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3 WTF Charts

Tyler Durden's picture




 

Something doesn't add up here... (and rumors of heavy institutional selling is not helping)

 

Breadth is weak...

 

and flows are diverging...

The average Russell 2000 stock is -20% under its 52 week high

And High Yield credit is flashing bright red...

 

As Barclays Phil Solarz warns,

One of the things that sticks in my mind from 2007 (and I am NOT suggesting a 2007/2008 repeat here) is the fact that the credit markets moved before equity markets....and not just once, but three or four times through 2007 and 2008.

 

I recall looking at charts like the attached and thinking "why has this correlation broken down?"

 

Inevitably, the credit markets would be right, and the equity market would eventually catch up and re-establish the correlation.

 

The chart above shows (the inverse of) the junk-less-10 year spread vs the S&P. The tight correlation of the past 12 months (and actually, the last 3 years) has broken down this month.

Charts: JC O'Hara at FBN Securities, @Not_Jim_Cramer, Barclays

 

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Wed, 07/30/2014 - 15:24 | 5023824 ekm1
ekm1's picture

Something didn't add up in 2011.

Since then the Financial System is simply a video game, controlled by Primary Dealers and NSA.

Wed, 07/30/2014 - 15:27 | 5023834 Divided States ...
Divided States of America's picture

Tyler, the correlation between the HY Credit and the Russell maybe more correlated due to their higher beta, instead of using the S&P. Check and see if thats more relevant.

Wed, 07/30/2014 - 15:38 | 5023894 NoDebt
NoDebt's picture

Obviously High Yield has it's head up its ass and needs to get with the program.

Wed, 07/30/2014 - 15:44 | 5023930 jbvtme
jbvtme's picture

markets used to anricipate news but now they react to it. there is no fear and greed like the old days. doc put it aptly. we are witnessing the death of a currency

Wed, 07/30/2014 - 15:48 | 5023956 fonzannoon
fonzannoon's picture

you guys still don't get it. The more high yield sells off the more yields rise and become more attractive and high yield gets bought. see how easy it is?

Wed, 07/30/2014 - 16:13 | 5024097 headhunt
headhunt's picture

Fonz - that's great.

Where is the 'high yield'?

I want some of that.

Wed, 07/30/2014 - 17:46 | 5024495 max2205
max2205's picture

I hope so

Terrible Thursday

Freaky Friday

Manic Monday

Twister Tuesday

Wicked Wednesday

 

Thank you for hoping with me

Wed, 07/30/2014 - 18:10 | 5024616 The Alarmist
The Alarmist's picture

Yeah, but .gov told me that GDP is up 4%, that the world has never been more prosperous, nor has it ever been more peaceful, so everything must be all right.

 

Kumbayah, bitchez!

Thu, 07/31/2014 - 02:58 | 5026354 wee-weed up
wee-weed up's picture

 

 

ekm1:

Something didn't add up in 2011.

Since then the Financial System is simply a video game, controlled by Primary Dealers and NSA.

--------------------------------------

The Financial System has been fucked up since before then...

But since Jan 2009... especially so.

The gross incompetency since then must be covered up at all costs.

Wed, 07/30/2014 - 16:49 | 5024282 spekulatn
spekulatn's picture

 

 

New acronym time:

 

BTFHY

 

Wed, 07/30/2014 - 18:16 | 5024633 Mr. Magoo
Mr. Magoo's picture

Why is anyone trying to make sense out of a nonsensical totally manipulated market. This whole thing is being orchestrated by the bankers to put the final nail in the coffin to rob EVERYBODY of all their wealth and make all us a permanent serf class with the elite controlling the top which is nothing new because as they say

"History repeats itself" it is no different this time. But in the end it WILL be time to bring out the Guillotines

Thu, 07/31/2014 - 01:33 | 5026268 EBT excepted
EBT excepted's picture

Long guillotines...roll them out...the reason for which the wheel was invented...

Wed, 07/30/2014 - 15:26 | 5023836 power steering
power steering's picture

Wait till ebola arrives

Wed, 07/30/2014 - 15:33 | 5023868 101 years and c...
101 years and counting's picture

i'm a bear.  and thats the last thing i want.  even if it means stocks go to 2200.  hoping for that so you can make money is disgusting.  that being said, the (complete lack of) media coverage has gotten me a little worried you may be right.  i've been stocking up food and water in the last few weeks.

Wed, 07/30/2014 - 16:25 | 5024154 freewolf7
freewolf7's picture

There's that priceless picture of the guy on the beach, watching as the tsunami approaches. Fight, flight, or freeze.

