EURO

UK POUND EXPERIENCES FLASH CRASH: Drops 6% in 2 minutes!

by John Galt October 6, 2016 19:30 ET I don’t know what happened but will effort to find out but suddenly, just after trading started in New Zealand, the FOREX markets imploded with the British Pound Sterling collapsing 6% from 126 to 119 in less than 2 minutes: More as news comes in..stay tuned as it has recovered to 123 but there is something major happening. UPDATE – From the UK Telegraph, worth a read: Pound skids to fresh 31-year low and FTSE 100 closes below 7,000 on fears of hard…


When You See Stories Like This, the Market Top is In

by John Galt September 16, 2016 19:50 ET When you see stories like this one (via Business Insider): Yeah, it usually means the market top is in. When the pie in the sky insanity after years of predicting market crashes and booms winds down to the end of the a credit and business cycle, the insane stories start to appear attributing rallies to elections, Issac Newton, Trump’s belly button lint, or the length and duration of Hillary Clinton’s Parkinson seizures. The truth sucks but God forbid the pump and dumpers tell…


No Matter What Janet Yellen Says, She Will Trigger this Outcome

by John Galt August 26, 2016 05:15 ET Maximum pain is on the way. What is about to hit could have been avoided, but knowing the pragmatic nature of central bankers they will simply state what they think the markets and world wants to hear. This time it is different. Between what she says at Jackson Hole today, which will be released at 10 a.m. ET, and the news slowly leaking out of Europe, by the time we get to the October surprise for the markets, all hell will be breaking…


George Soros: Europe Needs to Wake Up and Recognize That it is Attacking Russia

by John Galt August 14, 2016 22:20 ET The following information is from the DC Leaks organization and their hack of the George Soros OSI(Open Societies Initiatives) and various foundations which front for his operations. All you need to know about George Soros sponsorship of the Ukrainian conflict against Russia is summed up in this one extract from a January 6, 2015 document, in his own words: Europe needs to wake up and recognize that it is attacking Russia. Help Ukraine is also regarded as an expense of the EU in…


6 Years Later the PIIGS and Europe Still Wallow in Bear Markets

by John Galt July 31, 2016 10:00 ET Everything is great. All is quiet on the Western Front, Eastern Front, and Main Street economies with sluggish growth but new all time highs in key equity markets promoted for television purposes. The problems in Portugal, Ireland, Italy, Greece, and Spain are solved because CNBCCNNFBNFNCBBG does not want to cover them on a daily basis. Hence it’s all awesome: Right? Despite the fact that the over indebted United States has managed to hyperinflate its way into a new all time high in equity…


The Bail-In Bankster Model of Cyprus Results: Cyprus Stock Market down 99.2%

by John Galt July 8, 2016 23:00 ET On January 1, 2016 the new bail-in rules became the rule of law for the member states of the European Union. Hugo Dixon penned a column for Reuters on January 4th which revealed how tough the terms were for the bail-in protocol (excerpted): The European Union entered a brave new world of bank “bail-ins” at the start of 2016. Europe has wasted so much taxpayers’ money on bailing out bust banks in recent years that it is right to try to get investors…


Deutsche Bank Implodes to New Record Low Prices in Europe

by John Galt July 6, 2016 05:30 ET Whatever caused the snap, kerplunk, or “BOOM” at 04:30 ET this morning, it has continued with Deutsche Bank deteriorating rapidly now down over 5% in European trading: Whatever is happening, it has driven the German 10 Year Bund to a record -0.20% and the US 10 Year Treasury yield to new record lows close to 1.320%! Somewhere the smart money knows there is a major shoe about to drop, be it Italy, the United States, or Asia and they understand that it will…


The Shellacking Continues as Britain is Just the Tip of the Real Estate Iceberg

by John Galt July 5, 2016 20:50 ET The absolutely bull whipping of investors in foreign real estate continued today as 2 more property funds in the United Kingdom froze redemptions after Standard Life started the ball rolling on July 4th. M&G became the third company to shut down redemptions from its property fund as it stated (via Bloomberg): “Investor redemptions in the fund have risen markedly because of the high levels of uncertainty in the U.K. commercial property market since the outcome of the European Union referendum. Redemptions have now…


The Smart Money is Betting on More Economic Pain Today

by John Galt July 5, 2016 05:15 ET The smart money, as I warned about last week, is ignoring the so-called low volume rally and fleeing to safety. Need proof? Check these two charts out: If the US 10 Year breaks below the 1.35% yield, odds are it will fly down to 1.25% then on to a flat 1% yield. Regardless of what the bubbleheads say on financial television this will be a massive shift of billions of dollars out of potential investment pools for equities which will further squeeze a…


