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Forget Commodities, There's Another 'C' Word Flashing Red For Stocks

Tyler Durden's picture




 

...Credit!!

 

 

Of course, it's different this time... credit is "just weaker because of energy names... which is transitory" except that's the same bullshit (but about LBOs) that was used last time... 'higher leverage is great for stocks... at the expense of credit' until it reaches a tipping point.

Worried about rising interest rates? Well they are already here for corporates...!

 

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Wed, 01/14/2015 - 10:53 | 5659798 Headbanger
Headbanger's picture

Clinton?

Wed, 01/14/2015 - 10:56 | 5659814 Alea Iactaest
Alea Iactaest's picture

Crap

Crash

Capitulate

 

And on ZH... Congratulate

Wed, 01/14/2015 - 10:57 | 5659823 ukspreads
ukspreads's picture

Cheating Cunts

Wed, 01/14/2015 - 11:00 | 5659845 NotApplicable
NotApplicable's picture

You smellin that Yellon felon?

Wed, 01/14/2015 - 11:07 | 5659878 ukspreads
ukspreads's picture

Her Crack ?

 

Wed, 01/14/2015 - 11:11 | 5659901 ShorTed
ShorTed's picture

Sorry I junked you but just had breakfast.

Wed, 01/14/2015 - 11:15 | 5659928 ukspreads
ukspreads's picture

No problem - Mackerel fillets or Tuna Mayo ? 

 

Wed, 01/14/2015 - 12:17 | 5660193 Pool Shark
Pool Shark's picture

 

 

Colostomy

 

Wed, 01/14/2015 - 12:40 | 5660337 Vampyroteuthis ...
Vampyroteuthis infernalis's picture

Cocksucking Fed.

Wed, 01/14/2015 - 11:19 | 5659937 SickDollar
SickDollar's picture

no joke, I just got an email saying my credit line went up ( i never even use this credit card or asked )

 thats my sign that the economy is bad

 the bank is Capital One bitches

 

PS: in the email it said  and I quote " now more cash in your wallet " lol

Wed, 01/14/2015 - 11:21 | 5659959 29.5
29.5's picture

same with me, but a different company.

Wed, 01/14/2015 - 11:27 | 5659981 Heavy
Heavy's picture

"Hey kid ya want some crack?" -BoA

Wed, 01/14/2015 - 11:33 | 5660008 Captchured
Captchured's picture

Yup....just got the unsolicited credit limit bump from main cc company. We never carry over a balance.

Wed, 01/14/2015 - 13:48 | 5660703 KnuckleDragger-X
KnuckleDragger-X's picture

Capital One....because we don't give a shit.....

Wed, 01/14/2015 - 11:11 | 5659900 bullchit
bullchit's picture

Cunt.
The word that makes women so hot
Yellen is not a woman..... 

Wed, 01/14/2015 - 10:57 | 5659826 Cornholio
Cornholio's picture

CORNHOLIO!

 

Heh.. heh heh ..

Wed, 01/14/2015 - 11:03 | 5659860 yogibear
yogibear's picture

It's just cornholed.

Wed, 01/14/2015 - 11:04 | 5659867 CrimsonAvenger
CrimsonAvenger's picture

I need TP, for my portfolio!

Wed, 01/14/2015 - 11:08 | 5659892 Dr. Engali
Dr. Engali's picture

I've got a few extra FRNs you can use. I'll give them to you for barbaric relics.

Wed, 01/14/2015 - 11:14 | 5659913 GoldenGeezer
GoldenGeezer's picture

OT but it's interesting what they are doing with this barbaric relic these days.

 

http://www.popsci.com/nanowire-covered-material-keeps-you-warm-so-your-h...

 

Wed, 01/14/2015 - 11:24 | 5659969 Dr. Engali
Dr. Engali's picture

Amazing. Thanks for the link. That's something to keep an eye on.

Wed, 01/14/2015 - 11:51 | 5660098 manofthenorth
manofthenorth's picture

Silver is a miracle metal........and money........bullish !

Wed, 01/14/2015 - 12:48 | 5660378 DaveA
DaveA's picture

Gold is a money metal, copper is an industrial commodity, and silver can't make up its &#%!@ mind!

Wed, 01/14/2015 - 13:51 | 5660717 KnuckleDragger-X
KnuckleDragger-X's picture

It's all money if its tradable......

Wed, 01/14/2015 - 11:05 | 5659869 Dr. Engali
Dr. Engali's picture

+1 Fire! Fire! Fire!

Wed, 01/14/2015 - 11:10 | 5659887 SoilMyselfRotten
SoilMyselfRotten's picture

Shhhhhh...the crowded theatre may hear you

Wed, 01/14/2015 - 10:57 | 5659828 OV61FVF
OV61FVF's picture

Cornfed?

Wed, 01/14/2015 - 11:01 | 5659849 Eagle Keeper
Eagle Keeper's picture

Corporatism

Wed, 01/14/2015 - 11:11 | 5659905 Stoploss
Stoploss's picture

Lookin like another rough month for Pimco...

