Just Two Charts

Tyler Durden's picture

Before the cash equity market opens, we thought these two charts may help...

FX carry is not helping...


And bonds ain't buying it...


Bonus Chart - the yield curve just hit a new cycle low...

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LawsofPhysics's picture

Here we go again, step right up, everyone is a winner!  Will the gree line meet the red line or will the red line rise up to meet the green?

Place your BETS.

IH8OBAMA's picture

But....but.. I see 3 charts.  I had better go see my eye doctor.


Seasmoke's picture

Red line goes up.. Green line can never down. Silly. Gravity doesn't work here. 

poland spring's picture

I have a CONFESSION to make on ZH.

1. I was wrong in 2013 that the market was overbought.

2. I was wrong in 2014 thinking that the market was going to crash.

3. I was really really wrong in 2015, it had to crash but it didn't.

4. I was wrong about the upcoming collapse in 2016. 

5. I was wrong about the impending apocolyptic crash black swan scenario in 2017.

6. I was wrong about buying gold/silver during the last 8 years. What a fool.

7. I was wrong not putting money into Bitcoin in 2015, stupid me!

8. I was wrong thinking things would go back to normal, with normal interest rates, normal volatility, just keep thinking that normality is just around the corner.

9. I was wrong thinking that rates had to go up.


Well, I feel a little freer but still pretty crappy for wasting all these years on something that hasn't come to fruition.

arkel's picture

Yep. You had to have been a non thinking BTFD mental midget to have made money in the last half decade or so.

IH8OBAMA's picture

It has been all about the FED and unprecidented free money.

Opposite world has made many non-thinkers rich.


Tolomeo's picture

You just described my pain perfectly!

quadraspleen's picture

At least you're honest about your incorrect assumptions.

Now, were you an economist with people hanging on your every word, not another doom-predicting ZH'er (like I still am) there's a great lamp post over there...

LawsofPhysics's picture

Yes, the central banking cartels (who can create all the money/currency they want with no real risk and no real work) can in fact remain irrational much longer than you can remain solvent.

hedge accordingly.

Friedrich not Salma's picture

When you were young, did you learn Aesop's fables:
Three Little Pigs
The Ant and the Grasshopper
The Boy Who Cried Wolf
The Tortoise and the Hare
The Wolf and the Lamb

You were conditioned to be cautious. I don't think such stories have been valued for 40 years and caution has been thrown to the wind. Hence, everyone except the ZH crowd parties like it's 1999 and the market goes up, up, up.

Sisyphus's picture

Chart or no chart, the madness will continue until it doesn't. Everything else is mindfuck. 

lester1's picture

Dip buyers going hard after ROKU

Philo Beddoe's picture

Silver is up 4 pennies now. No stopping this thing today. 

QE4MeASAP's picture

How advanced we are that the fate of the world depends on equity prices.

TradingTroll's picture

The equity markets virtue signal us that all is well with the human race. /sarc

Atomizer's picture

It's a result of FX carry. 

Truth Eater's picture

It amazes me that people still dance to digits on the computer.  The central banks still have people believing in those magic little "dollar" credits.  This is the age when people walk into the streets oblivious to traffic but noses in their texting.  Real reality will bite soon like a Mack truck sweeping the streets.

LawsofPhysics's picture

please summarize you thoughts on this.

Seasmoke's picture

Look at that. The USDJPY and 10Y charts. are basically identical. 

moneybots's picture

"Before the cash equity market opens, we thought these two charts may help..."


As can be seen on the green chart, it only goes up to higher highs.

zz2ipper's picture

That's THREE charts

flea's picture

Tyler always leaves one important thing out: context.

Can we see longer time scales please? Plus - how can there be two Nov. 17s? Ground hog day?

Don't MSM us.

Atomizer's picture

See above, Bank of International Settlements link. 

wonger's picture

Green coming down, red will really struggle to get above 112.60 area 

LawsofPhysics's picture

Okay, I'll bite, when is this happening?

order66's picture

Meanwhile in Europe....


BBB rated company borrows 500 million euro issues negative rate bonds (first time ever). 4x oversubscribed.

Fuggin' ell.

ECB desperate.

katagorikal's picture

Frontrunning ECB, with profits locked-in for the bankers and hedge funds,
and probably a share buyback to line the pockets of the Veolia execs.
The inexcusable illegal fascist cronyist corruption of printing money.

any_mouse's picture

Someone needs charts to tell them that these markets are disconnected from reality?