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Stocks Storm Into The Green As Entire 33 Point Post-Greferendum Dip Is BTF
Futures opened 33 points lower a little over 12 hours ago because, well, nobody had any idea how the Greek fiasco would play out (and still doesn't).
And then, moments ago the entire gap lower was closed as ES stormed into the green...
... on panic buying, or rather concerted selling of the VXX by the NY Fed ETF desk as noted earlier...
Kevin Henry has one job https://t.co/D7NcKIFXwc
— zerohedge (@zerohedge) July 6, 2015
... as well as on Citadel's massive spoofing of 10Y futures, which have been sold off in a straight line since the open of US trading.
Our suggestion to the PBOC: if you really want to rig markets higher, have Citadel open an office in Shanghai, and also bring Kevin Henry on for a 4-6 week sabbatical. He will show you hot to get the SHCOMP back to 5000 in no time.
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INSANITY!!!!
ES gapped directly onto the 200 day MA. If you didn't expect a strong bounce off of that in this buyback driven "market", you shouldn't be participating.
Exactly, this nut will be hard to crack.
#shocking /s
Bending the markets for fun and profit. Anytime you see the market jump like that, you know damned well someone is making a killing and collusion doesn't apply to the 'special' people......
So Order66, the market is always going to bounce off of the 200 day MA? Good to know keep playing that. It will work until one day it gaps past, and the, the only thing you will hear is ".........and its gone".
I believe history will look at yesterday as one of the most cruicial days in western history, and will tie it to the end of the Eurozone....... thats gotta be bullish right?
Hey, Insanitiy can be very profitable.
The day is still young
Look at that oil though!
Down is up, cold is hot, wet is dry, bad is good, poor is rich, failure is success, loss is profit, debt is capital, free is rigged. Nothing makes sense any more.
Short at your own risk.
There is no reason US stocks or the dollar should be hurt by trouble in the Euro, quite the opposite.
Bonds worldwide, are where the carnage should be, but the banksters will fight that to the end.
Governments going bankrupt is not bullish for "markets", only world war.
same as it ever was...
BINGO - economy doesn't matter anymore. reality doesn't matter anymore. central banks around the world are running the world (until they're not). if we're red only until 11AM EST on the heels of greece defaulting on a 2 billion euro payment out of 250 billion outstanding debt, we're never going down in my lifetime. this is the single most insane thing ive ever seen. c-banks are clearly buying stocks; they're closet-technicians. we hit the 200-day MA on a few indexes and POOF, we bounce. absolutely fucking retarded.
debt not gonna matter until it does. whenver that is, who knows. ratings agencies scared shitless to tell the truth about these soveriegn ratings after geithner unleashed hell on S&P. nobody wants to deal with reality. markets used to reflect the economy; we're so far removed from there its unreal. markets are the only thing that matter to these c-bankers. they know they control nothing else (and once they lose control of those, it will be scary, its just not know & im not sure it happens in my lifetime).
they're stategy is clear: print $$$, keep rates at 0, & just lie about "no inflation anywhere" since the only medicine for inflation is increasing rates which they can't do without breaking markets.
please CNBC, march guests out there and talk about the fed raising rates in september, this year, etc. yellen has an arsenel of new excuses now: greece, eurozone, china, USD strengthening, U.S. women winning the world cup - she'll use any fucking excuse to never raise.
Pretty much everyone called this Central Banker panic buying last night. All they can do is react to the mess they created with more buying. Their egos don't allow for anthing else. Their justifications are transparent. They screwed up everything. This is all personal.
Yes, and "all stimulus is fungible"... we all know that the inflation numbers are complete bullshit, but just wait...
Stimulus is govt meddling in markets ... allegedly independent central banks meddle in markets ... because ... well ... because who else is better setup to rig a market? ... or do it better? ... most of the time ... and when we muff it ... the govt then meddles in the market ... mostly due to the prior time they meddled in the market ... and broke it ... hey! don't be so critical! ... we're winging it here! ... I'd like to see you try to rig a market on the fly! ... it's not so easy as you think ... it's tricky to pilfer everyone's money ... it's a lot of work to properly ruin businesses ... we make it look easy ... but it's not, it's complicated ... it takes real skill ... we work very hard to destroy investment ...
