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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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No, it will lower the ropes toward his neck, though.
(It's a long list: Bernanke, Corzine, Dimon, Draghi...so many necks, so few lamposts)
Help us now!!!!! Free market patriots need gubmint help and need it now!!!
china down 8.5%; and in 12 days it hits zero
This will be green in the morning. Someone at the FED will hint at a QE or some variation of it.
The machines are going ape-shit since what is happening WASN'T supposed to happen; human beings can't think that quickly and working memory is limited to holding just 7 items at once before the thinking ability starts to crumble....
Is the shit finally hitting the fan?
Not yet. When the EBT cards stop working, then the crap will fly in every direction.
A Ferguson in every pot!
This time is different. Instead of 'bread lines" we'll have "chicken wings lines."
THIS.
Yes folks, THAT is when the zombie apocalypse officially hits. Until then, everything else is just a sideshow.
Some men just want to watch the world burn (and return to reasonable valuations)
What is it about that man that he can say something like that, and it gives one pause? If I said that, people would just laugh up their sleeves.
LOL!
Oh, I expect some FEDspeak, but Wall Street is likely eager to rake some 401K/I.R.A. chips off the green felt.
I mean, been 7 years since the last great heist; Skinner conditioning only works with the correct timed gaps.
This won't be a heist, it'll be the great train robbery, I hope they can find a big enough mask for Yellen.....
My US dollars are spontaniously combusting in my wallet and my ass is on fire
Rod of God.
It targets every port of entry.
We're all squirels. For the last six years I've been collecting nuts - what have you been doing?
Bustin' Nuts!
Deez Nuts?
Dat Ass
You called
Wauw
Going fucking nuts.
Black Sunday
These aren't large enough blocks to offset anything, so someone wants this down. I assume it's all to pressure the BOJ into more QE or to get the Chinese to start the QE rolling
Panic!...I can hear Janet Yellin' at the midget Bernanke all the way down here in The Republic of Texas. Give him hell, Janet. You were set up, Bitch.
I hope all the summer interns haven't gone back to school yet.
Somebody has to have a finger on the PRINT button 24/7.
(snikker)
Fear the Walking Fed
BLACK Monday starts in one hour from where I'm sitting.
Welcome to the Necropolis &
Z O M B I E E M P I R E.
Wait, let me get the pocorn first.
Let it burn already!
If this is the big one, I just want to say best of luck to you all, because you know at some time the web is going to go dark. If it's not and the fed steps in again, let's hope we don't go through this crap for another seven years.
I the net goes down, Fonestar will be very, very upset.....
Fonestar, upset, net down, I could only give you one grennie. here's another 100!
If you're seaside I'd keep a lookout for Bitcoin messages in a bottle.
Seriously, Doc, I don't know what is left for the Fed to do. We are basis points away from goose egg, and I am beginning to think that the curtain is lifting on this charade for too many people. I don't see the Fed being able to buy the "markets" back up while everyone knows what will happen the moment the money runs out. The lies have run their course, and the truth is leaking out.
At any rate, the half-life of CB intervention has grown so very short that there just isn't any marginal return on taking action anymore. Another QE would finally and completely expose the game for what it is - the fiscal plundering of America.
They can devalue/print to cover.
Sure, the dollar gets reamed, but what else is new?
Go negative on interest rates?
Neg interest rates are just another word for bail-ins. Freedom's just another word for nothin' left to lose. Looks like Janet's goin' to sing like Janet before it's all over. But Yellin won't get her Bobby McGee.
"Seriously, Doc, I don't know what is left for the Fed to do. We are basis points away from goose egg, and I am beginning to think that the curtain is lifting on this charade for too many people. I don't see the Fed being able to buy the "markets" back up while everyone knows what will happen the moment the money runs out. The lies have run their course, and the truth is leaking out.
