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Much Ado About Nothing: Stocks Close Red In Undilutable Currency Terms
A massive love explosion in stocks, and what is the final result: gold outperforms. What we don't understand is why, if anyone has to put their money into a dollar devaluation indexing play, is anyone buying stocks when gold continues to outperform when the prevalent investment thesis is an acute (and more frequent) relapse of Ben Bernanke's sociopathic episodes.
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Silver [cough cough]. Gold [cough]. Excuse me.
Oil [cough] . Pardon. Foodstuffs [cough cough]. Ammo [COUGH]. Oh my goodness. Scuzi ;)
It must be going around.
Go Go Gadget POMO.
Speaking of Nic Lenoir.
The Elliott/TA traders are looking for the C=A leg completion of the SPX on the daily chart.
"After observing the price action a bit more and reflecting on the patterns, I have come to the conclusion that the market will top between 1,155 and 1,164. In that zone we have in order the top of the channel (120-minute chart) guiding the consolidation since July, the 61.8% retracement of the sell-off since April's highs, the resistance joining the 2007 tops and the 2010 tops, and the C=A of the correction start in July (daily chart)."
http://www.zerohedge.com/article/nic-lenoir-turns-bearish-conviction
Another great contrarian call by Nic Lenot.
While I certainly appreciate Nic and all his hard work, anyone who thinks you can trade these "markets" off of TA is a complete moron and fool.
When fiat money is dying and Keynesian Economics is failing, all analyses based upon events of the past are utterly useless. Learn this and survive. Ignore this and perish (financially, at least).
Absolutely correct. Looking in the rear view mirror now reveals only a view of a gold/silver avalance burying all in it's path.
Yeah, sure, but when you don't know which CB is going to engage in another bout of insanity on any given day, WTF can you do?
And please don't say "buy precious metals" because those ultimately have no fundamental valuation basis either.
Frankly, you buy everything. Equities, PMs, grains, cows, land, Cheerios, coats, boots...I could go on and on.
Have you ever seen one of those coin drops in an arcade where you drop a quarter and it rolls around inside a funnel? The funnel, as funnels are built, gets more and more narrow toward the end causing the quarter to circle faster and faster. Finally, the bottom simply drops out.
In our dying Keynesian system, the quarter was dropped in 1971. It began moving faster in the late 1970s. When the Japanese economy collapsed in 1990, the quarter moved faster still. Through the 1990s, the spiral got even tighter. Finally, in the 21st century, well...I think you get the idea.
We are now at the bottom of the funnel. Competitive devaluations, orchestrated by foolish, Keynesian-inspired central banks worldwide have brought us into the final stage where gravity finally takes hold. The spinning stops and the bottom simply drops out.
The best anyone can do is simply protect themselves and alert any friend or family member with the courage to listen. Again, buy everything. In the near term the price of everything is going much, much higher.
The end of the great Keynesian Experiment is upon us. Prepare accordingly.
Costco is selling one year's worth of meals for one person at $799.
http://www.costco.com/Browse/Product.aspx?Prodid=11487214
I agree..buy silver, buy ammo, buy gas, buy toilet paper, buy mayonnaise.
More like a turd being flushed down a toilet.
Buy precious metals. yes, you said don't say this; but I'm not good at following directions and I only tell the truth; there are no fundamental valuations; never have been; you're babbling.
MRE's and silver.
Got Gold...?
VGGCF up 17.00% today. Sorry not 20 ...
Question for those big on silver:
One of the big appeals for gold is that it's so hard to counterfeit, even for a complete layman. I.e. a layman can tell a real gold coin from a fake one fairly easily, generally by its weight.
The same's not true for silver. It has the same weight as other much cheaper alloys, and also mostly the same color (which is moot given plating anyhow).
Thus - where's the appeal for silver? Wouldn't this bring its value very low? Or is this "already factored in" to its lower-than-gold price?
There is always junk silver. Pre 64 coins would be hard to duplicate and they are easily recognizable. There is a premium over bullion but if the shtf they will spend and in increments that are useable.
precisely.
It is easy to tell a counterfeit by the ring when you flip it, which is why I only buy coins.
Also, there is less likelihood of getting fake silver because so much of it is used industrially. If there were fake silver being delivered, there would quickly be a big stink from electronics manufacturers and the like.
