Dow Swings 1000 Points In 24 Hours As Crude Carnage Continues
1000 points of Dow swings, VIX manipulations, and desperate talking heads, and still red...
On the day, Nasdaq was red, S&P unch, Small Caps green...
As China's inability to maintain stability started things off in the overnight session...
For some context of the chaos, The Dow covered at least 1000 points in the last 24 hours...
FANTAsy stocks flailed...
AAPL was unhappy at Japanese news...
Gunmakers love Obama...
Energy stocks surged (notably after the news of an Aramco bus on fire) but crude did not...
And we note also that XIV (Inverse VIX ETF) was smashed higher at the same time... Someone wanted stocks higher in the face of potential problems...
While stocks oscillated wildly, Treasury yields also swung around from -3bps to +3bps ending with the long-end underperforming...
The USDollar Index rose once again hitting one-month highs... (though we note that Asian FX was unch against the Dollar on the day)
As The Loonie hit a new 12 year low...
Gold and Silver rallied furthger, despite the dollar gains, copper was flat but crude crumbled...
Crude pushed notably lower, back below $36 to 2-week lows...
Charts: Bloomberg
Bonus Chart: Something to consider...
There is a bolded Bradley turn date tomorrow. pic.twitter.com/mHQzTnMUYm
— Helene Meisler (@hmeisler) January 5, 2016
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ANOTHER DAY OF COMPLETE FUCKING BULLSHIT...
LETS SEE...HOW MANY TIMES CAN THE DOW AND S&PISS BE MIRACULOUSLY SAVED BY THE SAME V-SHAPED ERASURE OF ALL LOSSES????
WALMART....check.
VERIZON?????? check.
DUPONT????? check.
FUCKING NIKE???? check...
KISS MY MOTHER FUCKING ASS....
is that enough caps for u mother fuckers who like being smart asses?
good.
I like the CAPS and the rant KS. These "markets" are FUCKING bullshit!
"We had to burn the market to save the market."
It's never a bad time to lube your guns and restack your stacks.
KS - GOT THE CAPS DEAD ON, BUT NOT ENOUGH FUCK.
More colorful, long winded descriptive phrasing helps as well.
It also has a calming effect on your own personal space.
For example :
" Those Snot slinging fall down drunk rainbow skittle shitting unicorn child molesting rama lama ding dong Klingon cocksuckers from Uranus hard at work ramming financial cock up the muppets so hard they all look like fucking finger puppets ! May they all die in a fire caused by ramming barbed wire covered baseball bats covered in flaming napalm up their asses while they are being frog marched into the business end of an airport snow blower running at top speed. "
I hope this helps you with your next colorful description of Wall Street Piracy.
That was epic! My beer came out my nose when I read that.
Sad thing is E-Trade Baby is actually smarter than the present Administration.
PPT should wait till Mercury leaves retrograde..or something
They can't keep it up forever. I heard on a Viagra ad that for an erection that lasts more than four hours one should consult a doctor.
That or call your friends and brag about it.
The 4 hour erection isn't a side effect its a marketing ploy.
Or a sign of how little blood is flowing to the brain of those seeking a prescription.
Sounds more like a scheduling conflict to me.
How much did that 9 points cost us?
Couldn't even keep double digits
I want my money back!!
Don't worry it won't cost much.
The US is claiming $48 billion from VW for its bad behaviour.
Or else, this is just a big economic threat to Germany to make it more compliant and to keep the gold which is still in US hands.
Then again it might be the straw that breakes the camel's back and sends Germany to Russian arms.
In the meantime the pribting machine does its work.
tic toc western MoneyChanger scum and US debt coupon dollar...the west doesnt want to participate cause they aint got no more Gold and there is going to be a reset that London and NY in spite of the phony paper prices they've be fraudulently forcing on holders or physical REAL MONEY....
"he who has the Gold makes the rules....." DEATH TO THE MONEYCHANGERS.
"China has warned foreign banks it could curb their operations in the world's biggest bullion market if they refuse to participate in the planned launch of a yuan-denominated benchmark price for the metal, sources said. The world's top producer and consumer of gold has been pushing to be a price-setter for bullion as part of a broader drive to boost its influence on global markets.
Derived from a contract to be traded on the state-run Shanghai Gold Exchange, the Chinese benchmark is set to launch in April, potentially denting the relevance of the current global standard, the U.S. dollar-denominated London price.
China needs the support of foreign banks, especially those who import gold into the mainland, but they could be wary given the global scrutiny on benchmarks following the manipulation of Libor rates in the foreign exchange market. Banks with import licenses will face "some action" if they do not participate in the benchmark, said a source who did not want to be named as he was not authorized to speak to media.
"Maybe China won't cancel the license but we won't give them the import quota or will reduce the amount under the quota," the source said. Banks with licenses must apply to regulators for annual import quotas.
