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Stocks Slammed On Belligerent Merkel, Broken Markets, & Bearish Minutes
Summing today up perfectly...
* * *
Live shot from the #NYSE server room pic.twitter.com/z0OAfJ6bGI
— Zardoz Moot (@Zardoz_Moot) July 8, 2015
Oprah talking to bears now. pic.twitter.com/6nRzfmLj7i
— Fed Porn (@FedPorn) July 8, 2015
Shit Broke...
The Dow and S&P both close back below their 200DMA...
Stocks plunged and eviscerated all of the v-shaped recovery gains from yesterday...
Cash markets remain notably lower post the "OXI" vote...
Post-FOMC Minutes today... Bonds outperform and gold and stocks leaked lower...
VIX surged back above 19.5...
Treasury yields fell post minutes ending near the week's lows so far...
The US Dollar leaked lower all day as early efforts by The SNB to stabilize Europe sent EURUSD higher...
USDJPY plunged by the most in over 2 years...
Commodities were once again very noisy. Copper, Silver, and Gold surged as stocks opened and crude slipped after DOE data...
Crude gave up all of yesterday's "Iran deal is off" gains...
Charts: Bloomberg
Bonus Chart: The 1962-1966 S&P Analog (via @TheChartMeister )
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Bullish!!!!
For Physical Things
RIPS
Funnily enough...
China’s non-financial investment in the EU hit $4.21B in the first 5mo of year, up more than 367% yoy
It all blowed up...
If it ain't broke don't fix it.
- NYSE
If it ain't broke, fix it until it is.
~The Government
If it's broke it is the Government
-taxpayer
I guess the downdraft is so strong it's pulling down gold. I would think every warm body in France, Portugal, Spain would be grabbing the yellow metal as a means of wealth preservation since the value and validity of their currency is now in doubt as well as their future.
I know Germans are big buyers according to the recent stats from the various mints, as are the Asians esp the Chinese.
I suspect folks ARE doing that, only we don't see the fizz aspect, only the paper.
The US Mint, by the way, has sold OUT of silver dollar coins.
http://www.marketwatch.com/story/as-silver-prices-fall-us-mints-silver-b...
Meet the Man Responsible for Today’s NYSE Outage
Interesting the 1962 vs 2011 chart. Apparently the grand JFK tax cuts (1962) had similar effect to equities that QE did. 1962 a more decisively positive move into what was once Capitol investment.
It is easy to forget that OPM is what Greece wants and Germany says "Nein, Genug!"
But y'know what?
The Europrix need Greece.
Greece can be poor without them.
It's great to be tough on them and all.
In the end, they don't have to play.
Germany knows this.
What the PBOC said when it saw the results of its "assistance" in their markets:
https://www.youtube.com/watch?v=0ABGIJwiGBc
What the PBOC said when it saw the results of its "assistance" in their markets:
https://www.youtube.com/watch?v=0ABGIJwiGBc
SP500 closed below 200dma???? That is against The Adjustment Bureau's plan (aka Yellen's lair)
Too many financial crises around the globe...
I'll go ahead and call it: The May highs were it. We have seen the highs for this cycle.
[There; that should cause a monstrous rally...]
SEND IN THE PLUNGE PROTECTION TEAM!!!
The coming Fed interest rate hike should really boost the market....
Gafaw...gafaw...gafaw.....
Whenever I read this I envision a bunch of janitors with plungers.
It's crazy, I know.
They are currently setting up the Puerto Rico play but want it by itself so they can game it profitably. More bleeding.
No finer graduate of Dartmouth ever.
A stock sell off you say?
The graph is wrong. There is no possible way to close below 200dma. Just not possible, I think there is a seasonal adjustment that should have been made.
Hey guys. I just woke up from a coma. So, did Bernanke and Obama save the world? I just know the world must be a great place by now.
Yes, everything is fine. You can return to the coal mine.
And Bernie Sanders is preparing to take over for Barry! He's got legions of adoring supporters. Utopia baby! Here we come!
http://abcnews.go.com/Politics/bernie-sanders-superfans-love/story?id=32278869
God Help Us.
barry. bernie. barney next?
bush??
<<< BEGIN HEADLINE >>>
STUDENTS, DISENFRANCHISED DEMOCRATS GOING FOR
*** SOCIALIST *** BERNIE SANDERS
Vermont *** SOCIALIST *** has worked in the past with the financial class
<<< END HEADLINE >>>
I'm Hillary Clinton and I approve this message!
Go back to sleep. You'll be better off.
