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Spot The Odd One Out

Tyler Durden's picture


We are now T+5 from the launch of the good ship QEternity - do you know where your asset classes are?


Treasuries, EURUSD, and Oil have all retraced the entire post-FOMC move - US equities not so much...


...and perhaps as an indication of times to come for the Fed - what took EURUSD 3 days half-life and 5 days full-life to be digested took a mere 9 hours for the BoJ's latest QE8 effort this week in USD JPY...


Charts: Bloomberg


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Thu, 09/20/2012 - 12:44 | 2815325 LULZBank
LULZBank's picture

Boldly go where no one has gone before Bitchezz!!!

Thu, 09/20/2012 - 12:47 | 2815341 strannick
strannick's picture

The good ship Qeternity, sailing in green seas of endless liquidity

Thu, 09/20/2012 - 12:52 | 2815358 Dalago
Dalago's picture

We would have also accepted, "Boldly go where no Bitchezzzz have gone before."


Tyler, tell LULZBank what he wins!

Thu, 09/20/2012 - 13:04 | 2815431 LULZBank
LULZBank's picture

Is it coz I is too intelligent?

BTW, I did'nt junk you.

Thu, 09/20/2012 - 13:08 | 2815451 SmallerGovNow2
SmallerGovNow2's picture

Like to see gold added to the first chart...

Thu, 09/20/2012 - 14:26 | 2815692 flacon
flacon's picture

...and silver. I think silver is going to go DOWN baby.... in the SHORT TERM. Perhaps retest $32.50. 

Thu, 09/20/2012 - 13:14 | 2815457 Dalago
Dalago's picture

Tis you is.  I uped you and didn't junk you either.

Thu, 09/20/2012 - 13:44 | 2815565 ParkAveFlasher
ParkAveFlasher's picture

I junked you.  I don't know much, but I do know that bitchez always go last!

Thu, 09/20/2012 - 13:59 | 2815607 Dalago
Dalago's picture

Nah son,  Bitchez be versatile; even you didn't end with bitchez!

Thu, 09/20/2012 - 17:15 | 2816279 Overfed
Overfed's picture

Bitchez be crazy!

Thu, 09/20/2012 - 14:44 | 2815753 Angelo Misterioso
Angelo Misterioso's picture

seems like it maybe should be "Badly go where no one has gone before...."

Thu, 09/20/2012 - 14:44 | 2815754 Angelo Misterioso
Angelo Misterioso's picture

seems like it maybe should be "Badly go where no one has gone before...."

Thu, 09/20/2012 - 14:49 | 2815771 Meesohaawnee
Meesohaawnee's picture

is that  down shapiro's pants?

Thu, 09/20/2012 - 12:47 | 2815333 CClarity
CClarity's picture

Or as Rosie wrote yesterday, "There was a time, not that long ago actually, when it was the economy that drove asset prices like equity and real estate valuations.  But today, the causation is viewed, even in policy circles, as running in the opposite direction.  It is asset prices that now drive the economy."  

Or at least that is what Ben and the CBers hope.

Thu, 09/20/2012 - 12:46 | 2815335 Schmuck Raker
Schmuck Raker's picture

Poor Spot.

Thu, 09/20/2012 - 12:50 | 2815367 CPL
CPL's picture

Now see spot run.

WTI is taking off again for some reason.

Thu, 09/20/2012 - 14:21 | 2815672 DeadFred
DeadFred's picture

Futures are done rolling. Good chance this last week's meltdown was caused by month-to-month rollovers.  There's a boatload of liquidity parked in the oil futures market making us pay more at the pumps than we need to but every so often they have to move their contracts or else they'll have to, God forbid, take delivery in a market with not that much demand. This time the month-to-month doorway got a little narrow. Maybe they held a bit longer than they should hoping to catch a bit more profit from the expected ramp from QEternity. Oops, sometimes it sucks to be an evil oil speculator, especially if you're not close enough to the Source to get inside info on exit strategies.

