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DAX Reverses Month-End Ramp, Suffers Worst Start-To-Q4 Since 2009
Germany's DAX has given back all of yesterday's exuberant month-end gains and more to suffer the worst start to Q4 since 2009 (and actually worse than 2007 and 2008)...
Early hope collapsed into reality...
Charts: Bloomberg
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repaint, and thin no moar
S&P, DOW & NASDAQ about to follow suit?...
not sure but watching the dax tank is funner than shit
RUT is following suit now.....I expect S&P et al to catch a clue soon too.
sadly, they don't have our bad-news-is-good-news magic button
more like - they don't have our BOJ magic button
Their problem is they need moar immigrants to grow the eCONomy and provide stabiliteeee with the cohesion that comes along with it.
It kind of makes it hard to lord over Greece though.......
Mohammed DAX kaufen zusammen mit Hassan und Sozialambt, alle Dritten Reich.
Yeah, I noticed yesterday that it might have formed a minor double top. If it breaks back down below those recent lows, put your 9K hats back on.
Germany has to follow its masters in America. So exports to Russia of cars are down 40% due to American ordered sanctions. And now with the diesel engine scam, VW may have to hand out around 20 billion euros while sales will struggle for months if not years.
And with Deutsche Bank's $60 trillion in derivative exposure, Germany may be poised at the edge of a catastrophe. But at least Merkel got the US medal of freedom from the Nobel Prize Winner.
Luckily nobody will know about Q4 until they get their 401k statements in January. Until then let's all pray and BTFD.
Kumbayah bitchez
Shhhhh...You'll spoil the surprise.......
watch the herd and their institutional keepers run, here, there and everywhere, where there is no exit.
Please, "the herd" is, on average, dumber than a pounded thumb.
"Dumber than a box of rocks" is my favorite aphorism.....
How easy was this to predict? Falling *markets* a day after a "great rally".
So easy, even an HFT machine can do it.
atlanta fed just shit the bed
…aaand it's gone. FXCM says it has been hacked.
'The company said it had identified a "small number" of unauthorized wire transfers from customer accounts.'
http://www.reuters.com/article/2015/10/01/fxcm-cyberattack-idUSL3N1213EC...
Supposedly another big retail forex broker, Oanda is also experiencing platform issues.
https://www.reddit.com/r/Forex/comments/3n3z48/oanda_down/
(Subjective opinion of course, but should this be something of a bigger impact, it looks a bit too convenient. These forex/CFD bucket shops are so obviously rigged casino operations, possibly used for market manipulation as well. So this has a kind of "controlled demolition" feel to it, to some extent, should they pull the plug on some.)
And DJIA and SPX are just moments away from collapsing into the reality of their new 15K and 1800 October handles, just a few ticks below.
And see examples RUT and SML breaking 2 year support, and RUT adjusting to this month's new 1K handle, and soon headed for its bear market lower low below 1000:
http://bigcharts.marketwatch.com/quickchart/quickchart.asp?symb=rut&insttype=&freq=2&show=&time=10
The central bank of Japan has stopped humping the DAX.