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What Happens Next?
UPDATE: Who could have seen this coming?
Yesterday's 'biggest surge in 3 years' ramp in stocks (following the release of September's FOMC meeting minutes) was, perhaps surprisingly, not unprecedented. When the Septemeber FOMC statement was released we saw the same kneejerk 'buy it all' reaction with a dramatic divergence between stocks and bond yields... so what happens next?
It appears credit traders (and hedgers) know...
And Japan realized overnight too.
Charts: Bloomberg
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Down 275
You're locked in now.
Good luck.
"Investors" yesterday engaged in a bit of loss taking.
/Assuming the opposite of 'profit taking' during a sell down is 'loss taking' during a cram-up.
Implosion!
What I tell ya!
US futures imploding now!
http://data.cnbc.com/quotes/%40ES.1/tab/2
Looks like the FED needs daily 'devaluing the dollar' announcements now to save their precious stawks.
Dollars exploding up .the last thing they wanted as they did everything to make it happen
Sell the f-ing rip time.
could explain the reversal in futures:
Germany's Merkel crossing; says looking to boost investment in Germany, also says terms of Ukraine cease-fire are not being met
Hong Kong meeting with student leaders has been cancelled
+ what ZH tweeted:
EU CONSIDERING EBOLA-SCREENING AT EUROPEAN AIRPORTS
SPAIN EBOLA VICTIM'S BROTHER SAYS HEALTH WORSENING: MUNDO
Is the nonchalant, casual approach towards Ebola by our governments surprising anyone? They must be celebrating in the back rooms on how to milk and take advantage of this, blame the whole mess they have created on Ebola. First it was the weather, then Russia, then IS, now Ebola. The fuckerz have now probably found the mother of all excuses - a possible Ebola pandemic, to hasten the destruction of dissent and democracy, and prepare their shady plans that await us all.
They'll fuck it up though, as they always do.
brace for impact...this is going to get very ugly. That was a total misinterpretation from risk assets last night. mkt was never priced for FED hikes anyway...what they told us last night is that things are much worse than even they originally thought....
global recession and war
The bipolar descriptor used by ZH is a clue. Gravity.
Up and down like a whores drawers.
Hmmmm....massive volatility does seems to indicate some sort of a move here.
Can't wait to see what it is.
Just another small trough......in a week this will be forgotten and we'll be above 2000 again.
To infinity, and beyond!
you mean these might be death rattles
And Australia....
Cairns Ebola scare: Nurse 'feeling well' amid Ebola scare after returning from Sierra Leonehttp://www.abc.net.au/news/2014-10-09/ebola-scare-woman-under-observatio...
the fed wants trading volume so the bankers get their bonuses
The only thing this circus needs now is a trannie midget riding a labradoodle.
With 3 titties hanging out, while juggling, smoking meth and reciting the Koran all at the same time!
Don't ask how that is possible.
reciting the Koran all at the same time!
Clearly nothing to do with islam.....
The last two days were almost exact in their movement. I'm interested how much trading volume there was on the 'up' day and the 'down' day.
Last years 30% rise in stocks reflects the cooked 2% rise in GDP? Seems legit.
I dunno; people are still too bearish for THIS to be IT. Maybe, just maybe this time...
American households are getting wrecked by medical debt - Yahoo Finance
They must be really stupid. Don't they understand that thanks to Obozocare, medical care is now "affordable"?
Obolacare. Destroy what's left of medical choice. Check.
All this "volitility", someone's making bacon...
Its a warm up. VIX is only around 17.
Wait until Ebola does the rounds.
I don't know, it must be central bank intervention that proprs the circus up so far, concerted and collusive central banking action. The big "invisible hand" of capitalism at work behind the curtain.
Yes someone is making money but for many traders it is like being in a washing machine. Wealth is slowly being washed away as stops are being hit on both sides.
Haven't you learnt after 4 years that every dip is a buying opportunity!!!!!!!!
says the wolf !
What happens next?
Read Little Red Riding Hood!
Our current economic conundrum is the financial wolf playing at being granny!
Poor little red riding hood generation heading for a fall or nailed to the wall !
Do we "Europeans" even remember our dark, old folktales?
Orpheus was the dark hidden man in Man according to Nietzsche (or was it Rilke?).
Uber and unter, what a study of opposites. I loved Nietzsche's superman theory, although its a fairy tale.
The Nazi version of "untermensch", the subhuman, has its hallowed place in Auschwitz.
Funny how true fairy tales get distorted in power politics by true pathological demagogues.
Gog, Magog and demagogue.
I prefer Aphro, afro (like Naomi C) and dite put together. Makes a sweeter Cocktail ! (No pun unintended!)
What happens next may depend on the dollars next move. For months the major world currencies have traded in a narrow range as if held in limbo by some great force. This has allowed people to think we were on sound footing as central banks across the world continued to print and pump out money chasing the "ever elusive growth" that always appears to be just around the corner. Recently some currencies have made multi-year highs or lows depending on the match-up .
The Fed wacked the dollar down but for how long? Because of weak demand for goods and most of this money flowing into intangible investments inflation has not been a major problem, but the seeds for its future growth have been planted everywhere. John Maynard Keynes said By a continuing process of inflation, government can confiscate, secretly and unobserved, an important part of the wealth of their citizens.
While there are not many Bond Vigilantes there are a slew of Currency Vigilantes and they are ready to make their presence known. Weakness in the value of the Yen, Pound, and Euro must not go unnoticed. More on why this may be a signal that currency trading is about to get very wild in the article below. Please note, this may also be sending a signal that the whole system is unstable and the stock market is about to drop like a stone.
http://brucewilds.blogspot.com/2014/09/caution-alert-currencies-may-get-wild.html
The fed pretty much announced they need to save the world so they will print, prices will go up in the game of musical chairs.
crash -> I go all in -> fed starts printing money again -> retire
Exactly, nothing, but more of the same. It is the ‘New Normal’. By now the bears have been pretty much gored to death. Earnings no longer matter, bad numbers, etc, all just mean the Fed Bank will create even moar money. It will never end, until it does. When it does, it will all collapse. They know that, you know that and even I know that. So, they can never stop, until they have to. And when will that be? Hope you have deep pockets, it may be a decade or more from now. They are holding up the entire economy of the world. They are gods to most.
Much the same has gone on in Japan for a long time. Finally the BOJ had to resort to outright stock purchases to support the markets. The Nikkei no longer reflects economic conditions, only the amount of bank intervention. Will the Fed ever resort to that? You bet. Too big to fail.
Could be a decade, could be tomorrow. How quickly everyone forgets the lessons of just a few years ago.
There's got to be a technical reason to short this market. There have been many short term technical reasons, you just got to have a short term target and stop. Same for other timeframes.
USA : An Albania wannabe country
maybe tey are just preparing the ground for the next strong republican leader in da US
a series of pumps and dumps for some months so that noone knows where to lokk anymore
timing could be good, and then a hardliner meets the sleeping ucraine conflict in a west/east split up world.
what a doomsday scwenario
one of our teachers told us something about weimar in germany, that noone knew ig he might get shoot walking down the street,
it was not only the fear for lost jobs, it was a deeper feeling of lost ground that days according to his speech.