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Stocks Suffer Worst Week In 19 Months; Dow Gives Up All "Taper" Gains

Tyler Durden's picture





 

The deer was back yesterday; but today "it's on..."

 

UPDATE: The S&P futures collapse a further 6 points in the 15 minutes of trading after cah markets closed...

 

 

NOT OFF THE LOWS>>>

Some context for the day: Stocks were slammed lower (TRAN -4.1%, Russell -2.5%, S&P, Dow, NASDAQ -1.8%); Treauries rallied 5bps or so on the day (but was stable during the US day session sell off);  Commodities slipped 0.5% with Gold the lone performer +0.35% today; The USD was unchanged on the day (but the JPY strengthen significantly along with AUD weakness).

 

S&P's worst week in 19 months...

 

Dow Transports worst day since September 2011...

 

Across the board stocks were slayed as dip-buying carry traders were uniquely absent for the second day in a row...

JPY ruled stocks...

 

As Stocks retraced most of the post-Taper gains...

 

VIX smashed almost 30% higher on the day to tage 18%

 

and weekly VIX saw the biggest jump since May 2010...

 

As the VIX term strcuture inverted (risks piling up before the lunar new year and trsut default in china?)

 

 

Gold - now the best performing asset since the Taper - diverged notably from Silver on the week as WTI drooped today but closed notably higher on the week... Gold now at 2-month highs.

 

Credit markets are now at 10-week wides with stocks back to Taper lows...

 

Charts: Bloomberg

Bonus Chart; The Nikkei 225 loses 15,000 for the first time in over 2 months... Abe will not be happy!

 

Bonus Bonus Chart: Well not really a chart but...

 


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Fri, 01/24/2014 - 17:07 | Link to Comment kliguy38
kliguy38's picture

Its the cracks...........they're getting bigger and there's more of them.........not enough chewing gum

Fri, 01/24/2014 - 17:10 | Link to Comment Say What Again
Say What Again's picture

Meet me at Scores!

Fri, 01/24/2014 - 17:40 | Link to Comment freewolf7
freewolf7's picture

Is this what walking towards the exits looks like?

Fri, 01/24/2014 - 17:43 | Link to Comment AmericasCicero
AmericasCicero's picture

nobody panic...NOBODY PANIC!!!!

Fri, 01/24/2014 - 17:53 | Link to Comment NoDebt
NoDebt's picture

ZH missed their prediction on the market falling apart by 10 days.  What?  The Tylers can't call it any closer than that??  I need PRECISION, dammit!  PRECISION!  This ain't horseshoes or hand grenades.

Please try harder in the future.

Fri, 01/24/2014 - 18:27 | Link to Comment mjcOH1
mjcOH1's picture

Where's the money honey when you need her....

Fri, 01/24/2014 - 19:39 | Link to Comment aVileRat
aVileRat's picture

Comon, 4 posters suggested this since Monday. What do you want, a tweet ?

Margin call monday will either confirm the trend, or see a massive twist.

 

 

 

Fri, 01/24/2014 - 20:16 | Link to Comment Wait What
Wait What's picture

<---- what Yellen's face looks like right now. "pour me a scotch George, it's gonna be a long weekend."

Fri, 01/24/2014 - 17:12 | Link to Comment SheepDog-One
SheepDog-One's picture

Not enough fingers to stick in all the dykes!

 

Fri, 01/24/2014 - 17:17 | Link to Comment Future Jim
Future Jim's picture

Why today?

Fri, 01/24/2014 - 17:19 | Link to Comment redpill
redpill's picture

And why are they always named Janet?  

Fri, 01/24/2014 - 17:34 | Link to Comment max2205
max2205's picture

Is it too early to start saying sell the fucking rips?

Fri, 01/24/2014 - 17:17 | Link to Comment UncleBubba
UncleBubba's picture

typical first post on this site every time the market goes down over 2% in two days...  But, as everyone should've learned by now...  BTFD

Fri, 01/24/2014 - 17:22 | Link to Comment SheepDog-One
SheepDog-One's picture

Hey knock yourself out pal, pile in all your retirement and kids college funds as much as you can....personally I wouldn't touch this clownshow with a 20 foot pole.

Fri, 01/24/2014 - 18:32 | Link to Comment Overfed
Overfed's picture

Aww...hell, Bernyellen and Co. will just POMO the fuck out of the "market" next week and everything will be right as rain.

