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"Black Monday" Brings Global Market Rout, Investors Mourn The Death Of Central Bank Omnipotence

Tyler Durden's picture




 

Another day in ignoropia...

And a second clip - because we can - that seemed a perfect analog for mainstream media in the middle of today...

 

 

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...

 

VIX explodeder...

 

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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Mon, 08/24/2015 - 18:23 | 6465865 AlfredNeumann
AlfredNeumann's picture

Thanks.  love it here.  Did't see any Muslims, hookers, or drug addicts in quite some time. 

Mon, 08/24/2015 - 18:29 | 6465887 Ginsengbull
Ginsengbull's picture

I've just got back from Amsterdam and while I was there I was sat in a cafe when I noticed a man coughing quite loudly but i just ignored him.
He started coughing even louder but I still just ignored him.
Eventually he began to cough and choke really badly so I jumped up and smacked him really hard on the back.
Anyway, it turned out he was just speaking Dutch.

Mon, 08/24/2015 - 18:35 | 6465910 AlfredNeumann
AlfredNeumann's picture

Yeah?  I live 45 minutes from Amsterdam and haven't been there in 3 years.   Too many fucking juvenile imbeciles like you here thinking its cool to get high legally.  

BTW, fucktards like you can barely speak English correctly.  Meanwhile most Dutch people speak 3 or 4 languages because children here start getting them in second grade.

I think you have only been to Amsterdam in your dreams, fucktard!!!!!!!!

Mon, 08/24/2015 - 18:38 | 6465924 stormsailor
stormsailor's picture

i hate people who are intolerant of other cultures, and the dutch.  

Mon, 08/24/2015 - 18:39 | 6465928 AlfredNeumann
AlfredNeumann's picture

Hey fucktard.  Too bad you didn't come around my home I so could place my size 10 brogans square between your nuts then when you were bent over in pain, I would take one of my wooden shoes and crack your skull open so I could watch the shit ooze out.

Mon, 08/24/2015 - 19:01 | 6466050 stormsailor
stormsailor's picture

you still snortin that starter fluid?  go plant some tulips you degenerate

Mon, 08/24/2015 - 17:34 | 6465652 norecovery
norecovery's picture

What is The PPT, please (for the education of us newbies)?

Mon, 08/24/2015 - 17:37 | 6465661 Youri Carma
Youri Carma's picture

Plunge Protection Team (PPT)

Mon, 08/24/2015 - 17:44 | 6465691 norecovery
norecovery's picture

Maybe it should be called the SMT (shit mopping team) after the SHTF.

Mon, 08/24/2015 - 17:50 | 6465715 IridiumRebel
IridiumRebel's picture

His Name is Kevin Henry

His Name is Kevin Henry

His Name is Kevin Henry

His Name is Kevin Henry

His Name is Kevin Henry

His Name is Kevin Henry

His Name is Kevin Henry

His Name is Kevin Henry

His Name is Kevin Henry

His Name is Kevin Henry

His Name is Kevin Henry

 

Mon, 08/24/2015 - 17:37 | 6465662 Tinky
Tinky's picture

Plunge Protection Team (seriously).

Your "free" markets in action.

Mon, 08/24/2015 - 17:42 | 6465665 BurningBetty
BurningBetty's picture

I see one more bounce before this thing gives way and plummets. That final bounce as we saw in 2007/08. The bounce of hope!

LETS GO TO MONAAAAACO!! 

Mon, 08/24/2015 - 17:41 | 6465676 Thisisbullishright
Thisisbullishright's picture

Looks like the stable environment of the Ukraine was the place to sit this one out today.

yeah....

 

Mon, 08/24/2015 - 17:41 | 6465678 Grandad Grumps
Grandad Grumps's picture

I fail to see why anyone would believe that this downturn is anything but under central bank (and its owners) complete control.

The banks bring it up and the banks bring it down.

Mon, 08/24/2015 - 17:43 | 6465683 joego1
joego1's picture

I love deer in the headlights. I'm so glad they are back.

Mon, 08/24/2015 - 17:44 | 6465688 AlfredNeumann
AlfredNeumann's picture

Led Zeppelin - Dazed and Confused (London 1969 Live Good Quality)

https://www.youtube.com/watch?v=IC6SwzXvyzw

Mon, 08/24/2015 - 17:52 | 6465721 mantrid
mantrid's picture

acutally that "Another Truck Hits That Massachusetts Bridge", if you think about it, is quite an illustration to this carnage, isn't it?

