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S&P Futures Slide Under 1800; 50 DMA Support Breached; Taper "Gains" Gone For Most

Tyler Durden's picture


S&P 500 futures just crossed below 1,800 - its lowest since the FOMC's taper announcement on December 18th. The cash S&P 500 (and small cap S&P 600) have crossed below their crucial 50-day-moving average (with no sign of dip-buyers yet). This is the biggest drop through that historically critical technical support level since early October. Perhaps more notably, most of the go-go sectors that were heralded by all the talking head momo queens on mainstream media as leading the next leg of stock gains have seen their post-Taper gains gone. From Builders to Banks and Industrials, taper-gains are now a dim and distant memory.


Post-Taper gains collapsing across sectors...


and Indices...


S&P futures slide under 1800 back to taper levels and the furthest below the 50DMA since early October


and all major indices now notably in the red for the year...


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Fri, 01/24/2014 - 12:26 | 4362899 TeamDepends
TeamDepends's picture

Ladies and gentlemen please fasten your seatbelts as, oh shit....

Fri, 01/24/2014 - 12:30 | 4362916 PartysOver
PartysOver's picture

Nah, just the Big Dogs causing a little diaper rash.  Queen PrintsALot will arrive in a fe days with the cure.

Fri, 01/24/2014 - 12:31 | 4362931 Say What Again
Say What Again's picture

How will I know when the "dip" has hit the bottom?

Fri, 01/24/2014 - 12:36 | 4362971 LawsofPhysics
LawsofPhysics's picture

When the local authorities show up to escort you to the FEMA camp.

hedge accordingly.

Fri, 01/24/2014 - 12:41 | 4363000 Say What Again
Say What Again's picture

I'm sure that the sell-off is Jamie Dimon's fault.

Fri, 01/24/2014 - 13:59 | 4363355 El Oregonian
El Oregonian's picture

GITMO? I'm sorry I thought you said I was going to GET MO'!

Fri, 01/24/2014 - 15:16 | 4363715 Rick Blaine
Rick Blaine's picture

This is nothing.

It'll have my attention if the Dow drops below 15K...

...and things won't really get really interesting unless it drops another thousand or so after that.

...and even then, my "oh shit" line, is probably at like 12K.

Fri, 01/24/2014 - 12:43 | 4363021 Bearwagon
Bearwagon's picture

When local authorities show up, it won't be to escort you To FEMA camp, since you would have failed to show up there all by yourself, when you were notified of that duty. Wherever they escort you, they plan on doing it feets at the head.

Fri, 01/24/2014 - 13:54 | 4363329 CheapBastard
CheapBastard's picture

House prices will tumble next, I'm afraid....ZIRP or no ZIRP...they are one of the few remaining Bubbles left. ZH already reported how C RE is sinking....residential next.

Fri, 01/24/2014 - 12:38 | 4362976 Herd Redirectio...
Herd Redirection Committee's picture

Hey, did you guys know that water flowing in a straight line will tend, over time, to form a sine wave?  Or, in stock market terms, you got to give the shorts a small reason to be excited, every now and again.

This is just a short period of USD strength, as every other CB takes their turn devaluing, before its Fischer and Yellens turn, once more.

Fri, 01/24/2014 - 12:38 | 4362982 new game
new game's picture

your broker calls gwito to visit ya for the margin call.

Fri, 01/24/2014 - 14:01 | 4363345 El Oregonian
El Oregonian's picture

The markets are crying like the Wicked Witch of the West "Oh-h-h I'm melting!".

Fri, 01/24/2014 - 14:08 | 4363401 AngelEyes00
AngelEyes00's picture

Or maybe they're saying, "How could a little taper like you destroy my beautiful wickedness."

Fri, 01/24/2014 - 12:41 | 4362998 SAT 800
SAT 800's picture

Why are you asking? Surely you're not foolish enough to be considering buying into a failing market? The actual answer to your question is, you will not know; and neither will I. When I'm satisfied that I've ripped the market a new asshole and have a big profit on my short position then I'll take my profits; I don't care if it's the real bottom or not. Why should I?

Fri, 01/24/2014 - 12:53 | 4363075 fonzannoon
fonzannoon's picture

 "Surely you're not foolish enough to be considering buying into a failing market?"

Shirley you can't be serious. Please tell me you are not serious.

