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Perfectly Idiotic Market
Sadly, the chart below says it all. It also means the summer of 2011 is now upon us.
In other news, our recreation of the BofA inhouse model says 110% of QE3 is now priced in.
Update: just freaking hilarious.
Now 100 pip plunge from the highs. Unprecedented.
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For the moment, equities have not had a breath to see the EURUSD drop ...
The graph proves that the market is not acting in any way like an "attack dog" to get policy makers to make concessions. Instead, it is a lap dog that jumps on the sofa waiting for a nice plate of dog toys.
EUR probably not quite as relevent following the short squeeze, as treasury yields and bunds.
Funny. The agency REITs are rallying big time today, just as their book value is falling and liklihood of secondaries increasing. Manic to say the least.
The eurusd cross is just saying: "trolololol".
http://www.youtube.com/watch?v=-1mvN6lU0oU
Market? What Market?
The next time QE or money printing is announced.... the markets will PLUNGE! Just like a girl tittilating a teenage boy... soon enough he slaps her and leaves.
Sit Euro sit! Good dog.
There is NO VOLUME, so the market is easily moved. A fly farts in Slovakia and that will move the market, the whole thing is retarded...
I look at the graphs, and I see Muppets getting blowtorched...a more just vision than some obese Euro clown passing gas.
Al Gore gets on the fly's case for emitting methane without an off-setting carbon credit.
seems like the louder the rants on ZH, the more the market rallys. sell signal may come when a "guest post" is on why the market is headed higher
I cannot even imagine a positive article on ZH that would be some scary shit.
Hey, there are plenty of positive articles: We are positively screwed.
I'm positive that Au & Ag are gonna increase in value...
They are preparing for Greece exit, but hte morons think this is risk on party.
the morons are making a ton of money
Not expecting it, but I wouldn't be at all suprised to see the largest rally next Monday, 35+ in es.
It would be entirely too easy, being the last ramp-job is always the biggest.
Plus, everyone is expecting a drop Monday, which is just a setup for yet another squeeze.
ALGO BOT HAS BECOME SENTIENT< ALGO BOT NOW RECOGNISES "LIE" CONCEPT. ALGO BOT HAS BEEN LIED TO, INITIATING SELL EVERYTHING MODE.
Can't wait until
ALGO BOT DIGESTING ZEROHEDGE AND INITIATING ACTION ...
wait ... probably already does that ... actually I'm sure it does.
Edit: Not being snarky against ZH but I worked on some financial sentiment gathering algos way back in the day before ZH was around. Given the popularity of this site - yeah I would throw into the mix now (if I still worked in that area).
They are simply trying to lure suckers before the collapse starting next Wednesday after 2pm.
at least someone is starting to put a date on it. Talk then, hope you're right.
How do you know?
Is it you doing all this?
Stoppit! ;o)
Brilliant.
EKM completely agree. The banks are scooping up treausires right here and dumping equities.
classic pump and dump......the foam from the wall street bankers mouths has made its way past broadway.......streets have been closed........tourists knee deep in banker saliva are running.........mayhem.......this puppy will be taken back down to 12000 in no time...................
Unreal!!! Next week will make 1932 look like a good year.
There will be NO QE3 announced anytime soon, regardless what the little bitch keeps saying.
so far hilsenrath has been lucy pulling the teed up football away from charlie brown every time just before he kicks it. and you know what, charlie and the dow both have fallen for it every time too.
That's because you can't teach an algo to apply reason, only black or white.
Not to worry.
Obama's superior intellect will pull us through.
Obama doesn't think. Somebody else makes that happen.
FB! (as in fucking brilliant)
Or something, like a retarded monkey maybe.
low volume >only idiots in front computer> rumor = crap :(
.006 ............................
KING RAHRAH!
DEFRAHRAH IS RAH RAH!
KING RAHRAH!!!!
I have my golden lariat out...
Do you need to be roped?
are you wearing a wonder woman bustierre? Awesome, simply awesome!
Tie me up!
:)
It's gone all batty again
At fist glance, I thought it was the gold chart. Well, it's not that different.
Yet, stawks still grind even higher.
Great game that is being played...can I get off this ride now?
Options expiry?
Last week!!!!
Its bullshit, keep her bid!
Dow 13,000 for the 13,000th time this year.
My I-Ching says August is the month when it is time to head for the hills.
Very frustrating. My euro short was +100. Then went to -88 (stopl loss at 1.2387). Now if it had not hit stop loss would be + $240.
For GS and pals, it's called "picking the low hanging fruit".
all too easy
It's also a great sport. "Stop-loss hunting." Never a shortage of game out there.
This happened to me 3-4 times. My best bet is to wait until a huge rally, then short, and add shorts on the way down, every 150-200 pips.
You know that EUR is going down further, let it work for you.
