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Early Dip Becomes Manic Rip After FT's "Greek Non-Haircut Haircut" Article
Anyone trying to trade today's equity, bond, or crude markets likely feels like this now...
An epic day of intraday volatility in almost every asset class (except precious metals) as shitty macro data in the US was trumped by 'hope' that an FT article on a Greece solution would save the world (but is in fact a non-starter).
A haircut that "avoids the need for such a term" pic.twitter.com/XVeJRYu2Q9
— zerohedge (@zerohedge) February 2, 2015
To translate - this afternoon's manic buying panic was because Greece requests a debt reduction under a more palatable name...
Wild swings today...
Managed to scramble S&P 500 cash index back above the crucial 100DMA...

S&P tops 2,000 and the 100DMA
Were stocks trying to catch up to oil's meltup?
Bonds were not buying the exuberance at all...
Energy stocks led the day... from the NYMEX close yesterday stocks are mostly flat...
All thanks to the USDJPY ramp
But Energy credit was not falling for it again
On the day, Treasury yields ended modestly higher...
And thanks to the late-day exuberance, the USDollar rallied back to almost unchanged... thanks to USDJPY's surge
and commodities were relatiovely well behaved apart from crude...
which was total craziness...
Charts: Bloomberg
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Yawn....
I though we were closed for the month for FSA month, I mean black pity month
Hair cut = 25 USD ... Hair Style = 65 USD.
Let's "style" our debt, that will get the gals!
Regards,
Cooter
Saved by the thesaurus yet again!
and, it only took a week for the new finmin to play along, and now "reassure" the "markets". i wonder how many 0's it took for him to turn???
Listen It's already racist. "They're" 12.5% of the population and only get one month.... which is 1/12th or only 8.3%, plus they were given the day or 3 short month of February. So quitchur bitchin' and pay your taxes like Al Sharpton.
The enemy is inside the wire.......
BROKEN ARROW!
What is happening in the world now reminds me of 911 when the people in charge told the
occupants of the WTC to stay put and not try to leave the building. The media today is telling
everyone to stay in the markets and not to panic. I smell smoke and I am getting out now
before the panic.
Seriously I think this markets accelerates upward tomorrow. Just a hunch. Maybe karma bites me in the ass with my comment and goes to 0
Today was right out of the 2011 EU-crisis playbook.
Rand Paul in EPIC on-air tirade against CNBC:
http://tinyurl.com/ov46ttr
I see that Rand is being smeared with the anti-vaxxer brush.
Must be presidentin season?
Pull this finger...
Don't forget to sell gold too...that's what a good rumor is for, after all.
UNBELIEVABLE!
all this shit is truely NOT believable.
This cluster fuck is going to end so badly.........This country is so Fucked!
It's a financial Jonestown.
God as my witness, I could have swore I saw Three Peaks and a Doomed House pattern in my charts - Gartman.
When he turns bullish again tomorrow morning maybe he'll notice the even more subtle legs-akimbo inverted camel toe pattern he missed today.
Ah yes, the old Triple Lindy Beaver Dam formation. Unmistakable.
My haircut was too short. Does this mean I need to apply Rogaine?
Your hair may of recently been shortened but you ABSOLUTELY DID NOT GET A HAIRCUT!......now quit saying that word. lol
I think we can call a bottom in oil prices now.
Oh, so you like that? I feel a bet coming on. Any takers on some action here?
I looked at my charts and I can clearly see a waltzing dildo in a ram's ass pattern. This is highly bearish for oil.
I'd say with 10% of the national refineries output on strike, we will see a price spike.
http://www.bloomberg.com/news/articles/2015-02-01/oil-workers-in-u-s-beg...
Not sure I'm ready to call the bottom just yet.
Let's see how long this lasts.
Gartman is even better than Stolper.
Next it will be the Sun newspaper with a headline that a cat got stuck up a tree to get the algo's all hot 'n bothered.
Fuck FT - to bypass their firewall, install User Agent Switcher for firefox and create a new agent and put this in the settings:
Mozilla/5.0 (compatible; Googlebot/2.1; http://www.google.com/bot.html)
this recovery is the shit!
Stawks, bawnds, and real estate are the three official asset classes hot money is allowed to go into. All other areas will be targeted and squashed by the central planners at the fed.
"Stawks, bawnds, and real estate " I am glad I got one of those right.
all perfectly normal....
"HAIRCUTS! HAIRCUTS! WHEN WILL YOU PEOPLE BE SATISFIED? WHEN WE·RE ALL BALD?"
(Salsipuedes runs around the room pulling his hair out until he collapses into a heap near the mini-bar.)
when the greeks start selling ' smart debt engineering ' , you know the bottom of the rabbit hole is near.
Their just selling the same shit back to the EU that they received a few years ago. Actually not a bad idea if they plan on staying.......which they shouldnt.
Gartman gets it right AGAIN! Oh wait......
I do not understand. Who is going to forgive or buy more Greek debt? I'm not too smart but I'm not buying.
All I see is default ( for us too )
No one will forgive their debt. People will buy it if the ECB ultimately will buy it from them through QE. As long as the greeks play ball with the troika, this shitshow goes on.
But how long will the Germans support an ever increasing ECB money printing scheme - to eventual hyper=inflation - they have been there before!
Good question!
As long as THEIR banks need to.... the G people are being wanked like in Greece by the SAME combine; where do you learn your facts?
Who is the red ballon happy man in the pic.....love that guy!
If you buy colloidal silver online, check the ppm's. My last bottle of 500 tested out at 132. Also, keep it stored in zero light or your ppm's will keep dropping.
Make your own !
The action in this market is beginning to look a lot like 2008 and 2001 ... sweeping downs followed by powerful dead cats. It is certainly different than the BTFD's of the last five years. I think 'This Time it is Different' may just becoming true
Looks all lke new normal market activity...
EXACTLY
The "ZOMG MOAR wild shit happened todayz" is getting a little boring.
The wild shit is normal now. We're in uncharted territory and people keep going "wow this is very strange". No it's pretty much expected.
The party continues until it is over....
Best to participate and leave just before the cops show up.
Really. Overall volatility is up. I can remember my grandpa reading the WSJ and saying stuff like "...too much volatility here."
It just repeats.
It used to be more like an AC sine wave, now it's like "The Fed is using a new modified pulse-squared sine derivative wave" or some such BS from the FED.
Tylers, It may be time to start posting some bogus headlines to really fuck with some of these algos.
Don't worry, we will wink and nod and comment accordingly.
Radio Shack bit the dust today.
I bet one of the early offers was to erect a statue in the public square with "We Owe the ECB 250 Bilion Euros", so the debt wouldn't go away (come down) until it was paid off, but Greece could start over.
that fat lady
I am telling you that is a lot of work
all those fat folds
warm, moist, dark and deep
a great place to grow yeast
sure is hard to keep the lower 40 clean
love is blind