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Premature Extrapolation: Did The Santa Claus Rally Come Too Soon?
Even CNBC has grown apathetic at the all-time-higherest moves in stocks...
Another day, another rally, another BTFD in Biotechs (why? because they are down, durr), and another record-er-est high in stocks... This is the strongest 6-day rally since July 2010
Did The Santa Claus Rally Already Happen?
But it ended ugly... with the S&P red!!
Stocks rolled over after the 7Y Auction surprised with its resilience amid low liquidity...
As Biotechs bounced...
Algos got confused at the esrly close in Europe... and took a while to catch on to how strong the auction was...
Russell 2000 hitting new highs as HY and HYG are not...
But healthcare (which includes Biotechs) is the laggard along with Energy so far this week as Utes lead the way...
Treasuries rallied back late today to unchanged after early weakness (chatter of rate lock hedges ahead of exuberance-based HY issuance coming next week sent rates up)... following today's auction
And then there's this...
The USD slipped lower on the day...
Crude slipped back below $56 - down 3% on the day...
Despite USD weakness, commodities slipped lower in general...
Charts: Bloomberg
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When I do, I just say "sorry, that's never happened before."
This is what happens when you dont take the kosher viagra.
Yes, but I don't have anyone keeping charts of how many times it has really happened.
Lets see my last weeks market preview was 100 percent so mayby i am a fortune teller or a rocket scientist now to this week comming up monday I feel pain in all the markets after a major false flag event in the USSA dow and SP crater precious metals dump to cover all the pain oil at 40.
It's all good in the world of bungee jumping till the frigging cord snaps...
Boing boing.....thud.
It's coming....
https://aadivaahan.wordpress.com/2014/12/24/oh-for-christs-sake/
ORI raps! (good to see you)
Stringing ordinary words is a drag SB ;-) grazzi...
Indeed, describing these times with ordinary sequences of words is like drinking non-alcoholic beer - there's a kick missing. ;-)
BTW I heard that Sploogle is opening a new campus in Hyderabad. That can only mean one thing - shitloads of Hyderabadian families w/ both young parents working and junior being sent off to pre/post/fuckyou-skool, and late nights for Bay Arean Sploogle employees driving the "offshore teams."
Three queers for our globalist overlords.
.
As expected by all, except 'americans', exporting 'freedom' resulted in the depletion of that resource in the Pindostan homeland.
Those citizens who questioned,
those suspect harborers of doubt,
were brought before a panel
of the Ministry of Health.
They were tested and encephalographed
'til rendered quite insane,
when, in accordance with the laws,
they reprocessed their brains.
http://www.youtube.com/watch?v=IBI-pBJg7aI
What an interesting band 4th. ZHers have led me into the strangest rabbit holes on the net.
i fucking hate the holidays. i work with some of the biggest back stabbing bunch of ass kissers. one of the ringleaders decided it would be a great idea to sing feliz navidad to all the patients while they received their infusions. like its real cool to sing to people when your not talking shit and stabbing them in the back. their christamas party- they decided to do "skits" and everyone had to read from a script to participate. if you objected you were labled as not being a team player and eventually get fired. no joke ive seen it happen. these are the people in charge folks. a bunch of sociopaths
I suppose there's always the 'Take This Job & Shove It' route. That might be something to consider.
Sung by a guy named Paycheck, right?
In a chronological and factual continuation, his son's name would be EBT. If the family is muzzie, the kid's name would be EBT Bin Paycheck.
Well I did try it at kereoke one night.
Feliz Navidad!
Well, at least your co-workers are unmasked sociopaths. When I work on teevee news, you'll never know where the sabotage might happen because they're always "on" and ready to either fuck or stab you when you turn your back. Do your Secret Santa, take your paycheck and eat your daily shitburger. Happy Axial Tiltmas!
I'm sorry your life is so bad.
I'll buy you a one way ticket to Monrovia if your situation is that bad.
sheeit. im in the inland empire. maybe i will buy you a ticket my friend lol
When the market crashed in 87 nobody here gave a shit. After 08 made my mind up I would be where I wouldn't have to give a shit on the next one
That was good,,, thanks.
Sadly, pretty much true...
Crude ripped from $55 to $56 in 15 minutes lol!!!!!! Since Goldman said crude could go lower the $55 to $54 area seems to be the floor for now. That is one big ass green candle.
