Published on Zero Hedge (http://www.zerohedge.com)

The Fun-Durr-Mental Reason Why Stocks Are Bouncing (Again)

By Tyler Durden

Created 08/26/2015 - 12:44

[1]

Submitted by Tyler Durden [1] on 08/26/2015 12:44 -0500

Jim Cramer [2]
SPY [3]
Twitter [4]
Twitter [5]

... or why the number 119.00 is the most important in the world right now...

[6]

Quite clearly the moment USDJPY hit 119.00 it was majestically ramped - leading stocks higher just as everyone was talking about pre-margin call selling...

And this was the perfect environment for central bank manipulation....

eMini Liquidity hugging close to the lows of Monday.. $ES_F [7] $SPY [8] pic.twitter.com/vJnehmkPxo [9]

— Eric Scott Hunsader (@nanexllc) August 26, 2015 [10]

h/t @Not_Jim_Cramer

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Source URL: http://www.zerohedge.com/news/2015-08-26/fun-durr-mental-reason-why-stocks-are-bouncing-again

Links:
[1] http://www.zerohedge.com/users/tyler-durden
[2] http://www.zerohedge.com/taxonomy_vtn/term/295
[3] http://www.zerohedge.com/taxonomy_vtn/term/148
[4] http://www.zerohedge.com/taxonomy_vtn/term/8993
[5] http://www.zerohedge.com/taxonomy_vtn/term/12423
[6] http://www.zerohedge.com/sites/default/files/images/user3303/imageroot/2015/08-overflow/20150826_JPY.jpg
[7] https://twitter.com/search?q=%24ES_F&src=ctag
[8] https://twitter.com/search?q=%24SPY&src=ctag
[9] http://t.co/vJnehmkPxo
[10] https://twitter.com/nanexllc/status/636595847623405569