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"Black Monday" Brings Global Market Rout, Investors Mourn The Death Of Central Bank Omnipotence
Another day in ignoropia...
And a second clip - because we can - that seemed a perfect analog for mainstream media in the middle of today...
American Molly Huddle celebrates too early & loses bronze medal in world final of 10,000 meters. Biggest #EpicFail ???? pic.twitter.com/AC9iFEuUhj
— Asjad Nazir (@asjadnazir) August 24, 2015
It started in China...
Continued in Europe...
And then catastrophied in The US...
The crash in stocks at the open appeared as much driven by a collapse in USDJPY - JPY carry unwinds - which ripped back and lifted stocks...
Cash indices ripped back off the lows and Nasdaq 'touched' unchanged on the back of AAPL... before it all fell apart again...
As the end of the day loomed, chatter of QE4 (hope) and PBOC RRR Cut (hope) managed to ramp stocks... dragging S&P minis back to VWAP... (on heavy volume)
Some context for the drop today...
Everything is red post-QE3...
Energy stocks crashed, catching down to energy credit markets...which hit another record wide today...
"Inconceivable" - US financial stocks collapse to credit...
Catching up to credit...
Treasury yields plunged as stocks collapsed but as the PPT stepped in and rescued AAPL, so bonds got hit (with the long bond yield soaring to +4bps from -11bps at one point)... then as the weakness re-accelerated, yields plunged... 10Y traded with a 1 handle once again... and 30Y went out with a higher yield
The USD drooped most in 5 months today back to 7 month lows...
Despite USD weakness, commodities were all lower as we suspect margin calls necessitated widespread selling in everything...
Crude was utterly monkey-hammered back to a $37 handle...
One final thing... China opens in a few hours!!
Charts: Bloomberg
Bonus Chart: Blood On The Streets Of The World...
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we're gonna be displacing and falling back like crazy sons of bitchez...
This ain't your Grandpa's global debt market collapse!!!
As the end of the day loomed, chatter of QE4 (hope) and PBOC RRR Cut (hope) managed to ramp stocks... dragging S&P minis back to VWAP... (on heavy volume)
"she ain't gonna hold,capt"~ 3rd engineer Scotty
Outstanding
What happens tomorrow?
If tomorrow was Wednesday I could help you because that's Mickey Mouse Club Day and "Anything Can Happen."
However, tomorrow is Tuesday, which means it isn't Mickey Mouse Club Day so I can't help you.
So your entire weekly schedule consists of watching Mickey Mouse Club Day once a week? ;-)
today is thursday you know what i mean its gonna be a guest star day
Driving over to Germany tomorrow. (15 minute drive) and fill up my tank. 40 cents a liter cheaper there.
Expect a dead cat bounce tomorrow (+ 335), but it will be short lived. DJIA finishes the week down another nine (9) percentage points.
Its been a great day.
STarted off with 1000 point drop and gained back over 400 points.
LOL
Because up 400 after down 1000 is the new winning day.
panic
stampede
abyss
boy, i say boy, listen to me when i'm talkin to you boy. love me some foghorn leghorn. where's that dog i've got a bone for his head, bone head, bonehead. hahahhahahah
-773.5
Apparently, there's no shortage of deer images...but here's one more:
http://www.shefinds.com/files/2011/09/Deer-Head-in-Bed-536x400.jpg
I would like to bring to attention a 2015 New Year's article by The Economist, in the front cover there is a picture of two arrows labelled 11.5 and 11.3. Assuming they refer to dates of this year, and giving that the 11th of March and May have passed by without anything significant happening, then perhaps the 3rd and 5th of November, of this year, will spring a very nasty, unpleasant and deadly surprise?
Given all the subliminal messaging which heralded 9/11, are 3/11/2015 and 5/11/2015 dates for false flag terror?
http://www.zerohedge.com/news/2015-01-10/surreal-sinister-world-2015-according-economist
And the picture in question.
https://socioecohistory.files.wordpress.com/2015/01/economist_magazine_jan2015.jpg
Me so horny?
Standard Disclaimer: WTF?
Maybe..... 11.5 + 11.3 = 22.8
A heads up to those in the know to get your money out by 22 August???
Pretty fucked up cover in any case...
4000 points traveled! Has anything blown up in Asia since last yesterday?
Everything is fine. This guy says so. Hahahaha. I mean, rah rah rah!
http://finance.yahoo.com/news/5-ways-to-stay-calm-as-markets-plunge-1454...
