This page has been archived and commenting is disabled.

Cromnibust! Hindenburg Cluster Grows As Crude, Credit, & US Government Credibility Crash

Tyler Durden's picture




 

UPDATE: US equity markets have tumbled further after-hours and are now negative from yesterday's close

 

Because everyone knows...

 

Yet another Hindenburg Omen today... (note yesterday's very late crash in stocks managed to invalidate one of the indicators factors but the cluster remains unviolated overall)...

 

With America's politicians apparently unable to agree on the Cromnibus Bill and government shutdown looming, weakness in crude oil, contagion in high-yield credit, and an extremely aggessive 30Y bond auction trumped the retail sales headlines (massively seasonally-adjusted as they were).

 

There was very significant volume in the Dec S&P 500 e-mini contract today...

 

The key for today's markets was to ensure The Lending Club IPO broke for trading successfully... once that was achieved, this happened...

 

As WTI broke below $60...

 

VIX broke 20...

 

And Energy stocks pumped-and-dumped back down to energy credit... as HY Energy hit 950bps

 

Stocks did their usual bounce in the last hour but even that failed as even spurious Japanese headlines juicing JPY, stocks sold off...

 

On the week, Energy continues to lag with only utilities green...

 

Treasury yields rose on the day at the short-end but gave a lot back when the 30Y auction was so well bid ex dealers...

 

 

The USDollar gained ground after 3 days of weakness but remains down around 1% on the week. JPY was a big mover today as it tried to rescue stocks...

 

Copper, Gold, and Silver pretty much flatlined on the day as crude dead-cat-bounced off $60 early but broke late...

 

 

Quite a day across asset classes...

 

Charts: Bloomberg

 

- advertisements -

Comment viewing options

Select your preferred way to display the comments and click "Save settings" to activate your changes.
Thu, 12/11/2014 - 17:20 | 5541593 Keltner Channel Surf
Keltner Channel Surf's picture

Bravo, my hexadecimal friends.  

Sometimes, you just gotta give credit when it’s due, even to your hated enemies.  The Khwarezmids, after the Mongol conquest of Genghis Khan, were forced to admit, reluctantly, “well-played, GK.”  

Thus,  today algos executed a perfect daily chart inverse hammer I alluded to on the “Buying Panic” article:  after ramping to yesterday’s high open dump points to bust stops, we reversed like a sonofabitch toward yesterday’s lows (suggesting Tuesday’s Russell frothy-mouthed rabies ramp was a pre-distribution ploy, not support).  Retail sales (ha!), Big Oil’s move, or Congress’s antics will get credit, but this was pre-planned.

When you’re a big firm and you have shit you want to unload, why create a panic?  By ramping every other day, you not only frustrate weaker mid-sized firm’s shorts, but you make money on the upside from their buy stops and get a better entry point for the dumps.  Blankfein’s killer robots, making a killing . . .

Thu, 12/11/2014 - 17:21 | 5541643 Rainman
Rainman's picture

never send a human to do a machine's job.

Thu, 12/11/2014 - 17:41 | 5541719 Manthong
Manthong's picture

Geez Louise..

We’re going to have to kick Google out of those blimp hangars at Moffett to make room for all these Zeppelins.

Thu, 12/11/2014 - 17:56 | 5541771 max2205
max2205's picture

Dead cat on the chart was nice

Buy stock suck cock

Thu, 12/11/2014 - 20:17 | 5542219 eXMachina
eXMachina's picture

Stolen

Thu, 12/11/2014 - 20:20 | 5542226 aVileRat
aVileRat's picture

Agreed.

The cat makes the day all better , every day

 

Thu, 12/11/2014 - 21:46 | 5542487 847328_3527
847328_3527's picture

Who moved my cheese ?

Thu, 12/11/2014 - 17:55 | 5541772 Greenskeeper_Carl
Greenskeeper_Carl's picture

yep. still not buying it. Just wait, tomorrow, or at the very latest, over the weekend, everything with the budget will be "fixed" and we will hit a new all time high. throw in another QE remark from the ECB, and a nice USDJPY push, and we will be looking at S&P 2100 by christmas.

Thu, 12/11/2014 - 19:51 | 5542133 Escrava Isaura
Escrava Isaura's picture

 

 

I was having a drink the other night with my banker friend (as he got slightly upset about a point I was making), and he told me. “The economy is finished… If wasn’t for the US central bank and the dollar, US would be a third world nation… We wouldn’t be able to walk at night without being mugged.”

 

By the way, he also told me: “You can’t think that way”

 

 

Thu, 12/11/2014 - 21:06 | 5542366 spinone
spinone's picture

Is your friend's name Hank Paulson?

Thu, 12/11/2014 - 22:04 | 5542545 A Nanny Moose
A Nanny Moose's picture

You are muuged by the minute. The muggers just wear badges.

Thu, 12/11/2014 - 17:57 | 5541773 Keltner Channel Surf
Keltner Channel Surf's picture

Many would love to see a real, honest-to-god Hindenburg kissing the clouds, while others fear it's actually a leftover Thomas the Tank Engine balloon from the Macy's parade, with Yellen hidden inside, hand firmly on throttle . . .

