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S&P 500 Surges To New All-Time Highs

Tyler Durden's picture




 

Weakness in Asian data, check. Weakness in European data, check. Weakness in US data, check. USDJPY overnight sell-off primed for US day-session ramp, check... New highs for US stocks, check...

 

S&P new all-time highs and thus positive year-to-date...

 

The Buying panic ensues...

 

Sparked by just a little USDJPY momentum ignition...

 

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Mon, 02/24/2014 - 10:56 | 4470701 Truther
Truther's picture

Watch out for the splatter Bitchez...

Mon, 02/24/2014 - 10:59 | 4470717 camaro68ss
camaro68ss's picture

big tree fall hard

Mon, 02/24/2014 - 11:02 | 4470739 Truther
Truther's picture

Then it burns.... Disintegrates... Popcorn anyone?

Mon, 02/24/2014 - 11:28 | 4470881 BLOTTO
BLOTTO's picture

I think the NASDAQ needs to get to the 5k mark as well before the shit storm hits...?

Mon, 02/24/2014 - 11:58 | 4471027 dontgoforit
dontgoforit's picture

...and the feat goes on, and the feat goes on, on, on, on, on...

Mon, 02/24/2014 - 12:17 | 4471137 max2205
max2205's picture

Wrong. ..this will go on 45% till the Fed doesn't need the market anymore

Mon, 02/24/2014 - 16:15 | 4472085 El Hosel
El Hosel's picture

Yeah... That's a Fat Pitch, Bitch.

Mon, 02/24/2014 - 11:01 | 4470729 Indian_Goldsmith
Indian_Goldsmith's picture

And I just went fucking bankrupt due to my short of the spx because I believed zero hedge. Lol. Thank you Tylers. Now I'll go kill myself.

Mon, 02/24/2014 - 11:03 | 4470747 icanhasbailout
icanhasbailout's picture

Getting kind of crowded on that roof.

Mon, 02/24/2014 - 11:05 | 4470757 Indian_Goldsmith
Indian_Goldsmith's picture

Who is john Galt?

Similar question ::: is zerohedge the bernanke put??

Mon, 02/24/2014 - 11:16 | 4470830 onewayticket2
onewayticket2's picture

ZH isnt wrong...just early.  the question isnt IF, it's WHEN.

Mon, 02/24/2014 - 11:20 | 4470852 Indian_Goldsmith
Indian_Goldsmith's picture

True, early like " since there is this bull market starting up, I predict a crash down the line!!" Just don't ask when. But a crash will definitely come. Who cares when, right?

Mon, 02/24/2014 - 11:22 | 4470864 wallstreetapost...
wallstreetaposteriori's picture

Making money is so easy anymore in this market.   My new strategy has been buy the abesolute garbage of garbage companies... barely even look at their financials, jump in full tilt, and make $$$$$.  its so easy... everything will only go up forever.

Mon, 02/24/2014 - 11:24 | 4470868 fonzannoon
fonzannoon's picture

One thing ZH has been saying for a long time is to just buy the most heavily shorted names. 

Mon, 02/24/2014 - 11:31 | 4470892 BLOTTO
Mon, 02/24/2014 - 12:44 | 4471252 eclectic syncretist
eclectic syncretist's picture

ASM and GSS have both already doubled this year so far.

Mon, 02/24/2014 - 11:05 | 4470759 Skin666
Skin666's picture

As ZH have pointed out too many times to remember, shorting these 'markets' is hazardous for your health!

 

Buy gold, silver and bitcoin. You'll shit yourself a whole lot less ; )

Mon, 02/24/2014 - 11:09 | 4470794 Indian_Goldsmith
Indian_Goldsmith's picture

Lol. Yeah. Ghold and silver. My brother bought silver at 35, and next month is his suicide anniversary. 

Mon, 02/24/2014 - 11:15 | 4470824 HyBrasilian
HyBrasilian's picture

If you wear that shirt you're gonna need a bigger lifejacket...

Mon, 02/24/2014 - 11:19 | 4470846 fonzannoon
fonzannoon's picture

if he sinks to the ocean floor with that shirt on is it still considered above ground stock?

Mon, 02/24/2014 - 13:10 | 4471353 HyBrasilian
HyBrasilian's picture

If he sinks to the ocean floor ~ we'll KNOW he's not a witch...

Mon, 02/24/2014 - 11:05 | 4470763 Slave
Slave's picture

You actually bet against the biggest bubble ever? ...Because a website showed you how obviously overpriced this is? You cannot predict the top...guess you learned the hard way...if you're even telling the truth...

Mon, 02/24/2014 - 11:10 | 4470800 Lewshine
Lewshine's picture

@ Indian,

 

Why would you considerr SHORTING a corrupt market?? Its like complaining about losing your money in a crooked poker game - You be the fool!