Australia and New Zealand Banking Group, HSBC and Standard Chartered are the foreign banks with import licenses. Another 12 Chinese banks can also import. HSBC declined to comment, while ANZ and StanChart did not respond to calls and emails. Banks had been told China would take "some measures" if they did not participate in the fix, a banking source said.
"They passed on the impression that 'maybe your quota will be limited or you cannot be a market maker for swaps or forwards'," he said. In a trial run for the fix in April 2015, some foreign banks participated along with many major Chinese banks. Traders at those banks said earlier that while they were interested in the benchmarking process, their legal and compliance teams may be reluctant."
http://www.reuters.com/article/us-china-gold-idUSKBN0UJ0J520160105
You bet that algos are ready for arbitrages. Yet another asset class (paper gold) that has the potential to go ballastic when it gets linked with the currency prices that CBs target.Inevitably, the CBs will play as this is not bitcoin that they can ignore. Yet more pricing power passed on to global traders that makes the party merrier. Looks like the liquidity in this space cannot be crimped by the global CBs. Liquidity that is crucial to plays will have to be sucked out from other paper asset classes. Be forewarned that we are talking about paper gold and not the real thing.
Dont get too upset they can manipulate futures and markets back into the green regardless of oil,nuclear conflagration and even probably fire and brimstone it'll still be respectable with QE4 with the rest of the economy a smouldering wreck.
Exactly. Even if hydrogen bombs start dropping on capital cities, algos will still continue to pump qe. The "market" IS the number one factor of national security.
Less humans=Bullish.
Algo thought:
IF NuclearWar == true THEN buy-more
ELSE buy-less
I thought these were now called FED Trust Funds and not stawk markets. Where you Trust the FED will continue to ramp them green since they probably have a lot moar' money invested then all of JPM, Citi, Deustch and Goldmans clients combined. No way for them back out now so they're doubling down.
Updated situation report for 2016:
http://imgur.com/Bz6i3gh
Fed has been talking down the markets now for the last couple of weeks so they will step back as long as their is no panic selling....this will naturally drive HY bonds yields higher, and frackers lower, oil lower, and the US dollar higher....EM markets are getting hammered some cap. flows go the US for now....but wait - as the market get sucked down the Fed will then have the cover to announce a reversal in late Feb/march to hold on any rate increase and then continue to provide more back door QE/God's works ie Belgium bond buying as the Chinese use the cover of currency devaluations to sell more and more US treasuries.....but wait their currency is lower - sure but vast majority have their savings locked up in gold.....
More and more interest and demand is coming from EM countries and the West like Canada and surprising the US for gold..they know that they can hide in gold and not be worried when the FED screws over the US dollar.....which is guaranteed.
None of those squiggly lines matter! It's the feels baby, the feels!
Janet Yellen has taken bath salts again. Her illusionary world looks more delightful as she drools from both sides of her mouth.
"We are on the way back and I like that boxer Rocky Balboa who shows we're growing stronger again...". Ronald Reagan.
Well, Ronnie, how strong is the house that you and yours built?
If only he could be around to see it and say...
"Energy stocks surged (notably after the news of an Aramco bus on fire)"
"Aramco bus on fire". "Surging energy stocks"...... LMAO.
How can you not love this site.
A lot depends on how it caught fire - a fuel leak or rocket propelled grenade or an IED might mean different things.
Still, when you see energy stocks surge even with oil down, it often means short covering or early positioning for longs.
"China's inability to maintain stability"
always blaming it on someone else, China, Russia, India...
offshoring jobs, bloated military budgets, wars, Wall Street criminality, that's your cause for instability
I called the BLS, and they said it was the weather.
With Lloyd and Jamie at the helm of this FED Oppo and the Pings from the HFT Towers travelling directly into their Whale like staffed Offices there's absolutely nothing to see here.
Jan
50% of US GDP is WAR related - NO WAR - NO US - It's a no brainer !
And who said republicans weren't good for the economy......
Richard Russell of Dow Theory Letters, may he rest in Peace, taught us about the theory of Big Numbers.
S&P 2000 DOW 17,000, NAX 5,000
One down: two to go....
Yes, RIP, a great American.
Fewer countries are buying OR can afford to buy US weapons - Forcing NATO countries to spend 2% of GDP on weapons to LUBE the MIC is a last desperate attempt to keep the US economy alive - Dumping migrants (inspired by SOROS) on European countries is the DEATH knell for Europe - The FAT lady is about to sing !
Grandpa tell me about Great Depression II. Well Johnny it was a time when the stock market tripled and the number of billionaires quadrupled. Satan reigned supreme over the USA while God and righteousness was tossed to the curb. Well how did it end? We burned the Evil Witches at the Fed and the Wall Street Warlocks were lined up against a wall and shot. I love happy endings grandpa…
Or try this story:
A star settled over Bethlehem and there were tidings of great joy. Three WiseMen from the West and three WiseMen from the East followed that star and found an infant in a manger. The WiseMen from the West brought a chest full of FRNs, application forms for subsidized housing and free healthcare, and sub-prime loan forms for upgrading from a donkey to a horse drawn wagon. The WiseMen from the West were immediately struck down by lightning bolts - which is why today you only hear of the WiseMen from the East.
