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And The Market Closes Unchanged... Literally
An ugly and very heavy volume flush into the European close was followed by the kind of miraculous v-shaped low volume recovery traders have become used to in US equity markets. Having broken below several key technical levels, high beta Russell and Trannies soared (fortgetful it seems that Europe will once again open for business in about 8 hours) to close comfortably in the green on the day. VIX was rammed lower (under 16) to support the exuberance along with EURJPY and AUDJPY. The USDollar faded to close unchanged on the week. Gold flatlined while silver slipped. Oil collapsed early on only to v-shape recover to close modestly higher on the day. Treasury yields bounced 3-5bps higher (after yesterday's huge plunge) but remain 7-10bps down on the week. By the close, The Russell 2000 had its best day in 6 weeks and the S&P's buying-panic scramble to perfectly unchanged - miraculously avoiding the 4-day losing streak not seen since Sept 2013.
UNCH!
V-shaped recovery... A post-European close buying-panic drags the S&P 500 to perfectly unchanged - to the penny!! and saves it from a 4-day losing streak not seen since Sept 2013.
With Homebuilders leading and Energy lagging...
as "most shorted" stocks were squeezed hard once again...
Helped by VIX
And AUDJPY and EURJPY...
Treasury yields bounced but remain well lower on the week...
The Dollar faded (as EUR strengthened on Draghi's disappointing performance) back to unch on the week...
Gold flatlined despite the USD weakness but oil cratered early (again) along with silver (again) only to v-shape recover later on...
WTI Crude futures saw heavy volume selling in yesterday's dump but the early Europe session's collapse was marginal volume at best and by mid-day Europe, crude was resurging
Charts: Bloomberg
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You expected...something otherwise, perhaps?
Have we not been paying attention since March 2009?
"The Russell 2000 had its best day in 6 weeks"
It's on now. S&P 2100 by Dec 31st even if we are all vomiting our kidneys out our assholes.
Thanks for that optic, Fonz.
2015 will be the year that they ban "pull my finger" and the word "shart" is removed from our lexicon.
pods
s&P 2100 and the 10y at what? lets say 2.0? usd/yen at 115? gold and silver flat. i am just throwing darts at this point. i am a broken horse
*
SPY 2,075
10yr 2.9%
Usd/yen 112
Gold $1.125
Solver $16.25
* - in all honesty if ebola is the real deal forget it all.
oil $80 .. LOL
and fuel shortages, no coins left at the bullion dealer and the lines around the Walmarts are a mile long
I fuckin wiped out the stores today. I got a bad feeling.
yep, gas will be a fucking buck per gallon, there just won't ever be any available...
Draghi (and Abe) tells BHO "I wager I can stomach the headlines until you buckle and call Janet. I don't have elections in 4 weeks. Queue...Nancy Pelosi on the batphone in 3....2....1....
By the way, do Ms. Pelosi's facial contortions worry anybody? Think "tardive dyskinesia," a common side effect of antipsychotic meds.
I told you guys the BTFD crew hangs out in the "bagel shop" until the European markets close. :-)
On a lighter note, F/X and the bond markets didn't buy it. The usd/jpy bounced off the 61.8% fibi of 106.80-110.08. That's good...I like a "slow grind" down.
The reason aud/jpy was strong, was because bond yields are coming back in this week. (aud/usd strength, and 2.50% vs .015 in the f/X carry. The China macro might be fake, but so is the macro from everyone else!
I'll bet the $ longs are chewing their toenails off.
LOL, thanks for that Fonz. Well, off to purchase another holograhic hybrid sight...
Tomorrow is RampDay Friday! Oh the joy! Can't go into a proper booze filled American weekend without some cheap whoreish exuberance.
Hmmmm low volume bounce back is that like the trillion dollar coin? BS all of it.
Unrigged.
The Machine has too much invested in creating wealth for the elite to allow for a real market correction. The Machine stands at the ready to protect the wealth it dutifully created for its masters.
FUBAR.
Skynet? Should we call John Connor?
