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Spot The Odd One Out

Tyler Durden's picture





 

Yes, it's happened again. One of these markets is not like the other ones.

Stocks have started their reversion to the short-term normality in Gold, USD, and Treasuries...

 

which put another way is a reversion in the nominal price of stocks in gold...

and stocks ignoring high yield credit's less sanguine view of things all of a sudden...

 


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Fri, 07/20/2012 - 14:47 | Link to Comment mrktwtch2
mrktwtch2's picture

nice colorful charts!!..of course as we all know that they dont really matter..

Fri, 07/20/2012 - 14:53 | Link to Comment Race Car Driver
Race Car Driver's picture

How can they? All the numbers represented above are the result of market distortions, suppressions and manipulations. The charts merely put same in graphical format... the numbers are still fucked.

Fri, 07/20/2012 - 14:56 | Link to Comment Stoploss
Stoploss's picture

Thanks Ben we new the drill.

 

Fucktard.

Fri, 07/20/2012 - 14:56 | Link to Comment NotApplicable
NotApplicable's picture

They still have meaning, as they illuminate the magnitude and direction of all of those distortions, suppressions and manipulations. They just don't mean much from a market perspective.

Fri, 07/20/2012 - 15:08 | Link to Comment Dr. Richard Head
Dr. Richard Head's picture

Meaning?  Pffffffttttt...You can't eat stocks priced in gold.

Fri, 07/20/2012 - 17:14 | Link to Comment sessinpo
sessinpo's picture

You can't eat anything on those charts. If you want to eat, plant a garden.

If anything, these are brief snapshot of flows of liquidity which isn't very helpful without volume.

Fri, 07/20/2012 - 14:54 | Link to Comment JPM Hater001
JPM Hater001's picture

I was really hoping for recovery...I really was rooting for 13000 this time...I wanted the bond market to bound ever higher...unless of course it doesnt happen. 

In which case I want a pony.

Fri, 07/20/2012 - 14:58 | Link to Comment NotApplicable
NotApplicable's picture

Wait, you haven't gotten your pony yet? You should contact "your representative" immediately, if not sooner.

Fri, 07/20/2012 - 16:19 | Link to Comment Treeplanter
Treeplanter's picture

Obama will buy you a pony.  All you have to do is believe. 

Fri, 07/20/2012 - 16:45 | Link to Comment Lucky Guesst
Lucky Guesst's picture

if you do get a pony and want to safely invest go to the feed store and fatten him up. You may have to eat him someday.

Fri, 07/20/2012 - 14:55 | Link to Comment Oracle of Kypseli
Oracle of Kypseli's picture

Soon enough these charts will reflect the truth and that's when they will not matter most. Paper burns.

But something else just melts when heated to 1947.52 °F. But then.. metamorphosis back to original not even a small grain of ash.

Fri, 07/20/2012 - 14:47 | Link to Comment Yen Cross
Yen Cross's picture

 xau ( ding ding)

Fri, 07/20/2012 - 14:54 | Link to Comment magpie
magpie's picture

A scary thought passed me by - would it be possible to HFTize and momofy Gold ? A parting shot by the fiat ponzi ?

Fri, 07/20/2012 - 14:56 | Link to Comment The Final Countdown
The Final Countdown's picture

Isn't that what GLD is for?

Fri, 07/20/2012 - 15:01 | Link to Comment NotApplicable
NotApplicable's picture

It will be once all of the FCMs are gone that have clients who demand delivery from a Crimex vault. I wonder if Celente has tried again since being Corzined, for example?

Blow up the loading dock and the algobots will own this "market."

Fri, 07/20/2012 - 16:22 | Link to Comment Treeplanter
Treeplanter's picture

What has Celente ever done for The Party?

Fri, 07/20/2012 - 17:17 | Link to Comment sessinpo
sessinpo's picture

Oh, Celente is a hoot in a party once you get a few drinks in him. Oh, sorry. Wrong type of party.

Fri, 07/20/2012 - 20:52 | Link to Comment Divine Wind
Divine Wind's picture

You can learn more Italian mobster names listening to Celente that a DeNiro movie.

"But if the White Shoe Boys has names like "

Bonanno
Brancato
Campagna
Cardinella
DelGiorno
Galante
Magaddino
Migliore
Panarella
etc..
etc..

 

 

Fri, 07/20/2012 - 14:48 | Link to Comment Calidreaming
Calidreaming's picture

Ok its about time to Cue in Last hour Robot buy program...........

Fri, 07/20/2012 - 14:48 | Link to Comment nobusiness
nobusiness's picture

Market won't fully correct until next week.  My July 20 135 SPY Puts must expire worthless first.

Fri, 07/20/2012 - 15:07 | Link to Comment OutLookingIn
OutLookingIn's picture

"Fully correct?"

