This page has been archived and commenting is disabled.

Why Are Stocks Tumbling? The Mainstream Media Explains

Tyler Durden's picture




 

Why are stocks tumbling (as in a little more than 2% below their all time high)? We decided to get the mainstream media's take.

Here is the answer:

The article says:

The increased prospect that six years of near-zero borrowing costs in the U.S. may end next month rippled through global markets, as companies hurt most by the strengthening dollar led a selloff in American equities and bonds fell with emerging-market assets.... Global investors continue to adjust to the increased likelihood that America’s benchmark rate will rise this year, a move that would end an unprecedented era of record-low borrowing costs.

In other words, stocks are falling due to fear of a December rate hike.

Great, just one problem.

Here is what the same mainstream media said just 10 days ago, on October 28:

This article said the following:

U.S. stocks ended sharply higher on Wednesday after a volatile session as the Federal Reserve gave a vote of confidence in the U.S. economy by signaling a December interest rate hike was still on the table.

Shorter version: stocks soared due to hope of a December rate cut.

So ten days ago, a December rate hike is why "stocks ended sharply higher", while today a December rate hike is the reason why "stock tumbles in global selloff."

And now you know.

 

- advertisements -

Comment viewing options

Select your preferred way to display the comments and click "Save settings" to activate your changes.
Mon, 11/09/2015 - 13:58 | 6768324 SillyWabbits
SillyWabbits's picture

Wiow.

 

Both sides of the story!

Mon, 11/09/2015 - 14:11 | 6768416 Fredo Corleone
Fredo Corleone's picture

The market is down one percent this session !

"Get to the choppa !"

Mon, 11/09/2015 - 14:28 | 6768523 Buzz Fuzzel
Buzz Fuzzel's picture

They are attacking Gold and Silver today.  Their ability to fight a two front war is deminished.  

Mon, 11/09/2015 - 20:30 | 6770145 philipat
philipat's picture

How quaint to expect any actual journalism.

They print what they are instructed to print and the narrative changes over time to fit the "Everything is awesome" big picture.

Mon, 11/09/2015 - 13:59 | 6768326 A Nanny Moose
A Nanny Moose's picture

IOW, they are still trying to figure out WTF is happening.

Can't find a solution without knowing the cause. Won't know the cause without observation, and experimentation.

Mon, 11/09/2015 - 14:30 | 6768331 Demdere
Demdere's picture

Because there is no technology that allows control of open, evolving, complex systems?

https://thinkpatriot.wordpress.com/2015/05/29/straight-from-the-horses-ass/

Because our system has degenerated into the standard ruling class insulated from reality, all interests locked into a FUBARed system so that reform is not possible and thus collapse inevitable?

https://thinkpatriot.wordpress.com/2015/10/27/ignoring-the-absolutely-in...

Because predictions of futures so rarely work, and so civilization has a very high rate of failure ?

https://thinkpatriot.wordpress.com/2015/10/02/warning-ideas-are-dangerous/

Mon, 11/09/2015 - 13:59 | 6768332 yogibear
yogibear's picture

MSM, is flaky. Just like Bernanke kept saying subprime housing was contained.

Bernanke escaped out of the Federal Reserve for good reason. He realizes what's coming. 

Mon, 11/09/2015 - 14:09 | 6768398 DrZipp
DrZipp's picture

Lamppost?

Mon, 11/09/2015 - 15:36 | 6768875 Bruce Gender
Bruce Gender's picture

I love lamp?

Mon, 11/09/2015 - 13:59 | 6768335 Carpenter1
Carpenter1's picture

Earlier one was propaganda, 2nd one is the truth.

Mon, 11/09/2015 - 14:00 | 6768336 Martial
Martial's picture

Hedging.

Mon, 11/09/2015 - 14:01 | 6768342 booboo
booboo's picture

We live in Gumbyland where anything can be anything, man/woman Good/bad up/down black/white

Mon, 11/09/2015 - 14:11 | 6768420 Miss Expectations
Miss Expectations's picture

Look at this 'Glacier" at the Simon Property Group Mall in Charlotte, NC.  It's supposed to be a Christmas display where Santa sits.  Folks are up in arms because there is no Christmas Tree.

