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

Your rating: None

- advertisements -

Comment viewing options

Select your preferred way to display the comments and click "Save settings" to activate your changes.
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%    

Do NOT follow this link or you will be banned from the site!