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The Farce Is Complete: Stocks Soar Most In 4 Years As US Job Market Disintegrates
We suspect more than a few traders will need this tonight...
First things first, we have this...
Chinese stocks (trading in US) rose 6.5% today - the biggest day since May 2010:
And this -Today saw an epic squeeze of shorts - "most shorted" surged 5% off the opening lows which is the largest swing we could find on record
And finally this: Today was the biggest intraday reversal higher in The Dow since 2011
Thanks to this...
spoofer in eMini using a order size of 584 $ES_F $SPY
— Eric Scott Hunsader (@nanexllc) October 2, 2015
With cash indices all ramped into green for the day:
But there was only one thing driving US equities today... USDJPY, which got the momo going:
So 120 will be used to launch the 3:30pm ramp
— zerohedge (@zerohedge) October 2, 2015
SPX would already be above 2000 if payrolls were negative
— zerohedge (@zerohedge) October 2, 2015
And a collapse in VIX finished it off:
And US equities (except Small Caps) were ramped all the way into the green for the week, even Trannies
But credit was not buying it at the end:
Away from the silliness in stocks, everything else was 'silly' too:
Treasuries soared at the payrolls print with yields collapsing and flattening across the curve... before Europe closed and the Treasury selling was unleashed...
But remained lower on the week:
The USD was crushed lower after payrolls but bid back to the moon alice after Europe closed:
Commodities were very mixed on the week but industrials soared later in the day after precious metals exploded on payrolls data:
But Silver (up 6%) was the big winner from Payrolls:
And here is crude on the week... testing and failing at the week's close...ramping today onthe rig count dcline after tumbling after payrolls
The bottom line - The Pure-Play QE Trade is back on... but be careful what you wish for because of reflexivity...
Rate Hike Odds vs. What Determines Rate Hike Odds pic.twitter.com/qjOsJoJMx3
— Not Jim Cramer (@Not_Jim_Cramer) October 2, 2015
Charts: Bloomberg
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It is quite amazing how a Muslim Revolutionary has occupied the White Mosque and nobody in the Military has arrested him.
Gentlemen, you may now assume the US Military will be ordered to hunt down and kill you.
It is a sad shape we are in, but anyone wearing a "US Military"uniform must now be considered the Enemy. It is tragic that we must kill our own people wearing our nation's uniform, but they have cast their lot with Hussein. You cannot have any sympathy, once they come for you you must terminate them with Extreme Prejudice. The American Soldier is now your Enemy I wish to God there was another way, but these soldiers have no allegiance to the United States. They have sworn an Oath to Bath House Barry. This is waht it looks like:
The Wehrmacht Oath of Loyalty to Adolf Hitler, 2 August 1934
"I swear by God this sacred oath that to the Leader of the German empire and people, Adolf Hitler, supreme commander of the armed forces, I shall render unconditional obedience and that as a brave soldier I shall at all times be prepared to give my life for this oath."
Every American Soldier now Swears this Oath To Bath House Barry.We did have a great Country, once.
Carry on.
I hunt PINKO FASCIST COMMIES posing as Americans and don't really care what they wear...I think the boys in uniform may be brainwashed but will 'see the light' when things get bad...
WHATS the name of that group of people that you hunt again?
I did not know that the greatest Fuhrer of all times could speak Englisch. Ein Fuhrer, ein Volk, ein Vaterland sounds better.
less workers = more profit = hurray for general Obama!
Uhh, his Eminence Ayatollah Hussein.
FIFY.
Gawd! I just got this visual of lots of stars, fake ribbons, sun glasses and a riding crop/
WTF?!?!?!?!?! Did everybody take a huge hit on the bong today or what?! I can't believe this fucking shit! This ONLY tells me that next week holy hell is going to break fucking loose and everyone comes up a fucking loser!! Great - get this shit show over with - the sooner the better.
Well, let's see. In 2000, most people lost most of their retirement money. in 2008 the banks failed and are still invsolvent zombies. Now the only thing holding the stock market up is the Fed/PPT. Just about everything you care to think of in the US, including privacy and freedom, has been utterly destroyed. My only question is how long can they keep it up for?
you underestimate the power of the dark side
https://www.youtube.com/watch?v=Baicy_oPOmM
There is almost enough volatility to make me want to start trading again. Also, love the ZH Gartman skewering, I do miss the GS muppet killing days.
Jeb Bush polling at 4%.
Sorry Tyler.
Fiorina will be the next GOP candidate to go once Bush is gone.
Bush dropping out is a non-factor. America was not going to vote for a 3rd Bush no matter what, the same way Clinton has a 0% chance of being elected.
The Black Sox threw a few games to scam a couple thousand bucks from a Jewish mob boss and are considered the biggest cheaters in history. The Fed fixed the stock market to steal trillions but they’re heroes because it was stolen from the American working classes!
.
+
Yep. Pinko Fascist Commies in control everywhere...And their followers think they are real Americans!
Where can I buy "rate hike odds" derivatives?
Looks to me like the BoJ printed some more Yen, then bought US$ and US stocks. Wouldnt be the first time imho.
Its simple; PINKO FASCIST COMMUNISTS desperate to keep the ILLUSION of prosperity in the USSA alive buy stocks thinking the Fed will do/not do anything. These dregs on society will soon pay dearly for their fraudulent behavior. It will be a bloodbath. Heads rolling (literally). They think they are above the law but JUSTICE has a strange way of making things square. Good luck 'cause you're gonna need it...
FBI will contact you shortly with an offer of friendship.
pinko communists!!? hey, bub, 1964 just called-they want their propaganda/slogans back...
Nowadays, there is absolutely no relationship between the stock markets and the economy.
Stock markets nowadays only have a relationship with the federal reserve banking system and the government.
We need to start an ETF which bets on the spread for each trading day.
"HFB (High Frequency Buying) is a state of the art algorithm that randomly buys Apple products from Ebay to the tune of 10.000 a second" and there's more... "This wonder of human knowledge developed by Bosch Gmbh, puts the articles back on sale 0.01 nanoseconds later, ensuring minimal exposure while adding trillions to the actual GDP and making your end of year bonuses big enough to buy your own clone of Bar Rafaeli"
Fixed the economy for you...
not an active investor but, a couple of days ago there were articles, and questions asked, why were payroll data coming out early in certain places, now we know why, the human investors seen bad news, and shorted stocks,
the machines knew this was good news, this gives the fed. more time with the will they , or won't they raise, for at least 2 more months, more easy money for the machines.
unless your on a first name basis with Janet, Lloyd, or Jamie, step back, go to Vegas, relax for a week, play some slots your odds are better.
Uncharted waters, shitty creek, no paddle.
Most people need income to pay living expenses, especially the retired people. If they do not invest their savings in stocks and bonds, then where do they get the required income from ????