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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rumor has it he's just fiddlin with his putter.
It's MLK holiday weekend so you know the chimps are gonna slaughter each other in massive amounts.
Pizza from Gino's East goes well with scotch, or just about anything else.
Obama told me that you are a fiction peddler.
ZHers look to be bullish for Tuesday. That can only mean one thing.
Boy, this is really discouraging. I think I'll stop working, go on government bennies and head for the bar.
By the end of the Obama administration the National debt will have doubled in his term.
Doubled. It took 230 years to reach the pre-Obama level.
It is treasonous and immoral to toss this debt onto the narrow shoulders of the unborn.
I wish there really were a hell.
Hey CB...comments such as the unborn, or passing it to our grandchildren really irk me....I am 58 and this crap will, and is, hurting me...my 30 year old son has a teaching degree and is bartending...this is happening NOW, by the time the unborn are born they will be collective transhumanism like the Borg...in fact if u don't see many of the millenia already a Borg u r blind...the most bestest and informational star trek was the Borg series..I have some silver and have prepped etc but this still sucks RIGHT NOW!
I know it's hurting us now. But you and I and your son have choices. We can get a programming degree or engineering. We can learn to fabricate or machine repair parts, we can avoid student loan, credit card and related debt. We have choices. The unborn do not. It is immoral for we in the present to spend money we don't have at the expense of the future. They have no obligation to our debts and we have no right to impose them.
I'm sorry it sucks for you right now. It's going to get a lot worse.
Coast - is your son a public school teacher? Did he have student loans? Because the most fucked up shit is when a college student goes into debt to get a teaching degree, that the teaching salary is paid by the people. And factor in that the "salary" is debt money fueled by the fed, well it begs the question, what the fuck is going on?
No. FFS!
The national debt doubles every 7-8 years. It happens EVERY 7-8 years because it's ALWAYS growing exponentially. So EVERY double term of a presidency, the national debt ALSO DOUBLES. It doesn't make a blind fucking bit of difference which president is in office.
Hope that helps you understand the national debt slightly more.
1953-1960 Eisenhower $266B - $286B
1961-1962 Kennedy $288B - $298B
1963-1968 Johnson $353B - $347B
1969-1972 Nixon $353B - $427B
1973-1976 Ford $458B - $620B
1977-1980 Carter $698B - $907B
1981-1988 Reagan $997B - $2.602T
1989-1992 H.W.Bush $2.857T - $4.064T
1994-2000 Clinton $4.692T - $5.674T
2001-2008 W.Bush $5.807T - $10.024T
2009-2016 Obama $11.909T - $21T???
As you can see, the debt does not double every 7-8 years nor is it always growing exponentially. And I agree, it doesn't matter particularily which president is in power.
What the national debt demonstrates is the growing costs of the expansion of state power and the sociopath's in charge willingness to sell off the future of the unborn.
You did not help me understand the national debt slightly more.
I think the most important point is this: Federal Reserve balnce sheet =$0 in 1913.
Only took them 100 years to destroy a nation.
Yep, and another bill to audit them died this week. You know, for the kids!
Notice the debt TRIPLED during Reagan admin. As bad as Bush and the kenyan nigger are, they only DOUBLED IT.
Check out Bill Clinton. No double on his watch and he had a young chick begging to give him BJs.
Yeah but, at what cost?
He had to give them the repeal of Glass-Steagall to get his program past.
Clinton knew he would be long gone by the time the dominoes started to fall!
You they will self regulate...it is in theirs own best interest he said!
Greenspan is a catcher! It is obvious. So is Bernanke!
You're only allowed to point out the blind spots and biases of the Other Guys (Dems, Liberals, etc).
FFS. Go plot it in a spreadsheet, then apply an exponential regression to the figures. It's damned near perfect exponential curve.
From the data here, from 1840 through to 2015
https://www.treasurydirect.gov/govt/reports/pd/histdebt/histdebt_histo5.htm
I get a 0.96 coefficient of determination (r^2) fit to an exponential function.
