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Stocks Stumble As VIX Hits 2-Month High
Despite the double-POMO, US stocks fell with the highest volume in 2 weeks today. The S&P 500 and EURJPY were joined at the hip for entire day exchanging the leadership role with each momentum ignition rally faded at VWAP. No deer today but with VIX's move and stocks down 3-in-a-row, some are starting to worry (which with a 1.4% from the highs drop in the S&P is kinda pathetic). Treasuries rallied (but remain 2-4bps higher on the week) mirroring the move in the USD (which sold off back to unchanged on the week as EUR strengthened). Despite an early blip, gold flatlined but silver slid lower as WTI crude surged further (closing +3.7% on the week back over $96). VIX closed off its intraday highs but at 2-month highs as it seems hedgers unwound into underlying sales.
Only one thing matters...
and volume was very large today - highest in 2 weeks... (notice how EURJPY was jerked higher to enable a VWAP close at cash - and now futures are fading again)
Homebuilders and financials have been hammered in the last few days...
WTI is surging (catching up to Brent - not good for gas prices), gold flatlined as silver slid...
FX market roundtripped with the USD ending unch of the week...
and VIX remains disconnected (as we suspect weakness in stocks today was unwinding hedges and reducing underlying exposure in stocks)...
and credit remains unimpressed...
Charts: Bloomberg
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I didn't think stocks were allowed to fall on a double POMO day.
FedFUBAR.
neither did ZH
Young Kevin H. must have been napping on the job today. He might have gotten 5 lashes with a rattan cane in Singapore for that...
He wasn't napping. He was "Zoning Out." No, wait...
you left out the BONUS CHART!?!?!
[TSLA] / [AMZN] / or [AAPL]
WTF is going on here.. let me speak with your MD
TSLA os incredible. 20% of S/O traded today, average daily trading over the last six months is 10% of S/O. No bubble here, just fundamental long-term investors.
With average holding period less than two weeks, you really can ignore the insane long-term warrantees the company has issued.
UGH... Muscles Musk is the cover boy on Fortune mag as 2013 Businessperson of the Year....the bullshit is coming full throttle.
Well, given that 2013 was the "Year of Absolute Bullshit," I'd say the title was well earned.
After the "stunning" Thanksgiving sales and PMIs, I'm amazed the market is down. I thought it can only go up on bad news...
Well, they did give it the 'ol college try at the end there, up 50 plus into the close. Still though, I am absolutely shocked that they did not just ramp green at the end. After all one of the signs of a healthy, and properly funtioning, "market" is 150 point swings based on nothing.
Wtf...pomo went only to tsla hlf deck and appl?
Hey spread the wealth you greedy motherfuckers!
I wonder if the banksters are getting nervous about the Dec.10 regulators' vote on the Volker Rule and how it affects their spec betting operations post-July 21.
http://www.bloomberg.com/news/2013-12-02/volcker-rule-said-set-for-dec-10-approval-by-u-s-regulators.html
Anyone know when was the last double POMO day when the markets closed DOWN?
Ms Yellen must quadrouple the POMO
Well, you can thank me, I'm afraid. After getting ass raped all year on SPY puts, I finally threw in the towel and flipped totally to SPY longs last Wednesday right at the high. They said the market would finally top out when the Last Bear capitulated. I'm famous!
I believe the only winning move is not to play.
You should only sell options, never buy them. The implied volatility and time decay are license to steal for the FIs writing them - 'gee, yeah, you would have thought that with the price moving in your favor you would have made money, unfortunately the time decay and the implied volatility shifts have you in the red. Better luck next time'. You'll get more honesty in a curbside 3 card monty game.
I am "kinda" cheering on the stock markets nowadays, I want this thing to blow so high beyond the stratosphere because the only way we can kick some sense into zombielandia is to have a total and uttler collapse. Anyone in here feel the same? I mean ... i am in Europe and now we are sold the idea that in some countries the debts are decreasing ... when actually the opposite is happening, I do have have eyes btw. Anyhooooo, I am cheering this shit on.
