This page has been archived and commenting is disabled.
Dead-Cat-Bounce Done As Dow Dumps 200 Points; Oil, USDJPY, & Bond Yields Plunging
All of yesterday's v-shaped recovery gains off the lows are gone as the S&P tests new lows and the Dow is down over 200 points. Treasury yields are back at the mid-October Bullard lows - due for lowest close of the year. Oil has collapsed to a $60 handle (now down opver 8% on the week), as Energy stocks have crashed, giving up all of yesterday's bounce agains. HY credit is blowing wider as HY Energy breaks above 930bps!! USDJPY is tumbling. VIX is up at 17.5.
USDJPY dumping and in charge below 119.000
Oops...
Oopsier...
The S&P is now at one-month lows - back to pre-November payrolls levels...
Gold and silver are steady as oil crashes along with bond yields...
Energy credits are crashing... implying stocks have a lot further to fall.
Charts: Bloomberg
»
- 14868 reads
- Printer-friendly version
- Send to friend
- advertisements -
BTFPost.
Hammer timer!
Ohhh..ohh..ohh.....
Expensive pay per view....
Get real quick.
RIPS
fishez...
Baltic Dry Index ain't doing so hot either (at 911, see it at stockcharts.com, ticker $BDI)
Where's that 'Fear and Greed' Index number?? Oh, here it is:
http://money.cnn.com/data/fear-and-greed/
I'll give away the ending: FEAR.
Thankz ZH for calling another drop. Death, taxes, and market rising after ZH calls out a minor drop. btfd until no more such posts.
What are you babbling about? It's not a "call". it's reporting a number- Tyler ain't in the business of being a shill, dude.
Go sell your 4 shares of Apple if you can't take the heat- or better yet, wait until it's $90 and sell "because you can't take the pain anymore"
Get to work Mr. Yellen.
It's almost 3:30
KEVIN! PUT DOWN THAT "ETF'S FOR DUMMIES" BOOK AND REPORT TO YOUR DESK IMMEDIATELY! - Boss Hogg (I mean Yellen)
Sorry, didn't mean to offend, just noting the eerie correlation between such posts and the markets going back up. I know it wasn't a "call" by any means, Tyler doesn't do that.
Careful there Half - people get banned for that shit
Thanks SSS, wouldn't be the first time, probably won't be the last. Though usually it happens for bad mouthing mother russia and father putin. Some fight club, huh?
1st RULE: You do not talk about FIGHT CLUB.
Bad boy, first rule.
Is okay. PPT (BoJ, PBOC, ECB, Belgium, someone, anyone) will ramp this bad boy back up by Friday. If you can afford some lotto tix don't bother. BTFD has much better odds.
I'm not saying go all in but if you want to throw money away, gamble on the surest bet around.
if anyones trading the lows for the day (equities) are almost in, this is IMO not a bash on ZH
I dunno, yen still moving down, oil staging a comeback but it looks contrived, vix still rising. I would wait it out.
“as the S&P tests new lows”
Wake me when we get to 665.
nm
duplicate
Barring a stick save news release this could be ugly today (:-))
Let us hope so. This is a 'it's about time' corection. I think Thursday and Friday will continue the trend, it is way overdue, Santa Claus rally be damned.
Meanwhile, I'm facing the 'storm of the decade' and may be off the internet by tomorrow. Glad I'm off the grid with my own power system, because most of my neighbors will be power-less by tomorrow morning if the forcasts are half right, and so far, they are right on.
Bring it on!
markets woke up and noticed oil. now what? another dip to fed chatter?
or a down right ugly correction to bath drain plug pull w/limp sudsy baby?
Stay dry and keep the window shades down.
Algo robots must be tripping over top of all those 1's and 0's the puke a million times a second. Gota hope the damn thinks take a powder and the folks who own them along for the ride.
Order becomes chaos wins, vacuum must be filled wins, the laws of physics must be obeyed.
