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Stocks Plunge, Give Up All Post-FOMC-Minutes Gains Following VIX 'Fat Finger'
Who could have seen that coming?
VIX 'fat-finger'-ed lower... but failed...
when that spike happened (dark pool puke?) - volume exploded in VXX
and then the selling began - Nikkei and Dow red post-FOMC now...
Now all the indices are red post FOMC
as the S&P catches down to HY credit and Treasuries...
As stocks realize the error of their ways...
Charts: Bloomberg
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It's like "the market" is manipulated or something
"I sense a great disturbance in the force; as if a million tiny muppets all cried out in terror, and were suddenly silenced."
[sound of respirator]
Jeebus. Have you ever heard the Emperor LOL?
[sound of respirator]
Makes my armor crawl.
[sound of respirator]
Do I feel warm?
[sound of respirator]
someone knows a New ebola patient in Dallas is about to be announced today......gl
Now THAT was a stop run!
When the Amityville Horror house starts screaming "GET OUT!" at you, it would be wise to do as it says.
Confidence has been lost in this market and won't return until the Fed turns the QE taps back on again.
what ever happened to "STABILTEEEE!"?
Gravity?
"Traders" in these un-rigged, efficient "markets" getting their stopped out asses handed to them daily, in both directions, with a giant dildo, complements of Troll-Yellen & all the CBs.
If you know its coming then you know the "New Normal" rules of engagement. Play their game and laugh all the way to the bank.
reminds me of my favorite Banzai image.
Hedgeless, thats right up there with the deer....
Imagine if they'd made that movie with Janet...then realize that in real life they actually DID put Yellin in charge.
why? cuz she's a wymyn™...sort of... and isn't that ALL that matters?
"Confidence has been lost in this market and won't return until the Fed turns the QE taps back on again."
Don't worry the central bank has other "tools". Relax and buy stock. Really don't think anymore. The central bank is in control.
Dear single-down-arrow, relax, its mockery. As in ' I mock your non-existant Central Bank omnipotence. I call mockery on your hooha.'
Something like that.
Since the currencies are all fiat and since fiat can be produced at will. I expect that the Fed will continue to 'get busy' and do what it can for those who matter most. My only question is 'has their mojo failed'. I'd say Austin Powers is the go to guy for that question. My astrologer says yes, consult the greater Powers....and pay no attention to the little men behind the printing presses.
...in truth I can't tell which way to turn...
Yes, their mojo up and went. CB mojo died. A glorious event indeed.
Don't you have ANY faith in Mr. Yellen ?
It just hit Westchester NY
SUCK IT FONZ!!
Sounds like someone needs to wash the sand out of their vagina?
pods
Oh did I say something bad bout your honey boy?
And go pound the sand up your ass.
Only interesting people get banned. You'll probably be here forever.
gh0atrider was definitely NOT interesting
You musta missed his YT channel then...
No, you sounded like a guy/gal with Little Man Syndrome.
You know, the bureaucrats and little toadies that we like to roast here day in and day out.
What better way to "get back" at him then to take a shot at him when he is gone?
Most call that a cheap shot.
Are you and vastdom/VD related? Or is that mentality freely sloshing around the shallow end of the gene pool?
pods
You are bleeding out of your eyes headbanger.
Who could have ever predicted that the dow will be up another 200 points again tomorrow? Gotta maintain the 17k level at least until elections are over. Then we can let the bottom drop.
why? i think things could get a little "flashy" this afternoon. these wild price swings are a predictor.....
Like astrophysics - things get a bit off kilter, orbit wiggle, then suddenly spins out of orbit. Just saying ... markets feeling wobbly and it could lead to the whoosh - bottom falls out.
A spinning top is a better analogy.
We are at the wobly stage, just before it careens off, and crashes.
OH come on, nothing justs wiggles a little and then gets pulled out of orbit. Unless of course there's some huge gravity well just a little further out - something like a huge pool of negative potential, like a big mass of debt and leverage in a market.....
Oh....
Forget it.
heard that before
oh yeah, 2008
boom.
yeah, just like that.
provides a nice setup for the "tag" from the tag team-mate (Rethugs on deck to the "rescue" vs. "Hitlary")
you apparently are assuming that the elections will take place as scheduled .... (hint : never let a good crisis go to waste)
"assuming that the elections will take place as scheduled " why wouldn't they?...the illusion of choice must continue as the fleecing goes on. Pull that one away and then people may start actually thinking that voting for coke/pepsi -team blue/red really is rigged.