Mon, 08/24/2015 - 17:52 | 6465724 AlfredNeumann
AlfredNeumann's picture

 

The Moody Blues "Question/Ride My See Saw" Live-2000

 

https://www.youtube.com/watch?v=qDWy7MsIxSU

Mon, 08/24/2015 - 17:56 | 6465734 IridiumRebel
IridiumRebel's picture

Where are all of the faggot posters who would come on here and ridicule folks about all of the "money" they were making?

"You guys on ZH are so stupit. I been riding da Dow since (enter sub 8000 number here)."

LOOKS LIKE SOME FUCKERS HAVE BEEN SILENCED.

 

More to come MUPPETS! 

Mon, 08/24/2015 - 18:49 | 6465982 Manipuflation
Manipuflation's picture

That a boy IR.  Give them hell!  Good to see you again my friend.  I was reminded of our days back on marketwatch when we saw the charts going full retard.  I don't think people realize what is going on.  The S&P halted trades today for the first time ever?  That did not even happen back in 2008.  

That said, I should probably get the rest my cash out of the bank.  I don't trust ANY bank.

I hope you are well Sir.

Mon, 08/24/2015 - 17:59 | 6465758 Manipuflation
Manipuflation's picture

I am giving myself the Uncle Rico award.  For those who recall I did ask what everyone thought if I opened up one of those handy dandy online trading accounts with 10k and shorted the entire market for today.  I have been kicking myself all day.  I was more correct then I ever thought I was going to be.  I would have fucked it all up somehow.  I would have bought something like SDOW.  Woulda, coulda, shoulda but DID NOT.  I sure as hell hope you all made bank today.(and got it out of the bank)

I would have set my stop too short anyway and missed the real action.  And who really knows if that online trading shit works anyway?  I don't hear anyone here crowing much about doing online trading.  I really do not know that much about trading stawks but I have a basic understanding.  I don't know, why not just go to the casino and play blackjack and get it over with?  That is how I talk myself out of doing shit like that and 10k is a lot of money to risk on something that I am not 100% sure about.  I am already into physical precious metals and managed to get my ass kicked again today.  We all know they are crooks who run this shelll game.  

What I DO understand quite well is the silver market.  I know why I lost today.  It's all paper silver being flushed to cover shitty bets that the boyz made.  I am used to that.  OK, then I will buy some more then and keep doing so until no one will sell it.  Been there and done that.

There is one thing left that I have been watching for a quite while now.  It is the USD.  Of course I would notice that because I don't waste time looking at the falsified P/E ratios that "creative accounting" creates.  Pure bullshit all of that is.  The USD is way overvalued by orders of magnitude.  I am seeing some value in forex and some of you are too.  I am not sure but how far can this go?

 

 http://www.kitco.com/gold_currency/index.html?currency=rub&timePeriod=5y&flag=exchangeRate&otherChart=no

 

I know that it is more crap paper/digitz but I want to know how the fucking USD is worth so much more than the rubble.(sic)  There are other currencies that share similar characteristics but I keep coming back to the fact that dollar is WAAAAAYYYYYYYY overvalued.  Isn't that what China's CB just said?  The only country who is worse than the US is Britian.  Come on Britian you are a tiny fucking island with no resources so cut the shit and your old pal Gordon sold your metal 15 years ago and announced that he was going to sell it BEFORE he sold it.   

 

You know what?  I hope that my gold and silver and guns and ammo all go to ZERO dollars.  You know why?  Because that means this house of cards shitshow of a global "monetary system" has finally collapsed and we can start over though we will have to "minus" a few people first.  

I just talked myself out of participating in any of the shananigans again.          

Mon, 08/24/2015 - 18:14 | 6465826 lasvegaspersona
lasvegaspersona's picture

You should check out Gerald Celente on Greg Hunter's USA Watchdog on YouTube. He has something interesting to say about silver.

Mon, 08/24/2015 - 18:22 | 6465861 Not My Real Name
Not My Real Name's picture

Yes, Celente seems to have forgotten that silver has been money for 5000 years, just like that other guy ... what's his name ... oh, yeah: FOFOA.

