Where Does This Market Rally Rank?

Tyler Durden's picture

Submitted by Lance Roberts of STA Wealth Management,

 

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whatsinaname's picture

Alli I can see is that the stock market will become a sacrificial lamb to the bond market until 10 yr is below 2.5 and then QE infinity will resume.

Rainman's picture

All I can see is deer eyes

alphamentalist's picture

yeah. where's the deer? also, you might stock up on venison photos. think they will soon be appropriate. 

Sabibaby's picture

If you don't know where the dear is, it might be you...

ebworthen's picture

This is not a benign secular bear market.

Rainman's picture

Balance sheet depressions are a beeeatch !

buzzsaw99's picture

the point is not whether it goes up or down. the point is that whatever level it is at is where the central planners want it to be. there is no market, there is only the fed.

TeamDepends's picture

Fire in da hole!  FIRE IN DA HOLE!!!!!

GeezerGeek's picture

Damn. but I hope they start up that MyRA soon! I wanna have my IRA in Treasuries, not stawks, if the latter are gonna tank!

Meanwhile, no one's SS income doubled since 2009, so having invested in stawks back in 2009 would have been better than relying on SS. .

Cursive's picture

I enjoy Lance Robert's analysis very much, but what in the hell would it take for him to sell?

Its Only Rock N Roll's picture

Lance you may want to evaluate that "career risk" and then doing something against what you truly believe.  You clearly have an ethical and fiduciary standard to uphold to your clients.  They are depending on you to do the right thing. 

Just saying.

Orly's picture

Love me some Lance!

:D

This one, however, is not the "reversion to the mean" you were looking for.  It should be quite obvious that these moves lately have been to blow out both longs and shorts.  Otherwise, there would be panic at the Disco! while the market would move straight down, not yo-yo back and forth.

Look for USDJPY to 106, then 107 and a moonshot to 110 as the SPX finally puts in the long-awaited parabolic blow-off top.  Only then can we talk about reversion to the mean.

:F

OutLookingIn's picture

The stock market is nothing more than a mountain of worthless paper, with dividends paid out in more worthless paper. As Bill Holter has explained in his latest missive, the REAL bank "run" started some years ago. In gold. Not the phoney comex paper futures, nor the equally phoney paper GLD ETF shares, but the REAL thing. Gold bullion.

Chinese 'Aunties' and Indian 'farmers' have been gathering the stuff as fast as they can, along with their governments and other stackers who see the truth. Only recently has this bank run come to the attention of a wider audience, through Germanys request for just 20% of THEIR gold returned and being told to wait 7 years! Why? Because there is none to be returned. Simple. Its gone. Poof! When this really sinks in, the majority in the west will be left out in the cold, staring through the window at those who will make the new rules.

They who have the gold make the rules.  

El Viejo's picture

Yeah,  instead of PE maybe we should value based on net worth of a company during a crash divided by the likelyhood of a crash.

starman's picture

How do you like your eggs Miss, pardon Mrs Yellen?