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Yet Another Market Top Indicator
Forget the multitude of divergences from any and every sense of real fundamentals (or other market structures) that the US equity market is exhibiting; deny for just one moment the existential crisis that is inevitably drawing closer by the day as the world's central bankers/planners truly believe they have the 'final' solution; there is only one fool-proof method of knowing what is coming next. As we noted in September 2012, just 13 days before QEternity was announced, Barron's provided the 'cover' and it seems with this week's 'exuberance' that they have once again provided confirmation. If nothing else, Barron's is great at picking points where Bernanke (or Yellen) feels compelled to save the market from collapse.
(h/t @Not_Jim_Cramer)
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The shadow under the bull on the POMO (not pogo) stick could be a hole, and not a shadow after all.......
Sell in May. Comeback in 2019.
1974. Front page headline Pensions and Investments "Are Bonds Dead?"
30 year treasury yield, 15 3/8%
Newspaper headlines have usually been a wonderful contrary indicator.
'Nuff said
16 yold actress trading stocks--> shoeshine boy moment
Greenspans "stocks can't go down" --> Irvin Fisher "permanently high plateau" moment
wecome to 1929, boys!
They forgot a zero. 16, 000
"Gold mining stocks could rise by 40%" on the front page. I think I like that article.
Well, I do not like gold stocks, despite what Andrew Bary says... I would rather have just the gold, as there are too many risks re the stocks.
Review of Barron's -- Dated 22 April 2013
http://tinyurl.com/d49j6cg
Or added one by mistake? Dow 1600 ???
"Sell in May. Comeback in 2019."
How about sell in May and move to the Cook Islands?
Front-run 'em. Sell in April.
That was a winning strategy for the last 3 years.
The real headline -
DOW 1,600!
The Barron's round table has had it's share of characters over the years. Some were pretty good, like Marc Faber. Some were disastrous, like Abby Joseph Cohen. I stopped reading Barrons and the WSJ after Murdoch took them over. The man is a snake and not to be trusted.
As far as cover (anti) bellwethers, they are historically speaking, pretty reliable. Check out some of the Newsweek, Business Week, and other financial rag covers from just prior to the dotbomb, housing, and financial bust. And also go back to just before the Stock Market crash of 1929. Some of the headlines were REAL DOOZIES!
You guys don't understand. The DOW will soar to new highs, probably 20k and precious metals will tank for the next 2-3 years. This will allow the cash-rich balance sheets to acquire 10x the precious metal they could have when GLD was at 190. It's all a game and to win you have to think like a crook. For the time being, enjoy the faux ride...it's not going to stop until Obama gets near the end of his term.
you beat me to it !
1:1 ratio with the annual insurance premium under Obama care. Bullish...........
Yeah, that bull is going to bounce higher....right into the Bernank's helicopter blades.
What a bunch of shit! In other news this is the only news website I can get to tonight.
Really?...
Da duh da duh da duh...
Government conspiracy to twist your mind into marshmallow Jello
I don't believe in the government, so that can't be it.
No, I just realized the 7 pages of porn I have open, updating and streaming may have something to do with it. Girls in gold boots with 1oz AGE nipple pasties and gold chain mail panties wiggling what the good lord gave them. Each for Silver, copper, platinum, rhodium, palladium.
Just appreciating barbarous relics.
Thanks for making me google that. Still couldn't find it but did find this.
That bull is gonna look pretty silly when his hooves slip.
If they had drawn the bull on a tricycle, that would have been ridiculous.
"Barron's is great at picking points where Bernanke (or Yellen) feels compelled to save the market from collapse."
Honestly, how can the Fed save the day this time? 250 a month in POMO? 500?
Ummm... YES... I'll cya in a couple of months to confirm this reply... [IOW ~ QE 2 infinity... Whocoodanode?]...
If you look closely the Bull on the Pogo... I mean Pomo stick is actually on a downward trajectory... and notice they omit the surface area where his stick is about to land. I'm guessing quick sand.. but how to decipher the 16000 ?
Yes...
In 15 minutes I start doing my Review this weekend of Barron's. There are TWO other places in Barron's this weekend where the writers are more bullish than I think is warranted. Indeed, a bad sign...
EDIT:
On the other hand, the S&P 500 is up some 6% + since last September (last bullish Barron's cover)...
Top left says "Don't look now but deflation looms" HA.
"Gold mining stocks could rise by 40%"
Fucking 'gold mining stocks' are the redheaded stepchild in this event...
~~~
The whole purpose for the sabotage on PAPER GOLD prices is to get marginal [& perhaps NOT SO 'marginal], goldminers to eat their hats on the oppressive power of JOOBUCK printers to wipe them out & force them to abandon their efforts on the cheap...
