30Y Treasury Yield Tumbles To 7-Month Lows As Nasdaq Loses 4,000

Tyler Durden's picture


US equities are pressing fresh lows of the day as USDJPY tests 101. The Nasdaq just broke 4,000 - its worst drop in 8 months; The Dow trading back under its 200DMA; and now every major index is in negative territory from the December Taper. Most notably though, Treasury yields are tumbling as weak data and safe-haven flows have pressed 30-year yields to their lowest sicen July 5th 2013. VIX is trading 20.7% - its highest in 4 months.


All major indices now red from the December Taper...


As Nasdaq loses 4000 and drops by the most since June..


as Bond yields collapse to 7 month lows...


Charts: Bloomberg

Bonus Chart - WTF in financials...

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Mon, 02/03/2014 - 14:41 | 4396412 Rainman
Rainman's picture

By Gosh .... It's a beautiful day to be a Doom Porn addict !

Mon, 02/03/2014 - 14:43 | 4396424 fonzannoon
fonzannoon's picture

Where is grandma Yellen? Where is papa Bernak????? Turn those machines back on!!!!!!!!!!!

Mon, 02/03/2014 - 14:47 | 4396451 Headbanger
Headbanger's picture

Ain't gonna happen Fonzo! 

Mon, 02/03/2014 - 14:48 | 4396459 fonzannoon
fonzannoon's picture

well they have pulled back on QE twice and both times the market made em do a u turn. If it ain't happening I better get off Long Island before the bridges close and the zombie sheeple come out.

Mon, 02/03/2014 - 14:55 | 4396485 Pheonyte
Pheonyte's picture

Truth. What haunts me the most is that I only need one hand to count the number of ways off this damned island. When the shtf we're fukked.

Mon, 02/03/2014 - 14:57 | 4396512 camaro68ss
camaro68ss's picture

the feds must have "jumpped the shark"

Mon, 02/03/2014 - 15:56 | 4396859 superflex
superflex's picture

USD/JPY approaching 101 

Sound the collision alarm.  Man all lifeboats.  Cue the band.  Hard starboard!


Mon, 02/03/2014 - 16:53 | 4397138 I am more equal...
I am more equal than others's picture




All that money is got to flow somewhere.  When there is nowhere to go, that's when it will get interesting.  Talk about a great conflagration. 

Mon, 02/03/2014 - 18:50 | 4397660 wallstreetapost...
wallstreetaposteriori's picture

Meanwhile.... fonestar is busy playing with his fractional bitcoin....

Mon, 02/03/2014 - 14:58 | 4396525 Master_Blaster
Master_Blaster's picture

It's why I left Chicago to move back out west......

Mon, 02/03/2014 - 15:36 | 4396759 DrunkMath
DrunkMath's picture

Swim you pussies.

Mon, 02/03/2014 - 16:31 | 4397002 Tall Tom
Tall Tom's picture

When the shtf we're fukked


There is NO WHEN about it. We are already FUCKED.


The Shit has already hit the fan back in 2008 if not before.

Everybody has been weathering a Shitstorm.

The Shit is so deep already that many are just treading knee high Shit.

There is a Tsunami of Shit headed our way from Foreign Shores. It will get a whole lot worse.

Many will be drowned in Shit and not make it through.

The shit is everywhere. There is no escaping the Shit.

The Shit is in youe wallet. It is in your Bank Account. It is in your Car Payment. It is in your Mortgage.

The shit is called DEBT. Even the Currency that you use is DEBT.


When you claim that the shit will not affect you then you delude yourself. I read many here, "I have my House paid off.", "I am not in Debt", or "I have bought Gold and Silver"


Now while these are good and effective strategies against the Shit Tsunami, that you are still swimming in an ocean of Shit is merely a testimony to the undisputed fact because other people's shit currently affects you and will continue to affect you. Unfortunately you can not absolutely insulate yourself from the Shitstorm as it oozes into every facet of life. You can bet as the Ocean of Shit rises that the Shit will affect you even more.


So the question at hand is how well can you tread Shit? You cannot tread Shit when you are swimming in it. I do not even believe that the High Ground and unmoveable foundation of REAL MONEY, REAL WEALTH, Gold and Silver, will save most whom have been prudent enough to save it. Prepping with Food, Water and Durable Goods will only serve to prolong the suffering of far too many of you, the prudent.


Yes this will get a whole lot worse. There will be riots and killings. There will be a substantial loss of the Standard of Living for far too many, even that of the Prudent.