Mon, 02/24/2014 - 11:12 | 4470810 resurger
resurger's picture

Do what wb7 said to do :

" Save ya selves, buy stawks"

Mon, 02/24/2014 - 11:11 | 4470801 resurger
resurger's picture

Lol Indian... Why do you trade a broken market?

Mon, 02/24/2014 - 11:15 | 4470821 Indian_Goldsmith
Indian_Goldsmith's picture

A broken market? I'm not dumb enough to believe that if the market broke me, that means the market must be broke too. 

Mon, 02/24/2014 - 11:29 | 4470886 resurger
resurger's picture

Close your eyes, buy everything.  pray lol

Mon, 02/24/2014 - 11:20 | 4470850 RSloane
RSloane's picture

The only direct advice I've read on ZH is in the comment section, and the advice has consistently been don't short the S&P. There was a thread about this last week. Never bet against the house until it starts crumbling.

Mon, 02/24/2014 - 12:16 | 4470901 Thought Processor
Thought Processor's picture

 

Yep.  

Though it looks like the market could continue to rise as currencies continue to get crushed in here (as evidenced by the implosion of certain third world countries).  The US is, at this moment simply exporting the rampant inflation to those who are lower on the totem pole.

Who knows when it will finally hit the US.  Could take some time.  

Regardless it won't end well, and will surely lead to a reset of sorts.

Mon, 02/24/2014 - 13:42 | 4471495 SDShack
SDShack's picture

"The US is, at this moment simply exporting the rampant inflation to those who are lower on the totem pole."

That is the risk TPTB are playing with fire with. That is what touched off the Arab Spring in 2011. 3rd world economies are imploding, and that will cause millions to be very desperate. No matter how much outside interference from whatever East West govt spook you want to talk about, once the people start revolting in the streets, once gas bombs and bullets start flying, no one can count on any plan. Like Mike Tyson said, "Everyone has a plan until you get punched in the mouth". The brushpile has been growing all over the world, and the tinder is bone dry. All it needs is one carelessly discarded match tossed in some place no one even thinks could ever be a problem...

Mon, 02/24/2014 - 11:25 | 4470870 tooldog
tooldog's picture

I have been short SPY and long GLD for so long I don't have to kill myself... I am already dead

Mon, 02/24/2014 - 11:31 | 4470897 Indian_Goldsmith
Indian_Goldsmith's picture

The zerohedge trade?? Makes you so dead that you start appreciating life

Mon, 02/24/2014 - 12:09 | 4471067 Hongcha
Hongcha's picture

Brethren ... I saved at least 15-20% by swearing off shorting this market, last year ... like an alcoholic waxing fondly about his favorite drink, I used to love loading up on SPXU and getting jazzed about a selloff but every day the market kept going up %.30 or would go down .10% and the dip would get bought.  It was like a wet towel snapped in my face every day.

Mon, 02/24/2014 - 15:20 | 4471876 malek
malek's picture

Comprehension problems?

One "shorts" the SPX and most everything by buying gold. Then sit back and relax.

Mon, 02/24/2014 - 10:58 | 4470704 HyBrasilian
HyBrasilian's picture

BTFATH! ~ [Gideon Gono]

Mon, 02/24/2014 - 10:57 | 4470705 resurger
resurger's picture

Must break the 1900....

Mon, 02/24/2014 - 11:08 | 4470785 radwon
radwon's picture

1929 to be exact.

Mon, 02/24/2014 - 12:25 | 4471172 TheRideNeverEnds
TheRideNeverEnds's picture

Well in fairness we will have to break 1900 to close the year over 2000; which is a given.

 

The question is will we make it all the way to 2500 this year or next? 

Mon, 02/24/2014 - 10:58 | 4470706 HUGE_Gamma
HUGE_Gamma's picture

time for the Bear in the Headlights MEME

Mon, 02/24/2014 - 11:18 | 4470839 disabledvet
disabledvet's picture

yep...

Mon, 02/24/2014 - 10:58 | 4470707 Winston of Oceania
Winston of Oceania's picture

The taper will continue regardless as confidence in the Fed is what is at stake, the junkie is high on hope...

Mon, 02/24/2014 - 13:49 | 4471525 SDShack
SDShack's picture

I think you're right. The ANNOUNCED taper will continue. But behind the scenes, the worldwide cabal of Central Banks will continue to monetize debt at an exponential pace. If it doesn't crash in the next couple of years, TPTB will have a stranglehold on the bond markets, ZIRP will exist forever, and the printing presses will insure the Ponzi is perpetual. Say hello to the New Feudal World Order.

Mon, 02/24/2014 - 10:58 | 4470711 Kaiser Sousa
Kaiser Sousa's picture

we rich!!!!!

its all goood!

welcome to the recovery!

ITS A LOAD OF FUCKING BULLSHIT!!!

