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Dismal Data Sparks Biggest Stock Ramp In 5 Months

Tyler Durden's picture




 

From selling-scramble to buying-frenzy on the same dismal data... While this clip seemed appropriate...

Perhaps this one is more appropriate given the magnitude of the schizophrenia...

 

So, here it is in all its glory... Bad news is bad news becomes bad news is awesome news... not entirely surprising we closed on the weaker side after this idiocy

 

Biggest open to close ramp in 5 months

 

Leaving Cash Equity indices up (apart from Trannies) from Thursday's close...

 

How long until AAPL is included in The Dow Transports? (when they make the iCar)

 

With the biggest short squeeze in 3 months...

 

VIX-banging was the order of the day... (VIX ended the day higher despite the epic surge in stocks)

 

Biotechs closed red...

 

Treasury yields surged higher - unwinding all the compression of Friday... (yields up 5-8bps across the curve today)

 

 

FX markets were a total farce...

 

EURUSD imploded in the last hour and USDJPY ran all its stops...

 

Gold closed higher on the day (despite a surge in the USD) as Silver and Copper slipped and crude ripped...

 

With WTI soaring by th emost in 2 months... narrowing the gap to Brent and once again double-ramping to recent highs...

 

 

Charts: Bloomberg

 

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Mon, 04/06/2015 - 16:09 | 5964425 pods
pods's picture

This was called Friday. Jesus wasn't the only thing rising from the dead this weekend.

pods

Mon, 04/06/2015 - 16:17 | 5964466 Hype Alert
Hype Alert's picture

Market to the Fed, "Who's the bitch?"

 

All it took was one Cramer meltdown back in 2009.

Mon, 04/06/2015 - 18:23 | 5964894 max2205
max2205's picture

Just because it's Monday doesn't mean you can skip the fucking bonus chart.......

Mon, 04/06/2015 - 21:11 | 5965358 asteroids
asteroids's picture

Pathetic volume. Easy to ramp.

Mon, 04/06/2015 - 16:23 | 5964489 dimwitted economist
dimwitted economist's picture

Fuck yeah... this Recovery is the shit! 

Mon, 04/06/2015 - 20:50 | 5965313 JustAboutThatAc...
JustAboutThatActionBoss's picture

BloodMoon was Rising

 

Where's my air sick bag!

Tue, 04/07/2015 - 01:29 | 5965821 blowing winter
blowing winter's picture

Start working at home with Google ! Its by-far the best mixed bag of goods I've had. Last Thursday I got a trademark new Bmw since getting a check for $6474 this - 4 weeks past. I began this 8-months ago and immediately was coming with house at least $77 per hour. I work through this connection, go.to tech marker for work detail.... www.globe-report.com

Mon, 04/06/2015 - 16:09 | 5964427 Rainman
Rainman's picture

It a Dudley ZIRP 4-eva rally !

Mon, 04/06/2015 - 16:10 | 5964432 aliki
aliki's picture

CNBC now has a guy on saying that since its a nice day, our markets should outperform.

ive never seen just how the "power of weather" influences the economy so much in my entire fucking life.

Mon, 04/06/2015 - 16:10 | 5964433 rlouis
rlouis's picture

Central banks buying the dip.

Mon, 04/06/2015 - 16:15 | 5964434 ekm1
ekm1's picture

I give to this system weeks, not months, to be allowed by central command to crater.

 

We'll find out soon who the sacrificial lambs are.

I don't think central command will change the mind again this time as they did in october 2011 and may 2013

Mon, 04/06/2015 - 16:15 | 5964451 Hohum
Hohum's picture

You ought to write a novel.  Sounds exciting.

Mon, 04/06/2015 - 16:20 | 5964477 ekm1
ekm1's picture

I have put my money where my mouth is.

Ultra short oil with puts expiring mid june

Ultra Short Barclays with puts expiring mid 2016 I think barclays has been appointed to be Lehman number 2

 

Lose all, or win big.

Mon, 04/06/2015 - 16:24 | 5964490 Rainman
Rainman's picture

That's the spirit , soldier !! 

Mon, 04/06/2015 - 16:16 | 5964462 TeethVillage88s
TeethVillage88s's picture

I called for an April 2015 Crash last year. Starting to get close.

Seems like we got by all the Continuing Resolution issues and Debt Ceiling Issues, but we have GDP problem, Confidence Problem, Jobs Problems, Unemployment, and US Reputation is stained as a blundering, careless global aggressor pushing EU into War.

Will it be Total US Debt or collapse in Confidence in the USD??

Others are saying end of 2015 will be it.

Mon, 04/06/2015 - 16:21 | 5964483 ekm1
ekm1's picture

I don't see those as factors.

I follow saudis and iran entangled with Greece.