5 reasons to stay calm as the stock market quakesThis is nothing like the 2008 crash.
The U.S. economy is looking good.
Stocks are still up sharply over the last 6 years.
The Fed can step in if things get really bad.
Bargains will materialize.
Did you read any of the comments on that? People aren't buying it. LOL.
I just wanted to congratulate everyone on doing their part today. The Fed bought massively as our proxy to try to prop things up. It's now on the public's balance sheet (the Fed's balance sheet in our behalf) - along with a bunch of shit Mortgage Backed Securities and all kinds of other cool stuff. F*CK THE FED !!
The Fed bought massively as our proxy to try to prop things up. Its now on the public's balance sheet (the Fed's balance sheet on our behalf.
Ever watch the movie Dave? Yeah, I'd really like my normal every day accountant to go audit the fed. What an eye opener that would be.
I'd like to see a full blown Forensic Audit. Maybe appoint someone like Neil Barofsky or William Black to head it as an appointed Inspector General.
Inspector General? I was thinking Special Prosecutor.
The Fed simply adds more money to its ghost accounts with Goldman Sachs. GS fires up the special PPT algo that buys the futures that trick the other algos into "buy" mode. The Fed's ghost account never exercises the options it purchases, even when they end up In The Money - they just let them expire and disappear.
Goldman Sachs makes commission on the futures sales, plus gets to front-run the PPT's special algo. The Fed "loses money", kinda. They just magically credited the trading account anyway, so nothing's really gone or even on the books anywhere.
This is done to keep the US stock markets from harm. It's considered a matter of National Security and is not subject to public view. It's the same as a top-secret Pentagon weapons system - absolutely highest priority and top secret National Security stuff. Not in any budget anywhere.
You aint seen nothing....yet.
https://soundcloud.com/h-mayor/bachman-turner-overdrive-you
It's all good man ...
It's "Black and Tan Monday" - POMO PREMATURE EJACULATION ...
https://www.youtube.com/watch?v=68ZO97QaKDk
Honest question - is ALL of that bad stuff that lost value in the 'meltdown' truly out of the system ? All those sub-prime mortgages, CDS's etc ?
Honest answer and I got it straight from Nelson. Ha Ha.
now this was a monday truly worthy of popcorn and massive herds of deer.
China might as well mail it in and not even bother opening tonight cause there is no way they can match the schizophrenic shit storm we just witnessed.
can't wait to see what tomorrow brings...
BATFD - buy ALL the fucking dips !
Thats right, take the advice of a braindead JARHEAD.
dutchboy, you've got to lay off the starter fluid, seriously
Thats right, take the advice of a braindead JARHEAD.
http://www.newnetherlandinstitute.org/files/2613/6700/9122/DISSING_THE_D...
navy man, but sempier fi do or die gung ho gung ho gung ho. roomie got killed in lebanon. fox hill bitchez
Not happy until I see deer vomiting rainbows!
when i was your age
the markets use to gap down a thousand pts....
Financial porn
After seeing the article headline picture several Fed officials (former Goldmanites) were heard to say; "Mmmmmmmm venison" <-------- in Homer Simpson's voice.
There's the deer photos...... ;-)
China opens in a few hours ... time to get more popcorn.
You rike flied lice?!!!
More crack cocaine too ...
no bitchez, no, we gotta have meth, crack no get me high no mo
Meth is for closers ... (and anyone willing to go down on Janet Yellen - that's a bitch too far)
me love janet too much, me do her long time, anting she want. 10 dolla
"Black Monday" Brings Global Market Rout, Investors Mourn The Death Of Central Bank Omnipotence
"This investor" ain't mourning let me tell ya!
Been waiting patiently for this for the last 5 years as this inevitably is only way the system will correct itself and the likes of Goldman, JP Morgan, Citi and Bank of America will finally get what they deserve.
Shuttered for Good and the miscreants who work for them executed or thrown in prison for life!
I'm with you Nemo, but Goldman, etc are TBTF... they'll get propped up because if we don't "the world will end", and they'll rush in Son of TARP or some damn thing.
If you think the central banks have no clue as to what is unfolding, you are sorely deceived. This is about a global currency and you will comply when its implemented, because you will have nothing left after this plunder. Welcome to total global control. NOVUS ORDO SECLORUM. All will bow to this evil.
NOVUS ORDO SECLORUM. All will bow to this evil.