But this time isn't different.
Just a small taste of things to come.
im so glad that i liquidated all my worthless Silver and went into the Fraud Markets at their all time highs like my idiotic friend encouraged me to......
yeah, u betcha....PSHYCHE!!!!!!!!!!!!!!!
You still should have, and here's why. 8 years from the 50% collapse in the next year or so it will be back higher than ever! Or maybe this time it really is different. Can it go up forever?
It can if they will contain the damage within the banking sector. But why would the Powers do that?
What is this? Whiskey dick by the Fed???
They have the 'markets' passed out face down ,tied spread eagle to a four poster bed with silk ties and not even 5 minutes of anal into the close?
I'm sooooo disappointed.
BTW, this was not a convincing performance by the PPT today. Starting to wonder if it's getting away from them.
Just a reminder in the above charts of Dow and SP on daily. They both closed below the 200DMA and both daily candles are inside candles. Just an observation.
Oviously, right now they're gett'in a good "candling" for sure...
Somebody will or did today.
"But I poop from there!"
"Not right now you don't!"
and....El Vaquero wins the internets today
Technical analysts were busy preparing a detailed analysis of this important phenomenon . . . then noticed "Janet Yellen speaks" listed at noon on this Friday's 'Economic Calendar', so they ripped it up, then went and made themselves a nice sandwich :)
“Put Spread That Head ‘n’ Shoulders” from “Put Your Head on my Shoulder” by Paul Anka
Put spread that Head ‘n’ Shoulders
Spike up high the ARMS, baby
Won’t get squeezed tonight
Show me that the bulls are through
Push the VIX to 59, dear
Puts can’t miss for once, baby
Adjust our risk up high? Maybe
You and I will make a ton
People say that trading's a game
A game no one can win
If there's a way, we'll find it today
Then algos will their tools will rush in
Put spread that Head ‘n’ Shoulders
Roll it out a year, baby
Headlight’s found the deer
Tell me
Tell me you did ratios too
Now let’s do something bolder
Naked shorts -- no fear, baby
Words I’ll probably hear, baby:
Trading without clothes feels colder
Please!!! Just one more weekend at the Hamptons!!!
I'll change! Really, I will!!!
As for Chinese investors, when US real estate prices start to drop for no apparent reason, you will know that the chink has really hit the fan.
bingo!
I wonder where will the hot money go next? Or is this one of those times where everything has been bubbleized so there is no where else to go??
Have you seen the price of Gold and Silver ??????
The grain markets are the only thing that's dirt cheap. Below the COP like silver and gold.....but wouldn't want that food price going up on all those EBT motherfuckers.
Did we say "BTFD"?
We meant "BTF Precipice" (BTFP)
Skynet got borged
One can sum up today in two words
Bull Shit...
Actually, you could use....GOING DOWN.
Or one word: Toilet
Why do you say that? Are you a Pinko Fascist Commie that supports the status quo? Actually, Yesterday was 'Bull Shit'. Maybe that's what you meant? If so; forgive my chastisement. If not; good luck to you...
AA comes out of the gate .... beats on revenue , misses on earnings
http://www.bloomberg.com/news/articles/2015-07-08/alcoa-profit-misses-estimates-amid-aluminum-slump
Market was down 280 when 133 Liberty had their NYSE feed restored...pretty feeble effort by Kevin Henry & Co.
Tribe creating exit pathways for the members. Global margin call in motion quite possibly.
Possibly? Its coming.
Only in reference to precise timing. I may be in the minority thinking the Fed has been somewhat castrated at least for the time being. Many still seem to expect a spntaneous Bullard or QE4 . . . . . woulda already done that if they could.
Global margin call drops all "assets" to include PMs. Reset likely in motion as well very difficult to project precise outcomes.
sure there are guys and companys and CBs and countries making plays---but most likely today was just a swing (for the fence) and a miss--stuff broke.
"some times a cigar is just a cigar"
+1
I've been waiting for tyler to use this clip
https://youtu.be/KezvwARhBIc
Did you know that's Al Gore's car in the first video? LOL.
Has any stock market every suffered a "technical glitch" during a bullish trading session?
I've been asking for this for some time. If anyone can point me to where I can find market breakage data I'd be happy to compile it.
Nice Beaver
It starts on a Wednesday, the wolf huffs and puffs to blow the whole house down. By this Friday the house of cards should be completely scattered and shredded. imho, Today is a good day to buy some more silver.
