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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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Welcome to Merkia. Please pass da banana .
"U.S. Stock Market back to trading like a banana republic". Hell, what do you expect? Our finances are like that of a banana republic!
Hahahahahahaha it's all I can muster.
I bet you can muster a "FUCK YOU DOW JONES!"
Here you go!
https://youtu.be/QaKj9iISQUE
Biggest Rally of 2015: I laughed, I laughed, I laughed some more.
The last half hour was truly the best of all. So many great performances - the NASDAQ outshined them all, though. I was truly impressed with its range and ability to take something and make nothing out of it.
Quite impressive, to say the least. I give it an A-.
Jump You Fuckers
https://www.youtube.com/watch?v=yge311sFhC8
hah A+ comment
I heard a Fox Business news reader say (in a super excited voice) "Call it turnaround Tuesday"
Hey! It was great! https://www.youtube.com/watch?v=AKXlhpeb6wI
Fire the fucking PPT. LOL
No no no! Then they might get somebody competent in there.
YeeeeeeeHaaaaaaa they're coming for you Blankfein and Dimon. Bankster M'Fers.
WTF? I was all in. They said go all in.
Haha! They had to find suckers to buy while they sold.
I think he was kidden you :-) You do speak the truth though.
Here's the video from CNBC to "go all in" from Tony Dwyer at the 3:35 mark on 8/12/15...
http://video.cnbc.com/gallery/?video=3000406179
He says it again in this link in a "Monday Note" (not the video) 8/24/15...
http://www.cnbc.com/2015/08/24/amid-carnage-strategists-predict-bounce-g...
@Nikki : OMG this is classic disinfo at it's best. Bahdad Bob might have even blushed at this one!
Going full retard is not for the weak.....
Not to worry. Borrow some money and go all in tomorrow, too, and win all of that money back, and then some!
The suspense is killing me!!!!!!!!!!!! Will Cramer be able to reassure both of his viewers tonight?
"YOU KNOW NOTHING!!!!!!!!!!"
Who wants to bet, Cramer retires after this.
naw, he'll just get louder....
until he is eaten by a ravenous pack of destitute retail investors.
booyah, Jim, booyah.
i don't know about the other guy
but he won't convince me ....
Not Cramer, but here are some funny ones:
Market psychology: Smart people make dumb mistakes
Relax, we're about to hit the bottom in stocks
Should you be worried about your pension?
Once it occurs to you that they really are trying to get you to hold the bag, the videos look so different. The last one looks kinda like Quaddafi's (or any other dictator's) videos about "I am still in control!" while it was all coming down for him.
15,"666".
Lol.
cryptic
no,
just hidden in plain sight
Aleister Crowley
Let us hope for 15,555 tomorrow. It'll be a lesser evil. .
14,666... Fixed it for you
Buying and Selling the Mark of the Beast
That could be very optimistic. I'm hoping 13,666.
I'll just plant my first post of the day here:
Tue, 08/25/2015 - 09:24 | 6468116Dr. Engali
Dr. Engali's picture
Vote up!
8
Vote down!
-2
Yesterday was an excellent day for me. Today, I think I'll layer on a short position.
reply
+1 you called it dude, with your own money
Don't forget this post from this morning, Doc... where you opined that the rally might stick:
___________________________________________________________________________________
Dr. EngaliVote up! 3
Vote down! -3
There is a good probability that today's rally will stick, it may even last a couple days, but the trajectory is clear right now. At the very least the "market" has to test the lows. Me, I'm layering on a small short position today and then I'll take a wait and see.
Yeah, so what's your point? Yesterday my first comment of the day was that I was going long on the open, and later on I said that I don't believe this is the big one but who knows. I can tell you right now that I don't know for sure where the direction will be, but I've been around long enough to know a pretty good bet when I see it. By layering in and not going all in on a short position I made sure I participated on the downside and if it went against me I didn't get too burnt.
"I can tell you right now that I don't know for sure where the direction will be,..." - Dr. Engali
We are in full agreement.
Mucho props. i am happy for you and read all your comments. Even gave you some cred yesterday in one of my comments. Congrats again and nice calls.
Ha ha ha. Dow Closes at 15,666. This time the 666 message is much clearer. This shit is going down for the count. TKO.
