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This Morning's Buying Panic Brought To You By AUDJPY Fun-Durr-Mentals & VIX Fat Fingers

Tyler Durden's picture




 

Because nothing says rational human stock-buying like the entire world's PMIs collapsing to multi-month lows. Thank the lord of the markets for AUDJPY which took over the mantle from USDJPY as US equities opened... Of course, it is OPEX tomorrow, so this all makes perfect sense. Now all we need is for a stock exchange to break and the unrigged game is complete...

 

 

VIX was smashed higher at the open...

 

and with OPEX tomorrow that will never do...

 

As a reminder - China PMI is at 6-month low, Europe at 16-month low, Japan dropped and is in a quadruple-dip recession, and now US manufacturing is at 10-month low... seems like QE really worked eh!?

 

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Thu, 11/20/2014 - 11:52 | 5469826 101 years and c...
101 years and counting's picture

too funny.  bulls need the fed to print.  the longer they inflate this bubble, the longer the fat cow has to wait.  and with polar vortexes scheduled to come every 2.6 weeks, according to the economic PhD's at GS, the Fed should be printing right now.

Thu, 11/20/2014 - 11:52 | 5469831 venturen
venturen's picture

this is the fatten calf to slaughter....trade. BTFT

Thu, 11/20/2014 - 12:03 | 5469864 Pooper Popper
Pooper Popper's picture

Man I am going to need some serious therapy after this,,,,my eye is twitching again.....

Thu, 11/20/2014 - 11:59 | 5469850 RaceToTheBottom
RaceToTheBottom's picture

Belgium to the rescue!!!!

Thu, 11/20/2014 - 12:00 | 5469852 SheepDog-One
SheepDog-One's picture

Of course they're printing, they never stopped.

Thu, 11/20/2014 - 12:14 | 5469903 tarsubil
tarsubil's picture

Do you know that coke addicts can get a high from looking at coke snorting paraphernalia? That's during dry times but sooner or later, you need the real thing.

Thu, 11/20/2014 - 12:59 | 5470065 roadhazard
roadhazard's picture

You can start getting a buzz just rolling the joint, I heard.

Thu, 11/20/2014 - 13:05 | 5470081 KnuckleDragger-X
KnuckleDragger-X's picture

They are NOT printing, they are merely "extending credit" like the good little bankers they are.....

Thu, 11/20/2014 - 11:57 | 5469837 medium giraffe
medium giraffe's picture

"stock exchange to break"

Have a strange feeling that you may be proven right. My money's on BATS (not literally, I'm not that stupid).

Thu, 11/20/2014 - 11:57 | 5469844 Bear
Bear's picture

Sell now ...It's Top Time

Thu, 11/20/2014 - 11:58 | 5469845 Bear
Bear's picture

Sell now ...It's Top Time

Thu, 11/20/2014 - 12:00 | 5469849 Bindar Dundat
Bindar Dundat's picture

You can say that again!

 

Thu, 11/20/2014 - 12:56 | 5470052 old naughty
old naughty's picture

Ok, I say that again:

Sell Now...It's Top Time.

Thu, 11/20/2014 - 12:02 | 5469858 Tenshin Headache
Tenshin Headache's picture

Between the outrageous Philly Fed number and the VIX slamming, you do get the impression that something bad may be going on.

Thu, 11/20/2014 - 11:59 | 5469853 dracos_ghost
dracos_ghost's picture

Lena Dunham, is that you?

Brought to you by ... VIX Fat Fingers

Thu, 11/20/2014 - 12:11 | 5469860 Keltner Channel Surf
Keltner Channel Surf's picture

I wonder if the Philly Fed data was leaked, for while you often get a mild counter move pre-10:00 on important econ release days from those hedging their bets, the relentless, confident nature of the move (3 million shares of TZA dumped in the first 30 min., for example) made it likely "someone knew something."  It stands to reason that, if I'm correct, hedge removal to boost gains would account for the early VIX and RVX slam-o-rama's, which have continued post-release.

Will be interesting to see what happens next, given we've approched Wed's highs . . .

Thu, 11/20/2014 - 12:06 | 5469873 gmak
gmak's picture

See. JPY decoupling of equity markets means nothing if the fat finger VIX prostate exam still elicits a reaction.

Thu, 11/20/2014 - 12:10 | 5469893 jubber
jubber's picture

100 points Dow bounce LOL

Thu, 11/20/2014 - 12:29 | 5469902 savedeposit
savedeposit's picture

Sorry but I dont realy care about all those S&P VIX Dollar Yen mumbo jumbo

I got REAL assets fysical gold & silver instead of some pogs

http://en.wikipedia.org/wiki/Pogs

 

 

Thu, 11/20/2014 - 12:22 | 5469920 farmboy
farmboy's picture

Funny, the FED was counting on the ECB to make in impact with their fake QE. That failed so the BOJ has come to the rescue. That failed too now so they must resort to stealth QE to keep markets up. It s grave dance.

Thu, 11/20/2014 - 12:26 | 5469937 mtndds
mtndds's picture

BULLSHIT!!!  Uhm, I mean BULLISH!!!

Thu, 11/20/2014 - 12:28 | 5469941 jubber
jubber's picture

looks like we are going for  the AtH's either today or on fab friday LOL

 

Thu, 11/20/2014 - 13:09 | 5470109 FieldingMellish
FieldingMellish's picture

Plenty more upside as long as people believe the "US is decoupled" meme. Could see SPX at 2100 by Christmas. Plenty more shorts to burn here.

Thu, 11/20/2014 - 13:29 | 5470197 Thought criminal
Thought criminal's picture

This is just beyond ridiculous, it seems to me that as long as there is at least one person short, they will just ramp that fker up to flush him out.

Thu, 11/20/2014 - 14:06 | 5470361 day_light_robbe...
day_light_robbery_by_central_bankers's picture

everything has an end, i mean everything!

Thu, 11/20/2014 - 16:45 | 5470956 TheShiznit
TheShiznit's picture

The shark's advantage is that when he's in the mood for fish, all he has to do is eat a seal full of fish.  They let us pump up our accounts and then spike us with the stop grabber du jour. 

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