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6 Months Of Ignorance - You Are Here

Tyler Durden's picture




 

In early 2007, market internals began to weaken dramatically. Talking heads and asset gatherers said fears were overblown, risk was contained, Fed has it under control, stay the course. Six months later, the equity markets began to collapse and then accelerated lower. Today, in an eery case of deja vu all over again, it has been six months now since US equity market internals began to decouple from the manipulated index levels that manufacture wealth and happiness across America... what would you do?

 

 

Charts: Bloomberg

 

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Thu, 08/06/2015 - 14:11 | 6398336 Squid Viscous
Squid Viscous's picture

BTFD got a good one today, muppets

Thu, 08/06/2015 - 14:33 | 6398445 slaughterer
slaughterer's picture

Well, if history repeats itself, and "we are here," then another new all-time high is right ahead of us. BTFD fight club.  

Thu, 08/06/2015 - 15:05 | 6398569 Hype Alert
Hype Alert's picture

In 2007, the FED hadn't pimped themselves out. 

Thu, 08/06/2015 - 14:13 | 6398339 Maplehood
Maplehood's picture

When everything else is over-valued, gold miners are the cheapest ever

http://www.goldsqueeze.com/analysis/gold-miners-are-the-cheapest-theyve-...

 

Thu, 08/06/2015 - 14:13 | 6398349 i_call_you_my_base
i_call_you_my_base's picture

Got burned so many times am now disfigured.

Thu, 08/06/2015 - 15:00 | 6398557 markovchainey
markovchainey's picture

Fuck it.  I was going to be diligent and try to save for retirement.  Now I'm changing my plans.  I'm spending all my money on hookers and blow and hoping to be dead by 60. 

Thu, 08/06/2015 - 15:08 | 6398576 Headbanger
Headbanger's picture

Nahhh... Save your health 

Cause there's LOTS of rich old women lookin for old studs (like me) now that hubby is gone.

And I'm tellin ya there's a few hot older babes in Home Depot always wanting to help me with tools for some reason...

Thu, 08/06/2015 - 15:39 | 6398700 markovchainey
markovchainey's picture

Holy crap...I think you just restored my hope HB!

Thu, 08/06/2015 - 14:12 | 6398340 LawsofPhysics
LawsofPhysics's picture

Sorry, the past is not precidence, especially in this case.

"Rates will not go up in my lifetime"- Ben Bernanke

Thu, 08/06/2015 - 14:17 | 6398364 BandGap
BandGap's picture

To an extent I can agree. The correlation, down to the time of the year however, is amazing.

Time to break out the 15 YO Glenfiddich.

Thu, 08/06/2015 - 14:24 | 6398398 Winston Churchill
Winston Churchill's picture

The interest rate is irrelevant.

The FedRes cannot print good collateral, and bullshit isn't a substitute.BS is

all they have left.

Thu, 08/06/2015 - 14:29 | 6398425 LawsofPhysics
LawsofPhysics's picture

Collateral?  LOL!!!  Sorry Winston, new money creation has not required new collateral for quite a while.

Danmit, I thought that we were all going to be billionaires...

Thu, 08/06/2015 - 14:38 | 6398463 Winston Churchill
Winston Churchill's picture

Not a matter of the money creation LoP.Its investor perception.

The realizsation that RMBS were crap, which started in the private repo market when

shadow banking stopped funding them,  was the basic cause of 2008.

The repo market is showing signs of discerning good from bad collateral again, after a long sleep.

$40 tn neds to be destroyed before things balance, if they can,which I doubt.

Thu, 08/06/2015 - 14:44 | 6398496 LawsofPhysics
LawsofPhysics's picture

No shit.  Look, if anyone is currently positioned like they were in 2008 on the long end, they deserve what's coming.

Fuck em.

Thu, 08/06/2015 - 17:37 | 6399104 Squid Viscous
Squid Viscous's picture

breaking out the Smirnoff, it's all I can afford cuz I never BUY THE FUKN DIP

Thu, 08/06/2015 - 20:48 | 6399615 JoWazzoo
JoWazzoo's picture

Bernanke is NOT a smart man.  Good Lord - look at what he allowed to happen and encouraged same 10 years ago.  He IS a effing fool and now paid big time by HFT houses.

