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"Not Off The Lows" - Stocks Slammed, Bonds Bid, & Copper Clubbed
Author's impression of today's copper, stock, and oil markets...
Trannies continue to tumble and even Small Cap exuberance faded...
From Friday's exuberant close, stocks are weak...
Post-FOMC, Trannies remain notably red...
Financials are the biggest laggard post-FOMC still as Homebuilders soar...
AAPL skidded back below FOMC levels...
Bonds continue to rally post FOMC... long-end yields are back at 7 week lows... First 10Y yield close under 2% since Feb
The Dollar rose very modestly today (after early weakness) but remains lower on the week... Swissy continues to rally this week...
Stocks caught down to credit's less exuberant bounce...
Commodities continue to notably outperform stocks post-FOMC...
As Commodities rose again today (outperforming USD weakness relatively speaking)...
Copper gave back all its spikegasm from yesterday as China opened...
Crude once again spiked early and gave it all back as traders await this evening's API inventory data...
Charts: Bloomberg
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Yessssssssssssssssssssssssssssssss
Buy the Dip you SUCKERS!!!!! HAHAHAHA!!!!
The record gap between rich and poor that we see today comes as no surprise to liberals who have been warning about the dangers of unfettered capitalism for decades. Karl Marx predicted what we are seeing today over a hundred years ago – you’d think people would listen to us. But all we hear is the same ‘free market’ dogma that got us into this mess.
No, MDB, the record gap between rich and poor isn't being caused by free markets but by MANIPULATED markets.
Karl Marx, writing in the mid to late 1800's, could never have imagined the power of the Central Banks of today.
MDB - "unfettered" ???
ROFL....In the immortal words of Princess Leia, "I don't know where you get your delusions, Laser Brain!"
It is very practical, no imperative that the common population not understand the real rules, where the real power lies, how the game is really played, because if they ever do become mass aware - and mass active we that do know would cease to hold our edge over them that do not...
- anon
I think MDB is a social scientist trying to do some experiment. Nobody could be that dumb without an agenda.
How's that marxism working in North Korea?....A little soy sauce in your sawdust soup?
It is awesome to learn that the juicy contract awarded to Dianne Feinstein's husband was an example of unfettered capitalism. It certainly did its part to widen the gap between the rich and the rest of us. Likewise, I'm so pleased to learn that the gold mining deal entered into by Haiti and Hillary Clinton's brother was unfettered capitalism. I never would have guessed.
Apparently Libs have not stopped redefining - and thereby ruining - perfectly good words to advance their agenda. It was bad enough to have a word like gay redefined to mean homosexual, because the latter is such an ugly-sounding word, whereas gay sounds, well, gay - as in merry. Henceforth 'unfettered capitalism' will replace 'insider greed', because we would never want to accuse Feinstein or Rodham of greed, especially that of the insider sort.
Nepotism is out of control at the higher levels of the ruling class. Whether it's the wife of a senator running a multi-million lobbying firm or the dim-bulb brother of Hillary cleaning up on foreign deals. It's the same deal in China or Russia or anywhere that power is concentrated.
All the world is rushing towards a single form of government - a centrally managed security state controlled by a select oligarchy but with the trappings of faux democracy.
I'm making over $7k a month working part time. I kept hearing other people tell me how much money they can make online so I decided to look into it. Well, it was all true and has totally changed my life. This is what I do... www.globe-report.com
OK, the 'Ciffhanger' clip was more exciting than the market action.
I love all the pics that describe the day's action like; "Hold"...and..."Sell All The Things!" LMAO
I liked the desperation in the lady's eyes as she realized she was going to die...she really sold it.
Do you think she got a dead climber bounce at the bottom?
Could be Just one moreeeeee bounce, we will see.
Nah, it will hit lower lows and lowers highs going forward... then the big one will hit Sept/Oct.
With trannies going down, the SEC will be taking a close look.
the bastards probably got 3D monitors ... courtesy of US taxpayer
“Chart of FAS” by Blondie
Once we had QE, and it was a gas
Soon turned out, had a chart of FAS
Seemed like the real thing, only to find
Moss + lichen, Fed & markets entwined
Once we had doves, and they started to shine
Got audaciously long, if you were so inclined
Seemed like the right move, though many declined
Mucho mistrust, jobs falling behind
In between all the endless printing we were feeling fine
Now ‘lift-off’ is confusing, there's no peace of mind
I fear the Fed is losing it, it's just no good, teasing like they do
Once we had Taper, and bears started to mass
Soon turned out, had a chart of FAZ
Seemed like a sure thing, only to find
Even fixed shorts were kicked in the behind
Lost inside deplorable conclusions that they cannot hide
It’s all so darn amusing, can’t get off the schneid:
They caught the hedge funds snoozing, yeah
Yeah, riding highs on doves’ true brutish might
Oo-ooo, Oh Oo-ooo, Oh
Once TLT was such a gas
Now they’re short, such a pain in the ass …
let me guess ... someone got an advance peek at durable goods orders?
of course they got a peak.
heck - us ZHers know better - just look at Lumber, Cooper, Baltic Dry prices and trends.
Then look at yield spreads better Euro sovereigns and Treasuries.
my buck says we peaked on S&P through the Summer.
NoVa
Maybe, just maybe....No, can't be. Can never happen, but maybe.........
Everybody is in full reach-around mode ... 5 trading dayz to go to bonus booking !
Think of it like a game of football. The playerz put up points one quarter at a time .... and the fans get no refunds if they stink and lose the game.
every WTF? on these charts equal 1,000 lil guys taken out and slaughtered.
