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Trannies Turmoil Amid Crude Chaos As Credit Crashes To 6 Year Lows

Tyler Durden's picture




 

In the Nasdaq today...

Trannies were by far the day's worst performer...

 

Nasdaq managed to hold on to gains post Draghi but the S&P and Dow gave it all back...

 

Since San Bernardino...

 

This would be the first four-quarters-in-a-row drop in Transports since 1994 and the worst year since 2008...

 

As they caught down once again to oil's reality...

 

Stocks and credit decoupled again...

 

High yield bonds broadly collapsed to August 2009 lows...worst day in 3 months...

 

As CCCs crashed to new wides...not seen since July 2009

 

This won't end well...

 

Treasury yields trod water within a very narrow range today...almost comploetely retraced the ECB sell-off

 

As The USDollar drifted lower again after recovering some of the ECB losses...

 

Commodities continue to flatline broadly with crude having a wild ride today...

 

A lot of chatter in the crude oil trading complex today.. which left the commodity practically unchanged as dip-buying algos rescued WTI from $36 and Brent from $40...

 

But Open Interest in $35 Puts expiring shortly have reached record highs...

 

 

Charts: Bloomberg

Bonus Chart: Canadian Stocks hit a 2 year lows... playing out 2008/9 perfectly...

 

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Tue, 12/08/2015 - 17:08 | 6895762 Kaiser Sousa
Kaiser Sousa's picture

and heres todays market recap…

the Dow fell some 240 points this morning on abundant negative economic data and indicators before the predictable London pump appeared in the last hour of trading in the European headquarters of fraud and corruption…

and the phony paper price of Gold and Silver were once again hammered upon the CRIMEX open and the London close for no reason whatsoever other than the MoneyChangers desperate attempts to keep idiots from exiting the debt based dollar paradigm while accumulating real money and taking back individual and financial Liberty…

the Equity indexes then assumed the familiar “sideways trading” hovering pattern for the remainder of the day as continuing horrid data such as layoffs, mine closures and generally shitty economic news continued to flow…

cheers and bullshit everyone…

Tue, 12/08/2015 - 17:09 | 6895766 Soul Glow
Soul Glow's picture

At what level do stocks need to get Yellen to not raise?

Tue, 12/08/2015 - 17:15 | 6895791 Pooper Popper
Pooper Popper's picture

Come on Tyler you pussy......Fight the Monkey!

https://www.youtube.com/watch?v=KHA8e7lRfWg

Tue, 12/08/2015 - 17:24 | 6895836 Tyler Durderian
Tyler Durderian's picture

You used the term pussy in a post with trannies in the title. 

Is a SIGN ! LOL

http://goo.gl/HON2r8

Tue, 12/08/2015 - 18:51 | 6896263 SILVERGEDDON
SILVERGEDDON's picture

Oh noes ! The monkey's all have pussies now !

The End Is Near !

Tue, 12/08/2015 - 17:20 | 6895812 Xscream
Xscream's picture

could already be there....:)

Tue, 12/08/2015 - 17:29 | 6895820 Deathrips
Deathrips's picture

Sold my WTI feb, march april, may 45 puts at 37 today and bought upside protection 42 puts feb 1.10 and march 2.10.

Bounce back...on deck. 30% position. 

 

Still going to the 20s.

 

RIPS

 

 

Tue, 12/08/2015 - 18:28 | 6896157 Shizzmoney
Shizzmoney's picture

I wish we had a chart that correlated the demise of the oil price with the rise in ISIS attacks.

Turds of a feather...

Tue, 12/08/2015 - 18:37 | 6896207 dimwitted economist
dimwitted economist's picture

president Obama wants you people to

GET OUT THERE AND BUY SHIT!!!!!

HURRY.. or else the Terrorists Win..

God Bless America.. 

Tue, 12/08/2015 - 20:56 | 6896933 g'kar
g'kar's picture

+1...no need for any fancy charts or cnbs doublespeak for a concise recap....

Tue, 12/08/2015 - 17:09 | 6895763 Soul Glow
Soul Glow's picture

Still a 25% chance ZIRP will stay in place?  

So you're saying there's a chance!

:)

Tue, 12/08/2015 - 17:09 | 6895765 One And Only
One And Only's picture

Trannies in turmoil? 

Really Tyler, isn't that a bit insensitive?

Tue, 12/08/2015 - 17:14 | 6895784 knukles
knukles's picture

Insensitive?!?!?!?!
Heavens, I remember a few times being like the guy in the cartoon puking his guts out when I got caught on the wrong side of a major move.
Been in this business long enough, it happens to everybody.   Chill choke damp fear.

Tue, 12/08/2015 - 17:17 | 6895788 One And Only
One And Only's picture

Culturally insensitive. Ya know...to actual trannies that might be reading this. It could hurt their feelings and make them feel non inclusive. It's a form of microagression. 

