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Market Breaks After Fed-Driven Buying Frenzy Turns Into Selling Scramble
Fed officials, "market" participants, and even oil ministers lost grip of reality once again today... only to get jolted back to reality by JOLTS Hires and Revolving Consumer Credit collapse...
On the day, Small Caps dropped as Trannies topped - as it now seems surging oil prices are great for airlines etc... Kocherlakota's dip-and-rip was destroyed by Consumer Credit's collapse...
From last Thursday's cash close, Trannies and Small Caps have given up their gains...
From the Payrolls-plunge, stocks are still holding on to gains...
And as everything fell apart into the close, to complete the farce, this happened.
Euronext advises that due to technical issues, trading in derivatives has been halted.
— Eric Scott Hunsader (@nanexllc) April 7, 2015
* * *
* * *
Treasury yields were mixed on the day (close to close - long-end down 3bps, short-end up 2bps) but tumbled notably in the afternoon...
Stocks caught down to yields...
The Dollar rallied again.. no up over 1% on the week...
Despite dollar strength, gold was stable and copper up as silver slid...
Oil surged on various headlines that were only imbibed with asymmetrical bullishness by the machines...
For the 2nd biggest 2-day surge in over 4 years...
Charts: Bloomberg
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Wat?
Short oil, on the retard rip.
what goes up on hot air must come down. i think milton freedman said that.
I bet ol' Grandpa Yellen is going to have the same maniac smile as Frank when the Fed loses their grip on this thing.
Nothing says "I love you" like a purchase of DIA because DIAMONDS are forever.
That is one hilarious clip, but these "markets" remind us more of Frank Booth from Blue Velvet. Mommy!
Go to safe harbors.
2015 is going to be bad for "risk on", unhedged longs all over the globe, and this dovetails nicely if it occurs in late 2015 with the 2016 Presidential Election Cycle, too.
Average Joes & Jills that went into heavy debt to finance large scale purchased such as houses, etc., couldn't have done so at a worse time with the possible exception of 2005-2007.
This is also why publicly traded corporations are literally throwing all white collar personnel at getting as many M&A deals and bond (aka debt) offerings done as quickly as possible; Fed will have to raise rates a symbolic amount this year to keep narrative of growing economy alive, yet even symbolic hike in fed funds rate is going to turn bond & equity markets upside down given the near zero lower boy date we've been working from for 6 long years (if you know an attorney, accountant or other such type at a publicly traded, well-capitalized company, ask them about the rush to merge, acquire and float bonds).
The last time we were facing macro/global economic (and geopolitical) risks like we now see before us was in the early 1930s.
I just love 'crystal ball' traders, they are great for the account balance.
I'm not a trader.
I can see future events, like Ed Glosser could.
So you are saying I should buy equities especially the social media type because the economy is growing... right? FB, TWTR here I come with my savings!
/sarc
Hindenburg!
Deriviatives market halt, eh? Guess we know where the hydrogen cells are.
Stallone is the best.
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
Derivatives, I look forward to the day when they all blow up. Trying to unwind this mess is going to be epic.
no sweat. the fed will just expose the myth that its balance sheet has some other meaning than a garbage dump for dead securities.
That day, my friend, when the derivatives explode, I am going to party like when I was in my teens. That'll be D Day!
Please, that is bank debt, it will be forgiven, your debt will not.
Whats 2 or 3 times the world GDP in derivatives between friends? Am I right or am I right?
Exactly. The CBs have been colluding on interest rates, they will work together on this as well. It's either that or WWIII in earnest.
same as it ever was.
Have you ever seen the aftermath of a Turf War between two rival gangs?
It is a bloody mess. I will tell you that it is a bloody mess.
Gangs may collude for awhile and respect each other's turf, at times. They will do that when supply is not constrained and demand is high for the product which they market. Hell they may at times even cooperate,especially when there is an existential threat to their business...like Johnny Lawman...
But when times get tough then the gangs will revert to the most heinous crime to protect their turf and their market share.
You only delude yourself if you think that the Central Banksters are any different. They are no different than any other organized crime operation.
And there is no honor amongst the thieves, dude. That old adage is just as true today as it ever was.
It will be a holocaust...unless we rise and stop them before they can pull that trick off.
You are right. It is the same as it ever was and if you choose denial then you will still bear living through or dying because of the consequences.
The chances that the collusion continues are slim to none and as for Slim??? He walked out the door awhile back.
