Markets Gone Wild

Tyler Durden's picture




 

Dismissing the ridiculous ignorance of calling the market action in the last few minutes a 'fat finger', it is clear that between no/low volume, 'banging the close in the pit', futures roll and ETF interactions, Oil's OPEX, SPR release rumors, and correlated vaccuum tubes, the reactions between US equities, oil (WTI and Brent), USD (and all major crosses), and the PMs are extremely volatile. No one knows what the 'news' is but one thing is for sure, its priced in - whatever it is. We just remind those 'trading' that with QEternity, all the good news 'help' is now out there - so what's left - jawboning Oil down. Treasuries are a littel jiggy but nothing remarkable.

 

Denial: *WHITE HOUSE'S CARNEY SAYS `NO CHANGE' ON OIL RESERVES

 

Brent (and WTI)Crude volume spiked massively as we dropped...

 

as did S&P futures...

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Mon, 09/17/2012 - 14:49 | 2804361 fightthepower
fightthepower's picture

PPT, trying to remove the inflation from QE infinity. 

Mon, 09/17/2012 - 14:50 | 2804382 Michael
Michael's picture

Whomever coined the word "QEternity", I love it.

Mon, 09/17/2012 - 14:57 | 2804404 Dalago
Dalago's picture
Tyler Durden
Mon, 09/17/2012 - 14:59 | 2804420 Pladizow
Pladizow's picture

Only when Obummer denies it will I believe it!

Mon, 09/17/2012 - 15:18 | 2804518 malikai
malikai's picture

Heh.. For a good laugh, look at the VXX throughout that episode.

Mon, 09/17/2012 - 15:20 | 2804531 strannick
strannick's picture

QEternity ultimately leads to Infinitlation

Mon, 09/17/2012 - 15:22 | 2804540 THX 1178
THX 1178's picture

ZH is getting popular these days. Look at the views per article. This seems above average to me.

Mon, 09/17/2012 - 15:42 | 2804633 JohnnyBriefcase
JohnnyBriefcase's picture

Truth is obvious to even the dimmest of the witted.

Mon, 09/17/2012 - 15:48 | 2804661 TruthInSunshine
TruthInSunshine's picture

By opening up a can of whoop-your-ass-higher-inflation-expectations, The Bernankstain killed the goose the lays the virtuous circle eggs.

Mon, 09/17/2012 - 15:58 | 2804701 JohnnyBriefcase
JohnnyBriefcase's picture

No shit. They could have kept that going forever.

 

Well, at least until the war and stuff.

Mon, 09/17/2012 - 19:13 | 2805374 samcontrol
samcontrol's picture

I have mentioned in ten posts that we are getting an invasion fron discharmed yahoo posters..... the government banned links on yahoo, i think Tyler missed that one.

Mon, 09/17/2012 - 15:27 | 2804558 flacon
flacon's picture

VXX range-bound between 9.21 - 9.25 between 14:06 - present ..... I'm starting to really believe that VXX is a fraud. 

Mon, 09/17/2012 - 15:38 | 2804613 malikai
malikai's picture

I couldn't believe my eyes.

http://blog.quantsig.net/2012/09/17/vxx-4/

Mon, 09/17/2012 - 15:01 | 2804434 MillionDollarBonus_
MillionDollarBonus_'s picture

I feel sorry for peak oilers. This is the beginning of the end of the oil bubble. We had the initial high, and now we are witnessing the formation of double top. This is very bad news for doomer peak oilers who were fooled into investing money in oil stocks and crude futures. 

Mon, 09/17/2012 - 15:05 | 2804451 RmcAZ
RmcAZ's picture

This wasn't even a good troll, try harder next time.

Mon, 09/17/2012 - 15:14 | 2804493 Pladizow
Pladizow's picture

It got you to respond.

DONT FEED THE TROLLS - dont reply to them, dont give +, dont give neg!

Mon, 09/17/2012 - 15:18 | 2804519 Michael
Michael's picture
Controversial 'naked' airport body scanners to be scrapped after failing to receive European approval

Read more: http://www.dailymail.co.uk/news/article-2204422/Controversial-naked-airport-body-scanners-scrapped-failing-receive-European-approval.html#ixzz26kx5sAmP

Mon, 09/17/2012 - 15:28 | 2804566 Pladizow
Pladizow's picture

The real reason they wernt approved? http://www.youtube.com/watch?v=olEoc_1ZkfA

Mon, 09/17/2012 - 15:21 | 2804533 TheCanadianAustrian
TheCanadianAustrian's picture

"Don't feed the trolls" - That advice is meant for people who are too dumb to identify a troll. You know, the kind of people that make a fool of themselves by getting into a lengthy, heated debate.

