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Desperately Seeking Rumor Causing Latest Market Spike
In the past few minutes, the market, in true stung dog fashion, has soared without anyone even being faintly aware of what the actual news is. The consensus for the time being is that the primary driver of the latest bout of idiocy is the following BBG headline:
- GREEK PRIME MINISTER MAY BE IMF'S ROUMELIOTIS, NET TV SAYS
How this makes any sense we don't know. Supposedly the IMF being in charge of Greece will make losses to European banks even more negligible (and Greek austerity that much more austere) or something. We don't even pretend to comprehend this BS any more. Obviously we would say this rumor is total BS, but with Europe now a fully onionized continent, we prefer to keep our mouth shut.
What next: Donald Trump for new Greek president?
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What about:
"White House urges Greek govt to move as quickly as possible to fulfill requirements of its Euro-zone rescue program"13:54ET
?
this is the worst tape any trader in history has ever seen.
Times is tough...
With PM's going up, CDS wide, generally crappy news...one sec...
Someone just printed around 800 billion out of thin air. No clue who.
Who's buying bonds right now with the Italian sale canceled because they couldn't find anyone dumb enough to jump in.
From Bloomberg this morning:
Greek Prime Minister George Papandreou agreed to step down to allow the creation of a national unity government that will secure international financing and avert a collapse of the country’s economy.
http://www.bloomberg.com/news/2011-11-05/papandreou-s-unity-government-bid-hits-resistance-as-crisis-talks-begin.html
What do you do.. Laugh? .. Cry?.. Pull the Glock out of the desk drawer and shoot the router?
indifferent - now focusing on my year-end shopping money. if someone is willing to give me their money, i will take it.
beware that we are getting into the santa rally distance
Thank you, brother. If you're not laughing you're crying. If it's not in your hand it belongs to The Man.
We should all think about getting normal jobs except for the slight problem there aren't any.
We should all think about getting normal jobs? What kind of loser lalk is that? We should all think about CREATING jobs because that is not governments job oh never mind.
No doubt. An absolute farce of a market and the most difficult one I've seen in my 14 years of short term trading
i don't see retail coming back any time soon
Already Gone. Got PM's
Alert: Alert: New PM for Greece. Was that the news. LMAO
This tape is about as normal as any other tape I've seen in 12 years of full-time trading. Is this less normal than 1998? What about the short squeeze of 2006? What about the chaos of 2004?
2011 is just as 'normal' (or abnormal) as any other market period in recent memory.
LMFAO @ the "chaos" of 2004 and the squeeze in 06, pahleeeeeze. Take a quick look at your weekly charts and tell me just what the fuck resembles those two periods to now, price action, volatility etc??? Seriously???
'98 asian contagion v-bottom is in the ballpark, but we were at the tail end of the biggest secular bull in history and the emergence of the tech bubble.
So yeah, I'm sorry..... you were saying????
junk this you fucking cunts
What might be real scary to consider is that we may never have seen a real "normal" (unmanipulated) market EVER!
this happens when the end is near, desperation!
Trump would be great. With that dead squirrel on his head, everyone would be in favor of a Greek haircut.
"Insert 2pm market moving rumor here" - market is so efficient it even FC's the rumor b4 it hits the wire.
Buy the nothing, sell the rumor?
HFR = High Frequency Rumors. Algo floats then removes the possible rumor generated from random text of recent news reports, all within 1 few microseconds.
Laughed so hard I about peed myself.
I thought it had something to do with the Fed just releasing a report about US bank exposure to Europe: ... ahem ... apparently the US banks have "considerably" reduced their EU exposure in the last quarter.
That's because ultimately all the shit piles flow if not finally back to but through New York and then ultimately to the City of London. I don't really think that American politcians have any grasp whatsofuckingever on Europe... to wit; they can't even fucking figure out the US's budget and reasons for the downgrade(s).
They're being told what to do and say and Not to Do by the bankandfinance-o-sphere.
