This page has been archived and commenting is disabled.
S&P Tumbles From Record-High To Red Year-To-Date In 2 Days
Well that didn't take long... Friday morning's post-payrolls record all-time high in the S&P 500 (because, as Steve Liesman said, "he can't find any reason to be bearish about jobs data") has rapidly collapsed to being negative year-to-date (and worst start to a year since 2009's crash). Only the Transports remain green in 2014, with the Dow, Nasdaq (worst start to a year since 2008), and Russell all coincidentally gathered around a 2% negative return YTD.
But April is the best seasonal month in the year?
Of course USDJPY is about to test 103 again so prepare for a bounce...
Biotechs are back to red after bouncing to various VWAPs (and Friday's major volume plunge VWAP levels)... and breaking back below its 200DMA at $132
»
- 13515 reads
- Printer-friendly version
- Send to friend
- advertisements -
Flash crash 2014...? the algos are restless...
“don’t shoot, let the fuckers burn” – Saving Privet Ryan
Aw....
One of my all time favorite movies. I'm pretty sure he didn't say "fuckers".
Saving Private Ryan=more Hollywood crap history.
More bankster wars for the dual citizens. Idiots love the brainwashing from TV and Hollywood. Stupid serfs.
Starring Brad Pitt
The algos are going to kick in and everything will turn green by the end of the day. No worries people, please move along.
Is Stevie Liesman one of the biggest dorks around or what?
He looks like the product of a cousin relationship.
quoting ZH BTFD
Your crazy if you think Auntie Yellen will let the market tumble her first few months on the job. Thats not supposed to happen till September 2016
I don't know, when would you prefer it in your term, early or late?
Early ,so you can blame Benspankme.
And be the "resolution" hero.
Fuck me, man!
I had brilliant visuals, with stereo sounds, of blue skies with white puffy clouds, green trees, pristine rivers, American flags waving, jets flying over, the Star Spangled Banner rendered by thousands of joyous folks, freedom smelt in the air, red, white and blue bunting decorating heaven and the Lord's Blessing the Drones Service for those Straight, right wing, married, Tea Party, gun and Bible owning, sensitive, diverse and loving people.
We had two bags of grass, seventy-five pellets of mescaline, five sheets of high-powered blotter acid, a saltshaker half-full of cocaine, and a whole galaxy of multi-colored uppers, downers, laughers, screamers... Also, a quart of tequila, a quart of rum, a case of beer, a pint of raw ether, and two dozen amyls. Not that we needed all that for the trip, but once you get into locked a serious drug collection, the tendency is to push it as far as you can. The only thing that really worried me was the ether. There is nothing in the world more helpless and irresponsible and depraved than a man in the depths of an ether binge, and I knew we'd get into that rotten stuff pretty soon. -HST, RIP
He was a spy
+1 for the hunter s thompson quote
The US 10yr T-Note yield just completed the "death cross". Next stop in yields: 2.5% - 2.6%. After that, it's LOOK OUT BELOW.....and whatever that means for equities (hint--not good).
Dollar taking a battering concurrently.Nothing makes sense anymore.
Dude.
It all males all the sense in the world.
It's coming unglued, so rates fall as people seek safety (any port in the storm will do just fine, thank you) equities have to drop to justify the Grand* earnings, the economy slows, Old Yeller & Cie start the next round of QE4EVAH2 ... The true meaning of Santa Clause and His Merry Elves becomes known to the world to have been a Conspiracy Theory from NAMBLA and HillBillary and Sasquatch are your next leaders.
It all makes sense.
Well, there might be a few adjustments here and there, but it's somewhere along that line.
*Grand, as defined by CNBS to be fucking awesome! Justr lookie here, BTFD, no, you've NOT time to take a crap.. just put them buy orders in mow... Earnings going up 4Evah!
Long Live Queen Quatch
Might be a sobering realisation that Russia is ready to drive the first nail into the U$D coffin:
Andrei Kostin (head of VTB Bank): Gazprom, Rosneft & Rosoboronexport propose to start trading in ruble
First nail - perhaps close to the last nail - many, many nails have already been driven into the US dollar https://www.youtube.com/watch?v=y-IemeM-Ado
http://www.gold-eagle.com/article/emerging-dynamics-petro-yuan-standard
Not yet...though you're right about the process rolling as we speak.
It might very well happen that it's slow in the beginning and then all of a sudden, but as long as over 95% of enegy trade in the world is made in U$D and until you see PM's only represented in petrodollar equivalents on a global scale, the dead man is still walking...
I envision a coffin with 3 big nails: Russia, China and OPEC (Arab oil producers). When those 3 dump king dollah in all trade activities, the chickens will come home to roost.
It depends? If money comes out of short end of yield curve and drives yields on 10 year down to 2.5% or below then yield flattening might hurt stocks longer term? However if money continues out of stocks and into treasuries than 2.5% could be good stock buy point!