Thu, 09/20/2012 - 12:46 | 2815337 CPL
CPL's picture

New ride at six flags?






Thu, 09/20/2012 - 14:05 | 2815628 Relentless
Relentless's picture

This one's gonna make you h-u-r-l!

Thu, 09/20/2012 - 12:47 | 2815344 q99x2
q99x2's picture

Someone better find Bernanke and have him take a look. Something is not right.

Thu, 09/20/2012 - 12:48 | 2815346 slaughterer
slaughterer's picture

We got badly ass raped by the WTi flash crash here.  Sucks.  Put a Bidermann video on ZH tonight so we can feel better.    

Thu, 09/20/2012 - 12:47 | 2815352 Dr. Engali
Dr. Engali's picture

So buy stawks?

Thu, 09/20/2012 - 12:52 | 2815381 CPL
CPL's picture

Yup...I understand this is the dip from chart prognstication..


Naw just fucking with you, happens every quarter now.  Set your watch to it.

Thu, 09/20/2012 - 12:48 | 2815353 Dr. Engali
Dr. Engali's picture

Dupe.... Damn fat finger.

Thu, 09/20/2012 - 12:48 | 2815357 slaughterer
slaughterer's picture

Buy MBS and financials--i.e.  the worst crap in the lowest part of the sewer.  You will do well.  

Thu, 09/20/2012 - 12:52 | 2815380 mccoyspace
mccoyspace's picture

The "Bad is Good" menu sure tastes great.....

Thu, 09/20/2012 - 13:04 | 2815428 Bam_Man
Bam_Man's picture

That is called "front-running the Fed".

Thu, 09/20/2012 - 14:22 | 2815677 holdbuysell
holdbuysell's picture

At some point this front-running is going to extrapolate to outside the virtual financial system. Got food?

Thu, 09/20/2012 - 13:06 | 2815445 Urban Redneck
Urban Redneck's picture

Only if you have a TBTF membership card, enabling you to turn around and unload it to the FEDs balance sheet at mark-to-myth pricing for a guaranteed profit, BofA still has 260,000 year-end non-performance bonuses that it must finance.

Thu, 09/20/2012 - 12:50 | 2815362 FL_Conservative
FL_Conservative's picture

Hopey the Clown says we have nothing to worry about.  He and Ben have all their plans in place.

Thu, 09/20/2012 - 12:52 | 2815376 slaughterer
slaughterer's picture

Texting Simon Potter: "Get to Fucking Work!  Signed, BB"

Thu, 09/20/2012 - 12:55 | 2815397 slaughterer
slaughterer's picture

it is only 12:52 and I am getting drunk already next to Kass's office in Sarasota.  Kass is "religiously short" and on margin obviously.  Next to Bidermann, I can think of nobody who stands to lose as much as he if the ES tests 1530-1560 before the 'lection.   

Thu, 09/20/2012 - 12:56 | 2815398 Dr. Engali
Dr. Engali's picture

Has anybody seen Corzine lately? I've been meaning to talk to him.... I need some "advice".

Thu, 09/20/2012 - 12:59 | 2815407 slaughterer
slaughterer's picture

Saw Corzine on the beach with a semi-chubby Italian_american woman half his age.   I think some Paparazzi loaded the images to the web.  Corz' looked kind of down.  

Thu, 09/20/2012 - 13:21 | 2815492 Squid Vicious
Squid Vicious's picture


Thu, 09/20/2012 - 13:31 | 2815526 slaughterer
slaughterer's picture

You know what? she definitely looked like "snooki" (definitely JOISEY GIRL, like ADRIANA on the Sopranos, but chubbier).   Would not hit that babe though when Lisa Falcone is alive and now available and desperately-seeking-non-Phil with the over-ride-nuptial-agreement button firmly pushed.  But what can Corz' do since MFukker got swallowed by the Whale?  He got to bottom pick the babes like the Red SOXX in Fort Myers at Babes stripper club.  

