US Stocks Give Up "China Is Fixed" Gains

Tyler Durden's picture




 

Small Caps have been red most of the day but the major US equity indices clung valiantly to hopeful "China is fixed... and what about Jobs" gains (despite the recessionary print in wholesale data). But that is all over now... The S&P 500 and Dow have now broken down and turned red for the day...

 

 

FANTAsy stocks are all red YTD too...

 

Charts: Bloomberg

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Fri, 01/08/2016 - 11:18 | 7017242 yellensNIRPles
yellensNIRPles's picture

True sentiment is showing, in spite of the fixer's best efforts.

Fri, 01/08/2016 - 11:20 | 7017248 knukles
knukles's picture

The Saga of Our Political Economy:

A teacher asked her 6th grade class how many of them were Obama fans. Not really knowing what an Obama fan is, but wanting to be liked by the teacher, all the kids raised their hands except for Little Johnny.
The teacher asked Little Johnny why he has decided to be different…again.
Little Johnny said, “because I’m not an Obama fan.”

The teacher asked, “why aren’t you a fan of Obama?”
Johnny said, “because I’m a Republican.”
The teacher asked him why he’s a Republican. Little Johnny answered, “Well, my mom’s a Republican and my dad’s a Republican, so I’m a Republican.”
Annoyed by this answer, the teacher asked, “if your mom were a moron and your dad were an idiot, what would that make you?”
With a big smile, Little Johnny replied, “that would make me an Obama fan…”

Fri, 01/08/2016 - 11:28 | 7017278 El Oregonian
El Oregonian's picture

You can slap only so much lipstick on this pig before the drunks start sobering up. Hey, in the end she really is still a pig...

Fri, 01/08/2016 - 11:28 | 7017308 pods
pods's picture

Doesn't seem to bother those high up in UK politics though.

Fri, 01/08/2016 - 12:12 | 7017547 KnuckleDragger-X
KnuckleDragger-X's picture

Shit flows downhill and the pipes above them haven't burst...yet.......

Fri, 01/08/2016 - 11:31 | 7017316 Chuckster
Chuckster's picture

Hey! I resent that.  I was thinking about "you can't fix stupid"   Maybe you can...if people are "stuck on stupid" a sharp kick to the anus can get them out of neutral.

Fri, 01/08/2016 - 11:31 | 7017318 Bay of Pigs
Bay of Pigs's picture

When pigs can fly.....we can only dream.

Fri, 01/08/2016 - 11:52 | 7017445 Janet Shalom Be...
Janet Shalom Bernanke's picture

That's why I stopped wearing lipstick.....

Fri, 01/08/2016 - 12:45 | 7017702 eyesofpelosi
eyesofpelosi's picture

So if I stop drinking all these goofy pics of Pelosi won't turn me on anymore?

Fri, 01/08/2016 - 11:35 | 7017346 nscholten
nscholten's picture

Priceless

Fri, 01/08/2016 - 11:20 | 7017253 eyesofpelosi
eyesofpelosi's picture

You can't fix stupid

-Rob White

 

You can't cure Evil

-The fuck if I know who said it

Fri, 01/08/2016 - 11:24 | 7017284 Uncle Sugar
Uncle Sugar's picture

Ron White said it too

Fri, 01/08/2016 - 12:43 | 7017691 eyesofpelosi
eyesofpelosi's picture

Then it is truly comedic scripture now.

Fri, 01/08/2016 - 11:18 | 7017243 AdolfSchicklgruber
AdolfSchicklgruber's picture

Jobs propaganda in overdrive and still no +400? Where are you Hitlery? You overestimated the power of the horseshit blower, no one is buying it anymore.

Fri, 01/08/2016 - 11:21 | 7017261 knukles
knukles's picture

Really sucks for the NWO when the Propaganda Mechanism starts failing.
Even the sheeple know something the fuck's wrong.
Are we there yet, Mommy?

Fri, 01/08/2016 - 11:36 | 7017298 Hitlery_4_Dictator
Hitlery_4_Dictator's picture

THere is no one who wants to be wrong more than I. +400

 

Once thing I was pondering today. I find it intersting that the Former criminal, I mean Dallas Fed Head came out and said people were too "lazy" and relied too much on the FED. He admidted that it should crash 20-30 percent. And that even now it's "not cheap". Did he just say, no more support?  Maybe this thing will crash.

