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Post-European Close Buying-Panic Lifts Dow Green For 2014
Despite European weakness, US equity investors decided bailing out BES with taxpayer money means BTFD. As soon as Europe closed, VIX was monkey-hammered lower and stocks took off, first running today's stops, then Friday's highs, then pressing all major indices into the green for August. Notably, "most shorted" stocks were sold hard early on and that provided the ammo for the bounce. VIX was clubbed over 2 vols lower back under 15 as EURJPY became all the fun-durr-mentals stocks needed to surge. Treasury yields rose as stocks rose but 10Y ended the day -0.5bps (30Y +1.5bps). The USD flatlined as modest EUR weakness was offset by GBP/AUD strength. PMs slipped lower as oil and copper gained. Credit markets rallied along with VIX. The Dow closed unch for 2014.
Stocks back into the green for August...
and Lifted the Dow green for 2014...
But US stocks remain red from Thursday's European close - when BES news started to leak...
As "most shorted" stocks were squeezed as Europe closed...
VIX and Stocks...
EURJPY and Stocks...
Treasuries ended unch in general weakennig after Europe closed...
Commity markets were split with oil and copper gaining but PMs lagging (driven by weakness at the European close)
Charts: Bloomberg
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Total Chinese Reserves Reach 15,000 Tonnes
https://www.bullionstar.com/article/chinese%20gold%20demand%201063%20mt%...
Central Bank engineered BS.
you mean zero hedge engineered. as soon as the first negative market commentary came out this morning the algos bought the market immediately afterwards.
zero hedge is the ultimate contrarian indicator.
It's all Bullshit!!!
My feeling is short any pop at the open tomorrow.......the slide ain't over.
Agreed. The only caveat is if a gap open is large enough, institutional sellers may wait until the 20 DMAs in a few of the indices to re-sell.
Today’s session seemed more ‘postmodern’ than “post-European”, with a fair amount of pastiche, irony, hyper-reality, and a lack of an overarching narrative – more Robert Coover than James Joyce …
todays session was nothing but a good old fashioned short squeeze...
Note the late aapl sell-off. Cramer & CNBC spent all day calling the bottom.
Elsewhere: is Hannity next to be blacklisted from UK?
http://tinyurl.com/nsrz8ao
Oh yeah... And taper is a fact....
Your taxpayer $s hard at work with the PPT.
My last pay check was $9500 working 12 hours a week online. My sisters friend has been averaging 15k for months now and she works about 20 hours a week. I can't believe how easy it was once I tried it out. This is what I do... http://goo.gl/bhiamE
After reading 6 lines in you disclosure, it seems you charge people 3,6 dollars a day after a 7 day "trial" without a easy exit.
Now what is that about? That's fraud you know?
You pray on people in trouble and have no problem ripping them off even more?
What are you?
Your sister has no gag reflex.
Peddling your sister online - it doesn't get much worse than that.
The only thing lifting stocks is the corporates borrowing money to buy back their own stocks..let's cut he shit here.... and Yellen
monkey-hammered, i love that term, its so befitting to describe something as being wildly pounded with crazy psycho animal ferver; screaming monkey noises echo all round, 'Cheetah' is on meth.
This is all so absurd. Rod Serling from the Twilight Zone would really be impressed with the insanity of our markets.
Truly this is all from the "Twilight Zone."
My that "Escalated" quickly !!
OH and where is my Bonus chart, so I can see where I've been.
It's giving me a good chuckle watching the deck chairs move around