Mon, 08/24/2015 - 18:40 | 6465935 Manipuflation
Manipuflation's picture

I have been buying and selling silver for 16 years now and gathering evidence of what money used to be.  I have no need to listen to "experts".  I will just sit back and watch the paper silver get flushed which will drive the price down and create a rush on physical which in turn will become very diffucult to find.  A few more trading days like today ought to do it.  Who is buying copper and how much?     

Mon, 08/24/2015 - 18:16 | 6465832 lasvegaspersona
lasvegaspersona's picture

dup

Mon, 08/24/2015 - 19:36 | 6466218 Tegrat
Tegrat's picture

Silver going to crash to sub $3 in real terms.  Be sure to turn into real money (AU) before reset. You can start here http://fofoa.blogspot.com/2015/06/silver-dollar.html to know why. There's a more recent article (the next one after) that to see how FreeSilver has failed also.

 

Just the messenger. Have a monster in sliver just in case it's wrong.

Mon, 08/24/2015 - 20:48 | 6466505 Not My Real Name
Not My Real Name's picture

Silver has been money for 5000 years. To believe that it suddenly will no longer act as money -- despite it still having all of the properties of money -- simply because central bankers and a few other "experts" say so is beyond laughable and greatly discredits those who try making the case -- including FOFOA, who I find to be otherwise well-versed in macroeconomics.

 

Mon, 08/24/2015 - 21:17 | 6466646 Manipuflation
Manipuflation's picture

Paper silver might.  Then again you are valuing in dollars.  Who gives a fuck?  What are the crates of 7.62x39 worth then?  And I have NO DEBT.  Do you?  Do you see?... it is not going to be me that is going to initiate anything but I will finish it if anyone comes close to my family.  I AM THE MESSENGER.

Mon, 08/24/2015 - 18:01 | 6465763 tarabel
tarabel's picture

 

 

Hurray for Ukraine and Botswana stock exchanges.

See, there is hope. Oncxe you're on the bottom of the sea, it's all up from there.

Mon, 08/24/2015 - 18:05 | 6465783 reTARD
reTARD's picture

Bridge hung too low, LOL.

Mon, 08/24/2015 - 18:40 | 6465932 stormsailor
stormsailor's picture

stop,stop, we to hi

Mon, 08/24/2015 - 18:55 | 6466013 J Jason Djfmam
J Jason Djfmam's picture

One Hung Low.

One Lung Ho.

Ahh that Benny Hill.

Mon, 08/24/2015 - 18:10 | 6465797 lasvegaspersona
lasvegaspersona's picture

I'm sure one good rumor is all it will take.

Mon, 08/24/2015 - 18:11 | 6465808 DaVinci
DaVinci's picture

Oh, cry me a river!

Mon, 08/24/2015 - 18:24 | 6465869 spoonful
spoonful's picture

Joe Cocker 1970

Mon, 08/24/2015 - 18:11 | 6465809 AlfredNeumann
AlfredNeumann's picture

Blood Sweat And Tears - Spinning Wheel (1969)

 

https://www.youtube.com/watch?v=Cb5EBAP6zPY

Mon, 08/24/2015 - 19:28 | 6466181 humble_man
humble_man's picture

Dude, learn some patience.  Hit save once and then wait a few seconds for it to post.  You have some good points, but I don't want to read them 3 times.

Mon, 08/24/2015 - 20:25 | 6466424 FredFlintstone
FredFlintstone's picture

i think he has a shit internet connection in his dutch paradise

Mon, 08/24/2015 - 21:14 | 6466634 Ginsengbull
Ginsengbull's picture

He has a point...

 

But you won't be able to see it if he lets his hair grow long.

Mon, 08/24/2015 - 18:11 | 6465811 DaVinci
DaVinci's picture

Oh, cry me a river!

