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Carnage: Worst Week For Stocks In 4 Years, VIX Soars Most Ever
Only one thing seemed appropriate...
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The mainstream media really nailed this move in the past month (here and here)
- China's worst week since July - closes at 5 month lows
- Global Stocks' worst week since May 2012
- US Stocks' worst week in 4 years
- VIX's biggest weekly rise ever
- Crude's longest losing streak in 29 years
- Gold's best week since January
- 5Y TSY Yield's biggest absolute drop in 2 years
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Did you get message Fed?
THE CLEAR MESSAGE FROM THE MARKETS IS - HIKE RATES AND YOU'RE DONE, GIVE US QE4 OR IT'S ALL OVER!!!
So let's start with stocks...
Bloodbathery... This was the worst week for global stocks (MSCI World) since May 2012
And the worst week for US equities since Nov 2011...
Futures show the pain started with China PMI, then dumped as Europe collapsed, then there was no help from the machines as gamma was so imbalanced...
Of course we saw The BoJ in da house to help squeeze stocks with some USDJPY crushing...but that only worked for the small caps (easiest to squeeze)... and then it all collapsed...
Putting these moves in context, the red lines show how long since the US Majors are unchanged...
Dow enters correction... this was the 9th largest point drop in the history of The Dow...
Financials and Energy were monkeyhammered this week (as both were completely decoupled from their credit markets)...
Financials crash...
And Surprise!!! Energy stocks collapse to credit...
Who could have seen that coming?
No brainer: short energy stocks, long credit pic.twitter.com/rC05G32OkS
— zerohedge (@zerohedge) August 11, 2015
Carnage in AAPL slammed the Nasdaq...
Since QE3, all but The Nasdaq are now red... (and Nasdaq is collapsing fast)...Trannies down almost 10% since the end of QE3!!
VIX exploded this week with the biggest jump ever...
And The VIX ETF saw its biggest 2-day rise since 2011 (no wonder with 61.7mm shares short agaionst just 60.6mm outstanding)
As VIX catches up to credit risk...
and before we leave stock-land, her is perhaps the 'spookiest' chart... a Fibonnaci 61.8% extension of the 2007 high to 2009 lows 'nails the top' for now... (h/t @allstarcharts )
* * *
OK... so let's look at bond-land. Treasury yields collapsed this week with 10Y nearing a 1 handle... 5y yield down over 17bps is the bigest absolute drop since Sept 2013
Leaving the entire bond complex lower in yield on the year...
And stocks finally caught down to credot's reality...
FX Markets have seen some serious carnage this week...
The US Dollar index futures contract was down 2.7% on the week - its biggest drop since June 2013...
EM FX was a disaster...
Finally - the commodity space...
Very mixed picture with PMs holding gains (despite Silver's slam today) as industrial commodities were clobbered...
Bloomberg's Commodity Index is at its lowest since 1999...
Crude oil fell to a 3 handle -
Dropping for 8 straight weeks for the first time since 1986...
Note that gold reversed today early on after touching its 100DMA... and silver revsed today to its 50DMA
And finally, because we suspect the mainstream media will be looking for an excuse to explain all this carnage... here is the culprit...
This mornings culprit for the nasty sell-off pic.twitter.com/OYbBFQyYvI
— Stalingrad & Poorski (@Stalingrad_Poor) August 21, 2015
Charts: Bloomberg
Bonus Chart: Today...
@BarbarianCap not what I'm seeing pic.twitter.com/YkvyBArsgX
— 3:30 Ramp Capital™ (@RampCapitalLLC) August 21, 2015
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...and then over the weekend folks had some time to think about it...when the market opened Monday there was no stopping the selling...1929.....
The Hedge Fund Cowboys and Girls must have made a friggin fortune this week.
A recession + bear market is nothing to worry about. It happens in a regular economy. But this thing is so jacked up on steroids because of the credit crisis in 2007-2009 that what should be a normal cycle could be something so much worse.
Wall Street Week
RIP Louis
RIP Marty
https://www.youtube.com/watch?v=2MyToTwag34
Warren Buffet/Will Rodgers early morning interview with Becky Q coming right up. If that doesnt work, I'm sure CNBC will dig up Ned Riley, Susan Byrne or Joe "Bats" Battaglia.
I miss poor Joe Battipaglia. I think the market insanity stopped his heart. He knew bullshit, and called it often.
Step back and take a look at a monthly chart of your favorite equity index - and realize that we're just getting started.
