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European Stocks Slide Below Key Support Level
As Europe's triple-dip recession arrives, European stocks are breaking bad...
STOXX50 <200ma
DAX <200ma
CAC <200ma
IBEX <200ma
FTSEMIB <200ma
FTSE100 <200ma
Charts: Bloomberg
Bonus Chart: In Europe, central planning powers appear to have achieved optimal control over the credit markets (keep rates low for everyone) and have left the equity market to its own devices... In the US, it's all about stocks for confidence...
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So for Europe, stocks are the "tell" that all is not well; In the US, credit is the "tell"
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No, they fell below a line on a few charts. Support levels are wherever the central banks think they should be.
BIG BOTTOMS! BIG BOTTOMS! TALK ABOUT BUM CAKES MY GIRLS'S GOTTEM!
BIG BOTTOM'S DRIVE ME OUT OF MY MIND!
how can I leave this...
BEHIND!!!!!
Knock knock knocking on one year lows.....
DAX 200dma is at 9373, not 9566. Disinformation much?
Only for so long. They don't control reality, just balance sheets. They are playing monopoly while people go jobless and hungry. It will only be so long until the camel breaks its back.
So when is Draghi's next jawboning session?
Come on Super Mario, threaten some more stuff. Putz.
pods
Shhhhh...nobody tell Nouriel "200DMA" Roubini about this.
Lol.... That is pretty damn funny.
phucking hilarious actually.
"Reductio ad absurdium."
There is a science to it actually
It's MEANing is just the beginning.
President Ebolo indeed...
Ummmm..... walking might be difficult for the lion. lmao.
Priceless. New high william.
those are some nasty looking charts
Stocks are getting crushed today and it looks like we have capitulation at the top. It's a long way down now that Bernanke, Draghi, and Yellen, at the behest of LaGarde et al have inflated all fiat currency.
The.market.is.rigged
Fucking 1300 spy points up and it's all fake and 25 spy points down and we have a real market????
They control forecasts, they control inputs, but they don't control real output. This won't go on forever. In fact, as soon as the last ZH has given up and stopped yelling gold bitchez from the top of his lungs, it will likely go to dust.
They can only print their way out long enough to all get off the sinking ship.
And the ship is sinking.
Sorry, but I don't believe that stocks will go down in any major way unless there is something big to blame it on. The central bankers have too much invested to let this pig collapse in a way that their policy failures come to light.
There will always be something to blame it on. Once a financial bubble has been inflated as much as this one has, with all the attendent risk and low tolerance for error, something will come along to knock it all down. And the difficult breakdown will be blamed on that something, not on the highly-leveraged and badly-managed financial and economic environment that led to the heightened sensitivity to risk in the first place.
Can you elaborate on precisely what it is that central bankers have invested too much of to let this pig die? It certainly isnt their money.
Thanks.
They have the status quo invested in it. The fed knows that growth is dead and not coming back and the 80's and 90's debt fueled economy was an anomoly. So they chose zirp and every pension fund etc is now clinging to spy and some bonds for survival. The fed could give a flying fuck about a few people holding hard assets. They have gone all in to maintain the system and certainly won't voluntarily throw it overboard.
Fonz,
Let's think about the consequences if the Fed does say Fuck it....
They have their credibility (laugh) on the line. They have staked the whole illusion of a recovery on rising asset prices and the stock market is the policy tool at the core of their treachery. There is no way they let it collapse without a false flag or something else giving them cover. There is too much at stake for them.
Well I do agree on a false flag to provide cover for the collapse. I don't really think they give a fuck about legacies or impressions left. My opinion is that they are paid (very well in off the book benefits) to do whatever they are told to do, commonfolk be damned.
I just think the oligarchs are out of the market. Now it's time to crash it so that they can buy CONTROL of real companies (junior miners for example that are damn near out of cash and about to go tits up).
How about the default of a central bank itself?
Am I the only one who pronounces CAC 40 "cock 40"
That is the correct pronunciation.
COCK.
... 40 what?
Cm
Something has to break..and break big..for the rush to fear to come to the markets.....they sure are not rushing to PMs yet...
it'll come ... gave up guessing when long ago
i will say this - the longer they prop it up ... the bigger the splash when they finally lose control
The DAX chart is a train wreck, on all time scales up to monthly, where it has broken long-term trendline support. And this is the economic engine of Europe. Looks serious.
if core countries are falling back into a recession ... Look out below!
BTP. Buy the post. 2nd time today. Works every time.
Only on very short time frames.
2009-2014???
The two "stocks are collapsing" posts today (9:37 and 11:34) saw immediate reversals in equities within minutues, placing a floor on the current move. Just sayin' I know causation/correlation blah, blah, blah... it's still a great trade and it's damn near guaranteed $$.
you say the The DAX chart is a train wreck, but it is still 1000 points above the 2008 high....
Sorry, my bad. Incipient train wreck.
more like a space ship "coming out of warp a little late."
makes me suspect a rip your face overnight ramp comes our way?...however no POMO now until Tuesday..so a Central Banks buying Index Call frenzy, enough to stop a lot of shorts out, tempted to buy some weekly Calls, seen this happen too may times
Is the blue credit curve yield or price?