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Just Plain Silly
Presented with no comment...
US Macro data is its worst in 8 months...
(note - the US Macro index is Bloomberg economic surprise index which not only tracks absolute performance but relative to consensus - so we missing expectations and macro data is dropping...)
and the markets are just as stunned by equity exuberance...
Charts: Bloomberg
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we can do better, it's time to bring back... http://en.wikipedia.org/wiki/Mary_Meeker
At the moment, it certainly appears that Wile E. Coyote has finally escaped gravity.
Just plain phony.
6 months from now......
"Who could have seen this coming? Shocked. SHOCKED that the market crashed....."
Paul Krugman will have a perfectly rational explanation for this, which may or may not involve an Alien threat.
Divining these charts and the image that matreializes for me is a monster with a gaping maw waiting to devour sheeple in droves.
Hilarious.
Tyler,CNBCs' Greenberg defending your MS article grab and Chief BSer,Cramer,is ranting and salivating like a bull in ring ready for coupe de gras ! FYI
When I used to watch CNBC any mention of Zero Hedge was met with the commentators screwing up their faces like five year olds being presented with a plate of dog shit to eat, while simultaneously uttering "ewwww" in unison. I'm sorry I missed the one moment when someone from that crew actually defended ZH.
Yet we are told that gold is the asset class in a classic bubble.
Jesus don't you know some bigs are unloading into this gift.
Tepper selling AAPL was a huge warning sign.
http://www.insidermonkey.com/blog/apple-inc-aapl-billionaire-david-teppe...
Where there's smoke there's fire.
and there's applesauce.
I get a kick out of scanning this page daily.. the obviously huge amount of insider sells to buys has been like this for months.
http://www.finviz.com/insidertrading.ashx?tc=7
Yet... up, up, and away we go.
Is the impending reconciliation of the above, and all the lovely unintended consequences, the reason behind this?
The key is in the ignition, they were just waiting to turn it (a la William Binney). I think we are already past first gear, what about you?
Man, all those indicators/"markets" will have to chase realllllllllly hard to catch up with 'dem stawwwks. Stawwwwks seem to know a lot of something nobody else knows.
I received this email yesterday.
What should I do? Claim my cheque?
I think this is the same group that drained NY area ATMs to the tune of 45 million and now they are looking at ways to disburse the funds. Lucky me!
I got something similar from the Bank of Zimbabwe about lotto winnings.....I followed the prompts and I am sure my honorable winnings will be arriving in the mail in no time! I bought a new loaded BMW 7 series to celebrate!
moar.....401K........bullish!
walkure, My gut feeling is that Mr Roger Ferguson is a fake.
How much of it will simply evaporate at some point?
This article is so dumb Tyler..... what does buying equities with printed USD have to do wiith the macro economy?
Get a grip dude - learn the new math. 1+1 = whatever Ben the printer Bernanke says it is.
Benjamin Franklin started his career as a printer, Benjamin Bernanke finished his career as a printer.
The stock market should be an accurate representation of the macro economy. If you read it, you'd see that he mentions in the face of macro events coming in well below expectations (or baseline for growth) the S&P keeps ripping higher.
LOL - "stawwwks should be accurate representation of the economy"...good one.
Let's play this game for fun - what exactly are stawwwks at this level pricing in 6-9 months from now???
Yo nope - you are reading from an old text book dude. is your index finger tired yet ?
My comment above seems to be just beyond your grasp (and other other junkers). Of feckin' course the staawwk market should be somewhat reflective of economic blah blah blah... has it been for 4 years..? Where or what the feck have you been thinking about?
You must be new here or just had an ObamaCare sponsored labotomy. Pay attention to Ben vs Ben comparison in the lat line of my post.
Ha Ha. I think he forgot to check your name.
He needs the magic snark sign.
Ohhh...I see what the Tyler's problem is now. They are using that outdated thing...that 'data' thingy. Data is a barbarous relic. And 'macro'...I mean really! Everyone knows that 'nano' is the shit these days.