Only for the hyperinflationary bounce to happen when the Dow hits 6666, by which time said market turmoil will require imposition of a "new world order". Ha ha ha- NOT!
"Should you panic about your 401K/I.R.A.? That's the worst thing you could do!"
How many of those shill articles or "experts" did you read or hear yesterday? Almost countless!
Yeah! Don't panic! Leave it in the casino so Wall Street has a sucker to sell too!
Same fucking bullshit in 2008-2008, all the fuck over again!
SO glad I have left the craps tables behind.
CNBC has an article posted on the right of their website. I shit you not it says this:
Scared by markets? Maybe buy a car
Of course $500,000 dollar cars are appreciating, other than houses what other tangible assets are the people who get first dibs on free money supposed to buy? It's slightly harder to show off your fleet of yachts to your bankster friends.
I say FOOK OFF CNBC
Swapping the excitement of this out of control rollercoaster for an old car? nah... besides, old cars tend to break every other day!
Cut all the rates! We'll send this fucker to the moon!
Redux, Reflux, Refux. Going DOWn ?
Bank of Japan and Japanese GPIF guys couldn't stay up until US market closes. They ran out liquor.
And the biggest joke of all. The VIX closed down 11.00% WTF?
36.26 -4.48 (-11.00%)
Yeah. If this ain't volatility, I guess I don't know what is.
Hey, YC.
I need some dramamine.
“It’s a Head-Fake” from "It's A Heartache" by Bonnie Tyler
It's a head-fake, nothing but a head-fake
You notice, but it’s it's too late
Bids are headed down
It's a fool's game, nothing but a fool’s game
Not protecting old gains, feeling like a clown
It's a head-fake, nothing but a head-fake
They lift it till new shorts break
Then they take it down
It ain't right that doves hate bears
But now you find that they’re not there for you
It ain't wise to need someone
As much as the Fed depends on you
It's a head-fake, nothing but a head-fake
Spits you out like birthday cake
When your two-year-old melts down
It's a fool's game, nothing but a fool’s game
The Fed ignores outsized gains
But panics when it’s down . . .
Other than the PPT, idiot CNBC watchers, and artifical intelligence algos - there was no valid reason whatsoever to buy today.
Well besides VIX funds. Those seem to be doing a smash up business as of late.
I have devised a fuzzy logic, imbatible ALGO, but you are not allowed to use it without paying me royalties!
Do WHILE (AAPL) > 0 ; no, this is not an infinite loop!
if (Today_AAPL) < (Yesterday_AAPL) then wait_for_PPT: BUY (AAPL)
if (Today_AAPL) > (Yesterday_AAPL) and not PPT then SELL (AAPL)
You are welcome...
P.D.: Ok, i've been seriously criticized for not adhering to formal programming rules, and failing to properly define vars... so here we go:
DEFINE PPT as LONG LONG LONG INTEGER
PPT=-Sweden
Look at the Gold collapses into the London close. Fuck you England. The Queen is Dead.
more stacking opportunity....
Art Cashin opined three minutes before the close....and then came the crash. Amazing to watch how fast billions of dollars can disappear.
money doesn't disappear
it just changes hands...
15,666: the sign of our favorite Satanic economist, Yellen of the Tribe.
I suggest that if you are still in, get the hell out. The Fed/PPT can't seem to save this abomination.
that shit aint no coincidence....
i bet u.
I tried my luck recently like a good muppet, only cost me 10%. Out yesterday exept for CEF, Canada gold fund.
Can anyone recomend any good contra index funds worth looking into? I'm going to beat this fucker! One more roll, yeah!
Maybe go long DOG in the morning
15,666: the sign of our favorite Satanic economist, Yellen of the Tribe.
You bet! Looks to me that TPTB don't give a shit how blatant their signals are - even for the sheeple I guess . . . .
heaping pile of smoldering venison in the taillights...
Fear is starting to set in on these paper humping fucksticks.
Off the L...oh
But...but...Apple closed green.
Lulz. Barely.
Hey Janet, turds aside, the punchbowl is looking a little empty. Little help here?
/s
But there's plenty of cool-aid
Contrary to conventional wisdom I predicted this (today's drop in the markets) yesterday in a comment on ZH. TPTB can't resist numerological dates like 8-25 (=33). For those who think this is BS ask yourself why so many "crisis" in the last couple of decades occur on dates with 11, 22 or that add up to 33.
