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"Black Monday" - Shanghai Composite Goes Red For The Year, Wiping Out 60% In Gains, 2000 Stocks Limit Down

Tyler Durden's picture




 

 

But... but... pension funds are "allowed" to buy stocks.

Judging by the first few minutes of trading in the first thing to open this evening on the mainland, the CSI 300 Index Futures which immediately tumbled by 4% to 3340, China's attempt to deflect attention from the fact that it did not do a 50-100 bps RRR cut is not doing too well.

Some other indicative levels which are in line with the CSI:

  • Shanghai Composite to open -3.8%, some 130 points below the 3,500 "hard line" support level below which it is a nothing but air back to 2000
  • Shenzhen down 4.3%
  • ChiNext down 5.1%

That said, we expect the National Team to not give up without a big fight, and forcefully step in any minute and do everything in its power to prevent the resultant plunge in the Shanghai Composite which is set to open shortly, or else SHCOMP 2000 beckons, and with it lots and lots of social unrest.

* * *

Update: Shanghai Composite now down -5.7%

 

And the 3,500 support is now gone.

 

Update 2: Shanghai Composite crashing, now down 7%

 

Update 3 and final: SHANGHAI COMPOSITE INDEX ERASES YEAR'S GAINS

 

Not a pretty picture at all...

 

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Sun, 08/23/2015 - 21:58 | 6460075 jameswvu99
jameswvu99's picture

China's mistake is publicly stating the levels they want the market to be.  They need to be sly like the US and not publicly say they are involved in the stock market.  

Mon, 08/24/2015 - 00:58 | 6460794 BullyBearish
BullyBearish's picture

They know...they've always known but in the meantime they've transferred $4Trillion to themselves and their buddies...that's called "taking advantage of a crisis they themselves created"...A$$holes!!

Sun, 08/23/2015 - 21:28 | 6459946 indygo55
indygo55's picture

Its gonna take a few hours to hit 40.

 

Sun, 08/23/2015 - 22:29 | 6460226 Question Reality
Question Reality's picture

Not too long... We're almost at 10.

Sun, 08/23/2015 - 21:29 | 6459947 nmewn
nmewn's picture

"Comrades! To your computer screens! The barbarians are at the gate! Buy like you've never bought before!!!" Wang Shi Krammer

Sun, 08/23/2015 - 21:32 | 6459961 NoPension
NoPension's picture

Boo wa! Boo wa!

Sun, 08/23/2015 - 21:33 | 6459966 nmewn
nmewn's picture

lol

Sun, 08/23/2015 - 21:32 | 6459959 Question Reality
Question Reality's picture

If only I could keep the blood splatters off my popcorn...

Sun, 08/23/2015 - 21:53 | 6460057 Dave Thomas
Dave Thomas's picture

You've obviously never been to a Gallagher show.

Sun, 08/23/2015 - 21:33 | 6459971 Bitcoin Meiser
Bitcoin Meiser's picture

It's over.

Sun, 08/23/2015 - 23:49 | 6460580 seek
seek's picture

Ha, it's barely begun.

Mon, 08/24/2015 - 00:45 | 6460761 astitchintime
astitchintime's picture

True that.

Sun, 08/23/2015 - 21:34 | 6459974 NoPension
NoPension's picture

Bet they just turn off the power. Shut her down.

Sun, 08/23/2015 - 21:44 | 6460019 SuperRay
SuperRay's picture

They can't shut the power down.  The bitcoiners will get mad.

Sun, 08/23/2015 - 21:52 | 6460054 cougar_w
cougar_w's picture

You know what they just might do that. Central planning at it's finest.

Mon, 08/24/2015 - 02:38 | 6460945 ThroxxOfVron
ThroxxOfVron's picture

They didn't shut the power off.

They got hacked.

..& they promise to spend a ton of somebody else's money looking into it just so they know who did it.

 

Ashley Madison: turn off the lights!

