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Today's WTF "All Clear" Indicator To Buy Everything

Tyler Durden's picture


Does this look in any way normal to anyone?



Certainly seemed like someone is was in a hurry to dump VIX futures contracts at the open... (and that rippled down to the spot VIX)


And as Salient Partners' Epsilon Theory notes,

1M implied volatility on the VIX fell to an all-time low last week. Generally speaking, this means that options on short-term market volatility increasing have never been cheaper.


How is this possible, you ask, with outright war simmering in Eastern Ukraine and China flexing its muscles in the South China Sea? Because Mario Draghi is "signaling" that he's going to launch a European version of QE. Because the Narrative of Central Bank Omnipotence has never been stronger, and for markets this is the only thing that matters. Because we continue to live in the new Goldilocks environment, where mediocre growth is not so weak as to plunge us into recession but not so strong as to take central banks out of play. If the news gets a lot better the market will go down, and if the news gets a lot worse the market will go down.  


But what I call the Entropic Ending, a market-positive gray slog where global growth is more-or-less permanently crippled by the very monetary policies that prevent global growth from collapsing, can go on for a looooooong time.

and how to tell when this starts to change...

How can you know if this Narrative starts to waver or shift? If and when gold starts to work.


This is what gold means in the modern age... not a store of value or some sort of protection against geopolitical instability... but an insurance policy against massive central bank error and loss of control.

And gold and silver started to work today.


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Mon, 05/12/2014 - 16:13 | 4752091 Say What Again
Say What Again's picture


Mon, 05/12/2014 - 16:15 | 4752098 fonzannoon
fonzannoon's picture

I'd say silver "starts to work" above $25. These moves look like like the rest of the market. Choppy. 

Earnings season is winding down and it's nice out. Those two factors should be good enough for 2,0000 S&P.

Mon, 05/12/2014 - 16:17 | 4752105 Tsar Pointless
Tsar Pointless's picture

You put the comma in the wrong place, fonz. It should be after the first zero, not before it. S&P 20,000 sounds about right to me.

Mon, 05/12/2014 - 16:21 | 4752124 Say What Again
Say What Again's picture

Imagine this. You went into the hospital for surgery. They finished the first surgery, and you're in recovery for a few days to weeks. You don't feel very well, and the doctors learn that you have another tumor that needs to be removed, so the doctors decide to do another surgery that will save your life. You're happy that they found the problem, and you're glad that you're going to live. But most people will NOT celebrate this news.

Drag-e decides he needs to do more intervention to keep the patient alive -- and the market celebrates by driving the SP500 to new highs!?!?!?

This makes perfect sense to me!

Mon, 05/12/2014 - 16:28 | 4752147 BTFDemocracy
BTFDemocracy's picture

The bitcoin charts look much more logical, and that's a real free market with anything-goes "non regulation" (includes manipulation by whales).

Mon, 05/12/2014 - 16:32 | 4752162 Headbanger
Headbanger's picture

Fuck Bitshit.

Mon, 05/12/2014 - 16:43 | 4752204 fonestar
fonestar's picture

No, fuck you moron.  Bitcoin is putting in a floor in the low $400's and if the pattern holds we will soon be rallying again.

Mon, 05/12/2014 - 16:51 | 4752238 Stoploss
Stoploss's picture

But. but you said the floor was 500 last time.

Which is it? 400? 500?

Will 300 also be a new floor???

It would appear that there is a stair step of sorts.

It is going down..

Fortunately, fonefuck knows all about that, eh?

Mon, 05/12/2014 - 16:54 | 4752248 fonestar
fonestar's picture

Who fucking cares whether the final floor is at $358 or $440 dipshit?  Is fonestar going to care when your precious gov-bitch "dollar" is 1/1,000,000 of a BTC?

Mon, 05/12/2014 - 17:29 | 4752367 Keyser
Keyser's picture

In case some have forgotten...