How do they correct from a falsehood?

A falsehood is a lie. The spoonfed numbers are false. Ergo ~ believe the lie? Or not.

The charts will do exactly what the manipulators want them to do. No more, no less.  

Fri, 07/20/2012 - 16:15 | Link to Comment nobusiness
nobusiness's picture

OK, Crash can commence next week.  I am always a week too early.

Fri, 07/20/2012 - 16:23 | Link to Comment Quantum Nucleonics
Quantum Nucleonics's picture

By fully correct, do you mean S&P going to 600?

Fri, 07/20/2012 - 14:48 | Link to Comment Concentrated po...
Concentrated power has always been the enemy of liberty.'s picture

Welcome to Costco, I love you...

Fri, 07/20/2012 - 14:58 | Link to Comment Mugatu
Mugatu's picture

"I got my law degree from Costco"

Let see how many people know which great movie this comes from.  Funny part is the entire movie is becoming reality.  

Brought to you by Carls Jr.

Fri, 07/20/2012 - 15:03 | Link to Comment NotApplicable
NotApplicable's picture

Becoming reality?

It was actually a documentary.

We'll see how long the tards can continue to live kick-ass lives, though.

My first wife was a tard.

Fri, 07/20/2012 - 15:09 | Link to Comment Jack Napier
Jack Napier's picture

Just keep pumping people full of electrolytes and they'll be just fine! Stay away from the toilet water. If anyone needs me I'll be at Starbucks.

Fri, 07/20/2012 - 16:20 | Link to Comment moneyline
moneyline's picture

For the "full release latte"!.....oh yeaaahh.

Fri, 07/20/2012 - 17:06 | Link to Comment NooooB
NooooB's picture

"GO AWAY!"-" BAIT'IN!"

Fri, 07/20/2012 - 15:14 | Link to Comment Mugatu
Mugatu's picture

Nope!  Movie was Idiocracy.  A Mike Judge picture staring Luke Wilson.  

Luke Wilson goes into an Army experiment and wakes up 300 years later.  He finds out that he is the smartest man in the world when he is tested at a 100 IQ.  In the future, Gatorade (called Brawndo in the movie) bought out the bankrupt FDA and Gatorade is fed to infants, cattle, even crops - instead of water.  President is a wrestlemania type strongman who drinks beer and rides through parades on a tri-bike.  Starbucks become a brothel and Costco has become a giant megacomplex where you can buy anything.  

Fri, 07/20/2012 - 15:53 | Link to Comment Biggvs
Biggvs's picture

Step right up, sir! Select your fate! Choose one of these fine beverages from our selection:

http://postimage.org/image/yovflq6ch/

Fri, 07/20/2012 - 17:30 | Link to Comment viahj
viahj's picture

recalibrate your sarcasm detector

Fri, 07/20/2012 - 15:06 | Link to Comment JohnG
JohnG's picture

Isn't is "Idiocracy?"  My best guess anyway.

Fri, 07/20/2012 - 15:32 | Link to Comment Mugatu
Mugatu's picture

Enjoy this clip from the movie.  Its so applicable to today, that is funny:

http://www.youtube.com/watch?v=G5zAAASsuyk

Fri, 07/20/2012 - 17:03 | Link to Comment Tijuana Donkey Show
Tijuana Donkey Show's picture

Obama would look good as a blonde.

Fri, 07/20/2012 - 16:28 | Link to Comment Quantum Nucleonics
Quantum Nucleonics's picture

A little OT, but, as I'm walking out of Costco through the line of shame, where they check my receipt to see if I've stolen anything, seeing that I have my two young sons with me, the Costco inqusitor takes the time to draw a smiley, happy face on the back of my receipt for the benfit of said kids.  Come on, just wave me through.  I'm juggling to kids bouncing off the wall while hauling 4 metric tons of stuff out to my car.  I really don't have time for some Costco employee to re-live their favorite kindergarten art class memories.

Fri, 07/20/2012 - 16:55 | Link to Comment beachdude
beachdude's picture

They check my receipt as a courtesy to make sure I remembered the vodka kahlua and milk.

Fri, 07/20/2012 - 14:53 | Link to Comment youngman
youngman's picture

I still think gold is being played....fixed....just today the ECB said no more to Greece debt as collateral...well well well...what is one to do if you own that crap...can´t trade it for gold now can we...

Fri, 07/20/2012 - 14:51 | Link to Comment Taterboy
Taterboy's picture

Odd one out? You mean Barney Frank?

Fri, 07/20/2012 - 14:52 | Link to Comment ThunderingTurd
ThunderingTurd's picture

Anyone else expiring worthless today...right before the next MASSIVE leg down? 

Fri, 07/20/2012 - 15:02 | Link to Comment Hetty Green
Hetty Green's picture

Yup!

