This page has been archived and commenting is disabled.

It Is Getting Difficult To Tell What Is Moving The Market...

Tyler Durden's picture




 

From Peter Tchir of TF Market Advisors

It Is Getting Difficult To Tell What Is Moving The Market...

...but if Fitch changing the outlook from positive to stable on Bulgaria, Czech, Lativa, and Lithuania can push us down 0.5% then if you are long, you need to be putting on some sort of a hedge.  I'm not a big fan of puts, and maybe this isn't the news that caused the market to go down, but if it is, then that is scary.

It is Fitch, not Moody's or S&P.
It is outlook, not an actual rating.
It was from positive to stable.
It is on countries that are relatively off the radar screen.

Until S&P does something to follow up on its changes last week, you need to be very careful.  With moves like this, there is no way that a French and EFSF downgrade is priced in.

The other headline I caught was Merkel and ESM not being increased.  Okay, but I didn't really know it was being increased?  That wasn't in the statement from last week.

Again, maybe we get QE3, maybe we get money from the IMF, but the reality is we are more likely to get Sovereign Debt downgrades, and with how thin this market is, the move could be fast and brutal. 

 

- advertisements -

Comment viewing options

Select your preferred way to display the comments and click "Save settings" to activate your changes.
Tue, 12/13/2011 - 12:11 | 1974223 LawsofPhysics
LawsofPhysics's picture

Want to know what moves the markets?  Simple, follow the money and simply find out who is buying and selling.  But I digress, this is a stupid fucking question.

Prosecute the fucking fraud already.  Until then, I suggest everyone protect their wealth by any means necessary.  Time to get physical on many levels.

Tue, 12/13/2011 - 12:12 | 1974236 nope-1004
nope-1004's picture

US gov't bankstas move the market.  No one else.

It's all a lie.  Peter's question is pointless.

 

Tue, 12/13/2011 - 12:18 | 1974275 Tsar Pointless
Tsar Pointless's picture

You rang?

Yes - it's all pointless!

Hence, my name.

Tue, 12/13/2011 - 12:22 | 1974303 He_Who Carried ...
He_Who Carried The Sun's picture
It Is Getting Difficult To Tell What Is Moving The Market...

Oh really? Just don't mention the War or the Germans, please.
Tue, 12/13/2011 - 12:36 | 1974386 greased up deaf guy
greased up deaf guy's picture

yeah, he pretty much could've stopped typing after that first sentence.

Tue, 12/13/2011 - 12:45 | 1974430 BW
BW's picture

It's a run on the brokerage and commodity houses.

Tue, 12/13/2011 - 12:54 | 1974438 Spirit Of Truth
Spirit Of Truth's picture

The total lunar eclipse over the weekend:

http://thespiritoftruth.blogspot.com/2011/12/bob-prechter-on-breakout.html

Of course.

Market analyst Steve Puetz discovered:

"....a full moon in general and a lunar (eclipse) full moon close to solar eclipses, in particular, seem to be the triggering device that allows for the rapid transformation of investor psychology from manic greed to paranoia."

 

Tue, 12/13/2011 - 12:59 | 1974488 whatsinaname
whatsinaname's picture

now that avatar is not pointless.. I'd say its rather pointy.

Tue, 12/13/2011 - 13:17 | 1974574 SWRichmond
SWRichmond's picture
It Is Getting Difficult To Tell What Is Moving The Market...

There are no markets, there are only interventions.

Tue, 12/13/2011 - 12:22 | 1974306 strannick
strannick's picture

Hey Pete;

Read the prior ZH posts, ie. Iran, then Germany, then you wont have to speculate on Latvia's butterfly effect

Tue, 12/13/2011 - 12:45 | 1974416 Doña K
Doña K's picture

Lithuania, Latvia, Estonia and Poland were about to sign a 5Billion nuclear power plant to be built in Lithuania. Poland just bailed out. It looks like the deal may be off (if a downgrade comes) which plays into the hands of the Russians to supply natural gas and dictate terms.

Tue, 12/13/2011 - 12:18 | 1974279 SheepDog-One
SheepDog-One's picture

Whats the big 'mystery' about what moves the markets? Programmed robots do, fed by commands from Bernank.

Tue, 12/13/2011 - 12:24 | 1974317 Captain Benny
Captain Benny's picture

Plunge protection team... rumor is that CNBC isn't even allowed to report on it.

Tue, 12/13/2011 - 12:35 | 1974383 dracos_ghost
dracos_ghost's picture

I heard it's a big fat guy in a red suit with 12 reindeer. Except I believe he's front-running yule logs.

This market is a joke.

