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Another Epic Squeeze: "Most Shorted" Soar Over 3% Off Today's Lows

Tyler Durden's picture




 

While the S&P 500, Dow, and Trannies remain in the red (just), the meltup off the opening lows is something to behold as Small Caps are now +1.3% on the day. The driver of this muppetry... a huge squeeze of "most shorted" stocks once again that took them from down over 2.5% at the open to higher by more than 0.5% now... Stocks, though, have decoupled from credit and USDJPY in this last vertical ramp.

 

This happened...

 

Thanks to this...

 

But the squeeze has got a bit over its skis relative to USDJPY

 

and credit...

 

Charts: Bloomberg

 

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Tue, 12/09/2014 - 14:53 | 5533547 HardlyZero
HardlyZero's picture

Tuesday. This time Oil is coming down which might make slippery support.

Tue, 12/09/2014 - 15:10 | 5533645 Greenskeeper_Carl
Greenskeeper_Carl's picture

Unreal. They can't even have one big down day. What a farce. The whole world is crumbling and we still keep hitting record highs everyday. I'm sure tomorrow china and Greece will be 'fixed' which should be good for another 35 points on the S&P. throw in a nice hit to get gold back below 1200. Party on

Tue, 12/09/2014 - 15:43 | 5533813 stocktivity
stocktivity's picture

It's all Bullshit!!!

Tue, 12/09/2014 - 16:07 | 5533930 buzzsaw99
buzzsaw99's picture

right now gubbermints all over the world are in a panic to buy usa equities at the all time highs. seriously, they are terrified prices will decline before they can go "all in".

Tue, 12/09/2014 - 14:49 | 5533550 blaireauhedge
blaireauhedge's picture

What a shocker!

Tue, 12/09/2014 - 14:51 | 5533551 max2205
max2205's picture

The dude abides

Tue, 12/09/2014 - 16:10 | 5533944 buzzsaw99
buzzsaw99's picture

Mark it zero! [/Sobchak]

Tue, 12/09/2014 - 14:51 | 5533555 NEOSERF
NEOSERF's picture

I assume this is now a hedgie collusion strategy...any good down day, find the top 10 shorted and just start piling in...get out tomorrow before lunch and enjoy your 10-20%?

Tue, 12/09/2014 - 14:53 | 5533565 NoDebt
NoDebt's picture

No, it works pretty much every day.

Tue, 12/09/2014 - 14:53 | 5533564 Neverstopprintingme
Neverstopprintingme's picture

the whole thing is utter BS.  everybody on wall and broad knows the fed is still buying equities via citadel. wake me up 2030 when we get a real mkt back.  until then i'll be posting my blog via camera on a stick.

Tue, 12/09/2014 - 14:53 | 5533570 NoDebt
NoDebt's picture

You'll be sleeping longer than Rip Van Winkle waiting for a "real" market to return.  They're NEVER givig it back.  NEVER.

Tue, 12/09/2014 - 14:53 | 5533567 Phat Stax
Phat Stax's picture

Amazing.  Europe was down 1.5% <gasp!> this morning at 8:30 EDT which SURELY was to set the tone for today.  Not so much.

Tue, 12/09/2014 - 14:53 | 5533571 Dr. Engali
Dr. Engali's picture

Stoopid shorts fall for it every time. It's like watching the coyote chase the road runner. The outcome is already known, but he can't help but chase him.

Tue, 12/09/2014 - 15:03 | 5533599 saints51
saints51's picture

they must work for the cia because apparently they love torture. I don't understand it either.

Tue, 12/09/2014 - 15:00 | 5533605 Callz d Ballz
Callz d Ballz's picture

Are we at the part where the rock plows him another 20ft into the pavement?

Tue, 12/09/2014 - 15:01 | 5533608 Squid Viscous
Squid Viscous's picture

looks like I picked the wrong day to short "casual dining" and pizza delivery stocks, AND stop sniffing glue

Tue, 12/09/2014 - 15:03 | 5533613 nevadan
nevadan's picture

I didn't fall for it yesterday.  Got my ass handed to me.  Things are much better today.

Tue, 12/09/2014 - 15:30 | 5533742 SheepDog-One
SheepDog-One's picture

The 'shorts' is also the Fed...what, like they're only long? They're playing all of it, doesn't cost them a dime either way.

Tue, 12/09/2014 - 19:15 | 5534580 Dead Man Walking
Dead Man Walking's picture

It's like watching the coyote chase the road runner. The outcome is already known, but he can't help but chase him.

