This page has been archived and commenting is disabled.
The Market's Verdict: Buy Stocks, Buy Bonds, Buy Gold
Since early this morning when Germany dropped its nasty econ bomb, the US has been bid. It's not like Europe was sold, it's just that US Treasuries, US Equities, and US-denominated Gold have been on a tear (as the USD has been sold). Equity volumes remain dismal but apart from a near-vertical snap up to VWAP, AAPL has been going the opposite way all day (down!)... Or perhaps, now that Europe is closed, someone just leaked the election results given that ridonculous surge in S&P futures?
Is ES trying to snag 1429 (the 50DMA) again? or just playing catch up with Gold?
we've seen this before... vertical ramp and then parabolic dump...
and AAPL - finding comfort among the VWAPs...
Equities are all alone again in their risk-on over-zealousness...
Charts: Bloomberg and Capital Context
»
- 14314 reads
- Printer-friendly version
- Send to friend
- advertisements -
33 Liberty Partying like it is 1999
Fiat currency has no value. Zero. Nada. The dollar and all fiat is in a perpetual deflationary spiral due to the lack of intrinsic wealth. This is why other assets are increasing in price.
When we talk about hyperinflation what we should really be discussing is the deflationary spiral of fiat. Fiat has lost, is losing, and will lose. The end game will be that everyone will be holding paper in their hands while tears stream down their faces thinking that it was possible to throw paper at goods and procure wealth. Instead people hoarde it like brain dead rats waiting for a day to spend it at DJ 6k.
That day will never come.
Correct Mr. Hendrix, but try explaining to the average sheep what "fiat" is or what a "federal Reserve note" really is.
Meanwhile, Silver and Gold have gone vertical.
Full-Retard Day?
The JPM put-monkey must be standing in line waiting to vote.
You know. I fucking tell everyone here yesterday, buy. buy it, fuck it, even buy bonds and stocks and correlated items. Starting to wish i had remembered oil...
Point is, fuck u guys. Also, point is, This is the last one. QE loosing steam, can't save the market after this lil tugboat peters out. Better just hope Q4 and Q113 don't suck. You got a few months, and this lil jimmy johnson might just flop harder than bob doles dick. All one can do is hope the training wheels were enough, and that the market will ease into its precarious, rehypod, credit-cluster shitfuck of a bed. Goodnight,
If Obamney wins, I'm going uber long Webvan and
Flooz.com
So last week I watched the Vid on spotting bubbles- really well done.
What makes apple not a bubble? That really looks like the BTFD just after the peak...and just before the catastrophic plunge south.
Look at the 5 year chart.
Update: really, right here http://finance.yahoo.com/echarts?s=AAPL+Interactive#symbol=AAPL;range=5y
Grant Williams (must see)
Extraordinary Popular Delusions And The Madness Of Marketshttp://youtu.be/b4zOAHoncF0
I gotta be honest, it does. Just look at BDSI. Bought that shit at 2, sold 3 80. Came back for more @ 5, sold at 6.50, shorted to 495, n then tried to buy it at 490... Bailed on that shit 475. & bdsi looks and feels just like aapl. stupidly huge bubble based on 'potential'... Massive sharp peak, bearflg during support, and giant flop? Who knows, but tomorrow will be a critical day for aapl. Least I think it will.
Most sheeple dont' know any better... why would they? They've been programmed from the time they were kids to believe those green rectangles are real money.
All I know is the store takes them in trade for a chocolate bar and I get some coins back. It's been that way for me since a chocolate bar was 5 cents.
How else is one supposed to buy all the bubble gum in the world?
"The dollar and all fiat is in a perpetual deflationary spiral due to the lack of intrinsic wealth. This is why other assets are increasing in price."
Hmmm. Seems to be a strong dichotomy from one sentence to the next.
Fiat deflates and goods inflate via price. Simple supply/demand, nevermind that fiat has zero value.
Food has value. Shelter has value. Hard assets have value. Fiat has no value other than percieved value. Percieve value in one hand and shit in the other and see which fills up first.
