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This Is The 12-Days-Old News That Just Spiked USDJPY And Stocks
Day after day after day this 'market' is manipulated and managed by headlines that memory-less machines read and act upon. Today - yet again - at 210am Japan time, Nikkei news decides it is time to print these headlines:
*JAPAN GPIF TO CUT JAPAN DEBT ALLOCATION TO 35%, RAISE DOMESTIC STOCK ALLOCATION TO 25%: NIKKEI
And sure enough JPY explodes instantly in an attempt to spark momentum. This is not news (it's a constant headline every day since October 18th) as Abe sacrifices his economy and his people's economic future for an uptick in stocks.
The algos react and lift USDJPY
and of course that means US equities surge...
and this is what happened as the headline hit...
15,263 eMini's in 1 second at 13:19:19 $ES_F $SPY
— Eric Scott Hunsader (@nanexllc) October 30, 2014
$550 Million worth of stock traded when EMini popped at 13:19:19
— Eric Scott Hunsader (@nanexllc) October 30, 2014
That was a record for most eMini's traded in a second (excluding market close and the freak event on 1/13/2010) $ES_F
— Eric Scott Hunsader (@nanexllc) October 30, 2014
and volume explodes...
The irony in all of this: this is not news, its 12 days old.
But when betting on algo stupidity and their 15 millisecond memory, nobody has lost yet.
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just had major spike in stocks, whos buying that?
no economist here, but if they were on the verge of super inflation, wouldn't selling bonds and buying stocks be good?
Maybe we can get all the companies that beat on earnings to announce earnings once a day. That also should help the wealth effect.
Basically Abe has the green light to do whatever he wants over there...which is to incite a war between China and Japan. Algos are evolving...thats how the rise of the machines started
USA TODAY headline today:
FED ends easy money
oh, that & Tim Cook is proud to be a fudge packer
QE whatever.1 has officially been handed over to the yellow people
Thank goodness for all that liquidity, it's so helpful!
*packee
Whatever But for the record: One could be PROUD of a lot of things, for instance:
- You could be PROUD that you resisted temptation to cheat on exams
- You could be PROUD of your parenting skills
- You could be PROUD of your 'skills' [whether they be 'cooking', 'engineering', 'horticulture', or whatever vocation]
But to be PROUD you're gay? I just don't get it.
WTF? I don't wake up in the morning particularly PROUD that I prefer cocks or pussies, which, assuming equality in all other areas, is the only distinguishing feature that this guy is admitting to be PROUD of.
Consider —
"Algos are evolving..."
I realize that you were joking, but I think we should be factoring this evolution into our understanding of the "markets" much more than we are. What I'm trying to say is that ZHers will be quick to use terms such as "the new normal", and talk about how these are no longer actual markets, but in the next breath (or paragraph as it were) we say that eventually "market forces" will prevail.
So which is it? Either the markets, as we knew them, are still intact but heavily manipulated for the time being - until market forces overwhelm the manipulation, and sanity is restored. Or, actual markets/exchanges as we knew them have truly become a thing of the past, and all that remains are shells which have been repurposed by the banksters (for lack of a better label) to fill some other role. If this is the case, then we should have no expectation of "market forces" ever coming in to restore sanity. I don't think many people have recognized this contradiction. If there truly are no more markets, then market forces no longer exist.
"There is no spoon"
Spoon boy: Do not try and bend the spoon. That's impossible. Instead... only try to realize the truth.
Neo: What truth?
Spoon boy: There is no spoon.
Neo: There is no spoon?
Spoon boy: Then you'll see, that it is not the spoon that bends, it is only yourself.
Quite true — it IS all a matter of belief !
Presently, NO ONE believes in markets, EVERYONE wants "survival of the fittest" to be thwarted, NO taxpayer wants to lose deductions, EVERY investor wants goosed guaranteed returns, NOBODY wants to accept Hideous & Miserable Truths —
Will society EVER go back to believing in what at one time was "the truth" ? . . .
was there an equivalent selloff in bonds?
The long bond; which is the one I track; has remained essentially unchanged for several days. it's at a triple top that has been established over more than a year; i expect the next important move to be down; and I don't care what the experts think. So, no; there wasn't any sell-off in Bonds; I don't pay any attention to the short term instruments.
who needs POMO when you have HFT. Permanant levitation. Bitchez. On a personnal note i'm getting clobbered short this market over the last few days on puts. I deserve it. I should know better then to go against the system. I now have stock market stolkhome syndrome. I want to lose money and agree to do so for my masters
Unleash the Kraken
They should call this the Japan kamikaze Fund. As in "we're all in this together, now; no whinning". The "Pension Fund" may prove to be a bit of bad joke as a name, however. but then they aren't worse off than anyone else. the famouse wealthy Norwegians, with their National Soveirgn Wealth fund have it all invested in the Euro Stock Market. What could go wrong ?
Those that just can't wait to BTFATH, I guess.
Maybe it was the GPIF!
