Europe

Equity investors today failed to follow through on initial efforts to "Buy The Fucking Fire and Fury Dip" but they are apparently rushing out to buy their very own doomsday bunkers on the off chance that President Trump wasn't joking yesterday when he offered the following warning to North Korea:

President Trump: If North Korea makes any more threats to the U.S., "they will be met with fire and fury like the world has never seen" pic.twitter.com/8dQed79L1W

— NBC News (@NBCNews) August 8, 2017

By Chris at www.CapitalistExploits.at

That will never happen!

Much to the consternation of the little men in that incestuous, insular, politically inbred, inward looking place called Washington DC, young Kim is firing rockets into the air to much fanfare in his desperately poor paradise.

This week, the UN security council unanimously approved sanctions against the naughty boy north of Seoul. Stupid, stupid (which I'll come to in a moment)!

Authored by John Galt via JohnGaltFla.com,

Way, way, way, way back before televisions were generally available in color, cable was a luxury reserved for hotels and the wealthy, and financial television was reserved to Louis Rukeyser and a weekly program on PBS and the “Nightly Business Report”, the idea of information beyond the 6:30 p.m. national newscast was considered absurd.

The brief respite bounce after Europe closed has failed and US equity markets are tumbling once again.

Nasdaq is leading the drop...

With FANG Stocks erasing all the post-NFLX earnings gains...

S&P is near its 50-day moving average and Nasdaq just broke below its 50-day moving-average for the first time in over a month...

And Nasdaq VIX is back above 18.

Just hours after Trump made his famously heated vow to unleash "fire and fury" on North Korea if provocations by the Kim regime continued, the US Air Force issued a very clear statement in which it explicitly said that it was "ready to fight tonight", launching an attack of B-1 bombers if so ordered: