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Dismal-Data Drives Stock Buying-Frenzy; Hindenburg Omen Re-Appears
The machines were hard at work today....
For the first time in 2 months, the mysterious Hindenburg Omen has re-appeared (and, as is clear below, has been 'useful' since QE3 ended). Reputation aside, the 'omen' is merely an indication of the mass confusion under the surface of stocks with advancers and decliners and new highs and new lows not playing along with the market's surgefest. The last few times we had an 'omen', markets tumbled only to be saved by Central-Banker-Speak...
From Friday's late-day buying panic effort to get The Dow green year-to-date, we have extended gains amid weaker and weaker global data...
UPDATE: As soon as the cash markets closed... futures astarted tumbling
Today was not a short-squeeze-driven move...
As Equity prices decoupled from oil at that time also...
Credit markets did not seem enthused by today's exuberance...
As Treasury yields and stocks recoupled post-payrolls...
EURUSD bounced once again off the key 1.05 trendline level but faded later on - and notably was unable to make a higher hig bounce...
Of course today's biggest news was in oil - where WTI cratered to fresh 6 year lows (and a $42 handle)...
* * *
On the day, despite the collapse in oil, Energy stocks surged... over 2% off their lows!!! Biotechs are just bananas by now...
Treasury yields ended the day modestly lower... but traded in a narrow range all day
And the USD had its worst day in 5 weeks...
Despite USD weakness, Commodities were lower with crude the big loser...
Bad news is Great news!!!
Charts:Bloomberg
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Higher stock prices, higher bond prices. That's a lot of claims on wealth. But where's the wealth?
Being funneled to the Rothchilds.
Buy Salesforce.com et al. really, really high & sell low!
I'm putting on my Lululemon yoga pants on this damn slippery Lumber Liquidators laminate flooring and am then off to Chipotle & then the mall for some discretionary shopping therapy in my Escalade!
If you mooks only knew..
And what did I tell you last Wednesday!
http://www.zerohedge.com/news/2015-03-11/3-odd-charts#comment-5878246
DUH!
So a break below that line......
C'mon... You can figure it out..
But fuck that. When is the mud fight between Hillary and the iBitch anyway??
I see a glaring lack of homage to AAPL.
On the way back...please pick up the kids a few burgers from Shake Shack. ;)
SPRINGFIELD, OHIO – Across the street from a shuttered Kmart and a boarded-up Chinese restaurant, the parking lot at Upper Valley Mall sits mostly silent on a recent weekday afternoon.
Soon, Springfield residents will have two fewer reasons to come to the mall: Macy's and J.C. Penney, two of the four anchor stores since the shopping complex opened in 1971, will be gone – casualties among a national mass of chain store closures.
"Pretty soon, it's not even going to be worth the turn to come out this way," said Melissa Pullen, 28, standing outside Macy's after buying a pair of pants.
Macy's, J.C. Penney, Sears, Deb Shops, RadioShack and Wet Seal are among retailers closing thousands of stores over the next year.
http://www.usatoday.com/story/money/2015/03/14/springfield-ohio-upper-va...
So instead of what should have happened to banks back in 2009, they pushed that onto retail stores instead?
But the BLS said that...and Obama said that...and Yellen said that...Am I supposed to trust my lyin' eyes? Can't someone just tell me what to think...ahhh...so much easier that way...let me slip back into the matrix, never to be heard from again...
I stopped at a strip mall in my town the other day and noticed that a beer and liquor store had closed. WTF??? How are they going out of business?
I think you are supposed to order a grilled cheese sandwich from that new delivery service or its that defunct already? I can't keep up.
Miffed
Miffed,
You remind me that I haven't heard gotta buy groupon in months on the shows.
"I'm putting on my Lululemon yoga pants..."
Hopefully your wearing the seethrough brand. Gotta catch your 15 minutes of fame don´t forget.
State Farm Commercial Husband's Voice (one talking to "Jake" at 3 in the morning):
"Well, he's a guy...so..."
But I DIGRESS! See through crotch it is!
Check the bank accounts of the .01%!
wake me when there is a nagasaki omen
The wealth (manufacturing, R&D, jobs, gold) has all been sent east. All we have left are paper claims on wealth, and paper claims on those. We are wealthy on paper. Just wait until someday the rest of the world says "OK, we have enough paper. What else you got?"
