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Not There Yet

Tyler Durden's picture




 

Is the US equity market done falling? Unless The Fed unleashes QE4, nope!

 

For 6 years, only one thing has mattered...

 

And it still does!! That's why, in the end, it's not over yet...

 

The S&P is still over 100 points rich to the Fed balance sheet.

We're gonna need a bigger balance sheet!!

 

Charts: Bloomberg

 

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Fri, 08/21/2015 - 14:39 | 6452503 KnuckleDragger-X
KnuckleDragger-X's picture

Nuke the Eccles building, then it'll be no problem.......

Fri, 08/21/2015 - 15:10 | 6452630 OrangeJews
OrangeJews's picture

Yeah, and make it look like it was Russia.  

Fri, 08/21/2015 - 14:40 | 6452505 JustObserving
JustObserving's picture

So much for fair and free markets.

Unleash more fraud of free money conjured up by the Fed to enrich the 0.1%

The Fed Won: America's 0.1% Are Now Wealthier Than The Bottom 90%

http://www.zerohedge.com/news/2014-11-11/fed-won-americas-01-are-now-wea...

Fri, 08/21/2015 - 14:46 | 6452525 nope-1004
nope-1004's picture

Not according to the fraudster Martin Armstrong.  He says all markets are free.  He also says his computer gained self awareness and wrote over itself 7 times on 9/11 when .gov tried to steal it.

But other than that, Armstrong is pretty sane (if going to prison is considered a personality trait of sane people).

 

Fri, 08/21/2015 - 14:40 | 6452511 Sanity Bear
Sanity Bear's picture

The fun part comes when they unleash another round of QE and the market keeps falling anyway!

Fri, 08/21/2015 - 14:44 | 6452520 Money Counterfeiter
Money Counterfeiter's picture

You mean like an like China?

Fri, 08/21/2015 - 14:48 | 6452537 Headbanger
Headbanger's picture

You wanna see something REALLY scary?

Just wait til the Feral Reserve raises rates next month no matter what.

 

Fri, 08/21/2015 - 14:58 | 6452581 Beatscape
Beatscape's picture

The real fun begins when stock holders start doing the math on the amount of hard earnings dollars that were spent on stock buybacks at peak S&P 500 levels.  ZH has rightfully highlighted this issue many times.  Rather than invest those earnings back into the business, the board of directors are gonna have some explaining to do to stock holders as the market embarks on a leg down due to the global economic slowdown. 

Fri, 08/21/2015 - 17:02 | 6453267 RaceToTheBottom
RaceToTheBottom's picture

AssHats will say, and be believed: "Who could have known?"

Fri, 08/21/2015 - 15:26 | 6452720 Jack Napier
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Morgan Stanley has stated the Fed won't raise rates until 2016 at the earliest. The CME places a 36% chance that the Fed will raise rates in September. What's really scary is how often you post and have no idea what you're talking about. What's scarier is that I'm the only one who ever seems to notice.

Fri, 08/21/2015 - 16:26 | 6453088 DC3
DC3's picture

Dreamscape!

Fri, 08/21/2015 - 17:58 | 6453622 PlayMoney
PlayMoney's picture

thats my one big question in the markets. The one big thing i think will happen when Ms Janet says QE4, you have about 30 seconds after that to buy PMs or you won't find it for months and at a much higher price.

Fri, 08/21/2015 - 14:41 | 6452512 firstdivision
firstdivision's picture

QE$ coming to a bankers bonus near you.

Fri, 08/21/2015 - 14:49 | 6452543 chunga
chunga's picture

Yellen is going to uncork "Operation Grift".

The toxic bubble fraud last time was MBS, now it will be subprime autos, student loans.

Fri, 08/21/2015 - 14:43 | 6452513 SpasticGramps
SpasticGramps's picture

There is going to be a massive panic shit will break and we will get Super Duper QE4eva. Asset prices will increase and everyone will go back to sleep.

Or it will break for good this time. I don't think faith in central banks has been lost yet. Religous fervor is still high.

Fri, 08/21/2015 - 14:47 | 6452532 holdbuysell
holdbuysell's picture

aka THE BIG PRINT

Fri, 08/21/2015 - 14:43 | 6452515 Callz d Ballz
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I don't think I've seen deer in the headlights two days in a row since Lehman.

Fri, 08/21/2015 - 14:46 | 6452531 rsnoble
rsnoble's picture

Realistically, the SP should go to the 400 area.  I'm not joking.

