Mid-East Massacre: Qatar Crashes, Saudi Stocks Plunge Most Since Black Monday

Tyler Durden's picture




 

Broad middle-east and african stock markets crashed over 5%, erasing any gains back to November 2008 as the carnage from last week continues. From Kuwait (-4.3%) to Qatar (-8%) it was a bloodbath as Saudi Arabia Tadawul Index plunged 5.4% - the most since Black Monday (now down over 50% from their 2014 highs). These losses are far in excess of US 'catch-up' moves and suggest a dark cloud over Asia this evening.

 

It's been a bloodbath in the Middle-East since the year began...

 

Africa/Middle-East Stocks crashed 5%...

 

Saudi Arabia's Tadawul Index is down 5.4% on the day - the worst since August's collapse and has lost over 50% since its exuberant peak in 2014...

 

Kuwait down over 4% to 2009 lows...

 

But Qatar was carnaged... (down over 8%)

 

Makes you wonder where all that hot-money from The Fed flowed eh?

 

 

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Sun, 01/17/2016 - 13:23 | 7058471 Usura
Usura's picture

Bullish developments here.  Watch the manipulated reversal before tomorrow's opening.  Glad I loaded up on ou-of-the-money SP500 calls last Friday.

 

BTFD

Sun, 01/17/2016 - 13:25 | 7058477 Dark Daze
Dark Daze's picture

You should read P.T. Barnum

Sun, 01/17/2016 - 13:32 | 7058513 Usura
Usura's picture

I understand the geopolitics very well.

The question is, what are real assets and which should you hold?  For me these are real-estate, precious metals and stocks.  You can keep the rest of your paper.  If the FED allows the equity market to crash, I will be really surprised.  All is manipulation.

Sun, 01/17/2016 - 13:35 | 7058526 jamochavez
jamochavez's picture

Real assets - stocks. Are you serious.

Sun, 01/17/2016 - 13:43 | 7058549 Usura
Usura's picture

I don't mean FANG stocks.  I mean companies with productive hard assets; mills, factories, manufacturing, and even agriculture.  The rest are fluff.

Sun, 01/17/2016 - 13:50 | 7058574 Dark Daze
Dark Daze's picture

And I suppose the fact that there is not 1 ship anywhere in the world that is en-route to a port with a cargo right now just somehow managed to escape your attention? Your shares MAY be worth something in 10 years, but then again, maybe not. Liquidity is gone and the big boyz won't sell their gold. Where do you think the capital is going to come from to support your companies while they wait out the greater depression?

Sun, 01/17/2016 - 13:58 | 7058627 lakecity55
lakecity55's picture

That story was from China.

There is probably a boat with stuff on it from Europe right now.

Sun, 01/17/2016 - 15:20 | 7058921 Usura
Usura's picture

The policy of Zionist expansion supported by the neocon-controlled United States is greatly facilitated by spreading chaos throughout the Arab (also Persian & Turkik) countries of the Middle East.  If the KSA believes that its cooperation in creating this mess will somehow save them from a similar fate, then they are in for a nasty shock.  But the Iranians do know better.

 

As to the US equity markets, do not think for one minute that the FED will capitulate with a "mea culpa" and suddenly begin to act in the best interests of American citizens.  We have 100 years of precident upon which to make this prediction.  And the strong dollar informs them that there is plenty of room to continue on the present course.  Soon we will have more QE in Europe, continuing QE in Japan, more QE in China and QE4 in the US.  Canada will cut its prime rate.  What happens to the SP500 then?

 

Scorched earth is bullish.

Sun, 01/17/2016 - 13:48 | 7058573 homiegot
homiegot's picture

As is your life.

Sun, 01/17/2016 - 13:24 | 7058473 Dark Daze
Dark Daze's picture

Good. Best news ever. I hope they go to fucking zero.

Sun, 01/17/2016 - 13:26 | 7058483 Niall Of The Ni...
Niall Of The Nine Hostages's picture

Tyler, why do you never report performance of the Tel Aviv stock market? Is Tel Aviv not in the Middle East?

The Tel Aviv 100's performance is well in the range of European stock markets, losing "only" 3 per cent over the past year, better than the DAX (which lost 6 per cent). 

