Market Stoned Like It's 1999

Tyler Durden's picture




Presented with little comment but we thought, given the exuberance surrounding Facebook, ZNGA's rally, and FFN's double, that we would point out that the four-week average volume on the NYSE has dropped to levels not seen since, yes you guessed it, 1999.

Chart: Bloomberg

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Thu, 02/02/2012 - 16:25 | 2121098 Mr Lennon Hendrix
Mr Lennon Hendrix's picture

 

On a long enough timeline, everyone must get stoned.

Thu, 02/02/2012 - 16:29 | 2121123 TheFourthStooge-ing
TheFourthStooge-ing's picture

Who needs life? I'm high on dope!

http://www.youtube.com/watch?v=uIU9F3DjlwU

 

Thu, 02/02/2012 - 16:50 | 2121208 DavidPierre
DavidPierre's picture

Will barter hallucinations for bullion!

http://cannagen.com/inv/strainimg/2/22258_4ccfc85cd35f3.jpg

contact ...  www.bcbuddepot.com

Tell em DP sent ya...

Thu, 02/02/2012 - 17:32 | 2121328 CPL
CPL's picture

Very nice.

Thu, 02/02/2012 - 17:34 | 2121333 jowenchrist
jowenchrist's picture

Mi Ti Fine looking herbal remedy you got there farm boy ! 

Thu, 02/02/2012 - 20:45 | 2121746 TruthInSunshine
TruthInSunshine's picture

1999

 

'Twas doin' lines at Scores when I wrote this, so sue me if I go too fast

But this market is just a Ponzi and Ponzis weren't meant to last 

Tech IPOs all around us, my mind says keep that stop-loss tight 

But if I gotta die by margin, I'm gonna dis that T&A bullshit tonite

  
Yeah hey, they say two thousand zero zero party over, oops, out of time

So tonite I'm two fisted buyin' like it's nineteen ninety-nine 

Yeah, yeah, hey

People, let me tell you somethin'

If you weren't sent by Abby Joseph, don't bother biddin' on my floor, oww

I got FB in my pocket and Barton Biggs says it's ready to roar, yeah hey

Everybody's had a pets.com, we all could blow up any day, oh

But if I let that happen, I'll only have myself & Cramer to blame, oh ho

  

Yeah hey, they say two thousand zero zero party over, oops, out of time

So tonite I'm two fisted buyin' like it's nineteen ninety-nine 

Yeah, yeah, hey

Thu, 02/02/2012 - 17:40 | 2121349 Sweet Chicken
Sweet Chicken's picture

OMG does thatlook delicious! Purple Kush perhaps?!

Thu, 02/02/2012 - 18:17 | 2121456 Black Friday
Black Friday's picture

Yum!

Fri, 02/03/2012 - 00:00 | 2122152 The Monkey
The Monkey's picture

I smell a recession. Holding 30 year treasuries and 3X short the S&P 500.

Come and get me Charlie! Fire up the printing press!!!

Thu, 02/02/2012 - 18:51 | 2121515 IndicaTive
IndicaTive's picture

Ahhh the days of mylar wallpaper in my closet.

Thu, 02/02/2012 - 20:03 | 2121711 FranSix
FranSix's picture

I just thought I would throw this in one more time!

http://www.youtube.com/watch?v=qJfbO-iBkZI&feature=related

Thu, 02/02/2012 - 16:53 | 2121210 whstlblwr
whstlblwr's picture

OT: Yesterday we find the Endorse Liberty PAC gives almost a million to Ron Paul. The corrupt main street media are chomping at the bit for the deadline, to find the names to prove once and for all that Ron Paul has racist “fringe” supporter…but it’s not! It’s gay influential tech giant who first recognizes importance of Facebook in 2004 before many did. He’s visionary. He’s for liberty and freedom. He’s so influential that he is part of steering committee of Bilderburger! LOL! So what does fucked up corporate whore media do? They fucking freaked out now. Scared spineless bought and paid for media who hide the truth. Mr. Thiel doesn’t fit profile of their fucked up view of “Ron Paul supporter.”

