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Dow Futures Close Down 200; S&P Ends Week Negative Year-To-Date
Without the aid of a VIX safety-wire, this morning's bad news has been unceremoniously sold in US equity futures markets this morning. Having just closed, with The Dow down 200 post-Payrolls, the S&P joins the Dow in the red for 2015...
The Dow has dropped 200 points post-payrolls
Leaving the S&P and Dow closing the week in the red for 2015...
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market over reaction due to holiday illquid environment ?
Now we know the purpose of Jade Helm, to train for the coming social unrest due to economic flame-out.
This will be forgotton by Sunday evening...like the the rise of Christ...so shall spx futures
the house of card got shooked up a little
The big one is on Sept 2015 (just like 2008),
That's the BIG big one. You won't make money if the exchanges never open again. I'm hoping the little big one is this month.
Tylers - just don't show the deer in the headlights. Every time you do, the markets hit new highs.
The Big Crash is close at hand.
Nothing's working for the CBs anymore.
The EU is descending into broken nationalism, The BRIC wall is falling down, Japan can't even keep it up despite massive deficit spending (BOJ buying everything in sight) and no one believes China's economic data is anything other than a complete, fake knockoff.
Yes ... PPT sunday night ramp fest back to unchanged will be magically delicious
Actually this may be the turning point where Bad news is bad news. Recall last month the jobs report showed an addition of ~ 300 k jobs (good news for the economy) and the Dow sold off ~ 360 points. Why? Cause it was viewed as evidence that the Fed would raise interest rates. Good news was viewed as bad news for the market.
So then why did the futures sell off big time? I mean - should not the Dow Futures rip up by 300 points? Perhaps the turning point has happened.
Since Christmas with its weak sales virtually every data point the exception of Jobs reports) has been bad if not downright pathetic. And the market? Up every freaking report.
It will be interesting to see the markets reaction when the dismal Q 1 earnings start to roll in the next several weeks. And the Q 1 GDP ~ April 20th or so. According to the Atlanta Fed Staff - Q 1 GDP growth will be 0.1 %
[/SetCramerOn] If there is follow through on Monday it will be THE BUYING opportunity of a lifetime! ZIRP forever - you can count on it. BTFD! [/SetCramerOff]
And it may be the buying opportunity - SPY Puts or VXX Calls (See Bears can go Long).
To take it a step further on your theory, not only has the reaction to bad news been correctly causing a market drop and hence bad news equals bad news but a study of APPL will also confirm this. For the first time in the history of the stock, bad news in apple is seen as bad news and not a buying opportunity. This is important because Apple is a barometer, the buy on dips does not work, each analyst pump is not making the stock go up and it seems like when it does move up in any meaningful way, the smart money (hedge boys) sell into the upward action. APPL is owned by nearly 50% of all funds and institutions and if their only constant profit machine for returns is falling then at some point its like the game of musical chairs and their could be a rush to get out of APPL. Since APPL is almost the biggest component in the big indexes, this could cause more pushing down of the averages. So the point is, from a fundamental standard, the news is bad, from a trading perspective the big guy stocks are acting bad, imagine what would happen if the king of all speculative markets, the biotechs, start misbehaving. This could get real ugly real fast. If the technical slaves and the fundamental slaves all become negative at once, we may all become slaves to this econcomy, unless of course you are one of the uber 1% who has huge short positions in tact waiting for the collapse. Then the 1% gets richer. See how this works :-) Look out below.
It is a good Friday afterall.
irrelevant. when people see their 401k or yahoo finance pages, they will see green from yesterday. therefore, they can enjoy their weekend in an ignorant bliss.
Very true.
I think that come monday they will be celebrating a "rising from the dead" and it ain't gonna be Jesus.
pods
It figures. Gold would have been up $200 today. By Sunday night all will be forgotten and Gold down $10.
JEZUS!!
It's YEESEZ..
can can see why the tribe would want good friday off. nice work boyz. lulz
No, the only over reaction has been the insane ramp of all of our broken markets. Just take a look at all the start ups that have no revenue with valuations well over 1 Billion. Take a look at the risks banks are taking just to show a profit. And who here believes any of the false data presented by our Govt? And a generation of young people know it is "stupid" to save since interest rates are 0. And without savings how does a Real economy grow. How do banks lend money for real investments. I do not know the timeline, but I sure know how this grade B movie ends. After decades in these markets, I have seen this movie 3 or 4 times.
Rising rates. Check it out. Probably 3 to 4 years here I have been bellowing they will not and cannot raise rates. Forget about it. Rates are NOT going up. And when this ship blows, there will be very few lifeboats. (We have two or three here).
