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Markets Are Going Nuts

Tyler Durden's picture




 

From stocks (Dow up 460 points from pre-Christmas lows), to FX (total craziness in EUR and GBP); and from Bonds (2Y underperforming this morning!) to Commodities (Copper soaring almost 3%, Crude spiking), it appears markets have gone nuts this morning...

Stocks - buy 'em, you'll love 'em...

 

VIX futures getting crushed...

 

FX markets - dump Cable, dump EUR

 

Treasuries - Short-dated bonds getting monkey-hammered...

 

And commodities are spiking... (despite USD strength)

 

Charts: Bloomberg

 

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Tue, 12/29/2015 - 10:02 | 6973674 Cognitive Dissonance
Cognitive Dissonance's picture

I smell another potential heart attack. I assume Yellen and company will perform CPR....again and again and again until the patient dies?

<Ultimately it is always about the fiat and FX. Always! Some days it is better hidden than others.>

Tue, 12/29/2015 - 10:09 | 6973696 conraddobler
conraddobler's picture

Yes this.

It's difficult to remember at all times that the stock market is in a sense real and the money is fake so that causes odd things like rising markets in the teeth of slowdowns and such.

On top of this the market is trying to look forward about 6 to 9 months and guess what reality will be then and maybe it's thinking things will take off but that's I think a much smaller part than the part that knows our currency is trashed.

It's also thinly traded much easier to manipulate for window dressing etc.

Tue, 12/29/2015 - 10:11 | 6973705 StackShinyStuff
StackShinyStuff's picture

Well the "traders" went on holiday and left the robots in charge.  Whadya expect??

Tue, 12/29/2015 - 10:26 | 6973746 DeadFred
DeadFred's picture

The Fed raised rates when everyone said doing so would cause a crash. Their plan is to move the market upward with brute force and manipulation so they can say "See, everything is just peachy-keen" and maybe they will be believed. That's why they waited until Christmas so the thin markets could be manipulated more easily. We will hit the old highs again and maybe see new ones before it finally crashes. Bears, out of the waters for at least the rest of the week, else you will feel a great squueze.

Tue, 12/29/2015 - 11:22 | 6973925 Ghost of PartysOver
Ghost of PartysOver's picture

I remember seeing something about Hegdies being record bearish a week or so ago.  Hmmm, target rich environment for the computers to inflict massive pain.  AKA Short squeeze.  And don't dis Jolly Ol Saint Nick.   When Rudolf heads north after his tiring journey so does the market.

Tue, 12/29/2015 - 12:14 | 6974171 The Merovingian
The Merovingian's picture

Clearly someone's algorithm is pissed off it didn't get the GI Joe with the Kung Fu grip for Christmas and it is gonna BTFD until Daddy brings one home!

Tue, 12/29/2015 - 11:18 | 6973874 sgorem
sgorem's picture

Cog, I'm of the humble opinion that the patient died long ago and yellin & co. are blowing toxic air into..... The Corpse

Tue, 12/29/2015 - 11:23 | 6973930 Cognitive Dissonance
Cognitive Dissonance's picture

Zombie markets. How fitting.

<The walking dead shall rise again.>

Tue, 12/29/2015 - 12:22 | 6974199 TRM
TRM's picture

Weekend at Bernie's

Tue, 12/29/2015 - 10:03 | 6973680 Calculus99
Calculus99's picture

One of the biggest fallacies in all of markets is the week after xmas and before new year shouldn't be traded.

It's too thin and quiet many parrot, repeating just more bullshit about the markets.  

However, the truth, assuming you're not a mega player, is this time period is a major money making one as proved yet again by the current action.

Tue, 12/29/2015 - 10:10 | 6973704 SoilMyselfRotten
SoilMyselfRotten's picture

Maybe they just don't want you playing in their sandbox

Tue, 12/29/2015 - 10:03 | 6973686 buzzsaw99
buzzsaw99's picture

eoy window dressing imo

Tue, 12/29/2015 - 10:08 | 6973698 thinkmoretalkless
thinkmoretalkless's picture

The past seven years the markets have been like a video game folks are playing below deck on the Titanic. "I reached level 9"!

Tue, 12/29/2015 - 10:08 | 6973700 Ribeye
Ribeye's picture

Iv never looked forward to new years eve so much in all my life...I can just feel it in my bones that 2016.is gonna be an epic year...

And I for one can't fckn wait...iv had about as much of this shite as I can stomach...

