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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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It went from pump....to dump....
to 'Might as well JUMP!'
https://www.youtube.com/watch?v=iKSyYGJHOGA
You mean Tim Cook's "save the market" e-mail to Cramer yesterday didn't help? Strange.
I wonder what Suze Orman is doing right now?
Gee, you think the talking heads might finally understand that we're not freekin stupid.............../
Losing her viginity if she has any sense.
The FED went all in on QE4 yesterday and today and FAILED.
PPT PPT PPT PPT PPT PPT PPT PPT PPT PPT PPT PPT PPT PPT PPT PPT PPT PPT PPT PPT PPT PPT PPT PPT PPT PPT PPT PPT PPT PPT PPT PPT PPT PPT PPT PPT PPT PPT PPT PPT PPT PPT PPT PPT PPT PPT PPT PPT PPT PPT PPT PPT PPT PPT PPT PPT PPT PPT PPT PPT PPT PPT PPT PPT PPT PPT PPT PPT PPT PPT PPT PPT PPT PPT PPT PPT PPT PPT PPT PPT PPT PPT PPT PPT PPT PPT PPT PPT PPT PPT PPT PPT PPT PPT PPT PPT PPT PPT PPT PPT PPT PPT PPT PPT PPT PPT PPT PPT PPT PPT PPT PPT PPT PPT PPT PPT PPT PPT PPT PPT PPT PPT PPT PPT PPT PPT PPT PPT PPT PPT PPT PPT PPT PPT PPT PPT PPT PPT PPT PPT PPT PPT PPT PPT PPT PPT PPT PPT PPT PPT PPT PPT PPT PPT PPT PPT PPT PPT PPT PPT PPT PPT PPT PPT PPT PPT PPT PPT PPT PPT PPT PPT PPT PPT PPT PPT PPT PPT PPT PPT PPT PPT PPT PPT PPT PPT PPT PPT PPT PPT PPT PPT PPT PPT PPT PPT PPT PPT PPT PPT PPT PPT PPT PPT PPT PPT PPT PPT PPT PPT PPT PPT PPT PPT PPT PPT PPT PPT PPT PPT PPT PPT PPT PPT PPT PPT PPT PPT PPT PPT PPT PPT PPT PPT PPT PPT PPT PPT PPT PPT PPT PPT PPT PPT PPT PPT PPT PPT PPT PPT PPT PPT PPT PPT PPT PPT PPT PPT PPT PPT PPT PPT PPT PPT
Forget it!
Time for QE5
Looks like they can't stop it - I bet the FED's 4 trillion in 'reserves' has disappeared - time to print !!!
Dang..... Couldn't even hold the 'dead cat bounce'.... #scarytimes
Pole positions for tomorrow's race to the bottom are held by DJR, BKX, SPX, RUT, MID and SML:
http://bigcharts.marketwatch.com/quickchart/quickchart.asp?symb=spx&insttype=Index&freq=7&show=
700 million Chinamen are peeing in their pants right now.
As are the suits at the SNB.
Break out the stayfree peenie pads!
Fuck the Swiss.
5 gorges dam will flood.
I'm finding this blatent market manipulation to be absolutely hysterical, as well as necessary in terms of opening some eyes to the flashing warning signs. As a nation, we're bankrupt - fiscally, culturally, morally. Nowhere is this fact more exemplified than in our "elected" national politicians, and in a market that gets whipsawed 2000 points per day on zero meaningful economic data.
Right on, but watch out for surprises: The national, state, corporate, bank and equity financials are so badly deteriorated and misstated that the desparate manipulators will be attempting some doomed, hail mary effort to move the goal posts. Stocks have just started yesterday to discount the impending financial disaster, hidden in plain sight since Lehman 2008.
Time to replace the printing plates! The FED should start printing confidence now.
them fed bytches
will be moving a decimal point soon ...
I've got a baaaaad feeling about this.
The Mighty Boosh?