 

 

 

 

 

 

 

 

 

 

 

 

 

lol.

Wed, 01/14/2015 - 11:04 | 5659858 Pig Circus
Pig Circus's picture

Zh may highlight the negative and claim that all you want but I can't remember one time when they pointed out weak credit and that industry or market as a whole hasn't caught down to it. I'm serious when I say it's almost or close to 100% correct in this data point..

Wed, 01/14/2015 - 11:18 | 5659936 NotApplicable
NotApplicable's picture

100% you say?

*cues black swan*

Wed, 01/14/2015 - 11:14 | 5659920 ZH Snob
ZH Snob's picture

this credit mess will tank the works quicker than the fed can take measures to prevent it.

Wed, 01/14/2015 - 10:53 | 5659803 bnbdnb
bnbdnb's picture

Had to make a second end of the world post, i guess your first wasnt working...

ZH Effect, doubling down.

Wed, 01/14/2015 - 11:06 | 5659825 Dr. Engali
Dr. Engali's picture

How is pointing our the fact that there is problems in junk bond land an end of the world post?  I have news for you, high yield has been an indicator that people have watched long before ZH came around. There are other financial sites if you don't like it.

Wed, 01/14/2015 - 11:08 | 5659883 bnbdnb
bnbdnb's picture

....Because 9 of the last 10 times, ZH has called the bottom for the day with posts like these.

 

Hmm lets make that 97 out of 100.

Wed, 01/14/2015 - 11:47 | 5660077 fuu
fuu's picture

I did a search, the only place the word "bottom" appears is in your post.

Wed, 01/14/2015 - 12:45 | 5660353 TheReplacement
TheReplacement's picture

What he means is that ZH runs a story about something like the above - HYC being in bad shape - only to see the markets immediately pivot and go the other way.

What you hear is him griping about ZH calling bottoms but in reality he's just pointing out the riggedness of said markets.

Wed, 01/14/2015 - 15:20 | 5661296 SickDollar
SickDollar's picture

+100

 yup nailed it

 

Wed, 01/14/2015 - 11:16 | 5659908 bnbdnb
bnbdnb's picture

And just to prove my point. Check the market bounce after he posted it. :)

 

SP up 12, half of DJ losses cut, NAS almost green.

Wed, 01/14/2015 - 11:20 | 5659941 Dr. Engali
Dr. Engali's picture

That something we all are aware of. We are all also aware of the fact that this is a manilpulated market and indicators we would normally use don't function like they have in the past, but that still doesn't make it an "end of the world "post pointing them out. I'll be critical of ZH for many things, like useless click bait articles, but I won't criticize them for pointing out those metrics that used to mean something.

Wed, 01/14/2015 - 11:22 | 5659965 bnbdnb
bnbdnb's picture

Ummm...it was tongue in cheek. ZH has no ulterior motive...

Just an observation.

Wed, 01/14/2015 - 10:56 | 5659804 db51
db51's picture

Just got up.   Are we Crashing Yet?

 

C Wordd?   Clinton?    CUNT!

Wed, 01/14/2015 - 10:56 | 5659815 medium giraffe
medium giraffe's picture

We're just warming up the swan.

Wed, 01/14/2015 - 10:57 | 5659829 NoDebt
NoDebt's picture

Yes.

Now, it's about time for my mid-morning nap.  So when I get back you update me and then you can go take your early afternoon nap.  We can keep eachother up to date on everything without either of us losing sleep.

 

Wed, 01/14/2015 - 10:54 | 5659808 Dr. Engali
Dr. Engali's picture

QE4 the fed will be monetizing shale oil fields. Load up on your shale debt now.

Wed, 01/14/2015 - 11:19 | 5659949 NotApplicable
NotApplicable's picture

Remember, it's for the children.

Wed, 01/14/2015 - 12:15 | 5660188 Sudden Debt
Sudden Debt's picture

In Belgium we hd the clicket system back in the day where when oil prices declined to much, the price would remain the same and all the extra money went into taxes for the state. For them it was a good way for more income...

But America could also impose a mimimum price and use the collected funds to support it’s drillers.
that’s communisme 101!

Wed, 01/14/2015 - 10:54 | 5659809 101 years and c...
101 years and counting's picture

wait until HY really begins a new leg down and stocks have to "catch down" to credit....at 1200, or lower.

Wed, 01/14/2015 - 10:57 | 5659822 Alea Iactaest
Alea Iactaest's picture

Yes, that will be a wait.

Wed, 01/14/2015 - 10:58 | 5659830 Dr. Engali
Dr. Engali's picture

Curtains.

Wed, 01/14/2015 - 10:58 | 5659832 firstdivision
firstdivision's picture

This commodity is flashing all in...http://finviz.com/futures_charts.ashx?t=NG&p=m5

Wed, 01/14/2015 - 11:01 | 5659840 medium giraffe
medium giraffe's picture

Je suis Credit.

