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Spot The Odd One Out

Tyler Durden's picture




 

One of these markets has recovered all of the post-Yellen move from yesterday... (and only one)...

 

 

Charts: Bloomberg

Bonus Chart (by request) - Financials diverging from the yield curve once again (seen before - so buy steepeners, sell XLF?) the last divergence was the taper-tantrum


 

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Thu, 03/20/2014 - 13:13 | 4573179 spastic_colon
spastic_colon's picture

VICTORY?!?!?!?!

Thu, 03/20/2014 - 13:14 | 4573186 PartysOver
PartysOver's picture

Go Bots, go!  Go Bots, go!

Thu, 03/20/2014 - 13:16 | 4573200 wallstreetapost...
wallstreetaposteriori's picture

Bonus chart the finanicals vs the flattening yield curve and let me know that shits not odd...  its all odd.

Thu, 03/20/2014 - 13:25 | 4573238 flacon
flacon's picture

CHUCK SCHUMER

Thu, 03/20/2014 - 14:45 | 4573693 furgheddubouddit
furgheddubouddit's picture

Algorithm: " brrrrt prrrrt beeeep * market%^ correction = UNKNOWN command....beeep eerrrrnt SYNTAX error ## CANNOT COMPUTE** brrrrrt beeep * m-u-s-t *& p-u-s-h..*h-i-g-h-e-r ..!* .#brrrrrrt beeeeeep beeeeep"

Thu, 03/20/2014 - 13:15 | 4573190 Headbanger
Headbanger's picture

Damn!  This is a tough one!  Let's see now....

Could it be....  DOOR NUMBER THREE!

Thu, 03/20/2014 - 13:46 | 4573364 Groundhog Day
Groundhog Day's picture

SPX looks like a happy face....Have a nice day....now where's the yellow balloon

Thu, 03/20/2014 - 13:12 | 4573181 dow jones 20000
dow jones 20000's picture

Oh! I got it!

It's the S&P! 

Thu, 03/20/2014 - 13:14 | 4573187 spastic_colon
spastic_colon's picture

took me a minute too

Thu, 03/20/2014 - 13:14 | 4573189 1stepcloser
Thu, 03/20/2014 - 13:16 | 4573199 i_call_you_my_base
i_call_you_my_base's picture

BTFATH and eat your salads with Freedom Dressing. Because America.

Thu, 03/20/2014 - 13:38 | 4573305 Cannon Fodder
Cannon Fodder's picture

'Murica.... there, fixed it for ya..... :)

Thu, 03/20/2014 - 15:18 | 4573862 steelhead23
steelhead23's picture

Here's a question for Tyler - or anyone else who likes to play with charts - would a strategy of purchasing SPX at closing bell on FOMC release day and selling at opening 3 days later beat a buy and hold strategy since Jan 1, 2012?  It sure looks that way.  Which, by the way, suggests the market is nervous, very, very dradfully nervous and that the FOMC has more to do with market gains and losses than the overall economy or any of those silly fundamentals.

Thu, 03/20/2014 - 13:18 | 4573205 Roger Shermanator
Roger Shermanator's picture

Looks like the Shutup & Print 500

Thu, 03/20/2014 - 13:19 | 4573211 hangemhigh77
hangemhigh77's picture

They should make Bullshit a commodity so it can be tracked

Thu, 03/20/2014 - 13:22 | 4573230 Dr. Richard Head
Dr. Richard Head's picture

I believe that would be the hockey stick graph of the century!

Thu, 03/20/2014 - 13:24 | 4573236 i_call_you_my_base
i_call_you_my_base's picture

This is a pretty good substitute:

https://www.google.com/finance?q=fb

Thu, 03/20/2014 - 16:37 | 4574258 beyondtheprogramming
beyondtheprogramming's picture

AHAHAHA!  and a mass failure of social intelligence in which people are easily tricked or manipulated into an ill-advised course of action, that's gullibility and as long as everything we do is getting tracked, that ought to be tracked, too.

Thu, 03/20/2014 - 13:20 | 4573215 order66
order66's picture

Whew. I was starting to worry that stock prices had started to accurately reflect the economic environment.

And that's just crazy talk.

Thu, 03/20/2014 - 13:20 | 4573220 scubapro
scubapro's picture

by seeing short term rates higher sooner than in the distant future and tapering--which will create a stock market sell off/correction--and push money into long bonds....she will single-handedly invert the yeild curve with only 2-3 press conferences.   

they inverted the yeild curve in 2007 too, once they saw the sub prime bubble--only b/c it was deflating---and raised rates, "b/c the economy is so strong"....then Bear blew up; then fnma/freddie  went inverted..

 

its slow at first, then all at once.  

Thu, 03/20/2014 - 13:21 | 4573224 Charles Nelson ...
Charles Nelson Reilly's picture

if we went full retard awhile ago, then I'm not sure what we can call this?

Thu, 03/20/2014 - 13:26 | 4573243 gjp
gjp's picture

fuller retarder?

moar full retard?

overfull retard?

I give up?

Thu, 03/20/2014 - 13:33 | 4573268 Yancey Ward
Yancey Ward's picture

I call it the Biden/Kerry Effect.

Thu, 03/20/2014 - 13:34 | 4573272 i_call_you_my_base
i_call_you_my_base's picture

Full braindead.

