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Total Greek Deal Failure Sparks Biggest Buying Spree Since 2011, Stocks Set New Records

Tyler Durden's picture




 

Just to confirm reality for a second...

Yesterday: Yellen sees global turmoil if no Greece deal.

 

Today: Greece deal falls apart, ECB hints at bank runs; -> stocks hit record

Confused? Don't be... Only one clip seems appropriate for a day like this...

As long as you ignore Greek contagion, economic downgrades, weak earnings, and that general sense that none of this makes any sense...

European negotiations (Warning NSFW)

 

 

Before we start, there was only one thing that mattered today... Squeeze the shorts again...

Biggest 2-day short squeeze in 5 months...

 

Squeeze all week...

 

This resulted in the biggest opening ramp since late 2011!

Post-FOMC, futures show the craziness...

 

Cash indices are soaring...

 

Despite all the headlines and denials and disaster...

 

Greek Stocks not happy...

 

And note that US stocks did nothing post EU close....

 

Nasdaq and Russell 2000 hit all-time highs intraday... (Nasdaq previous intrday high in 2000 - 5132.32)

  • *RUSSELL 2000 INDEX CLIMBS 1.3% TO END AT RECORD
  • *NASDAQ COMPOSITE RISES 1.3% TO CLOSE AT ALL-TIME HIGH

 

On the week. even Trannies are in the green...

 

Post-FOMC, Utes and Healthcare (Biotech) are leading and Energy lagging and Financials are hardly exuberant...

 

Treasury yields spiked higher wit a notable steepening (30Y +10bps off intraday lows today, 2Y unchanged) but with various dire headlines crossing into the close, bonds were bid...

 

Post-FOMC, prices are up for bonds...

 

The USDollar dumped and pumped as headlines hit and were rapidly denied

 

a look at EURUSD tells you all you need to know about liquidity and Grexit being contained...

 

Gold was well bid (its best post-FOMC day performance in a year)

 

Gold and Crude love the post-FOMC environment...

 

To summarize, here are today's catalysts:

  • market up on Greece but Greece is flat
  • market up on Europe but Europe is down
  • market up on Japan but Japan tanked
  • market up on China but China dumped
  • market up on lower interest rates but rates are higher
  • market up on ORCL earnings but ORCL is getting slammed

TOMORROW IS QUAD WITCH! That is all!

Charts: Bloomberg

Bonus Chart: Nasdaq bitches!

Bonus Bonus Chart: Biotechs bitches-er!

 

Bonus Bonus Bonus Chart: UnFITBIT...

 

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Thu, 06/18/2015 - 16:06 | 6211157 wendigo
wendigo's picture

Is it me, or is this like polishing the brass on the titanic? 

Thu, 06/18/2015 - 16:13 | 6211193 Troy Ounce
Troy Ounce's picture

They are just waiting for that defining moment which they can use as an excuse to say: "Everything was going well.This is totally unexpected...nobody could have seen this coming!

Thu, 06/18/2015 - 16:16 | 6211207 ATM
ATM's picture

All that printed money has to go somewhere. Might as well front run while it still feels good.

Thu, 06/18/2015 - 17:39 | 6211515 Save_America1st
Save_America1st's picture

and of course right on queue the Crimex released the monkeys on the paper silver right around noon as it was easily on the way to 16.50 and they hammered it back down 16.15.  Whatever...keep stacking phyzz, bitchez. 

How fucking bad to you think people in Greece and all the other broke-ass countries (remember Cyprus too) wish they had some fat stacks of silver and some gold with which they could buy some food right now? 

How many Greek assholes used to say "You can't eat gold." before the Shit Hit The Fan????  I'm sure plenty of them.

Now think about how many Ameri-tards think the same damn thing in this country.  Well most estimates would be over 90% of the population.

Keep fuckin' stackin'...

Thu, 06/18/2015 - 17:42 | 6211520 City_Of_Champyinz
City_Of_Champyinz's picture

I love it when the Silver gets hammered, I buy as much and as often as I can.  Started buying some smaller weight gold coins as well lately.

That and plenty of Pb...

Thu, 06/18/2015 - 16:21 | 6211223 sam i am
sam i am's picture

Russia is set to demand repayment of money that Peter the Great paid for the Baltic territories to Sweden 300 years ago

 

http://fortruss.blogspot.com/2015/06/nikolay-starikov-estonia-should-pay.html

In 1913, Estonia and Latvia were the acknowledged territory of the Russian Empire, which they joined under the various treaties, that no one can question. In particular, it is Nystadt Peace of 1721, concluded between Russia and Sweden, by which Peter the Great paid a few million gold talers for those lands, where the modern Estonia and part of Latvia are located.

