Today's Redbull-Sponsored Market Plunges By Most In 4 Months

Tyler Durden's picture


Whether its AAPL, GOOG, or the broad equity indices, today saw the bulls 'Baumgartnered'. Despite a valiant attempt to rally into the close, because Bernanke forbid the Dow close the week red, the NASDAQ is 4% off its Wednesday lows (-1.3% on the week) as AAPL suffers its largest 3-week decline since the March 2009 lows (closing with a $609 handle -3.6% today!) and Tech is -5.7% from QEtc. The weakness was absolutely systemic as cross-asset-class correlations were extremely high and CONTEXT (our broad risk-asset proxy) tracked lower and stabilized into the close. Gold, Copper, and Oil all ended the week clustered together down around 1.7% as the USD ended practically unchanged. Credit's mid-week epic short-squeeze lingers in traders' minds as equities underperformed. Treasury yields end the week up 9-11bps. VIX jumped back above 17% suggesting further weakness for stocks. S&P futures are dropping after-hours - closing at lows of the day - disregarding the late-day cash ramp.


Late-day surge pulls Dow back from the brink of weekly redness...but not the NASDAQ...


S&P futures plunged after-hours to the day's lows...on heavy volume...


S&P futures pulled back to the 50DMA and hover at a key trendline (off the May lows) - in the middle of the Bernanke-Draghi-Divide...


AAPL's largest 3-week decline since the March 2009 lows...


S&P Sectors post-QEtc...


Credit markets appear to have suffered a somewhat 'epic' short squeeze midweek and have been nervous to re-enter short - Monday will be interesting...


VIX was trampled at the close in an effort to ramp stocks we would suggest but that failed and it ends well above (below on the chart) QEtc. levels...


Gold, Copper, and Oil all huddled together this week - while Silver lagged...


Even as the USD ended the week unch...


Risk assets in general stabilized at the close but the weakness was very systemic...


On the year, Gold and Silver remain the winners...



Charts: Bloomberg and Capital Context


Bonus Chart: How over 200 hedge funds felt today...

Your rating: None

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Fri, 10/19/2012 - 16:12 | 2905347 SmallerGovNow2
SmallerGovNow2's picture

Riddle me this Tyler, everything sold off today, equities, oil, silver, gold...  Who was the fucking winner?

Fri, 10/19/2012 - 16:14 | 2905348 CunnyFunt
CunnyFunt's picture

Gas 'n' grains

Fri, 10/19/2012 - 16:17 | 2905363 knukles
knukles's picture


The winner were the bondditos, again!

Fri, 10/19/2012 - 16:32 | 2905378 WakeUpPeeeeeople
WakeUpPeeeeeople's picture

So is it too early to say:

Let The Games Begin!

or should I still hold off until after the "election"

Fri, 10/19/2012 - 19:47 | 2905769 mjcOH1
mjcOH1's picture

"So is it too early to say:
Let The Games Begin!"

How about "Nos morituri te salutamus"?

Fri, 10/19/2012 - 16:49 | 2905426 kaiserhoff
kaiserhoff's picture

Works until it doesn't.  Want some of them-thar 4% junk bonds, pardner?  We got a Reggie special, just for good-lookin' dudes like you.  BEEEECAUSE WE LIKE YOU!

Fri, 10/19/2012 - 17:00 | 2905444 knukles
knukles's picture

Bloody amazing.

4% junksters.
It was not long ago I bought some 30 year treasuries yielding 4.5%.
If anything is at risk, the lower quality stuffs gonna get stuffed when spreads gap if there's a down turn .... which in fair disclosure, I am expecting.
Then again, I didn't expect stocks to be up 15% ytd, either.

Comme si comme sa

Owning stocks is a dirty job and somebody (besides me) has gotta do it.

Fri, 10/19/2012 - 17:09 | 2905462 flacon
flacon's picture

Who won? OCT 20th SPY puts $144 strike price = 1,566% UP!

Too bad I didn't own any.... could have made a fucking killing today!

