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S&P 500 Opens In The Red For 2015 As Energy Crash Continues
The last week has seen Small Caps first drop into negative territory for the year (joining Dow Transports). Yesterday The Dow joined the un-party. And today, following growth concerns from China trade data, The S&P 500 has tumbled to open in the red for the year...
Nasdaq remains the year's big winner up 10% (thanks to NFLX...) but the rest of the 'markets' are now in the red... with Trannies getting crushed down 14%...
Is this where it's heading?
Charts: Bloomberg
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Ho! Ho! Hooo!!!
Santa Clawback is coming to town.
"So there's another direction stocks can go other than up?" - 18 year old stock 'genius'.
fed will buy any stock at your cost
Ultimately the Fed won't just buy stocks they'll end up buying excess inventory and uncollectable accounts receivable out of dozens of large US corporations. If it's not nailed down, they'll buy it. If it is nailed down, they'll buy it and the floor it's attached to.
"opens red" and later "promptly ramps to green"
Are we getting de-FANG'd for Christmas??
A greenie NoDebt for ' If' it is nailed down, they'll buy it and the floor it's attached to.'
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Does someone have that link to the site that shows when the market messages are broken?
BTFD? or BOHICA?
BOHICA squared
"We cornholed some folks..."
I double dog BOHICA you!
After QE and Operation Twist, Mr. Yellen recently announced the next round of easing to be called "BOHICA to Infinity and Beyond!"
AND HEEEEEEEEEEEEEEEEEERRRRRRRRRRRRRRRRRRRSSSSSSSSSSSSSSSSSSSSs the movie:
https://www.youtube.com/watch?v=2uI0o8QfTBU
Options Expiration Next Friday should be interesting 1.1 Trillion will change hands.
Yezzz, as the casino owners say: "Now if we can just get everyone onto this side of the boat." ;-)
LOLLOLOLOLOL.....
Expectation of a .25% rate hike and this thing takes a nose dive.
Reminder of what I've been saying since June: Stay the hell outta the markets until QE4 is announced (and it better be twice the size of the last one).
The cracks aren't just showing, they're widening. China ISN'T improving and that's taking the rest of the world down with it. The Fed hiking rates is them whistling past the graveyard. Even if they avoid hiking rates indifinitely it won't be enough. They have one option left: print like mad. The other option is to allow a crash and markets to clear, which, obviously, they will never allow because it would take down the Federal Government with it.
The fed isn't stupid, they know this is going to crash the market. I think they're going to do it though, just to justify QE4. Old Grandpa Yeller has said they'll use Asset Purchase programs in the case that a raise in interest rates fucks everything up.
Not sure I buy that they know what will happen, but I can appreciate the perspective. Ultimately, it won't matter because necessity will drive them. The jaws of a liquidity trap only ratchet one direction. They just don't believe they're in one.
Years back on here I used to joke about the Fed doing QE at the same time they are raising rates. That thought used to make my brain hurt, but I've gotten more comfortable with being a possible outcome.
We ALL knew this would eventually happen, given the Keynesian policies of the central banks. Why didn't THEY see it though?
Academics in charge.
Though Mr. Yellen knows he's the sacrificial lamb, or goat..
I'm just dumbfounded though at these supposedly smart people in charge. Don't they have 1-, 2-, 5-year projections/plans? They could not figure out after QE1 and it was a futile effort that would require more and more stimulus, ending with an addicted market? Do they believe that banks and businesses should NEVER have any setbacks or reorgs or pain at all, even for stupid business decisions? WTH?
Think of this as a wizard of oz cult. You don't question the man behind the curtain and you certainly don't draw rational conclusions based on what you see with your own eyes. They're going to make it okay, it's not your fault, they have a plan for us all, they're prophets, they're the sons of god, the chosen ones, don't despair, they will provide.goyim
Not goat, RadioFlyer (yeah, I had one-the stakeside) - there are too many Muslims around DC.
Debt based, you know, is still debt based.
September lows?
I don't think so. That's only 15% down.
Agree... if it goes down towards there again I don't think it will stop there.
aaaaand it goes back up.... dead cat bounce today or a big ramp?
If the Fed raises interest rates they’ll turn this recession into a Great Depression. Anyone who thinks the Fed is hiking this month has shit for brains!
But the Fed has been declaring how great things are - they have to raise 1/4 point or look like chumps. When the recession is evident, and it will be before any rate hike could be effecting things, they will look like chumps. They are almost out of street cred. I think a lot of people now know the emperor is naked, but no one is communicating this en masse amongst themselves. Eventually that outing has to happen publicly.
Tyler should do an analysis of how many central bank jawbonings per unit time are happening over some long period. I think you will find that as time goes by, the bullish time effect of each jawbone (of asses?) lasts less time according to some decay function. The reaction to this has been more jawboning events - when the Fed could not meet the demand, they enlisted the help of the ECB, BOJ, etc to keep things up. The thing is the time each jawbone lasts is trending to zero.
Very good observation - right on. I have posted a number of times the last six months or so that the Fed won't raise rates.
They can't.
But now they are in a position where they must, or lose the tiny bit of credibility they have left.
So does They Must trump They Can't?
This time, despite They Can't, They Will. They Gotta.
Followed by QE4. I'm with No Debt - this shit makes my head hurt.