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Pump... And Dump, Day 3
For the 3rd day in a row, the opening of the US day-session sparked some inexorable desire to buy stocks up to record highs - ignoring the realities of other assets like bonds (lower and lower yields), USD (soaring), VIX (rising), credit spreads (flat) and even JPY carry traders. And for the 3rd day in a row, the initial "pump" has failed and "dumped" back to AUDJPY reality. It seems the all-important green close for 2014 just won't hold (for now).
It seems - all of a sudden that "social", "media", and "you just don't get it" stocks are not wanted anymore as TSLA, NFLX, FB, AMZN, and TWR all tumble
Charts: Bloomberg
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3rd times a charm???
You sound like Hillary
Funny how the whole market is starting to resemble a penny stock.
three days in a row! at my age, that would be good!
To the downside
Quicker than Lewensky
Perhaps it is buying coming in from Europeans seeking safety??? They tend to buy in our morning market.
wish i got as much action as this "market."
This market getting as much action than Bubba Clinton
Lol ya too bad it seems to have ED. Maybe a dose of viagra can "keep er up"? or with Yellen in command, maybe a bottle of the stuff?
when the bulls give up......this pile of shit (formerly known as capital markets) will go down faster than a politician in front of Jamie and Lloyd.
They still have a couple of hours. I don't think the bear camp has been sufficiently demoralized yet to allow for a major selloff.
This is the fundamental error most are making.
There are no bulls. There are no bears. There are only HFT computers watching stock buybacks and the price of the yen.
what you are describing is a market. there is no market, there is only old yeller.
As long as the fucking FED or its minions zaps the futures at will with free POMO money, the market will never fall. Grrr.
When the pump and dump doesn't work it's time to resort to the dump and pump.
Pump and dump is the Clinton model of personal relationship
Once again. ZH article stops the sell-off in it's tracks and puts in the floor.
BTFD.
It's about as coincidental as that religously offensive youtube video
Psst.
How long has oil been over $100 now? When will we hear about the GDP hit that causes?
Why bring the AUD into this supposed correlation... what was wrong with the more obvious crosses for today?
TSLA still positive. Buy it now! I'm sure I heard some guy say it was going to $1000 by next week.
Not even a buy at 1000 cents.
I had to check out what Tesla is up to. They're up to $250 per share? God damn that's crazy. It also happened in a very short period of time. This might be the top. If you have the balls to short Tesla, do it now.
Markets have to steam up, they have to, Yellen needs that and she will come up for it.
Setting up those retail investors, retirees, and 401K/I.R.A. accounts for a good ass raping 2008 style.
The big boys on Wall Street are slowly and carefully cashing out, rotating out.
See the big demand for Treasuries today?
$130 billion NY FED reverse repo today. Take "liquidity" out of the market, provide it with collateral fuel that is rehypothecated X times in leveraged bets. Mr Dudley at work.
Indeed, Madbraz!
The obscene amount of reverse repo since year-end has received no coverage - anywhere.
What do you make of it aside from lubricating the repo market with high quality collateral?
I'm short the market myself after rolling out of NUGT yesterday.