A Gentle Reminder Of The 'Other' Reality

Tyler Durden's picture

A month ago we posted two sets of charts - WTFs and Divergences. It appears equity markets are beginning to catch down to this underlying reality as the Fed (afraid of its own shadow impact now) tries to gently talk the bulls off the leveraged ledge.

"New Normal"




Reality Check...


Is it really different this time?


Charts: Bloomberg

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madcows's picture

nope.  you just need to "adjust" the macro data...  problem solved.

stocktivity's picture

I smell someone's fat finger ready to touch the wrong button in the last 1 1/2 hour.

insanelysane's picture

That smell might be Becky's and the finger might be Warren's.

Navymugsy's picture

Yuck, yuck, yuck, fucking yuck!

knukles's picture

How come nobody's yelling "Panic!" yet?

disabledvet's picture

because they're yelling "you should see the other guy."

fonzannoon's picture

i swear everytime Tyler puts up that chart the market rallies 100 points.

prains's picture

it's not August yet, cup your balls month

El Viejo's picture

Its because when that little red line goes down the S&P goes up and the Red line is going down again. This investing crap is easy.

Urban Redneck's picture

I am panicking (tomorrow) regardless of what the market does, but only because I followed a custody chain and found a Shittybank vault in hyper-rehypothecation land... so the issue needs to be addressed regardless.

knukles's picture

Becky got her crack fixed...



The one between her teeath, you sicko

Its Only Rock N Roll's picture

TPTB have been trying to do that for months now...yet the fudged numbers aren't even good enough to keep up with the ES

nasdaq99's picture

i read the other day that "Abenomics" was a hail mary pass.  so i looked up the odds on that!




and since it's a politician throwing the pass, i think the divisor should be at leats 50% of that probabity!!!

transaccountin's picture

flip the monitor upsidedown. recovery

101 years and counting's picture

this time is different.  this time we're starting from an all time high leverage and all time low cash for funds.

Nevermore Peabody's picture

I did that, but then the auto-rotate un-fixed it again. What do we do now? Is it time to panic yet?

TeamDepends's picture

Ride the decline....

EmmittFitzhume's picture

The bulls are schizophrenic. They will go from $100k dinner checks to jumping off buildings in utter despair.  It quite a phenomenon actually.

Stoploss's picture

We should expect the macro data to catch up to the S&P right??



Stoploss's picture

I think were going to need the crash cart today..

Places, everyone.

falak pema's picture

fools rush in where wise men fear to tread; the FED now playing at gamekeeper after having exaggerated beyond imagination at being crony of the poacher cabal.

"Don't overdo it fellas; I know what I'm talking about as I have created the new precipice.

fonzannoon's picture

what is volume like today? If it is light, nice comeback. If not.....

Dr. Engali's picture

If I didn't know any better I would swear that Tyler is trying to tell us something.

Seasmoke's picture

Bring in the party monkeys. They will just flip those charts upside down.

Jumbotron's picture

Bring in the party monkeys. They will just flip those charts upside down.


You asked for them.....HERE THEY ARE !!!!!!



bonzo112358's picture

Very difficult to ignore that much bifurcation.

Brett Merkey's picture

Lapdog liar SEC wants to nail shut the back door:

"Securities regulators on Wednesday voted unanimously to propose reforms that would target a portion of the $2.6 trillion money market fund industry, aiming to reduce the risk that panicked investors might abruptly withdraw their money in times of stress.

The Securities and Exchange Commission's two-pronged proposal would require prime funds used by institutional investors to move to a floating net asset value from a stable value.

It would also allow fund boards of all non-government funds to impose a combination of liquidity fees and gates during times of stress.

The two alternatives could be adopted alone or jointly."

Blocking the exits in case of fire seems to be all the rage nowadays...

fonzannoon's picture

Brett can u link the article please?

NotApplicable's picture

Wait a minute... you mean there are still functioning MMFs?

Disenchanted's picture

For some strange reason I read that like this:

SEC wants to nail the back door:

bdub2's picture

You can almost hear the printing-presses whirring on overdrive form here, for the inevitable ramp back to 1750, 1800+ to ensure Merkel's job is safe and secure...so taking all of this with a block of salt, having said that, someday way far away, hoping RTFD or some such zh related coined phrase replaces the old US pledge of economic allegiance=btfd. in a far away land,,,

disabledvet's picture

i thought QE caused prices to fall not rise. that was Japan's experience. why should are's be any different?

Disenchanted's picture

Maria Parrot sez "We're off the lows, squawk...we're off the lows. Maria wants a bagel, squawk...Maria wants a bagel."

knukles's picture

Well, gotta admit that I probably wouldn't give a shit either if I were married to Steinberg money.
Wait.... that sounds all wrong, Knuks....

disabledvet's picture

when it comes to Men and Markets Maria...there's always a new low.

ZeroFreedom's picture

SDS is the Trade.

russwinter's picture

Ponzi unit, JNK down another 1%. 

pragmatic hobo's picture

looks like Cohen is dumping his amazn and mu shares ...

catacl1sm's picture

"Sooooo, you're sayin there's a chance! YESSSSS!" -Dumb & Dumber (the movie, not Bernanke and Tepper)

nomorebuyins's picture

Here comes the ramp. Might be too early to hold, but leave your faces at the door.

Tombstone's picture

The lemmings are chomping at the bit.   Long Benny; short reality. 

nomorebuyins's picture

Can't light the ramp with wet matches.

gatorengineer's picture

5 B of POMO tomorrow.... we will see if she fades or the shorts get juiced in the AM.....


Position 85% in short.... wide trailing stop...

goldenbuddha454's picture

Come on Ben, you can do better than this!  Use TAPS-Turbo-Afterburner Printing System

Yen Cross's picture

     You nailed it perfectly Tyler. I expect to see another large increase in new 'ZH avatars' over the coming weeks, as people start looking for actual truth!