Bloodbath
You know it's bad when...
THERE IT IS 7pm ET pic.twitter.com/ufjczF1cYY
— Ivan the K™ ? (@IvanTheK) January 7, 2016
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?
@federalreserve what did yoiu think would happen? pic.twitter.com/psI62Uszcr
— Not Jim Cramer (@Not_Jim_Cramer) January 7, 2016
(33 votes)
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He's not Steve Keen. Keen doesn't trade he just gives economic views. Same with John Williams.
Greg trades. There is a difference between traders and everyone else. Greg telling people stocks are going higher is dangerous. People may take his advice and they'll lose - and have lost - money.
Keen and WIlliams just say look out below. They don't give daily/monthly/yearly trading advice. When someone gives advice and are wrong they take it in the gut.
Greg's telling people he can make them rich.
https://www.youtube.com/watch?v=m27pXdW6Qlk
Can't argue with that.
NYT comment section:
JackIllinois 1 hour ago
"QE has been a rousing success. Most of the world's economist and financial analysts have said so. It is right-wing Voodoo economic nonsense to say that QE failed. The American economy has not only completely turned around but the rest of the world is taking a look and has decided to COPY our policies of QE, i.e. Japan and, reluctantly, Europe."
You better get over there soldier.
Wow that guy needs help. I thinks it's too late for that guy, he's too far gone.
Good, if I had any stocks to sell, I'd sell to him.
The world needs some muppets . . . to provide liquidity/counterparties for our trades.
Awesome, I hardly can wait for another Krugmaniac comment, when many of 0.1% start losing fortunes that never existed.
QE doesn't even work in a parallel universe! :D
Hitlery - good name - but you are still a troll, and it was not an H Bomb. Same old Ubomb, or maybe a fusion bomb, same old 5.1 earthquake, H bomb is way different tech.
IF you are interested in facts:
http://www.wired.com/2016/01/science-can-tell-if-north-koreas-test-was-r...
Vampire Squidnado.
my master is calling me..... years of faithful devotion.. come to fruition .... i lay my equity upon thine altar
buy the fucking depends!
"Run away, run away!"
For the record, I called this damn shit to the number a year and a half ago. #shouldabeenatrader
BKbroiler Thu, 10/09/2014 - 10:53While you two are arguing, I'm going to make a prediction. The top is Dow 1800-1850, S&P 2050-2100. Time frame is less than one year.
Get 1000 envelopes, split them in two and send out 500 letters predicting a bull market and the other 500 letters predicting a bear market. Later in the year 500 people will be saying to themselves, hummm this guy can call stocks, maybe he just got lucky... so get 500 envelopes, and split them in two, in 250 of them call a bear market and with the others call a bull market. So later in the year 250 people will be saying to themselves, humm that guy has called the market twice now.
Keep repeating until there are at least 20 people utterly convinced of your crystal balls having called the market 6 times straight. Then fleece them!
What's even crazier than the accuracy is the proposterous method I used. I printed out both charts from the 2009 bottom on, used a ruler and a pen to make a line connecting the highs, then one connecting the lows, and they met at those numbers. Real teknikel analysis. Try it out for yourself. 2 and 20 my ass.
Yep. Last year, using two monitors and Windows XP fer cris sakes, I got a 15% return specializing in two ETFs - managed 4 accounts: one for me and one for daughter and two for grandchildre (college accounts).
I think I beat about 90+ percent of the 2 and 20s assholes on Wall Street and elsewhere, but doesn't matter. I'm in it for me and my family, and it keeps my mind working and me out of trouble. (Mostly.)
Wasn't this scenario basically the plot of an Alfred Hitchcock Presents episode entitled "Mail Order Prophet" from 1957? It starred Jack Klugman.
It definitely looks that way Vegas, but I am only 34 and have not go around to Hitchcock movies yet...unless he got the idea from scammers himself.
I'm wondering if maybe this is what Gartman did back in the day. Great method - until you start going on TV where eveyone sees each flip-flopping prediction.
They stopped an out and out waterfall in last 1/2 hour. That dive in the last few minutes showed the real tone.
Saw that on the live ticker, I was so rooting for -400
They better pray for an up day on SSE overnight--and I'm not sure that will even do much. The tone has changed.