Hey people, visionary Peter Thiel is a fucking Ron Paul supporter. Rumors that Ron Paul is little homophobic don’t matter, even a gay visionary recognizes that we need Ron Paul for this country. If networks won’t report, we have to spread the word. Ron Paul is not a fringe candidate.

http://thielfoundation.org/index.php?option=com_content&view=article&id=...

Thu, 02/02/2012 - 16:56 | 2121227 Azannoth
Azannoth's picture

Sorry to say but the people have spoken and they want more bread and circuses not liberty and truth, and they will get it, good and hard ..

Thu, 02/02/2012 - 17:03 | 2121245 whstlblwr
whstlblwr's picture

The people have not spoken yet, most don't understand what is going on. Stop being wimp and work harder, talk to people.

Thu, 02/02/2012 - 17:24 | 2121315 j0nx
j0nx's picture

Nope he's right. They want bread and circus. They simply don't care. They have been brainwashed over 70 years to believe that their leaders could never behave like what is really happening now. Tell 9 out of 10 people what's really going on and they will look at you like you are a crazy man off his meds. The simple fact is that they are still in the matrix and they do not want to get out. No amount of 'working harder' will change that. The only thing that will change that is when they are cold and hungry.

Thu, 02/02/2012 - 17:40 | 2121350 whstlblwr
whstlblwr's picture

Start your own campaign. Here's example, send this to your email list.

You may think Ron Paul is a strange character or he has strange ideas, but find out why billionare visionary Peter Theil spends a million dollars to help him get elected. Peter Theil, who is gay, believes in freedom and liberty, he’s on Facebook’s board of directors, he was an early investor of Facebook in 2004 before others recognized its value.

Why does Bill Gross who co-founded PIMCO, who manages one of the world’s largest mutual funds tell us Ron Paul is only Republican who can fix economy?

http://dailycaller.com/2012/02/01/facebook-investor-and-paypal-co-founde...

http://thielfoundation.org/index.php?option=com_content&view=article&id=...

http://outfront.blogs.cnn.com/2012/01/04/pimcos-bill-gross-ron-pauls-the...

https://en.wikipedia.org/wiki/Bill_Gross

Thu, 02/02/2012 - 18:42 | 2121506 NotApplicable
NotApplicable's picture

I must be spending too much time on ZH, as until now I've managed to completely miss the Ron Paul internet meme! Buzzfeed has their top 50 picks. They're all awesome, but as a vet, #39 kicks ass, especially now that Perry has been vaporized.

http://www.buzzfeed.com/jpmoore/50-examples-of-the-ron-paul-meme

Fri, 02/03/2012 - 00:35 | 2122206 Real Estate Geek
Real Estate Geek's picture

#50 is tops, IMO

Thu, 02/02/2012 - 17:40 | 2121351 AldousHuxley
AldousHuxley's picture

http://www.data360.org/dsg.aspx?Data_Set_Group_Id=2362

 

half of people are immature <25yo or retirees who could care less >65

 

they don't believe it when 0.1% of population has income of $3,000,000/year.....yeah...facebook's millionares ain't shit compared to these power couples hitting IPO success year after year after year mostly on unearned income.

Thu, 02/02/2012 - 18:19 | 2121461 Vampyroteuthis ...
Vampyroteuthis infernalis's picture

Party like it's 1999......... Cue in the purple and pink.

Thu, 02/02/2012 - 19:44 | 2121658 Whiner
Whiner's picture

I heardat, JX. Look who the sheeple elected as their last POTUS. Try a test with educated friends. Ask then what the national debt is, then ask them what last years deficit was. I've been doing this since '09. Nobody got it nearly correct, ridiculous responses. My bro- in law, an M.D. Guessed $300B last November. Then you tell them and they look at you like..."So-oh....?" Part lll is coming: Oromney. More of the same. Protect your family best you can. They are not going to listen or understand.

