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Prepare For Another Whiplashy Session: Liquidity Non-Existent

Tyler Durden's picture




 

With no bond-market-police to corral the machines, it is not entirely surprising that - on the heels of AUDJPY - US equity futures have levitated this morning to provide a comfortably green open (as the world held its breath for a black monday - particularly inappropriate on Columbus Day). However, there's a long way to go in the day and liquidity is - in a word (or two) - non-existent (lowest in at least 18 months). That means intraday volatility will be extreme to say the least...

 

Liquidity is at its lowest in at least 18 months

 

And sure enough...the highs...

 

which was instantly whiplashed to the lows

 

But NASDAQ is back in the red (for now)

 

And then there is the Trannies...

 

Source: Nanex LLC @nanexllc

 

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Mon, 10/13/2014 - 09:49 | 5323666 Theta_Burn
Theta_Burn's picture

#morningwood....

Mon, 10/13/2014 - 09:58 | 5323689 Headbanger
Headbanger's picture

The """market""" will implode if it breaks solidly below horizontal support at about 1900 on the S&P

Mon, 10/13/2014 - 10:11 | 5323725 kliguy38
kliguy38's picture

just selling to bagholders that are dip buying

Mon, 10/13/2014 - 10:16 | 5323734 hedgeless_horseman
hedgeless_horseman's picture

 


Or closing out shorts. UAL down another 4.7%.

Mon, 10/13/2014 - 10:18 | 5323744 Newsboy
Newsboy's picture

Global Financial War Games ongoing.

No link, of course. No Black Monday.

http://online.wsj.com/articles/u-s-british-regulators-test-readiness-for...

Mon, 10/13/2014 - 10:32 | 5323753 hedgeless_horseman
hedgeless_horseman's picture

 

 

Bing.  You are now free to rake the pot on your weekend airline short.

LUV down 6%+ this morning.

Slaughterer, there has never been a better time to book flights to Orlando so families can stand in line with foreigners
at Disney World before enjoying the thrill of vomit-stained park rides.

Mon, 10/13/2014 - 10:26 | 5323761 SoilMyselfRotten
SoilMyselfRotten's picture

Think i'm starting to feel seasick...

Mon, 10/13/2014 - 10:55 | 5323796 TruthInSunshine
TruthInSunshine's picture

Yeah but Expedia buy out rumors.

I am actively pushing for Icahn to push for the merger of Expedia.com, Travelocity.com, Kayak.com, Priceline.com, Trivago.com, Hotwire.com, Hotels.com, Tripadvisor.com, Mobissimo.com, Orbitz.com, LastMinuteTravel.com , CheapTickets.com, LasVegasTravel.com, Travelzoo.com, AngiesList.com, Qbids.com, DailyDeals.com, and iSharted.com.

Mon, 10/13/2014 - 12:37 | 5324458 dow jones 20000
dow jones 20000's picture

I heard iSharted.com has potential to be a real winner with this whole Ebola thing going on...

Mon, 10/13/2014 - 14:39 | 5325011 TruthInSunshine
TruthInSunshine's picture

iSharted.com + Depends = Synergies

Mon, 10/13/2014 - 11:02 | 5323912 stant
stant's picture

1897 now

Mon, 10/13/2014 - 10:08 | 5323719 tom a taxpayer
tom a taxpayer's picture

Can I sue the stock market for whiplash?

Mon, 10/13/2014 - 10:21 | 5323751 nasdaq99
nasdaq99's picture

somebody should've mentioned "irrational exhuberance" to Janet & Ben

Mon, 10/13/2014 - 13:43 | 5324739 KnuckleDragger-X
KnuckleDragger-X's picture

I'm watching the trend's and it seems like they can't make up their minds whether to panic or not and I think the HFT algo's might be getting a touch confused, so buckle up and get your barf bags out for a roller coaster ride.

Mon, 10/13/2014 - 09:49 | 5323671 agstacks
agstacks's picture

----->Will close green today

----->Will close red today

Mon, 10/13/2014 - 09:53 | 5323675 madcows
madcows's picture

low volatility means an up day, right?

What does the PPT handbook say?

Mon, 10/13/2014 - 09:59 | 5323698 saveUSsavers
saveUSsavers's picture

FUCKERS still intervening to hold 1900 ! Most corrupt country in US history.

