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BofA Is "Growing Concerned", Options Are Signalling A Stock Market Correction Looms
"We are growing concerned about the potential for a pause or near term correction in the S&P500," warns BofAML's MacNeil Curry, as the options market flashes a warning to US equity bulls.
S&P500 volatility warns of complacency
We are bullish stocks, with the S&P500 targeting 2080/2100 into year end. However, in the near term, equity volatility warns of complacency and the POTENTIAL for a correction. Specifically, the VXV/VIX ratio (VXV is the BBG ticker for 3m SP500 Volatility) has reached levels that have often led to a market pause/correction.
While such a pullback would ultimately be corrective, BE ALERT.
Source: BofAML
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Ride 'em high! Ride em low... Look out bottom here we go!!!
For those who are interested: - You can see VIF is higher than both VIN and VIX, but near term VIN is lower than VIX.
VIX (13.31%):
http://data.cnbc.com/quotes/.vix
VIN (12.91%):
http://data.cnbc.com/quotes/.vin
VIF (14.04%):
http://data.cnbc.com/quotes/.vif
BoA sucks and this indicator is spoatic.
A 6 year straight up market has bastardized a lot of reliable oscillators
Gold was up 11 years in a row. This turd can continue floating.
monday is christine legarde's 18/11 numerology 'big change' day. stock market crash engineered, while the G20 is sitting - so they can 'cobble together a response'?
that response is going to be the authorisation to globally corzine all saving deposits
Spoatic? Real word or typo?
My mechanic replaced the spoatic in my car's engine yesterday.
But now the chrome plated muffler bearings are making funny noises.
it's a good time to buy
"Concerned," but "We are bullish stocks" ?? Why do I get the feeling that they aren't nearly as "concerned" as maybe they should be?
because they own the fed (number 3 actually) and they decide. fed is owned by gs, jpm, bac. wells fargo up there also.
The market is not going to crash. It is cheaper for CBs to buy stocks, then to have world economic and financial systems collapse and for banksters to run for their lives.
This is just another in a series of alarmist articles thinking in terms of technical analysis when in real world you have markets in death grip of CBs.
Holding up the stock market is only about maintaining asset values and ensuring that pension funds are not totally under funded.
This propping will not work unless the world becomes cash flow positive.
The stock markets are just a facade that is hiding garbage bins without lids.
US stock market gains are the major driver of consumer spending as wages are deflating and interest rates on deposits are near zero. How can Yellen allow the stock market to falter?
Besides, how can technical analysis predict a manipulated market?
She (Yellen) Can't
It (technical analysis) can't
The only thing to be seen is if they allow a 1-2% ""Correction"" to keep up appearances, or if this thing is just going to grind higher at 0.5% -1% a week.
The predictions of more volatility have been way off, and if you look at the options positions their are still plenty of shorts to juice....
2100 by year end is easy to see. if peace breaks out in the Ukraine could be 2150-2200.
Gave up being short now Beta long with a tight stop.
Curry is an effing retard. Last December he predicted a market crash and higher treasury rates.
http://finance.yahoo.com/blogs/talking-numbers/bofa-merrill-lynch-prepar...
This guy is dangerous to your portfolio and he will NEVER EVER make a good call.
they will continue pumping up the stockmarket until a nuclear missile explodes somewhere in the world. then we will experience a crash.
the western governments can't afford a crash, because it will mean a permanent shift in power in the world. and that is not acceptable for their masters.
In other words, DOW 18k for santa's stupid fat ass enroute.
You mean Kris Kringle... any veiled reference to St. Nick is offensive to our media masters, happy holidays !
For those overwhelmed with ads and using tablet or smartphone turn off JavaScript on the site you will just get content. It is under settings - advanced - content settings in Chrome.
Adblock doesn't always function, this disarms the ad bullshit.
ZH should really tone it down. Over the top.
noscript + adblock plus + adblock plus pop-up addon + disconnect - work perfectly
Uh Yeah, disconnect is looking increasingly attractive. The entertainment to hassle ratio is dwindling. Fuk ads. But like all the other business models we so despise, milk it to death.
"Market Pause". Agree, DOW 7,000, SPX 900 and NAS 1,500. There, now we have value.
Adblock works perfectly on my Mac Powerbook. 0 ads. Iphone and Ipad, not so much. Ugh. Agree, tone it down, too much crap that none of us here even give a shit about. These ads belong on the Yahoo Finance board.
Wake Bullard up.
