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Who Left the Crash Window Open?
Submitted by Charles Hugh-Smith of OfTwoMinds blog,
Can stocks keep hitting new highs even as sales and profits fall?
Given that we live in a world where a modest 3% decline in the stock market triggers panicky demands for more quantitative easing (QE 4), few observers expect much a correction, regardless of the souring fundamentals such as sales and profits.
A correspondent notified me of a Puetz "crash" window (based on the analysis of Stephen J. Puetz) opening in late March-early April. (Since I am not a subscriber to Puetz's work, I can't confirm this.) As I understand it, while these windows do not predict a crash/sharp correction, such moves tend to occur in these windows, which are based on cycles and events such as eclipses.
So I decided to look for any evidence that a sharp correction might be in the offing.
One classic precursor of corrections is weakening market leaders and narrowing of breadth/liquidity/volume. When leaders who pulled the index higher roll over, the index is usually not far behind.
Consider the chart of Apple, (AAPL), long the engine that has been pulling the indices higher for years. Apple's chart is looking weak:
Another classic precursor of a decline is high levels of complacency, which is reflected in a low VIX or volatility index. When fear has been vanquished, the VIX declines to the 10-12 range. These levels reliably indicate market tops.
Interestingly, the VIX has been tracing out a descending wedge, a pattern that is usually bullish. (The VIX soars when stocks fall sharply and fear comes alive.)
The signs of a global slowdown are so plentiful that even the most ardent bulls should start feeling caution. Yet the central-bank-driven stock markets in the UK and Germany are hitting new highs, and the S&P 500 (SPX) in the US is within a few points of its all-time high.
But the S&P 500 is acting rather tired. Despite the declining VIX, the SPX has only managed a tepid 30-point gain in the past three months--months that are typically among the best in the calendar year for strong equity gains. This is characteristic not of a robust Bull trend but of a topping process--a process that typically takes several months to manifest.
Can stocks keep hitting new highs even as sales and profits fall? History suggests we've reached Peak Central Banking--the faith that central bank easing can push markets higher forever, regardless of fundamentals, has reached near-euphoric levels. Few fear a decline or an increase in volatility.
So it's all smooth sailing even as the global economy slides into recession? That is a disconnect from reality that beggars belief.
Perhaps the VIX will soon awaken from its slumbers, reflecting a "surprise" plummet in stocks.
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Roses are red and elephants are blue. Let me send you another IOU.
Got Gold Bitchezzzz?
Top of the world ma!!!
https://www.youtube.com/watch?v=ZjVWORC3Wcc
... "which are based on cycles and events such as eclipses".
Did I hear eclipses? that sounds like solid financial advise. So, the sun says March-April correction. Should I go all-in selling the April calls?
The stock market doesn't have to crash. If we all believe that it will go up forever it will. It's just a matter of confidence. </sarc>
Do you remember Hurricane Sandy and how it flooded the vaults in the New York Financial District?
Do you remember how you were told that everything was electronically backed up?
Well do you really believe that?
They have lied about everything else. Why would they not lie about that?
Nobody really know who owns what...in stock, bonds or other paper assets.
If you do not hold it then you do not own it.
In a few years Vice President Dimon or Blankfein will hold a nationally televised press conference at 8pm and tell the nation
"Remember all of that money we printed....JUST KIDDIN!"
I don't see them taking the pay or prestige cut.
They both seem to run a self serving, manageable slice of the World now.
You know a big correction is coming and we are getting closer every day. The more the Fed juices asset prices the more nervous and twitchy investors become...evryone is watching the market closely; greedy fuckers want to time their exit. It won't happen that way. The faser this market rises the sooner it will take a big tumble...mark my word.
WE MUST HAVE YIELD AT ALL COSTS!!!!
http://www.bloomberg.com/news/articles/2015-03-22/no-risk-too-big-as-bon...
OUR BONUSES DEPEND ON IT!
