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How ISM's Data Manipulation Resulted In A 150 Point Swing In Japanese Stocks
US equities dipped after the initial ISM data (and construction spending miss) as did USDJPY but soon after things began to levitate in their new normal manner as bad news is clearly pent-up good news in the future. By the time the ISM admitted its error - the US equity markets had recovered back to unchanged from 10ET's initial print. But what was really moving - since in our new normal world, a shift in the butterfly's wings of US ISM (seasonally adjusted) causing a hurricane (or Tsunami) in stock markets across the world, Japan's Nikkei 225 swung from low to high by over 150 points as the carry-trading algo monkeys reacted to every conflicting headline (and broke BATS).
The Dow had quite a day of selling, magical levitation and then stability...
But the Japanese stock market really shone on its high-beta muppetry...
Meanwhile - bonds have not given back their losses (yet) on the weaker than expected final ISM data...
Charts: Bloomberg
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Can I Seasonally Adjust Mini Me's size and stamina? Just asking.
And will the intellectually challenged babes believe it?
In the winter many people gain 5-6 lbs and by summer they generally lose the same amount.
So you see, everyones ass can be seasonally adjusted.
Have you seen any of the land whales walking around the beach during the summer? The only thing they lose is the ability to see or use their penis.
Cause and effect.
Step 1- Release data.
Step 2- Revise data until stawks turn green.
which release or revision was leaked?
One thing is clear from this blatant self-exposing manipulation - one of the TBTF banks "owns" the ISM report. Most likely it's the one that is suffering the most in their treasury short with less than 3 weeks to go into options expirations. Perhaps their off-balance derivative bets were going to bring them under and something drastic and stupid had to be done.
So which bank "owns" the Reuters/UMich confidence number? Which bank "owns" the PMIs?
I mean, if you own the HFT, you own the exchanges, you own the media dropboxes, you might as well "own" the data fudgers.
If there was a fragment of justice in this turd of a political/financial system, it would take very little to unmask this charade - wiretapping the swinging d*cks and the data fudgers and connect the dots.
This market would go down 50% in a hurry without all this. Possibly more.
Best be careful or else they might scramble the robot's brains.
http://youtu.be/cp8dt2lRwi8
Maybe the ISM could make it standard practice each month to revise the data many times and illustrate how broken the markets really are. Maybe the revisions (upward and downward) could be released and fed to the markets every few milliseconds (a.k.a. HFT) . Watch the algos implode. Brilliant!
ISM_FUBAR.
"(and broke BATS)"
Wouldn't it be more efficient if BATS sent out messages whent they aren't broke?
Bankers aren't required to have their government tell anybody anything. They can say anything they want. It all their money. They run the presses and the media. You don't. Fuck you. go take over your own world and leave theirs alone.
Fortunately the Q99X2 don't have to worry about suck things.
You misspelled banksters.
Another PHD in pencil whipping charts.