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Yesterday's Late-Day Buying Panic In Stocks Was The Biggest In 3 Years
Judging by the most liquid US equity market instrument - e-Mini S&P 500 futures - market participants have not been as exuberant buyers of stocks in three years. With AAII bulls at extremes vs bears, it seems this is anything but the most-hated rally of all time!
In the last 15 minutes yesterday, the liquidity imbalance in the S&P 500 futures was the largest in over 3 years...
Source: Nanex
Furthermore, JPMorgan's Spec Risk Indicator just hit its extremes...
Difference between net spec positions on US equities & rates - this indicator is derived by the difference between total CFTC spec positions in US equity futures (in $bn) scaled by open interest (in $bn) minus a duration weighted composite of UST futures and scaled by open interest. The US equity is an aggregate of the S&P500, Dow Jones, NASDAQ and their Mini index. The US rates series is duration weighted aggregate of the UST2YR, UST5YR, UST10YR, UST long bond & the UST Ultra long bond futures.
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Got to be the Central Banks using their trade incentives.
It looks like today may be better.
It's amazing what you can do with counterfeit money.
It's like sucking cents from a penny.
It was all from bernanke and yellens personal accounts.
"you do a good job, my pretty's, and I'll throw you several hard bones. What you do with them is of none of the NWO's concern."
melt up, they have lost control of the dollar and the market.
"It's like sucking cents from a penny."
I think you meant to say nonsense (Non-cents)...
Excellent indicator for a top; and we know it's a top in a market with no reality underneath it. It's going to be fun when the great ship goes down.
Another blowout tomorrow
While Grandman Yellen was blathering to the world yesterday, she had her finger strapped to the buy button!
And that was just one thing she had strapped on!
Where were her other fingers?
Buried to the second knuckle is my guess.
Rumor has it she was a champion bowler in her prime.
pods
Get it through your skulls that this will not end until they want it to!! Period! End of fuckin story!!
They want to make the DOTCOM look small. They'll keep pumping this mother up.
Bingo, it is not as if they don't know that everybody knows it's a sham. They know that they can get away with it no matter what. Much like obamao.
Algo bitch fight?
wait untill it becomes
algo bytch FLIGHT...
According to this market cap-to-GDP metric, the market is significantly overvalued:
http://www.gurufocus.com/stock-market-valuations.php
Then again, fundamentals don't seem to mean much these days.
FedFUBAR.
i'm waiting for earnings to get taken to the woodshed (and they will)
to see whether fundamentals matter
i'm waiting for earnings to get taken to the woodshed (and they will)
How will you know?
it's eazy to buy junk
with other peoples money
ask any ex wife
couldn't help myself ... the tulips were so purty ...
Listen. That "BUYING" panic thing "DOES" not get old. Still funnies.
Neither does the use of the word "extreme." Always a crowd favorite.
O.T. - Nigel Farage on CNBC has some interesting comments on the Scottish independence vote - in a nutshell - saying that many of the "Yes" crowd are rabid socialists who will adopt the Euro and join the EU if they win. Ick!
http://video.cnbc.com/gallery/?video=3000311901&play=1
Yellen lied so much about employment and inflation yesterday that it was a way to say "we still have your back" to the cotton candy spinning markets.
And the UK system isn't socialist?
one should be careful
not to confuse cotton candy
with spun fiber glass..
You haven't seen tomorrows triple witching BTFATH panic yet.
Obviously we're right back in LALA-LAND again.
Somewhere, somehow, there has to be consequences and punishment for slavish, craven yield-seeking HERD-FOLLOWING behaviour...
I didn't know we ever left LaLa Land.
Always; like night follows day. disaster finds the ignorant greedy unprepared and reaps them like wheat in a field. This current blow off, "all bull" top could be the one. there's always an "all bullish" blow off top before the rope that was holding the piano up breaks.
So the premise has been that the Fed printing money is what has caused this rally over the last few years. Who exactly is it that is buying stocks? Is it the Fed? Or is it banks that the Fed has given money to that are buying?
The point being, someone is holding a lot of very pricey stocks.
So when the market tanks violently to the down side some day, who is it that is going to be losing a lot of money? Is it the Fed? The banks?
Taxpayers, no doubt.
Taxpayers? I didn't know there were any left...not many in my neighbourood at least.
The Fed and the banks are essentially one and the same.
Remember Blankfein said he was doing GOD'S work!
These banks (seriously) are trying to save a dying currency. They are trying to get rich of course but do you really think they'd buy this market without 'encouragement'? They are obligated to do what is requested.
You;ve been told over and over again it's corporate buy-backs; that and automatic indexed funds paying in 401K contributions every month. Neither of these is systainable.
This is the robots way of flipping the bird to the DOJ.
Foreign money?
"Hot capital" nothing disappears faster than hot capital as soon as the bloom is off the rally.
With banks full of money, they are buying back their own stocks (as well as some other poor guys).
This is a fed created bubble.
Probably there is a news that interest rates will sharply rise or the QE will stop fast.