This manipulation and distortion is really swell. So what is the end game? 911 Part Deux perhaps.. Maybe WWIII.. Possibly Banksters go to jail.. This is sooo exciting!
baksters in jail??? who needs a jail, just gimme a rope...
waterboard them first. Then the racks. Then sexual mutilation and degradation. Pain will help purge their souls. If they have any chance of salvation, they must repent and suffer. No chance -but the pain and suffering will help them into a smoother transition for their just reward which will come upon their demise. However, I do not approve of cutting out and eating their hearts. That would be barbaric and definitely not approved and sanctioned by Obama and Holder. Maybe Bush/Cheney or the next Republican administation, but probably not Obama. He's a man of peace. A Harvard grad.
No one expects the Spanish Inquisition!
The S&P follows the Fed balance sheet, if the Fed balance sheet goes up, the S&P goes up. It's that simple.
Here are my questions of the day:
If equities are all that are up, and everything else is down, then doesn't that mean the economy has already crashed?
Why do we watch every day for the S&P to finally confirm what we already know?
Who could possibly make reasonable profits by entering the market now? Or, even staying in?
Cracks are showing.
Pull your pants up then.
Central Banker repairman crack!
For the educated ones, this phenenoma of a bubble is a miracle for the investor! - being that you can multipy your intitial investment by x10 or more if you rode the way up, as well as placing a proper and all-in short.
BUBBLE BITCHEZ!
I guess I picked a bad decade to buy SDS.
That was me in 2009.
As an alleged student of the depression, Bernanke likely is under the impression the reason there has never been a successful federal intervention in financial markets that achieved its stated goals was because there was not enough money thrown at the problem for a long enough period of time. The end game is he plans on emptying the trough.
The trough cannot empty. There is no trough.
All in all, Bernanke is not as stupid as he acts. He is infact an expert liar.
He is forced to lie, but why? - Simply to fufill the wishes of HIS masters, and to keep himself of out trouble.
His masters want inflation, and want a fucked up economy for 90% of the population, while they live like kings.
Remember the "Confessions of an Economic Hitman" everyone.
But until it blows I still would NOT short this market. I take a contrarian view. Gold, Silver and quality miners. Yup, way red on all, but that is OK> This too shall change.
Exactly. Even when it does crash, you figure they will announce major major intervention after the close one day, and the market will open the next day up 30% and you never get to close out the trade. Who knows the specifics of the journey, all I know is the destination.
People will look back at the market charts being made today and just wonder why some actuall thought this market was over valued.....and that Big Mac will be $59.50......
It will never crash. There will be a market shutdown in conjunction with capital controls followed closely by a false flag and martial law. Eric Fucking Holder will be out on the streets with a white glove on, ready to bitchslap any dissenters.
And any of the 1% that didn't get that info early enough can trade from off-shore while our markets are closed.
You are about to enter another dimension, a dimension not only of sight and sound but of mind. A journey into a wondrous land of imagination. Next stop, the Twilight Zone.
to serve the voters...it's a cookbook
Don't 'fight' the Fed, END IT!!!
It's probably just a little chuck hole, speed up!
Hey, Financials are up 20%, what could go wrong?
Soros and Tapper are getting out of Financials, must be time to buy!
Cramer said to get into Financials so it must really be time to buy, right Kermit?
I said fuckit and mortgaged the house to buy up a shitload of BAC. I am just waiting for it to climb higher. Like shooting fish in a barrel.
The name of my penis is Nano......
i just needed to share that.....
Nano-macro?
Nano - micro..?
you needed to share the name or the penis?
just plain sick
This is SOOoo simple, it is scary....
This is EVERY bit a COMPLETELY orchestrated CRASH.
One of the biggest, longest distribution tops and VIX accumulations EVER
We all know what will happen. And I believe sooner, like in 'any minute' now...
good call - really good call
All hail Bernarke. All hail the US Congress for allowing him to operate without any constraints. All hail our President who has not seen an alibi he does not like.
like there was ever any doubt the big casino is rigged
newworldorder - I think you meant "alibi"(?).
