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Bonds Thumped, Stocks Pump-n-Dump'd As Grexit Fear Tops China Cheer
Today summed up...
What started out so well... ended not so well... Some Malicious People Sold!!!
Because today's rally was predicated on this!!!!
these just get bettter and better pic.twitter.com/m2SnZPviFD
— zerohedge (@zerohedge) July 9, 2015
Cash indices opened at the highs of the day and never looked back as the algos lifted The Dow green for the week for a few seconds of stop running... CNBC's Kelly Evans seriously said "We are finishing off the hghs today"...!!
On the week, Nasdaq is worst...
It's called Central Planning for a reason - crucially every attempt was made to keep S&P above 2055.93 (200DMA) and Dow above 17695 (200DMA) - IT FAILED!!!
AAPL appeared to mini flash crash late on with very heavy volume (maybe China weakness and iWatch disaster is weighing?)... and had an ugly day... AAPL is nearing its 200DMA at 118.72
Greek stock ETFs ramped today as did European stocks (thanks to SNB's helping hand) but Greek bonds traded for the first time in 2 weeks and it was ugkly...
Something snapped at the US Open - The dollar rallied and US Stocks and Bonds were dumped...
Treasuries were sold from the close last night and the dumping accelerated as US opened and once again after the weak 30Y auction... This was the 2nd worst day for 30Y yields since Nov 2013...+13bps
The USDollar flatlined through Asia then dipped and ripped on Europe's open...
As yet again SNB smashed swissy lower, buying USDs and enabling the ramp...
Despite the dollar strength, commodities all gained on the day...
Charts: Bloomberg
Bonus Chart: It's different for now...
S&P 500 drawdowns and QE pic.twitter.com/tyIPnaNJUC
— Nick (@NickatFP) July 9, 2015
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Another great day in the free and fair markets of the West
Keep buying or the terrorists win.
BUT WHAT DO I BUY HUGE REACTION?????
BUY BYE BYE????!!!???....
Just nothing tangible or physical.
Bitcoin it is... :P
It's just that we misunderstood the true meaning of freedom and fairness, so long that the right peoples benefit from the markets which are biased in favour of their shadow accounts all is free and fair.
it's Fixed Bitches!!!!!! Buy.. Buy... BUY!!!!! (just don't buy Gold or Silver!)
You too, Grandma?
or is it: Et tu Grammama?
CRT monitors? Really? It's like 2000…
the pair on the left are "trading" the same stock, lol!
and one of them is sitting on a nappy should things go badly.
C'mon S&P 666!!!
You can do it!
Its different this time, bitchez.
“Ticket to Buy” from “Ticket to Ride” by The Beatles
I think I'm gonna be sad, I think it's today, yeah
The girl that used to love FAZ just made a long play
She's got a ticket to buy; she's got a ticket to buy-uy-uy
She’s got a ticket to buy, and she don't care
She said that shorting with me was bringing her down, yeah
She could never be free with Yellen around
She sent a ticket to buy; she sent tickets to buy-uy-uy
She sent her ticket to buy, now she’s no bear
I don't know why she's buying so high
She ought to think twice, she ought to short RUT like me
Before she gets to leveraging SPY
She ought to think twice, she ought to call write with me
I think I'm gonna go mad (my shrink says today)
The girl that used to fade BABA
Just went long EBAY-ay
Aw, she bought the top tick in SPY; she just top-ticked SPY-Y-Y
She’s got the top tick in SPY, and she don’t care
My baby don’t care; my babe, she’s no bear
LOL on the kid and the hoops shot !
I'm pretty sure Custer's troops rallied at the Little Bighorn......
The only thing missing from those day trading terminals is a lever on the side...
"All those who sold today should be shot."
At least, that's the underlying message of the markets, which are terrified that the Euro-banksters won't be able to thoroughly crush democracy in Greece, while (early this morning, at any rate) they were celebrating the fact that the Chinese Communist Party had "democratically" made selling illegal.
Well at least in China you can eat Dead Cat after bounce...
I giggled at that.
Now I have to feel guilty for my culturally insensitive stereotyping laugh. Friday yet? Has to be Happy Hour somewhere.
whatever you do, don't let the facts get in the way of feeling guilty for laughing at a culturally insensitive stereotype.
In China, Bouncing Dead Cat eats YOU!
...just had to, 'cause, markets, dammit!
I'm starting to think Jade Helm will be used to round up guy's who have brokerage accounts with the ability to sell calls.
This crash in China needs a good scapegoat. No stock market crash is complete without one. I'd bet an ounce of phyzz that the hairdresser the WSJ said was diseminating bad trading advice will be tried and executed as the mastermind of the whole thing. Takers?
For anyone interested in a little stability in their portfolio, I just ran across agreat deal at Gainesville coins. 100 corona gold coin (.98 oz) at spot. Would have bought their entire inventory of these, but unfortunately not enough funds available.
Disclaimer...not employed by, or have any connection to company. Just thought I'd pass this on to anyone interested in adding to stack.
It's too big to fix. Either the elites will gracefully surrender power and fuck off back to their mansions, or there will be a revolt. It's obvious that if they had any further power to fix this situation they would have months ago.
So if you can lever 100 to 1 long that says to me The Widowmaker still remains "Long Yuan/Short Dollar."
If that thing suddenly unwinds (Mexican Peso getting killed all year...Puerto Rico wiped off the map) the. "look out below!"
Thee could be a trillion in "so called money" in that Black Box and nobody would even have a clue.
"Gone in Sixty Seconds" as they say.
All in all very impressive day...see what "Weekend at Bernies" brings us though.
I would be surprised anyone would want to be long going into a "Grexiting" but we'll see.
Jamie Dimon will now see what the Fate of his People is to be. The Joker, the Riddler, the Penguin et al...all of them will be watching too.
...It is a tale, told by an idiot, full of sound and fury, signifying nothing. [/Macbeth]
Pumped and Dumped....
Isn't that what you do to a hooker?
Or maybe she does that to you.?..