Wed, 01/14/2015 - 11:03 | 5659848 Bill of Rights
Bill of Rights's picture

If you live by the fudged numbers you wind up dying by them.

Wed, 01/14/2015 - 11:03 | 5659851 Theta_Burn
Theta_Burn's picture

My sisters friend and I both make .2K a week not working and staying at home, waking up at 11:00am and surfing the web.. I kept hearing people tell me how easy it was, and why bother working as we would be just as poor anyway. heres how we do it... http://leenks.com/gallery662-36.htm

 

Wed, 01/14/2015 - 11:11 | 5659899 Ghordius
Ghordius's picture

I don't understand this guy. who would even bother to have a look at his link? and what does .2K a week mean? 200 bucks, I guess? but this part is even harder to understand "why bother working as we would be just as poor anyway"... is that supposed to be inspirational? to put it in other terms, does it sell? if yes, why?

Wed, 01/14/2015 - 11:13 | 5659917 buzzsaw99
buzzsaw99's picture

i am NOT clicking that link - lulz

Wed, 01/14/2015 - 12:03 | 5660138 fuu
fuu's picture

She'd have been skanky if her thighs didn't meld into her ass like that. Total meth face too.

Wed, 01/14/2015 - 11:15 | 5659918 Theta_Burn
Theta_Burn's picture

Finish that cup of coffee, reread slowly, bring similar spammed posts to mind and......

Wed, 01/14/2015 - 11:17 | 5659931 Hulk
Hulk's picture

Thats nothing Ghordius, I make .0002 M bucks a week not working. Thats a M as in MILLION !!!

Wed, 01/14/2015 - 11:04 | 5659855 DirkDiggler11
DirkDiggler11's picture

Confusion for the CNBS talking heads ...

Wed, 01/14/2015 - 11:04 | 5659856 Ewtman
Ewtman's picture

The credit (debt) bubble has already burst. Now we just wait and see how much damage will be done. Bubbles always burst, some quite violently. This credit bubble is the largest in history. No doubt it will be catastrophic...

 

http://www.globaldeflationnews.com/anatomy-of-a-bubble-how-the-federal-r...

Wed, 01/14/2015 - 11:06 | 5659879 franzpick
franzpick's picture

New lows for banks: what are equities and crude so excited about?:

http://bigcharts.marketwatch.com/quickchart/quickchart.asp?symb=bkx&insttype=&freq=7&show=&time=18

 

Wed, 01/14/2015 - 11:10 | 5659895 clade7
clade7's picture

Coccamamie?

Wed, 01/14/2015 - 11:13 | 5659909 q99x2
q99x2's picture

Confused condition of compensatory corn-husking carmudgens

Wed, 01/14/2015 - 11:12 | 5659911 Bill of Rights
Bill of Rights's picture

 

Bank failures beginning to ramp up – Standard Chartered and Banco Santander admit need to raise cash

http://www.globaldeflationnews.com/bank-failures-beginning-to-ramp-up-st...

Wed, 01/14/2015 - 11:57 | 5660122 besnook
besnook's picture

all the equipment is starting to show up at auctions. the scavengers are on the ground.

Wed, 01/14/2015 - 11:16 | 5659926 WTFUD
WTFUD's picture

Cuckold

Wed, 01/14/2015 - 11:16 | 5659930 csmith
csmith's picture

Difference today is MAGNITUDE. If EVERY low- to mid-quality energy credit failed, it would be a $250 billion problem, at worst.

Mortgage debacle was a $1.2 TRILLION problem domestically.

 

Wed, 01/14/2015 - 11:47 | 5660089 Farmer Joe in B...
Farmer Joe in Brooklyn's picture

If you think this won't spill over into other risk assets, I've got some property on the moon I'd like to sell you....

Wed, 01/14/2015 - 11:18 | 5659939 Colonel Klink
Colonel Klink's picture

C word that covers them all.....Criminals!

Wed, 01/14/2015 - 11:23 | 5659971 Heavy
Heavy's picture

It's like jaws except you go down to the shark instead of him coming up to you.

Wed, 01/14/2015 - 11:55 | 5660114 besnook
besnook's picture

you guys are such pessimists. the credit line will obviously rise to the level of the sp500. zhers are so negative.

Wed, 01/14/2015 - 12:03 | 5660144 swass
swass's picture

Except that divergence lasted for three years (2005-2007), whereas we've had a two year divergence so far.  Point being, it's a pretty solid indicator of trouble ahead, but a poor timing tool.

Wed, 01/14/2015 - 12:54 | 5660402 AynRandFan
AynRandFan's picture

Market P/E is even worse as a timing tool.  I'm still looking for one that works.

Wed, 01/14/2015 - 12:44 | 5660355 Nobody For President
Nobody For President's picture

Consumerism!

(Is dead.)

Wed, 01/14/2015 - 12:50 | 5660383 BullyBearish
BullyBearish's picture

It's all about Leeeequiditeeeeeeeee!!  Take away the cheese and see what happens.

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