Fri, 10/19/2012 - 18:01 | 2905606 Randall Cabot
Randall Cabot's picture

Great Bonus Chart today

Sat, 10/20/2012 - 01:35 | 2906095 Nobody For President
Nobody For President's picture

Don't tell my mom I'm a stocktrader, she thinks I play piano in a whorehouse.

Sat, 10/20/2012 - 09:22 | 2906198 kaiserhoff
kaiserhoff's picture

Do they need an accordion player?  Oh sorry.  I misread that.

Fri, 10/19/2012 - 16:34 | 2905404 vast-dom
vast-dom's picture

REPEAT, this is NOT a sell-off or even a minor correction -- a correction would be when the real value of SP, at no more than 700, dips below said real value. today is a blip in the ponzi con.

Fri, 10/19/2012 - 17:05 | 2905477 kito
kito's picture

the past week sure smells like a sell off in au/ag/oil......................

Fri, 10/19/2012 - 23:03 | 2905999 dbomb12
Fri, 10/19/2012 - 16:14 | 2905350 CvlDobd
CvlDobd's picture

Treasuries. Dip Scheiße

Fri, 10/19/2012 - 16:14 | 2905351 IndicaTive
IndicaTive's picture

Those who didn't play?

Fri, 10/19/2012 - 16:17 | 2905362 Thecomingcollapse
Thecomingcollapse's picture

+1 Simple but brilliant answer

Fri, 10/19/2012 - 17:08 | 2905465 flacon
flacon's picture

OCT 20th SPY puts $144 strike price = 1,566% gain.

Fri, 10/19/2012 - 16:41 | 2905421 kaiserhoff
kaiserhoff's picture

Hell yes.  I'm a boob man, but flat never felt soooo good.

Fri, 10/19/2012 - 21:44 | 2905923 LibertarianX
LibertarianX's picture


Fri, 10/19/2012 - 16:45 | 2905425 malikai
malikai's picture

Thanks to Dr. Bernanke and Uncle Government, everyone plays, every day.

Fri, 10/19/2012 - 16:15 | 2905355 Tsar Pointless
Tsar Pointless's picture

Mitt Romney.

Fri, 10/19/2012 - 16:25 | 2905367 Wakanda
Wakanda's picture

Nothing will sway those undecided votors better than a solid hit to their portfolios.  Mittens should pack his bags for 1600 Penn Ave. now 'cause Goldy's got his back.

The rest is just show biz.

Fri, 10/19/2012 - 16:32 | 2905395 Racer
Racer's picture

Exactly and the precise reason the 'market' took a hit cos it is 'their market' and what they want they get

Fri, 10/19/2012 - 17:20 | 2905516 kito
kito's picture

they are ramping down now in anticipation for the HUGE RAMP UP when mittens wins.................a fool would think this is a sign of a downturn in the market...........................THE ALMIGHTY DOW SHALL SOAR WITH THE EAGLES when goldman gets what goldman wants..........

Fri, 10/19/2012 - 16:17 | 2905360 Conman
Conman's picture

Bankers who once again skewered the muppets. They got a nice out midweek. sold off left the muppets holding he bag again. Repeat next week.

Fri, 10/19/2012 - 17:52 | 2905578 Randall Cabot
Randall Cabot's picture

Some ZHer predicted just that earlier this week-maybe it was a Tyler.

Fri, 10/19/2012 - 16:24 | 2905366 Squid Vicious
Squid Vicious's picture

NOV SPY puts behaved very well today...anyone long anything except PM's deserve this beat-down and will continue next week...

Fri, 10/19/2012 - 16:21 | 2905369 LongSoupLine
LongSoupLine's picture

Goldman and Blythe.

Fri, 10/19/2012 - 16:30 | 2905389 Strawboss
Strawboss's picture

The winner today was the precious metal miners.  Many actually closed in the green even though the metals were taking a beating and the EM was being flogged out back.

The miners ALWAYS lead the metals and what the miners are saying is that the correction is over and we are heading above $1800 in gold very soon.

The miners are going to regain their mojo they have lost the last several years by outperforming every other market sector in the coming weeks/months.

