Black Friday
Unleash hell...
And this...
Worst Start To A Year... Ever!
It's ugly in 'Murica...
Of course - it's not just US, China has collapsed this year...(Worst start to a year ever)
Japan was a shitshow..
And Europe is in a bear market having erased all of the Q€ gains... (Worst start to a year ever)
The day in stocks...
- *NASDAQ COMPOSITE INDEX SINKS 2.7% TO LOWEST IN 14 MONTHS
- *S&P 500 FALLS 2.2% TO LOWEST LEVEL SINCE AUG. 25
But that level was heavily defended...
The week in stocks... worst 3-week drop in S&P, Dow, Trannies, Small Caps, and Nasdaq since Aug 2011
2016 in stocks...
Since The Fed rate-hike in stocks...
Since The Fed across asset-classes...
Since the end of QE3 in stocks...
It's a bloodbath in FANGs and Biotechs...
FANTAsy stocks are really ugly year-to-date (cap-weighted FANGs are down 12% YTD, Biotechs -17%)
Surprise - Equity markets catch down to on balance volume...
Financials bloodbathery fell to catch down to credit...
On the week, credit remains the leader...
But credit signals more pain to come... in stocks...
Especially in the most credit-sensitive small caps...
And VIX...
With Energy credit risk at its highest on record...
Carnage Continues, Energy Yields Set Record High
(Bloomberg) -- WTI oil has dropped to a new 12y low, falling below $30/bbl, triggering a broad sell-off across asset classes, with equities dropping 2.6%, HY ETFs falling 1.6% (lowest levels since 9/09), HYCDX slipping 1.1% and cash bonds falling across sectors led by oil companies in the Energy sector.
The BofAML U.S. HY Energy index YTW set a new historical high last night closing at 17.43%, surpassing the 17.048% close on 12/5/2008 during the height of the financial crisis
As of Wednesday’s close, the BofAML U.S. HY Energy index option adjusted spread to Tsys closed at +1,501, eclipsing the previous wide level seen at the height of the crisis of +1,494 on 12/5/2008
Energy bonds were roiled led by Sanchez Energy which plummeted 32% intraday followed by EP Energy (-15%), Whiting Petroleum (-13%), and Oasis Petroleum (-11%)
As Energy, Materials, and Financials lead the collapse in stocks since The Fed rate-hike...
Treasury yields collapsed this week (with the curve flat)...
And the USD Index gave up some of its gains to end the week up 0.3%... USDJPY dropped 0.25% on the week
- *RUSSIAN RUBLE WEAKENS 2% TO 77.603 PER DOLLAR, RECORD-LOW CLOSE
Commodities were a mess with Gold and silver best (unch to modestly lower) while copper and crude were clubbed...
Crude closed below $30 for the first time since September 2003...
Charts: Bloomberg
Bonus Chart: Rate-Hike Odds have plunged...
Bonus Bonus Chart: Value is collapsing and Momentum remains high post-QE3 - we suspect that will revert... (h/t @groditi)
(32 votes)
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Easily would have been negative 700 without a ton of intervention.
+ 1000
Absolutely !!!
Even Art Cashin just said that.
I smell some DOOM coming next week....
i like ole' art cashin. He seems like a sweet old man who just tells it like it is.
And he oughta know; he's been through enough of these...
"The Great Crash 1929," J K Galbraith, revised, 2016.
+400
And:
Atlanta Fed Waits Until The Close To Reveal 0.6% Q4 GDP EstimateThat should help things along on Tuesday. ... Not
Heavy, heavy False Flag potential between now and end of day Tuesday. At this point, what else have they got?
Amen, they fought like hell to maintain certain levels throughout the day, in order to close "off the lows."
Excellent point lurker! Indeed, we may just have seen one of the greatest Saves in financial history, as a behind the scenes mass intervention stopped an implosion heading for -1000 points. Not all the great rescues pull the markets positive.
Given the headwinds across the globe, an unmanipulated market action today could have pulled it down 1K.
Without going totally conspiracy, I wonder if the algo's kick in quickly without time for human intervention...or the humans sit there biting their fingernails with terror on their face hoping the algo's and all the assumptions behind them will save them.
I always keep in mind that the driving force behind the markets is and must be optimism. In essence markets must recover and business will once again expand. So, at some point on the timeline things will come back and if you can stand the pain in between you will end up okay. This is the ubiquitous financial advice that saturates the internet.
I would have generally agreed 20 years or more ago but I would not, now. The reason is that govenment interventions are at the extreme. Let me give you an example of extreme: Venezuela, Greece, Cuba. Government interventions guaranteed permanent failure. They came with unrelenting control.
Now, the Fed does not wear military uniforms, smoke cigars or sport GED's, but they do still derive from the ideas of government control to achieve an end superior to what the free markets will do on their own. They are more sophisticated, have some economic theories that overlap with truth and they seem to want a positive result...but they are still centered on control by a small group of elites who can better guide economic results. This belief and their actual power to influence negates traditional investing advice, to me.
Instead of stocks look at bonds and tell me how any traditional advice and historical terms applies to them. There is no way. It is the flip side of favoring equities and also governments who are huge net debtors. That is what control is all about.
It is obvious that your spirit is willing, but your body is weak Neo.