With Gold and Silver you will end up POOR. Without Gold and Silver you will end up DESTITUTE if not DEAD.


The Shit has already hit the fan. Look around at the VACANCIES in your neighborhood because the Fed will not allow them to be marketed because of the MBS purchases. Look at the VACANCIES of the Storefronts in the Strip Malls in your town. In some sections of towns they outnumber the stores.


The Tsunami, however, approaches. But the Shit has already hit the fan. And we are being FUCKED UP THE ASS HARD. It is just a question of how much shit can you tolerate?

Mon, 02/03/2014 - 18:34 | 4397572 Unknown User
Unknown User's picture

The only way out is for governments to issue debt free money.


“The government should create, issue, and circulate all the currency and credit needed to satisfy the spending power of the government and the buying power of consumers. The privilege of creating and issuing money is not only the supreme prerogative of government, but it is the government’s greatest creative opportunity. The financing of all public enterprise, and the conduct of the treasury will become matters of practical administration. Money will cease to be master and will then become servant of humanity.” - Abraham Lincoln

Mon, 02/03/2014 - 14:54 | 4396490 Oldwood
Oldwood's picture

They eat BRAINS!!

Mon, 02/03/2014 - 15:05 | 4396563 Levadiakos
Levadiakos's picture
  • "In four hours the ship blows up" -- Scotty (The Savage Curtain)
Mon, 02/03/2014 - 15:57 | 4396856 Headbanger
Headbanger's picture

LOWNGEYELAND??   Get outta heayhh!!   Never been there. 

Mon, 02/03/2014 - 15:01 | 4396529 Renewable Life
Renewable Life's picture

+100 for Grandma Yellen!!!  Thats even better then Uncle Ben!  Someone text alert me when Cramer starts screaming on CNBC, that "they dont know whats going on down here, we're getting slaughtered" 

I dont want to miss that shit! 

Mon, 02/03/2014 - 14:45 | 4396433 slaughterer
slaughterer's picture

These kind of gloating ZH articles usually mark the short term bottom.  The algos are locked into copy like this.  

Mon, 02/03/2014 - 14:45 | 4396446 astoriajoe
astoriajoe's picture


Mon, 02/03/2014 - 14:47 | 4396455 RebelDevil
RebelDevil's picture

SPY broke 1750!

Mon, 02/03/2014 - 14:52 | 4396471 Thought Processor
Thought Processor's picture

Agreed.   But the Yen is on the squeeze now and there are some big air pockets on that currency cross.


Watch Japan.



Mon, 02/03/2014 - 15:12 | 4396623 TheInfoman
TheInfoman's picture

Please explain.

Mon, 02/03/2014 - 15:20 | 4396666 lasvegaspersona
lasvegaspersona's picture

Cheap Yen are what is being spent to keep the rally going. Japan can't loan them out fast enough ...so the value of the Yen rises and the world's markets crash....I know it makes no sense but that is what I think it happening. It is bizarre that you can't kill the Yen when you try isn't it?

Mon, 02/03/2014 - 15:45 | 4396799 TheInfoman
TheInfoman's picture

Ah.  Now I got it.  Thanx!

Mon, 02/03/2014 - 14:54 | 4396491 Jonas Parker
Jonas Parker's picture

Deja vu all over again! 2008, or even Jimmeh Carter!

Mon, 02/03/2014 - 14:57 | 4396500 29.5 hours
29.5 hours's picture



"gloating ZH articles usually mark the short term bottom"

Agree. Besides, I am sure CNBC will point out the markets "were off the lows" at the close.



Mon, 02/03/2014 - 14:58 | 4396517 fuu
fuu's picture

Tyler, make gold go down please.

Mon, 02/03/2014 - 16:50 | 4397121 Al Gorerhythm
Al Gorerhythm's picture

I see smoking, confused algorerythmically programmed bots spitting out +10% bid/ask spreads more frequently and Mary-Jo White all over it like white on rice.

Mon, 02/03/2014 - 14:46 | 4396436 Headbanger
Headbanger's picture

I've had a wicked hard on all morning watching it get pounded !

Mon, 02/03/2014 - 14:46 | 4396440 Dr. Richard Head
Dr. Richard Head's picture

Tell me about it.  I have been hitting refresh more often today on ZH than I have in years.  In fact, it feels earily similiar to a period of time when interest rates were increased in a manner to cause this strange crash, almost like it was engineered or something.  I just can't put me finger on it, but it's like 'Deja Vu all over again" - Yogi Berra

Mon, 02/03/2014 - 14:45 | 4396441 TruthInSunshine
TruthInSunshine's picture

This is consistent with equity "market" history repeating, based on the results of the Superbowl.

