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Nope, its fundamentals...
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Parabolic blow off. Fun in sin city.
<I love it when they refill the punch bowl with spiked Kool-Aid.>
Uh, no.
The record high for the S&P is 2019.
Today it has only gotten as high as 2013...
Silly shark, they can't distribute their lines of stock unless they get somebody to hold the bag, so of course we'll see new highs as they wiggle the bait.
SO BULLISH, IT HURTS!
Hey CD: I hope you and the family are well. I thought I'd quickly give you a "shout-out" and pass on some good will. Congratulations on your site too. Someone in the office brought it to my attention. You hang in there.
Here are a few decent books to glance over in your spare time (if you haven't read them already). All three are classics.
(1) The History of Money & Banking in the U.S. (By: Rothbard / Mises Institute)
(2) Secrets of the Federal Reserve (By: Mullins)
(3) The Creature from Jekyll Island (By: Griffin)
Anyone in markets (especially today's markets) should read through these to gain a broader perspective on what is occurring today, and why. Let's just say, history indeed repeats.
You take care Buddy.
Elections, NWO vs BRICS in currency wars, Stealth QE from America from now on, Japan went full retard just now, Gold slammd.......
Fundamentals are going the way of the telegraph and the steam engine. There's no place for them in today's economy.
Because they get in the way of making SERIOUS cake!
Fundamentals I have always been vastly overrated as a way of making money. Markets don't hand you money because you can look at a PE ratio because everybody else can do such simple math as that. The markets are game of poker and most of the people at the table are much smarter than you are.
for the past month (dead frog + electrode) keeps coming to mind
Doesn't that combination start to stink, after a while?
Mom and pop retirement money is still pouring into the stock market because of the FED's ZIRP stimulus, 0% interest rates on savings.
So in reality the training wheels are still on the market.
The FED needs to normalize interest rates. Then lets see how well the stock market does.
"great earnings growth and solid fundamentals. valuations are in line with historical norms."
LMAO
src/ off
This market is INVINCIBLE
this market cannot be de-rigged
And the muppetts cannot be de-frigged
Central banking chicanery comes in many forms and from many continents. I predicted the QE grease coming from Draghi .... maybe I just got the timing wrong.
LOOK MA, NO FUCKING HANDS !!!!!
made me laugh
did anyone here that douchebag jim cramer today on cnbc?
he was as bad as he ever has been, and that say a lot.
he was saying how all the ppl who claimed the ''market'' would tank when qe ended were wrong, that this rally is all based on fundementals and profits that companies r making, and nothing to do with qe.
i wanted to fucking punch that man so hard in the face
Meanwhile he was bearish 3 weeks ago, listing all the things that had to happen for the market to start going back up...
now he's taking a victory lap, LOL
guys and gals. please, just btmfd already.
THERE IS NO ROOM FOR A CONTRARIAN IN A PLANNED ECONOMY / MARKET
YOU ARE LONG OR WRONG.....UNTIL A BLACK SWAN FLIES BY
"UNTIL A BLACK SWAN CRASHES INTO YOUR WINDSHIELD"
fixed it for ya
Uh, oh.
I think that black swan is the Obama Administration splattered all over my windshield.
It's going to take a dang big squeegee to clean that mess off my car.
Does anyone have either a Nikkei/Eggs or S&P/Eggs chart that can be posted from time to time?
As Barney Rubble once said: "Ya can't trade this shit"
at this point, does anyone wonder why millenials are pissing on engineering to study psychology?
all you have to do is spend 1 day on ZH to understand why.
it's all b.s. propaganda intent on making you 'toss aside your deflationary mentality' isn't it?
for the record, i wasn't a psych major, but i've banged a few who were convinced they could fix themselves by studying the field.
Yeefucking Haw, time to make some cash money...
The central banks can't let the market normalize they have to keep juicing it with round after round of printing.
Why hold yen?
"S&P 500 Spikes To Record High - How It Got There"
Massive financial fraud.
why do the us markets like jap qe so much? serious question
Here is how the yen carry trade basically works,
Laughable.
I reiterate: A collapsing Japanese government/economy is short-term bullish for US equities.
not sure why you got a red.. i think the cognitive dissonance most practiced around zh is that, as much as it pains me to say, the US is the cleanest monetary dirty shirt in the world, with the strongest (though declining) military in the world, and until that plays out us equities will be sought after internationally, which could take years. rome didn't collapse in a day, or a year.
Lots of anger here on zero hedge. Your poorly conceived conclusions about investing are the problem not the markets! Analyzing markets for 40 years, figured it out 20 years ago, watch and learn.
mama yellen and her printing presses are the problem
but you are right - so take your entire porfolio and go long - we are heading to SPX 2500 - go long with everything you have - borrow if you can
I was long February 22 of 2009 so what you mean is don't make any changes in my investing philosophy.
