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S&P Down 5% From Highs, Dow Drops Almost 700 Points In 27 Hours
Things are escalating... Energy credit markets are pushing back towards record high spreads, copper is pushing back to the overnight lows and gold and silver are flat. US equity markets are the big movers with The Dow down well over 300 points today (and nearly 700 points in the last 27 hours) and the S&P now down almost 5% from its highs. Treasury yields are 8-10bps lower on the day with 30Y yields at record lows and 10Y close.
Rest of the indices are also ugly...
And the machines have a problem as JPY carry has decoupled from risk...
Charts: Bloomberg
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BTFD MUPPETS!
DOW JONES 20K IS RIGHT AROUND THE CORNER!
What a great idea...
/sarc?
The doellar is a figment of your imagination. Unicorn piss is the next currency. Janet Yellen declares it so.
73 point Dow rally, as I type, off this ZH blast
Bi ll Griffiths on CNBC is pogoing like he's deplaning from row 38 and hasn't pee'd in 6 hours
Pavlov knew something about day trading.
NOTHING is more bullish than a ZH bearish post. NOTHING.
ZH is 4 for 4 today. Every ZH bearish post has resulted in a 1% pop.
To whom it may concern...
Can you paper bitchez knock the metals price down one last time before the complete collapse,
lets say silver @ 11 bucks and gold at $750 you know as a last ditch effort for the fiat crew...
Please and thank you.
TD is picking these tradeable bottoms for the last week like a pro.
GS wants talent!
Don't forget to buy on full margin too as all the smart money on CNBC suggests.
James Cramer is the Robin Hood of America. Teaching Main Street how to invest like the walled street in NYC.
Thought of you when I read this and have been watching for you ever since:
http://www.nakedcapitalism.com/2015/01/michael-hudson-war-pensions-us-bu...
You know they gonna get our pensions.
There is absolutely nothing to worry about. Buy the dip. Buy every dip. Buy treasuries, buy Alcoa, buy cigars, just buy, buy, buy.... /sarc
Why is palladium suddenly crashing?
something ado with russia no doubt
Moar rubles!
Nothing is static. Everything is falling apart....
Ever try buying a loaf of bread with palladium?
Grocery store will want phys Ag & Au
I'll be buying new cars with silver and new houses with gold. Growing my own food. You guys ready too? The collapse is at hand.
Thats my point. When it's all over the metal of preference will either be yellow or white. Most won't be able to tell palladium from silver.
No just dealers. They'll be the market for such PM. All PMs will be a great store of value, just keep them safe.
Perhaps. But I dare you to ask your local grocery store checkout girl if she'll take a Silver American Eagle.
It would be an interesting way to get a date :)
Did it last year.
At the regester it was worth one dollar.
;)
It's an industrial metal and things aren't looking too good but i'd buy it as physical it it keeps up because it has a lot of value as a catalyst.
First of all it's not edible
Well, THAT escalated quickly.
We have front row seats for this theatre of mass destruction. The Demolitions Committee of Project Mayhem wrapped the foundation columns of ten buildings with blasting gelatin. In two minutes, primary charges will blow base charges, and those buildings will be reduced to smoldering rubble. I know this because Tyler knows this.
cocaine is bad for you, mkay?
Ramp starting soon. Probably be green by close....
A bunch of options in the way - so they will keep it down for now. Look for green next week before (and maybe after) the ECB meeting.
<--BTFD
<--Short
Not me, I'm just a spectator of the shitshow.
I'm just a singer in a rock and band.....
https://www.youtube.com/watch?feature=player_detailpage&v=5UZWXE76ELU
Exactly, fool me once shame on you...fool me twice shame on me.... play for the third time and you are a fucking idiot. Just making the popcorn. That's all I can afford.
PD
https://www.youtube.com/watch?v=eKgPY1adc0A
Har.
The margin calls here in record leveraged markets must be a bitch right about now....and right when everyone thought they were rich.
Wake me when the vix is 40. Expect fed head pump soon.
Some wishful ZHers are thinking that the Central Banks are going to let the markets slide? Wake me when the Fed Heads talk and Draghi does his dancing -- and after THAT if the markets go down I will beleive it.
S&P 500 headed down as forecasted over the weekend...
http://www.globaldeflationnews.com/sp-500-indexelliott-wave-update-for-w...
