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"Uncontained" Shanghai Shafting Slams Global Stocks & Commodities Silly
We apologize for repetition but if ever there was a need for this clip (as analogy for the complacent confidence that PBoC, ECB, Fed, BoJ, or SNB would save the world no matter what in the face of last night's epic collapse in China and uncontained follow through in Europe and US...)
Fwd to 2:00 and 'enjoy'...
Everything is not awesome and everything is not contained..
In China...
Or Europe...
Or 'Murica...
On the day, US equities staged their standard JPY ignited momo bounce off the 200DMA - running perfectly to VWAP in the S&P, before limping lower...and a mini algo meltup to VWAP at the close... all completely human!!
Cash indices rasmped into the European close then faded to lows...
But Breadth continues to be terrible - 414 New 52-Week Lows is the most since October!!
Futyures show the weakness started in China, accelerated in Europe and extended in US...
The S&P 500 closed red 5 days in a row - the longest such streak since January... And The Dow is the furthest below the 200DMA since the Buillard bounce...
The S&P is gettung very close to negative YTD once again...
Since Greece capitulated and the world celebrated a "fixed" Europe, the exuberance has faded... but gold has been monkey-hammered...
Treasury yields continued to slide... but were magically bid at the US cash open...
The US Dollar dumped but bounced after Europe's close...
PMs outperformed but still closed lower (despite the weaker dollar) as Crude and Copper were clubbed...
WTI Crude just hit a $46 handle...
Don't forget - China opens in 6 hours!!
Charts: Bloomberg
Bonus Chart: Bar Breadther-er...
Weekly (Friday vs. Friday) Breadth is turning as ugly as the daily data pic.twitter.com/DPktmPIMRu
— Not Jim Cramer (@Not_Jim_Cramer) July 27, 2015
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Bang the close for "off the lows".
Wait till they monkey hammer the US market........the crying will be deafening
Paging Mr Bullard... Mr Bullard
America is self hammering.....
So, is the a good time or a bad time to convert my wealth to the worlds new "reserve currency"?
Yes.
Calling Belgium!
That video sums up America.
Notice how the least injured rush to the aid (NOT ! !) of the most injured. This will play out on a massive scale soon where it will be evry mother fucker for him/herself.
I can watch that boat footage all day, when drunks are driving boats on the Lake of the Ozarks in Missouri...
I don't know how I have missed that clip in the past, they are lucky they didn't die, the driver was thrown like a doll.
Makes my day everytime I watch that video! I laugh so much it's unreal!
With the bikini gals in the frame it's tough to do, but watch the driver's throttle hand.
That goofball deserves that knot on his coconut.
What do that boat and the Fed have in common
both have morons who think they know what they are doing at the controls.
While the sheeple passangers are thinking can this thing go any faster (higher) please? Then WHAM....LOL!!!
Senior central bank officials tend to be people with IQs well over 165.
For reference, most people in the world are, on average, somewhere around 105.
You should hire some monkeys to type for you. At least they'll toss out the occasional Shakespeare now and then...unlike, now.
They might have ivory tower book smarts and lots of complicated little theories, but how many of them have ever lived in the real world and worked for a real business that had to make sales and payroll? It's easy to make money when you are in charge of printing it.
Having a high IQ only means you make bigger dumber decisions, usually via hubris.
But the Fed doesn't have the bikini babes as passengers, only sheeple.
all day long they attempted to levitate the Dow to avoiid the forbidden 1% loss....the volume was low all day but in the last 10 minutes of trading it went from 50m shares trading to 110m....
this is what it looked like....
http://www.livecharts.co.uk/MarketCharts/dow.php
yeah...right....
Bank on that shit. Take the profits and stack. Play their game and know when you lay your head down to sleep, its you who is shaving points of their large orders.
Precisely. Delayed gratification is severely underrated.
Turn down for what!!!!
Wow. There is nowhere safe to go !!!!!!
say what ?? .... even when everythings is a dip to be bought ?
> btfd (normalcy bias)
> sell the descent
'Doc Copper's been keelhauled in Chile
http://www.ilovechile.cl/anglo-american-will-lay-off-6000-employees-cut-...
Mason jars are safe!
I hear the ISIL camps in Syria are very safe with US supplied air cover, ammunition, guns, humvees and USO shows starring John (Forrestal) McCain, Vickie (Cookies for everyone) Nuland and Lindsay (Nuke Charleston) Graham.
