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Dow Jones Industrial Average Celebrates "Four More Years" With Biggest Drop In A Year

Tyler Durden's picture




 

It seems like only last night everyone was celebrating more hope, if not much change. Now comes the hangover. The Dow Jones intraday drop is now 2.23% (and rising), greater than the biggest drop so far in 2012 record on June 1. The last time the market plunged as much: literally one year ago, or November 9, 2011. Sadly, it appears that one can't have their Dow Jones Industrial Average and redistribute it too.

And if the surge in vol the last time we had moves of this magnitude is any indication, we can solmenly say that the world's most overrated job for the next 2 months (and 4 years) will be the Chief Redemption Officer, at any hedge fund.

 

and the S&P futures are at a critical level...below Draghi's Elbow...

 

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Wed, 11/07/2012 - 12:20 | 2956389 Precious
Precious's picture

It's all the fault of that Mohammed video.

Wed, 11/07/2012 - 12:25 | 2956432 krispkritter
krispkritter's picture

The one titled "2016"?

Wed, 11/07/2012 - 12:29 | 2956463 redpill
redpill's picture

I thought it was the Janet Napolitano documentary, "Grabbin' Crotches, Munchin' Box, and Drinkin' Diesel: An Introspective View of Homeland Security"

Wed, 11/07/2012 - 12:33 | 2956490 spastic_colon
spastic_colon's picture

glad they lowered margin requirements

Wed, 11/07/2012 - 12:38 | 2956529 krispkritter
krispkritter's picture

And her sequel to "Anger Management" called "Fat and Furiouser", starring DJ Holder...

Wed, 11/07/2012 - 12:28 | 2956458 jdelano
jdelano's picture

Seeing this as a special message of "fuck you" to Obama, I can't help but feel it's my patriotic duty to participate.  Don't get me wrong, I'd do the same for Romney, but Obama's just that much douchier which makes it even more satisfying.  What a great day in the (fake) market!  

Wed, 11/07/2012 - 12:33 | 2956484 RichardP
RichardP's picture

... special message of "fuck you" to Obama ...

I thought it was long expected that the market was being artificially propped up to help Obama get re-elected.  And, equally expected, if Obama was re-elected, the market would be allowed to seek true price discoverey beginning the day after the election.  To the extent that such analysis was/is true, how can the market being allowed to seek its true level be a "fuck you" to Obama?

 

Wed, 11/07/2012 - 12:38 | 2956531 jdelano
jdelano's picture

I agree with your logic sir.  but let me have my fucking moment, okay?  The occassional indulgence in delusion greatly abets the effort of maintaining sanity.  

Wed, 11/07/2012 - 12:50 | 2956625 RichardP
RichardP's picture

Go for it.  Have all the moments you want.  I seriously don't want to rain on your parade.

Wed, 11/07/2012 - 13:02 | 2956717 Precious
Precious's picture

The Crypto-Libs have done their civic duty, and now it's off to the Hamptons and Scottsdale.

Wed, 11/07/2012 - 13:04 | 2956732 RockyRacoon
RockyRacoon's picture

The usual pundits can get back to Obama bashing, Congress gridlock, and liberal hyping.  The status quo has been maintained.  I'm doing as I did previous to the election: stacking the metal.

Wed, 11/07/2012 - 16:05 | 2957678 Jack Napier
Jack Napier's picture

#winning @ RockyRaccoon

5 thumbs down? Are you serious people? This place must be seething with trolls, spooks, paper bugs, and schizophrenics who fantaize about Project Mayhem.

Sun, 11/11/2012 - 14:14 | 2970227 RockyRacoon
RockyRacoon's picture

Most folks don't actually read comments; they just look for key words.  Then they cast a "vote" on the comment.   All I said was that the world (especially the media) can kiss my fuzzy coon butt -- I'm doing what I always did.

Wed, 11/07/2012 - 16:05 | 2957681 Jack Napier
Jack Napier's picture

#winning @ RockyRaccoon

5 thumbs down? Are you serious people? This place must be seething with trolls, spooks, paper bugs, and schizophrenics who fantasize about Project Mayhem.

