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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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Fri, 08/08/2014 - 13:32 | 5066136 Slave
Slave's picture

#not rigged

Fri, 08/08/2014 - 13:37 | 5066161 Say What Again
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


Fri, 08/08/2014 - 13:38 | 5066177 ZeroPower
ZeroPower's picture

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

Fri, 08/08/2014 - 13:40 | 5066204 Say What Again
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.

Fri, 08/08/2014 - 13:48 | 5066280 max2205
max2205's picture

Nothing can keep down the money masters

Fri, 08/08/2014 - 13:57 | 5066348 Say What Again
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>

Fri, 08/08/2014 - 14:05 | 5066420 aVileRat
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.

Fri, 08/08/2014 - 14:30 | 5066582 rocker
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.

Fri, 08/08/2014 - 16:03 | 5067207 gh0atrider
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.

Fri, 08/08/2014 - 14:03 | 5066407 ebworthen
ebworthen's picture


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

Besides, the SEC works for Wall Street.

Fri, 08/08/2014 - 14:34 | 5066643 rocker
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.

Fri, 08/08/2014 - 14:22 | 5066547 Bossman1967
Bossman1967's picture

They are having lunch with Obama

Fri, 08/08/2014 - 13:32 | 5066140 Gandalf6900
Gandalf6900's picture


Fri, 08/08/2014 - 14:00 | 5066375 Say What Again
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

Fri, 08/08/2014 - 14:02 | 5066394 1000yrdstare
1000yrdstare's picture

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

Fri, 08/08/2014 - 14:07 | 5066438 Say What Again
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
Fri, 08/08/2014 - 14:06 | 5066423 ebworthen
ebworthen's picture

Ebola won't hurt the robot algos.

Skynet doesn't catch biological viruses.

Fri, 08/08/2014 - 16:15 | 5067285 maxamus
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?

Fri, 08/08/2014 - 13:34 | 5066148 SDRII
SDRII's picture

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

Fri, 08/08/2014 - 13:34 | 5066157 fonzannoon
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.

Fri, 08/08/2014 - 13:39 | 5066189 huggy_in_london
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.....


Fri, 08/08/2014 - 13:49 | 5066282 Say What Again
Say What Again's picture

Remind me again; what is CNBC?

Fri, 08/08/2014 - 13:44 | 5066241 ekm1
ekm1's picture

Zerohedge is becoming main stream now

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

Fri, 08/08/2014 - 13:47 | 5066275 fonzannoon
fonzannoon's picture

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

Fri, 08/08/2014 - 16:16 | 5067293 maxamus
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.

Fri, 08/08/2014 - 13:34 | 5066158 LawsofPhysics
LawsofPhysics's picture

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

Fri, 08/08/2014 - 14:01 | 5066390 Say What Again
Say What Again's picture

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

Fri, 08/08/2014 - 13:37 | 5066159 jubber
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

Fri, 08/08/2014 - 13:39 | 5066190 Itch
Itch's picture

Why what are you trying to win?

Fri, 08/08/2014 - 13:37 | 5066178 huggy_in_london
huggy_in_london's picture

Selling opportunity

Fri, 08/08/2014 - 13:40 | 5066195 Squid Viscous
Squid Viscous's picture

almost 40 handles since 5 am, batshit crazy

Fri, 08/08/2014 - 13:42 | 5066217 Baby Eating Dingo22
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?

Fri, 08/08/2014 - 13:42 | 5066220 jubber
jubber's picture

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

Fri, 08/08/2014 - 13:44 | 5066240 fonzannoon
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.

Fri, 08/08/2014 - 13:44 | 5066233 agstacks
agstacks's picture


Fri, 08/08/2014 - 13:45 | 5066252 Dr. Engali
Dr. Engali's picture

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

Fri, 08/08/2014 - 13:47 | 5066259 The worst trader
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!

Fri, 08/08/2014 - 13:52 | 5066260 TideFighter
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!

Fri, 08/08/2014 - 13:47 | 5066274 John McCloy
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.

Fri, 08/08/2014 - 13:59 | 5066367 NOTaREALmerican
NOTaREALmerican's picture

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

Fri, 08/08/2014 - 14:12 | 5066486 TabakLover
TabakLover's picture

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

Fri, 08/08/2014 - 14:15 | 5066499 Pure Evil
Pure Evil's picture

I just cut a smelly fart. Does that count?

Fri, 08/08/2014 - 13:51 | 5066306 Fuku Ben
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

Fri, 08/08/2014 - 14:03 | 5066408 SheepDog-One
SheepDog-One's picture

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

Fri, 08/08/2014 - 13:52 | 5066317 NEOSERF
NEOSERF's picture

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

Fri, 08/08/2014 - 13:53 | 5066318 tired_of_manipu...
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'. 

