This page has been archived and commenting is disabled.
"Turmoil" indeed...
Chart: Bloomberg
- advertisements -
Contact Information:
Tips: tips [ at ] zerohedge.com
General: info [ at ] zerohedge.com
Legal: legal [ at ] zerohedge.com
Advertising: ads [ at ] zerohedge.com
Abuse/Complaints: abuse [ at ] zerohedge.com
Suggested Reading:
Make sure to read our "How To [Read/Tip Off] Zero Hedge Without Attracting The Interest Of [Human Resources/The Treasury/Black Helicopters]" Guide
It would be very wise of you to study our disclaimer, our privacy policy and our (non)policy on conflicts / full disclosure. Here's our Cookie Policy.
don't fight the fed... and keep buying phyz
The world will end....
tomorrow.
Correction. ..shemechtion
The bigger they are........Yin Yang, all things in moderation.............
Awww Fuck it!
BTFN(near)ATH!
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.
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.
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)
Correction? Some erections don't look as good.
"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.
"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.
To tha MOON!
Back to the Earth!
See you bears at ES 1929 next week. Big news from central banks this weekend.
ECB QE?
<---Buy
<---Sell
The dip
When you buy phys you are fighting the fed.
Oh..the humanity of it all.....the humanity....make it stop
We've got a long ways to go to get back to reality
just a heads up, the correction has been in the momo section.
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.
hey fair enough. I should have phrased that differently, my bad.
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.
http://dailynightly.nbcnews.com/_news/2012/12/26/16047580-faced-with-gun...
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.
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.
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.
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?
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.
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!
Fine, but it wasn't his land...
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.
Further...
http://www.infowars.com/blm-action-in-nevada-is-unconstitutional-heres-why/
No jurisdiction, no authority, tresspassers guilty of destruction of property and violent assault.
Aren't those Indian sacred lands?
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.
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.
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.
" 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.
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.
The only thing those farmers did wrong was that their operations were too small.
Government hates self Reliance and you don't get much more self reliant than small scale farmers. Some of my favorite people.
Agenda 21....Lots more sh*t to come...
Your use of shit kickers clearly shows your commitment to a fair and reasonable evaluation of the issue.
Sorry, but DICK Nixon sold your federal lands.
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!
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.
"just a heads up, the correction has been in the momo section."
Bernanke would say it is confined to momo.
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.
S&P Priced In Gold
Thanks for the update ,priced in gold guy.
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.
i saw a 5-7% correction is here. the world is ending. the horror, the horror!!!
Steam pressure in a boiler, not a stack of wood.
The sheep will always be led.
People who say things like this are usually just sheep being led by a different shepherd.
The line can easily go down double digit percentages and STILL be in the uptrend. Look at the takoff of QE3 and how far above trend it pushed.
Hard to argue with that chart....I tried..but I lost a lot of money doing it...it does not make sense to me...but I am old econ 101..who knew 85 billion a month would do all of this...
Well, those who didn't believe it was "only" $85 billion a month, but a much larger no limit amount.
And there was the Trillion dollar TARP. and god knows what else Bernanke keyed into their account from his IPAD.
The fears FED fears only one word, and you'll never hear it on CNBC. That word is "Audit".
Agree. Been trying to successfully put on shorts for the last year.
Only difference now is the 'front guard' has quit or retired on the FED and healthcare. Will the rear guard be as aggressive, avid, and faithful ? Will the props and facades buit by fiat fall in the gentle wind of truth ?
What if there is no crash.. For the most part the trend line is UP. I missed one of the greatest increase in equity prices I have ever seen cuz I was always waiting for tomorrows crash.
when bears dont short because they expect this "correction" to quickly reverse is when it doesnt reverse. the "market" is nothing more than a psychological game.
And if the BTFD meme of late is any indication, we are there right now.
fzrkid: You feel bad now but great rotations always come. Keep stacking and waiting. Your turn will come.
