• Sprott Money
    05/26/2016 - 05:58
    How many “emergency” “secret” meetings do the central planners around the world need to have before the citizens of the respective countries begin to fully understand and take notice that something...

Putting The 'Correction' In Perspective

Tyler Durden's picture


"Turmoil" indeed...



Chart: Bloomberg

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Fri, 04/11/2014 - 11:16 | 4647553 Squid Viscous
Squid Viscous's picture

don't fight the fed... and keep buying phyz

Fri, 04/11/2014 - 11:18 | 4647560 DOT
DOT's picture

The world will end....


Fri, 04/11/2014 - 11:20 | 4647575 max2205
max2205's picture

Correction. ..shemechtion

Fri, 04/11/2014 - 11:24 | 4647597 goBackToSleep
goBackToSleep's picture

The bigger they are........Yin Yang, all things in moderation.............

Awww Fuck it!

Fri, 04/11/2014 - 11:31 | 4647629 TruthInSunshine
TruthInSunshine's picture


The time to have bought was Spooz 666, when NoBama the
stock broker came out to the Rose Garden podium, winked, and said "now might be a good time to buy some stawks," with a twinkle in his eye.

Fri, 04/11/2014 - 11:51 | 4647717 zaphod
zaphod's picture

This steady up ramp since the beginning of 2013 looks identical to the steady up ramp in M0 from QE3. 

The FED is screwed because every single participant in the market knows this is the case, which means the second the FED stops printing look out below. 

Fri, 04/11/2014 - 11:57 | 4647735 Manthong
Manthong's picture

It’s amazing to see what $4 Trillion of on-the –books and $ 25 Trillion or so of off-the-public-books FRN’s can buy you.

The only way to really understand this would be to find the funny book.

Maybe it’s just an Excel spreadsheet named “Madoff 2008”.


(the EU wasn't floated in 2008 and 2011 with magic)

Fri, 04/11/2014 - 12:17 | 4647812 SoilMyselfRotten
SoilMyselfRotten's picture

Correction? Some erections don't look as good.

Fri, 04/11/2014 - 13:00 | 4647970 orez65
orez65's picture

"Correction? Some erections don't look as good."

If your stock erection lasts longer than 5 years, please sell your stocks and buy gold and silver.

Fri, 04/11/2014 - 13:16 | 4648026 Beam Me Up Scotty
Beam Me Up Scotty's picture

"second the FED stops printing look out below."

The FED will NOT stop printing.  Period.  We are currently taking their word for how much money they are printing.  What is it allegedly now?  $65 Billion a month?  How do you know they aren't really printing a trillion a month?  Answer:  you don't.  We can't audit the Fed to find out.  They could be printing like MOFO's in the backround and keeping the stawk market on the up escalator, all while they are telling us they are tapering.  Markets that go down are bad for Keynesian politicians trying to buy votes.  They don't like down markets.

Remember the "we have to lie when things get really bad" meme?  I think everything they say is a lie.

Fri, 04/11/2014 - 12:05 | 4647778 yrad
yrad's picture

To tha MOON!

Fri, 04/11/2014 - 12:08 | 4647789 Headbanger
Headbanger's picture

Back to the Earth!

Fri, 04/11/2014 - 12:31 | 4647860 slaughterer
slaughterer's picture

See you bears at ES 1929 next week.  Big news from central banks this weekend.  

Fri, 04/11/2014 - 12:35 | 4647871 fonzannoon
fonzannoon's picture


Fri, 04/11/2014 - 14:25 | 4648314 TheRideNeverEnds
TheRideNeverEnds's picture




The dip

Fri, 04/11/2014 - 13:16 | 4648030 eddiebe
eddiebe's picture

When you buy phys you are fighting the fed.

Fri, 04/11/2014 - 11:17 | 4647555 Obama_4_Dictator
Obama_4_Dictator's picture

Oh..the humanity of it all.....the humanity....make it stop

Fri, 04/11/2014 - 11:18 | 4647558 midtowng
midtowng's picture

We've got a long ways to go to get back to reality

Fri, 04/11/2014 - 11:18 | 4647556 fonzannoon
fonzannoon's picture

just a heads up, the correction has been in the momo section.

Fri, 04/11/2014 - 11:25 | 4647603 greatbeard
greatbeard's picture

In reply to your bit about taking the Fed's side over the cattle grazer, I'll say I do not support some cattle guy's right to gaze his cattle anywhere he pleases with no supervision.  Federal land is also my land and I'd just as soon the shit kickers didn't have free reign with their bovines. If you see sticking up for my rights as siding with the Feds, so be it.