Mon, 09/17/2012 - 15:39 | 2804623 Ignatius
Ignatius's picture

"This wasn't even a good troll, try harder next time."

He's not a troll.  This is satire

Mon, 09/17/2012 - 15:09 | 2804479 Dealer
Dealer's picture

MDB, I bet you think you're funny.  You aren't.

Mon, 09/17/2012 - 15:17 | 2804516 akak
akak's picture

Our dear Chinese troll friend AnonymousAsshole is MUCH funnier than this lamebrain MDB, and I bet he isn't even really trying!  Make me laugh!

Mon, 09/17/2012 - 15:29 | 2804573 Oh regional Indian
Oh regional Indian's picture

Akak, joke might be on you because I think AnAnonymous is not chinese at all. No way, in my opinion.

;-)

As for the markets, look at the headline news and then look at the algos and connect ze dots. Correlation IS causation, sometimes. Post hoc ergo propter hoc, I think so...

ori

Mon, 09/17/2012 - 15:14 | 2804500 TheCanadianAustrian
TheCanadianAustrian's picture

Please be funnier next time.

Mon, 09/17/2012 - 15:41 | 2804627 AGuy
AGuy's picture

Agreed,

MDB: your slipping.

 

Mon, 09/17/2012 - 15:16 | 2804515 Jumbotron
Jumbotron's picture

HAHAHA LOL....MillionDollarBooger.....you so funny.

As if Peak Oil is just about the price.  It's about having enough cheap oil to fuel the Elites' dreams of Global Utopia.  Regardless of why this sudden drop in oil price.....going forward since the Crash.....when you see oil drop....that is...drop in a consistent...sustainable way....it's simply because the economy is in free fall as well and dreams of growth have been crushed for a certain period of time. 

When oil begins a long...sustainable...run-up again and/or stays up....the economy has been blown like a dick in Ben Bernanke's mouth to an unsustainable level until that high oil price runs up the cost of everything that is useful to sustaining life.....AAANNNDDDDD.....it all comes back down again.

That's PEAK OIL.....a pernamnent ceiling on Utopian....Cornucopian Growth.

Mon, 09/17/2012 - 15:23 | 2804543 beachdude
beachdude's picture

MDB,
STFU! Your head is shoulder high up your ahole, and your posts are only the sound of passing gas.

Now. Anyone have any Kahlua?

Mon, 09/17/2012 - 15:47 | 2804655 Jethro
Jethro's picture

MDB, I still laugh at your Facebook IPO posts.  I guess this constitutes a virtual crush on your satire.  I know you can't deliver that level of wit everyday, but man...I look for it every time.

Mon, 09/17/2012 - 17:48 | 2805152 eatthebanksters
eatthebanksters's picture

LOL!  MDB, do you sip on brandy as you think this stuff up!  Thank you again for your dry humor...it put a smile on my face for a moment during an otherwise blase day.

Mon, 09/17/2012 - 15:21 | 2804534 LULZBank
LULZBank's picture

He did'nt coin that...

Mon, 09/17/2012 - 15:12 | 2804489 Stock Tips Inve...
Stock Tips Investment's picture

These are typical market movements. Add a little, pause, step back a bit and comes back up. Still do not see a change in the character of the market to start a major correction. GLD faced a first level resistenia at $ 175 and a much more important in the $ 185.

Mon, 09/17/2012 - 14:50 | 2804383 t0mmyBerg
t0mmyBerg's picture

I am not sure it is the PPT, but clearly something is going on and someone watching the comings and goings in the halls of power knows what IT is.  Eventually, after whomever has paid our high officials for the heads up have taken their positions, the rest of us will see what IT is on the news.

Hope you are positioned the right way.

Mon, 09/17/2012 - 14:57 | 2804406 Greater Fool
Greater Fool's picture

9/11 catastrophe trade unwind

Mon, 09/17/2012 - 15:00 | 2804426 Gene8696
Gene8696's picture

Buying...