Fri, 08/08/2014 - 13:55 | 5066341 john milton
john milton's picture

seems like we need sovjet missiles in cuba again

Fri, 08/08/2014 - 14:24 | 5066563 madcows
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.

Fri, 08/08/2014 - 14:06 | 5066370 SheepDog-One
SheepDog-One's picture

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

Fri, 08/08/2014 - 14:03 | 5066396 Yen Cross
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%    

Fri, 08/08/2014 - 14:03 | 5066399 Latitude25
Latitude25's picture

No big surprise.  The ministry of propaganda issues statements and the ministry of finance drives the markets up.  Fascism at its finest

Fri, 08/08/2014 - 14:05 | 5066411 JDFX
JDFX's picture

When Russia Tweets, Markets move ! 


hmmmm, now if only they knew, eh... Good job they're honest enough to not exploit news releases, markets and er, money.







Fri, 08/08/2014 - 14:07 | 5066428 I Write Code
I Write Code's picture

I been telling youz guyz for weeks, Yellen must be watching the same kind of charts I am, Dow is now on the 200ma and the intermediate-term trend and volatility indicators are now on neutral, Fed had to bump the Dow today to keep it from going negative.

To subscribe to my newsletter please send stacks of gold, silver, or yazidicoin to my undisclosed location.

Fri, 08/08/2014 - 14:10 | 5066460 Yen Cross
Yen Cross's picture

  I'm Dennis Gartman, and I approve this message...

Fri, 08/08/2014 - 14:08 | 5066445 rubearish10
rubearish10's picture

What many are overlooking is that Pootin and Obumma have a golf holiday coming up next week and they needed to clean their plates!

Fri, 08/08/2014 - 14:11 | 5066472 thismarketisrigged
thismarketisrigged's picture

 u would think there are no fucking jackass dumb enough to want to fucking put money into rigged piece of shit market going into a weekend with so many fucking conflicts going on around the world, yet sure enough, here we are on a fucking friday and this shit all the sudden surges to the highs of the days and wipes out all of the losses from the previous 2 days.


i dont think the ''market'' should be down due to iraq, it should be fucking down significantly because we are in a fucking recession soon to become depression

Fri, 08/08/2014 - 14:15 | 5066507 nosoeawe
nosoeawe's picture

Whats the over / under yellen the white haired gremlin has a stroke this weekend?


Fri, 08/08/2014 - 14:17 | 5066519 sbenard
sbenard's picture

Since when does non-continuance constitute a "de-escalation"? This is just further evidence that central bankers have created a culture on Wall St of dismissing risk!

Fri, 08/08/2014 - 14:23 | 5066552 madcows
madcows's picture

Apparently Friday IS the new Tuesday.  Wish I got insider trader memo.

Fri, 08/08/2014 - 14:29 | 5066590 jubber
jubber's picture

really how can Brent close down $2 from the HOD with all this shit going on, everything is fucking rigged, Gold also down, Silver also down  just total manipulation across fucking everything

Fri, 08/08/2014 - 15:15 | 5066862 kianator
kianator's picture

Will somebody please pull up a chart for the S&P and DOW!  The market has been way oversold on the hourly charts all week.  Just a lot of technical short-covering to old news....

Fri, 08/08/2014 - 15:23 | 5066915 valley chick
valley chick's picture

Hmmm...Putin has been quiet today...could he be waiting till after the close before any comments?

Fri, 08/08/2014 - 15:34 | 5066988 jubber
jubber's picture

no respite all day and still rising, what a Pig of a day

Fri, 08/08/2014 - 15:44 | 5067051 Bumbu Sauce
Bumbu Sauce's picture

Lewis Carroll on snowman blotter.

Fri, 08/08/2014 - 15:47 | 5067085 nosoeawe
nosoeawe's picture

i traded the zero hedge effect today. first article that went out - i bought SDS puts. Just sold them for a hefty profit. 

forget about t&a, all you need to do is buy when zero hedge puts out it's market commentary and sell end-of-day.

as good, if not better than the reliable USD/JPY carry trade.


Thanks Zero!

Fri, 08/08/2014 - 15:56 | 5067145 jubber
jubber's picture

no profit taking going into the close whatsoever? really going out at the high of the days on a Friday with the possibility of anything going tits up this Weekend How rigged is that, squeeze to the closing print


Fri, 08/08/2014 - 16:06 | 5067225 jubber
jubber's picture

...and like magic the Nikkei regains 15000 at the close, no script here today.

Fri, 08/08/2014 - 19:43 | 5068150 exomike
exomike's picture

They done gone 'n skeered 'em selves.

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