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Crude Crashes & Stocks Soar As Global Central Bankers Hit Panic Button

Tyler Durden's picture




 

Distraction time....because quite frankly buying into this central bank-driven mania confirms most investors are from another planet bereft of common sense...

 

From the China rate cut, stocks spiked then retraced it all before a mysterious buyer of first resort lift everything back to the highs of the day (to 'prove' everything is awesome)...

 

But Nasdaq was soaring on the back of GOOG, AMZN, FB, and MSFT...

 

AMZN, MSFT, GOOG - bwuahahaha

 

On the day, Nasdaq was the biggest winner with Trannies lagging but everything higher...

 

On the week, Nasdaq was again the big winner as Small Caps scrmabled back to the unchanged line (and S&P back to unch year-to-date)

 

The cash Nasdaq Composite closed above 5000 for the first time since 8/18. Dow & S&P closed above its 200DMA, And The S&P 500 Tech sector closed at its highest since September 2000... (the 5% gain this week is the biggest since Dec 2011)...

 

VIX notably decoupled from stocks today...

 

And more clearly over the last 2 days... VIX is unchanged from 1230ET yesterday, while the S&P is up 30 points since then...

 

Of course - it wasn't just US equities. Japanese stocks were insane - NKY rose over 1100 points this week tick for tick with USDJPY's surge...

 

Treasury yields rose in sympathy with equity exuberance today with the belly underperforming the long-end on the week(decoupling today after China)

 

But TSYs and stocks remain decoupled on the week...

 

The US Dollar soared against the majors this week... (the best week in 4 months to 3-month highs) - the last 2 days are the biggest rise in The USD Index since Oct 2011

 

And had its best wek against Asian FX in a month.. (amid very significant volatility)

 

Commodities all lost ground on the week against the stronger USD - Gold's worst week in the last 6, Silver's worst in the last 8, but crude was wost... not exactly the picture of rate-cut driven growth expectations...

 

Gold was waterfalled after spiking on China rate cut news...

 

This was Crude's worst week in 3 months... (down 10% in the last 2 weeks)

 

*  *  *

Finally, all regions saw rate-hike timing rise (extend) with Europe now assuming no rate hike for at least 3 years!!

 

Charts: Bloomberg

Bonus Chart: And Here's Why You Were Buying This Week!!!

 

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Fri, 10/23/2015 - 16:09 | 6703865 Two Theives and...
Two Theives and a Liar's picture

Smells like Zimbabwe Spirit!

Fri, 10/23/2015 - 16:12 | 6703874 Bernoulli
Bernoulli's picture

We're already in the preparation phase for hyper-inflation. We just don't know it yet.

Fri, 10/23/2015 - 16:13 | 6703881 Hitlery_4_Dictator
Hitlery_4_Dictator's picture

Star Wars is for super duper uber debt NWO slave fags who have nothing left in thier real lives to be excited about. Fuck this movie and the retards who are hyped up to see it. 

Fri, 10/23/2015 - 16:17 | 6703898 JRobby
JRobby's picture

Laugh Track Deafening

Fri, 10/23/2015 - 16:23 | 6703902 Hitlery_4_Dictator
Hitlery_4_Dictator's picture

They should just shoot themselves now, or better yet use the Force to off themselves. I bet that would be a wet dream for those nerd hispter queers. Oh how I dispise group think. Get a life and go outside, bang a girl, go hiking. Anything to stop the consolidation of power and influence to the elites. Yes, they are involved with your gay star wars movie. 

Fri, 10/23/2015 - 16:25 | 6703921 adr
adr's picture

I wanted to like the new movie but the Black hero and could be latina heroine ruined it for me.

That and I heard they are killing off Luke and Han.

Fri, 10/23/2015 - 16:27 | 6703929 Hitlery_4_Dictator
Hitlery_4_Dictator's picture

Be someone, create something. Be a free man.  Iron Madien: (The Prisoner) https://www.youtube.com/watch?v=apKhsA6DeyI

Fri, 10/23/2015 - 16:42 | 6703982 Hitlery_4_Dictator
Hitlery_4_Dictator's picture

No green for the Madien? This is a great song with an excellent message. 

