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Bonds & Stocks Are Dumping

Tyler Durden's picture




 

Gold has been flashing red this morning that something is happening. Bonds started to crack and then the 30Y TIPS auction tailed... and bond yields are smashing higher. And now stocks are being sold on heavy volume as VIX rolls over... what did Janet say to do now? We need another press conference...

PMs flashing red...

 

Bonds catching up...

 

 

And stocks not listening to Yellen...

 

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Thu, 06/19/2014 - 13:25 | 4874373 Bill of Rights
Bill of Rights's picture
Hillary Clinton Asked To Inscribe "Hard Choices" To Ambassador Stevens

 

https://www.youtube.com/watch?v=pFZWjbqn4pw

 

Priceless...

Thu, 06/19/2014 - 13:28 | 4874389 gh0atrider
gh0atrider's picture

How can bonds and stocks both be dumping?  Don't we have to choose between one and the other?

Thu, 06/19/2014 - 13:48 | 4874495 Hippocratic Oaf
Hippocratic Oaf's picture

It's just noise.

Thu, 06/19/2014 - 14:30 | 4874657 wallstreetapost...
wallstreetaposteriori's picture

Not a good thing when traditionally non-correlated assets become correlated.  Precursor of major economic crash.  

Thu, 06/19/2014 - 15:49 | 4875007 TheRideNeverEnds
TheRideNeverEnds's picture

The ES is only up three ticks right now and may not close at new all time highs; its basically a crash.  

Thu, 06/19/2014 - 13:32 | 4874415 madcows
madcows's picture

I saw that.  That was AWESOME!  What a cvnt.

Thu, 06/19/2014 - 13:41 | 4874460 SheepDog-One
SheepDog-One's picture

If this crazy old hag is actually president of this country, no way can I handle it, I'll probably just wander off into the woods.

Thu, 06/19/2014 - 13:50 | 4874510 greatbeard
greatbeard's picture

>> I'll probably just wander off into the woods.

Worked well for me.  Just a little advice, make sure you have good water and a little flat cleared space for a garden.

 

 

Thu, 06/19/2014 - 14:15 | 4874585 Hongcha
Hongcha's picture

yes sheepdog-one ... like the guy in Aguirre, The Wrath of God ... pull up alongside the shore on the Amazon, take your clothes off and just stagger into the brush .

Thu, 06/19/2014 - 14:52 | 4874766 ajax
ajax's picture

 

 

Love that movie.

Thu, 06/19/2014 - 14:48 | 4874745 dow2000
dow2000's picture

Anyone see the very last question asked to Yellen during yesterday's press conference. 

Reporter: "Can you please comment on the story circulating that the FED plans to enact 'exit fee' gates on bond funds?" 

Yellen:  "The FRB has not had any discussion into this policy, it under consideration with the SEC, thank you"  THAT WAS IT, THE INTERVIEW WAS OVER AND SHE STORMED OFF

Thu, 06/19/2014 - 13:26 | 4874387 order66
order66's picture

.2% is not exactly dumping.

Thu, 06/19/2014 - 13:29 | 4874398 CrashisOptimistic
CrashisOptimistic's picture

0.2% is about all the motion that can be created by human reaction.

HFT controls the other 99.8% and they have no reason to let it drop, even if Wall Street was nuked.

Thu, 06/19/2014 - 13:30 | 4874403 SheepDog-One
SheepDog-One's picture

For this house of cards, it is! For fucks sake a .2% drop might make some Ponzi pensioners nervous and they might get the crazy idea to actually place a 'sell' order which would blow HFT circuits and create a waterfall effect!

Thu, 06/19/2014 - 13:27 | 4874388 SheepDog-One
SheepDog-One's picture

Hurry! Get Yellen on a 24/7 live feed!

Thu, 06/19/2014 - 13:30 | 4874404 Silky Johnson
Silky Johnson's picture

Fuck that old bowl-cut headed motherfucker. She stinks!

Thu, 06/19/2014 - 13:28 | 4874393 astoriajoe
astoriajoe's picture

when does that 1% limit on silver moves come into play again?

Thu, 06/19/2014 - 13:51 | 4874513 Quintus
Quintus's picture

1% limit applies to gold.  Silver has a little more flexibility than that.  The fact that Gold is up 2% as I write is extremely unusual and makes me think something out of the ordinary is taking place behind the scenes.  Still it has happened on occassion before, so no doubt it'll be 'Handled' by the usual suspects in the usual way tomorrow.

Thu, 06/19/2014 - 13:29 | 4874395 undercover brother
undercover brother's picture

dumping? if 3 S&P points down in 4 hours is now considered a dump, what are you going to call it when the S&P is down 50 in 20 min?

Thu, 06/19/2014 - 13:30 | 4874407 CrashisOptimistic
CrashisOptimistic's picture

We will call that slow decline.

The real decline is over some weekend, when it can't open Monday morning because the circuit breakers trigger from futures.

So don't think because you watch things you will ever be able to react.  When you need to react it will be closed.