Fri, 01/08/2016 - 11:37 | 7017359 AdolfSchicklgruber
AdolfSchicklgruber's picture

Go look at the carnage in Europe. No one is buying China's fake Kardashian ass bump.

Fri, 01/08/2016 - 11:41 | 7017379 mtndds
mtndds's picture

every day this week there has been a 3:30 pm ramp.  On some days its been small others large.  Sometimes early but always occured.

Fri, 01/08/2016 - 11:44 | 7017395 Hitlery_4_Dictator
Hitlery_4_Dictator's picture

Really, if you are going to be on ZH, please take away your retarded NFL (skull & bones) super slave avatar.  Thanks. Get out there, enjoy the real workd and stop supporting Mike Brown and Obama supporters. 

Fri, 01/08/2016 - 12:44 | 7017690 marts321
marts321's picture

But.. but.. CNBC said that the jobs number was good so I can forget about all that recession talk. It's just China having problems anyways and nobody cares about them. USA! USA!

/sarc

Fri, 01/08/2016 - 11:18 | 7017245 eyesofpelosi
eyesofpelosi's picture

Marketwatch ticker -s DJIA red and Google Finance is in the green...

 

SOmebody is just not willing to accept defeat today, lol!

Fri, 01/08/2016 - 11:22 | 7017266 knukles
knukles's picture

Different tapes have different timing.  Some report live, others with delays as long a 15 minutes.

Fri, 01/08/2016 - 12:42 | 7017685 eyesofpelosi
eyesofpelosi's picture

I noticed the delays after bouncing through about three sites. The final number prints are what I'm going to keep an eye on...funny shit...

Fri, 01/08/2016 - 11:18 | 7017246 stant
stant's picture

Fake job reports Aint what they used to be These days they just use them to club the baby bot algos and sell the parts

Fri, 01/08/2016 - 11:28 | 7017304 Bay of Pigs
Bay of Pigs's picture

Green Shoots Bitchez!

Happy Aloha Friday and may the DOOM be with you.

Fri, 01/08/2016 - 11:19 | 7017249 FreeNewEnergy
FreeNewEnergy's picture

In the mortal words of the Mogambo Guru,

"Wheee! This investing stuff is easy." 

Fri, 01/08/2016 - 11:39 | 7017365 Takeaction2
Takeaction2's picture

What happened to him...loved his articles and comments.

Fri, 01/08/2016 - 12:05 | 7017514 Bay of Pigs
Bay of Pigs's picture

I looked him up. He's still around.

http://www.mogamboguru.com/current_issue.html

Fri, 01/08/2016 - 11:23 | 7017272 buzzsaw99
buzzsaw99's picture

If it's in a word, or if it's in a book, you can't get rid of the Babadook.

Fri, 01/08/2016 - 11:40 | 7017376 Takeaction2
Takeaction2's picture

Just saw a weird movie with the BABADOOK

Fri, 01/08/2016 - 11:23 | 7017273 yogibear
yogibear's picture

China is a basket case with the massive ghost cities and debt.

Fri, 01/08/2016 - 11:45 | 7017404 youngman
youngman's picture

And their stats that come out this weekend are going to be bad....and Monday is going to be a big tank again...got gold

Fri, 01/08/2016 - 11:28 | 7017287 buzzsaw99
buzzsaw99's picture

usa "markets" used to lead. now they follow like the manipulated bitchez they are. they follow china and root for fascism. they follow europe, and cheer for fascism over there. meanwhile middle america follows argentina and brazil down the toilet. third world banana republic, that's all we are.

Fri, 01/08/2016 - 11:27 | 7017300 Hidden Front
Hidden Front's picture

And with the ZH headline, no doubt the trend will reverse.  I swear there are many times when you can clock the turnaround to about 15 minutes after a ZH headline on the subject.

Fri, 01/08/2016 - 11:32 | 7017324 yellensNIRPles
yellensNIRPles's picture

It would be interesting for someone to monitor this concept. I'd certainly like to see if you are correct.

