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Don't Show The S&P This Chart

Tyler Durden's picture




 

Look away...

 

 

Bonds must be wrong, right?

Bonds are manipulated by the Fed and are not real...

It's stocks that are the ultimate arbiters of truthiness, right!!

Money on the sidelines...

 

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Fri, 12/12/2014 - 12:23 | 5544554 Dr. Richard Head
Dr. Richard Head's picture

That looks healthy. 

Fri, 12/12/2014 - 12:23 | 5544556 timeless21
timeless21's picture

YEAH, let's buy some MOAR

Fri, 12/12/2014 - 12:31 | 5544602 eclectic syncretist
eclectic syncretist's picture

Equities taking a dump on Friday?  Haven't seen that in a while.

Fri, 12/12/2014 - 12:34 | 5544621 Cognitive Dissonance
Cognitive Dissonance's picture

It ain't over til the fat lady (central banker and her minions) sing.

Fri, 12/12/2014 - 12:45 | 5544661 eclectic syncretist
eclectic syncretist's picture

They've been overdue long enough at this point.

Fri, 12/12/2014 - 12:46 | 5544671 SuperRay
SuperRay's picture

We deluded some folks...

Fri, 12/12/2014 - 12:52 | 5544713 TBT or not TBT
TBT or not TBT's picture

Don't worry, the big banks can use their new license to trade derivatives to levitate this bitch for a few more quarters easily.   -long physical beans

Fri, 12/12/2014 - 12:57 | 5544727 Cognitive Dissonance
Cognitive Dissonance's picture

Please, in the name of God and country, soak those beans overnight before cooking. We have enough noxious gas floating around without you adding to the mix. :-)

Fri, 12/12/2014 - 13:56 | 5545085 Pool Shark
Pool Shark's picture

 

 

NSFW = Not Safe For WallStreet?

Fri, 12/12/2014 - 14:15 | 5545181 Element
Element's picture

That's a dangerous myth Cog. Try that with lentils and chick peas and you'll be squirtiin' and blurtin' for at least 2 days from a single serve. If you make the tragic mistake of going for seconds you could end up with the EPA declaring your butt a Level-2 bio-hazard, which is no laughing matter.

Fri, 12/12/2014 - 12:57 | 5544729 Headbanger
Headbanger's picture

Yeah,  that's a deadly chart alright!

I just showed it to my whiner global-warming, anti-police, Hillary loving fuck-tarded neighbor

And they had a lethal brain aneurism!

Moar charts like that please !

Fri, 12/12/2014 - 13:39 | 5544933 tc06rtw
tc06rtw's picture

. . .  when all the outstanding DEBT has been restructured, everything will be fine —

If you have
  survived

Fri, 12/12/2014 - 12:50 | 5544696 will ling
will ling's picture

no, swings.

Fri, 12/12/2014 - 13:02 | 5544751 DetectiveStern
DetectiveStern's picture

Any private trader who times the short right deserves a medal. Although he probably bankrupted himself already...

Fri, 12/12/2014 - 13:23 | 5544888 Nobody For President
Nobody For President's picture

COG, the cbs may have some sore throats right now cheering the passage of the spending bill and Citibanks little derivative gambit that lets the gamblers continue to win and never lose, and won't be able to sing.

Maybe the ramp ain't gonna work this Friday.

Fri, 12/12/2014 - 12:30 | 5544593 Stoploss
Stoploss's picture

.     .

  0

Fri, 12/12/2014 - 12:46 | 5544669 Jumbotron
Jumbotron's picture

Look for "The National Energy and Security Act" to roll Q1 by the Republicans and those Democrats in Energy states.

 

You know......to save the children.

 

Fri, 12/12/2014 - 12:51 | 5544695 NotApplicable
NotApplicable's picture

All industries WILL be nationalized/globalized after they've been thoroughly gutted by the banksters.

As for the children, you're obviously referring to the ones collecting pensions.

