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Presenting The Ultimate Indicator Of Easy Money Access

Submitted by Tyler Durden on 07/20/2011 07:48 -0400

Forget M2, the monetary base, irrelevant Keynesian aggregates, reserve balances, and all that other mumbo jumbo. According to Sean Corrigan of Diapason, the ultimate indicator of easy money and speculative access is none other than Sotheby's share price.

Corrigan also adds the following disclaimer: "... reflecting the results of the latest World Central Banking Challenge Cup match:-Plutocrats 4 - Wage Slaves 0." We won't comment on this all too obvious observation.

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Wed, 07/20/2011 - 07:54 | 1473191 No Bid

awesome post

Wed, 07/20/2011 - 08:17 | 1473228 AD70

This BID concept was already discussed by Contrary Investor in May: http://contraryinvestor.com/2011archives/momay11.htm

Wed, 07/20/2011 - 08:37 | 1473269 No Bid

Thanks, I thought that was subscriber-only but now I see it's got a free monthly Market Observation.

Wed, 07/20/2011 - 09:20 | 1473363 WeimarRepublican

... and Marc Faber did so on January 1, 2011. Quote:

"However, what is interesting is that spikes in Sotheby’s stock price coincided with stock market peaks (2000 and 2007) and lows with stock market bottoms (2003 and 2009). I am not suggesting that Sotheby’s is a perfect stock market indicator but its stock peaks were always signaling heightened speculative activity in the stock market. (As an aside, Sotheby’s stock recent surge would indicate that stocks are already far along in up trends.)"

Wed, 07/20/2011 - 07:55 | 1473192 equity_momo

Still pumping Sean "we can power industry with green unicorns" Corrigan? At least he isnt talking about energy.

Wed, 07/20/2011 - 07:57 | 1473196 GeneMarchbanks

Wage Slaves never score points, they are the worst team ever.

Let's get rid of The Wage Slave franchise. Bankers unite.

Seriously though, bankers rule. No for real. Like, they own almost everything.

Wed, 07/20/2011 - 08:06 | 1473210 Incubus

They own everything because they're smart enough to fool the ignoramous wage slaves into thinking that they can be part of the group, too. So you have all these idiots working, paying off debts that were incurred via no risk by banks (fractional reserve usury) -- and they willingly signed up for the sanctioned playcredit so that they could peacock amongst their peers and present themselves as an imitation of success.

It's plain old human folly: "creditors" know the foolishness of men: how "base" we are. 'round and 'round and 'round we'll go—civilization after civilization. You'll educate people and they'll still only rise to their most-primitive programming; apes parading as something more—something they'll never be.

Wed, 07/20/2011 - 08:12 | 1473219 DavidC

It's our programming - man with the biggest penis or most money gets the choice of sexual mates.

Conversely (or perversely?) it's why women mey make better captains - they're less subservient to testosterone.

DavidC

Wed, 07/20/2011 - 08:45 | 1473282 Are you kidding

Please...women have so much OTHER baggage that they're NOT good at much. You REALLY want a world run by bickering, gossiping women? Really?

Wed, 07/20/2011 - 09:00 | 1473321 snowball777

Need to get laid, huh?

Wed, 07/20/2011 - 11:01 | 1473723 Hugh_Jorgan

That is what we have now, the Globalist cabal are all just male women.

Wed, 07/20/2011 - 08:18 | 1473232 GeneMarchbanks

Harsh, yet accurate. Fiat for the believers, gold for the skeptics. Pick a side.

Wed, 07/20/2011 - 08:07 | 1473213 bigdumbnugly

Translation...

wage slaves = The Washington Generals

plutocrats = The Harlem Globetrotters

complete with hilarious hijinks, paid "referees", and a guaranteed outcome.

Wed, 07/20/2011 - 08:27 | 1473245 Bicycle Repairman

Someone bounced a basketball off my head. Now I know who did it.

Wed, 07/20/2011 - 08:55 | 1473305 sdmjake

Yeah, i thought the Washington Generals were bad but this is ridiculous...

Wed, 07/20/2011 - 08:00 | 1473199 Byte Me

Doesn't lag much either.

Wed, 07/20/2011 - 08:04 | 1473205 Cassandra Syndrome

Thanks Tyler, excellent chart to illustrate bubbles and the Cantillon effect.

