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Markets Turmoiled But Crude 'Buying Panic' Lifted Stocks "Off The Lows"
When Retail Sales data hit this morning...
Retail Sales Largest Negative Surprise in Almost 5 Years. Must have been that boost from lower gas prices... pic.twitter.com/FFOIRED80G
— Not Jim Cramer (@Not_Jim_Cramer) January 14, 2015
We felt a great disturbance in the Keynesian Narrative Force, as if millions of voices suddenly cried out in terror, and were suddenly silenced...
Whocouldanode that collapsing oil prices were not unambiguously good for everyone... The day's narrative was set by disappointing retail sales and selling across every sector ensued as Treasury yields hit record lows, copper crashed, and crude oil pushed back to cycle lows...
And then this happened!!
Crude spiked 7% into the OPEX close (on absolutely no fundamental/news catalyst at all)...
But Energy credits pushed back wider to close to record high levels of risk...
Do not look at this chart if you think Energy is fixed...
And that rescued everything "off the lows" - somehow making CNBC comfortable that all is well...
Dow dropped almost 700 points from yesterday's highs
But everything bounced with crude into the close...
And of course the Energy sector ripped (along with Utes!) but financials really ugly...
as the big banks catch down to credit's discomfort...
Year-to-date, stocks remain in the red...
Stocks bounced off the December FOMC level...
USDJPY did its best but stocks took a while to get into the game...
Stocks once again caught down to bonds... but once again tried to escape reality this afternoon...
Treasury yields spiked lower to record lows for 30Y...
The USDollar slipped lower led by JPY but note the USDJPY ramp that lifted stocks...
Gold and Silver flatlined again but copper (crashed) and oil (spiked) were the big movers...
But Copper's crash was epic...
and then there's Blackberry... lifted on Samsung sniffing rumors...
and then there's Nattie!!! WTF
Charts: Bloomberg
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Looked like a lot of rigging went on today. Good job, criminals.
How did we get through the day without an article about BitCoin's crash?
Satoshi just got whacked ANOTHER 20% or so today. Couldn't happen to a nicer troll.
hahahaha..... ahhhh foneystar.... Satoshi loves the cock.
Talking about bitcoin values is like talking about Chuck-E-Cheese increasing the cost of its games to 2 tokens. Somewhat related to real money, but not as much as some people wish. And I learned years ago that wishing extra hard doesnt' make it come true.
Agree. At the end of the day, bitcoins are dependent on electricity and networks. Gold is not.
After the collapse, good luck bartering your bitcoins for food.
Got gas?
Or it's a head fake to wrangle in a few more sheep for the shearing
ZH gave us lots of charts - great for these uncharted waters!
Today's special aboard the S/S Keynes: bankster soufflé. Enjoy.
can anyone imagine 3 months ago reading a headline about oil surging in price, only to read further that this surge still hasnt resulted in a figure over $50. sheesh
Yaz,
Always trade with tight trailing stops..., and see what happens.
Got gas?
Naaaahh. I may have some indigestion as a result of this ride. But I do not have flatuence as of yet.
So the Plunge Protection Team is now buying Oil...That was expected. Do not fret. They will never run out of money. They will just do some creative financing to get MOAR.
Yes by the time that this is all over your Federal Reserve Bank will have bought it ALL (Homes, Oil, Commodities, Factories, ANYTHING OF REAL VALUE.)..they will have BOUGHT YOU, SLAVE.) and the entire transfer of Wealth will be complete.
They can create worthless Fiat while you cannot. It is just a sad truth.
And you will sell them everything, hoping for survival for just another day, hoping that something will change...
...and it will not change until you ACT.
the fed arent the only creators of phoney credit
Tom,
This oil price collapse is worse than 2008 subprime. No Plunge Protection Team or TARP can rescue the coming losses.
Also, all the currency debasement worldwide to offset the losses from cheaper oil revenues.
The world is about to have an oil (Petrodollar) sub-prime-moment.
This divorce will get ugly…….. There are too many (7 billion) dependents on the hands of few banksters.
Good luck collecting it.
They have entire armies at their call and beckon.
The Military Forces are deluded by propaganda into believing that what they do is right.
The masses in the United States have been thoroughly indoctrinated through propaganda that our fine military forces can do no wrong.
They support torture.
They support racism.
They support war.
They support that which is evil.
Maybe there are some domestically that may make a stand. Maybe not.
You are right that it will become ugly.
Global War for limited resources is upon the event horizon.
The Globalist Banksters believe that they can win a Thermonuclear War.
There will be billions dead on a burned out World.
AS TO UNFINISHED BUSINESS...
You did not answer my question last night so I will propose it once again.
As I wrote the average Arab is no less intelligent than the average American. This is, now, the third time which I wrote it.
I do not believe the fabricated data.
Are you a racist?
i would say the average arab zombie is a good sight more stupid than the average american, and they are dumb as fuck.
BTC is in a slow death spiral.
Go ahead and jump Fonestar. Those shares you bought at $500 aint looking so good.
