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Volume Surges, 63% Above Average, On Way To Hit 1 Year High, 3 Days Away From All Time Longest Consecutive Down Day Record

Tyler Durden's picture




 

For all those lamenting the disappearance of stock trading volume in 2011, that would be Goldman Sachs first and foremost if only one of the stocks sold off the most wasn't GS, today you get a reprieve. In anticipation of a 9-th consecutive down day, which will be the longest losing streak since 1978, composite trading volume through 1:00 pm is about 63% above the 30 day moving average, and 30% higher through this time yesterday. Run-rating today's volume over the remaining three hours of trading would imply a whopping 12 billion shares, which would be the highest since June 25, 2010, when 13.9 billion shares traded (the catalyst being the Congressional watering down of the financial reform bill; this time the catalyst is the ending of the Ponzi). Incidentally, the longest losing streak in US markets history is 12 days, recorded in both 1941 and 1968. This means we are just three more days of Eurocontagion from making history.

 

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Wed, 08/03/2011 - 13:08 | 1521129 fuu
fuu's picture

Winning!

Wed, 08/03/2011 - 13:21 | 1521199 midtowng
midtowng's picture

Meanwhile, in the land of yellow metal...

http://af.reuters.com/article/metalsNews/idAFN1E7720GO20110803

(Reuters) - Investors who were nervous about the looming debt ceiling showdown poured $3.5 billion in July into exchange-traded funds that own gold, according to fund tracking website IndexUniverse.com.

and...

http://af.reuters.com/article/metalsNews/idAFL6E7J30EY20110803?sp=true

International Monetary Fund data for June on Wednesday showed Thailand bought gold for the second time this year, raising its reserves by nearly 19 tonnes to over 127 tonnes, while Russia bought another 5.85 tonnes, bringing its reserves to 836.7 tonnes, the world's eighth largest official stash of the metal. So far in 2011, emerging market central banks have bought nearly 180 tonnes of gold, more than double the roughly 73 tonnes purchased by central banks globally in the whole of 2010.
Wed, 08/03/2011 - 13:24 | 1521211 Cash_is_Trash
Cash_is_Trash's picture

Hundreds of Tonnes is rapidly becoming the new Trillion

Wed, 08/03/2011 - 13:29 | 1521235 fuu
fuu's picture

" So far in 2011, emerging market central banks have bought nearly 180 tonnes of gold, more than double the roughly 73 tonnes purchased by central banks globally in the whole of 2010. "

 

And that would be why the bubble talk is bullshit. Although that may just be my confirmation bias showing.

Wed, 08/03/2011 - 13:49 | 1521350 In Fed We Trust
In Fed We Trust's picture

If any of you are still dont get,

I present to you Glenn Beck in his own words " the conspiracy between the left and the right"

 

God Damn !!

 

http://www.youtube.com/watch?v=iYg-OJXapYQ

 

I recommend just listening and not watching....

Wed, 08/03/2011 - 14:00 | 1521401 EscapeKey
EscapeKey's picture

Left and Right? There's no left and right. There's a left and right illusion. A lot of arm waving and finger pointing, but that's about it.

The two parties differ in, what, 1% of their policies, at best. The 99% is focused on keeping the banker elite on top of the hierarchy.

Both Murray Rothbard and Carroll Quigley have documented this.

Wed, 08/03/2011 - 15:14 | 1521629 yipcarl
yipcarl's picture

BINGO.  it's an illusion to keep the pea brains focus detered from what's really happening.  Just like..911..Norway....JFK....MLK...... and just about everything in between.   Create the Problem, Offer the Solution.  Try it in your own life and you will become your own Genni in a bottle.   You just have to use your brain and think for a bit, most people chose not to do that, it's easier for me too.  Hence we live in a country overrun by a group of people who virtually control what we see, eat, and thus think.  Look at these endless wars I mean come on.   

Wed, 08/03/2011 - 14:37 | 1521524 macholatte
macholatte's picture

from Media Matters (Soros).

Now that's credibility YOU can believe in.    WTF.

Wed, 08/03/2011 - 23:34 | 1522867 mason5566
mason5566's picture

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Wed, 08/03/2011 - 13:08 | 1521133 patb
patb's picture

HFT?

