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Worst Start To A Year Ever, Stocks Down 5 Days In A Row

Tyler Durden's picture




 

How many are feeling after the worst 3-day start to a year EVER...

 

Market internals triggered a 2nd Hindenburg Omen...

 

The S&P 500 is down 5 days in a row - the first time since Sept 2013... with the biggest 5-day decline since Jim Bullard saved the world... (finding support at its 100DMA for now)

 

And broad equity indices bounced intraday off that 100DMA support (in Dow and S&P) - with JPY ramping stocks back to VWAP...

 

From the Russell 2000's peak, stocks are still down notably...

 

But today had a similar feel to yesterday with some afternoon dip-buyers vanquished... (but the S&P 500 just held 2,000)

 

As Energy stocks tumbled back towards oil's weakness...

 

as Energy credit risk topped 1000bps again and broad spreads widened...

 

As WTI traded with a $47 handle!! After Saudi "demand" comments...

 

The biggest news of the day - apart from the worst start to the year in stocks ever... and oil trading with a $47 handle!! - was the total collapse in bond yields...

 

The USD rose modestly in the day (rallying during the US afternoon unlike yesterday)...

 

but overall JPYwas still in charge of stocks...

 

Once again - despite USD gains, Gold and silver rose with the yellow metal testing $1220... (and silver surging)

 

 

Charts: Bloomberg

Bonus Chart: For The White House onlookers - NOT Europe...

 

 

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Tue, 01/06/2015 - 17:13 | 5629670 Pool Shark
Pool Shark's picture

 

 

Cash, Bonds, Gold...

March 10th will mark the 15th Anniversary of the NASDAQ All Time High (5,048). If you bought then, Congratulations! you've only lost 9% over the last 15 years.

I suspect 15 years from now, I'll be typing the same thing about those who bought the S&P at last month's highs...

Remember, the first two peaks were "Bubbles," what do you think the third one will be called?:

http://www.fedprimerate.com/s-and-p-500-history-chart.gif

 

 

Tue, 01/06/2015 - 17:18 | 5629743 wallstreetapost...
wallstreetaposteriori's picture

2015 will be the year for GOLD!!!  

Tue, 01/06/2015 - 17:21 | 5629772 Manthong
Manthong's picture

Well, you know what they say..

"The plummet of a thousand points begins with a three day plunge".

 Actually, I just made that up but it has a nice harmonic ring to it.

 

Tue, 01/06/2015 - 17:25 | 5629792 power steering
power steering's picture

SPX is buildig  the old Hunchback pattern

Tue, 01/06/2015 - 17:37 | 5629849 SWRichmond
SWRichmond's picture

So if those HY Energy OAS are credit spreads, then isn't the default risk on those higher than the default risk on Russia?

Who is winning?

Tue, 01/06/2015 - 17:36 | 5629855 Four chan
Four chan's picture

i say 6 days in a row at least.

Tue, 01/06/2015 - 17:47 | 5629925 max2205
max2205's picture

This drop is so JV

Tue, 01/06/2015 - 18:20 | 5630068 Hubbs
Hubbs's picture

But don't JV players become varsity players as they get older?

Tue, 01/06/2015 - 18:35 | 5630151 Jeff the Terrible
Jeff the Terrible's picture

The e-trade baby is getting high somewhere with the Nirvana Nevermind baby right now.

 

https://www.youtube.com/watch?v=VI6tBwVjyOY

Tue, 01/06/2015 - 19:02 | 5630300 Slave
Slave's picture

Clearly what we need to fix all of this is more neocons and less gridlock in CONgress.

/sarc

Tue, 01/06/2015 - 20:22 | 5630557 Escrava Isaura
Escrava Isaura's picture

 

 

This is what needs to be understood. The key to fix US economy.

https://www.youtube.com/watch?v=zIkk7AfYymg“#t=0m23s

 

 

Tue, 01/06/2015 - 20:55 | 5630668 eatthebanksters
eatthebanksters's picture

First the Greenspan bubble, then the Bernanke put and now the Yellen putz...

Tue, 01/06/2015 - 21:41 | 5630854 Escrava Isaura
Escrava Isaura's picture

 

 

The Infamy Post

8 December, 1941

 

The problem is NOT the Fed.

The problem is the dollar being issued by the private banking cartel, instead by the US Treasury, as credit.

The day that the American public realizes that….

That will be the “Date Americans Will Be Free.”

 

 

Wed, 01/07/2015 - 08:52 | 5631857 SWRichmond
SWRichmond's picture

The problem is that people believe they need a "government" to keep "order" and execute "laws".  The problem is that people tolerate "law enforcement" enforcing "laws" written by "leaders" designed to enslave them, their minds, their children, and to seize their propertty, their wealth, and even their children.

Tue, 01/06/2015 - 21:43 | 5630875 Escrava Isaura
Escrava Isaura's picture

 

 

eatthebanksters

But I am not counting on it

Because the propaganda to dumbdown the American people is really good.

 

Just listen to yourself.

 

Wed, 01/07/2015 - 04:26 | 5631516 TheBigComic
TheBigComic's picture

This is a great video, i don't get why you are voted down on this.

What was expressed in the video was my understanding for quite some time.

