Eric Janszen slaps stock market with 'end of rally' call

[jtabeb]

Re: Eric Janszen slaps stock market with 'end of rally' call

Not so fast says FIRE.

From ZeroHedge.

Save this screenshot, and show it to your grandkids. They can take it to history class…if there’s even such a thing as school around at that point.



“As can be seen on the SPY IOIA screen below, JPM’s ETF desk singlehandedly manages to push market higher. It is unknown if this is for prop positions (yes Senator Corker, we know it when we see it), or flow (JPM is RenTec’s. and many other quant funds’ Prime Dealer) is unknown. What is known is that JPM indicates every single SPY offer was lifted by its sage trader.”


No, Dorothy, there is no such thing as the PPT…

You forgot to add that this was page one, OF 57!:eek:

[ASH]

Re: Eric Janszen slaps stock market with 'end of rally' call

No, Dorothy, there is no such thing as the PPT…

On the face of things, it certainly looks like JPM was trying to prevent the DJIA from closing below 10,000 this week. Was the volume thin enough for these trades to move the market?

[aaron]

Re: Eric Janszen slaps stock market with 'end of rally' call

You forgot to add that this was page one, OF 57!:eek:

How would buying an ETF (SPY) move the entire market? It does not make sense to me. I could see it driving up the price for SPY, but not the DOW index. Do purchases of an etf immediately lead to purchases of the underlying components?

[sunskyfan]

Re: Eric Janszen slaps stock market with 'end of rally' call

Not to be redundant but .... good catch ... and again ...

This isn't rocket science folks ....

on March 4, 2009 ....

http://www.youtube.com/watch?v=pVfhTPLkOj0

and January 21, 2010

http://www.youtube.com/watch?v=lUEv9-tFd64

It is not a "Stock Market" anymore .... it is a "Stock Trust"

[ASH]

Re: Eric Janszen slaps stock market with 'end of rally' call

On the face of things, it certainly looks like JPM was trying to prevent the DJIA from closing below 10,000 this week. Was the volume thin enough for these trades to move the market?

On the other hand, if this is the plunge-protection team in action, acting to prevent the market from crossing a psychological barrier, why should the DJIA be allowed to fall the following Monday?

I'm somewhat inclined to chalk this up as "suspicious shit that doesn't make a lot of sense." JPM gaming the market somehow doesn't necessarily have to be tied to a 'big picture' purpose, although I'm not sure how this particular trading activity would be a money-maker.

[ST]

Re: Eric Janszen slaps stock market with 'end of rally' call

Robert McHugh ... Interestingly, he's a deflationist when it comes to the stock market and believes there is a high risk of the entire market going to zero!

Zero? lol, Glad to see there is a market if I sell some puts for the S&P at 2.

[cindykimlisa]

Re: Eric Janszen slaps stock market with 'end of rally' call

On the other hand, if this is the plunge-protection team in action, acting to prevent the market from crossing a psychological barrier, why should the DJIA be allowed to fall the following Monday?

I'm somewhat inclined to chalk this up as "suspicious shit that doesn't make a lot of sense." JPM gaming the market somehow doesn't necessarily have to be tied to a 'big picture' purpose, although I'm not sure how this particular trading activity would be a money-maker.

Lets say we're in the 1920's in NY and the Don knows for sure that Horse number three is going to win in the 7th race. He bets horse 3 to win and makes a zillion.

Now roll up to 2010 and the Ollie knows Dow going down 150 today between 9am and 2pm and then back up 160 by 4:00pm. Do you think Ollie knows when to short and when to go long that day.

Cindy