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Bonds Don't Believe It's All Over
As stocks soar higher amid dismal volumes, Treasury yields remain trapped in a very narrow range and just slipped lower on the day. It seems bonds don't believe the world's geopolitical carnage is over...
and since crude oil is apparently "contained" - Dow Transports are up over 3% from Friday's lows...
Chart: Bloomberg
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partypoopers.
50% retrace level hit this morning.
Wave two completed?
You know what it means if it is....
Headbanger, I have no idea what it means please educate me.
It's Elliot Wave Theory
In this case the Wilshire retraces 50% of the total (five waves down )drop from the peak 21100 to the low of about 20160 last Thursday
Which is a typical retrace for a Wave Two
Which if it is a completed Wave Two this morning means it will be followed by a Wave Three
And third waves are notoriously fucking horrible epic massive and really not nice waves down!!
Oh the humanity!!!
Now you know
So please send $500 to the Headbanger Charity Ammo Fund c/o Zero Hedge Fight and Gardening Club.
Or just FedEx me 5000 rounds of 308 (or 7.62x51 NATO)
Thanks!
Sell hi-yield
Spreads and prices are at laughable levels
Fifty-day MA phuqed?
Wait til ISIS boats land on the eastern seaboard, that should send the markets up another 10,000 points.
Nothing short of beheading on the floor of the NYSE will suffice.
If it takes ISIL to do that, so be it.
Prolly get a dead head bounce, right after.
LOL
Sick fuck
(meant in spirit of true love)
Wait til ISIS boats land on the eastern seaboard,
I am sure Barry will be there with open arms after his latest round of golf.
Always good to see that you remain optimistic.
I remember my mom telling me about Jersey shore during early WW2, blackout shades, no lights allowed, horseback patrols on the beach... thought she was exaggerating until I read about U-123's exploits...(Operation Drumbeat)
well just another acecdote of another war we shouldn't have been involved in...
Why, yes, yes they are giving the middle finger.
"B" movie can be cool but there needs to be a better ending than this.
BTFD bean berry berry goooood to me.
+100 for early SNL ref, during those few fleeting years when it was worth watching
...Berry berry long time ago...
(long before Berry took on such negative connotations)
1/0
I'll keep repeating this:
Geo-political mess will get worse and worse by the month or week now, unless quantitative easing is fully unwound and another $10 trillion extinguished.
Correct, and this must be accomplished without allowing rates across the curve to rise.
Meh, get Belgium on the phone, they got this...
Saudis will demand a coup in that case.
They can't accept others get funny money to claim their oil
In that case, the Saudis will be extinguished right along with the debt.
hedge accordingly.
An empire survives only by treating allies very well.
...or by complete exterminating them.
Yeah, 'merica has been treating their allies well...
they must love our inflation.
Allies like France lol
That is why we supply them with weapons and military support.
Not enough, not nearly enough.
World is dumping USD. Life will get worse and worse.
And I will repeat myself, QE will never be unwound. The system is fucked.
..what?- you telling me voodoo doesn't cure cancer?
Yes the system is f'd and central banks know it. They will have to sacrifice something eventually and it will crash the stock market or the bond market. My bet is on their wanting to save the debt markets.
The GEAB newsletter called them "phantom assets"
im really enjoying the absurd capping of the phony paper of Silver below $20 per oz...
to think that i can trade worthless paper for real money month after month for 2yrs running at price at least 200% below its TRUE VALUE is both enraging and delightful at the same time...
keep stackin, and thanks for listening.
either these fake " prices" have no effect on the supply, or unreported high premiums are being paid for physical delivery of ton amounts of physical .
The BMO pop up ads won't let me close them. God I hate them. Morons should have been able to program them properly.
Just getting started........................ Just ask Odonothing.
Is it just me, of do we see utter desperation among PM price manipulators slam dunking every up-move, whatsoever.
Super Moon did it.
JPM is really jumping the shark now.
Hah ha ha ha ha
Publish or Perish
has a way of getting some odd stuff in circulation
so, bonds will catch up to stocks, the "new normal"?
Both people and governments have lived beyond their means by taking on debt they cannot repay. Over the last several decades we have created entitlement societies built on the back of the industrial revolution, technological advantages, capital accumulated from the colonial era, and the domination of global finances. Promises were made on the assumption that the advantages we enjoyed would continue.
Ever greater prosperity and entitlements were to be sustained through debt financed consumption growth. In that eerie fantasy world, debt fueled consumption was to be the catalyst to bring about evermore growth. Now reality has begun to come into focus and it is becoming apparent that this is unsustainable. The entitlements and promises that have piled up have become overwhelming. More on why this system will fail in the article below.
http://brucewilds.blogspot.com/2014/08/modern-monetary-theory-is-wrong-d...
Here's some perspective on the recent "correction":
https://uk.finance.yahoo.com/echarts?s=%5EGSPC#symbol=%5EGSPC;range=5y
That's a lot of fuss over a couple of pixels in the top right corner.
https://www.youtube.com/watch?v=UtKADQnjQmc
One man's "pixel" is another man's house in the hamptons...
just saying...
perhaps one should be more concerned with what that pixel is "priced in".
same as it ever was...
Tits.
From the dating ad top L.
I believe it was about mid April when the 67 mandarins of economics were forecasting the ten year bond headed over 3 percent in the next six months..
I read it on Bloomberg but it must have gotten lost on their site since then or something- haha- no matter...
http://www.zerohedge.com/news/2014-04-23/groupthink-or-black-swan-rising...
I wonder what they think of near 2.41 on today's market?- but it hasn't been a full six months yet, so I guess they could still be right..
..just like Japan's Keynesians will be proved ultimately right- sometimes it just takes twenty or thirty years to bake that cake.