Mon, 09/17/2012 - 15:53 | 2804674 beachdude
beachdude's picture

Buy USO and BNO calls on the dip.
JAN looks nice, not too expensive.
UCO works nicely, as well.

Seen the vodka?

Mon, 09/17/2012 - 15:05 | 2804448 LongSoupLine
LongSoupLine's picture

 

 

Maybe GM finally sold a Volt, hence driving inventories through the roof.

Mon, 09/17/2012 - 15:14 | 2804502 lolmao500
lolmao500's picture

Didn't you know? The Pentagon will buy a shitload of Volts. So taxpayers pay the pentagon to buy volt THEN it pays GM to make the volts... so the taxpayers are paying twice for the same volt. Neat uh? I just loooooooove fascist economics.

http://www.foxnews.com/us/2012/09/11/taxpayers-to-get-charged-as-pentago...

Mon, 09/17/2012 - 15:15 | 2804506 Greater Fool
Greater Fool's picture

Hey--I actually saw one of those a couple months ago. It was in an Avis parking lot. Charging up.

Mon, 09/17/2012 - 17:56 | 2805180 eatthebanksters
eatthebanksters's picture

Someday, maybe in 20 years, there will still be a few Volt's on the road....I predict they will be humorously referred to as Obummer's!  "Oh look, there goes an Obummer!  Wasn't that the car a former president asked the biggest auto company in the world to make for him when he bailed out their union?  Didn't that turn into one of the biggest failures in US corporate history? Didn't that car turn out to be the most expensive ever made?  Oh look...it's slowing down...oh look, it stopped...oh look, the angry man is getting out with a long extension cord!"   Ha ha!

Mon, 09/17/2012 - 15:14 | 2804499 insanelysane
insanelysane's picture

From CNBS:

"The entire crude complex on CME [CME  58.73    -0.16  (-0.27%)    ] Globex including crude oil, RBOB, gasoline and heating oil, "saw a coordinated sell-off of a prolonged duration of 30-minutes" from around 1:50 p.m. EDT (1750 GMT) to around 2:20 p.m. EDT on Monday, the spokesman said." 

 

Note the "coordinated sell off" comment.  and ZHers don't think Ben loves them.

Mon, 09/17/2012 - 19:54 | 2805519 Buck Johnson
Buck Johnson's picture

And it's not working, they are trying to fight inflation aka soon to be hyperinflation but it's impossible.

Mon, 09/17/2012 - 14:47 | 2804365 Id fight Gandhi
Id fight Gandhi's picture

New normal they calls it.

Mon, 09/17/2012 - 14:48 | 2804367 lolmao500
lolmao500's picture

2% down in a second or so? Did the attack on Iran get canceled or what? Ah OK, it's the White House making sure they keep low oil prices so they win the election.

Mon, 09/17/2012 - 14:59 | 2804421 malikai
malikai's picture

Benocide changed his mind.

Mon, 09/17/2012 - 15:52 | 2804672 roadhazard
roadhazard's picture

2% don't mean nothin' when oil is at $100. or twice what it should be for this world economy. They had it right for a while right after the crash in 08'. Then they said, fuck it make the schmuks pay.

Mon, 09/17/2012 - 14:49 | 2804371 ar01
ar01's picture

Mechanistically, how do things like this happen? Is it basically that one person can off-load a relatively small amount of futures consistently and ramp the market in one direction?

Mon, 09/17/2012 - 15:42 | 2804554 Global Hunter
Global Hunter's picture

you could do it with one buyer/seller.  The bid/offer has to be big enough.  In any market if a bid gets hit or an offer gets lifted, trade after trade, then eventually another bid/offer will step in front, its the size on offer (or size of bid) that moves the market.

Mon, 09/17/2012 - 14:49 | 2804376 XRAYD
XRAYD's picture

Sure ... with the big decks and the Marines heading to the Persian Gulf theater.  Why not?

Mon, 09/17/2012 - 15:35 | 2804600 Ying-Yang
Ying-Yang's picture

heh... he said Big Deck

Mon, 09/17/2012 - 14:49 | 2804377 fonzannoon
fonzannoon's picture

This is a no volume knock down day. Same thing happened to mining stocks a few hours ago, Sometimes it's easy for the casino to make it look fair and sometimes they are in no mood to give a shit whether you notice or not.

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