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There's A Spike In New Lows Around The World's Stock Markets

Tyler Durden's picture




 

Via Gavekal Capital blog,

Unsurprisingly, the percent of issues making 65-day new lows is expanding across all geographies. 

1

 

In the developed world, the expected concurrent decline in prices has really only materialized in Europe, however, as stocks in North America and Asia-Pacific have (so far) remained more resilient in aggregate.

 2 3 4

 

While not as pronounced as in their developed market counterparts, emerging markets have not escaped the acceleration in lows–even as price declines in the EMEA and Latin America regions seems to have moved lower independently of the new low variable.

5 6 7 8

 

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Thu, 07/09/2015 - 09:45 | 6289664 Silverhog
Silverhog's picture

What did it cost the Fed for that 245 point green open. 

Thu, 07/09/2015 - 09:50 | 6289690 FreeShitter
FreeShitter's picture

We just borrowed it from some folks; China.

Thu, 07/09/2015 - 09:50 | 6289696 CPL
CPL's picture

Pfff, they are busy robbing their own people now just like everyone else.

Thu, 07/09/2015 - 11:28 | 6290242 KnuckleDragger-X
KnuckleDragger-X's picture

It's not robbery, it's your patriotic duty...prole.....

Thu, 07/09/2015 - 09:50 | 6289691 CPL
CPL's picture

Nothing, they just print it up kike coupons from thin air then tell everyone they owe them 'muny'.

Thu, 07/09/2015 - 10:16 | 6289820 BoPeople
BoPeople's picture

Nothing.

There is no volume. They just program in the price before volume starts.

Thu, 07/09/2015 - 10:32 | 6289898 disabledvet
disabledvet's picture

This might in fact be true.

"Make up the price out of thin air bases on probability theory...and then when the so called orders don't match up simply close the exchange and blame it on a software glitch."

I say again if you in fact do own stocks better get the certificate out of the Bank and into the Homestead here.

That includes large pension funds, etc.

Now that we know the entire exchange can be closed "willy nilly" the entire reset might be to physical paper with the price set at the exchange upon reopen.

Thu, 07/09/2015 - 11:52 | 6290356 Baldrick
Baldrick's picture

and they used one of his best! lol!

Thu, 07/09/2015 - 09:46 | 6289670 Seasmoke
Seasmoke's picture

The swings are getting wider and wider.

Thu, 07/09/2015 - 09:48 | 6289681 mojojojo
mojojojo's picture

https://goo.gl/AgTCFE -  Bernie Sanders isn't going to save America, for that matter, neither is Rand, but I'd take Rand's medicine over Bernie's

Thu, 07/09/2015 - 10:22 | 6289857 mojojojo
mojojojo's picture

I repeat, Bernie is not your saviour!

Thu, 07/09/2015 - 09:50 | 6289695 disabledvet
disabledvet's picture

All non-monetziable debt is priced in stocks not bonds.

If we're all resetting to cash globally and "all at once" then you better have physical possession of the Stock Certifocate saying you own it.

If it's "electronic" then it might simply cease to exist here...as was the case yesterday for four hours...and is still the case in Athens where the market still remains closed and nobody can get ANY money out.

How many "stocks have closed" in China again?

Thu, 07/09/2015 - 10:18 | 6289838 BoPeople
BoPeople's picture

True. Anyone who does not physically hold their stock certificates is not an owner of the stock. They are only a beneficiary of the stock, in trust, and the owner is Cede and Company (which is owned by the banks).

Thu, 07/09/2015 - 10:06 | 6289736 Lady Jessica
Lady Jessica's picture

Note the blue line in the first chart.

Since 2012 the biggest spikes occur at exactly the same interval (looks to be about 6 months) and the magnitude is pretty much identical.

[Looks like the big puke in October 2014 messed things up a bit.  Does that mean it was a "real" puke?]

This most recent spike is just re-establishing the sequence.

Thu, 07/09/2015 - 10:03 | 6289755 Keltner Channel Surf
Keltner Channel Surf's picture

When they hit "all time lows", then it'll be time to buy

Thu, 07/09/2015 - 10:06 | 6289762 SillySalesmanQu...
SillySalesmanQuestion's picture

But, but, everything is green again...(except for Brazil and California)

Thu, 07/09/2015 - 10:11 | 6289793 Glass Seagull
Glass Seagull's picture

 

 

 

It's all due to the unsrupulous short-sellers.

Thu, 07/09/2015 - 10:23 | 6289862 Madcow
Madcow's picture

So long as Gov-Co International can continue to buy financial assets today with "tax revenues from the future" - everything is going to be okay - 

Thu, 07/09/2015 - 10:27 | 6289878 jimfcarroll
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That's because the central banks are concentrating on buying the indexes.

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