I'm actually waiting for them to create a new 5th layer on top of all (above Gold --> FRNs --> Stawks --> Derivatives)
which will then over the years be put in front of Derivative claims in legal claims etc.
Naturally that 5th layer would need to be another magnitude or two bigger then the one before: think Quadrillions to become the standard unit relating to it.
Water or food or both?
Even several momo sheep and 401k sheep I know are "rebalencing" to cash...
tick tock...
ooohh more cash on the sidelines which means stocks will go even higher when the money comes back into the market.....always spinning
CNBS
There must be more suckers to support the "skim" given the number of criminals currently involved...
the math is what it is. Can't wait to see what happens when the big players start stealing from each other.
... ' start ' stealing ... that funny
i think he mean "start stealing more than now"
No. He means when they reach the point where they have stolen everything worth taking from us and then turn on each other. If they are willing to cut our throats for profit they will be willing to do the same to each other when there is nobody else left.
New norm, move along.....
Do you think Sylvester Stallone is on steroids?
Only as much as the markets are...
Markets = Drago
"If he dies... he dies..."
Tons o' HGH.
as Nelson woud say - "HA ha..."
a complete fucking joke these fraudulent Stawk Markets...
and how did everyone enjoy the sideways trading in the phony paper Gold and Silver markets today????
Gold traded all day in a one dollar range while Silver in 8 cents????????
yeah, uh huh....
I agree Kaiser, the pm manipulations are a joke...TBTB kept a tight lid on them all day. It looks like they try to keep silver below $17 and gold below $1,200...
its obvious...
but as i keep telling the old lady - C O O L!
this gives us the opportunity to stockpile cash which is "TRASH" in order to take more REAL MONEY away from the MoneyChangers in small or large increments having reached a stack level we set as a goal 3 years ago...
always remember, bankers r sociopaths as well as self destructive assholes....
DEATH TO THE MONEYCHANGERS.
Something has changed. I did some stacking Thursday, usually prices fall after I stack, this time not so much.
Stack On
Exactly....just keep stackin'.
from http://jessescrossroadscafe.blogspot.com/
"Gold and silver marked time today, digesting their recent gains. But they are also being held to the 'round numbers' of 1200 and 17. This is perception management.The economic establishment and their Federal Reserve are failing, and badly. They are frightened, but do not know what to do, and so they keep doing the same things, over and over.Their failures are the direct result of intellectual dishonest and systematic injustice. The credibility trap has them bound to policy failures that somewhat ironically will bring them down. They have lied so often that one wonders if they can even understand the truth. They certainly put enough pressure on keeping anyone of note from dissenting against their madness."
You like stacking Silver. Who wants to pay $17?
Want Silver way back of spot?
https://www.youtube.com/watch?v=L9YTgCuNFDM
To refine...
https://www.youtube.com/watch?v=lA_d8rjhrSE
It is easy.
Keep on stacking.
Just hang in there until the un-fed officially announces QE4, won't be long now. For anyone holding out any slim hope that Jack and the boyz will raise rates, well...forget about it.
Then the fun will really begin!
Is this bullish for Silver in the new world? I'm confused.
dont be...NOTHING, they would have u believe, is bullish for Silver....
that's it, boys! go to cash so i can refinance my mortgage at 3%.
this is getting a bit nostalgic.
... Missed it by thaat much.
(sorry about that, Chief)
Please add that picture of HRH Hillary screeching in her green pantsuit and glasses next to Will Farrell
“Dow in Two” by the Pernice Brothers
Sometimes better not to let your cards show
Holding on to longs when you should just let go
FedSpeak causing strange dreams:
Like Munch using Gartman’s face to paint “The Scream”
Push, pull, rally’s gonna stall
Why not take a little if you couldn’t have it all?
Five years of picking up steam
Then reality comes, ruins the Fed’s pipedream
Hey longs, you rocked and rolled
Now a bulls eye hangs on your soul
I wish I knew a sure simple way to convince you
I'd be the king if I could say to you
“Cut the Dow in two, Dow in two”
Two words haunt you like a dream
“Data dependent” puts a flame to the grand scheme
Too late – cards already shown
Holding long positions when you should just let go
Hey longs, you rocked and rolled
Now a bulls eye hangs on your soul
I wish I knew a sure simple way to convince you
Be short as hell before they say to you
"Cut the Dow in two, Dow in two”
Lost more on the Wisconsin tragedy yesterday than I lost today. So I got that goin for me.
you bet on the white kids? wtf? game was fixed from the get-go as they say
We all know (the people with their heads out of the sand) that this is just a slight pull back, don't be fooled by this head fake.
crazy pills again!
