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Did The Fed Leak The European Bailout Decision On Monday Morning? A Visual Exhibit

Tyler Durden's picture





 

We talked about the total disconnect between US equities and the rest of the global financial market on Monday morning. At the time, many market participants commented that they had not seen this kind of disconnect so broadly and how strange it was - and with reasonable volume (unusual for an upswing). Well, now we have some details on what exactly was said and done on Monday with the Fed decision, perhaps it is clear that someone somewhere was tipped off that this was coming as the rest of the world's risk assets leaked inexorably lower and US equities hugely outperformed.

Instead of comparing ES (the e-mini S&P Futures Contract) against each and every risk asset, we use CONTEXT (which attempts to aggregate many of the global risk drivers into one indicator). Its clear at least from the chart that regimes shifted dramatically on Monday and we also noted that European equities were so dramatically disconnected from credit that evidently someone was 'guessing' really well with a large amount of flow.

Chart: Bloomberg

 


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Wed, 11/30/2011 - 12:23 | Link to Comment RacerX
RacerX's picture

nah, pure coincidence.

..now back to my porn.

Wed, 11/30/2011 - 12:34 | Link to Comment Fukushima Sam
Fukushima Sam's picture

Must... stuff...  debt...  hole...  with...  fiat... (gasp!)

Wed, 11/30/2011 - 12:40 | Link to Comment Comay Mierda
Comay Mierda's picture

if it looks like a piece of shit, smells like a piece of shit, then its gotta be the Bernank

Wed, 11/30/2011 - 12:52 | Link to Comment Hober Mallow
Hober Mallow's picture

Politicians can't stop being what they are: a bunch of greedy bastards.

Wed, 11/30/2011 - 12:53 | Link to Comment NotApplicable
NotApplicable's picture

More properly known as power-hungry tools.

Wed, 11/30/2011 - 13:21 | Link to Comment redpill
redpill's picture

You cannot trade this market anymore without insider information, and this demonstrates it.

Sudden, arbitrary intervention that undoubtedly buried many investors who had made rational investment decisions based upon the realities of the market.  People working in favor of actual price discovery, real fundamentals, demonstrated price action, all suddenly fucked because a handful of madmen around the world think they can centrally plan the global economy.  And they call this a rescue?  Only for morons who were long the wrong stocks.

 

Wed, 11/30/2011 - 13:43 | Link to Comment Harlequin001
Harlequin001's picture

Look I know these people and I can categorically assure you that they are of the finest fucking integrity, and that they would die before doing such a thing...

Wed, 11/30/2011 - 13:45 | Link to Comment Harlequin001
Harlequin001's picture

and my appointment to Treasury Secretary comes in 5.. 4... 3... 2...

Wed, 11/30/2011 - 16:30 | Link to Comment Mauibrad
Mauibrad's picture

Scum.

Wed, 11/30/2011 - 13:46 | Link to Comment Thomas
Thomas's picture

Gotta have Lunch with Hank.

Wed, 11/30/2011 - 14:34 | Link to Comment ActionFive
ActionFive's picture

Price action Friday and Sunday said this was a fed move.

Retail movement/reactions are gone.

Wed, 11/30/2011 - 12:55 | Link to Comment Whatta
Whatta's picture

And to think...the downgrade of the banks rating JUST BEFORE this. Talk about a paper-over, dilution of news cycle and orchestrated POS.

Who has the playbook? I wanna know what is next too!!!

Wed, 11/30/2011 - 12:56 | Link to Comment Comay Mierda
Comay Mierda's picture

down is the new up

Wed, 11/30/2011 - 18:18 | Link to Comment Catflappo
Catflappo's picture

I just met with someone who works for a bank here in New Zealand - he's not a trader, he's on a product development side so he's pretty disinterested in markets.... but anyway, he tells me that on Monday (i.e. Sunday in the USA) his office was TOLD that the banking downgrades were about to take place !

