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Even JP Morgan Is Staying Out Of This "Frightening, 10 Sigma" Market

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Fri, 11/11/2011 - 15:55 | 1870705 centerline
centerline's picture

Is this a rhetorical question?  I am confused.

Fri, 11/11/2011 - 16:30 | 1870802 Ahmeexnal
Ahmeexnal's picture

German nuclear powerplant meltdown the real reason Merkel "suddenly went 180 degrees" and called for a nuclear free Germany?




The United Nations nuclear agency is reporting higher than normal radiation levels in the Czech Republic and elsewhere in Europe, but states the increase is not a public health risk. The International Atomic Energy Agency says that “very low levels” of iodine-131 have been measured in the atmosphere.

The IAEA does not know the source of the radiation, but says it is not related to Japan’s Fukushima Daiichi nuclear disaster, which spread radiation around the world in March.


Stick a fork on that eurozone, it's nooooked!

Sat, 11/12/2011 - 07:05 | 1871885 mick_richfield
mick_richfield's picture

Is this a rhetorical question?

Are rhetorical questions really so bad?

Fri, 11/11/2011 - 15:55 | 1870706 justanothernerd
justanothernerd's picture

It's an HFT vs HFT front running fight to the finish. May the best algos win!

Fri, 11/11/2011 - 21:27 | 1871389 dbells32
dbells32's picture

Spot on


Fri, 11/11/2011 - 23:46 | 1871584 Delmar
Delmar's picture


Didn't take too long for CFO to catch on to what ZH has been reporting the better of two years...

Fri, 11/11/2011 - 16:09 | 1870707 DormRoom
DormRoom's picture

you can not have price stability without investment flow stability. frequetn > 3 Sigma movements in the investment world encourages more savings, less consumption, and investments, as liquidity preferences converge to cash to stay agile.


So the Central Banks in their intervenionist, ad-hoc market moves, are causing investment flow instability, which will will lead to price instability in the medium term.  Which is against their mandate.


Trading short term stability, for medium-long run chaos is not an economical solution. .



Fri, 11/11/2011 - 15:57 | 1870712 YesWeKahn
YesWeKahn's picture

"who is actually trading?"


US robotics of federal reserve.

Fri, 11/11/2011 - 16:18 | 1870765 The Limerick King
The Limerick King's picture



With Klepto survival the stakes

And global finance with the shakes

What length will they go

To maintain status-quo?

Quite frankly - Whatever It Takes!!!!!

Sat, 11/12/2011 - 00:01 | 1871604 geekgrrl
geekgrrl's picture

Kudos! That is an amazingly succinct description of what's really going on.

Sat, 11/12/2011 - 02:58 | 1871774 rocker
rocker's picture

I disagree. I have put on small positions twice and the HFT's went to work with no hesitation. Like a blood hound

chasing a rabbit. They attacked what was a base in a stock and dropped it.

If it was the FED they would not attack. They would want traders to buy something.

Especially retail. The thirst is for anybody's money. Whoever the sucker would be.

Look at the blow ups. This is not the FED. It is the thieves who control the market.

Like the Banksters, HFTs or Institutions of TPTB who manipulate all.

The good thing is. Their responce verifies that there is much more supply of equities than buyers.

Look out below. The trigger is pulled. Now we just need them to shoot it down. Only they know when!!!

Fri, 11/11/2011 - 18:28 | 1871115 common_sense
common_sense's picture







Fri, 11/11/2011 - 23:02 | 1871523 StychoKiller
StychoKiller's picture

That would be "not me" and "Ida Know!"  :>D

Fri, 11/11/2011 - 15:58 | 1870716 rambler6421
rambler6421's picture

Plunge Protection Team.

Fri, 11/11/2011 - 16:36 | 1870820 ArkansasAngie
ArkansasAngie's picture

It has to be.

The problem is that pension funds and such are still in this market.

My problem all along with Armageddon bets has been when it happens just who is going to have money to pay off their debt to you.

Out this market and glad.

Fri, 11/11/2011 - 16:01 | 1870724 count_de_monee
count_de_monee's picture

This seems like a pretty good place to start shorting. I like the risk/reward at these levels and I agree with my friend Peter's post that we've seen the market top. I don't think we can break through the 200 DMA again although we're pretty close.


