Last Minute Fizzle Fails To Dent Best 3-Day Stock Surge In 3 Years

For old time's sake...

What a week!!

• WTI's best day in over a year
• S&P 500 2nd best week in 2 years
• Dow's best 3-day run in 3 years
• USD at 8 year highs

The Dow rips over 800 points off its lows in 3 days, S&P over 100 near record highs.. before a weak close...

The late-day rebalance and opex seemed to spark some weakness

The best 3-day run in 3 years

As "most shorted" stocks suffered their biggest squeeze in over 3 years...

Off the lows - quite a meltup...

Overall the week was big for Small Caps -best week in 2 months; S&P's 2nd best week in 2 years...

Treasury yields rose modestly on the week...

...rolling over notably today (despite equity's exuberance)

Leaving 30Y almost unch of the week and decoupling significantly

The USDollar soared 1.6% this week...

To the highest since April 2006

Commodities were all lower on the week - mirroring the surge in the USD...

Oil had quite a run... ripping today but unable to get back to the $59 levels of resistance that have stalled it for the last week... Oil's best day in a year

Some context...

Charts: Bloomberg

Comments

[Syrin]

Bow to the Dow.   Yellen is a goddess.   Nothing will go wrong.   All of you are duped fools.

-there really needs to be sarcastic font

[HedgeAccordingly]

Quad witching was a dud. Like usual. Opex too. Apple did not more. Very contained. Probably means next week will be a shit show.
Http://hedgeaccordingly.com

[ACP]

We squeezed some folks.

[negative rates]

We washed some folks.

[max2205]

Run and gun it......what a world

[SuperRay]

Yellen blew some pholks...

[ebworthen]

Slish-slosh, slish-slosh, between the rollers to squeeze out excess moisture, onto the clothesline with wooden pins to dry in the air.  If the stain does not come out, lather-rinse-repeat and complain to Grandma.

If I had free money from the taxpayers to gamble with I'd have the cleanest shirts...

[SAT 800]

Charts look like it to me. Another failure from this level; more managed selling on the part of the "real smart money".

[Id fight Gandhi]

The narrative for this whole rally comes down to a single word "patience."

They aren't going to let this be a down year for stocks.

[dumbStruck]

Kowtow to the dow ?

[SAT 800]

Fizzles are important to people who are short, like me. I thought it was a wonderful fizzle, right at the triple top; perfect chart painting.

[F-Tipp]

Allow me to introduce you to Comic Sans

[Sub MOA]

any way related to sans serif?

[J S Bach]

We don't need a "sarcastic font", Syrin... the good perceptive folk of ZH totally get it.  (And if they don't, they're not worthy of retrieval.)

[Keltner Channel Surf]

As Johnny Marr riffs furiously, Morrissey, holding a Russell terrier instead of his normal bouquet of flowers, begins to croon:

I would short RUT tonight
But I haven’t got a dime to spare
This man said it’s gruesome
That someone so clever should dare
La-da-da-da-da-de-da
This alarming plan

A pumped-up Yellen toy
That sailed right into space
He said:  ‘don’t fade the swings’
He knows so much about these things

[Tin Hat Salesman]

I had BTFD :D Merry Christmas Mr. Yellen!

[Id fight Gandhi]

Ahem, more like happy hannukah

[KnuckleDragger-X]

Beetlejuice, Beetlejuice, Beetlejuice....

[McMolotov]

Buy with both hands! And then buy with both feet! And after that, find a way to buy with your dick!

[Ruffmuff]

JPM dicked with my dick credit, so my dick can't buy dick.

[negative rates]

Check your dipshit, if it's dirty, change it.

[dumbStruck]

I would'nt mind doing some buying right now but I was buying and buying before and now I 'm busted broke. All I can do now is stand outside looking longingly at the casino's bright beguiling lights. Pity us poor folks always muppets, never vampires.

[negative rates]

Cheer up man in your next life time i will send you weed in the mail, for free.

[Ness.]

Can I take delivery in this lifetime?  How about this weekend?  Thx... Rastafari ;)

[negative rates]

I'll just settle for a McMac, a McShake, and some Mcfries thank you, and keep the change.

[J S Bach]

"Buy with both hands! And then buy with both feet! And after that, find a way to buy with your dick!"

Yeah... and then find a way to claw yourself out of the quicksand.  Good luck.

[Al Huxley]

It'll be fine, you'll see.  I was hoping for 400 points today, but that's ok, I'll just close out into Monday's gap up. 

Even the miners had a good day, they hardly sold off at all, well, untill after hours, then they dumped pretty good, but during the day when retail had access to market they were darn solid.

[tom a taxpayer]

30Y Yield says to S&P 500 at 3:59 PM today: "See you later, alligator..."

https://www.youtube.com/watch?v=W0bidd0Uhvk

Bill Haley and the Comets

[dirtyfiles]

wake me up when this idiotic show is over

[Kilgore Trout]

Seems you're in for a long winter's nap.

