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Worst Macro Data in 6 Years Sends Stocks Soaring To Record Highs

Submitted by Tyler Durden on 04/23/2015 16:03 -0400

The "easier for longer" trade was on in force today after every macro data item missed expectations...

...sending the US Macro index to new 6 year lows...

Buit of course, we couldn't begin today without noting the utter nonsense that happened in US equity "markets" at 1151ET when 'someone' decided it was time to buy in large size at record-breaking highs, lifting the Nasdaq and S&P to record closing highs and beyond...

Which 'demanded' another clip on such a day as this...

By the close, Trannies were the day's big winner until the last few minutes... Dow the relative loser...

But futures show the chaos since yesterday's close as weakness in Asia and Europe sent stocks sprawling but US weakness was just what everyone wanted...

On the week, Trannies continue to lead...

Today was all about the data.. and how crap it was everywhere. That unleashed the "easier for longer" trade as...

Bonds were well bid...even though once again we saw the 8am selling monkey arrive right on cue...

And the Dollar was dumped... back into the red forf the week (as Swissy recovered all its losses from yesterday)

Dollar weakness sparked buyiung in commodities with gold, silver, and copper all up on the day...

As crude just exploded for no good reason whatsoever... fully retracing the "Saudis have stopped bombing" plunge

Charts: Bloomberg

Bonus Chart: Time-Warner (which ripped higher on news of the merger in Feb) also ripped higher on the news of the deal breakup - course it did in today's idiot market... but by the close that had ended...

- advertisements -

Thu, 04/23/2015 - 16:06 | 6023468 stocktivity

It's all Bullshit!!!

Thu, 04/23/2015 - 16:13 | 6023509 flacon

Is this a good time to buy equities?:
http://charts.stocktwits.com/production/original_35818800.png

Thu, 04/23/2015 - 16:15 | 6023528 BKbroiler

This article deserves a swirlogram update. Tyler?

Thu, 04/23/2015 - 17:35 | 6023857 nailgunnin4you

Immigrants

Thu, 04/23/2015 - 16:37 | 6023632 Praetorian Guard

Not sure, but after talking to a top bean counter for a major / global mining corp. this past weekend he indicated that they are forecasting fuel (gas) at around 1.40 a gallon in the US starting this summer (after) and copper to be around 6.00-6.50 a lb by 2017. He tried explaining the whole ordeal with China fabricating demand, collateral, etc. I don't know if I believe the corp bullshit, given that the markets are extremely over leveraged. Who knows though, the Fed has fucked things so bad the show may go on for years to come.

Come join us for FREE at www.gunsgrubandgold.com

Everyone welcomed, blog, financials, weather, survival links, and much more!

We never censor, free speech welcome.

Thu, 04/23/2015 - 16:14 | 6023515 Diet Coke and F...

CHF whipsaw. Glad I wasn't a part of it...

Thu, 04/23/2015 - 16:29 | 6023605 Eirik Magnus Larssen

Hilarious.

Thu, 04/23/2015 - 18:11 | 6023969 raywolf

oil went up because there were too many shorts... euro went up because there were too many shorts... this is the same website that keeps posting a picture of an indian train swarming with people on the roof and hanging out of the windows to describe the long USD trade isn't it ?

Thu, 04/23/2015 - 16:07 | 6023477 Squid Viscous

Do Hot Flashes Leave You Feeling Irritable and Frustrated?

lol Tyler you little whore, for ads like this ... really?

Thu, 04/23/2015 - 16:14 | 6023514 ShorTed

AdBlock.

Thu, 04/23/2015 - 16:24 | 6023570 BKbroiler

AdBlock + Privacy Badger

Thu, 04/23/2015 - 16:34 | 6023641 Bioscale

Ghostery

Thu, 04/23/2015 - 16:16 | 6023534 flacon

Squid, you don't have "AdBlock" yet? You really should - it makes all web sites better:

https://www.google.ca/?gfe_rd=cr&ei=8lI5VZicNoON8Qex3oCICg&gws_rd=ssl#sa...