That was a mighty effort by PPT starting about 11 EST. God knows how much they thru into maw, but coulda been 600 or 800 downside without it.
Get those deer out of the bullpen and warm'em up.
Judging from the fact that DOW futures are currently -400 I'd say your right.
Maybe people holding off until EoD to sell to a 'price insensitive buyer.'
Mr. Yellen is like most women in that regard.
Yo PPT....wasup?
Dammit, I just had a good dinner, and now my stomach has soured, thanks to your abominable visualization. (Runs to the can to pray to the Porcelain God.)
Dear leaders please help us.
Please take our 401k's and pension plans and put them in a MYRA account.
Help us!
It's Gpne.....
.
My response to the PPT’s efforts today:
https://www.youtube.com/watch?v=5zgTi6NUii4
I kinda thought today's action was pretty civilized.
This is like watching the slow death of someone you used to really like but then they went batshit crazy, and used up or burned every bridge they had. Now you're wise enough to just stay away from them, but still it's kind of sad.
i was thinking the PPT had the week off....
heres mine...
https://www.youtube.com/watch?v=kyfriipc61A
Better luck tomorrow stick savers. They took it right up the ass today. When the VIX doubles from here the closes are really going to be really crazy.
Actually they defended 400 plus vigorously,400 must of been the number they decided to concede
BUT BUT BUTT .. the Nazi closed off its lows - By 1 point. Whew
When the DOW was getting thrashed (down 435 at last look) I happened to glace up at BBG TV. They had a 'breaking news' banner stating that stocks were off of their lows. I thought, 'oh shit, here comes the PPT'.
The DOW was trading down (only) 425pts.
Too funny. Their tears are tasty.
Somehow I think market bulls like Greg Manerino are getting a little shakey.
I mean, not even a 3:30 rampjob?
:)
Oh the ramp was there it was just severely overloaded with sellers. Diminishing returns and all. $50billion just don't buy what it used to.
You are confused. Greg is a huge BEAR, he thought though that Jan was going be good for stocks, that's all. He's into PM's and the dolalr collapse.
He has stated he thinks stocks are going higher all year because it is an election year - that is FAR from bearish. So far he has lost a lot of money via his trading advice. He should apologize to anyone taking his advice.
It's like Turd Ferguson. He and Andy Maguire thought they could make money by telling people how to trade and charge for their advice. They were wrong. They lost. You know what happens when a Gladiator loses?
"Hi, my name is Gregory Manerino, and I WANT TO MAKE YOU RICH!"
Just look at this schmuck.
https://www.youtube.com/watch?v=m27pXdW6Qlk
once again i will ask the eternal fucking question mother fuckers…..
EXACTLY WHO IN THE FUCK IS BUYING WALMART IN THE LAST 30 MINUTES OF TRADING TO LIFT THE DOW MAGICALLY OFF THE LOWS ON A DAY WHEN CHINA YET AGAIN HALTS TRADING AND DEVALUES ITS YUAN????
AMERIDUMBS R BROKE AS A FUCKING JOKE BUT “SOMEONE” "SOMEWHERE” THINKS THAT WALMART IS GONNA SOME HOW BE ABLE TO SELL MORE SHIT TO TAPPED OUT CONSUMERS THAT THEY DONT NEED AND CANT AFFORD SO THEREFORE “HEY LETS LOAD UP ON WALMART STAWK???
AND BY THE WAY WALMART FOR THE 4TH FUCKING DAY IN A ROW WAS THE ONLY STAWK NOT NEGATIVE FOR THE DAY???????
MISS ME WITH THAT FUCKING FRAUDULENT FUCKING MOTHER FUCKING BULLSHIT MOTHER FUCKERS…….
death to the MoneyChangers.
"Ameridumbs"
+100 for that!
People named Walton. If your family was that rich and your family business stock was tanking, you buy shares from your family at inflated prices and rescue your stock. And the money never really even left the family. Tomorrow your family will buy those stocks back from you at inflated prices again. was rinse repeat til there is no more market.
What? Next your going to say that the banks buy each others stocks?
KS, you forget this is Barry's Robust Rekovery.