"Alibi" - Elvis Costello and the Imposters:
http://www.youtube.com/watch?v=ViK-TbMSG6o
" 'Insane' what a mundane
Alibi, alibi
And you only wanted to be famous
Alibi, alibi
Sorry, but your mummy doesn't love you
Alibi, alibi
Stop me if you've heard this...
Alibi, alibi"
US markets, and americans in general, are operating under the illusion that things in europe or china cant affect them. the us open to euro close each day allows the insolvent banks there to sell 'marketable' securities for a profit. they own huge amounts of index futures at their own peril. the profit each day is used to shore up an evaporating capital base/deposits. they can take risky positions b/c they dont report except monthly or quarterly their holdings on the last day of the period.
if pomo were to slow, the flow would slow and the first rats out the door will keep their gains, the rest will be selling into bidless abyss. pomo has to slow b/c there isnt enough eligible collateral to go around. with less eligible collateral around, the trading desks will jump in and out with ever more fervor (so books are 'straight' end of day an end of month). greater volatility will discourage retail.
as pink floyd lyric put it: ...short, sharp, shock. and then panic despite a "great earnings yeild", or "low rates".
2008 all over again...
Is it silly? Worse economic data means more QE leading to higher equity and bond prices.
Investors are being scared into equities as bonds suck and this is a time of great uncertainty leading to the avoidance of volatile commodities.
I think you've nailed it. It's a feedback loop anyway it seems. If you're TBTF you buy treasuries to flip them to the Fed to increase liquidity to ramp stocks/cover your massive derivative exposure/etc. You certainly don't buy UST to make an investment it seems. So TBTF flips UST, ramps the market, takes some gains, buys USTs, ramps the market again. You don't even need the "greater fool" any longer. The little guy might take some incremental losses when TBTF capitalizes to buy USTs again, but then they come right back in with all the hot Fed Money and spike the market again.
Of course that's all completely disconnected from reality but that entire loop is in unicornland. What will break that cycle? End of QE for sure, but we know that's not going anywhere. Joe Schmoe can threaten to pull their money out of their 401k, but why should they? They're riding the false gains too. What may finally be the trigger I wonder.
Heading towards infinite credit and currency creation will break the cycle as lack of scarcity means fiat goes worthless. Expand or implode are the only two directions that a ponzi can take.
I agree, but what if the infinite credit and currency creation happens within a closed loop? Of course these trades aren't 100% efficient but if that created money never leaves this loop the only additional fiat to hit the "real" economy would be banker bonuses. Although for that to be true, that would also mean that all TBTFs can't sell their holdings... ever. If all "real" investors won't play this game and buy/sell/short holdings then it seems the cash (even the additional created) keeps recirculating between the same players. Wouldn't that kind of result in a split economy (well, even more split than we have now)? Where all assets are priced to the moon and rising with a steady flow of hot cash but those numbers are mostly meaningless to anyone outside of Wall Street? I'm mostly thinking outoud here, we all talk very often about the disconnect with reality taking place, but I'm curious about the advesarial position, what do they actually expect to happen with current policy? If the intended result was to stimulate the economy at large, then why enrich a closed system of bankers only? I know that's a silly question as we know their (Fed/Bankers) motives are entirely self-serving, but how do you keep selling this to the public? At some point the Dow will hit 30,000 and we'll all look around at each other and realize 40% of us aren't working. At that point how could you even damage that system, would your money even be needed to sustain it? Is that the goal to have a financial system awash with funny money that doesn't even need the average retail investor to support it? I would guess the popular theory would be that money would be worthless considering how much is sloshing around in the system at that point, but it if the two economies never interacted? I kind of think of it like a bathtub suspended over another bathtub. If you can infinitely expand the top tub then there is no spill into the lower therefore the inhabitants of the lower (us) experience no real change. I don't honestly believe all of this but is this the end game and the mindset of central planners?
This is the end game and the mindset of the central planners is to keep control of their dear printing press...nothing more and nothing less. The problem is their loop is not closed as paper over the malinvestments increases the problem by creating more malinvestments.
