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The Deer Is Back As Markets Go 'Reality-On'

Tyler Durden's picture




 

Today wasn't the worst plunge in the stock market so far this year... It was the second-worst by a whisper. And just like that we are one third of the way down to Goldman's target. But everything is priced in? It seems that between the realization that global growth may actually be slowing (between China PMI and this morning's Philly Fed) and the recognition that there is no-QE-without-a-crash, markets began to lose steam early on this morning (led by energy names crushed by the biggest two-day drop in oil in over 9 months). Then Goldman's timely note to short the market if you want Bernanke to act (and the rumors of pending global bank downgrades) sent us over the edge as the S&P lost its upchannel and plunged (down over 40pts from its highs of Tuesday). The Dow is following a very worrisome pattern (echoing last year far too well) as it lost the second most points in 8 months. Gold (and the rest of the commodity complex - led by WTI -7% this week) fell notably as the USD surged to up almost 1% on the week. Gold's and USD's moves suggested further pain for the S&P as Treasuries stabilized at notably better levels and did not plunge on the day (though much of this is equities playing catch up to a longer-term dislocation). VIX jumped over 3 vols back over 20% (as perhaps the jump in implied correlation we highlighted was on to something). AUD (as we suggested) was crushed as risk-on trades drive carry-off and the China trade dumped it by the most in a day since November (almost back to parity). Heavy volume and a big pick up in average trade size suggest this has more to run as broke back under the 50DMA and back inside the down-channel for the S&P.

To summarize all of the above, we go back to our favorite visual description:

Today wasn't the worst plunge in the stock market so far this year... It was the
second-worst by a whisper. And just like that we are one third of the way down
to Goldman's target.

and if you were wondering why Goldman thinks 1285 is the level...remember this chart from a day or two ago?

The Dow is following a very ominous pattern with its second largest drop in eight months...

and today's trainwreck hit all our levels on the way down...

and medium term we are back under the 50DMA, back inside the downtrend channel and saw volume (and average trade size - lower pane) pick up notably in the S&P 500 e-mini futures...

Oil's 2-day drop is the highest in 9 months...

The week so far in commodity-land...

and the last few days across asset classes...

Stocks priced in gold have gone largely sideways for the last few months but remain at an important level...

and on a longer-term basis, CONTEXT (a proxy for risk-assets in general) has had a very different tale to tell over the past few months (this is not the day-to-day model we use but a longer-term indication of what global risk markets is saying about relative ebullience or pessimism in stocks)...

 

Charts: Bloomberg and Capital Context

 

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Thu, 06/21/2012 - 16:02 | 2548522 CClarity
CClarity's picture

Equities and commodities finally paid attention to bonds today.  And fact that ZIRP is not growth inducing in the Real Economies of Developed World.  

Thu, 06/21/2012 - 16:03 | 2548531 SilverTree
SilverTree's picture

~I see the Dow Jones and I want to paint it RED.

Thu, 06/21/2012 - 16:10 | 2548572 NewThor
NewThor's picture

If you invert the image in photoshop,

you can see Timmy and Bernank taking turns

butt fucking the DEER.

Thu, 06/21/2012 - 16:35 | 2548672 caimen garou
caimen garou's picture

deer turns his head back to tim and bernake and ask, is that what you call shorting the market?

Thu, 06/21/2012 - 17:27 | 2548839 vast-dom
vast-dom's picture

that deer's about to become venison. question is who's gonna get the primest cut?

Thu, 06/21/2012 - 19:39 | 2549186 Max Hunter
Max Hunter's picture

deer turns his head back to tim

Ohhh yeah.. the fish eye.. been there.. ;)

Thu, 06/21/2012 - 16:42 | 2548716 Liquid Courage
Liquid Courage's picture

And the deer's female, so ... draw your own conclusions.

Thu, 06/21/2012 - 17:05 | 2548785 HarryM
HarryM's picture

Does anyone still remember what followed the largest drop this year?

Why the largest gain , of course

 

Why didn't someone step up to the plate today for the save?

Thu, 06/21/2012 - 17:13 | 2548817 SemperFord
SemperFord's picture

They tried to rape the deer but it got away, for a second... http://www.youtube.com/watch?v=n8FBxS-00xU&feature=player_embedded

Thu, 06/21/2012 - 16:18 | 2548604 Dr. Richard Head
Dr. Richard Head's picture

Painting the DOW Jones red
We're painting the Dow Jones red
We dare not stop
We'll liquidate our drop
So let the Red be spread
We're painting DOW Jones red
We're painting DOW Jones red

Ohhhhhhhhhhhhhhhhhhh, painting the DOW Jones red.

From this day forward the DOW Jones will be known as the DOWN Jones until such time a black paint liquidity is injected by the bearded one.

Thu, 06/21/2012 - 17:09 | 2548806 I am more equal...
I am more equal than others's picture

Dick meet the Stones

 

 

Public education at its best.

Thu, 06/21/2012 - 16:40 | 2548702 Silver Bug
Silver Bug's picture

Unless they leave the QE tap on constantly, the market will continue to go down.

