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Stocks, Bonds Dumped On Housing Good News Is Bad News

Tyler Durden's picture




 

Great news... housing is back? so sell stocks and bonds...

 

 

The Dollar is also rallying (and gold and silver clubbed) which suggests positioning is tracking back towards 'earlier' hike than later.

 

Charts: Bloomberg

 

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Wed, 04/22/2015 - 10:17 | 6017908 bigdumbnugly
bigdumbnugly's picture

chart is just about to complete the ol' penile tip formation

 

p.s.   thankfully not mine.

 

Wed, 04/22/2015 - 10:18 | 6017911 Dr. Richard Head
Dr. Richard Head's picture

That typically leads to the anal entry wedge that the puppet masters all know and love. 

Like I said before, but I will say it again...I said it before. 

Wed, 04/22/2015 - 10:35 | 6017979 Burt Gummer
Burt Gummer's picture

This farcical rigged shit hole of a market never gets old.

https://www.youtube.com/watch?v=0B4UpmgGJ3o

Wed, 04/22/2015 - 10:56 | 6018058 Mr Pink
Mr Pink's picture

I'm so glad I don't have one penny in this "market". At least I know my silver only goes in one direction

Wed, 04/22/2015 - 17:08 | 6019717 golden torch
golden torch's picture

I freelance over th? internet and earn about 80-85$ an hour. I was without a job for 7 months but last month my paycheck with big fat bonus was $15000 just working on my computer from my home for 5-6 hours. Here's what i have been doing... www.globe-report.com

Wed, 04/22/2015 - 10:18 | 6017913 Callz d Ballz
Callz d Ballz's picture

Please raise rates ASAP.

Wed, 04/22/2015 - 10:20 | 6017920 Yen Cross
Yen Cross's picture

   Same "Bat time",same "Bat place"... We get the 60 pip levitation in usd/jpy every moaring going into the N.Y. open.

Wed, 04/22/2015 - 10:23 | 6017932 Callz d Ballz
Callz d Ballz's picture

Did you knock the leather off the ball?

Wed, 04/22/2015 - 10:23 | 6017936 Bay of Pigs
Bay of Pigs's picture

Yup. And gold and silver get their morning "clubbing".

PM holders are the new baby seals now...

Wed, 04/22/2015 - 10:26 | 6017948 Dr. Engali
Dr. Engali's picture

I welcome the clubbing. It keeps the cost of insurance down. 

Wed, 04/22/2015 - 10:36 | 6017982 Dr. Engali
Dr. Engali's picture

Free money courtesy of the fed.

Wed, 04/22/2015 - 10:21 | 6017925 madbraz
madbraz's picture

horrendous jobs report is ignored by players in the bond market and existing home sales causes yields to spike.  yup, very believable and not manipulated

Wed, 04/22/2015 - 10:22 | 6017928 Dr. Engali
Dr. Engali's picture

Lol...33 DOW points is dumped. 

Wed, 04/22/2015 - 10:28 | 6017954 Osmium
Osmium's picture

Plus I think they called a bottom AGAIN.

Wed, 04/22/2015 - 10:27 | 6017950 coulous
coulous's picture

scapegoat of the day : gold and silver again

Wed, 04/22/2015 - 10:57 | 6018059 Stormtrooper
Stormtrooper's picture

Still waiting for the promised $700-800 gold so that I can start buying multiple ounces at one time again. When do I get it?

Wed, 04/22/2015 - 10:27 | 6017952 Seasmoke
Seasmoke's picture

At this point. I Would love to see paper Gold go ZERO. Sick and tired of watching the farce continue. 

Wed, 04/22/2015 - 10:28 | 6017957 moratar
moratar's picture

Cmon stop making ZH a crap site, who gives a fuck about 0.1% change of gold in 10min time frame.

It is not standing still it always moves, so why are you trying to rediscover america.

It just levels ZH to level of garbage pice of shit news. Stop destroing this site by making fools of yourself by giving 1min ticks analysis in 10min time frame, with changes that means nothing.

 

GIVE me 50% gold drop not some crapy 0.1%, or 300% gold spike! :)

Wed, 04/22/2015 - 11:00 | 6017996 Dr. Engali
Dr. Engali's picture

Too late. The site is run for sensationalized click bait headlines. Real in depth analysis has gone out the window. I can't say that I blame them. It's tough being a bear in a centrally planned world.

