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Nasdaq 100 Highest Since Dot-Com, VIX 13 Handle, S&P Breaks 2,100

Tyler Durden's picture




 

As Nasdaq 100 surges above July 2015 cycle highs towards March 2000 record highs at 4816...

 

With the rally becoming increasingly concentrated in the biggest names...

 

with the breadth almost as bas the peak in 2012...

 

...and the S&P 500 breaks the key 2,100 level...

 

Erasing all the losses from August 11th's start of China's devaluation, global markets in turmoil collapse - on ever-decreasing volume...

 

With Vix smashed to a 13 handle...

 

...it appears the credit market 'changed its mind' after Europe closed.

 

What happens next?

 

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Mon, 11/02/2015 - 15:04 | 6740425 KnuckleDragger-X
KnuckleDragger-X's picture

Onward through the fog......

Mon, 11/02/2015 - 15:12 | 6740455 herkomilchen
herkomilchen's picture

More like the Twilight Zone

Mon, 11/02/2015 - 15:49 | 6740607 vq1
vq1's picture

YoY Q3

EPS -2%

Revenue -3%

deal with it meme

Mon, 11/02/2015 - 15:04 | 6740426 Agent P
Agent P's picture

He fixes the cable?

Mon, 11/02/2015 - 15:23 | 6740504 Undutchable73
Undutchable73's picture

they go bowling.

Mon, 11/02/2015 - 16:21 | 6740729 Newbie lurker
Newbie lurker's picture

Don't be fatuous, Jeffrey.

Mon, 11/02/2015 - 15:05 | 6740429 Bear
Bear's picture

I think this is Bear Crap

Mon, 11/02/2015 - 15:06 | 6740433 CHX
CHX's picture

Next? Contr+P ad infinitum, that's what. LOL.

Mon, 11/02/2015 - 15:08 | 6740441 xrxs
xrxs's picture

QE4?

Mon, 11/02/2015 - 15:09 | 6740442 Dr. Engali
Dr. Engali's picture

An article from Michael Snyder?

Mon, 11/02/2015 - 15:10 | 6740448 surf0766
surf0766's picture

The Fed will never raise rate and they will never let the ship go down with their Beloved Marxist Leader at the top.

 

Mon, 11/02/2015 - 15:47 | 6740596 Jethro
Jethro's picture

That mirrors my thoughts on this as well. Can't let the magic negro look bad.

Mon, 11/02/2015 - 15:11 | 6740451 MD
MD's picture

The crash isn't coming in the next 6 months.  All the risks being discussed on ZH are well known.  Give it up, the Nasdaq is going to roar to new highs over the next 6 months.

Mon, 11/02/2015 - 15:13 | 6740460 Philo Beddoe
Philo Beddoe's picture

6 months? So long? No sarc at all. 

Mon, 11/02/2015 - 15:13 | 6740463 Osmium
Osmium's picture

Prolly not just the NASDAQ. 

Mon, 11/02/2015 - 15:13 | 6740467 DetectiveStern
DetectiveStern's picture

Who the fuck even cares anymore. It crashes the banks make money. It rises the banks make money. Whatever happens there is one winner, the banks, and millions/billions of losers, everyone else.

Mon, 11/02/2015 - 15:18 | 6740482 FreeShitter
FreeShitter's picture

Go all in Now until may.....sell may and go away. Same as it ever was.

Mon, 11/02/2015 - 15:20 | 6740489 Yen Cross
Yen Cross's picture

  I know you're trolling for market info.

 Look at breadth, and volume. Doctors, if you are one, are known for leaning on the backs of others, when it comes to financial prowess.

 You can thank Zero Care for that one.

Mon, 11/02/2015 - 15:45 | 6740584 MD
MD's picture

I'm not trolling for market info, not even sure how that would work (someone would post heretofore undisclosed insider info on ZH in response to my comment?)

The endless stream of strangely superimposed charts on ZH isn't revealing anything we don't already know.  The global economy is slowing, everyone knows it.  Things seem somewhat expensive, everyone knows it.  The Nasdaq 100 is heavily driven by GOOG, AAPL, FB, AMZN, biotech - everyone knows it, and knows the risks to these companies if there's a more severe slowdown.

Moreover, everyone knows the Fed has the market's back if things get really bad.  There's still an air of extreme panic in the market, because 2008-09 is still a fresh memory.  There's a lot of cash waiting on the sidelines.  

Most importantly: the Fed is NOT going to raise rates in December, and the market will rally.

Crash isn't coming in the next 6 months.  Sorry.

Mon, 11/02/2015 - 17:44 | 6741124 Yen Cross
Yen Cross's picture

 Crash is coming in January. sorry/

Mon, 11/02/2015 - 15:11 | 6740453 Wave-Tech
Wave-Tech's picture

MOAR - same as it ever was...

Mon, 11/02/2015 - 15:12 | 6740456 Glass Seagull
Glass Seagull's picture

 

 

Credit traders [scoffs]...what do they know?

 

Mon, 11/02/2015 - 15:12 | 6740457 wmbz
wmbz's picture

What happens next?

The DOW continues it's climb to 18,000! The NASDAQ heads right on up to 5500 on it's way to 6000.

It's all going according to plan for the .01%.

 

X-Mas bonus time is just around the corner for Banksters Inc.!

Mon, 11/02/2015 - 15:15 | 6740459 FreeShitter
FreeShitter's picture

Down 20k is what happens next. meanwhile main street becomes poorer and poorer but the sheeple will continue to take it up the ass ingesting psych meds and watching their favorite tee vee shows and posting on fuckbook.