Thu, 12/11/2014 - 20:39 | 5542284 Escrava Isaura
Escrava Isaura's picture

 

 

Throttling the fake engine. You're exactly right. US hasn’t seen real markets since the dollar became the reserve currency of the world, in 1944.

 

There will be many horrible things, before you see ‘real’ deflation; and the rise of gold.

 

It wouldn’t surprise me that, we will see our ability to freely blog the demise of the US, ending before ‘real’ deflation begins.

 

 

 

Thu, 12/11/2014 - 18:08 | 5541790 cowdiddly
cowdiddly's picture

 lately there's so many Blimps flying around its starting to look like a spandex sale at Wal-Mart.

Thu, 12/11/2014 - 18:03 | 5541796 Bananamerican
Bananamerican's picture

(for Janet) and she's buy-i-ing the stair-air-waaay to Hea-vunnnnnn

Thu, 12/11/2014 - 18:26 | 5541871 Son of Loki
Son of Loki's picture

Yes we can !

Thu, 12/11/2014 - 19:05 | 5542012 centerline
centerline's picture

+1 on so many levels

Thu, 12/11/2014 - 19:24 | 5542070 Tall Tom
Tall Tom's picture

MOAR!!! MOAR!!!

 

NEED MOAR WOAR TO FEED THE HOAR

 

MOAR QE...MOAR...MOAR...NOT ENOUGH...MOAR...MOAR

 

THE HOAR IS HUNGRY. FEED THE DAMNED HOAR WITH SOME MOAR WOAR AND GIVE THE HOAR MOAR QE.

 

SHE IS A MONSTROUS FAT ASS BITCH OTHERWISE THAT AMERICAN WOMAN...ERRR...HOAR.

Thu, 12/11/2014 - 18:09 | 5541826 NotApplicable
NotApplicable's picture

Kudos for your perfect quote complete with accompanying avatar.

Thu, 12/11/2014 - 17:22 | 5541647 Ahoy Polloi
Ahoy Polloi's picture

aich em em em em em

Thu, 12/11/2014 - 17:51 | 5541693 Rainman
Rainman's picture

Mission accomplished. Lending Club ( '14 non-earnings so far - $24 million ) expected IPO @ $15 closes @ $23.43

Thu, 12/11/2014 - 17:52 | 5541745 ZH Snob
ZH Snob's picture

sure.  blame it on the machines.  yesterday's nazis blamed the orders they had to follow, while today's nazis will be very likely to blame the damn computers in the financial nuremberg trials after the crash. 

there will be a price to pay for burning the whole world and nowhere to hide.

Thu, 12/11/2014 - 18:21 | 5541853 IndyPat
IndyPat's picture

I like the way you think.

We can hang the algo developers too. An H1B visa won't save your neck from being stretched.

Thu, 12/11/2014 - 18:06 | 5541810 SILVERGEDDON
SILVERGEDDON's picture

Waiting for the market suck to run silver back to face value - a dollar an ounce. 

it is the least they can do before pulling the whole world back to Mad Max.

Long on Dinky Dog in a can, too.  

Thu, 12/11/2014 - 20:20 | 5542228 Its_the_economy...
Its_the_economy_stupid's picture

where's my spoon?!!

Thu, 12/11/2014 - 18:36 | 5541849 noben
noben's picture

That's why it's not a Ponzi scheme.  It's a BTD scheme:  As long as the Dollar is King, it is -- by its very definition -- a Buy-The-Dip Scheme.

Of course, if it hits the T&L* Inflection point of going over the monetary cliff, it immediately becomes a "Maturing Ponzi" scheme.  But it you told everyone about the BTD Scheme, you got out in time.

 

* Thelma & Louise

Thu, 12/11/2014 - 19:58 | 5542168 NoTTD
NoTTD's picture

KCF - Outstanding read.

Thu, 12/11/2014 - 17:17 | 5541598 ebworthen
ebworthen's picture

Love the picture montage at the header, and the dead cats.

Thu, 12/11/2014 - 17:54 | 5541767 NotApplicable
NotApplicable's picture

The revolution will be Photoshopped.

Thu, 12/11/2014 - 20:00 | 5542175 r3ct1f13r
r3ct1f13r's picture

Does everyobne get 15 minutes of photoshop?

 

*edit for typo

Thu, 12/11/2014 - 17:11 | 5541599 himaroid
himaroid's picture

Getting dizzy. May fall down.

Fast and hard.

Thu, 12/11/2014 - 18:36 | 5541908 Salah
Salah's picture

Lead into a major alignment of squares between Pluto, Uranus, Venus, Mercury with a condiment of Mars, in appx 1 week.

Lots of anger & disgust; Mr. Boehner probably won't be Speaker after January.

Thu, 12/11/2014 - 19:02 | 5542005 centerline
centerline's picture

hang on...

(checking entrails... confirm with magic 8-ball)...

yup.  I agree.

Thu, 12/11/2014 - 17:13 | 5541602 Freedom In Your...
Freedom In Your Lifetime's picture

I wonder what the country will look like once all the fake bullshit goes away? Fake money, fake wealth, fake ass bullshit government, all of it. The bigger question I guess would be, will all the fake bullshit go away in my lifetime?

Thu, 12/11/2014 - 17:13 | 5541605 p00k1e
p00k1e's picture

Tortured Republicans laying about everywhere?  