P.S. When the Dow closed today it was at 15,666.70 and then somehow the number was revised to 15,665 something - very interesting indeed.
Check again on the Dow. I'm showing 15,666.44.
You might be right . . . serves me right for getting my data from Yahoo.finance . . . . . bottom line is that just confirms my point about the bullshit numerological games being played under our noses by TPTB.
Sometimes a 666 is just a 666 though.
ah Hell....
Wow they must be gods huh? Are you impressed?
Tried to edit my comment to indicate you are right on the closing number but ZH is into its "cut off comment editing mode really quick" state. Anyway it appears that they are sending signals about who is really in control here and they don't give a shit how blatant those signals are.
Hey Yellen, how's that rate hike looking now, bitch?
I wonder how many suckers went out to play in this chain saw rally?
today was the first time in a while i wasnt even upset at futures being up 500 plus bc i knew it was a dead cat bounce.
that being said, i didnt expect a red day, so i was content even if we finished up 100 pts as a major victory,
but to get a -25 on the s&p , that was awesome.
we will prob be see a 14,000 handle on the dow this week.
i have not been involved in a a long or short position for years, and yet i still enjoy this so much.
O dear the ol rule 48 futures pump didnt work,why am I starting to equate Yellen with Mickey Mouse in the Sorcerors apprentice
http://www.marketwatch.com/story/why-goldman-thinks-the-sp-500-is-headed...
send more muppets, please!
Genius. That was simply AMAZING.
Looks like Yellen has screwed up with her rate hike!
I'm beginning to think the rate isn't going to stop this. People are going to be trying to salvage what the can now. Those holding out who bought lower than what it's at now are gonna bail out. The only one's caring about rates are us savers. Well, a few coins too.
Gotta find a DOW 10,000 rally cap....it will be useful in a few months...
The anti plunge protection team won 15,666
Hey bitchez, now I gotta go out and buy more popcorn.
Ha, I said go long popcorn on Friday.
I credit you, Getting Old Sucks, and so it does. It ain't for sissies.
"since Lehman"!!!
I'm nepping so hard right now http://pbs.twimg.com/media/Byc8hCCIQAAgD0m.jpg:large
me too, now i have to read braile
The PPT, the media, and the market planners did everything they could to conjure a rebound...and failed miserably. This is a monumental day, their backs are broken. Big changes coming in the coming months and years, alot of pain for alot of very naive people.
Bush-hog, you got that right. BTW, quit hogging all the bush.
The PPT, the media, and the market planners did everything they could to conjure a rebound...and failed miserably.
I have a sneaking suspicion that every time the PPT/FED hit the "buy" button to drive up the markets in the last few sessions that they were met with a larger "sell" order from some other national actor to drive the markets down - maybe we are seeing tit for tat from the Chinese with help from the Russians and Iran. If so, it serves em (the PPT/.gov/FED) right!
Anyone with fiat has unlimited firepower
Prepare to be muppet-ed.
Well, that deflated quickly...
Me thinks that with the action like yesterday and today they just killed the BTFD strategy for good.
They will need to pump at least 2 trillion into the market to manipulate it now. No way to unwind.
*click* *click* *click* *click* *click*
have some zeroes!
Imagine an 'investor' that bought that opening jam job?
the one dating Miss Piggy?
The Squid must be rewriting its spiel this very moment for tomorrow.
"Don't panic, China will rise again..."
"Blame Iran"
"Blame Bernie"
CNBC - Bob Pisani right after markets closed: "Well, that was disappointing." LMAO
It's times like these that makes me regret canceling my cable, damn but what I'd give to watch the CNBC crowd during this crash. Almost worth signing back up for it. (almost)
My 401(k) likely got battered, but I really don't give a fuck. There isn't much in there to be considered batter, not even for a cake.
I see I'm not the only one who noticed the nice 666.
These folks aren't very subtle, are they? At least now we know it's a controlled demolition rather than a loss of control.
If one looks at the last two days, including overnight, as four sessions, it looks like this...
-1000 (overnight to the open)
+420 (last half of yesterday)
+600 (overnight)
-800 (through to close today from the open)
That is NOT pretty!
This is the 2007/08 play book in play, but this could be the big one he he
But it could take months to play out, then, in the future, it will seem like a flash in the pan in retrospect.
