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Worst Start To A Year Ever, Stocks Down 5 Days In A Row
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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My sister tells me two Staples went belly-up in Houston ... maybe more to follow in this Robust Rekovery. And the low earl price hasn't even rippled out there yet.
The thing that goes unseen 847 is this: they are popping up like zits on a mcdonalds fed teenagers face here in India.
The collapse in real terms is very anglo-saxon world centered. Makes sense since that is where all the skewed imbalances were skewedest.
The rats are jumping ship but the frogs seem to have found comfort in the water getting hotter ;-)
Hats off to the ny fud for keeping the s&p over "the psychologically important" 2000 mark despite oil falling 4% today.
So far the correlation coefficient between the s&p and oil prices during the drop has been .1
Off course when oil prices begin to rise, that correlation coefficient will then jump to .4 (maybe higher).
Yellen will be working her buy button tomorrow in the face of FOMC minutes.
Central banksters - they really know how to show their value.
at least that is not as corrosive an image as yellen manipulating her own button. wow i need mind bleach for my own thoughts
someone will claim a foreign country is behind the latest market plunge, or?
Worst for some...no doubt. I'm real happy with the way my miners did today. REALLY wished I'd have bought AG last week when I was tempted. Lesson learned: Don't fight the feelin!
I was tempeted to buy Ag at 15 and did ...
at 8 i switched it to 2016 options.
.65 to 1.25 in two days. ..... whooopy doo.
Now if Ag went back to muy purchase price , now that would make ME real happy.
What i am trying to say. buy now!
Slw, Paas are also good slightly safer, better cardboard.
US will become Europe will become Japan.
Fucked.
Let's see if we can try for a Lucky LeGarde 7
she's been quiet lately.. too quiet
IMHO, dead would be just barely quiet enough.
she doesn't die, she sheds her skin and emerges as something or someone different....
You're probably right; but one can hope.
The FED's financial policy is sound, I tell you! They just need to inject a little moar QE...
It's sound, alright; all sound. according to the great and wise, (in their own estimation); they're about tapped out; so expect plenty of jawboning, and after all has been said and done; less will have been done than said.
whats 5 days in the life of a black swan?
Damn; now that's a question. how long is it in Dog Years ?
so, I though the HFT algos were supposed to prevent any real market activity from happening?
The stock market is going to a billionty infinity thousand. Why wouldn't it?
In a manipulated market the plunge is merely an opportunity to make profits when the market is pushed back up.
Eventually it will be as tough as pushing uphill on a razor blade but until then the dissonance will continue.
Six years ago, just as the fat lady on the beach was getting ready to sing, 'Benocchio' Bernanke flushed her out to sea with a rip tide of counterfeit electronically-printed money. And for the next 5-1/2 years the Fed kept the flood of counterfeit electronic money going.
Most people thought the fat lady drowned.
I'm beginnng to think the fat lady has swum back to shore, donned her blue bikini and started gorging on Hostess HoHos to rebuild her strength as she gets ready to sing again.
Maybe this time the Central Bankster cabal is out of tricks. Interest rates are at the zero bound. Negative rates wouldn't work for very long in the US as people converted their electronic money to hard currency. 'Moar' money-printing would risk destroying big swaths of the economy, such as insurance and annuity companies, not to mention the destruction of what remains of the middle class.
So maybe it's time to buy some popcorn and watch the show. It might get real interesting.
Bob....seems like a long time coming if this is finally "it". Seems like we need a massive drop to conclude anything has changed.
I remember we were on Mish's board way back then, talking about "deflation" and "higher rates" and a bunch of other crap that never happened.
True, but no honest person could have predicted the level of deception, dishonesty, and outright fraud that Central Banksters and governments have wreaked upon the world over the last 6 years.
My view is that eventually the sorry state of the world economy will be so evident that no amount of deception and fraud can keep it covered up.
Did Bloomberg.com get hacked? I am geting a DNS failure.
Service Unavailable - DNS failure The server is temporarily unable to service your request. Please try again later. Reference #11.97ff4f17.1420581359.2f0cdb4f
working for me without any dns failure
anyone else getting dns failure at bloomberg.com?
yup
I love it. When Thomas Edison invented the Stock Ticker, which printed out the trades on a paper tape in your office in New York over a wire line; aboiut the second thing that happened was they had a huge day and the "tape got behind". Technology; it never gets better, it just gets weirder.
No one has defaulted. BTFD.
You go first; I'll watch.
Have you been watching me since 1060 on the S&P? Because every central bank around the world is buying us equity futures.
Yes, and therein lies the rub (trying to short stocks).
The William Dudley helps run the BIS too...the CB of CB's.
"In 2012, Mr. Dudley was appointed chairman of the Committee on the Global Financial System of the Bank for International Settlements (BIS). Previously, Mr. Dudley served as chairman of the Committee on Payment and Settlement Systems of the BIS from 2009 to 2012".
http://www.newyorkfed.org/aboutthefed/orgchart/dudley.html
No, but congratulations; I'm alll in favor of people making money on markets. I do it myself; but usually in Futures. I have a problem with Stocks; I don't have any faith in them, and they trade like crazy stuff; so I usually do other things. But I'm willing to short the next S&Ptop if there is one.
