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Meanwhile Over In Rates Land....
The schizophrenia is now complete.
Buy this window dressing, but that window dressing, buy insolvent currencies, buy New Jersey, buy T-Bills at negative rates. Just buy.... on margin if possible.
And General Collateral now at 0.01% only adds to the fun.. THE FUN
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Reality? We don't need no stinkin' reality!
Please! Take my money! I'll pay you!
The last time this happened dubai almost went bankrupt
My guess is someone just went bankrupt again as the peasantry we will find out over the long weekend. when no one is paying attention.
Must....buy.....consumer discretionary retard stocks.....must buy....LULU....at all time highs.....must......buy...
The cross current scalping in that group is quite noteworthy.
Flash smash instead of flash crash?
Maybe the market is sane and pricing in hyperinflation?
LOL.
Low interest rates mean the opposite thing: people are willing to lend out at a very low return in the future because they think the currency being lended will retain its value. It is not a bet on hyperinflation but rather a bet against near term inflation.
The market is rarely sane though, so in a twisted way, by taking the opposite of what you said and saying "the market is insane" and "market is pricing in low inflation" you still come to the same conclusion which you premumably came to which leads to having inflation.
Can't say that I agree with that conclusion though.
I think I'll buy some more gold today. Definitely not on margin though.
Gold is going lower with the rest of the commodity complex next month if the market slides. Keep an eye on it. July may be one of the last fire sales we see in gold for a while.
Gold leads all markets. You are thinking about it backwards. If gold falls, the markets slide, not the other way around. And gold is going higher here in a minute, and it is very cheap at $1500 per.
Suckers are now paying the largest insolvency candidate in history, to lend them money. Truly the world has gone mad...
something very bad around the corner?
Nothing like negative interest rates to give one confidence
in the economy
I think I'll buy all high beta stocks at their all time highs.
Chalk one more up for gold, at least the yields on it aren't negative.
You gotta admit, Bernanke is kicking ass right now. It looks like the end of QE2 will be the ultimate dog that never barks...
Sure, we just go from $8 billion daily injections to -0- and it all just hums along smoothly from here on out. Yea sure.
Well, I must admit I'm feeling totally caustic and sarcastic in these completely deranged, manipulated, and non-free markets. But I don't think it'll go without a bark. My thesis is that Beranke needs things to go well--somewhere in QE2--before it ends and the next round starts. So, TPTB are fighting tits right now to get stocks higher before QE2 ends and rates low.
That way, when the shit hits the fan, the Federal Reserve will look awesome to the sheeple when they can claim their success under printing money and why the next round will also save the day. There is just no way the debt doen't ultimately need to get monetized.
But leading up to that, let me tell you, is a painful thing to watch.
They need the stock market higher so that they'll have plenty of takers when the debt ceiling gets raised and the $200+B of bond issuance hits the market in a frantic effort at catchup.
Bitch slaps abound for all who try to fight Dr. Bernank. Thank god my financial advisor is Joe Weisenthal.
Im not fighting Shalom Bernank, just piling up gold (the OTHER Swiss currency) and waiting for the obvious endgame.
Confiscation?
Sorry couldnt resist.
Even if you are right, you will be wrong when TJCTFR. Wonder what the VAT will be if you're right? We live in tyranny and fascism. You can't win.
Who's Government Investment Pool is this? Can someone provide some clarity on this? I'm not 100% sure what the takeaway is here other than the fact that someone somewhere can pay people back less money than they borrow? Who is this and where are they? Is this really the T-Bill rate? If so, what maturity? Someone please help me out here, because I can't make heads or tails of just "GIP."
Maybe you can pay back your Debt with less Money but your Money will be worth less also. Kind of a wash. Don't you think.
That's not a wash, that's a double whammy for whoever is lending... also, who is going around junking every post indiscriminately?
But I digress... That still doesn't answer any of the above questions. Does anyone have any insight on this? Tyler? Anyone? Help me out here.
There should be a drop-down list on the junks, itemizing the poster-persona of each junk. TD? Please? Without that, is there any functional utility?
I don't really understand it either and would appreciate some enlightenment but it looks as goofy and smells as fishy as everything else does these days.
and it seems there are 1 or 2 serial junkers that have been on board for at least a week.
That Kayla Tauche chick on CNBS is BFU!
So, nobody knows anything about this. Ok, just checking.
Gold and the dollar just sharply changed directions.
Something is going on.
thats what I was thinking - how does that work?
Beware of ALertist warnings. Remember Chris Martenson: This is it! when the Fuk happened. Soothsayers are so dead.
Could somebody explain to me how the the hell is the XLF staying green when all the major banks that make up the ETF are red?
hey - you're not supposed to notice that
Well how the hell do we get day after day of depression-confirming data, and markets unfazed by it? All fake, thats all...and on top of that something very wicked this way comes.