Right. Only a 3rd-World banana republic is going to bother to try to fake silver coins. I have seen some of their handiwork while shopping in Cambodia; looks like shit.
There are counterfeit Chinese Pandas out there but they are easily detected.
Jason Hommel debunked this. There is NOTHING special about the ring. He took a Johnson Mathey bar, tapped it and thought it was a dud. He cut it in half and it was pure silver all the way through. I saw the video on youtube.
http://www.youtube.com/watch?v=sl9xWtphiK8
Pure silver is not magnetic, in case you ever need to check.
Silver is money. Own money.
Lead being the closest and softest, magnets not helpful.
So far, silver is too cheap to be worthwhile I'd guess. I can't imagine, for instance, that there is anyone minting fake silver eagles yet.
Also, silver has a distinctive sound that other alloys cannot reproduce. I recently got a '64 dime in change at a grocery store, which I didn't notice until I dropped it in the parking lot.
Not Applicable; very similarly, I heard a pre-1964 dime hit the counter when I was getting change and immediately knew it was silver.
But my best change yet was a 1909 Lincoln penny at a liquor store on 40th and Balboa in SF.
The "appeal" is 5,000+ years of history proving that Ag is an excellent version of money for the common man. There are numerous quick tests, many of them used successfully for thousands of years, for spotting fakes. You and I may not have grown up knowning these tests as part of our everyday lives, but they are far from a "lost art". Given the need, the masses can re-learn how to keep from being fleeced. Ag's low price per oz means the profit margin for creating fakes is pretty small, and you mainly see it today for numismatic coins that carry juicier premiums. Combine all of that with societies where being caught doing so leads to extreme punishment, and you get reasonably low rates of counterfeits. Shaving coins is another matter, but then some of the worst offenders in history have been governments themselves...
History has also shown that Au, in contrast, often carries such a high value per oz that it often ends up being the money of states, princes and kings. Good for financing a caravan or building a dam, but not so handy when it comes to buying a comb or a loaf of bread.
A coin collection is not a practical retirement account; you buy the bullion at a depository and you get a deposit slip; you sell it when and as you like; and you spend currency.
Whatever interest you could earn on a 2-year bank CD.
You could have made it in the last 24 hours in many stocks.
Exhibit A:
Why buy a 10-year Treasury paying 2.4% when you could have bought Nucor yesterday, which pays 3.8% and went up 2.5% in one day?
That is why we are in a bull market.
A bull market based on what? The price of increase in a stock is offset by the reduction in dollare value. IT is a wash.
Economics, Investing, none of it makes any sense whatsoever. NOTHING professional here, you could do just as good pulling out a fucking ouiji board. NOTHING here follows anything logical.
News to those who claim to be "investors" or "economic professionals", there is no such animal. There is no such "profession". You can do the same by using monkeys throwing shit at a wall with letters written on it.
This just stinks, and you "professionals" ned to take the others in your industry to the fucking wood shed.
This is total bullshit!
You are calling the global takeover for coporations by corporations a bull market. I call it a bull shit market.
A couple of good infomercials should fix that. Can you stay up till 4 in the morning? The fed should have some good how to profit from the booming dollar green real estate market.
http://www.youtube.com/watch?v=nMMxIAn_76g&feature=fvw
I agree Robot, stocks are beginning a nice virtual Bull Market. I say virtual because the stock pump is no more than a "get out of the dollar" play that is benifiting any tangible asset.
What you should be worried about as ZeroHedge's only resident Stock Bull is the following question: what will happen to stocks if the products those companies are selling are increasingly expensive as the dollar devalues?
To dumb it down into a vastly oversimplified example: how many bottles of Johnson&Johnson baby shampoo will people buy when it's $100 per bottle?
So enjoy the ramp for now. You're living on a double edge sword. As soon as the falling dollar gooses gasoline prices the American consumer will disapear. I don't know if you've live in America or if you do if you've driven a car lately but there's a lot of land here. It's really really hard to get to the store without a car.
One?
The bottle will cost 1,000,000 dollars. It will be called eco eco friendly, (Benny can use his hedonics on it). It will be 1/2 oz size and mixed with 99.999% water.
The buyer, some rich bitch.
Seriously, on the oil, I think they have done a good job on keeping oil prices down. Did they make some deal with the saudis? Like we won't invade your country and will take care of that pesky Iran.
Gasoline usage is way down since 07/08, but prices are creeping up. It will be very interesting to see if they can keep it contained under $100.