Fri, 10/23/2015 - 16:46 | 6703995 FreeShitter
FreeShitter's picture

I prefer the Number of The Beast since that is where this system is headed.

Fri, 10/23/2015 - 16:50 | 6704021 Implied Violins
Implied Violins's picture

At least musicians are mostly up front about selling out. You can tell which ones have just by looking for NWO symbolism in their videos.

Fri, 10/23/2015 - 17:09 | 6704082 Hitlery_4_Dictator
Hitlery_4_Dictator's picture

The drummer is a born again Christian. I like the deep cuts but you are totally correct. ANother good one Revelations: https://www.youtube.com/watch?v=c5FKSu8MWW0

Fri, 10/23/2015 - 17:49 | 6704266 JRobby
JRobby's picture

Wow! Now that is a sign of one of Natures Natural Noblemen!  Like a coupon for ridicule.

If Jesus came back and saw what was being done in his namehe'd never stop throwing up.'

Fri, 10/23/2015 - 20:09 | 6704833 Hitlery_4_Dictator
Hitlery_4_Dictator's picture

Radical quote from a freak pedophile.

Fri, 10/23/2015 - 16:59 | 6704047 Armed Resistance
Armed Resistance's picture

I do love it, but I'll take "Run to the Hills" in honor of the NWO "scurry" that's sure to come as the people awake from their enslavement.

Fri, 10/23/2015 - 17:26 | 6704137 foodstampbarry
foodstampbarry's picture

A white guilt jew made the movie, so of course the main character is black. White privilege must be stamped out across the galaxy.

Fri, 10/23/2015 - 17:37 | 6704211 Eirik Magnus Larssen
Eirik Magnus Larssen's picture

Triumphalism about your own superiority. The civilized term for it is racism.

Fri, 10/23/2015 - 21:05 | 6705022 Government need...
Government needs you to pay taxes's picture

Hey nigger, get to the back of the bus.

Fri, 10/23/2015 - 17:25 | 6704161 debtor of last ...
debtor of last resort's picture

Star Wars 7; Bubba's Cellmate.

Sat, 10/24/2015 - 11:40 | 6706312 max2205
max2205's picture

Heard people this weekend discussing how the market will get them to retirement 

40 ish  idiots.  

 

The end is near 

Fri, 10/23/2015 - 16:22 | 6703910 Bernoulli
Bernoulli's picture

I agree. It's a bit mainstream. How about some variation with the ZH clips?

Like this scene from Lost Highway for example:

https://www.youtube.com/watch?v=qZowK0NAvig

Could always be used when you think to yourself "this is fucking crazy!". Like today. And yesterday.

Fri, 10/23/2015 - 16:24 | 6703916 markpower49
markpower49's picture

White loser nerds who hate their own race will watch this garbage, no one with a life would. Blacks ruin everything, everywhere.

Fri, 10/23/2015 - 16:27 | 6703927 adr
adr's picture

If more blacks move to an area previously vacated by blacks, do they make it worse than it was?

Fri, 10/23/2015 - 16:30 | 6703947 rightwingterrorist
rightwingterrorist's picture

Without question.

Fri, 10/23/2015 - 18:46 | 6704485 AdolfSchicklgruber
AdolfSchicklgruber's picture

"super duper uber debt NWO slave fags" is freaking genius. Thank you. You are correct. Modern man has been so reduced to nothing that even his basic, innate abilities to survive in the outdoors and the very desire to live itself have been stolen by our overlords who need us to be weak and pliable Walking Dead zombies. Ever notice the rise in Zombie movies and shows lately? That's cuz that's how they view us. We are walking mindless drones who simply eat and eat and eat and clog up the world with our stinking rotten flesh. Meanwhile they try to merge with the internet and leave the earthly plane behind. Star Wars is bread and circus. With 3d movie tickets at almost 20 dollars a pop these must see movies also become a good way to get us into more debt.

Fri, 10/23/2015 - 16:21 | 6703908 madcows
madcows's picture

It is interesting that you have named yourself Bernoulli, seeing as how Bernoulli's Equation deals with fluids (ie, liquid-ity), and correlates it to pressure, and velocity.

And, of course, this article is dealing with QE, which is nothing more than applying pressure (liquidity) in the attempt to create velocity of money.  Problem is, the pipe is plugged with debt. 