Absolute proof that higher rates are GOOD for the market...
wow. it really is a new-normal, isn't it?
my roomate's step-mother makes $79 hourly on the laptop . She has been fired for 10 months but last month her pay was $18694 just working on the laptop for a few hours. see here... www.globe-report.com
We've seen a lot of Hindenburg Omens in the post-2007 era and none have come to anything. Market signals only work in a market.
Yep, reality avoidance at its finest and we have computers to prop the market up thousands a times a second...
Hindenberg Omen now means stawks set to blast 5% higher soon.
I friggin' love the HO's..... Rodney tells us what they really mean:
https://www.youtube.com/watch?v=mOD0XCm57d8
Right after the fed gasbag omen.
Maybe it don't work when the Black Swan is out Golfin.
It's all Bullshit!!!
LOL!!!! Did you use Fiver?......Holy shit...hahahahaha
Fuck Reality!!!!! Buy stock Bitches!!!!!
I don't see a problem, just re-arrange the deck chairs and have the band play an upbeat tune for dancing and all will be well.....
EveofdestructiontaxdeductioncityinspectorsbillcollectorsModclothesindemandpopulationoutofhandsuicidetoomanybillsHippiesmovingtothehillspeopleallovertheworldareshouting'End the war'...
...and the band played on
Takin out 7 year car loans to by this shit! MOAR and SHUT UP AND TAKE MY MONEY FASTER!
You can even get a 7 year loan on a USED car.
Did they launch QE4? I don't see any news to account for the meltup...
Not yet. But they will! THEY HAVE TO! At this point, the central banks are everyone's bitch! Buy buy buybuybuy, and if the stock market craters, Mama Yellen HAS to fucking bail me out! Free motherfuckingmoneybitchezzzzzz!!!! OhmyfuckingGod, my HEAD'S ON FIRE!!!!
BBBBBB TTTTTTTTTTTTT FFFFFFFFFFFFF DDDDDD
B B T F D D
BBBBB T FFFFFFFF D D
B B T F D D
BBBBBB T F DDDDDD
Yeah Be The Fucking Dope!
Go ahead you morons
You seem angry bro?
Economic data has nothing to do with graphs of software applications unless the data is part of the application.
Just 11 trading days to get stawks moar greener for the quarterly 2/20 !
Baby needs new shoes !
well as u pointed out in the article tyler, everytime the hindenburg omen has been spotted, ''markets'' have tumbled (i dont ever recall ''markets really tumbling) only to be saved by central bankers.
well thank the mighty lord, that wed we get to here from the fucking cunt janet yellen, so if tomorrow were to bring a little downside pressure, by wed all should be cleared.
any time the SPY goes up more cents than I can bench press, I take profits! then I ride my dirt bike over big mounds of... dirt!
- Robotrader
"Sister Golden Cross" by America
Well I update charts on Sunday, but I got so damn depressed
That I put it off till Monday ‘cause I got myself too stressed
I ain't ready for a rally but I do agree there's times
When technicals sure can be a friend of mine
Well, I keep on thinkin' 'bout you, Sister Golden Cross, despised
And I'm still a cautious skeptic, can’t you see it in my eyes?
I’ve been all short and despondent, I’ve been duped too many times
But it doesn’t mean I’m going long this time
Will you meet me in the middle, or will you soar into the air?
Will you pull back just a little, just enough to trap the bears?
Well I tried to fake it, I don't mind sayin', I just can't buy it
Golden Star for you. Very clever...
++1001 dude!
That is awesome!
Gee thanks. It seems folks like 70s parodies the best, which can only mean: you're all getting old as hell, like me :) Wrote a few to use if we get a major correction, but don't think I'll live long enough to post them ...
Love it! Now dedicate one to Yellen--maybe "A Horse with no Shame."
I must warn you, kind sir, once you begin constructing parodies, even innocent titles, you'll be like me -- with a pad and pen by your bedside. Thanks to you, I couldn't eat dinner without at least providing you a quick couplet:
You see, I’ve had all dessert
From a Chair with no shame
It’d be bad to turn out like Spain
But to eat right, you need some meat and a grain
But no ZIRP, like broccoli, gives too much pain
La, la, la ...
But that would have to be dedicated to Kerry.
Biotech and healthcare stocks - yeah - we know where we're being bled out.
Hopes of more Central Bank gravy and the FED giving up all semblance of credibility to juice the markets - just another quarter, another year!
take credit - buy gold and bury it. PROFIT
"take credit - buy gold and bury it."