 

http://jimrickards.blogspot.ca/

Thu, 06/21/2012 - 17:06 | 2548798 I am more equal...
I am more equal than others's picture

You have too much sympathy for the devil. 

Thu, 06/21/2012 - 16:21 | 2548602 pkea
pkea's picture

come on, isn't the deer related to the whale....or just the other side of it...the real deers got killed off a long time ago,

and please don't tell me that you really think the drop was moody's downgrade related....

Thu, 06/21/2012 - 16:56 | 2548749 fockewulf190
fockewulf190's picture

I'm surprised there are any deer left to hit. Soon it's going to be Deathrace 2012 on the rest of the herd.

Thu, 06/21/2012 - 16:18 | 2548603 Lionhead
Lionhead's picture

Bernanke is now caught in the ZIRP liquidity trap. He clearly dodged the question brought by the Japanese reporter in yesterday's news conference. The only thing the FED will produce now is Stagflation. The 'master of the universe' will soon see what he's wrought - failure. Here's the logic:

Why? The reason you fund long-term is to reduce risk and volatility. If you have a 30 year fixed mortgage, someone else is assuming the risk short-term for a rise in interest rates. The Fed in shifting away from long-term into short-term is making it possible for government interest expenditures to rise like a rocket-ship when the debt crisis reaches here. This will create the meltdown for government will be just like the banks, lending long-term with demand deposits. The crisis hits, the depositors want their funds, but the bank lent them out for the long-term and cannot return cash now, that creates the run, and the bank fails. The Fed has just adopted the very same risk showing how desperate they are to help Obama win the election trying to stimulate the economy. Sorry – it will fail as usual. If you want to help the economy – regulate the profit market at the bank. They are NOT passing along interest savings to borrowers so the lowering of rates is just increasing profits at banks – not stimulating a damn thing!

The extension of Operation Twist will not provide ANY benefit whatsoever. Businesses and consumers who aren’t borrowing now aren’t that likely to change their minds just because rates dropped a little more. Banks will not pass on that savings anyway. So what are you really doing? The Fed can do NOTHING. But they cannot be scene to be doing nothing, so they do something even if it will accomplish nothing.

I have tried to explain that the theories everyone is using today regarding the economy are simply wrong assuming it is a fish bowl with no consideration as to external influences. The cost of producing oil has risen from $25 to nearly $75. The cost of government continues to rise. Local governments are raising taxes. This is producing NOT an economic recovery, but STAGFLATION, where there is inflation we see in prices, but the driving force is not DEMAND, but rising costs. Banks contribute to STAGFLATION refusing to pass on savings with lower cost of funds while refusing to now lend without full collateral. So they will lend only to those who do not need it and are not interested in borrowing for investment, and this keeps the deflationary trend in place. The banks then are more likely to trade with client funds so they do not have to lower their profit margin.

So welcome to the crazy world of STAGFLATION where you can’t keep down rising costs, but the rise is not fueled by private demand.

 He's trapped & we all are as we go down with them. Gold is the only solution to ease the transition until the sovereign & bank defaults have subsided.

Thu, 06/21/2012 - 16:25 | 2548630 pkea
pkea's picture

who turned the reality on on who...but a nice pic.

Thu, 06/21/2012 - 16:03 | 2548525 fuu
fuu's picture

Venison bItChEz!

Thu, 06/21/2012 - 16:05 | 2548546 carbonmutant
carbonmutant's picture

On the grill...

Thu, 06/21/2012 - 16:09 | 2548558 El Viejo
El Viejo's picture

"Chance favors a prepared mind."  I forget who.

Or in this case a prepared portfolio.

Thu, 06/21/2012 - 16:07 | 2548560 Xibalba
Xibalba's picture

Chinese Fanged Water Deer:

 

http://mlkshk.com/p/3PZ2

Thu, 06/21/2012 - 16:06 | 2548548 TruthInSunshine
TruthInSunshine's picture

The 401(k)/calPERS/pension/retirement-funds-in-equity-markets crowd that the TBTF will take hostage as they slam the "stock market" until they get cargo holds full of more free money (debt accretive) from The Bernank.

Same old song and dance as 2008-2009. Hank Paulson's 'Tanks in the streets and martial law" moments, verson 2.0.

 

http://farm1.staticflickr.com/27/100874288_a5ff91b322.jpg

Thu, 06/21/2012 - 17:05 | 2548795 lakecity55
lakecity55's picture

There are only 100 "senators."

There are a lot more of us muppets.

Thu, 06/21/2012 - 17:36 | 2548887 slewie the pi-rat
slewie the pi-rat's picture

nothing much funnier than someone who is a paid party operative on zH to pretend he is a muppet

thxz so much for this!

Thu, 06/21/2012 - 17:12 | 2548811 roadhazard
roadhazard's picture

 I really hate when a website will not let you return to where you were.

Thu, 06/21/2012 - 16:09 | 2548556 Dr. Engali
Dr. Engali's picture

I'm serving venison  for dinner tonight actually. Kind of ironic.

