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Greek Tape Bomb Crushes Payrolls Euphoria, Takes S&P Back To Red For 2015
Everything was awesome until the middle of the afternoon...
And then the world was reminded about GREXIT fears and that the global oil collapse is far from over... and things changed on the day...
Still, stockholders can't complain - the Dow's best week since 2011.. thanks to very last minute manipulation up 20 points
UPDATE: After the cash close... VIX was smashed even lower and S&P Futures pushed higher...
But Biotechs worst week since October...
As it led all major indices on the week -= but note the ugly close today
Utes were monkey-hammered today as rates soared...
On the day things were extremely volatile... as stocks roundtripped gain from Jobs, ramped into the European close, then tumbled on Greek downgrades, Rig Counts, and Greek ultimatums...
Internals shifted earlier in the day when we saw "Most shorted" decouple...
and VIX decouple...
Stocks end the week with a dump and then a desperate ranmp which got The Dow perfectly unchanged YTD!!! Are you fucking kidding me?!! S&P 500 is red for 2015 still...
Behold the magic of efficient markets - a perfect levitation to Green YTD!!!
Treasury Yields exploded on the week (no really they did)
30Y yields topped 2.5%, rising 13% on the week for the worst week since Jan 2009...
The USD ramped all the way back to unchanged on the week today after the jobs print...
Commodities ened teh week very mixed. Gold & Silver dumped, Crude and Copper jumped...
Notably Crude and copper are unch from payrolls as gold and silver bore the brunt of the USD surge
At the end of the day, Silver, Gold, and Bonds lead in 2015, the S&P is still negative...
Charts: Bloomberg
Bonus Chart: "Because... fundamentals"
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seriously... JUST BUY THE FUCKING DIP
the so called "Market" is Fucking FAKE... the sheeple want to Believe it's REAL and that their Money is SAFE....
Brian Williams for Fed Chair!!
Will Brian Williams tell us all when we've hit the bottom of this dip? It's getting more difficult to tell now that all the Central Bankstas are printing at the same time.
Everything is a lie.
Everything IS NOT a lie! Notice the My Little Unicorn is pukin rainbows in he headline pics! THIS is reality! LOL
Right between the eyes!! Milestones
The truth is - any government that can control high asset prices can loose control of high asset prices.
BTFD now and STFH before it becomes STFD.
I wouldn't mind dipping into the bottom of Brian Williams' daughter, although that's perhaps a discussion for a a different thread.
It's the children using margin to bankrupt themselves. They were 3 years old in 2000.
The most dangerous thing on the planet is a fucking sheeple!
"SAFE" HA Ha ha
dimwitted economist
the sheeple want to Believe it's REAL
Wrong!
Any ability of awareness by the sheeple has been destroyed by religion believes, corporate propaganda, television, and our indoctrinated educational system.
So, the sheeple is too simplistic, thus incapable of critical thinking and honest inquiry.
that regular way up and way down is perfect for the brokers. they get the commissions on the empty exuberance and on the needling fear.
And I have this almost unreal feeling that Monday will be crazy Green again too. <scratches head>
Frelling insanity.
Ugly close. Right.
If you like your 3:30 ramp, you can keep your 3:30 ramp.
The Dow jumped 54 point in the final half-hour of trading. Stabeelatee!
a complete fucking farce....
Efficient as a Volt.
You mean in the final 5 seconds, the down jumped at least 30 points right at the 4pm close.
The market indexes are as fabricated as the jobs and inflation numbers. All of it is manufactured bullshit .
The lone exception is physical AG and AU, and both happen to be on sale today.
Stacks don't lie
"All of it is manufactured bullshit ."
Of course it is.
The Fed Govt hasn't told the truth about anything since the Kennedy Assassination and the Warren Commission coverup!
NQ trapped longs above Globex high and then trapped shorts below Yesterday low, that is all, thank you.
Wait, wait, did the most shorted NOT get squeezed today? WTF gives here? That ain't new normal!
That's Monday.
Yeah, but aren't Fridays supposed to close green? What gives here?
We're green for the year, so the efficient market figures that's good for the weekend.
They're losing their touch then. Bring on the newer new normal if they can't get it right. How are people going to make money BTFDing otherwise?
just kick some ass, i mean can as in greece da skids one moar time.
they are under the bed waiting to hear if da check is in the mail
Yeah, jobs and economy so awesome FED can raise rates.
C'mon Janet, 1% at the least!
Silver back down below $17! Thank you! Thank you! Thank you! I have all weekend to buy some more at these discount (I mean manipulated prices). In fact, I’m buying silver for the next batch of 100 candles that I make (https://www.etsy.com/shop/ScentSavers?ref=hdr_shop_menu )
It will help keep my prices low when silver goes back up to its real value (mining costs are at least $20/per ounce). This way the candles will be able to help educate more people!