HAS NO ONE NOTICED that this Glacier is really a BIG WHITE ASS Crack?  Am I wrong?  

http://www.theblaze.com/stories/2015/11/08/shopping-mall-ditches-christm...

Mon, 11/09/2015 - 14:03 | 6768353 pitterrier
pitterrier's picture

Wait till 3:30 and the run up will change the narrative - BTFD!!!

Mon, 11/09/2015 - 14:03 | 6768354 RawPawg
RawPawg's picture

Gotta love The Onion

oh,wait.....

Mon, 11/09/2015 - 14:04 | 6768359 buzzsaw99
buzzsaw99's picture

even they know there is no market.

Mon, 11/09/2015 - 14:05 | 6768369 Sanity Bear
Sanity Bear's picture

and knowing is half the battle!

 

(the rest is equally split between blue lasers and red lasers)

Mon, 11/09/2015 - 14:11 | 6768414 Hidden Front
Hidden Front's picture

Damn! You beat me to it!

Mon, 11/09/2015 - 14:06 | 6768371 JustObserving
JustObserving's picture

Manipulated markets never make sense - so media uses same story to explain everything

Mon, 11/09/2015 - 14:06 | 6768375 flysofree
flysofree's picture

Martin Armstrong is looking for blast off to the upside. He thinks that even 40,000 on DOW is possible.

Mon, 11/09/2015 - 15:08 | 6768736 Cheduba
Cheduba's picture

Yeah and that $20 for a loaf of bread will be awesome!

Mon, 11/09/2015 - 14:08 | 6768393 Soul Glow
Soul Glow's picture

The Fed will never raise rates.

Tue, 11/10/2015 - 02:25 | 6771184 Yuubokumin
Yuubokumin's picture

interesting.

 

 

I think that spells disaster, of a more chaotic sort that if they did actually rise rates. unless they go NRIP. if they don't raise they must go NRIP during or prior to 2017, right? thing is debt is going ever more exponential, by the month. I don't think NRIP would be viable for more than a couple years. what'll they pull out then? all-out war?

 

fuck.

Mon, 11/09/2015 - 14:10 | 6768410 FreeShitter
FreeShitter's picture

Bah....just a typical break by the end of the week 18k most likely.

Mon, 11/09/2015 - 14:11 | 6768418 sbenard
sbenard's picture

From your ever-loving Propaganda Press!

Mon, 11/09/2015 - 14:12 | 6768424 SillySalesmanQu...
SillySalesmanQuestion's picture

Schizophrenic algos...whoda thunk that they would need a shrink, couch and downers.

Mon, 11/09/2015 - 14:12 | 6768427 Rock On Roger
Rock On Roger's picture

All liars have a hard time keeping their story straight.

 

Zion's propaganda is no different.

Mon, 11/09/2015 - 14:21 | 6768477 Buzz Fuzzel
Buzz Fuzzel's picture

They are attacking Gold and Silver today.  Their ability to fight a two front war is deminished.  

Mon, 11/09/2015 - 14:21 | 6768481 Gypsy Ramono
Gypsy Ramono's picture

So does that mean that Janet "the fucking cunt whore witch" Yellen will now do more QE and NIRP? 

Mon, 11/09/2015 - 14:22 | 6768485 lasvegaspersona
lasvegaspersona's picture

Bless me father...but I'm so confused...

Mon, 11/09/2015 - 14:22 | 6768487 22winmag
22winmag's picture

Many people would consider being flat on the year a success.

Mon, 11/09/2015 - 14:26 | 6768508 Sudden Debt
Sudden Debt's picture

Trying to look for logic in the stock market....

 

Mon, 11/09/2015 - 14:27 | 6768512 Sorry_about_Dresden
Sorry_about_Dresden's picture

Wondering why this story gets no love?????

 

These are the main head lines on ZH.

Krugman Doesn't Understand Why "Darkness Is Spreading Over Part Of Our Society"

 

"Grieving" Mother Of Murdered 9-Year-Old Spends Online Donations On New Car

 Hey any body read this story?

http://www.bloomberg.com/news/articles/2015-11-09/u-s-probes-treasuries-...

Traders working at some primary dealers had the opportunity to learn about client auction bids ahead of time and in some cases talked online to counterparts at other banks, people familiar with these operations told Bloomberg News in June.......When debt sells for less than when-issued prices indicate, traders say the auction tailed. 

