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Credit Carnage & Contagion Sparks Panic... Buying Of Stocks
Today...
The Yellen effect pic.twitter.com/ogQgxINN2r
— Morris Cabrioli (@insidegame) December 14, 2015
Today's focus was on credit markets - rightly - as the contagion spread to IG markets...
But it started when China devalued the Yuan yet again...for the 6th day in a row - and in growing size - PBOC fixed the Yuan weaker to its weakest since July 2011
And The National Team stepped in to save Chinese stocks again...
The equity market "went nuts" just after 10am ET this morning with a wild algo seeming wreaking haov in S&P Futures and the VIX ETF complex...
But, despite the carnage in credit, VIX was crushed in an effort to prove to 'mom-and-pop' that everything is awesome...
But USDJPY did the heavy-lifting as stops were run to 121...
Leaving stocks soaring into the close (Trannies and Small Caps remained red)...
Year-to-Date, it's ugly with only Nasdaq holding any gains...
And the last time this kind of vol hit, The Fed folded...
Trannies entered a bear-market (down 21% from the highs)...
Stocks and credit did not agree...
Treasury yields rose notably today (China selling? or liquidation flows from bond redemption requests)
The US Dollar closed unchanged against the majors - dumping into the European close and rallying all the way back this afternoon...
Commodities were mixed today but as the USD rallied after Europe's closed so they all leaked lower (despite crude's exciting algo ramp this morning)...
Crude prices rebounded... running stops at the lows and highs...
After Speculative crude shorts hit a new record high...
Charts: Bloomberg
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I'VE DECIDED!
I'M NOW READY TO GO ALL-IN ON THE MARKETS!
(perfect timing)
This all's seriously fucked up.
huge relief rally 12/17 thru 12/31 no sarc
Your post is like a Kabuki dance - subject to interpretation. Please present a fukin chart so that we may Devine your meaning. Respectfully.
Eventually it just becomes comedy once you figure it out.
a tragic comedy with millions being wiped out (if not wiped off the face of the planet with the war used to cover the theft)
I said a Novia for the poor dead paper and lit a candle.
I know every thing is 0s and 1s now , but it's a faith thing.
Here's the whole plan.
Ready?
Buy stocks, sell gold.
That's it. That's the entire "plan" of the dirt-bag tribe of banksters in control of this shitshow.
People had to know that crude pump was coming, shorts were there for the fleecing...
Me too. I'm gonna sell my PM that I bought in 2011, when I left stocks, and will now go back in. All in. Timing, baby!
I should write a book, or give financial advice.
"Then you sound like the perfect candidate to participate in my globally recognized newsletter!" -D Gartman
i mean really man is that how desperate these mother fuckers have become....
http://www.marketwatch.com/investing/index/DJIA
and the lead story over a marketFarce where i watched that fucking farcical fucking pump reads as follows....
"More than half of millennials have less than $1,000."
what a pathetic fucking joke.....
How about that ramp up?
Gosh, I am so glad I have a 401(k) and people really care about my future!
i know, me too. If i put my nose down and work hard ill be a millionaire someday!
I bet before you/we retire, we'll be earning over a million per year, and we'll still be behind inflation.
Help Help I'm being ground between the millstones of taxation and inflation.
my understanding of percentages is all fucked up now, as in what percent are in the middle class, what percent own what percent of wealth. How much money is alot, i cant even count the zeroes on our national debt. Is a million dollars alot? Is a billion? Am I rich or poor?
help me Yellen, please explain it to me.
I don't vote, so I blame myself.
"The median net worth of a member of Congress was $1,029,505 in 2013 — a 2.5 percent increase from 2012 — compared with an average American household’s median net worth of $56,355. Once again, the majority of members of Congress are millionaires — 271 of the 533 members currently in office, or 50.8 percent."
im sure they care about your hardships and want to help.
Ah governance, you get what you pay for. Literally.
Just heard Lurch Kerry say that Trump, Cruz etc... are not qualified to be president, if they don't believe in the climate change fraud/lie.
Straight from the horses ass. What a douche bag!
Lagarde is drunk quietly sobbing over her ouiji board
Trying to get in touch with Keynes.
Bad idea. He'll keep you printing out letters to infinity.
The thieves are still in control.
Relax, says Frankie.
Nope Nothing Weird Going on Here At ALL..
IT'S A RECOVERY...
OR
Something...
beautiful 3:30 ramp. sarc/ It's so predictable it's a kind of magic BARF
I have sat at ymca for the last 8 Monday for my kids swimming lessons. All 8 weeks at 4 pm I sit here pissed off. Which must mean Gold has lost $80 the last 8 Mondays and the Dow ramped up 100 points at 330 the last 8 Mondays. It truly is Ground Hog day for me with water. Amazing!!!
... totally natural ...
... totally the invisible hand and shit ...
... totally ...
hey ... is that a whale having sex with an octopus?
(smoke bomb - then run)
Considier it. Done Deal. NYT baby! They got this.
http://www.nytimes.com/2015/12/05/business/economy/jobs-report-hiring-un...
like promising to get above a zero on your math test.
the STOCKROACH Fucks are getting Scared...
LOLOLOLOLOLOLOL...
stop it ...the Yellen effect vid almost made me laugh up a lung
im glad someone else said it. And im at work, very inconsiderate ZH. forwarded to some friends too.
Same here, co-workers thought i went off the reservation I was laughing so hard. Had to show it to them, too
inaccurate. with the yellen effect you get run over by a little yellow bus.
