JEWISH KING JESUS IS COMING AT THE RAPTURE FOR US IN THE CLOUDS-DON'T MISS IT FOR THE WORLD.THE BIBLE TAKEN LITERALLY- WHEN THE PLAIN SENSE MAKES GOOD SENSE-SEEK NO OTHER SENSE-LEST YOU END UP IN NONSENSE.GET SAVED NOW- CALL ON JESUS TODAY.THE ONLY SAVIOR OF THE WHOLE EARTH - NO OTHER.
1 COR 15:23-JESUS THE FIRST FRUITS-CHRISTIANS RAPTURED TO JESUS-FIRST FRUITS OF THE SPIRIT-23 But every man in his own order: Christ the firstfruits; afterward they that are Christ’s at his coming.ROMANS 8:23 And not only they, but ourselves also, which have the firstfruits of the Spirit, even we ourselves groan within ourselves, waiting for the adoption, to wit, the redemption of our body.(THE PRE-TRIB RAPTURE)
HOARDING OF GOLD AND SILVER
JAMES 5:1-3
1 Go to now, ye rich men, weep and howl for your miseries that shall come upon you.
2 Your riches are corrupted, and your garments are motheaten.
3 Your gold and silver is cankered; and the rust of them shall be a witness against you, and shall eat your flesh as it were fire. Ye have heaped treasure together for the last days.
REVELATION 18:10,17,19
10 Standing afar off for the fear of her torment, saying, Alas, alas that great city Babylon, that mighty city! for in one hour is thy judgment come.(IN 1 HR THE STOCK MARKETS WORLDWIDE WILL CRASH)
17 For in one hour so great riches is come to nought. And every shipmaster, and all the company in ships, and sailors, and as many as trade by sea, stood afar off,
19 And they cast dust on their heads, and cried, weeping and wailing, saying, Alas, alas that great city, wherein were made rich all that had ships in the sea by reason of her costliness! for in one hour is she made desolate.
EZEKIEL 7:19
19 They shall cast their silver in the streets, and their gold shall be removed:(CONFISCATED) their silver and their gold shall not be able to deliver them in the day of the wrath of the LORD: they shall not satisfy their souls, neither fill their bowels: because it is the stumblingblock of their iniquity.
LUKE 2:1-3
1 And it came to pass in those days, that there went out a decree from Caesar Augustus, that all the world should be taxed.
2 (And this taxing was first made when Cyrenius was governor of Syria.)
3 And all went to be taxed, every one into his own city.
REVELATION 13:16-18
16 And he(THE FALSE POPE WHO DEFECTED FROM THE CHRISTIAN FAITH) causeth all,(IN THE WORLD ) both small and great, rich and poor, free and bond, to receive a mark in their right hand, or in their foreheads:(MICROCHIP IMPLANT)
17 And that no man might buy or sell, save he that had the mark,(MICROCHIP IMPLANT) or the name of the beast,(WORLD DICTATORS NAME INGRAVED ON YOUR SKIN OR TATTOOED ON YOU OR IN THE MICROCHIP IMPLANT) or the number of his name.(THE NUMBERS OF HIS NAME INGRAVED IN THE MICROCHIP IMLPLANT)-(ALL THESE WILL TELL THE WORLD DICTATOR THAT YOUR WITH HIM AND AGAINST KING JESUS-GOD)
18 Here is wisdom. Let him that hath understanding count the number of the beast:(WORLD LEADER) for it is the number of a man; and his number is Six hundred threescore and six.(6-6-6) A NUMBER SYSTEM (6006006)OR(60020202006)(SOME KIND OF NUMBER IMPLANTED IN THE MICROCHIP THAT TELLS THE WORLD DICTATOR AND THE NEW WORLD ORDER THAT YOU GIVE YOUR TOTAL ALLIGIENCE TO HIM AND NOT JESUS)(ITS AN ETERNAL DECISION YOU MAKE)(YOU CHOOSE YOUR OWN DESTINY)(YOU TAKE THE DICTATORS NAME OR NUMBER UNDER YOUR SKIN,YOUR DOOMED TO THE LAKE OF FIRE AND TORMENTS FOREVER,NEVER ENDING MEANT ONLY FOR SATAN AND HIS ANGELS,NOT HUMAN BEINGS).OR YOU REFUSE THE MICROCHIP IMPLANT AND GO ON THE SIDE OF KING JESUS AND RULE FOREVER WITH HIM ON EARTH.YOU CHOOSE,ITS YOUR DECISION.
REVELATION 6:5-6
5 And when he had opened the third seal, I heard the third beast say, Come and see. And I beheld, and lo a black horse; and he that sat on him had a pair of balances in his hand.
6 And I heard a voice in the midst of the four beasts say, A measure of wheat for a penny, and three measures of barley for a penny; and see thou hurt not the oil and the wine.(A DAYS WAGES FOR A LOAF OF BREAD)
DOCTOR DOCTORIAN FROM ANGEL OF GOD
then the angel said, Financial crisis will come to Asia. I will shake the world.
The Shemitah is coming true.Do people not get it? There is a economic crash every 7 years.
