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What's Wrong With This Chart?
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
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Pavlov's traders.
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.
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."
Hey there was a comment!
Nothing's wrong with the chart. It's just as Goldman-Sachs likes it.
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.
Looks good to me.
Yellen
Does anyone remember the good ole days when "folks" bought and sold stocks based on reasonable expectations of future earnings?
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.
lol. literally -I read about them in a book once or twice...
You so crazy
How long can the unrigging last?
oy
untill they run out of OUR money
oy
..the unrigging will continue until all bankers have infinite bank account balances.
Oh.. gee, they do already.
Everything
It just never stops, on and on. A fools game to be sure.
The fools are those that allow it to continue, those that allow this counterfeited money to purchase all branches of the government.
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.
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
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.
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
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?
I have had increasing difficulty the last few years distinguishing where "banks" end and "government" begins.
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?
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.
++++
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....
nothing. shorts in treasuries and stocks are getting their nuts handed to them.
"ve don't need no stinkin chartz" - signed, Puppet Master
beyond my understanding...
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...
Silver is a special case lately. Price suppression at this point could cushion the upcoming events. There could be quite a surge in price within a few days....
http://www.ft.com/intl/cms/s/0/8bbf7968-217b-11e4-b145-00144feabdc0.html?ftcamp=crm/email/2014812/nbe/CommodsDaily/product&siteedition=intl#axzz3ABEVB6Xm
http://www.mining.com/participants-in-new-silver-fix-unclear-three-days-before-it-goes-live-26418/
http://news.sharpspixley.com/article/ross-norman-the-new-london-silver-fix-confused-/208123/
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...
Don't shoot the messenger, but in an economic decline, wouldn't you expect industrial commodities like silver to suffer?
Anyone still shorting this market who has a death wish?
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
Its looking exponential. That has to be bullish.
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.
Good point
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.
it's options expiration week ...
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!
...We didn't start the fire...
Happy times are here again ... for the Military Complex, the Race Baiters, The Elitist Pigs, CAIR, Smith and Wesson, The FED, and .gov
See the Nation, Military and Economy has been completely taken over by the NWO. Everything is under control (of criminals).
Save me. Save me from tomorrow
I don't want to sail with this ship of fools.
World Party, 1987.
Yep - but very descriptive of events today . . .
Appears stocks and treasuries moved higher after retail sales data took a nose dive. Market seems to be moving without rhyme or reason.
The only thing wrong is zerohedge's view...for the 10,000th time...yawn
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.
Poor analogy. How many times is the drunk actually injured in the crash (dip)? The sober driver and/or passenger is usually maimed/killed.
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.
The sound of metal bending is deafening.
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
Look at how the ocean has receded and the beach is littered with seashells...
Great opportunity to grab some of those pretty shells!
KHen has the pedal to the metal. Can he turn the bond market?
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.
Pavlovian market response to the prospect of delayed tapper and more QE.
Very true. Up is down, down is up.
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.
the dollar must get real strong as the last safe investment before the system collapses. is this the harbinger of doom?
China getting ready to sell their US bonds.
What will the Ponzi Munchkin do?
You sir, are an optimist.
If you do not buy the dip, then what do you buy? This is an opportunity?
This is THE problem.
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.
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.
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.
Pfff..."retail sales."
What matters is "luxury sales." As long as our oligarchs keep the black metal cards flashing, we's all good.
The Q-2 downward revisions are already starting.
Goldman Sachs cuts Q-2 GDP estimate to 3.7%
That's not a "lady like" spread.
What's wrong with that chart is it doesn't have a Friz Freleng signature on it
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.
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?