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Markets Are Going Crazy
There is no news as a catalyst here but bonds, FX, commodity, and stock markets are smashing around as Twitter break below its open price. JPY is rushing higher against the USD (as is EUR which has retraced Fib 61.8% of its losses from Draghi). Treasury yields are collapsing. Nasdaq and all the other US equity indices are dumping as momo names suffer the most.
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I love these HFT guerilla trading days. Just like sitting at a Pachinko machine...waiting for all the little balls to fall...randomly.
Thank you, Ben Bernanke...for this economic wasteland you have made for us. Your legacy, sir, in all of its glory.
These are the preshocks
I wonder if the Twitter IPO was some kind of pre planned signal to get out by the the Oligarchs.
< I use twitter
< I do not use twitter
< I use Facebook
< I do not use Facebook
< Wifey built like porn star
< Wifey fat
@ Yes We Can. But...
I felt reluctant to junk you so many times (except my wife is beautiful too...), as I worry that the Tylers may be 'bots and kick ya out with so much red...
But, truths are truths! You get a "Virtual Green" from the Bearing Guy.
I would say a few hundred thousand crappy quarterly earnings calls are having a net effect. If I open a window here in midtown I swear I can here the penguin-like stammering of a like number of CEOs.
Preshocks = if the market tries to go up forever it eventually becomes over extended and starts breaking for no apparent reason. The reason is reality re asserting itself.
@ Zer0head, + 1
Yes, preshocks, very prescient.
Much worse is coming.
Algo's are broken.. Nothing to see here. Queue the Market temp closed sign for fix.
FINRA has imposed a quoting and trading halt in all OTC equity securities due to a lack of price transparency information currently available in the marketplace for OTC equity securities due to OTC Markets’ outage. As a result, ArcaEdge will be halting all quoting and trading in OTC equity securities until further notice from FINRA.
Markets... hahahaha!! BUY, BUY, BUY!!!
Glitch in the Matrix.
The Tesla! The Twatter! The Priceline's on fi-yaa!
Inverse coordination with Dhragi Versus way underexpected GDP report = big misalignments.
Pros are entirely flummoxxed.
Personally I think QE Taper Mini coming sooner than expected.
Perhaps,just perhaps No Trust in market forcing changes.This because very few wish to play this game any longer.
Taper ?
Can I smoke some of what you've got ?
its not falling fast enough and far enough,
faster bitchez
WTF?
The lines of all the graphs are the same.
The Piranha's are lose! The HFT Piranha's are on a feeding frenzy! Get out of the water!
It was a matter of time before HFT cannibalism occurred in a market without liquidity. D-bag eats D-bag in battle of the machines.
Well...it seems simple to me, FED can just promise to ramp free money to $150 billion/month and that should solve everything plus leave plenty of room for record Wall St bonuses.
Why aim so low? Let's get this bitch moving with a $Trillion a month. Forward Keynesian!
I have a dream where Alan, Ben and Janet are wearing orange overalls and printing money day and night and are required to write in the seral numbers by hand,
I have a dream, that Dimon and Blankfein and ors will spend the rest of their lives writing on a chalk board, "the devil made me do it".
I have a dream where Obama is told half way through an operation that his free health care is no longer available and that he will have to log onto a computer and enrol under his own scheme.
You can say that again http://hedge.ly/16VMrYa
You can say that again http://hedge.ly/16VMrYa
How droll.
We still have the closing ramp to look foward to. Maybe they are letting the market run unsupervised for a few hours just to see how it performs.
Market?
I was thinking the same thing. Just testing the waters - apparently the water has been replaced by hydrochloric acid.
What do you mean the markets are going crazy?
They have been crazy ever since the masters of the printing press thought they could manipulate the economy back to health.
And so what?
The PPT will save the day. That will continue as long as they can literally print money for free. The lower turnover at the exchanges also means it requires less and less money to do that. The FED must sit on a large chunk of all shares, together with their primary dealers. I wonder if they will all get through the door at the same time when the time comes.
I doubt the market will do any big correction before people loose faith in fiat money. And when that happens, things will move fast.
My only concern is "the people". I have no faith in humanity whatsoever. They do not have a clue about reality. Todays reality is a tv show that is about reality but really isn't. People will not lose faith in anything unless they are told.
The markets are randomized. It's part of the new Obamatrade system.
You can't enter an order, but they just randomly trade on your behalf.
And remember: If we like your broker, you can keep your broker.
ZH: "Markets are going crazy"
Aren't we all?
Is it possible a contagion has taken the crew, intoxicating and stripping them of all inhibition? Captain?
That was obvious, as all money goes to Twitter. All other things fall, then.
The problem is, Zuckerberg is already rich now. The one thing I can say about that guy is that he knows this is all a gigantic joke.
Now that the Twitter ipo is out of the way Farcebook can roll over.
All Bukkake - We close green unless WWIII breaks out today.