But that didn't happen last year when the dollar was getting smacked around. Equities rallied and baby shampoo remained at 3 bucks.
Gas prices went up and so did equities.
I'm hearing the same arguments I heard last year when stocks ramped on the falling dollar. We didn't get hyperinflation. We didn't get a drop in consumer demand because gas prices ran up over 3 bucks again.
Same arguments, different year.
Um...Harry, the dollar index is going down far below the '09 low. Didn't you get the memo? Ben Bernanke needs to devalue the dollar to help the Treasury pay off all the debt they sold them. You know the Treasury and the Fed are on the same team don't you?
You really don't understand risk at all, do you? The latest round of dollar devaluation will end abruptly, you'll see a massive stock sell-off, and the usual suspects will laugh while taking profits. Dow 11,000, how is that even remotely reasonable right now other than because the dollar is tanking?
RobotTrader, who are you trying to fool? Even with that cherry picked gain in 1 day you cite, its still a LOSS in purchasing power!
really? how so? my bic mac isn't made out of gold. and just how important are "commodities" to prices of finished goods? i think if you do the math you'll see the word "labor" in there and usually at the top of the list and of course "that's you and me." needless to say "we've been rationalized." God forbid if we get rid of the minimum wage and have "normalcy defined downward even more than mere deviancy" which of course "it is the goobermint" so "they can do that if they decide to." on the other side "we're all illegal immigrants now" so "let's fire the politicians and make them illegals too." I like that! MAKES THE POLITICIANS CROSS THE BORDER IN REVERSE!
Does nobody here "get" RobotTrader?? I'm stunned how everyone thinks he some kind of permabull. He's just pointing out, for the most part, the silliness of some of these amazing stock run ups.
Excuse if I'm wrong, Robot, but you sound like you're actually bearish on the economic outlook and just playing along with what the market is throwing your way. Sounds like more people should follow that advice. Yes, the market is a joke but it's giving you opportunities.
I agree with Harry Wanger. (Did I really just type that?)
How to say, "Don't fight the tape."
It just boggles the mind the audacity of what our government is allowing the Fed to do with our money. I'm in 4X, not stocks, so my head is really about to explode.
Every day, another miracle.
"Learn to harness market volatilty with currentseas." "Light a fire under your trading. Learn how candlestick charts can help you analyze the Forex market." "Learn how to trade Forex."
For X for x for x. Wehw! Wears me out just thinking about it.
Harry, people get it. What it comes down to with Leo and Robo is that you guys seem to be rooting for extend and pretend. Which at its core is fraud and theft from savers to speculators. As Carl Fox (Bud's father) said, "I don't go to bed with no whore, and I don't wake up with no whore. That's how I live with myself. I don't know how you do it."
Some days I get to thinking Leo knows that after there is a run on Treasuries corporate bonds will spike and because paper is set to lose 33% or more annually the rise in stocks and corporate bonds will be an attractive experiment.
Robot is an idiot savant who sees technicals like Neo sees the matrix and likes porno. Just kiddin' robot!
No one in the main stream media (and thus the sheeple don't hear) care about the price in gold. To you and I it's relevant, but for election purposes and publicity, it's not even on the radar. No one gives a shit about it.
Ramp stocks, the media pumps how the economy is getting better, and Banana Ben and the Obimbo administration hope that this will make people feel better and spend. It's really that simple.
local news today, " markets higher today on an increase in bullion". they didn't even use the G word. compare this to when gold went down $10, " gold plunged today ".
msm whores.
i wonder how much for a... just thinking out loud.
10/5/10
Bernanke: "The stock market will move a lot higher once QE gets started. It is best to get on board before the train leaves the station!"
Bond Market: "Uh, we call bullshit."
one more day of POMO and then we take a breather, yes? Wondering if that means a little dollar recovery end of week.
Why would the dollar recover? Wouldn't all those benny bucks puked out today still be floating around? It's not like the FED is pulling any of those back. Not arguing just asking what would be the rational?
Because another central bank will take its turn. This is what the banksters agreed upon, this is how they are going to work their way out of their mess (or are hoping to, at least). Currencies have to devalue against something.
Great Plan. What could possibly go wrong?
Man, if I had the sequence and rotation order...
I wonder if there is some way to figure that out...