Gee even with all the free money the Fed can imagine, they still can't even pump the garbage to green? Well, maybe idiots with extra 'BTFD' cash can make that happen for the Fed.
http://wealthydebates.com/retail-tsunami-16-major-chains-closing-more-st...
Got a family member works for a major retailer at headquarters. There have been big layoffs amoung staff and talk of store closings out in the field. For all the media happy talk, fule, food and medical care costs are killing the bottom 50-70% of Americans, those who are not gitting free ZIRP trillions in asset gains from teh rigged federal reserve printing factory.
who is the woman in your avatar?
http://en.wikipedia.org/wiki/Natalia_Poklonskaya
google reverse image search
Enhancing shareholder value in both instances
Fuck the rigged market! You hear that Fraud street? I personally will continue to fight you tooth and nail. I will spend the bare minimum and boycott those corporations who I believe are part of the problem. I hope others will continue to join me in the fight against you.
Euro's NEXT...
I'm hooked to the silver screen - it's the feakiest show!
+1 for obscure (or not) Bowie reference!
This market has been so rigged for so long only the people who are on the winning side of ZIRP trillions even pretend this is real trading on real fundamentals. It's all Fed black box magic.
The quick and the dead
Recovery Summer VI is almost here. Stox are cheap!
Would someone mind explainingin detail how exactly this USD/JPY carry trade mechanism works and what exactly is the link to US equities performance? I'm happy with a link explaining that stuff too!
I just watched USDJPY bouncing several times off the 103 rate with the S&P following accordingly - what's exactly happening there etc.?
Search for "USD/JPY carry trade"
http://www.investopedia.com/terms/c/currencycarrytrade.asp
http://www.investopedia.com/terms/c/currencycarrytrade.asp
103.00 is the 38.2% fibi of 104.12-101.20, also the 20day ma. with simple 100day about 20 pips below.
Fascinating isn't it? Almost as if it was written by a composer
Like a song bird concert in Spring...
Its a three way amougst friends
When the bottom really does fall out, you know, a good 30% free fall, most retail investors won't be paying attention because they haven't had to for five years running.
They would not be concerned until it drops by a lot more.
They'll think of this as a correction and buy more.
"NASDAQ" and "Steve Liesman" tags under article headline.
Priceless.
MOAR MARGIN!
Stawks can't be down two days in a row! Impossible!!
Wow! That escalated quickly.
https://www.youtube.com/watch?v=FONN-0uoTHI
love me some Ron Burgandy!
We may even get the Dubai moment this year
http://www.theguardian.com/cities/2014/mar/29/london-skyline-statement-2...
When funding runs dry, there'll be 200 holes in the grounds of London
Good, hope bonnie prince charley goes apoplectic!
I hope LIESBoy gets run over by a NYC garbage truck.
How fitting.
That old hefer Jack Yellen will never give up! She'll order up warp factor 5 printing if need be. Perhaps Obozo will pull a Bush and send out checks to the masses, and order them to spend it bitchz.
It's an elecion year.
Chuck Shumer to the Fed: "Get to work, printing"
More downside was apparent last Friday
http://bullandbearmash.com/chart/sp500-hourly-closes-bull-channel-suppor...
A close below 1840 could put us into free fall into the low 1700s very quickly
Anyone see any shortcovering over the last 4 hours? None at all? Maybe the daytraders are suddenly thinking longterm, like cover this junk down 2-3% more by Tues-Wed.
"But April is the best seasonal month in the year?"
Nah. One of the only hard and fast rules has been 'Sell in May and walk away.' These days, the stock trading herd is trying to get a jump on the wavefront.
However, April is awkard to rhyme so most traders won't know what to do. Just kind of drift away becuase there's something bad coming.
April showers bring May flowers?
What does it all mean, Basil?
"But April is the best seasonal month in the year?"
This what CNBC has been blasting out the last couple of weeks.
Looks like J.P.M. just found another shark to jump. J.P. Morgan, Deutsche Bank to Run Greek Bond - WSJ.com
People continue to sell "momentum stocks" (what is that even supposed to mean?). I like it!
But this is not a "sell-off". Practically all are still ridiculously overvalued! This is what we see just now today:
LNKD 160.01 -3.51%
NFLX 334.14 -0.94%
FB 55.69 -1.87%
GOOGL 533.10 -2.23%
PCLN 1,143.61 -2.93%
AMZN 313.84 -2.84%
Here is what I think these stocks should be and the reason for my opinion (of course, I have done years of research to come up with this):
LNKD 20 USD? remove "endorsements" & headhunters then maybe it could be 25 USD
NFLX 15 USD? streaming videos? seriously? wouldn't be surprised if they don't exist anymore 2 years
FB 10 USD? facebook = waste of time for poor people; how long will it take until the advertisers find out?
GOOGL 300-400 USD? just a gut feeling: maybe not that much overvalued
PCLN 200 USD? it's a travel agency online. COME ON!!!