Wed, 07/30/2014 - 16:55 | 5024307 NotGrokkingIt
NotGrokkingIt's picture

option four - Fuck It

Wed, 07/30/2014 - 17:25 | 5024442 rum_runner
rum_runner's picture

Ebola is so poorly transmissible it's hard to imagine that it would cause a plague in the US.  It's people in direct contact (hello, doctors) and those that follow insanely dangerous customs like "washing the dead" who end up contracting it.  I'm not worried.  Stawks to the moon!

Wed, 07/30/2014 - 18:14 | 5024632 The Alarmist
The Alarmist's picture

Yeah, it can't possibly spread to people who are fastidious about suiting up before treating and decontaminating after treating patients with the disease because they don't engage in the risky behaviours you describe ... 

 

http://www.thedailybeast.com/articles/2014/07/30/minnesota-widow-on-her-...

 

Uhhh? Never mind.

 

Wed, 07/30/2014 - 18:18 | 5024656 BandGap
BandGap's picture

The downside to your argument is that the induction period is 21 days. So you have it, don't know it and symptoms hit three weeks later.

Can anyone count the physical human contact they have had in the last 3 weeks?

 

Wed, 07/30/2014 - 19:53 | 5025067 kaiserhoff
kaiserhoff's picture

Exactly.  One person, probably unaware of any problem, traveling through a couple of major airports, could take the thing world wide before anyone knew.  Quarantine that.

Thu, 07/31/2014 - 09:41 | 5026930 Theosebes Goodfellow
Theosebes Goodfellow's picture

My partner is a medical professional in the "trenches", so to speak. If you understand that Ebola is a virus, and that viruses mutate very easily, and that they are extremely cloying, yeah, this is truly some scary shit, right up there with airborne pulmonary tuberculosis. Add to this our current unregulated borders and we have the making of a true pandemic.

Long nitrile gloves, face masks and 2 gallon bleach sprayers.

Wed, 07/30/2014 - 20:24 | 5025227 Amish Hacker
Amish Hacker's picture

Apparently, people are contagious to other people only after they have developed symptoms, and only via close contact. They say you're much more likely to get hit by a meteorite, which is fine with me, because I'd much, much rather get hit by a meteorite that go through the melt-down stage of ebola.

Wed, 07/30/2014 - 21:52 | 5025603 TheEndIsNear
TheEndIsNear's picture

Yes. Precisely ZERO. I don't get out much. :-)

Wed, 07/30/2014 - 22:18 | 5025707 swmnguy
swmnguy's picture

Well, since my wife and I have been together over 20 years and we have teenaged kids, I haven't had any "physical human contact" in a helluva lot longer than 3 weeks.  Not complaining, mind you; just sayin'.

Wed, 07/30/2014 - 19:15 | 5024940 blackbeardz
blackbeardz's picture

We found EBOV to be shed in a wide variety of bodily fluids during the acute phase of illness, including saliva, breast milk, stool, and tears. In most cases, the infected bodily fluid was not visibly contaminated by blood. Of particular concern is the frequent presence of EBOV in saliva early during the course of disease, where it could be transmitted to others through intimate contact and from sharing food, especially given the custom, in many parts of Africa, of eating with the hands from a common plate.

http://jid.oxfordjournals.org/content/196/Supplement_2/S142.full

 

- S A L I V A   - it's got my attention now!

I can't recall the last time I mixed with others breast milk, blood, stool, and tears while they were sic but having a dental dam in the breast pocket may become fashionable.

6" x 8" sheet with a corner fold for the dapper look.

 

Thu, 07/31/2014 - 02:23 | 5026331 PacOps
PacOps's picture

My neighbor told me a week ago she was leaving to Africa for a 3 months tour - she left that day. The doctors who contracted it and died may have taken full, almost, precautions. Poorly xmitable? Scary shit.

Wed, 07/30/2014 - 15:42 | 5023908 jbvtme
jbvtme's picture

i read a blurb that said soros and gates were behind the ebola outbreak. another article says the locals in africa are stoning the doctors without borders claiming that wherever they go they leave sickness in their wake

Wed, 07/30/2014 - 15:49 | 5023974 Renewable Life
Renewable Life's picture

The rudimentary human mind is constantly looking for easy answers and villains to blame for complicated, scary shit!!

Not to say, bad men aren't behind a lot of bad things, but seeding the world with diesese that could get out of control and kill their loved ones, is just a bad option, when starving, killing, and exploiting people is so much more controllable!!

Diesese was the original mass murder on this planet, even before those African doctors were walking upright, and it will be that, long after we have all succumb!!

Just get prepared, understand the reality of the situation the best you can, and hope for a little genetic luck if this bitch gets airborne!! Looking for the boogeyman to blame, is wasting time you could be preparing with!