Mon, 08/24/2015 - 18:11 | 6465812 AlfredNeumann
AlfredNeumann's picture

Blood Sweat And Tears - Spinning Wheel (1969)

 

https://www.youtube.com/watch?v=Cb5EBAP6zPY

Mon, 08/24/2015 - 18:12 | 6465815 AlfredNeumann
AlfredNeumann's picture

Blood Sweat And Tears - Spinning Wheel (1969)

 

https://www.youtube.com/watch?v=Cb5EBAP6zPY

Mon, 08/24/2015 - 18:35 | 6465912 Ginsengbull
Ginsengbull's picture

A nun, a blonde, a German and a Dutchman are sitting in a train compartment. The train goes through a tunnel, it's completely dark, and suddenly there's a slap. The train comes out of the tunnel and the Dutchman is rubbing his face. The nun's thinking: "The Dutch guy probably touched the blonde girl's breast and she slapped him, and rightfully so."

The blonde'sthinking: "That Dutch pervert probably tried to grope me, but got the nun instead, and she slapped him."

The Dutchman, still in pain is thinking: "The German obviously went for that blonde chikck's tits, and she hit me instead of him. That lucky asshole."

The German's thinking:"In the next tunnel, I'm gonna hit that guy again."

Mon, 08/24/2015 - 18:38 | 6465923 Teh Finn
Teh Finn's picture

SPOT ON.

Mon, 08/24/2015 - 18:47 | 6465966 AlfredNeumann
AlfredNeumann's picture

A nun, a blonde, a German and an Americunt are sitting in a train compartment. The train goes through a tunnel, it's completely dark, and suddenly there's a slap. The train comes out of the tunnel and the Americunt is rubbing his face. The nun's thinking: "The Americunt guy probably touched the blonde girl's breast and she slapped him, and rightfully so."

The blonde'sthinking: "That Americunt pervert probably tried to grope me, but got the nun instead, and she slapped him."

The Americunt, still in pain is thinking: "The German obviously went for that blonde chikck's tits, and she hit me instead of him. That lucky asshole."

The German's thinking:"In the next tunnel, I'm gonna hit that guy again."

Mon, 08/24/2015 - 18:46 | 6465959 AlfredNeumann
AlfredNeumann's picture

A nun, a blonde, a German and an Americunt are sitting in a train compartment. The train goes through a tunnel, it's completely dark, and suddenly there's a slap. The train comes out of the tunnel and the Americunt is rubbing his face. The nun's thinking: "The Americunt guy probably touched the blonde girl's breast and she slapped him, and rightfully so."

The blonde'sthinking: "That Americunt pervert probably tried to grope me, but got the nun instead, and she slapped him."

The Americunt, still in pain is thinking: "The German obviously went for that blonde chikck's tits, and she hit me instead of him. That lucky asshole."

The German's thinking:"In the next tunnel, I'm gonna hit that guy again."

Mon, 08/24/2015 - 18:49 | 6465979 AlfredNeumann
AlfredNeumann's picture

Spot On

Mon, 08/24/2015 - 18:50 | 6465988 AlfredNeumann
AlfredNeumann's picture

An Americunt tourist was in Amsterdam at the train station and took his  pants and shoes off at the ticket counter.

The lady at the counter said ''What are you doing sir'??

He said I need to count to 21.  

Mon, 08/24/2015 - 18:12 | 6465817 DaVinci
DaVinci's picture

Oh, cry me a river!

Mon, 08/24/2015 - 18:16 | 6465840 22winmag
22winmag's picture

Busy day at the gun store and the grocery wholesaler today.

 

I was one of many buying up everything in sight.

Mon, 08/24/2015 - 19:50 | 6466284 Manipuflation
Manipuflation's picture

You should have already had your guns and ammo by now but I like your style.  Food is always a good call.  Been doing some canning here.  Don't forget your jars and lids.

Mon, 08/24/2015 - 18:23 | 6465862 spoonful
spoonful's picture

The stock market is a one way bet --> up.  They'll find a way to protect the plunge by sacrificing a few witches like they did with Lehman.

Mon, 08/24/2015 - 18:25 | 6465873 FranSix
FranSix's picture

This hasn't been posted in a while:

http://youtu.be/Pvm-n6gwPCY

Mon, 08/24/2015 - 18:26 | 6465878 Moccasin
Moccasin's picture

There is still lots of room for the market to slip and slide. Pain???, not enough for gold to jump much. I am just waiting for the other moccasin to drop.

Mon, 08/24/2015 - 18:30 | 6465893 Manipuflation
Manipuflation's picture

How long before UST yields go negative on the short notes?  I think we are going to find out.

