Friday, September 30, 2016

Denialism Is A Lethal Bias

Do you know what this week reminded me of?

Capital trapped by delusional bullshit...

Price / Volume aka. "Liquidity"

Selling intensity with "Yield"

2008 Deja Vu: Short Covering Ahead of No Bid Market

Who will buy Deutsche Bank next week, Angela Merkel?

ZH: Sept. 30, 2016:

Shorts are covering on news of a pending Deutsche Bank settlement with the DOJ. Because bad news is good news once again...

DB is up 14% on hourly volume that is 1700% the 90 day average...

The stock is back to where it was last Friday. Today's half day volume already equals yesterday's full day mega-volume:

Oil short-covering due to OPEC circle jerk:

Small cap short-covering

S&P / R2K ratio:


Nasdaq 100 New highs

S&P % of stocks above 50 dma

Prechter needs to show up for work one of these days...

"Global Collapse Is A Buying Opportunity"

What else could it be?

"The modern market is effectively Keynesian with an Austrian tail"

"The International Monetary Fund might see Deutsche Bank as the "most important net contributor to systemic risks in the global banking system," but many experts and analysts in the industry are playing down comparisons with the dramatic collapse of Lehman Brothers eight years ago."

End of quarter "positioning" visualized:

aka. Why Deutsche Bank "can't be" Lehman:

Nasdaq 100 with cash balances:



Video games

Lockheed Martin


Brewery stocks



MW: Sept. 30, 2016
Post-Brexit, UK Stocks Turn In Best Quarter Since 2013


Thursday, September 29, 2016

Denialists Can't Afford To Be Wrong

Bailouts are considered anathema, and German officials in recent days have signaled an unwillingness to step in.

"The politicians in Germany aren't in position right now to do anything ahead of the election,"

The situation conjured dark images of the 2008 financial crisis — with the important caveat that the overall risks are nowhere near as great now as they were then.

Deutsche Bank weekly:

Global GDP (black) with S&P Earnings yield:

Two year Treasury with NYSE Composite

China (Shanghai, Aussie, Hong Kong) w/China GDP:

S&P downside gaps with Europe and Japan:

Skew / VIX ratio 

Nasdaq 100 with new highs

Money Flow

Selling pressure

Amazon versus Sears, Deutsche Bank, US 10 Year, Trade, Junk bonds


Canadian dollar with oil:

The Sum Of All Fools

Smash crash on deck...

See thick black line for today's liquidity drop:

Deutsche Bank:

Short covering. I mean oil:


More yield

Trend line

JPY aka. Overnight Risk