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S&P 500 Turns Red For 2014 (Retraced All Post-Putin Gains)
US equities have erased all the post-Putin gains from last week and are tumbling this morning (with no cessation at the European close). The S&P 500 has rejoined the Dow (down 200 on the day) in the red for 2014 as bond yields are collapsing on the day.
S&P has retraced all Putin gains...
and dropped into the red for 2014...
Bond yields in freefall
Charts: Bloomberg
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Dive! Dive! Dive!
Just look at that flight to safety in the 10-year and PM's.
Depth charges above! Run silent, run deep!
And the dollar is........unchanged!
Sigh... And again, ZH makes the drop drop.
From now on, you only talk about stocks when they go up. Agreed?
And the Bloomberg synopsis:
U.S. Stocks Decline as China, Ukraine Overshadow Economy
lulz
<-Headfake (BTFD)
<-Market makers know WW3 is baked in the cake.
I don't think it's option 2. Short positions would be taken slowly/silently. It takes a long time to plan and execute a global conflagration. Maybe several weeks!
That being said, I ain't B-ing this FD, either.
Agreed. Short term bottom process beginning. Volume coming back in. It'll take a bit of time to bottom, but this BS market is not going down big for awhile yet.
Just remember US stocks are always bullish and don't worry it's just the weather!!!!!!!!!!!!!!!!!!!!!!!!!!!!!!!!!!!!!!!!!!!!!!!!!!!!!!!!!!!
so, what you're saying is "this time is different"? ie, stocks cant go down? it took a few years, but everyone is now programmed to think that way. we've hit the top. 20%+ downside from here. MINIMUM.
I don't think it can go down, to any significant degree. We have a new paradigm in 2014 in that Yellen and her posse have adopted a policy of supporting stocks at all costs. Just BTFD. Sell some of your profits from gold and silver and BTFD in high beta stocks. It's a sure thing.
Agree, Crash = societal turmoil, loss of power and control.
This will not be allowed.
BTFD until the power is shut off.
Ride the coaster down if you like, but to me this is just the topping out of a head on a head and shoulders pattern that will resolve itself over the summer, ultimately leading to a flight to safety from equities to bonds, and then to PMs. If you think Yellen, Bernanke, and Greenspan are in control of the situation you must have been born after 2008.
They can't even switch the hose off.
"Crash = societal turmoil, loss of power and control."
were you alive in 08/09? there was no turmoil, loss of control. the sheeple even shut up when the bankers got $700B Tarp. this time, its a lot easier. they can blame russia/ukraine and china's credit.
the market never goes down for long in this post apocalypitc QE forever "market"
And if the yield on the US 10yr falls just a little further....below 2.6%....then we could finally see some serious selling in risk markets. The 10 yr has bounced off ~2.6% twice in the last two months. Will the third time be the charm?
Stocks are off the lows. Just remember to BTFD this afternoon.
What an incredible buying opportunity this is. We haven't seen a dip this big in years.
yestrday i take hecla mining long
and once again check the action right at the close on the fucking Comex...
http://www.kitco.com/charts/livesilver.html
http://www.silverseek.com/
yeah, no manipulation there...
$1,370+ AU, I'll take it. Metriculate yourself right up the chart.
Putin' on the Ritz.
Get your stock market shorts on, and Gold and Silver longs.
We are seeing the markets top out and now that the system has been leveraged by multiples and multiples it's a long way to the bottom.
Um, get to work? Mr, Yellin?
I guess kevin henry ran out of ink,
dont worry, im sure the ink will be available before the close.