Sun, 08/23/2015 - 21:40 | 6459999 Excursionist
Excursionist's picture

Tough to say how much of this early decline in Asia is just follow through of Friday's puke here in the good ole U.S. of A.

Sun, 08/23/2015 - 21:40 | 6460000 jldpc
jldpc's picture

they just cut crude's balls off 39.63

Sun, 08/23/2015 - 21:40 | 6460002 Boomberg
Boomberg's picture

What would Suze Orman do?

Sun, 08/23/2015 - 21:45 | 6460023 Berspankme
Berspankme's picture

Blow Jim Cramer?     oh...wait..

Mon, 08/24/2015 - 00:08 | 6460652 Liberal
Liberal's picture

Suze Orman is a very civilized and proud Jewish lady. She does not go down on anyone.

Mon, 08/24/2015 - 00:19 | 6460682 e_goldstein
e_goldstein's picture

..except Mr Yellen.

Mon, 08/24/2015 - 03:43 | 6460948 ThroxxOfVron
ThroxxOfVron's picture

Every single jewess I have ever known was hungry for crown.  

Most of the married ones, too...

 

Must teach it at synagogue or something...

Sun, 08/23/2015 - 21:45 | 6460024 BandGap
BandGap's picture

Some red wine and then carpet pie

Sun, 08/23/2015 - 22:01 | 6460084 Question Reality
Question Reality's picture

She already said she was on the sidelines for a year...

Mon, 08/24/2015 - 02:43 | 6460951 ThroxxOfVron
ThroxxOfVron's picture

Probably having a hip replaced.

 

-Not that it should inhibit her bone habit.

Mon, 08/24/2015 - 03:46 | 6461002 bunnyswanson
bunnyswanson's picture

Flee the country.

Sun, 08/23/2015 - 21:41 | 6460005 JustObserving
JustObserving's picture

Shanghai Composite Index down 5.6% after being down 6%

https://www.google.com/finance?cid=7521596

Has Citadel been  allowed to resume trading in China?

Sun, 08/23/2015 - 21:42 | 6460010 zeroaccountability
zeroaccountability's picture

If Dow gaps down 4%, it's -658 at the open.

Sun, 08/23/2015 - 22:23 | 6460196 Boondocker
Boondocker's picture

Se can only hope

Mon, 08/24/2015 - 00:02 | 6460639 Max Cynical
Max Cynical's picture

More software upgrades tonight?

Sun, 08/23/2015 - 21:43 | 6460013 SillySalesmanQu...
SillySalesmanQuestion's picture

It's going to be a long sleepless night for some, but not many.
The view looks great from over here on the sidelines...

Sun, 08/23/2015 - 21:51 | 6460042 logicalman
logicalman's picture

Ring-side isn't neccessarily the best place to be!

Something large and heavy could fall on you.

Sun, 08/23/2015 - 21:53 | 6460056 Question Reality
Question Reality's picture

But Michele O. is in a plane with Trump right now...

Mon, 08/24/2015 - 00:27 | 6460707 Arnold
Arnold's picture

Blood spatter and sweat carry all sorts of communicable diseases.

Miffed is sleeping I'm sure.

Sun, 08/23/2015 - 21:43 | 6460016 Berspankme
Berspankme's picture

She's gonna blow

Sun, 08/23/2015 - 21:48 | 6460031 TeethVillage88s
TeethVillage88s's picture

BTFD, China is puking unicorns!!!

Sun, 08/23/2015 - 21:49 | 6460038 Bitcoin Meiser
Bitcoin Meiser's picture

It's not a dip. This time it is a cliff!

Sun, 08/23/2015 - 21:55 | 6460065 Question Reality
Question Reality's picture

It's a dip eventually...

Sun, 08/23/2015 - 21:50 | 6460040 zeroaccountability
zeroaccountability's picture

Yeah...she's gonna blow Cramer, like he said....

