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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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does anybody ever grow up here, or is everyone in denial, like the moronic drudge site, as usual?? y'all could buy more gold - how's those returns working out over last 16m?
Kinda great as I bought in around 1500 and two years ago around 1200. So what's your point? We dabble in reality here. Hence, you may not like it.
Mean while back at disinformation central [aka] CNBS, the infomercial scheme is right on schedule.
So Europe can blow up now, right?
The stock market is starting its collapse mr obama. The 1 year fed-sponsored phoney money uptrend is broken today, on the dim hopes of you ever talking to Boehner or negotiating with anybody on solving the deep financial problems of the country. But you didn't build the foundation for the fatal, upcoming, credit-currency-and-trade collapse by yourself: you had help along the way, from decades of incompetant, deficit spending, corporate-sponsored congresspeople, and deluded federal reserve leaders and other agency spendthrifts.
Looks like thebig trader betting last Friday on a rise in USTs will be calling in well for the rest of the year, or maybe the rest of his life.
ND shale oil fields bitchez
Beg pardon....
If Frank Marshall Davis, Jr. and the Bernank are flooding the market with liquidity as we've seen, wouldn't this just be a tiny blip on the march FORWARD...I mean upward?
bohcfmdja
Uh oh! I see some Fed and ECB rumors. Are QE and MOPE about to go Full-Dove again?
Nothing rumors of QE4 can't fix. Or is it QE5? I've lost count...
google finance: "Stocks slide as Europe slashes its growth forecast"
yahoo finance: "Stocks Pummeled: Europe Back in the Spotlight, Investors Run for Cover"
right, becuase some data point out of europe now suddenly matters. the entire continent has been on the verge of collapse during the ramp from 1100 to 1460. i wonder if maybe it was something else?
that has been the meme all morning
get used to it, Goebels is in charge and the majority of Americans like (want) it that way
YEM
Just saw Trey a few weeks ago in Richmond.
My buddy just called said he was going to hang himself. He drove his daughter to private school (non gubmint) and the kids were all munching on cupcakes "celebrating" Chairman MaoBama's reinstatement, apparently some parents saw it fitting for the entire school to celebrate. He said he didn't remember that happening when Carter won.
I just joined a Swiss dating site and planning to find my true Swiss love and BAIL FUCKING OUT OF THIS INSANE ASYLUM!
make sure its Omega and not Rolex.
Hopefully he goes through with hanging himself.
Selling has nothing to do with elections. There is similar selling every day due to mutual funds selling stocks due to withdrawals.
However, for some reason, Plunge Protection Team (basically Primary Dealers trading desks) are not buying.
I don't know whether lack of buying by Primary Dealers buying has anything to do with elections or not, but for sure selling has got nothing to do with it.
Paging Kevin Henry. You are needed at the PPT Terminal immediately!
Our whole political system is just one big game of musical chairs. You just don't want to be in office when the music stops.
COPPER doesn't lie.
Yep, COPPER chart tells the real story as the Wile E. Coyote sell off gets going.
Bearish SPX daily chart dominates all else once again including overextended USDX daily chart.
http://trader618.com
http://www.zerohedge.com/news/2012-12-24/market-analysis
Bansters sending message that they need more vig NOW.
BTFD?
But, but we voted for Oblamea...................
Change never comes before a major crisis. Sometimes we have to lose everything to appreciate anything.
If the market read Nate Silver, this election would have been factored into prices long ago. #imaginaryeffecientmarkets.
If we can just get the NASDAQ to 3000! A perfect trifecta!
MOAR Q....oh wait, were already doing QE...
ACCELERATE THE QE!!!