Bloodbath

Tyler Durden's picture




 

You know it's bad when...

But, but, but... Fed... FANGs... Decoupled... Services... Netflix... Unicorns... Cramer...

 

The day started badly (as China devaluation stress crushed carry trades and sucked liquidity out of the world, slamming USDJPY, US stocks, bond yields, credit, crude, and copper lower)...no late-day rally today!

 

*CANADA STOCKS ENTER BEAR MARKET AFTER 20% DROP FROM SEPT. 2014

 

All that hope as China lifted its circuit-breaker rule and crude briefly rallied... but stocks carnaged back to overnight lows late in the day... Another bounce into the European close then SELL MORTIMER SELL into NYMEX close

 

Since the start of December, it's ugly...

 

The NASDAQ is rapidly losing its post-QE3-End gains...

 

"Policy Error" Much?

 

"No Brainer" is down 28% from its highs...*APPLE CLOSES AT $96.45; FIRST CLOSE BELOW $100 SINCE OCT. 2014

 

FANTAsy stocks tumbled deep into the red for the year (yes even NFLX!!) Facebook, Amazon, Netflix, Tesla, and Alphabet... all red...

 

Financials caught down to credit...But just keep talking up NIM and their "no brainer"-ness

 

VIX pushed above 25...

 

VIX term structure inverted...

 

Credit suggests more to come..

 

Stocks are "getting there"...

 

Catching down to breadth...

 

Away from the excitement of stocks...

Treasury yields tumbled further (some selling pressure as CNH defense suggested China selling)...

 

The USD Index tumbled back into the red for the week as JPY strength continued...

 

USDJPY closes at 11 month lows...

 

Commodities split between growth and safety as PMs rallied and crude, copper crumbled...

 

as Gold and Silver Surged...

 

Charts: Bloomberg

Bonus Chart: What did you think would happen?

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Thu, 01/07/2016 - 16:05 | 7013237 PoliceThePolice
PoliceThePolice's picture

The PPT had the same problem as I would have if I was looking at Janet Yellen nude, no matter what they did, they just couldn't get it up.

Thu, 01/07/2016 - 16:07 | 7013251 SILVERGEDDON
SILVERGEDDON's picture

" It's just a flesh wound. "

Thu, 01/07/2016 - 16:09 | 7013268 Soul Glow
Soul Glow's picture

Janet's flesh wound smells horrible.  Like rotting fish.

Thu, 01/07/2016 - 16:10 | 7013278 wee-weed up
wee-weed up's picture

 

 

"The PPT had the same problem as I would have if I was looking at Janet Yellen nude, no matter what they did, they just couldn't get it up."

Hey, let's really crash this market...Show 'em a picture of Hitlery nude!

Thu, 01/07/2016 - 16:12 | 7013301 PoliceThePolice
PoliceThePolice's picture

"Hey, let's really crash this market...Show 'em a picture of Hitlery nude!"

 

C'mon man, thats not crashing the market, thats destroying the world. That statement gave me the piss shivers!

Thu, 01/07/2016 - 16:16 | 7013332 Jtrillian
Thu, 01/07/2016 - 16:24 | 7013371 JungleCat
JungleCat's picture

The last half hour looks like a broken ramp to me.

Where is the PPT when bankstas need dem to Ramp. It. Up. A banksta's gotta bank.

Thu, 01/07/2016 - 16:27 | 7013397 Automatic Choke
Automatic Choke's picture

...the most soiled panties since Lehman!

Thu, 01/07/2016 - 16:41 | 7013498 wee-weed up
wee-weed up's picture

Hitlery Rottencrotch Clinton

Thu, 01/07/2016 - 16:51 | 7013541 KesselRunin12Parsecs
KesselRunin12Parsecs's picture

If that skank gets elected, I predict that that after 'x' number of these past years of being force fed a steady diet of hags like Merkel, Yellen, & Clinton, fucking 'Taylor Swift' will get elected as the leader of the newly formed Republic of 'Oceania'.

 

I mean, FFS... Glass ceilings are one thing, but do you all have to look like 'Andre the Giant's' twin sister?

Thu, 01/07/2016 - 16:51 | 7013566 The_Juggernaut
The_Juggernaut's picture

Quick, sell before the price goes back up!