Wed, 11/07/2012 - 13:05 | 2956737 malikai
malikai's picture

What Hamptons?

Wed, 11/07/2012 - 13:16 | 2956791 Vince Clortho
Vince Clortho's picture

Seeing this as a special message to Obama:

You may be right.  Or it could just be some profit taking after the big Market runup for several months prior to the election.

The Banker Boys are happy regardless.  Guaranteed 4 more years of tweaking the ponzi and scamming what is left of the middle class.

Look for a big runup at the end of this week or the start of next week when the algos mysteriously change moods and find something to be happy about.

Wed, 11/07/2012 - 13:50 | 2957011 zerozulu
zerozulu's picture

Capital flight, bitches.

Wed, 11/07/2012 - 14:18 | 2957144 dracos_ghost
dracos_ghost's picture

In the immortal words of George Lucas wrt Lucas Films sale to Disney:

"Estate planning bitches"

Wed, 11/07/2012 - 12:41 | 2956558 Stoploss
Stoploss's picture

So, how's the "fear guage" looking?

Wed, 11/07/2012 - 12:44 | 2956590 Bangin7GramRocks
Bangin7GramRocks's picture

Wait! What happened to gold rising to $5000 if Obama wins? Did I miss something? Oh, that's right. All the markets are rigged but somehow you all believe the gold market will act on natural forces. Silly bastards! If gold is ever valued at >$10,000 an ounce, there won't be any organized market to trade it. You will be buying beans from a guy by candlelight and settling up with a small scale. Be careful what you wish for!

Wed, 11/07/2012 - 13:02 | 2956720 tsx500
tsx500's picture

no pain , no gain

Mon, 11/12/2012 - 15:16 | 2973560 helping_friendl...
helping_friendly_book's picture

I preferr:

No pain, No Pain!

Wed, 11/07/2012 - 13:02 | 2956721 LawsofPhysics
LawsofPhysics's picture

Poor guy, still doesn't know the difference between paper markets and physical ones.

Wed, 11/07/2012 - 13:10 | 2956763 Bangin7GramRocks
Bangin7GramRocks's picture

And where will this physical market be after a total economic meltdown? Society will breakdown in a week. Good luck meeting the boys in lower Manhattan to do some good ol' gold trading after anarchy erupts.

Wed, 11/07/2012 - 13:16 | 2956798 jdelano
jdelano's picture

+1 for dated sheen reference.  somehow it's more fun cause it's stale.  

Wed, 11/07/2012 - 13:17 | 2956799 Vince Clortho
Vince Clortho's picture

I wish you would go play in traffic.

Wed, 11/07/2012 - 12:20 | 2956392 mrktwtch2
mrktwtch2's picture

opps did i do that?..

Wed, 11/07/2012 - 12:20 | 2956395 Cursive
Cursive's picture

Appetizer.  Or, as Barney Frank likes to say, just the tip of the asparagus.

Wed, 11/07/2012 - 12:24 | 2956428 whatsinaname
whatsinaname's picture

A Kennedy has taken Barney Frank's seat ?

Wed, 11/07/2012 - 12:30 | 2956472 redpill
redpill's picture

Barney Frank isn't too picky when it comes to sharing his seat.

Wed, 11/07/2012 - 12:39 | 2956543 krispkritter
krispkritter's picture

When he croaks they can bury him with his ass sticking out of the ground...so his friends can drop by for a cold one...

Wed, 11/07/2012 - 12:45 | 2956595 RSloane
RSloane's picture

OMG - mental image - Moon Over Massachusetts - ugh

Wed, 11/07/2012 - 13:18 | 2956808 Vince Clortho
Vince Clortho's picture

Great visual.  BF, the pride of Mass.

Wed, 11/07/2012 - 12:26 | 2956438 bigdumbnugly
bigdumbnugly's picture

full knotty stalk to follow soon.

 

Wed, 11/07/2012 - 12:22 | 2956398 buzzsaw99
buzzsaw99's picture

What a bunch of bullshit. Those maggots were just looking for an excuse to sell. Their ass has been writing checks they can't cash ever since the hank paulson shakedown. Die wall street! The only redistribution going on is from usa citizen to joo bankers and friends.

