This page has been archived and commenting is disabled.
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.
»
- 183759 reads
- Printer-friendly version
- Send to friend
- advertisements -
The same "work" where half of our productivity goes to the unearned income of others? Why should we continue spending half of our working days serving the profit system?
Those who still feel that by working eight hours a day to make profit for a corporate boss, interest for bankers, and rent for proprietors, that they are achieving something, are the real "dumb fucks". Nobody is obligated to support this corrupt economy.
https://research.stlouisfed.org/fred2/graph/?g=1Gla
... and it could be possible they all have a collective total of 47 bazillion dollars worth of life insurance contracts and their families will receive the life insurance proceeds.
And then you'll be back here again tomorrow, complaining about how their worthless undeserving bitch wives and snotty nosed children profited from their deaths.
I was just trying to explain where the last 4" of Jim Beam from your bottle went.
Anyone around 55+ and over can suck on Deez Nuts for the stock market gains yall have stolen from my generation. 08 was just a hiccup with how fast you made that money back. ALL I see when I see stocks and houses is your inflation.
Get up outta that chair and walk on your own legs or stumps or what have you, you dumb fuck.
FED is going to "monetize" the market because thats how fucking arrogant and omniscient she thinks she is (they are). I hope the shorts come out and hand this Keynesian bitch her ass and sell every fucking rally to the 200 day HARD - OVER AND OVER for as many times as she thinks she can make this price discovery go away with freshl;y minted FRNs.
She deserves every bit of this. Her fucking retarded analyses on employment factors and this and that and something else, are, aren't maybe, maybe not - well FUCK OFF THEN is what Mr. Market is saying to her. If this is what stupid is, then this is what stupid gets! Especially really fucking stupid. How's that fucking Yale Ph.D werkin fer ya now? - my guess is NOT WORTH A SHIT!
Fucking clown.
Right on.
bowwow
CBOT Dow Futures down 500 points at 10:25 PST
Fast-forward to about 1:30 on the video clock counter. :o)
https://www.youtube.com/watch?v=ycYHjlAiQXY
Scary to think you can go to sleep Sunday night and wake up Monday morning to a Fed announcement the Dolla is devalued 40%.
oi vey!
But for some reason this particular beatdown during illiquid hours for once isn't a conspiracy by the Fed or JPMorgan or all those other people who are trying to ruin our lives?
there will be masive deleveraging tomorrow. There will be redemtion request from hedge funds and capital markets, conduits will liquidity events.
Repo is going to be scarce and crazy cds premiums are to
They'll take rate cuts off the table and stocks will open in the green.
Rates are alreday off the table. Last week sealed that deal. Today will nail the lid shut
From The Doors...When the Music is Over...
"So when the music's over
When the music's over, yeah
When the music's over turn out the lights
Turn out the lights, turn out the lights"
The music isn't over. The music is just getting started.
CENTRAL FUCKING BANKERS/BIG FAT FUCKING GOOMAMINT - FUCK THE LOT OF YOU!!!!
We may just live to see that happen. Their hellish plan is interrupted.
Iran is the world's Samson Option if The Cry Baby can't play nice.
http://www.presstv.com/Detail/2015/08/24/426073/US-Congress-Iran-Nuclear...
"Even if Congress votes this deal down, and I sincerely hope they will, the rest of the world has moved on in terms of the money flow," she told NBC on Sunday.
"[China and Russia] have wanted, for a very long time, to open the Iranian economy. They're in there. So are the Europeans,” she added."
https://www.youtube.com/watch?v=8yvGCAvOAfM
30 secs to Mars - Bury Me > Rothschilds new address can be at teh base of the Georgia Tombstones. (what. the. fuck.)
https://www.youtube.com/watch?v=8yvGCAvOAfM
I betcha they close the market today. Look out below
Where's Steve Liseman to tell us everything is good? Paging Jim Crammer....
Next question should be, will Dow 16000 hold? For the short term maybe, longer term NO.
There's no place to run. Sure, sell your stocks and buy bonds - @ 2% yield. It's better than nothing. But CDs. Forget it. A lot of people are going to lose a lot of wealth because they will stay in the stock market.
Just read a what-to-do article in the Cleveland paper. Don't panic, the markets go up and down. Allocate 70 percent to stocks, 10-15 percent to bonds. Go shopping for bargains. Buy dividend stocks, they pay even if the price per share goes down. Don't look at your account too often, it might put you in a "sour mood".
And this is why people are going to get fucked listening to the media.
Most investors think that even if things go downhill fast that they will be smart enough to get out of the markets. After the debacle in 2008 where they saw the market do nasty and violent swings they learned a few things, this time they figure they will make the right moves before it is to late. But what if it hits like the flash crash on steroids?
For a long time I have been trying to develop a scenario for a market "super crash" and a reasonable map that would arrive at such a situation. Below you will find more on why this scenario could happen. We know that can't happen because circuit breakers have been put in place to arrest panic style moves, but imagine a market that falls, trade is halted, and the market simply does not reopen for days, or even weeks.
http://brucewilds.blogspot.com/2013/01/flash-crash-on-steroids.html
Schadenfreude
LOL..meanwhile, on Fox & Friends, they're discussing some marriage on Duck Dynasty that got big ratings. The sheer ignorance of the vast majority of people is as astounding as the past three business days. Bet, I will ask co-workers today, "You see what's going on with the market?" and get the deer in headlights look.....most have not a clue.
Hell, over half the adults in the U.S.A. have never sunk one penny in the financial markets. Why would they 'have a clue', and why would they even care?
Of course, they gamble all their money on slot machines instead, which is really just about the same thing as investing in the fucking stock markets.
Plunge Protection Team Assemble!!!!!
Holy fuck futures down 611, Nasdaq down over 200. Forget 16000 holding , time to watch 15000. 655 now and dropping like a rock. http://www.cnbc.com/pre-markets/
I hope the market completely crashes, maybe it will cause us to realize how much time and effort etc. we waste during our lifes on this utter bullshit.