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Equities (blue) relative to Gold, Treasury yields (red), and USD (green)...
and in CONTEXT, things are just as 'interesting'...
Chart: Bloomberg and Capital Context
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FUCK YOU Bernanke !!!
Suck my cock with your Bernanke put.
u on viagra too?
Bernanke sex tools. ... uhhh... I mean Fed tools... he's a tool.
Nothing is, but what is not.
He's all form in zero substance.
Hot air will rise until it doesn't!
help me i've got a boner and it wwill not go down!
They have a career for you over at TSA.
Those TSA fuckers are coming to MY country!
Imagine if British coppers turned up in the good ole US of A and started throwing down. How'd y'all like them apples?
i'm sending janet napolitano right over!
Find that recording of Marissa Mayer laughing. Gauranteed!
VIX expiry today....wanna talk about manipulated markets like LIBOR....look no further.
Classic CEO laugh right? What?
Got to love the JCP boner moment today.
If I had a big enough dildo, and a place to kneel, I could fuck the world.
The market is very attentive to the words of Bernanke. Be seen whether shares have the same effect.
that looks about right. kool-aid for everyone, er, I mean money for everyone
and by 'everyone' you are only referring to banksters of course
only the people that matter...
peak earnings season bullshit......today is all IBM, CAT etc and large caps moving the dow and ES.....INTC announces crappy earnings and guidance and shazam! stock is euphoric!
Obviously on Viagra
at least we know where the algos have been told to put their free money from the Fed.
Can anyone else hear the 'click, click, click' of the roller coaster, or was that just me loading my guns?
That's just Ben playing Russian Roulette with the economy. No worries.
Anyone have an extra bullet to help even up the odds? Maybe Ben can play with an oozi.
just give him a stick of dynomite and a match.
I got an extra five he can borrow...
but I want the "winning" bullet back after they dig it out of his cold, dead skull.
Should go a bomb on eBay :O)
It's just them buying, so they'll let us know when they'll happily sell it back to us all on the back end. God's work, remember?
Hhhmmm. There is a trade in there somewhere. Implied value 1350?
Bizzarro market - it is all the techs that are driving the market, lead by INTC, which lowered guidance tomorrow, guidance which most think is still too optimistic. Go figure.
And AAPL down on the day as well with analysts thinking they may actually be soft on earnings and guidance. If that were to happen, then you'd see a market drop faster than you could imagine.
It would just trigger another melt up.
Having the 10y treasury yield on that top chart makes no sense. It should be inverse (assuming negative correlation as they both skyrocket) treasury prices and on a percentage chart. The scale is messed up using nominal S&P against bps on bond IRs.
edit: I compared SBF to the S&P it does look like equities started to outstrip the inverse bond fund late last week. The flight to bonds (as t-bonds have outperformed in july) may have been misinterpretted as a flight to safety instead of what it was, a flight from the euro. Now equities are playing catchup.
Stocks up, the recovery is finally here!!!! Time to load up my leased Escalade up with 65" plasmas.
Let's everyone go looting!!
That's how Compton, CA plans to repay its creditors.
YOU SHAVE YOUR ASS!
No one has seen the Caddy Shack pool scene?
"Time to load up my leased Escalade up with 65" plasmas."
I for one plan on buying the TV from Cowboy Stadium.
Might need 65 Escalades to load that plasma...
"A plasma in every pot Bitchez" Obama '12
Look at the S&P running...wow. I mean those suckers in bonds today are really feeling it. I mean look at the LQD....that is some....wait a minute....what?
It's quite obvious that the bernak has made every market worthless for a return BUT the stock market. They have set shit up so the best return is buying and selling stocks. Period. Therefore, unless the world is destroyed by a comet or earthquake, don't look for a market crash anytime soon. The masters have seen the that.
crack up boom.....
I don't think so jtmo. Credit is on fire. They are flipping bonds like miami condo's in 2004.
You're right. Bernanke thinks he has us all figured out. Half of us will take his free money and buy Treasuries, the risk averse half, that will keep debt servicing costs down. The other half, the risk takers, will take the free money and jack the shit out of equities. That helps his bankster buddies who all got in at the bottom when he phoned them and told them his big QE idea, and the sheeple see Dow +++ every night on TV and flip back to American Idol.
So, let me get this straight --the same genius Bernanke who didn't see the Great Recession coming, or subprime contagion, or the futility of his QEs, is now to be relied on to suspend this
market in mid air, with no net.....?
I'll take the other side of that bet. Thank you!
Seems even ZHs are signing on to the consensus view that you should never fade Maestro, Jr! I love the contrarian comfort of that.
So, let me get this straight...the same genius Bernanke who didn't see the recession coming, or subprime contagiion, and the futility of his QEs is now to be relied on to suspend this
I'll take the other side of that bet.... And, it's nice to be on the opposite side of that current consensus view (even here at ZH, it seems! -- which is a change).....
That gives me contrarian comfort, to boot.
this makes the fraud of the internet stock boom/bubble/bust look like preschool childs play. I hope Ben is happy chasing away every trader on the planet. Then you can have what you call a "market" and stick it. F#@k you ben.
Listen honey, are you going to believe those pictures of my banging your best friend, or are you going to believe me???!!!!
I believe you Bernanke.
Bernanke is speaking. The pupper masters have to make sure all looks appropriate during these times.