 

Thu, 06/19/2014 - 13:47 | 4874484 SheepDog-One
SheepDog-One's picture

That's right, they'll all just be trapped like rats with no access to their precious portfolios. Then everyone will beg 'please save me, I'll do whatever you want!'

Thu, 06/19/2014 - 13:56 | 4874530 Market Rage
Market Rage's picture

Agree 100%

Thu, 06/19/2014 - 13:31 | 4874409 SheepDog-One
SheepDog-One's picture

Then the deer in headlights pic comes out!

Thu, 06/19/2014 - 13:46 | 4874482 Dr. Engali
Dr. Engali's picture

When the real decline comes it will be hundres of points off the S&P in nano-seconds.

Thu, 06/19/2014 - 13:56 | 4874529 madcows
madcows's picture

how long did the fat finger 1000 point dump take?  minutes?

Thu, 06/19/2014 - 13:29 | 4874401 Yen Cross
Yen Cross's picture

     The usd has a small bid under it... Must be all those paper P/M pushers getting worried.

Thu, 06/19/2014 - 13:30 | 4874402 alien-IQ
alien-IQ's picture

Dumping? Are we looking at the same market?

Thu, 06/19/2014 - 13:30 | 4874405 B2u
B2u's picture

BTFD

Thu, 06/19/2014 - 14:27 | 4874639 Poundsand
Poundsand's picture

The difference between the BTFD and BTFATH is getting smaller and smaller.  It's not dimes in front of the steam roller anymore, it's fractions of a cent.

Thu, 06/19/2014 - 13:30 | 4874406 madbraz
madbraz's picture

you mean, they are shorting the living bejesus out of the long bond courtesy of $95 billion in collateral provided by the NY FED prior to options expiration and quarter end.  stocks are down 0.2%, must be the end of the world.

Thu, 06/19/2014 - 13:31 | 4874411 Bastiat
Bastiat's picture

Right, another press conference:  Fetchez La Vache!

Thu, 06/19/2014 - 13:45 | 4874477 pods
pods's picture

Is it bad that I read that with the accent?

Thu, 06/19/2014 - 13:47 | 4874489 Dr. Engali
Dr. Engali's picture

You aren't alone there Pods.

Thu, 06/19/2014 - 13:50 | 4874509 Bastiat
Bastiat's picture

Who says Americans are uncultured?

Thu, 06/19/2014 - 13:55 | 4874526 madcows
madcows's picture

Here I am.

I fart in your general direction

Thu, 06/19/2014 - 13:33 | 4874417 Ness.
Ness.'s picture

The lows are in for stawks.  BTZHP(post).  Yen tractor engaged - 102.00 here we come.

 

 

Thu, 06/19/2014 - 13:34 | 4874423 Kaiser Sousa
Kaiser Sousa's picture

those mother fucking sociopath MoneyChangers r so predictable...

see how they slammed Silver and Gold goin into the close in New York to try and kill the rally...

http://www.kitco.com/charts/livesilver.html

Thu, 06/19/2014 - 13:43 | 4874467 fonzannoon
fonzannoon's picture

silver is a dirty hooker.   $20.70 meh

looks like the best chance for kaboom is brent crude.

Thu, 06/19/2014 - 13:54 | 4874524 greatbeard
greatbeard's picture

>> silver is a dirty hooker.

Yeah, well maybe.  But she's my dirty hooker.  Come to Papa.

 

 

Thu, 06/19/2014 - 13:47 | 4874486 NOTaREALmerican
NOTaREALmerican's picture

I was attracted to the anti-hopium flame of "dumping".  

Thu, 06/19/2014 - 14:05 | 4874551 disabledvet
disabledvet's picture

The prime objective remains real estate and real estate recovery. in places like California and Manhattan the "from bust to boom" has been truly spectacular...but even that sounds like it's leveling. The amount of real estate for sale in the USA have three decades of epic booms is truly amazing...this at a time when the internet makes for little need of the bulk of it to begin with.

our most valuable "space" is online.

land still looks enormously valuable here...but, indeed...we are making more of it through territorial expansion.

in a market like this "anything is possible." the problem with real estate is Federal Government involvement. The sooner the last of the "special programs" are unwound the better.

Thu, 06/19/2014 - 14:51 | 4874760 DebtSlaveZombie
DebtSlaveZombie's picture

LOL.  Yeah, S&P is getting hammered today.  Down 2 points.

As for gold and silver?  Post Fed short covering.  Futures markets were closed yesterday when Yellen discussed the market.  Today's the first day traders are covering positions.  This move is an obvious re-positioning.  Equities are unchanged and gold is up over 3%?  Yeah, short covering.

 

Thu, 06/19/2014 - 15:35 | 4874941 TabakLover
TabakLover's picture

Another nice call ZH!  Missed the LOD by 7 mins.

Thu, 06/19/2014 - 16:01 | 4875069 nink
nink's picture

BTFD WON AGAIN - everything is up !!!

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