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Dismal Data & "No Deal" Drive Down Dow To Red Close For 2015
More lines crossed...
To clarify, Greece is as close to Grexit as it has ever been and US data is dismal... and stocks are bid, bonds offered, and EUR is being horded.
Futures show the real fun and games in markets today... Futures gapped lower on the Sunday open, then plunged as US liquidity began to arrive (pre-Open) - only to be rescued back miraculously...
Cash indices all opened gap down and tried their best to rally back...but ended slightly lower with a weak close...
Despite their best efforts at a late ramp, The Dow closes red for 2015!
Notably stocks were unable to recover the losses from last week's Greek Deal Rumor levitation...
VIX saw its biggest 2-day surge since January from Thursday's 12.56 lows to 15.57 highs today...
Credit protection costs are also soaring (more than than underlying stocks)
The Dollar fell notably today as early EUR weakness was aggressively bid (by someone) as the US session started (and dismal data suggested delayed rate hikes) but then as Greek Capital Controls news hit, dipped and ripped...
Led by a surge in Swissy...
Treasury Yields dumped early after weak data exaggerated Grexit anxiety bid... but then the 'sellers' arrived...
Commodities were mixed with Gold and Silver well bid at the European close (only to fade) and Crude and copper weak all day (after China stock weakness)
Charts: Bloomberg
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Same as it ever was.
Thanks Uncle PPT.
Worse is to come. Soon people will look at this time period as the good old days. By the way, minority leader Pelosi, double your guards, hire a food taster and don't go out alone at night (like Breitbart did). Signing off.
More Fucking BS.. Same Shit, Different day... AND they ARE Going to raise rates SOON! HAHAHAHAH!!!!
Oh no! Doom! Gloom! We've crashed...back to where we were on the 10th June.
Call me when the Dow is below 17,000 and when NASDAQ breaks 4,400.
DavidC
That could happen by noon at the appointed moment.
Mark E. Smith gets the girl after making his first 10-bagger trade
in this parody of “Bill is Dead” by The Fall
Back three, NFLX was $53
I had crow’s feet under my eyes
Didn’t sleep for days, then it smashed higher
Cheering, jeering, celebrated in a bar
Can’t believe I got her number
These are finest times of my life
This is the greatest trade of my life
This is the greatest time of my life
This is the biggest trade of my life
. . .
But just lately, I’m seeing you
I rise a.m. off pink sheets
I am the dude, I am the envy
of pricks and weenies on Wall St.
Got out Wednesday, as it hit $692
Your legs are so cool
Came twice, you thrice
These are the greatest times of my life
That was the biggest trade of my life
These are the greatest times …
that bugs bunny clip is perfect
hmmm..... Belgium dumps $24B of USTs
http://www.bloomberg.com/news/articles/2015-06-15/china-s-treasury-holdings-rise-for-second-month-as-japan-s-drop
Sorry but the slowdown isn't going anywhere.
Good luck ramming through price increases and making them stick.
Tesla has already doubled the capacity o their battery so so much for the whole battery shortage mularkey.
One day, the dip will be a cliff.
One day the dip will be a cliff.
How come I always hear this song playing in my head at the end of every market close?
And you may find yourself living in a shotgun shack
And you may find yourself in another part of the world
And you may find yourself behind the wheel of a large automobile
And you may find yourself in a beautiful house, with a beautiful wife
And you may ask yourself
Well...How did I get here?
And the days go by...
I fear the Grexit is the canary in the coal mine moment. Watch out for July 2015. Jade Helm ring any bells?