Wed, 07/30/2014 - 17:03 | 5024341 blackbeardz
blackbeardz's picture

That's a nice theory until you look at nuclear energy proliferation, pesticides, gmo food.

"seeding the world with diesese that could get out of control and kill their loved ones,"

-is exactly what has been happenning abundantly for decades. Unless you think cancer rates rising to the epidemic level is just natural disease.

Wed, 07/30/2014 - 19:55 | 5025093 TheRedScourge
TheRedScourge's picture

Actually cancer rates going up is because of an increase in life expectancies, given that it's virtually inevitable in anything that lives long enough.

Thu, 07/31/2014 - 08:42 | 5026696 blackbeardz
blackbeardz's picture

of course it is the increase in life expectancy, after all thats what the gov tells us. nothing to do with alcohol consumption, diet, environment. /sarc

EAT LIES AND DIE

Wed, 07/30/2014 - 17:59 | 5024556 putaipan
putaipan's picture

i dunno.... add a rockerfeller without borders killed in a plane crash on friday the thirteenth and the whole thing starts to sound creepy

Wed, 07/30/2014 - 22:44 | 5025806 Bernankenstein
Bernankenstein's picture

Ebola = bullish for biotech. Yippee!

Thu, 07/31/2014 - 01:35 | 5026272 EBT excepted
EBT excepted's picture

wait?  I want my ebola, and I want it now...   ebola sorta rhymes with obama...

Thu, 07/31/2014 - 03:09 | 5026362 Four chan
Four chan's picture

they could give it out in detroit, those people cant resist anything free.

Wed, 07/30/2014 - 15:46 | 5023943 madbraz
madbraz's picture

Spot on.  Some time in early 2012, in an eureka moment, the guys in the NY FED and their preferred primary dealer/hedge fund partner perfected an algo/HFT based system that manipulates this thing in the exact direction they want - looks like they can even control the angle of ascent.  It looks like it took them some years since they started tinkering with it, but it is now a manipulation beast.

 

One needs only to look at minute charts of key markets to know that it is everywhere, in indices and in futures.  "Panic buying" that would make zero sense for anyone who is not a (1) manipulator or does not (2) have unlimited resources.

 

It will probably fail whenever volume picks up in the other direction.  The problem is that there is no volume.  In the absence of volume, whoever has this philosopher stone will obviously abuse it until stopped.  There is no police to stop it.

 

 

 

 

Wed, 07/30/2014 - 15:49 | 5023964 fonzannoon
fonzannoon's picture

so we are all good then right? I can go back to my full retard btfd mode?

Wed, 07/30/2014 - 15:53 | 5024011 ekm1
ekm1's picture

Maybe, until assassinations start

Wed, 07/30/2014 - 15:55 | 5024013 Hindenburg...Oh Man
Hindenburg...Oh Man's picture

This. Your post pretty much sums it up. If Michael Lewis wrote a book about this rigged market, the "real" rigging, not the bullshit rigging, I'd buy it. 

Wed, 07/30/2014 - 16:02 | 5024040 ekm1
ekm1's picture

Totally controlled from Rutherford, NJ.

http://www.foreignpolicy.com/articles/2014/04/28/exclusive_meet_the_secr...

 

Civil war among oligarchs is who controls that building, those computers

Wed, 07/30/2014 - 17:37 | 5024473 Yankee.go.home
Yankee.go.home's picture

No, that location is just the security department. That would be like the person at the front desk "controlling" a corporation.

Wed, 07/30/2014 - 16:02 | 5024050 tempo
tempo's picture

aapl doubles in 2 years helps dia and spx a lot.

Wed, 07/30/2014 - 16:24 | 5024147 TeethVillage88s
TeethVillage88s's picture

Pentagon ran the Financial War games Exercise in 2009 with Jim Rickards.

http://www.financialsense.com/contributors/jim-rickards/world-playing-ou...

Thu, 07/31/2014 - 08:39 | 5026693 Agstacker
Agstacker's picture

Something didn't add up on 911.

Wed, 07/30/2014 - 15:24 | 5023825 NotApplicable
NotApplicable's picture

Correlation implies reality.

Ain't happenin'.

Wed, 07/30/2014 - 15:25 | 5023827 gmak
gmak's picture

big moves n equity tend to begin in the credit markets

Wed, 07/30/2014 - 15:35 | 5023872 Alpo for Granny
Alpo for Granny's picture

oh boy.

