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This Is The Headline That Broke Today's Downward Momentum
You know it's bad when... the red flashing headline that sparked the accelerating downward momentum in US equity markets to stop and reverse on a dime is...
- *JAPAN TO DOWNGRADE ECONOMIC ASSESSMENT IN APRIL REPORT: NIKKEI
Proving once again how insanely non-sensical this bad-news-is-good-news market has become. Fundamentals, schmundamentals. However, as we noted here, this bad news is not going to lead to the good news that stocks are hoping for...
Chart: Bloomberg
A "market" designed for E-trade babies and if -> then algos.
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Who cares, bullish!
I'm looking forward to hear from our friend at Nanex to learn who traded in front of the news anouncement.
The shorts are getting squeezed once again. Is this the predetermined trigger?
....and we are green.....wow wow fuck me...btfd....
War is bullish
Peace is bullish
Freedom is bullish
Slavery is bullish
Ignorance is bullish
Strength is bullish
Burrish!
Bullish!
Fuck Game of Thrones, they should just start releasing the raw teleconference logs for the central banking working group.
none of this is "real" - it is predetermined and programmed...let's stop prtending the flashing numbers signify anything but central control.
You know what they say: What goes up must keep going up. Forever.
It was around 1:00 AM in the morning in Tokyo when they made this "News Announcement"
Really?!?!? What government makes economic news announcements in the middle of the night?
One whose debts tally 240% of GDP?
One thing is for sure, Kyle Bass still continues shorting JGBs. Recent interview on CNBC can be viewed here.
This entire event smells fishy!!! I was watching my screen closely when the market turned, and was wondering if they just learned something really big happened, like Reagan was brought back to life, or some such shit. The speed in which everything turned, the way the TICK(s) moved, the way in which the UP/DOWN Volume moved -- all because of the news headline just seems excessive to me. Its almost as if the Primary Dealers were told in advance, and to be ready to pounce when the news hit.
They just attached a new market tape booster to the scoreboards and it sent things up in linear fashion as intended. Thing is, they have multiples of these things boosting on top of boosting and if one of them blows a circuit things crash like a rock. They'll be replacing them all with new super boost units over this next weekend. That should keep things going up more reliably.
Gold stomp last night started precicely with the Full Moon at 7:00 A.M. GMT.
They no when to hit people when there are emotions are vulnerable.
And when volume will be low due to holidays.
Dollar Strength -- Not. Easing of tensions in Ukraine -- Not. Lower inflation -- Not. More tapering -- Not.
Lower energy prices -- Not.
Do you think a really powerful supercomputer, leased by the Federal Reserve, with unlimited buying power, could determine which shares to buy and how much volume was needed to turn things around whenver they feel they need it?
I sure as hell do.
Just give the unmentionables a printing machine, and you don't even need a computer. This market can be levitated ad infinitum. It might not even be the market that cracks when things fall to pieces.
Perversely, the more successful the PPT is, the more likely we are to have a total break down in the US$! And then follows the other currencies.
The signs are already there. Who in their wildest dreams believes that Belgium, even the whole of the EU are behind the purchases of American paper. Belgium! and the rest of the EU are broke.
So money is being created out of thin air.
F-R-A-U-D. A four letter word it ain't, -- but this is: SHIT!
We bounced to the penny off the bottom of a channel the ES has been trading in for years. Same one we bounced off yesterday. The bottom is in, next stop new highs!
Smells superfishy. I would like to know who bought massive amounts of calls with expiration date 19 april TWTR, LNKD, FB, etc. at just before 1pm today and then sold them again at 3pm today. Those are the guys behind this. Could somebody please investigate??? And they are laughing all the way to the bank. Probably already bought some physical gold already, the stuff I have been dreaming of, while I'm still sitting here stupidly with my puts, believing "one day the fundamentals will come back". This sucks. And I thought roulette was bad because of the green zero...
