US Equity Market 'Dead-Cat-Bounce'... Dies

"Hope is not an investment strategy..."

Equity futures back to the overnight lows...

And VIX back above 19...


Notably bond and stock prices are back to their negatively correlated regime (bond yields down as stock pries drop)

This is the 5th day of the last 6 where the combined return of bonds and stocks is negative...


manofthenorth Looney Mon, 02/05/2018 - 12:55 Permalink

"Hope is not an investment strategy."

Just do not tell the bagHODLers that, or risk being a peanutz.

Fishing for a $6K handle in BTC today?

$6984 at 9:10 AKDST

$6900 at 9:17

$6767 at 10:20

I guess that WALL of buy orders at $8K was made of straw.

Greed and fear are both powerful motivators but at the end of the day fear trumps greed.

In reply to by Looney

IH8OBAMA mtndds Mon, 02/05/2018 - 13:26 Permalink

This will make you feel better:

When I came home from golf today………
The wife left a note on the fridge:
"It's not working, I can't take it anymore!!
Gone to stay with my Mother."

I opened the fridge, the light came on, and the beer was cold.........

What the hell is she talking about??????

In reply to by mtndds

MK ULTRA Alpha Looney Mon, 02/05/2018 - 12:59 Permalink

ZH, the best doom porn in the business even has a black dead cat, upside down in it's chart. A black dead cat, upside down, is a sign of weak hands folding.

Firm Foundation being mixed with Trump concrete. Next stop, DOW 30,000.

Don't miss the Trump train...


Edit - another good point, from Friday and today's sell off, the US government made tax revenues. An estimate would be around 20% of sell off, over a $100 - $200 billion in new tax revenue.

This is asset reallocation, not selling from a loss.

In reply to by Looney

buzzsaw99 Mon, 02/05/2018 - 12:49 Permalink

the sell side getting cute probably.  it won't work.  when you have to sell, sell.


when you have to shoot, shoot, don't talk.  [/tuco]

Peak Finance Mon, 02/05/2018 - 12:54 Permalink


Let's see if they can NAIL that 666 down again today!



Crash it bitches! I triple dog dare you! I promise this ain't gonna end the way you think!