Mon, 08/24/2015 - 18:41 | 6465937 bugs_
bugs_'s picture

goodbye wall street bonuses - the most important result of QE

Mon, 08/24/2015 - 18:43 | 6465942 AlfredNeumann
AlfredNeumann's picture

http://tarpley.net/

Netanyahu Redoubles Effort to Save ISIS by Attacking Syria with Artillery and Jets; Israeli Warplane Reported Shot Down Over Syrian Territory; Iran and Syria Media See Netanyahu’s Bombing Campaign vs Damascus as Gambit to Inflame American Jewish Opinion Against Iran Nuclear Accord; Beware Desperate Actions by Netanyahu; Obama Returns to White House from Vacation Just in Time to #FireAllen4ISIS!

Mon, 08/24/2015 - 18:54 | 6466003 J Jason Djfmam
J Jason Djfmam's picture

That Nathan Yahoo, always whoring for attention.

Mon, 08/24/2015 - 18:59 | 6466040 smackdog
smackdog's picture

Tyler, you have so much crap loading on your website now it is almost completely unuseable with our Windows 7 and Windows 8.1 machines.  Just hanging and slow and contual annoying popups, etc.

Mon, 08/24/2015 - 19:05 | 6466072 stormsailor
stormsailor's picture

use firefox and download ad block plus, negative no t-shirt girl but thats the breaks

Mon, 08/24/2015 - 19:17 | 6466131 techpreist
techpreist's picture

Firefox + YesScript works great also. Much better experience.

Mon, 08/24/2015 - 19:20 | 6466146 Deathstar
Deathstar's picture

LOL< what popups? I have never seen one ever on here...

I use Firefox) ANY version works AND..

NOSCRIPT

Works like a charm, and keeps a lot of other asshole nasties out as well.

Mon, 08/24/2015 - 19:31 | 6466196 humble_man
humble_man's picture

Very simple....download Firefox as your browser, then add-on ADBLOCKER PLUS and GHOSTERY.  It's all free. 

Mon, 08/24/2015 - 19:02 | 6466058 Aloysius Snuffl...
Aloysius Snuffleupagus's picture

CME hiked the /NQ (and /ND) margin requirements (along with the yen futures).  Including maintenance requirements.  Uuh.  That isn't going help volatility...

Mon, 08/24/2015 - 19:07 | 6466080 Bazza McKenzie
Bazza McKenzie's picture

A big political strategic issue for the Fed is the timing of a market collapse relative to the US presidential election.

Do they let it happen now, well before the election and allow some time for an apparent recovery to help the Dems, or do they try to carry it post the election with the risk it collapses just shortly before the election.

Any collapse near to the election, either before or after, risks massive retaliation on the Fed from an incoming president and Congress.

If you're the Fed and recognize that the market has to collapse before long, now is probably a politically safer time for the Fed than any alternative.

Mon, 08/24/2015 - 19:07 | 6466082 NubianSundance
NubianSundance's picture

I wonder if the PPT is up against unfriendly HFT action from China, and losing.

Mon, 08/24/2015 - 19:12 | 6466105 ramgold2206
ramgold2206's picture

i personally put a significant chunk of my fiats into physical gold in June and ironically took delivery of my bars this morning, just as the shit was hitting the fan... while im not in "profit" I sure felt much better this morning holding a stack of that AU than I did in 15 Sept 2008...

 

www.teamramgold.com/about-us

Mon, 08/24/2015 - 19:26 | 6466168 humble_man
humble_man's picture

-1   This guy is a spammer and he is playing you. 

Mon, 08/24/2015 - 21:08 | 6466605 Manipuflation
Manipuflation's picture

Well, here is a potato medal.

Mon, 08/24/2015 - 19:17 | 6466134 Deathstar
Deathstar's picture

If there are any black hat hackers out there reading, please posse up your friends!

We NEED you!

We need the hackers to take out the Plunge Protection Teams' algorithms AND/OR their ability to manipulate the market.

In this desperate hour of government intervention idiocy, we need heroes to usher in a new era of REALITY back into the markets!!!

HELP WE NEED YOU NOW!!!

Mon, 08/24/2015 - 21:08 | 6466603 wisefool
wisefool's picture

Not a black hatter, but during this crisis I have learned that most of the newsbabes are grey. touch the roots with black and blaze the blonde as appropriate.