Thu, 09/20/2012 - 12:58 | 2815403 Ineverslice
Ineverslice's picture

Looks like a sinkhole in the middle of that Brooklyn street.


Thu, 09/20/2012 - 13:08 | 2815454 MiltonFriedmans...
MiltonFriedmansNightmare's picture

This just in.  The U.S. Federal Reserve has launced a bold new program, namely HFQE (High Frequency Quantitative Easing). This program will enable the Fed to inject additional liquidty, as deemed necessary by the Federal Reserve Board chairmain, at nanosecond intervals in an attempt to address the law of diminishing returns first detailed on an obsure financial website entitled Zero Hedge....full details to follow.....

Thu, 09/20/2012 - 13:23 | 2815496 Muppet Pimp
Muppet Pimp's picture

LOL. Had to log in just to up arrow that.  The fed may have to look at this, of course once they figure out how it works they would just signal QE a couple hundred times per second but withdraw the offer prior to it being utilized.  

Your comment reminds me of an article I read once mocking HFT that reccomended companys update earnings estimates on a nano-second to nano-second basis.  Tried to find it but could not, it was pretty funny.  


Thu, 09/20/2012 - 16:27 | 2816135 DeadFred
DeadFred's picture

Ben is not female

"they would just signal QE a couple hundred times per second but withdraw the offer prior to it being utilized

how did he come up with that idea?

Thu, 09/20/2012 - 13:30 | 2815522 Howdan
Howdan's picture

Hahaha that is one of the best comments I've ever read! So funny because if today weren't Thursday I'd believe it was true!

WTF is going on in Equity Indices by the way? WHO is propping up the markets? Very odd.............

Thu, 09/20/2012 - 12:59 | 2815410 spanish inquisition
spanish inquisition's picture

My friend Ben said he is going to buy $40B a month in MBS. Now that he has given me a list, I think am going to sell some shit to raise cash and start flipping MBS to the FED.

Thu, 09/20/2012 - 13:01 | 2815418 Squid Vicious
Squid Vicious's picture

Obama in-trade odds now 69.3%... bullish for businesses everywhere!

Thu, 09/20/2012 - 13:52 | 2815587 Nothing To See Here
Nothing To See Here's picture

"bullish for BIG business everywhere"

There, fixed you...  :-)

The rest of them can have breadcrumbs.

Thu, 09/20/2012 - 13:05 | 2815426 Mercury
Mercury's picture

Throw gold in there and you'll really see the odd one out.

Thu, 09/20/2012 - 13:05 | 2815436 Vincent Vega
Vincent Vega's picture

All is going exactly as Fuck You Bernanke planned.

Thu, 09/20/2012 - 13:08 | 2815453 fuu
fuu's picture

I lol'd.

Thu, 09/20/2012 - 13:11 | 2815464 slaughterer
slaughterer's picture

After I am done with Sauv Blanc I am raiding the IPA and calling it a day.  Sucks to be long WTI right now.  

Thu, 09/20/2012 - 13:31 | 2815533 PlausibleDenial
PlausibleDenial's picture

I thought my rhoids were acting up again only to find that,yes, it was the fucking bernake reaming my WTI position.  Shameless.  BTW @ slaughterer,  come over to Palm Harbor and let's continue the carnage.  

Thu, 09/20/2012 - 13:18 | 2815474 Squid Vicious
Squid Vicious's picture

trannies getting demolished AGAIN today... this is bullish right?

Thu, 09/20/2012 - 13:23 | 2815497 slaughterer
slaughterer's picture

BB killed Dow Theory and the whole dinosaur-Buffet-Buy-em-and-hold-em shit long ago.   Who gives a shit about the Dow Theory Tranny leading indicator when we have "Bayesian methods" for forecasting recessions.  The FEd has Dow Theory by the ballz and eating 3ft diameter meat lover pizzas.  

Thu, 09/20/2012 - 13:25 | 2815499 radwon
radwon's picture

Trannies approaching support at 4850 and divergent from S&P since June. In a real market, this would matter.

