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Stocks Drop 4% From Their All Time Highs And This Happens....

Tyler Durden's picture




 

One couldn't make this up:

  • S.KOREA TO HOLD EMERGENCY MEETING ON JAN. 26 TO DISCUSS MARKETS

Bloomberg has the details: South Korea Vice Finance Minister Choo Kyung Ho will host an emergency meeting tomorrow at 11 a.m. with counterparts from Bank of Korea and financial regulators to discuss market instabilities in emerging economies including Argentina, ministry says in text message.

So what happens if there is a, gasp, 5% drop from all time S&P500 highs - Janet Yellen shows up on every TV channel and tells broke viewers now is the time to buy stocks and pay for them in 4 easy installments using their favorite EBT card. What about a 10% correction: the army gets mobilized? And should the unthinkable happen and the centrally-planned "market" crash by 20% then nothing short of DefCon 1 and a 24/7 curfew would be acceptable.

We joke, but this is what happens in a time when the "confidence" of the entire world is defined by the daily move straight line higher in the S&P, and the tiniest derivation from this path results in sheer panic.

 

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Sat, 01/25/2014 - 17:33 | 4367261 cossack55
cossack55's picture

Deep Kimchee

Sat, 01/25/2014 - 17:39 | 4367268 Occident Mortal
Occident Mortal's picture

The stock market is driven by inflation.

Sat, 01/25/2014 - 17:42 | 4367276 CH1
CH1's picture

A robust system, I say! ROBUST!

Sat, 01/25/2014 - 17:46 | 4367285 Gankfest
Gankfest's picture

It was only a matter of time...

Sat, 01/25/2014 - 18:13 | 4367317 flacon
flacon's picture

This is good news. The elite are pretty scared this time around. BUY PUTS, MAKE PAPER MONEY, SELL PAPER MONEY FOR GOLD. Rinse, repeat. Working a job and earning money that way is so last centry. I am holding puts on TESLA and NASDAQ over the weekend. Ready to convert to call before FOMC and then puts. Watch your VWAP. 

Sat, 01/25/2014 - 18:19 | 4367338 negative rates
negative rates's picture

4 easy installments, panic, who would da known??

Sat, 01/25/2014 - 19:03 | 4367406 Cult_of_Reason
Cult_of_Reason's picture

KOSPI broke below 200-MA on a daily chart, as well as Hang Seng.

Mexican Index also broke below 200-MA and technically looks like a classic short.

Sat, 01/25/2014 - 19:17 | 4367431 TruthInSunshine
TruthInSunshine's picture

Chuck "Fuck The Flyover States & Get To Work Printing MOAR" Schumer has bankster & Wall Street bosses who are not happy with the Senator.

Sat, 01/25/2014 - 19:36 | 4367447 Cult_of_Reason
Cult_of_Reason's picture

Goldman is net short; therefore, this time Chuck will not demand for more money printing to help the "unemployed." (The "unemployed" is a code name for "Wall Street bankers".)

Sat, 01/25/2014 - 23:52 | 4367803 Pinto Currency
Pinto Currency's picture

 

South Korea knows what is happening and the building wave of disruption has been visible for a long time.

South Korea never took the blue pill - market mayhem is on us and they are getting real:

http://www.commoditytrademantra.com/gold-trading-news/south-korea-opening-gold-exchange-in-q1-2014/

Sun, 01/26/2014 - 00:13 | 4367833 wee-weed up
wee-weed up's picture

 

 

No doubt, DHS is getting ready for use of all those billions of bullets they recently bought.

Sun, 01/26/2014 - 00:54 | 4367887 Flatchestynerdette
Flatchestynerdette's picture

Hey, WWup.

Nah, what's happened is that S. Korea hasn't received the phone call yet from Christine Lagarde like Janet Yellen got on Friday where Lagarde told Yellen to keep printing and forget any ideas Janet had about "tapering".

Once Lagarde gets on speaker phone w/both S. Korea and Argentina & tells them what to do, how high to jump, and when to do it, things will be just fine.

Now, who says the French aren't in charge? Pass the Champaigne!

