This page has been archived and commenting is disabled.
Presented with no comment...
h/t @NorthmanTrader
- advertisements -
Contact Information:
Tips: tips [ at ] zerohedge.com
General: info [ at ] zerohedge.com
Legal: legal [ at ] zerohedge.com
Advertising: ads [ at ] zerohedge.com
Abuse/Complaints: abuse [ at ] zerohedge.com
Suggested Reading:
Make sure to read our "How To [Read/Tip Off] Zero Hedge Without Attracting The Interest Of [Human Resources/The Treasury/Black Helicopters]" Guide
It would be very wise of you to study our disclaimer, our privacy policy and our (non)policy on conflicts / full disclosure. Here's our Cookie Policy.
......how much money has been printed in that time?
If that chart was in Austrian-definition inflation adjusted we wouldn't see the next two humps (fit on that chart)...
"one of these guys is doing his own thing..."
Make a video game where you are a grizzly bear and you have to swat and attack fat zombie bankers! Bonus points for chasing them up to the roof and swatting them off the side.. Or you can play the bull where you have to try to defend the office..
Break even!
And your weapon is a nailgun.. great idea:)
Already have a video game, its called NASDAQ. Longest running RTS in gaming history.
hump? what hump?
That chart's setting up to have a nice pair of cans.
Bigger is better, right?
Up vote for the Marty Feldman reference...
Remember the exponentially-growing Zimbabwe portfolio that would buy you three eggs?
Can drag racing punks really claim diplomatic immunity?
http://tinyurl.com/nzcefvw
So then this could just be the start?
It would be a shame if someone blew a hole in the engine block of this Qatari's toy...
Exactly. Each time ZH previously brought up the double-top meme the market continued higher.
Then the ZH articles more accurately reflected QE vs S&P.
Most chartists' double-tops fail. They are but a pause, in a longer trend.
Follow the money (printing)
Exactly tree fiddy.
The biggest double top ever? NO!!
this one is gonna get muuuuuuch bigger and then, boom! goes the zombie apocolypse
just enough to keep the fraud going.
2 bears and 3 jews and one christian science psychopath
we need at least 3 additional bears
It's not just a bear market.....it's a GRIZZLY bear market !
https://www.youtube.com/watch?v=73LcLOtfP4w
hmmm nice vertical line down.
It's been an oft-repeated meme on Wall St. not to "fight the Fed" well now we get to see the Fed fight gravity!
Great one!
Looks just like the Financial Index.. Elevator Down?
Most.Awesomest.Graph. Ever.
Hopefully, for tomorrows children, it will discover fair value now...
http://i67.photobucket.com/albums/h308/jstanley01/bear_with_guitar_singing_zps1c551675.jpg
https://www.youtube.com/watch?v=FZ7vJMqH04g
who needs technicalities in this market
Hell .... looks like a good old fashioned pump and dump scheme to me .
Better get TIm Sykes on the blower because he's an expert at that shit...
lol - pathetic!
first you talk about a meltdown
now that thr market is up again - so it;s double top??
sorry but you are a loser>>!
talked about VXX short coverage??
well since then VXX collapsed more than 30%!
what
First I just want to say that you built this city on rock and roll. Your name is just a little too short for the full statement of your character. My guess is that you actually built your city on debt and funny money, although it is my preference that cities be built using nothing but speed metal. Second, how can you not lose your mind reading the doom porn of ZH? May I suggest Business Insider or CNBC as a less stressful browsing experience? Finally, keep on rockin' in the free world!
worst...song...ever.
"Hijack" was pretty good.
Gracie Slick has always shopped at SafeWay.
Does technical analysis matter in manupilated markets?
The only thing more worthless than technical analysis is fundamental analysis.
Manipulated markets - sorry, I get dyslexic after a few drinks. But then corrupt, criminal markets usually drive me to drink
You may have started a new meme with "manupilated." I like it. Much better than "teh."
there has been plenty of "UP" in these "manupilated" markets ...
hey, i thought the truth was supposed to hurt ... ?
"Does Technical analysis matter?"
There, I fixed it for you. Say "thanks".
Technical momentum analysis is all you got.
Towers fall in the bible.
Towers of sin.
Idaho Falls.
As Falls Wichita, So Falls Wichita Falls...
Jon D big Metheny fan here!
I love graphs with pictures it makes them seem more like fairy tails.
Not that there's anything wrong with that, has certain appeal to certain types.
it certainly feels like they wanna press & test 1 last time. once they fail, thats when i expect QE4 and/or negative rates. barring a new fed board coming in with some balls, yellen & co. wont allow the pensions to actually have to trade their way out of it (especially since they're long only, they'd be trapped). only someone with the reagan-esk mindset of being there for 1-term would have the minerals and do whats necessary to get us back on a sustainable course. although, at this point, i doubt that will ever happen because the pain that would inflict on people would echo so loud thru those halls they'd reverse course & buckle under the pressure. unfortunately, those same people don't realize the man-made (self-inflicted) pain is ALOT lighter than the market-based pain we are heading towards.
