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Fool Me Once, Shame On You; Fool Me 4 Times In A Week, Shame On Me

Tyler Durden's picture




 

Now where have we seen this kind of disconnect before?

Today...

 

This week...

 

Charts: Bloomberg

 

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Fri, 10/03/2014 - 13:25 | 5285306 dressguard
dressguard's picture

BTFD!

Fri, 10/03/2014 - 13:43 | 5285382 Aknownymouse
Aknownymouse's picture

Be The Fucking Dummy

Fri, 10/03/2014 - 13:59 | 5285460 RockRiver
RockRiver's picture

Yeah, for the last 1353 S&P 500 points off the low of 2009 you could be the dummy.

 

Do you want to be right or do you want to make money?

 

Who's the dummy?

Fri, 10/03/2014 - 14:26 | 5285628 SeattleBruce
SeattleBruce's picture

"Do you want to be right or do you want to make money?"

You better hurry, so you can catch up with the "money" the bankstas are makin'.  Those charmers are your peeps..

Fri, 10/03/2014 - 14:27 | 5285632 deeply indebted
deeply indebted's picture

Money is not wealth, dipshit. Too bad you won't understand that until it's too late...until that day though, sure, enjoy your "money."

Fri, 10/03/2014 - 15:03 | 5285863 playnstocks
playnstocks's picture

"Money" is overated!

Fri, 10/03/2014 - 15:14 | 5285919 Squid Viscous
Squid Viscous's picture

yes everyone here has been short from 666, good theory fuck face...  

Fri, 10/03/2014 - 16:50 | 5286365 altheatoldme
altheatoldme's picture

Amen, Squid Viscous. Amen...

Following advice on this website would have made us all broke..

but i do feel well informed!

Fri, 10/03/2014 - 16:24 | 5286232 disgruntled hou...
disgruntled housewife's picture

Is it really making money when you hold stock that has gone up? Isn't the money actually made when you sell? If you are just some schmuck what are the chances you will be privy to the info that the top has hit. It's the goal to buy low and sell high right. If you ride the market past the high and then are forced to sell when it hits rock bottom because life is messy what have you gained? I think most people who see the market as a ponzi scheme for the well connected to take advantage of muppets are within their rights to express an opinion. Those in power have crashed the system before for their advantage and I believe certain trends tip their intentions.  The four trends are 1.) the rich get richer 2.) accumulation shifts to speculation 3.) soaring stock market credit  4.) lagging business investment.   The crash will happen- who knows when but for me it is just better to sit it out   Sure it always nice to invest but today's markets really don't seem like investing. I mean look what is happening to younger generations- they are saddled with student debt and crap jobs- will they buy your stock when you are ready to sell? Look at the jobs numbers- who gained the most jobs? The 55-69 year old crowd. Are they going out to buy things- hell no they need to save, save, save. I don't see a bright future. I hope I am wrong.

Fri, 10/03/2014 - 16:27 | 5286242 Hal n back
Hal n back's picture

my crystal ball says when the big boys sell it wil be while we are sleeping and they do it with futures. Leaving the rest of us to wake up and see carnage.

 

there used to be an old rule--be happy withthe middle 60% of a move in that you never hit the top or bottom.

 

I am working withthe middle 40% having given up for the most part. What I have are special situations (ie GPRO) and already have take off 1/2. Mainstay now is pipelines which pay nice and tax deferral. When interest rates go higher want to be on sideliens of that too. So been slowly selling off small chunks.

Problem is, I am left with cash and my phyical metals. Cash in several banks and brokers. Each week as metals go down I move a bit more to metals.

 

A world full of poor choices and I am not sure I want close to everything in metals. Although I argue with myself thats the way to go.

Fri, 10/03/2014 - 19:51 | 5286953 Tegrat
Tegrat's picture

Go for the meat in zie mittle, dont worry about fat on the ends.

That's like saying take all fear and greed out of the trade. They have achieved that with the trading bots.

