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Sudden Buying-Panic Lifts Dow Into Green As Algos Ignore Turkish "Hostile Act"
It appears the "hostile act" in Turkey was not enough to keep the dip-buyers from bidding The Dow back into the green for the day. Nasdaq and the S&P are still lagging... as is the credit market.
As soon as Europe closed, stocks surged...
Of course, the machines will be looking to take out the stops from pre-Russia...
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A 1000 Kevin Henrys buying at the same time
Janet loves to day trade.
It's just the markets having a Hunter S. Thompson moment when the drugs kicked in.....
Wait...ignore the WAR NEWS, didn't you see how WELL the GDP revision is? Don't you know that is BULLISH for the economy and yet another "reason" they can begin raising rates? The market must be UP, people must BELIEVE that higher energy prices and interest expense and inflation is GOOD for them. We must re-lever up, just in time for the Christmas consumer orgy because the more debt we have and the more "money" they have is GOOD for doing their god's work.
Had to laugh at buyers. Its just algos doing what it has been programmed to do.
Just wait till yellen opens her mouth again...
dip buyers can't believe their luck. another dip to buy.
that spike was uncalled for and unheard of.....stalls out all natural psychology - leaves everyone scratching their heads...
Damn, I called that one!!
don't get excited. everyone called that one.
Everyone except Gartman that is.
The meme that war is bullish for the economy is a lie. Sure weapons manufacturers get sold, war bonds, all that, but economies break down in wartime.
And the economy is already fragile and broken.
It's all fucked.
Buy silver.
Oh my Gawd, this market so phucking rigged. Must keep that illusion alive that things are great, no matter what!
SQ is red today.
BTFSD!(BuyTheFucknSquareDip) please. Daddy needs a new black t-shirt.
( https://squareup.com/about )
Bad news is now good news and wrong is now right. We're in the end times for sure!
War is a racket. Profits to be made on the destruction of mankind. It's a fucked up world we live in.
War time profits aren't bumper though. Sure, it's a way for the elite to make money during a time when people are so broke they are dying, but people aren't getting rich flipping houses, wages are bad, and waiters don't get tips.
Russian Bear Trap.
If a Nuclear missle hit the Plains of Meggido it would make this fraudulent rigged market go up.
Secretary John Kerry Invites Russia and China into TPP
Please, just short-term market technicals and were are going into Turkey Day weekend which is usually positive for the markets. Nothing more, nothing less.
Will the many faces of "Tyler Durden" please take a course on Technical Analysis!
Let me guess, you BTFD.
Perhaps his option contract gambling is not in favor. No Black Friday spending money's.
Don't bother, they don't go for that stuff around here.
anyone that says "turkey day" is a fucking tool, go back to twatter and facefuck
Equities turned up when it was discovered that an actual turkey accidently flew into the Russian jet's engine, disabling it. Everything back to "normal."
By normal you mean that the market goes back to being priced to perfection :)
yes, tyler, it is an "algo". there is no human being behind it doing the criminal activity that should be exposed by the non-MSM.
Pretty common knowledge that JPM runs the algos.
Should we be mad at the men behind the curtain, or the institution?
Your turn....
:)
The lesson, they always turn it green.
Just buy the dips on the big falls.
Janet Yellen is treading on thin ice. Once Geopolitical relationships implode, so does the economic structure.
Everyone will just start bombing the global institution offices instead of fighting a propaganda of divide and conquer to the slave market enabler.
Watch, don't be surprised.
So whatever happened in that emergency meeting ???
So whatever happened in that emergency meeting ???
It was an emergency reloading of ink cartridges
Someday. Im going to read someone understand that what crime you witness here, was the Ultimate goal of the preplanned scripted 2008 "crisis", which was the totally completly destroy any semblence of "markets" to ensure the never ending funding of the Jooo world order .. Need any more evidence? Now i sure hope Putin is on the Bat phone with China and seeing if they can make that joo-c&&nt choke on a few 100 b of UST
whats funny about this shit is that they bring it all the way back to positive with a violent buying spree, but once it hits positive, it just goes back and fourth the rest of the day, just showing us like we all knew that there only goal is to ensure a green close, no matter how little it is.
First, the upward bias of holiday week markets are less conspiracy-driven by Schwab or Ameritrade mgmt, and instead reflect the lack of participation (hence the low volume) by the buy-side pension and mutual funds who, always being the largest net holders, create a floor due to the absence of sell programs (and standing buy orders to nibble at ‘bargains’). What remains are only the work-a-day trading algos, who can easily fade any exuberance in the resulting vacuum, in either direction, smacking down early longs yesterday, crushing shorts with SPY 20DMA as the catalyst today.
In addition, for the past decade, ANY global overnight news causing morning weakness from an “issue” not likely to have any true impact (i.e., Greek default) is typically bought hard after 10:30 or so, usually targeting big stops at Unch -- today it was the low odds of Putin launching a nuclear war over Turkey taking out one plane.
