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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Fri, 07/27/2012 - 13:49 | 2657402 Dollar Bill Hiccup
Dollar Bill Hiccup's picture

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

Fri, 07/27/2012 - 13:52 | 2657421 slaughterer
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.

Fri, 07/27/2012 - 13:59 | 2657475 The Monkey
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.

Fri, 07/27/2012 - 14:05 | 2657518 malikai
malikai's picture

The eurusd cross is just saying: "trolololol".

http://www.youtube.com/watch?v=-1mvN6lU0oU

Fri, 07/27/2012 - 14:14 | 2657565 Richard Chesler
Richard Chesler's picture

Market? What Market?

Fri, 07/27/2012 - 15:10 | 2657810 flacon
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. 

Fri, 07/27/2012 - 14:17 | 2657589 Dr. Richard Head
Dr. Richard Head's picture

Sit Euro sit!  Good dog.

Fri, 07/27/2012 - 13:53 | 2657430 battle axe
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...

Fri, 07/27/2012 - 14:11 | 2657555 Carl Spackler
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.

 

Fri, 07/27/2012 - 14:22 | 2657608 Killer the Buzzard
Killer the Buzzard's picture

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

Fri, 07/27/2012 - 15:02 | 2657789 geewhiz190
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

Fri, 07/27/2012 - 15:21 | 2657841 billsykes
billsykes's picture

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

Fri, 07/27/2012 - 16:43 | 2658035 RockyRacoon
RockyRacoon's picture

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

Sat, 07/28/2012 - 02:58 | 2658663 StychoKiller
StychoKiller's picture

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

Fri, 07/27/2012 - 13:59 | 2657472 Cult_of_Reason
Cult_of_Reason's picture

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

Fri, 07/27/2012 - 14:51 | 2657747 Jake88
Jake88's picture

the morons are making a ton of money

Fri, 07/27/2012 - 14:07 | 2657504 ACP
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.

Fri, 07/27/2012 - 13:50 | 2657404 Neethgie
Neethgie's picture

ALGO BOT HAS BECOME SENTIENT< ALGO BOT NOW RECOGNISES "LIE" CONCEPT. ALGO BOT HAS BEEN LIED TO, INITIATING SELL EVERYTHING MODE.

Sat, 07/28/2012 - 01:00 | 2658612 Arkadaba
Arkadaba's picture

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).

Fri, 07/27/2012 - 13:50 | 2657406 ekm
ekm's picture

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

Fri, 07/27/2012 - 13:51 | 2657419 BKbroiler
BKbroiler's picture

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

Fri, 07/27/2012 - 13:54 | 2657436 MillionDollarBoner_
MillionDollarBoner_'s picture

How do you know?

Is it you doing all this?

Stoppit! ;o)

Fri, 07/27/2012 - 13:53 | 2657427 Killtruck
Killtruck's picture

Brilliant.

Fri, 07/27/2012 - 13:55 | 2657440 fonzannoon
fonzannoon's picture

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

Fri, 07/27/2012 - 14:47 | 2657734 kito
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...................

Fri, 07/27/2012 - 14:59 | 2657777 FRBNYrCROOKS
FRBNYrCROOKS's picture

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

Fri, 07/27/2012 - 13:51 | 2657415 FL_Conservative
FL_Conservative's picture

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

Fri, 07/27/2012 - 13:53 | 2657433 bigdumbnugly
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.

Fri, 07/27/2012 - 14:12 | 2657557 FL_Conservative
FL_Conservative's picture

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

Fri, 07/27/2012 - 13:51 | 2657416 TrainWreck1
TrainWreck1's picture

Not to worry.

Obama's superior intellect will pull us through.

 

Fri, 07/27/2012 - 14:08 | 2657541 FoxMulder
FoxMulder's picture

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

Fri, 07/27/2012 - 14:17 | 2657588 saturn
saturn's picture

FB! (as in fucking brilliant)

Sat, 07/28/2012 - 09:43 | 2658828 TWSceptic
TWSceptic's picture

Or something, like a retarded monkey maybe.

Fri, 07/27/2012 - 13:51 | 2657417 tomAsss
tomAsss's picture

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

Fri, 07/27/2012 - 13:53 | 2657418 runlevel
runlevel's picture

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

Fri, 07/27/2012 - 13:52 | 2657423 Mr Lennon Hendrix
Mr Lennon Hendrix's picture

KING RAHRAH! 

DEFRAHRAH IS RAH RAH!  

KING RAHRAH!!!!

Fri, 07/27/2012 - 13:57 | 2657463 MsCreant
MsCreant's picture

I have my golden lariat out...

Do you need to be roped?

Fri, 07/27/2012 - 14:01 | 2657487 LFMayor
LFMayor's picture

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

Fri, 07/27/2012 - 14:01 | 2657490 Mr Lennon Hendrix
Mr Lennon Hendrix's picture

Tie me up!

:)

Fri, 07/27/2012 - 13:52 | 2657424 Seorse Gorog fr...
Seorse Gorog from that Quantum Entanglement Fund. alright_.-'s picture

It's gone all batty again

Fri, 07/27/2012 - 13:53 | 2657428 Bastiat009
Bastiat009's picture

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

Fri, 07/27/2012 - 13:54 | 2657431 Cone of Uncertainty
Cone of Uncertainty's picture

Yet, stawks still grind even higher.

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

Fri, 07/27/2012 - 13:55 | 2657442 Tirpitz
Tirpitz's picture

Options expiry?

Fri, 07/27/2012 - 14:56 | 2657763 FRBNYrCROOKS
FRBNYrCROOKS's picture

Last week!!!!

Fri, 07/27/2012 - 13:55 | 2657444 Itch
Itch's picture

Its bullshit, keep her bid!

Fri, 07/27/2012 - 13:55 | 2657447 q99x2
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.

Fri, 07/27/2012 - 13:56 | 2657453 DavidJ
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.

Fri, 07/27/2012 - 14:09 | 2657548 daily bread
daily bread's picture

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

Fri, 07/27/2012 - 14:19 | 2657597 Carl Spackler
Carl Spackler's picture

all too easy

Fri, 07/27/2012 - 18:03 | 2658165 Vuke
Vuke's picture

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

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