Zero Hedge reports:
The correction, soon to be crash, is here: the market had a bigger relative open to close move today than it did on May 6. We closed at the day’s lows on massive volume, despite definitive central bank intervention, regardless whether it was the SNB, the ECB, or the Fed. The central planners have lost control of the market, and all thanks to the inevitable collapse of hyper capitalist Keynesianism coming out of the formerly most communist country in the world. A day of ironies. And it’s not over. Futures are already down another 4 handles. The correction is coming, and it will be a bloodbath. The Fed can not push rates lower. It will print. It is inevitable. It is our destiny.
Update: Futures now 7 handles lower. 46 point move in ES: that is almost a 5% move in the S&P for now.
God I love reading Zero Hedge.
Durden always puts me in a good mood.
It’s like reading Hemingway or Mein Kampf.
In the last few minutes of this video, Peter makes a startling revelation.
The US Government has now issued laws that make it illegal for you to call a foreign brokerage firm and open an account. All existing foreign brokerage accounts must be closed.
You no longer have a right to do business overseas with foreign brokers.
Why would the US criminal government issue such a law?
Because they know the fucking pain is coming baby and they are closing the escape hatches.