Wed, 07/30/2014 - 15:27 | 5023838 El Vaquero
El Vaquero's picture

Time for QEULTRA®

Wed, 07/30/2014 - 15:35 | 5023877 Alpo for Granny
Alpo for Granny's picture

Time for QEBRAWNDO®

Wed, 07/30/2014 - 15:42 | 5023912 El Vaquero
El Vaquero's picture

I think that QEBRAWNDO® is the one where they print physical FRNs and spread them around instead of just using ones and zeros.

 

(It's got toilet paper.  It's got what assholes like.)


Wed, 07/30/2014 - 17:47 | 5024500 jay28elle
jay28elle's picture

QEYellen®

Wed, 07/30/2014 - 15:35 | 5023878 astoriajoe
astoriajoe's picture

Nice branding. You've gotta give it some pizazz to sell it.

Wed, 07/30/2014 - 16:36 | 5024213 Ben Ghazi
Ben Ghazi's picture

What kind of pizzas?

Wed, 07/30/2014 - 15:28 | 5023841 jay28elle
jay28elle's picture

...as if any of these charts make any freaking diff, right?  The 6 people that are trading the market to new highs are only doing so until Yellen tells them not to, withour regard to anything charts, history, fundamentals, etc., say.

Wed, 07/30/2014 - 16:09 | 5024076 Burticus
Burticus's picture

Fundamentals?!  Buahahahaha!

We don't need no stinkin' fundamentals!  Vamanos!

Wed, 07/30/2014 - 15:28 | 5023842 101 years and c...
101 years and counting's picture

correlations can break down for a brief period.  and then, suddenly matter again.  spx 1800?  by then, credit will be near 1720 and stocks will catch down to that.  

Wed, 07/30/2014 - 15:31 | 5023848 Save_America1st
Save_America1st's picture

Why is he "not suggesting a 2007/2008 repeat here."?????????   What the fuck else do these fuck-tards think is eventually going to happen?  Obviously in the least it will be something very "rhyme-like" to 2007/8 and will have to be even worse given they have fixed nothing and destroyed everything even more by putting their foot on the gas and are speeding mach1 towards the fucking cliff dragging all of us behind them. 

What's he suggesting then????   Unicorns, pixie dust, and more things from fairy tales to keep the sheeple mesmerized until their inevitable slaughter???

What a douche bag. 

Wed, 07/30/2014 - 15:36 | 5023883 CaptOveur
CaptOveur's picture

"Why is he "not suggesting a 2007/2008 repeat here."?????????"

Save_America1st, have you ever been to a re-education camp? 

Wed, 07/30/2014 - 15:38 | 5023896 El Vaquero
El Vaquero's picture

There is actually reason to not suggest a repeat just yet.  I happen to think that something like that is likely, but as soon as reality starts to reassert itself by shooting a couple of those unicorns, the "market" manipulation might just be turned up a notch or ten.  You and I, not beiing insiders, only get glimpses into how the fed will respond to another looming crisis.  

Wed, 07/30/2014 - 16:00 | 5024038 RiderOnTheStorm
RiderOnTheStorm's picture

One man's cliff is another man's speedbump.  Maybe the author (who set forth the charts) thinks he's the financial world's equivalent to Evel Kinevel and the speedbump doesn't really scare him.  Maybe, just maybe, he's right.   If he is, we should all stop worrying about any perceived potential for economic chaos and focus more on our testosterone levels, chronic erectile dysfunction and whether or not we have too much back hair.  God knows the world would be a better place.

Wed, 07/30/2014 - 15:30 | 5023851 headhunt
headhunt's picture

Quit looking behind the curtain, there is nothing to see.

Thu, 07/31/2014 - 13:16 | 5027953 LithiumWarsWAKEUP
LithiumWarsWAKEUP's picture

So +true+.  'Supply and Demand',,,and of course, the algo that makes it work.

 

Wed, 07/30/2014 - 15:31 | 5023858 youngman
youngman's picture

you cant rely on correlations in this market as there is a big new player in it..the FED..they were not there in 2007...2008....this is a new game with new rules....and they change the rules every day..

Wed, 07/30/2014 - 15:43 | 5023922 headhunt
headhunt's picture

Kind of like a schizophrenic.

Wed, 07/30/2014 - 18:09 | 5024610 spinone
spinone's picture

This time, its different.

Wed, 07/30/2014 - 21:38 | 5025548 exi1ed0ne
exi1ed0ne's picture

On a long enough timeline, it's never different.

Wed, 07/30/2014 - 15:32 | 5023860 Hindenburg...Oh Man
Hindenburg...Oh Man's picture

330 pm pump begins. 

Wed, 07/30/2014 - 15:36 | 5023879 fonzannoon
fonzannoon's picture

If there are rumors of heavy institutional selling and at the same time there is the usual 3:30pm ramp than fuck it all. CB's are stepping in to buy, and we know they ain't gonna be bag holders.