Mon, 11/02/2015 - 15:17 | 6740479 buzzsaw99
buzzsaw99's picture

is this a trick question?

Mon, 11/02/2015 - 15:20 | 6740493 Goldbugger
Goldbugger's picture

Nothing has changed in two months. Only more QE from central banks that propped this thing back up. That however, will soon run out.

Mon, 11/02/2015 - 15:25 | 6740512 FreeShitter
FreeShitter's picture

Soon? 

Mon, 11/02/2015 - 15:35 | 6740555 MadVladtheconquerer
MadVladtheconquerer's picture

How many years in a "soon"?

Mon, 11/02/2015 - 15:27 | 6740514 Yen Cross
Yen Cross's picture

 The Fed is going to lift rates in December if holiday sales figures are decent. Based on the PMI numbers, the kitchen sink is being thrown at the fan.

 There's already a ton of inventory sitting on shelves. I went into the largest Sports Authority store south of San Francisco over the W/E and it was a ghost town.

 The cycle highs in the equity markets might get taken out, but it's going to be a false breakout without more funny money infusions.

Mon, 11/02/2015 - 15:33 | 6740546 MadVladtheconquerer
MadVladtheconquerer's picture

What happens next?  A new record high in SPX is just away.  NAZ is approx 110 points from its all-time

close.  In short, whatever is posted at this website as bound to happen, eg, market collapse, slide, tank,

crash, etc (does that about cover all the terms used here?), is invariably going to give way to the opposite

because the mechanism of the market is to humiliate as many participants as possible.  Of course, when we do get the

inevitable major bear market decline, the "I-told-ya-so's" will be flying even though the calls for bear market will have been

forcthcoming on a daily basis for many yrs.  Our motto:  Calling 800 of the last 2 bear markets since 2000!

"What kind of idiots do you have working here?"

"The finest in New York!" (Catherine O'Hara and Dana Ivey; "Home Alone II")

Mon, 11/02/2015 - 15:43 | 6740587 aliki
aliki's picture

atlanta fed shit the bed. all but guarantees no increase in rates this year

The GDPNow model forecast for real GDP growth (seasonally adjusted annual rate) in the fourth quarter of 2015 is 1.9 percent on November 2, down from 2.5 percent on October 30
https://www.frbatlanta.org/cqer/research/gdpnow.aspx?panel=1

Mon, 11/02/2015 - 15:48 | 6740592 herkomilchen
herkomilchen's picture

...and the S&P 500 nears the key 2,100 level

Correction, passes the key 2,100 level.  That didn't take long.

Mon, 11/02/2015 - 15:53 | 6740621 Thisisbullishright
Thisisbullishright's picture

Record-er-er...

 

Mon, 11/02/2015 - 16:01 | 6740659 Thisisbullishright
Thisisbullishright's picture

When this breaks, and it WILL break, it breaks BADLY! Very badly!!

 

Mon, 11/02/2015 - 16:05 | 6740674 zhm
zhm's picture

iv said it before, stop reading this useless website. the more people think they're clever by writing "moar" and other weird shit, the more everyone will miss this rally. and what the hell is tyler durden anyway. some fake bullshitter whos probably long the markets. the point is if the markets go up you want to be long, not listening to this crap and losing money.

Mon, 11/02/2015 - 16:22 | 6740734 adr
adr's picture

There is more to life than the stock market and the quality of life for everyone would be greater if there was no stock market.

I guess you are in the camp, "I don't give a shit if it is moral, ethical, or legal as long as I make money."

You are not making or losing money. You are only playing with other people's wealth. Every point the stock market goes up comes out of the pockets of working people. As the Fed printed the market up, inflation has soared. Butter is over $5 a fucking pound.

So go ahead, love your gambling winnings. If I saw you on the street I'd take the $4 extra a package of butter costs me out of your ass.

 

Mon, 11/02/2015 - 16:24 | 6740740 scintillator9
scintillator9's picture

Yes, Yes, yes, market goes way up to all time highs, even adjusted for inflation may be breaking even, but still, all time highs, and the "You want to be long" brigade comes out.

So, why were there nothing but crickets and maybe a slightly boiled frog to be heard on a certain day in August?

Not many cheer leaders were saying now is a great time to go long then.

Then again, if one wants to offload one's long postion to short the ever living daylights out of it, yes, please get more marks to buy, buy, buy, and remember, buy on margin too!

It was said on here before that at some point in the near future, every single stock will be red, but the market will be green. I do believe that day is indeed coming, for there is absolutely nothing supporting this but air pockets.

Mon, 11/02/2015 - 16:25 | 6740745 wswarrior
wswarrior's picture

I've said this on numerous occasions - there is no rhyme or reason behind the S&Ps movement other than to go in whatever direction the deep pockets want.  It's amazing the total lack of downside volatility on up days like this.  I can guarantee you that the S&P will most like close right around 2105.  On days like this, the S&P is walked up and will at most pull back a point or two before resuming it's up trend.  This is totally unnatural and could never take place if the market traded freely.  Profit taking has disappeared as the only factor that drives markets down for any extended period is when there are significant macro concerns that are probably staged anyway.  On the flip side, the S&P will generally bounce hard off of its lows during down days as someone comes in to buy the dip.  They don't even bother staging this any better.  At least make it believable.  

Mon, 11/02/2015 - 16:33 | 6740782 Commodity_trader
Commodity_trader's picture

In my opinion Crude Oil WTI currently shows no clear trend, which allows for intra-day trading on the smaller interval charts. 

$43.30 - $49.80 are the trendless zones.

http://tripstrading.com/2015/11/02/oil-daily-neutral-area-between-43-30-...

Do NOT follow this link or you will be banned from the site!