More fiat must be created in order to paper over the malinvestments, and the more fiat that's created and the cheaper credit becomes, the more malinvestment are created, therefore demanding even more fiat to be created in order to paper over the malinvestments.
Cheap credit and money printing are keeping the ponzi together. Even this little blip of a rise is causing a bit of concern to the ponzi masters. The only answer to rising rates is to print more money, which feeds back to more inflation and puts pressure on causing rates to go up, therefore causing the need to print even more to keep rates down.
The beginning of the last stage of the ponzi, the crackup boom, will be seen in the bond market.
"lack of scarcity"- LMFAO! Right, because commodities and other real inputs are infinite. Shit, have you been to Lake Mead lately? Water is going to be scarce shortly for a few western states.
I think he was referring to "lack of scarcity" of fiat.
Money can only function if it's scarce. Create an infinite amount and its money function is no more.
Forced 401K to War Bonds?
The powerful MIC would love it.
The Avg US Citizen loves MOAR & WAR!!!
Just a thought, not based on anything specific, just the trend of the US Gov lately.
Ccanuck
S&P500 Hourly shows nothing but up for almost a month.
http://bullandbearmash.com/chart/sp500-hourly-remains-inside-bull-channe...
This just ain't right.
It hasn't dipped below the 100MA on the hourly chart since April 21 and it's been riding the 10 day MA since December 2012. Perfectly rational...on some planet...somewhere...
It's only silly if you are still suffering from the delusional belief that this (so called) "market" has any correlation whatsoever to the real world. Otherwise, it makes perfect sense.
massive pomo tomorrow has been pre-bought. anything less than 2% on the spx would indicate massive sell side muting the algo buying.
Market down 16 at 2:58. It'll be UP 60 points starting at 3:19:30. (It's just a gift I have of ESP)
SPX still down at 3:30! what's happening? I thought market could only go up... Must be a scare to shake out weak hands...maybe I should double up on longs? Crossing fingers for last half hour ramp up!
If you are going to make the decison to uncouple your "markets" from reality. Go big or go home. Go to cash, black markets and physical assets of real value ASAP, especially since central banks are giving that paper away... they want inflation, fuck it, let's give it to them and then roll the guillotines.
Law, I like the way you think. Milestones
Fed has hired David Lee Roth as a special situations advisor.
Yet, in the past month, thousands of stock analysts continue to insist that the stock market is a foward indicator of economic activity.
Step 1: Must lure every last retail sucker into the "market" to achieve final objective...
Step 2: ???
Step 3: Goto step one...
FedFUBAR.
Just "Plane" Silly:
http://news.yahoo.com/gold-shipment-valued-625-000-goes-missing-miami-160308987.html
Wait till the crooks, who planned this ultra carefully -- find out its tungsten!
I heard they order more helicopters...as the ones Bernanke is using are worn out!
Lots and lots and lots of money are going to be made this OPEX by slaying the muppets that watch fundamentals. Couldn't be a better time to buy when the report period was crappy followed by bad macro and a shitty real economy while stocks are at all time highs.
The big money cannot sell until the little money comes in near the top to buy from them. So, Benny keeps the fires stoked until he can set up a crash whereby wealth is sucked out of the little guy's pocket and transferred to the elite ruling socialists. Slaves we are and thus shall we be slaves.
"a crash whereby wealth is sucked out of the little guy's pocket and transferred to the elite ruling socialists"
not socialists-- fascists!
transfered to the Fascist Elite via The Socialist Rulers.
yes the "national" socialists. Good point, well corrected.
Put my 3D glasses on, but it didn't make the charts look any better........ No wonder, "made in China".
<.23%....OH MY!
This Goverment lies about the death of their (ambassador) friends...
You think they pause for a second to lie about "some silly bank numbers?"
That and the fact that the 'ambassador' was CIA plant....move on (.org) folks....nothing to see here...
That and the fact that the attack never took place and that there was no Embassy or Consulate and that nobody died. Besides that, all is spot on!
