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Furious "Plunge Protection" In Final Minutes Fails To Push Stocks Green For 2015
The worst 2-week run of the year for stocks leave Dow, S&P, and Trannies red for 2015...
Yesterday's dead-cat-bounce died... and then the algos went berserk and ramped us above VWAP into the close... what a total joke.
Don't think it was the machines - then how did we end perfectly at VWAP!!?
And here is the lever... smash VIX 1 handle lower... (and note VIX higher and stocks lower after the close)
But in the day, small caps outperformed - what a joke!!!!! look at it
On the week,Trannies tested red but bounced, Nasdaq underperformed...
Leaving The Dow, S&P, and Trannies red year-to-date... the panic-buying idiocy into the close was all the machines trying to get S&P green YTD
This was the worst 2-week run for The Dow and S&P since early December... but Small Caps are green for March...
So let's take a look at the turmoil...
Crude was Carnage'd under $45...
The Euro Baumgartner'd below the crucial 1.05 and could not get back up...
Yields on the week dropped 11-14bps with the long-end erasing all the Jobs-data losses...
The US Dollar saw its biggest week since September 2011...
And biggest 2-weeks since Lehman!!
Commodities performed relatively well in the face of the USD explosion... all apart from Crude...
And finally... because it's all about fundamentals
Charts: Bloomberg
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oops, i forgot to btfd
Who cares what the Slop n Pee does? You're still in the market, you get what you deserve.
Cue ".....and it's gone!"
Yeah..."""markets""" at work.
Or the tribe.
Either way, you are not among the chosen.
watta joke.....LMFAO
Lots of stress....gonna pop or break hard
Don't Baumgartner that Euro, my friend..
How can you trade treacherous markets? It was clear after 2008, that the dice were loaded, the casino was corrupt.
Stacking gold, silver, and lead.
Why would you want to go into the weekend less than balls to the wall long? With all the pent up de-escalation in the east, CB jawboning, and governmental deficit can kicking.
This cat was feeling froggy so I jumped. Picked up an April Put on the S&P 10 at 3:50 p.m.
I'm making over $7k a month working part time. I kept hearing other people tell me how much money they can make online so I decided to look into it. Well, it was all true and has totally changed my life. This is what I do... www.globe-report.com
Yer a fuckin coke whore.....fer now anyways.....
Shorted ES at 4:05!
it will end bad
I like that last bit about "fundamentals"...
Shit, I don't even need to put it in quotes but some people are slow.
Happy Friday, where's Putin?
Dead.
Paternity leave.
like always- working or don't talk to much.
VWAP
what the hell is VWAP?
Here: http://bit.ly/1b8r3mB
A few years ago, while bored, I thought up a dozen or so, including:
Vacuuming Web-traders’ Abundant Pennies
Vortex Where Assholes Proliferate
Visualize Wonderbra Attachment Phail
usd rise against eur 0,50% a day this month
dollar lossing currency war
they got no ammo left. QE magazine - empty. Fed still waffling about tightening sometime, so a reversal to QE4 will utterly trash their reputation. Market therefore needs to totally crater to justify QE4 - but its so fragile, will they even be able to save the day like in 2008 ?
Thats why the Fed is sitting on its hands while the $US keeps rising
Yes, because the banks are sitting pretty with trillions of counterfeit Bernanke bucks in reserve. They even gave the banksters permission for stock buybacks this week!
http://www.youtube.com/watch?v=8NZKLZmz4kA
Yup... also, fuck the algos and the algorithms they rode in on. Next week is going to be super wild, first Greece defaults, then the Fed increases the rates then shit starts hitting. But the Fed has a great scape-goat in the form of a Greek default.
What kind of 'bad' do you expect?
Weimar inflation or Japanese eternal recession?
Regarding the crazy IWM bounce from ~20 DMA to almost Unch: of course machines involved, though I also think fund managers reacted to the dollar by shifting money from large caps. We've seen this on big dollar move days. So they sold early, and redeployed to avoid holding too much cash before the FOMC.
Fuck you Bernanke.
Pretty much sums it up.
I keep cutting back on the shopping because i see the prices here and then I go to the store.
"Bailout tycoons."
Got the axe at SA again for stinking up the joint. That place makes the Vietnam War look honest and trustworthy.
They still fight it tho...wouldn't have it any other way for some totally insane reason.
Shooting up the Police Station in Ferguson? Really?
I've been in a race riot. Food riot too. That was on our side of "the pond" I might add. These folks either don't understand or don't care. The pictures out of Syria simply defy description.
Any who...
Preview For Next Week
BOJ holds policy Sun Night
Fed surprises on the 18th with a rate range cut threat moving the range from -0.2% to 0.25%
Goldman released a lowered target range for Euro for par by Sept. Well it's March and we are at 1.04 - Yes, Goldman is covering the short Euro now and leading the muppets into slaughter for the Fed meeting Thursday.