Purple Jesus
"S&P 500 sees biggest percentage swing before closing negative since Oct. 29, 2008" - Marketwatch
Now that the Chinese have gotten out of the US housing market, and almost everybody else will soon be up shit creek, I might be able to afford to buy a fucking house in a few months.
IF, you have a job and IF credit is still available - both big if's
If no credit is available, maybe some money with no counter party risk might intrigue them. Say 250 oz of silver?
I got plenty of dough. Just no where to spend it, except shorting which is too fucking freaky for me.
Florida, which was one of the worst real estate markets in the country after the last crash, actually didn't find a bottom until two years later. A few months is too soon, Keep your powder dry.
I wonder how many people are still in their houses after defaulting on their mortgages back in 2008-9?
Two years maybe.
PLEASE someone kick the power plug!
wow dude what was that poof gone up in smoke
.
i t 's f u c k i n g o v e r
Not to worry. The FED has your back.
It look like the fed. needs to give Tim Cook a trading seat at the Citadel desk, and the WSJ needs to give him a column next to Hilsenpukes.
...before rates go up in September.....
AHAHAHAHAHAHAHAHAHAHAHAHAHA!!!!!
Talk about Kool-Aid.....
Yeah, because when they are done watching the stock market crash they will want to watch the bond market do the same (S)
Grandma Yellen turned to get the cookies out of the oven before they burned and look what the you unthankful slobs did while she wasn't watching!
this other shoe that's about to DROP,sure does have a mean hang time....drop already
"U.S. Stock Market back to trading like a banana republic"
Because that's what this is. However, the extreme wealth hides the skimming far more than it would in poorer banana states and the skimming process is much more complex and hidden:
The Quiet Coup
Becoming a Banana Republic
http://www.theatlantic.com/magazine/archive/2009/05/the-quiet-coup/307364/
Is the U.S. on the Verge of Becoming a Banana Republic?
http://www.theatlantic.com/politics/archive/2013/01/is-the-us-on-the-ver...
10 ways America has come to resemble a banana republic
http://www.salon.com/2013/09/11/10_ways_america_has_come_to_resemble_a_b...
Grandma Yellen turned to get the cookies out of the oven before they burned and look what the you unthankful slobs did while she wasn't watching!
Ole grandma Yeller
went to the cellar
to fetch poor Rover a bone
but when she bent over
Rover took over . . .
I suspect the late crash is due to some privileged bit of info most haven't detected yet.
Take Down Jones down to 13500, then raise Federal Funds rate to 2.5% and be done with it.
Rip it off like a Band Aid after people are already in Defensive positions preparing for the Fed Increase and having a Stock Correction.
Now Doesn't that sound like Capitalism??
Isn't that they way it is supposed to work??
FED Listening to Interest Rates and people that are Whining from Lack of Experience in the markets should not matter beans.
Fiduciary Responsibility Applies to the US Federal Reserve Private Banking Cartel.
Bingo! But let fed funds rate go to 4%...
I can go along with that.
That might be a superior plan, since we know they will never go to 5% ever again due to Federal interest Rate Payments by the US Treasury.
They need some room for future monetary policy, but mostly they need stability and confidence to return to the System.
4% would accomplish a lot and they might even wait 2 years and cut by .25% to provide confidence to the Market place. 3.75% interest might work.
I'd like to see 5% again, but just don't know how we could do that without ending the FED first. Why pay the FED and Banks interest on Federal Debt after all...
Yeah, Treasury isn't smart enough to set rates because European Bankers too us this was true. BS. With Federal Budgets sky high there is no reason to have Private Central Bank!!
Yeah, pretty sure they are going to do that (S). 4% X 18 trillion = 720 billion/yr in addition to the 1 trillion in deficit spending = NO FUCKING WAY. Bond market crash, stock market crash = GDP down 10% minimum. Bail-ins take away excess cash (no return on 4% rates with no capital to invest), stock & bond market crash does the same.
Let's face it kids, there is no way out except for complete reset of financial system along with debt write-offs, massive loss of asset valuations, massive loss of jobs. Get ready to enter the 3rd world. It's the end of living life and the beginning of surviving life.
chubbar; aye we both probably agree they, the TBTF Banks, the FED, and the Federal Govt don't have a problem with printing money at all. Hell they hide all the money created by TBTF Banks, but we have an idea... Quadrillion in Derivatives must have a cash value of investment, $18 Trillion of Federal Debt is only part of the what $59 Trillion total US Debt?