When the fuck are all you joo sychophants gonna learn?
Probably never, by the looks of it.
"Fucking 'gold mining stocks' are the redheaded stepchild in this event..."
What is your problem, sycophant punk? Gold miners will do what they always do - mine G-O-L-D.
Perhaps they are out of favor in the next (i don't know) week or two, but check back 2008...
Many of them will turn out to be 10x baggers + did you ever saw 5+% Dividends back then?
Miners definitely, in the play right now, unless dicks like you, decide to short 10 years lows, good luck on that.
The only way you could get me to buy Jr stock is with OPM. Unless you have insider info from TPTB, you are literally gambling.
Expect industry consolidation, per the Plan.
Industry consolidation = the jew bankers keep the paper price on Au & Ag down long enough to either put them out of business... OR, if necessary, have everything consolidated into JEW owned hands [or 'NATIONALIZED' ~ which is the SAME FUCKING THING]...
Welcome to the FREE JEW MARKET [in a JOOBUCK paper collapse] world...
Janet Yellen for MOAR QE. Where's 'Dog Breath Krugman'? chipping corners off his Nobel Piece prize to buy a loaf of bread...
Knukles: Hi Paul, welcome for joining us today on Knukie's Idiosyncratic View of Tomorrow Land, Today.
Paul Krugman: Thank you Knukles. But why may I ask do you call me names on ZeroHedge, it hurts my feelings and... (interrupted)
Knuks: Paul, if I may call you Paul, even though my producers suggested I call you CrazyKrug... (interrupted)
PK: That's just rude, I never called you any name, nor participated in ad homenien attacks on you, you fuclking asshole useless piece of goat turd.
K: Paul, our viewers would like to know something about your Nobel Prize.
PK: Yes, I was awarded the Nobel Prize for Economics by a whole bunch of amazingly smart people for my outstanding contributions to the science of Economics.
K: Errors of fact aside, I understand from your manservant and maid that you prominently display your Medal, your gold Medal, on the fireplace of your living room just below your self portrait and (interrupted)
PK (Shouting) What the fugl are you talking about slime-ball! How dare you ask my indentured unregistered Democratic servants any questions about my home or personal behavior which is none of your business and an invasion of my privacy. You're a spiteful person with your ad homeien attacks on my person, you sleazy character, just as you are on ZH when you try to torment me!
K: Well there you never answer my questions so now, maybe you will. What we are interested in is why you've not sold your gold medal since you believe it to be a barbarous relic?
PK: Because it has sentimental value and I like to own it. And its shiny. And they're hard to get. Scarce. Only a few around, finite supply, you know. And I deserved to own it because then people know I'm smart because I got it.
K: But that's why people own gold, Paul. But I suppose it reinforces the illusion you've accomplished something? Why do you need it for an ego boosting proposition.
PK: It has nothing to do with boosting my ego. it's all amatter of value, percieved value. And I can always pawn it if or sell it if I don't want it, anyway, since really is just a barbarous relic.
K: Did you know it is just gold plated Tungsten?
PK (yelling complete gibberish)
K: Thank you for being our guest tonight. And next week, we'll have a retrospective on the Many Career Successes of Tim Geithner with Tim Giethner. Good night!
PK: Knuckes, you messed up my evil plan.
K: isn't a million dollar$ metal (coin) enough to start your own 'Banana republic'?
PK: I need some extra rope, gold braided/
Nobel created all of the Nobel prizes in his will... But he didn't create the Nobel prize for economics.
More correctly it's called the "The Sveriges Riksbank Prize in Economic Sciences in Memory of Alfred Nobel" and was sponsored after his death by the Sveriges Riksbank. Which as it happens is the world's first central bank. Presumably Nobel didn't think economics was worthy of a prize and the Nobel foundation had to essentially be bribed in perpetuity to add the economics prize.
Like much associated with banking, the Nobel prize for economics is not what it seems.
The case for a bull market has of course run up against:
Euro depression China Recession US depression Deflation
Gold suppression Obamacare initiation Tax progression
Terrorist suggestion and reality
And in the other corner weighing in at 85 Billion/month is Bennie Moarbucks Bernanke, please shake hands and come out fighting.
I'm betting Bennie is a paper tiger (pun intended) and gets whupped but it remains to be seen how long the fight will last or truthfully what the outcome of this experiment will be.
This bull is so happy he never looked where he was going and fell down a pothole. Despite his valiant efforts and all the hopium he took, he became quickly acquainted with gravity again. Falling down the rabbit hole our bull met the bear -- who had a big grin on his mouth -- and bear was ever so cheered to see bull again, indeed he welcomes our bull with big flashing teeth and claws spread out in what would be the mother of bear hugs...
