This page has been archived and commenting is disabled.

What's Wrong With This Chart?

Tyler Durden's picture




 

Presented with no comment...

 

 

Thank you VIX 13 and USDJPY 102.50

 

 

Gentle reminder - the last 2 days have seen the market's trend abruptly reverse at the European close.

 

Charts: Bloomberg

 

- advertisements -

Comment viewing options

Select your preferred way to display the comments and click "Save settings" to activate your changes.
Wed, 08/13/2014 - 11:10 | 5087273 Pairadimes
Pairadimes's picture

Pavlov's traders.

Wed, 08/13/2014 - 11:37 | 5087398 Say What Again
Say What Again's picture

Its not just the US Fed.

The trailer to the original post reminds us;

"Gentle reminder - the last 2 days have seen the market's trend abruptly reverse at the European close."

I would like to add to that reminder there are other very large central banks that are printing fiat currency.  Its not just the Fed.

Wed, 08/13/2014 - 11:58 | 5087526 disabledvet
disabledvet's picture

One is done...the other "only just begun."

Prices are falling so the market rallying on news that the Fed is now tapering while everyone else is monetizing is good news for US equities. Know it's not popular but there is good news for policy success (US response to 2008) and that news has transferred into real money and real growth in the US economy...just not yet (if ever?) to the "jobs market."

The US Fed is on that case too as it has a dual mandate for a reason...namely before Banks and securities firms were separated they were together and that was bad for job creation.

So the Banks want their securities businesses back under one roof...no one should be surprised if the Fed exercises their dual mandate as the Fed's history pre-dates the time when Congress forced that separation back in the Depression.

Not saying this is just a panacea...just saying "if you want know what the USA should be looking like" (without any crisis response to 2008 period) "look at Europe" which in fact RAISED interest rates as their response.

That's with ZERO deposit insurance I might add.

You wanna see what true unfettered capitalism looks like folks? Go to Europe. War with Russia, war with Libya, war over the Sinai? No thanks.

Let's get the US economy moving first...and I think that's how policy makers are trying to respond as well.

The Banks will not lend into a massive debt monetization scheme...but they will lend into taper...or simply put..."you will miss the very idea of recovery."

Wed, 08/13/2014 - 12:01 | 5087546 max2205
max2205's picture

Hey there was a comment!

Wed, 08/13/2014 - 11:49 | 5087477 Syrin
Syrin's picture

Nothing's wrong with the chart.   It's just as Goldman-Sachs likes it.

Wed, 08/13/2014 - 13:34 | 5087962 Carl Spackler
Carl Spackler's picture

This chart is a direct symbol of the broader U.S. economic behavior/results brought on by the [mis]management of Obamanomics and Bernanke/Yellen...

- The accelerating divergence of wealth/benefits between the top of the spectrum and the American working class (f/k/a the Middle Class).

The further the divergence, the more intense the "Great Correction" will be.

 

Note:  If you should buy gold as a hedge against the Great Correction, you must take physical delivery.  It is also suggested that you purchase gold insurance from well-known,  triple-AAA rated underwriters such as Smith & Wesson or Remington. 

Wed, 08/13/2014 - 11:11 | 5087274 junction
junction's picture

Looks good to me.

Yellen

Wed, 08/13/2014 - 11:41 | 5087433 Say What Again
Say What Again's picture

Does anyone remember the good ole days when "folks" bought and sold stocks based on reasonable expectations of future earnings?

Wed, 08/13/2014 - 12:04 | 5087554 NoDebt
NoDebt's picture

I read about them in a book once.  I'm just glad they're over.  That was HARD back then to figure out whether you should buy or sell.  People lost money.  It was a disaster.  Now we just buy when the Fed tells us to buy and everything's good.

Wed, 08/13/2014 - 12:07 | 5087576 EggSlayer
EggSlayer's picture

lol. literally -I read about them in a book once or twice...