Fri, 01/24/2014 - 13:09 | 4363156 StandardDeviant
StandardDeviant's picture

Stop calling me "Shirley".

Fri, 01/24/2014 - 14:56 | 4363558 TheRideNeverEnds
TheRideNeverEnds's picture

The market will short term bottom around here at a small cyclical low period then retrace 50% maybe 61.8%  back up towards the highs at which point it will fall right out of bed on eve of 2-14 / morning of 2-15 with down pressure of the long term cycle, next stop the 1650 area.


At least according to my extensive analysis.    

Fri, 01/24/2014 - 12:47 | 4363031 Spanky
Spanky's picture

How will I know when the "dip" has hit the bottom? -- Say What Again

When the clatter of Fed printing presses gets louder...

Fri, 01/24/2014 - 12:54 | 4363091 Ness.
Ness.'s picture

How will I know when the "dip" has hit the bottom?


Whenever ZH posts a story about falling equity markets - Buy THAT fucking dip.  Works every time.

Fri, 01/24/2014 - 13:55 | 4363333 James_Cole
James_Cole's picture

I'd tend to agree. Shorting these markets is a good way to get your face torn off.

Fri, 01/24/2014 - 12:30 | 4362919 DeadFred
DeadFred's picture

Doesn't the SEC just DQ days like this? We love the deer!!

Fri, 01/24/2014 - 12:40 | 4362986 max2205
max2205's picture

I doubt the Fed would let it crash cause rates are getting back to where they want them...but indexes are still technically way above overbought.....could be epic if they want to crush rates

Fri, 01/24/2014 - 12:47 | 4363048 SAT 800
SAT 800's picture

IF they want to crush rates? The one thing that could cause THEIR blood to run in the street, rates? IF they want to crush rates? What do you mean IF?

Fri, 01/24/2014 - 12:30 | 4362920 camaro68ss
camaro68ss's picture

Burn Mother Fuckers BURN.

Todays Forcast in New York,  Slight chance of Raining Bankers

Fri, 01/24/2014 - 12:35 | 4362953 new game
new game's picture

long banker proof unbrellas, you know, the kevlar type!

Fri, 01/24/2014 - 12:36 | 4362963 Bangin7GramRocks
Bangin7GramRocks's picture

Just a blip. No control can be lost when the Fed has total control already. There will be an epic rally next week when Bezos announces some new magical way for him to sell shit at a loss. Make book on it missy!

Fri, 01/24/2014 - 15:30 | 4363763 Wait What
Wait What's picture

i think this seems more appropriate than 'burn..."

Fri, 01/24/2014 - 13:55 | 4363332 AngelEyes00
AngelEyes00's picture

Let me guess.  Taper will have to be discontinued going back to full QE of 85 billion a month in a few weeks so the stock bubble is not lost. 

Fri, 01/24/2014 - 15:43 | 4363828 JP McManus
JP McManus's picture

Might as well make it 125B

Fri, 01/24/2014 - 12:26 | 4362903 buzzsaw99
buzzsaw99's picture

historic. this is the biggest crash the new e-trade baby has ever seen

Fri, 01/24/2014 - 12:41 | 4363003 pods
pods's picture

Next eTrade baby ad:

"It can go down?"

Fri, 01/24/2014 - 15:32 | 4363771 Wait What
Wait What's picture

e-trade baby loses everything... "i wanna take it back! i wanna take it back!!"

Fri, 01/24/2014 - 12:46 | 4363036 eclectic syncretist
eclectic syncretist's picture

Exactly!  This is nothing.  TPTB already have the obligatory scapegoat lined up front and center in the public eye too.  Emerging markets.  With that done it's let er' rip to the downside.  When SPY volume hits ~500,000,000 or more then we might get a washout bounce on this trip down, but we're nowhere near that yet.  Easy money for the smart/brave.

Fri, 01/24/2014 - 12:27 | 4362904 Dr. Engali
Dr. Engali's picture

Maybe the job of hitting CTL-P has old Yeller confused.

Fri, 01/24/2014 - 12:30 | 4362927 Bosch
Bosch's picture

She is a woman afterall. 

Fri, 01/24/2014 - 12:31 | 4362933 camaro68ss
camaro68ss's picture

Get back in the kitchen and make me a samitch!

Fri, 01/24/2014 - 12:38 | 4362972 Hippocratic Oaf
Hippocratic Oaf's picture

My wife wanted a new watch for her birthday......I told her there was one on the stove.