The gold stomp is being attributed to "strength in the dollar." WHAT strength?!
Year to the day of $200 shocker, another strange gold price plunge (Mining.com, 15-Apr)
"...volumes spiked with 2.28 million ounces (64 tonnes) dumped onto the market...The flash crash on 15 April 2013 – one year ago to the day – when gold dropped $130 in a single session and more than $200 over just two days, also happened without warning."
LOL
The worse the news, the higher stocks go.
Maybe we should drop another couple of nukes on Japan so the DOW can hit 20,000.
As someone who just spent fifteen minutes in the store looking for green tea NOT from Japan/Western US...
Why not? Pacific food supply is fucked anyways.
Dang... if only I'd held on to that 30 point loss from the open instead of closing it out at 32 down... I'd be up for the day.
Hafta adjust my stops to 40 points!!
i can picture Dr. Evil pushing a few buttons on the background and smiling ... then you have "the experts" trying to justify what just happened ... good luck in figuring out what is next move going to be ...
Double-Speak is a beautiful thing.
Nasdaq composite hit within a few points of the 200 day at the same time.
stop trying to correlate news to market moves and it all makes sense. maybe the interns at marriner eccles just decided it was time for ctrl-p for no good reason
i think the bots are just buying before the 3:30 rampfest. they're going to be very disappointed.
Wei Tu Hai
definately not rigged...at all. nope. not one bit.
just BTFD, this is a good one... if you need to watch the cartoon again feel free...
So Japan will bail out Wall Street. Japan before or after China ? and if they both get in the same line helping USA...there won't be spats ? Highly leveraged and sharp blade to fall upon.
Knee jerk for free money Hopium, mash contrl-buy rapid fire.
I have believe this is the case. All the ears perk up at the prospect of Uncle Central Bank pulling out his coin purse again and showing free money amongst the school children.
This can work for a long time, but there will come a point when bad news will be bad news and be reflected as such.
Nah! They'll break the market and declare "self-help" first. :)
this video/song fits the market perfectly:
https://www.youtube.com/watch?v=C2VfmhAlTO8
I think it had more to do with protecting SPX 1815.
It's like 2 weeks ago didn't happen.
There is no market. HFT controls it all. Two weeks ago EVERYONE KNEW THAT.
Now all of a sudden 1815 matters? HFT doesn't care about 1815. They just care about stealing from whoever is stupid enough to trade AT ALL.
Get your money out. Buy farmland.
I hear helicopters
Can algos read Japanese?
Talk about desperation, just the mere possibility of stimulus has them salvating like a pack of starving pavlovian dogs.
Yeah this is worth a potential World War III?!... Or at the very least perhaps another Fukushima???!...
It's hard to tell if bad news is good news or if it's just a rigging to make the market look like it "shrugged" it off, which is what the media will then report.
Turn around Tuesday.Rejoice!
Wow these cnbc fuckwits sure can't try any harder to talk about tax selling.
"What's important to remember here..
is that we're off the lows."
Means moar money printing, got it?
hey all ya'll shut the hell up with that "doomer" shit...
the Dow and the "Stank & Puss just made ANOTHER V-Shaped recovery to erase all losses...
GOD BLESS AMERICA....
Why is Silver and Gold not spiking?
Don't rub it now...ok, maybe just a little ;)
becuase they r real money...
and the people who create worthless debt based currency out of nothingness, and who r ur real government, can not have that....until they cant stop it....stay tuned and with me...it wont be long...
Rorschac test for Keynesian economists and Fed lackeys, "If it would mean that you would become the recepient of a $42M legal settlement, would you gladly become a parapalegic or would you rather keep your locomotion?
well TD, the markets cant be rigged... I watched earnestly as only 6 dow-N components were green, jnj, KO micky-mouse msoftie and H_W 2P(HWP) and then suddenly...viola
this marKIT needs an Enema as do the puppet masters
Amazing comeback, yeah the ponzi lives and soon after the radioactive ash settles we will see new ath...