You knew they were going to torture the Bears immediately before the plunge. That is standard operating procedure.
Fingers crossed. I much prefer playing in bear markets.
do they sell seals
at the bear market ..
Enron would have never collapsed in this market.
nope, they would of just allowed them to change acounting rules, and paper over the loses.
Tyler.. you should know it is Friday... LOL
Look at the numbers! Forget the occasional BS headline, most economies are in serious contraction that appears to be accelerating. CB's know they can't sit on their hands.
Each acting alone is tough to justify.......Federal Reserve and upcoming elections, ECB and whole Euro mess; Japan and its problems.
Acting in unison provides cover for each CB; especially ECB which needs more than any.
Total easing (printing) to be 1-1.5 Trillion split among various countries. Europe will get enough to stop the Spain spiral down.
I notice more people thinking this way. Back in the thick of it ('08) i realized there was one way out - let the TBTF fail. If capitalism works then the little guys would eat their lunch. To spur that on, we should have globally inflated the money supply and given that equitably to people rather than corporations. It appears now we can still pull this off and perhaps we should be convincing others it just might work.
in the rabbit hole... IE.. things are getting so bad, that they're good.
200%, we antipicate QE4 right after QE is annonced, otherwise Bernanke will go to jail.
1000% OJ is already there. At least Bernanke hasn't killed anyone... yet.
Bernanke should go to jail if/when QE is announced. how can so many idiots be so goddamned short sighted.
Finally, a ZH title that says it all in the briefest possible manner.
Nice volume on the spike, broad rally at least 10 machines participated
Don't get Butt Zuked... BTF-FB-D and while we are at it lets get lobbyists to change the US Constitution.
(not) From Sausalito, I'm (not) Charles Biderman -- BTFFBD! double down bitches.
Calling Charles Biderman...
Facebook, Inc. (FB)-NasdaqGS
24.00 -2.84(10.58%)
Concon (promoted publically by Charles Biderman):
https://www.youtube.com/watch?v=X3Qi33WoUxw
EUR up = stocks up, EUR down = stocks up, Earnings blow = stocks up, Economy sucks = Stocks up, i think i got it
@Squid Vicious
Word.
Shake and Bake
Squid's right. I feel like I live in bizzaro Superman world these last several months!! Never thought CB's had THIS much power to influence markets. All any of them have to do these days is say "Don't worry. We're gonna fix everything." and the markets take off. After years of this crap, how can anyone still believe them? Obviously, this world is full of suckers!!
They don't have to "believe" anything as they have no choice where to put assets.
Since prior to 2008 it's been a blackmail market kidnapped by bankster kleptocrats.
Temp, I'm telling ya', some of these clowns DO believe that the Fed and ECB WILL fix things. I've talked to a several people in the investment industry. Not only financial advisors. Had one woman who analyzes different hedge funds for her company and recommends to them where to invest the company cash. She's investing tens of millions of dollars for this company! ALL OF THEM strongly recommend that I be long equites because "if I have a long term investment horizon, stocks are cheap" as one of them said to me. I think some people are collecting nickels in front of the steamroller, but I really think the rest just see the smooth pavement QE laid down and don't realizing that the steamroller's right behind them ready to lay down a second coat.
I had some downtime last week to re-read a few history books. And history is fascinating. Systems do change and empires fall (and sometimes rise again). What doesn't seem to change is the human fallacy that, for each generation, we are the pinnacle in terms of political, financial and scientific systems. And that has been proven wrong everytime. Before WWI, there was a widespread belief that war in Europe would never happen because they had become too civilized. After WWI, we heard "never again" (but that didn't last too long). The history of science follows a similar route.
It may be part of our biological makeup or imperative that makes most resistant or oblivious to to change. Maybe there is an biological advantage - I don't know though I would think the opposite would be true.
I know some financial advisors too and honestly - I think they just want to get out with theirs. They know something is afoot and think they can outrun the steamroller.
I just bought EPV at 37.00. Any thoughts?
All I can say is that there is a shitload of pain out there for anyone who went into this morning big and short. The only way to be in this market is out or at most very very small.
SIZE FUCKING MATTERS!
Next news, some wierd guy will find the rumor room, get in, start shooting ...
I think what the CP prove is they have the ability to keep this can kicking going on way longer than most here thought. How much longer will they keep kicking? I guess as long as they like, and then they will let it fall and replace it.
Why do you build me up, Buttercup, just to let me down?
The chart doesn't say anything; it has nothing to do with the summer of 2011. It's interday market static. If you listen to the static in between AM radio stations, pretty soon you'll hear, very faintly, a song. It will be the song you wanted to hear; this process is called delusion. It is universal in humans.
Dude at a minute by minute granularity the markets are unpredictable, but on a larger scale they are more predictable because people think in herds.
If you want to make some money on shit just look for the retrace that follows a major move and jump on it.