Now, back to the regular scheduled programming. 

Fri, 04/11/2014 - 11:30 | 4647624 fonzannoon
fonzannoon's picture

hey fair enough. I should have phrased that differently, my bad.

Fri, 04/11/2014 - 11:42 | 4647689 Doubleguns
Doubleguns's picture

How are the cows tresspassing so much worse than 11 million coming across the border. Obviously we have to send in troops on the cows, a rancher and his wife. The ranchers and wives being over run and killed by the 11 million need no troops.



Fri, 04/11/2014 - 11:58 | 4647752 StacksOnStacks
StacksOnStacks's picture

This is all about fracking!  TPTB need that yummy energy and are paying whoever they need to to get the BLM to confiscate land for "endangered species" reasons (even though they are cutting funding and killing the Toroises: http://www.kingsnake.com/blog/archives/1561-BLM-to-kill-hundreds-of-dese...) and sell it on the cheap from TPTB to TPTB.

Fri, 04/11/2014 - 12:02 | 4647768 luckylogger
luckylogger's picture

Guess one of the cows stepped on a sacred turtle................

If that is not a good enough reason to call in the military and their MRAP's then what is??

And we make fun of Indians worshiping cows when we worship rats and bugs and an occational turtle here.........oh and suckers.

Fri, 04/11/2014 - 12:07 | 4647784 luckylogger
luckylogger's picture

I thought you were talking about the showdown in Nevada between a rancher and about 100 swat team people over a cow stepping on a turtle until I read the article.

Anyhow in Nevada right now is a stand off with a rancher that the feds are trying to turn into another Ruby Ridge...

Insanity at is best.

Fri, 04/11/2014 - 11:31 | 4647630 bagehot99
bagehot99's picture

In what respect are you harmed by cows grazing on land you have never even visited? 

And who, pray, do you believe should be 'supervising' you? 

Fri, 04/11/2014 - 11:34 | 4647652 Dr. Richard Head
Dr. Richard Head's picture

You hit the nail on the head in response to him.  Also, the collectivist idea that Federal Land is OUR land is a misnomer.  We don't communally own anything that the Fed owns, they own us.

Fri, 04/11/2014 - 12:00 | 4647749 Zadok
Zadok's picture

Once you accept the collectivist idea, the entire framework of private property is finished.

In short, dear fedgov (represented by a piece if paper, not flesh and blood human), come face me in court so I can face my accuser. It can't, therefore it does not exist consistent with private property.

Show me who was damaged by injury or property that is owned by a flesh and blood individual.

A victimless crime is no crime.

The concept is called LIBERTY! There are lots of principals worth risking loss of life for. This one is nearly at the foundation of them all!

This is always ON TOPIC!

Fri, 04/11/2014 - 13:06 | 4647990 Lord Koos
Lord Koos's picture

Fine, but it wasn't his land...

Fri, 04/11/2014 - 15:33 | 4648671 Zadok
Zadok's picture

Addressed in Article 1, Section 8, Clause 17.

8.17 To exercise exclusive legislation in all cases whatsoever, over such District (not exceeding ten miles square) as may, by cession of particular states, and the acceptance of Congress, become the seat of the government of the United States, and to exercise like authority over all places purchased by the consent of the legislature of the state in which the same shall be, for the erection of forts, magazines, arsenals, dockyards, and other needful buildings;--And

Note 'consent' and purposes.



No jurisdiction, no authority, tresspassers guilty of destruction of property and violent assault.

Fri, 04/11/2014 - 13:04 | 4647981 Stuck on Zero
Stuck on Zero's picture

Aren't those Indian sacred lands? 


Fri, 04/11/2014 - 11:35 | 4647645 Dr. Richard Head
Dr. Richard Head's picture

I downvoted your OT remark for a few reasons.  One, it's off topic.  Two, the grazers were there before the BLM even came to be.  I guess the idea of homesteading is only allowed when the Feds say it is.  Three, the m.o. for killing and stealing Bundy's property has nothing to do with the turtles, but because the US government wants to frack there.

At the end of the day, no one will ever get away from the USG's oil and petrodollar without violence, theft, and deceit.  Carry on central government lover. Carry on.

Fri, 04/11/2014 - 11:53 | 4647722 Dr. Engali
Dr. Engali's picture

The amazing thing to me is how many stupid people really believe this is about a turtle. It's funny how all the areas where the feds are "protecting" an animal or a bug are rich in natural resources.

