Crude Carnage Slams Stocks To Longest Losing Streak In 36 Years

Tyler Durden's picture

What else was there for today...


After 8 losing days in a row, the battle was on today to avoid 9 in a row.. AND THEY FAILED - this 9-day losing streak  is something that has not happened since Dec 1980


VIX was up 8 days in a row before today (touching 22.99) - A mini flash crash struck as payrolls printed but all efforts were in place to try and get S&P green. Today's positive VIX close is the 9th in a row - an all time record streak.


Everyone and their pet rabbit is hedging...

VIX term structure is the most inverted since Brexit (and the Aug 2015 crash)


Implied Correlation spikes (massive macro overlays being put on in equities)


And short-term Peso vol has exploded to Lehman levels...


Following Q3's biggest short-squeeze in 7 years, the first month of Q4 has seen "Most Shorted" stocks collapse, erasing all Q3's gains...

*  *  *

On the day, Nasdaq was the laggard...


Stocks are down on the week... (apart from Trannies), led by Nasdaq on FANG Fallout... Nasdaq's worst week in 9 months


Camera On A Stick crashed, smashed, and then crashed again...


All major US equity indices are down year-over-year, and are rapidly giving up year-to-date gains...


Treasury yields slid all week (but the long-end underperformed the belly post-Fed, post-payrolls)...


The USDollar Index tumbled 1.3% on the week - the worst week in over 3 months...


Cable and Swissy were best among the majors...


As cable soared the most since Oct 2009...


But all eyes were on the peso as it dumped and pumped...


The Dollar's ugly week provided support for PMs (and Copper) as crude plunged...


Copper has now risen 10 days straight - the longest streak in 2 years...


WTI Crude managed to close just above $44.00 but ended the week down almost 10% - its worst week since January...


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Kaiser Sousa's picture

“Dear Presidents Working Group On Financial Markets (Plunge Protection Team),
Thank you for your valiant efforts to regain 18,000 on the Dow Jones Propaganda Index, rescue the other Fraud Indices, and providing Ameridumb with another “Happy Ending Friday” on ABSOLUTELY NO POSITIVE MARCO-ECONOMIC DATA OR NEWS WHATSOFUCKINGEVER”…

here’s some of what I discovered today…
"No resident of this city, regardless of where he or she lives, can claim to be unaware of the growing catastrophe of homelessness in Los Angeles. Few of us have not stepped over a homeless person in recent months or brushed past a panhandler or given a wide berth to a  mentally ill street person wrestling with unseen enemies in a public space. It is impossible now to ignore the burgeoning tent cities and sprawling encampments.”

and then of course here on ZH there was all this…

and then as Dick Vermeil would say - “LAYOFFS?… LAYOFFS?… YOU WANNA TALK TO ABOUT LAYOFFS???”…
"The company, which did not respond to questions about how many employees were axed or the terms of their exit, began the layoffs Wednesday and was expected to continue them through Thursday, a laid-off employee told IndyStar on condition of anonymity.”
"Hundreds of CVS Health employees in Rhode Island and several other states are learning Thursday they no longer have a job. The Woonsocket-based company announced it’s laying off 600 workers, including 250 in Rhode Island. Layoffs will affect workers from entry-level jobs all the way up to senior management, according to Senior Communications Director Mike DeAngelis.”

"ING Group's plans to shed 7,000 jobs and invest in its digital platforms to make annual savings of 900 million euros ($1 billion) by 2021, drew swift criticism from unions of the Netherlands' largest financial services company on Monday.”

Ameridumb is only a few days away from its further descent into its hellish abyss…
to all brethren in Sound Money, and of similar mind and spirit remember:
knowledge…understanding…courage…and conviction…

"And if Satan is casting out Satan, he is divided and fighting against himself. His own kingdom will not survive.”
 - Matthew 12:26 -


Bush Baby's picture

Can we make it 10 in a row?

Kaiser Sousa's picture

wont matter...

the markets r propaganda tools...

nothing more...

look around you...does what u see correspond with the fucking Fraud Markets?????


jmack's picture

  you are like the comment thread equivalent of the scary clown craze.  but you are funny because your  cleaver is only virtual.

Say What Again's picture

Hey Kave Man,

How long did it take you to draft that memo?

I'm curious... Do you sit with your finger on the refresh button of the web page, or do you use a JAVA app to refresh and post?

Say What Again's picture

I still code in SNOBOL.  The pattern matching algorithm is great. 

