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Panic-Buying Ends Abruptly As Credit & Crude Crumble
500 Dow points (and 80 S&P points) later... and suddenly the exuberant short squeeze ends (as AUDJPY runs out of steam). WTI Crude has crashed back to $55.50 after testing $59. The Energy ETF XLE has given up all its gains (who could have seen that coming?). And HY credit markets have slumped from the US open with stocks now catching down...
Credit slipped since the open
but stocks ripped...driven by fun-durr-mentals...
Crude crash continues...
dragging energy stocks with it...
Charts: bloomberg
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panic selling in gold still here
mini-puke
worthless
Simple just keep buying it, hurts less.
You spoke too soon Tyler...up 300 at 1:30. It's all Bullshit!!!
Crumblin' herb.
http://hedgeaccordingly.com/2014/12/banks-prepare-for-liquidity-coverage...
Doctor Pavlov must be proud, the FED rings their FOMC bell and the markets do what they are trained to do. Too bad it wll end badly.
If I were an investment bank and I saw an asset whose market was drawing a lot of attention from investors, I'd create as much volatility as possible and rape the longs and the shorts.
But that's just me.
and just like that zh's perfect track record of calling the turn remains unbroken
Yes, I would like a web service that sends me notice just before he posts the charts indicating things are absolutely doomish.
someone should put together a bullard type chart with indicators of all the bottoms zh has announced by posting "market crashes" type stuff. dozens, maybe hundreds. how funny.
we'll call it, "Bullard's Revenge."
when ZH capitualtes OR is no longer produced...then the top will be in
cue the foto of rollercoaster 'VOMIT DUDE'
I know... saw this headline, switched tabs to look at my market charts just to see the DOW up over 200 points.
This site is turning into a joke, seriously.
Learning to read a chart and the timestamp of the article is key here.
You head back to CNBC little one. That's more your speed.
actually it's the "market" that is the sad joke. i'm not just talking about day to day algo driven moves either. what zh is doing used to work rather well at marking moves but that was before someone decided that it was a matter of national security that the nazcrack regain 5000 and that overindebted blue chip stocks be guaranteed to rise to infinity without so much as a 5% correction.
The algos are always one step ahead.
They are there to make sure no human ever has a bearish thought again
See what you think is a bearish event? Wrong.
Chart look bearish? Wrong?
EVERYTIME
There's less volatility in a tub of nitroglycerin...
OT ..... Larry Summers picks up a cool $28M payday on the money losing Lending Club IPO .
http://www.bloomberg.com/politics/articles/2014-12-18/lawrence-summers-28-million-payday-courtesy-of-elizabeth-warren
the new eCONoME
Thats the bottom Johnny!
"You gonna jump or jerk off?"
~Johnny Utah
the damn problem with oil futures contracts is that SOMEONE needs to take delivery of er, actual oil
stock market has no such problem ... i'll be telling my grandkids of when P/E multiples were under 100
The ultimate mark to market,
but most of the players understandeth not;)
Bonds don't give a shit.
Bonds tend to be slower to react but harder to stop when they do. 1Q2015 things are going to start falling apart fairly quickly when people start mssing debt payments.
Bonds are slower to react to what? Economic developments? Are you talking about bonds in Slovenia or the US?
Bonds been ahead of the disinflation curve all year long, when mkt was still thinking a $20 decline in crude was as far as that mkt would go. If you're just now buying bonds based on the disinflation/crude/deflation meme, you're late. Should've been buying 2 qtrs ago. Crude now asymmetric trade. $10 lower vs. $25 higher? Dont buy bonds on this. Curve continues to compress, which is not good, but still has a ways to go until it's SHTF time.
There's a difference between a trend and a collapse, when they can't even give them away we all better be hunkered down and riding it out.
Post Europe close ramp in 3...2...1...
I was about to post the same exact thing. After 12 pm, the market and crude will head higher, with the S&P breaking the high from earlier today. Once we break above the 20 day MA, we will break the 52 week high next week. It's amazing how quickly the market can make a person change their mind. I was bearish going into year end, but not anymore if we close above the 20 day on the S&P.
The Dow's rally is likely just be a knee-jerk reaction to hope. Nothing has really changed in the world since Yellen spoke. The same negatives are still out there and "patience" is not going to change that.
http://www.globaldeflationnews.com/the-fedral-reserve-adds-patience-to-i...
OIL should find a temporary bottom shortly, but its longterm outlook does not bode well for anyone...
http://www.globaldeflationnews.com/oil-light-sweet-crudeelliott-wave-upd...
So the Ponzi Munchkin flaps her gums and we get a rally. The next day oil is down. Eventually, the BTFDers will lose faith in the Yellen as the math of reality overtakes the manipulation. Once that happens, look out below.
Dow 18K by Christmas
on average, since 1950 in the s&p 500 , everyday from now till the end of the year is positive. santa claus rally is real and predetermined. they need their bonuses. baring some black swan, the script will be followed. new highs on low volume almost guaranteed. just the messenger folks.
crude was bashed by preemptive short selling just as gold was, funny how the filter on the glasses is different for oil around here.
The tail is desparately trying to keep wagging the dog - at least until all the ticks and fleas are wearing their golden parachutes!
ROFL.
We need to start cueing the DEER on up days. Seems more appropriate.
It's futile trying to keep up or explain mark-it movement
Stocks back at highs without oil
All at once, all them "investors" jumped to port side
Stawks at HOD. All is good, bitchez!
I unfortunately have lost the equivalent of 4 college tuitions by reading this site. When will I just stop believing
hahha listen you knuckleheads, the DOW may be up 500+ points in under 24 hours but that's still nearly 400 points below the all time highs; aka its still free money. new highs are 100% stone cold lock. BTFD now cause soon you will be buying the all time highs again as we ramp another thousand points or so into the end of the year and the DOW proceeds to at least double in the coming years.
If you are stupid enough to think this market is going down anytime soon do yourself a favor and just use that money instead to heat your house this winter by putting it in a barrel and burning it. At least that way you will get something out of it and Goldman wont end up with it in their pockets.
The hardest trade is usually the right trade, look around, what are all these people parroting, buy gold sell the market right? That means the right trade is sell gold buy the market.
This whole market is FUCKED up.