Market Surges To New Highs On 4 Day Old News

Tyler Durden's picture

US equity markets are surging back to pre-geopoltical risk highs on the back of a headline proclaiming Russia's military drill over...


The sheer idiocy of this move is that it was announced back on Monday that the drill would end Friday, just as was reported here and everywhere.

"more than 100 planes and helicopters would take part in the maneuvers from Monday until Friday in its central and western districts."  

This is in no way a de-escalation - in fact, had Russia continued the exercise that would have been a clear provocation. But as usual Johnny 5 ignites momentum first, finds out he never actually read between the original lines, and asks questions never.



Treasury yields remain notably more concerned...


Charts: Bloomberg

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Say What Again's picture

Once again there were significantly LARGE trade-size events in the BEAR ETFs a few minutes prior to the market move.  That makes 3 times this week. 

Where is the SEC?

12:42:30 -- Large Trade Size in SDS

13:14:00 -- Major sell-off begins


ZeroPower's picture

Probably a basket rebalancing, not every large print 'means something' FYI.

Say What Again's picture

@ZP -- Perhaps, but in all 3 instances, the large print goes off a few minutes prior to the event.  And if there were no correlation, then how com we don't get any large prints AFTER the event? 

I ran out of tin-foil, so I may need to go to the grocery store before the day is over.

max2205's picture

Nothing can keep down the money masters

Say What Again's picture

It just occurred to me that everyone has been complaining about the low volatility in the market. 

Maybe someone is doing something about that problem?  </sarc>

aVileRat's picture

Not everything is a ZOG plot. There were lots of people short (myself included) who were going into this with downside protection on.

rocker's picture

Bob Pissonmee said it is all about the geopolitcal news line. You are right, there are many shorts.

That's how they melt "up" the markets, burning shorts. The only reason they let it go down is because

they could not find anymore suckers to buy in. The ZOG controls all, in either direction and when.   

My favorite line, "Nobody can time the market". Do we need any more proof of who controls what.

gh0atrider's picture

We are seeing strong correlation across risk assets and further compression of yields.  It is therefore gh0atrider's recommendation that you buy Bitcoin.

ebworthen's picture


Can't prosecute a robot algo run by the big banksters.

Besides, the SEC works for Wall Street.

rocker's picture

You get best intelligent comment for me. You know who and how. 

Never forget, Goldman has that special software that changes algo output and in the wrong hands can manipulate markets.

Bossman1967's picture

They are having lunch with Obama

Say What Again's picture

The market rallies on 4-Day old news about Russia, but does nothing when they hear that there's a new strain of Ebola that will have a negative impact on the economy.

Go figure

1000yrdstare's picture

I keep hearing this word  "Market" being thrown around, what is this word you speak of?

Say What Again's picture

I understand the confusion.  "Market" is an old deprecated term one rarely sees these days.

Middle English, probably from Continental Germanic; akin to Old Saxon markat marketplace, Old High German marc?t, both ultimately from Latin mercatus trade, marketplace, from mercari to trade, from merc-, merx merchandise

First Known Use: 12th century I do need to update my vocabulary
ebworthen's picture

Ebola won't hurt the robot algos.

Skynet doesn't catch biological viruses.

maxamus's picture

Mabye because the Ebola scare is just that, a scare?  Because, in reality, it won't affect the US and most of the rest of the world.  You know, like mad cow was going to kill us all, SARS, avian flu, etc....


Why did you buy in to the media hype machine?

SDRII's picture

And the rebel leadership handoff was announced yesterday am. Efficient market and all.

fonzannoon's picture

I like how cnbc brings this corpse Art Cashman out to tell us the market went up because the market went up after the market went up.

huggy_in_london's picture

The guy is just a blabbering invalid.  The sh!t that comes out of his mouth is just plain embarassing.  "its all about ukraine" ... funny, i didn't hear such emphasis on ukraine earlier in the week.....


ekm1's picture

Zerohedge is becoming main stream now

The very title of the post implies that "market" moves only on news.

fonzannoon's picture

but their point about "johnny 5" is that the computers were the only ones moving, being triggered by stale news.

maxamus's picture

I'm glad you see that as well, I've said that every time I see Art, gee, he's now here to tell us what happened and then to tell us the market might go up or down now.

LawsofPhysics's picture

"New Highs", wait, did we go past 17,000 again...?

Say What Again's picture

I think they were referring to those young kids behind the school yard in Colorado.

jubber's picture

guess that wiped out a few shorts Dow futures only up 268 points from the overnight low S&P just up 33, and of course that move just yanked the DAX futures that had broken KEY levels of 9000 AH striaght back up to 9067, rigged you can't win

Itch's picture

Why what are you trying to win?

huggy_in_london's picture

Selling opportunity

Squid Viscous's picture

almost 40 handles since 5 am, batshit crazy

Baby Eating Dingo22's picture

Maybe we took out ISIS trading cave?

They were all shorts

All these false flags can make one uneasy

Can't we just skip the dips and just BTFATH every day?

jubber's picture

So what should have been a Black Friday becomes Green Friday , unreal

fonzannoon's picture

hmm i vaguely remember someone on here this am calling for a black friday. i'm guessing he is banging his head against something right now.

agstacks's picture


Dr. Engali's picture

Whatever you do don't interrupt Kelly and Michael with important breaking news:

The worst trader's picture

All is well no need to worry...........Obumfuck has our backs! BULLISH! BTFD AND BTFATH that is all have a nice weekend!

TideFighter's picture

Breaking NEWS!! Julius Caesar ASSASSINATED!!!  BUY! BUY! The US Stock Market...backed by the full faith and credit by the US Governme....HEY! Wait a minute!

John McCloy's picture

   I am so sick and fucking tired of this nonsense day in and out... the complacency and upward bias..the bullshit..the lies...the propaganda... literally gives me TERRIBLE thoughts.

NOTaREALmerican's picture

Dude,  you need to embrace the bullshit.   And, you must become one with your inner asshole.  

TabakLover's picture

If you "embrassed the bullshit" last 10 days or got creamed.

Pure Evil's picture

I just cut a smelly fart. Does that count?

Fuku Ben's picture

Go with the flow

USA Friday's have been quite profitable for those of us that have faith in the fraud continuing

SheepDog-One's picture

Monday Thursday Tuesday Friday Saturday.....does any day matter? UP!

NEOSERF's picture

This is pretty much what I would say the night before launching tanks over the border...

tired_of_manipulation's picture

Looks like this morning was the capitulation, all ahead flank to 2000 on the S&P. Seeing action like this makes me expect some disastrous news this weekend. After the bell of course. And another big rally on Monday for no reason other than that 'the bad news is out and now priced in'. 

john milton's picture

seems like we need sovjet missiles in cuba again

madcows's picture

why spend money building missiles in cuba when they can just fly bombers and fighters into our airspace?  Puddin's no dummy.  Save the money, AND kick the hornets nest.

SheepDog-One's picture

New highs? How are you figuring that? Anytime any index is green it's a 'new high'?

Yen Cross's picture

Would the PPT please report to the @200 day avg. ASAP.

 Maybe this got leaked early.

18:30       CNY         Chinese CPI (YoY)                  2.3%     2.3%      
18:30       CNY         Chinese CPI (MoM)                 0.1%     -0.1%      
18:30       CNY         Chinese PPI (YoY)                 -0.9%     -1.1%