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More Signs Of Bullish Excess

Tyler Durden's picture




 

Submitted by Lance Roberts of STA Wealth Management,

 

 

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Mon, 06/09/2014 - 14:35 | 4837862 Kreditanstalt
Kreditanstalt's picture

But the writer of this is "still in the markets".  He thinks it's a "bullish trend"...!

You know what REALLY would terrify these "investors"?

Not a market plunge...because then they could BTFD and recover. 

It's a market that grinds slowly and continually a little lower, day after day, week after week, for months and then years...and nothing they do can change that...

Bring it on.

Mon, 06/09/2014 - 14:37 | 4837881 NOTaREALmerican
NOTaREALmerican's picture

There's got to be a transition from pathological optimism to panic first. 

Mon, 06/09/2014 - 14:38 | 4837886 PartysOver
PartysOver's picture

Just laying the foundation for another Short Squeeze to bust the ES 2000 level.

Got get'em Short before you can screw'em.

Mon, 06/09/2014 - 15:26 | 4838105 SDShack
SDShack's picture

In other words, Japan 2.0

Mon, 06/09/2014 - 15:04 | 4837867 Dr. Engali
Dr. Engali's picture

Bullish.... BTFD. We do not have a market we have a policy tool. How many ime do I have to say this? Any 'pull back' or 'sell off' will be staged and moderate in order to pull in more shorts and squeeze this pig higher. TPTB will keep this up until the time when they are ready to pull the rug out from under us  and this time there won't be any escaping it.

Mon, 06/09/2014 - 14:37 | 4837882 SAT 800
SAT 800's picture

Sold three ES contracts. basis, June; today @1951. Sold 2 CL contracts basis July @104.27.  Both new shorts.

Mon, 06/09/2014 - 14:40 | 4837890 lasvegaspersona
lasvegaspersona's picture

Usually one hedges ones market investments, now the market is the hedge and true wealth is the investment. Eventually gold and other wealth assets will see their true worth. Until then a bit in the market hedges the insane proposition that they really can keep this going forever. If I'm wrong and the S&P goes to a trillion at least my hedge will be worth something....ain't that how it is supposed to work?

Mon, 06/09/2014 - 14:40 | 4837901 oklaboy
oklaboy's picture

excellent read. than you

Mon, 06/09/2014 - 14:42 | 4837907 hegemony
hegemony's picture

I'm just excited that I made money trading today. The market is sooooooo perverse that I actually feel hopeful since the futures actually have a 10 point range today. I'm sure my hopefulness will be short lived

Mon, 06/09/2014 - 14:44 | 4837926 Dr. Engali
Dr. Engali's picture

That's not money you made. You are the proud 'owner' of some of the fed's digital debt. If you should trade your profits in for gold, then you will have made money.

Mon, 06/09/2014 - 14:52 | 4837955 NOTaREALmerican
NOTaREALmerican's picture

Why would anybody want to "hold" money, regardless of what it was.    Money is just an exchange "device".     Seems like you'd want to minimize the amount of money you had (regardless of type).

Mon, 06/09/2014 - 15:03 | 4838008 Dr. Engali
Dr. Engali's picture

Money is also a store of value. Currency is not.

Mon, 06/09/2014 - 15:26 | 4838110 NOTaREALmerican
NOTaREALmerican's picture

In a survival-of-the-fittest world, the smart-n-savvy people purposely change the definition of money.    That's how the smart-n-savvy people prove they are the most fit, by creating a system which maximizes the screwing of the dumbasses.

Mon, 06/09/2014 - 14:44 | 4837925 Cognitive Dissonance
Cognitive Dissonance's picture

No problem. Just double down when the dealer is printing money. Works every time.

/sarc

Mon, 06/09/2014 - 14:50 | 4837947 Eyeroller
Eyeroller's picture

With the Taliban 5 under 'supervision' in Qatar and latest attack in Pakistan, a black swan is in the making.

Perfect thing for the FED to blame a crash on.

Mon, 06/09/2014 - 14:55 | 4837969 Winston Churchill
Winston Churchill's picture

The sky is so full of those swans I can't see any blue or white..

Just wait until they all take a dump.

Mon, 06/09/2014 - 15:00 | 4837978 Squid Viscous
Squid Viscous's picture

the "train has been coming" for five years...now I'm convinced they can keep this ball of fiat shit in the air for longer than any bear has imagined... but when it breaks it's going to be mind blowing

Mon, 06/09/2014 - 15:27 | 4838111 nosoeawe
nosoeawe's picture

the market will continue to go up for another 882 days, 19 hours, 43 minutes and 2 seconds. the time left in the big eared, green hat wearing, fatah in chief's term.

 

Mon, 06/09/2014 - 16:48 | 4838477 moneybots
moneybots's picture

Such a grand bubble, prior to a Great Depression.

Mon, 06/09/2014 - 23:21 | 4839472 Its Only Rock N Roll
Its Only Rock N Roll's picture

Lance you old market timer you.  Gonna save your clients like every other "adviser" who is going to get his/her folks out before the SHTF.  You ARE good. 

 

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