Thu, 04/23/2015 - 16:23 | 6023560 Squid Viscous

ok, thanks...every time I have tried I get a virus and have to system restore... maybe this will be the charm...

but this fucking site has become tedious to view with all the ads, video etc... sad, really

Thu, 04/23/2015 - 18:22 | 6024003 Pareto

Really - AdBlock man. Cannot be overemphasized, overstated, or overrated. In short, "its the tits!"

Thu, 04/23/2015 - 18:54 | 6024093 Squid Viscous

ok got it thanks ...but how will Dyler Turden afford his next Range Rover?

Thu, 04/23/2015 - 20:40 | 6024426 Mentaliusanything

Arbitrage baby, Arbitrage.

Fri, 04/24/2015 - 04:01 | 6025206 random999

surf less porn and your ads will be alright. Thats what you got the private surf tab for anyways ^^

Fri, 04/24/2015 - 03:59 | 6025202 random999

I usually skip adblock on zerohedge just show my support.

On those jewish media websites (well thast what they are, arent they?) I keep it running.
Keep on saying the forbidden and I will keep on supporting!

Thu, 04/23/2015 - 16:11 | 6023494 Keltner Channel Surf

Likely spin on a bizarre day: “Risk-on” breakout? Small cap productivity play? Lower dollar euphoria? Here’s the problem: only QQQs had > avg volume, w/ IWM at only 2/3 avg.

Seemed more a specific noon NASDAQ machine ambush fueling a romp, perhaps an informed guess at today’s earnings ... ?

Thu, 04/23/2015 - 16:16 | 6023535 jump_mutha_fukah

The bizzar behavior you are witnessing may be attributed to my hellen keller style of hedge trading this week and fast cash outs. I did what any sane investor would do and did the exact opposite of sane investing.

Algos must be having a fit this week trying to decide which way to pin strikes on TNA. Bastards are gonna pay me one way or another this week no if and or buts about it.

Thu, 04/23/2015 - 16:21 | 6023552 Keltner Channel Surf

So, you're the guy in sweat pants responsible for today's madness :) Seems whenever one of the major indices is within spittin' distance of a daily Keltner top, it hits it thru a miracle mid-day sudden spike -- today it was QQQs/COMP, hit it to the penny. Graham & Dodd would be proud.

Thu, 04/23/2015 - 16:24 | 6023574 jump_mutha_fukah

Thursday is boxer shorts and Hawian shirt day. Too hot in NC for the sweats.

Thu, 04/23/2015 - 16:19 | 6023549 Stoploss

Clearly leaked at noon.

Thu, 04/23/2015 - 16:22 | 6023559 jump_mutha_fukah

Had to get the Naz up there for the AMZN GOOG pump and dump after hours

Thu, 04/23/2015 - 16:11 | 6023499 Mr. Bones

[ctrl]+f: "lehman"

0 results

This is still the worst since Lehman™, right?

Thu, 04/23/2015 - 16:12 | 6023501 jump_mutha_fukah

AMZN and GOOG both poped then dropped. Which way is up motherfuckers. Get in there and buy buy buy. WTF is wrong with people /s

Thu, 04/23/2015 - 16:25 | 6023583 Squid Viscous

buy the AMZN dip, by 2050 you will be a millionaire!

Thu, 04/23/2015 - 16:26 | 6023592 davidalan1

for a second, my brain saw "pooped" i laughed

Thu, 04/23/2015 - 16:12 | 6023502 Traderone

54,000 Emini contracts on a 5 min bar had me worried that my trap trade at new all time highs wouldn't work but Kablamo ,down she came. I love my sweet ES baby.

Thu, 04/23/2015 - 16:13 | 6023507 Callz d Ballz

I need the crazy pills at this point.

Thu, 04/23/2015 - 16:14 | 6023520 Be_Optimistic

This is going to be an ugly fall

Thu, 04/23/2015 - 16:18 | 6023541 SheepDog-One

Why? Looks by fall the S&P should be a solid 3,500 or so.

