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Is This Why Jobs Crashed

Tyler Durden's picture




 

Guess who:

CLAIMS” AND NONFARM PAYROLLS: It’s A Very “Tidy” Correlation Indeed: This wonderful chart, courtesy of TD Securities, shows how almost perfectly jobless claims and non?farm payrolls correlate, and so with “claims” falling as they have, payrolls today could be surprisingly high.

 


 

You guessed it.

 

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Fri, 10/02/2015 - 11:16 | 6620922 Spitzer
Spitzer's picture

lol Gartman is going to go after ZH for libel. I don't support Gartman but im just sayin...

Fri, 10/02/2015 - 11:17 | 6620931 SheepDog-One
SheepDog-One's picture

lol wut?

Fri, 10/02/2015 - 11:22 | 6620966 Spitzer
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li·bel ?l?b?l/ noun noun: libel; plural noun: libels 1. Law a published false statement that is damaging to a person's reputation; a written defamation. I guess the "false statement" part is quite subjective...
Fri, 10/02/2015 - 11:29 | 6620990 Temporalist
Temporalist's picture

What is false about showing factually how this assclown gives awful advice and even in reactive hindsight is consistently wrong?  Just quoting him cannot be libelous.

 

Fuck if anything the whole investing world should be suing CNBS and Gartman along with Cramer and they should all be banned from publishing, the airwaves and internet.

Fri, 10/02/2015 - 11:32 | 6621021 glenlloyd
glenlloyd's picture

you get bonus points for using the word 'assclown.'

Fri, 10/02/2015 - 11:48 | 6621110 SuperRay
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Thank god for Gartman. He's amazingly consistent. All you have to do is the opposite of whatever he says or does and you're guaranteed to make money. He's a better fade than (I just threw up in my mouth anticipating the name) Cramer.

Fri, 10/02/2015 - 11:57 | 6621146 The Once-ler
The Once-ler's picture

 
(You should capitalize God and not gartman!)

Fri, 10/02/2015 - 14:00 | 6621722 Arnold
Arnold's picture

An amazingly successful back running day trader.

 

 

In the POTUS mold in the best way possible.

 

Here, let me try:

Hey, Exxon, get up off your dead ass and get back to your 2013 highs so that I can sell you.

I expect upward movement in your shareholder price, no later than 3:30 PM  Monday.

 

http://finance.yahoo.com/echarts?s=XOM+Interactive#{%22range%22:%225y%22,%22allowChartStacking%22:true}

 

See, they are working on it . Booyah!

Fri, 10/02/2015 - 14:05 | 6621787 Arnold
Fri, 10/02/2015 - 11:48 | 6621111 tc06rtw
tc06rtw's picture

  
     …  I prefer ‘clownass’.

Fri, 10/02/2015 - 12:23 | 6621271 vollderlerby
vollderlerby's picture

There *was* nothing wrong with it... until I was about twelve years old and that no-talent assclown became famous and started winning Grammys.

Fri, 10/02/2015 - 12:03 | 6621181 tarsubil
tarsubil's picture

Look at that chart he used. Payrolls are the leading indicator. Is he really this fucking stupid?

Fri, 10/02/2015 - 11:49 | 6621116 Crocodile
Crocodile's picture

The assumption is the reputation is a valuable one.  I did not give you a thumbs up or down because you only pasted a definition.

 

Define "Freedom", then name a single person who ever walked this planet who has or had it; there are none..it is the grand illusion.  As an example.

Fri, 10/02/2015 - 11:17 | 6620933 synergize
synergize's picture

No this is great for Gartman - probably more business for his newsletter as his calls are always DEAD wrong.  Not too shabby for contrarian investors.

Fri, 10/02/2015 - 11:23 | 6620971 Normalcy Bias
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...and the glasses and pen make him seem so smart and authoritative!

Fri, 10/02/2015 - 11:30 | 6621009 Temporalist
Temporalist's picture

If only he had a proper English accent

Fri, 10/02/2015 - 11:50 | 6621122 Chief Wonder Bread
Chief Wonder Bread's picture

Who reads his newsletter? Clearly a contra-indicator to some (ZH) but could anyone in the business of managing OPM actually take him seriously?

