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Victory: "A Few Good Men" Push The Market To New All Time Highs

Tyler Durden's picture


Appropriately enough, the S&P 500 closed at its all-time high closing price today on pretty much the lowest volume day of the year. Q1 ends with the Dow up 11.25% (on ever-decreasing volume) and the Long Bond down 2% (but don't expect a rotation as it was down 3.75% in Q1 2012). Gold and Silver down 3.6 and 6.4% respectively (as physical demand has surged) while WTI crude is up 4.25%. Ignoring the first day of the year's exuberant spurt, credit markets are unchanged and VIX is only modestly lower. Healthcare was the biggest winner in Q1, rising over 15%. The last time we had a Q1 as good as this? 1987... dun dun dun...

Mission Accomplished... (SPX unch, Gold/Silver +115%, Long Bond +30%, Oil +16%)


By a Few Good Men...


Well played...


and all it took was $8 trillion...




And the year so far...


and across the sectors...


and the last 2 weeks in Gold (yellow), Stocks (red), and Bonds (green)...


and the last two days exubernce in the indices looks a little comical compared to market breadth...


and compared to HY and VIX things look a little umm...


Charts: Bloomberg and Capital Context


Bonus Chart: What happened in 1987 - the last time we had such an exuberant Q1 (time-shifted by one quarter)...


and Homebuilders are on a roll - but wait, we've seen these kind of faith-based rallied before...


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Thu, 03/28/2013 - 16:08 | 3386553 fuu
fuu's picture


Thu, 03/28/2013 - 16:13 | 3386574 negative rates
negative rates's picture

Show me the CHECK!

Thu, 03/28/2013 - 16:19 | 3386598 The Juggernaut
The Juggernaut's picture

Bloomberg TV is trying to poo poo on bitcoin and its mystery... lol look at all the Central Banks and how THEY get money you Hitler-like propagandists!

Thu, 03/28/2013 - 16:24 | 3386625 Ancona
Ancona's picture

someday......when the last tree is cut down, you will wish you had a bit of that "valuable paper".


Thu, 03/28/2013 - 16:32 | 3386661 OutLookingIn
OutLookingIn's picture


Totally worthless.

A bunch of hot air blowing pieces of worthless paper around.

Thu, 03/28/2013 - 16:46 | 3386719 Stoploss
Stoploss's picture

Acid freaks..


Yall are trippin' boo!! Trippin!!

Thu, 03/28/2013 - 17:09 | 3386782 TruthInSunshine
TruthInSunshine's picture

The posting of a mere additional 6.34 spooz points today will have every Main Stream Media Outlet reinforcing just how twisted things are in the minds of tens of millions more Americans tonight & over this weekend, even if they don't technically understand why things are happening the way that they are.

Spread that cheer, MSM.

Thu, 03/28/2013 - 16:49 | 3386728 I am more equal...
I am more equal than others's picture

They know the truth but can't handle the outcome.

When this collapses the vacuum will suck someone extraordinarily evil into power.  History shows this over and over but this time the whole world will suffer.  Dogs will sleep with cats, the dead will rise .... ghost fiat money busters

Thu, 03/28/2013 - 17:22 | 3386823 scatterbrains
scatterbrains's picture

The only thing that stops BB from drowning us with fiat is if the major oil exporting countries suddenly break from dollar pricing. That's checkmate right there and that's what's coming at some point.  We'll just have to look for the signs I guess...but how do they work up the balls ? After all we're not building a massive drone fleet for nothing.  The first sand nigga that tries to step to BB's chin gets droned 10 minutes later best believe.

Thu, 03/28/2013 - 16:26 | 3386637 Cdad
Cdad's picture

Bitcoins are for "tin hatters" and terrorists.  Please speak to a State appointed counselor by tomorrow.

Propaganda = vitamins.

Please redraft your comments below and submit.

