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Last-Minute Buying Frenzy Sends S&P 500 To New All-Time Higherer High
Shitty data, worse earnings, worst volume, new highs. Among the lowest volume days in NYSE single-stocks, S&P futures trading, and VIX options saw stocks levitate back to overnight highs during the day only to slide lower to around unch by the close. Trannies have managed 11 up days in the last 13 and gained 10.3% - sure why not? S&P 500 hit new all-time highs but ended the day well off its highs. Gold hit 5-week highs but faded back to modest gains. The USD rallied early and faded to unch by the close. Treasuries rallied early on but faded into close +/1bp on the day... The pattern was the same across most assets but a very last minute 4.5 point rampapalooza closed the S&P at all-time highs.
The S&P was resecued from a red close by a 5 poinrt vertical ramp into the close...
Trannies have risen at the fastest 13 day pace since the US downgrade in Summer 2011...
And while it doesnt matter at all any more... Volumes have been collapsing as the S&P makes newer higher highs...
Treasuries rallie early on dismal data (moar un-Taper) but faded back to unch into the close...
And it weas all the USD into the close...
Charts: Bloomberg
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No overt fuckery to be seen here....just move along...eyes down and don't forget to keep hitting the buy button.
One of these days I'd love for the SPY to get totally smashed hammered down - like down more than 0.99%!
Low volume doesn't matter on the upside, but it creates some godawful air pockets on the downside,
if we live long enough to see another downside.
No fuckery, just the boyz and their supercomputers. No fuckery unless you are retail. This kind of stupidity is designed to shake weak hands. Gawd help you if you are short, and judging from the action, a fair number of bears got burned on the close.
Buy now, or be priced out forever!
I've heard that patience pays. Of course you'll have to wait for ol'Yellen to stake her claim first.
More importantly I've got a Tony-here's-some-frosting-for-your-flakes-the-tiger ad banner! Has anyone had one of these before or is this my lucky day?
Bang Dae-Ho
Bang De Close.
It's the new normal.
It's the sex Olympics.
i just can not wait till this thing collapses.
it may be tomm,it may be 10 years from now, but all i know is that when it all goes wrong, this shit will be epic.
they want to fucking pump the dow up infinity daily, and the s&p and nasdaq? i am numb beyond numb to it. as a matter of fact, let them fucking do it, i can use a laugh.
when it ends though, ppl will be drowning in there tears, ppl will be jumping, and we can all think back to our days at this site how we all saw this coming.
The Dow will hit 20k and the SP will hit 2500-3000 and the Naz will be at or around atleast 7000k and when there are no more folks left to fool.............you know, that's when it will happen....at least a few years to go.....
The FED cant stop printing. It wont take 10 years of printing to kill the dollar.
In order for the 401k confiscation to commence, they have to pump the S&P to make it more palatable - it just wouldn't have flied back in 2008 with the market down. But in the next couple years with the DOW @20K and economy in the still in the dumps - the wolves will be circling
Throw in a few 10-15% swings during the debate to "restore fiscal responsibility" and people will beg for it.
can the strongman ring the bell? step right up folks!
Man how bad r they trying to keep Silver below 22.5...
how can charts show the same moves at the same times days on end...
http://www.kitco.com/charts/livesilver.html
and thats just the last 2...going back five trading days its the same shit...
On the topic of VIX, can anyone tell me what happens when there are more stampeding fat asses than life boats?
Hilarity?
I love being paper-rich, and thanks to Chairman Bernanke I will never ever have to sell, until of course I'm even richer.
I mean if it only goes up, what could ever go wrong?
Right?
Always Be (High) Closing.
"Last Minute Buying Frenzy" and "POMO" look an awfull lot alike! Thank God we don't have a Debt Ceiling!
Ya'll just don't appreciate the wonderfullness of it all.
Bitcoins+Obama = New Millennia
Instead of showing charts and graphs etc., why not show pictures of clowns throwing pies at the faces of one another. That would make about as much sense as anything else in this farce of a "market". Nothing really seems to matter much aside from perpetual Bennie-Buck injections via the liquidity spigot.
FedFUBAR.
"Well, isn't that special"---Saturday Night Live church lady.