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S&P 500 Spikes To Record Highs As Oil Plunges & Macro Hedgers Fold
The S&P 500 is now up 12.5% from the Bullard lows in mid-October and has broken to new record highs over 2048 - within 2 points of Goldman Sachs year-end target. Since Bullard's comments, the S&P 500 has been up 19 days and down only 5 (and today will be the 23rd day in a row of closing above its 5-day moving-average - a record!) WTI crude oil prices are collapsing back to cycle lows below $75 but perhaps most notable is the plunge in 'implied correlation' - which measures the relative demand for individual stock protection over index macro protection. Implied correlation is at a record low - which suggests capitulation among those with macro overlays (like Carl Icahn)...
S&P at record highs
Up 19, down only 5 since Bullard
As Oil collapses...
and Implied Correlation crashes to record lows as no one wants macro overlay protection any more...
Charts: Bloomberg
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I like money. I buy stocks.
You mean you like money and stocks? Psh, we should hang out sometime.
- Frito Pendejo
https://www.youtube.com/watch?v=DI7pPVJTeSY
Enough with the spamming of that "fly by". What? You don't think ARMY pilots lkke to have fun too? I love flying around Utah, beautiful landscape.
Have you ever tried gardening? I think you would find it calming.
Burt is either a sock-puppet spammer, or the self-propelled tool variety, neither of which is of any value to us (other than seeing what the subject of the spam is).
I use this GreaseMonkey script that adds titles to youtube links, so it is very easy to see what's being perpetrated.
http://userscripts-mirror.org/scripts/show/12113.html
I said get gold back under 1200, shitstick. NOW!
Yuhuuu! #winning!!
Buy phyz dudes, you ll never regret!
Too early for scotch?
Single malt? Hold on. I'll be right there.
Lagavulin. Goes down nice after putting your head in the fan.
Oban 14 FTW!
Lagavulin and Oban are two favorites. The others are Laphroaig and Talisker.
I'm thinking a shot of Crown sounds good right now.
Bullish.
Better buy stocks before there aren't any.
Stoopid shorts, keep believing that the "market" ..... ahem...policy tool..... will be allowed to go down.
Yep, Zero Hedge wrong for 6 straight years (that is a very long time) and running.
To think I pulled my money out of equities when I discovered ZH in 2010.
I guess ZH readers are among the poorest Americans.
Take responsibility for your own actions, dude.
Oh yeah? How does that jive with your observation that banksters criminally manipulate people, huh?
Do you tell the people that get screwed over oand over by bankster manipulation: "Take your responsibilities, dude"?
I've been completely out of the market since 2012, so go ahead and tell me about all the money I missed making while I go about enjoying a nice low-stress lifestyle.
yeah..u you couldve been rich like the rest of the 0.01%
"listen to all...follow none..."
courage...
conviction....
knowledge....
and understanding...
So it's fine to criticize the mainstream media for misleading people, but not ZH?
And if we can't rely on whatever ZH puts out, then why even read it? Why does it exist?
"And if we can't rely on whatever ZH puts out, then why even read it? Why does it exist?"
You don't even see the irony of asking someone else to decide why you should read something do you?
Then you are a fool. Zero Hedge has always maintained the market's direction will be manipulated upwards, they just point out the absurdity of it all. If you were wise, which you weren't, you would have made some pretty good coin by accepting the new reality. I know I'm thankful for a manipulated market and suppressed precious metals. My stacks are much bigger than they would have been otherwise.
Give me a break. That is a lie and you know it. Ask anyone who knows ZH how they would describe the site and 99.9% of those people would reply: permabear.
If we are going to call the bullshit of the MSM, then we have to be consistent across the board.
A little humility goes a long way you know. At least, given ZH's track record (hey, remember the article on why we would never see gas below $3 again?... When was that, a couple months ago?) you would think they'd refrain from making fun of Gartman.
Anyway, judging by the massive drop in readership, I assume others share my assessment...
That plus the fact that the most intelligent posters, who were ZH veterans, were banned...
You seem to confuse articles posted by contributors with the position of the Tyler's.
Now if you want to be critical of anything you should be critical of how this place has turned into a series of thoughtless click-bait articles that do nothing to foster discussion, and I agree that most of the more knowledgeable posters have either been banned or left which is why my time here is about up. I find the fact that people who know nothing about how the system works garner up votes just because they try to sound like an authority to be very disturbing .This echo chamber bores me to tears lately.
