• Sprott Money
    05/05/2016 - 06:02
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Daily Divergence: Pick The Odd One Out

Tyler Durden's picture




 

It's one of those days. US equity markets are levitating oin extremely thin volume against the trend in every other risk-asset market. Treasury yields are pushing lower as safety is sought, VIX is bid as protection is sought ahead of the weekend, credit markets are leaking lower (at lows of day), and JPY strength is not helping the carry traders... but then again, none of that matters... we need moar...because all that matters is a green Dow close for the week.

 

 

VIX bid versus stocks as it seems everyone wants protection going into the weekend...

 

and across the markets...

 

and FX carry

 

Must Close Green On The Week...

 

and summing it all up - US equities are on their own for now...

 

Charts: Bloomberg and Capital Context

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Fri, 03/22/2013 - 13:52 | 3362913 redpill
redpill's picture

It's fucking stupid.  Can someone give a single legitimate reason for stocks being valued at nominal record highs?

Fri, 03/22/2013 - 13:55 | 3362927 otto skorzeny
otto skorzeny's picture

legitimate? no. stay stupid-my friends.

Fri, 03/22/2013 - 13:57 | 3362937 James_Cole
James_Cole's picture

All reasons are legitimate, pick whatever works! China unstoppable, Euro solid as a rock, US booming economy!

Fri, 03/22/2013 - 14:03 | 3362963 Dr Paul Krugman
Dr Paul Krugman's picture

Speaking of rocks: What's gold doing? Silver?

Fri, 03/22/2013 - 14:04 | 3362972 toys for tits
toys for tits's picture

You're going to have to knock off these ad foruminum attacks or we're all going to leave.

Fri, 03/22/2013 - 14:14 | 3363014 mick_richfield
mick_richfield's picture

You just broke the Latin parser in my head.

Fri, 03/22/2013 - 14:54 | 3363188 El Viejo
El Viejo's picture

I thought Market Manipulation was Illegal.

Fri, 03/22/2013 - 17:09 | 3363799 Haager
Haager's picture

It's legal when "the masters" are doing it. Very soon it will become illegal to talk about it in public.

Fri, 03/22/2013 - 14:59 | 3363204 Stock Tips Inve...
Stock Tips Investment's picture

Since last November, the market is allowing us to make money if we are in the "long side". Why not? why waste time announcing disasters? Let's get out to the market that goes up now. When the market begins to fall, we will change place, we will in the "short side" and we can still make money.

Fri, 03/22/2013 - 15:13 | 3363281 mick_richfield
mick_richfield's picture

The market is only rising because it is being pumped full of newly created false 'money'.

That kind of 'money' is wealth stolen from all the people who use the FRN currency, including many who are forced to by 'their' 'government'.

I don't want to profit that way.

Fri, 03/22/2013 - 17:34 | 3363930 Umh
Umh's picture

Hurting yourself will not change anything.

Fri, 03/22/2013 - 14:14 | 3363018 knukles
knukles's picture

LOL

Worth having the little peckerhead here...

 

Fri, 03/22/2013 - 14:18 | 3363036 toys for tits
toys for tits's picture

Just paraphrasing what douchebag said yesterday before he ran away.

Fri, 03/22/2013 - 14:29 | 3363087 knukles
knukles's picture

He does that when challenged ...
from a distance ...
on line.

Fri, 03/22/2013 - 14:05 | 3362974 Dr. Richard Head
Dr. Richard Head's picture

Nestled nicely in a hole in the ground on my compound. 

Fri, 03/22/2013 - 14:06 | 3362982 Dr Paul Krugman
Dr Paul Krugman's picture

Awaiting the Second Coming I presume?

Fri, 03/22/2013 - 14:19 | 3363045 Dr. Richard Head
Dr. Richard Head's picture

I already came all over your stupid op eds.  Dropping loads on your loads of shit.

FYI - I know you aren't the real paper pushing Krugman, just wanted to vent.

Fri, 03/22/2013 - 14:28 | 3363084 Dr Paul Krugman
Dr Paul Krugman's picture

Yes, I am quite sure, you know me so well.

Fri, 03/22/2013 - 14:05 | 3362977 The Invisible Foot
The Invisible Foot's picture

Being manipulated by JP Morgan.

Fri, 03/22/2013 - 14:12 | 3363009 Dr Paul Krugman
Dr Paul Krugman's picture

There is no substance to that claim.

Fri, 03/22/2013 - 14:16 | 3363027 mick_richfield
mick_richfield's picture

Is so.

Fri, 03/22/2013 - 14:19 | 3363043 Dr Paul Krugman
Dr Paul Krugman's picture

Wasn't there a recent ruling?

