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Futures Open Down 15

Tyler Durden's picture




 

As we observed four hours ealier, the EURJPY-implied futures open suggested an immediate 15 points of downside. Sure enough, ES has just opened for trading some 15 points lower to start. Where it ends the overnight session, however, now that the NY Fed and BIS trading desks have both been called in for an emergency overnight session, is a different matter entirely.

 

"Risk" assets in general (as proxied by Capital Context's CONTEXT model) ended Friday notably divergent (and non-believing) from stocks... and now futures have caught back down...

 

It would seem equity futures are working their way back down to the level of risk T-Bills have been threatening. Cash treasury markets are not open yet but futures imply around a 2-3bps compression in yield - we can only imagine where T-Bill yields will break....

 

Charts: Bloomberg

 

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Sun, 10/13/2013 - 18:11 | 4051094 Racer
Racer's picture

No doubt a few middle of the night 'rumours'  of  'nearing a done deal' will be rumoured and re-rumoured

Sun, 10/13/2013 - 18:16 | 4051114 Haager
Haager's picture

Sell hgh (now) buy low (later). I don't think they'll present optimistic news first.

Sun, 10/13/2013 - 18:39 | 4051171 DoChenRollingBearing
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Futures prices for the rest of us:

http://www.sgxniftydowfutureslive.com/index_files/DOWFUTURES.htm

(Doing my Good Deed of the Day, a ZH-er showed me this site a long time ago)

Sun, 10/13/2013 - 19:26 | 4051313 malikai
malikai's picture

626 Javascript errors upon loading.

Wow!

Sun, 10/13/2013 - 21:03 | 4051563 DoChenRollingBearing
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Here's another (also given to me by a ZH-er):

http://finviz.com/futures.ashx

Sun, 10/13/2013 - 19:58 | 4051392 Uncle Sugar
Uncle Sugar's picture

Worked for me. Thanks.

Sun, 10/13/2013 - 18:41 | 4051181 knukles
knukles's picture

Look at it this way....

Probability of any great astounding deal getting done looks pretty negligible.
Business as Normal Wins the Day

Meaning no cuts of any significance to federal spending so the " What budget?" deficit stays high
The economy stinks in spite of the pom poms... kinda like the ObieDontCare rollout... Just fuckin' dandy, Andy.  After all the Krugster says it OK
Mrs Yellin is Jellin to print mo mo-ney to keep the "What employment?" rolls expanding

So there's no taper, crappy economy, earnings misses, the Global Currency Wars have Yet Begun (Note my watershed comment earlier) and earnings is gonna fall way short of forecasts...

Meaning....
Stocks are very vulnerable.
Gold should start responding positively at some point and
Bond rates should ease back lower.

aka... Nothing's Changed!
Except the Son et Luminere Show....

Sun, 10/13/2013 - 18:10 | 4051097 fonzannoon
fonzannoon's picture

If the Bernak keeps giving me so many opportunities to btfd pretty soon I will be fully invested and will have no fresh capital to deploy if.......oh shit.....

Sun, 10/13/2013 - 18:11 | 4051103 nmewn
nmewn's picture

This may take 40 billion digital transfers from a unicorns ass to correct.

Sun, 10/13/2013 - 18:49 | 4051214 knukles
knukles's picture

Pssssst
Dammit nmewn, barry specifically told you on Lloyd's orders to make sure you'd mentioned the rainbow colored Skittleshit transfers.... whadda we gonna do witchu?

Sun, 10/13/2013 - 20:42 | 4051499 nmewn
nmewn's picture

lol...I'm a hard case, they'll just have to work harder on it ;-)

Sun, 10/13/2013 - 18:12 | 4051105 I am Jobe
I am Jobe's picture

How to con others

 

 

TECHMore: Features Facebook Office Tour A Tour Of Facebook's Disneyland-Inspired Campus Where The Shops And Restaurants Are Free

Read more: http://www.businessinsider.com/facebooks-disneyland-inspired-campus-2013-10?op=1#ixzz2hduQQwLw

Sun, 10/13/2013 - 18:13 | 4051108 jubber
jubber's picture

Gold and Silver already being smashed down from that iniitail spike

Sun, 10/13/2013 - 18:32 | 4051152 Being Free
Being Free's picture

Stacking higher.

Sun, 10/13/2013 - 18:45 | 4051190 DoChenRollingBearing
DoChenRollingBearing's picture

 

 

Every American should be stacking higher.

Some numbers to consider:

-- The 170,000 tonnes of gold work out to about 1 oz / capita (world)

-- So, each Earthling "should have" 1 ounce...

-- If each American has 10 x (approx.) average world's wealth...

-- then each American should own 10 oz of gold

-- But, if only ONE person per family (say three in a family) buys gold

-- then each responsible head of family "should own" 30 oz...