Mon, 05/12/2014 - 17:49 | 4752431 fonestar
fonestar's picture

Yeah, that video was released eleven months ago.  What was the price of Bitcoin then?  Maybe you should have listened to the video and bought the fucking Bitcoin dip?

Mon, 05/12/2014 - 17:59 | 4752462 dryam
dryam's picture

fonestar...."Give me attention.  Please give me attention!!  I have nothing to contribute, but I like cluttering up these threads as much as I can.  That's my job, and this is what i get paid to do."



Mon, 05/12/2014 - 18:00 | 4752469 fonestar
fonestar's picture

Who would pay fonestar for this?  This is a service sector economy and fonestar is providing a service for free.

Mon, 05/12/2014 - 18:38 | 4752560 Keyser
Keyser's picture

Why do you continue to flog a dead horse on ZH? No one here gives a shit you know...




Mon, 05/12/2014 - 18:44 | 4752577 fonestar
fonestar's picture

It's not fonestar's fault that Zerohedgers are too stupid to see Bitcoin IS the game changer.

Mon, 05/12/2014 - 22:28 | 4753268 Mistress Raindrop
Mistress Raindrop's picture

I see the DOW topping out at 36,000.  Now put that in the bank, bitches.

Mon, 05/12/2014 - 18:01 | 4752470 fonestar
fonestar's picture

Who would pay fonestar?

Mon, 05/12/2014 - 18:04 | 4752479 silverserfer
silverserfer's picture

yes , now that ZH sold out we have fonestar instead of francis sawyer. no free speach in fight club anymore. Who owns ABC Media anyways?

Mon, 05/12/2014 - 18:04 | 4752481 fonestar
fonestar's picture

Who would want Francis Sawyer when you could have fonestar?

Mon, 05/12/2014 - 18:00 | 4752466 silverserfer
silverserfer's picture

fone it would be more fitting if you would refer to bitcoin as "my master" from now on.

Mon, 05/12/2014 - 18:08 | 4752491 fonestar
fonestar's picture

You want government silver money?  You want government "gold backed" money?  You want government paper money?

The point is you want government involved with your money, so eat shit and die in vain.

Tue, 05/13/2014 - 04:29 | 4753830 The Merovingian
The Merovingian's picture

No, I simply want physical Gold and Silver (and lot's of it).  You can keep 'your' money.  Obumbler said so.

Mon, 05/12/2014 - 18:05 | 4752467 silverserfer
silverserfer's picture

fone it would be more fitting if you would refer to bitcoin as "my master" from now on. Bitch. 

Mon, 05/12/2014 - 16:46 | 4752211 fonestar
fonestar's picture

Yes, especially buy more Bitcoin.  Buy Bitcoin at any "dollar" level.  If your head gets cut off, buy more Bitcoin.

Oh, but most people here could not download an executable, double click on it and sign up at btc-e or localbitcoins.  So scratch that...

Mon, 05/12/2014 - 23:01 | 4753352 septicshock
septicshock's picture

Looks like you made a poor investment decision in bitcoin and are angrily defending it. Sorry. Cut your loses.
Think for a moment, will any government/banker allow a currency they don't control to run amuck? Go through your stages of grief faster and cut your loses sooner rather than later...
Good luck

Tue, 05/13/2014 - 00:08 | 4753579 fonestar
fonestar's picture

fonestar has been in Bitcoin since $16 fool.  fonestar has only spent a few of them over the past years.  fonestar will still be extremely angry at $1,000,000 BTC.

Mon, 05/12/2014 - 16:47 | 4752218 fonestar
fonestar's picture


Mon, 05/12/2014 - 16:49 | 4752230 Gypsyducks
Gypsyducks's picture

One trick pony

Mon, 05/12/2014 - 16:55 | 4752256 fonestar
fonestar's picture

Insert one satoshi to ride the wild horse.


Mon, 05/12/2014 - 18:38 | 4752563 NickVegas
NickVegas's picture

Based on your block chain spending patterns, it looks like you are a coke head. These regular increasing withdrawls look like eight balls you are purchasing at an increasing rate that matches cocaine addition. What say you Fone, are you addict? Your spending pattern is an exact match for someone deep in depths of an addiction. It honestly looks like a cry for help.