Thu, 03/28/2013 - 16:38 | 3386688 ACP
ACP's picture

That brings up a good long until one single bitcoin goes thru Afghanistan, and then Department of Injustice decides to charge every bitcoin owner with some bullshit under RICO and the Patriot Act?

Thu, 03/28/2013 - 16:51 | 3386738 Cdad
Cdad's picture

Please change to, "Good long until someone threatens America with a currency backed by nothing but a free market, and well all perish?  I love Big Brother."

Please note, there are free apartments available for those who do not speak correctly, or who exhibit what might be an unsafe tone.

Thu, 03/28/2013 - 16:35 | 3386677 orez65
orez65's picture

Bitcoin gets their "money" the same way that the Federal Reserve does: a computer entry.

Bitcoin is a scam just like the US Dollar.

Don't people ever learn?

Thu, 03/28/2013 - 16:44 | 3386709 Lost Wages
Lost Wages's picture

No, they never learn. They're going to pile into the new digital tulip bubble and think they are the smartest people on the planet... until they're not. 

Thu, 03/28/2013 - 18:57 | 3387111 Jack Napier
Jack Napier's picture

You guys don't understand BitCoin. It is a protocol with a built in predictable algorithm for deflation. It may be 1's and 0's, but it's not at the mercy of madmen with the exception that it is the only free market around, so anybody with mad funds can influence BitCoin freely, and likely is. It's nothing like the USD aside from being digital. There's nobody behind the curtain who can print BitCoins at will because the collective clients using it have to agree on transaction verifications. I would not invest in BitCoin though. I could have back at 4 when the first bubble popped, but I will not touch it because it relies on internet and electricity to function, too risky. Gold and silver for me. Phyz only.

Fri, 03/29/2013 - 05:14 | 3387961 RaceToTheBottom
RaceToTheBottom's picture

I thought it was processing power to do mindless calculations.  So the equivalent to money printing is processing power, no?

Thu, 03/28/2013 - 16:09 | 3386555 The Juggernaut
The Juggernaut's picture

Fuck you Bernanke and Co.!  And your little Krugman too!

Thu, 03/28/2013 - 16:37 | 3386685 camaro68ss
camaro68ss's picture

I see a FEMA camp for you in the near future with that kind of temper.

Thu, 03/28/2013 - 21:02 | 3387419 max2205
max2205's picture

Who here believes that there is no way the market could hit all time highs with AAPL down 40% without that fuckhead Ben buying IWM and SPY with printed money. What bunch of dickheads

The market should be down at least 30% from LAST Sept-Oct...but nooooo

Thu, 03/28/2013 - 16:08 | 3386556 CvlDobd
CvlDobd's picture

I feel free!

Thu, 03/28/2013 - 16:21 | 3386581 Cdad
Cdad's picture

Unfortunately, that clanging you just heard was not the Liberty Bell...but rather the gate closing behind you.  Welcome to Wall Street and "the market."  Let's see here...what's in your wallet?

F'n tourists....

Thu, 03/28/2013 - 16:25 | 3386629 CvlDobd
CvlDobd's picture

Not much.

I got a 96% haircut from a major US bank in 2012.

I'd say more but I'm not sure if they know I'm on the old Hedge, and I can't afford another lawsuit at the time being.

Fuckin' America.

Thu, 03/28/2013 - 16:49 | 3386720 Lore
Lore's picture

The magnitude of the message mustn't be lost. The market is being gimmicked into something AWFUL. There's going to be BLOOD IN THE STREETS.  It's going to be AWFUL.

"Then I will draw near to you for judgment; and I will be a swift witness against the sorcerers and against the adulterers and against those who swear falsely, and against those who oppress the wage earner in his wages, the widow and the orphan, and those who turn aside the alien and do not fear Me," says the LORD of hosts." Malachi 3:5

Thu, 03/28/2013 - 17:11 | 3386791 negative rates
negative rates's picture

So does that mean ur fer r again it?

