Citigroup Says "It's Too Early To Panic"; Here's Why
Panic. That is, according to some of the best strategists on Wall Street, the most concise summary of trader sentiment today following a near history rout in the market on the first day of trading of 2016.
But don't worry: according to Citi's Brent Donnelly, "It is too early to panic."
Here's why:
First is a link from Bloomberg on how the first day of the year does not predict the rest of year.
The chart is mine and shows the 14 times we saw a >1% drop on Day 1 of the year, then what happened on Day 2. Mostly rallies
And while we are confident that Citi will promptly advise when the right time to panic finally arrives, there is another popular saying: "he who panics first, panics best."
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China has it ALL under control folks.
http://hedgeaccordingly.com/2016/01/china-seeks-to-sustain-yuan-stabilit...
1933.....2001.... lol
THere is no reason to panic because PPT. That is the only reason.
It is NEVER too early to Panic.
[When the music stops; only those dancing nearest the door will make it out alive...]
You beat me to it.
Better to panic too early than too late.
Don't worry, you can count on Citigroup to tell you when the right time to panic is, when it comes.
How does some silly, look this works, chart have anything to do with panic?
Don't panic - this ship is unsinkable , plus there are enough lifeboats to go around - honest guv '.
The TICK and TRIN do not lie. No panic in today's markets; the sheeple were a sleepin'. Give it a day or so. If China craps the bed all week, brokers will be getting their unwanted "we're going to assrape your 1st quarter" phone call from panic stricken old farts wanting to go 100% into less than 1% yielding 2 year UST.
All eyes on China when markets open in the next few hours. Who is going to win this one...government vs non government investors??
No government can supress market forces indefinitely.
So a red day tomorrow would scare the shit out of a lot of dolls :)
Of course. Because past performance is an indicator of future performance. snort.
unaudited, omnificant printing Fed criminals, not to worry!
Wait until the air hostess announces there is no more coffee...
This from a bank that stock is down 90% from its all time high.
He who panics first panics best.
Are people actually in this thing? I thought the market was just pretend.
Might be a flight to perceived safety..i.e US markets. Who the fuck knows anymore.
People will almost never panic at the right time. Now is it better to panic too early, or too late?
The right time to panic is "never".
"Friends, countrymen, fellow sharpers, your 401k's are just fine. There's no reason for all this angst. We've kept your money safe for over a year with only minimal losses haven't we? So-Do-Not-Panic! - The Management
"It's too early to panic. Trust us, we'll be out before you dumb fucks and we're not out yet."
Actually it's too late to panic. Just be calm and tally up your losses.
PPT or BTFD? Notice how the Dow and S&P rallied to -1.5n% handle in the final 30 minutes (on no news) when major global indices were in the -2.nn% range starting with the Asian carnage.
We have money (saved economic energy) because a computer screen tells us we do.....Fuck that. I don't trust the computer screen and would like my economic energy to be represented by gold, because my energy is precious and not to be trusted to banks that have been proven to be fraudulent over and over again.
Meaningless.
Why would anyone, let alone a "professional" advisor, waste their time or breath analyzing or opining the correlation of a single day to the performance of an entire year? Yet Bloomberg replayed this tape throughout the day in trying to bring calm.
It's worse now. There's no psychological impact on algos and HFT, which account for 90% of trading activity
No need to panic. Kevin Henry got back from his vacation at precisely 3:40 EST today...
Did u expect them NOT TO DEFEND the line??? Thats a U problem.... trade the trend
Panic? Why? It is clear by the last 20 minutes of trading that the fed et al will not allow a market crash and trash. Am beginning to think the best bet is to roll the dice again and go all in. So, right now am 80% cash waiting for about a 10% dip,but after waiting all of 2015, it may be time to move.
When Citi's Brent Donnelly says "It is too early to panic," he is referring to the equivocality of the First Day Effect on the January Effect.
Which means that Wall Street's biggest crooks are still flying home from Patagonia and New Zealand and, to paraphrase John Paul Jones, "have not yet begun to manipulate."
Uhhh, I actually panicked about two months ago, so I could beat the rush...
the first thing I do when reading,or hearing advise from a TBTF, and TBTJ, is get a second opinion from my 1yr. old grand daughter.
LMAO!.......Well, maybe we can follow the Ben Bernanke playbook........
And say its too late to panic...........Your train left the station without you....