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Investors Are "Panic Buying" US Bonds & Stocks

Tyler Durden's picture




 

Since the miserable US retail sales data hit, it appears the world's investors have decided that buying US stocks and US bonds is the thing to do...

 

 

For context, the S&P and Dow remain below the post-CNBC "Europe is fixed" deal rumor highs last night...

 

Charts: Bloomberg

 

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Thu, 02/12/2015 - 11:08 | 5775693 NoIdea
NoIdea's picture

Repeat after me: "There is no such thing as bad news. There is only good news and better news"

Thu, 02/12/2015 - 11:15 | 5775735 Bernoulli
Bernoulli's picture

This morning, in the first 40 minutes of "trading", AAPL market cap rose by 14 billion USD.

In fact, on the "other side of the balance sheet" of AAPL owners, 14 billion USD were created today out of thin air.

I am having a hard time, wrapping my head around that...

Only one word: ENDGAME!

Thu, 02/12/2015 - 11:19 | 5775764 Metalredneck
Metalredneck's picture

The correct term is """investors""" ... note the correct use of triple quotation marks to help orient the reader to who and waht is actually doing the buying and selling...it ain't human participants with ordinary profit and loss motivations.

Thu, 02/12/2015 - 11:21 | 5775772 Panem et Circus
Panem et Circus's picture

The correct term was actually SELL :)

Thu, 02/12/2015 - 11:31 | 5775805 rccalhoun
rccalhoun's picture

where's volker?   asset inflation is inflation.

Thu, 02/12/2015 - 11:52 | 5775882 El Vaquero
El Vaquero's picture

Just wait until they figure out the real value of all that paper.  "TURN THOSE MACHINES BACK ON!"

Thu, 02/12/2015 - 11:38 | 5775836 SWCroaker
SWCroaker's picture

"I am having a hard time, wrapping my head around that..."

It helped me to starting thinking of things as "pricing" valuations, and not actual dollars.  It's only $14B in "pricing" terms; if those APPL owners all happily try to access their money by selling at the same time, it will prove to be worth well less than $14B....

As with most paper things, "Pricing" wealth is not really as tangible as real wealth.

Thu, 02/12/2015 - 13:02 | 5776199 Bossman1967
Bossman1967's picture

Never fear obumer is here mor 00000000 behind a number will do just fine for any crooked corrupt cocksucker. For us honest hard working peasants we will stand in line and beg for thier crumbs and call them master. Well you know what there will soon be anarcy and fuck them oops fbi or nsa in 3.2.1

Thu, 02/12/2015 - 11:53 | 5775890 noben
noben's picture

Repeat after me: "The Trend is my Friend"

Thu, 02/12/2015 - 13:43 | 5776473 Larry Dallas
Larry Dallas's picture

I am trying to be resolute with my PM buying at these levels. This forward trajectory of the stock market looks tasty, but I'm not buying it.

Some "folks" will get slaughted.

Thu, 02/12/2015 - 13:55 | 5776566 cheech_wizard
cheech_wizard's picture

Minitrue prolefeed reports: doubleplusgood...

thoughtcrime leads to joycamp, so crimestop now...

Thu, 02/12/2015 - 11:08 | 5775697 semperfi
semperfi's picture

Hey, they're the new 'safe haven', right?

Thu, 02/12/2015 - 11:09 | 5775702 NoDebt
NoDebt's picture

It's OK, we're used to it by now.

Thu, 02/12/2015 - 11:09 | 5775703 Dungholio
Dungholio's picture

The "market", and I use that term loosely, is an unstoppable juggernaut!!!

Thu, 02/12/2015 - 11:14 | 5775733 NoDebt
NoDebt's picture

Doing the old reverse psychology jinx on it won't work.  I tried.

Thu, 02/12/2015 - 11:20 | 5775769 Panem et Circus
Panem et Circus's picture

<--- VIX will form tripple bottom

<--- VIX will crash right through it

Thu, 02/12/2015 - 11:53 | 5775888 thinkmoretalkless
thinkmoretalkless's picture

Rats scurrying to and fro as the ship heaves and rolls as it bears down on the iceberg dead ahead. 9 o'clock and all is well...