DEFlate
God, I cant wait to hear all the RINO, NeoCon, Shale Nuts, trying to explain how this is "just temporary" and "we are capitialized to weather $30 a barrel" etc etc, as they piss in their pants and cry to Big Daddy Obammy for a bailout!!
Forget about that shit, Bozo hates the oil industry as much as you hate him, but there's one difference, until 2017, HE'S running the .GOV money printing scam and YOUR NOT! So my gut feeling is, he and his minions are going to have the best Christmas of their lives, watching YOU CLOWNS roast like popcorn on the open fire, but try to keep the screaming down though, "the girls" don't want it upsetting their festivities at the WH!
BTW, I love the invasion of the RINO, NeoCon, Shale Nuts thats happening on ZH, down arrow away you little delusionl fucks, I know I Know YOUR BS Charade was the ONLY thing that was real since 2008, RIGHT? LMFAO
Will see soon, bullshitters, the Saudis are holding a pair of aces, and your being called to the fucking table, and you can talk big and grab your nuts and dance around in your sunglasses ONLY so long before you drop your pair of jacks! (and they wipe the table clean)
He'll take the money tho.
Just like the rest of us I imagine.
"Just blame the CIA!"
"Bozo hates the oil industry"
You little prick have bet the farm on raising oil prices havent you?
Well Obama does not owe anything to the oil companies and his responsibility first and foremost is to the American people and we need lower oil prices at the pump.
Arius, you left out the sarc tag, right?
I mean, you have GOT to be kidding me...
love it. no nut NWO cons
oil doing its best impression of 3:30 ramp
Can they get oil above 61 before pit close. Lets see. tick tock goes the clock.
LOL!!!!! CL-60.97
That last chart on energy credit in particular.
"Turn out the lights the party's over!"
Dandy Don Meredith
bot some XLE on the ZH bottom tick
yeeehhhaaawwww. Bear market is OVER. whew
you must be new here?
Was there a Europe close ramp today or did I miss it when I went out for lunch?
Lol DOW puked 30 points while I was typing that.
die u fuckers...
DIE!
It's German! It means "THE u fuckers THE!"
Looks like the BOJ is going to have to blow the tanks again later.
Nikkei 225 17,156.00 17,412.58 17,540.00 17,151.00 -256.58 -1.47%
+ 1 for excellent visual...
Those assholes are only running on fumes in the tank.
Fine by me.
I've been watching this whole thing circle the drain for so long I wish I could change my name to "Vertigo."
C'mon certainly there must be some pimp power left in their tank, they can re ramp this garbage fraud market anytime they feel like it!
PAGING JAMES BULLARD........PAGING JAMES BULLARD..............
65 mins to the potential rampfest.
maybe they use oil down to give the excuse to do nothing and not hold the line
Ho Ho Ho! Merry Fishmas!
Merry Fist Fuck
ZH bottom tick, buy the dip now.
Too early but I'd guess Santa is coming soon.
The only question remaining is how low do these broken markets have to go before Ms. Yellen attempts a stick save, which will ultimately fail.
she is busy reading childerns books to the elementary school in Boca Raton.
DOW / SP500 / NASDAQ all down 1.31% - identically - what are the odds?
Conspiracy!
http://abcnews.go.com/International/wireStory/iran-fall-oil-prices-musli...
now would seem like a good time to load up on some CAT - right??
Looks like the E-minis would do just fine if only people would stop trading them.
Oh great! the end of the world update...
Now we're going to go vertical.
Sigh...
Make it stop! Where's the Fed when you need them??? Oh, we still have an 1 1/2 hours left
Yup.. let's see the turn around starting at 3:30. I don't think we're making the whole thing back but .. humm... SPY dip of 0.25%.
No shit. Someone will start the panic ramp at ~ 330. It's so damn predictable.
Hope stock bulls like cheap oil because this is just a warmup as the Saudis dump stocks across the board to pay the guards and army and police as well as imams. Lot's of monthly nut to keep the peace in Saudi Arabia while they fuck over the ROW with impunity, or so they imagine.
