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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I like the nightwatchers version better.
I watched your version mate.
Imitation is the highest form of flattery, but no, not this one, this one belongs only to the faithless.
Not bad though.
I cant get no sleep meself.
:-)
ITM96
Dude, you are always on top 'o shit!
if you noticed, the market floated up 60 points on nothing. so the 60 pt loss today puts us back at last friday. whatever you do, don't break out the deer in the headlights just yet. this is the same buy the market crap they have been shilling since march 09.
Markets haven't acted like this since way back on Jan 7th
It's bad out there! It's real bad!
I just left a seven one one & Janet Yellen was in the front of the line buying power ball tickets with T-bils
You mean you were at a 7 Double-Wide ?
Pump 'N Dump. Pump 'N Dump. Today was Dump Day.
Interesting. No ramp after 3:30pm.
Lighten up dudes. It was just a "profit taking" day.
What happened to BTFDs today, particularly after the Homo-in-Chief's speech last night? Maybe tomo............
Someone sure selling 30y Bond futures AH
CNBC should have that BTFD green broccoli guy as their mascot.
Barry said everything was great last night, couldn't be better other than having republicrats and democrats work together.
No mention that he doubled the deficit and lost 230,000 manufacturing jobs.
TPTB thought they would be much further down the track at this stage - PANIC has now set in ! VLAD must be giggling !
Med: What on earth are you doing, Vlad?
Vlad: Trying out different designs for the Gold-Backed Special Ruble.
Med: I like the one with the fighter planes and the Orthodox Church.
Vlad: I can't decide. Maybe we'll print both. The USSA isn't the only ones who can put "In God We Trust" on their notes!
Med: Well, they have Bath House, the Muslim president.
Vlad: Look at that poll! I'm #2, right behind Trump!
Albert, Albert, pull your finger out !
Bullish!!
January is the new October.
With this fuckery, the fucking banks may fucking be fucking closed Monday.
I think a Weekend Surprise is on the horizon.
No 3:30 ramp?
Dow down 365.
And CNBC isn't doing a 7PM special on the carnage. They are instead doing a special about the fucking lottery?!
Maybe they think it will make people vicariously think they are wealthy, and will buy, buy, buy stocks tomorrow?
"Yeah bro, that AMZN is a great value with it's 844 PE. I'm gonna load up tomorrow with my lottery winnings I just know I will win. I maxed out my Visa and bought 20000 Powerball tickets. I can't lose!" /S
My gold and silver is unmoved by this pukefest.
I can't tell you how unimpressed I am. If you had $1,000,000 in diversified stock shorts and could PROVE it, then I'll give you some credit. Otherwise you and the other gold bugs can try to impress someone else with your "investing" acumen.
OH NO, I just incurred the wrath of the ZH GOLD BUGS. Its like a fucking investing team that roots for one another with up and down votes. Fuck the lot of you. I'm not impressed with your "survival" strategy unless you figure out a method for getting beyond the reach of Uncle Fraud. Most gun owners think the 2nd amendment protects them. And the GOLD BUGS think they are protected as well. I'm getting rather tired of the "lost it all in a boating accident" joke too.
We're getting tired of you. Go blog at the Huffington Post or Salon or Daily Kos.
He has a point. Boating excuses wont cut it w uncle.
Mine is gleaming silently wherever Punjab lost it.
Hanu says he thinks he can find it, I have promised him a gold Dubai Dinar.
I put Punjab to work at the community bunker with LC54. He is moving ammo crates back and forth.
That IS strange. In March 2014, nearly 2 years ago, gold was $1,235. Yet look how much more chaotic and dangerous the world is. Gold should be $1,500+. I don't get it.
I found this curious also.
I finally surmised, complete conjecture on my part, that those with physical could also be leveraged in the market and vulnerable to margin calls, which (to me) might explain why the market and gold go down in tandem like what occurred in 2008 and then again when they announced QE2??? or was it QE3 in Oct 2011. I was short and they ate my lunch and gold went down....briefly, relative to the 10 year chart.
BTFD has been the mantra since late 2011 and people were trained to stay away from the barbaric metal. All the while I am sure the TBTF, and Chinese have been continually stacking in anticipation, and complete coordination, to what is occurring at this very moment.
That Julie Hyman girl, on CNBC, actually used the forbidden word...CAPITULATION..today during the broadcast, which tells me the stockholders of the FRB have cashed out and liquidated and are ready for some bargain shopping to buy all of the real assets on the planet remaining.
We are but, 7 meals from complete anarchy.
I think I am going to stock up on dry beans, rice, canned chicken, and cash tomorrow. I have a few month worth now but, I want a more to trade.
