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US Equity Futures Are Crashing
Moments ago, without any specific catalyst, US equity futures just plunged when in thin, illiquid tape, a seller took out about 30 consecutive bid levels and as of last check, the ES was down as much as -48 to just 1923, or 2.5%, after being down a modest -13 minutes ago.
It is unclear just what is going on, or whether some prop desk or hedge fund just got tapped out, and/or how the Fed will react but the last time we had action like this, the Fed confused a liquidating SocGen trader for an economic collapse, and cut rates by 75 bps in January of 2008. This time it does not have that luxury.
So while we await the Fed's response we watch in stunned amazement at a meltdown the likes of which we have not seen in years. Alternatively, if the Fed has nothing up its sleeve, the good news is that limit down for ES is just about 1870, so only 60 points more.
* * *
Update: just when it seemed that a BTFDer had emerged, even more focused selling took ES to new lows, and as of moments ago ES was down as low as 1913, down a whopping 58 points, and officially in 10% correction territory. Also, we are now down to about 50 points from limit down.
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I don't understand. Why aren't "they" saving "us"?
This is "saving" us. It's called "Doing God's Work".
"we watch in stunned amazement at a meltdown the likes of which we have not seen in years"
There's nothing I don't like about that statement.
Still don't believe this is "it"
Same here. It's a weird sort of euphoria.
Our own normalcy bias.
All of the comments above have merit.
I guess it's going to be "another one of those weeks".
Ick. I need a vacation.
Dow mini futures down over 400 as of now.
margin call
https://www.youtube.com/watch?v=uj4QrAcwVi0
This is it. Don't get caught up in the analysis. Get a chair.
Popcorn- check
refresh button-check
This will be fun.
My wife hates the country. No fancy restuarants. No movie theatres. No bars with live music. Being right will be so worth a destroyed global economy.
Coming soon.....Top 100 CEO's getting suicided.
Tylers, we need a livestream to a major financial news network so we can watch the shocked news anchors fumble around for a script to explain what is happening.
Guys this is just for fun :
https://www.youtube.com/watch?v=7SCRrR98fJw
Some guy made this video when he was thinking the markets would crash again in 2010. Obviously, he was quite wrong. But the video is fun none the less ;).
is it time to go long nail guns?
Teh we is fondling his 2bits watching this...
But, the Shemitah isn't due for a few weeks.... /s
No need to panic. Everything will be OK. Catfood for everybody!
We are in the Shemitah year. It concludes at sundown on September 13th. At that point, the year of jubilee may be starting.
Be cool. You know at some point they'll shove a 500pt+ sphing sphing up our backsides.
Today reminds me of one of my fav Hitchcock quotes:
I have a perfect cure for a sore throat, cut it.
CNBC "Analysts" come Monday morning...
https://www.youtube.com/watch?v=999R-KoS3Og
I'm having this feeling that S&P 500 will close at 1929....
I'm looking forward to Yeller making a semi-urgent announcement at 6am to calm the markets, "It's contained."
Wouldn't that be hilarious!
This week will be entertaining.
I wonder how many things will blow up in Asia this week.
Time for another little glitch that shuts down trading for what . . . a couple days?
Sunspots..
Yeah..that's it..sunspots.
Hey CNBC, how about no "expert commentaries" tomorrow...Just show the numbers. Thank you.
Some kid in a basement in the UK trading on his high frequency Commodore 64.
When Randolph and Mortimer were ruined by the incessate selling (See USA cinema), they screamed, "we own the brokerage, we own the TRADING SPACE (PLACE), turn those machines back on!".
We saw this play out in '08. The state sponsored frauds of bond rolling, mortgage packaging, balance sheet and money expansion, financial instrument dilation had run a certain course (well directed and protected), so a plunge was in order. By doing so, the state could expand even further the supply of pretended wealth, could open the gates to open-sunshine even cheeky bond fraud, open-day pawn-shopping of dubious securities, open too every mind's reception the idea of quantitative easing or fabrication and counterfeit of the substantial. It paralled much the international easing of the consciences of the public toward enhanced interrogation. TORTURE. Torture now, torture for all. Torture the ideas, the ideals, the storehouses, the repositories of wealth. Destroy everything which everyman holds dear.
