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Spot The Odd Market Out

Tyler Durden's picture




 

Presented without commentary...

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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Wed, 07/18/2012 - 12:32 | 2628573 vmromk
vmromk's picture

FUCK YOU Bernanke !!!

Suck my cock with your Bernanke put.

Wed, 07/18/2012 - 12:36 | 2628600 falak pema
falak pema's picture

u on viagra too?

Wed, 07/18/2012 - 12:38 | 2628618 chumbawamba
chumbawamba's picture

Bath salts.

Wed, 07/18/2012 - 12:44 | 2628658 flacon
flacon's picture

Bernanke sex tools. ... uhhh... I mean Fed tools... he's a tool. 

Wed, 07/18/2012 - 13:40 | 2628984 malikai
Wed, 07/18/2012 - 14:50 | 2629395 OutLookingIn
OutLookingIn's picture

Nothing is, but what is not.

He's all form in zero substance.

Hot air will rise until it doesn't!

Wed, 07/18/2012 - 12:38 | 2628619 Badabing
Badabing's picture

help me i've got a boner and it wwill not go down!

Wed, 07/18/2012 - 12:44 | 2628649 MsCreant
MsCreant's picture

They have a career for you over at TSA.

Wed, 07/18/2012 - 15:17 | 2629511 MillionDollarBoner_
MillionDollarBoner_'s picture

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?

 

 

Wed, 07/18/2012 - 12:46 | 2628671 sabra1
sabra1's picture

i'm sending janet napolitano right over!

Wed, 07/18/2012 - 12:53 | 2628719 Bastiat
Bastiat's picture

Find that recording of Marissa Mayer laughing.  Gauranteed!

Wed, 07/18/2012 - 13:01 | 2628750 Xibalba
Xibalba's picture

VIX expiry today....wanna talk about manipulated markets like LIBOR....look no further. 

Wed, 07/18/2012 - 13:24 | 2628853 Bizaro World
Bizaro World's picture

Classic CEO laugh right?  What?

 

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

 

Wed, 07/18/2012 - 12:36 | 2628605 slaughterer
slaughterer's picture

Got to love the JCP boner moment today. 

Wed, 07/18/2012 - 13:41 | 2628992 Metalredneck
Metalredneck's picture

If I had a big enough dildo, and a place to kneel, I could fuck the world.

Wed, 07/18/2012 - 14:43 | 2629350 Stock Tips Inve...
Stock Tips Investment's picture

The market is very attentive to the words of Bernanke. Be seen whether shares have the same effect.

Wed, 07/18/2012 - 12:32 | 2628575 TwoJacks
TwoJacks's picture

that looks about right. kool-aid for everyone, er, I mean money for everyone

Wed, 07/18/2012 - 12:38 | 2628621 Racer
Racer's picture

and by 'everyone' you are only referring to banksters of course

Wed, 07/18/2012 - 15:19 | 2629521 MillionDollarBoner_
MillionDollarBoner_'s picture

only the people that matter...

Wed, 07/18/2012 - 12:41 | 2628640 spastic_colon
spastic_colon's picture

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!

Wed, 07/18/2012 - 12:32 | 2628580 Assetman
Assetman's picture

Awesome!

Wed, 07/18/2012 - 12:32 | 2628582 apberusdisvet
apberusdisvet's picture

Obviously on Viagra

Wed, 07/18/2012 - 12:36 | 2628603 Hmm...
Hmm...'s picture

at least we know where the algos have been told to put their free money from the Fed.

Wed, 07/18/2012 - 12:36 | 2628607 Lohn Jocke
Lohn Jocke's picture

Can anyone else hear the 'click, click, click' of the roller coaster, or was that just me loading my guns?

 

Wed, 07/18/2012 - 13:30 | 2628908 MsCreant
MsCreant's picture

That's just Ben playing Russian Roulette with the economy. No worries.

Wed, 07/18/2012 - 13:53 | 2629088 JPM Hater001
JPM Hater001's picture

Anyone have an extra bullet to help even up the odds?  Maybe Ben can play with an oozi.

Wed, 07/18/2012 - 14:23 | 2629243 viahj
viahj's picture

just give him a stick of dynomite and a match.  