Thu, 12/11/2014 - 17:58 | 5541780 max2205
max2205's picture

What's not to like.... 3% mortgages are Baaaaaack!

Thu, 12/11/2014 - 18:29 | 5541881 new game
new game's picture

refi in the 2's? a distinct possibility, ha...

Fri, 12/12/2014 - 00:42 | 5542217 ForTheWorld
ForTheWorld's picture

The Reserve Bank of Australia is about to lower the cash rate to 2% or lower in the new year in an effort (in my opinion) to keep housing prices going up to make it look like we're the smartest guy in the room. This will make people take whatever cash they have in the bank out of the bank and either spend it on crap, or put it into housing because it's the BEST INVESTMENT EVERRRR OMGLOLWTFBBQ!!!

With a cash rate of 2%, banks aren't going to be paying any interest rates above 1% (back in 2008 I was getting 7.25%). and thus people will start losing money, thanks to actual inflation in Australia being well over 3%, unless they give it to the smartest guys in the room (those housing guys who always make money).

Thu, 12/11/2014 - 17:26 | 5541654 kchrisc
kchrisc's picture

Picture Nazi Germany, with different symbols and salute, with an evangelical Christian ideology, but also with nukes and owned and controlled by Israel while also being simultaneously sold in parts to the east.

An American, not US subject.

Thu, 12/11/2014 - 17:33 | 5541681 pods
pods's picture

Makes you want to take a shower doesn't it?

Not a regular, "I shouldn't have done that" shower, but a Silkwood type shower.

pods

Thu, 12/11/2014 - 17:39 | 5541710 IndyPat
IndyPat's picture

Perhaps some Zyclon B Body Scrub?

Thu, 12/11/2014 - 17:51 | 5541751 THX 1178
THX 1178's picture

shit what did you think B stood for anyway?

Thu, 12/11/2014 - 17:54 | 5541765 IndyPat
IndyPat's picture

Bubblebath

Thu, 12/11/2014 - 18:38 | 5541922 Sub MOA
Sub MOA's picture

There are no answers to these reasonable questions even after forty years nor are there ever likely to be any answers consistent with an extermination thesis. In the absence of any proof based upon forensic evidence of even one case of death by gassing with cyanide at the hands of the Germans or of any other reliable evidence-the “evidence,” such as it is, consists almost exclusively of “confessions” and fantastic anecdotes of “survivors”-one should reject the “Holocaust” claims as self-serving propaganda. What is clear from any careful technical analysis of the supposed gas chambers for mass extermination is that the “Holocaust” story is absurd.

 

Full Article here  http://www.nazigassings.com/zyklondelousing.html   Stop spreading your love of bullshit propaganda and showing your common core edumication

Thu, 12/11/2014 - 18:47 | 5541954 Freedom In Your...
Freedom In Your Lifetime's picture

I've always wondered why the holocaust was considered so much more horrible than the genoicide going on in Russia at the same time. The answers to that question really tie together a lot of previously unrelated fucked up things going on in the world today.

Thu, 12/11/2014 - 18:56 | 5541980 IndyPat
IndyPat's picture

Throttle down, there, Stormfront. I'm pretty sure they weren't using it on mice. I'm no fan of the banker side of the tribe or the homeland ones doing their own kosher style holocaust in the Palestine, but that doesn't mean I'm going into idiotville with you over some revisionist bullshit.
Some folks got gassed, yo.

Thu, 12/11/2014 - 20:19 | 5542225 nmewn
nmewn's picture

Its like the guy ignores the testimony, words and actual documents of the Nazis themselves or ever saw the "Prussian Blue" stains on death chamber walls.

Ya know, if the shit ever gets in the wind I'm gonna do some hunting of my own.

Fucking nazis freaks...fourth picture down on the left:

http://www.majdanek.eu/articles.php?aid=679&mref=65

Thu, 12/11/2014 - 20:56 | 5542337 G in FLA
G in FLA's picture

Bad link// I was going to read that!

Thu, 12/11/2014 - 20:59 | 5542346 G in FLA
G in FLA's picture

Bad link// I was going to read that!

Thu, 12/11/2014 - 17:33 | 5541682 debtor of last ...
debtor of last resort's picture

It will look like the United States of America again. What's your problem?

Thu, 12/11/2014 - 17:40 | 5541708 Ruffmuff
Ruffmuff's picture

Fake shit for real.  Are the fakesters losing it? I highly doubt it. But I get your point about being tired of being tired over the bullshit.

But visualize it differently.  You have beer cans all over your front porch, and the wife is bitching about it saying the neighbors don't have that going on. Fuck them neighbors and their flower bushes and leave me the fuck alone.

THe last seven years of trading this clusterfuck has left me a little numb and really to the point that I don't give a shit. The internet media including ZH is for entertainment only.  If you want truth and true enlightenment, then seek elsewhere.  I personally don't know the answers, but I do know you ain't going find them here.... Sorry ZH.

Thu, 12/11/2014 - 17:55 | 5541770 Freedom In Your...
Freedom In Your Lifetime's picture

Sooner or later I think enough people will realize how fake it all is. I also think that enough people will come to the conclusion that the best way to find happiness and truth in their life is to ignore all the bullshit. Once that happens then things will probably change very drastically. Solutions to the problems that plague humanity are always popping up. Too much bullshit government intervention into everyday life? You get bigger and bigger black and grey markets and decentralized communication. Criminal assholes spreading evil worldwide via control of a debt based money system? You get things like bitcoin and local currencies that will evolve and become more popular. It's just a matter of velocity for all of those things I think.