Thu, 02/02/2012 - 17:15 | 2121284 the not so migh...
the not so mighty maximiza's picture

Sadly you will get the Black Goldman Sacks guy or the White Goldman Sacks guy to choose from.  Pro-Bailout Girly-men will give america what it deserves.

Thu, 02/02/2012 - 18:04 | 2121408 GernB
GernB's picture

You just don't get it:

free campaign advertisement and propaganda via mainstream media = good

large donors to Democrat campaigns = good, benevolent, caring

large donors to Republican campaigns = evil, racist, and stupid

large donors to Libretarian campaigns = fringe lunatics

Thu, 02/02/2012 - 16:33 | 2121142 mattu13048
mattu13048's picture

Better start trading FX at www.armadamarkets.com Average daily trading volume: 4000 bln dollars. Enjoy!

Thu, 02/02/2012 - 16:42 | 2121183 ilion
ilion's picture

Heard some good stuff about Armada Markets and their partner LMAX. The final days of bucket shops has now finally arrived.

Thu, 02/02/2012 - 16:51 | 2121211 SilverIsKing
SilverIsKing's picture

Two more reasons to vote for Ron Paul.

 

(1) Donald Trump endorses Mitt Romney

(2) Mitt Romney accepts Donald Trump's endorsement

Thu, 02/02/2012 - 17:11 | 2121268 Joseph Jones
Joseph Jones's picture

"A dog returns to its vomit" Proverbs, IIRC

Thu, 02/02/2012 - 20:52 | 2121843 DosZap
DosZap's picture

Joseph Jones

Yup 26:11

so a fool repeats his folly

Thu, 02/02/2012 - 17:11 | 2121269 kito
kito's picture

also, remember that when chris christie, you know, the one who invoked the spirit of ronald reagan (the alleged conservative), will be running for president in 2016, that HE ALSO ENDORSED NITWITMITT!!!!!

Thu, 02/02/2012 - 17:59 | 2121397 Cole Younger
Cole Younger's picture

Who's to say that there will be a President in the U.S. come 2016? The way these fools are running things, we may have a year or two at best..

Thu, 02/02/2012 - 23:09 | 2122069 Milestones
Milestones's picture

NITWITMIT!! Good play with the words!!         Milestones

Thu, 02/02/2012 - 17:06 | 2121253 TheFourthStooge-ing
TheFourthStooge-ing's picture

ilion spammed:

Heard some good stuff about Armada Markets and their partner LMAX. The final days of bucket shops has now finally arrived.

Do you always reply to your own sock puppets?

 

Thu, 02/02/2012 - 17:53 | 2121378 tekhneek
tekhneek's picture

They're the same person.

He's been really picking up steam on spamming that site these past few weeks.

I shouldn't talk though. I'm about to unveil my top secret ZH project to the community that not even Tyler knows about but that involves a link to the project.

I've said too much. He's got another handle too, him and... himself were having a ball on a thread awhile back.

 

Thu, 02/02/2012 - 18:01 | 2121401 a growing concern
a growing concern's picture

Does your secret plan involve recreating the end of Fight Club?

Thu, 02/02/2012 - 22:55 | 2122047 UP Forester
UP Forester's picture

I'm thinking she'll release EMP devices, delivered from "Iran" via Venezuala, South Africa, North Korea and a certain "friendly" nation in the Eastern Mediterranean.

Better read up on One Second After.

Thu, 02/02/2012 - 16:35 | 2121154 Cheesy Bastard
Thu, 02/02/2012 - 16:43 | 2121189 ilion
ilion's picture

Does anybody remember, when was the last day when stock markets actually declined in the US?

Thu, 02/02/2012 - 17:12 | 2121271 GeezerGeek
GeezerGeek's picture

In terms of fiat or PM?

