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US Equity Plunge Erases November Gains
It appears that hawkishness and rate-hikes are once again not-so-bullish for stocks... either that or the algos read the details of the jobs report and realized just how ugly it all is under the surface...
Note the epic short-squeeze that was most-focused on Small Caps is ralidly unwinding now...
As Trannies tumble back to reality (again)
Surprise - Stocks catch down to credit...
Charts: Bloomberg
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But I read over the weekend that we were going to blow through 20,000 if we did not "sloooow" things down.
I wish people would stop lying to me.
Fold up shop ZH, please....this is too painful for us
I really wish you would just stop calling bottoms.
You have a problem with Fight Club? You don't like your ability to comment on the markets?
Then you can fucking leave.
So you are saying they didn't just call the bottom AGAIN? Just look, they did.
Nowhere do I see Tyler calling a bottom. All I see is "stocks catch up to credit" and ""gains erased".
Just because the article was published when stocks were at the daily low doesn't mean he was calling a bottom.
It's not a lie if you believe it, just an alternate truth.......
Well, it's hard to talk about "2% inflation" when equities are showing 150% inflation...
no spoon motherfuckers...
What we've got here is failure to communicate.
Some algoz you just can't reach.
So you get what we had here last month -- which is the way they want it.
Well, they get it. And I don't like it any more than you men.
+100 for truthiness.....
Strother Martin RIP ..... awesome !
What the hell, this is utterely bullish. Stocks can continue lower until December 16 (FOMC meeting associated with a Summary of Economic Projections and a press conference by the Chair.), with a brief respite on Black Friday (because retail, duh!).
The Fed will not raise rates in December if the Dow is hovering around 16,500 and the S&P under 2000.
Unless, of course, Janet the Grinch wants to ruin Christmas for everyone. (Hint: she's a fucking edited by JDL, so why not?)
But, really, this is the game. Whenever the economy seems to be doing OK and the Fed is ready to raise rates, Wall Street throws a monkey wrench into their scheme and on and on it goes.
No new highs for stocks this year. Prepare for impact. Embrace collapse. It's the only way.
Let's boost our economy by attacking Switzerland, I've heard they've got ISIS there or al qaeda or something!
http://www.bloomberg.com/news/articles/2015-11-09/china-to-allow-direct-conversion-between-yuan-and-swiss-franc
Diminishing returns are setting in again. I guess they won't raise rates after all.
Anyone surprised?
Engineered gains are always reversed by the market, eventually. See GC and CL since 2009 as examples 1 & 2.
The losses as well as the gains are engineered. Ask yourself what the President's WOrking Group on FInancial Markets was doing during the Fall of '08 and Spring of '09.
They were short the market.
There are two sides of a trade and JPM makes just as much on the way up as on the way down.
Not suprising
So how does this comport with Friday's in-your-face, emphatic statement that not only bad is good, but good is good as well? What changed over the weekend?
After a month of inexplicably delivering an unrelenting FU to reality, blowing through every technical and fundamental reason to fall, crushing anyone attempting to short, why am I now suspicious of todays dip. I wonder if this is just tossing another morsel of bear bait into a trap to keep any from leaving before either rocketing to new all time highs or trading horizontally through December.
Probably because after 6+ years of preventing any sort of significant correction that attempted to price in reality, the market has become trained to simply buy the dip. Each dip has become smaller in magnitude, shorter in duration and the rate of descent and ascent of each swing has been accelerated by the advent of HFT. All you need to do is step in to absorb the selling, get the high volume nodes to drop down near the lows and the HFT's will do all the work for you.