Yes. That's about right. After the plebes digest what happened today, I'm wondering what Monday is going to be like? Time for the Crash Protection Act. Monday's a holiday of some sort. Markets closed. There, fixed it.
Patient Bear is waiting.
Nig-Tards and HFTPOS got a dose of reality today. May they all lose everything they got...
-Larry Edelson insists that he is “100% confident” that a global financial crisis will be triggered “within the next few months”…
L. E. is like those evangelists who want to tell you the exact day or hour Jesus Christ is coming back.
Biggest hoax scam in history. There is no Jesus coming back. Works good to scare people though.
So what'll it be, Janet? QE 4, or DJIA 4000?
This is it - The FED is sitting on 4 trillion in 'freshly' printed dollars - 3 trillion was wiped off the markets last week alone - The FED could have limited the carnage -but they DIDN'T or they CAN'T - Either way - it's the start of the 'epic' proportional COLLAPSE - Completely 'engineered' of course !
Thought similar..."didn't or can't" We'll see next week...
The SS Hopium...hitting the tip of the berg.....
They haven't passed laws to confiscate your bank deposits for nothing - As we have seen in Greece you put your money into the bank but you can't get it out ! This will happen globally - The 'fractional' reserve banking system means that the banks only have a 'fraction' of your money - they are leveraged 50-1 - The only haven is PM's - The collapse will happen quickly - you don't have a chance - just sayin !
I have $203 in my bank account. All the rest is in...well...other things. Sure, I could lose a pension and Social Security is just a pipe dream that is 20 years away, but who cares? I have a garden and the skills to last 2 years without a grid or grocery store. Do you?
Best case scenario (best for people who want to see something other than complete absolute bullshit day after day in the markets) is for a relatively quick fall to 1800 or so.
Then, the Fed raises rates a quarter point but has Hilsenrath flat out say "All done for 2015", and then the market rallies through New Years.
1800 and 2000 are key levels from 2014.
Once all the retail shitheads are pulled back in for "Santa Claus" THEN the real drop starts - probably 40% or better in 2016.
I also think "they'll" drive oil to $30 and gold to $1000 or less as part of this "correction"
Where were all the dip buyers? I mean the DOW was irresistable 1,000 points higher. Everything will work out though as Merrill Lynch expects S & P to still be 2,300 by years end. No kidding.
http://www.cnbc.com/2015/08/19/this-guy-makes-10000-a-month-shipping-pot...
Consider yourselves lucky if you lost less than $65,000 today or didn't have some drunk crazy broad yammering at you about why you shouldn't buy more land, or more tools or more silver. I only did one of those two things today.
I gave away my $318 about a month ago.
On or about July 18, I made my first trades since 2010.
BAC and DIA calls. As expected, both are worthless today.
No sooner had I made these moves, the market moved against me. After a few days of shit, I said, matter-of-factly, "If I lose my $350 and the market crashes, I'll call it the best investment I ever made."
And here we are. Checked my positions and balances and actually have $32 left in my trading account, in cash, but, since I can't withdraw it for 60 days, it's locked up until late September, at which point I expect my brokerage to be either under federal investigation, shut down or both, so I'm expecting a total loss of $350.
Yeah, my timing sucks, but, you know what? I'm fucking drunk, high and happy. The drunk, crazy broad is sleeping, and ZH, though it's not what it used to be, still provides some entertainment.
Plenty of great comments in here, so, thanks. As somebody previously mentioned, this is only the beginning. My gift to anyone still functioning is this link to "When Money Dies: The Nightmare of the Weimar Collapse" by Adam Fergusson.
http://www.goldonomic.com/When%20Money%20Dies.pdf
Just finished it yesterday morning. Pretty awesome reading.
Oh, yeah, reading. It's one of those quaint, old things, like saving, or planning, people used to do, I've heard.
Monday may bounce and the Fed will likely print more because they're idiots.
Just the beginning, folks. Cash will be king until silver and gold are.
its a Snowcrash
Well, I'm feeling the financial pain! Dropped a quarter between the driver's seat and center console today. Can't find that damn quarter!
kill all corrupt politians and you will have imporovemnt before changing a fucking law.
The politicians are only the lackeys. Cutting the head off the snakes, the politicians' owners, would have more effect. Problem is, there are too many to count.
Get rid of the dual citizens. Being loyal to our mother country is obviously the result and as we see, they have been quite succesful. It's almost as if there has been a coup. But it has not been silent.
The politicians are the doormen only, its the shadowy grey men who run things are dole out the dimes to the thick bent politicians.
Bit off topic, but I hope you like to hear about real life experiences regarding this fake recovery.
