The 7.5 Year Itch Starts Next Week

Tyler Durden's picture

A gentle reminder that next week sees the beginning of the market's seven-and-a-half year itch...


Stranger things have happened...

Remember the stop-on-a-dime 666 lows of the S&P...


We have extended an almost-perfect Fibonnaci 61.8% off the last high-to-low swing... (as The S&P remains shy of the 2134 resistance.)


The S&P has recovered its inflation-adjusted peak...



And The Nasdaq has recovered its bubble highs...



Charts: Bloomberg

h/t Brad Wishak

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bnbdnb's picture

This time is different!

cigarEngineer's picture

I came here hoping for logarithmic charts and charts somehow indexed to value and not a depreciating dollar. For once, I was not disappointed. Very good post!

Arius.'s picture

if most believes it becomes a self fulfilling profecy...masses ("inveztors") move in heards

clooney_art's picture

Wake me up at 11.5 year itch.


Who wants to scratch Grandma Yellen's itch?

CarpetShag's picture

Just wait until the yield spread widens.

Headbanger's picture



greyghost's picture

shag and winston i just had to down vote you both.......that just too disgusting

Freedom In Your Lifetime's picture

I really want to see the chaos and disbelief in all the parasites faces and voices when 10% a day drops are a regularity. I miss the 2008 / 2009 markets.

Nothing like seeing people who produces nothing and think they are better than everyone else get a bitch slap of reality. My only hope is that this time it is so big and disruptive that even the pedophiles in the FED get their cumupens. Bring on the fucking crash.

EBT excepted's picture

ain't d'drop what kill d'bein' unconshahs, in d' pool of toids....

neilhorn's picture

Do you have to work hard to learn to write like that?

The central planners's picture

Yea its different because it going to be worst

capital one's picture
capital one (not verified) bnbdnb Apr 24, 2015 9:57 PM

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...

DontGive's picture

Fudementals are broken and don't apply any longer.

farmboy's picture

I heard Martians will land and sapp the FED!

buzzsaw99's picture

IF it goes down 2% then that would be a great time to btfd. /s

Osmium's picture

2%  I don't know, that's one hell of a drop.  Not sure it will be allowed to drop that much without a little FED intervention..

firstdivision's picture

Buy Bitches! BUY!


Nothing like losing twice the amount that WS expected to boost a stock.

yogibear's picture

This time your have Federal Reserve members parading and talking up the markets when they drop just a bit.

Something the Federal Reserve never did before. 

They just want to keep juicing stocks. 

It's like the only game in town for the Federal Reserve.


walküre's picture

Talking is not enough. Financial world is on pins and needles.

There's no clear direction and certainly no QE4 on the horizon.

katchum's picture

I think we go parabolic instead.

yogibear's picture

We are already there.

And Fed governors panic at any sign of stocks going down.

It's like that cannot allow it to correct. Their scared.


Harbanger's picture

If they included market price instead of hookers in their inflation index, we'd see where all the money printing is going.

neilhorn's picture

Is the cost of hookeers going down? Is it too late to short?

Weaponized Innocense's picture
Weaponized Innocense (not verified) Apr 24, 2015 1:10 PM

666 lows.... thanks for reminding me! Hahahahahahahahahahahahaha snort snort!

Dr. Engali's picture

In the first great depression nobody had any money. In the second great depression everybody will have "money". Fire up those helicopters Janet, let's keep this party rolling.

Harbanger's picture

I disagree.  They are banning cash, no wheelbarrows this time around.  Everyone will have EBT food and housing credits.

Dr. Engali's picture

Notice the "" around the word money.

Harbanger's picture

Depending on how desperate our central planners get, they will set the price of all your essentials and determine who gets a share of what at gun point.

g'kar's picture

I need a wheelbarrow to move my junk silver around.

scaleindependent's picture

I need a wheelbarrow to move my junk around.


all-priced-in's picture

Helicopters yes - but replace "cash" with digital currency -


 so that would be digital current?


Don't taze me Janet!




Not_FieldingMellish's picture
Not_FieldingMellish (not verified) Apr 24, 2015 1:13 PM

YATC. (Yet another top call).

JailBank's picture

Oh I had this once. A nice man named Janet said not to worry as there is now a cure for it.

ebworthen's picture

So the NASDAQ is on a 15 year super-cycle?  Tech Bubble 2.0!

Being tech you'd think it would be twice as fast (3.75 year cycles).

But...then coms actually went out of business in 2001, unlike GM and AIG in 2008.

BanksterSlayer's picture

Be careful, Tyler, you're getting awfully close to admitting that the Shemitah phenomenon is both real and measurable.


walküre's picture

like gravity has been suspended - different?

czarangelus's picture

You need to learn the Discordian Law of Fives.

Mr. Bones's picture

If the market corrects 5-10% and Janet's talking points are "I SUNK IT!" I will lose my shit.

firstdivision's picture

Due to the amount of the economy being valued by 'tech', if you were to inflation adjust NASDAQ, we still have plenty of room to run up more.

Midnight Rider's picture

Just as in Tech Bubble 1.0, these new fad stocks are much easier to hype. Better measure is still P/E's (ex fraud accounting if anyone can figure that out) and number of IPO's for money loosing companies. Much higher percentage in Tech Bubble 2.0 than in 1.0. Central Banks controlling markets, but is there really no long term consequence that will manifest itself at some point? Are stocks really going to end up being the only thing worth owning and the currency wars continue their race to the bottom?

rsnoble's picture

Looks more like they are itching to breakout of this range to new highs.