Say What Again's picture
The Constitution of the United States Preamble Note

We the People of the United States, in Order to form a more perfect Union, establish Justice, insure domestic Tranquility, provide for the common defence, promote the general Welfare, and secure the Blessings of Liberty to ourselves and our Posterity, do ordain and establish this Constitution for the United States of America.

Article I - The Legislative Branch Note

Section 1 - The Legislature

All legislative Powers herein granted shall be vested in a Congress of the United States, which shall consist of a Senate and House of Representatives.

Section 2 - The House

The House of Representatives shall be composed of Members chosen every second Year by the People of the several States, and the Electors in each State shall have the Qualifications requisite for Electors of the most numerous Branch of the State Legislature.

No Person shall be a Representative who shall not have attained to the Age of twenty five Years, and been seven Years a Citizen of the United States, and who shall not, when elected, be an Inhabitant of that State in which he shall be chosen.

(Representatives and direct Taxes shall be apportioned among the several States which may be included within this Union, according to their respective Numbers, which shall be determined by adding to the whole Number of free Persons, including those bound to Service for a Term of Years, and excluding Indians not taxed, three fifths of all other Persons.) (The previous sentence in parentheses was modified by the 14th Amendment, section 2.) The actual Enumeration shall be made within three Years after the first Meeting of the Congress of the United States, and within every subsequent Term of ten Years, in such Manner as they shall by Law direct. The Number of Representatives shall not exceed one for every thirty Thousand, but each State shall have at Least one Representative; and until such enumeration shall be made, the State of New Hampshire shall be entitled to chuse three, Massachusetts eight, Rhode Island and Providence Plantations one, Connecticut five, New York six, New Jersey four, Pennsylvania eight, Delaware one, Maryland six, Virginia ten, North Carolina five, South Carolina five and Georgia three.

When vacancies happen in the Representation from any State, the Executive Authority thereof shall issue Writs of Election to fill such Vacancies.

The House of Representatives shall chuse their Speaker and other Officers; and shall have the sole Power of Impeachment.

glenlloyd's picture

It's always a good day when you get to see the barfing clown!

I have to believe that Monday will be a very volatile day with election Tuesday and terror threats.

gregga777's picture

Tent cities and shanty towns are so 1930's.


The proper names for the booming tent cities and shantytowns housing homeless Americans all across America are, generically: OBAMAVILLES.

For example: Portland OBAMAVILLE East, Portland OBAMAVILLE WEST; Seattle OBAMAVILLE Downtown, University of WA OBAMAVILLE; Dallas OBAMAVILLE; New York City OBAMAVILLE 1,2,3,4; etc.

Please make note of that for use in all future correspondence and conversations. Your attention to this matter is highly appreciated. This is the true Obama LEGACY.

Thank you.

walküre's picture

Obamaville tsk tsk .. no such thing according to the propaganda

"America is already great. America is already strong. And I promise you our strength, our greatness does not depend on Donald Trump"

Traitor, cheater and liar Barrack Hussein Obama illegitimate President.

Trump 2016 - now or never

Traderone's picture

'' providing Ameridumb with another “Happy Ending Friday” on ABSOLUTELY NO POSITIVE MARCO-ECONOMIC DATA OR NEWS WHATSOFUCKINGEVER”…

eh, the markets closed in the red. Do you even look at the markets before posting your total Bullshit? If one must persist in playing to the Gallery could you at least write something that reflects reality, even slighty?

Say What Again's picture

Expecting da Kave Man to draft ANYTHING original is like asking a carp to walk on land.

Arnold's picture

"Zombie carp can walk on land and will force their way into your bedroom while you sleep...."


debtor of last resort's picture

ks IS posting reality asshole.

Even you will get it, eventually.

jmack's picture

lol, Sousa and reality DO NOT play well together.

Say What Again's picture

This all happened because of John Law promoted FIAT currency.

    It was the best of times,
    it was the worst of times,
    it was the age of wisdom,
    it was the age of foolishness,
    it was the epoch of belief,
    it was the epoch of incredulity,
    it was the season of Light,
    it was the season of Darkness,
    it was the spring of hope,
    it was the winter of despair,

we had everything before us, we had nothing before us, we were all going direct to Heaven, we were all going direct the other way— in short, the period was so far like the present period, that some of its noisiest authorities insisted on its being received, for good or for evil, in the superlative degree of comparison only.

