ZH: Feb. 3, 2016
Central Banks Can Save Markets At The Push Of a Button
Like they did in china:
It's this enduring fake-believe in the invincibility of Central Banks when collapse is already occurring in broad daylight, that will lead to the biggest volatility explosion in human history. Just because Central Banks buy (some) risk assets doesn't make them worth anything. If they paid a trillion dollars for a rock it doesn't mean the rock is now worth a trillion dollars. Holy fuck. Liquidity is not solvency, something today's Bernie Madoff generation is about to discover.
"At least 40 stock markets around the world with a total value of $27 trillion are in bear territory, as investors witness the worst start to a year on record."
Commodities are at a four decade low
Submerging Markets down -34%
Oil collapsing every day
"Don't worry, be happy. Whatever you may think, this is not 2008 all over again..."
This era's Lehman Moment was the global currency devaluation, but the Idiocracy slept through it...
Global Dow: Pure coincidence...
U.S. Stocks with volatility: "This isn't happening..."
Emerging Market collapse, easy does it...
Average U.S. stock at Lehman levels (52 week range). Buying opportunity...
Dow Transports, momentum at Lehman lows. Business as usual...
Oil inventories at all time high amid oil collapse, you got this...
Rydex asset allocation pump and dump. Janet Yellen will buy your Netflix...
Russell Dow Ratio. I'm not listening...
New lows...coincidence...
NYSE distribution. Another coincidence
Junk bonds...are a small part of the credit market (and 100% of the Energy market...)
Treasuries: are not trying to tell us something this time...
"Because it can't happen to me"
U.S. deflation: TIP:Treasury ratio
Russell 2000: "These losses are only on paper"
Leveraged Loans: When this hits zero, Central Banks will buy it back up in value...
Yen carry: This always led to implosion before, but not this time...
NYSE Composite: We've seen this before, I just can't remember when...