Whenever the Seahawks have won the Superbowl (/sarc) AND a functionally austistic Federal Reserve Chairman has blown a massive bubble in just about every asset class over the last 4 1/2 years, things fared terribly going forward.

Mon, 02/03/2014 - 14:51 | 4396470 Dr. Richard Head
Dr. Richard Head's picture

Benny is done blowing bubbles and instead blowing Brookings.


Mon, 02/03/2014 - 16:57 | 4397147 Tall Tom
Tall Tom's picture

Your post sent me on a Dystopian Flight of the fantastic..


Well since no original NFL Team won the Superbowl in 2014 it was supposed to be a Recession Year...

That COUPLED WITH a functionally autistic Federal Reserve Chairman who blew massive Bubbles in just about every asset class over the previous 4 1/2 years, while intentionally depressing Economic Indicators that sent false signals (such as the Gold Price) reverberating throughout World Economies, guaranteed that the conditions deteriorated terribly going forward. As a result the US Markets and World Markets collapsed.


From the Requiem, "The Destruction of the United States Economy" Chapter 25, The Poor Decisions of the 21st Century Federal Reserve Bank., which was published in 2036, right before the Collision with the Asteroid.


I hope that you enjoyed my rendition of you post...


Damn I love Doom Porn.

Tue, 02/04/2014 - 00:19 | 4398931 TruthInSunshine
TruthInSunshine's picture

I approve that shizznit. I'd suggest forwarding it to Market Watch, but they should be forced to pay you a sizable sum for the right to publish it.

Mon, 02/03/2014 - 14:51 | 4396468 rotagen
rotagen's picture

Bullish on doom, drought, and mad max.

Mon, 02/03/2014 - 15:09 | 4396597 Levadiakos
Levadiakos's picture
  • "The Federation's gone; the Borg is everywhere!" -- Alternate Captain Riker (Parallels)
Mon, 02/03/2014 - 14:58 | 4396507 Millivanilli
Millivanilli's picture

Yellen to the rescue...   


And gold and silver TO THE MOON!

Mon, 02/03/2014 - 16:00 | 4396673 stant
stant's picture

wheres million dollar bonehead and the down junker troll?

. Ps there's one of them

Mon, 02/03/2014 - 14:41 | 4396417 Walter E Kurtz
Walter E Kurtz's picture

Bring out the deer! O_0

Mon, 02/03/2014 - 14:44 | 4396431 fonzannoon
fonzannoon's picture

forget the deer. Where is WB7 we need a visual of the curtain being pulled back

Mon, 02/03/2014 - 14:43 | 4396419 LoneStarHog
LoneStarHog's picture

Who said that you can "never go back".  1999-2000

Mon, 02/03/2014 - 14:43 | 4396421 Hulk
Hulk's picture

Whats the price of risk again ??? Unfucking believable...

Mon, 02/03/2014 - 14:44 | 4396422 One And Only
One And Only's picture


Mon, 02/03/2014 - 14:47 | 4396443 Thought Processor
Thought Processor's picture

That and the largest holder of Bitcoins is now the US Gov. via a certain arrest not long ago.

Talk about ripe for manipulation.   

Mon, 02/03/2014 - 16:40 | 4397066 fonestar
fonestar's picture

US Gov is not the largest holder of Bitcoin for fuck's sakes!  I am sick of you sheep with your bullshit FUD and propaganda.

Mon, 02/03/2014 - 16:55 | 4397154 Spanky
Spanky's picture

Really? I thought bitcoin "anonymous" and thus it would be impossible to know... for certain. Pray tell fonestar...

Mon, 02/03/2014 - 14:45 | 4396423 philosophers bone
philosophers bone's picture

But the retail investor hasn't even joined the party yet!!  Oh wait, they jointed the party last month when every talking head Wall Street money manager predicted strong market returns in 2014?  Unlucky timing!  Just stay the course!   /s off

Mon, 02/03/2014 - 14:46 | 4396438 Winston Churchill
Winston Churchill's picture

Wuld you like burnt mutton ,or muppet ,with you champange

Mon, 02/03/2014 - 15:00 | 4396533 TruthInSunshine
TruthInSunshine's picture

The Tom Stolper Vortex

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