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With Stocks 3% Off Record Highs, Investor Confidence Crashes To "Extreme Fear"

Tyler Durden's picture




 

You know The Fed has suppressed vol too low for too long when stocks drop 3% from their all-time record-est highs and sentiment collapses into "Extreme Fear"...

 

 

For some context...

 

All 7 of the underlying components are now flashing red...

 

Source: CNN Money

 

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Mon, 06/15/2015 - 11:11 | 6197857 PartysOver
PartysOver's picture

Dang, the PPT is impressive.  Nice work guys.

Mon, 06/15/2015 - 11:14 | 6197867 Waylon Bits
Waylon Bits's picture

Extreme fear!  Buy Bitcoin bitcherz!

https://btc-e.com

Mon, 06/15/2015 - 11:22 | 6197907 espirit
espirit's picture

What emotion?

Sheeple complacency is at an all time high.

Mon, 06/15/2015 - 12:52 | 6198223 markettime
markettime's picture

Ridiculous! Extreme fear would be a 50-70% correction!

Mon, 06/15/2015 - 12:58 | 6198257 Mr. Magoo
Mr. Magoo's picture
The new Bankster chant

 

 

“I must not fear. Fear is the mind-killer. Fear is the little-death that brings total obliteration. I will face my fear. I will permit it to pass over me and through me. And when it has gone past I will turn the inner eye to see its path. Where the fear has gone there will be nothing. Only I will remain.”
Mon, 06/15/2015 - 15:19 | 6199037 MonetaryApostate
MonetaryApostate's picture

I'd have to agree with you whole heartedly, this isn't extreme fear, or the markets are entirely manipulated. (Period)

Mon, 06/15/2015 - 11:32 | 6197910 NoDebt
NoDebt's picture

This article would work better with an audio track.  We need the guy who does radio ads for Monster Truck Weekends.

"Today, extreme FEAR! FEAR! FEAR!  Come see the greatest calamity to happen since recent market highs!  We'll sell you the whole seat BUT YOU'LL ONLY NEED THE EDGE!"

 

Mon, 06/15/2015 - 11:39 | 6197959 Miss Expectations
Miss Expectations's picture

Ride of the Valkyries might work for you:

https://www.youtube.com/watch?v=V92OBNsQgxU

Mon, 06/15/2015 - 11:43 | 6197974 KnuckleDragger-X
KnuckleDragger-X's picture

We haven't seen REAL fear yet, but it's coming. Bonds are circling the toilet and there are very large payments coming on the buyback binge. Everywhere things are going to shit, except Wall St. of course. They are too busy playing the slot machines to notice the coming tsunami......

Mon, 06/15/2015 - 12:20 | 6198081 eatthebanksters
eatthebanksters's picture

Peeps must be freakin out that the Chairsatan has no tricks up her sleeve...btw, ever wonder why they won't let anyone read the Trade Agreement just hosed by Nancy?  I'm pretty much guessing its multinational risk diversification deal so that countries will backstop each other in the event of a melt down...if word of this got out it would implode the world financial syatem.  Time will tell.

Mon, 06/15/2015 - 11:24 | 6197911 Occident Mortal
Occident Mortal's picture

"Extreme sensationalism" is a more accurate description of what we are seeing.

Mon, 06/15/2015 - 11:34 | 6197946 messymerry
messymerry's picture

*** BREAKING NEWS ***

I got my replacement bank card in the mail today.  Not news you say,,,  Well, it doesn't expire until Nov. 2016...and the replacement has a chip in it.  chip chip  hooray!!! The release schedule is being accelerated. 

Make of this what you will...

;-D

Mon, 06/15/2015 - 12:54 | 6198219 ABCDEF123456
ABCDEF123456's picture

Same thing happened to me a month ago... my Exp on the previous card was Oct 2016

Odd part is I didnt request a new one... told me it was due to a breach in the system.

I followed up asking why I wasnt notified about the breach and my account 

Cheers

Mon, 06/15/2015 - 13:22 | 6198404 Bastiat
Bastiat's picture

Got one of those too.  Can't see what the difference is: old one had a mag strip; new one has a mag strip and a chip.  The card can be read by inserting the chip into an appropriate reader (I've run into exactly one of the last month) or by swiping the mag strip. 

I don't know whether additional information is on the chip or anything else about though.

Mon, 06/15/2015 - 13:39 | 6198495 W.M. Worry
W.M. Worry's picture

Those cards only went out ot certain "persons of interest"  The NSA can now monitor your movements in real time.

Mon, 06/15/2015 - 13:32 | 6198462 yrad
yrad's picture

Ya, I'm shitting bricks...

 

/sarc

Mon, 06/15/2015 - 11:13 | 6197863 r101958
r101958's picture

Yet we are still having a 'meltup' right now.

Mon, 06/15/2015 - 11:15 | 6197874 Serfs Up
Serfs Up's picture

Yes, time for the low volume ramp-fest.

Because, we deserve it and such as.

