This page has been archived and commenting is disabled.

RANsquawk 'US Market Wrap' - 23/05/12

RANSquawk Video's picture




 

 

- advertisements -

Comment viewing options

Select your preferred way to display the comments and click "Save settings" to activate your changes.
Wed, 05/23/2012 - 16:08 | 2456396 Fleecer
Fleecer's picture

PPT does it again.

Wed, 05/23/2012 - 16:10 | 2456402 SheepDog-One
SheepDog-One's picture

Must be REALLY fucking bad out there for this kind of clown show stuff.

Wed, 05/23/2012 - 16:15 | 2456424 Pladizow
Pladizow's picture

Dow closes down 6.66 - dum, dum duuuummmm!

Wed, 05/23/2012 - 16:15 | 2456426 Clueless Economist
Clueless Economist's picture

Not at all messed up.  Jim Cramer says that if it were not for Europe, US Stocks would be at all time highs.

He says USA is in fantastic shape, based on the number of people he sees eating at Chipoltes.

 

Wed, 05/23/2012 - 16:18 | 2456434 ACP
ACP's picture

The pattern of the last few weeks looks like a miniature version of what happened last August. Like the algos are using that as a template.

Usually no one writes in the RAN squawk section. I guess everyone was waiting for Tyler to post a blurb on the afternoon ramp.

Wed, 05/23/2012 - 16:18 | 2456442 Fleecer
Fleecer's picture

"it's not a pyramid scheme... is a BTFD scheme."

Really jonesin' for the ZH private-screening of 'BTFD II'

Wed, 05/23/2012 - 16:09 | 2456397 Calidreaming
Calidreaming's picture

WTF : If the market opens up dow + 100 pts  it slowly melts up till close.

             If the market opens down -100, it has a 60 % chance of reversing by end of day.

 

Its fucked up.  Greece , euro implosion and dow 5k cant come soon enough for me- end this fucking game now

Wed, 05/23/2012 - 16:16 | 2456430 Bam_Man
Bam_Man's picture

It's not a "market" as we used to know it.

Now it's just Hedge Funds and HFT algos pushing each other around.

The "tell" is that the stock of the most "Valuable Company in the World" routinely moves 3%-5% intraday. That is not normal and something that was never seen in the past when it was a "real" market.

Wed, 05/23/2012 - 16:12 | 2456413 pcrotty41@hotma...
pcrotty41@hotmail.com's picture

Hope no one was short out there today....ouch...what touched off that algo firestorm?

Wed, 05/23/2012 - 16:18 | 2456439 GrinandBearit
GrinandBearit's picture

CNBC:  "Stocks claw back in final half-hour as French, Italian leaders agree to consider all measures to boost european growth"

Wed, 05/23/2012 - 16:20 | 2456451 Angel Face
Angel Face's picture

Which doesn't mean jack shit if the Germans aren't on board.

Wed, 05/23/2012 - 16:22 | 2456459 GrinandBearit
GrinandBearit's picture

The algos don't care about Germans.

Wed, 05/23/2012 - 16:32 | 2456505 bdc63
bdc63's picture

that's a fact, jack

Wed, 05/23/2012 - 16:20 | 2456454 bdc63
bdc63's picture

the only way to play this market is with tight stops -- but there is money to be made

Wed, 05/23/2012 - 16:23 | 2456463 Bam_Man
Bam_Man's picture

Oh yes, there is definitely money to be made - but not by you, me or anyone else commenting here.

Wed, 05/23/2012 - 16:31 | 2456497 bdc63
bdc63's picture

I've managed to put together a couple of good days in a row ... sold my EUO yesterday, and SKF today before the market melt up (thanks to a tight stop).  I'm not setting the world on fire, but I'm holding my own.

Wed, 05/23/2012 - 16:15 | 2456416 bdc63
bdc63's picture

DOW closes down 6.66

Half the people that read this site have just grabbed their 'buggout' bag and headed to an undisclosed location ...

Wed, 05/23/2012 - 16:15 | 2456425 GrinandBearit
GrinandBearit's picture

Pissant Pisani going nuts! ..."What a day for the bulls!" - yada yada yada.

I'm glad I do not trade this market.  It drives me nuts just watching it.

Wed, 05/23/2012 - 16:15 | 2456428 e-man
e-man's picture

Today's action proves that the Magic Market Fairy can fix anything.  If you just close your eyes really tight and  believe with all your might.  Throw those stupid charts, fundamentals and analyses away, Magic Market Fairy has it all under control.

THANKS MAGIC MARKET FAIRY! 

Wed, 05/23/2012 - 16:17 | 2456435 Calidreaming
Calidreaming's picture

Its amazing that on a big up day- It never ever ever ever ever REVERSES-BUT SLOWLY CREEPS UP.  On a big down day-  go fucking long at lunch time and you could be a hero. It doesnt make sense.

Wed, 05/23/2012 - 16:19 | 2456446 GrinandBearit
GrinandBearit's picture

Now all you gotta do is trade what doesn't make sense and you'll be rich.

Wed, 05/23/2012 - 16:21 | 2456455 Rathmullan
Rathmullan's picture

Yep, that noonish decoupling when europe fades along with that 3ish trader blow break works wonders 

Wed, 05/23/2012 - 16:18 | 2456438 Angel Face
Angel Face's picture

WTF, over?

Wed, 05/23/2012 - 16:20 | 2456447 Calidreaming
Calidreaming's picture

Pisani is a stupid dick

Rick Santelli for president!

Wed, 05/23/2012 - 16:22 | 2456460 Ness.
Ness.'s picture

A little Iron Maiden in 'honor' of this shit show of a 'market'.

 

The number of the Beast

 

 

http://www.youtube.com/watch?v=LSPirTVKm9U

Wed, 05/23/2012 - 16:29 | 2456476 Lore
Lore's picture

No offense, but this has to be the slowest, most laggy vid stream I've seen in a very long time. Weird.

Do NOT follow this link or you will be banned from the site!