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Sell It All - Stocks, Bonds, & The Dollar Are Tumbling
This morning's collapse in the trade balance combined with weak export orders in the survey data suggests the decoupling meme is blowing up. However, it seems investors are losing faith in The Fed as there is broad-based selling in stocks, bonds, and the dollar (with commodities bid). Stocks are now in the red post-FOMC.
Stocks have given up all yesterday's volumeless gains...
and are back in the red post-FOMC...
The Dollar is getting spanked...
and so are bonds...
Charts: Bloomberg
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Perhaps they all just worked out the market is totally fricken rigged?
Correlation is crapitation?
Everytime the dollar dumps, a thousand Indian IT company CFO's cry out in terror...
and the Rupee is swiftly knocked down a few....
Through the outsourcing game, the US now owns India's burgeoning middle class. India is a dollar economy.
How will we pivot out of the dollar crash?
That might be one of the defining stories of the next 3 years....
1/6th of the world's population still paying 18-24% on general loans...think of what a hard-on that give's a usurious mind that also can control the in and out flow of goods and technologies.
Tch, tough spot, we are in. But there are way's out till the last point, like in tennis :-)
Meanwhile, Sequence 14...
https://www.youtube.com/watch?v=gYBO6cJUsFA
Schh ... the ECB naked-shorting the US.
That would be the wisest corse of action...
SELL MORTIMER SELL!!! :D
https://youtu.be/obAoPP1bdIM
the really ironic thing is what do you sell it for, Dollar toilet paper?
you might have time to turn that crap into real assets, but it's getting to be more risky with every passing day.
There is a reason Monopoly is still a very popular game. Now we're just playing on a world-wide scale using countries for game tokens.....
"...totally fricken rigged?"
Then does that mean that these moves are rigged too? I'm so confused!
It means multiple things correlate with the value of the US Dollar...
I'm trying to buy a corp bond for the past 3 hours.....so illiquid
Let me tell you a little story about the last financial collapse. I was trying to sell AAA rated corprate paper for a client that was showing it was "trading"at a premium. Three days later the fucker sold at 80. This happened prior to the start of the crisis. I knew then that something was really fucked up, and started liquidating.
And..... What has usually happened at the start of an unwind is that everything gets sold. Then as it becomes clearer, the low grade, high risk assets get monkey hammered and money starts flowing to higher grade (any port in the storm does nicely) stuff like treasuries.
Moreover, if it becomes suspect that the floor is falling out from under (a la reality broaches sophistry and illusion) then possibly the excess liquidity will make its way into ta dah commodities/real assets.
Golly gosh.
But as our next president is fond of saying "Who the fuck cares anymore" or something of that ilk.
And a bit later I tried to dump the Reserve Treasury Fund (not Reserve Primary)... the lack of legal gates didn't stop them from cockblocking that move, and this was Uncle Sam's "finest", not even Agency Shit. When it hits the fan, all bets are off.
So...all is good I guess? Nothing to look here then.
Ounce.me says the dollar is only down 0.3%. Is that a lot?
Still a long way to collapse to Zero.
Bubble in everything!
Blow your brains out!
It's ugly behind that curtain.
I like to think it's shiny. While the rich and middle class go into highly leveraged debt instruments (that include stocks) to buy a bunch of shit they don't need I spend my hard earned money buying silver coins for a fraction of the price they are worth.
And it is just as ugly in front of that curtain with Yellen squatting there.
Hey silver is hanging onto its gains. Funny.
:)
I heard US Fed govt is up against the Debt Ceiling again, but no will to actually pass legislation.
So maybe my prediction for April 2015 Collapse is still in Play.
Conservatives don't want to do anything to fix Debt Ceiling.
Impasse. This should have an effect on Stocks, Bonds, and Dollar.
McConnell passed legisltion that would permit the president to unilaterally lift the debt ceiling unless Congress mustered a two-thirds majority to stop him.
http://nypost.com/2015/05/04/feckless-feds-slap-times-squares-billboards/
Take them down or lose highway money
he makes a much better model than a president.
as long as the fed doesnt lose faith in itself, or they cant find the keyboard in the basement of mariner eccles, or somebody says you cant ramp up the SP on phantom futures purchases everything will be fine
Oh come on, the US stock indices aren't even down to where they were three DAYS ago! At the beginning of April the Dow was at around 17,700 (just around 17,975 at the moment) and the NASDAQ was at 4,317 (4,421 at the moment).
DavidC
Well, Zerohedge writers have to write sensationalist headlines and blow everything out of proportion. Can't wait to see the headlines when the U.S. goes into a recession, which has happen many times, and they will write nonsense like it's the end of the world. Then when the economy improves write articles about how rigged and silly the "recoverry" is.
Scotty Give me more Printing!
"SELL! SELL!"
"Who to?"
Hey wait a minute. I thought selling was illegal.
selling is fine - just don't exchange whatever you're selling for cash.
Dow Theory seems to agree...
http://www.globaldeflationnews.com/dow-jones-industrial-averageelliott-w...
BTFD. Its software stupid.
Special bonus, the BABA episode of "Breaking Bad" has been moved up to this season.
Just like with boiling water, a watched bubble never pops?
LOL!, "tumbling" to what? wake me when the valuation is zero.
Noticed the tv isn't waiting for next quarters GDP numbers to know they will be negative after this morning zero hedge admission to the fact.
And we stuffed the channels in Q1 and that GDP overhang will now count further in the red against a contracting Q2 GDP. So we now have additional contraction of Q2 GDP not only from current numbers coming in but the overhang of inventory stuffing in Q1 to try to bring Q1 into positive territory.
It is never good to use inventory stuffing to stop a contracting economy as it only makes the situation worse.
Yup.
DavidC
I have never seen so many new cars Hidden away from the showroom in different lots as I have seen in the last month !!!!
Really? Where are these lots and is anyone guarding them?
Its because their buying oil.
But the price of oil is climbing.
Taps for the retail industry and middle class America.
https://www.youtube.com/watch?v=S-Xrlf3taEo
The Jesuits are masterbating.
"... it seems investors are losing faith in The Fed as there is broad-based selling in stocks, bonds, and the dollar (with commodities bid)..."
OR
Did two Chinese war ships just enter the Black Sea. duhn duhn duhn.
Didn't they move the "Plunge Protection Team" to Central time? Within an hour they got this. Green by days end.
All fixed!
QQQ's led the wave down and bounced from its 50 DMA, QQQ volume well above daily avg already, not true of other indices (SPY running light).
Will be interesting to see if QQQs return to and/or breach 50DMA, which might lead SPY toward its 50, but no sign of it yet, thus far everything seems very machine-like and orderly.
Let me guess.......another horrible week and everything made ok on fuckfest friday?
Shits getting old. Normally you only get so many chance to make the break. "Normally" is the problem.
Manipulation at its finest.