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US Bonds, Stocks Tumble As Dollar Surges On EUR, JPY, GBP Weakness
US equity markets are volatile this morning but appear to have now entirely decoupled from USDJPY as it careens headlong to new 5-year highs running stops to 106.00. US Treasury yields are tracking the collapse of JPY closely since the US open. EURUSD is also plunging (as did GBP this morning). Abe will be happy as JPY collapses so Nikkei futures surge... is this 'great rotation' from every asset in the world into the Alibaba IPO?
The USD is surging...
with EURUSD at 14-month lows and a 1.28 handle...
US Stocks decoupled from JPY carry... TSYs dumping wiuth JPY...
catching down to Friday's dismal data...
and The S&P has lost 2,000 again...
But Japanese Stocks are exploding...
Who could have seen this coming?
come on USDJPY. 106 or bust
— zerohedge (@zerohedge) September 8, 2014
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European Indexes turning red and S&P barely holding 2000 here....some odd moves showing up...time to crash?
ZH article on S&P losing 2000 in 3....2....1 no offense just sayin
...followed by the rally that triggers on that headline.
Not until 3:30...
I wouldn't call off 1/32 or 2/32 a "tumble" on the 10 year or long guy....
I thought all the buy-and-hold retail were taken out and shot. Except Uncle Warren and the other PTB fixtures. Who's really long, as opposed to buying calls?
are you ready to raaaaaammmmmppppp iiiiiiiiiiiiittttttttttt!
I'm net short and thus far I have nailed the fradulent top created last Tuesday. But don't kid yourself, The Fed is in this market by the minute. My bet was made on a geopolitical event, or/and, a bond / Currency collapse between now and July 2015. An event such as that would yank the reins of control from the Fed within an hour.
Precisely why I have made sure our crop areas and the people employed there have gone through a firearms training course. Both pistol and assalt rifle. Long and close-range. Should that happen, we become Pakistan overnight. Sad that humanity remains so tribal to this day.
S&P <2000 weird moves afoot, off 10
Stronger USD is basically a margin call on the financial system.
USD goes up, all else goes down.
Is NY Fed draining dollars right now?
There are certainly a lot of dollars that need to be extinguished, that's for sure.
$180,493,000,000 TOMO concluded 45 minutes ago.
Scramble for liquidity in the midst of the ocean?
the derivative abbyss is multiple times the depth of the ocean
Fucking Horseshit!
Enjoy it while you can banksters,,,Hunting season is coming.......and there will be no limits!!!!!
notice how once London closes the pump halts and the downward trend resumes...
there r no markets...just the phony shit show...
buyin more Silver but cant decide whether to pull the trigger now or later this week...
just sayin......
To me it looks like 2 more weeks of sideways or down before any chance of a rally, but who knows? 785 tons in GLD still at the 'market makers' disposal.
About time volatility picked up in USDJPY; that 101.50 - 103.50 shit was getting stale. As with all Central Planning from "the smartest-guys-in-the-room", there comes a point when they can't bullshit the market(s) any longer and 1) VIX explodes, 2) retail specs get stop hunted, and 3)major option players trying to pick up yield by selling naked options get monkey-hammered. Japan is a total demographic mess, and no matter what Abe does it isn't going to get people in Japan spending money. 106 is nothing more than another level to take out and shoot.
www.traderzoo.mobi
yes, and in the meantime, all those people on that island still need to import a number of essential commodities. Well, at least of they want to enjoy their "retirement".
The horrible GDP print and Abe being pressured about NOT increasing the sales tax are putting pressure on the ¥.
Traders are also skittish ahead of the Fed. TLTRO and Scottish vote all on the 18th. The strong $ is going to eat into exporter profits big time. Spending has been overdone for fiscal EOY for .gov and a lot of companies this month.
The "SHTF" is coming soon, to a theatre near you...
"The "SHTF" is coming soon, to a theatre near you..." -- Something my father has been saying since 1971.
The S has been HTF since then, the thing is we're all so used to being covered in shit we don't notice.
'So how can you tell he's king?'
'Because he hasn't got shit all over him!'
Monty Python
In the meantime, play em like a fiddle.
But not like oBUMMER......http://www.federalobserver.com/wp-content/uploads/2013/09/Obama-fiddles....
Looks like the USD is the new get rich quick penny stock momentum play. Hope this isn't a pump-and-dump...
Nowadays everything is pump and dump.....
Yeah, again, good luck unwinding that bitch.
I was under the impression (could be mistaken) that as the dollar becomes less valuable, it takes more of them to make up that loss value. So naturally in the stock market, the USD will continue to rise trying to make up for the lack of value. Am I crazy?
No your not crazy but it comes down to who is circling the toilet fastest and Japan is in the lead.