Hate to say it, but unless you think we are getting a really strong unemployment report tomorrow this is a great buying opportunity. The end of November call options are on discount. I'm still in the camp that there is no way they taper as Bernanke's send off and a week before Christmas
Let's step back from the 5 minute view.
Financial microscopes are dangerous to use with this audience as the sky is already falling.
Over.
Oh yeah, they will taper in April #snark
This is only more good news for the "moar printing" crowd. What a bunch of ass-crack addicts.
Fukunomics....
Short GE
Twitter is another technology fad that will be washed up within the next few years. There is no value in that company, let the suckers do their thing, it's always entertaining to watch.
I never understood how people can find value in these companies. These type of companies remind me of bitcoin or some other virtual bullshit somebody is trying to put a price on.
"Markets" -- LMFAO!!!!!!!!
I keep hearing the word "Markets" hmmmmm..... WHAT FUCKING MARKETS?!!!!! the last time I checked it is still a casino...and the house is rigged to win...
Looks like Bernanke turned to drink instead of prayer.
Bill O'Niel, founder of IDB said in one of his books that dislocation of markets - like the NASDAQ and Dow yesterday - were signs of impending corrections or bear markets. Considering the moves today, he's probably thinking, "WTF?"
I doubt a bear market or even a correction is coming. After all, Twatter is now a public co, and the holidays are upon us (since they now start in September). Can't have down markets until after the Super Bowl. I believe it's now a law.
Obama said so.
The end of the beginning or the beginning of the end?
The sky is falling!
Tyler,
speaking of going crazy, how come you haven't covered Rand Paul's meltdown and complete mishandling of the plagiarism charges?? Blowing up at your hometown press is very presidential.... Not.
http://www.politico.com/story/2013/11/rachel-maddow-rand-paul-plagiarism-accusations-99516.html?ml=tb
Seen elsewhere but too good not to steal:
In other news ---Rand Paul wrote a "new" book----it's title-----COPYRIGHT SHRUGGED
What no praise for Christie.
Pretty obvious by their actions what the Dempublicans like you are up to.
Knock out all contenders except Christie for 2016.
I don't GAS as I will not vote for anyone ever again.I withdraw consent to be governed.
But your petty antics are mildly amusing,like watchings dogs fuck.
Christie is at least demonstrably electable, unless he gets primaried....
Hopefully Tylers put up a new thread so you can copy/paste your story which is unrelated to the topic.
Trollololololol
when your prez is a liar, a thief and a murdering spy . kind of hard to get excited about a t that didnt get crossed
There is no spoon.
And no cow level either.
Holy shit!! The markets are giing crazy! Sp500 at same price as a week ago oh no!!!# 10 yesr yield at same rate as monday ,,,,,, omg what can we do!!!!!
SPY down .30% and I covered my short for a small profit.
http://www.safehaven.com/article/31717/the-ecbs-tough-balancing-act-bubbles-vs-deflation
Today, a small group of central bank chiefs can meet in private and wield unprecedented power over global markets, economies, and wealth distribution. They are held accountable to the ruling politicians that in most cases have no respect for the principle of sound money. Instead, in Europe, the UK, Japan, the US, and elsewhere, central bankers have become intricately linked to monetizing government debts, and financing the expansion of the welfare state. As such, disciplined and independent central banking, a cornerstone to any hope for sound money and credit, has been relegated to the dustbin of history.
Central banking, - ostensibly designed to combat high levels of inflation and promote economic growth, while overseeing the stability of the banking industry, has instead, morphed into technocratic planning boards that are constantly involved in rigging the value of the financial markets. Their principal modus of operandi is to encourage risk taking in the local stock markets, through massive injections of ultra-cheap liquidity. However, the result isn't better economic conditions, but rather the expansion of massive bubbles in various financial markets. In turn, central bankers have widened the wealth gap between the owners of equities, and the rest of the struggling population whose wages are sliding backwards, and is increasingly seeking out assistance through welfare programs.
Historically, the value of the stock market reflected the dynamics of the local economy, and would influence the social mood of the populace. A stock market that is booming would signal an up-and-coming economy that would be followed by increased business investment and the creation of good paying jobs. Rising share prices boost the fortunes of about 10% of households in the country, and triggers a greater propensity to spend for goods and services - otherwise known as the "trickle down" effect. Therefore, keeping a constant vigil on the behavior of the stock market, - has become the raison d'être of central banks.
In earlier times, stocks traded on the local stock exchange used to track or even anticipate the nation's business cycle. But that reliable role as a leading indicator began to seriously break down after the financial crisis of 2008. Since then, because of the hallucinogenic effects of "quantitative easing" (QE), - stock markets are no longer reflections of the health of the local economies or forecasting mechanisms of the business cycles. Instead, they are just slices of ownership in specific companies that are unreliable gauges of anything but the underlying strength of the companies they represent, their dividend payments and buybacks, and the schizophrenic mind-set of the traders who buy and sell the shares.
Nothing major will come of this - they have control of the "markets". When the yield on short-term paper goes through the roof, that's when we'll see fireworks.