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Stocks Suffer Worst Santa Claus "Rally" Since 1999 As Crude Plunges Below $50
Well that really did escalate quickly...
The market's internals triggered another Hindenburg Omen (each of the prior clusters worked and were saved by Fed speak)...
This was the worst Santa Claus Rally (Sell-off) since 1999...
But still up from pre-FOMC...
Europe started the day ugly with German CPI and Grexit fears mounting (trumping any hope/hype from Draghi for now)...
Leaving US equities down hard on the day... (as a late day ramp failed totally!)
The Dow closed below its 50-day moving average (first time since the day before FOMC)...
With Energy worst on the day...
As it catches down to oil prices and credit spreads...
As a realization that maybe oil prices are on to something ripples thru markets... perhaps stocks can't handle this truth
Treasury yields were crushed lower... with 10Y nearing 2.00% again (and 30Y under 2.60%) - with 10Y and 30Y now below FOMC levels...
With stocks catching down...
Stocks caught down to credit's lack of exuberance...
The US Dollar rose modestly despite signficant JPY strength though it did fade throughout the US session...
Despite modest USDollar strength, gold and silver also rose on the day... (Gold above $1200 and Silver over $16 again)
Charts: Bloomberg
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Wall Street got everyone a pump and dump for christmas.
Just a welcome home for Obozo from his $50,000 vacation. He'll
B on the phone to mr. yellen tonite.
Since 1999. ummm...
What a funny comparison. Crude was $20 something a barrel back then, and the consumer paid 99 cents a gallon for gas.
I remember housing being a lot more affordable back then too.
we been waiting for a crash for how many year? and this will be the on SURE it will. just like on jab 26 an asteroid gonna hit the whitehouse. I'll take the pabst blue ribbon for that seen
Goodbye Russia
If the shit doesn't hit the fan this year then I'll drink my piss.
I'm convinced you're correct, but just in case:
Shaken or stirred ?
I wouldn't make that bet but it does seem like they are buying less and less time with each PPT/ Fed speak pump doesn't it? Desperation is here, now we just wait for its friend panic to join the party.
no sense in PPT wasting ammo on a 20 VIX... save it for tomorrow.
Oh ya, they have her sighted in for 3:30 tomorrow for sure.
"FED to the Rescue 4", movie tomorrow ! And don't forget the mandatory PM slam at 3 AM sharp...
Since we're talking prognostication, I'll note that Martin Armstrong has been calling for it to happen the 3rd quarter of 2015 for at least 3 years now.
I wasn't calling for a full blown QE, just for the usual futures pumping to get things back in order...
Why buy gold when you can buy an entire tax base?
Because gold doesn't come to get you (as most "tax bases" tend to) when the shit hits the fan...
If it doesn't happen by the end of October I'll have it neat. No noticeable collapse by after midnight Dec 31, I'll have another tall order, this time on the rocks...
(Spoiler: the rocks will be made from another one of my more 'frothy' liquids - if you catch my drift)
I like it, hedging his piss put...!
If it doesn't happen by the end of this year......
I will say I told you so. I don't think anything major is going to happen. Some stock bulls might lose their faces, we could get a nice big pullback. But no big SHTF scenario. Gold still sub 1500, silver sub 25. Oil will probably test 35/barrel, central banks will print again, onward we limp towards the inevitable. But I don't believe we are there yet.
My patented Crash-O-Meter is putting the odds of >10% down day tomorrow at 2.6%, the highest I've ever seen it go. 3.4% (of a 10% one-day drop) by the Fec OpExp. Lulled into comas, most are missing just how bad the situation is IMHO.
For many reasons, I would like you not to drink your piss...
But let's suppose you have to do this (Janet is so powerful) : could you post a video of it ?
That'll ease my financial pain,
Well, either way: urine therapy, or you're in therapy
Peter La Fleur: [after Patches hits Justin in the face with a wrench] Yeah, uh, Patches... are you sure that this is completely necessary?
Patches O'Houlihan: Necessary? Is it necessary for me to drink my own urine?
Peter La Fleur: Probably not.
Patches O'Houlihan: No, but I do it anyway because it's sterile and I like the taste.
