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Crude Carnage Sends Stocks Lower Despite Last-Hour Buying-Panic

Tyler Durden's picture




 

For all the clever chaps claiming stability in oil, we have one message after today's bloodbathery...

 

Following the same template as last week, crude oil dumped after the pump post-DOE inventories and collapsed to a $47 handle briefly - erasing all February's gains...

 

AAPL also had a tough day to start with... before it announced a media day in March (who could have expected that?) which sent the algos into a frenzied panic-buying meltup...

 

Neither of which helped stocks as it appeared the supposedly "good" data - specifically a notable MoM rise in real wages - sparked fears that it was exactly the excuse that Yellen and The Fed (as various speakers today confirmed) need to remove patient in March and hike in June... "good" news indeed was bad news for stocks... but as soon as 1500ET struck - with absolutely no news whatsoever - stocks decided it was ramp time...

Nasdaq and Small Caps just exploded once AAPL started moving and the last hour was just crazy - as every index moved in perfect sync...

 

Here is the last hour of trading in US equity markets today... make sense? These are equity portfolios containing extremely varied sets, weights osectors individual entities... and yet they float perfectl;y higher in sync on a sea of seemingly endless margin...

 

Seems like oil was the driver today...

 

On the week, the last hour buying panic was all about geting the S&P 500 into the red for the week...

 

With stocks and bonds recoupling...

 

And bad news for bonds...

 

And sent the USDollar soaring... to its highest since September 2003

 

EURUSD broke 1.12 briefly - how much further does it have to fall?

 

Despite the USD strength, gold, silver and more so copper gained on the day as oil prices collapsed...

 

 

Charts: Bloomberg

 

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Thu, 02/26/2015 - 17:06 | 5832819 Tsar Pointless
Tsar Pointless's picture

Pointless.

Thu, 02/26/2015 - 17:54 | 5832997 dimwitted economist
dimwitted economist's picture

As gas Jumps Here to $2.50 a Gallon!!! makes perfect sense...

Thu, 02/26/2015 - 20:40 | 5833571 WhackoWarner
WhackoWarner's picture

Circa 1971 my dear and wise Mom told me what paper fiat and gold was,

Little housewife paid cash for a swimming pool, addition to the home, vacation property and some ease for the grandparents courtesy of her knowledge that gold was money and Nixon was a liar.

And she paid for this from her "pin money savings".

I have been watching serial rape for so long I am now a blithering idiot singing Pinky songs.

Did not make sense in 1970 (or before) and now has just become ludicrous.  Beyond all belief I wonder why the Tylers are not all buried under a vat of martinis by 9 am when the news feeds are perused.

Wonder to me that any commentary that is not screaming "FIRE GET OUT"  is even being broadcast.

Who exactly is delusional in this current scenario?

 

Thu, 02/26/2015 - 20:49 | 5833604 WhackoWarner
WhackoWarner's picture

Oh and. I think the TIN foil hats right now belong on different heads.  Not mine,

When the government, it's politicos, the bankers, the captured journalism, the bought off NGO, the bankers, the brainwashed economics majors who were never taught to think,,,,when these people become so paranoid regarding any challenge to their opinion?  I HEREBY donate my tin foil hat.  Has served me well.

Fri, 02/27/2015 - 05:13 | 5834629 rocker
rocker's picture

Another article for them to rally OIL on.

Thu, 02/26/2015 - 17:07 | 5832821 FieldingMellish
FieldingMellish's picture

More like gold and silver round tripped... again.

Thu, 02/26/2015 - 17:13 | 5832845 wrs1
wrs1's picture

Yes, what utter pieces of sit they have been, total loser trades.   At least you know you can buy the dip with oil.  It works every time and oh by the way, the months gains were not at all erased for producers because we get paid based on the average closing price for the month and that has been over $50 for the bulk of February.  

Thu, 02/26/2015 - 17:38 | 5832929 max2205
max2205's picture

Aapl zipping around up 7 billion or down sometimes 7 billion a day..Fucking crazy

Thu, 02/26/2015 - 18:08 | 5833057 winchester
winchester's picture

get oil, put fed, add some fiats, shake and mix, put in your ass, swallow head upsidedown, last optional, go fuck yourself on highwway.

Thu, 02/26/2015 - 18:50 | 5833207 BringOnTheAsteroid
BringOnTheAsteroid's picture

It's meaningless. So fucking what if the market cap went up 100 billion. We will all understand what is important when clean drinking water and food can't be taken for granted.

Thu, 02/26/2015 - 17:18 | 5832864 Kaiser Sousa
Kaiser Sousa's picture

its so fucking phony and obvious...

americans save in and work for a worthless piece of green paper while the Asians and Russians laugh at how fucking stupid the US banker controlled government are...

DEATH TO TNE MONEYCHANGERS...