Since Lehman™
When the little people come in, the big connected people sell. That's how it works, they buy, announce that they did, the little people buy a lot more, pushing the price up, then the big connected people sell. Pump and dump, as Matt Drinkwater (Bevilacqua) stated plainly. Regular folks have no chance as long as it's not a true free market. It is interesting how Thomas Jefferson and George Washington died insolvent but today's leadership/elite has decided their wealth must be risk-free and guaranteed. The government, the elite, and the establishment left and the free shit army all hate and fear free markets, and become quite irrational and enraged at the thought of giving them a try. In fact, about the only time the establishment left looks like it has any balls and will to engage in violence is at the suggestion of giving free markets a try, and telling them we've never had any makes them even crazier and more irrational.
Stockman or whoever was right, after this there may well be voices blaming economics itself. Economics keeps embarrassing them, and these are people who don't take kindly to being embarrassed anymore. What Soros did against the BOE would never be allowed today. Instead of collecting his winnings he would be arrested. I suspect there are already people in think tanks floating ideas to get rid of money and trade. And it sounds so progressive and utopian, after all the Zeitgeist movement calls for the elimination of money, so it will be appealing to a great many people. The group in charge must move to an opaque system to continue on. Make no mistake, they will destroy the financial system trying to hold onto power. If they can't control markets, they will get rid of them. From their perspective, they have to.
To be honest this plunge smacks of controlled demolition to me. In five days it just snapped from a range nine months. As for your theory, well, if the financial system is destroyed then what is the medium of power and control for TPTB?
They will provide the white jumpsuits with the nehru collars, your allotment of nutrient paste, your living space, your medical care....
THX 1138 style?
This tweet cracked me up:
zerohedge retweeted
GreekFire23 @GreekFire23 50m50 minutes agoRemember when for 6 hours today CNBC had the banner "MAJOR AVERAGES SEE BEST RALLY OF THE YEAR"? Good times
Well, wasn't that special.....
https://www.youtube.com/watch?v=RmwqnqL3Hbg
I fully expected a green close today if for no other reason than...
well, just because it would only make sense in this land of strangeness and absurdity.
I have to admit though it was nice to be pleasantly surprised, a bit of reality seeping in finally perhaps? I guess the house doesn't always win after all.
unless of course this is the start of the planned and engineered global collapse in order to usher in the new world order deal. in which case the PTB's have decided that they have sucked everything they can out of us serfs as we are and now is the time to bring on that crises they don't intend to let go to waste in order to line us up for the real shearing.
or perhaps the CB's really are losing control the world over and we are in for one hell of a ride on the way to the re-set.
then again we could close green tomorrow on rainbow unicorn shit and pure muppet stupidity.
in any case it's all popcorn and bug out rehearsals from here on in.
HammerThemMothaFookers!!!!!!!!!!!!!!!!!!!!!!!!!!!!!!!!
LOL, yahoo still headlines
Bear trap: Dow caps day down 205 after late-day plungeAnd suddenly the stock market is ....
goes up: completely normal regular market
goes down: irrational markt
https://www.youtube.com/watch?v=5NNOrp_83RU
http://i1251.photobucket.com/albums/hh544/Jackagain/Bear%20trap_zpsh1erk...
That was beautiful. The USSR defied free markets for eighty years. The Fed has been at it since Volker. The USSR is going to win the prize. Dow to 3000, then I jump in.
But what do all these charts mean for the €276.14 in coins I have saved in an old bottle of burbon?
www.teamramgold.com/about-us
Back to the Futures!
I'll just bet some members of Congress are recruiting actors from the recent Liberty Mutual auto insurance commercials to complain about 'unfair' trading practices:
"What good is margin if they punish you when you use it. Hey, brokers, newsflash: Nobody's perfect!"
The Pee Pee T just crapped their pants...
yep, they shemitah themselves alright.
http://www.chabad.org/library/article_cdo/aid/562077/jewish/What-Is-Shem...
Incredibly enjoyable smugness this am as the breathless announcers marveled at the resilience of the US stock market giving China's overnight plunge the middle finger salute and a 600 point boost in the Dow futures. You knew it was phony from the start. Even better are the predictions that the Fed is certainly going to proceed with arate increase. There will be quite a relief fally when Fischer lets it be known there won't be one, but it won't last past that, the long slide down to where it belongs will then take place.
http://www.denk-bubbles.com/not-so-awesome/
Today's stock market recap seen from different angels:
https://www.youtube.com/watch?v=Ujwod-vqyqA
Repeat after me:
This shows beyond question, that the people running this "Casino" are liars, frauds, thieves.