Thu, 01/07/2016 - 17:28 | 7013789 Theosebes Goodfellow
Theosebes Goodfellow's picture

That E-Trade baby video killed it. But it's probably way too close to the truth for the trading millennials.

Tyler, don't shelve that video. I think there will be plenty more occasions to play it in the near future. The shit-show has just begun.

Thu, 01/07/2016 - 18:02 | 7013993 stormsailor
stormsailor's picture

the e-trade baby playing around with a cocked sig.

Thu, 01/07/2016 - 18:52 | 7014232 glenlloyd
glenlloyd's picture

Wtf is that behind the Markets in Turmoil text? It looks like a rabbid dog or wolf, is it supposed to be a bear?

Thu, 01/07/2016 - 20:20 | 7014626 wanderer9641
wanderer9641's picture

Just think of the joy of looking up through the glass ceiling to hitlery and janet above you. You would go through the rest of your life knowing that things would have to get better.

Thu, 01/07/2016 - 16:42 | 7013505 Squid-puppets a...
Squid-puppets a-go-go's picture

europe's bail in legislation is now in effect. thats the last of the sheep they need past the gate. The gate can now be closed.

PPT can go home.

Thu, 01/07/2016 - 16:27 | 7013401 thesonandheir
thesonandheir's picture

https://youtu.be/mzJmTCYmo9g

 

These guys have it nailed.

 

Jump you fuckers.

Thu, 01/07/2016 - 16:59 | 7013615 kamikun
kamikun's picture

Hadn't seen that before.. thanks. Too bad there wasn't more of this in the public space back in 2007.

Thu, 01/07/2016 - 19:04 | 7014280 thesonandheir
thesonandheir's picture

Glad you liked it.

Thu, 01/07/2016 - 16:17 | 7013339 froze25
froze25's picture

The Fed didn't make a policy they didn't want. They want a strong dollar for the fleecing after the carnage. Strong Dollars = more buying power. Weak Emerging market currency means cheap assets to buy up with strong dollars. Its all going according to plan here.

Thu, 01/07/2016 - 16:23 | 7013373 Dr. Spin
Dr. Spin's picture

QUICK!!!  Get the can of QE and hose it down...

Thu, 01/07/2016 - 16:35 | 7013457 CheapBastard
CheapBastard's picture

Depression and destruction of America's middle class, failed Obamacare and tearrists attacks....barry's Legacy.

Thu, 01/07/2016 - 16:43 | 7013514 Squid-puppets a...
Squid-puppets a-go-go's picture

there aint nothin barry did that wasnt firmly part of americas existing trajectory already.

Thu, 01/07/2016 - 17:12 | 7013695 snr-moment
Thu, 01/07/2016 - 17:45 | 7013876 LowerSlowerDela...
LowerSlowerDelaware_LSD's picture

Since "aint nothin" is a double negative you are saying that there is plenty that Dear Leader has done that wasn't part of America's existing trajectory.  Just say'n...

Thu, 01/07/2016 - 16:50 | 7013553 Rip van Wrinkle
Rip van Wrinkle's picture

Well, he promised you 'change'....didn't he?? Good luck with the 'hopey' bit.

Thu, 01/07/2016 - 18:01 | 7013982 SilverDOG
SilverDOG's picture

Strong dollar, cheap assets, 34% unemployment, & millions of default property

acquisitions.

Sweet.

Thu, 01/07/2016 - 20:01 | 7014538 Reichstag Fire Dept.
Reichstag Fire Dept.'s picture

Buy the whole world?  ...didn't Japan try that once? As I recall, a lot of American businessmen were trying to learn Japanese at one point.

Thu, 01/07/2016 - 16:49 | 7013551 Shleprock
Shleprock's picture

U kinky too huh???

Thu, 01/07/2016 - 17:12 | 7013700 Secret Weapon
Secret Weapon's picture

+1 for "piss shivers".

Thu, 01/07/2016 - 17:59 | 7013972 stormsailor
stormsailor's picture

worst case scenario,  a xxx lesbian porn of the two above named.

