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Dow-Stockalypse-Wow: Bonds & Bullion Soar As Equities Crash
On a day like this - we deserve two clips...
And of course...
- *S&P 500 FALLS 2.1% FOR WORST DAY SINCE FEBRUARY 2014
With the biggest volume for this time of year since 2011...
And here's why...
It's not over yet...
WE'RE GONNA NEED A BIGGER BALANCE SHEET
So let's dive in - here is the US equity indices Since their kneejerk pop after FOMC Minutes...NOT "Off The Lows"
- *S&P 500 SLIPS BELOW MARCH LOW OF 2,040, BOTTOM OF TRADING RANGE
And on the week...CARNAGE!
But futures show the swings even more dramatically... China China China...Fold...
Here are all the major stock indices showing the level of retardation...
And since the end of QE3...Small Caps are now unchanged, Dow and Trannies notably red...
VIX exploded back above 19...
65% Off Sale in TWTR...
and 18% Off Sale in DIS...
Surprise!!! Energy stocks are collapsing back to credit and commodity reality.. NOTE: Energy Credit Risk is at a record high 1110bps!
Who could have seen that coming?
No brainer: short energy stocks, long credit pic.twitter.com/rC05G32OkS
— zerohedge (@zerohedge) August 11, 2015
This has been worrying us for a while...
Stocks cratered to catch down to credit's reality once again... for the 3rd time in 10 days...
But stocks have a long way to go to reality...
Treasury yields collapsed with 10Y pushing back towards a 1 handle...10Y 2.07% lows, 30Y 2.74%
This leaves the entire Treasury complex lower in yield on the year (but but but all those clever economists said rates would rise?)
Swiss Franc contonues tobe well bid, as is the EUR, as Yellen popped the dollar bid bubble (albeit maybe briefly) yesterday with her confusion... This is the biggest 2day drop in USD Index in 3 months and closes at its lowest in 6 weeks...
Commodities all gained on the day (as the USD dumped) but crude was technically driven by the expiration...
While the carnage in stocks grabbed the headlines, the last 2 days have seen the biggest surge in gold prices sicne 2014...breaking back above its 50-day moving average...
Gold and Silver soared...
And finally this trend is not your friend...
Bonds are now the best performer of 2015 (up very modestly) with gold and silver ahead of stocks...
Charts: Bloomberg
Bonus Chart: Is Oil Cheap? Is Gold Expensive?
Bonus Bonus Chart: with a big h/t to @RaoulGMI - This is the most important trendline in the world right now... which way next?
Bonus Bonus Bonus Chart...
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Dead Shemitah bounce coming tomorrow
Just put on our DOW 9000 hat.
I dont believe it. TPP will bring the market up 350+ points tomorrow. The FED controls the markets now.
Until they don't.
Yep, tomorrow could be real interesting. If we get hit with a "cyber attack" on the banks then it is game on.
And Deez Nuts could be next POTUS.
When in trouble or in doubt, run in circles, scream and shout.
So how many times do we see market breaks
BATS, NASDAQ Declare Self-Helptomorrow?
Huzzah! Huzzah! Keep this shit up for the rest of the year.
Deez Nuts 2016!!
Friday selloff on steroids coming in about 16 hours, fasten yer chinstraps
thanks for the deer bonus chart
Ummm, chart porn... I hate to say, but the day is coming when all of the doom-porn advocates will be vindicated...
Coming soon by the looks of it.
Along with the suggested crash helmet, should I wear a cup?
"not one dink body legt alive..."
This just in: Chef from South Park will be the VP candidate on the Deez Nuts campaign.
https://www.youtube.com/watch?v=EIl-6UnlGVs
Until everyone fuken buys the fuken dip
Stawk Mahkit crash.
Very Bullish!
damn you cheap bastard makin' milk come out my nose
Stawk Mahkit Cwash....Vewy buhwish ....Fixed it...Learn to speak fluent Asian.
