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Latest Bout Of Stock Schizophrenia Strikes As 10 Year Drops Back Below 3%
Nothing much to be said here. Stocks are broken for yet another day, as correlation 101 fails as expected due to the most recent attempt to ramp stocks regardless of anything and everything. Oh, guess where volume is... Laughable. At this point nobody, absolutely nobody in stock land dares to take on the Fed, even as the bond vigilantes rumble in their sleep.
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Want to bet ESU0 closes below 1098 today?
its too easy for the PPT to prop this bitch up on such low volume
Too many divergences on top of bond yields:
CL
AAPL, GS, INTC, FCX, SBUX
Major sell-off in the last hour IMO
Also Arch Crawford predicts:
JULY 26 = Monday = ALL HELL BREAKS LOOSE = Seven planetary harmonics by 1:04pm EDT. Revolt-Revolution-Strikes!
JULY 29-30 = Mars enters Libra & opposes Uranus at Zero Aries, Sun contra-parallel Pluto = More Revolution – Outright WAR!
i fear the combination of meltup monday + ppt will prove stronger than crawford's today
Dude: Could you return Fri or Sat to let us know if this bit of info from old Archie was worth posting?
Dude,
If you follow his Bradley Model, we should be sliding downhill faster than food thru a minah bird... I think that I detect your tongue firmly planted in your cheek...
LDT, I think you're right. Internals are unimpressive to say the least. 2 year isn't soaring above 0.60% either...
its too easy for the PPT to prop this bitch up on such low volume
...and their sock puppet Reuters reports "economic optimism".
Sales of new U.S. single-family homes jumped 23.6 percent from a downwardly revised 267,000 units in May, government data showed on Monday, driving the number of houses on the market to their lowest level in nearly 42 years.
Meanwhile, back at the numbers plant this past weekend...
he worries. June single family home sales aren’t performing like his boss said they would. “It was only at 330,000 and last month’s news was bad at 300,000. Hmmm. If we take some of that reduction out of the limbo column and change last month by 10% percent or so…here, (eraser wiggling) make it 11 percent so it doesn’t look funny. There. That ‘s it! Now look how good June looks. Time for that BBQ at Paulsen’s place.
I'd bet you a virtual six pack the close is 1098 or higher.. but my real money says otherwise...
I wish it would!
What do bond prices have to do with stock price? Stocks are in 401k's and baby boomers are getting nervous.
Exactly. As the boomers continue to move money FROM equities TO bonds, one would expect equities to fall. But no, despite the massive withdrawal of money out of equities, they continue to melt up on absolutely horrible economic news.
not everyone goes to bonds. i've been buying gold and silver bullion with my cash. i am getting out of this market ......
wow...
I live in a padded room. They let me bang on the keyboard with my nose a couple times a day.
Big surprise... most of the big players are on vacation. No one wants to commit big before and during their holidays. Still I expect a big splat by the S&P500 in Sept. and Oct. as most players start to realize just how f@cked we really are.
Heard this last year.
The little players are the ones sitting out this dance.
Ah yes, another day, another ass to mouth wealth transfer for the global citizens of this Ponzi Scheme.
ahhh....another common sewer like my self.
(for those without the wit the play on words is "connoisseur," most will understand, but I am bound by the strictures of my professional to explain the dastardly plot to the entire television audience, not just to the caped crusader.)
banksters control every tick of every security in a never-ending quest to steal everyone's money
well, never-ending until they've finally actually stolen every last dollar
afterwhich they'll probably fire off a few nukes to eliminate burdensome-because-broke populace
Devalue and inflate trade is on ZH brothers and sisters....
Yes. The market is up. Break out the war charts.
15 min/ES breaking support as traders pull back.
SPX unable to penetrate 200MA
that's it. i'm doubling down on vix 8/18 $30 calls. this market makes no sense. grumble grumble...
Just keep your hands and feet away from the PPT's mouth...
I look at the ^TNX on a 2 year chart and it appears to be leading the S&P 500 by almost 8 months, so, seeing them move in opposite directions right now is no surprise.
There is some rational basis for this meltup, even if it looks illogical on its face. If you value the market in something other than dollars the current "recovery" in July doesn't look so pretty. Dollar is down about as much as the market is up for July.
The dollar is back down to where it was before the May 6 flash crash. Since June it's been dropping faster than it had since early 2009 (the beginning of the meltup). If it keeps falling like this, the stock market will go up nominally even if it's standing still in non-dollar valuation.
This may be the second quarter of 2009 all over again -- an awesome crash disappears due to a diving dollar, and the bears are left confused wondering what the hell happened.
Euro swap lines open?
Rotating through the eur/usd, eur/jpy and usd/jpy 4-hour charts hints at some interesting corrolations.
The Fed has unlimited funds, 'printed' from nothing but a few clicks of the keyboard and a mouse click. Perhaps with $1,000,000,000 having an intrinsic value of 0.005 cents. How can someone not able to conduct the same massive fraud be able to compete? Good to know that volume is low and hopefully one day everyone just lets the HFT computers and Fed bash it out.
The all powerful PPT "let" the markets drop in April. It was horrible, and still they "let" it happen. Doesn't that interest anyone? Why would they do so if they were in fact all powerful? They have limits.
Big short opportunity coming real soon. Then, probably another ramp job. LOL
When that happens, WOO, WOO! Everybody get aboard the train, cause Ben's driving full throttle.
Dr. Strangemarket, Or: How I Learned to Stop Worrying and Love the Ramp Job.
Then again, if they ramp the market back up to the April highs, I will have to acknowledge that any limits they have are irrelevant.
Stocks are a better buy than bonds.
The schizo behaviour is in the people who are buying 10-years at 3% or below.
unless one simply looks at japan's supper dupper yield of....... 0%
This appears irrational to us stock buyers who put any valuation into the stocks. To the HFTs, it makes perfect sense as they print money whether the market moves up or down. The casino works for the mob and robs everyone else.
The Treasury, Adminstration and Fed can ill afford to allow the S&P, Dow, ect to drop before the next election. Once the republicans gain in the Senate and House in November I am sure the Indexes will drop. FYI I am neither a Republican or Democrat.
Were back to where we started in january! of 2000 and 2010.
"They" have no limits. But OTOH, if you work for/run GS and you own no stock in GS, you're better off getting new options at low prices. So it works for God's workers et al to have low prices alt w high ones.
EURO buying support mentioned since June continues and further upside is expected.
http://stockmarket618.wordpress.com