MassDecep
You're conveniently forgetting those shiny colored metals that are bright yellow and silver that have been currency going on 4,000 years now that are like kryptonite to the heavy handed corruption that are the banks that have done everything in their power to distort it's true value going on decades.
To those who have none at this point I pity you.
Because while everyone else is holding that "global currency" that continues to look more like Zimbabwe every day in retaining it's store of value, I'll be bartering with like minded individuals that will be exchanging real wealth that not only serves as currency but has numerous properties in engineering and science that will always make it the sought after currency of choice!
I'm with ya brother
See if you can spot the odd one out: http://finviz.com/map.ashx?t=sec
"MGP Ingredients" up 4.61% for the day. Who are they? Among many things, a major manufacturer of alcoholic beverages.
+1
Thanks Tyler. Best explanation I've seen for all indices (stock,treasuries,dollar) during the entire trading day.
well that intervention probably cost the ppt about 500 billion and they lost 2/3 of it. if hang seng goes deep red tonight we could see another lock limit down.
the fed took a lot of head shots and body blows in that first round, larry. do you think they can stand that much punishment again in the 2nd round?
Agreed.
The kicking the FED got today is hopefully a sign of things to come. This casino has to be put outta business.
I bet they didnt spend a penny. It was long calls on AAPL that they bought and not that many of them. AAPL had an 18 percent round trip. Most of it on no volume. They unloaded for a winner today. I they also had some NTFLX, and FB.... not sure what else.
Geez.... China should open up tomorow...right ?
Asia and Europe should set things up nicely for tomorrow, might be eventful.
open up...
and puke?
bleed?
confess their sins?
say ahhh?
;-)
I'm so confused.
do you want me to numb those for you? numb,numb,numb,numb
They are cleaning the scotch or burbon vomit off the keys boards As the fun begins again in a few hrs
Shouldn't offshore derivative losses be kicking in? Credit exposure to oil?
That only kicks in if the bitch (Yellen) says it does ... and she says no, so it's no ...
Using .gov CPI calculator, the Dow is now below "real" all-time high of 11,497 ($16,468 2015 USD) in 1999.
Which is still grossly over stated. Doesn't consider the dozens of companies that have been removed from the DOW and replaced with "high performers".
The entire DOW and other indices are totally smoke and mirrors.
I wouldn't say it's the death of central bankers omnipotence. I'm sure they'll be omnipotent again tomorrow.
No need to worry, the Yeller just announced that this meltdown is contained to this planet.
The Intergalactic Bank of Andromeda will not be affected.
Intergalactic...
I love the multiple deer pictures. Very apres pos versus just the standard deer in headlights.
Those deer remind me of Jeb Bush talking to the public for Presidential nominee appointment.
hurray its deer day
FAZ +14.25%
yeah, the plunge protection team is probably beat all to hell. no worries, some rose, hookers, and blow and they will be ready to go, course they better hurry the party along because at 2100 hours there is a bad chinese moon rising.
Yes, and I already have the perfect theme song queued up ( :
https://www.youtube.com/watch?v=IShkL0LtyBI
Ode to the market:
https://www.youtube.com/watch?v=Zmzv5xJ4wE4
Please excuse me for being slow on the uptake, but what is "PPT"? That showed up between Friday and today, and I'm simply confused.
Plunge prevention team
They use fedbux surreptitiously to levitate markets.
https://en.wikipedia.org/wiki/Working_Group_on_Financial_Markets
Kevin Henry runs the Prop. Trading desk at the FRBNY.
and john henry drove the railroad spikes, till he didn't
Why does the headline say death of central bankers? Who do you think BTFD this morning? Mom and Pop saved the day? And just in time to check all the
margin calls that were surely coming. This move required massive amounts of liquidity on a globally coordinated, multinational scale.
The Fed just hoisted over the greatest scam in market history, which will be QE4.
Why does the headline say death of central bankers? Who do you think BTFD this morning? Mom and Pop saved the day? And just in time to check all the
margin calls that were surely coming. This move required massive amounts of liquidity on a globally coordinated, multinational scale.
The Fed just hoisted over the greatest scam in market history, which will be QE4.
I can't wait for tomorrow!...Oh wait, tomorrow never comes...
Well, it's tomorrow in Asia.
Right, hope tomorrow never comes...
Buy The Fucking Dip!
(trust me - POMO madness is coming)
(sell your children's organs and BTFD!)