Thu, 06/21/2012 - 16:13 | 2548578 Seize Mars
Seize Mars's picture

Actually I'm not sure that's irony, I think it's just coincidence.

Thu, 06/21/2012 - 16:24 | 2548622 NotApplicable
NotApplicable's picture

Oh, so you're one of those people...

Thu, 06/21/2012 - 18:47 | 2549039 THX 1178
THX 1178's picture

Competent? Aware? Capable?

Fri, 06/22/2012 - 10:54 | 2551012 Seize Mars
Seize Mars's picture

Ha!

Thu, 06/21/2012 - 17:41 | 2548904 Wakanda
Wakanda's picture

It's synchronicity.

Thu, 06/21/2012 - 21:07 | 2549430 Hulk
Hulk's picture

How bad was the damage to the car ???

Thu, 06/21/2012 - 21:27 | 2549481 jerry_theking_lawler
jerry_theking_lawler's picture

yep. me too. ground deer steaks. fresh tomatoes, squash, cucumbers, potatoes....yep. all fresh.  since NOTHING on my plate was from a store, my message to TPTB...suck it.

Thu, 06/21/2012 - 16:09 | 2548564 Alpo for Granny
Alpo for Granny's picture

Muppet meat bitChez!

Thu, 06/21/2012 - 16:15 | 2548589 Offthebeach
Offthebeach's picture

Coming soon to an America near you, Muppetilism. Muppets eating Muppets. Yum!

Thu, 06/21/2012 - 16:48 | 2548724 tiwimon
tiwimon's picture

Soylent Green muppet style eh?

 

/Or is it only Soylent Green when its Kermit the frog? otherwise its just Soylent or what?

Thu, 06/21/2012 - 17:04 | 2548792 lakecity55
lakecity55's picture

"My God, Bernanke, these FRNs are.... Soylent Green!"

Ben: Evil Laugh.

Thu, 06/21/2012 - 17:13 | 2548813 Piranhanoia
Piranhanoia's picture

No, its cotton.  Milo Minderbinder bought a lot of cotton.  Got caught in a catch 22.

Thu, 06/21/2012 - 16:34 | 2548670 mayhem_korner
mayhem_korner's picture

 

 

+1 for Moniker, +1 for Avatar

Comment strikes a little close to home for me, tho...  ;)

Thu, 06/21/2012 - 16:18 | 2548607 janus
janus's picture

fuu,

janus was thinkin bout you the other day...actually, it's the other way around -- janus was thinkin about lancelot link, and the ole fuu ikon popped in the cabeza.

so, here ya go...this is from back in the day; back when nick at nite ruled the airwaves:

http://www.youtube.com/watch?v=9JMkKKX3IsY

monkey biz,

janus

Thu, 06/21/2012 - 20:07 | 2549263 fuu
fuu's picture

That is pure win!

Thu, 06/21/2012 - 16:02 | 2548528 the not so migh...
the not so mighty maximiza's picture

To get that QE they must distroy.

Thu, 06/21/2012 - 16:10 | 2548571 SilverTree
SilverTree's picture

My EBT, My EBT, My EBT, My EBT, I swipe my EBT.

Thu, 06/21/2012 - 16:03 | 2548529 Instant Wealth
Instant Wealth's picture

Waidmannsheil, fellow short companions!

Thu, 06/21/2012 - 16:03 | 2548530 RaymondKHessel
RaymondKHessel's picture

I <3 the Deer.

Thu, 06/21/2012 - 16:03 | 2548533 Dr. Engali
Dr. Engali's picture

Well at least we closed off the lows ;->

Thu, 06/21/2012 - 16:04 | 2548537 HD
HD's picture

If we only hit the Goldman 1285 I'll be pissed. Ramp the market 300 S&P points on a sugar high - give back 100 and scream for more sugar...

Thu, 06/21/2012 - 21:33 | 2549507 Alpha Monkey
Alpha Monkey's picture

You don't want the DTs to kick in... it's a sure bet though, it gets harder to get high with every use.

Thu, 06/21/2012 - 16:04 | 2548538 carbonmutant
carbonmutant's picture

QE dependent markets just threw a tantrum...

Thu, 06/21/2012 - 16:15 | 2548590 NewThor
NewThor's picture

"Don't rush to judgement until all the facts are in." - Dr. Strangelove

 

Thu, 06/21/2012 - 17:18 | 2548826 PRO.223
PRO.223's picture

Actually, if I remember correctly, that was said by General Buck Turgidson, played by George C Scott.

Thu, 06/21/2012 - 18:21 | 2548988 The Alarmist
The Alarmist's picture

"Gentlemen! You can't fight in here! This is the War Room!"

Thu, 06/21/2012 - 16:05 | 2548541 Bam_Man
Bam_Man's picture

Mr. Market, throwing a temper tantrum.

Are you watching, Bernanke?

Thu, 06/21/2012 - 16:05 | 2548545 lizzy36
lizzy36's picture

Second time this year the deer appears. Fingers crossed that this trend is my friend.