They have been sitting on the story since June????? How is this NOT criminal activity????????? So they call it getting "tailed"????? Is that like getting harrassed in the poop shoot for bankers pleasure and profits??

How many trillions in fees have Primary Dealers defrauded pensioners?????????????? They get a little piece of how many quadrillions in notional value of Treasury instruments???????? Shouldn't pensioners be made whole by these criminal Primary Dealers?????

Janet Felons latest crime spree!!!!!!

Mon, 11/09/2015 - 15:28 | 6768832 o r c k
o r c k's picture

Sorry about that Sorry about, hope someone notices.

Mon, 11/09/2015 - 14:29 | 6768527 Eyeroller
Eyeroller's picture

It's deja vu all over again....

In August they were talking convincingly about hiking, so the markets had a big pullback tantrum and it spooked the Fed into not hiking.

Rinse and repeat: The Fed is again sounding like this time they're really going to do it, so another pullback should convince them not to.

Mon, 11/09/2015 - 15:08 | 6768740 duck dodgers
duck dodgers's picture

After months of losing my ass trading options Ive finally found the perfect strategy...which ever way I believe the stock is going to go, I just bet the opposite. Works every time.

Mon, 11/09/2015 - 15:22 | 6768810 buzzkillb
buzzkillb's picture

Buy high, sell low, make it up in volume!

Mon, 11/09/2015 - 15:23 | 6768818 o r c k
o r c k's picture

Yep, your conclusion should include every possible contingency. And Yep again, You Too can be a TeeVee financial "analyst".

Mon, 11/09/2015 - 15:33 | 6768859 ASACJon
ASACJon's picture

It's a rigged stupid shell game. 

There is a legitimate array of financial management services, but at the epicenter of this monster is a clique of con men who are usurers par excellence.  The big money is made by means of the (fiat) money monopoly and insider information/deals.  That's the reality of it.

Unfortunately, most of us goyim buy into the delusion that 'we too can be rich' if we 'just follow this or that guy's SECRET program.'

Tue, 11/10/2015 - 09:04 | 6768891 SSRI Junkie
SSRI Junkie's picture

.

Mon, 11/09/2015 - 16:37 | 6769159 SweetDoug
SweetDoug's picture

'
'
'
Who's on first?

https://www.youtube.com/watch?v=kTcRRaXV-fg

•?•
V-V

Mon, 11/09/2015 - 18:23 | 6769640 Commodity_trader
Commodity_trader's picture

$43.30 serves as an important level to create a new bullish momentum. The RSI and other indicators are all lining up nicely for when the support at $43.30 holds. 

http://tripstrading.com/2015/11/09/oil-daily-43-30-level-as-trigger/

Mon, 11/09/2015 - 21:26 | 6770363 luna_man
luna_man's picture

 

 

"Fed Lifeline to End"...Think about it, do you think these CRIMINALS, have done all this damage to give up now?

 

I'm just curious to see what happens to the CRIMINALS, when natural forces take over. Then and only then, CRIMINALS, will realize it's a small world after all.

Mon, 11/09/2015 - 23:28 | 6770833 Dr_Snooz
Dr_Snooz's picture

"So ten days ago, a December rate hike is why "stocks ended sharply higher", while today a December rate hike is the reason why "stock tumbles in global selloff.""

Oh bro! I've seen so many examples of this journalistic schizophrenia in my years following the markets. It's not even funny. You see XYZ stock getting hammered one day because, "XYZ announced big job cuts today." Then 6 years later, the same stock rockets higher on the very same news. When I saw enough of that crap, I realized that markets are fundamentally irrational. There is no logic driving them. The journalists are hired to invent a plausible narrative to explain it. In the end, it's all a big joke.

Tue, 11/10/2015 - 05:39 | 6771365 the correlator
the correlator's picture

"On Wall Street today, news of lower interest rates sent the stock market up, but then the expectation that these rates would be inflationary sent the market down, until the realization that lower rates might stimulate the sluggish economy pushed the market up, before it ultimately went down on fears that an overheated economy would lead to a reimposition of higher interest rates."

Tue, 11/10/2015 - 06:48 | 6771427 Fed_is_Love
Fed_is_Love's picture

And last time it was China's fault. MSM can't make up their minds.

Do NOT follow this link or you will be banned from the site!