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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Does this mean I should put more money into my 401k?
Tell everyone you know to buy the fucking dip.
Then, while they are buying, sell your shit, and gtfo while you still can.
My prayers are for Tuesday I hope the DOW really goes down to hell. The whole world deserves this joy.
Can we get a Dow 13,000 next week?
Maybe 12,000?
How low can we go???!!!
*Jiggles the handle*
UFB, only a 2-3% day, 400pts and the rable rouser come out in force, sheet, i'm looking for that limit down circut breaker x 3 and close, Fcuk disshit, we aint a damn site down yet, gonna get me some hard hittin bros and some ballping hammers and goto town....
now be Gone,
Ezekiel 25:17
say What again!
i'm sorry did I break your concentration?
well allow me to retort, we aint even close yet- gonna see oil break 25, then the balls will start rolling, betcha fed speaks all weekend and monday too and follow thru lip service on tuesday, problem folks will be too busy selling overseas and back here as well, it's gonna get worse....
I'm not worried yet - not even a vomiting rainbow unicorn on this post. Wait until the 700 Trillion dollar ponzi-derivatives market collapses and people find out there is not enough money on the planet to actually bail the banks out much less cover the money that used to be in their accounts. Thats when things will get interesting!
They'll just print more.
I hope CNBC didn't get rid of their stupid "Dow 10,000" hats...
I have to ask:
what are the indices or calculations for the graph "US Finan. Stocks / US Finan. Credit" ???? Need to replicate it... bitchez.
Feed me, bitchez.
Freedom Guy, , You nailed the problem with the Fed better than anyone I have ever read.
I almost feel guilty that I made money over this time
Done
Jeez, you call this "Black Friday". You are very optimistic.
Thanks for the free money, we've been offloading all the way into new highs !
Regards, Wall Street Wolf Pack !
We'll come to feed again , soon, when the bloods flowing.
:)
Soon central banks will own 100% of the stock 'markets'. Anyone want to help me out on who the 'collateral' is for the money they've used, and have been allowed to endlessly print?
so the next rate hike by July is still good, right?
Stand back and look at the monthlies to see how high the stawks were taken by the fascist powers, and how far they now have to fall, following the downside leadership of RUT:
http://finviz.com/futures_charts.ashx?t=INDICES&p=m1
I opted out of the system 8 years ago by selling my house in an over-priced, over-taxed suburb and bought a small farm in the mountains of a remote area of the northern appalachians. I used about 1/3 the money I got for the house to pay for 80 acres of pasture, hay field, and woods. Place had a small but well-built cabin around 1,000 sq ft. Taxes went from 7k in the suburb to 2,600 for the farm.
I bought a cow, started a large garden, and got a large woodstove to replace the old electric baseboard. Had the cow artificially inseminated for $30. Next year I had 2 cows. Inseminated them both for $60, and this continued. Male calves get banded (fixed) and raised to size then sold for about 1,500 ( market depending). I now have 5 pregnant cows due to calve in spring. I found that one of my biggest expenses was hay in winter, so I bought some old ( but well cared for ) haying equipment for 12k. I started haying my fields and found that I had way more hay than I could use. Last year i sold 2,000 bales for 3.50 each.
So...my freezers are full of organic, home grown veggies, beef, and chicken. The farm pays it's own expenses and a little left over for taxes and utilities. Cabin is easily heated by about 5 cords of wood per year which takes about 3 weeks to cut and stack. We drink good mountain water, some of the freshest and best I've ever had.
I recommend this to anybody who wants to get the fuck out of the shitty work-a-day system that so many of us get stuck in. I had absolutely no experience what-so-ever in farming or outdoor life. I was a salesman, a broker, and then a print shop manager. If you are able bodied and have at least SOME assets, get the fuck out now theres a better life possible. I read ZH and other financial news for fun, not as a nail biting participant.
Stocks Are Melting Down. Is The Economy Next http://www.bloomberg.com/news/articles/2016-01-14/stocks-are-melting-down-is-the-economy-next-
Funny how they pretend here that Stocks are a leading indicator. Now it seems that the 'Black Swan' is the FED LOlz https://www.youtube.com/watch?v=wZcP9ZpWJes