John Conner vs. Kevin Henry in a steel cage match. What a show!
I can suggest a virus for that machine
Its all smoke and mirrors if they cannot find a greater fool to sell to,
and all the greater fools are broke.Catch 23(b)(ii).
It's just stop hunting at this point.
" NOBODY should question our motives " !
Sorry kids...totally unrelated. this is some dude cleaning up the vomit from Dallas index patient...whats wrong with this picture...
http://twitter.com/JohnGGalt/status/517756764914479105/photo/1
https://twitter.com/melissatweets/status/517757874563739650
Um..... you know, I'll take a pass on vomit clean-up pics.
let's just imagine they poured 50 gallons of bleach on that spot first
The market is cured, same with ebola......you...did not get the news?!
And in other news:
JPMorgan Discovers Further Cyber Security Issueshttp://dealbook.nytimes.com/2014/10/02/jpmorgan-discovers-further-cyber-...
the stuff the tops are made of
the stuff that tops are made of
i watched the entire shit show...
the ultimate display of "we dont give a shit about appearances and DONT care if you know its rigged..."
ANYONE who has ANY debt coupon dollars in their fixed markets is an idiot and is complicit in the ongoing fraud...
still stackin...what!
Bullish 4 life!!!!
Heck..maybe they're right...and they did fix the economy. .maybe were the crazy ones... fuckin Aye. ..fuckin aye.
So if the Fed is the only one buying stocks then i might start getting into this HFT'ing malarky.
Shhh...it's not the FED. .. It's Belgium!
I might start fishing mussels in fukushima then.
When is someone going to create the "most squeezed" ETF. I'm dead serious. This is a million dollar idea. Why hasn't this been done yet?
Perhaps a legal issue (?), as I suspect Procter & Gamble owns patents on the marketing use of the word "squeeze" after their famous Charmin TV commercials in the 1960s. (I must be getting old, as I remember the creepy guy in the ad telling shoppers "don't squeeze" ...)
Fed Managed Volatility for the win.
only in this ''market'' can the s&p beat down fucking 1 percent during the day for a moment and than by days end, it finishes exactly flat.
not up 0.25 percent, but fucking flat as a pancake.
this shit is amazing to watch, it really is.
The fact that "uncle" Warren and that pompous ass crooktard Tepper were out telling everyone they were buying equities should make everyones bullshit meter go off charts.
Markets close unch......and the permabulltards go WILD!!
What a joke...
One fears that we may be in trouble
Diligence needs to redouble
It seems unpropitious
In fact, quite suspicious:
Bankers say “there is no bubble”
Id be worried if Tepper had used his "nows not the time to be too freaking long" comment. But he was sweating like a pig and telling us to "listen". All signs of masking the truth.
exactly, when the "turd tepper" is bullish it means he's unloading some of his brain-dead positions i.e. SPY's and Q's ... he learned that from GS - masters of deception
Tepper must have the best job in the world. You get free CNBC blowjobs if you agree to say everything is great.
I dunno. Feels like a controlled descent to me. They want the market to go down *a bit*, to hopefully, cool off the exuberance and instill some fear, but not too much as to not ruin it all. I wish they told us - by how much though. The joy of central planning. From the other hand, if one now expects a 2% short-term yield in 2 years, and no inflation, what is again the point of holding equities at these valuations and a sub-2% div yield? Wouldn't there have to be a sell-off? Yet there is none... The current 3% "sell-off" doesn't count.
Today was the "middle finger day" - one where the machines were showing off their ability to levitate everything. A multi-ball juggling act. Forget putting the man on the moon, or landing a mars rover. These days the scientists are landing indecies precisely at zero with micro-second precision. Nothing's impossible when they're in charge of reality.
Do not attempt to adjust your stock options. They control the vertical and the horizontal. Welcome to the Twilight Zone!
Gold flatlined while silver slipped.
They have an endless supply of banana peels.
or maybe silver slippers.
I saw some pretty high volume on the bounce back up, not sure what you were looking at.