One Depression, Two Depressions…Three…

JGB Blow up…Forced unwinds…Tepper “Greatness” - thousands of points down coming on DOW when JGB's hit critical mass for

Isn’t it obvious why Tepper is so bullish real estate…he’s totally confused…you can not make new homes with old JGB hedges and unwinds…

What we have going on is a dis orderly unwind…when large funds are long bonds they hedge short assets against them…when those funds are long JGB’s and they are getting crushed and forced sales they must also unwind positions that clearlyget Tepper all gushy and confused…the fundementals he’s referring to only exist in his imagination.

Borrow Money from FED, Reduce float, Increase Earnings per share = get huge bonus and sell shares…hmmm

But what will they do with all those pesky loans?

ohhh…and JGB’s too…apparnetly, though equities don’t think that QE tapering is important anymore, HYG and JGB’s really really do...

Some charts and some comments...

Japanese Government Bonds take out abenomics confidence shock lows...

Close up of NDX…seeds of doubt…How high is the P/E again?

JGB’s - Headless, Brainless, Spineless and Intergrity-less Central Planning…in action

As opposed to the below headline and article:

The loss of confidence in the second largest government bond market in the world, in Central Bank policy/QE and BOJ/FED have set up the markets for a disconnection

Nasdaq/NDX Distribution DOJI...

Below is an algorithmic analysis of the NDX doji pattern that we got today and how it looks historically…indicated with red dots where they occur

JGB’s are back and way down…kamikaze retard headless suicide mission right on plan...

Today’s drop could have had NOTHING to do with rumors regarding the FED’s QE and everything to do with loss of confidence in Japan/BOJ and most likely general central bank policy:

Looks like interest rates are going up for Japan Government Bonds…a previous post about the potential loss of confidence in central bank policy is here: Insanity…

10:00 pm: Yen is collapsing and JGB are too…as Japan rates go up…destabilizing to say the least.

1:00 am: JGB Free fall as Japan breaks its own bank…but no different from the FED, ECB or most any other central bank and thei suicide mission so far this year.

DOW - no comment required...

Insanity...

My expectations were for a broad based pullback before hitting the upper target on this broadening pattern. Obviously, for all intents and purposes, the target has already been hit - without any pullback. With the DOW lower, I expected a pullback first and possibly a end of the year pump to test. However, that would require central banks not be trapped, as they have been with gold and silver. Bonds are starting to tell a worrying story and may indicate that confidence in central bank financial stabilization programs has been breached. If that is the case, the central banks will not only be fighting tons of risk assets on their books, but also devaluing bonds. If bonds sell off and risk sells off, central banks are trapped - which is why I believe they have been talking their book recently. If central banks become trapped and this pattern can be marked as fulfilled then it will be very difficult for them to muster the strength to attempt to hit the upper trend line of the broadening wedge again...

below is a version using OHLC bars rather than line prices:

Greek Islands and itiotic central banks...

Never thought we would see these guys on one stage: Rogers, Ferrage, Paul...

FED has NO credibilty, no SENSE and no Plan…untested medicine and unintended consquences

The speakers make some excellent points about the FED’s QE being a liability for the economy.

I have pointed out many many times that the FED has directly been blowing bubbles in leveraged markets and actually hampering any real economic recovery for real people. Apparently, the FED did not see a 80% drop in oil after a 100+% risk in only a short time as an issue that it could have contributed to. Nor does the FED see the blood that it has on its hands in triggering the Arab spring which has been anything but. In fact, I wrote  post called “BURNanke has blood on his hands”. Since the FED and adjust the CPI and it can be remodelled by them at any time, they can eliminate any unfavorable data points at their whim…they are doing this in nearly every case in the last 30 years…thay are not understanding any of their manipulations and interventions.

The FED has "Over promised and Under delivered…” and it has been the chief lemming leading all the other lemmings right to the edge of the same cliff.
Below is key commentary excerpted from Kevin Walsh’s interview.

Commodities and Precious Metals - QE is not working…BURNanke doctrine has failed...

Today as yesterday, the Dollar is down .5+%, howver, most commodities are down too. 

What this really means is that Gold and Silver’s in ability to post green numbers, and big ones at that, demonstrates EXTREME weakness…to me this clearly has implications of how participants are thinking about QE and Central Bank policy, the economy and demand. To puts this in perspective the previously when the dollar dropped this much GOLD rallied tripple digits. And what precious metals are saying is that the deflation magnet shown in the relative performance (real-estate and credit recovery led S&P recovery remember) is pulling. Paper assets are exactly that paper…and worth less than real ones when one realizes that there is much too much malinvested credit around and not enough demand and real money.

Additionally, the public has officially been trained that gold and silver will only go up by the likes of Eric Sprott and others…if the public all over the world running out to buy any physical gold and silver they can find seems bullish to you…I have a bridge in manhattan that is available for let...

Meanwhile, Laszlo Birinyi and his fellow extrapolaters and linear projectionists have their rulers out and they are all pointed in one direction…and AAPL is still a short!

Prelude to a KISS…and not the good kind

Add to all the discombobulated patterns going on in this market that Spot Gold -0.1% Spot Silver -1.33%; Spot Platinum −0.36% and Spot Crude is down over $1.3 and the US Dollar DXY is down .45%. 

Add to that the Apple bond offering which has everyone bullish bullish bullish when in fact, the AAPL bond will be taking billions of dollars out of the market…that’s weeks of QE and its also likely not to generate sustained follow through for AAPL shares…things are just not adding up.

Education and Learning - do not require school, great expense or student loans…

…but desire for experience. the ability to see and try differently. to try. to create…