1980: Recession
1987: Stock market crash
1994: Bond market crash
2001: 9/11, dot com, recession
2008: Housing crash
2015: See if something will happen-The central banks will be the death of us. Get ready and embrace yourself for the economic collapse.
BANK RELATED INFORMATION
http://israndjer.blogspot.ca/2015/09/bank-related-links.html
CURRENCIES
http://www.bloomberg.com/markets/currencies
COMMODITIES
http://www.bloomberg.com/markets/commodities
UPDATE-SEPTEMBER 17,2015-12:00AM
DOW MARKET THURSDAY-SEPT 17,2015
09:30AM-24.43-
10:00AM-11.30-
10:30AM-14.73-
11:00AM-4.77
11:30AM-9.15
12:00PM-5.24
12:30PM-29.25
01:00PM-24.12
01:30PM-60.73
02:00PM-52.11
02:30PM-9.42
03:00PM-161.19
03:30PM-14.60-
04:00PM-65.21- 16,674.74
HIGH +193 LOW -100
TSX +23.38 13,787.16 - GOLD +$13.00 $1,132.00 - OIL -$0.46 $46.75
THE MARKETS ARE WAITING IMPATIENTLY FOR THE 2PM YELLIN DECISION TO SEE IF THE INTEREST RATES WILL BE RAISED.OR STAY AT ZERO YET.I DO NOT KNOW HOW CRAZY THE MARKETS COULD GO IF THERE IS A RATE HIKE.WE WILL SEE IN 2 HOURS.AS IT IS NOON RIGHT NOW.
AT 2:00PM THE FED ANNOUNCED THAT THERE WILL BE NO INTEREST RATE HIKE.IT STAYS AT ZERO%.AND HERES HOW NUTS THE MARKET WENT IN THE FIRST 4 MINUTES AFTER THE FED ANNOUNCEMENT. AT 2PM IT +61.70-INSTANTLY AFTER THE FED-THE STOCKS FELL TO -3, THEN BACK UP TO +63, THEN UP TO +74, DOWN TO -2, BACK UP TO +40, BACK DOWN TO +7, BACK DOWN TO -25, THEN BACK TO -54, ALL IN THE FIRST 4 MINUTES AFTER THE FED ANNOUNCEMENT. ITS 2:14PM CURRENT LY. AND THE DOW IS BACK UP TO +34. CRAZY MOVES SINCE THE FED ANNOUNCE MENT.
U.S. stocks end lower as Fed leaves rates unchanged-Published: Sept 17, 2015 4:05 p.m. ET-market watch-By Anora Mahmudova-Reporter
U.S. stocks whipsawed throughout the day but closed lower on Thursday after the Federal Reserve left interest rates unchanged. The main indexes initially surged, but gradually gave up gains as the central bank's Chairwoman Janet Yellen explained the Fed's moves at the press conference. The S&P 500 SPX, -0.26% fell 5.11 points, or 0.3%, to 1,990.20. The Dow Jones Industrial Average DJIA, -0.39% jumped as high as 190 points, but closed 65.21 points, or 0.4%, lower at 16,674.74. The Nasdaq Composite COMP, +0.10% ended the day slightly higher, up 4.71 points, or 0.1% at 4,893.95.
Yellen's Decision to Delay Fed Liftoff Points to Global Risks-Craig Torres-Updated on September 17, 2015 — 3:55 PM EDT-bloomberg
The Federal Reserve kept its policy interest rate unchanged, showing reluctance to end an era of record monetary stimulus in a time of market turmoil, rising international risks and slow inflation at home.“Recent global economic and financial developments may restrain economic activity somewhat and are likely to put further downward pressure on inflation in the near term,” the Fed said in its statement.Thursday’s action signified more than anything the committee’s uncertainty about how global events, such as the slowdown in China, translate into their outlook for U.S. growth.‘Tactical Delay’-“Discretion is the better part of valor,” Ethan Harris, co-head of global economic research at Bank of America Corp. in New York, wrote in an e-mail. The move is a “tactical delay” to gather more information on risks to the forecast, and “as the labor market recovery rolls along, and with capital markets already showing signs of calm, the pressure on the Fed to hike will build at each meeting going forward.”The decision featured the first dissent this year by Richmond Fed President Jeffrey Lacker as policy makers faced one of the toughest decisions of Chair Janet Yellen’s leadership of the Federal Open Market Committee. Yellen ‘Put’-It also bears its own set of risks, such as the perception of a “Yellen put,” or the view that market volatility could stay the Fed’s decision again.“They put more emphasis on things that could go wrong than things that are going right,” Harm Bandholz, chief U.S. economist at UniCredit Bank AG in New York, said before the decision.The U.S. economy is posting steady job gains and solid household spending. Fed officials, anxious not to tighten policy prematurely and risk having to reverse course and cut rates back to zero, weighed solid domestic fundamentals against uncertainties about the international outlook.“The Committee continues to see the risks to the outlook for economic activity and the labor market as nearly balanced but is monitoring developments abroad,” the statement said.-Global Developments-Slowing growth in China has rippled across the world, hitting commodity-producing countries hard. The MSCI Emerging Markets Index, which captures stock markets in nations such as Brazil, Chile, Egypt and China, is down 14 percent this year.“The outlook for the global economy is being marked down and that is why markets are reacting,” Laura Rosner, U.S. economist at BNP Paribas, said before the decision. Market developments are giving policy makers “fundamental, new and real-time information,” the former New York Fed staff analyst said.Domestically, Fed officials are also grappling with an inflation rate that remains too low, rising just 0.3 percent for the 12 months ended July, according to the personal consumption expenditures price index, the Fed’s preferred measure.“The case for not going is that the inflation picture is still extremely murky, especially in light of developments in China,” Ward McCarthy, chief financial economist at Jefferies LLC in New York, said before the decision.The PCE index has run below the Fed’s 2 percent target for more than three years. “They need to clarify” their inflation target strategy, McCarthy added.Officials Thursday said they don’t expect to attain their 2 percent goal until 2018, according to policy makers’ median forecast.