Fri, 01/24/2014 - 12:38 | 4362981 dcohen
dcohen's picture


Fri, 01/24/2014 - 12:43 | 4363009 Central Wanker
Central Wanker's picture

No, you didn't.

Fri, 01/24/2014 - 13:31 | 4363241 Chief KnocAHoma
Chief KnocAHoma's picture

Since we are telling sexist jokes:

Q: Why was Helen Keller a bad driver? 

A: Becasue she was a woman.

Fri, 01/24/2014 - 12:35 | 4362958 Dr. Engali
Dr. Engali's picture

Are you sure about that?

Fri, 01/24/2014 - 12:28 | 4362905 Bearwagon
Bearwagon's picture

Now seems to be the time that separates the boys from the men. Remain calm, people!

Fri, 01/24/2014 - 12:42 | 4363012 CrimsonAvenger
CrimsonAvenger's picture

When it comes to Wall Street, the only thing that separates the men from the boys is a crowbar.

Fri, 01/24/2014 - 12:29 | 4362908 MrVincent
MrVincent's picture

Another 5% on the downside and the money drops from heli-ben or heli-janet will commence. Pathetic! We should have taken our medicine in 2008.

Fri, 01/24/2014 - 12:42 | 4363011 camaro68ss
camaro68ss's picture

Eat your peas bitchez

Fri, 01/24/2014 - 12:29 | 4362915 Winston Churchill
Winston Churchill's picture

It can't be.

 A Cash for Trash (POMO)day ,and stocks still go down.

Oh ,the humanity of it all.

Fri, 01/24/2014 - 12:30 | 4362918 new game
new game's picture

the caffine has worn off and post down draft exuberence has been replaced with "have a nice day fucker, hope you lost your ass" attitude...

Fri, 01/24/2014 - 12:30 | 4362922 101 years and c...
101 years and counting's picture

dont worry. fomc next week will fix it all.  the stupid twat will come out holding ben's hand as they promise no one should ever have to bear a 3% "market" correction.

Fri, 01/24/2014 - 12:39 | 4362983 Say What Again
Say What Again's picture

Picture this -- What if she comes out holding something else in her hand?

Fri, 01/24/2014 - 12:31 | 4362935 papaswamp
Fri, 01/24/2014 - 12:32 | 4362938 disabledvet
disabledvet's picture

since when was taper about juicing markets?

Fri, 01/24/2014 - 12:52 | 4363068 MrVincent
MrVincent's picture

The Taper was suppose to be a sign that the economy was doing better on its own. Which of course is a farce.

Fri, 01/24/2014 - 14:04 | 4363380 AngelEyes00
AngelEyes00's picture

"The Taper was suppose to be a sign that the economy was doing better on its own."

Yeah, somehow we were suppose to make the leap to 'believe' the economy was doing well in spite of trillion dollar deficits and trillion dollar a year QE.  Like I've said all along, go ahead and balance the budget and end QE and let's see where the economy goes.  Even just the first month of 10b less QE and the juice is gone.

No way to make it to zero QE now.  Must retrace to 85b a month and then die with our boots on as eventually hyper will kick our butts. 


Fri, 01/24/2014 - 12:34 | 4362946 Bosch
Bosch's picture

Another 20% from here would be 1,440.  

Long degressers for banker street pizzas. 

Fri, 01/24/2014 - 12:36 | 4362956 SillySalesmanQu...
SillySalesmanQuestion's picture

Wow...I see red, I smell blood, I sense fear...time to POP some popcorn, open a beer, put the feet up and watch for the possible panic. "If it bleeds, we can kill it."

Fri, 01/24/2014 - 13:04 | 4363126 pods
pods's picture

Nah, this bleeding is that womanly kind of bleed. Uncomfortable for a few days, but that's it.


Fri, 01/24/2014 - 13:36 | 4363270 cougar_w
cougar_w's picture


Fri, 01/24/2014 - 12:36 | 4362957 Frank N. Beans
Frank N. Beans's picture

so far it seems a garden variety dip, not seeing panic

Fri, 01/24/2014 - 12:45 | 4363026 SAT 800
SAT 800's picture

The Panic will not be Televised.

