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US Equities Hit Air-Pocket As Oil Breaks Below $41
US equity makrets appeared to decoupled from their long-run driver USDJPY around the time ADP data was released. Since then stocks have tracked crude oil, which thanks to its OPEC-comment-driven stop run, and DOE data is now tumbling...
Stock gapped lowe r on heavy volume..
As oil broke $41...
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That was me buying 25 ounces of Canadian silver.
VIX is up 4% and yet UVXY (double VIX) is up less than 1%?
UVXYi s not the preferred market manipulation vehicle.
#selfhelp
#shutthedoors #casinoclosed
The economic pump is cavitating. It must be reprimed (QE) or let the motor (consumers) burn out. Either way, we have a problem.
Air pocket?
Come on, Mr Yellen, slap on a couple of Halos and stick that 14 gauge x 3.25" needle in between the second and third ribs, mid clavicle, and listen for the wheeze. Then pull the needle, leave the cath, tape that shit up, and find the next casualty.
Air pocket is the new term for brick wall and I think they are in terminal triage and they will be giving the economy an overdose of morphine to try and keep it quiet till the end....
Smell of Increasing Taxes
Gasoline Tax
Tolls
Mileage Tax
Property Taxes
Income Tax
Things are looking good in the coming decade or tow or three.
Increased gov revenue (even without a product, magical)? Treasury's? Seem the most solid bet, for a while.
I don't see us having enough left in the tank to make it two or three more decades....
I think one decade may be a stretch!
Lower-er-er-er...
I remember an article on ZH that fortold of spontaneous proton reversal if oil got below 71 was it?
And we are still going down.
Looks like the Fed's covert stock buying program can't keep up with the number of humans selling today.
5 handles is an air pocket? What's a crash, then? 7 handles? Fuck this market in the ear, then in the other ear!
The International Energy Agency (IEA) November report offers no hope for an oil-price recovery any time soon. Over-supply and weak demand for oil will dominate through 2016.
http://www.forbes.com/sites/arthurberman/2015/11/13/iea-offers-no-hope-f...
" Change you can beleive in! "
By black gold of course i mean oil pricing too has nothing to do with demand - but why should that be?
http://www.investopedia.com/articles/economics/08/determining-oil-prices...
Seems like Russia may be the target BUT... Low oil and fuel prices really do help low income people although the excess likely goes to interst payments on school or car, but think of all the transport cost savings.
I think its really about keeping the American zombie economy lumbering forward at least until it can kick over syria and iran for israel, who will likely use isis proxies on lebanon fairly soon before rolling in again.
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Demand just had the trap door open. Down the shute.
$13 Ag, $999 Au, $39-minus crude - Bring it, but the increasing stack of cash will buy even moar PMs lower, later, as the world trade collapse worsens, capex vanishes, and deflation comes into focus as the new abnormal.
Coupled to oil? I think not.
The illusion requires hiding the truth about:
1. Employment
2. Stock market
3. Soup lines, i.e. EBT/SNAP/Food stamps
4. GDP/GNP in post manufacturing economy
5. Inflation/deflation reality
When these are no longer faked, the system crashes.
Air pocket? I think it was Janet Yellen getting more flatulant the closer they get to the fateful announcement. She can't cut the mustard, so she is cutting the cheese.