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Sell Everything: Dow, Dollar, Bonds, Crude, Copper, & Credibility Down

Tyler Durden's picture




 

Which is the worse reason for authorities to offer on the catalyst of the Flash Crash - a decent-sized Mutual fund puts in a larger-than-average sell order, a one-man-band in London manages to 'spoof' the US equity market into a crash, or the entire farcical market being driven by machines and nothing more... RIGGED!!!!

 

 

Yesterday Trannies loved higher oil prices, today they love lower oil prices...

 

Thanks to overnight hope, cash indices all opened gap up, Nasdaq spiked on Biotech deal then went nowhere, Dow/S&P dropped...

 

Most notable today was the break in Nasdaq vs Dow and S&P that started as the US equity opened...

 

Since Friday, Trannies are the big winners and Dow the relative loser...

 

Energy stocks now well into the red on the week as Financiala and Materials limp lower...

 

Just as an FYI - this whole ramp off the 100DMA was a big stop-run to last week's highs...

 

VIX continues its manic-depressive behavior...

 

Treasury yields rose from pre-open lows leaving 30Y up 6bps since Friday...

 

Rates started to move higher as the USD started to sell off...

 

Commodities were mixed with PMs up (gold above $1200) and crude and copper lower...

 

Copper continues its post-RRR-Cut slump...

 

As Crude dumped into settlement on Yemen headlines, bouncing off yesterday lows...

 

Which reminds us... here is the correlation between the market and crude (intraday) this year...

 

Charts: Bloomberg

 

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Tue, 04/21/2015 - 16:10 | 6015748 NotApplicable
NotApplicable's picture

I hope you're enjoying spamming every thread with your fucking blog, cuz that's all the good it's going to do you.

Tue, 04/21/2015 - 16:11 | 6015749 ZerOhead
ZerOhead's picture

Okay okay we get it. Just buy your stuff during the day...

Tue, 04/21/2015 - 16:17 | 6015780 SheepDog-One
SheepDog-One's picture

Buy all the things....before mid nite.

Tue, 04/21/2015 - 16:23 | 6015814 pods
pods's picture

Walmart couldn't handle the fat Gremlins running around the store after eating samples.

pods

Tue, 04/21/2015 - 16:34 | 6015845 Callz d Ballz
Callz d Ballz's picture

They're all in the chips isle.

Tue, 04/21/2015 - 23:16 | 6017010 golden torch
golden torch's picture

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

Tue, 04/21/2015 - 16:16 | 6015743 Squid Viscous
Squid Viscous's picture

I'm selling Spooz and QQQ, and buying NFLX, call it a flight to safety if you must,

because they are building a deep moat by not owning any content or distribution rights! brilliant! why didn't anyone else think of that?

Tue, 04/21/2015 - 16:21 | 6015799 monopoly
monopoly's picture

NFLX... "a flight to safety". Perfect, just perfect. The epitome of broken markets. lol

Tue, 04/21/2015 - 16:10 | 6015746 walküre
walküre's picture

Everything is toppy.

Cash

Tue, 04/21/2015 - 16:25 | 6015822 lakecity55
lakecity55's picture

Time to rob another likker store. Where's my Obozo mask?

Tue, 04/21/2015 - 16:57 | 6015911 Traderone
Traderone's picture

Has that strategy of going into cash actually worked in the last 5/6 years?

Tue, 04/21/2015 - 18:02 | 6016174 new game
new game's picture

fuck yeh, cash is bishop over the bullshit pile of paper crap...

gold is the king overwatching the pa(u)per chase.

silver is the knight in shinning armor protecting the true king.

chase on...

Tue, 04/21/2015 - 16:11 | 6015752 NotApplicable
NotApplicable's picture

That's probably my favorite Tweet, ever.

Tue, 04/21/2015 - 16:13 | 6015754 ZerOhead
ZerOhead's picture

Rudolf E. Havenstein @RudyHavenstein

If they're arresting people for manipulating the stock market, these 4 need to move somewhere with no US extradition.

Very ballsy comment. Good thing the man wears a cloak of invincibility.

Tue, 04/21/2015 - 16:18 | 6015785 Urban Redneck
Urban Redneck's picture

Was the Oompa Loompa sitting in a booster seat?  Or did they put Volker in a little kid's chair to make the others feel bigger?  

