This page has been archived and commenting is disabled.

Markets Are Turmoiling

Tyler Durden's picture




 

Things just went a little bit turbo in the world financial markets.

WTI crude continues its crash...  and precious metals are surging today

 

High yield bond prices are now below the Bullard lows of mid-October and spreads back at their widest since Oct20th.

 

 

Stocks are tracking USDJPY lower tick for tick despite a US open to EU close pump-and-dump.

 

as all major equity indices are tumbling

 

Bond yields are collapsing...

 

*  *  *

Things do not look great...

 

Charts: Bloomberg

 

- advertisements -

Comment viewing options

Select your preferred way to display the comments and click "Save settings" to activate your changes.
Mon, 12/08/2014 - 15:21 | 5529567 ekm1
ekm1's picture

As pre-planned.

This is just the beginning

Mon, 12/08/2014 - 15:26 | 5529581 LawsofPhysics
LawsofPhysics's picture

Please, the Asian "markets" look fine to me...

bust the joint out already.  Looks like "central command" forgot to wack gold.

FAIL.

Mon, 12/08/2014 - 15:26 | 5529591 IANAE
IANAE's picture

...crude oil futures below $63...

Mon, 12/08/2014 - 15:29 | 5529605 TruthInSunshine
TruthInSunshine's picture

This isn't shit, but it's the new "turmoil" based on New Abnormal standards, I guess.

When real turmoil sets in, we'll see 35% down in weeks to maybe a month, because the central banks could or would no longer manipulate "markets" in a coordinated manner, as they have over the past several years.

Mon, 12/08/2014 - 15:29 | 5529616 Dr. Engali
Dr. Engali's picture

Try nano-seconds. We vaporized some folks....

Mon, 12/08/2014 - 15:37 | 5529635 kliguy38
kliguy38's picture

heheheehe TURMOIL???      BULLSHIT......just the boyz puttin' in an ol BEAR TRAP on PMs........they don't want YOU in the trade....they shakeout the pussies

Mon, 12/08/2014 - 18:28 | 5530245 TheFourthStooge-ing
TheFourthStooge-ing's picture

.

This isn't shit, but it's the new "turmoil" based on New Abnormal standards, I guess.

Good thing these charts represent an imaginary market in a rigged system.

If they represented a real market in a fair system, they might be very mattering things.

Mon, 12/08/2014 - 15:29 | 5529608 LawsofPhysics
LawsofPhysics's picture

Yep.  Now make margins 100% and let's see where it settles.

Mon, 12/08/2014 - 15:37 | 5529633 ThroxxOfVron
ThroxxOfVron's picture

"Now make margins 100% and let's see where it settles. "

AMEN BROTHER.

While we're at it let's take the FED window to 3% and see how resilient the 'markets' are...

 

Mon, 12/08/2014 - 15:37 | 5529639 Id fight Gandhi
Id fight Gandhi's picture

$62? We will see 50s this week. And guess what? The spin will be oh how good for the consumers and retail sector.

Reality it's a red flag and sirens blaring.

Mon, 12/08/2014 - 15:42 | 5529658 nope-1004
nope-1004's picture

 

 

No way man.  I thank Mr. Obama for giving me healthcare and lower oil prices into Christmas.  He knows what he's doing and has my back.

 

- Ave American Slug

 

Mon, 12/08/2014 - 16:23 | 5529842 Id fight Gandhi
Id fight Gandhi's picture

Healthcare cos wrote the laws. They profit first from them.

Gov. Then gives credits towards the MONTHLY premiums people have to pay. So gov. Issues debt to pay the insurers. Monthly they price may stay the same, but they'll crush you in other areas.

Insurers next year are upping their ER visit co pays, prescriptions, tests all those pesky high cost things that rise double digits ever year.

Mon, 12/08/2014 - 19:58 | 5530553 SeattleBruce
SeattleBruce's picture

"He knows what he's doing and has my back."

Think about how pathetic it is that 35% of 'Murikans actually believe this!

