Market Collapses

Tyler Durden's picture

Update: Just out from Reuters which could be causing the plunge: No Plans for Financial Assistance for Italy From EFSF

The ES just fell off a cliff. For now there is no news: some speculation attributes the move to news that the supercommittee has been a catastrophic failure and no decision will be reached, but we knew that. Another reason is attributed to Fed member Sandra Pianalto stating that Europe is heading for a recession but that is not news either. Most likely just a case of HFT stop as technicals get hit as the EURUSD slides and selling begets selling. Yes, it is a "broken market" for a reason. Watch for the blame HFT crowd to come out in force in a few minutes on the financial comedy basic cable stations.

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RobotTrader's picture

Complete crash in interest rates.

10-yr. back down to 1.97%

Free money for everyone!

Ahmeexnal's picture

German nuclear powerplant meltdown can no longer be kept under the rug.
Expect Merkel to resign and millions of eurosheeple to find out they have been poisoned.
Nuclear black plague!

aleph0's picture

Link ?
Knew about the iodine .. but so far nobody's owned up !

BaBaBouy's picture

Start The EU Potato(e) Lines ...

BaBaBouy's picture

Free Money Is Coming...


Count on it.


It's that, or worldwide callamity.

TeamDepends's picture

NEWSFLASH:  Presidential "hopeful" Herman Cain just asked a roomful of latinos "How do you say 'delicious' in cuban"?  Our question to Cain is how do you say 9-9-9 in zimbabwean?

common_sense's picture




SheepDog-One's picture

Theyve already flooded the earth with as much free money as anyone could ever print, and yet we're still collapsed. So now what?

Liquid Courage's picture

A little metaphor may be instructive: What happens when the ground [banking system] becomes saturated, and too much water [liquidity] pools up on the surface? Catastrophic collapse by LIQUEFACTION, which is what I visualize when I recall the (semi)famous quote from the '29 Crash: "They held their ground 'til the ground itself gave way beneath them."

tmosley's picture

Who says we can't have both.

NewThor's picture

Doesn't seem like the News supports the crash.

Me thinks that BIG BAD news is coming within the next 36 hours,

and the insiders have that info.

The public doesn't.


TeamDepends's picture

Black Friday?  Commence happy hour in 3 2 1....

common_sense's picture

INSERT COIN BITCHEZ, INSERT COIN...!!!!!!!!!!!!!!!!!!!!!!!!!!!!!!!!!!!!!!!!!!!!!11

LongBalls's picture

Potato lines in Europe equals soup lines in America. This problem is not isolated despite what equities are saying via the DOW. This sum-bish is going to hurt everyone.

Ahmeexnal's picture

First they attempted to fool the sheeple into believing radioactivity rise was due to fecal matter:


Professor Malcolm Sperrin, director of medical physics at Britain’s Royal Berkshire Hospital, said any link with Fukushima was extremely unlikely.

“It is far more likely that the iodine may be as a result of excretion by patients undergoing medical treatment. Whilst such patients are carefully controlled, some release of iodine into the environment may be inevitable but would certainly be well below any limits where health detriment would even begin to be an issue for concern,” he said.


IAEA has now posted a coverup story:

They are now trying to fool the sheeple into believing it was a discharge from a medical plant in Hungary.

It's all extend and pretend, kick the can until the can explodes in your face!

But the clear sign that this is a major event, even WORSE THAN CHERNOBYL is the fact that the Maginot Line has been breached and FRANCE HAS DETECTED INCREASED RADIATION too:

This is just another nail in the coffin for the eurosheeple.

The continent is already poisoned:



gojam's picture

I'm not sure that it could be covered up in Germany. The Greens are in Government and you're talking about a country where every school will have a Geiger counter.

Your Guardian story is from Feb 2008 your IAEA stor is from Sept to now this year.

It's a very big leap you're making.

Ahmeexnal's picture

German companies poison the world with their nuclear powerplants. The Greens? You place your hopes on them?

IAEA press release is from today (nov. 17). Guardian story is from 2008, but was included to point out the fact that nuclear disasters in Europe are swept under a rug.This time would be no different. 

If IAEA "official version" were true, Budapest would be glowing in the dark. Do you trust your elected/unelected officials?

the tower's picture

Awww Ahmeexnal... you really can't wait to see Europe fall... grabbing on to every glimmer of hope... 


It's not gonna happen babe... 


Now get a life.

Ahmeexnal's picture

Euro collapse is nothing new. You must either be a teenager or a brainwashed sheep who believes "all is fine" and whose knowledge of history is limited to last week's VH1 top 10.

Collapse will come again. 


THE SORROW AND THE PITY, a 1969 documentary by french film maker Marcel Ophuls shows truths about collapse that many want to keep  well hidden under the rug.


Hugh_Jorgan's picture

Economic collapse is always unlikely, until it happens.

SheepDog-One's picture

All was well in 2008 too...'contained to sub-prime...nothing to see here'....uh huh.

common_sense's picture


Ahmeexnal's picture

Nuclear meltdown in San Fernando valley.  That would explain why the pr0n industry took over the place.

NotApplicable's picture

Here's the latest.