Fri, 01/24/2014 - 12:36 | 4362959 dcohen
dcohen's picture

And then we have the smiling dickhead

Fri, 01/24/2014 - 12:37 | 4362974 Kaiser Sousa
Kaiser Sousa's picture

how many markets do you know of that trade the same way at the same times 3 days in a row let alone 5 fucking years in a row?????

answer - Rigged markets...

Fri, 01/24/2014 - 12:47 | 4363037 Kaiser Sousa
Kaiser Sousa's picture

well they finally succeded....

lets c - the Fraud Market is collapsing and the Metals after breaking out of resistance traded sideways for 2 fucking days but on another 200 point loss in their "Precious" we get this...

yeah right....

Fri, 01/24/2014 - 12:38 | 4362975 Johnny Cocknballs
Johnny Cocknballs's picture

growth over yield baby.

Fri, 01/24/2014 - 12:38 | 4362979 Non Passaran
Non Passaran's picture

PMs and miners up, bloated crap stawks down. Booyah!

Fri, 01/24/2014 - 12:41 | 4362994 NIHILIST CIPHER

NP  My screen shows silver beatdown in progress.

Fri, 01/24/2014 - 13:54 | 4363321 Citxmech
Citxmech's picture

Interesting that there's no concurrent action in Au.  Usually it's a coordinated thumping.

Fri, 01/24/2014 - 12:39 | 4362984 TideFighter
TideFighter's picture

Twit tweets talks to twerk taper. Taper to twerk to trillions.   

Fri, 01/24/2014 - 12:39 | 4362988 QE49er
QE49er's picture

This consumer economy has ran its course 6 years ago, now we are in the Titanic flotsam stage with the violins still playing. 

Fri, 01/24/2014 - 12:40 | 4362991 MFLTucson
MFLTucson's picture

Way to early for this article, that day is still young and the Gangsters have ways to pull this up in the final 5 seconds.

Fri, 01/24/2014 - 12:40 | 4362993 tawdzilla
tawdzilla's picture much for the January effect

Fri, 01/24/2014 - 12:41 | 4362997 enloe creek
enloe creek's picture

and the sweaty brow day trader nevously taps the sell button hoping his position in jnug he opened monday will be enough to cover the margin as the spy declines again... can he really have been caught off gaurd so easily or will the market save him... tune in next week for part two

Fri, 01/24/2014 - 12:43 | 4363001 Luffk73
Luffk73's picture

Buy the fucking dip you idiot!

Fri, 01/24/2014 - 12:41 | 4363002 pragmatic hobo
pragmatic hobo's picture

"taper gain" just doesn't sound right ...

Fri, 01/24/2014 - 12:41 | 4363004 FieldingMellish
FieldingMellish's picture

...and PMs heading into the toilet now too. Safe haven? Not while the Comex still exists. Everyone will be herded into BTFD.

Fri, 01/24/2014 - 12:59 | 4363107 SAT 800
SAT 800's picture

Sell everything is a common startle reaction. I once bought Long Bonds, on the afternoon of Black Monday 1987, when the muppets had sold everything as a reflex; "forgetting" that the money had to go somewhere. As the Stock Market continued wobbly for the week, the Bonds rallied massively. I closed down trading and went to Mexico for the entire winter on that trade.

Fri, 01/24/2014 - 12:43 | 4363015 teolawki
teolawki's picture

No worries. Janet is whipping up a new batch of Magic Ink as we speak.

Fri, 01/24/2014 - 12:44 | 4363020 Kaiser Sousa
Kaiser Sousa's picture

well they finally succeded....

lets c - the Fraud Market is collapsing and the Metals after breaking out of resistance traded sideways for 2 fucking days but on another 200 point loss in their "Precious" we get this...

yeah right....

Fri, 01/24/2014 - 12:44 | 4363022 Hindenburg...Oh Man
Hindenburg...Oh Man's picture

European close leading to buy up.

Fri, 01/24/2014 - 12:45 | 4363023 More_sellers_th...
More_sellers_than_buyers's picture

Just buy everything!  Trust me, when the real dip comes it will happen a lot faster than this.  This is just a jan gift for the boys in the know so they can pad their gaims for 2014.  Signed,

A reformed bear

Fri, 01/24/2014 - 12:55 | 4363085 SAT 800
SAT 800's picture

dear reformed bear; quitters never win, and winners never quit.

Fri, 01/24/2014 - 12:45 | 4363030 MFLTucson
MFLTucson's picture

Let it fall to reasonable values before it ruins whats left of the Obama mess.

