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Dow Follows Biggest Crash Since Lehman With Third Biggest One Day Surge Ever As China Dumps Treasurys
Another dead cat bounce... but this one didn't completely collapse... which means...
S&P kisses goodbye to #correction. #Adios!
— Amanda Drury (@MandyCNBC) August 26, 2015
Log in to Etrade like pic.twitter.com/FhjdbiBWf5
— 3:30 Ramp Capital™ (@RampCapitalLLC) August 26, 2015
Victory!!!
As Nasdaq gets back into the green for the week!! Mission Accomplished...
As post-European close panic-buying hit US Stocks...
And Bonds were brutalized today as the realization that China is selling spreads... This is the worst 2-day percentage yield rise for 30Y bonds since Oct 2011.
And bond liquidity was absymal....
10Y Futures Volume 8/19: 1,342,746 8/20: 1,144,180 8/21: 1,378,470 8/24: 2,922,005 8/25: 3,111,586 Today: 1,349,883
— Stalingrad & Poorski (@Stalingrad_Poor) August 26, 2015
Another day, another overnight ramp on vapor-thin volume to maintain the illusion into the US open...
And then the panic-buying ensued.
CNBC cheerleaders out en masse today once again... which made one tweeter think...
if as cnbc says this is a healthy correction - why are they running "Markets In Turmoil" every night?
— Tim Backshall (@credittrader) August 26, 2015
But thanks to USDJPY, eveything was awesome...
Volume was weaker than it has been in the flush...
NOTE - today saw another lower high!! Be Careful
Today was the biggest short squeeze since mid Dec 2014...
Perhaps a little context is required for this 'healthy correction'... Todsay is The Dow's biggest point gain since Oct 2008 (and biggest percentage gain since Nov 2011)
AAPL's best day since April 2014...
And VIX saw its signal early on and pushed down to meet it... VIX crashes below 30 once again...
Meanwhile - have no fear, The VIX Term Structure is 'normal'....
looks totally safe pic.twitter.com/6B7iV6RQMA
— HedgedIn (@noalpha_allbeta) August 26, 2015
Chatter that credit risk has turned are overstated... as counterparty risk seems notably bid still...
But the S&P has caught down to the weakness in the credit cycle...
EUR weakness and Cable hammered drove the USD Index higher on the day and back into the green for the week...
Commodities were all sold with silver and gold worst hit. The PMs did stabilize a little after Europe closed as copper & crude kept sliding...
WTI ended at the lows of the day with a $38 handle once again (despite weak production and a big draw)...
We leave you with this comment from one bruight CNBC anchor, smiling gormelssly at thblionkg green lights...
"Concfidence In The Market Has Been Restored"
So no need for 'Markets In Turmoil" shows anymore then?
Charts: Bloomberg
Bonus Chart: A Change In Trend Is Coming...
The one Sentiment Survey that's NOT contrarian signaling potential change in trend pic.twitter.com/tM2fK8DogK
— Not Jim Cramer (@Not_Jim_Cramer) August 26, 2015
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and again! the swings.. incredible... really is
‘Something We’ve Never Seen Before’, A 1,000 point drop in minutesLast time today. Come get your tickects to "Rampfest 2015" brought to you by PPT. It's a great line up featuring, the new hit bands, "Buy The Fing Dip", "Yellens Got your hairy back", "We don't need No Fundamentals", and "Hedge Funds Matter". You must be at least 21 years old and a satanist to enter, we will be checking.
September is going to be a doozy
This swings more than WTC7.
Nothing is connected
Nothing is real when you're having a dream
Nothing is connected, and QE's the only steam
I am beginning to think, this is a dream within a dream, within a dream. Wake Up!
Party like it's 1929.
Back then, the hooch could blind you. Today, that's the media's job.
I need a drink...
Funny how they're all saying "3rd biggest point gain EVER", but never say WHEN those point gains happened:
1 2008-10-13 9,387.61 +936.42 +11.08% (MID-CRASH)
2 2008-10-28 9,065.12 +889.35 +10.88% (MID-CRASH)
3 2015-08-26 16,285.51 +619.07 +3.95% (TODAY)
Hmm...
