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Meanwhile, In Broken Correlation Land...

Tyler Durden's picture




 

Correlation desks = today's full retard

 

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Fri, 09/03/2010 - 10:23 | 561821 Number 156
Number 156's picture

Full retard Indeed...

(HA! I beat the "bitchez" troll posts!)

Fri, 09/03/2010 - 10:27 | 561838 stewie
stewie's picture

lol.  Troll Bitchez!

Fri, 09/03/2010 - 10:31 | 561849 Number 156
Number 156's picture

Damn right.

Fri, 09/03/2010 - 11:38 | 562086 thesapein
thesapein's picture

Better 2B a troll than a shill, whilst we all aspire to be unicorns.

Fri, 09/03/2010 - 16:39 | 562901 Number 156
Number 156's picture

Agree. At least the troll isn't playing the stooge.  

Fri, 09/03/2010 - 12:32 | 562288 stewie
stewie's picture

156, Awesome avatar BTW.

Fri, 09/03/2010 - 10:22 | 561825 NOTW777
NOTW777's picture

BLAMER in chief. destroy the country, crank the deficit and blame Bush

Fri, 09/03/2010 - 10:41 | 561878 Panafrican Funk...
Panafrican Funktron Robot's picture

It is my hope that at some point you'll see the forest for the trees and realize you're caring about exactly what they want you to care about, so that you're not caring about the stuff that's really screwing you over.

Fri, 09/03/2010 - 11:20 | 562017 NOTW777
NOTW777's picture

say what???

good grief - all these obama worshippers here on ZH.

they have ears but they cannot hear.

they read but they do not understand.

liberalism is a mental disease

Fri, 09/03/2010 - 11:41 | 562106 hound dog vigilante
hound dog vigilante's picture

Right. And the GOP is soooooooo much better.

Believing there is any difference b/t our two "parties" makes you a fool. Apologies for being harsh, but playing the R vs. D game is pointless, destructive, and stupid.

It's a one-party system - the corporate fascist party. There are some petty, meaningless differences b/t Right & Left on some social issues but these differences are dwarfed by the commonalities: for-profit warmongering, corporate-sponsored legislation & career security, out-sourcing of monetary policy to a private central bank, federal control over all aspects of citizen's lives. D's & R's share ALL of these attributes.  It's a one-party corporatocracy.

So do yourself a favor and check the partisan propaganda at the door - it flags you as a fool, and bores the rest of us who have moved on to bigger, more important issues.

 

Fri, 09/03/2010 - 11:47 | 562140 Bananamerican
Bananamerican's picture

++++

Fri, 09/03/2010 - 11:48 | 562143 thesapein
thesapein's picture

Nice, and that's just the G-rated list.

Fri, 09/03/2010 - 12:04 | 562202 paint it red ca...
paint it red call it hell's picture

two wings on the same facist bird

Fri, 09/03/2010 - 12:31 | 562279 SheepDog-One
SheepDog-One's picture

Nice post, hound dog vigilante! Even Zerohedge is infested with party 'tards. I'd figure most of these genius masters of the universe would see the simple truth that the political system is a fraud and simply a sheeple control mechanism.

Fri, 09/03/2010 - 14:51 | 562651 NOTW777
NOTW777's picture

spoken like a true sheep LOL. you defended your cult leader today - heres a cookie

Fri, 09/03/2010 - 14:42 | 562629 NOTW777
NOTW777's picture

hound dog - spoken like a good liberal. start the george soros name calling.

look at all the bugs flocking to the light, right behind you.

that koolaid will wear off sooner or later if it doesnt kill you.

you sorry yet that you voted for obama?

Fri, 09/03/2010 - 16:18 | 562854 GoinFawr
GoinFawr's picture

MB he voted for Ralph Nader.

NotWithit777, do you even read the posts before you fly off the handle with ad homs? Or are you just really that stupid?

Hounddog has a valid point, care to address it? Shit, you seem so wrapped up in the very same hero worship (albeit the other side of the coin) which you kneejerk to accuse anyone else of who attempts to talk any sense to you; I doubt you can even recall the gist of what HD wrote. I recommend you dose some ketamine (it's the new prozac dontcha know), have another smoke, reread HD's post a few more times until an embolism provides you with just enough of a moment of clarity, fleeting though it will no doubt be, to comprehend the comment beyond 'GOP is bad'. There was more to it than that, honest.

 

Fri, 09/03/2010 - 17:58 | 563026 NOTW777
NOTW777's picture

ok so you name call like him, take drugs and smoke -so

obamas a blamer, thats all he does.  apparently you like that

Thu, 09/09/2010 - 11:47 | 571866 GoinFawr
GoinFawr's picture

dup.