Fri, 10/23/2015 - 17:02 | 6704059 Jeffersonian Liberal
Jeffersonian Liberal's picture

madcows -- nice analogy with the water and pressure and all but, tsk, tsk...

The goal is not to create (I assume you mean increase) the velocity of money.

If they wanted to do that, they would take all those hundreds of billions that they pumped out through the discount window to the primary banks and they would force it out through the lower-tiered banks so that it became cash on the street.

Instead, they fed that liquidity to the big boys so that they could invest in the equities markets with NIRP/ZIR, pump the markets up, dump at the peaks, and clean up with the profits.

If they let that liquidity out to the street (increased the velocity of money), that would lead to a massive inflation that even the feds wouldn't be able to hide, would drag the markets down, and let all the air out of the USD.

The QE was to make the banksters richster, to make the economy look good, to make Obama and his pseudo-Keynesian (Keynes is rolling over in his grave that this debt-based spending is being done in his name) economic plan (meaning, central planning/management of monetary policy) look like they are successful. It's that simple.

Fri, 10/23/2015 - 17:03 | 6704062 Bernoulli
Bernoulli's picture

To be completely honest with you, I thought of JACOB Bernoulli, the probability guy (uncle of Daniel Bernoulli, the hydrodynamics guy) when chosing the name and avatar. But there were so many geniuses in that family, it makes you want to cry...

Fri, 10/23/2015 - 21:10 | 6705037 mijev
mijev's picture

I read a book recently called "Five equations that changed the world" and the author said that Daniel Bernoulli was on a train going back home and the man opposite asked his name. When he tlold him "Bernoulli" the guy replied, "Yes and my name is Isaac Newton." Seems the Bernoullis were rock stars back then.

Fri, 10/23/2015 - 18:38 | 6704178 JRobby
JRobby's picture

+1000, the pipe is plugged with debt.

It is like they are bound to a chair with their hands behind their backs with a tube connected to a massive tank of nitrous jammed down their wind pipes on full blast. NITROUS = DEBT. THEY CANT STOP THE FLOW! POWERLESS, BUT THEY JUST GET DRUNKER AND DRUNKER!

Fri, 10/23/2015 - 17:36 | 6704209 milking institute
milking institute's picture

My sentiment as well,STAG-FLATION (inflation without growth) would be the worst possible outcome but looks to be in the cards?

Fri, 10/23/2015 - 16:17 | 6703899 yogibear
yogibear's picture

Yep, hperinflation is the Federal Reserve and government's final plan to reduce the debt owed.

When bread cost $1,000/loaf and EBT cards only provide the people with $600 for a family of 4  society will be unglued.

It's lock-down and everything is closed.

Fri, 10/23/2015 - 16:38 | 6703974 slaughterer
slaughterer's picture

ES chart is similar to 2008 right before the crash.  Today was a great day to initiate short positions.   AAPL earnings be damned.  

Fri, 10/23/2015 - 17:12 | 6704077 Keltner Channel Surf
Keltner Channel Surf's picture

Can't recall more bizarre looking charts, especially intraday.  Some might claim you’re better off waiting till after the FOMC and BOJ, getting short after the mess of dove droppings are on the ground and measurable.  However, I often forget that FOMC minutes are lagged a month, so next week’s verbiage may be from a time when pseudo-hawk fake-outs were still in play, and there's no press conf w/ Janet.  In the past, they’d handle this by simply sending out a Fed-Head the next day to refute everything, but I don’t see any Feddies on next Thur or Fri’s Economic Calendar.  I think some, like Lacker, are more afraid of bubbles than we suspect, so you’d think they’d want to nip a December SPX 3000 print in the bud.  Interesting week ahead …

Fri, 10/23/2015 - 17:28 | 6704167 RopeADope
RopeADope's picture

I was thinking today would make a great island Head with Shoulders at 1900 and follow on support at 1750. Next couple weeks will be interesting.

Only thing is the CB and it's proxies may have killed off enough humans so that machine traders will keep distorting the market.

Fri, 10/23/2015 - 17:33 | 6704192 JRobby
JRobby's picture

Shorts will be jammed into the wood chipper when QE IV starts.