Fri, 04/11/2014 - 11:57 | 4647748 Dr. Richard Head
Dr. Richard Head's picture

Agreed.  Whatever excuse any agency, politician, or government body professes to be the reason for their violence is ALWAYS a lie.  The actions will always be realted to power over the people and resources, control over the people and resources, and theft in general. 

The Federal Reserve had to save the economy?  Bullshit, they had to save their cronies.

The US Military had to promote democracy in Iraq?  Bullshit, they had to save their petro dollar.

The list can go on forever.  I wish the fucking revolution would start by everyone withdrawing their consent already. 

Fri, 04/11/2014 - 12:00 | 4647759 Dr. Engali
Dr. Engali's picture

" I wish the fucking revolution would start by everyone withdrawing their consent already."


Sadly I think that will be a very long wait. It seems Americans will eat any shit sandwich fed to them. 

Fri, 04/11/2014 - 11:55 | 4647737 Poundsand
Poundsand's picture

The fact that the family has been grazing cattle there for over a hundred years, and that the turtle is still found there and is endangered apparently everywhere else strikes at the heart of the Fed's argument that they rancher is causing damage.  But the overreach is everywhere...

1. Oregon farmer is going to jail because he built a pond on his property. 

2. Michigan farmer going to jail for raising hogs with the wrong tails.  Seriously, their tails don't meet goverment standards and are deemed feral by default.

3. Wisconsin farmer going to jail for selling the same cheese he always has because he doesn't go through the state licensed agency.  Seriously, his own industry a non-government agency was given control of his industry and tells him his cheese is bad.  Can't even have it tested to see if it's not except at their testing facility.  Guess what they, and only they found?

This list goes on and on....

Coming to your industry soon.

Fri, 04/11/2014 - 13:07 | 4647996 Lord Koos
Lord Koos's picture

The only thing those farmers did wrong was that their operations were too small.

Fri, 04/11/2014 - 14:43 | 4648422 hobopants
hobopants's picture

Government hates self Reliance and you don't get much more self reliant than small scale farmers. Some of my favorite people.

Fri, 04/11/2014 - 15:54 | 4648763 Mesquite
Mesquite's picture

Agenda 21....Lots more sh*t to come...

Fri, 04/11/2014 - 11:37 | 4647665 fxrxexexdxoxmx
fxrxexexdxoxmx's picture

Your use of shit kickers clearly shows your commitment to a fair and reasonable evaluation of the issue. 

Fri, 04/11/2014 - 11:47 | 4647707 WillyGroper
WillyGroper's picture

Sorry, but DICK Nixon sold your federal lands.

Fri, 04/11/2014 - 12:04 | 4647772 Zadok
Zadok's picture

An illegal sale is to none effect. It is invalid, it only remains for you to physically back it up. This is an opportunity, when the new owners show up, you can let them know they have been had and if they don't like it, then come and take it if you can!

Fri, 04/11/2014 - 12:22 | 4647827 alangreedspank
alangreedspank's picture

Federal land is also my land

It's not. They like the idea of you thinking so, but really, they don't count you in the club at all. To the Feds or any state entity for that matter, you are just a tool to be used, abused and throw away after use. Telling you you are part of the club is like mental qualitative easing, but that's all it is.

Fri, 04/11/2014 - 11:36 | 4647660 moneybots
moneybots's picture

"just a heads up, the correction has been in the momo section."


Bernanke would say it is confined to momo.

Fri, 04/11/2014 - 11:18 | 4647562 LawsofPhysics
LawsofPhysics's picture

yes, keep "correcting"...


But I digress, even this chart is "priced" in dollars...


Sorry, in order to truly price somthing's value, you have to allow for true price discovery...

we haven't allowed that in the world for quite some time.

Fri, 04/11/2014 - 11:26 | 4647607 Taint Boil
Fri, 04/11/2014 - 12:12 | 4647799 Spitzer
Spitzer's picture

Thanks for the update ,priced in gold guy.

Fri, 04/11/2014 - 11:19 | 4647565 tarsubil
tarsubil's picture

Looking at the last 30 years, the last 3 look like a straight rocket up. It looks like the KA before the BOOM to  me.

Fri, 04/11/2014 - 11:20 | 4647572 101 years and c...
101 years and counting's picture

i saw a 5-7% correction is here.  the world is ending.  the horror, the horror!!!

Fri, 04/11/2014 - 11:20 | 4647577 ebworthen
ebworthen's picture

Steam pressure in a boiler, not a stack of wood.

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