Thu, 09/09/2010 - 11:48 | 571886 GoinFawr
GoinFawr's picture

hunh?

-100

Stop blowing smoke up our asses and try making a modicum of sense.

Thu, 09/09/2010 - 11:47 | 571901 GoinFawr
GoinFawr's picture

trip.

Fri, 09/03/2010 - 11:45 | 562125 thesapein
thesapein's picture

Name one ZH regular who likes Bush or Obama and we will publicly flog them on the spot!

Fri, 09/03/2010 - 12:11 | 562223 All_In
All_In's picture

Well, I tell my wife all of the time that I like to beat around the bush...does that count?

Fri, 09/03/2010 - 13:45 | 562484 Hephasteus
Hephasteus's picture

I get along with Bush like a brutal homicide. I get along with Obama like a deeply suspicious child around a perverted catholic priest.

Fri, 09/03/2010 - 20:19 | 563204 suckapump
suckapump's picture

say what???

good grief - all these obama worshippers here on ZH.

they have ears but they cannot hear.

they read but they do not understand.

liberalism is a mental disease

I think you just made Panafrican Funk's point for him. Nothing in his comment indicated Obama worship. On the contrary. My guess is PF understands (as many of us do) that Obama is irrelevant. The parties are irrelevant. Liberalism is not the mental disease. Liberalism is irrelevant. The mental disease is not being able to see all of this emotionally charged partisan bickering and "debate" over "moral issues" for the red herrings they are. It's deliberate noise designed to distract from real issues as we move into election season.

Watch how much "debate" time is spent on the "ground zero mosque", abortion and other irrelevancies (including temporary and minuscule "job creation" efforts which ultimately cost 10x what they will produce), and how little is said on specific, viable strategies for addressing two things: 1) rising commodity consumption rates vs. rising production costs; and 2) governmental spending at 100%+ of GDP and at a 2:1 ratio to tax revenues. I guarantee you that you will hear lots of the former and little of the latter.

But that won't stop voters from choosing false candidates to defend irrationally entrenched opinions based on little-to-no knowledge about issues of little consequence. There's a saying that academic politics are the most vicious form of politics because the stakes are so low. We now have the same on the national stage...in a theater constructed around us to keep us arguing over inanities amongst ourselves.

Fri, 09/03/2010 - 10:22 | 561827 Ragnarok
Ragnarok's picture

ES/AUDJPY about 18pts rich.... but I'm not fighting the gov't going into the LABOR DAY long weekend.  Go ahead guys paint the tape.

Fri, 09/03/2010 - 10:28 | 561843 101 years and c...
101 years and counting's picture

Just so everyone knows, the Friday before Memorial Day was down 18 and the friday before July 4 was down 5.

No reason to think markets end green just because its a holiday W/E.

Fri, 09/03/2010 - 10:35 | 561862 Number 156
Number 156's picture

Yep.  Lets see if we get Synchronized Cliff Diving in these correlations before the end of the day.

Fri, 09/03/2010 - 12:44 | 562324 SheepDog-One
SheepDog-One's picture

Someones got to cash out of this pump for all their Hamptons long weekend parties...its just no fun for Wall Streeters without all the coke and hookers.

Fri, 09/03/2010 - 16:49 | 562905 Number 156
Number 156's picture

Its gonna be a soggy weekend in the hamptons anyway I think.

 

Fri, 09/03/2010 - 10:24 | 561831 Bigger Dickus
Bigger Dickus's picture

Long weekend+ gold down 1 percent=go long gold and long QQQQ as a hedge

Fri, 09/03/2010 - 10:26 | 561836 rubearish10
rubearish10's picture

Still in recent range and not enough to break through 1108ish...

Fri, 09/03/2010 - 10:28 | 561844 RobotTrader
RobotTrader's picture

These poor gold producers are choking on OTC derivatives foisted upon them by nefarious Canadian investment banks.  No wonder they can never make anny money.

Not looking good....

This one looks better

Las Vegas Sands at 52-week highs....

Fri, 09/03/2010 - 10:29 | 561846 Panafrican Funk...
Panafrican Funktron Robot's picture

Just to give a more specific example, BAC, C, and JPM are very highly correlated over the past month.  However, the 3,6,9,YTD, and 1 year are showing next to no correlation between the three.  This is because of materially significant differences in appropriate valuation of these companies, both from a current and forward standpoint.  Valuation has gone from only marginally relevant, to completely irrelevant.  This is the recipe for volatility spikes.