SECURITY
There, fixed it for you.
p.s. gold is money, i.e. a way to maintain wealth, not an investment
And, gold is long term, best thing to leave your offspring. No taxes, no probate, no lawyer, nothing.
Im beginning to wonder about your posit on AU...The yellow dog has been stuck levitating at these ridiculous levels for fucking EVER.
It was so refreshing back in the beginning of the 21st century when it was at $299 and an OBVIOUS golden investment. I truly believe that sheeeit is SOOO FUCKED up and out of balance that its not budging not only due to manipulation but also to a sort of mass conciousness that we will probably go straight to a Mad max society where toilet paper, booze, cigs and food are the new gold.
Where's the beef?
How many Hindenburg Omens have occured over the last year, Z/H?
Um...did you not notice the chart above that marked all the Hindenburg omens and what happened after them?
Are you guys still pushing that Hindenburg Omen? How many times must it fail before you stop quoting it?
AS MANY AS IT TAKES YOU MOOK!
so "bonds weren't buying it" - "again" LOL... hilarious...
30 yr still ain't a buyin it....on its way to the 1's.
Maybe even the minus ones.
The un-fed, PPT whoever else will slam the brakes on any serious stawk drop. They do it time and time again. The system is completely devoid of any reality, a complete fraud.
Just endless key strokes on auto pilot. Bad news will always be good news on the "free" ride to 20,000 and beyound!
Being different hurts sooooo bad!!!
C'mon Gold should have been green at least $1 today. Boy the manipulators are brutal.
They have to ensure the cattle prod is rammed all the way up any gold holders kornhole all day every day!
Gold is fer spendin, not saving.
Hindenburg Omen overruled by the Janet Yellen QE Omen.
Back-dooring QE.
Has to be on the table. At the "hard money Republicans" have been whining and crying for months now. Plus "gotta have that trillion war on the Taliban" and "evil terrorists." (Insert Russia here.)
I'm still trying to figure out who is worse...Congress or Wall Street. "Slavers gonna slave" and that's all there is to that.
Folks long actual real estate (not the debt of course)???) here are just plumb crazy.
Muni defaults should begin in earnest come Spring...or in the case of North Dakota Summer...which apparently is right now these days.
80 degrees? Really?
I Believe that S&P GAAP earnings are down to $118. Thank God for all those buy backs or we might be in real trouble. Now "load up that truck" preferably with a loan for said truck and BTFD.
nobody wants to get short before the Lizard of Oz speaks on wednesday...
Well we have had the majority of all market gains in the past few years as a direct result of FED announcements.
Combine that with the fact its also triple witching and the market is practically guaranteed by the stats to go sharply higher from here.
I just love a Brooklyn Yiddish accent, even if they took a course on English Elocution
LOL figures....after cash close S&P gives up half the day in 2 minutes. You've got to be a lunatic to be in this shitshow!
it's all about the close - 16 hours for sheeple to read : DOW UP 228 POINTS!
If you've been long gold all the way down from $1,800, losing value daily must now seem normal.
If pain gives you pleasure, think back to $40 silver.
Tell me how it hurts so good.
In at 350 around 1997, and out at 1160 around 2010, and it feels pretty good, thanks. Also, I was making gains trading it those years. Best I've ever done in the markets since 1962.
In $CDN terms. Fucking awesome!!
Infinite "Out-of-Thin-Air" Tertiary Wealth (paper) chasing shares in Secondary Wealth (a piece of a Businesses).
That way, corporate buybacks are great for executive stock options (get free, sell high). Ain't crony capitalism great?
p.s. You can bet yer Ass(ets) that PBOC has already made a deal with the Fed that China won't just dump US Debt, as long as China can buy gold and the Fed will discourage gold buying by other significant players (in the West). One hand washes the other...
Yeah but watch Pooty piss in the punch bowl any day now.
These drunk with their own arrogance Western elites are about to get a bloody fucking nose if they push another millimeter too far.
How much longer can this go on? 1 year? 2 years? More?
More!
Because the lunatics are in charge of the asylum!
Looks like all the Shale/Energy/Oil finance was used for drilling, is now being re-purposed for stock buying. Over the last 6 years the finance machine has been optimized and running Zimbabwe style.
Today I got out of all shorts for this year...and won't go back short until it is obviously coming down.
Sitting on cash and waiting for the blowout, melt-up, or crack-up-boom tippy top. The DOW could double from here on all the mayhem and finance to fund it.