Wed, 08/13/2014 - 12:36 | 5087735 Syrin
Syrin's picture

You so crazy

Wed, 08/13/2014 - 11:12 | 5087275 SHEEPFUKKER
SHEEPFUKKER's picture

How long can the unrigging last?

Wed, 08/13/2014 - 11:42 | 5087430 Da Yooper
Da Yooper's picture

oy


untill they run out of OUR money

 

oy

Wed, 08/13/2014 - 14:38 | 5088286 Manthong
Manthong's picture

..the unrigging will continue until all bankers have infinite bank account balances.

Oh.. gee, they do already.

Wed, 08/13/2014 - 11:11 | 5087276 NaiLib
NaiLib's picture

Everything

Wed, 08/13/2014 - 11:11 | 5087277 monopoly
monopoly's picture

It just never stops, on and on. A fools game to be sure. 

Wed, 08/13/2014 - 11:21 | 5087318 RopeADope
RopeADope's picture

The fools are those that allow it to continue, those that allow this counterfeited money to purchase all branches of the government.

Wed, 08/13/2014 - 11:26 | 5087341 Serfs Up
Serfs Up's picture

Wow.  Every time I think I have hit my personal bottom-of-the-barrel of interest and energy for following these """markets""" I find that there's always a way to scrape a little bit deeper.

A stawk ramp on crappy retail and mortgage apps is like the visible hand of the plutos reaching in and rasping away...

Maybe they should be paying more attention to Ferguson and less time padding their own stawk accounts is what I'm thinking.

Wed, 08/13/2014 - 12:46 | 5087764 Rainman
Rainman's picture

speaking of scraping a little deeper .. JPM and BARC are trying to pimp out a motherload of Fitch-rated junk CMBS before the SHTF ..... another 2007 deja vu.

 

http://www.bloomberg.com/news/2014-08-13/wall-street-faces-pushback-on-cmbs-deals-as-supply-booms.html

 

 

Wed, 08/13/2014 - 11:12 | 5087280 LawsofPhysics
LawsofPhysics's picture

You are assuming it actually means anything.  But yes, there is definitely a fucking trade in there.  Thank you. 

 

Simply put, go Kevin, buy everything.

Wed, 08/13/2014 - 11:19 | 5087299 ekm1
ekm1's picture

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

Easy peasy.

Full control of flow by NSA and Fed.

 

Who could beat that?

Market is dead, in the most literal interpretation of the word

Wed, 08/13/2014 - 11:37 | 5087404 Dr. Engali
Dr. Engali's picture

The market has been dead. That's old new. But this from the article:

 

"the U.S. central banking system is ever hit with a crippling cyber attack, a group of roughly 100 government employees working in a three-story fortress-like building next door to a Buick dealership in East Rutherford, N.J., will be among the first to know about it."

 

Does the author not know that the fed is a private entity, and those are not government employees?

Wed, 08/13/2014 - 12:07 | 5087567 NoDebt
NoDebt's picture

I have had increasing difficulty the last few years distinguishing where "banks" end and "government" begins.

Wed, 08/13/2014 - 22:03 | 5090424 ThroxxOfVron
ThroxxOfVron's picture

It IS a fortress you dumbfuck.  WAR is first and formost perdicated on the acquistion or destruction of wealth.

Good ol' Fort Knox was where the Gold has been kept.

Fort Rutherford is where the fiat is kept afloat.

Go to either and try to walk in and the men with the machineguns will chase you away or whisk you away.

They don't want anyone to see what is or is not inside either Fort.  Nor what really goes on therein.

A Fortress for fiat.   Get the picture?

Wed, 08/13/2014 - 11:30 | 5087371 Crash Overide
Crash Overide's picture

Everything is rigged.

Everything is corrupt.

Everything is a lie.

 

The charts, the numbers, the "markets" don't mean anything anymore.

Learn to build things with your hands and grow food.

Wed, 08/13/2014 - 11:33 | 5087387 nope-1004
nope-1004's picture

++++

Wed, 08/13/2014 - 12:21 | 5087659 Rubbish
Rubbish's picture

I'm sure there is a secret spigot of digits, any amount of digits, supplied anywhere anytime to serve the masters.