The US national debt IS an exponentially growing debt and it doesn't make a blind fucking bit of difference who the president is.
Some predictions for you. The US national debt will hit the following values on the following dates:
09/30/2016 $20,920,987,390,268.50
09/30/2017 $22,594,647,652,455.50
09/30/2018 $24,402,199,237,311.50
09/30/2019 $26,354,353,330,787.00
09/30/2020 $28,468,679,989,567.20
09/30/2021 $30,746,148,902,799.30
Yes it's going to hit 30 trillion in 2021 no matter who's president. 96% sure of it.
1933-1945 FDR $22B - $258B
Ow!
Didn't it triple under Ray-gunn and double under Bushmonkey, too?
One has to be insane not to see the that there is no free market , not here and not in China. All markets is manually manipulated since it is so easy now. In US there is no retail traders of any significance. This market can be summarized as Unicorn jumping out of the window and hitting ledge after ledge on his way down with some bouncing at times. And the ledge is PPT.
At the bottom the body of unicorn will be massacred beyond recognition together with real economy dying anyway from starvation of capital used in gambling parlor.
More on true economy can be found here:
https://contrarianopinion.wordpress.com/economy-update/
Good read. Thanks for posting link. Cheers.
Dead cat bouncings aside, QE4eva and neg rates aside, the snow has started to slide down the hill.
Things should start moving pretty fast soon, whether ir not that gets to attempts at gun confiscation or a military coup or mutinies in the ranks.
I expect fuckery in Lebanon and/or Pipelinestan more broadly, pretty soon, although thats granted a bet one could have made for the past 10 years.ead
But The us/israeli proxies in syria are being beaten and essentially degraded as an on field guerilla force.
One thing is clear, regardless of your politics - tptb when shit blows up in their (our) faces, can largely be counted on to double down.
PPT at work already look at this AH move
Here are some signs of a coming recession.
1. Investors in high-yield bonds are expecting to see their first negative return since the start of the credit crisis in 2008.
http://www.marketwatch.com/story/deteriorating-junk-bonds-flash-warning-signs-for-stocks-2015-12-07?dist=afterbell
2. Factory orders continue to drop
http://www.zerohedge.com/news/2015-10-02/us-factory-orders-flash-recession-warning-drop-yoy-10th-month-row
3. Default risk spikes
http://www.zerohedge.com/news/2015-10-02/us-financials-default-risk-spikes-2-year-high
4. M&A set record
http://michaelekelley.com/2015/05/29/mergers-and-acquisitions-set-record/
5. Iron ore prices tumble
http://www.marketwatch.com/story/iron-ore-prices-keep-crashing-adding-to-global-growth-fears-2015-11-30
6. Baltic dry shipping index tumbles
http://www.marketwatch.com/story/shipping-index-falls-to-all-time-low-stoking-fears-about-global-growth-2015-11-19
Here is how to prepare.
http://michaelekelley.com/2014/10/16/8-things-to-do-when-recession-happens/
Here is how to get your mind off this stuff.
http://michaelekelley.com/category/humor/
Good luck!
Long 175gr. SMK's & Varget.........
Getting 3 bottles tonight too celebrate the great economy
Solomon Grundy
Opened an account on Monday
Funded on Tuesday
Watched on Wednesday
Shorted on Thursday
Covered on Friday
Maserati on Saturday
Swim Suit model on Sunday
Began Viagra
Did Solomon Grundy
The Excession is picking up pace in its accelerating race to the face of death in total grace.
Charts. Charts. Charts.
Have you nothing but charts?
How about this:
DOOOOOM!!!
Charts and SPAM SPAM SPAM
Time for the Fed to come out and admit that the markets do not equate to the economy, now that it's finally in their interest to be honest about it.