Thu, 02/12/2015 - 11:56 | 5775896 markettime
markettime's picture

Investors??? Really???? 

Thu, 02/12/2015 - 12:58 | 5776180 A Nanny Moose
A Nanny Moose's picture

READ: The Fed, The PDs, and their Algos.

Thu, 02/12/2015 - 11:10 | 5775705 Osmium
Osmium's picture

"For context, the S&P and Dow remain below the post-CNBC "Europe is fixed" deal rumor highs last night..."

Not for much longer.  They will take out that high soon

Thu, 02/12/2015 - 11:10 | 5775707 Tsar Pointless
Tsar Pointless's picture

Everything is awesome! And, if it happens to not be awesome, then that can only mean it's MOAR awesome!

Thu, 02/12/2015 - 12:01 | 5775906 noben
noben's picture

Peeps and sheeps need to learn that it is better and wiser to win and lose with the herd, than to lose by yourself when others are winning.

This is based on a timeless adage of human nature:

1. Happiness likes Happy company

2. Misery likes Miserable company.

Libertarians haven't figured this out yet, or they refuse to accept it on some ideological grounds that they have internalized.

Thu, 02/12/2015 - 11:10 | 5775710 Everybodys All ...
Everybodys All American's picture

Central banks buying stocks can make even this dead s bounce.

Thu, 02/12/2015 - 11:12 | 5775724 Anasteus
Anasteus's picture

Even greater fools than we hoped for.

Thu, 02/12/2015 - 11:40 | 5775848 SWCroaker
SWCroaker's picture

When the Titanic listed to port, and the crowd on deck rushed to starboard, do you think the people initially standing on the starboard side were full of self congratulation for having gotten the call right?

Thu, 02/12/2015 - 11:58 | 5775900 thinkmoretalkless
thinkmoretalkless's picture

Probably..."Dodged a bullet there...now where did that waiter go off to?

Thu, 02/12/2015 - 11:12 | 5775725 Kolchak
Kolchak's picture

i know for me the worse a company looks, the more money they loose and the more lies they tell, always makes me want to invest.

Thu, 02/12/2015 - 11:14 | 5775732 Raoul_Luke
Raoul_Luke's picture

I suspect the pending Grexit when it is announced will throw some ice cold water on this rally.

Thu, 02/12/2015 - 11:26 | 5775787 forwardho
forwardho's picture

If your theory is correct.

Where will the 100's of trillions currently invested go?

The market and bonds have become the last repository.

Unless of course, its all a CB induced illusion.

:)))

 

Thu, 02/12/2015 - 11:38 | 5775838 Panem et Circus
Panem et Circus's picture

I think you meant, suppository?

Thu, 02/12/2015 - 11:38 | 5775839 you enjoy myself
you enjoy myself's picture

that's not how it works.  we're back to 2011's alternating headlines of "EU/Greece is blowing up" vs "EU/Greece is saved!".   on the former, stocks are flat.  on the latter, we get nosebleed rips that form a new ratchet plateau.  when Greece and the EU finally do blow up, we'll be at 2300 and have a "crash" to 2100.

Thu, 02/12/2015 - 11:14 | 5775734 Bill of Rights
Bill of Rights's picture

" investors " ha ha ha ha ha Tyler said a funny.

Thu, 02/12/2015 - 11:15 | 5775736 JenkinsLane
JenkinsLane's picture

We're gonna need a bigger rumor.

Thu, 02/12/2015 - 11:18 | 5775738 Comte d'herblay
Comte d&#039;herblay's picture

.

Thu, 02/12/2015 - 11:18 | 5775739 Comte d'herblay
Comte d&#039;herblay's picture

Long is beautiful.  This is all the advice of the investment variety you would have needed in March of 2009 until a millisecond ago.  

 

Thu, 02/12/2015 - 11:15 | 5775740 ZomBiEHiGH
ZomBiEHiGH's picture

FINALLY they are heeding my advice. *tear btfd

Thu, 02/12/2015 - 11:16 | 5775741 Dr. Engali
Dr. Engali's picture

"Investors"..... Lol, that's wha we're calling them these days.

Thu, 02/12/2015 - 11:17 | 5775751 FreeShitter
FreeShitter's picture

Ponzi participants..