 

My hands are strong and nibble, my thumb pretty much sucks at being green. I love boating accidents.

 

They cannot take my mind.

 

Gold Bitchez....

Wed, 08/13/2014 - 11:12 | 5087283 101 years and c...
101 years and counting's picture

nothing.  shorts in treasuries and stocks are getting their nuts handed to them.

Wed, 08/13/2014 - 11:14 | 5087297 WarPony
WarPony's picture

"ve don't need no stinkin chartz"  - signed, Puppet Master

Wed, 08/13/2014 - 11:16 | 5087298 The Axe
The Axe's picture

beyond my understanding...

Wed, 08/13/2014 - 11:24 | 5087301 Kaiser Sousa
Kaiser Sousa's picture

yeah, and look at the fucking Fraud Markets rally...
and then look at how Silver is being dumped while the rest of the metals hold serve...all makes perfect sense doesnt it???

i been sayin all along...its Silver that they r using to dissuade the debt coupon dollar dissenters... a complete fucking joke....oh well, more for me and the rest of the liberty seekers.

http://www.kitco.com/charts/livesilver.html

"Gentle reminder - the last 2 days have seen the market's trend abruptly reverse at the European close."

no fucking shit...i been tellin ya'll over and over again...the last hour in London is where the fucking pump begins almost every fucking day...

Wed, 08/13/2014 - 11:45 | 5087417 Kaiser Sousa
Kaiser Sousa's picture

been wondering what kind of bullshit they would roll out b4 the new "FIX" aka manipulative effort is in effect...
this could be part of it or just another day of blatant fraud just because they can...

bankers r sociopaths...their desperation reeks...

Wed, 08/13/2014 - 16:12 | 5088825 Thisson
Thisson's picture

Don't shoot the messenger, but in an economic decline, wouldn't you expect industrial commodities like silver to suffer?

Wed, 08/13/2014 - 11:17 | 5087302 monopoly
monopoly's picture

Anyone still shorting this market who has a death wish?

Wed, 08/13/2014 - 11:23 | 5087330 huggy_in_london
huggy_in_london's picture

They screamed "oversold" when the market pulled back over the course of 11 days...

I hear no one screaming overbought after ripping 50+ handles in 4 sessions....

its a fuking joke.  

When this really crashes it will be armageddon

Wed, 08/13/2014 - 11:28 | 5087361 Tjeff1
Tjeff1's picture

Its looking exponential.  That has to be bullish.

Wed, 08/13/2014 - 11:21 | 5087317 Tjeff1
Tjeff1's picture

People who aren’t bullish are losers and sissies.  People who know nothing whatsoever about stocks are starting to hand out stock tips again—and if that isn’t good news, I don’t know what is.

Wed, 08/13/2014 - 14:24 | 5088228 Snoopy the Economist
Snoopy the Economist's picture

Good point

Wed, 08/13/2014 - 11:21 | 5087322 TideFighter
TideFighter's picture

Jim Cramer vs. a Monkey: who wins? It's been a monkeyed market. 

 

Ok so lets do a year by year comparison of the monkey's stock picks versus Jim Cramer's. The YourMoneyWatch website started tracking Cramer's picks in mid 2005 so they have full year data for 2006, 2007 and 2008.


2006 : 

From the reference above, Mr Adam Monk's 2006 return = 36%
Jim Cramers 2006 picks result +7.67% gain.

2006 winner : monkey


2007 : 
Monkey's Net performance: +1.6%
Jim Cramer's picks for 2007 : +13.81%

2007 winner : Jim Cramer

2008:
Monkey's Total return : -14.4%
Jim Cramer's picks for 2008 returned -29.8%

2008 winner: monkey

So there you have it. The monkey Mr. Adam Monk won in 2006 and 2008 but Cramer won in 2007. 

Results : Monkey wins 2 out of 3 years.

