This page has been archived and commenting is disabled.
WTI Crude Crashes 8% - Biggest Plunge Since Nov 2014's OPEC Meeting
Surprise!!! Month-end window-dressing manipulation massacred...
This is the biggest single-day drop since Nov 28 2014 - When OPEC stunned the world.
Charts: Bloomberg
- 29937 reads
- Printer-friendly version
- Send to friend
- advertisements -




These rigged casino markets are so blatently obvious that it will hasten the end of confidence in paper assets.
What confidence? By the way, where is Janet Yellen, in her bolthole?
I would love to see $35 oil. That sure would be swell.
Me too. More passengers for me to analyze. Delicious!
"Month-end window-dressing manipulation massacred..." this and Erika fizzled.
Anal yze? Thats what you kids call it these days?
I picture Janet rattling chicken bones in a cup then throwing them out on a pentagram painted on the floor.
Could it be a star of david just to further push the Jewish thing? If not I am ok with it as is.
The five sided Pentagram is Mars. God of War. The six sided star is the Sun. Energy.
Mars is more appropriate for the US. At this time.
I think we've passed beyond rigged now and are in uncharted territory and our Winter of discontent is coming.....
Sure it dropped 8% but it rose 10+ % the night before. Not really a smash if it does that, just volatile.
Rhino’s right: These little fluctuations
mean nothing… Oil is just a Barbarous Relic.
Barbarous relic...Say it with PRIDE.....
"Sure it dropped 8% but it rose 10+ % the night before. Not really a smash if it does that, just volatile."
ding ding ding! BTFD you scared bitchezzzz!
Sadly, 99% of the people don't know just WTF you mean by "paper assets". Yeah more and more are seeing the game is rigged but they just don't get it. They think Trump or Bernie will be the right leader. They aren't talking about the broken system.
Who says Barry's leaving??
" Forward, Comrade! "
As previously said, "Time to party like its 1929!"
Obviously such volitility has little to do with actual demand/consumption dynamics.
War premium would also be pretty much one sided.
How much of this whipsawing violence is smashing of options contracts by large Leveraged Players/TBTF, Sovereign Wealth Funds and Central Banks/CB Proxies?
Probably a lot. I can't wait to see the numbers for the Fed's reverse-repo (bank balance sheet windown dressing) facility the last 2 days of the quarter. It'll be through the roof, would be my guess.
ZH doesn't seem to follow that topic anymore.
Seems rather important doesn't it?
"I can't wait to see the numbers for the Fed's reverse-repo (bank balance sheet windown dressing) facility the last 2 days of the quarter. It'll be through the roof, would be my guess. "
Roger that. Any change in the reported reverse repo trend would be highly suspect.
With the broad indices down ytd I'd expect the window to book another record.
Fails To Deliver should also be telling...
I believe the end of QE meant the fall of oil prices, as QE money was being thrown at not just stocks and bonds but oil futures. Oil was $30 per barrel when Barry was inaugurated. A few months later it began it's rise to over 100 as Ben began his QE madness. QE ended last October and oil began it's fall back to normal levels. Supply and demand had nothing to do with it.
I wouldn't be surprised if it fell to $20 as Shiller says. It may be a tad overcorrection but when momemtum builds one way or the other, it's difficult to slow down.
The same thing will happen when house prices correct. It will be brutal downward for those who overpaid for their boxes. My former house shot up over 400% and has come down a but since then now over 300% what I paid. Definitely not worth it. I'm guessing a 50-60% correction in that market is what I'll see. When something slows down overseas buyers is when the housing crisis will be triggered again imo.
http://www.businessinsider.com/owning-a-home-costs-more-than-renting-2015-8
In the first 7 months of this year 570 houses in Vancouver have been sold for $3million or more.
Andy Hall given another quarter to fuck his entire book up...AGAIN.
Time to open up the Hurt Locker.
Surprise mothafoka!
These guys give window-dressers a bad name.
Obscene Manipulation.
As long as the doilies are pretty in the window, then the whole shop is peaches and cake....for fucks sakes everything is just a fake facade like the ending of Blazing Saddles.
Barring war, crude will drill back down within days or soon to new depths below $38. See the broken 17 year monthly uptrend break that leads directly to $32 and later $20:
http://www.investing.com/commodities/crude-oil-advanced-chart
No jobs...no gasoline....no problem!
Hey hey hey!
CNBC says it is falling "on weak Chinese data", not because of some obscure conspiration theories of unwinding window dressing.
It's not all 'due to Greek worries' anymore? Huh.
Or on stimulus hopes not materializing?
that's going to leave a mark...
Its over bitches. Next step? Fascism to the extreme.
Haha, you aint seen nothing yet
The fat lady is not singing yet, close but not yet, she'll be yellen soon though
See, this is why we can't count food and energy when we calculate our inflation rates. They are just too volatile and we all know that oil moving down translates to huge savings at the pump. Our banker overlords are so wise. I thank God every day that they are around to trickle on us.
demand for oil was up yesterday, it's down today....
Nothing to see here
REMAIN CALM
&
TRADE CONFUSED
So supply and dempand is finally kicking in and this worries people why exactly?
Because the "markets" have been so out of line with actual supply and demand due to manipulation that a reversion to supply and demand is going to be painful. This is much, much bigger than just oil.
I agree with the disconect. Reality tends to smack people around eventually regardless of which pill they swallow.
Gas in my town just dropped to $1.98/gal.
I love the smell of deflation in the morning.
Kiss off Janet.
$US 5/ US gal in Australia- what a rip off this country is
Yeah but your taxes built into that $5/gallon are spent on great and wise Entitled Politicians who think daily of new and innovative ways to game the system to their advantage.
Dig more shit up and sell it so I can book a helicopter to get a pint of milk Bitches
Saudi Arabia said they want to work it out so oil is $70/$80 a barrel. You know, because they need it not because it's scarce.
That's the problem, they want the price of a barrel so low...
Drives the FED crazy, those naive towel heads
Blood in the streets.
Bodies in the river.
Popcorn popping.
I took a walk this morning. Check out the front page of USA today. I was in tears laughing at media propaganda.
I paid $2.46/g last week in HHI. Charleston, SC was $1.94/g. It's presently under $2.00/g in Myrtle Beach.
For being a upcoming labor day holiday, this place is presently a ghost town. Not even cheap gas is luring out travelers. A sign of our broken system.
I see a Mount McKinley sized shitstorm coming
So ... not secular demand based then?
Think of us poor Canucks! We are getting are hopes up and then they are dashed again and again.