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The "Hotel California" market in one simple chart... you can check in, but never check out...
Source: @NanexLLC
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But HFT and all those ETFs "provide liquidity"....
tick tock motherfuckers!!!!!
Like the old sailors song 'Water, water, everywhere....but not a drop to drink!'
Well, at least with the tide going out, we might get a chance to see who's swimming nekid.
Shall I be the first to admit that I don't know how to read the chart? A little bit of explanation, and a lot less clever verbiage, might be useful. Let us in on the joke -- that being the chart. I'd settle for a link to some off-site reference for some insight. I'll do my own DD if pointed in the right direction. Give the coon a break here.
BTW: The words are, "...you can check out anytime you like, but you can never leave".
see comments further down re chart ... seems it would be clearer in 3d as would show a clear fall-off over time in volume from 2010 to 2014, just not clear from the above whether it is concave or convex.
Nanex is ART! damnit...the great unwashed never appreciate art...and great artists never 'explain' the meaning of their work, it is up to the individual to find meaning for themselves.
The meaning I find is 'ohh pretty...sell...."
Alcoholic's' wet brain'.
There ,but not really.
guess the PPT fix was just a band-aid at best, huh, boys?
tell janet to get on the stick. she's gonna have to make QE4 bigger and more daring than ever. let's say 500B/month to start?
You can check out anytime you like...but you can never leave
More like a roach motel...
Cool graphic. Where can I buy the t-shirt?
yea, tyler. I'd buy one too. you really need a merch page: coffee mugs, t-shirts etc.
http://www.cafepress.com/zerohedge/7111939
so what you're saying is, it could be worse?
no. what he's saying is that an exchange is about to "break". afterall, if there is a very thin pool of buyers, we cant let the sellers in.
the roach motel stock market. imagine a painic. down 1200 pts in a flash. who are the buyers, besides kevin henry and the fed gangsers?
Red Shields?
I'm not even sure they'll be buying. There's risk to bottom buyers too when the exchanges lock up, not to mention you could have a real collapse.
Lock up's will be used to prevent collapse. Bankster holiday's by another name.
"besides kevin henry and the fed gangsers"
That isn't adequate for you?
'Hotel California'? More like the Roach Motel.
A lot of algos are out of the market right now. The oil price action destroyed a lot of relative value models.
"You can check out anytime you like, but you can never leave!" is the line from the song, Tylers.
Look there's plenty of liquid - too much - it's just being retained.
If only Krugman et al. could invent a financial diuretic... to make the wealth trickle down, if you will, to the Walmart and McDonald's buying public.
So...no lube for a plunge or no erection for a ramp?
When does the margin debt get called and this house-of-cards fall?
Mid-terms in two weeks... so... next week?
Time to ramp the ebola news again for cover.
Don't care. tracking prices is enough for a part time hobby; don't need to decide to study somebodies idea of what "liquidity" is supposed to mean in a stock market.
liquidity in the bond market (ability to draw/inject tens of billions w/o moving the needle) was one of its best assets ... till the federal reserve came along
What is liquidity aunt Janet? Is that what you feel like after you been at the punch bowl too long?
we don't need no steenking volume
...the rhs axis is a bit confusing since it seems the chart should be 3D (time, date, volume), but image/message is clear enough.
color is the date (except for today's line), height on the y axis is the volume. At least, I think.
that's my read, too...I expect if done in 3d the cross section would show a strong descent, just not clear if concave or convex...
Ebola will give you liquidity.
Looks like a Jackson Pollock painting to me...
The chart is meaningless to most without a little more explanation. What exactly are we looking at?
.... Huge lack of interest in the only game in town, turn off the lights on your way out.
http://www.newyorkfed.org/markets/tot_operation_schedule.html
today is POMO & the 28th is the last POMO...if you believe what they say...
I definitely do not
this market will dip a bit, all panic will ensue and rejoyce, the FEd will ride to the rescue once again
this time the rest of the world will look at Vladimir and say...OMG he is right...I see dead markets...before the year ends.
I don't understand that graphic. It has dates on the bottom and dates on the side. What's going on here?
... Its the inner workings of the Fuzzy Math, no demand, "Bull Market". Nobody is in the store but prices are rising due to lack of interest. Prices are fixed.
Some VIX required .
https://www.academia.edu/8942403/The_Hysterical_Focus_is_your_friend_
Its just Quince Edward now, "Trickling Down" on "the Market" as needed, early and often.