Jesus.
Rumors? We don't need no stinkin' rumors!!!
Rumors? Yes we have rumors.
The rumor is three sheeple went short at 1:55,
So Goldman's HFT ramp went off at 1:56 . 100% Cash until we get the real deal. It is a phony market with No Volume.
They do what they want when they want. Kind of funny to watch the Robo's exploit the Fruad Market.
It's the "Berlusconi Trade," as the "pros think his resignation/defeat tomorrow will boost the Euro and cause Italy to rally 4%." So people are hoping for a bye bye Berlusconi Bounce. Presumably because some moron thinks a more LEFT wing government will force even more "austerity" onto Italians? Is there no democracy or logic left in Europe?
Berlusconi may be the only person in Italy that can remotely keep Italy together by shere force of personality, even if he is a corrupt clown. With him gone, let the riots begin.
TRUMP would work!
I'd rather we send Herman Cain to Greece and Romney to Italy. For good.
I have been mentioning the full USA default in end of 2015-beginning of 2016 here:
http://www.tfmetalsreport.com/comment/78029#comment-78029
However, in initial post about this issue, I was speaking about US debt correction, that is distributed haircut of around 3 trillion USD in 2013-2014:
http://saposjoint.net/Forum/viewtopic.php?f=14&t=2626&st=0&sk=t&sd=a&start=100#p31678
Here is the chart that supports that initial view. Its a fit of certain pre-crash behaviour model. How it is produced, is explained here:
http://saposjoint.net/Forum/viewtopic.php?f=14&t=2626&p=34998#p34998
So its earlier than I was saying lately. Lately I was talking of a full scale default, but it looks like it will be gradual, and the first one will happen very soon. To be honest, I forgot about my first idea-but usually they are the most accurate. So some assumptions following it will have to be reworked.
The approximate visual fit with Sornette Johansen log-periodic process with critical time tc = September 30 2013-January 1st, 2014:
http://farm7.static.flickr.com/6100/6322611889_f67e5664fe_o.png
QUESTIONS:
1) The distribution of haircuts of such partial US default (who will forgive 3-4-5 trillion USA debt in few months?)
2) consequences for USD rate to currencies
3) consequences for USD rate to commodities
4) consequences for USD rate to gold, silver ( i will dig into my charts on this)
Mmmm, spam.
We're circling the drain right now; 2012'll be the start of the actual going down the drain. We won't hit bottom until post-2016 when the sheep realize that no amount of elections will save them.
Then it's flame on time, bitchez.
No .. before people realize that elections won't save them, there will be a war, and the military will take care of the "excess productivity" in certain competitors.
do you happen to know tomorrows lottery numbers?
No, but I happen to know that people are suckers for "hope" -- they'll always see some silver lining that doesn't exist. They want to secure their entitlements and comfortable lifestyles: they do not want justice, or freedom, or anything like that.
People are holding out that 2012 and the change of the puppet-in-chief will effect any sort of change, but we know how that works, don't we?
It'll take another 4 years and another election for the sheep to starve enough and lose their coveted entitlements before they'll finally become violent.
And what do you want lottery numbers for? You're no better than any wallstreet bankster trash, it seems?
http://www.youtube.com/watch?v=Ll3uipTO-4A
Seems like the lot of you just mouth your words to go along with the flow--but when it come down to it, each and every one of you has a price. You'd sell your asses for the right price--and it's absolutely disgusting. And many of you people wonder what's wrong with the world today? Look in the fucking mirror.
The michael jackson verdict is in, look no further for why we have a 100 point spike.
COULD anyone here please tell me how to copy paste news headlines from Bloomberg Terminals?
THANKS!
right click the headline!
THANKS A LOT BUT that is ONE LINE AT A TIME> CAN I COPY A WHOLE SCREEN?
So did they convict him of buggering all those kids long ago?
pods
Its the manslaughter trial of the doctor.
Reuters release reads verdict to be read at 4pm ET.