Mon, 08/24/2015 - 00:01 | 6460627 jomama
jomama's picture

A guy can hope

Sun, 08/23/2015 - 21:48 | 6460034 cheech_wizard
cheech_wizard's picture

Let the real bloodletting begin...

http://www.bloomberg.com/markets/stocks/futures

Standard Disclaimer: Have they opened odds in Vegas on where the bottom will be yet?

Sun, 08/23/2015 - 22:02 | 6460093 Question Reality
Question Reality's picture

I thought reggie already found the bottom and has been pounding it.

Mon, 08/24/2015 - 00:32 | 6460724 OldPhart
Sun, 08/23/2015 - 21:49 | 6460036 jldpc
jldpc's picture

buyer's have disappeared on the mini nasdaq - there is no viable covering or stops possible

Sun, 08/23/2015 - 21:54 | 6460064 cougar_w
cougar_w's picture

Cowardly traitors, each of them.

Sun, 08/23/2015 - 21:53 | 6460049 NoPension
NoPension's picture

They ( Shanghai) 15-20 minute lag. Opened -134 3.8%. Just jumped to -4.8%!
If 3500 is a major support, this is going to be ugly.

-5.96%

Sun, 08/23/2015 - 22:09 | 6460119 Ms No
Ms No's picture

-7.07%!   Look out below!!!

Sun, 08/23/2015 - 21:53 | 6460060 Ineverslice
Ineverslice's picture

They got this.

Sun, 08/23/2015 - 22:03 | 6460062 Onlygold1
Onlygold1's picture

I'm all for a 22% Gap down and be done with the games and then some follow thru, where's waddell/reed....err Fatfinger, or is it Goldfinger I forget.....

:^)

Sun, 08/23/2015 - 21:59 | 6460068 foxmuldar
foxmuldar's picture

US futures now down 156. Shit is definitely hitting the fan. http://www.cnbc.htthttp://www.cnbc.com/pre-markets/p://www.cnbc.com/pre-...com/pre-markets/http://www.cnbc.com/pre-markets/

Sun, 08/23/2015 - 21:57 | 6460069 chinaboy
chinaboy's picture

Crazy indeed!

Sun, 08/23/2015 - 21:57 | 6460071 fed_depression
fed_depression's picture

Looks like Black Monday is at least a possibility. Time for a stock exchange upgrade to close the markets.

Sun, 08/23/2015 - 21:59 | 6460076 zeroaccountability
zeroaccountability's picture

Dow 30 Futes hat tip previous ZH poster.....

 

http://www.investing.com/indices/us-30-futures-advanced-chart

(-151)

 

 

Sun, 08/23/2015 - 22:06 | 6460106 Onlygold1
Onlygold1's picture

why did it Stop?..... is that all, heck this aint even worth staying up for <sigh>

Sun, 08/23/2015 - 22:01 | 6460085 stormsailor
stormsailor's picture

3000 shares a minute at night back about 15 minutes ago on the /es,  it was on a long red candle.  its real volatile but when the volume eases up it floats up.  down 17 as we speak. hang seng 851. nikkei 450 down.  crude below 40.   seems like the ppt is already working on our end.  all the chinese investors are having to sell at a loss or sell for margin call.  if china keeps on dangling and europe is bloody it could get real ugly come daybreak.

Sun, 08/23/2015 - 22:26 | 6460208 SillySalesmanQu...
SillySalesmanQuestion's picture

For those who weren't already all out, the time to get out may have gone and passed Friday at 3:59....

Sun, 08/23/2015 - 22:06 | 6460104 xcehn
xcehn's picture

Bloomberg imploring: DON'T PANIC. Definitely PANIC, in other words. Wow.

Sun, 08/23/2015 - 22:07 | 6460112 Onlygold1
Onlygold1's picture

He who Panics first, Panics Best..

 

who was it that said that?

Sun, 08/23/2015 - 22:20 | 6460179 trulz4lulz
trulz4lulz's picture

vix up 46.5% though! all is well.

