Tracking the DOW PLUNGE!!!

[Joshua01]

Starting the week soft in NY. I am surprised they have not blamed it on the blizzard!

Oh they will....they will

[madfranks]

So far down 100 to start the week.

[mick silver]

Markets
Updated: Jan 25

• Dow -1.29%
  15,885.22 / -208.29
• Nasdaq -1.58%
  4,518.49 / -72.69
• S&P -1.56%
  1,877.08 / -29.82

[mick silver]

World Markets

Asian markets finished sharply lower today with shares in China leading the region. The Shanghai Composite is down 6.42% while Hong Kong's Hang Seng is off 2.48% and Japan's Nikkei 225 is lower by 2.35%.
Asian Indexes

	Index	Country	Change	% Change	Level	Last Update
http://i.cdn.turner.com/money/.eleme...rketClosed.png	Australia ASX All Ordinaries	Australia	+87.50	+1.76%	5,057.10	Jan 25
http://i.cdn.turner.com/money/.eleme...rketClosed.png	Shanghai SE Composite Index	China	-188.73	-6.42%	2,749.79	2:29am ET
http://i.cdn.turner.com/money/.eleme...rketClosed.png	Hang Seng	Hong Kong	-479.34	-2.48%	18,860.80	3:01am ET
http://i.cdn.turner.com/money/.eleme...rketClosed.png	Mumbai Sensex	India	+50.29	+0.21%	24,485.95	Jan 25
http://i.cdn.turner.com/money/.eleme...rketClosed.png	Nikkei 225	Japan	-402.01	-2.35%	16,708.90	1:15am ET
http://i.cdn.turner.com/money/.eleme...rketClosed.png	Taiwan TSEC 50 Index	Taiwan	-65.48	-0.83%	7,828.67	12:33am ET

http://i.cdn.turner.com/money/.eleme...nClosedKey.gif


World Gainers & Losers

• 
  ADRs
• 
  FTSE
• 
  HSI
• 
  NIKKEI

Company	Price	% Change
SolarWorld AG	2.58	+56.36%
Banca Monte dei Pasc...	1.25	+25.00%
Abengoa SA	1.05	+20.11%
Innocoll AG	9.00	+17.50%
Mexichem SAB de CV	4.01	-15.22%
BTS Group Holdings P...	20.82	-14.37%
Kajima Corp	52.55	-12.23%
Yokogawa Electric Co...	21.57	-11.67%

Data as of Jan 25



Latest International News

• China stocks plunge 6% as rout continues
• China is pumping money into its financial system
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• Iran wants 500 planes and direct flights to U.S.
• Cheap prices fail to kill U.S. oil boom
• Tiananmen Square photos sold to Chinese firm
• Elon Musk: Electric cars will 'suffer' from cheap oil
• Disney sued for replacing U.S. workers with foreigners
• Russia was one of the 10 weakest economies in 2015
• McDonald's sales soar thanks to all day breakfast
• Leaked image of the new mini iPhone 5SE appears
• 8 emerging markets that won't scare you

See All International News

[mick silver]

EXCLUSIVE: The Secret Behind the Next Global Crash

© AFP 2016/ WANG ZHAO



Columnists15:47 21.01.2016(updated 21:16 21.01.2016) Get short URL
Pepe Escobar
48326241277

The World Economic Forum in Davos is submerged by a tsunami of denials, and even non-denial denials, stating there won’t be a follow-up to the Crash of 2008.

Yet there will be. And the stage is already set for it.
Selected Persian Gulf traders, and that includes Westerners working in the Gulf confirm that Saudi Arabia is unloading at least $1 trillion in securities and crashing global markets under orders from the Masters of the Universe – those above the lame presidency of Barack Obama.

http://cdn5.img.sputniknews.com/imag...1032822336.jpg
© AP Photo/ JOHN MOORE
Fear And Loathing in the House of Saud

Those were the days when the House of Saud would as much as flirt with such an idea to have all their assets frozen. Yet now they are acting under orders. And more is to come; according to crack Persian Gulf traders Saudi Western security investments may amount to as much as $8 trillion, and Abu Dhabi’s as $4 trillion.In Abu Dhabi everything was broken into compartments, so no one could figure it out, except brokers and traders who would know each supervisor of a compartment of investments. And for the House of Saud, predictably, denial is an iron rule.
This massive securities dump has been occasionally corporate media, but the figures are grossly underestimated. The full information simply won’t filter because the Masters of the Universe have vetoed it.
There has been a huge increase in the Saudi and Abu Dhabi dump since the start of 2016. A Persian Gulf source says the Saudi strategy “will demolish the markets.” Another referred to a case of “maggots eating the carcass in the dark”; one just had to look at the rout in Wall Street, across Europe and in Hong Kong and Tokyo on Wednesday.
So it’s already happening. And a crucial subplot may be, in the short to medium term, no less than the collapse of the eurozone.
The Crash of 2016?
So a case could be made of a panicked House of Saud being instrumentalized to crash a great deal of the global economy. Cui bono?

