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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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Thanks. love it here. Did't see any Muslims, hookers, or drug addicts in quite some time.
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.
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!!!!!!!!
i hate people who are intolerant of other cultures, and the dutch.
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.
you still snortin that starter fluid? go plant some tulips you degenerate
What is The PPT, please (for the education of us newbies)?
Plunge Protection Team (PPT)
Maybe it should be called the SMT (shit mopping team) after the SHTF.
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
Plunge Protection Team (seriously).
Your "free" markets in action.
https://en.wikipedia.org/wiki/Working_Group_on_Financial_Markets
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!!
Looks like the stable environment of the Ukraine was the place to sit this one out today.
yeah....
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.
I love deer in the headlights. I'm so glad they are back.
Led Zeppelin - Dazed and Confused (London 1969 Live Good Quality)
https://www.youtube.com/watch?v=IC6SwzXvyzw
acutally that "Another Truck Hits That Massachusetts Bridge", if you think about it, is quite an illustration to this carnage, isn't it?
The Moody Blues "Question/Ride My See Saw" Live-2000
https://www.youtube.com/watch?v=qDWy7MsIxSU
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!
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.
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.
You should check out Gerald Celente on Greg Hunter's USA Watchdog on YouTube. He has something interesting to say about silver.
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.
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?
dup
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.
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.
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.
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.
Bridge hung too low, LOL.
stop,stop, we to hi
One Hung Low.
One Lung Ho.
Ahh that Benny Hill.
I'm sure one good rumor is all it will take.
Oh, cry me a river!
Joe Cocker 1970
Blood Sweat And Tears - Spinning Wheel (1969)
https://www.youtube.com/watch?v=Cb5EBAP6zPY
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.
i think he has a shit internet connection in his dutch paradise
He has a point...
But you won't be able to see it if he lets his hair grow long.
Oh, cry me a river!
Blood Sweat And Tears - Spinning Wheel (1969)
https://www.youtube.com/watch?v=Cb5EBAP6zPY
Blood Sweat And Tears - Spinning Wheel (1969)
https://www.youtube.com/watch?v=Cb5EBAP6zPY
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."
SPOT ON.
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."
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."
Spot On
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.
Oh, cry me a river!
Busy day at the gun store and the grocery wholesaler today.
I was one of many buying up everything in sight.
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.
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.
This hasn't been posted in a while:
http://youtu.be/Pvm-n6gwPCY
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.
How long before UST yields go negative on the short notes? I think we are going to find out.
goodbye wall street bonuses - the most important result of QE
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!
That Nathan Yahoo, always whoring for attention.
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.
use firefox and download ad block plus, negative no t-shirt girl but thats the breaks
Firefox + YesScript works great also. Much better experience.
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.
Very simple....download Firefox as your browser, then add-on ADBLOCKER PLUS and GHOSTERY. It's all free.
CME hiked the /NQ (and /ND) margin requirements (along with the yen futures). Including maintenance requirements. Uuh. That isn't going help volatility...
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.
I wonder if the PPT is up against unfriendly HFT action from China, and losing.
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
-1 This guy is a spammer and he is playing you.
Well, here is a potato medal.
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!!!
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
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!!!
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.
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...
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.
The Hedge Funds got it. Remember? Up or Down the Hedge Fund win.
The hedge funds propped it up today is all. There is something ugly. Someone is pissed off.
Well, this pretty much says everything about today... by the man himself.
https://www.youtube.com/watch?v=pDxn0Xfqkgw
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.
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.
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?
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.
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.
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.
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!!!
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!!!
Why get in their way. The harder they try, the faster they bring the markets back to reality.
Correction Over !!! Futures Going Vertical !!!
All is Well !!! All is Well !!!
https://youtu.be/S-LltgOtFSg
Pass out the nail guns. James Comey would approve.
Bitcoin $203. Getting close to buying time. No No I will wait to see it at $100.
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.
Was Janet Yellen driving that truck while sitting on a couple of telephone books and bricks three deep on the accelerator ?
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.