Body, Soul, Pocketbook, Conscience. All subjected to enhanced interogative technique and quantitative easing. Also called ass-whipping and asset-stripping. Read through your constitution and bills of rights (USA'ers), or habeas corpus and Rights of Man, your body of law. Like every holy and sacred scripture, it has been corrupted beyond recognition. It is like engraved granite of beautiful platitudes where just beneath it a senate violates its pronouncements in the worst way. A hard mortal beating beneath liberty's torch.
You know, of course, that the machines were turned back on and Mortimer and Randolph were made whole and even richer, while the entire body of massed humanity was diluted of their present and future assumed possessions. What a magnificent transfer device, exceeding even a star trekkers' "Beam me up!", are fiat money and a captured gov't with private federal reserve. Electronic confiscation without representation.
Funny this. That the instrument with which the Fed was endowed with trust and integrity--the substance upon which they based every action and substantiated every trade was that thin yellow line! A metal which, in the depths of men's minds and souls, constituted the absolute CALL. The call by which men could remove their confidence from an institution if ever it rotted so badly. I want my money would have immediate restitution by a restoration of equivalent gold metal. Indeed, they could redeem their saved labours and sequestered gains by exchanging paper for exceedingly rare and unique metal medallions. Enough of a vote of no-confidence and the system would be force to honorable and honest restructure.
BUT, Once having the universal esteem of their gentlemenly if stupid fellows, the RESERVE set about mentally and psychologically denigrating that by which they won their faith and place. Why not crucify the gold? Gold which early on was the great REDEMPTION, the token by which honesty was made simple for all, urbane and uncouth--began to be crushed and spit upon, thrashed and castigated, relegated to a superstition and relic. Ah! but the echoes. To the dustbin with metal and with your tiny influence in these great matters, slave!
Now WITH THE WORLD IN PRETENDED AND DIRECTED TURMOIL, where everyman is at the mercy of a strange system of trade where they have no suffrage and where their individual actions are scoffed at, and where their movements to protect what small cobbled ball of SAVING is only a tiny breath in the maelstrom--ONLY THEN and suddenly do they come to realize the wisdom of old, the O.G., the Old School, the millenial thread disregarded. GOLD. It may not be lamb's blood painted on lintels and jambs, to be observed by extraterrestrial and superhuman beings in the threshinghouse of this world's lord. It may not be staffs which mock the wizardry of this world's elite by consuming and completely vanishing its magic. It may not be tearing apart a great water so the simple and somewhat pure may pass on dry ground--but the ability to call out the scoundrels and scofflaws which host our financial institutions might have preserved this world's people from the awful depredations of this time.
We live upon a fallen planet that destroys every good and great thing AND attempts to exalt that which is contrary and froward.
Do not be surprised when find yourself weeping, wailing, and gnashing upon your teeth (at a minimum). That which we allow by subterfuge and slow dilution to overtake us, that which we invite into our HOUSE by choosing every slight evil, that which we allow to slowly scour away our poignant conscience--That is what will rule us in the end.
Kill and crucify that which will hold and protect you. Diminish those institutions which like watercraft carry you safely through your voyage with fellow travelers through this short but exquisite existence, and you will come to know what it is to be in the winepress of the lord. Among the wheat and tares in the threshing floor or TRADING PLACE of the Almighty!
+100 on the perspective and sentiment..
And especially the winepress of the Lord. :-)
Dow mini futures down over 490 at one point but they're bringing them up. I smell a phone call to GS desks.
If chicom central doesn't rescue the close, the euro and us exchanges will need massive intervention to finish green.
saw it dow -500 a few hrs ago ago..
gonna be a hard monday..
markets are going to open down bigger than they lost on Friday
A while back someone commented that ZHers would, ironically, be the ones caught off-guard. In the midst of the real "it", we would all be convinced it was another head fake/muppet slaugher.
They were probably right.
ZH is read by few, considering the US population. We have a heads up, I suggest we use it.
...considering the GLOBAL population. I agree completely.
ZH is read by few, considering the US population. We have a heads up, I suggest we use it.
Sorry for the double post. Been reading Zh for year, commenting for days.
Triple post .... if you count the apology ! LOL
standard method of correcting a double post is to edit the second to read Fuck You Bern... I mean, Fuck You Yellen
There... is... panic... all over the world!
Haha Still too excited to sleep... you are more than welcome to come over, I am too excited to sleep as well (you wont need your vibrator :)).
