Tyler Durden's picture

Presented with little comment, aside to remind the 'money on the sideline'-watchers just how all-in everyone is already...



and a reminder of just who is "complacent" and who is "selling"


And then there's this... (the break in Feb 2014 syncs with Fed's Tarullo comments that "hi-tech /small caps valuations "stretched""


h/t @Not_Jim_Cramer

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Zirpedge's picture


Pool Shark's picture



From 2009:

A slight balding figure at the back of the theatre gave a hand signal, and one by one, the smart money began to leave the building. “Evening, Mr Blankfein” said one taller man, as he passed. “Don’t forget to yell FIRE when you get outside, Mr Mack” said Blankfein, and he smiled.


pemdas's picture

Looking at chart 2, hedge funds, institutions, and individuals have all been net sellers for years. How can they be all in?  Furthermore, if they are all net sellers, who is the net buyer? Foreigners? Company buybacks?

FieldingMellish's picture

Why? The "important" money has left already. No need to ramp.

AccreditedEYE's picture

Yes, this is really all that matters. In a world of endless liquidity, who gives a shit about historical vol? They'll take it to zero.. nobody cares.

The Axe's picture

VXX   is the only tool that the TOOLS at the FED need

Carpenter1's picture

The fear is palpable, bulls desperately trying to prop up the Russel, now less losses than big indexes. All time high leverage, all time high buy in, if this market caves, there'll be lots of work for street cleaners to do washing brains off pavement

Nobody For President's picture

As of Tuesday, I got vry big on TAZ.

It has bit me hard last year, but I'm learnin', 20 K up this week. I hope this is the great correction, but my stops are in.

It won't be brains on the pavement, it will be fial


When you sweep up paper money just to get it down the drain, you are pretty fucked allirght.

So I just stacked some Moer silver (easier local exchange than gold). So get both.





vote_libertarian_party's picture

Soooooooooo you're saying buy buy buy?!?!?!?!

NotApplicable's picture

According to those charts, NASDAQ is a screaming buy.

fonzannoon's picture

It very well might be. Considering everyone is penned in, if you are looking for relative value, it's probably in tech. But if we are going Nirp you should grab some MCD with a 3% yield. Have a little of everything, the buffet is open.

Bill of Rights's picture

Housing tanking - check

Retail tanking - check

Earnings tanking - check

Stock market holding on for dear life - check

Bonds rallying - check

Money supply tanking - check

No one working - check

All this with an election coming in 6 months....the sheep are getting antsy. More Money printing should solve our problems.

Zirpedge's picture

Tech stock are going to the moon! There are 7 Billion people on earth and Apple has only sold 170M I-pads.

slightlyskeptical's picture

Yep . 7 billion people. Most of whom have a whole lot of standard of living increases yet to come. Long on the back of people. BTFD

ShorTed's picture

7 bln iPads to feed 7 bln people.  Who said Bill Dudley was a moron?

Gaius Frakkin' Baltar's picture

Don't forget that the Steve Job's worshipers own 2-3 on average so the number of people who own an I-Phad is much less than 170M.

BrosephStiglitz's picture

Keep riding that tired old whore of a market all the way to the bottom.  I'll buy back in after the bodies are dragged from the streets.

I only have my eye on a couple of stocks right now, and they aren't US companies.

medium giraffe's picture

Chart 2 is astonishing.  A bag-holding operation that can be seen from space.

SDRII's picture

NonGAAP deficit is only 600B. Bonus checks for everyone

B.J. Worthy's picture

That 2nd chart just screams "sheep being fattened for slaughter."

hardcleareye's picture

Time to bring out the Buy the Fucking Dip Cartoon....


Manipuflation's picture

I am not sure where to post this but I know a lot of us think alike.  I guess you can call it OT but it is funny as hell.  Sorry for jacking the thread it is worth it.


fonzannoon's picture

you should not have to post it anywhere. it should be the lead article.

Manipuflation's picture

I'm not sure why I got junked for that link but who cares?  That was funny.  I am glad you guys are getting a laugh out of it too.  You have give credit where credit is due.  It was pretty clever for young males to come up with some shit like that.  They might end up being ZHer's one day.  We have to laugh once in a while I think.

therearetoomanyidiots's picture

I don't get it either, a couple of ne'erdowell 'insiders' distribute false information to try to take advantage of the stupid and ignorant masses.

Seems 'on topic' to me.  

Manipuflation's picture

Thank you.  I think what I got out of was a sense of rebellion from the kids.  We need that.  I thought I saw a ray of light break through with that prank.

fonzannoon's picture

I feel like that is the type of stuff we all used to do back in the day. The principal would find out who it was, call them in, read them the riot act, tell them to cut the shit, and on the way out they would get a pat on the back and hear the principal whisper "that was pretty funny". These kids will probably go to jail.

roadhazard's picture

I just sent it along to some who will get a kick out of it, thanks.

Bill of Rights's picture

Can you hear the teens now.


" Like OMG they want to like inspect my vag-ina like omg!...he he he I'm going for it. "

ebworthen's picture

Bet most of the girls in that H.S. have already submitted voluntarily to a vagina "inspection".

Great prank.  First year of H.S. my friends and I replaced the stacks of the school newsletter with our own edition; to include co-ed locker rooms and topless badminton classes in gym.

Gaius Frakkin' Baltar's picture

Thank you retail for bailing out the big boys yet again. May your delusions bring you comfort during the next fleecing. Enjoy your serfdom.

ebworthen's picture

The great rotation, just this decades edition.

With that huge base of retail 401K's/IRA's/Pensions it must be like taking candy from babies.

Maintain the happy talk, the "invest for the long term" and "will you have enough to retire?" propaganda and fear mongering to keep the sheep in the pen until they can be slaughtered.

Lather, rinse, repeat.

Cthonic's picture

Don't forget, it's 3:30, and Treasury POMO resumes tomorrow and extends through Tuesday.

Bear's picture

It's 3:38 and ES is up five points ... good call Ct

Bear's picture

We are now ready for the Bear Party ... Retail clients are margined to the hilt, fattened up and ready for the eating

Yen Cross's picture

    WTF is going on with the RUT?... It just levitated 1%... This shit is insane!

AccreditedEYE's picture

Did you honestly expect anything different? You've been on here for a long time.. this should be old hat by now. CNBS.com rolled out 5 end-of-the-world headlines in a row. Sentiment trumps fundies every time; if you don't believe me, go ask the doof that wrote the short-CAT piece last year. *yawn*

Yen Cross's picture

      Crazy times... Hey everyone lets buy the most risky equities just before war breaks out.

Cthonic's picture

Algorithms never forget.

ebworthen's picture

Bet Tepper had his shorts on last night.

AccreditedEYE's picture

If Tepper's 13F's prove anything, he does/trades the OPPOSITE of what he says publicly...

AdvancingTime's picture

Modern Monetary Theory often referred to as MMT to its many believers removes much of the risk ahead and guarantees that we will always be able to muddle forward. MMT also known as neochartalism is a economic theory that details the procedures and consequences of using government-issued tokens and our current units of fiat money.  Newly acquired tools like derivatives and currency swaps  allow us to print and  manipulate away problems.

While reading an article about the growth of debt in China's non-financial sector I was forced to reflect on how debt is effected by the interest rates. In Europe the ECB had to step in to halt the economic collapse of Spain, Italy and several other countries that were on the brink. What you pay in interest on debt does matter accept in the manipulated land of MMT. Have we been lulled into complacency by the extraordinary actions taken by central banks and governments over the last six years? This is a key question we must face. More on this subject in the article below.