Yes, exactly
The cancelled election conspiracy has a logic flaw in it because it assumes the people in control are the people we are allowed to see. Bush didn't call the shots. Obama does NOT call the shots. And the people in control don't care how you vote.
Forgive my phraseology but it's just getting fucking ridiculous now, absolutely ridiculous.
But then the retail market is sitting on the sidelines, waiting to get in....yeah, right.
DavidC
I'd like to get back in.
I've put my mouth where my money is too...long treasuries as "shelter from the storm"...been pounding the table on treasuries (via economics) in my own way. Had a great investment year and am glad to have missed the whole psy ops of Mr Market going on 18 months now.
There is never a "bull market somewhere"...but there is Road Kill and "they don't call it vulture investing for nothing."
GTAT means time to start eyeballing the gristle.
La la la la la la what? La la la la la maaam we outa cool aid
La la la la la la.......
The question is was the fat finger human or digital?
DJA down almost 280 points, a "huge plunge" by the DOW according to Asleigh Banfield on CNN. Considering what just went on, on her "legal view" show, I expect the DJA to crash further. Banfield had two blacks on her show (in skin only) as I watched it, one the head of some black law enforcement organization who basically said you must obey the police. If the police ask to enter your home, you must comply. The defense attorney who followed, after talking about dialogue between police and the public, showed why he works for CNN and does no defense work. He echoed the mantra that you must obey the police, to help them deal with criminals. Left unsaid by both was the facts that the Ferguson police targeted blacks for tickets, that the Ferguson police arrested people at will and that no records were kept by the Ferguson police of citizen complaints for police brutality. That CNN allowed these two Oreos to represent all blacks says all you need to know about the abject failure that CNN is as a news organization. If CNN is this toadying covering criminal behavior by the Po-Lice, who knows what CNN covers up dealing with the fraudsters in business suits on Wall Street? Wait, let's ask Anderson Cooper, who now turns out to have been a CIA resource.
What do you expect anyone to conclude from this, other than the fact that you watch CNN? Were you at least in an airport?
Can't keep a bad dollar down
Weeeeeee it's in free fall right now
Paging Yellen!! Come to the PPT desk at once!!
Excuse me, I have some stocks to buy.
New confirmed Ebola case? Or maybe an Ebola case passed out on his keyboard.
ALGOs just had a divide by zero error and crashed. Not to worry. After reboot, this bitch will be surging again.
Did Gartman go bullish again? Oh wait yes he did.
HeHe
Pompous asshole.
you just severely insulted all assholes
especially Obala assholes..when you talk, they bleed
Fearless leader specializes in asshole abuse, just ask Reggie Love...
You know things are really getting weird when markets actually do seem to react to some alcoholic clown on CNBC that "only trades his own money".
Did I go crazy or are just all the others crazy?
But US still added at least another 1% or so of relative outperformance to the rest of the world over the last day's shenanigans.
30% of global GDP, 60% of global market cap, a deindustrialized consuming machine. How do we think this is going to end?
in bloody tears
i keep telling ya'll..
they gotta stop Silver cause they know thats the peoples money....
if this aint a blatant attempt to hold the 17.50 line i dont know how much obvious it could get...
http://www.silverseek.com/
http://www.kitco.com/charts/livesilver.html
and yeah im gonna keep sayin it...
I think it is safe to say that copper is the peoples money at this point.
I think it is safe to say that IOUs are the peoples money at this point.
A bent iPhone 6 is the peoples' money.
tptb would prefer if flesh became the people's money. that is all.
Soon to be lead.
Giving or receiving is the question.
Beat me to it. Government realizes their authority comes at the end of a barrel of a gun. People will soon realize freedom comes at the end of theirs.
The only people's money is CREDIT CARDS.
The entire fucking nation is broke.
Long nickels with Kyle Bass.
weird how miners are all getting hammered with metal price rally.
Its almost like they are saying, "there's no metal left to leverage, so we better hit the miners"
astoriajoe,
Do you think the miners operate with positive cash flow? If so, why?
Mostly not, but slightly less negative today than yesterday.
All going off in Hong Kong tomorrow , Chinese will have to respond HangSeng futures off 250 points
Crude is relentless.
