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"Biggest Rally Of 2015" Crashes Into Biggest Reversal Since Lehman
Did you drink the Kool-Aid?
It appears not everyone did... The first 6-day losing streak for the S&P 500 since July 2012...
The S&P 500 has gapped up +3% and closed down on the day only once since the inception of the futures, 10/16/08 (h/t @sentimenttrader)
Call that a bounce-back...?
Across asset-classes the last 2 days have been 'eventful' to say the least...
The Dow is down almost 700 points from the post-PBOC highs!!!
Stocks bounced, half-heartedly... but Nasdaq was on target for its best day of the year... (and best since the first trading day of 2013's meltup) before they puked it all back in the last hour...
Cash indices remain red on the week as once again Nasdaq was driven up to unchanged before the selling pressure resumed..
While we are well aware of the 'hope' priced into this rebound, the actual gains from the China rate cut
VIX was total chaos...
None other than Eric Hunsader summed it all up perfectly...
U.S. Stock Market back to trading like a banana republic
— Eric Scott Hunsader (@nanexllc) August 25, 2015
What was really driving stocks today was simple - USDJPY fun-durr-mentals...
Utes were worst today (as rates soared) and Tech remains the winner on the week - though all S&P sectors are under water...
Still financials did not look overly excited...
Treasury yields were battered higher today - biggest rise in 10Y yields (13bps) since Feb 2015...the late-day selloff in stocks put a modest bid into bonds... We can't help but wonder if this move is rate-lock-buying ahead of panic-last-minute corporate issuance before rates go up in Spetember
The US Dollar was bid as EUR weakened but JPY was critical...
Commodities were mixed with crude and copper bouncing back in anticipation and comfort at the rate cut as PMs dumped as the USD levitated...
Charts: Bloomberg
Bonus Chart: We're Gonna Need Another Rate Cut...
Bonus Bonus Chart: Is China really to blame?
Bonus Bonus Bonus Chart: Trade Accordingly...
/ES Balding Top pattern on the 5-minute pic.twitter.com/WiD8nB3Ulj
— StockCats (@StockCats) August 25, 2015
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I spent the last thirty minutes of the session with the second half of Free Bird playing on a loop in the background, at my office. Damn near perfect soundtrack.
Dip Buyers are in uncharted territory, now. They got a Central Bank to bail them out, and it wasn't enough. Tomorrow's going to be very interesting.
Well that escalated quickly.
Meanwhile, over at CNBC:
https://www.youtube.com/watch?v=zDAmPIq29ro
So the half-life of a PBOC/central bankster action is now less than 1 day's trading. How's that feel, central planners?
SINCE LEHMAN!
Got my fix.. Thanks Tylers!
THIS is going to leave a mark.
CNBS entire on air staff are acting like someone came into their homes and cut their pets in half with a chainsaw.
Yeah, the mark of the beast! 15,666 bitchez.
15,666.44
15 = year
666 = number of the beast
44 = President Obama (44th)
I think I saw that on Bloomturd.
MOAR CHART PORN!!!!!!!!!!!!!!!!!
I love the story that Tyler tells with his mastery of chart porn...
Unfortunately, this story is going to end in a nightmare!
At least that is what the tea leaves at the bottom of my cup seem to be saying.
DaddyO
The rainbow-puking clown is my favorite.
"We're Gonna Need Another Rate Cut..."
The Limbo rates, How low can you go?
Schiff was right -- QE4 before another rate cut.
Didn't I say yesterday I was surprised they didn't get it to open down 6.66%? And then what do we see at the close today? 15,666. But to suggest 'they' are some sort of Satanic Cabal... Or should I say Kabal(ah)?
TY HR glad someone gets it.
The dread Homer Head Pattern. We are so fucked.
Who's we? You got a mouse in your pocket?
1937.
And that's all I have to say about that.
Peter Schiff is bearish...of course
http://www.planbeconomics.com/2015/08/peter-schiffs-bearish-take-on-stoc...
there are similarities with 1937, nodebt, but perhaps you would agree that since the initial selloffs, bottoming in '32 and '09 respectively, were of different magnitudes and characteristics, the former much deeper and more profound, and the highs in '37 and '15 ditto, the former lower than the prevous high and the latter quite a bit above it, that the next low may well be below the low of '08. that '08 is below the '03 low may also indicate greater depth for next time.
lots of mays but still.
