It seems like the last 2 days have been a massive NASDAQ-TWTR pairs trade… Today saw broad stock indices best day in a month despite the early "good news is bad news" sell-off as newly minted TWTR heads towards its first bear market threshold off the highs. The Dow managed to get back to a record high close by the end of the day. Treasury prices were clubbed like a baby seal with yields jumping their most in over 4 months. Shorts were grossly squeezed today ("most shorted +2.9% vs Russell +1.1%). Gold was down 1.4% on the day (oil and copper flat) and 2% on the week. All in all – only equity markets reacted "positively" to the good news with a panic-buying-frenzy in the last 30 minutes as rates, FX, and precious metals all shifted in a "taper-on" trend…
POMO and 330RAMP took care of business today…
All you need to know about today in 2 tweets…
Stocks desperate for today's Mega POMO to begin already
— zerohedge (@zerohedge) November 8, 2013
It's 1 hour until 3:30 pm. Do you know where Ramp Capital LLC is?
— zerohedge (@zerohedge) November 8, 2013
Volume was notably lower today…
Two words – short squeeze…
Treasuries were battered to a ley technical levels…
But rates, Gold, and stocks diverged…
as PMs slid with oil flat…
Charts: Bloomberg
Bonus Chart – Another all-time low in TWTR (within 1% of a bear market…)
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via Zero Hedge http://feedproxy.google.com/~r/zerohedge/feed/~3/M2DLbs9VSZc/story01.htm Tyler Durden