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Every Stock Index Hits All Time High On Lowest Volume Since 2006

Tyler Durden's picture




 

Trading volumes today are running at the lowest pace since 2006, crude oil prices ae testing back towards fresh 5 year lows, and Treasury yields are all lower... so it should come as absolutely no surprise that the S&P 500, Dow Industrials, and Russell 2000 have all hit fresh intraday record highs today.

SPY volume at it lowest since 2006...

 

and e-mini...

 

 

So stocks are surging to record highs...

 

As Treasuries rally...

 

Crude continues to slide...

 

Charts: Bloomberg and @NanexLLC

 

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Fri, 12/26/2014 - 14:34 | 5593797 Soul Glow
Soul Glow's picture

The emporer is naked.

Fri, 12/26/2014 - 14:42 | 5593829 maskone909
maskone909's picture

So the five people who run the markets sure are making money today.

Fri, 12/26/2014 - 15:02 | 5593888 PartysOver
PartysOver's picture

No worries.  The "K-Hen" has got your back.

Fri, 12/26/2014 - 16:40 | 5594177 DirtyWilly
DirtyWilly's picture

This is exactly what street vendors do when they play three cup.  Dare you to follow the ball!

Fri, 12/26/2014 - 14:53 | 5593864 KnuckleDragger-X
KnuckleDragger-X's picture

HFT's trading one share at a time so volume is obsolete don'cha know.....

Fri, 12/26/2014 - 14:34 | 5593807 DavidC
DavidC's picture

I'm NOT giving up shorting these rallies, at some point it WILL blow.

DavidC

Fri, 12/26/2014 - 14:40 | 5593821 you enjoy myself
you enjoy myself's picture

that's what i said to myself at 1300, 1400, 1500, 1600, 1700, 1800, 1900, and 2000.

Fri, 12/26/2014 - 14:41 | 5593833 maskone909
maskone909's picture

Yup me too. The only way for them to make money is from peeps short covering. Since nonody actually buys this crap

Fri, 12/26/2014 - 14:56 | 5593870 DavidC
DavidC's picture

And when it blows, it will get back to ALL of those. The CBs are DESPERATE.

DavidC

Fri, 12/26/2014 - 15:02 | 5593891 PartysOver
PartysOver's picture

No if you only knew when it will blow.

Fri, 12/26/2014 - 15:16 | 5593925 DavidC
DavidC's picture

Who said when? I didn't.

DavidC

Fri, 12/26/2014 - 14:56 | 5593871 KnuckleDragger-X
KnuckleDragger-X's picture

One fine morning when there are no bears left the mega-banks and Wall St will short the entire market and then let it collapse.

Fri, 12/26/2014 - 15:37 | 5593990 Hohum
Hohum's picture

Wall Street doesn't want it to collapse.  Most weren't smart enough in 2008 to embrace the tsunami and it is no different now.

Fri, 12/26/2014 - 14:59 | 5593882 El Vaquero
El Vaquero's picture

There is no rule that says that it must blow.  We could get Zimbabwed, in which case, neither shorting nor going long would help you.  Having your own local sources for basic necessities, however, would. 

Fri, 12/26/2014 - 15:43 | 5594008 Farmer Joe in B...
Farmer Joe in Brooklyn's picture

Shorting is pretty dangerous in the face of this rampant money-printing / central bank interventionism.

It def WILL blow.  Just when..??

Think buying relatively cheap insurance (vol still low) via puts on SPY or XLF (like better, due to longer-dated strike options)

Also, why not get long some physical PM.  When it does blow, there is almost no way that PM's don't catch a fierce bid.

Fri, 12/26/2014 - 16:33 | 5594145 Chad_the_short_...
Chad_the_short_seller's picture

Fuck all that shit. It's real simple....... when the market is near a correction or any selloff, just go long UVXY. When the market is ready to get pumped up again, you simply short UVXY. During the "oil correction" uvxy went from 17 to 32 and when they pumped the markets back up in the next week, it went from 32 to 20. Now...... i believe it's a buy again at these levels, or very near. Low volume rampjob, oil is at its 5 year low, no one is playing today. Reality will set back in either next week or the week after and UVXY will explode to 30-50-100, depending on how big the correction or selloff.

Fri, 12/26/2014 - 14:35 | 5593808 JustObserving
JustObserving's picture

It is easiest to manipulate markets higher (or lower) when there are fewest participants.  That is why gold and silver are attacked in the middle of the night.  

Fake, manipulated markets make big, irrational moves.

Fri, 12/26/2014 - 15:20 | 5593937 disabledvet
disabledvet's picture

Yep. And yes...Wall Street can force you to take delivery too. "Where do you want your million tons of coal sir?"