Wed, 08/03/2011 - 13:10 | 1521141 dwdollar
dwdollar's picture

Is Benny MIA?

Wed, 08/03/2011 - 13:19 | 1521191 Cash_is_Trash
Cash_is_Trash's picture

Benny is in the print room while the chopper is getting refueled.

Ben Chinook

Wed, 08/03/2011 - 13:10 | 1521145 Cognitive Dissonance
Cognitive Dissonance's picture

This is getting fugly.

Wed, 08/03/2011 - 13:19 | 1521192 EscapeKey
EscapeKey's picture

My money's on an amazing comeback @ 1530.

Actually, it isn't. There's fuck all change I invest in the ponzi market that is the DJIA/Nasdaq.

Wed, 08/03/2011 - 13:32 | 1521248 Azannoth
Azannoth's picture

I am getting roflstomped no matter what I try, I always seem to find the worst possible moment to buy something even if it's gold or silver, I just don't care anymore, maybe I try farming potatos ^^

Wed, 08/03/2011 - 13:42 | 1521309 BobPaulson
BobPaulson's picture

Yes, long potatoes. Good call. Maybe diversify in some other non-cash crops.

Wed, 08/03/2011 - 13:10 | 1521146 ZeroPower
ZeroPower's picture

3 more days? Initial claims tomorrow, and then jobs # on friday, coupled with a weekend of false hope. Maybe Monday shall do it... maybe.

Wed, 08/03/2011 - 13:14 | 1521160 Sudden Debt
Sudden Debt's picture

And in Euroland we'll scoop some more shit on that dessert ;)

 

Can I have a few more scoops of Silver please?

 

Wed, 08/03/2011 - 13:44 | 1521320 BobPaulson
BobPaulson's picture

The false Hope we can believe in will keep pounding our asses for more than three days man.

Wed, 08/03/2011 - 13:11 | 1521148 Misean
Misean's picture

POMO = Flip bonds to Feral Reserve and buy stocks.

NoPOMO = Sell stocks hand over fist to lock in profits.

Wed, 08/03/2011 - 13:11 | 1521150 Sudden Debt
Sudden Debt's picture

GUINESS BOOK OF RECORDS!!

What a honor we get to see this :)

Yes kids, I saw it happen :)

Wed, 08/03/2011 - 13:11 | 1521151 brew
brew's picture

haircuts for all...bullish on great clips...

Wed, 08/03/2011 - 13:12 | 1521156 Mactheknife
Mactheknife's picture

Closed my SDS short and bought TBT & GDX.  Just sayin.

Wed, 08/03/2011 - 13:34 | 1521273 GiantWang
GiantWang's picture

Does TBT move up when yields move down or treasury prices?

Wed, 08/03/2011 - 13:51 | 1521356 Mactheknife
Mactheknife's picture

TBT moves up when long bond yields move up (price down).

Wed, 08/03/2011 - 14:27 | 1521500 Chip
Chip's picture

Educate me as to why you bought TBT as opposed to TLT ina risk-off environment?

Wed, 08/03/2011 - 13:12 | 1521158 buzzsaw99
buzzsaw99's picture

On the ninth day of selling my true love gave to me, 9 ladies dancing.

Wed, 08/03/2011 - 13:18 | 1521186 Sudden Debt
Sudden Debt's picture

That's one of those moments when you just can't have enough one dollar bills ;)

Wed, 08/03/2011 - 13:22 | 1521206 Cash_is_Trash
Cash_is_Trash's picture

Rising unemployment for young people

+

Lower economic prospects for college grads

+

Fracturing social structure

=

Hotter strippers! Thanks to The Hill

Wed, 08/03/2011 - 13:32 | 1521247 caerus
caerus's picture

lol

Wed, 08/03/2011 - 13:32 | 1521254 hedgeless_horseman
Wed, 08/03/2011 - 13:41 | 1521304 caerus
caerus's picture

Uncle Limpy's Hump Palace...lol

Wed, 08/03/2011 - 13:34 | 1521266 Cash_is_Trash
Cash_is_Trash's picture

You know she had a choice and blew it.