"Algo WTF" lmao...gawd I love Dr. Durdens incredulity..
It was fun to watch today.. almost as much as yesterdays farce.. fucking incredible to say the least, no rhyme no reason
There is no sannity clause, but wait...it IS the ten year anniversary of Jim Cramers show. Something to celebrate...
This market is easy to game and make a fortune either way. If you use stop buys or stop sells they work almost as much as frontrunning the orders by HFT.
IF your pocket is deep enough to wait it out every time, sure.
"Janet Don't Lose That Number" by Steely Dan
We hear you're tightening, that's OK
I thought our wild market ride had just begun
I guess somebody scared you - did Fisher pull a gun?
But you could have a change of heart
Janet, let's roll a number
Before you make a move you might regret
Meditate in the forest by yourself
Janet, let’s roll a number
It's the only drug you want
You can tell them you have glaucoma
If you get caught
I have a friend in town, he's cursed your name
We can hit your PING driver toward Plosser’s home
We could stay inside and read Keynes, I don't know
And you could have a change of heart
Janet, don’t lose that number
You won't want to smoke anything else
I'll teach you to roll them by yourself
Janet, don’t smoke two numbers
You’ll get more stoned than you want
You should get some barbecue Pringles
On your way home
You tell yourself “it takes all kinds”
But now you ask me where you can find it
What about that change of heart?
After all the QE I´m surprised there are still stocks to buy...
Endless just like the fiat money supply.
How much do you want?
Gotta keep those 401k statements looking bright or the herd may start getting nervous and asking questions instead of being a nice reliable and compliant crop of Coppertops.
12 trading days to paint the quarterly 2/20. Granma will say/not say the 'right' thing. That will be her instructions.
Pffffft. there is no PPT...Art Cashin said so
Did anyone aske about the ESF instead ?
FWIW: I believe the bounce back at the end of the day is short covering. Why risk your gains that something like FedSpeak or some other news that causes the market to rise back. Typically when I short the market I close all open shorts by Friday afternoon to lock in my gains and avoid losses, if the market soars on Monday on some fitiicous news.
i remember back in the good old days of 08 when you wanted to be short on the weekend, so the "good" news could come out over the weekend and open with a 20 point down or even lld.
He is Steve Liesman's Jiminy Cricket.
Hey why haven't you guys written anything about Putin & Kremlin telling reporters to stick around?
The FED owns the algos. That is all.
The Fed is the algo.
Amen to that.
No computer tries to manipulate anything.
Computers are just the curtain that the people pulling the strings and levers hide behind.
Unfortunately, the Fed is going to blow the shorts out of the water again next week. If they don't remove "patient" we will be at new ATHs by Friday as ridiculous as that may be
The yellow dog is getting a little pissed me thinks...
Rob Kirby on Who’s Behind Rigged Markets: Shadow of Truth Episode #10
http://thenewsdoctors.com/?p=296502
HLF led the way. Missed Bloomberg TV today, but wonder if they had Bill on...
Soon by decree the un-fed will just publish the fact that the markets are under their direct control for the good of the peoples!
No longer will any wild swings be tolerated, it will be a nice smooth ride to DOW 50,000 on the way to never-never land.
It's best that people understand a true free market is harmfull for them. It must be controlled!
Cuddle up to the breast of your overlords...Serfs!
What can we expect then the Fed 'solved' the problem of the Depression of 2006 [that is when house prices started to tank costing the US some 8-12 trillion dollars]?
Debt is astronomical, interest rates are zero or less, government spending is out of control, social programs are funded almost entirely on debt [into deficit!] and unemployment [U6 of about 11%] is too high.
This means that nearly ALL the key financial metrics of the US government are warped. And, Jingo Janet is wiling to hike interest rates and sink the bond market?!! Read this: http://www.bis.org/publ/work483.pdf
Global dollar credit: links to US monetary policy and leverage Robert N McCauley,1 Patrick McGuire2 and Vladyslav Sushko3,4 Abstract Since the global financial crisis, banks and bond investors have increased the outstanding US dollar credit to non-bank borrowers outside the United States from $6 trillion to $9 trillion. This increase has implications for understanding global liquidity and monetary policy transmission. We analyse the links between US monetary policy, leverage and flows into bond funds, on the one hand, and dollar credit extended to non-US borrowers, on the other. Prior to the crisis, global banks drew on low US dollar funding rates and easy leveraging to extend dollar credit to non-US borrowers. After the Federal Reserve announced its large-scale bond purchases in 2008, however, investors responded to compressed longterm US Treasury rates by buying higher yielding dollar bonds from non-US issuers. Thus, US unconventional monetary policy contributed to shifting the balance of dollar credit transmission from global banks to global bond investors.