Fri, 01/24/2014 - 17:29 | Link to Comment Say What Again
Say What Again's picture

I think there are some new interpretations for BTFD

.

Beat the Fu$&^% Dear

Beat the Fu$&^% Duck  (If you watch TV)

 

 

Fri, 01/24/2014 - 17:40 | Link to Comment UncleBubba
UncleBubba's picture

be careful of them deer... http://www.youtube.com/watch?v=p38we3etB5M

Fri, 01/24/2014 - 17:40 | Link to Comment UncleBubba
UncleBubba's picture

be careful of them deer... http://www.youtube.com/watch?v=p38we3etB5M

Fri, 01/24/2014 - 17:25 | Link to Comment SAT 800
SAT 800's picture

WRONG.

Fri, 01/24/2014 - 17:25 | Link to Comment LetsDoThisAlready
LetsDoThisAlready's picture

http://www.zerohedge.com/news/2013-12-02/artists-impression-what-fed-exit-would-look

 

obviously, the Fed could pump more but, but history rhymes, look at this graph...

Fri, 01/24/2014 - 17:34 | Link to Comment UncleBubba
UncleBubba's picture

funny video (in the context of the article), and a nice chart overlay.  I guess we just have to wait and see.

Fri, 01/24/2014 - 17:05 | Link to Comment DeadFred
DeadFred's picture

Dang, I was planning on making a snarky comment about how many cents the S&P closed off the lows to mock the TV cheerleaders but I don't get to.

Fri, 01/24/2014 - 17:07 | Link to Comment Slave
Slave's picture

Cancel your cable. Free your mind.

Fri, 01/24/2014 - 17:36 | Link to Comment PacOps
PacOps's picture

1978, knock at the door. 11 yr old stepdaughter answers it. Cable guy offering to run cable service to the house - no charge. She told him we did not own a TV. She said his jaw hit the floor in disbelief. ... He finally left shaking his head. (haven't owned one since '66 - we were on Compuserve in 78).

Fri, 01/24/2014 - 18:58 | Link to Comment dirtscratcher
dirtscratcher's picture

I did that about five years ago. Amazing how much better my life has been in a variety of ways. 

 

Sat, 01/25/2014 - 04:34 | Link to Comment -NaN-
-NaN-'s picture

Going on 7 years. Lucidity is wonderful.

Fri, 01/24/2014 - 23:53 | Link to Comment Future Jim
Future Jim's picture

That sounds great, but I have started encountering people who think they are independent minded and ouside-the-box because they don't have cable, and yet, they believe EXACTLY what cable is promoting. Of course, you can't convince them of that because they don't watch cable. It seems like some kind of final stage in the long running propaganda campaign by the self proclaimed elites.

Fri, 01/24/2014 - 17:07 | Link to Comment yrad
yrad's picture

Where the FUCK is Jon Corzine!?!?!?

Fri, 01/24/2014 - 17:10 | Link to Comment MsCreant
MsCreant's picture

Maybe he has been vaporized? 

Fri, 01/24/2014 - 17:26 | Link to Comment SAT 800
SAT 800's picture

we can only hope; dear lady; and that it wasn't painless.

Fri, 01/24/2014 - 17:48 | Link to Comment NoDebt
NoDebt's picture

Still floating quietly around in the bowl.  Some turds just won't go down no matter how many times you flush.

Fri, 01/24/2014 - 17:07 | Link to Comment One And Only
One And Only's picture

Of the lows, victory for the bulls.

Fri, 01/24/2014 - 17:07 | Link to Comment Harry Dong
Harry Dong's picture

out a popcorn/...

Fri, 01/24/2014 - 17:07 | Link to Comment redux2redux
redux2redux's picture

Cue the deer

Fri, 01/24/2014 - 17:09 | Link to Comment Harry Dong
Harry Dong's picture

was done earlier (and rightly). Better than the Hindenburg Omen.

 

Fri, 01/24/2014 - 17:13 | Link to Comment stant
stant's picture

we should name the dear heisenberg, and call it the hesinberg omen

Fri, 01/24/2014 - 17:18 | Link to Comment Say What Again
Say What Again's picture

I don't know why, but I can't seem to get Breaking Bad out of my mind.

Fri, 01/24/2014 - 18:42 | Link to Comment Hindenburg...Oh Man
Hindenburg...Oh Man's picture

Hey!!

Fri, 01/24/2014 - 19:32 | Link to Comment vulcanraven
vulcanraven's picture

You rang?

