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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When the price of Gold price exceeds the S&P index price ... maybe time to look at dipping the toe into high dividend stocks with good balance sheets and cash to debt ratios.
Bloodbath.
What an interesting word (metaphor) to describe what is essentially voluntary speculators' loss.
Not a fucking single real drop of blood has been spilled.
Real human blood spilt in the name of greed and capital, in murderously massive quantities is never called a bloodbath.
Orwell was right.
Thinking about going "Galt". No goddam iPhone, or any other bullshit, one well used car, small condo, total expenses under $1500 / month. Pay minimum taxes, take SS early and live off that.
Just fuck this stuff. High speed trading with fucking lazers to shave nanoseconds off the time it takes to execute a trade? Fucking ridiculous.
The whole thing needs to burn to the ground, with a more reasonable market to rise from the ashes.
OK. Enough of the rant. Only value stocks (XOM for example) will survive the next market moves. Yes, my fellow bitches, PE really does matter.
Take a look at CEF's trading at historical discounts to NAV. 2016 has presented some crazy values in this arena for those who wish to play.
That's what I'm trying to do. I don't have an iphone, have one well-used car, and I don't buy anything unless I absolutely need it. But my house is a money-pit.
I am with you, but Galt's Gulch probably has to have a golf course for it to work for me.
We should start a shipping container autonomous collective of fed up engineers! We can buy a piece of land way outside of the city limits, maybe Puerto Rico, build some infrastructure, grow food. Puerto Rico imports ALL OF THEIR FOOD!!
Think about that fact on a fucking tropical island where grass grows year round and could support gardens 365/2/7!!!!
If we band together and pool our specialties it should be fuck pretty easy and we could make a fortune supplying PR with Food.
We could soup up shipping containers to live in, also as a business, build our on fresh water & waste water treatment plants, solar power generation. Electric vehicles, fresh fruit, beautiful women then trade food products, electricity and engineering services for every thing we need.....Oh, and we will need a full time sign painter to put up no trespassing signs and post the property.
PR is bankruptcy and we should be able to get a few thousand acres of productive land for cheap.
We could do what those morons in Oregon should have done and get an awesome tan and be the envy of John Paulson.
I need 20 good engineers, across all disciplines to make this happen. I have 15 years in water treatment and as builts for a 80 mgd waste water treatment plant.
Why get a job when we can build utopia? Why fight winters when you can live summer all year round?
Well, I went galt last spring and I highly recommend it. Don't miss the boss, the commute, the douchey co-workers, or watching my life slip away in a cubicle.
Agree that large cap value is the way to invest, but I have ABSOLUTELY NOTHING in stocks, and won't until there is another major bear. At that time, you can take your pick of the survivors. I recommend ones that pay a good dividend.
I noticed an inordinate amount of comments about the condition of Mr. Yellen's genetalia on this thread. In honor of that line of thinking, I present to you what I would nominate for the Janet Yellen theme song...
http://rathergood.com/hedgehogs/
Bloodbath?...Not quite, MY MAIN MAN!...(DOW 8000), I would consider.
just scratching the surface until then
Quit making sense and adding perspective! You'll never get clicks with that attitude.
if you lost money in the market today, the President has a message for you:
https://youtu.be/VkuxFwjsdTw
What is this "unicorn" you people speak of ?
If you like your S&P at 1900 then you can keep your S&P at 1900.... oh way a minute.... YELLEN !
I was channel surfing earlier today, when by an unhappy accident I landed on CNBC.....
I swear, I wasn`t there 5 seconds, before some clown from some clownish fund called congress fund, stated with a straight face, that we should put blinders on and continue to buy stock......
I wish PT Barnum`s many offspring would learn the use of prophylactics........
We're skating on thin ice..............
global warming
DOW Up
DOW DN
What say ye? Will the Heroic efforts of the PPT keep the Happy Circus in town, or will they throw themselves off of Wall Street's High Edifices of Crony Capitalism to plunge to their horrific, sudden, not to mention sloppy and gruesome blood balloon demise on the polished marble far below? Will it be more caviar and goose liver; or steaming piles of unrecognizable body parts and ruptured organs?
I bet the Janet knows.
We are in a recovery guys Kappa
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