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One Terror Attack Too Many? Equity Exuberance Fizzles On Late German Bomb Scare
Yesterday terrorism was awesome for stocks... today not so much...
Seems like it's all about Europe again...
Mainstream media explains...
But bonds saw an aggressive safety bid...
Decoupling from stocks...
And crude gave up yesterday's excited gains... (as precious metals caught no bid)
And Crude decoupled from stocks...
Stocks ended the day mixed - giving up early gains. Remember we saw the weakest Industrial Production growth since 2009 today!!!
But some individual names were utterly destroyed...
SunEdison... (hedge fund liquidation)
VRX ended with a 60 handle...
GNC was crushed down 27% before boucing back (govt probe)
VXX (the VIX ETF) surged...
As VIX and Stocks decoupled... note that everything ramped when the NYSE options broke...
The dollar kept rising...
In fact the Trade-Weighted Dollar hit a 12 year high...
Gold closed at new Feb 2010 lows, down 14 of the last 15 days...
China Copper has collapsed to 2009 lows...
Crude ended the day with the lowest close since August 26th...
Charts: Bloomberg
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Never let a crisis go to waste
Market: Terrorist attacks in France = Bullish
Market: Terrorist attacks in Germany = Bearish
wtf...
But a S&P 15 point drop is not exactly bearish. And we saw an initial decline of exactly the same in the S&P futures market Sunday evening after Paris. Wait until tomorrow.
i dont know about u guys...but i piled into Home Depot and Wal Mart in the last 30 minutes of trading today...
everything is fucking GREAT!!!!!!!!!!!
USA!!!!!!USA!!!!!!USA!!!!!
WE ARE EXCEPTIONAL..............
Charts don't matter. There is only print and propaganda
Algos got confused.
Looks like gold will have to go below its 2009 lows before the stock market collapses.
SunEnron, indeed. I should've shorted that pig.
UVE got wacked too....that was a great momentum stock.
So if the German bombs had gone off this would be bullish ?
the problem for stocks is that the bomb never went off
peace = bearish
think of all those broken windows we could have had!
NO
BOMB
WAS
FOUND
SO
FAR
They don't need one, just the idea of the bomb is enough right now. Think of it as a pump fake, but the next terrorist attack will happen soon. Gotta get the sheep in the right mindset first.
https://www.youtube.com/watch?v=sq9vpgaBgzY
Just to confirm what you've just said. A herd of wildebeest have got more guts.
From what I have read, Obozo's J/V team, ISIL said it would bomb France,Germany, England & the USSA.
In that order, so it should get the stawk market roaring again!
Bullish? Bearish? Better go watch fast money hopefully Gartman is on.
Everything is getting better ...
Obama will be remembered.
https://www.youtube.com/watch?v=VlVmdGiAH2A
That Eiffel Tower pic is too soon. Poor form, even by Fight Club standards.
Paris-Attack-ISIS-flag-mainJames Corbett
TheInternationalForecaster.com
November 17, 2015
Let us for one moment accept the whole Paris attacks narrative hook, line and sinker.
That the French government could not possibly have foreseen an attack.
That a multi-site emergency exercise planned for the same day just happened to be simulating an armed group committing attacks around the city just hours before that very scenario unfolded.
That the “mastermind” of the attacks just happens to be the latest in a string of terrorist boogeymen who manage to escape capture time and time again.
OK, fine. The question that the French people should STILL be asking themselves, even if they believe all of that, is this: How does the Islamic State, a ragtag band of jihadis who are supposedly at war with the combined military might of the US, Turkey, the Saudis, the Russians, the Iraqis, the Iranians and many others (including, of course, the Syrians) manage to fund and coordinate spectacular international terror attacks, including not only the Paris attack, but also (apparently) bombings in Turkey and Lebanon, and the take down of Russian airliners? How is it that governments can flag and track the “suspicious” financial transactions of anyone withdrawing or transferring over $10,000 from their own bank account, but can’t seem to find a way to restrict cash flows, arms and munitions to a geographically isolated enemy who are dependent on oil sales for their financial survival?
Good question. Just don’t ask the US State Department spokesman those questions, because he doesn’t have the answers. When asked earlier this week by RT’s Gayane Chichakyan “whether the US has sanctioned any banks suspected of carrying out transactions for ISIL,” department spokesman Mark Toner responded with a resounding: “I’d have to look into that. I don’t have the answer in front of me.”
who-created-isisApparently the question of how ISIS is financing its operations is of so little interest to the State Department that they haven’t bothered to look into it. So in the interest of helping them out with their homework, let’s connect a few dots, shall we?
Earlier this year it was revealed that French President François Hollande had authorized illegal shipments of arms to the Syrian terrorists in 2012. The deliveries–including cannons, machine guns, rocket launchers and anti-tank missiles–were in direct contravention of an EU embargo that was in place at the time.
In late 2012 it was revealed that one of the most prominent backers of the Syrian terrorists was the French government, who in addition to their illegal arms shipments were also delivering money directly to the terrorist opposition leaders.
Last year the French arms export industry enjoyed its best sales in 15 years, with revenues up 18%. The reason for the Merchant of Death bonanza? A spike in sales to Saudi Arabia and Qatar, two of the main funders and supporters of ISIS.
Of course, not all of the blame for the fostering, funding, arming, equipping and training of ISIS belongs to France. Much of it belongs to the United States, its Gulf allies, Turkey and Israel, as well as assorted other NATO members. But there is a line to be drawn from the arms and funds that France supplied to the “moderate” terrorists in Syria and the seeming international operational abilities of this seemingly unstoppable terrorist boogeyman group.
France is a nation in mourning. But perhaps the French people can reserve at least some of their outrage for the government which has used their own tax money to fund, supply and support the terrorists they are now at war with.
+1000
Post of the day IMO
TPTB want WW3 at all cost. Credibility, truth or reason be damned.
We don't get asked, we don't get to say our opinion and we will have to pay our tolls and make sacrifices because TPTB wants so.
Best to stay off the grid for a few years until ... I'm not sure what that "after" should look like. TPTB will never let go of control.
Nuclear war will kill TBTB quickly and TPTB know it. TBTB , Obama for sure, certainly wants the White Christian west to collapse.....he hates whites , and Christianity. Merkel et al are just a bunch of liberal fools who don't want to offend anyone from the "religion of peace".... Stupid is as Stupid does and all.
You mean those clowns buy and sell stocks depending on "terrorism" but not on FUNDAMENTALS??
One too many?
Who knew 27,287 would do the trick?
http://www.thereligionofpeace.com/
They cancelled a soccer game and a concert. Ragheads 2 Civilization 0
Q4 in Europe is going to be a desaster. First the migrant invasion and now terror. People don't want to buy anything they can't move outside Europe and they are scared but they won't admit it.
European minds are in hunker down mode.
How any of this can possibly be bullish is beyond me. People being scared out their wits will not be happy, happy spend consumers.
Nobody needs gold because the dollar is so much moar awesomer.
Do terror attackes come in three's too. Russian plane, Paris...
What is fundamental is the global industrial civilization needs lots of debt. If that's provided, the rest is gravy.