Repeat this, as many times as necessary, until you calm down.
Liars?, there is abundant evidence.
Frauds, bearing false witness to deceive your countrymen repeatedly, with complete awareness of the profitable reasons, for you of course, to do so? Everywhere at every turn, the herd gets misled.
Theives, A true "Band of Brothers", doing "Gods Work"
Remember not to get too "Rowdy" about any of this or you'll find yourself in "Camp FEMA".
Bias;
Long Gold, Silver,Iron, Brass and Lead.
Cheers!
Here is a HF that thinks like ZH but also puts its money where its thoughts are; not into Von Miseian gold buggery but into monitoring the volatility Index to trigger its HF plays :
http://uk.businessinsider.com/china-market-chaos-makes-hedge-fund-its-mo...
When market complacency and FED profligacy to cheap money print makes market volatility a key index.
I got this, ... got this, ah fuck: https://www.youtube.com/watch?v=yHaZqTapqmo
Looked like he won the race.
This will help: www.cnbc.com/2015/08/25/jpmorgan-analyst-arrested-for-insider-trading.html
Only if his name is Dimon
Going Down Mr. Tyler...
Love in an Elevator, Aerosmith
www.youtube.com/watch?v=h3Yrhv33Zb8
We Muppeted some folks.
They always do this ... tell everyone the market crash will be in September and then front run it.
Santa Clause rally in september.
The mongrel CAT really is dead - the PPT put a stick of dynamite up it's ass - FAIL !
Buy equities when the bond market is calm.
This is a buying opportunity.
Come on ya pansy!
Yeah.....for TZA.
This cat bounced in front of a freight train – went splat! My gut told me this would happen when I saw Dow @ -only- +2xx midday. But I didn’t truly believe it. Was expecting at least a couple of green days b4 the cat died. This IS very very bad! The Coyote just looked down, realized he’s no longer on land, stopped running, and pulled out his sign that says ‘help!’ – Minsky free-fall coming to a market near you!
take heed: mut fund manager on fox bis was sad that since 2008 so many retail investors have NEVER come back to the markets...sad they missed out on the big run..well it is a message to wall st ..those with enough smarts to trade markets back then got hit in the face with the ball bat- that it's all crime and fake..so no many of us understand these markets are crime scenes.
Wonder how long the Japanese are going to take a stronger Yen and Chinese devaluation?How big can fiat-paper printing get?
there is a big rain forest being felled as we speak ,,, something about needing paper?????
www.teamramgold.com/about-us
"People's Bank of China finally cuts rate" 8/25/15
http://atimes.com/2015/08/peoples-bank-of-china-finally-cuts-rates/
Now is the time to invest in the DOW. Because of Obama's genius, and the wisdom of Ben Bernanke and Janet Yellen, America is on its way to a whole new period of 5% GDP growth, every year for like ... I dunno ... the next 10 or 20 years ... Hey ... Have you seen my cocaine?
Let's all buy the DOW to support America. I also think we should all lobby our leaders for a substantial middle class tax increase. Middle class families -especially white folks -need to suck it up and sacrifice for the good of the country. We also need to send a few billion more to Israel, and cut our ridiculous government spending so we can get ready for the next baillout of the banks- If their bonuses suffer, they will lose good talent and that could make it much harder for them to save the country. Our country must remain strong -the Iranians will soon have the ability to destroy us all with the nukes that are about to be made operational-likely within weeks. They will wipe Israel off the face of the Earth -and then we are next. We also have to deal with the Syrian and Russian aggression. Putin and Assad are Hitler wannabbes. They are an existential threat to our survival. They also oppose gay marriage and mock Caitlan jenner. Long and strong! Go on margin, mortgage your house and support Wall Street and AmeriKa.
... sure ... totally agree ... now ... WHERE'S MY COCAINE?!?!?
I think I'll invest in MS (Marge Simpson) hair, one month long, leveraged 3 to 1 (balls deep).
Good time to go short on everything for about a month. though at this rate nothing will be left but principal assets by then.