I talked with my 83 year old dad today, and once again pleaded with him to bail on the market. He said everyone on TV was saying this was just a correction. I asked him if he thought of the possibility of more QE, he said 'what's that, they never talk about that on TV, and do you think you are smarter than everyone on TV?
…and do you think you are smarter than everyone on TV?
That’s rough. I guess he wouldn’t go for some store-able food, guns, ammo, and a water filter?
"The bald screaming guy is our friend and looking out for us. I just wanna make you munny"
"What's that you are saying about Golden Sacks?"
Fed is so fucking scared of what's coming in September and October which is normally when every 7 years or so the typical months when the shit hits the fucking fan. And they've created the most epic mess in the history of the universe this time around. Everyone is waiting to sprint for the exits screaming at the drop of a dime at this point the closer we get to Sept. and Oct.
So this is a dead cat bounce...and the Fed might just launch QEternity just in time for Sept. and Oct. in order to cover everything up and kick the can down the road a little longer to try and convince everyone they've got the markets covered no matter what and won't and CAN'T raise rates even a fraction of a point.
We'll see how long they can extend and pretend further.
I highly doubt if they get out of 2015 alive that they can get through 2016 without full global implosion and WWIII.
In other words,
DON'T SELL YET SHEEP, JUST STAY IN YOUR SEATS AND REMAIN CALM WHILE JEW SCUM EXITS THE ROOM AND LOCKS THE DOOR.
Carry on now...
maybe some black gunmen will emerge on "everything is fine" CNBC live TV and ......
Unfortunately I have found that people who do not read 'real' books want you to explain in 15 seconds how the world works, then they claim you are reading too much into everything.... without having even picked up a real book and tried 'reading' for themselves....ugghh!
(not picking on your Dad...just frustrated with people in general!)
TV has convinced most of the mouth breathers there is no history and if there is it is useless in figuring our the present and more importantly the future. Face it we are pretty much alone..
Cue - Freddy..... Damn Hollyweird...
I think a lot of us have run into this phenomenon. Understanding takes experience (either yourself or by listening/reading from others), and time to reflect on and digest those experiences.
The other impossibly hard discipline is to question yourself and your assumptions. Years ago I got into renewables because I thought I could save the world. Then I found out many (not all) of the technologies are pipe dreams at best, or thinly disguised funnelling of cash to ag lobbies. But even those who saw it first hand still bought into the lie, because that's what you had to do in order to advance your career.
Then you go out and try to explain this to anyone who has bought the green agenda uncritically, and you are an instant Luddite, or a cynic, etc.
So an 'up' day?
See you tomorrow, Yellen.
Bring your checkbook.
"Bring in the Shearers!"
Who does CNBS's TA? The BLS?
Yep sure looks like another "whistling in the dark" day.
Tomorrow, the central government in China will promise everyone a pony, and the DOW will open up 1,000 but crash in the last hour and finish red.
Why can't Janet offer us a pony. I'd like a pony.
yup...this is just a dead-cat bounce for sure. Wait til late September, early October.
And regardless of aaaaaaaaaaaaaaaaaaaaaanything...even if 2015 survives the shit-storm coming our way right now, then use it as just a little bit more time to prepare. Because there's no fucking way this world gets through 2016 without the motherfucking collapse of all time.
These things now are just those tremors that we feel before a major earthquake or a massive volcanic eruption. That's all it is with a little bit of control by central banks and government. But they don't have much firepower left. They can't plug up all the holes in the bursting damn of debt. And for another tragic analogy...they can not ever do a fucking thing to stop the ultimate Tsunami of debt and collapse that's coming our way at 200mph.
There is no high ground anymore.
Always the when
Can I bring my crack pipe?
Widespread sharing of killer's 'snuff' video under fire
http://tinyurl.com/netmhzm
My cats breath smells like cat food...
It tastes like burning!
Bread and Circuses, then
Cheetoes and Liveleak, now.
Crack is so 1980's after our invasion of Afghanistan heroin is what all the kids and adults (that found it cheaper than pain killers) are doing today. Get with it.
just dont do fentanyl. srsly
or bath salts
You must listen to NJ101.5
who's that jew cunt who's on for like 6 hours every day, i had to listen to her after Sandy to get any news. really fucking brutal.