Sun, 01/26/2014 - 05:39 | 4368013 Supernova Born
Supernova Born's picture

End of the Rainbow? A pot of gold

End of the baseless fiat parabola? Buckets of blood

South Korea is right to be worried.

Sun, 01/26/2014 - 07:59 | 4368084 SAT 800
SAT 800's picture

Who ever thought a skinny French Bitch with hairy armpits and a bicycle would be telling people what to do; what a world.

Sun, 01/26/2014 - 10:15 | 4368194 Vampyroteuthis ...
Vampyroteuthis infernalis's picture

This tells me that something is disturbing the markets more than just a correction. It is sign of a severe crisis brewing. Be aware!

Sun, 01/26/2014 - 10:45 | 4368229 thestarl
thestarl's picture

I can't stand the sight of that French bitch strutting around the globe no wonder things are so fucked up.

Sun, 01/26/2014 - 11:25 | 4368291 Stuck on Zero
Stuck on Zero's picture

Stockholders Prayer: "Even though I walk through the valley of the shadow of death, I fear no evil, for the PPT and the Fed are with me."


Sat, 01/25/2014 - 20:08 | 4367498 nmewn
nmewn's picture

There has never been a more contemptible, slithering, in the pocket of Wall Street banker politician than, Chuck Schumer...at least since Barney Fwank and Chris Dodd cashed out anyways.

Sat, 01/25/2014 - 20:32 | 4367528 frankthomaswhite59
frankthomaswhite59's picture

here, here...err

HEAR, HEAR!!!

Sat, 01/25/2014 - 22:32 | 4367686 HardlyZero
HardlyZero's picture

Janet Yellin' looks like a Tapir !

Sat, 01/25/2014 - 20:43 | 4367543 aVileRat
aVileRat's picture

Maxine Waters.

Nancy Pelosi.

Both of them make Harvy parties seem like physics exams.

The panic is not about the 1 day dip, it's about Margin Monday and the really big fun which may result in Singapore/S.Korean RNB/EU currency swap exposure. For a while now big fish have openly speculated and warned that the swings are going to force some serious deflationary problems if they go zero-currency reserve and need swap-lines in March.

Or whatever. Maybe Samsung wanted them to target the exchange rate to boost the 2014 buyback.

 

Sat, 01/25/2014 - 19:17 | 4367433 MarsInScorpio
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Just remember folks: You read it first - years ago - on ZH!!

-30-

Sat, 01/25/2014 - 19:50 | 4367475 Spitzer
Spitzer's picture

Mar Ket Fukt

We Tu Lo

 

Sat, 01/25/2014 - 22:26 | 4367677 HardlyZero
HardlyZero's picture

Janet Yellin' loves inserting Tapir long long time.

Sun, 01/26/2014 - 07:59 | 4368085 SAT 800
SAT 800's picture

Really. The broken clock that's going to be right some day.

Sun, 01/26/2014 - 10:15 | 4368195 Wahooo
Wahooo's picture

I'll tell you what that Ho is going to say: US has declared war on all currencies, so it's time to buy as much gold as possible.

Sat, 01/25/2014 - 18:21 | 4367345 CoonT
CoonT's picture

I like what I'm hearing, and I don't have a clue what the $%#@ you're saying..The "gist" I'm getting is:It's ok to hate the system, but that doesn't mean you shouldn't use it to your advantage (ala "don't hate the player, hate the game).

Time for this old coondog to learn some new tricks

Sat, 01/25/2014 - 18:41 | 4367378 EscapingProgress
EscapingProgress's picture

I'm all cash baby. BTFD. Once this party gets started I'll be offering 2 pennies for your homes, 1 penny for your dogs, and 1/2 penny for your wives. Act now because after this is all over it will only be 1 penny for the bundle.

Sat, 01/25/2014 - 19:19 | 4367434 new game
new game's picture

100 percent cash. looking for deals on craigs list. honda and toyota, mis priced home.

otherwise anything paper investment is just that, but good luck to ya, and i'm not the least bit envious of your gains-you did your d.d. and took the risk. good luck sincerely...

Sat, 01/25/2014 - 19:53 | 4367481 Spitzer
Spitzer's picture

You are taking the risk of not being able to get any physical gold.

