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...

0
Your rating: None
 

- advertisements -

Comment viewing options

Select your preferred way to display the comments and click "Save settings" to activate your changes.
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!

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