Fri, 11/11/2011 - 17:33 | 1870985 The Count
The Count's picture

do you really think you can make money shorting 'anything' right now? do you also think you can stop a freight train just because it is on the wrong track?



Fri, 11/11/2011 - 21:09 | 1871367 Chip
Chip's picture

Agree--it's the directionless nature of the current market that makes it impossible to trade in either direction, not to mention the plethora of ETFs (seems like a couple hundred new ones roll out each week) which have made single stock selection a worthless skill except for insiders. 

Sat, 11/12/2011 - 03:03 | 1871779 rocker
rocker's picture

@ count_de_monee   Seems like is not a good idea. Wait for conformation.  The trigger. 

Sat, 11/12/2011 - 17:08 | 1872457 TrafficNotHere
TrafficNotHere's picture

Been thinking of entering FAZ if it goes down just a bit more. This isnt a buy and hold, more of a short term (less then two weeks) trade.

Fri, 11/11/2011 - 16:03 | 1870728 CvlDobd
CvlDobd's picture

My mom

Fri, 11/11/2011 - 16:06 | 1870731 101 years and c...
101 years and counting's picture

getco is now the buyer and seller of every trade in the ultimate liquidity provider scam. 

Fri, 11/11/2011 - 16:13 | 1870766 centerline
centerline's picture

"ultimate volume provider"


Fixed it.  LOL.

Fri, 11/11/2011 - 16:08 | 1870742 slaughterer
slaughterer's picture

I thought JPM traders had balls.  Guess I stand corrected.  

Fri, 11/11/2011 - 16:09 | 1870744 midgetrannyporn
midgetrannyporn's picture

Italy bonds aren't even that cheap. I'd buy Greece before Italy at today's prices.

Fri, 11/11/2011 - 16:09 | 1870746 Belarus
Belarus's picture

Ah....the traders are getting mauled: true. But the buy and holders in the vanguard balanced index are having a perfectly good year. So, no one is trading the market, and if they are they are losing money, but the investors have done fine so far this year.....

And the market is discounting the mother of all inflation that will be forthcoming. Once again, like him or hate hime for the pimp that he is, Buffett is kicking ASS as he buys every major market blow out and is killing it this year. 

Fri, 11/11/2011 - 16:14 | 1870768 jdelano
jdelano's picture

Have you gone full retard rus?  Buffet is kicking ass?     

Fri, 11/11/2011 - 16:19 | 1870780 Belarus
Belarus's picture

Ummmn....yes full retard. yes. But to answer your question I'm just calling it the way I see it (I'm not advocationg the old bastard for god sakes). Buffett was buying

Mastercard at 280. Dollar General at 30. 7 billion in other equities at the end of Sept., etc. 

So, yes, he is kicking ass. If my observaton makes me "full retard" then, okay. I'd agree. Yes, I've gone full retard. 

Fri, 11/11/2011 - 16:35 | 1870816 fizz
fizz's picture

Warren "king of crony capitalism" Buffett? Give me a fucking break. If you and I had a direct connect to .gov and the bernank, we too would be killing it. It's alot easier when you know what TPTB are going to do before it happens. That guy is just an extension of .gov plain & simple.

Fri, 11/11/2011 - 17:46 | 1871018 espirit
espirit's picture

Don't forget BAC.  I'm sure Buffoon would probably be paid first, but...

what a dog!

Fri, 11/11/2011 - 19:12 | 1871207 mhoughgr
mhoughgr's picture

never go full retard ...

Fri, 11/11/2011 - 17:10 | 1870919 Mary Wilbur
Mary Wilbur's picture

@jdelano  Buffet is an ass.

Fri, 11/11/2011 - 16:16 | 1870772 homersimpson
homersimpson's picture


"But the buy and holders in the vanguard balanced index are having a perfectly good year." - um.. VBINX is only up 2.76% as of yesterday. Not exactly a perfectly good year.

Meanwhile, "Buffett is kicking ASS as he buys every major market blow out and is killing it this year." Huh? Um.. you might want to check the chart for BRK-A for this year. Meanwhile, how's his BAC investment doing? If I'm not mistaken, he's still underwater.

In other words, you have too much man-crush on Buffett.. and are over-exaggerating returns on VBINX.

Fri, 11/11/2011 - 16:24 | 1870792 Belarus
Belarus's picture

3% is a great return compared to the vast majority of the 2 and 20 crowd this year. That's my only point. I'm long term silver bull though.....

