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Grexit Is Good - Dow Transports Ramp Back To Unchanged

Tyler Durden's picture




 

See! Greece doesn't matter... nor does China... nor does Puerto Rico...

 

 

Or maybe it's just manipulating algos...

 

Charts: Bloomberg

 

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Mon, 06/29/2015 - 09:49 | 6249041 cpnscarlet
cpnscarlet's picture

About f**king time the PPT woke up. G-D lazy SOBs.

Mon, 06/29/2015 - 09:52 | 6249067 order66
order66's picture

Pretty sure the Fed Mandate language is being updated to read:  "> 100 Day MA in ES".

Mon, 06/29/2015 - 10:18 | 6249230 DeadFred
DeadFred's picture

They aren't buying the major ETFs as much as the correlated components. Maybe they're afraid of losing too much on outright purchases. Printers running low on ink?

Mon, 06/29/2015 - 09:50 | 6249043 ebworthen
ebworthen's picture

The desperation is palpable.

Mon, 06/29/2015 - 10:08 | 6249171 EscapeKey
EscapeKey's picture

"all priced in".

of course that the indices are all at pretty much all-time-highs doesn't matter.

imagine if greece wasn't even an issue. then dow would have breezed through 20,000 already, on its way to 36,000...

 

Mon, 06/29/2015 - 10:39 | 6249320 KnuckleDragger-X
KnuckleDragger-X's picture

I wouldn't call it desperation so much as straight up denial. If reality ever reared its ugly head, they might be out of the theft and robbery business......

Mon, 06/29/2015 - 09:50 | 6249045 Infinite QE
Infinite QE's picture

The concept of free markets is long dead.

Mon, 06/29/2015 - 09:51 | 6249053 unplugged
unplugged's picture

the concept of freedom is long dead

Mon, 06/29/2015 - 09:55 | 6249097 Infinite QE
Infinite QE's picture

The concepts of concepts is long dead.

Mon, 06/29/2015 - 10:05 | 6249158 USS Bernanke
USS Bernanke's picture

Perhaps freedom is alive and well - and it is only our perspective in which needs to change.

Mon, 06/29/2015 - 10:39 | 6249323 Das Capitalist
Das Capitalist's picture

Original comments are long dead

Mon, 06/29/2015 - 09:50 | 6249047 unplugged
unplugged's picture

bullish !

 

Mon, 06/29/2015 - 09:50 | 6249048 Slash
Slash's picture

PPT is hard at work. 

Mon, 06/29/2015 - 09:50 | 6249049 gmak
gmak's picture

The abyss has taken a look into the room but hasn't yet sidled up to the table.  Still need this stick save and a period of sideways churn to get the professional muppets (pensions et al) back iin so that the squids and vermin can exit.

Mon, 06/29/2015 - 09:54 | 6249051 NoIdea
NoIdea's picture

I really do not understand what is happening today. DAX is just constantly moving higher like nothing happened at the weekend. 400 point gain from the lows at the start of the day. China down a massive amount then finished the day green, FTSE down less than 1%, US stocks will probably finish green, gold is negative for the day.

Who can possibly see this as a buying opportunity?

Unbelievable.

Mon, 06/29/2015 - 10:32 | 6249281 Cognitive Dissonance
Cognitive Dissonance's picture

"Who can possibly see this as a buying opportunity?"

Just guessing here, but maybe the world's central banks?

Mon, 06/29/2015 - 09:51 | 6249052 Osmium
Osmium's picture

Indexes green before lunch

Mon, 06/29/2015 - 09:52 | 6249070 unplugged
unplugged's picture

because nothing is more bullish that the whole world around you catching fire

Mon, 06/29/2015 - 09:51 | 6249063 JoeTurner
JoeTurner's picture

I get the impression there are thousands of panic'd phone calls flying all over the world right now. People are trying to figure out if its really going to be a "just pull it" moment...

Mon, 06/29/2015 - 09:52 | 6249069 q99x2
q99x2's picture

BTFD its Israeli software stupid.

Mon, 06/29/2015 - 09:53 | 6249079 Haole
Haole's picture

There are no markets, only holographic perception management.

Mon, 06/29/2015 - 09:58 | 6249112 StackShinyStuff
StackShinyStuff's picture

C'mon peeps.  Try to act a little surprised here...

Mon, 06/29/2015 - 09:58 | 6249116 Mike Masr
Mike Masr's picture

Got the whole day ahead of us. Watch the close as anticipation of Tuesday in Greece weighs in! 

