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Stocks Give Up Monday's Gains (But It's Still A Tuesday)

Tyler Durden's picture




 

Spanish (and now Italian - for the first time) bond yields are below 3% as Japanese investors pile into any and everything non-Japanese, dragging US Treasury yields lower - and thus US equities lower. JPY strength, however, has dragged USDJPY down towards 101.50 which means US equity futures have lost all of yesterday's gains. Of course, this weakness is merely proming the pump for another run at 102, igniting momentum for moar all-time-high dip buying and an 8th green Tuesday close in a row... (or not this time?) Gold is flat but silver and oil are moving higher.

JPY strength not helping stocks...

 

And yields are falling after yesterday's dead cat bounce...

 

Charts: Bloomberg

 

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Tue, 05/06/2014 - 09:11 | 4731459 PR Guy
PR Guy's picture

 

 

They need to understand what the word 'profit' actually means!

 

https://www.youtube.com/watch?v=7QPxDugs0Nw

Tue, 05/06/2014 - 09:14 | 4731477 101 years and c...
101 years and counting's picture

when everyone knows you buy on monday because tomorrow is tuesday is when tuesday turns bloody.

Tue, 05/06/2014 - 09:21 | 4731500 Groundhog Day
Groundhog Day's picture

So let me get this straight....The japanese are trying to buy anything but japanese....The chinese are trying to get out of dodge by buying Real estate all over the word.....the russian's are getting out their money out of russia.....US insiders are dumping their paper assets at the fastest rate in years (and probably offshore).....US companies are funneling their cash outsde of the US......

Yea This will end just dandy

Tue, 05/06/2014 - 11:42 | 4732054 PartysOver
PartysOver's picture

Big game of "Who's toilet will the turd flop"

If nobody wants to crap in their own outside then who's outhouse?   Personally, I am thinking 2nd or 3rd world country where the only direction is up.

There, that is my escape plan.  Only Q left is whihc country has the most protection for real estate owners.?

Tue, 05/06/2014 - 12:51 | 4732313 Bemused Observer
Bemused Observer's picture

Sounds like we should all just 'switch seats'. What's Beijing like this time of year?

Tue, 05/06/2014 - 10:26 | 4731784 Lewshine
Lewshine's picture

Yeah sure 101!! Keep banging your head waiting for the Fed to throw in the towel. They will hit the "fix" button by 2:00 pm est. We will close green (GUARANTEED), so CNBC can bark the phrase at close; "WE'VE COME OFF THE LOWS AND ARE ABOUT TO MAKE A NEW ALL TIME HIGH...AND OH LOOK, GOLD IS GETTING SMASHED ONCE AGAIN!!"

 

same movie - same ending!

Tue, 05/06/2014 - 09:21 | 4731504 Sudden Debt
Sudden Debt's picture

PROFIT: What the guy on the other side of the gun gives you minus expenses for the bullet.

http://img1.wikia.nocookie.net/__cb20120201164233/alcatraztv/images/2/2a...

Tue, 05/06/2014 - 09:11 | 4731464 thismarketisrigged
thismarketisrigged's picture

lets all give our predictions. what time does the dow and s&p turn green?

 

ill say 9:45

Tue, 05/06/2014 - 09:13 | 4731472 i_call_you_my_base
i_call_you_my_base's picture

1130. DOW +100 by 330.

Tue, 05/06/2014 - 09:17 | 4731479 Grande Tetons
Grande Tetons's picture

It is like Mutombo is standing above SP 1850.  

Guessing he is long bonds. 

Tue, 05/06/2014 - 09:14 | 4731475 FieldingMellish
FieldingMellish's picture

9:29:59

Tue, 05/06/2014 - 09:57 | 4731505 Dr. Engali
Dr. Engali's picture

My prediction is that the market will go down then up then down again...after a few rinse, lather, and repeats and some sideways action it will finish down for the day. Unless of course it finishes up then all bets are off. If it finishes sideways it's a push. Clear?

Tue, 05/06/2014 - 09:13 | 4731469 FieldingMellish
FieldingMellish's picture

USDX support at 79.30-79.40 broken. Lots of empty space to 73.