Why there is not a screaming howl that makes the skin crawl is just a reflection of the level of delusion.
no big correction, EVER. They will 'declare self help' on any drop. the wheels of industry will fully stop before they allow it to crash, if ever, and if it does it will be an orchestrated harvesting of equity by the 0.01%ers
We have to stop thinking about the economy in terms of stock prices. Venezuela and Zimbabwe show us perfectly that an incredibly high stock market is a function of nothing but toilet paper money. (thats why theres no toilet paper on the shelves in venezuela - its all at their stock market)
Stock prices and company value are completely disconnected and the Fed completely destroyed value discovery. We're approaching an inflection point and things will gradually crumble till there's nothing left to hold the economy up, then we will get to rediscover survival at the subsistence level. Over-population will no longer be a problem when half the people are dead.
A lot, if not most was destroyed. Servers, bearer bonds, deeds. Definitely a visit to the most skilled restorer, they can afford the best.
Tall Tom
"Nobody really knows who owns what"
The ones who truly do, only have belief of the masses as proof.
Dog................. We need a man with a plan and scuba gear!
I can't wait for the flood to hit and wash all this filth and horseshit away...
.
Its inevitable - so lets get on with it before im using a walker or wheelchair.
In 2003 Hurricane Isabel flooded downtown Baltimore. Part of the flooding involved the Baltimore City Police Departments Evidence Control section which was located in the basement of the building... take a guess what happened to evidence?
http://caselaw.findlaw.com/md-court-of-appeals/1560279.html
The crash will begin when Pluto enters the constellation Flapdoodle.
Ignore Sheema and Shmita at your everlasting ignorance.
bs graph porn, senseless.
do not wake me up until the media open on -20% dow with full panic and cities in flame with mass riots and baboons looting every possible stuff.
http://www.msn.com/en-us/money/companies/10-retailers-closing-the-most-s...
Thanks.
I can't think of anuthing that I need or would like to buy. Been like that for some time now.
Times seem to be tough for children's/youth clothing retailers.
Besides Aeropostale and Abecrombie & Fitch on this list, Ruum has closed all stores and gone online, Delia's has closed all stores/out of business, naartjie U.S. closed all stores/out of business.
Gymbocorp (3 brands) seems to be struggling and their product quality has tanked.
Gap stores (3 brands) ditto; not just children's clothes, but a big drop in quality and selection.
I don't even bother with Gymbo or Gap brands...not even worth my time to browse.
The Children's Place seems to be well managed. Their marketing and promotions are strong and they have a steady stream of new product.
From a mom who is active on a message board with a few thousand other moms.
Three Staples just boarded up in my city. More closures on the way...yet i see new strip malls being built like crazy, usuallywith the three American bedrock businesses; donut shop, nail/hair salon and a car wash.
Roses are red
That part is true
But violets are purple
Not fucking blue
Hickory Dickory Dock...
https://www.youtube.com/watch?v=aTKZRire8Wg
Roses are red
And violets are purple
Sugar is sweet
And so is maple syrple.
Dang me!
Yep.
In what wampum are stocks priced? It's not gold, it's priced in USD, a toilet paper fiat that is plummeting in value. How do we know, quantitatively, that this is so? Gold will now buy 1100 of the $$, so I ask, why should a drop in sales, profits, ratios matter if the pricing numerator is going to shit?
The answer is that the stocks numerator must continue UPWARD or the value of the companies also goes to shit. That may be, but the buying public believes, or perceives, that the oil price has to rebound, forget supply demand, but the wampum used to buy oil is going to shit, too. The value of the companies are also going down somewhat in real terms but not falling off a cliff. It's the price, or worth, of the wampum that's the real prime factor in this 4 dimensional dilemma.
The prices have to keep going up, the USD will end up on the bottom with the other fiats in short order. IMO, that's a given.
What would I rather own, a stock backed by oil, pipelines, and refineries, or, the $$. The only way I will hold $$ is for expectations of buying gold and companies cheaper than they are presently. A double cross of middle America guarantees fire sales of some undefined magnitude. The companies pay dividends, the King USD pays Jack.