Possibly they had help from the Elders of Zion, but the fact Israel isn't an Arab-ridden basket case with no exports but oil and jihad must have been a consideration. 

Anyway, Tel Aviv dropped only 0.3 per cent today. For Israel, the western banksters' detente with Iran is an inconvenience, not the catastrophe it threatens to be for the House of Saud.

Me I'll go back to worrying about the TSX and the evisceration of Canada's oil industry---and the high price of cauliflower. At my grocery now CAD8 a head.

Sun, 01/17/2016 - 13:36 | 7058529 ozziindaus
ozziindaus's picture

Some of those look very much like the Shanghai........or what's to become of it. Eagerly awaiting the Asia massacre (long YANG)

Sun, 01/17/2016 - 13:56 | 7058615 lakecity55
lakecity55's picture

2000 hrs EST, the show will begin!

Beer!
Popcorn!
Hot Dawgs!

Sun, 01/17/2016 - 13:42 | 7058546 flyonmywall
flyonmywall's picture

You don't think Putin read Sun Tzu?

"...the ultimate achievement is to defeat the enemy without even coming to battle...", Sun Tzu on strategic offense.

 

Sun, 01/17/2016 - 13:55 | 7058612 lakecity55
lakecity55's picture

Is standard reading at KGB Academy, Comrade.

Sun, 01/17/2016 - 16:22 | 7059141 Bazza McKenzie
Bazza McKenzie's picture

Which is what Reagan did with the Soviet Union.

Sun, 01/17/2016 - 13:45 | 7058562 Dark Daze
Dark Daze's picture

Iran is going to win this. Why? Because they have been under sanctions for years and have managed to keep their economy more or less functioning, so any new money, like the 100 Billion that got released yesterday or the 3 Billion a month in oil revenue is a bonus. Saudi Arabia? Well. 80% of the population want to murder them; their cash reserves are dropping by what, 100 Billion a month and the Crowned Prince is trying to 'sell' shares in an oil company that nobody in their right minds would buy.

So long SA. It hasn't been nice knowing ye.

Sun, 01/17/2016 - 14:10 | 7058672 Anopheles
Anopheles's picture

I can see it now, Saudi is trying to figure out how to increase oil prices.  Yet everything they think about doing (like cutting production) hurts THEMSELVES more, and benefits their "enemies".

Talk about a no-win situation.  

Time for another war.   It's the ONLY way for Saudi to get of of this mess of low oil prices. 

Sun, 01/17/2016 - 13:47 | 7058567 franzpick
franzpick's picture

INDU down 1000 points within hours, or else days.

Sun, 01/17/2016 - 13:51 | 7058587 Lucky Leprachaun
Lucky Leprachaun's picture

But DINDUs still doing ok.  For now.

Sun, 01/17/2016 - 13:47 | 7058571 homiegot
homiegot's picture

The Millennials will save us.

Sun, 01/17/2016 - 15:14 | 7058910 homiegot
homiegot's picture

Baby Boomers are done. Gen X doesn't care. 

Sun, 01/17/2016 - 13:54 | 7058601 me or you
me or you's picture

Tuesday is the DOW turn.

Sun, 01/17/2016 - 13:54 | 7058607 lakecity55
lakecity55's picture

I'll be on Wall St Tuesday selling shields to protect passers-by from falling banksters.

Sun, 01/17/2016 - 13:58 | 7058624 me or you
me or you's picture

Better open a funeral home for banksters.

Sun, 01/17/2016 - 16:42 | 7059220 mototard
mototard's picture

The DOWn Turn  -  I like that.

Sun, 01/17/2016 - 13:54 | 7058602 lakecity55
lakecity55's picture

Isis- send moar guns&ammo!

Gulf States: We can't, the markets crashed!

Sun, 01/17/2016 - 14:03 | 7058646 Doppelganger71
Doppelganger71's picture

Holy war? Holy shit!

Sun, 01/17/2016 - 14:07 | 7058667 steveo77
steveo77's picture

I actually grabbed the real temperature data in early 2014, from 1880.   Before they "jiggered" the data.    And plotted it.    At this link you can even download the whole spreadsheet, the more people who have it the better to preserve the record.  