Thu, 01/07/2016 - 16:36 | 7013463 Hitlery_4_Dictator
Hitlery_4_Dictator's picture

I would imagine this going to happen soon. https://www.youtube.com/watch?v=yge311sFhC8

Thu, 01/07/2016 - 16:37 | 7013475 VegasBob
VegasBob's picture

Good Gawd! My dick and balls shriveled up so much at the thought of a nude Hitlery that I might be mistaken for a eunuch.

Thu, 01/07/2016 - 16:56 | 7013597 zeroaccountability
zeroaccountability's picture

Here's Hitlary:  WARNING!! POSSIBLE TRIGGER!

(Nasty nasty picture)

http://denver.craigslist.org/rnr/5380718985.html

Thu, 01/07/2016 - 20:48 | 7014780 TeamDepends
TeamDepends's picture

"•do NOT contact me with unsolicited offers or services"
Nope, definitely not Hillary.

Thu, 01/07/2016 - 22:27 | 7015223 Nobody For President
Nobody For President's picture

Hitllery nude?

NO. NO. NO!

Bad boy!

Bad thoght!

I don't mind a crash, but I don't want it to go to zero.

I mean, if Bill is gonna go after something as skanky as Monica, the mind boggles at how bad Hitlery has gotta be...

Thu, 01/07/2016 - 16:14 | 7013312 Bay of Pigs
Bay of Pigs's picture

Something else stinks around here too...

A federal govt and central bank that has lost its legitimacy.

Thu, 01/07/2016 - 16:31 | 7013429 Fidel Sarcastro
Fidel Sarcastro's picture

Crushed it today. Time for drinks and a Montecristo now. Can't wait for the Unenjoyment # b4 the open tomorrow. 

Thu, 01/07/2016 - 16:38 | 7013486 mandalou
mandalou's picture

You beat me to it. Payrolls will be interesting to say the least.

Thu, 01/07/2016 - 16:39 | 7013481 mandalou
mandalou's picture

Watch what stinks when payrolls are released tomorrow morning. Do they cook the numbers big time or continue controlled demo? Personally i will watch the peep show and put in my 2 cents from time to time.

Thu, 01/07/2016 - 16:12 | 7013298 Pooper Popper
Pooper Popper's picture

This isnt bad,,,,Try getting dressed in a closet with a pocket full of change......Thats bad

Thu, 01/07/2016 - 16:14 | 7013315 two hoots
two hoots's picture

A blood granny/hor bath.

Thu, 01/07/2016 - 16:20 | 7013352 Hitlery_4_Dictator
Hitlery_4_Dictator's picture

We had just reached lift off but then NK tested that H-bomb! Never mind the market collapsed on Monday as well, forget that little tid bit.  

 

+400 on Friday

Thu, 01/07/2016 - 16:24 | 7013377 Hitlery_4_Dictator
Hitlery_4_Dictator's picture

Also, I absolutely obliterated CNN money - it;s now crickets.  

 

http://money.cnn.com/2016/01/07/investing/stocks-markets-dow-china/index...

Thu, 01/07/2016 - 16:28 | 7013409 Soul Glow
Soul Glow's picture

Nobody cares.

Thu, 01/07/2016 - 17:12 | 7013694 Bunghole
Bunghole's picture

He's proud of being able to beat up on retards.

Next he'll troll the AARP website because the little old ladies make easy targets too.

Thu, 01/07/2016 - 16:25 | 7013390 Soul Glow
Soul Glow's picture

+400 everyday this week.  You have either lost your whole book by now or have so many stop losses your head hurts.  EIther way, your advice is laughable.

Thu, 01/07/2016 - 16:32 | 7013410 Hitlery_4_Dictator
Hitlery_4_Dictator's picture

LOL dude I'm being saracstic. It's a running joke now. I have had nothing in the markets for years now. It was not meant to be advice, gee I hope nobody actually saw it as that. LOL

Thu, 01/07/2016 - 16:37 | 7013476 Soul Glow
Soul Glow's picture

And here I thought you were Greg Manerino.

Thu, 01/07/2016 - 16:40 | 7013496 Hitlery_4_Dictator
Hitlery_4_Dictator's picture

So far Greg has been wrong, but his overall prediction is going to be proven correct. Market crash with eventual dollar crisis. 

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