Fri, 07/20/2012 - 14:52 | Link to Comment TwoJacks
TwoJacks's picture

no one, absolutely no one, buys stocks with gold.  who are you, Prechter?

Fri, 07/20/2012 - 14:53 | Link to Comment francis_sawyer
francis_sawyer's picture

Robot Trader to post comment that 'inWestors' are fleeing to the safety of 'tried & true' Treasuries in 5...4...3...2...

Fri, 07/20/2012 - 14:56 | Link to Comment diogeneslaertius
diogeneslaertius's picture

ENSLAVED BY A HOLOGRAPHIC ECONOMIC DEATHSTAR CREATED BY NWO MADMEN

 

no film at 11

Fri, 07/20/2012 - 14:57 | Link to Comment fonzannoon
fonzannoon's picture

Cue "we are coming off the lows" in 6 minutes followed by "looks like we are going to end about flat" in about 45 minutes. Followed by bobbleheads screaming "Wow" while looking completely unsurprised.

Fri, 07/20/2012 - 15:08 | Link to Comment JohnG
JohnG's picture

Must.Close.Green.

Fri, 07/20/2012 - 14:59 | Link to Comment Yen Cross
Yen Cross's picture

 Now that we have defined risk. Perhaps we should buy some Diamonds.  OOOPs 1 is off the market. That defines inflation.

  JPM style.

Fri, 07/20/2012 - 15:03 | Link to Comment Squid Vicious
Squid Vicious's picture

bunch of homies closing in on 5 yr. highs... all is well in suburbia!!

Fri, 07/20/2012 - 15:05 | Link to Comment RobotTrader
RobotTrader's picture

Minor stock selloffs create and even bigger, more monsterous bond bubble.

 

Just look at the absolute, total panic buying in U.S., German, Swiss, and Japanese bonds.

Never before in history have I seen a "Paper Bubble" as big as this one.

More and more "Animal Spirits" are brewing, pretty soon borrowing money will be practically free, which means infinite margin for the speculators, and savers will be completely destroyed unless they start buying stocks.

Fri, 07/20/2012 - 15:09 | Link to Comment fonzannoon
fonzannoon's picture

or metals.

Fri, 07/20/2012 - 15:36 | Link to Comment Ying-Yang
Ying-Yang's picture

Damn.. I almost agree with you Robo, except for the "buying stocks" part. The least you could do for us at ZH is to take the bra off your avatar!

Fri, 07/20/2012 - 15:59 | Link to Comment francis_sawyer
francis_sawyer's picture

Jeez... what took u so long to troll?... This one ought have been a slam dunk... Oh, I know... It's Friday (allowance day for you), musta been busy at the dollar store buying silly string & play doh...

Fri, 07/20/2012 - 15:09 | Link to Comment TahoeBilly2012
TahoeBilly2012's picture

Or just destroyed period.

Fri, 07/20/2012 - 15:23 | Link to Comment Yen Cross
Yen Cross's picture

  OR side-lines.

Fri, 07/20/2012 - 15:28 | Link to Comment youngman
youngman's picture

the PM´s market is dead....wierd...nothing moving...is it expiriry day today????

Fri, 07/20/2012 - 15:31 | Link to Comment dcb
dcb's picture

god you can tell it's going to be another algo week from hell getting back to th eline we all know where to buy is. keep the vix low, don't have to pay tose vix options, instead of droppung today working our way slowly down. or maybe like before when we opened lower each day and the algo's bought from the am all day, and each day was lower. or the stupid 14:00 ramp and have to buy your shorts at teh end of the day 15:58.

God I hate our markets, it's no wonder people are leaving in droves, so the liquidity providers are driving every normal person out of the market leaving less liquidity, but nobody talk about that. plus the stupid back and fort action stealing small amounts of money left and right reducing liquidity.

just buy your short at the emd of the day. I hate this stuff.

What  A joke

Fri, 07/20/2012 - 15:34 | Link to Comment Ying-Yang
Ying-Yang's picture

On Monday will we see the "Hide the Pickle" chart ?

Fri, 07/20/2012 - 15:40 | Link to Comment Xibalba
Xibalba's picture

Just wait for Monday when you'll get Asia's response....

 

 

 

muahahahahaha

Fri, 07/20/2012 - 15:48 | Link to Comment Mark123
Mark123's picture

What would you rather hold....shares of Chipotle trading at 50x massaged earnings, Linkedin shares trading at 730x massaged earnings, etc etc.......or cash backed by empty central bank vaults......or physical gold/silver?

 

It is funny, but the central banksters cannot save the stock market speculators, BUT they can make cash worthless or verry very valuable.  Gold will play the inverse to cash.