The Fed is an utter failure. Andrew Jackson was right to rid of the scum back in his time. A massive reset needs to take place, then a Global Douche of this planet of bank$ters would be icing on the cake.
The Fed is only a failure from the perspective of everyone not in the bankster cabal.
The Fed is actually doing EXACTLY what it was created to do.
And yes, extermination of bankster psychopath vermin is definitely long overdue.
She seems just a touch lopsided, but that never bothered me.
The numbers are the same for both tops. Just the digits are in different places - 5132, 5231. Sameo, sameo.
everyone and always, love technology. even in the '20s with the 'wireless' and phoograph. but these companies, esp today, never ever pay shareholders any dividends or 'cash flows' referrred to in many textbooks that shareholders are entitled to. instead each and every time its a matter of getting in early, letting the story run its course and selling out with nice profits to greater fools who seem to believe the outrageous extrapolations needed to make paying infinity P/E look like a good deal.
tech enhances peoples lives through innovation, but only the workers and early investors (who sell) make money. there are very few msft or hp or intc out there and many many many more companies who have come and gone. tech is deflationary in the best more naturally evolved way....prices 'shouldnt' ever get this high, but humans are involved so stupid is as stupid does.
Awesome. I suggest to amend the incorporated laws to hold stock holders accountable to creditors. That way, a proper decline to DOW -20'000 would be possible.
Double-tap is more like it
See the dancing bears? Big Top is more like it.
I can hear the caliope music now, thanks
If we go sideways here for a bit William O'Neill would say it looks like a cup and handle that is ready to break out
sideways and slightly down for a decent handle; buyback at what 5100?
but lets continue to ignore actual profits and cash flows to shareholders....100x p/e lets go for 500x on the whole friggin index!
I'm saying we drop down to 7000....but who the fark am I?
I like things that come in pairs. Speaking of pairs, there has been a dearth of clickbait icons lately.
And to think...that poor bear probably works for scale.
So sad.
Everyone of them have the same I.Q.
Poor bear.
No doubt all the little people got out during both those tops and suckered the bankers into buying in at both the troughs...we always win with ETrade
Is this the biggest double top ever?
Er.....does the pope have a balcony?
NO, because things are different this time. We now have a highly invested and engaged central bank with a $4.5 trillion bankroll openly using algorithms, dark pools and HFT momentum to manipulate markets.
Arguments for against increasing rates:
- Economic data is BS. Many people are marginally employed or choosing to remain unemployed and real incomes are falling. Debt levels are rising.
- Global economic factors present headwinds to US economy.
+ FED credibility. Actions of the FED should be predictable.
+ Suppressed rates are are doing damage - distorting the economy, inflating asset prices and rewarding inefficient and risky behavior.
- Suppressed rates are subsidizing the banks - insulating from thier mistakes past and present.
- Supressed rates are making the rich richer and the poor poorer.
+ It is time to pop the bubble and reset the market in preparation for the next bull run.
Expect a token increase.
Makes sense. A 25BP raise, the "markets" freak out, then go back to "normal" after a few days.
No.
This is.
http://streetknowledge.files.wordpress.com/2008/06/biggest-boobs.jpg
I've been flat for over 2 weeks.
You can call it a "double top", but in all likelihood it will be a false "breakout", at which point the "sell-side" will leave the newest generation of "useful idiots" holding the bag.
Biggest ponzi scam ever.
Why didnt I get in on it!
Need an aspirin or a lobotomy.
If this turns into a double top reversal, what would be the price target?
Minus 2800... roughly...
Nasdaq zirp type affair
Sell the rips... T/A comes back into play, and you can start using your charts and rational technical analysis until Moe Howard starts QE-4.
Lets pick a fun name for QE-4.
The undocumented immigrant re-patriation for humanity, and indoctrination, loan forbearance act; sounds good.
Best graphic evar. Hands down.
Simple question...why the heck would they let this bubble burst 1 year before a presidential election?
After all Mr. Obama's legacy is at stake here. Do you really think he leaves with the biggest bubble ever bursting on his watch?
It doesn't add up.
One final QE4 to propel the whole thing into January 2017..don't you think?
You think 'they' care about Obama's legacy? I think they are looking to load as much shit on his shoulders as they can.
Simple answer: what if they dont care about the 2017 election..and their are many variables in the global economy. Not just QE, like with Japan. People are waking up, protesting, rioting, China is doing its thing, etc etc etc....A billion years of QE cant fix what is going on globally. This isnt about QE or rate hikes, its about humanity.
and:
obama has nothing to do with anything, he is a puppet and the zionist banksters would throw him under a bus without blinking.
