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10 Year At 2.74%

Tyler Durden's picture




 

No commentary. The market is now officially disconnected from the economy. Expect a 1%+ close in stocks.

 

 

 

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Tue, 08/10/2010 - 14:36 | 513117 homersimpson
homersimpson's picture

WTF. Now no commentary needed.

Tue, 08/10/2010 - 15:01 | 513245 AccreditedEYE
AccreditedEYE's picture

Homer, get a clue. Go ask Grimey for help!

Mon, 08/23/2010 - 02:14 | 537027 qrs521
qrs521's picture

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Tue, 08/10/2010 - 14:37 | 513118 John McCloy
John McCloy's picture

  I say this QE is priced in. Dollars been clobbered since early July. Give it up Ben the banks are not going to lend. Do you want them to just hand out liars loans again? Isn't that what got us into this predicament.

Tue, 08/10/2010 - 14:38 | 513120 Citizen of an I...
Citizen of an IKEA World's picture

Look at that chart: it's like a ball rolling off the table.

Tue, 08/10/2010 - 14:37 | 513121 etrader
etrader's picture

julian robertson must be inside out by now.

Tue, 08/10/2010 - 14:51 | 513190 Pamela Anderson
Pamela Anderson's picture

+100 wuaha ha ha...  :)

Tue, 08/10/2010 - 14:38 | 513122 Gully Foyle
Gully Foyle's picture

President Camacho: Shit. I know shit's bad right now, with all that starving bullshit, and the dust storms, and we are running out of french fries and burrito coverings. But I got a solution.
South Carolina Representative # 1: That's what you said last time, dipshit!
South Carolina Representative # 2: Yeah, I got a solution, you're a dick! South Carolina, what's up!

Tue, 08/10/2010 - 15:06 | 513257 Hero Protagonist
Hero Protagonist's picture

Mike Judge is incredibly prescient.

Tue, 08/10/2010 - 16:34 | 513509 functionform
functionform's picture

I guess they're flagging you as junk because they haven't seen the movie?  

Tue, 08/10/2010 - 17:36 | 513686 Spaceman Spiff
Spaceman Spiff's picture

But QE has electrolytes!

Tue, 08/10/2010 - 14:37 | 513123 Crisismode
Crisismode's picture

It is time for a Jubilee.

 

.

Tue, 08/10/2010 - 16:56 | 513574 DosZap
DosZap's picture

Been a Hell of a Long time since their was a Jubilee..............

Few here would qualify.

Tue, 08/10/2010 - 14:39 | 513126 Bill Lumbergh
Bill Lumbergh's picture

Looks like "irrational exuberance" in the equity markets right now especially since nothing new was announced of unexpected significance.

Tue, 08/10/2010 - 14:54 | 513207 firstdivision
firstdivision's picture

I must admit that the equities reacted completely opposite of what I expected. I was telling people yesterday that if the Fed's do nothing then the market would tank since the markets priced in a QE2. The Fed's are just doing QE1.2 and the markets ran with it. I am flabbergasted, or more appropriately, I am Jack's confused expression.

Tue, 08/10/2010 - 15:18 | 513298 Cognitive Dissonance
Cognitive Dissonance's picture

I would wait until tomorrow before deciding if the market likes this or not. The day of the Fed decision, meaning what happens after 2:15, is simply the unwinding of initial immediate expectations. After sleeping on it overnight, and after the international markets have a look see, we shall see how the markets digest it's 2:15 meal.

Early bird special anybody? Or maybe ExLax?

Tue, 08/10/2010 - 14:40 | 513129 Racer
Racer's picture

Market? What market?

with Pickpockets Intercepting Market Prices involved?

No thanks, not for me.

Tue, 08/10/2010 - 14:40 | 513131 FLETCH
FLETCH's picture

one-legged ass kickin' contest

Tue, 08/10/2010 - 14:45 | 513161 Me XMan
Me XMan's picture

LOL!