Money facilitates market transactions (it is liquidity), it should not be a commodity in and of itself. When money is a commodity man's labor becomes a commodity of speculators and man loses his freedom. The value of his labor is not determined by himself but by the speculators.

Those who support it being a commodity I think fall into two camps, those who think they know how to spend other peoples money better than them, and those who want to take other peoples money from them.

Very "con"vincing arguements are constructed to support both sides of that same coin. And both sides of the coin lead to a loss of freedom of the individual.

Does technological progress go forward slower ... perhaps yes, but fewer are sacrificed into the volcano of central banking.

Some say "educate the people!!" ... and many with weath say "the people never learn so I will make my money off of this system and find a quite place somewhere " ... perhaps this is related to the "camel and the eye of the needle".

But just as the quality of rulers spring from the quality of people so do the quality of economic systems spring from the quality of people. But the dynamics of human history are beyond humans ... although that is what the elite is trying to control.

History moves slowly and I wonder whether or not we willl make it, ... but always the beauty and mystery of life gives me hope. The best things in life are free and many times out of reach of the rich.

Just as those in past times who buried their shit with a shovel or wiped their ass with leaves and grass ... similar times we live in relative to economies and societal organization.

At the same time we have a massive explosion of information and technology, ... and at the same time massive explosion of ignorance and suffering.

I will admit a massive ignorance in regards to human history, everytime I dig deeper I learn new things. It would be hard to understand the past without actually living it to remove from your mind what you know and experience things contextualy ... an impossibility without time travel.

I have long term hope for humanity, but little hope for many people short term. But I pray for all people.

I still live each day in wonderment and enjoyment, I am poor by the standards displayed on this site.

I liked the humility of the two men who explained the situation on that video. 

But who today will listen? Without flash, glam, and glitter ... without power ... the people won't listen. The amount of fragmentation of thought, knowledge, ability, compasion, ... it is spread in all directions good and bad. ... A search strategy perhaps?

Perhaps in the next iteration of things (future lives) we can find a way to keep the knowledge (so that it is not lost), keep the light burning (so that it is pass on), and to formulate a plan to reduce the bad aspects of humanity in a peaceful way. Many times I think that is what some in organized religion tried to do. And damn pirates end up hijacking it.

Random thoughts after only a couple of beers.

Peace to all good people.

 

Tue, 01/06/2015 - 18:07 | 5630019 Groundhog Day
Groundhog Day's picture

if we can go up for 28 days in a row why can't we go down for about 12

Tue, 01/06/2015 - 19:29 | 5630377 nmewn
nmewn's picture

Be careful, they smoked some bears last time in mid-October with a false double top.

And a magnet under the table ;-)

Tue, 01/06/2015 - 19:37 | 5630410 Lux Fiat
Lux Fiat's picture

Normally I would agree.  But was just on Yahoo Finance (don't ask), and the main story positioned at the top of the news has this teaser headline - "Don't fret too much over mounting turbulence in Greece   Every now and then, political turmoil in Greece threatens global financial markets. Then the problem fades."   http://finance.yahoo.com/news/3-reasons-investors-can-stop-worrying-about-greece-170441801.html

When the MSM start trying to soothe the restive sheep, it's a pretty good bet that someone is setting up to shear them. 

Tue, 01/06/2015 - 19:44 | 5630434 nmewn
nmewn's picture

Could be, I don't dick around with stawks anymore.

Just sayin the support is around the 1960-1970 range or a tad lower, they suckered "some folks" in who were watching the last break back in October and they had to cover, forcing it higher on the buy in.

Flames would have to shooting out the top floor windows to get me to even consider going back for a quick scalp...lol.

Wed, 01/07/2015 - 02:25 | 5631433 Lux Fiat
Lux Fiat's picture

I'm not rushing out to place any trades based on the article.   Even if it does turn out to be a tell, as you probably know, things can take a lot longer to develop than one might think, and directional biases often pave the road to avoidable losses.

My intent is to share something that may be of interest, not tout.  In the same way that the chart with the diverging price action between crude oil and oil stocks is of interest (to me at least).  Until specific stocks meet and trigger setup criteria, I'm not placing a trade.  But the price action draws my attention, in the same way that the possibility of spin behind the Greek stock story does.

Wed, 01/07/2015 - 07:38 | 5631637 nmewn
nmewn's picture

"My intent is to share something that may be of interest, not tout."

Oh no, I understand, no harm-no foul ;-)

Tue, 01/06/2015 - 21:58 | 5630912 cnmcdee
cnmcdee's picture

Why are you on Yahoo Finance. sorry I had to :-)

Wed, 01/07/2015 - 01:20 | 5631381 Lux Fiat
Lux Fiat's picture

Grrrrrrrrrrrrrrrrrrrr.....  (jk)

Several years ago, the Daily Bell site, before they changed their format and focus, used to have regulars posts, usually by Wile or Tabor, that dissected the "meme of the day" in a very objective fashion.  Very educational for someone like myself who was starting to open their eyes, so to speak.  I surf out occassionally to various MSM sites to attempt to get a read on the current story-telling and spinning.  And for tells - of which the article mentioned may be one.

