Friday was such a wild day I needed to decompress before tackling the events of the day. First let’s talk about the VIX blowout that looked like someone got caught short and completed raped.
Zerohedge posted a chat session between traders, which needs to be chronicled here, so here goes.
X: Someone got carried out of the pit in spx options 15 minutes ago
X: Utterly blown the fuck out
X: Their clearing firm literally liquidated some big market maker in Chicago hahahaha
X: Go to Ceres today
Y: Omfg
X: Someone big literally doesn’t exist anymore
X: WE’RE RUINED MORTIMER
X: It caused a huge dislocation in the vix
X: You could see them blow out ?
X: God i feel so happy now
X: (Ssssiiiippp)
Z: Someone hacked into this Boise publication and is posting redpills on their Twitter
Z: [link to Boise Weekly hacked twitter account]
Z: Is one of those degenerate leftist weekly publications so common in urban areas
X: Lol nice
Z: What’s going on with the spx?
X: Bro
X: What a lollercoaster
X: Im in cloud 9 right now
X: My old he lush trading firm blew out vs vix 32
X: Now someone else the same size did it vs 48 haha
X: Old hellish*
X: Consolidated trading blew out vs vix 32 last week
X: Verifiable true
Z: Do you know the other firm?
X: I wanna say they were the 4th largest market maker in chicago
X: Asking my friend. Trying to find out
[pictures of VIX vs /ES[H2O] on TOS]X: That dramatic rise in the vix is inconsistent with the speed and depth of the fall in sp500
X: Someone literally got liquidated around 3 eastern
X: [Z] tell them about consolidated trading
X: “Consolidated Trading was well known across Chicago as degenerate risk takers who would always maintain a short vol/gamma position regardless of market conditions. Finally bit them in the ass last week and they blew out even after the market gave them tons of opportunity to get flat or long vs vix 23”
X: [Screenshot of another chat he’s in]:
Q: Vix 52
Q: 14 day vol is 60 lol
Q: Bro
Q: Someone big in Chicago just got carried out of the pit
Q: Their clearing firm mega puking them out CAUSED A SEVEN POINT POP IN THE VIX
Q: Reversed in minutes
Q: MORTIMER WE’RE RUINED lmfao]
On top of that, and this is where things get SPOOKY, Friday was March 6th, exactly 11 years to the day the SPX bottomed at 666. By the way, try to find an article talking about SPY 666. Very hard to do. That stat is going to get memory holed by our corporate overlords. At any rate, I snagged a snippet from a CNBC article that talked about The Haines Bottom. The late Mark Haines went out on a limb and called the bottom. Terrific call.
So what’s so spooky about it, aside from the Luciferian undertones to the numerology? The 10yr treasury yield bottomed at 0.666% yesterday. Coincidence or symmetry?
Adding insult to injury, it looks like ETN shareholders of inverse treasury instrument DLBS will be sunsetted on Monday, zeroed out in XIV style. You thought it wouldn’t happen again? Shorting treasuries seemed like a good gamble after Friday’s epic drop. Those shareholders will be disappointed come Monday.
Barclays Bank PLC announced today that it received a notice from Cboe BZX Exchange, Inc. (“CBOE”) that, before market open on March 9, 2020, CBOE will suspend trading in the iPath® US Treasury Long Bond Bear ETNs $DLBS) and will commence delisting proceedings in the ETNs.
— The_Real_Fly (@The_Real_Fly) March 7, 2020
Late in the day, after the blowouts occurred, markets ran higher by a quick 600+ points on the Dow, ending the session in classic pomp fashion. Whether that was the near term bottom or not will be determined on the coronavirus news flow. One thing is still abundantly clear, chicanery is at foot.
All really fucked up and cool / weird!
It is as I have long suspected, Mr. Fly. Occult powers are at work in the markets.
Rational video on coronavirus from John Hopkins. Link fast forwards to 5 min of closing takeaways: (1) comes from bats (2) hard to stop its transmission (3) is a mild pandemic (4) no good info on mortatlity rate yet (5) is endemic, not going away (6) gov’t reactions worse than virus deserves (7) not containable, quarantining likely ineffective (8) maybe vaccine in Fall.
https://youtu.be/ZhYcbo7rqEQ?t=1436
Saw that 666 on Friday. Not sure about this time round. Different situation. Rate will not cure the virus.
Numbers will go up once kits are out. Probably another leg down.
My theory is that the type of people with the power and the desire to manipulate Treasury or S&P prices to that extent have a warped sense of humor.
11 is one of the most cool numbers there is
I’m still very curious in how all of a sudden, brokerages went to zero commissions – all at the same time, out of the blue?
All it takes is one brokerage to do it and all the rest have no other choice if they want to stay in business.
CPAC attendee tested positive for coronavirus
Too. Fucking. Delicious.
The bug is gonna kill their families too. Works better than bullets.
That’s his number all right. It is ominous, but I don’t think the rate has bottomed. We’re going negative.
And the week is already off to blood in the streets. This doesn’t feel the same as the 08/09 blood. Maybe because we are selling off in anticipation of a credit event (instead of during one) and also as many current quant models just broke.
Yikes!!
Check those futures, especially oil.
I know it’s because I bought an electric car in January.
This doesn’t look like a good week to be in the O&G business. Fuck it, I’m going on vacation so hopefully the coronavirus will kill me.
LMFAO Fuhrer Trump told everyone to buy stocks at Dow 28000. GOAT market call.
Some of the Trumpers still believe that. Oh, well, it’s their money.
80% cash. Only 20% short the Qs. Somebody kick me.
It feels like October 1987, don’t it? Bond futs are acting all December 2018 but I’m holding on to my long position for now.
Godspeed.
It feels like long term bear to me.
Had to take profit when they halted /ES. Too unreal.
Well, we haven’t seen limit downs for a while. About time.