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'Terrorists' Almost Spoil Traders' "Dash-For-Trash" As Volume Disappears
The slow-motion wreck continues...
Trannies are now up over 2% from the start of the ramp at 330ET yesterday... It was all nearly ruined by a late-day "credible threat" headline... but there's no way that's breaking this Santa Claus rally...
With stocks having retraced 50% of the post-Fed plunge...
With crude failing.. and JPY fading... all that was left was to crush VIX (via VXX selling)
Volume was terrible... And so was breadth...but The Long-Bond continues to outperform post-Fed (along with gold) as WTI and stocks lag...
"Most-Shorted" stocks were smashed higher after Europe closed today (same as yesterday)...
And The "dash-for-trash" is most clearly seen here... as Weak Balance Sheet stocks suddenly surge relative to Strong Balance Sheet stocks...
Today's dash-for-trash appears to be a desperate high-beta run for the Santa Claus rally into year-end as they reverse the biggest losers of the year...
But The S&P and Dow remain red for the year... in other words 1% more in this rally for The S&P before we see selling pressure
Chipotlecoli is now down 35% from October highs...
Credit's decoupling yesterday was crushed today...
Corporate bonds rallied (but only retraced around half of the plunge post-Fed)...
But while energy stocks find support at the year's lows, the energy sector's credit risk is continuing to dive... (very late on Energy spreads below even further out to 1406bps - record wides)
Who do you think is right? A 28x Fwd P/E equity market.. or credit professionals?
Treasury yields surged today (led by the long-end) as the curve steepened 3bps or so
Cable plunged today but it was EUR weakness after the european close that sparked a modest recovery in the USD (which closed red)...
Despite the USD Index weakness, commodities drifted lower (with copper worst)...
But WTI rallied as Brent sold off, driving the spread to zero for the first time since January... with Brent hitting cycle lows...
Charts: Bloomberg
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please list the justifiable macro economic reason(s)
for the Dow and S&Pee rallys today....
i fucking dare u.
DEATH TO THE MONEYCHANGERS.
The reasons are there and REAL! You just have to believe in them. Party on...
So the Big Bad is defeated, right? All things are going back to where they ought to be. Order is taking over again. But there is no room in this new world order for magic. Perhaps magic has finished its work in the world, maybe the Big Bad was tied to the source of all magic, or maybe it was sealed away, but all traces of magic are now gone, or at least disappearing fast. The Time of Myths is no more.
Of course, with all magic gone, all beings whose very existence were tied to magic must go away, too. Either they vanish into nothingness, or travel to a better realm, sometimes they even become human, but either way, they're gone with the magic as well. Those that use the former may be more of a Downer Ending, as everything magical that the player worked hard for is now gone, while those that use the latter are more of a Bittersweet Ending, as even though they're gone, they're in a better place.
Supplly and demand. There is more cash through leverage (the FED is NOT withdrawing liquidity, contrary to expectations) than financial assets. Therefore prices rise.
cnlsd was spouting off about this rally being driven by Cat!!!!!!!!!!Isnt this the same Caterpiller that has 30 consecutive quarterly LOSSES????????????????
FUCKING TOTAL BULLSHIT!
IM with SOUSA!
DEATH TO THE FUCKING MONEY CHANGERS.......and Im not liking those political fuckers either!!
Would Santee Claws be a justifiable reason? Year-end bonuses? The fed saying "See My BIG DI*&!"...any of those work?
and his partner
Jihadi claws,,,
He kills you when your sleeping,,,,
come on everybody ,,,you know the words,,,,,,,,,
Simply put, it was our manipulation of the futures which drove it. Does that count as a macro economic reason? We are putting your tax dollars to work for you. As long as we remain unaudited, we can do pretty much any damn thing we please, in as large a quantity as conceivably or inconceivably possible.
We raised rates to give the market a sense that we want to control the bubbles we created, but will buy even more Sp500 futures to offset the natural selling, until the public realizes that we have abolished the normal business cycle, and have done away with bear markets. Since we have completely destroyed the middle class, it is the least we could do, keep their 401ks intact since social security and medicare will soon be completely insolvent.
Believe in our experiment, and BTFD and BTFR, leave logic at the door.
Nice to see the barfing clown one last time before Christmas.
BTFD hohoho
Santa... aka the PPT is on the JOB right till close on Thru.
Stawks are all that matter!
Europe is about to embark on a dash for the exit in the new year, as it is reported that German Chancellor Angela Merkel is allegedly ‘Hitler’s Daughter’ and the Fourth Reich is about to become a reality......
http://beforeitsnews.com/conspiracy-theories/2015/12/the-fix-is-in-franc...
Hitler's sister
ah yes ...on the way ...the long, slow low volume slog to year-end FLAT ( 17983 ) ( 2080 ) #headlinenumbersmatter
Happy Kawanza , Kevin !
Hope Santa drops a deuce down Yellen's chimney this year.
So every "trade" has to have a counter-party.
Who is the counter party in driving up this shit sandwich?
Fed tells bankers to jump and they all shout 'HOW HIGH?'
pensions, all of them. dollar cost averaging, ha, lol.
First active trade today since my quick rip with DUST (which I will come back to).
Maybe they torch me for a little but a dummy like me sees the writing on the wall based on the trannies and smallies already shitting on themselves among several other factors. was waiting to see if we could get a low volume rampfest garbage "rally" into 2042ish and 17425ish on the Industrials and sure enough we got that today. I realize they could try for more to 2070ish and the ATH but can they do that with confirmed breakdowns already underway with trannies, smallies, crude, and credit? maybe. i understand that. hardly any enthusiasm hitting those levels today and if they don't burst through them with volume this week that gives me some confirmation.
consequently, trying to project one of the next areas to show worsening RS and further deterioration. long FAZ at $41.62 modest piece.
"Russia has so far added around 187 tons into its reserves this year. The November addition is Russia's ninth straight month of increase. MOSCOW (Bullion Street): Russia has extended their gold buying spree by adding to their bullion reserves in November, data released by the Central Bank showed on Tuesday. Russia added 22 tons to bring its gold holdings to 1,392.813 tons, or 44.78 million ounces, seventh biggest in the world. Russia has so far added around 187 tons into its reserves this year. The November addition is Russia's ninth straight month of increase.”
http://www.bullionstreet.com/news/russia-adds-22-tons-to-gold-reserves-i...
and for all the morons that still cant accept that it is 1 of the only 2 forms of REAL money....
https://www.youtube.com/watch?v=Dt7hTCeoXUM#t=11
ghost - seriously, good luck(skill), market timing is a bitch, bitchez...
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Button pushers obviously making over hours just before X-Maz. No fat fingers I hope.