This page has been archived and commenting is disabled.
Dow Down 1000 Points From Record High, Stocks & Bond Yields Plunging
With liquidity increasingly negligible this morning's chaos in crude has now spilled over into stocks. A triple whammy of disappointing data this morning and re-tumbling crude hopes have sent the S&P down 25 points from overnight highs and will below 2000 in cash. The Dow is now down over 1000 points from its record highs. Treasury yields have given up all the AAPL rate-lock surge and are at new cycle lows.
It seems the machines' ramp into the NYMEX close on Friday destroyed the last best hope of real people playing along...
and Treasuries just rallied back all their rate-lock losses...
Charts:Bloomberg
»
- 8278 reads
- Printer-friendly version
- Send to friend
- advertisements -
Complete Fraud....No markets
Just getting started.
you bet. QE5 much sooner than later.
I want this thing to burn to the ground so badly.
I have a feeling the banksters have a trick or two up their sleeve before it finally collapses.
Bullard will save the bulls tomorrow at 10am.
This is a glaring opprotunity to......BTFD!
Those that don't get in now may be priced out forever!
This advert brought to you by the NAR.
Correct. It's not a Ponzi Scheme. It's a Buy-The-Dip Scheme.
I love this market. Just BTFD. And be sure to tell all your friends and family about it.
last years buy the fucking dippers are this years anal gaping muppets
Never put economists in charge of the economy. You would think a prisoner could run a jail but you would be wrong.
Lulz, just epic. :D
Due to headline, bottom is set. Buy now and ride it to close.
wait for the London pump goin into the last hour of fraud there before we start the "crashing" talk...
just sayin.
Thanks to zerohedge for time stamping the weekly bottom with this gloating article.
It's like Colt 45. 'Works every time!'
LOL,,,,, Sometimes seems that way. Stocks at present 11:30 eastern up 27. I don't much pay attention to the scam anymore...
Crashing you say? Are indices at zero yet?
Thank all the eCONomists in the ivy league schools for the mark to FANTASY "market" you have now.
that is all.
Economics is the balsa wood airplane of sciences. It will fly so it must be real.
I have been a reader for a long time, so I finally decided to get a login and comment here. ZH is probably one of the best financial sites around, and I am now happy to be a part of it, please take it easy on the jelly belly newcomer!
I figured, since the crash is right around the corner, I'd put my .02c in.
Our country is run by cronies, they also have no idea what they are doing, as they scratch and claw their way through the mess that they have made. No way they raise rates, as that would surely tank the economy, so they have one other arrow, and that is QE. They will end up debasing the currency, and cause a crisis of confidence, among other things. I am surprised hyperinflation has not kicked in yet, but I call it the bank carry trade. Eventually, it will happen, a giant flushing sound will be heard around the world, as all economies will follow the US down the drain...what then my friends? All manner of FSA will be on the streets, and it will not be pretty.
I am scared shitless of the consequences of this planned take down of the dollar. Albert Pike wrote an eire letter in 1871, so the likely scenario is WWIII, or many broken windows (Krugman), but more than that, the suffering of humanity in unprecidented ways.
"they also have no idea what they are doing," -- Bullshit, they know exactly what they are doing. learn this, and operate on it as gospel moving forward. They are in fact enriching themselves in order to maintain power and control over real resources, including the human kind. I have spent enough time around some very large VC guys and they really believe themselves to be gods. Unfortunately, the world has in fact seen the outcome of such "let the majority eat cake" monetary experiments. This one is a global experiment and will end the same way. Prepare, and always remember that chance favors the prepared. Just don't be a dick once you are a billionaire, that's been my mantra anyway.
I appreciate the edumacation sir! I am prepared as best I can with limited funds, for the calamity that comes our way, still have much more I could be doing, given the funds.
As to the no idea what they're doing meme, I really did not express myself well, I meant they have no idea the pain they will be inflicting on people, or maybe they do; if so, they are a sadistic bunch of lucifarians!
Guess that QEasy money is finally flushed out of the system. Time for some Yellen speak to pump things up.
9/11 Truth: The NIST “no molten metal” guy posing by steel with unexplained melting (PHOTOS)
Yellin needs to direct Dems to BTFD again, then everything will be OK and we can have another happy ending for the rich privileged class.....and that's all that really matters bottom line.
BTFD won't work this time. Global deflationary pressures are weighing heavily on every stock market in the world. While U.S. market analysts and economists seem to think the U.S. is immune from the obvious pressures being felt by Europe, Russia, Asia, Australia and every other country in the world, they will soon be forced to face the harsh reality that America is not decoupled from the problems of the rest of the world. The Dow is headed down for quite a while I'm afraid.
http://www.globaldeflationnews.com/dow-jones-industrial-averageelliott-w...
The argument between Keynesians and Austerians :
ZH is a paragon of Austrian school logic : the need to clean out the financial swamp without destroying supply and demand; rather curtailing QE and Cb plays which distort the market; reverting to a gold standard etc. etc.
One guy who has always opposed ZH's analysis, especially the reversion to gold hoarding as ultimate hedge against fiat implosion, is this DOOM and GLOOM merchant of 2008 crash who has now turned into inflationist QE advocate.
Here is what he has to say today, as Oil hits the skids and the market faces persistent deflation bigtime :
http://www.marketwatch.com/story/what-the-market-hacks-fail-to-grasp-abo...
Always read zerohedge with the most cynical eye before pressing buy and sell.
10,000 points to go and were back to reality.
Damn! I was just about to post the same comment! Lol!
DavidC
"We're off the highs, soooo come on down and be the next BTFDipper on the Price is Right!"