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S&P Tumbles, Gives Up All Post-Yellen Gains
Once European markets closed, US equity markets gave up any correlation with JPY crosses and began to fade. After bouncing off early Nasdaq-Biotech-driven lows, a ramp of AUDJPY saved the European close but that was it. There does not appear to be any news catalyst to drive this dump as Quad-witching pumps are unwound. The S&P 500 and Russell 2000 jooin the Trannies and Nasdaq in the red from the FOMC statement.
Stocks now red post -FOMC...
As The European close appears to have been the tipping point...
VIX is rolling back higher (inverted below) and catching up with stocks drop...
As the yield curve continues to collapse...
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at least ZH didnt call this a crash. did we forget what a tumble really is?
Quick monkeys! Short the AUD!
Can you say... YIELD INVERSION!!??
What's up with silver, man?
Still the most undervalued asset in the history of mankind, the 2nd most useful, and tied for the most irreplacable with all other elements within our sphere of galactic confluence.
can you say "the zero bound rate policy"?
AUD?? SHORT??At your fucking peril. It appears to have friends in VERY High placement. ( as he is ass fucked again) .... What is going on here, no lube, no condom, no kissy kissy..... Bleeding and even the softest ass wipe brings tears. There is an answer to lifes troubles.... Lots of Scotch... make that a triple finger.... I have had the fist motherfuckers. good night and God bless ... I know .. up is down , bad news is good news, Yellen is ugly as a bat, Zero Hedge is bad for your Alcohol consumption. Fuck I am a slow learner.... NEVER ASSUME, It makes an ass out of U & Me
Still waiting for it to 'plunge', so it can get 'slammed', and then 'monkey-hammered', so that we can BTFD on a 'spike'.
First the burned the Put buyers then the Call buyers. It's a big win for the Banker Bitches.
Stawks have been uncorrelated with bonds and credit for weeks. Pushed up by the boyz. Well, the snapback should overshoot.
I can't believe JPM is trading at 60.
mark to magic has its rewards...
It's good to be king.
And I cannot believe it still has a Ticket to exist. JPM is a crime to have it's licence to exist. But that is " Show biz folks"
What are you talking about tumbles? s&p is up 150% since 2009 and you have been bearish entire time lol
@deagle44
It may as well be up 15,000%. The average person is in far worse shape than 2009, but at least the 0.01% are hamming it up nicely in their collective Maseratis.
ZH has been a contrary indicator since this website came online.
I fail to understand how some people do not realize this.
When ZH gets bullish, that is when the big crash comes.
you can't fix stupid.
@GrinandBearit
If you are waiting for ZH to become bullish, don't hold your breath. And as far as the big crash, we've already crashed and stayed there (in gold terms). If you were looking for reality to be revealed in government-issued, government-manipulated fiat currency, well, there's one of you born every minute.
http://www.sadtrombone.com/?play=true
I need that trombone like Not
to be fair Europe had been selling off all day and were only draged positive by the massive US open and the VISA save the day skyrocket,
at the close European futures resumed selling, I think in reality the US futures followed on this occassion, take that VISA spike out and the US Indexes were already selling off...do we have a Yellen revisited Friday close?
Very unlikely as i cannot remember the last time a Friday was red...then again if this gains the momentum of Wednesday...and all European futures are still falling the DAX has already lost 50 from the close, FTSEMIB 160 and the CAC 35
that's called "honesty" not fairness. Only an idiot can't see how bad not only the economic impact of a Russian UNPROVOKED AGGRESSION on the People of Crimea is on Europe is...but how "doubling down" on a Sanctions Regime is the worst possible outcome.
You'll be looking at 40% unemployment as "The German economic growth engine" simply fails.
It's ok, all's well. Even though the deficit, the reduction of which was the justification for the FED taper, has been under-reported and is catastrophically higher than anticipated, and even though the workforce numbers are approaching what they were back in the days of stay-at-home moms, and even though gas and food prices are through the fucking roof, in spite of no inflation, Auntie Janet has it all under control, and it will be something like um, you know, 6 months maybe, after QE ends before they start raising rates.
You found Mr. Yellen's stash of Hopium ?