Keeps going until the US dollar implodes.
Bubble Bernanke, Evans, Dudley and Yellen experiment is going to blow when the dollar crashes and burns.
Maybe that's the plan...
http://www.moneynews.com/Newswidget/Fiannce-Economist-Stock-Collapse/2013/04/29/id/501893?promo_code=11D44-1&utm_source=11D44Director_Blue_Blog_Spot&utm_medium=nmwidget&utm_campaign=widgetphase1
So all clear for S&P 1700 by month's end, then?
yup. and it just burns me to see all the 'money' i can't make because i can't bring myself to invest in fake stuff. this is one great big tungsten market. and at this point - i can really see approaching 20,000 dow by the end of the year. and i'm not joking. it's going to be relentless.
"Presented with no comment..." Oh, yes you did comment. Couldn't help yourself, could you? :)
Guys it's simple. All we have to do is wait 20 years for the fundamentals to catch up. Then stocks won't be overvalued anymore.
bablyon - correct. i mean haven't you muppets learned anything yet??? geez. think 'long term'. income cost averaging. be patient. the market ALWAYS goes up. and it is too right now. whatever you do - don't take your money out. (sarcasm)
folies bergere!
There will be no warning......
Keep printing bitches!!!!
O T but a nice sheeple/Muppet advertisement for Visa showing here in Kiwi land
http://m.youtube.com/index?&desktop_uri=%2F#/watch?v=ZB9DtJvbCEQ
Dell missed badly. Autodesk missed and warned. JCP should be an epic disaster. Forward!
Shit is going to hit the fan soon, but fear not my friends. You and I will make it through the times, however those within positions of power will not. Keep faith !
Shit is going to hit the fan soon, but fear not my friends. You and I will make it through the times, however those within positions of power will not. Keep faith !
Shit will hit the fan as soon as impeachment becomes a serious threat to the regime.
this is all very bullish. Ben?
how do i buy this dip? does not compute
Those charts look like monsters ready to devour their victims.
Just plain silly to see that now the congress critters have been hacked and bugged too by the rogue out of control babylonians. Is this the dropping of the fourth shoe?
http://www.weeklystandard.com/blogs/congressman-justice-dept-wiretapped-...
This is pretty silly too...I mean that they'd tell us...
http://finance.yahoo.com/news/stock-futures-little-changed-data-tap-cisco-climbs-120005684.html
I feel sick looking at these charts, thery are so accusing! They say "don't even think of saying you we're not warned....so what are ya gonna do about?"
Well, beyond preparing family and friends (a thankless bloody task) not much.
...
Growth? I'm thinking you are confused. The Bernanke bet is that inflation will average 2%. He'll do that by printing money.
I don't personally think he (or whomever replaces him) can do it
.
.
People dont understand why equities are going up SP500/Nasdaq/FTSE100 etc.. - even the above average ZeroHedge Heads dont get it -
It maybe the most hated and disbelieved Bull Market ever... but the Dollars those equities are being measured in arent the same buying power of the dollars even at the top of the dotcom boom in 2000.. Plus with all endowment universities switching out of huge T-Bill Gov debt markets where they can get dividends higher than the yield on bonds, in equities and at the same time a racheting up in share value on diminshing dollar value, even if the company stands still on its prospects, there is plenty more portfolio re-allocation out of debt to go.
Just because the retail market doesn't understand that 'the market has nothing to do with the economy', doesn't mean it wont continue.
Can it crash, will it crash? Sure, but maybe not as much as expected.. there is probably 3x's as many digit dollars in computers and the Fed will print to be buyer of last resort of all the trashy debt, funds are rotating out of... as long as Fed is giving asset.investment & Investment banks & other comporates the chance to get out and the FED will play AIG, on bond debt till reset day.. the market can surprise to the upside.
bennie's got your back. and after he lends the TBTB at zirp, and they buy whatever 'stuff' he hasn't already bought (at any price) he'll buy back from you at your price what he lent you the money to buy at whatever price you want.
it really is the same as giving my kids $5 to buy lemons and sugar and then asking them how much they want for that glass of lemonade. they've got to be screaming with glee - as i tell them - 'don't worry - daddy will NEVER run out of money. so how much do you want for that?'