Wed, 08/03/2011 - 13:16 | 1521159 scatterbrains
scatterbrains's picture

Am I seeing the beginnings of a parabolic arch being traced out on the 10 day hourly SPY chart ?  Strap in bitches the flush is just a few hours out... or so I'm thinking

 

Edit: Actually the 15 minute bars show the slow but building arch better.

Wed, 08/03/2011 - 13:27 | 1521227 earlthepearl
earlthepearl's picture

I see it too, what time you estimate today or tomorrow?

Wed, 08/03/2011 - 13:14 | 1521166 TaxSlave
TaxSlave's picture

And don't elbow the women and children out of the way.  They get to go first.

Wed, 08/03/2011 - 13:17 | 1521173 vast-dom
vast-dom's picture

sir he threw his captain's uniform off, slapped on a wig and slipped into dress!

what? where is he?

over yonder on that there dingy......

floating away!

Wed, 08/03/2011 - 13:18 | 1521188 buzzsaw99
Wed, 08/03/2011 - 13:25 | 1521217 Dr. Engali
Dr. Engali's picture

That never gets old. :)

Wed, 08/03/2011 - 13:28 | 1521229 baby_BLYTHE
baby_BLYTHE's picture

but... this ship can't sink!

She is made of iron, sir. I assure you, she can... and she will. It is a mathematical certainty!

Wed, 08/03/2011 - 13:15 | 1521168 tickertapeguide
tickertapeguide's picture

Reversals, while they can be only temporary, typically occur on high volume...

Wed, 08/03/2011 - 13:16 | 1521175 MoneyWise
MoneyWise's picture

This move down based on nothing new, Stocks oversold
Bears will probably try again tomorrow. Nothing extraordinary on the charts as well. Copy of the 2010
drop still more room to move down to around 11370 or so
on the DJI and 11770 on SPY, that's worse case scenario.
To talk about recession, wake me up when OIL hit below $50 and Silver around $20/oz, not going to happened? That's why stocks won't drop too much. Buy the F DEEP.

Wed, 08/03/2011 - 13:24 | 1521212 drink or die
drink or die's picture

Is that you Cramer?

Wed, 08/03/2011 - 13:26 | 1521221 EscapeKey
EscapeKey's picture

What happened to Spalding, and his High-Grade Structured Credit Strategies Enhanced Leverage Master Fund?

Wed, 08/03/2011 - 13:40 | 1521294 karzai_luver
karzai_luver's picture

Robo and Spud have left for the Obama youth camp!

Election coming up lots of hope and change to learn now.

 

Wed, 08/03/2011 - 13:44 | 1521176 cbxer55
cbxer55's picture

"Incidentally, the longest losing streak in US markets history is 12 days, recorded in both 1941 and 1968. This means we are just three more days of Eurocontagion from making history."

I just read an article on MarketWatch that said the longest number of down days was 14, that ended on August 13, 1941.

In fact, the all-time record for number of days in a row in which the Dow fell appears to be 14 — a streak that ended on Aug. 13, 1941, as the rumblings of World War II were reverberating through Wall Street.

http://www.marketwatch.com/story/dows-losing-streak-now-in-ninth-day-2011-08-03?siteid=yhoof

Stocks headed for the moon in 5,4,3,2,1........

Dow has already gone from -163.4 to -3.94. Green Shoots are asproutin! I don't think we'll make ten days.

Wed, 08/03/2011 - 13:17 | 1521181 midtowng
midtowng's picture

Big volume on down days. Little volume on up days.

Sounds like the stock market is getting concentrated into the hands of only major players. The suckers are heading for the exits.

It also sounds like Spring 2008 all over again.

Wed, 08/03/2011 - 13:26 | 1521225 MoneyWise
MoneyWise's picture

Excuse me where did you see big volume?
In 2008 Market trading VOL was 3x today volume.
Volume is low. If you think Bernank will watch how
his previous 1T$ QE 1-2 goes down in flames, think
again. I know you guys love to see Market crash, so
your neighbors and friend lose all their money, because
they don't give a jack A$$ about Silver or Gold. :)))

Wed, 08/03/2011 - 13:30 | 1521241 SMG
SMG's picture

Welcome new troll!