I'll have to flip a coin to determine if I believe in the Big Apocalypse when it comes to quality companies. The wartime German bunds went to shit but Mercedes and Volkswagen corp bunds survived and recovered.
I'm heavy in both $$ and Au but won't hold out much longer for Armaggedon. In fact, I'm wading now, itching to plunge.
Capital will always look for the safest place in times of uncertainty so hate to say it but the "toilet paper fiat" USD is it right now and not only that but there is distrust in the US gov't so it will be the stock market that will see the capital flows. It won't matter if the company sells diapers to martians it will go up because scared capital doesn't use fundamentals as a gauge. Sure eventually the top will blow off it all (crash everyone and his brother is predicting now) but we are in for one hell of a stock market ride in the next 2 years or so. Once you see the market from the other side of the pond you will understand why the US stock markets will defy gravity for a while longer.
Thanks for the simple clarification, mt14, you put that into concise eloquence.
PMs and commodities will both have thier day again at some point in the future, but you'll be punished for holding them in the meantime (ie they should continue to fall). The problem will be that people assume that demand for product (thus profits) are always linked to stock prices because in a normal market usually they are, but scared people do crazy things and the concern now is to get return of my capital far more than a return on my capital.
I disagree, actually. The second shit goes haywire, gold is going to spike. Because as bankruptcies start happening, well that was money loaned out from the Fed. The only way this excess money gets destroyed is if it gets paid back to the Fed. None of these companies are going to be paying any of these loans back, and when that happens, the central bank becomes insolvent. Hyperinflation.
Also, remember how many bonds (and stocks) the Fed has bought. As it raises interest rates, it's really destroying the worth of what it just bought. Isn't that insane? And isn't a dollar an IOU from the Fed?
Still, keep dollars on you, since it is really the only (legal) tender.
When you are the central currency of the world and people have not yet lost faith in your markets, then you can pretty well print money with impunity (ie no risk of hyperinflation). This is why even with all the QE already in the markets, they still can't seem to kick start inflation. The issue historically is that eventually the politicians try to halt the fleeing of capital to other markets by raising interest rates and often overshoot (remember the punishingly high rates during the early 80's?!) The reliance on the USD as a world currency reserve now is even greater than back then so corrections will grow in amplitude but market will continue higher for a bit. Capital needs a place to flow to and US markets are considered "safe" for now. I'm not saying PM's are never worth holding, just that timing is everything and in the short term they will continue to fall until confidence in all governments builds sufficient momentum. You may get a few gold spikes here and there as volatility rises but you won't see it challenge the 1980's high (in todays dollars) until the lack of gov't confidence peaks too.
With timmys turbo tax, yes you can.
"Anything is possible with an infinite printing press and fiber optic access to the CME" - the FED
Now CHS is doing charts?
You can only talk about cargo cults for so long before you have to find something new.
Yes they can
if factories produce enough consumable goods one does not need to create more factories
but if one continues to print more money it will keep increasing the price of the existing factories without affecting the price of the goods being produced
this can go on up until it becomes cheaper to build the identical factory from scratch rather than to buy the existing one
"such moves tend to occur in these windows, which are based on cycles and events such as eclipses."
I see your endlessly printed FRNs and raise you a solar eclipse, bitchez.
We can't blame Mr. Yellen or The Bernanke for anything. So, yeah, let's blame it on an eclipse.
Blame It On the Rain (another scam from Milli Vanilli)
https://www.youtube.com/watch?v=hFWngq2L99o
https://www.youtube.com/watch?v=2hSh3859ZzA
23. Tom Waits - Jesus Gonna Be Here (Live, Atlanta 2008)
I have been visiting this site regularly for over 4 years (some not with an account before you feel inclined to check).
I buy the ZH 'perspective', I really do, but I would have bet the farm on the wheels falling of this 'market' ages ago. Instead I have watched rabbit after rabbit after rabbit being pulled out of this manipulated pos, and I am even thinking now this could go on, a la Japan, for another 10 years.......say it 'aint so!!!!!
K@
It's never a bad idea to be early.
