NASDAQ
Angry Bond Insurers Sue Puerto Rico Over "Clawback" Boondoggle
Submitted by Tyler Durden on 01/09/2016 15:15 -0500“The commonwealth has committed itself to a ‘scorched earth’ strategy of blaming its fiscal and structural problems on lenders, Congress and others, in an effort to deflect responsibility and obtain retroactive application of bankruptcy laws.”
Market Massacre: Worst Ever First Week Of Trading
Submitted by Tyler Durden on 01/08/2016 19:03 -0500US Futures Lose Overnight Gains; Dax Back Under 10,000 As Chinese Market Bailout Fizzles
Submitted by Tyler Durden on 01/08/2016 06:56 -0500- Aussie
- Bond
- China
- Circuit Breakers
- Consumer Credit
- Copper
- CPI
- Crude
- Crude Oil
- Equity Markets
- Fail
- fixed
- France
- Germany
- Initial Jobless Claims
- Iran
- Japan
- Jim Reid
- KIM
- Mexico
- NASDAQ
- Natural Gas
- Nikkei
- North Korea
- Price Action
- Primary Market
- recovery
- Saudi Arabia
- Shenzhen
- Time Warner
- Trade Deficit
- Unemployment
- Volatility
- Wholesale Inventories
- Yuan
The half-life of the latest "market supporting" intervention by the Chinese government: just about 12 hours.
Dow Dumps 1200 Points From Holiday Highs, Nasdaq In Correction As Steeper Yuan Collapse Lies Ahead
Submitted by Tyler Durden on 01/07/2016 13:38 -0500Remember 'The Santa Claus Rally' that Bob Pisani said "we should expect" - well The Dow is now down over 1200 points from the highs just before the end of the year and extending those losses as Reuters reports, PBOC advisors are said to call for steeper yuan depreciation, pressuring the government to depreciate by 10-15%.
Stocks Plunge To 3-Month Lows Amid Crude Carnage, Chinese Currency Collapse
Submitted by Tyler Durden on 01/06/2016 17:04 -0500With Stocks in Freefall, Nasdaq Breaks...
Submitted by Tyler Durden on 01/06/2016 15:01 -0500They tried to slam VIX (and failed). JPY was sold (but failed). And Crude was temporarily ramped (but failed). So how do you stall a sell-off - BREAK THE MARKET AGAIN!!
Just Out From Evercore ISI: "Sell All Rallies Down To 1900"
Submitted by Tyler Durden on 01/06/2016 13:57 -0500"With the macro backdrop more vulnerable today than at any time since the financial crisis, and the S&P 500 and NASDAQ still near all-time highs, we anticipate a downside move to 1900 on the S&P within the first two months of the year. We reiterate our view that Crude and Energy remain structurally broken and possess significant downside from current levels which will only agitate and exacerbate the ongoing collaps."
A Disturbing Warning From UBS: "Buy Gold" Because A 30% Bear Market Is Coming
Submitted by Tyler Durden on 01/06/2016 13:35 -0500As Wall Street axioms (Santa rally, January effect, as goes January etc.) are rapidly falling by the wayside at the start of 2016, following a chaotic but return-less 2015, the UBS analysts who correctly forecast last year's volatility are out with their forecast for 2016. It's simple - Sell Stocks, Buy Gold... expect a Fed u-turn.
US Equity Collapse Erases All Post-QE3 Gains As FANTAsy Stocks Plunge
Submitted by Tyler Durden on 01/06/2016 09:31 -0500But, but, but... it's not a market-driven only by The Fed, right?
