S&P Futures Collapse Over 30 Points - Back To Pre-Taper Levels

Tyler Durden's picture

After tagging the stops above 1,800 overnight following the Turkish rate hike, S&P futures have collapsed over 30 points and are hovering back at pre-Taper levels from 6 weeks ago. For now USDJPY 102 is critical support for stocks. 10Y bond yields have slammed lower testing 2.70 and the lowest levels in 2 months.

S&P futures have collapsed over 30 points from overnight highs...



Still think its about fun-durr-mentals...(JPY carry is in charge)


Charts: Bloomberg

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the not so mighty maximiza's picture


Pool Shark's picture



Time to buy MyRA hand over fist...

 [Total market Cap: $4,918.00]


Jack Napier's picture

The top is in, you heard it here first. Worth a shot at least. Heck, even a stopped clock is right once a day.

Millivanilli's picture

MYRA Guaranteed by Barack Madoff Obama


Macdaddy is a real pimp.   And we know all pimps have a top bitch they love more than the bottom bitchezzz..

bobert's picture

Did you forget the T?

And just think a treausries market cap will always go up. Price won't but cap will.

DoubleTap's picture

I thought if I had another daughter I'd want to name her Myra. Not so much anymore.


new game's picture

nice day to toast a melt down!

smell of a little freash blood in da streets...

Pool Shark's picture



At this rate, the NASDAQ will have a '3'-handle by Friday...


new game's picture

SUPPORT IS BROKEN - pile on to begin in ernest.

many fires going. which to pomo first! slam gold, oh no sinking s and p.

currencey wars! what next yeller?

Headbanger's picture

S&P breaking below 1750 will cause an epic, massive, loud and really big implosion!

new game's picture

exits are getting crowded...

SAT 800's picture

Hmm, I love the smell of fresh blood in the morning.

The Vineyard's picture

We're all waiting for a collapse.  But those boys in the Ivy League Mafia can keep the balls in the air a long long time.  You gotta hand it to them.  They are good at what they do.

TeamDepends's picture

Hmmm, markets not convinced Barry's No Risk Bicycle Helmet For All pogrom is going to work?

RSloane's picture

Markets are convinced that it will work as well as Barry's health care program.

Kaiser Sousa's picture

watch the sideways trading in the phony paper price of Gold below $1270

and Silver below $20...

the MoneyChangers r trying to hold hard caps there....

starman's picture

Anyone care for a game of financial dominos?

atomp's picture

How about global thermonuclear war?

HelluvaEngineer's picture

Get to work, Mr. Yellen.

stant's picture

down 131 in 2 min circuit breakers in  t-minus  10. 9

new game's picture

taper bitchez, taper!

65billipn treas shift, 0 b mbs or much less.


Cursive's picture

@new game

The BERNasdaqELLIN Market in a nutshell.

devo's picture

Last one out is a rotten egg!

SAT 800's picture

Ding! Ding! and the market is open. and the Dow is down 138pts. and the global DOW is falling off a cliff. So this is what happens when a moron offers to intervene in the economy himself? Amazing; he's a one man disaster. Thank God New York managed to get control of that friggin silver market; it was going vertical; they must have sold 300 years of mine production in five minutes to stop that; oh well, whatever.

bustdrs's picture

Silver approaching then kept under 20.......
"Must have taken 300 years of mine production to stop that" LOL
Quote of the week

new game's picture

stripper clips are EMPTY!

Boston's picture

10Y bond yields have slammed lower testing 2.70 and the lowest levels in 2 months.


SAT 800's picture

This is way more fun than football. See real stuffed shirts get the shit kicked out of them; whee !

Sufiy's picture

Jim Rickards on Janet Yellen: Like all central planners, she will fail. 


USRegulation's picture

Hi everyone! Sorry to barge in like this, but I am actually trying to do something to try and make the markets fairer. Please read my new book:

"Leverage & Extortion: One Man;s Story of How The US Government Operates" (Amazon-2014)


Also please check out this new website and pass it on to your friends:


Thank you! Have a nice day!


Iocosus's picture

Trying to make the markets fairer? Seriously?

Anyway, why is the market injecting the Euro with morphine again?

Offthebeach's picture

Well, I'm always a sucker for attempted decency, but the last straight up honest bucket shop was Meyer Lansky's up-Hudson casino in the war years.

Ness.'s picture

The day isn't over.  You all know how this day ends - dow/snp down a few pts, maybe even green.  Move along.


Wow - stocks BLASTING higher as I type.  The Tyler "market is collapsing" articles are the BTFD trigger if ever there was one.

Cursive's picture


Careful picking up nickels....

Ness.'s picture

I'm shorter than a legless midget and I hate this centrally planned bullshit but I swear to God that Kevin Henry reads ZH and ramps equities just to prove a point.

Gold bitchez!!

eclectic syncretist's picture

Go back to sleep and tune in at 2:15 with the Fed announcement is made.  Then you'll see some fireworks!

new game's picture

yea first q, 2 minutes into game, fucken-eh. many turnovers coming, high scoring game; take the over...

Lewshine's picture

The Fed is trying to keep the cork in this market - Down 180 (2 seconds later), down 128, Down 165 (3 seconds later), Down 112, BECAUSE THERE IS ALWAYS BUYERS OF THIS SIZE IN A CRISIS.

The_Ungrateful_Yid's picture

Sure does. I made a fortune that way....never let a buying opportunity goto waste . Time to grab your balls and put your big boy panties on in situations like this.

Siouxwestern's picture

Can anyone point to a precise description/link of the theory as to why the USDJPY pair is so influential on stocks?


I.e., show the math. Thanks. -Sioux

fuu's picture

What-o-what will happen when Europe closes...

Kaiser Sousa's picture

fucking Dow is already attempting to execute its "unexpected miraculous" miracle v-shaped rocket glide to the upside...

what a country!


new game's picture

is it a falling sharpie? lead ballon/pomo levitiation/primary dealer marching orders...

derek_vineyard's picture

these small moves arent shit



bigiof's picture

Hi there, on the last graph I do not figure what are the red and orange curves? Thanks for your help