Jim Cramer says: these are machines!
https://www.youtube.com/watch?v=1hM901pgZ9I
Point of diminishing return has been more than achieved.
Watch for verbiage that says they held rates steady, but that it is in essence a rate cut relative to the rest of the currency mayhem we are experiencing.
Just a few more days of this and we can get the Greenday "wake me up when September ends" chart.
correction mode > 11.9 percent 2120 to 1867
way below 50 and 200dma
my guess 30 percent > 1500
b/4 bottoming
then even lower as world situation takes hold.
full 62 fib retrace- 1331
we'll blow through 1650 in September and probably bottom or they had best stop it, between 1300-1330. Otherwise 1020 and 960ish become juicy targets.
Dead air below 1880 support on S&P 500.
How do you spell FREE FALL?
nine-eleven
Yes, the puking clown is the best!!
"The rainbow-puking clown is my favorite. "
The picture of Kuroda laughing is straight up over-the-top Bond Supervillian shit.
Hollywood for the most part doesn't even generate such outrageous characterizations of evil and insanity anymore.
Scariest mega-creep since Heath Ledger diabolically elevated the Joker to full Jungian psycho nightmare status.
...& Kuroda is just the most easily identifiable of the gibbering monsters running amok with power these days...
but...but...but...AAPL is up 0.60%. Looks like the PPT shot their load just to make that happen.
Law of diminishing returns. Officials need to go to ever greater lengths in terms of stimulus and easing to still achieve the same effect.
Disconcerting.
DOH !!
.
And the SNB thanks everyone for buyinig up their AAPL shares. God our investors are morons.
I hope everyone is getting started early on their Christmas shopping… you KNOW how crowded & hectic all the stores will be!
That's right, and you will BEAT the weather. Sometimes during the winter it gets chilly and white.
Yeah, dude. Get your pellet gun. Good luck.
What's Christmas?
Is that one of those fun pretend days that gets people to spend money and stimulate the system in the name of a religion?
*clown barfing rainbows*
Not shopping, but working on the speed bag getting ready for the Wal Mart crowd.
Hmm with the hefty Wal Mart shoppers, maybe I should get some work on the heavy bag too?
I miss Pi. Someone call Sokrates.
4 is death in chinese
4 is death in chinese
Or shit in their corn flakes.
GOOD NEWS!!! Another CNBC "special" tonight, so get out your crack pipes and hopium......
i'm expected to watch cnbc?
i don't even recall last time i switched it on. must have been 4 years, at least.
None of them seem the least bit worried which most likely means that everyone should be running for their lives.
Iron Maiden, Run to the Hills or The Number of the Beast?
Yellen is the Seventh Son of a Seventh Son.
BTW...I'm running out of popcorn. Burnt through my LIFO layers of Orville...now dipping into the Jiffy Pop stash. Had to rotate Twinkies to get to it. That's how I know this is a serious dip.
In response to this post:
"So the half-life of a PBOC/central bankster action is now less than 1 day's trading. How's that feel, central planners?"
Maybe there is more to this than just the regular investors (although without manipulation the market would be much lower already) as the manipulators have done well to support a false market.
Could be someone is making their presence known and the institutional investors are getting out before the punches start flying. Is there a threat of some sort from China to destabilize the markets? Is this due to direct action by China?
Is there going to be another big boom in China very soon and if there is what will be the response?
"I'm always alright when I'm with you, Tyler D"
Someone needs to do a mash-up of CNBS bull-tard/whores from early to mid-August, leading the lemmings right over the 2500 point cliff...
why? they do as they're told. they have to stick to the editorial guideline, and that is sellside.
take up your issues with management.
i was thinking more about the "expert" guests they trot out...got to be some good material there
You mean their Meat Puppets?
They are only there to sell for their handlers.
Who tunes into paid advertisement TeeVee? They do not call it "Commercial Television" by accident after all. It is all one large TeeVee Commercial...some commercials being more entertaining than other commercials.
Hell just one look at the Stupor Bowl Football Game broadcast demonstrates that little fact. (There are actually people who tune in...FOR THE FUCKING COMMERCIALS?)
(Now you've done it. He is criticizing the Super Bowl, man. Just how...how...how UNPATRIOTIC can he be?)
Well I am not that idiotic to be patriotic...
So are you entertained?