Mon, 10/13/2014 - 09:55 | 5323685 Spastica Rex
Spastica Rex's picture

Big Red

Mon, 10/13/2014 - 11:08 | 5323964 xcehn
xcehn's picture

Bold red slashes. Tragic ending to happy futures.

Mon, 10/13/2014 - 11:26 | 5324007 Spastica Rex
Spastica Rex's picture

My prediction:

big dump near the end of the day, to be repeated for several more days

DISCLOSURE: I am nearly always wrong about pretty much everything.

Mon, 10/13/2014 - 12:14 | 5324309 xcehn
xcehn's picture

I'm not gambling. Just another unwelcomed vivid dream to try and dissect. Everyone's entitled to their gut feeling. I trust my vivid dreams, because they are richly detailed.

Mon, 10/13/2014 - 09:55 | 5323682 barre-de-rire
barre-de-rire's picture

Obama nation, the Bushs, the Clintons or 80's Reaganomics
It don't matter, the government always be taking your profits
The republicans ain't shit, the democrats ain't shit
What would make you think that either side is ever gonna change shit?
Nancy Pelosi, that bitch crazy
Before Obama she was water-boarding terrorists and blowing Dick Cheney
Think they was looking for Bin Laden, that's a croc
They was looking for him like they looking for the murderers of Biggie and Pac
Fuck this, I ain't talking politics no more
Instead I'll walk in your office and shit on your floor

 

 

with sounds it's better :

 

http://www.youtube.com/watch?feature=player_detailpage&v=fRQU3LOQgAM#t=124

 

 

 

 

Mon, 10/13/2014 - 10:08 | 5323717 LordEffingtonTh...
LordEffingtonThreeSticks's picture

Knee Grows! Please. Keep the low IQ stuff to yourself.

Mon, 10/13/2014 - 12:56 | 5324551 barre-de-rire
barre-de-rire's picture

you have ever been a child playing on a swing chair, right ?  , pretty simple, almost stupid game, isn't it ?  it made you total dumbfuck ? i don't think so, so, pls, keep your personnal taste for yourself, we not necessary want your opinion, it was not an opinion, it was a quote from a song, whatever you are listeing to.

 

 

Mon, 10/13/2014 - 10:19 | 5323743 medium giraffe
medium giraffe's picture

+1 for R.A!

Mon, 10/13/2014 - 09:57 | 5323694 Jahbulon
Jahbulon's picture

In other breaking news, the President has signed a deal to play himself in a movie about his greatness once he leaves office.  Rumors are flying that he will be awarded an Oscar before his movie is even released……….

Mon, 10/13/2014 - 10:18 | 5323742 Bell's 2 hearted
Bell's 2 hearted's picture

which golf course will get co-starring role?

Mon, 10/13/2014 - 10:20 | 5323745 playnstocks
playnstocks's picture

Your late on that call, He's getting a star on the Walk of Fame later today!

Mon, 10/13/2014 - 10:18 | 5323741 Smiley
Smiley's picture

Bullish:  Coke-Heads and drunks in power.

Mon, 10/13/2014 - 10:21 | 5323747 Soul Glow
Soul Glow's picture

Zero liquidity?  Bullish!  Right??

Honk!  Honk!  Rattle rattle!

Should I be worried about Bear Sterns in terms of liquidity?

https://www.youtube.com/watch?v=-6u1kG7yuy4

Mon, 10/13/2014 - 10:54 | 5323872 jubber
jubber's picture

someone sure keeping a bid under these European Indexes

Mon, 10/13/2014 - 11:24 | 5324063 JR
JR's picture

“Artificially boosted demand destroys wealth.”

Frank Shostak, an adjunct scholar of the Mises Institute:

…“the artificial boosting of the demand by means of monetary pumping leads to the depletion of the pool of real wealth. It amounts to adding more individuals that take from the pool of real wealth without adding anything in return — an economic impoverishment.

“The longer the reckless loose policy of the Fed stays in force the harder it gets for wealth generators to generate real wealth and prevent the pool of real wealth from shrinking.

“Finally, the fact that the yearly rate of growth of the CPI is declining doesn’t mean that the Fed’s monetary pumping is going to be harmless. Regardless of price inflation monetary pumping results in an exchange of nothing for something and thus, impoverishment.”

http://www.marketoracle.co.uk/Article47649.html

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