Thu, 04/23/2015 - 16:31 | 6023618 walküre

or a solid 2,115

we are sideways oh, I don't know since maybe Christ was an infant or definitely longer than the Apple watch release

Thu, 04/23/2015 - 16:15 | 6023526 Rainman

In other news, the Flash Crash Bandit has been collared.

We return you now to our regular programming.

Thu, 04/23/2015 - 16:16 | 6023530 SheepDog-One

'Most smart money positioned short than in 4eva'.....I have big questions about the definition of smart money.

Thu, 04/23/2015 - 16:17 | 6023531 FreeShitter

2200 s&p by canon fodder day.

Thu, 04/23/2015 - 16:18 | 6023542 Keltner Channel Surf

“Afternoon Delight” - for those who hate trading at night (Starland Vocal Band)

Gonna find my broker, ask her for a big bite
Gonna grab me some weekly calls in SPY
My motto's always been, when it's right it's right
Why wait until the middle of a Globex night

When everything trades a little better in the light of day
And the night session’s always gonna be there anyway

Watchin’ Bloomberg’s workin’ up my appetite
The way they keep me Street Smart is pure delight
I watch my bull condor grow as they report new highs
But it’s the thought of clubbin' shorts that gets me most excited

SPY rocket’s in flight
The afternoon ignites
A-a-afternoon delight

Started out this morning tradin’ overnight
But it was too dark to get our positions right
You’ve got a butterfly spread that sounds alright
So let’s give her a try while there’s still some light

SPY rocket’s in flight
The afternoon ignites
A-a-afternoon delight

Please have something waitin’ for me when your hedge’s unwound
We could even leg into a straddle ‘fore the sun goes down

Thinkin’ of SPY’s workin’ up my appetite . . .

Thu, 04/23/2015 - 16:20 | 6023551 corporatewhore

Shades of the Seventies.

How many ZHers remember this song?

Thu, 04/23/2015 - 16:32 | 6023627 valley chick

Sure do. Didn't like it then either. Guessing it was around 1976.

Thu, 04/23/2015 - 16:42 | 6023657 Squid Viscous

yes I remember - AM radio - same horrific genre, and maybe even same year as Captain and Tenille...with that fucking groundhog song

muskrat, sorry

Thu, 04/23/2015 - 16:40 | 6023670 moonman

Also remember it. It was usually followed on the AM radio station by "Billy Don't be a Hero" or one of those "Mr. Jaws" like songs

Horrible

Thu, 04/23/2015 - 16:58 | 6023708 Keltner Channel Surf

Yeah, the Seventies, despite many memorable hits, also had the most awful stuff: Motorcycle Mama, Havin' my Baby, Bertha Butt Boogie

Thu, 04/23/2015 - 17:04 | 6023761 Squid Viscous

something happened around '76/'77 (disco but that's too simplistic of an answer) and everything has been downhill since then, with some exceptions of course...like Motorhead, the Clash, etc

Thu, 04/23/2015 - 17:38 | 6023863 Keltner Channel Surf

I wouldn’t limit yourself so much, Squid. I think the problem is that post-70s the best stuff is a little more ‘underground’, but popular yet worthwhile artists include Modest Mouse, Smiths/Morrissey, Belle & Sebastian, Go-Betweens, REM, The National, Kings of Convenience, Ivy, Clientele, Stereolab, Standard Fare. More cult stuff like Pernice Bros., Red House Painters/Mark Kozelek, Cinerama, The Fall, Felt and TV Personalities, Sarah Records bands are also worth a spin. For recent indie, free monthly downloads from the Skatterbrain blog are great: http://www.skatterbrain.org/

Thu, 04/23/2015 - 18:01 | 6023940 nailgunnin4you

Delivering opinion as fact. Step away from the radio gramps, music does not die as so many old people who listen to the same five songs on classic fm would have you believe. If you have not listened to 10 underground/alt artists this year you're in no shape to be commenting on current global music output. If you do have your ear to the ground, you're still out of your depth homie music is subjective.