Wed, 08/13/2014 - 11:25 | 5087340 pragmatic hobo
pragmatic hobo's picture

it's options expiration week ...

Wed, 08/13/2014 - 11:34 | 5087348 Tjeff1
Tjeff1's picture

 

 

Hot Wars

Cold Wars

Proxy Wars

Trade wars

ISIS Terrorist states

Race Riots

Poor Retail Sales

negative GDP

Plague

Creeping price inflation

Droughts

Quickly loosing reserve currency status

Foreigners breaking away from us

Debt Saturation & Leveraged Banking

Monster Central Bank Balance sheets

Now, if that is not a bullish list of events, I don't know what is!

 

Wed, 08/13/2014 - 11:38 | 5087414 GooseShtepping Moron
GooseShtepping Moron's picture

...We didn't start the fire...

Wed, 08/13/2014 - 12:12 | 5087600 Bear
Bear's picture

Happy times are here again ... for the Military Complex, the Race Baiters, The Elitist Pigs, CAIR, Smith and Wesson, The FED, and .gov

Wed, 08/13/2014 - 11:28 | 5087358 q99x2
q99x2's picture

See the Nation, Military and Economy has been completely taken over by the NWO. Everything is under control (of criminals).

Wed, 08/13/2014 - 11:29 | 5087364 Jack of All Trades
Jack of All Trades's picture

Save me. Save me from tomorrow
I don't want to sail with this ship of fools.

Wed, 08/13/2014 - 11:37 | 5087410 GooseShtepping Moron
GooseShtepping Moron's picture

World Party, 1987.

Wed, 08/13/2014 - 12:14 | 5087614 Jack of All Trades
Jack of All Trades's picture

Yep - but very descriptive of events today . . .

Wed, 08/13/2014 - 11:30 | 5087370 brushhog
brushhog's picture

Appears stocks and treasuries moved higher after retail sales data took a nose dive. Market seems to be moving without rhyme or reason.

Wed, 08/13/2014 - 11:30 | 5087372 smcapmachine
smcapmachine's picture

The only thing wrong is zerohedge's view...for the 10,000th time...yawn

Wed, 08/13/2014 - 11:57 | 5087514 Eyeroller
Eyeroller's picture

Same way that the parent/spouse/child of a drunk tells the drunk for the 10,000th time not to drive.

The drunk has made it 10,000 times without a crash, so parent/spouse/child is obviously wrong... yawn.

Wed, 08/13/2014 - 12:41 | 5087755 edifice
edifice's picture

Poor analogy. How many times is the drunk actually injured in the crash (dip)? The sober driver and/or passenger is usually maimed/killed.

Wed, 08/13/2014 - 11:31 | 5087376 Rompoculos
Rompoculos's picture

It's that scene from Titanic where the bow sank and everyone rushed to the stern that stood out of the water, for a while.

Wed, 08/13/2014 - 11:39 | 5087418 Callz d Ballz
Callz d Ballz's picture

The sound of metal bending is deafening.

Wed, 08/13/2014 - 11:36 | 5087403 youngman
youngman's picture

It is very strange how nothing is affecting the slow climb upwards..nothing..and how they have killed the PM markets....they are stagnet too

Wed, 08/13/2014 - 13:25 | 5087920 Bendromeda Strain
Bendromeda Strain's picture

Look at how the ocean has receded and the beach is littered with seashells...

 

Wed, 08/13/2014 - 15:27 | 5088575 ozzzo
ozzzo's picture

Great opportunity to grab some of those pretty shells!

Wed, 08/13/2014 - 11:36 | 5087407 Tenshin Headache
Tenshin Headache's picture

KHen has the pedal to the metal. Can he turn the bond market?

Wed, 08/13/2014 - 11:49 | 5087475 FieldingMellish
FieldingMellish's picture

Silver getting smacked now. I expect it to absolutely puke into the new "fixing" system at the end of the week. We might even get that $17 capitulation low.