Thu, 03/20/2014 - 13:37 | 4573300 Doubleguns
Doubleguns's picture

Are folks not listening. Never supposed to go full retard. Never!!!

 

http://www.youtube.com/watch?v=X6WHBO_Qc-Q

Thu, 03/20/2014 - 13:40 | 4573318 F.A. Hayek
F.A. Hayek's picture

Barney Frank syndrome

Thu, 03/20/2014 - 13:41 | 4573328 MsCreant
MsCreant's picture
Profound Mental Retardation

At this level, a person:

  • is unable to understand or comply with requests or instructions
  • is immobile
  • must wear adult diapers
  • uses very basic nonverbal communication
  • cannot care for own needs
  • requires constant help and supervision
  • has an IQ of less than 20
Thu, 03/20/2014 - 13:25 | 4573233 put_peter
put_peter's picture

So much for the FED credibility.

Now that they have found a formula that works (QE forever) they suddenly decided to end this magnificient activity. However later they will continue the QE anyway... JMHO.

Thu, 03/20/2014 - 13:25 | 4573240 Father Lucifer
Father Lucifer's picture

Won't last long.

Thu, 03/20/2014 - 13:30 | 4573256 maskone909
maskone909's picture

$usd will break 79 sooner or later i can taste it

Thu, 03/20/2014 - 13:30 | 4573259 PontifexMaximus
PontifexMaximus's picture

Thx to Vlad & Janet

Thu, 03/20/2014 - 13:32 | 4573266 fonzannoon
fonzannoon's picture

dear mr. bernakyellen. i am so sorry i raised cash last week. don't know what the fuck i was thinking. anyway i btfd bigtime yesterday and hope i am back in your good graces. i'm at a pub right now watching Dayton/Ohio state and hoping you have things under control. I promise i will never, ever, raise cash again. Thaaaaaanks.

Thu, 03/20/2014 - 13:34 | 4573279 Soul Glow
Soul Glow's picture

Yellen must love her pretty stock market illusion.  

Thu, 03/20/2014 - 13:36 | 4573290 madbraz
madbraz's picture

What a surprise, right on futures/options expiration... 

 

Coincidentally, the NY FED jacked up securities lending from below $10 billion to $15 billion/day this week (plus some $9 billion rolled over daily) and jacked up the "for operational readiness only" reverse repo from $47 billion to $80 billion...

 

In a nutshell, over $100 billion in treasury collateral provided by your friendly NY FED to support TBTF banks on their future/options/derivative positions and favorite short positions.

 

And to think that this same day they are coming out with a bank "stress test", right on expiration day is downright criminal.  

 

 

 

 

Thu, 03/20/2014 - 13:40 | 4573319 put_peter
put_peter's picture

Well this is how QE works from now on.

Thu, 03/20/2014 - 13:37 | 4573299 DavidC
DavidC's picture

I don't understand why the Fed (and the banks) are so absolutely petrified of ANY correction or downward move. If they honestly think that then we are definitely closer to the start of the end.

DavidC

Thu, 03/20/2014 - 15:57 | 4574029 Duke Dog
Duke Dog's picture

Just remember Bershire/Buffet - if I'm not mistaken from what I read 5 years ago (nothing now), Berkshire has $tens of Billion in put options written on specifically the S&P with the bulk expiriing in 2015.

Now you know where his famous expression "Weapons of Mass Financial Destruction" came from, why he is a fucking Whore, and why the S&P has to be Bought at all Cost.

I do wish Tyler would look into that scam correlation/causation.

Thu, 03/20/2014 - 13:39 | 4573312 Conax
Conax's picture

I remember when silver was $31 and JPM stock was $33.

Today, JPM is over 60.  A hundred lawsuits, billions in fines, giving up commodity trading, involved in Libor rigging, and the stock price goes vertical.

Hulk sad.

Thu, 03/20/2014 - 13:52 | 4573407 JimmyRainbow
JimmyRainbow's picture

ucrainians will move on their knees to the crimean border asking for asylum in russiua.

eu wins a deserted land with the financial equivalent of a neutron bomb

Thu, 03/20/2014 - 14:09 | 4573506 Baby Eating Dingo22
Baby Eating Dingo22's picture

This is better than watching an entire season of My Little Pony

Thu, 03/20/2014 - 14:16 | 4573537 Ban KKiller
Ban KKiller's picture

Watered the raised beds. Fed the chickens. Had  a great breakfast with latte here at the casa. 

Gold? JPM? Yellen? Fuck that shit. I just read these for the comments. 

Long real assets. 

Short paper bullshit promises made by liars. 

Thu, 03/20/2014 - 14:28 | 4573597 Armed Resistance
Armed Resistance's picture

"The world will soon wake up to the reality that everyone is broke and can collect nothing from the bankrupt, who are owed unlimited amounts by the insolvent, who are attempting to make late payments on a bank holiday in the wrong country, with an unacceptable currency, against defaulted collateral, of which nobody is sure who holds title."

Anonymous

Thu, 03/20/2014 - 14:55 | 4573735 skwid vacuous
skwid vacuous's picture

March Madness?

Thu, 03/20/2014 - 15:37 | 4573982 Jimmy Sparklenuts
Jimmy Sparklenuts's picture

Ides of March.

Thu, 03/20/2014 - 14:56 | 4573741 Patriot Pete
Patriot Pete's picture

So f'ing sick of the manipulation. Just more crony capitalism and corruption from the most transparent administration ever.

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