China's Stocks Resume Losses Amid Uncertainty Over State Support-Bloomberg News-Updated on September 16, 2015 — 10:12 PM EDT
China’s stocks fell for the third time in four days, led by material and health-care companies, as traders gauged the level of government support for equities.The Shanghai Composite Index dropped 0.5 percent to 3,136.83 at 9:32 a.m. local time, as three stocks retreated for each one that gained. The benchmark gauge jumped 4.9 percent on Wednesday with the gains coming in the last hour of trading -- the hallmark of state-backed fund buying. The index dropped 6.1 percent in the first two days of the week following economic data.Volatility has surged to the highest since 1997 amid concern government intervention will fail to shore up the world’s second-largest stock market as signs grow the economic slowdown is deepening. A weekend report showed industrial output missed economists’ forecasts, while investment in the first eight months increased at the slowest pace since 2000. Trading volumes in Shanghai were 24 percent below the 30-day average on Thursday.“The market is becoming increasingly volatile as state support has caused confusion to the market and investors,” said Li Jingyuan, head of securities investment at Shanghai Zhaoyi Asset Management. “Information on state buying isn’t transparent and it seems that the national team doesn’t have a clear strategy and tactics. So you see a volatile market as investors don’t follow state buying.”Government Buying-The CSI 300 Index slipped 0.6 percent. Hong Kong’s Hang Seng China Enterprises Index advanced 1.1 percent. The Hang Seng Index gained 0.7 percent.Price swings have been exacerbated by government investigations into market manipulation as well as the Federal Reserve’s interest-rate meeting this week.Zhang Yujun, an assistant chairman for the China Securities Regulatory Commission, is being investigated for “severe disciplinary violations," the Communist Party’s top disciplinary body said in a statement on its website. Zhang is one of three assistant chairmen at the CSRC and previously served as general manager of both the Shanghai and Shenzhen stock exchanges. The statement by the Central Commission for Discipline Inspection provided no details on the nature of the investigation. The CSRC declined to comment.The investigation comes as the government vows measures against "malicious" short sellers and attempts to "purify" capital markets. On Tuesday, authorities announced a probe into Cheng Boming, the president of Citic Securities Co., China’s biggest brokerage, over allegations of "insider trading."-Stock Valuations-The government has spent $246 billion purchasing equities since a $5 trillion selloff began three months ago through August, according to Goldman Sachs Group Inc.Equities on mainland bourses traded at a median 45 times reported earnings last week. That’s the highest among the 10 largest markets and more than twice the 18 multiple for the Standard & Poor’s 500 Index. The Shanghai Composite, where low-priced banks have some of the biggest weightings, has a ratio of 15.7.Margin traders increased holdings of shares purchased with borrowed money for the first time in five days on Wednesday, with the outstanding balance of margin debt on the Shanghai Stock Exchange rising by 0.2 percent to 588.2 billion yuan.Traders see a 30 percent chance the Federal Reserve will raise borrowing costs at the end of its two-day meeting on Thursday, up from as low as 26 percent on Monday but still below the 50 percent odds before China’s yuan devaluation last month. Near-zero U.S. interest rates have supported demand for developing-nation stocks, bonds and currencies.