Wed, 11/30/2011 - 12:45 | Link to Comment CORNGUY
CORNGUY's picture

I agree.   People with power and influence never get together and use their combined knowledge to profit.  Racer, that would be unethical.    </sarc>

Wed, 11/30/2011 - 14:11 | Link to Comment Smiddywesson
Smiddywesson's picture

People with power and influence never get together and use their combined knowledge to profit.  

Yup.  There will never be rational markets, because people with power and influence can't make a buck without exercising that power and influence on a market that otherwise would be a level playing field.

Markets always were, and always will be, fixed. 

Wed, 11/30/2011 - 13:03 | Link to Comment JustObserving
JustObserving's picture

How do you like your job at the SEC?

Wed, 11/30/2011 - 12:24 | Link to Comment ucsbcanuck
ucsbcanuck's picture

Why am I not surprised?

Wed, 11/30/2011 - 12:25 | Link to Comment Cleanclog
Cleanclog's picture

Of course there was leakage.  That's part of their "expectations/confidence/management".  Fed, Treas, Admin, Congress (except Paul) all wink wink nod nod.

Wed, 11/30/2011 - 12:25 | Link to Comment Turd Ferguson
Turd Ferguson's picture

And this surprises whom?

Wed, 11/30/2011 - 12:39 | Link to Comment GeneMarchbanks
GeneMarchbanks's picture

Uhm ... it would surprise CNBC if they weren't too busy not reporting on this...

Wed, 11/30/2011 - 16:21 | Link to Comment RockyRacoon
RockyRacoon's picture

It WAS mentioned this morning by that funny looking guy with the bit o' white in his chinny-chin-chin lip hair.   That Pete Najarian fella.   He did raise an eyebrow in mentioning it and look longingly at the camera ("Look at me! I know something you don't").   That was all.  No follow up, of course.  That would indicate a confirmation of market collusion, and we shall not have any of that.

Wed, 11/30/2011 - 12:25 | Link to Comment Irish66
Irish66's picture

How did we miss it?  

Wed, 11/30/2011 - 12:44 | Link to Comment hedgeless_horseman
hedgeless_horseman's picture

 

 

We should have listened to Todd Martin.

Wed, 11/30/2011 - 12:25 | Link to Comment The Big Ching-aso
The Big Ching-aso's picture

 

 

Does a stick smell like shit when it's stuck in someone's ass?

 

Wed, 11/30/2011 - 16:22 | Link to Comment RockyRacoon
RockyRacoon's picture

Only if you pull it out and sniff it.  I'd advise against such action.

Wed, 11/30/2011 - 12:25 | Link to Comment homersimpson
homersimpson's picture

Unfortunately, this chart is as helpful as Robo's hindsight predictions.

Wed, 11/30/2011 - 12:33 | Link to Comment firstdivision
Wed, 11/30/2011 - 12:25 | Link to Comment Eagle1
Eagle1's picture

Meh

Is it their fault that they all came to the same brilliant conclusion at the same time?

Wed, 11/30/2011 - 12:26 | Link to Comment arm50
arm50's picture

That is part of their, " improving communication with the public."

Wed, 11/30/2011 - 12:26 | Link to Comment misterc
misterc's picture

It's leaked in order to strengthen the banks' balance sheets. Prop trading and so forth.

Wed, 11/30/2011 - 12:54 | Link to Comment DarkestPhoenix
DarkestPhoenix's picture

Leaked to strengthen bonuses, is likelier.

Wed, 11/30/2011 - 12:26 | Link to Comment slaughterer
slaughterer's picture

Any chance of this compressing in the near future?  I think, yes.  

Wed, 11/30/2011 - 12:26 | Link to Comment Captain Benny
Captain Benny's picture

No oversight of the Fed... I'm not suprised.  Lets just keep watching bond yields in Europe, they'll have to do a LOT more to fix the Euro problems.