Sun, 01/26/2014 - 00:08 | 4367825 silverserfer
silverserfer's picture

spitzer, its tool late for them let them have their cash. they dont deserve any gold. 

Sat, 01/25/2014 - 20:32 | 4367533 Spumoni
Spumoni's picture

So sorry EP, but the wife is gonna cost you a pound - of platinum.

Sun, 01/26/2014 - 09:30 | 4368148 Bangin7GramRocks
Bangin7GramRocks's picture

Once this "party" gets started, your cash and wife will be taken by roving bands of marauders. And they will kill and eat your dog before slicing your throat. The reset is coming, but it's nothing to be excited about.

Sat, 01/25/2014 - 17:47 | 4367286 The Shootist
The Shootist's picture

Why do people think it's normal that the Fed 'IS' the market and cling to every utterance of those criminal clowns.

Sat, 01/25/2014 - 17:48 | 4367298 Bangin7GramRocks
Bangin7GramRocks's picture

Because the dirty secret of Wall Street is that it is littered with dummies. The degenerate gambling gene is much more important than intelligence and math accumen. 

Sat, 01/25/2014 - 19:17 | 4367430 Matt
Matt's picture

It seems with the win/loss ratio, that wall street is more like the house than the gambler.

Sat, 01/25/2014 - 20:52 | 4367565 bigkahuna
bigkahuna's picture

They are the house until the senior partner (the fed) calls the note. Thats when it starts raining these fools in NY.

There appears to be a dress rehearsal coming up. The real deal will show up when all of the senior partnes" disappear.

Sat, 01/25/2014 - 20:02 | 4367493 Cognitive Dissonance
Cognitive Dissonance's picture

Actually they consider it a rigged game and feeding time for the Wall Street herd. Just don't be in front when the herd moves.

<And just like all addicted gamblers they believe they can beat the system and get out before everyone else.>

Sat, 01/25/2014 - 21:24 | 4367607 nmewn
nmewn's picture

I liken it to cocaine cartels...any syndicate would work, but this works better for the analogy.

You got your "producers" (the Fed & .gov) juicing the street with "free samples" until everyones hooked on the "product". Then, when a threat is introduced to the cartels, like the proposition that the product is actually bankrupting & killing people in mass, the cartels in unison step forward and say without their activities & commensurate taxation gained from the product, the people hooked on it would suffer horribly, so it must continue!

I mean, this is "high finance" we're talkin about here ;-)

Sun, 01/26/2014 - 00:56 | 4367890 Oh regional Indian
Oh regional Indian's picture

Nm, no linken-ing needed.

The banks ARE cocaine cartels pretending to be financial service providers...literally...

ori

Sun, 01/26/2014 - 08:23 | 4368101 nmewn
nmewn's picture

+1

Money laundering between cartels, whowouldathunkit eh? And the same ones who manipulate our precious in fiat price no less.

Thanks for tying the bow on it ORI ;-)

Sat, 01/25/2014 - 18:30 | 4367367 Jack Burton
Jack Burton's picture

Makes one wonder what real returns have been in the Bull Market if a real inflation figure was factored in and not government's fake inflatoin numbers..

It is interesting how governments panic at any market downturn or correction, when for several years markets have gone up in leaps and bounds, even a minimal down day or tow sets of panic meetings. Thus one wonders, would a real market downturn for a few months running cause an explosion in financial instruments on all the banke'rs books. Every thing has collateral behind it that is dubious at best, and unreal at worst.

Sat, 01/25/2014 - 19:32 | 4367455 CrazyCooter
CrazyCooter's picture

The answer, at least to me, is surprisingly simple; governments can't tax deflation. So, by logical extension, governments HATE deflation.

When I die and reincarnate, I want to come back as deflation just so I can violate one of the two guarantees in life!

Regards,

Cooter

Sat, 01/25/2014 - 19:10 | 4367423 caShOnlY
caShOnlY's picture

BTFD graduated to BTFATH? right? so wouldn't the normal path of regression be to fall back to BTFD???   What is right below BTFD?  BMB? (bail, mofo's, bail).  

