Sell In 1973, And Go Away

Tyler Durden's picture




 

Returns from being long the commodity super-cycle have evaporated in the last 18 months... to 42 year lows...

 

 

h/t Sean Corrigan (@TrueSinews)

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Wed, 01/06/2016 - 18:23 | 7007346 bnbdnb
bnbdnb's picture

Finally a freshly squeezed bottom.

Wed, 01/06/2016 - 18:25 | 7007350 Soul Glow
Soul Glow's picture

Just went to some MSM news sites.  They aren't concerned.  They told me Bear Sterns is fine.

Wed, 01/06/2016 - 18:30 | 7007369 KesselRunin12Parsecs
KesselRunin12Parsecs's picture

So does this means that DISCO is finally on the verge of coming back?

Wed, 01/06/2016 - 18:34 | 7007384 Winston Churchill
Winston Churchill's picture

Right after bell bottoms,again.

Wed, 01/06/2016 - 18:39 | 7007414 KesselRunin12Parsecs
KesselRunin12Parsecs's picture

can I put those on 'layaway'?

Wed, 01/06/2016 - 18:57 | 7007484 CClarity
CClarity's picture

OMG the flammable leisure suits!!  Save us!!

Wed, 01/06/2016 - 23:44 | 7008983 glenlloyd
glenlloyd's picture

yeah, leisure suits that don't breathe, now that was a great idea.

/sarc

Wed, 01/06/2016 - 19:04 | 7007515 Kprime
Kprime's picture

thank god, I can finally go to the attic and my wife can't laugh, although Grease is one of her favorite movies.

Wed, 01/06/2016 - 20:07 | 7007812 Bilderberg Member
Bilderberg Member's picture

I did sell...For a collection of Patridge Family albums, thanks

Wed, 01/06/2016 - 20:34 | 7007967 Miss Expectations
Miss Expectations's picture

Top 5 songs Billboard 1973

Tie a Yellow Ribbon Round the Ole Oak Tree

Bad, Bad Leroy Brown

Killing Me Softly with His Song

Let's Get it On

My Love

https://en.wikipedia.org/wiki/Billboard_Year-End_Hot_100_singles_of_1973

Wed, 01/06/2016 - 23:56 | 7009027 KesselRunin12Parsecs
KesselRunin12Parsecs's picture

"Spiders & Snakes" didn't make it? - lol

Wed, 01/06/2016 - 20:48 | 7008046 Ward cleaver
Ward cleaver's picture

Punk rock about to start up as a result of the over the top wealthy, lazy stadium rock groups. We need a social change same as punk tried to upset the status quo in music.

Wed, 01/06/2016 - 23:54 | 7009021 KesselRunin12Parsecs
KesselRunin12Parsecs's picture

"This ain't no mudd club, or CBGB, I aint got time for that now"

Life During Wartime (Talking Heads)

Wed, 01/06/2016 - 18:43 | 7007417 El Dorado
El Dorado's picture

I wonder if Richard Nixon had anything to do with that stagering inflation, I mean growth witnessed in this chart starting in about 71' thru 07'.  Either way the chickens are coming home to roost! 

Wed, 01/06/2016 - 23:35 | 7008953 ThirteenthFloor
ThirteenthFloor's picture

Yes. Nixon got off gold standard. Next climb was Carter - Reagan spending years.

Wed, 01/06/2016 - 18:26 | 7007347 troubledasset
troubledasset's picture

Look it's 1986 all over again.

Wed, 01/06/2016 - 19:14 | 7007551 hendrik1730
hendrik1730's picture

No. It's 1929. At the best.

Wed, 01/06/2016 - 18:24 | 7007349 nuubee
nuubee's picture

Finally! An index returns to a level not seen in my lifetime! Yaay!

Wed, 01/06/2016 - 19:54 | 7007751 FinalEvent
FinalEvent's picture

Soon you'll have index numbers going back to 1933

Wed, 01/06/2016 - 18:27 | 7007359 Spungo
Spungo's picture

Nice! Now to wait for the high yield credit cycle to reverse, and dump tons of money into companies dealing with commodities. Who knows how long that will take. Maybe June at the earliest? December? I'm thinking Teck Resources might be a good one at some point. 