Of course I'm being /sarc but this the world we live in.

Tue, 12/08/2015 - 17:17 | 6895796 knukles
knukles's picture

Oh, boo hoo. 
Don't want to piss off any sexually confused Democratic voters now, do we?
OK, so we give them a safe place for hugs, with some Johns.

Tue, 12/08/2015 - 17:24 | 6895815 One And Only
One And Only's picture

You have a lot of pent up microagression.

You need some training on microagression from the UCLA. Here is some literature they have provided to assist you:

http://www.ucop.edu/academic-personnel-programs/_files/seminars/Tool_Rec...

Tue, 12/08/2015 - 17:39 | 6895924 lakecity55
lakecity55's picture

Whoever wrote that crap needs to swing from a rope.

And I don't mean on a swingset.

Tue, 12/08/2015 - 17:10 | 6895771 Theta_Burn
Theta_Burn's picture

Fear that max pain..

The next jet to get rocketed over there will send crude up $20 a bbl in minutes..

Tue, 12/08/2015 - 17:16 | 6895793 thismarketisrigged
thismarketisrigged's picture

ALL THAT MATTERED TODAY WAS THAT NFLX, FB, GOOG, AMZN AND AAPL ALL FINISHED GREEN.

 

FUNDERMENTALS!!! 

 

EVERYTHING IS BULLISH FOR AMZN

Tue, 12/08/2015 - 17:22 | 6895824 adr
adr's picture

Well when the Fed buys stocks.

 

Still loving the $5 trillion in revenue Amazon needs to bring the company down to a "reasonable" P/E of 16.

Tue, 12/08/2015 - 18:14 | 6896091 Make_Mine_A_Double
Make_Mine_A_Double's picture

I saw for the first time today an Amazon 1 hour delivery car in the city. Amazon livery all over it. 1 hour guaranteed.

Now I know I'm old school and all, but WTF requires 1 hour delivery other than coke and smack?? What your too drunk to drive to the liquor store so you have them drop off at the office.

What else could you - a normally functioning human being - need in an hour that you can't jump in the car and go buy yourself?

 

Tue, 12/08/2015 - 18:51 | 6896266 seek
seek's picture

Condoms would be an obvious choice.

Tue, 12/08/2015 - 19:53 | 6896543 Make_Mine_A_Double
Make_Mine_A_Double's picture

So you about to bang the red headed chick down the hall and you have to call AZ for rubbers. So she chirps up 'hey, those shoes and that hand bag - it's on 950 and that same purse is 1500 at Nordstroms. And this blouse is on my 'wish list' too!

Much cheaper to choke the chicken at that point.

Tue, 12/08/2015 - 17:18 | 6895806 cpnscarlet
cpnscarlet's picture

Today is proof that oil and silver are still joined at the hip. The resent .45 move up is nearly gone.

Tue, 12/08/2015 - 17:19 | 6895811 Spitzer
Spitzer's picture

I penned a way simpler and better article for the currency devauatiuon=exports myth then the one posted today on here. Common Ty. Post mine instead

http://freegoldobserver.blogspot.ca/2014/11/the-biggest-and-most-widespr...

Tue, 12/08/2015 - 17:21 | 6895814 adr
adr's picture

Why is gas still $2.20 by me?

I bought gas last year at the same stations for $1.75.

When oil briefly dropped to $80ish three years ago I bought gas for $1.99 in SC.

$36 oil still means gasoline over $2, WTF.

Tue, 12/08/2015 - 17:54 | 6895988 vq1
vq1's picture

the same reason airline tickets dont get reduced in price. 

 

because fuck you thats why. 

Tue, 12/08/2015 - 17:57 | 6896006 IridiumRebel
IridiumRebel's picture

God FUCK US everyone!

Tue, 12/08/2015 - 18:18 | 6896106 PAWNMAN
PAWNMAN's picture

Hey ADR! Come to the socialist paradise out here in sunny California. Paying upwasrds of $2.50 a gal. Of course 40 cents of that is taxes. The thieving government has their hand in my pocket at every turn!

Tue, 12/08/2015 - 17:24 | 6895837 kevinearick
kevinearick's picture

Red, Blue & Imagination

There is control, there is money, and there is life. History is a compilation of expedient, self-obsessed, groupthink decisions; control is an illusion the majority perpetuates upon itself. It is essentially a gravity buffer.

Money is what those left in control from the last cycle define to ensure compliance with the illusion of control for the next cycle, and left to its own devices can only result in economic slavery. Trump is a product of the media, he is berating the media, and lots of people will vote for him because he is the best of bad choices, fulfilling the best as enemy of better prophesy. Voting on the best of bad choices is not life.

