Did Draghi Just Blow His Bazooka's Wad: Gold Soars, EUR Spikes, Stocks Slump

Submitted by Tyler Durden on 03/10/2016 - 09:53 From omnipotent to impotent in an hour...

Global Liquidity Collapses To 2008 Crisis Levels

Submitted by Tyler Durden on 03/10/2016 - 14:30 The last time that global liquidity conditions contracted at this pace was March 2008 (right as stocks dead-cat-bounced on the back of The Fed's guarantee of Bear Stearns' sale to JPMorgan)... and things escalated rather quickly thereafter.

"I'm Out" - Bulls Dropping Like Flies After Evercore Says Tactical Bull Is Over, "Buy Gold"

Submitted by Tyler Durden on 03/10/2016 - 13:44 "My Bullish tactical call is over. While we have repeatedly highlighted 2030 as our upside target, the rapid post ECB reversals in the cross asset technicals dictates that we abandon our tactical view at this time in favor of a far more defensive posture. Our structural Bear Market call with downside to 1,670 remains intact. We would sell Global Equities and Commodity Currencies on the back of recent countertrend strength and buy Gold."

Goldman Turns Bearish: "Relief Rally Was Too Fast, We Do Not Feel Comfortable Taking More Risk"

Submitted by Tyler Durden on 03/10/2016 - 10:45 "We make no changes to our asset allocation at this stage as the relief rally has been too fast, in our view. We still do not feel comfortable taking more risk in equities until valuation or growth becomes more attractive.... With oil at the upper end of our commodities team's forecast range for 1H 2016, it could drive further volatility as we do not believe oil weakness is necessarily over"

China Is Now In Control Of Global Silver Prices

Submitted by Tyler Durden on 03/10/2016 - 14:10 China has been an unofficial price-setter for most metals over the past decade. And this week, the country became an official participant in setting prices for one of the world’s most important precious metals markets. That’s the London Bullion Market silver price. Where one of China’s largest banks just became a member of an elite group of players that controls fluctuations in this key metal.

Leaking Beachfront Nuclear Reactor Near Miami Threatening Florida Everglades

Submitted by Tyler Durden on 03/10/2016 - 13:20 “You would have to work hard to find a worse place to put a nuclear plant, right between two national parks and subject to hurricanes and storm surge.”

Post-Draghi Panic Leads To Bidding Scramble For 30 Year Paper

Submitted by Tyler Durden on 03/10/2016 - 13:13 And so things are back to normal: following yesterday's unexpectedly poor 10 Year auction, which tailed notably while the bid to cover dipped despite it trading at the -3.00% fails rate in repo, moments ago the Treasury sold $12 billion in a 30Y reopening of Cusip RQ3, at a yield of 2.72%, stopping through the 2.731% When Issued by 1.1 bps, the most since mid-2015.

Bear Market Rally Support Level Is Gone

The trend was your friend... until it came to an end...

The World Economy Wreckers Of Beijing

Submitted by Tyler Durden on 03/10/2016 - 12:45 As Donald Trump speeds toward the White House, the mainstream media will soon be gumming vigorously about how American politics became so unhinged. They need look no further than the Red Suzerains of Beijing. It is their monumental foolishness that has made The Donald possible.

Today's Market's "Explained" In Just Two Headlines

Submitted by Tyler Durden on 03/10/2016 - 12:20

Why Saudi Arabia Has No Intention To End The Oil Glut

Submitted by Tyler Durden on 03/10/2016 - 11:55 In the geopolitical and oligopolistic global oil market, purely financial supply and demand has often been a secondary force, acting when it is allowed to act. It is the strategic behavior of the producing titans, not their talk or the slow-motion supply-demand balance, which has the real power to move markets. That is the case in the last two years and remains the case in 2016.

"It's A Bloodbath" - Dow Dumps 300 Points, US Equities At One-Week Lows

Submitted by Tyler Durden on 03/10/2016 - 11:31 "Everyone is offside," exclaimed one trader we talked to, noting the swings in EURUSD and stocks have tagged stops everywhere. Dow futures are now down 300 points from Draghi highs with S&P futures breaking below the crucial 1980 trendline support. As the trader concluded, "it's a bloodbath."

Why US Automaker Stocks Are Underperforming (In 1 Simple Chart)

Submitted by Tyler Durden on 03/10/2016 - 11:30 Since the end of 2013, US automaker stocks have dramatically underperformed the market. This bewildered many as auto sales surged on the back of easy credit and the entire industry was proclaimed a great success. However, the reason for the underperformance is simple - stock investors discount the future and with a mal-investment-driven excess inventory-to-sales at levels only seen once before in 24 years, they know what is coming next.

World's Largest Hedge Fund Appoints Hardware Engineer As Co-CEO

Submitted by Tyler Durden on 03/10/2016 - 11:25 That the world's largest hedge fund, Ray Dalio's Bridgewater, just announced the appointment of an hardware engineer, even one as enlightened as former NeXT and Apple executive Jon Rubinstein, should tell you all you need to know about what is really going on in the "market."

DAX Crashes 500 Points From Draghi Highs

Well that escalated quickly...

Is The Establishment Rigging Ohio's "Intentionally Confusing Ballot" Against Trump?

Submitted by Tyler Durden on 03/10/2016 - 11:05 The GOP has a history of manipulating the primary, but this time they are going all out to destroy Trump. Is it any wonder that Ohio’s ballot – which will be cast next week – is so confusing that Trump may lose votes just as a result of the ballot’s design?

US Treasury Yields Jump As Europeans Dump Bunds

Submitted by Tyler Durden on 03/10/2016 - 11:04 Well we warned you. Bund yields were extremely optimistic about Draghis' bazooka.. and were disappointed. As traders dumped their Bund bets so this has sent Treasury yields jumping to the highs of the day (compressing the UST-Bund spread by 12bps) as it appears Draghi has driven a great rotation (for now) into IG credit from Treasuries.

The Pentagon Just Admitted It’s Been Deploying Military Drones Over the US to Spy on Americans

by Matt Agorist, Activist Post:

Under a Freedom of Information Act request, a Pentagon inspector general made public a report last week, admitting to the use of drones to spy on U.S. citizens.
The missions were non-military in nature, meaning they were used for domestic spying purposes. Naturally, the Pentagon is claiming it broke no laws in the deployment of said drones and contends that the flights were rare.
A senior policy analyst for the ACLU, Jay Stanley, said it is good news no legal violations were found, yet the technology is so advanced that it’s possible laws may require revision, according to USA TODAY.
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