Mon, 06/15/2015 - 11:44 | 6197977 TheRideNeverEnds
TheRideNeverEnds's picture

Yup, bid the ES straight up 20 points because why not?

Mon, 06/15/2015 - 11:14 | 6197868 Dr. Engali
Dr. Engali's picture

Time to buy the pre-Greeceisfixedfuckingdip.

Mon, 06/15/2015 - 11:21 | 6197871 JustObserving
JustObserving's picture
Investor Confidence Crashes To "Extreme Fear"

Put down your bong and know that all US markets are fraudulent and manipulated by the Fed.  Yellen has your back (and your balls if you are middle class or lower).  Never short fake, manipulated markets

In other news:

Retail Sales (ex Autos) Turn Negative For First Time Since 2009 http://davidstockmanscontracorner.com/chart-of-the-day-retail-sales-ex-a...
Mon, 06/15/2015 - 11:15 | 6197875 hoist the bs flag
hoist the bs flag's picture

extreme fear my ass...this will be back up 170 pts  in one day

Mon, 06/15/2015 - 11:18 | 6197887 madcows
madcows's picture

Correction, She'll be green before lunchtime.

Mon, 06/15/2015 - 12:49 | 6198205 Baa baa
Baa baa's picture

And always will until the printers break or they run out of paper.

Mon, 06/15/2015 - 11:18 | 6197889 EhKnowKneeMass
EhKnowKneeMass's picture

Exactamundo. There will be a huge move up, a breakout, once the Greek issue is "fixed". This is all a set up to trap the bears.

Mon, 06/15/2015 - 12:50 | 6198212 Bush Baby
Bush Baby's picture

BTFD has worked 1000 out of the last 1000 times - I'm sure this time is different - lol

Mon, 06/15/2015 - 11:17 | 6197879 madbraz
madbraz's picture

yeah, let's look at only 2 years of data for an indicator of "investor" fear, particularly considering a 2 year period like no other in history (other than 1929 and 1999).  what a bunch of baloney.

 

HFT algo links VIX, treasuries and SPY futures and that is all that "moves" markets.  there are no "investors".

 

a dream machine for the NY FED, if you ask them.  a colossal corruptfest system, if you ask me.

Mon, 06/15/2015 - 11:26 | 6197882 T-Bond
T-Bond's picture

Can't wait for the day when the Fed's bids turn into nothing more than providing liquidity for the sellers.

Mon, 06/15/2015 - 11:17 | 6197883 Lin S
Lin S's picture

I'm so fearful that I'm buying Ag today. Does that count?

Mon, 06/15/2015 - 12:48 | 6198201 Baa baa
Baa baa's picture

Yep, but find a good hidey hole or similarly good spot to bury. I really believe these monsters will try to go door to door relieving Americans of their PM's.

Mon, 06/15/2015 - 11:18 | 6197885 NoDebt
NoDebt's picture

It's been lower than that.  I recall it hitting a low around 3 back in October.

Mon, 06/15/2015 - 11:18 | 6197888 aliki
aliki's picture

best article ive seen all day ... liberal paradise turning into graveyard:

Puerto Ricans are fleeing island's bad economy

http://money.cnn.com/2015/06/15/news/economy/puerto-rico-debt/index.html?iid=Lead

Mon, 06/15/2015 - 11:18 | 6197890 Ness.
Ness.'s picture

S&P up 15 points from today's low.  Fear?  That's laughable man.  

Mon, 06/15/2015 - 12:01 | 6198022 Bush Baby
Bush Baby's picture

Green by day's end

Mon, 06/15/2015 - 11:20 | 6197895 StackShinyStuff
StackShinyStuff's picture

Wall of worry so BTFD, or something like that...

Mon, 06/15/2015 - 11:22 | 6197905 adjudged
adjudged's picture

The "Fear and Greed Index"?  What is that comprised of?

Volatility is still at a record low (VXX), though up less than 3% today.

This article is cherry picking its (dubious) data.

 

 

Mon, 06/15/2015 - 16:35 | 6199413 Zero guest
Zero guest's picture

They showed you all the components in the grafics, Look again.

Overall this is the most bullish article I've seen lately.

 

Mon, 06/15/2015 - 11:24 | 6197914 Yancey Ward
Yancey Ward's picture

Fear?  My big hairy ass.  Note how the Dow never seems to decline more than 200 points, and the S&P seems to be unable to ever decline more than 20 in a day.  Until I see the Dow down 500 and the S&P down 50+ in a day, then I will just assume TPTB have it under control still.  This morning is just like all the other decline days- looks like some fear, but really isn't.

Mon, 06/15/2015 - 12:15 | 6198075 Farmer Joe in B...
Farmer Joe in Brooklyn's picture

Don't worry, the fed plunge protection team will kick off the BTFD rally shortly...

