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Traders Buy Bonds & Guns, Dump Stocks & Credit As Crude Crashes To 7-Year Lows
While the US equity market is addicted to central bank heroine - as evident by Friday's response to Draghi and Monday's give back - it does not compare to this 73-year-old man who tried to snort cocaine while being arrested in Seattle...
Crude was today's biggest news...
Total and uttter carnage to February 2009 lows...
With no central banker to explain that one should the fucking dip, stock investors were listless... Small Caps wer worst on the day... But The Dow's drop put it back into the red for 2015
As Trannies and Small Caps gave back Draghi/Payrolls gains...
Futures show the craziness of the last few days...
It seems GUNS is the news FANGs...
Energy stocks were worst...
Energy Stocks were extremely ugly - biggest 4-day drop since Black Monday...
Biotechs gave back the Draghi gains...
Credit markets puked...
With HYG closing at fresh 4-year lows...
Flashing the loudest warning of all...
Treasury yields tumbled...
And the curve flattened significantly (2s30s screaming that financials should be sold)
The USDollar drifted higher...
Commodities all limped lower...apart from the carnage in crude...
Crude's biggest 2-day drop since Jan 2015...
Sending Bloomberg's Commodity Index to fresh 16-year lows...(and are 22% below the trough in 2009).
Charts: Bloomberg
Bonus Chart: This Won't End Well...
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Guns and gold n silver have always been a asset class
Long S&W.
3:30 ramp but bonds weren't buying it. More downside in stocks to come.
The moar Barry talks, the higher S&W soars!
Why are gun manufacturer stocks the only ones that seem to respond to fundamentals?
Because that is the one market where the Fed & Guv haven't shoved suppressitories up its ass. Yet.
Now could you please stop asking questions and just BTFD.
Slippery slope.... Going to get worse.
Isn't this IRONIC! Yes the Russell 2000 is actually "sick"
http://www.seattletimes.com/seattle-news/health/all-food-vendors-at-russ...
That WTI chart above looks interesting. I see inverse head and shoulders, head and shoulders, double head and shoulders, sideways head and shoulders, inverse inverse head and shoulders, oh, and double/triple/quadruple bottoms.
FFS. It's going to $28.
Remember when the treasury department issued emergency kits to their employees a few months ago because they anticipated a systemic volatility?
If they raise rates, the 9 trillion derivative in the carry trade will implode.
Guns and gold... I wonder how many top bankers did also stock up.
Yeah, those kits contained 'no-sting antiseptic wipes'...
These folks will last about 5 minutes in a SHTF scenario.
The day the stockmarket starts crashing 7% for the first time, I'm going to do round trips to the supermarket 10 times a day because that shit will go bad in a week and most people will just look at the stockmarket and wonder what's happening.
A few years back when Fukushima exploded, I bought a pallet of freeze dried food. That crap was nasty! My wife used to mock me and challenge me to eat some of that crap. MRE's they where called. One day when I was home alone, I put it all in the back of my car and brought it to the dumpster. I wonder how many prepper actually tried that crap.
There's plenty of cans that stay good for years. I'll invest in that.
You get hungry enough and you just might regret that disposal decision.
I agree with you though in general.
You could fit it all in the back of your car? Man, you were just getting started:)
Cans last forever also, taste much better and have liquids.
MRE's do suck. However, they don't ever go bad.
In a world without refrigeration, functional smokehouses, or knowledge of/access to food preservation, food that literally CANNOT SPOIL is the definition of 'priceless.'
It's enough to get you through the hard times...which is enough to enjoy the good times.
" We volatilitied some folks. "
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Sounds good to me.
All of that graph-ie paper stuff leaves me cold.
Can't stack it, can't shoot it, can't eat it.
Obama keeping stoawks up with his gun talking jive. I wonder if the Fed's POMO desk picks up some SWHC today.
some very weird shti goin on in Globex trading....
http://www.livecharts.co.uk/MarketCharts/silver.php
http://www.livecharts.co.uk/MarketCharts/gold.php
and heres ur market recap for today…
today just like every other day Gold and Silver phony paper prices rose in Asian trading only to be systematically attacked in London and New York where the entire days gains were erased…
and after numerous attempts, the fraudulent fucking DJIA and S&Piss were raised of their lows in the last hours of trading by Wall St. fucks and the MoneyChanger scum on nothing but negative economic data points...
now back to ur regularly scheduled “TERROR” programming….