Tue, 01/06/2015 - 20:13 | 5630520 gatorengineer
gatorengineer's picture

I confess, I got sheared by Bullard, and got sheared by Old Yeller, trying not to get fooled again......

Tue, 01/06/2015 - 20:39 | 5630640 enforcer92677
enforcer92677's picture

Me too.  I got burned the first week of December and my account is empty now.  Out 10k for 2014.  :-(

Tue, 01/06/2015 - 20:50 | 5630675 nmewn
nmewn's picture

Aside from its "normal" schizophrenic nature, its tough when its this choppy. All I ever did was break even after a lot of aggravation, tax work and lost time, my time has value. I now consider it like overpaying taxes, someone else has the money...lol.

I sleep better knowing I lost it all in a boating accident anyways ;-)

 

Wed, 01/07/2015 - 00:33 | 5631296 homme
homme's picture

 All I ever did was break even after a lot of aggravation

 

Same here. I always say, "I done real good. I broke even!"

Tue, 01/06/2015 - 21:34 | 5630826 northern vigor
northern vigor's picture

"Old Yeller"..............I'm not crying this time when Ol' Yeller gets shot.

 

Tue, 01/06/2015 - 19:39 | 5630417 Greenskeeper_Carl
Greenskeeper_Carl's picture

green finish tomorrow, led by the most shorted stocks...

 

(if history is any guide, that is. I'd also wager friday will finish green as well)

Tue, 01/06/2015 - 19:47 | 5630440 Ms. Erable
Ms. Erable's picture

Prolly a good idea to keep your junk out of the bear traps; them teeth hurt.

Tue, 01/06/2015 - 17:47 | 5629916 SAT 800
SAT 800's picture

Excellent post; and the answer is; RUSSIA !! bitchaez. (I couldn't help it, the devil made me do it). Wow; what a an entertaining movie; good thing I got plenty of popcorn.

Tue, 01/06/2015 - 17:51 | 5629942 SWRichmond
SWRichmond's picture

Dear market-manipulating douchbags:

"You arrogant ass, you've killed us."

https://www.youtube.com/watch?v=IxO8_lOOra8

Tue, 01/06/2015 - 17:36 | 5629852 cifo
cifo's picture

It's not "worst" if you are making money.

Tue, 01/06/2015 - 20:14 | 5630523 Greenskeeper_Carl
Greenskeeper_Carl's picture

nope, and Im looking on the bright side, only about 4 more days like this, and my SPXS will be in the green!!(not getting my hopes up, not by a long shot, since this is the only part of the economy thats 'improved', it must be kept up at al costs)

Tue, 01/06/2015 - 17:31 | 5629820 Jurassic
Jurassic's picture

There are no significant supports left. Who would try to catch falling shit from such hights? :D Those who know whats coming are already hidden in covers.

Tue, 01/06/2015 - 17:43 | 5629900 Carpenter1
Carpenter1's picture

Gee, wonder what would happen to the yen carry trade if abenomics was declared a failure and the Japanese economy crashed, destroying 100,000,000,000,000 yen in 3 minutes?

Tue, 01/06/2015 - 17:36 | 5629857 SAT 800
SAT 800's picture

I hate to say I told you so; but I told you so. About three hundred times; and everybody is piling on and going; no, no. see it;'s all the FED, their interet rates, and it can't go down, and no, no. Ha. that's all I can say. Ha !!

Tue, 01/06/2015 - 18:22 | 5630082 mkkby
mkkby's picture

Silliest of all the silly comments.  We almost closed green today.  This is just fear from the Greek elections, which are over now.  There is no catalyst for a further panic, so we will stabilize and return to the bull trend over the next week.

Eventually there will be another ugly bear market and my powder is dry for those days.  Probably not in the next 2 quarters unless the plunge in oil prices brings on another Lehman-type panic.  Or maybe citi has derivatives that are in peril -- that bailout bill was for a reason.

Tue, 01/06/2015 - 18:32 | 5630140 SAT 800
SAT 800's picture

i hope you're right; I'd love to short the next top. This market is unstable, nervous, narrow, and topping. and it will crash. you don't know when, and i don't know when; but i do know it will crash.

Tue, 01/06/2015 - 20:16 | 5630533 jcaz
jcaz's picture

Wow- thanks for regurgitating Tyler's Citi story and trying to make it sound like your own idle thought.....

So you're saying that.... We're going up, unless we go down?

YOU, Sir, are the next Secretary of Treasury!  "Bull trend"-  what the fuck are you smoking?

Shoo- back to the Yahoo Finance chat boards for you now.....

Tue, 01/06/2015 - 17:37 | 5629861 Hitlery_4_Dictator
Hitlery_4_Dictator's picture

We bad started the year some folks!

Tue, 01/06/2015 - 19:37 | 5630406 actionjacksonbrownie
actionjacksonbrownie's picture

It's actually been an awesome start to the year if you watch the miners. Last 2 days have been fantastic.

 

Big, big decision time for gold from today going forward. It is right at it's 3 year down-trend line, and if it breaks to the upside with conviction, you would be wise to have your favourite miner/gold bull etf cued up and ready to hit the buy button (assuming you are on the sidelines).

 

Got gold???