Fri, 08/21/2015 - 14:51 | 6452553 madcows
madcows's picture

just did 2:50 pm

 

Fri, 08/21/2015 - 14:48 | 6452535 davidalan1
davidalan1's picture

No QE and raise rates....would be some fun

Fri, 08/21/2015 - 14:48 | 6452536 Sanity Bear
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I was going to predict a Dow close at 165xx late this morning, but I figured nah, too aggressive, and I wouldn't get any credit for the call anyway.

Fri, 08/21/2015 - 14:55 | 6452569 Dude-dude
Dude-dude's picture

I'd look for a verticle upward tick around 9:01am Monday (futures intervention).  'No rate hike yet' talk to begin shortly.  If Dow breaches 16000 expect 'QE4' talk. 

 

 

Fri, 08/21/2015 - 15:31 | 6452750 Sanity Bear
Sanity Bear's picture

and with a half-hour yet to go it looks like that guess would have been too conservative rather than too aggressive

Fri, 08/21/2015 - 17:06 | 6453282 RaceToTheBottom
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Listen for it:

"We were going to raise rates, but because of China, we have to be prudent and hold off"

 

Ask yourself why Belgium is not buying up china?

Fri, 08/21/2015 - 15:00 | 6452575 Squid Viscous
Squid Viscous's picture

Cramer was whining like a little kike for no hike in 2015 (Hey that rhymes) pledge yesterday, now he'll be begging for NIRP, or QE4 or both...so predictable

Fri, 08/21/2015 - 14:59 | 6452584 Raoul_Luke
Raoul_Luke's picture

Yep!  This is just another taper tantrum but it will probably work.  No rate hike in September and that announcement produces but a temporary bump.  When the selling resumes (as the world economy continues to decline) then they will have no choice but QE4.  And I wouldn't be surprised if they use it to put us in the NIRP club.

Fri, 08/21/2015 - 15:01 | 6452592 new game
new game's picture

breaking thru to the other side...

Fri, 08/21/2015 - 15:07 | 6452616 coast
coast's picture

I saw that dow hit 411...wiouldnt it be cool if the dow ended on a friday at minus 420??   smoke em if ya got em.

Fri, 08/21/2015 - 15:08 | 6452623 jakesdad
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#banklivesmatter

Fri, 08/21/2015 - 17:17 | 6453374 Colonel Klink
Colonel Klink's picture

No they don't!

Fri, 08/21/2015 - 15:13 | 6452650 Banker Buster
Banker Buster's picture

BTFD'ers need more margin to BTFD

Fri, 08/21/2015 - 15:14 | 6452658 QE49er
QE49er's picture

Get to work Mr. Yellen

Fri, 08/21/2015 - 15:15 | 6452663 madcows
madcows's picture

Si se pueda!

Fri, 08/21/2015 - 15:22 | 6452700 Consuelo
Consuelo's picture

 

 

Gawd bless Ted Kennedy...

Fri, 08/21/2015 - 15:18 | 6452681 Bryan
Bryan's picture

You actually think the Fed with NOT unleash QE4? 

Fri, 08/21/2015 - 15:21 | 6452694 Consuelo
Consuelo's picture

 

 

So now that everyone is (presumably) waking up to what they thought was just a bad dream (2008/2009/2010/2011, and the rest drugged over by $QE), how long before the layoffs get underway...?   

 

https://www.youtube.com/watch?v=m1PKKdz0S34

Fri, 08/21/2015 - 15:26 | 6452711 Panafrican Funk...
Panafrican Funktron Robot's picture

Looking at IG corp bonds vs. equities, equities look about 33% rich from an index valuation perspective.  Check DJI vs. DJCBP over a 15 year timeframe. 

Fri, 08/21/2015 - 15:32 | 6452756 Squid Viscous
Squid Viscous's picture

I hope the bankers already bought their kids the GI Joe with Kung Fu Grip xmas presents...

Fri, 08/21/2015 - 15:58 | 6452913 Moar-ey Greedman
Moar-ey Greedman's picture

Time to buy into the Helicopter industry

Fri, 08/21/2015 - 16:22 | 6453068 Catalonia
Catalonia's picture

Fucking Truman's show shit right there. It's all fake. There is no market, no investors. Only them outside the dome and us inside.

Fri, 08/21/2015 - 16:55 | 6453212 RaceToTheBottom
RaceToTheBottom's picture

A 2% drop is nothing when the "market" is 50%-70% too high.

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