• Knave Dave
    05/23/2016 - 18:16
    This past Thursday marked the one-year anniversary of the US stock market’s death when stocks saw their last high. Market bulls have spent a year looking like the walking dead. They’ve...

Technical Perspectives: Global Markets Starting To Un-Hinge

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Thu, 09/22/2011 - 12:54 | 1697629 SheepDog-One
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Cool charts, I put them under the monitor lizard enclosure black lights...awesome.

Release the Kraken, abandon ye all hope, yadda yadda....

Thu, 09/22/2011 - 13:08 | 1697688 TruthInSunshine
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The action is broad and swift, just like it was back in 2008 - I remember those days well - except the fed funds rate was over 5% back then, which meant that The Bernank could cut rates about 19 times before getting to today's 0.25% fff, and Bernanke/Geithner/Paulson had not yet royally pissed off tens of millions of Americans by making false claims to transfer 5.2 trillion of taxpayer money to Wall Street & Banking Interests yet.

This isn't like 2008 at all, now that I think about what I wrote above, and with the very adverse bonuses of China contracting, the EU about to disintegrate (nothing will stop the political and cultural and economic rifts from growing greater over there), the banks still saddles with so much septic waste, and governments now loaded beyond the maximum weight of sovereign debt, doing the binge and purge; it's 10x worse than 2008.

Thu, 09/22/2011 - 13:08 | 1697707 redpill
redpill's picture

Them Bollinger Bands are starting to look like columns of projectile vomit.

Thu, 09/22/2011 - 13:12 | 1697724 BandGap
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Psychadelic Yawn

Thu, 09/22/2011 - 13:44 | 1697872 Thomas
Thomas's picture

Ong orange barrels.

Thu, 09/22/2011 - 15:44 | 1698463 11b40
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Yes. it is very much worse than 2008, Sunshine

As someone who swing trades with a short bias, I cleaned up in 2008....I mean REALLY made a killing between 2/08 & 3/09.  It was a long, bumpy ride, precisely because of many of the reasons you cite.

Now, I really don't know what to do.  This thing feels like it could just drop like a rock, leaving no time and no room to trade it (unless you can watch screens all day, which I can't do).  I went short again in July, and tightened stops on leveraged ETF's Tuesday.  Nothing stopped out.  These past 2 days popped me way up, & I want to take profits...but I see far more room on the downside & very little to give this market an upside bounce, until, or unless, the printing press is turned back on. 

This has the makings of an International finacial tsunami where everything is suddenly washed out....and forever changed.  We are truly in uncharted waters.


Thu, 09/22/2011 - 13:15 | 1697738 Joshua Falken
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Today is the day

look at The Global Dow index http://www.marketwatch.com/investing/index/GDOW/charts


the Dow Jones Transpotation Average see http://www.marketwatch.com/investing/index/DJt/charts

this is finally delivering Richard Russell's Dow Theory resumption of the primary bear trend  

Thu, 09/22/2011 - 13:24 | 1697784 TruthInSunshine
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Equity markets are back, on a nominal basis, to where they were 13 years ago, and on a real, inflation-adjusted basis, to where they were 26 years ago -

- and this doesn't even count the trillions in 'equity value' that went to $0 or pink sheet level, with those stocks being tossed out of the major indexes (ahem, part of the fraud that is the equity investing game), that aren't now even counted in the carnage tally, such as when General Motors was tossed out of the Dow, ultimately to reach $0, with the Dow being 're-jiggerd' (as it has so many other times) otherwise called 'survivorship bias (the "dirty" topic Jeremy Siegel will try and avoid speaking of at all costs).

Thu, 09/22/2011 - 14:14 | 1697984 Joshua Falken
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Have a look at Japan's Nikkei 225 which is 78% below its all time high 22 years ago

Remember also that the Dow Jones Industrial Index took until 1954 (25 years) to make a new high after the 1929 Wall Street Crash.

Global equity markets have only just started to price in the largest and most widespread debt crisis in the history of the planet.

When the S&P 500 finally bottoms out at 330 on a 6x PE in 2020, then we will be on the road to recovery



Thu, 09/22/2011 - 14:22 | 1698021 TruthInSunshine
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And you're pricing the Nikkei decline in nominal terms, too.

In inflation-adjusted terms, the Nikkei is probably down 94%+ from its 1989 peak.

The Vapors - Turning Japanese - YouTube
Thu, 09/22/2011 - 16:01 | 1698574 11b40
11b40's picture

Great points again, Sunshine.

If we could get you a slot on CNBC, you would be a big hit!

Or, maybe you should be on that new FOX financial station.  After all, they are fair & balanced, right?

Seriously, your summation above should be explained to everyone who even thinks about 'investing' in today's rigged stock market.

Thu, 09/22/2011 - 13:37 | 1697844 Spastica Rex
Thu, 09/22/2011 - 15:18 | 1698320 harposox
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Perfect – a dark voice for dark times.

Thu, 09/22/2011 - 13:46 | 1697878 Executioner
Executioner's picture

Awesome indeed SheepDog, you might like this

For those Germans out there, also check the DAX.


Thu, 09/22/2011 - 12:55 | 1697633 Little John
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In what is being called conciliatory gesture Fed Chairman Ben Bernanke has called for a meeting with Republican presidential candidate Rick Perry.  The outreach from  Bernanke comes as a surprise in light of Perry’s recent allegation that the Chairman’s monetary policies were “treasonous”. When asked the purpose of the meeting Bernanke said he just wanted to clear the air between the two,  and explain some of his policies.  “I’d also like to get his help in organizing one of those mass prayer things” said Bernanke.

Thu, 09/22/2011 - 12:56 | 1697644 SheepDog-One
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'Mass prayer'....so Bernank and all the other reptilians are off the coke and 16 year old hooker kick for now then?