***

How many American families own 30 ounces of gold?

Sun, 10/13/2013 - 19:57 | 4051388 Haole
Haole's picture

Karen Hudes (ex-senior council at the World Bank, etc.) recently did an interview on RT in which she said there is a lot more gold above ground than many realize.  She indicated that there is 170,000 tons being held in the Bank of Hawaii alone.  This sounds outlandish coming from a highly credible person like herself so I'm wondering whether or not there is any truth to this, if it's connected to some kind of Yamashita's Gold "myth", etc..?

 

http://www.youtube.com/watch?v=4hgA9j-4dB0

Sun, 10/13/2013 - 20:50 | 4051522 indygo55
indygo55's picture

Yamashita's Gold was likely stolen by Marco and family years ago. There may be some gold in Hawaii and Hudes may have ment 170,000 ounces not tons. 170,000 tons would be around 12,376,000,000,000 dollars worth and a massive logistical issue. That's way more than what the Yamashita Gold conspiracy was about. I just don't see how that number (170k tons) adds up.


Sun, 10/13/2013 - 18:38 | 4051168 Racer
Racer's picture

China backing up the trucks.... vrrrrooooooommmmmmmm.......

Sun, 10/13/2013 - 18:14 | 4051111 max2205
max2205's picture

So many out of the money puts looking for a bid.....

Sun, 10/13/2013 - 18:14 | 4051113 One And Only
One And Only's picture

Get to work Mrs. Chairman

Sun, 10/13/2013 - 18:20 | 4051120 wisefool
wisefool's picture

EDIT: redundant see above.

I'll bet Chuck Schumer is burning the midnight oil to make sure everybody is happy, and the newbie (Yellen) knows exactly what she needs to do when she "gets to work"

Sun, 10/13/2013 - 18:20 | 4051121 jubber
jubber's picture

LOL Silver already negative now 

Sun, 10/13/2013 - 18:24 | 4051137 fonzannoon
fonzannoon's picture

If they announce a deal pre-default PM's will be hammered.

If they default PM's will be annihilated.

If China announces it is dumping all it's treasuries and updating it's world gold holdings PM's will skyrocket.

 

Sun, 10/13/2013 - 18:34 | 4051162 hangemhigh77
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It's looking like China and the world are ready to take the US out.  War is coming people, it's the only card we have left to play.

Sun, 10/13/2013 - 18:54 | 4051223 knukles
knukles's picture

Whoa!  I still gots my EBT free shit card, Yo.
You go plays widyosef, muddah...

Sun, 10/13/2013 - 18:21 | 4051129 hangemhigh77
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I'm sure the free markets will open BRIGHT GREEN with the promise of a new more wonderful day and all problems are fixed.

Sun, 10/13/2013 - 18:41 | 4051180 pauhana
pauhana's picture

Please tell me there's a <sarc> in there somewhere . . .

Sun, 10/13/2013 - 18:47 | 4051206 A82EBA
A82EBA's picture

hes probly right

Sun, 10/13/2013 - 18:35 | 4051145 hangemhigh77
hangemhigh77's picture

Bernanke is in the basement with Mr. Yellin' training It.

Berstupid: "this is where you put the ink in. Load the paper in here. Turn on the power and press the green switch. You're done. Do this 24 hours a day, 7 days a week.I told you it's a hard job. Stay hydrated and eat a lot of protein bars."

Yellin': "What about my sex life?"

Berstupid: "That's disgusting. But if you actually do that, which I find amazing, there is a dog kennel out back you can keep your significant other in. Just don't be abusive. However, doing that with you is abusive to begin with! Please don't let anyone see they might turn to a pillar of salt."

Sun, 10/13/2013 - 18:34 | 4051158 JFKFC
JFKFC's picture

Rule 48?

Sun, 10/13/2013 - 18:38 | 4051172 Millivanilli
Millivanilli's picture

As long as Zirp is in place and POMO is pumping, da "markets" don't give a fuck.   

 

 

Sun, 10/13/2013 - 18:39 | 4051178 SumSUN
SumSUN's picture

Bought silver.  Doin' fine and sleepin' easy.

Sun, 10/13/2013 - 18:40 | 4051182 SumSUN
SumSUN's picture

Eating lots of popcorn these days.

Sun, 10/13/2013 - 18:49 | 4051210 tom a taxpayer
tom a taxpayer's picture

Futures likely to get better overnight knowing Miss McConnell will be driving Masters Reid and Obama.

Sun, 10/13/2013 - 18:52 | 4051218 A82EBA
Sun, 10/13/2013 - 18:59 | 4051232 Kaiser Sousa
Kaiser Sousa's picture

Dow 20,000...

Sun, 10/13/2013 - 19:00 | 4051234 shankster
shankster's picture

Nice to have plenty of beans in the basement.