Thu, 12/11/2014 - 18:03 | 5541800 IndyPat
IndyPat's picture

...Solutions to the problems that plague humanity are always popping up...

High velocity solutions, scaffold solutions, boiling oil, wood chipper solutions....yeah, lots of solutions pop into my mind, you're right.

Thu, 12/11/2014 - 18:19 | 5541851 Freedom In Your...
Freedom In Your Lifetime's picture

Thanks for the laugh, the wood chipper option was a nice addition only a truly creative type would have thought of.

Thu, 12/11/2014 - 18:23 | 5541862 IndyPat
IndyPat's picture

Movie Fargo was my inspiration. I think tractor combines are a good option, too., for that wholesome Midwest flair to executions.

Thu, 12/11/2014 - 18:25 | 5541868 Freedom In Your...
Freedom In Your Lifetime's picture

probably much more time efficient too. Put those things on autopilot and sit back to enjoy a beer and popcorn while the cockroaches go into panic mode.

Thu, 12/11/2014 - 18:31 | 5541884 IndyPat
IndyPat's picture

Combine style also fertilizes, which is yet another upside. Make that popcorn grow nice and high.

Thu, 12/11/2014 - 18:13 | 5541835 NotApplicable
NotApplicable's picture

Once that happens, the herd will demand an even better "blue pill," as there is no escape from the consequences of a credit-fueled crack-up boom. Instead of staring into the abyss, absolute blindness will be the choice.

Thu, 12/11/2014 - 18:21 | 5541858 Freedom In Your...
Freedom In Your Lifetime's picture

That's a possibility. There will always be people more interested in staying ignorant and complacent, but I doubt it's enough to keep the solutions group from hitting critical mass. Time will tell I guess.

Thu, 12/11/2014 - 18:33 | 5541891 Son of Loki
Son of Loki's picture

RE is pretty dead in my area this second half. Not a house is moving even with 3-4 mark downs. Cheap oil doesn't really help since it only scares buyers into realizing how screwed up our enite financial system is here b/c of the massive decade of manipulation including the asset bubbles and zero savings yields.

The deflationary depression will get worse, I'm afraid, but then ramp up, gain momentum into a uber-inflationary upward spiral the financial adviser, "corporate turn-around" expert down the block told me.

Looks like he's right.

Thu, 12/11/2014 - 18:23 | 5541860 The Most Intere...
The Most Interesting Frog in the World's picture

As long as we still have fake tits it's all good.

Thu, 12/11/2014 - 18:26 | 5541870 Freedom In Your...
Freedom In Your Lifetime's picture

If you can touch them, they aren't fake...

Thu, 12/11/2014 - 19:01 | 5542004 arby63
arby63's picture

I think it does. I think the end of the game is nigh. I see all the signs. My wife is a prolific dreamer. Very brilliant gal. Last night she dreampt of the collapse. Amazing detail. Scared me.

 

Print all you want. Until the helicopter drop occurs along with a reset, days are growing short.

 

Thu, 12/11/2014 - 20:04 | 5542191 Bro of the Sorr...
Bro of the Sorrowful Figure's picture

ferguson, NOLA post katrina, boston post marathon bombing all come to mind.

Thu, 12/11/2014 - 17:16 | 5541617 cooperbry
cooperbry's picture

BTFD bitches

Thu, 12/11/2014 - 17:39 | 5541714 IndyPat
IndyPat's picture

Some folks got sent to the back of the Cromnibus.

Thu, 12/11/2014 - 17:41 | 5541718 SheepDog-One
SheepDog-One's picture

By all means, after you sir!

Thu, 12/11/2014 - 17:20 | 5541626 Thirtyseven
Thirtyseven's picture

Banker impaled on fence after falling from apartment building.

http://finance.yahoo.com/news/financier-falls-death-long-divorce-1101254...

Thought you Tylers would be first on the case!

"We Impaled some folks" -beating that other guy to it.

Thu, 12/11/2014 - 17:30 | 5541675 Ahoy Polloi
Ahoy Polloi's picture

That's been in the news since yesterday

Thu, 12/11/2014 - 17:36 | 5541698 Thirtyseven
Thirtyseven's picture

I first check ZH when I get home from work, so unless it was covered here I may have missed.  Was it covered here?  Late day yesterday, early day today.  Some of us have to keep this economy thing running lest it all look like a sham.

Thu, 12/11/2014 - 17:45 | 5541727 in4mayshun
in4mayshun's picture

Sucker!

Thu, 12/11/2014 - 18:21 | 5541855 The Most Intere...
The Most Interesting Frog in the World's picture

Half of al ZHers are in prison, half are on public assistance, half are retired, half are bots and half have a job.  You do the math.  Oh, and we all missed the 10% gain in the S&P 500 this year! ;)

Thu, 12/11/2014 - 18:25 | 5541869 IndyPat
IndyPat's picture

As long as your part of the half getting his o-ring resized by Bubba right now upstate, I'm ok with your assessment.

Thu, 12/11/2014 - 18:36 | 5541904 Son of Loki
Son of Loki's picture

Did the fence break?