Sun, 08/23/2015 - 22:07 | 6460111 Keltner Channel Surf
Keltner Channel Surf's picture

But ... but ... this can't be happening, cuz Joe Terranova just got back long when SPY bounced from the daily Keltner, after correctly being bearish close to recent highs.  Seems like a nice guy, I suppose, perhaps he was successful decades ago, but appears to have zero savvy for current, post-algo markets.  I guess they call it "Fast" Money because if you follow their advice, you won't be eating very well.

Sun, 08/23/2015 - 22:09 | 6460125 RSDallas
RSDallas's picture

The pboc set this whole thing up. They just approved for Pension funds to trade equities. So what happens, the people take the loss and the government shorts the market. FAIRLY SIMPLE IF YOU ASK ME.

Sun, 08/23/2015 - 22:13 | 6460138 zeroaccountability
zeroaccountability's picture

I'm gonna have a hard time sleeping tonite, and I don't even have a dog in the hunt.  Such excitement!!

 

C'mon Monday Morning!!!

 

JUMP  YOU FUCKERS!!!

Sun, 08/23/2015 - 22:14 | 6460147 zeroaccountability
zeroaccountability's picture

Think I'll take some shiny to bed with me tonite.  Where the hell is my Scuba gear, anyway?

Sun, 08/23/2015 - 22:15 | 6460148 Nothing Ever Happens
Nothing Ever Happens's picture

Just stared and watched Shanghai plunge from -7.5% to -8.0 in about a minute. Came over here to this post and in that time it's pressing up against -8.5%

Looks like I picked the wong day to quite sniffing grue.

Sun, 08/23/2015 - 22:15 | 6460155 mijev
mijev's picture

I've been waiting for the classic bloomberg bs headline seen almost every day at 3.30pm for the last seven years: "markets shrugged off negative data to recover losses in late trading." Haven't seen it since about mid last week.

Sun, 08/23/2015 - 22:16 | 6460159 suzannacuahjsouiqxxg
suzannacuahjsouiqxxg's picture

Let's see if this translates into another 500+ down day for the DOW. If it does, watch out below. Keep an eye on gold. If this blowout continues, we could see gold above $1200 by the end of the week. How high will it go before gold miners catch some real bids? Probably not much. This could be the next great short squeeze!

Sun, 08/23/2015 - 22:28 | 6460221 SillySalesmanQu...
SillySalesmanQuestion's picture

"That will be cheap by sundown..."

Sun, 08/23/2015 - 23:59 | 6460618 jomama
jomama's picture

ROFL 'gold $1200'

Sun, 08/23/2015 - 22:19 | 6460173 stormsailor
stormsailor's picture

one of the better real time world indices   http://www.investing.com/indices/major-indices

Mon, 08/24/2015 - 00:35 | 6460735 salvadordaly
salvadordaly's picture

there is only one that is green, red as far as the eye can see!

Sun, 08/23/2015 - 22:20 | 6460180 H H Henry P P P...
H H Henry P P P Paulson's picture

If a stock market crash comes to fruition, are we allowed to blame it on Obama?  Or is it still Bush's fault?

Sun, 08/23/2015 - 22:27 | 6460212 nmewn
nmewn's picture

It will always be Bush's fault.

Number One: Because it passes the blame for any results/tragedies/crisis onto Bush.

Number Two: Because its true, Bush grew the state just like Obama.

Sun, 08/23/2015 - 22:27 | 6460217 Nothing Ever Happens
Nothing Ever Happens's picture

Hillary wiped it, like with a cloth. Or something.

Sun, 08/23/2015 - 22:20 | 6460183 marginnayan
marginnayan's picture

Well deserved. Finally the FED induced fucking bubble is bursting. Where have those idiot pundits gone now? LOL.

Kudos to those who shorted the market in last week.

 

Sun, 08/23/2015 - 22:21 | 6460185 I Write Code
I Write Code's picture

Shazbat.