Thu, 02/12/2015 - 11:39 | 5775845 Panem et Circus
Panem et Circus's picture

Electrons.

Thu, 02/12/2015 - 11:16 | 5775744 yogibear
yogibear's picture

Abenomics mainstream. Just buy moar stocks.

Jobs and retail become meaningless. Stats can be cooked.

Abenomics is really Bernankenomics.  Just keep printing and pumping up stocks.

Average PEs might hit 100.  Have to beat the DOT COM bubble.

Thu, 02/12/2015 - 11:16 | 5775747 FreeShitter
FreeShitter's picture

Bad news = buying signal. Has been for what, 6 fuckin years?

Thu, 02/12/2015 - 11:18 | 5775758 yogibear
yogibear's picture

Yes. And continues for the foreseeable future.

Thu, 02/12/2015 - 11:19 | 5775760 madcows
madcows's picture

no rate hikes until 2016, and more QE likely.  Just BTFD!

Thu, 02/12/2015 - 11:19 | 5775763 Comte d'herblay
Comte d&#039;herblay's picture

There have been no Selling signals for 7 years.......the lucky number for craps. 

Thu, 02/12/2015 - 11:32 | 5775813 indygo55
indygo55's picture

"There have been no Selling signals for 7 years

Seven years is the lucky number alright. Have you ever heard of the shimeta?


Thu, 02/12/2015 - 12:45 | 5776098 Comte d'herblay
Comte d&#039;herblay's picture

No, but I'm Giggling it now......

 

Ah-0HAH!!!

The GREEK SOLUTION!!!!  You damned knuckleheads in the EU!!!

“At the end of every seven years you shall grant a release. And this is the manner of the release: every creditor shall release what he has lent to his neighbour. He shall not exact it of his neighbour, his brother, because the LORD’S RELEASE has been proclaimed….” Deuteronomy 15:1-4 Reading this Scripture further promises… many blessings!

Thu, 02/12/2015 - 16:10 | 5777319 Bemused Observer
Bemused Observer's picture

Funny, they never mention that one when they claim the Bible says you should always pay your debts back, every nickel.

Thu, 02/12/2015 - 18:27 | 5778023 Comte d'herblay
Comte d&#039;herblay's picture

Life was much much simpler in those antediluvian days.  They never had to contend with absurdities like, "Gay Marriage", Brucie Jenner, the entire Audience that legitimates the Kardashians, the Real Whoreswives of wherever, Bri Wi, Jon Stewart, John Oliver, the IRS, NSA, CIA, OSS, Jimmie Fallon, Carrottop, Charlie Rangel, the "Great" Society, and BTFD.

It is the complexity of modern living that makes it so frustrating to most of us with limited capacity in the Wernicke/Broca areas of our increasingly bedrugged brains.

(Actually a further reading of Shimat yields this little morsel: it only applies debt forgiveness to domestic debt.  Foreign Debtors were still on the hook for the principal enough interest to compensate for the forgiven debts).  The Jews know a lot, a whole lot about money, and I am regretting that my mom wasn't a Jewess.   

onwards and upwards...

 

Thu, 02/12/2015 - 12:51 | 5776147 armageddon addahere
armageddon addahere's picture

I know what a shmatta is. Also a shemozzle.

Thu, 02/12/2015 - 11:18 | 5775759 Der Meister
Der Meister's picture

Tesla is actually down today.

I didn´t know that a company listed on the Nasdaq could go down.

Some algos must be on holiday.

Thu, 02/12/2015 - 11:23 | 5775780 Yen Cross
Yen Cross's picture

  It looks like Gartman just added another wing on his 3 top dome...

Thu, 02/12/2015 - 11:25 | 5775785 ghostzapper
ghostzapper's picture

They got what they wanted with the nudge above 2073.  Buys them some more time for now by jawboning away from yet another legit short setup.  let's see what happens at 2085 and 2091-93.

Thu, 02/12/2015 - 12:23 | 5775982 disabledvet
disabledvet's picture

Technicals are just round numbers now.

Move along...

Thu, 02/12/2015 - 11:27 | 5775791 valley chick
valley chick's picture

MOAR stock buybacks??

