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It's 315 PM: Have You BTFATH Today?

Tyler Durden's picture




 

With the Dow Transports leading the way (now up for the 10th of the last 11 days and 9.7% off its debt-ceiling-debacle lows), US equity markets are engorged on the euphoria of this "can't lose" scenario that offers free lunches (and ponies) for everyone. On the heels of SocGen's call (eerily reminiscent of Schiff's and Faber's prophecy of rising QE no matter what), it's 315pm, have you greatly rotated your money on the sidelines to BTFATH yet?

 

Nope nothing ridiculous about this at all...

 

Sure why wouldn't you be BTFATHing... After-all earnings are 'great' right?... right?

(h/t @Not_Jim_Cramer )

 

Charts: Bloomberg

 

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Thu, 10/24/2013 - 15:16 | 4087555 Say What Again
Say What Again's picture

Is the Bernank still printing money?

Thu, 10/24/2013 - 15:23 | 4087600 Charles Nelson ...
Charles Nelson Reilly's picture

is that a serious question?

Thu, 10/24/2013 - 15:24 | 4087606 Zer0head
Zer0head's picture

this reminds me of something

 

Thu, 10/24/2013 - 15:48 | 4087697 eclectic syncretist
eclectic syncretist's picture

The pathetically low volume today suggests tomorrow will be DOWN!   Just hopefully not for PM and miners IMHO.

Thu, 10/24/2013 - 16:06 | 4087763 flacon
flacon's picture

Metals and miners are short term overbought on the charts and at some key resistance levels (GLD. SLV, GDX).

Thu, 10/24/2013 - 19:15 | 4088397 BringOnTheAsteroid
BringOnTheAsteroid's picture

Um, since when is GLD and SLV a metal?

Thu, 10/24/2013 - 19:38 | 4088466 spine001
spine001's picture

Yes, if the cross the 1350 level for gold then the bull trend would be confirmed if that level is sustained for a few days, if the bull trend is confirmed thee is no stop to where gold prices could go, just as a reference gold was at 1800 in 2011 when the S&P500 was at 1100, or 60% bellow current values 1800 plus 60% would be 2880 an ounce, at 2011 levels adjusted for the S&P500.

Thu, 10/24/2013 - 15:26 | 4087610 DaddyO
DaddyO's picture

Looking at the chart porn gives me a woody!

Same trajectory, same bloody outcome...

DaddyO

Thu, 10/24/2013 - 15:27 | 4087619 Groundhog Day
Groundhog Day's picture

its a manufacturing less recovery

its a jobless recovery

its a consumer drivenless recovery

its a earningsless recovery

I GIVE UP, I"M almost FUCKIN Suicidal

Thu, 10/24/2013 - 15:17 | 4087566 Super Marco
Super Marco's picture

Don't lose

Buy Spooz

Thu, 10/24/2013 - 15:17 | 4087570 Tsar Pointless
Tsar Pointless's picture

No, I haven't. But Chairman Ben has. Isn't that all that matters?

Thu, 10/24/2013 - 15:23 | 4087602 The Axe
The Axe's picture

One look at FNM  and that will show you what is in store for this bullshit

Thu, 10/24/2013 - 15:27 | 4087618 Clowns on Acid
Clowns on Acid's picture

Venezuela has forgotten how much currency it prints per month, at least we KNOW that Immoral Ben prints $85B / mth. Thats the big difference between Venzuela and the US.

Thu, 10/24/2013 - 15:32 | 4087640 RabbitChow
RabbitChow's picture

Another difference is Venezuela actually has gold.

Thu, 10/24/2013 - 15:32 | 4087641 fonzannoon
fonzannoon's picture

People need to seriously get a grip about this "printing" meme. If the fed were dumping it from helicopters or sending us checks that would be zimbabwe. Instead wages and benefits are dropping. This is just slavery 2.0

Thu, 10/24/2013 - 16:58 | 4087980 Law97
Law97's picture

Ben is doing a targeted airdrop ... laser guided precision right onto Wall Street.

Thu, 10/24/2013 - 15:51 | 4087667 ebworthen
ebworthen's picture

They've pushed this lie for so long the sheeple have forgotten the pain of 2008-2009.

"Look!  Everything is better!  Diversified portfolio for the long term!  You will be fishing in the Keys and visiting the Grandchildren in your big RV and living like royalty ONLY IF YOU INVEST IN EQUITIES!"

The commercials and the propaganda are relentless and non-stop. 

Anyone remember the Lind-Waldock and MF Global commercials leading up to Corzine and J.P. Morgan Chase stealing $1.2 Billion of investor money?  I do.

This is M.F. Global and Corzine writ large on a generational scale with the majority of people hamsters on the wheel feeling like they are getting somewhere and believing the abject lies.

Of course, when the pain comes around again - and Wall Street rakes their chips off the table - there will be another shock of "how could this happen!?!?" and Red/Blue debates and the arrest of some Madoff/Rajaratnam like scapegoat guppies so they can start the cycle all over again and the Ponzi can roll on.

Thu, 10/24/2013 - 15:59 | 4087737 eclectic syncretist
eclectic syncretist's picture

The Fed is irrevocably trapped now, and has no recourse but to continue printing, as the economy is tanking, earnings are slumping, comsumers are tapped out and overextended with debt, and interest rates are already at zero.  Sure the ever accelerating printing will pump up or sustain the markets for some time simply from an inflation effect, but since the printing cannot translate into a more prosperous economy the strategy is doomed, and only awaits the recognition of what it really is by the masses.  Many smarter investors realize it already, and are rotating out of stawks, which are at best a wobbly edifice/house of cards destined to crash as the Fed mercilessly dilutes the value of all things financial, and with each passing day the situation becomes less tenable. 

Thu, 10/24/2013 - 15:51 | 4087706 yrad
yrad's picture

Long Totino's Pizza...

 

Thu, 10/24/2013 - 15:56 | 4087724 thismarketisrigged
thismarketisrigged's picture

i almost forgot, amzn reports after bell.

 

nothing like a company never making a profit and always missing expectations, yet always going up 5 percent plus when it reports.

Thu, 10/24/2013 - 15:55 | 4087726 Wakemaker
Wakemaker's picture

Operation Debt Celing Crisis

Mission Accomplished

Thu, 10/24/2013 - 15:56 | 4087729 Gohn Galt
Gohn Galt's picture

ES 1777

Thu, 10/24/2013 - 17:58 | 4088171 NeedtoSecede
NeedtoSecede's picture

OK, I am going to risk winning dumbass of the week award, but I need ask one simple question.  I have never claimed to be an expert on anything-especially "complex" financial jargon that is routinely discussed on ZH.  What does the acronym BTFATH mean already?  I get BTFD, TPTB, TBTF and most of the others used so religiously here on the 'Hedge, but this one has slipped in without me catching on yet (I even get most of the former cheesepope references from the now seeingly banned/droned/renditioned Francis Sawyer, but not this one).

Hit me with all the red arrows that I deserve, but I am just a young kid trying to learn my way in the world.

Thu, 10/24/2013 - 18:23 | 4088249 toe
toe's picture

buy the fucking all time high

Thu, 10/24/2013 - 19:04 | 4088374 Rehab Willie
Rehab Willie's picture

I prefer BTF(I)ATH

Thu, 10/24/2013 - 20:24 | 4088569 geekgrrl
geekgrrl's picture

OK, I must have missed the memo. What is BTFATH?

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