Thu, 02/26/2015 - 18:09 | 5833060 bag holder
bag holder's picture

iPhony

Thu, 02/26/2015 - 17:08 | 5832824 Keltner Channel Surf
Keltner Channel Surf's picture

QQQ/IWM:  Another pathetically low volume machine beat-down of long and short-term shorts alike, VIX’s used to fake then slam, a week the ‘indiscriminately-long-as-Pinocchio’s-nose’ trade beat out all the fancy-ass stuff you did w/ Wilder’s DMI.

Thu, 02/26/2015 - 17:08 | 5832828 kowalli
kowalli's picture

after 1 to 1 hell will go out

Thu, 02/26/2015 - 17:09 | 5832831 Oldwood
Oldwood's picture

carnage and panic will soon reconverge with their original meanings

Thu, 02/26/2015 - 17:10 | 5832833 disabledvet
disabledvet's picture

Hooray!

 

Cease Fire in Ukraine holds!

Thu, 02/26/2015 - 17:10 | 5832834 NoDebt
NoDebt's picture

And Obama banned bullets today, too.

Shitty day all around.

Thu, 02/26/2015 - 17:22 | 5832880 1fortheroad
1fortheroad's picture

Yea, keep your guns, good luck getting ammo though.

 

Guns dont kill, bullets do!!

 

Thu, 02/26/2015 - 17:29 | 5832898 GoldenGeezer
GoldenGeezer's picture

You've never been pistol whipped have you?

 

 

Thu, 02/26/2015 - 17:35 | 5832913 Squid Viscous
Squid Viscous's picture

already covered by drudge and worldnetdaily, with a full analysis by those two geniuses Hannity and O-Reilly tonight...

 

they're taking our guns!!! lol of all the things to worry about, that might be the fucking dumbest,  

 

Thu, 02/26/2015 - 17:44 | 5832955 Mentaliusanything
Mentaliusanything's picture

Arbitrage action extraordinaire. The Mexicans are going to have a new income stream.

When will .Gov Learn..... Every thing you do sucks bucks

Thu, 02/26/2015 - 18:18 | 5833095 nailgunnin4you
nailgunnin4you's picture

Guns have always been a favourite symbol for the US peons to cling to. They may be obedient slaves bent over by their rulers everyday and fucked out of a life worth living, they may be too dumb or too chickenshit to do anything about it, but they got their guns.

 

 

Please China or Russia end their misery now, I grow tired of their exceptionalism.

Thu, 02/26/2015 - 18:24 | 5833118 NoDebt
NoDebt's picture

Yeah, and what do you cling to in your bastion of liberty and free enterprise?  

Name the country and I'll tell you the stupid shit you "cling" to.  And I won't even mention soccer because that would make it too easy.

 

Thu, 02/26/2015 - 19:14 | 5833297 Tall Tom
Tall Tom's picture

No problem Squid Viscous...Bullets do not penetrate armor anyway...

 

But this penetrates armor...Polyethylene Glycol Dinitrates

 

We have plenty of Antifreeze in this Nation. And Nitric Acid is just far too easy to obtain...So is Sulfuric Acid easy to obtain...

 

Here is how to make it...

 

www.wydawnictwa.ipo.waw.pl/cejem/Cejem-8-3-2011/Matyas.pdf

Thu, 02/26/2015 - 19:23 | 5833315 Tall Tom
Tall Tom's picture

I agree. Russia and China need to strike. And the USA will unleash everything that they have and will counterstrike.

 

I hope that you live through it so you can enjoy suffering in the misery of the aftermath. You deserve that inheritance.

Thu, 02/26/2015 - 20:48 | 5833600 overmedicatedun...
overmedicatedundersexed's picture

tom you are a nasty boy, do you wear body armor 24/7? chemistry is our friend.

Thu, 02/26/2015 - 17:11 | 5832835 101 years and c...
101 years and counting's picture

German exports of Beamers and Mercedes will soar as US exports of financial fraud will drop due to strong dollar.

Thu, 02/26/2015 - 17:14 | 5832848 Rainman
Rainman's picture

I going all in on the crude dump and pump theme ... see you in Monte Carlo bitchez !

Thu, 02/26/2015 - 17:15 | 5832853 Keltner Channel Surf
Keltner Channel Surf's picture

“7 Chinese Hackers”     courtesy of R.E.M.

The smell of sweet & sour pork, women offers, pull up a seat
Drank 3 free Suntory’s now, brain spins ‘n’ rattles
Laptop sleep on wake reveals password Post-It color
Special characters could not spell the birthday of your daughter            

7 Chinese hackers stalling your promotion
7 Norton scans won’t sweep away the pain
They'll return, they will return

This mellow, sweet Shaoxing wine, woman offered, sipped a pair
Checkin’ eHarmony now -- guess I lost that battle
Beat your heels like Man of Steel to restroom’s seedy corner
Back too late to see Admin rights become 7 others

7 Chinese hackers causing your demotion
18 malware scans won’t sweep away the stain
They will return, they'll return …

Thu, 02/26/2015 - 17:18 | 5832857 Squid Viscous
Squid Viscous's picture

NAZ 5000 or bust, otherwise they look impotent.. then 6,000 just because, it's all numbers on a screen nobody expects to get paid back in "dividends" - that's like so last century

Thu, 02/26/2015 - 17:20 | 5832870 1fortheroad
1fortheroad's picture

The con must go on!!

