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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I have been wondering for the last 7 years...
Maybe the damage control team?
3-15-1933
Largest percentage drop in history.
15.34% now THAT'S a bloodbath, this is a mere flesh wound.
Quick, find Cramer. He'll know what to do!!
My US Treasuries are UP
AND
I collect interest :-))
OMG OMG OMG OMG OMG OMG OMG !!!!!
So how fast will the Chinese markets plunge when their trading opens?
Tim, Larry, Hank, Bernank, get your capes out of the closet! Time for the plunge protection team redux.
Is this the much talked about 'price discovery'?
Got to paint candles that dance around the fib zones to give an illusion of believability.
The Federal Reserve's balance sheet supposed to be released at 4:30 p.m. today. I'm interested to see if there was an uptick in mortgage backed security purchaes
Remember 4:30 p.m. today keep an eye in the Federal Reserve's balance sheet. We know it's not really audited but they may show a continuation of quantitative easing.
make it easy lester, put up the link. My hypothesis is that the fed has already gone rouge. When that is legitamately recognized we get WWIII.
Rouge?
"Rouge?"
OK, maybe he meant rogue, but I like the allusion toward red, as "the Fed is in the Red", a story by Doctor Moot.
Does anyone remember Gartman's prediction from yesterday? If anyone did the opposite of Gartman, then they got shlonged. I am not a big fan of his, but thinking he is "always wrong" is just not correct.
Not always wrong, admittedly. But, more often than not you can make money trading against him. And, I'm still not sure he isn't wrong. One day does not make him right. Let's check back after Monday and see where things sit relative to his prediction yesterday.
Considering the 'carnage', gold should be up more, right?
ABSO-FUCKING-LUTELY it should have been up more! And silver even more so.
We should've seen $20+ silver today. This shit is rediculous!
As Al Sharpton says: "Retrace We Much!"
Insurers getting New Year monkeyhammered
http://www.bloomberg.com/news/articles/2016-01-07/metlife-plunges-12-in-year-s-first-week-pressuring-ceo-chart
I just confered with some of my medic buddies from the ARMY. We don't think these fuckers understand the meaning of the word "bloodbath". Cleaning up after such things changes a person forever. Be very careful what you wish for motherfuckers.
How about suicided bankers. How about jump you mother fuckers. How's that for a blood bath.
A good start, but you know this would be middlemanagement.
All my respect, for those that witness acute trauma, and are able to march on.
I believe years of browsing internet shock sites have inoculated me against being distrubed by such things in real life. If I'm very unlucky, I may get to find out.
Watching it is not the same as actually having to deal with it. When you are done watching you click the little 'x' and it goes away. In real life, there is to close command.
Splat...from the 70th floor
Still a thousand points above late August of 2015.
that appears to be about 3-4 more days away......
Pump monkeys blew their total allotment Hey- they can't be the only buyers. Any volunteers to be the greater fool?
With all this 'doom talk' are we more now inclined to have a 'rip your face off' rally on Friday?
i have a number in mind but it sure the fuck isn't 1943.09.
This is fun
...........> 29 Minutes
...........< 29 Minutes
How long will China be open for tomorrow?
https://www.youtube.com/watch?v=nqAvFx3NxUM
International PPT alliance in strategy session as we speak.
Dont worry the war will fix EVERYTHING!
I realize there was a 1-for-4 split last year, but still, seeing 3X leveraged TZA close above TNA in price for the first time in memory can't help but put a smile on all Russell traders hurt over the years by incessant Fed-fueled bullish ramping by IWM ninja algos. If you held TZA today, open a bottle of the 'good stuff' tonight (or Yellow Tail, if that's all you've got ...)
"Still calmer than you, Dude."
They are going to show a million new jobs tomorrow.....just to help stop the crash..but what is going to be fun is China tonight.....its a big move either way....but I bet a 10% move up or down...weeeeeee......I just bought a case of popcorn...
15% up. Or they start shooting.
Interesting test tonight to see if China RE-implements the trading halts that they said they aren't doing anymore.
"A-a-a-a-a-and it's gone. It's all gone."
I love the "and 46 billion dollars of wealth was wiped offf the value of shares today" statements you see on the news. It's like they think it's real money or something.
The PBoC wants a major devaluation, they are having their own "tanks in the streets" hissy fit. that's the only real connnection behind the current "market" valuations...
I was watching the 3:30 ramp today, and it held up and until the last few minutes of trading. Been doing that more recently as of late.
Trade accordingly!
what happened for the 330 ramp? it was325 and i was all glued in front of the computer when this naked lady came dancing in front of me and i got distracted!!!
nevermind im sure there will be a chance for me to get long the dow tomorow before the weekend!!!
Strange: China lifts circuit-braker rule and in the US.....the PPT or propupthecasinoteam was nowhere to be seen. Coordinated ??? Who's behind all this ? In my humble opinion....it's not just falling trough the floor.......it will even fall down the basement from now on, with some minor spasms at some days.
Had foreign exchange visitors from R.O.K. in the office today, just looking around. $SPX came up in casual conversation, Dow and PPT, too.
Ms. Kim: "Mr. Lost, do you think American markets can be propped up in this fashion indefinitely?"
Me: "It appears to me that they have reached the end of their collective fiat rope, and are now losing control."
Ms. Kim: < silence >
Our Canadian market had nothing to do with global bankruptcy, our Junior team lost to Finland at the WJHC, so it's normal market behaviour in that situation.
Crash the market 75% PLEASE!!!! I want to see common sheeple morons and banksters alike jumping from windows! I'm praying for it! Tear down the ZOG machine!
Send gold to DA MOON!
Let the long awaited fireworks begin post haste!
GOLD BITCHEZ!