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Collapse In US Manufacturing Sparks Buying Panic In Bonds... And Stocks
So to summarize the day, CEO's outlook for next year is the weakest in 3 years, US Manufacturing ISM is the weakest in 2009, bond yields are collapsing, and rate-hike odds are dropping... so stocks rallied (because auto sales in the past were soaring?)...
Before we start, the faith remains strong in stocks...
But not in bonds...
Since The FOMC meeting in October...S&P +1% post Oct FOMC, 30Y Futs Unch, EURUSD -4%, Gold -10%, Crude -11.5%
To sum up today's insane moves in equity markets... (via Nanex)
Chinese stocks did not love the weak data...
Today's rally was all about the European close once again...
A look at the futures markets shows just how crazy the last two days have been...
The S&P 500 is now at Goldman Sachs' new 2016 year-end target. And Trannies love low oil prices...
Some individual stocks that stood out...
Acorns can grow to the sky...
And Valeant is fixed...
VIX was crushed...
Shorts were squeezed after EU close...
Today's crazy price action had the stench of QE-trades once again...
Bonds were very aggressively bid...
As 2s30s collapsed further to 8 month lows...about to break below 200bps
Just remind us again why you are buying financials?
The US Dollar slipped lower amid some buying in EUR and aggressive buying in AUD...
Commodities drifted higher modestly with gold leading the week..
But crude dropped amid crazy volatility...
Charts: Bloomberg
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Let's see - We have war in the middle-east with multiple large armed forces all playing dodge-ball with bombs & missiles (and some of the soldiers holding the trigger are high on amphetamines!); we have horrible economic data from multiple sources, both domestic & international; extreme debt for individuals, corporations, & governments; and moar.
All this, and the major indexes are within spitting distance of an all-time new high. Judging by the VIX, which is near the low of its range, investors are not very worried about any of this.
This makes perfect sense to me.
Collapse is bullish.
Finally, a serious academic article discussing the detection of bullshit;
"On the reception and detection of pseudo-profound bullshit"
http://journal.sjdm.org/15/15923a/jdm15923a.pdf
Thanks to Nanex
Excellent. Thank you, and Nanex. :-)
xoxo
Ana
There are soooo many good quotes in that article. Here are a few
The startling possibility with respect to pseudo-profound bullshit is that people will first accept the bullshit as true (or meaningful) and, depending on downstream cognitive mechanisms such as conflict detection (discussed below), either retain a default sense of meaningfulness or invoke deliberative reasoning to assess the truth (or meaningfulness) of the proposition. In terms of individual differences, then, it is possible that some individuals approach pseudo-profound bullshit with a stronger initial expectation for meaningfulness. However, since this aspect of bullshit receptivity relates to one’s mindset when approaching (or being approached with) bullshit, it is therefore not specific to bullshit. Nonetheless, it may be an important component of bullshit receptivity. Put differently, some individuals may have an excessively “open” mind that biases them to make inflated judgments of profundity, regardless of the content.
Equally applicable to AGW, bitcoin and "markets", to name a few good examples...
Excellent, +1000
Bullshit as a Science
The second mechanism relates to a potential inability to detect bullshit, which may cause one to confuse vagueness for profundity. In the words of Sperber (2010): “All too often, what readers do is judge profound what they have failed to grasp” (p. 583). Here, the bullshittee is simply unaware that the relevant stimulus requires special consideration. This mechanism is linked to what has been labelled as “conflict monitoring” failures (e.g., De Neys, 2014; Pennycook, Fugelsang & Koehler, 2015). In the context of reasoning research, for example, conflict monitoring is necessary when two sources of information in a problem cue conflicting responses (e.g., logical validity and conclusion believability in a syllogism).
It's simple, globe accepts either world government or WW3.
stimulant psychosis is very very real. top of the world ma.
Frontrunning various QE's in the works. Stock valuations are purely a function of currency devaluation at this point. I don't think there's anything more to it.
Trying to make sense from all this noise is RETARDED.
How many times do I have to say it? Day trading on graphs like these is LITERALLY handing over money to HFTs, Icahn, Buffett, etc. You cant win a rigged game and you cant make sense from noise.
For all you know, Yellen sent out an email for a new round of QE, or Buffett, while snorting some crack, sneezed on his keyboard.
yay...the barfing clown is back!
a complete fucking farcical joke....
the sooner this shithole of a countryl collapses the better for everyone....
fucking bullshit....
You forgot the most important part!