Thu, 06/21/2012 - 17:56 | 2548623 slewie the pi-rat
slewie the pi-rat's picture

L0L!!!

risk0ff at least as that on-again-off-again trend continues

this is a huge deflationary bite outa the mogamboTrinity 

but the FED is the chairsatan of the credit world and he has a little black hole to deal with b4 flooshing any more of our futures down it for the near future;  and, people need to get their checks too

the VIX is recovering nicely from the options expiry blues

glad you will let tyler swear;   say hi to the pony for us, eh?

Thu, 06/21/2012 - 16:26 | 2548632 Cursive
Cursive's picture

@lizzy36

We broke SPX 1327.  It's on.

Thu, 06/21/2012 - 16:06 | 2548552 Slipmeanother
Slipmeanother's picture

Gold got slammed what a crock

Thu, 06/21/2012 - 16:16 | 2548595 NewThor
NewThor's picture

Paper GLD is so easy to bend, fold and burn.

Real GOLD, not so much.

Thu, 06/21/2012 - 16:32 | 2548665 mayhem_korner
mayhem_korner's picture

 

 

Most sheeple still view gold as an investment/security, not a store of wealth.  So it will continue to behave like one.  The good news is that you can still get bullion at a small premium over the smacked-down paper price.

Thu, 06/21/2012 - 16:41 | 2548707 sessinpo
sessinpo's picture

Even PMs go down in a deflationary environment. It's something I've said repeatedly here but few seem to want to hear it. It is historical. Just look to gold after the 1929 crash. Everything goes down.

I've suggested relatively rising PMs based upon uncertainty in markets but not the huge bull market, at least not right away. The market will need to shake out the weak hands that are holding gold first and that is what downward pressure will do. As the debt implosion spreads to the US, people will even sell their gold to raise cash to cover US dollar based debts.

Extreme patience is the key here and not having debts in which you become one of the weak hands that has to sell your PMs.

Thu, 06/21/2012 - 18:04 | 2548951 HungrySeagull
HungrySeagull's picture

The Metals will drop a little.

How much is a little. Who cares, you own it right?

The debt is easily serviced and kept current each month. No worries.

Thu, 06/21/2012 - 18:50 | 2549043 NumNutt
NumNutt's picture

I actually see the rise and fall in the price of gold more of a measurement of the strength of the dollar. Example: in the 1800's a 1 oz gold coin would buy you a state of the art winchester repeater rifle with ammo, today that same 1 oz of gold will buy you a AR15 semi-automatic rifle and some ammo. Difference is the winchester rifle was probably around 100 dollars, today AR15 is around 1500 dollars. The value of the gold has not changed, just the inflationary value of our dollar. Todays PM fall was a result of the US dollar increasing in strength. Just my two cents.

Thu, 06/21/2012 - 18:27 | 2548998 The Alarmist
The Alarmist's picture

Yeah, well, gold is still some 40% above Dr. Doom's ceiling of $1100.

Thu, 06/21/2012 - 21:27 | 2549483 Alpha Monkey
Alpha Monkey's picture

Not as bad as silver.  Plus, gold is still sorta positive for the year.

Thu, 06/21/2012 - 16:07 | 2548555 Frank N. Beans
Frank N. Beans's picture

negative ramp-fest bitchez

Thu, 06/21/2012 - 16:08 | 2548557 bnbdnb
bnbdnb's picture

Someone laughed at me Monday when I said stocks will fall 3-5% in one week after the bernanke turns off the spigot. They laughed at me. FUCK EM.

Thu, 06/21/2012 - 16:43 | 2548721 css1971
css1971's picture

Don't worry about it. Just take their money.

Thu, 06/21/2012 - 16:09 | 2548562 Bay of Pigs
Bay of Pigs's picture

"let's wait and see what the job numbers are..."

LMAO

Thu, 06/21/2012 - 16:09 | 2548569 RmcAZ
RmcAZ's picture

Moody's stuck on the 18th hole?

Or will they decide not to downgrade so markets can rally?

Thu, 06/21/2012 - 16:10 | 2548570 dwdollar
dwdollar's picture

Don't worry, it'll be risk on, reality off, full retard by next Monday.

Thu, 06/21/2012 - 16:16 | 2548599 NewThor
NewThor's picture

How?

They're almost out of paper mache unicorns.

Thu, 06/21/2012 - 16:13 | 2548580 janus
janus's picture

Tyler,

sometimes janus neglects praise where you are concerned.  you are one bad-ass mutha fucker.  you are a personal hero of janus.  and i doubt if even 10% of the people who visit this site recognize its importance.

janus has no idea 'whom' tyler is...and likes not knowing.  i do, however, know this: tyler durden is no fuckin joke...the free analysis we get here is priceless.  and then the serious among us have to endure a bunch of snarky bull-shit by no talent pukes who, obviously, don't take the time to even read.

in any event, a long-overdue dedication to TD:

 

http://www.youtube.com/watch?v=Nv2Thlik6ck

out of the night that covers me/

black as the pit from pole to pole/

...i am unafraid,

janus

Thu, 06/21/2012 - 16:19 | 2548613 Village Smithy
Village Smithy's picture

Well said.

