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Turmoiling Markets This Morning
Following yesterday's proof-positive that "everything is awesome," today (and overnight) we find, everything is not so awesome. Following the unleashing of The Warsh on CNBC, markets are starting to turmoil. Crude has erased all its late-day ramp and then some dropping back to a low $47 handle. German Bund yields just hit a new record low (2Y at -25.7bps!). US equity markets have erased all of yesterday's post-open gains, and US Treasury yields are dumping as the Euro surges...
Crude unwind...
Stocks unwind...
EUR pushing higher as US Treasury yields tumble...
As The Bund curve continues to flatten and go increasingly negative...
Charts: Bloomberg
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ALL IS WELL!!!!!!
Churn those accounts bitchez!
Those negative rates are sure a good argument against investing in gold.
Did I say that right?
All is not well at the bakken wellheads. Sweet crude at $33 and sour at $24. Any companies not hedged will be creamed
who ever activated their shorting powers yesterday could have made a killing
When i.c. charts like three, I know this vacation is costing me 3-4 times more than I think...missed ops. :(
"Never, have so many .... talked so much .... to talk down .... a market erection .... with so little succes !" Yogi Bear
STFH. SHORT THE FUCKING HIGH
Warsh is the agent of down? Sent in to make the algo's haywire? Ha, ha. doubt it.
sooo.... i should buy stock then... or... what? i KNOW buying Gold is stupid. (i am not that confused!)
im looking at the futures now, and of course in this rigged fucking ''market'' futures have come off the lows and are slowly creeping towards a pretty flat open.
we all know if yesterday was a -300 pt dow day instead of a plus 300 pt dow day, the ''market'' would open up plus 250 just to erase all of the losses. Of course though when its the other way around, it just opens flat.
As usual, all market moves take place AH/pre-market....full retard.
What is really crazy is that the small intraday moves in oil aren't really that small. You are talking about $.20-.40 moves hundreds of times during the day. More than what crude used to move in a whole year.
A $1 jump in price in seconds is insane.
State department rep:
"It's all Putin's fault!"