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US Financial Stocks Tumble Most In 2 Years, Catch Down To Credit, Red In 2014
Despite manufactured earnings reports that apparently 'beat' US financial stocks are the worst performer today and down 9% from its highs in mid-September. Today's drop in XLF - the Financials ETF - is the biggest since Nov 2012, and is red for 2014 now. Of course, this should not be a total surprise since US financial credit spreads have been flashing a much less exuberant tone for a few weeks...
US Financials drop negative yearo-to-date, down 9% from the highs...
as they catch down to credit....
Charts: Bloomberg
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This is the end
My only friend the end
Pack your shit folks....
Markets are rigged UP and DOWN. This seems entirely planned.
I'm the root of all that's evil, yeah but you can call me cookie.
Fat Lady just started singing support levels broken for second time today
I wonder how too big to fail is going to work if it all fails at once. Those margin calls are gonna hurt.
Mind the gaps in the candles.
Where's the deer pic Tyler?
That deer was made in sausage...last week.
On a quite serious note, regardless as to what any particular person believes about the state/status/motives/machinations/statistics/etc. regarding Ebola, there will be rapid fire new developments in the from of "breaking news" all day today.
Just sit back and take in a massive infusion of (IMO) total, unmitigated, poorly scripted bullshit.
And, although this is a total SWAG, I would bet many Yellens that really bad news hits after 4 pm est.
i've already put together a hazmat suit, incl. the M40-A1 mask as the cherry on top. don't be surprised when you see me walking through Malibu with it on for the rest of the year.
Tried to embed the deer pic, but I guess I'll have to jusrt link it, damn it...
http://i577.photobucket.com/albums/ss212/ritaoreilly/GIFs/deer.gif
I think we need to find a moose in the headlights pic now.
Shocked I am!!!
Those of u around for the '08 madness saw the same thing so far...
Plunging oil as market waffling off all time highs.
Then a plunging market.
Metals catch their bid.
We'll see.
Look at it this way: If the scripting is poor, the script writers suck.
Light my stock burning fire!
They only kept things alive long enough to get the right Ebola strain, hatched, Putin and Assad surrounded....now comes the fun. Honestly I have no clue whether Ebola is engineered, but the timing sure is interesting.
credit always knows....
It should be called the "Government supported and inflated financial sector".
It should be called the "Government supported and inflated financial sector".
It should be called the "Government supported and inflated financial sector".
3 strikes - you're out!!!
Some sort of computer spaz. Sorry about that.
Load up the truck?
too late
Moved the 401k to all cash on October 1. Just in time !!
Until you convert it to phyzz, farms, lead, etc., you are still completely exposed to the ponzi monster.
I'm up to my eyeballs in all of the above, including land. However these assholes still keep sending me bills that they want me to pay in cash with each month.
Hear you loud and clear. All we can do now is continue preparing for the day this crazy train veers off the tracks.
Hey but the Banks seem to be making money...so its all okay at the Deli today...
Beers are on me
Shots to come when QE4 announced.
Tis but a scratch.
WWFS?
Dont let Wadell and Reed trade today. 1 contract might drop the market.
time for some sweet sweet world war
ebola and and dirty bombs and suicide bombs and rebels and patriots
now with 3000% more explosions
humanity is a fucking joke.
One would have to have been truly blind not to have seen this one coming. That gaping maw between stocks and high-yield was beyond belief. The rotation out of stocks has certainly begun, but "out of stocks and into what?" is the question. It certainly isn't commodities, and the bond bubble has yet to burst. Real estate is starting to catch a cold, foreign markets are tanking hard...
Cash perhaps?
Tornado warning for DC, Arlington, Alexandria and more
PRETTY PLEASE!
seems too early to call an end. this is a shot across the bow for Yellen and friends to do something, like restart QE immediately. that the FOMC will conduct an unscheduled meeting tomorrow only confirms on Oct 30th they will announce a continuation of QE for another quarter. recall that QE is 'open ended'
I may be a gambler, but I'm thinking of BTFD around Oct 30th for the epic rally that will follow.
it will be interesting to see just how far they will go with the next round of QE. if 1.4 trillion is the total for this round, they might just have to go up to 2 trillion on the next. do they have the balls to go that far? i don't think so, too many consequences will have to be paid. but they've surprised me with their recklessness this far, so it wouldn't be unprecedented.
is this the big crash or just short term?
please let this be the fucking end of society, lets see bankers falling from buildings daily
Who or what is holding the russell up
Dont worry folks! The Fed will beat this mule back into green by the end of the day. The NY Fed and Chicago Fed will pump this bitch up. It will look bad if they keep letting the market fall.
Dow came down to -400... that way when it closes at -200 it wont look so bad.
Its not a straight line down..slow n steady steps to unwind this one im tellin ya.
Yes it will be blamed on the ebola russia isis..isil..etc..
They have total control..of you..and your fear makes control so much easier.
Edited to add : Aaaannnnnnd....here it is at 3:30 and what do we see?... dow down 215..and still climbing.
;)
Ill be here all week guys..and your welcome.
The central bank cant let the dow slip under 16,000 for any long period of time now, it would be in bad taste.
no one trusts the markets
no one trusts the financial institutions anymore
This bubble popping would destroy what little faith is left in the system completely.
By 2016 Dow 5000 S&P 500 will actually be "500", just because. . .
No surprise here...
http://www.globaldeflationnews.com/dow-jones-industrial-average-plunges-...