I don't claim to be a genius with charts but even I can see the fallacy in linking that "perfect" correlation of a long-term chart to today's payroll.

Fri, 10/02/2015 - 11:23 | 6620969 RopeADope
RopeADope's picture

It is only libel if ZH is wrong...

Fri, 10/02/2015 - 11:16 | 6620923 SheepDog-One
SheepDog-One's picture

Gartman, King of the Assholes.

Fri, 10/02/2015 - 11:33 | 6621030 Charles Nelson ...
Charles Nelson Reilly's picture

the relentless ball busting of gartman is great!

Fri, 10/02/2015 - 11:35 | 6621041 BandGap
BandGap's picture

I need to find out what he is on and get some. Oblivion here I come!

Fri, 10/02/2015 - 11:16 | 6620925 BlueStreet
BlueStreet's picture

Finally, now we can break 1867. 

Fri, 10/02/2015 - 11:26 | 6620981 MadVladtheconquerer
MadVladtheconquerer's picture

Nope, not w/ Goldman ramping for the Fed and w/ Morgan Stanley filling record buyback orders at the corporate desk!

See!  Major indices have rebounded sharply per the 10:30 ramp attempt.  Now, the 11:30 edition

might just take many of the indices green or close to it.  

MACD buy cross on the SPX will likely issue next week or shortly thereafter.

The Fed can do this for longer than you can stay solvent. 

Its a nice thought though. :)

Fri, 10/02/2015 - 11:45 | 6621090 Crocodile
Crocodile's picture

Very good commentary and analysis.  Thumbs up!

Fri, 10/02/2015 - 11:50 | 6621123 SuperRay
SuperRay's picture

It's called HFT short covering

Fri, 10/02/2015 - 12:17 | 6621246 MadVladtheconquerer
MadVladtheconquerer's picture

If so, that suggests a lack of conviction for a continuation/acceleration of the down move.

DJIA may actually be up big for the day at this rate of recovery!  Dow now of 19.

SPX from -29 to 3. 

SOX about to go green; NDX already green.

Fri, 10/02/2015 - 12:43 | 6621357 MadVladtheconquerer
MadVladtheconquerer's picture

DJIA just went green in the middle of my salad.

Market agnostic:

If its going up, buy.

If its going down, sell/short.

If its going sideways, go fishing.

The Fed can print money forever and a day and GS can buy at the behest of the Fed for just as long.  Don't fight the Fed.

Fri, 10/02/2015 - 11:48 | 6621106 MadVladtheconquerer
MadVladtheconquerer's picture

RUT, MID and DWCPF tested their lows from Wed and have bounced smartly.  SPX tested its low (1867)

(touching 1872) before rebounding on Wed as well.  Will it hold?  We'll see.

Recessionary data are simply not getting the type of reaction in equtiies that you would expect.

Furtherrmore, equities SHOULD have led (anticipated) these data and they apparently have not, eg, proactive not reactive.

Most major indices are down 0.5% to 0.7%.  More of a yawner than anything else.

You really must be a market agnostic, eg, bulls make money; bears make money;

pigs (and idiots) get slaughtered.

Looks like the 11:30 ramp will see me eating lnuch to a bloody red screen.  But 3:30 is when the real ramp fun starts!

Or maybe not!

Fri, 10/02/2015 - 11:16 | 6620926 Serfs Up
Serfs Up's picture

Big deal....""they"" have already plowed on 20 AssNPee points straight up from the open because, you know, and such as.

Fri, 10/02/2015 - 11:17 | 6620929 Dr. Engali
Dr. Engali's picture

I'm confused as to why you have any money left to manage Gartman. Never underestimate the stupidity of the American public I guess.

Fri, 10/02/2015 - 11:21 | 6620960 RopeADope
RopeADope's picture

Appearance fees are why Gartman is on all the time.

Fri, 10/02/2015 - 11:29 | 6620985 depression
depression's picture

I bet he keeps a chart correlating the number and frequency of apperances with cycles of new client calls / accounts opening. He probably has a bonus incentive tied to all this.