Hedge Fund Returning 107% Sees More China, Emerging-Market Pain-Simone Foxman-September 16, 2015 — 6:00 PM EDT-bloomberg
As hedge fund managers take a beating from the slowdown in China, Ray Bakhramov is flying high. Bakhramov, the chief investment officer of the $100 million Forum Asset Management, said he’s been betting on an emerging-market slump since 2012. His conviction led to three years of losses of 10 percent to 20 percent in his Global Opportunity Fund.Bakhramov finally got his wish in July and August, as did a handful of managers who made multi-year wagers that emerging-market stocks and currencies would begin to tumble, starting with a downturn in China. Forum’s main fund notched a 24 percent gain in July and jumped 60 percent the following month, fueled by short positions in the Chinese yuan and the Taiwanese and Singapore dollars, according to a letter to investors obtained by Bloomberg. All told, the fund has soared 107 percent this year through August."We’re basically long volatility," Bakhramov, who previously structured asset-backed securities at Credit Suisse Group AG, said in an interview last week. "We’ll have a lot of tremors and then a big shakeout. This is just the first."Eric Peters, the chief investment officer of the $900 million investment firm-One River Asset Management, also made a bundle during the market rout. Peters said he’s been shorting Australian and Brazilian stocks, the Norwegian krone, the Chilean peso and soy beans while going long on Australian bonds.-Dutch Disease-One River, recently renamed from Peters Capital Group, sets up a fund for each investor who picks among the firm’s five macro themes. A two- year-old strategy called "Dutch disease" has bet against currencies and stocks in commodity-producing countries. It increased 18 percent in the first eight months of 2015, mostly in July and August, according to a person with knowledge of the returns. Another theme started last year called "long volatility" jumped roughly 9 percent in August and has gained 9 percent this year, said the person.As China’s appetite for commodities wanes, producers in emerging markets won’t see a rebound in demand anytime soon, Peters said."This is a very powerful force, for countries to go through a period where they’ve grown so wealthy and now have to adjust their expectations," said Peters, who is based in Greenwich, Connecticut. "It’s difficult to attract new types of companies or industries to their country. These things take a long time."Bakhramov and Peters have been outpacing their peers. The average hedge fund that makes wagers on macroeconomic events lost 0.8 percent this year through August, while the average fund betting across strategies lost 0.1 percent in the same period, according to Chicago-based data provider Hedge Fund Research Inc.-China Bear-Crescat Capital is also beating rivals, with its main global macro fund rising 4.8 percent in August after betting against the Chinese yuan since last year. The fund has gained 11 percent this year through last month, according to Crescat’s website.North Asset Management, the $1.1 billion London-based global macro firm, took a bearish position on China around the middle of last year and gained 8.1 percent in 2015 through August, chief investment officer George Papamarkakis said Monday."We’ve been negative on the Chinese economy and we’ve been thinking that they’re going to have to cut rates aggressively," Papamarkakis said, adding that the next bout of volatility may be months away.Bakhramov sees tumult in emerging markets continuing for years as distortions caused by uninterrupted waves of investment are corrected.-Asian Crisis-"The Asian crisis started in 1997. The volatility ended in 2002," said Bakhramov, who received his Ph.D. in economic theory in St. Petersburg, Russia, and is based in New York. "There are a lot of historical analogies in terms of timing. I think this round started 12 months ago so we’re in the early stages."Next to fall could be high yield credit and some emerging-market debt, the manager said. But he’s more cautious now after three years of losses, and he reduced some of his exposures after profits in August."Clearly we were way too early," he said, blaming central bank easing globally for delaying an inevitable collapse in China. "We’re being much more careful this time."
Macquarie: Emerging Markets Are Not Facing a 1997-Style Crisis—They're Facing Something Worse-"A far more painful and insidious process."-Julie Verhage-September 16, 2015 — 3:59 PM EDT-bloomberg
If the 1997 Asian financial crisis was a heart attack for emerging markets, the current situation is akin to chronic cardiovascular disease, according to Macquarie analysts led by Viktor Shvets and Chetan Seth.In 1997, speculative attacks against the Thai baht forced the country to float and devalue its currency in a move that was swiftly followed by the Philippines, Malaysia, Singapore, and Indonesia. Then came a massive decline in Hong Kong's stock market that led to losses in markets around the globe.While parallels exist between 1997 and the current emerging market selloff (notably in the form of a stronger dollar, which makes it more expensive for emerging-market countries to finance their debts, plus lower commodity prices and slowing trade), the Macquarie analysts reckon the current situation might actually be worse.Instead of sharp heart attack (a la 1997), it is far more likely that EM economies and markets would face an extended period that can be best described as a “chronic disease”, with limited (if any) cures or exits, punctuated by occasional significant flare-ups (short of an outright heart attack). In many ways it is likely to be a far more painful and insidious process. In the meantime, any signs of significant strain (either at a country or corporate level) could easily freeze up the emerging market universe. The crux of their argument is that despite the difficulties of 1997, its effects were mitigated by rising global leverage, liquidity, and trade shortly thereafter. This time around, those factors might not be there.[A c]ombination of excessively loose monetary policies (particularly post 2000 bursting of dot-com bubble) and China’s integration into global trade systems has enabled both EMs and DMs to recover quickly. This does not describe the environment facing EMs and DMs over the next five to ten years. The combination of long-term structural shifts (primarily driven by the grinding deflationary progress of the Third Industrial Revolution, which first became apparent in early 1990s but matured into a global phenomenon over the last decade), is aggravated by the more recent impact of overleveraging and associated overcapacity.The chart below takes into account such things as gross domestic product, external debt, and current account deficits in an attempt to identify which emerging-market countries might be most at risk from a prolonged slump.Such countries as Turkey, South Africa, and Malaysia appear the most at risk on this basis, while China, the Philippines, and South Korea seem better positioned. Although Brazil and Russia score well on the chart, Macquarie argues that their low exposure to external debt could still be undermined by slumping commodities and slowing trade.Ouch.
