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Tepper Tantrum

Tyler Durden's picture




 

From record-high exuberance to reality-soaked dysphoria in 2 short days... if you listen carefully, a million asset-gethering talking heads are screaming for a Tepper retraction...

 

 

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Thu, 05/15/2014 - 10:23 | 4762470 Dr. Engali
Dr. Engali's picture

" if you listen carefully, a million asset-gethering talking heads are screaming for a tepper retraction"......

 

Or.... if they were position correctly, they are laughing their asses off right now at all the "experts".

Thu, 05/15/2014 - 10:27 | 4762481 OC Sure
OC Sure's picture

 

 

Uncertainty is unacceptable.

 

http://www.zerohedge.com/news/2014-04-28/key-events-coming-very-busy-wee...

Mon, 04/28/2014 - 09:15

"The 30 year nearby bottomed around 128 in December.

The next leg up begins in earnest next month.

Watch the line drawn from the weekly tops in 2012 and 2013."

 

http://www.zerohedge.com/news/2014-05-08/yellen-testifies-senate-live-we...

Thu, 05/08/2014 - 10:02

"But this year, "sell in May and go away" is the year that old saw has sharpened teeth."

Thu, 05/15/2014 - 10:37 | 4762531 power steering
power steering's picture

Hedgies standing their Tepper-pedic mattresses against the windows

Thu, 05/15/2014 - 10:30 | 4762494 insanelysane
insanelysane's picture

Not that it can be precisely measured but a graph of the divergence between actual living conditions for 90% of the population and the MSM/GOV reported living conditions can only spread so much.

Thu, 05/15/2014 - 11:04 | 4762641 Eireann go Brach
Eireann go Brach's picture

Don't give that fat fucking fucker any credit!

Thu, 05/15/2014 - 10:23 | 4762471 Eyeroller
Eyeroller's picture

This is good news, sheeple.

Great opportunity today to BTFD.

Thu, 05/15/2014 - 10:28 | 4762483 Glasnost
Glasnost's picture

Probably market will stage a tiny rally soon.  The move is a bit exhaustive, although not extensively.  But the H&S pattern in the Russell has already begun to break down.  Can QEternity save the russell again?  Or do we get that overdue intermediate correction?

Thu, 05/15/2014 - 10:39 | 4762533 Panafrican Funk...
Panafrican Funktron Robot's picture

This week in general is pretty light on QE, next week will be substantially heavier, especially early.

http://www.newyorkfed.org/markets/tot_operation_schedule.html

It's noteworthy that, in addition to it being Tuesday, the 20th will also have a pretty large buy.  Generally, the buying seems heavier the last two weeks of May.

Thu, 05/15/2014 - 11:18 | 4762571 cowdiddly
cowdiddly's picture

Oh, May 20th. Thats also the day that Putin visits China and the Saudi Princes diplomatic mission is scheduled with................................Iran.

Hey wait, I thought you guys hated each other? You know the old sunni shihite old sckool, new sckool thingy where you guys don't want to look at your ugly women's faces but the other does?

I know stuck in middle kingdom and all, but would you guys just pick a side so we can get this party rockin? My Snap card only has 3 more months and after 6 years, I can't hold out much longer.

Thu, 05/15/2014 - 10:55 | 4762611 AccreditedEYE
AccreditedEYE's picture

Exactly. CNBS always finds a new way to spin "the world is ending" and get fools to hand more money over to hedge funds. We aren't even down 150 bps and people are getting emotional. If you need clarity, look how close we are to "all-time highs". Just Buy The F-ing Dip.

Thu, 05/15/2014 - 10:26 | 4762479 oklaboy
oklaboy's picture

Cramer's EKG?

Thu, 05/15/2014 - 10:26 | 4762480 elwind45
elwind45's picture

OH SNAP

Thu, 05/15/2014 - 10:27 | 4762482 JJdog
JJdog's picture

Tepper? Is Mr. QE Taper's brother? 

Thu, 05/15/2014 - 10:28 | 4762486 Bill of Rights
Bill of Rights's picture

Jaw dropping heat map

 

http://investmentresearchdynamics.com/wp-content/uploads/2014/05/Untitle...

 

Not working and not paying is in vogue Hence the numbers look rosy

Thu, 05/15/2014 - 12:28 | 4762967 venturen
venturen's picture

the bonus....No property taxes either! 

Thu, 05/15/2014 - 13:09 | 4763131 Pool Shark
Pool Shark's picture

 

 

And, no income taxes if you choose Florida as your 'home' to default in!