Fri, 10/03/2014 - 14:53 | 5285805 slaughterer
slaughterer's picture

Sorry Tyler, no reversion of equity to credit plays anymore, Kev' has gone full retard.  

Fri, 10/03/2014 - 14:05 | 5285480 Dr. Engali
Dr. Engali's picture

I don't know why you were junked for that hillarious post. Obviously nobody clicked the link.  

Fri, 10/03/2014 - 14:07 | 5285501 Doubleguns
Doubleguns's picture

PC police? 

Sat, 10/04/2014 - 09:03 | 5288166 markpower49
markpower49's picture

Jon Stewart is progressive filth. I down voted without watching that cretin.

Fri, 10/03/2014 - 13:28 | 5285318 Eireann go Brach
Eireann go Brach's picture

President Ebolama says don't worry about these pesky charts, trust me this is the greatest recovery in the history of the US!

Fri, 10/03/2014 - 13:45 | 5285396 Bell's 2 hearted
Bell's 2 hearted's picture

the one thing i've learned in life ... everything looks great when you're standing in the middle of the fairway ...

Fri, 10/03/2014 - 16:36 | 5286289 Muppet
Muppet's picture

You forget the quotes and attribution to Oblameo.

Fri, 10/03/2014 - 13:48 | 5285410 yield_curver
yield_curver's picture

Greatest recovery in U.S. history? Shit. I can't even afford 2-ply toilet paper anymore.

Fri, 10/03/2014 - 14:39 | 5285718 JimS
JimS's picture

Ah, dude, but.... there's no inflation.... saith the FED.

Fri, 10/03/2014 - 19:23 | 5286906 skipjack
skipjack's picture

Try dollars...

Fri, 10/03/2014 - 13:27 | 5285319 Al Huxley
Al Huxley's picture

This time maybe yields will catch up!

Fri, 10/03/2014 - 13:36 | 5285359 bnbdnb
bnbdnb's picture

Buy the spread.

Fri, 10/03/2014 - 13:40 | 5285375 Bell's 2 hearted
Bell's 2 hearted's picture

10yr yield WILL hit 1%

 

Deflation on tap

 

Learn it

 

Love it

Fri, 10/03/2014 - 13:51 | 5285426 fonzannoon
fonzannoon's picture

It will hit 3% first

Fri, 10/03/2014 - 13:59 | 5285465 Bell's 2 hearted
Bell's 2 hearted's picture

possible ... but i don't see that in the cards

Fri, 10/03/2014 - 14:02 | 5285474 LawsofPhysics
LawsofPhysics's picture

We've tested 3% several times, it has never held.

Fri, 10/03/2014 - 14:03 | 5285485 Bell's 2 hearted
Bell's 2 hearted's picture

housing market would have a heart attack

 

as it is - purchase portion of MBA mortgage application index survey -11% year over year

Fri, 10/03/2014 - 14:09 | 5285516 fonzannoon
fonzannoon's picture

I'm looking for 3.25% on the 10yr and 4% on the 30 yr and if I get that I am moving 40% of my aum into the 30yr

Fri, 10/03/2014 - 14:17 | 5285573 Bell's 2 hearted
Bell's 2 hearted's picture

i've tracked the long end with QE

 

since the recession "ended" - when Federal Reserve balance sheet neutral (no QE) .... interest rates have moved DOWN ... QE (whatever iteration) scheduled to end very soon

Fri, 10/03/2014 - 14:29 | 5285651 Boston
Boston's picture

YES!  

For this and many more reasons, US Treasury yields are headed lower....possibly much lower. But should the 10yr temporarily jump up anywhere close to 3%, I will put much more than 40% of my portfolio into it.....just the way I did the last time the 10yr touched 3%.

Fri, 10/03/2014 - 14:31 | 5285673 Bell's 2 hearted
Bell's 2 hearted's picture

give that man a cigar!

Fri, 10/03/2014 - 14:40 | 5285712 fonzannoon
fonzannoon's picture

You can give each other cigars and long term yields will continue down but first we head towards 3%. 

If we sniff 4% on the 30yr...and we will...go in hard.