That nice man on my teevee Mr. Cramer said to buy Amazon and Priceline last month, what should i do now, they're gonna evict me from the trailer park soon
Park your trailer in Cramers parking spot at MSNBC.
Soon you will be able to buy Amazon through Priceline, at a hefty discount outside of peak travel season.
If the Fed says 'taper' then no one even flinches because it is all part of the plan, but if the S&P drops 50 points then - suddenly - everyone loses their minds!
The last condition before any crash is complacency and acceptance.
It is just human nature and a fact not my opinion, which is why humans have a tendency to buy at or near the top.
Now is this the top or the middle?
QE and SPY. This should help clarify. https://www.tradingview.com/v/Qz1mL1qj/
Masochists... Masochists everywhere...
So anything less than 50% means you're still up if you bought at the bottom ?
This is the last real correction...note how long it lasted:
https://www.dropbox.com/s/yngpbfrwh1j5gte/Correction2014.jpg
That's what I need...these 3x bear ETFs need a slow decline to work their magic.
If you consider either the bond market implodes or the stock market does which do you think the Fed would rather say let go down? I think it's rather obvious the stock market will be the one to let the proverbial air out of. Assuming of course you don't keep both up by printing the dollar to worthless paper. If the Fed decided the reserve currency is important they will now stop printing by yeas end. The stock market being a 6 month forward indicator is telling you this printing cycle is over.
"6 month forward indicator"---what a joke!
Can someone please explain why traders are buying the euro after that brutal takedown in European equity markets and lousy macro news? I realize the Fed. won't be raising rates anytime soon and that's dollar negative, but winding down asset purchases should offset that.
There's something odd going on here. The macro U.S. news was positive this morning and the dxy barely budged. There's massive flows of dollars flowing into Europe and I'm wondering if it's bond related (selling) to keep yields above the %2.60 area.
Funny how you point this out, but at the same time you dramatize every little pullback.
yes, i'm surprised by this article also. Usually the sky is falling around here. But I still love ZH.
Gotta a long way to go til we hit "turmoil" (breaking the 200DMA)
We can't afford a correction. That is the perspective. Even the 89% 1929-32 crash began as a small correction.
https://www.youtube.com/watch?v=wrq9TWw6sQE
Retailer Coldwater Creek Going Out of Business
http://www.ibj.com/retailer-coldwater-creek-going-out-of-business/PARAMS...
362 stores to close in Chapter 11.
Tough recovery? What recovery?
http://www.youtube.com/watch?v=5akEgsZSfhg
The FED can print, buy stocks and manipulate commodities lower until such time that the US citizens are in worse shape than Greece's citizens. And, then it can sell off FEDeral assets.
BTFD
Would you like to ride in my beautiful balloon?
Would you like to glide in my beautiful balloon?
We could flow among the stars, together you and I
For we can fly, up, up and away
(For we can fly)
In my beautiful, my beautiful balloon
The world's a nicer place in my beautiful balloon
It wears a nicer face in my beautiful balloon
We can sing a song and sail along the silver sky
For we can fly, up, up and away
(For we can fly)
In my beautiful, my beautiful balloon
Suspended under the twilight canopy
We'll search the sky for a star to guide us
If by some chance you find yourself loving me
We'll find a cloud to hide us, keep the moon beside us
Love is waiting there, in my beautiful balloon
Way up in the air, in my beautiful balloon
If you'll hold my hand, we'll chase your dream across the sky
For we can fly, up, up and away
(For we can fly)
In my beautiful, my beautiful balloon, balloon
Up, up and away
Up, up and away
Up, up and away
Must be some SHALE under thoses cow turds
A tanking stock market with April 15th right around the corner? Nah, the two can't be related -- if they were, CNBC would tell me!
I would love to see this thing drop 10,000 points in a day. Would be awesome.
BDI vs. SP500 (log) looks really funny: http://investmenttools.com/images/wfut/crb/bdi_sp_log.gif
Not that they have any correlation.