Similarly for the DOW
http://www.globaldeflationnews.com/dow-jones-industrial-averageelliott-w...
I mothballed my trading platform over four years ago because things didn't make sense anymore. Just went to the sidelines and moved on to pursue other interests. I fired it up today because I want to see what shenanigans they decide to use to keep this pig aloft for one more day.
bank holiday soon ?
Retail sales just called the Fed a no good sack of shit liars...
And what a fine piece of fiction it is.....
So far this is just the monthly bounce. We won't know how serious it is until it drops through the 200 dma.
The FTSE and southern Europe have BTW.
The DAX & Hang Seng are struggling desperately to remain above it.
I saw tears streaming down Pisani's face. ....
YAWN. I want a 2,000 point crash in 4 days. Damn circut breakers to hell!
They're just taking away the value that didn't really exist in the first place. No biggie.
Follow the leader - bank index BKX - down 3.4% today, no bottom in sight over 2 years, and probably just beginning to discount the oil-default loan loss disaster right out there hiding in plain sight:
http://bigcharts.marketwatch.com/quickchart/quickchart.asp?symb=bkx&insttype=&freq=1&show=&time=9
Crickets ~~~ as usual from the MSM. I gotta turn the blowhorn on a few minutes before the casinos close.
BooYahh Bitchez.
Its ok...the dow jones will just be up 500 points tomorrow...
This is just a game and they have to let the stocks slide to keep people on their feet and distracted...Tomorrow they will come out with some "fake good news" and the stocks will go thru the roof.
(yawn)
But oil is up.......dear lord, they know if oil drops, it will be more dificult to prop up the dow. So, make oil go up today, then make the dow go up tomorrow.
Nah, this will end with a ramp up towards the end of the day. Another head fake by the FED. Rinse and repeat.
I think we are in for a time of bad news as all this oil and gas collapse flows thru the economy...as well with Obamacare and its costs and screwups....add in a black swan and we might have some excitement...bigtime
What the hell is going on? Where the hell is Jack Yellen and the boyz? Out getting a bikini wax? Get her on the red phone stat!
Send out Bulltard! Damn it man, don't just stand there, do something!
MOAR I say MOAR!
Don't BTFD and don't short. Just stand back and wait to see what happens.
Agreed. Market has been slaughtering shorts the last few months - yet it is too early to tell if this is the BIG ONE to the downside. I bet a lot of future job offers and a lot of bundles of fiat are on their way from Wall Street to Washington, DC right now.
unchanged by day's end. Fed isn't done yet.
My guess is it gets to -150, then tanks lower to over -250 before closing.
No shit..!! I know you are probably referring to QE4 (agree that it's coming).
However, until I see PROOF that those fuckfaces at the fed are not directly buying equities, I'm going to choose to believe that they are.
You won't ever see PROOF- they can just as easily give a no interest loan or transfer to some mysterious entity, and the entity wil buy the index futures. You will not see proof, but you WILL know it is happening.
The DOW bounced "to the pip" off the 38.2% fibi retrace of {18k -17,220} move. It did the same thing on January 6TH.
WTF, with usd/jpy? 130+ pip retrace off the Retail sales drop? Desperation much?
they're trending up again. will end down like 50 points.
Seen this shit show many a times.....fed is flushing out the shorts.
I see a lot of shorts being set up to be crucified at the feet of Draghi next week. I wouldn't bet against some type of coordinated Central Bank action next week -- this drop has been TOO QUIET!
I'm still astounded every time I see it. It's so fucking blatant.
The problem is everyone knows the fed will step in with qe4 if there's a 10% drop, so there is never a 10% drop, even though there should be a 50% drop. It's all psychology at this point.
The PPT must have needed an extra hour?
For all the noise, down 1%. lol
Will be up 2% tomorrow.
It's fucking insanity!
Planned and fully anticipated slow descent by the Fed. The plane will now head for a cruising altitude and your seat belt light is on for mild turbulence. But fear not, for no big fall will be allowed, nor even occur, since all the Fed need do is to jawbone the market back up. Doesn't take much. Hint of QE4 IF x doesn't happen, "patience" reverts to "considerable time." the people hearing these words are ready, willing and able to serve at the Fed's slightest command. They have been trained to do so. Do not short this.
.....buy more stawks.