The Carnage Returns: Stocks Tumble After Sharp Chinese Devaluation; Brent At 2004 Lows; Gold Surges
Submitted by Tyler Durden on 01/06/2016 06:55 -0500- Apple
- Bank of Japan
- Bear Market
- Bond
- China
- Citigroup
- Consumer Confidence
- Copper
- CPI
- Crude
- Crude Oil
- France
- Germany
- headlines
- High Yield
- Holiday Cheer
- Hong Kong
- Italy
- Japan
- Jim Reid
- Kyle Bass
- Kyle Bass
- Markit
- Middle East
- NASDAQ
- Nasdaq 100
- Nikkei
- North Korea
- Price Action
- RANSquawk
- Reuters
- Shenzhen
- Trade Balance
- Unemployment
- Wall Street Journal
- Yen
- Yuan
Before we go into details of the overnight carnage, this is where we stand currently: S&P futures now down 33 points or 1.63% while 2Y Treasury rallies pushing its yield back below 1% as EU stocks extend their drop after China weakened its currency, North Korea says it tested a hydrogen bomb; Brent crude falls to lowest level since 2004.
Dow Swings 1000 Points In 24 Hours As Crude Carnage Continues
Submitted by Tyler Durden on 01/05/2016 17:02 -0500The Big Short is a Great Movie, But...
Submitted by rcwhalen on 01/05/2016 11:00 -0500- Alan Greenspan
- Apple
- Arthur Levitt
- Bear Stearns
- Bond
- CDS
- Commodity Futures Trading Commission
- Corruption
- Countrywide
- Credit Default Swaps
- default
- Federal Reserve
- Gretchen Morgenson
- Housing Market
- Institutional Investors
- Lehman
- Lehman Brothers
- Market Share
- Meltdown
- Michael Lewis
- Morgan Stanley
- Mortgage Loans
- NASDAQ
- New Century
- New York Stock Exchange
- None
- OTC
- OTC Derivatives
- program trading
- Program Trading
- Subprime Mortgages
- Wachovia
- Washington Mutual
Derivatives like credit default swaps turned a mere bubble in the US housing market into a global financial catastrophe...
What Comes After The Commodities Bust?
Submitted by Tyler Durden on 01/05/2016 10:57 -0500The one thing executives should have learned in 2015 is that Wall Street can for long periods of time remain disconnected from fundamentals and can swing to extremes. Another lesson from 2015 is that OPEC can no longer be relied upon to set prices. Thus, the debt fueled financing boom in the shale space will most likely never return. This is especially true now that there are clear signs that the U.S. economy is weakening while the Fed chose to raise the federal interest rates in December. As we move through 2016, expect a rash of bankruptcies tied to this transition to lower leverage, and towards the latter half of 2016 there will likely be a steep fall off of production.
Late-Day Buying Panic Saves Stocks From Worst Start To January In 84 Years
Submitted by Tyler Durden on 01/04/2016 17:33 -0500Pretend To The Bitter End
Submitted by Tyler Durden on 01/04/2016 14:45 -0500- Afghanistan
- Bernie Sanders
- Bond
- BRICs
- China
- Corruption
- CRAP
- Detroit
- Donald Trump
- ETC
- Eurozone
- Federal Reserve
- Ford
- France
- Germany
- Global Economy
- Goldilocks
- Great Depression
- Greece
- High Yield
- Iran
- Iraq
- Israel
- Italy
- Japan
- KIM
- Middle East
- NASDAQ
- Nicolas Sarkozy
- Nomination
- North Korea
- Portugal
- Racketeering
- Reality
- recovery
- Saudi Arabia
- SWIFT
- Turkey
- Ukraine
There’s really one supreme element of this story that you must keep in view at all times: a society (i.e. an economy + a polity = a political economy) based on debt that will never be paid back is certain to crack up. Its institutions will stop functioning. Its business activities will seize up. Its leaders will be demoralized. Its denizens will act up and act out. Its wealth will evaporate. Given where we are in human history - the moment of techno-industrial over-reach - this crackup will not be easy to recover from. Things have gone too far in too many ways. The coming crackup will re-set the terms of civilized life to levels largely pre-techno-industrial. How far backward remains to be seen.