Thu, 06/21/2012 - 17:08 | 2548804 SovereignSilver
SovereignSilver's picture

Damn right. TD might not always get it right but he usually does...and does so more than the flapping mouthed, talking heads of the msm. Most of all the analysis is honest at the very least. If you aren't reading ZH, you f*cking well should be.

Thu, 06/21/2012 - 17:30 | 2548860 cougar_w
cougar_w's picture

Another kind of dedication:

http://madscienceunlimited.com/fiction/thisHeartOfGold.html

Three safes in the bedroom, and three more in the living room. One tiger to bring them all and in the darkness ... bind them.

Thu, 06/21/2012 - 19:12 | 2549105 NumNutt
NumNutt's picture

Well said Janus, good to here from you again. Question for you, why does you bio read like Alexander the great, but you are named after Janus the Roman two faced god? Not complaining, I appreciate a person that puts some thought behind their ZH ID. Just wonder if there is a message there....

Thu, 06/21/2012 - 23:01 | 2549744 janus
janus's picture

great to see you again, ole amigo.

oh yeah, lots and lots of BIG MESSAGE.  the name was most carefully selected.  i'll give a bit of a hint -- two faces: 1) here on ZH. 2) the 'real' janus who has a rare gift for public speaking.

janus, the other demi-god (my namesake) had an interesting story -- it may be worth investigating.

anyway, it's gonna be a hoot!

long live liberty!

a lil dedication to john locke:

http://www.youtube.com/watch?v=AqC_Gma221M&feature=related

&

http://www.youtube.com/watch?v=sNSy4DX60vk&feature=related

&

http://www.youtube.com/watch?v=aMfkVGCU_BA

 

boyz, we have a massive gangster/mafioso--syndicate to eviscerate...time to get raw.

 

when i get to the bottom/

i go back to the top,

janus

Thu, 06/21/2012 - 16:13 | 2548584 seek
seek's picture

I await the day we have deersign the likes of which even god has never seen.

Thu, 06/21/2012 - 16:45 | 2548729 saulysw
saulysw's picture

+1 for the dune reference

Thu, 06/21/2012 - 17:02 | 2548788 lakecity55
lakecity55's picture

Another +1.

The Spice Must Flow, House Bernanke.

Thu, 06/21/2012 - 17:34 | 2548875 cougar_w
cougar_w's picture

I must not fiat. Fiat is the mind-killer. Fiat is the little-death that brings total obliteration. I will face my fiat. I will permit it to pass over me and through me. And when my fiat is gone I will turn and face fiat's path, and only gold will remain.

Thu, 06/21/2012 - 17:42 | 2548906 Fremen Sharpshooter
Fremen Sharpshooter's picture

“The convoluted wording of legalisms grew up around the necessity to hide from ourselves the violence we intend toward each other. Between depriving a man of one hour from his life and depriving him of his life there exists only a difference of degree. You have done violence to him, consumed his energy.” 

Thu, 06/21/2012 - 16:15 | 2548585 Taint Boil
Taint Boil's picture

 

 

Sorry to keep posting this - just can't help it ......

 

Deer In The Headlights …..

 

Urban Dictionary:


A mental state of high arousal caused by anxiety, fear, panic, surprise and/or confusion, or substance abuse. A person experiencing the "deer in headlights" syndrome often shows behavioral signs reminding those of a deer subjected to a car's headlights, such as widely opened eyes and a transient lack of motor reactions.

Mike doesn't like cars; he's like a deer in headlights when he goes to his driving lessons

 

 

Wiki Answer

 

When deer are in the dark say by the side of the road and a car's headlights shine on them, they are blinded momentarily and are susceptible to being shot. That why this method of deer hunting is against the law.

 

It is an expression that means that you are too stunned to move. In other words you are terrified. It comes from when you catch a deer in your headlights and they just freeze.

 

The Word Detective

 

We do know that “to look like a deer in the headlights” leaped into the public vernacular in a big way with the 1988 Presidential campaign of George H.W. Bush.  Bush’s running mate, Senator James Danforth (“Dan”) Quayle, was widely (and arguably unfairly) regarded as unprepared for the job of Vice President.  During a debate with Senator Lloyd Bentsen, Quayle defensively compared his level of experience to that of John F. Kennedy when he became President, to which Bentsen famously replied “Senator, I served with Jack Kennedy.  I knew Jack Kennedy.  Jack Kennedy was a friend of mine.  Senator, you’re no Jack Kennedy.” 

 

Using English

 

When one is caught off guard and needs to make a decision, but can not react quickly enough.