?:
it's been awhile since the pound was in the headlights...though there might be a very good reason for that under the surface.
I still say all this was orchestrated for just that reason; to keep the Pound out of the headlights. The GBP trades are just as volatile as the others are right now and just as unpredictable.
Hmmm, thanks for the tip, e.canoe. Maybe the pound will be the first to experience the payback. A retrace to 1.67 on the dollar would answer a lot of questions in that regard.
That's a major Fibonacci level and represents the neat 38.2% weak retracement. The move from here would take until the end of the year to complete and maybe a bit more.
How would that help move the Fed agenda forward? Just a ledge from which the Pound can fall? (The Japanese do that shit all the time, so it wouldn't surprise me- only this time on a grand scale...)
Dollar recovery against what, no further debasement that day? The dollar is toast, burning it more does not make it less burned.
simply put:
when "leverage" now creates "excess negative returns" and with zero capacity to incrementally tax the system as an accepted truism--- then you have a double negative. stimulate $100 and get $95 back but tax the related constituents 20% and you now have $95 X .80 = $76.00
gold is simply rising by the increase in the money supply *PLUS* the presumed negative effects of "negative value creation" or "destruction of capital" when we are this close to the edge of leverage.
so long as you can stimulate the system and create marginal value, gold drops in price. the market is telling us that we are beyond the point of value creation with additional borrowing so gold rises by "more than the incremental stimulus" amount.
there's always a right way of doing things.
Shawn Mesaros, Pamria, LLC
excellent.
Confucius say :
When too many men step on side of boat it tip over
Kent Brockman: Hordes of panicky people seem to be evacuating the town for some unknown reason. Professor, without knowing precisely what the danger is, would you say it's time for our viewers to crack each other's heads open and feast on the goo inside?
Professor: Yes I would, Kent.
Its like everything is going up except my purchasing power. :(
Of course the momentum monkeys at work will chime in with "Look how wrong you were!". I will respond back with "Do you buy your food with stocks or dollars?" The momentum monkeys will stare at me with a blank face and mutter something about me being all gloom and doom.
In the end I will never convince these folks how its all a scam but its not like we were ever living on the same planet anyways.
The Fed wants inflation via banks going out and loaning money, but as we've seen, they are keeping that money on the balance sheets. So The Fed pumps the market to draw people in and reward them with handsome profits in the hopes that they will take these profits and go buy all types of widgets. Only problem is that the retail investor has left the building.
the Fed actually can force lending by the banks without resorting to inflation targeting...if that's the goal. Sometimes i think the goal is for Ben Bernanke's "et al's" to "bring out their inner stand up comedian." Now if i would just get paid for my version...with the biggest joke being I MAKE YOU MONEY.
There is no way to "force lending by the banks" when there is no demand for loans in the marketplace. Why borrow money if you're not sure you'll have a job next month?
Our credit-based economy is taking a judo chop to the grill because J6P is worried about paying his bills. I feel like I'm just a typical guy, but I have a mortgage, home equity, 2 car payments, cable, smartphones, and utilities. For the last 10 years, I've been able to afford all that plus appliance upgrades, new wood floors, landscaping, etc., and still put money away for retirement.
Today, I'm scrambling to reduce expenditures, get out of debt, and ramp up savings. Why? Because I've lost confidence in the economy and my place in it. Since the summer of 08 my non-mortgage debt is down 50%, my savings are up 50%, and I am hedging those savings in PMs at 25%. I have been at the same job for 11 years, but I know that I could walk in to work tomorrow and get canned. I talk to people every day that rely on me for the job that I do, but they would forget me in a week if I was gone because they fear for themselves. It's scary out there. And forget trying to find a new job...I've got a position open that pays $12 an hour and MBAs are applying for it.
Long story short, the Fed cannot force anything. They can debase our currency and destroy our country and put our great-grandchildren into hock, but they can't force us to be with them or drink their kool-aid. The triumph of Western civilization is the ascendancy of the individual. I decide not to borrow more money. I decide who I want my president to be. I decide that the "leaders" of the economy are crooked and I'm gonna bet against them and preserve the little wealth that I have. I decide that the welfare of my family and friends means more than preserving the privileged lifestyles of the elite who wouldn't piss on me if I was on fire.
The American public cannot be "forced" into anything unless they capitulate. Despite reports to the contrary, I believe that we as a Nation are smarter than TPTB give us credit for.