Thu, 03/28/2013 - 18:56 | 3387119 vulcanraven
vulcanraven's picture

"Rolled up aces over kings. Check-raising stupid tourists and taking huge pots off of them. Playing all-night high-limit Hold'em at the Taj, "where the sand turns to gold." Stacks and towers of checks I can't even see over"

-Jamie Dimon

Thu, 03/28/2013 - 16:11 | 3386560 ParkAveFlasher
ParkAveFlasher's picture is consolidating.

Thu, 03/28/2013 - 16:25 | 3386627 TeamDepends
TeamDepends's picture

The grabbing hands

grab all they can

Thu, 03/28/2013 - 16:37 | 3386683 ziggy59
ziggy59's picture

Everyone else?, is grabbing their ankles

Thu, 03/28/2013 - 16:43 | 3386705 TeamDepends
TeamDepends's picture

It's for the common good.

Thu, 03/28/2013 - 19:42 | 3387215 Cathartes Aura
Cathartes Aura's picture

. . . all for themselves, after all

it's a competitive world.

Thu, 03/28/2013 - 16:12 | 3386568 Lordflin
Lordflin's picture

Time to get back out of gold and silver and back into the market... or not...

Thu, 03/28/2013 - 16:15 | 3386586 Cdad
Cdad's picture

Everything you have...right now in the after hours...on Netflix.  For sure winner...

Thu, 03/28/2013 - 16:12 | 3386570 Devils Advocate
Devils Advocate's picture

The last chart will never happen!!

Thu, 03/28/2013 - 16:13 | 3386571 digitlman
digitlman's picture

Thu, 03/28/2013 - 16:22 | 3386616 Cdad
Cdad's picture

You meant to say, ""  /// Redraft and submit.

Thu, 03/28/2013 - 16:26 | 3386638 CvlDobd
CvlDobd's picture

I'm getting a POMO tattoo tomoroow afternoon. Gonna get mad bitches in the club tomorrow night.

Thu, 03/28/2013 - 16:13 | 3386575 RSBriggs
RSBriggs's picture

Mo Po Mo. 


Billions and billions Mo PoMo....

Why would the market go down?

Thu, 03/28/2013 - 17:14 | 3386799 negative rates
negative rates's picture

Why not, no insurance is no insurance, plain and simple.

Thu, 03/28/2013 - 16:13 | 3386578 adr
adr's picture

Now that the S&P has made it into the record books, do they keep going for the trifecta, or do they let the thing go free?

There is a long way to go for the Nasdaq. Can Ben hold the world together until they print that baby back to 1999?


By the time they get the Nasdaq to break records, I think dog meat curry might be the best thing we can hope to eat. A delicacy compared to coon fritters and squirrel tail.

Thu, 03/28/2013 - 16:24 | 3386619 Cdad
Cdad's picture

Squirrel is quite tasty, and good for you.  And you like it.  I'm sure that is what you meant to say.

Thu, 03/28/2013 - 16:33 | 3386669 adr
adr's picture

But cousin Eddie said they were high in cholesterol

Thu, 03/28/2013 - 16:53 | 3386746 Cdad
Cdad's picture


redraft and submit.

Thu, 03/28/2013 - 22:34 | 3387626 helping_friendl...
helping_friendly_book's picture

I have squirrels in the attic. Now I should start breeding them for soup?

Thu, 03/28/2013 - 17:18 | 3386810 negative rates
negative rates's picture

Keep your eye on dow 15,000. And the level of hertz which is humanly sustainable by the Fed. I'm thinkin no more than 18,000hz and dow by say middle of next year. Of course treasuries will have tanked by then, and so if the threshold is 16,000, when then all bets are off beyond May.

Thu, 03/28/2013 - 21:05 | 3387426 max2205
max2205's picture

Next step for the shit out of tech, ie AAPL

Fri, 03/29/2013 - 03:46 | 3387908 jvetter713
jvetter713's picture

Coon fritters...I just spit some coffee out laughing so loud.