DEATH TO THE MONEYCHANGERS..........

Mon, 02/24/2014 - 11:21 | 4470856 Kaiser Sousa
Kaiser Sousa's picture

WHY DID THE FINANCIAL TIMES PULL THE ORIGINAL STORY?????

"Global gold prices may have been manipulated on 50 percent of occasions between January 2010 and December 2013, according to analysis by Fideres, a consultancy.

The findings come amid a probe by German and UK regulators into alleged manipulation of the gold price, which is set twice a day by Deutsche Bank, HSBC, Barclays, Bank of Nova Scotia, and Societe Generale in a process known as the London gold fixing.

Fideres' research found the gold price frequently climbs (or falls) once a twice-daily conference call between the five banks begins, peaks (or troughs) almost exactly as the call ends, and then experiences a sharp reversal, a pattern it alleged may be evidence of "collusive behavior."

http://gata.org/node/13681

Mon, 02/24/2014 - 10:58 | 4470712 101 years and c...
101 years and counting's picture

nothing like a pre-arranged ramp in stocks for efficient "markets".  so funny. so sad.

Mon, 02/24/2014 - 11:01 | 4470730 Dr. Engali
Dr. Engali's picture

Dow 20,000 here we come. Bread will be $10 a loaf, but at least there won't be any inflation.

Mon, 02/24/2014 - 11:03 | 4470750 Grande Tetons
Grande Tetons's picture

Beware the ides of March. 

Mon, 02/24/2014 - 11:19 | 4470842 philosophers bone
philosophers bone's picture

G-20 has targeted "growth" to combat "deflation".  "Growth" = more debt.  "Growth" = inflation.  "Growth" = "good for you".    

Mon, 02/24/2014 - 11:46 | 4470967 optimator
optimator's picture

$10 bread and no inflation but can you afford the $19.99 a gallon gas to go get it?  (And what if the bread shelf is empty when you get there?).

Mon, 02/24/2014 - 12:27 | 4471184 TrumpXVI
TrumpXVI's picture

$10 loaf of bread but no inflation because everyone will substitute a $2.50 loaf of sawdust.  $19.99 gas?  I stopped buying gas a long time ago.  I walk everywhere now.

Mon, 02/24/2014 - 11:01 | 4470734 yogibear
yogibear's picture

It's what happens when you have William Dudley at the NY Fed's trading desk bidding prices up.

Mon, 02/24/2014 - 11:01 | 4470736 B2u
B2u's picture

Yellen is a god!  The market can never go down....

Mon, 02/24/2014 - 11:03 | 4470745 hangemhigh77
hangemhigh77's picture

Jamie Dimon must have bought a fleet of yachts this morning.  Free market capitalism at work.

Mon, 02/24/2014 - 11:09 | 4470795 Ban KKiller
Ban KKiller's picture

Makes as much sense as anything else I have heard. 

Share buybacks boosting EPS is false accounting that only fools the Muppets.

Mon, 02/24/2014 - 11:03 | 4470746 buzzsaw99
buzzsaw99's picture

do you see what happens larry?

Mon, 02/24/2014 - 11:04 | 4470752 glaucon was right
glaucon was right's picture

here comes the final run....

Mon, 02/24/2014 - 11:04 | 4470756 yogibear
yogibear's picture

Charles Evans of the Chicago Fed says S&P of 2200 this year. So William Dudley is putting the billions of printed money in the market.

Mon, 02/24/2014 - 11:05 | 4470762 cognus
cognus's picture

SPY yes

GOLD no.

Mon, 02/24/2014 - 11:05 | 4470764 skwid vacuous
skwid vacuous's picture

Cramer said to stay out of stocks for five years - fuck it i'm getting back in here

Mon, 02/24/2014 - 11:09 | 4470788 yogibear
yogibear's picture

Wrong-way Cramer again. His friends must be buying. Maybe William Dudley called him with QEen Yellen in background saying the taper is all bull, it's all PR.

Mon, 02/24/2014 - 11:07 | 4470774 thismarketisrigged
thismarketisrigged's picture

what would a day in the market be like without fuckshit up 2 plus percent and google up 10 dollars plus.

 

wouldnt be a market.

 

this will never end and its nauseating

Mon, 02/24/2014 - 11:12 | 4470808 Shizzmoney
Shizzmoney's picture

No, it ends.  Just will take a while.

Imagine Japan.  Imagine Japan times 1000.  Imagine Japan with a Central Bank AND the biggest military in the world.

Their stagnation has lasted 20 years.  Ours would probably last 75, but unlike in Japan, we have guns, and someone will probably shoot someone by then to get the ball rolling.

Mon, 02/24/2014 - 11:12 | 4470809 skwid vacuous
skwid vacuous's picture

don't forget Netfux - admitting the cable co's have them over a barrel - bullish! 

