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One Of These Things Is Not Like The Others (Yet)
We now know that the US is not the cleanest dirty 'economic' shirt but it seems that the "well, where else are you going to put your money?" argument remains in full 'myopic' swing. The problem - we've seen this suspension of belief before...
The rest of the world is not happy...
and we've seen this 'decoupling' before...
and it is even more impressive from the October 2007 highs...
Charts: Bloomberg
(h/t @AndrewYorks)
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A little too psychedelic for me! WTF?
I think the small caps are even worse than the S&P ($RUT (IWM)). It's going to be horrific soon.
I know... "soon".... and "horrific"....
WHat if it NevEr Becomes Horrific? What If tHe zOmbie apOcalpyse never arrives? WhaT if there is no need for Gold and Guns and Grub foR the Rest of yOur Lifetime? What if the MarkeT nEver drOps to Zero?
<-- colorblind :-/
Its so cool. Lets coin it the Green Spinach Monster.
Where else are you going to put your money? GOLD?
Got a nice 12 guage pump shotgun and a bunch of shells for it yet? That's a good place to put a bit of money.
Just call the FED wire desk and ask if they go up or down from here.
Why bother with in the dark middlemen who have no clue how much
Benny is willing to monetize to pump valueless paper.
That won't work. You'll just get old news.
well since there are no shorts left to roast this must be agenuine recovery rally.
Yes, this is the real thing by all means, the real thing!
Didn't Bernank shovel about $3 billion moar into the equity furnace this morning? Let's see if it even stokes the machines until close today.
50DMA will never yield! That's unfortunate for the nayers! Sux!
Ten year yield down stawks up...what Japanese collapse? Crazy... What was that exchange with Francis concerning kito about?
Francis was correcting my viewpoint on something.
I've been sitting here all day watching the 10yr not move one ball hair. My brain is mush. I have seen some of Kito's posts and he is as lost as I am. That was all I meant.
This is insane Doc. Even my normal friends are saying WTF right now.
At 2pm, they suddenly pushed Delta airlines up 4%. Delta seems to be the favorite play for algos and the HF boys to take the DJ Transports up in a hurry. Doubled in value the last six months...
Its because oil is so cheap, consumers are spending so much money, and bags are free...oh wait...
A.k.a. "Favored Vocation Status."
Just wait until the shipping industry collapses. Then Captain Bernank can run the boats all around in any configuration desirable in order to "save" that industry. It'll be interesting to watch the overall fleet speed approach zero, as the only "productive" use of the boats will be the capex required to keep the barnacles off.
Well, unless they rent them out to FEMA/HMS. Then they will all be turned into Love Boats. I wonder, exactly how many people can be housed in a shipping container?
Feckin outrageous, but they've been pulling it off for years and are turning in another exemplary performance today. US is the core of the rot but you could argue that means they'll be the last to go down ... but I'd wager once one really goes, they'll all come tumbling after in very short order. Picking the cleanest shirt is a mug's game, it's one big global cesspool.
Who loved the rip lower in the long bond only to mind magical support at no technical price? Laughable. GS/MS puts at these prices. Do it.
The question that I have is what does this divergence signal? is it even a signal or just noise?
http://dareconomics.wordpress.com/2013/06/13/around-the-globe-06-13-2013/
I haven't heard "decoupling" for some years now. Also, did we have a mock funeral for the "second derivative?"
BTW, Thursday is the new Tuesday.
Thruesday or throughsday. Mighty slow stairway up.
Taking no breather on this ramp! 3:30 should be interesting.
So far nearly a perfectly straight line up and to the right - amazing how there's never any volatility (or volume) on strong up days
Actually that line is starting to deviate from trend in the upward direction.
Bonds up, stocks up, oil up, everyone's a winner (except for PMs ...)
Is that blue vertical line in the second picture the end of QE2?
Imho the question will be how much the fed scales back on its printing activities and whether another regular suspect / chief planner somewhere around the world is going to pick up the slack. The BoJ and BoE certainly qualify and if Draghi gets a German OK then he will print, too.
Draghi will NOT print. He has ONE mandate...keep inflation at less than 2%. He will print only to save the currency. The various socialistic nations of Europe will get loans only with conditions. If the dollar fails the Euro will do what it must to maintain world trade but inflating to keep social programs going it hasn't and won't do. Riots in Greece and Spain have not yet moved the man and I do not think riots in France will either.
People who see all sorts of patterns in charts are like people who see an image of Jesus in a dogs butt. Oh wait...
http://www.huffingtonpost.com/2013/06/13/dog-butt-looks-like-jesus-photo_n_3436086.html?ref=topbar