Wed, 11/30/2011 - 12:26 | Link to Comment lizzy36
lizzy36's picture

This is the best Bernanke can do. Make NO mistake leaking this decision was part of his effort. This was a coordinated effort and a coordinated leak. 

Don't forget Bernanke's 3rd and most important mandate: "wealth effect".

Despite his 2002 speech he knows that it will be the end of the Fed as we know it if he actually started directly buying EU debt.

This is an election year, with 9% unemployment and record deficits, Geithner can't spend one single YANK cent on bailing out the EU without killing Obama's 2nd term dream.

So here it is boys and girls, the desperate act of a desperate Central Bankers.

November fund statements will be mailed tomorrow. Allowing the Season of Shopping to continue unimpeded. Exactly what Bernanke wanted.

Wed, 11/30/2011 - 12:33 | Link to Comment YesWeKahn
YesWeKahn's picture

This is why Princeton is ranked 1st college in the country. They teach you how to cheat.

Wed, 11/30/2011 - 12:45 | Link to Comment azusgm
azusgm's picture

And now we have a selling opportunity. I sold out today. When a dividend settles on the 5th, I'm out of the brokerage account. The markets will never be a safe sandbox until the crooks are gone, therefore I probably will never be going back. 

IMO, bullish for selected rural real estate because trust in "systems" will be deteriorating even further and whatever money is left has to be somewhere along with hard assets, food, water filters, etc. I wish I owned a water well company.

Wed, 11/30/2011 - 12:48 | Link to Comment BlackSunshine
BlackSunshine's picture

Maybe this should be rebranded as QE 3....not the "coordinated action by 6 central banks", not we should just call it something that sheeple can relate to.

Wed, 11/30/2011 - 12:27 | Link to Comment ffart
ffart's picture

HOW DARE you implicate the Fed in fraudulent activity. Oh wait, our entire monetary system is a fraud? Carry on, then.

Wed, 11/30/2011 - 12:28 | Link to Comment Dr. Engali
Dr. Engali's picture

I'm curious about the 190,000 Jan  call options on BAC opened up yesterday.

Wed, 11/30/2011 - 12:35 | Link to Comment firstdivision
firstdivision's picture

I'd take that as a sign that the bank is trying to profit from vol, so when vol does drop buy some puts.

Wed, 11/30/2011 - 12:38 | Link to Comment 79
79's picture

I'm sure it's just someone hedging themselves. Nothing to see here. Apart from a fleet of helecopters.

Wed, 11/30/2011 - 12:28 | Link to Comment Tense INDIAN
Tense INDIAN's picture

whatever they do ...we are more likely to have a HUGE DOLLAR RALLY ....look at the charts ......this could play out ::::

is that a HUGE INVERSE HnS in the dollar  charts ???

http://markettechnicals-jonak.blogspot.com/2011/11/potential-huge-inverse-hns-in-dollar.html

Wed, 11/30/2011 - 12:28 | Link to Comment pauhana
pauhana's picture

Still can't figure out how the likelihood of a major European bank failure is worth 400+ pts on the Dow.  Doesn't sound like good news but I guess in this crazy old world, it is.

Wed, 11/30/2011 - 12:56 | Link to Comment viahj
viahj's picture

dontcha know, pensions are heavily in equities and they control large voting blocks, gotta keep the sheep all pointed in one direction...to the slaughter (post election).  TPTB can't be all that concerned with equities, they go after real assets.

Wed, 11/30/2011 - 12:58 | Link to Comment The Fonz
The Fonz's picture

I can think of a way. The market usually turns on any belief that is too widely held. Everyone believes this bailout is going to work.. for now.  The market USUALLY proves you wrong.  You would think it would be easier to make money knowing that :(

Wed, 11/30/2011 - 12:28 | Link to Comment TideFighter
TideFighter's picture

There should be a Johnny Carson "fork in the road" a bit after 9:00.

Wed, 11/30/2011 - 12:28 | Link to Comment HANKREARDON
HANKREARDON's picture

I accepted this thesis on faith, now I know there was a leak and I believe.  