Consciousness emerges from gravity as the counterweight. The brain continuously folds in on itself, creating a radiator we call consciousness, allowing us to inject imagination as an input. You want to reward your imagination, which you can expect the public to penalize, to the extent it effectively propels you into the future you seek.

Tesla's work is largely responsible for this century's economic growth, but it has been turned back on itself to confirm the past by legacy interests, which you should expect. Those Nobel Prizes are derivatives popularized for the purpose. Left to legacy, you will shortly be living in a cave again, which is what FANG is all about, replacing life with media.

Development is a two step forward, one step back process. You privately build two bridges ahead and drop one into the gravity of public perception when you are well onto the third. Of course those who are not bothering to develop their imagination, subjecting themselves to a self-obsessed brain, are going to penalize you, if they see you. What stops the majority is the need to live the lie of popularity, a consumer demand FANG is designed to supply.

Of course those surrounding you, who have succumbed to the gravity of History, are going to tell you that you can't beat the system. You are not trying to beat the system; you are building a life. Of course you will encounter increasing resistance from a growing mob as you develop potential, and if you succeed that same mob will temporarily offer you popularity, to drag you back into the fold.

When you walk into town, looking at its demographics, real estate control, and behavior, you are either the new meat to be taken advantage of, or a threat to be removed. If you present a threat, you will shortly be on a slippery slope to prison. In any case, you want that part-time job to present normalcy, which also gives you vision and mobility.

For all the reasons discussed, starting a real business, producing a real profit providing for others, selling at a capital gain and moving forward is a good idea, until you are ready to slow down. As provided at the beginning, those ready to slow down should have parked in treasuries with a CAD exit, because war bonds get pumped with stocks, increasingly junk bonds, over the course of volatility, until the currency has run its course, and shale was pivotal. Labor skips the market all together because it rests when it is dead.

Funny, what happens when a population wakes up to the reality of demographic collapse, after destroying its own financial system and finding itself engaged in a war it cannot win. You always have where you are, the bridge to your future, and your future. Labor positions itself at the crossroad, and treats History as noise.

Expect the critters to threaten MAD suicide, as if there is a shortage of gravity in the universe.

Tue, 12/08/2015 - 17:30 | 6895867 Eyeroller
Eyeroller's picture

Always love to see the rainbow puking clown!

Tue, 12/08/2015 - 17:45 | 6895947 nmewn
nmewn's picture

My favorite too, along with a cringing Draghi ;-)

Tue, 12/08/2015 - 17:57 | 6896002 vq1
vq1's picture

i prefer the puking unicorn. Or as "-.-" commented the other day "really a mule with a carrot on his head."

Tue, 12/08/2015 - 17:38 | 6895891 Keltner Channel Surf
Keltner Channel Surf's picture

This may very well have been the most frustratingly difficult Russell trading day on a down session in well over a year (though IWM was off only half a percent).

Out of the 7 hourly candles, all had significant wicks, with five ending at/near their starting place (two were “spinning top” dojis, two ‘hammers’ and one inverse hammer), while the remaining two candles (at 11 & noon) had huge wicks in the opposite direction.  Though we often assume something intentionally sinister (which, more often than not in these markets, is true), in this case it was likely competing programs cancelling each other out: one buying the dip, the other selling at Unch.

Like the classic ‘flanging’ effect used in the Sixties for songs like “Pictures of Matchstick Men”, with selective frequency cancellation, in this case it may have been high-frequency (HFT) cancellation.

Tue, 12/08/2015 - 21:56 | 6897268 Username_Taken
Username_Taken's picture

The Status Quo...great reference, KCS.

Tue, 12/08/2015 - 17:34 | 6895901 Sudden Debt
Sudden Debt's picture

We'll see what monday gives.

Tue, 12/08/2015 - 17:40 | 6895927 Kirk2NCC1701
Kirk2NCC1701's picture

Never cared much for Trannies, or their fans.

Tue, 12/08/2015 - 17:42 | 6895935 dot_bust
dot_bust's picture

Now that the NY Fed has a trading floor in Chicago, it's easier to short crude oil futures:

NY Fed's "Plunge Protection Team" Starts Chicago Trading Floor "In Case Of Disaster Or Other Eventuality"
http://www.zerohedge.com/news/2015-04-15/ny-feds-plunge-protection-team-...

And the CME Group is right nearby, allowing for faster trade execution due to lower latency and lower trading costs from the discounts that CME gives to central banks like the Fed:

Central Bank Incentive Program
https://www.cmegroup.com/company/membership/files/CBIPFAQ.pdf

Tue, 12/08/2015 - 17:56 | 6896000 assistedliving
assistedliving's picture

for some reason that year looks familiar.... This would be the first four-quarters-in-a-row drop in Transports since 1994 and the worst year since 2008...for the thousandth time.  Only this time I'm feeling it maybe different...as in worse...much worse.

