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Stocks Up, Bonds Up, Gold Up, Oil Up, USD Up... Give Up?
For the 25th day in a row (one short of an all-time record), the S&P closed above its 5-day moving-average. Despite dismal Asian, European, and US PMIs, US equity markets sreaked higher at the US Open, tagging yesterday's highs, then stalling when Europe closed. Small Caps led the day as shorts were squeezed once again but Trannies and Russell 2000 remain negative on the week. US Treasury yields dropped notably after European and ended the day 2-3bps lower (with 30Y unch on the week). The USD rose very modestly close-to-cvlose but traded lower thru the EU and US sessions (AUDJPY was in charge of stocks today). Copper dropped on China growth fears but oil, silver, and gold rose on the day (leaving gold +0.5% on the week). HY credit slammed tighter with stocks early then decoupled after EU closed. Dow & S&P close at record highs.
It's OPEX tomorrow...
25 in a row.. and counting...
Small Caps led the day...
As shorts got squeezed ouit of the gate
Trannies and Russell remain red on the week despite today's big surge in small caps...
USDJPY gave up at the US open and AUDJPY took over
Treasury yields and HY credit once again decoupled...
VIX's opening hour was insanely spotted with fat finger mnanipulations... ramped then rose into the close
Another triple-fat-finger day for VIX...
FX markets saw the USD flat but USDJPY roundtriup back to 118.00
Treasury yields saw volatility today but closed lower with 30Y practically unch on the week
Copper dropped (China weakness) but oil, gold, and silver rose on the day pulling gold green on the week
Gold rallied all the way back up to the pre-Swiss Gold Poll results yesterday...
Charts: Bloomberg
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complete bullocks if you ask me.
Fuck the vix number and fuck the CBOE. Total bullshit organization, more useless than tits on the walllstreet bull.
The options shit too, don't get me started. Made up bullshit market that any smart hedge fund shys away from.
Those options monsters guys are merely marketing reps for the CBOE.
Even buying gold is not as shitty as buying options.
fuck up
ebola up
Gave up long back....
It's all Bullshit!!!
You, me, and everyone still able to think reasonably. Rational people are soooo passe.
Of course they are up .
2/3 of the value of the economy is not factored in .
You are about 3 times richer than you think .
See
https://www.academia.edu/9405720/The_Economics_of_Disrespect_Update_I
or
http://andreswhy.blogspot.com/2014/11/the-economics-of-disrespect-update...
unreal, ES was down 10 at 9:15... they are really fucking desperate at this point, painting the tape like that
They are not desperate. They are still transferring our wealth to their vault. Its still game on.
US "markets" is pile of stnkin shiit @
Nope.
I think we need to quit saying short squeeze. I do not think anyone is shorting anymore except commodities. When this bad boy does go perma bear , nobody will catch it. It just makes one big ass candlestick on charts and says insert 25 cents to continue.
Planless Incoherence bitchez!
Best Buy Q3 out today
had +2% growth in same store sales (expected -2%) ... mostly due to apples new phone in september ... and amazon's crummy result out a few weeks ago.
but still expect only around flat for Q4 ... walmart expects flat to 1% for same
holiday sales real cut throat with Price Match and walmart announced (starting today i think) to match any competitors black friday sales now through black friday
retail wars
currency wars
If VIX were a prostitute, it would have moar money than the FED...
Buy that blowjob when she drops it to 12, baby!
Yup JUst MOAR and MOAR
Well past full-retard at this point.
it can only go up from here...
everything but Gold and Silver that is...
Thats ok. We keep stacking. Supply and demand is a fairy tale at this point.
please belkieve me bro...
im right behind u backing up my truck as well...
of course "the market" is up. it's just two algos playing pong. nobody is selling and no-one ever will. if and when someone decides to sell then it falls to old yeller to pick up the slack again.
welcome back my friends
to the ponzi that never ends
we're so glad you could attend
come inside, come inside
markets will hit a brick wall if a crisis in government in the USA comes about with this imperial president..would be wise to get money out of markets until the outcome of a criminal act at the highest level of .gov is known.
civil war is not baked in. you think it is a low chance but there is a chance this idiot will live his dream of being a second lincoln.
Someone hurry and fire the first shot. I'm ready for economic collapse and civil war. This fucking immigration bullshit has me peeved beyond thought. No borders=no country. Fuck you Obama.
WE'VE GONE FULL BULLTARD!
I thought a Nuclear War would be the only thing to stop this shit, but Ebola is the other.... new highs AH as I type !
Welcome back my friends to the show that never ends
We're so glad you could attend, come inside, come inside
There behind a glass stands a real blade of grass
Be careful as you pass, move along, move along
Come inside, the show's about to start
Guaranteed to blow your head apart
Rest assured you'll get your money's worth
Greatest show in Heaven, Hell or Earth
You've got to see the show, it's a dynamo
You've got to see the show, it's rock and roll, oh
Right before your eyes we pull laughter from the skies
And he laughs until he cries, then he dies, then he dies
Come inside, the show's about to start
Guaranteed to blow your head apart
You've got to see the show, it's a dynamo
You've got to see the show, it's rock and roll, oh
Soon the Gypsy Queen in a glaze of vaseline
Will perform on guillotine, what a scene, what a scene...
Peter Schiff is on MarketWatch front page spreading doom and gloom, which means another rally's on its way...
and if not, there's always weather. NY snow storm will supply years worth of excuses.
"Mortimer, buy the phone book!"
Where is the volume?
Who needs volume when you have algos
"death throes" up
No surprises here, the chance of this market going sharply lower from here is akin to that of Jamie Dimon calling you tonight and telling you he has too much money so hes gonna give it to you. Theoretically it could happen but don't hold your breath.
seems a little odd
hyper__________
It's exactly this type of article I like to see on ZH. I always have said once ZH capitulates, then it's time to sell.. That way ZH can be wrong on the way up and the way down. It's inevitable
Echelon has upgraded!
I'm long the VIX...in balls deep. Cannot believe this charade they keep pumping and pumping...unreal.