Yeah, I know. I actually worked on making an analog of Propofol.
pods
Enough scotch pretty much works for me.
Or an Obongo speech....
So Michael Jackson remains free...
LOL...I know his career is dead...
Now for the good news of the day: Amy Winehouse has been sober for almost 4 months..
More likely someone left an Algobot unplugged or powered off over the weekend.........
yawn, gold up 28% year to date, while fiat crushed. honestly who cares about these scam shell markets
seriously. Media doesn't even discuss how manic the markets have become due to manipulation. Don't play this casino. Counting cards won't help you.
LMAO! The same scam central banks that set equity prices set gold prices too.
Herman Cain discovered to have huge stimulus package?
Hermain Cain will lend the use his large stimulus tool to all damsels in distress in Euroland. However, this means that if they want to be "made whole", each European country will have to replace all male heads of state with females.
Michael Dukakis next greek PM?
PPT
yes, and how many are buying because someone else did? insanity
Leaked verdict?
(Damn you Gene, damn you to hell :)! )
Notice I went bold, it's my new thing now.
Snooze you lose pal.
Yep. I had to go get the mail........
BUY BUY BUY!!! !!!
I thought Godzilla was rampaging around Manhatten.
Naw. That's Cain's stimulus package.
The lunatics are in the hall.
+1 Pink Floyd
jezzez
Dogs and Cats NOT living together.
Hooollllllleeeeeeeeeeeeeee Shit!
Talk about the foxes taking over the hen house, skullfucking and then eating everything in sight.
Oh man, this shit is just downright fucking criminal.
The Rumor was : NEM making new ALL TIME HIGH BITCHEZZ ? ...
Gee, the 20+ point swings on 500 stocks intra-day is NOT normal??
Obviously I am the only one who gets so fucking tired of the Fed proping up this market....
Or else it's Kudlow on his normal coke binge....
keep the balls in the air.....
so who is trading this fake headline driven random idiocy?
All we know is it wasn't human.
Buffett just doubled down, yep good call, wasn't human yet wasn't robot either.
RobotTrader?
Annnnndddd.....it's gone.
Well, there's still an hour and a half for the paper bulls to sour.
Probably freshly released from: www. govrumormill.gov.eu
Tyler Durder over at Zerohedge just farted blood. EUR spikes on hopes the truth telling will end.
my, how tasteless.
Try some salt...
Did I really have to post that?
The first -1 was me...
Bailing out the Eurozone, questionable deal perhaps. Zerohedge commentary-priceless!
What is the difference between .. Onionized and Socialized.... Nothing.
Bears were hooked again.
You don't need to know anything in this market to win; you just need to believe in it.
Pennies from Heaven!
More like Robotrader praying 14k comes back again to make up for previous losses in 2008..
Funny thing is most of the companies that helped make 14k are now gone.
Frontrunning the afternoon rumor?
I thouhg the market spike was due to AP wire;
"penn-state official surrenders in sex-abuse case"
The markets are up because of what Arthur Jensen describes as "The primal forces of nature " want it that way.
Who the hell pays attention any more,let alone buys on this news? Besides the robots of course.
Looks like the rumors have resorted to gibberish so confusing that no one could possible understand what's being said. Welcome to the rabbit hole.
Certainly Goldman has somebody in the back office they can put forth, no?
If not perhaps they can draft DSK. Seems like a decent fit (pun intended)
Bob Pissonme said that some finance guy speaking at a swiss conference said the Eurocrisis is going to be over within two years max.
That caused the massive spike. Algos saw Euro Crisis Over in one sentence and flipped out buying everything in sight.
Well I was talking to myself in the bathroom, mumbling something about getting the fan fixed and all it moved was a stool, so suck on that Pisani....
Pavlovian market salivation on hearing another rumor bell ring.
hey, eb!
with europa fully onionized, that makes two continents!
Don't know what the rumour was, but seems kinda like a technical bounce off of the 20 DMA, to me. Support is holding as we've tested that line for the past 5 trading days.
