Stocks Slammed At Open For 5th Straight Day

After yet another overnight squeeze, the S&P 500 is back in the red as for the fifth day in a row, US equity markets are seeing aggressive rug-pulling around the opening of the cash session...

 

1

Treasuries are bid once again and the dollar continues to freefall.

1

Comments

GUS100CORRINA takeaction Dec 29, 2017 10:17 AM Permalink

I will tell you what is NOT getting slammed: Natural Gas (UGAZ)

UGAZ is up over 50% in four days after a reverse split. UGAZ is making BITCOIN volatility look tame.

People's UTILITY BILLS in the east are going to the moon ... not good for the economy. I estimate that bills could increase by as much as 300% based on futures pricing!!

In reply to by takeaction

Bemused Observer Dec 29, 2017 10:34 AM Permalink

There may not be a market "crash" like many expect, you know. It COULD very well be more like a slow but relentless bleed. There are entities that have an interest in NOT seeing a major crash, and they could prop things up just enough to prevent a 'crash', but not enough to stop the hemorrhage. Over time, it could add up, almost unseen, for awhile until someone finally looks at a chart and goes, "Whoa..."

We could suffer through an extended period where markets head down relentlessly, but too slowly to panic anyone, for awhile. Trump tweets and Fed excuses will buy some time, but eventually the 'herd' will understand that something has changed, and then the panic will come.

HominyTwin Dec 29, 2017 3:54 PM Permalink

Action at open is retail. Cramer-tards, colonoscopers, fake-boob sculptors, liposuctioners, GS58s and other gov drones; court wankers, real-estate humpers, and all the over-paid racket sponges that multiply when deficits are high and interest rates low.

 

They put in their market orders before they schlup off to their miserable, overpaid, wanker jobs, because, you know, what would the world do without another colonoscopy?