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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 | Link to Comment vmromk
vmromk's picture

FUCK YOU Bernanke !!!

Suck my cock with your Bernanke put.

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

u on viagra too?

Wed, 07/18/2012 - 12:38 | Link to Comment chumbawamba
chumbawamba's picture

Bath salts.

Wed, 07/18/2012 - 12:44 | Link to Comment flacon
flacon's picture

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

Wed, 07/18/2012 - 13:40 | Link to Comment malikai
Wed, 07/18/2012 - 14:50 | Link to Comment 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 | Link to Comment Badabing
Badabing's picture

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

Wed, 07/18/2012 - 12:44 | Link to Comment MsCreant
MsCreant's picture

They have a career for you over at TSA.

Wed, 07/18/2012 - 15:17 | Link to Comment 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 | Link to Comment sabra1
sabra1's picture

i'm sending janet napolitano right over!

Wed, 07/18/2012 - 12:53 | Link to Comment Bastiat
Bastiat's picture

Find that recording of Marissa Mayer laughing.  Gauranteed!

Wed, 07/18/2012 - 13:01 | Link to Comment Xibalba
Xibalba's picture

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

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

Classic CEO laugh right?  What?

 

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

 

Wed, 07/18/2012 - 12:36 | Link to Comment slaughterer
slaughterer's picture

Got to love the JCP boner moment today. 

Wed, 07/18/2012 - 13:41 | Link to Comment 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 | Link to Comment 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 | Link to Comment TwoJacks
TwoJacks's picture

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

Wed, 07/18/2012 - 12:38 | Link to Comment Racer
Racer's picture

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

Wed, 07/18/2012 - 15:19 | Link to Comment MillionDollarBoner_
MillionDollarBoner_'s picture

only the people that matter...

Wed, 07/18/2012 - 12:41 | Link to Comment 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 | Link to Comment Assetman
Assetman's picture

Awesome!

Wed, 07/18/2012 - 12:32 | Link to Comment apberusdisvet
apberusdisvet's picture

Obviously on Viagra

Wed, 07/18/2012 - 12:36 | Link to Comment 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 | Link to Comment 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 | Link to Comment MsCreant
MsCreant's picture

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

Wed, 07/18/2012 - 13:53 | Link to Comment 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 | Link to Comment viahj
viahj's picture

just give him a stick of dynomite and a match.  

Wed, 07/18/2012 - 15:24 | Link to Comment 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 | Link to Comment 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 | Link to Comment LawsofPhysics
LawsofPhysics's picture

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

Wed, 07/18/2012 - 12:38 | Link to Comment 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 | Link to Comment 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 | Link to Comment Jake88
Jake88's picture

It would just trigger another melt up.

Wed, 07/18/2012 - 13:36 | Link to Comment 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 | Link to Comment 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 | Link to Comment MsCreant
MsCreant's picture

Let's everyone go looting!!

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

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

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

YOU SHAVE YOUR ASS!

Wed, 07/18/2012 - 18:37 | Link to Comment 12ToothAssassin
12ToothAssassin's picture

No one has seen the Caddy Shack pool scene?

Wed, 07/18/2012 - 13:55 | Link to Comment 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 | Link to Comment 12ToothAssassin
12ToothAssassin's picture

Might need 65 Escalades to load that plasma...

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

"A plasma in every pot Bitchez"  Obama '12

Wed, 07/18/2012 - 12:39 | Link to Comment 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 | Link to Comment 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 | Link to Comment Bay of Pigs
Bay of Pigs's picture

crack up boom.....

Wed, 07/18/2012 - 12:47 | Link to Comment 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 | Link to Comment 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 | Link to Comment 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 | Link to Comment 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 | Link to Comment 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 | Link to Comment 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 | Link to Comment 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 | Link to Comment 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 | Link to Comment somethingisrotten
somethingisrotten's picture

SPAM

Wed, 07/18/2012 - 12:42 | Link to Comment 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 | Link to Comment 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 | Link to Comment 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 | Link to Comment Mark123
Mark123's picture

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

Wed, 07/18/2012 - 13:17 | Link to Comment hedgehog9999
hedgehog9999's picture

I just did!!!!

Wed, 07/18/2012 - 13:23 | Link to Comment 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 | Link to Comment 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 | Link to Comment 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 | Link to Comment fonzannoon
fonzannoon's picture

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

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

The S&P 500 e-mini futures.

Wed, 07/18/2012 - 12:56 | Link to Comment razorthin
razorthin's picture

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

Wed, 07/18/2012 - 13:26 | Link to Comment 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 | Link to Comment 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 | Link to Comment robertocarlos
robertocarlos's picture

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

Wed, 07/18/2012 - 13:24 | Link to Comment laomei
laomei's picture

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

Wed, 07/18/2012 - 13:30 | Link to Comment 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 | Link to Comment 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 | Link to Comment 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 | Link to Comment q99x2
q99x2's picture

Arrest that treasonous terrorist. Arrest Bernanke.

Wed, 07/18/2012 - 15:16 | Link to Comment 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 | Link to Comment 1eyedman
1eyedman's picture

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

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