Sun, 08/23/2015 - 22:22 | 6460192 williambanzai7
williambanzai7's picture

Wamming speed....

Mon, 08/24/2015 - 00:35 | 6460733 OldPhart
OldPhart's picture

Thith thucks ath...

Sun, 08/23/2015 - 22:23 | 6460197 Bunga Bunga
Bunga Bunga's picture

And socialism can't fix that?

Sun, 08/23/2015 - 22:25 | 6460204 rleet2
rleet2's picture

So, it's hitting the fan.  ZH has been there since 2010ish.  Back out the Fed goose job and you have a hand full of brown stinky stuff.  Everyone on CNBC is surprised.  What a damn mess idiots create.

Sun, 08/23/2015 - 22:26 | 6460206 jldpc
jldpc's picture

fww: cell phone sales in China have topped out; fewer next year = bail on AAPL unless you want your nuts cut off; so what happens to our indexes w/o the great 'core?' Ever see grown men cry?

Sun, 08/23/2015 - 22:28 | 6460218 stormsailor
stormsailor's picture

just busted 50.25 with 6000 shares a minute took it down to 1946 in one minute candle. wow

Sun, 08/23/2015 - 22:28 | 6460219 MATA HAIRY
MATA HAIRY's picture

now down 8.4%

Sun, 08/23/2015 - 22:28 | 6460224 Ms No
Ms No's picture

Holy phuck!  Can't wait to see the orange faced bastards on CNBC.  Can't wait and see the fed try and fix this!

Sun, 08/23/2015 - 22:34 | 6460239 DirkDiggler11
DirkDiggler11's picture

Oh No, this goes way beyond the Fed, CNBS will be rolling out Fanta Orange herself, Ms Christine LaHaggard to spin this latest round of market collapse...

Sun, 08/23/2015 - 23:14 | 6460448 Hulk
Hulk's picture

Just love to see the Orange people suffer !!!

Mon, 08/24/2015 - 00:37 | 6460741 OldPhart
OldPhart's picture

Your Green vs Orange thing is raycist!!

Sun, 08/23/2015 - 22:30 | 6460230 PoliceThePolice
PoliceThePolice's picture

So far tonight has been better than any Xmas as a kid. I feels like this marathon is almost over. At the end, instead of a ribbon, you get to tap dance on Mr Yellen's lifeless body. Time to crack another beer!!!!!!!

Mon, 08/24/2015 - 01:06 | 6460805 TN Jed
TN Jed's picture

I know, and I just came home from a preseason NFL game complete with singing, fireworks and touchdowns.  What a freaking encore this is.

Sun, 08/23/2015 - 22:33 | 6460235 Nothing Ever Happens
Nothing Ever Happens's picture

Looks like the Chinese are getting in the game in Shanghai. It's rocketing up to under -7%. Oops. Never mind. Went back to check and it's diving back down.

Looks like someone's gonna have to borrow those suicide nets from Apple before this is over. Yes, we have no banana vendors.

Sun, 08/23/2015 - 22:33 | 6460237 stormsailor
stormsailor's picture

could see a lock limit down on the /es. havn't seen one since 09. crazy it just puts no movement candles on the chart, unless it goes up. use to be 10% and that would be down 195. but i think they may have adjusted it.

any of you geniuses know the exact number?

Sun, 08/23/2015 - 22:34 | 6460241 humble_man
humble_man's picture

Breaking news in Shanghai from my friend who lives 2 blocks away from the stock exchange:

https://www.youtube.com/watch?v=cO1q3HwB0y0

Sun, 08/23/2015 - 22:36 | 6460246 CosmoJoe
CosmoJoe's picture

Wow, no dead cat bounce here.  It is going to hit the pavement at light speed and leave a smoking crater.

