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"Enthusiasm", "Greed" Or "Delusion" Phase?

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Tue, 03/05/2013 - 16:23 | 3301936 VulpisVulpis
VulpisVulpis's picture

The shnozberries taste like schnozberries

Tue, 03/05/2013 - 16:28 | 3301957 redpill
redpill's picture

 

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.

 

Tue, 03/05/2013 - 16:31 | 3301975 Say What Again
Say What Again's picture

The Bernank is in the WTF -- LMAO phase.

Tue, 03/05/2013 - 16:34 | 3301984 MillionDollarBonus_
MillionDollarBonus_'s picture

 

Top ways to play the bull market:
  1. Index ETFs - Index ETFs are a simple way for everyday investors to get exposure to the major stock indices. ETFs are managed by proffessional investors, who ensure that when stocks go up, so does your investment.
  2. S&P Futures - Futures are another way to profit from the bull market in stocks. The benefit of futures, is that you can put down very little money, but still reap huge rewards due to "leverage". 
  3. Options - Investors who believe the market is going higher, can buy call options which will rise with the stock market. Just like futures, options have the benefit of costing very little but still allowing you to make a lot of money. 

 

Tue, 03/05/2013 - 16:37 | 3302013 Say What Again
Say What Again's picture

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.

Tue, 03/05/2013 - 16:41 | 3302031 redpill
redpill's picture

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

Tue, 03/05/2013 - 16:45 | 3302045 Spastica Rex
Spastica Rex's picture

A bargain at twice the price. He better not make the mistake of underpricing himself, you get what you pay for.

Tue, 03/05/2013 - 17:59 | 3302320 Fredo Corleone
Fredo Corleone's picture

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.

Tue, 03/05/2013 - 18:17 | 3302446 DeadFred
DeadFred's picture

Retail is gone and will never be seen again. The Hedgies are the new target. The squid sees their AUM and hungers.

Tue, 03/05/2013 - 18:48 | 3302595 BoNeSxxx
BoNeSxxx's picture

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... 

Tue, 03/05/2013 - 21:48 | 3303234 Spirit Of Truth
Spirit Of Truth's picture

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

Wed, 03/06/2013 - 03:11 | 3303965 All Risk No Reward
All Risk No Reward's picture

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.

Wed, 03/06/2013 - 03:59 | 3304005 dunce
dunce's picture

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.

Tue, 03/05/2013 - 17:32 | 3302047 Say What Again
Say What Again's picture

I've been inside "the Hilton" before, but I had to pay way more than $59.95

Tue, 03/05/2013 - 17:43 | 3302252 thisandthat
thisandthat's picture

I thought it was free? At least that was the impression I got from a "promo" video some time ago...

Tue, 03/05/2013 - 16:47 | 3302054 ParkAveFlasher
ParkAveFlasher's picture

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.

Tue, 03/05/2013 - 16:56 | 3302095 redpill
redpill's picture

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!

Tue, 03/05/2013 - 16:53 | 3302085 cliffynator
cliffynator's picture

Hopefully, there will be an opportunity to sign up for the "real" classes at the seminar!

Wed, 03/06/2013 - 15:47 | 3305771 atm0sphere
atm0sphere's picture

free admission with a buy on Herbalife

Tue, 03/05/2013 - 16:57 | 3302096 Stock Tips Inve...
Stock Tips Investment's picture

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.

Tue, 03/05/2013 - 18:09 | 3302397 max2205
max2205's picture

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

Tue, 03/05/2013 - 17:36 | 3302236 thisandthat
thisandthat's picture

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?

Tue, 03/05/2013 - 19:28 | 3302753 mirac
mirac's picture

and what were you holding during the Flash Crash?

Tue, 03/05/2013 - 21:30 | 3303181 luckylogger
luckylogger's picture

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.

 

Tue, 03/05/2013 - 23:15 | 3303557 stant
stant's picture

the muppets are a getin in the pot uh hotub but theres a short in the water heater

Wed, 03/06/2013 - 10:35 | 3304543 DoneThis2Long
DoneThis2Long's picture

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!!!"

 

Tue, 03/05/2013 - 16:33 | 3301987 SheepDog-One
SheepDog-One's picture

Euphoria, delusion, bear trap, despair.....GEE they left out the part about surveilance drones and tanks and re-education camps??

Tue, 03/05/2013 - 16:35 | 3301994 redpill
redpill's picture

How about that x-axis!  "Time" - well that's fuckin specific guys!

Tue, 03/05/2013 - 16:36 | 3302007 SheepDog-One
SheepDog-One's picture

'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!

Tue, 03/05/2013 - 16:39 | 3302023 Shell Game
Shell Game's picture

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...