Though conspiracies are fun and often true, many market moves, especially well-known tendencies, stem from a more prosaic, though admittedly annoying, impersonal profit motive, usually automated.
amazing...mkt is now in dead fish mode for the day -again...
no one "buys up" on so little vol...shameful
all the smart money is selling into the rally big tyme!
by 4pm today, this market won't have a leg to stand on... and i mean going into dec/15
sell...
I was pretty clear this morning
BTMF BIG BLACK SWAN DIP!!
I just squeezed lemon juice and vinegar in my eyes
I'm ready to trade this bitch
Didn't you know the collapse of the international tourist industry will be good for global GDP?
WWIII is bullish for markets because it prices in infinite QE
It's life Jim, but not as we know it.
Wil the algos carry on after humanity has wiped itself out?
It's worse than that. It's dead.
No dip buying except by traders covering their shorts when a sudden reversal in CL, which had broken trend to the downside, sent it 2% higher in an hour. USDJPY helped by bouncing at horizontal support and also breaking above a trend line from recent highs. Algos ate it up.
I miss the good old days when it was just market makers screwing you over...
http://pebblewriter.com/how-they-did-it/
It always pops up there, especially when it should drop a bit.
Always.
BTWD.
<war dip>
The real reason for price decline on pork bellies during the Christmas season.
They panickin'!!! They panickin'!!!
According to Bank of America Merrill Lynch:
https://app.box.com/s/kjp0andkn5c3hwf5w98fgmpitzyrwt3o
Introduction: The “Great Divorce”
The global recovery is now in its seventh year, and there should be much to celebrate. This is already one of the longest business cycle expansions (at least for the US) during the post-War period, and even the fact that the Fed is about to embark on a rate hiking cycle ought to be viewed as a testament to just how far we have come from the depths of the Great Recession.
Yet not all is well with the global economy, especially outside the US. Two of the G7 economies are in a recession (Japan and Canada) and so are two of the four BRIC economies (Brazil and Russia). What is the reason for this divergence between the US and the rest of the world?
In our view, this parting of paths is at least partly because the US has exported its problems to the rest of the world. Five years of Fed quantitative easing (QE), by driving both US interest rates and the US dollar to the ground, pressured the rest of the world to adopt interest rates that were too low for their own good, so that countries from China to Brazil, from Australia to Canada, went on a borrowing binge. One way of looking at it is that the US has been able to delever smoothly only by forcing the rest of the world to lever up in a big way. McKinsey recently estimated that global debt has grown by $57 trillion since 2007, a 40% increase.
China, because of its relatively inflexible FX regime, imported US monetary policy perhaps more absolutely than others. As a result, its debt binge went further than most other countries. McKinsey estimated that Chinese debt has quadrupled since 2007 and its debt to GDP ratio has risen above that of the US.
What does this mean for rates and currencies investors? On the eve of the December FOMC meeting, we think the question is not whether the US economy can live with higher interest rates and a higher US dollar. The question is, given the semi USD/RMB peg and China's increasing open capital account (which come at the expense of China's monetary independence), whether China can live with higher US interest rates and a higher US dollar.
We are skeptical. This why we think the USD/RMB peg, a marriage of convenience that has been the anchor for the global growth model for the better part of the last 15 years, is headed for a divorce, and we think the RMB devaluation on 11 August was a first small step in this direction.
We see the RMB declining as much as 10% against the greenback in 2016, and we think this will fundamentally shape the investment outlook for the rates and currencies market. The impact of additional RMB depreciation would weigh further on already beaten down emerging market and commodity currencies. To the extent that it would slow the Fed hiking cycle, it would be supportive for US fixed income assets even though it would slow the rise of the USD vis-à-vis the likes of the euro and the Japanese yen. We like owning 30y TIPS, as RMB depreciation will likely lower the real terminal Fed Funds rate.
As for other macro themes in 2016, further easing by the European Central Bank should help support peripheral debt and give way to outperformance of Eurozone rates versus their US counterparts, especially at the long-end of the curve.
In contrast, we are concerned that the scope for further easing by the Bank of Japan is limited and think that the market is underpricing the risk of a potential backlash.
Brexit risk is on the rise. We recommend positioning for Brexit risk by buying UK rates vol against US rates vol.
Finally, we think the best way to positions for the US election is by selling government sponsored enterprise (GSE) debt versus Treasuries as headlines of GSE reforms gather pace.
Speaking of Bank of America, did you see this Bloomberg article published today?
Bank of America: The S&P 500 Is Going to Hit 3,500 by the Year 2025
Buy the dip. Period. Always works and always will.
Algos don't surf.
It's the Fed covertly buying stocks stupid !!
Bullish PPT
There could be a fucking nuclear war and the algos would ignore it! Fuck the Stock Market!