What Do Stocks Know That Bonds And FX Don't?

Tyler Durden's picture


Presented with little comment but it appears to be one of those days again...


and more broadly, equities are on their own again...


Charts: Bloomberg and Capital Context

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Fri, 11/16/2012 - 15:23 | 2989068 HedgeAccordingly
HedgeAccordingly's picture

i do think we see record lows in bond yeilds in the next few weeks - A Three Year Graphical Journey along the $ZB_F Chart |  http://hedge.ly/SUeJHa

Fri, 11/16/2012 - 15:29 | 2989096 redpill
redpill's picture


Fri, 11/16/2012 - 15:40 | 2989147 CPL
CPL's picture



Rig blew up in the gulf an hour ago?  Back to a drilling Moratorium? 

Fri, 11/16/2012 - 15:43 | 2989162 surf0766
surf0766's picture

The moratorium never ended

Fri, 11/16/2012 - 15:55 | 2989219 CPL
CPL's picture

LOL!  And there it is.  


Good thing that rig blew and is spilling oil all over the place outside of regulations and the "border"...of a mass of water.  Everyone should be pleased as punch when the spill drifts around the line to keep it legal.

Fri, 11/16/2012 - 15:40 | 2989146 slaughterer
slaughterer's picture

Hey ZHers, this is for your viewing pleasure:



Fri, 11/16/2012 - 15:52 | 2989202 CvlDobd
CvlDobd's picture

ZHers eh? You realize that includes you?

Sat, 11/17/2012 - 00:03 | 2990798 IrritableBowels
IrritableBowels's picture

That show is like any other 'reality' teevee show - fake and meant to undermine the underlying subject.  In this case, hedging for the future.

Fri, 11/16/2012 - 15:24 | 2989075 derek_vineyard
derek_vineyard's picture

arb the gap

Fri, 11/16/2012 - 15:28 | 2989090 CClarity
CClarity's picture

Stocks read more "words" ala Congressional sound bites than the numbers bonds algo.  In the end, same ol same ol - credit markets and bonds are the real arbiters of what's going on.

Fri, 11/16/2012 - 15:24 | 2989076 Dumpster Fire
Dumpster Fire's picture

Wonder who got sheared?

Fri, 11/16/2012 - 15:53 | 2989210 I am more equal...
I am more equal than others's picture

The taxpayers (a shrinking class indeed)

Fri, 11/16/2012 - 15:26 | 2989082 slaughterer
slaughterer's picture

Tom Lee is fcking all of you shorts in the stink hole today. 

Fri, 11/16/2012 - 15:29 | 2989091 Rathmullan
Rathmullan's picture

Not just yet, looks like Mr. Market figured out Boner's tan is fake.

Fri, 11/16/2012 - 15:36 | 2989131 Joe Davola
Joe Davola's picture

Sure he did, he drove a boat with that thing!  Well, that's what I heard.

Fri, 11/16/2012 - 15:28 | 2989088 e-man
e-man's picture

aapl goes up, appl goes down. aapl goes up, aapl goes down.

Hmmm, I wonder...Nah!

Fri, 11/16/2012 - 15:29 | 2989100 Rathmullan
Rathmullan's picture

Sir Issac Newton would have been short aapl.

Fri, 11/16/2012 - 15:42 | 2989151 The Final Countdown
The Final Countdown's picture

If Sir Isaac Newton were still alive, he would have killed himself in disbelief and disgust.

Fri, 11/16/2012 - 15:56 | 2989231 e-man
e-man's picture

Sir Isaac Newton would have blown up the markets with a canon.  The rules of mathematics are to be respected, not trodden upon.

Fri, 11/16/2012 - 15:29 | 2989092 scatterbrains
scatterbrains's picture

If gold's not trying to feel all this "frame work" luv I'm not either.

Fri, 11/16/2012 - 15:34 | 2989094 SheepDog-One
SheepDog-One's picture

DOW treading some water at 12,550...we'll see if it all even manages a green close. Anyway, far less than impressed with hockey-helmeted equities up a bit....theres no good news out there.

Fri, 11/16/2012 - 15:41 | 2989152 Mr Lennon Hendrix
Mr Lennon Hendrix's picture

Yet the only "good" news for bonds is that Bernanke will buy all of them and still they levitate on high premium.

Fri, 11/16/2012 - 15:29 | 2989095 fonzannoon
fonzannoon's picture

I never have the displeasure of seeing the 2pm cnbs segment. This guy Sullivan is the worst piece of shit of all of em!! Wow what a total douche!

Fri, 11/16/2012 - 15:33 | 2989116 Yen Cross
Yen Cross's picture

 Hey fonz, if Sullivans ears were any bigger, CNBS would have to broadcast him in IMAX...

Fri, 11/16/2012 - 15:37 | 2989138 fonzannoon
fonzannoon's picture

I swear I am looking at him and there is no way he is a human being. He is absolutely a robot of some sort. It's freaking me out man!

Fri, 11/16/2012 - 15:42 | 2989158 Yen Cross
Yen Cross's picture

 Too funny :-)

Fri, 11/16/2012 - 15:53 | 2989207 Mactheknife
Mactheknife's picture

Didn't we tell you not to watch that crap? Puts you at risk of having your head explode.  5th rule of fight club " You do not watch CNBC."