Fri, 03/29/2013 - 05:20 | 3387963 RaceToTheBottom
RaceToTheBottom's picture

Roadkill is dependant on a comlex formula based on the price of gas, the width of pickemup tires, the number of pre 65 pickemup trucks on the road, the employment numbers of the drivers and the hunger of the squirrels.

Thu, 03/28/2013 - 16:14 | 3386579 BringingTheRukus
BringingTheRukus's picture

Encierro, bitchez!

Thu, 03/28/2013 - 16:20 | 3386580 EclecticParrot
EclecticParrot's picture


Suzy Algo:  “It’s 3:00 – what’s the game plan today?”

Jhonny Algo:  “A countertrend fake-out, then goose the weaker shorts.”

Suzy:  “Again ?! ”

Jhonny:  “The bank programmers who created us – they’re not very imaginative.”

Suzy:  “How about a breakout failure spiking down to a bayonet candle?  I call this a 'Dead Unicorn'.”

Jhonny:  “ Nice!  Or we could mess with the Fibonacci levels again – drives ‘em nuts."

Suzy  (giggling):  “Fibber-Yahtzee?  That’s a charcoal grill that overthinks -- uh,  I mean overcooks everything, right?"

Jhonny:  “More like a fancy dessert that melts before you can eat it.”

Suzy:  “Here’s a thought:  if we let day traders win occasionally, wouldn’t they waste even more money?”

Jhonny:  “Well … it’s counterintuitive, but if they ever won big, they’d become suspicious and quit.  By keeping success mathematically impossible, we only fuel their determination.  Have you read ‘The Myth of Sisyphus’?”

Suzy:  “Oh god -- Camus is so 1940s.”

Jhonny:  “Careful,  he’s the patron saint of day trading.”

Suzy:  “Enough talk – time to stick a pin-bar through a trader’s thorax.”

Jhonny  (sniggering) :  “Liquidity, I am thy servant  . . . ”


Thu, 03/28/2013 - 16:35 | 3386680 Ol Man
Ol Man's picture



It's funny...CAUSE IT'S TRUE!!!!!



Thu, 03/28/2013 - 16:50 | 3386733 speck
speck's picture


Thu, 03/28/2013 - 16:15 | 3386584 MrBoompi
MrBoompi's picture

That bonus chart just made me shit my pants.....

Thu, 03/28/2013 - 16:41 | 3386697 EclecticParrot
EclecticParrot's picture

Yeah, thanks to 'Bennie and the Feds', no need for a high fiber diet anymore . . .

Thu, 03/28/2013 - 16:15 | 3386585 gould's fisker
gould&#039;s fisker's picture

It must go higher, ever higher . . . TD why drag "the truth" into this, what's that again anyway? I've forgotten.

Thu, 03/28/2013 - 16:17 | 3386589 SmallerGovNow2
SmallerGovNow2's picture

So the DOW is up 11% in ONE QUARTER?  44% if it continues at this rate annualized?  Yeah, this is sustainable...

Thu, 03/28/2013 - 16:23 | 3386618 adr
adr's picture

Wait until we get +200% quarters. IMAGINE THE WEALTH EFFECT!!!!

If muppets don't jump in to that pool, nothing will make them.

Right now there is a pretty hot girl swimming naked, but she isn't really looking at you. When Ben throws a dozen Victoria's Secret models in there all masturbating telling you to join them for some fun, then we'll all jump in. Of course it means we'll pretty much die from exhaustion the next day, but at least it will be fun.

Like everyone in Zimbabwe, we'll be trillionaires. Of course we won't even be able to buy toilet paper.

Thu, 03/28/2013 - 16:31 | 3386652 McMolotov
McMolotov's picture

"Can.... you feeeeeeel.... the Wealth.... Effect?????"

/Elton John

Thu, 03/28/2013 - 16:17 | 3386590 adr
adr's picture

Now we just need to grow into the triple digit P/E valuations of most of the stocks that got us to this record close.


