• Sprott Money
    05/06/2016 - 06:03
    The US, in its own decline, is showing this same self-destructive tendency. The worse things get, the greater the inclination of the citizenry to say, “Carry on, everything’s fine.”

No One Will Ring The Bell At The Top

Tyler Durden's picture


Submitted by Lance Roberts of STA Wealth Management,


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Wed, 04/09/2014 - 10:29 | 4639115 Flakmeister
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Ding, ding, ding...

Wed, 04/09/2014 - 10:48 | 4639185 0b1knob
0b1knob's picture

Ding dong, ying yuan double ruble, the wicked dollar is dead...


Wed, 04/09/2014 - 11:02 | 4639249 Flakmeister
Flakmeister's picture

You are wrong if you think that China and Russia cutting a CAPEX deal for a region of Russia responsible for 3% of oil and gas production is a game changer...

Wed, 04/09/2014 - 11:03 | 4639252 Four chan
Four chan's picture

funny how frank baum's 1939 book is related to the destruction of value in america today. coincidence?


Wed, 04/09/2014 - 10:29 | 4639118 kliguy38
kliguy38's picture

AooooGA AooooGA.....DIVE DIVE

Wed, 04/09/2014 - 13:30 | 4639766 onelight
onelight's picture


Wed, 04/09/2014 - 10:31 | 4639127 Caracalla
Caracalla's picture

The Top"?  When will we see that, maybe 2019?  Look at interest rates. With rates so low, investors have nowhere to put there money except in stocks.  Once rates start meaningfully rising, I might start thinking about a top.  Despite the Fed's posturing the past couple of months, there's no way the Fed funds rate rises any time in 2015 and I fully expect more stimulus in 2014, whether it come from the EU, China or the Fed.

Wed, 04/09/2014 - 10:35 | 4639140 ArkansasAngie
ArkansasAngie's picture

I think Goldman's actions say you are wrong.

Lions and tigers and bears ... they're going to eat you up and spit you out.

Me thinks I smell something rotten.  A planned reset?

Wed, 04/09/2014 - 10:54 | 4639210 eclectic syncretist
eclectic syncretist's picture

I just went short credit suisse, and I feel really good about it.

Wed, 04/09/2014 - 10:47 | 4639179 fonzannoon
fonzannoon's picture

" Look at interest rates."


"Reuters is reporting that Greece has received no less than €11bnworth of bids for its new five-year bonds -- much more than the €2bn it was initially expected to sell.

Strong demand, which explains why analysts are suggesting that the bonds could be sold at an interest rate of just 5% - as Athens can cherry-pick the best offers."


Time to stop worrying about the NWO. It's here. Global slavery 2.0 has arrived and the grandest experiment in the history of the financial system can now hold up it's "mission accomplished" sign.

Wed, 04/09/2014 - 10:47 | 4639180 Quinvarius
Quinvarius's picture

There are plenty of places to put your money instead of stocks.  And you will end up with more of it in the end, instead of less.  You have convinced yourself you are not chasing prices just because they are moving.  You are chasing prices just because they are moving.  Stocks need an actual functioning economy because they represent living companies.  I see decline and need of bailouts.

Wed, 04/09/2014 - 10:57 | 4639229 goBackToSleep
goBackToSleep's picture

Perhaps you speak of the precious good sir?

Wed, 04/09/2014 - 10:33 | 4639129 ArkansasAngie
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Why?  I tell you why!  You're the sucker that they are selling to.


Wed, 04/09/2014 - 10:34 | 4639131 buzzsaw99
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There will be no top, only MOAR

There is no Dana only Zuul. [/Ghostbusters II]

Wed, 04/09/2014 - 10:34 | 4639133 nightshiftsucks
nightshiftsucks's picture

It's not real anymore so the article is outdated,might have been useful when we had a real economy.

Wed, 04/09/2014 - 10:34 | 4639134 Cattender
Cattender's picture

DING DING DING!!!! < Several Months ago..

Wed, 04/09/2014 - 10:36 | 4639141 Caracalla
Caracalla's picture

Just BTFD...no money to be made shorting

Wed, 04/09/2014 - 10:36 | 4639142 q99x2
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Investors.com Investors Business Daily has about a 100% track record for calling the market tops accurately.

They are not that good at bottoms because of the huge amount of money that is available at market bottoms. But they always get the uptrend once it starts again.

Wed, 04/09/2014 - 10:37 | 4639147 Max Damage
Max Damage's picture

They don't even know why they are bullish most of them

Wed, 04/09/2014 - 10:38 | 4639152 zipit
zipit's picture

Top in 3, 2, 1...

