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US Equities Are Crashing Again - Dow Futures Down 430, AAPL -2.75%; NYSE Unleashes Rule 48 (Again)
US equity futures markets have just pushed to fresh overnight lows, with the last leg down seemingly triggered by the CAD recession print. Let's hope Cramer and Cook have another email up their sleeves as weakness in AAPL is notable - down 2.75% in the pre-market. Lastly, we noted US equities are rapidly catching back down to the XIV-implied lows as the last few days bounce evaporates. And then NYSE instigates Rule 48 once again to save the world.
- *NYSE AND NYSE MKT CASH EQUITIES MARKETS WILL INVOKE RULE 48
- *NYSE AMEX/ARCA OPTIONS GRANT TRIPLE-WIDTH OPENING QUOTE RELIEF
- *NYSE AMEX/ARCA OPTIONS OPENING QUOTE RELIEF FOR SEPTEMBER 1
Ugly...
AAPL Ugly..
It appears XIV was on to something after all...
But XIV is crashing - down 10% now - and below last Monday's crash lows...
Charts: Bloomberg
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Wake the fuck up PPT.
Hang on, they need to pee first (crap too for some), then a breakfast meeting on how to do it. Then they do it.
Waiting for Tim Cook to page Jim Cramer again any second now during Squawk Box.
Bullish!
Perfect 50 fibo retrace, Now we start drowning. Almost too easy.
Release the Bullard. Fire up the the printing presses. The sheep are completely clueless.
Rule 48 implemented...now for the PPT.
Your right they are buying hard into the open to level this out!! This is GOING TO GET MAD MAX WILD HANG ON!!
Roller coaster ride is all in prepearation for the SUPER SHEMITAH !
Pivotal Time Window For September’s Super Shemitah: 9/13/15 thru 9/23/15
http://cosmicconvergence.org/?p=11090
BTFK (buy the falling knife)
also for added fun look up that acronym on urban dictionary
oh dear.
Bullishit
Maybe he and Hilsenbreath can co-author something really moving and sexy?
[Grabs Crotch]
"Hey, Yellen; I got yer rate hike right here..."
Just make sure you have some plunge protection .....
Whole US market trading like a penny stock. Great job Fed!
Bullard!
Wake the fuck up!
http://www.denk-bubbles.com/james
Get me Deez Nutts on the phone immediately!
Or some other kind of leadership. Anybody!!
www.denk-bubbles.com/leadership
Any Shmitah doubters still left?
Right on schedule
The underlying harmonics are fucking unreal. Will.Make.It.Go.Up.
Rule 48 = Butt plugging the market.
It's OFFICIAL...longs have become the new shorts, they will be squeezed to provide shorts profits as they take this pig down...
I could use a long squeeze right about now... er, I mean, uh, you're talking about stawks? Shit, sorry about that.
*Yawn* Down 500 today up 600 tomorrow. SOSDD...
these large swings are just a warning. cus suddenly it wont go back up, it'll go down big again... and again... and again... and again... until it hits a snapping point which triggers impact on the real economy. then it all goes to hell again.
i already have clients who have slashed their travel budgets 50% for the next year or frozen them entirely. last time this happened... well, about 7 years ago.
Lao Mei - My business has been slow for months. Now it's dead. I hedged and have funds for a biz opportunity where this crash is a good thing. I Waited 15 years. I'll spread some coin around with info and literally. We must take care of one another now and demonstrate leadership by example. God bless all of you from all peoples over the next few years.
Lao Mei - My business has been slow for months. Now it's dead. I hedged and have funds for a biz opportunity where this crash is a good thing. I Waited 15 years. I'll spread some coin around with info and literally. We must take care of one another now and demonstrate leadership by example. God bless all of you from all peoples over the next few years.
I can't move until Gartman speaks.
Burn, motherf***er, burn.
Dennis Gartman .... "i am confused but still buying stocks" There is your problem
Gartman is a blatant liar...I mean with all the bad calls he's made so far, I am sure his own personal investment account would be close to 0 by now.
