• Sprott Money
    05/06/2016 - 06:03
    The US, in its own decline, is showing this same self-destructive tendency. The worse things get, the greater the inclination of the citizenry to say, “Carry on, everything’s fine.”


Tyler Durden's picture


Deja vu all over again as the 30Y Treasury yield plunges to new 15-month lows (a 3.19% handle!), the US equity market presses on to highs...


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Thu, 08/14/2014 - 14:43 | 5093449 db51
db51's picture


Thu, 08/14/2014 - 14:46 | 5093471 Bloppy
Bloppy's picture

US news media reaches Peak Moron: Kardashian baby girl vs Yazidi baby girl - which one matters?


Thu, 08/14/2014 - 14:50 | 5093493 max2205
max2205's picture

Belgium must be loading up agai

Thu, 08/14/2014 - 19:58 | 5094924 espirit
espirit's picture

This is your hockey stick on Viagra, the other - not so much.

Thu, 08/14/2014 - 15:51 | 5093846 Berspankme
Berspankme's picture

How the hell do you sell 30yr paper at this yield...........oh....wait.... never mind

Thu, 08/14/2014 - 15:58 | 5093876 brushhog
brushhog's picture

You sell it with the right hand and buy it with the left.

Thu, 08/14/2014 - 16:04 | 5093911 SAT 800
SAT 800's picture

Sold two ZB basis Sept. @140.03- Short. This market likes to reverse on spike highs and lows and double tops and bottoms.

Thu, 08/14/2014 - 14:45 | 5093456 jubber
jubber's picture

rumours Russians have crossed into Ukraine hitting the tapes , couold be interesting if true !

So @RolandOliphant and I just saw a column of APCs and vehicles with official Russian military plates cross border into Ukraine.

Thu, 08/14/2014 - 14:55 | 5093520 Squid Viscous
Squid Viscous's picture

yes = hit the tape and the SPX bounced 2 points. good call!

Thu, 08/14/2014 - 20:00 | 5094938 espirit
espirit's picture

...and I saw a Unicorn shitting Skittles.

Now, which to believe?

Thu, 08/14/2014 - 20:02 | 5094949 espirit
espirit's picture

Dup - Maintenance Mode redirect to Utah.

Thu, 08/14/2014 - 14:46 | 5093465 Bam_Man
Bam_Man's picture

Behold his (Mr. Yellen's) mighty hand!

Thu, 08/14/2014 - 14:47 | 5093473 Dr. Engali
Dr. Engali's picture

Let me know when they get to 2.5% and I'll start to offload some.

Thu, 08/14/2014 - 14:50 | 5093496 Stoploss
Stoploss's picture

Sure would suck to find out re-hypothecation found it's way into the bond complex.

Thu, 08/14/2014 - 14:54 | 5093514 NoDebt
NoDebt's picture

Chicken.  I was thinking something with a 1 handle on it.

It's like the old Stooges routine:  

JAPAN!  Slowly I turned, step by step, inch by inch.....

Thu, 08/14/2014 - 14:57 | 5093539 Dr. Engali
Dr. Engali's picture

Greed kills my friend. I never try to capture it all.

Thu, 08/14/2014 - 15:08 | 5093585 NoDebt
NoDebt's picture

I'm talking long term (years, perhaps decades).  Short term I have no idea.

Thu, 08/14/2014 - 16:00 | 5093887 4shzl
4shzl's picture

Very funny and very apt.  I love that routine.

And no, I wouldn't be surprised to see a 1 handle before the next melt down/up is over.

Thu, 08/14/2014 - 14:47 | 5093478 screw face
screw face's picture

MOAR DATA....bitchez

Thu, 08/14/2014 - 14:52 | 5093506 Jayda1850
Jayda1850's picture

I'm still trying to figure out who, besides the FED of course, is buying all this shit. Becoming more convinced that there will be no great rotation. Markets have become so complacent that alot of people are not even taking profits on current positions for fear of missing anymore upside, only adding to new ones. When markets are propped up, people are just going to sit on positions knowing there is a "artificial" limit on losses before intervention kicks in.

Thu, 08/14/2014 - 15:01 | 5093552 LawsofPhysics
LawsofPhysics's picture

yes, an implicit promise by TPTB to cover any risk/losses by stealing from the taxpayers...



Thu, 08/14/2014 - 15:13 | 5093613 Jayda1850
Jayda1850's picture

The FED's actions over the past 5 years and the "market"'s reactions are more clear examples of classical conditioning than anything Pavlov and his dogs could ever come up with.