(Krugman says it's ok)
I'm still pissed at what they did to the precious metals. They should have been up over 10%.
I'm guessing margin calls forced selling across the board and all classes.
Be interesting to know who was buying...
enjoy it while you can dear.
I am going for a bike ride now! Enough of this BS!
did my 5 miles running earlier, feel like the king of the world
A site to watch closely tonight:
http://www.cnbc.com/pre-markets/
See what happens in Asia tonight since PBOC has capitulated on direct equities support, but is talking about QE soon! Those two facts alone are an admission about the true state of their economy and their ability to stop reality. Faith is being lost that should have been lost many years ago.
DOW (MINI) FUTURES -752.00
Last Updated: Mon, 24 Aug '15 | 4:34 PM ET
S&P 500 (MINI) -99.50
Last Updated: Mon, 24 Aug '15 | 4:35 PM ET
Worth long term watching:
MSCI Emerging Market Index
http://markets.ft.com/research/Markets/Tearsheets/Summary?s=MIEF00000PUS...
yep. once the Dow goes below 15290, prepare to see the "cold breath" of a serious Bear Market.
here is another good live site. http://www.investing.com/indices/major-indices
you can watch the carnage spread with the rising sun
there's a lot of people making major liquidatiions to cover margin calls. margin debt was at huge levels.
ALSO, I follow your argument about reversal of carry trades. BUT IT DOESNT all happen at once. This morning, about 1 hour into the market - the entire momentum shifted in one major bounce. There is NO WAY to explain this, except by the action of ONE MAJOR PLAYER.
Really good point. Something I've been tracking as trigger events. The ones that can lead to possibly imploding everything. I have 5 types noted within 14 days. Not good at all.
The big fail points are obvious to most of us that comment here. It's the smaller ones with the unknown consequences in the rigged fake markets that may move it to that point much faster than planned or than anyone needs.
i'm going to top this excellent day off by watching dumb and dumber, to then be ready for the chinese red flag festival
That's as good as money, sir. Those are I.O.U.'s. Go ahead and add it up, every cent's accounted for. Look, see this? That's a car. 275 thou. Might wanna hang onto that one.
Harry and Lloyd should have been central bankers.
"Our mother has been absent, ever since we founded Rome, but there's gonna be a party when the wolves come home."
https://www.youtube.com/watch?v=agbCspmBSWk
PPT could not quite pull it off today. Look out below tomorrow. New paradigm: STFR instead of BTFD i.e. sell the fucking rally instead of buy the fucking dips.
So finally even the Fed and QE4 rumour couldn't save Dow from falling as the Nasdaq.
FAITH IN CBs...the Pope of OLIGARCHY MARKETS is dying.
Game changer!
A few weeks ago someone on ZH said a good hedge was Jan 16 QQQ way out of the money puts. I thought it was a good suggestion so I bought 1000 55 puts for .02 and 500 60 puts for .04. Sold the 60 puts last Fri at .10 and the 55 puts today at .16. Thanks, if the FED manages to prop this thing up this week I think I will put on the same trade.
Chinese farmers are heading back to the hills, having gotten burned at the capitalist casino. At least they still have their pigs, dogs, and women, so they won't starve.
when you think about it ... there's a lesson there.
Actually - their hills are polluted with mercury/lead/PCBs, their population to arable (usable) land ratio is horrible, their water situation is horrendous and their air is unbreathable ... but other than that, they're doing great.
http://www.treasury.gov/resource-center/data-chart-center/interest-rates/Pages/TextView.aspx?data=yield
So where exactly is the capital flowing to? I lost money on gold and silver today too. The dollar is down. Gold is down. Bonds are basically the same. Stawks are smashed.. Where is the cash going? Into all of the derivative bullshit that was never cleared form the books in 2008?people are selling assets to meet margin calls. the margin debt on the NYSE was extremely high.
Capital from sold stocks generally flows into money market funds, and then sometimes to other places like real estate, bonds, metals, even a bank.
Interesting points. But if you checked my link you would see that the capital did not go into UST bonds vis-a-vis money markets. It didn't go into USD, metals or oil either. Real estate? That is a fool's errand. No hedge funds that I know of save their cash in the small town local community banks or credit unions. All I see is another continuation of the rip-off that has been going on for the last century which was exacerbated by 2008. That capital is going somewhere but where? What happened today is something to take note about. It is not a healthy market and hasn't been for a long time now. Someone is getting margin called here and that is usually a big bank.
