• BullionStar
    05/30/2016 - 21:24
    The US Gold Market is best known as the home of gold futures trading on the COMEX in New York. The COMEX has a literal monopoly on gold futures trading volumes worldwide, but very little physical...

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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Fri, 04/24/2015 - 14:02 | 6026976 bnbdnb
bnbdnb's picture

This time is different!

Fri, 04/24/2015 - 14:08 | 6027004 cigarEngineer
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!

Fri, 04/24/2015 - 14:22 | 6027083 Arius.
Arius.'s picture

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

Fri, 04/24/2015 - 14:07 | 6027005 clooney_art
clooney_art's picture

Wake me up at 11.5 year itch.

Fri, 04/24/2015 - 14:12 | 6027026 SHEEPFUKKER
SHEEPFUKKER's picture

Who wants to scratch Grandma Yellen's itch?

Fri, 04/24/2015 - 14:17 | 6027054 Winston Churchill
Winston Churchill's picture

Not even with your dick.

Fri, 04/24/2015 - 14:23 | 6027094 CarpetShag
CarpetShag's picture

Just wait until the yield spread widens.

Fri, 04/24/2015 - 14:26 | 6027111 Headbanger
Headbanger's picture

DON'T GO THERE!!!

Uggghhhh!!

Fri, 04/24/2015 - 19:13 | 6028116 greyghost
greyghost's picture

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

Fri, 04/24/2015 - 14:14 | 6027043 Winston Churchill
Winston Churchill's picture

Prolly body lice or crabs.

Fri, 04/24/2015 - 14:15 | 6027048 Freedom In Your...
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.

Fri, 04/24/2015 - 17:06 | 6027815 EBT excepted
EBT excepted's picture

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

Fri, 04/24/2015 - 23:31 | 6028652 neilhorn
neilhorn's picture

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

Fri, 04/24/2015 - 14:19 | 6027072 Hype Alert
Hype Alert's picture

Machines don't care.

Fri, 04/24/2015 - 14:30 | 6027149 The central planners
The central planners's picture

Yea its different because it going to be worst

Fri, 04/24/2015 - 22:57 | 6028596 capital one
capital one'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

Fri, 04/24/2015 - 14:05 | 6026990 DontGive
DontGive's picture

Fudementals are broken and don't apply any longer.

Fri, 04/24/2015 - 14:05 | 6026992 farmboy
farmboy's picture

I heard Martians will land and sapp the FED

 

en.wikipedia.org/wiki/Mars_Attacks!

Fri, 04/24/2015 - 14:05 | 6026994 buzzsaw99
buzzsaw99's picture

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

Fri, 04/24/2015 - 14:25 | 6027106 Osmium
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..

Fri, 04/24/2015 - 14:06 | 6026998 firstdivision
firstdivision's picture

Buy Bitches! BUY!

https://www.google.com/finance?q=AMZN&ei=CYU6VcmCIcv9sQeAg4BA

 

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

Fri, 04/24/2015 - 14:07 | 6027001 yogibear
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.

 

Fri, 04/24/2015 - 14:36 | 6027178 walküre
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.

Fri, 04/24/2015 - 14:07 | 6027003 katchum
katchum's picture

I think we go parabolic instead.

Fri, 04/24/2015 - 14:10 | 6027018 yogibear
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.

I

Fri, 04/24/2015 - 14:25 | 6027109 Harbanger
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.

Fri, 04/24/2015 - 23:35 | 6028660 neilhorn
neilhorn's picture

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

Fri, 04/24/2015 - 14:16 | 6027051 firstdivision
firstdivision's picture

parabolic^2

Fri, 04/24/2015 - 14:08 | 6027010 This is it
This is it's picture

BTFTop

Fri, 04/24/2015 - 14:10 | 6027017 Weaponized Innocense
Weaponized Innocense's picture

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

Fri, 04/24/2015 - 14:12 | 6027028 Dr. Engali
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.

Fri, 04/24/2015 - 14:30 | 6027134 Harbanger
Harbanger's picture

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

Fri, 04/24/2015 - 14:32 | 6027160 Dr. Engali
Dr. Engali's picture

Notice the "" around the word money.

Fri, 04/24/2015 - 14:39 | 6027188 Harbanger
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.

Fri, 04/24/2015 - 18:32 | 6027900 g'kar
g'kar's picture

I need a wheelbarrow to move my junk silver around.

Sat, 04/25/2015 - 13:23 | 6029441 scaleindependent
scaleindependent's picture

I need a wheelbarrow to move my junk around.

 

Fri, 04/24/2015 - 15:29 | 6027427 all-priced-in
all-priced-in's picture

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

 

 so that would be digital current?

 

Don't taze me Janet!

 

 

 

Fri, 04/24/2015 - 14:13 | 6027038 Not_FieldingMellish
Not_FieldingMellish's picture

YATC. (Yet another top call).

Fri, 04/24/2015 - 14:15 | 6027046 JailBank
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.

Fri, 04/24/2015 - 14:22 | 6027064 ebworthen
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 again...dot coms actually went out of business in 2001, unlike GM and AIG in 2008.

Fri, 04/24/2015 - 14:22 | 6027085 CarpetShag
CarpetShag's picture

bullish

Fri, 04/24/2015 - 14:22 | 6027086 BanksterSlayer
BanksterSlayer's picture

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

See:

https://youtu.be/WgtAoT8dWxg

Fri, 04/24/2015 - 14:29 | 6027137 Osmium
Osmium's picture

It's different this time

Fri, 04/24/2015 - 14:35 | 6027169 walküre
walküre's picture

like gravity has been suspended - different?

Fri, 04/24/2015 - 14:50 | 6027258 czarangelus
czarangelus's picture

You need to learn the Discordian Law of Fives.

Fri, 04/24/2015 - 16:11 | 6027623 Mr. Bones
Mr. Bones's picture

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

Fri, 04/24/2015 - 14:22 | 6027087 firstdivision
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.

Sun, 04/26/2015 - 09:36 | 6031006 Midnight Rider
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?

Fri, 04/24/2015 - 14:27 | 6027123 rsnoble
rsnoble's picture

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

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