Nice article. "What goes up fast, comes down even faster". Still playing the masochist in the S&P; off about $4400 in paper losses today. Very irritated withmyself; I don't even need to play around with this crazy market; plus i did a terrible job of entering the position. Hoping for a sanity check at any day now; but someplace not far from here; I'll have to give up.
All the news that's fit to reprint.
Elsewhere- NYT worries the bumpkins are taking over America! This is not a joke:
http://tinyurl.com/nzfc3or
Wow, what a "coincidence", this was right as the NY FED was "delivering" $140 billion in treasury collateral to their friends in reverse repo, which can be used as collateral on all sort of risk-on trades, including shorting the bonds of the very country that allows the FED to exist (and keep plundering from the main 99.9%).
Out of words.
Unfucking real.
iSN'T JPY RUNNING ON
E-RAD TIME ZONE
All Japan has left is bullshit. Let's see how those household spending numbers look tonight.
Pension "funds"... ...LOL!
The jokes just keep coming today.
Very funny indeed.
He meant to say prison funds!
"Outta the way...she's gonna blow!"
yes, to the upside however...
anybody else's market data messed up right now?
seeing no movement in call options but bid/ask on spy puts just blew out WIDE...as if holding its breath at the top of the coaster...
There is an OPRA outtage right now, as well as SIAC I am hearing.
The Sh!t and P!$$ goes up cos 10 days ago it was announced that Japan GPIF was to buy domestic stocks
I am sure there will be a very "serious" investigation into this matter...you know, our regulators are on top of things and wouldn't want any retail investor to get the impression that this market is a rigged casino in which certain players are allowed to see your cards and the dealers cards.
mom and pops sitting in front their Imacs, and on the phones with their E-brokers buying CAT, Twitter, FaceFuck with their cat food money....
its all so beautiful in the land of plenty....!
plenty of serfs that is....
ahhhh...this explains everything...right?
CTA and OPRA have reported issues dissmenating market data in US STOCK and OPTIONS
This HAS to blow soon, surely?
DavidC
Something, something, irrational, something, something, solvent.
Japan's central bank outright buying stocks, just handing moar to their 1%.
and no guillotines?
No sheep like japanese sheep bitchez...
culturally they are not adverse for taking one for the emperor, what the missed is the word was changed to Empire...
WOW!!!! Lost for words on this one fellas.
I have to admit, I was caught off guard by today's move. It appears I took profits too soon. Looks like a rally through month's end.
It looks like a day typical of a fed announcement / speech. Just straight up, no dips.
I took mine also. The Fed ended QE on the start of the fire festival which began yesterday. Should of known they were going to trick retail and treat the .01%.
The month ends tomorrow so that's not saying much.
Tesla's move early in the week was the tell...traders DELIGHT.
Citigroup pulling out of Mexico should have been more in the news too as that will kill the price of commodities...and indeed it did.
There was a big "sugar spat" as well....with enough sugar now coming into the USA to last all of next year courtesy of Mexico.
LNG terminals now being funded on the Gulf coast to the tune of billions, Panama canal doubling in size. Bull market in treasuries this big says to me a lot of room for output expansion at the industrial level. Ford and GM hit hard this month but hard to argue with GM right now. Could get a!price war in trucks here.
Nov 5 is a good day to enter a long short position..... until then short of Isis nothiing can stop it.
Heard Tim Cook and Barry are going to play golf.... Think that will move the Bots? At least the stocks that make lube?
This always makes me upset. I understand the political opposition to investing offshore, but borrowing money and then investing it domestically. But doesn't that become a double whammy when you eventually have to sell? If I were a politician, I would try hard to keep SIV investments as much as possible to overseas assets.
Exactly. Stock may have no maturity, but when this fund inevitably has to sell to maintain coverage, it will be in a down cycle and most likely at (much) lower prices. Another severe case of regulatory dementia.
what an abortion of a market this is, Dax down 250 up 250, Dow down 150 up 300
And the algos have hit the afterburners....Whoosh, and away we go.
USDJPY my ass
This is central command testing whether the system can be controlled in a pre planned collapse.
Last week of POMO make it a good one. My guess +25B
Everyone likes POMO
The scariest news I saw today was Alan Greenspan recommending GOLD...wha wha whaaaat??!!
in 2005 Greenspan warned Congress about sub-prime loans, FRE FNM liabilities, mass immigration and their "threats to Democracy that not even the SU Constitution could protect us from" *he wasn't warning of terrorism (that's a constant) he was referring to the the problems he enumerated in the prior hours testimony, Congress completely ignored him and "floored it".
In 2007 Greenspan told Americans go long on adj mortgages, low rates would be here for a while-that was 6 years ago.
Problem with Greenspan is nobody actually listens to what he says.
it may not happen right away, nobody controls exactly when the shit hits the fan, too many variables but Geenspans usually way ahead of the herd.
The AI featured in the movie Terminater is coming, and it will protect the printers.
We're gonna have a wicked bitchen future.
Its all a bet on technology.
When will the ibitch come out?
~ Look behind you, Smitty... Happy Halloween : )
qe isn't over folks. not by a long shot. i'm not talking talking qe4 i'm talking shadow qe of all sorts.