Do they give a crap about 4% times $20 Trillion?
All Sectors; Credit Market Instruments; Liability, Level
2015:Q1: 59,045.73 Billions of Dollars (+ see more)
Quarterly, End of Period, Not Seasonally Adjusted, TCMDO, Updated: 2015-06-11
https://research.stlouisfed.org/fred2/series/TCMDO
and in 2007-2010, the TAF and other FED Programs for Auction Facility they created all kinds of money for Japan, Canada, Europe, USA, and for Corporations on top of Banks.
Sumitomo Mitsui Financial Group Inc.,Sumitomo Mitsui Financial Group Inc.*,,,,
Ticker,8316 JP Equity,,,,
Includes Loans to:,Sumitomo Mitsui Banking Corp. and Sumitomo Mitsui Banking Corp./New York,,,,
Identified in Fed Documents as:,Sumitomo Mitsui Banking Corporation and SUMITOMO MITSUI BKG NY BR,,,,
Capital Raised From Home Governments,,,,,
Programs,"CPFF, TAF",,,,
Country,Japan,,,,
Industry,Banking,,,,
"Average Daily Balance
From 8/1/2007 to 4/30/2010","$2,783.34 ",,,,
Peak Amount of Debt,"$6,284.30 ",,,,
Peak Date,12/4/2008,,,,
-
Bayerische Motoren Werke AG,Bayerische Motoren Werke AG*,,,,,
Ticker,BMW GY Equity,,,,,
Includes Loans to:,"BMW Bank of North America, Bayerische Motoren Werke AG and BMW Bank of North America",,,,,
Identified in Fed Documents as:,"BMW BK OF N AMER, Bayerische Motoren Werke AG and BMW BK OF N AMER",,,,,
Capital Raised From Home Governments,,,,,,
Programs,"TAF, CPFF, DW",,,,,
Country,Germany,,,,,
Industry,Auto Manufacturing,,,,,
"Average Daily Balance
From 8/1/2007 to 4/30/2010",$735.53 ,,,,,
Peak Amount of Debt,"$4,269.30 ",,,,,
Peak Date,4/2/2009,,,,,
-
Itau Unibanco Holding SA,Itau Unibanco Holding SA*,,,,,
Ticker,ITUB4 BZ Equity,,,,,
Includes Loans to:,"Banco Itau BBA SA, Itau Unibanco SA/New York NY and Banco Itau BBA SA",,,,,
Identified in Fed Documents as:,"BANCO ITAU SA NY BR, ITAU UNIBANCO SA NY BR and BANCO ITAU SA NY BR",,,,,
Capital Raised From Home Governments,,,,,,
Programs,"TAF, TAF, DW",,,,,
Country,Brazil,,,,,
Industry,Banking,,,,,
"Average Daily Balance
From 8/1/2007 to 4/30/2010",$254.03 ,,,,,
Peak Amount of Debt,"$1,210.00 ",,,,,
Peak Date,10/22/2009,,,,,
I actually enjoy growing my own food, so looking forward to it
Somewhere 1500 ft below the surface of Lake Tahoe, my pms are smirking.
I thought I saw (and did) an incredible Nikkei taste the tip of its first spoonful of reality medicine early this morning. If you were up and watching that, you know what I mean.
Tonight is likely going to be much worse...
China is the representative AND necessary endpoint of warped, western corporate behavior for more than 40 years.
It cannot be wished away, and if it finally breaks down the delusion of "recovery" the Fed and the rackets have fed and fostered, perhaps it'll be a blessing in disguise.
We won't get better until the addict is no longer enabled or in charge.
Step one: end the Fed.
m
This is typical primary bear market action. Hence rallies are to be sold.
Before the carnage set in, the Dow Theory signaled a primary bear market on October 20 (yes: one day before the ominous Friday):
http://www.dowtheoryinvestment.com/2015/08/dow-theory-update-for-august-...
Dow Theory Primary bear markets are to be taken seriously. They are not signaled so often.
THE PPT HAS LEFT THE HOUSE>>>>
Where is Bullard when you need him?
Double-plus ungood. Can Butterfingers Yellen do it? Today's reversal, not pretty.