China buying U. S. stocks, just like they're buying up Europe.
Per previously arranged circumstances. All the big guys are in on the Ponzi.
It's the true magic wand of the Bernake. What I've noticed, unless you have a ridiculously high conviction idea, there is no reason to go long or short any individual names since everything is correlated 1:1. It's why long/short funds are closing, it's why guys like Klarman are sending money back to investors, it's why beating manipulated markets is short periods of time is painfull and heartbreaking.....
Gotta love "the fun...THE FUN!" line.
AM SHORT! STAY SHORT! AD MORE TO SHORTS! THIS IS THE REAL FUN!
As I learned long ago . . .
Hope ain't a Plan. (The crash will be epoch.)
. . . and just for the record, Wall Street is now cheering Greek police busting heads in the streets in the same manner that people were killed last year. Wonderful world.
Hope is not a plan, to be sure, but it was the last thing left in Pandora's box.
Other than Mr. Pandora, of course.
Treasuries have a negative yield?
Something wicked this way comes...
It just goes to show the ridiculous amount of free unproductive money that is sloshing around in the system begging the TBTF to put it somewhere. Why aren't real capitalists, you know the kind that actually make things, pounding the table and asking when this crap is going to stop?
They had their chance to protest when all this free bailout crap started, but decided to take the free ride...now theyll pay the ultimate price.
Because we need Mediums to summon Henry Ford and Thomas Edison.
it isn't money, it is religion.
Some idiot is junking all the posts. What a poor excuse for a human being. And yes, negative rates, that is real positive moving forward. Keep adding to AMZN.
Some idiot is junking all the posts
The baby is frustrated that his momma hasn't cleaned out the yellow package in his diaper.
XRT now about $1 away from making new highs.
Barely sold off during this correction.
Looks like its "Animal Spirits" once again, and any fund manager who doesn't show an outsized position in NKE, LULU, CMG, AZO, etc. will surely be fired.
I like that Tyler revoked your chart and picture posting privs....now he should go the extra step and ban your worthless ass from posting at all.
Why is he factually incorrect? NO.
He actually makes some strong points.
And while he may not be agnostic on the sustainability of the stupidity that is the equity market, he is trading what is in front of him, on his timeline and making money.
We are not an echo chamber. And perish the day we ever become one.
We? Makes this place sound like some sort of organised club. Do 'we' need a slogan?
Were you thinking of something like this?:
We are the Zero Hedge Continuum. We are not in agreement. We will probably never remember. Persistence is futile.
Maybe not.
by his own admission robottrader doesn't trade. he buys and holds stocks such as hd, vz, and mo.
What's with your holy mission to discredit Robo. Everyone knows he's a TD plant whose purpose is to stir-up controversy.
Don't you realizes RoboTD never responds to existing posts or engages in discussion?
I totally disagree. Robo used to post some very nice pics.
Which means that the puke bucket [XRT] is raised , the vomiting of underlying stock is well engaged, and prices on the underlying stocks in that ETF are entirely fleeting.
Thanks for pointing it out.
http://www.youtube.com/watch?v=e5buOHjOGiI
Euro Libor yielding less than the ECB base rate. Which means there's a lot of cash parked which is too scared to do anything else. No wonder we're ripping...
All that trapped gas....we'll see a Hindenburgh replay one morning soon.
Didn't the flash crash last year happen because the market was too illiquid and what was there was toxic?
Skynet has become self aware...
BTFD.
3/31 SPX @1325.......6/30 13(SOMETHING?).
Which means that through all the this is "LEH2.0" shit that was Q2, a sputtering economy heading into outright contraction, and the end of QE2, the market on the quarter is likely to be down a whopping 2%.
Yeah for something. (LULU for being up 30% since 6/6)
I guess that a 5-yr. yield at 1.50% justifies a PE ratio of 58 for LULU??
I suppose that if the 5-yr. yield drops to 1.25%, then that will justify a PE ratio of 70, which would send LULU up to $160/share.
LOL......
Indeed, Robo. I'm gonna leave the computer for the day. When I check in tonight I'll bet the R2K it up 1.5-2% on the day with all the stellar news in the market. A 1.5% yield should at least get the R2K p/e up to 30x. We've got a ways to go in this massive bull market....
I'm never really sure if you are a raving lunatic, a massive troll or just a philosophical jester trying to apply his craft to something practical. Maybe all of the above.
Did I miss it when they uneartherd the correlation between rates and P/E?
PS care to give me a hot stock tip, maybe one that deals with redundant shit rich people buy?
Louis Vitton's up nealy 4% today.
Time to move fiat reserves from the money market to the wife's handbag.
Happy days are here again.
I'm waiting for the day when the chart resembles the Jolly Roger I drew on my SAT answer sheet. Then we'll know the time is up...
What is this? Pls explain.
thanks in advance.
Means you're screwed.