BINGO #2 --- this is PERSONAL to them now. its NOT about doing the right thing. its about them NOT being proven WRONG.
No surprise
Investing 101 for ZH'rs - analyze, come to a logical conclusion , then do the exact opposite - you'll be up 90% of the time.
The "market" has just proved Greece is irrelevant. All those futures surges over the last couple of weeks on news of a deal between Greece and Eurogroup are figments of our imagination because events in Greece don't matter.
"I have become comfortably numb."
Hanging on in quiet desperation is the CB way.
perfectly said...
They're keeping the 401ks out of the gutter until after the election. It's amazing how people think they're rich because it says so on a computer screen.
Seriously, we all saw this coming. The capital free markets have forever been destroyed in the U.S.
The wh Marxist con job must succeed at any and all costs. How else can he usher in more of the new world order?
Making fiat is easy when you accept the fact that the "markets" are policy tools and the central planners will do whatever it takes to keep the casino open until it's time to shut the doors for good.
Officer Barbrady: "Nothing to see here. Please move along. Nothing to see here." If these guys had any shame, which we know they don't, this would be embarrassing and a clear signal to all that it's all rigged. I'll wait for a hard hitting report on CNBC where they ridicule anyone who says so
gold is still down
Nope. And more importantly, the fucking MINERS are up. You know it's safe to dive headfirst into the water when even the perenial whipping boys, the short-bus managed, dumbest companies on the block are being bought.
It's a new world folks, looks like debt doesn't matter, default doesn't matter, as long as there's a central banker out there demonstrating 'things are in control', the only appropriate action is to buy as much as you can afford, full margin, all the time.
Look for a new round of shale-oil financings coming soon, presumably based on the premise that what the drillers lose due to selling at below cost of production, they'll make up on volume.
We are Japan.
We are the world.
Stocks being satiated by the Fed's massive POMO desk. Don't underestemate the short term buying power of the world's largest hedge fund, the Fed LLC.
This just goes to show that ALL Central Banks have an endless supply of electronically created 0's and 1's...especially the FED.
You have to figure that these are banksters that own stocks; their families own stocks; their co-conspirators in taking over the world own stocks; the politicians that they bribe own stocks, and they got hold of the press. What do you think that they will do? I have concluded that they will connect the "create fiat" output line directly to the buy stocks input line somewhat like the guy in Natalie Wood's last film Brainstorm did by looping the recording of a recorded orgasm did. They are like pedophiles; they won't stop until they are locked up.
And now its dropping again. Looks like the PPT underestimated the sell off. Printing presses full steam ahead!
The .01% must feel very safe and warm this morning. Nothing ever upsets their income streams, their plans for the future or their garden parties.
Then one day, some men were at the front gate talking loud and carrying rope and crowbars and a couple buckets of kerosene.
'Andrew, go see what they want..."
~ a Dreamer
Anyone that was long energy commodities is thinking about jumping at this moment.
Fucking criminal NY FED
WTF - Does this $TRIN action giveaway the PPT tell? http://stockcharts.com/h-sc/ui
Edit: sorry - this link just takes you to the Dow Jones default, but, type in $TRIN in the symbolspace and you should see the "wtf" before your very eyes.
Greece is kind of interesting. It's like an entree. But I'm really holding out for the main course, a larger economy to fail. I'm excited about the U.S. 4.5 trillion on the FED balance sheet, FED rate at 0-0.25%, the end of a bull bond market, over valued stock market, the end of USD hegemony. To be honest, I can't fucking wait. China's central bank is fighting the market too. Fuck there is some money to be made if you have the connect. So many idiots in the world.
If I throw someone a book on corruption, politics, money, banking, etc, and they don't read it and promptly go back to their comfortable little television induced bubble reality of illusion, 'should' I really care when they inevitably get thrown in the plastic crusher?
How about I write and scream and protest and plead and nobody gives a fuck? If people prefer ignorance, apathy, despondence, indifference, normalcy bias and cognitive dissonance, mental lethargy, logical fallacies, then they can have it. You can't cure stupid.
Wow, a country defaults (I'm sorry is in arrears) and the market barely notices. This is beyond bullish! No sense waiting any longer, the FED should raise rates today.
"... We're gonna need a bigger default ..."
There is one way to make money in equities nowadays if you're not an insider. Imagine what a reasonable person would do, then do the opposite.