Submitted by Tyler Durden on 08/21/2015 - 12:33 Dow Theory flashes sell signal. S&P 500, NYSE & Russell 2000 all closed below key supports.
No tactical capitulation. Not 90% down. ARMS below 2.0. 10-day total put/call ratio not showing panic. But VXV/VIX oversold.
by Michael Snyder, The Economic Collapse Blog:
What has been happening on Wall Street the past few days has been
nothing short of stunning. On Thursday, the Dow Jones Industrial
Average plummeted 358 points. It was the largest
single day decline in a year and a half, and investors are starting to
panic. Overall, the Dow is now down more than 1300 points from the peak of the market. Just yesterday, I wrote about all of the experts that are warning about a stock market crash in 2015,
and after today I am sure that a lot more people will start jumping on
the bandwagon. In particular, tech stocks are getting absolutely
hammered lately. The Nasdaq has fallen close to 3.5% over the past two
days alone, and it has dropped below its 200-day moving average. The
Russell 2000 (a small-cap stock market index) is also now trading below
its 200-day moving average. What all of this means is that the stock
market crash of 2015 has already begun. The only question left to
answer at this point is how bad it will ultimately turn out to be.
When stocks were booming, tech stocks were leading the way up.
Read More…
What has been happening on Wall Street the past few days has been
nothing short of stunning. On Thursday, the Dow Jones Industrial
Average plummeted 358 points. It was the largest
single day decline in a year and a half, and investors are starting to
panic. Overall, the Dow is now down more than 1300 points from the peak of the market. Just yesterday, I wrote about all of the experts that are warning about a stock market crash in 2015,
and after today I am sure that a lot more people will start jumping on
the bandwagon. In particular, tech stocks are getting absolutely
hammered lately. The Nasdaq has fallen close to 3.5% over the past two
days alone, and it has dropped below its 200-day moving average. The
Russell 2000 (a small-cap stock market index) is also now trading below
its 200-day moving average. What all of this means is that the stock
market crash of 2015 has already begun. The only question left to
answer at this point is how bad it will ultimately turn out to be.When stocks were booming, tech stocks were leading the way up.
Read More…
VIX Sept 50 Calls In Play: Someone Is Buying Market Collapse Insurance
Submitted by Tyler Durden on 08/21/2015 - 11:58 's amazing to think that just earlier this week VIX traded at 13: as of this moment it is up nearly 100% since Tuesday (and all those 'sure thing' shorters of VXX are about to get some very unpleasant margin calls). But what would be far scarier is if whoever is suddenly offering a nickel for the VIX Sept 50 calls actually knows something.
WTI Crude Breaks Below Historic $40 Level, Energy Credit Spikes To Record Highs After Rig Count Rise
Submitted by Tyler Durden on 08/21/2015 - 13:04 Well, we have a winner - Oil broke to a 3 handle before 10Y rates hit a 1 handle (just - 10Y at 2.04%) following the 5th weekly rise in rig count (+2 to 674). Energy credit risk is soaring to record highs as investors realize 'there will be blood' in all those highly-levered loans. This is the first time the front-month crude contract traded below $40 since March 3rd 2009... just before QE was unleashed in all its asset-inflating, malinvestment-driving, zombifying glory...
One Week Later: China's Currency War Leads To Global FX Carnage
Submitted by Tyler Durden on 08/21/2015 - 12:18 One of the big problems with China's FX move is that although they've "only" seen a 3% currency fall (in the onshore Yuan) since their announcement last week, as Deutsche's Jim Reid explains... others have subsequently followed suit either deliberately or via market pressure. Emerging Market FX has been falling for 9 straight weeks but the last 2 have seen a dramatic escalation in the carnage...
Plunge Protection Teams Of The World, Unite!
Submitted by Tyler Durden on 08/21/2015 - 11:48 Central bankers are watching Marx's dictum all that is solid melts into air play out in global stock markets with a terror informed by the scalding memories of 2008's global financial meltdown. The herd must be turned away from selling by any means available, and at this point, that means coordinated buying by all the world's Plunge Protection Teams.
