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Word Of The Day: UP, As In Stocks, Bonds And VIX

Tyler Durden's picture




 

S&P 500 futures are up a healthy 9 points seemingly on the basis that bad-is-good and EUR or JPY are driving correlating-algos. But, it's not just the equity market that is 'Up' - VIX (the hedging vehicle) is 'Up'... Treasury bonds (the anti-risk vehicle) are 'Up'... and Swiss short-dated bonds (the EU safe-haven) are 'Up'... all makes perfect sense to someone we are sure.

 

 

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Thu, 05/30/2013 - 11:06 | 3610488 Divided States ...
Divided States of America's picture

Well, one thing that is down is my account balance....

Thu, 05/30/2013 - 11:07 | 3610491 Say What Again
Say What Again's picture

I was UP this morning, but my girlfriend fixed that.

Thu, 05/30/2013 - 11:11 | 3610504 fonzannoon
fonzannoon's picture

LOL

This has been awful. My dividend payers are obliterated. My corporate bonds are bitchslapped. My short hedge sucks and the only thing keeping it from being a full blown hemmorage is my miners. Go fucking figure.

Thu, 05/30/2013 - 12:40 | 3610753 nugjuice
nugjuice's picture

Yeah, high dividend 'low beta' plays are crowded. Buying the 'lowest risk' stocks and outpacing the S&P can't last forever.

Thu, 05/30/2013 - 12:41 | 3610754 nugjuice
nugjuice's picture

Edit: dupe post

Thu, 05/30/2013 - 17:51 | 3611668 MeelionDollerBogus
MeelionDollerBogus's picture

srsly?
You could have been writing covered calls from decently priced stocks and never had to worry about "hold me bribes" aka dividends.

Thu, 05/30/2013 - 11:16 | 3610528 slaughterer
slaughterer's picture

We need a dip today.  We will get it.  Watch and see.  

Thu, 05/30/2013 - 11:21 | 3610547 fonzannoon
fonzannoon's picture

anything with a div already started dipping

Thu, 05/30/2013 - 11:21 | 3610544 CaptainSpaulding
CaptainSpaulding's picture

You are not alone. All my fiat belongs to Toyota service

Thu, 05/30/2013 - 11:13 | 3610513 CDNX fan
CDNX fan's picture

There once was a man with two dicks

Who thought that he should own the VIX

The market it dropped

The VIX really popped

now he needs both hands for kicks.

Thu, 05/30/2013 - 12:45 | 3610766 CaptainSpaulding
CaptainSpaulding's picture

Reminds me of an old saying i heard in my yewt.. One hand washes the other and both hands wash the cock

Thu, 05/30/2013 - 11:14 | 3610514 Petrus Romanus
Petrus Romanus's picture

Let us not forget the other UP for today................GOLD! At least for now.

Thu, 05/30/2013 - 11:23 | 3610551 slaughterer
slaughterer's picture

Daytraders alert: TSLA @ 1:30pm today.  

Thu, 05/30/2013 - 11:28 | 3610568 Chappy
Chappy's picture

what will happen at 1:30?

Thu, 05/30/2013 - 11:31 | 3610579 slaughterer
slaughterer's picture

TSLA ==> special announcement from Iron Man at 1.30pm today.

Thu, 05/30/2013 - 11:29 | 3610571 JJ McApe
JJ McApe's picture

As long as the fed keeps the floodgates open, there is no reason for stocks not to raise any further.

18% in 5 months is a performance that nobody can deny.

Thu, 05/30/2013 - 11:43 | 3610609 LawsofPhysics
LawsofPhysics's picture

Yes, two other things you can't deny; 1) you can't claim a profit or realize a gain unless you sell and 2) interest costs are very real to the taxpayer, so how does CONgress keep the monetization party going if yields rise?

Tick tock motherfuckers...

Thu, 05/30/2013 - 17:47 | 3611658 MeelionDollerBogus
MeelionDollerBogus's picture

that nobody can deny
nobody can deny!
for he's a jolly good printer,
he's a jolly good printer...

Thu, 05/30/2013 - 11:32 | 3610576 slaughterer
slaughterer's picture

WTI: from zero to hero.  Made me spit my coffee out faster than a Banzai artwork.  

Thu, 05/30/2013 - 12:36 | 3610739 Haager
Haager's picture

Its always the same, down on no news and later up on controversial (crude storage is higher than expected). the only thing in this game is to know the time the switch will happen...

The other way 'round it's the same.

Thu, 05/30/2013 - 11:55 | 3610645 asscannon101
asscannon101's picture

"S&P 500 futures are up a healthy 9 points seemingly on the basis that bad-is-good and EUR or JPY are driving correlating-algos. But, it's not just the equity market that is 'Up' - VIX (the hedging vehicle) is 'Up'... Treasury bonds (the anti-risk vehicle) are 'Up'... and Swiss short-dated bonds (the EU safe-haven) are 'Up'... all makes perfect sense to someone we are sure."

Of course it makes perfect sense! There is no "down" in the market anymore. It was found to be disruptive and has been abolished. How dare you question the meme? Your thoughtcrime has been noted and you will be scheduled for re-education. Heretic. Unbeliever. Terrorist. Citizen. Whatever.

Thu, 05/30/2013 - 13:18 | 3610862 MichiganMilitiaMan
MichiganMilitiaMan's picture

No charts are needed anymore.  Simply state the obvious.

"Irrational divergences occured today in the markets."

"Fed Reserve and Central Bankers at fault."

"S&P, Dow, NASDAQ, Russell 2000 all ended green."

Rinse, wash, repeat.

Snooze.

Thu, 05/30/2013 - 15:11 | 3611229 economists_do_i...
economists_do_it_with_models's picture

Google finance has NBG down -40%.  FINVIZ has NBG up +493%.  Why not??  Almost 'makes sense' on a day like today.  Up is down.  Down is up.  (NBG 1:10 reverse split today.)

Thu, 05/30/2013 - 15:22 | 3611249 Haager
Haager's picture

interesting charts: silver vs gold (paper), brent vs wti. So, who will be right for tonights Asia-session?

And from somewhere a single word comes into my mind - options.

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