Peter La Fleur: Okay...
[/Dodgeball]
I have been predicting for years now that 2015 will be the year things start to CRACK but the shit won't hit the fan.... That will be in 2016. Just get long and stay long UVXY.
Those reverse splits hurt.
I've already committed to shitting a live clucking chicken.
LOL. You should post a link to where you wrote that earlier today.
Luckeeee. Mines a frozen Turkey.
Who's joining me for a few pitchers of Kool-Aid over at the ole CNBC headquarters?
it would be funny if Putin is the one lowering gas prices to make our quadtrillion debt star explode
You may well be on the mark
He is a judo afficionado.
Putin did say that Russia will be INCREASING production -- and that is NOT what you would normally say if you were afraid of lower oil prices!
Sorry, I must be dull.
Why Thomas the Train in the picture montage?
Are we going to have a steamie vs diesel debate?
I wondered that, too. Pretty sure it means "the train has come off the rails". Either that or Thomas is just being a very useful engine again.
In any case, we've evolved as a board to the point we no longer even need the written headline any more. Just follow the pictures across left-to-right. Everything is awesome, then something came off the rails, then oil tanked, people couldn't handle the truth, the unicorn barfed and then everything crashed in flaming wreckage, killing everyone. It's like working a McDonalds order register but with financial stuff.
I've come to look forward to the 4:00 montage.
YESSS
I followed um right to left and it came out just the opposite, go figure.
The only thing I can think of is his full name is Thomas the Tank Engine. Maybe it's supposed to indicate the market "Tanking"
BTFD? BTFATH? When pigs fly....
Roll out the Bullard!
Bulltard should be out in the next FMOC.
They're getting his podium and teleprompter ready as we speak.
We already know it's Saudi Arabia doing it. They've actually increased production even while demand is down. It's a direct attack on shale oil.
Maybe they'll drown in thier own oil.
The US Dollar rose modestly despite signficant JPY strength..
You just have to read that 100 times before you have your first stroke. Yen is a safe haven...yep...yep...yep...yep...yep.
This is a shemitah year...
<now I apoligize for those who have already read about this>
Every Shemitah year without exception 100% of the time has predicted every recession and depression. If you want a good analysis book covering this I highly recommend Johnathan Cahns book "The Shemitah Year : Long Title"
We entered the Shemitah year on September 24, 2015, and it will end on September 13, 2015
The last two Shemitah years TO THE DAY ended with exactly 7% market corrections on THAT DAY with major recessions.
This one will be no different except in one difference.
Many expect it to be even worse.
9/24/2015-9/13/2015,
thats a fucked up year man,
hey don't bogart that joint i want some
F-ing Tribe Calandar.
mazel
Jamie Dimon at the NY Fed: "Someone get Dudley on the fucking phone and tell him to get a "print 4 eva" quote to Hilsenrath, stat! He's in the Bahamas? I don't fucking care! Get his ass out of bed and tell him we're getting killed over here!"
"I can envision the 10-year note trading to a new low yield (below 1.38%) and even below 1%. I expect the yield curve to flatten viciously this year. I remain a bond bull and believe the 30-year yield will trade with a ‘one handle’ (i.e.; below 2%) in 2015."
hhmm, ... someone been peeking at my notes
Sum Ting Wong
Ooooh. The Dow dropped a little less than 2%! Let me know when the Dow is down at least 15-20%.
So Dow 20K, by the end of this week, or next?
yeah, ... when the market broke in october i thought "this might be it"
Enter Bullard stage left
and if i'm not mistaken ... the biggest 6 week rally ... in history
What's hilarious is how if the market is down "big" again tomorrow how everyone will be running around with their hair on fire. Wait until the market is actually down 20% (I know probably a snowballs chance in hell). Good luck finding a bid then.
When the market tanks you will know. It will not be a namby pamby 20 percent this time around. Pffft....gone. The only question is when.
20%, now that's a dip I actually would be willing to buy
2.037
10yr yield flirting with the mendoza line
gravity will win ... as always
.5 seems to be the line in the sand. After .5 is breached they will take Au off the periodic table.