Fri, 01/24/2014 - 17:07 | Link to Comment HedgeAccordingly
HedgeAccordingly's picture

But i thought taper was not gonna affect the market.. http://hedge.ly/1egRZdY

Fri, 01/24/2014 - 17:20 | Link to Comment Papasmurf
Papasmurf's picture

They didn't say which market.

Fri, 01/24/2014 - 17:08 | Link to Comment SgtShaftoe
SgtShaftoe's picture

next will be the death squads.  Gentlemen, prepare to defend yourselves: http://www.youtube.com/watch?v=YlOxiwGLAkY

Fri, 01/24/2014 - 17:11 | Link to Comment Harry Dong
Harry Dong's picture

gentlemen mostly got shanked by NAFTA. It's up to the ladies to protect their men now....

Fri, 01/24/2014 - 17:08 | Link to Comment Cursive
Cursive's picture

About another 250 days like this and maybe we can get back to reality.

Fri, 01/24/2014 - 17:09 | Link to Comment Dr. Engali
Dr. Engali's picture

I turned on CNBC to see the close and I could take a whole two minutes of it. I don't know how people stomach that mind numbing garbage.

Fri, 01/24/2014 - 17:15 | Link to Comment SheepDog-One
SheepDog-One's picture

It's a form of hypnotic psychosis.

Fri, 01/24/2014 - 17:22 | Link to Comment Papasmurf
Papasmurf's picture

Where's Maria when you need her?  She could have ask a talking head "Where would you be putting new money to work in these markets?"

Fri, 01/24/2014 - 17:22 | Link to Comment Yen Cross
Yen Cross's picture

  I agree doc. Did you see that stupid douche in the closing panel that was calling for a 3.75% T-10 by years end. She was recommending buying consumer staples stocks.

  A 3.75% T-10 would blowout Corps. that are levered up in cheap money and destroy the R/E market. I about threw a brick through my TV screen. I can't even make to the 2 minute mark.

Fri, 01/24/2014 - 17:08 | Link to Comment css1971
css1971's picture

No, it aint. Tyler, you're just over tired and over impatient for the games to end.

It's on when there's a 2% down day followed by a 3% down day followed by a 4% down day. Then it's ON.

Fri, 01/24/2014 - 17:20 | Link to Comment LetsDoThisAlready
LetsDoThisAlready's picture

http://www.zerohedge.com/news/2013-12-02/artists-impression-what-fed-exit-would-look

According to this graph, it may just be on like donkey kong, gotta start somewhere, and this isn't just rhyming, it's the same pattern....

Sat, 01/25/2014 - 04:40 | Link to Comment -NaN-
-NaN-'s picture

I agree, but the Tyler, like many of us are a bit tired of watching our worthless shiny rocks get beat down by the lifeblood indices that are the economy /s.

Let us enjoy our 15 minutes, in peace, would ya?

Fri, 01/24/2014 - 17:09 | Link to Comment fonzannoon
fonzannoon's picture

BTFD (ducking and getting hit by empty beer bottles)

Fri, 01/24/2014 - 17:08 | Link to Comment Onthebeach
Onthebeach's picture

Please inform Dr Yellen that her rehab patient in 75B is responding poorly to the QE taper and has been abusing nursing staff, pounding on the door of their room and threatening self-harm.  

Fri, 01/24/2014 - 17:13 | Link to Comment MsCreant
MsCreant's picture

That thing in there on life support is a zombie. It keeps making more zombies, the longer it is left undead. It eatz brainz and anything else healthy in an economy.

Fri, 01/24/2014 - 17:09 | Link to Comment LukeWorm
LukeWorm's picture

Dow never again above 16000 !

Fri, 01/24/2014 - 17:15 | Link to Comment MsCreant
MsCreant's picture

Hyper-inflation my precious...

Fri, 01/24/2014 - 18:12 | Link to Comment stormsailor
stormsailor's picture

and your little dog, too.

Fri, 01/24/2014 - 17:11 | Link to Comment BudFox2012
BudFox2012's picture

Just looked at the Market Watch Dow Chart.  What does a red down arrow mean, and why is today's total number a lot less than it was yesterday?  I don't understand what this means.  I thought the dow always went up regardless of what happens? </sarc>

Fri, 01/24/2014 - 18:12 | Link to Comment MeMongo
MeMongo's picture

I think it means "bullish" ;)

Sat, 01/25/2014 - 04:46 | Link to Comment -NaN-
-NaN-'s picture

Dont try and figure it out, just move along, nothing to see here. You need to visit cnbc.com where you are safe, and it will all make sense after a while.

