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Dow Jones Industrial Average Celebrates "Four More Years" With Biggest Drop In A Year
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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It's all the fault of that Mohammed video.
The one titled "2016"?
I thought it was the Janet Napolitano documentary, "Grabbin' Crotches, Munchin' Box, and Drinkin' Diesel: An Introspective View of Homeland Security"
glad they lowered margin requirements
And her sequel to "Anger Management" called "Fat and Furiouser", starring DJ Holder...
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!
... 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?
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.
Go for it. Have all the moments you want. I seriously don't want to rain on your parade.
The Crypto-Libs have done their civic duty, and now it's off to the Hamptons and Scottsdale.
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.
#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.
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.
#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.
What Hamptons?
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.
Capital flight, bitches.
In the immortal words of George Lucas wrt Lucas Films sale to Disney:
"Estate planning bitches"
So, how's the "fear guage" looking?
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!
no pain , no gain
I preferr:
No pain, No Pain!
Poor guy, still doesn't know the difference between paper markets and physical ones.
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.
+1 for dated sheen reference. somehow it's more fun cause it's stale.
I wish you would go play in traffic.
opps did i do that?..
Appetizer. Or, as Barney Frank likes to say, just the tip of the asparagus.
A Kennedy has taken Barney Frank's seat ?
Barney Frank isn't too picky when it comes to sharing his seat.
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...
OMG - mental image - Moon Over Massachusetts - ugh
Great visual. BF, the pride of Mass.
full knotty stalk to follow soon.
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.
The Mayans saw this coming. Derivatives pffff.
Just sitting back and waiting for the stupidity to subside. Apparently people still think Obama is a Democrat.
Wake me when it gets serious. Then the liars can really get down to bidness.
Or offerness
You have a few more weeks of slumber - at least!
..The day the music died
I didn't even get an opportunity to vote Kony 2012.
The market is racist.
Da market be rayciss.
... I be uh publik skool grad.
If Obama voters = dim bulbs, then Romney voters = x. Solve for x.
the minority...which is quite ironic
The "minority" is now white, christian, conservative, married, and male.
Maybe we can apply for Minority Business Enterprise status now.
You are the victim. Breathe the pressure.
f(x)= x/157*sqrt z?
Is a limit involved?
God, I hate math.
(e*ipi) +1 = 0 says it all!
umm... my fav equation... but its e^(ipi) or e**(ipi)
yep, that's what i meant
No problem....
(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)
If Obama voters = dim bulbs ...
Is Mayor Bloomberg, he of the Bloomberg Terminal, a dim bulb?
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.
How about we redistribute it straight up his ass..
...said the actress to the bishop.
Mandate, bitchez!
It's almost like the market was being propped up until after the election.
okay...this is a serious contender for funniest comment ever
"Sadly, it appears that one can't have their Dow Jones Industrial Average and redistribute it too."
that's a winner too.
Yeah, almost. How 'bout that.
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.
4 more years of a muslimmongoloidmarxistmaniac. See y'all in the camps. Bring extra socks-gotta keep the feet warm.
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.
And put it where? A bank in France?
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.
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?
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.
"or even G. Bush."
LOL.
What about J. Bush?
ROTFLMAO.
Now, how bad was that ass fucking GW put on our republic?
The Republic? GW ended it. Obama is simply burning the corpse.
GW? GTFO.
Honest Abe ended it.
pods
Can you even have an imperial republic?
Quit hatin' on Abe!
Et tu, Brute?
Or was it Augustus....
Are you campaigning to be a poster boy?
Oh, Romney does have core beliefs, you just wouldn't like them...
Majic underwear only cover yer @zz, not a multitude of sins...
zh is deleting comments they don't like.
I wonder how long until shorting is outlawed...
Republicans seem confused as to why they lost:
STOP BEING BIGOTS YOU FUCKING MORONS AND PAY ATTENTION IN SCIENCE CLASS YOU RIDICULOUS RETARDS.
amen. total artards.
STFU, rape babies do come from god u moron.
I need a ruling on Poe's Law...
This one is real close...
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.
Actually, a fairly accurate chacterization of quite a few people within that 50%, but certainly unfair to those who are not.
And this demographic assumption is based on what?
The words they say when trying to get elected, as if the audience is still attending a 1955 Klan rally in Mississippi.
Yep, I'd say this is a fair statement...
because Ron Paul never supported them
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.
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.
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.
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.
If you voted in New Haven CT, you get a loaf of bread. Is it nice.
I love the smell of circuit breakers in the "mourn".
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!
Optimist.
I was thinking more along the lines of dickhead.
Filled up my truck this morning with Obama Gas.
Eat your peas mother fuckers!
Kevin must have overslept due to last night's Obama celebration..
Someone wake him up!!
Obama Bendoverbenghazi Wall St. is celebrating in your honor!
Praise be to Allah!
Long on mosque supplies, comrades!
The market will get bid up after the London close in 5...4...3...
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??
This will be lead to a nice tourism boost in Colorado--should be great ski season.
As well as a nice boost in Homeland drone operations.
Gotta train those kids in Colorado Springs somehow...
time to bring out the deer?
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.
"Il n'est pas certain que tout soit incertain."
but Edges appear Closer
Not sure where this is going, but it is a helluva opening line...
The Fiscal Cliff:
http://tinypic.com/r/mmxxrn/6
Michelle hiring extra staff to plan 4 years of vacations.
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.
. . . and Holder . . . even worse.
" My Government Created 16 Trillion $$ and All I Got Was This Lousy Tee-Shirt"
Or was it a used Spiderman towel?
And you had to buy the damn T-shirt and pay sales tax too.
... and the T-shirt was made and printed in China!
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!!
@ writingsonthewall
Your assertion is so idiotic that those who have read it are now more stupid for having done so.
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.
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.
Bullish ZeroHedge.
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.
That's their plan. Then you're a dependent, and a sure-fire democratic voter.
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!!
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
a certain barbarous relic comes to mind ........
01.19.2017
What is this? When President Obama gets replaced? How do you know it will be any better?
"FORWARD!"
I understand that bridges all over the country are being clogged by fascists and racists wanting to jump off.
Get out before the red diaper babies take it all.
All your stuff are now belong to us.
--The Reds.
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.
Margin calls and covering
The hope that bronco could change paper to oil and gold has given way to reality.
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.
Hangovers suck.
Especially ones that last another 4 years...
Extending the previous 99.
This slump in the market is just a warning from Wall Street, that unless Obama looks after Wall Street, all hell can break loose.
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
He who runs first runs best.
How about them coal stocks....
Ouch...
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.
it's all Cliff's fault, Fiscal Cliff
Mr. Cliff, meet Mr. Congress
Mr. Cliff Goes to Washington
whoooaaaahhhhh