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Spot The Odd "Market" Out (Again)

Tyler Durden's picture




 

Today's Sesame Street stock 'market'...

 

Mission Accomplished - Stocks are up and the S&P is green for October...

 

BUT... nothing else is.

JPY carry...

Credit...

Bonds...

 

Just remember what happened into and after the last FOMC...

 

Charts: Bloomberg

 

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Tue, 10/28/2014 - 11:35 | 5386104 Dungholio
Dungholio's picture

Does anything matter anymore...

Tue, 10/28/2014 - 11:35 | 5386113 LawsofPhysics
LawsofPhysics's picture

not much priced in this "market".

Tue, 10/28/2014 - 11:39 | 5386128 firstdivision
firstdivision's picture

Pretty sure society ending is price in.

Tue, 10/28/2014 - 11:42 | 5386148 Save_America1st
Save_America1st's picture

bring it on...this society needs an enema. lol

Tue, 10/28/2014 - 13:03 | 5386469 Keyser
Keyser's picture

you first, I'll watch from a neighboring country... 

Tue, 10/28/2014 - 11:45 | 5386155 LawsofPhysics
LawsofPhysics's picture

Bullshit, otherwise prepper companies and miners would be doing much better.

Tue, 10/28/2014 - 11:40 | 5386132 ZoroAustrian
ZoroAustrian's picture

Only one thing matters.  The US maintaining reserve currency status, and the continued willingness of the financial authorities to relentlessly abuse this status to maintain and increase the portfolio values of the super elite.

The 'market' is tied to the monetary mainline and nothing more.

Until the dollar dies Americans get to have their cake and eat it too, over and over again.  Well just rich Americans, I should clarify.

Tue, 10/28/2014 - 11:49 | 5386170 fooshorter
fooshorter's picture

There was a comment a few weeks ago that just pissed me the FUCK OFF because I knew they were correct.  

This fucking market is the voodoo god to all the lemmings, it hasn't reflected reality since the 90's, it never will, 

Nothing matters anymore just a mass psychossis of buying and praying, rinse and repeat..

Walk the fuck away, thats is the best short you can do, and prepare for the reality that the stock market will hit 30000 when the USA is a 3rd world nation.

Tue, 10/28/2014 - 12:13 | 5386285 KnuckleDragger-X
KnuckleDragger-X's picture

The only way to win is not to play the game. I walked away in 2012 and I don't miss it a bit and I'm a lot happier. My interest in the market is watching to see how far they can push it before it implodes.

Tue, 10/28/2014 - 12:50 | 5386433 s2man
s2man's picture

I walked away when I had recovered from the crash, ~2010.  What I couldn't take out of the 401k is in Sprott Silver and Gold funds.  Yep, all in one basket, but the only one I trust. 

Wed, 10/29/2014 - 03:12 | 5388877 CASTBOUND
CASTBOUND's picture

my best friend's sister makes $80 /hour on the internet . She has been laid off for 7 months but last month her paycheck was $13987 just working on the internet for a few hours. visit site... www.Yelptrade.com

Tue, 10/28/2014 - 11:35 | 5386109 LawsofPhysics
LawsofPhysics's picture

Credit is going to catch up, trust me...  I promise...

the "market" is dead, long live the "market"...

Tue, 10/28/2014 - 11:38 | 5386115 LoneStarHog
LoneStarHog's picture

The Odd Couple is now polygamous, it appears.

Tue, 10/28/2014 - 12:13 | 5386288 KnuckleDragger-X
KnuckleDragger-X's picture

Hermaphroditic.....

Tue, 10/28/2014 - 11:39 | 5386130 SillySalesmanQu...
SillySalesmanQuestion's picture

Seeing green arrows and hearing "we are off the lows" mean it's safe to go back in the water, even though the sharks are still there waiting patiently.

Tue, 10/28/2014 - 11:41 | 5386135 AccreditedEYE
AccreditedEYE's picture

Everything always runs up to meet equities. Doesn't matter if it is minutes hours or days on the charts. Direction has been higher. Short for any length of time and you are toast. The Cartel has set the price. Even the great Stan Druckenmiller has been wrong... There has been ZERO front running the end of QE. Know when to give up on a rigged market!

