This page has been archived and commenting is disabled.

Spot The Odd One Out

Submitted by Tyler Durden on 05/27/2014 14:57 -0400

The USD is getting dumped; bond yields are tumbling; VIX is hgher; credit spreads are pushing wider... and stocks are (drum roll please) pleasantly green...

Good job those S&P firms are buying back all these shares from the retail and hedge fund sellers... as we noted earlier:

So the next time someone asks who keeps on buying stock despite all the negative newsflow, despite the bond yield sliding ever lower despite relentless broken-record pleas that a "recovery is just around the corner", and with vol near all time lows confirming peak complacency... now you know.

Charts: Bloomberg

- advertisements -

Tue, 05/27/2014 - 15:00 | 4799165 TheRideNeverEnds

Thanks Obama!

Tue, 05/27/2014 - 15:01 | 4799170 Obummer

You're welcome!

Tue, 05/27/2014 - 15:03 | 4799177 PartysOver

In the Name of Community Organizing.

Tue, 05/27/2014 - 15:06 | 4799182 nope-1004

Flight to safety? Except.... no seat belts.

Tue, 05/27/2014 - 15:13 | 4799215 DoChenRollingBearing

Remember when buying stocks was deciding WHICH companies made the best products, had the best management, etc?

It's been a long time. It's just more manipulated paper now.

Tue, 05/27/2014 - 15:24 | 4799265 Say What Again

I don't know which charts you guys are looking at, but the VIX is definitely NOT getting higher!!!

Tue, 05/27/2014 - 15:02 | 4799175 ACP

This will all be taken care of overnight, after their evening strategic manipulation conference call.

Tue, 05/27/2014 - 15:12 | 4799207 jcpicks

You forgot the most important fundamental of them all:

It's Tuesday.

Tue, 05/27/2014 - 15:06 | 4799189 larz

buybacks bitchez

Tue, 05/27/2014 - 15:06 | 4799191 The Most Intere...

The Most Interesting Frog in the World's picture

ZH Reporter: Which chart looks different?

Alan Greenspan: Which chart? I don't see a chart? Do you see a chart? Andrea, where are the charts?

ZH Reporter: No, Andrea is not here. The charts... see the charts? Which one is different?

Alan Greenspan: Time for a hooker and some blow!

Tue, 05/27/2014 - 15:07 | 4799196 oklaboy

now it's time to figure out who is going to be left holdingthe bag, then it will collapse.

Tue, 05/27/2014 - 15:13 | 4799213 The Most Intere...

I'm pretty sure this has already been determined...

Tue, 05/27/2014 - 15:46 | 4799355 swmnguy

It's been said if you don't know who the sucker at the table is, it's you. I can say from personal experience that this knowledge, while very important, is not always helpful.

Tue, 05/27/2014 - 15:12 | 4799208 youngman

And gold and silver is being taken down

Tue, 05/27/2014 - 15:15 | 4799230 DoChenRollingBearing

Just take a quick peek to see if your ounces are still there...

_{You see: all there! Unless you had an unfortunate accident...}

Tue, 05/27/2014 - 16:39 | 4799540 Save_America1st

Yeah, and not only is my stack still there, but funny enough...the lower they push Ag the more my stack grows. It's crazy like that. Well...looks like it's time to quit for the day and swing by my trusty 'ol LCS for a stack boost!

Cheers, bitchez!!!

Tue, 05/27/2014 - 15:27 | 4799276 evernewecon

(looks like second in reply)

If so, then I don't think the

banks want to see the VIX

higher. Except they'll sell the

bailout ultimately. Are gold/silver

supposed to be irrelevant, or, are

the banks going to back up and

load the truck?

Tue, 05/27/2014 - 15:15 | 4799229 Metalredneck

Almost time for another bail-out.

Tue, 05/27/2014 - 15:21 | 4799244 magne13

BUY it all QE EUro style is comin

Tue, 05/27/2014 - 15:21 | 4799245 boog11

I think about Steve Martin in the movie The Jerk. Looking at these charts make me think I just took off my optigrabs. Maybe, if lucky my name will be chosen from the phone book.

Tue, 05/27/2014 - 15:45 | 4799336 GoinFawr

I think about Steve Martin on SNL:

http://infinitedirectbridgewater.com/tag/steve-martin/

though the reality is more like:

"Free for those who can afford it, very expensive for those who can't." - Withnail

Tue, 05/27/2014 - 15:23 | 4799260 pound the vix

Look at them pound that VIX

Tue, 05/27/2014 - 15:26 | 4799271 pound the vix

If you can't buy your own stock at all time highs when can you buy it! Gartman said when the chart goes from left bottom to top right it is the time to buy

Tue, 05/27/2014 - 15:27 | 4799282 pound the vix

If volitility goes to zero do stock prices not move?

Tue, 05/27/2014 - 15:48 | 4799359 GoinFawr

I thought that if volatility goes to zero the put to call ratio is 1

Tue, 05/27/2014 - 15:50 | 4799353 nakki

Come on people, what could possibly go wrong with CEO'S loading up a companies balance sheet with debt to pay for stock buybacks? When things get bad again (because everything is so peachy now), and the S&P is trading 1200 they'll have all the stock they bought back to re-issue all over again.

Tue, 05/27/2014 - 15:47 | 4799357 gcjohns1971

Connection between these is tenuous in a QE world.

If the market has no confidence in the US Govt I would expect the yield to be rising. Otherwise it just indicates people selling cash and buying bonds (which are two sides of the same coin).

When the dollar is done its value will be crashing while the yield goes UP because the cost of the bond has dropped below face. That will be the end.

This is still just noise.

But if I had to guess ...

The FED would add zero's to non-US banks' accounts (like, maybe Belguim????). Those banks would trade those dollars for UST's, supporting the bond bid while dumping dollars into the market.

ECB could do the same thing.

Tue, 05/27/2014 - 23:13 | 4800727 The wheels on t...

The wheels on the bus are going to fall off's picture

Maybe i am late to the party here, but if the dollar tumbles usually the gold price rises. So are we clearly seeing a financial war with the west taking down the gold and in retaliation the east taking down the UST, is this the way its going to be until the lack of physical crashes the system?

Spot The Odd One Out

Comment viewing options