Mon, 06/29/2015 - 10:01 | 6249131 vote_libertaria...
vote_libertarian_party's picture

My bad, I was covering my shorts.

Mon, 06/29/2015 - 10:03 | 6249143 Thisisbullishright
Thisisbullishright's picture

I will bet my left nut that the "market" ends up green today....

Fucking laughable!

 

Mon, 06/29/2015 - 10:24 | 6249245 richiebaby
richiebaby's picture

I see red but do you have anything else to bet?

Mon, 06/29/2015 - 10:40 | 6249330 invisible touch
invisible touch's picture

it won't, it can't, it would be too much..realize, a threat to euro currency and stocks up ? nooo, not the same day darling....

 

tomorrow otherwise...... lool !

Mon, 06/29/2015 - 10:04 | 6249156 VW Nerd
VW Nerd's picture

What is being witnessed here is a concerted market ambush by the FED.  They have had all weekend to coordinate action by central banks around the world.  When markets opened, they went to work.  "Whatever it takes" means just that!  I do not think it would take much downside to light the powder keg.  Thus lots of V patterns and square root patterns on market charts.

Mon, 06/29/2015 - 10:05 | 6249162 pragmatic hobo
pragmatic hobo's picture

apparently grexit is also good for aapl and fxe ...

Mon, 06/29/2015 - 10:07 | 6249166 macambaman
macambaman's picture

A massive ramp up will beging after Europe closes, in my opinion.

Mon, 06/29/2015 - 10:41 | 6249333 invisible touch
invisible touch's picture

definitivly agree, and tomorrow london close levels back to friday levels.

Mon, 06/29/2015 - 10:09 | 6249176 razorthin
razorthin's picture

Makes sense.  There will be a huge demand to transport that gold vapor.

Mon, 06/29/2015 - 10:24 | 6249241 thismarketisrigged
thismarketisrigged's picture

the fucking ppt was hard at work since the futures opened yesterday evening.

 

this is such a sick fucking joke, the fucking dax rallies 7 percent on hope of a deal last week, bot now with no deal, bank closeures, grexit likely, it acts as if nothing happened. 

 

kevin henry and janet yellen, along with all other bankers must be dealt with asap.

Mon, 06/29/2015 - 10:31 | 6249277 besnook
besnook's picture

all the bad euro money is headed for the less bad dollar economy. USA!USA!USA!, the world's fiat garbage dump.

Mon, 06/29/2015 - 10:48 | 6249366 rlouis
rlouis's picture

I'm beginning to anticipate USSR style quotas: 

Quota - 100,000 tons of padlocks. 

Production - 1,000   100 lb padlocks

Mon, 06/29/2015 - 11:13 | 6249499 fromthinair
fromthinair's picture

Hey Tyler, 

current events are just noise. They do not affect the well established trends. The expected result in "The Plan B" is that an example be set out of Greece while nothing catastrophic happens to the rest. Fortunately, Greece, the Lord's Guinea Pig is showing more resistance than expected. 

So. appeal to Greeks. You got a leader with balls. Get behind him... even if he is wrong .. if you fall together it won't hurt. The attempt is to destroy your resolve... that is the only thing you need to save. You are not only fighting for yourslef... but you are also fighting for the rest of the world from the so called "God's work", coz we are next. 

http://just-a-thought-from-thinair.blogspot.com/

Mon, 06/29/2015 - 11:13 | 6249504 felix2
felix2's picture

Still need this stick save and a period of sideways churn to get the professional muppets (pensions et al) back iin so that the squids and vermin can exit. - Monday,
06/29/2015 - 09:50 gmak

Sad
 Who can possibly see this as a buying opportunity? - Mon, 06/29/2015 - 09:54 NoIdea

The little guy doesnt have savings to lose. He has a pension promise controlled by others under advice of people who themselves are not dependent on the fund.  Who could resist?

Program the fund to follow a rising market, and your hands are clean.

12/22/14 The Lawless Manipulation of Bullion Markets by Public Authorities - by Paul Craig Roberts and Dave Kranzler  http://www.paulcraigroberts.org/2014/12/22/lawless-manipulation-bullion-...

Double sad. Mine to use, Yours to lose ......


Mon, 06/29/2015 - 11:47 | 6249653 Consuelo
Consuelo's picture

U.S. economic comeuppance vs. the rest of the world: Saving the best for last.

 

 

 

 

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