The Longest Bull Market In History Is Over – S&P Enters Bear Market
The S&P crashed below its bear market level of 2352.7 – the lowest since April 2017 – ending the longest bull market in history
This is the worst December for the S&P 500 since The Great Depression (and there are still a few more days left)…
“Risk aversion is now extreme; even though the Street may point to a ‘less dovish’ FOMC and concerns about a U.S. government shutdown as possible reasons for the selloff, the apparent lack of positive drivers and headlines has curbed risk appetite,” Nomura strategist Masanari Takada wrote in a note.
“While sentiment looks to be skewed towards fear, most market participants seem to be looking for a plausible excuse to sell.”
Steve Mnuchin epicly failed to calm the market over the weekend…
As Michael O’Rourke, JonesTrading’s chief market strategist, said:
“…nothing says don’t panic like saying ‘I’m calling the plunge protection team tomorrow.’ I honestly think that’s the type of event that’s going to startle markets and create more panic and fear when it’s meant to create confidence.”
And sure enough, the plunge protection team’s best efforts utterly failed to stem the tide…
Actual picture of a 30 year old hotshot Ivy League educated MBA Wall Street HFT trader.
Buy yourself a real Christmas present while you still can.
https://sdbullion.com/deals?utm_medium=193406_SDB_ENDOFYEARSALE&utm_source=email&dm_i=46K9,458E,1S6N96,FRKX,1
It only took me 9 years to be right.
That’s pretty much what I said as the market was crashing in early 2016 and my gold stocks were zooming, and I was planning to buy some Thai girls to fan me by the pool. Then suddenly everything turned 180 degrees, and my S&P puts, which were way up, expired at zero, and my gold stocks went into the toilet. PPP failed today (although they managed to keep the S&P precisely at the bear-market threshold), but the Fed will reverse course, world central banks will go on a new printing spree, and Thai girls will remain a figment of my fevered imagination.
bob,
i bet there’s plenty of thigh girls in the 30 blocks,why don’t you check ’em out?
“Thai girls will remain a figment of my fevered imagination.” They are in mine now, you would not be disappointed and they should be ashamed of themselves.
Better 9 years early than 1 minute late. That extra time was a gift for many. There’s no present like time.
No one…you can write out a list of dozens of world class pundits who have accurate and decent economic predictive track records and are outside the owned Deep State/Bankster blather mouths…knew or realized…until recently…the massive number of TRILLIONS-QUAD-TRILLIONS OF DARK OFF BOOK digitized out of thin air WORTHLESS FIAT CURRENCY inflating THE EVERYTHING BUBBLE into the size of Jupiter.
Nothing in the history of the world has been remotely attempted like the international Central Banksters have done…with full cooperation of most in the governments they control and dictate to…has ever been done anywhere near this scale before.
Admin, it took you 9 years because you and no one else knew what they were really doing. You and everyone else were looking at what was going on not being able to see the off book quad trillions being pumped in…in the off book blackout dark.
Manny…
Yes we did know. You assume and presume too much. 1/3 of the articles on this site have been about that very thing.
I apologize…I know the TBP sages have covered it like blanket…I meant to reiterate it…poor choice of words.
We’re good.
Looks like the Plunge Protection Team made the list of non-essential employees.
Merry Christmas to all.
I read somewhere on ZH this morning that Powell isn’t trying to undermine Donny, just trying to restore Price Discovery.
I don’t have a clue about the first part. Maybe, maybe not.
The second part makes no sense. The Fed and the rest of the D.C. swamp has spent the last 108 years intentionally destroying price discovery in everything. Financial, Social, and Moral. Nobody can figure the cost of anything because everything has been taxed, subsidized, censured, debased and turned upside down. Why would they stop now. It’s the only thing they have done perfectly.
you speak much truth, bag of fleas.
Powell is just as much a puppet as Trump. What is really happening is that Trump is being used as the fall guy for the last 8 years of unfettered money printing, during the magic neguroes tenure (as he could do no wrong, being a vessel of globalist intentions, and spooge). the key to understanding this is Trumps move to abandon the globalists agenda of destroying the ME (by pulling out the troops, trump is reversing course). The market movers are not retail investors, hedge funds, pension funds, Algos etc. the market movers are the house of saud, the rothchilds, the chicoms, and all others who hold our debt bomb, including the bankers who make the trades (and by extension front run).
who wants to bet Mnuchin was lying by the pool with his blonde bikinied wife and said, hey honey wanna see something funny, picks up the phone, stock market takes a dump-because he can-it’s not like the goyim matter or anything. Or maybe one of his friends needed to buy some stock but the price wasn’t quite low enough yet.
30%? September was 26,400ish.
Da Bears got a huge Holiday gift from the 49ers as they clinched the NFC North for the first time since 2010.
Now they need to beat Minnesota so the Eagles can get into the playoffs and win the Super Bowl again.
Yesterday, Foles looked like the Super Bowl MVP again. Could be too little, too late. Beagles on the outside looking in. They need help.
nkit, that’s what I thought the title of this piece was about. That’s why I showed up. 🙂
The stock market is played & controlled. This ‘up & down’ jive been going on forever. I don’t buy gold either. What good will ‘precious metals’ be in an electronic $$ system? Anon, up above, is correct.
http://www.lovethetruth.com/truth_about_the_stock_market.htm
SamFox
Looking for 8000 on the DOW here
Then we’d have price discovery
They’re all GE now
for all those who wish to continue gambling Vegas is still open.
If anyone gets the chance, an excellent book to read on the Constitution and our financial markets is “Crashmaker: A federal affaire”, written by Victor Sperandeo and Alvaro Almeida (Edwin Vieira’s pen name). Though published in 2000, this fictional book presents political and financial relationships/actions that have and are occurring at the present time.
My thoughts are that Trump may have read this book and brought Powell (Allen Stillwell) on board the FED to do the dirty work.