Wed, 07/30/2014 - 15:38 | 5023888 ekm1
ekm1's picture

USD will be the bagholder.

World will continue to avoid it faster and faster.

Wed, 07/30/2014 - 15:46 | 5023938 fonzannoon
fonzannoon's picture

I don't know my man. Does not look that way. It may be fake but the market is working off of the 4% gdp number today. Not the ekm -4% print. The dollar is rising. Yields are rising. Stocks are levitating and taking a breather. 

There is a truce in the derivative war between the banks. The Portugal mess is contained. The Argentenian mess seems to be a buying opp. No triple lehman on the horizon. Unless you see something that no one else sees....and is different from what you saw over a year ago when you trademarked "imminent"

So, what do you see?

Wed, 07/30/2014 - 15:46 | 5023950 ekm1
ekm1's picture

I see assassinations.

Wed, 07/30/2014 - 22:27 | 5025742 Xanadu_doo
Xanadu_doo's picture

I see dead people.

No really...Lots of them. Soon.

At the hands of these maniacs.

Wed, 07/30/2014 - 15:48 | 5023962 ekm1
ekm1's picture

Bank lobby is no longer accepting new members into the money printing club.

 

Oligarchs left out of it will get control of those computers, one way or another, included bullets on heads

 

That's what history tells us

When ultra elite is in civil war, bullets and heads fly

Wed, 07/30/2014 - 15:53 | 5024003 fonzannoon
fonzannoon's picture

is the ultra elite in a civil war? Or the MIC and Potus? Or MIC and Banking?

or did you mean this?

http://www.buzzfeed.com/elliewoodward/orlando-bloom-tried-to-punch-justi...

Wed, 07/30/2014 - 15:56 | 5024020 ekm1
ekm1's picture

MIC and Bank lobby are in civil war

 

Mic wins, Mic always wins

 

MiC had contol of Fed until early 90s when they trusted banklobby.

Bank lobby backstabbed them now

 

Congress and white house are simply waiting to see who wins.

Obama is Buffett's man, banklobby's man

Wed, 07/30/2014 - 23:59 | 5026100 Wahooo
Wahooo's picture

I think I'm going to upgrade to the .308

Wed, 07/30/2014 - 15:40 | 5023911 NOTaREALmerican
NOTaREALmerican's picture

Institutionalize selling,  it's all computers,  it's the Fed,   it's the guy in the cube next to me (who, btw, just sold his Apple stock).   

It's all males,  testosterone, and prostate glands.  

Wed, 07/30/2014 - 15:32 | 5023864 Bloppy
Bloppy's picture

Yet the Burrito Bubble continues (CMG, El Pollo Loco, etc) unabated.

On a lighter note, back to Gaza:

Russell Brand rips apart Hannity in new web tirade: 'Ken doll' 'terrorist' 'with his sheriff's badge':

http://mediaequalizer.com/brian-maloney/2014/07/russell-brand-tears-into...

 


Wed, 07/30/2014 - 17:06 | 5024352 SmallerGovNow2
SmallerGovNow2's picture

Counting on all the Central Americans  coming across the border...

Wed, 07/30/2014 - 17:46 | 5024496 trader1
trader1's picture

Brand is on a roll.

his daily trews clips are fantastic:

https://www.youtube.com/user/russellbrand/videos?live_view=500&sort=dd&v...

Wed, 07/30/2014 - 15:34 | 5023873 Jim Shoesesta
Jim Shoesesta's picture

The only thing that doesnt add up is anyones chart reading ability on this site.  Its a bull market, bull channel, until it isn't anymore.  

Learn to read a chart.  Nothing else matters.  

Wed, 07/30/2014 - 15:43 | 5023924 chunga
chunga's picture

Charts are the only things that matter?

If that's the case then we're beyond fucked. There is no room in my pantry for charts.

Bean run = yes. Chart run = no.

Wed, 07/30/2014 - 16:05 | 5024058 Jim Shoesesta
Jim Shoesesta's picture

The article is about so called divergence of chart information. 

A chart is all that matters for my portfolio. 

Dont like charts? Thats great!!!  Keep reading the news! Keeping running scared before there is anything to run from.

That way I will keep buying and buying while everyone else is selling and buying gold.

And selling gold when everyone was yelling buy the pullback.  

It does not matter that BO stinks. It does not matter than Hamas bombs Israel, it does not matter the polar ice caps are melting, NOTHING matters except the actual performace of the market, unless your not interested in that anywy. 

Been long since the 2010 higher low and nothing says sell, yet.......