Mon, 05/12/2014 - 18:48 | 4752593 fonestar
fonestar's picture

Why does it matter what drug(s) fonestar and his PAL are on?  fonestar has provided the smart, thinking part.  All you need to do now is:


Mon, 05/12/2014 - 21:14 | 4753048 hobopants
hobopants's picture

Awwww man and we were doing so well with stuff staying mostly on topic. This thread done got bitcoined...

Mon, 05/12/2014 - 21:55 | 4753160 Bárðarbunga
Bárðarbunga's picture

At today's prices, it seems fonestar has burned through almost $11,000. I'm sure that when bitcoin was only $4.00 or $5.00 per, it would have been different. Probably not a coke habit, but maybe weed. I sure as hell could have found other uses for this funny money.

Take the purchase of silver ingots in either 1 or 10oz varieties. Eleven grand would be a nice addition to your stack. I'm trying to see what small transactions; sometimes over 8 a day could be used for. Maybe weed.

You know, I think there are people called "dealers" who accept cash payments for this. Just thinking out loud here.

Mon, 05/12/2014 - 23:19 | 4753414 NickVegas
NickVegas's picture

That's my point, you can trace when he needs to reup. $11K, I don't think it's weed. Maybe he is dealing weed, but only to carry his coke habit. Take a look at his spending, and draw your own conclusions.

Mon, 05/12/2014 - 18:35 | 4752557 LooseLee
LooseLee's picture

Yep. And only PINKO COMMIES, SOCIALISTS, and FASCISTS are buying (besides FOOLS, of course!...

Mon, 05/12/2014 - 16:26 | 4752126 nope-1004
nope-1004's picture

In a fascist oligarchy run by kleptocrats, that chart is totally normal.  As time goes on, it will numb people into thinking that the fascist state that they label a "democracy" experiences these types of anomalies.

100% rigged, manipulated, gamed, and controlled.  Nothing has been allowed to go bankrupt since 2008, yet intervention daily in these markets is warranted.  That's the sign of a healthy market.... lol.

It's such an obvious joke.  Fuck you Bernanke, you lying pos.


Mon, 05/12/2014 - 16:30 | 4752156 Headbanger
Headbanger's picture

Anything goes when nothing matters.  Until it does.

That's how we got the ass clown we have for "president" and the country run by a bunch of slime ball banksters.


Mon, 05/12/2014 - 16:43 | 4752203 max2205
max2205's picture

I'll take Yes for 400 Alex

Mon, 05/12/2014 - 17:58 | 4752461 new game
new game's picture

the thought crossed my mind that it is normal because it is going on 5 fucking years of this phoney bullshit.

now, if i could manipulate my little world to react as i wish...

maybe some serious bitch slapping to "get er done".

fut the wuck...

Mon, 05/12/2014 - 17:04 | 4752291 fonestar
fonestar's picture

blah blah blah

Mon, 05/12/2014 - 16:24 | 4752134 ilion
ilion's picture

At current stage it seems that the only best strategy is to buy any risk asset out there and get out only then once the SP500 has touched down on the dark side of the Moon. This market is completely ridiculous.

Gonna now go down to my cellar and smell my shiny gold... 

Mon, 05/12/2014 - 16:47 | 4752222 fonestar
fonestar's picture


Mon, 05/12/2014 - 16:20 | 4752121 knukles
knukles's picture

Well, Justin Timberlake said "I am America.", so can we assume that he works?
He might make Opie mad with that narcissism

Mon, 05/12/2014 - 16:48 | 4752225 fonestar
fonestar's picture


Mon, 05/12/2014 - 16:53 | 4752243 jmcadg
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Mon, 05/12/2014 - 17:03 | 4752287 fonestar
fonestar's picture


Mon, 05/12/2014 - 17:16 | 4752330 jmcadg
jmcadg's picture


Jeez, at least MDB was worth laughing at.