Kram-Me where the sun don' shine Kramer will story it down in not tooooo atypical CNBUTT-BOBBING-HEAD fashion as a slight correction and a buying opportunity (in times like these betting against Bru-Ha guy is mostest profitable) and receive a walking cane for the lame ass leg-less script from our very famous lunchtime, Wendy's Triple Cheeseburger stuffing triple chin, Maria Barta-farta-Lobotomy, who reality has just gifted with the perfect segway to ask the mafia insiders adorning the broadcast desk the timeless question, her only question, "Is this the time for retail investors to get back into the market?", with all the sincerity a puppet can possibly muster.
Judging by volume. retail has been out of the market for quite some time. However, the volume patterns do look a lot like they did before the S&P 666'd.
The preemptive FED news should't be trusted. It may be just another FMOC short squeeze scam. Thr FED's words have never been an indicator of FED policy.
But, I do know, however, that FINALLY, my inverse leveraged ETFs are almost at break even - and trend like real inverse bets - even without a logarithmic scale!!! - shit I might make a few pennies off the sale after Mr. Broker takes his pound of flesh, providing the chaps that bundled them don't split or emergency-shelf `em.
WOW, best bit of chart porn on ZH in quite some time!
I'm sitting here breathless...
The Shemitah comment was excellent, just wait until Friday 9/11/2015 the last day of trading before the official shemitah on 9/13/2015.
Just sayin....
DaddyO
What you're saying deserves to be heard. There are going to be ups and downs, and ups and downs, as they desperately try to keep this corpse afloat until the occult timeline kicks in. This is all treading water now, until September. Then things are going to shit for real.
Yup. They'll break out the shock paddles and get the corpse to move tomorrow. They'll keep the life support going just long enough to sell the kidneys to the highest bidder. They will probably sell the corneas tonight and maybe a few ligaments to Tommy John patients to cover the next few week's bills...
I know all those who are saying this thing is gonna go back up are putting money on that, right?
9/23/2015: The Convergence
Picked this vid up from a link at Silverdoctors.com just now. It's a sermon about all the coincidences of warnings about bad shit happening on 9/23 or roughly 9/22 through 9/24 in 2015 from Biblical references, movies, cartoons, events, etc.
The pastor does a good job of keeping it light and not crazy conspiratorial...he's just trying to show all these things that seem to coincidentally warn of bad shit happening possibly on or around 9/23 of 2015.
https://www.youtube.com/watch?v=3HdeVTm5G5k
Watch... 700 point DOW rally tomorrow because they can. :(
Gold monkey hammered -$50
Fake alien invasion for lunch
Everything is awesome
That's what I call a presidential pair.
The New Deer
https://pbs.twimg.com/media/CMuka0kWgAAlZdX.jpg
Leave it to Carrot Top to confuse a Deer with a Cow...
Just trying to work-in a Bullard-Cramer-Liesman-Gartman meme and have CarrotTop pop up in the middle !
Ready for Vegas.
Maybe plug-in some of those new new entertainment stocks ... should generate some new fluffer bux.
Yea, but the four leggeds smell better and are far, far prettier!
wait what?
LMAO!
I don't get it. She's been wearing
Orange https://theuniversalspectator.files.wordpress.com/2015/08/coth.jpeg
AND
Stripes http://www.msnbc.com/sites/msnbc/files/styles/ratio--3-2--830x553/public...
She also wears "crazy face"...
http://www.americanpatriotdaily.com/wp-content/uploads/2015/07/Hillary-C...
that's her fake "shocked I made so much trading live cattle futures" face
Criminals have to start somewhere!
HA! I think I'll print out that pic and tape it to the inside of my toilet lid. The bitch can be shocked at my girth while I spray her with piss. Win-win.
Oh, I've seen that before, I think...
https://pbs.twimg.com/media/Bs8Ic2rIEAAecwr.png
I dunno...hmmmmm....
I just don't know....
there's somethin' about 'er...somethin' around the eyes...
reminds me...
reminds me of a homicidal sociopath...
Yup...now I'm sure of it...
I hate 'er
"Until they don't."
Until they can't.
you got it, and ahead of most people in here. I know everyone on ZH, thinks this is going to hell in a hand basket. But that kind of thinking might be wrong.
why? This guy from OZ who is accurate, said something intersting here ==> http://www.bit.ly/1fMcakI he is saying look to the market psychology, as this might be a nice dip to buy soon, one could make off like a bandit!!! Things are getting very oversold, here. And it could make you nice profits.
