Guess Who Was Buying At The Bottom

Tyler Durden's picture

Remember when the retail investor was the butt of all jokes, abused by the "smart money" hedge funds and prop desks to soak up hot potatoes and even hotter grenades? Well, to quote Matthew, those who are last now will be first then, and those who are first will be last: because the dumb money just got very smart. As the latest update from ICI shows, in the last week of May, when all the "smart" money was selling hand over fist, it was the retail investor who bottom-timed the market perfectly.

Perhaps we really are in a New Normal when the one correct indicator of market inflection points are Ma and Pa Sixpack (especially compared to hedge funds who got destroyed in the month of May)...

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fonzannoon's picture

Too bad they were all buying facefart.

Harlequin001's picture

er, somehow I don't think this is the bottom...

jeff montanye's picture

the thought crossed my mind as well.

NewWorldOrange's picture

It crossed the mind of anyone who's paying attention and not just paying tribute to Tyler's bone. The article smacks of desperation. Seeing a lot of those lately. WTF?

nugjuice's picture

They can keep this charade going for a long time, and long term shorts can easily get annihilated. At least while this markets' heart is still pumping it's nice to laugh at the so called 'smart money.'

icanhasbailout's picture

There's no better customer than a man who can pick up FB at 27 and think he's gotten a steal.

Vampyroteuthis infernalis's picture

I can proudly called dumb I guess. I would rather be an ugly, poor homeless man than ever be one of those motherf*^king banksters.

philipat's picture

Still very small. The markets have essentially become a circle jerk between the TBTF's who will, presumably, take it in turns to declare profits?

ihedgemyhedges's picture

I'll take a "crack" at your question TD: Eliot Spitzer.

Oh wait, I thought you asked Guess Who Was Buying Bottom.............

worbsid's picture

The only thing wrong with him was paying re-tail.  You would think the Secret Service could get serviced secretly but alas ... TWIAFU 


ACP's picture

No need to worry, the SEC will be right there to make sure this travesty of justice won't happen again.

FL_Conservative's picture

Since when is 1275 on the S&P "bottom"?

Vampyroteuthis infernalis's picture

1275 is a temporary bottom. Banksters need to make money off of the short squeeze over the next couple of weeks before Europe goes into complete meltdown.

Goldilocks's picture

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Reggie Middleton breaks down "Muppetology," Face Ripping IPO's, and the Chinese Wall! (28:04)

Conman's picture

Doesn't it jsut mean that smart money will try to take the money from retail like always?

Cdad's picture

Hoping Average Joe sold Wall Street once again goes full on retard buying in a straight line up.

Western's picture

Retail timed it perfectly for a disappointing no-QE announcement in less than a month.

knowshitsurelock's picture

There is still smart money on Wall Street?

Cdad's picture

Favorite weekly know...after "channel stuffing" at GM.

Average Joe continues to kick ass!  The criminal syndicate known as Wall Street...continues to suck ass.  My, how the once mighty have fallen.

dwdollar's picture

They won't fall very far with bailouts.

LetThemEatRand's picture

I suspect bailout rumors are all a head fake.  This article suggests why they did it.  A whole bunch of institutional money off-loaded today.

CrazyCooter's picture

Tonight I am perfecting my "TEOTWAWKI Beans & Cornbread" ... I stopped paying attention so much to markets. Instead, I buy bulk rice/beans/etc and learn how to cook my comfort foods without fresh ingredients (e.g. cornbread with powdered buttermilk/eggs).

Go Egan, I wish them the best of luck. But it doesn't change the fact that food security is about to become the hottest ticket in the US.

Now, show me how to invest in *that* on an exchange. Oh, right ... carry on.



Tijuana Donkey Show's picture

Look at Wild Man Steve Brill and learn to forage. You can live off the land in your front yard, and get the nutrition you need, as most americans will starve before they eat a single green, vegatarian based meal. Too much of the beans and cornbread, and you might get scurvy.......... 

CrazyCooter's picture

I am one of the craziest red necks you might meet in yer life. I was vegitarian for over a decade. I never gave a shit what folks thought about my love of tomatoe, okra, and collards. I think one of the hardest things about moving to AK is giving up my trips to the farmers market; peas, beans, greens, tomatoes, okra. Veggies suck up here. But, you know what, I gave up no-meat and moved to AK to shoot/catch my food and live out of swim distance from zombies.

I will take scurvy ...

... over not enough calories any day of the week.

Let us all accept, those conditions (i.e. not enough) last a few months and always managed to rectify themselves in history. If the leaders of this country truly let the masses go hungry, all hell is going to break lose in metro areas. Ain't ... gonna ... happen.

I was never veggie for any reason other than what god blessed me for my pallate. I love my veggies. I was also blessed, by god, with a big ass noggin'. I figured out the math about two years or so ago. I am off the bandwagon and really looking forward to bagging some meat ... as soon as I can afford a damn freezer (the ex wife fucked me over good).

Everyone should have a game plan. We can score each other after the house burns down. I hope I place better than most.



FieldingMellish's picture

You are assuming this is the bottom.