Wed, 11/30/2011 - 12:31 | Link to Comment The Big Ching-aso
The Big Ching-aso's picture

 

 

"Bandaid!"

"No tourniquet?"

"Not this time, it's only a severed arm."

Wed, 11/30/2011 - 12:39 | Link to Comment HANKREARDON
HANKREARDON's picture

"Just a flesh wound" - The Black Knight

http://www.youtube.com/watch?v=zKhEw7nD9C4

Wed, 11/30/2011 - 12:29 | Link to Comment Bansters-in-my-...
Bansters-in-my- feces's picture

Na....

Your goverment would not leak this info,I am sure.

The "FED" is your Goverment,is it not...?

Silly fucking rabbits.

I mean sheep,that fuck like rabbits.

Wed, 11/30/2011 - 12:33 | Link to Comment old naughty
old naughty's picture

Last I heard, it was a corporation owned by a bunch of eh, you-know-what...

I am going back to my hole now...

Wed, 11/30/2011 - 12:34 | Link to Comment old naughty
old naughty's picture

fast finger, sorry...

Wed, 11/30/2011 - 12:29 | Link to Comment oleander garch
oleander garch's picture

We neither admit nor deny that this information was released to certain private interests before being released to the public.  Oh, and we promise never to do it again.

Wed, 11/30/2011 - 12:30 | Link to Comment dracos_ghost
dracos_ghost's picture

Yup. Must have been the Olestra soaked pork rinds they were serving as snacks.

Wed, 11/30/2011 - 12:31 | Link to Comment YesWeKahn
YesWeKahn's picture

Even they leaked it, it wasn't a crime. They are all out of law.

Wed, 11/30/2011 - 12:35 | Link to Comment NotApplicable
NotApplicable's picture

Just standard procedure.

Wed, 11/30/2011 - 12:31 | Link to Comment the not so migh...
the not so mighty maximiza's picture

bailouts and rumors of bailouts

Wed, 11/30/2011 - 12:31 | Link to Comment firstdivision
firstdivision's picture

This same shit show happened last September, the day before the QE2 announcement.  There was one day in paticular that had massive volume to the upside at the last minute of trading. 

If anything, this crisis has shown that the markets have never been free, and that DC controls all rules of the game.  Can't say I'd be sad if someone vaporized DC seeing as how it is the largest concentration of criminals in the US. 

Wed, 11/30/2011 - 12:42 | Link to Comment Janice
Janice's picture

Beware of the suited, cigarette smoking men in the black sedan outside your house.

Wed, 11/30/2011 - 12:48 | Link to Comment firstdivision
firstdivision's picture

*peeking out the window*

Wed, 11/30/2011 - 16:27 | Link to Comment RockyRacoon
RockyRacoon's picture

You'd think they'd be a bit more subtle in pulling off these things, but with the SEC on holiday season schedule there will be nobody to look into the situation.   Ain't no law that can't be skirted in this market environment.   There is no insider trading when you are both the insider AND the trader.

Wed, 11/30/2011 - 12:32 | Link to Comment Non Passaran
Non Passaran's picture

Hmm, because of those thugs I lost money while shorting stocks, I guess I will have to compensate myself by paying less taxes this year.

Wed, 11/30/2011 - 12:33 | Link to Comment CPL
CPL's picture

Well, corn is nearly two points over.  All this means is my retail price for corn seed is going to go from expensive to mortgage breaking.

CORN FUTURE (USd/bu.) 614.500 9.000 1.49% 11:07

Take the 614 x 3.8 and that is now the cost of cured corn seed on husk.  Although the multiplier now is only 3.8, with the "free ride" given, the multiplier is now 18.5.  To put it bluntly next year nobody in north america eats cheaply.

 

This will destroy the dining out experience and the dining in.

 

I hope most of you know how to bake bread, because this type of price hike destroys bakeries.

