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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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Wed, 06/05/2013 - 14:28 | Link to Comment madcows
madcows's picture

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

Wed, 06/05/2013 - 14:31 | Link to Comment stocktivity
stocktivity's picture

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

Wed, 06/05/2013 - 14:36 | Link to Comment insanelysane
insanelysane's picture

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

Wed, 06/05/2013 - 14:46 | Link to Comment Navymugsy
Navymugsy's picture

Yuck, yuck, yuck, fucking yuck!

Wed, 06/05/2013 - 14:50 | Link to Comment knukles
knukles's picture

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

Wed, 06/05/2013 - 14:52 | Link to Comment disabledvet
disabledvet's picture

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

Wed, 06/05/2013 - 14:52 | Link to Comment fonzannoon
fonzannoon's picture

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

Wed, 06/05/2013 - 14:56 | Link to Comment prains
prains's picture

it's not August yet, cup your balls month

Wed, 06/05/2013 - 19:10 | Link to Comment El Viejo
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.

Wed, 06/05/2013 - 17:35 | Link to Comment Urban Redneck
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.

Wed, 06/05/2013 - 14:51 | Link to Comment Colonel Klink
Colonel Klink's picture

They both stink then?

Wed, 06/05/2013 - 14:54 | Link to Comment knukles
knukles's picture

Becky got her crack fixed...

 

 

The one between her teeath, you sicko

Wed, 06/05/2013 - 14:36 | Link to Comment Its Only Rock N Roll
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

Wed, 06/05/2013 - 14:41 | Link to Comment nasdaq99
nasdaq99's picture

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

 

http://www.advancednflstats.com/2012/09/hail-mary-probabilities.html

 

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

Wed, 06/05/2013 - 14:29 | Link to Comment transaccountin
transaccountin's picture

flip the monitor upsidedown. recovery

Wed, 06/05/2013 - 14:44 | Link to Comment 101 years and c...
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.

Wed, 06/05/2013 - 15:43 | Link to Comment Nevermore Peabody
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?

Wed, 06/05/2013 - 14:31 | Link to Comment TeamDepends
TeamDepends's picture

Ride the decline....

Wed, 06/05/2013 - 14:33 | Link to Comment EmmittFitzhume
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.

Wed, 06/05/2013 - 14:34 | Link to Comment Stoploss
Stoploss's picture

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

Tepper??

Ben???

Wed, 06/05/2013 - 14:35 | Link to Comment Stoploss
Stoploss's picture

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

Places, everyone.

Wed, 06/05/2013 - 14:36 | Link to Comment falak pema
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.

Wed, 06/05/2013 - 14:36 | Link to Comment fonzannoon
fonzannoon's picture

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

Wed, 06/05/2013 - 14:36 | Link to Comment Dr. Engali
Dr. Engali's picture

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

Wed, 06/05/2013 - 14:38 | Link to Comment Seasmoke
Seasmoke's picture

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

Wed, 06/05/2013 - 15:43 | Link to Comment Jumbotron
Jumbotron's picture

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

 

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

 

http://www.youtube.com/watch?v=FuaTEPOd9eY

Wed, 06/05/2013 - 14:38 | Link to Comment bonzo112358
bonzo112358's picture

Very difficult to ignore that much bifurcation.

Wed, 06/05/2013 - 14:39 | Link to Comment Brett Merkey
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...

Wed, 06/05/2013 - 14:43 | Link to Comment fonzannoon
fonzannoon's picture

Brett can u link the article please?

Wed, 06/05/2013 - 14:47 | Link to Comment NotApplicable
NotApplicable's picture

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

Wed, 06/05/2013 - 15:02 | Link to Comment Disenchanted
Disenchanted's picture

For some strange reason I read that like this:

SEC wants to nail the back door:

Wed, 06/05/2013 - 14:39 | Link to Comment bdub2
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,,,

Wed, 06/05/2013 - 14:56 | Link to Comment disabledvet
disabledvet's picture

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

Wed, 06/05/2013 - 14:53 | Link to Comment Disenchanted
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."

Wed, 06/05/2013 - 14:57 | Link to Comment knukles
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....

Wed, 06/05/2013 - 14:57 | Link to Comment disabledvet
disabledvet's picture

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

Wed, 06/05/2013 - 15:43 | Link to Comment Bastiat
Bastiat's picture

/chuckle

Wed, 06/05/2013 - 14:55 | Link to Comment ZeroFreedom
ZeroFreedom's picture

SDS is the Trade.

Wed, 06/05/2013 - 15:04 | Link to Comment russwinter
russwinter's picture

Ponzi unit, JNK down another 1%. 

Wed, 06/05/2013 - 15:10 | Link to Comment pragmatic hobo
pragmatic hobo's picture

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

Wed, 06/05/2013 - 15:16 | Link to Comment catacl1sm
catacl1sm's picture

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

Wed, 06/05/2013 - 15:17 | Link to Comment nomorebuyins
nomorebuyins's picture

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

Wed, 06/05/2013 - 15:18 | Link to Comment Tombstone
Tombstone's picture

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

Wed, 06/05/2013 - 15:34 | Link to Comment nomorebuyins
nomorebuyins's picture

Can't light the ramp with wet matches.

Wed, 06/05/2013 - 15:37 | Link to Comment nomorebuyins
nomorebuyins's picture

Use the Shwarts!

Wed, 06/05/2013 - 15:37 | Link to Comment gatorengineer
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...

Wed, 06/05/2013 - 15:37 | Link to Comment goldenbuddha454
goldenbuddha454's picture

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

Wed, 06/05/2013 - 16:32 | Link to Comment Yen Cross
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!

Wed, 06/05/2013 - 17:35 | Link to Comment EclecticParrot
EclecticParrot's picture

I think the Tyler(s) have it correct:  rather than spook markets and undo all their sandcastles with an "irrational exuberance" style comment, they prefer to let Sybil argue with her various personalities (aka Fed speeches and press leaks).   ("We could taper soon";  "We might do even more QE";, etc.)

Wed, 06/05/2013 - 18:16 | Link to Comment MeelionDollerBogus
MeelionDollerBogus's picture

MACRO shmakro
we can print the economy to better health!
Maybe BernanQE needs to upgrade to one of those fancy 3D printers to really raise the markets a notch

Use the Force, Ben!

0 B 1 QE-nobi you're our only hope

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