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Safety - Risk Trade In Serious Need Of Geodon
The chart below indicates the increasingly illogical run up in both bonds and stocks (combined with the daily VIX clobbering). Yet even as the dollar plumbs new lows, somehow US bonds appear increasingly more attractive.
The doctor's prescription to the capital markets: take two Geodons and see Dr. Chariman Ben in the morning.
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Interesting disonnect between present and future:
The value of present dollars plunges while the value of future dollars (treasuries) climbs.
This is the effect of QE: the dollar decoupled from bonds late March.
Gold also running higher... along with treasuries. Real cognitive dissonance in the market today.
Not really - money created out of thin air is propelling both.
"The mechanism of action of ziprasidone is unknown." "Ziprasidone is known to cause activation into mania in some bipolar patients(markets, MM's, day traders, quants, GM management members)". Maybe they already did. Dr. Ben said take two...handfuls, right?
I believe this is the part in the Road Runner cartoon where Wile E. Coyote is standing in the cloud of dust and his toes are looking for terra firma-- only to find air.
The real question is: At what point does gravity take over?
Could be months.
Yeah when he looks down, then at the "camera" with a frightened frown on his face...
It already has...it's just that his altimeter (paper money) is broken so he thinks he's going up, when in reality he's dropping faster than a rock. The correct altimeter is telling the rate of acceleration to the downside is increasing (Gold rising).
Just measure S&P in terms of Gold and you'll get the real picture.
The action is what it is. We continue to hunt the how to the what & where.
hunt the what and where, the how and why will be the post mortems.
If it seems illogical to you then your logic is wrong, because it's happening!
or it's just illogical
Only the premises can be wrong, not the logic.
Woops, look, the market is down. Excuse me, Ben, but I have a question. What time is the ramp-up today, don't want to miss it.
Personally I find this Wile E. Coyote a bit more humorous.
http://www.youtube.com/watch?v=STeVTzWelns
Can anyone tell me how I could recreate that chart on Bloomberg?
We are all Zimbabwe now.