Ladies and Gents it happens to be over. I’d like to elucidate as to why this is happening but providing you with information is like throwing it away. Information is for closers only.
Find solace in the finality of this crash, promoted by the wanton degeneracy of the American banking cabal. Have a look at the USD/JPY cross and bear witness to the repatriation of Japanese money back to Japan, as the Yen carry un fucking ravels with great alacrity.
NASDAQ futs are off by another 450 and the $SMH is lower by 4.5% in 24hr trade. Stocks like $HOOD are indicating lower by 9%. It most certainly is scary out there and I suspect we might capitulate LIMIT DOWN at the open, amidst the firings of missiles from Tehran to Tel Aviv and right back to Tehran from Tel Aviv.
The US 10yr is strong again with yields sinking to 3.75%, while oil is unchanged.
Asian markets have met their makers, with the KOSPI shredded by 4.3%. VIX futures are up another 12%.
We have a crisis brewing and the first leg of the crisis has begun in earnest. While it’s true these sort of quick routs often lead to quick bounces, there could be something more deleterious about the plumbing involved in this giant fucking Ponzi scam being operated by the FOMC and the BOJ. I will be hard pressed to cover my NASDAQ shorts at the open for fear we might crash through the fucking floor boards.
At the very minimum, markets are interesting again and these sort of disconnections almost always lead to great buying opps.
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Might the Fed step in with an emergency rate cut before the market opens?
VIX up 120% to 52 ?!