I wonder...does the PPT really expect to more or less permanently hold this market up, or are they just printing money and buying stock to give the big boys a last chance to get out? Using "my" money to further enrich the flippin' 1 percent. That's what I think, anyway.
funny how i was thinking about china's 'soe's'... and then, this today by 'fransesco sisci @ http://atimes.com/ 8/25/15 "Those who resist Xi's reform push block China's progress"
http://atimes.com/2015/08/those-who-resist-xis-reforms-block-progress/
Gloom Boom Doom's Marc Fabre warned us. Don't buy the dips, Sell the rally.
STFR
Get ready for Ho Li Fuk and Wei Tu Lo to take over. It's going to be a Jim Beam and Rufies kind of night.
... totally agree man ... now ... tell me where you hid my crack ... and my meth?
I know this much. Everyone after yesterday and today has thought about this at some point in the past 48 hrs.
That we had an opportunity to starve the fuck out of this beast and throw the individuals in jail that orchestrated it 8 years ago and wound up doing the oppositie by just continuing to "feed it" at our own expense!...
Hope that playing "Powerball" every day in the rigged Big Top that is NYSE with all it's consequences was worth it!
... yeah ... totally ... where's my cocaine?
"Did you drink the Kool-Aid?"
He's Right you guys...
Were all Drunk. That is why no one is posting very much.
I don't think "we" ever had such an opportunity. It's fashionable to say that "we" are to blame for all of this, but exactly how do you stop these individuals from what they do to us, short of using force? Courts and laws are a joke, prosecutors don't prosecute, and the entire system of finance is the creation of the elite in any case. It's doing what it was designed to do, which is to obscure our slavery and transfer the value of our work to the top of their pyramid.
At what point do we have any choice but submit or shed blood? How many people are capable of seeing this stark choice for the truth it is? Our instincts to be social animals are always used against us, and this is why The War Against Slavery is still the one great evolutionary fight of the human race.
Absolutely correct. The only thing that will change it will be shedding the blood of the rulers.
The American sheeple will whine them to death -Baaa, Baaa.
Poaster to my arguement, essentially what you are saying is that it's somebody elses problem -not mine because I'm not a lawmaker or "wearing the robes" even when they are breaking the law under the oaths they took to protect and defend the Constitution... So therefore whatever I do as an individual watching the slow motion train wreck being made by the very same corporation(s) I'm investing in with my money (which happen to be influenced by the lawmakers and "robes" they pay off) is irrelevant! It's all circular so where do you draw the line???...
Where does it end? Obviously it ends with "blood in the streets' but I guess it all depends on what you're willing to give up in order to make it stop before it's made worse!...
At some point it's up to the collective will of the people to decide when the system is too flawed, broken and taking advantage of (you or me) which is what ZH has been all about since it's inception.
My personal opinion and to my point?... We let this charade go on far longer than it should have after "9/11" and the bailout(s) in '08!!!
Tyler, since we might be witnessing a major historical event, your site will be a history book of immence value. What would go along well with this history would be an open thread that we could all post to as time passes. It could be pinned somewhere and only viewed and posted to by registered users. No BS post like F%^K him or her, just coherent observations and opinions of day to day events as we see them. How bout it?
THE END IS NIGH!!!!!
Never bring a knife to a gun fight ! Let the games really begin . This is about to get interesting!
Will stay awake all night to see the show, besides, that asian host al Bloomberg is so damn hot!
America and Europe are only going to continue to decline as they are flooded with tens of millions of illiterate 3rd world brown people. That's the only real story here - the suicide of the West. The suicide of Western culture, Western civilization, and the white race. This is a period of volatility as the reins are passed to "someone" else. Because Western civilization is committing collective suicide and collapsing.
It turns out illiterate Mexicans are not the same as college educated whites. It turns out illiterate, diseased Muslims and Africans are not the same as Europeans. Those who think the glory days of the West are coming back need to head to the local Walmart or Real or city park and look around. The West is finding out that aborting millions of white babies and using birth control to prevent the conception of 1 billion more has consequences. As you sow so shall you reap.