Wed, 07/18/2012 - 15:24 | 2629535 MillionDollarBoner_
MillionDollarBoner_'s picture

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)

Wed, 07/18/2012 - 12:37 | 2628609 Debtless
Debtless's picture

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?

Wed, 07/18/2012 - 12:37 | 2628612 LawsofPhysics
LawsofPhysics's picture

Hhhmmm.  There is a trade in there somewhere.  Implied value 1350?

Wed, 07/18/2012 - 12:38 | 2628613 ghostfaceinvestah
ghostfaceinvestah's picture

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.

Wed, 07/18/2012 - 13:22 | 2628843 HaroldWang
HaroldWang's picture

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.

Wed, 07/18/2012 - 15:43 | 2629607 Jake88
Jake88's picture

It would just trigger another melt up.

Wed, 07/18/2012 - 13:36 | 2628616 buzzsaw99
buzzsaw99's picture

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.

Wed, 07/18/2012 - 12:38 | 2628617 drink or die
drink or die's picture

Stocks up, the recovery is finally here!!!! Time to load up my leased Escalade up with 65" plasmas.

Wed, 07/18/2012 - 12:40 | 2628634 MsCreant
MsCreant's picture

Let's everyone go looting!!

Wed, 07/18/2012 - 13:12 | 2628798 Carl Spackler
Carl Spackler's picture

That's how Compton, CA plans to repay its creditors.

Wed, 07/18/2012 - 13:39 | 2628980 12ToothAssassin
12ToothAssassin's picture

YOU SHAVE YOUR ASS!

Wed, 07/18/2012 - 18:37 | 2630032 12ToothAssassin
12ToothAssassin's picture

No one has seen the Caddy Shack pool scene?

Wed, 07/18/2012 - 13:55 | 2629096 JPM Hater001
JPM Hater001's picture

"Time to load up my leased Escalade up with 65" plasmas."

I for one plan on buying the TV from Cowboy Stadium.

Thu, 07/19/2012 - 14:05 | 2632920 12ToothAssassin
12ToothAssassin's picture

Might need 65 Escalades to load that plasma...

Wed, 07/18/2012 - 14:43 | 2629352 Need More Cowbell
Need More Cowbell's picture

"A plasma in every pot Bitchez"  Obama '12

Wed, 07/18/2012 - 12:39 | 2628623 fonzannoon
fonzannoon's picture

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?

Wed, 07/18/2012 - 12:39 | 2628625 jtmo3
jtmo3's picture

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.

Wed, 07/18/2012 - 12:44 | 2628660 Bay of Pigs
Bay of Pigs's picture

crack up boom.....

Wed, 07/18/2012 - 12:47 | 2628673 fonzannoon
fonzannoon's picture

I don't think so jtmo. Credit is on fire. They are flipping bonds like miami condo's in 2004.

Wed, 07/18/2012 - 13:18 | 2628826 Village Smithy
Village Smithy's picture

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.

Wed, 07/18/2012 - 16:46 | 2629803 zebrasquid
zebrasquid's picture

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.

Wed, 07/18/2012 - 16:40 | 2629804 zebrasquid
zebrasquid's picture

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

market in mid air, with no net.....?   

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.

 

 

Wed, 07/18/2012 - 12:40 | 2628632 Meesohaawnee
Meesohaawnee's picture

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.

Wed, 07/18/2012 - 12:40 | 2628635 Mark123
Mark123's picture

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.

Wed, 07/18/2012 - 12:41 | 2628644 Stuart
Stuart's picture

Bernanke is speaking.  The pupper masters have to make sure all looks appropriate during these times. 

Wed, 07/18/2012 - 12:41 | 2628646 RobotTrader
RobotTrader's picture

Hundreds of beaten down junker stocks on the move today:  EMC, FFIV, JNPR, NTAP, NVDA, too many to list.

Wed, 07/18/2012 - 13:18 | 2628827 somethingisrotten
somethingisrotten's picture

SPAM

Wed, 07/18/2012 - 12:42 | 2628651 Meesohaawnee
Meesohaawnee's picture

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.

Wed, 07/18/2012 - 12:46 | 2628669 MsCreant
MsCreant's picture

"now?"

I think it has always been this way, we are just starting the exponential climb up the fraud slope of the Ponzi cycle.