Cascading cross-defaults make for a powerful political mandate tool-set.

Fri, 12/12/2014 - 13:45 | 5545016 Jumbotron
Jumbotron's picture

"Cascading cross-defaults make for a powerful political mandate tool-set."

 

That's good and truthy wordsmithing.

 

However....Hizzoner of Chicago said it pithier.....

 

"Never let a good crisis go to waste."

 

 

 

Fri, 12/12/2014 - 12:47 | 5544688 ZH Snob
ZH Snob's picture

it appears BULLARD is the center of the financial universe.

Fri, 12/12/2014 - 13:22 | 5544874 post turtle saver
post turtle saver's picture

there's no such thing as money on the sidelines

Fri, 12/12/2014 - 12:25 | 5544560 Frank N. Beans
Frank N. Beans's picture

yes

true

yes

right.

and the kool-aid flavor of the day is cherry!

Fri, 12/12/2014 - 12:25 | 5544572 SandiaMan
SandiaMan's picture

Liquidate now

Fri, 12/12/2014 - 12:33 | 5544610 GetZeeGold
GetZeeGold's picture

 

 

"Run Forest Run"

Fri, 12/12/2014 - 15:31 | 5545538 Smiddywesson
Smiddywesson's picture

Yes.  When the big banks demand a bailout for merely continuing what they've done for the last five years, you know their arms are getting shaky holding this market up.  I would liquidate all positions now.  Then again, the market in Weimar Germany went parabolic during the last year before the crash.

Fri, 12/12/2014 - 15:31 | 5545539 Smiddywesson
Smiddywesson's picture

Yes.  When the big banks demand a bailout for merely continuing what they've done for the last five years, you know their arms are getting shaky holding this market up.  I would liquidate all positions now.  Then again, the market in Weimar Germany went parabolic during the last year before the crash.

Fri, 12/12/2014 - 12:27 | 5544573 Eagle Keeper
Eagle Keeper's picture

I expect the fed to have an emergency pep talk about now....

Fri, 12/12/2014 - 12:39 | 5544575 cowdiddly
cowdiddly's picture

To me it just looks like a giant crawdads claw sitting on the bottom of a scum pond, open waiting for some little wayward minnows to swim through. But im kinda cornbred like that.

The crawdad pattern/formation.

Fri, 12/12/2014 - 13:19 | 5544868 Whoa Dammit
Whoa Dammit's picture

Isn't that how all "investment" charts look?

Fri, 12/12/2014 - 12:28 | 5544576 alexcojones
alexcojones's picture

Strange, but silver is only thing Not in a freefall.

Why is that?

 

Fri, 12/12/2014 - 12:29 | 5544585 Eagle Keeper
Eagle Keeper's picture

Because no one will sell their phyz...

Fri, 12/12/2014 - 12:46 | 5544667 Kaiser Sousa
Kaiser Sousa's picture

take note of the tight range its traded all week long despite all the fucking chaos thats erupting...
their so fucking obvious...
giving us time to nibble all the while...
fucking sociopath MoneyChangers...
like we r gonna sell...NOT.

Fri, 12/12/2014 - 12:55 | 5544724 Eagle Keeper
Eagle Keeper's picture

I just bought some more....

Fri, 12/12/2014 - 13:08 | 5544790 Kaiser Sousa
Kaiser Sousa's picture

gonna wait for the day b4 the FOMC bullshit festival...
i anticipate they will b pulling their "Charlie Brown" football prank on the phony paper price...

keep stackin bro.

Fri, 12/12/2014 - 12:47 | 5544687 bwh1214
bwh1214's picture

Except bond price which is rising, as the yield chart indicates.  Financially literate? 

Fri, 12/12/2014 - 13:26 | 5544903 Nobody For President
Nobody For President's picture

Because I lost all of mine in a tragic boating accident, and can't sell it...

Fri, 12/12/2014 - 12:28 | 5544582 papaswamp
papaswamp's picture

Dollar devaluation on deck.