Here's some videos worth watching over the weekend
Pay special attention to what the commentators attribute the decline in the markets. Computer trading, tensions in the Middle East, interest rates.
Hmmm, seems those things are still bothering us today. Or or those reasons just canned response from Wall Street whenever there is a big sell off. Kinda makes you wonder....
Marty Zweig is at the top of his game, not going along with the cheerleaders.
Wall Street Week with Louis Rukeyser Oct. 23, 1987
Before the Crash
Part 1 http://www.youtube.com/watch?v=2MyToTwag34
Part 2 http://www.youtube.com/watch?v=h9iE-bn0xBU
Part 3 http://www.youtube.com/watch?v=o7_l5ijG0bg
If the market does tank as it did way back when, let's see if the same actors will come out of the woodwork with the same commentary.
After the Crash
Part 1 http://www.youtube.com/watch?v=XFn1G2goDQw
Part 2 http://www.youtube.com/watch?v=Lm_4j-_Dnwc
Part 3 http://www.youtube.com/watch?v=o_fxEoF8Vl8
.
Well there are some naive muppets at my place of work now being crucified on their "diversified" Facebook, Amazon, Apple and Google "investment" strategies.
The quite literally have no idea what's hit them. Shell shocked, deer in the headlights stuff. How could this happen?
One of them argued that Amazon was single handedly and quite literally revolutionising the world's logistic and distribution systems with their massive capacity. When I pointed out that they were buying massive "over" capacity for a slowing economy he just got all confused. No idea what I was talking about.
Fuck it. I'm done "saving" people. Stupidity should hurt.
WTH? Facebook in itself represents a well diversified portfolio. IT'S SOCIAL MEDIA.
Everyone has to come to their own conclusions.
I push those types down the hole by mockingly telling them, “Buy Moar!”
A girl at work told me the other day that between her and her husband they have 40% of thier income going into 401k...ouch!
Please. Stop. I can't handle hearing this kind of shit
lol
The markets go up almost every day for 7 years and suddenly, when we have a 10% correction, everyone in the media in the blogasphere acts like the world is coming to the end. The fucking MSM headlines today how much the average 401k lost ($7500). What is wrong with people that they think the fucking markets have to go up every day. They have been fuckin brainwashed by the media and their money managers to believe this shit. Doesn't it occur to them that they are believing in a ponzi when they think their "investments" always go up. Free money for doing nothing but investing. Idiots deserve what they get.
QUESTIONS WE ALL NEED ANSWERED OH MIGHTY FEDERAL RESERVE:
So Janet, please answer these pressing questions:
1) if the gambling public loses everything in their 401ks, will they be able to depend on Social Security in a few years?
2) Does it matter that the National Debt is flying past $20 Trillion and doubled in 7 years?
3) Will the new trillions that you are printing be able to buy things?
4) Will you be able to print enough to keep-up with new debt that is piled on going forward?
5) Will your hubris run out before or after the dollar crashes?
6) Has the Fed put ended-up being in the money, and have we been delivered a short future?
7) Who will replace you when the gig is up and you are put behind bars where you belong?
Market short-sellers, Strength and Honor.
On my signal, unleash hell
https://www.youtube.com/watch?v=8IPzpaD4UOE
Yall be peddlin fiction.
'conomy bees fine yo. don' be belevin all deez repulican lies.
Keep your small children and pets away from the vampire banksters this weekend... They got their blood drained today.
"THAT'S WHAT YOU GET FOR PRETENDING THE DANGER'S NOT REAL!" Pink Floyd, Animals
(frankly, sitting out the last 6 years in cash has felt like a broken leg in the summer as a kid! youre stuck inside while the other kids are having fun.....but as Chief Wigam said in the Bible episode of Simpsons....."WHERE'S YOUR MOSES NOW?????????")
So what's the difference between putting money in this and the Powerball ?
Just bankers robbing from different classes of folks ?
Well, for one, you have a better chance of winning playing powerball.
Dead Shemitah Bounce?