Where's The "Buy The Dip Mentality" Today?

Tyler Durden's picture

While yesterday saw the mainstream media cock-a-hoop at the fact that we pulled 'off-the-lows' with the phrase "buy the dip mentality" parrotted prayer-like every minute of the afternoon. Overnight shenanigans saw that BTFD mentality come and then quickly go and now the US market is fading fast. USDJPY has broken below 101 and US equity markets are testing below yesterday's lows... Treasury yields are now low on the week for the long-bond; gold and silver are holding up as JPY strength is weakening the USD broadly. Meanwhile, European peripheral debt is getting monkey-hammered (worst 2 days in 8 months)...



and the other major JPY carry funded idiocy - European sovereigns - are getting carried out...


with the worst 2 days in 8 months...


Perhaps this sums it all up.. (h/t @sheparillo)


Though Maria B's insight yesterday was invaluable...


"...but in my opinion, ... I would have to believe in the buy on the dip mentality for the US and Japan

...traders say if the market there opens up [which it did before collapsing!!!], it will be a clear sign that new money is once again ready to pounce, particularly given the fact that 30% of the accounts in the US are sitting in cash. That money eventually will want to go to work, and right now, there's no other game in town besides the stock market if you are looking for any kind of return or yield."

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insanelysane's picture

Short trading day today so not much time to screw around.  Thinking the algos are turned down to 2 or 3 because they are afraid the low volume will divulge their true manipulations.

Mactheknife's picture

Here's a little something to ponder....the only other two times that we had an intraday reversal of 1% at the top of the S&P was in 2000 and 2008...just sayin.

101 years and counting's picture

2000 and 2007.....just sayin.

looks like tyler spoke too soon.  the btfd'ers will be around, until they're crushed.  dip is being bought.

MeelionDollerBogus's picture

However, the nonsense didn't start there ... many fake out drops before a giant rise over the typical curve. My graph of it:


Acet's picture

Economic Russian Roulette.

Stoploss's picture

Hit "support" today, then rally Tuesday!



disabledvet's picture

Hmmmmm. "Memorial Day." Hmmmmmm.

Mercury's picture

Don't overthink it.  It's the Friday before a holiday wknd so the market isn't going to close down big. End of story.  It's only 10:30.

ebworthen's picture

Is Tuesday a POMO day even with the holiday?

We won't have the Monday dip 'cause markets are closed.

SheepDog-One's picture

The only one buying the fuckin dip ever was Bernank.

Panafrican Funktron Robot's picture

Really not sure why Stoploss got junked here.  Roughly $10 billion in POMO to work through on a short week next week, including a $5 billion day on Friday.  Yeah, it's "rigged" and "unfair", but the Fed doesn't give a fuck about fairness. 

Miss Expectations's picture

...with 5 bullets and 1 empty chamber.

slaughterer's picture

Maria B is my guru: I only trade her advice.  

vmromk's picture

Someone wake up FUCKHEAD Bernank to buy the market.

disabledvet's picture

"It's a holiday!" Our markets are closed...

malikai's picture

There's some dip buying going on, just not in that dogshit.


transaccountin's picture

jesus that quote by maria b just shows you how fked we are. whereas it was once housing nows its global stocks. will not end well

HelluvaEngineer's picture

You're pretty much screwed once you're quickly losing your looks, and you're a complete and total dumbass.

DeadFred's picture

I hope she got a good price when she sold her soul to the dark side...

Fuh Querada's picture

voice like a circular saw and thighs like a rock crusher

the not so mighty maximiza's picture


BeerBrewer09's picture

"there ish no other game in town beshides the shtock market"

the Absurd's picture

It was stocks before housing - late 90s early 00s.  Now it's bonds and ultimately currencies.

During a hyperinflation, the DJIA could theoretically soar to 100,000 but be worth only 1,500 in today's terms.

nomorebuyins's picture

Maria! You ignorant slut!

Rip van Wrinkle's picture

Most whores sell their bodies for money. Maria sells her mouth for money.

Al Huxley's picture

Well, in her defense, that's probably just because nobody would buy her body, so it's really her only option.

Cdad's picture

Buy on the dip mentality.

Cdad's picture

Buy on the dip mentality.

ebworthen's picture

Dips buy at the top mentality.

OneTinSoldier66's picture

Thank you for giving me a good chuckle!

Fuh Querada's picture

Buy on the dip mentally.

walküre's picture

Buy now or be priced out forever

EmileLargo's picture

"No other game in town" - as Faber says, liquidate and run for cover the moment you hear that.

Cdad's picture

Where else you gonna put your money cash on the sidelines buy on the dip mentality stocks are cheap great bond rotation don't fight the fed.

SillySalesmanQuestion's picture

Simple, no POMO today.

SeattleBruce's picture

In a place where there's already greatly limited/diminished returns (POMO MOMO for stocks only - the rest of the economy and the world be damned), we're now seeing the law of diminishing returns happen there too...what now Ben, Obummer?  Look at the diminishing returns on debt itself:


gatorengineer's picture

Little doubt we close less than 0.1% down to green today..... Movement as always is after the euroclose....

q99x2's picture

Wait for the close of the European markets. Buy about 29 minutes before.

Cdad's picture

Or....or wait until Netflix is up > 2% and then buy a footwear maker x 2 while shorting MBS.