What Goes Irrationally Up, Must Come Down

While Bob Pisani last week told the world that he was "encouraged" by the decoupling of energy-related stocks from their basic raw material oil prices...

...today's rational response to fresh 5-year-lows in crude oil prices would suggest the 'most important thing' is to be "discouraged."

Just how long did 'investors' think energy stocks and crude could remain decoupled... as the post-FOMC Yellen squeeze is erased rapidly...

Charts: Bloomberg

Comments

[gdogus erectus]

I've heard that somewhere....

[wrs1]

right, when silver was at $50 but it wasn't here

[NoDebt]

I think the Saudis are doing this just to fuck with everyone.

[madcows]

I think they're trying to corner the market for themselves.... drive everyone else out of business, a la Standard Oil.

[KnuckleDragger-X]

ND, of course they are, they don't want want to go back to herding goats in the desert but I think this time around it might just get away from them.

[NEOSERF]

200 pts down in the first 30 minutes!!! Time to pull Yellen herself out to the podium to let the unwashed muppets know of how well the Fed has this under control.  Would also send another president out later who will say he doesn't "see a rate increase til end of year soonest"...will end up 100 points today.

[NEOSERF]

And there it is...Williams comes out and reiterates Fed is in no rush to tighten...man this is getting predictable

[KnuckleDragger-X]

There is no need to panic. Now excuse us while we re-arrange the deck chairs.....

[SoilMyselfRotten]

The stock market aside, of course

[wrs1]

How are those gold stocks doing?  Cheap oil not helping a bit is it?  They know gold is headed to $500.

[Winston Churchill]

In your dreams.The PM's already deflated last year.Now everything else is going

to play catchup.

[Son of Loki]

That's what my financial advisor said also. House market and stawks will cathc up and it's going to be a serious correction that the Fed may not be able to stop once the downward momentum gets going.

So, bascially, very Bullish !

[Dr. Engali]

My prediction for leveraged traders....... Pain:

http://youtu.be/lSPNQ82Sq4E

[Squid Viscous]

Another year of Gay Bob's cheerleading... ughh

[Winston Churchill]

Someone just stated that there are $22tn in oil derivatives unwinding.

[pods]

That will tighten more than a couple sphincter muscles.

pods

[breadonwaters]

In the Goldman / JPM comments..

CAN ANYONE CONFIRM THE 22TRILLION IN OIL DERIVS?

CAN ANYONE CONFIRM DETAILS?

I THINK THIS IS THE BLACK SWAN.

[KnuckleDragger-X]

I would put that 22 trillion on the minimum side of things.....

[Eyeroller]

We margin-called some folks.

[buzzsaw99]

ah, "coupling" chart porn

[alexmark2013]

Prepare for Property Prices to Fall in U.S. and Globally http://investmentwatchblog.com/prepare-for-property-prices-to-fall-in-u-s-and-globally/

[franzpick]

Now that's getting too personal.

[ghostzapper]

Hi Bob!

https://www.google.com/search?q=male+cheerleader&biw=1600&bih=829&source...

[cowdiddly]

WOOOT just filled up the wifeys rig 1.69 gallon, DIE WTI DIE. I think im going to like the deflation thingy.

[NoDebt]

You know what gold is worth in barrels of oil?  More.  A lot more.

See, I told you this would be good for average people.  

[pods]

Let's just hope this ends without seeing those plastic bags over the gas pumps.

Oh, and stock up on soap and TP.

pods

[cowdiddly]

Yes its starting to get ugly out there. Bank just sent me an offer for a HELOC at 2.49%. Now, if they are willing to lock me in at the new year at 2.49, where do you guess the Bankster scum think interest rates will be at the end of the year or next?

I think even Ray Charles ought to see that bond trade.

Starting to look like we might yet experience what our  grandparents went through. They better quit trying to kid themselves  trying to Jawbone and get to printing if they plan on staving it off for another year..

[Ness.]

What Goes Irrationally Up, Must Come Down... and then irrationally back up again.

We've all seen the end to this movie.  Haha 40 points on the DOW since I logged in to post.  They win - we all lose.

[FreeShitter]

Yeller isnt awake from her sunday night satanic ritual...fed plunge protection team being recalled in the meantime.

[wmbz]

Fear not, Capt. Jack Yellen and team depends will be all over this shortly. She'll release some "unexpecteds" in dulcet tones, to soothe the market place, and savage breast.

While behind the scenes shitting her granny panties.

Why the fuck is the pump not working according to the grand design?

[Ewtman]

OIL will find some temporary support soon but its long term picture is bleak. Those that think falling oil prices are a good thing will find out just how mistaken they are...

http://www.globaldeflationnews.com/oil-light-sweet-crudeelliott-wave-upd...

[35 Whelen]

What goes irrationally down, must come up. Exit question: what is irrational price action.

[B2u]

I thought it was "Bob Piss-on-me".

[saveUSsavers]

PissOnHe knows all, like Kernen Claptrap.

[baroto]

Saudi oil production is slightly lower that last year 

https://ycharts.com/indicators/saudi_arabia_crude_oil_production