Wed, 11/07/2012 - 12:48 | 2956624 HurricaneSeason
HurricaneSeason's picture

The Mayans saw this coming.  Derivatives pffff.

Wed, 11/07/2012 - 12:21 | 2956400 Lost Wages
Lost Wages's picture

Just sitting back and waiting for the stupidity to subside. Apparently people still think Obama is a Democrat.

Wed, 11/07/2012 - 12:21 | 2956401 Cognitive Dissonance
Cognitive Dissonance's picture

Wake me when it gets serious. Then the liars can really get down to bidness.

Wed, 11/07/2012 - 12:40 | 2956549 CClarity
CClarity's picture

Or offerness

Wed, 11/07/2012 - 13:15 | 2956789 RSloane
RSloane's picture

You have a few more weeks of slumber - at least!

Wed, 11/07/2012 - 12:21 | 2956402 SMG
SMG's picture

..The day the music died

Wed, 11/07/2012 - 12:37 | 2956406 EscapeKey
EscapeKey's picture

I didn't even get an opportunity to vote Kony 2012.

Wed, 11/07/2012 - 12:22 | 2956409 NumberNone
NumberNone's picture

The market is racist.

Wed, 11/07/2012 - 12:59 | 2956700 GOSPLAN HERO
GOSPLAN HERO's picture

Da market be rayciss.

... I be uh publik skool grad.

Wed, 11/07/2012 - 12:22 | 2956410 TeamDepends
TeamDepends's picture

If Obama voters = dim bulbs, then Romney voters = x.  Solve for x.

Wed, 11/07/2012 - 12:24 | 2956434 Agent P
Agent P's picture

the minority...which is quite ironic

Wed, 11/07/2012 - 12:59 | 2956698 madcows
madcows's picture

The "minority" is now white, christian, conservative, married, and male.

Maybe we can apply for Minority Business Enterprise status now.

Wed, 11/07/2012 - 12:25 | 2956437 Spastica Rex
Spastica Rex's picture

f(x)= x/157*sqrt z?

Is a limit involved?

God, I hate math.

Wed, 11/07/2012 - 12:49 | 2956635 Randall Cabot
Randall Cabot's picture

(e*ipi) +1 = 0 says it all!

Wed, 11/07/2012 - 13:19 | 2956813 Flakmeister
Flakmeister's picture

umm... my fav equation... but its e^(ipi)  or e**(ipi)

Wed, 11/07/2012 - 14:07 | 2957102 Randall Cabot
Randall Cabot's picture

yep, that's what i meant

Wed, 11/07/2012 - 14:32 | 2957221 Flakmeister
Flakmeister's picture

No problem....

Wed, 11/07/2012 - 12:57 | 2956690 HurricaneSeason
HurricaneSeason's picture

(pension plan+social security+healthcare+military industrial complex)/x as x goes to zero is at a critical point

x=anything productive accomplished done in this country(x does not equal affirmative action, subsidies, employee training, bailouts, grants, solar power, windmills, etc)

 

 

Wed, 11/07/2012 - 12:36 | 2956515 RichardP
RichardP's picture

If Obama voters = dim bulbs ...

Is Mayor Bloomberg, he of the Bloomberg Terminal, a dim bulb?

Wed, 11/07/2012 - 12:36 | 2956413 Dr. Richard Head
Dr. Richard Head's picture

I know I drank a wee bit too much last night and the cheeseburger that I ate from catering does not seem to want to stay where I put it.  Burger coming up, DOW dropping down.

Wed, 11/07/2012 - 12:23 | 2956415 Stoploss
Stoploss's picture

How about we redistribute it straight up his ass..

Wed, 11/07/2012 - 12:31 | 2956480 Itch
Itch's picture

...said the actress to the bishop.

Wed, 11/07/2012 - 12:23 | 2956416 Agent P
Agent P's picture

Mandate, bitchez!

Wed, 11/07/2012 - 12:23 | 2956417 Water Is Wet
Water Is Wet's picture

It's almost like the market was being propped up until after the election.