Thu, 02/02/2012 - 17:44 | 2121359 exartizo
exartizo's picture

It's really quite disgusting.... I know what you mean.

Makes me wanna throw up.

The Disconnect Is Palpable And Growing.

Thu, 02/02/2012 - 20:32 | 2121786 JPM Hater001
JPM Hater001's picture

You mean in a meaningful way?  Im thinking 2001.  Of course planes were flown into a couple of buildings...there were at least a few fundamentals at the time though...so I really dont know otherwise.

Thu, 02/02/2012 - 16:25 | 2121099 resurger
resurger's picture

Robo is rich!

Thu, 02/02/2012 - 16:31 | 2121117 Mr Lennon Hendrix
Mr Lennon Hendrix's picture

One of either two things is about to happen in the next few weeks:

Stocks correct to 11k

or

Inflation increases asset prices dramatically to catch up to the stock/bond bubbles valuation of corporations.

Thu, 02/02/2012 - 16:32 | 2121136 resurger
resurger's picture

Well that's teh fucking problem Lennon, a bear like me is unhappy, although i should be shorting by now ...

With crazy fuckers like uncle Ben and his cohorts controlling the market it's tuff..

meanwhile ... do what Cypress Hill say:

Roll it up, (light it up), smoke it up
I wanna stimulate my mind (so I toke it up) .... Smoke Trails ~~~~~~~ O O O ooo

 

Thu, 02/02/2012 - 16:37 | 2121159 Mr Lennon Hendrix
Mr Lennon Hendrix's picture

Inhale, exhale.....

Thu, 02/02/2012 - 17:13 | 2121276 GeezerGeek
GeezerGeek's picture

Clinton only exhaled, and look where it got him!

Thu, 02/02/2012 - 23:15 | 2122080 Milestones
Milestones's picture

He blew a lot of guys?? And it got him AIDS?       Milestones

Thu, 02/02/2012 - 21:51 | 2121956 BLOTTO
BLOTTO's picture

I just got an ounce in the mail...

Thu, 02/02/2012 - 17:09 | 2121262 TruthInSunshine
TruthInSunshine's picture

Don't give The Bernank an ounce more credibility than he deserves in mapping future plans.

It only takes a quick trip back to 2007 or 2005, for that matter, to realize the basic, fundamental, incontrovertible truth that The Bernank's credibility is extraordinarily low, and that whatever semblance of credibility he has obtained has been done through a proxy financial media that's really gone to bat for him, on behalf of the Money Masters.

Thu, 02/02/2012 - 17:20 | 2121299 resurger
resurger's picture

You damn fucking right Truth... I slipped for a sec!

My sincere apologies

 

Thu, 02/02/2012 - 17:35 | 2121332 TruthInSunshine
TruthInSunshine's picture

It's alright.

In a world full of cnBSc & Bloomturd, it happens.

The Bernank will leave as a disgraced and humiliated Fed Chairman.

Count on it, bitchez.

Thu, 02/02/2012 - 17:50 | 2121365 exartizo
exartizo's picture

Dont' forget ReutersTurd... The Biggest Government Spin Machine on the internet.

Thu, 02/02/2012 - 16:34 | 2121147 JPM Hater001
JPM Hater001's picture

You shouldnt say things like that unless you are sure which one is going to happen.  Otherwise I dont know what trade to make.

But I +1 for the idea that we are about to rocket or plunge.  If we plunge I would be surpised if it only goes to 11K.

I'm thinking 8K may be optimistic.

Thu, 02/02/2012 - 16:40 | 2121173 Mr Lennon Hendrix
Mr Lennon Hendrix's picture

The inflation of goods already priced in means that for pensions to work it needs to be at 11k.  Go below there and Grandma eats cat food three times a day, she won't be using heat, and she will have to use newspaper to wipe.

Thu, 02/02/2012 - 16:52 | 2121215 I think I need ...
I think I need to buy a gun's picture

lmao lennon

Thu, 02/02/2012 - 17:17 | 2121293 GeezerGeek
GeezerGeek's picture

Go below 11K and Michelle won't be taking all those taxpayer-supported vacations.

