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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 | Link to Comment 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 | Link to Comment SilverTree
SilverTree's picture

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

Thu, 06/21/2012 - 16:10 | Link to Comment 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 | Link to Comment 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 | Link to Comment 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 | Link to Comment 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 | Link to Comment Liquid Courage
Liquid Courage's picture

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

Thu, 06/21/2012 - 17:05 | Link to Comment 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 | Link to Comment 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 | Link to Comment 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 | Link to Comment 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 | Link to Comment 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 | Link to Comment 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 | Link to Comment 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 | Link to Comment 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 | Link to Comment 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 | Link to Comment pkea
pkea's picture

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

Thu, 06/21/2012 - 16:03 | Link to Comment fuu
fuu's picture

Venison bItChEz!

Thu, 06/21/2012 - 16:05 | Link to Comment carbonmutant
carbonmutant's picture

On the grill...

Thu, 06/21/2012 - 16:09 | Link to Comment 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 | Link to Comment Xibalba
Xibalba's picture

Chinese Fanged Water Deer:

 

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

Thu, 06/21/2012 - 16:06 | Link to Comment 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 | Link to Comment lakecity55
lakecity55's picture

There are only 100 "senators."

There are a lot more of us muppets.

Thu, 06/21/2012 - 17:36 | Link to Comment 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 | Link to Comment 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 | Link to Comment Dr. Engali
Dr. Engali's picture

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

Thu, 06/21/2012 - 16:13 | Link to Comment 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 | Link to Comment NotApplicable
NotApplicable's picture

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

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

Competent? Aware? Capable?

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

Ha!

Thu, 06/21/2012 - 17:41 | Link to Comment Wakanda
Wakanda's picture

It's synchronicity.

Thu, 06/21/2012 - 21:07 | Link to Comment Hulk
Hulk's picture

How bad was the damage to the car ???

Thu, 06/21/2012 - 21:27 | Link to Comment 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 | Link to Comment Alpo for Granny
Alpo for Granny's picture

Muppet meat bitChez!

Thu, 06/21/2012 - 16:15 | Link to Comment Offthebeach
Offthebeach's picture

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

Thu, 06/21/2012 - 16:48 | Link to Comment 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 | Link to Comment lakecity55
lakecity55's picture

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

Ben: Evil Laugh.

Thu, 06/21/2012 - 17:13 | Link to Comment 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 | Link to Comment 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 | Link to Comment 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 | Link to Comment fuu
fuu's picture

That is pure win!

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

To get that QE they must distroy.

Thu, 06/21/2012 - 16:10 | Link to Comment SilverTree
SilverTree's picture

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

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

Waidmannsheil, fellow short companions!

Thu, 06/21/2012 - 16:03 | Link to Comment RaymondKHessel
RaymondKHessel's picture

I <3 the Deer.

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

Well at least we closed off the lows ;->

Thu, 06/21/2012 - 16:04 | Link to Comment 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 | Link to Comment 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 | Link to Comment carbonmutant
carbonmutant's picture

QE dependent markets just threw a tantrum...

Thu, 06/21/2012 - 16:15 | Link to Comment NewThor
NewThor's picture

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

 

Thu, 06/21/2012 - 17:18 | Link to Comment 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 | Link to Comment The Alarmist
The Alarmist's picture

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

Thu, 06/21/2012 - 16:05 | Link to Comment Bam_Man
Bam_Man's picture

Mr. Market, throwing a temper tantrum.

Are you watching, Bernanke?

Thu, 06/21/2012 - 16:05 | Link to Comment 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 | Link to Comment 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 | Link to Comment Cursive
Cursive's picture

@lizzy36

We broke SPX 1327.  It's on.

Thu, 06/21/2012 - 16:06 | Link to Comment Slipmeanother
Slipmeanother's picture

Gold got slammed what a crock

Thu, 06/21/2012 - 16:16 | Link to Comment 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 | Link to Comment 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 | Link to Comment 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 | Link to Comment 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 | Link to Comment 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 | Link to Comment 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 | Link to Comment 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 | Link to Comment Frank N. Beans
Frank N. Beans's picture

negative ramp-fest bitchez

Thu, 06/21/2012 - 16:08 | Link to Comment 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 | Link to Comment css1971
css1971's picture

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

Thu, 06/21/2012 - 16:09 | Link to Comment 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 | Link to Comment 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 | Link to Comment 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 | Link to Comment NewThor
NewThor's picture

How?