If not then throw that fucking hot box of tin away. TURN IT OFF.
so buy the dip? lol
On the lows is the new off the lows
No more BTFD. It's STFR, sell the fuckin rally.
hahahahaha that retarded baal and his numbers. A snippet from ZH article earlier
Sure enough, moments ago the sale of $26 billion in 2Year paper was concluded, and it was if not a dud, then certainly lackluster, with a yield of 0.663%, just through the 0.666% When Issued
Then DJI closes at 15666
LOL!!!!!!
Not saying these numbers mean anything but proof in the pudding.
You got it. This crash is ON
It will really fire up when the guy in your pic visits the US. Thats where my bet is placed.
I can't feel sorry for anyone that sold their soul to the devil and expected profits. Everyone cries about banksters and their evil but don't even stop for a second before they max their 401K/IRA, buy the biggest house they can get a loan for, buy TWO $50K cars on LOAN, and can't get curtains for their windows or replace a water heater cash... If you can't afford to lose your money don't play is what used to be the norm...now people will cry they can't keep their home even though it is their own damn fault. I am tired of paying for stupid assholes.
@countrybunkered: Count me in as someone who's also tired of paying for all those stupid assholes. This fucking crash is costing me a lot of money right now, but I don't give a shit because it's money that I can afford to lose (as you aptly put it), since I have been debt free for almost 30 years now. Fuck those millions of fuckers who have kept on piling debt over more debt thanks to ZIRP and what not. Let the interest rates finally rise so I can start making money with whatever will be left of my portfolio by the time this storm blows over. As a matter of fact, let the interest rates hit the roof. I want to see those millions of fuckers beg for mercy. They ain't going to get an ounce of sympathy from me.
i know what you're saying, but sadly, with almost certainty - those are not the people who will be hurt the most by this.
i don't want this to happen. i just think it's inevitable. the best we can do is prepare. off to costco tomorrow...
You (and I) will likely be dead before this storm passes over. Get out, get all the way out - by that I mean ALL money removed from the system and stored in a safe in your house....They have the law on their side now and can simply TAKE anything of value - 401/IRA/CDs/Checking/Savings/etc. - look at the last budget that was passed and the NEW banking laws that went along with it. This is all planned - they are going to steal all of our money (via new laws) and all of our assets (via default or eminent domain). People that haven't paid off their mortgage can be called to pay it early or lose it - save the banks first and fuck the people while their at it. You'll get some of your money back in a few years but it will be worth exactly 0...
Good luck to everyone, we all need it.
You're absolutely right about that. I live in an "up and coming" neighborhood in Denver, where houses that were $150k ten years ago are now $500k+. The residents (all new to the area) are exactly as you described, in debt beyond comprehension. My wife and I make way above the median household income (by like 2x), yet there's no way we'd put ourselves into such financial peril!
Its about time, I have been getting relentlessly ass raped by a troop of drunken baboons while holding long volatility for the last year...
Reality is finally catching up with this 'market', I did not give the bankster/government assholes enough credit for how long they could keep up the charade and paid for it. Hopefully full vindication is coming my way. That or i am about to be hit in the face with a handful of baboon shit.
Relentlessly ass-raped by a troop of drunken baboons?
Can you post a video of that?
"The market can stay irrational longer than I can stay solvent." -- J. M. Keynes
Maybe the only street-smart thing he ever said.
Gitcher one of dem Riot Gear facemasks, don't cha' know.
No more BTFD. It's STFR, sell the fuckin rally.
Yup. Selling it all to the PPT and the Central Bankers. You fucking want it? YOU CAN FUCKING HAVE IT.
Did that today. I round tripped some SPY puts and made 12.9% in three hours.
Bring the PPT back tomorrow...
Yeah, I'm bankin' they'll slam VIX shortly. If there's anything that's moar' rigged than the precious metals market it's the VIX or should i say the VIX is in..
RALLY?
STFU
(Uptick)
Beat this rigged central planner's bitch of market like she derserves.
I'm curious just how much money did the PPT and "FED" Kevin burn today, in their attempt to execute the perfect bounce back only to end up with the (in)famous dead cat...
I think Kevin should stay away from any home depot or lowes if they decide to blame him.
Price check on a nail gun for Kevin H on aisle 12 .....ppppppppsssssuuuuummmpppttthhhuMp ........ Herb, clean up on aisle 12
I think Kevin should be a MAN and get that Status Quo Fed &%$# out of his mouth...
A rather pleasant day there at the end. Looks like the PPT is gonna need a buttload of meth for tomorrow......