Is the U.S. Government trying to raise dollars by selling gold via U.S. Mint?
<a href="http://catalog.usmint.gov/webapp/wcs/stores/servlet/CategoryDisplay?cata...">American Eagle Gold Proof</a>
Any guess at what the premium is going to be?
Also, as urbanryno and RobD just mentioned, the POMO is set to expire tomorrow, and they won't announce the new schedule until October 13. That is four days without the Fed intervening in US ES via FRBNY. Now with the "currency war" in all out fury putting pressure on the Dollar, how will the markets and GOLD (emphasis, not ticker) react? I am really starting to begin putting my fears of the U.S. Gov confiscating the precious metal aside, and begin acquiring physical fist-over-fist and taking a nice cruise departing from Miami and heading straight to the Cayman Islands, but preferrably Dominican Republic, where Barrick Gold has some interesting investment products for the shareholders of the Pueblo Viejo project.
Adeu
So ... bernanke and company are manipulating the market. As a result the market isn't doing what it would do given this manipulation. How is it that charts or any other technical would have any real bearing on predicting what the market will do. What bernanke and company are doing has no historic presidence.
head and shoulders, cups and saucers ... I guess I'd be more interested in knowing what bernanke had for breakfast.
I hope someone serves that prick a plate of broken glass.
Don't hate the player - hate the game. :)
Hi, Angie. You're correct to say that what the Fed and global central banks are doing has no precedence and that all of our technical indicators don't work at these extreme levels. Maybe we should stop whining and wait?
But try, please, to understand how frustrating that is for those who work almost exclusively with charts.
If I may, it sucks ass.
/:
no inflation my ass . go and see some staples prices at chinamart. those little cans of weiners cost more than a buck.
If inflation is a train, rising prices are the kaboose.
The appeal is the sterilizing quality which is being incorporated into many products.
Stickin feathers up your butt does not make you a chicken Bernanke!
More and more gold suppliers are really running out of stock now.
It's even getting pretty clear that the cheaper silver is also running out fast.(+3$ spot oz)
Means $50 dollar up days are comin! Go print your way out of that, Bernanke you damn clown!
he's called a "joker" not a "clown." Clowns are in circuses and your kids run up to them and get candy and laughs. with this guy? this is "adult humor." BIG difference.
There are metric tonnes of silver available every business day. Reality is not a coin show, or e-bay.
Today's 200 point rally was brought to you courtesy of the Dollar.
We Have Inflation...
Carbonmutant, yea inflation to be sure...but imagine the day without Bennies $5.2 billion fuel under the indexes!
No we don't. To make that assumption given the current facts is quite a stretch, actually.
You know the Fed is pumping the market...in the open, no less! Gains in an artificial Index inflated by artificial money does not mean things cost more, nor does it mean that there are more dollars chasing anything, except risk-on assets.
You're confusing trying to stop deflation with the willful act of inflation. It's damn near panic-time and it is going to be ugly. No matter what they do, it seems that everyone is either on to their game or couldn't care less about it. Neither of those is a population that can be jaw-boned much longer.
My feeling is that they are starting to really lose their grip on this thing.
:D
LOL...
orly, don't know where you live but where i do, real tangible items (like food for instance) have gone up quite considerably this past year. then again, it's emerald city, so to be expected i guess. coming to a hometown near you...
I live in Texas.
Here, the cost of most items has remained stable because we have not really experienced any of the bubbles of the northeat, southeast and west. I do not intend to portray anyone's experience other than my own. But it is it just happenstance that areas that were struck with highly inflated home prices are now experiencing a rise in all other items now that home prices are "rebounding"? Do you think that situation can last?
Actually, in general, things are cheaper lately and store prices are actually falling for the first time in years, especially beef.
When home prices begin to tumble again due to the economy, expect prices to come back in line. Once everything gets back in line, you'll be much better off.
No real inflation, just a spike due to the necessity of new money in your area.
"D
But the outflows are showing that these pds are leveraging to the hilt to create these false prices. As their "gains" grow they in turn can lever even further but nobody can sell...ever.
And what happens when Ben can no longer devalue and sends the first signal of tightening KABOOM.
That's my conclusion as well. One thing to keep in mind is that short sellers are doing much of the buying - from the levered Ibanks who forced them out with hot money. It's a game they can win as long as there are weak shorts to take out. Once they've succeeded in squeezing the last short seller, it's game over.
