Futures Sliding After-Hours As Volatility Resumes Rise

Just when you thought it was over, the late-day tumble in stocks and surge in volatility has extended after-hours with Dow futures tumbling and XIV notably lower (VXX higher)...

As XIV drops, VXX is also rising notably...


All major US equity futures are down...


eclectic syncretist davatankool Wed, 02/07/2018 - 17:30 Permalink

The Fed is in an interest rate tightening cycle, the Fed is dumping US Treasuries and MBS off its balance sheet (acquired from the downturn of the last bubble it blew), other countries are moving away from the dollar, the US government is running up the debt like last call will never come, and the banksters who conned us all less than a decade ago want me to believe everything's ok and under control, and I shouldn't tell my loved ones to pull their 401k's out and turn them into physical gold that they can store at home.

Got it. Your message kindly received. Will piss all over it shortly. Thanks. 

In reply to by davatankool

Yen Cross Wed, 02/07/2018 - 17:31 Permalink

  I flipped over to the blow-horn, and Bob Pissonme was giving his t/a on cryptos.

  What a clown-show. Bob knows about as much about cryptos as he does about piloting a Space-X rocket.

  He's looking for moar useless idiots to pimp shit to, because the CNBS viewership consists of about three barking dogs.

cougar_w Wed, 02/07/2018 - 17:31 Permalink

It can bounce around like this for a week, but I seriously expect stawks to go right back up in short order.

It cannot stay up forever of course, but we've not seen a reason for it to drop like a stone and stay down, not yet. Not sure what that event will look like -- nobody can know -- but we're not there yet. We might be a couple years out, in fact.

I'm thinking, something along these lines (pick your poison):

-- very serious crack-up in the energy sector.

-- messy and very public Lehman-like implosion of one or more influential banks, with no taxpayer bailout.

-- one or more central banks breaking ranks and doing something thermo-nuclear involving currencies or LIBOR.

So, the usual suspects. But for now, all seems quiet on the western front.


Hongcha cougar_w Wed, 02/07/2018 - 18:15 Permalink

Agreed Cougar. It is to many powerful people's advantage to float this thing, sawtooth it now and again (like now) and take it back up. Keeps pension funds afloat, just for starters. Makes taxpayers happy campers. Supports RE.

It's a good trading environment if one can time it and not get greedy.

I still maintain that (1) nuclear bomb goes off, and we start down the steep part of the flush to the Dark Ages. By 'we' I mean, the world.

But for now the party continues.

In reply to by cougar_w

adr Wed, 02/07/2018 - 18:18 Permalink

How can a terminated security continue to trade and influence the market?

A dead item with a known termination value was able to add what, 1000 points to the market.

quasi_verbatim Wed, 02/07/2018 - 18:21 Permalink

Plunge Perfection Team, Plunge Perfection Team, came back in with a pocket of tin

Oh the do dah day.

Goin' to short all night, goin' to short all day, you bet your money on a bobtailed nag

PPT bet on the bay.