TERROR!!!!!!!!
DHS is debuting a new terror warning system, maybe they can use Hoots the Owl again
Don't forget Kaiser that last evening we had a presidential address from the Offal Orifice in which he said that uh well, he said that it was .... they're really nice people who you'd not mind going golfing with on Nantucket or ... um .... uh . . . (clearing throat) .... (scratching armpit) . . . .. .. .. . He ah said ah . (clearing throat) .... Fuck, I dunno ....
at least he wants to declare war on people he has been bombing for 16 months
He said absolutely nothing...I was listening. I really wondered why he went on TV to begin with, it was all a waste of time, only about 10 min and that was it.
That speech will be used as a demo for his upcoming "how to speak for 10 minutes and not really say anything" lecture series.
KS...as usual, you provide a clear and concise editorial on the current days trading without all the fluff. thanks
my pleasure.
Buy the terror, Smith & Wesson? Online optical sight sales companies? Knife sale companies and manufactureres, Benchmade for example.
Smith & Wesson has a line of knives, I don't know who makes them. K-Bar?
Travel companies, all the cartel people and Illegas are in the US now, time to move to Mexico?
BTFD!
They'll do whatever it takes to make the year green.
BTFT = Buy the F..King Terror
The traffic stop: The cop was OK on that one. Decent guy. Actually, pretty funny. The driver? Who knows? lol
"yeah - I don't understand either!" that was fucking brilliant! +100
driver came across as the aging hippy type...
maybe Putin does "something" tonite to shake this market up
he's been strangely quite these past few days...hmmmm?
Repeat after me in a reassuring tone: Off the lows.
Let's call it green shoots :) Those used to be the most popular words back in the day :)
Or dead cat bounce....
green mouldy rotten dead cat bounce
The rotten carcass bounch?
Had a feeling by 1:00 that it was all over for today and signed out of my trading platform, the suspicious early algo dump, in the past a setup for a massive post-open retail trader squeeze at 10:30 back to opening levels, instead was step 1 in a rather robotic, orderly unwind of the post-Draghi-redux shenanigans, including a noon rebound to let machines double-dip on the selling then tread water all afternoon, with RUT tickling its 50 DMA, the QQQs caressing the 20 and SPY faking a move to the 200 before the “let’s not panic ‘em just yet” code boomeranged back past the 20 DMA.
Though monthly charts still look odd and noncommittal, it’s possible we’ll look back in early ’16 to this week as the beginning of a true ‘correction’ (as opposed to dip-creation), with my friend the Russell leading the way south, as this has the feeling of ‘someone’ tryin’ to hang on the cliff with one hand, while jettisoning ballast with the other …
'it’s possible we’ll look back in early ’16 to this week as the beginning of a true ‘correction’'
Without a need to repeat all the negatives had the same feeling today. The CBs have talked the talk and most know they have hit peak BS. Seems little left to sustain the markets at current levels. If this is not the time, there is not a time.
well well well would u look at this bullshit.
of course by some miracle, stawks cut there losses in half from 330 onwards , yet when stawks r up nearly 400 pts, there is not a single ounce of profit taken to be seen.
prob by tonight ( could be now havent looked ) futures will have recovered all there losses from today and we will hit 18000 tommorrow, bc ''fundermentalsss!!!!!!!
but but Channel surf tells us "technicals" still matter. .. I agree. These MFer have the audacity to program it to new highs without even trying to make it look good at this point
wasn't coke it was Yellen pixie dust, must have been headed to his overnight trading desk
Man... I don't really want to see the 2008 times again... those where the worst years of my life so far.
I bet I lost a decade of my life in 2008
But you're more prepared now than then. We all are. All pretenses of normality are gone, of course, but being better informed now than last time, we can survive. Some here may even thrive. Situational awareness, my friends.
I also got grey hairs since then and I'm nearing 40 in a year... 8 years of this crap already...
and what if all this crap continues on a slow path down for the next 25 years? I've been thinking about that...
What if the recession lasts 25 years? How prepared can you be?
That divergence in stocks and commodities is insane. There was some pretty large panic buying during the last half hour of trading in the DOW and ES.
Even worse (or at least as bad) is te divergence between HY and stawks.
And we all know that bonditos be the better discounters of future because they gots fixed cash flows, aka interest payments as opposed to maybe somewhere over the rainbow dividends and burn rates, etc.