 

Wed, 11/30/2011 - 12:45 | Link to Comment prains
prains's picture

The biggest loser show should incorporate fat people running from crowds of emaciated hungry people as part of their work out regime.

Wed, 11/30/2011 - 12:49 | Link to Comment hedgeless_horseman
hedgeless_horseman's picture

 

 

Oats up too. 

Wed, 11/30/2011 - 12:32 | Link to Comment bob_dabolina
bob_dabolina's picture

If the FED did leak would it matter?

Who would prosecute them?

Wed, 11/30/2011 - 12:33 | Link to Comment CPL
CPL's picture

Exactly.  No one.  They are TPTB.

Wed, 11/30/2011 - 12:55 | Link to Comment Liquid Courage
Liquid Courage's picture

Right. Remember this brilliant little epigram of John Harington (also spelled Harrington) (4 August 1561 – 20 November 1612)

"Treason doth never prosper: what’s the reason? Why, if it prosper, none dare call it treason."

Strangely enough, Harington was also the inventor of the flush toilet ... so I guess he had it covered coming and going, eh wot?

http://en.wikipedia.org/wiki/John_Harington_%28writer%29

Wed, 11/30/2011 - 12:35 | Link to Comment Cone of Uncertainty
Cone of Uncertainty's picture

This is why we all sit at our company owned desks all day, drinking stale ass coffee, posting on fucking zerohedge watching our upvote count, and the inside money men that run this muther fucker smoke cigars and get BJ's at lunch while sipping Dom and throwing back oysters and caviar topped Carr's table water crackers.

If you aren't in the club by now, you never will be.

Wed, 11/30/2011 - 12:38 | Link to Comment firstdivision
firstdivision's picture

Caviar is the most disgusting shit I've ever tasted.  Never understood why people eat it.  I guess it let's sadistic people imagine they are chewing the fetus of the middle and lower class. 

Wed, 11/30/2011 - 13:14 | Link to Comment SmoothCoolSmoke
SmoothCoolSmoke's picture

Damn!  Nothing like puffing  on nice big stogie with a great shaggy mass of brunette hair buried in you crotch.  Lucky crooks!

Wed, 11/30/2011 - 12:36 | Link to Comment WonderDawg
WonderDawg's picture

I guess I shouldn't be surprised, but the blatant, unadulterated, in-your-fucking-face fraud still strikes me cold and leaves me wondering what they won't do to line their own pockets.

Wed, 11/30/2011 - 12:37 | Link to Comment poor fella
poor fella's picture

Congress

Wed, 11/30/2011 - 12:39 | Link to Comment Divine Wind
Divine Wind's picture

There will ALWAYS be leakage on moves like this. The bailout participants don't just show up. There are discussions, procedures and processes laid out, cover stories, out strategies, preselection of fall guys, etc...

With the sheer number of institutions involved, along the way, someone is going to let slip what is up, intentionally or unintentionally.

Wed, 11/30/2011 - 16:38 | Link to Comment RockyRacoon
RockyRacoon's picture

If we can invade Europe without the Germans being any wiser, they can do this stuff and keep it quiet.  Maybe if they renamed it "treason" instead of "insider trading", they could keep some civility in the markets.   If some MPs with M16s showed immediately, instead of SEC suits -- eventually, they could maintain some secrecy.

Wed, 11/30/2011 - 12:42 | Link to Comment Vincent Vega
Vincent Vega's picture

DOW +400 today...only leaves it down about 2100 points since the 2007 high. And we've spent (gone in more debt) how much to accomplish this feat of magic?

Wed, 11/30/2011 - 12:47 | Link to Comment The Answer Is 42
The Answer Is 42's picture

There really must be blood on the street before things change. Mass apathy while the privileged steal and plunder like there's no tomorrow. This feels like the eve of empire's end.

And people are still embattled in their petty quarrels between tea party and OWS. What the fuck.

Wed, 11/30/2011 - 13:26 | Link to Comment topcallingtroll
topcallingtroll's picture

Well said.