Brexit is the Bear Stearns/Lehman Bros. Moment

by John Galt July 4, 2016 17:40 ET The United States equity and bond markets resume trading on Tuesday July 5th, but whoa be it for those who are unprepared. Tonight the breaking news in the English media indicates that Brexit is not only a Bear Stearns v2.0 Moment as ZeroHedge puts it, but in fact could be a lot worse. The details have made it to the front pages of the U.K. press, starting with the Guardian: Standard Life shuts property fund amid rush of Brexit withdrawals Excerpted: Investors in…


Stock Market Bellwether Update: Going Nowhere Fast

by John Galt July 4, 2016 13:30 ET As America celebrates our 240th birthday and the central banksters of the world celebrate their short squeeze rally of the past five sessions, the truth about where this stock market is somewhat murky. I listen to many of the stock market “call in” radio shows not for advice; but to gauge the sentiment of the sheeple, those poor, stupid suckers who held on to Bear Stearns, Washington Mutual, and General Motors because some “broker” on the radio told an old lady that they…



06.27 Market Deathburger: The EuroCarnage Continues after Brexit

by John Galt June 26, 2 016 15:30 ET I shall keep this as a running update as trading and markets open. Needless to say, currency markets in Asia have opened and the carnage continues unabated so look for Bank of Japan and Swiss intervention soon enough. 05:00 ET – While equity futures are not indicating panic, the bond market is screaming a move into safety. This could be another long day and the key level to watch on the S&P 500 is 2020 as a violation of that figure at…


Spainaggedon Election: Pro-EU Mainstream Parties INCREASE Seats but no Clear Majority

by John Galt June 26, 2016 08:30 ET Sometimes the bull gets you, sometimes you get to sprinkle some A-1 Steak Sauce on him when he’s medium rare. Today we find out if Spanish voters are inspired by the Brexit vote to take a strong stand against the European Union’s insane bankster inspired austerity programs which are running in parallel to the banking bailout which has done nothing to help the average Spanish citizen to improve their standard of living in over a decade. Sound familiar? I shall try to keep…


Today’s Market Action was Ugly but not the Big One

by John Galt June 24, 2016 20:15 ET With much respect to the Sex Pistols for creating this song just for events like today: But this wasn’t the big market crash that the bears or for that matter, the bulls, had hoped to get out of the way. The NYSE volume was 10:1 + to the downside, but not the NASDAQ VOLUME nor the advance/declines (data via WSJ.com): Meanwhile the bellwethers are signaling trouble ahead. In honor of Brexit let us just say they are sinking like the old Great Britain…



06.24 US MARKET DEATHBURGER: Black Friday Brexit Burgers Now Being Served

by John Galt June 24, 2016 02:00 ET I have never been so happy to be so wrong in all my life. I honest to God did not think my limey crazy assed brethren had the jewels to vote for Brexit, but they did. If TPTB do not stop them through a technicality or loophole in the Parliament, then this move is nothing more than a vindication of the insanity we are witnessing in American politics where an unconvicted felon is allowed to run against a reality TV show millionaire/billionaire. Thus…


06.23 BREXIT Updates: The End of Great Britain, the Start of French Britain

by John Galt June 23, 2018 18:00 ET I remember reflecting on history at one time where I said if the United Kingdom ever succumbs to the evil lure of globalism and refuses to act proud and independent, then the Western world may well be lost. It would appear, barring a miracle, that the news will reflect a victory for “remain” and the British empire which was once a proud lion, will instead join the world community of cowardly lions which submit to every whim of the global banking syndicates. Of…


Brexit is a Big Fat Nothing

by John Galt June 22, 2016 19:30 ET Does anyone really think that this is Churchill’s United Kingdom where they stood alone in the face of the Nazi threat and kept Hitler at bay for years? I don’t. This is more of what Great Britain has become (From the UK Daily Mail, March 7, 2014): Parents fury as pork sausages are banned from the school menu and replaced with halal meat Excerpted: Parents have condemned a school’s decision to ban all pork products from the menu and replace other meats with…



Greece Reminds Us: The PIIGS Crisis Is Not Dead

by John Galt June 2, 2016 20:45 ET While America slumbers in its own porkfest of Federal Reserve provided phony money, the European Union is attempting in a very desperate manner to bury the pork vampire from hell formerly known as the “PIIGS.” Unfortunately for Brussels, this fat little piggy just will not die. From the Greek newspaper, Ekathimerini: Greek bond yields climb Greek government bond yields rose on Thursday after the European Central Bank said it would take no decision on whether to reinstate a cheap funding lifeline to Athens…


It’s Not 2008, Don’t Worry, It’s Fine!

by John Galt June 1, 2016 21:30 ET The stock market is possibly poised to break out to new highs, just like it threatened to do in 2007. As the rest of the economy was in shambles, the hucksters in financial media and so-called stock advisors made a cottage industry on selling to willing pension funds, speculators, and individual investors the stocks of the very corporations and banks that they knew were already technically insolvent. Then came the Obama administration after the crash and he was presented with a deal by…