Thu, 06/18/2015 - 17:34 | 6211493 Monetas
Monetas's picture

They killed the Czar and his children .... (kind of like shooting down a civilian airliner) .... who's gonna collect ?

Thu, 06/18/2015 - 17:38 | 6211511 Monetas
Monetas's picture

The French sold us the Louisiana purchase .... well, more like a quitclaim deal !

Thu, 06/18/2015 - 16:21 | 6211230 centerline
centerline's picture

Is like running for higher decks on the Titanic.

Thu, 06/18/2015 - 17:03 | 6211387 Kirk2NCC1701
Thu, 06/18/2015 - 17:10 | 6211418 goldman58
goldman58's picture

Reminds me of the last thing the captain of the Titanic said;

"Where the HELL is all this water coming from??????"

Thu, 06/18/2015 - 17:15 | 6211439 robertsgt40
robertsgt40's picture

A light bulb burns brightness just befort it burns out.

Thu, 06/18/2015 - 22:26 | 6212479 Buck Johnson
Buck Johnson's picture

Exactly, they know what must be done but they know that if they do it the end is pretty much confirmed. 

 

Thu, 06/18/2015 - 16:06 | 6211159 Rainman
Rainman's picture

See Larry ? .... this is why you never try to short this bitch .

Thu, 06/18/2015 - 16:10 | 6211182 saints51
saints51's picture

I know Rainman. They just dont get BTFD.

On a side note - Anyone made the T-shirts yet that say" I bought NQ at the top"

Thu, 06/18/2015 - 16:24 | 6211245 TheRideNeverEnds
TheRideNeverEnds's picture

I would say a better shirt would be 

 

"I shorted NQ at 5000 and all I have left is this T-Shirt."

 

Of course it wont really make sense till this time next year when the NQ is over 5500.

Thu, 06/18/2015 - 16:34 | 6211283 saints51
saints51's picture

You could make it sleeveless too, and maybe they will get the pun.

Thu, 06/18/2015 - 16:18 | 6211213 lehmen_sisters
lehmen_sisters's picture

This is what happens when you fuck the DOW in the ass.

Thu, 06/18/2015 - 16:07 | 6211162 The Steaksmith
The Steaksmith's picture

< Charleston Church shooting red meat

< Ignorant sheeple "stawks bitchez" red meat

Thu, 06/18/2015 - 16:08 | 6211167 ted41776
ted41776's picture

what could possibly go wrong?

Thu, 06/18/2015 - 16:08 | 6211168 Dr. Engali
Dr. Engali's picture

My five-year-old daughter always tells me that the word because doesn't answer the question when she asks why. But in this case I think it's appropriate. Why?......... Just because....

Thu, 06/18/2015 - 17:05 | 6211396 PlantDseed
PlantDseed's picture

Obviously you're not a phraser.

 

we all need love.

Thu, 06/18/2015 - 16:09 | 6211175 Four chan
Four chan's picture

HEADLINE SUMS UP PHONEY MARKET

Thu, 06/18/2015 - 16:09 | 6211176 i_call_you_my_base
i_call_you_my_base's picture

Anyone notice the charleston shooter and yellen have the same haircut??? Just a coincidence???

Thu, 06/18/2015 - 16:12 | 6211185 saints51
saints51's picture

illuminati confirmed

Thu, 06/18/2015 - 16:15 | 6211201 NoDebt
NoDebt's picture

My kids taught me that phrase.  I just wondered how they even knew who the Illuminati were.  They explained.  And they where pretty damned close, too.

Thu, 06/18/2015 - 16:18 | 6211217 saints51
saints51's picture

My kids showed me the same thing...lol. Can't use the word illuminati anymore because people will laugh at you. I use the word bankers. People don't run away from you if you use simple words.

Thu, 06/18/2015 - 16:22 | 6211232 The Steaksmith
The Steaksmith's picture

Provide DNA samples of the 'bankers' in question & they'll run like hell

Thu, 06/18/2015 - 16:32 | 6211277 saints51
saints51's picture

Thats true. Of course we are getting to deep for most at that point.

Thu, 06/18/2015 - 16:12 | 6211186 Keltner Channel Surf
Keltner Channel Surf's picture

“Radar Dove”      from “Radar Love”      by Golden Earring      

(I’m out of my bed and I’m trading … out of my bed and I’m trading …)

I've been trading all night, flickin’ my center mouse wheel
There's a voice in my head, that Brooklyn spiel
As the market’s stallin', I think “we need you here!”
Then Europe opens, stocks shift in gear

When I get long and the selling gets too much
She holds a presser, cooing softly, like a dove
We don't need to text or call

We've got a thing that's called Radar Dove
Bullish waves through the air -- Radar Dove

The Journal says she’s forgotten longs
And HFT shorts are coming on strong
Their code has got me traumatized
We bounced off highs the last three tries!