The Tribe does not care that they are replacing white Christian Eoropeans with diseased, illiterate immigrants from Somalia and Algeria. That has been their plan for nearly a century - Divide and Conquer - the balkanization of America and Europe. This is no conspiracy, It's a fact. Too bad their media and controlled education establishment covers for them -not to mention the criminal perverts they select and elect to Congress and the Oval Office.
My stacks of gold, guns, ammo, booze, and food (whose backbone is 100 can cases of sardines) are not moved by this!
OK - wtf is with the sardines? My mains are oatmeal rice and pasta. Seeds etc In addition I have sacks of all grain beer brewing plus the hops and yeast. Besides sardine Farts as weapons of mass destruction - where are you going with that?
Nothing stacks like sardines/herring. 100 cans of protein and omegas good for at least 5 to 10 years that fit in a roughly 12"x12"x12" cardboard box.
EffIcient - ok but suppose you have to eat that shite? When it kicks off - we can meet for trading my beer but only with you down wind.
Sardines are really good. Get your oil too.
my garden is not moved by this
Due to an abnormally low alcohol intake - I'm going to pass
Bitcoin $224. Alive and well.
I have money in this market and probably lost 20% (afraid to look) the past two weeks, yet this is still hilarious and awesome. The FED getting exposed is worth whatever is in that account.
20% of how much - please answer the question.
none of your business
Why not? I think if your going to present a viewpoint and provide stats then have the ballz to reveal them.
Hah. I guessed 20% because I don't own ETFs, and the individual stocks tend to get killed more than the overall market.
And if you were afraid to 'probably' look (implying you didn't), how do you know you lost 'x' percentage...
he is guessing...
Those who choose to guess, get left behind.
Is that from a fortune cookie or something?
I've been thinkin the same Thick Willy. If you are brave enough to LOOK you will see the turd world engulfing us. The greatest treason was planned and executed to take whitey down a few notches and grift his pocket while the goodies hold.
It's Lou Dobbs "War on the Middle Class".
Those with Advantages, access to power, the powerful, the King Makers, the Mayors de Palace...
They want slave labor Rates.
So they have destroyed borders in at least 3 different ways.
- Open Borders
- H1B VISAs for foreigners
- Out Sourcing and use of Temporary Workers or Part Time workers
- Automation, Computers, Robots
- Off Shore Jurisdictions for Corporations or Banking
- Off Shore Production & Services
- Compensation Deferred to Off Shore Trust Accounts
But they can also turn us against each other by creating a police state where the citizens are under suspicion and the police and other agencies are used to promote a culture of fascism.
- Busy bodies & kids turn in parents, kids, teachers, neighbors
- Networks of Surveillance Equipment now exist in all major cities of the world including Third World Countries
- War on Drugs, War on hiding savings or income, war on those that want to live off the grid or without city taxes, war on reputations, all allegations are recorded some place for security people to find and this data is available globally on US Citizens since US Collects this data and wants friendly relations
Bloomberg went hilarious... the guy is saying that "China should privatize in order to raise funds"
Fuck Bloomberg, too.
I bet America will know the true meaning of "Free Shipping" before that happens...
Fuck Wall Street. The ONLY possible good thing is that the crash of 2008 was just a few short years ago and people are still well aware of the bs they pulled and lied about. Maybe they will really be heads that roll this time. Like bloody heads cut off ISIS style rolling down the street. Kickball with a twist.
Hopefully,the steaming pile of excrement known as the US stock market,gets put out of it's misery,once,and for all,this time..
A very small sliver of the what is going on in 'old auto"
http://www.lonelyvalue.com/
Funny stuff.
"Pump it up until you can feel it.
Pump it up when you don't really need it."
I took the day off to go downtown and run errands. I made it a point to mention to everyone I could that the stock markets were really taking a beating. Probably talked with maybe 20 or so people.
Every one of them said 'Really? Man that's GREAT!!!'
Sad, isn't it..
No "tanks in the streets" threats? Meh, this is boring...
tanks really are not particularly useful when it comes to crowd control.
bring out lots of thugs with badges, body armor, tear gas, shotguns with "non lethal" munitions and L-RAD cannons and then your getting somewhere.
course they also have to be equipped with assault rifles, gpmg's and sniper rifles just in case the serfs get to upity...
No bullets flyin yet. It just means people are still sheeple'n it.
