This page has been archived and commenting is disabled.
Presented with no comment...
- advertisements -
Contact Information:
Tips: tips [ at ] zerohedge.com
General: info [ at ] zerohedge.com
Legal: legal [ at ] zerohedge.com
Advertising: ads [ at ] zerohedge.com
Abuse/Complaints: abuse [ at ] zerohedge.com
Suggested Reading:
Make sure to read our "How To [Read/Tip Off] Zero Hedge Without Attracting The Interest Of [Human Resources/The Treasury/Black Helicopters]" Guide
It would be very wise of you to study our disclaimer, our privacy policy and our (non)policy on conflicts / full disclosure. Here's our Cookie Policy.
The shnozberries taste like schnozberries
I think we're in the "we dont know what's going to happen so we'll make up a neat chart with vague terminology that we will hopefully be able to fit the facts to later and retroactively make ourselves look like geniuses" phase.
The Bernank is in the WTF -- LMAO phase.
Top ways to play the bull market:MDB,
Thank you for that great trading tip.
You obviously know a great deal about the market.
Please let me know when you will be conducting your next seminar. I will definitely be there.
Next weekend at the airport Hilton, admission is only $59.99 per person (continental breakfast included). What a small price to pay to save your retirement future!!!11
A bargain at twice the price. He better not make the mistake of underpricing himself, you get what you pay for.
If the implication is, that the public has entered the manic phase and is powering the Dow to new highs, then I reject the premise.
This is strictly an institutionally-driven algo fête. The public, to the extent that they have any investable funds remaining, are out of this game.
Retail is gone and will never be seen again. The Hedgies are the new target. The squid sees their AUM and hungers.
I am a little slow... I need a large 'you are here' star on this chart. Like the kind they have at the malls and airports...
Surprised by a new all-time high in the DJIA, but the rally is running on Ben's anal fumes at this point IMHO:
http://thespiritoftruth.blogspot.com/2013/02/dow-14000-world-war-three.html
American mass psychology is a manic psychosis:
http://www.spiritoftruth.org/Thesis/Intro
If by "institution" you mean private players leveraging the hell out of public money in order to blow the market up so the insiders can bail out at heretofor unbelievable stock market valuations, then I agree.
I'm sure there are a lot of bankster operatives working in pension funds to make sure their wealth gets transferred to the mega banks in the next market collapse as well.
Retail isn't dead, though. There are still lots of establishment gobemouches that are in the market.
I told a coworker that taxes were going up, the budget was becoming a bigger issue, deficit spending would get hit and all those things indicate now would be a good time to start leaving the market.
She replied, "but it's all I have."
"That's why you need to protect it," I replied.
She's fully invested and just UPPED the amount she puts in here 401k.
She isn't the only one, she's the "normal" one.
I disagree that the public is out of the game, they are along for the ride and can not get off so they will be part of the crash.
I've been inside "the Hilton" before, but I had to pay way more than $59.95
I thought it was free? At least that was the impression I got from a "promo" video some time ago...
Do I have to attend the timeshare seminar that follows? Because I'd like to bring an oven to stick my head into in that case.
That one was cancelled, but they got a replacement! Miyagi Fukdamuppets, author of "Rich Banker, Poor Banker," is giving a free* seminar about how high retail checking account fees are always worth paying.
*with $59.99 purchase of hard copy edition of "Rich Banker, Poor Banker" signed by Mr. Fukdamuppets himself!
Tom Vu. You Can, Too.
Hopefully, there will be an opportunity to sign up for the "real" classes at the seminar!
free admission with a buy on Herbalife
Those are three good mechanisms to take advantage of this bull market. Depending on the amount of money a person has and the risk profile, you can choose any of them.
The real fun hasn't even started if I go by that chart
Now buy spy in the money options every Monday till this blows up
I once got an e-mail from a previously unknown Nigerian friend - he had a very attractive business proposal which he was willing to share with me for just a small entry fee - I think I really should get in touch with him (you know, for old times sake, I guess), after all, he's a friend, so what could go wrong, right?
and what were you holding during the Flash Crash?
I was short and loved every minute of it. I did get nervous because the quotes were wrong, however it goes down as one of my ten most fun and profitable days !!!!!!!!!!!!!
Bring on the flash crashes............. traders best friend.
the muppets are a getin in the pot uh hotub but theres a short in the water heater
Where is the:
" .... and if you call within the next 5 minutes we'll include a FREE, yes fols FREE, handy chart reading class. But hurry, quantities limited."
Plus, of course, the obligatory:
" .... but wait, there is more!!! We'll double the order for only $49.99 plus a small Shipping and Handling fee of just $39.99. Expedited shipping available!!!"
