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WTF Chart Of The Day: Centrally Planned Confidence Edition
Because nothing says "spend on Black Friday" like a fractionally positive Dow Jones Industrial Average closing in the green with a last minute surge that gets its from red to just barely green... and completely unrigged.
WTF!!!
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Can't go into a holiday weekend with Sheeple thinking stocks can actually go down...
Y E A R 1 9 8 7
I am more worried about 1984 than 1987.
Ah shit. I was waiting for 3:30;(
Day late and a dollar short as usual.
1932, and no production or homesteads with arable land, chickens, and an outhouse.
I've got to admit EKM, this circus is highly reminiscent of the '87 crash.
In 2000 you had the whole tech bubble thing, and I parked most of my investments in cash during December '99.( I should have bought gold and silver, but hadn't found the likes of Z/H yet) Smart traders knew it was going to blow, and middle class America got left holding the bag.
In '87 before the widespread availabilty of financial and geopolitical news feeds, everyone got pimp slapped. When this irrational MOMO trade crashes, we won't have any new fantastic technology to fall back on. We won't be able to print our way out of it either.
It's going to be hyper~stagflation.
If CB's wern't buying stocks right now hand over fist there would be no bid at all.
FUBAR.
I miss your bond charts BoP. The "foreign buying" segments were alway eye opening. Everyone thought it was just the Fed. sucking up inventory.
I realize you put a lot of time into compiling those charts for us, and I for one am grateful, and also gained a better understanding of how the bond markets operate.
Thanks for taking the time to educate us bond novices.
Pricing debt is no different from pricing an equity.
"That which is high stays high. That which is low stays low."
or stock buybacks. it does appear that way.
nasdaq up AH
This should be a drinking game, every time the markets make a miraculous jump take a shot.
Results: Everbody drunk in less than 15 minutes..
Results: Everybody clinically dead in less than 15 minutes..
Same pattern Dax. And CAC
Intersting tid bit
Dutch recently repatriated $4bilion Gold back to the homeland from the US
http://www.dnb.nl/en/news/news-and-archive/nieuws-2014/dnb315314.jsp
This is exactly what I was thinking. After a day like today, nothing speaks Fraud and Phony as loud as todays Dow 30 chart and everyone who has traded for more than 2 weeks knows it.
this market WILL NOT GO DOWN because USFOCKING A is based on consumers spending money they don't have on things they don't need and the bulk of that all happens today. and i'm sure that no matter what, today will be a record for black friday and holiday spending, which means THE CONSUMER IS BACK!! and things are good in the united cozy warm fuzzy mommy states and everything is good and spending is going up as is 'growth'.
they will not let the markets go down.
p.s. santa claus is watching. you better be good, you better just spend. you better not cry, if you know it will never end.
And of course they know what the outcome of the vote about gold is going to be
It's like a pressure cooker where they keep on tightening the valve.
Sanity won't be a slow process.
'Men go crazy in crowds and come to their senses one by one'
The Dow acts like CNBC looks--fake.
Central Banks trying to get in on black Friday deals!
That little cameo rampathon turned my loss into a tidy little profit, heh,heh,heh! By the way, those of us who 'think' the markets are too high please go ahead and short it, my longs need some more fuel.
Get levered long man. Easy money. No reason to work. No reason to be on this site. You got it figured out
I'm not worried about 'the markets' what concerns me is 'The Zimbabwe Proposition'.
enjoy that wheelbarrow full of kindling....long may it burn.
That chart has got to be the funniest of the year.
Winston Smith must have had the runs and barely made it back to his "trading desk" in time.
An American, not US subject.
"Winston! Eat better, as you almost stole Christmas."
Completely unrigged! Ha, Ha, Ha
if someone would shoot yellen in the face with a machine gun, this probably wouldn't happen
just saying
that might give her a little color, make her look like she had some blood in her. maybe she should try some tanning booths?
ever see her infront of a mirror?
Month end.
Magic......