Market Snapshot: Just The Facts

Tyler Durden's picture

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trampstamp's picture

Man if that dollar breaks the head and shoulder tomorrow looks like we may have another up day. Crap.

Scalaris's picture

facts you say?

- does not compute. 

sheeple2012's picture

perfectly rational 75 handle rally in a day and change... because uhh, umm...why again? 

arm50's picture

We will see $8-9B reverse-POMO tomorrow. Should be interesting.

disabledvet's picture

You forgot to add "and 50 billion dollars really isn't all that much cash on hand." Other than...pretty good!

Zonker's picture

Another huge missed trading opportunity by ZH... 70 handles becuase the sky is always falling

buzzsaw99's picture

you should go over to ibankcoin. they have been long throughout this selloff and are up like 145% over the past three months. lulz

walküre's picture

The experienced ZH community bought the oversold market and is selling into this rally.

I suppose you might be one of the few that are thankfully still buying. Keep it up.

Tomorrow is another day.

Thursday is no POMO on deck, FWIW and Friday is more POMO.

Trade it accordingly.

 

Cult of Criminality's picture

Well until tommorow

 

Shiny Happy People... REM....

 

http://www.youtube.com/watch?v=S8afojtw4UE&feature=related

Kate is so hot I had to watch it twice....Feel the energy rise up your spine with her voice,You deserve it.....Feel good !

My best to all

paul_Liu's picture

Tyler, Please continue your fight with MS.

RobotTrader's picture

Oh well.

Both the Nasdaq McClellan Oscillator and Summation Index turned back up today.

http://stockcharts.com/freecharts/McSumNASD.html

Yahoo Finance reported a massive surge in breadth also.

Richard Russell's PTI indicator last night was +8.

So it is still a green light for the bulls.

SheepDog-One's picture

Hey how did all your indicators work for you when you charged in all long at DOW 12,700?

Youre such a total ass hat.

SmoothCoolSmoke's picture

Leisurely adding to SPXU, FXP and MS puts.  SP 1000 coming before SP 1200.

Smoking MacBerans Mature Virginia in a Boswell Lumberman on the ride home.   Night all.

Zgangsta's picture

Argh, I hate all of this foreplay!  Let's just get straight to banning all shorts and margin, and let the chips fall where they may.

LeonardoFibonacci's picture

When the gubberment supports its banks like US of A did 3 years ago, we are communists period.  And Zimbabwe Obama should go back to Africa!

slewie the pi-rat's picture

My name is Wednesday. I'm a cop.

John Law Lives's picture

The stock market and the real economy exist in different realms.

This is reality in the US:

http://blogs.wsj.com/economics/2011/10/05/nearly-half-of-households-rece...

excerpt:

"Nearly half, 48.5%, of the population lived in a household that received some type of government benefit in the first quarter of 2010, according to Census data. Those numbers have risen since the middle of the recession when 44.4% lived households receiving benefits in the third quarter of 2008."

 

chump666's picture

This is a mid week squeeze, given oversold levels you gotta expect this, but, it won't last.  The rumor melt-ups are good for 48hrs max, so they pumped another session (last) full of BS.  I don't think the market is buying on the rumor, it's just covering short positions.  There will be resumed selling into the close of the week and into next week,  Remember Asia was selling yesterday and Copper has been selling since Sept 2011.

Oil went bid as Asia (net importers) is going into a hard landing.  Good job Europe...

chump666's picture

...and if CDS spreads don't narrow for Asia during their trading session. 

US/EZ markets will get the wake up call from hell.

SheepDog-One's picture

All conditions will be different within 12 hours. Trade accordingly.

msmith's picture

The SPX sees a potential pullback before the upside resumes.  http://bit.ly/nomuaV

El Hosel's picture

msmith

  ..... Yeah, the SPX is UNCH the last 12 years or so. Wake me up when the "upside" resumes. 

nyse's picture

Key: "professionals do not seem to be the ones holding this up."

Bingo.

jm's picture

Funny, I talked to some professionals today with some HY energy producers they broke...

RMolineaux's picture

A suggestion to Tyler:   In your current analysis you have come to rely a lot on the movement of credit default swaps (CDS) as a data trend .  This may at some point backfire, since their prices reflect the passing opinions and emotions of speculators and little else.  CDS are at the center of the derivative superstructure and are a recent (and unnecesary) addition to Wall Street's new and ingenious methods of skimming the cream from the economy.  Until a few years ago, CDS were used almost entirely in the municpal bond market, unti some Wall Street hotshot decided it could be a good source of fee income.   Then, without reserves or supervision, the value of

 

 

 

 

 

Then suddenly the market balooned out into insured amounts of unbelievable size, with non-holders getting into the crap-shoot, on the pretext of adding liquidity.  (Where have we seen that pretext used before?)  In my opinion, all CDS should be legally nullified, with premiums returned to purchasers with interest.

 

 

 

 

cd

PulauHantu29's picture

You can't eat the damn stuff!

 

Gold’s Still A Great Investment, Says Frank Holmes–The Price Will Double


By Henry Blodget

 | Daily Ticker – 9 hours ago http://finance.yahoo.com/blogs/daily-ticker/gold-still-great-investment-...
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