Tue, 12/13/2011 - 12:19 | 1974284 LawsofPhysics
LawsofPhysics's picture

I agree, expect to be junked for speaking the truth.

Tue, 12/13/2011 - 12:26 | 1974330 strannick
strannick's picture

or for other reasons

Tue, 12/13/2011 - 12:28 | 1974340 MFL8240
MFL8240's picture

I am 100% physical and watch my value drop everyday as the Banking gangsters and Bernanke along with the criminal enterprise at the CME do all they can to crush the only real store of value for over 5000 years.  They have convinced the US sheep that USD (confetti) and Us Treasuries issued  by an insolvent goverment have changed the past 5000 years of history and now fiat paper is the answer.  

Tue, 12/13/2011 - 12:40 | 1974402 SilverRhino
SilverRhino's picture

PMs ... the original buy and hold product.  I see it to, but I am not worried as I have zero plans to try and liquidate until the other side of the inevitable monetary reset.

 

Tue, 12/13/2011 - 12:52 | 1974449 Potemkin Villag...
Potemkin Village Idiot's picture

I am 100% physical and watch my value drop everyday as the Banking gangsters and Bernanke along with the criminal enterprise at the CME do all they can to crush the only real store of value for over 5000 years.

I am 100% physical and watch as the Banking gangsters and Bernanke along with the criminal enterprise at the CME do all they can to make it even cheaper by the day to increase my stash while I'm waiting for that day that their paper ponzi comes to an end...

There... Fixed it for you...

Tue, 12/13/2011 - 14:05 | 1974790 Stares straight...
Stares straight ahead's picture

Agreed... it should be considered a buying opportunity.  These $200 fluctuations at this level will seem like chump change in the years ahead. 

Tue, 12/13/2011 - 12:56 | 1974457 Doña K
Doña K's picture

As long as you have income stream for your essentials, not to worry. Your wealth is secure.

Trust the laws of physics: The law of connected vessels where water eventually reaches its true level, thermodynamics (entropy), gravity where anything being artificially levitated will crash to earth and mathematics where numbers don't lie.

There are many others, if anyone cares to remind us.

Tue, 12/13/2011 - 12:53 | 1974454 tmosley
tmosley's picture

What is moving the market?

A random number generator.  It is prompted to kick out a number upon each headline input.  It doesn't matter what the headline is.

Tue, 12/13/2011 - 12:11 | 1974224 Irish66
Irish66's picture

Its the euro, no floor left

Tue, 12/13/2011 - 12:14 | 1974226 Azannoth
Azannoth's picture

Investing is like driving a car with Agent K

http://www.youtube.com/watch?v=5unKNLcj8P8

.. and you may want to put on a seat belt ..

Tue, 12/13/2011 - 12:17 | 1974271 BlueStreet
BlueStreet's picture

Investing?  What's that?

Tue, 12/13/2011 - 12:19 | 1974285 SheepDog-One
SheepDog-One's picture

'Investing' is now buying guns, ammo, food, water....etc.

Tue, 12/13/2011 - 12:21 | 1974297 Manthong
Manthong's picture

The market isn’t doing anything that a claustrophobic bipolar epileptic with PTSD who’s strung out on meth and locked in a dark closet with a strobe light and a lit string of firecrackers wouldn’t do.

Tue, 12/13/2011 - 12:33 | 1974370 BlueStreet
BlueStreet's picture

"'Investing' is now buying guns, ammo, food, water....etc."

 

+1.  It used to be that only the wack jobs thought this way. Turns out they weren't that wacky after all.  It's coming boys, get ready.  

Tue, 12/13/2011 - 12:54 | 1974460 Potemkin Villag...
Potemkin Village Idiot's picture

It USED to 'used to' be that the only real 'INVESTING' around were to own all of those things...

Glad to see some seem to be coming back to their senses...

Tue, 12/13/2011 - 12:11 | 1974229 ponzi-r-us
ponzi-r-us's picture

The move probably has something to do with this headline: http://www.bloomberg.com/news/2011-12-13/fed-seen-revising-zero-rate-ple...

Tue, 12/13/2011 - 12:21 | 1974300 midgetrannyporn
midgetrannyporn's picture

the fed's word is shit.

Tue, 12/13/2011 - 12:11 | 1974230 Comay Mierda
Comay Mierda's picture

mean reversion algo circle jerk. ending in the red today

Tue, 12/13/2011 - 12:12 | 1974235 Fanatic
Fanatic's picture

Zerohedge is moving the market. At least today with the Hormuz-rumours.

Tue, 12/13/2011 - 12:22 | 1974307 Global Hunter
Global Hunter's picture

something big is going down and until somebody in the mainstream media accidentally admits it,us thinking people are left to try and try and put the pieces together about what is really happening.  Yes I told 3 people that Iran had closed the straits today so I feel a bit daft.

