Peak Animal Spirits

Tyler Durden's picture


It appears, unlike in the mid 2000s, that the low level of volatility and high level of stocks has not had the desired effect on ramping animal spirits among the general population. Judging by the number of "optimistic" stories, peak animal spirits passed at the start of 2012... as optimism is now back at crisis lows...



Source: Bloomberg

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Wed, 07/16/2014 - 21:55 | 4965396 NOTaREALmerican
NOTaREALmerican's picture

VIX!!!   Ahhhh,  VIX!!!!

Wed, 07/16/2014 - 22:19 | 4965503 markmotive
markmotive's picture

"Bull markets are born on pessimism, rise on skepticism, mature on optimism and die on euphoria."

Complacency is on the rise!

Wed, 07/16/2014 - 22:37 | 4965575 NoDebt
NoDebt's picture

Optimism is tanking because everyone and their brother knows it's fake.  Period.

The wizards at the Fed aren't any more magical than the Wizard of Oz.  Techno-tricks to pump asset classes with no substance behind it.  The curtain was pulled back, we all know it's a trick and we know how it works.  We've all seen where they pull the rabbit from.  Its no longer a mystery.  Yet the Fed still insists they are magical.  But nobody can be convinced to un-see what they have seen.

Wed, 07/16/2014 - 23:27 | 4965750 flacon
flacon's picture

My theory is that John Maynard Keynes deliberately wanted his body to be cremated and spread across the fields, BECAUSE he knew that the populace of peasants (his words) would piss on his grave to the end of time. Can you imagine the amount of excrement that would have piled up on his tombstone if he had been buried intact? 

Thu, 07/17/2014 - 01:01 | 4966085 Son of Loki
Son of Loki's picture

Why June records the largest drop in consumer spending

Wed, 07/16/2014 - 22:08 | 4965452 Cursive
Cursive's picture

I long for 1978....

Wed, 07/16/2014 - 22:11 | 4965464 NOTaREALmerican
NOTaREALmerican's picture

Even with the bad music and fashions?

Wed, 07/16/2014 - 22:29 | 4965535 Emergency Ward
Emergency Ward's picture

How can I even remember 1978?  It was before 1980, I think.  But I'm not even sure of that.

Thu, 07/17/2014 - 04:33 | 4966374 Tall Tom
Tall Tom's picture

Knowing all that I know now if I could relive 1979 I would have changed many things. That was a very pivotal tear. (I will leave that as it is a Freudian)

Wed, 07/16/2014 - 22:08 | 4965454 razorthin
razorthin's picture

You mean anibot spirits.

Wed, 07/16/2014 - 22:16 | 4965483 max2205
max2205's picture

It's all vix to me.....

Wed, 07/16/2014 - 23:48 | 4965829 MrTouchdown
MrTouchdown's picture

At least we'll always have Belgium.

Wed, 07/16/2014 - 22:26 | 4965521 yogibear
yogibear's picture

Keep taking  it up banksters to the stratosphere. The first one to notice a meaningful sell will cause a momentous slide. 

Animal spirits work going up and on the downside. 

Wed, 07/16/2014 - 22:54 | 4965638 Fuku Ben
Fuku Ben's picture

VIX is soon to be the catalyst of my early retirement fund

Wed, 07/16/2014 - 23:25 | 4965742 Wild Theories
Wild Theories's picture

Maybe someone needs to sacrifice a goat.

A little blood-letting is always good for connecting with the animal spirits - so my voodoo doctor tells me.

Wed, 07/16/2014 - 23:26 | 4965749 PaperWillBurn
Wed, 07/16/2014 - 23:35 | 4965783 RaceToTheBottom
RaceToTheBottom's picture


Thu, 07/17/2014 - 00:03 | 4965903 yogibear
yogibear's picture

Inflation is showing up in a big way.

The Fed can only deny it for a short while.

HERSHEY, Pa.—(BUSINESS WIRE)—Jul. 15, 2014— The Hershey Company (NYSE:HSY) today announced an increase in wholesale prices across the majority of its U.S., Puerto Rico and export portfolio.

Thu, 07/17/2014 - 00:26 | 4965972 Ralph Spoilsport
Ralph Spoilsport's picture

"The Hershey Company (NYSE:HSY) today announced an increase in wholesale prices..."

Good for them. Hershey sells the chocolate equivalent of Budweiser. They can't call some of their stuff "milk chocolate" anymore. It's now "chocolate candy" which is "chocolaty".

Thu, 07/17/2014 - 09:55 | 4967130 Bryan
Bryan's picture

"Chocolate-like Food Product"

Thu, 07/17/2014 - 10:20 | 4967255 Cthonic
Cthonic's picture

Mmmm PGPR, because cocoa butter costs too much.

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