YC2's picture

Yeah, I am not encouraged either way on these reports.  I get the trend is bad in a secular way for equity ownership, but not sure I would use it for timing my buys to get in with the masses, assuming some king of paradigm shift.  This could be where the old game starts again, albeit on lower volume.  

nmewn's picture

But can they get out within the next 30 SP points?

Let them eat iPads's picture

Who the fuck is calling a bottom?


I have some shit to sell them.

CrazyCooter's picture

Dude, let me give you the straight dope.

I live in a small town in AK. 30k people. There ain't a road into or out of this place. Bring on the zombies, they need to swim past the feeder fish to get here! You come in on Alaska Airlines, the Alaska Marine Highway System (ferry), or you hire someone to fly your ass in. That is it. I see "boat planes" all the time in the sky, it is just how it is here.

Recently, there is now an abandoned truck just north of downtown (hint: going from down town to no town is a few bits past a few miles) with a big ass sign on it;

Let me tell you how it is here; there is not ONE local coin dealer. I looked as soon as I got here. I am stuck buying online. Further, there are two active gold mines that employ a fat piece of the town population; Greens Creek and Kensington.

HINT: anyone following pebble creek can get a hell of a lot of information off the DNR site, of which I just linked to twice. Including that REE mine crap they are pitching; if it aint on the DNR, they ain't filing documents with the state (a.k.a. scam).

Anyway, this is just astounding. Who the fuck, in Juneau, AK, is going to sell a bunch of gold? Seriously? Do you think the miners are going to sell you gold? For fucks sake, there is no GOD DAMN MARKET here. If there was, I would be schmoozing my local bullion dealer.

This candle is lit. That website is a "bulk production" where domains are bought probably on the sole fact of population. Think like a business man. You need to buy gold (a.k.a you are Saudi Arabia looking to cash out). You need peons to sell you gold. How do you do it? Give me a list of all X cities in the US whose population is greater than Y, and hire a bunch of abandoned trucks to park at major interesections with the domain name on it (like its a local business). There isn't time or resources to qualify the value of the investment. Just do it and things average out (a.k.a the business plan).

Thus, my conclusion, that with gold so fucking low, the candle is lit. Buy up, park the metal safely, and watch the returns roll in ... oh, did I say, returns? I meant to say watch the real value of your dollars stay flat, while the nominal score pops a stiffy.

I will be quite happy when I get my first big mammal kill in this season to get my freezer stocked up ... but, like all the other worker bees, I am on the fiat treadmill ...

At least the zombies have to swim here. And the water is fucking cold as hell.



Tijuana Donkey Show's picture

That might be tough forage. For the big pop, I think that a stockpile of good old fashioned analog pornography is critical. Make sure you have some porn, or life might get real tough.

CrazyCooter's picture

Aw shit, I just got roped by a mule. I gotta live this down now.




RobotTrader's picture

Wow.  The Fed-worshipping retail investor finally had enough of zero interest rates and decided to start piling into stocks.

Ben Bernanke scores again.

Come hell or high water, Bernanke was going to drive interest rates into negative territory if that is what was necessary to coax Joe Sixpack into buying some CVX or INTC which are paying better than 3.5%.

Let them eat iPads's picture

Yeah, zero interest rates successfully coaxed investors back into stocks in Japan for the last 20 years, didn't they?



nmewn's picture

A Yen-Yuan Ball!!!l...swing yo pardner round & round!!!

Pretty sure that was misogynistic or sexist or sumpin...someone will be around to sort me out in short

veyron's picture

If you take out the stupid Facebook flows, would it still be an inflow?

Nolsgrad's picture tracks mutual fund flows, FB is not a mutual fund. 

Try again?

RobotTrader's picture

Hilarious how the "stupid" retail investor was selling silver in droves during the April-May blowoff in SLV:

And now they are dipping their toes in the water and buying stocks.

Very smart.

disabledvet's picture

lotta sharks in that pool. you better know what you're doing if you're going to do it to begin with. the good news is that most not only are not in the market but most do not "do the market." I did note John Paulson just spent a fortune on a house. My guess would be his short euro position is paying off big. "No good deed goes unpunished" and once Germany does CORRECTLY bail out Europe it will be costly. "They are going to be forced to live together now."

GernB's picture

How cute. You think Its possible to bail Europe out. Aren't you just preceous.

JuicedGamma's picture

Couldn't have happened to a nicer bunch of aholes.

CreativeDestructor's picture

on a long enough timeline survival rate for everyone drops to zero! no?!

wait till that retail gets raped, no, proper fucked... it's all statistical illusion in a small timeframe.

Nid's picture

Bottom huh? Some signs say we've only scratched the surface. Likely that retail gets fucked again when they sell Friday's buys at 970.

GernB's picture

You seem to be assuming you know where the bottom is, and tht was just it.

bugs_'s picture

Today there was a car chase on Fox.  This is an infallible daytraders rally signal.  The intermediate bottom IS in.

midgetrannyporn's picture

Either way it goes at least they bought the dips instead of the tips like they used to.