I don't think you're going to need to smoke any crack. In fact, you might do better to have some Valium, aspirin, and even a lot of ice on hand. Reality will seem like cocaine poisoning.
Wham, bam, thank you ma'am
FRB saves the day.
"Market must APPEAR to be up going into lift off in September," Dill Pudley
They've taken the fun right out of fundamental...now it's just mental.
oprah looks like the unmentionalbe one
I think it is time to recognize the "the market" doesn't really exist as long as the Fed is willing to provide *unlimited funds* to buy back stocks.
Charts only make sense in an unregulated market. What we have here is a totally manipulated puppet show.
The banksters are in control. They have the ability to create unlimited money through the Fed, which allows them to buy back the entire equities of the world. And that is what they are doing.
They also have the ability to create unlimited naked shorts, which allows them to totally manipulate the commodity and precious metals.
This is fascism. They can do whatever they choose.
And Kevin Henry is the Flash!
https://www.youtube.com/watch?v=Gy78sP7N-tM
At what point does the Fed's buying of US equities break everyone else's market?
Keep Calm and Sell US Treasuries
PUMPANDDUMPAGEDDON!!
turn sound off day on cnbc.
great tits
Two of them!
https://upload.wikimedia.org/wikipedia/commons/8/86/GreatTit002.jpg
Jeebus funking cryste...***shakes head sadly***
Want to derail any discussion of what's going on in the world? Forget false-flag shootings, just flash a pair of titties! Guaranteed to make everyone forget about everything else, except maybe Caitlyn and the Kardashians.
Ha ha. I clicked to see those tits.
Four Chan - Best avitar ever!!
bunghole has a good one too.
cnbc has sound?
"markets...."
hilarious.
At least we still know Apple is a normal market. Look at the chart.
Don't upset the Apple chart!
This swing up ...check out the volume divergence(YM-20 minute chart posted above)!!!!!
On a side note. I think a shooter today fucked up the kool aid for this ramp. Everybody will be wanting kill another ethnic group by the end of evening news.
the express elevator to hell is now fully loaded with sheep,please mind the doors,doors closing
Whew!! Glad that bear market is over! Onward and upwards....
They mentioned the O-word...Oil... running "Markets In Turmoil" every night?
Will the markets slip-slide-away-over-time with Oil goin' down ?
Bob Pissani's gettin some cock tonight, for sure!
What a near 4% rise....it's in-the-noise ?
In 2008 those were like 5% to 10% rises (mentioned on ZH and Burning Platform).
If today excites Pissani...more power to him (things must be slow).
I see over the last few days there are 3 tops...today the 3rd. Will this be major resistance ?
Could be.
TODAY WAS BY FAR AND AWAY THE MOST RIGGED DAY IN THE ''MARKET'' IN YEARS.
THERE WAS ALMOST ZERO REASON AS TO WHY THE FUCKING ''MARKET'' WAS UP 600 PLUS PTS. IT WAS TOTAL GARBAGE.
IT WAS LIKE THEY SAID '' WE GOTTA DO ANYTHING IN OUR POWER TO ERASE YESTERDAYS LOSSES AND THEN BRING BACK THE NET GAINS WE SHOULD HAVE HAD YESTERDAY IF NOT FOR THE LATE DAY SELL OFF.
FUCK OFF KEVIN HENRY AND ALL HIS FUCKING PARTNERS IN CRIME, YOU BASTARDS R THE BIGGEST DIRTBAGS OF ALL.
There was a perfect reason for it: Central Banks worlwide bought futures by the boatload. The best part of it ? They did it with freshly printed money too...
Makes one wonder if they have already fired off QE4. I noticed the last couple time the stock buying started a week or so before the announcement of QE.
#41
you mad bro ?
Hey +1, you didnt spam your blog. You are human.
calm down, it's still -11% from the high and it's gonna go lower
Don't you mean it was a -11% increase and it's going to go higher.
You need to work on your doublespeak.
Fine, it's 11% from the high....settle down beavis
...and thousands of points from where it SHOULD BE....