Tue, 03/05/2013 - 16:45 | 3302041 SheepDog-One
SheepDog-One's picture

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.

Tue, 03/05/2013 - 16:49 | 3302049 TruthInSunshine
TruthInSunshine's picture

Dow Reaches Record High, Spurred by Fed 
New York Times ‎-- 2 hours ago

What’s amazing about this bull market is that people still don’t think it’s real,” said Richard Bernstein, chief executive of Richard Bernstein Advisors, a money management firm. “We think this could be the biggest bull market of our careers.

 

How the Fed extricates itself is important,” said Mr. Bernstein, the money manager. “It could happen two, three, four, five years from now.”

 

In the meantime, he said, he remains confused about why more investors aren’t buying stocks. “I just don’t understand why people don’t want to play,” he said.

 

Derp-a-Derp

Tue, 03/05/2013 - 16:49 | 3302072 SheepDog-One
SheepDog-One's picture

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!!

Wed, 03/06/2013 - 04:15 | 3304017 mkhs
mkhs's picture

Does  it ever go to a second round?

Tue, 03/05/2013 - 16:53 | 3302083 redpill
redpill's picture

That article might put The Onion out of business.

Tue, 03/05/2013 - 17:17 | 3302171 Poor Grogman
Poor Grogman's picture

"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...

Tue, 03/05/2013 - 17:18 | 3302174 resurger
resurger's picture

Ben Bernanke is the "Hero who saved the world"

Why everyone hates him?!

 

Tue, 03/05/2013 - 17:38 | 3302245 Winston Churchill
Winston Churchill's picture

According to that same source,Adolf did the same at Munich.

Tue, 03/05/2013 - 16:48 | 3302059 Ham-bone
Ham-bone's picture

nicely summed SG!

Tue, 03/05/2013 - 17:29 | 3302212 TBT or not TBT
TBT or not TBT's picture

The "external threat vilification" and "wartime austerity" phases are missing.

Tue, 03/05/2013 - 16:33 | 3301988 Shell Game
Shell Game's picture

Where's the 'ol permanent gold backwardation and emergence of new monetary paradigm phase? 

Tue, 03/05/2013 - 16:34 | 3301992 Winston Churchill
Winston Churchill's picture

No senile dementia stage ?

Seems the players in the 'market' have  early onset.

Wake me up when the is 1400.Then I will buy.

Tue, 03/05/2013 - 16:37 | 3302011 kaa1016
kaa1016's picture

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.

Tue, 03/05/2013 - 16:39 | 3302024 Buckaroo Banzai
Buckaroo Banzai's picture

Stop it. That movie was great all the way through.

Tue, 03/05/2013 - 16:38 | 3302018 Buckaroo Banzai
Buckaroo Banzai's picture

+1 for Super Troopers reference. "Hey Farva, what's that restaurant you like with all the shit on the walls?"

Tue, 03/05/2013 - 16:45 | 3302046 FL_Conservative
FL_Conservative's picture

....well two out of three ain't bad......

Tue, 03/05/2013 - 18:51 | 3302606 slaughterer
slaughterer's picture

Wait until the Fed reflates AAPL for the "new paradigm" phase.

Tue, 03/05/2013 - 16:24 | 3301940 SnobGobbler
SnobGobbler's picture

"bull trap"  Love that shit!

Tue, 03/05/2013 - 16:24 | 3301941 Theta_Burn
Theta_Burn's picture

Wheres the frontal labatomy phase?

Tue, 03/05/2013 - 18:00 | 3302222 knukles
knukles's picture

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.

 

Tue, 03/05/2013 - 18:31 | 3302477 DeadFred
DeadFred's picture

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

Tue, 03/05/2013 - 16:40 | 3301946 TruthInSunshine
TruthInSunshine's picture

BTF'n non-Dip on the Bernankus Put!

 

Tue, 03/05/2013 - 16:28 | 3301948 CaptainSpaulding
CaptainSpaulding's picture

I'll take greed for 500 Alex

- Gordon Gekko

Tue, 03/05/2013 - 16:26 | 3301949 tmosley
tmosley's picture

Return to normal, I think.

Tue, 03/05/2013 - 16:27 | 3301954 malikai
malikai's picture

I think we're outside. Somewhere around "return to sender".

Tue, 03/05/2013 - 16:26 | 3301950 bobert727
bobert727's picture

Where's the "Don't Fade the Fed" phase?

Tue, 03/05/2013 - 16:27 | 3301951 ekm
ekm's picture

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?

Tue, 03/05/2013 - 16:49 | 3302070 Schmuck Raker
Schmuck Raker's picture

Q: "Which primary dealers is stuck to be the greater fool?"