Quick time to pull out another Fed talking head proclaiming rates won't likely move to 2016 or egads, the bazooka, "QE is never off the table"....that should be worth 500 pts...
Ever notice how the market likes to hold itself hostage when interest rates and QE are up for debate.
There can be no debate. If you don't give me what I want, I'll jump! Jump I say.
I wish somebody had to balls to say Fucking go ahead. Make my day!
The world won't be any worse off if a few Billionaires have to trade in their Ferrari's for BMWs.
Yep, jump you fuckers jump!!!
SPY Dow Wipes Out A Month Of Gains In Past 3 Days, 2 Key Economic Indicators Suggest Trouble for Stocks is Ahead!
http://investmentwatchblog.com/spy-dow-wipes-out-a-month-of-gains-in-past-3-days-2-key-economic-indicators-suggest-trouble-for-stocks-is-ahead/
The IWM (Russell 2000) has made a roundtrip of Oct. 27th to Dec. 8th since 11:00 am yesterday. That is certainly normal and good for the "markets". Do I even need a /sarc?
Short short short, triple your money on a day like this. I'm going on a three-week St Croix vacation with 1/100 of the proceeds.
I love this system.
PS: I'm also a farmer who feeds people, so I can afford to hire a hand to watch my flock and stock. Wow!
Nice isn't it. there is no "skim" if there is no "volitility". At the end of the day, just be sure to save your wealth in real assets.
fiat is fiat and everything else is fucking noise.
St. Croix. Not the most glamorous island, but I visited many times when my grandpa lived there for 20 years. Always good to go back.
Now is probably a great time to sell the gold miners though.
Fuel is a major cost in mining...it is crashing...and...you want to sell the miners?????
No, you missed the joke. Al has a long history with gold mining companies (as an investment). He HATES them and apparently with good reason. I think they touched him in bad places once (perhaps repeatedly).
The fuckers running those companies couldn't find shareholder value if it was as easy as digging it out of the ground. They could be the worst destroyers of capital since the airlines.
Also, their cost profiles ridiculous when compared to the banks' alternative. Even the best have a cash cost of $600+/oz, where as the banks can produce it essentially for free.
Well, so far at least...
Yes. Mining stocks are a different type of animal. They hold great promise, but there are lots of convolutions to consider. I think the key is simply picking the right ones, right companies with solid management, in solid geopolitical territory.
...and don't pay more than 25% of what they're currently trading at.
Good! Gas is becoming very affordable. Throw it on these markets going down in flames to ensure there is no shortage of fuel to turn all these crap markets to complete ashes.
Come on Fed buttplugs! Get some more duct tape and patch this pig float and reinflate it! DOW must be 18k by Xmass.
Oh wow... censorship if you make fun of 6 years of bad calls, huh?
BULLISH!! something will fall out of the sky and the market will close green at the close. Same shit, different day.
DEFLATION IS COMING !
GET USED TO IT !
Price controls coming! Get used to it!
Oil drillers getting drilled. Down 5% or more today.
http://finance.yahoo.com/quotes/esv,rig,nbr,ne,sdrl
Ugly 1 year charts:
http://finance.yahoo.com/echarts?s=ESV#%7B%22range%22%3A%221y%22%2C%22in...
Smart money is exiting the theater before the fire starts.
Amon Tobin - Easy Muffin
Yes Atom, and Big money can't just sell, they have to wiggle the hook to get the fish to bite. That's why we are seeing so much volatility, it's the biggest bubble in history.
Prediction: a very wild roller coaster ride. Expect a lot of ramps and crashes and trade opposite of what you think you see.
Yes Atom, and Big money can't just sell, they have to wiggle the hook to get the fish to bite. That's why we are seeing so much volatility, it's the biggest bubble in history.
Prediction: a very wild roller coaster ride. Expect a lot of ramps and crashes and trade opposite of what you think you see.
I thought a dead cat bounced only once or twice? This particular kitty is bouncing like a pogo for about four years by now....
Distribution by the big guys in the biggest bubble in history. Of course it goes up and down a lot, otherwise they couldn't get out without getting creamed. The big guys don't like that.