Fri, 09/03/2010 - 10:45 | 561847 Village Idiot
Village Idiot's picture

Kirk Lazarus: Everybody knows you never do a full retard.
Tugg Speedman: What do you mean?
Kirk Lazarus: Check it out. Dustin Hoffman, 'Rain Man,' look retarded, act retarded, not retarded. Count toothpicks to your cards. Autistic, sure. Not retarded. You know Tom Hanks, 'Forrest Gump.' Slow, yes. Retarded, maybe. Braces on his legs. But he charmed the pants off Nixon and won a ping-pong competition. That ain't retarded. Then there was Sean Penn in ‘I Am Sam.’ He went full retard. Left the Oscars empty-handed. You went full retard, man. Never go full retard.

 

Going for the obvious (tropic thunder) - a comedy classic IMO.

 

Fri, 09/03/2010 - 10:56 | 561926 VK
VK's picture

+ /ES Retard! Retardation rocks on

Fri, 09/03/2010 - 10:36 | 561859 nonclaim
nonclaim's picture

Check PBR, up 12%+ in 4 days on the announcement of massive dilution.

http://www.google.com/finance?q=NYSE:PBR

(Reuters) - Brazil's state-run oil company Petrobras (PBR.N) plans to sell as much as 111.63 billion reais ($64.52 billion) worth of shares in a primary offering, raising funds in one of the world's largest ever stock sales.

Now, 50% is to be acquired by the government and the other half is open to the public. Even so, the stock sale is expected to be a failure as the Brazilian government is removing law checks that prevent other State companies to participate in the stock sale.

Fri, 09/03/2010 - 11:52 | 562154 camoes
camoes's picture

Stock sale and payment of oil barrels roayalties were already expected and priced in...only royalty prices were announced and nothing outrageous...

Petrobras is about the same valuation as pre-salt discoveries, totally undervalued...but I guess companies like BP, Exxon are much better deals, right?

Check your facts 1st...

Fri, 09/03/2010 - 13:37 | 562458 nonclaim
nonclaim's picture

Your conjectures do not justify the last 4 days, dear. Current common shares will be diluted, no way around it.

http://www.google.com/finance?chdnp=0&chdd=1&chds=1&chdv=1&chvs=maximize...

Fri, 09/03/2010 - 10:35 | 561860 Instant Karma
Instant Karma's picture

Lol: from "Tropic Thunder"

Kirk Lazarus: Check it out. Dustin Hoffman, 'Rain Man,' look retarded, act retarded, not retarded. Counted toothpicks, cheated cards. Autistic, sho'. Not retarded. You know Tom Hanks, 'Forrest Gump.' Slow, yes. Retarded, maybe. Braces on his legs. But he charmed the pants off Nixon and won a ping-pong competition. That ain't retarded. Peter Sellers, "Being There." Infantile, yes. Retarded, no. You went full retard, man. Never go full retard. You don't buy that? Ask Sean Penn, 2001, "I Am Sam." Remember? Went full retard, went home empty handed..

Fri, 09/03/2010 - 10:48 | 561900 Village Idiot
Village Idiot's picture

thanks for the catch. forgot to reference the movie.

Fri, 09/03/2010 - 11:12 | 561959 plocequ1
plocequ1's picture

Don't forget Cliff Robertson in Charly. He beat Algernon and drew charts with crayons.

Fri, 09/03/2010 - 11:14 | 561988 Village Idiot
Village Idiot's picture

Cliff had the chops to pull off FR, IMHO.

Fri, 09/03/2010 - 13:20 | 562426 kathy.chamberli...
kathy.chamberlin@gmail.com's picture

You went full retard, man. Never go full retard.

OK, DOC

Fri, 09/03/2010 - 10:39 | 561873 newstreet
newstreet's picture

Like Earl, all said and done for today.

Fri, 09/03/2010 - 10:44 | 561891 Amsterdammer
Amsterdammer's picture

They also have Mr Chance back in the White House, or

the Oval Office

Fri, 09/03/2010 - 10:55 | 561921 BeerGoggles
BeerGoggles's picture

This correlation trade is broken.

The AJ correlation trade is too hard to get right without being able to rebase to 1st. Just when you think you have the ratios correct, they move in tandem. SO you're open trade of 1.3:1 is moving at 1:1 and you lose money.

Fri, 09/03/2010 - 10:54 | 561922 john_connor
john_connor's picture

Nice reversal off the upper trend line from April 26 high.

Fri, 09/03/2010 - 10:55 | 561923 Rick64
Rick64's picture

Meanwhile, In Broken Correlation Land...

Correlation desks = today's full retard

LOL. The ZH headlines are some of the best.