Not crazy, just wrong. If there are more USD relative to other currencies out there, then the DXY will fall. ie the USD gets weaker. For the USD to be getting stronger, there have to be less of them than the other currenies.
So, either the CBs are pulling liquidity (USD) out of the markets, or they are 'dumping' more of their currencies.
Is Japan the next up to pitch from the QE bullpen?
"Whatever it takes" Draghi is coming off the mound.
"Elevated valuations" Yellen is rubbing a sore shoulder and cleaning the pine tar off his hands.
So where is "Fuc To Market" with a dispassionate analysis void of hyperbole of the technical factors?
Probably at a Central Banker soiree in Brussels sipping champagne and eating Poroshenko chocolates.
KING DOLLAR!!! PAPER TIGER
And PayPal integrates Bitcoin: https://www.youtube.com/watch?v=pF7HxLCFMeY
We are in a serious recession for most of the country; the jobs report was horrible.
“The jobs of the New Economy,” says Dr. Paul Craig Roberts, “are in lowly paid, nontradable domestic services–the jobs that characterize a Third World Economy.
“Perhaps reflecting the collapse of retail sales, retail trade lost 8,400 jobs in August.
“’Professional and business services’ accounted for 47,000 or 38% of August’s new jobs. Of these 47,000 new jobs, 49% consisted of “administrative and waste services,” largely temporary help services.
“’Health care and social assistance’ accounted for 42,700 or 34% of the new jobs of which 53% consists of ‘ambulatory health care services.’
“Waitresses and bartenders accounted for 21,100 or 17% of the new jobs.
“There were 8,000 new government jobs or 6% of the 125,000 new jobs.
“That’s it. That is the job picture of ‘the world’s only superpower,’ ‘the world’s largest economy,’ ‘the world’s richest people.’ It is the picture of employment in a Third World country.
“And now for the real question: Are those 125,000 new jobs really there, or are they a statistical mirage. Statistician John Williams (shadowstats.com) says the jobs are a mirage produced by “the changing seasonal adjustments within the concurrent-seasonal adjustment process used by the Bureau of Labor Statistics” and by the birth/death model, which assumes that many more unreported new jobs are created each month by new start-up businesses than are lost from unreported business closings. Williams says that without the gimmicks used by BLS to create jobs that are not there, the actual change in August payrolls ‘was a solid contraction in excess of 125,000 jobs.’ In other words, the economy did not gain 125,000 jobs. It lost 125,000 jobs.
“Beginning with the Clinton regime, the American economy has only worked for the One Percent, and it only works for them because the government makes the 99 percent bail out the One Percent. The American economy is an Aristocratic Economy that works for the government-privileged few, but not for anyone else. To understand this hard fact, read Nomi Prins book, All The Presidents’ Bankers.
“Of course, the real figures are more like the Ten Percent and the 90 percent. The One Percent caught on, because the upper reaches of that one percent are all multi-billionaires with more money than a family could spend in multiple lifetimes.
“The time has passed when American corporations had a sense of social responsibility.”
Roberts points out that “the economic numbers are out of sync with one another…out of sync with reality”:
“One of the reasons the stock market average is high is the massive liquidity the Federal Reserve has pumped into the banking system since 2008. Instead of going into consumer inflation, the money went into stock and bond price inflation.
“Another reason for the artificial high stock market is the multi-trillion dollar buy-back of their own stock by US corporations. Many of these corporations have even borrowed from the banks in order to drive up their share prices with heavy purchases, thus maximizing executive bonuses and the values of stock options for board members. In effect, they are looting their own firms by loading the companies with debt in order to drive up executive and board incomes.”
http://www.globalresearch.ca/no-economy-for-americans/5400294
That should boost US exports....uh wait.
But the Yuan is pegged to the dollar and the Indian Rupee has been gaining against the dollar. With gold's drop in price expect massive Asian buying.
...do not be afraid; for these things must come to pass first, but the end will not come immediately. [/Luke 21:9]
The new carry trade will be USD/Alibaba?
BTFD
and yet again S&P 2000 regained, God this is so fucking tedious as the Russell suddenly spurts back to green
In their absolute grovelling desperation for yield, any return at all, the rats run from one "asset" class to another and back again, round and round, mechanically selling anything temporarily falling and buying anything rising, ignorant of risk and with absolutely no idea of VALUE...
"Investing"??? Hahahahahahaha....LOL It's betting, gambling...
85 is key resistance - a close above here and we should see US indexes get pounded
http://bullandbearmash.com/chart/dollar-daily-closing-841-resistance-exp...
commodities are already rolling over - oil needs to get below 91.2 to get into new territory.
This Nikkei dogshit just hit 15800+