Tue, 08/10/2010 - 14:41 | 513135 Dr. Copper
Dr. Copper's picture

Don't bitch about the SPY volume now Tyler...I see buy orders

Tue, 08/10/2010 - 14:45 | 513160 SheepDog-One
SheepDog-One's picture

Really? I dont see hardly any. I see a fat finger on the 'ramp on zero volume' button but thats about it. And BTW anyone jumping into stocks on Shalom Bernankes comments has to be an idiot. 

Tue, 08/10/2010 - 14:45 | 513164 old_turk
old_turk's picture

Real or Memorex?

Just sayin', crop circles are poppin' up everywhere.

Tue, 08/10/2010 - 14:43 | 513150 LePetomane
LePetomane's picture
World Record: Longest Balloon Squeak

http://www.youtube.com/watch?v=Gr8hugqDyv4

Tue, 08/10/2010 - 14:42 | 513151 Sudden Debt
Sudden Debt's picture

Let's all hope so Tyler, let's all hope so.

 

Tue, 08/10/2010 - 14:43 | 513154 casey13
casey13's picture

Is this the start of the parabolic top in the bond market technicians have been looking for? Once complete the entire move will be done and short treasuries should be a safe bet. The boat is looking a little crowded on the starboard side.

Tue, 08/10/2010 - 16:28 | 513497 MachoMan
MachoMan's picture

No.  This is a naked man running down the street in broad daylight.  Stop what you are doing and RUN WITH THAT MAN!  Something chasing him (incredibly scary) is quickly approaching.

Tue, 08/10/2010 - 16:38 | 513527 Clancy
Clancy's picture

genius

Tue, 08/10/2010 - 14:44 | 513156 FoodTiger
FoodTiger's picture

Good time to refi?

Tue, 08/10/2010 - 14:47 | 513175 old_turk
old_turk's picture

Yeah, unless you are holdin' out fer zero or negative amortization.

hmmm ....

Wait a minute ....

Tue, 08/10/2010 - 14:45 | 513162 realtick
realtick's picture

The idea that stock prices always have a positive correlation with yield is just plain wrong.

In fact it's disinformation.

http://i33.tinypic.com/zy7rf8.jpg

 

 

 

Tue, 08/10/2010 - 14:48 | 513176 SheepDog-One
SheepDog-One's picture

Shhh dont tell the 'bond yield technicians' LMAO

Tue, 08/10/2010 - 14:48 | 513183 gramps
gramps's picture

Wow! Look where that got us.

Tue, 08/10/2010 - 14:46 | 513171 Pedro
Pedro's picture

Is it going to be another long artificially inflated run up on the market this fall or are we going down in spite of QE?

Tue, 08/10/2010 - 14:48 | 513179 SheepDog-One
SheepDog-One's picture

Yes.

Tue, 08/10/2010 - 16:29 | 513504 MichiganMilitiaMan
MichiganMilitiaMan's picture

+1

Tue, 08/10/2010 - 16:40 | 513528 Clancy
Clancy's picture

+1

Tue, 08/10/2010 - 14:50 | 513192 old_turk
old_turk's picture

Down ... but QE is a side show.  There are bigger boogie men out just beyond the tree line.

I suspect we'll be seeing signs of those terrors in September, middle of.

Not that this has run it's course, it hasn't ... lots of more renting of sackcloth and gnashing of teeth to come.

Tue, 08/10/2010 - 17:05 | 513583 DosZap
DosZap's picture

old,

You forgot the Ashes...............and the cutting of oneself with broken pottery  chards.

Tue, 08/10/2010 - 15:58 | 513423 Thunder Dome
Thunder Dome's picture

When market rolls over it will be fast and ugly.  The kind that after the fact when you look at the chart you say to yourself 'man if I just sold a few days ago.'

 

Let the culling begin.

Tue, 08/10/2010 - 14:46 | 513174 kilroy
kilroy's picture

I think you mean to say "10YR At 2.74%", Tyler, not "10% At 2.74%"...

Tue, 08/10/2010 - 14:48 | 513184 Midasfinancas
Midasfinancas's picture

Just short the market. This spike is the end of all this bullshit. What a total JOKE this fucking market from these fucking fed...

http://www.youtube.com/watch?v=PR4tz4kqOqA&feature=player_embedded

This market will be killed today.