I bought gold at $273......yes......I was highly criticized for doing that.
Glad I did though.
ah, i remember those days. livin in vegas, gold was 250-97/98.
@M. BadKiTTy, most rational and even moral reticent people feel the same.
Unfortunately, that is a small slice of the general pop.
We are currently applying for an oppressed minority status and a checkmark on the 1040a./s
It ain't so, happy now?
I bought gold at $ 500 but that was over 20 years ago----not such a good investment over time
it will, until it cannot....
fyi, why such circus with russia over ukrain...? decoy.
war is the economic reset boutton.
in this era of time, be in economic chaos send bad status of a nation to the world, in conflict time it means " i'm weak, fist me bad " so prior to pull down the trouser on the knees, better to piss in someone else's boots.
you only have one thing to do, stack, equip, secure, train, and wait.
we cannot do anything to change that, it is too late.
until it cannot....
I had a dog.....his name was Bingo.
In the absence of true price discovery, the market may never "crash", but it will sure as hell become less and less relevant.
It's not like America hasn't been here before. The FRN has been "revalued' at least twice in the last 100 years. Yes, that's right, you wake up and any wealth you had in dollars was immediately worth 30% less.
demographics and the laws of Nature and physics are a real bitch. Unless you have saved billions already, the age of the white male is pretty much over. Glad I have real wealth to leave my offspring. They will still have to work hard to keep the business, but they will have a great life.
As everyone must be a Financial Warrior today:
- One of the First Lessons is how many Secrets there are, you can call it Education & Networking but it is the same, people are holding back data and info, Plus they can change the Rules and Put out Propaganda (Like a Super Power), Plus people use Lobbying and Money to get Waivers from Eric Holder
- Military Secrets
- Government Secrets
- Congressional Secrets
- Corporate & Banking Secrets
- Investing Secrets
- Training for Sports & Competition Secrets
- Engineering, Tech, Computer, Science
The Experts know that 97% of the people just don't have the insight into their Area of Expertise, and people can't check it out no how, no way.
Yes, there really are "clubs" and "tribes", get yours in order ASAP because financially speaking WWIII has been underway for quite some time.
Sometimes I think about getting a franchise; car parts, sandwhich shop, fast food, Oil Change, ... I don't see opportunity in hotels... really don't see restaurants working out for me... bar or liqour store in the USA has lots of risk and problems... even a mini storage lot could have a lot of time requirements and low cash flow...
Lots of stores don't have cash flow and in recession have lots of worries.
I'll probably sit tight.
Check this movie for more understanding and the right moment for a SELL.
"Princes of the Yen", available on YouTube.
The market is waiting for me to capitulate and jump in with both feet before it tanks...at least that is how it always worked in the past.
"...such moves tend to occur in these windows, which are based on cycles and events such as eclipses."
Then THIS is the area the author should have researched and added it to the charts he provides.
Somebody needs to look at Puetz' work.
http://ejmoosa.tumblr.com/post/114372812124/the-djia-in-profit-dollars
I keep hearing that U.S.-based international companies' profits will fall due to the rising dollar. However, the flip side of this is that the same imported goods cost less than a year ago. Hence, unless your sell price is lowered, your profit is up, not down. I know because my company is a large importer.
But your business must not be raising any prices overseas, which is the flip side of the equation. Therefore they are making less profit on overeseas sales in dollars.
Tell them to raise their prices, and then we can see how this game progresses.
Likewise for a farmer like myself, all the input costs are effectively down, due to the strong dollar. We raised prices a little, but not much. Business to Asia has been great. Brazil has slowed a little, but not much.
Ever thought of having a fish pond and charge people to come and fish.
Aquaculture seems very technical with diseases and bacteria... if you have 4-8 pools in a warehouse to sell masses of fish.
But to have some land with some fruit trees and a fish pond just for some pocket change...
Not sure how many here would pay extra unless I offered Trout or Salmon.
if there is a correction better btfd. there is no market, there is only old yeller. ask yourself one question. does old yeller want lower stock prices?
to me it is just a last call on the table before being forced to fold.
at the end of the hand, there is usually only one winner.
split pot is not an option.