Wed, 11/07/2012 - 12:27 | 2956454 Agent P
Agent P's picture

okay...this is a serious contender for funniest comment ever

Wed, 11/07/2012 - 12:30 | 2956475 jdelano
jdelano's picture

"Sadly, it appears that one can't have their Dow Jones Industrial Average and redistribute it too."

 

that's a winner too.  

Wed, 11/07/2012 - 12:27 | 2956455 Bastiat
Bastiat's picture

Yeah, almost. How 'bout that.

Wed, 11/07/2012 - 12:39 | 2956534 you enjoy myself
you enjoy myself's picture

i bet you we rally hard starting right about now.  we're going to close maybe 10-15 pts down, with a face-ripping rally tomorrow.  the manipulation is never going to end.

Wed, 11/07/2012 - 12:23 | 2956420 Sutton
Sutton's picture

4 more years of a muslimmongoloidmarxistmaniac.  See y'all in the camps.  Bring extra socks-gotta keep the feet warm.

Wed, 11/07/2012 - 12:25 | 2956435 bigrooster
bigrooster's picture

The wealthy have spoken!  "Screw you Obama you are not going to take our money and turn it into EBT credits and Obama phones.  First they will take their money out of the markets.  Then many will take it out of the country.

Wed, 11/07/2012 - 12:26 | 2956444 Spastica Rex
Spastica Rex's picture

And put it where? A bank in France?

Wed, 11/07/2012 - 12:35 | 2956503 jdelano
jdelano's picture

I wuz thinking Turk's or St. Lucia... Phz in the vault, guns in the safe.  Or both in the safe.  Still working out the details.  

Wed, 11/07/2012 - 12:38 | 2956527 Dr. Richard Head
Dr. Richard Head's picture

Stock drpo might be perfect pretext to force 401K and IRA into government debt.  Lord knows, the brown people of the world are either too busy running away from US debt or US bombs to be buying.  The old "bomb and bribe" strategy of the last 50 years ain't gonna work for too much longer....or will it?

Wed, 11/07/2012 - 12:25 | 2956436 FreedomGuy
FreedomGuy's picture

We may be in for a wild ride. As a libertarian type conservative I think I might advise Boehner and the Republican Congress to let everything Obama wants to sail through...budgets, social policies, new government agencies, income redistribution, tax increases. Do it all. Watch the consequences. Take the fall. Then nominate a true conservative in 2016 when we are in the Ayn Rand armageddon. Stay away from these milktoast moderate centrist no core belief types like Romney and McCain...or even G. Bush.

Wed, 11/07/2012 - 12:34 | 2956501 Bicycle Repairman
Bicycle Repairman's picture

"or even G. Bush."

LOL.

What about J. Bush?

ROTFLMAO.

Wed, 11/07/2012 - 12:37 | 2956522 LasVegasDave
LasVegasDave's picture

Now, how bad was that ass fucking GW put on our republic?

Wed, 11/07/2012 - 12:41 | 2956562 Bicycle Repairman
Bicycle Repairman's picture

The Republic?  GW ended it.  Obama is simply burning the corpse.

Wed, 11/07/2012 - 13:08 | 2956754 pods
pods's picture

GW?  GTFO.

Honest Abe ended it.

pods

Wed, 11/07/2012 - 13:27 | 2956859 Spastica Rex
Spastica Rex's picture

Can you even have an imperial republic?

Quit hatin' on Abe!

Wed, 11/07/2012 - 13:33 | 2956896 Flakmeister
Flakmeister's picture

Et tu, Brute?

Or was it Augustus....

Wed, 11/07/2012 - 12:39 | 2956542 Flakmeister
Flakmeister's picture

Are you campaigning to be a poster boy?

Oh, Romney does have core beliefs, you just wouldn't like them...

Wed, 11/07/2012 - 18:32 | 2958426 StychoKiller
StychoKiller's picture

Majic underwear only cover yer @zz, not a multitude of sins...

Wed, 11/07/2012 - 12:26 | 2956446 buzzsaw99
buzzsaw99's picture

zh is deleting comments they don't like.