Thu, 04/23/2015 - 18:32 | 6023984 Squid Viscous

of course it's all subjective, ... and there is, has, and always will be great stuff all around us, depending on your tastes...

i am a rock and roll fan and just saying there was a big dropoff in quality of mainstream "rock and roll" precipitously starting around that time which sucks because i was too young to go to concerts... even the stones went disco, lol...

and the 80's were abysmal... even for bands like AC/DC and Aerosmith, awful stuff unless you like garbage like Oingo Boingo etc - oops sorry just my opinion!!

jeez this a tough crowd! anyway cheers, and great 'spoof' KCS, hilarious!!

Thu, 04/23/2015 - 18:49 | 6024077 Keltner Channel Surf

Don't fret, Squid, the gentleman was tryin' to tell old folks like us that today you gotta go outside mainstream sources. Come to think of it, the best site if you want to expand your horizons w/o going too far afield might be popmatters.com, which reviews a variety of new stuff fairly objectively, but also includes the new Zeppelin box sets, reissues, etc. Also do books, movies and TV, great site.

Thu, 04/23/2015 - 19:02 | 6024115 Squid Viscous

thanks KCS I will check it out... used to be quite "in the loop" believe it or not, worked in the music biz in NYC, until early 2000's

but I guess I'm "gramps" now... lol

Thu, 04/23/2015 - 20:13 | 6024330 nailgunnin4you

Can't say much about rock & or roll not my thing. I will take this opportunity to link to a rocky song from a label compilation I recently scored on vinyl.

https://www.youtube.com/watch?v=LTlhgWuKg34

Baby Please Don't Go - The Amboy Dukes (for you conservatives this features the surprisingly awesome guitar work of one Ted Nugent, real awesome)

Thu, 04/23/2015 - 20:51 | 6024448 Keltner Channel Surf

Ironic you would use the term "gramps" then pick one of the most-recorded blues tunes, originally from 1935. Let me, as an old geezer, point you to perhaps the best modern version, by Them, Van Morrison's first band, when he was just a pup in 1964. Won't win guitar battles with Nugent, but the superior blues knowledge (and power) in his singing is unmistakable. Them remains the 60s most underrated band, with the Story of Them CD going for $140 on Amazon (can't have mine).

https://www.youtube.com/watch?v=csTLoIOlO-Q

Thu, 04/23/2015 - 23:17 | 6024836 nailgunnin4you

Nuggets comp on vinyl = knows things about stuff. I've heard more covers of BPDG than you've had hot meals, not really, but can't link a new song no one would listen to it. In my experience I know more about music of 60/70s than most who were there, but then I am from downunder maybe that's expected. In aus you are deemed a fag if you listen to anything other than cold chisel or acdc

Fri, 04/24/2015 - 05:57 | 6025245 Keltner Channel Surf

Good man. Never could stomach acdc, but more recent aussies I like include of course Go-Betweens, Lucksmiths, Cat's Miaow and Pencil Tin/Bart & Friends, and Hummingbirds every once in awhile.

Thu, 04/23/2015 - 16:59 | 6023745 Yen Cross

Nice work KCS. :-D

Thu, 04/23/2015 - 17:18 | 6023803 Keltner Channel Surf

Thanks. Still have trouble picturing you cranking "Paranoid". For some reason, I had you pegged as a fan of French piano fare: Ravel, Debussy, Satie:)

Thu, 04/23/2015 - 18:21 | 6023997 Yen Cross

More woodwinds. Jazz~classical. I love the arts.

As a kid I was in band and also sports. One of the best classes I ever took was " Architectural Drafting" in the 8th grade.

Thu, 04/23/2015 - 18:44 | 6024064 Keltner Channel Surf

Woodwinds rule. Knew we had things in common. I've got 150 mP3s each of Sidney Bechet & Charlie Parker, often crank Vivaldi's bassoon ctos, and love Brahms & Max Bruch's works for clarinet.

Thu, 04/23/2015 - 16:19 | 6023545 Soul Glow

The worse the news the bigger the purchase order from the Fed.