 

Gold now also being smacked hard. Such quality entertainment.

Wed, 08/13/2014 - 11:54 | 5087504 gaoptimize
gaoptimize's picture

Pavlovian market response to the prospect of delayed tapper and more QE.

Wed, 08/13/2014 - 12:07 | 5087579 brushhog
brushhog's picture

Very true. Up is down, down is up.

Wed, 08/13/2014 - 11:56 | 5087507 Yen Cross
Yen Cross's picture

     Europe and Japan are crumbling. Look at the Pound, Euro and Yen. Everyone is piling into the usd and U.S. equity markets and bonds. I don't see bonds rising much in yield, but the strong dollar  and strong equity markets are cause for concern.

    At some point the reality of the strong dollar hammering away on exports and energy export profits is going to set in.

Wed, 08/13/2014 - 14:11 | 5088159 besnook
besnook's picture

the dollar must get real strong as the last safe investment before the system collapses. is this the harbinger of doom?

Wed, 08/13/2014 - 11:59 | 5087535 Eyeroller
Eyeroller's picture

China getting ready to sell their US bonds.

What will the Ponzi Munchkin do?

Wed, 08/13/2014 - 12:09 | 5087582 LawsofPhysics
LawsofPhysics's picture

You sir, are an optimist.

Wed, 08/13/2014 - 12:06 | 5087572 TrustWho
TrustWho's picture

If you do not buy the dip, then what do you buy? This is an opportunity?

This is THE problem.

Wed, 08/13/2014 - 12:17 | 5087635 DOT
DOT's picture

Moar Corruption,

Moar Manipulation,

Moar Printing,

Moar Chaos.

Bet on this and profit.

The Hedge has been bringing the trading opportunities every day for years.

At first, I was dimayed and depressed. now I am entertained by the sheer magnitude of our human folly.

Every day a reason to laugh out loud.

Every day an insight into our doom and a strategy to skip happily past.

The wheel is spinning! Place your bets.

 

Wed, 08/13/2014 - 12:23 | 5087665 edifice
edifice's picture

I have to agree with this; ZH has been a goldmine of trading opportunities for me, since coming onboard. If a cautionary story is printed about a stock, I buy (TSLA, anyone?) If an exuberant story is printed, I sell. Works nearly every time.

Wed, 08/13/2014 - 13:28 | 5087933 DOT
DOT's picture

I am not much of a contrarian when it comes to the take from ZH. However, the sheer size of the behemouth that sits at the table with "free money" is astounding. My bet is that the muppet will eventually get cleaned out.

Liquidity Crisis? Bet on large infrastructure roll -outs.

Green Attack on Tar Sands? Bet on something less green.

 

Wed, 08/13/2014 - 12:25 | 5087674 mastersnark
mastersnark's picture

Pfff..."retail sales."

What matters is "luxury sales." As long as our oligarchs keep the black metal cards flashing, we's all good.

Wed, 08/13/2014 - 12:28 | 5087687 Yen Cross
Yen Cross's picture

  The Q-2 downward revisions are already starting.

   Goldman Sachs cuts Q-2 GDP estimate to 3.7%  

Wed, 08/13/2014 - 12:46 | 5087774 kchrisc
kchrisc's picture

That's not a "lady like" spread.

Wed, 08/13/2014 - 13:09 | 5087852 Baby Eating Dingo22
Baby Eating Dingo22's picture

What's wrong with that chart is it doesn't have a Friz Freleng signature on it

Wed, 08/13/2014 - 14:57 | 5088378 Jim Shoesesta
Jim Shoesesta's picture

Nothing wrong with the chart at all, if you been long equites since 2009.  

If you being clucking like chicken little since then, well, you no like so much.  

Wed, 08/13/2014 - 15:48 | 5088693 scubapro
scubapro's picture

 

 

consider the change in prices for bonds in a 'bad' month.  now consider the change in prices in stocks in a 'bad' month.  and which is more risky, again?

Do NOT follow this link or you will be banned from the site!