Our bank was hacked which seems to happen almost weekly and caused access to online bill paying to not work for several days.. This caused us to be ONE day late on paying our American Express platinum bill.
During that one day a purchase on Amazon was rejected for which we have the AMEX as the main card to charge purchases.
My wife called AMEX to see why the card was rejected thinking it was probably another hack as well and they had to send us new cards as they have done in the past.
What my wife learned really made me concerned and I thought I would share here..
AMEX rep said this is a brand new policy to cut any card holder who is one minute late on payment.
Next, a stupid story of how they had to do this to Donald Trump recently. I guess as an attempt to make us feel as if nobody is immune from the new policy.
That they have so many people defaulting they had to do this new policy to limit the losses and apologized.
The girl said it is so bad they have more defaulters then people who are paying their bill.
I doubt the last statement is true, but is a scary thought of what is really going on and how bad it must be at AMEX to make her tell my wife these things.
If you had a AMEX Black Card, you would have been overlooked. Good story.
Waiting with popcorn on all the loans to get pulled for immediate payment.
Beautiful charts like Art Decos or Symphony Scores.
Curse you Simon Black!! WHHYYYYY did you tell me to diversify into Rwandan Francs and Kazach Tenge??? I'M RUINED
A mathematician, an accountant and an economist apply for the same job.
The interviewer calls in the mathematician and asks "What do two plus two equal?" The mathematician replies "Four." The interviewer asks "Four, exactly?" The mathematician looks at the interviewer incredulously and says "Yes, four, exactly."
Then the interviewer calls in the accountant and asks the same question "What do two plus two equal?" The accountant says "On average, four - give or take ten percent, but on average, four."
Then the interviewer calls in the economist and poses the same question "What do two plus two equal?" The economist gets up, locks the door, closes the shade, sits down next to the interviewer and says, "What do you want it to equal"?
most economists failed math anyways
Keep your eye-sockets on TRIN. Trade accordingly.
Has anyone else noticed that this website continually goes to white screen with this url address: http://ads.pubmatic.com/AdServer/js/showad.js - no other website I visit ever does this. Maybe an ad on this site is malfunctioning?
Just install Adv Block Plus to get rid of useless adverts. These twat adverts cosumes so much CPU and memory. After you install it, your PC will become noticable faster like you have upgraded it.
ZH has to pay the bills. Buy stuff from the advertisers.
Ghostery keeps the ads hidden.
Geez, I already follow Jim Cramer
Look for a few hundred tons of paper gold to be dumped in thin markets monday.
Greater fool search.
I wanted to add a table to visualize the carnage. This comes from the WSJ Heading when you expand it. Just cut and paste to see if it works(Movement Arrows don't copy):
-
Last, Chg, % Chg,
DJIA, 16459.75, -530.94, -3.12%,
S&P 500, 1970.89, -64.84, -3.19%,
Nasdaq, 4706.04, -171.45, -3.52%,
Stoxx Europe 600, 361.28, -12.16, -3.26%,
Nikkei 225, 19435.83, -597.69, -2.98%,
Hang Seng, 22409.62, -347.85, -1.53%,
MARKET DATA CENTER,
4:30 PM EDT 08/21/15
Break my heart break your bank! Payback a mofo... whoa yes pull out credit card. lol watch it ends pretty. love it debt
http://albainternazionale.blogspot.it/2015/08/attacco-su-treno-francese....
False Flag ?
Absolutely. Gotta make American GI's look heroic before they attack Donbass killing thousands of innocents.
The Zio disinfo crowd is desperate to get WW3 going.
Pat Tillman tried.
Looks like ZH has a Hijack virus unless this is just an image generator.
http://ww2.grllopa.com....www.zerohedge.com%2Fnews%2F2015-08-21%2Fcarnag...
http://www.wildunknown.com/2015/02/grllopacom.html
"...surrounded by madness... looking from the other side..." This is a solo effort by the (IMO) great Tony Banks of the group Genesis.
https://www.youtube.com/watch?v=gXsQWTt2H6s
The Premium sellers saw God this week....
Now for the stories of losses from those who surround option premiums
And we shall see if the Fed is "data dependent" or "market dependent"...
with the stock drop, they can say the "leading indicators" suggest no rate hike....
they can always do this..
Cant raise when markets are going up....Cant raise when markets are going down..
The Fed trick box....is this how it all ends????
The Fed should make the quarter point raise....then buy 1000 SPs at the market....
One newsletter points to last time we went down this much the indexes roared back to hit new highs.
Watch out for dip buyers.