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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...


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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.

Fri, 10/19/2012 - 20:24 | 2905829 nmewn
nmewn's picture

Is Candy the one on the left? ;-)

Fri, 10/19/2012 - 20:35 | 2905843 kaiserhoff
kaiserhoff's picture

Ah shit.  Now you've got me confused.

Fri, 10/19/2012 - 16:26 | 2905379 cocoablini
cocoablini's picture

Why would Goldman dump on Obama for Rommel...err I mean Romney. They have an absolute doormat in Obama

Fri, 10/19/2012 - 16:38 | 2905413 DeadFred
DeadFred's picture

Obama is discourteous. One wants one's servants to show a certain deference and the Kenyan version of Obamney tries to keep his base in line by dissing the bansters. No actions of course, but they're now after open vs. covert obedience.

Fri, 10/19/2012 - 17:02 | 2905460 knukles
knukles's picture

The choice is a discourteous banker's tool or an empathetic gentlemanly banker.

What sayest thou, Fair Maiden?
Takest thou pick, Good Sir Booger.
If it's snot one its 'nother, me Lady
Sir Booger, what beist that on the end of your finger?
Samples of the candidates for dinner, madame.

(Sir Booger bowing to Lady, curtseying)



Fri, 10/19/2012 - 16:47 | 2905416 RSBriggs
RSBriggs's picture

Because he wants to re-distribute THEIR wealth to his O'phone cronies, and in a second term would revert to being the Chicago thug he is - he would become completely unmanageable. 

Fri, 10/19/2012 - 16:40 | 2905418 The Fonz
The Fonz's picture


Go there and look at the top contributors for Obama and Romney, you'll see there has been quite a shift in support from bankers.

Fri, 10/19/2012 - 16:58 | 2905461 Wakanda
Wakanda's picture

The banksters need an exit strategy that includes a change in the status quo and chaos.  They need a shit storm to sneak out of town - with their PMs.  A Romney win will deliver the goods and leave a gutted, dumbed down middle class.  It will be years before the sheeple even get a clue how they've been played.  Unless...

Sat, 10/20/2012 - 13:28 | 2906525 toomanyfakecons...
toomanyfakeconservatives's picture

Unless... a) the 100+ nations BRICS alliance drops the hammer on the U.S. Dollar and quits using it for international trade and settlements b) the nations who had trillions in gold "put on deposit" (read stolen) by the FED and BIS demand it back with interest and repossess the FED and BIS with multi-trillion dollar liens.


The world is sick of green toilet paper and wants it's stolen gold back!


Fri, 10/19/2012 - 16:29 | 2905384 JPM Hater001
JPM Hater001's picture

Friday chartporn...just the way to start the weekend.

Fri, 10/19/2012 - 16:32 | 2905393 kengland
kengland's picture

So what. How many times has this happened over the last 5 years? You've been fulking hand wringing each time something like this happens. In the mean time, they still have complete control of the capital markets with freshly printed QE infinity.


What's your point? The market is finally going to realize real/fair value? To that I would ask, when will you ever learn

Fri, 10/19/2012 - 16:38 | 2905414 gamera9
gamera9's picture

What a buzz kill. There goes my brief moment of Schadenfreude

Fri, 10/19/2012 - 17:04 | 2905474 knukles
knukles's picture

+1 for das fuBlfrumptkinstaben reference

Who's wringing their hands?

Fri, 10/19/2012 - 16:37 | 2905410 fuu
fuu's picture

That image gives me vertigo.

Fri, 10/19/2012 - 16:49 | 2905431 Likstane
Likstane's picture

It makes me nauseous, nautions, nacious, sick to my stomach.

p.s my strike through doesn't seem to work.

Fri, 10/19/2012 - 16:47 | 2905432 alien-IQ
alien-IQ's picture

Some images are worth keeping readily available at all times...for moments like this.

Fri, 10/19/2012 - 16:50 | 2905438 Bansters-in-my-...
Bansters-in-my- feces's picture

FUCK YOU Bernanke...

Just had to say it.....It feels good.....

Fri, 10/19/2012 - 16:52 | 2905440 Likstane
Likstane's picture

PHUCK YOO Bernangki...

   You're right...Thanks

Fri, 10/19/2012 - 16:51 | 2905441 falak pema
falak pema's picture

roller long as money velocity stays down!

Fri, 10/19/2012 - 17:06 | 2905481 knukles
knukles's picture

Just wait!
Once "V" skyrockets, which it shall at some point in the future, it's gonna make the inflation of the 70's seem like kid's play.

Fri, 10/19/2012 - 16:53 | 2905446 Caviar Emptor
Caviar Emptor's picture

Now wait a minute...did you say "selling"?

Fri, 10/19/2012 - 16:54 | 2905448 Spastica Rex
Spastica Rex's picture

Seattle, March 2000

I was there!