Coyote never falls until he looks down. Must be a life message in there somewhere.

Tue, 12/09/2014 - 19:53 | 5534699 Dead Man Walking
Dead Man Walking's picture

It's like watching the coyote chase the road runner. The outcome is already known, but he can't help but chase him.

Coyote never falls until he looks down. Must be a life message in there somewhere.

Tue, 12/09/2014 - 14:59 | 5533581 Squid Viscous
Squid Viscous's picture

85 point bounce in the Nasdaq in about 2.5 hours, efficient markets!

Tue, 12/09/2014 - 15:02 | 5533610 disabledvet
disabledvet's picture

"And only the CIA waterboards."

Bwhahahahahahaha. Yeah, right. Talk about a choke hold. "Even the squid has a tentacle malfunction" would appear.

Tue, 12/09/2014 - 15:06 | 5533624 Bernoulli
Bernoulli's picture

But it's because of all the good "torture" news, no?

Tue, 12/09/2014 - 15:00 | 5533585 Baby Eating Dingo22
Baby Eating Dingo22's picture

Tuesdays are always the bounciest

Wimpy must be showing up with the burgers

Tue, 12/09/2014 - 14:58 | 5533589 saints51
saints51's picture

Who and the fuck is shorting stocks in this market?

Tue, 12/09/2014 - 15:07 | 5533632 astoriajoe
astoriajoe's picture

in?

Tue, 12/09/2014 - 15:23 | 5533709 Dr. Engali
Dr. Engali's picture

Market.... Lol.

Tue, 12/09/2014 - 14:58 | 5533595 disabledvet
disabledvet's picture

Love the bubble.

Don't FALL IN LOVE with the bubble though. Still too much debt and almost zero "taxpayer recovery."

Sorry but while riots are good for equities they're not good for recovery.

Tue, 12/09/2014 - 15:02 | 5533607 Max Steel
Max Steel's picture

lol tyler what is this ?

 http://rationalwiki.org/wiki/Zero_Hedge

Zero Hedge is a batshit insane Austrian economics-based finance blog run by a pseudonymous founder who posts articles under the name "Tyler Durden," after the character from Fight Club by Chuck Palahniuk.

Tyler claims to be a "believer in a sweeping conspiracy that casts the alumni of Goldman Sachs as a powerful cabal at the helm of U.S. policy, with the Treasury and theFederal Reserve colluding to preserve the status quo." While this is not an entirely unreasonable statement of the problem, his solution actually mirrors the anatagonist inFight Club in that Tyler wants, per Austrian school ideas, to lead a catastrophic market crash in order to destroy banking institutions and bring back "real" free market capitalism.

The site posts nearly indecipherable analyses of multiple seemingly unrelated subjects to point towards a consistent theme of economic collapse any day now, and has accurately predicted 200 of the last 2 recessions. Tyler seems to repeat The Economic Collapse Blog's idea of posting blog articles many times a day and encouraging people to post it as far and wide as humanly possible. Tyler moves away from the format of long lists to write insanely dense volumes filled with (often contradicting) jargon that makes one wonder if the writers even know what the words actually mean. The site first appeared in early 2009, meaning that (given Tyler's habit of taking a shit on each and every positive data point), anyone listening to him from the beginning missed the entire 2009-2014 rally in the equities market.

The only writer conclusively identified is Dan Ivandjiiski, who conducts public interviews on behalf of Zero Hedge. The blog came online several days after he lost his job at Wexford Capital, a Connecticut-based hedge fund (run by a former Goldman trader). And proceeded to choose his pen name from a nihilistic psychotic delusion.

Zero Hedge is not quite the NaturalNews of economics, but not for want of trying.

 

Tue, 12/09/2014 - 15:08 | 5533638 venturen
venturen's picture

Krugman is that you?

Tue, 12/09/2014 - 15:08 | 5533640 astoriajoe
astoriajoe's picture

some intern at the fed who wants to eventually be chair.

Tue, 12/09/2014 - 15:15 | 5533671 Max Steel
Max Steel's picture

Na I'm just aksing whatever that wiki has written is  it true or some propaganda to discredit zerohedge . I just pasted some content from the link .

Tue, 12/09/2014 - 15:21 | 5533700 valley chick
valley chick's picture

2 weeks 1 day......you obviously have a lot to learn.

Tue, 12/09/2014 - 15:26 | 5533717 Max Steel
Max Steel's picture

Ofcourse (y) 

Tue, 12/09/2014 - 15:34 | 5533772 SheepDog-One
SheepDog-One's picture

Anyone can write whatever they want on Wiki.

