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Advice To Traders Everywhere, From March 29, 1929

Tyler Durden's picture




 

From none other than The Wall Street Journal, March 29, 1929...

 

 

h/t @RudyHavenstein

 

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Thu, 05/15/2014 - 16:31 | 4763962 HedgeAccordingly
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2015 is coming fast . http://hedge.ly/1j1v7n8

Thu, 05/15/2014 - 16:34 | 4763968 Say What Again
Say What Again's picture

I still remember when all the bad guys were part of a "syndicate."

 

p.s. No one will look at your web site.  Just stop trying

Thu, 05/15/2014 - 16:37 | 4763977 Pladizow
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I remember this old nursury rhyme from way back in the day when fundamentals mattered!

Thu, 05/15/2014 - 17:02 | 4764045 Headbanger
Headbanger's picture

Need a rap version of it

With none of the bull shit

So all you dawgs can see

It's a sick tragedy

For young and old

Who must be told

Get with it

Just fuck it

 

Yeah, so much for my rap career

Thu, 05/15/2014 - 17:45 | 4764171 youngman
youngman's picture

You did not use the N word ...and not enough Fuck words.....more swearing...and some cowbell too

Fri, 05/16/2014 - 14:22 | 4767205 s2man
s2man's picture

MOAR COWBELL!

Thu, 05/15/2014 - 16:38 | 4763982 deflator
deflator's picture

 Now the government is the only syndicate in town.

Thu, 05/15/2014 - 17:10 | 4764082 negative rates
negative rates's picture

That moment has passed.

Thu, 05/15/2014 - 16:32 | 4763965 oklaboy
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but..but...but... the vix is soooo low?

Thu, 05/15/2014 - 16:36 | 4763978 astoriajoe
astoriajoe's picture

Such a shame that no one uses poetry anymore.

Wait, where's the Limerick King?

Thu, 05/15/2014 - 16:37 | 4763981 agstacks
agstacks's picture

How old is the Limerick King? 

Edit: Beat me to it..^^

 

Thu, 05/15/2014 - 16:39 | 4763983 Rainman
Rainman's picture

No Rockabye Baby rhyme here ...this reads like some kind of back to the future voodoo shit .

Thu, 05/15/2014 - 16:39 | 4763986 Jliax
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Traders will trade no matter the price of an asset. Sounds more like it is the investor who will come down.

Thu, 05/15/2014 - 16:49 | 4763989 ebworthen
ebworthen's picture

Funny.  And margins are even bigger now.

http://www.youtube.com/watch?v=sTUIHK7gHRE&feature=kp

(Propellor Heads with Shirley Bassey - "History Repeating")

Thu, 05/15/2014 - 16:41 | 4763991 Ham-bone
Ham-bone's picture

Money must go somewhere (Bonds, Stocks, cash, RE, or commodities)...

Gov 10 yr yields...negative real returns accross the board???

Less than 1%
Japan, Switzerland

Less than 2%
Austria, Belgium, Denmark, Sweden, Germany, France, Netherlands

Less than 3%
Canada, Ireland, Italy, Spain, UK, US

Others
Portugal (3.5%), Australia (3.75%), New Zealand (4.25%), and bad boy Greece (6%)

So collapsing global YIELDS (10yr Gov. bonds) are and will send yield starved money elsewhere...and there's not many options...so relatively, stocks are looking good???

Thu, 05/15/2014 - 16:54 | 4764020 Ham-bone
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 There will always be a buyer for negative yields which will continue to push out real money searching for yield...

GLOBAL BANKING CENTERS - ownership of US Treasury's

"Carribean banking centers"

         '00          '07              '14

 $      35 B ---> $68 B  ---> $312 B

UK    $50 B  --->  $100 B ---> $176 B

Switzerland $18 B> $34 B  ---> $176 B

HK       $39 B --->  $52 B  ---> $156 B

Singapore $30 B->  $30 B  ---> $91 B

Ireland $5 B --->  $19 B  ---> $113 B

Belgium $28 B -->  $13 B  ---> $381 B

Luxemburg <$5 B-> $60 B --> $145 B

TOTAL    $210 B      $376 B     $1,550 (750% increase)

 

Oh, and there's this one...