Don't be junking knuks. he's an " fixed income " Geriatric.. :-D
Now the evidence is up his nose, that's why. lulz
Put the evidence in the car. [/Buford T. Justice]
Last chart is technically called the "Liesman Fed Governor Fluffing Position".
I don't see the word "hyperdeflation" mentioned very often. Within a couple of years, that will change.
I dont think anyone here would have a problem with it, but I bet no doubts involved 'Blendtec' could sort the whole lot owt.
Including the funny coloured residue mixed with crude.
This is more than a joke, this fucked right up.
Anyhow, google and youtube 'blendtec', very nice..
;-)
I have a hunch that on a day in the not too distant future, we'll all look back on days like today and think "ahhhh the good old days".
down down down there's a burning ring of fiyaa...a ring of fiya
This puppy is going down big time, not sure when, and Mr Yellen won't be raising rates, otherwise it goes down the next day!
The insanity can continue longer than you can stay solvent.
My treasury portfolio is paying interest AND my capital gains are UP UP UP - every time money leaves the equity casino, most of it goes to treasuries, where I have been waiting, earning stunning profits surfing them up and down.
I love these manipulated markets - without the central bankers there would never be so much predictable reliable volatility and profits in treasuries.
This is the federal government compensating me for all the earnings that they stole from me over my lifetime.
THE BANKERS are the ONLY ONES who want a BALANCED BUDGET.
AI: Tong & Triad Political Psychology
The human brain has 100 trillion interconnections, balanced by nature. Trying to replace a human, which represents the apex of what science can see, which is negligible, is an incredibly stupid approach. The fact that most jobs, especially those at the top end of the income distribution, can be done by a machine tells you how incredibly stupid those jobs are.
An expert opinion about a brain by a brain is useless. Left to its own devices, the brain is self-obsessed, which is only multiplied by groupthink; all it can do is produce gravity. With groupthink, most of the signal is thrown away by the self-reinforcing bias, and the remainder is amplified.
Trump is berating the media, but says nothing about the artificial real estate inflation pounding the global middle class into submission, and Hillary's response is that women should be able to do the same damn thing. Both point at the symptom that is terrorism and propose more of the cause as the solution, Draghi's only tool. Whether the Fed raises or NIRPs, issuing legacy credit in both directions, is irrelevant.
Of course they can't figure out how consciousness arises, even though the basic physics is staring them right in the face, on the other side of the mirror they have constructed with false assumptions to confirm themselves. Einstein didn't invent anything. The atom bomb simply became expedient when Tesla's work was about to turn the empire on its head, at the point of demographic collapse, just when you would expect it to appear.
Government is designed to out-select natural selection, and is doing a piss-poor job by all accounts, gobbling up everything in its path, so the majority votes to require full participation right out of the birth canal, with Obamacare. Under those conditions, Pollyanna is an effective response for mom, to raise independent-thinking children, because left to his own devices, dad is going to design weapons. Taking Grace from the equation leaves war as the outcome.
I can fix your elevator and distribute the income to balance the system, or I can supply the combatants with weapons, to kill each other. If you want to vote that the majority is smarter than the minority, that an irrational market can outlast all rational investors, and that the majority has the right to kidnap children, to enforce its arbitrary debt issuance, you are certainly welcome to do so. There's always another crack-pot economic theory to replace the last.
Life goes on, while the majority creates and responds to artificial emergencies, which is why labor says that a crisis on your part is no reason for an emergency on labor's part, and if you don't like this speed, you certainly will not like the next. You are best off doing some work, better off controlling legacy capital being depreciated, and worst off vacillating in between the two. Labor is not being squeezed by vice.
America is just the latest Nation/State scam with a middle class dead in the water, salted by scapegoats trading among themselves to maintain pressure on a nearly empty toothpaste tube. There are two basic types of circuits: one with an input and an output, and one with an output. Like the brain and body, capital and middle class occupies one side of a fulcrum, over spacetime, which, not coincidentally, is a dc circuit chasing its own tail and getting further behind.
There is control, money and life. The brain God gave you is far more valuable than other people's real estate inflation, unless you replicate the ponzi behavior you see, which you may want to do, from time to time. Capital can't get enough control because trying to out-smart the universe doesn't work, and paying people to pretend it does merely creates the illusion, with increasingly expensive drugs.