Euphoria, delusion, bear trap, despair.....GEE they left out the part about surveilance drones and tanks and re-education camps??
How about that x-axis! "Time" - well that's fuckin specific guys!
'Time'...yes, yes 'time, the avenger'.....I'm wondering where the 'suspension of disbelief' phase is myself, we've been in that for 10 years at least!
No shit.. Looks to me like the graph ends March 2009 and we are waaay the fuck off the charts and into Twilight Zone, Bad=Good!, Control-feak fascism phase...
Yep, this today is supposed to be the 'public phase'? As if retail investors are clamoring for stocks in a 'greed frenzy'? Bullshit, I've seen NO evidence of that anywhere.
Where's the 'FED pumps with $100 billion a month' phase? Missing.
Dow Reaches Record High, Spurred by Fed
New York Times -- 2 hours ago
Derp-a-Derp
I'd rather play Russian Roulette with a semi auto than play 'buy stawks' with the maniacal FED!
Didi mao! *smack* DIDI MAO!! You shoot NOW!!
Does it ever go to a second round?
That article might put The Onion out of business.
"I just don’t understand why people don’t want to play"
Then why not just ask them you retarded moron, deliberate blindness just isn't cool man...
Ben Bernanke is the "Hero who saved the world"
Why everyone hates him?!
According to that same source,Adolf did the same at Munich.
nicely summed SG!
The "external threat vilification" and "wartime austerity" phases are missing.
Where's the 'ol permanent gold backwardation and emergence of new monetary paradigm phase?
No senile dementia stage ?
Seems the players in the 'market' have early onset.
Wake me up when the is 1400.Then I will buy.
Pull over. He can't pull over. He's already pulled over. Pull over further...The opening 5 minutes was the best part of that movie.
Stop it. That movie was great all the way through.
+1 for Super Troopers reference. "Hey Farva, what's that restaurant you like with all the shit on the walls?"
....well two out of three ain't bad......
Wait until the Fed reflates AAPL for the "new paradigm" phase.
"bull trap" Love that shit!
Wheres the frontal labatomy phase?
One or two lobes, my dear?
Half a lobe is better than nothing.
Give a man a fish and he'll eat for a day. Give him a lobe and he'll figure something else out.
My yoke is easy and my lobe light.
Two lobes over easy, please.
Dude, frontal lobotomies were given out the first of the year when the budget stuff got all fixed. Sorry, you missed out.
"i'd rather have a free bottle in front of me than a prefrontal lobotomy"
Tom Waits
BTF'n non-Dip on the Bernankus Put!
I'll take greed for 500 Alex
- Gordon Gekko
Return to normal, I think.
I think we're outside. Somewhere around "return to sender".
Where's the "Don't Fade the Fed" phase?
Quoting from Seth Klarman:
If someone buys a security to sell it to a greater fool, if there are no greater fools left, then that someone is the greater fool.
Which primary dealers is stuck to be the greater fool?
Q: "Which primary dealers is stuck to be the greater fool?"
A: Check the records of their campaign contibutions.
"Which primary dealers is stuck to be the greater fool?"
The taxpayer.
Tax payers own no stocks.
But they own all of the Fed's funny paper!
Which... is stuck to be the greater fool?" The taxpayer.
Rulership 101, baby: Take their money (or grain, or labor, or...), then tell them how much they need you.
Then, take more of their money!
Only the timeframe is undefined.
oh the silver chart again
Distorted Echo Phase.
Starting to remind me of the Dot-Com days. Every day was Christmas and the market could only go up. If they are selling it on an exchange, buy it. Don't need market analysts just buy, buy, buy. Thinking I might have heard something similar that happened in the late 1920's. Of course now there are circuit breakers meaning it will take a least a month to collapse.
Relax; stocks have reached a permanent plateau.
How does anybody know where we are on that graph. I chose the bear trap after the first sell-off. Future looks great from there.
Hopefully we are at New Paradigm,or someone shoot me and put me out of my misery
This is our 3rd "bull trap"in about 12 years right? Got it.
"the number" doesn't lie. That would be "trillion dollar deficits." that IS real money. I do agree "a downward trajectory would be nice." but the money manager's job is to put money to work...not sit around on the sidelines. "first transports then industrials." can't speak for the averages cuz I'm out...but this rally says GE to me "as your next big mover" as their production costs have to be by far the lowest in the world right now. If they have any doubts they can spin off GE Finance to find out. word is that "that is the largest bank in the world." hopefully a good one. You could argue the last two years of non existent winter as a net positive as well. Like I said I don't have a problem being wrong with my treasury call..it's purely speculative and looking more short term by the day. I will say "never short a dull market" has been a real stand out 4 years running now...
i am betting we are between Delusion and Denial. Betting heavy.