[McMolotov]

The end has no end the end has no end
The end has no end the end has no end
The end has no end the end has no end
The end has no end the end has no end...

https://www.youtube.com/watch?v=8sQoX12zo-A

[MsCreant]

Liked it.

[tom a taxpayer]

The End. 

https://www.youtube.com/watch?v=NoBFhdeR9PE

The Doors

[dirtyfiles]

Kondratieff winter?

[Al Huxley]

How old are you?  You'll sleep your life away on that instruction.

[SheepDog-One]

By now, I'm pretty much just resigned to 'this is how it will be till I'm dead'....probably just pack up the cues and go on the road and play pool from here on out, screw it, play my own game fuck theirs.

[Al Huxley]

That sounds like way more fun than sitting around watching these fucking markets all day - you know, I think I'll do the same!

[noless]

Meet you there.

[negative rates]

We're sendin um on over to hyw 61, party on.

[McMolotov]

You could also find yourself a rock and roll band that needs a helping hand.

[doublesharp]

doublesharp is my name

9 ball is my game

[gratefultraveller]

Re previous post with "prognosis" on other thread: Well, at least on investing.com the S&P500 futures closed at 2066.65, seems close enough to me for being the next turning point after the low at 666.x way back when, with the solstice and 12.22.2014 and all...

[Citizen_x]

Saturn in Sagittarius..

I am honesy clueless to what that means.

[buzzsaw99]

BONUS TIME! HOOKERS AND BLOW TIME!

[negative rates]

If you see blood in the trunk, move to Jersey and play street hockey, you can't survive it without his help.

[fooshorter]

In a time universal panic buying. staying on the sidelines is a financially responisble act.

[Number 156]

Right. They've gained so much altitude that when the engines finally quit, the terminal velocity of the plunge will be hypersonic.

[Traderone]

The late day sell-off was a trap set for new longs above Globex high at 2073.5 (ES) which then brought them perfectly back to VWAP at 2066. The ES is a ruthless beast and those longs are gonna have a very,very bad weekend. It's easy when one knows what one is doing.

[Al Huxley]

If you bought 2073 you just have to wait until Monday close and you'll be well into the money.  The ES is about as ruthless as a fucking kitten, as long as you have a strategy, and by strategy I mean

 'always buy BUY BUY!'

[Pareto]

+1 true Al, but, I remember a time when the Emini was.......well, i smoked a lot.... but at the time one of the phrases that comes to mind - fucking viscious.

[Bryan]

Best 3 day run.... so, Yellen is better than The Bernank... nya nya nya

[Eyeroller]

Bullard is green with envy...

[Perimetr]

Congrats to the Plunge Protection Team

[Ruffmuff]

Must be a PPT army by now. The sell switch is broken sir.

Too much upside is not good, and true BYE sign.

[bentaxle]

Thought this was the time of year when Bill Dudley opened the reverse repo sluice gates for pomo operations. Last I was aware limits went ballistic to $350 billion and even that was being exceeded? This time last year players were asking for (just) $50billion a day and that was considered a little eye-watering!!

[madbraz]

the Dudley already took care of this with the $300 billion 21 day reverse repos, of which we still have $100 billion next monday and $100 billion the following monday. 

without $500 billion in window dressing, it would be impossible for banks to close the books on year-end.

[bentaxle]

Thanks. At half a Trillion someone has to at least blink, surely? Last years POMO levels were bad enough. These are far far higher.

[Number 156]

To me, the melt ups are scarier than the plunges. FED financed short squeezes come out of our assess one way or another, and are an omen of worse to come.

[dumbStruck]

If gold stocks are getting beat up and gold is down you know the rigged markets must be up. There's never any money for precious metals and their stocks when there's tons for massively over valued computer manipulated crap.

[fuu]

TOMO has become a barren wasteland. Where did all that treasury collateral go?

12/15/14-12/19/14: $282.983B

12/08/14-12/12/14: $540.217B

12/01/14-12/05/14: $762.625B

11/24/14-11/28/14: $602.432B

11/17/14-11/21/14: $766.756B

[Everybodys All ...]

An Economy of Obama and Sharpton. What could possibly go wrong.

[Tsar Pointless]

Dumbest Comment of the Day award goes to...

[alexmark2013]

Jim Grant: “The Fed has now…taken upon itself a third remit, which is the administration of American equity prices.” http://investmentwatchblog.com/jim-grant-the-fed-has-nowtaken-upon-itself-a-third-remit-which-is-the-administration-of-american-equity-prices/

[Pareto]

+ 1 And another one here (my favorite if only for the clarity by which he brings it):  https://www.youtube.com/watch?v=rfP9LcR-yBc

[disabledvet]

So I think there is over three hundred million barrels of oil in storage in the USA...that doesn't include what is in the pipeline and what the "fueling station" has in storage.

