Markets In Freefall: Stocks Extend Worst Ever Start To Year
Today's business media summarized...
Today's actual market summarized...
Let's start with this - The market has now reduced March rate-hike odds back to pre-December rate-hike levels (at just 35%)...
Two words - Policy... Error...
This remains the worst start to a year... ever...
Across the major US equity markets, it's a bloodbath...
*RUSSELL 2000 CAPS 22% DROP FROM JUNE RECORD, ENTERS BEAR MARKET
With the Nasdaq about to be the lasty major index to give up its post-QE3 gains...
Year to Date - it's just as ugly...
And since The Fed hiked rates...
VIX term structure inverted but we are a long way from an August-like panic-bottom...
There is at least some rationality resumiong as weak balance sheet stocks underperform strong balance sheet firms...
With selling out of the gate and only a small bounce in the last hour, equity markets carnaged...
FANGs entered a correction...
And FANTAsy stocks were smashed today...
Lots of head-scratching at how this is possible... except for anyone who pays attention to credit markets...
As HYG plunges to its lowest close since July 2009... Today was worst day in 4 weeks
US Energy credit risk is soaring back to near 2008 crisis highs...
h/t @JavierBlas2
While High yield bonds were crashing, Treasuries were aggressively bid (despite the Inbev issuance), on the verge of flash-crashing a few times after a stronmg 10Y auction...
The USDollar Index ended the day unchanged as early strength was sold - but it remains up on the week... CAD was smashed to new 12 yeasr lows
Gold ansd Silver rallied as Crude and Copper crumbled...
As stocks plunged at the US open so PMs ripped...
As if by magic, WTI's NYMEX close was adjusted very slightly higher to enable a tiny green print... but the trend was clear...
Charts: Bloomberg
Bonus Chart: Some food for thought...
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Better get Kevin Henry's ass back on the next flight from Beijing asap !
camera on a stick just got halted... lol
Gopro is going to GO puke tomorrow
I'm free, free fallin...
<--- THIS IS NOT IT
<--- THIS IS IT
gotta love those hardcore ZH'ers that upvote only because that have had their hearts broken in the past
this market is such a tease...again.
I am completely unqualified to comment and no longer have skin in the game but I think they have absolute control over the market, this is carefully measured de-frothing exercise post rate hike. Markets bottom out and rise to new highs in time for the next rate hike, rinse, repeat ...
>>>they have absolute control over the market, this is carefully measured de-frothing exercise post rate hike.
Your conjecture is a good one.
Still, this is a massive con game; sometimes the mark(s) wake up, and you just need to be sure you've taken maximum advantage before they do. And, of course, some marks never wake up at all, or at least they never admit it to themselves.
I think the con ends at some point, but we won't know till we know it.
^ This is my view. The con might be long, complex, and even obvious to those who see it. It might be annoying, frustrating to deal with and difficult to plan around if you don't want to play their game. Guessing exactly when it will end is futile as well, and some might even choose to try and make a buck or two while the con is still going...
...but it WILL end.
They simply cannot keep it going forever. Reality does not work that way. Eventually it will end, and sometimes bubbles that are too big get popped without the creator's permission. It's like the n-body problem in physics. It is incredibly complex and the variables are too many to list. Everything is connected and now we're all connected digitally so things can move much faster when the shit hits the fan.
Something may happen, a 'black swan' if you will, and it's Game Over. Except in this game, almost everyone loses.
Good luck to all.
<------ UNDECIDED
<------PREPPING
Been prepping since 09.
Indifferent. You can keep your paper and all that is written on it... i still accept, for my immediate conversion, that cotton paper with the blue and green fibers in it. Vegas, just like all you survey wherever you are, was built upon those that lost to the casino.
Speaking of, how much money had to have been paid in for the powerball thing to reach 1.5 billion payout? Or is it dollar for dollar and the casino cut is taken afterwards? I would imagine it is cut AT LEAST twice like all drugs for the masses.
About half of the revenue goes to the payout (provided they don't opt for the lump sum)
http://fortune.com/2016/01/13/where-the-money-from-the-1-5-billion-power...
And I'm free, free fallin'
It can only be divine syncroncity that it's Tom Petty and "The Heart Breakers"
ahahahaha
no this is not it
I know it's old (mentioned bernanke) but that xtranormal video had me about falling out of my chair laughing!
No State of The Union Bounce?
NO bounce...Everyone Hates Raymond...oops I mean, Obama!
The market is the easy one to control it's the bond market they are having trouble with. Going to need some more hands to keep all of these balls in the air.
Always with the Yellen jokes...
There is that damn image again! Ahhhhh. The downvote was NOT sufficient.
Would this be an ideal time to re-examine/update my prep items?
you know,the ones that have been on "stand-by" since last Aug-ish
FED lowers rates next meeting .25 basis points. = EGG on FACE.