Next week the US markets will come roaring back after Yellen eats some "interest rate hike" crow. Of all the places; the US is looking the safest of all, which just buys time till that "house of cards"comes tumbling down. Glad to be in the household of Jesus as opposed to the only other household, that of Satan; as it was written and therefore is true.
If only you were bright enough to know. Metaphorically Jesus is a bear (fighting the status quo). Satan is the essence of the 'Bull'. You have always sided with the status quo and therefore rejected Jesus through and through. That is what 'organized' religion does. It pulls the wool over your eyes and the blind lead the blind falling into the ditch..
I'd be willing to wager zero Zerohedger's willing to put their money where thier mouth is and invest in the NEW Greek toilet paper currency. Willing to risk everything to avoid "austerity", they will find themselves very austere with out any EU interference. Reality finally strikes.
When you go into debt and you realize you're in way over your head, sometimes you aren't gonna get any bailouts and you're going to have to live under a bridge for a few years until you can get your feet back under you.
I'm still relatively young and I believe I will probably have to live through what the greeks are going to face for the next few years....not looking forward to it but the situation is un-unfuckable.
You were waxing eloquent till the last few words.
lmao...the last wordes WERE the most eloquent
doesn't matter if you do Play Time ---the IMF will do it for you---it's a done deed as far as I can tell--
What is a proper word for the situation we're in today?? Un-fuckable pretty much describes it in my book.
French government OFFICIALLY refuses a Grexit option.
Either Greece stays in Eurozone or else Europe has no reason to exist!
Hollande is using his government to push Mutti into a corner. You cannot kick out Greece. You have to negotiate a reasonable hair cut; something that Germany REFUSES in current mindset of Eurogroup.
Is this a last minute tug of war or is France saying GREXIT is not acceptable to France?
If Greece stays in Eurozone then debt reduction is the ONLY ROUTE.
We are in an awesome fight now in the OPEN between France and Germany.
Lets see if this is not just smoke n mirrors! (We should know by this WE).
(We all know that IMF as PRIVILEGED lender is pushing in that direction as is Obama; as IMF will not take a haircut --it never has with its creditors since its inception, not even once! -- so its all up to the lender countries and private sector banks via ECB and ESF etc. back room plays.)
Hahaha... you guys pay, says Lady Lagarde! But don't bring the whole financial world down via Grexit!
Keep in mind that germany's finances are not THAT great.
They NEED the Greeks to pay... or Germany gets it!
Thats what all the stiff arm tactics from Berlin are ACTUALLY
about.
Keep in mind Greek bond interest has been north of 30% (!!!)
for 5 years now. Meanwhile ZIRP prevails elsewhere in the EU.
That means the greeks already paid the debt and ( at least ) another
50% on top of that already... simply to be where they are (!?!).
In the US "zone" interest rates for similar dead beats is
the same as the FED rate... I defy you to find a 30%
discount rate on any US muni's... and theres lots there
where 30% would be on the low side.
Frog Kraut faultline over the Eurozone is worth keeping an eye on.
That's crazy talk. The French and Germans have always been the best of friends.
France knows if the EU allow for one to exit, then France will not have any debt forgiveness...that is why France doesn't want Greece to leave. The EU is between a rock and a hard place, but if Langley Inc wishes to destroy their "allies", then they will. Seems like this is what they are pushing for. Just my opinion and observation. Just thanking God for food, shelter, clothing, a running faucet, flushing toilet, warm shower and His beloved Son.
I thanked Santa, the Easter Bunny and the Tooth fairy for my blessings. ALL are as real as your beloved son.
Langley is the tool of Satan---whom you worship...
France wants French debt haircut---line at the barber shop--
Holland wants to stay in power. If Grexit succeeds, a french Tsipras will soon rise to power. Same with Spain and Italy. Trioka must show these people the consequences of stepping out of line.
Perfect!
I think that I will contemplate this Boorish Media whilst I sit upon the throne having a Barak Movement.
Blythes Master
Amazing the Swiss are willing to sacrifice themselves to prop up a dead and buried currency. Proves there's no safe haven anywhere, only thing to do is place head between knees
So... what did Oprah and the bear have to say about the Greek-Eurozone cluster4<k?
"Therefore, don't be afraid of them, since there is nothing covered that won't be uncovered, and nothing hidden that won't be made known. What I tell you in the dark, speak in the light. What you hear in a whisper, proclaim on the housetops. Don't fear those who kill the body but are not able to kill the soul; rather, fear Him who is able to destroy both soul and body in hell. Aren't two sparrows sold for a penny? Yet not one of them falls to the ground without your Father's consent. But even the hairs of your head have all been counted. Don't be afraid therefore; you are worth more than many sparrows." - Jesus the Christ, the Son of the Living God, who is God.