Mon, 05/12/2014 - 17:45 | 4752421 oklaboy
oklaboy's picture

somebody forgot to take their medications

Mon, 05/12/2014 - 17:51 | 4752439 fonestar
fonestar's picture


Mon, 05/12/2014 - 17:59 | 4752464 new game
new game's picture

i got some digital shit you can eat...

Mon, 05/12/2014 - 18:06 | 4752484 fonestar
fonestar's picture

Nobody wants your shit you digital "dollar" sucking whorebag.

Mon, 05/12/2014 - 17:16 | 4752329 Greenskeeper_Carl
Greenskeeper_Carl's picture

I hope not. I just dumped the S&P index fund from my IRA, sold out at 1895 today. Set that account up 10 years ago, and my dad had it to just track the S&P. watched it cut in half during the 08-09 period, not doing that again. Im withdrawing the prinicpal since i don't have to pay taxes on it, leaving the rest in there as cash since I really don't know what the hell to do with it. Maybe I will buy DUST, so that and my other brokerage account with gold miners in it can fight it out....

Mon, 05/12/2014 - 18:14 | 4752506 lakecity55
lakecity55's picture

Yeah, WTF? I have seen Ag and Au move lots more in 1 day (usually Down, haha).

Au @ 1400, Ag @25+ then you have something.

Mon, 05/12/2014 - 16:43 | 4752202 icanhasbailout
icanhasbailout's picture

looks 100% completely normal to me, not sure where you're having trouble here

Mon, 05/12/2014 - 17:39 | 4752401 Pure Evil
Pure Evil's picture

Yeah!......I thought we were in the New Normal.

What gives?

Were not going back to the old normal are we?

Mon, 05/12/2014 - 18:30 | 4752543 ZH Snob
ZH Snob's picture

it's kind of like trying in vain to get that feeling back on your 3rd day of a coke binge: it takes way more to get much less.

Tue, 05/13/2014 - 04:35 | 4753834 The Merovingian
The Merovingian's picture

Sounds like Fonestar ... queue the idiot in 3, 2, 1

Mon, 05/12/2014 - 23:06 | 4753366 septicshock
septicshock's picture

This makes sense. The market will move up until a few months after QE ends. Then, it will crash and allow for another round of QE. AT some point, likely one to two years into the next "recovery," gold will start working and the fallacy of fiat will be revealed. Should be likely in 2016, we see the next crash. 2018 - 2020, gold will become currency again.

I will sit and buy my physical slowly every quarter with my paper profits.


Mon, 05/12/2014 - 16:13 | 4752093 HedgeAccordingly
Mon, 05/12/2014 - 16:15 | 4752099 alien-IQ
alien-IQ's picture

It looks perfectly normal...for this market.

Mon, 05/12/2014 - 16:16 | 4752101 Two Theives and...
Two Theives and a Liar's picture

Gold always works...unlike fiat-based economies...

Mon, 05/12/2014 - 16:17 | 4752110 ptoemmes
ptoemmes's picture

No. But you (as in someone else) can swig down a liter of tequila, put on your Google Glass, and stick your head up your ass...then maybe.  

Mon, 05/12/2014 - 16:23 | 4752111 Sudden Debt
Sudden Debt's picture

perfectly normal

1. first they pump up stock prices with taxdollars
2. they destroy the economy for everybody to see. no. still 80% doesn't see anything yet, believe me.
3. They panick everybody into stocks. a bailin treath? Inflation treath? Direct account confiscation and turn te cash into stocks?
Or via pension funds?
4. they sell their cheaply bought stocks for megabucks
5. when they are out and everybody is in, willing or not, they crash the market.
6. They buy back on the cheap what didn't go bankrupt.

There's simply to much effort being but by politicians to get people to buy stocks for not to believe this option.

Mon, 05/12/2014 - 16:46 | 4752212 max2205
max2205's picture

That makes perfect sense. ...that's what I'd do

Mon, 05/12/2014 - 16:53 | 4752242 negative rates
negative rates's picture

me too.