Fri, 01/24/2014 - 12:46 | 4363033 Dr. Engali
Dr. Engali's picture

That was one ugly close over in Euroland.

Fri, 01/24/2014 - 12:48 | 4363055 Bearwagon
Bearwagon's picture

About damned time!

Fri, 01/24/2014 - 12:46 | 4363035 Bastiat
Bastiat's picture

Battle in the spot gold pit.   Selling met with volume buying unlike silver folding on no volume.  Maybe reflective of the Comex silver contract approaching irrelevance?

Fri, 01/24/2014 - 12:58 | 4363108 LawsofPhysics
LawsofPhysics's picture

Like you always said,

“When goods don't cross borders, soldiers will.”

“The state is the great fictitious entity by which everyone seeks to live at the expense of everyone else.”

Fri, 01/24/2014 - 13:01 | 4363123 Kaiser Sousa
Kaiser Sousa's picture

its clear at least to me that the phony paper silver price is their focus relative to both of the only forms of real money...the way Gold is trading opposite of Silver is telling when they have always traded in lock step...

its so obvious...remember, Gold is out of the reach of the common man while Silver is 60 plus debt coupon dollars cheaper!!!!

Gold the MoneyChangers hoard despite their duplicitous jawboning...

Silver they aint got....fucking sociopaths...


Fri, 01/24/2014 - 12:46 | 4363041 sudzee
sudzee's picture

PM smash in 3-2-1.

Fri, 01/24/2014 - 12:48 | 4363053 Boondocker
Boondocker's picture

way to early to get me when its down 30%

Fri, 01/24/2014 - 12:49 | 4363054 Johnny Cocknballs
Johnny Cocknballs's picture

How much of this is attributable to buy backs?

I know Exxon was doing so like crazy for awhile.  Microsoft has a lot of cash laying around but they also BBed something like 40 billion.

I expect significant bounce back this afternoon, but I'll be drunk by then.  Because the polar vortex.


Fri, 01/24/2014 - 12:49 | 4363056 Rising Sun
Rising Sun's picture

Europe down 2.5% across the board - LMFAO!!!!




Fri, 01/24/2014 - 13:00 | 4363111 LawsofPhysics
LawsofPhysics's picture

What if they were short?

Fri, 01/24/2014 - 12:51 | 4363062 papaswamp
papaswamp's picture

Wooo look at that dive in gold. Someone decided to sell

Fri, 01/24/2014 - 12:52 | 4363069 SAT 800
SAT 800's picture

For what it's worth, probably nothing; I don't consider the 50day moving average to be support; I never even look at it; but that's just me. Support is a price at which buying has come in "recently", (judgement comes in here as to when recently is); not a moving average. In other words, the concept "support" has an actual meaning in the vocabulary of the mass mind. But the mass mind does not operated on moving averages.

Fri, 01/24/2014 - 12:55 | 4363080 GrinandBearit
GrinandBearit's picture

YES!.. keep going.

Would love to see a -40 handle today.

Fri, 01/24/2014 - 12:54 | 4363081 SheepDog-One
SheepDog-One's picture

Maybe markets aren't so impressed with Ol Yellen as they were with Bernank after all?  Just watch your .401K and bank accounts....Maniacal Monetizers be lurking about.

Fri, 01/24/2014 - 12:56 | 4363103 SheepDog-One
SheepDog-One's picture

New 'new highs' again? Or maybe they figure it's time to rob everyones accounts now? I guess we'll find out soon enough.

Fri, 01/24/2014 - 12:57 | 4363104 Pumpkin
Pumpkin's picture

DO NOT PANIC!!  The Truth will be tortured a little more and put back out of sight very shortly.

Fri, 01/24/2014 - 13:04 | 4363129 John McCloy
John McCloy's picture

   This market does not go anywhere they do not want it to go. I am as bearish as they come but we know the game by now. They do this anytime certain barometers go off and they have been doing it for years now. Sell the markets off in order to:

1) Tame gold and silver prices when they start popping

2) Oil when it approaches 100.00-110.00 level

3) Tame bond prices

   Then they sneak the markets back up again to new highs..has not deviated at all for 4+ years now. This is a completely controlled market. When this ponzi ends it will be an unseen event and will end in 1-3 days times with markets losing 40% just like that.