I'm tipping closer to return to normal.
But then again the chart is clearly based on expanding then CONTRACTING credit. What happens if credit does not contract but is continuously juiced to offset the deflationary deleveraging?
The fed is in the process of redefining rational expectations, wherever it wants the above chart to be at some point in the future it just turns the tap on accordingly.
You can either play and pray, or not play at all.
Why not take up a new hobby, canoeing is great!
And unsecured PMs are great ballast!
What happens after three of those cycles?
A real rain comes and washes all of the banksters off the face of the earth.
Since the question was put politely, I think we are at the enthusiasm phase. The fundemental reasons for the stock market falling now have been made widely here and elsewhere.
But then there is $85 bills coming in monthly...
Another thing that pops into my mind as I contemplate my lack of courage to short is that when it does break, selling short will simply be made illegal. My neighbors would be glad to hear that "people like me" weren't going to be allowed to hurt them with my profiteering.
The only way I would short the market is to get some LEAPS two years out. Very little chance the balloon stays inflated that long, and at least you minimize your risk from the short side.
dont know about everyone else...but the squid...aka GS is doing a reversal right now...buying Puts as I write....watch this fuckin crap stock shed a few bucks by the end of the week...die Goldman Sachs DIE!! ha ha
I hate to say it in this esteemed forum, but anyone who plays in the casino (and isnt a dealer) is deluded. But short sellers must be masochistically delusional. Banana Ben has iterated month after month that he will print until employment recovers. It wont, therefore...
This game can go on for another 4 years (or more). I know that "DOW 20,000" is a throwaway line, but it might very well become reality. 85 billion a month in money printing says it is probable.
I wouldn't touch this market with a circus pole
I don't know how more transparent the manipulation could possibly get
"I know that DOW 20,000 is a throwaway line, but it might very well become reality. 85 billion a month in money printing says it is probable."
This, on Zero Hedge, has 6 recs and 0 downs. We are closer to the top of this rally than I thought.
We are in the "Sell in May and go away" phase. The suckers will be holding the bag with their thumbs, well, you know where.
Tyler...love ya man...add a new comment to the graph...PRINTING STAGE! ha
FUCK YOU Bernacke!!!!!!!!!!!!
DELUSION...
s/mean/fundamental value/
Insanity. But riots in insane aslyums can go on and on much longer than we think.
I think we are in the "New Paradigm" phase. That paradigm is that the Fed will print to infinity and stocks will rise in correlation to infinity.
I'm thinking some black swan is going to wreck that new paradigm, this year.
Yeah I think you're spot on. It feels like that to me as I stand on the sidelines and look on in amazement.
The FTSE is higher than it has been in 5 years, and we're going into another recession. WTF?
Central bank intervention is the new paradigm. You realise this can go on for another couple of years?
OK this chart is BS....NONE of this is 'public phase' today, retail isn't in this shit, other than pension funds or 401K's and that's not 'euphoria' at all it's holding on for dear life' at best.
This layout was 2000-2008 maybe, or Dot.Com hysteria times, doesn't have a thing to do with today!
I don't think retail will ever be in this. Based on that chart a ZH'er posted earlier today (http://www.fastcoexist.com/1681517/this-viral-video-will-change-how-you-think-about-wealth-distribution-in-the-us )on the weath distribution - fuck retail is broke! They have no money AT ALL. So, if waiting for retail, could be a while. I think all the money that intends to be "in", is already in. Having said that, the market still goes higher, much higher. Bernanke is all in. And in order to keep yields low he has to monetize the debt. So bank reserves will continue to blow this baby up. In otherwords, 1% on the 10 yr, is not an impossibility, IMO.
You would think the CNBS ilk(Rats) would have learned a lesson or two from AAPL. Rats never learn, they just breed and jump from one piece of cheeze to another, laying destruction in their wake. The same will happen here, just on an epic scale. Risk F/X didn't buy the pop off today. I doubt credit did either. It should be interesting to see what Tylers N.Y. market wrap has to say.
Europe and Japan have C/B meetings and statements Tomorrow and Thursday, so I wouldn't rule out a tape bomb or two. The 4hour charts on risk F/X are looking a little stretched from [mid] last week after that drop on the Italian elections.
What could possibly go wrong? A CB disconnect is highly impractical and could actually make some noise. NOT!
YC, Any thoughts on the KRW?
Are you speaking of usd/krw? Here is a 5 day chart. Looks like it is forming a base , and has good support below. I would wait for the BoJ meetings to end Wednesday before I get into that one. It's a risk pair. As long as Bernanke keeps pumping $ into the sytem it's anyones call. Personally, I'm starting to short risk. Sorry I couldn't be more help.