05.22 BREAKING NEWS: Cyprus Shifts Right in Parliamentary Elections

by John Galt May 22, 2016 19:30 ET As discussed earlier in the posting about the Austrian elections, it would appear that Cyprus has also started to divorce itself slightly from the love affair with Brussels and the European Union globalist cabal. From Reuters: Cyprus parliamentary vote puts far-right in parliament From the link above: Cyprus’s ruling conservatives took the lead in Sunday’s general election, results showed, while a far-right party won its first seats in the legislature amid voter disillusionment after a 2013 financial meltdown. With the voting tally at…


04.18 0500 Market Update: Cue the Pump Monkeys, OPEC panic Fading

by John Galt April 18, 2016 05:00 ET Last night’s Asian session was interesting as the Japanese earthquakes and OPEC disaster in Doha provided the deflationary double whammy which scared investors out of Tokyo and Shanghai with sizable drops in those markets(charts via YahooFinance): With a 3.4% drop that was pretty nasty. Shanghai was down 1.44%: Meanwhile, US equity futures have recovered substantially since last night’s initial fall as the central bankers began intervening when Europe opened:   With Europe beginning to recover and crude oil prices pausing in their declines…



The Federal Reserve is Being Held Hostage by China

by John Galt March 17, 2015 05:15 ET Please not the following from the Federal Reserve’s FOMC statement: Information received since the Federal Open Market Committee met in January suggests that economic activity has been expanding at a moderate pace despite the global economic and financial developments of recent months. Household spending has been increasing at a moderate rate, and the housing sector has improved further; however, business fixed investment and net exports have been soft. A range of recent indicators, including strong job gains, points to additional strengthening of the…


Happy Leap Year Day Spooky Video Courtesy of a Major Hedge Fund

by John Galt February 29 2016 17:20 ET Remember this scene from the movie Margin Call? Perhaps if you are not familiar with the movie, you should be. Because the bank it was roughly based on does exist and was bailed out by the U.S. taxpayer, gambled on and won on a Federal Reserve and U.S. Government funded phony recovery, and worse, now is impervious as it is THE bank that it is too big to fail. Why is this relevant today when employment is allegedly booming, the economy growing at…


02.27 BREAKING NEWS: Irish Pro-Austerity Government Coalition Falls in Shocking Election Defeat

by John Galt February 27, 2016 18:00 ET The implications of the message from the Irish people is quite clear and unmistakable: From AFP (via Yahoo): Irish government concedes election defeat <excerpted> Irish prime minister Enda Kenny conceded defeat on Saturday following elections that saw the governing coalition punished by voters weary of austerity, leaving the eurozone country in political limbo with no clear winner. “Clearly the government of Fine Gael and Labour are not going to be returned to office,” Kenny, the leader of the centre-right Fine Gael party, told…



02.11 U.S. MARKETWATCH: It’s going to be a Bloodbath if S&P 1780 Does not Hold

by John Galt February 11, 2016 05:30 ET With each new day, a new crisis in deflationary acceleration occurs and thus markets retreat closer and closer to danger levels which could trigger massive crashes. Today’s headlines are no different: Swedish national bank, the Riksbank cuts rates FURTHER into negative interest rate territory from -0.35% to -0.50% The Japanese Yen has risen further against the USD now down over 400 pips to 111 since last night Gold is up over $20 as everyone appears to be abandoning fiat currencies and returning to…


There is no Dead Cat Bear Bounce of Consequence Forthcoming

by John Galt February 8, 2016 21:30 ET The financial media and prime time stock pumpers will try to deceive everyone into thinking that again, one more time,  that this is nothing more than a corrective phase in the midst of a long term bull market rally. Woe unto the fool who buys that nonsense. Instead of chart after chart illustrating how bad the action has been in the past 40 days, here is a great summary via CNBC’s resident guest technician about trend violations on Friday February 5th’s Option Actions…


01.11 Oh No Not Again Market DEATBURGER Watch: Paging Janet Yellen, Economy Crapping out on Line 3

by John Galt January 10, 2016 18:50 ET So it’s Sunday night once again. My DFS teams all went to hell in a hand basket yesterday because players with concussions, blown up knees and ankles, and torn groin muscles could not gut it out. I mean seriously J.J. Watt, couldn’t you tough it out, you won’t need your nuts until your career is over anyways. But I digress. The U.S. Futures had a warning sign before they opened at 18:00 ET and that was simple, to to point and a stark,…


