This page has been archived and commenting is disabled.

Spot The "Unrigged" Difference

Tyler Durden's picture




 

One of these markets has been confirmed as "not rigged" by the SEC... the others - have all been proved to be manipulated by various bankers over time... who's right?

 

 

VIX is back under 13 and oil prices are rolling over too...

 

Bonds and JPY at LoD, S&P at HoD - sure why not!

 

Charts: Bloomberg

 

- advertisements -

Comment viewing options

Select your preferred way to display the comments and click "Save settings" to activate your changes.
Thu, 05/08/2014 - 12:05 | 4740036 Obama_4_Dictator
Obama_4_Dictator's picture

FUCK THE FED. 

Thu, 05/08/2014 - 12:10 | 4740053 SHEEPFUKKER
SHEEPFUKKER's picture

Are you implying that you want to have sex with grandma Yellen? Good luck to you my friend. 

Thu, 05/08/2014 - 12:35 | 4740124 Cthonic
Cthonic's picture

Baaah means no!

Thu, 05/08/2014 - 12:34 | 4740121 Stoploss
Stoploss's picture

Sadly, for bond bears/curve bulls, this is not the market you're looking for...

Thu, 05/08/2014 - 12:53 | 4740189 Jonas Parker
Jonas Parker's picture

I wouldn't fuck Janet Yellen with Adolf Hitler's dick! Neither would Adolf Hitler!

Thu, 05/08/2014 - 12:06 | 4740039 Bay of Pigs
Bay of Pigs's picture

The VIX is a worthless gauge anymore. Just like the rest of the abused and phony numbers.

Thu, 05/08/2014 - 12:11 | 4740056 asteroids
asteroids's picture

It used to measure how fearful the muppets where as they were being slayed. Now that most muppets are dead and aren't in the market it doesn't measure much.

Thu, 05/08/2014 - 12:34 | 4740117 Cthonic
Cthonic's picture

The character of the VIX index changed back when the CBOE began offering futures and options based on it.

Thu, 05/08/2014 - 12:43 | 4740158 Eyeroller
Eyeroller's picture

The muppets are not dead, but rather are on a FED crack high.  They feel invincible.

Thu, 05/08/2014 - 12:24 | 4740089 DavidC
DavidC's picture

It's another paper market that can be driven around by anyone with the clout to push the market, just like the COMEX Gold contracts (cash settled, not physical settled).

Utterly worthless.

DavidC

Thu, 05/08/2014 - 12:25 | 4740093 slotmouth
slotmouth's picture

The VIX isn't broken, people just confuse low volatility with lack of risk.

Thu, 05/08/2014 - 12:52 | 4740180 Bay of Pigs
Bay of Pigs's picture

Really? What "people" are you referring to? You think there is still a short side to this market?

They have been dead and buried for years now.

Thu, 05/08/2014 - 12:32 | 4740109 Winston Churchill
Winston Churchill's picture

I think they have moved on to directly manipulating the
indices now.
Which probably means they have lost control of the underlying components. If they have, they are going to get caught out, and soon.
Anybody here still staying in this "market' deserves a medal of honor,posthumous of course.

Thu, 05/08/2014 - 12:34 | 4740119 HardAssets
HardAssets's picture

Just don't ask me how much its cost in 'tuition' to learn that lesson.

If the ICBMs were flying, that damned thing would make new lows.

Thu, 05/08/2014 - 12:10 | 4740041 Kreditanstalt
Kreditanstalt's picture

Would SOMEONE tell us what's happening?  Nothing makes sense anymore.  Fundamentals have meant NOTHING for years now.  Correlations are still at all-time irrational highs.  Junk is still soaring.  "The recovery" is universally believed (by those still with jobs...) and every market, price, index, wage, and "value" is rigged and manipulated by governments or their proxies...

All I can surmise is that mom'n'pop retail is surging into the BTFATH markets...

Thu, 05/08/2014 - 12:12 | 4740061 NOTaREALmerican
NOTaREALmerican's picture

If you understand the first law of bullshit, you'll understand:

X (anything) + bullshit ->  x ** bullshit

Morals + bullshit = religion
Government + bullshit = politics
Fundamentals + bullshit = stocks
Paint drops + bullshit = Spatter art

The human brains is designed to create, believe, and repeat bullshit.    That's all you need to know to "understand". 

