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Stocks Pump-And-Dump After Ministry Of Truth 'Manipulation' Trumps Spoofing Algos
There is nothing else for it...
Thanks to the spoofing, stocks soared to record highs after the FOMC Minutes to prove that everything is awesome but then CNBC broke the news that BEA will double-seasonally-adjust GDP data - implicitly enabling Q1 to look better and thus giving Janet more room to hike in June - and stocks sunk...
Which dragged AAPL up... and thus everything else... until the BEA news...
On the day, stocks were deadstick until the US Open BTFD and the FOMC/BEA debacle...
But by the close, Trannies were the biggest losers - worst day since January
As Airlines crashed....
How the Airline stocks ended today (they crashed and burned) $UAL $AAL $LUV $DAL $JBLU $SAVE $VA $ALK pic.twitter.com/rtDy3w0zPY
— Eric Scott Hunsader (@nanexllc) May 20, 2015
Leaving stocks mixed for the week...
Credit remains unimpressed...
Bond yields leaked lower all day...
The Dollar trod water all day, with some vol around the European open and a small drop around the minutes.,..
Commodities were also very dull
Though Crude bounced around in the last 24 hours on inventory and p[roduction data... Narrow range but look at the swings...
The bottom line: stocks were so obvioulsy manipulated higher today after FOMC to prove the Fed is right it was disgusting... not just the actual indications of spoofing but the fact that stocks entuirely decoupled from the "DEADNESS" of every other asset class after the minutes hit.
Charts: Bloomberg
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This shit is too funny. Bullshit upward adjustments of historical GDP data leads to selling off because of a greater likelihood of interest rate rises sooner. The markets are like something Dali painted.
"Our forces in South India have won a glorious victory."
"We have always been at war with Eastasia."
That's cuz algos actually feed the inputs through regardless of accuracy, while the Fed, despite their wrongheadedness, realize gov't stats, such as 'low' unemployment, are useless. That painting, by the way, would be titled 'The Persistence of Mediocrity"
"Oh, shit!" Data.
Disgusting
Never been prouder of amerika
+1 for using the term "trod water." I do the same with Twitter (twatting) but for some reason that hasn't caught on....
If you said twatting across the pond you will get hit , so that is why t did not catch on.
Beyoncé vs. Goldman Sachs (adapted from “Halo”)
Remember that code you built?
Well, baby, it’s crumbling down
You didn’t even put up a fight
You couldn’t survive one round
I found a way to get a win
But it came at quite a cost:
I’m standing in the darkness of Hades
Yeah - I got my own algo now
All my principles forsaken
Every rule, I had to break ‘em
But it's a risk worth takin’
You ain't never gonna shut me out
[Chorus] I’ll see you in Hades (Hades, Hades)
Shining like the Devil’s sun
Burning through the darkest night
You're VWAP code’s the one that I want
I'm addicted to this fight
I swore I'd never fail again
But this almost feels like failing
Perhaps gravity might relent
And let me above ground again
Everywhere I'm looking now
I'm surrounded by your disgrace
I’ll see you in Hades
But at least I won’t lose the race
I’ll see you in Hades (Hades, Hades)
The BEA works for the Secy of Commerce , headed by that awful Chicago limo lib Penny Pritzker, who bundled and bankrolled Oblameo into office.
This is the Chiraq way, baby .... make reality whatever you want it to be.
its outright priceless listening to these keynsian nutjobs on CNBC. on 1-hand, they claim economy is growing, they are now on a crusade to prove GDP is better than stated, and good jobs are being created. on the other hand, the fed has us at emergency level interest rate policy (0%) on our 7th year. on the third hand, there is no inflation, anywhere (im assuming that includes housing, rents, food, tolls, taxes, healthcare, fuel, leisure, etc.). these 3 simply do not fit AT ALL. the stock market is 60-65% higher than its previous all-time high. when according to these people is it going to be a "good time" to START to raise rates OFF OF 0? makes absolutely no fucking sense in the real world. maybe in candy land, but not the real world.
2 other points id like to make:
1. is steve liesman going to now make an arguement that inflation has been COMPLETELY mis-represented for the last 5-10 years or did he just try to prove his guy keynes right?