And that's what my money is on  for the long term. it's funny how the ZH crowd hates general observations. I'm a ZH'er folks. Love it here. 

But I do like to test the testy waters here. It's fight club afaterall. And I'm a fighter. 

Fri, 11/11/2011 - 16:32 | 1870799 SheepDog-One
SheepDog-One's picture

Pretty pathetic to me, considering my CD account a few years ago used to pay 3.5.

I guess if I price other 'investments' Im up way over market average, my AR15's most of those I bought for about $800 years ago, they easily cost double that now.

And damn ammo OMFG 500 round cases I was buying 5 years ago for $120 now go for $350. So theres that.

Fri, 11/11/2011 - 16:37 | 1870819 CvlDobd
CvlDobd's picture

What do the CDs pay today?

More people need to call you out as much as you shit talk others. Where is that dirty bomb attack on NYC you were calling for?

Belarus is on the money. Hedges and traders have gotten kicked in the teeth this year. Yes, yes there are some exceptions but the balanced fund he mentions has done ok especially for the price.

Another balanced fund is ABRYX. Most people here probably couldn't beat that return this year. If they are honest anyway

Fri, 11/11/2011 - 16:49 | 1870855 SheepDog-One
SheepDog-One's picture

LMAO if youre saying 3% gain 'investing' is pretty good compared to a certified deposit interest, then I totaly make my case, again. Move along clown. 

BTW, 'I called for a 'dirty bomb attack on NYC' WTF?

Fri, 11/11/2011 - 16:57 | 1870885 CvlDobd
CvlDobd's picture

If it wasn't you then I apologize but I'm pretty sure you were the one lambasting the bulls for going long when Glenn Beck was calling for a dirty bomb attack on the OWS peeps.

When CDs are near zero I do consider 3% good.

Again. If I confused you with someone else I apologize.

Fri, 11/11/2011 - 17:01 | 1870893 SheepDog-One
SheepDog-One's picture

Now I did say yesterday I did say 'Wouldnt it be great to show up to some Best Buy on Black Friday and machine gun a few hundred of em'! Interesting news coverage anyway and might put a damper on the consumerfest reporting for a year.

Fri, 11/11/2011 - 17:02 | 1870895 SheepDog-One
SheepDog-One's picture

Well yea, if CD's are near 0%, then 3% is 'kinda good'....point is a few years ago that 3% CD return was considered booooooooring.

Fri, 11/11/2011 - 17:09 | 1870917 Belarus
Belarus's picture

Dude, I can buy AR15's for under 1,000 today. 

Fri, 11/11/2011 - 18:51 | 1871172 Hannibal
Hannibal's picture

Or a Vz.58 for $700 

Fri, 11/11/2011 - 16:48 | 1870842 DormRoom
DormRoom's picture

If your'e still in the market, you're a long tail event away from destitution.  And if you think a long tail risk is unlikely in a market where > sigma 3 moves, and central bank intervention, are frequent, you deserve what's coming to you. 


pennies in front of steamroller



Fri, 11/11/2011 - 16:10 | 1870749 kito
kito's picture

isnt this where the contrarian view comes into play? everybody staying out, we should be jumping in? 

Fri, 11/11/2011 - 16:10 | 1870751 homersimpson
homersimpson's picture

Ooh ooh ooh I am! I love FAZ! I love the fact that FAZ capitalizes off of crappy economic policies and gutless politicians.

Fri, 11/11/2011 - 16:27 | 1870798 kito
kito's picture

im getting DOGged by this rising market, but i bought more today. when is this gonna get real???????????????

Fri, 11/11/2011 - 16:11 | 1870752 SheepDog-One
SheepDog-One's picture

Who is actually trading? Robotarder with his Fantasy Stock League lineup du jour.

Fri, 11/11/2011 - 16:11 | 1870756 The trend is yo...
The trend is your friend's picture

the last 30 minutes will be a good clue when they have to turn the machines off for the weekend.  If JPM is confused on what to do I'm sure not many trading firms will keep open positions over the weekend

Fri, 11/11/2011 - 16:11 | 1870758 marcusfenix
marcusfenix's picture

skynet is making trades with the matrix...

Fri, 11/11/2011 - 16:13 | 1870764 trampstamp
trampstamp's picture

I'm moving the market. There i said it!

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