Thu, 05/08/2014 - 12:27 | 4740098 SilverDOG
SilverDOG's picture


NOTaREALmerican

 

 

Dollar + bullshit = Belief 

 Silver + bullshit = SLV

Time + bullshit = Stupidity

 Bullshit + bullshit = BigMac

 

This is fun ! 

Thu, 05/08/2014 - 12:32 | 4740111 The Count
The Count's picture

Ahhhh, I love the smell of bullshit in the morning.

Thu, 05/08/2014 - 12:40 | 4740144 HardAssets
HardAssets's picture

Well, the only bullshit worth a damn is associated with beef on the hoof.

Thankfully, I'm at a location where I can go out and look at the good stuff as a small, temporary escape from the constant stream of the bad variety.

Thu, 05/08/2014 - 12:09 | 4740045 hugovanderbubble
hugovanderbubble's picture

VIX is option SP Based....

 

meanwhile nobody press and rotate equities to bonds, metals and other assets...Equities are in the freaking limbo...

Thu, 05/08/2014 - 12:09 | 4740048 Winston of Oceania
Winston of Oceania's picture

Ouch that's going to fucking hurt (sigh)...

Thu, 05/08/2014 - 12:10 | 4740052 SheepDog-One
SheepDog-One's picture

'Not rigged'....but totally manipulated.

Just word games.

Thu, 05/08/2014 - 12:12 | 4740057 maskone909
maskone909's picture

i cant figure out which one is not rigged

is this a philisophical question?

like, "to find which is rigged, thout must look within"

Thu, 05/08/2014 - 12:47 | 4740170 HardAssets
HardAssets's picture

" i cant figure out which one is not rigged "

 

Maybe a kid's lemonade stand ?

Thu, 05/08/2014 - 12:13 | 4740060 Clowns on Acid
Clowns on Acid's picture

Only war will unrigg this equity market. Just remember who the riggers were. 

Thu, 05/08/2014 - 13:19 | 4740292 atomp
atomp's picture

"People who annoy you."  Riggers!!

Thu, 05/08/2014 - 12:16 | 4740063 Squid Viscous
Squid Viscous's picture

it's a blue chip kind of market, need to hide out in the Dow/S&P 100 until the "all clear" then they will pile back into the momos... because "there's always a bull market somewhere and I'm here to help you find it" - asshat Cramer, with no mea culpa for his bullishness in Whole Foods, PCLN, AMZN, Facefuck, etc, etc.

Thu, 05/08/2014 - 12:14 | 4740066 NDXTrader
NDXTrader's picture

Really Draghi might be the best central banker of all time (not necessarily a compliment). He seems to be the only one that figured out that you never actually have to do anything - just talk about it. Has anyone ever gotten so much out of jawboning?

Thu, 05/08/2014 - 13:50 | 4740401 thamnosma
thamnosma's picture

Thanks for the laugh.  Good observation.

Thu, 05/08/2014 - 12:15 | 4740068 Rainman
Rainman's picture

Thoroughly busted markets can't wait to load you up on HY junk bonds at < 2% ....bestest garbage a tsunami of fiat can buy !

Thu, 05/08/2014 - 12:15 | 4740069 pods
pods's picture

War is on deck, check.

Economy swirling the bowl, check.

S&P up up and away, check.

This is like a bad B movie where the hero seems to dodge bullet after bullet and pinky chop his way to greatness.

I am at about 30% sure that we are all just batteries in some machine's powerplant.

pods

Thu, 05/08/2014 - 12:40 | 4740143 crusty curmudgeon
crusty curmudgeon's picture

Funny thing...I have a recurring dream we are all in pods and you are next to mine. 

I'm getting tired of this dream...next time, I'm going to kick the glass and get out. 

Thu, 05/08/2014 - 12:58 | 4740213 pods
pods's picture

lol.  My avatar (and nickname) actually came from Tin Cup and not a matrix pod people type flick.  Sucks cause it is just as fitting that way!

"You got the shot, pods."             

"Romeo, shut up."              

"Just turn it over and start it off low and go it right to left..."

I guess that dream is better than watching a snail crawl along the edge of a straight razor?  Give it time though, you can get to that point.

pods

Thu, 05/08/2014 - 13:21 | 4740298 crusty curmudgeon
crusty curmudgeon's picture

I've wondered about your nickname for years.  Thanks.