Wed, 04/22/2015 - 11:57 | 6018303 lordylord
lordylord's picture

Why would in depth analysis for manipulated markets be useful?  Seems like a waste of energy.

Wed, 04/22/2015 - 10:36 | 6017983 Chuck DeBongo
Chuck DeBongo's picture

I think it'll be easier on everyone brains if we just admit that everything we know about the current financial is FUBAR. Bad results? Stock goes up. Credit reaches record high? Currency goes up. Government debt goes up? Gold and silver get slammed (like today). Everything I know about economics (which isn't much, to be fair!) is rendered redundant.

 

But, in my defence, it's difficult to predict any form of logic in a market which is openly manipulated. Which leaves people with one option.....

 

Make a plan and stick with it. 

 

I know it sounds like a cliche, but its the only one which makes sense now. I won't discuss what they are but I've made my choices and I intend to stick with them. Because despite WHATEVER I think about the current situation there are certain axioms, I cannot ignore:

 

Axiom 1: What goes up must come down. You cannot achieve record highs in whatever, without some form of correction happening. So far, I see jack in form of a correction.

Axiom 2: Record debt equals either record re-payment or record default. Which do you think is more likely....?

Axiom 3: Matter cannot be created or destroyed, merely transposed. All this money printing from the United States and Japan (and to a lesser extent the UK and Europe) yet we're facing deflation?! It's hiding somewhere, but where....? Until I know, I'm sticking with my friends G&S (and I don't mean Goldman Sachs).

 

I suppose what I'm saying is I'm looking at a 2 week old bottle of milk that some spiv is trying to sell me. It looks OK, has the same fluidity and is the right temperature. Yet I can still smell sour milk somewhere but the salesman is telling me it's NOT from the bottle I'm holding. Who would you rather believe....?

Wed, 04/22/2015 - 10:44 | 6018009 SheepDog-One
SheepDog-One's picture

'Earlier hike'.....LMAO!

Wed, 04/22/2015 - 10:44 | 6018011 BI2
BI2's picture

Oh The American Curse >>>  http://wp.me/p4OZ4v-3z

Wed, 04/22/2015 - 10:51 | 6018044 NoIdea
NoIdea's picture

The only question now is: can we ramp this above yesterday's high?

Wed, 04/22/2015 - 10:56 | 6018057 q99x2
q99x2's picture

Which nations have sanctuary cities? I want out.

Wed, 04/22/2015 - 10:59 | 6018064 Keltner Channel Surf
Keltner Channel Surf's picture

Yeah, but then everything bounced in sympathy w/ the S&P's 20/50 DMA tag, 'cause Daily chart technicals for SPY went net positive a day or so ago.

Even so, things are barely positive, and only for half of the indices.  Do we continue, or roll over mid-day to end flatish?

Wed, 04/22/2015 - 11:09 | 6018126 Not_FieldingMellish
Not_FieldingMellish's picture

S&P dancing on gold's grave.

Wed, 04/22/2015 - 11:53 | 6018221 homebody
homebody's picture

Now markets are up - Golden arches announces they have a turn-around plan.  But no details till next month - wtf are investors doing????

 

So much desperation

Wed, 04/22/2015 - 12:33 | 6018449 combatsnoopy
combatsnoopy's picture

This time we can't pay off those who overpaid. 
Speaking of bubbles, has anyone heard that the Mayweather Pacquino fight contract has NOT YET BEEN SIGNED?
http://www.forbes.com/sites/roberttuchman/2015/04/21/mayweather-vs-pacqu...

Tickets are still not on sale (this fight is supposed to happen on May 2, 2015) and per Forbes they're already priced at $100,000.  
www.forbes.com/sites/roberttuchman/2015/04/21/mayweather-vs-pacquiao-and...

Mayweather blew a LOT of operational cash flow on this fight.  He spent $25,000 on a mouth guard, $1000/meal, etc.

And the U.S. new currency "Crowdfunding" is being used to finance trips to watch this fight.
http://www.complex.com/sports/2015/03/woman-using-gofundme-raise-money-l...

Still not as stupid as the housing bubble. 

 

Wed, 04/22/2015 - 13:12 | 6018609 Chuck Knoblauch
Chuck Knoblauch's picture

CAT equipment not being used to build new houses?

CAT cannot grow the top line.

Leader in home construction in a depression.

How do you smart manipulators reconcile this???

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