Of course, Zerohedge has been sell doom almost the entire bull run.  Unfortunately, what is suppose to be an aggreator of financial, economic and business news has become an agregator of extremism. 

 

 

 

Wed, 07/30/2014 - 16:19 | 5024115 HUGE_Gamma
HUGE_Gamma's picture

It's always been a blog with opinions

Wed, 07/30/2014 - 16:19 | 5024116 chunga
chunga's picture

I didn't junk you friend but it's all fake. Good luck!

Wed, 07/30/2014 - 16:19 | 5024119 Pareto
Pareto's picture

Bullshit.  ZH has never said sell.  More like, exposed HFT's, delineated contradictions, championed liberty, waxed on the benefits of free and unfettered markets, and has schooled inceassantly on the asinine policies of the FED, and Keynesian economics.  You sound like you're the only person in the market - as if your opinion is the only one that matters.  Uh Uh fucker.  Because judging by what you wrote, you actually believe there is a market - demonstrating unequivocally that you've learned nothing about what this site stands for.  And just so we're clear - charts will not stop you from getting your ass handed to you - they are ex post provisions and in no way are a reliable indicator for when this shit show tanks.  Sell jobs are anticipated by precisely the people you condemn - those that never played.  So you watch that bull trend channel and then lets see you exit when it tanks - unscathed - for if you are as good as you say you are it begs the question - "why are you here?"

Wed, 07/30/2014 - 16:27 | 5024163 Quus Ant
Quus Ant's picture

"You know, I know this steak doesn't exist. I know that when I put it in my mouth, the Matrix is telling my brain that it is juicy and delicious. After nine years, you know what I realize?

Ignorance is bliss."

Wed, 07/30/2014 - 18:02 | 5024580 Tall Tom
Tall Tom's picture

Until reality kicks you in the ass....

 

By that time it is usually too late.

Wed, 07/30/2014 - 18:09 | 5024612 chunga
chunga's picture

Did you ever check out Royal Rife Tom?

Thu, 07/31/2014 - 08:43 | 5026706 Agstacker
Agstacker's picture

Go back to CNBC you troll.

Wed, 07/30/2014 - 15:57 | 5024027 HUGE_Gamma
HUGE_Gamma's picture

but we want to catch the top tick!

Thu, 07/31/2014 - 13:21 | 5027968 LithiumWarsWAKEUP
LithiumWarsWAKEUP's picture

Ahh,,,at last.  'Real Truth' about charting. Good job, Jim. <no sarc> :)  arrow up

Wed, 07/30/2014 - 15:38 | 5023891 Ban KKiller
Ban KKiller's picture

So...she was very attractive until the burrito fairy hit her and she blimpled out? 

To the moon...

Wed, 07/30/2014 - 15:47 | 5023960 enforcer92677
enforcer92677's picture

 the burrito fairy hit her and she blimpled out

Literary gold.  I'm going to have to use this in coversation.  Thank you!

Wed, 07/30/2014 - 15:39 | 5023893 Dr. Engali
Dr. Engali's picture

Charts in a centrally planned manipulated market...... Lol.

Wed, 07/30/2014 - 16:07 | 5024065 Jim Shoesesta
Jim Shoesesta's picture

If its centrally planned and controlled, and you basing your decision on all available information, controlled for and planned for the government under the auspices of the NSA, posted here and elsewhere, and not looking at the only piece of information you cannot hide, price action and where the actual market price is, LOL to you my friend. 

 

 

Thu, 07/31/2014 - 13:26 | 5027988 LithiumWarsWAKEUP
LithiumWarsWAKEUP's picture

'up arrow' again, Jim. I've learned,,,learned that I was once ignorant, and lazy. Bad combination, when you try and trade for a living. For me it took 'more work'. I never gave up. I'm glad someone else also understands it is about 'Price'.

Wed, 07/30/2014 - 15:39 | 5023898 ghostzapper
ghostzapper's picture

BTFWTF

Wed, 07/30/2014 - 15:44 | 5023933 El Vaquero
El Vaquero's picture

I think you just summed up the past decade of financial markets.  Well done.

Wed, 07/30/2014 - 15:39 | 5023901 starman
starman's picture

Everybody's on vacation in the Bahamas.

Wed, 07/30/2014 - 15:39 | 5023902 nosoeawe
nosoeawe's picture

"The only thing that doesnt add up is anyones chart reading ability on this site.  Its a bull market, bull channel, until it isn't anymore"

 

Since when does a "bull" market require fed intervention? The only "bull" here is the bullshit coming from the feds and you

 

Signed,

 

Yellen is a super dirty cunt and true bull markets don't require counterfeited USDs and behind the scenes treasury buys by Belgium ala EuroClear to go up

Wed, 07/30/2014 - 15:47 | 5023948 I Write Code
I Write Code's picture

On the Russell, if you adjust for dividends paid I'll bet it would just about fix it.