Fri, 08/07/2015 - 01:02 | 6400234 Helix6
Helix6's picture

I disagree.  Bernanke is a very smart man.  His job was to look after the banks and bankers.  No one has ever done a better job at that than Bernanke.

Thu, 08/06/2015 - 14:13 | 6398346 Dr. Engali
Dr. Engali's picture

Hold .... on.... just........ one .....moar....... year... until I'm out of office (if I decide to leave) so I can blame it on the next guy.

Thu, 08/06/2015 - 14:13 | 6398350 KnuckleDragger-X
KnuckleDragger-X's picture

The difference between ignorance and stupidity is one doesn't know, and the other won't learn. I already know which ones the markets are......

Thu, 08/06/2015 - 15:02 | 6398560 FreeMoney
FreeMoney's picture

More like one hasn't been taught and other can't be taught.

Thu, 08/06/2015 - 14:13 | 6398351 Platinum
Platinum's picture

Just a few weeks to go...

Thu, 08/06/2015 - 14:14 | 6398355 kchrisc
kchrisc's picture

Going to become real interesting this Fall when the thieves at the FedRes raise interest rates.

Sell the "exit."

Liberty is a demand. Tyranny is submission..

Thu, 08/06/2015 - 14:18 | 6398366 Sorry_about_Dresden
Sorry_about_Dresden's picture

What is a "Market Internal"???????

I have never heard the term before.

 

Thu, 08/06/2015 - 14:51 | 6398529 Implied Violins
Implied Violins's picture

That's when Yellen takes a d-... ah, forget it. It's lunch time.

Thu, 08/06/2015 - 14:18 | 6398367 101 years and c...
101 years and counting's picture

luckily, this time is different.  the fed will not allow the bankers to steal the peasants' money.  i could barely type that without spewing coffee all over the place.  

Thu, 08/06/2015 - 14:21 | 6398383 Dr. Engali
Dr. Engali's picture

Which part? The part about the bankers stealing? Or the part when you referred to fiat as money?

Thu, 08/06/2015 - 14:43 | 6398493 jakesdad
jakesdad's picture

it's already stolen - it was already baked in when they traded their $ for magic beans & glass beads.  "they" (a.k.a. muppets, a.k.a. we) just didn't realize it until we went looking for the bigger sucker & were met w/cricket chirps.

 

the only question is how long does the fed (& whoever else is doing it) stay in the price insensitive buyer of last resort (a.k.a. plunge protection) business and (more to the point) have you (/I) cashed at at that point?  anecdotal but an email I'd sent about this after close yesterday hadn't been answered as of lunch today (& given this morning was NOT a good day to go dark).

 

is the coyote realizing he's standing ~20' past the edge of the cliff?

Thu, 08/06/2015 - 14:18 | 6398368 Sorry_about_Dresden
Sorry_about_Dresden's picture

What is a "Market Internal"???????

I have never heard the term before.

 

Thu, 08/06/2015 - 14:22 | 6398386 corporatewhore
corporatewhore's picture

It's something you bend over for in the doctor's office and a finger is inserted

Thu, 08/06/2015 - 16:45 | 6398925 worbsid
worbsid's picture

And if both his hands are on your shoulders?

Thu, 08/06/2015 - 14:30 | 6398432 Cthonic
Cthonic's picture

Advancing issues vs. declining issues and other measures of the breadth of a market movement.

Thu, 08/06/2015 - 14:33 | 6398443 Bill of Rights
Bill of Rights's picture

" We're gonna be rich I tell you! rich! "

Thu, 08/06/2015 - 14:41 | 6398480 Raoul_Luke
Raoul_Luke's picture

Buy the dip?

Thu, 08/06/2015 - 15:25 | 6398640 Bitcoin Meiser
Bitcoin Meiser's picture

Invest in Bitcoin.

Thu, 08/06/2015 - 15:44 | 6398712 fowlerja
fowlerja's picture

What does it mean... a wind is blowing and change is coming... S&P (Standard & Poor's) 500 will go to S&P (stocks and poor) 500...

Thu, 08/06/2015 - 16:00 | 6398764 Bam_Man
Bam_Man's picture

"Get out. Now."