Fri, 10/19/2012 - 16:45 | 2905427 Al Huxley
Al Huxley's picture

I noticed that too.  First time in years that there was such a divergence - gold off $20, large caps and hedge fund favorites taking a savage beating, and miners across the board flat or up.  This is a huge change in the dynamic for that sector.

Fri, 10/19/2012 - 17:11 | 2905502 VonManstein
VonManstein's picture

diverge began on monday it seems. impressive considering the metals this week.

however, not convinced just yet.



Fri, 10/19/2012 - 17:54 | 2905585 Randall Cabot
Randall Cabot's picture

Most likely a head fake.

Sun, 10/21/2012 - 09:49 | 2905468 TWSceptic
TWSceptic's picture

I hope you're right man, I recently invested in them and I'm almost 9% down...

Fri, 10/19/2012 - 16:34 | 2905405 Sofa King
Sofa King's picture

Winner: The guy that bought at 609 a few weeks ago.

Loser: The guy that was convinced it was worth 705 when he bought it from the Winner. 



Fri, 10/19/2012 - 16:40 | 2905417 duo
duo's picture

This just in.  Big Tex, of the Texas State Fair, upset over austerity, self immolates.



Fri, 10/19/2012 - 16:53 | 2905447 Everybodys All ...
Everybodys All American's picture

People who think Bernanke and Obama are the problem and not the solution.

Fri, 10/19/2012 - 16:58 | 2905457 hapless
hapless's picture


Fri, 10/19/2012 - 17:02 | 2905472 ebworthen
ebworthen's picture

I won because I'm not in the Casino.

Fri, 10/19/2012 - 18:37 | 2905668 Harbanger
Harbanger's picture

Cash won this round.

Fri, 10/19/2012 - 22:01 | 2905939 Stuck on Zero
Stuck on Zero's picture

Next week Microsoft will tank.  Early views of Windows 8 are showing major disappointment.  That makes Google, Apple, IBM, and MS going down.  Who's next, Samsung?


Sat, 10/20/2012 - 04:18 | 2906130 Grill Boss
Grill Boss's picture

I can tell you who the LOSER is... ITALIAN COURT FINDS CELL PHONE LIABLE FOR BRAIN CANCER... this was lost in the shuffle, what else? NONE OF THEM HAVE LIABILITY INSURANCE!... it is because insurers know this...

So while a few point drop gets everyones panties in a knot, lost for a while, but not long, will be the billions of dollars payable (in italy alone) keep in mind they found the vatican liable for their towers also... have fun with that AAPL lovers!

Fri, 10/19/2012 - 16:24 | 2905373 knukles
knukles's picture

Odd shit:

A politician claims he's cuter than Candy Crowley.


BTW, would Candy Crowley hit terminal velocity if she jumped?

Fri, 10/19/2012 - 16:28 | 2905381 Squid Vicious
Squid Vicious's picture

that fat fuck establishment shill? only solace is that she will be departed within 5 years due to her incorrigible hedonism

Fri, 10/19/2012 - 19:53 | 2905778 mjcOH1
mjcOH1's picture

"Odd shit:

A politician claims he's cuter than Candy Crowley."

Setting the bar low there.   The voters love that self-deprecating stuff.

Fri, 10/19/2012 - 16:48 | 2905436 kaiserhoff
kaiserhoff's picture

I've seen road kill look better...

The short answer is NO, but the impact crater might trigger a black hole.

Careful with that theoretical physics shit, knucks.  It could kill a good buzz;)

Fri, 10/19/2012 - 16:53 | 2905445 fuu
fuu's picture

Impact diamonds for everyone!

Fri, 10/19/2012 - 18:23 | 2905647 tsx500
tsx500's picture

i'd rather pleasure myself with a cheese grater than tap that CC rump

Fri, 10/19/2012 - 18:50 | 2905683 Harbanger
Harbanger's picture

Here's my favorite totally looks like picture of Candy Crowley.

Fri, 10/19/2012 - 20:16 | 2905817 kaiserhoff
kaiserhoff's picture

You sir, are a sick puppy, and a threat to polite society.  Welcome to the revolution.

Do NOT follow this link or you will be banned from the site!