Agreed, but I'd say that few if any on here would have guessed the Ponzi would have lasted so long.
If that geezer in the Treasury basement wants to secure this year's performance bonus, he'd better start booking profits.
WILL SOMEBODY INTERUPT MR BULLARD'S MASSAGE AND INFORM HIM THAT THE MARKETS ARE TANKING!?
but why? He is enjoying Janet Yellen's fingers...
My god! Stocks dump 200 points! Two percent off the all-time high from three days ago! Terror! Panc! Oh what will we do!
Factor in 50% leverage and a 2% drop rips your entire ass off.
Why would a 3% drop destroy my portfolio?
Buy, buy, buy! Prices will go back up!
zh strikes again. that dead cat will claw the bear's faces off in 3, 2, 1...
Looks like the next installment of the crash is well on its way. Perhaps more today. Certainly more in the future. Thank you for this article. There is enough indications of a further crash in the wind to warn all those who should get out. Some will never learn. Others will stick their heads in the sand and never know what hit them. BHO is clueless. The big bankers are living it up. Those who are planning for the glorious One World Government are not the lest bit worried. The ones behind Wall Street are keeping the things on pace for their desires. Somebody is going to be disappointed. Keep it coming!
I guess they had to get that 10yr auction out of the way, then let the farts out of the balloon for more repair patch application....probably ramp this shitshow green again before close. Enjoy.
Is 1.45% a lot? In FIAT terms that is.
Don't get excited...just loading up for the mother of all short squeezes into year-end
that's plausible. I think most everyone would say that. The larger issue is... Then What?
I make no predictions as to when it will fall apart, but it will. An unholy alliance of the Federal Reserve, the government, and the too big to fail has left those of us who question the validity of the recovery in a precarious position. For the big boys, its insider information and computer trading, this includes computing patterns that exploit where stops are placed, this improves their ability to wash the timid and weak bears out of their positions in this manipulated market.
Over the years we have witnessed the type of market reversal the big banks supported by the Fed can generate with a concerted effort to buy S&P 500 index futures at crucial support points. This has proved more than enough to turn the markets from red to green in the blink of an eye. The article below looks into why even if they are right bears should not be confident. This is a dangerous environment for all investors.
http://brucewilds.blogspot.com/2014/04/bears-have-little-reason-for-confidence.html
Then it's totally up to the Central Banks...what's new?
You think that works indefinitely? It appears the shelf life of central bankergasms is deteriorating.
BUllAAAAAAAAAAAAAAAAAAAAAAAAAAAAAAAAAAAAAAAAAAAAAAAAAAArd
Have just listened to the John Batchelor show as recommended by another poster and everything is rosy in the garden and looking forward to a bullish 2015.
Where's the ramp?!?!?!
...watch the yield on that 10Y T dropping ...
Dow back down 281: new lows in the next 6 minutes?
GOT to close off the lows.....
No surprise for those watching these charts...
S&P 500
http://www.globaldeflationnews.com/sp-500-indexelliott-wave-update-for-w...
DOW
http://www.globaldeflationnews.com/dow-jones-industrial-averageelliott-w...
The Dow will close the year within about 100 points of here.
CNBS Bullshit Parade with Siegel, then Langone classic top!
Got to have one of these odd down days to keep up appearances.
The American and world economy is in uncharted water and weird crosscurrents are clouding our economic future. Last quarter America's GDP came in at a strong 3.5% but the fact that a 10% jump in federal spending, mostly on Pentagon hardware bolstered growth and was very much behind the numbers.
This "pre-election" spending was the biggest increase in federal spending since 2009 when the Obama administration put in place a huge economic stimulus package. Mix in an upbeat November number concerning job creation, falling oil prices and ever higher stock market prices and new record highs and many people have the impression we are on a roll. The article below delves into some of the many crosscurrents at work that could bring the economy to an abrupt halt.
http://brucewilds.blogspot.com/2014/12/crosscurrents-cloud-future-economic.html