The New Paradigm: Drop On Big Volume, Ramp On Flat/Declining
Courtesy of Tyler Durden
No news here really. Market starts dropping: volume immediately picks up to 10 million above average. Then stocks retrace all their losses and add gains as volume flatlines, or actually decreases during the day. In the past week shorters will not short, sellers will not sell, aside from the first 30 minutes of market trading, when market volume ramps. In the meantime someone (fund managers with career risk as disclosed yesterday) is accumulating all those lifted offers as the market ploughs into the parabolic phase.

(2 votes)
on Tue, 09/15/2009 – 12:43
#69925
“my friends……” apparently Obama and McCain have become one. which would explain Obama’s newly spouted grey hair,
on Tue, 09/15/2009 – 12:45
#69934
The dollar just took a crap again. New highs for the year in EUR/USD.
on Tue, 09/15/2009 – 12:47
#69938
SEC is reportedly asking issuers and banks to share data used to rate bonds
- SEC notes that data would be shared with other credit rating agencies in order to generate unsolicited ratings
on Tue, 09/15/2009 – 12:49
#69940
It is too bad there aren’t more shorts that borrow using term stock loans, instead of demand stock loans. With demand stock loans, Rahm/Summers/etc can jawbone institutional holders to recall the stock, screwing over the shorts. With term stock loans, Rahm/Summers/etc are SOL since the lenders don’t have the power to recall the stock on demand. Even better if the collateral is held by a third party custodian, so the banks cannot apply collateral to close the trade in breach of contract.
on Tue, 09/15/2009 – 13:17
#69982
Sounds like a good idea for a start-up: to offer-facilitate such long term share borrowings that are safe from the manipulators to the retail investor…
on Tue, 09/15/2009 – 12:54
#69947
This market will need a very significant trigger to drop IMO.
I see nothing but imaginary greenshoots for a while, and retail sales actually may have had a real green shoot for a change with the +1.1%, but I don’t know what to make of those figures just yet.
It is hard to screen out the noise.
I still won’t believe recovery until the credit/debt destruction occurs but it just does not make sense to short this market.
on Tue, 09/15/2009 – 12:58
#69955
Glenn Beck gonna spill some news today.
on Tue, 09/15/2009 – 12:58
#69957
When this market caps out I hope all these idiot PM’s buying this crap with no valuation and supposedly as fiduciaries are sued personally for incompetence.
on Tue, 09/15/2009 – 13:06
#69959
Looks like the Chinese read ZH too…Gold blasted past $1002.50 a few minutes after I posted this comment. LOL!
So Mr. Vitaliy Kat-whatever-the-f--k-it-is, you didn’t forget to buy Gold, DID YOU? It just gave me more gains than all the cash-flow-income-yielding-bullshit-paper-assets I and my family have EVER owned.
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