Wed, 11/07/2012 - 12:27 | 2956447 sink critically
sink critically's picture

I wonder how long until shorting is outlawed...

Wed, 11/07/2012 - 12:27 | 2956449 Lost Wages
Lost Wages's picture

Republicans seem confused as to why they lost:

STOP BEING BIGOTS YOU FUCKING MORONS AND PAY ATTENTION IN SCIENCE CLASS YOU RIDICULOUS RETARDS.

Wed, 11/07/2012 - 12:28 | 2956457 buzzsaw99
buzzsaw99's picture

amen. total artards.

Wed, 11/07/2012 - 12:35 | 2956507 Itch
Itch's picture

STFU, rape babies do come from god u moron.

Wed, 11/07/2012 - 15:15 | 2957433 Flakmeister
Flakmeister's picture

I need a ruling on Poe's Law...

This one is real close...

Wed, 11/07/2012 - 12:41 | 2956541 NumberNone
NumberNone's picture

And wiithin 12 hours of the election with one fell swoop the liberal democrats ended the bipartisanship dialogue by labeling 50% of the country bigots, homophobes, and retards. 

Wed, 11/07/2012 - 13:33 | 2956894 Ned Zeppelin
Ned Zeppelin's picture

Actually, a fairly accurate chacterization of quite a few people within that 50%, but certainly unfair to those who are not.

Wed, 11/07/2012 - 14:21 | 2957147 NumberNone
NumberNone's picture

And this demographic assumption is based on what?

Wed, 11/07/2012 - 15:17 | 2957445 Lost Wages
Lost Wages's picture

The words they say when trying to get elected, as if the audience is still attending a 1955 Klan rally in Mississippi.

Wed, 11/07/2012 - 16:05 | 2957680 Flakmeister
Flakmeister's picture

Yep, I'd say this is a fair statement...

Wed, 11/07/2012 - 12:49 | 2956629 Half_A_Billion_...
Half_A_Billion_Hollow_Points's picture

because Ron Paul never supported them

Wed, 11/07/2012 - 12:50 | 2956639 Plymster
Plymster's picture

Exactly.  This is a minor temper tantrum by a bunch of old men who behave like children.  All this cash is flowing directly into bonds.  As the Fed continues their rampant destruction of the dollar, the whiny bitches will run for equities again.

Of course, if were a hopeful man, I would say that this is the banks getting protective because they fear Obama will be gunning for them after they backed Mittens.  But realistically this administration is about as likely to take any action against the criminals on Wall Street as Mitt's would've been.

Wed, 11/07/2012 - 13:34 | 2956900 Ned Zeppelin
Ned Zeppelin's picture

Correct as to the last part - Obama has been Wall Street's best friend. One need look no further than Timmah, Ben and the zombie Holder.

Wed, 11/07/2012 - 12:54 | 2956668 madcows
madcows's picture

I'm not confused.  There are now more minorities than there are whites.  They vote overwhelmingly democratic.

There are also many more takers than there are producers.  They, too, also vote overwhelmingly democratic.

It's not that we are bigots.  We are simply the minority now.  This is now a nation of democrats.  Collapse is imminent.... of course, the rich will be gone by then.  You get what you vote for.

Wed, 11/07/2012 - 14:53 | 2957232 Blankenstein
Blankenstein's picture

Sorry dude, but the huge bummer cheerleaders on my FB page who are always posting why their "team"is the best, are not the smartest ones of the group.  And they haven't been in a science class since high school biology.  The smart ones tend not to try and force their opinions on everyone and didn't care for either candidate.  Also, check out the dropout rates of the urban areas that were overwhelmingly in favor of team blue.  

 

edit:

And this is not an endorsement of republicans, they also have their idiots.  I'm just calling you out on your partisan lies.   

Wed, 11/07/2012 - 12:27 | 2956451 Rustysilver
Rustysilver's picture

If you voted in New Haven CT, you get a loaf of bread. Is it nice.

Wed, 11/07/2012 - 12:27 | 2956453 The Gooch
The Gooch's picture

I love the smell of circuit breakers in the "mourn".