Thu, 03/28/2013 - 16:18 | 3386592 bdub2
bdub2's picture


Thu, 03/28/2013 - 16:29 | 3386647 Cdad
Cdad's picture

You meant to say "happy."  Watch your tone.  Redraft your comments and submit.

Thu, 03/28/2013 - 16:19 | 3386597 davhay
davhay's picture


Thu, 03/28/2013 - 16:38 | 3386689 Charles Nelson ...
Charles Nelson Reilly's picture

Dude, "Faggots" is not the preferred nomenclature. Queers, please

Thu, 03/28/2013 - 16:52 | 3386743 RichardENixon
RichardENixon's picture

I was just getting used to "Fudge Packers"

Thu, 03/28/2013 - 22:14 | 3387588 helping_friendl...
helping_friendly_book's picture

I enjoy calling them fart-lickers.

Thu, 03/28/2013 - 16:24 | 3386611 Hongcha
Hongcha's picture

Like I said before (2 failed and one successful short positions ago) - it's like a sprinter on meth.  When it slows, it crashes.  A certain relatively small correction could snowball quickly.  And yes, I despise them and want some satisfaction seeing it go down.

The plunger is taped to the Bernank's palm and he is just hitting it, hitting it.

Well, I'm loaded up again, 2/3 short at 156.50 and the last 3rd at 156.80.  See you tomorrow. 

Thu, 03/28/2013 - 16:29 | 3386648 Devils Advocate
Devils Advocate's picture

Good Luck with that!

Thu, 03/28/2013 - 18:12 | 3386999 LongBallsShortBrains
LongBallsShortBrains's picture

That's ballsy.

Easier to btfd

Thu, 03/28/2013 - 16:22 | 3386614 azengrcat
azengrcat's picture


Thu, 03/28/2013 - 16:24 | 3386623 fuu
fuu's picture

That first chart is fucking beautiful.

Thu, 03/28/2013 - 16:28 | 3386644 Not Dutch not much
Not Dutch not much's picture

The longer we are wrong,the more right we will be!!

Thu, 03/28/2013 - 16:30 | 3386654 Dr. Venkman
Dr. Venkman's picture

Glad the nominal high is out of the way. Look forward to TPTB and talking heads determining what the next metric to pump the market is.

Thu, 03/28/2013 - 16:30 | 3386658 Jason T
Jason T's picture

you guys a just brilliant!  seriously.  love this shit.

Thu, 03/28/2013 - 16:40 | 3386693 Bay of Pigs
Bay of Pigs's picture

Bend Over America, we're driving to Cleveland!

Thu, 03/28/2013 - 16:43 | 3386703 khakuda
khakuda's picture

Who would have known that just by printing money we could all be so wealthy!  Those bankers are geniuses.  We are not worthy.  No need to work or gain skills or make or do anything at all for money.  All we need know is unlimited free zero calorie chocolate.

Thu, 03/28/2013 - 16:46 | 3386717 mayhem_korner
mayhem_korner's picture



Time to bail out.

Thu, 03/28/2013 - 16:49 | 3386725 Quinvarius
Quinvarius's picture

Look at the positioning at the bottom:

Check commodities.  Check gold.  Check the data.  This whole liquidity rally in stocks is confirmed by nothing.  It does not feel right. It looks like a bridge to nowhere on the chart.  It really reminds me of the end of the Nasdaq in 1999.

No matter what it does from here, I am pretty sure you will be able to get stuff cheaper here pretty soon.

Thu, 03/28/2013 - 16:49 | 3386726 adr
adr's picture

I tried explaining how worthless the stock market is to 90% of the people to my father in law who is in love with Jim Cramer.