OTHER STORIES
http://israndjer.blogspot.ca/2015/08/is-america-counting-on-tower-of-babel.html
http://israndjer.blogspot.ca/2015/08/will-there-be-microchip-implant-that.html
IRAN-SAUDI-ARABIA PROPHECY AND WW3
http://israndjer.blogspot.ca/2015/09/jewish-rabbi-predicts-saudi-arabiairan.html
CHINA DEVALUES CURRENCY FOR AMERICAN INTEREST RATE RISE SPECULATION
http://israndjer.blogspot.ca/2015/09/stocks-in-america-up-228-points.html
http://israndjer.blogspot.ca/2015/09/no-shemitah-day-1-stock-crash-stocks.html
http://israndjer.blogspot.ca/2015/09/the-shemitahs-here-how-will-world.html
HOARDING OF GOLD AND SILVER
JAMES 5:1-3
1 Go to now, ye rich men, weep and howl for your miseries that shall come upon you.
2 Your riches are corrupted, and your garments are motheaten.
3 Your gold and silver is cankered; and the rust of them shall be a witness against you, and shall eat your flesh as it were fire. Ye have heaped treasure together for the last days.
REVELATION 18:10,17,19
10 Standing afar off for the fear of her torment, saying, Alas, alas that great city Babylon, that mighty city! for in one hour is thy judgment come.(IN 1 HR THE STOCK MARKETS WORLDWIDE WILL CRASH)
17 For in one hour so great riches is come to nought. And every shipmaster, and all the company in ships, and sailors, and as many as trade by sea, stood afar off,
19 And they cast dust on their heads, and cried, weeping and wailing, saying, Alas, alas that great city, wherein were made rich all that had ships in the sea by reason of her costliness! for in one hour is she made desolate.
EZEKIEL 7:19
19 They shall cast their silver in the streets, and their gold shall be removed:(CONFISCATED) their silver and their gold shall not be able to deliver them in the day of the wrath of the LORD: they shall not satisfy their souls, neither fill their bowels: because it is the stumblingblock of their iniquity.
LUKE 2:1-3
1 And it came to pass in those days, that there went out a decree from Caesar Augustus, that all the world should be taxed.
2 (And this taxing was first made when Cyrenius was governor of Syria.)
3 And all went to be taxed, every one into his own city.
REVELATION 13:16-18
16 And he(THE FALSE POPE WHO DEFECTED FROM THE CHRISTIAN FAITH) causeth all,(IN THE WORLD ) both small and great, rich and poor, free and bond, to receive a mark in their right hand, or in their foreheads:(MICROCHIP IMPLANT)
17 And that no man might buy or sell, save he that had the mark,(MICROCHIP IMPLANT) or the name of the beast,(WORLD DICTATORS NAME INGRAVED ON YOUR SKIN OR TATTOOED ON YOU OR IN THE MICROCHIP IMPLANT) or the number of his name.(THE NUMBERS OF HIS NAME INGRAVED IN THE MICROCHIP IMLPLANT)-(ALL THESE WILL TELL THE WORLD DICTATOR THAT YOUR WITH HIM AND AGAINST KING JESUS-GOD)
18 Here is wisdom. Let him that hath understanding count the number of the beast:(WORLD LEADER) for it is the number of a man; and his number is Six hundred threescore and six.(6-6-6) A NUMBER SYSTEM (6006006)OR(60020202006)(SOME KIND OF NUMBER IMPLANTED IN THE MICROCHIP THAT TELLS THE WORLD DICTATOR AND THE NEW WORLD ORDER THAT YOU GIVE YOUR TOTAL ALLIGIENCE TO HIM AND NOT JESUS)(ITS AN ETERNAL DECISION YOU MAKE)(YOU CHOOSE YOUR OWN DESTINY)(YOU TAKE THE DICTATORS NAME OR NUMBER UNDER YOUR SKIN,YOUR DOOMED TO THE LAKE OF FIRE AND TORMENTS FOREVER,NEVER ENDING MEANT ONLY FOR SATAN AND HIS ANGELS,NOT HUMAN BEINGS).OR YOU REFUSE THE MICROCHIP IMPLANT AND GO ON THE SIDE OF KING JESUS AND RULE FOREVER WITH HIM ON EARTH.YOU CHOOSE,ITS YOUR DECISION.
REVELATION 6:5-6
5 And when he had opened the third seal, I heard the third beast say, Come and see. And I beheld, and lo a black horse; and he that sat on him had a pair of balances in his hand.
6 And I heard a voice in the midst of the four beasts say, A measure of wheat for a penny, and three measures of barley for a penny; and see thou hurt not the oil and the wine.(A DAYS WAGES FOR A LOAF OF BREAD)
DOCTOR DOCTORIAN FROM ANGEL OF GOD
then the angel said, Financial crisis will come to Asia. I will shake the world.
The Shemitah is coming true.Do people not get it? There is a economic crash every 7 years.