Sorry I'm high on oven-cleaner right now...
Open your wallets...be generous:10 Insanely Overpaid Nonprofit Execs http://www.thefiscaltimes.com/Media/Slideshow/2012/12/20/10-Insanely-Ove...
AAPL back to $700!
The iT.V. and the iWatch will turn everything around!
Economy crashing, stawks ramping! Buy stawks! Buy! Buy! Buy!
Not without MOMO ebbie. The markets are a Fed induced circle jerk. No players, outside the usual subjects. Everyone's tapped out or waiting to buy armageddon @ pennies post 84 , on the XAU.
Sums it up nicely.
Your funny sarcasm aside, one should be aware that one can -- and some will -- make moar money on the artificial Bullcrap market, that there are other and safer options.
Not all revenue streams come or need come from paper/tertiary assets. It should not be a medium of wealth storage, unless you're prepared to watch that portion of your total assets 'crash & burn'.
At this rate, with all the NWO wars going on and nobody left to milk, the Rothschilds and Rockefellers won't have a pot to piss in or a window to throw it out of. This year we will see the scum turning agaist one another. It is going to be a good year.
Fuck it, dude. Clicking on the Ukrainian Singles ad in 3...2...1...
I must be doing something wrong. I just get Tazo Green Tea ads and 250 business cards for $9.99 via FedEx Office....
Sad for you, but of course clicking on the ads is only for the purpose of supporting ZH with click through revenue. I wonder what Tyler would make if you actually bought one of the Ukrainians...
Since the Bernank is skipping Jackson hole I'm guessing that Baron's won't be picking the point where Benny boy save the system.
@ Doc Engali:
Bernank is skipping Jackson Hole because he'll be busy at Black Hole....trying to rescue the Bull that just fell into it.
Rest assured Doc.. 'Chair Satan' has his ' i-Shit' with him, @ Camp David<>
Of course they are going to stick save it. Get ready to go long if you are quick and able. Trade it like the casino it is.
I despise the centrally planned market but they are clearly going to save it because it is the Messiah's and the Bearded Clam's only salient, manifest talking point in favor of any form of success with the economy; as hollow as those words ring, given what we know.
The One and the Bearded Clam have made their true constituents very wealthy; it has been a very, verey good decade for their constituents.
Forget shorting it, you will just get chopped up.
You know why a crash is coming?
Because people are not buying stocks based on the past/future or expected performance of these companies.
People are buying stocks, because they see other people buying stocks.
And I would add, its not even people buying stocks, its banks with soo much counterfeit money on their hands they have no idea where to stuff it all.
When people "buy things" because "other people are buying them", that is a "trendy phase" and "trendy phases" get bit-coined.
Fundementals will always correct a market, all the market needs to correct is somewhere else "attractive and new and shiny" for people to stuff their currency.
The equity market is a bubble, and its not even a really good one at that, because when you adjust for inflation its flat.
Any dumb-ass can simply increase numbers by adding zeros.
The really challange is actually producing wealth (goods and services) that people want and need and that just isn't happening yet in the real economy.
The stock market is about as valuable as a stack of pokemon cards right now, sure they were worth something once, but soon they will be worth nothing.
A News Corporation Company
Dow Jones
You are making the classic mistake of conflating the economy with the stock market.
The U.S. economy is Highway 99 deadsville; Allentown PA all over, everywhere except on the coasts. The U.S. economy is moribund, walking dead.
The U.S. stock market, otoh, is on very powerful life support.
They correct it 5% when GS and the U.S. Senate is long puts; then run it back up. It will not act natural, i.e. as it should. It's rigged to the tits. Got that yet?
You, Ma'am, are a top calling troll and don't even know it.
Ma'am has a bout of 'sellers remorse' after shorting the hell out of ES in March. Don't miss the real top now folks.
All parabolics fail. A parabolic can be drawn on this market chart.
Gold went parabolic into its 1,900 high. People are now stunned that the bottom has fallen out of the gold market.
The market chooses to ignore what it chooses to ignore for however long it chooses to ignore it. Then it plays a game of catch up. The market is supposed to be a leading indicator of 6 to 9 months. Just 2 months before the 2008 recession, the market finally decided to listen to what the economy was telling it.
If one looks at IBD market charts one can count the distribution days.
i don't see it on SPX the parabolic is in short vix/vxx and its gonna take momma down with it..
I nailed this from a few days ago as to the outcome of Boston...not invading another country, but increased surveillance EVERYWHERE.