Thu, 04/23/2015 - 16:19 | 6023546 Exit through th...

Dow is going to 20,000!!! Moar bad news! MOAR!!

MOAR!

DOW is HUNGRY, DOW EAT Baaad Newz!! DOW GROW!!!

Thu, 04/23/2015 - 17:05 | 6023764 Weaponized Innocense

HAHAHAHAHAHA!

Thu, 04/23/2015 - 16:23 | 6023568 WTFRLY

You fuck the pussy till it cums, duh.

Thu, 04/23/2015 - 16:24 | 6023572 tommyb34

What goes up, must go higher. S&P 2300 by the summer. Working group for Finanical Markets firmly in control.

Thu, 04/23/2015 - 17:07 | 6023772 weburke

my guess for the s&p top is 2664.

Thu, 04/23/2015 - 16:24 | 6023576 davidalan1

what do macro's have to do with this monopoly game? Just wondering.

Thu, 04/23/2015 - 16:25 | 6023580 Chuck DeBongo

I would love to interview a bankster who thinks this is all logical. Just simply to find out how they rationalise this.

Is because:

a) They actually know or see something I don't and I'm the idiot.

b) They have a fundamental misunderstanding what is actually happening and they've just been lucky so far.

c) They're playing a different game and intend to profit from the opposite situation (i.e pump and dump).

d) They're actually mad and most of Wall Street/The City of London/Frankfurt/insert financial hellhole of choice here are sharing the same madness.

Because if this all collapses, are we going to hear the usual "no-one saw this coming" excuses?

Now, if you read that last sentence and saw nothing unusual, think for a second why that is a super messed up state of affairs.

A bunch of (so-called) professional people get the economic forecast HORRIBLY wrong and crash the economy; and we accept that as a normal state of affairs.

If I made a mistake like that in my line of work (I'm a scientist), I would be sacked and, almost certainly, would never work in the science industry again.

But for bankers? Business as usual....

Thu, 04/23/2015 - 16:31 | 6023622 Stormtrooper

No scientific method to the markets. Just depends on whether the ball falls on black or red and who has access to the roulette table to rig it.

Thu, 04/23/2015 - 20:19 | 6024364 mijev

"If I made a mistake like that in my line of work (I'm a scientist), I would be sacked and, almost certainly, would never work in the science industry again."

If you were a climate scientist, you would get a promotion for a mistake like that.

Thu, 04/23/2015 - 16:25 | 6023582 david goliath

dow up 20 - this website has gone downhill like the rest of this moronic so called society

Thu, 04/23/2015 - 16:28 | 6023601 walküre

"market" is calling Yellen's bluff

if Yellen doesn't make a move upwards, the Fed's credibility is out the door

rest assured, BIS and IMF already have a plan B

Thu, 04/23/2015 - 16:29 | 6023607 Uber Vandal

This reminds me WAY too much of ca. 1999 / 2000 when it seemed the ride would never end, and I had such well laid out plans for the "future."

Which ended up on fire, along with many other things.......

Much like a lyric from the song Wish by Nine Inch Nails:

climbed up real high now fall down real far.......

Thu, 04/23/2015 - 17:10 | 6023783 Weaponized Innocense

Yea back when people bought stocks....

Thu, 04/23/2015 - 16:35 | 6023645 wmbz

Todays financial gurus and the up and coming wall street players veiw this shit not as insanity but as completely normal.

Really bizzare!

Thu, 04/23/2015 - 16:41 | 6023673 negative rates

That's what happens when you've been off track for 80 years.

Thu, 04/23/2015 - 16:35 | 6023648 SERReal1

Pay no attention to the man behind the curtain pulling the levers and BUY MOAR!!!

Thu, 04/23/2015 - 16:48 | 6023690 Magooo

Come come now .... you people need to get with the NEW NORMAL!!!