Wed, 11/30/2011 - 12:47 | Link to Comment Everybodys All ...
Everybodys All American's picture

Leak it? Obama said America stands ready to help in the EU crisis. You'd have to be asleep if you didn't think he knew.

Wed, 11/30/2011 - 12:49 | Link to Comment dbach
dbach's picture

This is why I love zerohedge, thanks Tyler!

Wed, 11/30/2011 - 12:56 | Link to Comment Village Smithy
Village Smithy's picture

Speaking of "Context" how does it compare to Gartman's new ETNs, risk ONN and risk OFF ? Maybe some of us little people could use these ETNs to play the spread between CONTEX and the ES. 

Wed, 11/30/2011 - 12:56 | Link to Comment madbuilder
madbuilder's picture

'the rich are getting richer, and the poor are getting drunk'

paul westerberg

Wed, 11/30/2011 - 13:06 | Link to Comment razorthin
razorthin's picture

Heh,  where's the outrage OWS'ers and Neocons?  Or, are you just tickled that you can now be temporarily guiltless about savoring your superfluous xmas doodads and bloodshed?

Wed, 11/30/2011 - 13:02 | Link to Comment lemarche
lemarche's picture

Banana Republic, full on !! Banksters and politicians colluding : 0.01% against... all the rest !!

Wed, 11/30/2011 - 13:03 | Link to Comment AldoHux_IV
AldoHux_IV's picture

PPT and PWG the new SS of the new regime fed-- they get compensated well for doing the bidding of schemes that only serve to manipulate markets and ultimately price-- prices we as the plebs have to now pay for.

Wed, 11/30/2011 - 13:11 | Link to Comment kralizec
kralizec's picture

The corruption in the Fed & the Obama Regime is transparent to all, except to leftist trash, like in the OWS slums!

Wed, 11/30/2011 - 16:40 | Link to Comment RockyRacoon
RockyRacoon's picture

Why don't you find your rock and crawl back under it....

Wed, 11/30/2011 - 13:24 | Link to Comment topcallingtroll
topcallingtroll's picture

So all you FBI might consider going after some big fish rather than wasting your time with us peons on a minor blog site.

Insider trading on nonpublic information is a crime.

Wed, 11/30/2011 - 13:27 | Link to Comment xcehn
xcehn's picture

That was surely a rhetorical question.

Wed, 11/30/2011 - 13:28 | Link to Comment topshelfstuff
topshelfstuff's picture

"""""""Well, now we have some details on what exactly was said and done on Monday with the Fed decision, perhaps it is clear that someone somewhere was tipped off that this was coming as the rest of the world's risk assets leaked inexorably lower and US equities hugely outperformed.""""""

I think that is pretty much a "given". The report yesterday, just for one example, re: Paulson's disclosure to his buddies, is amazing that this finally comes out and allowed to be "Swept Under The Rug".

There is one other point and I've mentioned this several times. It is one thing to hear or read about all the Winning days that X-Big Bank/Broker had in the past month.

We don't get to learn what the Big Boyz made in their Personal Accounts, be they off-shore, secreted, in whatever name. They have the benefit of making their "Bets" prior to pressing the Buttons for the Company or PPT's Big Bets

 

 

Wed, 11/30/2011 - 13:29 | Link to Comment steelhead23
steelhead23's picture

As a private institution, isn't the Fed subject to insider trading laws?  Isn't the provision of insider information to others so they could benefit a crime?  Are the FBI and SEC investigating the FOMC?  Who's got Ron Paul on their speed-dial? 

Wed, 11/30/2011 - 13:33 | Link to Comment slewie the pi-rat
slewie the pi-rat's picture

 <=== tyler is full 0'poo; so is zH!

 <=== i feel better, now; i thought i was losing it, there...waaay too many wtf's , even for month-end;  the bankster criminality theory explains 100%, once again!