Tue, 01/06/2015 - 20:14 | 5630530 gatorengineer
gatorengineer's picture

Miners are way ahead of gold.  On a bought of good news gold could open down 3 percent and Nugt or dig could open down 20 percent be careful with Beta'd miners

Wed, 01/07/2015 - 06:39 | 5631600 samcontrol
samcontrol's picture

my agq option is up80% the first two days of trading.
What " could " this mean?
Nothing!

Tue, 01/06/2015 - 17:39 | 5629872 Antifaschistische
Antifaschistische's picture

...I just assume now that everything is artificial.  That being said...I assume insiders at the  Inverted Plunge Protection Team, FED, Treasury/IRS were engaged in a full scale year end pump to help lock in 2014 Capital Gains.

..Now, they're just unwinding their positions.

Tue, 01/06/2015 - 18:00 | 5629985 dirtyfiles
dirtyfiles's picture

hey maybe Taylor is not so dick head any more...

Tue, 01/06/2015 - 20:35 | 5630618 Eirik Magnus Larssen
Eirik Magnus Larssen's picture

Having just finished reading the book "Flash Boys", there is no doubt that these markets are rigged. A logical consequence of unfettered capitalism.

Tue, 01/06/2015 - 23:39 | 5631161 Jstanley011
Jstanley011's picture

Unfettered captialism does not allow the rigging of markets. Unfettered capitalism requires honesty and transparency. It's fettered capitalism that rigs the markets, a.k.a. crony capitalism. This is a fact that the socialist dupes refuse to see, which guarantees their continuation as socialist dupes.

Tue, 01/06/2015 - 18:30 | 5630112 Hubbs
Hubbs's picture

It will be interesting to see how the bankers/FED further plan to limit the rise in price of PMs. First the 400 dollar collar, obviously not to protect gold from a down draft, rather an upswing. Next they will limit the number or volume of trades, or will require deposit of money in an escrow account in addition to the usual purchase price, to ensure against an "unexpected price rise"---something totally screwy like that.

 

Kind of like when you buy a ticket for a cruise, they make a provision for a fuel surcharge after you've purchased the ticket--it only works in their favor if the price of fuel increases, but if it decreases, will you get a partial refund?   Noooooooooooooooooo!

Tue, 01/06/2015 - 18:34 | 5630143 SilverDoctors
SilverDoctors's picture

Sure is looking that way.  Stewart Thomson is stating The Fed will ask the Chinese Central Bank to REVALUE gold in 2015...

After a 3 plus year correction...about time for the entire PM sector to rock and roll. 
Personally I think the sector will decouple from the market this time and won't follow it down like in 2008-9...esp if the first week of Jan is any indicator... 

Tue, 01/06/2015 - 18:49 | 5630239 jaxville
jaxville's picture

Damn .... I pissed all my money away on gold and now I can't buy shares at these lower prices.

Tue, 01/06/2015 - 20:03 | 5630422 noben
noben's picture

"2015 will be the year for GOLD!!!"

Every year is "The year for Gold".  Depends if you're buying or selling.  Or doing both (dealer).

Personally, having been disappointed with a zillion "Gold's up", I'm no longer holding my breath.  To me it's "the prettiest insurance policy" I ever owned.

When I think back on the California Gold Rush, a wiley and entrepreneurial Mormon by the name Samuel Brannan comes to mind.  When his parishioners brought him gold tithing that they panned, he didn't rush out to do the same.  Instead, this crafty guy (with a vision and a plan) decided to get rich without getting his hands dirty:  He bought up all the gold pans between S.F. and  Sutter's Mill -- he paid 20 cents each for the pans, then sold them for $15 apiece. In nine weeks, he made $36,000.

http://en.m.wikipedia.org/wiki/Samuel_Brannan

And, like in any 'gold-rush' (economic boom), more millionaires were/are created from being the Middle-man, by selling the proverbial picks & shovels (tools, equipment, supplies), than from the gold prospecting itself.  Moral: guys with skills get rich the steady-Eddy way (low risk x modest reward).  Guys with few skills go for the desperation moves (high risk x high reward), in the hopes of getting rich quick.  Some elements in the Gold community make the impression (of desperate hope).

I am certain that the same goldrush phenomenon applies to the Libertarian movement:  More millionaires are created from providing Libertarian services (Contrarian Investment, moving Assets offshore, Newsletters, having Blog sites, selling Prepper gear, etc), than from making money on the investments themselves (resources, PM, commodities).  These Service Providers (goldpan sellers) simply cater to a different market segment and different set of demographics than the Bulls do.  Same as it ever was.

p.s. I say this without prejudice or judgment, but purely as an observation.

Wed, 01/07/2015 - 06:41 | 5631602 samcontrol
samcontrol's picture

Unfortunately for me , great fucking post!

Tue, 01/06/2015 - 17:27 | 5629803 Id fight Gandhi
Id fight Gandhi's picture

I suspect 15 years from now using a new currency than the dollar and living a life I can't imagine now.

Tue, 01/06/2015 - 17:42 | 5629898 2muchtax
2muchtax's picture

I'll be cruising in my flying car in 2030.

Tue, 01/06/2015 - 20:33 | 5630606 Automatic Choke
Automatic Choke's picture

I"m still waiting for the jetpack that they promised me in 1985.