Repeat after me

Bad = Good. Bad = Good. Bad = Good. Bad = Good. Bad = Good. Bad = Good. Bad = Good. Bad = Good. Bad = Good. Bad = Good. Bad = Good. Bad = Good. Bad = Good. Bad = Good. Bad = Good. Bad = Good. Bad = Good. Bad = Good. Bad = Good. Bad = Good. Bad = Good. Bad = Good. Bad = Good. Bad = Good. Bad = Good. Bad = Good. Bad = Good. Bad = Good. Bad = Good. Bad = Good. Bad = Good. Bad = Good. Bad = Good. Bad = Good. Bad = Good. Bad = Good. Bad = Good. Bad = Good. Bad = Good. Bad = Good. Bad = Good. Bad = Good. Bad = Good. Bad = Good. Bad = Good. Bad = Good. Bad = Good. Bad = Good. Bad = Good. Bad = Good. Bad = Good. Bad = Good. Bad = Good. Bad = Good. Bad = Good. Bad = Good. Bad = Good. Bad = Good. Bad = Good. Bad = Good. Bad = Good. Bad = Good. Bad = Good. Bad = Good. Bad = Good. Bad = Good. Bad = Good. Bad = Good. Bad = Good. Bad = Good. Bad = Good. Bad = Good. Bad = Good. Bad = Good. Bad = Good. Bad = Good. Bad = Good. Bad = Good. Bad = Good. Bad = Good. Bad = Good. Bad = Good. Bad = Good. Bad = Good. Bad = Good. Bad = Good. Bad = Good. Bad = Good. Bad = Good. Bad = Good. Bad = Good. Bad = Good. Bad = Good. Bad = Good. Bad = Good. Bad = Good. Bad = Good. Bad = Good. Bad = Good. Bad = Good. Bad = Good. Bad = Good. Bad = Good. Bad = Good. Bad = Good. Bad = Good. Bad = Good. Bad = Good. Bad = Good. Bad = Good. Bad = Good. Bad = Good. Bad = Good. Bad = Good. Bad = Good. Bad = Good. Bad = Good. Bad = Good. Bad = Good. Bad = Good. Bad = Good. Bad = Good. Bad = Good. Bad = Good. Bad = Good. Bad = Good. Bad = Good. Bad = Good. Bad = Good. Bad = Good. Bad = Good. Bad = Good. Bad = Good. Bad = Good. Bad = Good. Bad = Good. Bad = Good. Bad = Good. Bad = Good. Bad = Good. Bad = Good. Bad = Good. Bad = Good. Bad = Good. Bad = Good. Bad = Good. Bad = Good. Bad = Good. Bad = Good. Bad = Good. Bad = Good. Bad = Good. Bad = Good. Bad = Good. Bad = Good. Bad = Good. Bad = Good. Bad = Good. Bad = Good. Bad = Good. Bad = Good. Bad = Good. Bad = Good. Bad = Good. Bad = Good. Bad = Good. Bad = Good. Bad = Good. Bad = Good. Bad = Good. Bad = Good. Bad = Good. Bad = Good. Bad = Good. Bad = Good. Bad = Good. Bad = Good. Bad = Good. Bad = Good. Bad = Good. Bad = Good. Bad = Good. Bad = Good. Bad = Good. Bad = Good. Bad = Good. Bad = Good. Bad = Good. Bad = Good. Bad = Good. Bad = Good. Bad = Good. Bad = Good. Bad = Good. Bad = Good. Bad = Good. Bad = Good. Bad = Good. Bad = Good. Bad = Good. Bad = Good. Bad = Good. Bad = Good. Bad = Good. Bad = Good. Bad = Good. Bad = Good. Bad = Good. Bad = Good. Bad = Good. Bad = Good. Bad = Good. Bad = Good. Bad = Good. Bad = Good. Bad = Good. Bad = Good. Bad = Good. Bad = Good. Bad = Good. Bad = Good. Bad = Good. Bad = Good. Bad = Good. Bad = Good. Bad = Good. Bad = Good. Bad = Good. Bad = Good. Bad = Good. Bad = Good. Bad = Good. Bad = Good. Bad = Good. Bad = Good. Bad = Good. Bad = Good. Bad = Good. Bad = Good. Bad = Good. Bad = Good. Bad = Good. Bad = Good. Bad = Good. Bad = Good. Bad = Good. Bad = Good. Bad = Good. Bad = Good. Bad = Good. Bad = Good. Bad = Good. Bad = Good. Bad = Good. Bad = Good. Bad = Good. Bad = Good. Bad = Good. Bad = Good. Bad = Good. Bad = Good. Bad = Good. Bad = Good. Bad = Good. Bad = Good. Bad = Good. Bad = Good. Bad = Good. Bad = Good. Bad = Good. Bad = Good. Bad = Good. Bad = Good. Bad = Good. Bad = Good. Bad = Good. Bad = Good. Bad = Good. Bad = Good. Bad = Good. Bad = Good. Bad = Good. Bad = Good. Bad = Good. Bad = Good. Bad = Good. Bad = Good. Bad = Good. Bad = Good. Bad = Good. Bad = Good. Bad = Good. Bad = Good. Bad = Good. Bad = Good. Bad = Good. Bad = Good. Bad = Good. Bad = Good. Bad = Good. Bad = Good. Bad = Good. Bad = Good. Bad = Good. Bad = Good. Bad = Good. Bad = Good. Bad = Good. Bad = Good. Bad = Good. Bad = Good. Bad = Good. Bad = Good. Bad = Good. Bad = Good. Bad = Good. Bad = Good. Bad = Good. Bad = Good. Bad = Good. Bad = Good. Bad = Good. Bad = Good. Bad = Good. Bad = Good. Bad = Good. Bad = Good. Bad = Good. Bad = Good. Bad = Good. Bad = Good. Bad = Good. Bad = Good. Bad = Good. Bad = Good. Bad = Good. Bad = Good. Bad = Good. Bad = Good. Bad = Good. Bad = Good. Bad = Good. Bad = Good. Bad = Good. Bad = Good. Bad = Good. Bad = Good. Bad = Good. Bad = Good. Bad = Good. Bad = Good. Bad = Good. Bad = Good. Bad = Good. Bad = Good. Bad = Good. Bad = Good. Bad = Good. Bad = Good. Bad = Good. Bad = Good. Bad = Good. Bad = Good. Bad = Good. Bad = Good. Bad = Good. Bad = Good. Bad = Good. Bad = Good. Bad = Good. Bad = Good. Bad = Good. Bad = Good. Bad = Good. Bad = Good. Bad = Good. Bad = Good. Bad = Good.

