HYG Plummets The Most In Almost 2 Months As Credit Leads Risk Lower (Again)

Tyler Durden's picture

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Frank N. Beans's picture

is this what you call a big dump?


Tsar Pointless's picture

That was one hell of a dump into the close. Haven't seen one quite like that in some time.

Unless a huge rabbit is pulled out of Bullwinkle's hat between tonight and Friday morning, we could be staring at S&P 1120 Friday afternoon.

Or lower.

SwingForce's picture

Or higher, as PPT entered the ring at 14:26 est. with typical psuedo-capitulation bar, then things went hyper-parabolic UP and the VacTubes cracked at 15:55 and reset the sequence. The RunStop mode to new lows was activated. Ain't NOBODY left long for Friday, when they will all be chasing that bus...Dashing Dan was the logo for the Long Island RailRoad back in the '70's- he was chasing the train as it left the station.... Happy Thanksgiving folks! Being stopped out is the most relaxing way you'll spend the holiday, be thankful. Seriously.

Bullwinkle? Do you remember Felix the Cat's "bag of tricks"? Have a good one, TP.

I haven't seen 1 minute bars like that since Global Crossing went tits up, and that still holds the record.

Let them eat iPads's picture

Happy Thanksgiving everyone!

Mike2756's picture

Eurobonds doa again? Especially after the Dexia fiasco.

tempo's picture

The lessons are clear...TSY downgraded, rates down...deficits higher/lower growth/supercommittee fails....rates down. Deficits don't matter, the political parties have their talking points and as long as rates decline, there will be no change, except for more spending. Another downgrade and rates will decline more. A larger deficit and rates will decline more. The lessons are clear.

James T. Kirk's picture

A larger deficit and rates will decline more. The subliminal lessons being programmed into sheeple psyche are clear.

There, fixed it for ya.

luna_man's picture

Nope, I don't think, that turkey is gonna taste the same...


Should have bought duck! 

bmwm395's picture

This MKT is looking like a big turkey


gigeze787's picture

Could someone please explain the divergence between the TLT and BND over the past week? I realize TLT is more leveraged due to average yield-to-maturity, but it seems that BND has underperformed even when taking into account YTM.

mynhair's picture

Thanks CC and Tyler, for these posts.

Have a Happy Thanksgiving, if you celebrate it!

slewie the pi-rat's picture

an attractive macro-overlay into a long weekend of possibilities?

well, go for it, tyler!

WhiteNight123129's picture

The ugliest industrial commodity is ... Iron ore, the exposed to China's fiat indulged growth "miracle". Specially the one from Brasilwhich suffers from a large transportation cost disadvantage.

ToNYC's picture

HYG is not plain vanilla, and as a derivative, is subject to perturbations by invisible perpetrators. ETFs are more than you thought away from you, and less than you thought for you.

Ku's picture

I guess if you follow 1-min bars the close was dramatic but it don't look unusual on hourly bars or in relation to the day 

Grand Supercycle's picture

USD selling pressure continues and the prospect of an equity xmas rally and EURUSD bullish spike returns.