DOW 8K....BY XMAS
+119 exactly.
Always consider the hidden meanings. Always.
This is nothing more than a "dead Cecil the lion" bounce. The crazy stuff is coming. Look for 1985 on the S&P & 16500 on the Dow. That's a 50% Fib retracement. My guess is we drown after that.
"TODAY WAS BY FAR AND AWAY THE MOST RIGGED DAY IN THE ''MARKET'' IN YEARS.
THERE WAS ALMOST ZERO REASON AS TO WHY THE FUCKING ''MARKET'' WAS UP 600 PLUS PTS. IT WAS TOTAL GARBAGE.
IT WAS LIKE THEY SAID '' WE GOTTA DO ANYTHING IN OUR POWER TO ERASE YESTERDAYS LOSSES AND THEN BRING BACK THE NET GAINS WE SHOULD HAVE HAD YESTERDAY IF NOT FOR THE LATE DAY SELL OFF.
FUCK OFF KEVIN HENRY AND ALL HIS FUCKING PARTNERS IN CRIME, YOU BASTARDS R THE BIGGEST DIRTBAGS OF ALL."
fixed it for ya rigged...
almost like it was china
They have to pull all the momentum traders into fibo 61.8 before the selling resumes.
Exactly, I think we drown as soon as we hit 50. Just my opinion.
We're all gonna' live forever!
This volatility means we have a stable strong economy!
Nevermind the $500 Trillion of debt rattling around the globe, it's all good!
“Every Day is a Fun Day” from "Everyday Is Like Sunday" by Morrissey
Plunging lower, as through quicksand
Back to the place where your funds were frozen
These are the hopeful stocks that forgot how to go down
Armageddon—come, Armageddon Come, Armageddon Come!
Every day was a plunge day
Every day was silent and grey
Side with the Plunge Squad in the post-drop
"How I dearly wish I’d bought more here"
In our Capitol town, central bankers hunkered down
“Come! Come!” Comes the ‘all clear’ sound
Every day is a fun day
Every day’s now strident and gay
The Fed claws back the Invisible Hand
And a strange lust sparks demand
And rips off your face
Off your face, your short face
Off your face
Every day is a Fun Day
"Get Yourself A Cheap Play"
Share some Fed tea with me
Every day is strident and gay
Financial war wasn't won in a day.
The PPT or more likely a subsidiary will soon announce an anti-aging drug that adds 50 years to our lives and a cure for all cancers. This will keep the housing up since we won't have a massive die off of seniors leaving vacant homes all over the world. Lawyers won't steal 30% of the wealth and the gov 60% of it due to inheritance "fees" up up up. The markets will remain liquid! USA! USA! USA! wait...what?
Sound bite of the day is a Fed official saying no rate hike in September. That's all that matters. When another Fed official says September is still on the table, the market will go back down. Until then, since we broke above the 50 bar MA on the 30 minute SP-500 chart, Mondays high is the level to watch.
...most intelligent thing I've read on this site all day.
As long as the PPT doesn't run out of fairy dust and meth.....
Monday was no joke. Those lows are coming back whether the PPT likes it or not. My guess sooner rather than later.
full retard!
Take that China. You bunch of stupid fucking ants. Don't fuck with The Tribe. We will bury all 1 Billion of you and take your gold.
O AND DONT WORRY, BEING UP OVER 150 PERCENT IN 5 YEARS ON ZERO GROWTH IS NOT BEING OVERBOUGHT, BUT BEING DOWN 10 PERCENT IS WAY OVERSOLD ACCORDING TO MSM
What a broken casino. All that pump will probably lost in minutes tomorrow. I wouldn't touch this market with Bernankes syphilitic dick on a 10 foot stick!
Kind of like Go Dick.
Careful with that selfie!
Just ask Anthony Veenoor.
Today's action is to assure the suckers that all is fine. Just wait until Friday when the bottom drops out of the market . . . . setting us up for a real "black Monday".
Everybody will be like: "Nobody could have seen this coming!"
It's starting to look like the battle between Sith Lord Palpatine and Master Windu with the old bastard screaming "POWER...!" as Windu struggled to crush the now-revealed evil before him...