If the crash is already happening, or preplanned, then it's time to start worrying about the other than economic events during Shemitah.
I am not a soothsayer but Sept. 13.
I plan on cooking a good organic, non-GMO, grain-fed chicken curry that day. Walking my dogs on a pristine beach. Maybe take my shovel into the rainforest and doing some more "burying" of my pet rocks.
i mourn not
So WFH was that today? A new game in town? Obviously, PPT allowed it to happen, yet it certainly doesn’t fit the narrative for Sep hike. Then why risk it? Is there a political pressure building on the Fed for growing inequality or is this something bigger?
I think the PPT were active, they just couldn't stop it, although for a time it looked like they could. If the PPT was not in today, the Dow easily could have dropped 1500 to 2000 points.
IN other news today watch our Dutch Daphne Schippers come in second in the 100 meter. one meter more she would have had it.
https://www.youtube.com/watch?v=eKNi_JynHAU
The Dutch were always very good at running.
almost as good as Americunts being pussies.
And the women runners don't look like they have transplanted thoroughbred legs either.
True, but some of them have the teeth.
CNBC... get your shopping list out and start buying staaawks... uggggh.
Wall Street Invokes Obscure Rule to Prevent Crash
http://www.thedailysheeple.com/wall-street-invokes-obscure-rule-to-preve...
even the chinese are turning japanese - lol
Let me try to understand: the trigger for this latest round of rollercoaster fun was the chinese devaluing the yuan. So the fed/ppt response today was to intervene in a totally visible, heavy-handed way. Which signals to everyone (even economists) that the Fed won't be able to raise rates in september. Which causes the USD to drop against major currencies. Which will cause the Chinese to devalue the yuan again and we start the cycle again.
Control P is out of control.
Prepare for tumultuous Tuesday.
Bed-Wetting Wednesday
Thorazine Thursday
AND
SHIT IS ON FIRE Friday on deck......
i'm such a simpleton, i thought it was show your tits tuesday i thought janet yellen would get on tv and say go all in long or this shirt comes up.
I predict Green Tuesday. TPTB will buy the shit out of the dip. Banksters buying low, the Fed propping markets up. Muppets lose. Talking heads say, "See, everyone should have stayed in the markets."
I am starting to think this is the big one. If QE and PPT could just smooth everything over with ease than why is stuff blowing up in China? They must be worried about losing control.
and it's not even September.
let alone October.
you need to sit around and start asking ... which companies are gonna go bankrupt in the next 9 months? Because there is NO WAY that Uncle Sam can save all the US companies. And if "The Donald" becomes the next President, he probably won't save any of them.
This 2015-2016 Recession is going to be vicious. Truly vicious.
it could even be sid vicious
Vampire Squid Vicious.
.
or a viscous coupling
Big fall, there must be some real bargains out there now /sarc
Batten the hatches! No point in running because it’s coming your way! Stormbringer coming! https://www.youtube.com/watch?v=GSXhqLaWaq0
lower the topsails and reef the mains. double taper the jibs. its a blow comin matties
They didn't try at all on Friday. They barely tried today. This is sanctioned. If it was not sanctioned, GS would not be running their market crashing algo on the approriate schedule: At the close, In the middle of the night thin trading, and just before the open.
Worst part is, they're sitting around talking about how great it's going to be when thay are the new self appointed Kings of the World,
and how much everybody else's suffering and death is going to be worth it.
Jeez, Tyler can be such a buzzkill. If ya'll need some GREAT news just head over to CNN
Now is not the time to dump your stocks
http://money.cnn.com/2015/08/24/investing/stock-market-selloff-stick-wit...
Why the economy is OK, even if stocks aren't
http://money.cnn.com/2015/08/24/news/economy/economy-stock-market-plunge...
Don't worry about your retirement savings
http://money.cnn.com/2015/08/24/retirement/stock-market-retirement-savin...
$2 gas is coming soon!
http://money.cnn.com/2015/08/24/news/economy/two-dollar-gas/index.html?i...
:-D Happy days are here again!
time to get out was jult, like we did.
lmfao
My boss at work said that he's hoping for a rally in a week or 2 so he can get out of his 401k without losses. LOL Stuck on stupid.
Our Garden in the Netherlands yesterday.
https://www.youtube.com/watch?v=CsAN5vJEjeI
nice place
Thanks. love it here. Did't see any Muslims, hookers, or drug addicts in quite some time.