DEATH TO THE MONEYCHANGERS.
Watch ISIS do a wildly successful IPO while eluding the SEC.
(didn't the moneychanders get kicked out of some sort of temple?)
Epic ISIS Fail
http://www.liveleak.com/view?i=878_1448970241
nice shootin! DOH!
Brought to you by none other than SITE
Boy did I get a big lol on this one, made my day! Good thing it wasn't a Tow missile launcher instead.
why botheri trying to elude them when the worst case is having to pay a $2m fine on your $3b profit?
as bart simpson said to principal skinner (while stuffing a $100 in his suit jacket): "{yawm!} you didn't see nothin' now beat it!"
OT ... maybe ... given your username ... and what is (usually) most important to men ...
My best friend recently had a tumor in his colon and couldn't shit (and had to have *very* emergency surgery).
I told someone and they knew of a quote,
"If you can't fuck, shit! If you can't shit, FUCK!!!"
Depending on thecircumstances, some things are more important than others ...
Santa rally engaged....
3 days away from the ''most important jobs number ever"
i just cant wait until december 16th i believe the day is when they do not raise rates and we here all the excuses from the msm as to why they couldnt and it will be explained as bullish for stawks even though a rate hike was also supposedly bullish for stawks
So when we hit 'Lord of the Flies' that's maximum bullish, right?
I cracked up when I read that! article was worth reading for that laugh - anything I actually learned is gravy...
war and low rates pumping up our centrally planned stock markets
The whole shebang, from government to the economy is comical. The moneymen are showing their power,,, or stupidity, depending on your point of view.
The QE stench you smell is that whore bastard Super Mario.
My Avatar constantly comes in handy!
Of course this is bullish(it).
Buying what? Bonds of Debt?
Cut and pasted from another thread, my own words about an hour ago.
Stocks will be least of any cunts problems, believe you me.
Hows about us Englishers have something now called a 'Black Friday'?? Anyhow, Friday just gone, high street sales were down a staggering 9.7% YoY, who the fuck could have known? Gets better mind, you know what made up the short fall according the utter cunts in not just the MSM, but the child molesting cunts that make up the parliament? 'Internet Sales'.
Hmm, a vast, considerable portion of these septic isles are scratching around ahind the couch looking for a bit change to fucking feed themselves, are partaking in food banks, and reporting nearly a four out of ten hit rate at doctors showing signs of serious malnutrition, all the while the daft cunts were spending money they didnt have, on shit they dont need, with plastic mother fucking cards inventing their own debt with a signature that they dont fucking own so the collapse of the British cuntish bollocks we call life is brushed under the fucking carpet?
And they wonder why the Anglo Saxons are losing their collective mother fucking tempers?
This will not end well, and it wont end like owt the cunts who tell you what to think either.
This must be, nearly the most important time in human history to be alive.
I cannot fucking wait.
;-)
plus 100 for the al swearengen version of a great rant.
Plus 100 for the Al Swearengen reference. Loved Deadwood.
and what used to be an actual free stock market for the purposes of legitimately raising capital and hedging risk has become a cesspool of corruption, controlled and manipulated by the central banks, where the powers that be (banks and exchanges) stifle any action by regulating bodies to do their jobs because doing so might damage their HFT cash cows. Then for the icing on this garbage pie, toss in the political payoffs in return for line item exemptions, tax benefits and preferential treament.
"I make nothing. I own everything."
- Gordorn Gekko Wall Street 1987.
At least something is still working in the US
Florida Uber driver arrested for exchanging a ride in his vehicle for oral sex: policehttp://www.nydailynews.com/news/national/uber-driver-arrested-exchanging...
The Barter Economy.
Most of the Uber drivers will go down on you for a fee, and you can place the fee on your credit card. Gotta love the true "free-market economy"
There is a space at the end of your link which results in 404.
This one should work.
http://www.nydailynews.com/news/national/uber-driver-arrested-exchanging...
I'm glad the cops are protecting us from scofflaw uber drivers while Jon Corzine continues to walk free.
Well that blows...
This morning, Bloomberg said stocks were up on stronger-than-expected manufacturing data.
This afternoon, they said stocks werre up on weaker-than-expected manufacturing data.
Subject meet predicate.
Their template is
"stocks are up on..."
And then somebody just randomly needs to fill in something.
What!!
No bonus chart?
Hey man, it's a recession.
MORE QE MORE QE MORE QE.