Fri, 01/24/2014 - 17:11 | Link to Comment HaroldWang
HaroldWang's picture

Can't believe you wasted the deer yesterday! -300 Dow day should always get the deer. Should be a steadfast rule around here IMO.

Fri, 01/24/2014 - 19:55 | Link to Comment frankthomaswhite59
frankthomaswhite59's picture

name the deer...

someone above suggests it be

named hesinberg.

I'd go with Janet

Fri, 01/24/2014 - 17:12 | Link to Comment ebworthen
ebworthen's picture

Some Hag from Merrill Lynch was on CNBC saying this was a great buying opportunity.

Funny how those parasitic fund managers always talk their book regardless of fundamentals.

Fri, 01/24/2014 - 17:18 | Link to Comment MsCreant
MsCreant's picture

Was it Janet Yellen, because that hag CAN buy the whole thing...

Fri, 01/24/2014 - 17:39 | Link to Comment mayhem_korner
mayhem_korner's picture

 

 

"Hag" is one of the most descriptive three-letter words in the language.  +1 for capitalizing

Fri, 01/24/2014 - 19:57 | Link to Comment frankthomaswhite59
frankthomaswhite59's picture

it is a proper name

Fri, 01/24/2014 - 19:40 | Link to Comment RafterManFMJ
RafterManFMJ's picture

Some Hag from Merrill Lynch was on CNBC saying this was a great buying opportunity.
******

You're dumb enough to believe what the TV or the .gov feeds you, you get what you got a-comin'.

Fri, 01/24/2014 - 17:14 | Link to Comment Ness.
Ness.'s picture

Equity futures still getting sold after close.  Me likey.  Last one out is a rotten egg, bitchez!

Fri, 01/24/2014 - 17:16 | Link to Comment Hindenburg...Oh Man
Hindenburg...Oh Man's picture

Keeping it all in context, I believe that the NASDAQ was still lower as recently as the 13th of January, and again the 6th of Jan. On days like this your talking heads on CNBC fail to point out that we had consistent  DAILY increases of .30 to 1.5 percent on the NASDAQ....and acted as if this were normal.

On a different note, the e mini 100 NASDAQ futures are extremely ugly even after hours.

Fri, 01/24/2014 - 17:18 | Link to Comment Surging Chaos
Surging Chaos's picture

Two deers in 10 days and now DK makes his triumphant return.

The Bernank couldn't have timed his exit any better. Get to work Mr. Yellen!

Fri, 01/24/2014 - 17:17 | Link to Comment asscannon101
asscannon101's picture

Aaaaaaaaaaaand its gone.....

Fri, 01/24/2014 - 20:09 | Link to Comment Miffed Microbio...
Miffed Microbiologist's picture

God wouldn't that be funny. Have a government worker friend retiring this week at 55 on 97% of salary. He's been rubbing my nose in it for a while. God, I want some payback!

Miffed;-)

Fri, 01/24/2014 - 20:24 | Link to Comment Hulk
Hulk's picture

Jesus Miffed, there has go to be something in one of those little petri dishes of yours you can stick him with !!!

Fri, 01/24/2014 - 21:04 | Link to Comment Miffed Microbio...
Miffed Microbiologist's picture

Yes hulk dear, it is so frustrating having such weaponry at ones disposal and so many worthy of it use.

Wow, a Flowers By Irene truck just pulled up outside the lab. Maybe some lucky girl's hubby remembered an anniversary!

Miffed;-)

Sat, 01/25/2014 - 07:15 | Link to Comment BeetleBailey
BeetleBailey's picture

Kick em in the fucking balls

Fri, 01/24/2014 - 17:32 | Link to Comment SheepDog-One
SheepDog-One's picture

Ol Yellin....you're certainly no magical Princeton PhD foremost expert on the Great Depression and are touted as having 'all the answers'....you're just an old economist retread, stamped 'approved' by the Magical Negro or not.

Fri, 01/24/2014 - 17:21 | Link to Comment 25or6to4
25or6to4's picture

Now now, I'm sure according the MSM talking heads this is nothing but a little bit of "profit taking". Back to normal on Monday.

