The Broken Market Chronicles: Nat Gas Explodes As Man United Implodes

Tyler Durden's picture


The market is so beyond broken. No point in commenting any more. Here is what happened with Natgas in slow motion animation courtesy of Nanex...

And here is what just happened to recently public Manchester United on no news as the $14.00 IPO price defense finally failed:


and close-up on today...

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Thu, 08/16/2012 - 11:20 | 2710631 vinu02
vinu02's picture

last week UNG spiked to 22.03 and then the hype started that natural gas rallying and boom its down down 25%

Thu, 08/16/2012 - 11:34 | 2710685 malikai
malikai's picture

Here's what it looked like to us. It's a new model we have been just evaluating, so we weren't sure what to make of it.

EDIT: This is what the event (and after-effect) was, in human timeframes.

Thu, 08/16/2012 - 11:57 | 2710828 iDealMeat
iDealMeat's picture

Nat Gas, / fracking requires tons and tons of water!  Literally lakes of water..  Good thing we have plenty of it.

ooh, wait.


Thu, 08/16/2012 - 14:51 | 2711624 notadouche
notadouche's picture

Your so right.  It would be much better to nuclear.  Just ask the Japanese or the folks that live in Love Canal or Chernobyl.  And of course coal is the obvious best choice for the environment you so clearly want to protect.  Just ask the folks that lived anywhere near the sludge moutains and carbon emission experts.  Then there is battery.  The Chevy Volt is a prime example of the wonderous technology.  Then there is the use of corn.  Brilliant plan to use a major food source for fuel.  Wind mills will be awesome expecially how they attach to the back of commercial truck.  

Just for heaven's sake lets do anything but drill or frack.  

On second thought man we are fracked as a nation.  Good thing we have the Dept of Energy and EPA to help us navigate the withdrawal of our use of foreign oil and thankfully we won't get access to those dirty Canadian Oil Sands.   

You know though when BP had the oil spill Obama must have done a helluva job avoiding an ecological disaster because I've seen more video concerning the damage the Exxon Valdez caused in the last year than anything that's happend to the Gulf due to BP.  So it must mean that oil spills no longer cause damage so we should drill baby drill because I think I only saw 3 oily seagulls during the entire time the spill was taking place.  Come to think of it you don't even hear any warnings about radiation from Fukishima.  So once again I must presume that all is well and Obama has it all under control, we just have to make sure we do not allow fracking technology because Obama admin hasn't been able to figure out how to minimize the downside to fracking like oil spills and radiation and corn use.  

It's much better to let China buy up all of the shale plays and get access to Canadian oil sands.  Let them take the pollution risk and lower energy cost in hopes of curbing inflation.  Oh wait, that's right there is no inflation because the government said so.  At least not inflation that deserves to be measured.  it only exist in energy, food, healthcare, education cost.  All transitory.   

Well it does seem there is inflation in what it takes to buy the presidency.  No one really talks about it but I would love to see what the inflation rate of winning the office of the President is compared to the inflation rate the government stats report the American people experience which is almost nil for years now.

Fraking A right!  






Thu, 08/16/2012 - 13:50 | 2711260 John Law Lives
John Law Lives's picture

UNG is a pitiful excuse for an ETF for those who want to take a long position in NATGAS.


Thu, 08/16/2012 - 11:21 | 2710632 Verum
Verum's picture

There was a Nat Gas number at 9:30, happens every thursday at 9:30am.  Not saying that it makes sense that HFT provides these pops, but its nothing out of the ordinary.

Thu, 08/16/2012 - 14:05 | 2711348 John Law Lives
John Law Lives's picture

You can go to this site and view a history of weekly NATGAS storage data.

Click on "Gas Storage" in the upper left portion of the screen to see the data.  According to the data, the weekly injection number for 2012 has come in below the 5-year average for that particular week for 19 weeks in a row (dating back to the data for the week ending April 6, 2012).  That is very telling.  The NATGAS surplus is coming down steadily.

Thu, 08/16/2012 - 11:21 | 2710633 fightthepower
fightthepower's picture

That's normal on EIA Storage day.

