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Payrolls Reaction: Hope Dashed As Stocks Dump, Gold Jumps, & Bond Yields Break Critical Support

Submitted by Tyler Durden on 10/02/2015 08:40 -0400

"Inconceivable." With the total destruction of the "faith" in The Fed's pr0mised "recovery," stocks and bond yields are collapsing. A glance at the crash in fed reigional surveys should have given the market a hint (and credit did) but US equity markets are in free-fall and gold and silver are surging. Treasuries rallied hard on the bursting of the faith bubble with 10Y yields plunged back under 2.00% and 30Y yields broke below the 200-day moving average.

It seems bond had it right all week.. and stocks did not...

As stocks plunge...

Smashing stocks back into the red for the week...

and bond yields are collapsing...

Charts: Bloomberg

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Fri, 10/02/2015 - 08:41 | 6619942 SheepRevolution

<- Rate hike in +100 years

<- Rate hike this year

Fri, 10/02/2015 - 08:45 | 6619971 swanpoint

Hope like it's 2008. Hopium.

Fri, 10/02/2015 - 08:45 | 6619979 wee-weed up

Thank Obozo's shitty economy.

Fri, 10/02/2015 - 08:58 | 6620048 Pool Shark

So much for hyperinflation.

NIRP, here we come...

Fri, 10/02/2015 - 09:04 | 6620069 knukles

Hope crushed? Hell's bell's my Hope just got a nice goosing considering I own bonds tail risked with gold.

Fri, 10/02/2015 - 09:10 | 6620115 new game

bonds doing yellows work. china dump tyme to support peg?

Fri, 10/02/2015 - 09:20 | 6620151 Serfs Up

I've never been happier to have a failed prediction on the ""markets"" reaction.

Fri, 10/02/2015 - 09:33 | 6620239 negative rates

Bad news for you, bloody assad must be dealth with.

Fri, 10/02/2015 - 09:20 | 6620150 Spitzer

Hyperinflation is a deflationary event at the start. Has nothing to do with arbitrary rate hikes.

Fri, 10/02/2015 - 09:21 | 6620159 Gilnut

Wait till those service jobs start laying off because there's nobody left to service. (Well..except for hookers and blow.) Then the shitshow really begins!

Fri, 10/02/2015 - 08:45 | 6619973 slaughterer

Bullard speaks in 15 minutes. What would you say in his position?

Fri, 10/02/2015 - 08:55 | 6620030 Cangaroo.TNT

"Tis but a scratch."

"Huminah-huminah-huminah."

Your choice.

Fri, 10/02/2015 - 09:05 | 6620075 Phat Stax

"iPad prices have dropped."

Fri, 10/02/2015 - 09:05 | 6620079 xrxs

You get a QE, you get a QE, you get a QE, everyone gets a QE!!!

Fri, 10/02/2015 - 09:09 | 6620108 NotApplicable

"Thank God it's Friday!"

Fri, 10/02/2015 - 10:20 | 6620558 Nothing Ever Happens

Bullard speaks in 15 minutes. What would you say in his position?

Simple. Unleash the Gartman!

Fri, 10/02/2015 - 10:47 | 6620736 Pure Evil

Gartman can suck the Wookies' royal cock.

Fri, 10/02/2015 - 08:43 | 6619956 Racer

The Frauderal Preserve for the Richest have no clothes

Fri, 10/02/2015 - 08:43 | 6619957 praps

_{Green by the close}

Fri, 10/02/2015 - 08:46 | 6619984 This is it

Green faces u mean?

Fri, 10/02/2015 - 09:41 | 6620295 Osmium

Of course. It's Friday, Can't send the sheep home depressed. But if they have looked at their 401k lately, they already are.

Fri, 10/02/2015 - 11:00 | 6620824 Pa Kettle

"Green by the close"

Yep, it's a-climbin' like a porch-post vine. Green shoots! Is it spring already?

Fri, 10/02/2015 - 14:20 | 6621866 herkomilchen

Dude, you called it. Impressive.

Fri, 10/02/2015 - 08:44 | 6619969 Seasmoke

I don't think that word you keep using means what you think it does.......GOLD.

Fri, 10/02/2015 - 09:37 | 6620265 negative rates

One day you won't wake up and then it will mean what it means, you seem to be in a hurry about it too, what's the rush?

Fri, 10/02/2015 - 08:45 | 6619976 TradingFinn

Let the bad-is-bad vs bad-is-good algo battle begin.

Fri, 10/02/2015 - 08:45 | 6619977 Dr. Engali

If it weren't for the all the shitty infrastucture and the two ton Tessies that haunt the halls of our local big box stores, I'd swear we were in Japan.

Fri, 10/02/2015 - 08:57 | 6620036 Cangaroo.TNT

pr0mised

Prescient. That's right up there with shitgum.

Fri, 10/02/2015 - 09:38 | 6620274 negative rates

They don't use dollars in japan, they buy them, that's the difference.

Fri, 10/02/2015 - 08:45 | 6619978 RawPawg

A total world system all hinges on if Joe get's that part-time job down at Mickey D's...wow.

Fri, 10/02/2015 - 11:14 | 6620001 SheepDog-One

Shitconomy. You know the old saying, when you plant Shitseeds you get what? Shitweeds.

Fri, 10/02/2015 - 08:52 | 6620003 Slowdrip

And, there off..... Is it going to be Red or Green at the finish line today? Oh, the track is closed? Say wha....?

Fri, 10/02/2015 - 08:57 | 6620035 Montani Semper ...

Who knows? The spike up looks good right now, but I'll bet the boyz are now loading up the paper gold sell side ammo so as to nip this thing in the bud. Fasten your seatbelts!

Fri, 10/02/2015 - 10:57 | 6620796 Proofreder

ZH Headline - Gold Jumps

Lately, this appears to be the kiss of death for a rise in the price of Gold.

Fri, 10/02/2015 - 08:51 | 6620008 45North1

"Captain Yellen; the Dilitium crystals can't take it anymore."

Scottie

Fri, 10/02/2015 - 09:05 | 6620076 csmith

Dr. Yellen: "He's (the economy's) DEAD Jim. I'm a doctor, not a miracle worker!"

Fri, 10/02/2015 - 08:53 | 6620024 Latitude25

Tylers!!! What happened to the circuit breakers on the PM rip? Not complaining though

Fri, 10/02/2015 - 08:55 | 6620031 InnVestuhrr

Fasten your financial seat belt, we are captive passengers on the monetary Titanic, sailing into a global recession with central banks having crushed interest rates to zero - and lower - and having flooded the world with debt.

Fri, 10/02/2015 - 09:00 | 6620054 MauritiusGold