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Stocks Slammed Into Red For 2016; Bond Yields Plunge Most In 6 Months; Gold Bouncing Back

Stocks Slammed Into Red For 2016; Bond Yields Plunge Most In 6 Months; Gold Bouncing Back

The last two days have seen 30Y yields plunge over 12bps (the biggest move since September's Fed fold) to one-month lows. At the same time, thanks to The Fed's hawkish jawboning, stocks are dumping also with The Dow joining the rest in the red for 2016. Gold is rallying back from its monkey-hammering yesterday but remains the laggard post-Fed.

 

 

Alice In Wonderland - Why Everything Is Nonsense

Submitted by Bill Bonner of Bonner & Partners (annotated by Acting-Man.com's Pater Tenebrarum),

Everything Is Nonsense

If I had a world of my own, everything would be nonsense. Nothing would be what it is, because everything would be what it isn’t. And contrary wise, what is, it wouldn’t be. And what it wouldn’t be, it would. You see?

– Alice’s Adventures in Wonderland

 

A public service message from the Mad Hatter – bad news is bad. Ominous, even. Hat help us all!

 

“The Greatest Crash Of Your Life Is Just Ahead…” – Harry Dent Warns

“The Greatest Crash Of Your Life Is Just Ahead…” – Harry Dent Warns

“The Greatest Crash Of Your Life Is Just Ahead…” – Harry Dent Warns

Harry Dent, best-selling author and economist, has warned that the stock bubble in the U.S. today is the biggest in history and that the “greatest crash of your life is just ahead…”

Writing on his website EconomyandMarkets.com, Dent warned that

Dollar Winning Streak Continues For Fourth Day Pushing Oil Lower; Futures Flat

Dollar Winning Streak Continues For Fourth Day Pushing Oil Lower; Futures Flat

Following two days of rangebound moves, where Monday's modest market rebound was undone by the Tuesday just as modest decline (despite the early surge higher on the latest "bullish for stocks" European terrorism), overnight equity action continued to be more of the same, and as of this moment S&P 500 futures were unchanged, while European stocks were modestly higher.

Markets Will Eventually Normalize - "Over The Fed's Dead Body"

Markets Will Eventually Normalize - "Over The Fed's Dead Body"

Submitted by Bill Bonner of Bonner & Partners (annotated by Acting-Man.com's Pater Tenebrarum),

Grotesque Mutants

Let’s see… U.S. corporate earnings have been going down for three quarters in a row. The median household income is lower than it was 10 years ago. And now JPMorgan Chase has increased its estimated risk of a recession to about one in three.

 

From the grotesque mutants collection

 

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