Tue, 01/06/2015 - 18:26 | 5630098 Crisismode
Crisismode's picture

I'll be plowing my vegetable gardens with a team of oxen.

 

Tue, 01/06/2015 - 21:27 | 5630804 mygameon
mygameon's picture

Hugelkulturs are easier. dig one every ten years.

Anyway are you a hybrid or heirloom seeds person?

We had our best crop ever in 2014 from prior season crop. I thought it would be much easier than it was. Those survival gardens in a can work great, it is the isolation of seeds that is tricky. Germinating in February in southern iowa is also a challenge.

Joining a seed club was helpful.

Anyway keep working the grown....

Tue, 01/06/2015 - 20:02 | 5630493 lakecity55
lakecity55's picture

Obamabux. Living under the interstate with the rest of us.

Tue, 01/06/2015 - 23:42 | 5631171 Jstanley011
Jstanley011's picture

We'll be saying, "Who is like unto the beast? Who is able to make war with him?" And, "Hey, Fred's getting the mark. He says we ought to too. I say, why not? Whadda ya' think, Ethel?"

Tue, 01/06/2015 - 17:29 | 5629812 mattgallis
mattgallis's picture

Been 90% since late last year.

Hope this bitch implodes.

Tue, 01/06/2015 - 17:38 | 5629870 SAT 800
SAT 800's picture

The most amazing thing of all; is that somewhere someone is reading this, and they're going to BTFD. Really, there is one, somewhere, there always is.

Tue, 01/06/2015 - 17:45 | 5629907 Bloppy
Bloppy's picture

those pictures are funnier by the day, anyone miss that E-Trade baby?

 

CNBC-Cantor lectures Republicans-- better do what Obama wants!

http://tinyurl.com/q5krn5s

Tue, 01/06/2015 - 19:22 | 5630343 Bay of Pigs
Bay of Pigs's picture

Of course, the BlowHorn interviews the disgraced clown who was booted from office, not the guy who took his place talking a much different story.

Fuck you CNBC.

Tue, 01/06/2015 - 17:57 | 5629975 Bossman1967
Bossman1967's picture

relax Yellen will save the market tomorrow and the punchbowl will be shown to be as full and spiked as ever. 2015 will be no diferent than 2014 as much as I wish this nightmare of an existance would come to an end these 1 per enters have not raped enough of us middle class.

Tue, 01/06/2015 - 23:14 | 5631099 williambanzai7
williambanzai7's picture

Eau De Humanity

Tue, 01/06/2015 - 23:37 | 5631154 dumbStruck
dumbStruck's picture

odure de la boom shell !

Crash und burn frauline baby !

Wed, 01/07/2015 - 03:32 | 5631476 Lux Fiat
Lux Fiat's picture

"For those times when you absolutely, positively need to spark some romance..."

Tue, 01/06/2015 - 17:07 | 5629671 whotookmyalias
whotookmyalias's picture

The only thing propping this market up right now is my short position in SP500 and DIA.  Once I close my positions, watch out.

Tue, 01/06/2015 - 17:12 | 5629708 McMolotov
McMolotov's picture

Game over, man! Game over!

Tue, 01/06/2015 - 17:16 | 5629732 Rainman
Rainman's picture

Shred Everything !

Tue, 01/06/2015 - 17:16 | 5629739 whotookmyalias
whotookmyalias's picture

I'm waiting for someone to take my profits from shorting the market away if I don't convert them into gold, silver, or lead quickly enough.

Tue, 01/06/2015 - 17:17 | 5629747 StackShinyStuff
StackShinyStuff's picture

So goes the first week of January so goes the month, so goes January so goes the yea...aw fuck just BTFD!!!

Tue, 01/06/2015 - 17:20 | 5629771 whotookmyalias
whotookmyalias's picture

Only FD buying I'm doing right now is either mo-mo, to close out a short, or hard assets.

Tue, 01/06/2015 - 17:32 | 5629825 SWRichmond
SWRichmond's picture

Where is Broccoli Man when we need him?

Tue, 01/06/2015 - 17:49 | 5629935 max2205
max2205's picture

ABC news says the savings in gas offsets the drop in your 401k.

 

What 401k?

 

Baaàahhhhaaaw

Tue, 01/06/2015 - 18:21 | 5630075 SAT 800
SAT 800's picture

Did they really say that ? God, that's sick. what sick fuckiing bullshit artists.

Tue, 01/06/2015 - 17:42 | 5629895 SAT 800
SAT 800's picture

If you wish to continue play; please insert another (silver) quarter. thank you.

Tue, 01/06/2015 - 17:14 | 5629724 pods
pods's picture

ZH announcing another Hindenburg Omen is like a shot of adrenalin just wait.  Almost as effective as The Deer.

So, basically, The Architect hates ZH.

pods

Tue, 01/06/2015 - 18:08 | 5630021 graneros
graneros's picture

Oh yea Pods you nailed it.  By this time next week all the boards will be greener than a boat load of Sierra Clubbers on their way to a save the "whatever" convention. (take your pick for the for whatever, whales, muskrats, 3 peckered honeysuckers, the protest du jour...)