Above 300dma so it's bullish.
“Tie a Yellen Ribbon (‘Round the Ole Oak Tree)” by Tony Orlando & Dawn
I’m buying gold, I think it’s time
But I’ve got to see stocks ramp just one more time
If you received my letter tellin’ you the bulls might flee
Then you'll know just what to do, if you still love Keynes
If you still love Keynes
Whoa, tie a dovish ribbon round the ole oak tree
It's been eight long months, we need more QE
If I don’t see a Yellen ribbon on the ole oak tree
I’ll stay in cash, start to Fed-bash, put the blame on thee
If I don't see liquidity dripping like dew from that tree
Taper survivors, pity me
‘Cause all the bears are laughing at my plea
Like I’m in a Turkish prison and a blue whale gulped the key
A small glass of Fed ipecac will surely set me free
Must I say ‘pretty-please’?
Whoa, add some dovish code words to the FOMC
It's been eight long months, Fisher’s retired for three
If you won’t carve Keynes’ likeness on that ole oak tree
I’ll make a big fuss, forget my toothbrush and stop my spending spree
If I don’t see Bernanke PEZ dispensers instead of leaves
But . . . now the whole damned world is jeerin'
And I can't believe I see
100 Milton Friedman Fatheads on the ole oak tree
I’m goin’ home !
Dawn {backing vocals}: Yellen’s climbing up the ole oak tree
Look – she’s hiding there amongst the leaves
The shafting came in the form of a grain of rice, time for some Zimbabwe action.
Weeee go faster, this is fun!
and im not talking about the boat.
Could it be on like Donkey Kong tomorrow?
It'll be on like Yellen's thong.
*eyebleach*
Sorry. Not sure why I did that...
I didn't know Depends successfully engineered a thong style.
Will wonders never cease?
Congratulations on taking that to the next level!
Thongwater. What you get when you pit both ends against the middle.
You need to provide mind cleansing items when you put images into our mind's eye that are so utterly disturbing. But yeah, it is, or isn't if the PPT of the USSA buys everything like they did in the final minutes today, or makes selling illegal.
You need to provide mind cleansing items when you put images into our mind's eye that are so utterly disturbing. Or just poke it out when done. But yeah, it is, or isn't if the PPT of the USSA buys everything like they did in the final minutes today, or makes selling illegal.
The losses among gold miners' equities was just plain bizarre today.
Tin disconnected from copper. Someone propped up tin.
I personally believe the U.S. Americans are unable to do so because, uh, some, uh...people out there in our nation don't have the interweb, and, uh, I believe that our education like such as South Africa and, uh, the Iraq everywhere like, such... Remixes are always better: https://www.youtube.com/watch?v=9hpEMSASqqM
Where's the Chinese Deer picture?
Patience, padawan. Patience.
McHale got fuuuuked up.
Someody get the Skip anther Bud!
Repo man coming for shale investors. Better hide your kids and wife.
https://www.youtube.com/watch?v=CnaVoTfkqa8
everything is awesome
:)
unfortunately Gold is going to Get severely monkey hammered. I will be buying at 1000 and 100 increments less till I am all in. I figure it bottoms at 600 and changes. those paper gold hedges will unwind quickly with China.
Everybody was having fun 'till the nukes went off
We've been doing so good...
Boat Skipper looked amazingly like bald bad guy in the movie "Ronin".
Let's see: China very tempted to dump Treasuries,or swap for shiney stuff? BAD.
Someone highly levered on Wall street takes a DOUCHE on frozen Chinese shares? BAD.
Someone somewhere's takes a DOUCHE on long oil pricing rising,or staying above $75 bbl? BAD.
Someone somewhere's takes a DOUCHE because they doubled down on Chinese sharemarket?BAD.
Major real estate BUBBLE in Australia,Canada,West coast USA will soon implode,with CTRL-P next.
Ponzi of FED loaning big money quietly to Belgium to buy UST's and prop market up? BAD.
Price discovery not allowed allowed anywhere on Planet.So no true calculation of RISK because
we "can always get a bailout" attitude (and no prison terms outside of ICELAND!). BAD.
Puerto Rico,Venezuela,Greece,Spain,Portugal,Japan still not anywhere near fixed. BAD.
2008 was a while ago.We have kicked the can seven years now.And GOLD is being hammered??
Apology to the late Stanley Kubrick.
"Does this mean Anne Margaret is not coming?!"
Houston, we are flirting with gimbal lock.