Mon, 12/08/2014 - 15:34 | 5529630 InsurgoCasca
InsurgoCasca's picture

"If you want your turmoiling markets, then you can keep your turmoiling markets."

Mon, 12/08/2014 - 16:24 | 5529851 ekm1
ekm1's picture

year 1987

Mon, 12/08/2014 - 15:53 | 5529614 Obchelli
Obchelli's picture

Yes but financials are showing huge relative strength... So this is one day event JBTFATH

Mon, 12/08/2014 - 15:39 | 5529645 Alberich
Alberich's picture

If sending gold above its 60DMA is all part of the plan, then I for one welcome our central banking overlords.

Mon, 12/08/2014 - 15:41 | 5529653 Dr. Engali
Dr. Engali's picture

This is nothing. We are 15 S&P pts. down. This is nothing. When TPTB finally pull the rug out the collapse will be breathtaking....... bank on it. 

Mon, 12/08/2014 - 16:26 | 5529853 ekm1
ekm1's picture

year 1987

Mon, 12/08/2014 - 15:24 | 5529570 hedgeless_horseman
hedgeless_horseman's picture

 

 

If—
By Rudyard Kipling

(‘Brother Square-Toes’—Rewards and Fairies)

If you can keep your head when all about you   
    Are losing theirs and blaming it on you,   
If you can trust yourself when all men doubt you,
    But make allowance for their doubting too;   
If you can wait and not be tired by waiting,
    Or being lied about, don’t deal in lies,
Or being hated, don’t give way to hating,
    And yet don’t look too good, nor talk too wise:

If you can dream—and not make dreams your master;   
    If you can think—and not make thoughts your aim;   
If you can meet with Triumph and Disaster
    And treat those two impostors just the same;   
If you can bear to hear the truth you’ve spoken
    Twisted by knaves to make a trap for fools,
Or watch the things you gave your life to, broken,
    And stoop and build ’em up with worn-out tools:

If you can make one heap of all your winnings
    And risk it on one turn of pitch-and-toss,
And lose, and start again at your beginnings
    And never breathe a word about your loss;
If you can force your heart and nerve and sinew
    To serve your turn long after they are gone,   
And so hold on when there is nothing in you
    Except the Will which says to them: ‘Hold on!’

If you can talk with crowds and keep your virtue,   
    Or walk with Kings—nor lose the common touch,
If neither foes nor loving friends can hurt you,
    If all men count with you, but none too much;
If you can fill the unforgiving minute
    With sixty seconds’ worth of distance run,   
Yours is the Earth and everything that’s in it,   
    And—which is more—you’ll be a Man, my son!

Mon, 12/08/2014 - 15:26 | 5529597 KnuckleDragger-X
KnuckleDragger-X's picture

Turmoil is a good word for it, to be followed by train wreck, disaster and implosion.....

Mon, 12/08/2014 - 15:34 | 5529626 Eyeroller
Eyeroller's picture

Let's hope so.  Crash already!  End the Fed, and let markets be governed by fundamentals.

(Fat chance, but one can hope...)

Mon, 12/08/2014 - 15:41 | 5529661 KnuckleDragger-X
KnuckleDragger-X's picture

As long as they can prop it up for one more day, they will, but things are getting near the edge.....

Mon, 12/08/2014 - 16:30 | 5529873 FreeNewEnergy
FreeNewEnergy's picture

How can anybody down-arrow "If" by Rudyard Kipling. It's only one of the greatest works of poetry ever written.

There are some seriously ass-fucked people on this site, which shouldn't surprise me, because there are ass-fucked people every-fucking-where, but still...

If you can down-arrow Hedgeless Horseman for a Rudyard Kipling poem,

You're a fucking shithead, who should be ass-reamed by a gnome.

Mon, 12/08/2014 - 17:10 | 5529979 WarPony
WarPony's picture

"ass-reamed by a(n extremely large) gnome" in its entirety, sparing the lube of course . . .  fify

Mon, 12/08/2014 - 15:22 | 5529571 ukspreads
ukspreads's picture

Give me back my MONEY !!!