Thu, 05/08/2014 - 12:22 | 4740085 youngman
youngman's picture

I wonder who is buying all the bonds....this market seems to be splitting into two parts...those that believe and those that do not

Thu, 05/08/2014 - 12:30 | 4740106 NDXTrader
NDXTrader's picture

Don't worry tonight at 4 and then 5 the Fast Money crew and Jim Cramer will explain it. I'll get back to you to let you know

Thu, 05/08/2014 - 12:22 | 4740087 Bill of Rights
Bill of Rights's picture

Yellen Says Yields Unlikely to Rise Without Strong Recovery - Businessweek

The time to short treasury is getting closer by the day. Every time Ben touted rates unlikely to rise they shot upwards.

Treasury Yields at Almost 2 1/2-Year High as Bernanke Sees Gains - Bloomberg

The key safe word here being UNLIKELY

You can't keep claiming economic recovery without something giving one way or the other...

Thu, 05/08/2014 - 12:27 | 4740100 praps
praps's picture

If the government was going to confiscate cash from the wealthy, what would the wealthy do in anticipation of this?


1)  Convert cash into assets - bonds, equities, real estate.  Outcome - the dollar weakens. Check.


2)  With respect to buying bonds, buy only long dated.  Sell the short end, or when they mature they may be caught up in the confiscation.  Outcome - yield curve flattens.  Check.


3)  With respect to buying equities, buy only big cap, low PE stocks.   Once the wealth confiscation comes into affect there would be far less money around and high growth stocks would get hammered.  Outcome - Dow rises - Nasdaq and R2K falls.  Check


4) Pile cash into real estate.  Outcome - Number of cash buys increases.  Check.

Conclusion - the wealthy are anticipating a confiscation of cash and are acting accordingly.

Thu, 05/08/2014 - 13:13 | 4740268 Quinvarius
Quinvarius's picture

The government confiscates land, businesses, and invalidates debt.  Collectivists are all the same.  They don't want the toilet paper they print back.  It isn't real money.

Thu, 05/08/2014 - 12:41 | 4740151 CHX
CHX's picture

<<< It's ALL manipulated

<<< Fair and free markets

 

 

Thu, 05/08/2014 - 13:03 | 4740233 Caracalla
Caracalla's picture

According to this analyst on Seeking Alpha, stocks will never go down again!  He makes it sound like investing in "dividend aristocrats" is a sure-fire way to make money.

http://seekingalpha.com/article/2202443-why-this-market-is-not-going-down-any-more 

 

Thu, 05/08/2014 - 13:12 | 4740264 NDXTrader
NDXTrader's picture

He should have copy and pasted articles from 2000 and 2007 - it would have saved him a lot of time

Thu, 05/08/2014 - 13:17 | 4740280 NDXTrader
NDXTrader's picture

But to be serious for a moment, one of his big assumptions is entirely wrong. Central banks are pulling back on stimulation. US is tapering, they supposedly told Japan to not increase their QE anymore, and Europe is all talk. If you grant me the liberty of saying the market is a discounting mechanism then 6 months from now there should be much less stimulus in the world based on what we know now

Thu, 05/08/2014 - 15:07 | 4740747 Armed Resistance
Armed Resistance's picture

The US is tapering.  Just ask Belgium!

Thu, 05/08/2014 - 13:18 | 4740288 Haager
Haager's picture

I see a smelly top coming... Enter the market b4 it drops, then leave at lows b4 markets are reaching a new ATH, then re-enter...

Owning stocks for dividend works, as long as you?e patient and willing to keep it year over year - and if you don't buy at ATH...

Thu, 05/08/2014 - 13:06 | 4740243 Quinvarius
Quinvarius's picture

Stocks are allowed to respond to hyperinflation.  Everything else is in a pressure cooker that is about to blow.  They can't control it.  No one can.  It is just a matter of time until it blows.  Each day they take out more margin or lose/use more cash building up a defensive position just makes the endgame that much more violent.

Thu, 05/08/2014 - 13:10 | 4740257 Kreditanstalt
Kreditanstalt's picture

 U.S. S&P is in absolute lala-land this morning...completely out-to-lunch vis-a-vis all other markets...

Thu, 05/08/2014 - 13:36 | 4740354 Conax
Conax's picture

Mr Yellin has the floor.

Pay no attention to anything else, please.

Do NOT follow this link or you will be banned from the site!