AMZN 50 USD? no profits for a decade, but 500 times more in the future? hello?
Lows are in for this sell-off folks. Time to BTFD. In the last few minutes I've sold off all my short positions and added several longs. You should do the same.
What sell-off? Oh, you mean the stawks that are few ticks off of their all time highs?
Yet TVIX is u a measly 5 percent. I hope you ass holes at velocity get the banker treatment.
http://www.theaureport.com/pub/na/ted-dixon-what-gold-stock-insider-trading-tells-us
The Gold Report: The price of gold fell more than 6% in March. To what do you attribute this?
Ted Dixon: Gold took a one-two punch in late March. The first was the widening of the renminbi trading ban in China by 2%, which added extra costs to buying and hedging gold. The second was the surprisingly hawkish tilt of the U.S. Federal Reserve, pointing to interest rates rising a little bit sooner. Tighter monetary conditions do not usually benefit gold.
TGR: Increased import duties in India haven't reduced gold buying there. Why would China be different?
TD: I think the flows are different. In China, there is a lot of financial activity related to gold, whereas in India gold buying is cultural and driven by consumer consumption.
TGR: We've heard about greatly increased governmental buying in China, have we not?
TD: There have been rumors of that, and the Chinese media has called for the government to boost its gold reserves. That could provide a longer-term counterbalance to the shorter-term renminbi pressure.
TGR: DataQuick's latest U.S. national homes sales snapshot shows that "prices are flatlining or drifting lower while sales are sinking like a stone." Meanwhile, "The big private equity firms [are] exiting the [housing] market." These data don't suggest a U.S. economic recovery, do they?
TD: Basically, insiders are telling us that stock prices now have priced in a lot of good news, so it would be interesting to see how they react to whips to the downside. One has to be cognizant that much of the U.S. equities rally has been driven by the Fed and, arguably, has little to do with GDP growth one way or the other.
TGR: With regard to this hawkish tilt, it has been assumed for several years that we'd see higher interest rates and an end to quantitative easing (QE) only after an economic recovery. Given how weak the U.S. economy remains, can we assume that the Fed believes it is close to exhausting the utility of zero interest rates and quantitative easing?
TD: The Fed has a big ticking time bomb on its balance sheet. It is still piling up reserves, and I'd love to be a fly on the wall in staff meetings that don't get reported. I have to assume there is much concern about what happens to those reserves, particularly if the economy does surprise on the upside. In this sense, the low-altitude economy has been a blessing for the Fed.
We may have a little game of bluff going on here. The Fed is taking a hawkish stance now, saying it has to move rates up earlier, but, of course, if the economy remains weak, and the Fed has to backtrack, that opens up risks on the other side. The Fed has been running a big monetary policy laboratory over the past few years, and sometimes in laboratories accidents happen. At this point, however, the stock market seems to have assigned a very little risk premium to something bad happening.
TGR: It has been argued that if you remove the Fed's monthly stimulus from the monthly GDP report, GDP is actually shrinking, not growing.
TD: The Fed has certainly manipulated the economy. It has picked its favorite sectors, housing and autos. I believe that Operation Twist and QE have hurt the commodities base because they have favored interest-sensitive industries. Now, however, these industries will have to stand on their own two feet, and we'll see how this experiment in industrial policy works out. Usually, planned economies have a day of reckoning when stimulative measures run out of steam.
Ted Dixon is co-founder of INK Research (Insider News and Knowledge), Canada's first online financial news and research service dedicated to providing data on public company insider trading. (Free services are found on CanadianInsider.com and InsiderTracking.com.) He worked previously for Connor, Clark & Lunn Financial Group in portfolio strategy and product development, the Fraser Institute as an analyst, TD Bank as a treasury specialist and the Vancouver Stock Exchange as a floor trader. He has lectured in corporate finance at the BC Institute of Technology and is a Chartered Financial Analyst and member of CFA Vancouver. He holds a Master of Business Administration in financial management from the University of Chicago.
New highs by the end of the week.
New highs in banker deaths.
http://truthfrequencyradio.com/how-far-will-stocks-fall-this-time-when-the-fed-decides-to-slow-down-quantitative-easing/
From the time that QE1 was announced to the time that it ended, the S&P 500 rose from about 900 to about 1,200.
When QE1 ended, the S&P 500 fell back below 1,100.
In a panic, the Federal Reserve first hinted at QE2 and then finally formally announced it. That round of QE drove the S&P 500 up to a bit above the 1,300 mark.
Once QE2 ended, there was another market correction. The S&P 500 fell all the way down to 1,123 at one point.
In another panic, the Federal Reserve first announced“Operation Twist” and then later added QE3. Since that time, the S&P 500 has been on an unprecedented tear. At this point, the S&P is sitting at about 1,800.
He who panics first loses less. Or something like that. Are folks starting to "Go Away In May" a little bit early this year?
Hey someone kicked the cord. Plug that thing back in...