Sat, 01/25/2014 - 18:12 | 4367330 stocktivity
stocktivity's picture

Perhaps we are underestimating what's all coming together.

Sat, 01/25/2014 - 18:22 | 4367347 Missiondweller
Missiondweller's picture

My thoughts too. Though I'm amused as anyone by ZH sarcasm, one wonders what's going on behind the scenes that they are so worried about.

Usually emergency meetings like this are to address an impending market failure rather than just a downturn.

Sat, 01/25/2014 - 19:06 | 4367417 viahj
viahj's picture

is S Korea the first to panic, thus the best panic? 

Sun, 01/26/2014 - 04:35 | 4367984 FreedomGuy
FreedomGuy's picture

I get your point but there is no such thing as a market failure. Markets are always adapting.

However, the real point is that any drop, any sustained drop in any market from what central planners want reveals their imperfection and limited power. That cannot be allowed.

Let's make it easy. Central planners assert stock markets only go up, government bonds are always expensive (low yields), commodities should always be cheap, especially PM's.

Any deviation from those things shows the central planners and government in general are not gods and have feet of clay. These guys look at a rain forest and assert they are botanists who could run it better. I think they actually believe their own BS and even if they don't they have to act like they do.

Sat, 01/25/2014 - 19:18 | 4367432 BandGap
BandGap's picture

My thoughts exactly. When even the simplest or slightest moves take on monumental proportions, there is a monster disruption in The Force.

Who will be the first to yell "fire!" in the crowded theatre? I find it interesting that some hacker also broke into CNN's web page and announced China was dumping all it's bonds. Little tests to judge which way the sytem is leaning, or if it is teetering.

Gonna be an interesting week.

Sun, 01/26/2014 - 10:01 | 4368180 Oldwood
Oldwood's picture

This is a test of the International Reality Avoidance Program Endeavor, or I-RAPE. They have been doing what they can to rape everyone financially through manipulation of all markets under the auspice of preserving the American Dream.

Sun, 01/26/2014 - 00:23 | 4367850 mt paul
mt paul's picture

will trade KimChee

for gold ...

Sun, 01/26/2014 - 08:51 | 4368121 Cattender
Cattender's picture

This entire JOKE has been going on for FAR TOO LONG. the market is FAKE and so is the RECOVERY!!!!!! (How HIGH is Unemployment for petes sake!)

Sat, 01/25/2014 - 17:34 | 4367262 VD
VD's picture

not a joke really.

Sat, 01/25/2014 - 17:37 | 4367265 slotmouth
slotmouth's picture

Everyone is now talking about being greedy when others are fearful.  I think people need a reminder of what fear really is.

Sat, 01/25/2014 - 17:38 | 4367269 holdbuysell
holdbuysell's picture

The hyper rehypothecation of stocks as the collateral in the chain is going to cause this thing to go super nova at some point.

Sat, 01/25/2014 - 17:44 | 4367280 Winston Churchill
Winston Churchill's picture

I think the Korean panic over -3% says it is.

Add in the 30:1 leverage of some players ,and -3% just wiped them out.

50/50 chance Monday could be a bloodbath when the margin calls are made.

Sat, 01/25/2014 - 17:53 | 4367307 Renewable Life
Renewable Life's picture

Once you add in the derivatives and other shadow bank goodies and the number jumps to 150:1, that's where all the darkness lives!!!!

That's the corner I want the light put on, and lets see what these fools think is real and "not real" then!!

Sat, 01/25/2014 - 21:57 | 4367648 HardlyZero
HardlyZero's picture

FED ZIRP inflated the carry trade in foreign markets, and the US stock market.

1/0 = infinite credit expansion.

Biggest bubble ever.

Yellin' Taper pops the bubble.

Sat, 01/25/2014 - 17:40 | 4367270 Bokkenrijder
Bokkenrijder's picture

Wasn't there some kind of default in China 'scheduled' on the 31st?

Sun, 01/26/2014 - 00:33 | 4367827 Tall Tom
Tall Tom's picture

+1000

 

I wonder what exposure South Korea has? That is exactly what I was thinking.

