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Tanking Stocks Are Catching Down To Credit's Reality
JPY carry trades are not helping and stocks just keep testing lows and finding no new BTFATH-ers for now. This will come as a little surprise to those who have watched the saturated and less exuberant credit markets unable to join the party for the last 2 months.
Credit never bought it...
and all those NFP taper-is-good gains are gone...
as JPY carry is being unwopund (for now)...
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Santa Clause rally MY ASS !!
Santa got run over by some reindeer.......
Well, they're going to throw 7.5B at it Friday anyway.
Jus' cuz.
Santa got tapered, then just got laid off at JC Penny. He'll rally his ass back up to the north pole and live off reindeer meat.
There is a microscopic uptic at the very end of the Credit plot and some are getting awfully excited about it, but I just don't see it. I see another Faux Rally possibly with ups and downs and then the big one will hit again. Kinda like the time period between 2003 and 2008.
See graph here: http://www.zerohedge.com/news/2013-12-11/peak-greater-fools
This Period wil soon be over and the Fucking will continue.
HYG vs SPX going back to the bottom in Oct, 2011 shows SPX "fair value" at 1260. thats a perfect 30% "correction" from the top. let er rip!!!
Hoe hoe hoe.... (A woman that is too loose in the booty)
No Mo POMO in Dec after 12/23... http://www.newyorkfed.org/markets/tot_operation_schedule.html
No announced POMO.
If you strill believe any official pronouncements now , you have not been paying attention.
Year end bonuses are important to the FedRes's owners puppets.
Instead of a taper do we see an increase to existing QE on December 17 ?
Wake me up at 400
Fukishima me!
Troika lenders to Greece: what if you don't pay not a single pension in 2014? (!!!)
http://failedevolution.blogspot.gr/2013/12/troika-lenders-to-greece-what...
Wake me up when my free-shit entitlements are affected!
They keep throwing the phony Taper meme around.
The boogeyman that doesn't exist. lmao.
90 points? About the time it takes the PPT to do a Selfie.
$35 billion in reverse repos today. Need to keep the rehypothecation ponzi alive. Correct, Bill Dudley?
Yep, buy the faux Taper dip http://www.google.com/finance?chdnp=1&chdd=1&chds=1&chdv=1&chvs=logarithmic&chdeh=0&chfdeh=0&chdet=1386795600000&chddm=755&chls=IntervalBasedLine&cmpto=NYSEARCA:USO;NYSE:HYT&cmptdms=0;0&q=NYSEARCA:SPY&&fct=big&ei=HqSoUvG_JIK80gHMMQ
In other news expect Retail stocks beating to continue as Q4 closes http://bloomberg.econoday.com/byshoweventfull.asp?fid=455600&cust=bloomberg-us&year=2013&lid=0&prev=/byweek.asp#top
I guess refiners are stocking up on gas for all the driving to the recovery people are going to be doing soon http://bloomberg.econoday.com/byshoweventfull.asp?fid=455768&cust=bloomberg-us&year=2013&lid=0&prev=/byweek.asp#top
It's still early in the month.
Swiss blue chips index hit the highs 836x already November 18th - printing a double top after the May top around 8420.
Now at least further down towards 74xx.
Right now 794x.
Script behind it: big boyz sell European equities which are clearly underperforming US equities. As Europe will go down in flames next year. This - for the moment - supports EURUSD. Until they are sold out for a correction.
Swiss blue chips around 77xx could mark a low. 785x might provide some support too.
Gold's rise is just a fake rise - to get as many gold bugs as possible on board - before it will start making new lows again.
DX on the run toward 90. At least.
SnP 1781 (close) or so is an absolutely important line in the sand.
Found: Good home needed for Sign language interpreter. Would make great communications strategist for Federal Reserve Tapering speeches..
http://www.telegraph.co.uk/news/worldnews/nelson-mandela/10510473/Fake-i...
Hardly something bears should get excited about. We've seen this before.
Longer term we are fucked, but I would wait and see if we get some ACCELERATED downside tomorrow.
POMO is still fully loaded and ready to go.
Real Rotation:
JPMorgan Goes Net Long Gold - Files Bitcoin Killer Patent
After years of allegations about involvement in Gold and Silver manipulation JPMorgan is chasing Bitcoin. So much is for Bitcoin "Gold 2.0" "Limited supply" - you can chose already from 43 listed crypto-currencies and now more are to come. After China and South Korea have banned Bitcoin from Financial Institutions the race is on among the Central Banks to outlaw it. Banksters are always ready to help here.
JPMorgan involvement in the "Bitcoin-Killer" is very interesting in light of recent reports from Turd Ferguson that for the long time JPMorgan is Net Long Gold and will stand to benefit from the Gold price going higher this time.
http://sufiy.blogspot.co.uk/2013/12/the-chase-is-on-jpmorgan-chase-build...
the point of JP buying gold is not in my view to drive up price...not that can't happen as a consequence of course. To me it's just to manage counter party risk in case we get a replay of 2008 in the near term here. I have no idea why they would want to destroy bitcoin. this world in theory could become a huge profit center for banks at a minimum by simply handling the transactions.
banks running cryptocurrencies? The MAN owns cryptocurrencies in that scenario. I would never trust a cryptocurrency of a bank that is plugged into the worlds Central Bank grid.
Turd ... now that is another 100% confirmation gold will first go a lot lower.
This current rally is just to suck in all the sheep following that one-trick pony. See ya all below 1000$/oz into end of Q2/early Q3.
Nevertheless Turd will - anyway - have an explanation.
Mind blowing he still has readers.
What constitutes high yield credit nowadays?
HEY - I AM CORRECT IN SAYING THAT THE DIDIER SONNET MODEL HAD 2 DATES FOR HIS MATHEMATICAL MODEL FOR A BUBBLE/BOOM/BUST. THE WEEK OF JANUARY 14TH AND THIS WEEK.
COULD THIS BE THE WEEK IT ALL STARTS TO FALL APART? STAY TUNED.
January 14th-20th (+/- 2 weeks) sounds good.
You have to make a difference though between US Indices and EU indices. In example see the Swiss blue chip Index. Self explanatory.
Its all about the 10 year now. If its over 3%, ain't gonna be no taper. The fed doesn't give a shit about the made up NFPs. Only two things matter: 1. Borrowing rates for the govt. and 2. Getting in front of QE not working anymore by tapering before the economy goes back into full-on depression mode by itself, as the latter would prove to all and sundry that the fed has fired its last bullet and missed. They want to taper so they can blame the bad economic news on the taper rather than their failed QE experiment.