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Stocks Drop 4% From Their All Time Highs And This Happens....
One couldn't make this up:
- S.KOREA TO HOLD EMERGENCY MEETING ON JAN. 26 TO DISCUSS MARKETS
Bloomberg has the details: South Korea Vice Finance Minister Choo Kyung Ho will host an emergency meeting tomorrow at 11 a.m. with counterparts from Bank of Korea and financial regulators to discuss market instabilities in emerging economies including Argentina, ministry says in text message.
So what happens if there is a, gasp, 5% drop from all time S&P500 highs - Janet Yellen shows up on every TV channel and tells broke viewers now is the time to buy stocks and pay for them in 4 easy installments using their favorite EBT card. What about a 10% correction: the army gets mobilized? And should the unthinkable happen and the centrally-planned "market" crash by 20% then nothing short of DefCon 1 and a 24/7 curfew would be acceptable.
We joke, but this is what happens in a time when the "confidence" of the entire world is defined by the daily move straight line higher in the S&P, and the tiniest derivation from this path results in sheer panic.
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Something wicked this way... is getting Corzined...
Anything but that! Both the New Jersey population and his hedge fund investors are still bearing scars from their rectum.
I think we should water board him until he gives up all his secret bank accoiunts so we can give them back to the customers; and then kill him.
Coordinated currency devaluations to protect their dollar denominated assets in response to FED easings?
What a bunch of fucking wusses the world has become.
Lol. Everyone inside and outside government all over the world knows something is terribly wrong and the system is horribly fragile.
Excess debt and chronic decades-long capital misallocations and loss of confidence is the powder, a bank failure, stock market drop, or busted Chinese trust could be the match.
Hence the panic. No one really knows for sure if or when the house of cards tumbles.
I hope everyone realizes this is all contrived so the oligarchs can steal the money from all of the bank deposits, collapse the economies so they can steal all of the pension / 401K funds, declare martial law, restrict access to necessities / mobility, etc. This is the turning point to the breakdown many of us have been expecting for many years. Too many stories about too many concerns about the health of everything. Every day new stories about predictions the market is overvalued, equities suck, banks dangerously levered, and outright corrupt. All of this is a storyline to legitamize what was planned, the great culling.
Good luck to everyone.
I don't know why anyone keeps money in the banks or CD's anyway at such low rates.
Fuck them. Take your money out. Put it in a safety deposit box if you don't feel secure keeping it under a mattress
you forgot to say; have a nice day.
If you were to compare the aggregate trading volume of this bull-on-steroids rally to the other merly cattle prodded runs in history, I bet you'll find that this melt up was accomplished on the lowest total volume in modern history -by far. When you factor in the inevitable increase in total shares available to trade due to IPO's and the like, and factor in the fevered pace of stock buy-backs and defacto stimulus, what you get is a market propped up on such a weak leg of this side of the market chair that any real scare is going to be like nothing we've ever imagined.
Hard to tell whether to lmfao or shoot myself: SO, all this 'money' got printed and shipped to the banksters. Since they didn't get jailed the first time around, they spent it doing the same things that crashed the globe 6 years ago. Oh, and bigger bonuses and salaries, but what's a few more billion? The whole trouble with the power structure is that they are so far removed from reality that they fit the prime definition of insane: doing the same thing over and over, expecting different results.
How y'all feel about pooling some fiat and hiring a mercenary army of Ukranians to come over and occupy Wall St.?
Oh, come on now; I'm sure it's as least as stable and well balanced as the average uni-cycle.
This is like a G.G. Allyn concert. People trampling one another to get out.
This seems to indicate that the rate of increase has to be maintained at this point.
As X goes to 2015 Y goes to infinity,
And if Y drops time does not reverse.
POOF.
As I mentioned in another thread the 1812ish level for the spider is fairly important in the short term. Volume picked up the last two days and the weekly close was below this level. You can bet your testicles bernyellen has soldiers studying every chart and every style of TA.
Laugh all you want but since 2009 every single time the market breaks support like this brings forward either verbal or literal policy. It will be interesting to see if they let this one flap in the breeze a little bit or if one or more CB goes all hands on deck jawbone Sunday night or Monday morning.
Look for a pop to 1812ish and a failure if no CB action.
Clearly the answer is to bomb the hell out of gold Monday.
Monday? Off to the dehydrator for another bag of powder. Ok, I'm ready. Bring it.
I dunno Bastiat - methinks sumptin's a foot. Heavy VOLUME on Friday - and no POMO pump at 3:30 - just more sell-off.
Profits can be made both ways. The trillionare cocksuckers finance both sides of wars. The douchebag press could begin the trillionares message of bleakness; it's all a-fucking ROUND them...
Planning to be at the controls when Asia opens Sunday - if only to watch..............
Jan. 26, a Sunday. Interesting how major market decisions are made or revealed after the Friday market close EST.
Enough time for those who know to get their ducks in line, and shoot them. The situation now reminds me of the 'Asian currency crisis' in the 1990s.
I think TD has Sunday banking. Who coulda knowed that was important.
Have they declared shorts terrists yet?
"Speculators", the new t-word....
Black swans a swarming.
"I love the smell of gold in the morning"
People are acting like we are down big or something, this is a normal correction as we shake out the weak hands before our push next month to 1900 and beyond!
why aren't you buying the dip?