At any rate, the half-life of CB intervention has grown so very short that there just isn't any marginal return on taking action anymore. Another QE would finally and completely expose the game for what it is - the fiscal plundering of America. "
https://en.wikipedia.org/wiki/Bernanke_doctrine
"
Bernanke doctrine[edit]Bernanke emphasized that Congress gave the Fed responsibility for preserving price stability (among other objectives), which implies avoiding deflation as well as inflation. He stated that deflation is always reversible under a fiat money system. Where currency is under a monopoly of issuance, or where there is a regulated system of issuing currency through banks which are tied to a central bank, the monetary authority has the ability to alter the money supply and thus influence the interest rate (to achieve monetary policy goals). Bernanke asserted that the Fed "has sufficient policy instruments to ensure that any deflation that might occur would be both mild and brief".[1]
To combat deflation, Bernanke provided a prescription for the Federal Reserve to prevent it. He identified seven specific measures that the Fed can use to prevent deflation.
1) Increase the money supply (M1 and M2).
2) Ensure liquidity makes its way into the financial system through a variety of measures.
3) Lower interest rates – all the way down to 0 per cent.
Bernanke observed that people have traditionally thought that, when the funds rate hits zero, the Federal Reserve will have run out of ammunition. However, by imposing yields paid by long-term Treasury Bonds,
He noted that Fed had successfully engaged in "bond-price pegging" following the Second World War.
4) Control the yield on corporate bonds and other privately issued securities. Although the Federal Reserve cannot legally buy these securities (thereby determining the yields), it can, however, simulate the necessary authority by lending dollars to banks at a fixed term of 0 per cent, taking back from the banks corporate bonds as collateral.
5) Depreciate the U.S. dollar. Referring to U.S Monetary Policy in the 1930s under Franklin Roosevelt, he states that:
6) Execute a de facto depreciation by buying foreign currencies on a massive scale.
7) Buy industries throughout the U.S. economy with "newly created money". In essence, the Federal Reserve acquires equity stakes in banks and financial institutions. In this "private-asset option," the Treasury could issue trillions in debt and the Fed would acquire it, still using newly created money. "
AND THAT IS JUST WHAT BERNANKE STATED PUBLICLY.
THERE IS MUCH MORE THAN CAN BE DONE.
-NONE OF IT AS GOOD/PROPER AS CLEARING THE SYSTEM OF UNPAYABLE DEBT AND ZOMBIE CORPORATIONS, AND SLASHING TAXES, & BLOATED .GOV BUREAUCRACIES AND ASSOCIATED OVERLY RICH .GOV PENSIONS AND BENNIES, IMHO.
That reminds me. I need to get my CO2 bottle exchanged tomorrow. Nothing goes worse together than Armageddon and flat beer.
Keep the faith and may God run with you all.
Like the Bluesbrothers, I hope.
Elwood: It's 106 miles to Chicago, we got a full tank of gas, half a pack of cigarettes, it's dark... and we're wearing sunglasses.
Jake: Hit it.
So, if I just carbonate my whiskey, I get the fizz without the water???
WHY DIDN'T I THINK OF THIS BEFORE??????
Dr. Engali,
If the web went dark that would stop the commerce of their filthy fleecing lucre.
MORE censorship yes.
They won't shut it down till civil war breaks out.
Then look out cuz they'll hit the smart meters on every utility.
Same to you. Take care of family and friends, pray before you go hunting, and work with those you can trust. Stand strong and don't let the towns and villages fall into the arms of a new empire.
Futures are going down hard and women in Minneapolis want to go topless. Not sure if it can get any better.
Last Updated: Sun, 23 Aug '15 | 10:54 PM ET
We haven't enjoyed a limit-down ass-kicking opening in 7 years. Can we please do it again tomorrow?!
The markets should just not open tomorrow. Skip a day.
Yeah, because closing the markets won't start a panic.....
I just bought some silver. Crpyto is not enough to protect oneself from this oncoming catastrophe.
Wow, a real come to Jesus moment.