Chart: Gold
"Take some profits."
http://99ercharts.blogspot.com/2010/10/gold.html
Precisement!
In the very short term, I agree.
Friday's bogus BLS report will most certainly rally the $ and send gold back to 1325 or so.
Now...on the other hand...if I'm wrong and the BS BLS actually releases an accurate number...say somewhere in the neighborhood of 9.9% and -125,000 non-farm payrolls...well, then, all bets are off.
Who is finally going to give the Dow an Enema? Hope they can run really fast.
The market may indeed be in the red in gold terms, but it's green big in monthly mortgage payment terms. That's what I care about.
And yes, I am still paying my mortgage.
Technically, Tyler, the premise of this particular post is arguably incorrect. SPY up 2.01%, Au (per Kitco) up 1.95%.
Obviously the trend is pro-gold and the trend is your/our friend.
Funny.
:D
Funny x 2
That is damned funny, Geopol, but the old man should be calling them what they really are: SURVEILLANCE cameras, not "security cameras"! No camera can ensure security --- but it sure as hell can insure the destruction of privacy! Adding Orwellian redefinition to the crime only adds insult to injury.
hey start freshening up on those periodic tables. i'll be honest some stuff I did forget, but did remember that magnetic property...again I'm amazed at all of this going down..who wuddaya thunk?
Or...
It could be that gold is just another risk-on asset inflating via bubble, responding ebulliently to mo'POMO. You know, just like AAPL.
When this thing nosedives, it's gonna be wicked.
Orly
2
The government is buying the markets, or fund managers afraid to be asked "why did you miss the rally"?
Of course, when the crash comes the same fund managers will be blamed and asked "why did you invest in equities"? But, we are in instant gratification land.
The majority of retail investors have moved into safety and precious metals; they remember the sting of 2008 and Wall Street being given a blank check that their kids and grandkids will have to pay.
People are also angry, pissed off, and ready to do some hanging of politicians and bankers. Why would I give them money to gamble with in equities?
No thanks. They've cooked the golden goose of Democracy and Free Markets; currency debasement and world trade and military wars are in the cards.
That means, it is a good time to buy gold and batten down the hatches.
p.s. - Thanks for making the "CAPTCHA" math questions easier lately (or maybe I'm just getting lucky - was getting tired of -328 times what equals Pie?).
I listen to the Kudlow bafoon tonight and could not believe what i heard regarding reasons for gold rise. Dennis Gartman was on and he fail to even mention what ZEROHEDGE has been pointing out that the FED is closing in on being the 2nd largest debt holder of US Debt! He also denied the FED was monitizing the debt. PLEASE FOR THE SAKE OF GOD EXPOSE THESE FOOLS.
Gartman is a buffoon. Made his bones back at venerable, old AG Edwards, back in the day. What the buffoon fails to realize is that the old rules no longer apply. What worked for him in the 1980s fails him now.
A totally worthless relic of the old days when pit brokers and charts ruled the day.
Big guys buying stocks and little guys buying metals?
More like insiders going to cash and everyone else standing around, bewildered, wondering if they're missing out. Smart little guys are buying gold in response to the monetization, robots are buying stocks to provide liquidity to the insiders who need to book profits before this bag explodes. And then there is Price Chaser Public, gnashing its teeth in pain of lost opportunity....
Pity the "price chasers!"
The price spiral in stocks and metals seems more like a titanic political struggle rather than a bull market.
"You could have made it in the last 24 hours in many stocks.
Exhibit A:
Why buy a 10-year Treasury paying 2.4% when you could have bought Nucor yesterday, which pays 3.8% and went up 2.5% in one day?
That is why we are in a bull market."
So Robo, if and that's a big IF your beating the index this year (and I know most aren't) but I'll just give you 200 bps...then you're what, close to break even from '08's ass reaming...? I still say you're so much better off playing bond accretion (and coupon clipping)+metals with about 1/4 the volatility and about 4,5,6 fold the SPX for trailing 3+ years. Rally? Cyclical perhaps but the longer secular trend is certainly down. This thing is beyond repair, hide the women and children...
hey can someone remind me the next time we have a hindenberg omen, especially if there are a whole bunch in a row?
best contrary indicator i've ever seen : )
How many times does Jug Ears have to go on national television to bullshit us about "the recovery" before it counts as an HO?