1980: Recession
1987: Stock market crash
1994: Bond market crash
2001: 9/11, dot com, recession
2008: Housing crash
2015: See if something will happen-The central banks will be the death of us. Get ready and embrace yourself for the economic collapse.
BANK RELATED INFORMATION
http://israndjer.blogspot.ca/2015/09/bank-related-links.html
CURRENCIES
http://www.bloomberg.com/markets/currencies
COMMODITIES
http://www.bloomberg.com/markets/commodities
UPDATE-SEPTEMBER 17,2015-12:00AM
DOW MARKET THURSDAY-SEPT 17,2015
09:30AM-24.43-
10:00AM-11.30-
10:30AM-14.73-
11:00AM-4.77
11:30AM-9.15
12:00PM-5.24
12:30PM-29.25
01:00PM-24.12
01:30PM-60.73
02:00PM-52.11
02:30PM-9.42
03:00PM-161.19
03:30PM-14.60-
04:00PM-65.21- 16,674.74
HIGH +193 LOW -100
TSX +23.38 13,787.16 - GOLD +$13.00 $1,132.00 - OIL -$0.46 $46.75
THE MARKETS ARE WAITING IMPATIENTLY FOR THE 2PM YELLIN DECISION TO SEE IF THE INTEREST RATES WILL BE RAISED.OR STAY AT ZERO YET.I DO NOT KNOW HOW CRAZY THE MARKETS COULD GO IF THERE IS A RATE HIKE.WE WILL SEE IN 2 HOURS.AS IT IS NOON RIGHT NOW.
AT 2:00PM THE FED ANNOUNCED THAT THERE WILL BE NO INTEREST RATE HIKE.IT STAYS AT ZERO%.AND HERES HOW NUTS THE MARKET WENT IN THE FIRST 4 MINUTES AFTER THE FED ANNOUNCEMENT. AT 2PM IT +61.70-INSTANTLY AFTER THE FED-THE STOCKS FELL TO -3, THEN BACK UP TO +63, THEN UP TO +74, DOWN TO -2, BACK UP TO +40, BACK DOWN TO +7, BACK DOWN TO -25, THEN BACK TO -54, ALL IN THE FIRST 4 MINUTES AFTER THE FED ANNOUNCEMENT. ITS 2:14PM CURRENT LY. AND THE DOW IS BACK UP TO +34. CRAZY MOVES SINCE THE FED ANNOUNCE MENT.
U.S. stocks end lower as Fed leaves rates unchanged-Published: Sept 17, 2015 4:05 p.m. ET-market watch-By Anora Mahmudova-Reporter
U.S. stocks whipsawed throughout the day but closed lower on Thursday after the Federal Reserve left interest rates unchanged. The main indexes initially surged, but gradually gave up gains as the central bank's Chairwoman Janet Yellen explained the Fed's moves at the press conference. The S&P 500 SPX, -0.26% fell 5.11 points, or 0.3%, to 1,990.20. The Dow Jones Industrial Average DJIA, -0.39% jumped as high as 190 points, but closed 65.21 points, or 0.4%, lower at 16,674.74. The Nasdaq Composite COMP, +0.10% ended the day slightly higher, up 4.71 points, or 0.1% at 4,893.95.
Yellen's Decision to Delay Fed Liftoff Points to Global Risks-Craig Torres-Updated on September 17, 2015 — 3:55 PM EDT-bloomberg
The Federal Reserve kept its policy interest rate unchanged, showing reluctance to end an era of record monetary stimulus in a time of market turmoil, rising international risks and slow inflation at home.“Recent global economic and financial developments may restrain economic activity somewhat and are likely to put further downward pressure on inflation in the near term,” the Fed said in its statement.Thursday’s action signified more than anything the committee’s uncertainty about how global events, such as the slowdown in China, translate into their outlook for U.S. growth.‘Tactical Delay’-“Discretion is the better part of valor,” Ethan Harris, co-head of global economic research at Bank of America Corp. in New York, wrote in an e-mail. The move is a “tactical delay” to gather more information on risks to the forecast, and “as the labor market recovery rolls along, and with capital markets already showing signs of calm, the pressure on the Fed to hike will build at each meeting going forward.”The decision featured the first dissent this year by Richmond Fed President Jeffrey Lacker as policy makers faced one of the toughest decisions of Chair Janet Yellen’s leadership of the Federal Open Market Committee. Yellen ‘Put’-It also bears its own set of risks, such as the perception of a “Yellen put,” or the view that market volatility could stay the Fed’s decision again.“They put more emphasis on things that could go wrong than things that are going right,” Harm Bandholz, chief U.S. economist at UniCredit Bank AG in New York, said before the decision.The U.S. economy is posting steady job gains and solid household spending. Fed officials, anxious not to tighten policy prematurely and risk having to reverse course and cut rates back to zero, weighed solid domestic fundamentals against uncertainties about the international outlook.“The Committee continues to see the risks to the outlook for economic activity and the labor market as nearly balanced but is monitoring developments abroad,” the statement said.-Global Developments-Slowing growth in China has rippled across the world, hitting commodity-producing countries hard. The MSCI Emerging Markets Index, which captures stock markets in nations such as Brazil, Chile, Egypt and China, is down 14 percent this year.“The outlook for the global economy is being marked down and that is why markets are reacting,” Laura Rosner, U.S. economist at BNP Paribas, said before the decision. Market developments are giving policy makers “fundamental, new and real-time information,” the former New York Fed staff analyst said.Domestically, Fed officials are also grappling with an inflation rate that remains too low, rising just 0.3 percent for the 12 months ended July, according to the personal consumption expenditures price index, the Fed’s preferred measure.“The case for not going is that the inflation picture is still extremely murky, especially in light of developments in China,” Ward McCarthy, chief financial economist at Jefferies LLC in New York, said before the decision.The PCE index has run below the Fed’s 2 percent target for more than three years. “They need to clarify” their inflation target strategy, McCarthy added.Officials Thursday said they don’t expect to attain their 2 percent goal until 2018, according to policy makers’ median forecast.