Everybody have a safe and enjoyable holiday with your family and friends.
Pro-tip.
Everything GS, MS, JPM says is bullshit.
Watch FED balance sheet. That's the only economic indicator worth anything as it pertains to the S&P500.
You can have have an army of mathematicians, physicists, astronomers, and psychologists working for you and you'll lose year after year.
Here you go, the one chart to guarntee you'll be living like a king next year:
http://research.stlouisfed.org/fred2/series/WALCL
Now get rich.
Thanks buddy. I usually leave the equites alone lately and trade CL. But I will check it out and really appreciate the tip as I will use it.
You have a merry christmas and happy new year and be safe.
So, I read the chart as them having only 4.4 million dollars on hand.
I'd say there were short.
In Americas Free Markets,,,, just BUY!... Doesn't matter when since it always goes 'to the moon!'.
Buy F*cking Whenever! BFW.
I havent been short any stock in two years but this is just like after the Boullard ramp. First rapid gains then slow melt up and then the Coyote looks beneath him and sees theres nothing there. Again I dont think Id short this but may close my USDJPY position if shit starts to turn bad like it did 1-2 weeks ago
If limitless debt is now possible, if earnings do NOT matter with the Fed pledged to do “whatever it takes” to support markets. If this really is a sustainable ‘New Normal’, it could go on for years. Every crisis is met with more Fed intervention. More QE, more jawboning, more of everything. They expand their balance sheet and all is good. Jobs are created as people and government pile into limitless debt. If the banks are threatened, they are bailed out. I have not seen one argument why limitless money creation is not possible. No inflation, people are thrilled with their new SUVs and 401K’s. The wealthy cannot believe the billions of $$ the Fed has handed to them, and pledged even more to come. The little people have jobs building their new yachts and toys.
Why would anyone sell stocks? Lousy earnings, just means more buybacks, and more intervention to support prices. One would have to be crazy to sell, knowing the Fed has their backs. The Fed models of human behavior are perfect so far. How and why will it all fall apart?
TT,
It's possible I guess but, if there comes a point when the oil industry is no longer viable, FR will be irrelevant.
My guess is that earnings will tank at some point, and it will be a wake-up call about this Ponzi. You see, the more P/E expands, the more stocks become mere paper tickets with a (ever growing) price tag printed on them, completely disconnected from whatever underlying business they were originally supposed to represent. That underlying business no longer matters, and so people could as well be trading any paper contract instead. Now, extrapolating this to a complete insanity, the FED could certainly start buying those paper tickets (to support “price stability”), thus basically distributing newly printed money directly into the hands of paper ticket holders.
… My concern with participating in this is the same concern about participating in any other Ponzi. One never knowns when it ends (unless one is close to the originator, that is, to the FED). And when it does end then there is nothing to support ticket prices until they fall low enough to re-couple with the underlying business they used to represent.
I admit the show is certainly fascinating to watch though. Who could have imagined that Ponzi would one day be used to sustain (if only for another day) the economy for like half of the world?
The limit is inflation. Of course there has been inflation. It's just been gobbled up by massive deflationary forces and deleveraging, that and inflation figures are being fudged even more. QE generates inflation because banks and other entities recieve money for US government bonds and mortgage backed securities. That money is immediately invested in other assets creating rising prices and inflation.
The question is how long can inflation fudging continue and how long until the inflation figures are no longer believed? Until we come to those barriers then limitless debt will endure. Also is the shadow banking sector still shrinking and causing money to vanish? A shrinking shadow banking sector is rumoured to be the reason for these massive deflationary forces.
Mathematically speaking, one cannot vanquish inflation no matter how a CB prints money or buys assets. Global hyperinflation is the endgame for this new normal.
"The Fed models of human behavior are perfect so far. How and why will it all fall apart?
it will not go on forever because "there is no spoon..."
At some point people will begin to doubt the validity of these price increases, there is already a lot of unease about this "rally".
The Feds models of human behavior are far from perfect, they are myopic. They can make educated guesses at what folks may do today, or tomorrow. But they fail to see the bigger picture, they ignore the signs that should be warning them of trouble ahead.
Their ignorance of human behavior will soon become clear as they try desperately to support asset prices in a deflationary spiral. And since deflation is primarily a psychological phenomenon, they will try in vain to correct it by throwing money at it. They will learn that increasing money supply only stimulates spending when people are WILLING or ABLE to spend. Flooding your economy with money no one wants or needs just makes it seem more worthless as it sits unspent or goes into 'bubble assets' that everyone recognizes as bubble assets because they are so out of whack with everything else in the economy.