Fiat has value - for now. That's why we are still able to trade it for real goods and services. But, as you explain, it is losing value over time as it has done for 100 years.
What I believe is coming is a final explosive collapse in all value of fiat. The slow trickle downward is one thing, it is entirely another when the rest of the accepted value evaporates overnight.
To be fair, he said the dollar has no INSTRINSIC value. That's absolutely correct. The actual value of the US dollar is essentially worthless. It current holds value only because people are willing to accept it for goods and services.
Correction: 1929
Algos runnin' everything up today.
It's all fake, so who cares.
The dollar is fake.
Do you care?
Do I care about the USD... no. Holding lots of phyzzz allows me not to care.
The election is fake...
http://www.extremumspiritum.com/2012/11/05/2012-presidential-election-re...
This shit is running on fumes, I know. But still, the fumes get u high bro
By the end of the day, EVERYONE can retire.
Very strange day. But what else is new.
Well yes, if you are talking about physical gold. If you are talking about paper, then you should have bought already and you should be selling ahead of the upcoming bond auctions.
especially true for any equity priced in FRNs, same as it ever was.
Whatever is not the worst, make sure to pile into it and buy to all-time record highs. Yea this is gonna last real long.
Using inflation adjusted metrics we are nowhere near all time highs in any good.
algos dont know weather to shit or go blind and as usual the traders on the floor of the nyse are telling election jokes and wondering if they will have a job in the near future as computers run the show!
Yea why even have a 'trader' on a 'floor' today....just for 'old timey' things to show on TV as if theres some actual market that exists? Hell just use life size cardboard cut-outs.
all they do is watch the algos bounce prices around
LOL, no. Algos fire trades off, so you don't have to manually. It means u can sell or buy in an instant, that's pretty much it. But algos don't handle the market complexities. people do, for now, and a while still to come. The only thing that has died off in trading is the pit, b/c there is no need for pit trading anymore. The algo is just the gun, if you will. The human is still the operator of said gun. The gun will do what you want it to. For now.
Guess the traders are just traditional barbarous relics.
4 MORE YEARS! YOU FIND NOTHING TO CHEER ABOUT THIS GLORIOUS DAY? (SARC)
Would they know that Romney has won because of early polling samples? It's good if true. Despite the magic underwear and all that, it would be good to have a new start. I'm not even worried about WWIII.
I wouldn't waste my fret credits worrying about WWIII. It'll be over in a flash.
:/
Who.Fucking.Cares.
The candidates are two cheeks of the same ass.
You're right but it is hard to get it through my head because it means everything is a lie.
Hah ha ha ha ha ha
HA HA MR L H, made tea come out of my nose! your right, thoes two cheeks would'nt make a good ass!
The Brits and other Europeans have been going all-in after their close for the past few weeks; I guess after they got the request from us to not let anything go down before the election. They've been ramping everything after their close, including risk-on 4X pairs.
One can only sit and wonder in awe.
:D
Well, if true, then we have 1 more close in this 'its all for the election' paradigm we've apprently been running on for 12-18 months or so.
Agree, a new start. At least we would have hope for 3 or 4 weeks. With Obama back to the pits.
Why would a brand new lash in the hand of the overseer give you hope?
+1 made me chuckle.
Sorry what nasty econ bomb from Germany?
German factory orders came in at -3.3% on expectations of -0.3%.
European recession in full swing now and not a whole lot anyone can do about it.
But that's all right! Party on, dudes!
P.S. There goes the USDJPY ramping right on schedule...
Now, back to our regularly scheduled programming. (And it's going to get ugly...)
http://www.youtube.com/watch?feature=fvwp&v=paw_2EJBzFs&NR=1
charts agree with you. But the weakness of the euro may just offset the dollar's precipitous drop? Makes me wonder. Plus I don't like shorting my own currency with my currency.
http://www.youtube.com/watch?v=Wb9r0UrKSNc&feature=related
No, it means the USD is going up.
.... ummm.. wait what? Going up? Cus I don't see what ur talkin boot.