Wed, 08/03/2011 - 13:33 | 1521255 MoneyWise
MoneyWise's picture

You are troll not me,
look Nasdaq is Green already.
Going up baby, yeap..

Wed, 08/03/2011 - 13:37 | 1521283 Cash_is_Trash
Cash_is_Trash's picture

Robo going Asian?

Thu, 08/04/2011 - 23:18 | 1525539 Rynak
Rynak's picture

Anyone who wants to know who is the troll, just check moneywise's track record :-)

http://www.zerohedge.com/users/moneywise/track

Junk away!

Wed, 08/03/2011 - 13:37 | 1521281 Bay of Pigs
Bay of Pigs's picture

Old troll, new handle.

Wed, 08/03/2011 - 16:14 | 1521844 andybev01
andybev01's picture

'Turning Japanese' perhaps?

Wed, 08/03/2011 - 17:24 | 1522064 mayhem_korner
mayhem_korner's picture

+1 The Vapors

Wed, 08/03/2011 - 13:18 | 1521189 Bay of Pigs
Bay of Pigs's picture

Looks like they're really priming the pump before Jackson Hole.

Smell of fear getting thick. The natives are getting restless.

AAAAAAAAAAAAAAAAAND action!  Queue QE3...

Wed, 08/03/2011 - 13:19 | 1521194 oobrien
oobrien's picture

I start to wonder if this plunge is the real deal.

Volume up.

9 straight days of losses.  Hasn't happened since 1978.

Is this the true ass-fucking?  Or will QE 3 save the day?

Tune in next week...

http://geraldcelente.proboards.com

Wed, 08/03/2011 - 13:19 | 1521195 JoeStocks
JoeStocks's picture

Mutual fund flows will be out after the close. It will be intereting to see what the outflows look like for last week. I wonder how many weeks in a row of outflows now??

Wed, 08/03/2011 - 13:21 | 1521201 walküre
walküre's picture

And this is supposed to be "vacation time".

Why does it feel exactly like 2008? Because it is. The banks once again are not happy and they're selling off.

triple digit S&P will get QE3 accomplished.

Wed, 08/03/2011 - 13:25 | 1521203 falak pema
falak pema's picture

Well, financial/MIC run  spectator sports are like in  the Roman coliseum these days; we throw whole nations to the lions. Greece, Ireland, Portugal, Libya, Syria, Egypt, Yemen, Tunisia, Afg/pak, Iraq...whose next to be sacrified to WS oligarchic/EU sovereign  franctic vice or to MIC desperate eleventh hour power play; as the US war budget is destined to get slashed.

Damned if you're first world plebe, damned if you're third world scum. Only the uber rich surf on the rising tide. 

Bare back power play, naked derivatives all the way. Wait till the lights go out in the back rooms if the ponzi unwinds. Then we'll see if the Oligarchs won't get their butts bundled like the rest. Sad day in black rock, which ever way.

Wed, 08/03/2011 - 13:26 | 1521209 TruthInSunshine
TruthInSunshine's picture

 

 

 

QE3 will fix everything 'cause interest rates are really high right now.

It's not like job growth, wage growth, or access to credit (none of which will happen for a helluva long time; at least until the big reset happens) are important fuel sources for consumption.

 

 

/SARC

Wed, 08/03/2011 - 13:50 | 1521351 SDRII
SDRII's picture

but the troll above said neighbors dont know d$ck about gold and silver ergo equities up. Whihc means they of course appreciate how "high" real interest rates are...

Wed, 08/03/2011 - 13:25 | 1521213 total nonsense
total nonsense's picture

I do not see this king of Volume, Can anyone confirm this?

Wed, 08/03/2011 - 13:29 | 1521234 MoneyWise
MoneyWise's picture

Exactly, those guys are clueless.. Volume is still low.

Wed, 08/03/2011 - 13:25 | 1521214 Highrev
Highrev's picture

Careful that it doesn't go positive on the day.