Mon, 05/12/2014 - 18:16 | 4752515 lakecity55
lakecity55's picture

I am holding cash in the account & will buy when blood is in the street.

Mon, 05/12/2014 - 17:32 | 4752373 Bernoulli
Bernoulli's picture

Makes total sense.


Mon, 05/12/2014 - 17:42 | 4752411 Pure Evil
Pure Evil's picture

Well, it worked in 1987, and then again in 1999, and again in 2001, and once again in 2008.

So, why not again in 2014-15?

Mon, 05/12/2014 - 18:03 | 4752478 new game
new game's picture

so if it works, haha, get glued to ten devices and nerve the fuck out not knowing when to short, piss or shit-no fucking thanks...

Mon, 05/12/2014 - 16:17 | 4752112 hustler etiquette
hustler etiquette's picture

after being subjected daily to erectile dysfunction commercials for the past decade, that chart may not look normal but it feels normal Mrs. Robinson

Mon, 05/12/2014 - 16:18 | 4752114 monopoly
monopoly's picture

Nirvana. How can anything possibly be amiss. The new Paradigm. 

Mon, 05/12/2014 - 16:18 | 4752115 HaroldWang
HaroldWang's picture

Looks pretty much like every day in 2013

Mon, 05/12/2014 - 17:44 | 4752415 CrashisOptimistic
CrashisOptimistic's picture

There is a difference, or two.

1) QE is reducing

2) Oil is $100+

Mon, 05/12/2014 - 17:50 | 4752437 oklaboy
oklaboy's picture

and calling an industrial index, when 1/2 of the companies are not industrial?

Mon, 05/12/2014 - 16:20 | 4752122 101 years and c...
101 years and counting's picture

the only "thing" obama has going for him is stocks.  the peasants that still have retirement accounts >$10000 are happy.  so, the top 1% are happy because they get direct handouts from the Fed and then the next 19% are making some money because 401k is increasing.  everyone else:  is fucked.

Mon, 05/12/2014 - 16:22 | 4752125 Personality Disorder
Personality Disorder's picture

Another fat thumb.

Mon, 05/12/2014 - 16:23 | 4752133 Haole
Haole's picture

Define "normal".

Mon, 05/12/2014 - 17:48 | 4752429 Rainman
Rainman's picture

meeting lower and lower and lowest expectations ?

Mon, 05/12/2014 - 16:26 | 4752143 ebworthen
ebworthen's picture

Elizabeth Arden posts $40 million miss on expected break-even revenues and the stock is shut down.

Rackspace does better than expected and it is open to buy!

This is not a market.

Mon, 05/12/2014 - 16:31 | 4752155 GrinandBearit
GrinandBearit's picture

The "new normal" began March 2009.

Mon, 05/12/2014 - 17:09 | 4752304 fonestar
fonestar's picture

Yes, correct.  2009 is the birth of Bitcoin.

A whole new world.  A funky, crypto-feeling.

Mon, 05/12/2014 - 17:26 | 4752360 GrinandBearit
GrinandBearit's picture

Fuck you.

Mon, 05/12/2014 - 17:43 | 4752412 fonestar
fonestar's picture

No fuck you, you moron.

Tue, 05/13/2014 - 00:45 | 4753646 Bloody Muppet
Bloody Muppet's picture

Nice reply, how long did it take you to think up that beauty?

Mon, 05/12/2014 - 18:19 | 4752519 lakecity55
lakecity55's picture

Comrades! With Glorious Central Planning, the Politburo has decreed stocks will only go up!


Mon, 05/12/2014 - 16:32 | 4752160 Dr. Engali
Dr. Engali's picture

There hasn't been a damn thing that's looked normal about these markets since 2009.

Mon, 05/12/2014 - 16:50 | 4752234 napper
napper's picture

In fact there hasn't been a damn thing normal about US markets since 1929.