Fri, 03/22/2013 - 14:22 | 3363059 The Invisible Foot
The Invisible Foot's picture

Yes the judge said "that while the investors showed that JP Morgan had the ability to influence prices, a fact the bank did not dispute." Go suck Lawrence O' Donald off now.

Fri, 03/22/2013 - 14:24 | 3363067 knukles
knukles's picture

No, it was dismissed on the grounds the plaintiffs could not prove harm.  The court decidedly stated that there is the clear and present likelihood if not unquestionable fact that the defendants could indeed manipulate said markets for their own benefits.

Read the fucking opinion of the court, not a synopses in the New York Times FFS.
Do some real research.

Fri, 03/22/2013 - 14:41 | 3363140 Dr Paul Krugman
Dr Paul Krugman's picture

So your opinion of the ruling is better than the reporting of the ruling; noted.

Fri, 03/22/2013 - 14:49 | 3363175 mick_richfield
mick_richfield's picture

Better?   More honest.

That's why people come here, you know.   (most)

And why the New York Times is dying along with all the other publications of the Ministry of Truth.

Fri, 03/22/2013 - 15:27 | 3363344 knukles
knukles's picture

My opinion of the ruling is as valid as that of the reporter to whom you allude.
In any case, the majority if not all of the reports which I've read reported it exactly as I've outlined above.  Not in the manner you suggest.  But then again, the New York Times does have its own reality....

Your comment to which I am responsding is, by the way, an ad hominem attack, implying my lesser knowledge skills.
Why must the wear always retreat to ad hominem attacks... as you've previously stated, sir?

Weak....

I am indeed glad you've noted that you've taken note and that you now feel that you stand corrected.
Thank you for your kind support.

Sun, 03/24/2013 - 17:34 | 3369627 All Risk No Reward
All Risk No Reward's picture

Paul,

He said...

"Read the fucking opinion of the court, not a synopses in the New York Times FFS.
Do some real research."

He pointed you to the source document.  Oh, that has you concerned, doesn't it?  You don't want "the rabble" nosiing around the source documents that might expose you and yours, now do you?

He didn't say "trust my opinion of the ruling."

Is your cognitive ability that deteriorated or are you being deceptive using your little straw man mixed with ad hominem logical fallacy?

While I'm exposing your lack of rational thought process or your attempt to deceive, I might as well follow up again...

--------------

You might have missed this question the last 2 times I asked it, so here we go for try number 3 (and yes, I will continue to increment the numbers until you answer the question):

If growth is defined in monetary terms and money is debt (interest bearing), please explain how exponential growth of debt is sustainable into eternity.

If money (debt) exponential growth is not sustainable into eternity, then WHAT HAPPENS WHEN THE EXPONENTIAL MONEY (DEBT) GROWTH FAILS?

TIA...

Fri, 03/22/2013 - 14:43 | 3363149 James_Cole
James_Cole's picture

The court decidedly stated that there is the clear and present likelihood if not unquestionable fact that the defendants could indeed manipulate said markets for their own benefits.

Here we go with the conspiracy theories - it's egregious slander to say that just because JPM could maniuplate prices they would actually do it. JPM is one of the most upstanding institutions in the history of humanity, run by saint-like 'America's Banker' Jamie Dimon. The last thing those guys would ever do is manipulate prices just to earn a extra few billion dollars or hide billions in losses. 

The fact that the senate even considers investigating such a hallowed institution is bad enough, now people on here are throwing arrows! 

What next? Goldman Sachs isn't doing God's work??

Fri, 03/22/2013 - 15:01 | 3363213 daveO
daveO's picture

Next? Senators caught w/ their pants down, of course! Just like Eliot Spitzer. 

Fri, 03/22/2013 - 14:05 | 3362978 francis_sawyer
francis_sawyer's picture

Speaking of rocks... How's the inside of your head doing?

Fri, 03/22/2013 - 14:17 | 3363026 Dr Paul Krugman
Dr Paul Krugman's picture

Jealous and ornery gold cockroaches, in their bunkers - for the last forty years - awaiting a nuclear holocaust.

Fri, 03/22/2013 - 14:21 | 3363054 knukles
knukles's picture

Don't you have something more constructive to do like further the Higher Educational System Scam of charging students ungodly amounts of money to regurgitate myths propagated by ignorant men rather than encouraging learning in a Classical Environment?

I thought not.

Fri, 03/22/2013 - 14:26 | 3363076 The Invisible Foot
The Invisible Foot's picture

Your so fucking old, it's called nanotechnology you fucking idiot. In about 5 years, thousands of 14 years olds will be able to make a weapon the size of your tits that will make a nuke look like the Roman catapult.

