Conspicuous Contrarians, Higher Highs, And Complete Complacency

Tyler Durden's picture

Submitted by Lance Roberts of Street Talk Live blog,

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q99x2's picture

Next time just throw the I-Ching and read us what it says.

Sofa King Confused's picture

I have a crystal ball and a mood ring.  Let me give it a try

prains's picture

but you're missing the glasses with the holographic eyes so you'll probably miss the call

AldoHux_IV's picture

Or you can be part of the much needed voice in reforming govt, markets, & ending the fed instead of worrying about nominal/fiat movements that won't procure any real wealth in the end.

bank guy in Brussels's picture

Related to 'end the Fed' ...

Here in Europe a mass of protesters have been advancing on euro-zone central bank headquarters in Frankfurt

Blockupy the ECB !

2nd day on Saturday ... a major Central Bank going under populist street blockade, is an issue deserving ZeroHedge coverage

Maybe Tyler doesn't like our protest, because the protest is against the 'austerity' that Tyler likes to pretend isn't happening in Europe, because ZH uses a different definition of it (Tyler likes to pretend 'austerity' means less government budget overall, whereas in Europe we view 'austerity' as cuts ravaging common people while banksters get bailouts piled onto existing debt)

« Thousands of anti-austerity protesters have flooded the streets leading to the European Central Bank in Frankfurt in a so-called ‘Blockupy’ protest. They are demonstrating the bank’s role in enforcing crippling spending cuts across the Eurozone. »

Clashfan's picture

Could have happened, not could of happened.

prains's picture

Buy Blow Sell High........ I thought that was the new investor mantra

disabledvet's picture

Fed's "liquidity pump" turned out to be the Fed's "liquidity dump." we're suppose to know these things of course...but somehow we never do.

London Banker's picture

The volatility in JGBs has led to massive margin calls on OTC derivatives and repos, causing liquidations as hedgies and Japanese banks scramble for cash (70 per cent OTC margin is still cash). Also, CME raised margins on JGB futures and options by 38 per cent this week. What we are seeing is rolling liquidations as volatility leads to margin calls leads to liquidation leads to volatility leads to margin calls . . . etc.

When the dollar rises, watch out below.

prains's picture

Ben has a plan           /s

akarc's picture

A lot of words to say absolutely nothing of value. QE is like everything else. It works until it doesn't. What increased liquidity??? The FED prints money, gives it to the banks and there it stays. Amongst those who slosh it around back and forth until ultimately like in 2008, what we don't see becomes what should still be apparent. The game is the same except it now being played on air.

Jobs suck

wages suck

manufacturing sucks

A whole segment of the population is no longer statistically relevant. It no longer exists. It is no longer counted and  has been removed from the equation. This is a segment of the population that was at one time productive, consumptive and part of the tax base. It is gone. Any current data is skewed by their loss and can not substatiate growth where no growth is occuring so profits can not support price.

People still destroyed from debt are further in debt. And the banks are perfectly happy keeping it that way. Where is the profit for them in messing around with a population that can return them little. 

We shipped our jobs overseas to China, China now ships jobs to other asian countries and now some jobs trickle back home to lower wages, lower hours worked, fewer benefits, higher costs Japan engages in what amounts to nothing and the money chases it's tail. 

We posted long ago that the US was subsidizing Europe during the "bailouts"/failing to hold accountable. What is the value of those dollars now? Where are they?

There is no economy in the traditional sense of the word. What you have now is pockets of super wealth trying to crush each other at our expense. Every dollar printed and given to a bank, corporation, is a dollar taken out of the economy not added to.

The statistical poor will be kept fed until they too become statistically irrelevant and fall from sight to eek out an  existense in tunnels, under overpasses, in caves dug in hillsides where they will be hounded by the gestapo to move on. Become less visible.

For most the money in the markets is meaningless. Whats a 150,000.00 in an ira relative to........ 

Bernanke does not see that, he is blinded by the arrogance we allow him. Most in government do not see that, they are blinded by the cash waved in front of their faces by those who own them. Most who remain on main street do not see that, they are to worried about keeping what they have and fuck their childrens future.. All are convinced that their way works until it doesn't and the proof will be history repeating itself over and over again.

Money can not inflate if it does not exist for so many, in any significant amount, it does not exist. It is only 1's and 0's on a banks computer.

For the most part people are good. So they will  not rise up against the greed of the evil. They will keep there heads down increasingly desensitized to the futility of their existence. They will learn to say "massa".  Because the law will apply to them while it no longer applies to the corrupt. 

Yesterday, knowing today was a big pomo day I went longer TVIX and DTO. Because one thing man can not control is gravity. 





moneybots's picture

" Asset "bubbles" are never recognized, or acknowledged, until after the fact."


They are not recognized or acknowledged by those who want to ignore the inconvenient truth.  When Greenspan said irrational exuberance he was talking bubble.  When Greenspan was talking frothy, he was talking bubble, without acknowledging it.


moneybots's picture

"(Tyler likes to pretend 'austerity' means less government budget overall, whereas in Europe we view 'austerity' as cuts ravaging common people while banksters get bailouts piled onto existing debt)"


Austerity is living within your means.  Is Europe living within its means?   Bailouts are not austerity.  The term austerity is being misused by those who throw the term around.

The date for various countries to get to 3% deficits keeps being extended.  A deficit is not austerity.  A deficit is not living within ones means.

moneybots's picture

"With the breakout of the bullish uptrend, combined with the break of long term overhead resistance, there is nothing to stop asset prices from rising further until the next major correction occurs."


At 666 there was nothing to stop asset prices from rising further until the mext major correction.

The thing about parabolics is that they collapse.  APPL never made it to 1,000, even though there was nothing preventing it from doing so.