I just love how they categorically deny it was from Fukushima, "because that was so many months ago." Never mind there is ongoing spontaneous criticality going on STILL. Better yet, at the end of the article they admit that Fuku iodine was detected in Europe after the initial explosions.

Radioactive iodine may only have a half-life of 8 days, but that still gives it about a month before it becomes undetectable. So, if it's shown up once, it is possible that it's still arriving. Especially if they've vented their new tents up the stacks, placing the contamination higher up in the air.

I do not claim to be an expert however, this is just mere logical speculation.

redpill's picture

I wonder how former Robo-darling Travel Zoo is doing these days?

The Big Ching-aso's picture



Correction:   Fuckwad

Fuckwits are funny when fucking.


Deadpool's picture

Like John Cleese in "Meaning of Life". funny stuff.

Humphrey: So, just listen. Now, did I or did I not... do... vaginal... juices?
Pupils: Mmm. Mmm. Yes, sir. Yes, sir.
Humphrey: Name two ways of getting them flowing, Watson.
Watson: R - rubbing the clitoris, sir?
Humphrey: What's wrong with a kiss, boy? Hmm? Why not start her off with a nice kiss? You don't have to go leaping straight for the clitoris like a bull at a gate. Give her a kiss, boy.
Wymer: Suck the nipple, sir?
Humphrey: Good. Good. Well done, Wymer.
Pupil: Uh, stroking the thighs, sir.
Humphrey: Yes. Yes, I suppose so. Hmm?
Pupil: Oh, sir. Biting the neck.
Humphrey: Yes. Good. Nibbling the earlobe, uhh, kneading the buttocks, and so on and so forth. So, we have all these possibilities before we stampede towards the clitoris, Watson.
Watson: Yes, sir. Sorry, sir.

knukles's picture

Fuckstick.  Fuckwit's twin.

Say, betcha next thing to be done is that Uncle Warren, in exchange for supporting the S&P so nicely (An alturistic man if you buy that crap from CNBS, etc.  Who by the way, whilst preaching about free markets, capitalism, hard work, everybody having a shot at being president which has been shown to be true of late, has never ever not bought anything that did not have a great deal of regulatory oversight upon which he could exert influence, aka regulatory capture, to make his deal work, being politically plugged in.)

But back to where we were before I so rudely interrupted myself, so he helps pump the S&P and since it's now having trouble, betcha the next big move is a thank you from DC in the from of a $100,000,00 grant to establish and fund the Jerry Sandusky's Little Boy's Buttball Leagues as an educational tool to get the tots ready for the real world screwing.

(strains of America the Beautiful)

Hugh_Jorgan's picture

I prefer "Shitdick"

(I'm not prone to swearing but in this case I thought I'd off up unused fodder for those who partake freely in the practice."

GenX Investor's picture

TD - Are we sure it's not the 20 year old math PhD's who love charts and determine the future direction of the market?  They must have run out of LONG /es history to keep the market going up?

gojam's picture

If by "debt" you mean hedged leverage.

gojam's picture

If by "hedged leverage" I mean free money.

The circle is completed.............and that's the way the corrupt system works.

bank guy in Brussels's picture

Funny to consider the pricing of Karl Denninger's 'Leverage' book you are recommending there ...

As per your link there on Amazon, hardcover list price US $34.95 (ha!), Amazon selling at 42% off for $20.21 ... other outlets selling it for as low as $17.50 brand new ...

And this is just the first week the book is officially published ... used copies soon perhaps for a buck or two.

Nothing in particular re Denninger, but overall I am not sure we are really in the 'book' era anymore, tho for a guy of Denninger's age it may still seem a big thing to 'publish a book'.

But really today, info on the web is more 'primary' as exemplified by ZeroHedge. Karl Denninger will be more famous (or less) for what's on his website (where Denninger often repeats ZH article topics with no hat tip, instead he quotes the sources cited by ZH, with Denninger sort of pretending like that's where he news - hounded it, ha!)

Books have some use, and indeed I own a few, but I think the kind of books one would buy, own and keep, are much more limited than before. Books on financial topics that get out of date, are not so much in that category.

tekhneek's picture

Right there with you homer...

Tsunami Wave's picture

I gotta give it to you Homer.. you've been bullish with FAZ for a while and it's still going up. Plus you're not being all HoboTrader about it.. Good work.

AbelCatalyst's picture

and YANG...  China could land harder than FAZ - further to fall...

El Viejo's picture

Yeah, and it will negatively affect Aussie mining dramatically too.

El Viejo's picture

Got me some too. A little early, but I'm back even now.

I'm up with VXX and almost even with SDOW.

Ragnar24's picture

And I have puts on UYG... problem is that I've had them for a few weeks! I overestimated the speed at which equities' would be able to recognize risk.... I didn't think it would take a statement by Fitch for them to come to their senses.

El Viejo's picture

The bigger the effect and the more/bigger that bet against it the longer the delay. I admire your patience.

Ragnar24's picture

Patience is the polite term... "stubborn" is probably more accurate since I've spent these weeks screaming at my screen. Thanks though!

The Deleuzian's picture

Gold or the 10-year...Gold or the 10-year...The scales are wobbling...Buy gold have no fear...Better yet, buy silver!