Money, it's a crime
Share it fairly but don't take a slice of my pie
Money, so they say
Is the root of all evil today
But if you ask for a raise it's no surprise
That they're giving none away
Kirk used to like Stocks, Bonds, and Funds. But now I like USTs and Cashish moar. Stored... 'safely', or at Bank of Simmons, Sealy & Posturepedic.
Just about every big corp CREO, esp in the O&G industry is predicting serious slowdown and falling stock prices. This is in addition to The "El" [as in El Erian] and the most hated man on zh, Larry Summers [next to corzine and mozillo].
The only 3 Middle Class consumers ain't buying much anymore because they donkeys now ... broke donkeys.
These market systems have become as reliable as the power grid in a third world country.
or D.C.
Trading: It is a game made for idiots.
You can debate as to whether Tyler is still the original or not but was hasn't changed are his/her typos.
Spell check that shit Tyler.
fer gawd's sake , man , spell check your own shit
proof read may work better.
was is a word and it is spelled correctly, too bad it is the wrong word.
But who am I to critique, I'm just as bad as everyone else here.
actually, atrocious grammar/spelling is the ONLY THING that has stayed consistent around here over the years. learn to deal with it or hit the cyber bricks.
Seems the standard pattern that suddenly took hold post Jan continues: indices move in unison in 1st 15m toward and/or from a major daily MA, then go horizontal on zero volume for 4 hours, then algos take over after 3, today the pre-FOMC middle-ground algo (PFMG) won out. Volume and intraday patterns tell you that many daily traders have bowed out, perhaps working a few days per month. Old-timers would say a major top or breakout is in evidence, but worldwide central bank meddling, not just in rates, but in market price micromanagement, has created a reef of cotton candy even sea urchins can't see through.
I halting all financial activity world wide until I get my next check....that's good with you guys right....right?
QUICK, BUY THE DIP!
Bombardier!!
Massive volume on that oil trade. Like to see that...especially if you're short. "Chopping real dick."
We'll see how prices shake out but "perma wars" are not good for demand...of any kind.
Looks like we're gonna have to Holocaust the Jews again...
LBMA CEO Admits The Gold Market Is Rigged By Central Banks
TND Guest Contributor: Dave Kranzler
http://thenewsdoctors.com/?p=463822
Hahaha...that smiling Frank guy is the best.
So when people want to get out of the stock market, the market breaks. Get out while you can...
The April Fools joke that never ends.
Tim Cook says that, “Opposing discrimination takes courage,” and we agree. We call on Mr. Cook to live up to our shared principles by pulling Apple out of Nigeria, Qatar, Saudi Arabia and Iran until they stop their official government policies of jailing and murdering gays and lesbians.
They beter fix it before September 24, 2015 or else....
https://youtu.be/1g0GaGGqzkI
That's what happens when no one is interested in buying aggressively above 208000 ES... we go look for more solid levels... nothing new to see here guys
I want to be Mugatu.
Alright, who was the carbon based jackass that put in a 100 share sell order on eTrade at 2:30 p.m.? Don't they realize that's all it takes to send the algos into panic-sell mode these days.
I read somewhere an old legend that the B of E during WW1 rolled out some gold,said "See!",and then rolled back in the vault.They did this three times.The basic hypothecation of reserves.Derivatives are a way of not putting any skin in the game.
In 2008 there was a massive margin call.It's a big poker game,and ya gotta Ante up.
Seven years on,no change in policies,very few bankers in jail.Madoff confessed,felt safer inside than outside.....
There once was a blogger on Hoocoodanode,CitizenAllenM,who always ended with a fitting postscript, "Someday this war is gonna end",a quote from Robert Duvall in the movie "Apocalypse Now".This is right after he describes the merits of Napalm.
I keep thinking about all the veterans who fought for this country,and how the dead are spinning in their graves at how we have hollowed out this country.
After the '29 Crash,there was basically a promise given (by the Fed,and Wall Street)that this would never be allowed to happen again.Now here we are.
Bring back the Pecora commission.....
How are they coming on the Drachma?
if we only had a lit-pool like Island these days.....