All the major central banks are synchronized and fully supporting each other.
I would what will happen the day Yellen says...yep raising rates....would want to be buying that dip! We are getting closer
Both the Dow Jones Industrials and the S&P 500 are performing as expected. There will be a lot of volatility this week with the Fed pontificating Wednesday and the quadruple witching on Friday. But at the end of the week, markets will have finished correcting a bear market rally and the downtrend will continue gaining momentum as prices resume the collapse of the last two weeks.
Dow
http://www.globaldeflationnews.com/dow-jones-industrial-averageelliott-w...
S&P 500
http://www.globaldeflationnews.com/sp-500-indexelliott-wave-update-for-w...
I think the Fed et al will do anything and everything to prevent a market decline, will exhaust any and all options to maintain the current market levels, just the same way they will do everything to keep the price of PMs from rising.
In aviation terms it's like the FED keeps pulling back on the elevator hoping to keep the nose and altitude up as the engine runs out of petro. The smart aviator will ease the nose down, keep the plane in a controled glide and manage a survivable forced landing. (Like Harrison Ford).
In contrast the dumb panicky aviator keeps pulling back on the elevator until the plane stalls, and from there a non survivable crash ensues as the plane drops from the sky.
So, when Yellen, Fischer, et. al. take to their ejection seats we'll know its the end?
https://www.youtube.com/watch?v=cFods1KSWsQ ;)
Huh? The economy is doing so well that an increase in the interest will be a none event. Why worry? The FED is in control.../sarc...
This is where it's headed.....
[img]http://i.imgur.com/L5oHr7I.png[/img]
Before you read another financial blog article, save yourself some time (and maybe some money and aggarvation)
http://www.marketwatch.com/story/psych-101-crash-2016-correction-2015-wh...
That article was crap.
It is not widely known that 5 million Americans starved to death in the Great Depression of the 1930s
My mother's parents had 6 children and, to feed them, my grandmother made homemade bread and had those 6 children sell bread, door-to-door, for 25 cents per loaf. When the bread didn't come out well enough to sell, they gave it to people who were worse off than they were.
I expect the coming crash to be much worse.
FEMA will distribute free rations of Pop-Tarts to the starving masses. Nobody will die of starvation but they will die from lack of proper nutrition. No black mark against US.gov!
The Hindenburg Omen continues to be a perfect predictor of mentions of the Hindenburg Omen on zerohedge.com.
Sell EU during the day.
Buy XAU at night.
Wash. Rinse. Repeat.
Omens are for bitches bitchez!
Again, the numbers are nothing that can't be cured with non-gaap measures.
Know anyone buying an iwatch thingy? I really want to know why. EGO? That is cool and understandable. Obsolete next year as they introduce the new model? That's what everyone says. I guess that WOULD be good for the "eCONomy".
IWatch. Not for me. There again I haven't got a watch anyway, but what's the point? Constraints on cash and I have an iPhone in my pocket. What can an Iwatch do that it can't? I think Apple has peaked in idea terms. Apple should buy precious metals with it's cash pile. That would be interesting.
According to Natixis:
http://www.ge.tt/5osnEOC2/v/0?c
March 13, 2015
What are the differences in economies where debt ratios are very high?
Debt ratios (public, private and total) are at present extremely high in a vast majority of OECD countries. How does this change the functioning of these countries' economies?
• Fiscal policy becomes more restrictive and can hardly become very counter-cyclical due to high public debt ratios;
• The private sector deleverages, and monetary policy can no longer use the credit channel;
• Central banks have an incentive to conduct expansionary monetary policies to facilitate deleveraging.
In countries where debt ratios are very high, we can therefore expect to see:
• Weaker growth (a restrictive fiscal policy, private-sector deleveraging);
• Deeper recessions (lack of counter-cyclical capacity of fiscal and monetary policies);
• And yet a sharp rise in asset prices (equities, real estate), due to expansionary monetary policies and long-term interest rates that are lower than growth rates.
Paradoxically, excessive debt ratios can be positive for equities and real estate.
I BTFD the other day and am happy I did now. Goes massively against my inner feelings. This market would be high at half it's current levels if reality were allowed to take control. So on a pop tomorrow perhaps I'll close and go flat. Hindenburg Omen may be wrong this time but no harm taking a profit I guess. Fed yapping and Expiry suggest up, but perhaps there is a surprise in store....