Everybody is dividend-mad now and most big companies now pay at least a nominal 1-2%, and most smaller companies in the Russell don't pay at all.

Wed, 07/30/2014 - 15:58 | 5024036 Hindenburg...Oh Man
Hindenburg...Oh Man's picture

This thing refuses to hiccup even more than .3 percent down over the past few weeks. Everything is shrugged off. At the same time, the "good" news that used to send this fucker up 1 percent doesn't have the same effect to the upside either. 

 

There does seem to be a pattern of seeling toward the end of the day....followed almost immediately by after hours levitation taking us through the next morning of up and down (starting from an elevated position). 

Wed, 07/30/2014 - 16:40 | 5024216 Jethro
Jethro's picture

It's like a critically dampened function that allows no appreciable oscillation.  I guess if you have enough HFT platforms, tweaking enough market data points, you can smooth out any market corrections.

ETA: Regarding equities.  How will "they" set pricing for every other market?

Wed, 07/30/2014 - 17:29 | 5024450 TeethVillage88s
TeethVillage88s's picture

Washington DC has given the Bankers everything they have asked for since like 1998.

Effective Federal Funds Rate
2014-06: 0.10 Percent (+ see more)
Monthly, Not Seasonally Adjusted, FEDFUNDS, Updated: 2014-07-10

http://research.stlouisfed.org/fred2/series/FEDFUNDS

1) 1913 Federal Reserve gives away US Constitutional Powers to Bankers
2) 1971 after an expensive war, US Goes off of Gold Standard and makes it's way to an Oil Standard based on US Technology to Refine Oil and Saudi Agreement to only Accept US Dollars for their Oil
3) Privatized War, Use Fiat for War, Stimulate Weapons Industry by building Defenses against the USSR (Communist)
4) US Spy Agencies long before merged with Bankers, probably roots back to 1932 at least, but after Church Committee Hearings, Triparty Formed Spy Agencies, Bankers, and Big Oil merge with Big Defense Contractors.
5) Then they just need to Over Turn FDR & LBJ Acts, Worker Rights, Glass Steagal, Un-regulate more public banking and all of Private Banking, and Boom. Badda-Bing-Badda-Boom

Maybe anyway something like that.

There is another Theory that the Secret Military Societies like the Jesuits & Knights of Malta are behind all this (Skull & Bones answer to them).

Stocks & Commodities Pricing?

No Volume, Not Enough Buyers, we might as well put in Technocrats to figure it all out manually.

We'll end up with 400% Inflation on Food, Water, Power, Gas, Diesel, and anything that isn't nailed down.

But some people will still get promotions, salary increases, Bonuses Quarterly... Along with Regional Housing Collapses.

Wed, 07/30/2014 - 16:23 | 5024143 q99x2
q99x2's picture

Reminds me of the time my kite string go caught by a truck on the freeway.

Wed, 07/30/2014 - 16:51 | 5024291 Fuku Ben
Fuku Ben's picture

Last call!

Almost closing time

Wed, 07/30/2014 - 18:19 | 5024638 honestann
honestann's picture

By now, the banksters and their government and corporate buddies have printed fiat oodles and purchased the vast majority of shares in medium to large public corporations.  With so few shares in the hands of "regular folks", even fairly substantial sales by "regular folks" get lost in the noise of fiat buying.

Hence VIX stays low.

Hence interest rates stay low.

Hence stock markets climb higher.

Hence the markets stay calm... until the raging storm arrives.

When the storm arrives, the dumb wise guys (regular folks) will short stocks.  But the federal reserve will just print faster, lend faster and easier, buy bonds and stocks even faster, crash all those short positions, and thereby fleece the regular folks yet again.  The regular folks never learn... they continue to play in known rigged casinos no matter how many times they're cheated.

If there ever is a "debt jubilee", it will come after the central banks print hundreds of trillions, lend it to themselves and their allies, and buy ownership in every productive corporation on earth.  Then when the jubilee happens, they will be official debt-free owners of almost everything of value.

Think I'm kidding?

Wed, 07/30/2014 - 19:09 | 5024919 neuronius
neuronius's picture

It's too late to call a jubilee, methinks.  Too much power has shifted from West to East, and the West no longer has sufficient authority to enforce a jubilee.  The only way a jubilee works is if the folks calling for it (the West) are able to ram it down the creditor nation's (the East) collective throat.  I don't know if that's realistic.  They are trying to call it a "reset," which will likely result in the same thing.  War.