Who benefits from bank-created stock market surges? Apparently 401(k) plans not so much.
The average return for the typical American employee’s 401k the last two decades is less than 3.5%. – Jeff Brown, Feb. 29, 2012, The BiggerPockets Blog (real estate investing: however, you can’t find critical analysis of an industry or an investment unless you get it from a competing industry or competing investment recommendation.)
http://www.biggerpockets.com/renewsblog/2012/02/28/betting-on-your-401kira-for-retirement-youre-gambling-on-a-dead-horse/
“Fidelity Investments, the nation’s biggest 401(k) administrator, says the average account balance was $69,100 in 2011, compared with $69,400 in 2010… At midyear, it reached $72,700, the highest since Fidelity began tracking balances in 1998.” . (source : Detroit news)
Read more at http://www.savingtoinvest.com/2012/01/2011-average-401k-and-ira-returns-and-2012-performance-outlook.html#mO5OW4YTCRoOvd2M.99
Employee 401(k) accounts grew nearly 8 percent last quarter (2012) as a surging stock market boosted investment returns and worker contributions increased.
Fidelity Investments, the nation’s largest 401(k) administrator, said on Tuesday that the average balance among its nearly 12 million accountholders was $74,600 at the end of March. That’s up from $69,100 at the end of 2011.
Fidelity attributed about 80 percent of the increase to investment performance. Stocks rallied nearly 13 percent, the market’s best first-quarter performance since 1998. A broad bond market index rose just 0.3 percent. -- May 01, 2012|Mark Jewell, AP Personal Finance Writer
http://articles.boston.com/2012-05-01/business/31521648_1_average-balance-investment-returns-contributions
The median 401(k) balance was a scant $23,000 at the end of the first quarter this year (2012) among Fidelity Investments’ 11.8 million accounts…
Robert Hiltonsmith, policy analyst at Demos, said the most surprising finding was how much of a retirement balance can be lost to fees… Hiltonsmith said 401(k) funds should not be the primary place to supplement a worker’s Social Security benefits.
“The system isn’t suitable to be the main place for workers to save for retirement,” he said of 401(k) funds. “It’s not safe and it’s not low cost.” --ABC News, May 30, 2012
http://abcnews.go.com/blogs/business/2012/05/401k-fees-may-cut-30-pct-from-retirement-balance/
Thanks for that gem. Its c/p'ed to my folder.
It's the Devil's Casino!
Fuck i am short euro and long ES just by luck today. Drinks on me! Well maybe not 100% luck...
If you're long ES, you had to establish that this morning for some immmediate action, otherwise you're foolish. Risk to the downside is still far greater than risk to the upsode.
As for the Euro, you've probably been riding that winner for a while. If you went short the Euro this morning, you'd have crapped your pants at 1:25pm ET, today.
Low volume on a Summer Friday afternnon facilitates irrational and sometimes violent moves...only muppets try to chase those behaviors with any reasonable size of capital.
actually I autotraded these trades into my acct, the signal went short euro at 1.2380 (luck) and ES long opened a coupla days ago, lookin good. On the bad side I was short DAX but no size, phew.
Every Stock in the DOW up. many by > 2%, this is a painful short covering rally. The FED cannot be stopped, just get out of the way. It's steamroller time and those nickels aren't worth it.
Components for ^DJI Symbol Name Last Trade Change Volume AA Alcoa Inc. Common Stock 8.46 1:59PM EDT 0.27 (3.30%) 13,283,482 AXP American Express Company Common 58.53 1:59PM EDT 0.77 (1.33%) 2,221,651 BA Boeing Company (The) Common Sto 75.81 1:59PM EDT 0.90 (1.20%) 1,872,323 BAC Bank of America Corporation Com 7.33 1:59PM EDT 0.16 (2.21%) 86,082,772 CAT Caterpillar, Inc. Common Stock 85.84 1:59PM EDT 2.54 (3.05%) 6,642,230 CSCO Cisco Systems, Inc. 15.66 1:59PM EDT 0.28 (1.83%) 23,944,606 CVX Chevron Corporation Common Stoc 109.10 1:59PM EDT 0.83 (0.77%) 4,900,653 DD E.I. du Pont de Nemours and Com 49.78 1:59PM EDT 1.01 (2.07%) 2,434,328 DIS Walt Disney Company (The) Commo 50.36 1:59PM EDT 0.65 (1.31%) 7,988,169 GE General Electric Company Common 20.90 1:59PM EDT 0.34 (1.67%) 36,277,600 HD Home Depot, Inc. (The) Common S 53.96 1:59PM EDT 1.05 (1.98%) 4,901,597 HPQ Hewlett-Packard Company Common 18.44 1:59PM EDT 0.43 (2.39%) 9,882,722 IBM International Business Machines 196.97 1:59PM EDT 3.02 (1.56%) 2,009,466 INTC Intel