• Sprott Money
    05/06/2016 - 06:03
    The US, in its own decline, is showing this same self-destructive tendency. The worse things get, the greater the inclination of the citizenry to say, “Carry on, everything’s fine.”

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

Tyler Durden's picture

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Wed, 11/23/2011 - 17:10 | 1908345 Frank N. Beans
Frank N. Beans's picture

is this what you call a big dump?


Wed, 11/23/2011 - 17:32 | 1908460 SwingForce
SwingForce's picture

Yeah, the colon blew out. 

Wed, 11/23/2011 - 23:38 | 1909355 covert
covert's picture

keep the defaults coming



Wed, 11/23/2011 - 17:11 | 1908352 Tsar Pointless
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.

Wed, 11/23/2011 - 17:31 | 1908455 SwingForce
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.

Wed, 11/23/2011 - 17:11 | 1908355 Let them eat iPads
Let them eat iPads's picture

Happy Thanksgiving everyone!

Wed, 11/23/2011 - 17:13 | 1908370 Mike2756
Mike2756's picture

Eurobonds doa again? Especially after the Dexia fiasco.

Wed, 11/23/2011 - 17:16 | 1908376 tempo
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.

Wed, 11/23/2011 - 17:28 | 1908435 James T. Kirk
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.

Wed, 11/23/2011 - 17:19 | 1908392 luna_man
luna_man's picture

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


Should have bought duck! 

Wed, 11/23/2011 - 17:22 | 1908412 bmwm395
bmwm395's picture

This MKT is looking like a big turkey


Wed, 11/23/2011 - 17:30 | 1908448 gigeze787
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.

Wed, 11/23/2011 - 17:30 | 1908449 mynhair
mynhair's picture

Thanks CC and Tyler, for these posts.

Have a Happy Thanksgiving, if you celebrate it!

Wed, 11/23/2011 - 17:59 | 1908532 slewie the pi-rat
slewie the pi-rat's picture

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

well, go for it, tyler!

Wed, 11/23/2011 - 20:33 | 1908958 WhiteNight123129
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.

Wed, 11/23/2011 - 23:40 | 1909356 ToNYC
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.

Thu, 11/24/2011 - 00:45 | 1909550 Ku
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 

Thu, 11/24/2011 - 04:30 | 1909995 Grand Supercycle
Grand Supercycle's picture

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


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