The Money Trust had its secret meeting on Jekyll Island in 1910. Three years later it had acquired control over US markets and economy with the founding of the Federal Reserve. Troubles had began to emerge starting 1919.

Mon, 05/12/2014 - 16:32 | 4752161 yogibear
yogibear's picture

"Elizabeth Arden posts $40 million miss on expected break-even revenues"

Bullish. As contraction continues they ramp the market higher.

After hitting your head against the wall a few times it makes perfect sense.

Mon, 05/12/2014 - 16:32 | 4752164 asteroids
asteroids's picture

One wonders if all the crazy market behaviour comes from traders out of Germany or England.

Mon, 05/12/2014 - 17:35 | 4752387 Bernoulli
Bernoulli's picture


Tue, 05/13/2014 - 00:48 | 4753649 Bloody Muppet
Bloody Muppet's picture

Because he's a Queen?

Mon, 05/12/2014 - 16:39 | 4752190 Al Huxley
Al Huxley's picture

That's the power of a 3B POMO.  You all should have marked your calendars when ZH published the May POMO schedule - it's like a crystal fucking ball for knowing which days are going to be up days and which are going to be down.  For those who failed to do that - No POMO on Thursday, so make a note now!

Mon, 05/12/2014 - 16:41 | 4752195 Freewheelin Franklin
Freewheelin Franklin's picture

Jesus Christ. I just realized I haven't been here all day.



I did watch Melissa Francis, though. She's fucking nuts. But in a good way, if you know wwhat I mean.


Mon, 05/12/2014 - 16:46 | 4752215 Bangin7GramRocks
Bangin7GramRocks's picture

Like she's into ATM kinda nuts?

Mon, 05/12/2014 - 17:01 | 4752207 Dr. Engali
Dr. Engali's picture

The Federal Reserve with all of its information knows exactly where all the stops are that will force the shorts to cover. A quick slam higher will trigger them and the rest is history.

Mon, 05/12/2014 - 16:46 | 4752213 The_Ungrateful_Yid
The_Ungrateful_Yid's picture


Mon, 05/12/2014 - 16:50 | 4752235 Ban KKiller
Ban KKiller's picture

In Newspeak it all makes sense. Reason is treason. Honesty is a policy to get you a pulp. Why can't we have a river full of bloated dead banksters?

Mon, 05/12/2014 - 16:56 | 4752263 Jack Sheet
Jack Sheet's picture

"request procedures to terminate alien"
-"does not compute"

Mon, 05/12/2014 - 17:26 | 4752356 ebworthen
Mon, 05/12/2014 - 17:03 | 4752286 HUGE_Gamma
HUGE_Gamma's picture

how about the Bear in the Headlights MEME?

Mon, 05/12/2014 - 17:07 | 4752298 Kirk2NCC1701
Kirk2NCC1701's picture

Of course you "buy everything", if you're using QE and OPM.  You'd be psychotic if you didn't.

It's all about converting "fiat Debt Obligations" papers (QE, USTs...) into something that will either withstand the Monetary Reset (Dollar gets dethroned as GRC), or will generate a revenue stream also.

If I could force people to accept my bouncy, trouncy, flouncy checks, I too would be like Tigger and be having fun, fun, fun, fun fun.  And be the only one.  I too would be buying stuff all day long, and party "All night long".

BTW, in spite of all the Boom & Gloom and Doomsday porn charts, I'll bet you that shrewd and active investors WILL have time to head for the Fallout Bunker, rather than live there 24/7.  Only the paranoid and scared sheep need to live inside the bunker.  Bet you anything that you'll have time to cash in.


Kirk's portfolio:  25% PM bullion, 25% cash, 25% in rental properties and 25% in mix of paper assets (global stocks and business bonds)... held domestically and abroad.  Also have second passport (not a 'target' country), a decent larder plus G & A for Plan A, and a Plan B (Escape Plan via Land, Sea and Air).  Sleep much better that way.  Can you say "Asset Allocation and Risk Mitigation"?