Wonder what it's like doing meth through ass?
If you find out, please keep it to yourself.
What the fucking fuck. Dow ends at 15,666.44. Really.
It won't work. You'll shit it out faster than the hag at the trailer park could blow it up there.
That's right! I said it!
Kiestering, ice shelving...all according to wiki. I like to call it ice packing.
Gay men do it. Take a meth enema, then get fucked in the ass. Called booty bumping.
It is going to start at 8:30 PM Eastern when Asian markets open -
Grab some popcorn!
Forget the popcorn, it's time to step it up to Bacarrdi shots. Candy is dandy but liquor is quicker!!
Someone on ZH yesterday posted "the cat is beginning to stink."
Yeah, but can she still bounce ? That's what matters...
This needs to go on Mythbusters. I say a dead cat does not bounce.
i like to glue kugrrands on the old ladies cat
keep the little fcker from bouncing ...
just doing my part
biggest reversal ever...
This is interesting. This is one ford the PPT should have held! And they couldn't! Why not??
Now Japan will faint, China will panic and the Europeans will realize they are being played for fools.
Gold must respond to this.
Serious fucked up mess this is turning out to be.
Maybe they know this is the big one.
Hey, did my miners go up? I've not looked at them for 3 years as I've got guns in the house.
Rafter, I feel for you, Bro! I have likewise not looked at my miners after 3+ years of butt-hurt.
I gived you an up arrow the the insightful analysis.
"Serious fucked up mess this is turning out to be."
A big fan of the minors, eh? You should talk to Jared.
https://scontent.cdninstagram.com/hphotos-xfa1/t51.2885-15/s320x320/e15/...
http://lulztalk.com/wp-content/uploads/2015/07/subway-1038x576.jpg
https://scontent.cdninstagram.com/hphotos-xaf1/t51.2885-15/s320x320/e15/...
My wine has been spewed thru the nose! That's funny right there...
agreed. if there is any line to hold, today was it. uglyness will result.
I take a somewhat different view. When I saw at the end of the day the 200 point drop I was actually mildly relieved. I saw the rally in the morning and I thought of bullish insanity, 1980's investment advice and central planner interventions. All of those are bad. When I saw the final sell off I actually looked at it as rational and proper. Commodities are down across the board and there is no sign of increased market activity anywhere. In fact, it is negative in most places. Stocks are supposed to fall. Falling stock prices are the sign of rational investors reading the economic/financial data.
If you do not want balloon economies and if you want to find real value then these things must happen.
What worries me is not really the potential drops, it is the potential interventions. Most any intervention bigger than some interest rate tick will come with huge money, huge debt, and probably a very small effect. Interventions could actually push us into something much worse over time. The best thing for any President or economic figurehead to say would be, "Read the forecasts, economic data and make your best choices. When stocks get cheap enough to find excellent buys, go for it. This is how a free economy works!".
Then he could proceed to lower taxes, tariff, rules, regs and other things that actually promote a good business climate.
What are the odds this will happen??? Yeah, I know.
Now I have to dig out and listen to Free Bird :-)
Live?
Margin selling in th last hour to cover yesterday carniage
How many mutual funds get 'sold' tonight for MOC after the close tomorrow?
Agreed......margin calls and mutual fund redemption balancing.
Nice!
Central Banks are a manifestation of SATAN HIMSELF! So all of you 'so-called' Christians are in a dilemma. Do I trust the essence of evil and BUY? Or do I trust in the LORD and reject ALL that Man and his love of Mammon has created? SELL! Your choice.....But remember; according to your belief, you will have to JUSTIFY your actions on JUDGEMENT Day! Ha, ha, ha!
Your statement shows a limited understanding of Christian belief relevant to God's Final Judgement. All will be judged, but non-believers will be condemned, while believers will be mercifully redeemed.
Thank you kindly sir just what song I needed, 15666, O my Gawd that babe I just saw awhile ago was friggen HOT!
Who?
Megyn Kelly?
I know, central banks where only able to give them 2/3 of the market day and they still ended hundreds of points in the negative. That tells me that things are truly bad.
Told you fools to stay short lol
Bet you shart your shorts for a moment this morn;)
I re-upped shortly after the open. I'm quite pleased at the moment.
Dow, Nasdaq and S&P all in negative territory. Again perfectly coinciding with a plunge in the US dollar where the DXY lost 0.5 points in an hour. Does lower DXY = lower stocks? Is this the new game changer?