 

Wed, 11/07/2012 - 12:28 | 2956459 sbenard
sbenard's picture

Stocks celebrate tyranny!Nothing to worry about, I'm sure!

Fiscal cliff. Dead ahead!
Nuclear Iran. 100% certain.
War in Middle East. Before next summer.
Debt brick wall. Within 2 years.
Debt ceiling breach. Before end of this year.
Obama's Tyrannycare. Now locked in stone.
Recession. By end of Q1 2013.
Gas prices over $7/gallon. By mid-2014.
Dollar Devastation. Bernanke remains Fed chair after 2013.
The Greatest Depression. By end of 2014.
Arms race in the Middle East. Egypt has now declared its intentions to develop nukes and has requested Iran's help.
Financial market collapse. Begins with bond markets as debt collapses the economic house of cards by end of 2014.

Doomsday scenario -- greater than 50/50 probability:
EMP attack on United States. Within 2 years, probably less.
Hit debt brick wall. By end of 2014.
Economic Depression. By end of 2014.
3 Supreme Court appointments by Obama. Within 3 years. "Fundamental transformation" complete!
World War. By mid-2015.
Hyperinflation. See Dollar devastation above. Buy gold!
Food prices so high people are starving. See Dollar devastation.
Civil war in America. 50/50 probability in next 4 years.
Persecution of Christians. Begins immediately!

America, your Republic is DEAD!
Calamity is certainty! Plan and prepare accordingly!

Wed, 11/07/2012 - 12:34 | 2956499 Ms. Erable
Ms. Erable's picture

Optimist.

Wed, 11/07/2012 - 12:47 | 2956619 Ned Zeppelin
Ned Zeppelin's picture

I was thinking more along the lines of dickhead. 

Wed, 11/07/2012 - 12:45 | 2956594 NotApplicable
NotApplicable's picture

Filled up my truck this morning with Obama Gas.

Wed, 11/07/2012 - 12:45 | 2956602 Dr. Engali
Dr. Engali's picture

Eat your peas mother fuckers!

Wed, 11/07/2012 - 12:29 | 2956460 Trimmed Hedge
Trimmed Hedge's picture

Kevin must have overslept due to last night's Obama celebration..

Someone wake him up!!

Wed, 11/07/2012 - 12:29 | 2956464 FubarNation
FubarNation's picture

Obama Bendoverbenghazi Wall St. is celebrating in your honor!

 

Praise be to Allah!

Wed, 11/07/2012 - 12:46 | 2956610 lakecity55
lakecity55's picture

Long on mosque supplies, comrades!

Wed, 11/07/2012 - 12:30 | 2956470 Orly
Orly's picture

The market will get bid up after the London close in 5...4...3...

Wed, 11/07/2012 - 12:30 | 2956471 lolmao500
lolmao500's picture

No article on Fitch warning the US that a downgrade is coming if the deficits are not cut??

No article on the various amendment that were passed in the states?? Like legalizing marijuana in Colorado and Washington??

Wed, 11/07/2012 - 12:34 | 2956500 Bastiat
Bastiat's picture

This will be lead to a nice tourism boost in Colorado--should be great ski season.

Wed, 11/07/2012 - 12:47 | 2956615 NotApplicable
NotApplicable's picture

As well as a nice boost in Homeland drone operations.

Gotta train those kids in Colorado Springs somehow...

Wed, 11/07/2012 - 12:31 | 2956477 marcusfenix
marcusfenix's picture

time to bring out the deer?

 

Wed, 11/07/2012 - 12:43 | 2956578 Ms. Erable
Ms. Erable's picture

Too late - it's been run over and served up for dinner at the Roadkill Grill. I hear it was grazing on hopium at the time.

Wed, 11/07/2012 - 12:32 | 2956482 CloseToTheEdge
CloseToTheEdge's picture

"Il n'est pas certain que tout soit incertain."

but Edges appear Closer

Wed, 11/07/2012 - 12:32 | 2956483 Calidreaming
Calidreaming's picture

Today is the most fun I had since the Anita Bryant concert

Wed, 11/07/2012 - 13:34 | 2956902 Flakmeister
Flakmeister's picture

Not sure where this is going, but it is a helluva opening line...