Fri, 01/24/2014 - 13:09 | 4363163 Tsar Pointless
Tsar Pointless's picture

I've held that belief for years now.

Eventually, we'll wake up one day, and the markets will be closed. And guess what? They'll never re-open. Or not at least for a long, long time.

Fri, 01/24/2014 - 13:04 | 4363138 Spungo
Spungo's picture

I wish I had some money to buy the dip in silver miners but I'm a stupid n00b who holds almost 0% cash :(

Fri, 01/24/2014 - 13:06 | 4363144 TheRideNeverEnds
TheRideNeverEnds's picture

Its 12 o'clock, have you bought the dip yet?

Fri, 01/24/2014 - 14:32 | 4363514 I Write Code
I Write Code's picture


This never happened under Ben, oh Ben, we hardly knew ye.

Fri, 01/24/2014 - 13:09 | 4363155 endorush
endorush's picture

stocks looking very oversold about now, this selling is overdone.  theres some good bargains out there today, im backing up the truck

Fri, 01/24/2014 - 13:13 | 4363180 Tsar Pointless
Tsar Pointless's picture

You're likely right.

Look at the 10-year yield. Down nearly 30 bps since New Year's Day. Yet stocks are barely in the red.

The criminals have bought more room to the upside for equities, while taming the TNX dragon.

That should be good for S&P 1900 by Valentine's Day. Or President's Day, latest.

If I see S&P 1750 before then, I'll change my mind.

Fri, 01/24/2014 - 13:34 | 4363261 eclectic syncretist
eclectic syncretist's picture

Next week is the hieght of company earnings reports, and there is also a Fed meeting in which they are likely to tighten.  Earning outlooks for 2014 have pretty much stunk, so we'll probably get a lot more of that, and now we have this "emerging market" problem.  With those factors in mind you should think carefully about where to back your truck up to.

Fri, 01/24/2014 - 14:24 | 4363464 Tsar Pointless
Tsar Pointless's picture

I don't own a truck. (Yes, I know what you mean. I'm in no way diving into this mess of a "market". My 401(k) is as close as I'll ever get to doing that.)

Fri, 01/24/2014 - 13:40 | 4363284 MeelionDollerBogus
MeelionDollerBogus's picture

you forgot something: sarc

Fri, 01/24/2014 - 14:47 | 4363577 syntaxterror
syntaxterror's picture

Everything is at a 52-week or an all-time high. Yep, bargains everywhere.

Fri, 01/24/2014 - 13:16 | 4363194 Spungo
Spungo's picture

To protect the stock market, I am temporarily suspending the convertibility of stocks to dollars.

Fri, 01/24/2014 - 13:22 | 4363207 Laughing Stock
Laughing Stock's picture

Retirement off

Fri, 01/24/2014 - 13:32 | 4363251 MeelionDollerBogus
MeelionDollerBogus's picture

got HVU? (or UVXY)?


performance for HVU is dropping slightly. The constant should be 219 or so, the values today are reading in at 217, then 216.5, now 216.66:

hvu 1/11 x SPY = 219 trend line for past few months, 216 happened 2 years ago,

so by using 180.35 for SPY (current/near) this makes HVU for 8.46 which is far above the current reading of 7.52 by 12.56%.

Generally UVXY and HVU move -11x to the SPY market ETF (power, not a ratio).

Fri, 01/24/2014 - 13:46 | 4363303 mendigo
mendigo's picture

Where are the manipulators?

Lord save us


Fri, 01/24/2014 - 14:17 | 4363436 Caracalla
Caracalla's picture

I shorted natural gas late yesterday because it's up 25% in two weeks and hugely over-bought....That being said, I didn't catch the license plate number of that big truck that flattened me this morning!   UNG up another 6% today

Fri, 01/24/2014 - 14:29 | 4363488 Legolas
Legolas's picture

At this point, I think they are focusing on keeping the gold price as stable as they can.  They clearly cannot control everything anymore.

Fri, 01/24/2014 - 14:37 | 4363535 I Write Code
I Write Code's picture

The tapir ate my homework.

But here comes Janet with the shotgun, so maybe we'll be having bacon soon enough.

Actually yesterday's decline barely registered on the market dynamics, even Ben would have slept through it.

Fri, 01/24/2014 - 14:45 | 4363573 syntaxterror
syntaxterror's picture

Next week: NO additional TAPERing and promises of 0.000000000000% interest rates for an extra couple of years.

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