Mon, 12/08/2014 - 15:22 | 5529579 i_call_you_my_base
i_call_you_my_base's picture

Bankers: "Yours? LOL."

Mon, 12/08/2014 - 16:42 | 5529901 Nick Jihad
Nick Jihad's picture

You can't have money, but here, have this paper.

Mon, 12/08/2014 - 15:23 | 5529572 ukspreads
ukspreads's picture

Give me back my MONEY !!!

 

I don't know why it printed twice - Sorry !

Mon, 12/08/2014 - 15:24 | 5529576 silver surfer
silver surfer's picture

Freeze, repeat!

Mon, 12/08/2014 - 15:24 | 5529582 yogibear
yogibear's picture

Wall Street year-end bonuses are coming up. They can't let the market fall. Just a push higher.

It's all about the 1% and Wall Street now and transferring wealth from the 99%.

Mon, 12/08/2014 - 15:28 | 5529603 KnuckleDragger-X
KnuckleDragger-X's picture

Forgot about year-end bonus time. How about a chrome plated nailgun.

Mon, 12/08/2014 - 15:37 | 5529634 freewolf7
freewolf7's picture

Let's talk about it, over by this window.

Mon, 12/08/2014 - 16:07 | 5529770 foodstampbarry
foodstampbarry's picture

Shitgum stocking stuffer?

Mon, 12/08/2014 - 15:24 | 5529585 ZoroAustrian
ZoroAustrian's picture

And somehow US financials barely a scratch.  Wake me up when the problems are at the core, which is where the worst of the rot is.

Mon, 12/08/2014 - 15:24 | 5529586 Spungo
Spungo's picture

We turmoiled some folks? 

Mon, 12/08/2014 - 17:34 | 5530050 Dinero D. Profit
Dinero D. Profit's picture

 

. "I'll be long gone before some smart person ever figures out what happened inside this Oval Office."— Dubya, Washington, D.C., May 12, 2008

Mon, 12/08/2014 - 15:26 | 5529588 Jethro
Jethro's picture

"Everything is awesommmme!"

 

"Everything is cool when you're part of a team!"

Mon, 12/08/2014 - 15:26 | 5529592 williambanzai7
williambanzai7's picture

We turmoiled some folks...

Mon, 12/08/2014 - 15:26 | 5529601 Frank N. Beans
Frank N. Beans's picture

You and Spungo need to talk

Mon, 12/08/2014 - 15:41 | 5529662 ParkAveFlasher
ParkAveFlasher's picture

We Spungo'd some folks.

Mon, 12/08/2014 - 15:44 | 5529669 fauxhammer
fauxhammer's picture

They crudeoiled some folks

Mon, 12/08/2014 - 16:03 | 5529759 NoVa
NoVa's picture

We Bullard some folks!

 

Mon, 12/08/2014 - 15:26 | 5529594 Frank N. Beans
Frank N. Beans's picture

Release the Bullard!!

Mon, 12/08/2014 - 15:36 | 5529632 Eyeroller
Eyeroller's picture

Show him Medusa's head next time...

Mon, 12/08/2014 - 15:40 | 5529654 Bay of Pigs
Bay of Pigs's picture

Time to roll out the doves like Kocherlakota?

Mon, 12/08/2014 - 15:27 | 5529599 Dr. Engali
Dr. Engali's picture

And just like that the "market" is off the low. Lololololololo....

Mon, 12/08/2014 - 15:26 | 5529600 Shed Boy
Shed Boy's picture

Gee...my Gold miners seem happy. After loosing my ass on most everything else, I'm going to stick to playing the miners for a while. Much more predictable and they seem to be happy to have lower energy costs with crude down.

Mon, 12/08/2014 - 15:28 | 5529609 papaswamp
papaswamp's picture

Now Oil goes into the $62 range...I was off by a trading day...

Mon, 12/08/2014 - 15:29 | 5529615 STG5IVE
STG5IVE's picture

Heading into a Christmas selloff.  No GI Joe with the kung-fu grip for little Billy this year.