This is unsustainable >>>>>>
https://www.youtube.com/watch?v=EF_xdvn52As
I will apologize to anyone offended by the words I type here that take them to heart.
The soft cunts what they are, never mind, I, like many here are not bad folk, we have kids, we know, we can see for ourselves just what has been made of the world as we never thought it would become, has turned into. I have seen personally some very good friends reduced to nothing. I bet a good chunk of folk here know only too well. I have seen the coppers, the 'Law' proclaim innocence investigating trivialities, while ignoring the endemic child molesting cunts that pay not just the wage, but the pension. The fucking cunts couldnt lie straight in a drain pipe.
I have seen in my blink of an eye life right here on earth more than enough persecution and harassment against some of the best folk you would ever meet, just trying to get by getting by, harassed by the cunts we pay the bastard wages to.
I stand by anyone who only does what needs be done, just doing what we all call life with as little interference as can be, and doing what they can when they can, for those of their own and the folk around around them. And there are some damn fine folk who post here.
NSA, GCHQ, its enough, too much, you might want to reckon the damage. We will, do the lot of you cunts in.
Bank the fuck right owt of that.
;-)
To you lot, we are winning, you all know we are.
:-)
For our struggle is not against flesh and blood, but against the rulers, against the authorities, against the powers of this dark world and against the spiritual forces of evil in the heavenly realms. - GOD specifically speaking to His children; yet most everyone understands and agrees.
Your summary agrees with what GOD has said. The issue that needs to be addressed is are you reconciled to Him? If not, then this also applies according to GOD.
But fornication and all uncleanness or covetousness, let it not even be named among you, as is fitting for saints; neither filthiness, nor foolish talking, nor coarse jesting, which are not fitting, but rather giving of thanks. For this you know, that no fornicator, unclean person, nor covetous man, who is an idolater, has any inheritance in the kingdom of Christ and God. Let no one deceive you with empty words (human philosophy/wisdom), for because of these things (all of the above) the wrath of God comes upon the sons of disobedience.
Then the demonstration of the power of God to change a person from the inside out as many have experienced and continue to each day that the watching world does not understand nor believe to their own destruction.For you were once darkness, but now you are light in the Lord. (This is the radical experience of ALL true Christians, the few among those who call themselves Christians; it is why we are hated so deeply) Walk as children of light finding out what is acceptable to the Lord. And have no fellowship with the unfruitful works of darkness, but rather expose them. For it is shameful even to speak of those things which are done by them in secret. But all things that are exposed are made manifest by the light, for whatever makes manifest is light. Everything exposed by the light is made clear, for what makes everything clear is light. Therefore it is said: Get up, sleeper, and rise up from the dead, and the Messiah will shine on you. (Christ is willing to save anyone from the penalty of their bad and ugly thoughts, words and deeds)
https://www.youtube.com/watch?v=BnwWl_sMrwA
the "market" and bonds are meaningless; headed to the heap with everything else. get ready for the blood folks.
It's all about Draghi on Thursday.
i am Mario draghi. Hear me MOARRRRRRRRR!"
for some dumb reason I am thinking he will shock the world and not change any policy. After today's macro prints I think the only way for Wall Street to complete the fleecing and make more money is a massive crash, followed by another bailout that is a necessity to protect our citizens during the holidays.
A prudent person would be out of bonds. They are hitting critical mass.
Ooh, yeah, um... I'm going to have to sort of disagree with you there... [/Bill Lumbergh, Office Space]
I could say this anywhere but for your benefit, I will say this here.
When you're in your late forties like myself and you have a number of reasons to store wealth for a longer period than your own timeline, you just look at this bullshit and shrug. It's all bullshit and it won't last. I don't know how I know but I know that my kids will appreciate the stack they'll inherit one day and they can survive and carry the line.
We are living in very dangerous times. Worse times than anything I can remember and I grew up under the threat of imminent nuclear war. My parents didn't stack back then because they were sheep and obedient.
Not sure what else to say other than:
- don't be obedient
- don't be sheep
- stack, stack and stack
Paper wealth is an illusion. The real McCoy is the oldest currency in the world. It will only stop mattering when the world ends but then so will everything else.
Not just in China but in Europe the people are amassing physical gold and silver.
The next phase is just beginning now.
That poor clown in the header who's hugging the toilet... Poor old sod never gets a break, does he...?
That poor clown in the header who's hugging the toilet... Poor old sod never gets a break, does he...?
I love that dial above ...
Wake me up when we get to "Lord of the Flies" - that shit is legit.
(all hail kortan)