"Markets In Turmoil" As Europe Opens
With Chinese trading halted mere minutes into its day-session on the back "insane" moves as one Asian manager exclaimed, the rest of the world's markets have borne the brunt of hedging, unwind, selling pressure.
Happy "Chinese" New Year...
Dow Futures are down 300 points from After-Hours highs...

Crude has crashed back to a $32 handle...
The dollar is weaker as JPY and EUR surge...
And Gold has jumped back above $1100...
Time for some jawboning Mr. Draghi.. and what about you Kuroda-san? Get back to work!! Unless the rest of the world is 'ganging up' on The Fed, pressuring the US stock market until Yellen folds and unleashes QE4?
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ES is getting hammered! I love it!
Let's clean the scum off the balance sheets?
Someone mentioned the 300:1 gold margin ratios earlier.
I mentioned " short covering".
"Clean the scum of the balance sheets"
- Sounds like a plan, my man!
WTI to the teens.
Buy Physical things that aid in independence from this flailing beast.
To be dependent on them is insanity!
Fuck You FISCHER,GREENSPAN, BERNANKE, YELLEN FUCKS!
RIPS
it's just a flesh wound..........
Who gives a shit? Its all paper tigers and inflatable tanks.
There is nothing more gratifying and beautiful than TRUTH! Our brains are wired for it.
Mike and Preston should be on ..
http://freedomslips.com/studiob.htm
Tomorrow (well, later today) Thursday, 1/7/2015 6PM (EST) ..
To ..
GLOAT!
wti is in the teens if you factor inflation...
"Clean the (s)cum of the (balance) sheets"
Re the gold (hey you edited your post :P) :
That ratio was EXACTLY the first thing I thought of this morning.
OK, now things are getting interesting. Looks like Gartman wasn't that wrong after all.
That's probably the scariest thing I've read all day.
Gartman was right.
Gartman was right.
Gartman was right?
No. I just can't wrap my head around it.
That's the problem with Gartman. Every now and then he makes contact with the ball. That's why I say "he's no Tom Stolper". Stolper's batting average was literal zero. Grartman is slightly above zero. And that one time all season he hits the ball, it'll be at the worst possible time.
broken clocks, blind squirrels, and gartman
You dont have to... Someone will intervene before the US open.... They have lied to long and stole too much to let it all come down this fast.... keep your stops tight.....
'...and the Gart man shall be right' is mentioned in Revelations I believe...
My thoughts exactly. The day Gartman turns out to be right will be the day the market crashes.
Fuckit! I'm buying 4 55 gal barrels of red diesel. This shit is getting serious.
Those Saudis... A little upset over their de-capitations?
Looking at the charts... I think we see another leg down in London.
I'm finally ready to short AMZN.
"I'm finally ready to short AMZN."
LOL. No.
Welcome to the slaughter house...don't get any on you...
Hurry, before the safe havens get sold out.
Got my popcorn and wondering if it's too early to start drinking. Days like these are the only ones I can stomach bloomberg and cnbs
Not sure where you are but it's noon somewhere...
Where's that hag Yellen when we need her most? I suspect that they are putting on her make-up (bondo) now, gussying her up, ready for a Humprey Hawkins sit-down with Congresss to explain how great the U.S. E-con-omy is, and how rates need to stay "lower for longer".
Bondo .... Good one !
2008 flashbacks, anyone?
Let it crash.
If you don't then you just use more and more good value to support bad debt. This good value then turns into bad debt, the malinvestment.
To continue down the path eventually removes all growth when the level of debt exceeds the good value. Then you are left with only 2 options bust or stagnation just like Japan.
Will the central bankers figure this out or as I suspect they are so scared of the unwind they can only put us in stagnation.
You don't have the Japan option. Japan could do it cause US continued to buy its stuff. But there's no one to support US.
It's going down alright.
Like the Titanic.
The QE4!
+10
Dude theyve been doin this since 1980 do you honestly think they will 'let' it crash? I mean I am all for it because it's pretty obvious to anyone with any economic sense that debt doesn't work but they will not go down without a fight... QE4 will happen, shit Qe5 and 6 will probably happen before the serious market crash and the end of the USD. Careful what you wish for. I hope you are ready
Let it crash? How about, make it crash. They have a plan. Will not change their lives one bit......unless I get their location. Don't be naive. Since 1980? Game is old and coming to a close.
Agreed. We need to "break on through to the other side" post haste.
Le jeu s'en fait.
carnage!
Yummy. Sweet, sweet carnage.
You guys think we'll have some volatility, or are we headed straight into the abyss?
Thar be volitility ahead! Even for a short stint I'd say at least 6 months of it followed by another 6 to 9 in freefall. How much depends on the level of extremes the Fed will go to to try and juice the markets. They can't just turn round and lower rates in Jan meeting, so they'll say they were taken by surpise and blame it all on China. That way they can lower rates in March in a sorry attempt to save face. Of course if the cajoling and rhetoric doesn't pacify markets by the end of Feb they may just call an emercency one to lower sooner. Then it's on to QE (by some other name like 'Operation Natl Hubris'), neg rates and helicopter money drop throughout '16 & '17. While the Fed won't be able to suspend the recession (again) it can certainly screw over the country by dragging it out for several more years; only to have it coincide alongside a serious dollar devaluation headed our way.
Sounds like more of the status quo.
just a scratch. ha, saw 16666 and thought 10000 to go.
10 fucking tousand phoney ass points created by phoney ass printed money now worth much less. and those 10,000 points propped up by new accounting standards and buybacks- fucken first class ponzi ass scam. fuck the markets...(and maybe a fuck you too_ha).
Well put. My WAG is they will leave the 0.5% rate alone for now to save face and just launch a QE4-lite in March/April. To be "more accomodative in light of recent market developments."
couple of scenarios.
1) this so far minor correction is engineered to stick it in Chinas ass. In which case I think we have another 10-15% down on the US markets and another 30-40 percent on theirs, a brief air pocket and then normalcy.
2) Central Banks intervene today, before this gets ugly (my bet). Whipsawback to S&P 2100
3) A big Hedgie blows up or a Commodity house (glencore) goes belly up.... Contagion spreads like 2008... Straight to the Abyss.
the only thing I have been making money off is trading the dips on one debtless company with good revenues. volatility good for profit. Im all out of the market right now, since last week.
Laissez les bons temps rouler! (bitchez...)
Markets In Turmoil = Increasing Possibility Of M-E blowup
"The dollar is weaker as JPY and EUR surge..." [from the article]
This is silly. The dollar's drop was about half a percent. On a one-year chart it's barely a blip. Are there really that many big-money day-traders reading ZH?
Iran's just accused the Saudis of hitting their embassy in Yemen.