I have a BTC denominated car loan :)
Who underwrote that?
THere are multiple different person to person websites where you can take out BTC loans - my car loan had 137 investors..
Fonestar/Ghoat-Rider/Anal-OG/Bovine-Reuptake-Inhibitor is hating it today.
Poor bastard.
His ass must be killing him.
And where the fuck is the Fonestar Brigade anyway? If gold or silver went down 38% in two days (yes, that is correct), those guys would be going absolutely nuts here.
Paging Exponere Mendaces, CH1, Haole, and countless others to explain BTC's utter collapse. Quite frankly, I'd like an honest explanation on this as I don't follow Bitcoin at all.
What happened to Reggie's Ultracoin? Did he ever get that off the ground
Alas, Reggie had poor timing.
Some of us tried to buy a few puts. God knows who we would have collected from;)
Never happened.
https://bitcoinwisdom.com/ $175.00 usd
Nice catch N/D
Copy the url/ and paste it in your browser. They're blocking Z/H. For obvious reasons.
And rig count is down huge in the past couple of weeks!
And Voila! Volatility.
What's the problem with retail sales? That NotJimCramer guy needs to read something besides ZH. Marketwatch tells me everything I need to know:
Why Retail Sales Aren't That Dismal
http://www.marketwatch.com/story/why-retail-sales-arent-that-dismal-2015...
what a bunch of hooey
i read the NRF statement and census report
the unadjusted number (ex vehicles and parts) for nov/dec was up only 3.5% year over year (did NRF round up? ... hoo the eff knows ... drill down and exclude restaraunts or whatever else might make number look bad?)
the FACTS
Big miss to "expected"
november retail revised DOWN
october retail revised DOWN
I tried explaining to a colleague of mine today that if a family budgets say, $100 per month for gas and only spends $50 of it, they have $50 to spend on other stuff. But they are still only going to spend the same $100 per month. The fact that the price of gas declined didn't give them an EXTRA $50; only the Fed can money appear out of thin air. He looked at me with glazed over eyes; poor thing.
I actually heard commentary today that the "average American" was NOT spending that savings. That would be an awesome trump on the FED/Banker ass demons. Imagine, Americans starting to get the scam environment and switching to paying off debt, i.e. taking their ball and going home. We can hope...
Blackberry will put this market on its shoulders and carry us to the promised land!
We rigged some shit.
https://www.youtube.com/watch?v=3xSV-BO4ILY
you like your shit......you can keep
Some folks rigged some stuff.
Those charts look as ugly as a Walmart shopper's ass crack.
I knew the market would ramp up from the lows at the end of the day. Too phucking predictable. Rinse and Repeat.
A managed slide down so far, just like 1990 japan.
NatGas up 12% in one day?
DOW down 384 to close down 186?
Can you say "volatility"? Sheesh! This wagon has a wobbly wheel or two (or three).
Minor short covering into the natural gas tape. Most energy shorts are up close to 80%+ on their short trades, vol has led to weak Dx and option pricing in most major baskets. So wait a few weeks, reload after a bit, usually after Feb->April window when we see peak energy mania due to 1.) Reserve report updates (and downgrades) and 2.) M&A or recap financings. Since financings will be spartan this year until 2H16, being short to hope of credit events is excessive risking. When most of the corporates have PDNP which will meet the 43/bbl PV10 cutoff, expecting another 20% downside on 80% profits is negative sharpe.
Ngas was mostly 3 guys, one of which started covering out of the early singapore prints around 1 am. These widow moments happen every cycle. Even if their names are not always Brian.
Just watch the term structure of the most grossly leveraged names, as I've been saying since I started posting as (a) Vile Rat. And dont lose the plot.
The next leg in this tale is picking M&A match pairs, and blowtorching them together.
Who are the software developers responsible for producing the programs that have rigged the stock market and spy on billions of humans? Do yourself a favor and jump when the thought arrives. Your consequences are inevitable either way. (I dont condone suicide but The truth shall set You free)
Buncha indian dudes locked away in the GS basement. They dont really know/care what they code. Six months later they are working for Merrill on an EMEA platform...
.dub post
Dual post up. (Note to Yellen)
Inciddentally GAZPROM CEO announced that all gas transit to Europe through Ukraine will be shut down,
and if Europe wants Russian gas they'll have to build a pipeline to Turkey from their side.
That's a kind of major game changer in the EU Russia gas trade.
"Can you say "volatility"? -- please, there is no skim without it!
my oil don't bounce, hmmm. synthetic bounces, ya thats it.
I miss Francis Sawyer.
Are you Francis_Sawyer? I suspect not. You wouldn't have left out the underscore if you were.
Well...... I have a certain connection. First might be last - Last might be first.
Tell that crazy anti-semite we said hi.
Kind of a Johnny One Note,
but one funny Some Bitch;)
and Akak
and Fonzanoon
Akak was an original ZH warrior who fizzled out towards the end. His insight towards the end of his ZH career was similar to T Mosley now.
I miss Tyler.