Tue, 10/28/2014 - 11:52 | 5386178 Bell's 2 hearted
Bell's 2 hearted's picture

stock buybacks + low volume = up

 

things will change ... definitely

Tue, 10/28/2014 - 11:41 | 5386136 nightwish
nightwish's picture

Fucking rigged bear trap market

 

Tue, 10/28/2014 - 11:42 | 5386138 ebworthen
ebworthen's picture

"You're hot and your cold, you're up then you're down..."

Katy Perry showing boobage and leg - playing "dress up" with Elmo:

http://www.youtube.com/watch?v=YHROHJlU_Ng

Nothing wrong here folks, just another day on Sesame Street...

Tue, 10/28/2014 - 11:56 | 5386189 Dr. Engali
Dr. Engali's picture

You're not trying to say that sexing up our youth is a bad thing are you? Because if your are the liberal fascists will come out of the woodwork and condemn you for oppressing their rights to try and fuck up your kid.

Tue, 10/28/2014 - 12:02 | 5386222 Spastica Rex
Spastica Rex's picture

I never found Elmo to be very sexy.

That other Muppet has a voice almost as grating as Elmo's.

Tue, 10/28/2014 - 12:07 | 5386261 Dr. Engali
Dr. Engali's picture

I always found Elmo quite attractive there is something about the color of red that brings out the best in him.

Tue, 10/28/2014 - 11:42 | 5386145 wswarrior
wswarrior's picture

Amazing how there is no downside volatility on up days for the S&P, but there's significant upside volatility on the down days.  Amazing how there is absolutely no profit taking despite the v line to 1970.  This is not even believable.  

Tue, 10/28/2014 - 11:48 | 5386165 huggy_in_london
huggy_in_london's picture

Yep exactly.  I wonder where all the guys that started to get concerned at 1920 are.  Market is full of idiot momentum jockeys

Tue, 10/28/2014 - 12:18 | 5386310 KnuckleDragger-X
KnuckleDragger-X's picture

Your mistake is your looking at the numbers instead of watching CNBC like a good sheep....

Tue, 10/28/2014 - 11:42 | 5386146 Callz d Ballz
Callz d Ballz's picture

It's because it's all FOMC.

Tue, 10/28/2014 - 11:55 | 5386183 Bell's 2 hearted
Bell's 2 hearted's picture

yep ... FOMC meeting concludes tomorrow

 

no way i expected markets to go down in week running up to it

Tue, 10/28/2014 - 11:48 | 5386158 Save_America1st
Save_America1st's picture

phyzz silver still looking awesome as always.  And so damn shiny...can't stop staring at it...must stack more.

whoa...okay, I'm back now.  ;-)

Need to stop by my LCS again today though.  For those of you who don't have a good LCS, stop by SDBullion.com.  Have been using them all year long and they're kicking some ass!  This is not a "plug" for them...I just know they have great prices, low premiums, low shipping and it gets to you fast.  Highly recommended.  Okay, so maybe it is a plug for them...but it's only cuz I care ;-)

http://sdbullion.com/silver/generic-rounds/1-oz-silver-ntr-buffalo-round

Now get out there and stack some phyzz, bitchez!!!  (while you still can for cheap)

Tue, 10/28/2014 - 11:48 | 5386168 Rouge Trader
Rouge Trader's picture

With Goldman coming out with S&P 2050 target and considering what happened right after FOMC in September, something seems fishy here. Whatever happens, Goldman is going to make money. 

Tue, 10/28/2014 - 12:06 | 5386252 Harry Dong
Harry Dong's picture

Churn?

Tue, 10/28/2014 - 11:59 | 5386208 FreeBull
FreeBull's picture

The difference between the stock markets from the other markets is being caused by one thing: Stock BuyBacks

Tue, 10/28/2014 - 12:03 | 5386229 WTFUD
WTFUD's picture

Don't understand most of you folks on here, you believe things are 'very bad ' when in reality they are far far worsererr than that.