...of course, the young Jedi Aniken is US, watching alarmed and perplexed at the startling contest between "right", and the "good" he THOUGHT he knew...
Despite Windu's pleading and sound rationale, we know the choice "Ani" made.
All it takes for evil to win is for good folk to do nothing...
...or worse, play too.
m
You can always trust the PPT to support BTFD(ATH)
Nailed it.
Tsar Pointless
Vote up!
2Vote down!
0If it happens two days in a row, blood will run on the streets.
I don't think it will. Today should be the absolute inverse of yesterday. I think we rocket up into the close, probably up toward 1940 on the S&P. They really want this day to be ridiculously green.
Today's close got me so hard. It means short restrictions will be lifted and I can make immense amounts of profits from shorting at really attractive levels. Not only that but the time period of ripping off the unsuspecting market participant has been extended.
China selling UST's is very bad news.
Not that anyone at the BlowHorn seems to care about it though.
so your selling treasuries nice stock market you have there shame if something should happen to it,you know you guys outa be a lot more careful where you leave chemicals lying around
It's basically the best technique they have for driving their currency down. Kind of a risk for their equity market, though: At this point I'd say international investors are even more likely to sell to cut their exposure, rather than see Chinese shares as cheap and come in as marginal buyers.
Let's call this the ' less compelling ' rally .... the boyz heard what they wanted to hear from Dudley.
Baltic dry index puts for August=900 for September = 98 is that bad?sorry to digress
When there is nothing of note to drive the DOW up 600plus pts. Other than to make up for its previous day(s) slide.. Its NOT a market based up economic fundamentals, but a rigged prop for the masses that all is well in amerika.. duh...
There was something of note: Dudley did a Bullard.
How much counterfeit money did the buggers spend today driving the market up? Is there no limit to what they can spend? Does the PPT own half of Apple by now?
See also AGN, GOOG, AMZN, and NFLX. All the big positions came out to play today.
I can hear Art Cashin now - right after work at his neighborhood bar with his friends and co-workers. "All I know is this is going to be one helluva motherfucker when she blows.".
more like drinking alone in the corner, with his Parkinson's shakes : "who's that old creep?"
I can picture that...
Excuse me, I needed a few minutes to stop laughing before I greened ya.
There...done.
m
It all continues to make perfect sense...
DOW 20,000 after China dumps another $500 billion of US T(s) here we come!...
Followed by another massive explosion of a strategic Chinese port!!!
The plan is to inflate the market so high that entire continents economies can shit the bed and have little effect on the overall market.
HOLY SHIT!
The sun just went supernova!!!
...BULLISH!!!
So this is a good epileptic spasm?
Happy Days are here again!!!
MarketWatch big boys called for a double so tomorrow should be another,,, one hit wonder.
Might as well strap in folks, Dudley gave the "All-Clear" today. We are going to new highs and then some
THE EXPECTED PATTERN SHOWS A BEHAVIOR THAT INDICATES A MARKET CRASH IS CLOSE. HISTORY DOES NOT LIE. I DECLARE SEPTEMBER 15TH GIVE OR TAKE A A FEW DAYS AS THE DAY SHIT GOES DOWN....
Nonsense. It's all puppies and rainbows from here on out. I heard it on CNBC.
is that the same "bat (sheit) channel" Lucille Ball heard via her teeth?
The storm is getting closer, no longer small chop, the big waves are starting to hit.
Followed by... October...the only U.S. carrier will vacate Gulf. Gulf of Tonkin II.
It's not coming down 'til TPTB say it's coming down.....once all the serfs feel safe and cozy...they'll lock the doors and burn the fucker to the ground.
Didn't take them too long, did it?
DUDLEY: CASE FOR SEPT RATE HIKE LESS COMPELLING
DUDLEY: I REALLY HOPE WE CAN RAISE RATES THIS YEAR
I think the un-fed does shit like this.... the crash & blast just for fucking sport.
They get bored with the same old slow screw and like adding a little spice.
Then they sit back and laugh their fat asses off ....We are the masters of the universe they slobber.
Jerking the little guy around is what they seriously enjoy doing.
Fuck the un-fed each and everyone on of them!