All I see is us dollar down 30 ticks in a few hours... U still solvent after that?
http://www.businessweek.com/news/2012-11-06/german-factory-orders-slump-the-most-in-a-year-on-crisis
my beans are itching
I think the markets are stating that Romney will win......or we are fuckass'd and people are making as much as they can before meltdown.
Yeah, a Romney win will mean an attempt to go back in time to a phony reality that never existed, but does in the minds of so many sheep. He will ensure that this bitch goes off the cliff at top speed! More wars, more corporate welfare, more talk about freedom while taking them away, heck yeah!
Obama on the other hand means a slow roll off the cliff. We'll still get the wars and diminished freedoms with the corporate welfare, he'll just keep it at a low roar instead of the whole patriotic fervor the Rethug sheep will whip themselves into over Romney's wars. We lose either way, it's just a matter of how the show is presented.
But we'll just be going back to a phony reality never existed from a phoney reality don't exist now, either.
Heisenberg Uncertainty Principle tied to Eddy Bernays Godly Works, financed by Goldman Sachs on the Taxpayer's dime.
Booyah!
So the business network script is:
Stocks are up because it looks like _______ will win.
It doesn't matter what name the put in there. It will be some script to read.
"Or perhaps, now that Europe is closed, someone just leaked the election results given that ridonculous surge in S&P futures?"
Let me quess, either the Democratic or Republican fascist corporate butt-sucker will win, As if this phony, media-created, so-called cliffhanger really matters in any sense beyond trivial. It's just a matter of which of these two losers gets to drive the short bus off the cliff.
+1 for short bus off the (fiscal) cliff
can we get an ES comparison to "model" for the last 12 months? is it somewhere in the neighborhood of 600 points too rich???
Fade this fucking pig!
This all will be incredibly profitable to SHORT on the morning after.
Obama is going to win. The market doubled in his first term. Why would it not double again? Earnings? Really? The S&P gave up 50pts and that is fundamentals returning? This is inflation nation baby. Dow 20k By 4th of July.
Would the markets be acting like this if they were expecting an Obama win? I am confused.
Maybe it's being pumped in preparation for an Obama win (?)
Why wouldn't the markets love an Obama win? More Bernanke, more Benny Bux, more love for Wall Street. The markets love nothing more than confetti and couldn't give a rats ass for real production or physical investment. Physical is a four-letter world in market la-la land.
Of course, markets would love a Romney win too, because they know he'll love Wall Street even longer and stronger.
The American 'city on a hill' just sinks lower every day. It's an underground bunker now.
Maybe it's being pumped up - to be pumped out last hour.
Gold, stocks and bonds have risen almost every month since BO has been in office. Why not expect more of the same in the future?
so, if obama wins are we stuck with eric holder for another 4 years?
And Timmah, Benji, Nancy, Harry and Joey the Plugs.
Have I missed anyone?
Oh yeah, Beyoncee, Jay-Z and the Reverend Wright, Arab Spring, Afghanistan, Iran and increased transparency, freedoms and lower taxes.
Have I missed anything else?
The ubiquitous Ryan Seacrest...
"Have I missed anyone?"
Benghazi, Lybia disaster
Vote Gold for President and Silver for Vice president!
what bomd did it drop? for real i cant find any news
me neither....
... mayhaps the imagery, perceptions management that (whatever happens) everything is good, as it should be, a shining light upon the hill that cannot be extinguished, freedom, happiness....
... and all that assorted horseshit
http://www.businessweek.com/news/2012-11-06/german-factory-orders-slump-the-most-in-a-year-on-crisis
What German "econ bomb" Nothing on Reuters, nothing on Bloomberg???? WHAT!?!?
sunny
They are pumping up the market before the thing dives.
It won't dive right after Obama wins....that would be too fishy.
That makes no sense, have they been pumping the markets for the last 3+ years--"before things dive?" I've hard that over and over again.
sunny
Gold/Silver today: http://blog.quantsig.net/2012/11/06/goldsilver/
Well, we know the only ones that will NOT print going forward are the Christmas Elves. Everyone else will print into eternity. Maybe the markets are waking up to this. Sure would like Tyler to chime in. I am still confused. Hah, as usual.