Fri, 10/19/2012 - 17:00 | 2905463 Dr. Engali
Dr. Engali's picture

I wasn't.

Fri, 10/19/2012 - 17:07 | 2905485 knukles
knukles's picture

I have no clue whatsoever about March 2000.

Fri, 10/19/2012 - 17:12 | 2905507 Spastica Rex
Spastica Rex's picture

Tech Bubble 1.0




Climbing walls were a common second hand item in the office surplus circuit.


Fri, 10/19/2012 - 17:20 | 2905518 knukles
knukles's picture

Oh yeah, I remember that now.
Pets don't calm.
We had a big ass high strung nervous as a whore in church mean German Shepard and I'd tried calming him by rubbing his balls.
Didn't work too well.

Where ya get bit for dumb ass ideas.
That kind of environment, right?

Sat, 10/20/2012 - 02:09 | 2906111 Oh regional Indian
Oh regional Indian's picture

I was in it. Bay Area. 1999 through 2006. Saw the up, see-sawed the down.

It was pure, outright, unmitigated theft all around.

THe company I worked at was sold for 3.5 BILLION, all stock of course. We had 1.5 or 2 Mill in DOUBLE BOOKING revenue. Everyone was throwing money.

Company was sold (forced) onto a competitor. All kinds of back-scratching was at play. "Our" non-product was dead in it's new home within the year.

Sold on March 10th 2000.

Us locked out minions made nothing. The dump was far done by the time we were un-locked.

Figure someone knew something?

It's only much later I realized the place was crawling with :

a) Pharisees and their vulture capital clubs

b) Coke snorting Salespeople/CEO's etc.

c) Secret hand-shaking masons/society types all around

d) Black/white mail, skull duggery of the worst sort.

Typical bubble behaviour I suppose.


Fri, 10/19/2012 - 17:36 | 2905536 Caviar Emptor
Caviar Emptor's picture,

Fri, 10/19/2012 - 17:13 | 2905508 Spastica Rex
Spastica Rex's picture


Damn - I swear I didn't hit the button twice.

Fri, 10/19/2012 - 16:55 | 2905453 franzpick
franzpick's picture

Watch NoBama try to hide in plain sight while this market collapse heads on downward another 2-3% to temporary support at SPX 1400 and NDX 2600, before proceeding lower.  My screens say prez No's previously-very-successful perception management team has just reached their peter-principle level of incapacity to re-write history as it occurs, giving new awareness to Jim Lehrer's words ending the 1st debate: "Mr. President, your time is up...".

Fri, 10/19/2012 - 17:08 | 2905488 alien-IQ
alien-IQ's picture

I'm no fan of Obama or Romney but, if you are gonna blame him for the market dropping are you willing to credit him for it rising?

Fri, 10/19/2012 - 17:09 | 2905494 knukles
knukles's picture

Fuck no....

We're way past just OK now....

Fri, 10/19/2012 - 17:08 | 2905490 knukles
knukles's picture

Bush did it!

Booyah, Motherfuckers!

(pssst  Hey Penny, is that home in Honolulu ready, yet?)

Fri, 10/19/2012 - 16:58 | 2905459 falak pema
falak pema's picture

I think the reds and the  blues are playing with the roller coaster; don't ask me who wants up but I guess its red.

Fri, 10/19/2012 - 17:05 | 2905476 themacronavigator
themacronavigator's picture

Mini make or break


Fri, 10/19/2012 - 17:11 | 2905498 earleflorida
earleflorida's picture

'and the one speaks out of the 'left larynx'... whilst the other speaks from the 'right larynx'- but both come from the same windpipe... a sneeze-freeze,... seemingly frozen in ambiguity- were it naught for the 'respect-my-authoritah' voice-box of the right`eous moneyed meisters?'

LIFO... last in is certainly first out, in today's business atmosphere of bambi's sour'd uncertainty? 


go romney

Fri, 10/19/2012 - 17:11 | 2905504 klockwerks
klockwerks's picture

Glad I waited to buy more silver so another monster box ready for pickup Mon.

Fri, 10/19/2012 - 18:01 | 2905600 spekulatn
spekulatn's picture

The HOUSE always wins.

Fri, 10/19/2012 - 20:13 | 2905810 o2sd
o2sd's picture

Question for Tyler or anyone who knows. Dow September futures expire tomorrow (Saturday 20th) right? Is the settlement price/index price struck on the morning of the 19th, or at the close?

Sorry for the noob question, I just thought it strange that the future contract expires on a non-market day.


Sat, 10/20/2012 - 00:13 | 2906048 mkhs
mkhs's picture

Did  you ever think to google it? Type "futures expires saturday."

And the results:

Sat, 10/20/2012 - 08:21 | 2906175 o2sd
o2sd's picture

Yep, hence the question. I went through all of those articles and none of them say when the settlement price is struck. Thanks for nothing though.


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