I don't even pay attention to it anymore.
I just keep on stackin'.
you bitchez just THOUGHT the fed was loose, HA!
Such a dirty mind
Always get it up
From the touch of the younger kind
My My My My My
Whoa My Kuroda!
Plenty of time to get pounded back down. Hoping.....
Here... Here ya go!....
Some "Max Thunder" to go with JPY's "Downward Momentum"...
Predictions???
So sorry to have forgotten the link:
http://investmentwatchblog.com/max-thunder-south-korea-and-united-states-hold-largest-ever-joint-air-drill/
another fucking press release in the middle of the day at the the low of the day
nice fucking shit show
What an amazing turn-around with all that is going on right now.
It's fantastic, isn't it! Just great! Golly!
Tyler you may be right...but stocks do feel tired of going down--(for now)
I'll see Y'all on the otherside next weekend, no not this coming weekend NEXT weekend....odds are we'll be right where we started. umm 0 zero
We are back to the 2009 and 2010 V turn on a dime algo momentum creation afternoons again...is no less shocking now than it was then that the SEC thinks this is okay. I am sure they look at these "bank run stop" algos as somehow positive for the markets. I will say this one was induced a bit early today...looking for a 150 pt drop as no one will want to hold over night
Well you are optimistic! :-)
Shorts are scared of a squeeze, longs are scared of a collapse, and everyone else is scared of missing out.
Pistons are going to shoot out the sides of this block at some point.
Missing out is exactly whats happening today.. all portfolio managers are buying, because they have underperformed massively during Q1.. buying tech today @ 2:30 is the perfect timing to get in and be able to show clients that you outperformed the market... now he can just lean back and watch the market crash, cause he´ll still be outperforming his benchmark... fuckin retards!
Today's 330 starts at 230!
Party bonanza! BUY BUY BUY!
Patience ppl, the central banks are all-in, completely desparate and clueless, but the average "investor" (not just algo's, but simple pension funds, fund managers, insurers etc.) still has faith in their policies. There will be a moment that this faith breaks down and then stocks will go back to fair values around 60-70% lower in real terms no matter how much money is printed. Besides this, printing money is not that straightforward anymore. Central bankers themselves have lost faith in their policies, and are having very aggressive discussions internally but will never admit that in public.
I called long on ETR last November and promptly watch the so called "financial elites" go full retard on the entire company dropping its price to sixty bucks.
to give you a "flavor" of weather related issues however he's what what price gouging the bankrupt State's of Texas and Illinois looks like:
http://seekingalpha.com/news/1674093-entergy-raises-guidance-tops-analys...
they DOUBLED their expected earnings for that quarter. So of course guidance was massively raised as well because the whole thing was a crock of mularkey from the you know who to begin with. The good news is that the mo-mo monkeys are long all the beta names so they're down anywhere from 30-50% ytd right now "while a plain old utility which pays a massive dividend is up twenty."
I look forward to Illinois and Texas being downgraded "commensurate with the downgrades of Japan." We'll see if Pennsylvania will get caught up in this "vortex" as well.
The economy is an organism--the market is its emotion--must protect the pysche of the market lest we fall into depression again.
dup
Talking heads can't figure it out. Jokes and yuk-yuks, but no solid theories...everyone is shocked and spitballing...
Better BTFD now. Rampapalooza2 is coming up in two minutes at 3:30 S&P 1860 by close isn't out of the question BTFD
"Market" is expecting more money printing => Hence applausing to "expected bad economy forecasts".
Last minute IRA stuffing. Let's get past the 15th tax deadline and see what the markets do.
Fuck you Feinstein.
This market is hysterical. Both as comedy, and as neurosis.
30 handles on a maybe QE from Japan?
Look at an hourly chart of ES over just the last two days.
Lithium, an outing on a fishing boat, Nurse Kratchet and a lobotomy.
Time to smother this sucker with a pillow.