Mon, 06/15/2015 - 11:30 | 6197927 the grateful un...
the grateful unemployed's picture

not sure how the fed suppressed volume? sure QE put money in the hands of corporations who bought their own stock, a sort of trickle up effect. low volume is the weapon of the bull, a buyer who wants 1000 shares can buy the market higher by doing 100 shares a day. (in the abscence of sellers, and why would anyone sell in those circumstances. now the corps hold a larger part of their float and have much greater control over the stock price. its nearly a bullet proof market

Mon, 06/15/2015 - 11:32 | 6197930 stant
stant's picture

Karl Denninger latest is that it's here. Also after martin armstrongs interview on Alex jones fri. His site is gone. Comes up no resource

Mon, 06/15/2015 - 13:13 | 6198341 Squid Viscous
Squid Viscous's picture

Denninger - what a fucking tool

Mon, 06/15/2015 - 11:32 | 6197935 monopoly
monopoly's picture

Uh, dude. Check the VIX. Yes, fear!!

Mon, 06/15/2015 - 11:33 | 6197938 Latitude25
Latitude25's picture

Please speak up if you think investor fear has anything to do with stock prices.

Mon, 06/15/2015 - 11:33 | 6197941 Arthur Schopenhauer
Arthur Schopenhauer's picture

 

 

Buy the fuckin' dip... hey!

Buy the fuckin' dip... uh!

Buy the fuckin' dip... hey!

Buy the fuckin' dip... uh!

Mon, 06/15/2015 - 11:36 | 6197953 q99x2
q99x2's picture

BTFD its FED software stupid.

Mon, 06/15/2015 - 11:41 | 6197962 FreeShitter
FreeShitter's picture

Fear fear fear....thats for warlocks.

Mon, 06/15/2015 - 11:43 | 6197975 NOZZLE
NOZZLE's picture

Pussies, get in there and BUY BUY BUY!!!

Mon, 06/15/2015 - 11:48 | 6197981 Monetas
Monetas's picture

Take delivery of all Comex futures .... last chance .... LOLOLOLOLOLOLOL .... don't panic .... there's plenty for everyone .... LOLOLOLOLOLOLOL !

Mon, 06/15/2015 - 12:41 | 6198174 fremannx
Mon, 06/15/2015 - 12:09 | 6198046 nakki
nakki's picture

Mommy what's an investor?

Mon, 06/15/2015 - 12:09 | 6198048 Turin Turambar
Turin Turambar's picture

Thanks for the heads up.  I just switched over from my UVXY long position back over to XIV long.  Time for Fed S&P ramp up back to 2100.  The masses are going to get sheared a bit more today.  SMH

Mon, 06/15/2015 - 12:13 | 6198067 macambaman
macambaman's picture

That's good. Extreme fear will diminish ability to think cleary and will push us into buying panic.

Mon, 06/15/2015 - 12:40 | 6198161 fremannx
fremannx's picture

Some ambiguity remains but last weeks analysis of the Dow remains on track...

 

http://www.globaldeflationnews.com/dow-jones-industrial-averageelliott-w...

Mon, 06/15/2015 - 12:54 | 6198235 prudent_investor
prudent_investor's picture

More volatility on the market means more possibilities for successful shorts. Read here about short selling:

http://prudentvalueinvestor.blogspot.com/2015/06/practical-thoughts-on-s...

 

Mon, 06/15/2015 - 12:56 | 6198247 Comte d'herblay
Comte d'herblay's picture

I have a speedometer from a '57 ford T-bird that is more accurate than yours.

Mon, 06/15/2015 - 13:10 | 6198326 JoeTurner
JoeTurner's picture

I was up in Bedford, New York on Sunday and came across a real-estate listing (22 pages, double sided) of high-end properties for sale in the area.

 

Here is a sample of the listings...

http://afterbubble.com/wp-content/uploads/2015/06/Scan-4.jpeg

 

I'm thinking that all the coming banker layoffs are causing a rush to the exits for high-end property...

 

Similarly, on any given day in the New York Post, there are usually many Hamptons properties listed within the first 10-15 pages...

Mon, 06/15/2015 - 13:18 | 6198387 pcrs
pcrs's picture

Extreme fear: time to buy

Mon, 06/15/2015 - 13:44 | 6198523 devo
devo's picture

Probably because everyone who wants stocks already owns them. Now what?

Mon, 06/15/2015 - 16:39 | 6199433 Zero guest
Zero guest's picture

One can never have enough stock.

Mon, 06/15/2015 - 14:15 | 6198676 NoIdea
NoIdea's picture

"Be greedy when others are fearful" - time to go all in long the SPY

Mon, 06/15/2015 - 14:39 | 6198834 devo
devo's picture

Maybe a 30% drop not a 3% drop. That is hardly fearful.

Mon, 06/15/2015 - 14:56 | 6198928 tommylicious
tommylicious's picture

EXCUSE ME, BUT HOW THE FUCK IS A 15 VIX 'EXTREME FEAR' ??    BASTARDS!!!!!!!!!!!!!!!!!!

Mon, 06/15/2015 - 15:21 | 6199053 RMolineaux
RMolineaux's picture

Most of the charts do not support the thesis of the text.

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