Authorities are debating whether or not video surveillance should be increased in the United States due to their importance in uncovering the suspects of the Boston Marathon bombings. Lawmakers are in talks about the importance of increasing surveillance and how CCTV (close-circuit television) cameras will be able to increase security and protect citizens as well as help authorities track down suspects.
Sure protected the Boston marathon goers. Like the police, CCTV doesn't protect. It just helps you clean up the mess afterwards.
If you want protection you have to do that for yourself.
Moar iphones, bitchez!
Please tell me this is made up.
No crash until the NAZ returns to 5000+ or makes a double top. Benny is going to find out that his QEternity is going to require steroids and then some. He will not allow any major crash; thus he will have to ramp up his money making mojo until all circuits finally blow (that will never happen since his machinery is powered by "green" energy).
The worry won't be if and when he will pull back on QE, but that he isn't gearing it up fast enough to hold up the rickety ole financial system. Remember, socialists/socialism never fails otherwise the idiot voters would have never voted for more of it... Besides, there will be tons of welfare to fall back on if the markets ever crash...
BUY GM...opps!
"Forget shorting it, you will just get chopped up."
If you jump in at the last moment, you will.
My, Buy, Buy, Buy!
Jeremy Siegel's bull porn orgasim.
That bull has no balls. Therefore, it's not a bull.
All the bulls I know have balls, man. Huge ones. Clankers.
We've seen this movie before. Now, as Spring Swoon 3 hits the theaters, the dollar rises giving the Euro a well-deserved break and the EU markets a boost, our market corrects, the Treasury gets many new non-FED BOND buyers (safe haven trade), rates move down to re-energize the bankster's mortgage money-making machine, commodities are trashed, and the maximum amount of money is extracted from the "late-to-the-party" investors. Then, in a couple of months when everyone is waiting for another big drop based on absolutely TERRIBLE DEFLATIONARLY news, Benny Boy rides in with his fellow central banksters who announce Double-Triple QE and it's off to the races again!!
Fully expect a double or more per month on QE. Maybe $170 billion/month or $200 billion/month and teh resultant US dollar crash. The Fed's final hurrah..
The headline DOW 16,000 by the middle of next year, doesn't bother to mention the harrowing ride down before the bounce up to get up there.
When Greenspan tells people to buy stocks, who is he seeking to benefit? It is not the people buying stocks after his pronouncement. It is to benefit his insider friends who need bag holders to distribute to. Greenspan is treating the public as Goldman treats its muppets.
I still remember a few years ago when Barrons had a pic of a roller coaster representing the housing market showing it about to take off again. Man were they wrong on that one!
As said in the previous comments count on Bubble Bernanek, Evans, Dudley and Yellen to double or triple on QE.
$170 billion to over $200 billion/month.
The Fed buying everything with print money.
Krugman's dream.
Fed controlling the markets with overwhelming QE. Crashing the US dollar.
I long for the day, when someone takes that Nobel Prize, and shoves it up Krugman's ass.
Alan Abelson - Barrons
Henry Blodgett - Business Insider
Vote who is the bigger douchebag (above).
LOL! This F**ks Up - the Oba shills and govt spooks who junk me. FU!
Futures are up 10. I do not think we are in a top. There is next to no selling in most names - they back off becuase of the index but have no trouble pushing higher. We are almost 30 pts higher than the low on Thurs already - that is 2%. If there was any resistance at all you would not get that much of a push. To boot its always on low volume.
3 years ago and back a low volume rally would elicit short sellers to take it to town. It would not entice institutional buying support - yet now that is the norm. There is yet any fund to challenge the bullshit that is going on. The algos are mostly geared toward running upside stops - you can see it with a volume study on 1 min charts. They repeatedly put 3-4k @ market to jam the market and then bid to hold it. This is almost always on the upside.
According to RBC Capital Markets:
http://www.scribd.com/doc/137274290/Chart-Essentials-for-the-Week-RBC-Capital-Markets
S&P 500
- The S&P’s short-term momentum data is very oversold, and a recovery bounce appears to be getting under way from support near the March–April range lows at 1538.
- Last Monday, the S&P fell below the uptrend line from the November lows and broke down from a multi-month “rising wedge” pattern.
- This pattern breakdown typically signals the potential for a sharp decline, and, in this case, targets the November 2012 lows as a possible objective.
Barons has me on their mailing list and is trying to sell me a subscription, glad i threw their offer away.
So.... either Bernanke or Yellen (Yellen is surle Obama's pick for Printer in Chief) will either add more POMO or... the Dow corrects 10%.
And the VIX is staying pinned at its bottom ?
Yep - the MSM pump to vacuum up all the lemmings and their cash at the top only to see it disappear in a few weeks.
Happy times.