Weekly Chartology, Or What To Do When You Are Dead Wrong And Every Economic Release Disappoints Relative To Consensus

Tyler Durden's picture

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GetZeeGold's picture

 

Say oops......and rebalance.

 

 

dcb's picture

stupid, make more money shorting cyclicals (crude, etc). then  wait for good time to go back into cyclicals. I like enegy because it has the "biggest" cycle.

Caviar Emptor's picture

I'm taking a victory lap here bitchez as every data point confirms my theory about Biflation aka Inflationary Depression aka Not Your Father's Stagflation.

This week two very key data points confirmed that not only is there deflation in real incomes and net worth as reflected by Residential RE values, but that the extent of that deflation has now outstripped the 1930s: 

-IBD confirms that the over the preceding 10 years personal incomes slid more than during the 1929-1938 interval.  LINK

-And the decline in home values from their 2006 peak to present has exceeded the peak to trough decline in their value during the Great Depression (Capital Economics, Paul Dales)  LINK

And yet it's undeniable that there is inflation in the cost of living, the cost of working and the cost of doing business. It's confirmed every day in reports from businesses reporting that margins are getting squeezed and in the global ISMs. 

In this climate, it won't be necessary to have hyperinflation for an economic collapse. THe threshold is lower. 

 

 

Ergo's picture

Good points.  I'm amazed at the level of corruption and incompetence in our leaders, and complacency in the public.  The short term stock market gain is nothing compared to the long term damage done.

First, they've made any recovery all but impossible in order to do a massive transfer of wealth to bankers, multinational corp's, and military contractors. 

How is housing supposed to recover when salaries are lower, when inflation soaks up everyone's spare cash, when increasing regulations force you to buy more expensive items than you need, and when bankers gobble up our national treasure?  We sit on an even bigger bubble now - Which most people don't even want to think about.    

rocker's picture

I think the plan is two fold. Don't let housing recover while inflating the cost of housing as much as they can.

The sheeple who bought in will forfeit and comply to pay rent. All is with purpose. TBTP have their script.

Remember Charlie, "Now that we have bailed out civilization, the people must suck it up and cope".

Caviar Emptor's picture

How is housing supposed to recover when salaries are lower, when inflation soaks up everyone's spare cash, when increasing regulations force you to buy more expensive items than you need, and when bankers gobble up our national treasure?

Exactly. 

Their solution? More of the same, more intensely. 

The priority is #1 save the banks (and Wall Street) and those living off the fat. That guides every decision. All else is irrelevant. The so-called Fed mandates are, well, disregarded (maybe trampled on in private, who knows?)

The Euro co-conspirators are playing out the next steps perfectly: bail Greece in return for ownership. Of course they know there's no chance that even those loans can ever be repaid, so they'll be back asking for more....the women maybe? 

Oh regional Indian's picture

Goldmean Sucks, what a name, what a time.
But how come they make all these winning trades and all those losing recommendations?

Must be the inversion effect. Somewhere.
What a ponzi.
I want to launch a iznop scheme.

ORI

http://aadivaahan.wordpress.com/2011/05/26/the-video-trailer/

Caviar Emptor's picture

It all started the day that one monkey asked the other monkey which coconut shell the banana was under. The rest is a matter of record. But they're still playin the same game. I'll consult on your iznop scheme :-)

gianakt's picture

Can we put all the Goldman analysts on the Go To Jail List from the New York States Attorney.

slewie the pi-rat's picture

"Utilities and Consumer Staples as the long le(g) in a compression trade, while shorting Industrials and Consumer Discretionary."

ok, but some of the retail SSS (same.store.summary) [The Consumer Contraction Begins: May Same Store Sale Summary - 12 Misses, 5 Beats]  showed weakness, for the month, in middle-of-the-road retail with stregth in the high end stuff.   and here, the G/Sachs.kostin S&P bottom 10 sub-performing sub-sectors for the week looked pretty consumer staple-y to moi.  and the utilities took a 1.4% stumble, too.  however, with the DJI and S&P each -2.4%;  MS Cyclicals -4%. 

did i miss the chartporn where the DJI = + 5% and the dollar = - 6.6%?

gold inched upward on the week and is +8.5% for 2011;  silver is + 17%.

silver took a 4% weekly hit during and after a most sorry-assed, pathetic try @ the 50 dma.  is our little darlin planning a Summer of play til it's time to make hay? 

"...she's mighty tall and handsome, yet she's known quite well by all/ she made a modern combination on that Wabash Cannonball..."  @ 0:17 here:  YouTube - Wabash Cannonball - Blind Willie McTell 

ziggy59's picture

whatya do? you avoid the crap crap table and go to phyzzz...

chartcruzer's picture

Regarding the section on ETFs in the report.   Amatures.

http://stockcharts.com/def/servlet/Favorites.CServlet?obj=ID3225058&cmd=show&disp=p

 interesting that they dont mention anything about shorts or even short hedges.   Keep the sheeple at the trough.

zaknick's picture

These banksters are making plans to be in Afghanistan beyond 2014. How is that going to be possible?

WWI and 2 where launched with the People brathung down the banksters necks. They will do the same again.

prophet's picture

I wonder if GSAM sees this as actionable.