Good weekend to All. See ya Monday. Going to make the "World of Color" show at Disney look tame.
You’re living in the past, man. You’re hung up on some clown from the ’60s, man! [/eric the clown]
No way am I living in the past. I am looking at the facts, not the showmanship. No doubt, the last two + years I have been totally wrong on when this farce ends but it will end. Lets see who gets the last smile.
i'm just saying hard work and honest values are a bit old fashioned. just ipo some pos, get yours, and screw everyone else. it's the new american way!
Ahh yes. We are on the same page. There is a definite change in the values of people these days. Why work when you can live off the government and play with your phone and hang out on a social media website. Luckily when our daughter was 16 she was told to get a job. Worked at Pets Mart for 8 bucks an hour. Will never forget, her first paycheck, she came home and said, "Dad, they did not give me all my pay, they cheated me". I just laughed, and advised all about taxes and SS. Then I thought about it and this 16 year old was right. They did cheat her and still do. Now at 26 she has a decent job and believes in supporting herself, and takes nothing from our broken, corrupt, insolvent govt.
I guess that is all changed now. And you are right. In some ways I am living in the past.
South Park just did an episode on worthless start-ups....must mean it's about over when cartoons are clowning it all.
They also said that when 'The Wolf of Wall Street' came out. "A sure sign of a market top." That was what? Two years ago?
Well perhaps but that was DeCaprio.....never mess with the DeCaprio.
m3 t00
And you will likely see QE 4 before you see a Fed rate hike. What is actually funny is that we already have NIRP here in the states when using a realistic value of inflation.
We simply have not seen a Treasury float going off at NIRP - we will.
Data manipulators threw in the 'correction' when no one can react. Next month will see a XX% increase over March. It's like the old PR adage - give 'em the bad news on Friday.
It's like back when 'since Lehman' was happening, all the banks going under were only disclosed Friday after close.
CNBC.com pulled the "Pre Markets" tab just as the futres were going from -60 to -200. Nothing to see here.
Wall Street Spring. Now it's our turn.
oh the horror... rate cuts are in order.
That unescalated quickly
At least there was some Fed bashing on Faux business channel, post payrolls number -
What a fucking good Friday it is. YOUSEZ would be proud.
Gold would be up $35, now on Mpnday's CRIMEX maybe up
$10, then close at down $8
What geopolitical disaster will it take to price risk into the market:
The Chinese invasion of Yemen?
The Iranian walk away from the 6 Plus 1 talks?
An Israeli multi tactical nuke strike against Iran?
Saudi Aribia invasion of Iran after the conclusion of proxy war in Yemen?
Pakistan outright sale of nukes to Saudi Arabia?
Greek bankruptcy, Greek defection, the revolt and overthrow inside the other PIGS nations?
The HFT self-dealing universe that has zero connection to economic reality or market conditions, guidance, or quarterly results will continue to melt up and or tread water instead to should I dare say mark to market assets in every class of tradable equties/assets…
Wire guided missile into the 9th floor of the NY Fed would be enough. Less radiation than some of the alternatives. But the reptilians probably have a force field around the place. (the last part was humor, I think)
Expect to see a Plunge Protection Team massive Buy Monday morning should there be follow thru! It will make that buy program on Friday morning shortly after the open look like child's play. Watch SPY closely and after it blips up, buy Puts.
I have been trading the Algos lately and you can pull off a quicky 50 % in SPY options in less than 2 minutes - usually you only havea matter of seconds so you must be nimble. :-) And you can go both ways and be BULLISH as well. Just watch for a VWAP Algo to kick in after a Rip or Dip. If you have no job or life for that matter, give it a try. Be sure to have a pee cup handy.
BTW, the Chinese have invaded Africa, but no one seems to care.
yellen's balance sheet is said to be 4.5T - more likely 10T
by EOD Monday it will be 12T to keep this deflationary economy bid
have fun with that yellen
The DOW is like a shitty weather report of economic acid rain every time I look at it. Either way the DOW sucks n' blows at the same time no matter what the outcome. The DOW is a perpetual motion daily reminder that we are being screwed en masse whilst blindfolded with bafflegab n' bullshit propaganda from a MSM that has no clue what the 0.01% are up to. Frankly, I often wonder if others are as contemptuous of the DOW as I have become over the years? As a metric, the DOW does not really explain much other than the degree of fraud the Banksters have subjected us to over time. Not unlike Alan Greenspan, the DOW kind of annoys me in the same manner. Both are corrupt, and both look objectively fraudulent on the surface, and underneath it. In this regard, the DOW always hints at the essence of greed and hubris that Wall Street promulgates through weekly pronouncements of where the DOW is heading. Am I the only one that thinks this way?