OK so then it's right about time for another psychotic Princeton Fed type to 'save the world' once again....got it.
Everytime we get a drop like this some Fed douchebag comes out, verbally fallates the market and the S&P blows its load to new highs. How long before Bullard and/or Janet are down on their knees taking another one for the Goldman/JP Morgan team? I'm getting tired of watching this economic pornography.
I think this situation is going to get serious. Bloomberg may be down due to everyone trying to access to see what is happening in the market. Lot of people out there who have direct or indirect interest in the market, financially I mean.
January Effect
Another trap? As soon as CNBC/Bloomberg put on the bear pundits about how far the market drops is when the CB's buy the futures again to record level.
Most of the market gains in the second half of the year have been caused by big ramps in the most shorted names. It's sure looking like a trap to bring in more shorts.
I took a blue pill. I don't see nuthin.
I took LSD pills; and I see everything; and it don't look pretty.
I suggest you take both the red and blue pills and wash them down with a big glass of potato vodka.
Salut!
Even 2008 started better. Stack more beans.
Looks like Dirty Harry caught some bankster ballsac in his eye.
LOL.
https://www.youtube.com/watch?v=ss0tzJuP6VM&feature=youtu.be
Let's hope this is a trend.
As a stacker, I am certainly happy with the movement of PMs, but I wonder about the 'legs' for this run. I had always imagined PMs heading higher when the US dollar went into the toilet -- but the dollar is not (yet anyway). I imagined PMs would go higher because oil prices would be higher (nope!). I imagined PMs would go higher when inflation was running amok (treasuries do not see any inflation). This almost seems as if we are getting closer to a Lehman moment (at least until a Fed Head speaks) -- and last time that was not very good for gold (or anything else). Is this just short covering, or are the gold shorts being forced to liquidate their positions? Not really sure whether to add more PMs or wait for a pull back. At this point I'll just hold my stack and wait to see what happens.
I think fear is the match that will light the gold fuse, really the U.S. Dollar is totally manipulated now and has no actual value, all paper currencies are pretty worthless. The reset could come anytime. Volatility is a sign of some kind of event coming that will scare the crap out of everyone. Fear is the strongest motive for market moves, gold is the only acceptable answer in a world where paper has reached the end of it's illusory worth.
+10!
LC sez: Keep Stackin'
Keep Packin' (your gat)
I got a feeling we going to see more Black Swans this year and probably bigger than anything we have seen. Those who reject History are doomed to repeat it.
Saw it coming...
Dow
http://www.globaldeflationnews.com/dow-jones-industrial-averageelliott-w...
S&P 500
http://www.globaldeflationnews.com/sp-500-indexelliott-wave-update-for-w...
In about 90 days we're all going to be looking back on this and laughing, oil this cheap is first of all a good thing, and being a good thing it's not going to last. The market declining (and raising yields) while bonds are soaring (and reducing yields) is nutz. I think there is an excellent chance we are seeing historic scale market manipulations here and not even by the fed, although the fed must be aware and could be in cahoots.
If this is true then BTFD babe.
It's deflation!
Exactly, 200 trillion or whatever pumped in to get inflation, what they created was deflation-stagflation though....so now what you big geniuses!
All that's needed is a major international disaster to renew the upward trajectory.
last....nyuk, nyuk
There are knowns and unknowns,. And there are unknown, knowns. There are also the unknowns knowingly knowing the known and doing nothing to stop that which is known to be killing and murdering all over the planet.
People pretend to know, but they act like they do not know, knowing they are knowingly being ignorant still acting like no one else knows that they know.
Everyone knows the ship is sinking, but they do not want to know that and continue the charade knowing they know all the unknowns.
This is presented for edumacational purposes only. Enjoy.:
http://12160.info/profiles/blogs/the-nazi-zionist-connection-shocking-hi...
dog ate
my hindenburgers....
I think 2015 will be the Year of The Tits(TM).
http://photobucket.com/images/sexy%20tits?page=1
The Bulltard bottom awaits...
was expecting to see some (go) tits up
how disappointing, please go with the program of total global economical anihilation, k?
Those tits are not free-swinging.
holy cow, this one from the link!
http://i278.photobucket.com/albums/kk83/Xrainbow_of_shadowsX/261716_1015...
Since nothing in the market makes any sense anymore, I am using Horror-scopes and the Lagarde method to guide me for the new year.
My reading says that some "event" related to "wealth" will happen early Aug around the 2nd
2015 is an "8" year
2015 = 2 + 1 + 5 = 8
Aug is 8th month
The Aug 2 date breaks down as follows
8 / 2 / 2015 = 8 + 2 + 2 + 1 + 5 = 17
17 = 1 + 7 = 8
8 keeps recurring
Here is what "8" means:
The Number Eight
Eight is associated with Uranus; wealth; business; material goods and success. It is largely concerned with cycles and usually points to patterns and repetitive occurrences. Eights are usually powerful, successful people. They're driven and very capable, but they can be power-hungry, workaholics or materialistic.