Fri, 10/03/2014 - 15:43 | 5286045 Bell's 2 hearted
Bell's 2 hearted's picture

i think the 3% train left the station already ... look at 10yr today ... large up move in equity yet up only 1 bps ... deflation already underway ... like your call if it makes it there ... just don't think yields have much bounce left in them

Fri, 10/03/2014 - 14:35 | 5285695 LawsofPhysics
LawsofPhysics's picture

ditto, all debt is created equal but some debt is "more equal" than others...

last time I check they still want me to pay taxes with dolllars.

Fri, 10/03/2014 - 13:53 | 5285427 Dr. Engali
Dr. Engali's picture

Yep, The ten year will hit 1% and the fed funds will never be above 1% again.

Fri, 10/03/2014 - 14:00 | 5285469 LawsofPhysics
LawsofPhysics's picture

Deflation in everything that is not required for survival anyway.

Energy/food, healthcare, and education, not so much.

Fri, 10/03/2014 - 14:05 | 5285498 Bell's 2 hearted
Bell's 2 hearted's picture

i'm paying 50 cents less a gallon for gas than 6 months ago

Fri, 10/03/2014 - 14:15 | 5285549 LawsofPhysics
LawsofPhysics's picture

LMFAO!!!  Six months isn't shit.  Tell us what you paid 5 or ten years ago.

 

Certainly you hope to live more than ten years?

Fri, 10/03/2014 - 14:22 | 5285610 Bell's 2 hearted
Bell's 2 hearted's picture

my deflation call is for the next 2 to 3 years ... its turn at the plate ... due to asset bubbles popping (already beginning) ... after that? ... making no judgement ... will have to wait and see on policy choices.

Fri, 10/03/2014 - 14:33 | 5285671 LawsofPhysics
LawsofPhysics's picture

No way crude oil stays below $90 per barrel for 2 to 3 years.  Should that happen all kinds of supply-related problems will occur.  Basically, "prices" will be low (defaltion), but it will be difficult to actually get delivery. 

extend this to all assets and the loss of faith (and hyperinflation) won't be far off.

You sound optimistic, I say WWIII or a genuine currency crisis happens first.

Fri, 10/03/2014 - 14:25 | 5285621 nobodysfool
nobodysfool's picture

11 major countries around the world have 10yr bond yields LOWER than the USA!! WTH??

http://www.bloomberg.com/markets/rates-bonds/

No inflation globally, China, slowing, Japan Deflating, geo-political turmoil eveywhere, Health contagions everywhere, US household earning flat-lining....oh yeah Yields are going up in the USA....NOT!

BTDD...yep

Fri, 10/03/2014 - 13:27 | 5285320 carbonmutant
carbonmutant's picture

But everbody else is doing it....

Fri, 10/03/2014 - 13:32 | 5285341 aliki
aliki's picture

SPY monthly looks like shit & IMO is about to go

IWM has looked like shit and if they close back down thru 110 for the week that is exactly what IWM shorts want going into next week

have a nice weekend!

Fri, 10/03/2014 - 13:32 | 5285342 q99x2
q99x2's picture

BTFD the FED's software is immune to ebola.

Fri, 10/03/2014 - 13:33 | 5285350 Bell's 2 hearted
Bell's 2 hearted's picture

between the stronger dollar  and promotional retail ... i can literally feel corporate margins being squished ...

 

.... should help employment ....

Fri, 10/03/2014 - 13:33 | 5285351 Squid Viscous
Squid Viscous's picture

correlation has changed, Tyler missed the memo from 2013... keep banging the drum though

Fri, 10/03/2014 - 13:37 | 5285366 Bell's 2 hearted
Bell's 2 hearted's picture

equity money rides the short bus

 

it will catch on ... later

Fri, 10/03/2014 - 14:13 | 5285541 SheepDog-One
SheepDog-One's picture

Probably Monday, gotta have a unicorn equity close on Friday to placate the sheeple for the weekend.