Tue, 05/06/2014 - 09:13 | 4731474 Dr. Engali
Dr. Engali's picture

It's early and the algos haven't had their coffee yet.

Tue, 05/06/2014 - 09:16 | 4731483 PR Guy
PR Guy's picture

No, the algos already sold before the market went down.

Tue, 05/06/2014 - 09:16 | 4731481 wagthetails
wagthetails's picture

BTFWar

Tue, 05/06/2014 - 09:16 | 4731484 marginnayan
marginnayan's picture

This is going to Reverse Tuesday. Watch & Learn. HeeHee....Hee...Heee....

Tue, 05/06/2014 - 09:23 | 4731513 slaughterer
slaughterer's picture

Dear Sirs, our NYU interns are working on the pre-market problem with USD/JPY and should have things fixed for the typical Terrific Tuesday by 9.29:29.  ES targt of 1929 still on for weeek.  Sincerely, your servant, KHen'

Tue, 05/06/2014 - 09:24 | 4731517 Seasmoke
Seasmoke's picture

How the Fuck is Gold flat today. Seriously !!!

Tue, 05/06/2014 - 09:26 | 4731523 SheepDog-One
SheepDog-One's picture

Step right into the casino folks! Don't worry, it's not 100% rigged by the mafia or anything! Step right up, bet red or black it don't matter everyones a WINNA on Terrific Tuesday here at the Scumbag Hotel and Casino!

Tue, 05/06/2014 - 09:46 | 4731604 MWizard
MWizard's picture

Interesting and new way of dealing with losses on financial markets

https://www.youtube.com/watch?v=Tws6oJU5IMY 

 

Tue, 05/06/2014 - 09:48 | 4731613 TheRideNeverEnds
TheRideNeverEnds's picture

*whisper* buyyy thee dippp

 

give it a few minutes, they will reverse this error of excess selling shortly.  

 

worst case scenario if they keep going down is we will get a late day 20+ point rally into a green close.  

Tue, 05/06/2014 - 09:51 | 4731622 A_Nejad
A_Nejad's picture

I am still not quite sure about "this" Tuesday though....

Tue, 05/06/2014 - 09:56 | 4731631 Billy Sol Estes
Billy Sol Estes's picture

Forest Oil and Sabine Oil announce merger, headquarters moved to Houston, FST up 30%.

Energy sector is alive and well.

Houston is littered with construction cranes around the energy corridor and the in progress Exxon campus north of town.

I can count 20 from my office window on the west side of town, not including Exxon in the Woodlands (I can't see that far).

GE bought out Lufkin

Schlumberger bought out Cameron

Recent Mustang/Wood Group merger

Saudi Aramco is paying big bucks to transfit their operations to be more Gas oriented and move into unconventionals

There will be a reset soon, but not in the next 3 years I'm willing to bet.

Tue, 05/06/2014 - 10:34 | 4731702 Eyeroller
Eyeroller's picture

Stocks starting to come back now.

The algos must have kicked in...

Tue, 05/06/2014 - 10:30 | 4731794 PlusTic
PlusTic's picture

algos in full-force in FX today...they are all over AUD/USD & GBP/USD

Tue, 05/06/2014 - 10:46 | 4731858 PR Guy
PR Guy's picture

 

 

"The algos" - sounds like some demented nano-robots that eat anything that is stupid enough to get in their way. Oh, wait........

 

 

Tue, 05/06/2014 - 11:01 | 4731913 GrinandBearit
GrinandBearit's picture

A red Tuesday?

I must be dreaming.

 

Tue, 05/06/2014 - 12:25 | 4732193 Soul Glow
Soul Glow's picture

But all the space monkeys have been saying stocks will go up, up, up!  Space monkeys, have you anything to say this Tuesday?

Tue, 05/06/2014 - 12:59 | 4732350 Conax
Conax's picture

U just wait for Wednesday buddY!

We'll be shittin in the high cotton on Wednesdays fum now on!

 Lulz

What a joke. Fascism sucks every day.

Tue, 05/06/2014 - 13:35 | 4732515 hustler etiquette
hustler etiquette's picture

When dreams become reality.  The May Massacre has arrived

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