Wed, 08/03/2011 - 13:26 | 1521218 Milton Waddams
Milton Waddams's picture

LOL at the trumped-up 'panic'.  This is just unwinding of the ridiculous end of quarter, dumb money window-dressing rally in late June.  How come we didn't hear screaming about a bubble when the markets surged > 5% over the course of a week or so?  All the hand wringing and gnashing of teeth only underscores how the stock market is perceived as the last bastion of wealth creation in the US.  Once it goes... oh brother once it goes...

Wed, 08/03/2011 - 13:36 | 1521267 TruthInSunshine
TruthInSunshine's picture

So you're saying that 'all eyes on confetti markets' is a bad sign, and that thre rush to get a debt deal done due to fear of how asian and other markets would react if they did not, is a bad/ominous sign, and a reflection of the truth that we live in a Ponzinomics Matrix, whereby the pols and The Bernank had hoped to fool as many people for as long as possible into the CONfidence game that all was well as long as the indexes were green, even as the economy was rotting out underneath the floor of the Ponzi-Last Chance Saloon?

I agree.

I certify your post Truth Worthy.

 

But let us not fret, for QE3 will fix everything b3cause interest rates are really high right now.

It's not like job growth, wage growth, or access to credit (none of which will happen for a helluva long time; at least until the big reset happens) are important fuel sources for consumption.

 

 

/SARC

Wed, 08/03/2011 - 13:26 | 1521220 R.Temple Bligh
R.Temple Bligh's picture

Anybody notice the S&P intraday low? 1234.56

Wed, 08/03/2011 - 13:46 | 1521272 caerus
caerus's picture

that's the combination to my luggage

Spaceballs Combination

Wed, 08/03/2011 - 13:32 | 1521250 mynhair
mynhair's picture

Ramp-age!

Wed, 08/03/2011 - 13:33 | 1521260 tickertapeguide
tickertapeguide's picture

QE3 at this point would push the Dollar through support; at the QE2 announcement the dollar was much higher.  QE either needs to come in a different form or we need some more red in equities to drive the USD up before QE becomes politically palatable.  That is of course, if the fed doesn't want to destroy the dollar... 

Wed, 08/03/2011 - 13:51 | 1521263 falak pema
falak pema's picture

The lent fast lasts 40 days,  the ramadan 28 days. So why can't the WS shills fast in similar fashion?

Lose some obese meat. Cool some obscene heat.

Twenty eight days later will they see the moon crescent? Forty days later will they see the levitation?

 

Btw : QE-2 ended June 30, QE-3 looks like getting kick started any day now. So, it looks like Benocide was in Lent fasting for all of July and eary August. Time for helicopter Ben to levitate! Onward christian soldiers, its Lent time now, onward in paper printing. Here we go around the loop! Hoola hoops here again, thanks to Ben n Barry! Who wants more ice cream?

Wed, 08/03/2011 - 13:37 | 1521286 BobPaulson
BobPaulson's picture

More QE3 calls bouncing around out there. This one from Mr. Pimco. Book it.

tinyurl.com/3h7vjbt

Wed, 08/03/2011 - 13:41 | 1521293 MoneyWise
MoneyWise's picture

Besides, Volume spike and higher price now, means Bottom was BOUGHT, not sold. Watch and learn.

Check 3/16 on Daily you'll see that spike and reverse.

Wed, 08/03/2011 - 14:24 | 1521492 Abiotic Oil
Abiotic Oil's picture

PPT SpecOps.

Wed, 08/03/2011 - 13:41 | 1521299 Dr. Richard Head
Dr. Richard Head's picture

Sell in May and go away.  Sell again in August, but start in July, cuz QE3 is coming from the Bernanke guy.

Wed, 08/03/2011 - 13:42 | 1521313 Reptil
Reptil's picture

Eurocontagion? That's a bit of a stretch. LOL

Wed, 08/03/2011 - 13:43 | 1521316 MoneyWise
MoneyWise's picture

There you go... :))) Green

Wed, 08/03/2011 - 13:49 | 1521333 cbxer55
cbxer55's picture

And, ITS GREEN!!!!!

So much for the nine days!

+17.44 and heading for the moon.

Wed, 08/03/2011 - 13:55 | 1521374 falak pema
falak pema's picture

...and six pence!