Space lord mother mother (?!).
"...The telephone is screaming, is that my mother on the phone???"
The Police
tony dwyer all-clear, all-in ... meet dennis gartman's confusion
tony dwyer all-clear, all-in ... meet dennis gartman's confusion
Put a 24kt frame around your comment!
Worked with the guy back in '06-'07 and he had the same uber-bullish "mid-cycle pause" narrative going. Wrong then, and will ultimately be wrong this go around as well. Listening to strategists is not a good use of time, energy or money.
Bill Gross?
The 'team' is fully awake - this time the underdog strikes first!
It appears to me the PPT goes home at 2:35 at which time the "market" attempts to seek value or am I being delusional again?
Get ready to buy NYSE stocks for $1 each, GE, JPM all of em just like the depression.
We wouldn't cross the street for free shares of those filthy beasts.
dive, dive, dive!
Torpedo in the water, or just glad to see me.
Both!
Yeah baby !!!!
Good job, Mr Fischer, for all this relentless talk of a fake rate hike
Turn Those Machines Back On!
Gartmen, where the hell is Gartmen??
Gartmen? There's more than one???
Who needs China?
The largest manufacturer in the world.
LOL.
Silly boy! No one needs 'factories' anymore, they are so 20th century! We will create wealth simply by rehypothecating existing wealth, which is already nothing more than rehypothecated wealth from earlier...
We will rehypothecate our way to global prosperity! No one will ever have to work again! No one will even have to print money! We will just rehypothecate! It's like recycling, only better!
The USA is the 2nd largest manufacturer in the world.
Big Mac assembly FTW!
The USA is the 2nd largest manufacturer in the world.
And what do we manufacture? Aircraft, and military equipment.
I'm sure this isn't the one (which means maybe it is)
Crude went from 47 to 47.50 in exactly 2 minutes lol. Now in the past minute and current one it dropped 30 ticks. LOL at the whipsaws. Noting unusual about this roulette wheel.
just pierced the $46 handle again. over 100 ticks and counting in roughly 8 minutes.
moved back up almost 60 ticks in 2 minutes. Now we are going back down 34 ticks in 1 minute. AWESOME!!!!!!
so to summarize the past 8 minutes we have moved from 46.77 to 47.47. It is acting like it is ready for an epic ramp.
and it was at $38 a week ago. a 25% ramp in 5 days.
and you should see the show live if youh aven't. If you like horror movies with saws come watch this. It is crazy. Although I believe it will be at $40 by payrolls. Then again commodites to me are a safe haven.
Mr. Gartman, if you would like to keep your positions you will need to immediately wire us a bank check. Thank you for your cooperation in this matter.
Mr Gartman and his $50 CNBS appearance fees just can't keep up, maybe he can get a cash advance from LIESman.
He is just using his "personal" trading account.
One of those free ones where you get 20 USD credit upon opening.
So not much to worry about.
Come on PPT goalies! Put on those pads and STICK SAVE 4eva! LOL
And my puts are looking very nice thank you.
Oh F'n Canada!
Why you do us like that?
Another 2,500 point roller coaster Dow today? We can do this!
All down? :)
In a casino? That is not in the spirit of gaming.
I love the smell of napalm in the morning!
K-hen will be switching to mainlining caffeine and Red Bull today.
K-hen vs. The Margin Call.
Grab the popcorn.
As the economy spirals downward when oil and gas rise up to $100 the pain will be enormous.
It's a hard life when BoJ and ECB drop the ball for the US market because they are being pulled under in their own.
To Dust: Ummmm. I think that the last few days are an aberration of desperate hedge funds looking for a good month-end result. Gotta keep Alan Sands from liquidating according to ZH.
Which reminds me, time to check on how many naked shorts still exist in VXX.
The necronomy is just fine. I'm sure the FED won't hesitate to raise rates to prove how good things are.