When I get mopey as my ‘sure thing’ gets rebuffed
She sends out Bullard, or some other Committee dove
(She won’t use Lacker at all)

We've got a thing that's called Radar Dove
We have it hotwired to SPY -- Radar Dove

No more resistance, I'm almost there
Gotta break out, gotta foil those bears
Last pivot to pass, here I go!
And the line of bars in green ramp mode

Bloomberg Radio says she’s forgotten longs
With cries for ‘lift-off’ coming on strong
But then the newsman sang his same song:
Oh, one more Radar Dover’s long !

When I get leveraged and the uptrend gets too rough
She sends out Liesman with a quote from a dove
Don’t need Hilsenrath at all

We've got a thing that's called Radar Dove
I get a stick save for my prayer
Microwave dish collects my thoughts from above
That explains the shape of her hair
Radar Dove

Thu, 06/18/2015 - 16:21 | 6211227 Chuck DeBongo
Chuck DeBongo's picture

This post has all kinds of awesomeness! +1

Thu, 06/18/2015 - 16:31 | 6211272 Keltner Channel Surf
Keltner Channel Surf's picture

Normally I’m forced to embellish, but in this case I simply wrote a dry, facts-only account, like a news release, while listening to Sirius/XM “70s”, and somehow it ended up rhyming.

Thu, 06/18/2015 - 16:51 | 6211347 Creepy Lurker
Creepy Lurker's picture

Actual real-life belly laugh. You won the internets.

Thu, 06/18/2015 - 17:57 | 6211580 Armed Resistance
Armed Resistance's picture

After a sip of coffee I glanced at the morning ramp up and belted out the Sister Christian "we're motorin" line. Not sure why I'm sharing this but it does beg the future question- "what's your price for flight" for the Fed and HFT boys?

Thu, 06/18/2015 - 16:21 | 6211228 Chuck DeBongo
Chuck DeBongo's picture

This post has all kinds of awesomeness! +1

Thu, 06/18/2015 - 17:49 | 6211545 Armed Resistance
Armed Resistance's picture

They are all great, but this one is my all-time favorite!

Thu, 06/18/2015 - 16:19 | 6211220 Fun Facts
Fun Facts's picture

What central bank open market operations look like.

Thu, 06/18/2015 - 16:19 | 6211222 Moribundus
Moribundus's picture

Remember MH17?

http://www.wifka.de/who-shot-down-mh17-30-million-dollars-reward-for-inf...

Someone paid 30 milions and wifka claim the right person showed up. So someone know whudanit. They said it will be surprise. Interstingly investigators pay no interest to wifka's claim

Thu, 06/18/2015 - 16:25 | 6211253 DutchBoy2015
DutchBoy2015's picture

You should watch this video

https://www.youtube.com/watch?v=W-J4P3rChc0

Dutch govt knows Kiev shot down MH17 but are being bought off by USA who is returning Dutch gold.

Thu, 06/18/2015 - 16:21 | 6211226 Market Rage
Market Rage's picture

It would seem as though everything is scripted and coordinated ahead of time.  Motherf#ckers.

Thu, 06/18/2015 - 16:24 | 6211241 Bay of Pigs
Bay of Pigs's picture

Deer in headlights moment coming up?

(As Bay stares blankly at his computer screen)

Thu, 06/18/2015 - 16:24 | 6211242 enloe creek
enloe creek's picture

listen,  everyone knows when greece goes the money flows... buy the lows...hold your nose and cause yellen blows

Thu, 06/18/2015 - 16:26 | 6211256 PrimalScream
PrimalScream's picture

The market does not follow what is "right".

The market just tracks the trades for the day.  If you try to conenct the market with any underlying logic, you will often be wrong.  Unless you know the exact trades that are the big "movers" for the day, you will never know the real cause.

Positions of shorts ... not a big deal.

HERE is the deal.  You can bet that the vultures at the top of the tree have already analyzed WHO stands to lose, if Greece goes down.  They already know!  They have already run sophisticated analyses of who is vulnerable.  They already know where the losses are, and where the "good deals" wil be.  This is already computed by the high-level vultures in the system.  They know what bones to pick, they know what assets they are going after.  They don't give a rat's fanny .. about whether the system survives.  They just want profits for today (or next month).

