Biggest Short Squeeze In 11 Months Sends S&P 500 Surging Above 2,600

Tyler Durden's picture

Equity investors, corporate boards, and momo machines are panic-buying stocks this morning, sending the S&P 500 above 2600 for the first time ever... as the yield curve crashes to decade flats...

VIX down, Stocks Up...

 

While USDJPY momo is helping, stocks are quite decoupled...

 

And so are bonds...

 

But it's all about the squeeze... the biggest short squeeze since December...

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QE4MeASAP's picture

CConsider the world saved.

IH8OBAMA's picture

Go baby go!  Pappa needs some new shoes!  S&P 5000 here we come!

 

Traderone's picture

5000? That may take a few years yet but i'll keep buying any weakness until we hit it. 

IH8OBAMA's picture

If Bitcoin can do it, why not the S&P.  LOL

The_Juggernaut's picture

Gotta lmao @ people dumb enough to short a rigged market.

QueeroHedge's picture

Freshly squeezed zerohedgers ha

 

Are the (((market movers))) not letting you in on the action guys? 10-20% in crypto now cunce.

BarkingCat's picture

I call it the Schooner Market.

It has the best rigging available.

JibjeResearch's picture

Sure it can, it's just a little slower....

 

Ghost of PartysOver's picture

Foregt the Queen, God save the Short Squeeze!

RockRiver's picture

Oh good, another "panic".

syzygysus's picture

It really is different this time?

FreeShitter's picture

CTRL-P forever, work 3 jobs till u die young or old....yes to answer your question.

JRobby's picture

L........O........W        V.........O.........L

bobsmith5's picture

Except very H...I...G...H V...O...L when you want to smash the PM's.

VWAndy's picture

 So where is the coralating employment #s?

gatorengineer's picture

We are rapidly approaching negative unemployment numbers.  Meanwhile Underemployment is approaching 100 percent, and the FSA has never had it so good.

Next....

ParkAveFlasher's picture

Government, healthcare, universities are the top employers in nearly every state. 

Ghost of PartysOver's picture

So where is the coralating employment #s?

Fundamentals?  That is so two decades ago.  Fundamentals are no longer in fashion, like bell bottom jeans and mullets.

gatorengineer's picture

Giverment and Universities are generally just an extension of the Free Shit Army, the salaries and bennies are so disconnected from the private sector as to not be funny.

The folks I know in healthcare are getting squeezed just like everyone else, the only winners there seem to be the administrators.

Bryan's picture

Everything is awesome!!

 

 

 

right?

Hkan's picture

Warbullet diversion sits in chamber waiting for Big Bang.

gatorengineer's picture

they are going to save it till they need it (Q1 2018 when the great xmas numbers start rolling in).  Animal spirits will be loose until xmas... its just a question of how stupid this can get.

totenkopf88's picture

They won't wait that long- early Thursday  attack on Hezbollah by Israhell while US fatties watch football and look at Black Friday ads.

gatorengineer's picture

The Kikes aint that stupid, they will wait for a false flag as an excuse, not to say their wont be one, but they wont go in without it, else they will get their ass handed to them as well, because it wont be a conventional war....  The sunnis will get their ass handed to them by the Shia's and their only salvation would be alot of American blood, if the house of Saud tries to start shit as it would appear to be the case.  They cant even deal with Hootie and the blowfish....

DEMIZEN's picture

they will throw everything at them. this week or next they will. ezekiel 7.19

amid increased cyber attacks on mena and rt media peeps will get served a bogus excuse for it. 

E.F. Mutton's picture

If I ever retire, I foresee lots of Friskies Buffet and Brawndo for dinner

BarkingCat's picture

You like to eat that expensive stuff? 

When you compare how much food you get for the same $$$ in cat food versus a  rotisserie supermarket chicken, the cat food is crazy expensive. 

jamesmmu's picture

Everyone is Buffet now, all genius, no need more expert's advise. If market going up everyday, why working, why expand your business, just put all your money in it. thats it.

 

this stock bubble is worse than 2000 dotbubble, why did the last one burst, and this one wont?

 

the sales discount are getting bigger by day in this holiday, ppl are poorer with maxmized credit cards.

How fed is going to help the consumers?

 

auto loan crisis is contained? 

 

Everyone think Centra Banks will take whatever it takes to keep economy growing, but how?

 

lil dirtball's picture

> Everyone is Buffet now

Except people who can't afford his - or any other - manufactured homes:

"The industry, led by Warren Buffett’s Clayton Homes Inc., is peddling such pricey interior-designer touches as breakfast bars and his-and-her bathroom sinks. These extras, plus manufacturers’ increased costs for labor and materials, have pushed average prices for new double-wides up more than 20 percent in five years, putting them out of reach for many of the newly homeless."

https://www.bloomberg.com/news/features/2017-11-21/mobile-homes-are-so-e...

Talk about squeezes ... and rocks and hard spots.