Thu, 05/15/2014 - 10:28 | 4762489 SheepDog-One
SheepDog-One's picture

This problem seems easy enough to solve, the Fed can just declare every day is named 'Tuesday' from now on.

Thu, 05/15/2014 - 10:31 | 4762499 FiatFapper
FiatFapper's picture

It's a fakey - why did they not do this risk-off move yesterday when they could have collected triple-rollover for carry-trades?

Thu, 05/15/2014 - 10:31 | 4762500 Leveraged Algorithm
Leveraged Algorithm's picture

But, but this is part of the SNAP program....

Thu, 05/15/2014 - 11:01 | 4762503 CaptainSpaulding
CaptainSpaulding's picture

Pound the table. That usually helps. Just don't knock over the coffee.

Thu, 05/15/2014 - 10:33 | 4762512 elwind45
elwind45's picture

Everyone has been scared off Bonds for 6 years and yet this Moron assumes that there are massive sellers waiting to dump HOT FUCKING AIR on to the Fed? You did notice FUCKING PUTIN DUMP HIS TREASURIES BY. HIM.SELF! you do realize that the blackeye peas is not just will.I.am? And CHINA let your majorist meme FUCKING PASS?

Thu, 05/15/2014 - 10:36 | 4762521 bardot63
bardot63's picture

I predicted last night at the first ZH article that Tepper would be walking back his comments on CNBLewinsky this morning.  Looks as tho I was off by a few hours.

Thu, 05/15/2014 - 10:37 | 4762530 Savvy
Savvy's picture

Look at ZH this morning! WTF?

 

Dumps
Declines
Plunges
Breaks
Tumbles
Plunges
Breaks
Tumbles
Disappointing
Misses

Thu, 05/15/2014 - 10:46 | 4762567 power steering
power steering's picture

How else you goiung to get a dip to buy?

Thu, 05/15/2014 - 10:44 | 4762549 Agent P
Agent P's picture

The balls are definitely off the wall. 

Thu, 05/15/2014 - 11:56 | 4762809 NotApplicable
NotApplicable's picture

Question is, are they dangly, or fully retracted?

Thu, 05/15/2014 - 10:44 | 4762550 Wahooo
Wahooo's picture

It's Tuesday somewhere.

Thu, 05/15/2014 - 10:46 | 4762565 youngman
youngman's picture

This is a battle between the Bonds and the Stocks....who is right???  Who is going to win???

Thu, 05/15/2014 - 13:12 | 4763148 Pool Shark
Pool Shark's picture

 

 

Bonds always get it right... eventually.

Thu, 05/15/2014 - 10:56 | 4762613 Gaius Frakkin' ...
Gaius Frakkin' Baltar's picture

Bipolar USSA

Thu, 05/15/2014 - 10:59 | 4762626 rosiescenario
rosiescenario's picture

GS is just chuming the water to bring in some new shorts for a later squeeze.

Thu, 05/15/2014 - 11:12 | 4762665 orangegeek
orangegeek's picture

Look - it's a toilet seat!!

Thu, 05/15/2014 - 11:13 | 4762670 ptoemmes
ptoemmes's picture

I felt a great disturbance in the Force, as if millions of voices suddenly cried out in terror and were suddenly silenced. I fear something terrible has happened.

http://www.youtube.com/watch?v=UA0kNGaYrtg
Thu, 05/15/2014 - 13:23 | 4763191 messystateofaffairs
messystateofaffairs's picture

They have every right to cry out in terror, lets hope they are not suddenly silenced. (Except by the MSM)

Thu, 05/15/2014 - 11:37 | 4762746 assistedliving
assistedliving's picture

at least 'all hail the Tepper' brings out something to read here

Thu, 05/15/2014 - 11:53 | 4762794 q99x2
q99x2's picture

Go Steelers.

Thu, 05/15/2014 - 14:36 | 4763479 Son of Captain Nemo
Son of Captain Nemo's picture

listen to "Tommy" Tepper...  ONLY USD will save you!!!....

http://finance.yahoo.com/news/appaloosa-tepper-says-hold-cash-132021064....

 

Thu, 05/15/2014 - 15:11 | 4763623 Mi Naem
Mi Naem's picture

I just came here to post that, Son. 

Here's the (head)line I enjoyed:

"David Tepper, founder of $20 billion hedge-fund firm Appaloosa Management, said he's nervous about markets as the U.S. economy isn't growing fast enough amid complacency by the Federal Reserve."

So, I guess we need mo' money printing! 

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