Sun, 08/23/2015 - 22:39 | 6460254 fatlibertarian
fatlibertarian's picture

Malicious short sellers! Lol

Sun, 08/23/2015 - 22:46 | 6460264 Ms No
Ms No's picture

Shit it is stalling out right now, I was really enjoying that.  Might be a good time to go hit the cash machine again, buy some beans and rice and some 10,000,000 sunblock.

 

Oh, here it goes crude and Aussie now.

Sun, 08/23/2015 - 22:42 | 6460270 stormsailor
stormsailor's picture

its drilling down on big volume, that last one took it down to 1941 on 4500 shares a minute.  that kind of volume is rare at night where 400 shares is uncommon.  its getting real,  

Sun, 08/23/2015 - 22:44 | 6460273 zeroaccountability
zeroaccountability's picture

'A Brazillian'.

 

(any of you geniuses know the exact number?)

Sun, 08/23/2015 - 22:46 | 6460287 cheech_wizard
cheech_wizard's picture

Perfect night for the premiere of "Fear the Walking Dead"... grabbing some popcorn.

 

Sun, 08/23/2015 - 22:47 | 6460305 falconflight
falconflight's picture

SSE off 7%, Nikkei crashes through 19,000.

Sun, 08/23/2015 - 22:46 | 6460294 general ambivalent
general ambivalent's picture

Ok, post your drinks.

I call this one the Kamikaze Market Bomb:

Full glass ice

1 part water

2 parts Irish Whiskey

2 parts Canadian Rhum (the cheapest stuff)

1 part Jager

Popcorn fragments

tincture of gasoline

Confetti made from a torn up fiat bill of your choosing.

Sun, 08/23/2015 - 22:49 | 6460316 DirkDiggler11
DirkDiggler11's picture

Rebel Yellen:

Wild Turkey 101
Ice cubes
Tall Glass

You can figure out the rest from here ...

Sun, 08/23/2015 - 23:18 | 6460458 Dr. Engali
Dr. Engali's picture

A Cabernet for regular times and Crown Royal for when the shit gets real.

Mon, 08/24/2015 - 00:50 | 6460770 OldPhart
OldPhart's picture

Dirty Bastard

One Dirty Glass used for the last month.

Chilled Rum, four inches.

12 oz can of MGD as a cooler.

Read and comment on financial porn sites.

Sun, 08/23/2015 - 22:46 | 6460297 CheapBastard
CheapBastard's picture

What did the Chinese expect? When you pump billions into the market and tons on margin with little fundamentals, or worse, negative fundamentals, it's inevitable ... unless you're The Bernank who elevates the market with ~ $50 Billion a month for years.

 

However, China's CB is exhibiting extreme self-restraint compared to the fed.

Sun, 08/23/2015 - 22:49 | 6460318 falconflight
falconflight's picture

With their massive shadow banking sector, the CB isn't needed as much.  Well, until now.

Sun, 08/23/2015 - 22:48 | 6460311 stormsailor
stormsailor's picture

just hit 1933 on 10thousand shares a minute.  this is turning into a selling rout

Sun, 08/23/2015 - 22:52 | 6460333 DirkDiggler11
DirkDiggler11's picture

Somebody is trying to catch a falling knife....

Nurse, tourniquet please STAT !!!!

Mon, 08/24/2015 - 00:53 | 6460781 OldPhart
OldPhart's picture

Hang Seng and Shanghai are giving me a boner.  DJIA F is like a shot of viagra.

It's three hours and 55 minutes...not sure that I WANT to call a doctor.

Sun, 08/23/2015 - 22:49 | 6460314 zeroaccountability
zeroaccountability's picture

-373 Dow 30 8:49PM Mountain

Sun, 08/23/2015 - 22:50 | 6460322 lasvegaspersona
lasvegaspersona's picture

They can't write these articles fast enough..Shanghai down 7.5%!!

Mon, 08/24/2015 - 00:42 | 6460753 salvadordaly
salvadordaly's picture

8.45 now

Sun, 08/23/2015 - 22:50 | 6460327 Ms No
Ms No's picture

Well on the bright side it looks like copper is going to be free tomorrow.

