• Gold Money
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    Here’s a question that might have you pondering: Is gold a commodity? More importantly, are we doing a disservice to the gold industry by calling gold a commodity? These may sound like silly...

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

Your rating: None

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Wed, 06/05/2013 - 14:28 | 3627069 madcows
madcows's picture

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

Wed, 06/05/2013 - 14:31 | 3627082 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 | 3627103 insanelysane
insanelysane's picture

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

Wed, 06/05/2013 - 14:46 | 3627149 Navymugsy
Navymugsy's picture

Yuck, yuck, yuck, fucking yuck!

Wed, 06/05/2013 - 14:50 | 3627170 knukles
knukles's picture

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

Wed, 06/05/2013 - 14:52 | 3627172 disabledvet
disabledvet's picture

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

Wed, 06/05/2013 - 14:52 | 3627175 fonzannoon
fonzannoon's picture

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

Wed, 06/05/2013 - 14:56 | 3627188 prains
prains's picture

it's not August yet, cup your balls month

Wed, 06/05/2013 - 19:10 | 3627968 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 | 3627682 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 | 3627171 Colonel Klink
Colonel Klink's picture

They both stink then?

Wed, 06/05/2013 - 14:54 | 3627181 knukles
knukles's picture

Becky got her crack fixed...



The one between her teeath, you sicko

Wed, 06/05/2013 - 14:36 | 3627102 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 | 3627134 nasdaq99
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!!!

Wed, 06/05/2013 - 14:29 | 3627076 transaccountin
transaccountin's picture

flip the monitor upsidedown. recovery

Wed, 06/05/2013 - 14:44 | 3627147 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 | 3627341 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 | 3627083 TeamDepends
TeamDepends's picture

Ride the decline....

Wed, 06/05/2013 - 14:33 | 3627091 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 | 3627092 Stoploss
Stoploss's picture

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



Wed, 06/05/2013 - 14:35 | 3627097 Stoploss
Stoploss's picture

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

Places, everyone.

Wed, 06/05/2013 - 14:36 | 3627101 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 | 3627104 fonzannoon
fonzannoon's picture

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

Wed, 06/05/2013 - 14:36 | 3627106 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 | 3627111 Seasmoke
Seasmoke's picture

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

Wed, 06/05/2013 - 15:43 | 3627340 Jumbotron
Jumbotron's picture

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


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



Wed, 06/05/2013 - 14:38 | 3627115 bonzo112358
bonzo112358's picture

Very difficult to ignore that much bifurcation.

Wed, 06/05/2013 - 14:39 | 3627119 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 | 3627142 fonzannoon
fonzannoon's picture

Brett can u link the article please?

Wed, 06/05/2013 - 14:47 | 3627151 NotApplicable
NotApplicable's picture

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

Wed, 06/05/2013 - 15:02 | 3627210 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 | 3627120 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 | 3627186 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 | 3627177 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 | 3627193 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 | 3627194 disabledvet
disabledvet's picture

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

Wed, 06/05/2013 - 15:43 | 3627339 Bastiat
Bastiat's picture


Wed, 06/05/2013 - 14:55 | 3627187 ZeroFreedom
ZeroFreedom's picture

SDS is the Trade.

Wed, 06/05/2013 - 15:04 | 3627220 russwinter
russwinter's picture

Ponzi unit, JNK down another 1%. 

Wed, 06/05/2013 - 15:10 | 3627240 pragmatic hobo
pragmatic hobo's picture

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

Wed, 06/05/2013 - 15:16 | 3627262 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 | 3627264 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 | 3627271 Tombstone
Tombstone's picture

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

Wed, 06/05/2013 - 15:34 | 3627313 nomorebuyins
nomorebuyins's picture

Can't light the ramp with wet matches.

Wed, 06/05/2013 - 15:37 | 3627318 nomorebuyins
nomorebuyins's picture

Use the Shwarts!

Wed, 06/05/2013 - 15:37 | 3627319 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 | 3627323 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 | 3627443 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!

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