Thu, 06/18/2015 - 16:31 | 6211269 wmbz
wmbz's picture

A lunatic would admit this shit is crazy!

Thu, 06/18/2015 - 16:34 | 6211275 Yen Cross
Yen Cross's picture

 

  Is FITBIT a hooker going through SSRI withdrawals?

Thu, 06/18/2015 - 16:58 | 6211372 buzzsaw99
buzzsaw99's picture

that can't be right. i was just over at finyahoo and they said fitbit was AWESOME!

Thu, 06/18/2015 - 16:32 | 6211278 andypaps28
andypaps28's picture

This is Varoufakis's proposal today. It's written like a blog with the feeling he hasn't got a care in the world.

 

http://yanisvaroufakis.eu/2015/06/18/greeces-proposals-to-end-the-crisis...

Thu, 06/18/2015 - 16:39 | 6211300 walküre
walküre's picture

Stocks were bid up sky high just before Weimar ramped up the presses. There is logic in that. How liquid was the market today? How much real money went into the DAX when Greece went ape shit?

Thu, 06/18/2015 - 17:08 | 6211412 goldman58
goldman58's picture

Reminds me of the last thing the captain of the Titanic said;

"Where the HELL is all this water coming from ??????"

Thu, 06/18/2015 - 17:11 | 6211421 thismarketisrigged
thismarketisrigged's picture

they will come up with any excuse as to why the ''market'' is up on any day.

 

todays bullshit excuse was the ''dovish fed''.

 

the fucking fed has been dovish for the past 6 years and will never raise rates, yet for some reason there are people out there  who still believe a rate raise is coming.

 

the funny thing i heard was goldman fucking sachs( the place where every employee deserves the worst) said a hike is coming in december. ya, they r going to hike rates during the holiday season, that was a good one

Thu, 06/18/2015 - 17:12 | 6211427 jubber
jubber's picture

and not ONE world Index red so far , all US indexes , European Indexes bright green, guess every Central bank in the world is on the bid tonight???

Thu, 06/18/2015 - 17:13 | 6211430 goldman58
goldman58's picture

"Pay no attention to the man behind the curtain"

Thu, 06/18/2015 - 17:16 | 6211441 goldman58
goldman58's picture

Is it just me or has anyone else noticed that Michele Obama and 'Chewbaca' are never seen togethr in the same place??????

Thu, 06/18/2015 - 18:49 | 6211750 Abbie Normal
Abbie Normal's picture

Chewie is almost 8 feet tall so it's unlikely they're the same ..... ummm, person.  Maybe they're just descended from the same ancestor.

Thu, 06/18/2015 - 17:17 | 6211446 Closet Boy
Closet Boy's picture

"Nothing is over until we decide it is!"  -Bluto

 

 https://youtu.be/ep-xgd_eETE

Thu, 06/18/2015 - 17:43 | 6211528 Monetas
Monetas's picture

Bluto is Germany .... Olive Oil is Greece .... ECB is Wimpy .... Popeye is US Navy !

Thu, 06/18/2015 - 17:29 | 6211481 large_wooden_badger
large_wooden_badger's picture

MOAR GREECE

Thu, 06/18/2015 - 17:29 | 6211482 Farmer Joe in B...
Farmer Joe in Brooklyn's picture

Going full retard

Thu, 06/18/2015 - 17:32 | 6211495 falak pema
falak pema's picture

Looks like ZH's predictions of Greeks caving in to Troika look bleak !

Thu, 06/18/2015 - 17:44 | 6211505 lakecity55
lakecity55's picture

O/T, but Charleston is facing a race war nobody wants.

If you are religious, Pray.

If you are not, think positive thoughts.

There are elements in the Federal Government seeking a Race War. The Bath House Regime wants Race War. Bath House is a disciple of Satan.

This MUST NOT happen.

Pray for Charleston. Everyone is arming up. White and Black. Not a good sign........

Just this afternoon a college Prof was robbed and beaten.

Thu, 06/18/2015 - 17:47 | 6211537 Monetas
Monetas's picture

A liberal college professor .... was beaten and robbed .... by black youts .... so, what is the problem ?

Thu, 06/18/2015 - 18:37 | 6211721 Legolas
Legolas's picture

Relax, a bunch of people found money around their couch cushions and have decided to invest it wisely, today.  It's as believable as any other explanation out there.  Me thinks the plug will get pulled very very soon.

Fri, 06/19/2015 - 01:28 | 6212866 hedgiex
hedgiex's picture

WOW ! Analysts, Economists, Market Strategists, Financial Advisers, etc What happened ? LOL

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