Fed  $400 B --> $400 B ---> $2.4 T (600% increase)

 

 

Thu, 05/15/2014 - 17:00 | 4764035 LawsofPhysics
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Where are you getting this information?

 

lies, lies I tell you - ben

Thu, 05/15/2014 - 17:10 | 4764080 Alea Iactaest
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Where to get this information? From the Federal Reserve, of course!

http://research.stlouisfed.org/fred2/series/WALCL

Thu, 05/15/2014 - 18:21 | 4764104 Ham-bone
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Love that 50 yr French bond yielding 2.88%...oooo lala. 

But that Japanese 40yr @ 1.77% might be the big winner???

I'm taking my $1 million retirement plan and invest and I'll get 40 checks, $17k /yr to live high on the hog...of course that's pre-tax, it'a a little more modest after.  Retirement lifestyles of the rich and famous...ZIRP style.

Thu, 05/15/2014 - 18:38 | 4764377 Yen Cross
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@ Ham-bone >  Thanks for taking the time to "ed-u-ma-cate" we bond novices.

 I appreciate the due diligence you do to make myself & Z/H readers more informed.

Thu, 05/15/2014 - 23:21 | 4765278 BrosephStiglitz
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Unless the money actually represents toxic debt, in which case the crash will happen and wealth will evaporate.

Then we won't have QE, it will be rebranded to the "Push for Prosperity" market operations, or some other nonsense. 

Thu, 05/15/2014 - 16:44 | 4763995 LawsofPhysics
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But what about the "flight to safety"....

Thu, 05/15/2014 - 16:50 | 4764011 Bloody Muppet
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Rates go up, stocks go down. Wow. AMAZING.

Thu, 05/15/2014 - 16:52 | 4764019 LawsofPhysics
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Easy to see why your moniker is "bloody muppet"...

Fri, 05/16/2014 - 22:27 | 4768444 Bloody Muppet
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You love irony too, eh? It's hard to tell, when I look at your moniker.

Thu, 05/15/2014 - 16:51 | 4764014 williambanzai7
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Thu, 05/15/2014 - 16:52 | 4764018 Luckhasit
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It's good, but where is the limerick king?  this is his stompin territory.

Thu, 05/15/2014 - 17:05 | 4764063 Bangin7GramRocks
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Hickory Dickory Dock. Some chick's been sucking my cock. Clock struck two, dropped my goo...Dumped the bitch down the next block!

Thu, 05/15/2014 - 17:12 | 4764089 negative rates
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Odds are you are on the wrong side of nature on this one.

Thu, 05/15/2014 - 17:51 | 4764187 atomp
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Rocks knows how boring it can be in the bank line

Thu, 05/15/2014 - 17:44 | 4764169 MillionDollarBoner_
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There once was a banker called Ben,

Who printed much dollah and then,

He handed to Janet,

Who printed the planet,

Now were all spending Yuen ;o)

Thu, 05/15/2014 - 16:55 | 4764027 tahoebumsmith
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I'm saying the top is in and it's all downhill from here. The dollar is under serious attack from the BRICS and Belgium won't be able to keep up the pace. The ponzi is coming apart and the leverage % we see will be the kiss of death. Once the FED loses control of interest rates it's game over... The timing is perfect, while all you cunts in the Hamptons plan your summer remember this, 2014...Summer from hell! The party is over, I see it, smell it, and can even lick the air and taste it BITCHEZ...

Thu, 05/15/2014 - 17:03 | 4764060 i_call_you_my_base
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The fed will just buy bonds through Kenya.

Thu, 05/15/2014 - 19:06 | 4764487 Notsobadwlad
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Yes, but now we know that the only way rates will rise is if the Fed raises the rates. There is no illusion of a fre market. And, while the Fed is not subject to the laws of this world, there most likely will be some kind of reconning.

Thu, 05/15/2014 - 22:11 | 4765064 luckylogger
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Ha- Just like 2007-2008, I wish   It would be nicew but the guvment has too many irons in the fire.

HOw I wish our market would follow actual supply and demand...... It is a whole new world and probably none of us can figure it out....................

Some will say buy gold...... that don't seem to work....

So what is a trader to do????

Thu, 05/15/2014 - 23:43 | 4765340 Freedumb
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ZeroHedge said the end was nigh

We gathered our assets with a sigh

We remortgaged the house

With a click of the mouse

To buy the fucking all time high

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