USD/JPY leading equities is nothing new. It'll be news when that correlation begins to break down.
The important question is whether CNBC is going to have another "special" propaganda show tonight, or do they slit their wrists? A hint for the CNBCers slice down, not across for best effect.....
Ignore the knuckledragger. He's a knuckledragger.
Slit down AND across. Don't take chances.
All of this is about forcing the BOJ into more QE. The markets know they are the softest play
Also correlated with WTI in the last half hour...going down.
Must be a disturbance in the farce...across all markets.
i had visions of that 70's game show The Jokers Wild..."C'mon,Joker,Joker,Joker"...then visons of Wink Martindales chessy grin.
I remember that show, one time the host asked a black woman about the post through her nose (this was a new thing back then). She said it was a sign of great beauty in Africa.
He said, (I shit you not), "Coulda fooled me." And moved right on to the next contestant.
He was a funny guy.
It was Jack Barry as host. I remember watching it after school in the late 70's.
this collapse is coming together just like sweaty but cheeks....
drinks on me my ZH bitchez - cheers...
and i get to get some mo' Silver below $15????
NIGGA PLEASE!!!!!!!
i cant help it...
i just cant turn off CNBS....
THESS MOTHER FUCKERS R KILLING ME....
I am glad you are feeling better. Earlier you were ready to shank some mother fuckers.
Keep stackin'!!
Saints -
aint a damn thing changed homie.....just enjoying the return of Karma.....
agreed bro as i want justice too.
Thanks for the extreme laugh! Funniest comment in a long time!
ur welcome....
What took you so long? That happened 6 minutes ago. Have the same ready at 4:01 tomorrow.
Come on a bit of patience man! We may finally at last be getting our doomsday porn and you're fretting about a mere 6 minutes wait after 4pm. Savour this moment.
Tyler should pre write them like obituarires for the newspapers.
It ain't what you don't know that gets you into trouble. It's what you know for sure that just ain't so.
Whipsaw summer.
Rate hike in September - FED to finally begin it's McFrugal stage.
Mark Calanders. Monday 09/21/2015 is the day of Infamy to come.
Or dancing in the streets, depending on your point of view....
Mark Calanders (sic). Monday 09/21/2015 is the day of Infamy to come.
Probably 9/7, 9/11 or 9/22 if anything. Don't forget the fuckers' (i.e. TPTB) obsession with numerology, particularly the numbers 7, 11, 22 and 33.
as a non-player, this is too funny
What's even funnier is listening to all the talking heads explain why the maket is moving in which way it's moving.
no teevee here, i'm blessed by not listening to them
"As a non-player, this is too funny"
Believe me, your in the game.
tortoise and the hare
And guess who's money the PPT are have been burning all day long?
don't be bitter, just take it in the shitter
Whatever.
Although I can't be completely unaffected, I am as far as possible from all this, and furthermore it's hilarious (IMO) to watch the crappy banksters end up having to use their billions to buy their own crap at the top of the market, because their dumb nefarious plans are a mess and they keep messing it up even more for themselves.
''Although I can't be completely unaffected, I am as far as possible from all this"
same here...i reduced my exposure to the bs as much as humanly possible to the point that they only steal from me through inflation. no debt..some metals, some cash and some treasuries (one's that can't go below zero, ie tsp g-fund)....
Because everything in our society is so clearly fraudulent and even abusive, I have had zero investments in stocks for years now and I even changed my lifestyle completely so that I now live for ultra-cheap, but still healthy and happy - only, I now have tons of free time since I only need to make enough money to cover 15-20K a year in expenses, something very easy for someone with my skill levels with 0 dependents.
Those of us with our eyes wide open have been taking our chips out of the casino for years, so it's kind of fun to experience one of the sheep fleecing events from a relatively safe spot on the outside!
But it's gonna be tough for all them sheeple who prefer to follow programming, they are in for a world of hurt, as usual...
good deal..best thing to do is get out of all debt if possible.
"it's hilarious (IMO) to watch the crappy banksters end up having to use their billions to buy their own crap at the top of the market"
Unfortunately, my good friend, them are going to use "our" billions (more precisely form our children and so forth) because, have no doubt about it, all this mess will be timely socialized a la Greek!
best thing for you to do is take care of things within your direct control and forget the rest. get out of debt
Fed needs to print a few trillion more and buy more stocks in the free and fair markets of the US