Go below 5K and Barack will be a caddy on the golf course.

"Ben, keep it above 12K until December!"

Thu, 02/02/2012 - 16:51 | 2121212 resurger
resurger's picture

Sure hater, look at Vix is so low, I so want to short but i just can't!

18.16 0.39(2.10%

am thinking DOW to 13,500-13,800! I will initiate after FB IPO, i think it will go up slowly, the DOW is resisting 12,700 atm


Thu, 02/02/2012 - 18:52 | 2121516 samcontrol
samcontrol's picture

resurger ,, i bought tvix at the close....wish me luck i will need it!

Thu, 02/02/2012 - 23:12 | 2122072 a growing concern
a growing concern's picture

TVIX all the way.  Seriously, how much lower can it go?

Fri, 02/03/2012 - 02:39 | 2122349 resurger
resurger's picture

Good call, i will follow suit

Thu, 02/02/2012 - 20:34 | 2121788 JPM Hater001
JPM Hater001's picture

Ever heard of a sucker-punch?

Only works if your not looking.

Thu, 02/02/2012 - 17:52 | 2121377 exartizo
exartizo's picture

Dont' bet on 8k.

In fact, with the lowest volume on record (making it easy to move the Dow intraday/daily with a paltry $2T-$3T) and the CTRL-P on full throttle (though they're trying to hide it in various ways)... I can see a 15k Dow by December.

Thu, 02/02/2012 - 16:39 | 2121170 AccreditedEYE
AccreditedEYE's picture

Very true bro. Of course, being the glutton for punishment that I am, I will continue to incrementally add to shorts as parabolic moves up present themselves. Can't wait till this game they've been playing blows up in their face.

Thu, 02/02/2012 - 16:42 | 2121184 Mr Lennon Hendrix
Mr Lennon Hendrix's picture

Nothing wrong with playing that side.  If I was selling calls/buying puts I would be long gold just in case.

....oh wait, I am!

Thu, 02/02/2012 - 17:09 | 2121263 Zadok
Zadok's picture

With real inflation at about 12%, which means you lose 12% of your principal if you stand still in cash,

With taxes on your increases at (name your best estimate), 

Add in any fees,

Add in risk as you see fit,

You have to REALLY do well EVERY time to make that pay.  

Market is broken, PM's are the only viable alternative for now.  

http://i1140.photobucket.com/albums/n579/bearasaur/January%20Census%20Da...

http://i1140.photobucket.com/albums/n579/bearasaur/January%20Census%20Da...

Thu, 02/02/2012 - 17:27 | 2121319 zerozulu
zerozulu's picture

To curb inflation, government will declare one gallon of gas contains 6 pints.

Thu, 02/02/2012 - 17:37 | 2121343 TruthInSunshine
TruthInSunshine's picture

There's a very underspoken of point.

As we head into what very well could be a worsening credit crisis that turns into a worsening liquidity crisis, the nimble, fast liquid parties will have particularly exclusive advantages, regardless as to the long term outlook for fiatrash.

Thu, 02/02/2012 - 20:41 | 2121815 DosZap
DosZap's picture

Mr Lennon Hendrix

I pick door #2. No way they let Deflation jump the shark.

Thu, 02/02/2012 - 16:25 | 2121100 Gubbmint Cheese
Gubbmint Cheese's picture

while I tried pot once.. I can say I never exhaled..

 

Thu, 02/02/2012 - 16:30 | 2121128 Sudden Debt
Sudden Debt's picture

Thats like taking a trip without sending a postcard back home!

Thu, 02/02/2012 - 20:39 | 2121806 DosZap
DosZap's picture

 four-week average volume on the NYSE has dropped to levels not seen since, yes you guessed it, 1999.

Does that mean we can PARTY LIKE its 1999?