Thu, 12/11/2014 - 18:40 | 5541930 IndyPat
IndyPat's picture

Nope. Firefighters had to cut him out. Absolutely epic.

Thu, 12/11/2014 - 21:49 | 5542501 847328_3527
847328_3527's picture

Awsome!

Thu, 12/11/2014 - 18:42 | 5541932 WTFUD
WTFUD's picture

@ Thirtyseven I know this guy personally, in fact, spoke with him days before and can categorically inform you Scot was NO banker, not even close.

Thu, 12/11/2014 - 17:19 | 5541628 kchrisc
kchrisc's picture

"...US Government Credibility Crash"

What "credibility?"

Thanks for the laugh.

An American, not US subject.

Thu, 12/11/2014 - 17:20 | 5541632 Bell's 2 hearted
Bell's 2 hearted's picture

"Yet another Hindenburg Omen today... (note yesterday's very late crash in stocks managed to invalidate one of the indicators factors"

 

is that considered a Led Zeppelin?

Thu, 12/11/2014 - 17:20 | 5541639 SilverIsMoney
SilverIsMoney's picture

The Gold-Oil ratio is spiking and got into the 20s today... we peaked at 24 in February 2009.

Watch out folks.

Thu, 12/11/2014 - 17:26 | 5541659 Al Huxley
Al Huxley's picture

That tells you that 'gold' (eg Comex futures and GLD) will be dropping about 25% tomorrow (or maybe next week, but soon).  Think how excited the algos will find that!  Nikkei should break 20K!  DOW up 300!

Thu, 12/11/2014 - 17:50 | 5541746 in4mayshun
in4mayshun's picture

Any further precipitous drops in gold and silver will be bought with such momentum that you'll have to be awake at 2 am to capitalize on them. The rest of the world is waking to this COMEX/ LBMA scam

Thu, 12/11/2014 - 18:23 | 5541856 Al Huxley
Al Huxley's picture

Not a snowball's chance in hell that what you say is happening.  Watch.  The puppet masters are in control, the matrix is fully intact.  Stay up until 3:00am ET and you can probably watch the first leg of the beatdown live.  Or if you prefer to sleep in you can catch the second big wave happening just before market open as the insiders clean the clocks of retail GLD holders yet again while they watch helplessly.

Thu, 12/11/2014 - 17:21 | 5541642 Bay of Pigs
Bay of Pigs's picture

BTFD? I want to see the deer again...

Thu, 12/11/2014 - 17:24 | 5541648 Tsar Pointless
Tsar Pointless's picture

We cromnibusted some folks.

Thu, 12/11/2014 - 17:23 | 5541650 ciscokid
ciscokid's picture

Burn baby burn....

Thu, 12/11/2014 - 17:23 | 5541651 medium giraffe
medium giraffe's picture

BTFDYFI

Thu, 12/11/2014 - 17:37 | 5541697 SmallerGovNow2
SmallerGovNow2's picture

Everytime i watch that video i can't quit LOL...

Thu, 12/11/2014 - 17:27 | 5541657 wendigo
wendigo's picture

Is this it, or another false alarm? Should I put the emergency plan into place or wait?

Thu, 12/11/2014 - 17:28 | 5541665 Al Huxley
Al Huxley's picture

You should wait at least into the next millenium.  Stay long whatever Yellen Capital Mgmt is hot for in the interim.

Thu, 12/11/2014 - 17:28 | 5541662 gatorengineer
gatorengineer's picture

we whipsawed some folks........

Thu, 12/11/2014 - 17:28 | 5541663 JonNadler
JonNadler's picture

did ZH miss this. ANother financeer "falls" to his death

 

http://www.telegraph.co.uk/news/uknews/crime/11287793/Scot-Young-Ring-of...

 

 

Friends of the bankrupt property tycoon, Scot Young, who died falling from his fourth storey London flat, have urged the police to investigate a potential ring of death, after it emerged that four of his close friends have all died in similar circumstances.

The 52-year-old father of two was discovered impaled on railings beneath his central London apartment on Monday afternoon, in what is thought to have been a suicide.

Scotland Yard said the death was not being treated as suspicious and has referred the matter to the coroner.

But associates of the former multi-millionaire have voiced concern after revealing that he is the fifth member of a tight knit circle of friends to have taken their own lives in the last four years.

Thu, 12/11/2014 - 17:32 | 5541678 Al Huxley
Al Huxley's picture

Until the 'banker death' headlines are describing cheated shareholders, or unemployed, displaced 'former members of the middle class' losing their shit and popping FI types in broad daylight on Wall Street (or in the City) it doesn't mean shit. 

Thu, 12/11/2014 - 18:00 | 5541788 BringOnTheAsteroid
BringOnTheAsteroid's picture

No one held a gun to th heads of the Middle class. Average citizens are just as culpable for fuelling banker criminality. No one likes to hear it but we could put the big banks out of business by withdrawing consent.

We all deserve what is coming.

Thu, 12/11/2014 - 18:25 | 5541867 Al Huxley
Al Huxley's picture

I agree 100%.  The 99% of the population sold their futures, their accumulated share of national wealth, their pride, their dignity their freedom, their citizenship, their country, for low low prices at Walmart, cheap fast food, smartphones and 'protection from the terr'ists'.