---------------------------
The FEAR of the LORD is the BEGINNING of knowledge and understanding (i.e. true wisdom).
What is Salvation? in 2 mnutes. https://www.youtube.com/watch?v=NMlv21zGARM
Why would God want us to be afraid of him?
the translation is a little off: it means fear of dissapointing him
Read carefully:
The FEAR of the Lord is the BEGINNING of wisdom.
Note that after one BEGINS to gain WISDOM by FEARING GOD, that LOVE drives out FEAR:
"There is no fear in love. But perfect love drives out fear, because fear has to do with punishment. The one who fears is not made perfect in love." - 1 John 4:18
Forgive him for he knows not of what he speaks. By blindly following the lies of others he falls prey to their cunning. By refusing to 'Know Thyself' he commits the ultimate sin. Merely parroting what Jesus said has no meaning because you reject his teaching with your every waking thought. Ye Hipocrite! The true 'Christian' has rejected 'Christianity' and its conformity to the Staus Quo. The 'Beast' is the corporate state and you fully approve of that...Jesus rejects your Satanic blind obedience...
Swiss middle name is stability---for that they will sacrifice---
Am I dead yet, Doc?
"I've fallen and I can't get up." Someone call those {PPT Alert} guys.
The sequel of Grexit movie, 'Gone Greece', is coming to the cinema near you. Get your popcorns ready.
The people behind the chart action rule the world. Somebody call the police before it is to late.
Get the feeling this is like a "Fireworks show" that is just beginning?
--------------------------------
Thumbs up for YES & thumbs down for NO...thanks for playing!!
<>
BTW here's the Nikkei CFD currently.
Nikkei 225 19,288.00 19,737.64 19,716.00 19,201.00 [ -449.64 -2.28%] 21:16:11
http://www.zerohedge.com/news/2015-07-08/usdjpy-breaks-key-technical-sup...
STOCKS MUST REMAIN HiGH OR ELSE!
:)
So that 'Reversal' yesterday failed? I mean it failed spectacularly. So what say nigtards (I mean brainless Bulltards)? Still waiting to BTFD? Go for it I say; go for it...
That word (nigtards) is offensive (nigtards) on so many levels (nigtards).
The VIX dump yesterday was baffling. Still can't get over that.
Would you like to guess who wrote this, and when he wrote it?
A banking or currency reform plan that does not take into account the constantly daily monetary, financial and banking practices of Wall Street will be ineffective and useless. There conditions constantly prevail that decisively influence the supply and flow of currency and credit, the rates of interest on both time and call loans, the making and calling of bank loans in vast volume, the international ebb and flow of the tides of debt that now measure all values, and the quotation prices of trillions of dollars of listed securities, a total thirty times the value of all annual crops of the soil and eighty times all the money of the United States.
If these forces were moved only by natural causes — "natural supply and demand" — values would be relatively accurate and stable, fluctuations and changes comparatively moderate and harmless, monetary conditions would be sound and financial institutions safe; and Wall Street as a barometer of the nation's prosperity and a "governor" on the financial engine moving the wheels of all American activities would be an accurate and useful indicator and regulator of steady and inestimable value to the entire country and all of its inhabitants. There would be no dangerous extremes and consequently no possibility of panics.
But, unfortunately, in Wall Street everything is artificial. Nothing is natural or logical; therefore the unexpected always is happening. Every effect is the result of a planned and purposeful cause. Whatever is done usually was intended, procured.
If prices soar to the swallows' nests, they were put up there. If they slump to the coal cellar, they were dumped there.
And only the few big inside operators know which will be done on any particular day. Consequently everybody else in the United States who either speculates or invests in "listed" securities is merely gambling blindly, recklessly, without the slightest knowledge or chance of knowledge.
A mere guess as to whether that day the masters of the machine will decide to lift the lever up or push it down. And he will not and cannot know, or have the slightest idea or inkling until after, figuratively, he has dropped his money in the slot, made his bet, heard the whirl of the unseen wheel behind the impenetrable curtain, and the attendant, "the broker” opens the little peek-hole and, as usual, calls out : "You lose ! Try your luck again."