Fri, 10/23/2015 - 16:10 | 6703867 thismarketisrigged
thismarketisrigged's picture

u should have seen this morning on cnbc, cramer was having a fucking orgasm on air.

 

he was fucking getting off to amzn, goog, msft, also facefuck, it was the happiest i have seen him in years.

 

its basically been a non stop upward trajectory in the s& peee and nasshit and dow shit industrials  for the past 3 weeks.

 

oil is up, good for stawks, oil is down, good for stawks, rates move higher, good for stawks, rates move lower, good for stawks, everything is fucking good for stawks.

 

buy stawks, bc who cares wat wmt or cat or ibm says, amzn says everything is fucking awesome.

Fri, 10/23/2015 - 16:15 | 6703894 Bernoulli
Bernoulli's picture

Amazon P/E     868.97
All I have to say is: This time it's different!!!

Fri, 10/23/2015 - 16:30 | 6703949 Karlus
Karlus's picture

Thats nothing....check MBLY P/E

Fri, 10/23/2015 - 17:07 | 6704078 Bernoulli
Bernoulli's picture

473 employees and 10 billion market cap? nice!

Fri, 10/23/2015 - 16:38 | 6703976 RopeADope
RopeADope's picture

They should just replace the P/E ratio with the Price to Unearnings Ratio.

Since unearned can be infinite every equity is now under-priced...

Fri, 10/23/2015 - 17:09 | 6704084 Bernoulli
Bernoulli's picture

P/U ratio. Good idea. But then everybody would think it's the "Price to Unicorn" ratio

Fri, 10/23/2015 - 17:15 | 6704108 RopeADope
RopeADope's picture

Nothing wrong with that...

All donkeys are unicorns now as auditing is a lost art.

Fri, 10/23/2015 - 16:20 | 6703906 JRobby
JRobby's picture

Cramer was euthanized months ago. What you see now is an advanced cyborg rolled out especially for this moment in history when total insanity is the norm.

They were afraid Cramer would crack and blow his cover.

Fri, 10/23/2015 - 20:04 | 6704811 Global Douche
Global Douche's picture

I see this as a Goldman Sucks scenario. Just bet the opposite of that Looney Tune. When the SHTF and he has his worst-ever meltdown on Bubblevision(sm), then pat yourselves collectively on each other's backs as you get the last laugh against the Chicken Coop Borg Collective. 

Fri, 10/23/2015 - 16:11 | 6703871 Keltner Channel Surf
Keltner Channel Surf's picture

**Fellow ZH-ers:  after writing 170 song parodies for these pages YTD, I’ve decided to take a break. 

Since Feb I’ve been storing them on an ad-free website, w/ graphics and YouTube links to the originals, so those who like this sort of thing can find them all catalogued here ->  http://keltner-surf.blogspot.com

Thanks for all your comments and feedback throughout the year.

Happy trading,
KCS

“Mama Told Me Not To Short”      from  “Mama Told Me Not to Come”    by Randy Newman/Three Dog Night

‘Want a Buy Stop at the pivot?
Ain’t you worried ‘bout a squeeze?’
What are these crazy questions you’re askin’ me?
This is the craziest market that could EVER be
No monthly statements, ‘cause I don’t wanna see

Mama told me not to short, Mama told me not to short
“That’s not the way to have fun, Son”

Bloomberg TV’s blasting, margin clerks are at the door
I’m looking at my broker, he’s passed out on the floor
I’ve seen frothy ramps like I ain’t never seen before
Used to fade new highs -- not anymore

Mama told me not to short, Mama told me not to short
She said:  “Don’t play with loaded guns, Son”

Mama told me, Mama told me ...

Fri, 10/23/2015 - 16:15 | 6703893 commishbob
commishbob's picture

Thank you for your efforts and the entertainment KCS!

Fri, 10/23/2015 - 17:04 | 6704065 Automatic Choke
Automatic Choke's picture

ditto!   a well earned rest.

Fri, 10/23/2015 - 17:25 | 6704157 Keltner Channel Surf
Keltner Channel Surf's picture

Thanks, guys, now I can get rid of all the thesaurus links cluttering up my desktop.  (Inside joke in my family is that when I was young, my favorite dinosaur was the Thesaurus.)