I still stand by my conviction that the problem remains in the debt market (Russel at an all time high?) and that's the clog in the pipe of recovery.

Certainly no lack of either production or product.

And yes I do believe that Space Aliens from Planet Zorgon are in fact running this thing...

Fri, 12/26/2014 - 16:52 | 5594213 WmMcK
WmMcK's picture

Zorgon was taken over by Niburu.

Fri, 12/26/2014 - 14:34 | 5593809 rejected
rejected's picture

Which seem to be the darling stocks?

Fri, 12/26/2014 - 14:37 | 5593813 SloMoe
SloMoe's picture

Oh what nice teeth you have....

Fri, 12/26/2014 - 14:36 | 5593814 MrButtoMcFarty
MrButtoMcFarty's picture

XAG catching a bid...

Fri, 12/26/2014 - 14:37 | 5593817 you enjoy myself
you enjoy myself's picture

i'm amazed anyone can still get away with charging 2 & 20.  now that the market is a policy tool, why shouldn't every individual investor just blindly buy SPY and go on vacation for 6 months? 

Fri, 12/26/2014 - 14:38 | 5593820 surf0766
surf0766's picture

Everything is fuckn' great . Didn't you hear?

Fri, 12/26/2014 - 14:39 | 5593822 Counterpunch
Counterpunch's picture

Krugmanity trap.

Fri, 12/26/2014 - 14:41 | 5593832 Kaiser Sousa
Kaiser Sousa's picture

happy days r here again...
now, im off to my private island right down the street from larry ellisons...

Fri, 12/26/2014 - 14:44 | 5593837 i_call_you_my_base
i_call_you_my_base's picture

Looks like oil has found itself a home around $55. Almost as if someone wants it there.

Fri, 12/26/2014 - 14:46 | 5593840 Dre4dwolf
Dre4dwolf's picture

Market is a political tool to promote the idea of prosperity where there is none.

Banks gota bank.

Politicians gota politician.

People gota... die... swiftly and conveniently leave all their assets on the sidewalk for collection.

Fri, 12/26/2014 - 14:49 | 5593857 franzpick
franzpick's picture

'Never sell a quiet market after a rise' - has not been overruled.

Fri, 12/26/2014 - 14:51 | 5593859 lasvegaspersona
lasvegaspersona's picture

We don't need to trade stocks to know their value...Janet will just tell us what they are worth...won't she?

Fri, 12/26/2014 - 14:51 | 5593862 franzpick
Fri, 12/26/2014 - 14:54 | 5593868 ebworthen
ebworthen's picture

"Volume?  We don't need no stinkin' volume!"

Fri, 12/26/2014 - 14:59 | 5593883 thismarketisrigged
thismarketisrigged's picture

isnt it just amazing what these bastards get away with?

 

of course next week will also be an incredibly light volume week leading up to new years day, so expect another 50 pts pn the s&p  and 400 on the dow, and the nasdaq will prob hit 5000 next week to cap of the 2014 year.

 

again though, as many have stated here, its a policy tool and nothing else so its irrelevant

Fri, 12/26/2014 - 15:13 | 5593911 Conax
Conax's picture

In a war, the first casualty is always the truth.

The market is just an economic weapon for the Empire.  How long can it be levitated on lies?  That is the question.

Fri, 12/26/2014 - 15:26 | 5593949 Law97
Law97's picture

Everybody (the intelligent ones, anyway) knows it's all lies. 

 

How long can it continue?  As long there is "faith in the system," i.e. the dollar.  How long can there be faith in the system?  As long as the USA has the world's strongest military, that's how long.  It all really comes down to military stregth.  The USA is saying to the world:  "yeah, so what, whatcha gonna do about it, punk?!" 

 

But the second the USA is no longer the world's strongest military, the dollar collapes to nothingness and it's reset time.  Their plan is to start WW3 before that happens.  Empires don't go quietly, they immolate in a flash of militarism.

Fri, 12/26/2014 - 16:26 | 5594122 oudinot
oudinot's picture

US has the strongest military?

It can't even pacify Iraq or Afghanistan; shiny toys don't make a tough militray.

Fri, 12/26/2014 - 16:39 | 5594168 Law97
Law97's picture

I upvoted you for the observation that traditional uniformed military have always had a difficult job winning against domestic guerilla forces.  That's tru for a variety of reasons and has been true since before the Romans invaded Gaul. 

 

That does not, howver, change the fact that the US has te strongest military among traditional nation-states.  And that is the key, since it is the traditional nation states that are the players on the world economic stage and control the worlds competing currencies.

 

 

Fri, 12/26/2014 - 15:15 | 5593918 Bill of Rights
Bill of Rights's picture
Al Qaeda Recommends Targeting “American Economy High Profile Personalities” like Gates and Bernanke with Butt Bombers

https://firstlook.org/theintercept/2014/12/25/al-qaeda-claims-perfected-...