 

 

Oxford

 

Used to refer to a state of fear, panic, or confusion so extreme that it is impossible to act or think normally: faced with too many choices and not enough real information, we are like deer caught in the headlights, his deer-in-the-headlights expression

 

Wiktionary 

 

Deer in the headlights (uncountable)

 

(idiomatic) A mental state of high arousal caused by anxiety fear, panic, surprise and/or confusion, or substance abuse. The behavioral signs are like a deer subjected to a car's headlights, such as widely opened eyes and a lack of motor reactions.

 

The deer is back.

 

 

 

Thu, 06/21/2012 - 16:37 | 2548685 Whoa Black Barry
Whoa Black Barry's picture

thanks for tediously explaining the fucking obvious you cretin

Thu, 06/21/2012 - 16:51 | 2548741 Tinky
Tinky's picture

Thank God Tyler didn't use a complicated metaphor.

Thu, 06/21/2012 - 17:14 | 2548818 snblitz
snblitz's picture

I have lots of deer on my property.  They freeze like that because all us predators are better at picking up motion then we are at picking a motionless object out of scene.  When the deer determines you have seen it regardless of its stillness it will run.

Thu, 06/21/2012 - 16:14 | 2548587 wolverhine
wolverhine's picture

Gosh, I love those Deer Days...

Thu, 06/21/2012 - 16:15 | 2548591 Peter Pan
Peter Pan's picture

We are paying for our hypocrisy. Our stocks fall by 3%, 4% or so and we panic even though we still have well over 90% left. Now can we all wake up and realise how someone who has lost 100% of hs job or 100% of his unemployment benefits feels?

If we fixated on the human misery and tried some trickle up econmics, i am quite sure the stock markets of the world would follow.

Thu, 06/21/2012 - 17:44 | 2548911 JR
JR's picture

I don’t know that people with jobs realize what it is to have family responsibilities and bills to pay and things you’ve planned and invested in for your life and your family and it has all come to a complete stop; you can’t get anything and you can’t do anything. And a day labor job is not going to fix your problems.

And it’s especially bad for those people who have one line of work; they’ve been trained for something and now…well…

I feel for these people.

Thu, 06/21/2012 - 20:12 | 2549276 shuckster
shuckster's picture

If you can't feed em, don't breed em

Thu, 06/21/2012 - 16:16 | 2548593 ebworthen
ebworthen's picture

Doe says "Is that a shotgun or are you just happy to see me?"

Thu, 06/21/2012 - 16:16 | 2548594 tocointhephrase
tocointhephrase's picture

<+====Got Some?====

Thu, 06/21/2012 - 16:17 | 2548598 surf0766
surf0766's picture

robo?

Thu, 06/21/2012 - 16:19 | 2548614 Conman
Conman's picture

He's too busy buyign up all the LULU stock

Thu, 06/21/2012 - 16:29 | 2548649 mayhem_korner
mayhem_korner's picture

 

 

It's really difficult to conduct trading activities when the screen is covered in bloody spitum and your hands are convulsing...

Thu, 06/21/2012 - 16:23 | 2548615 Ineverslice
Ineverslice's picture

Off topic:  G O A L  !

 

Thu, 06/21/2012 - 16:20 | 2548616 LawsofPhysics
LawsofPhysics's picture

I am partial to this deer, only replace the mountain lion with a bear.

 

http://verydemotivational.files.wordpress.com/2012/05/demotivational-pos...


Thu, 06/21/2012 - 17:47 | 2548916 cougar_w
cougar_w's picture

That's me in the background.

Just so you all know I didn't kill the guy but right after this was taken I shook him down for most of a fifth of Glenfiddich, and his hat.

He kept the deer. It was a good day all around.

Thu, 06/21/2012 - 19:53 | 2549224 Jena
Jena's picture

Benevolent cougar.

Thu, 06/21/2012 - 16:21 | 2548619 DavidJ
DavidJ's picture

Is this just another bear trap? 

 

Crazy market. 

 

I do think the market will fall dramatially this year 15- 30%.

 

 

Thu, 06/21/2012 - 20:18 | 2549292 shuckster
shuckster's picture

I've started to feel like every drop is - but notice the QE's keep getting smaller and smaller

 

QE1/TARP: $800 billion  - $1,600 billion

QE 2: $700 billion 

Twist 1/2 - $400 billion and $250 billion respectively

 

Stock market movement since QE 1: DOW + 150%. Total stock market valuation: $15 trillion. Total QE: $3 tillion. $3 trillion in QE adds $7 trillion in market value. The stock market is overvalued. Duh

Thu, 06/21/2012 - 16:24 | 2548624 Yen Cross
Yen Cross's picture

 here is a little tidbit for all the long dollar/yen traders. 2012/06/22 00:07 - Ozawa May Consider Creating New Party Unless Noda Drops Tax Hike Plan  

  I might fade that trade in Asia, if I see Exporter/real money buying yen in Asia.

Thu, 06/21/2012 - 16:26 | 2548626 DannyTX
DannyTX's picture

It doesn't look like we are too many days away from the Death Cross on SP.  Do many real traders use that anyway?