I think the end game is the various maturities hitting zero in successive fashion (2's,5's, 10's, and finally 30).
Not only that, but they'll consign it to The Fairy World, like the Unicorn Fart or the Tight Middle-Aged Pussy. Gold will be a relic.
Three of billion people in Asia disagree.Add in Africa and the Arabs, and thats Custers last
stand.
Yeah but he ended up with an arrow in his prick. I'd rather buffer the teeming crowd with silver, with its colloidal benefits and pure electronic superiority. Doesn't mean gold isn't great, just more likely to be placed in mythical status, or even confiscated. History has proved The Color is malleable enough for all forms of murder.
Nobody gives a fuck about honest money anymore. That, and who the fuck is going to teach them what is? This has been perfectly planned. I want my free shit! Give it to me and I will lick your balls and bring you the newspaper with a grin.
I give a fuck about honest money.
Bad times, Tech Bust, good times or plenty, my wife and I have run our own businesses for almost 20 years each. We variously employ people, and pump something organic into the real economy.
You might agree to licking balls today, but what happens when his conditions change to where your master bathes but once a week?
I think we are in agreement, Barnaby.
The only question that a true englishman should ask himself is : How RUDE can get CRUDE?
All the way to zero? Now thats NOT CRICKET !
Imagine those City denizens with their derivative bets based on the house of cards of Oil Oligarchs who will all disappear like rats leaving the ship. City lights going out? On puleeeeese !
Oh the humiliation for Boris and Cameron. Downtown Abbey will become a morn place where the "down belows" won't tip their caps reverentially to those above!
Man, we will have to rewrite the script.
does this mean we can get rid of this stupid media saying "Santa Rally".
Markets do what they want not some correlated crap uttered from juiced up media.
Just trade what's in front of you,
I had four short trades today, stopped on one, so pretty happy.
Happy New Year it is then!
but but ... Krugman sez MOAR MOAR
Well, my girlfriend came over last night, I made a fire, had some cold Blue Moons with orange slices, and at 57 years old I was able to get a hard on and rock her world...Then again this morning..
She left sore, so I really dont care about the stock market or the price of oil anymore...
Try to buy a peace of land outside the city, and live off grid. And screw precious metals, as soon as this all breaks thru they will outlaw precious metals, or they will tax it to death...Ya think they cant? Well look at NDAA, NSA spying, arming and training ISIS, blah friggin blah, they will do whatever they want, they have been doing it along time and nobody does anything about it except write comments on websites...And get right with Jesus, its the most important of all.
So Love Pussy and Jesus,,, GOT IT
Amen.
I am glad I posted what I posted...It shows that most are nothing but money hungry crap bags..I have silver, but I dont act likes its god like most of you do. I dont own oil stocks, but some of you do and you are frustrated.. Your emotions come from the lust of money which is the root of all evil. My x wife was the same and that is why her/our daughter is dead. I lost my left brain July 8. You should try it. The only reason I get put down is because many of you lust money...and when the stocks, or oil, or precious metals gets manipulated you become a basket case...and yes I love Jesus and I enjoy being next to a woman. It was all created for that reason. It is unbelievable that even on zerhedge how stupid people are...ITs because you lust money, the root of all evil.
Evil existed long before money.
no it didnt...its always been about money, whether it was bartering or whatever...whoever has the most money can control...even apes know this. But their control is only one dimensional, thus, over time, those with mony have you to think one dimensional...You may be here and know those in control manipulate the stock market, and gold prices, but you are still their slaves. In short due order, you will see an article on ZH saying precious metals are outlawed..Its a game and you are part of it, while at the same time complaining about it.
last night i did laundry and vacuumed ... and fell asleep while my wife did work on the laptop in bed
Partae!
tuff on your laptop ! All work no play?
Imagine no crumpets in bed.
I find your poast misogynistic and ill-informed, and for that you deserve an award. Almost 60 years of ignorance. The grid isn't to be feared, it's just a conduit, and your deliberate non-participation raises flags for the "low-hanging-fruit enforcement types."