The height difference between those first two in that picture should be like a graph of the US money supply over the last 8 years... Is there nothing those psychos won't manipulate???

Tue, 04/21/2015 - 16:39 | 6015860 Dog Will Hunt
Dog Will Hunt's picture

Reagan et al. had to keep up with that Morning Again in America horse shit.  Volcker knew he was as good as gone.  

Tue, 04/21/2015 - 16:29 | 6015832 Pareto
Pareto's picture

I agree.  And I disagree with Rudolf E. Havenstein. in lumping all 4 together - as if they were all equal.  To say that Paul Volker was responsible to the same degree as Yellen, Bernanke, and Greespan for the complete evisceration of the middle class and blatent capital destrution and dislocation is, in my view, entirely incorrect.  Volker lost his job precisely because of his stewardship in correcting the monetary bat shit crazy malfeasance of Burns and Miller that occurred throughout the 70's.

Tue, 04/21/2015 - 17:06 | 6015953 Being Free
Being Free's picture

I want to agree with you Pareto (re Volker) but really, making distinctions among Fed Heads is just like saying there's a difference between Rebubs and Dems.   So sorry, Volker is as guilty as any of the bastards. 

Tue, 04/21/2015 - 17:50 | 6016114 Pareto
Pareto's picture

Again no.  Volker wes a stewarsd of the currency.  You are wrong in implying some across the board guilt.  Especially since you do not define  what any of them are guilty of - in particular Volker's.

Tue, 04/21/2015 - 16:13 | 6015761 Keltner Channel Surf
Keltner Channel Surf's picture

More abysmal horizontal hell trading days in sm caps & QQQs since Feb than in all of past 4 yrs combined, seems like at least 2-3 per week.

Tue, 04/21/2015 - 16:20 | 6015790 Squid Viscous
Squid Viscous's picture

How about a tune KCS!

"It's like those lazy hazy crazy days of summer" ... or whatever you can channel, pun intended

Tue, 04/21/2015 - 16:21 | 6015797 Keltner Channel Surf
Keltner Channel Surf's picture

According to Black Sabbath, short-sellers tend to be "Paranoid":

Finished with my broker 'cause she couldn't help me with my mind
People think I’m insane because I am shorting all the time

All day long I faded things but they all seemed to hit new highs
Think I'll lose my mind if I don't find something I want to buy

Can you help me bull-ify my brain?    Oh yeah

I need someone to show me the ‘bargain stocks’ that I can't find 
I can’t find the dips that make true happiness, I must be blind

{guitar solo}

Buy a stock and I will sigh and you will laugh and I will cry
Bullishness I cannot feel and ZIRP to me is so unreal

And so as you hear my words telling you which stocks I hate
I tell you to buy the highs, I wish I could but it's too late

Tue, 04/21/2015 - 16:30 | 6015829 Squid Viscous
Squid Viscous's picture

superb,

plus Sabbath- a seminal band - for anyone that knows music  will still be talking about 50 years from now!

Tue, 04/21/2015 - 16:35 | 6015850 Keltner Channel Surf
Keltner Channel Surf's picture

Winding down, got about 2 dozen in process, which would put the total up to ~100, then I'll retire.  Events often ruin the moment, for example I've had Olivia Newton-John's "Please NFLX, Please" ready for awhile, but given all the buying you've done in the Squid IRA, it's risen too much to make the "don't hit $317" line viable.  Perhaps I'll change it to $517, doesn't rhyme as well :)

Tue, 04/21/2015 - 16:38 | 6015858 Squid Viscous
Squid Viscous's picture

LOL, only pussies retire...keep them coming

https://www.youtube.com/watch?v=_V-afAs1gwk

 

Tue, 04/21/2015 - 16:49 | 6015887 Keltner Channel Surf
Keltner Channel Surf's picture

Bought that album when I was in the 4th grade, but for some odd reason my parents seemed to prefer anything on 'Jesus Christ Superstar' to 'War Pigs'

Tue, 04/21/2015 - 17:48 | 6016085 Squid Viscous
Squid Viscous's picture

you were 'metal' at a young age... very impressive!

we were planning to see led zep US tour in 7th grade, then bonzo croaked...

