Tyler Durden's picture

The Market's Other "Panic Indicator" Just Went Vertical (Again)

The Nasdaq was the last great hope holding on to positive returns in 2015... until this morning.. and as Nasday went red YTD, panic-buying ensued slamming TRIN near record highs...

Tyler Durden's picture

Stocks Are Tanking - Nasdaq Gives Up All "Bullard" Gains

For a brief shining moment this morning, the lack of a total bloodbath in Asia, some desperate spin about how China is not collapsing, and a hawkish Bullard provided just what the market wanted - higher USDJPY and thus soaring stocks. Once Europe closed, the mysterious bid for the dollar (EUR offered) disappeared... and so did Nasdaq gains...

Tyler Durden's picture

Game Over

The game is over. The trend has changed. And the Fed knows it. The question is: What will it do about it? Roll-over or fight? But will it matter much if it fights? Janet Yellen clearly lost the crowd this week as “accommodative” was met with a resounding SELL as confidence has been shaken. Her job is now to win back confidence. Whether she can or not is now largely determined how the binary set-up we face here plays out. Bottom line: Bulls need a 1998 like repeat to save this year. How did the Fed manage the big correction in the Fall of 1998: It cut rates of course...Well, good luck with that this year.

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