I have thought a lot about owning PMs and have concluded that you can have it but, you dare not spend it because when you do, try and spend it, the first tiny bit you will be exposed. They will find you and take that chit from you.
Picture Blackwater, hundreds of them, like pirates, gutting you and your family for your stash.
The brother of a friend of my dad, Thaddeus Mudd, collected gold coins, erred and dropped his guard and some guy he hired to work on his house came back and killed him for those coins and I will never forget that, ever. He died before his time. It was a senseless, brutal crime. I think the death penalty was unconstitutional at the time etc. etc. you get my point I hope.
I would say more but, I don't want to put people off. I think silver might be more useful. Just a whole different animal. If Thaddeus would have collected silver coins he might have lived a much longer life. Something about gold........?????????
It is quite simple. The price of gold is relative. With all the problems in Europe, China, and the EM's, the US dollar has been strengthening, lowering the price of gold in US dollar terms. If you had bought gold last year in euros or CDN dollars you would have done very well.
Shhh !! If GOLD rises people may start to think they have been BULLSHITTED to about the economies actual health !! We don't want people THINKING !! As George Bernard Shaw said - "Most people only think 2 or 3 times a year - I have become internationally renowned thinking 2 or 3 times a week " - So there you have it - Dead FUCKING easy !
I think it's ironic that the earth shattering Powerball jackpot comes at a time of peak putrid manipulation in markets.
It's like granny gambling on the lottery to bail out a lifetime of bad choices.
Reality marches cruely onward no matter what.
Hell, if you broke up the Lotto and every single person got a cut, you'd have like 50K$ each!
There's nothing to worry about! Barack Hussein Obama is our President. No worries. BTFDs!
expecting a false flag any day now so the us can go to war and cover up the crashing satanic economy. lets just hope that behind the scenes the bad guys have been disabled and no false flag will occur.
"Pleased to meet you, hope you guessed my name...stock brokerage is the nature of my Game.
"I stood around on Wall street when the paper tanked, the bankers jumped and fell like rain."
I'm no economist.
But, regarding "value stocks", it appears to me, personally, that $VLE pretty clearly broke its head-and-shoulders, using weekly candlestick bars, last week, and is continuing down, and therefore I will be watching for $VLE 3700 (or, of course, lower)....
$RUT and $MID appear to me to have broken their weekly heads-and-shoulders last week, too.
SPY and QQQ have yet to do break, but I like to watch $RUT, $MID, and $VLE, because I think they're broader indeces.
AGG and MBB seem to me to be doing okay.
HYG and JNK just look terrible to me.
Ok bitches. Is this the beginning of the end, or the end of the beginning, or something like that. Seriously, it really looks like a major recession is in the offing and there is nothing the deep state can do about it.
Morningstar clown in charge recommends buying OTM Puts.
The guy manages " REAL MONEY" and he's suggesting buying options below current market valuations?
Haha, Market Watch had like 3 bad stories at the top of the page, then the fourth story down said, "But it may not be time to sell your stawks."
economic gravity always wins.
They can make it worse.
Did I miss anything? Talk about B'ingTFD! Met with my CFP last week and he's all 'Morning Star'... I said I'm not giving you another penny... Transfer all my assets to the CAD. LOL talk about a bloodbath.
Speaking of bloodbath... WTF!
http://www.dailymail.co.uk/femail/article-3393074/I-love-taste-texture-look-Inside-bizarre-world-self-proclaimed-vampire-drinks-boyfriend-s-BLOOD-feeds-thinks-s-cheating.html
I'm outty
E-trade baby update
http://www.theburningplatform.com/2016/01/09/e-trade-baby-loses-everything/
The PPT can't work every single day guys. Today was probably a "porn day" or something. But it almost guarantees they will be back to work tomorrow.
They are pumping them up with B vitamins, workouts at the Fed gym, and Red Bulls.
I'm sure they will be chomping at the bit tomorrow..... Then again, maybe not.
Poloz should resign before January 20th. No one wants to pay 20 dollars for a loaf of bread.
HYG = High Yield Garbage
that China is fixed ramp faded fast didn't it?
it would be kinda funny if somebody won the largest lotto jackpot in history, only to have the bottom and the basement absolutely and irrevocably fallout tomorrow. I mean the whole globalized shit show just gets nuked in the worst case of rapid FUBAR ever.
"well, yes sir the numbers match so you did in fact win 1.5 billion dollars and your lump sum payment would have been 600 million or so but..."
"how about a SNAP card, a phone and medicare instead"?
banksters on rooftops.
jump bitchez.
"Yes, Mr LC, so, after taxes, fees, and carry charges, your 1 billion $ lotto winnings are..... 49.95$. How would you like that?
"In ones, please. At least it will look sort of big."
People were just selling to fund lottery tickets.