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Manic-Selling Becomes Panic-Buying As Stocks, Bonds Rip Into The Green

Tyler Durden's picture




 

"impressive" manic-depressive?

 

 

As the machines run stops to the Payrolls print...

 

And bond yields take the stairs higher and elevator down...

 

But did the v-shaped recovery just run out of stop-running steam?

 

Charts: Bloomberg

 

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Tue, 05/12/2015 - 11:15 | 6085002 nope-1004
nope-1004's picture

.gov fingerprints everywhere.  "Free market" .... lmao

Tue, 05/12/2015 - 11:16 | 6085008 order66
order66's picture

Whoever did that had some serious buying power. Or $400 day margins.

Tue, 05/12/2015 - 13:56 | 6085674 Weaponized Innocense
Weaponized Innocense's picture

They aren't as rich as they used to be but with some fudge and some bots~ viola!
It's all gonna be okay!
U know those who invest in America are the real terrorist!

Tue, 05/12/2015 - 11:46 | 6085126 Firepower
Firepower's picture

Just REMEMBER
YOUR BIGov IS safely controlled by our betters who revere the founding fathers because they look JUST LIKE them:

Bernanke, Yellen, Jeh Johnson, Sir Erick The Holder, Loretta The Lynch and Barack Husseini Al-Obama!

Tue, 05/12/2015 - 12:21 | 6085243 SirBarksAlot
SirBarksAlot's picture

Family resemblance.

Tue, 05/12/2015 - 12:37 | 6085300 ZH Snob
ZH Snob's picture

so, all it takes is to buy early b4 the PPT steps in, wink, wink.

Tue, 05/12/2015 - 11:21 | 6085014 Ham-bone
Ham-bone's picture

Bond rates rising and falling in a most peculiar manner across all advanced Ponzi's...interesting considering China, Russia, and OPEC net collectively stopped buying US Treasury debt as of July '11...and since then it's been all about The Fed's Backdoor QE - QE via Central Bank Currency Swaps and foreign Treasury purchasing.

It was Japan plus Belgium, Luxembourg, Ireland, Cayman Islands, and Switzerland via currency swap fueled purchases that saved the US from interest rate armageddon...Article details those nations with Fed swap lines vs those without...and guess which group of foreigners is buying all the US Treasury debt...

http://econimica.blogspot.com/2015/05/the-feds-backdoor-qe-central-bank.html

Are we approaching a limit to the Ponzi???  I can't imagine any limit to how far CB's would go...so, not sure what we are looking at here?  Is the recent bond volatility a sign of weakness or strength for TPTB?

 

Tue, 05/12/2015 - 11:28 | 6085046 gatorengineer
gatorengineer's picture

I would have suspected its part of a great rotation from Bonds to equities... Equities shoudl be rising against falling bonds....

Tue, 05/12/2015 - 12:01 | 6085174 GMadScientist
GMadScientist's picture

The "Greater Water Weenie" Theory under which no capital is ever destroyed. How's that no-friction perpetual motion machine thing going?

Tue, 05/12/2015 - 12:22 | 6085245 Law97
Law97's picture

Except that the Wall Street sell side has just spent the last 5 years pushing the idea that low bond yields is precisely what justifies such high equity valuations.  The new normal is high stock AND bond prices.  But you make a good point, that the historically inverse relationship has been turned on its head since 2008. 

 

It will be interesting to see the Wall Street Ponzi-peddlers try to walk back their propaganda that equities are inversely correlated to yields.  Now with yields blowing out, let me guess:  not so much now ...

Tue, 05/12/2015 - 12:32 | 6085287 indygo55
indygo55's picture

"It will be interesting to see the Wall Street Ponzi-peddlers try to walk back their propaganda "

They dont care. They will just change their story and insist that is the way it always was. Lie, lie, lie. They dont fucking care.

Tue, 05/12/2015 - 12:21 | 6085239 Goldbugger
Goldbugger's picture

There is a natural order of thing in the universe. Everything has a limit.

Tue, 05/12/2015 - 11:33 | 6085016 Dr. Engali
Dr. Engali's picture

Never fear. The republicans..... you know those guys who are the same but different from the democrats, are coming to rescue "Obama's" Pacific trade agreement:

Liberal senators imperil Obama trade bill

 http://thehill.com/homenews/senate/241699-liberal-opposition-imperils-tr...

 

I thank God every day that we have somebody in there fighting for us.

Tue, 05/12/2015 - 11:20 | 6085018 Kaiser Sousa
Kaiser Sousa's picture

its so hilarious...

look at what this shithole of a country has become...

look at the complete desperation of these banker fucks...

SIlver and Gold must be bought...

if u dont, u r a M O R O N..............

Tue, 05/12/2015 - 11:20 | 6085020 SERReal1
SERReal1's picture

To anyone who says the markets are not rigged, I say you are deaf, blind, and dumb.

Tue, 05/12/2015 - 11:26 | 6085040 NotApplicable
NotApplicable's picture

Tommy?

Tue, 05/12/2015 - 11:22 | 6085022 madbraz
madbraz's picture

bond yields take the "elevator down"?  have you looked at the rate of change higher in the last 12 days?  that is really the elevator up that you should be talking about - on nothing.  it would be elevator down if yields fell 30 basis points from here in a few days.

Tue, 05/12/2015 - 11:22 | 6085023 FreeShitter
FreeShitter's picture

We know these fuckers are rigged, but when is this shitshow coming back to reality?

Tue, 05/12/2015 - 11:25 | 6085037 valley chick
valley chick's picture

Been wondering the same thing since 2010.