01.08 WONTONDEATHBURGER Marketwatch: Will They or WON’t they? 20% decline or 20% Rally? Run Kitty Run…

by John Galt January 7, 2016 19:50 ET So tonight begins, the first episode ever, of the Chinese Stock Markets without their safety vest and life boat, allegedly. UPDATE 20:33 ET: ALL IS WELL, IT’S NOT CAT, EAT ALL YOU WANT, IT’S A BUFFET! UPDATE 20:05 ET..RUH-ROH: Of course stale leftover stocks could really, really suck. Heading into the Asian markets tonight, here is where we are at: Japan’s Nikkei 225 is a wrong, wrong way away from 20, 000: However it is only down 1.08% as of this posting so…


01.06 BREAKING NEWS: CHINESE STOCK MARKET STOPS TRADING AFTER 30 MINUTES 7% DECLINE

by John Galt January 6, 2016 21:07 ET Breaking live on all financial media now. CHINESE STOCK EXCHANGE CLOSES AFTER 30 MINUTES OF TRADING AFTER HITTING 7% LIMIT DOWN THRESHOLD The headline from Bloomberg says it all: China Stocks Halted for Rest of Day After CSI 300 Tumbles 7% And here is the chart of the flatlined Chinese Stock Market from tonight’s brief session after the 15 minute trading halt then crash: Meanwhile U.S. stock futures have taken a steep dump after the news: Gold is on the verge of a…


Meanwhile, back in the “Solved” Nation of Greece

by John Galt November 5, 2015 20:10 ET The Athens Stock Exchange crashed again and no one has noticed. After the apparently rigged elections earlier this year the smart money began liquidating it’s positions in Greece and taking their Euros back home to Berlin and Brussels as the economy is now imploding further as the financial system starts to crater worse than when the crisis began.  The chart above reflects the Athens SE getting ready to retest it’s 1990 lows; not recent lows, it’s 1990 LOWS! From the International Business Times…


09.10 DEATHBURGER MARKET WATCH: After an Ugly US Close, Asia Tries to Out-Ugly American Markets

by John Galt September 9, 2015 20:30 ET Here we go again. The US markets had what can only be called a key reversal day as the rally was about 200 points to the upside on the DJIA and suddenly Apple (AAPL) had their conference on their new products and iPooped on investors worldwide. After the conference began, markets sold off but in the last hour, they cratered to close 236 points lower. Just after 5:30 p.m. ET  the Reserve Bank of New Zealand cut their Official Cash Rate from 3.0%…


09.04 US DEATHBREAKFAST SANDWICH MARKETWATCH: Funemployment Day Crash?

by John Galt September 4, 2015 05:30 ET Remember those early, joyous days of the Obama administration when there were no jobs to be had, no hiring for any positions be they dog groomer or engineer? Yes, the regime created that clever term courtesy of their allies in the mainstream propaganda media, this particular story via the Los Angles Times on June 4, 2009: For the ‘funemployed,’ unemployment is welcome <excerpted>  While millions of Americans struggle to find work as they face foreclosures and bankruptcy, others have found a silver lining…


08.25 Marketwatch: World Economic Leaders say All is well, Remain Calm

by John Galt August 24, 2015 19:45 ET If you fail to obey this edict, our Emperor will stomp on you with his plastic golf spikes while wearing his mommy jeans AND beat you with his putter. UPDATED 09:45 ET: This will not look good on a resume. Or your portfolio. Or any Fed bankster’s portfolio. Wow, Shanghai opens down 6%+!!!! UPDATED 09:15 ET: Singapore’s STI opens all over the place: Shoddy Chinese-Made Stock Market Collapses NEWS IN BRIEF August 24, 2015 SHANGHAI—Proving to be just as flimsy and precarious as…


08.24 US & World Markets: Just Holy Flirkinschmidt $1 Trillion in Market Value Wiped out so far

by John Galt August 23, 2015 23:00 ET Think about this: $1 trillion, that’s $1,000,000,000,000.00 PLUS wiped out in just 6 hours of trading tonight. Without US markets being open. I haven’t seen a disaster like this since I was on a sailboat in October 2008 and the S&P 500 traded limit down. Just wow. The carnage is incredible. Hopefully some of you fools listened to the warnings over the years.


08.24 Asian, Europe, US Deathburger Marketwatch: MOAD or a Grilled Cheese Sandwich?

by John Galt August 23, 2015 21:45 ET UPDATED 22:10 ET: Just because: Ouch. Meanwhile in Singapore, down another 2.5% to start the day: UPDATED 21:50 ET: It’s officially a bloodbath. Brent North Sea Crude has broken $45 per bbl for the first time since 2009: The Shanghai SSE is down over 5% on the open: Hong Kong Hang Seng Index down almost 4%: And I have not even gotten to the secondary markets yet like Thailand, Vietnam, etc. Monday could still well be Bloody Monday on Wall Street. Stay tuned!…


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