They're almost out of paper mache unicorns.

Thu, 06/21/2012 - 16:13 | Link to Comment 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 | Link to Comment Village Smithy
Village Smithy's picture

Well said.

Thu, 06/21/2012 - 17:08 | Link to Comment 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 | Link to Comment 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 | Link to Comment 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 | Link to Comment 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 | Link to Comment 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 | Link to Comment saulysw
saulysw's picture

+1 for the dune reference

Thu, 06/21/2012 - 17:02 | Link to Comment lakecity55
lakecity55's picture

Another +1.

The Spice Must Flow, House Bernanke.

Thu, 06/21/2012 - 17:34 | Link to Comment 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 | Link to Comment 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 | Link to Comment 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 | Link to Comment Whoa Black Barry
Whoa Black Barry's picture

thanks for tediously explaining the fucking obvious you cretin

Thu, 06/21/2012 - 16:51 | Link to Comment Tinky
Tinky's picture

Thank God Tyler didn't use a complicated metaphor.

Thu, 06/21/2012 - 17:14 | Link to Comment 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 | Link to Comment wolverhine
wolverhine's picture

Gosh, I love those Deer Days...

Thu, 06/21/2012 - 16:15 | Link to Comment 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 | Link to Comment 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 | Link to Comment shuckster
shuckster's picture

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

Thu, 06/21/2012 - 16:16 | Link to Comment ebworthen
ebworthen's picture

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

Thu, 06/21/2012 - 16:16 | Link to Comment tocointhephrase
tocointhephrase's picture

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

Thu, 06/21/2012 - 16:17 | Link to Comment surf0766
surf0766's picture

robo?

Thu, 06/21/2012 - 16:19 | Link to Comment Conman
Conman's picture

He's too busy buyign up all the LULU stock

Thu, 06/21/2012 - 16:29 | Link to Comment 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 | Link to Comment Ineverslice
Ineverslice's picture

Off topic:  G O A L  !

 

Thu, 06/21/2012 - 16:20 | Link to Comment 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 | Link to Comment 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 | Link to Comment Jena
Jena's picture

Benevolent cougar.

Thu, 06/21/2012 - 16:21 | Link to Comment 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 | Link to Comment 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 | Link to Comment 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 | Link to Comment 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 | Link to Comment Arkadaba
Arkadaba's picture

Love the deer! It has been a while

Thu, 06/21/2012 - 16:28 | Link to Comment 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 | Link to Comment 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 | Link to Comment Global Hunter
Global Hunter's picture

on the bright side twitter is working again

Thu, 06/21/2012 - 16:59 | Link to Comment lakecity55
lakecity55's picture

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

Thu, 06/21/2012 - 17:12 | Link to Comment Offthebeach
Offthebeach's picture

Jr's irrevocable trust payments are down.

Thu, 06/21/2012 - 16:29 | Link to Comment 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 | Link to Comment 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 | Link to Comment 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 | Link to Comment 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 | Link to Comment 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 | Link to Comment 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 | Link to Comment 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 | Link to Comment ootofthehoos
ootofthehoos's picture

Is a whisper thinner than a whisker?

Thu, 06/21/2012 - 16:40 | Link to Comment 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 | Link to Comment RationalPrepper
RationalPrepper's picture

that deer just shiton mushrooms...

Thu, 06/21/2012 - 16:58 | Link to Comment 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 | Link to Comment 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 | Link to Comment 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 | Link to Comment 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 | Link to Comment 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 | Link to Comment 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 | Link to Comment blabam
blabam's picture

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

Thu, 06/21/2012 - 16:58 | Link to Comment midgetrannyporn
midgetrannyporn's picture

A deer with head lice.

Thu, 06/21/2012 - 17:01 | Link to Comment 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 | Link to Comment 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 | Link to Comment stant
stant's picture

gravity sucks, but its the law

Thu, 06/21/2012 - 17:18 | Link to Comment jomama
jomama's picture

but FB is still holding its own.  LOL

Thu, 06/21/2012 - 17:21 | Link to Comment 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 | Link to Comment 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 | Link to Comment 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 | Link to Comment 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 | Link to Comment 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 | Link to Comment squexx
Thu, 06/21/2012 - 18:49 | Link to Comment 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 | Link to Comment 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 | Link to Comment 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 | Link to Comment resurger
resurger's picture

lol

Thu, 06/21/2012 - 20:35 | Link to Comment 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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