Somebody has more debt than they can now handle if rates rise.
jmnsho rycK
FYI:
CFTC’s Market Risk Advisory Committee to Meet on April 2, 2015
(not on April fools day?)
CFTC Commissioner Sharon Bowen is the sponsor of this Advisory Committee.
The MRAC will discuss issues related to: Current risk management techniques employed by Derivatives Clearing Organizations (DCOs) to ensure that the appropriate measures are in place to address the potential default of a significant clearing member; and the evolving structure of the derivatives markets, particularly with respect to Swap Execution Facilities (SEFs).
The meeting is open to the public with seating on a first-come, first-served basis. Members of the public may also listen to the meeting via conference call using a domestic toll-free telephone or international toll or toll-free number to connect to a live, listen-only audio feed. Persons requiring special accommodations to attend the meeting because of a disability should notify Petal Walker at (202) 418–5794.
What:
Market Risk Advisory Committee Meeting
Location:
CFTC Headquarters lobby-level Hearing Room
1155 21st Street, NW, Washington, DC 20581
Date:
Thursday, April 2, 2014
Time:
10:00 a.m. to 1:30 p.m.
Listening Instructions: To listen to the live audio feed, call the toll or toll-free numbers listed under Related Links. Call-in participants should be prepared to provide their first name, last name and affiliation.
Conference call information:
Domestic Toll Free:
800-779-9086
International Toll Numbers:
International Numbers
Conference Passcode:
CFTC
Members of the public who wish to submit written statements in connection with the meeting should submit them by April 9, 2015. Written statements should be submitted by mail to: U.S. Commodity Futures Trading Commission, Three Lafayette Centre, 1155 21st Street, NW, Washington, DC 20581, Attention: Office of the Secretary, or by electronic mail to: secretary@cftc.gov. Please use the title "Market Risk Advisory Committee" on any written statement you submit. Any statements submitted in connection with the committee meeting will be made available to the public, including publication on the CFTC website, www.cftc.gov.
Wake me up before you go go
Hyperactive sector rotation and buy/sell HFT flock of Starlings!
protocol #20
Replace sound investment with speculation
done
Bitcoin on the week. $270 up to $289
Wow, at 7% per week, it will double in 10 weeks. So $600 by June 1, 2015. $1200 by August 15th. $2400 by November 1st. Over $4000 at Xmas. Yahoo!
Some real bad Karma is going to bite the Feds,Algo's,Investment Banks and others Ass real soon.
Thinking along those lines too.....for a few years now...
I stayed out of the casino today. I watched the Nikkei, DAX and the relentless $usd buying through the Asia & London open. It's obvious the $usd cow is getting milked for all she's got before the Fed. on the 18th. One thing that I did notice, is that there was a lot of short covering in F/X about 10 minutes before the markets closed.
Bond yields didn't move much, which indicates that traders aren't afraid to jump back in after the Fed. next Wednesday.
What an excellent day for an exorcism.
Get the Holy water ready.
To hell with the unicorns Tyler.
We need to see the devil puke on the fundamentalists.
my favorite part of fridays , is when they have that douchebag david durist from morgan stanley on cnbc at days end.
its comical listening him talk about ''fundementals'' that will move the market the following week. its as if he has been living under a rock for the past 6 years and still does not realize that the only thing that moves the ''market'' is the fed.
btw, nice fucking ppt buying at days end.
they couldnt have made it more obvious
I think I just heard on FRANCE 2, that Belgium is planing to issue currency for use in state only. Kinda like Disney dollars
this is 401k distribution month. it will take something extraordinary to take the market down this month. april, may is going to be the bitch this year if the market is to really tank.
so far, everything is pretty orderly but the market really wants to go down but where will the money go? bonds? push them to negative? get paid to own your home?
The DAX went absolutely mental this week. There's a new bubble in German stocks being inflated with this index up over 20% YTD. Because there's zero risk in owning stocks with a heavy exposure to Europe, isn't there?
No soup for you
I have full confidence in the plunge protection team, all in!!!
Believe it or not you can buy relatively cheaply portfolio insurance that pays out as you investments fall.
If they dont fall you can even cash in your insurance and get in the region of 80% cash back and if your portfolio rises, then you can add to your insurance on an incr3emental basis as the stocks keep rising.
Anyone without it in this market is an idiot and most have some stocks or bonds even if its in thier employers or their own 401 or even a life policy or endowment
After two weeks of falling, it seems safe enough to assume the long awaited market collapse has begun. The Dow and the S&P 500 have made clear five wave declines, the first step necessary to identify a long-term trend change...
Dow
http://www.globaldeflationnews.com/dow-jones-industrial-averageelliott-w...
S&P 500
http://www.globaldeflationnews.com/sp-500-indexelliott-wave-update-for-w...