An O win means we move our company offshore.
An R win means we wait 6 months and reassess.
Stopped caring when I was asked for ID to by cold medicine but not to vote.
Would rather juice an economy supportive of business instead of providing for the suckling, worthless gibsmedat crowd.
Wind,
We are too (looking offshore). Suddenly, "Su, Tow r choo today" doesn't seem so bad.
I spend 3/4 quarters of my working life and the last ten years of my career in reg meetings.
Gold is going up, the market must think Bernanke is not going anywhere.
give an UP vote if you voted for Gary Johnson
The only logical vote is a vote for NOTA.
Anything less, is to be an accessory to a crime.
". . . someone leaked the election results"
Front running the HFV algos?
One out of three ain't good.
. someone leaked the election results" OK Bastiat.....But which clown? lol
The one with the big rubber nose and size 22 shoes. It will be a coup. He'll walk up to the podium and squeeze the rubber bulb on his brass horn. Then he'll say: I'm in charge now. Don't try anything funny.
http://www.extremumspiritum.com/2012/11/05/2012-presidential-election-re...
Bernanke ahead in all the prolls. Fuck you, Bernanke.
Someone had to say it, our daily Rx.
Money now vertical.
Europe loves Obama (compared to the US). If Europeans were voting, the Kenyan would win by a veritable landslide. Therefore, it would make perfect sense for European markets to want an Obama win. That may not be a predictor and more of a desire being expressed on the tape.
FYI, it is expected that gold would surge if Obama won, and likewise gold would decline with a Romney win. Some people think a gold/S&P/bond surge NOW presages an Obama win. However, that could just be smart money setting each other up for a take down after hours/tommorrow if Romney wins.
Either way, you really can't foresee anything from this type of action . . . yet.
4% of Germans would vote Romney. That's the average mentally deranged part of the population. Every country has those. But why is it supposedly a close race in the US? Are that many so deranged here? USA! USA! USA!
Thank God europeons can't vote here. You want four years of Barry, you can have him! We'll just say he was born in Berlin. "Find" a birth certificate and off you go...
I have to laugh when I read opinion pieces by Europeans who speak about how much they like Obama, and would vote for him. Yes, just as long as he's not running for office in their nation: Frenchmen will not vote for someone "of sub-saharan background" for President. You'll never see a British Prime Minister of Jamaican or Pakistani background. And on it goes. Just makes me laugh. Go ahead, Germany, elect a Turkish-origen Chancellor. We would vote for him or her, too! laugh.
Germany factory orders miss big time.
PRINT FEST is coming. Merkel has no choice now. Gold is cheap.
Markets to the upside... Au up 31 as I type...
Obama victory being priced in...
I don't know what is going to happen, be it deflation or inflation, but i do find it quite arrogant to suppose that you do. Zerohedge has had many good articles over the years, and been right on many counts, but i've read just as many good arguments in favor of deflation as i have inflation. We'll just have to wait and see now won't we?
Deflation is occuring now when you price assets to assets. However, inflation is what is happening to our currency because we still live in a fiat money system...The politicians will continue to print print print until they can't anymore!
Gary Johnson Bitchez!!
This is one hell of a time for Tyler to go to "lunch". Anyone know what the fuck is going on. LOLOL
It must be the Greeks that are on strike buying all this crap.....
Interesting to see how the bond sale went today......
And I knew the gold and silver drop last week was a farce...bought some more....
And Europe closing green with all their bad news....how do they do that????
Buy Gold: yup makes sense the dollar is doomed no matter which Robamney is elected.
Buy Stocks: Sure one of the only ways to hedge for inflation is owning dividend paying shares in companies that can survive
Buy Bonds: WTF? what moron is buying treasuries. Are these the same morons who still believe the CPI is an accurate reflection of the cost of living?
I can just imagine the flurry of knob twisting and lever pulling going on in the secret computer room of the NYFR.
Casinos crankin' : PLACE YOUR BETS!!!!
Kinky