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Why Stocks Are Ramping
Well, it's not the economy stupid: Since USDJPY lost its overnight "the BOJ will do more QE on October 30" momo-mojoo, the levered correlation algso switched to the other asset that was going up: crude oil. And that's the only, and ery simple, reason why your financial markets are being levitated this morning: S&P correlation algos: just tracking whatever is going up, tick for tick.
Charts: Bloomberg
Let's just hope that crude oil doesn't roll over: DOE data looms!
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... why is crude ramping?
Because that's what the lords of the universe want.......
I'm going to go with Hilsenrath's confidence building aticle in today's WSJ. The Fed enters their blackout week without a clue. Gives you that warm and fuzzy feeling.
The S & P is just a Sick Parasite that latches on to its hosts for subsistence.....
Oh, just a bit of price discovery.
Either A) Just because or B) Syria.
It's become really quite simple...when everything is dog$hit in Asia/Euroland...the fed pumps to make things look better...when everything is rosy in Asia/Euroland...after the initial pump, the fed goes missing and the big boys sell
It's been the same over and over and over since May
Just until Gartman loses his caution.
Gartman and caution together is in oxymoron territory.....
True. When I wrote that I had an image of a Gartman faced deer on a highway transfixed by the lights of a semi speeding toward it. Caution was not the best word choice.
I think there's a pretty good chance they'll catch down to the USDJPY. Unlike the fucking algos, I do have a memory of how things played out in 2007/2008 (and 2000-2002 for that matter).
You are dead nuts on. There is not a single warm hug in a billion algos generated transactions.
what else would you expect?
current programmers were in (high) school then
All is well. Sell gold.
rofl
Love how Tyler works on these 'riggings'.
It makes you realise how unlikely a genuine raise is.
In this insane fucked up world we live in that's run by sociopaths, it is nice to know that the stawk "market" has been left unmolested and runs along so well with trading above board and un-rigged!
FUBAR!
they are ramping to draw in suckers plain and simple
EIA crude inventory report out
domestic production for week - dropped
imports for week - dropped
YET
+2.6 million/barrels crude build
Stocks in Afib.
What are you saying? If any asset is going up, Algos will by S&P futures based on the historic correlation with that asset? So if any correlated asset goes up, the S&P has to go up? Does this even make sense?
It does to those who have forgotten what context is. Twitter users, sociopaths and AI robots to name a few.
Do you think al gore should be called "al go" from now on?
Out of respect for George Washington, Benjamin Franklin and Marquis de Lafayette, when asked about Al Gore, the proper response is "Who?"
watching the effect of the ending of a blood bath
can down the road for another day
4 pm bell closing results
if(slope(USDJPY)>0,RAMP,if(slope(WTI)>0,RAMP,BTFD)))
for mid term play, buy equity futures market. big hands are buying. buy the dips and wait chillin https://www.youtube.com/watch?v=h8KnTyqki-o
Big hands do not buy illiquid markets...
I mean, where's the seller to talk about a crash???
they ramping for the same reason they always ramp every other form of investment including cash has been destroyed through fed policy. there is now only one currency and that one is set to devalue by 50%
Rut-Roh! Stocks are ramping at 13:30 NYT and WTI is not moving. I think this day will end badly for the bulls because these algos have jumped the gun. It's way too earlly to sustain the ramp, IMHO. I think. :-D