A: Check the records of their campaign contibutions.

Tue, 03/05/2013 - 16:50 | 3302075 Panafrican Funk...
Panafrican Funktron Robot's picture

"Which primary dealers is stuck to be the greater fool?"

The taxpayer.

Tue, 03/05/2013 - 17:07 | 3302136 ekm
ekm's picture

Tax payers own no stocks.

Tue, 03/05/2013 - 18:20 | 3302464 auric1234
auric1234's picture

But they own all of the Fed's funny paper!

 

Tue, 03/05/2013 - 18:24 | 3302491 CH1
CH1's picture

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!

Tue, 03/05/2013 - 16:29 | 3301955 Kristian
Kristian's picture

Only the timeframe is undefined.

Tue, 03/05/2013 - 16:28 | 3301956 savagegoose
savagegoose's picture

oh the silver chart again

Tue, 03/05/2013 - 16:28 | 3301958 longjohnshorts
longjohnshorts's picture

Distorted Echo Phase.

Tue, 03/05/2013 - 16:29 | 3301962 insanelysane
insanelysane's picture

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.

Tue, 03/05/2013 - 20:18 | 3302933 BigJim
BigJim's picture

Relax; stocks have reached a permanent plateau.

Tue, 03/05/2013 - 16:30 | 3301969 q99x2
q99x2's picture

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.

Tue, 03/05/2013 - 19:37 | 3302776 mirac
mirac's picture

Hopefully we are at New Paradigm,or someone shoot me and put me out of my misery

Tue, 03/05/2013 - 16:31 | 3301972 Mark123
Mark123's picture

This is our 3rd "bull trap"in about 12 years right?  Got it.

Tue, 03/05/2013 - 16:32 | 3301976 disabledvet
disabledvet's picture

"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...

Tue, 03/05/2013 - 16:32 | 3301981 mayhem
mayhem's picture

i am betting we are between Delusion and Denial. Betting heavy. 

Tue, 03/05/2013 - 18:20 | 3302463 Poor Grogman
Poor Grogman's picture

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!

Tue, 03/05/2013 - 20:19 | 3302936 BigJim
BigJim's picture

And unsecured PMs are great ballast!

Tue, 03/05/2013 - 16:32 | 3301982 Critical Path
Critical Path's picture

What happens after three of those cycles?

Tue, 03/05/2013 - 16:36 | 3302000 Momauguin Joe
Momauguin Joe's picture

A real rain comes and washes all of the banksters off the face of the earth.

Tue, 03/05/2013 - 16:33 | 3301985 ForWhomTheTollBuilds
ForWhomTheTollBuilds's picture

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...

Tue, 03/05/2013 - 16:35 | 3301998 ForWhomTheTollBuilds
ForWhomTheTollBuilds's picture

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.

Tue, 03/05/2013 - 17:09 | 3302144 NoWayJose
NoWayJose's picture

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.

Tue, 03/05/2013 - 16:34 | 3301990 Watts_D_Matter
Watts_D_Matter's picture

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

Tue, 03/05/2013 - 16:36 | 3302001 Lady Heather...UNCLE
Lady Heather...UNCLE's picture

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.

Tue, 03/05/2013 - 16:53 | 3302084 Bingfa
Bingfa's picture

I wouldn't touch this market with a circus pole

I don't know how more transparent the manipulation could possibly get

 

Tue, 03/05/2013 - 17:08 | 3302140 ayanni
ayanni's picture

"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.

 

Tue, 03/05/2013 - 16:36 | 3302004 autofixer
autofixer's picture

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. 

Tue, 03/05/2013 - 16:37 | 3302014 Watts_D_Matter
Watts_D_Matter's picture

Tyler...love ya man...add a new comment to the graph...PRINTING STAGE!  ha

 

FUCK YOU  Bernacke!!!!!!!!!!!!

Tue, 03/05/2013 - 16:37 | 3302015 lolmao500
lolmao500's picture

DELUSION...

Tue, 03/05/2013 - 16:38 | 3302017 Lao Tzu
Lao Tzu's picture

s/mean/fundamental value/

Tue, 03/05/2013 - 16:39 | 3302022 monopoly
monopoly's picture

Insanity. But riots in insane aslyums can go on and on much longer than we think.

Tue, 03/05/2013 - 16:40 | 3302025 busted by the b...
busted by the bailout's picture

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.

Tue, 03/05/2013 - 17:59 | 3302324 css1971
css1971's picture

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?

Tue, 03/05/2013 - 16:42 | 3302032 SheepDog-One
SheepDog-One's picture

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!

Tue, 03/05/2013 - 17:53 | 3302293 Pareto
Pareto's picture

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.