Tue, 05/12/2015 - 11:26 | 6085041 gatorengineer
gatorengineer's picture

Why does it have to? Why cant we have full employment on paper, and be in a depression with 2500 S&P?  I dont see these things as mutually exclusive any longer

Tue, 05/12/2015 - 12:00 | 6085171 GMadScientist
GMadScientist's picture

Mortuaries: growth industry.

Tue, 05/12/2015 - 11:27 | 6085043 NotApplicable
NotApplicable's picture

There is no back. There is only through.

And the next reality won't be real either.

Tue, 05/12/2015 - 11:24 | 6085029 thismarketisrigged
thismarketisrigged's picture

like i said in another thread, the ''markets'' will be in the green by 11 am.

 

its just so fucking blatant at this point, they dont even care anymore to hide it.

 

fuck these moneychanger bastards, they must fucking be punished.

 

raid every fucking bank on wall st and arrest these bastards, from the janitors to the ceos. anyone who works for a bank is a fucking scumbag, no matter ur position.

Tue, 05/12/2015 - 11:32 | 6085074 valley chick
valley chick's picture

Sideways after 11:30 till the 3:30 rampfest. Same as it ever was. 

Tue, 05/12/2015 - 12:07 | 6085190 Kaiser Sousa
Kaiser Sousa's picture

"from the janitors to the ceos. anyone who works for a bank is a fucking scumbag, no matter ur position...."

thats how i see...that "im just tryin to make a liviing" or "im just follwoing orders shit" aint gonna cut it with me.....

Tue, 05/12/2015 - 11:25 | 6085036 SillySalesmanQu...
SillySalesmanQuestion's picture

SLEEP

CONSUME

OBEY

DO NOT QUESTION AUTHORITY

Tue, 05/12/2015 - 11:32 | 6085072 cn13
cn13's picture

I love the smell of desperation in the morning.

The banksters are running scare.  The bond market meltdown is for real.

Tue, 05/12/2015 - 11:32 | 6085073 A_latvian
A_latvian's picture

Notice how bond prices (inv yield) now trade WITH the S&P? This is foreshadowing. When the crash happens, both stocks will plummet AND yields will skyrocket. This is because there will be no "flight to quality," it will instead be phrased "going to the mattresses."

Tue, 05/12/2015 - 11:50 | 6085138 ZoroAustrian
ZoroAustrian's picture

Yep, I've been expecting this too.  And the dollar is going to drop with them too.  It will be a wholesale repudiation of the US dollar system.  But who really knows when that shoe will drop.  Could be happening now, could still be years away.

Tue, 05/12/2015 - 11:32 | 6085076 DavidC
DavidC's picture

This feels so close to a flash crash today.

DavidC

Tue, 05/12/2015 - 11:39 | 6085101 aztrader
aztrader's picture

Based on what we saw on SNB balance sheet, the central banks are buying today to protect their baby.  Anyone that is watching bonds, margin levels, volitility, etc is staying away from this market.   Money flows are negative and the only way for it to rally is by intervention by the central banks.  It is criminal to use money from space to jack up this market that only benefits paper investors.  Since they are above any laws, it continues.........

Tue, 05/12/2015 - 11:47 | 6085131 khakuda
khakuda's picture

Fed mandate now includes an 18,000 Dow minimum and 2100 S&P.

Tue, 05/12/2015 - 11:55 | 6085152 r101958
r101958's picture

....and, if possible, 5000 on the NASDAQ.

Tue, 05/12/2015 - 11:58 | 6085163 GMadScientist
GMadScientist's picture

"Believe it or not...I'm walkin' on air..."

Tue, 05/12/2015 - 12:01 | 6085172 ptolemy_newit
ptolemy_newit's picture

LOL Amerika,

300 million hand guns,,,, and you pussies shoot up schools!

Dear Kerry please bow down when you meet Mr. sergei lavrov,  explain that your only doing what Victoria wanted, it wasnt you directly.  Tell Mr Putin that you now will kill all the right wng Nazis because it didnt work

 

Dear Mr. Black man, hollywood and the bankers have an agenda,

YOUR first!!!!!!

Tue, 05/12/2015 - 12:18 | 6085225 Goldbugger
Goldbugger's picture

The Illusion of recovery won't stop untill there is a recovery.

Tue, 05/12/2015 - 12:20 | 6085231 madbraz
madbraz's picture

at 12:02 PM today, as NY FED securities lending was taking place (NY FED lends treasury collateral to primary dealers only), yields on treasury bonds went up uninterrupted for 12 minutes (something that didn't happen during the morning when yields were dropping), all 1 minute tickers in between were higher.

 

perhaps this helps explain who is behind this nonsensical move higher in yields in the last 2 weeks...the NY FED or primary dealers or hedgies with the collateral aid of primary dealers (via NY FED), or all of them together.

 

much like in every move in treasuries nowadays, as soon as yields hit oversold on the RSI, they immediately proceed to going overbought...in a hurry.

 

 

Tue, 05/12/2015 - 12:26 | 6085259 q99x2
q99x2's picture

Thinking humans don't do these kinds of things, but software applications backed by infinite amounts of fiat can.

Tue, 05/12/2015 - 13:08 | 6085440 disabledvet
disabledvet's picture

If i could I would hold on to my treasury bet forever.

Tue, 05/12/2015 - 14:06 | 6085707 Weaponized Innocense
Weaponized Innocense's picture

at least when she blows ~ she will blow real hard.... And if not I would like to see that pretty little dance!

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