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Credit & Crude Carnage Continues As Stocks Stop-Run, Slump, & Pump

Submitted by Tyler Durden on 10/01/2015 16:07 -0400

Today's equity and crude market moves...

The Nikkei tells you all you need to know about hopes for more stimulus and Kuroda crushing dreams...

It all started exuberantly as Quarter-Start, and Month-Start flows were front-run on the heels of Japan open ramp and stimlus hopes from the lowest China pMI on record. But it appears the flows did not turn up and stocks slid. Once Europe closed the algos took over and lifted stock back into the green

Stop-Run, Dump'n'Pump...

On the day, Trannies outperformed... and S&P went green by the close..

But since Friday, all indices remain red...

VIX was clubbed back below 23 to try and enforce a green close for the S&P 500

Stocks once again were the last to get the message...

As HYG - the HY Bond ETF - resumed its carnage

Another day, another stair-step lower in Treasury yields -

The USD Index broke the recent pattern on the first week of Q4...

Commodities were very sketchy today with copper and even more so crude surging and purging...

Crude continues its crazy algos moves...

Oil Vol and prices remain decoupled...

Charts: Bloomberg

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Thu, 10/01/2015 - 16:10 | 6617544 Kaiser Sousa

well what a wonderful finish today for the rigged fucking manipulated Fraud Markets of the “exceptional country” with the “exceptional recovery” thats been underway now since 2009…lets review the “exceptional” macro-economic data that most assuredly explains yet another v-shaped ramp off the lows of the day that began at the same time yesterdays “exceptional” ramp began as well - shall we…..

http://www.zerohedge.com/news/2015-10-01/global-manufacturing-pmi-plunge...

http://www.zerohedge.com/news/2015-10-01/copper-crude-credit-crumble-sto...

http://www.zerohedge.com/news/2015-10-01/atlanta-fed-slashes-q3-gdp-esti...

http://www.zerohedge.com/news/2015-10-01/dax-reverses-month-end-ramp-suf...

http://www.zerohedge.com/news/2015-10-01/consumer-sentiment-plunges-401k...

http://www.zerohedge.com/news/2015-10-01/ism-manufacturing-weakest-may-2...

http://www.zerohedge.com/news/2015-10-01/us-manufacturing-pmi-stagnates-...

FUCK OFF....

Thu, 10/01/2015 - 16:11 | 6617558 FreeShitter

and DEATH TO THE SATANIC MONEY CHANGERS

Thu, 10/01/2015 - 16:14 | 6617585 Kaiser Sousa

yeah - so pissed i forgot about that...

Thu, 10/01/2015 - 16:25 | 6617649 Handful of Dust

Unemployment rate to decline but Fed liftoff to hold until March: RBS

http://finance.yahoo.com/news/unemployment-rate-to-decline-but-fed-lifto...

I think if companys fire another 400,00 the unemployment rate may drop closer to 4%.

Thu, 10/01/2015 - 17:12 | 6617868 undertow1141

Can we kill the ones who don't claim satanic affiliation, I don't want to let any get away on a technicality.

Thu, 10/01/2015 - 16:17 | 6617597 Oldwood

Gee...you're kind of negative all the sudden.....

Thu, 10/01/2015 - 16:20 | 6617610 arbwhore

There's an App to stop that!

Thu, 10/01/2015 - 16:49 | 6617749 The Pope

arbwhore wins the POST OF THE DAY! (according to The Pope) :-)

Thu, 10/01/2015 - 16:59 | 6617790 drivenZ

The system is rigged but all the bad data you point to is produced by the system? please explain before my head explodes.

Thu, 10/01/2015 - 17:24 | 6617913 Kaiser Sousa

really....?

u dont need the data that u compare to the fucking fraud markets performance to see that its farcical....

all u need is the ability to critically think and see and observe....

but u r free to c and believe whatever U wish....