Blood On The Streets Of Europe - Stocks Crash By Most In 4 Years, Bond Risk Surges
Submitted by Tyler Durden on 08/21/2015 - 11:31 Carnage - everywhere. A surging EUR - as CNH carry traders unwind en masse - has led to an unwind across most risky assets in Europe. This week saw EuroStoxx 600 - the broad index - crash almost 6%, its biggest drop since September 2011. Perhaps most stunningly, Germany's DAX was the biggest loser - collapsing 7.4% on the week. European bonds are are also seeing risk increase dramatically with Portugal and Italy worst (aside from Greece's blowout). Europe's VIX topped 30 this week, as US VIX surges.
Is The Oil Crash A Result Of Excess Supply Or Plunging Demand: The Unpleasant Answer In One Chart
Submitted by Tyler Durden on 08/21/2015 - 11:25 Courtesy of the following chart by BofA, we have the answer: while for the most part of 2015, the move in the price of oil was a combination of both supply and demand, the most recent plunge has been entirely a function of what now appears to be a global economic recession, one which will get far worse if the Fed indeed hikes rates as it has repeatedly threatened as it begins to undo 7 years of ultra easy monetary policy.
S&P 500 Breaks Below 2,000, Crashes Into Red Year-Over-Year
Submitted by Tyler Durden on 08/21/2015 - 11:12 The S&P 500 index has broken below the crucial psychological 2,000 level for the first time since late January. This is the biggest collapse in stocks since June 2013 (bigger than October's plunge - which was only rescued by Bullard's threat of QE4). What is perhaps most worrisome for the trend-followers - the S&P is now down year-over-year for the first time since May 2012... which once again brought The Fed out with moar QE.
Russell Napier Lays Out The Trigger For The Next Emerging Market Crisis
Submitted by Tyler Durden on 08/21/2015 - 11:06 "I have learnt from history that it is very hard working out what the trigger is. In 2008, it was the collapse of Lehman Brothers that triggered a credit crunch. Now it could be a major event in Turkey or a default of the Brazilian oil company Petrobras or some event in Malaysia. But if I have to pick one I would say it is Turkey introducing capital controls. Such controls will mean that Turkey will not pay back principals amounting to 400 Bio. $ and the interests on it." - Russell Napierfiled under (unt
from The Sleuth Journal:
Once upon a time a unique Republic was a country where the rule of law
maintained at least the appearance of constitutional government. The
role of the US Attorney General was based upon enforcing accountability
for government officials who broke statues. America like all other
countries always had their share of crooks and thieves in public office.
In spite of this, reasonably clear standards for prosecution were
honored and appropriate indictments would follow. Politicizing the
Department of Justice was not the measure of filing criminal charges.
Today, any thinking and informed person will conclude that justice is seldom achieved when the AG operates as a political tool for the government protection racket.
Read More
Once upon a time a unique Republic was a country where the rule of law
maintained at least the appearance of constitutional government. The
role of the US Attorney General was based upon enforcing accountability
for government officials who broke statues. America like all other
countries always had their share of crooks and thieves in public office.
In spite of this, reasonably clear standards for prosecution were
honored and appropriate indictments would follow. Politicizing the
Department of Justice was not the measure of filing criminal charges. Today, any thinking and informed person will conclude that justice is seldom achieved when the AG operates as a political tool for the government protection racket.
Read More
You've Been Warned: Spotify Wants To Spy On You In Every Way Imaginable
Submitted by Tyler Durden on 08/21/2015 - 10:47 "Music streaming market leader Spotify has decided that it wants to know a lot more about you. It wants to be able to access the sensor information on your phone so it can determine whether you’re walking, running or standing still. It wants to know your GPS coordinates, grab photos from your phone and look through your contacts too. And it may share that information with its partners, so a whole load of companies could know exactly where you are and what you’re up to."