Fri, 01/08/2016 - 11:44 | 7017398 noless
noless's picture

If you'd been contrary ZH for at least the last five years you'd probly be doing alright, as far as paper gains go.

Especially if you sold into the OWS metals ramp.

Fri, 01/08/2016 - 12:21 | 7017585 bnbdnb
bnbdnb's picture

I tracked it for a while. 9 out of 10 times it turns around.

Fri, 01/08/2016 - 12:40 | 7017668 eyesofpelosi
eyesofpelosi's picture

Lol, how about a W. Banzai post of the chart...that would be funny shit.

Fri, 01/08/2016 - 11:28 | 7017305 FreeNewEnergy
FreeNewEnergy's picture

I propose America's new motto be:

We suck, and we like it!

Fri, 01/08/2016 - 11:40 | 7017378 stant
stant's picture

With a pic of caitlyn waving the rainbow confedi-ate flag

Fri, 01/08/2016 - 11:39 | 7017367 indaknow
indaknow's picture

When the scheming scamming scoundrels can't keep this POS green you know they have lost control. Fucking assholes

Fri, 01/08/2016 - 11:44 | 7017397 Bull Bear Nice Pair
Bull Bear Nice Pair's picture

The Chinese stock market was suprisingly easy to fix. All they did was scraping the "circuit-breaker" and halting the depreciation of the Yuan. It's so easy, it really makes the guy who predicted a 6% drop yesterday a laughing stock. 

Fri, 01/08/2016 - 11:47 | 7017416 FreeNewEnergy
FreeNewEnergy's picture

Somebody at the PPT just came back from coffee break and puffed up the Dow about 35 points, so there's that.

Wait until 3:30. They'll make sure its green because, um, NFL wild card games.

Football. Yeah, that'll save us.

Fri, 01/08/2016 - 12:38 | 7017666 eyesofpelosi
eyesofpelosi's picture

Agreed, I've been watching this shit since the open and as soon as the Euromarkets closed, the green shit came back.

These fuckers are desperate and the reason for keeping this theater going is difficult to understand...just kill it you bastards.

Fri, 01/08/2016 - 11:48 | 7017417 abyssinian
abyssinian's picture

The Chinese govt. just wanted to open the market on Friday so they can prop it up again. Wouldn't surprise me they will shut it down again next week! :)

Fri, 01/08/2016 - 11:48 | 7017419 youngman
youngman's picture

all China has to do is have the Communist party leaders say that all stocks are worth $60 P/E a share.....slam the gavel down...and on to the next agenda item.....there fixed the Communist way

Fri, 01/08/2016 - 11:56 | 7017460 FreeNewEnergy
FreeNewEnergy's picture

Gartman is calling this a bear market. OK, I'll agree with him on that.

But, then he says shit like this:

"The editor and publisher of "The Gartman Letter" said he believes there could be six or seven months of downside ahead. Bear markets happen when declines exceed 20 percent or more from the most recent record highs."

Six or seven months? I'll go out on a limb and suggest that the Dow, NAZ and Spoos won't see new ATHs until well after 2020. So, after the eventual decline, which should last well into next year, stocks may begin moving up again sometime in mid-2017. Maybe. And the trip back to where we are right now, even after this correction, could take a decade. Depends - to some degree - on whether we get hillary or Trump for president and whether the American people revolt or not.

The rise of the angry old white guy has begun.

Fri, 01/08/2016 - 12:01 | 7017493 froze25
froze25's picture

There is plenty of Angry mid 30's white guys too, 40's, 50's, the 20's are still living at home and haven't had reality smack them with a cold hand in the face yet.

Fri, 01/08/2016 - 12:03 | 7017505 Son of Loki
Son of Loki's picture
Swiss central bank loses billions from currency move

 

http://news.yahoo.com/swiss-central-bank-predicts-loss-090030713.html

Fri, 01/08/2016 - 12:24 | 7017601 NEOSERF
NEOSERF's picture

Nice stick save at 11 there PPT...really this farce of a casino is growing so old...has gotten to the point where I just sit on the sidelines until you can have some semblance of thinking there might be a positive 2-4 weeks and then get in for a couple % ...works well in what looks like another flat to down decade.

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