Fri, 12/12/2014 - 12:30 | 5544587 nope-1004
nope-1004's picture

+1

Fri, 12/12/2014 - 12:34 | 5544612 Temporalist
Temporalist's picture

There is no such thing as "dollar devaulation" it's just called "moar" which is bettergooder because a true devaluation would make gold and silver skyrocket...right

Fri, 12/12/2014 - 12:38 | 5544635 lasvegaspersona
lasvegaspersona's picture

...and just HOW do you devalue the dollar? A high gold price would kill it not devalue it.

Fri, 12/12/2014 - 12:28 | 5544586 That_shits_broken
That_shits_broken's picture

Get to work Mr. Bullard!

Fri, 12/12/2014 - 12:29 | 5544590 taketheredpill
taketheredpill's picture

 

 

I'd like to designate this technical pattern as a "Coyote".

 

 

Fri, 12/12/2014 - 13:26 | 5544922 Nobody For President
Nobody For President's picture

Redpill, I don't even know why this is funny, but it is.

Maybe it's the wine?

Fri, 12/12/2014 - 12:30 | 5544595 SickDollar
SickDollar's picture

Green line = fake economy

red line : real state of economy

 

Fri, 12/12/2014 - 12:36 | 5544622 trader1
Fri, 12/12/2014 - 12:44 | 5544654 SickDollar
SickDollar's picture

indeed

Fri, 12/12/2014 - 12:36 | 5544597 medium giraffe
medium giraffe's picture

All the King's horses and all the King's men...   (do horses have opposable thumbs?)

But what happens when it gets to the mean?

Fri, 12/12/2014 - 12:31 | 5544598 Disc Jockey
Disc Jockey's picture

Come on now, cliff jumping is FUN!

https://www.youtube.com/watch?v=vSROSencBss

Fri, 12/12/2014 - 12:34 | 5544605 BellevueTrader
BellevueTrader's picture

What yields the most leverage against a market melt down? Excuse me...I mean a couple red shoots...

Fri, 12/12/2014 - 12:34 | 5544613 economessed
economessed's picture

Janet Yellen said she had no reason to be concerned with this chart.  Nobody bothered to tell her she was holding it upside down.

Fri, 12/12/2014 - 12:47 | 5544675 101 years and c...
101 years and counting's picture

that stupid fat cow probably doesnt even know what a chart is.  if her overlords say print, she nods her head.  they tell her not to print, she nods her head.  and in both scnearios, she is rewarded with buckets of gravy and a KFC gift card for $10.

Fri, 12/12/2014 - 12:37 | 5544624 filletandrelease
filletandrelease's picture

what difference does it make at this point anyways?!?!?!?

Fri, 12/12/2014 - 12:39 | 5544631 buzzsaw99
buzzsaw99's picture

stocks = short bus

for your enjoyment, the little yellow bus:

https://www.youtube.com/watch?v=IwwuZr6H1LQ

Fri, 12/12/2014 - 12:39 | 5544639 FieldingMellish
FieldingMellish's picture

Looks impressive but top calling really is a mug's game.

Fri, 12/12/2014 - 12:39 | 5544640 Ban KKiller
Ban KKiller's picture

That exit door, where is it, exactly? Where is the safe haven? 

Sending out 50 shitgums and nailguns was expensive. 

Fri, 12/12/2014 - 12:41 | 5544641 Dapper Dan
Dapper Dan's picture

oh I don't know, I think the S&P is going to try and catch up soon.

(or down as the case may be)

Fri, 12/12/2014 - 12:40 | 5544642 Jim in MN
Jim in MN's picture

Has no one noticed that the oil producing states have to liquidate holdings (primarily of USTs) to execute and/or survive the new OPEC plan of waiting out the US tight oil producers?

Just the Saudis must be selling billions per month to make good. That $750B in the bank is their lifeline and they are USING IT NOW.