Mon, 02/24/2014 - 11:07 | 4470776 sbenard
sbenard's picture

I guess Marxism works after all.

Of course, WE all know better! We can not defy the laws of sound economics forever. A day of reckoning is coming, and it will be UGLY!

Mon, 02/24/2014 - 11:13 | 4470816 Shizzmoney
Shizzmoney's picture

This isn't Marxism.  This is Corporate Communism.  THERE IS A DIFFERENCE

Mon, 02/24/2014 - 13:54 | 4471544 SDShack
SDShack's picture

Corporate Communism. I like that term. It's new and fresh, and sounds so much more bipartisan and benevolent compared to the old stodgy Fascism.

Mon, 02/24/2014 - 11:09 | 4470787 The_Ungrateful_Yid
The_Ungrateful_Yid's picture

Follow the  fed or get fucked, is the motto these days.

Mon, 02/24/2014 - 11:10 | 4470796 Shizzmoney
Shizzmoney's picture

I just can't keep up with all of this prosperity!

Mon, 02/24/2014 - 11:11 | 4470807 yogibear
yogibear's picture

Charles Evans (Chicago) and William Dudley (NY)  are the ones advocating for using Federal Reserve QE to bid up stocks.

Mon, 02/24/2014 - 11:13 | 4470811 Shizzmoney
Shizzmoney's picture

Well, they probably also own stocks, so I don't blame them.

I hope every single dollar they make burns in hell, but I don't blame them.

Mon, 02/24/2014 - 11:15 | 4470823 Yancey Ward
Yancey Ward's picture

I have written it many times over the last 18 months- the market will keep going higher until the broad population of people in 401Ks and IRAs panic and transfer out of stable-value and bond funds into stock funds.  Then, and only then, will the market crater.

Mon, 02/24/2014 - 11:16 | 4470834 rsnoble
rsnoble's picture

They need an advanced form of the board game monopoly that gives the banker more power.  Spoof monopoly.  No Gary, you can't buy that.  And  your car needs new tires for $500.

Mon, 02/24/2014 - 11:18 | 4470836 RaiZH
RaiZH's picture

along with gold... 

Mon, 02/24/2014 - 11:18 | 4470840 NDXTrader
NDXTrader's picture

Check out NFLX. Their whole business model got destroyed yesterday and they're green at bubble levels. Tells you all you need to know

Mon, 02/24/2014 - 11:18 | 4470841 Ness.
Ness.'s picture

They turned the machines off for one fucking day to 'test the waters' and allow the market to react normally (ISM Manufacturing Feb. 3rd) and the DOW lost 300 points and it scared the shit out of them.

 

Never again.  

Mon, 02/24/2014 - 11:22 | 4470862 Market Rage
Market Rage's picture

Negative divergence in the VIX.  Follow-through volume isn't very strong either.  If volume even matters nowadays....

Mon, 02/24/2014 - 12:43 | 4471250 El Hosel
El Hosel's picture

Volume has been the upside down indicator since SPY 87.50 back in July.... of 2001, transitory?, Bitchez?

Mon, 02/24/2014 - 11:31 | 4470898 yogibear
yogibear's picture

Long-term plan is to crush the US dollar.

A major US dollar devaluation is coming. Encouraged and orchestrated by the IMF.

Mon, 02/24/2014 - 11:36 | 4470913 Spastica Rex
Spastica Rex's picture

The "wealth" of our nation is defined by a giant, virtual casino.

Mon, 02/24/2014 - 12:16 | 4471129 Rising Sun
Rising Sun's picture

Print faster Yellen you fat ugly cunt!!!!!

Mon, 02/24/2014 - 12:39 | 4471223 El Hosel
El Hosel's picture

Wow, just think what stocks are going to do as soon as the Fed Fixes the weather.

The Bigger the Rigger the better the rigger, the riggers are better at the Federal Reserve.

Mon, 02/24/2014 - 13:15 | 4471375 endorush
endorush's picture

i getsin PAPER yo. im gettin paid son, believ dat

 

yall doomsaingers gettin BLOWTORCHED.

 

i get greenbacks cuz feel me?

Mon, 02/24/2014 - 13:18 | 4471387 bentaxle
bentaxle's picture

The Fed is just havin' fun with ZH'ers, it's not serious or anything....

Mon, 02/24/2014 - 13:28 | 4471431 Cortez
Cortez's picture

The question is who is selling to these buyers?

Mon, 02/24/2014 - 14:10 | 4471600 I Write Code
I Write Code's picture

Geezus Louisus

Mon, 02/24/2014 - 15:02 | 4471783 Spungo
Spungo's picture

"Yeah. Ghold and silver. My brother bought silver at 35, and next month is his suicide anniversary. "

Did he kill himself because his shiny rocks dropped in value or did he kill himself because his family is infested with cunts? 

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