Equities sold off today... Where was Zero hedge?

Posted on | Thursday, September 24, 2009 | No Comments

This was clearly manipulated downward, I mean my God, paper started selling before the cash open! and they sold more on the cash close! Instead they said it was normal, the hell? So it's normal when the market declines but not advances? huh?

Oddly Normal Day

Global derisking in practice. This is what a normal market should look like (and a mirror image when in reverse). Yet one can count on 2 fingers such charts over the past 3 months.

Too bad your idea of "normal" went out the window on the cash open when the 10 yr and USD increased and the spx sold off. Which would actually be "normal" even if reversed (causing SPX to rally) and has been the theme since March 10th 2009 when the Fed announced a little blurb on monetary policy going forward. You and Pisani are both 6 mo behind.... reason #8767678678 Zero Hedge is just as full of crap as CNBC

I hope tomorrow we rally and can hear about JPM buying SPY shares on "ridiculously low volume" and somehow moving it's underlying assets.

edit 1am EST : London premkt Eur catches a bid and ES is now green 5 points for a higher open tomorrow as of right now.... OMG this must be manipulated! I mean hell those relationships only work when ES goes down not up! SPY isn't even open for trade yet "Market MAGICALLY opens higher!" should be the title of tomorrow post for your site.

Say hi to Pisani for us

Zero Hedge = CNBC

Next time we'll discuss why the S&P is the bitch of global capital markets, and does what its told. Nobody gives a shit about stocks.


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