US Stocks Give Up "China Is Fixed" Gains
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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Is the whole 11 or 11:30 move because Europe markets close so all the purchasing activity shifts to the US?
since FDR excepted the hegemonic 'Imperialistic$ Majik`Wand$ from 'Great (no moar) Britain seventy-five years ago, it has been a 'One Man Monopoly' carry-on show, of 'Do-As-I-Do' global myrmidon 'of old yore', for the coalition of the willing too acquiesce. so sayith king George the 43rd!
but, there's a new kid on the block? the PRC and their yawning '$Yuan$... that has thrown a 'Golden Calf' in the pool of 'Spoils' that only one conquering ideology & pargmatism can indulge in?
it seems the gobe is being halved between east and west.
advantage PRC?!?
lacation, location, location...
the USSA will just meander along harvesting its peripheral organs from mr. monroe cadaver, until the host eventually atrophies?
thus its carrion, this tasting contest of yore, will feed the new vulture of 'Hegemonic Capitalism', when the east cast a defining overlord`shadow on a western-whore vaginal giant 'foreign-policy frozen in whale-sperm'` that was slain'd by its own abortive hand of hypocracy... for its myopic hubristic, arrogant and feigned (once upon a tyme?) democracy gone terribly awry?
the cause and effect of avarice and greed-- the achilles heel of all sleeping giants living on laurels of tymes past knowables without checkables at the fulcrum-counter of measuring leverage?!?
?paper v. scissors v. rock?
now the USSA is fucked, not being able to call the shots. calling interference on the yuan will not provide a winning saftey when the old goes out for the new kid in town!
After 5 years here at ZH. I finally have figured out how I will know the collapse is truly here. Tyler will make a post with charts of the market dropping and it will NOT be the low of the day.
It is almost painful today to watch the Working Group on Capital Markets, aka the PPT, and The Exchange Stabilazation Fund try to keep the Dow and the S&P positive. I think they will sell their souls today (if they had souls) to have those markets close positive for the weekend.
The jobs report claims we have added 8,000 manufacturing jobs in a country of $320 million. Woopdie doo.........
welcome
They've still got the equities green, paper gold under $1,100 and paper silver down 2.4%, under $14. If they can keep it up a couple more hours, they can go into weekend feeling in control.
DAX, CAC and NIK all down 1% are the current leaders in the new race to the bottom:
http://money.cnn.com/data/world_markets/asia/
Equities down about 0.3% and gold over $1,100 -- PPT gearbox starting to smoke.