Remember folks, it does not matter if YOU believe it, what matters is that your RULERS believe it!
https://www.youtube.com/watch?v=QYmViPTndxw
keep the Shmitah in perspective
year of forgiveness, year to let the lands rest, year to live off the harvests from previous 7 years
the squirrels among us are happily resting and stacked to the gilts
it was busy for 7 years and now it needs to be preserved
...or destroyed.
"Remember folks, it does not matter if YOU believe it, what matters is that your RULERS believe it!"
I am speechless with awe.
Overnight Crash.
Such is the size of the derivatives, HFT and other computer trading that this crash could be over in one night. (plaudits to Bill Holter for this today).
Wake up in the morning and it's all over and sunk. Explains the clamour for war and other preparations made by the international terrorist organisation otherwise known as the U.S. government.
Are you referring to this?
http://blog.milesfranklin.com/they-see-it-coming-ready-or-not
Yep, specifically in his reply to comment #7
The current up move in PMs looks a bit contrived, like TPTB are scoping it out. I feel it will drop again for another buying opportunity.
They know something will happen- they put the collar on PMs: but the current upswing is not the one, IMHO.
Is this all just Psyops for the masses who don't pay detailed attention to financial matters?
This pattern is a repeat of last year.
Except for a short massive un-promoted spike down at the start of the year, they drive everything but pms up for the rest of the year into the year end to get good promo all year and massive positive year end promo for the markets and the economy in the MSM.
Meanwhile... except for a short massive un-promoted spike up at the start of the year they drive pms down for the rest of the year and into the year end so pms are seen by those not paying attention as an unimportant has been non alternative waste of time all year, and especially in the year end MSM propaganda blitz.
The new year then rolls around.
They know they can't drive the markets much higher, or pms much lower, without major consequences, so they need to reset things so they can use the same psyops scam for the coming year.
A quick un-promoted, in the MSM, hello prince Harry, cram down of the markets at the start of the year and a spike up on pms, without the MSM hyping the change, so only those paying attention realize there has been a big glitch in direction, sets them up so the MSM can continue to portray, for the coming year, that everything good (markets) is continuing to go up. They can do a few quick cram downs near the end of the year, so they can pretend the markets are rocketing up with a few good spikes near the end of the year for added excitement. Actually at year end they are only back where they started the year even though the impression left by the MSM is the markets have continued up all year. They can then pull the same scam next year with the markets starting at the same place they began the year.
The un-promoted, in the MSM, spike up of pms at the start of the year sets the MSM up so they can flog the story of pms continuing downward for the rest of the coming year while in reality at year end pms also just arrive back where they started the year.
Using this method they can continuously generate the propaganda they badly need about the markets and pms while keeping the actual financial aspects range bound within a safe range.
To make things less obvious they can use the same method over any period they desire.
These are not idiots running the show. The financial system is a political tool intended to keep the masses under control. Money is meaningless to these people as they can print as much as they desire at will. What matters to them is holding onto the reins of power. To keep their tame hired help, such as the bankers motivated, those who actually decide what is going to happen can feed them inside information about when the moves up and down will take place so their hired help can churn away and gorge on the resulting easy pickings.
What do you think? Is this likely? I do.
Mr. Market was receiving $85 billion a month in QE3 love in January 2014.
Where is the picture of the three low cut women to start the new year off with.
Oil will stabilize when the shale projects get shelved probably around $40-$45.
Stocks will rebound and resume their upward climb.
Bonds will sell off huge at first sign of stability in oil markets.
Gold (not that it matters to any real investor) back to below $1100 as intrinsic value drops further on lower production costs.
Man, you got this thing pegged....
Now THAT is the ultimate quote for this place. Havent we all got this thing pegged?
Peg On
Arm a peg on. Doom!
I actually like the pin up spaghetti eating photo.
you mean this one?
http://reflectionsinabbq.blogspot.com/2013/11/jackson-pollocks-mother.html
Not to be pessimistic but let's not get ahead of ourselves. The DOW is still overvalued by 15,000 points lmao.
BIGGEST BEAR TRAP EVER
so you are getting leveraged long I presume
As much as I want a SERIOUS correction, I'm guessing they're loading up the shorts to squeeze this sucker higher, higher, higher through the first rate increase to show how the increase is GOOD for the economy. This is what they want, whether they get it is another matter. In the meantime, I'll be hedging with a solid dose of vitamin UPRO, as for the fed, it's the index that matters most.
Recommended viewing is the 'Princes of Yen' video on YouTube, or how to deceive your population with so called independent central banks.
Paper, paper, paper - everybody's in love with paper! If farmers acted like bankers and the Fed, I could come home from the grocery store with a week's worth of groceries in a three-ring binder. Someday, this charade, this malfeasance is going to end...BADLY and I take absolutely no joy in saying that....
Just rotate the charts and all is good.
https://www.youtube.com/watch?v=VRrMu7B1L2I
Bullish! BTFD