Tue, 08/10/2010 - 14:51 | 513191 SheepDog-One
SheepDog-One's picture

I agree with your asessment Midas, this market is just plain stupid and anyone left in it who thinks theyve got some direction pegged will surely get crushed, or is just lying as I believe, just go swimming with the Great Whites instead far less dangerous.

Tue, 08/10/2010 - 14:51 | 513195 qussl3
qussl3's picture

You'd think that after kicking the dollar to the curb, the AUD would have more of a kick.

Something smells.

Tue, 08/10/2010 - 14:58 | 513231 Mitchman
Mitchman's picture

Every major currency is down against the dollar right now.

Tue, 08/10/2010 - 15:06 | 513260 AccreditedEYE
AccreditedEYE's picture

Man, I step away for a few hours and all hell breaks loose! Let's see what magic hour will bring... perhaps a surprise.

Tue, 08/10/2010 - 15:14 | 513284 jrt
jrt's picture

Read Martin Armstrong's papers for a view of what's going on...

http://www.martinarmstrong.org/economic_projections.htm

Tue, 08/10/2010 - 15:26 | 513331 carbonmutant
carbonmutant's picture

The internals aren't buying this spike...

Tue, 08/10/2010 - 15:35 | 513357 Bold Eagle
Bold Eagle's picture

So Liberty 33 will put money in UST. I do not get how it is good news for equities. Anyone?

Tue, 08/10/2010 - 16:36 | 513518 Mentaliusanything
Mentaliusanything's picture

It just shows that Mr Chairmans tool box holds a child's Toy plastic hammer and a small screwdriver.He has nothing of any substance left without resorting to a temper tantrum in the middle of the Mall.

Your on your owe(n)

Tue, 08/10/2010 - 16:37 | 513517 docj
docj's picture

Meanwhile, in the Bizzaro World of Federal "finance" the state public employee unions get their bailout today.  $26B.  Chump change, in these days.

Gee, I remember when $26B - even by Government standards - was a lot of cash.  Ah, memories.

So it looks like John Edwards was right, and wrong.  There's actually 3 Americas.  For two of them (The Elites and Public Employees), it's "Let The Good Times Roll".  For the rest (dreaded private sector workers), this isn't a recession, it's a depression.

Tue, 08/10/2010 - 17:15 | 513634 DosZap
DosZap's picture

docj,

Been saying that for 2 yrs.................a "W" my ass.

But, appears 5k Pentagon Emp's are going.............So much for Fed Job Saftey.I think this is a FIRST for me........(outside closing bases, and kicking out lifers 2yrs before their well deserved 20).

 Many more need cleaning, would I love to pick the agencies,ONE in particular, that we should have shed LONG ago).

The $26B, is just for the Union Fudgepackers...........it's strictly BUSINESS.

Got to have that Union NEA,Popo's, and Firepersons, vote in Nov, and when the FREE interest loans hit, and Puero Rico decides to become a state 2 days from now,and Mexico is annexed( all contingent on signing up as Dems of course).

The day will be a GOOD DAY!.

Tue, 08/10/2010 - 17:39 | 513693 Hunch Trader
Hunch Trader's picture

This is not QE, just maintaining FED balance sheet size, continuing the status quo after QE1.0. Equities are a sell unless we get real QE2.0 as in more money, or real recovery starts.

 

Tue, 08/10/2010 - 20:58 | 514161 Miles Kendig
Miles Kendig's picture

Ya, these folks think they have it all worked out, but it is simply one more express elevator ride to the hell of a Pancake market....

http://www.youtube.com/watch?v=uDLQg8ZKBS8

Wed, 08/11/2010 - 01:19 | 514601 Unscarred
Unscarred's picture

'11:32'

West coast time?

Wed, 08/11/2010 - 07:32 | 514798 TumblingDice
TumblingDice's picture

Did a big player just cover his gold shorts that were priced in euros, buy dollars and use those dollars to buy treasuries? Or am I an idiot? It seems like this trade will be unwound eventually.

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