Wed, 04/09/2014 - 10:41 | 4639157 Spungo
Spungo's picture

The graph is starting to show a dick in mouth pattern 

Wed, 04/09/2014 - 10:42 | 4639159 Hindenburg...Oh Man
Hindenburg...Oh Man's picture

How many years have we been hearing this story? 

Wed, 04/09/2014 - 10:45 | 4639173 Flux
Flux's picture

Oh, about every ten minutes for the last five years.

But this time its different ...

Wed, 04/09/2014 - 10:42 | 4639160 Tsar Pointless
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Dr. Strangelove Part Two: How I Learned to Stop Complaining and Love HFT


Wed, 04/09/2014 - 10:42 | 4639161 Quinvarius
Quinvarius's picture

Goldman Sachs will tell everyone to go long.

Wed, 04/09/2014 - 10:44 | 4639170 nqs_alpha
nqs_alpha's picture

bells have been ringing at ZH, but few beyond regular ZH'rs seem to be listening

Wed, 04/09/2014 - 10:55 | 4639201 Flux
Flux's picture

I still recommend that one skips a diet of too much doom and gloom. Sunshine, a girlfriend, and a career is a much better prescription.

Zero Hedge can be toxic entertainment.

Wed, 04/09/2014 - 10:54 | 4639213 Spungo
Spungo's picture

You can still buy stocks, but make damn sure you use trailing stops. 

Wed, 04/09/2014 - 11:06 | 4639257 goBackToSleep
goBackToSleep's picture

 sure those will execute, given a flash crash where the cb's don't work properly? Pst.... Those are algo's too. Perhaps they could pull the plug on Hal9000. Or just re-set it to what ever point in time they feel suits the largest houses of ill repute. sketchy at best. Be careful out there.

Tigers and Lions and Bears!

Notice the lack of bulls.

Wed, 04/09/2014 - 11:27 | 4639347 El Hosel
El Hosel's picture

Yeah, and hide them from the algos.

Wed, 04/09/2014 - 11:10 | 4639271 booboo
booboo's picture

Ha! Most "investors" pensions, 401.....have no say in the matter. Those funds are where all the shit gets stuffed and they get a free ticket on the express elevator all the way down to hell.

Wed, 04/09/2014 - 11:37 | 4639395 cashtoash
cashtoash's picture

when interest rates on borrowing are low, why would someone not borrow and buy stocks to make 10% a year, with 3% on dividends alone.  Makes sense!!  Ding..Ding...Dah...

Wed, 04/09/2014 - 11:42 | 4639414 teslaberry
teslaberry's picture


Wed, 04/09/2014 - 11:57 | 4639476 ebworthen
ebworthen's picture

Yes, but when will margin debt and S&P 666 meet?


Wed, 04/09/2014 - 12:00 | 4639486 agstacks
agstacks's picture

I hear the music and see the dancing, but I don't dance; and I'm quite fine sitting here in this cozy chair, watching from the side of the dancefloor. Some of these guys are pretty funny to watch dance! Gartman is doing the Macarena in Yen terms. 

Wed, 04/09/2014 - 12:00 | 4639492 LooseLee
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"The current levels of investor complacency are more usually associated with late stage bull markets rather than the beginning of new ones." 


Ha, ha. Just ask JIM PUPLAVA, RALPH ACAMPORA, JEFFREY SAUT, JAMES ALTUCHER, JIM PAULSEN, THISRIDENEVERENDS, etc.  They say we have just recently entered a new 'secular' BULL even though the 'secular' BEAR that was ushered-in in 2001 has been stymied twice by the PINKO COMMIES at the Fed and in Washington. Since the BEAR has been 'artificially' engineered to re-hibernate, I think we have a resumption of that BEAR on steriods----with not too much longer to wait...

Wed, 04/09/2014 - 12:30 | 4639612 NEOSERF
NEOSERF's picture

THIS TIME IS DIFFERENT or didn't you get the memo?

Wed, 04/09/2014 - 13:18 | 4639829 1stepcloser
1stepcloser's picture

didn't get the memo...we got the MOMO

Wed, 04/09/2014 - 13:20 | 4639849 1stepcloser
1stepcloser's picture

I have an idea lets get the Long Island medium to channel Mark Haines.  Since he called the bottom...he can obviously call the top.  



Wed, 04/09/2014 - 13:24 | 4639870 DOGGONE
DOGGONE's picture

Truth is
The Public Be Suckered

Wed, 04/09/2014 - 23:09 | 4641970 Cashcollateral
Cashcollateral's picture

Who is optimistic about their investments? Seriously, who is out there talking about how wonderful the stockmarket is? 

All I've seen for three years is people screaming on about how awful everything is and how the market is on the verge of collapse. Please link me to a commentator who is genuinely, seriously, pitching stocks as being a "sure win" or a "guaranteed return" like they used ot in '06. Where are these market bulls everyone is talking about?

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