For most of the history of humankind it took decades for information to travel around the world, that was shortened to years, and then...modern times came. Information could travel in days and hours. But now, with the smart phones and internet everything spreads around the world in minutes and seconds. It's an interesting experiment in human behavior.
I've always seen the internet as Guttenberg's vision writ large.
I didnt think Steve from the Police Academy series had that much investment savvy
SIMPSONSWe Do (the Stonecutters' Song) Lyrics
Who controls the British crown?Who keeps the metric system down?
We do, we do
Who keeps Atlantis off the maps?
Who keeps the Martians under wraps?
We do, we do
Who holds back the electric car?
Who made Steve Gutenberg a star?
We do, we do
Who robs cavefish of their sight?
Who rigs every Oscar night?
We do, we do
Lyrics taken from <a href="http://www.elyrics.net/read/s/simpsons-lyrics/we-do-(the-stonecutters_-song)-lyrics.html" rel="nofollow">this page</a>
http://www.lyricsdepot.com/hermans-hermits/theres-a-kind-of-hush.html
Music to your song.
How many times has it been quoted or said here in ZH, "He who exits first...exits best."
The race to the exits is on.
Sure looks like a waterfall/cliff.
I guess we'll know how far the drop is after we go over it.
I know a guy with a famous ( well, imfamous actually ) last name that claims he has a massive options bet on WTI that is deep in the money. He says his target is WTI = $28 to $26 and that we'll have sub $1.50 gas again real soon.
https://www.youtube.com/watch?v=s8VmJXcTTmk
The guy with the Layoff report will be real busy this week.
On the other hand, when 'it' DOES finally happen, ZH'ers will be the ones most prepared to deal with it as most of us are realists and planned accordingly...
...I hope?
If by 'it', you are referring to the Zombie Apocalypse, then yes, I am prepared.
What's the Cole's Notes version? I have yet to prepare.
Cover yourself in guts and entrails. The zombies will think you're already dead.
Yup. I know I won't believe this is it until something actually breaks and some big companies are filing for bankrupcy.
Unfortunately, no member of the "primary stealers" will be among the chapter 11 filers.
It's like a horror movie getting you all worked up with one false alarm after another. Then, just when you think it's safe to relax, the monster strikes and gore splatters everywhere.
Don't be the guy in the red shirt or the black guy or the stupid blond.
You have been warned the first and only time.
Whew, good thing I don't own any red shirts!
I agree... but just think of the fear instilled into all the evildoers and enjoy the ride
It appears that ZH and many of its readers are dreaming to see a US political & economic collapse and a following civil war.
Well, dear assholes, you are not any different from Libyans who were dreaming about Qaddafi death and now are having plenty of economic & political freedom and prosperity!
I think most of us would imagine a civil war to be a shit, evil nightmare, I know I do. Sometimes you just can't take yourself too seriously all the time because the outlook does look bleak and you'd drive yourself crazy.
.... dreaming to see a US political & economic collapse and a following civil war.
You been reading this site for 4 years and make a comment like that, you ar a fucking idiot.
In my case, it was a short drive! (Support Mental Health Week, or I'll kill you!)
Lucky for us that .gov, the banksters, and the media are destabilizing the nation without involving NATO. So far, anyway.
There's a big difference between 'dreaming about' a financial and societal collapse and predicting one based on facts, supported by history. Don't be too surprised when someone who is prepared for it lights your lazy, unprepared ass up while you're trying to steal their food.
Fucking retard.
Ms., don't you just love the ones who respond to your suggestion to prep with " I'll just come to your house!"
Any of them can show up anytime they want - so long as they realize that Mr. Sauer is the chairman of the welcoming committee.
Oh,........... I'll have to fall back to Mr Remington on my guest list.
And Ambassador Moss-berg will correct any mistakes that I may make.
I tried to get my family to prepare and the attitude was, "why? Someone will just try to steal it". I told them since that I used up my food stash...
When they STILL show up on yer doorstep, the first words out of yer mouth should be: "Did you bring any food?"
The U.S. political and economic collapse occurred years ago. What we've had has been something akin to the living dead (re: politics, see Trump and Hillary and re: economy... well... not sure what single thing to point you to).
whatever his shortcomings, donald trump does not deserve to be equated with hillary clinton.
I do not want a civil war. I know that it would likely lead to more people starving to death than getting killed on a battle field. I know that there are people who I like as human beings who would be fighting for things that I do not believe in. But you'd be a fool to not think that a civil war is a possible future for us.
