US Equities Tumble - Give Up All "Europe Is Saved" Gains

Tyler Durden's picture

But Banco Espirito Santo was bailed out... and Europe is fixed again?



Treasury yields are all lower on the day with the 10Y well under 2.5%


The driver for the weakness... as we warned earlier, USDJPY losing its overnight support...


Charts: Bloomberg

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eclectic syncretist's picture

Equities are not looking strong today, especially with so much air (margin/leveraged debt) known to be propping them up.  I'm hoping the downturn will be slow enough (like japan in the 90's) to allow the little guys enough time to wisen up and get out if they haven't already, but it seems unlikely given the confluence of destabilizing factors globally.

Save_America1st's picture

something's up...paper gold and silver currently getting whacked. 

Bossman1967's picture

Nothing up jpm just got fined for doing it and its Monday all is normal resume the position

Publicus's picture

Another Zerohedge article that marks the low of the day.

TheRideNeverEnds's picture

Just close your eyes and buy them. This is a chance to collect more free money. Buying here is a no brainer. Look at how fast they bailed out that bank this time. There is virtually no downside risk in the broad market at these levels.

Squid Viscous's picture

OK clown i'm all in !! 192.9 SPY yay! thanks for the hot tip. have they ever asked you to be on CNBS? you would be great...

Maybe you're trying to be funny like Million $ Boner? at least he has some substance in his sarcasm - but you just come across as a tool, in which case I take the clown comment back...

TheRideNeverEnds's picture

LolSPY why would you buy that? Man up and buy some e-minis, go hard or go home is what I say. Don't want all that delta risk? Sell some puts, I shorted more puts in the ES today in fact. I'm up three hundred per one lot already. Seriously, selling puts in the ES is like having your own printing press. You take heat for a few minutes to a few days depending on the timing but in the end it's money in the bank.

Bossman1967's picture

Dont look now markets going positive gold and silver going down the fix is in. Its Monday

Agent P's picture

Where's white house?  I want to learn how to make $9500 working 12 hours a week.

Jim in MN's picture

See, first you find some 'folks'....then.....

Keyser's picture

It's the big one Elizabeth!!! 

Bossman1967's picture

Arnt the folks a rival of the Crips?

oudinot's picture

Actually, White House works 9500 hours a year to make $12.

markar's picture

the agony of dyslexia

eclectic syncretist's picture

Maybe he started his 12 hour shift.

Or maybe he suddenly woke up and realized he's working about 60 hours a week for $0 here pumping his 12 hour earnings there.

Jim in MN's picture

Wake me when interest rates are normalized and psychopaths are no longer in charge.

Until then, keep stackin'!

Greenskeeper_Carl's picture

im beginning to wonder if i will live to see that(I'm 29)

813kml's picture

(29 - 29) + 7 = 7

Double hmmmm...

SheepDog-One's picture

But this one goes to 11.

logicalman's picture

A bunch of paper promises went 'poof' and have now been replaced with some new paper promises.

All fixed.

I Am Not a Copper Top's picture

Thus marking the bottom tick...

tickhound's picture

When we hear the cries of overSOLD, and the markets plummet right through these imaginary pundit lines of support, I'll start paying attention.

Al Huxley's picture

You're late, they've already bounced back.

jubber's picture

here comes yet another Gold and Silver smash and Oil getting swiftly knoocked back down for daring to move positive


Kaiser Sousa's picture

its almost everyday that in the last hour of trading in London that the Fraud markets rally and the slam on Gold and Silver accelerates.
just sayin

Kaiser Sousa's picture

and the beat goes on in Gold and Silver phony paper markets..

Washington, DC - The U.S. Commodity Futures Trading Commission (CFTC) today issued an Order filing and simultaneously settling charges against J.P. Morgan Securities LLC (JPMS), a wholly-owned subsidiary of JPMorgan Chase & Co. and a CFTC-registered Futures Commission Merchant (FCM), for submitting inaccurate reports to the CFTC relating to the required reporting of positions held by certain large traders whose accounts are carried by JPMS. The reporting violations occurred despite the CFTC notifying JPMS of numerous errors in its reports. The CFTC Order requires JPMS to pay a $650,000 civil monetary penalty to address its unlawful conduct.

The reports are known as the “large trader” reports and are used by the CFTC in order to evaluate potential market risks and monitor compliance with CFTC requirements.