Fri, 10/02/2015 - 11:29 | 6621001 Normalcy Bias
Normalcy Bias's picture

That, and the fact that he seems to uncannily deliver the MM-approved message of the day for the muppets...

Fri, 10/02/2015 - 11:24 | 6620976 Ataxic Press
Ataxic Press's picture

Once one has established a certain level of "leadership," it doesn't really matter what one does after, unless one angers the upper management.

Fri, 10/02/2015 - 11:17 | 6620932 RacerX
RacerX's picture

Well if it's good enough for Gartman..

Fri, 10/02/2015 - 11:17 | 6620934 RopeADope
RopeADope's picture

Einstein once said "Being constantly wrong and expecting success is the definition of insanity"

Fri, 10/02/2015 - 14:16 | 6621841 Arnold
Arnold's picture

No he didn't but it is a good premise.

Copyright and print the shirt and put your brand on it.

Fri, 10/02/2015 - 11:18 | 6620944 aliki
aliki's picture

lol ... tim cook was just talking about "back doors" on his conference call

i have absolutely no issues with gays, but that shit was funny

Fri, 10/02/2015 - 11:19 | 6620946 Nothing Ever Happens
Nothing Ever Happens's picture

Unleash the Gartman.

Fri, 10/02/2015 - 11:19 | 6620950 Itch
Itch's picture

Prediction is like masturbation; you're just fucking yourself.

Fri, 10/02/2015 - 11:23 | 6620964 depression
depression's picture

Epic Failure in simple Logic.

This moron actually get's paid (a lot of money) to come up with this 'tidy bit' of nonsense... Unreal.

Fri, 10/02/2015 - 11:32 | 6621022 Depression is Coming
Depression is Coming's picture

How does this idiot remember to breathe? You couldn't try to be as consistantly wrong as this guy.

Fri, 10/02/2015 - 12:25 | 6621208 tc06rtw
tc06rtw's picture

  
 …  his iWatch prompts him:  inhale… exhale… inhale…  
  
  
 
  
     (BTW… Have you noticed how nobody wants an iWatch?)

Fri, 10/02/2015 - 14:19 | 6621858 Arnold
Arnold's picture

doesn't want to be replaced by H!B, so works for cheap.

Fri, 10/02/2015 - 11:39 | 6621054 Brokenarrow
Brokenarrow's picture

tyler--let this fool go. im afraid he'll committ suicide. imagine your life's work and everyday you are wrong. if you think the cnbc azzzzzholes dont read this site you are wrong. even david einhorn said, "he reads it." he reads yahoo posts, too."

Fartman should go quietly away, like Cher. Hugh Hefner, MY HERO, should do the same.

Fri, 10/02/2015 - 11:42 | 6621077 Traderone
Traderone's picture

I think Gartman is a very generous guy because every day he opens his 'retirement' fund and lets other traders help themselves to it.

Fri, 10/02/2015 - 11:46 | 6621095 CHoward
CHoward's picture

He obviously knows someone.  If anyone else said the shit he did, they'd be lcoked the fuck away in the nut hut.

Fri, 10/02/2015 - 11:47 | 6621098 cougar_w
cougar_w's picture

Reading chicken entrails.

Fri, 10/02/2015 - 11:53 | 6621138 GoBadgers
GoBadgers's picture

I am currently short of jobs in Gartman terms.

Fri, 10/02/2015 - 11:54 | 6621142 Platinum_Investor
Platinum_Investor's picture

How can this guy be this big a fool ! You'd think they would stop broadcasting him.

Fri, 10/02/2015 - 12:05 | 6621195 alfred b.
alfred b.'s picture

 

    Gartman is Cramer in a better suit!

 

Fri, 10/02/2015 - 12:40 | 6621322 tc06rtw
tc06rtw's picture

 

                      Touché !

Fri, 10/02/2015 - 12:27 | 6621289 foxmuldar
foxmuldar's picture

Bad jobs report spells no rate hikes thus the early selloff is about to turn positive for stocks. Once again bad news is good news

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