There were a king with a large jaw and a queen with a plain face, on the throne of England; there were a king with a large jaw and a queen with a fair face, on the throne of France. In both countries it was clearer than crystal to the lords of the State preserves of loaves and fishes, that things in general were settled for ever.

It was the year of Our Lord one thousand seven hundred and seventy-five. Spiritual revelations were conceded to England at that favoured period, as at this. Mrs. Southcott had recently attained her five-and-twentieth blessed birthday, of whom a prophetic private in the Life Guards had heralded the sublime appearance by announcing that arrangements were made for the swallowing up of London and Westminster. Even the Cock-lane ghost had been laid only a round dozen of years, after rapping out its messages, as the spirits of this very year last past (supernaturally deficient in originality) rapped out theirs. Mere messages in the earthly order of events had lately come to the English Crown and People, from a congress of British subjects in America: which, strange to relate, have proved more important to the human race than any communications yet received through any of the chickens of the Cock-lane brood.

France, less favoured on the whole as to matters spiritual than her sister of the shield and trident, rolled with exceeding smoothness down hill, making paper money and spending it. Under the guidance of her Christian pastors, she entertained herself, besides, with such humane achievements as sentencing a youth to have his hands cut off, his tongue torn out with pincers, and his body burned alive, because he had not kneeled down in the rain to do honour to a dirty procession of monks which passed within his view, at a distance of some fifty or sixty yards. It is likely enough that, rooted in the woods of France and Norway, there were growing trees, when that sufferer was put to death, already marked by the Woodman, Fate, to come down and be sawn into boards, to make a certain movable framework with a sack and a knife in it, terrible in history. It is likely enough that in the rough outhouses of some tillers of the heavy lands adjacent to Paris, there were sheltered from the weather that very day, rude carts, bespattered with rustic mire, snuffed about by pigs, and roosted in by poultry, which the Farmer, Death, had already set apart to be his tumbrils of the Revolution. But that Woodman and that Farmer, though they work unceasingly, work silently, and no one heard them as they went about with muffled tread: the rather, forasmuch as to entertain any suspicion that they were awake, was to be atheistical and traitorous.

In England, there was scarcely an amount of order and protection to justify much national boasting. Daring burglaries by armed men, and highway robberies, took place in the capital itself every night; families were publicly cautioned not to go out of town without removing their furniture to upholsterers’ warehouses for security; the highwayman in the dark was a City tradesman in the light, and, being recognised and challenged by his fellow-tradesman whom he stopped in his character of “the Captain,” gallantly shot him through the head and rode away; the mail was waylaid by seven robbers, and the guard shot three dead, and then got shot dead himself by the other four, “in consequence of the failure of his ammunition:” after which the mail was robbed in peace; that magnificent potentate, the Lord Mayor of London, was made to stand and deliver on Turnham Green, by one highwayman, who despoiled the illustrious creature in sight of all his retinue; prisoners in London gaols fought battles with their turnkeys, and the majesty of the law fired blunderbusses in among them, loaded with rounds of shot and ball; thieves snipped off diamond crosses from the necks of noble lords at Court drawing-rooms; musketeers went into St. Giles’s, to search for contraband goods, and the mob fired on the musketeers, and the musketeers fired on the mob, and nobody thought any of these occurrences much out of the common way. In the midst of them, the hangman, ever busy and ever worse than useless, was in constant requisition; now, stringing up long rows of miscellaneous criminals; now, hanging a housebreaker on Saturday who had been taken on Tuesday; now, burning people in the hand at Newgate by the dozen, and now burning pamphlets at the door of Westminster Hall; to-day, taking the life of an atrocious murderer, and to-morrow of a wretched pilferer who had robbed a farmer’s boy of sixpence.

All these things, and a thousand like them, came to pass in and close upon the dear old year one thousand seven hundred and seventy-five. Environed by them, while the Woodman and the Farmer worked unheeded, those two of the large jaws, and those other two of the plain and the fair faces, trod with stir enough, and carried their divine rights with a high hand. Thus did the year one thousand seven hundred and seventy-five conduct their Greatnesses, and myriads of small creatures—the creatures of this chronicle among the rest—along the roads that lay before them.

bubblegun terrorist's picture

Whew! Thats a whole lot of writting there!

The cruelest thing you could do to someone you've kept locked in a room is press their face against the window.

Almost Solvent's picture

Great post - but it was the immortal Jim Mora (Sr.) with the playoffs quote.


Also, can't wait for cankles and crew to get arrested, then we can quote the immortal Denny Green "They were who we thought they were!"

