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Buying Panic Appears Just In Time For Op-Ex

Tyler Durden's picture




 

Just a couple of hours ago we noted the odd lack of total buying panic that the market was seeing ahead of option-expiration. However, we did not have to wait long to be greeted with the now ubiquitous "vertical-straight-line-up" formation. Beware though USDJPY just rolled over...

 

 

 

But this is odd...

 

Charts: Bloomberg

 

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Thu, 04/17/2014 - 08:53 | 4669018 LawsofPhysics
LawsofPhysics's picture

I really appreciate these "tells".  Maybe central planning is better after all...

Thu, 04/17/2014 - 08:56 | 4669038 spastic_colon
spastic_colon's picture

what time will they declare self help against the exchanges for too much buying?

Thu, 04/17/2014 - 09:05 | 4669060 LawsofPhysics
LawsofPhysics's picture

never.  too much selling would be a problem, but how many humans are really playing the game now?

No, I think we start to enter the "Zimbabwe" phase of the "market" now.  It all about the faith/exchangability of the dollar now.

The BRIICS are quite prepared to do their own thing, so that's 2/3 of the earth's population basically saying "fuck off" and exponential equations are a bitch.

hedge accordingly.

Thu, 04/17/2014 - 09:08 | 4669083 kaiserhoff
kaiserhoff's picture

Well, you can't expect Comrade Yellen to sit back and allow free markets to run amuck, hither and thither.

Lord knows what might happen if you let actual humans buy and sell whatever they damn well please.

 

Thu, 04/17/2014 - 09:18 | 4669110 LawsofPhysics
LawsofPhysics's picture

"Lord knows what might happen if you let actual humans buy and sell whatever they damn well please."-

Simple truths always seem to hold don't they as people are doing this anyway.  Travel to just about any other country and there have been two "markets" for quite some time now...

denying such simple truths only results in "conspiracy theory" becoming conspiracy fact that much faster...

same as it ever was, let's hope that after the next collapse we actually claw back some of the with from the perps and set an example by executing them (in goverment and the "private" sector), it's the only way to really prevent such behavior in the future.

Remember, "laws" (especially if not enforced) don't change behavior real fucking consequences do...

Thu, 04/17/2014 - 09:27 | 4669151 ilion
ilion's picture

Why are you so against people buying on this market?

Thu, 04/17/2014 - 09:42 | 4669194 kaiserhoff
kaiserhoff's picture

L of P always has an amusing slant on things.  Let me give you a couple of sound generic reasons.

1  Equities tend to do better than most other investments in inflationary times, but a depression is likely to come first, in which all paper contracts go up in flames.

2  As long as Central Planners world wide, have nailed interest rates to the floor, it is impossible to accurately value or compare investments.  Not just stocks but farm land, real estate, collectables, all of it.

You are trying to learn.  Good for you.  Very few people are.  Keep reading ZH and you should prosper;)

Thu, 04/17/2014 - 12:01 | 4669428 TheRideNeverEnds
TheRideNeverEnds's picture

Yup, its a given that we are going straight back to new highs, buying them here is free money but if you think the buyers are panicking now, wait until Yellen announces the next round of QE later this year!  SPX will trade up 100+ points on the announcement. 

 

ALL the risk is to the upside.  all.of.it. 

 

The chance we are going under 1800 again is zero, we retested that level, it held; higher lows = higher highs.  

 

Its a no brainer.  Whats to be surprised about? 

Thu, 04/17/2014 - 08:57 | 4669044 Headbanger
Headbanger's picture

Uncle Putin wants YOU!!

Thu, 04/17/2014 - 09:08 | 4669092 Squid Viscous
Squid Viscous's picture

Johnny Kohn and Lavrov are meeting in Geneva so it's all good, and Nudelman will be close by with his instructions

Thu, 04/17/2014 - 09:02 | 4669067 nasdaq99
nasdaq99's picture

this is the real outperformer

http://stockcharts.com/c-sc/sc?s=$DJUSUT&p=D&b=5&g=0&i=0&r=1397739439647

Thu, 04/17/2014 - 09:02 | 4669068 Dr. Engali
Dr. Engali's picture

Well central planning certainly isn't better, but they do make it easy to make currency which can then be converted into money as long as you accept the bullshit system for what it is.

Thu, 04/17/2014 - 08:54 | 4669022 firstdivision
firstdivision's picture

Let them jam the shit out of it.  It makes the May's puts cheaper.

Thu, 04/17/2014 - 08:56 | 4669028 Rathmullan
Rathmullan's picture

Good news is good news today. How "convenient" for the statist central planning pigs.

Thu, 04/17/2014 - 08:56 | 4669034 buzzsaw99
buzzsaw99's picture

every time i see the "shnauzer" pattern on the s&p chart the market goes higher. that is my goat entrails and chicken bones prognostication.

