Tyler Durden's picture

"Ukraine In Very Dangerous Situation", No Lethal Assistance Coming Says White House

First it was the Russians who repeated they are "deeply concerned by the deaths in the Ukraine," and now it is the turn of the White House, through its  speaker, Jay Carney, to chime in as well:

  • RUSSIA DIRECTLY, INDIRECTLY SUPPORTING PROVOCATIONS: CARNEY
  • UKRAINE HAS TO RESPOND TO PROVOCATIONS IN UKRAINE, CARNEY SAYS
  • UKRAINE IN VERY `DANGEROUS' SITUATION, CARNEY SAYS

And yet, despite all the priase, Ukraine is on its own.

  • U.S. NOT CONSIDERING LETHAL ASSISTANCE TO UKRAINE, CARNEY SAYS

In other words, as we said last week, if it is Ukraine's gambit, that its allies will come to its rescue upon a lethal escalation and provocation, "it will be sorely disappointed." It seems Ukraine is about to figure this our first hand.



Tyler Durden's picture

The Alienation of Work

Rather than rely on centralized states and corporations to organize labor and capital, collaborative networks can do so without alienating workers from their work and disrupting the sources of meaning. The emerging economy is opening up new ways to reconnect workers to their work and the profits from their work. These include traditional models such as self-employment and worker-owned cooperatives and new models of collaborative project-based work.



Tyler Durden's picture

Two Very Different Views On Soaring Food Inflation

Two rather amusing, and quite opposing views on surging food inflation (recall that as we first reported beef prices are at record high), which was confirmed by this week's PPI and CPI reports: one from Goldman, the other from IHS Global. We let readers decide which one is right... and which one will determine the Fed's "thinking" about soaring good inflation.



Tyler Durden's picture

European Stocks Tumble As Investors Rush Into "Safe Haven" Italian Bonds!?

Consumer confidence slumps in the core and Ukraine fears weighed heavily on European stocks despite getting a push from the insanity in US equity markets this morning. Europe closed at their lows of the day led by Italy and Portugal stocks fading fast. It would appear that these worried investors greatly rotated into safe-havens such as Italian government bonds - which broke to their lowest yield on record today... makes sense right?



Tyler Durden's picture

Russell 2000 Breaks Below Key Technical Level

For the first time since Novemeber 2012 (when QE4EVA was kicked off in style), the Russell 2000 - that long-heralded indication that everything is great in the US economy and the indicator that stocks are great at discounting the future that is undoubtedly rosy - has broken back below its 200-day moving-average. In the meantime, an oddly dominant algorithm is swamping options markets with millions of fake orders..."rigged?"



Tyler Durden's picture

Su-27 Fighter Jet Above Kramatorsk Caught On Tape

Obama really needs to explain the meaning of the word "costs" at least one more time.



Tyler Durden's picture

Unidentified Fighter Jets Open Fire On Kramatorsk Airfield, Casualties Reported

Things in east Ukraine have spiraled out of control. Moments ago Itar Tass reported that there has been a shoot out at the separatists-controlled airport in the city of Kramatorsk where according to on the ground witnesses,  four Su-27 fighter jets have allegedly opened fire at the local airfield. It is unclear who the unidentified warplanes belong to although Itar Tass notes that one of the jets was allegedly taken down, so there should be confirmation shortly. Eyewitnesses also add that there are victims and an ambulance has been sent to the scene. Itar-Tass also adds that according to the newspaper "News Kramatorsk" three helicopters were circling over Kramatorsk.



Tyler Durden's picture

And Now Market Tumbles, As News Of Ukraine Deaths Spook Algos

Despite the best efforts of the straight-line panic buying algos on a Tuesday, it seems flashing red headlines of dreadful escalations in Ukraine (more deaths), from Bloomberg:

11 REPORTED DEAD DURING UKRAINIAN OPERATION IN KRAMATORSK: RT
UKRAINE GOVT: RUSSIAN 45TH AIRBORNE IN SLOVYANSK, KRAMATORSK

...and USDJPY tagging 102 again (of course) were enough to spark the manic idiocy of markets from buy-buy-buy to sell-it-all-Mortimer... So much for yesterday's "see it's all good now" ripfest... The Russell 2000 is back at yesterday's lows and NASDAQ is back under 4000.

 



Tyler Durden's picture

Will Terrific Tuesday Hold Once Again?

For the 11th week this year, US stocks are higher on the most fundamentally bullish combination possible in today's markets... a Tuesday open... Absent the exuberance of Turnaround Tuesday (which appears to have been discounted into Manic Monday yesterday afternoon), the S&P would in correction territory (down over 10% in 2014). The question is... will today be any different?



Tyler Durden's picture

Homebuilder Confidence Misses For 4th Month In A Row

NAHB confidence missed expectations once again - the 7th miss in the last 8 months - as the 'hope' priced into this index is eroded and collapses back to the reality of actual sales. The index was up very modestly but all thanks to yet more "hope" as Future (expected) single-family sales expectations rose to 57 (the highest since Jan). The Northeast saw prospective buyer traffic rise while all other regions fell with the West collapsing.



Tyler Durden's picture

Watch As Donetsk Locals Stop A Ukraine Tank

Something tells us this will not get as much footage as the infamous "tank man" stand off on Tiananmen Square.



Tyler Durden's picture

Ukraine Troops, APCs Storm Occupied Slavyansk

As we reported earlier, Ukraine finally unleashed a military action to the "pro-Russian separatists" in "pro-Russian separatist" occupied Slavyansk and other east Ukraine towns. And now, we get to see it in action. From Bloomberg:

  • UKRAINE UNITS STORMING CITY HELD BY PRO-RUSSIAN PROTESTERS: RIA
  • UKRAINIAN TROOPS, APCS ENTER SLOVYANSK, RIA SAYS
  • MILITARY STORM AIRFIELD IN E. UKRAINE, WOUNDED REPORTED: RT
  • UKRAINE GOVT: RUSSIAN 45TH AIRBORNE IN SLOVYANSK, KRAMATORSK

The response by Putin, who has repeatedly warned against precisely this escalation, is now expected momentarily.



Tyler Durden's picture

The S&P 500 Enters "Vertical Straight Line Up" Formation

The comedy from yesterday continues. Sure enough it is market open on a Tuesday (remember - the market never goes down on Tuesday) - the two most bullish catalyst to momentum ignition vacuum tubes. The rest is indescriminate panic buying history.



Tyler Durden's picture

Gold Futures Halted Again On Latest Furious Slamdown

It seems the two words "fiduciary duty" are strangely missing from the dictionary of the new normal's asset management community. This morning, shortly before 8:27am ET, someone decide that it was the perfect time to dump thousands of Gold futures contracts worth over half a billion dollars notional. This smashed Gold futures down over $12 instantaneously, breaking below the 200DMA and triggered the futures exchange to halt trading in the precious metal for 10-seconds. Palladium also got clobbered and was also halted. This is gold's worst since Bernanke 'tapered' in December.



Tyler Durden's picture

GMO Shows Why BTFD In Small Caps Is Dead (In 1 Simple Chart)

The future for US Small Caps is not a bright one, according to GMO. While High Quality US equities are expected to return a meager 2.1% annually over the next 7 years, Small Caps have become so egregiously over-valued that GMO's forward-looking estimate of Small Cap performance is a dismal 4.9% annual loss over the next 7 years (compared with a 6.5% annual return average for broad US equities). It seems the BTFD easy money has been made in this bubble...



Do NOT follow this link or you will be banned from the site!