Wed, 11/07/2012 - 12:32 | 2956485 krispkritter
krispkritter's picture

The Fiscal Cliff:

http://tinypic.com/r/mmxxrn/6

Wed, 11/07/2012 - 12:32 | 2956487 Bastiat
Bastiat's picture

Michelle hiring extra staff to plan 4 years of vacations.

Wed, 11/07/2012 - 12:35 | 2956505 FubarNation
FubarNation's picture

You know what I was pretty dissapointed (not surprised however) at Mitt's loss last night. 

 

But I got really pissed when I realized I'd have to hear about her and her vactions for another 4 fucking years.

Wed, 11/07/2012 - 12:38 | 2956528 Bastiat
Bastiat's picture

. . . and Holder . . . even worse.

Wed, 11/07/2012 - 12:33 | 2956495 cdude
cdude's picture

" My Government Created 16 Trillion $$ and All I Got Was This Lousy Tee-Shirt" 

Wed, 11/07/2012 - 12:41 | 2956555 krispkritter
krispkritter's picture

Or was it a used Spiderman towel?

Wed, 11/07/2012 - 12:41 | 2956556 Bastiat
Bastiat's picture

And you had to buy the damn T-shirt and pay sales tax too.

Wed, 11/07/2012 - 12:57 | 2956689 cdude
cdude's picture

... and the T-shirt was made and printed in China!

Wed, 11/07/2012 - 12:33 | 2956496 writingsonthewall
writingsonthewall's picture

This is the 1% having a hissy fit because their party lost the election. Typical sore losers - they are going for MAD because they lost to the people.

 

..either that or Trump is liquidating his positions because Obama just released his college records!!

Wed, 11/07/2012 - 12:52 | 2956561 cdude
cdude's picture

@ writingsonthewall

Your assertion is so idiotic that those who have read it are now more stupid for having done so. 

Wed, 11/07/2012 - 12:46 | 2956613 Ms. Erable
Ms. Erable's picture

Really? Looks to me like the bankster party won again last night. You'd be able to see that if your head wasn't so far up your own ass.

Wed, 11/07/2012 - 12:52 | 2956656 Totentänzerlied
Totentänzerlied's picture

There was no quesiton of winning your ignorant moron. The people are the ones who really lost. Lost their fucking minds voting for either of those tools. The last 12 years? The indictment, trial, closing arguments, and sentencing of an idiotic, complacent, servile, greedy, lazy, muppetized population. The next 12 years? The punishment due.

Wed, 11/07/2012 - 12:34 | 2956498 Pairadimes
Pairadimes's picture

Bullish ZeroHedge.

Wed, 11/07/2012 - 12:35 | 2956506 ebworthen
ebworthen's picture

More taxes and fees and increased preimiums for everyone.

Businesses to fire more people and hire part-timers so they don't have to pay health insurance.

People who can't afford it getting "fined" (taxed) to supplement the sick-care industry.

More food stamps, more SS disability, more downsizing of households, contraction will abound.

Wed, 11/07/2012 - 12:46 | 2956614 madcows
madcows's picture

That's their plan.  Then you're a dependent, and a sure-fire democratic voter.

Wed, 11/07/2012 - 12:35 | 2956508 Mad Mad Woman
Mad Mad Woman's picture

So the rich are cashing out?  Where you going to put your money?  Heh heh

There's no safe places anymore to put your money! So what ya gonna do?

Die Bitchez!!

Wed, 11/07/2012 - 12:45 | 2956606 madcows
madcows's picture

A fall in the value of the markets doesn't necessarily mean cashing out.  It reflects a revaluation of the companies in the market.  Investors realize that obamao is anti business, anti economy, and businesses will be financially impacted by that.  The drop in the market represents people's expectations of a weakening economy, and thus they are willing to pay less for a share in the company.

They may also be cashing out.  They certainly should.  The excise tax will be raised from 14% to 40% under democrats.  They had better sell now, or they will lose an enormous amount of money.