It is no longer possible to tell what "reality' is. The red or blue pill? Are the HFTs all selling or all buying? Are the central banks buying or selling? Nobody even knows what the f*** the markets are anymore. They are NOT measures of value and profit expectations going forward. They are giant casinos, manipulated and traded in milliseconds on any news of Fed moves. Anyone in these markets is going to get fried eventually, regardless of QE’s, interventions, etc. The market has blown a fuse and it now running out of control. The feeble bought and paid for congress refused to try to rein in their oligarch Wall Street masters and now it is too late. We are going to crash and never recover. Good luck…
<---- Markets will close UP today
<---- Markets will close DOWN today
choose wisely!
<---- One brave contrarian soul betting heavy on the PPT
<---- Blind monkey randomly clicking on up arrows
I would like to remind everyone that we have football season starting and then all of the glorious holidays, so by the fucking dip.
MOAR QE PLEASE!!!!
SRAM to JHOLE- SRAM to JHOLE.....do you read me, JHOLE?
If Cramer is involed it's serious. How reassuring.
Long copper bullion and rolled sheet .... good warehouse money .... need a forklikt and flatbed to steal .... low maintenance .... good for peaceful booms .... and war booms .... coins ?
With a little zinc it can be made into brass.
Then, just add lead.
This feels like a great chance to btfd. I am not sure if I'm serious or not.
*NYSE AND NYSE MKT CASH EQUITIES MARKETS WILL INVOKE RULE 48
Clap on... Clap off... ALL GONE!!! The "Clapper"...
A little perspective might be useful here. 2% fluctuations in the market were not uncommon prior to 2008 - 2009. We've been so stoned on unidirectional market activity that we now call this a crash. Not hardly. But, I'd stay tuned for the second act.
We've been so stoned on unidirectional market activity that we now call this a crash.
So when exactly did Rule 48 come into existence?... Yes indeed... Just waiting for the "second act"!
I hope they have those air conditioners fixed in that warehouse in Jersey.....we need all of those HFTs today...its gametime...and everyone wants to play
LMFAO. I was thinking the same thought. Another air conditioner glitch.
wait till they invoke rule 49 and it'll start a 49 er!
"markets" -- LMFAO!!!
It is now a roach motel you stupid fucks!!!
You can only buy. you cannot sell. hotel Kalifornia. what's theirs is theirs. what's yours is theirs.
Rule 48?! We are relying on Rule 48 to save us? I saw the futures, down 2.8%. You would think we could get a rule from the teens at least.
Dollar decoupling commencement.
Paging Dr. Yellen, Paging Dr. Yellen - Your patient is flatlining....Please report to the emergency room with your rattles and drums....
This is why the British invented the Buck's Fizz.
As a service to those who are new to the market, "Rule Forty Eight" is an anagram of:
Fertile Orgy Hut
Therefor Guilty
Hetero Guy Flirt
Ugly Heifer Trot
Yurt Grief Hotel
Try Tough Relief
and, perhaps most importantly: Oh Guilty Ferret
I vote Ugly Heifer Trot. Makes me think of Hildabeast's run for the oral office.
Well since my baby left me,
I found a new place to sell.
Way down on the end of limit street
at the Yurt Grief Hotel.
I'm feelin' the limit baby,
I'm feelin' the limit baby,
I'm feelin' so limited, I could buy.
According to Norse, San Francisco and St. Louis are getting hammered.
yellen the fellon is hiding in her\his husbands cunt right about now I would imagine.
but i digress we're a few weeks out from the deadfall that will be the fake economy, perhaps we should all get busy figuring how to avoid the oligarchs next economy around eh.
Tim Cook is drafting another email to Jim Cramer.
BTFC?
Time to break the seal on...
1. A new bottle of Bourbon
2. My pisser
3. A fresh case of ammo
4. If not 1, 2, or 3, your answer goes here
4. Oxygen masks--remember to secure your own first before helping others
We have a winner.
Rapidly losing altitude.
I don't have a penny in the "market" so I'm just a spectator until the zombies arrive.
I'll start evaluating equities again when DJIA goes under 10k.
