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Terrible Tuesday - Trannies Tumble To Red For June
Something went horribly wrong. The Dow had almost its worst Tuesday in 8 months and Treasuries their best Tuesday of the year as once the data-sparked, POMO-driven short-squeeze had run its course stocks flatlined, tumbled at the 2Y auction, the dumped around 1500ET. VIX was no help whatsoever. Trannies gave up all their gains for the month of June. Various reasons were offered for the weakness, from Dubai's weakness, Ukraine's cease-fire cessation to Syria-Iraq escalation but it appears more likely just algos ran out of stops to run and shorts to squeeze amid the plethora of 'complacent' risk indicators we have shown. Treasury yields had been dropping modestly but as the 2Y showed modest strength, so the rates complex legged lower in yield (down 3 to 5bps) and dragged USDJPY and stocks with it. The USD pushed modestly higher to unch for the week (though JPY strngth back to 102 dragged stocks lower). Commodities in general closed unch (with WTI down 0.2%) but gold and silver saw European buying early on. Stocks close at their lows with the Dow's worst day in 5 weeks... "most shorted" stock had their best day in 7 weeks.
Tuesday is the new Friday
Almost the Dow's worst Tuesday in 8 months...
Treasuries best Tuesday of the year...
The tale of the tape...
Which leaves Trannies red for June...
VIX was no help...
As the early short squeeze turned into ugliness for the "most shorted" stocks...
Which left "most shorted" stocks with their best (biggest loss) day in 7 weeks...
USDJPY and Treasuries clung together with 102.00 as the key level once again...
Commodities were quiet...after some buying in PMs in Europe
Charts: Bloomberg
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Happy Hour?
Today was really fun. Where should we go for happy hour?
i'M BUYING!
Stocks are OK. Real Estate is OK. Most normal investments are OK. But, maintain liquidity too!
Liquidity..., it's more than cash in the bank!
"Alt Liquidity: Gold, CA$H and Bitcoin"
http://goo.gl/cfk7gy
lame attempt edit
Tyler, due to Political Correctness concerns we may have to call DHS on you to raid your home.
If you are referring to the "Dow Transports" that must be specified in the title.
Otherwsie you are inferring that all transexuals are communists and unable to serve valiantly as a US Ambassador (per your John Vietnam War Hero and War Resister Kerry thread) or as a future general in our military under the 1st RuPaul Moody and Bitchy Batallion.
Cool Man....I will have a long Island Iced Tea and a roofie
That should turn off the brain
Bernanke " Green Shoots "
Yellen. " Noise "
I'll buy the second round.
GDP<-2.0? meaning better than expected
GDP>-2.0? meaning worse than expected.
Tomorrow's the latest GDP rejiggering. Place your bets.
I'll bet a Glenn Greenwald the imminent release has a greater affect.
Q2 GDP<-2.0 meaning worse than expected.
Q2 GDP>-2.0 meaning better than expected
Seems you have some problems in school...
Bad news is good news, silly.
Get with the program, already!
ah,ok new normal=)
ah,ok new normal=)
They just did this to fuck up the bullish Tuesday meme around here.
Question is, which front-runners new in advance, and which found out the hard way?
Yup. Q's are already up AH. This was a joke to give the appearance of a 2 way market. Up higher into Quarter End. People get worked up and "market" has barely suffered a scratch.
there was no sell-off at the openning, so markets (aspecially NASDAQ) went deeply over-bought today. that was a no brainer.
Can't even get a 1% correction. Wake me up when we do.
So true....but sometimes when you (everyone) least expect(s) it. Boom! We will see.
stupid market
BFD...Trannies dumped a whopping .85%. I think ZH is really reaching here.
I've been following The Nikkei as suggested by Forex Kong.....
This guy MUST work at a Central Bank or somewhere "inside" as...I can't grab the high speed twists and turns / but the big profit trades just keep coming from this nut.
Suggestion is that The Nikkei lead the turn downward back in 2007 ....and once again is "one full wave ahead" of the ponzi gong show in the U.S.
Trading currency and looking for a GURU? Wow.
http://www.forexkong.net/getting-started-start-here/
Can't believe those pussies haven't pushed the DOW over 17,000.
Hitch up the skirts.
The game is afoot.
Now that Yellen is being consistent with ending QE, it's switched to interest rates.
Promising ZIRP but without the jiggering of QE means it's going to be a "play the rate" game for a while.
that was a nearly perfect short...
time to BTFD!
Hello Plunge Protection Team ? The SNOWBALL is rolling down the
Hill ! Activate the SPIN Doctors ! I repeat the codeword "SNOWBALL" ! CALL all the Bankster Risk managers tonight, and tell them the codeword is now "SNOWBALL" and not "AVALANCHE" ! YET !
i watched the phony paper price of Silver trade all day round the $21 mark while the MoneyChangers attempted time and again to push it below at the annointed hours in London, NY, and finally in the "no one is selling any Silver" Globex where the made their last stand before expiry...
what a fucking joke....
http://www.kitco.com/charts/livesilver.html
thanks assholes...got my finger on the trippger over at APMEX...
cya
bought some weekly dow 17k calls cheaply there, sure they will make another attempt
Banks need trading profits, trading profits aren't realized without volume, volume is not generated without vol. You need to orchestrate an increase in vol to boost trading profits at this time.
It was because of Chelsea Clinton's interview.
Someone spot me a 20 I need to buy back in
this is the dip we've been waiting for
This is not the dip you are waiting for. (he says with a wave of the hand)
Move along.
Inflation-adjusted Dow for today
http://www.showrealhist.com/recDJIAtoRD.html
It is 5.5% above its average for the month of January 2000 -- which was 14-plus years ago!
Inflation-UNadjusted will really get you conned!
I hope this does indeed represent a failure of manipulation attempts. And if so, then I also hope it goes on a little while instead of crashing quickly.
I want to watch the progress in the faces and voices of TPTB. I want to see a sweaty, cheesy-faced Yellen as she tries to explain what's going on. I want to see Obama, hair now gone completely white and looking like Nelson Mandela, try to explain THIS economic crisis to the American people.
I want to see the 'clown show' as various members of Congress try to blame the other side for everything. And I want to watch the Democrat and Republican talking heads bring up everything from gay rights to state succession in an attempt to steer the conversation to ANYTHING but the economy.
I want to see those things. And I want to see the progression over time as they try, and fail, again and again. I want to see the panic at that moment they realize the game is over.
THEN the market can crash to the ground, and put them out of their misery.
hmm. EQ sales Thurs morning settle Jul1st. Very soon it will be new quarter, new game. It's been a good run since Apr. 11th. The pension fundies who want to exit have to wait for the print at 4 pm London on Monday, right? It takes steel to sell "too soon" and have to admit you miss-timed the quarter close. (Wouldn"t take much though in this market to be sure the month end is lower than tomorrow's exit. Let's get every bit of bad news out there over the weekend.)
I think its worth pointing out that the Asian crisis in 1998 started over June quarter close. Weirdly the Thai Baht strengthened into the close, then BAM! Gotta finesse that last 1%, wrong-foot the muppets. ME currencies are fixed rate. Like the old days. I am willing to bet forwards have vanished, no matter what the screens say.
Daddy, what's a Tranny?