Mon, 08/24/2015 - 00:18 | 6460678 kw2012
kw2012's picture

Maybe we can get our solid copper pennies back?

Mon, 08/24/2015 - 00:18 | 6460679 kw2012
kw2012's picture

Maybe we can get our solid copper pennies back?

Sun, 08/23/2015 - 22:51 | 6460330 EconoIdiot
EconoIdiot's picture

Can't we all just be self proclaimed and heavily armed, very wealthy peacefull munchkins?

 

Sun, 08/23/2015 - 22:53 | 6460335 Bezukhov
Bezukhov's picture

They're selling? Then buy, buy, buy! They're buying? Then sell, sell, sell!

Sun, 08/23/2015 - 23:01 | 6460385 DirkDiggler11
DirkDiggler11's picture

You go first .....

Sun, 08/23/2015 - 23:19 | 6460465 CosmoJoe
CosmoJoe's picture

SHCOMP just blew right past 8%.  Looks like anything not nailed down is getting the shit sold out of it.  I can just imagine these farmers that were holding on hoping for something have decided to GTFO.

Sun, 08/23/2015 - 23:31 | 6460510 Wannabe_Oracle
Sun, 08/23/2015 - 23:35 | 6460526 Omega_Man
Mon, 08/24/2015 - 00:30 | 6460714 Ms No
Ms No's picture

Yep, things are not looking too good.  http://www.rt.com/news/313170-russia-china-japan-sea-drills/

Mon, 08/24/2015 - 00:56 | 6460790 OldPhart
OldPhart's picture

Wow, just being anywhere near that fuckin' Haneda Airport seems to be a death sentence.

 

Sun, 08/23/2015 - 23:42 | 6460558 the not so migh...
the not so mighty maximiza's picture

What the fuck is happening.  Is this IT?  After so many years of fraud is it finally breaking

Sun, 08/23/2015 - 23:43 | 6460563 seek
seek's picture

Damn, I was planning on sleeping tonight.

Sun, 08/23/2015 - 23:46 | 6460567 franzpick
franzpick's picture

China A50 down 8% and CAC-40 minus 7.3% seem to be atop the current downside leaderboard:

http://www.investing.com/indices/china-a50-advanced-chart

http://www.investing.com/indices/indices-futures

Sun, 08/23/2015 - 23:46 | 6460572 Chosenpeople
Chosenpeople's picture

Shanghai is down 8.5% mid-day, and Dow futures are down 450.  I gotta get me some popcorn, and watch the most predictable crash in history.

Sun, 08/23/2015 - 23:49 | 6460582 jmaloy5365
jmaloy5365's picture

I'm gettin' a boner........

Sun, 08/23/2015 - 23:54 | 6460602 Closet Boy
Closet Boy's picture

Today, it will likely last more than 4 hours...

Sun, 08/23/2015 - 23:50 | 6460584 arbwhore
arbwhore's picture

... and in the distance, all that could be heard was the sound of printers and helicopters...

Sun, 08/23/2015 - 23:56 | 6460607 franzpick
franzpick's picture

And pizza delivery trucks at the fed and the whathouse. Hope they gag on the anchovies.

Sun, 08/23/2015 - 23:53 | 6460599 cherry picker
cherry picker's picture

What happened to PPT?

Are they taking a few days off?

Maybe they ran out of coin?

Maybe they are trying to sell what they bought in the past because they realized it was a road to nowhere?

Anyone have a clue?

Sun, 08/23/2015 - 23:56 | 6460606 Closet Boy
Closet Boy's picture

AWOL

Mon, 08/24/2015 - 00:34 | 6460731 Hitlery_4_Dictator
Hitlery_4_Dictator's picture

PPT is boarding planes headed for places unknown to escape persecution 

Mon, 08/24/2015 - 00:58 | 6460793 OldPhart
OldPhart's picture

SEC shared SpankWire link...