Sun, 10/13/2013 - 19:50 | 4051379 knukles
knukles's picture

that sounds funnny

Sun, 10/13/2013 - 19:02 | 4051236 q99x2
q99x2's picture

FED set the indexes wherever they choose. Its a software selection.

Sun, 10/13/2013 - 19:04 | 4051245 thismarketisrigged
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s&p futures should drop 1000 pts and then we r close to fair value

Sun, 10/13/2013 - 19:38 | 4051308 Teddy Tenpole
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You have to admit that the scripting is quite clever.  Monkeyhammering futures overnight skews the risk/ reward for traders shorting the market.  The culmination of the weekend's fear mongering here  likely sucks in fresh shorts despite the clearly rigged tape signature.

Futures down 17, this is the crash! Marc Faber was right, I'm going short this f er!  I read 5 'articles' on how the system is going to crash any day now...

Do you boomer doomers trade as angrily as you blog?   ROTFLMFAO

 

 

 

Sun, 10/13/2013 - 19:43 | 4051357 akak
akak's picture

Too bad your sociopathic bankster father did not 'go short' on your syphilitic whore of a mother instead of giving her the full Bernanke.

Sun, 10/13/2013 - 19:51 | 4051369 knukles
knukles's picture

Just put on a Great Paired Trade.
Long Anger
Short Serenity

Looking for a crash in optimism, surge of pessimism, lots of volatility and angst.

actually I don't trade anymore because I'd answered a buncha Kenyan e-mails some years ago....

Sun, 10/13/2013 - 19:52 | 4051378 Itch
Itch's picture

Stop beating about the bush and tell him what you really think.

Sun, 10/13/2013 - 20:21 | 4051452 Teddy Tenpole
Teddy Tenpole's picture

 

 

LOL, why so angry?  pumping up for your trading day?

It's just another angry boomer doomer douche manic Monday, I wish it was Sunday, 'cause that's my fun day, my I don't have to run day...  hey akak -- you need to listen to more chick bands from the 80's

(and not that I'm telling you what to do)

this one will get you into the vibe:

http://youtu.be/kHngF_b3NuE

 

Sun, 10/13/2013 - 19:44 | 4051362 All Out Of Bubblegum
All Out Of Bubblegum's picture

When given the choice between losing out by holding devaluing paper or manipulated metal, I'll have to take the metal. I can get paper anywhere when paper returns to its original value.

Sun, 10/13/2013 - 19:58 | 4051396 Alpacanio
Alpacanio's picture

Questionto ZH'ers... What's the chances of China dumping 10-30% of US treasurey's in the next 24 hours?

Sun, 10/13/2013 - 23:22 | 4051843 Jethro
Jethro's picture

Hahahaha! Can you imagine MSM trying to spin that story? They'd pin it on the TEA party most likely.  

It's China's time. If I were them, I'd dump US debt too.

Sun, 10/13/2013 - 19:57 | 4051400 GrinandBearit
GrinandBearit's picture

LOL!

Futures will be back to even by the open.

Sun, 10/13/2013 - 21:01 | 4051542 Julian
Julian's picture

It's so predictable anyone can make money out of this market.  Over next three days markets will be talked down by bankster whores looking for a short correction so they can take profits from the retails suckers, retail investors  will sell, DJIA willl fall rapidly (300pts just to make it  grab retail attention but nothin too serious?) then by Friday leading into weekend another rally where retail will comeback into the market - meanwhile wall street just continue to hoover money from the retail suckers not only on commissions but from their buy high sell low strategy.

Mon, 10/14/2013 - 01:51 | 4051995 Trampy
Trampy's picture

It's so predictable anyone can make money out of this market.  Over next three days markets will be talked down by bankster whores looking for a short correction so they can take profits from the retails suckers, retail investors  will sell, DJIA willl fall rapidly (300pts just to make it  grab retail attention but nothin too serious?) then by Friday leading into weekend another rally where retail will comeback into the market - meanwhile wall street just continue to hoover money from the retail suckers not only on commissions but from their buy high sell low strategy.

Julian, Really?  You're just blowing methane out of your ass like all the other faux traders here such as Tyler Durden.  At least he's smart enough to know that he can't predict the future.

"Retail" left the stock market a long time ago, back when you might have been trading, like maybe leading up to the Y2K bubble ... if you were even born then.

I'll bet you don't have a funded futures account, or if you do there's not enough margin to trade TF. 

 

 

Mon, 10/14/2013 - 05:09 | 4052104 Julian
Julian's picture

yeah, youre right, I'm a complete moron who barely has the right to tread this earth when such illustrious fucks as your self inhabit this planet.

Mon, 10/14/2013 - 01:11 | 4051970 Trampy
Trampy's picture

Best way to trade ES is to write options on it.

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