Anyone feel the same? o_O
I'm disappointed with "no bitcoin update Tuesday" as well.
Michael Snyder: We Are Near The Peak Of An Absolutely Massive Stock Market Bubble
Michael Snyder presents a great compilation of the Bubble signs in the markets. We will add Bitcoin and Quark to the list. The way Gold is smashed today again is making us wonder: is it "Gold market" pricing in Taper or preparation for No Taper announcement by the FED? NYSE Margin Debt normally peaks before the Top in the Equity markets, what will be the Catalyst this time? http://sufiy.blogspot.co.uk/2013/12/michael-snyder-we-are-near-peak-of.h...
400 million barrels of oil in storage and it's still not enough. it's amazing to me that Saudi Arabia doesn't own half the Planet by now. And how did Venezuela screw this up again? And Petrobras too? that seals the deal for me...i'm voting for Nixon next cycle. who's with me!
"Bob Janjuah of Nomura Securities believes that there "could be a 25% to 50% sell off in global stock markets" over the next couple of years."
Do these people realise the Fed is printing 85 billion per month and Janet Yellen wouldn't hesitate to double this over night. Has everyone else lost their collelctive minds. How does the stock market go down. As far as I can see, it either keeps going up or society as we know it ceases to exist and the US probably becomes a military dictatorship and stock markets, treasury markets, bond markets, Facebooks, Twitters, Obamacares etc will be the least of everyones worries.
Ever since I was a young, maybe 16 or so, I was aware even then that I was unlikely to get to the end of my life without a catasrophic change in circumstances. I could not specifically ever put my finger on one particluar event but always had this knawing unease about uncontrolled population growth and environmental destruction. At the time I obviously had no clue about the added complications of finance, politics, elitest families, corruption, oil, reserve currencies, gold etc.
We are on the precipice. It is palpable on so many fronts. Fiat currency is being destroyed in concert on a world wide basis. Debt saturation is nearing completion to all intents and purposes. Human population growth shows little sign of abating. Environmental destruction is occuring on an unprecented scale culminating recently in the Gulf oil spill and Fukushima. It's sad that the sentiment experienced by the first astronauts of the Earth as a painfully fragile blue marble in the infinitely black depths of space has not infiltrated main stream thinking. Only yesterday was I reading that TEPCO has been advised to dump all contaminated water into the Pacific.
Humans are not destined to survive, I think this is becoming terribly clear. We each pay lip service to caring about the environment for example but only a tiny fraction of people have ever done anything proactive no matter how futile. We could all so easily bankrupt BP for example by not purchasing fuel from them but even this simplest of actions is beyond our motivation. It's a fascinating journey studying human behavioiur, to the glaring delusions we manage to contruct in our internal model of the universe to the banal disinterest we show in the very ecosystem we are dependent upon for survival. It is fascinating.
Sufferning on a scale never before experienced in the short history of the bipedal ape is in our very immediate future. A real bummer if you have children. Never in my life have I condoned violence but I am beginning to see that this is the way of the world. Violence permeates the most fundamental interactions in nature. Violence will be the only hope we have of preventing the socipoaths driving the final nails into the now coffin that was once a fragile blue marble. The founding fathers of the US may have left the greatest gift to every man, women and child in the constitution of the right to bear arms. Violence need not be the only way but due to the complete apathy of the masses to non violent resistance, violence will be all that's left.
I never thought in my wildest dreams I'd promote the use of force, promote the use of guns but it's either that or certain destruction because the sociopaths will keep taking until everything is wrecked beyong salvage.
For fucks sake, does a POMO day cause a fucking ramp is stock prices or not. If you try and short the stock market you get crushed by these POMO days. If you try to go long the day before a POMO day you get crushed because the POMO effect magically disappears on just this occassion. What the fucking fuck do you have to do to make a stinking rotten cent out of this stinking rotten market.
Hah ha, it just occured to me, don't play and keep stacking.
Invest in the casino...buy CME stock