What you should be measuring is the margin/leverage on this market, there is NO real rotation out of bonds (USD denominated) and $, if there was, you should have the USD down under 75, it's not. Overall liquidity is tightening (despite The Fed), that and the chart ZH forget to show is the divergence with commodities which is frightening. All pointing towards a complete deflationary wipeout. It's 1987 (stock bubble to crash) all over again except this time the global economy is far weaker e.g Europe, Asia (buying USD safe haven and moving out of own currencies debt).
This is a really dangerous time, unprecedented.
If those digi dollars were loaned into existance then it is OK. If the dollars were just created and given to a friendly banker with no consideration then somebody is going to be hanged.
I wonder if the CBO has seen these charts.....they like pretty pictures and forcasts....
Don't look down ;-)
Macro Data always lags the indexes by at least 6 months. But since everybody latching onto the loot is scared shitless as to how to hold on to it, might be different this time.
With the DXY at 83+ and we get stock market exuberance? This is a leveraged monster via Wall Street. Won't take much to kill it
But this time is different.
crappy number=slow day...gotta wait to blow a measly 1.25bil... duh..
holy fuck
Yeah, it's like when your playing blackjack and you get a few good hands in a row. What do you do??
Raise the bet.
You gamble with what you've won and not what you walk in the casiono with. Sure, the maket looks retarded high, but if your playing with 'new' money there's nothing to lose.
Right?
Yeah, it's like when your playing blackjack and you get a few good hands in a row. What do you do??
Raise the bet.
You gamble with what you've won and not what you walk in the casiono with. Sure, the market looks retarded high, but if your playing with 'new' money there's nothing to lose.
Right?
Never bring a spoon to a knife fight.
showing up to a knife fight is a sign of idiocy.
there is a well established way of making money
on the clean up.
What Santa Anna told Jim Bowie.
They waiting "XLF" touches the range of 20,00..
Just it....
20,00 is the number of the beast.....
Today, "XLF" touched 19,89.....the rally ...the insane BULL MARKET is gonna over when finally "XLF" touch 20,00
See here: http://pracompraroupravender.blogspot.com.br/2013/05/afinal-era-pra-esperar-o-xlf-do-setor.html
Going to need a bigger boat! No?
I suspect there are some self-important folks having a little trouble sleeping. Suspect they are wishing and planning for a moderate correction.
This is your market on drugs.
there are cetain market analysis methods that claim we have hit the top here now. tomorrow is a massive pomo. with such a massive pomo, if we DONT see +200 on the dow, it means more sellers showed up than usual and a bad sign if you believe in the Fed model of market valuation
just had a drink by the lost to history graves of Thomas Jefferson's first cousin's, yep even you Jefferson scholars/relatives have lost this one, Field J. told me to tell y'all..........them, them, them, FUCK THEM.
Also NZD, CAD and AUD being sold off is China economically blowing apart. China blows up, 30y on US mortgages should spike nicely = Housing mini bubble ala Obama blows up.
ON Cnn talking bout the same...
http://alejandrorubinstein.com/?p=1283
The criteria for economic recovery as reported by the politicians and central bankers is the profits made by JP Morgan, Bank of America, Wells Fargo, Citibank and the Goldman Sachs. The rest of the world population reeling under the impact of rising unemployment and poverty caused by crises created by these banksters do not form a part of any data. Such petty millions of people can be sacrificed to save the masters of the universe.
http://www.marketoracle.co.uk/Article40231.html
It looks like US Macro, 10Y Yield, Vix and Credit just don't know what the hell they are doing ... they should just get on with the program.
Up and Down, and all around, feels like NOW.
All I know is right now the dow futures are up 21 points, the Nikkei is starting to soar, the dollar is strong once again, yen is depreciating, and Gold continues to go down. Looking like business as usual here.