Tue, 10/28/2014 - 12:07 | 5386242 GFORCE
GFORCE's picture

Everything in investment is relative and if the market were as easy as buying on good news and selling on bad, or buying on some irrelevant correlation, the world would be day traders.

Bonds as a safe haven are finished. The only market able to soak up large amounts of capital is the U.S. stock market. The real lemmings are those who are investing in other stock markets such as europe.

Believe it or not, this is a flight to quality. Smart investors are losing faith in europe, losing faith in China, losing faith in emerging markets and losing faith in bonds. We also see this confirmed in a dollar rally, so like it or not, the stock market will continue to be propped up- even while europe et al collapses.

The other issue is pension funds. Pension funds have to get out of non-performing bonds and are being chased into stocks (See the Japanese penision fund and its recent allocation changes). 

The U.S. will be the last game and this skewed level of allocation and correlation breaks is because we are still in the early stages of a Sovereign debt crisis. If you want to make money in stocks, learn how to read beyond the paint-by-numbers analysis that is constantly spouted by cry babies, who seem to spend a large portion of their life, bitching about the stock market, while having no skin in the game. 

The crash monkeys have been wrong for 5 years. Get real, follow the tape or get out and do something worthwile with your time!

 

Tue, 10/28/2014 - 12:21 | 5386322 balanced
balanced's picture

"if the market were as easy as buying on good news and selling on bad, or buying on some irrelevant correlation, the world would be day traders."

Wrong! It IS that easy for those with an unfair advantage. But they aren't day traders, they are fraction of a second traders. Have you really never heard of HFTers?

Tue, 10/28/2014 - 12:12 | 5386281 madbraz
madbraz's picture

and what about this...

as the NY FED lends some $10 billion in treasuries to primary dealers at noon, the yields on 10 year bonds go up in a straight line 1 basis point.

 

in other words, NY FED helping primary dealers short treasury bonds of the country who gave them a charter to print money.

Tue, 10/28/2014 - 12:11 | 5386283 eddiebe
eddiebe's picture

Unlimited money=Unlimited power. Until there is a currency crisis tha boyz can do whatever they wish.

Tue, 10/28/2014 - 12:12 | 5386286 nakki
nakki's picture

There is no market just computers trying to even out bank trades. Skimming money just like the boys used to in Las Vegas. At least those psychopaths were interesting, and would treat you well if you were dropping money in their casino.

Tue, 10/28/2014 - 12:13 | 5386290 Goggles Pisano
Goggles Pisano's picture

Not that odd if you are betting on QE4.

Tue, 10/28/2014 - 12:22 | 5386323 LawsofPhysics
LawsofPhysics's picture

Will they come riight out and say they are going to buy equities this time?

Please, do tell, no MBS left to buy, lower need for the treasury to issue new bonds, so what's left to buy?

Go ahead, directly pump up the market fuckers, I dare you.  Go ahead kill the dollar, I triple dog dare you...

Tue, 10/28/2014 - 13:05 | 5386480 ekm1
ekm1's picture

Congress has to visibly change the law for that to happen

Currently Fed is allowed to buy only USTs and MBSs

Tue, 10/28/2014 - 13:54 | 5386663 LawsofPhysics
LawsofPhysics's picture

right, but the Fed's primary dealers can buy whatever they want.

Tue, 10/28/2014 - 15:46 | 5387112 ekm1
ekm1's picture

on extreme leverage

Tue, 10/28/2014 - 14:43 | 5386857 walküre
walküre's picture

A gun to the heads of Congress in the face of a market crash will get the job done.

It worked in 2008 and it will work again. Congress either has no choice but to vote for it or they benefit anyway and will vote their pocket books.

Who is mystery buyer of ES today? Ramping up all indices when QE shutdown is imminent? Last POMO day was yesterday.

FED meeting may give us a short 2-day rally before correction resumes. Just follow the trend on the 10 yr and 30 yr.

