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Stocks Slide Into The Red For The Week
Overnight weakness following The World Bank downgrade, China's flip-flop on CNY and failed auction, Cantor's 'compromise-shattering' loss, appeared to be stabilized by a levitating USDJPY but when the budget deficit hit (as expected) it appears the market was hoping for a bigger deficit (and thus more to monetize and moar QE). Stock are diving lower with Trannies worst along with the Russell 2000 -1%. CNBC is already discussing if this is the pullback to buy for the next leg higher in stocks as money on the sidelines floods in...
Stocks drop to red for the week...
With USDJPY 102 in charge...
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Ummm....that's not allowed.
Sum Ting Wong!
Sum Buddy Havtu Sei.
The world is in chaos with shit blowing up everywhere. The red team is in disarray and the blue team is running away from zero as fast as they can. Demand is low, Unemployment remains elevated, we have overcapacity issues in every sector of the economy, and debt levels have never been higher. It seems to me that the only logical option is to BTFD. Wall of worry bitchez!
Edit: did I forget to mention oil............?
"The world is in chaos with shit blowing up everywhere. The red team is in disarray and the blue team is running away from zero as fast as they can. Demand is low, Unemployment remains elevated, we have overcapacity issues in every sector of the economy, and debt levels have never been higher...."
Other than that, Mrs. BernYellen, how was the play?
I am not in the habit of giving (you, especially) happy up twinkles for droll cynicisms, but I gotta say, "Bon mot, Sir. Bon mot."
Kevin Henry is on his summer vacation?
Blood in the streets
Will settle for just Liberty St.
no, the Dow stocks are waiting for the latest round of cheap debt to get funded so they can buy back more of their own stock. It takes a few days.
I thought there was a terrorist attack with all the sirens going off, then noticed it was coming from the NYFed. Prepare for a sell-off in vol
It is interesting that May 2014 nominal federal revenue is barely above May 2013 nominal revenue--less than 1%. Time to double check that spring recovery.
Normally a bearish post from Tyler is the bottom - here's hoping I'm wrong.
No you're not. The moment they posted was pretty much the bottom. It's eerie. Someone is f-ing with us.
oh noes! omg omg oh noes!
End the fed so we can get back to real trading!
The Fed sent out a world-wide broadcast 5+ years ago on exactly how to trade. They said: we're buying everything, guess what you should do?
Kill them all.
Stocks in the red? Sounds bullish to me.
It's OK Al-Qaeda has $400 Million to invest in the S&P 500 (cash on the sidelines)
Silly, who do you think dropped the gold price with $400m this lunchtime.
Cantor got beat. Momentarily deflationary.
If the heroic traders can weather this storm I predict an upsurge in confidence as the skys clear and the seas calm.
Tune in for all the economic weather news, here on your Zero New channel.
Damn...might have to put my DOW 17000 and S&P500 2000 hats back in the drawer.
You'll get to wear them this week, so if you put them in the drawer, place them on top of something.
Pump should start any second now...
we know how this movie ends, just buy the dip; its free money with zero risk.
Here comes the BTFATH team.
Dang ZH..... you missed the low of the day on the SP by 6 mins with this news. You're not Dennis Gartman..........not yet.
Since Europe set negative interest rates, this might be a good time to buy European stocks. The ishares Europe ETF is ticker IEV. Large companies will probably borrow money for next to nothing and pay it out to share holders in the form of dividends and buybacks.
If would be pretty cool if we had negative interest rates too. I could buy the SPY and watch it go up another 40% for the reason stated above.