Fri, 10/23/2015 - 20:18 | 6704853 herkomilchen
herkomilchen's picture

Appropriate that this comes on a day like today.  Markets what they are.  Today feels like peak something.  Peak bullshit.  Peak credibility.  Today feels like a watershed.

Good to go out on a peak.

Fri, 10/23/2015 - 16:20 | 6703873 Hitlery_4_Dictator
Hitlery_4_Dictator's picture

dupe

Fri, 10/23/2015 - 16:12 | 6703879 Seal
Seal's picture

Deep State has to finance itself somehow

Fri, 10/23/2015 - 16:13 | 6703882 VWAndy
VWAndy's picture

This is the bankers winning button. Every time they push it WE lose.

Fri, 10/23/2015 - 16:13 | 6703884 RawPawg
RawPawg's picture

ok,October...you got a week to do sumptin "strange"..i don't care. i got prepper stuff riding on this

Nov 1...all bets are off,and i'm back to life before ZH(if we go normal for Oct)

I hate Saturday College Football.

Fri, 10/23/2015 - 19:00 | 6704554 Linoleum Blownapart
Linoleum Blownapart's picture

Idk man, I'd wait till Turkey day. That's when oil dumped last year.

Fri, 10/23/2015 - 16:26 | 6703888 Kaiser Sousa
Kaiser Sousa's picture

so let me get this shit straight…
more terrible REAL macro-economic data throughout the week….. - Stawks rally!!!
fake as earnings reports from bubble tech companies using non-GAAP accounting, and don’t produce shit of REAL economic value….-Stawks rally!!!
Draghi does his “step and fetch it” routine threatening to further destroy the Euro’s purchasing power, and to prop up the bankrupt European Union…..Stawks rally!!!
China devaluing the Yuan and lowering rates….Stawks rally!!!

and finally thru it all, THE PHONY PAPER PRICES OF THE ONLY 2 FORMS OF REAL MONEY THAT CANT BE DEBASED TO WORTHLESSNESS AND R IN LIMITED SUPPLY r attacked all week long when THEY SHOULD BE RISING….

FUCK OFF.

Fri, 10/23/2015 - 16:44 | 6703987 Bernoulli
Bernoulli's picture

Nailed it. It's fucking crazy. But hey, no reason to get all angry and worked up about it. Time to buy more of the real stuff, no? Everybody will look back on these years 2014 and 2015 as THE BEST and most OBVIOUS WINDOW OF OPPORTUNITY to buy gold and silver EVER! I mean all data is screaming "MANIPULATION" and all central bank actions are SUPER DESPERATE and are all pointing down the road of HYPERINFLATION. OR HYPERSTAGFLATION. OR HYPERDEFLATION then EXTREME INFLATION. Whatever. You know what I mean: major currencies meltdown.

However, I have more trouble imagining how I will deal with the situation which we all know will come "in the aftermath"... if gold and silver will be currency again, then oh my god, the world economy and the worldwide financial system and the political "order" will look very very nasty... Gold and silver will buy a lot of shit, yes, but in a setting very different from now. I am pretty sure you wouldn't want anybody to know that you own anything for some time. For sure not that you own physical gold or silver. So it's like the guy who robbed a bank but is not allowed to spend more money than he did when he worked at Mc Donalds, sorry, I meant Shake Shak.

Fri, 10/23/2015 - 17:31 | 6704185 Kaiser Sousa
Kaiser Sousa's picture

we r on the same page buddy...

just pisses me of the blatant nature of it all...

but never think its stops my stack from growing...

gettin' while the gettin' is good...

under $16...yeah - ok.....

Fri, 10/23/2015 - 16:17 | 6703897 RopeADope
RopeADope's picture

VIX slam around 12:15 followed by the usual ladder pattern on low volume.

Move along, nothing to see here.

Fri, 10/23/2015 - 16:24 | 6703920 polo007
polo007's picture

http://realmoney.thestreet.com/articles/10/22/2015/more-qe-would-be-reward-banks

More QE Would Be a Reward to Banks

By Roger Arnold
 
Oct 22, 2015 | 4:00 PM EDT
 
In the past few months, I've written several columns concerning the recessionary trajectory the U.S. is on and how the Fed would respond if that continues.