Nobody is trading.
Central command has no choice but to allow a crash, either controlled and just cold.
World has abandoned the system. It won't come back unless a crash is allowed
How does one reduce the national debt, at the same purge ~5 QUAD in toxic derivatives?
I'm not sure myself ..
However, my understanding is that this is well in progress ..
http://eagleonetowanta.com/?p=297
Next, how do you neuter the PPT?
A: You confiscate their funding. You do that via seizing their Title 18, Section 6 corporations. (EO 12333) Liquidate them and put all proceeds into the U.S. Treasury. Again, not sure how this is being done. Just that, this is in progress.
Similar to Russia (RF) deploying their S400/S500s into a region. All others have no choice but to stand down their aircraft, or face with +90% certainty they will be shot down ..
"The extremely high volatility of the stock market is a typical feature of hyperinflating economies." Marc Faber - Reflation 2003
induced volatility, especially profitable for insiders at the expese of the cattle
Lets all start shedding Tears like the Queer in chief did today. Were all so touched its beyond words. Disgusting.
"Crude Carnage" ... somewhat of an exaggeration. The prev low was 40, which was set months ago. After a lot of hemming and hawing, sellers managed to force the bid under 40. They get credit for that. There isn't a single 'fundamental' that is supportive of high oil prices, so they got a little help forcing the $40 trap door open. So, the prices are a whopping $4 below $40, and that is after 21 sessions. I am not sure that is 'carnage'. With no real likelihood of a substantail drain in money supply, I wonder how oil can sit here with MS 4x greater *today* than it was back in 2009. I suppose the 2016 low will break the 2015 low, and that gives us, what, $34? $32? it is highly unlikely 2016 will close down, as there just isn't much room left on the chart to go lower. But there is a lot of room to explode higher. I sure would hate to be short and get 'swiss franc'ed' down here, where your 'stops', carefully placed 'nearby' dont get filled until there is a market (in oil terms), oh, i dunno, $10, $20 higher.
My thoughts exactly. "Carnage" is quite the exaggeration. WTI was down .62 cents and ended the day at $36.14.
More bonus, Twitter and Fitbit both hit all time lows today.
Stock Market, my ASS - it's a pinball machine on angel dust and bath salts.....
oooooooooooooooh come on zerohedge !
we all now what we feel about this and most of the economic and political issues around the globe ...
are we finaly going to act one way or another or are we going to keep complaining without offering any potential solution ?!?
i mean at one point we might not agree with the way some cowboys, geeks or renagades are acting but then we should offer a comprehensive resolution of this all shit, shouldn't we ?
let's face it, what do we have to lose ? a lot of fancy fiat and maybe face some trials but hey ... we got a lot more to win !
i might be what's called a terrorist nowadays (hey CIA, come and get me bitches !) but i strongly do believe i should do something about it and that even if posting on zerohedge might have helped me at some point, it's not enought anymore.
I WANT CHANGE, I WANT LIBERTY and noone is going to give it to me unless i take it !
no clue if going political, lobbying those suckers or trying to bitch banks is the right way but a good start could be people to meet (and not discuss openly on the web !)
my thoughts ... i might be wrong
i'm even offering a name to our "society" : dribble erg (erg meaning "a lot" in dutch ... which is a language i don't fancy a lot tho but hey ... i was looking for a bilderberg anagram an the bilderberg hotel was in the netherlands !)
other possible anagrams (from internet anagram server), you're pick :
Dribble Erg
Glibber Red
Briber Geld
Ribber Geld
Bridle Berg
Bred Gerbil
Ebb Red Girl
Ebb Gild Err
Bib Geld Err
Bed Glib Err
Deb Glib Err
Gibed Brr El
Bide Brr Leg
Bide Brr Gel
Bled Big Err
Bled Brig Re
Bled Rib Erg
Bred Be Girl
Bred Glib Re
Bred Brig El
Bred Lib Erg
Bred Rib Leg
Bred Rib Gel
Bid Brr Glee
Bird Berg El
Be Brr Glide
Be Brr Gelid
Bee Brr Gild
Beg Brr Idle
Beg Brr Deli
Beg Brr Lied
Gibe Brr Led
Bilge Brr Ed
Berg Lib Red
Berg Rib Led
Bi Brr Ledge
Lib Brr Geed
Lib Brr Edge
Bed Brr Leg I
Bed Brr Gel I
Deb Brr Leg I
Deb Brr Gel I
Be Brr Geld I
Be Brr Dig El
Be Brr Id Leg
Be Brr Id Gel
Beg Brr Led I
Beg Brr Id El
Big Brr Ed El
Bi Brr Ed Leg
Bi Brr Ed Gel