CFTC Director of Enforcement Aitan Goelman commented: “The large trader reports are vital to the CFTC’s role in monitoring market behavior and are important to members of the public, many of whom rely on that information in forming trading strategies. Therefore, submission of accurate and reliable data to the CFTC is essential. The CFTC will be vigilant in enforcing these rules in order to ensure the integrity of the regulatory structure and to maintain transparency in the markets.”

Bossman1967's picture

Ill gladly pay 650,000 to make 5 billion in the manipulation .un fucking believable. Even the crooks get scamed

Keltner Channel Surf's picture

As expected, a return to Friday's lows for the Russell, with a strong bounce attempt in progress.  This is "by the book," bouncing almost to the penny where seasoned traders would have expected, so the big question is whether they can go up and eclipse the morning highs (easily done by 2013 Russell ninjas), or does this flounder like a fish on land and give us a more substantial break (?)  As I type this RUT is being frantically goosed, do they have enough ammo ?

asscannon101's picture

HUZZAH!! We've saved Greece- again!! No, wait...

_ConanTheLibertarian_'s picture
US Equities Tumble - Give Up All "Europe Is Saved" Gains.....before they shoot up again and end higher.

You know the score.

Burticus's picture

But, but, I thought bad news is good news now...or good news is bad news.

Dang, this central planning/banking bull$#!+ has me all confused!

The only thing I know for sure is that my stack of physical silver bullion bars & coins is real and the central/bankers & elephant/jackass costume wearers can't rob it with a couple clicks on a computer keyboard.  Oh, wait, I almost forgot that I lost it all in a tragic sailing mishap.  Never mind...

Bemused Observer's picture

Yes, they tell you gold is a barbarous relic, not worth spending your money on. Only fools chase after shiny metals.

And yet, this past week saw me sell a little over a pound of old 12k gold-FILLED eyeglass frames for almost a thousand FILLED. Refiners are now scooping up gold-filled stuff to get at the gold. And paying a lot for it.

I know a bit about the refining process, and getting at the gold in gold-filled is a messy business involving acids that are often thrown in the faces of women in some countries. Those women (the ones that live) all look like melting candles now...And you have to get all up close and personal with several of these acids during the process. No way they are doing this for the current, official price of gold. In fact, up till a few years ago you couldn't give away gold-filled stuff, few refiners would take it unless you were talking truckloads. And eyeglass frames are the 'trailer park trash' of gold scrap...
Now they are buying them. Check Ebay, see what some of these lot's go for, it's crazy. Unless gold is actually very underpriced, and getting harder to buy from traditional sources...THEN it makes sense.

101 years and counting's picture

call your local fed printer if your market erection lasts fewer than 4 hours after a bailout.

Spungo's picture

I make $9500 per week selling cocaine. You should sell cocaine.

_ConanTheLibertarian_'s picture

You forgot to link to your spam website.

Badabing's picture

If the White House dick makes $9500 in 12 hrs why does he waste his time spamming?
Just logic

Hindenburg...Oh Man's picture

ZH misses the bottom call by 4 mins. that's a huge miss compared to normal. 

icanhasbailout's picture

Evidence continues to accumulate for my theory that HFT bots trigger on ZH headlines

Jim in MN's picture

Nervous Nellies at the Treasury/Fed???  Maybe the ZH pops up among the porn feeds.

Keyser's picture

More closely correlated to the numpties on CNBS... Cramer the Clown slammed Michael Kors this morning before the open... The rest is history... 


jtz5's picture

I agree.  Tylers, let's do an experiment...

Kaiser Sousa's picture

and why the fuck is the phony paper price of Gold and Silver being shat on....?

"WASHINGTON (MarketWatch) -- General Motors GM +0.98% disclosed in a Securities and Exchange Commission filing that the Department of Justice has subpoenaed information about the subprime auto loans its General Motors Financial division has made since 2007 over a possible civil lawsuit. "Among other matters, the subpoena requests information relating to the underwriting criteria used to originate these automobile loan contracts and the representations and warranties relating to those underwriting criteria that were made in connection with the securitization of the automobile loan contracts," GM said. According to data from S&P, GM is the number-two securitizer of subprime auto asset-backed securities, behind Santander Consumer USA SC -0.94% ."

jubber's picture

Gold and Silver LOD . attention now to get Oil back negative what a fucking manipulated pile of shite this all is.