High-correlation environments, like the markets have seen since the Great Recession and the Federal Reserve's aggressive intervention efforts, present challenges to active managers and those looking to employ diversified portfolios. Correlations among the S&P 500's 10 sectors peaked at 95 percent in 2011, meaning almost perfect movements in the same direction, according to Convergex, a New York-based brokerage.
Amid a lot of bad things happening to the market—think slumping oil prices, global growth weakness and the colliding and conflicting goals of the world's central banks—one development has loomed as a marked positive: Declining correlation between individual stocks and sectors.
Correlation is simply a percentage or ratio measure of how individual stocks, sectors or asset classes move up and down at the same time.
High-correlation environments, like the markets have seen since the Great Recession and the fed reserve aggressive intervention efforts, present challenges to active managers and those looking to employ diversified portfolios. Correlations among the S&P 10 sectors peaked at 95 percent in 2011, meaning almost perfect movements in the same direction, according to Convergex, a New York-based brokerage.
So in laymens terms, it means a HUGE BOUNCE up on the market is coming soon. WHEN? well that is anyones guess, but its coming. And will be very very significant. And ruin the bears. :-)
So it begins... The crash we all have been talking about the last 5 years has arrived.
Good luck everybody!
Seriously? Down a few % from all time highs and doomsday is upon us? Have you been paying attention since March 2009? Yes, I know, this time it's different.
Look at the stock markets abroad and maybe (or most likely, maybe not...) you might understand.
Look at the graph from 08. It didn't crash in a day, but there most definitely was a trend downward just the same. The racheting allows people to stay in because they are almost as afraid of missing the up as they are in participating in the down.
The chart porn has to be taken with a grain of salt.
Not too long ago you saw a ZH post every other day about the S&P 500 being buoyed up not by the stock of paper on the Fed's balance sheet but by the flow of paper onto the balance sheet.
Yet here we are with charts overlaying S&P 500 levels with stock levels.
I think he's making a joke that any drop, no matter how insignificant, is the "end of the world" for the young generation of traders that have never seen an interest rate hike or a significant downturn in their entire career.
It will surely blow some minds if this turns into any sort of meaningful correction.
Like realizing your religion is a money making scam.
That's true. I wonder how many investment advisors and brokers working today never saw a 20 - 30% drop.
> 60 % of those working on Wall street have NEVER seen a Fed Rate hike. And over 40 % have never seen a Bear market. Hell - anyone hired in the past 5 years have never seen a 10 % correction. Likely bounce tomorrow followed by more downward pressure on Monday.
to me it feels likes 1987 when in August the market started to act schizo. just got feeling more and more like it was going to top out and crash which it did.
history repeats.
You are carbon dating yourself, dude.
I won't tell you about 1973 then.
I believe Mr. Churchill could tell us about 1929...
"Fer sure. If you held, it took you til 1979 to be even. The effers continuing to push stocks cause of thier long term AVERAGE returns have no effing clue whatsoever. As others indicate, if you have bought recently and hold, your returns for the next 5 - 10 years will be break even at best.
I was really lucky that my very first stock experience was buying Webvan in 2000. That was $500, my summer of mowing lawns in high school. Lost it ALL.
I've been a little more leery since then. In 2008 I waited too long but sold what stocks I had in July that year, and bought silver Feb. 2009. I got back into stocks again when the price of oil tanked, made a little on the dead cat bounce, but once I came to my senses and realized it was a dead cat bounce, I sold out again just in time to come out a few points ahead.
At this point, IMO a great investment will be to wait for real estate prices to tank again, buy land/properties that need to be torn down, and build tiny houses. The nation is getting poorer, the poverty is being greenwashed as 'good for the earth,' and widespread divorce means many more single people. Tiny houses currently don't carry the stigma of double wides, either. For broke single mothers working minimum wage a 250 sf house may be cheap enough to just get by.
You are carbon dating yourself, dude.