There should be a chart for Complexity Index for USA.
-
---------------------
- Complexity Index -
---------------------
- Bankers, Politicians, Lawyers, and Lobbyist add complexity every year
- Federal Agencies Never Disappear (just like congressmen)
- New Agencies and Offices in Fed.gov each year
- 17 Intelligence Agencies
- 70,000 pages of Federal Income tax Code
- 700,000 new regulations each year
- Many must use Experts to handle business Paperwork
- Voters can't realistically get the info they need for decisions in General Elections
- FACTA Laws
- SAR Reports for $5000 Transactions
- Most of us can't Invest in Stocks and Bonds or shouldn't due to the Hidden Facts & Complexity
- 10 year Civil Law Suits in the USA
- Foreign Agents allowed to Lobby US Congress
- Credit Card Companies can charge 12% or more Interest to it's best customers
- Background Checks for all Job Applicants
- Large Supply of Labor means you must have the highest Education Levels to Compete, be a perfect "Stepford Man"
- Own your own business to keep privacy, free speech, internet freedom OR LEARN to Be An Ass-kisser
---------------------
- Complexity Index -
---------------------
Late Add:
But it would just look like a Steep Decline No Mystery Here.
The event that precedes all crashes:
There is no bigger fool than you.
Lack of liquidity means a lack of bigger fools.
Stabilitee!!!!!!
It's warm and safe here......come to the light!
delectable. simply delectable. the thought of purchasing equities at rational valuations and/or minus 1.0 p/b when the market corrects. just delicious. i can't wait!
Geezus you fucking muppets. They don't give a shit about earnings. All that ZIRP money has nowhere to flow- therefore it doesn't fucking matter how bad earnings get, how bad the economy is really doing, or how much they raise taxes, or any of the fundamentals that we used to use to measure the health of markets. We will ride this abomination right to the bottom. Here's an illustration of the crash window that Tyler is talking about.
Major Kong. https://youtu.be/JlSQAZEp3PA
But the Apple watch tho! #fail
But you can use the Apple iWatch to tell the exact time that the market will crash ... as long as the crash happens in the 3 hour window when the battery works.
Someday someone say "we never saw it coming" as they stand amongst the wreckage.
Puetz window, schmutz window, hard to take these types of chartist analyses seriously, given how markets have flied in the face of them for 5+yrs. Puetz window open, you say? Plosser leaving his fly open might provide just as prescient a signal.
"regardless of the souring fundamentals such as sales and profits."
Income
Commodities
Employment
Exended period of ZIRP
Social Unrest
The market will continue to go up as long as more money is coming in versus leaving.
SPX chart looks bullish, look at massive opex volume on Friday, MACD cross and RSI long way to go to overbought, plus end of quarter the Mafia Primary Dealer Cartel may just gun it.
Does anyone else find it odd that one after another some investment banker, CEO, head honcho of something is screaming MARKET CORRECTION, MARKET CORRECTION and yet nothing happens.
All the while the Fed chair Pat is dancing around the word patience to raise or not to raise even though that most people who follow this sort of thing know that if rates rise then all hell breaks loose.
Something doesn't seem right. Yes I know people never learn and greed can blind those that only care about their portfolio. But how in the fuck can people not see the lies about this economy and market?
Something wicked this way comes and this time it feels like rape is going to be their only option.
Let's not turn this rape into a murder shall we. Because murder is what will happen when bail-ins and confiscation become the order of the day.
When apple drops a bit more they will remove it from the index and replace it with something that goes up. Wallah ever rising index
the funny thing is GS is like 7% of the Dow
A broken clock is right twice a day.
A broken military clock is right once a day !
Never have so few .... done so much .... to fuck up an economy !
the money system demands anti-economy.
there is no economy, that was just common sense.
Molycorp has been hit by a weakened market for its rare earths ....
http://www.bizjournals.com/denver/news/2015/03/18/molycorp-warns-it-may-...