Fri, 03/22/2013 - 14:27 | 3363077 Charles Nelson ...
Charles Nelson Reilly's picture

Hey... look at me, I'm Dr. Paul Krugman, Friday's attention whore.

Fri, 03/22/2013 - 14:31 | 3363088 mick_richfield
mick_richfield's picture

I am so proud to bet against the world of central planners, of money-for-nothing and Nobel prizes for free.  I have always known that I will outlive that world.  I will live to see a world where people use whatever medium of exchange they wish, untroubled by smug, self-congratulating, and increasingly desperate tyrants. 

The transition to my world began in earnest 5 years ago, and is now accelerating exponentially. 

I look forward to its arrival with great gladness -- and with a box full of the money that free men will use.

 

Fri, 03/22/2013 - 14:43 | 3363151 Dr Paul Krugman
Dr Paul Krugman's picture

You almost make total doom sound cool.

Fri, 03/22/2013 - 15:02 | 3363216 El Viejo
El Viejo's picture

Free men used corn liquor until the resurgence of taxation and it's been downhill ever since.  

Fri, 03/22/2013 - 15:08 | 3363246 toys for tits
toys for tits's picture

"Jealous and ornery gold cockroaches...."

Is this the way you feel about the Indian people?


Fri, 03/22/2013 - 15:29 | 3363363 knukles
knukles's picture

And the Jews who sewed their gold into the hems of their clothes.
Guess the Good Doctor is also an anti-Semite

Fri, 03/22/2013 - 15:49 | 3363471 e-recep
e-recep's picture

idiot, anyone who bought pms right after the lehman collapse almost doubled the dollar equivalent of their holdings by today.

Fri, 03/22/2013 - 14:38 | 3363130 MassDecep
MassDecep's picture

"Speaking of rocks: What's gold doing? Silver?"

 

Exactly what we want them to do, so we can hoard more.

 

Fri, 03/22/2013 - 14:50 | 3363179 Dr Paul Krugman
Dr Paul Krugman's picture

Your hording is hurting the economy.

Fri, 03/22/2013 - 14:54 | 3363189 toys for tits
toys for tits's picture

Not the economy of the future.

The Fed has this economy covered.

Fri, 03/22/2013 - 14:58 | 3363203 mick_richfield
mick_richfield's picture

Your false money is hurting my people.

I'm not supposed to talk about this, but I recognized your face right away.  In the time that I come from, I saw old videos of you in the Crimes Against Humanity trials.

You didn't look much older than you do now.

 

Fri, 03/22/2013 - 15:04 | 3363222 daveO
daveO's picture

Better still, your hoarding is hurting the Parasites.

Fri, 03/22/2013 - 20:08 | 3364441 auric1234
auric1234's picture

Why? We increase velocity of FIAT by dumping it in exchange for real money.

For each dollar in worthless FIAT we spend, there's a multiplier effect that stimulates the economy! And it brings us a bit closer to hyperinflation which is what you central planners have been pursuing all along.

 

Sun, 03/24/2013 - 04:17 | 3367774 All Risk No Reward
All Risk No Reward's picture

Straight to hyperinflation is a false narrative.

"Central planners" are puppets for Biggest Finance Capital - the international banking cartel.  This is why the banks always win.  The banks are running the show.

The mega banks, the ones that run the show, are lending at 3% for 30 years.  That's not just a "tell," that's your opponent showing you his cards on his forehead!

Don't fret, the end game is likely hyperinflation, but you would do well to prepare for the deflationary spiked pit that is located between here and the hyperinflation.

Those with trillions in debt holdings and trillions in corporate cash will not hyperinflate their wealth away.  Rather, they will bust the debtors, turn the debt notes into real goods (houses, farms, businesses, water company, roads, electric company, etc...) and then hyperinflate - but by then it won't matter as they will have conquered the planet via asymmetrical Art of War methodologies.

Sat, 03/23/2013 - 22:22 | 3367492 All Risk No Reward
All Risk No Reward's picture

Hi Paul,

You might have missed this question the last time I asked it, so here we go for try number 2:

If growth is defined in monetary terms and money is debt, please explain how exponential growth of debt is sustainable into eternity.

If money (debt) exponential growth is not sustainable into eternity, then WHAT HAPPENS WHEN THE EXPONENTIAL MONEY (DEBT) GROWTH FAILS?

TIA...

Fri, 03/22/2013 - 15:04 | 3363225 Jack Sheet
Jack Sheet's picture

You talking about the unbacked paper comex price ? Or physical? When the latter, in what amounts? Good luck if it's more than a tube of krugerrands.

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