 

Not fcc approved

Thu, 02/26/2015 - 17:19 | 5832872 wmbz
wmbz's picture

It is a beautiful sight to behold, a well oiled Bankster machine doing it's all for the good of the common man!

Thu, 02/26/2015 - 17:25 | 5832882 taketheredpill
taketheredpill's picture

 

 

No bankrupt Frack-Cos, no bottom Oil.

 

Thu, 02/26/2015 - 17:24 | 5832883 Sir SpeaksALot
Sir SpeaksALot's picture

this is all a one big joke, and it stopped being funny 2 years ago.

I am officially fed up with markets not being real markets, I may consider reconfiguration of this reality. I am literally this || close from doing that.

Thu, 02/26/2015 - 17:27 | 5832895 Traderone
Traderone's picture

They gave me a nice stretch down below Vwap in ES and kindly rallied  back to it for me, I think these algos are getting a raw deal what with the bad publicity and all.

 

Thu, 02/26/2015 - 17:27 | 5832896 czarangelus
czarangelus's picture

You know there was a time that Apple was a computer company.

Well, I guess there was a time that Chrysler was an auto company instead of a financial robber baron...

Thu, 02/26/2015 - 17:31 | 5832903 LawsofPhysics
LawsofPhysics's picture

Making real shit is hard.  Financial "engineering" is not.

Thu, 02/26/2015 - 17:31 | 5832904 Squid Viscous
Squid Viscous's picture

Apple media day?? with gay porn, and free lube?

Thu, 02/26/2015 - 17:52 | 5832951 silver surfer
silver surfer's picture

Its just sad to see the markets today. In the beginning it was open outcry trading with a paper trail.

Then computer trading networks arrived, and now both human traders and the paper trail is mostly gone. 

Most Markets have now become dark pools full of electronic gambling houses filled to the brim with machines trading derivatives, futures, bonds, stocks, and securities based on sly trading algorithms.

All trades are electronically cleared and held in street name by ClearStream and Euroclear in Europe, and the Depository Trust & Clearing Corporation DTCC in USA. Just one or two counterpartys... think about that, its insane!

This is the new world of electronic wash trades, endless front running, quote stuffing, and stop loss hunters. It all runs on leveaged bets backstopped by the centralbanks, financed by the taxpayers, and pensionfunds around the world.

These predatory trading practices hinder any real price discovery. The High Frequency Trading parasites and gambling houses fools the masses, sucks the real economy dry, and kills it. 

Thu, 02/26/2015 - 18:47 | 5833196 Comte d'herblay
Comte d'herblay's picture

You appear to be fairly grounded and aware of much of what is going on but what is wrong with, say, the "price discovery" of AAPL, or TASR??  WOR or IBM??

These seem to be welll discovered and fair.

What is missing in the trading practices that seems to not reflect iself in the 'truthiness' of  the shares?

 

 

Thu, 02/26/2015 - 17:45 | 5832954 SillySalesmanQu...
SillySalesmanQuestion's picture

What are they serving at Apple media day? Crapple pie, Crapple Snapple, Crapple cider, Crapplesauce, Crapple Angry Orchard, CrappleJacks...

Thu, 02/26/2015 - 18:02 | 5833033 Keltner Channel Surf
Keltner Channel Surf's picture

They'll unveil the iVacuum, which sucks up all your discretionary income, while providing stereo sound

Thu, 02/26/2015 - 17:49 | 5832977 R19
R19's picture

Anyone have a free source for the EURUSD ST Swap Rate Model chart? Looks cool. Thanks.

Thu, 02/26/2015 - 17:52 | 5832985 q99x2
q99x2's picture

Damn I bought so many dips I'll have to sell some bitcoin to get in on this one. One thing for certain, with central banks all jacked in and the NWO having to pay for ramping up to WWIII you gots to be BTFD bitchez.

Thu, 02/26/2015 - 18:06 | 5833045 Archetype
Archetype's picture

Must. Reach. Above. VWAP.

Thu, 02/26/2015 - 18:43 | 5833184 Comte d'herblay
Comte d'herblay's picture

For the last 6 months or more, I have noticed that earnings and guidance, are proving once again to be affecting stock prices.

Knocking as much as 40% of prices for even minor misses.

This seems a radical departure from the past 6 years.

 

Thu, 02/26/2015 - 18:54 | 5833223 cheech_wizard
cheech_wizard's picture

Anyone have access to actual trading algorithm source code? I suppose some research is in order on my part, but I figured I might ask here first.

 

Thu, 02/26/2015 - 19:37 | 5833351 Hohum
Hohum's picture

It's just a redistribution of claims on wealth--to the favored.

 

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