Saw some short term aggressive sell signals today but they just didn't really follow through. I'm neutral to bullish short term, but very bearish longterm, obviously.
Maybe we'll retest the 200 DMA before this "rally" finally ends.
wow, look at the buying, the crisis must be OVER
If someone from the IMF is indeed appointed Greek PM...we should expect chaos on a massive scale and marshal law within days if not hours of that announcement.
not that I believe this preposterous headline...but you just can't put anything past these people.
Did CERN have any problem?
I think it's a case of TOO PIG (yes PIG) TO FAIL. In other words, the big boys will keep on pushing the system to its limits for as long as they can keep on stripping the system and the ordinary people of whatever is left like pigs at the trough. Once that is done, they will then turn on each other. Then it is truly over.
In 6 months, the entire Eurozone crisis will be forgotten and spreads will be back to normal.
Your prediction has been bookmarked. Good luck!
He's a chatbot.
HTH.
be careful...he is right...the eurozone crisis will be over because there will be no eurozone and greece and the other piigs will trade as they used to - well wide of the deutschmark denominated bunds - though i think that is more like 2 years away
hopefully, you also will be gone and forgotten.
realy? wasn't Greece fixed two years ago, and last year, and this year, then last month, then this month, then yesterday, then one hour ago, then one minute ago and again a microsecond ago?
Do we expect that to change in six months? I mean there is stupid transfered from your brain to your fingers sometimes but Eurozone crisis forgotten in six months? wow!
Your timing is out - and when Europe is forgotten it will not be because things are going back to `normal` it will be because the USD is plunging and the fed is the only buyer of treasurys!
If Robo makes a prediction BEFORE the results happen, just assume it's wrong.
that's nuts. impossible.
I know they are stalling for time so inflation can reduce the unpayable debts but 6 months is not enough time; unless you mean a temporary rumor.
They also need to re-capitalize from somewhere but they can't seem to sell any of that EFSF debt.
Not to mention Italy 10 year approaching 7%.
Are you betting on a FED bailout of Italy?
Robo comment logged and dated.
Desperate attempts to keep the equity complex up. Same shit different day. These rumour gimmicks were used earlier today to ramp the european "markets". Wash, rinse, repeat. Just keep buying gold folks.
FSLR is selling like a proxy for Euro bond spreads.
Keep an eye on it. Still weak, but when it turns, look out.
Jesus Christ, this is seriously pathetic now. Futures jack job and, now, again with a late day 'miracle'...
I guess there's no reason to try to camoflauge the bullshit now. Just f'ing go for it, I guess.
PPT is seriously flexing their muscle now... Could this be their first intentionally obvious demonstration of power?
or should we just attribute this to the Fed's kickoff of QE3 direct asset purchases???
Rumor has it:
01001010101010100110010010101010010101001010010010101
BTFRAMPJOB
/EXIT
Yes, with modern processors printing binary database dollars is instantaneous.
Someone on CNBC was talking about a "papertrail" with regard to MF Global accounting. Hah! No paper and no trail anymore, just a keystroke or two and reality is altered.
Hyperinflation can now occur overnight, IMHO.
Wall Street noticed the price of gold going up and thought their precious Microsoft was just as valuable and useful in any situation.
So, just how long until the IMF "earns" the right to print unbacked bonds? Wait, make that NATO backed bonds.
Are we there yet?
This is bullshit!
More Free Speech being STRIPED AWAY!
Thats ok.. the harder they push the bigger the break will be when it happens and the more we will be able to claw back from them. for every action there is an equal and just reaction.
"It is the absolute right of the State to supervise the formation of public opinion."
Josph Goebbels
Amerika...just grand ain't it?
Whoopie....we are above that " phycologically important level" of 12,000. Pile in sheeple we are off to the races. All is clear. Any recommendations Robo?
Exactly the point. It'll make for a great headline. "DOW defends 12,000 in volative trading". You know, the shit that makes those with more than 2 nuerons firing roll their eyes and want to barf.