Thu, 04/17/2014 - 08:55 | 4669035 Ness.
Ness.'s picture

I knew I suddenly felt wealthier.  Wasn't sure if it was the Yellen I just took in the toilet or the S&P morning rampapalooza.  A little bit of both I guess.

 

Thu, 04/17/2014 - 08:57 | 4669042 Sudden Debt
Sudden Debt's picture

and we'll need to mawn the lawn again this weekend because all those green shoots...

Thu, 04/17/2014 - 09:00 | 4669036 Sudden Debt
Sudden Debt's picture

crap... I need to stop being so impulsive... I bought speeders short on the vix, nasdaq, dow and long gold and silver half a hour ago...
crapping crap...
a 1% rise and they hit stopploss..

Thu, 04/17/2014 - 11:08 | 4669546 medium giraffe
medium giraffe's picture

last day before a long w/end. conflict could break out over the weekend. the ecb might rob some folk. it's expiration day. 

Mr Myagi say, best defence, no be there.

Thu, 04/17/2014 - 08:57 | 4669041 MFL8240
MFL8240's picture

The US finacial sytem is a total game folks, get the hell out!

Thu, 04/17/2014 - 08:57 | 4669045 NaiLib
NaiLib's picture

Tis last week has really exposed how nervous people are, Buying panic is comeing from the very few with unlimited resources using other peoples money to drive indices.

Thu, 04/17/2014 - 08:59 | 4669051 spastic_colon
spastic_colon's picture

new here? / s

Thu, 04/17/2014 - 09:01 | 4669064 buzzsaw99
buzzsaw99's picture

yeah, from the no shit sherlock files. welcome aboard.

Thu, 04/17/2014 - 09:00 | 4669057 buzzsaw99
buzzsaw99's picture

unlimited margin. fixed it.

Thu, 04/17/2014 - 09:15 | 4669108 Squid-puppets a...
Squid-puppets a-go-go's picture

yer, the stawx hawx are flying high tonight

Thu, 04/17/2014 - 09:00 | 4669059 Squid Viscous
Squid Viscous's picture

Recovery Summer #6... buy buy buy!

Thu, 04/17/2014 - 09:01 | 4669066 jubber
jubber's picture

That move dragged the DAX up 75 points, and therefore ALL the other negative Indexes to positive and therefore took every stop out across Europe, ....total farce.

Thu, 04/17/2014 - 09:10 | 4669099 MythicalFish
MythicalFish's picture

If they're still using stops (i.e. tell the guys on the other side of the trade where they would throw in the towel) maybe they had it coming?

Thu, 04/17/2014 - 09:08 | 4669090 SheepDog-One
SheepDog-One's picture

It's not 'markets' at all it's economic world war. General Yellin....get to work, sir.

Thu, 04/17/2014 - 09:08 | 4669093 Hongcha
Hongcha's picture

More teeth-grinding, stomach-churning pain for the shorts.  They woke up with hope this morning and got bent ... again!

Thu, 04/17/2014 - 09:13 | 4669101 Caracalla
Caracalla's picture

Darn, I thought we were going to have a dip to buy this morning.  People are wising up and front-running BTFD.  If we get a pullback today (which we may because we are overbought), then absolutely do not forget to BTFD.

Thu, 04/17/2014 - 09:19 | 4669113 Squid Viscous
Squid Viscous's picture

yep got to get up early to BTFD, with new Interactive acct. and newborn i can start buying at 6am, just in time for the start of the levitation almost every day... i should have a big red Staples button, "that was easy!"

Thu, 04/17/2014 - 09:13 | 4669102 Unknown Poster
Unknown Poster's picture

The arb algos are supposedly "good" algos holding futures, equities, credit and FX into a consistent market  mess. They seem to have trouble holding it together recently.

Thu, 04/17/2014 - 09:19 | 4669117 q99x2
q99x2's picture

What are we recovering?. Is it something like when you're a recovering drug addict and can never recover. Or have we already died and living in eternal hell.

When do the bambs start dropping that's what I want to know. Jim Rickards says it could be another 4 years.

When is Greece going to default.

Thu, 04/17/2014 - 09:28 | 4669162 piss pants
piss pants's picture

That colossal dbag Jim Cramer is pissed that the market is ignoring all the good news.  I shit you not, God save us.

Thu, 04/17/2014 - 09:29 | 4669169 agstacks
agstacks's picture

Uh oh, here comes the "vertical-down-formation" pattern. 

Thu, 04/17/2014 - 09:57 | 4669279 Iam_Silverman
Iam_Silverman's picture

So, everyone selling Yen to buy equities and UST's?

Thu, 04/17/2014 - 10:01 | 4669295 GFORCE
GFORCE's picture

Jim Cramer is a clown. He should be a high school Physics teacher or something.

Sun, 04/20/2014 - 10:38 | 4677128 fedupwhiteguy
fedupwhiteguy's picture

Happy 420 day, Bitchez!!

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