Tue, 12/09/2014 - 18:37 | 5534460 mtndds
mtndds's picture

Krugman, you sir are a tool!

Wed, 12/10/2014 - 04:15 | 5535664 Max Steel
Max Steel's picture

haha

Tue, 12/09/2014 - 18:52 | 5534508 rex-lacrymarum
rex-lacrymarum's picture

The decidedly misnamed "rational wiki" is itself a left-wing dingbat propaganda site that believes it is "funny" (it isn't). 

Wed, 12/10/2014 - 04:18 | 5535668 Max Steel
Max Steel's picture

Thanks for clarifying .

Tue, 12/09/2014 - 15:05 | 5533621 Bernoulli
Bernoulli's picture

On how much volume is all of that happening again?

 

Tue, 12/09/2014 - 17:27 | 5534228 sun tzu
sun tzu's picture

Looks like heavy morning volume and died out during the day. SP had heavy volume on the EOD dump.

Tue, 12/09/2014 - 15:23 | 5533699 Keltner Channel Surf
Keltner Channel Surf's picture

Those wanting to be amused (and who doesn’t?) should pull up a chart of today’s Russell using IWM (or your favorite symbol) and choose daily bars.  

See that big, green monstrosity that traverses nearly the ENTIRE trading range going back to the Oct. 30 “Japan Gap”?  Well, that’s just today (!!!)   Even by RUT standards, have rarely seen such an insane ramp from a decidedly negative start, ~3% from the lows (with still 1 ½ hrs left …)

Tue, 12/09/2014 - 15:32 | 5533760 gatorengineer
gatorengineer's picture

that is sick......sorry I looked.

Tue, 12/09/2014 - 15:27 | 5533718 pragmatic hobo
pragmatic hobo's picture

looks like janet is buying IWM today.

Tue, 12/09/2014 - 15:31 | 5533735 HardlyZero
HardlyZero's picture

Russell got up on Tuesday ! Frankenstein/Krugger's monster.

Tue, 12/09/2014 - 15:35 | 5533771 lotsoffun
lotsoffun's picture

buy the fcking all time dip, get rich, shut up, and be happy.  this is the new normal.  stocks NEVER go down.  invest now, and get rich, or shut the fuck up win you lose it all..  this is xmas time, santa claus is coming to town.  football is huge.  shut up.  'invest'

 

Tue, 12/09/2014 - 15:42 | 5533810 FreeShitter
FreeShitter's picture

Dat Russell doe

Tue, 12/09/2014 - 15:47 | 5533846 thismarketisrigged
thismarketisrigged's picture

why the fuck would ''investors'' keep shorting this shit show?

 

its so fucking rigged, they did the same thing yesterday, of course we will finish off the lows or even green.

 

since that mother fucking douchebag bullard spoke on october 15th, this shit has gone in  1 direction, but of course its totally normal.

Tue, 12/09/2014 - 15:56 | 5533877 Loucleve
Loucleve's picture

it is not jus the most shorted names.

The IWM itself has short interest of 53%.

Besides, we dont really expect them to allow TSTHF during Xmas, do we?

Tue, 12/09/2014 - 16:06 | 5533932 jubber
jubber's picture

and of course the biggest Dow component, VISA up $5 today from negative, only up $70 in the last six weeks, utter scam

Tue, 12/09/2014 - 16:11 | 5533942 roadlust
roadlust's picture

We're down 3 percent on fundamentals, and the world downturn!  

Oops... We're up 2 percent on fundamentals and the US recovery! 

Is there anybody left who can't see the IWM only exists as a rigged casino to buy and sell underlying options to suckers stupid enough to think they can beat the house? 

When you can make it move 5 percent on any day (and options by umpteen%) it's a license to print money (and steal mom and pop's retirement) indefinitely.

Tue, 12/09/2014 - 16:34 | 5534021 Baby Eating Dingo22
Baby Eating Dingo22's picture

All dem "traders" just shrugging it off

 

Rebound rally: Stocks pare losses as traders shrug off global woes

The Dow and broader S&P 500 trimmed heavy losses Tuesday as concerns about Greece, China and other global economies faded.

Tue, 12/09/2014 - 17:45 | 5534293 virtualInsanity
virtualInsanity's picture

Ouch. That hurt.

Tue, 12/09/2014 - 23:03 | 5535255 theyjustcantstop
theyjustcantstop's picture

there's no one shorting the market, the fed. buying, and selling, they have to, others wise the daily market graphs would look like big U's, on days like today.

 

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