Now get some wire cutters and snip the logic cord in your brain. Hack it right off at the base. Now give it a good hard tug and tear that fucker right out of the socket and feed that useless piece of ganglion to the dog.

Get some duct tape and patch up the hole.

And NOW you are ready to make some BIG MONEY in the stock market!

Thu, 04/23/2015 - 16:49 | 6023705 Kirk2NCC1701

I think I got it figured out: Agree, there is no Market. Only central planning (steering & intervention). Technicals don't matter.

There's an ongoing transition to Feudalism. Deep State in charge.

When Prime Dealers and their neo feudal owners get to create money out of thin air and write unfunded checks (Money for nothing, and Checks for Free), then...

Bonds are for schmucks, and you want to buy up Equities. Remember, if you can conjure any amount of money you need, why do you care about the 'market price'? That's for everyone else.

All you care about, is the relentless transfer of Real wealth (real assets, i.e. Primary and Secondary wealth) from the weak to the strong (from the poor to the rich), until you have a new feudal system -- where Technology and Energy replaces the brains and muscles of unskilled and semi-skilled workers.

And the religion-based worldviews of the masses, are Weapons of Mass Deception that keeps them from revolting. The Poison Pill that is the "Sermon on the Mount" has worked real nice -- ever since Emperor Constantine has had it included/put into the NT in 325 AD, at the Council of Nicaea. It has turned Poverty, Suffering, Abuse and Retribution Avoidance into 'Virtues'. What a Con job: Crafted by secular rulers, and written & blessed by clerical rulers!