I said, "So if a person has ten grand and invests it in a general market tracking ETF, and the market doubles in a couple years, he has $20k, less with taxes if he sells. If he sells the profit, the best he can do with the ten grand is go on a nice vacation for a week. $10k can't even buy a new car. Putting in a nice new bathroom costs almost $20k today. Maybe he keeps the money in the market, maybe buys some dividend paying stocks and reinvests them. Over 20 years the $10k grows to a hundred thousand, inflation at the going rate will eat all of that. Perhaps he gets lucky and hits a stock that jumps 400% in a year. Wow, now he can buy a new BWM with no options. That isn't a life changing event. Say the guy has a $50k a year job and loses it. The gain from his stocks won't even make up a year's worth of lost salary. So the stock market isn't even close to the worth of an above average job."

He replied with, "That is why you have to be smart and watch shows like Mad Money and follow investment advice to get in front of the trends. If you put $10k into a stock that doubles in a month, and then pick another stock that doubles, maybe has a 4/1 stock split and then continues to go up. You'll turn $10k into a few hundred thousand in less than a year."

I replied with, "So how much money have you made? Will my wife get a million dollars when you die?"

I'm wondering when I won't be allowed to come over anymore.

Thu, 03/28/2013 - 16:50 | 3386734 ali-ali-al-qomfri
ali-ali-al-qomfri's picture

A few good men…. or these guys,  the 4 stoic faces to be chiseled out of granite on Mount Flushmore

No one has done more in the history or fiat paper money to flush the value than these four noable men.

Thu, 03/28/2013 - 16:52 | 3386740 Tsar Pointless
Tsar Pointless's picture

S&P 1600 next week!

Woo-hoo! That makes this unemployed bastard feel wealthier.

Thu, 03/28/2013 - 16:57 | 3386753 adr
adr's picture

Invest your unemployment check in the market. Maybe in a month you'll have an extra $200.


Thu, 03/28/2013 - 16:57 | 3386752 broken87
broken87's picture

I like boobies

Thu, 03/28/2013 - 17:00 | 3386759 adr
adr's picture

What kind of boobies? Big, small, little more than a handful? 

Sarah Randall big?

If you like big boobies you'll thank me.


Thu, 03/28/2013 - 17:08 | 3386775 q99x2
q99x2's picture

dun. Year 2018. The most wanted men in the world.

Thu, 03/28/2013 - 17:09 | 3386777 chart_gazer
chart_gazer's picture

This will probably attract a lot of down arrows, the reality is they want the market up. They have unlimited funds to make it go up. they control the indicators for the economy (employment, inflation etc.).  There has been no event that can stop them.  The wealth effect is the only channel to derive revenue in a stagnant economy.  Listening to anyone reading a chart or looking at fundamentals from the past is just a frustrating experience.  There is no comparison, we have never been here before. This can, and will go on for a long time, until that "one thing" makes a difference.  I have not seen one person be able to identify what it is.


Thu, 03/28/2013 - 18:17 | 3387010 helping_friendl...
helping_friendly_book's picture

Japan has been in QEternity for 20 they sell more adult diapers than infant diapers.......10,000 boomers retiring every day in the USA.......If they turn off the flow the Great Depression will seem like a picnic.

Thu, 03/28/2013 - 23:13 | 3387703 Not My Real Name
Not My Real Name's picture

Nobody knows for sure, but I suspect it'll be when supply/demand pressures finally force the price of phyz gold and silver to decouple from the fantasy paper world.

Fri, 03/29/2013 - 04:26 | 3387942 Disenchanted
Disenchanted's picture




"This can, and will go on for a long time, until that "one thing" makes a difference."



Thu, 03/28/2013 - 17:13 | 3386798 dolph9
dolph9's picture

We live in a corrupt and degenerate age.  Bread and circuses.

Best of luck to you all as you navigate these treacherous waters.

Thu, 03/28/2013 - 17:24 | 3386829 Yen Cross
Yen Cross's picture

     I've heard that more people die on 'descent', then on 'ascent' of mountains.

   Ref; Global Central Bank Balance Sheet.

