"Black Monday" Brings Global Market Rout, Investors Mourn The Death Of Central Bank Omnipotence

By Tyler Durden of Zero Hedge

Monday, August 24, 2015 5:43 PM EDT

Another day in ignoropia...

And a second clip - because we can - that seemed a perfect analog for mainstream media in the middle of today...

American Molly Huddle celebrates too early & loses bronze medal in world final of 10,000 meters. Biggest #EpicFail 😳 pic.twitter.com/AC9iFEuUhj
— Asjad Nazir (@asjadnazir) August 24, 2015

It started in China...

Click on picture to enlarge

Continued in Europe...

Click on picture to enlarge

And then catastrophied in The US...

Click on picture to enlarge

The crash in stocks at the open appeared as much driven by a collapse in USDJPY - JPY carry unwinds - which ripped back and lifted stocks...

Click on picture to enlarge

Cash indices ripped back off the lows and Nasdaq 'touched' unchanged on the back of AAPL... before it all fell apart again...

Click on picture to enlarge

As the end of the day loomed, chatter of QE4 (hope) and PBOC RRR Cut (hope) managed to ramp stocks... dragging S&P minis back to VWAP... (on heavy volume)

Click on picture to enlarge

Some context for the drop today...

Click on picture to enlarge

Everything is red post-QE3...

Click on picture to enlarge

Energy stocks crashed, catching down to energy credit markets...which hit another record wide today...

Click on picture to enlarge

"Inconceivable" - US financial stocks collapse to credit...

Click on picture to enlarge

VIX explodeder...

Click on picture to enlarge

Catching up to credit...

Click on picture to enlarge

Treasury yields plunged as stocks collapsed but as the PPT stepped in and rescued AAPL, so bonds got hit (with the long bond yield soaring to +4bps from -11bps at one point)... then as the weakness re-accelerated, yields plunged... 10Y traded with a 1 handle once again... and 30Y went out with a higher yield

Click on picture to enlarge