Eagle Ford nearing production cost. Expect ops to start scaling back. Bakken has another $15-$20 to go.
How can you possibly know that and why does it matter?
I would agree the only reason for the asshole Texans to be flaring is to gouge America yet again (motive, means, opportunity for 9/11 btw...probably no accident Ebola hit them first...publicly at least.)
I think the debate is irrelevant about oil..the new normal is natural gas and they're just throwing trillions away by planning to freeze everyone to death.
"When you're blowing billions why worry about a penny?"
The gas is only worth a small fraction of the value of the petroleum. They aren't going to stop pumping oil, just because they have to flare the gas.
Me.
Great time to be a small investor!
Like an ant in an elephant stampede.
If that Dallas cop tests positive, look out below. Speaking of which, why haven't we heard? (or have we?)
It won't be reported here when he tests negative....too much of a downer for the majority of the readers here.
Strange isn't it?
They can very quickly clear an addimited patient with Ebola like symptoms in NYC hospital in under 2 hours thru a whole 'battery of tests'. Yet this 2nd Ebola case in Dallas takes more 24 hours to confirm/deny infection.
That screeching you hear are the brakes being applied to this sell-off.
Edit: ok, I'll shut the hell up.
Na just another 200 + PT swing, no tells here nope none at all, the Nail Salons are full so everything if fine.
The boom in nail salons is definitely "more implied GDP". No doubt.
Yelling: "Kevin, this is no time to take your foot off the gas."
Kevin: "Yes miss Yelling but everytime I go take a dump the market dumps."
This is 99% due to Ebola because the moment there is multiple recorded outbreaks in a major city anywhere on the globe they know This is one thing central banks without question they are powerless to stop a market route...I personally think the market has topped for good and the wealthy are weeks away from liquidating everything in preparation ...
All those false gains from years of lies and QE and accounting fraud wiped in a month...
Already talking with friends about coordinating an exit from Manhattan...people will be too paralyzed with fear to go to work...let alone shop...who's gonna deliver the food? EBT cards are useless if you cannot by anything.... If your not scared of this primarily from how the animals will riot loot and kill and think the govt or police are going to rescue anyone your not paying attention.
Right now it's looking like a friends upstate farm with 200 acres loaded with firearms...
We sure didn't have these problems back in "our day" TJ. Wish our worst issue was a bunch of Redcoats chasing us around the Virginia countryside....
We've been told that civilization needs central bankers, too big to fail bankers, and stock markets to survive but that just ain't true. Everything goes on, it's just that we won't be able to afford to bomb brown people anymore or buy off other people. When Rome fell, the citizens weren't wiped out, they survived, the campaigning stopped.
ERY and SCO taking some of the sting off of the UCO/BNO augers
Heh-heh. That fat finger was more like a middle finger. Fuck you, VIX-slammers and Russell ninjas, you got your comeuppance, and well-deserved . . . er, ah ... that is, at least through lunchtime … wonder if they’re planning a reversal after the Fed Heads talk later today ? (Sad that it’s only 200 pts, and because it came early, per recent history, you're naturally skeptical …)
Shocking we saw resistance around the 1965-67ish zone (I know some ticklers above that) and the 1972-78 zone mentioned last week as a way for them to fuck with you saw a high last week of 1977.84 (dick teases are such ballbustahs). Shocking.
Will Russy pierce the most recent low of 1065.75? If so perhaps that sniffs out Spider piercing 1926 after VERY successfully testing it yesterday? Johnny5 might start swinging at 1935-42 and certainly 1926, or will he?
"Spider - bringing me a Cuddy and water, would ya"
They had you in 1935-42 for half the day and now the test of the recent lows . . . . . . .
Misprint above: "Spider - bring me a Cuddy and water, would ya"
Johnny5 frontruns again LOD 1927.56 he wouldn't let it test the two previous days . . . . . . . . . yet
It's not the length of the finger, it's the girth that really matters.
Down 247, up 247, down 247, God I wish my mother was still alive to witness this idiocy. I put a copy of the wall street journal next to her and one of her old quotrek machines in her coffin, hopefully she can tune in.
The swings get wider and wider as instability increases. Like a child's top, it moves smoothly while it's spinning well. But as it slows down, it starts to tilt back and forth in wider arcs right before it falls over.