Tue, 03/05/2013 - 16:45 | 3302040 Yen Cross
Yen Cross's picture

    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.

Tue, 03/05/2013 - 17:00 | 3302103 rubearish10
rubearish10's picture

What could possibly go wrong? A CB disconnect is highly impractical and could actually make some noise. NOT!

Tue, 03/05/2013 - 17:00 | 3302104 CunnyFunt
CunnyFunt's picture

YC, Any thoughts on the KRW?

Tue, 03/05/2013 - 17:30 | 3302211 Yen Cross
Yen Cross's picture

    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.

Tue, 03/05/2013 - 17:48 | 3302277 CunnyFunt
CunnyFunt's picture

Cheers, mate. While it's tempting to short risk, I've been lurking on the sidelines.

Tue, 03/05/2013 - 16:44 | 3302043 EclecticParrot
EclecticParrot's picture

I'd add a "Baking Soda and Vinegar Volcano" phase just past "Delusion" on the curve.

Tue, 03/05/2013 - 16:44 | 3302044 khakuda
khakuda's picture

Enthusiasm for equities, but Greed to Delusion for bonds.

Tue, 03/05/2013 - 16:46 | 3302048 Spastica Rex
Spastica Rex's picture

Toto, Kansas, blah, blah, blah.

Tue, 03/05/2013 - 16:47 | 3302055 SheepDog-One
SheepDog-One's picture

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.

Tue, 03/05/2013 - 17:01 | 3302107 Al Huxley
Al Huxley's picture

I think that comes after the 'buy 1.6 billion rounds of ammo and 2700 light tanks' phase... Oh, we must be close then.

Tue, 03/05/2013 - 17:03 | 3302119 Shell Game
Shell Game's picture

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..

Tue, 03/05/2013 - 17:05 | 3302100 Archetype
Archetype's picture

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.

Tue, 03/05/2013 - 17:02 | 3302109 MFLTucson
MFLTucson's picture

 "Greed" Or "Delusion"   BOTH!

Tue, 03/05/2013 - 17:03 | 3302115 Manipuflation
Manipuflation's picture

Anyone have a needle?  I need to pop something.

Tue, 03/05/2013 - 17:11 | 3302152 DelusionalGrandeur
DelusionalGrandeur's picture

...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!

Tue, 03/05/2013 - 17:22 | 3302191 ebworthen
ebworthen's picture

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.

Tue, 03/05/2013 - 17:27 | 3302205 Herdee
Herdee's picture

Love parabolic moves,eom

Tue, 03/05/2013 - 17:34 | 3302225 mind_imminst
mind_imminst's picture

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.

Tue, 03/05/2013 - 17:34 | 3302228 lasvegaspersona
lasvegaspersona's picture

Hmmm

"Seems we have a ways to go."

or it could just ........pop

Tue, 03/05/2013 - 17:35 | 3302226 lasvegaspersona
lasvegaspersona's picture

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)

Tue, 03/05/2013 - 17:42 | 3302263 mantrid
mantrid's picture

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..

Tue, 03/05/2013 - 22:20 | 3303371 ozziindaus
ozziindaus's picture

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. 

Tue, 03/05/2013 - 17:57 | 3302302 Dewey Cheatum Howe
Dewey Cheatum Howe's picture

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,

Tue, 03/05/2013 - 18:36 | 3302551 Motorhead
Motorhead's picture

Where's the little red dot which shows "You are here"?

Tue, 03/05/2013 - 19:18 | 3302711 Notarocketscientist
Notarocketscientist's picture

HERE'S SOME ADVICE FOR THOSE WHO ARE HOLDING EQUITIES:

> SELL NOW

> TAKE THE CASH AND BUY GOLD AND SILVER

 

Tue, 03/05/2013 - 20:12 | 3302900 Westcoastliberal
Westcoastliberal's picture

We're at the "new paradigm" stage right now, heading toward denial. And things are fucked up beyond belief, IMHO.

Tue, 03/05/2013 - 20:35 | 3302979 NOPOMO
NOPOMO's picture

At point in the process do you think we are? 

Tue, 03/05/2013 - 20:52 | 3303022 Treasurehunter
Treasurehunter's picture

If Dave Chapelle were an economist, he would probably say we are at the "I'm rich Biatch!" part of the cycle........

 

Tue, 03/05/2013 - 21:10 | 3303103 Likstane
Likstane's picture

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. 

Tue, 03/05/2013 - 22:12 | 3303344 ozziindaus
ozziindaus's picture

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/

 

Wed, 03/06/2013 - 08:06 | 3304184 zdk45
zdk45's picture

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...

 

 

 

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