He is doing fine. I emailed him the other day. He hasn't lost a step.
And we all missed on the abiliity and power of CB's to distort and manipulate the markets. Nobody knows where we are going now.
That's quite a who's who of ZH. slaughterer, Akak, slewie, fonzanoon, Francis, T Mosley. Are they all gone?
:(
If we lose Jack Burton, InTheMix96, CD, and about a dozen more. Sad times will have truly arrived at ZH, as well as the outside world!
We've lost some good folks...
Good or bad, I've learned from them all. ZH as a whole, has enlightened me more than any site out there.
Who would I put in the top 10?
TruthInSunshine for one.
LOL!!! What memories. Someday I will find T Mosley. It shouldn be too hard, his house is made out of PMs.
and slaughterer
slewie the pie-rat
I kinda miss Mathman and all his "It only costs $5 to dig Silver out of the ground" BS.
B9K9
That (divergent)move in the usdx and usd/jpy vs equities and bonds today is probably indicative of some upcoming announcement that has been leaked.
Something doesn't add-up. Maybe the ECB( Draghi/ Nowotny) is going to tapebomb the markets in the middle of the night?
agree...somebody is privy to something, very strange feeling that goes beyond expiration and holiday weekend explanation.
whatever it takes....
How much did that 7% ramp fest cost in oil? Anyone have a guess?
I ask only because today people had something better to do with $10 billion in cash than hand it to the fed for a day.
Reduced Soda Consumption Forces Coca-Cola to Cut Thousands of Jobs http://www.dietdoctor.com/reduced-soda-consumption-forces-coca-cola-to-cut-jobs?utm_source=Diet+Doctor+Newsletter&utm_campaign=b64ba89f56-Test&utm_medium=email&utm_term=0_41db911777-b64ba89f56-463280389
Financial News Media Reporting On Retail Sales So Bad, It’s Laughable
http://wallstreetexaminer.com/2015/01/financial-news-media-reporting-on-retail-sales-so-bad-its-laughable/
Indian wedding season starts tomorrow.
You can get 1929 in oil....
Well copper says its going back in the toilet tank as fittings where it's nice and quiet and cool . To much noise out here in NSA land
So, retail sales are down because oil crashed? I didn't realize that oilmen in ND and Texas gifted enough hookers and blow to effect the numbers. ZH got all the causations wrapped up.
Now we just need to wait for the other shoe to drop, namely next week's late wee into the morning hours naked short gold options.
The only way to know if this bounce is real is to see if Goldman comes out with a bullish oil forecast!
Better way is to find out when Goldman stops leasing tankers to store oil.
Choose your reason -
Options expiration
Draghi leaked some QE news for next week
Goldman covered their shorts
Saudis changed their mind and will cut
The weather!
Draghi leaks more QE news than he leaks diarrhea out of his asshole. And that's a lot.
All US futures bright green
All this fancy talk by vile and yen... Classic rinse and repeat sideline hustler vocab.
I filled up all of my farm diesel tanks today (4,000 gallons) @ 2.00/gallon. I think they are going to goose oil like there is no tomorrow, by spring we'll be knocking either on $ 75-85.00/bbl oil or WWIII will be well underway. I get sick to my stomach watching these fucking riggings every fucking day.
Watching Fallof the 3rd Reich on Dish.....Jesus, if only we could line up the bankers and politicians like the Russians did the Nazi near the end. Millions of sacrificed lives to Hitler and his minions, and the population that bought into the propaganda of how great it all was before the Big Lie became apparent.
The crooks have to get all of their options into the money before Friday.
The Fed went long oil in the spring of '09 and they began selling their positions last summer. They are still in the market, albeit not to the extent they were when they ramped oil's price above $100/b.
Anyone that is rightfully not taking market advice on ZH will be please to know that I'm not going to say I told ya so with my spot on call for a bottom. At least so far
You may search for my associated paradoxical parody review and analysis of the stars and faux market at your liesure.
Never fear based on that previous fictitious assessment you should most likely have additional opportunities because the outcome desired has not been secured yet. How, when or if you will have another optimal opportunity you will each have to determine on your own. I've already provided you with the where, why, who and what is going on. I suppose I could put it all together in just one chart. But why redo it when the answers are already in one. The astrological chart
Does a parody of a psychic analysis of the stars and purely fictitious links to market events still fall under protected free speech? Or have the global outlaws eliminated this as well under the guise of some bs like maintaining the integrity of the marketplace or national security. It's hard to keep up with all the recent calls to control and silence the masses around the globe lately
Sorry Charlie
https://www.youtube.com/watch?v=Rk0xqDcHu04
this may have been noted above but crude spike was probably related to crude option expiration today, burn the shorts.
Could someone please add another chart?
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So who was buying?
Was it the FED backstopping oil now?!
Can we work backwierds on this one and f'gure'r out?
•?•
V-V
Went over to the CNBC website to see what they were saying about the big spike and I think I found the reason - "As of early this afternoon I am now slightly net short" - Gartman