Well we do have something that you youngsters do not have...EXPERIENCE. You'd be wiser to shut the fuck up and let us tell you about events....so you get a clue. Other than that...you can wallow about in blind ignorance. It will be good for a faraway laugh. This bitch market is coming down. I can hardly wait for Audience Participation Night. It will be a riot. Anybody ever tell you how to make Thermite? Anybody ever show you just what it can do...to Banks? Yes. It will be a riot.+1. There are still a number of Boomers who bought into the mainstream their whole life, but as a GenY I feel glad to have read books by older people about both life in other generations, and their take on how the public school system was really just an indoctrination center. History really is the antidote to Cultural Marxism.
Those who remember history are condemned by those who repeat it.
Synchronicity. I was at my local Goodwill browsing their book bin (a few days ago) and found a folded front page from 1987 the day after the 508 pt drop, with commentary such as "a repeat of the great depression is not expected". Paid a few cents for it thinking ... you just never know. Your comments reflect my own concern. And though history seldom plagiarizes itself, yet there seems to be a familiar rhythm humming about these days ... however, my guess is that THIS time may be different IE - far, far worse.
lol, you can tell all of the "regular people" 'don't worry, this time is different'
- Ned
To be frank, I've been talkin' bout it for 9 years now and I have the resident Economist in Ottawa to back that up.
Hallelujah!
The Fed only THINK they control the markets.
[If they actually did, they wouldn't let the NASDAQ drop almost 3% in a single session right before they plan on raising rates...]
They never planned on raising rates. They just talked about it to first pretend they are not in the zero interest rate trap predicted by many and to make Obama look good. It looks bad (to those who understand economics and finance) when you talk about wonderful recoveries, yet the Fed cannot find enough heat and light in the economy to raise rates even a quarter point.
The central planners cannot stimulate demand and the stupid ass know-nothing flunkies like Obama load the weak economy up with higher taxes and social engineering bullshit like Obamacare.
I just heard a stat on the radio driving home today that foreclosures are double what they were last year even though I supposedly live in the hottest housing market in the USA. How does that square with recovery and improving incomes?
This will almost certainly be a deflationary depression possibly followed by government-induced inflation. Net debter-spenders hate deflation.
TPP?...Do you mean the PPT?...Dyslexic?
TPP = Toilet Paper Paratroopers
Friday will fly of course. All charts within brainwash control will turn green.
Gold will sink. Silver will sink. VIX will get a hit of anti-depressents. All will be A frigging OK heading into the weekend, Into Labour Day (what a joke) and into 2016. Rinse and run and rinse and run.
Well, they obviously control YOU and the 40+ BRAIN-DEAD RETARDS that up-voted you. What a DISGRACE Americans have become; and what SHEEP!
I think the TPP may be afraid to do that. If they do it the market will be even more volitile for the Sunday/Monday opening. Hell we can see in other days last week where the TPP actually did do something and it only has a positive 2 points or 3 points after a day or week of negative.
OUCH!!!
That's gonna leave a mark!
Oh, wait,... all my money is in Cash, Bonds, and Gold.
Go ahead: BURN BABY, BURN!!!!
I submit a third video.
https://www.youtube.com/watch?v=qOa5J-V0viU
Didn't even see it comin'
He's dead now.
You can say that again.
He's dead now.
You don't say
If you say it once more, will he appear?
He is not Bettlejuice. He is disorganized protoplasm at this point.
That is actually the best way to go.
Smack. No time for any terror at the thought...or suffering.
Bingo, jump you fuckers.
btfd lol
Actually, I have my Dow 6000 hat ready, followed by Dow 2000 hat.
NO SARC.
lol!!!!
Be careful as that may not go well by advertising to others you were smarter when they lost it all. They may take out some frustration.
Lol Agree, I am keeping my mouth shut going forward. I preached long enough on shorting the market and buying gold. I told our in-house legal cousel to hedge herself by taking short postions and her resonse... can I give you $20 so you can invest it for me. The sad part was she was serious.
@gambit. You can't save everyone! Just before the Irish property crash I warned some developers about what I thought was coming down the tracks and it was time for them to get out..their reply,, "wise up sure the government can't let it crash" ...2 months later BOOM... Bankruptcy court!!!