Thu, 06/21/2012 - 16:27 | 2548638 Arkadaba
Arkadaba's picture

Love the deer! It has been a while

Thu, 06/21/2012 - 16:28 | 2548639 mayhem_korner
mayhem_korner's picture

 

 

The deer intervals are getting close together.  Maybe we should head to the hospital before the water breaks.

Thu, 06/21/2012 - 16:27 | 2548640 Dapper Dan
Dapper Dan's picture

Hey Robotrader what does this mean?

tweeted:

ALERT: Abercrombie & Fitch says they have identified another 180 stores to close over the next few years.

Submitted -82996 secs agofrom twitter.com by editor

 

Thu, 06/21/2012 - 16:37 | 2548683 Global Hunter
Global Hunter's picture

on the bright side twitter is working again

Thu, 06/21/2012 - 16:59 | 2548779 lakecity55
lakecity55's picture

Didn't take long for NSA to suck that mother clean, did it?

Thu, 06/21/2012 - 17:12 | 2548814 Offthebeach
Offthebeach's picture

Jr's irrevocable trust payments are down.

Thu, 06/21/2012 - 16:29 | 2548643 100pcDredge
100pcDredge's picture

O No0O - not the deers again! Aiiiiiiiiiieeeeeeeeeee

 http://2.bp.blogspot.com/-7CHp7f2SlpY/TdcbJEs1Z3I/AAAAAAAADlo/kUde7SwL1C...

Thu, 06/21/2012 - 16:30 | 2548652 AmenRa
AmenRa's picture

Why is it that I get uncontrolable laughter everytime I see that pic of the deer?

Thu, 06/21/2012 - 16:37 | 2548684 mayhem_korner
mayhem_korner's picture

 

 

...is it because you typically light up a bone this time of day?

Thu, 06/21/2012 - 16:31 | 2548661 ATG
ATG's picture

Bulls, bears, pigs and deer Dept:

Sold QQQ puts and bought SPY calls before the close:

http://richcash8tradeblog.blogspot.com/ 

Thu, 06/21/2012 - 16:35 | 2548673 Timmay
Timmay's picture

"This bitch is going down."

 

Tyler, Please, Please make this a headline with the deer.

Thu, 06/21/2012 - 16:37 | 2548676 oncebitten
oncebitten's picture

Forward into the glorious future.  Our banners streaming, our EBT cards fully charged, the sun glinting off the burnished brass of our breasplates (well actually pot-metal), we strode boldly forth....what was I saying?

Thu, 06/21/2012 - 16:36 | 2548677 km4
km4's picture

Matt Taibbi ‏@mtaibbi 

The scam Wall Street learned from the mafia

http://t.co/WDsbOYi6

Thu, 06/21/2012 - 16:38 | 2548691 ootofthehoos
ootofthehoos's picture

Is a whisper thinner than a whisker?

Thu, 06/21/2012 - 16:40 | 2548703 deerhunter
deerhunter's picture

venison tenderloin with onion and shitake mushrooms in red wine tonight for dinner,  time to tune up the crossbow,  Oct 1 only 100 days away, got to restock the freezer, no more deer pics please,,,,,

Thu, 06/21/2012 - 16:43 | 2548723 RationalPrepper
RationalPrepper's picture

that deer just shiton mushrooms...

Thu, 06/21/2012 - 16:58 | 2548773 lakecity55
lakecity55's picture

Picked up 2 doe tags yesterday.

Good Hunting to ya.

Here, it's around 15 September for rifle/shotgun.

The dogs are getting antsy.

Thu, 06/21/2012 - 16:42 | 2548714 Bear
Bear's picture

Disclosure: I am a (the) Bear, I am currently short, and I am no Robo.

This said, Beware the next seven days ... should the Supreme Court declare Obamacare unconstitutional there will be a magnificent rally. One that we haven't seen since the heady days of 2000. If it goes the other way the fall accelerates. Further, will Israel use the announcement as cover for an Iranian invasion? The Egyptian elections are essentially over and I believe Israel will watch for a covering event to launch.

If so, immerse yourself with oil ... soon.

Thu, 06/21/2012 - 16:43 | 2548726 ParkAveFlasher
ParkAveFlasher's picture

If this dollar keeps getting stronger, I'll never spend it!  Right, Ben?  wink wink nudge nudge

Thu, 06/21/2012 - 16:44 | 2548727 SmoothCoolSmoke
SmoothCoolSmoke's picture

SCOTUS will save the deer here soon....but only for a few days.  Then it's down to 1270 at least.

Thu, 06/21/2012 - 16:46 | 2548733 davinci7_gis
davinci7_gis's picture

I looked out my highrise window and saw what looks to be Bill Gross dancing out in the streets...kinda like that Ferris Bueller guy!

Thu, 06/21/2012 - 16:51 | 2548746 janus
janus's picture

dedication to the market:

http://www.youtube.com/watch?v=1WI0GxwyD0I

we don't need no water/

let the mutha fucker burn,

janus

Thu, 06/21/2012 - 16:56 | 2548764 blabam
blabam's picture

On a long enough timeline the survival rate for every deer drops to zero?