from Zero Hedge:
“SPOT GOLD: Runnin “Smack” Into Long Term Resistance: We turned supportive of gold several weeks ago rather publically [ZH: sic],
but now gold in US dollar terms is running into what we fear shall be
formidable resistance… with the margin clerks around the world looking
to sell gold to raise liquidity as stocks come under very real
pressure.” – Dennis Gartman
Read More
“SPOT GOLD: Runnin “Smack” Into Long Term Resistance: We turned supportive of gold several weeks ago rather publically [ZH: sic],
but now gold in US dollar terms is running into what we fear shall be
formidable resistance… with the margin clerks around the world looking
to sell gold to raise liquidity as stocks come under very real
pressure.” – Dennis GartmanRead More
Another Black Swan? Syriza Outcasts Form New Political Party, Will Push For Grexit
Submitted by Tyler Durden on 08/21/2015 - 10:11 Members of Syriza's Left Coalition, led by Panagiotis Lafazanis who once plotted to storm the Greek mint, seize the country’s reserves, and arrest central bank governor Yannis Stournaras, have broken away and formed their own political party which they say will support Grexit and stand firm in the face of German "blackmail."
US Manufacturing PMI Tumbles To 22 Month Low: "Lack Of Growth" And Deflation Blamed
Submitted by Tyler Durden on 08/21/2015 - 09:57 “August’s survey highlights a lack of growth momentum and continued weak price pressures across the U.S. manufacturing sector, which adds some fuel to the dovish argument as policymakers weigh up tightening policy in September. With the headline PMI swiftly losing ground after a modest rebound during July, the latest figure now points to the weakest overall pace of manufacturing growth for almost two years."
Biotechs Enter Bear Market, Break Key Technical Support - Yellen Capital Waves It In
Submitted by Tyler Durden on 08/21/2015 - 09:48 Somewhere Janet Yellen is smiling a "told you so" grin as she watches the "stretched valuations" of the Biotech index get slashed. Biotechs are now down 22% from the highs - officially a bear market - and just broke the crucial 200-day moving average for the first time in 10 months...
VIX Explodes To February Highs, Term Structure Inverts
Submitted by Tyler Durden on 08/21/2015 - 09:41 Well that escalated quickly...
S&P 500 Crashes Near 2,000 "Maginot" Line - Gives Up All Post-QE3 Gains
Submitted by Tyler Durden on 08/21/2015 - 09:36 The carnage continues to roll around the world as Asia and Europe react to US weakness which reacted to China weakness and now US is retumbling on fresh China weakness as the global carry trade unwinds across every asset class...
The on-the-ground reporting of troubling Jade Helm related activities
are not dissipating. Every day, my email is filled with eyewitness
accounts and photos sent to me by Americans who are alarmed and shocked
at what is going on inside of their country. The unwarranted and
unprecedented martial activities, resulting from Jade Helm, are serving
to both anger and wake up American citizens who, otherwise, would not be
paying attention.In this update of nefarious Jade Helm activities, more Walmart plumbing issues are being reported, closed malls are having expensive guard towers retrofitted on the structures, but the most concerning development is the seemingly unlimited amount of mass casualty medical vehicles being spotted all across the country! This article provides a snapshot of each of these areas of concern with examples from domain of interest. And the majority of the concerning Jade Helm reports I receive are coming from Texas.
Read More
from TruthStreamMedia:
Did democracy just get downgraded (yet again)?
Social engineering is now a dated practice, that has undoubtedly influenced nearly all our lives for the past century in ways that many of us perhaps don’t notice.
I have a book titled Social Control from 1901, by Edward Alsworth Ross, that as the dust jacket explains, “formulated (and gave an answer to) the problems of the massive transformation of the American society by industrialization” where Ross “analyzed the dynamics of social change for modern socieities in general and for America in particular.” The book was a hit, and influenced economists, scholars, politicians and Progressives.
Read More
Did democracy just get downgraded (yet again)?Social engineering is now a dated practice, that has undoubtedly influenced nearly all our lives for the past century in ways that many of us perhaps don’t notice.
I have a book titled Social Control from 1901, by Edward Alsworth Ross, that as the dust jacket explains, “formulated (and gave an answer to) the problems of the massive transformation of the American society by industrialization” where Ross “analyzed the dynamics of social change for modern socieities in general and for America in particular.” The book was a hit, and influenced economists, scholars, politicians and Progressives.
Read More
from Western Journalism:
The owner of an auto parts shop in Oakland Park, Fla., shifted into
“no-way” gear earlier this week when he bravely turned the tables on
would-be armed robbers, wrestling a gun away from one of the hold-up men
and shooting him with his own weapon.