Looks like the PPT had all hands on deck for oil since 1:30 and failed the stawks today.
Oil derivitives are obviously more scary notice Exxon the only Dow component green today
As Terminator Arnold says in the Terminator movies: "They'll be back!"
Why is it all these blowhards on CNBS look like they grind their teeth at night?
They all have " Rat Tooth File" mouth!
Yen: The CNBS assholes all have that "Rat Tooth File" mouth because they spend every night in their Gimp outfits and masks with Bad Auntie Janet whipping and riding them like SeaBiscuit.
Hilarious!
Don't forget to short NFLX. [insider trading tip] </sarc>
BTFC -- Buy the Fucking Chasm?
Don't worry, the Fed has your back. they will be behind you to give you the last shove you need to LOSE IT ALL.
Don't worry you can depend on Social Security (for two more years or untile the dollar crashes, whichever comes first).
Fed headed to the newly constructed bunker soon.
The bunker will have all the comforts of Washington home, where they can still pull the strings on this destroyed economy:
http://www.zerohedge.com/news/2015-04-25/inside-feds-cold-war-doomsday-bunker
Can't wait for the Asian markets to open later on - that should be a treat.
https://www.youtube.com/watch?v=AzsaQf-8XeE
They could be getting ready to 'PULL' it ! The Government wants everybody back in their 'Loving Arms' so they can really FUCK you over !!!
Anything you want
It's in my arms
Anything you need
It's in my arms
Anything you want
In my loving arms
Danzig - Anything
Looks like chickens and cabbage are going to become a median of exchange in the near future. I keep looking out my penthouse window in Montreal at the banks nearby to see if we have any early takers for the International banker high diving team.
Its a fucking shitshow. Same as it always was
"Two words - Policy... Error..."
If you're referring to the Fed's long term policy that's correct.
If you're referring to the Fed's recent raising of rates, the two words are correct... policy...
The gas should have been taken out of this insane bubble LONG before now. I wish they'd immediately raise the rate to where it should have been over the past seven years, the 5.5% historical average. Better yet, let the marekts decide and, this time, let the bastards who should have gone bankrupt last time go bankrupt.
Yeah, not a snowball's chance of any of that happeneing, but I can dream.
The Detroit Autoshow is going on right now.
A highlight of the show is the Chinese made Buick.
I love the " pukefest". We need some Jimmy Cramer garden gnomes.
The blowhorn would pimp condoms during an apocalypse...
Now Gartman chases the short.
Dummies like me saw the repeated failures already at 1969/1970ish and the multiple moves above 1930ish without any volume literally "floating" above that level as the usual bait laid out to try and catch more people heading the opposite way of the direction already decided in the overall trend.
Weekly close below 1896 and my intermedioate target of 1620ish highly likely in play within a couple weeks. Watch for a jawbonegasmfest to try and open it above 1896 and keep it between there and 1940 to finish the week.
Cmon you all, you know what could turn this around on a dime (wink wink)...a few well placed Quality Enquiries into future Fed policy moves.
I'm no economist - could this have anything to do with the market's downturn ?
https://research.stlouisfed.org/fred2/series/WSBASE
Margin calls...
Endless: that actually the St Louis Police Department Rape, Arson, Rioting, and Looting index....
It would give me great pleasure to see Mark "More H-1B Visas, Please" Zuckerberg take it on the chin if Facebook stock sinks.
Unfortunately he'll still be rich as hell even if FB goes to 0. He's had plenty of time to cash out hard & diversify.
But 'Obama the Gay' said only yesterday that the US economy was in great shape ! The lying FUCKING C..T !!
Closing bell rings--spits chiclets all over the floor.
Perchance, these good gentlemen may partake in a more civilized form of valuable employment? Perhaps something that may benefit their fellow man, as such a trade of actual necessity? Rather than live like a cunting Leech on the backs of those that provide everything? Struggling to get some rest boys?
I only smoke weed when I need to, and a need to get some rest, yo, wheres the sense, a confess, a burned a hole in the mattress, yes yes it was me, a plead guilty, and at the count of three a pulled back the duvet, made my way to the refrigerator, one dried potatoe inside no lies, not even bread, jam, when the light above my head went bang.
I cant sleep somethings all over me, greasy insomnia, please release me, and let me dream about making mad love on the heath, tearing off tights with ma teeth, but theres no release I'm wide awake in ma kitchen, its black and I'm lonely, oh if I could only get some sleep.
Creepy noises make ma skin creep, I need to get some sleep, I, Cant, Get, No, Sleep
This one always made me think of you parasites, its how you must feel when you have to actually 'Earn' something for a living, when all you ever knew was living off of others backs.
Off of the CD Inthemix96, Faithless, Insomnia.
www.youtube.com/watch?v=ZHVJVQzHv5Q
Enjoy it, and turn the fucker up, welcome to the real world.
:-)