FED openly buying stocks is being suggested by mainstream moron economists like Roger Farmer openly for a long time. Absolutely horrifying:
"First: Give the Fed the power to buy a value weighted Exchange Traded Fund that contains every publicly traded stock. Commit to support the ETF by buying stocks. Pay for the shares by borrowing, or by trading Social Security Trust Fund."
http://rogerfarmerblog.blogspot.co.uk/2015/08/the-next-great-depression....No, they would do that by providing funds to someone like JPM to buy up the futures
Surprised ZH didn't report on the dismissal of the case against the collusion of HFTs and exchanges. "Just Us" reigns supreme once again.
http://www.reuters.com/article/2015/08/26/highfrequencytrading-lawsuit-idUSL1N1111TZ20150826
Greece, China, Puerto Rico, Brazil, Venezuela, Spain, Italy, Japan............................those problems have not gone away you know.
"Oh, please, lawdy lawd, please, just let me get back to even!! I promise I'll sell all my shares and I'll never play in the stock market again! Oh, lawdy....please.....
overheard in every Cramer-watching double wide in US
I'm not too proud to admit that I said this same prayer after 2008 when investing in the DOW at 10k, became a holding exercise at 6k.
After too long and only when the market got back to 10k, I cashed in my chips and left the casino.
I don't mind admitting any of that.
Amazing: just heard CNBC's China reporter indicate one company is having a "Sad Stocks" day, where you get a day off if you have a 30% or greater portfolio loss.
Wish I had self-administered the same policy while I was teaching myself to day-trade the Russell a few years back ...
Trade crude with Uncle Saints and fuck those cash indicies. It makes a little more sense.Not much more just a little.
I overheard a snippet of conversation today between a gas meter reader and the local UPS gal: " ...the only folks crazier than RUT traders are those damn commodities guys!"
LOL!!!!
I think we all are crazy. Give it a look one weekend when it is raining. Just see if your strategy works.
I tell everyone I know Get... Out... Now...
Get... Out... Now...
GONe or GONif?
The BIG drops and BIG re-gains are perfectly normal in Bear Markets. It is textbook behavior.
What you are seeing ... is the re-emergence of REAL RISK in the market, and REAL FEAR in investors.
LET ME ASK YOU ONE QUESTION
Did commodities suddenly make a stellar come back in prices - and did cargo freight suddenly surge to levels that indicate healthy global trade???
NO ... ???? Then guess what ...
Shutup. Have a drink. This is a party.
Nothing but a head fake. Pure gambling at this point. Better odds playing poker.
No, and that's why I'm holding to my position of 500 shares SPXS and am looking for an entry point for 500-1000 more.
I see absolutely every indicator suggesting major downside risk in the short term. As ZH points out, this pattern is a classic, text book case of lower highs, on poor volume.
This was a pointless melt up. Until QE4 comes online (if it comes online), they can only tinker with the overall trend, which is down.
Even the omnipotent jewish bankers have to concede to the jewish curse every 7 year. Shemitah.
Sept. 2015
That has to do with Israel, not America. Just another Bullshit propaganda to try to blame the Jews for everything. That shemitah crisis theory doesn't hold but if you keep going back 100s of years ago. It is a recent development in the last 100 years ... A new world order concoction to try to pass the blame on to the Jews.
A university study in 2012 concluded that they spent $27 trillion on propping it all up,what they haven't attended to though is real wages,consumer spending and growth,world trade has collapsed the last three weeks,they can ramp this bastard to 50000 but were fooked,its a phyric victory today
Ughhh
You know it's a fubar market when Charlie Gaspirino is so sick of it all that he describes it as a "masturbatory mess" on live TV on Faux Business News 10 minutes before the bell.
Bukakki Theater?
"...from one bruight CNBC anchor, smiling gormelssly at thblionkg green lights..."
Looks like those lights are confusing...do what???
Will ATMs be working this weekend, or should I do all my grocery shopping today?
Can you feel it coming? It starts off as a nondescript anxiety and ends with a terrible burning in your ass. Armagheddon bent collapse coming soon, this is peak delusion.
Damn - I thought that was just my hemmorrhoids acting up again. Glad to hear its just the market collapsing.