Club that fucking Copper! I am just waiting for the huge underground copper mine, that a 100's of millions of investment dollars have poured into, to fall on it's face. I know locals here have already been counting the monies the mine will bring to the whole region, but I have a stake in it failing. I told many local business and political leaders here, that copper was a huge bubble, based on an overheated China, and we would never see such a huge, high cost, copper mine make it in the coming market conditions. THEY, of course, called me crazy! So ,yes, I want them to eat shit. Whenever I approach local leaders with sound adivce, I get shit on. I warned our small city council NOT to spend a huge amount of tax money opening up virgin land for new housing developments, with roads, gas, sewer, water, electricity, the lot! This was 2005, the city council was determined that a huge building boom was coming to our small little town. I told them NOT to spend tax payers money. They called me crazy in 2005, and none of them ever admitted I was right, even though a 100 lots all ready for home construction sit growing back into forest!
If a person follows economics based on fundamentals and on the ZH model of economic reporting, your average run of the mill business and civic leaders think you are NUTS if you tell them the true facts about the markets. "No housing bubble they told me", "No copper bubble they told me". I said bullshit!
You're crazy.
You're a booby if you think Jack is crazy. Just sayin.....
I believe The Joker is telling a joke...
That makes me feel better. Thanks.
You're not crazy, problem with people who have been around for awhile and learned the hard way to live within means are dealing with a new mindset.
There are many more of them than us and they rule.
Sometimes it is best just to let them dig their own hole.
I got lambasted in the past for doing what you did. More often I was right in the end, but what good is being right if they continue?
Well, older or more experienced people have a tendency to recognize folly when they see it because they've seen it before. The problem with the young and the moronic old is that they always believe, "This time it's different".
I keep my mouth shut. One, because nobody wants a sour puss like me raining on their parade especially when lots of money (and potential for even more) is involved. Two, if I were honest I get a twinge of schadenfreude when it all falls apart for those greedy over-enthusiastic maths/business-illiterates. I know, it's awful and I shouldn't but I'm only human.
It's bad enough when jumped up local politicians rob the tax payer to spend it on "Worthy causes". Robbing and worse, borrowing to nakedly persue greed and profit is openly criminal behaviour. Every bloody pissant local and national politician should be required by law to learn the story of Davy Crockett and Horatio Bunce by heart. We would never get any of them dipping into the public purse for good reasons or bad again.
presented without comment... http://www.livecharts.co.uk/MarketCharts/silver.php
except - DEATH TO THE MONEYCHANGERS
Stocks slammed? Come on enough Tyler's you're better than that. .6%(12 whole handles) in the S&P is barely a slap. Save the hyperbole for CNBC.
+1
Some of the headlines here are a fucking joke these days. Pathetic really.
The world is a circus.
I went to the supermarket today. Saw that they reduced the price of a can of peas from $0.50 to 2 for $0.99. Did they slam down the price or was it just a modest and nearly imperceptable decline? Help Tyler, I need the answer to this question.
Yes, 300 points or more would be a slam.
now if the market was only at 1000, 100 might be a slam.
"Tuesdays gone in the wind"
OMG WTF copper went up!
OMG WTF copper went down!
OMG WTF copper went up!!
OMG WTF copper went down!!!
Looks normal to me.
Won't be surprised if it goes up and down again.
Where is this drama comming from?
Stocks caught down to credit? I thought stocks always diverged from credit.
Wosrt Tuesday since L.....
Soon to be headline, "Worst Tuesday since Monday"
What a total shitshow.
HEY PEOPLE BOUGHT NON EXISTENT HOMES BECAUSE IT WAS ALL A DATA FUDGE. SEND HOMEBUILDERS HIGHER!!!!
I wouldn't care if I was putting up homes made out of cardboard if I could constantly sell shares of my company for record levels of money. Fuck, building a few hundred million dollars worth of homes that will never sell is actually a winning play since the stock of said companies keeps going up. They can sell stock and make money even if the millions of dollars worth of homes are a complete writeoff.
WAY TO GO FED!!!! You made it possible for everything to nowhere to be profitable.
aaaaannndddd WHAT THE FUCK IS GOING ON WITH OIL.
Oh makes perfect sense. The build was less than expected at the place running out of storage capacity SO LET'S RAMP THE PRICE!!!!! Jesus fucking christ.
The market is an insult to full retard. I mean if I was a full retard I would be offended at the market being called full retard. Yeah I might be retarded, but at least I'm not the stock market.
stuff goes up, stuff goes down.
sometimes it goes waaaaay down, but not just yet...
One or two days shooting, three max, then home. Sure your character dies early in the flick. But hey, you're making the Guild rate for a speaking part. And although the part was short, it was more than dramatic enough to show your licks. It's all good.
Those trannies would stop tumbling so much if they would just start wearing sensible shoes.
Calling an all time high as a temporary top, based on nothing, is just as bad as calling an all time high as a pre-crash top, based on nothing. But safer, since the vast majority of all time highs get left behind as mere local tops.
On the ES we are currently double topping near the market's all time high. Could we roll over here and crash? You betcha'. Will we? It's impossible to know before the fact.
When the bears start kicking the stops out from under bull's support levels, one after another, then we'll know.
The Dow is being stopped by an overhead trendline leading back to May '13.
For a market to cross such a strong trendline in a definitive manner, probabilities say the market must be in strong shape, no big triple digit declines recently, etc.
So, assess conditions and make yer bets.