Thu, 12/11/2014 - 19:02 | 5541951 Sub MOA
Sub MOA's picture

And heres whom they sold it to  get the ropes ready the list is loooonnnnnngg  jewwatch.com  and here http://www.americanussr.com/

Thu, 12/11/2014 - 17:59 | 5541726 IndyPat
IndyPat's picture

Not near as fun as that Banker Snuff Policy Insurance chick getting shanked while on a jog up in New England somewhere. That's straight up fucking personal.
More please...

This broad daylight enough for ya, Hux?

http://www.nydailynews.com/news/crime/conn-life-insurance-exec-stabbed-d...

Thu, 12/11/2014 - 18:47 | 5541947 Son of Loki
Son of Loki's picture

"Found stabbed in the chest ... police ruled it a homicide."

 

Brilliant Inspectors up there, eh.

Sat, 12/13/2014 - 16:38 | 5548663 JonNadler
JonNadler's picture

According to Millan’s LinkedIn profile, her work involved the “General management of BOLI” and Executive Group Life, as well as disability insurance businesses and “expansion into worksite and voluntary benefits market.”

BOLI is shorthand for Bank-Owned Life Insurance, a controversial practice where banks purchase bulk life insurance on the lives of their workers. The death benefit pays to the bank instead of to the family of the deceased. According to industry publications, MassMutual is considered one of the top ten sellers of BOLI in the United States. Its annual reports in recent years have indicated that growth in this area was a significant contributor to its revenue growth.

 

http://wallstreetonparade.com/2014/12/slain-massmutual-executive-held-wall-street-trade-secrets/

Thu, 12/11/2014 - 18:19 | 5541847 whackedinflorida
whackedinflorida's picture

some folks went long on gravity

Thu, 12/11/2014 - 18:31 | 5541883 Phuk u
Phuk u's picture

Jon, this ones a can of worms. Looks like he made his money in property and laundering

Russian or dirty money. He got shafted in a Moscow property deal in 2006 and is in the midddle of a very expensive

divorce settlement....not that this bothers him anymore. He has tried to commit suicide before apparently

which makes this unfortunately likely that he jumped and was not pushed. I could be wrong.

Thu, 12/11/2014 - 18:37 | 5541916 IndyPat
IndyPat's picture

Kind of brings a tear to the eye to see a guy fail once, but kept on chugging along until he found a way that worked...and with some real flair and panache! I might add.
Even the Japanese, Vikings and Klingons would say ritual suicide by long fall to ultimate fence impalement is flexing some serious nut. I say let him in Valhala.

Thu, 12/11/2014 - 17:29 | 5541673 Mi Naem
Mi Naem's picture

"US Government Credibility Crash

Some kid named writing for CNN Money at http://finance.yahoo.com/news/want-rich-dont-pay-off-125600983.html writes an article called:

Want to get rich? Don't pay off your student loans

He's even got his picture on the article. 

OK, he's talking about making minimum payments, but this is ZH, after all. 

Thu, 12/11/2014 - 17:33 | 5541679 nakki
nakki's picture

Last two weeks of the year no volume ramp December 31st S&P 500 2120. March 15th 2015 S&P 1620. March 19th 2015 QE 100 billion a month. 

Thu, 12/11/2014 - 17:35 | 5541687 TheReplacement
TheReplacement's picture

Short VIX tomorrow.

Thu, 12/11/2014 - 17:37 | 5541696 stant
stant's picture

Don't they have a hindenbergs tethered above dc like in wartime Berlin? Now that should be your hindenbergs omen.

Thu, 12/11/2014 - 17:41 | 5541701 mayhem_korner
mayhem_korner's picture

 

 

Can I get the dead cat for my avatar?

Thu, 12/11/2014 - 17:55 | 5541763 buzzsaw99
buzzsaw99's picture

May I suggest the Pet Sematary cat? Because that thing ain't exactly dead.

Thu, 12/11/2014 - 17:56 | 5541778 IndyPat
IndyPat's picture

Ah, that would have been the undead cat...Churchill
Good call...

Thu, 12/11/2014 - 18:09 | 5541820 HardlyZero
HardlyZero's picture

Black swan pooping on dead cat...or something

Thu, 12/11/2014 - 18:14 | 5541838 The Most Intere...
The Most Interesting Frog in the World's picture

That dead cat reminds me of my ex wife during sex.

Thu, 12/11/2014 - 18:29 | 5541877 IndyPat
IndyPat's picture

She bounced fine when I hit that.

Heeeyyyyyooooo.

Thu, 12/11/2014 - 19:37 | 5542099 The Most Intere...
The Most Interesting Frog in the World's picture

+ 100

Thu, 12/11/2014 - 20:27 | 5542239 IndyPat
IndyPat's picture

+1 Good sport. Had to spike it...I'm sure you understand

Thu, 12/11/2014 - 17:48 | 5541736 buzzsaw99
buzzsaw99's picture

The Yen is truly mightier than the sword. [/The Joker]

Thu, 12/11/2014 - 17:48 | 5541741 besnook
besnook's picture

oil crashing, yields crashing and gold ramping on the weakening yen. the answer is MOAR money. print, baby! print!