Sun, 08/23/2015 - 23:55 | 6460603 Bazza McKenzie
Bazza McKenzie's picture

I guess this means Mr Xi and friends are already out of the market.

Mon, 08/24/2015 - 00:00 | 6460623 adr
adr's picture

Hey, it's midnight. I fully expect the PPT to rescue the US market and have a nice healthy zero volume 400 point DOW boner when I wake up in the morning.

Unless this really is a real collapse, but how can the Fed let this happen, unless they want it to happen.

Mon, 08/24/2015 - 00:02 | 6460635 I Write Code
I Write Code's picture

Janet's habit is to let things run for a day or two before stepping in, but this all looks like she's trying something new.  Will she or nil she?

Mon, 08/24/2015 - 00:02 | 6460638 Bear
Bear's picture

So everyone is The Bear now!

Mon, 08/24/2015 - 00:05 | 6460647 franzpick
franzpick's picture

Look at the DJIA weekly: there's 2000 to 4000 more points to go to the downside from the nosebleed, fed-concocted 'valuation' levels:

http://www.investing.com/indices/us-30-futures-advanced-chart

Mon, 08/24/2015 - 00:07 | 6460651 Bear
Bear's picture

Liquidity have evaporated from NQ moving 1 point on 1 or 2 contracts.

Mon, 08/24/2015 - 00:09 | 6460657 CheapBastard
CheapBastard's picture
eBay and Chinese Sellers Sued over Counterfeits

 

There are a number of striking things about the lawsuit. One is that the sellers being sued appear to be Top Rated eBay sellers based in China and selling on eBay.com. Another is that the lawsuit accuses eBay of racketeering.

 

http://www.ecommercebytes.com/cab/abn/y15/m08/i21/s02

 

Hard to believe they sell fakes?! Who could have known?

Mon, 08/24/2015 - 00:12 | 6460665 Chosenpeople
Chosenpeople's picture

Ya know it had to happen when all those Chinee farmers started buying stock.  In 2008 a valet parking guy in Vegas told me to buy stock and how well his stock was doing.  I sold all my stock the next day.  The shoeshine boy method is still the best.

Mon, 08/24/2015 - 00:17 | 6460677 StarSoul
StarSoul's picture

Guys. Be careful. What they ain't telling you is. ITS NEVER COMING BACK. The are deleting the entire concept of stock trading itelf. We are trully entering a rationed totalitarian one world government. Those with brains already know, markets are going to crash, but the smart ones know...ITS NEVER COMING BACK 

Mon, 08/24/2015 - 00:20 | 6460685 tok1
tok1's picture

I think people are missing the point.

QE was bad for consumption because it lead to higher prices and lower yields ( ie high stock bond prices meant no income on savings).

So now no QE ( if they really want to help consumption)..

1) cheaper oil/ commodities / food ext ( good for consumption)

If they raise rates

2) higher returns on savings
3) higher returns on investment ( ie lower stock prices means better yields from dividends).

So while QE messed up investment returns / consumption

No QE and higher rates will see economy pick up as cheaper oil / food and real returns on savings lift consumption potential.

So if they want slow the economy do more QE drive oil ect back to 100 yields back to no return and fuck the economy again .

Mon, 08/24/2015 - 00:20 | 6460686 atthelake
atthelake's picture

Expect supply chain interruptions.

Mon, 08/24/2015 - 00:21 | 6460689 Son of Captain Nemo
Son of Captain Nemo's picture

At the clip this is going the FTSE and NYSE may make it a holiday... For the week!

Mon, 08/24/2015 - 00:22 | 6460691 tok1
tok1's picture

QE supports bankrupt govts and banks .. Bad for investors / savers / consumption..

Mon, 08/24/2015 - 00:26 | 6460705 Atomizer
Atomizer's picture

HELP... Gurgle, Gurgle... Help me chair dyke...Gurgle, Gurgle...Yelleeeeennnnn

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