Fri, 01/24/2014 - 17:30 | Link to Comment cougar_w
cougar_w's picture

1.8% down, nuther 71.8% to go ...

http://memegenerator.net/instance/45197964

no wait I'm on a roll...

http://memegenerator.net/instance/45198094

Fri, 01/24/2014 - 17:44 | Link to Comment SheepDog-One
SheepDog-One's picture

When the markets are leveraged like they are, only takes a few% to wipe out institutions with 20% leverage and we know that is really more like 50% leveraged at this point. 2% drop and TBTF are feeling major pain.

Fri, 01/24/2014 - 17:23 | Link to Comment SillySalesmanQu...
SillySalesmanQuestion's picture

Hmmmm...two down days in a row and no rally? Did the PPT's terminal freeze up, freeze solid from the cold, or did Hell just freeze over....

Fri, 01/24/2014 - 20:35 | Link to Comment MeelionDollerBogus
MeelionDollerBogus's picture

Standard & Polarvortex! :-) http://youtu.be/OQufxG1GcAk

Fri, 01/24/2014 - 17:23 | Link to Comment walküre
walküre's picture

get used to it

Fri, 01/24/2014 - 17:24 | Link to Comment papaswamp
papaswamp's picture

Woooo futures getting slaughtered in after hours....

Fri, 01/24/2014 - 17:27 | Link to Comment lakecity55
Fri, 01/24/2014 - 17:24 | Link to Comment madbraz
madbraz's picture

Zero coupon long bond by far the best performer since the taper:  +7%

Fri, 01/24/2014 - 17:25 | Link to Comment SheepDog-One
SheepDog-One's picture

If this shitshow keeps going down for a while, watch all the BTFD'ers tune change to 'Gosh, sure am glad I saw it comin and cashed out at the top!'

Fri, 01/24/2014 - 17:34 | Link to Comment jtz5
jtz5's picture

We are 3% off the all-time highs, not exactly a cause for celebration. We have another 72% to go!

It's amazing what Bernanke did to investors' psychology where 3% is the end of the world. What a complete douchebag.

Fri, 01/24/2014 - 17:35 | Link to Comment SheepDog-One
SheepDog-One's picture

Well not really....when you consider the shitshow is MASSIVELY leveraged, it only takes -5% drop to wipe out 20% leverage, and most banks and funds are leveraged far beyond that.

Fri, 01/24/2014 - 17:33 | Link to Comment Daisy Duke
Fri, 01/24/2014 - 17:59 | Link to Comment ebworthen
ebworthen's picture

Tight stuff, thanks.

"Something's got to give!"

Fri, 01/24/2014 - 17:37 | Link to Comment skbull44
skbull44's picture

Is it time for the 'untaper' yet?

 

Fri, 01/24/2014 - 17:41 | Link to Comment AmericasCicero
AmericasCicero's picture

Damn!  Just when I was about to invest! /sarc

Fri, 01/24/2014 - 17:44 | Link to Comment disabledvet
disabledvet's picture

that "dollar index" is anything but. the moves in the Pound and Euro the past few months have been tremendous. Having said that people need to dust off their "Japanese Playbook" because that yen maintained an awful lot of strength right up until just a couple of years ago.

Having seen commodities get annihilated last year save natural gas and oil...why should I be bullish here?

The Fed could "do a 180"...and go back to QE...but the verdict is in on that. "Not growth supportive."

Taper might really be the answer.

We'll certainly find out next week.

Fri, 01/24/2014 - 17:47 | Link to Comment Spungo
Spungo's picture

They're inflating the stock market at a rate of 75 billion per month and the shit still goes down. What would this look like if they completely stopped?

Fri, 01/24/2014 - 17:49 | Link to Comment thismarketisrigged
thismarketisrigged's picture

WHAT A FUCKING AWESOME DAY!!

 

i said yesterday i would not be fully convinced until i saw something like this yesterday, and sure enough today was awesome, stocks down big across the globe on heavy volume.

 

i still can not be fully convinced just yet, but it was deff nice to finally see the day after a sell off follow through with an even bigger one rather than give back all the losses and then some gains.

 

its nice to see the central banks across the globe causing chaos in emerging markets.

Fri, 01/24/2014 - 17:54 | Link to Comment buzzsaw99
buzzsaw99's picture

fitting. donkey kong isn't a real donkey and this isn't a real market.

These aren't the droids you're looking for. [/obi wan]

Fri, 01/24/2014 - 17:52 | Link to Comment 25or6to4
25or6to4's picture

Whoooo, I don't think I've seen futures like that since early 09'. Think we'll see legislative action by the end of next wert? TARP 2.0 maybe. But who needs congress when Obummer has the power of the pen.

