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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Precious's picture

It's all the fault of that Mohammed video.

redpill's picture

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

spastic_colon's picture

glad they lowered margin requirements

krispkritter's picture

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

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!  

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?

 

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.  

RichardP's picture

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

Precious's picture

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

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.

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.

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.

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.

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.

zerozulu's picture

Capital flight, bitches.

dracos_ghost's picture

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

"Estate planning bitches"

Stoploss's picture

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

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!

helping_friendly_book's picture

I preferr:

No pain, No Pain!

LawsofPhysics's picture

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

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.

jdelano's picture

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

Vince Clortho's picture

I wish you would go play in traffic.

mrktwtch2's picture

opps did i do that?..

Cursive's picture

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

whatsinaname's picture

A Kennedy has taken Barney Frank's seat ?

redpill's picture

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

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...

RSloane's picture

OMG - mental image - Moon Over Massachusetts - ugh

Vince Clortho's picture

Great visual.  BF, the pride of Mass.

bigdumbnugly's picture

full knotty stalk to follow soon.

 

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.

HurricaneSeason's picture

The Mayans saw this coming.  Derivatives pffff.

Lost Wages's picture

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

Cognitive Dissonance's picture

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

RSloane's picture

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

SMG's picture

..The day the music died

EscapeKey's picture

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

NumberNone's picture

The market is racist.

GOSPLAN HERO's picture

Da market be rayciss.

... I be uh publik skool grad.

TeamDepends's picture

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

Agent P's picture

the minority...which is quite ironic

madcows's picture

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

Maybe we can apply for Minority Business Enterprise status now.

Spastica Rex's picture

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

Is a limit involved?

God, I hate math.