Calling the top on this is simply impossible.  When it goes it will be like living in Pompeii AD 79.  There are tremors, always tremors, then we'll wake up one beautiful sunny morning and the world will be a different place in the blink of an eye.

Tue, 01/06/2015 - 18:27 | 5630105 mkkby
mkkby's picture

Quick, somebody call another bottom in gold.  I need more at lower prices.

Tue, 01/06/2015 - 17:25 | 5629791 LawsofPhysics
LawsofPhysics's picture

Thanks, please give us some lead time so I can go "all-in" on FAZ.

Tue, 01/06/2015 - 21:59 | 5630919 holdbuysell
holdbuysell's picture

"The only thing propping this market up right now is my short position in SP500 and DIA.  Once I close my positions, watch out."

I think my long positions in FAS and UPRO since September have negated your shorts...funny how the market has gone nowhere since.

Tue, 01/06/2015 - 17:07 | 5629673 Belrev
Belrev's picture

Nothing to write home about. Call me when the stocks slump 10 % in a day. And when Dow hits 10000 I will call it a crash.

Tue, 01/06/2015 - 17:10 | 5629695 Philo Beddoe
Philo Beddoe's picture

Forget stocks. Bonds are telling you the future. 

Tue, 01/06/2015 - 17:42 | 5629887 Its Only Rock N Roll
Its Only Rock N Roll's picture

and every industrial commodity too

Tue, 01/06/2015 - 18:29 | 5630125 Crisismode
Crisismode's picture

And what they are telling you is --

Grab Your Ankles.

Push Your Head Between Your Legs

and

Kiss Your Sweet Ass Goodbye.

Because the big one is coming soon to a market near you.

 

Tue, 01/06/2015 - 21:33 | 5630825 John_Coltrane
John_Coltrane's picture

So, a Japanese style stagflation it is!  Look to Japan to see our future (without the racial harmony, of course).  TLT to 1% yield or bust.

Tue, 01/06/2015 - 17:12 | 5629707 the6thBook
the6thBook's picture

That only happened twice in 2008.

Tue, 01/06/2015 - 17:09 | 5629681 Philo Beddoe
Philo Beddoe's picture

Bond yields. That is the fucking story. No growth...nada...zip. This is Japan, baby. 

Tue, 01/06/2015 - 17:17 | 5629746 the grateful un...
the grateful unemployed's picture

bonds are irrelevant except as means to transfer more reserves onto the bank balance sheets, zero yields imply ZIRP is correct, companies leverage the easy money buy more shares, and share the wealth with those who buy MOAR. bonds arent the problems its asset values. you prop up your companys stock on financially engineered earnings eventually the entire class of assets collapses. housing oil even gold, although people are less inclined to sell gold.

Tue, 01/06/2015 - 17:57 | 5629982 disabledvet
disabledvet's picture

Value is soaring in addition to "yields plunging." A lot of small caps down 90% here...strikes me as some value plays.

Tue, 01/06/2015 - 18:28 | 5630118 mkkby
mkkby's picture

Yep, bonds are irrelevant -- totally rigged.  No need to say more.

Tue, 01/06/2015 - 20:25 | 5630571 noben
noben's picture

"Bond yields. That is the fucking story."

If I think of Stocks, Bonds, FX and Derivatives... aren't Derivatives the biggest (and unseen?) part of the Financial industry?  If so, are you saying or implying that crashing Derivatives will affect Bonds first, or that Bonds will crash before Derivatives do?

Tue, 01/06/2015 - 17:11 | 5629692 SickDollar
SickDollar's picture

No real growth period, they can mask it all they want

Tue, 01/06/2015 - 17:20 | 5629773 youngman
youngman's picture

The growth is in the money supply....it has to go somewhere

Tue, 01/06/2015 - 17:54 | 5629949 SAT 800
SAT 800's picture

You know, I think you got a point there. In fact, it's constantly flowing from place to place; mostly seeking yield; when that starts to look scary to a sufficient number of persons; some of that money will flow into precious metals; and then it'll be our year. Hee-hee.

Tue, 01/06/2015 - 17:11 | 5629696 Jstanley011
Jstanley011's picture

Ever??? *Gulp* That's a long time!

Tue, 01/06/2015 - 17:54 | 5629955 SAT 800
SAT 800's picture

It is, isn't it.

Wed, 01/07/2015 - 00:13 | 5631238 Jstanley011
Jstanley011's picture

Yeah, when you look at market and economic data, it is striking how far it doesn't go back. Before 1900 it is really sketchy.

Tue, 01/06/2015 - 17:10 | 5629698 Make_Mine_A_Double
Make_Mine_A_Double's picture

Just a preview if oil keeps collasping.

 

Tue, 01/06/2015 - 23:40 | 5631165 Wild Theories
Wild Theories's picture

oh noes, who downvoted poor Tim as a link spammer

Tue, 01/06/2015 - 17:12 | 5629712 DirkDiggler11
DirkDiggler11's picture

Food, Water, Lead, Whiskey, Gold, and silver. Pretty much in that order....

