Bear Radar
Style Underperformer:
Sector Underperformers:
- 1) Homebuilders -2.71% 2) Airlines -2.70% 3) I-Banking -2.42%
Stocks Falling on Unusual Volume:
- LNG, NXST, LBAI, MBT, BSBR, ANV, FNFG, UBNT, FLO, TTF, THR,
GIII, IBB, CG, ACHC, CLVS, GSK, RHP, CLD, LAMR, AMWD, CSTE, NGLS, RESI, INFI, CLNY BCE, CP, GEL, MMLP, HSII, RYL, FAST, THR, CQP, SKYW, AYR and TSRO
Stocks With Unusual Put Option Activity:
- 1) LYV 2) UA 3) HYG 4) SCHW 5) IYT
Stocks With Most Negative News Mentions:
- 1) JOY 2) BBY 3) DOW 4) RH 5) MS
Charts:
1 comment:
On Wednesday, June 4, 2013, the mother of all bear markets began as the Abenomics crash hit Asia Excluding Japan, EPP, and the Emerging Markets, EEM, quite badly, and turned US stocks, VTI, lower.
The twin spigots of Liberalism’s Finance, these being trust in the most toxic of debt, as well as currency carry-trade financing failed, on May 24, 2013, transitioning the world from the Liberalism’s Banker Regime into Authoritarianism’s Beast Regime, thus terminating the fiat money system, and birthing the diktat money system.
Fiat money died on May 24, 2013 with the failure of currency carry-trade investing, ICI, and disinvestment out of Junk bonds, JNK, on the failure of the world central banks’ monetary authority, and especially the Bank of Japan’s Kuroda Abenomics monetary policies. These have crossed the Rubicon of sound monetary policy, turning “money good” investments bad.
While the diktat money system was conceived by Herman van Rompuy acting together with the EU Finance Minsters, in early May 2010 with the provision of Greek Bailout I, as well as the more recent Greek Bailouts II and III, and the Cyprus Bank Bailin, the diktat money system was unleashed onto the world by the bond vigilantes calling the Interest Rates on the US Ten Year Note, ^TNX, higher, and the currency carry traders calling the Yen, FXY, higher, on May 24, 2013, inducing investors out of currency carry-trade, yield bearing investments, such as Electric Utilities, XLU, Mortgage REITS, Global Real Estate, DRW, and Premium REITS, KBWY, and then this week, inducing investors out of Nation Investment, EFA, and Small Cap Nation Investment, IFSM, as well as risk assets such as Biotechnology, IBB, and Small Cap Pure Value Stocks, RZV, which were the loss leader style of the day, which included CBK, NWY, CTRN, PSUN, EXPR, MW, BBW, BYD, MCRI, PNK, CSV, URI, CSU, STMP, CAR, HTZ, AHC, CNK, MT, TNH, NLS, LOV, BC, BGF, EEFT, CATY, CPE, GBCI, PACW, OSBC, FULT, TRMK, ORIT, BOH, ITG, FMD, NICK, RM, LAD, ABG, SAH, FRCI, RUTH, PLCE, DKS.
Aggregate Credit, AGG, traded somewhat higher but Junk Bonds, JNK, UJP, and the Euro Yen currency carry-trade, EUR/JPY, continued lower, a trend that developed Friday May 24, 2013.
The Australian Dollar, FXA, plummeted, turning Major World Currencies, DBV, lower, and Emerging Market Currencies, CEW, traded lower, as the Japanese Yen, FXY, traded strongly higher, unwinding carry-trade investments worldwide.
Zero Hedge reports ECB To launch EU-wide audit of Bank's balance sheets. Under Liberalism, wealth was generated by the world central banks, and was coined by the Too Big To Fail Banks, such as JP Morgan, JPM, via programs such as POMO, as well as by Asset Managers, such as Blackrock, BLK, via securitization of ETFs, such as RZV, PSP and PJP, for one’s investment gain. Under Authoritarianism, wealth is generated by the word, will and way regional sovereign bodies, such as the ECB, and is coined by the diktat of sovereign regional nannycrats and statist public private partnerships, such as Macquarie Infrastructure Company, MIC.
Liberalism was an age of prosperity and credit that came by trust in the monetary schemes of Bankers such as Ben Bernanke and Hiroki Kuroda. Authoritarianism is an age of austerity and debt servitude where one complies with and trusts in the schemes of new taxes, bank deposit bailins, and capital controls of regional sovereign nannycrats such as Olli Rehn, Jeroen Dijsselbloem, and Michel Barnierm, all for regional security, stability and sustainability.
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