Thu, 08/14/2014 - 17:42 | 5094349 Implied Violins
Implied Violins's picture

Every time someone says 'BTFD' I start drooling. I used to only do that while napping.

Thu, 08/14/2014 - 15:39 | 5093755 Phat Stax
Phat Stax's picture

you mean a "permanently high plateau?"

Thu, 08/14/2014 - 14:52 | 5093508 papaswamp
papaswamp's picture

Totally unrelated..sort of. Reporters stating seeing Russian APCs crossing into Ukraine.

@shaunwalker7: So @RolandOliphant and I just saw a column of APCs and vehicles with official Russian military plates cross border into Ukraine.

Thu, 08/14/2014 - 14:53 | 5093516 Squid Viscous
Squid Viscous's picture

bullish, lower rates mean more home buyers, Larry Yun said so on Joomberg Radio the other day

Thu, 08/14/2014 - 15:00 | 5093545 LawsofPhysics
LawsofPhysics's picture

"Cleanest dirty shirt bitchez"....


(and $100 loafs of bread)

Thu, 08/14/2014 - 15:14 | 5093618 CHX
CHX's picture

Cleanst is debatable, I'd rather say the strongest fabric...

Thu, 08/14/2014 - 15:03 | 5093557 Keltner Channel Surf
Keltner Channel Surf's picture

Awful trading day, just pathetic vacation-season low-volume horsecrap.  Today's charts look like EKGs of bored middle-schoolers in art class – largely comatose, with occasional lapses into consciousness.  Took 3 hours to get 3 pennies on a trade.  Unlike the aforementioned middle-schoolers, for me September can’t come soon enough . . .

Thu, 08/14/2014 - 15:05 | 5093566 ebworthen
ebworthen's picture

Ah yes...black tulips...people will pay anything for black tulips.

S&P 666 true valuation.  Tulips are priceless.

Thu, 08/14/2014 - 15:30 | 5093700 El Vaquero
El Vaquero's picture

He's talking about black hookers.  You know what's better than roses on your piano?  Tulips on your organ!

Thu, 08/14/2014 - 15:08 | 5093579 SheepDog-One
SheepDog-One's picture

'Stawks rise on Europe data' is the nonsense I'm seeing on the financial whore media headlines.....there is no shame left.

Thu, 08/14/2014 - 15:11 | 5093600 Dr. Engali
Dr. Engali's picture

"Stawks and Bawnds Rise Because Currency is Dying" is a more appropriate title.

Thu, 08/14/2014 - 15:35 | 5093728 huggy_in_london
huggy_in_london's picture

fuck those pricks

Thu, 08/14/2014 - 15:12 | 5093608 CHX
CHX's picture

Well some unfortunate souls will hold a bag of (bonds and/or stox bought at an FATH) one of these days/weeks/months/years(???)... The music plays on and on until...

Thu, 08/14/2014 - 15:17 | 5093635 Catullus
Catullus's picture

Nothing to do with the fact that people can't make delivery on swaps.

Thu, 08/14/2014 - 15:18 | 5093636 4shzl
4shzl's picture

TBT = max pain as the squeeze goes on, and on, and on . . . 

Thu, 08/14/2014 - 15:18 | 5093639 sodbuster
sodbuster's picture

It's all good!!!..............Untill it ain't!!!!

Thu, 08/14/2014 - 15:21 | 5093654 Elliptico
Elliptico's picture

Fucking Belgians!

Thu, 08/14/2014 - 15:35 | 5093736 Bear
Bear's picture

Let's invade!

Thu, 08/14/2014 - 15:25 | 5093673 I Write Code
I Write Code's picture

Well, well.  Article the other day that maybe China wants to sell some of their trillion dollars or so in bonds.  Low yield means high price, China will make a profit, damned capitalists!

Thu, 08/14/2014 - 15:41 | 5093773 Tenshin Headache
Tenshin Headache's picture

I have been wrong many times before, but I think we are about done with this bounce in the S&P.

Thu, 08/14/2014 - 16:20 | 5094005 Simplifiedfrisbee
Simplifiedfrisbee's picture

Making my debut on market predictions. The market is undervalued. Central monetary policy is very strong and risk is contained. I'm liking the situation in Europe. I'm bullish on volatility. It simply means more monetary policy generated.

Thu, 08/14/2014 - 17:12 | 5094235 Ariadne
Ariadne's picture

He who makes lolcats finds snakes in the grass

If your cabal controls 66.6% of the wealth its pretty easy to squeeze the 99% with the rest.

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