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Markets Turmoiled As 5th Hindenburg Looms
Summing today up in 7 seconds...
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5th Hindenburg Omen in the last 6 days... Breadth todasy was horrible...
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Wherever you look today there was dramatic moves in markets - Treasury yields plunged, credit spreads blew wider (especially HY and more especially energy), VIX jumped notably higher, USDJPY collapsed, gold and silver surged, oil rallied modestly...
But then - shortly after Europe closed... someone (cough BoJ cough) decided to catch USDJPY at 117.95 and lift it miraculously 170 pips to save risk assets from a serious day...
3 hours to get it green
— zerohedge (@zerohedge) December 9, 2014
Mission NOT!! Accomplished...
The entire equity complex ripped higher led by "most shorted" stocks being squeezed and driving small caps to a big day... the Nasdaq avoids its first 2-day losing streak since the Bullard lows. But despite the best efforts the S&P could not hold green
Energy stocks were today's best performers...
Despite the panic-buying v-shaped recovery - on par with the bounce at the Bullard lows, stocks remain red post-Payrolls...
Volume faded away on the upswing as one would expect...
Notably while VIX helped it did not ramp like stocks...
Treasury yields bounced but 30Y remains down 9bps on the week, flattening significantly...
Crushing the yield curve to iots flattest since 2009
The USD slid for the 2nd day in a row... but bounced hard after Europe closed...
But gold and silver surged (and did not lose much as everything ripped) and oil gained modestly...
While the broad HY market is indeed widening, the following chart should give some context (albeit comparing a CDS spread to an OAS is not perfect) on just how totally screwed the energy sector is...
Charts: Bloomberg
Bonus Chart: Who Do You Believe?
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something tells me end is slowly getting place within the decade :
news from french gov about region for shooting clubs :
renewal of the permit must be done strictly in the three months before the expiry of the authorization to the day.
Namely an authorization which expires March 9, 2015 the application must reach minimum 9 December 2014.
Attention: Service have instructions to systematically repress the files.
We are vigilant and let us be warned you will understand that it is useless to blame the service of the prefecture that only executes the instruction.
they are fucking gun owners, shit is coming.
whuh??
Last week's update on track...
S&P 500
http://www.globaldeflationnews.com/sp-500-indexelliott-wave-update-for-w...
DOW
http://www.globaldeflationnews.com/dow-jones-industrial-averageelliott-w...
Hindenburg Schmindenburg, everyone knows these don't matter anymore. Repeated many times, buy the dips. The algos do it.
Breadth todasy was horrible...
Sort of like the spelling checker you are using.
How many more omens do we need, until something really happens? 10, 20, 50, 100?
At least one more, apparently.
Well, when every Economic law and fundamental is basically tossed out the window while we ride a computer program, these portents mean nothing.
Hindenburg Omen will be the next stage of Hydrogen production cars released to public taxpayer financed roads. Once an accident, new reforms to kinder a blast in exciting new mandated reforms to protect the sheep on a force feed technology to compromise Central Planning directives.
We should run a Central Planning Employee Special Olympics endowment to honor Central Banking lower IQ deficiency. Unfortunately, all the proceeds will be sent to people who need help. Don’t patronize me on we need a new TARP bailout. I don’t need money. You’re a bank that cannot manage a ledger. Fucking scumbags.
The Hindenburg Omen is about as useful as a buggy whip in Los Angeles...Just say'n...
Why did I immediately think kinky thoughts when I read "buggy whip" and "Los Angeles?"
OK, other than S&M....
Fifth time's the charm...
Trouble ahead...
Summing it up in 2 aeconds.
We are all fucked.
No.... This is worse.
Not very long from now, we'll probably look back on the days of when we were just fucked with fond memories.
Izzy says .....one Hindenburger.....SUPERSIZE!!!!!
8 more hindenburgs to go...
I'm counting to the 13th hindenburg at least, or if someone actually jumps
this might help.
http://michaelekelley.com/2014/10/16/8-things-to-do-when-recession-happens/
thanks
You didn't build that Hindenburg.
You gonna burn when it crashes though.
Welcome to reality, sheeple.
Oh, the liquidity!
401Ks are about to get vaporized.
LOL….
for good this time.
The Hindenburg Omen is a useful predictor only of ridiculous posts on ZeroHedge. Every time the Omen appears, there is a silly post on ZeroHedge about another Hindenburg Omen.
The fed is trading on the Hindenburgs!
"OoooooooH! The humanity!"