Fri, 11/16/2012 - 15:30 | 2989106 razorthin
razorthin's picture

Stocks are pumped and bond/mortgage yields held are down.  What was the question again?

Fri, 11/16/2012 - 15:34 | 2989121 Quinvarius
Quinvarius's picture

Robust and virile is this bull market.  80 billion a month is going to buy a lot of roids.

Fri, 11/16/2012 - 16:37 | 2989473 El Viejo
El Viejo's picture


Fri, 11/16/2012 - 15:35 | 2989130 fuu
fuu's picture

ranging around in my algo-mobile, waiting for someone to make a deal

Fri, 11/16/2012 - 15:38 | 2989139 stateside
stateside's picture

Credit starting to freeze up for the resource plays.  These companies announced financings early in the week and then pulled them a few days later:


Eldorado Gold cancels $500-million (U.S.) offering

2012-11-16 14:15 ET - News Release


Mr. Paul Wright reports


Eldorado Gold Corp., due to current market conditions, has decided not to proceed with its planned offering of $500-million (U.S.) senior unsecured notes, which it had previously announced on Nov. 12, 2012.

"Deteriorating conditions in the debt capital markets led us to conclude that the proposed offering of senior notes would not be in the best interest of shareholders under the terms currently available," stated Paul Wright, chief executive officer. "We had hoped to opportunistically access the debt capital markets to augment our already strong balance sheet but we will only do so in a disciplined manner."


Sterling Resources cancels $45-million offering

2012-11-15 15:09 ET - News Release


Mr. Mike Azancot reports


Sterling Resources Ltd. has determined not to proceed with its previously announced marketed offering of common shares in the capital of the company. The company was targeting to raise up to $45-million in aggregate gross proceeds pursuant to the offering. While a number of existing and potential shareholders have expressed strong support, the company has been unable to raise sufficient funds on terms which the board considers to be acceptable.

Sterling will therefore pursue alternative means of ensuring that the company is appropriately financed.

Fri, 11/16/2012 - 15:57 | 2989159 spastic_colon
spastic_colon's picture

fiscal, double-witching, boner, obummer, talk, days, more, OMT, bernank, hilsenrape, etc. etc. blah diddy blah blah blah ad nauseum.


(the above are ironically my core portfolio holdings)

Fri, 11/16/2012 - 15:45 | 2989169 stormsailor
stormsailor's picture

been trading /es all day, been underwater most of the day, then have profit and sell. then place another, underwater then profit.  jeez.  i'm up a little but this market is making me psychotic.

i'm short now, and upside down but i think it will be profitable into the close.

Fri, 11/16/2012 - 15:56 | 2989228 TideFighter
TideFighter's picture

You need a better feel of the market. This is a "save the whale" day, not a "walk the dog" day.

Fri, 11/16/2012 - 16:08 | 2989311 stormsailor
stormsailor's picture

nuke the whales, lol

Fri, 11/16/2012 - 15:48 | 2989180 slaughterer
slaughterer's picture

stormsailor, if you remain short into the close, then Tom Lee will effectively sodomoze you without lubricant.  Sorry for your loss.  

Fri, 11/16/2012 - 15:56 | 2989227 stormsailor
stormsailor's picture

its not looking good right now.  still up for the day.

Fri, 11/16/2012 - 15:52 | 2989201 disabledvet
disabledvet's picture


Fri, 11/16/2012 - 15:54 | 2989212 Yen Cross
Yen Cross's picture

 Lets not forget the financial calendar looked like crap this morning. I might do a little selling here over the next 20-30 minutes into the close.

Fri, 11/16/2012 - 15:55 | 2989215 slaughterer
slaughterer's picture

Yen Cross, you are a week too late to sell. Please, for the sake of family and your mental health, BUY.  

Fri, 11/16/2012 - 15:57 | 2989244 Yen Cross
Yen Cross's picture

 You forgot the /s ...  Been selling all week.

Fri, 11/16/2012 - 15:56 | 2989216 ekm
ekm's picture

Imagine a high rise building has has cought fire in the basement.

The fire fighters can help up to the 3rd floor.

People are forced to move up to the higher floors since fire spreading upwards.

Some make the choice to jump from the 5th floor, some from the 7th floor but most are FORCED to move higher and higher until the top floor.

At that point, all will have to jump from the top floor.


The people are the primary dealers. Firefighters are the Fed.

We are beyong the helping point; just waiting for the final jump from the top floor.

Fri, 11/16/2012 - 15:58 | 2989247 TideFighter
TideFighter's picture

good one. you could add they climbed to the top of the cell tower too.

Fri, 11/16/2012 - 16:38 | 2989480 adr
adr's picture

There was a great line in Men Who Built America when Thomas Scott was walking with Andrew Carnegie.

Scott says, I bought 100 thousand shares at $10 each this morning before news of the contract hit the wire. When the contract made the news the share price doubled. I made a quick million today.

Wall Street, same as it ever was. Those in the know make out big for a while. The sheep try to chase, but just get slaughtered. Just like Scott who died a ruined man because the stock market decided railroads were a losing investment. Even though most were still viable, they were bankrupt when the stocks headed to zero.

Hmm, shades of AAPL?

Fri, 11/16/2012 - 16:40 | 2989492 stormsailor
stormsailor's picture

but who would hold long into a weekend with israel and hamas trading rockets?

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