+1 BTW

Wed, 07/30/2014 - 21:34 | 5025533 TeethVillage88s
TeethVillage88s's picture

Scary. I find a ring of truth in that. These roosters think they have worked a little all a round the world. They are Crisis managers. Maybe they are good or addicted to Crisis like a "War Vet".

But the innocent are the ones who always pay the price.

Maybe this is the biggest bite taken in history. True. I don't think it matters how much they plan for this "world crisis coming up"... some of these guy will be caught and detained by the people that they think are guarding them or their escape.

Thu, 07/31/2014 - 02:04 | 5026311 hedgiex
hedgiex's picture

Yes You need to reach a pact with the East and Goldman etc will broker for them. Those dumb asses (people) in the East still thinks it is East vs West and still not awaken to the fact that it is 1% vs 99%.

Wed, 07/30/2014 - 21:21 | 5025458 TeethVillage88s
TeethVillage88s's picture

Yep, it's the Hacienda System, Hacienado System.

Everyone wants to be a "Patron'"

Thu, 07/31/2014 - 03:07 | 5026360 El Vaquero
El Vaquero's picture

More like the Encomienda System:

 

http://en.wikipedia.org/wiki/Encomienda

Thu, 07/31/2014 - 01:10 | 5026234 Armed Resistance
Armed Resistance's picture

I agree 100% that it could happen. But there's a black swan circling out there somewhere. An I forgets to get dotted, a T forgets to get crossed. It will be something we never expect that blows the whole thing to pieces.

Thu, 07/31/2014 - 17:45 | 5029594 honestann
honestann's picture

Perhaps you refer to the 2nd amendment?

Wed, 07/30/2014 - 18:18 | 5024657 Spungo
Spungo's picture

Fucking racist credit markets.

Wed, 07/30/2014 - 18:35 | 5024750 flow5
flow5's picture

I cracked the this economic code in July 1979. Nothing's changed in 100 years. We hit the regular seasonal inflection point last week and are now headed lower. The selloff will be stronger than the traditional seasonal pattern as evidenced by the rate-of-change in money flows (MVt). Buy bonds, inflation will decelerate into Dec.

Thu, 07/31/2014 - 20:24 | 5030356 honestann
honestann's picture

As bonds default, anyone holding the wrong bonds, or baskets of bonds, will find that falling interest rates doesn't necessarily mean profits.

Wed, 07/30/2014 - 18:44 | 5024793 Quinvarius
Quinvarius's picture

The pop culture stock markets are heading for a reality check.  No easy money means no easy stock gains.  That is all stocks care about.  Easy money. 

Wed, 07/30/2014 - 19:12 | 5024931 thismarketisrigged
thismarketisrigged's picture

u guys think todays gdp number was rigged, wait until the month before the elections,  they will report jobs added were 1,000,000 and unemployment is at 1 percent. and ppl will fucking believe it

Thu, 07/31/2014 - 02:09 | 5026317 Bazza McKenzie
Bazza McKenzie's picture

The press and the people in Washington and NY will believe it. The rest of the country knows the reality from their personal experience and that of their friends and relatives.

Wed, 07/30/2014 - 21:07 | 5025409 tyler
tyler's picture

While you all go into your fourth year of commentary like this it might be time to ponder a reflection instead of the same ass prediction type crap that ain't done nothing but lose money for those with a slacker oops I mean stacker mentality.  Can I purchase a put on zerohedge?  Short ZH all the way down punk ass bitchez!

Wed, 07/30/2014 - 21:49 | 5025591 TeethVillage88s
TeethVillage88s's picture

Well, you have had some worries. You don't think you are perfect, I'm sure. I know long term investors who hung on to all or mostly all holdings through the 2008 crash in stocks. I don't know the details since I sold and never got back in to equities.

So, you are glossing over your experience. No, details?

I could see a short term trader getting back into the stocks after the collapse. But it is really only low risk if you are an insider who knows the inside strategy and the inside players.

Or you might be a long term investor who might commit hari cari in the next collapse.

U don't know about exponential debt growth, both in public spending & households? U don't know the GDP has to grow 5.4% each year to keep our credit rating since we have exponential public debt growth?

We R Europe. Our economic growth is over. Unless you like being called the new UK. UK avg wages 18K pounds. nice. UK avg household debt 200K pounds. nice.

see a problem with service economies? Maybe you are NOT US citizen?

Thu, 07/31/2014 - 08:04 | 5026591 Raoul_Luke
Raoul_Luke's picture

That's what technical signals are for.  The trend is your friend...

Thu, 07/31/2014 - 06:29 | 5026477 buzzsaw99
buzzsaw99's picture

don't fire until you see the whites of their eyes bitchez

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