Get yourself some land in an unincorporated part of a Home Rule County, where the Sheriff serves only the Constitution of your great state and is accountable by referendum or election. Hold off all predators, teach when you can. 2015 can be the year of the New Republic.
What was your wife doing while you were chaffing the girlfriend's pussy?
July 8, 2014 we lost our 17 year old daughter.. July 8, I lost my wife...I was zombified for over a year and wonder if I will ever get over it. But I cant live in the darkness forever, and my girlfriend helps....Hope that answeres your question...This is why I do not care about the stock market, precious metals, or the price of oil.
I hope I answered your question.
I don't care in general about the fake shit except metals which are real. I along with others are not keeping it down in price. We have no control of what's occuring or will occur. Were the little people.
coast to coast.
BULLISH!!! Minor correction, tomorrow the DOW will rise 400 pts. Some FED member or Draghi himself will save the day. If not then jobs report on friday will make everything smell like roses again. Rinse and Repeat. Same old story.
You are spot on...There will be an explosion to the upside SOON and this insignificant drop will be a distant memory.
How did a Sandy Hook victim end up mourned as dying in the recent Pakistan school attack?
20,000 Ebola cases later…
HR 428 sponsors to increase pressure for release of 9/11 Commission’s 28 classified pages
http://www.zerohedge.com/news/2014-09-23/cdc-fears-14-million-ebola-case...
20,000 Ebola cases? Should be 1.4 million by now. Another failed prediction by "experts".
Dude, you are seriously starting to annoy, throwing out clickbait and peddling your bullshit blog constantly.
You are almost as bad as that "angry sinner" jackass.
Well, maybe one bad call deserves another: How about that down 450 point DJIA call, minus 2.5%, for tomorrow instead, to double bottoms at 17,000 and SPX 1970, NYA 10,350, RUT 1150, where varsity knife-catchers appear to be gathering:
http://bigcharts.marketwatch.com/quickchart/quickchart.asp?symb=djia&insttype=&freq=1&show=&time=5
Al Stewart puts down his copy of the Financial Times, shakes his head, and decides to re-write his 1976 classic:
On a morning from a Chandor movie
In a market many start to fade
You go strolling through the crowd like Peter Thiel
Contemplating a trade
She comes out of the sun in a Greek dress
Cut like a waterfall in Spain
Don't bother asking about deflation
She'll just tell you that she came
In the Year of the Crash
Love that Al Stewart! Peace Train is also a great one as well as Time Passages. Whatever hapened to good ballad singers, anyway?
CRUDE WILL PLUNGE BELOW ZERO DOLLARS IN 15 BECAUSE OF NEGATIVE INTEREST RATES.
I plugged the numbers into my JP Morgan derivative equation and I get that too!
some one or something will show up
with a lunch box sized free energy device...
with only 7 parts,that produces 10kw continuously ,
powered by cosmic rays or something
thus oil looses most of it's value overnight...
Well the preliminaries on the quarterlies and annuals are in and they apparently look good enough to move forward. You all realize that when I'm right again on this Commodity call (linked below), as I was about QZ8501, my once quiet shop that reads "Psychic to the Starz" and with its friendly little logo on the florescent sign in the window
http://www.bibliotecapleyades.net/imagenes_sociopol/esp_so60.jpg
will now threatened by psychopaths with automatic weapons and body armor. They will demand that my spiritual advice be ruled and regulated by the bureaucrats that oversea investment advice. When in reality my unalienable rights to freedom of religion will be put in jeopardy by very same satanists that use these same means to their own evil ends. Well as that douche bag Stephen Harper and the drunk old Vet at the War Memorial after the fake Ottawa shooting say, "We will not be intimidated!"
Whatever happened to the separation of Church and State? Oh, that's right it was an illusion presented by the same hierarchy that controls both the Church and the State
http://www.zerohedge.com/news/2015-01-01/when-btfd-fails-hedge-funds-say...
After the FED’s multi trillion injections, it seems that Obama’s oil sanctions and rigging are costing the American economy a shitload more than that 30 billion it’s costing the russians...
FORE!
W T F . . . Soybeans up big today......huge crop in SA on the way as well.....should have been limit down.
tofu tuesday ...