Fri, 10/03/2014 - 14:49 | 5285779 Keltner Channel Surf
Keltner Channel Surf's picture

Counterintuitively, seems a bit of a European/Asian 'safety trade':  the foreign fixed crowd favors our paper over their overpriced crap, so yields don't spike, while public funds mandated for equity investments see their recessionary future and raise the U.S. allocation, given Yellen's inherent dovishness.

Fri, 10/03/2014 - 13:35 | 5285361 Sardonicus
Sardonicus's picture

Probably a reconnect is coming  

Ebola inmate in Atlanta

http://atlanta.cbslocal.com/2014/10/03/report-inmate-at-cobb-county-jail...

 

Fri, 10/03/2014 - 13:50 | 5285420 Cthonic
Cthonic's picture

The new get out of jail free card.

Fri, 10/03/2014 - 14:02 | 5285477 forwardho
forwardho's picture

The head of the CDC says;

The fact is that if we tried to seal the border, it would not work because people are allowed to travel,” he told ABC. “It would backfire because it would make it harder to stop the outbreak.”

The words don't even make sense.

 

Fri, 10/03/2014 - 13:39 | 5285369 Soul Glow
Soul Glow's picture

SMOKE DMT!  BUY THE DIP!

Fri, 10/03/2014 - 13:42 | 5285380 MykeTheVet
MykeTheVet's picture

If more Americans smoked DMT, they might wake up from the nightmare. 

Fri, 10/03/2014 - 13:40 | 5285371 aliki
aliki's picture

oh, and i love how the dems keep saying the house republicans are obstructing. really? we're spending a trillion $ a year we DON'T have. so if there were no republicans, we'd be spending what, $2 trillion, $3? THAT WE DON'T HAVE.

this country is littered with so many fucktards its unreal - at least ZH ran a piece a few weeks ago about deficit-lying (about how its NOT coming down); trailing 12 months, we've racked-up nearly a fresh $1 trillion in debt.

democratic congressional platform:

1. make sure UE rate has a 5-handle BEFORE

2. make sure national debt doesn't have an 18-handle until AFTER

Fri, 10/03/2014 - 14:16 | 5285564 SheepDog-One
SheepDog-One's picture

The 2 party divide and conquer system still has most all Murkans duped.

Fri, 10/03/2014 - 15:11 | 5285897 Squid Viscous
Squid Viscous's picture

i only watch FOXnews, Megyn Kelly is hot and smart and Hannity is the best -down to earth guy, he even throws a football around on the set...  

Fri, 10/03/2014 - 14:50 | 5285681 JimS
JimS's picture

Don't drink the red/blue kool-aid. The multiple oligarchs are our problem. Both of the "parties" are owned by them. Stay focused on the ball.

Fri, 10/03/2014 - 13:56 | 5285446 StackShinyStuff
StackShinyStuff's picture

Has ANYONE seen a story or a link to anything that talks about when this Liberian Bat-eater in Dallas purchased his plane tickets to come here?  Seems like it's a big secret...

Fri, 10/03/2014 - 13:58 | 5285450 paul steinert
paul steinert's picture

This is an ebola relief rally.  The market has decided to ignore the fear, and embrace the odds that ebola will be contained in the first world countries.

If the market is wrong, buy puts like there is no tomorrow (which, of course, would be the case).

Fri, 10/03/2014 - 14:04 | 5285489 Jason T
Fri, 10/03/2014 - 14:09 | 5285519 saveUSsavers
saveUSsavers's picture

most CORRUPT MARKET & country in US history

Fri, 10/03/2014 - 14:10 | 5285530 jubber
jubber's picture

Dow >17k what a total fucking scam up 350 points from yesterdays lows

Fri, 10/03/2014 - 14:32 | 5285674 max2205
max2205's picture

Awesome, right

BEHOLD!