Although a recession is not yet inevitable, the preparation for how the Fed will respond, if required, has begun.
 
On the recession issue, the Chicago Fed National Activity Index (CFNAI) released this morning validates the recessionary trajectory with the opening remarks of:

"The Chicago Fed National Activity Index ticked down to -0.37 in September from -0.39 in August. Two of the four broad categories of indicators that make up the index decreased from August, and all four categories made nonpositive contributions to the index in September" (emphasis is mine).
 
On the monetary response issue, as I discussed earlier this week in the column, "When Bad News Is Exactly That -- Bad," the San Francisco Federal Reserve Bank has already indicated that a probable response by the FOMC will be negative short-end rates coupled with another round of quantitative easing (QE).

As I discussed in 2011, monetary and fiscal policy come in two basic forms, pull through and push through, which may also be considered reward and punishment.
 
In that context, the implementation of another round of QE may be considered the pull through; a reward provided to the banks for agreeing to accept the push-through punishment of negative short-end rates.
 
The first issue to deal with is the potential structure of what another round of QE would involve and when it would be supplied.
 
The last round of QE involved the purchase of agency mortgage-backed securities. The idea was to allow the Fed to purchase what had become illiquid mortgage securities from the banks in order to provide the banks the capital necessary to make new mortgage loans and in the process drive the mortgage rates down to stimulate consumer demand for home purchases.
 
As I've noted previously, that structure required approval by the U.S. Treasury, and the next round of QE will, too, because the Fed's mandate has not been expanded by Congress to allow it the opportunity to purchase other than Treasury securities without first getting approval from the Treasury secretary.

 
The next round of QE will likely require the Fed to go beyond mortgage securities and into purchasing other kinds of bank loans that will likely become illiquid as a result of the economic deterioration.
 
Those loans will likely be concentrated in autos, commercial real estate mortgages and commercial and industrial.
 
This, too, will require Treasury secretary approval.
 
However, it is also likely the Fed will use the potential for it to expand into those areas by requesting that the executive and legislative branches coordinate and supply a fiscal response this time that is complementary to the goals of the monetary efforts.
 
In addition to requiring the fiscal support, the Fed will require the banks to agree to accept negative short-end rates in order for a round of QE targeted at these other kinds of loans.
 
The next issue concerns the timing of the Fed moving forward with a round of QE structured this way.
 
Until the bankers agree to accept the negative short-end rates and the government agrees to provide a complementary fiscal response, the Fed will wait to implement the next round of QE, even if the Treasury secretary approves.
 
The executive and legislative branches won't have the political support necessary to coordinate and respond with a complementary fiscal stimulus package, however, until there's been enough of a deterioration in economic activity and capital markets to afford for such.
 

That's a normal part of the political process, though, as there is too much risk to the continued viability for re-election faced by individual legislators to warrant even attempting a pre-emptive fiscal stimulus measure.
 
A fiscal package is only politically viable as a reaction to economic and market events that have already caused the electorate to not only acquiesce to the necessity of it, but request it.
 

The most important part of this process for investors, as I wrote about earlier this week, is that the current expectation of a pre-emptive monetary response to market instability or weak economic reports indicating an imminent contraction in private-sector activity is imprudent.
 
The Fed is telegraphing its willingness to supply a monetary response as the legislative mandate requires, but the experience of the past seven years has also proved that a monetary response provided in the absence of complementary fiscal measures is not just inviable but actually counterproductive.
 
At this stage, the most likely catalyst for encouraging the required response by bankers and fiscal authorities will be a decline in oil prices, but it may instead first be evidenced by continuing deterioration in the biotechnology and technology sectors.

Fri, 10/23/2015 - 17:21 | 6704128 JRobby
JRobby's picture

OR, put briefly: QE, when there is nothing else left in the "tool box". Of course QE IV starts NOW.

 

PS, discussing the "inevitability of a recession" when the depression that started in 2007 never ended is sort of, well, uninformed?

It certainly seems to indicate that the author believed and was in agreement with all of the phony economic statistics that have been published since 2008.