Arnold was there. PRINT (the t shirt)
Mulligan Monday.
Tyler(s) : nice play by play updates tonight, I like the way you Roll !
Thank You
Selling into a thin, illiquid market. Sounds to me like some JPM traders hit the S&P ES accidentally when they actually intended to sell gold futures... When it rains it pours.
Joking aside, finally the start of some real market carnage. Things are getting fun again. The dear in headlights chart made me feel all warm and fuzzy inside the other day.
This is going to leave a mark.
S&P 500 Futures 1,931.65 -39.85 -2.02%
Nasdaq Futures 4,087.80 -112.95 -2.69%
Here's the DOW CFD
US 30 16,114.00 16,459.55 16,527.50 16,092.00 -345.55 -2.10% 3:07:41S&P futures crashing- not good
FUTURES Index Close Cur Future Change 1970.89 1931.0 -40.50 FUTURES FAIR VALUE (-3.71) Fair Val Close Cur Future Change 1967.79 1931.0 -36.79Last Updated: Sun, 23 Aug '15 | 11:05 PM ET
-7.83%
AAPL down moar then 6% right now.
Next up: 15,000 handle. Wow! That escalated quickly!
Edit: When I predicted -350 gap down at open on different post, I guess I was being generous:
Dow 30 -413 9:12p mountain
Expect supply disruptions.
European futures not doin' too bad themselves, CAC-40 for one down 7.05%, live here:
http://www.investing.com/indices/france-40-futures-advanced-chart
THIS IS THE CRASH TD, keep focusing on it and give us the details, before the worthless PTB halt trading tomorrow and close the exchanges, drowning us in their insane, concocted charade of central bank lies and manipulations.
http://www.investing.com/indices/us-30
This stopped moving for the last few minutes? Did it break? All the futures are just about lined up at -3.13% together as one.
Is there a 3x VIX that will look funny in the morning?
US 30 (DJI) 16,459.55 -531.14 -3.13%
Their live charts are sometimes 'frozen' at old prices: toggle a live, blinking index at a different location on the right, click 'technical' and then 'interactive' if necessary, and it will update:
http://www.investing.com/indices/france-40-futures-advanced-chart
Do you see a different number than I posted? Maybe the biggest losers and winners have a red icon next to them, while the ones with some meat have a green icon. These look forcefully frozen though. Just like VIX.
(VIX) 28.03 +8.89 (+46.45%)
(DAX) 10,124.52 -307.67 (-2.95%)
VIX is showing the same number on Bloomberg TV right now, hasn't changed from when I last posted? How long are futures open for? DAX changed at least.
Did VIX hit a circuit breaker?
Is the Fed letting this correct a bit or possibly pre-crashing it themselves so they have an excuse not to raise rates?
Fuck the banks , the Fed , all of them !!! crash mother fucker!!!!!!
Just made some coffee, I've been waiting for this since 2009
Oh my, my, oh hell yes!
https://brian.carnell.com/wp-content/uploads/2013/03/godzilla-fuck-this.gif
Anybody seen professor Jeremy Siegel today?
I mentioned FAZ was interesting on Thursday. But how can anyone be certain that they can get their money out especially when Jade Helm is nearly complete and the banksters are in position to take down the United States of America.
damn -382 now on dow futures.
FUTURES Index Close Cur Future Change 16459.75 16085.0 -382.00When.
Will.
They.
Learn?
Fucking eh boys, we've been waiting a long time for this. Good probability I stay up most of the night.
Was going to do the same. Already been preparing while reading the news about the SNORKS over the weekend. 50 subs are loose as this all goes down.
Still mad as I got burned last go around when everything was bailed out. Those triple inverse ETF's are all fun and games until the manipulators come in.
some people just wana watch the world burn
.
.
.
.
mostly b/c the world deserves it.
^^...
when the people that tear down 90% of the population to build themselves an ivory tower of fraud come crashing down, its a good day.