Thu, 02/02/2012 - 16:26 | 2121105 Jlmadyson
Jlmadyson's picture

Puff, puff, ponzi.

Thu, 02/02/2012 - 16:27 | 2121106 alien-IQ
alien-IQ's picture

people on Ludes should not trade.

Thu, 02/02/2012 - 16:30 | 2121129 Mr Lennon Hendrix
Mr Lennon Hendrix's picture

Retired "soccer moms" beg to differ.

Thu, 02/02/2012 - 16:27 | 2121108 dracos_ghost
dracos_ghost's picture

As others have said, dark pools are where the action is nowadays.

Thu, 02/02/2012 - 16:29 | 2121122 ekm
ekm's picture

Incorrect. Dark Pools must report their trades, not immediately, but they must. I think it's 24hrs lag. The graph includes dark pool trades.

Thu, 02/02/2012 - 20:48 | 2121829 Torsion
Torsion's picture

Most dark pool prints are reported to the consolidated tape in less than a second.  However, they are marked as distinct from NYSE trades.  Google "CTS Multicast Output Spec" and search it for "Trade Reporting Facility Identifier".  NYSE trades are marked with TRF=N, while most dark pool trades are marked with TRF=D (FINRA).  

If this chart shows only NYSE TRF=N trades (as the title suggests), then it should illustrate the NYSE's diminishing market share (which it does).  Nasdaq, ECNs, and dark pools have cut deep into their business.  Still plenty of NYSE-listed shares trading... just not on the NYSE.  

Thu, 02/02/2012 - 22:00 | 2121974 ekm
ekm's picture

Thx a lot for clarification

Thu, 02/02/2012 - 16:28 | 2121111 GeneMarchbanks
GeneMarchbanks's picture

Put that in your pipe and smoke it!

-- Eugene pretending to be RoboTarder.

Thu, 02/02/2012 - 17:00 | 2121237 SmoothCoolSmoke
SmoothCoolSmoke's picture

If more people actually smoked pipes, ala Einstien, Kipling, Jung, etc....there would be a lot more reason and calm in the world. 

Thu, 02/02/2012 - 21:33 | 2121929 blunderdog
blunderdog's picture

Don't forget the brown teeth and mouth cancer.

Thu, 02/02/2012 - 16:29 | 2121120 Lmo Mutton
Lmo Mutton's picture

We don't need volume. 

We need price levitation.

Thu, 02/02/2012 - 16:30 | 2121127 Everybodys All ...
Everybodys All American's picture

If you took out high frequency trading there would literally be no one left.

Thu, 02/02/2012 - 16:32 | 2121139 Mr Lennon Hendrix
Mr Lennon Hendrix's picture

It's the HFT algos vs. soccer moms for the battle of last trader in the market.

Who will win?

Find out next week on Sipping Coffee with Ben Bernanke

Thu, 02/02/2012 - 16:33 | 2121144 alien-IQ
alien-IQ's picture

Maybe the Supreme Court will declare that Robots people also?

Thu, 02/02/2012 - 16:37 | 2121160 resurger
resurger's picture

lol

+1

Thu, 02/02/2012 - 16:46 | 2121198 HD
Thu, 02/02/2012 - 16:58 | 2121233 mick_richfield
mick_richfield's picture

I prefer the term "artificial person".

Thu, 02/02/2012 - 16:31 | 2121131 Shizzmoney
Shizzmoney's picture

I guess we can start calling the Stock Market: "The Playground of the 15%".

The Market is SO detached from reality.  Hell, my company up 0.25% today...after laying off 5 people.  #newnormal

Thu, 02/02/2012 - 16:34 | 2121150 Sudden Debt
Sudden Debt's picture

Hell, we droped 24% in margin overall and my company is up over 50% these last 3 months.
We actually had to sign a contract last week that forbids it to managment to short the stock!
Our own legal is looking into it because that's a US memo and we don't really have that kind of laws here in europe :)

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