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NASDAQ Slumps Most In 2 Weeks; Trannies Pump Ever Higher
Credit markets remain notably less sanguine than stocks; VIX remains relatively well bid; and in a freakish state of affairs most US equity indices closed the day with an odd shade of red against their price... all that is, except for Trannies which soared 0.67% to new all-time highs once again. Nasdaq was the worst (-0.7%) as more momo slipped (TSLA's turn today), the S&P 500 oscillated in a very twitchy manner all day around its VWAP (for its first losing day in 5 sessions) tracking EURJPY once again, and CAT dragged on the Dow. Sector dispersion off the lows from 2 weeks ago narrowed notably today. Elsewhere, the USD slipped further, now down 0.4% on the week; commodities drifted lower with oil worst (-3.8% on the week closing below $97!); and Treasuries rallied very modestly (yields down 1-2bps).
Credit remains less excited...
S&P 500 futures oscillated around VWAP in a very twitchy pattern all day...
But Trannies didn't care about any of it...
Sectors, rather notably, saw dispersion post debt-ceiling lows collapse...
VIX remains bid...
and notice the noise around EURJPY... the algos are fighting hard to hold this...
Commodities slipped all day...
Charts: Bloomberg
Bonus Chart: TSLA got the NFLX treatment on downgrades...
Bonus Bonus Chart: In the last 3 weeks, US Macro has collapsed at its fastest pace in over 8 months...
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War, UH, what is it good for?
Perpetual "Keynesian" happiness!
(Oh, yeah).
Problem is, they can't find anyone willing to go to war anymore....Netflix is streaming movies 24/7 and Twitter is off the chizain...party time USA.
Speaking of dog NAZ stocks, look at ANGI earnings report. Revenues of $65.5MM but spent $52.2MM on "Selling and Marketing".
What the hell kind of selling and marketing team spends $52MM to generate $65.5MM??????? Not even including the $26MM on tech, support and admin. Stock "only" down 14% in AH to $13.25.
Man I promise I feel like I am back in 1999.......
I think they're planning on bombing New Jersey
"Trannies pump higher" headline is going to get the attention of the S.E.C. (it's Tranny Porn Wednesday over there).
They are back on the job aren't they. Bullish for the DOW porn ETF.
Que "The Crying Game" music....
Gold banks are upside down on deliveries through the end of the year. Maybe if oil slips a little more, and gold rises a little more, some of the ME shiny will shake (sheik?) loose...
Alan Greenspank told me to buy this dip
I clicked for the trannies...
2nd day in a row I can't enlarge some of the charts. When you're a chart porn addict like I that really suckidie.
"Vix" means wank in German.
Vix is short from vixen - which sounds indeed remarkably like wichsen.
the most ridiculous part about todays market session was how predictable its become.
when the market was under selling pressure to open up the day, dow fell as much as 100 pts i believe, i knew at 10 am the market would start to come off hits lows, and sure enough that is exactly when the rally off the lows happened.
but dont worry, this market is not being artificially pumped up or anything, it must be those great earnings we r getting, or those ''investors'' coming in to btfath always.
Hi, I came here from Google searhing for "pumping trannies," but all I found were pictures of funny looking charts with lines on them. What gives? Where are all the pumping trannies? Effin' Google, evil bitchez.