Take this opportunity trade in your funny money for some of the real stuff!
Candles? Pffttt....I make soap out of bags of liposuction fat
to the sounds of bleach and nevermind and in Australia tumbleweed, smudge, falling joys as articulated in generation x
all nostalgic now reminds me of a time before having to operate in a client's best interest and phat stacks of comms most illin
MOAR SNOW MEANS GREATER SEASONAL REVISIONS...... WHOOOOOOOO!!!!!
This entire episode would be hilarious if it didn't have disastrous repercussions for the real economy. The higher the stock market goes, the worse things get in the real world. Same with 1929, 1999, 2007, same with now. It becomes impossible to do real honest business when the only business flourishing is criminal fraud.
Right after CNBS says Grexit is a net positive for the Eurozone, Mr. Efficient Market puked it all up.
ECRI sort of pooped on the jobs report...
https://www.businesscycle.com/ecri-news-events/news-details/economic-cyc...
I'm on Top of the Book lookin' down on creation
And the only explanation I can find
For why my orders never fill, and my profits remain nil:
Virtu clubbed me off the Top of the Book
Everything I want markets to be
Just won’t come true, thanks to the SEC
And the reason is clear -- it's ‘cause HFT is here
You're the nearest thing to hell that I have seen
Someone in the market has no shame
Yet they’re tellin' me that things are still the same
In the rebate of fees to the very firms that squeeze
There's a bleak sense of unhappiness for me
I'm on Top of the Book lookin' down with frustration
As the clearest explanation that I’ve heard
For the losses I’ve incurred, from predation so absurd:
Virtu hung me from the Top of the Book
Twice with the Carpenters? You are pushing your luck.
Yes, I figured that's it for them, but given it's Friday, I wasn't in the mood to tackle anything too literary, like Belle & Sebastian, Dylan, etc.
I'm thinking HELMET at this point...In the Meantime
https://www.youtube.com/watch?v=tN_AEyjASTY
Bread. The Carpenters. Whomever. Keep it coming! If they're this good, I don't care whom you are parodying. Just do it!
Bravo Sir!
Harvey 'TWO-FACE' flipped a coin and it said I live this time, so I'm just supposed to walk away, huh?
Soldier's Joy, indeed...
Of course, 'Run Lola Run' is still holding onto a sliver of hope! Muah Papi!
The bankers will be saved period!
Sad as it may be...:(
O.W.
Even Central Bankers eventually run out of power.
already screaming a/h... suck it shorts
Don't people realize that facts and hard numbers have no meaning anymore?
So true! My old lady just got canned two days ago. She is a CP. Looks like the company is going under. 5 other people got canned as well on the same day! Out of 30 employees, management has no employees! LOL!
She got 6 months severance pay, so it's not so bad. She probably would have a new job today but she is spending the weekend in Aspen CO. for her daughters birthday.
Was told by my brother and sister that my Mother just passed away.
Drinking a lot ! Sucks to be today!.
Sorry to hear that. That's a lot to deal with.
Pouring my first shot of the night. Here's to getting through the trials life always puts us through.
Bottoms up.
Pouring another...
Note to all the 18 year olds who were 3 in the year 2000.
You're in over your heads.
BLS lies was the news today, not Greece.
Believe what you will amateurs.
I hope someone wises them up quick or there won't be enough of them left to bury their financial dead.
It's really not their fault, they've never seen a correction before. Oh sure, they've sat around the fire and heard grandpa tell stories about the "Dot Com" bubble, but they can't even find DotCom on the ticker now, it must have been bought out by Apple or something.
Poor little dears.
They're being "programmed" to self-destruct by a hedge fund model that doesn't work anymore. No model works in a rigged game. The house wins more often than players. Vegas is more honest than WS.
The only thing that 18 year olds are thinking about is when they're going to get laid/drunk/high again. If you force them to think about such boring subjects like BLS figures, then they might begin talking about killing all the old people.
You give 18 year olds WAY too much credit.
and one of the most crippling aspects of trading is the assumption that the past will dictate the future
enjoy the short squeeze until things get really out of control
Looks to me like someone, ahem, sold gold and silver to buy stocks.
That last chart was Dick Cheney's EKG... you can't fool me...
That's some pretty serious Chart Porn.
Just can not get enough of that E-Trade Baby!!
n/t
awww! My widow Unicorn™!
Top of the list ?!!!
Say this one has mileage at least through the weekend!
Looks like they spent all their stock pump money today crushing gold, silver and platinum.
I actually think the CME did in Gold, Silver and Platinum with their higher margin requirements yesterday. This forced a lot of "paper" futures holders to dump to meet the new margin limits.
In fact the only margin that did not rise was stock market futures (because stocks can only go in one direction!).
You are wise, grasshopper
BTFD Its software stupid.