Thu, 09/22/2011 - 13:19 | 1697746 Comay Mierda
Thu, 09/22/2011 - 12:59 | 1697657 Biggvs
Biggvs's picture

LOL, priceless.

Thu, 09/22/2011 - 12:59 | 1697658 SheepDog-One
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So Bernank wants to explain his policies to Perry....I wonder when Bernank will get around to explain his policies to the entire rest of the world?

Thu, 09/22/2011 - 13:04 | 1697683 DaveyJones
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Poor Ben. it's hard to explain what you don't understand

Thu, 09/22/2011 - 13:31 | 1697820 espirit
espirit's picture

It's about time for the wheels to come off, the tires were shredded along with the SEC documents long ago.  Can't keep riding on those Chinese rims at this velocity.

Crash, bitchez.

Thu, 09/22/2011 - 13:01 | 1697668 Helvidius
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Thu, 09/22/2011 - 13:17 | 1697748 YesWeKahn
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The problem is that Perry doesn't speak Monkayish.

Thu, 09/22/2011 - 13:18 | 1697754 Little John
Little John's picture

does anybody?

Thu, 09/22/2011 - 13:24 | 1697773 Bicycle Repairman
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Bernanke is just in the process of educating Parry, and anyone else who objects to printing, on why Bernanke prints i.e. one giant market crash.  Bernanke can count on the assistance of countless numbers of Parry constituents in the education process.  Expect a retraction from Parry in 3,2,1..........

Thu, 09/22/2011 - 13:33 | 1697834 Bicycle Repairman
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To my junker:  you may not like it, and I might not like it, but it is the way of things.  No politician is going to save you a$$.

Thu, 09/22/2011 - 13:07 | 1697635 Mr Lennon Hendrix
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I'll be buying silver at $33 with both fists.  If it moves to $28, I'll go all in.  This is just so fucking awesome!

Thu, 09/22/2011 - 13:24 | 1697785 Montgomery Burns
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Any idea who will be selling phys at those prices? Paper silver price down big today but actual purchase price ,not so much. (apmex ,gainesville)

Thu, 09/22/2011 - 13:42 | 1697867 tmosley
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Let's hope the physical prices come down.  As a buyer, I want to get the highest amount possible.  

Thu, 09/22/2011 - 13:47 | 1697882 scrappykoala
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Ummm wow you guys are willing to pay that much over spot??? Why? Go to a coin show some of them are a buck over spot which is practically the same thing. At most 3bucks above spot. Hell coin dealers. I never bother with the online stuff because their selection and prices are ridiculous plus thats a paper trail. Coin show no paper trail and close to spot.

Thu, 09/22/2011 - 12:55 | 1697639 LookingWithAmazement
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I'm optimistic that the markets will regain shortly. Problems solved, no Armageddon.

Thu, 09/22/2011 - 13:00 | 1697663 HelluvaEngineer
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Boring comments you post here

Thu, 09/22/2011 - 13:00 | 1697664 DaveyJones
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That's the thing about optimism, it's not evidence 

Thu, 09/22/2011 - 13:10 | 1697714 Mr Lennon Hendrix
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You are mistaking optimism for stupidity, my friend.

Thu, 09/22/2011 - 13:41 | 1697861 InconvenientCou...
InconvenientCounterParty's picture

Optimism and empathy are evidence you are human.

Stand in a circle and liberate the person on the left.

Thu, 09/22/2011 - 13:03 | 1697682 SheepDog-One
SheepDog-One's picture

Youre optimistic that markets will regain....Im certain the only tool they have is money printing, which is a total disaster and rejected by the world now. 

Bubble 50 P/E markets set for USMC boot camp haircut.

Thu, 09/22/2011 - 13:21 | 1697769 LynRobison
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Hopium is a strong drug, and you are apparently an adict.

Thu, 09/22/2011 - 13:25 | 1697792 fuu
fuu's picture

I must admit I was wrong yesterday calling your "gold will go down because no more bubblemoney is flowing in" comment the stupidest thing I had ever read on ZH. This post is the stupidest thing I have ever read on ZH.

Thu, 09/22/2011 - 14:03 | 1697931 mayhem_korner
mayhem_korner's picture

I am going to join the mia culpa bandwagon.  I said yesterday "wait until tomorrow" on gold.  Complete miss.


Wait a week or two, then... :D

Thu, 09/22/2011 - 12:58 | 1697646 tawdzilla
tawdzilla's picture

the markets will tank, the Fed will intervene, back to regular scheduled programming

Thu, 09/22/2011 - 13:14 | 1697730 Mr Lennon Hendrix
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The waiting is the hardest part

-Tom Petty

Thu, 09/22/2011 - 12:59 | 1697647 Edward Fiatski
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Look out below, the inverse coil spring is aboot to come undone!

Thu, 09/22/2011 - 12:58 | 1697652 Helvidius
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Just so I'm clear, this is bad, right?

Thu, 09/22/2011 - 13:00 | 1697665 marcusfenix
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Thu, 09/22/2011 - 13:15 | 1697734 Mr Lennon Hendrix
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Thu, 09/22/2011 - 13:25 | 1697793 Bicycle Repairman
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Thu, 09/22/2011 - 13:40 | 1697857 WonderDawg
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Not if you've been expecting it.

And Depends is what RobotTrader is soiling right now.

Thu, 09/22/2011 - 14:36 | 1698107 pain_and_soros
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I thought he was referring to being prepared with a well-stocked closet of those adult diapers....

Thu, 09/22/2011 - 14:58 | 1698222 RockyRacoon
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That would be a good commodity to stock up on, as well as other hygiene products!

Thu, 09/22/2011 - 13:23 | 1697780 LynRobison
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Bullish for stocks!

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