S&P Crashes Below August 24 "Black Monday" Lows
"Inconceivable" ... but there is more to come.
Black Monday Lows...
But credit sees more to come...
(8 votes)
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This time it's different
Has lower to go.
Look, I'm flying!
EVERYTHING IS FINE! GO BACK TO YOUR TRADING TERMINALS!! BUY BUY BUY!!!!!!
Yeah, it's not like Wal-Mart is closing a bunch of stores or something. Oh wait...
Bu Bu BUT.......... Anyone saying America's economy is in decline "is peddling fiction".
… it sure sells well, doesn’t it?
With the momentum to the downside and the fact that the US markets are closed on Monday, Tuesday's US open will be a bloodbath as Asia and Europe will continue to sell off on Monday... Too late to prepare, so pop some popcorn and grab a beer because it's going to get fugly next week...
if im curve fitting it correctly, the bottom is pretty much in for today...
It is not "Inconceivable" we have been waiting for this. I just hope everyone has used the extra time to strap on their parachutes... 'cause this baby is going down... Prepare accordingly.
Fuck the parachutes, it's time to make $$$ when there is blood in the streets... I've been setup for this since Q2-15 as it was only a matter of time before a bubble burst...
It's going back to 666. But I'm still not playing.
I would bet that we go into panick mode once again and then once the FED decides we are at a pivot crash point (I'm sure they have signals that monitor and predict when things are about to get truly out of hand) then they'll unleash a verbal QE equivalent. Then it'll be a squeeze sharply higher. One last hurrah.
That'll be the last exit door and perhaps the last real short op. Anything after that rolls over will be knife play.
Good luck to anyone still lacking the intelligence to stay out of this.
Pleazzz, they can keep fiddling with this crap for the next couple of decades. This is the "new" global finacial system. Just chasing their fucking tail.
I disagree... This carnival began at the start of the Oblamo administration and it will end with a big bang before the end of his tenure... Everyone with a voice has been lying about the state of the global economies and markets for 7 years...
Without monetary easing, we get to see who has been swimming naked on cheap credit, and leverage. #creativeDestruction #boutTime #assetBubbleDeflation
Dow down 500 now.
I follow these to guide me in thinking world trade (eventually affects the bearing market):
GMT (railcar leasing) and TGH (shipping containers) down very hard.
Gold's up $18, Silver's still floating in the $13.90 range...amazing.
The trend has been to keep monkey-hammering PMs so gold is below $1100 and silver below $14... This won't change until the central banks lose the ability to print $$$ and short the paper market with naked shorts...
In the immortal words of ICE:
Will it ever stop? Yo, I don't know. Turn off the lights and I'll glow (red). To the extreme I rock a mic like a vandal. Light up a stage and wax a chump like a candle.
WAS HE FORTELLING YELLEN and the fed? I'll let you decide.
https://www.youtube.com/watch?v=149jGeIlx3I
Not sure about his street cred or rapping skills, but ICE is a damn fine interior decorator!
Oh FFS sake, you are saying that Vanilla Ice is someone privy to Fed policy? Now I think I've read it all on ZH...
What is best in life?
Conan: Crush your enemies. See them driven before you. And hear the lamentations of the S&P.
General Custer said it's sure thing, so I'm not worried.......
Ground control to major tom........Ground control to major tom........
Tyler - deer please!
I see deer, vomiting, and etrade babies everywhere.
Concerned Yellen?
Armageddon bitcheeeez
Well, it's a start.
Smoot Yellen...
good time for another stroke, then exit stage left
And 1857 it is, Art.
We'll see 1820 on Tuesday...
1867: Bye bye baby...
Is it time to buy the dip? Buy thefucking dip?
Wait till you see the whites of their eyes... soon
Is the Bear Stearns still fine?
Standing by to buy the dip...
...it could be a while.
The problem as I see it is that it could be a multi-phase drop. In the end, the DOW, S&P, etc. have to reflect the real world economy which sucks. I do not think anyone really knows how much it sucks.
The DOW crashing eventually has reverberations in the real edonomy and people starting getting laid off, loans default, etc. But, it takes time. Fed interventuons just screw up th settling and rebalancing of accounts and economic activity.
I am no prognosticator but a series of fat steps downward are what I coild see happening. You get a week or two of big drops then the pollyanna long termers step in. More bad data and another drop then...repeat.
I do not think we ever recovered from 2008. I think we just stabilized and bid up market optimism. Things like Obamacare and Chinese ghost cities bring us lower but give the illusion of things getting better. The Fed rate hike was a head fake for optimism,
Looks like the end of FED induced euphoria. So far Bullards BS promise of more free money is not working.
Shit flows downhill. The corruption of hit your numbers this quarter any cost means it needs to be rebuilt from the ground up.
Russell under 1000, this is going to leave a mark.
A massive shitstain.
Ppt have forsaken us
They're loading up thePPT HFT programs now people. If any zhER think this weekend is going to end on a negative note before Black Monday (Martin LOOFER Day)...you're light in the loafers \.
Watch for 3:30 when they come out with printers blazing.
1:50PM my prediction. Gotta push Oil up first.
llooks like you were bang on with 1.50!
My DJ chart says a close below 16150 on the weekly breaks the whole uptrend from 2009.
I dont think they will rampi it there - if indeed they even try.