Thu, 08/06/2015 - 16:00 | 6398771 ramgold2206
ramgold2206's picture

stack and relax... Bullion will still be around the day after, the week after the year after etc....history is on the side of gold savers....

 

www.teamramgold.com

 

Thu, 08/06/2015 - 18:04 | 6399186 Amish Hacker
Amish Hacker's picture

Looks like we still have a lot of "catching down" to do. Maybe then think about BTFD.

Thu, 08/06/2015 - 20:44 | 6399603 wwxx
wwxx's picture

Very interesting Chart/time comparison.  Nice title.

 

"...what would I do?"

 

Well if I were GW Bush, I would call the Bernanke, the Paulson, the Shelia Baird, and Cox, and tell them to start writing their fireside sales pitches for the $700 Billion Swindle soon to be made legal, at least that is what happened about this time 2007.  Oh yes, and give old Nancy Pelosi the nod to buy oil for the national reserves at the high price, thus insulating oil prices far and away overpriced for the next...until January 2015.  Disregard anything like stabilizing oil price by law, or whatever means at the then (2007) high price of $50/bbl., as was suggested by H. Chavez of Venuz. instead lets watch the M. Friedman rollercoaster ride of petro commodities, thus leading the way for all other commodities, in general to give everyone a thrill & thrashing for the next...until this very day, tis almost as good as salt.

 

But I'm not GW Bush of 2007, and I'm not B. Hussein Obama of 2015, both lame ducks as your timeline/graph could suggest.  They are the leadership, they are the responsible ones, along with the U.S. Congress/ Supreme Court they are the sellouts, wholly seduced with their rigged roulette wheel of excuses that have laid claim to the New Normal.  And no I didn't somehow forget about slick willie, nor G. Bush Sr., nor all the minions, that politically explain away, making their excuses, to lie face to face, to worship their secrecy, to intentionally break.... laws, and standards, and anything that resembles sanity in leadership.  

 

"...What would I do?" 

 

Don't ask me to fix their destructions, don't ask me to show the hard way out...Not because I cannot quickly bring a certain remedy, but because it is not my job to repair their breach.  I don't want that job...Not because I cannot bring a certain remedy, but because I hate them, they are not worth it, nor ever were.  I would repair nothing for them.  

 

Why does anyone want the job of cleaning up someone else's squaller?  Why would I? 

 

They obviously hate me, they obviously hate everyone, world-wide, they hated all those...they haven't known intimately.  They even claim their hate while claiming to be Christians, you should know what they are, Blair & Cameron too, you know what you are.  The badge of Treason is their honour, yeah their claim to fame is silver nitrate seeded in the clouds, the very salt that melted the glaciers and both Poles of the world.  I wouldn't blame just one or ten, yeah it is hundreds, and thousands, and probably many more, they love the taste of their silver iodine.    

 

I don't have to be a rocket scientist, nor a self made billionaire, nor believe in some English Godly magic to know the difference between right & wrong and have a basic ethic to lead in the direction of truth and honour, for the general good and welfare of the countries and the world.

 

"...What would I do?"      I won't even tell you the first step, but your chart/timeline seems very real to me.

 

wwxx

 

 

Fri, 08/07/2015 - 01:22 | 6400269 mantrid
mantrid's picture

what's Internal's?

Sun, 08/09/2015 - 12:14 | 6406976 BubbaWordsworth
BubbaWordsworth's picture

I understand the concept of internals, but curious how the  Internals (>200DMA) metric is calculated.  I actually signed up just so I could ask this question.  Hoping someone with knowledge and time will actually somhow find this and answer 2 days later.

Sun, 08/09/2015 - 12:27 | 6406996 clade7
clade7's picture

I know!  its all so confusing right? 

In this day and age A guy has to default to the basics...think 'Occams Razor'....if you have a bic lighter in your pocket, a knife, a plastic garbage bag, a few skills and appropriate clothes, you are pretty much good to go to make your way on this Planet....all the rest of this is just gonna get you trapped in a place you dont want to be, with nothing that will help you, and no friends worth a damn, unless you are a cannibal and stronger than they are..

Get strong and smart on the aforementioned basics...then you can go anywhere and make due no matter what....

I know this is an obtuse and worthless reply...just trying to help is all..

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