Tue, 04/21/2015 - 18:41 | 6016295 messymerry
messymerry's picture

I play that song in my spin classes at the liberal arts university where I teach. The students effing love it!!!

;-D

Tue, 04/21/2015 - 16:15 | 6015768 i_call_you_my_base
i_call_you_my_base's picture

Good work poking tptb in the eye today, ZH.

Tue, 04/21/2015 - 16:17 | 6015784 stant
stant's picture

Markets are like picking up a dalla thats laying in the street. If you are in cash us dalla just sit back as it rises another 20%

Tue, 04/21/2015 - 16:20 | 6015789 Rainman
Rainman's picture

 I just noticed tomorrow is Earth Day. Who the hell invented that ? Do algos get the day off ?

Tue, 04/21/2015 - 16:20 | 6015796 walküre
walküre's picture

G'd?

Tue, 04/21/2015 - 16:19 | 6015791 Yen Cross
Yen Cross's picture

  FX was bipolar today as well Tyler.

Tue, 04/21/2015 - 16:32 | 6015840 Weaponized Innocense
Weaponized Innocense's picture

Been bouncing a lot since china 100

Tue, 04/21/2015 - 16:20 | 6015794 Exit through th...
Exit through the gift store's picture

Uh oh... Maybe I should dump my pre 1982 pennies now. Then I can Buy the Dip!

Tue, 04/21/2015 - 16:22 | 6015805 lakecity55
lakecity55's picture

Sell, Mortimer! It's the Crash!

Tue, 04/21/2015 - 16:34 | 6015846 Pol Pot's Plant
Pol Pot's Plant's picture

What a farce!

Tue, 04/21/2015 - 16:35 | 6015851 Weaponized Innocense
Weaponized Innocense's picture

I have been buying into this lack of credibility........ Lol

Tue, 04/21/2015 - 16:36 | 6015855 disabledvet
disabledvet's picture

I WANT SHARKS WITH FRIGGIN LASER BEAMS ON THEIR HEADS!

 

WHAT DO I PAY YOU PEOPLE FOR?

Tue, 04/21/2015 - 16:58 | 6015906 ebworthen
ebworthen's picture

This won't change until the sheep recognize the wolves.

Closing up my bill at an Irish pub this afternoon and the manager and I start chatting about currencies as they round up or round down on a bill so they don't "have to deal with" coins.  He thought it would be a good idea to get rid of paper and coin currency. 

I opined that then they'd have us where they wanted us, which led to informing him of Cyprus bail-ins to which he said "but won't they get paid back?".  I told him "NO" and he was surprised.  I then related it to the bailouts, GM and AIG and others having their debt forgiven - and if they didn't have to pay their debts why should I?

He adamantly stated "They had to do it, if they hadn't bailed out the big guys everything would have collapsed and we all would have had nothing left.  As long as they bail out the big companies and the rich they'll keep spending money and we'll have jobs."

Didn't expect to hear that from a working Man.  That koolaid the MSM serves up must be some powerful stuff.

Tue, 04/21/2015 - 17:07 | 6015956 FreeShitter
FreeShitter's picture

Sheeple like him are already dead from the neck up.....50 years of MSM, psychotropic meds, and the joo tube have all been a success.

Tue, 04/21/2015 - 17:11 | 6015972 BellevueTrader
BellevueTrader's picture

More of the same...yawnnnn. Wake me up when the market breaks and VIX is at 9.

Tue, 04/21/2015 - 17:45 | 6016092 ElixirMixer
ElixirMixer's picture

Blame me for the upswing in the Trannys today. I gave my five-year old son $500 to invest in the stock market and he picked what he knew best... planes, trains, and automobiles.

Before today, I didn't realize that one person could move markets so dramatically. Nice of the CFTC to alert us to this now.

Tue, 04/21/2015 - 17:52 | 6016125 EemieMeanieMinieMoe
EemieMeanieMinieMoe's picture

Sorry boys & girls, it's ALL out of your hands..... https://www.youtube.com/watch?v=rsL6mKxtOlQ

Tue, 04/21/2015 - 17:57 | 6016156 WorkingPawn
WorkingPawn's picture

Its hard to take this article seriously when there are no vomiting unicorns on the front page.

Do NOT follow this link or you will be banned from the site!