I think saudis have given ultimatum about rates. Just my view

Mon, 04/06/2015 - 16:48 | 5964590 TeethVillage88s
TeethVillage88s's picture

Yeah I think I am missing something my brain is muddled.

US Can't afford a war and can't police the whole globe. If US has to be in 2 Regional Wars with Full Divisions that might trigger market to turn against the US Credit or USD.

I'm not sure I see a problem with Oil Prices cause a war. We have demonstrated that we don't care if prices are $4 a Gal for Gasoline. Low Oil prices could Energize Big Oil Companies to Lobby for War, but not sure who the Target would end up being. If they turned it against Iran I think it would be too soon to move since their army can die in Iraq for years and years and is very large. Could be the would see profit in Return to Iraq to defend investments in pipelines and wells there. Iraq seems the likely War, but we can't fight with full Division in another region at the same time without huge Spending and Exponential Debt with Federal budget north of $4.5 Trillion.

Which is why I think Debt is the real problem. Households can't afford more taxes or more credit.

Mon, 04/06/2015 - 16:32 | 5964521 Chupacabra-322
Chupacabra-322's picture

There cannot be a full blown out collapse without WWIII. Total Complete Full Spectrum World Domination & depopulation Agenda cannot be achieved without a distraction or some event to blame it on.

Mon, 04/06/2015 - 16:38 | 5964554 TeethVillage88s
TeethVillage88s's picture

I agree most collapse will look like 30% loss of USD Value or 50% - 70% of stock market. Not a total collapse.

And I'm not sure how fast we can fall into a "Hot" World War either. We could posit that we had a WW III in the Cold War and that we are in a WW IV at this point already starting with Kosovo or Afghanistan.

But we have to go "Hot" and divert national Resources and recycle material from households with a Draft to really feel like a World War. The financing angle has me thinking they would Nationalize some or all Financing... I just don't have a picture on that.

Mon, 04/06/2015 - 16:11 | 5964435 richiebaby
richiebaby's picture

Things are so bad, they're good!

Mon, 04/06/2015 - 16:29 | 5964506 IridiumRebel
IridiumRebel's picture

Tomorrow Greece will exit and we will hit 21k.

Mon, 04/06/2015 - 16:11 | 5964436 Kaiser Sousa
Kaiser Sousa's picture

if there is a more manipulated fraudulent market than the phony paper Silver market please tell....
i was gonna buy over the weekend but knew they were gonna fuck with the paper price today...
how obvious can they make it with that parking of the paper price right below $17 at the close...
precipitated by the Dump at the NY open and concluded with the waterfall in the last hour of trading on the fucking Crimex...
http://www.kitco.com/charts/livesilver.html
http://www.livecharts.co.uk/MarketCharts/silver.php

thanks...will stockpile more debt coupon dollars for a larger purchase later fucking asshole bankers....
DEATH TO THE MONEYCHANGERS......

Mon, 04/06/2015 - 16:17 | 5964463 Al Huxley
Al Huxley's picture

Don't worry Kaiser, I think the paper pushers are really on the ropes now!  Those jobs numbers Friday - now everyone KNOWS the Fed can't raise rates - those Comex bastards have had a good time writing their own rules for the past bazillion years, but now they're finally going to get caught with their pants down!  I know this has been speculated before, but look at the performance today, why gold was up WELL over 1200 and only gave back 40% of it's gain into the close - so you know they're scrambling behind the scenes.  I haven't checked KWN, but odds are that Andrew McGuire is updating us on the chaos in the London physical market AS WE SPEAK.

Mon, 04/06/2015 - 16:27 | 5964503 Kaiser Sousa
Kaiser Sousa's picture

i do agree that the extent to which they r so blatant at capping Silver below $17 is in equal parts desperation and as always perception management...

as for Andrew, though i appreciate KWN and his insights i have kinda of tuned him out because he has been wrong about too many things and his claim that HSBC was closing their Gold Vaults was not substaintiated....

just sayin...respect....

Mon, 04/06/2015 - 16:13 | 5964442 Tsar Pointless
Tsar Pointless's picture

Just another day in the Greatest Country in the WorldTM.

Mon, 04/06/2015 - 16:13 | 5964444 Traderone
Traderone's picture

Switch off your enemy (your mind) and just trade your trading plan. We don't have to make sense of anything.

Mon, 04/06/2015 - 17:29 | 5964734 PeeramidIdeologies
PeeramidIdeologies's picture

Atta Bot!! See the robot gets it. No need to cling to what you THINK is real. It is not. Notice how the bad data pushes the market up? Now watch how the FED talks it down. Now ax yourself....How can this go on for?

Mon, 04/06/2015 - 16:22 | 5964448 ebworthen
ebworthen's picture

The worse things get the more bets will be made on continued ZIRP and central bank QE - which means things will just get worse while people think they are getting better.