Tue, 01/06/2015 - 17:38 | 5629859 coast
coast's picture

Water first. ya need it to grow food, then food...Not lead,  fmj or hollow points...any alcohol will do, whisckey is good but wine stores for a long time also.  I have no clue why you would need silver or gold tho. Shelter and heat is also important.  Use propane for heating because propane has a long long shelf span.  Ethanol gas has a very short life span, so if you store gas, buy non ethanol.

 Then print off 100 ZH articles to read to keep you amused :-)

Tue, 01/06/2015 - 17:46 | 5629918 falak pema
falak pema's picture

drown your sorrows; when you don't row your boat coast to coast.

Tue, 01/06/2015 - 21:41 | 5630869 northern vigor
northern vigor's picture

History shows that when taxmen show up, if you don't have a bit of silver for them, you get jackbooted off your property.

 

Tue, 01/06/2015 - 22:57 | 5631060 IrritableBowels
IrritableBowels's picture

What if we gave the taxmen lead, instead?

Wed, 01/07/2015 - 00:49 | 5631329 disabledvet
disabledvet's picture

What about the horse there cowboy!

 

Ye  olde  hold 'em up at the train station!

Tue, 01/06/2015 - 17:13 | 5629714 BurningFuld
BurningFuld's picture

Riddle me this. Why wouldn't Russia dump the Ruble and just use Gold as a currency? Whenever you get a USD or Euro for your oil..JUST FUCKING BUY GOLD!!!  WTF Vlad!

Tue, 01/06/2015 - 17:18 | 5629755 whotookmyalias
whotookmyalias's picture

I don't have an answer but another question. What makes you think such insignificant things as countries or governments have any ability to influence their own destiny?  Threat of war is the only thing that truly matters and by not taking action, Russia is giving you the answer.

Tue, 01/06/2015 - 17:19 | 5629761 whotookmyalias
whotookmyalias's picture

Oh, shit, I may have answered the question after all.

Tue, 01/06/2015 - 17:20 | 5629762 pods
pods's picture

Gresham's law.

Gold would have a velocity rougly equal to the chances of a Twinkie surviving on the set of My 600 lb Life.

pods

Tue, 01/06/2015 - 17:29 | 5629808 Ghordius
Ghordius's picture

+1 in the current monetary conditions, it would literally vanish instead of circulating

fact: gold coins have to be slightly overvalued (with an entity paying the higher nominal price instead of the lower metal value) in order to be used in competition with fiat currencies

a 50$ gold coin? metal value slightly less then that: you use it for payments. metal value more then that: you keep it, or even melt it

Wed, 01/07/2015 - 00:54 | 5631339 disabledvet
disabledvet's picture

That's why you can't use gold as a currency.

 

There isn't any!

 

Only Governments have the power...and it takes an enormous amount of power..to back their money with gold.

 

So "control p" it is and "que surprise when the riots break out.". If only the rioters were hoarders instead of breaking everything....

Tue, 01/06/2015 - 17:23 | 5629782 Alberich
Alberich's picture

Russia-China going to gold would be a nuclear attack: the damage would hardly be limited to the Anglo-American economy. Even a few lousy sanctions are killing the EU. BRICS need to improve their economic connections to survive a western fiat collapse -- which they have been doing at breakneck speed.

Tue, 01/06/2015 - 17:33 | 5629829 Ghordius
Ghordius's picture

"Even a few lousy sanctions are killing the EU"

how can those sanctions hurt the EU more then Russia? Trade is a bilateral thing

Tue, 01/06/2015 - 17:39 | 5629845 piratepiet
piratepiet's picture

yes but I guess the terms of trade are often tilted towards the more powerful party.

btw a question Ghordius : that new ECB building, is there some symbolism in the two tower "skeleton" ? 

Thx

Tue, 01/06/2015 - 17:57 | 5629981 SAT 800
SAT 800's picture

Watch and learn, Euro Freak. The Euro was a crappy scheme by a French Socialist and a Belgian Socialist to keep the D-mark from constantly embarrassing the serial devaluing French Franc; but it can't work the way it's set up. The EUMU is like a watch built by a six year old with a couple of wheels missing.

Tue, 01/06/2015 - 18:14 | 5630048 walküre
walküre's picture

1. Germany needs to get rid of Merkel

2. The EU needs to grow up and stop listening to the US

3. EU and Russia would be a match made in heaven and the whole world knows it too

4. Give the Club Med a chance to rebuild their economies with a two tier Euro

Tue, 01/06/2015 - 18:24 | 5630091 SAT 800
SAT 800's picture

Klares Ja ! 

Tue, 01/06/2015 - 18:51 | 5630252 NubianSundance
NubianSundance's picture

Well put!

Tue, 01/06/2015 - 19:25 | 5630352 Bioscale
Bioscale's picture

EU is never going to grow up. It's like expecting the Wallstreet or Pentagon to grow up.

EU will break. Nations will demand to give up EU. Not all of them, but many will. And then EU agrees or goes to war.

Tue, 01/06/2015 - 20:10 | 5630513 assistedliving
assistedliving's picture

1.  Germany, Europe and USSA need Merkel

2.  Eu needs to grow.

3.  Germany tried twice already.  Russia wudnt hv it

4.  Two tier Euro is a tierrable idea (cudnt help myself) and

a tier or two short on the tears (cant stop...its my PM p/f talking)

Tue, 01/06/2015 - 20:31 | 5630596 walküre
walküre's picture

Russia is making alliances with China and other nations. Simply not true that modern Germany and modern Russia ever tried to work closer together and become political partners. However, I realize there are factions within Germany and Russia who would rather see both engaged in a war again rather than forming a true economic and political European powerhouse.