You only BTFATH.
Jeroen Dijsselbloem
Now I'm confident.
http://dealbook.nytimes.com/2014/01/25/sufficient-financing-to-aid-troub...
this big fucking fed stimulus and equities run up ia one big insider leveraging up to the next takedown. May all the conspiring papermonkies puke up their I'll gotten gains. May you be left without a chair and and booted from the club on your ass from the 11 story when this music stops. Complicit and and guilty of feeding the ponzi. May you loose it all and become a receptionist at Applebees.
Ah, sour grapes, eh? for your information you don't get to just sign up to be a conspiring papermonkie, and you suddenly start making money. It;'s a hard job requiring careful sober thinking and study and the taking of risks. look at it this way, if you were smart enough to make money trading then you wouldn't have anything left to whine about. Then what would you do?
All central banks will be meeting this weekend. Yawn
Do you know how to spell "Black Swan"?
It is so easy.
H S B C
"South Korea Vice Finance Minister Choo Kyung Ho will host an emergency meeting tomorrow at 11 a.m. with counterparts from Bank of Korea andfinancial regulators to discuss market instabilities in emerging economies including Argentina."
"We joke, but this is what happens in a time when the "confidence" of the entire world is defined by the daily move straight line higher in the S&P...."
Where does it say they're worried about the S&P? Emerging economies aren't part of the S&P 500. Argentina is a country, not a stock and they're certainly not on the S&P 500.
So, is SK 12 hours ahead of the US or 12hours behind? In other words, what happend at the big Pow-Wow?
There doesn't seem any proof that this ever happened, no mention anywhere.
Here in ASIA and the Jan 26, has come and gone,
Today is Sunday,.. perhaps whoever wrote the orginal post did so, ... in the USA and got the days wrong on this bad joke.
Maybe stocks can only go down for shorter and shorter periods before Ice-9 sets in . Complexity due to FRAUD begets fragility. Bitchez.
Did y'all ever see this documentary about the 1929 crash?
http://www.youtube.com/watch?v=7EPTCm9RVRM
It's damn near identical to today. The stock market has 1 bad day and we hope "the house of Morgan" comes to save everything. Big investors reassure everyone that everything is ok.
In some sense I think South Korea is ahead of the game.. I don't think it will be a country that gets blindsided.
There are two primary or base components that drive the S&P which is Production and Consumption. The S&P is a truly International market. It is no longer USA centric! If global Consumption goes down the companies try to adjust but, generally the prices go down. If there has been a binge of aggressive buying of stock it will correct. I suspect our very smart Business people anticipate that those two factors may become present in the near future and a significant pull back may well occur.
What I'm seeing develop is an "almost surreal" feeling of indifference towards reality. Companies have already ushered saving from interest paid on debt into the earning column and a major reason inflation remains low is they are sitting on a hoard of cash this has lowered the velocity of money. We must remember the artificially low FED controlled interest rates are a massive one-off or onetime tailwind that is mainly behind us. When they stop going lower or reverse the positive effect will ebb and become a major headwind. With massive government debt in many countries and the economy still weak this headwind has the potential to become devastating. The collision of MMT, social unrest over inequality, and other destabilizing factors have the potential to create the perfect storm. More on how we have become far to complacent to the financial risk before us in the post below,
http://brucewilds.blogspot.com/2014/01/have-we-been-lulled-into-complace...
Sum Ting Wong... very Wong!
KOREA TO HOLD EMERGENCY MEETING
*
There is no where on the net, any mention of this story, ... what does that mean?
Just another ZH joke?
12 hours ago today on ZH this story was pulled because it was not true, then folks demanded it return, and its still not true,
Why doesn't anybody here have the balls to question any veracity?
9/10 of the story's today, are pure bullshit,...
Has ZH entirely gone stupid?
Exactly what is Argentina emerging into?
I don't know, but I'd give $1,000 U.S. for an hour alone with their President. God knows I'd be outbid by Owebama though.
I'm not near as educated in finance as most ZH'ers but I do try to follow reasoning. Seems to me NO one really knows how or when this madness will end. Why, because it the numbers are so astronomical that they cease to have meaning. I can vividly remember being "scared" of the "deficits" 30 years ago. But alas, here we are. I feel the same way many of you do, namely, it's got to pop soon, but what is soon? I was amazed that Obama made it through his first term without completely crashing the economy. Now notice I did not say things are good, just that we are still breathing and I was amazed at this fact. And still am. Every time the stocks have retracted in the last few years I am thinking, is this IT? And each time the fed gets going hits the enter button if necessary. Each time the fiat optimism wins out and off we go to new highs. Love the informative conversations going on here but most of the technical jargon is greek to me. Love this site. My only complaint is excessive cynicism and over abundance of nihilism. I'm one of those in flyover country who still believe we can rally the troops and rid ourselves of statism. I do however agree with most of ZH that nothing is going to happen without some pain. Maybe monday will be the start of the bottom and we can get on with salvaging the country. My apologies for off topic ramble. I am open to mentoring..............
Repent, for the kingdom of heaven is at hand.
http://www.youtube.com/watch?v=epDFHOVbhWk
Charles Manson's head chatter. Yikes.