China's Stocks Resume Losses Amid Uncertainty Over State Support-Bloomberg News-Updated on September 16, 2015 — 10:12 PM EDT
China’s stocks fell for the third time in four days, led by material and health-care companies, as traders gauged the level of government support for equities.The Shanghai Composite Index dropped 0.5 percent to 3,136.83 at 9:32 a.m. local time, as three stocks retreated for each one that gained. The benchmark gauge jumped 4.9 percent on Wednesday with the gains coming in the last hour of trading -- the hallmark of state-backed fund buying. The index dropped 6.1 percent in the first two days of the week following economic data.Volatility has surged to the highest since 1997 amid concern government intervention will fail to shore up the world’s second-largest stock market as signs grow the economic slowdown is deepening. A weekend report showed industrial output missed economists’ forecasts, while investment in the first eight months increased at the slowest pace since 2000. Trading volumes in Shanghai were 24 percent below the 30-day average on Thursday.“The market is becoming increasingly volatile as state support has caused confusion to the market and investors,” said Li Jingyuan, head of securities investment at Shanghai Zhaoyi Asset Management. “Information on state buying isn’t transparent and it seems that the national team doesn’t have a clear strategy and tactics. So you see a volatile market as investors don’t follow state buying.”Government Buying-The CSI 300 Index slipped 0.6 percent. Hong Kong’s Hang Seng China Enterprises Index advanced 1.1 percent. The Hang Seng Index gained 0.7 percent.Price swings have been exacerbated by government investigations into market manipulation as well as the Federal Reserve’s interest-rate meeting this week.Zhang Yujun, an assistant chairman for the China Securities Regulatory Commission, is being investigated for “severe disciplinary violations," the Communist Party’s top disciplinary body said in a statement on its website. Zhang is one of three assistant chairmen at the CSRC and previously served as general manager of both the Shanghai and Shenzhen stock exchanges. The statement by the Central Commission for Discipline Inspection provided no details on the nature of the investigation. The CSRC declined to comment.The investigation comes as the government vows measures against "malicious" short sellers and attempts to "purify" capital markets. On Tuesday, authorities announced a probe into Cheng Boming, the president of Citic Securities Co., China’s biggest brokerage, over allegations of "insider trading."-Stock Valuations-The government has spent $246 billion purchasing equities since a $5 trillion selloff began three months ago through August, according to Goldman Sachs Group Inc.Equities on mainland bourses traded at a median 45 times reported earnings last week. That’s the highest among the 10 largest markets and more than twice the 18 multiple for the Standard & Poor’s 500 Index. The Shanghai Composite, where low-priced banks have some of the biggest weightings, has a ratio of 15.7.Margin traders increased holdings of shares purchased with borrowed money for the first time in five days on Wednesday, with the outstanding balance of margin debt on the Shanghai Stock Exchange rising by 0.2 percent to 588.2 billion yuan.Traders see a 30 percent chance the Federal Reserve will raise borrowing costs at the end of its two-day meeting on Thursday, up from as low as 26 percent on Monday but still below the 50 percent odds before China’s yuan devaluation last month. Near-zero U.S. interest rates have supported demand for developing-nation stocks, bonds and currencies.