Thu, 06/21/2012 - 16:58 | 2548768 midgetrannyporn
midgetrannyporn's picture

A deer with head lice.

Thu, 06/21/2012 - 17:01 | 2548786 which way weste...
which way western man's picture

Not to worry.  saul steinberg's barren, speech impedimented, philo semite fag hag guineau daughter in law who sucks dicks for rides in private planes, mawia boddiwomo sees value in "duh banx".

God, they can't even get bove or any of the other parade of criminals to even show their faces anymore and say they are "dipping their toes in the water".  You know its's bad.

Thu, 06/21/2012 - 17:13 | 2548816 SovereignSilver
SovereignSilver's picture

I'm getting me a 12 pack and some bath salts. Gonna be a face ripper folks!

Thu, 06/21/2012 - 17:16 | 2548821 stant
stant's picture

gravity sucks, but its the law

Thu, 06/21/2012 - 17:18 | 2548824 jomama
jomama's picture

but FB is still holding its own.  LOL

Thu, 06/21/2012 - 17:21 | 2548831 gitta4437
gitta4437's picture

Hey Tyler:  The site, which is the the best financial site out there, loses credibility when you let gross, sexist posts like the one "which way western"  just wrote, go up.......no one, not even mb deserves to be talked about like that.

Thu, 06/21/2012 - 17:27 | 2548833 which way weste...
which way western man's picture

Everything written is true.

 

What's gross is that fat, sloppy, retarded, 0 jeopardy-scoring, tony danza in drag slut is on television pretending to be a "journalist" and an "expert" when all she is, is an obese, childless fraud, fooling no one.

Fri, 06/22/2012 - 00:48 | 2548832 Bastiat009
Bastiat009's picture

It looks like Ben Bernanke is in complete control of the price of gold and since gold is "real money" then Bernanke is in complete control of real money. The US$ is not backed by gold, gold is backed by the US$. That's the real operation twist.

Thu, 06/21/2012 - 18:15 | 2548970 slackrabbit
slackrabbit's picture

Ladies and gentlemen we will arriving at earth core shortly. Please put your tray tables up and pass your headsets to the deer...

Thu, 06/21/2012 - 18:30 | 2549004 The Alarmist
The Alarmist's picture

Given that the deer is standing next to a big tree, the analogy of "deer in headlights" is kind of pointless if the deer continues to stand next to the tree. What we really need here is Bambi vs. Godzilla.

Thu, 06/21/2012 - 19:03 | 2549055 squexx
Thu, 06/21/2012 - 18:49 | 2549042 EclecticParrot
EclecticParrot's picture

No wildlife necessary - this was the Bearded One's doing, his way of partially smothering the fire to prepare for the "coordinated" statement of global finance minister manipulation surely to come within 2 months.  He wouldn't want the S&P at 1475 beforehand, but perhaps 3 months afterward. 

Unlike Greenspan, Bernanke hates to pop bubbles, so instead he lets a bit of air rudely leave the balloon, whoopee cushion style, attracting attention with a loud, ripe raspberry, then he rubs it on his underdeveloped, academic chest so it'll stick high on his office wall, where he can watch it closely, safely out of the reach of his children (aka us). 

Look closely, that's not a 'deer in headlights', but a deer with, literally, "head lights", and rather blinding ones, preparing to creep into your gardens at 2 a.m., freak out your Rottweilers and munch off the tops of your tomato plants.

Thu, 06/21/2012 - 19:08 | 2549095 chump666
chump666's picture

Again, it's all Asia.  They sell first, especially commodities getting dumped, it will 100% spill over to our markets.  This American/Euro-centric trade mentally (they are nuts anyway) will have you done in dusted.

The funniest thing is when the ECB came in and did their thing again with the Spanish auction.  Europe/Spain rallied (then sold off) in it's crazed manner.  Totally 100% oblivious that the world bailout engine (China/Asia) is crashing in realtime.  No more EUR buyups and Italian and Spanish debt sell-to-the-Asians hustles.

Also indicates that the ECB is becoming irrelevant re: market movements.  That would leave the last great print engine: The Fed.  Bernanke must be sweating that bald head. 

Thu, 06/21/2012 - 19:15 | 2549111 q99x2
q99x2's picture

I shouldn't say anything about buying UVXY yesterday but I can't help myself. +21.54% today. But I got lucky and I must get rid of it or I may be just as unlucky tomorrow. Nonetheless a good single day. If you gamble away enough money you get lucky once and a while before the money is gone. But that is why I use a modified Martingale system over time as well. I'm going to feel guilty going into 711 to get my chew tonight.

Thu, 06/21/2012 - 19:21 | 2549131 resurger
resurger's picture

lol

Thu, 06/21/2012 - 20:35 | 2549336 chump666
chump666's picture

Brazil and China now connected at the hip via the inflation/stagflation takedown. 

--Brazil, China to use central banks to maintain trade flows amid ongoing crisis
--Currency swap deal first step in financial cooperation between BRIC countries
--Bilateral deal could provide "infinite" boost to Brazil, China trade

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