Suze Orcman's gonna be pissed.
I just might turn on Squawkbox tomorrow for entertainment value. Cramer should be balancing off the studio walls.
Hear hear atomizer! CNBC and their ilk till be going all fucktard tomorrow for sure, haha. Silver lining in all the chaos.
When do we hear "limit down"?
C'mon baby, c'mon!
By the time this is all over Trump will no longer be a billionaire. He will probably be just a mult-millionaire.
And our President...
Just some folks taking profits, or the beginning of capitulation, ask the talking heads on Bloomberg? Contrary to their spin, it really looks like reality is trumping the entrenched delusions. This is seismic.
Bloomberg has a pretty good app to follow the Asian meltdown.
I'm still waiting for China to halt trading...
It won't be a halt, but an "explosion" down the street that knocks out power to the exchange. Might take a few weeks to get a new transformer flow in and power restored to their "markets" as well.
The numbnuts on Bloomberg TV are trying to say people are still upbeat. WTF? They had trouble saying it with a straight face.
Yeah, some are crazy enough to say, "take advantage of this market weakness."
Gafaw...gafaw...gafaw....
Wow Michael O'Sullivan from Credit Suisse CIO is trying to pump this news on Bloomberg TV.
Cheap junk from China is good for US. US isn't invested much in China. Blah blah blah, what the actual fuck? Now I see why people want these people to be hung. Muppets, "By this dip its all good!".
Chinese SHCI hitting new lows for the day, now down 8.42% .... SUM TING FRUCKNG WONG !!!
wee tu lo
Dusting off my "Dow 15000" hat.
Remove the 1 and I will believe this is in crash mode. Will Zuckerberg still be a billionaire when FB goes under? I was young during the dotcom bust, but I will never forget what a complete gutting in the stock market looks like.
I am trying to enjoy myself and everytime I accidentally see the gold price I just get PISSED! Here we are looking down possible financial armageddon and rising tension between nuclear superpowers and gold is up a buck and change? Bitch please!
now its negative; it is not hedge against stock market drops
gold is a commodity, and we are in a commodities collapse of historic proportions
Gold sold off in 2008. Cash had to be freed up to meet margin calls. No one was too interested in buying the paper assets for a goodly price. Gold was the liquid asset. People/institutions/funds had to sell what others would buy. Same thing may be happening here.
All eyes are on China which looks to be in for an extremely bumpy ride as a lot more investors question the risk of holding yuan assets. The general consensus held by everyone from deposit holders in Hong Kong to high-yield-bond investors in Europe was this would continue. Over the years this has pushed along the misallocation of credit on a grand scale and continued the build-up of bad assets in the banking sector.
An estimate by Goldman Sachs has indicated China might be facing credit losses of as much as $3 trillion as defaults ensue from the expansion of the past four years. Nomura claims $90 billion left the country in July with the pace accelerating since the People's Bank Of China shocked the world by ditching its currency peg to the U.S. dollar. Capital flight for the first three weeks of August may be approaching $100 billion despite the use of harsh anti-terrorism and money-laundering laws to curb illicit flows. More about this shift and its implications in the article below.
http://brucewilds.blogspot.com/2015/08/chinas-massive-capital-outflows.html
So that means house prices in Cali will go even higher as a portion of the flood of money flows out of China?
Crazy.
China A50 down 8.4% may be the current downside leader in the world futures collapse and race to the bottom:
http://www.investing.com/indices/china-a50-advanced-chart
Crude oil looks like it will drop below $39 a barrel as well ... This is the shit hitting the fan ...
Every time the FUTS try to bounce they are met with furious selling. So, just the opposite of the last 6 years
That asia ticker not lookin too confident either
Here's a nice front row seat to watch the worldwide equity futures carnage live, before the statists with their wave of b*llsh*t bring everything to a halt tomorrow:
http://www.investing.com/indices/indices-futures
http://www.worldmarketsinfo.com/index_files/dowjonesfutures.htm
Thank you for that link.