Thu, 10/01/2015 - 19:19 | 6618404 MauritiusGold

The bad data is as good as they can make it look..... It is more BAD really.... :)

Thu, 10/01/2015 - 16:10 | 6617548 arbwhore

UUP to make a death cross tomorrow. AAPL and TSLA pointing the markets south.

Thu, 10/01/2015 - 16:27 | 6617657 Hype Alert

I'm trying to figure the spin on tomorrow's labor numbers. Everyone seems to be aware the FED has painted themselves into a corner. If the numbers are good, there's less excuse to not release the rate hike. If the numbers are bad, well more confirmation of recession indicators and the FED's at ZIRP already.

Thu, 10/01/2015 - 16:11 | 6617554 WTFRLY

On days like this, we should all be getting ourselves prepared for the war, physically for most of you.

Thu, 10/01/2015 - 16:13 | 6617576 JoeySandwiches

Days like today are the ones where I should go out and take a walk, enjoy the fresh air while it lasts... not sit there at my computer screen in the middle of the day and yell about how rigged it all is.

Thu, 10/01/2015 - 16:22 | 6617622 Kaiser Sousa

fuck that...

Thu, 10/01/2015 - 16:22 | 6617624 Mark Mywords

You have fresh air where you live? Would you mind bottling some and sending it to me?

I miss it so.

Thu, 10/01/2015 - 16:36 | 6617665 Kaiser Sousa

"Days like today are the ones where I should go out and take a walk, enjoy the fresh air while it lasts..."

and remember to sing "dont worry be happy" while u "tip toe through the Tullips" with ur rose colored glasses on too....

Thu, 10/01/2015 - 16:54 | 6617769 Non Merger

Careful on that walk. I saw on CNN that there is a high likelihood of being ass-raped by a crack-smoking, AIDS-infested pitbull these days. Dangerous out there.

h/t to Bill Hicks

Thu, 10/01/2015 - 18:56 | 6618331 roadhazard

conceal carry or you are a moron.

Thu, 10/01/2015 - 17:18 | 6617888 Eirik Magnus Larssen

That is unusually sound advice coming from these forums.

Thu, 10/01/2015 - 16:11 | 6617560 RawPawg

A Thursday night(late)/Friday Morning scenario....A Mig/USA Jet "incident" ramps up tension(Defcon 2ish)...means words passed back and forth(all the while the sheep are still asleep on their I-devices)....Suddenly China decides to cash in ALL that USA Debt(one fast swoop)....Markets Free Fall.....Then,it's either settle in for Sat College F'Ball,OR....Make Plans for raiding the stores for that last roll of TP.

Thu, 10/01/2015 - 16:14 | 6617588 The Pope

peppered with Hurricane Joaquin footage. BULLISH!

Thu, 10/01/2015 - 16:24 | 6617641 Cherubim

...and the price of Gold goes down...

Thu, 10/01/2015 - 17:04 | 6617816 The Pope

Naturally! Because everyone knows that all the leveraged paper gold shorts stored in the basement vaults will be flooded due to the storm surge and LOST. Therefore, NEW leveraged shorts must be initiated to replace the losses. They teach these things to all the pimply faced IVY LEAGUE business school candidates in their freshman years.

Thu, 10/01/2015 - 16:12 | 6617563 bnbdnb

ZH perfectly timed bottom today. Thanks!

Thu, 10/01/2015 - 16:17 | 6617573 ebworthen

The markets are like a laundromat!

Slish-slosh, slish-slosh, spin-spin, tumbe-tumble-tumble. Repeat.

