This page has been archived and commenting is disabled.
BTFWWIII'ers Missing As Stocks Slump Most In A Month
Gold and crude oil prices rose steadily all day even as US equities oscillated around VWAP unable to break above Friday's lows (and trading in a narrow range) on heavier than normal volume. USDJPY and US equities remained roughly coupled but stocks auctioned up and down in search of stops with algos desperate to cling to VWAP on a big down day as a rally mid-afternoon reached the S&P into the green for 2014 and marked the top of the day. Gold ended at 4-month highs, the USD rose 0.4% (led by GBP and EUR weakness), WTI crude back over $104.50 (near 6-month highs), and Treasury yields dropped 5bps or so with 10Y back under 1.60% (2nd lowest yield close in 4 months). VIX jumped above 16% - 1-month highs but still the asset-gatherers demand we BTFWWIII...
S&P 500 Futures traded in a narrow range around VWAP unable to break Friday's lows (or hold YTD green levels)...
When Russia denied its ultimatum, USDJPY was ramped but stocks were not in the mood to play along...
The S&P 500 tagged its year-to-date unchanged levels and sold off...
VIX was well bid as managers reached for protection en masse
Treasury yields closed their lows of the day (with modest 30Y underperformance) as 10Y ended at the crucial 2.60% - its 2nd lowest yield close in 4 months...
Gold rallied all day - ending at 4-month highs
WTI Crude surged back over $104.50 - near 6-month highs...
The USD rose on the day led by weakness in EUR and GBP...
It seems bonds and USDJPY have a different perspective from stocks..
Charts: Bloomberg
Bonus Chart: It seems "investors" also sought the safety of Bitcoin...
»
- 11235 reads
- Printer-friendly version
- Send to friend
- advertisements -
Paging Fone.........oh forget it
Fuck Shitcoin!
WAIT!!! Somebody ask Putin if he can wait a day, or two.. DC had to close today because it got cold and snowed..
So, can he wait a lil' bit?
Oh we are in such a world of shit if this nation has to actually go to war. I know we have good people left in the military but oh God our political leaders are... I can't even come up with the words. I am astounded at how far and fast this nation has fallen.
CHARTS, BITCHEZ!!
"Good people left in the military" do not want to go to war for bankers anymore.
BTC says same back to you. Good that you're so used to beating yourself bloody as BTC will be here to torment you for the rest of your days...
Doesn't this just piss you off? Bitcoin sheds Mt. Gox albatross, extends surge
Is bitcoin the new honey badger?
In spite of being hit on all sides by bad news, the embattled virtual currency rallied sharply on Monday by nearly 20 percent, as questions swirled around the demise of the world's largest bitcoin exchange.
As regulators and prosecutors encircled Mt. Gox, the bitcoin trader that folded into bankruptcy protection last week as nearly $500 million of virtual currency vanished into the ether, bitcoin extended its rally...
Is it new money 'pouring' into Bitcoin or the same adherents trying to manage their loses by averaging at a lower price creating an illusion of wider acceptance and roaring recovery?
Bit of a difference because if it's not fresh faces with new money then your witnessing a feedback loop which won't be able to hold up the weight on Mt Gox style crashes for long. The flock moves direction and Bitcoin loses its legs with bag holders trying to dig up out the hole.
How many new customers jumped on the dip after witnessing hundreds of millions get vaporized? VS how many already neck deep doubled down?
Bitcoin needs fresh faces creating commerce, not the same diehards backing up and hoarding.
@ArrestBobRubin
Yeah, the old-heads around here won't appreciate you pointing out pesky realities like that. The best one will be when Bitcoin surges ahead of Gold parity, which looks to be on track for later this year.
The usual commenters are just slinging mud, while they wallow in their poor-yielding "instruments". It is amusing to watch, considering how far BTC has come from 2013.
Isolating Russia will pay off soon.
for who?
I forget /s
Obama is considering economic sanction against Russia.
and there is no edit function available any more.
I don't care about the price of Bitcoin anymore. My son lost his analyst job with Mt Gox last week...
I sell Magic The Gathering starter packs on eBay. I can put him back to work in his original field, I'll throw him a couple shekels to go down and sell them at the Walmart parking lot.
I prefer pok’e’mon , thats just me.
Beanie babies, anyone?
BTFB
I'd swear the people on CNBC are part of "Team America".
"U.S. markets down less than 1% while Russian markets down 12%."
"Russian Ruble getting crushed."
Yes, but Gold and Oil up.
Derka-derka.
Team America, awesome!
What fits into Russia?