Someone cut the elevator cables and the saftey brake isn't working.
What goes up so high must come down.
Some folks will be sitting at the wrong end of the long green table. Liberty is over - boys.
HSI is getting tity twisted.
If you're a construction worker in and around Wall Street, you best skip the hard hat and get yourself a shark cage.
There may be jumpers everywhere this week...
Johnny
Comforting to know Obama has our backs...oh wait...
Plunge, motherfucker.
Although, we all know Mr. Yellen and friends will eventually prop it up if things get too out of hand, right?
https://brian.carnell.com/wp-content/uploads/2013/03/godzilla-fuck-this.gif
https://brian.carnell.com/wp-content/uploads/2013/03/godzilla-fuck-this.gif
KEVIN HENRY - BATTLESTATIONS !
REPORT TO YOUR PPT TRADING DESK IMMEDIATELY !!!!
This is my top ticking indicator.
Some of those San Francisco homes are insane, but this is asinine.
http://www.realtor.com/realestateandhomes-detail/2425-Lunenburg-Rd_Lanca...
Uh yeah it has land, but it isn't actually buildable and it's on the edge of a huge quarry with blasting going on almost every day.
Oh, this is really gonna help consumer confidence!
I'd be puking right now if I had just closed on a home purchase.
Not if you were down-sizing
OMG, Dow Futures are at -460
10-15% will be absorbed by the public without panic
And that's the problem, people believe whatever the corporate/government media wants them to hear. Nobody seeks out alternative sources which, while they may be biased, at least do not have authors with a personal stake in ensuring any particular outcome.
The reason the current media are so effective is the process of telling half-truths: surface facts are presented truly and accurately while interpretations of these facts always serve the corporate/banker/DemoPublican agenda.
Bitcoin is taking it in the ass against/ Juan down -2.6%. Or am I reading this right? https://www.coinhills.com/dashboard/
Just checked
Dow -445.00 / -2.70% @ 9:58
LOL!
50-point swings in a matter of minutes are nauseating. Watch it live. What's up with Taiwan?
http://www.sgxniftydowfutureslive.com/index_files/DOWFUTURES.htm
Why isn't anyone just buying the fucking dip? Good grief. Things ARE a bargain compared to a week ago.
And what WILL the Fed do? They have NO FUCKING AMMO cause they were too ballless to raise rates by a measly .25 % when they COULD have. Fucking idiots.
Maybe Obama will comment? LMFAO
Pull up a 10-year Dow chart. There's a whole lot of air that needs to come out of that bubble.
http://3.bp.blogspot.com/-mYUntfzdT5I/UVc6XskVDQI/AAAAAAAABLY/tEfmLRZKK3...
The End
https://www.youtube.com/watch?v=1b26BD5KjH0
Long IG Farben
Zyklon B bitches
Whats funny is pm's are getting smashed just to be rampedmup by am. So transparent. These people just plain such ballz.
Question is when do we get ro use the guillotine? Charlene is getting lonely!!!
Patience is a bitch...
Pension funds and insurance companies, among others, can't survive a collapse like this: Yellin, the Rothschilds and the corrupt statists will be up all night changing the rules, and tomorrow or in days the world will see their surprise moving of the goalposts.
Won't have the option of nationalizing Fannie and Freddie this time.
franzpick - the sooner the reset happens the better off the future will be. One cannot fix the unfixable.
For those asking if this is it...no, this is not it. If Yellen announces QE4 overnight we will be up 1000 points tomorrow. It will be "it" when they announce QE9 and the market is down 1000 points
It won't work, and ordinary Americans know it.
If the Fed pulls anymore shit out of their warping asses this time, I think all hell will break loose.
People who ain't getting a goddamned thing out of their madness have had it.
m
I believe this is "it". If Yellen scrambles the helicopters, Wall Street will take that as a sign of economic collapse. It isn't a credit crisis this time.
if you listen closely enough, you can hear the faint muffle of the "untapering" approaching.......