 

Exposure to HSBC ? (added)

Sun, 01/26/2014 - 01:11 | 4367909 Flatchestynerdette
Flatchestynerdette's picture

Yes, the default in China's equivalent of of a hedgefund was "scheduled" as in everyone knew about it but then last I heard, it had been "fixed" - I figured the counterparties now knew and had prepared.

Oh snap! This 4% drop IS the reset of the counterparties prior to the default so there won't be any tsunami waves on the 31st.

Sat, 01/25/2014 - 17:41 | 4367271 One And Only
One And Only's picture

Fuck South Korea. Fuck Argentina. Fuck globalization.

Fuckin cunts pushing this global equality interconnectedness bullshit.

Sat, 01/25/2014 - 17:44 | 4367284 El Vaquero
El Vaquero's picture

Sure, sure, sure, but tell us how you really feel.

Sat, 01/25/2014 - 18:22 | 4367344 negative rates
negative rates's picture

Yea, he could have just gone off grid and been alot happier.

Sat, 01/25/2014 - 17:40 | 4367273 Jlasoon
Jlasoon's picture
"Shit. I know shit's bad right now with all that starvin' bullshit. And the dust storms. And we runnin' out of French Fries and burrito coverings. But I got a solution". -President Comacho

 

Sat, 01/25/2014 - 17:58 | 4367312 Midas
Midas's picture

Well said, scro'

Sat, 01/25/2014 - 21:42 | 4367626 Ranger_Will
Ranger_Will's picture

"That's what you said last time, dipshit! Yeah, I got a solution: You're a dick! South Carolina, what's up!"

-South Carolina Delegation

Sun, 01/26/2014 - 06:24 | 4368036 edotabin
edotabin's picture

In the House of Representin' !!!!

Sun, 01/26/2014 - 10:31 | 4368215 TBT or not TBT
TBT or not TBT's picture

Comacho would recommend the markets be more heavily watered with Fed. It's got liquidity.

Sat, 01/25/2014 - 17:41 | 4367274 hugovanderbubble
hugovanderbubble's picture

Game Over

 

Sat, 01/25/2014 - 21:59 | 4367652 HardlyZero
HardlyZero's picture

What is an End Game with No Exit ?   Hmm.   DEAD END.

Sun, 01/26/2014 - 08:07 | 4368090 SAT 800
SAT 800's picture

If you wish to play again; please insert a real silver quarter. thank you; have a nice day.

Sat, 01/25/2014 - 17:44 | 4367279 Thorny Xi
Thorny Xi's picture

4% drop when your margin is 50:1 not so small problem

Sat, 01/25/2014 - 17:43 | 4367283 j-dub
j-dub's picture

When the stock market replaces the actual economy, these occurances become more commonplace.  Expect to see stupidity like this coming out of whoritohill soon.

The meeting agenda  1)Is the jig up?

                               2)How can we keep the bullshit going

                               3)Ms. chairwoman,get to work!

 

Sat, 01/25/2014 - 22:01 | 4367653 HardlyZero
HardlyZero's picture

she is Yellin' Taper!! and pops the bubble.

Sat, 01/25/2014 - 17:53 | 4367291 americanspirit
americanspirit's picture

Why doesn't somebody help that poor Choo Kyung Ho by giving her a Heimlich? Just because she's a Ho doesn't mean she should be left to choke to death. Have a little compassion people!

But seriously, the reason that SK is holding this emergency session is because financal collapse in even one or two of their main overseas resource supplier nations would endanger the entire SK manufacturing sector, and then it will be domino time among the Chaebols.

SK has almost zero natural resources and relies heavily on imported raw materials.

Sat, 01/25/2014 - 20:36 | 4367538 cossack55
cossack55's picture

They do have lots of rocks.

Sat, 01/25/2014 - 21:09 | 4367586 GooseShtepping Moron
GooseShtepping Moron's picture

I see what you did there.

Sun, 01/26/2014 - 08:12 | 4368092 SAT 800
SAT 800's picture

Plenty of snow and ice too; and plenty of imported oil; and plenty of really nice neighbors to the north who want to make life better for them if they have a moment of weakness. You gotta be tough to be a Korean.