You are correct, the fedres wears no military garb, however they are more powerful than standing armies because they control the lifeblood of the army...the currency. Therefore they are more powerful than the government. Walk through the process step by step at the most fundamental level and you will see, and you will und er stand, and you will be sickened at your core as to the systemic tyranny that we have lived, and do live under.
Do you not think that the fedres could have created an up day on Friday had they wanted to through fomo and combined dark pools? They create currency, their resources are unlimited.
Think about that.
Their resources are unlimited.
Gott mit uns...
Puke clowns.... GO!
I threw up a little bit when Mohamed El-Erian waxed eloquent about how strong the economy is, because it's creating so many jobs.
Betty Liu, I love you.
Da conome be up fo realz son cause of da black man. Who da fuck you be thinkin holtin all dem min wadge jobs down son.
#85IQHoldinItDown
BettySoo "Things are Going to Get Worse"
https://www.youtube.com/watch?v=dElLEhHoESc
U rasis honke mofer fuckas. Mo lik whit fryda. Aint no niggas got shit to be doin wif dis
#whitefriday
I reckon it'll be a pretty subdued weekend in the Hamptons.
"I reckon it'll be a pretty subdued weekend in the Hamptons."
The outlook is mixed: Louie the Nose is wondering if jacking his 8 ball prices after Chapo was caught was a smart move ? His burner is silent.
On the other hand, Black Tar Billy's burner is alive with texts marked urgent.
Folks are definitely picking their poison with more for thought than they applied to stocks.
Wives will be beaten, liquor bottles broken, and dogs kicked.
I got my wife beater on, and I put out my 'REDNECK' flag.....just to celebrate in my own, special, way, knowmsayin?
And those giving head to these people, will have to swallow, not spit.
ALL Fridays are Bleak Freaky Black Fridays, under the bootprint of the Empire.
Have a Happy Orwellian Weekend, my ZHer friends
have a doubleplusgood weekend alexcojones!
That USDCAD 120+ point face rip off through 1.4402 was really fucking special - Let's us know how real everything is.
Gold $1582 and silver over $20.
PM's doing quite well in the Loonie.
Thanks Bay. People forget there is a world outside of the dollar.
So then oil is $42?
a reminder.....
https://www.youtube.com/watch?feature=player_embedded&v=yge311sFhC8
Rainbow projectile puking clowns and unicorns! Now I'm just waiting to see some swan diving Wall St banksters!
Black Swan Down (Rated X)- The Fed sent special farces (PPT) into Wall Street to stabilize the stawk market and bring humanitarian aid to starving banksters. Using Black helicopters to lower pallets of money onto the ground, an unexpected wakeup call came from reality, and destabilized the entire economy. As fundamentals reasserted themselves after years of repression, blowback proved to be hell, as banksters in black pinstriped suits swan dived to their deaths. From there, The PPT must stuggle to regain control of the economy, all the while taking heavy fire from the corpses landing on Wall Street.
Sure-fire Oscar winner. Lookin' like popcorn time, finally.
Then the Zombies came out of the subway and ate the dead bankers.
The Horror.
Poor zombies might catch something.
MsCreant, lately it seems your dark, twisted mind has taken a turn for the worse....I like what I'm seein'!!!
They may need a hand.....
just look at these fake ass fucking markets...
it took them at least 5 stick saves in the very last 10 minutes of trading to prevent a 400 plus point loss on the Dow and i aint even gonna point out the "mysterious buyer" that arrived when it was dow 450 points to scoop up all those "bargains" on all the terrific news and underlying global macro-economic data and fundamentals...
i mean really...why not just park the fucking dow right at the 16,000 mark so all the muppets could go and skip thru the dog shit giggling....
FUCK U ALL U WALL ST. FUCKING PEICES OF SHIT...
FUCK U ALL THE THE TREASURY DEPT.....
AND DEATH TO THE FUCKING MONEYCHANGERS U COCKSUCKERS.....
U rasis mofo. Why it gots to be a stik save. Whi cant it be a 3 pointer insteat.
#Yellin4Three
Did you see USDCAD into the European open? It broke through 1.4402 and ripped 120 + points in seconds like it was a fucking game of Donkey Kong.
but look at all the pretty colors though....
Yeah. Set up several moving averages with candlestick charts on multiple time frames and you will see dead people and how the market is moving.
Epic Rant above, makes for a clean sweep this week. I salute your enthusiasm.
Screwed today, screwed tomm.
GL
I've got a beautiful feeling, everything's going my way!
And then the tree limb snapped.
"And the bottom drops out"
I guess the ppt already gone for the three day weekend?
Yellen left town without handing over the password to the printing presses for the PPT. Emergency calls failed to reach Yellen.
They're over at the Nymex today, with computer problems. Seems the buy orders are getting kicked back because they're not marked "close".
What, no crude/s&p overlay chart today?
The world financial system was totally unprepared to withstand the shock of a tiny Fed interest rate boost. The system is so addicted to ZIRP that nothing functions without it.
The Fed will soon be forced to go negative interest rates, and QE to soak up the T-Bills.
The system is locked into this scenario. Economic collapse is the only result of market interest rates, or a slow down to money printing and T-Bill buying,
The Fed's balance sheet is an impossible nightmare, but they have the printing presses, and all thw world wants Dollars. As long as that holds true, the USA is the least dirty shirt.
Thanks ZH, you finally updated the photo.
humph i actually prefer the uniform one. regal