Wed, 07/18/2012 - 12:44 | 2628652 hedgehog9999
hedgehog9999's picture

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!!!

 

 

Wed, 07/18/2012 - 12:53 | 2628718 Mark123
Mark123's picture

Agreed....but if you try to short they will scalp you bad....real bad.

Wed, 07/18/2012 - 13:17 | 2628823 hedgehog9999
hedgehog9999's picture

I just did!!!!

Wed, 07/18/2012 - 13:23 | 2628851 Village Smithy
Village Smithy's picture

If you are in a short position and still in the money after a couple of 5 minute candles, cover for a profit.

Wed, 07/18/2012 - 12:45 | 2628665 Bastiat009
Bastiat009's picture

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.

Wed, 07/18/2012 - 12:48 | 2628681 Dr. Engali
Dr. Engali's picture

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.

Wed, 07/18/2012 - 12:49 | 2628693 fonzannoon
fonzannoon's picture

Have I swayed you around Dr.? You sound like me now...

Wed, 07/18/2012 - 12:57 | 2628738 Dr. Engali
Dr. Engali's picture

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.

Wed, 07/18/2012 - 13:05 | 2628770 fonzannoon
fonzannoon's picture

I think I agree with you. You guys have a great over/under date set. Thats gonna be close.

Wed, 07/18/2012 - 13:26 | 2628860 Dr. Engali
Dr. Engali's picture

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.

Wed, 07/18/2012 - 13:28 | 2628891 fonzannoon
fonzannoon's picture

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?

Wed, 07/18/2012 - 13:43 | 2628985 Dr. Engali
Dr. Engali's picture

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.

Wed, 07/18/2012 - 13:10 | 2628789 Village Smithy
Village Smithy's picture

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.

Wed, 07/18/2012 - 13:29 | 2628898 Plausible Denia...
Plausible Deniability's picture

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

Wed, 07/18/2012 - 13:08 | 2628783 BeetleBailey
BeetleBailey's picture

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.

Wed, 07/18/2012 - 13:13 | 2628804 Dr. Engali
Dr. Engali's picture

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.

Wed, 07/18/2012 - 13:16 | 2628821 fonzannoon
fonzannoon's picture

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.

Wed, 07/18/2012 - 12:50 | 2628697 Hype Alert
Hype Alert's picture

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"

Wed, 07/18/2012 - 12:55 | 2628724 SoloBolo
SoloBolo's picture

Forgive my lack of knowledge but could someone be kind enough to explain what that ES1 represents in comparison to the other indicators?

Thank you 

 

Wed, 07/18/2012 - 12:57 | 2628734 Village Smithy
Village Smithy's picture

The S&P 500 e-mini futures.

Wed, 07/18/2012 - 12:56 | 2628730 razorthin
razorthin's picture

1400 spx lights out.  Don't say you weren't warned.

Wed, 07/18/2012 - 13:26 | 2628868 Ignatius J Reilly
Ignatius J Reilly's picture

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.

Wed, 07/18/2012 - 13:01 | 2628754 Village Smithy
Village Smithy's picture

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.

Wed, 07/18/2012 - 13:16 | 2628819 robertocarlos
robertocarlos's picture

Damn, now I have that Sesame Street song in my head.

Wed, 07/18/2012 - 13:24 | 2628857 laomei
laomei's picture

Why... it's almost as if someone is manipulating their currency...

Wed, 07/18/2012 - 13:30 | 2628911 Overflow-admin
Overflow-admin's picture

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

Wed, 07/18/2012 - 14:51 | 2629401 TrumpXVI
TrumpXVI's picture

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.

Wed, 07/18/2012 - 15:10 | 2629486 Coameric99
Coameric99's picture

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.

Wed, 07/18/2012 - 15:14 | 2629498 q99x2
q99x2's picture

Arrest that treasonous terrorist. Arrest Bernanke.

Wed, 07/18/2012 - 15:16 | 2629509 Ponzi Unit
Ponzi Unit's picture

Good posts in this thread after the teenagers wear themselves out in the first thirty or so.

ZH still rules.

Wed, 07/18/2012 - 17:34 | 2629924 1eyedman
1eyedman's picture

....has this type of divergence 'worked' in the past?  for how long, to what extent?

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