This page has been archived and commenting is disabled.
Well That Hasn't Happened Before - Exhibit 4
We have never, ever, seen equity market breadth diverge from equity market performance for such an extended period...
Chart: Bloomberg
A funny thing happened in April 2013 when the S&P 500 finally took out its previous October 2007 highs... As stocks went to higher and higher highs and lower and lower volatility in an unprecedentedly smooth fashion, breadth (measured for instance by the number of S&PO names above their 150-day-moving-average) has diverged constantly.
In other words, the index's uptrend is being driven by less and less names.
Which is especially noteworthy given the general sideways trend in stocks this year having stalled at the inflation-adjusted all-time highs from 2000...
Chart: Bloomberg
* * *
- 26587 reads
- Printer-friendly version
- Send to friend
- advertisements -




I feel manipulated
They didn't even kiss me first
Just remember when GS was tipped off to the Fed bailout programs in August of 2007 and the "stick save" of the century began.
It ended oh so well in 2008.
Charts, schmarts. Nothing will change. New highs ahead. Same as it ever was. Nothing to see here, move along, people. I said "MOVE ALONG!" (taps billy club hard)
So this time IS different.
I'm making over $7k a month working part time. I kept hearing other people tell me how much money they can make online so I decided to look into it. Well, it was all true and has totally changed my life. This is what I do... www.globe-report.com
The only exibets you need to see are what the boss tells you to see. Now get back in your fucking cave and go to work.
SINCE LEHMANTM!!!!! (No Debt owns copyright)
there I said it.
SINCE J.P. MORGAN 1907 (Open Source Copyleft rules.....modify and redistribute)
This is how the big boys hand off to the bag holders
Yup. Imagine a couple years from now after it's all crashed and some shmuck who got ruined has to try to explain why he didn't see that stocks like Amazon and Netflix were comically over priced.
Once the inside money decides to stop playing games with those bags of 5hit they'll drop like rocks. Bezos will be asking cub reporters at the Washington Post for cab fare.
By bagholders do you mean my 401K mutual fund? Don't worry its diversified into Google, Apple, Walmart, and Amazon. I sleep well at night knowing that I will retire rich.
Much like gold and the miners in 2011.
"...the index's uptrend is being driven by less and less names".
Hmm, I think you mean "fewer and fewer", but yes, I've been thinking that for a while now (crApple anyone?).
It quite often appears one day Apple up, Google down and the next day Apple down, Google up.
DavidC
Oh, you're going to see a lot of things you haven't seen before.
Mm mm divergence spiced up with quandary........ glad I'm buying into this confidence crisis! So I should have more time to nibble on fear but when the markets fall the bottom drops out the ass of a bot! And one criminal fuck trying to buy in the dips of a falling knife like an idiot retailer. No wonder FAZ so firm.
I mean buy into the lack of fear on the fear index.
2000, that was a pretty good year, our microwaves didn't explode at midnight of Jan. 1 and you could still buy a leather belt made in the U.S.A.
I bought a "leather" belt at Marshalls. As I learned after 3 months, it was actually a veneer of leather over some fibrous cardboard like material and it ripped apart.
Thank you China!
The chart says I have no more time to buy uvxy but u have to admit the fear got snuffed out today at the end of day and the Nasdaq was so pegged to flat
OT...
http://russia-insider.com/en/150-tons-us-diplomatic-mail-stirs-kyrgyzsta...
It was Clinton's reciepts from the "transfer".
If you mean the transfer "of Color revolution expert Richard Miles who was recalled from retirement to serve as interim chief of mission in Bishkek." then you may be right
Anyway I'm sure the shipment of 150 tons of diplomatic 'mail' has absolutely nothing to do with George Soros' visit last year or the possible destabilization of yet another country on Russia's periphery...
So, they are paying Cuntlery in small bills???
Possibly in quarters and dimes.
"Delo No. suggested that the plane might have been carrying cash which is intended for paying protesters, as was the case in Ukraine, where 60 million dollars in small bills emerged at Kiev’s Maidan Square during the anti-government protests in late 2013 according to former Ukrainian spy chief Oleksandr Yakymenko."
Elections coming up in October and heck it's only ink and paper after all. We'll know if we see new BMW's and Mercedes rolling up and down the soon to be hooker-lined streets of Bishkek...
breadth, shmeadth. aapl caapl to one treelion dollars bitchez.
Money expert, Merrill Jenkins Sr. (M.R.) - T.V. debate
http://www.youtube.com/watch?v=sGsFK52L0lk (29:56)
Published on Dec 13, 2013
Merrill M.E. Jenkins Sr. (Monetary Realist.), was the author of the book, "Money the Greatest Hoax on Earth". His name was on the original patent for the machine that exchanged paper money for token coinage. He was an inventor and a vending machine operator by trade. Merrill started the Monetary Realist Society in his hometown of St. Louis.
Merrill is featured here in 3 local St. Louis television interviews. The first features a debate between he and an economist from the Federal Reserve, Denis Karnoski. Mr. Karnoski stated that "we fool the public into thinking that they have wealth, when they do not" and that "whatever a dollar is, I do not recommend people hold onto it".
Mr. Karnoski was fired by the Federal Reserve soon after this interview.
Merrill led the tax protest movement in the 1970:s and lectured across the country until his death in 1978
~//~
Steen Jakobsen: Get Ready For The Biggest Margin Call In History
http://www.youtube.com/watch?v=fnp5ETnKylU (40:27)
Published on Apr 19, 2015
Full description and comments at: http://www.peakprosperity.com/podcast/92386/steen-jakobsen-get-ready-big...
Economist Steen Jakobsen, Chief Investment Officer of Saxo Bank, believes 2015 will be another "lost year" for the economy. And he predicts the Federal Reserve will indeed start to raise rates later this year, surprising the market and taking the wind of out asset prices.
He recommends building cash and waiting to see how the coming storm -- which he calls the "greatest margin call in history" -- plays out.
I liked Jakobsen's comment that doing nothing is somtimes the best advice while sitting on cash and taking a breather. I've been sitting on cash and doing nothing since 2008 watching the world go by frozen by the horror of what I've seen happening.
Go ask William Dudley about this. If he wanted to tell the truth you'll find the answer.
Since he's just another lying ex Goldman man he'll give you BS.
ZH, I refer back to one of your previous postings that graphically depicted the different phases of a bull market cycle, which accurately noted that the peaking of a market is often associated with the widespread believe that a "Paradigm Shift" has occurred and that you should have no fear as all of your learnings about previous market behavior are now obsolete.
OK Next.
The markets are out of breadth. A nice -75% breather will help.
I've seen this several times before and it does not portend good stuff for the markets. Transports rolling over, too.
If the Fed didn't have a perpetual bubble at any cost put in place, I would actually be worried. But tomorrow, as we have experienced every day for almost 7 years, we can expect Dudley, Yellen, Evans and Kocherlakota to remind us 5 more times that they are never raising rates above zero and that they could print more money at any second.
Plenty moar life left here. It will end when AAPL, NFLX, FB and TSLA are 99% of the market.
Get Shorty!