Fri, 01/24/2014 - 18:27 | Link to Comment notquantumdum
notquantumdum's picture

It must have been pretty ugly in equities today.  My bear put spread calendar combination on SPY went up 21% in the last 24 hours or so!

Fri, 01/24/2014 - 20:26 | Link to Comment MeelionDollerBogus
MeelionDollerBogus's picture

hell, hvu which doesn't even have expirations like options went up 17%, uvxy 18% (again, not even the options)

Fri, 01/31/2014 - 16:25 | Link to Comment notquantumdum
notquantumdum's picture

Wow, you have to be a glutton for punishment if you own those two securities for anything but daytrading.  From what I can tell those two securities own very short-dated futures, and they are constantly rolling into slightly longer-dated [but still very-short-time-until-expiration] futures.  That is a perfect recipe for losing massive amounts of money due to time-decay losses, if you hold these overnight, in my opinion.

http://bigcharts.marketwatch.com/advchart/frames/frames.asp?show=&insttype=&symb=hvu&time=9&startdate=1%2F4%2F1999&enddate=7%2F31%2F2013&freq=1&compidx=aaaaa%3A0&comptemptext=&comp=none&ma=1&maval=21%2C50%2C100%2C200&uf=7168&lf=268435456&lf2=16777216&lf3=33554432&type=2&style=320&size=4&timeFrameToggle=false&compareToToggle=false&indicatorsToggle=false&chartStyleToggle=false&state=15&x=0&y=0

http://bigcharts.marketwatch.com/advchart/frames/frames.asp?show=&insttype=&symb=uvxy&time=9&startdate=1%2F4%2F1999&enddate=7%2F31%2F2013&freq=1&compidx=aaaaa%3A0&comptemptext=&comp=none&ma=1&maval=21%2C50%2C100%2C200&uf=7168&lf=268435456&lf2=16777216&lf3=33554432&type=2&style=320&size=4&timeFrameToggle=false&compareToToggle=false&indicatorsToggle=false&chartStyleToggle=false&state=15&x=0&y=0

Instead of doing that, I like to own bear put calendar combinations where I own an equal number of long-until-expiration deep-in-the money puts,   even longer-until-expiration out-of-the-money puts, and a short position against out-of-the-money very-short-time-until expiration puts; all on the same underlying security.  This stategy requires frequent readjustment [especially if the underlying security rallies], but it allows one to profit from a selloff in the underlying while also capturing some THETA GAINS instead of only losing theta due to the huge portion of value apparently comprised by nothing but time value which will quickly decay with securities like the two you have mentioned.

PS -- DANGER, WILL ROBINSON!  Most people lose their a$$es trading options due to ignorance.  Get educated first or don't trade options!

Fri, 01/24/2014 - 18:32 | Link to Comment 25or6to4
25or6to4's picture

Wiley Coyote who had been running off the cliff for awhile now has just looked down and seen nothing but a far away canyon.

Fri, 01/24/2014 - 18:47 | Link to Comment Hindenburg...Oh Man
Hindenburg...Oh Man's picture

That was an ugly close. I haven't seen one like that in a while, where the downward pressure continues after hours so aggressively. 

Fri, 01/24/2014 - 19:42 | Link to Comment I Write Code
I Write Code's picture

You sure post a lot of charts!

And they don't mean squat for two reasons, first the 200ma for the Dow is down at 15400 so we can lose another 500 points and *stabilize* down there, and it still means squat, and we can dip another 400 points or so below temporarily and it STILL doesn't mean squat.  Second, the market is totally controlled by the Fed and if Ms. Yellen let this go so far, either she fixes it next week or else this was all *planned* because the upside had gotten out of control.  But you knew that.

Fri, 01/24/2014 - 20:21 | Link to Comment MeelionDollerBogus
MeelionDollerBogus's picture

buy tha muthafuckin dip, muppets!

Fri, 01/24/2014 - 20:32 | Link to Comment Clycntct
Clycntct's picture

But I didn't know the truth was going to be so painful.
I can't handle the truth.
Now where's my I-something so I can stick it in my mouth and suck on it.

Fri, 01/24/2014 - 20:54 | Link to Comment Oliver Klozoff
Oliver Klozoff's picture

How's Hugh Hendry?

Fri, 01/24/2014 - 22:44 | Link to Comment Mad Muppet
Mad Muppet's picture

Best grab my umbrella....gonna be banksters coming down like cats and dogs. Let it rain, sez me.

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