In fact, they will ruin him, and then say to everyone "see, black people cant run a government that is why we have to take control"
Thats right he is a puppet, and a very good one. They will keep him in buy blowing the market, ushering in widespread panic (not the the rock group), and declaring Martial Law. Been the plan all along!
At least the Zionist bankers can read a calendar. The Election is in 2016. Nov 2016.
You have no recollection of 2008? Obammy and mclame sitting at the whitehouse trying to look intelligent during the crash?
I don't think even the Mighty Chosenite Bankster Cartel can hold back what's coming for too much longer, but Sept 2017, a few months before the election....you know to convince the sheeple they must vote for a NEW kind of CHANGE!!!!! Then the war comes.....
The election is in Nov. of 2016. All the Chosen know that. Sorry to see you left out. Just an accident of birth, eh?
@stantheman...what if martial law were to be imposed (pick a potential trigger, any trigger, really) and you have the begining of an Obama "dictatorship".
I wouldn't be too worried either if I were Obama...either way, the House wins.
SDR are next..to save the day.
The human mind is wired to see patterns even when none exist, this explains technical analysis.
It would do if markets were entirely random, but they are not. Plenty of the most successful traders of all time use(d) technical analysis.
How about an exponential growth curve?
Like this one.
Everyone in the stock market just needs the livin' shite scared out of them really good from a large stock market drop and that would without doubt be great for precious metals.There's a lot of investors out there and traders as well right now that have never experienced a big drop or a bear market.
I call it, market tectonics... It's based on the reverse Matterhorn theory.
As the top of the slope from the original peak can no longer support the weight beneath it, it folds back on itself and creates a large ripple that bounces off the side of corporate earnings.{rate hike rumors}
The second wave initially splashes higher in the shitter because of extra hot sauce {buybacks]... But eventually everyone has to leave the shit stained outhouse because the hookers & blow run-out.
Hear hear...!!
Dramatically upped my puts yesterday. Let it rip...!!
Tick tock, tick tock....
precursor (and visually similar) to tits up
China’s holdings of U.S. Treasurys drop $30 billion in a month
http://www.marketwatch.com/story/chinas-holdings-of-us-treasurys-drop-30...
The 2000-01 chart which was a steep rise and went up straight (almost 80-90 degrees) compared to the 2009-15 chart showing strady rise but at a smaller angle. Its possible after tomorow's no-rate-cut-Yellen-show, NASDAQ will start another climb to 6000 in the next 4 weeks and then crash...
I say we crash in October and the dollar will follow and the money or inflation starts spilling over into commodities.
That aud/usd chart is pretty closely correlated to the metals and oil.
That puppy has been riding the 200 h-4 (gmt+2 chart)for a week or so.
Me thinks we get another round of $usd strength <blow off top> over the next several weeks, and commodites get drilled.
Then I'll start putting the profits from my short corp debt trade to work.
commodites get drilled
Some get eaten. What doesn't spoil.
Is it fair to say that the "market" probably wasn't (as?) rigged back in 99 than today?
If they've started to semi-plan the economy, maybe it's not gonna be the same kind of crash we're used to?
https://app.box.com/s/xbdv75y5huegohljw9cljzr1j5bcclf9
https://app.box.com/s/x85ciaw5unj1fih8m8iebx63s8nlhqhx
https://app.box.com/s/rvlhbckx959xahjysa30zwyallimx0qb
https://app.box.com/s/et6lp7tn4jl4jyc7eq19nvfvxwnoek85
http://tinyurl.com/osaodka
Speaking of tops, risk, and why the Fed won't/can't raise rates.
Looks like a chart of the life period of a Gen Xer. That's pretty much exactly how life went. Wee!!!
it's different this time.
Is this the biggest top ever? No..cause I don't recall hearing the bell..
Barnum and Bailey had one of those. Several in fact.
How come nobody ever takes the graph back to 1720?
That kind of longer term relationship may also validate the extremely long view taken by the WolfeWave, which goes into the next decade.
It is touched up in this video:
https://www.youtube.com/watch?v=BgagnVfsJMU
MMMMMMM!
Looks like a super bullish "Convex Cup n' Handle" formation. Go long bullshit.
Dat shit does not exist, double top, bottoms. It is a myth, an urban legend
Double Bottom Hull Formation. Unsinkable.
OK if that was a stocks graph, how many of you would be still holding, for even higher highs, indefinately.
Now if you believe that graph will just go up and up forever more....because the Fed........
China decided to devalue its currency, the world had a hissy fit.
Small actions are having amplified outcomes.
love the bear
Ben looks like a fake bear.