 

Had to buy Euro's last Friday and Draghi F#@Ked me bigtime.  Btw, i'm hearing crude selling for $10-15 in IRAQ/SYRIA.  Basically, whatever they can get for it.

Tue, 12/08/2015 - 17:58 | 6896010 vq1
vq1's picture

zero fucks given

-fangs

Tue, 12/08/2015 - 18:02 | 6896029 Surviver22
Surviver22's picture

I totaly agreee...

 

 

 

 

 

 

 

 

 

http://healthkareguides.com/

Tue, 12/08/2015 - 18:08 | 6896051 Inthemix96
Inthemix96's picture

Off topic, possibly not ZH audience.  I was working just out side Newcastle-Upon-Tyne today in a place called 'Jesmond', under a mile away.

I have read gits and pieces about it, but couldnt give a fuck either way, but met me first 'Uber' taxi in said place.  Is wasnt no ordinary taxi mind, it was a brand new, and I mean brand new silver Merc S-class 350 D.

What in the fucks name of all that is good going on here?  I am fourty years old, and wont even get me arse in the seat of one of these things new, never mind used, and someones fucking about in one for a taxi??  An Uber one at that??

The old brain must not be wired in right??

:-)

Tue, 12/08/2015 - 18:23 | 6896134 hooligan2009
hooligan2009's picture

hahaha...excellent...well..the merc is zero down, zero finance for infinity years....cash flow (cab fares) will be $400 a week...in ten years..most people will twig that depreciation on a merc is bigger than 400 a week...and then... everyhone will default on mercs!!!

one of the reasons why subordinated packaged debt on car financing is going so well in the US, second only to the financing of student loans for soemthing even worse than flowe arranging - "the arts"! - sound familiar?..

assumption..nobody ever defaults..even if they signed up for completely stupid terms for completely stupid "things"...

Tue, 12/08/2015 - 18:32 | 6896188 Inthemix96
Inthemix96's picture

Shows how daft we are as we get older Hooligan2009.

;-)

Fuck me, I, AM, getting old

;-)

Tue, 12/08/2015 - 18:38 | 6896209 Winston Churchill
Winston Churchill's picture

I wish I was only forty years old,

Hows like treating you Mix ?

Tue, 12/08/2015 - 19:02 | 6896326 Inthemix96
Inthemix96's picture

Not bad Winston mate, bar the weather cant complain.  Could do with an easier way of getting by mind, fourty or not, me owld body feels a tad older than what it is.

And I do hope all is well and good with you and yours my friend.  If, and I've told a few us old ones here, I dont see you post before Christmas, I hope you have a smashing time with those you love and hold dear, best wishes from the 'Toon'.

;-)

Tue, 12/08/2015 - 19:29 | 6896419 reload
reload's picture

Good to see you friend. Hope you and yours doing ok. Things seem to get odder by the day don't they?

Tue, 12/08/2015 - 18:20 | 6896117 SmittyinLA
SmittyinLA's picture

ooooh, thought this was going to be a story about Cait Jenner having credit card problems, nevermind

Tue, 12/08/2015 - 18:34 | 6896197 Winston Churchill
Winston Churchill's picture

Like getting the CC caught in its zipper ?

Tue, 12/08/2015 - 18:34 | 6896198 JimmyRainbow
JimmyRainbow's picture

btw what happened to these daily nanex hft manipulation graphs?

Tue, 12/08/2015 - 18:37 | 6896204 TeaClipper
TeaClipper's picture

Trannies? In this country trannies are those err Mr/Mrs/Ms/Miss Jenner type err people

Tue, 12/08/2015 - 18:43 | 6896233 Falling Down
Falling Down's picture

Tru dat.

Tue, 12/08/2015 - 18:44 | 6896230 yogibear
yogibear's picture

US debt clock at $18.78 trillion. Soon $19 trillion.

http://www.usdebtclock.org/

With QE4 look for $20 trillion next year. Janet Yellen talked about more QE next year if things are not better.

Tue, 12/08/2015 - 18:54 | 6896281 EndOfDayExit
EndOfDayExit's picture

So, they are raising rates in like about a week, right? Where's the sell-off? I had a hunch back in August that they would somehow manage to both raise the rate and would not let the market go lower. Back then it was more like a crazy dream to me though. Now it is coming true...

How the F* are they doing it?? Seriously, what has changed since August? How did CBs "convince" the market? Is it all because of Draghi promise or what?

Tue, 12/08/2015 - 19:45 | 6896507 Saddam Miser
Saddam Miser's picture

"I am Cait" halloween costume.  Nice touch, Tylers.

Tue, 12/08/2015 - 19:45 | 6896508 swamp
swamp's picture

Trannie? I thought you were referring to Michael aka Michelle Obama. LoL. Hahaha

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