Specifically: megan kelly is on now and I am no longer sure she is a J.D. much less a tax "goons with guns" LLM

Mon, 08/24/2015 - 19:25 | 6466166 The Greek horse
The Greek horse's picture

I had a great day in the Forex market!!!! RUN AWAY from the crony capitalistic game it's 100% percent rigged.. I look at these people who invest in the stock market as fools.. Go to Atlantic City and invest there at least you get free drinks!!!

Mon, 08/24/2015 - 19:47 | 6466260 Manipuflation
Manipuflation's picture

So you are another one of those guys who cares about what we do with our money?  Why go all the way to Atlantic City when I can go over and visit the fine folks at the Mille Lacs Band of Ojibwe casino and lose money.  I would go just to eat the king crab legs but they had to cut costs so now you get snow crab which is nothing but shell.  Fuck that.  Then you go onto the casino floor and it is just old fuckers pissing away their social security checks.  You look at the "high roller" five dollar blackjack tables and there is no one else playing which makes it hard to count cards.

OK, I talked myself out of going to that casino shitshow too.  I see no value.  I don't see any value here either http://www.nasdaq.com/symbol/fb   That piece of shit operation produces nothing but people bitching at each other about who knows what.  I wouldn't give one zinc cent for the whole thing.    

Mon, 08/24/2015 - 20:13 | 6466386 The Greek horse
The Greek horse's picture

The Great Deformation it's a book, but after reading that it opened my eyes.. I just don't see how the average american stands a chance in the stock market? Goldman Sachs and JP Boys run the show its also shows the participation rate is the lowest it's ever been! The Forex market is probably the closest  you going to get to a free market.. Not that it is but I rather go to Las Vegas and gamble, free drinks, food, etc.. lose money and pay for a hooker at least I spend ed my money the way I intended to do so... FUCK THE ZIONIST BANKSTERS if i could I would even pay taxes...

Mon, 08/24/2015 - 21:06 | 6466596 Manipuflation
Manipuflation's picture

Alright, that is a fair statement Greek horse.  Honestly, I do not think I can win no matter what I do.  We are all constantly getting fucked in the ass.  Today was a perfect example of that.  I want to know where the fucking cash went that was pulled out of the market today....and last week.  What the fuck?  Where did it go? 

I will retract my earlier statement towards you.  We get a lot of assholes around here so vetting is a good thing.  Take no offense.

Mon, 08/24/2015 - 21:17 | 6466643 ThrowAwayYourTV
ThrowAwayYourTV's picture

The Hedge Funds got it. Remember? Up or Down the Hedge Fund win.

Mon, 08/24/2015 - 23:39 | 6467156 Manipuflation
Manipuflation's picture

The hedge funds propped it up today is all.  There is something ugly.  Someone is pissed off.

Mon, 08/24/2015 - 19:26 | 6466167 Pipetex
Pipetex's picture

Well, this pretty much says everything about today... by the man himself.

 

https://www.youtube.com/watch?v=pDxn0Xfqkgw

 

 

 

Mon, 08/24/2015 - 19:30 | 6466195 ThrowAwayYourTV
ThrowAwayYourTV's picture

Typical MASSHOLES. Dont stop to see if anyone got hurt or if evryone is ok.

Just immediately turn your cars around behind the accident and leave right away.

Dont want to be late for your drive thru meal at Taco Bell.

Mon, 08/24/2015 - 20:01 | 6466333 messystateofaffairs
messystateofaffairs's picture

after carefully weighing the situation, and as an expert who has never owned a stawk in my life, my advice (free) is sell everything and run screaming for the exit.

Mon, 08/24/2015 - 20:07 | 6466360 AuEagleNest
AuEagleNest's picture

The nyxdata.com website shows there was $505 Billion in margin debt at the end of June.

Does anyone know of a weblink that shows how much margin was called in today?

 

Mon, 08/24/2015 - 20:57 | 6466435 Manipuflation
Manipuflation's picture

You are missing the point Sir.  It was a major bank that was margin called.  My guess is that it is US bank and I will point the finger at BOA to start.  After all, didn't they absorb a shitload of worthless derivatives that were derived off of mortgage backed securities?  I can't say for sure.  Maybe it is Nomura?  Fuck if I know but markets don't behave like they did today unless something is really fucked up.  We mere mortals can't move the markets like that.      