Thu, 12/11/2014 - 17:53 | 5541756 WTFUD
WTFUD's picture

That lucky dead black cat appears to have a twinkle in it's eye or is the scooby doo i'm on working too well?

Thu, 12/11/2014 - 17:56 | 5541774 franzpick
franzpick's picture

I hear Mr. Market trying to clear his voice after being silenced for 5 1/2 years, and hope he comes back louder than anyone expects:

http://bigcharts.marketwatch.com/quickchart/quickchart.asp?symb=djia&insttype=&freq=2&show=&time=13

Thu, 12/11/2014 - 17:57 | 5541783 jose.six.pack
jose.six.pack's picture

Fuck this, I'm moving to Venezuela!!1

Thu, 12/11/2014 - 18:06 | 5541807 mpath
mpath's picture

You don't need luck-you don't need to wait for the "Hindenburg Omen"--you just have to know when the markets are going to turn--specific dates-weeks before.

Sounds crazy-but I have been following Woody Dorsey for a long time-and he has predicted September top-October low and now the December 8th top--all weeks before.

Considering his ability of predicting market turns long before they occur, I certainly wouldn’t bet against him.

See for yourself--

 http://www.sentimenttiming.com/success-stories/

 


 

 

 

Thu, 12/11/2014 - 18:05 | 5541805 Father Lucifer
Father Lucifer's picture

Yet the spin must go on

NEW YORK (Reuters) - U.S. stocks rose on Thursday as upbeat retail sales and other U.S. data pointed to a strengthening U.S. economy and lifted optimism about consumer spending.

 

Thu, 12/11/2014 - 21:35 | 5542455 lotsoffun
lotsoffun's picture

'thanks to falling gas prices, the consumer now has more to spend, which will of course, help consumer spending'.

Thu, 12/11/2014 - 18:07 | 5541811 HardlyZero
HardlyZero's picture

Dead cat got black swan'd.

We need the latest GS swirl-o-gram to get the correct spin !!

Thu, 12/11/2014 - 18:11 | 5541829 IndyPat
IndyPat's picture

Speaking of dead cats....should this be a Hiesenburg Omen instead?

Thu, 12/11/2014 - 18:48 | 5541958 Keltner Channel Surf
Keltner Channel Surf's picture

For a bit of fun, Google "Heisenberg and Schrodinger get pulled over for speeding"

Thu, 12/11/2014 - 18:12 | 5541831 The Most Intere...
The Most Interesting Frog in the World's picture

With that many charts a nice set of tits placed here and there might break things up nicely.  Just a thought...

Thu, 12/11/2014 - 18:15 | 5541842 Atomizer
Atomizer's picture

Central Bankers should of eaten their banana to keep up with economic potassium levels.

/LOL

Thu, 12/11/2014 - 18:22 | 5541857 yogibear
yogibear's picture

Waiting for Obama to get on and tell people to buy the dip.

That would make the markets go insane.

Thu, 12/11/2014 - 21:34 | 5542449 lotsoffun
lotsoffun's picture

'well we 'dipped' some people'?

as in the french word - which doesn't translate well, but i happen to love the cultural variety of the world, and those damn cheese eating monkeys do have a few expressions that work well.  see below.  we can argue 'dipped' or 'plunged'?  :)

In Stephenson's Quicksilver, what does the word "l'emmerdeur" mean?            

I think it means "one who soils/dishonors/brings down (someone)". The literal translation would be "one who plunges (someone) into excrement". 
Thu, 12/11/2014 - 18:32 | 5541894 SheepDog-One
SheepDog-One's picture

How many muppets BTFD and got roadkilled on that one?

Thu, 12/11/2014 - 18:43 | 5541937 IndyPat
IndyPat's picture

I dunno. I give up. All of them?

Thu, 12/11/2014 - 18:55 | 5541968 Sub MOA
Sub MOA's picture

/

Thu, 12/11/2014 - 18:58 | 5541990 Bernoulli
Bernoulli's picture

Just watched CNBC before. Larry Fink at "Dealbook" explains to us how this all came about with the oil price tanking and what his take is on the markets:

Fink: "Lower production [waiving his hand down; Pausing]- in response to lower oil prices it took them ten years to get that market share back [Pause] and now the fundamental issue that's going on in the last two years much because the United States increased global supply by 1.6 million barrels a day [Pause] and we've only increased demand 600'000 barrels so yeah there's one million barrel- ehm - excess supply and at a 100 dollars we're gonna accelerate the mismatch. Ehm, China historically was going at 600'000 barrels a year in net new growth and in the last year I think in July they came out and said 200 or 250 ehm ehm thousand barrels more a year. The trend for demand was decreasing, the trend for supply was increasing and then you focus on the substitution rate of oil where electric cars or the introduction of cars like the Ford 150 which dub - you know - increased - ehm - mileage by 12 miles and then you create substitution for trucks into natural gas - you know - we're now in a period of time where there is - ehm - price [looking up] - the best way to put it realization, we're trying to come up with a a true market sense - ehm - the last time we did this was right after Lehman Brothers where before Lehman Brothers oil was at a 150 dollars a barrel - ehm - and if you remember December 08, oil went to 34 dollars a barrel, so we're at this - I'm not suggesting we're going that low - but we're at a point - cause I don't know where it's going - ehm but I c-can certainly see a lot more conviction after spending time with the four governments I was at - ehm - that they don't know as mu.. [Pause, stopping, correcting his sentence]... any more than we do, they're concerned about their market share - ehm - and they're and we're we're whitnessing a true event, that all the statistics were there and this is - everything I just told you - statistically - everybody knew four months ago and you know what triggered this is the bigger question - and - but the most important thing is - Andrew - this is a massive tax cut for the world, this is really good stuff for the world. Now - ultimately - lower oil prices, ehm, according to the governor of b-b-bank bank of India Raghuram Rajan, he has said to us that he believes GDP in India could grow by one percent more. Maybe even more. Because lower oil prices since they import all this oil - so ultimately - one would expect lower oil price will increase GDP enough where you're gonna start seeing demand - increased demand. So where is that equilibrium [wildly waving his hands]? I don't know. But we're not gonna really understand the equilibrium for 18 months".