Thu, 10/01/2015 - 16:13 | 6617574 Keltner Channel Surf

“They Front-Run All Their Clients” from “She Blinded Me With Science” by Thomas Dolby

It’s thievery at the open, the algos trading SPY crush me
They fake Brownian motion, then end back near the highs of the week
They blighted me with science (They blighted me with science)
And tricked me with technology

But when I chance longs close to highs
(They’re using rocket science) Science
I can smell those criminals (Science)

They cause a price implosion when they turn their HFTs on me
And toy with my emotion, making sure it won’t recover till 3
Then they use computer science (They blighted me with science)
To hide the highest bid from me

When VWAP draws near at 3 (Using rocket science) Science
I can hear machinery (Blighting me with science) Science

It's HFT in motion, and now they’re spamming quotes at me
It’s causing a commotion, their cheating and skullduggery
They front-run all their clients (They front-run all their clients!)
Then describe it as ‘liquidity’

{old man}: “Good heavens, Citadel - you're horrible”
I don't believe it -- there they go again !
You spike up overnight, now I can’t buy anything
All my fibi lines and careful charts are antiquated notions

But – they’ve got the secret potion to hit their target lines with ease
When option quotes get frozen, they can sneak back to the highs by 3
They’ve incited me to violence (They incited me to violence)
But I must fight back hexadecimally

Thu, 10/01/2015 - 16:16 | 6617589 The Pope

not bad KCS :-)

Thu, 10/01/2015 - 16:24 | 6617645 Hubbs

I play this song for my daughter to try to get her interested in Science instead of rap music.

Thu, 10/01/2015 - 16:28 | 6617660 The Pope

Bravo! Sadly those synthesized percussion chops have subsequently been 'covered' by rap artists.

Thu, 10/01/2015 - 16:30 | 6617671 Keltner Channel Surf

Never would have suspected the pontiff to be a fan of old MTV music :)

Thu, 10/01/2015 - 16:35 | 6617703 The Pope

I think that, along with the video of "MEXICAN RADIO" by Wall of Voodoo & perhaps "SULTANS OF SWING" by Dire Straits were what got me hooked on to MTV back in the days of Downtown Julie Brown.

"Yo MTV raps" was what made me eventually quit & I don't think I've watched it since then.

Thu, 10/01/2015 - 16:43 | 6617733 Nothing Ever Happens

I'm gonna go ahead and assume you meant Money for Nothing instead of Sultans of Swing.

Thu, 10/01/2015 - 16:51 | 6617754 The Pope

Yes indeed - Nice catch!

Thu, 10/01/2015 - 17:52 | 6618037 Keltner Channel Surf

Was thinking of doing a parody of that, to be called "Sultans of Swing Trading", but never started it, lyric seemed a little too conversational to make a good, crisp parody ...

Thu, 10/01/2015 - 18:05 | 6618072 SillySalesmanQu...

I'm a sixty...minute...man
http://youtu.be/OpQuNY3XFI0

Thu, 10/01/2015 - 17:19 | 6617895 undertow1141

I was more a 120 minutes fan.

Thu, 10/01/2015 - 17:41 | 6617951 The Pope

I don't know what to say about 120 'minutes'. But. I was a SECONDS fan. MTV didn't even venture to push that one into the lineup. Imagine that! I'll never believe anything anymore.

https://www.youtube.com/watch?v=DwpvHJN3QvI

Thu, 10/01/2015 - 16:25 | 6617647 Automatic Choke

excellent !!!

Thu, 10/01/2015 - 16:13 | 6617575 wmbz

Stawk "market" that's some funny shit to watch! It's almost like a magic hand or some such thing, is behind the curtain.

Just another normal day, in fantasy land.

Thu, 10/01/2015 - 16:14 | 6617584 Slowdrip

Michael Savage, Savage Nation, opening 20mins, today's radio show, on fire! Classic.....

Thu, 10/01/2015 - 16:30 | 6617676 Otrader

Who pays his salary I wonder.

Thu, 10/01/2015 - 16:14 | 6617587 thismarketisrigged

what a fucking shitshow this is.

last friday, ''market'' looks to be breaking down, and of course ''investors'' come in to pump the dow over 100 pts to save the day.

tuesday, the ''market'' is modestly in the red, when in the last hour ''investors'' come in and pump the ''market up to finish modestly green.

yesterday the ''market'' is well off its highs and looks to be heading toward red when all of the sudden ''investors'' come in and bring it back to the highs of the day

today, the ''market'' is down 200 plus pts when all the sudden ''investors'' buy the dip and of course there was no move towards the lows as ''investors'' pile into stawks right before the jobs report tomorrow.

