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S&P Futures Tumble 1.5% At Open: ES Down 33, Brent Under $60
The number everyone's been waiting for all afternoon is finally here: moments ago ES opened for trading after the holiday weekend and it's not pretty, down 1.5% to 2035 in early illiquid trading. Expect many wild gyrations especially if China, which is set to open in three hours, is unable to halt its market crash having now thrown everything and the kitchen sink at the relentless selling.
The SNB is already in place, ready to sell CHF and buy every EUR it can get its hands on to avoid another embarrassing incident:
And here is Brent, sliding under $60 for the first time since April:
We hope the NY Fed and its less than arms length Citadel ES spoofing relationship, or at least the SNB, will be up to the task of pushing futures higher as the overnight session progresses to preserve the artificial sense that "all is well" in a world that may never be the same again.
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Everything that's open - is DOWN.
CONTAINED!
There will be a story, before the open, that promises a deal. Futures on the DOW will rise and we will have a up 50 open, even all day, and down 20 at the end of the day. Computers rule the day and nothing we can do about it.
Yes.
Oil looks like it is wants to do a Greg Louganis. That, and I think iron ore will be free by the end of the year.
I was looking at the % down and thinking it was the close still up! Wow - lets play a game "can anyone find an investment moving upwards today?"
(the vix does not count)
The stock market is the enemy of the people, shut it down.
Update: "Off the lows" That is all.
Gold is SOARING on this news - why its up almost $4 - that's .33%! Looks like the lid is finally off and the savages at the bullion banks are finally going to get what's coming to them LOL.
They are working overtime to push gold down...
..but its not working so far.
Gold is a joke. Evidence suggests the only event that'll get Gold moving higher is a fucking Asteriod
slamming into earth leaving 2 stackers and a single gold coin.
Loosen the hat.
But if an asteroid was gonna hit the earth why then would gold be not a joke. You are ignoring the whole fiat,,, currency,,,, debasement,,,,Oh fuck it man. either you are stupid or retarded. Believe me, gold is NOT a joke.
Let me know when you convince all the central bankers of the world that gold is a joke and they should dump their gold reserves in the trash. Until then, you're a fucking inbred idiot
If they continue sellimg naked paper shorts at this rate they may even run out of paper?
disagree, but funny !
"Evidence suggests the only event that'll get Gold moving higher is a fucking Asteriod"
Unless the asteroid has a lot of gold in it, which is possible.
Two times the inverse of an index fund? TLL
Doesn't count since its VIX, but UVXY looks interesting for the day. I learned to not gamble on the stock market back in 2007, since the world will crumble and people will have their 20k DOW hats on. The EU disbands and the EUR skyrockets.
MNKD in my wet dreams
Riot, Greg Louganis, best comment of the day!
A good one - but wasn't he the guy that banged his head on the way down?
is that greg going down on the market or diving. i suppose both apply
Good view of oil's high dive board here:
http://www.investing.com/commodities/crude-oil-advanced-chart
That cat is dead, Erwin.
Will gasoline still be $3/gallon?
Confirmation of last weeks breakaway gap bodes well for NIRP.
Bitcoin is up ... of course, it has its own form of NIRP. It's called "your BTC exchange has turned off its webserver and the admins left no forwarding address", it works sort of like Corzine but for the little guys.
yup gotta keep the kabuki theater open for the last suckers
Lets wait and see....
Yes, and they'll never let oil get below $100!!!
Wait...
Any bets on Au open???
down by close tomorrow... watch and see.
Oh please, the pre-market is fantasy wish-fulfillment. It's the "expected" knee-jerk result, a "gimme" to everyone who thinks they have the market figured out. "Market down 2% in the futures? That makes sense because of GREECE!" Then, when it opens, the unreality begins and we're up 2% by market close.
Well it looks like their "Pavlovian Training Theory" is working on some.
Plunge Protection team is on scene. We will rally to unch by opening tomorrow.
Come on folks. You really think CBs will let this open how it is? Everything already rallying - EUR/USD just retraced 50% of the plunge.
LET THE CORRECTION BEGIN!
S&P -66
DOW -377
After I cash in my TVIX I'm going to have my 76 Buick Skylark detailed
+1. I agree about -350 on DOW, -60 on S&P. Then see Tues what EU can devise as propaganda
The excuse will be that money is moving to the US markets for safety
FTSE futures 2.5% down, Dax futures 3.5% down
It looks like someone finally woke up! Lets see if china can pump a save, or if this is the end at last.
Just a mild panic so far and it'll depend on how convincing the EU's bullshit is when they finally figure out what to say. Their problem is their credibility just took a huge hit right at the water line. If they try to go full storm trooper, the markets are likely to bite them in the ass....
Move the decimal to the right one place, please.
Get to work, Kevin Henry!!!!!!!
SIlver is up a nickel!!!!!!
Wow! Thats more than anything!!!.
I saw what looked like gold being up $3.
Too bad it'll be short lived, as always..
It's just digits in a computer and pixels on a screen till it blows the fukk up anyway. I wouldn't worry about it. It will happen.
It's just digits in a computer and pixels on a screen. It won't matter until it all blows the fuck up anyway. I wouldn't worry about it. It will happen.
In other words: sliver is up a silver.
Nickel is down 5 cents.
Bullard comes on CNBC tomorrow and said he talked to someone about QE last week and DOW ends up 100 tomorrow.
