Here's A Chart You Won't See On CNBC
What goes up, comes down considerably faster.
For global stocks, Bloomberg notes, the way down ($15 trillion lost in 7 months) has been much easier than the climb up ($30 trillion added in 4 years).
Source: Bloomberg
With markets from Asia to Europe entering bear markets this month, stocks worldwide have lost more than $14 trillion, or 20 percent, in value from a record last June amid worries over global growth and deepening oil declines. The pace of the drop has been so fast that it has already unraveled about half of the rally since a low in 2011.
And here is a bonus chart from Bank of America, which looks at the S&P on an equal weighted basis, to avoid such aberrations as the collapsing market breadth phenomenon, also known as FANG. Spot the symmetry.
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Hmmmm..... If the carnage accelerates into the close, I wonder if the markets/banks open up again on Tuesday?
Donald Trump the only natural born citizen out of all the above, so funny!
Yellen is rehearsing her fainting spells.
Symmetry is the product of automation. call it 'quantity control' instead of quality control.
Once the parts are interchangeable, you can make more of them...
Thus, you have command and control production.
We should be glad the days of horse and buggy markets are over.
Let the computers decide our fate.
Ah, the beauty of art is human error)
A philosopher, I see...another beauty of art is that the artist can control the context of 'truth' to make it more 'apparent'...
I made a bracelet for an artist that got big into making money through automation, she does alright for herself. She asked me if I could make 700 of them for a 1000 dollars. I had to laugh, cause I probably could if I wanted to put my energy in that direction. I was just enjoying my work. Truths are relevant to time and space according to your "categorical imperative" at that time.
Looks like a macroscopic graph of silver prices.
-Argenta
Fake titts pop to!
It's tough to tell the scale of that top chart but that graph has a pretty good head and shoulders pattern in it that if it completes should result in going back to about 45 trillion which is where the ramp started LOL.
Looks like the neckline is now broken.
May mean nothing but I thought it looks pretty interesting.
Good call. Also looks like a lot of support right here with a four bottom.
If it breks down further here -- uh oh...
Couple more down days like this and we're talking 2 year equity sector lows all around:
http://finviz.com/futures_charts.ashx?t=YM&p=w1
I can only hope this is the "cheap-suit/rainstorm" scenario that will finally end this bullshit.
2008 wiped out the lower-hanging fruit, but then they engineered the fake rally, and those who escaped the carnage breathed a sigh of relief, and congratulated themselves on being so smart.
The next downturn takes them out. And I think that is when you might hear some noise...the election is just going to make it more likely that someone will actually hear and respond to their cries...
But I think a whole bunch of folks are going to be very, very pissed-off at being cleaned out twice in less than a decade.
And I can't WAIT till Obama is finally forced to face the reality of the economy. BEFORE he leaves office, so he gets a faceful of his failure as the world watches. May his "legacy" end up where everyone's 401k ended up...in the shitter.
Someone got to Mr. Hopey-Changey as soon as he was sworn in...and he rolled over ridiculously fast. I want him to regret it, and to wonder how things would have gone had he done the right thing. Both as a lesson to him, and to anyone else who portrays him/herself as a 'saviour' and then chooses to sell-out to the Washington establishment instead.
"elections"...
Locally, maybe (because you know were the fuckers and their children live).
Nationally, LMFAO!!!
None of the digital/currency "wealth" is fucking real, period. At least not until you exchange it for a real asset or some productive capacity.
The fact is that for 40+ years bankers and financiers have been nothing but privileged overcompensated middlemen stuck between the computer/printer and the producer/consumer in the real economy.
They bought D.C. in order to keep that "privilege", fuck em!!! Time to execute the middlemen!!!
Everything is well-documented because of their own hubris, fuck em, there is no way forward without a serious refund or serious RETRIBUTION!
These are EXACTLY THE DROIDS YOU ARE LOOKING FOR.
You gonna lead us in that retribution effort, there LOP?
I'm all in! In the interim, run these parameters to determine the extent that the masses are being buttfucked:
1) angle of dangle
2) mass of the ass
3) heat of the meat
4) speed of the seed
5) direction of erection
I loved physics!
That's assuming he wasn't already "sold out" BEFORE he got elected. He has done an excellent job for the ones that put him there.
The only noise you will hear is a collective whimper after Big Daddy pulls his cum-dripping
joint out of the asses of the masses.
Hmmmm. My 401k is at record levels today. Did I do something wrong?
I guess i'm not toeing the party line. Guess I missed that memorandum. Maybe next time.
More like being cleaned out THREE times in about 15yrs. But hey. People never learn.
Regret what? Accepting 250K per speech post-Oval office?
Someone got to Mr. Hopey-Changey as soon as he was sworn in...and he rolled over ridiculously fast.
He was bought and paid for before the electioneering even began. In December 2007 the Zero had more campaign funds than Any other Two dem candidates put together -including Hitlery Clintoon. Funny for someone nobody had ever even heard of on the national stage...
Isn't it about time for a destroyer drive-by at the Spratly's...?
I just watched our illusturious leader say our economy has never been greater on the SOTU address. I invested on his que and look at whats happening now. sarc on
Where's MillionDollarBoner? What have you got to say now FUCKER.
MDB is sarcasm/satire.
You ought to demand a refund from your educators if you cant see that.
All I see on CNBC is Jim Cramer screaminig buy buy buy! Steve Liesman cheerleading how the Feds actions are boosting the economy and Tim SeeMoreButt yelling marekts just bottomed and buying stocks with both hands.
Chipotle is up today... WTF?