Don't look at me, I didn't finger anything I swear
The one-minute spikes in the VIX, both up and down, happen regularly as part of bogus data feeds from the CBOE. The actual price of options on the S&P options, which are used to calculate the VIX, do not spike to produce the VIX spike...its a calculation error due to such a short snap shot of data.
Prepare for the ccoordinated international money bomb to end all money bombs. Draghi will print to the tune of $1T as will China, Japan and the US. The main "drivers" of growth are collapsing. Emerging markets are fucking stillborn. It's print or die, fuck or walk in the coming weeks and months. We are poised on the precipice and the central bankers know this. The alternative to not ramping up printing/spending is complete economic collapse and its concomitant socioeconomic meltdown.
And Radioshack is up on the day. Nothing makes any sense anymore!
I'd like to hear some informed ZH commentary regarding the following response posted on the jew-owned Free Republic site, in response to someone predicting the Dow going back to 8000:
"That is not going to happen. Dividend-seeking investors would step in first. If you could get 7% on Verizon, or 5% on Merck, or 6% on Chevron, people would buy them. They have the cash flows to maintain their dividends no matter what.
The reason it fell so much six years ago is that large institutions came under liquidity pressures, and had to sell off their good stocks to raise cash. That is not the case today - the big financial houses have more capital than they know what to do with. Large banks can only find good credit risks for 60% of their deposits, and are sitting on huge sums."
Thanks.
That is an utter load of horseshit. I'm going to step in front of a steamroller for a 7% div? And I even question those numbers. Those are fucking obscene dividends by any measure but the dividends, no matter how juicy, would never offset price depreciation. Whoever wrote that is a charlatan of the first order. Financial institutions can buy all they want on the way down. When the market is going lock limit down, we'll see how brave these motherfuckers are. He who sells first, sells best and it will be a race to the exits as brokerages, banks and the like are not in the business of holding and/or catching falling knives and losing tens of billions. What is more likely is the big boys katy bar the doors and let retail and small and boutique brokerages knife fight it out.
They're full of shit.
The markets have far more margin debt supporting them now, by a vast measure, than at the peak of the last pre-bubble period (2007).
Margin is a bitch and liquidity becomes a crisis instantly when margin debt is even half of the present levels.
There is no "real" liquidity now anyways, and everyone is counting on the implicit promise that CBs will be the only market makers when TSHTF again,
Remove central bank interference, the dow, S&P, all of them go down the shitter. End of story. QE might be done now, probably in favor of the fed secretly purchasing stock outright. If the fed is willing to buy all of the horseshit in the barn, the farmer is going to get more horses.
Nice Ebola cat bounce!
bye the fcking dip, dip, daa dipp dipp dipp, Oh baby, you know what I like
"When you dip I dip we dip"
Standby for panic buying melt up in 3...2...
no fears...Friday is just around the corner.
enni minni minee moe, catch a ===== by the toe
if he hollars let him go
and that concludes our history lession for the day, campers.
SPX daily shows just how much a shit show these markets have been over the last few weeks.
http://bullandbearmash.com/chart/sp500-daily-34-points-yellens-message-f...
Yesterday was a relief rally but not a reality rally.
Yesterday was a get out of jail free card for those in the caught with their pants down.
Guy on CNBC: it's important to sell at the top so you can buy at the bottom.
Damn, I've had it backwards all these years!
let me know when the s&p has given up 200 points. until then, this is all just drama. yesterdays ramp was right, BTFD. The FED has your back. if the markets drop, they'll just reinitiate the QE, or backdoor belgium qe. Its "print til the cows come home"..... to stabilize the economy and reassure americans and what not. the damned imbeciles don't understand that printing hurts everyone but the rich. when 90 percent are getting hurt with stagflation, they can't buy jackshit. which hits the rich guys. so, they print more. and the circle jerk continues until we can't tell the difference between america and zimbabwe.
btw, they've already destroyed the almighty dollar. it's no longer the worlds reserve currency. good job FED. you killed to golden goose. no more free money for you. you now own trillions in IOUs from a debtor that can never pay you back. Ha ha. Losers.
And the rats suddenly realise the ship might be sinking....
Last hour stick-save, or overnight ramp. I'm buying DAX CFDs at 8909, and Dow futs at 16910 [EDIT: 16610 was a fat finger typo]... and as I've said a bajillion times, I'm a permabear.