I would hate to be that skank Swellin Yellen's cluster---- right now.
Come on peeps ... (where's my cocaine?)
https://www.youtube.com/watch?v=ZBYNM0l_0WI
Ha, wrote this about 3 years ago.
"So, all us data geeks have to make some kind of prediction right? Well the day before 2012, I will say only this. If 60-70% of the market is HFT algos, then what does that mean? Well, they don't hold positions right? So why wouldn't the market start in the morning at some nominal level (say 10,000) then fluctate wildy all day only to return back to nominal? Day after day after day. We already saw this pattern for one long period (the year of 2011). Will we start to see the same pattern at shorter periods? A year, to a month, to a week to a day?"
Kudos Tylers on the line: "What was really driving stocks today was simple - USDJPY fun-durr-mentals..."
Can't emphasize this enough, today and every day. With PBOC -- Japan's biggest trading partner -- easing/devaluing, how much longer will BOJ wait? They know full well that if USDJPY can't hold 120.11, the yen carry trade is toast -- and, with it, the rally.
Interesting tidbit: at yesterday's lows, the ¥80 trillion in equities held by BOJ and GPIF - if invested solely in Nikkei 225 -- would have lost ¥14 trillion in less than 2 weeks. That's 2.4% of Japan's GDP. I hate to say it, but BOJ has no choice but to ease/devalue again, and soon.
http://pebblewriter.com/japans-equity-trap/
Asia kinda tip-toeing into the open...
What I have realized over the past few days is that I don't need a financial adviser...I need a fast draw "algorithm adviser"...you know "have gun (algorithm) will travel"..
Only a financial advisor that is not retiring soon would tell you to stay in because it only took 5 years to recover the loss of the last recession.
Here are some more signs of a recession.
http://michaelekelley.com/2015/05/29/mergers-and-acquisitions-set-record...
http://michaelekelley.com/2015/02/20/fed-warns-of-two-bubbles/
http://michaelekelley.com/2015/02/24/would-you-pay-39-more-than-asked/
http://www.zerohedge.com/news/2015-07-27/when-will-we-ever-learn/
Here is how to respond.
http://michaelekelley.com/2014/10/16/8-things-to-do-when-recession-happens/
Here is how to get your mind off this stuff.
http://michaelekelley.com/category/humor/
Good luck!
McClellan Summation Index not pretty, much worse than last October.
http://stockcharts.com/h-sc/ui?s=$NYA&p=D&yr=3&mn=0&dy=0&id=p83733137120
But, is it also a technical unwinding that Yellen and company wanted? Dunno.
I've been telling people for two years that the market was bullshit and would eventually fall (and got my share of snickers and eye rolls along the way), but today's collapse surprised even me. Seeing the PPT get beaten down like a stray dog was sort of like seeing Superman get his ass whooped by Zod & friends. If "They" can't keep this market up then nothing can. I was expecting a bottom around 1700 for this dip, but now I'm thinking it might hit the 1620-1400 air pocket of early 2013, and then...
Well, I guess I'll have to see what the PPT does tomorrow. For all I know they're about to unleash $2T of fresh bills to buy absolutely everything offered until 4 PM, no questions asked. Push Apple back to $120, a few others, and suddenly the "dip" is done.
The King is a wimp. Clowns win,
http://www.bloomberg.com/news/articles/2015-08-26/burger-king-offers-to-...
"Burger King Offers to Sell ‘McWhopper’ in Truce With McDonald’s
Burger King is hoping to set aside its rivalry with McDonald’s Corp., at least for a day."
I don't really see any support until 2007 highs
(161.1 SPY)
I have tried to find something higher - perhaps 167.5 on equal rectangle.
Think the USgovt manipulators will come in in the next few days and push it back up to the lower edge of the band.
(2036 ES area) and if it fails there then sell
Fed to China: keep selling us back our dollars so we don't have to announce QE.
China's response: Gei ni weishengzhi (google translation: give you toilet paper)
Jon Cahn was saying the biggest drops were on Elul 29 but look at every drop - to maximize profits you must be out several months BEFORE the BIG ONE!!!! Was every sheep going to wait until Sept 11 2015 to pull out?