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Bonds & Bullion "Safety Bid" As Stocks Give Up Santa Rally Gains
As bulls stare unconsolable at today's "drop" in stocks... we suspect this is the thought running through their minds...
The North Koreans Win - A Red Day In Stocks!!
Driven by USDJPY weakness overnight...
By way of a rather stunning example of the "markets", today's 0.5% drop in the biggest in 2 weeks as stocks caught down to credit, energy, bond, and macro weakness...
Stocks gave yesterday's levitation back and then some... despite a small bounce at the open as usual... 3rd ugly close in a row...
The S&P 500 closed back below its 5-day moving average...
Giving up the Santa Rally gains...
Stocks catching down to Treasury yields...
As Treasury yields are now down at pre-FOMC levels...
Credit markets are less impressed with whatever Yellen did... HY is 16bps wider this week
Treasury yields overall fell today but bonds were sold after Europe closed amid thin liquidty...
The USD weakened today on the back of JPY and SEK strength...
Commodities all snapped higher around 8amET with PMs leading the way...
Oil trod water near 5.5 year lows as gold jumped after JPY's surge...
And then there's Civeo!!! but the oil drop is "priced in"
As after a 2.5% in Europe's Oil & Gas stocks, US Energy stocks are starting to realize Oil prices do matter after all...
Charts: Bloomberg
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The Saudi's cutting the price of crude by 40% was/is the biggest Black Swan of Many, Many Years
And the Unintended Consequences and Repercussions are Not Even Yet Imagined.
You think the economy (US and World are weak...) y'ain't seen nuffin' yet, "folks"!
0.4% is a crash. Tyler you are a fruity drama queen. That's what gets clicks right?
http://y2u.be/VI6tBwVjyOY
Everyone in media is nervous now, if not panicked. The revenue just isn't there. Fox is in a pissing competition with Dish Network, and on a local level, the CBS affiliate is about to be cut off by a regional cable company.
We are all getting better at avoiding advertising. That changes everything.
Just under 4 weeks for Jeff the .gov troll? worth listening to..
http://www.silverseek.com/commentary/perfect-crime-13944
How JP Morgan has probably accumulated at least 300 million ounces of physical silver...
1) I am genuinely surprised anyday when the Fed allows there to be a red close so yea thats quite a crash
2) If you, in your infinite wisdom, deduced that this article is clickbait, why the fuck did you click it, Detective Dipshit?
Without clicking on it he couldn't leave his fucking vegan cookbook spam.
you realize that is tongue and cheek right. anything red these days and the entire analyst community and financial news nimrods are confounded. a year of no more than 3 reds days in a row will do that to you. rest assured kool aid fanatics....we will see 18k tomorrow and possibly 18.5 on the manufactured claims number and then only more 7 more days until the fradulent december jobs number. 22 million new jobs created is the expectation. We miss that number...great more QE....we hit it....great more QE.
Sadly, most folks wealth is digits on a screen..... *poof* and it gone.
Gas price is solidly under $2.00 here now, much more consistent in it's fall, and not at all correlated to futures.
This is somewhat led by cash and inventories. Spooky, but at a retail level, they can't seem to move the product.
I don't think so.
I suspect there is a whole flock of Black Swans out there.
If you accept that "Brave New World" and "1984" reflected the true values of oligarchical socialists, then they inarguably believe that economic and technological progress (because they are tied) can be halted in a state of stasis.
In fact, they cannot. The various and many "Black Swans" are in fact predictable results of the economic order oligarchs pursue. They are the cracks that inevitably appear in an untended economic foundation.
The foundation of survival pursuits is innovation. The foundation of production is the pursuit of survival. The foundation of trade is production. The foundation of economics is trade.
The Oligarchical socialists seek to freeze innovation for the purpose of freezing the economic heirarchy for the further purpose of perpetuating their power.
In doing so they necessarily separate humanity from survival.
To survive humanity must eternally progress.
1971: Your comment is quite insightful, thank you very much.
@knukles +100
my roomate's half-sister makes $65 /hr on the computer . She has been without work for 7 months but last month her pay check was $14940 just working on the computer for a few hours. you could try this out... www.works3.com
Gramma Yellen says, "finish your peas".
The swings are getting more drastic. Up and down like a rodeo. Makes me wanna ride ole Yellen like a bull. Pull the gate and hold on for 8.
YEEEHHAAAAWWWW!!!!!
Take it easy, the Dow is down 55.
The S&P 500 closed back below its 5-day moving average......
Lets chat when the S&P 500 closes below its 200 DMA. Then we have something to discuss.
Hmm . . . you mean, like what happened on Oct 13?
Two days later, for the shorts, in Monopoly terms, it was "Go to Jail. Go directly to Jail. Do not pass Go. Do not collect $200"
What would happen if China/Russia were able to convince NK to give up their nuclear arms programs and fall under the defensive umbrella of China/Russia instead.