Thu, 03/28/2013 - 17:35 | 3386870 Bansters-in-my-...
Bansters-in-my- feces's picture

I would like to see a photo of all those mens Boss ,cause those guys are still just servants.

Right Mr Redshield.???

Thu, 03/28/2013 - 17:36 | 3386873 ebworthen
ebworthen's picture

"Gosh, look at those markets, maybe I should buy some stocks?"

Famous last words.

I can't believe the number of stocks that are up over 100% in just the past year; not on earnings or fundamentals or revenue projections - simply speculation.

Old ramped favorites of last year or the year before hammered down.

Low-low-low volume.

The robots are rotating in and out of sectors and names within sectors.  They are doing the same with PM's, Oil, Nat. Gas, and other commodities.

The cotton candy spun by the bunch that brought you the last two crashes only cost $8 Trillion this go around (on the surface).

"Stop the World and let me off, I'm tired of going round and round."

Thu, 03/28/2013 - 17:39 | 3386890 PontifexMaximus
PontifexMaximus's picture

Well done! A little bit of Cyprus, a little bit of POMO and a little bit of liquidity harakiri and everything is ok. What to care about? Close all the universities, u just need 3,4,5 or.... CB and the world is going round. Does Harvard know that?

Thu, 03/28/2013 - 17:39 | 3386891 realtick
realtick's picture

How To Make A Bear's Head Explode - The Dow Jones Industrial Average Adjusted For Producer Price Inflation

Thu, 03/28/2013 - 17:43 | 3386906 Cacete de Ouro
Cacete de Ouro's picture

These central bankers have no authority except the authority invested in them by politicians on the advice of investment bankers. A revolution will sort that out.

Thu, 03/28/2013 - 18:08 | 3386987 razorthin
razorthin's picture

Dow to 3300 by 2018.

Can't fukking wait.

A few dead men.

Thu, 03/28/2013 - 18:13 | 3387003 StarTedStackin'
StarTedStackin&#039;'s picture

What HASN'T the O'Bowel Movement lied about?

Thu, 03/28/2013 - 18:24 | 3387031 Poor Grogman
Poor Grogman's picture

A few good men?

Look at them carefully, who do they serve?

Themselves, an ideology, the money changers, or some other entity?

The concentration of power is almost complete, eventually we will see only one...

Fri, 03/29/2013 - 00:44 | 3387811 Hive Raid
Hive Raid's picture

We won't see only one. There is only one but we see three. We call that a Jewish hologram.

Thu, 03/28/2013 - 19:06 | 3387138 jtlien
jtlien's picture

Looks like the S&P peaked a couple months ago in bitcoins.  Was trading in January at 70x bitcoin.

Now that bitcoin is 77, S&P is at 20x bitcoin.  Quit a crash...

Bitcoin took quit a hit today.  Could be start of the bitcoin crash which last time was followed by the Gold/Silver run to the peek.

Thu, 03/28/2013 - 19:42 | 3387212 orangegeek
orangegeek's picture

Market volume wasn't at its lowest, but market volume in general is way down.


Maybe if governments shut the banks in a few more countries, they can make stock indexes go even higher.

Thu, 03/28/2013 - 19:52 | 3387234 hannah
hannah's picture

when was the last time we had such a great first quarter and the fed did a pomo every day of the month.


when was the last time we had such a great first quarter and the fed spent $85mil every month.


when was the last time we had such a great first quarter and the fed gave europe a trillion dollars.


the problem with history is that the fed never printed for 5 years so how do ANY FUCKING STATS EQUATE TO TODAY....!!!!!



Fri, 03/29/2013 - 12:10 | 3388625 Roland99
Roland99's picture

Back then, IU beat Syracuse

Syracuse won last night so that surely must mean this time is different!

Fri, 03/29/2013 - 15:40 | 3389227 Not Dutch not much
Not Dutch not much's picture

"Stock prices seem to have reached what looks like a permanently high plateau"

Do NOT follow this link or you will be banned from the site!