Butt the gay people are doing good, Why is that?....
Buy the tumble lol
Not this time fuckheads
Rounding top on the djia!
And thats some technical analisys fo yo ass
So much talk of Bermuda Triangles...is this the Virtu triangle?
Tangentially related, Jon Rappoport speculates: "Is the NSA manipulating the stock market?"
http://thenewsdoctors.com/?p=128601
The Working Group on Finance is certainly real, managing the market going into and out of events like FOMC annoucements.
3:30 boner should get her green and than some
Looks like thePPT is busy with the dollar index,not stawks.
Don't count on them.Its apparent they can only levitate one or the other,not
both at the same time.
I share those thoughts
I hope you're ready for the Bank Nationalizations "Winston." They will limit your cash withdrawals to probably no more than 500 euro's...a week.
Obviously this might "force the City's hand" limiting withdrawals to 1000 pounds along the same time frame.
No...They're just corralling some institutional dollars into bonds for a fairweathered friday. It helps the equity market to look more authentic.
Good point!
I don't see why moves less than 1% are notable.
There would never be any market posts then.
Ummm... perhaps because they occur the instant a prop is removed?
I don't see why people would prefer not to note this.
ZH likes to mess with the chart scale so a 1% daily move looks like a crash.
Now, are ZHers feeling like the Yuan is going to keep tumbling against the dollar?
http://www.x-rates.com/graph/?from=CNY
My 2 cents, fwiw: nope, i.e. nice bounce in the coming days/week.
BTFD.
For one last time the good Dr. is right. I think it all changes next week though.
money does not get passed up the ladder if stocks always go up. need the peasants (bottom 95%) to sell after a manufactured "crisis". wall st made huge money 2009 thru late 2013. distributing since to ma and pa. once they're done, they will take stocks down..........BIG.
not this time.
Edit
Tapering is starting to manifest in the markets... Notice the rounding tops in the major averages? The $usd is near support despite taper and thats a red flag
Nervious Nellies... you still have the Fed to contend with. But to quote " Thar she blows"..
sure, heard this story before...has yet to be correct
Nothing crashes until somebody big doesn't get paid.
Isn't that happening in China right now for the first time
China appears ready to let all the mal investment go.
Its a geo political move as much an econimic one when put in to the context of everything now
going on.
Don't know. China as been collasping for 5+ years now, yet... still going strong.
As somebody on here posted yesterday (I think). The yuan is the "reserve currency" for 25% of the world's population.
That's gotta be worth something.
Market down .004 percent! BTFD. Hopefully it keeps tumbling: The only really good increases in gold futures and the miners take place in the context of a falling market and a fear trade.
DAX through 9300, some MOMO's getting hit here NFLX LNKD both down over 3%
Back up 6 months. QE is one hell of a drug. The DAX is full blown needle in the arm. ( go on I dare You.. that is one monster of a move in 6 months) makes the S&p look like a small dick.
Watch... ZH calls the bottom of the day again.
Boing!!!
cramer said to buy buffalo wild wingers, because of march madness - I am already up $2.50 in the trade, sorry everybody else for your losses... ba ba booyah cramerica, he's such a genius
I don't get it... ramp, ramp up to the record high, ring the bell and all hell breaks loose. And they told me no one rings the bell at the top! Damn liars.
What do they think the market is, some kinda fu&%$ing game???
//sarc alert//
I need to get down to my bank and take out a second mortgage ASAP so that I may load up on more spoos at these low low prices!
http://www.benzinga.com/trading-ideas/long-ideas/14/03/4386875/3-reasons...
Oh dear, I had forgotten my equity in a home I sleep in.. sounds like the right move.. borrow to buy stocks at the high. ... how wide are the exits, Im a fat , slow moving fucktard. Oh wait.. they said it was liquid assets... no problem with getting them liquidated when I need to.. but I have to ask.. How wide is the Exit ( Cause I'm fat and a Fucking Pizza eater)
ok a very small sarc tag.... I like you you have it in Spades..smart man or transvestite.. what ever floats your boat
http://scharts.co/1h3g6ym , http://scharts.co/1h3gmxi : HVU, UVXY
be ready : http://flic.kr/p/enJ7Cs