Thu, 02/12/2015 - 11:28 | 5775794 replaceme
replaceme's picture

"investors" are also saying "10 on the YO, 10 on the Hard 8".... That's what this article means by investors, if I follow...

Thu, 02/12/2015 - 11:31 | 5775808 RadioactiveRant
RadioactiveRant's picture

Why knock Treasuries? When shit goes down there'll be a flight to "safety"

Thu, 02/12/2015 - 12:10 | 5775938 noben
noben's picture

Bether than All Cash or All PM these days.

Between NIRP and regular PM beatings (not to mention fees on PM buy/sell), Treasuries are as good as anything for Nervous Nellies.  

Get some, and add 'em to your stash of Stocks, PM and Cash.  Cause you never know what you will need when, or what performs best in the future.

Thu, 02/12/2015 - 11:33 | 5775816 LooseLee
LooseLee's picture

IMO these people buying US stocks & bonds are not 'investors', but speculators. Also, they are not very wise IMO. The day of rekoning is not too far off. Hopefully, everyone will get what they 'deserve'....

Thu, 02/12/2015 - 11:36 | 5775834 RadioactiveRant
RadioactiveRant's picture

Treasuries will go to the moon when stocks crash, where else (other than gold) is the money going to go? It'll take days to monetise the lot and really fuck things up.

Thu, 02/12/2015 - 11:42 | 5775851 Baby Eating Dingo22
Baby Eating Dingo22's picture

There are no "people"

It's all algos now

 

Thu, 02/12/2015 - 11:39 | 5775841 q99x2
q99x2's picture

You have to be BuyingTFD. You don't worry, You don't think about it, You just BTFD. BTFD. Markets are graphs of central bank software and the bankers are there to help you make money. So BTFD.

Thu, 02/12/2015 - 11:41 | 5775849 Baby Eating Dingo22
Baby Eating Dingo22's picture

Yesterday, Greece was fixed...then it wasn't

Today, Ukraine was fixed...then it wasn't

Tomorrow, O'bama wakes up to find 18 trillion under his pillow

Thu, 02/12/2015 - 12:03 | 5775919 brooklynlou
brooklynlou's picture

Why does all remind me of the ending of Trading Places, with Dan Akroyd and Eddie Murphy in the role of the Fed?

Thu, 02/12/2015 - 12:06 | 5775925 SheepDog-One
SheepDog-One's picture

AH yes, 'the investor'....those mythical people with so much money they don't know what to do other than BTFATH'S with it, yea.

Thu, 02/12/2015 - 12:07 | 5775930 escapeefromOZ
escapeefromOZ's picture

So all possibilities of productive  investment have been eliminated . 

Banks with negative interest , Bonds with ridicolously low returns , 

Shares going up and down like a yo-yo  but the only game in town then becomes punting on the stock exchange hoping for a lucky shot !

A fall in the values of shares will wipe out all remaining desperate punters 

Thu, 02/12/2015 - 12:19 | 5775965 2muchtax
2muchtax's picture

There is so much moral hazard in a third-party managing your money. I've never panic bought anything.

Thu, 02/12/2015 - 15:40 | 5776131 Comte d'herblay
Comte d&#039;herblay's picture

I once got panicked in 2009 into buying a short Triple Inverse fund, and have lived to regret it till my dying day, acutally all my living days too, and I don't think god wants me until I have suffered the ignominy of this defeat for many decades. She's a great candidate for ISIS recruitment. 

Thu, 02/12/2015 - 13:15 | 5776265 RealistDuJour
RealistDuJour's picture

Where's the daily update on the price of oil handle?  It is at $50+.  I guess it's only a handle when it's under $50, that makes a much better doomngloom narrative.

Thu, 02/12/2015 - 13:22 | 5776301 TheAntiProgressive
TheAntiProgressive's picture

FED to tighten, NOT, get ready for QE4 in a US shock and awe effort from Gram Yellen.

Thu, 02/12/2015 - 14:26 | 5776757 prospero matthews
prospero matthews's picture

30yr. ?... BTFD

Thu, 02/12/2015 - 18:23 | 5777995 Wild Theories
Wild Theories's picture

most likely "capital rotation" from the Eurozone to the US

 

this financial world of ours is a really small pond...

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