At the least, it turns a globally large group of 'savers' (oil surplus) into 'sellers' (oil deficit/smaller surplus).

 

Fri, 12/12/2014 - 12:46 | 5544668 scubapro
scubapro's picture

at least they get to sell high.   

 

there was a good article somewhere about captial flows reversing, oil countries needing capital now vs in the past they sent out capital (from the sale of oil).     its supposed to set up a scramble for capital.  i think it will just make life inthose countries harsh----until prices are cheap enough for western 'investors'  to swoop back in and buy all their real assets.

Fri, 12/12/2014 - 12:48 | 5544685 LawsofPhysics
LawsofPhysics's picture

money is not liquidity is not capital is not collateral...

what part of all fiat will die don't people understand?

Fri, 12/12/2014 - 12:42 | 5544649 scubapro
scubapro's picture

 

 

i love the constant stream of how bonds are bad and so risky and rates must go up b/c the expanding economy is so great and how with the fed not buying rates will just go up.....there is 0 correlation between   the fed buying and interest rates.     a below average year in bond returns is -3%,  a bad year in stocks is -25%.     

ok, muppets, line up, sell us your bonds, buy more 'safe' stocks b/c, hey 10yr ylds are lower than divident yeild---no dont worry that div changes can occur overnight but bonds are a contract---oh and also dont forget there is no inflation, that extrat $3000 per year in health care premia are GOOD b/c its adds to GDP.      its all contained and the fed will help if need be, ignore the part where the fed cut rates all during 2008 while the mkt crashed, that was just a short term 48% anonmaly.

Fri, 12/12/2014 - 12:45 | 5544670 LawsofPhysics
LawsofPhysics's picture

So what you are saying is that interest rates are about to go way up!  Right?

 

/s

 

Fri, 12/12/2014 - 12:53 | 5544718 IridiumRebel
IridiumRebel's picture

VOLCKER THIS BITCH!

Fri, 12/12/2014 - 12:46 | 5544673 Bernoulli
Bernoulli's picture

Why do I start to get the feeling that they will continue with this craziness until all of us are in the asylum??

WHO THE FUCK IS BUYING GPRO WITH ALL THIS SHIT GOING ON???

HOSPITALIZE ME! PLEAAAASEEEE!!!!

Fri, 12/12/2014 - 12:56 | 5544728 buzzsaw99
buzzsaw99's picture

could be the fly. he love dat chit.

Fri, 12/12/2014 - 13:00 | 5544736 firstdivision
firstdivision's picture

He's still alive?  I haven't read his site for a long time.  It was good for a laugh.

Fri, 12/12/2014 - 12:47 | 5544681 AlchemyFinancial
AlchemyFinancial's picture

Yes because after all, everytime we've been here before and had the debate of whos wrong stocks or bonds, it has NEVER been bonds.  Not to mention oil and every other market confirming the bond market.  But this time will be different right?  Sure... http://alchemyfinancials.blogspot.com/2014/12/jingle-bells.html

Fri, 12/12/2014 - 12:56 | 5544726 LawsofPhysics
LawsofPhysics's picture

Are you suggesting that oil comapnies are actually still "for profit"  companies?

/s

Look around the world friend, nationalization in 3...2...1...

Fri, 12/12/2014 - 12:48 | 5544682 AlchemyFinancial
AlchemyFinancial's picture

Yes because after all, everytime we've been here before and had the debate of whos wrong stocks or bonds, it has NEVER been bonds.  Not to mention oil and every other market confirming the bond market.  But this time will be different right?  Sure... http://alchemyfinancials.blogspot.com/2014/12/jingle-bells.html

Fri, 12/12/2014 - 12:52 | 5544709 fuu
fuu's picture

"Hedge fund manager and professional trader in the NYC area. I work as an investor relations consultant for Jim Sinclair and Tanzanian Royalty Exploration."

 

Hahaha.