The US and USD are killing the world slowly and softly. It's the American approach. They fuck us over the barrel and expect us to smile. The entire world knows it and tries to keep America out of its backyard.

Wed, 01/07/2015 - 09:10 | 5631924 assistedliving
assistedliving's picture

Modern former PM Schroder is on the board of Rosneft which is pretty close working

of course russia is making alliances worldwide and should.  they need new customers to turn the gas off

agree about the USD but please allow us.  No one in euro carries their own weight.  i mean they attack Libya

and hv no ammo, re-fueling, intel let alone a decent counterbalance to the neoconamania running unchecked

over here...and therein lies the problem but we're working on it.  Truth be told I'd keep Americans out of my

backyard.  Once we're out of ours and in yours we're a bull in a china shop

 

Tue, 01/06/2015 - 20:36 | 5630600 noben
noben's picture

+82,500,000 points from the 82,500,000 Germans who would benefit from Merkel being gone, and

- 152,256 points from the 152,256 Germans who benefit from her fatuous, crony US-subservience

http://www.worldometers.info/world-population/germany-population/

Tue, 01/06/2015 - 17:50 | 5629936 Winston Churchill
Winston Churchill's picture

Gold is the only money in wartime, for use on overseas suppliers who will not take fiat in

a war.Would you ?

Tue, 01/06/2015 - 20:04 | 5630428 ArtOfLife
ArtOfLife's picture

Riddle me this, who in their right mind, wants to buy their shitty Ruble? 

Jim Rogers! http://finance.yahoo.com/video/hold-silver-gold-buy-ruble-144413628.html 

Tue, 01/06/2015 - 17:14 | 5629717 ebworthen
ebworthen's picture

Love the graphic montage.

There's a rumbly in the tumbly.

Tue, 01/06/2015 - 17:13 | 5629721 LibertyBear
LibertyBear's picture

I read the Hindenberg Omen was created when there were no ETF's and this could skew their effectiviness. Probably explains why I've seen 10 of them the past few months.

Tue, 01/06/2015 - 17:15 | 5629725 IridiumRebel
IridiumRebel's picture

Paging Mr Yellen....

Tue, 01/06/2015 - 17:21 | 5629767 pods
pods's picture

I'm sorry but that just doesn't get old!

pods

Tue, 01/06/2015 - 17:18 | 5629740 Tsar Pointless
Tsar Pointless's picture

S&P 2000 was saved, though, for another day. I think tomorrow we get some happy-happy, joy-joy tonguing of the markets by someone Fed-related. Then, it's S&P 2250, here we come!

Oil, schmoil!

Tue, 01/06/2015 - 17:53 | 5629951 walküre
walküre's picture

if they keep the shit show going until Q3 this year, I'm good with that.

liquidation and converting takes some more time.

Tue, 01/06/2015 - 17:17 | 5629745 dumbStruck
dumbStruck's picture

Precious metals have a ready to launch look and feel about them. Just maybe the next long term up leg is nearing.

Tue, 01/06/2015 - 17:28 | 5629800 Alberich
Alberich's picture

Miners spiked big today, GDXJ +6.5%, so this opinion is clearly becoming more popular...

Tue, 01/06/2015 - 19:30 | 5630385 MrButtoMcFarty
MrButtoMcFarty's picture

XAU/XAG have been in an uptrend all week.

I expect us to return to the regularly scheduled XPM monkeyhammering as soon as the Banksters recover from their holiday cocaine hangovers.

 

Tue, 01/06/2015 - 17:20 | 5629763 buzzsaw99
buzzsaw99's picture

bonds, um, bitchez

Tue, 01/06/2015 - 17:21 | 5629775 Squid Viscous
Squid Viscous's picture

my 11 month old boy looks just like the Etrade baby... not sure what to make of it,

Tue, 01/06/2015 - 17:27 | 5629794 Bastiat
Bastiat's picture

Don't get him a tablet!

Tue, 01/06/2015 - 21:15 | 5630768 silentsock
silentsock's picture

LOL!!!!

Tue, 01/06/2015 - 17:21 | 5629780 JenkinsLane
JenkinsLane's picture

Dude, where's my Bullard?

Tue, 01/06/2015 - 17:29 | 5629810 PAWNMAN
PAWNMAN's picture

It will be classic when Yellen  tries to justify firing up another round of QE after that rigged 5% GDP print in Q3.

Tue, 01/06/2015 - 17:51 | 5629941 2muchtax
2muchtax's picture

Funny..."justify"

Tue, 01/06/2015 - 17:29 | 5629816 nakki
nakki's picture

Worst start ever and all we got was a lousy 5% break. Big deal wake me up when the S&P is trading 1650.

Tue, 01/06/2015 - 17:31 | 5629819 BullyDog
BullyDog's picture

Bill hicks summed it up nicely.   It's just a ride.

 

https://www.youtube.com/watch?v=iMUiwTubYu0

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