Ok. There is something we can both agree on.
And it's unfortunate, really.
Also, I miss some of the commenters that were banned as they were very thought provoking and led me to study quite a bit on my own, pick up the right books, etc.
Aren't you friends with fonzanoon by the way?
I miss him...
Why was he banned?
He was banned because he told the truth. He was critical of Tyler and the fact that the Hedge was sounding like the Huffpo when it came to Ferguson. The Hedge was playing into the MSM fearmongering, and Tyler never mentioned that the same thing happens in reverse on a regulor basis.
Ok.
So this is pretty much what I'm talking about then.
Well I hope the man is doing well. He was one of the main reasons I kept coming back actually.
I still hope to see him when I log in...
and yet you're not...
Wow- just when you couldn't get any more ignorant....
Your statements are fatuous and self-serving. You lost money because YOU made choices, not ZeroHedge.
It's sad that you can't process information in a profitable manner, short or long. For you, a money market is probably your best bet.
Humility? You come here and whine about your losses (which are actually gains that you didn't realize by being in cash) and you speak of humility? Of course it's not your fault- it HAS to be someone elses.....
Priceless.......
I made choices based on misrepresented information. I was 100% in equities before I discovered ZH and began reading the sky is falling articles and charts day in and day out...
You guys are so full of it, this is precisely what you spend your time bitching about on ZH: false reality.
Oh, that and bringing up the fact that fiat money is not real money, which it isn't, that gold is, but keeping track of the value of gold in fiat money all the time...
I some point in my life I realized that the mainstream media was all BS, and I certainly will not refrain from making the same diagnosis here. ZH is not a dogma for me you know.
If fact I am taking responsibility now: I acknowledge that I was fooled by this site and that I was very naive for a long time.
Now I move on.
Its never too late bro. Go all in. Leverage that shit.
"If (sic) I am taking responsibility now: I acknowledge that I was fooled by this site and that I was very naive for a long time."
Normally I don't get baited by such stupidity, but yours is a very special level.
You should really write this stuff out on a piece of paper before you post it- but even then, I doubt it would help.
Dude- this site has NEVER told you to do ANYTHING- ANY AND ALL choices you made with your investments were done ON YOUR OWN- ANY AND ALL of the data posted on this site by Tyler since inception has been 100% accurate. My clients have made money as a result of this site, and I personally have made money far in excess of the S&P index as a result of data I've gleened on this site- it's widely respected by REAL investment professionals as a top-notch data source.
You just aren't very good at investing money- admit it, go back to your MSN boards, no loss here, but at least be a man and take responsibility for your own incompetence.
ROFLMAO!!!! Show me where ZeroHedge has ever told you to sell anything, loser.
Your whining is exactly what ZeroHedge DOES point out- if you don't think for yourself, you deserve to lose.
Sheep- baa baa baa all the way to slaughter......
What about the charts showing the 1929 crash put on top of s&p 500 charts in 2012-2013-2014?
12 day olds dude.
Yup Implied Correaltion is by far the best indicator of risk on/risk off...forget the VIX, this is a true picture of where vols are being bought/sold.
I guess we can scrap that bearish looking 4-month megaphone chart pattern s&p just broke lol
The markets are now more of a myth than Father Christmas
Or Judgment Day and the "second" coming. I've had second comings at the very least. Why don't people pray to me?
Ukrainans 'Happy' for a sock full of 'coal'!!!
We've reached the conclusion of capitalism. One group of individuals own everything in the western world. We now have tyranny M'Fers.
We haven't had true capitalism in 100+ years. We are witnessing the evolution of fascism.
When stocks are bought at higher and higher levels, it demonstrates that humans are no longer wealth creators (i.e. creating capital to a greater degree than destroying it).
need a picture of the negative-correlation chart guy playing on the tracks in front of speeding global QE bullet train
HYG & russell starting to sell off
The fact is that ZH did not see the last 5 years coming and I doubt if the "turn", if it comes, will be accurately timed or explained in advance here.
Fundementals obviously don't matter anymore. SkyNet has taken over and TPTB have finally "broken away" from our civilization. BTFD! BTFATH!
Or not. Everything is upside down right now but a new economy is definitlely being shaped without us.