Vapourware markets.
Seriously who even attempts to gamble on this. The investment angle is long dead now.
Playing craps in Vegas is more honest.
Actually I want to apologize for the spike...I accidently farted in a rest stop bathroom in Bergen county and it sounded strangely like "Berlusconi resigns"...someone heard it and started tweeting...
The official media comment:
2:00 pm : A barrage of buying interest has stocks charging higher. Although they aren't yet back to their best levels of the day, stocks are now up nicely from the lows that were set around mid-session.
There hasn't been any headline to account for the stock market's recent upturn, but it has coincided with a bounce by the euro, which is now at $1.376 for only a fractional loss.
Somebody got a fresh clip (a barrage?) of fiat $'s to play with.
Say, when are they gonna re-institute the Downtick Rule?
You know, when you can only buy stocks after a 1000 point decline on the S&P?
Worked great in 2007-8
:)
Just Amazing. Seemed like they were running out of Buyers and Stocks were failing. Cannot Sell into weakness.
Was wondering what happened. Thanks to Zero Hedge it was nothing but a pump to try and find Buyers to Sell into.
Free, transparent and efficient markets as far as the eye can see!
Here's a rumor: Stock prices are 100% manipulated.
Where is the rumor?
Understatement.
Time to Occupy the fucking US markets... This is ridiculous... I mean I think they are seriously mocking us...
Impossible. The last name has no Pap in it.
Aaaand we have the winner!
U.S. Stocks Pare Loss as ECB’s Stark Says Crisis Over in 2 Yearshttp://www.bloomberg.com/news/2011-11-06/u-s-stock-index-futures-advance...
Tyler, now would be the perfect time to post the oh so dear "Full Retard" pic.
Does "crisis over" include WWIII as a possible outcome? I mean, he surely cant mean fixed. Over is something all together different.
Could be that he meant "game over" but the msm didn't dare to print it and instead came out with this bs.
Good find, but it still wouldn't surprise me to see that this rally came before this "announcement"...
its all a bit feeble really. 10 point rallies in the S&P ??? zzzzzzzzzzz
I believe this is probably the breaking news that set the market on that little rocket ride. I mean what the hell else could it be?
http://www.bbc.co.uk/news/uk-england-manchester-15626321
Plus, the Ask on Amzn and Aapl have been stuck all day at the same price. The charts do not even work.
EU said crisis over in 2 years. Forgot to add their will be massive restructuring to get us there.
I think we can all agree that we can continue kicking can for 10 years ala Japan or take our Medicine, convert massive ammounts of debt to equity and hit the reset button.
Those scumbags. This morning I again (after getting killed last Thursday) entered few leveraged bear ETFs and now this!
Good post title, by the way, just before I came here I'd spent 10 minutes trying to find what the fuck had happened (nothing!).
Off-Topic, but...I googled "equity market" for kicks, and the first entry was this:
Stock market - Wikipedia, the free encyclopedia en.wikipedia.org/wiki/Stock_markethttps://www.google.com/images/experiments/p1/p1sprite.png); background-attachment: initial; background-origin: initial; background-clip: initial; background-color: initial; background-position: -400px 0px; background-repeat: initial initial; border: 0px initial initial;" title="Recommend this page">A stock market or equity market is a big fat penus with public entity and a fat girl(a loose network of economic transactions, not a physical facility or discrete ...
Stock market index - Stock market bubble - List of stock market indices - Rally
oh, it was a *Greek* yak that farted this time.
don't forget, the best market, is the canadian real estate market! even RobotTrader bought 3 homes!
come on the rally is clear
1 Uncle Ben said last week buy stocks.
2 The Madhedgefund guy will tell us how he bought this dip at the end of the week
Found the reason....see the following AP headline:
US poverty at new high: 16 percent, or 49.1M Poverty ensnares record 49.1M Americans as new census measure counts medical, other expenses