Ross: "Ok, but you control 4 trillion dollars and that's with a 'T'"

Fink: "Yeah"

Ross: "The most money in the entire world - I think"

Fink: "Yes"

...

Ross: "But if you were a mom and pop investor out there or somebody in this audience or you're somebody watching this and you have a little bit of money in your wallet.."

Fink: "..right.."

Ross: "...are you supposed to think that this a beautiful time in the markets or you're supposed to think that actually everybody knows it's a beautiful time in the markets already and therefore it's actually not that beautiful?"

Fink: "So. a year, two years ago, equity prices were undervalued just looking at P/E's [Pause] - ehm - [Pause] it's fair to say equity prices are above fair pricing maybe what we're trading about an 18 P/E and I like 16 better than 18, but if you believe interest rates are gonna remain low for longer if you believe the bank of Japan, the bank of China, the ECB will be still very aggressive [mumbling] in stimulus, if you believe [clearing his throat], the Federal Reserve will begin its normalization of interest rates but in a more elongated path, an 18 P/E is not so bad if you believe interest rates will remain lower longer - ehm - and that is my view, and that's why for those who are underinvested it's time to get back into the market - ehm - but hopefully everyone learned a bitter lesson - ehm - [Pause], you know if your liability is a 40 year liability for retirement, why do you care about the world at any specific time, you need to be fully invested for a long cycle".

WTF!?!?!

Did he just call the top? Crash within the next days?

 

Thu, 12/11/2014 - 21:27 | 5542423 silverer
silverer's picture

Hey, but our incredible President Golfstix has foreseen these events, and to pump up oil, he's throwing coal under the bus, and maybe even natural gas (recent article re: new EPA regs, neither meet ozone standards). So he will save oil, and will get a gold plated (because it's so cheap, you know...) statue right in the middle of DC, where all the good US folks can appreciate his efforts. Now about those unions in the coal industry that voted for him...

Thu, 12/11/2014 - 18:59 | 5541995 kurzdump
kurzdump's picture

The world is full of shit. It doesn't matter if the financialization bubble bursts or not, the level of shit will stay the same. It's not the system, it's the people. Once leadership collapses people will desparately cry for a new leader - and guess what, there will be someone to fill in the gap.

People are addicted to slavery.

Thu, 12/11/2014 - 19:04 | 5542010 IndyPat
IndyPat's picture

Dunno...the future leader bench looks pretty fucking short right now.

Thu, 12/11/2014 - 19:05 | 5542016 Sub MOA
Sub MOA's picture

Finally someone besides me has a grip on reallity around here  Thank you

Thu, 12/11/2014 - 20:14 | 5542214 arby63
arby63's picture

So what are you doing about it? You're the same as everyone else then. Seek out your next ruler slave.

Thu, 12/11/2014 - 21:56 | 5542517 847328_3527
847328_3527's picture

Don't count on 'the people." Most Merikans are Gruberized thru and thru.

Thu, 12/11/2014 - 21:22 | 5542411 silverer
silverer's picture

Culling of the herd is on the schedule.

Thu, 12/11/2014 - 19:09 | 5542030 sheikurbootie
sheikurbootie's picture

And....nothing happens....ever.  Blah blah blah

Thu, 12/11/2014 - 19:30 | 5542079 NaiLib
NaiLib's picture

The last cartel to fall is........BIS

Thu, 12/11/2014 - 19:30 | 5542083 q99x2
q99x2's picture

Great article.

Although. It is software stupid. BTFD

Thu, 12/11/2014 - 19:36 | 5542095 gmak
gmak's picture

THe first chart sure is a beautiful version of gravity's rainbow. one can almost see the contrails.

Thu, 12/11/2014 - 19:43 | 5542120 homiegot
homiegot's picture

Lock and load, bitchez!

Thu, 12/11/2014 - 20:46 | 5542307 alexmark2013
alexmark2013's picture
Bearish wick takes place today, near a crossroads of resistance! http://investmentwatchblog.com/bearish-wick-takes-place-today-near-a-crossroads-of-resistance/
Thu, 12/11/2014 - 21:12 | 5542383 silverer
silverer's picture

Tyler, you want to start a real show, you probably should send a copy of these charts to all the members of the house and senate. I'm sure they've never seen them.

Thu, 12/11/2014 - 22:17 | 5542582 22winmag
22winmag's picture

I just hope my stainless AR10 shows up by Christmas.

Do NOT follow this link or you will be banned from the site!