Wed, 07/20/2011 - 08:08 | 1473214 Oh regional Indian

That looks like a leading/lagging indicator to me.
Also, you can throw in all of Robotrader's picks and probably find the same exact picture.

Price-less market, this.
ORI

http://aadivaahan.wordpress.com/2010/07/24/value-vs-price/

Wed, 07/20/2011 - 08:19 | 1473234 Paul Thomason

The chart can only go to zero on the way down but can still go much hgher on the way up. Looks like it will head to 70 before this booble is done. I'm calling this booble 'The Peak Debt Bubble' - pretty cool eh?.

Wed, 07/20/2011 - 08:31 | 1473256 francis_sawyer

http://www.gumball.com/images/double-bubble-logo.jpg

Wed, 07/20/2011 - 08:25 | 1473238 francis_sawyer

Get your "wage slave" official t-shirt here... (wear it with pride)

http://www.crazydogtshirts.com/catalog/86harlem_alt1.jpg

Wed, 07/20/2011 - 08:31 | 1473251 css1971

Apple

Google

Lululemon Athletica (What The Fuck?)

Wed, 07/20/2011 - 08:34 | 1473265 francis_sawyer

What the...?

http://www.youtube.com/watch?v=41lTZaHMTCw&feature=related

Wed, 07/20/2011 - 08:59 | 1473316 css1971

yoga clothes & running gear for sweaty workouts

Ah, I see... Make perfect sense. Clearly moving the world forward. Not a fad at all. Clearly not a bubble. Bound to be here for generations.

BTW, I consider myself an awakened wage slave. A very pissed one, and I am going to get even, one way or another.

Confidence? Fuck your confidence.

Wed, 07/20/2011 - 08:45 | 1473280 Sudden Debt

JUST TAKE IT AWAY BOYS! ENJOY!

We'll downpay it for the next 50 generations...

Wed, 07/20/2011 - 08:52 | 1473296 Saxxon

The last two spikes are powered by mainland Chinese contemporary/antique buyers. They are stubbornly Sinocentric - with a few exceptions (e.g. Bentleys, Rolexes) they only buy Chinese. I have spent a good part of my leisure time in the last several years trying to find pieces to throw at them. When the P.R.C. corrects that spike will subside right soon.

Wed, 08/10/2011 - 19:36 | 1549065 Dirt Rat

Russian oligarchs searching for Russian trinkets and objets d'art also have some hot money.

Wed, 07/20/2011 - 08:56 | 1473308 FoieGras

Chart needs to be inflation-adjusted.

Wed, 07/20/2011 - 09:41 | 1473434 dvsteenk

and beta-adjusted

Wed, 07/20/2011 - 09:55 | 1473478 Djirk

I used to be skeptical about the FED and their price stability mandate, but when I see this chart. With the help of a largely uneducated populus they are pretty good at creating a series of bubbles....bubblicious

Wed, 07/20/2011 - 10:06 | 1473507 adr

We can call it the "reality takes a nosedive indicator" or the "Irrational Exuberance Indicator". I think I hit it on that one, perhaps we can set up an IEI ETF. Trading on irrationality could make us all billionaires!!!!

I tried telling someone who was hyping Lulu that it is impossible for them to sell the amount they claim out of 125 small stores and a website, but they said I was crazy. I said, "Do you know anyone who actually shops there?". The reply was, "No, I don't even know where to find a Lulu store." They currently have a market cap twice Under Armour and UA is sold in over 3000 doors in the US alone. Lulu has one hell of a creative accountant.

DON'T FORGET THAT THE TARGET FOR CHIPOTLE HAS BEEN RAISED TO $400!!!!

Wed, 07/20/2011 - 10:36 | 1473605 rosiescenario

Lulu

GOOG AAPL

HOG

...obviously this is a market that is very worried and expects a black swan event

Wed, 07/20/2011 - 10:38 | 1473616 rosiescenario

Lulu

GOOG AAPL

HOG

...obviously this is a market that is very worried and expects a black swan event

Wed, 07/20/2011 - 11:02 | 1473716 slewie the pi-rat

yeah, but the banksters scored all 4 by making 25% of their penalty kicks and we put 9 of the assholes in the fukin hospital

piratically, that would be a pyrrhic loss, doncha think?

Presenting The Ultimate Indicator Of Easy Money Access

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