Mon, 12/08/2014 - 15:39 | 5529643 madcows
madcows's picture

plenty of iCrap, and Kindles, and video games.  Kids won't go without.  The parents might do w/o.  but, Johnny will get his latest electronic gadget.  Parents need serenity too.

Mon, 12/08/2014 - 16:45 | 5529917 Nick Jihad
Nick Jihad's picture

Measured in dollars per hour of child quietly occupied in bedroom or basement, and out of your hair, video games cannot be beat. And if they gain an education in the ways of car-thieves and prostitutes, so much the better! :-)

Mon, 12/08/2014 - 15:33 | 5529621 Neverstopprintingme
Neverstopprintingme's picture

just buy cameras on a stick!!!!!  hell buy it on a drone...i will not buy green eggs and ham...for camera on a drone i shall buy.  

 

which one of you forgot to turn on the computer this morning?  thankfully someone just remembered and we bounced hard off the lows.  

Mon, 12/08/2014 - 15:38 | 5529640 Shed Boy
Shed Boy's picture

Heres my stock tip of the day: DRNE Super cheap and I'm pretty sure the FAA is going to make free flight drones illegal. and as we all know, war is inevitable and their BIB (Blimp in a box) will be a hit for surveillance purposes...both abroad and here at home. I wish I'd have bought Lockheed Martin a couple of years ago...now I can't afford it. But DRNE might take off.

Mon, 12/08/2014 - 15:34 | 5529624 Shizzmoney
Shizzmoney's picture

Time for CTRL-P at 3:30pm!

Mon, 12/08/2014 - 15:44 | 5529670 papaswamp
papaswamp's picture

Looks like someone hit it early right around 2... Maybe they had Christmas shopping to do.

Mon, 12/08/2014 - 15:38 | 5529644 Spungo
Spungo's picture

It'll be fun to watch democrats get wiped out during this crash. The mindless drones who truly believe in the recovery are all-in this time. They will lose everything and once again question what went wrong. The economy just suddenly imploded for some reason!

Mon, 12/08/2014 - 15:43 | 5529664 Dr. Engali
Dr. Engali's picture

Yes, watching the republicrats and the democins get wiped out some day will be fun. 

Mon, 12/08/2014 - 17:42 | 5530072 Dinero D. Profit
Dinero D. Profit's picture

"There's a huge trust. I see it all the time when people come up to me and say, 'I don't want you to let me down again.' "—Dubya, Boston, Oct. 3, 2000

Mon, 12/08/2014 - 15:40 | 5529648 ThroxxOfVron
ThroxxOfVron's picture

Control Alt Depleted

Mon, 12/08/2014 - 15:41 | 5529659 wendigo
wendigo's picture

Someone smarter than me can determine whether this is a fluke or the start of the end of everything. In the meantime I need to procure more foodstuffs. 

Mon, 12/08/2014 - 15:46 | 5529674 papaswamp
papaswamp's picture

Remember...Dinty Moore canned goods have unlimited shelf life. Spam lasts forever.

Mon, 12/08/2014 - 15:47 | 5529686 joego1
joego1's picture

On a long enough time line spam lasts forever.

Mon, 12/08/2014 - 17:23 | 5530018 wendigo
wendigo's picture

All canned goods have an indefinite shelf life, assuming the can remains sealed.

Mon, 12/08/2014 - 17:23 | 5530019 wendigo
wendigo's picture

All canned goods have an indefinite shelf life, assuming the can remains sealed.

Mon, 12/08/2014 - 19:20 | 5530426 NoWayJose
NoWayJose's picture

Been to Austin, MN - smelled the Spam Plant - don't want to go back!

Mon, 12/08/2014 - 15:47 | 5529677 Banker Buster
Banker Buster's picture

They just V'ed this thing...again!

Mon, 12/08/2014 - 15:53 | 5529710 Conax
Conax's picture

<voice of James Earl Jones>

I find your lack of faith

- disturbing.

Mon, 12/08/2014 - 16:02 | 5529748 Bear
Bear's picture

W coming

Mon, 12/08/2014 - 15:46 | 5529682 blaireauhedge
blaireauhedge's picture

ZH calls the bottom perfectly. AGAIN! that is a 6 year winning streak.

