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China Rate Cut Euphoria Is Fading Fast - US Equity Futures Halve Post-PBOC Gains
While futures markets remain solidly green, the pump that the latest China rate cut provided to stocks is fading fast...
And while it is very exciting that Dow futures are over 500 points higher, it appears more of a stop-run than "everything is awesome" again...
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<< Break to the upside
<<Break to the downside
Big flag formation.
Bullish, right?
Or, as this is China, should I say ;
Burrish, light?
Dude, did you miss yesterday? I am super bullish AND bearish!
10.000 point intraday moves, HERE WE COME!!!
It's difficult to take you seriously with that guy's dick in your mouth
More people are looking for the exits now, and see these spikes as doors out. This is the reason for the spiking and crashing. People now wait for the central bankn pump, and then sell. The CBs will end up owning everything, bought with worthless printed "money".
At least there is always a buyer. Eventually the banks will own a %100 of the markets.
Agree, but I don't want to see any more of the dick exposed either.
Im so straight, I dont look at my own junk during "sexy time"
That avatar reveals you to be a total and complete asshole. You should change it just so people will take anything you say seriously. That's somebody's daughter, too stupid or brainwashed to know what she's doing.
Scatter chart?
Cause my brain doesn't hurt enough this morning.
The free and fair markets will do what the Fed wants them to do.
Forward to free money.
They are going to try to settle it back down...but the HFTs are still out there and want another shot at a dip...or a rise for that matter...they play both ways....its all a game now....with the Central Banks throwing in money into the cage....it really is a joke now....and the little people saw that first hand yesterday and it will happen again...
September is shaping up to be a month to remember...
What is the bond market saying?
Doesn't say anything. It's all traded by algos now, too.
Why do Stock Markets rise and fall due to emotions and not fundamentals or hard analysis?
Latent Fixation with Technology, belief that computers and new science or inventions can solve all human and banking problems, and Fear of Vaginas and Mothers Emotions.
The long bond is saying "Look out below"
Looks like this has nothing to do with China.
ZH, I think you were right, something in petrodollar is broken.
Yes. And the connected derivatives are swinging.
Never had anything to do with China. Its about the credit bubble finally breaking.
The Hedge is completely wrong on the Petrodollar, it has never been stronger. The Petro Yuan has died in its infancy, and was likely killed by the Cabal.
We are quickly comming into the days of King Dollar as the world settles into total chaos.
Who in their right mind is buying? What a bunch of fools.
CalPERS and Goldman's muppets.
Rip your face of relief rally for the next 2/3 weeks, unless something has already broken.
Main event next month, stay wary my friends.Don't be tempted.They are looking for
bagholders right now.Don't be one.
Dont confuse a dead cat bounce with a releif rally, today is green (many expected it to be yesterday), lets see if they get follow through tomorrow, that will be telling. I think a ton of structural damage has been done, we will see.
Thats their plan IMO.
We all know that plans seldom work in practice.
China looks to be in for an extremely bumpy ride as a lot more investors question the risk of holding yuan assets. The general consensus held by everyone from deposit holders in Hong Kong to high-yield-bond investors in Europe was that growth in China would remain solid and continue. This has pushed along the misallocation of credit on a grand scale and continued the build-up of bad assets in the banking sector.
An estimate by Goldman Sachs has indicated China might be facing credit losses of as much as $3 trillion as defaults ensue from the expansion of the past four years. Nomura claims $90 billion left the country in July with the pace accelerating since the People's Bank Of China shocked the world by ditching its currency peg to the U.S. dollar. Capital flight for the first three weeks of August may be approaching $100 billion despite the use of harsh anti-terrorism and money-laundering laws to curb illicit flows. More about this shift and its implications in the article below.
http://brucewilds.blogspot.com/2015/08/chinas-massive-capital-outflows.html
Damn...not another CNBC Markets In Turmoil segment tonight.
Long dramamine.
I have no idea. Will read the history books after.
If you sit by the river long enough,you will see the bodies of your enemies float by.