Hundreds of beaten down junker stocks on the move today: EMC, FFIV, JNPR, NTAP, NVDA, too many to list.
and btw.. anyone ever think "Gee if i were an Econ or Finance professor in a university"..what would i tell the kids that are paying so much to learn what? The profession is dead. Id have to resign. I couldnt live with myself knowing what im trying to teach is now complete fraud.
I think it has always been this way, we are just starting the exponential climb up the fraud slope of the Ponzi cycle.
This thing is gonna go down big!!!!!
This cocksucker's levitation has limits, gravity will reassert itself!!
he 's testifying his shit while his liutenants are busy levitating!!!
Agreed....but if you try to short they will scalp you bad....real bad.
I just did!!!!
If you are in a short position and still in the money after a couple of 5 minute candles, cover for a profit.
So, that means that gold falling again is not odd. It's what's supposed to happen. ok. It's new here. We'll see what comes next.
Anybody who even thinks about shorting this market is just retarded. Ben has a floor under this and a boot on gold. Something is going to have give soon.
Have I swayed you around Dr.? You sound like me now...
My stance has always been that shorting this market is a fools game and there are fewrer and fewer shorts that jump on every down tick. This will prevent a big squeeze. Everybody is on the long side begging for QE. Since everybody is long when this market does fall there won't be any shorts to speak of and it will catch everybody off guard. I have a standing bet with kito that QE3 will come before election day.
I think I agree with you. You guys have a great over/under date set. Thats gonna be close.
Kito is dead set QE won't come until after the elections. My point is that there are no shorts in this market to buy back at lower levels. When this thin rolls ove it will drop like a lead balloon and the Bernank will have to print a lot more than he needs to now to catch it. Waiting too long is not an option.
the only flaw in your premise is being dead set that the market will force ben's hand. who wants to get out knowing that qe is pretty much guaranteed?
Margin calls will get the ball rolling. All it takes is the right fund blowing up.My suspicion is late August early September will be interesting.
Mr. Bernanke is playing a very dangerous game of "shepparding' money only where he wants it to go. He saw QEs 1 and 2 mostly get hoovered up by commodities and PMs and that put a big damper on the recovery. Now he has enlisted Blythe and Co. to help direct the flow of ZIRP induced cash only to the 2 places he has deemed useful. Treasuries to keep his and the POTUS's massive debt costs down, and as Tyler would say the Russel 2000 to keep the well heeled spending due to wealth effect.
Can I get in on that bet? Biggest no brainer of all time. I cant believe there is anyone that would bet QE3 isn't coming out before election day. Its the only thing floating this market. Don't have to be Dr to figure that out
Gee, Dr. I shorted in FX....slightly.....as this "market" is under total manipulation.....and I won't give up my shorts neither.
Retarded? No, that's the stock market - and the currency markets are retarded too.....these days...totally retarded.
The USD/JPY; DOWN on an up day in the stock market? THAT'S retarded.
I see MASSIVE similarities to 2000, when profits were crap, and stocks shot up like they are today; no one buying anything, massive unemployment, and euphoria in the stock market - THAT'S retarded.
Long the market? Either you're a person named Claire Voyant, a Goldmann Sucks insider, and/or have tight stops; this suckwad of a market could turn on the slightest..slightest rumor.....or even.....God forbid....TRUTH.
I am in full agreement this market is completely retarded and you can't rely on the old rules. My point is that every time the shorts jump on this market ( and believe me I would like to) Ben squeezes them out. My presonal belief is that this market should be trading between DOW 4000 and DOW 6000 right now.
If the market tanked these underfunded pensions would be dealt a death blow. Now imagine if the makets tanked and treasury yields actually rise in response? That would be mutilating the corpse. I just can't see it. It will be QE until we OD.
Treasuries rigged? Check
LIBOR rigged? Check
Equities rigged? Check
Gentlemen, the free market in the USA is working perfectly. Or in Schumer's words "Get to work, Mr. Chairman"
Forgive my lack of knowledge but could someone be kind enough to explain what that ES1 represents in comparison to the other indicators?
The S&P 500 e-mini futures.
1400 spx lights out. Don't say you weren't warned.
got an eye on the VIX? I am speculating that the algos are running equities up. The algos will take profit around or above 1400. Crash. Rinse. Repeat. VIX is just screaming. And since I'm betting that way, im sure to be wrong.
If this thing gets too carried away and starts sucking treasury money in then Ben will certainly earn a place in economic history. If we are still headed up one week from now I would be very concerned that the T-Bubble is about to be pricked.
Damn, now I have that Sesame Street song in my head.
Why... it's almost as if someone is manipulating their currency...
Just waiting for the moment it flips back and poof! Meanwhile, did it already happen? I cant stand against HFT bots, my best is around 20 words/min O_o
Top chart says it all.
Just keep slathering lipstick on that pig and eventually main street will jump back into the equity market; ripe for the final slaughter.
Help me out with this chart from HRB today.
1,149,626 shares went in and the stock only moved from 16.73 to 16.70 all with in 1min. at 9:10am.
Then from 9:11am to 9:58am a total of 564,678 sh traded running the price up to 16.84 from the low of 16.695.
Got to love those HFT trades and the Hedge Fund Managers. A company with decreasing profits is good for the share price of this stock. Bad is Good now. :) I love the US version of Free Market Capitalism.
Arrest that treasonous terrorist. Arrest Bernanke.
Good posts in this thread after the teenagers wear themselves out in the first thirty or so.
ZH still rules.
....has this type of divergence 'worked' in the past? for how long, to what extent?
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