Tue, 12/29/2015 - 10:12 | 6973706 conraddobler
conraddobler's picture

Well settle in I think we've got a lot longer to deal with all this.

These things move very slowly for a very long time.   It's taken from 1972 "1913 to be completely accurate or over a 100 years in this cycle of destroying a currency" to get where we are now so it seems like it's going to be any day now.

It could be it also could be 20 years from now.

 

Tue, 12/29/2015 - 10:21 | 6973730 Ribeye
Ribeye's picture

True...it may not even happen in my lifetime...however...my bones have spoken...and they are rarely wrong:)

Now they're telling me to sneak off to the local for a few afternoon pints....

Far be it from me to argue:)

 

Tue, 12/29/2015 - 11:50 | 6974039 conraddobler
conraddobler's picture

I hope your bones are right I'm tired of this crap too and I like your rememdies.  Afternoon pints never hurt anything :)

Tue, 12/29/2015 - 10:09 | 6973701 Baby Eating Dingo22
Baby Eating Dingo22's picture

Define nuts?

Nuts would be unusual behaviour

This looks pretty normal anymore

Tue, 12/29/2015 - 10:09 | 6973703 hairball48
hairball48's picture

It's all bullshit. Who knows anymore.

Still stackin'

hairball

Tue, 12/29/2015 - 10:12 | 6973708 deKevelioc
deKevelioc's picture
Markets Are Going Nuts

An exaggeration. 

Tue, 12/29/2015 - 10:25 | 6973742 Took Red Pill
Took Red Pill's picture

yeah currently gold is up $2.50 and silver 12 cents! Not exactly going nuts.

Tue, 12/29/2015 - 10:17 | 6973716 SillySalesmanQu...
SillySalesmanQuestion's picture

The PPT felt sorry for everyone, even Gartman. So they set out a end of the year punch bowl...gotta have a green finish of those year end bonuses.

Tue, 12/29/2015 - 10:18 | 6973720 allamerican
allamerican's picture

top secret stuff; bear call spy at tippy top. never mind..

buy stock before they fall, never mind.

grandma; media; invest pop have a handle on this, never mind..

 

damn it!

Tue, 12/29/2015 - 10:18 | 6973721 papaswamp
papaswamp's picture

US Debt crosses the $18.8 Trillion mark.... must be the reason for the rally...

Tue, 12/29/2015 - 11:25 | 6973939 redd_green
redd_green's picture

The more the better!  Lets pump up that public debt to 20 trillion!   30 trillion!   Yeeeehawww!

Tue, 12/29/2015 - 10:19 | 6973723 Peter Pan
Peter Pan's picture

I am in a bit of a predicament with my prayers. On the one hand I don't want time to go so quickly and on the other hand I wish I could fast forward the clock to see what kind of shit hits the fan when the funny business can no longer be supported by funny money.

I guess end of year bonuses have to be supported.

Tue, 12/29/2015 - 10:48 | 6973819 astoriajoe
astoriajoe's picture

I doubt whatever higher power you're praying to cares much about your timelines. 

Tue, 12/29/2015 - 10:36 | 6973779 Omega_Man
Omega_Man's picture

stack peas, beans, rice... firewood

Tue, 12/29/2015 - 10:40 | 6973790 Dark Daze
Dark Daze's picture

And the cracks turn into chasms. I wonder how long it will be now?

Tue, 12/29/2015 - 10:40 | 6973791 Schroedingers Cat
Schroedingers Cat's picture

You know that sound Voldemort makes in the last Harry Potter movie.  aaaaaiiiieeeee!!!!!?!?    That's the sound of every rally lately.  This is rediculous.  It's like Smaug the dragon roaring and biting at the sky after Aragorn stuck his heart with an arrow.  

Tue, 12/29/2015 - 11:11 | 6973881 Montani Semper ...
Montani Semper Liberi's picture

Ummm...  Bard the Bowman was the character who shot Smaug under Mount Erebor (The Lonely Mountain).

Tue, 12/29/2015 - 11:29 | 6973957 redd_green
redd_green's picture

Dude!  I think your keyboard, is like, broken, man.

Tue, 12/29/2015 - 11:35 | 6973973 redd_green
redd_green's picture

The very, very sad thing is that the real Voldermorts are behind the people who are behind the people ... who run the show.   We don't even have a clue who they are, they are so well hidden. 