Yes, I am happy at the prospect of an economic collapse, becaues I think it will bring into the USA's governance, more realistic thinking about what we as a nation can afford, and what we cannot. The sooner that America's ruling class realize that our current course is doomed, the better of we will be. The Potemkin Recovery of the last seven years has just led us further out onto thin ice.
The ruling class always knew. They hae been selling steadily into this top for the last five months. They fed the bull with QE grain to convince penson funds and mutual funds and 401Kers and corporations to BTFD. Well the suckers have bought it all so its time to slaughter the bull and take all their wealth. Deflation is pain and ruin for the debtor and cash poor but pleasure and success and power for the rich man with cash.
The "prospect" of an economic collapse? Nick my boy, we have been in an economic collapse since 2008. All that printing has been for one reason: to try and prevent said economic collapse proceeding to the next inevitable step: commercial collapse. That's the one where the food trucks stop running and the banks close down. That's what we are at hightened risk for right now. It could happen tomorrow, or it might take a few more years, I don't know. When it happens, it won't induce more realistic thinking, it will induce the Great Die Off. And there won't be any "nation" to be concerned about.
Be prepared.
On a shorter based timeline, a reality based approach, vs la la fantasy land, increases your survival rate. Renormalization is a good thing if you're paying attention.
Eat shit bitch, you are either prepared or you went long stocks. LOL Suck it troll.
The American Civil War has been going on for my entire lifetime.
I was, like ALL herein; -born in the midst of the conflict.
It is a War of factions stealing from and oppressing one another at every opportunity.
I do indeed dream of the day that the fighting and stealing and oppression cease, even it it must be brought to an end via a convulsion of unmitigated fratricidal violence.
can't speak for everyone but I saw the system broken in '08 by it's "leadership"....
we've already SEEN the US political & economic collapse!!!
What many of us have been watching and waiting for, day after day, ever since then, is the day the bullshit dies.
Only then can we move forward, hopefully, into an era of rebuilding...on a firmer foundation than the rotten underpinnings the republic currently rests upon.
WE are the patriots. You sir, are a fucking Sheep
Yes. There was coup on September 17-18, 2008.
That would be "another" coup. Following 9/11, Nov 23 1963, etc.
So, you're predicitng Owebami and Hitlery will bomb us?
Or ephedrine
sorry just got off a drug topic thread.
Perhaps that is why this IS it. We have become so complacent with the stock market's 6-year manipulated rally, and have grown accustomed to expecting a BTFD event to happen. And now people are almost guaranteeing the Federal Reserve to relaunch the Xerox machines...
I myself am having a hard time believing this is it due to what I've endured since 2009.
Just wait until the morning when the conga line of talking heads start screaming for Mr. Yellin to "do something".
I predict a dovish comment from Bullardish or Yellin Yellen calling for NIRP or QE4
Hilsenrath
(sounds like screaming Kahn)
Ditto. 7 years of shenanigans by the Central Banks is NOT going to be undone in ONE day.
DavidC
And why not, US stocks way too pricey - especially in "dying petro dollar" terms. Don't worry, the primary stealers will get US futures in line with the nikkei % decline before Monday's open - chump change, small price to pay for a riskless business model.
long tsar bomba: http://www.philiacband.com/propaganda.html
Nothing a rate hike can't fix, right Yellin?
Regards,
Cooter
Just look at Yellin and all these Banking Mafial leader faces. They are arrogant fucking fools. AS for our government, we are led by a Marxist community organizer who thinks he is Julius Caesar.
If the Obamatron were really smart, NOW is the time to restock the Strategic Petroleum Reserve!
They've been 'saving' the shit out of us for years. We're all 'saved' out.
Tuesday morning: "Look at me, I'm a market genius. Give me a huge bonus!"
Sunday night: "Bail us the fuck out, or the world will end."
Monday morning dow +1,000.
Bulls: see, you just gotta buy the dip. stawks under valued.
In Shemitah years, all bets are off. Buckle up.
would final solution end this cycle?
I'm all buckled up and have assumed the brace position. Is there anything else I should do?
Put a tube of astroglide in both pockets.
Yes.
Spread the word about this 7-year cycle. Perhaps if enough know it's coming, the purge by TPTB will come in a more benign manner (actual debt forgiveness than debt rape as is going on in Greece as an example) because the populace will be on to their game and simply be sitting on their hands when it comes. I have a feeling that quite a few are already sitting on their hands and saying "bring it".