Molycorp has been hit by a weakened market for its rare earths ....
I blame it on the recoveryTM.
All commodities are in peril since the largest buyer is China. So who controls price in a slowdown or deflation ? What happens to Molycorp preferred pushed by Morgan Stanley on prime clients ?
No problem
Announce a buyback
New accountants are needed there, clearly.
QE has produced an interesting market, along with the rest of the gaggle of stock prop-up tricks. Companies will be out of business while their stock still trades at record highs. Now THAT'S American ingenuity!
A crash pre election? I cant see it being allowed regardless of short term cost and long term damage. Seems to me we will get a further flood of fed sponsored buy backs to continue this psychotic equity pump.
Any more desperate moves by the fed (QE4) could very well signal that they've lost control. A lot hinging on market psychology at this point.
Monday, September 14, 2015
Roses are red,
Violets are blue,
I'm schizophrenic,
And so am I.
In UK, the pension is mandatory to all tax payers. Looks like the government is forcing the tax payers to bail-in these mega corporations with inflated buy-back shares.
Time magazine as a hook? Really? Can't think of a more unplugged weekly, although I haven't read it since the seventies and they got it all wrong then as well.
Lumber, copper, iron, shipping, capex, railroads....all these things augering into the earth.....I keep asking why another sunrise happens without the wheels falling off.
"Given that we live in a world where a modest 3% decline in the stock market triggers panicky demands for more quantitative easing (QE 4)"
They are like Pavlovian Dogs, conditioned to get constant returns no mater what. The concept of giving back a point or two invokes a psychosis.
This is seriously fucked.
When GS says buy dont forget to sell!
That question would have some currency IF there was a connection of major company shares to Profits, sales, debt, and other metrics that USED to be handy in deciding whether or not to buy in. (or Sell)
Howsomever,Since the FED and Treasury Jews have been active in seeing to it that the Jews of Wall Street remain untouched by their monstrous, fraudulent activities and keeping a trillion or so to pay themselves 'bonuses' for failure during the 2000-2008 period, packaging MBS loans and 100x derivatives full of more shit than Jerrold Nadler, those metrics are superfluous.
Let us "Never Forget"---in the perennial vernacular of the holocaust pimps, these gypsies, tramps, and thieves, including Bobby Rubin, Alan Greenspan, Steve Schwarzmann, Gary Gensler, Ben Bernanke, Jack Lew, MAry Shapiro, Tim Geithner, Ace Greenberg, Hank Paulson, Barney Frank Chris Dodd, Phill Gramm, Jim Leach, and Bliley, and this Most Wanted List only one of which is actually serving time.
http://content.time.com/time/specials/packages/article/0,28804,1877351_1...
Relax people. We've got 1-2 years more of cooked books before the lie bears itself in full ugliness; it's not like people pay attention to multiples above 20 or even know what EBITDA means and hedgies aren't playing with their own money so WTF do they care.
Draghi says, "Hoist the sails!!
"We've got plenty o' bonds to sell and therefore, plenty o' bonds to buy"
"And we're watching ourselves"
----
Chickens needed new coop. Formed "Fowl properties LLC, Luxembourg". Sought 2.5 Million in private money bond with sixty basis point yield in 5 years. Sold out! Then sold to ECB for 2.5 Million with 40 basis point promised. Collateral is fowl highrise, 6 feet.
NEXT!
Sell in March and go away
Liquidity if you know what your doing, cash if you don't.
who cares?
I'm too busy listenin' to Ted Cruz deliver raw meat to the Republican faithful. How can anyone listen to him, Hillary or any of these pompous blowhards?
Hopefully "Veep" and "House of Cards" are signs of the end, or at least signs of the beginning of the end of the bullshit that passes for politics. I'd rather have some Eastern-European or Asian-style politics where people actually get out of their seats, cross the floor, and actually try to beat the hell out of somebody. At least you know they care.
DUMB article.
Complete waste of time.
Charles, where have you been? Or do you simply feel the need to write for the sake of writing.