2. janet yellen IMO is completely scared shitless that they are losing control of the stock market to the upside. she tried to talk it down twice (once during her sell call on social media stocks, other a few weeks ago when she said stocks were getting overvalued). its been her decision to leave rates this low for this long (and going). this frankenstein stock market is her baby & im starting to believe her biggest fear is that stocks start gapping-up 3% a day and she's going to then have to start raising 25bps a clip to get it under control because while its been a staircase now, you throw in the fact that the IPO market has been dead since the burger stand went public + record buybacks continue (both gutting supply out of the market) + continued ZIRP with pensions and long only STILL having no-where else to go (pensions at an 8% mandated return) and i think she is really starting to think just how STUCK she is: she can't raise rates without breaking global markets + can't continue to fund endless deficits ESPECIALLY as we push out a few years BUT if these markets really start jumping off the screens FROM HERE, she's gonna have some real explaining to do to policy makers. i don't know how she's been able to explain away the bubble she's been blowing up til this point but given the current landscape, i can see it getting WAY WORSE if they continue down this path and don't start pricking it now.
Also counterintutive is the fact that all of the pundits say don't fight the fed, but when Janet says that the market is overvalued, they recommend a buy and fight the fed.
Santelie looked like he ate the cat while Liesman lied
Well, the new Plan 9 From Outer Space is to first eliminate cash and get every financial instrument digitalized. Then detonate an EMP in the upper ionosphere, wiping out all the computers and thus all the trillions in debts and liabilities as well as all the quadrillions in derivatives. Then, blame it all on a pirated ISIS infested freighter in the Gulf of Mexico (which is consequently sunk with all hands lost). Of course, any positive electronic cash balances will also be wiped out, and the chaos will end up wiping out a few hundred million people, but that is a small trade off. The elite will, for the most part, avoid blame, and then a new economic system will arise from the ashes...in a new, totalitarian world...muh ha ha ha ha ha ha ha haaaaaa!!
We diverged some Markets...
Hidden in Plain View, even back in the 80's.
A short clip from the 1981 sitcom Barney Miller features a “kooky” man describing the entire NWO agenda to a police officer who clearly thinks he’s crazy.
In this clip, a man who was arrested for entering the offices of the Trilateral Commission, goes into a diatribe about the great power of the Rockefeller family and the elite’s goal to create a one world government. However, the police officers clearly think he’s crazy as the studio audience laughs at his claims. Here’s the clip.
https://m.youtube.com/watch?v=Fv6w_ys5sJo
Edit: Asked where link was. Thanks Chup. Will take a look.
Never underestimate the power of denial.
The last 4 minutes on crude before pit close is all you need to know. Now its fading. Anyone who is actually at risk with the price of crude per barrel should worry. When crude is manipulated so many times a day like it has been, eventually you will lose it all.
BEA= Bureau of Endless Adjustments.
Sounds like to me the Fed wants to raise rates and it needs better data to do so. So steps in the BEA. Janet tried to talk the markets down a bit but it didn't work.
http://m.youtube.com/watch?v=MqObJtGrKaA
Just wait untill people realize that by 'raising' rates the FED means they will take them from their current lofty levels of 00.25% target 00.12% actual (yesterdays print) to -00.50% target. After all that would be a 2X increase in rates, they have never said, as far as I recall, that they would keep them positive....
dupe
Washington, DC, May 20, 2015—Total estimated outflows from long-term mutual funds1 were $670 million for the week ended Wednesday, May 13, the Investment Company Institute reported today.
http://www.ici.org/research/stats/flows/flows_05_20_15
It only makes sense that we're maintaining ATFH!
BEA's Double SECRET probation!
In 2007 the stock market was on an all time high
at the SAME TIME....short term interest rates were over 4%...
NOW...with the market at 18,300..all time highs....we are to believe the market is healthy
but cant stand a 1/4 pt raise off of zero....
Department of Truth and Market Manipulation
In 2007 the stock market was on an all time high
at the SAME TIME....short term interest rates were over 4%...
NOW...with the market at 18,300..all time highs....we are to believe the market is healthy
but cant stand a 1/4 pt raise off of zero....
Ministry of Truth and Market Manipulation
International banksters locked up that poor kid from the UK for doing what they always do in the market.
'Flash crash' trader told he poses a 'clear flight risk'http://www.cnbc.com/id/102693235
Meanwhile they get to do the exact same thing and of course no one sees that or even cares.
This Chinese Businessman Just Lost $14 Billion in Half an HourThe chairman of Hong Kong-listed Hanergy Thin Film Power, a maker of equipment for the solar power industry, just saw $14 billion wiped off the value of his controlling stake in the company in a so-far unexplained end-of-day crash.
http://time.com/3890491/hanergy-li-hejun/
I don't give a hoot about the solar industry because they themselves are involved in a whole bunch of fraud but something like this has to make someone wonder. When others do it they are seen as criminals but when the banksters do it its funny.