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Buying-Panic Sends Nasdaq Green On The Week Amid Europe's 2nd Best Day In 4 Years

Submitted by Tyler Durden on 05/08/2015 11:26 -0400

UK election surprise raises Brexit referendum risk; Greek default imminent; Payrolls miss and revised drastically weaker... can only mean one thing - front-run central banks and panic-buy stocks and bonds...

Think we are exaggerating the panic... the opening TICK count was the highest in 3 years!!!

Nasdaq finally made it back into the green...

and European Stocks have their best day in 5 months... (and 2nd best in 4 years!)

after shitty jobs numbers in America sparked a surge in Europe...

Charts: Bloomberg

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Fri, 05/08/2015 - 11:28 | 6072985 Thisisbullishright

Do I keep building my position in UVXY or should I get a hammer and just sit here and pound myself in the head all day??

Seriously, anyone??

Fri, 05/08/2015 - 11:31 | 6072997 NoDebt

That's a tough one. Is there perhaps a third choice you are overlooking?

Fri, 05/08/2015 - 11:32 | 6073004 Thisisbullishright

Drink myself silly?

Fri, 05/08/2015 - 11:35 | 6073012 Soul Glow

You're still day trading?

Just buy some silver coins and sit back and relax knowing none of this will end well. Guessing when it will end isn't going to make anyone happy.

Fri, 05/08/2015 - 11:48 | 6073060 spastic_colon

what time is the market going to break today?..........oh wait

Fri, 05/08/2015 - 12:13 | 6073144 KnuckleDragger-X

There will be mushroom clouds rising and Wall St. will set new records. Everything you were raised to believe in has either been degraded or destroyed, so line up with the rest of the cattle and head for that big white building or hunker down and dig in and prepare to ride the storm out. Not great choices, but it's what we have left to work with....

Fri, 05/08/2015 - 11:39 | 6073018 Keltner Channel Surf

Kinda like buying a perpetual block of tickets from a lottery drawn on the surface of Halley's Comet: even if you're eventually a winner, only with perfect timing can you ever collect.

Fri, 05/08/2015 - 11:29 | 6072990 Frank N. Beans

Buying panics are fine, selling panics not so much (for the Federales).

Fri, 05/08/2015 - 11:31 | 6072996 SHEEPFUKKER

Buying panics are the new selling panics.

Fri, 05/08/2015 - 11:35 | 6073014 nscholten

That was rolling the dice. i almost went long the S&P but didn't have the trading platform open. Might as well sell on a down day. The move today has already been made. Maybe buy a 1 week (long) option if price isn't to crazy.

Fri, 05/08/2015 - 11:33 | 6073005 Soul Glow

Cameron is the best patsy money can buy and the Fed's POMO desk rolls on. Hyperinflation of all assets continues.

Fri, 05/08/2015 - 11:34 | 6073009 SheepDog-One

Gotta keep trying to shift into 6th gear while still in the parking garage.....faster.....moar!

Fri, 05/08/2015 - 11:35 | 6073016 The Bell Rang

This is just the conclusion of an abc counter rally i talked about on wednesday. Look for a reverse very soon.

Fri, 05/08/2015 - 12:56 | 6073282 jtz5

Did Elliott wave predict a move from 666 to 2125 and not a 10%+ correction in 3 years? TA doesn't mean shit in this corrupt casino. There is no such thing as price discovery anymore.

Fri, 05/08/2015 - 11:39 | 6073027 skbull44