Fri, 09/03/2010 - 11:13 | 561984 unwashedmass
unwashedmass's picture

 

don't look now, but someone is kicking JPM in the nuts over at the Comex.

Fri, 09/03/2010 - 11:46 | 562111 Hansel
Hansel's picture

+1, w00t!  Short squeeze the short squeezers!

Fri, 09/03/2010 - 11:15 | 561992 unwashedmass
unwashedmass's picture

 

and the smoke billows from the windows of the Comex....

GO SILVER !@  Take 'em down!!!!

hit Jamie where it hurts!!!!

Fri, 09/03/2010 - 11:35 | 562066 unwashedmass
unwashedmass's picture

 

whoa...someone's weekend in the Hamptons is being ruined....could silver go over 20? Now?

is this a message from the Chinese?

Fri, 09/03/2010 - 11:41 | 562062 Threeggg
Threeggg's picture

I think the key is the price of oil

There is a glut like never seen in History

Every silo, pipeline and supertanker is filled to the brim. (same with NG)

The little problem is the economy. (Consumption)

Dollar is falling out of Favor with the Arabs

If oil falls below a certian threashold the Arabs will only want Gold for payment of their oil.

 

Damn ! I just looked at Silver   WOW!

No one fell for the takedown head fake in metals this morning.

Looking for them to rally "BIG" today ?

 

Fri, 09/03/2010 - 11:43 | 562113 chirobliss
chirobliss's picture

As my kids would say, jinx! If the economic news is really worth 60 SPOOs in three days then oil should be shooting the moon. It says to me that this is a pure equities paint job.

Fri, 09/03/2010 - 12:42 | 562315 SheepDog-One
SheepDog-One's picture

Nothing else is biting on the equities sunshine, bonds not buyin it, metals not buyin it, oil way down. Looks like a game with an unhappy ending for the stock lovers.

Fri, 09/03/2010 - 12:34 | 562293 SheepDog-One
SheepDog-One's picture

Yea Threeggg, and theyre bitching about peak oil!

Fri, 09/03/2010 - 11:36 | 562075 chirobliss
chirobliss's picture

Hmm.  Seems oil ain't comin' to this party.   Now $2 off today's high.

Fri, 09/03/2010 - 11:56 | 562167 hound dog vigilante
hound dog vigilante's picture

Oil glut evertually forces the market to treat it as a pure commodity, i.e. oil temporarily loses it's pseudo-money value, as pure supply/demand dynamics (risk) overwhelm all other variables in the equation.

And here again is a shining example of difference b/t gold & silver vs. everything else (incl. oil).

The folks who don't "get" gold & silver simply do not understand risk.

 

Fri, 09/03/2010 - 12:36 | 562298 SheepDog-One
SheepDog-One's picture

I agree, hound dog vigilante! I dont own a lot of gold and silver, but I have huge stockpiles of Silvertips, know what I mean? Just as valuable if not way more so in an economic house of cards collapse.

Fri, 09/03/2010 - 12:07 | 562209 Boilermaker
Boilermaker's picture

1100 SPX is IN THE BOOKS!

Wow, almost looks pre-scripted. 

Fri, 09/03/2010 - 12:37 | 562303 SheepDog-One
SheepDog-One's picture

So now what? Still no one buying it, zero volume, so looks like the expedition to find suckers higher either has to go out to the 'Flemish Cap' in a perfect storm hurricane, or go home empty handed.

Fri, 09/03/2010 - 13:16 | 562419 silver surfer
silver surfer's picture

 

Oh no, the machines are taking over!

http://www.ft.com/cms/s/0/b2373a36-b6c2-11df-b3dd-00144feabdc0.html

relax, lean back, close your eyes, and gently put a 100 oz silver bar on your forhead and cool down, everything's gone be alright!

 

Fri, 09/03/2010 - 13:21 | 562428 99er
99er's picture

Chart: SPX

The bus appears set to leave the station, folks. Anyone on board?

http://www.screencast.com/t/NmUyYjZm

Fri, 09/03/2010 - 13:27 | 562442 n2dark
n2dark's picture

yeap perfect entry for a short spy @ 110.60 w/ sl @ close above 111

a look at the intraday chart, around 11:09 5.3M shares barely moved it

Fri, 09/03/2010 - 13:46 | 562485 omi
omi's picture

oh, how convenient, 1205, the are looking to build a double-top and sell it down a little, looking for 92 1/2

Fri, 09/03/2010 - 16:50 | 562923 Number 156
Number 156's picture

You have to love this:

Monday, August 30, 2010

 

 

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Herry12's picture

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