Tue, 12/13/2011 - 12:23 | 1974310 SIOP
SIOP's picture

Fanatic said: "Zerohedge is moving the market. At least today with the Hormuz-rumours."

I'm afraid my confidence of zerohedge just got bumped down a notch or two on that sensationalistic get-it-out-cuase-it-will-boost-ratings(page hits) type headline. But hey, it was ransquawks that started it right?

(sorry, I needed to vent)

Tue, 12/13/2011 - 12:41 | 1974412 Tyler Durden
Tyler Durden's picture

You are correct. It was also Iran, Bloomberg and the 5th US Fleet that refuted it:U.S. FIFTH FLEET SAYS NO INDICATION OF DISRUPTIONS IN HORMUZ -BBG

As much as we want to believe we move the market by that extent, we don't.

But feel free to vent.

Tue, 12/13/2011 - 12:50 | 1974440 B-rock
B-rock's picture

All RanSquawk did was report that it was moving the market...

Tue, 12/13/2011 - 12:12 | 1974238 transaccountin
transaccountin's picture

QE3, lolz. The bastard Bernank keeps spouting bs about employment; well guess what its at 8.6 so he STFU and eat my ass. How do they justify another QE with employment going down.

Tue, 12/13/2011 - 12:17 | 1974266 SheepDog-One
SheepDog-One's picture

Yes all is WELL in the land! Unemployment down, constant news that there will be NO recession...they did all the math and sealed and stamped it as fact! Yet....'QE3' on the tip of everyones tongue, just itching to be sprung loose at the slightest little sign of red anywhere in the markets.

Just preposterous.

Tue, 12/13/2011 - 12:50 | 1974441 Falcon15
Falcon15's picture

Real unemployment/underemployment numbers are closer to the 20's. 21-25% dependent on the sources and what you factor in. The uneployment figures the Fed is feeding everyone are utter bullshit, and we know it. Unemployment numbers based on filings for unemployment compensation or persons receiving unemployment compensation are utter nonesense. You factor in those who no longer qualify (their benefits ran out, so they are no longer able to collect) those who have goven up trying to collect (they have been denied 3 times, so no further filings), or those that found some kind of revenue stream (most likely well below what they were earning at their last position) and you get real numbers.

Tue, 12/13/2011 - 12:14 | 1974243 GeneMarchbanks
GeneMarchbanks's picture

Is anyone still confused about what's happening in China? 'Cause it be crashing.

Just a thought.

Tue, 12/13/2011 - 12:14 | 1974247 zorba THE GREEK
zorba THE GREEK's picture

The dollar just broke above 80, when confidence goes, the markets are toast.

Tue, 12/13/2011 - 12:14 | 1974250 SheepDog-One
SheepDog-One's picture

Live by the tiny rumor, then DIE by the tiny rumor!

Tue, 12/13/2011 - 12:16 | 1974261 ponzi-r-us
ponzi-r-us's picture

With Retail / Consumer Discretionary stocks finally leading the way down. We may finally see some real momentum today.

Tue, 12/13/2011 - 12:16 | 1974264 jomama
jomama's picture

it's all a massively manipulated, rigged game.  get the fuck out of it.

there will be no 'real' price discovery until it all comes to a halt.

Tue, 12/13/2011 - 12:19 | 1974268 ebworthen
ebworthen's picture

The machines are moving the market.

You can't make butter without the churn.

The volatility is created to benefit the machines, not on fundamentals.

Reality is noise, volatility is reality, HFT making money on volatility they create rotating and churning in and out of sectors and classes faster than anyone else.

Just look at the way the markets pop and drop, gold and silver and oil oscillate, bonds, equities.

Everyone and everything else is chasing their tail.

Tue, 12/13/2011 - 12:17 | 1974273 vegas
vegas's picture

Uhhhhhhhh, buying and selling looking for yield into year-end.

 

http://vegasxau.blogspot.com

Tue, 12/13/2011 - 12:18 | 1974274 eddiebe
eddiebe's picture

Algos

Tue, 12/13/2011 - 12:19 | 1974282 warezdog
warezdog's picture

This market roller coaster ride isn't fun anymore.

Tue, 12/13/2011 - 12:21 | 1974294 SheepDog-One
SheepDog-One's picture

Yea it ends same as Mr BoneStripper.

Nothing But Trouble: "Mr. Bonestripper" - YouTube

Tue, 12/13/2011 - 12:20 | 1974288 riphowardkatz
riphowardkatz's picture

ttp://www.bloomberg.com/news/2011-12-13/fed-seen-revising-zero-rate-pledge-as-...