In 2005 I had a car. It was a real POS. Got it painted, rolled back the odometer (changed the accounting of it) fixed up some minor things to make it run, made it really glossy and shiny, and sold it for way more than it was worth.
You should have seen the poor assed sucker that bought it. I mean, what a fucking fool. He bought this overpriced POS and didn't even know what he was buying. I was laughing all the way to the bank. My neighbor told me I was being dishonest. Fuck my neighbor if he doesn't know how to make money in this market. What law did I break? NONE. I made so much money, I started posting on used car sites that the suckers there are too dumb to engage in the same illicit behavior and didn't know how to make real money, because they were all too concerned about an honest days pay.
Now, the above was my story, which isn't true. But what about my story is different than how you financial hucksters behave?
cool story bro
The "huckster" here would be people peddling bad investment advise and profiting from a foolish group that follow them. How any sane person could miss the boat on what effect economic stimulace has on buisness/consumer spending and hence securities is confusing to say the least.
Swearing is the sign of a small mind lacking in the ability to better express themselves. You're also very angry at the world is not listening to what your mind says it should do. You'll never succeed at speculating if you don't become an observer of the world and how it works. If this were easy stuff everybody would be doing it.
So you are sitting on huge profits. And when are you realizing them? Buying low is only one half of the game, you expert.
So you're sitting on unrealized profits since February 22 of 2009?
Good luck sucker!
A very old and wise stockbroker ask me this when I said I made a killing in the stock market.
DID YOU SELL !!!!!
WELL DID YOU.
These are no 'markets' and if you 'invest' in them then fine go ahead.
These 'markets' are so devoid of investment in anything of benefit to the 99.9999% and is only a pyramid scheme that will eventually come crashing down around the ears of the central banksters and their pals. When will it happen I don't know? They thought tulips were wonderful, they thought the South Sea company was wonderful.
Angkor Wat, the Romans, Aztecs, British Empire....
1929! Im talking about the year not the S &P!
DIVERGENCE.
According to Natixis FICC Research:
http://personal.crocodoc.com/SU8Hy8u
In reality, central banks control only the prices of the assets they buy directly
When a central bank buys an asset directly (often government bonds), it drives up the price of this asset, the demand for which increases.
But the prices of the other asset classes increase only if the economic agents that have sold the first assets to the central bank use the money received to buy these other asset classes.
This transmission of increases in asset prices to all asset classes is therefore unstable, since it depends on the behaviour of investors and savers. Since 2012, we have seen that central banks’ purchases first led asset sellers to buy risky assets (equities, corporate bonds), whose prices rose. But in the recent period, the rise in risk aversion has turned them away from risky assets, whose prices have fallen, and they have invested the money received from the central bank in risk-free assets.
There is therefore no stable monetary policy "risk channel"; the only asset prices that are controlled by central banks in the longer run are those of the assets that central banks buy directly. This could in the future push central banks to buy riskier assets if they want to change their prices in a stable manner.
Central banks’ asset purchases have a direct impact on the prices of these assets
When a central bank buys financial assets, it increases demand for these assets, which directly drives up their prices.
This occurred with purchases of Treasuries and ABS in the United States (Charts 1A and B) and with government bonds in the United Kingdom and Japan (Charts 2A and B), and with the announcement of covered bond purchases in the euro zone (Chart 3).
But the impact of the central bank’s asset purchases on other asset classes is uncertain
- The central bank buys assets (especially government bonds, Charts 1A, 2A and B above).
- It pays by creating money (Chart 4).
- The economic agents that sell assets to the central bank use this money to buy other assets. But they have a free choice: a quantitative easing policy will drive up the prices of the assets that economic agents choose to buy, not the prices of the others.
- We also saw from 2011-2012 until the spring of 2014:
• A tightening of credit spreads (Charts 5A and B, 6A and B);
• A rise in the stock market (Charts 7A and B, 8A and B).
- But investors’ risk aversion has risen since the spring of 2014, (Charts 9A and B): they no longer buy risky assets and the prices of these assets have corrected downwards, whereas long-term interest rates on risk-free government bonds have fallen sharply (Chart 3 above, Charts 10A and B).
Conclusion: The risk channel is not robust
The transmission of the rise in the prices of the assets the central bank buys directly to a rise in the prices of other assets is therefore unstable, since it depends on investors’ attitude and their risk aversion.
The "risk channel" is the mechanism through which the central bank’s monetary creation drives down risk premia.
We have seen that this mechanism is unstable: it functions only if economic agents use the money created by the central bank, in exchange for purchases of risk-free assets, to buy risky assets.
If their risk aversion rises, this mechanism disappears - and so does the risk channel. In that case, the only remaining possibility for the central bank is to buy risky assets directly if it wants to drive down their prices.