Sad

Fri, 10/23/2015 - 16:26 | 6703924 christiangustafson
christiangustafson's picture

"Star Wars"?

No, thank you.

Fri, 10/23/2015 - 16:29 | 6703940 dot.dot
dot.dot's picture

Why must they inject a black super-hero into Star Wars?  I thought they all played wise doctors in drug commercials....

Fri, 10/23/2015 - 16:33 | 6703959 stant
stant's picture

This script has morphed from the book of revelations to a version of it written by hunter s Thompson on acid

Fri, 10/23/2015 - 17:08 | 6704061 SheepDog-One
SheepDog-One's picture

Thats 'revelation'....also the guy who wrote that whackery was definitely eating some funny mushrooms or something....I mean 7 headed dragons and whatnot? Come on.

Fri, 10/23/2015 - 17:10 | 6704091 Kagemusho
Kagemusho's picture

John of Patmos was probably tripping on magic mushrooms courtesy of the Eleusinian Mystery schools back then.  The last book in the Bible might well be someone's very bad shroom trip...that modern-day crazies have used as a blueprint for US politicians to bring about Armageddon.

Fri, 10/23/2015 - 16:40 | 6703962 wizteknet
wizteknet's picture

so funny 17,679.37

Fri, 10/23/2015 - 16:36 | 6703966 Peter Pan
Peter Pan's picture

I'm long shit and long fans.

Fri, 10/23/2015 - 16:55 | 6704037 Implied Violins
Implied Violins's picture

I'm long TP. Let it fly.

Fri, 10/23/2015 - 17:08 | 6704080 booboo
booboo's picture

shit goggles and rain suits

Fri, 10/23/2015 - 16:56 | 6704042 RopeADope
RopeADope's picture

One wonders if this bizarre equity activity is related to repo agreements that provide cash to a broke Treasury.

Fri, 10/23/2015 - 17:01 | 6704051 Tinky
Tinky's picture

As regular readers know, I tend not to be hyperbolic when it comes to gold. But I must say that given recent events, I wouldn't sell any right now if I were offered $1500/oz. 

In other words, it is palpably feeling like an increasingly valuable form of insurance, irrespective of its paper price.

Fri, 10/23/2015 - 17:52 | 6704289 Stormtrooper
Stormtrooper's picture

Agreed with the valuable form of insurance (and future form of money) but disappointed that all of the Zerohedge promises of $700 gold haven't materialised.  I'm feeling greedy and want to receive as many shiny yellow coins as possible in exchange for my funny money.

Fri, 10/23/2015 - 17:01 | 6704055 Tim Knight from...
Tim Knight from Slope of Hope's picture

This was Crude's worst week in 3 months... (down 10% in the last 2 weeks)

Well, Gartman DID say that crude oil would be boring, so it's not like you weren't warned.

Fri, 10/23/2015 - 17:05 | 6704071 SheepDog-One
SheepDog-One's picture

Everything is super awesome! So, raise rates, Fed! Oh, not till 2018? Yea right.

Fri, 10/23/2015 - 17:07 | 6704076 christiangustafson
christiangustafson's picture

George Lucas lifted the idea of light sabers directly from Fritz Leiber's novel "Gather Darkness".

Has he ever credited the great Leiber for this?

Fri, 10/23/2015 - 17:10 | 6704093 Bryan
Bryan's picture

There you go with those words Crash and Soar again.

Fri, 10/23/2015 - 17:19 | 6704123 llessur_one
llessur_one's picture

In other news, Lamar Odum was hired by Goldman Sachs because he has the hookers and blow part down he just needs to learn to tell clients to BTFD

Fri, 10/23/2015 - 17:53 | 6704299 Truth Eater
Truth Eater's picture

How many stocks can I buy with a spare 2.7 trillion dollars?  I need a new job.  Any openings for pump monkeys at the PPT?

Fri, 10/23/2015 - 23:53 | 6705464 hedgiex
hedgiex's picture

Beautiful charts that dance to the symphony of deformed markets, collapsed price discoveries and strained liquidities. Algos are strained to trigger the decibels. It all make sense if you have been weaned.

Sat, 10/24/2015 - 03:38 | 6705699 Aussie Battler
Aussie Battler's picture

This is so messed up

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