I will consider buying at 6k
Tuesdays used to always be the Happy "UP" day in the market.
http://www.cnbc.com/2015/09/01/sp-500-may-fall-further-10-15-nomuras-jan...
S&P 500 may fall further 10-15%: Nomura's Janjuah
Nomura's widely-watched strategist, Bob Janjuah, believes that the S&P 500 is likely to fall another 10 to 15 percent in the near term, causing the U.S. Federal Reserve to unleash more stimulus policies in 2016.
"When we were up at (2,100 points) I thought we would see 1,700 (points) at some point in late (third quarter), early (fourth quarter)," Janjuah, a senior independent client adviser at the investment bank, told CNBC Tuesday. "We made some progress towards that target, I think there's a bit more to go."
The S&P 500, a broad measure of U.S. stocks, closed on Monday at 1,972 points, a key level some analysts are watching for support. The index has just suffered its worst month since May 2012 on the back of Chinese growth concerns and jitters that the Fed is about to raise interest rates.
Janjuah, who argued in a research note in early July that a "flash crash" was imminent, told CNBC that his prediction was now in danger of coming true, although he conceded that he was slightly inaccurate with the timing of the plunge in stocks and how U.S. Treasury yields have reacted.
He now predicts that a further selloff for the S&P is "likely" and says that the benchmark 10-year Treasury yield could reach roughly 1.80 percent "in the next six weeks" with investors flocking to bonds as a safe-haven asset. The yield on the 10-year note currently stands at about 2.17 percent.
China and the Federal Reserve will continue to be the two dominant themes for markets, according to Janjuah. He believes that the Chinese authorities have "lost control" over their own stock market and other global central banks - like the Bank of Japan and the Fed - will continue to pump more liquidity into their economies to account for softening growth in the world's second largest economy.
"What I think the global investor needs to understand is that globally there's not enough growth, there's way too much capacity and we've hidden that gap with this thing called liquidity - actually liquidity is debt," he said.
"The workers of the world have no pricing power, without pricing power you cannot get a sustained cycle of inflation. And a world where we have got excess capacity and not enough demand, that's deflation."
Janjuah is no stranger to gloomy predictions, and has made several bold calls in recent years. In November 2013, he said that the end of 2013 till the end of the first quarter of 2014 would be a buying window followed by a 25-50 percent sell-off over the last three quarters of 2014 – a forecast that failed to materialize.
Goldman Sachs is a little more positive with its outlook. Peter Oppenheimer, the chief global equities strategist at the bank, has a "neutral" outlook on the S&P 500 but disagrees that a sharp selloff is on the horizon.
"I wouldn't say the bull market was over in equities," he told CNBC Tuesday.
"The valuation driven part of the equity market bull (in the U.S.) is probably over, in other words, the period where the multiples have risen very sharply as interest rates have fallen."
Sure, we have free markets... ROFL!
Rule 48... give "Just Us" and their minions time to compute new positions and get the muppet driving propaganda produced and disseminated.
What a joke. However, the good news is that I think that over the next 36 to 72 months or so, the joke will be on them.
Time to raise rates i say..
Sa·cré bleu!
Inspector Clouseau gets a special delivery
https://youtu.be/960UNEiOdTo?t=8s
"loud speaker, thump,thump, thump, this is the casino manager, we've just invoked rule 48.
we thank you for your participation, all atm's, and check cashing facilities will still be operating as usual,
the owner doesn't for see at this time that invoking rule 48a, today, will be needed, if so you'll be apprized at the appropriate time.
...market keeps bouncing off that limit down like when you rev your sports car too high and the limiter kicks in.
Janet:
"...not a good time for a No Bid market."
...wonder if anyone ever thought of a Limit Up Stop Mechanism to stop irrational exuberance (dumbasses)?
I mean, if we're really trying to manage Volatility it seems that would be the way to do it, doesn't it Janet?
Retest my arse, DOW bouncing off 15,000 by the end of next week.
No luck Plunge Protecting the stawks today, but they do have silver and gold locked in their rooms.
That's it. That's all you get for today's billions plowed into market controls, eh?
PFFFT!