Seems the threat to SK would pretty much be gone, no?
Not really.
Seoul is within conventional artillery range of the DPRK.
No nukes required to flatten it with about 60 seconds notice (flight time of the incoming rounds from north of the Freedom Bridge).
If SK has a single nook-e-r plant, then it is at risk for nook-e-r destruction.
Covered in this expansively researched and very well summarised snapshot of the 'double helix' that China and RF have developed. Very very worthwhile reading (H/T Flying Wombat for the link yesterday):
http://thenewsdoctors.com/vineyard-of-the-saker-white-paper-the-china-russia-double-helix/
very good read, lots of conjecture that has likelyhood of future reality. that said, they russka/chinka will be much better positioned than a hollowed out rotten log called mic/merica force dejure. we are here to help and liberate your resources...
the events unfolding are very telling of a downdraft that will suck the crome off your wallet...
Im not sure that NK have their nuclear arms and this is not a bs from usa media
morgan: Actually, China uses N. Korea to shake the US's cage.
China supplies 2/3 of N. Korea's energy and food and they do it for two reasons: 1. China and Korea have been at each other's throats for two thousand years; China wants to keep the country divided so they are less of an opponent
2. They don't want N. Korea to implode as their starving masses would migrate to China and cause chaos..
China controls N. Korea, period.
We are all so used to the markets going up day after day that when it is down .4% we think it is crashing. The insanity of it all.
"If you bought yourself one, or two, or maybe ten thousand stocks, it's okay; you can admit it."
Your comment made me laugh. I have to watch this clip again now.
Hold on to your pants folks. It won't be pretty.
When A few thousand points vaporize off the Dow then I will stand up and take notice. Until then it's just business as usual. I do like the Princess Bride video though.
No offense, but I think that is what Keynes meant with the comment that inflation steals in a way that not 1 in a million can distinguish.
What if the digits in the Dow remain the same, or even rise, but the real purchasing power in them has declined?
That has already happened over the last century.
BTW... what do you think mandatory contribution to myRA will do to the Dow in nominal terms, "falling tide" and all that?
maybe time to buy those gold calls and dow puts :)
Perhaps CVEO can convert to non-oilfield housing, because when this is all over, we will probably be happy to live in a converted, waterproof shipping container.
And if you "like" your shipping container, you can "keep" your shipping container, so long as you pay your Obamacare premiums and add to the soaring GDP
Is a Bullard worth more than a Yellen?
Mkt now prices 17% probability of a #Grexit; massive increase over past 2mths as mkt was pricing virtually 0. (viaMS)
http://investmentwatchblog.com/mkt-now-prices-17-probability-of-a-grexit-massive-increase-over-past-2mths-as-mkt-was-pricing-virtually-0-viams/
don't panic chaps the overnight Fed team is in, Dow back over 18k, & S&P Nas & Russell are all up, Gold back below $1200
Oops EU Commissioner today stated “We hope Greece remains in the eurozone” http://www.
What morons continue to write these articles? Just look at the charts.
The SPX weekly RSI is weakening, with it's channel trending down and converging.... regression channels are closing... it only has a couple of more weeks before it breaks to the negative and will break through it's 20 and 50 ma in short time.... the 50sma is a solid bull/bear trend line. Then its a race to the bottom.
The retail margin load here is at unprecedented levels... and I expect the commercials, hedge funds, etc are heavily leveraged on cheap credit as well. If the break has momentum, this could be a very, very ugly short squeeze. SRTY would be the best play then. It hit 550 in the 2011 correction and 1000 in the 2010. Trading at 30 today.
Regards and good luck.
Huh? Retail margin isn't at "unprecedented levels", retail biz is pretty slow, actually..... Regardless, if margin DOES break, it doesn't cause a "short squeeze"- shit gets sold off to cover margin- prices go UP during a short squeeze, not down.
It's no mystery that cheap debt is the biggest problem- it's what Tyler has been pointing out for weeks now, but thanks anyway.......
Sell the paper.
Buy the physical.
Kill a bankster.
Happy New Year!
Gold
http://www.globaldeflationnews.com/gold-elliott-wave-update-for-week-end...
USD
http://www.globaldeflationnews.com/u-s-dollar-indexelliott-wave-update-f...
DJIA
http://www.globaldeflationnews.com/dow-jones-industrial-averageelliott-w...
10 Yr T-bill (yield)
http://www.globaldeflationnews.com/10-year-u-s-treasury-index-yieldellio...
OIL
http://www.globaldeflationnews.com/oil-light-sweet-crudeelliott-wave-upd...
I down voted you for posting link to a 2 week old Au chart.
If you are going to present yourself as an expert don't be an idgit.
dude says
This "Santa Rally" began in March 2009 when the Dow was 6600.
What are you babbling about?