Bill Gross made the call on European interest rates and it was spot on.
Obviously those rates must go higher now to compensate for the "Greek Contagion."
So far that has meant a bid for the Euro...a bitter irony for "Greece" I would think but we shall see.
"Panic buying of Yen" is counter-intuitive.
Rates will continue to move higher in the US...who knows, maybe even the Fed will raise them to a quarter a point this Fall.
This will be a good time to jump into FB and TWTR.
We jew'd some folks.
https://biblicisminstitute.wordpress.com/2014/07/14/are-jews-the-israeli...
The Rothchilds WILL NOT let this fucker collapse this time until there is blood in the streets.
I guess the pressing question is "Whose Blood?"
Someone needs to smash the fuck out of these bankster computers.
Until then, the rig will always be in!
It's all Greek to me.
Calling PPT, Calling PPT, why the F%@k aren't you at your desks
zzzzzzzzzzzzzzzzzzzzz wha......whas that....JIMMY WAKE EVERYONE UP - we're going defcon 1
They're probably still too busy watching porn on their computers.
"And the Computers are watching them watch the porn...
Tyler needs to put up that "look who's lent money to Greece" spider map thingy again. It's more relvant than ever.
Quick!
TO THE BITCOIN-mobile Robin!
(Batman theme music starts playing...
Oil $54.82 and sinking fast. Is this all because of Greece? My advice, Buy orange futures. LOL
mmmmm where are the algos? SUrely they heard "Greece" and "No" - so why aren't they flash crashing as usual?
61% of Greeks voted no. Let the fuckers starve. JMOP http://www.marketwatch.com/story/first-official-projection-says-at-least...
Who would be in charge of starving people to death?
Greek ATM's will be posting a noticed in the morning. Sorry suckers no Soup for you.
(Greek depositor types in PIN number....ATM becomes very angry, rocks back and forth, steam pours forth from metallic hood...10 euro note then spits forth as requested...
the #dax has already rebounded 200 points from Sundays lows
and China A50 futures are already indicating a 500 point rise
Let the motherfucker burn.
You can expect the CBs to be all over this. Armageddon is a notorious no-show. Things will even out by CB action no matter what. They need a "so what, we got this, totally expected" reaction by COB Monday. But I would think USTs will rise, rates drop. Gotta hide the money somewhere.
That e-mini drop was on very little volume. I think many are waiting for a bit more clarity about possible outcomes.
If the recent past is any indicator, we would see a move back up 15 min candle by 15 min candle to about the 2/3 mark on the open drop, with a dump back down happening at opening when the volume shows up.
On the other hand we might get another jawbone stick save by the FED as they have done many times (Aug 17 2006, Oct 18, 2006 just to remember a painful couple).
"We hope the NY Fed and its less than arms length Citadel ES spoofing relationship..."
Live blog it Bernanke!...lol.
About fucking time.
if there were a real market this move might have some significance but we don't have one, so it doesn't have any.
"Everything that is open .... is down .... everything that is closed .... is .... is closed !" Algore
Hope these vix calls bring a smile.
Two institutions covering the fraud tracks.
http://www.fincen.gov/
http://www.fisglobal.com/products
Oh noes.... spaghettios
Doing my part ..going file for bankrupt tomorrow..fuck it , the banks , the system ,now just need to figure how to get the IRS off my ass for 9k ,they already have me listed as UN-collectable...
Me thinks you won't qualify.
Just tell the IRS to fuck off or you will kill yourself.
threaten to kill yourself over 9K clownbux? don't think so.
Nondischargeable debt. Rules are always different for the autocrats in government. You can hire one of those companies to negotiate a possible settlement.
This is one of the many things that make me further despise government and also the stupid idiots who believe government cares.
congratulations on a fresh start, BI. Make the best of it and avoid getting depressed. Good luck with the IRS.
this is the same reaction as last sunday in the future market with the greece crap.
The ''MARKETS'' should be down way more now considering that the vote was no and now we pretty much no what will happen.
there is no more ''hope'' , its over. fuck the bankers
Green yet? You'd think the panic to push up prices would have taken hold by now. The utter humiliation of being wrong about everything, and having a down 200 open on the DOW would be too much for the Central Bankers to handle. They must print more money and buy more stuff, as Peter Schiff predicted.
Everything is awesome!
BTFD!
jumped in last week when it dropped went long 10 /es and bailed befor the juice hit the goose at 9:30 am. made a nice 5k pop. but i feel different tonight. might not get that float up, although its already up 7 off the open and i missed it.
As we watch the relatively predictable Greek debacle we have to wonder what the countermeasures will be. In a rational world it would be straightforward default, liquidation, market clearing and new debt rating for the freeloading Greeks.
We do not live in a rational economic world any more. In fact, all investors are really not wondering about Greek solvency. They are calculating what the international central planners will do. They will therefore move money not rationally but in response to central planners.
My guess is that when the central planners finally fail, and they will, the crash will be many times the disaster of a simple liquidation.
So they voted not to accept something that is no longer being offered anyway. So what would have happened if they voted yes; the Europeans would have said "How nice, here's some money" ?
If the Eurasian Union / AIIB swooped in and bailed out Greece, would that be bullish?
It would piss off the IMF, but what would be the effect of it?
JBTFDYFI.
Very simple.