The whole incredible incident was caught on chilling surveillance video released by detectives.
Police say that both the shop owner and the man who tried to rob the business suffered gunshot wounds in the scuffle. But while the man who owns the shop is expected to survive his wound, the accused gunman — who has been charged with attempted murder — remains hospitalized with life-threatening injuries.
Read More
The owner of an auto parts shop in Oakland Park, Fla., shifted into
“no-way” gear earlier this week when he bravely turned the tables on
would-be armed robbers, wrestling a gun away from one of the hold-up men
and shooting him with his own weapon.The whole incredible incident was caught on chilling surveillance video released by detectives.
Police say that both the shop owner and the man who tried to rob the business suffered gunshot wounds in the scuffle. But while the man who owns the shop is expected to survive his wound, the accused gunman — who has been charged with attempted murder — remains hospitalized with life-threatening injuries.
Read More
from Now The End Begins:
Obama is relinquishing American sovereignty that same way you eat a
sandwich, one bite at a time. From giving up control of the Internet to
allowing tens of thousands of Illegals to pour across the border,
America is being divested of it’s power. Now hundreds of square miles in
southern US border towns are no longer functionally under control of
the United States local or federal law enforcement agencies. You are
watching the disintegration of our once great nation, but honestly, no
one really seems to care. Do you?
Read More
Obama is relinquishing American sovereignty that same way you eat a
sandwich, one bite at a time. From giving up control of the Internet to
allowing tens of thousands of Illegals to pour across the border,
America is being divested of it’s power. Now hundreds of square miles in
southern US border towns are no longer functionally under control of
the United States local or federal law enforcement agencies. You are
watching the disintegration of our once great nation, but honestly, no
one really seems to care. Do you?Read More
from VOA News:
North Korean leader Kim Jong Un has placed his military on high alert
and declared a “quasi-state of war” in frontline areas Friday after
North and South Korea exchanged artillery fire near the border. Seoul
also has raised its military readiness to its highest level, suggesting
imminent threat.
Following an emergency meeting of the North’s central military commission, Kim said frontline units would “enter a wartime state” starting at 5 p.m. local time Friday, according to the Korean Central News Agency.
Pyongyang has made similar declarations in the past, including during periods of heightened tension in 2010 and 2013. The two countries are technically already in a state of war because the truce that ended their 1950s conflict did not become a peace treaty.
Read More…
North Korean leader Kim Jong Un has placed his military on high alert
and declared a “quasi-state of war” in frontline areas Friday after
North and South Korea exchanged artillery fire near the border. Seoul
also has raised its military readiness to its highest level, suggesting
imminent threat.Following an emergency meeting of the North’s central military commission, Kim said frontline units would “enter a wartime state” starting at 5 p.m. local time Friday, according to the Korean Central News Agency.
Pyongyang has made similar declarations in the past, including during periods of heightened tension in 2010 and 2013. The two countries are technically already in a state of war because the truce that ended their 1950s conflict did not become a peace treaty.
Read More…
from X22Report:
by Graham Summers, GoldSeek:
Many investors believe that the 2008 Crisis was THE Crisis of their lifetimes.
They are mistaken.
The 2008 Crisis was a stock and investment bank crisis. But it was not THE Crisis. It was just Round One.
Round Two, or THE Crisis, concerns the biggest bubble in financial history: the epic Bond bubble… which, as it stands, is north of $100 trillion.
To put this into perspective, the Tech Bubble was about $15 trillion in size. The Housing Bubble, which triggered the 2008 Crisis, was about $30 trillion in size.
Read More
Many investors believe that the 2008 Crisis was THE Crisis of their lifetimes.They are mistaken.
The 2008 Crisis was a stock and investment bank crisis. But it was not THE Crisis. It was just Round One.
Round Two, or THE Crisis, concerns the biggest bubble in financial history: the epic Bond bubble… which, as it stands, is north of $100 trillion.
To put this into perspective, the Tech Bubble was about $15 trillion in size. The Housing Bubble, which triggered the 2008 Crisis, was about $30 trillion in size.
Read More
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