The article linked below is well above my pay grade in knowledge (and beyond my ability to judge credibility in totality), but does have some nuggets that resonate, notably the above advice I carried forward above. To boot, it's spot on to what's starting to occur.
The Super Shemitah, Mayan Calendar and Kali Yuga Converge in 2015/2016http://cosmicconvergence.org/?p=10988
If that's true, then what's going now is just the opening salvos. This shit might drag out slowly for a few weeks, with a lot of volatility...then, BOOM. Between 9/11 and 10/12 I think, but most likely bt. 9/17 and 9/28.
First slowly, then suddenly...
Everything is fine.
Don't look at the stopped US Gov't Debt clock...
China doesn't need to sell Treasuries.
Neither does Saudi Arabia.
Not that engineering a top in Bonds to sell into makes any sense...
i'm sorry my panic sex meter must be running high. I read your last sentence as to "engineer a Blonde on top to sell sex"...
*sigh*
Turn on the passenger air bags too.
Buy heirloom seeds and put in a garden.
I hope spock gets his 7 year fuck on Vulcan soon, or else, we're all fucked.
Can we talk about more pressing issues like gay marriage and transgender rights?
Knock yourself out. I just find this shit more interesting.
How has this market crash affected hobosexuals and their next of kin?
By creating more of them.
+ 1, LOL
If you're so against gays having gay sex, why are you against the woman's right to choose?
<< How has this market crash affected hobosexuals and their next of kin? >>
They'll probably simply adopt moar Malawians.
When the train stops moving, just love the one your with.
Even if it is kin.
Good thing I have a fembot at home! :>D
No.
excellent trolling hitlary would be proud
WWKD? What Would Krugman Do?
Nope, no panic here. It's all shiny as far as the eye can see.....
"They" are short. "They" will go long after getting a call from the Fed saying QE4 will be announced in an hour.
Never fear, as Dow futures down 435, S & P fututres down 50, all the fear has spiked Gold and Silver to....oh wait they are falling too. Looks like a good old fashioned Gold raid in about 2 hours 45 minutes coming to a door near you.
I cant be the only one that sees that elites are pumping up the dollar in order to devalue assets - one last hoorah to steal wealth from bag holders before their god (dollar) gets killed.
let me simplify for the sheepfukkers out there, They are hoarding the gold with strong dollars.
see you on the other side.
But doesn't government have an obligation to keep Netflix and Tesla surging to all-time highs?
looks like they are all dogs
green by morning?
not green by morning?
Red. Fed has little left up its sleeve. A little upswing would initiate more selling.
I know a couple of combat vets from different eras. they have nothing up their sleavies, much like the Hampton s Feds, chatting with the Clintons..
Expect them pretty hung over in the morning.
Can not trust these mother fuckers, plunge protecting will going all out with your money.
I want to be able to tell my grandkids I was watching the moment it all happened.
Ive got an early conerence call with clients, so I should be getting ready for bed, but I just can't stop watching the train wreck......
Same here. I re-watched Margin Call earlier and just put some coffee on.
I still have a couple of months of cost averaging to do into my gold position. I am stying up for the sunday night 2:15 am weekly gold raid and may be upping my time frame. Hope thy get me a good deal.
I'm sure Michael will get us all a good deal.
Now get in the car.
Wish granted.
...and "I told you so"...(5 years early, but hey...)
I want to be able to tell my grandkids I was watching the moment it all happened.
Pretty sure you will still be here tomorrow to tell them. But I sure as hell wouldn't want to prognosticate what next week or next month will look like at this point...
If I were you I would be formulating a "forecast" for them in the event something disturbs your future abilities to obtain light, heat and communication(s) should they be absent for an indefinite period of time!
Hint: HFT daily halts to the index(s) will probably be the least of your's and your grankids worries!!!
Fuck that noise, I just want the planet to stay intact long enough to sustain our grandkids. Don't know how many more trips around the Sun are left in the tank.....
Step right up folks, the greatest, shittiest story ever told.....
Paging Shylocks of the world. We need you to manipulate harder!
Rather masturbate harder
Ah a bit coin fan boy.
6 years of QE & ZIRP down the toilet. Will this lower Bernanke's speaking fees?
In a deflation, the price of everything is chopped.
Got 100x leverage?