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Dow Swings 750 Points In SloMo Meltup; Bonds, Bullion Battered
Fears over ECB crackdowns on Greek banks started the turmoiling. Denials carried it on, then good housing data was bad news until it was good news... With moar HFT algos driving today's manic volatility (and Sarao in court), we thought this apropos...
Dow Futures swung over 750 points intraday...
And futures show the volatility was widespread...
But cash indices all closed higher, led by Trannies (small caps lagged) - Mission Accomplished: NKY > 20,000; Dow >18,00; Nasdaq > 5,000; and S&P > 2,100
On the week that leaves Trannies in charge and small caps lagging...
Notice we reversed lower towards the close as S&P Futs tagged yesterday's openiung highs - just another stop run!
Everything today appeared to pivot around the Housing data...
Treasuries were clubbed like baby seals... leaving 30Y yield up 14.5bps on the week (8.5bps today) in a major steepening post housing data. 10Y Yields hit 1.99%
Worst day for the long-bond in 7 weeks pushed yields to 5-week highs.
3rd day in a row that Treasuries have been sold in the US session
The Dollar ended the day very modestly higher thanks to USD buying duringh the US session (which is unusual)... Swissy was baumgartnered...
Despite the dollar's quietness, commodities all lost ground with gold and silver monkey-hammered... and copper continuing its slide (and hitting contango)
Crude prices spiked on the smallest of production cuts but then humans realized that in fact it was Alaska that had cut.. and prcies tumbled back to red on the day...
But that didn't stop energy stocks from rallying to new high valuations...
Charts: Bloomberg
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Does anyone else out there think this might be manipulated??? or is it just me.........hehehehehehe......hell even the shoe shine boy won't touch this steaming pile of dog shit
10y bunds and Tsy .... each down exactly 0.62% .... doesn't make me a bit suspicious .
Oh fuck this nonsense. Just crash already.
Nah, they put the manipulator in jail. It's all good now. ;)
I freelance over th? internet and earn about 80-85$ an hour. I was without a job for 7 months but last month my paycheck with big fat bonus was $15000 just working on my computer from my home for 5-6 hours. Here's what i have been doing... www.globe-report.com
Or you can earn $100/hr. by being a plumber. It's work, but if you think your local plumber who runs his own gig isn't doing well...think again.
Who's paying you this bonus by the way? What value are you producing for others?
someone somewhere is printing money to throw into the inferno!
Jewbux all around!
This is only the beginning. Just wait until they REALLY get serious. S&P 2300 by 2016.
Rumors and rumors of rumors, the market has escaped reality completely.......
Yeah, I heard that rumor too.
This is just so much zebra manure.
...a flying sheep's queef, if you will.
Purely from a daytrading standpoint, one of the few “normal” days in 2 ½ months: opening selling vacuum down to major MA’s on the index with the best Daily chart technicals (SPY), then a strong bounce with other indices rising in sympathy, falsely attributed to Home Sales data (we fell sharply through 10:15, SPY 20/50 DMA was algo catalyst). No bizarre 5-hour horizontal stasis, no sine wave shenanigans. (By "normal" I mean machine-controlled standard)
Yet scarcely a peep out of the VIX, which retreated back to a near term low. Perhaps we need a VIX for the VIX.
This is like a tsunami video clip, where puzzled tourists are enchanted by the retreating waters. Not one animal died that day, unless they were in close company with humans.
Been long and hard since 2009. Keep buying the dips bishez..
You should have called your doctor after 4 hours.
Keeps the hoes happy bruh
The only thing long and hard is Lloyd's dick in your right ear.
“Your (Algo’s) Song” by Elton John
(to be sung by your favorite algo)
It's a little bit giddy, this feeling inside
That’s not the sort of trade one could easily hide
I don't have much money but, boy if I did
I'd mortgage my house and fade everything you did
And don’t tell anybody that was your trade
It must seem quite obvious, now that it's failed
I hope you don't mind, I hope you don't mind
That I took the other side
How wonderful life is while you're in the market
I sat on the pivot and captured your loss
Well, a few of your trades
Were like a rhino playing lacrosse
But I know I’ve not been kind to you in this song
But you must learn quickly, or you’ll never last long
So excuse me forgetting, but my memory’s not strong
You see I've forgotten if you were short, or were long
Anyway, the thing is – I hate to be so mean …
Yours were the dumbest trades I've ever seen
But, I won’t tell anybody that was your trade
It’s really quite simple, ‘cause now
You know you’ve been played
I hope you don't mind, I hope you don't mind
That I offer these words:
How difficult trading is in a post-algo world
Yes
Facebook beats (according to MarketWatch), so escape velocity tomorrow.