Snuggled away in their mansions on their secluded 10,000 acre estates scattered around te world, pulling the little strings that make the political puppets mouths and arms move.  

When the guano hits the fan, the angry hordes won't even know where stampede.  Maybe they will get a few of the hedge fund managers, the 'little theives' to skewer over the fire, but the biggest and most evil rats always have protected themselves with their own little armies, hidden far out of view. 

Tue, 12/29/2015 - 11:35 | 6973975 redd_green
redd_green's picture

My goodness, Redd, that sounds awfullly pessimistic!

Tue, 12/29/2015 - 10:51 | 6973834 falak pema
falak pema's picture

The Oligarchs have a lot of pull; it is THEIR world; contrary to what ZH pretends.

The decay is much slower than ZH pretends since 2009. Supernova explosion is like imperial decay of a hypergiant star. But the core can survive and does not die overnight. Think of white dwarf and stellar decay...

Empires are like container ships they don't keel over easy. They have resilience. And they have POWER.

And the US Titanic has yet to hit the big white one...

The writing is on the wall that the Titanic heads for troubled waters because of its elite's Mindset : Hubris; like all Empires do. Pax Americana has become a hypergiant star in the Universe of Man's galaxy. But the moving finger has not writ : "it is NOW, the fall".

And the moving finger cannot anticipate; it can only write a post-mortem.

Thats the beauty of historical analysis, it can establish a trend but not an OUTCOME.

Nobody knows the future. Especially not a historian, he is a scribe who can analyse but he is not a  speculator or an astrologer. As Steve Jobs said: I can correlate the performance points of the past to establish a trend but not of future projections!

As for being a Magellan you have to be Elon M and not Mellon yellow like Donald T.

Tue, 12/29/2015 - 11:19 | 6973914 TheSkipper1967
TheSkipper1967's picture

Just looked at the Debt Clock at $18.8T and a rough estimate is that it goes up $1M every 75 seconds.  Given that rate we will hit $20T in 2.85yrs.  Or 1,039 days or 24,926 hrs or 1,495,588 min or 89,735,250 seconds. 

Tue, 12/29/2015 - 11:28 | 6973952 redd_green
redd_green's picture

The collapse is going to be spectacular!   Dogs and cats living together, people burning their furniture in the fireplace to keep warm, mixing shredded cardboard and neighborhood rodents in with the canned soup, that is if we even HAVE canned soup.  

Ahh, what a wonderful job the central bankers have done on our dear USA!

Tue, 12/29/2015 - 11:51 | 6974051 WakeUpPeeeeeople
WakeUpPeeeeeople's picture

There is nothing wrong with squirrel stew or dumplings. In  some countries rat meat is a staple. Either one sure beats grubbing for worms. And good luck finding a squirrel in your neighborhood a week after the SHTF.

Tue, 12/29/2015 - 11:36 | 6973978 GRDguy
GRDguy's picture

Nah, it's just the new lasers are online now, front-running the laggards and algos tryin' to catch up.

http://www.zerohedge.com/news/2015-12-27/meanwhile-over-new-york-stock-e...

Tue, 12/29/2015 - 11:36 | 6973980 redd_green
redd_green's picture

Did someone mention large breasted women?

Tue, 12/29/2015 - 11:52 | 6974061 Still Losing Money
Still Losing Money's picture

so it looks like the doom and gloomer buy gold and bury it in your back yard types were wrong AGAIN!. weren't we all supposed to die in September or something?

just look at a simple chart, the trend is still UP. you need to beark the trendline FIRST. especially if computers and their algos are doing most of the trading. the algos are NOT designed to be contrarian, they are designed to FRONT RUN the current trend. 

Tue, 12/29/2015 - 12:03 | 6974117 GemRavager
GemRavager's picture

Can someone explain to me what the @ means behind the graphs mean. Also what does the VIX futures graph really show, I understand what futures are, but why would they be going down and up? Please help a noob out, thanks in advance

Tue, 12/29/2015 - 12:30 | 6974233 Ban KKiller
Ban KKiller's picture

I'll consult my chickens to find out the truth about the markets. So far they are shitting out what is fed to them.

Tue, 12/29/2015 - 14:28 | 6974636 assistedliving
assistedliving's picture

ZH nuts are Mr. Market's peanut butter

everything is smooth and creamy, peachy keen

buy stawks, bonds, commodities, R/E.  buy anything and get w/ the program 

or you must be ISIS as they're the only ones without a bloomberg terminal

and use stone age barter  

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