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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Bloppy's picture

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

max2205's picture

Belgium must be loading up agai

espirit's picture

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

Berspankme's picture

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

brushhog's picture

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

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.

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.

Squid Viscous's picture

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

espirit's picture

...and I saw a Unicorn shitting Skittles.

Now, which to believe?

espirit's picture

Dup - Maintenance Mode redirect to Utah.

Bam_Man's picture

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

Dr. Engali's picture

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

Stoploss's picture

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

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.....

Dr. Engali's picture

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

NoDebt's picture

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

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.

screw face's picture

MOAR DATA....bitchez

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.

LawsofPhysics's picture

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



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.

Implied Violins's picture

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

Phat Stax's picture

you mean a "permanently high plateau?"

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.

Squid Viscous's picture

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

LawsofPhysics's picture

"Cleanest dirty shirt bitchez"....


(and $100 loafs of bread)

CHX's picture

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

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 . . .

ebworthen's picture

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

S&P 666 true valuation.  Tulips are priceless.

El Vaquero's picture

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

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.

Dr. Engali's picture

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

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...

Catullus's picture

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

4shzl's picture

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

sodbuster's picture

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

Elliptico's picture

Fucking Belgians!

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!

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.

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.

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.