Wed, 11/30/2011 - 13:36 | Link to Comment kralizec
kralizec's picture

Don't be surprised to hear in the near future the killing Warren & George made with wise moves in late November.

Wed, 11/30/2011 - 13:45 | Link to Comment MFL8240
MFL8240's picture

How else could their good friend Ben Bernanke gaurantee these crooks their year end bonus? 

Wed, 11/30/2011 - 13:51 | Link to Comment undercover brother
undercover brother's picture

nothing will happen and nothing will be investigated.  it will be as if you never even mentioned it.   the congressman & senators are immuned from insider trading and therefore participated happily in the "wealth effect" as their wealth undoubtedly increased during this.   As for banks and hedge funds, well, as long as you're told my a government "crony", and you've made your donation to the Obama '12 campaign, you're in the clear as well.   Bravo. 

Wed, 11/30/2011 - 13:52 | Link to Comment Bansters-in-my-...
Bansters-in-my- feces's picture

............Did the Bear shit in the woods..........?

If you can figure this out......

You got your answer....

Wed, 11/30/2011 - 14:05 | Link to Comment Zola
Zola's picture

In France there were the Kings who could inflict life and death at their whims to their subjects. Eventually then the people had enough rose up and cut off their heads. The same thing will happen to these modern day kings called central banks, they hold the life of investors in their hands and as you said redpill, they are actively working against rational investors. It is time to cut off the heads of the snakes

Wed, 11/30/2011 - 14:18 | Link to Comment godzila
godzila's picture

Just wondering - would it be illegal to leak such an inforamtion ? IMHO the answer is not obivous.

Wed, 11/30/2011 - 14:22 | Link to Comment AndrewCostello
AndrewCostello's picture

The elite have been cheating for decades.  They tip each other off all the time and coordinate their activities for their own gain.

It is time for the public to rise up.  JOIN:

http://www.facebook.com/pages/Gun-Owners-for-a-Gold-Standard/180803025347901

Wed, 11/30/2011 - 14:40 | Link to Comment Random_Robert
Random_Robert's picture

I read through every one of these comments looking for MillionDollarBonus and his/her "magical" spin on how necessary all this intervention has become.

I can't handle the truth... the anxiety is overwhelming me. Where's my spin godammit?

Wed, 11/30/2011 - 16:51 | Link to Comment Conax
Conax's picture

Anxiety- here's the fix. I got a hot tip today from a trusted broker-

"Liquidate everything, fly to Vegas, put it on RED."

Win or lose, the bullshit's over.

Wed, 11/30/2011 - 18:21 | Link to Comment Catflappo
Catflappo's picture

What is 'funny' is that they are prepared to wait 48 hours in order to announce something they have already decided.  Why :

a)  Because then they actually get two bangs for the same buck - i.e. the risk pop on the rumour/inside trade, and then the further pop on the announcement,    and also

b)  Because then it will be such a huge time gap that everyone will have totally forgotten about Monday's move and won't be able to put 2 and 2 together.   Why, it's simply scandalous for ZH to suggest such a leak could have occurred !

Wed, 11/30/2011 - 18:36 | Link to Comment Barry McBear
Barry McBear's picture

Tyler(s), did you guys see the volume that went off in BAC calls on Tuesday?  Jon Najarian was talking about how abnormal it was on his twitter feed yesterday, it was a mystery.  Almost twice as many calls traded as puts, 371k calls compared to 194k puts.  There was 192k in the Jan 6 calls alone, here's a pic (link courtesy of Najarian)...

 

http://yfrog.com/nttwvzp

 

Guess it's not so mysterious now.  

Wed, 11/30/2011 - 21:32 | Link to Comment Old Poor Richard
Old Poor Richard's picture

How long does this bounce in equities last?  Shouldn't be long before people say WTF has actually changed? 

Maybe they're then pile into gold and silver? 

Thu, 12/01/2011 - 07:36 | Link to Comment poydras
poydras's picture

I noticed that something was up in the forex markets when they opened on the US Sunday.

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