Hedge Fund Returning 107% Sees More China, Emerging-Market Pain-Simone Foxman-September 16, 2015 — 6:00 PM EDT-bloomberg
As hedge fund managers take a beating from the slowdown in China, Ray Bakhramov is flying high. Bakhramov, the chief investment officer of the $100 million Forum Asset Management, said he’s been betting on an emerging-market slump since 2012. His conviction led to three years of losses of 10 percent to 20 percent in his Global Opportunity Fund.Bakhramov finally got his wish in July and August, as did a handful of managers who made multi-year wagers that emerging-market stocks and currencies would begin to tumble, starting with a downturn in China. Forum’s main fund notched a 24 percent gain in July and jumped 60 percent the following month, fueled by short positions in the Chinese yuan and the Taiwanese and Singapore dollars, according to a letter to investors obtained by Bloomberg. All told, the fund has soared 107 percent this year through August."We’re basically long volatility," Bakhramov, who previously structured asset-backed securities at Credit Suisse Group AG, said in an interview last week. "We’ll have a lot of tremors and then a big shakeout. This is just the first."Eric Peters, the chief investment officer of the $900 million investment firm-One River Asset Management, also made a bundle during the market rout. Peters said he’s been shorting Australian and Brazilian stocks, the Norwegian krone, the Chilean peso and soy beans while going long on Australian bonds.-Dutch Disease-One River, recently renamed from Peters Capital Group, sets up a fund for each investor who picks among the firm’s five macro themes. A two- year-old strategy called "Dutch disease" has bet against currencies and stocks in commodity-producing countries. It increased 18 percent in the first eight months of 2015, mostly in July and August, according to a person with knowledge of the returns. Another theme started last year called "long volatility" jumped roughly 9 percent in August and has gained 9 percent this year, said the person.As China’s appetite for commodities wanes, producers in emerging markets won’t see a rebound in demand anytime soon, Peters said."This is a very powerful force, for countries to go through a period where they’ve grown so wealthy and now have to adjust their expectations," said Peters, who is based in Greenwich, Connecticut. "It’s difficult to attract new types of companies or industries to their country. These things take a long time."Bakhramov and Peters have been outpacing their peers. The average hedge fund that makes wagers on macroeconomic events lost 0.8 percent this year through August, while the average fund betting across strategies lost 0.1 percent in the same period, according to Chicago-based data provider Hedge Fund Research Inc.-China Bear-Crescat Capital is also beating rivals, with its main global macro fund rising 4.8 percent in August after betting against the Chinese yuan since last year. The fund has gained 11 percent this year through last month, according to Crescat’s website.North Asset Management, the $1.1 billion London-based global macro firm, took a bearish position on China around the middle of last year and gained 8.1 percent in 2015 through August, chief investment officer George Papamarkakis said Monday."We’ve been negative on the Chinese economy and we’ve been thinking that they’re going to have to cut rates aggressively," Papamarkakis said, adding that the next bout of volatility may be months away.Bakhramov sees tumult in emerging markets continuing for years as distortions caused by uninterrupted waves of investment are corrected.-Asian Crisis-"The Asian crisis started in 1997. The volatility ended in 2002," said Bakhramov, who received his Ph.D. in economic theory in St. Petersburg, Russia, and is based in New York. "There are a lot of historical analogies in terms of timing. I think this round started 12 months ago so we’re in the early stages."Next to fall could be high yield credit and some emerging-market debt, the manager said. But he’s more cautious now after three years of losses, and he reduced some of his exposures after profits in August."Clearly we were way too early," he said, blaming central bank easing globally for delaying an inevitable collapse in China. "We’re being much more careful this time."
Macquarie: Emerging Markets Are Not Facing a 1997-Style Crisis—They're Facing Something Worse-"A far more painful and insidious process."-Julie Verhage-September 16, 2015 — 3:59 PM EDT-bloomberg
If the 1997 Asian financial crisis was a heart attack for emerging markets, the current situation is akin to chronic cardiovascular disease, according to Macquarie analysts led by Viktor Shvets and Chetan Seth.In 1997, speculative attacks against the Thai baht forced the country to float and devalue its currency in a move that was swiftly followed by the Philippines, Malaysia, Singapore, and Indonesia. Then came a massive decline in Hong Kong's stock market that led to losses in markets around the globe.While parallels exist between 1997 and the current emerging market selloff (notably in the form of a stronger dollar, which makes it more expensive for emerging-market countries to finance their debts, plus lower commodity prices and slowing trade), the Macquarie analysts reckon the current situation might actually be worse.Instead of sharp heart attack (a la 1997), it is far more likely that EM economies and markets would face an extended period that can be best described as a “chronic disease”, with limited (if any) cures or exits, punctuated by occasional significant flare-ups (short of an outright heart attack). In many ways it is likely to be a far more painful and insidious process. In the meantime, any signs of significant strain (either at a country or corporate level) could easily freeze up the emerging market universe. The crux of their argument is that despite the difficulties of 1997, its effects were mitigated by rising global leverage, liquidity, and trade shortly thereafter. This time around, those factors might not be there.[A c]ombination of excessively loose monetary policies (particularly post 2000 bursting of dot-com bubble) and China’s integration into global trade systems has enabled both EMs and DMs to recover quickly. This does not describe the environment facing EMs and DMs over the next five to ten years. The combination of long-term structural shifts (primarily driven by the grinding deflationary progress of the Third Industrial Revolution, which first became apparent in early 1990s but matured into a global phenomenon over the last decade), is aggravated by the more recent impact of overleveraging and associated overcapacity.The chart below takes into account such things as gross domestic product, external debt, and current account deficits in an attempt to identify which emerging-market countries might be most at risk from a prolonged slump.Such countries as Turkey, South Africa, and Malaysia appear the most at risk on this basis, while China, the Philippines, and South Korea seem better positioned. Although Brazil and Russia score well on the chart, Macquarie argues that their low exposure to external debt could still be undermined by slumping commodities and slowing trade.Ouch.
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