Tue, 10/28/2014 - 12:22 | 5386324 orangegeek
orangegeek's picture

gotta wait until yellen shits out her mouth again - then the market rockets, then it tanks

Tue, 10/28/2014 - 12:31 | 5386363 apu123
apu123's picture

One thing I find interesting is that companies that are sensitive to inflationary pressures are getting wacked. Foodstuffs, raw materials and miners are all paying more to produce feeling inflationary pressure squeezing margins. because the party line is no inflation they play it off in the msm like the companies are the problem.

Tue, 10/28/2014 - 12:38 | 5386390 sandhillexit
sandhillexit's picture

There is big stuff happening and it's NOT about the market. (Or maybe it is. Despite the script,  it is an awkward time to have the bottom fall out.) Namely, Germany is now in play.  Mr. Putin gave a 3-hour speech/discussion session at Sochi on Oct 24th to a group on 25 countries discussing the international order.  It was notably different in tone than the annual oligarch ski-outing in Switzerland. It was aimed directly at the German people, explaining what an alternative to the MOAR WOAR international system would look like.  What the world looks like to the average Russian engineer.  He struck the 'reasonable man' standard, despite the sneer from the NYT.  Maybe it looks the same to the average German engineer.

"Let’s ask ourselves, how comfortable are we with this, how safe are we, how happy living in this world, and how fair and rational has it become? Maybe, we have no real reasons to worry, argue and ask awkward questions? Maybe the United States’ exceptional position and the way they are carrying out their leadership really is a blessing for us all, and their meddling in events all around the world is bringing peace, prosperity, progress, growth and democracy, and we should maybe just relax and enjoy it all?  ......

Instead of settling conflicts it leads to their escalation, instead of sovereign and stable states we see the growing spread of chaos, and instead of democracy there is support for a very dubious public ranging from open neo-fascists to Islamic radicals.  

 Why do they support such people? ......I never cease to be amazed by the way that our partners just keep stepping on the same rake, as we say here in Russia, that is to say, make the same mistake over and over.......We sometimes get the impression that our colleagues and friends are constantly fighting the consequences of their own policies, throw all their effort into addressing the risks they themselves have created, and pay an ever-greater price."  

What has been the US response to the speech?   Robert Zoellink had an op/ed in the FT yesterday to remind the Germans that Americans are nice guys and let them re-unify in 1990.  He was there, he said, and they should be grateful.   The NYT followed up with a reprise on old Nazis because....WHY?   That's IT?   

The US has brought the disaster to Libya and Syria, walking distance to Europe really.  And that's IT?

Tue, 10/28/2014 - 14:13 | 5386753 walküre
walküre's picture

Several cases of Ebola in the US, none in Russia

US printing billions of Dollars and enforcing the trade in USD at gunpoint. US dropping half a billion Dollars worth of bombs on Syria and ISIS still advancing.

5,000 protesting in Cologne against radical Islamists. Next protest in Berlin will be even bigger. Anti-Islam groups aligning across Europe and I wouldn't hesitate to include Russia's Anti-Islam factions.

Lastly, the US has a muslim President and is pandering to Islamists everywhere. Destabilizing entire regions so that islamists can come in and terrorize the people.

I won't even get into the false flag attacks of 9/11 which were planned and executed by Americans and Israelis.

Fortunately the truth is out there and the truth is spreading. The old propaganda tricks of the Twenties and Thirties won't sway an entire nation's opinion anylonger.

Tue, 10/28/2014 - 17:30 | 5387498 junius
junius's picture

whoa.  tkae a deep breath and try to relax.

Tue, 10/28/2014 - 13:17 | 5386521 BullyBearish
BullyBearish's picture

"What difference – at this point, what difference does it make?"

Tue, 10/28/2014 - 15:50 | 5387121 CerpherJoe
CerpherJoe's picture

Can you say ... "new record high".

Tue, 10/28/2014 - 19:42 | 5387971 fibonacci's claus
fibonacci's claus's picture

everybody get ready for the christmas sell off!!!  s&p 1650! 

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