Fuck the Boom, Doom and Gloom porn!  And fuck DC, fuck Wall St!  Bring it on, MFers!

Mon, 05/12/2014 - 17:44 | 4752416 RaceToTheBottom
RaceToTheBottom's picture

Good plan, especially the dual citizenship.

But you need to expand your Doom Planning:

Mon, 05/12/2014 - 18:25 | 4752533 Dr. Engali
Dr. Engali's picture

What no guns and ammo? WTF? You need to diversify. BTW I've been consistent in saying, if you have the disposable income take advantage of the free currency the fed is giving us, peel off profits, and buy PMs.

Mon, 05/12/2014 - 17:22 | 4752345 SheepDog-One
SheepDog-One's picture

Sure it looks totally normal here in Full Retardville.

Mon, 05/12/2014 - 17:30 | 4752368 firstdivision
firstdivision's picture

Look at $NG for a good lol.

Mon, 05/12/2014 - 17:35 | 4752389 assistedliving
assistedliving's picture

"If the news gets a lot better the market will go down, and if the news gets a lot worse the market will go down."


You're confused right?  You mean UP right?

Mon, 05/12/2014 - 17:39 | 4752396 syntaxterror
syntaxterror's picture

The "market" figured out that Blowjob Barry is gonna let all of Eastern Europe join the New-S-S-R, no questions asked and no bullets fired, so it's all good. It's all clear to buy what's not bolted down!

Mon, 05/12/2014 - 18:21 | 4752527 Eyeroller
Eyeroller's picture

The stock market is the only thing saving Teflon Barry (thanks to the FED).

Mon, 05/12/2014 - 18:02 | 4752473 dot_bust
dot_bust's picture

That chart looks like Fed desperation.

Mon, 05/12/2014 - 18:08 | 4752489 Eyeroller
Eyeroller's picture

GREAT article on where this is all heading:


Mon, 05/12/2014 - 18:33 | 4752549 razorthin
razorthin's picture

You don't expect a crash everyone see's coming, do you?  Have faith and stick with me.

Mon, 05/12/2014 - 18:46 | 4752584 nosoeawe
nosoeawe's picture

what could possibly go wrong with a 3.5 foot white haired garden gnome at the helm? she is getting help from her cousin, lucky the leprechaun, who i believe resides in belgium. with a little added pixie dust from her distant cousin, tinkerbell, all is good in the world. and they are all further backed by rich uncle pennybags. i dont know about you, but i'm buying.

Mon, 05/12/2014 - 20:22 | 4752903 Loachspit
Loachspit's picture

Yes this makes sense. Today is the day the Fed was scheduled to contribute billions into the market (so you "feel" richer and spend more money). Can someone say Ponzi scheme.


  • The largest POMO days will be Monday May 12, when the Fed will inject $2.25-$3.0 billion into the market and Thursday, May 29, when another $2.50-$3.25 billion will be allocated to stocks.
  • There will be no POMO on Wednesday May 7, Thursday May 15, and Wednesday May 26. Needless to say, for those so inclined, these may be the better shorting entry points.
  • Mon, 05/12/2014 - 20:30 | 4752920 P-Mack
    P-Mack's picture

    Wow it must mean something. Totally wow.

    Mon, 05/12/2014 - 20:38 | 4752941 akbarovich
    akbarovich's picture

    Gold and silver "started to work" today? Like the other two times in the past few weeks gold crossed above 1300 before getting smacked down again in a couple days? This is pathetic garbage. Call me when gold is above 1400.

    As for whether the move in spot VIX looks normal, it's a calculation difference. It's referencing different S&P expiries. It doesn't actually mean much. And that happens all the time (VIX spot calc gapping around).

    Mon, 05/12/2014 - 23:17 | 4753402 AdvancingTime
    AdvancingTime's picture

     Yes it is about charts and computer driven lust!  Damn the reports of ebbing growth and problems across the world, FULL SPEED AHEAD! Leap before you look! Do not wonder if we have become to complacent to the dangers before us as asked in the following article.


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