Today I preach about safety of PM,,, still surrounded by the same fucking dumb dumbs,,still saying "the government can't let the market crash". Grrrrrrr WTF is it going to take. Fuckin MSM has a lot to answer for
www.teamramgold.com/about-us
You know Ram, it didnt even peak her interest to ask me why? But as Mark Twain put it so eloquently... "It is easier to fool a person than to convince them thay they have been fooled." We are surrounded by fools. As I always say, Mother Nature is a cruel mistress... those who are able to adapt and make good decision will survive and those who can’t will perish. It is the sad truth... the universe does not give a fuck it is do or die, as always.
You know Ram, it didnt even peak her interest to ask me why? But as Mark Twain put it so eloquently... "It is easier to fool a person than to convince them thay they have been fooled." We are surrounded by fools. As I always say, Mother Nature is a cruel mistress... those who are able to adapt and make good decision will survive and those who can’t will perish. It is the sad truth... the universe does not give a fuck it is do or die, as always.
by 'NO SARC' do you mean you literally own a hat that says 'Dow 6000' on it and another one that says 'Dow 2000' ?
I certainly hope so.
At a prior job I had, long ago, I wore a hat in which I wrote "JUST BLAME ME" for I got tired of watching everyone point fingers at everyone else for problems.
In fact, before I quit, I would often admit to any and all problems, regardless if I was responsible or not, just because I did not care anymore, and to prove a point.
It just did not matter.
Also, I have a lot of hats, and a lot of markers yet.
You too? I spent the last year of my last job doing the same thing, sans hat though.
I have a silver bar inscribed DJIA 1,000. I used to buy a lot of silver in the early 70s for 3.60/oz. Dumped quite a but after it hit 40 + - thanks Hynt Bros.
PPT team tried the 3:30 bounce but failed miserably.
Chris Matthews: I’ll quit if Hillary does!
http://tinyurl.com/nglntp8
Chris Matthews could always get a job as a spray nozzle down at the local carwash...
just squirt some soap concentrate in his mouth and ask him what he thinks...
Chris made some prediction or other about his future, once certain events happen in the near future.
P'raps we can hold him to that this time?
Nyet Tovarich, not this time.
- Ned
BUY THE ABYSS!!!!!!!!!!!!!!!!
It's Amazing, every 7 years the Banksters force the market down, then they buy it back when it's rock bottom, to sell before they dump it in another 7 fucking Shamita year. The teacher was the Rothchild ( Bauer ) .
And the Sheeps never learn. I thought that goldfish has a three minute memory!
That's what happens when Bank Note is considered money.
Full retardation.
Yep, I expect full retard and max pump for tomorrow because we don't want to be thinking about this ugly whore all weekend......
expect alot of stick saves between now and Labor Day to keep the Hampsteins crowd in a cheery mood, after that who knows.
So many ugly whores...so little time.
Deer baby!!!! Fucking love it ZH, pair trade bonanza day!
We can only hope for a nice -825 point slaughter tomorrow for Ice Cream Friday!
What a birthday give that would be! Dow down 1K points!
Shazzam! You did it girlfried. Dow 16000. WooHoo!
Just to answer your question on another thread. You do NOT have to be a USA citizen to draw SS.
Well shit! It seems you have to be a USA citizen to PAY into it! Whatafuckinfipoff!
No, you don't . You have to have a SS number to pay into it. not be a citizen.
Why are all you Americans so goddam ignorant??
Jesus fucking Christ.
Google ''Sovereign Man'' and LEARN something.
Sheessssh
Legal aliens, permanent residents have SS numbers in order to work. Also, worthy of mentioning, Canada recognizes the contributions Canadians made to US social security system (introduced by NAFTA) so for those of us who are Canadians, who end up back there, it will be applied to our earned income, making us eligible to receive pension in Canada based on US earnings. Mexico may have same deal but not aware of it if there is one old-age security in place.
So do about 30 other countrys FYI, as credits in their systems.
My UK NIC(national insurance contributions) could also count towards SS benfits here, if
I so wished.I don't, but did look into it.
>>>Just to answer your question on another thread. You do NOT have to be a USA citizen to draw SS.
You are correct.
However the inverse (converse? reverse?) is not true. You can pay into the SS system for decades, but if you are not a US citizen, there are circumstance where you can lose 100% of your "paid for" SS retirement benefits.