http://cdn5.img.sputniknews.com/imag...1016104801.jpg
© Sputnik/ Mihail Mokrushin
Not the Lowest Point: Russia's Ex-Finance Minister Claims Oil Price May Drop to $16-18 a Barrel

Moscow and Tehran are very much on it. The logic behind crashing markets, creating a recession and a depression – from the point of view of the Masters of the Universe above the lame duck President of the United States — is to engineer a major slow down, cripple buying patterns, decrease oil and natural gas consumption, and point Russia on a road to ruin. Besides, the ultra low oil price also translates into a sort of ersatz sanction on Iran.Still, Iranian oil about to reach the market will be around an extra 500,000 barrels a day by mid-year, plus a surplus stored in tankers in the Persian Gulf. This oil can and will be absorbed, as demand is rising (in the US, for instance, by 1.9 million barrels a day in 2015) while supply is falling.
Surging demand and falling production will reverse the oil crash by July. Moreover, China’s oil imports recently surged 9.3% at 7.85 million barrels a day, discrediting the hegemonic narrative of a collapse of China's economy – or of China being responsible for the current market blues.
So, as I outlined here, oil should turn around soon. Goldman Sachs concurs. That gives the Masters of the Universe a short window of opportunity enabling the Saudis to dump massive amounts of securities in the markets.
The House of Saud may need the money badly, considering their budget on red alert. But dumping their securities is also clearly self-destructive. They simply cannot sell $8 trillion. The House of Saud is actually destroying the balance of their wealth. As much as Western hagiography tries to paint Riyadh as a responsible player, the fact is scores of Saudi princes are horrified at the destruction of the wealth of the kingdom through this slow motion harakiri.
Would there be a Plan B? Yes. Warrior prince Mohammed bin Sultan – who’s actually running the show in Riyadh – should be on the first flight to Moscow to engineer a common strategy. Yet that won’t happen.

http://cdn1.img.sputniknews.com/imag...1031619292.jpg
© AFP 2016/ MARK RALSTON
The New Normal: Low But Stable Oil Prices

And as far as China – Saudi Arabia’s top oil importer — is concerned, Xi Jinping has just been to Riyadh; Aramco and Sinopec signed a strategic partnership; but the strategic partnership that really matters, considering the future of One Belt, One Road, is actually Beijing-Tehran. The massive Saudi dumping of securities ties in with the Saudi oil price war. In the current, extremely volatile situation oil is down, stocks are down and oil stocks are down. Still the House of Saud has not understood that the Masters of the Universe are getting them to destroy themselves many times over, including flooding the oil market with their shut-in capacity. And all that to fatally wound Russia, Iran and… Saudi Arabia itself.
Only a Pawn in Their Game
Meanwhile, Riyadh is rife with rumors there will be a coup against King Salman – virtually demented and confined to a room in his palace in Riyadh. There are two possible scenarios in play:
1) King Salman, 80, abdicates in favor of his son, notorious arrogant/ignorant troublemaker Warrior Prince Mohammed bin Salman, 30, currently deputy crown prince and defense minister and the second in the line of succession but de facto running the show in Riyadh. This could happen anytime soon. As an extra bonus, current Oil Minister Ali al-Naimi, not a royal, would be replaced by Abdulaziz bin Salman, another son of the king.
2) A palace coup. Salman – and his troublemaker son – are out of the picture, replaced by Ahmed bin Abdulaziz (who was a previous Minister of the Interior), or Prince Mohammed bin Nayef (the current Minister of the Interior and Crown Prince.)
Whatever scenario prevails, the British MI6 is intimately aware of the whole pantomime. And the German BND might be. Everyone remembers the BND memo at the end of 2015 that depicted Deputy Crown Prince Mohammed bin Salman as a “political gambler” who is destabilizing the Arab world through proxy wars in Yemen and Syria.
Saudi sources — for obvious reasons insisting on anonymity — stress that as much as 80% of the House of Saud favors a coup.
Yet the question is whether a House reshuffle would change their slow motion hara-kiri. The categorical imperative remains; the Masters of the Universe are ready to bring the whole world down in a major recession basically to strangle Russia. The House of Saud is just a pawn in this vicious game.
The views expressed in this article are solely those of the author and do not necessarily reflect the official position of Sputnik.