FUCK YEAH
US stawks completely detached from reality and gravity. It's been going on for weeks. You can't fool Mother Nature. When gravity finally kicks in, look out below.
I no longer believe that the markets respond to anything at all but the pace of money printing and the names of the recipients thereof.
Q-E-Kiev-a!
yeah, that was really a crash, minus 1% -.-
The bottom is in, 1900 by friday.
Where do I buy my first BTC ? paging Fonestar!!! my bullion stack is getting to big.
coinbase.com
up by about 12%
ounce.me/
edit: just providing a useful link with no opinions on BTC or PMs or anything. I like the reddit links it has and it is real time on basic financial markets of bonds and commodities.
Unpossible.
Today did however answer the gold vs. silver argument.
Silver is a commodity like copper, and will prolly remain so.
Gold is still the monetary metal of choice.
I will get me a lot of downvotes I'm sure.
Considering the wanker to thinker ratio here, down votes = good. I add up down votes plus up votes to give me a grand total of kudos.
if you wre to disappear i think the wanker/thinker ratio would fall and that would be the first benefit. No longer having to read crap that has no content would be the second.
And the Kiev Ukraine putsch has just put two billionaire Oligarchs in prominent positions.
And Obama wants to send U.S. tax dollars to them.
And the IMF too.
Fucking great.
who should I write the check out to? LaGarde or just the IMF?
well, there was a story that "F-18 fighter aircraft production might have to be slowed down here" as a consequence of...whatever "this" is.
I would have thought we would have had the exact opposite actually.
I agree..."if i'm going toe to toe with Czar Puti Pie" it's good time to raise capital...and, well, New York and London are about the only two places on Earth where that can be done right now.
I fail to see the argument of "now is world's worst time to create capital" as being valid however.
I mean...is Putin a nutcase or not?
I mean...does "disabledevet" have to explain how emotional the "issue of Ukraine be separate from Russia" really and truly is?
Or is this clown just gonna stomp all over everybody and think "wow, that was cool!" Cuz...Czar, dude...WAY UNCOOL.
You need to CHILL OUT here.
I mean...Czar, Putie Cutie...this doesn't feel like your establishing your FEELINGS in this matter...but "your anger" and "need for retribution."
I mean...i'm sure the folks you are about to "stomp on" here are asking the question..."yo, Czar dude...what did we ever do to you?"
These "Ukrainian Nationalists" fought on your side during World War II!
"Plan Ost" did not include them either, yes...yes?
is it okay if we buy russian stocks on the dip or does that make us terrorists? i'm guessing the squid will be buying soon but that doesn't make it okay for the rest of us i suppose.
^^^this^^^
Must...transfer...bag...grrr...to retail...
Now is a great time to develop contacts in the medical community to keep your sons out of this sh!t.
Or make jew friends.
Ukraine and Peter Schiff: Recovery Fantasy, Dollar Crash Below 80.00 And Gold "Wall of Worry"
Peter Schiff is discussing the very weak economic data released this week, Gold market's "Wall of Worry" in mass media and Gold stocks potential. We will add to the discussion the main development for us this week. It is the situation in Ukraine, which came almost out of nowhere for a lot of investors and now threatens the stability in Europe at least and has caused the major decline in US Dollar below the very important level of 80.00.http://sufiy.blogspot.co.uk/2014/03/ukraine-and-peter-schiff-recovery.ht...
Now Gold will start to move now that Russia is on the move......Gold doesn't go up in isolation to money printing of the US dollar.....it moves when there is a big crisis...just like this one.
Regarding the US 10yr, 2.60% is important but 2.45-2.50% is even more important. If this lower level is breached, then look out below with respect to Treasury yields.
If you think or thought yields were going up, that meant you thought the US economy was going to explode into acceleration.
GS latest Q1 GDP projection -- 1.8%. Not much of an explosion.
Trade MaxCoin sponsored by the one and only Max Keiser.
So far not that great but I have hope that Max and maybe even Reggie will do the trick.
Go Gold. With this Russia thing ...bet the JP MOrgue and the GS FED et. al. are all starting to burn the evidence of the theft of the US Gold Reserves as well as all the other countries. So with Bitcoin as an alternative to gold they may just end up pushing the crap out of Bitcoin (to cover their tails),
So Yellen is very happy about this, right?
The Fed feels that the stock market is too high, but a nice little war will bring it down without the Fed being blamed. And the 10 year Treasury rates are too high, but a nice little war will drive investors, in a search for safety, into U.S. Treasuries. Which will boost the U.S. housing market!!! Win-win, all the Fed needs is a nice little war. I hope we don't get a big war, but maybe the Fed would like one.