The fact is the putting up or down of the price of a given stock or bond is simple and easy. The shares of the company are limited. It is not like speculating in wheat or corn against every bushel in the world. A large portion of a corporation's shares of stock never change hands, however much the price may fluctuate. The proportion of shares "on the market" usually is relatively small. It is only necessary to organize a syndicate or "pool" with sufficient available means or borrowing power to put up as a margin a sum equal to 10 per cent of the quotation price of whatever shares of that particular stock may be offered. Usually but 10 per cent to 25 per cent of the stock of the smallest or largest corporations or trusts will appear on the market, even if prices are forced far above conceded value. Most holders want steady investments, dividends, not to gamble on stimulated changes in prices. And the manipulators must furnish only 10 per cent of the value of the relatively small amount offered. Another 10 per cent is furnished by the brokers and the balance 80 per cent by the banks, loaned on the securities as collateral. Thus the banks are the chief factor in every stock-market manipulation.
While the great Wall Street insurance companies, controlling in their reserves hundreds of millions of the accumulated savings held for "the widows and orphans," are prohibited by law from investing in stocks, the law does not say that they cannot, to help out their stock-market masters, deposit a hundred million of money in the banks and thus enable such banks during a great market manipulating campaign to loan to inside operators billions of dollars of additional credit to aid them in running the gamble against the public, the living fathers, husbands and brothers of such future "widows and orphans." Whatever the amount, they certainly deposit many billions in the big banks.
Such a dark pool always is formed and operates in absolute secrecy. Often its members do not know the plays to be made from day to day with the common funds for mutual benefit. That is a "blind pool” only the manager, usually one of the pool members, knows the moves made or to be made. A pool of that character has the price of that stock, the welfare of the corporation, its stockholders, officers, employees, and the public absolutely at its mercy, and yet no one outside of the pool itself even can know of that fact. Sometimes it is a long, exhausting, wearing, heartbreaking, strangling struggle. Often it is just a quick, deep stab in the dark, always from behind, and all is over. The guilty never are caught or detected or even suspected, for the stock exchange is created and operates to hide the identity and completely screen the actions of the bandits of high finance.
Very often the different pools manipulating the various stock and bond issues of the many trusts and other corporations quietly put their heads together and cooperate, or conspire. The whole list of price quotations goes up, a "bull" movement, or down, a "bear" movement, according as has been predetermined. The public that owns most of the securities but does not know until too late which way prices are to be put is, of course, always fleeced, the profits going to the insiders. In fact, it is the regular practice of the manipulators to put out hints and "tips" through the daily press and otherwise to cleverly induce the uninformed public always to take the wrong side of the market, and lose. Sometimes dividends are increased and decreased for the purpose of manipulating quotations for the speculative profit of "insiders."
An honest, legitimate trading market for securities would be a useful national blessing. But the Wall Street Monte Carlo, in its practice and results, is the most colossal, crooked and financially dangerous den of gamblers and robbers the world ever has seen or dreamed of.
Quotation prices sometimes are pushed up or down 10 to 50 per cent. The overwhelming consequences of these fluctuations can be realized from the fact that an average fall of but 10 per cent means a total loss to holders of the nearly $30,000,000,000,000,000 of securities amounting to $3,000,000,000,000,000 a sum exceeding all the money in actual circulation in the United States. A few such "swings" each year and the losses will equal eight or nine trillion, the yearly value of all the crops.
In this and other ways "high finance" silently and constantly and irresistibly harvests an ever increasing portion of the fruits of all human toil and effort. Yet the methods and means employed are so secret and mysterious, the victims may not even realize they have been intentionally victimized, and never would suspect the right parties in any event. Indirectly most of the losses fall on the people who never buy stocks at all.
It is "high finance" against people, with the cards always "stacked," the game always "fixed." It is hard for the people to figure out just how it is worked, but a large portion of the prevailing high prices is due to the machinations in one way or another of "high finance." The inflation of the volume of securities out of all proportion to assets, increase in interest rates on billions upon billions of dollars of municipal and corporation bonds and upon the loans of bank credit, are some of the agencies used, the extra burden falling always and only upon the people.
Alfred Owen Crozier, 1912
Excellent book, predicted what the outcome of Jekyll Island's Aldrich plan would be.
Prophetic.
Yes, but this was included in Crozier's book... it was an opinion written by:
George W. Wickersham.
47th United States Attorney General
In office March 4, 1909 – March 4, 1913
WALL STREET STOCK "MARKET."
A "Fixed" Monte Carlo. The Game in Detail Exposed
... and so here we are - 100 years later.
We've got exactly the same situation, except we have computers that do the same shit but a lot faster.