Nor what is on the "Super Tanker" nor what is "on the way in the Super Tanker."

The price for that right now is ZERO.

Someone or something is not only long "all that shit" but massively short treasuries as well.

The first person to see gasoline at ten cents a gallon please reporf to duty at "zero hedge dot com."

[cheech_wizard]

Under $2 - Council Bluffs, Iowa, at one of those big box stores that if you are a member you also get a discount on gas. Courtesy of wife's friend in Iowa who needed to fill up her tank.

[rejected]

800 in 3 days,,, nope, nothing abnormal there, move along, move along.

[MsCreant]

Our crooks are crookier than your crooks. USA! USA!

[One And Only]

dollar bought stocks bought oil bought bonds bought silver bought

[MsCreant]

Bought? Or bot?

[Shaznardickleze...]

Your shitty clip art is poorly presented click bait. Just show boobs in silver and gold bikinis.

[spinone]

Havent you learned not to short this market by now?

[Atomizer]

Deck the halls with boughs of Federal Reserve Zirp holly,

Fa la la la la, la la la la.

Tis the season to be jolly Broken,

Fa la la la la, la la la la.

Don we now our gay dogmatic agenda,

Fa la la, la la la, la la la.

Troll the ancient Pedophile tide repetition,

Fa la la la la, la la la la.

See the blazing Yule before us,

Fa la la la la, la la la la.

Strike the harp and join the chorus of new young sex slave industry.

Fa la la la la, la la la la.

Follow me in merry Benghazi measure,

Fa la la la la, la la la la.

While I tell of Yule Amnesty treasure,

Fa la la la la, la la la la.

Fast away the old year DNC base passes,

Fa la la la la, la la la la.

Hail the new, ye lads and lasses,

Fa la la la la, la la la la.

Sing we joyous, all together,

Fa la la la la, la la la la.

Heedless of the Global Committee and hot weather climate daily chatter,

Fa la la la la, la la la la.

Merry Christmas. Can take that song into other depths to highlight issues. Left out derivatives.

[omrizario]

It might be the FED intervention. But...

[dumbStruck]

Muppets stampede to milk the utters of the dow
But
The
Bull riding vampires have leeched the tits of the mother of all markets dry
And
The
Waves of restlessness are sweeping throughout the snorting herd
As
They
Roll their eyes towards the narrow exit chutes
Where
The
Leering rodeo clowns with incandesant branding irons
Linger.

[KittyStix]

No Spiders today?

[Chad_the_short_...]

The only reason I'm in the stock market is to make fucking money. Whether or not the bad guy wins or loses, I want to make money. No matter how much I enjoy shorting stocks, I will go long in a heartbeat if I know I can make money. This title is fucking idiotic bullshit and suggests that the longs lost and shorts won. Get the fuck out of here with that bullshit. Yes, I understand the country and everything our leaders do is utterly disgusting but lets call a spaid a spaid and not a spaid a fucking gorilla from africa with ebola. These titles from ZH, and i LOVE ZH, look stupid. If you were long the last 3 days you could have made a fortune. It's about making money for me, not saying the bad guys lost when they won.

[bid the soldier...]

'Twas the last week of Christmas Spending

-- and I swear I'm not lying --

All the indexes weren't just up

But like Santa's reindeer they were flying.

[Problem Is]

Man up to the PPT manipulation Mr. Yellen...

[Ness.]

Off topic but this falls into the WFT category.  I'm watching the WGN news in Chicago tonight - they just noted that 6 people have been shot during the broadcast of the evening news.  6 people shot in the last half hour.  Ok - let's get to the final weather forecast... over to you Tom (Skilling).  And yes, he's the brother of CEO Jeffery "Enron" Skilling.

Stop the planet - I want off.

[tom a taxpayer]

Anchorman Ron Burgundy

https://www.youtube.com/watch?v=QQUi6Oi8SLQ

[adr]

The oil chart is fucking nuts. 10% swings up and down intraday for an entire week. Total bullshit.

I bet less than 1% of the contracts were traded by humans. Perhaps less than .1% just like the rest of this shit show.

Did anyone else see that Shitibank claims Instagram is worth $35 billion. Fantastic on the day the news breaks that 50%+ of all internet ad clicks are fake.

Valuing Pets.com at $500 billion would be more believable than anything today. All you can do is laugh and then down a bottle of scotch after the realization some fucking worthless pigs actually got rich off this shit.

[U4 eee aaa]

We have entered a classic "until it's not" market. Trade accordingly

[U4 eee aaa]

LOL! I almost feel guilty trading this thing and enjoying myself out here.

Until they take it all away, the traders must be loving it. We do need to understand that, if it gets out of hand for them, they will take it all away. Until then, trade accordingly