Perfectly Idiotic Market

Tyler Durden's picture

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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Dollar Bill Hiccup's picture

For the moment, equities have not had a breath to see the EURUSD drop ...

slaughterer's picture

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.

The Monkey's picture

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.

flacon's picture

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. 

battle axe's picture

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...

Carl Spackler's picture

I look at the graphs, and I see Muppets getting blowtorched...a more just vision than some obese Euro clown passing gas.


Killer the Buzzard's picture

Al Gore gets on the fly's case for emitting methane without an off-setting carbon credit.

geewhiz190's picture

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

billsykes's picture

I cannot even imagine a positive article on ZH that would be some scary shit.

RockyRacoon's picture

Hey, there are plenty of positive articles:  We are positively screwed.

StychoKiller's picture

I'm positive that Au & Ag are gonna increase in value...

Cult_of_Reason's picture

They are preparing for Greece exit, but hte morons think this is risk on party.

Jake88's picture

the morons are making a ton of money

ACP's picture

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.

Neethgie's picture


Arkadaba's picture

Can't wait until


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).

ekm's picture

They are simply trying to lure suckers before the collapse starting next Wednesday after 2pm.

BKbroiler's picture

at least someone is starting to put a date on it.  Talk then, hope you're right.

MillionDollarBoner_'s picture

How do you know?

Is it you doing all this?

Stoppit! ;o)

fonzannoon's picture

EKM completely agree. The banks are scooping up treausires right here and dumping equities.

kito's picture

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...................

FRBNYrCROOKS's picture

Unreal!!! Next week will make 1932 look like a good year.

FL_Conservative's picture

There will be NO QE3 announced anytime soon, regardless what the little bitch keeps saying.

bigdumbnugly's picture

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.

FL_Conservative's picture

That's because you can't teach an algo to apply reason, only black or white.

TrainWreck1's picture

Not to worry.

Obama's superior intellect will pull us through.


FoxMulder's picture

Obama doesn't think. Somebody else makes that happen.

saturn's picture

FB! (as in fucking brilliant)

TWSceptic's picture

Or something, like a retarded monkey maybe.

tomAsss's picture

low volume >only idiots in front computer> rumor = crap :(

runlevel's picture

.006 ............................

Mr Lennon Hendrix's picture




MsCreant's picture

I have my golden lariat out...

Do you need to be roped?

LFMayor's picture

are you wearing a wonder woman bustierre?  Awesome, simply awesome!

Seorse Gorog from that Quantum Entanglement Fund. alright_.-'s picture

It's gone all batty again

Bastiat009's picture

At fist glance, I thought it was the gold chart. Well, it's not that different. 

Cone of Uncertainty's picture

Yet, stawks still grind even higher.

Great game that is being played...can I get off this ride now?

Tirpitz's picture

Options expiry?

Itch's picture

Its bullshit, keep her bid!

q99x2's picture

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.

DavidJ's picture

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.

daily bread's picture

For GS and pals, it's called "picking the low hanging fruit".

Vuke's picture

It's also a great sport.  "Stop-loss hunting."  Never a shortage of game out there.