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Read more: http://sputniknews.com/columnists/20...#ixzz3yLqYB0dl

[Neuro]

Starting the week soft in NY. I am surprised they have not blamed it on the blizzard!

I figured out around 25 years ago that financial commentators reasons and excuses for market moves were bullshit.

[mick silver]

Baltic Dry Index Crashes Near Record Low

Courtesy of ZeroHedge. View original post here.
Submitted by Tyler Durden.
The Baltic Dry Index staged a recovery mid-year, hopefully rising amid promises of stability in China and an 'escape' velocity USA. All that centrally-planned hope and hype faith has been eviscerated on the altar of economic reality. With no ability to directly manipulate the Baltic Dry Index to 'pretend' everything is awesome, it remains among the best 'real' indicators of the state of the global economy… and it's in the toilet…
From hope to nope…
http://www.zerohedge.com/sites/defau...17_bdiy1_0.jpg
The Batlc Dry nears all-time record lows once again…
http://www.zerohedge.com/sites/defau...117_bdiy_0.jpg
In fact, for this time of year, it has never been lower…
http://www.zerohedge.com/sites/defau...17_bdiy2_0.jpg
But apart from that, buy stocks because terrorism rocks and The Fed would not be raising rates unless everything was awesome, right?
Charts: Bloomberg
Bonus Chart: It's not just The Baltic Dry (or the China Containerized Feight Index), HARPEX has also collapsed to 2008 levels…Harpex for the 6,500 and 8,500 TEU ships are at the exact same level as their 2009 lows and trending lower
http://www.zerohedge.com/sites/defau...%20heavy_0.png
But don't worry as talking heads will tell you it is all a supply problem… and nothing to do with demand… MAYBE they'll forget to mention the 'why' there is over-supply – because the freaking manipulations of market-based signals of demand create a massive mal-investment boom in shipbuilding!!!! </rant

[mick silver]

The global shipping index may provide a clue about how Dow Jones Transportation Index will perform in the coming days.

Security: $TRAN, $BDI
Position: N/A

The Dow Jones Transportation Average (DJTA) is a widely followed gauge of the US transportation sector. It includes several railroads, airlines (both cargo and passenger), marine transportation, and trucking companies. On the global front, the Baltic Dry Index (BDI) tracks worldwide international shipping prices of various dry bulk items including coal, iron ore, and grain.

Figure 1 shows a weekly chart of the BDI. Since the beginning of June 2010, the Baltic Dry Index has fallen more than 50%. It has relentlessly moved down for six weeks in a row, and last week, it gapped below its September 2009 support. As of Friday, July 9, it had made a fresh 52-week low, sitting below 2000.

http://technical.traders.com/authors/images/5436.gif

FIGURE 1: BDI, WEEKLY. Now it’s at its 52-week low.

Graphic provided by: StockCharts.com.

Figure 2 shows a weekly chart of DJTA. It is about 12% off of its 52-week high. Recently, it moved higher with Dow Jones Industrial Average (DJIA) and claimed its 40-week line, which approximates a 200-day moving average.

http://technical.traders.com/authors/images/5436_3.gif

FIGURE 2: DJTA, WEEKLY. Unlike BDI, it is closer to its 52-week high.

Graphic provided by: StockCharts.com.

Comparing Figures 1 and 2, we see that prior to the market crash in late 2008, BDI had fallen substantially in the June-August 2008 period. During the same time, the DJTA was essentially consolidating. Starting September 2008, BDI intensified its downward move and very soon DJTA also collapsed. Moving forward, BDI made its low in early December 2008 and began to move higher. By March 2009, when DJTA made its low along with the DJIA, the BDI was well off its lows. After that, BDI made its 52-week high in the middle of November 2009. The DJTA showed a lag on this front as well and made its 52-week high much later in April 2010. At present, when BDI is in a severe decline week after week, the DJTA appears to be insulated. One view why is that lower international shipping rates are due to more ships in the market to haul cargo. But recent chart patterns clearly show that BDI tends to lead the DJTA. To protect any long position in the transportation sector, the BDI should be closely followed. If it continues on its downward journey in the coming days, then chances are high the DJTA will follow suit.

[Horn]

are that a zerohedge link, mick?

[mick silver]

at the top of the post it tell you that