Wed, 01/06/2016 - 18:29 | 7007367 Sanity Bear
Sanity Bear's picture

Hmmm what happened in 1973 that might be relevant to this phenomenon...

Wed, 01/06/2016 - 18:32 | 7007378 KesselRunin12Parsecs
KesselRunin12Parsecs's picture

The Saudi's got strongarmed into getting paper for their oil instead of gold.

Wed, 01/06/2016 - 19:02 | 7007506 Kprime
Kprime's picture

lol,

Wed, 01/06/2016 - 18:31 | 7007376 Peter Pan
Peter Pan's picture

Nothing like a cold shower to dampen the urges of a credit inspired boom.

Wed, 01/06/2016 - 18:33 | 7007381 stumbLebum
stumbLebum's picture

That prices can indeed correct proves - much to the consternation of Zeroes - that we have a market after all!

Wed, 01/06/2016 - 18:40 | 7007418 Peter Pan
Peter Pan's picture

We don't have a market until the reality is also reflected in the stock markets and until guilty bankers are jailed.

Wed, 01/06/2016 - 18:38 | 7007403 orangegeek
orangegeek's picture

No deflation here.

Wed, 01/06/2016 - 18:44 | 7007435 stant
stant's picture

Is it time to buy LEE MON

Wed, 01/06/2016 - 18:46 | 7007441 ArtOfLife
ArtOfLife's picture

Still outperformed fiat.

Wed, 01/06/2016 - 19:15 | 7007557 beaker
beaker's picture

Should have bought farmland.  The ride would have been a whole lot more pleasant.

Wed, 01/06/2016 - 19:38 | 7007666 SheepDog-One
SheepDog-One's picture

Sure, as long as the BLM didn't happen to focus on you.

Wed, 01/06/2016 - 19:30 | 7007630 wstrub
wstrub's picture

Houses should be moving back to 1974 prices as well!!!!!

Wed, 01/06/2016 - 19:42 | 7007687 Bunga Bunga
Bunga Bunga's picture

Soylent Green (1973).

Wed, 01/06/2016 - 21:38 | 7008344 atomp
atomp's picture

COMMODITIES IS PEOPLE!

Wed, 01/06/2016 - 22:17 | 7008599 Zero-Hegemon
Zero-Hegemon's picture

HEY THREAD, WE HAVE A WINNER HERE!

Wed, 01/06/2016 - 20:35 | 7007968 arbwhore
arbwhore's picture

Possible RSI non-confirmation on the CRB.

Wed, 01/06/2016 - 22:29 | 7008675 deerhunter
deerhunter's picture

1973 I was fresh out of high school. I saw a nice looking lady with a tennis racquet. That weekend she was at the complex pool and I asked her if she knew how to play tennis. She said , "a little." She was in college with a full ride tennis scholarship. She beat me like a red headed Vietnamese house boy. That was June. We played into September. By then I could hold my own.
I tell this story for two reasons. I remember her and most of 1973 fondly. More importantly, if you don't have competition that is better than you and this applies in business and in many areas of life, you become complacent and atrophy.
America has become so accustomed to its abundant prosperity it has neglected the foundational principles that built and up girded this country .
It will tumble . It will not be pretty nor painless. What we come out with on the other side will be a direct reflection of the culture we have allowed to permeate our country for the last 20 years.
That my friends could keep me up nights if I let it . Do something every day to make your future more secure. Small things are better than nothing.
Night all.

Wed, 01/06/2016 - 23:35 | 7008888 r3phl0x
r3phl0x's picture

IMO this is creating the buying opportunity of a lifetime. Convert QEnflated paper assets & coastal real estate into fiat cash and then convert the cash ASAP into real resources - productive land, oil deposits, PMs, etc. Buy the entire toilet paper section at costco and keep it dry because even if there's a global depression, there will never be a sustained global deflation in fiat currency terms. When times are good fiat loses value, and when times are bad it loses value even faster as the central banks try ever more desperately to create another "wealth effect" extend-and-pretend recovery. That only ends one way: a crack-up boom in nominal commodity prices.

Why anybody would put new cash into the 25x CAPE10 S&P500 now instead of $14/oz silver is just beyond me..

Thu, 01/07/2016 - 11:38 | 7011316 Grandad Grumps
Grandad Grumps's picture

Huh! Just like the US employment rate (not unemployment), go figure.

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