That's the giant sucking sound.
This is the end, beautiful friend...the end.
Hope you planted your potatoes. Got H20? Precious metals like Pb?
Best get your ass out to Costco and Home Depot in the AM.
The US economy is headed for a massive collapse, on the scale of the unraveling of the Soviet system when capitalism was introduced there. But the collapse will be much longer and the climb out will be much less steep than that of Russia because there will not be an intact global market to sell goods and services to. To survive the citizens of the world don't need much more than a new currency system (based on mutual credit) to fill in the collapse of the interest-based national currency, decent physical health, and strong networks of family, friends, and neighbors to provide mutual aid during this dramatic scaleback of industrial civilization.
The new civilization will necessarily have to end the financially and economically taxing suburban consumerist lifestyle, whose support creates debt (mortgage, public, credit card) to prop up the monetary system and requires the construction of vast logistical networks to transport goods and services to all corners of the globe. In the future people will live in denser urban cores, or in compact towns connected to the urban cores by public transit. Suburbia is simply unfeasible as a lifestyle for most of the world's people. Rural population will also increase as a result of agriculture becoming somewhat less mechanized.
Unfortunately, for most obese, TV-watching Americans who have become physically and mentally soft from propaganda and the percieved need to give half their earnings to rent, interest, and profit for corporate/bankster bosses, this may be too much to ask for.
I go to goodwill to buy DVDs for $1.50 each on half-price satruday. I see so many Lexus's, Acuras, Escallades in the parking lot it's crazy. Four of the SEven Gap stores in the large metro region I live in are closing down. People driving Audis are buying clothes at Goodwill now!
EVeryone is a lot poorer than they let on. Everything is on credit and payments and "monthly nuts". It's all such bullshit.
I bought some cereal bowls at goodwill too for 25 cents each. Online the exact same bowl is $8 on Amazon. What the fuck?
All this the inexorable result of our debt-backed monetary system. An explosion in the wealth of the rich with stagnation and increasing debt for the toiling masses...
Whatever our other political views, I think that all of us can agree that the system that has placed us in subjection to the whims of the top 0.01% has to go.
This is always a very good clue to an imminent collapse. In Ireland the place was full of new shiny luxury cars, Iceland too. in Cyprus, a friend boasted that even "taxi cabs were mercs". Money doesn't grow on trees, but unfortunately DEBT money does, as much as you can fill your pockets with.
The fx adjustments are just a natural correction, but are a catalyst to the collapse of the overstated equities. The equities are alsso in adjustment from ridiculous back to market values.
Our current system in which 45% of all money goes into rent, interest and profit to prop up equity and credit markets can no longer continue. The debt-backed money system is ravenously eating away at our economy and livelihoods worldwide. The sooner this system collapses and we have global revolution against the 0.01% profiteers, the better. The business and political leaders of the world are united in their quest to subjugate us; we must likewise be united in resisting them.
Jump you fuckers!
As I sit here wondering where the last 4" of Jim Beam from this bottle went, I can't help but think about all the people who are going to commit suicide tomorrow because they will have lost so much "money".
If the US markets really do drop another 2 to 4% in one day (maybe more? - holy shit then!), there will be assholes who margined or levered up 10, 20, 50x and will be sitting on losses of MILLIONS - either their own money or their bosses.
A lot of these guys will choose death by this time tomorrow night, and that's it for them. So caught up in the money, the thrill, and it's all fake bullshit! I cant' feel sad for them, but it is kind of strange to think about. Hopefully they're getting laid and having a good meal tonight. What do they call it - Mammon? Soul collector...
I'd feel sorry for a guy offing himself after he took a real risk and built something. Someone clicking buttons that offs themself is entertainment
Nobody can argue with you about that.
Now shut up and get your ass back to work, you dumb fuck.