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Looks like he/she is comparing the correlation between pairs of stock measures...
Can this be edifying?
The SP Index is a stock (measured at A moment in time) what does this have to do with the price of commodities for instance?
Lets say you were going to measure and profile the level of a swimming pool that was being filled. Would you look at the price of a gallon of water? The weight of a gallon of water?
No, you would monitor the FLOW of water into the pool and try to correlate the level of the pool in a time series vs the FLOW of the water over the same time series....
a stock measure is a cumulative measure of a flow...
ZH1: How many miles have we driven over the last 12 hours?
ZH2: I dont know... let's compare our miles traveled with how much are we paying for a gallon of gas maybe that has something to do with it...
Suggest this Brad Pitt fetishist try to find an applicable flow to correlate with the SP index level....
The suggestion is that the rest of the factors are saying something about direction that the equities market isn't discounting yet.
The assumption is that equities can only deviate from fundamentals by so much for so long. But how much and how long is difficult to say.
"Markets can remain irrational a lot longer than you and I can remain solvent." — attributed to J. M. Keynes (as quoted in When Genius Failed (2000) by Roger Lowenstein, p. 123; actually from A. Gary Shilling, Forbes (1993) v. 151, iss. 4, pg. 236. source)
I think these people are paid by the miners to get out there and promote the metals 24/7/365..
iow an industry consortium could easily just get a few million of funds together and pay folks like Schiff , Rogers to just get out there and promote metals, hire an agent and get on these shows hosted by these morons who fawn all over them with not a challenge to what they continuously assert in the face of the contrary....
They are like sell-side people for the OTC metals market....
The definitive source imo is the Treasury's own Daily Treasury Statement:
https://fms.treas.gov/dts/index.html
Just look at what they have for mtd Total Withdrawals and subtract the amount they withdraw to redeem US Treasury securities... that leaves you with what they are "Net" withdrawing in $NFA for the given day/month/year...
9 comments:
Looks like he/she is comparing the correlation between pairs of stock measures...
Can this be edifying?
The SP Index is a stock (measured at A moment in time) what does this have to do with the price of commodities for instance?
Lets say you were going to measure and profile the level of a swimming pool that was being filled. Would you look at the price of a gallon of water? The weight of a gallon of water?
No, you would monitor the FLOW of water into the pool and try to correlate the level of the pool in a time series vs the FLOW of the water over the same time series....
a stock measure is a cumulative measure of a flow...
ZH1: How many miles have we driven over the last 12 hours?
ZH2: I dont know... let's compare our miles traveled with how much are we paying for a gallon of gas maybe that has something to do with it...
Suggest this Brad Pitt fetishist try to find an applicable flow to correlate with the SP index level....
The suggestion is that the rest of the factors are saying something about direction that the equities market isn't discounting yet.
The assumption is that equities can only deviate from fundamentals by so much for so long. But how much and how long is difficult to say.
"Markets can remain irrational a lot longer than you and I can remain solvent." — attributed to J. M. Keynes (as quoted in When Genius Failed (2000) by Roger Lowenstein, p. 123; actually from A. Gary Shilling, Forbes (1993) v. 151, iss. 4, pg. 236. source)
Tangent.
Schiff hawking gold "chocolate bars" for the upcoming collapse of the dollar.
Fox News naturally.
Http:///www.youtube.com/watch?v=bj33bWFODtE&sns=em
You can't make this stuff up.
wid,
I think these people are paid by the miners to get out there and promote the metals 24/7/365..
iow an industry consortium could easily just get a few million of funds together and pay folks like Schiff , Rogers to just get out there and promote metals, hire an agent and get on these shows hosted by these morons who fawn all over them with not a challenge to what they continuously assert in the face of the contrary....
They are like sell-side people for the OTC metals market....
rsp,
Tom,
I believe that once (if) govt reduces the rate of current $NFA injection substantially the equity index will probably go down a bit.
This is a key system flow. Therefore, macro-economists don't follow this flow.
The Macroeconomics Academe is not qualified... completely corrupt and in the dark....
Insight will lie outside the Macro Academe....
Suggest everyone flee from the Academy of Macro Economics and perhaps start a new Department.
rsp,
Tom-- Thanks for the reference regarding that quote by Shilling!
Matt-- Do you have any preferred source(s) for key system flows ($NFA and others)?
posting this to get email notification for posts on this thread
Dan,
The definitive source imo is the Treasury's own Daily Treasury Statement:
https://fms.treas.gov/dts/index.html
Just look at what they have for mtd Total Withdrawals and subtract the amount they withdraw to redeem US Treasury securities... that leaves you with what they are "Net" withdrawing in $NFA for the given day/month/year...
Taxes come later...
rsp,
Thanks Matt. I "Evernoted" this...
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