Mon, 04/06/2015 - 16:15 | 5964453 Keltner Channel Surf
Keltner Channel Surf's picture

"A Day in the Market"  by The Beatles

I read the news today, oh boy
About a Jobs report that missed the grade
And though the news was rather sad
Well, I just had to laugh
I saw the markets ramp

It seems they thought bad news was good
They didn’t notice that the rules had changed
A crowd of traders stood and stared
They’d seen this act before
Nobody was really sure if they should fade the FOMC
. . .
(Woke up, my screen was red
Sat around to wait for the Fed
Found my way outside and drank a cup
And looking up, I noticed it was 2
Used a keyword subroutine
To find the changes by the FOMC
Found “tepid” growth, and that further QE
could go either way, so I went into a scream)
 
I read the news today, oh boy
Four thousand holes in the Fed’s Lift-off plan 
And though the holes were rather small
They couldn't plug them all
Now they know how much QE it takes stop the market’s fall
They'd love to turn it on

Mon, 04/06/2015 - 17:01 | 5964644 Automatic Choke
Automatic Choke's picture

stop it keltner, stop it....you're killing me !!!!

+1000

(and yet another keyboard, due to massive coffee spit all over this one. i oughta buy 'em by the dozen.)

 

Mon, 04/06/2015 - 17:38 | 5964759 Keltner Channel Surf
Keltner Channel Surf's picture

Thanks.  For a cheap AMZN purchase, I recommend the Dell SK-8115, the last passable keyboard they made.  The thin, flat wafers shipped with recent Dells are only usable by 2nd grade girls to text their friends.

Mon, 04/06/2015 - 17:16 | 5964686 oudinot
oudinot's picture

Well done!!

Mon, 04/06/2015 - 20:41 | 5965292 The Shootist
The Shootist's picture

Logged in just to up arrow this.

Mon, 04/06/2015 - 16:22 | 5964485 Make_Mine_A_Double
Make_Mine_A_Double's picture

It'll be an external that throws a hammer through the looking glass.

There is not a snowball's chance in Hell Greece comes up with 2 billion or so in change between now and tail end of May.

I don't know what or when it takes, but the cycles are getting shorter and shorter and the Fed is getting much more brazen and out in the open with manipulation.  

Mon, 04/06/2015 - 17:36 | 5964755 PeeramidIdeologies
PeeramidIdeologies's picture

Yup, the cycles get shorter and faster and crazier and scarier until you can make any sense of what's about too happen!?!

Then they do exactly what they said they were gonna do.

And all the big money says.....?

Ps Greece is a red herring now. It's in the news so nobody talks about the "other guys"

Mon, 04/06/2015 - 16:24 | 5964491 adr
adr's picture

I can't wait for $3.50 gas on $55 oil.

I thought each year over the past six were bad. 2015 is shaping up to make those years look like the greatest party you've ever been to.

It's April but nobody has bought anything. I guess we just start writing off half the year and basing economic growth on the back end even though it never really show up.

Mon, 04/06/2015 - 16:25 | 5964492 Chupacabra-322
Chupacabra-322's picture

In a comical aside during the interview, Oliver asked Snowden to make the issue connect with Americans by bringing up whether or not the government is analyzing people’s “d*** pics.”

“If you have your email somewhere like Gmail, hosted on a server overseas or transferred overseas or [if it] at any time crosses outside the borders of the United States, your junk ends up in the database,” said Snowden. “Even if you send it to somebody within the United States, your wholly domestic communication between you and your wife can go from New York to London and back and get caught up in the database.

“The good news is, there is no [government] program named ‘The D*** Pic Program,’” says Snowden. “The bad news is they are still collecting everybody’s information, including your d*** pics.”

-Edward Snowden

http://washington.cbslocal.com/2015/04/06/snowden-to-oliver-nsa-has-the-...

Mon, 04/06/2015 - 16:45 | 5964578 Chupacabra-322
Chupacabra-322's picture

Peaceful Non Compliance / Non Participation into the Criminal Fraud UNITED STATES, CORP. INC. System of Debt Bondage & Enslavement will prevail.

Stop CONSENT. Pack a Gun & Pay No Tax.

Mon, 04/06/2015 - 16:27 | 5964500 disabledvet
disabledvet's picture

"I said LICK MY BALLS." Cartman.

Mon, 04/06/2015 - 17:41 | 5964771 RSDallas
RSDallas's picture

Pure unadultrated Fed purchases!

Mon, 04/06/2015 - 18:35 | 5964928 KashNCarry
KashNCarry's picture

But Hedge Fund Legend Julian Robertson still likes bio-techs...

Mon, 04/06/2015 - 20:36 | 5965282 Whiskey Tango Texas
Whiskey Tango Texas's picture

Plunge protection readiness exercise day ... nothing to see, keep buying.

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