Thu, 08/16/2012 - 11:21 | 2710635 diogeneslaertius
diogeneslaertius's picture

send in the velociraptor drones

Thu, 08/16/2012 - 11:21 | 2710637 fonzannoon
fonzannoon's picture

Somebody needs to slam the shit out of the gold/siver miners quickly. Some of them are up today.

Thu, 08/16/2012 - 11:21 | 2710638 qussl3
qussl3's picture

73m quid for a 29 year old super injury prone, one season wonder isnt exactly an astute investment.

Massive gamble.

Thu, 08/16/2012 - 11:40 | 2710748 malikai
malikai's picture

Buy high trade low. ManU's got that nailed.

Thu, 08/16/2012 - 14:53 | 2711631 Heyoka Bianco
Heyoka Bianco's picture

It's 23 m, not 73. One season wonder? He's certainly injury prone, but 79 goals and 40 assists over the last 5 years are hardly "one season wonder" numbers,


As an Arsenal fan, though, happy to see the glazers get hosed.

Thu, 08/16/2012 - 15:38 | 2711858 qussl3
qussl3's picture

RVP is no doubt a fantastic player - when he is on the pitch.

His pay packet looks to top 49m, with a 24m fee thats 73m.

But i guess bwin has that covered lol.

Thu, 08/16/2012 - 11:22 | 2710643 spastic_colon
spastic_colon's picture

apparently very bullish for european equities though

Thu, 08/16/2012 - 11:28 | 2710674 NEOSERF
NEOSERF's picture

This is a pure and simple "Running of the Muppets" prior to the prescheduled crash to extract QE and try to get Romney into the White House...simply can't have all this good confidence around and expect things to end up as Goldman wants them...

Thu, 08/16/2012 - 11:36 | 2710720 Dr. Engali
Dr. Engali's picture

Another successful muppet raping. Next up Twitter.

Thu, 08/16/2012 - 11:39 | 2710741 Piranhanoia
Piranhanoia's picture

gambling on sports after the black sox is pretty silly isn't it?

Thu, 08/16/2012 - 11:55 | 2710819 JackT
JackT's picture

Time to invest in Dimenhydrinate

Thu, 08/16/2012 - 11:57 | 2710826 adr
adr's picture

Nat Gas exploded up because inventories ROSE less than expected.

Yes supplies increased so the price must go up.


Rage is past the brewing stage. I think if normal Americans actually understood what was happening there would be thousands of dead bankers in the street within minutes.

Thu, 08/16/2012 - 12:51 | 2711032 Flakmeister
Flakmeister's picture

You continue to demonstrate a complete lack of understanding in the majority of your posts....

Thu, 08/16/2012 - 12:55 | 2711047 Doña K
Doña K's picture

Buffet said nat gas was going to zero and he now invested in it. Everyone is an actor.

Thu, 08/16/2012 - 13:07 | 2711090 oceanview76
oceanview76's picture

Tyler - I'm dissapointed with you guys on this one.  

Every week, same time, same place, the Gov't releases natural gas inventories.  There is always a market reaction.  Paper prices spike or dip based on whether or not it met, beat, or missed expectations.  A build that is less than the forecast will result in a jump, a build that is more than th forecast will result in a dip.  Oil inventories are on Weds.  Even CNBC knows this...

C'mon guys, you're better than this.

Thu, 08/16/2012 - 13:52 | 2711270 sdmjake
sdmjake's picture

Doctors report on Van Persie's ankles must have been leaked...

Thu, 08/16/2012 - 14:10 | 2711381 warezdog
warezdog's picture

Man united, LOL what bunch of muppet morons! I'm guessing faceberg participants hoping for a better outcome? Eitherway both are still doing a faceplant today, gotta love it!

Thu, 08/16/2012 - 15:12 | 2711720 soopy
soopy's picture

This has been happening to NatGas every Thursday at 10:30EST for the last year with the release of EIA inventory numbers, and to a lesser extent with the Baker Hughes rig count data at 12:00CST on Fridays.

Thu, 08/16/2012 - 15:10 | 2711729 bigwavedave
bigwavedave's picture

Thats why we call them MANURE

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