I'm beginning to wonder if ZH is a tool of the PTB.

And I mean that serioulsy...

Mon, 12/08/2014 - 16:00 | 5529745 Bear
Bear's picture

No ... just good luck

Mon, 12/08/2014 - 16:05 | 5529767 blaireauhedge
blaireauhedge's picture

Wow... 6 years of good luck, to the minute...

I want that kind of luck.

Mon, 12/08/2014 - 16:13 | 5529790 Bear
Bear's picture

I think ZH is just hooked on the same (Bull) horns as The Bear ... We are constantly thinking in trading or fundamental terms and believing that ES acts like every other assets and believing that when there is a break it will not recover with a snap. But it does, so I think this makes us both closing in on insanity

My best friend has made 1.5 million in the last 18 months and I ... not so much. I feel very glum. Fighting the FED (and Feds) is a sad and lonely (maybe loony) business.

Mon, 12/08/2014 - 16:52 | 5529929 Nick Jihad
Nick Jihad's picture

It's not profit until you cash out, and arguably, not until you put it into a lasting store of value, which cash is not.

Mon, 12/08/2014 - 15:47 | 5529683 yogibear
yogibear's picture

In discussion with Obama supporters they really think we are well on the road to recovery.

MSNBC says so.

Mon, 12/08/2014 - 15:54 | 5529714 jubber
jubber's picture

Do w has now bounced 100 points...sigh

Mon, 12/08/2014 - 15:57 | 5529730 ukspreads
ukspreads's picture

But if the charts were inverted and we were in a bear market, none of this daily action, (but lower) would be toleratered and it would make national headlines

 

Cunts

Mon, 12/08/2014 - 15:58 | 5529741 tc399
tc399's picture

The market is dropping but US financials are still high because the market is pricing in what is about to happen but the US doesn't quite 'get' it yet:

http://badtidings.info/2014/12/06/why-the-us-must-start-a-war-with-russi...

 

Mon, 12/08/2014 - 16:04 | 5529754 Ewtman
Ewtman's picture

The stock markets are the last asset group to bite the bullet and roll to the downside. 

EWT updates for w/e 12/5/14

DJIA

http://www.globaldeflationnews.com/dow-jones-industrial-averageelliott-w...

and the S&P 500

http://www.globaldeflationnews.com/sp-500-indexelliott-wave-update-for-w...

 

Mon, 12/08/2014 - 16:06 | 5529772 Kreditanstalt
Kreditanstalt's picture

Relax...the V-shaped stick-save recovery is underway....

Mon, 12/08/2014 - 16:15 | 5529811 Victory_Garden
Victory_Garden's picture

Meh, just another day at the office.

Plummeting Oil Prices Could Destroy The Banks That Are Holding Trillions In Commodity Derivatives:

http://theeconomiccollapseblog.com/archives/plummeting-oil-prices-destro...

Extra Credit:

Currency War is ON! Chart: Euro strength against the yen puts pressure on the ECB to fire the next shot in the currency war with BoJ:

http://investmentwatchblog.com/chart-euro-strength-against-the-yen-puts-...

 

Mon, 12/08/2014 - 16:34 | 5529883 madcows
madcows's picture

let me know when the 10-yr is below 2 again.  Until then, it's just noise.

Mon, 12/08/2014 - 16:38 | 5529891 Hongcha
Hongcha's picture

Down not even 1%.

Mon, 12/08/2014 - 16:44 | 5529908 atoast2toast
atoast2toast's picture

you cant even draw a line on a chart without getting it wrong, the european close is at 11.30 est , not where you put it, you mongs

Mon, 12/08/2014 - 19:43 | 5530518 Lea
Lea's picture

At last, the gold is climbing to its true value. The masks are coming off, and soon, the house of cards is going to show itself for what it truly is. You can only manipulate reality so far. One day, it kicks back and it's not a matter of if, it's a matter of when.

Thu, 12/11/2014 - 12:32 | 5540485 Divided States ...
Do NOT follow this link or you will be banned from the site!