Cheers, mate. While it's tempting to short risk, I've been lurking on the sidelines.
I'd add a "Baking Soda and Vinegar Volcano" phase just past "Delusion" on the curve.
Enthusiasm for equities, but Greed to Delusion for bonds.
Toto, Kansas, blah, blah, blah.
All I've got to say is watch the fuck out for whenever these lunatics decide it's time for 'shear the 401K/pensioners' phase....could be any day now, no one here knows.
I think that comes after the 'buy 1.6 billion rounds of ammo and 2700 light tanks' phase... Oh, we must be close then.
Indeed. Might come in the shape of a WWIII US Treasuries Convesion Program that is showcased one Monday a.m. in the future.....accompanying the All Your Gold Belong to US Treasuries Act.
Nothing will be too brazen, criminal or violent to preserve the Petrodollar..
There is only greed, delusion and new paradigm in this market. In this order: greed-delusion-new paradigm-delusion-greed-delusion-new paradigm-delusion-greed and so on and so forth.
"Greed" Or "Delusion" BOTH!
Anyone have a needle? I need to pop something.
...nothing wrong with a lil' delusion every now and then, is there?
Oh yeah, I almost forgot, fuck you bernake, and you're choom-chuggin CIC!
Greed.
It will be delusion when people put more cash and bond money into equities.
It will be "New Pardigm!" when Bernanke and Keynesianism are called the new paradigm and no one mentions the debt anymore, or say that this new paradigm will take care of it all on it's own.
Love parabolic moves,eom
Greed phase, most likely. Not at a blow-off top yet. Since all the central banks of the world are now printing endless amounts of money and governments don't even pretend to care about reducing deficits or debt, the world is primed to go full-Zimbabwe. They cannot stop printing or borrowing. It is a trap. Stocks will probably set new records every month until inflation or stagflation reaches a destructive level. Seems we have a ways to go.
Hmmm
"Seems we have a ways to go."
or it could just ........pop
Most things could be presented 'without comment' at this point ...if you are here now and don't understanding what is happening....well, all the comments in the world won't help you. Go back to watching CNBC and listen to Cramer (Oh wait...even he might be getting a clue)
looks like silver May 2011
silverbugs still telling themselves XAG was "manipulated back" into long term EMA so they don't look like dumb idiots who did themselves big
but I'll be voted down for exposing this here, heheh, hypocrisy..
Nope. Silver AND GOLD is between the "Return to normal" and "Fear" stage but you're right. Most bugs usually show up too late to the party and hang around well after the cool dudes have left with the hot chicks and beer.
My only guess is the denial part comes when they can use something else as cover to crash it like the debt ceiling limit or a govt. shutdown. I assume they use every trick to keep it levitated until they can manufacture the proper crisis to blame the Tea Party on.
If it is something that is out of their control they will just shut the market down, reset everything back and continue foward! like nothing happened if possible,
Where's the little red dot which shows "You are here"?
HERE'S SOME ADVICE FOR THOSE WHO ARE HOLDING EQUITIES:
> SELL NOW
> TAKE THE CASH AND BUY GOLD AND SILVER
We're at the "new paradigm" stage right now, heading toward denial. And things are fucked up beyond belief, IMHO.
At point in the process do you think we are?
If Dave Chapelle were an economist, he would probably say we are at the "I'm rich Biatch!" part of the cycle........
If you allow for an understated 5% inflation per annum, this 14,000 number really represents about 10,800 in purchasing power when valued in FRN's from 2007-08. This stock market number would have to be about 17,800 just to break even with that inflation rate.
Classic US Housing chart, right?
As for the DOW high, who says the high is in? ZH has once again led all down a humiliating and humbling path. Listen to this guy instead.
http://armstrongeconomics.com/2013/03/05/the-dow-high-nobody-believes/
probably mentioned already...however, as a humble zh reader, I'd say...reality/Dow/market = despair levels...just now getting started...to levels that end only when zh posts, "presented with no comment" and there's not even a chart. Just blank.
This nonsense all ends only when signs start showing up such as...zh announces it's merged with huffpost and cnbc - cnbz - "nothing will change though! We promise" accompany the announcement.
Dow at 50k... 2013,
Krugman has his weekly cnbz vlog "guest commentary"...no down arrows...ever...any hint of dissention - locked out of site.
Only links that work are to .gov sites.
A new and very popular "guess the gdp" game on CNBZ allows for only upside estimates. A whiff of "concern" regarding sustainability, never heard from again...
will7 pics - actual family photos from fed reserve holidays/picnics.
adds are facebook and yahoo news 20% off coupons...
until then, thks to zh et al for any semblance of reality still left...