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"Don't Worry, Be Happy" Fed Financial Stress Index At Record Low For 3rd Week

Tyler Durden's picture




 

Feeling stressed? Worried about the financial markets? Don't be - the Fed has an index for that. The St. Louis Fed 'financial stress index', constructed from 18 weekly data series (6 interest rates, 6 yield spreads, and 5 others) fell to a record low for the 3rd week in a row signaling all-clear... right? Just one thing, in a world entirely disintermediated by central banking largesse, just how relevant are these 'market' indications of financial stress? As Bloomberg warns, the financial stress index has now been below zero for 130 consecutive weeks, the longest period since 2008.

 

In the meantime, s'all good right?

 

Sowing the seeds of complacency as the market believes this can go on forever... it can't!!

 

Chart: Bloomberg

 

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Tue, 07/08/2014 - 15:48 | 4936600 TeamDepends
TeamDepends's picture

Run for the hills!!!

Tue, 07/08/2014 - 17:12 | 4936727 ilion
Tue, 07/08/2014 - 15:51 | 4936616 Bryan
Bryan's picture

It's the end of the world as we know it, and I feel fine.

Tue, 07/08/2014 - 15:52 | 4936620 pods
pods's picture

I see that Operation Xanax in the Water Supply is going quite well.

pods

Tue, 07/08/2014 - 15:58 | 4936659 SheepDog-One
SheepDog-One's picture

Yea I don't know what it is with people lately, even normally intelligent folks just look at me crazy when I'm telling them hints aren't so good in reality and they better watch out and be careful. Several even get angry at me.

Tue, 07/08/2014 - 16:12 | 4936723 Bemused Observer
Bemused Observer's picture

I know what you mean...

I wonder if it's time to start looking under beds, in closets, for the pods...

Tue, 07/08/2014 - 15:53 | 4936629 SheepDog-One
SheepDog-One's picture

How the fuck can an index scale be below zero? These people don't even know what an index is for fucks sake.

Tue, 07/08/2014 - 16:00 | 4936664 nink
nink's picture

-10 is the new zero. 

Tue, 07/08/2014 - 16:28 | 4936718 Oracle 911
Oracle 911's picture

We all know how it ended last time and how will it end this time.

Tue, 07/08/2014 - 16:08 | 4936705 NOTaREALmerican
NOTaREALmerican's picture

What, WHAT... You can't have negative stress?   Negative stress is pure hopium !

Tue, 07/08/2014 - 15:54 | 4936631 Make_Mine_A_Double
Make_Mine_A_Double's picture

The perfect contarian indicator of an approaching financial mushroom cloud.

Tue, 07/08/2014 - 15:55 | 4936642 kliguy38
kliguy38's picture

Now that's some of the funniest shit I've seen in awhile.......even out of the fochin scumbags

Tue, 07/08/2014 - 15:57 | 4936646 fonzannoon
fonzannoon's picture

looks like we have a few more years before we match the last period....and I am sure we can top it. This is Murica we are talkin aboot.

Tue, 07/08/2014 - 16:10 | 4936712 SheepDog-One
SheepDog-One's picture

Last little hiccup in 2008 will seem like nothing compared to what's coming one of these mornings.

Tue, 07/08/2014 - 15:56 | 4936649 dirtyfiles
dirtyfiles's picture

yes in utopias they have indexes like this

Tue, 07/08/2014 - 15:57 | 4936652 NOTaREALmerican
NOTaREALmerican's picture

Pretty low stress around my TBTF bank these days.  

Tue, 07/08/2014 - 15:57 | 4936654 orangegeek
orangegeek's picture

hey yellen, try and fix this shit with your printer

Tue, 07/08/2014 - 16:01 | 4936668 Frank N. Beans
Frank N. Beans's picture

what, me worry?

 

“Reality is the leading cause of stress amongst those in touch with it.” 
-  Jane Wagner

Tue, 07/08/2014 - 16:03 | 4936680 eddiebe
eddiebe's picture

What, no more Turbo Tuesday?

Tue, 07/08/2014 - 16:04 | 4936684 dizzyfingers
dizzyfingers's picture

No one noticed Tambora either, until....

Tue, 07/08/2014 - 16:07 | 4936694 astoriajoe
astoriajoe's picture

In the future, this may be a nice link to reference,http://giphy.com/search/dominos

I especially like this one for the degree of complete collapse.

http://giphy.com/gifs/WmkYhCt0Ddnyw

 

This one is nice too, for the look on the builders face:

http://rowpics.com/htdocs/images/uploads/images/20_04_2013fgf4_38_19_.gif

Tue, 07/08/2014 - 16:11 | 4936717 BeerMe
BeerMe's picture

This index is actually showing financial stress of Fed insiders.

Tue, 07/08/2014 - 16:16 | 4936737 Rainman
Rainman's picture

exactly .... the chart is for the 1% . Rest of the peeps get a different chart.... much different.

Tue, 07/08/2014 - 16:49 | 4936840 youngman
youngman's picture

The Walmart CEO was on CNBC toaday..he said the high end was fine..it was the middle class and the poor that were still having problems...his words and he would know....pretty telling I think..

Tue, 07/08/2014 - 19:32 | 4937508 kliguy38
kliguy38's picture

Walmart scumbag knows he'll be safe in his bunker when the SHTF

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