Once a currency loses the faith of the people, it never recovers, and the tendency is to resist it more.
Well, I for one remember how Fuckbuck was IPOed.
Friggin' ribbons, bells, whistles on the TV financial channels.
I bought NO FB stock.
They cannot possibly own enough hard assets to = their valuation.
At some point someone will blink. They will realize as the baby boomers decide to cash out no one will be lined up to buy. Do you think the underemployed generation will be looking at stocks? Have you read "Our Stolen Future," if not give it a look. Sperm levels down worldwide and of that sperm half of it is deformed. You will run out of buyers. The money isn't in your pocket until you sell the stock. Will robots buy your stock? It won't go on forever. Someone will start the dash for the door and you may get lucky or you may be trampled. Nothing lasts forever. Babies born in the U.S now have over 300 chemicals in their blood that shouldn't be there. We carry on about how stupid people have become and yet in the same breath marvel at our progress. Is it progress or is it profit? Nothing is funded unless it will make a buck and who cares if it poisons our children- we are an adanced civilization. I understand the desire to make a buck or I wouldn't be here on this site everyday. Just realize that what is being put into the system is not always safe or as adertised. If you plan on having children detoxify your system and your home. Plastic is a killer-get rid of it. It is the small amounts that trigger hormonal reactions. Look at man boobs on nearly every male. Styrene leaks into your food from polystyrene containers. The government even has a polystyrene consumption factor (PCF.) Money is necessary but your health is too- start looking at how many chemicals are put out every year without being totally understood. OK- long comment meandering everywhere. For more info request my thesis via the account page.
At some point someone will blink. They will realize as the baby boomers decide to cash out no one will be lined up to buy. Do you think the underemployed generation will be looking at stocks? Have you read "Our Stolen Future," if not give it a look. Sperm levels down worldwide and of that sperm half of it is deformed. You will run out of buyers. The money isn't in your pocket until you sell the stock. Will robots buy your stock? It won't go on forever. Someone will start the dash for the door and you may get lucky or you may be trampled. Nothing lasts forever. Babies born in the U.S now have over 300 chemicals in their blood that shouldn't be there. We carry on about how stupid people have become and yet in the same breath marvel at our progress. Is it progress or is it profit? Nothing is funded unless it will make a buck and who cares if it poisons our children- we are an adanced civilization. I understand the desire to make a buck or I wouldn't be here on this site everyday. Just realize that what is being put into the system is not always safe or as adertised. If you plan on having children detoxify your system and your home. Plastic is a killer-get rid of it. It is the small amounts that trigger hormonal reactions. Look at man boobs on nearly every male. Styrene leaks into your food from polystyrene containers. The government even has a polystyrene consumption factor (PCF.) Money is necessary but your health is too- start looking at how many chemicals are put out every year without being totally understood. OK- long comment meandering everywhere. For more info request my thesis via the account page.
Deformed Sperm?
Rise of the X-Men!
saw this little gem over at SGT Report
"A man from Lovech Oblast in Bulgaria returned his mortgaged house to the bank in the most novel manner. He spent his money to demolish his family home. The house was mortgaged and the family was unable to pay the mortgage. The mortgage was on the house but didn’t include the land on which the house was built, so the family decided to demolish the house and return it to the bank, loading the rubble onto a truck which was then brought to the head office of the bank.''
http://wakeupfromyourslumber.com/bulgarian-man-returns-mortgaged-house-t...
Fuck you banksters.......
Christmas rally began in October.
How does that balance your ledger Zionist?
You can ask Obama to declare a 365 day holiday to ramp up GDP.
The police day holiday was a riot.
get friendships, it helps to break solitude, and by the way prevent zh pointless spam
"My name is Tyler and I'm addicted to meaningless charts." (loud applause)
Santa handed out a few gifts to the gold miners today too. Nice rally
Kids in America should write their letters to Bill Gates and not to Santa Claus.
Ah, Thanks for the Chart Porn!
Merry Xmas, Bitchez!
May Santa leave PMs in yer stocking!
-LC
Yes. Dow is above where it should have been for year-end, and there's hardly room before 12/31 to bring it back down.
Something slipped.
Such pretty graphs. Fuck the underlying data.