Thu, 09/20/2012 - 13:19 | 2815485 helping_friendl...
helping_friendly_book's picture

Mortgage rates are down to 3.5%

I'm not refinancing until I can borrow at 0.25% too!


Thu, 09/20/2012 - 13:26 | 2815506 Vincent Vega
Vincent Vega's picture

I'm not doing anything until they promise me unlimited financing for as long as I want it and let me declare the value of the home to be what ever I want it to be. Why shouldn't I get the same deal as the banks.

Thu, 09/20/2012 - 13:58 | 2815604 ThunderingTurd
ThunderingTurd's picture

I had this discussion with my wife last night.  I tried to explain to her that there is absolutely no reason to move until the 30-year is below 2.75%.  File this in the "Law of Unintended Consequences" folder.  She of course wants her big house and big yard yesterday.  I went to the safe and pulled out a few gold bars and said, "remember how you didn't think this was a good idea too?" 

Thu, 09/20/2012 - 15:15 | 2815862 MiltonFriedmans...
MiltonFriedmansNightmare's picture

I feel ya bro.

Thu, 09/20/2012 - 15:42 | 2815957 SilverIsKing
SilverIsKing's picture

I hope you then hit her in the head with a gold bar, got in the car, drove to your girlfriend's house, and screwed her silly.  Oh sorry, that was me.



Thu, 09/20/2012 - 15:33 | 2815934 LawsofPhysics
LawsofPhysics's picture

Hell, I am waiting for NIRP, then the bank will pay me to take out another business loan.

Thu, 09/20/2012 - 13:23 | 2815495 insanelysane
insanelysane's picture

Someone is propping this market big time.  We have triple digit positive days but triple digit negative days aren't allowed to happen.  Could the O campaign be having their wealthy donors buying stocks to prop the market???

Down only 20 points when every indicator has been down????

Thu, 09/20/2012 - 13:25 | 2815503 slaughterer
slaughterer's picture

The biggest head fake of 2012 is the legions of Wall Street SKUM donating to Mittens but voting O.  Mittens talking "I will fire BB and stop QE" was a MUCH bigger mistake than the 47% commet (which is entirely fuking TRUE!!!).  

Thu, 09/20/2012 - 14:19 | 2815670 Theosebes Goodfellow
Theosebes Goodfellow's picture

It won't matter, Slaughty, as numerically the WS crapsters can't swing enough votes to make a difference. And apparently Hopey, (love that name), does too.

Secret retirement plans: Does Obama expect to lose?

The source told WND that highly confidential internal polls conducted by the Obama campaign indicate Obama cannot win re-election, despite public surveys that show him in the lead.

DuJan at has been reporting that Michelle Obama’s mother, Marian Robinson, who is currently living with the Obama family in the White House, has been bragging about moving to Hawaii.

Says the First mother-in-law, "It was fun while it lasted,” quotes Robinson as saying, “but wait until you see the place they’re buying for Michelle and Barack!”

Thu, 09/20/2012 - 13:31 | 2815529 Squid Vicious
Squid Vicious's picture

PPT is polishing the turd that the Shalom just laid... can't have a quick reversal after that "courageous" policy move...

Thu, 09/20/2012 - 13:48 | 2815571 RSBriggs
RSBriggs's picture

The market will not be allowed to fall until AFTER November 6th.  Period.  Then, after oBullshit gets re-elected, watch out below.  A financial crisis and major socal restructuring is in the works.


Thu, 09/20/2012 - 14:03 | 2815619 gggunchi
gggunchi's picture

There is a ton of mystery money coming from somewhere to prop up this pig.  And its a LOOOOTTTTTT of money to prop up both Europe, and Japan, and the United States all at one time.  I wonder what institution the world over has this kind of cash . . . . 


Oh yeah, the American Fed.  So much for independence. 

Thu, 09/20/2012 - 15:19 | 2815886 MiltonFriedmans...
MiltonFriedmansNightmare's picture

Does Brian Sack and the PPT ring any bells?

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