 

 

Sat, 07/21/2012 - 01:20 | Link to Comment CCanuck
CCanuck's picture

What are they serving at Chipotle ? Chicken?

I wont buy the stock if they serve chicken!

Gonzo

Fri, 07/20/2012 - 15:50 | Link to Comment SmoothCoolSmoke
SmoothCoolSmoke's picture

I think next week is ugly for stocks. Ben's shadow from this week will have disapated.  Earnings will continue to be weak.  If Spain goes up in flames this weekend...................look out below. 

Fri, 07/20/2012 - 15:55 | Link to Comment Seal
Seal's picture

You know, I was thinking.......Gold is an obvious hedge to own, CBs are buying it, CN is buying it big time, the price is holding steady....SO THEREFORE the FED is shorting paper gold AND selling physical. It MUST be that the 8,300+ tons are gone. How could it be otherwise???

Fri, 07/20/2012 - 21:01 | Link to Comment Divine Wind
Divine Wind's picture

 

Simple.

They are using other nation's PHYZ stored in NY and other domestic locations to sell into the market.

NEVER,EVER fuck with the principle. Use other people's gold.

If things go south, they can say it was stolen by terrorists from __________________ <----enter favorite exotic shithole>

This is why Chavez called for his to be returned.

Sat, 07/21/2012 - 01:13 | Link to Comment CCanuck
CCanuck's picture

Rule #1 - "Don't get high, on your own supply"

Fri, 07/20/2012 - 16:02 | Link to Comment Yen Cross
Yen Cross's picture

 God Dammit Tyler! Quit toying with me!

  It's the intersection of "GOLD/FIAT". Technically you win!

  Those credit charts are in line though? No curve movement/ on the short term spreads?

Fri, 07/20/2012 - 16:00 | Link to Comment RobotTrader
RobotTrader's picture

My prediction is that gold and silver are going to break down below the triangle and really freak a lot of guys out.

General Jim will have shut all communication with the outside world, and King World News blog posting with suddenly halt.

3 days below that line, then it reverses and heads back up on a new bull leg.

 

Fri, 07/20/2012 - 16:17 | Link to Comment Beam Me Up Scotty
Beam Me Up Scotty's picture

Dry powder ready and waiting!!

Fri, 07/20/2012 - 16:27 | Link to Comment The Swedish Chef
The Swedish Chef's picture

Too bad I put all my money in muni ETFs like you said I should...

Fri, 07/20/2012 - 17:46 | Link to Comment jimmyjames
jimmyjames's picture

My prediction is that gold and silver are going to break down below the triangle and really freak a lot of guys out.

**************

You could be right-but so far the odds are 80% against a break lower out of this formation-according to the previous bull-

http://bit.ly/NEefoN

Fri, 07/20/2012 - 16:11 | Link to Comment q99x2
q99x2's picture

Red by the Bell.

Stocks are still a bit humpty. Maybe if Spain implodes. And, Hillary attacks Iran this week they will go up on Monday.

Been a good week of nothing happening again in the markets. Now we have a week of Government propoganda on how the FEDs are going to help us not get shot when we go to the movies.

The sociopaths running for office figure they've done so well at helping us get robbed when we go to the banks that they are going to help their campaigns by marketing a tragedy and making life a little worse for everyone.

Why don't they let us all carry so we can protect ourselves from sociopaths whether they are running into the theater or running for office.

No news for me this week.

Fri, 07/20/2012 - 16:32 | Link to Comment Remington IV
Remington IV's picture

That would be my portfolio

Fri, 07/20/2012 - 16:32 | Link to Comment Remington IV
Remington IV's picture

That would be my portfolio

Fri, 07/20/2012 - 16:52 | Link to Comment americanspirit
americanspirit's picture

IMO sometime next week Assad is going to decide that if he's going down in flames he's going to take a whole lot of people with him. And my guess is that he won't limit his targets to nearby populations. I wouldn't be downwind from any European capital next week, especially London.

Fri, 07/20/2012 - 19:23 | Link to Comment orangegeek
orangegeek's picture

An overlay of Spot Gold and the Gold Bugs Index (gold stocks) tells a better story.

 

http://bullandbearmash.com/index/gold/daily/

Sat, 07/21/2012 - 12:54 | Link to Comment Grand Supercycle
Grand Supercycle's picture

As mentioned numerous times, market intervention has only postponed the inevitable.

Despite short and medium term market vacillation - the following remains a constant :

>> USDX monthly indicators [ie big picture] continue to warn of significant long term USD upside. (thus EURUSD & AUDUSD etc bearish)

>> SPX monthly indicators [ie big picture] continue to warn of significant long term downside for equities which will be worse than 2008.

http://www.zerohedge.com/news/2012-12-24/market-analysis

Do NOT follow this link or you will be banned from the site!