{"id":51758,"date":"2020-03-12T18:22:20","date_gmt":"2020-03-12T23:22:20","guid":{"rendered":"https:\/\/olduvai.ca\/?p=51758"},"modified":"2020-03-12T18:22:23","modified_gmt":"2020-03-12T23:22:23","slug":"black-thursday-one-giant-margin-call-drags-dow-down-10","status":"publish","type":"post","link":"https:\/\/olduvai.ca\/?p=51758","title":{"rendered":"Black Thursday: “One Giant Margin Call” Drags Dow Down 10%"},"content":{"rendered":"\n

Black Thursday: “One Giant Margin Call” Drags Dow Down 10%<\/a><\/h3>\n\n\n\n

“The fact that Treasuries, munis, and gold are getting hit tells me that everything is for sale right now. One giant margin call where even the safe-havens aren’t safe anymore.<\/strong> Except for cash.”<\/p><\/blockquote>\n\n\n\n

The  Fed unveiled an unprecedented liquidity facility<\/a><\/strong> to rescue malfunction Treasury markets from themselves.. but it failed terribly.<\/strong><\/p>\n\n\n\n

Mark Sebastian Calls Monday’s Limit Down<\/p>\n\n\n\n

For a few brief moments, as Dow futs exploded 1500 points higher, it looked like it might just work… but no…<\/strong><\/p>\n\n\n\n

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Stocks puked into the close! Look at Small Caps!!! The Dow was down 10%! This was utter carnage today…<\/strong><\/p>\n\n\n\n

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This was the biggest daily drop since 1987.<\/strong><\/p>\n\n\n\n

Additionally, the last four days have seen an 18% crash in the equal-weight S&P – that is more aggressive than during the peak of the financial crisis…<\/strong><\/p>\n\n\n\n

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As one veteran trader said:<\/em><\/p>\n\n\n\n

“this is the market telling The Fed it has to buy stocks.”<\/strong><\/em><\/p>\n\n\n\n

This is what it looks like when what shred of Fed liquidity that was left finally evaporates…<\/p>\n\n\n\n

\"\"\/<\/figure>\n\n\n\n

Investors are at the most-extreme fear level on record…<\/strong><\/p>\n\n\n\n

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\u2026click on the above link to read the rest of the article\u2026<\/a><\/p>\n","protected":false},"excerpt":{"rendered":"

Black Thursday: “One Giant Margin Call” Drags Dow Down 10% “The fact that Treasuries, munis, and gold are getting hit tells me that everything is for sale right now. One giant margin call where even the safe-havens aren’t safe anymore. Except for cash.” The  Fed unveiled an unprecedented liquidity facility to rescue malfunction Treasury markets from themselves.. but it […]<\/p>\n","protected":false},"author":1,"featured_media":0,"comment_status":"closed","ping_status":"open","sticky":false,"template":"","format":"standard","meta":{"_monsterinsights_skip_tracking":false,"_monsterinsights_sitenote_active":false,"_monsterinsights_sitenote_note":"","_monsterinsights_sitenote_category":0,"footnotes":""},"categories":[2],"tags":[11150,1849,4026,4318],"class_list":["post-51758","post","type-post","status-publish","format-standard","hentry","category-economics","tag-david-rosenberg","tag-financial-markets","tag-margin-call","tag-zerohedge"],"_links":{"self":[{"href":"https:\/\/olduvai.ca\/index.php?rest_route=\/wp\/v2\/posts\/51758","targetHints":{"allow":["GET"]}}],"collection":[{"href":"https:\/\/olduvai.ca\/index.php?rest_route=\/wp\/v2\/posts"}],"about":[{"href":"https:\/\/olduvai.ca\/index.php?rest_route=\/wp\/v2\/types\/post"}],"author":[{"embeddable":true,"href":"https:\/\/olduvai.ca\/index.php?rest_route=\/wp\/v2\/users\/1"}],"replies":[{"embeddable":true,"href":"https:\/\/olduvai.ca\/index.php?rest_route=%2Fwp%2Fv2%2Fcomments&post=51758"}],"version-history":[{"count":1,"href":"https:\/\/olduvai.ca\/index.php?rest_route=\/wp\/v2\/posts\/51758\/revisions"}],"predecessor-version":[{"id":51759,"href":"https:\/\/olduvai.ca\/index.php?rest_route=\/wp\/v2\/posts\/51758\/revisions\/51759"}],"wp:attachment":[{"href":"https:\/\/olduvai.ca\/index.php?rest_route=%2Fwp%2Fv2%2Fmedia&parent=51758"}],"wp:term":[{"taxonomy":"category","embeddable":true,"href":"https:\/\/olduvai.ca\/index.php?rest_route=%2Fwp%2Fv2%2Fcategories&post=51758"},{"taxonomy":"post_tag","embeddable":true,"href":"https:\/\/olduvai.ca\/index.php?rest_route=%2Fwp%2Fv2%2Ftags&post=51758"}],"curies":[{"name":"wp","href":"https:\/\/api.w.org\/{rel}","templated":true}]}}