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One Of These Things Is Not Like The Other
As US equity markets explode higher at the open this morning (Dow over 17,300 and S&P testing 2,020) extending the week's gains to 2%, we thought it intriguing that Treasury yields are now lower on the week... long live the Queen (Janet not Elizabeth), long live Jack Ma, and long live quad-witching.
Someone is wrong...
Stocks on the week...
And bonds...
Charts: Bloomberg
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The only reason to follow ZH. There's another trade in there somewhere...
eventually everything is getting bought, no turning back now...
With such little volume supporting this market -- when the sell orders do start flying -- there will be NO ONE to BTFD and it'll flash crash.
I wish someone with a fat Swiss Bank account and a fat finger or two would get behind some Bloomberg terminal and see how much damage he can do "accidently" before he gets kicked out.
"In breaking news, the S&P fell 60% in less than 3 minutes today ... "
Can you imagine the weather forecast in Manhattan?
"Grey with a 100% chance of raining bankers and nailguns."
there are circuit breakers that wont let the markets fall more than 30% in a day....but hopefully, even the circuit breakers malfunction and we do end up down 60% before they decide to shutdown the markets entirely by blowing up some energy grid and having the entire eastern seaboard without power.
Again, in order for such a drop, someone with a significant position has to actually try to sell.
WTF are you smoking??
Who's gonna sell? All the V.C. guys I know have or are taking their pounds of flesh already.
You really think interest rates on government paper can rise with so many dependent on SNAP for food and fuel?
Do tell...
Absolutely right! Rates will go up when the jobs come back to the US.
On another note. Who is the TROLL downvoting everyone and their comments? I'm betting is foneystar.....
"Selling" has pretty much been outlawed as the real power players have already left the building...
i.e. there are no more majority stake holders left that would sell, it's all 401k sheep, primary dealer, and government players now. None of these folks are going to be selling anytime soon. remember, the majority of people with retirement plans at work are in fact forced to buy in.
Yeah, good to be optimistic, but I don't see Jamie or Lloyd getting whacked anytime soon. This is why the underlying currency will become the problem. The "market" will never go down, what's it's priced in will fucking die.
Manic phase Mr. Sulu. Warp eight 666.
Fraud-witching to me....fuckin ridiculous...
the scotland vote is now over and that hope of crashing this house of cards has come and gone...
man Jack Ma is one ugly mutha...
These are not the droids drones divergences you're looking for.
Insanity is self perpetuating, self affirming and always perfectly logical to the insane.
You have to love divergence. ;-)
Great movie. i really liked the little retarded kid who played the banjo. Classic. And who can forget Ned Beatty's role as the little pig?
You got a purdy mouth, boy. (Perfect example of how the inbred elites think)
Buy everything! I don't care what it is... if it's made of paper buy it! Buy, buy, buy, lever up, lever up, lever up, and while you're at it buy some iCrap too! Just fucking buy!
I am looking to buy tulip bulbs today.
Today only, buy 6 and get none.
Hurry! Offer ends at 4 PM EDT
The federal Reserve has to keep this market going higher.
Zimbabwe envy.
Can you believe they let us reload on long tbonds?
was thinking the same thing. I know many buying into this dip. One thing is certain, interest rates on government paper cannot rise. The unfunded liabilities are what they are. remember, the SNAP cards must be able to cover that "lack of inflationary pressure" in food and fuel. If they can't, then and only then would you see some real rioting.
Want to hedge some just before bogus PRE-ELECTION jobs number. These fokkers are easy.
How many books will Janet have to write in a few years justifying how it wasn't her fault that she presided over one of the biggest central bank induced asset bubbles ever?
Zero rates and macroprudential sleeping at the switch. Nice.
Bonds are for gaylords. Real men buy stocks.
Real men have inside information, buy low and sell high and turn that profit into real capital and assets.
Like scottish men voting for freedom.
Sorry, off topic but ..... http://www.nytimes.com/2014/09/20/business/household-net-worth-has-rebounded-since-financial-crisis.html
I didn't know she smoked crack.
more wealth effect propaganda...
< shocker >
Soros's Martingale short stategy sure hit a bump. Time to double down again George.
Buy gold with Yen - you can't lose.
i seriously want to fucking puke watching these rigged fucking markets.
if we had been down yesterday the amount we were up, u can bet everything that we would have wiped away all those losses by the open.
however, since we were up yesterday, of course ''investors'' dont want to take profits and keep pumping this shit up.
it makes me fucking sick.
question is, if it was always so easy to keep a ''market'' from crashing, why was there every crashes to begin with?
Market may stay up thru options expiry today, but she'll give it up on Monday with 22 billion in new supply this week and seven billion next week.
Yes, but now there is Alibaba booey pushing it higher.
Ratio = Total Market Cap / GDPValuationRatio < 50%Significantly Undervalued50% < Ratio < 75%Modestly Undervalued75% < Ratio < 90%Fair Valued90% < Ratio < 115%Modestly OvervaluedRatio > 115%Significantly OvervaluedWhere are we today (09/18/2014)?Ratio = 124.4%, Significantly Overvalued
But don't worry keep on buying the dip, because we haven't hit the all-time high of 150% set in 2000. On the plus side GDP has grown 7 trillion in that time. Unfortunately "our" debt has increased 12 trillion.Despite agreeing with just about everything bearish I read here at ZH, I see many of the F500 stocks as being fairly valued. MSFT, GOOG, VZ,T for example all have reasonable values. If rates stay low, it makes more sense to have vz or T than bonds. If the economy does turnaround, it could go up a lot more.