I'm not going to comment on the article. I truly don't care. But that video, first brings a laugh but second makes me wonder, where the hell is DAD yelling, Hey! Stop that!
If he is behind the camera perhaps someone ought to chase his ass with a full size quad runner.
I'm actually more worried about that little girl - or rather, her future boyfriends...
Don't worry, it was just the neighbor's kid.
Thanks be to g-d it's the last night of Chanukah so i can get my bluegrass station back on Sirius, fucking assholes with their latke and dreidel songs
Fiddler on the Roof is bluegrass, no?
Tradition!?
I love that "Inconceivable!" character from The Princess Bride, who also reminds us "Not to get involved in a land war in Asia". LOL. It never gets old.
And PM's get monkey hammered again. It all makes so much sense.
Mr. Yellen is that a NUGT in your pants, or are you just happy Gold is down again?
Law of Physics called it this morning
Green close
That cow better raise
What happened to the kid under the mower?
It's not a mower. That's coming in January.
he was "all in" SPY puts and miners, now he works at Home Depot
that is a children's toy, an expensive one but its for children. I think the little guy was a little shaken but was able to get up after an adult intervened.
What happened to the kid under the mower?
He became president, history is about to run over him agaiin
Don't worry, ObamaCare's got him covered!
The Baltic Dry Index is coming back down nicely, and is but ten points above its all time low of 498 at 508 today, and I really do believe, as one poster said recently, BTFD will no longer mean Buy The Fucking Dip but instead, Bet The Fucker Drops.
Looks like LNG could be next up for the spotlight at ZH.
I was thinking we'd see a BK filing for someone yesterday. Instead, the LNG CEO was ousted last night. Close.
http://fuelfix.com/blog/2015/12/14/investors-icahn-react-to-chenieres-ce...
We still may see a BK filing out of that enterprise.
http://finance.yahoo.com/q/ks?s=LNG+Key+Statistics
How's that for a credit train wreck?
Great article!!!
For those of you that follow S&P500 and others:
https://sasafuturestrading.wordpress.com/
Q1: Won't IMF's SDR come to the rescue, if TSHTF?
Q2: When will the IMF publish the updated info on its SDR currency basket, showing China's share. BTW, when you analyse that Basket and adjust for the GDP of the currencies used, you realize that the USD and especially the GBP are overweighted to levels of "Irrational Exhuberance".
Q1: the IMF XDR is just a unit of account, and doesn't ride in to "rescue" anything, shit hitting fans or otherwise...
Q2: China's share will be 10.92% and it doesn't go into effect until Oct 1 2016...
want to hear the punchline? the XDR exists to supplement shortfalls of preferred FX reserve assets, which is still going to be KING DOLLAR... lol
This market today looks like it's in its dying throes...
completely insane!
This is what we said on Friday: Everything goes south on Monday. Then ramp job off the retest of Aug 24 lows in the afternoon. Santa Clause rally Tuesday - Friday. January we head south again.
We all knew this was going to happen, but, did any of us do anything about it? I know I didn't.
Shit, piss, fuck, cunt, cocksucker, motherfucker,and tits.
I know about rabbits and the one they keep pulling out is almost dead. Time to get a younger rabbit, a new hat, a whole new set of clothes, a new Pres, and a new country. III
To say the PMs performed poorly today is a big fucking understatement.
Looking at my AU and thinking, "For the Long Haul".
Looking at my AG and thinking, "You fucking Idiot".
It's the usual Fed/bank buying when they decided the market dropped enough.
What else do you expect with rigged markets.
Knock your shoes together and chant "It's a recovery, it's a recover, it's a recovery" over and over.
Eventually you believe it.
If you thought silver was a good buy at $25, you're really gonna like it at $10.
Female driver, no survivor...
It would make a great training video for female Saudi Arabian drivers.
Here's a caption: "When you see a male pedestrian, point the nose of the car toward him and accelerate. Don't forget to yell "Alluha Akbar" as you approach."
Remove Kebab!
Why crush PM prices *today*? Why not wait until the big Fed rate hike announcement Wednesday? Is it just to soften PMs up to make a *really* hard smash-down even easier on Wednesday and beyond?
They want to buy it all, cheap: a) to cover thier shorts; b) to ride it up. Mines too.
You folks weren't expecting anything different were you?
FTSE is 1.87% above August lows btw.
A whole bunch of charts and "causes" for price movements. Common denominator? None of them measured the underlying value of the subject "assets". It is all financial games by unseen hands.
On a day when European stocks behave sensibly and the good old US of A (equities) climbs the beanstalk.
Independence Day: Resurgence | Official Trailer [HD] | 20th Century FOXhttps://www.youtube.com/watch?v=LbduDRH2m2M
Excerpt: '...as the day when the world declared in one voice we will not go quietly into the night. We will not vanish without a fight (rhymes see!). We're going to live on, we're going to survive, this day we celebrate our *shorts out*' [continued economic slavery!]
I see what you did there.....
Little girl running little boy is some hilarious shit. Couldn't stop laughing,
A metaphor for the little guy getting run over when things go south.
You know damn well, that it almost impossible to get a bunch of drunks to go home, when the free spiked punch is still flowing.....
I don`t think Janet Yellon has the cahoonas to make a last call for alcohol.....Her and Bernanke are responsible for more IUI`s (Investing Under the Influence) than the local drunk tank can handle.....