Bullardish
It must suck when your legacy is "the pawn who makes a dovish commment when markets drop 1%". I'd rather have no legacy than that.
Markets always go straight up when the majority of the people can't afford to invest.
And when they can.....well y'all know the rest
Bulls everywhere rejoice as one of the greatest contra indicators gets Bearish. SPX to 2500 by year end.
If Gartman is bearish SPY to the MOOOOOON.
Raiders of the-not-so-lost Ark . This happened 14 Nov 2014 , two days ago .
http://worldnewsdailyreport.com/ethiopia-ark-of-covenant-reported-stolen...
Somebody is stirring it in a major way .
This theft is going to infuriate Christians , Jews , Islam , North Africa , Saudi's , etc
The fall-out is only just starting .
See
http://andreswhy.blogspot.com/2014/01/fall-of-aksum.html
That worldnewsdailyreport site you keep plugging is the silliest thing I've seen since they stopped printing Weekly World News.
Yeah, somebody is stirring "it" in a major way. Somebody is fishing for gullible silly people. I'm beginning to think it's you.
I have grown numb to all of the false calls and obfuscation from JPM, GS, BOA, et. al. It is their game and we weren't invited to play. But make no mistake, we are all on their game board getting pushed around ... at their leisure ... for now. I prepare my family and I wait.
The JPM who cried wolf. (How does that story end, again?)
I think that he just forgot about all the money fleeing Japan,Russia,China,Europe and all the developing countries.Pretty well from everybody.Look for more money flowing into the New York Stock Exchange is the way I see it.For example,who in their right mind wants to take the gamble of the EUR not dropping to 1.10 or the JPY going to 145?Oh,and I'll take the chance that the Ruble or Yuan is OK.Right now this guy forgot about currency risks.China's in a big risk situation with their real estate that's why the Chinese Communists are finally clamping down on graft and corruption.It's only because all the smart money wants out,hence the 50,000 restriction which everyone is determined to con their way around.Their buying up everything on the Commercial sise first but it's obviously flowing into run down wastelands in Detroit as well.That should tell you how much is coming in.She's all flowing into New York and all the Dollars are returning home.Any drop will just be another buying opportunity anyways because of the global economic slowdown.The U.S. economy has got to climb first or they'll be no recovery ever.
Strong dollar is deflation,QE4 coming up.
Doesn't look like such a good indicator of tops. The low spikes in the ratio, VIX spikes up into normally contangoed futures, works great for bottoms.
My thoughts exactly.....
looks like it is hit or miss for tops...
About 50%, that is the way most this voodoo stuff works......
Stock market correction? How about currency crisis. That's the bigger issue at hand.
And everyone knows this, hence all the hype about the 90% algo-driven stock market.
It goes up, rarely goes down, but in the end it's just a circus clown.
BofA ought to be concerned - about the concentration of criminals in upper management and on its Board. You couldn't find a greater number of incorrigible felons at a Federal SuperMax. And these BofA criminals are not just financial felons either - what these people at BofA do every day results in people dying, both through their facilitation of drug trafficking and through their making families homeless and hopeless. They are thieves and murderers.
You are correct of course. The attorneys who represent them are evil stooges.
Not to mention all the unjailed Countrywide executives they sucked up.
IWMs started their re-roll on the daily Friday -liquidated my 401k on friday
What do you mean by "re-roll"? Tia
Yes, this could be the dead cat bounce. I got some more Gold Thursday and got SRTY Friday for IRAs and 401K, and kids college fund.
Looks like the market has no mo.
The fiat...is breaking up Captain Yellen.
Weekends were made for short'n and Gold.
Never know what Rasputin Putin will put in Sunday before Monday.
Going short (SRTY) is bold in a manipulated market. Good luck with that.
will buy back when Bullard craps his pants again & re-visits QE4
Theres a Tropic Thunder joke in there about you never ever go full Bulltard.......
USD 95!
GO TEAM
Yellen's Song:
"And as we wind on down the road,
Our shadows taller than our souls,
There walks a lady we all know,
who shines white light and wants to show,
How everything still turns to gold,
And if you listen very hard,
A tune will come to you at last...
To be a rock, and not a roll"
And she's PRINTING a stairway... to heaven!
Concern ? Who is concerned ? the preys that have been warned have not listened to switch to physicals, reduce debts, reduce consumption.
Traders are not concerned with whatever spins from charts that do not show the past one week at most of movements in fund flows, volatility and liquidity to scrape the blips.
Predators are not concerned in just keeping the show going.