Mon, 08/24/2015 - 20:56 | 6466390 Manipuflation
Manipuflation's picture

I think IrridiumRebel hit the nail on the head.  Not so many smartasses out there tonight are there?  Aww, what happened?  I think IR is correct when he asserts that is not over because all I smell is blood in the water and I have no debt and I don't think he does either.  This whole thing could very ugly fast and it needs to.  I am sorry about that and I have taken my lumps over the years but what did I say, I HAVE NO DEBT, yeah, that is what I said.  I am not as stupid as most people think and I am watching very closely how that will all play out. 

There never was a recovery from 2008 because it was just kick the can down the road.  The chicken might be coming home to roost this time and if you are underwater you are going to feel it.(I like chickens because they are pretty fucking efficient machines at finding something to eat)  I might not be correct today but it is coming.  Some of us have been very patient and prudent.

 

Mon, 08/24/2015 - 20:23 | 6466404 Spiritof42
Spiritof42's picture

When all the world is your stage, this is the greatest show on earth. 

What keeps racing through my mind is that without the Ponzi inflation we've had for the past 60 years, prices would be somewhere where they were in the 40s. To my mind, that's where they are going. I'll take a guess and estimate it'll take about 6 years.

Mon, 08/24/2015 - 20:34 | 6466453 Deathstar
Deathstar's picture

If there are any black hat hackers out there reading, please posse up your friends!

We NEED you!

We need the hackers to take out the Plunge Protection Teams' algorithms AND/OR their ability to manipulate the market.

In this desperate hour of government intervention idiocy, we need heroes to usher in a new era of REALITY back into the markets!!!

HELP WE NEED YOU NOW!!!

Mon, 08/24/2015 - 20:35 | 6466456 Deathstar
Deathstar's picture

If there are any black hat hackers out there reading, please posse up your friends!

We NEED you!

We need the hackers to take out the Plunge Protection Teams' algorithms AND/OR their ability to manipulate the market.

In this desperate hour of government intervention idiocy, we need heroes to usher in a new era of REALITY back into the markets!!!

HELP WE NEED YOU NOW!!!

Mon, 08/24/2015 - 20:45 | 6466496 Spiritof42
Spiritof42's picture

Why get in their way. The harder they try, the faster they bring the markets back to reality.

Mon, 08/24/2015 - 21:12 | 6466621 ThrowAwayYourTV
ThrowAwayYourTV's picture

Correction Over !!! Futures Going Vertical !!!

All is Well !!! All is Well !!!

https://youtu.be/S-LltgOtFSg

Mon, 08/24/2015 - 21:21 | 6466662 Ban KKiller
Ban KKiller's picture

Pass out the nail guns. James Comey would approve. 

Mon, 08/24/2015 - 21:22 | 6466667 q99x2
q99x2's picture

Bitcoin $203. Getting close to buying time. No No I will wait to see it at $100.

Mon, 08/24/2015 - 21:25 | 6466684 Eahudimac
Eahudimac's picture

Somehow, someway, whether it be QE4, PPT taking a majority stake in all of the S&P 500 companies, or Yellen whips it out at the next FOMC meeting, I bet within the next 4 weeks all indices are breaking new all-time highs. How could this not go on indefinitely? When you have central banks quietly buying up treasuries and shoving money into hedge funds formally known as TBTF banks, they could keep this up for years. I hope I am wrong, but goddammit, they've been pulling it off for since 2009. 

Mon, 08/24/2015 - 21:26 | 6466695 Clowns on Acid
Clowns on Acid's picture

Was Janet Yellen driving that truck while sitting on a couple of telephone books and bricks three deep on the accelerator ?

Tue, 08/25/2015 - 00:57 | 6467314 401K of Dooom
401K of Dooom's picture

Hey Tyler, you know what this reminds me of?  Remember back in Junior High school?  The fun of 7th grade and trying to fit in?  Well just think of the Chaos that would happen if the following occurred:  All of the students suddenly came down with diarrhea and then the most popular girl in the class just had her note to her best friend confiscated byt he teacher.  In a fit of spite, the teacher decides to read the note to punish the popular girl while the class writhes in agony.  That is what this market reminds me of.

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