FUNDERMENTALS!!!!!!! DEATH TO EVERYONE ON 33 LIBERTY AVE AND GOLDMAN SACHS AND ALL OF WALL ST, FUCKING CROOKS.

Thu, 10/01/2015 - 16:16 | 6617590 Traderone

Well i'm happy, I shorted it from yesterdays high back to VWAP ,thus contented I put the troops back in the barracks but then watched in amazement at the rally into the close. You Yanks are incorrigible but i fuckin' love you.

Thu, 10/01/2015 - 16:55 | 6617760 1fortheroad

Haya Traderone, glad to see someone is happy, most people just bitch and complain.

Great trading oppurtunties for a day trader. Lets talk. My throw away email is

ywdwahbg@boximail.com

We can get started their. I can not send from this email, just recieve.

Happy Trading

Thu, 10/01/2015 - 16:16 | 6617594 wmbz

Mitsubishi closing Normal plant in Illinois, ending U.S. production.

http://www.chicagotribune.com/business/ct-mitsubishi-normal-0725-biz-20150724-story.html

Thu, 10/01/2015 - 16:21 | 6617619 arbwhore

Bring on the record low unemployment!

Thu, 10/01/2015 - 16:40 | 6617719 Pure Evil

Open it back up damn it. Where will all those 200,000 Syrian slaves work?

Thu, 10/01/2015 - 17:03 | 6617811 Jackagain

Because no one with an IQ bigger than their hat size buys their ugly junk....

Thu, 10/01/2015 - 17:08 | 6617834 Slowdrip

Mitsi closing, old news, CAT, is all the rage lately...

Thu, 10/01/2015 - 16:18 | 6617604 buzzsaw99

Our little special yellow bus grip through town extra slow

We don't get shot in our class we happy all damn day

You see the little yellow bus comin' fuck out the way

I'm in the little yellow bus who wants us to pick 'em up

Come on

Scoop us up

Come on and scoop us up... [/ICP]

Thu, 10/01/2015 - 16:20 | 6617611 Mark Mywords

All in a day's work. You're welcome!

Sincerely,

Janet

Thu, 10/01/2015 - 16:22 | 6617625 BlackMagician

I always giggle when I see the word trannie for some reason...

Thu, 10/01/2015 - 16:23 | 6617636 Mark Mywords

Because you're still in kindergarten?

Thu, 10/01/2015 - 16:26 | 6617651 Automatic Choke

(i think my kindergarten teacher was a trannie....)

Thu, 10/01/2015 - 16:41 | 6617724 Pure Evil

What's wrong with being in kindergarten?

Better than being an adult in this shit show.

Thu, 10/01/2015 - 16:32 | 6617685 khakuda

I laugh at "crude carnage" being used when it is down 6 cents.

Thu, 10/01/2015 - 17:02 | 6617800 Jackagain

Yeah....but it cost Joan Rivers her life....

Thu, 10/01/2015 - 17:23 | 6617908 undertow1141

I still think your talking bout the transmission in my truck.

Thu, 10/01/2015 - 16:24 | 6617630 thunderchief

This chaos in the market's must continue, creating mass confusion, both over exuberance and extreme disorientation...

It is the only way smart money can exit in a totally illiquid market.

Thu, 10/01/2015 - 16:48 | 6617748 o r c k

Was it dis or dat orientation? Oh, disorientation? What's dat?

Thu, 10/01/2015 - 16:31 | 6617678 CHoward

The Plunge Protection Team had some work today - they almost put the DOW into positive territory but not quite. Better luck tomorrow. These wild gyrations are nothing but sirens screaming to get as far away from the markets as possible. Run and don't look back!

Thu, 10/01/2015 - 16:40 | 6617723 Bill of Rights