Wed, 08/03/2011 - 14:38 | 1521526 fuu
fuu's picture

Aaaaand it's gone.

Wed, 08/03/2011 - 15:26 | 1521675 cbxer55
cbxer55's picture

AAAAAANNNNNNDDDDD!, Its green again! ;-)

Wed, 08/03/2011 - 15:32 | 1521688 fuu
fuu's picture

Aaaaaand it's...gr..re...uh

Wed, 08/03/2011 - 16:41 | 1521936 cbxer55
cbxer55's picture

AANNNDDDD, its a green finish. No broken records for the present time.

Wed, 08/03/2011 - 13:55 | 1521376 r101958
r101958's picture

Look at that! 120 point rally in less than an hour. Must be all the good news............

Wed, 08/03/2011 - 17:25 | 1522072 mayhem_korner
mayhem_korner's picture

Or a couple of phone calls...

Wed, 08/03/2011 - 14:03 | 1521409 oldmanagain
oldmanagain's picture

lI think the Tea Pary pledge, bought into by the Pubs, to destroy the middle class, is being taken seriously in the markets.

Selling is being led by ETF's, notice GDX and SLV under performing. which looks like public is "fed" up with the markets.

Wed, 08/03/2011 - 17:28 | 1522080 mayhem_korner
mayhem_korner's picture

Please Mr. Obama, enslave me to the middle class label forever and ever and I promise I will vote for you and any other wealth-distributing socialist you want me to!

If the Tea Party pledge is to destroy the middle class, it would be to do so by enabling everyone to elevate above it.  The only fly in that ointment is that NOT EVERYONE PUTS IN THE EFFORT TO SUCCEED.

Wed, 08/03/2011 - 14:11 | 1521439 r101958
r101958's picture

Sorry my bust! There has been good news for TBTFs. It is right above this posting on ZH (Hilsenrath: Fed's Kohn Says Will Give "Very Serious Consideration" To QE3)

and coincides almost precisely with this 'rally'.

Wed, 08/03/2011 - 14:11 | 1521442 DavosSherman
DavosSherman's picture

The Hangover-Paging Dr. Faggot!

http://www.youtube.com/watch?v=jZPk8jgnQbc

Pagin Brian P. Sack(less)

Wed, 08/03/2011 - 15:01 | 1521590 Clowns on Acid
Clowns on Acid's picture

Don't worry the US Senate and Obama are on the job ! Oh wait.actually they are on vacation...hey why didn't CNBC or Can't Lose Cramer say anything about this ?

The Democrat-controlled Senate fled the Beltway Tuesday night for a five-week summer vacation without taking action on a number of bills sent over from the House including a measure to expedite the long-delayed Keystone XL pipeline.

The 36-inch pipeline would stretch more than 1,600 miles from Alberta, Canada through several states and into Nederland, Texas.

The House measure directs President Barack Obama to make a decision by November, and is endorsed by several labor unions including the International Brotherhood of Teamsters.

The $7 billion project is privately funded, and would create $20 billion in new spending in the U.S. economy, create nearly 120,000 jobs, and generate an estimated $600 million in state and local taxes along the pipeline route, according to the Teamsters Union.

 

Wed, 08/03/2011 - 15:39 | 1521711 mmlevine
mmlevine's picture

Is there any chance to make money on the short side of the market or has that right been taken away?

Wed, 08/03/2011 - 16:11 | 1521831 andybev01
andybev01's picture

I come back from lunch and see a green close?

Their lipstick reserves must be formidable!

Wed, 08/03/2011 - 17:42 | 1522114 Zero Govt
Zero Govt's picture

"This means we are just three more days of Eurocontagion from making history."

Naughty Boy TD ...but a few days ago you were bemoaning the Germans using America as scapegoats and now you're blaming us Europeans for your record losing streak in the US markets?

Tut, tut..... we've got enough fuking problems over here without being blamed for your collapse across the pond... it's not like your Govt debt, military spending, suicide socialists, toxic property, moronic central bank, bankrupt big banks, over indebted consumers and businesses and heavy unemployment may have anything to do with it. 

They are your markets afterall.. "Own It" 


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