Fed May Revise Zero-Rate Vow as Bond-Buying Need Fades

Tue, 12/13/2011 - 12:22 | 1974304 Racer
Racer's picture

It isn't a 'market' simple as that

Tue, 12/13/2011 - 12:24 | 1974318 unionbroker
unionbroker's picture

im sorry ir was i , a client had 500 shares of IBM to sell

Tue, 12/13/2011 - 12:27 | 1974337 dcb
dcb's picture

it's computer algo trading.

Tue, 12/13/2011 - 12:34 | 1974359 EZYJET PILOT
EZYJET PILOT's picture

This is getting annoying now. QE never stopped! It's everywhere you look, they just aren't telling you, the game has gone underground to avoid a dollar crash. They realised we were getting savvy on these blogs so they proceeded to do it by stealth, IMHO. Look around you ZIRP until 2013, us dollar swap deals reduced by 50 bp, allowing euro banks to pledge shit in return for credit for 3 years, that is QE3 in anything but a name. It all used to be so easy QE1, QE2 was simple enough for even me to understand, now it's got so convoluted, the game has increased in complexity and the bastards have us running around, all the while it's business as usual for these psychos!

Tue, 12/13/2011 - 12:38 | 1974401 nope-1004
nope-1004's picture

+1

Tue, 12/13/2011 - 12:45 | 1974429 SheepDog-One
SheepDog-One's picture

Just a rumor now to get a Pavlovian response to dump stocks higher.

Tue, 12/13/2011 - 15:14 | 1975136 Things that go bump
Things that go bump's picture

Why do you play their game?

Tue, 12/13/2011 - 12:31 | 1974364 swani
swani's picture

The Matrix. 

Tue, 12/13/2011 - 12:36 | 1974390 zorba THE GREEK
zorba THE GREEK's picture

Around 10:30 AM, gold started going straight up and then turned down sharply, just as it did on thursday.

Thursday, the FED,BOE, and the BIS sold gold outright to move the gold market down. I highly suspect

the same intervention is taking place now. A sharp rise in the gold price is a clear sign of a loss of confidence

in the markets, and since confidence is +90% of the market, central banks feel compelled to keep the illusion

of confidence at any cost. Because central banks are openly intervening in the gold market now instead of masking

their moves through second parties, they appear more desperate. This would leave me to conclude that we are

getting closer to a financial crises than most pundits are indicating.

Tue, 12/13/2011 - 12:36 | 1974392 Liquid Courage
Liquid Courage's picture
intestinal motility
is essential to onward movement of the digesta and excreta. Absence leads to lack of absorption, accumulation of fluid and gas, and development of paralytic ileus. Now, if you'll excuse me ... got to go "drop a deuce".
Tue, 12/13/2011 - 12:47 | 1974434 K_I_T_T_Y
K_I_T_T_Y's picture

just asked Siri, what moves the market?

Answer: I can't look for places in your country...

Happy she did not answer 42

Tue, 12/13/2011 - 12:52 | 1974451 SilverFish
SilverFish's picture

You fools,

Dont you know the markets move in conjunction with the color of Donald Trump's urine sample?

I've made BILLIONS with this knowledge just in the last 2 months.

Tue, 12/13/2011 - 12:57 | 1974474 mikejody
mikejody's picture

It's extremely easy to tell what is moving the markets; I keep saying it: headlines! Indicators are useless, technical analysis is useless, fundamental analysis is useless--we are in an entirely headline driven market. What this shows is short-sigtedness on the part of investors.

Tue, 12/13/2011 - 13:03 | 1974516 DavidC
DavidC's picture

"...and with how thin this market is, the move could be fast and brutal".

Yes, and one of the reasons it is thin, I would posit, is because of the withdrawal of investor funds and people being sick of the intervention and manipulation (gold and silver anyone?).

DavidC

Tue, 12/13/2011 - 13:09 | 1974539 YesWeKahn
YesWeKahn's picture

What moves the market? simple question!

Bernanke.

Tue, 12/13/2011 - 13:12 | 1974551 SilverFish
SilverFish's picture

Did you mean simple answer?

Tue, 12/13/2011 - 13:48 | 1974706 Shizzmoney
Shizzmoney's picture

I'm gonna lulz when the Franco-German driven austerity measures start to hit in Italy, especially after they see these numbers:

http://www.creditwritedowns.com/2011/12/italy-more-work-hours-than-germany-france.html

Yeah, that's gonna go over well.

 

Tue, 12/13/2011 - 17:01 | 1975673 905ozs
905ozs's picture

There is no Market Force other than which Rothschild inc etc allow you Tyler/Us/Sheeple...the debate is age old....

Do NOT follow this link or you will be banned from the site!