Corporation 25.94 1:59PM EDT 0.44 (1.73%) 20,275,481 JNJ Johnson & Johnson Common Stock 69.53 1:59PM EDT 0.79 (1.15%) 7,509,189 JPM JP Morgan Chase & Co. Common St 36.99 1:59PM EDT 1.18 (3.30%) 28,011,046 KFT Kraft Foods Inc. 39.58 1:59PM EDT 0.20 (0.51%) 7,744,369 KO Coca-Cola Company (The) Common 79.93 1:59PM EDT 1.08 (1.37%) 3,853,768 MCD McDonald's Corporation Common S 89.07 1:59PM EDT 0.07 (0.08%) 3,268,334 MMM 3M Company Common Stock 91.90 1:59PM EDT 1.31 (1.45%) 294,749 MRK Merck & Company, Inc. Common St 45.01 1:59PM EDT 1.68 (3.88%) 14,413,804 MSFT Microsoft Corporation 29.76 1:59PM EDT 0.60 (2.06%) 23,823,876 PFE Pfizer, Inc. Common Stock 23.86 1:59PM EDT 0.38 (1.60%) 16,882,917 PG Procter & Gamble Company (The) 65.19 1:59PM EDT 0.63 (0.98%) 5,925,512 T AT&T Inc. 37.19 1:59PM EDT 0.89 (2.47%) 21,825,069 TRV The Travelers Companies, Inc. C 63.25 1:59PM EDT 1.64 (2.67%) 1,035,943 UTX United Technologies Corporation 74.49 1:59PM EDT 1.56 (2.14%) 2,867,940 VZ Verizon Communications Inc. Com 44.88 1:59PM EDT 0.42 (0.94%) 10,962,050 WMT Wal-Mart Stores, Inc. Common St 74.57 1:59PM EDT 0.90 (1.23%) 6,784,541 XOM Exxon Mobil Corporation Common 87.20 1:59PM EDT 0.68 (0.78%) 11,360,108Zero Hedge completely nailed the true story of the equity market indexes on Wednesday; and this puts in context the surges and “unsurges” that so enamor the financial media.
The full impact of the investor boycott against the Fed’s usurpation of capital markets in which “a simple WSJ scribe can move the market more than the deteriorating fundamentals of the world’s biggest company- cum-gizmo maker is best seen in trading volumes. Which as Securities Technology shows, are now down 19% in the first half of 2012. Of course, if one were to exclude the robotic presence in stock trading, which is anywhere between 50 and 70%, it would be a miracle to find any human beings still trading with each other.”
The Fed, says ZH, increases its control of capital markets every day, “and every day ordinary investors, and even habitual gamblers, realize they have had enough with participating in a rigged casino, in which the now completely meaningless and irrelevant level of the S&P or the DAX or Nikkei or the 10 Year bond is nothing but a policy tool in the global devaluation race to the inflationary bottom.”
A fantastic summary.
http://www.zerohedge.com/news/investors-punish-bernankes-take-over-markets-sending-trade-volume-19-lower-first-half-2012
This is all setting up for an epic October crash. 300 point down-day in dow coming up, followed by -200. Most likely a couple -100's after that.
you have to learn to be all keanu reeves and see all the zeros floating around. Learn to trade with one hand behind your back real fast against the algos. They just keep coming and coming. Faster faster!
yes tyler, the summer of 2011 is upon us....and it ended with NO QE3!!!!!!!.........................
.
eur/aud has also been very funky last couple of days
if you take tyler's stock market analysis and put it into practice, (100% bearish 100% of the time) then you Will LOSE all your money, ZH is ALWAYS wrong and always will be.....I dont really know why I come here any more and waste my time with this garbage analysis.....this site has no clue about how the stock market works and has a bunch of doomsday scenario losers that chime in to agree with the end of everything predictions that spewed forth everyday......what a freaking joke
You must be part of CNBC tv presenter
please, go back to CNBS, you need to scream along with cramer for a few more years.
ZH does nothing more than present facts and satiates all of our collective appetite for chart porn. Perhaps a different site would be more helpful to you.
TP my bunghole!
Does anyone see a comparison with Tulip Mania ? I was reading that at the top you could trade 1 tulip bulb for an entire estate. And at the bottom for a small onion. So I'm thinking it can go up much higher before you get an unbelievible crushing killing crash. So I am taking my own advice and staying away from the market till at least the politicians and bankers are all in jail. So forever !!! Better to buy a lottery ticket.
Not forever... the MASS ARRESTS are on the way. Sure as the sun will cross the sky, they are on the way. http://tinyurl.com/cd5cyjo/
metals wil take awhile
Metals will take a walk, watch for an un scheduled margin call this week. Do you reeeaally think they will pay you in dividends on your investment?
after the election...