Keltner Channel Surf's picture

You seem like an earnest, pleasant fellow, but frankly, it's hard to fathom how anyone can continue to view markets, which have been Fed-liquidity driven and algorithmically controlled for close to 15 years, with puerile, 'commonsense' statements like this.  Have you never seen a holiday week low-liquidity short squeeze before (hint: volume is NOT running high today).  I say this not to beat you up, but merely to suggest it's time to change, avoid becoming dinosaurs like the "Fast Money' crowd clinging to the past. 

Read Michael Harris' "Price Action Lab" blog to see graphs on how the former high serial autocorrelation (e.g., trend) period ended in roughly 1990, with strong mean-reversion ever since, which has led to a great wealth redistribution from both old-school technical analysts (whose 'indicators' only worked due to autocorrelation, NOT genius) and "this must make sense" fundamental types.  Going forward, NEVER plot any chart in ANY time-frame without volatility envelope overlays (Keltners, Bollingers, etc.), and you'll see 'mean-reversion' is a misnomer, and is as much about return trades toward central 20EMAs in all time frames as it is squeezes up to, and during holiday periods beyond, upper envelope limits where all the short buy-stops are present (and where any selling pressure from the buy side is on vacation).  Good luck!

Erwin643's picture

Thanks for the reminder.

However, as a volatility trader, I only give Keltner channels and Bollinger Bands secondary, or even tertiary weight as indicators. During steep corrections, price can drop so fast it's actually behind the bottom Bollinger Band. And vice-versa if going up quickly. If I read too many overlayed indicators, it starts fucking with my head.

I got out of SVXY today due to overbought RSI readings on the weekly, hourly and 15-min. charts. I'll admit though that the Bollinger Bands and Keltnor Channels are also helping here as indicators. 

Also, in case you haven't tried it yet with Bollinger Bands, try this: Replace the 20-number with a 50. You can also overlap these two different numbered Bollinger Bands. 

Want to guess where I got that one? John Bollinger, himself, from a video interview for Investopedia.

 

 

JibjeResearch's picture

Ahhh great point :) .. Hurrayyyyyyyyyyy....

But you missed a point!

 

The people in the developed world (most of them) will live off of the developing/Emerging Market nations in the form of pensioning (close to the top of food chain) /investing (top of food chain) while those fools (not by choice) work to produce/buy/sell the normal daily life requirement (basic businesses).

 

It has been this way since the beginning of our human time.

Seasmoke's picture

Who is still left to be short squeezed to dust ??? Ron Insana ???? This is the greatest fraud ever !!!

/s.

mily's picture

Didn't BofA say this whole rally since the beginning of 2017 had been a non-stop short squeeze? It's time for a bigger pullback, we're making history every day, the longest no of days since 3%, 5%, 10% pullback, yada yada yada, breadth is as shite as it gets

Clock Crasher's picture

Mass Migration of European money.  

Dow 40,000 -Martin Armstrong. 

JibjeResearch's picture

No way.... IMO.. :)

I think the USD, Euro, Yuan, and other fiats will go to the SDR/XDR crypto.  This crypto comes as soon as the main three: USD, Euro, Yuan take a poop.

SpasticGramps's picture

Death to the bears!

pound the vix's picture

All fun and games until the Sexual Harrassment target is on Donald's back.  I believe This is all a plot to throw a few democrats and liberals under the bus so they can go after Donald and no one will stand to defend him.  The blood in the water is causing a feeding frenzi and no one will stick their toe in the water when they come for Donald.

 

Once impeachment is viewed as possible the market will tank

 

I don't want it to happen, but I fear this is all just a setup.

 

We will see if the deflon Don can avoid getting stuck in this mess.  He needs the shut his twitter and focus on tax cuts

BarkingCat's picture

They cannot impeach him for actions as a private citizen before taking the office.

 That's why the allegation against Al Franken by that ex Playboy model is not that hazardous to him, but the second one, by that lady that was groped by him at the fair is. He was a senator at that time.

Obsidian Samctum's picture

All the dollars comimg back to the US are pumped into the stock market to keep inflation in check. When it crash, we will experience collapse of the market and hyper inflation. Its will bebthe end of the world as we know it.

Prepare yourselves mateees, we are going to be modern pirates ARRGgG

Don Sunset's picture

A market crash and hyper-inflation?  Bhahahahaha

JibjeResearch's picture

When the USD returns... it's full pledged "deflationary inflation."

DEMIZEN's picture

fgs dont fight the fed. go with the programme. clap when you are told. make sure you sit in the back of shit show and look for the exit doors if crowds get angry.

gatorengineer's picture

when the crowd gets angry....

I wonder if it will be the FSA who isnt getting shit fast enough 

-or-

the poor white/asian bastards who are being bled out by the taxes and inflation that will start the show.

rkoen's picture

If it wasn't real last month, it's REALLY not real this time around.

I need a correction just to make sure I'm still on terra firma.

Thethingreenline's picture

Short this pucker at your own risk!!!

TTGL

Davidduke2000's picture

it is the ultimate speculative tool, I would not buy it nor short it.

Bear's picture

Short squeeze? ... Who the hell is short?