• GoldCore
    07/30/2014 - 18:58
    “But long term...and economic law says, if you keep printing a lot of paper money, the value of the dollar and currency will go down, and things and most prices will go up and indeed gold always goes...

Jim Cramer

Tyler Durden's picture

3 WTF Charts





Something doesn't add up...

 
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CNBC Viewership Drops To Lowest Since 1997, Cramer Has Worst Month Ever





According to the latest Nielsen Media Research data, in the second quarter of 2014, CNBC viewership for all viewers just dropped to 162,000 - a new (and depressing for Comcast) low, on par with CNBC's viewership from Q2 of 1997! Where things get funny is when one looks at the ratings of that consummate entertainer, that self-appointed "voice of the people", Jim Cramer. Sadly for Cramer, the people are now gone. Because also according to Nielsen Jim Cramer's Mad Money show just had its lowest ever rated month in the 25-54 demo, and is about to have its second lowest rated month ever across total viewers.

 
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Precious Metals Have Best Week In 4 Months As VIX Plunges To Cycle Lows





Fear - or no fear. VIX was monkey-hammered to fresh cycle lows at 10.34 today (still double-digits for now) and OPEX lifted US equity markets (Dow Industrials, Transports, and S&P) to new record highs. Notably European peripheral bond spreads jumped higher (worsened) by their most in 15 months this week. "Most shorted" stocks rose a massive 4.6% this week (surging this afternoon) - the biggest squeeze in 14 months. The USD lost ground (-0.4% on the week) led by EUR strength as JPY closed unch (hardly supportive of the 2% gain in the high-beta honeys this week). Treasuries were nothing like as exuberant as stocks this week (30Y +3bps, 5Y unch) having traded in a 10-11bps range all week. The ubiquitous late-day VIX slam forced stocks to all-time highs. Precious metals had their best week in 4 months closing above $1300 (gold) and $20 (silver) back at 2 and 3 month highs respectively and pushing gold above the S&P year-to-date.

 
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"What Could Possibly Go Wrong?"





While Janet Yellen yesterday explained that low levels of realized and expected volatility in financials were not a signal of complacency; we suspect, like The Fed's Bill Dudley, some are concerned she is talking out of her academic ass... As JPMorgan warned, volatility currently is entirely dislocated from fundamentals, and the day of realization is approaching...

 
StalingradandPoorski's picture

What Growth?





So here we are yet again, another FOMC day, and more new ATH's as Yellen goes on to say that all is well, the economy is growing , and that she doesn't see a bubble in the stock market

 
Tyler Durden's picture

Guess What Happens Next?





Now where have we seen this before? Who could have guessed that the weather-induced rebound exuberance would be slowly but surely reduced? US Economic Forecasting - where New Year's hopes go to die...

 
Tyler Durden's picture

The Real "Wealth Effect"





When the masses just won't play along and BTFATH (with only central banks buying), the real 'wealth' transfer is much more insidious (and more voting)...

 
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Lest We Forget, It's Tuesday





With an hour left in the trading day and stocks surging impressively on absolutely no positive catalyst whatsoever (hawkish inflation, dismal housing data, Baghdad under attack, Ukraine terrorism) apart from higher bond yields, we thought a gentle reminder of what day of the week it is would help those looking for some sanity in the entirely rational "markets" that are not only unrigged by HFT but are also unrigged by massive insider trading...

 
Tyler Durden's picture

"X" Marks The "Irrational" Spot





Fed's Williams recently warned of "irrational" investors getting "carried away" by "assuming a pattern (rising stocks) will persist." If financial stability is really the Fed's concern then one look at the chart below shows they have totally and utterly failed...

 
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Oil Soars, Stocks Slide On Fears Of Iraq 3.0





It seems blood on Iraq streets and infringements near oil reserves is enough to pop crude oil price, break the airlines bubble, stall the Trannies unstoppable surge, and spark volume selling through the US equity markets. We will be reassured that this is a buying opportunity and that 'nothing fundamental has changed' and the US is 'the cleanest dirty shirt' but when the Chinese are tamping down carry with flip-flopping CNY fixes, the ECB has shot his mini-bazooka, and we know the Fed ain't un-tapering anytime soon (as they are fearsome of complacency and financial fragility), it makes one wonder if the corporate buyback machine can overwhelm the geopolitical-risk selling pressure of the rest of the world. Trannies dropped to their worst day in 4 months as all major US equities reversed any Draghi gains. Treasuries were well bid (-6bps and lower in yield on the week) as gold also benefited from safe haven status rising up to $1275. Copper slipped further south. Oil was the big news, spiking up to $106.70 (9 month highs). It's not Tuesday - what did you expect? (and remember there are no Friday POMOs in June).

 
Tyler Durden's picture

Destroying The "But Everyone's So Negative, Stocks Can't Drop" Meme In One Chart





Day in, day out, we hear it... It's "the most unloved rally"; Stocks are in "the Rodney Dangerfield rally"; there's still all the "money on the sidelines." Well, it seems, judging by Investors Intelligence surveys of those "not bullish" (bearish or expecting a correction), that investors have never (ever) been more lovingly, respectfully, all-in with this rally... (but that's just the facts speaking - not the asset-gathering, always stay long, commission-snatching soundbites).

 
Tyler Durden's picture

Late-Day Buying Scramble Keeps Tuesday Dream Alive For Stocks





"Treasury-selling" Tuesday came and went and for the 2nd week in a row, bond yields rose (+2-3bps) following the 7th losing Monday in a row. Equity markets languished amid dismal volumes but were rangebound all day apart form AUDJPY and VIX-driven pumps to try and close green and keep the Tuesday dream alive (and the running count of new all-time highs). The USD jumped once again as EUR tested lower (near Draghi spike lows). Gold and silver saw a squeeze higher at the open this morning and maintained gains (as fears of CCFD unwinds spread) but copper rose as WTI crude touched 9-month highs then reversed sharply lower. As we forecast this morning, a mid-day VIX plunge and late-day JPY tumble (and another VIX plunge) sparked just enough exuberant buying panic among the machines to manipulate stocks to a green close and save the Tuesday plan. Stocks have fallen only 2 days in the last 3 weeks...

 
Tyler Durden's picture

Europe's Good, Bad, & Ugly Reality (In 3 Simple Charts)





Mario Draghi unleashed his ultimate "spend-it-all-now-or-you'll-lose-it" Keynesian demand-pull bazooka this week when he went full negative-rate-tard. While plenty of time has been spent discussing the "low-flation" and the total lack of credit creation (Keynes ultimate kryptonite), we thought the following three charts might bring home just how entirely broken (and dependent) Europe's economy/market has become...

 
Tyler Durden's picture

Hope & Change; But White Men Still Can't Work





There's always 'hope' but nothing ever changes...

 
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What's Wrong With This Picture?





This is your Federal Reserve on drugs...

 
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