Fri, 12/12/2014 - 12:49 | 5544697 Goldbugger
Fri, 12/12/2014 - 12:50 | 5544700 ebworthen
ebworthen's picture

"Grease fire in the kitchen! 

Where the hell is that fire extinguisher!"

Fri, 12/12/2014 - 12:58 | 5544732 blown income
blown income's picture

Need more grease stat!

 

Burn the fucker down. .

Sun, 12/14/2014 - 05:15 | 5549815 MeelionDollerBogus
MeelionDollerBogus's picture

Here, have a few gallons of gasoline to put it out!

Fri, 12/12/2014 - 12:50 | 5544703 Paper CRUSHer
Paper CRUSHer's picture

Lets not forget that Bullturd low dollar/yen was at around 105ish.

Fri, 12/12/2014 - 12:54 | 5544720 medium giraffe
medium giraffe's picture

Did we get a circuit breaker yet?

Fri, 12/12/2014 - 13:04 | 5544767 kborz1
kborz1's picture

Noob question, but why are people tieing the 30Y Yield to the S&P 500? They don't seem to be very historically correlated, minus the Bulard and 2008 crash?

Fri, 12/12/2014 - 13:29 | 5544939 A_latvian
A_latvian's picture

Typically, when stocks fall, bond prices rise because of the "flight to safety." Therefore, yields (which is inverse price) usually correlate with stock prices.

This correlation is now gone, and we are in a mystical wonderland of the manipulated market where we have NEVER been before.

Fri, 12/12/2014 - 13:08 | 5544781 Yen Cross
Yen Cross's picture

  The VIX is trading the whopping 20 handle http://www.bloomberg.com/quote/VIX:IND

 sarc

Fri, 12/12/2014 - 13:24 | 5544898 q99x2
q99x2's picture

Forgot to add "It's FED software right?"

Fri, 12/12/2014 - 13:26 | 5544925 A_latvian
A_latvian's picture

To Quote ZH:

"This has never happened before. Ever."

Fri, 12/12/2014 - 14:05 | 5545126 mpath
mpath's picture

You shouldn't be surprised by the drop. It was expected-predicted by the STI (Sentiment Timing Index) and the December 8th day has been the turn date since Thanksgiving week. 

You can wait and try and pick spots to jump in-or you can know exactly when the turns are coming-and SHORT within 5 points of the top on SPX. 

I have been following Woody Dorsey at sentiment timing and I am just amazed at how he has predicted every major reversal-weeks in advance.

September 18th top, was predicted in August (the exact date)

The October 15th reversal was predicted 3 weeks before.

And now his most recent call was for a reversal on December 8th-which has marked the exact top to this massive rally.

Considering his ability of predicting market turns long before they occur, I certainly wouldn’t bet against him.

 

See for yourself--

http://www.sentimenttiming.com/success-stories/

Sun, 12/14/2014 - 05:14 | 5549814 MeelionDollerBogus
MeelionDollerBogus's picture

I've been following my own equation of SPY vs HVU (tsx) which like VXX moves inverse to SPY, DIA, QQQ. Generally for over a year the equation was 256.85 = HVU1/10.55 x SPY yet my last reading came in over 260, indicating HVU is (as SPY goes down, VIX goes up) over 28% higher than the trend equation puts the ETF price). Picture needs updating, however.

Fri, 12/12/2014 - 13:31 | 5544949 ChargingHandle
ChargingHandle's picture

And the USDJPY game is about to start? Popcorn ready

Fri, 12/12/2014 - 13:50 | 5545048 NAP
NAP's picture

what does the VIX look like now?

 

Fri, 12/12/2014 - 16:11 | 5545692 Consuelo
Consuelo's picture

So the sell-by date of a Bullard is only good for about ~2 months...?

Fri, 12/12/2014 - 17:48 | 5546242 estrategy
estrategy's picture

Or show them that 13,000 on the DOW is only 38.2% retracement from the 2009 lows on a monthly chart.  No real buyers until we test 1600 on SPX as well.    

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