Ebay just beat too. it's quite a game.
Now I've seen everything!
My Islamic Faith Prevents Me From Paying Interest on My Student Loanshttp://www.huffingtonpost.com/steve-rhode/my-islamic-faith-prevents-me-f...
ChristStains used to be against usury also but the Jews put a stop to that.
Well the Roman Church became Christians, so... who are you talking about here.
Not that I think you are being Catty.
I'd buy more gold if it wasn't for all the money I lost on gold.
Don't worry. It will be much more affordable for several more years.
I hope so. If you bought phys would you trade it in for 3000\oz?
What about 30000?
U have to decide if you are storing wealth or not.
Next if you traded, what currency would you want to trade into??
Perhaps you would want Swiss Franc instead if USD. Perhaps Canada with its mining & Gas & Petroleum would have a strong value?
I don't get it Tylers seems like a life insurance policy, vested, paid up to state limit, could earn like 6% or 7% each year and allow a healthy monthly payout to keep it below the state limit, tax free.
- Stocks, no way, even blue chips and big Cap Stocks are unknown risks and subject to warfare
- Bonds, are you kidding, high yield muni are full of risk and all bonds are subject to warfare
- Property & Real Estate, No, subject to maintenance costs, insurance rate rises, property tax increases, non-payment by Insurance, Rodents, Water Damage, Inflation of Home Depot Prices, who knows what Risks
- Precious Metals, maybe a small portion of portfolio unless you can get gold for $500, $600, $700 an once or silver for $8 an once
- CDs, not now we are at .5%
- Bank Individual Savings Account, not now
- Buy up Tax Debt on Properties to take over Title, sort of um-ethical
Era of Wealth Preservation in full bloom since investments are limited to Businesses which by their nature are RISKY.
So Survival Gear might be Best?
- Food, Seeds, Long Shelf Life Items
- Alcohol of most kinds
- Tools, Work Shops
- Guns & Ammo, and Reloading Gear
- Recycling Materials & Supplies, Raw Materials, Processing Chemicals
- Cold Weather Gear, Camping Gear, Generators, Emergency Equipment, Survival Gear, Sleeping, Cooking, Toilet Paper, Toilet Kits, Medicine with long Shelf Life, First Aid Gear, Lumber, Nails, Duct Tape, Bailing Wire, Electrical Wire commercial Grade, Barrier Material, Fencing Material, Bunker Material, Water Purification Tools, Devices, Filters, Chemicals
Does ZH ever put out anything new?
Just keep the stories up and change the date
So much easier
Again...pure speculation...sure looks like massive short covering to me.
Since inflation traders are massively short Government debt and the dollar they're being forced to sell SOMETHING as real estate gets annihilated.
So they sell treasuries at the long end causing the dollar to surge, commodities to get hammered and equities to "melt up."
All with ZERO recovery and "divergence" in interest rates between the world's other two reserve currencies.
Meaning treasury rates and the dollar still have room to run (meaning lower rates=stronger dollar.)
I say again: the Fed must start charging the Banks interest...or else...
The whole shit show is comical at this point. The only thing more pathetic is watching a fat chick on the dance floor.
Or just watching fat chicks period. Talk about a boner killer.
SSSSSPPPPPPPPOOOOOOOOOOOOOOOOOOOFFFFFFFFFFIIIIIIIIIIIINNNNNNNNNNNNGGGGGGGGGGG
Closed California Walmart Built On Former Military Industrial Complex Site
What the hell is BFTD? It's seen in the 3rd chart
Buy The Fkn Dip
its melting up like magma in greenland
BILL GROSS! BILL GROSS! BILL GROSS!BILL GROSS! BILL GROSS! BILL GROSS!BILL GROSS! BILL GROSS! BILL GROSS!BILL GROSS! BILL GROSS! BILL GROSS!BILL GROSS! BILL GROSS! BILL GROSS!BILL GROSS! BILL GROSS! BILL GROSS!BILL GROSS! BILL GROSS! BILL GROSS!BILL GROSS! BILL GROSS! BILL GROSS!
Bill who?
big boyz are selling and moving to the sidelines and PPT moves it back up
crash is coming when all big boyz are safe and PPT pulls the plug
you have been warned
Nice rhyming
I Robot
Observation: Bonds keep sliding, and will continue to do so, but Stocks keep rising.
Q: Extrapolated out (months or years), is it theoretically possible for Bonds to crash, but for Stocks to remain high? IOW, is there a scenario where stocks could be used as a mechanism to park money during a Bond collapse?
Or are stocks being held high to keep the much bigger Derivatives market from becoming unbalanced and then imploding/exploding?
Any experts? Tyler?
Bill who?