Bottom line....no global warming for 18 years, some wilder weather spikes, but more consistent weather overall (based on standard deviation)

Use facts when forming opinions, not other peoples opinions.  

http://nukeprofessional.blogspot.com/2014/08/global-warming-real-informa...

Sun, 01/17/2016 - 14:15 | 7058701 12357111317
12357111317's picture

Thanks.  That's a lot of work.

Sun, 01/17/2016 - 15:56 | 7059030 steveo77
steveo77's picture

Glad you like it, spread the word.

Truth benefits the recipient.

Sun, 01/17/2016 - 14:50 | 7058831 BetaGap
BetaGap's picture

Well, is there any major index that has exposure to those?

 

 

I think most of them are not even listed in MSCI Frontier Markets. (At least it is not visible in the MSCI Factsheet, except Kuwait which is in that region)

Sun, 01/17/2016 - 15:35 | 7058956 ihatediscus
ihatediscus's picture

oops

Sun, 01/17/2016 - 15:34 | 7058957 ihatediscus
ihatediscus's picture

 lifted the Iran sanctions ehh?...........

lol lol...........hope the ragheads are enjoying their gift from their buddy obama

Sun, 01/17/2016 - 15:51 | 7059010 Chuckster
Chuckster's picture

I love the smell of bacon in the morning.

Sun, 01/17/2016 - 16:39 | 7059209 mototard
mototard's picture

Good to see Qatar crashing.  Qatar, along with Saudi Arabia, is one of the major funders of terrorism and extremism in Europe, North America and the M/E.

If they suffer a financial crisis, then hopefully they will have to cut back on terrorism/extremism funding - to the benefit of everyone. 

 

Sun, 01/17/2016 - 18:22 | 7059586 steveo77
steveo77's picture
Whale Gate -- Hawaii Whale Coverup -- They Have REsorted to Turning Off The Whale Cams We are into the third week of January, and the Humpback whales have still not shown up in Hawaii.  Usually they start showing up in early December.

In late December and early Jan, a few news stories were published showing scientists who were puzzled as to why there were so few whales.

Then around Jan 4 and 5th, a bunch of news stories came out to "deny" the missing whales, and throwing out all kinds of excuses.

Almost 2 weeks have passed since the "Whale Deniers" were trooped out to what we refer to as our mass media.    I did an extensive internet review today, and found no evidence of whales showing up in Hawaii.   You can bet a buck to a dollar that if whales had shown up, it would be plastered all over the news with lots of "I told you so!".

- See more at: http://nukeprofessional.blogspot.com/2016/01/whale-gate-hawaii-whale-cov... Whale Gate -- Hawaii Whale Coverup -- They Have REsorted to Turning Off The Whale Cams We are into the third week of January, and the Humpback whales have still not shown up in Hawaii.  Usually they start showing up in early December.

In late December and early Jan, a few news stories were published showing scientists who were puzzled as to why there were so few whales.

Then around Jan 4 and 5th, a bunch of news stories came out to "deny" the missing whales, and throwing out all kinds of excuses.

Almost 2 weeks have passed since the "Whale Deniers" were trooped out to what we refer to as our mass media.    I did an extensive internet review today, and found no evidence of whales showing up in Hawaii.   You can bet a buck to a dollar that if whales had shown up, it would be plastered all over the news with lots of "I told you so!".

- See more at: http://nukeprofessional.blogspot.com/2016/01/whale-gate-hawaii-whale-cov... Whale Gate -- Hawaii Whale Coverup -- They Have REsorted to Turning Off The Whale Cams We are into the third week of January, and the Humpback whales have still not shown up in Hawaii.  Usually they start showing up in early December.

In late December and early Jan, a few news stories were published showing scientists who were puzzled as to why there were so few whales.

Then around Jan 4 and 5th, a bunch of news stories came out to "deny" the missing whales, and throwing out all kinds of excuses.

Almost 2 weeks have passed since the "Whale Deniers" were trooped out to what we refer to as our mass media.    I did an extensive internet review today, and found no evidence of whales showing up in Hawaii.   You can bet a buck to a dollar that if whales had shown up, it would be plastered all over the news with lots of "I told you so!".

- See more at: http://nukeprofessional.blogspot.com/2016/01/whale-gate-hawaii-whale-cov...

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