Fri, 10/03/2014 - 14:35 | 5285692 aliki
aliki's picture

sheepdog-one: thing that sucks about bringing in a 3rd is that its a green-light for dems as it splits the repub ticket. clinton wudda never beat bush sr. withou ross perrot spliting votes against bush sr.

what you say in theory is absolutely 100% correct, but in practice, a REAL fiscal conservative has to win the repub ticket; its the only way IMO (im personally a fan of scott walker; guy took over a state that was $2 billion in the red, broke he unions that were breaking his state, and had them $500 million in the black inside 3 years ... JMO but its going to have to be a governor from a state with a success story thats gonna have the only shot to beat hilary because make no mistake about it, we will be running against her husbands economy at the end of the day. we need someone who has merit to prove their way works in the here & now. again, JMO).

problem we run into is that too many repubs simply don't like ron paul and rand aint his father. simply looking back the past 10-15 years, had we just put a ron paul in-charge of this place, the outcome would have been upside-down different. unfortunately it takes market crashes to get peoples attention - we haven't seen any real legislation since the financial crisis because its not until congress's stocks go down that they actually pass anything & by that time the shits already hit the fan & is all over the walls.

Fri, 10/03/2014 - 14:48 | 5285751 JimS
JimS's picture

Dude: Walker is backed by the Koch brothers, and they are part of the problem. They are a pair from the oligarch clan. They could give 2 shits about you, or me.

Fri, 10/03/2014 - 14:44 | 5285741 falak pema
falak pema's picture

God these Doomers !

Here is a view from the other end of the spectrum :

http://www.marketwatch.com/story/theres-no-bear-market-in-sight-say-dow-...

What disconnect???

Some people don't have the same perception of the Rainbow of perpetual growth ! 

Fri, 10/03/2014 - 14:57 | 5285826 aliki
aliki's picture

jim - while i don't disagree with you, i just look for the guy who gives us the best chance to win even-if it means sacrificing a little. my highschool football coach said in order to get something great u gotta give-up something good. can't get the guy i really want in there so personally i gravitate towards the guy who IMO gives us the best chance to win & get things straightened-out. thing i like about the paul family is that at the end of the day, they want success or failure to be determined by the individual, not the state. JMO tho.

Fri, 10/03/2014 - 16:33 | 5286280 Rouge Trader
Rouge Trader's picture

fLook at the charts today, it almost seems like deja vu like last Friday, and we all know what happened on Monday. 

Fri, 10/03/2014 - 16:34 | 5286281 Rouge Trader
Rouge Trader's picture

Looking at the charts today, it almost seems like deja vu like last Friday, and we all know what happened on Monday. 

Fri, 10/03/2014 - 16:48 | 5286358 Muppet
Muppet's picture

Looking at the charts today, it almost seems like deja vu like last Friday, and we all know what happened on Monday.

Fri, 10/03/2014 - 17:03 | 5286402 Playtime's Over
Playtime's Over's picture

You do realize your Dem shills when you counsel non participation.  You know this coocksucker is bad for the country. So why the backhanded support? The mental beatdown that Obama has wrought is amazing to me.  The marxist and keynsians win.  What are we to do with the "oligarchs".  Just be victims.  I know that the R party is corrupt so vote your conscience.  I'm not ready to take up arms yet. I still love the remnants of this once great country.  Just say no to mogadishu types.

Fri, 10/03/2014 - 18:15 | 5286694 robnume
robnume's picture

Rouge Trader and Muppet +100! LOL!

Sat, 10/04/2014 - 17:24 | 5289302 AdvancingTime
AdvancingTime's picture

While I'm very negative concerning the economy it seems no suggestion of weakness no matter how subtle can exist because it may begin to unravel the already fragile consumer confidence. We should remember this is a long game and the ride may get wild.

Low volume is a gift to the manipulators rigging the market and late in the week bears who have been stopped and chased out tend to stay out. Still to some traders this rally with Ebola and a great deal of uncertainty knocking at our door comes as a surprise.

Bottom-line remains the same, those in power don't want to enter the weekend or a holiday with a bad market. While I think the market is way to high and distorted it is difficult to time a top. More on the reason for bears to be cautious in the article below.

http://brucewilds.blogspot.com/2014/04/bears-have-little-reason-for-conf...

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