There are better places to be.  Primarily commodities.  The value of the dollar plummeted after HIS reelection.  It would be wise to divest of anything connected to the dollar (bonds or equities), and move to something that will retain value independent of the currency.  That's what people do in countries suffering from currency collapse.  Look at Iran. The people trade their currency for dollars or metals as soon as they get it.  And, when they need to, they trade back in.  That way, they have preserved the value of money while the currency has depreciated.

This country won't last another 4 years.  Collapse is imminent.  I'd suggest you divest of dollars and batten down the hatches.  We're gonna make Greece look like Shangri La

Wed, 11/07/2012 - 13:10 | 2956765 tsx500
tsx500's picture

a certain barbarous relic comes to mind ........

Wed, 11/07/2012 - 12:36 | 2956512 TheAlchemist
TheAlchemist's picture

01.19.2017

Wed, 11/07/2012 - 14:13 | 2957120 Orly
Orly's picture

What is this?  When President Obama gets replaced?  How do you know it will be any better?

Wed, 11/07/2012 - 12:36 | 2956513 madcows
madcows's picture

"FORWARD!"

Wed, 11/07/2012 - 12:36 | 2956516 Hacksaw
Hacksaw's picture

I understand that bridges all over the country are being clogged by fascists and racists wanting to jump off.

Wed, 11/07/2012 - 12:36 | 2956517 surf0766
surf0766's picture

Get out before the red diaper babies take it all.

Wed, 11/07/2012 - 12:42 | 2956568 lakecity55
lakecity55's picture

All your stuff are now belong to us.

--The Reds.

Wed, 11/07/2012 - 12:36 | 2956518 buzzsaw99
buzzsaw99's picture

Wait, I thought Owebama was supposed to be good for gold and oil? I read it right here. WTF?? Someone please explain, only goldbugs can explain the opinions of other goldbugs. Please explain.

Wed, 11/07/2012 - 12:41 | 2956560 Maos Dog
Maos Dog's picture

Margin calls and covering

Wed, 11/07/2012 - 12:42 | 2956565 sink critically
sink critically's picture

The hope that bronco could change paper to oil and gold has given way to reality.

Wed, 11/07/2012 - 13:52 | 2957025 Panafrican Funk...
Panafrican Funktron Robot's picture

People that are actual "goldbugs" view their holdings as a store of wealth, and truly don't give a shit about the convertibility of their holdings into USD or any other paper currency.  

For those who were merely speculating in short term price movements, gold is still doing a hell of a lot better than stocks.  Which is to be expected, gold did a hell of a lot better than stocks during the last crash.  

Wed, 11/07/2012 - 12:37 | 2956524 fuu
fuu's picture

Hangovers suck.

Wed, 11/07/2012 - 12:42 | 2956563 krispkritter
krispkritter's picture

Especially ones that last another 4 years...

Wed, 11/07/2012 - 12:59 | 2956707 fuu
fuu's picture

Extending the previous 99.

Wed, 11/07/2012 - 12:37 | 2956525 Peter Pan
Peter Pan's picture

This slump in the market is just a warning from Wall Street, that unless Obama looks after Wall Street, all hell can break loose.

Wed, 11/07/2012 - 12:39 | 2956544 Maos Dog
Maos Dog's picture

Totally engineered market collapse to set-up the next looting spree via TARP^2 and Stimilus^2

Thought they would wait at least 24 hours before they started lol

Wed, 11/07/2012 - 12:48 | 2956628 NotApplicable
NotApplicable's picture

He who runs first runs best.

Wed, 11/07/2012 - 12:40 | 2956548 Flakmeister
Flakmeister's picture

How about them coal stocks....

Ouch...

Wed, 11/07/2012 - 12:41 | 2956552 lakecity55
lakecity55's picture

Thank God I did not let my desire for a Mittens victory outweigh my financial brain. I cashed out of equity but for 1 last week.

Wed, 11/07/2012 - 12:42 | 2956564 Frank N. Beans
Frank N. Beans's picture

it's all Cliff's fault, Fiscal Cliff

Mr. Cliff, meet Mr. Congress

Mr. Cliff Goes to Washington

whoooaaaahhhhh

 

 

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