The ssa.gov section on "payments abroad" is a near-authoritative source of specific information, and a better source than US embassy staffers who, as one might expect, don't really know their ass from a hole in the ground when it comes to many things, specifically Social Security regs and tax treaties.
Could this be it?
Is the fan finally hitting the shit?
Look. The sad truth is that the shit has ALREADY HIT THE FAN.
We have been in a perpetual shitstorm since 2008. We have been in a shitstorm for a very long, long time.
You have just got used to the smell of shit.
But the wave of shit that is coming is a Tsunami of Shit...a Superstorm of Shit.
You will be treading shit, wading in shit, bathing in shit, and eating a lot of shit, when this Superstorm arrives.
In fact you will be wishing for this current level of shit as the wave of shit coming is going to swamp your ass.
So...the question at hand is not if the fan is hitting the shit.
It is, "How well can you swim in the shit headed your way?"
DEFCON 1 at the PPT.
The horror! The horror!
Is that the reflection of a 'STOP SIGN' to the left of that herd?
Yes! The Deer! Finally!
No late buy from the Fed thru their various minons. Total capitulation into the close.
I'm luvin' it.
Maybe that means that it's all by design. If the Fed wanted to levitate this, then they have the tools to do so.
is it time to buy the dip yet?
Yes it is, for DIPSHITS!!!
One more time!
Yes it is, for DIPSHITS!!!
Well done.
The deer have made their appearance, so, yes. It's very close to btfd time.
The problem with BTFD is that it will work wonderfuly, until it doesn't, and when it doesn't, it will rip your face off. Not being an insider, I wouldn't trade in these "markets" because of that.
100 oz's of Silver were purchased on Sunday evening only to watch them fuck with the phony paper price all week long...
guess what - FUCK OFF.....
DEATH TO THE MONEYCHANGERS.
You pays youse money and take youse chances.....
Why worry, did you buy it to sell when it gains 2 dollars an oz or to hold until the collapse, at which point it won't matter what you paid.
#41
dude u obviously r unaquainted with Kaiser...'
who the fuck is worrying???????????????????????????????????????????????????????????????????
shhh!
All you stock junkies.. Time to Buy
Well...get SRTY.
And Pimpco unloaded Treasurys < shitz pants laffing >
How about a nice game of chess?
No, I want to play Global Thermonuclear War.
VXX--->$80 soon...
FAZ took off at the begining of the year, only to rip everyones face off for the rest of the year... ...until now?
An equity guy w/ scant knowledge of metals, but heard this on the radio today and thought I’d give it a try:
“Buy me Some Eagles” from "Fly Like An Eagle" by Steve Miller Band
Stocks keep on slippin', slippin', slippin'
Into the futures
Stocks keep on slippin', slippin', slippin'
In overnight futures
I want to buy me some Eagles, for delivery
I’ll buy ‘em with dollars ‘cause I’m fresh out of tenge
I want to buy me some Eagles, and be carefree
Oh, Lord, through the devaluations
They’ll plead like babies, the longs on the Street
And scream like children, as they taste their first defeat
And grouse like peeved bulls, pining for QE
But oh, no, that’s no solution
I want to buy me some Eagles, two tubes or three
Buy me some Eagles, let this crisis carry me
As stocks dive like a seagull, toward the sea
Right through the Fed intrusions
Stocks keep on slippin', slippin', slippin'
Into the futures ...
!!!!!!
cant wait to see all these ''investors'' come back in and buy the fucking dip before they go to the hamptons tomorrow.
S&P 666! True Valuation! C'mon baby!
"Get your kicks..."
"on route 666..."
love that song...boy is it hot down here...
In the words of Jim Willie ''I don't give a crap about the Dow'' Same here. doesn't affect me in any which way.
Has Krugman blasted off?
Nyet (practicing) Krugman is too busy dealing with stroking out...
Deer! Welcome back, you beautiful about-to-be-venison-bbq!
Yesterday I called for AU to be up $100 within six weeks, 25% of the way there in 24 hours.
I'm not so sure this is the it-IT, but I'm pretty sure this is last financial quake before the big one hits sometime in 2016-2018.
Still probably not a bad time to top off any stores of goods you might have and change your posture towards markets, security, and all else.