Money doesn't change system outcomes; it merely controls recognition across event horizons created for the purpose, swapping chairs on the Titanic to keep everyone busy. America is dead in the water because it pissed away its resources playing the game, like every other nation/state, including China, and global banking can only discharge the economy quicker with robots as the economic slaves. The remainder of the upper middle class built with debt is being squeezed out accordingly, as slow as possible.
No one in this country pays taxes. We issue debt to pay make-workers and finance war, to take other people's crap. And Americans are now so weak-minded as a result that the rest of the world is telling us to go f- ourselves, lighting fire to their own economies. When the army approaches, set your field afire, so it has nothing to eat.
You get paid to fix crap; only politicians get paid to assign fault, the only possible result of which is denial, anger and depression, and at the end of an empire cycle, most Americans are politicians, with no exit but war. If an employer doesn't want to pay you, find another who will, or start a business. Most employers are really landlords, seeking economic slaves.
The big accounting firms devise an arbitrary extortion algorithm, and the engineers provide a ladder and wiring digram, all of which is easily replaced by a program writing a program. If you look backwards, from the physical symptoms, your only tool is probability, creating more symptoms to feed the activity. That $10k proprietary circuit board becomes a $15 generic board, easily bypassed, if you look forward, replacing any or all of it in the circuit.
The majority voted itself the right to kidnap and re-educate your children, to enforce arbitrary debt and subsidize equal rights for stupid, placing itself on the path to WWIII. A politician in a robe assigning individual fault for system stupidity is the illusion. All isms are communist dresses, played against each other to protect legacy capital, designed to rule the victim guilty.
Chimerica rotating native-borns out and foreign-borns in, swapping perceived liabilities in a house of mirrors, is no accident of History. The AI program writes itself; your are the conductor. Effectively, you are building a maze, which implodes upon itself, with consciousness.
If you are going to bet on what you see, I will take that bet every time, and so will legacy capital. The difference, probabilities measured in the mirrors, is that legacy capital thinks it is hiring engineers to write the code. Don't underestimate Pollyanna; remote control works in both directions, like an Osterizer.
Like the cover of a book, don't let the color of one's skin fool you, in either direction, to zero you out. The electron appears in more than one dimension at the same time, and neither in both. From the perspective of the willfully ignorant, Tesla may as well have been an alien.
Whether the majority is replaced by a machine, bombed, or shot in the head by a plant with an AK printer is irrelevant.
Charts and history mean nothing anymore
Never has the market been so thinly traded by algos and infinite margin
It can go wherever they want it to go
I love all you folks. Really. I do.
Please don't freak out over oil prices. Oil prices are going down because of three fundamental reasons:
Markets go into turmoil for many reasons, and because energy isn't subject to the ever-increasing pressure from technology, it has taken a long time for structural issues to occur that is pushing energy prices to 7 year lows. Energy, unless we're in a war/crisis (yes, could happen), is a COMMODITY, and is primarly driven by supply, demand and marginal cost of production. That is why oil is sitting in storage, on tankers, and why integrated oils cos have to keep things moving (that debt doesn't pay itself off).
I won't speak to the issues and implications that the article insinuates, but as for the oil/energy market, try not to over think what is happening. Your Econ 101 professor would be disappointed if you got this one wrong on the midterm from having gone off on some bizarre tangent that includes collusion, black markets, and an Obama-led conspiracy.
Let the flaming begin! ;)
I love all you folks. Really. I do.
Please don't freak out over oil prices. Oil prices are going down because of three fundamental reasons:
Markets go into turmoil for many reasons, and because energy isn't subject to the ever-increasing pressure from technology, it has taken a long time for structural issues to occur that is pushing energy prices to 7 year lows. Energy, unless we're in a war/crisis (yes, could happen), is a COMMODITY, and is primarly driven by supply, demand and marginal cost of production. That is why oil is sitting in storage, on tankers, and why integrated oils cos have to keep things moving (that debt doesn't pay itself off).
I won't speak to the issues and implications that the article insinuates, but as for the oil/energy market, try not to over think what is happening. Your Econ 101 professor would be disappointed if you got this one wrong on the midterm from having gone off on some bizarre tangent that includes collusion, black markets, and an Obama-led conspiracy.
Let the flaming begin! ;)
Deep Breaths.
Live life in action, NOT reaction.
Think about how many HOT chicks you haven't nailed on your way to "serfdum"?
Hey officer...wanna a line?