Kaiser Sousa's picture

u r correct...

sorry i screwed the author of the qoute up..

my bad...

Say What Again's picture

Why are you sorry that you screwed the author.  We hear you're into that kinda thing. Was is not as good as you expected?

Say What Again's picture

Come on Kave Man.  How can you say there was no news WHATSOFUCKINGEVER?





brada1013567's picture

I am thinking he actually does not read ZH even though he posts here every day.

Say What Again's picture


brada1013567's picture

It is hard to read by candle light from the bunker.

Say What Again's picture

He reminds me of the mentally handicapped kid in high school that everyone would cheer on, trying to get him to do even more stupid stuff.

brada1013567's picture

With that in mind I will go into the weekend flat and happy.

debtor of last resort's picture

News was the same as ever nigger. As was ks's post. That's the fucking point.

blue51's picture

Bad word, even worse to use it here.

Say What Again's picture

You stupid kracker.  We never use "er" on da end of dat word.

cognitive dissident's picture

(that NFL coach was Indy's Jim Mora sr.... just sayin')

NOW... continue please kaiser!


Zandig Slaytanic's picture

Seems the "traders" here lost money Kaiser. It's obvious by the replies.

Say What Again's picture

Really?  I'm a trader, and I had a GREAT week -- thank you for asking.  Real traders know how to make money in Bull AND Bear markets.  I actually make more money in Bear markets, because there is moar volatility and things move quickly to the downside.

walküre's picture

easy come, easy go

enjoy it while it lasts

money is worthless and the system will implode in our lifetime.

nowhere to hide unless you're of the 0.01%

Traderone's picture

Amen Brother but as I always say, as long as these guys are around then it is safe to trade. It's nice to know the calibre of those on the opposite side of your trade. Know thine enemy etc.

Say What Again's picture

Good point.  I hope the Kave man can russtle up some more counter-parties to my action.

TradingTroll's picture

Yeah it's true. This market has delivered bear opportunities in US indexes in spades too. Jan 2016 was good, Aug 2015 was great and the v-shaped bottom in the fall of 2014 was fun.

I'm sitting on a 20% return across my entire account from bear trades put on in Aug 2016. XOM and QQQ shorts did the best this week.

MEFOBILLS's picture

When you short, somebody is losing on the other end.  That somebody is probably a laboring working stiff who can only put his "wealth" into his 401K.  

Poor people and much of the middle class cannot afford "assets."


Congratulations.   Finance is theft.

Squid Viscous's picture

Say What maybe i will bump into you fly fishing in that "secret" spot?

and we can bullshit about what great traders we are, in any market, lol

what a dick

Kaiser Sousa's picture

oh, no never that...

but i am surprised they continue to take time out to follow me around here like school girls with a big crush instead of continuing to party from their mansions and yachts...

oh well.

AlexCharting's picture

Don't get too complacent KS. As you have observed, there is a rising tide of TRADERS on ZH... times are a changing. Your getting more dislikes now then you ever did inn the past, which is quite a feat given that Gold and Silver appears to have entered a new bull-market. 

Kaiser Sousa's picture

"Your getting more dislikes now then you ever did inn the past..."

how will i ever again sleep at night given this unbearable shame...

im sorry, what was that - i dozed off.

AlexCharting's picture

I got calls on SPXS and SQQQ.... doing pretty well today. 

Kaiser Sousa's picture

"In our artificial economy real things do not matter so much, but politics and perceptions of the public are almost everything.  And so the 'Goldilocks' Jobs Report, which is how the business TV channels described that lukewarm piece of dreck, did little to rally the markets except fleetingly intraday. Once again the financiers bowed to their fears of the upcoming presidential election, that something might happen that will upset their status quo.

 Not the status quo— theirs.

Gold therefore rallied along with the Swiss franc, while the VIX climbed and stocks continued to extend their streak of weakness along with la douleur du monde. The results the market want to see next week is a decisive win by Hillary, but with a Republican dominated Congress. I think the reason that the financiers and their ruling elite would like to see this outcome is fairly obvious.

And the rest of the world, with a shudder, turns to find safe havens from this madness."

Say What Again's picture

BFD!  You can cut and past from one web site to another.  How about some original content or analysis?

Kaiser Sousa's picture

"It is important to keep in mind that stalkers are not always individuals who are suffering from mental health or personality disorders, but that the possibility is very high. Most stalkers fit the criteria of sociopaths and narcissists. They are charmers, they have a way with words (although their words are often shallow and insincere)..."