Fri, 12/26/2014 - 15:17 | 5593922 km4
km4's picture

Is China the world's new bank? by @WilliamPesek http://bv.ms/1CXTQTe  

Fri, 12/26/2014 - 15:16 | 5593928 km4
km4's picture

Thanks to China, Christine Lagarde of the International Monetary Fund, Jim Yong Kim of the World Bank and Takehiko Nakao of the Asian Development Bank may no longer have much meaningful work to do.

Beijing's move to bail out Russia, on top of its recent aid for Venezuela and Argentina, signals the death of the post-war Bretton Woods world. It’s also marks the beginning of the end for America's linchpin role in the global economy and Japan's influence in Asia.

Fri, 12/26/2014 - 15:16 | 5593927 franzpick
franzpick's picture

Crude future below the 12/15 and 12/18 lows at 54.50 won't be OT for long when the new thread arrives:

http://www.investing.com/commodities/crude-oil-advanced-chart

Fri, 12/26/2014 - 15:28 | 5593961 Seal
Seal's picture
"No Warning Can Save People Determined To Grow Suddenly Rich" http://www.zerohedge.com/news/2013-11-14/no-warning-can-save-people-dete...

AND it's that idiot Obomba- he was braggng a few days ago about how everyone's pension plans have been restored in value. 

Fri, 12/26/2014 - 15:35 | 5593982 alexmark2013
alexmark2013's picture
A $500 billion debt bubble helped finance the American oil boom. Cheap oil might just pop it. http://investmentwatchblog.com/a-500-billion-debt-bubble-helped-finance-the-american-oil-boom-cheap-oil-might-just-pop-it/
Fri, 12/26/2014 - 15:46 | 5594014 Bankster Kibble
Bankster Kibble's picture

All the trading is done by 2 computers, one owned by JPMorgue and the other answers to the US State Department.

 

. . . wait, that means BOTH answer to the US State Department.

 

Free markets?  What's that?

Fri, 12/26/2014 - 15:50 | 5594020 surf0766
surf0766's picture

The progressive controlled federal reserve will never allow a market crash under their Marxist leader...

Fri, 12/26/2014 - 15:52 | 5594031 Spungo
Spungo's picture

Eric Hunsander will eventually be sent to gitmo for daring to question what's going on.

Fri, 12/26/2014 - 15:53 | 5594034 Ewtman
Ewtman's picture

This week's S&P 500 action pretty much on track as anticipated...

 

http://www.globaldeflationnews.com/sp-500-indexelliott-wave-update-for-w...

Fri, 12/26/2014 - 16:23 | 5594113 Law97
Law97's picture

Elliot wave works great when it predicts a stock market rise.  It fails, however, when it predicts a decline.  That's pretty much how it and every other theory works nowadays.

Fri, 12/26/2014 - 18:44 | 5594470 Bankster Kibble
Bankster Kibble's picture

Wasn't Plum Island the maximum-level bio-security lab?  The kind you cannot put on the mainland?  Why is DHS building the new one in Kansas?   Woooeeeee, I would not want to be downwind.

 

West Nile Virus, brought to you by Plum Island.

Fri, 12/26/2014 - 18:48 | 5594476 FredFlintstone
FredFlintstone's picture

Lab 257 is a great book on Plum Island and gives insight into how fucked up the government is. Yes, this was an animal disease lab. They has maintenance men cooking steaks from test subjects at the incinerator where they were burning cows.

Fri, 12/26/2014 - 16:23 | 5594110 Everybodys All ...
Everybodys All American's picture

Volume hasn't mattered in yrs. as this is now a centrally controlled market. Call it whatever you like but it's not capitalism.

Fri, 12/26/2014 - 16:37 | 5594156 El Hosel
El Hosel's picture

Looks like a Ponzi, Trades like a Ponzi, too good to be true like a Ponzi.

Fri, 12/26/2014 - 17:01 | 5594235 bid the soldier...
bid the soldiers shoot's picture

LOW FLOAT STOCKS MAKE LOW FLOAT INDICES

[$10 trillion into the DJIA stocks in 6 years]

 

"One Ponzi Scheme to Rule Them All"

Fri, 12/26/2014 - 17:24 | 5594289 economists_do_i...
economists_do_it_with_models's picture

-50% drop for crude oil from it's high...yet stocks are higher during that time?  No way in hell they can keep that fairytale going forever.  I do not see any upside until after there are a slew of bankruptcies and/or bailouts of energy/financial companies.

Fri, 12/26/2014 - 18:02 | 5594382 Greenspazm
Greenspazm's picture

Just eat the shit sandwich. The "best before" date on the shrink wrapper doesn't expire for another year.

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