Asset prices are managed. Home prices, interest rates, equities, etc.
Stock market crashes when it is decided by central banks and polititions.
If you take Bernanke at his word, it could be decades before normal pricing mechanism returns.
Sick of hearing about the CRASH, move on.
What crash? It goes up and up, then implodes..sometime in the future...I'm certain.
Seventy five percent of the money in these markets is 401(k) money. I think these jokers know these retirement funds will automatically buy more of this worthless crap and drive up prices more every two weeks, come rain or shine, so why should they worry?
Well Chuck, if you base sentiment on reader's comments here at ZH, I would guess recorder-er highs in the major indices are in the offing in the weeks ahead. Of course, keep predicting something continuously over time, and like a blind squirrel who eventually finds a nut, you can take credit for "calling" a decline. Nothing new from the gurus of the newsletter community.
www.traderzoo.mobi
First of alll I don't trust anyone who uses 3 names (nothing personal)!
Secondly.....of courses markets can trend higher when the fix is totally in. Don't you know that stocks have replaced housing as the wealth builder for young family formation via 401K's and seniors with some $$ (am personally only about 20% equities).......this is the new freakin' normal........Dow, S&P etc have to stay high(er) or meltdown occurs. USA looses control (although China's new AIIB is speeding up back door efforts). It will last until some unknown force blows it the F#* up! Cash, bullion in home safe or floorboard will do fine. I am about 13 % of estate combined.
Also, drink plenty of liquids to maintain precious bodily fluids! (See Dr Strangelove for details)
The markets and assets bubbles go up-up, then AWAY!! When? No one knows, but it will implode when it does.
-You can take that to the Central Bank of your choice.
...and I could turn into carbon b 4 it does implode.
It's so E Z to make so-called predictions without specifying the WHEN, but that's called an ill-informed stab in the dark.
Worthless.
Any article that doesn't mention GDP, Bitcoin, or Ebola is a good one.
Can stocks keep hitting new highs even as sales and profits fall?
Sure. Why would one believe that they are or should be related? ROFL!
If you are a Fed crony, political minion or thug they have your back and you and yours will always be bailed out.
If you are not a Fed crony, your consolation prize may eventually be a bullet or long term prison labor performing therapeutic work for one or more of their crony companies.
The shadow government has a shadow economy.
Bigger than what is seen in the daylight.
Peak Central Banking was March 10th 2008. ERGO, we have evidenced
28 successive business quarters of contraction since that peak, Z/H.
Growth net of debt has had about 200 successive quarters of contraction, more or less.
ISS
Its software stupid
The Russell is hitting new highs, but on the ES we're near "possible double top" territory like we were in September and December, so it's not a terrible time for a wag like Smith to call a top. Rollover here and break the lower trend line drawn from Oct 15 to Jan 30 to Mar 12, and his broken clock might turn out to have, accidently, been right. If not, just keep calling them until you're right. Can't miss, if you live long enough.
So the terminal stupidity gene expresses itself yet again, or is it the terminally corrupt gene?
It may be both!
Either way, Nietzsche wrote of the occurence through his character, Zarathustra, with the culmination of his teachings being that all events will repeat themselves again and again forevermore. It is the doctrine of eternal recurrence.
Cheers!
After reading all of these zerohedger's bullish comments, I'm gonna go with Chuck. Most of you clowns couldn't trade your way out of a flea market. Crash helmets please. (Incidently i do recall the last time I heard about this Puetz crash window was Sept 2008. You limpdicks better take note.
Gee, a very informative and eye opening article...sharp analysis Charlie...I'm sure you can also apply the "dick-ass analysis" to show that too...look it up on some website!
Zero Hedge: We got sum smrt peepul round hear!
Why bother with charts from deformed markets. Nostalgia with historic patterns that were girded by less steroids (printed currencies) only drug you further.
Does CME/NYMEX have a futures contract on Crashes? If not, the should start one.
This should put the fear of God in you.
http://www.bloomberg.com/news/articles/2015-03-22/no-risk-too-big-as-bon...