Whoever (Diderot, I think) said that "The world will not be free until the last king/nobleman is hung by the entrails of the last priest"¹, was right. These multi-generational parasites have an innate sense of exceptional entitlement ('divine right' they call it), that justifies their ambition to rule over others. This audacity is so severe and so ab-normal to the common man, that their Normalcy Bias causes them to recoil at this prospect, and Denial (and ridicule or aggression) is a common reaction.

[1] Or comparable clergyman of any absolutist and extremist faith.

Thu, 04/23/2015 - 17:37 | 6023861 HopefulCynical

Well stated. +10

Thu, 04/23/2015 - 16:58 | 6023710 Yen Cross

I don't watch much news on the TV these days, but Faux News is fucking pathetic! Not one mention of the horrible macro, and Neil(and bob) Cavuto parading CNBC shills over the ATH the markets hit on the continued "Fed Put" because macro is FUBAR globally.

JFC, "FOX News" has become the National Enquirer of 24hr news. the ONLY reason equities were up today was because of the soft $usd= nominal yield gains.

I shorted usd/jpy at the 200h4 earlier, for just this reason.

Thu, 04/23/2015 - 16:53 | 6023715 pashley1411

YeltsinsDigitalPrintingMachine, uber Alles.

Thu, 04/23/2015 - 16:53 | 6023717 nakki

Never worry Amazon from 374-407 after hours because after 5 years later they STILL don't make money. Strange but I thought I read somewhere back in 2012 that Amazon would be making money by now. Well at least they sell A LOT of product at or below cost.

I'm sure by 2020 they have revenues of $200 billion and still be spending 202.

Thu, 04/23/2015 - 17:06 | 6023766 Youri Carma

Can't wait to see this sucker collapse but, as always, the multi billion question is when? Or for traders, when to start shorting?

Thu, 04/23/2015 - 17:13 | 6023789 Yen Cross

Cheap OTM/ long duration hedges.

Thu, 04/23/2015 - 17:07 | 6023770 bonmot

1. Nominal prices
2. What is the value?

I'll skip 1 and go directly to 2. What is the value of corporations ability to taxes? What is the value of corporations ability to gain more tax breaks, subsidies, monopolistic practices by lobbying. What is the value of corporations ability to borrow?

What is the value in an environment where western governments and banking cartels have decoupled from the concepts of "borrowing" and "leverage" and are imposing a confiscatory regimen on the global economy?

Zerohedge prattles on endlessly about deep state and jews and survivalism and finance arcana that has been very effectively hollowed out.

Has Zerohedge ever even articulated a cogent response to Zenokeynesian atavistic rationalizations?

They have this thing in science called MEASUREMENT. Activity in humans is a given. Gross measurements of activity aren't going to tell you who is consuming more than they are producing and who is producing more than they are consuming. Verbal descriptions(even platitudinous ones) of activities implying perpetual motion don't hold up under detailed measurements. The kind of measurements for profit businesses perform in order to perpetuate themselves. And yes it all goes back to physics, entropy or negative entropy(complexity).

Incredible power has been vested in people who personally profit from activities with no realistic measurement or before measurement is taken. And all with little oversight or accountability.

The larger trend of the organized vs the unorganized or poorly organized is continuous, and the specific trend in US is many decades old.

The people at Zerohedge don't want to deal with it or even talk about it in a realistic fashion.

Thu, 04/23/2015 - 17:14 | 6023792 Cash Is King

"If every instinct I have is wrong, then the opposite, has to be right!"

Now I understand the BTFDippers logic.

https://www.youtube.com/watch?v=RerJWv5vwxc&feature=player_detailpage

Thu, 04/23/2015 - 19:22 | 6024165 Billy Shears

The beatings will continue until morale improves...

Thu, 04/23/2015 - 22:30 | 6024727 Jungle Jim

I don't want any stocks. What's going to happen to metals?

Worst Macro Data in 6 Years Sends Stocks Soaring To Record Highs

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