Standard Disclaimer: I guess some people just can't get enough unicorn meat....
Those seven ain't THE seven.
Simple as that.
Why are you PEDDLING FICTION !!?? (this phrase could become a legacy legend)
now that i am finally in the zero loop i have a new acronym for you
this is not a BTFD market...
it's a POTH market...
... Put On The Highs...
short the FUCKING rips- stfr
STFR that's even better ! Full SALE
They slide faster than they glide.
Got cash, beotches?
Everything is fine.
https://youtu.be/tTaJgHD16zM
Here's MSM explaining investing for the lemmings... stay the course...
http://www.marketwatch.com/story/dont-panic-dont-sell-plan-2015-08-26?si...
I don't agree fully with the "lemming" label; the Market Watch article has SOME truth to it (I'm sure I'll get tons of downvotes from the Hedgers who love to watch a meltdown and hate those who won't panic). I'm nicely allocated in different asset classes; bonds, RE and stocks (no PM's yet). Through yesterdays close I'm down -.35% YTD. I have no plans to change the strategy that I have followed since 1982. I don't like bubbles and HATE Wall Street, but I'm disciplined and don't scare easily as I've "seen this movie before".
Make America Great Again! Trump 2016!!
wait a sec. I saw this chart under Big Joe Kernan's desk....only
it was labeled CNBS RATINGS
Looks to me its past the time to git, now its time to gallop if your going to come out with at least your undapants
This is what getting dry docked feels like.
Short KY.
Au Ag not as higher as I had thought
The sooner it crashes into a smoking heap, the better.
Hey, not for nothing, but my dashboard ticker says "markets closed". Today isn't Martin Luther King day, and it's 1:43 PM EST on a Friday. WTF?
Myraging hemmoroids tell me that we're overdue for a black swan/false flag shit sandwich, just so, you know,TPTB can drive the fucking economy right off the cliff, a la "Thelma & Louise"...just sayin'...
You all know this is a casino
You know rule number 1: "the house always wins"
Yet the whole nation is duped into 401k gambling
into giving away all their retirement in a casino gamble
how can an entire nation let itself be so screwed
I remember way back when, you put your savings in a savings account and collected interest on your money. It is no wonder so many have resorted to putting monies in a somewhat risky 401K. You're right, the house always wins and they don't care about us, at all.
I hear ya, but you gotta pay attention to the math of a 401k and its tax breaks:
1. Your Employer does some kind of Matching. This is FREE money to rise or fall.
2. Your Contribution has a nice Tax Write-off. That's somewhere in the 20-35% range for most people.
3. Calculate Effective Contribution, adjusting for (1) and (2) above. Bet ya it's > 35%, or damn close.
4. If you've been investing for years, it means it's been compounding for years.
5. If you resisted the ZH siren song of PM in the last 5 years, but stayed in the market, you did well. Really well.
6. If you parked your 401k or IRA recently, you're sitting on the sidelines, with a mix of Bonds, Cash, PM. PM that you now bought really cheap, instead of overpaying for several years (2011-2014).
If you do the math (Steps 1-5 above), then whatever 'Dip' you'll see, will still be smaller than the gains you've made. Unlike the suckers and fools who invest in their fave One-Trick Pony.
Using the stats of the last 80 years, I'll bet you that your 'Dip' will recover nicely in a few years. Be neither a Bull nor a Bear, but be Agnostic. Which means, that you're Diversified and you adjust to the Season and Weather. IF you do, you can stay focused on the real crux of the matter: your Exit Plans A and B (where A=Scheduled, B=Sudden & Unscheduled).
The only thing of real concern to YOU, is where the Portfolio stands when you need to dip into it -- be it 6 days or 6 years from now. And that is something that only you and your CFP can determine -- not the Bears on ZH or the Bulls on TV -- because your needs and circumstances are unique. For this very reason, the correct answer is always: "IT DEPENDS". Anyone who tells you otherwise is a crook or an idiot.
-Kirk out.
Congrats on the best post of the string! I'm shocked you don't have 80 downvotes for your lucid and logical post.
Fiscal Reality!
Please Explain. How could 3 Trillion have evaporated in a market downturn as per Drudge. Isn't there ALWAYS someone on the other side of the trade to TAKE your money as profit? So how can money be lost...doesn't it just change hands?
If I go to the casino and lose $ 100.00 this afternoon....it really isn't lost...it changed ownership. I'm confused.
EXACTLY! Where did the fuckin' money go? Somebody has it somewhere.
And it's happy hour somewhere so I think I'll have another drink.
I may not be getting this completely right, but I think in simple terms it's something like this:
You go to a car dealership and purchase a new car for $30,000. As soon as you drive it off the lot it looses some value (probably a couple thousand dollars). That value is gone. Niether you or the dealership can ever sell that car for $30,000 again (with some rare acceptions).
So, before you bought the car, you had $30,000 and the dealership had a car worth $30,000, so $60,000 in total value. After you drive off the lot the dealership has $30,000 and you have a car worth $28,000, so $2000 were "lost."
Note that it isn't lost forever. You're car might become a classic and be worth $100,000 some day, but right now it's lost.
When stocks go up, everyone can wins. I buy at 1, I sell at 2, to you. You sell at 3, to others, They sell at 4 to others. Who lost? No one. A rising tide lifts all boats.
When stocks go down, I bought at 4, sold to you at 3. You thought "its gong up" and buy at 3 but sell at 2. The others think the bottom is in and buy from you at 2 and sell at 1. Everyone loses. That is the evaporation of paper wealth.