It was nice of ZH to get out of bed already...

Black Monday: Futures Plummet As VIX Hits 56, Japan Suffers Worst Point Drop In History [Zerohedge]

S&P 500 futures down 3.6% to 5,184
STOXX Europe 600 down 2.3% to 486.40
MXAP down 6.0% to 166.21
MXAPJ down 4.1% to 530.79
Nikkei down 12.4% to 31,458.42
Topix down 12.2% to 2,227.15
Hang Seng Index down 1.5% to 16,698.36
Shanghai Composite down 1.5% to 2,860.70
Sensex down 2.6% to 78,911.70
Australia S&P/ASX 200 down 3.7% to 7,649.56
Kospi down 8.8% to 2,441.55
German 10Y yield -3 bps at 2.14%
Euro up 0.5% to $1.0970
Brent Futures down 1.0% to $76.06/bbl
Gold spot down 0.7% to $2,425.51
US Dollar Index down 0.72% to 102.46

Japan/Asia will probably drop when it opens later following the US lead. Europe will probably follow Asia.

I got clipped for $22k in equities today and probably a like amount in PMs.

The money didn't move from one sector to another like it usually does, the money just vanished across the board.

Dow tumbles 1,000 points, S&P 500 posts worst day since 2022 in global market sell-off: Live updates

The Dow dropped 1,033.99 points, or 2.6%, to end at 38,703.27. The Nasdaq Composite lost 3.43% and closed at 16,200.08, while the S&P 500 slid 3% to end at 5,186.33. The blue-chip Dow and S&P 500 registered their biggest daily losses since September 2022.

The money didn't move from one sector to another like it usually does, the money just vanished across the board.

And Suddenly Things Change... [Zerohedge]

The wait is over. Everything that can break is breaking: stock markets, bond markets, the galaxy of derivatives [Energy, crypto, currencies, etc.] — bets on this and that, which will never be honored. Banks are next. Gold and silver are hanging in there for dear life just now, because they’re actually worth something.

(And because they are worth something, they‘ll eventually sell off some too, to cover margin calls on other stuff hemorrhaging value. But they will not go to zero like a lot of other stuff, and they’ll come back stronger.)

I should go to bed before I go bankrupt. Damned expensive day!

BIDENOMICS is GOING JUST as DESIGNED! [Livestream in progress]