Sat, 01/25/2014 - 17:48 | 4367297 backasswards
backasswards's picture

exactly

Sat, 01/25/2014 - 17:49 | 4367300 ptoemmes
ptoemmes's picture

Geez...10% "in the good ole days" was a normal and healthy correction.

 

20% OK maybe you're in a bear market.

 

4%-5% panic - just more proof that Central Bankers have broken markets.

Sat, 01/25/2014 - 19:08 | 4367418 Groundhog Day
Groundhog Day's picture

so much leverage and margin in the system that 5% is enough to set off margin calls....which beset margin calls and before you know it we have a failure or 2 and the vultures like GS then drive prices even lower on the liquidation sale (as long as it's not them...if it is they can just cancel the trades and do a do-over)

Sun, 01/26/2014 - 01:06 | 4367904 Flatchestynerdette
Flatchestynerdette's picture

Groundhog Day: Doesn't matter if GS drives the prices lower on the liquidation sale - they'll front run the options side of the deal. AI software will handle it all unless some loon pushes a wrong key on their keyboard.

Sat, 01/25/2014 - 17:50 | 4367301 hugovanderbubble
hugovanderbubble's picture

HSBC is in technical default,

 

So if this bank colllapses this week, ASIAN Markets will be destroyed.- But not only equities,

 

Bonds will crash

Fx will crash

Mega Credit Event

PM will soar.

Sat, 01/25/2014 - 18:40 | 4367381 SilverDOG
SilverDOG's picture

Die HSBC,  DIE !

Sun, 01/26/2014 - 08:15 | 4368096 SAT 800
SAT 800's picture

We can only pray. Oh, dear Lord please let HSBC die; publicly, totally, and completely; beyond the possibility of repair or redemption; this we ask in the name of your son Jesus Christ. Thank You, Oh Lord. there, I've done my part.

Sun, 01/26/2014 - 10:01 | 4368181 BoNeSxxx
BoNeSxxx's picture

... and take Goldman and JPM with you.

Amen

Sat, 01/25/2014 - 19:48 | 4367473 tip e. canoe
tip e. canoe's picture

HSBC is in technical default

in what way exactly (more than anyone else that is)?

Sat, 01/25/2014 - 21:22 | 4367606 WillyGroper
WillyGroper's picture

Gotta link?

Sun, 01/26/2014 - 00:21 | 4367844 Tall Tom
Tall Tom's picture

Yeah. You should read Zerohedge once in awhile. They got some cutting edge stuff...you know?

 

http://www.zerohedge.com/news/2014-01-24/bank-run-fears-continue-hsbc-restricts-large-cash-withdrawals

Sun, 01/26/2014 - 00:32 | 4367862 WillyGroper
WillyGroper's picture

I did happen to read that before it was posted on ZH. Jesse's maybe, I don't remember. 

How about an additional link with more info, Shorty?

Sat, 01/25/2014 - 17:52 | 4367305 Bangin7GramRocks
Bangin7GramRocks's picture

Is next week when we get treated to the sight of "free market capitalists" screaming for the gubmint to save them? It is a funny sight indeed. 3 Months after they are saved, it will be back to "free markets solve all problems" and the government will be evil again.

Sat, 01/25/2014 - 19:54 | 4367487 BeanusCountus
BeanusCountus's picture

"I Demand An Investigation!" will be the next mantra from leaders around the world if markets go down again next week. Yeeesh. We have come so far that "markets" are not allowed to do what they are supposed to do. Reset, reprice and reinforce the simple principle that return is a function of risk. Damn, i long for those days.

Sat, 01/25/2014 - 20:23 | 4367517 BeanusCountus
BeanusCountus's picture

"I Demand An Investigation!" will be the next mantra from leaders around the world if markets go down again next week. Yeeesh. We have come so far that "markets" are not allowed to do what they are supposed to do. Reset, reprice and reinforce the simple principle that return is a function of risk. Damn, i long for those days.

Sun, 01/26/2014 - 08:15 | 4368097 SAT 800
SAT 800's picture

"Welfare for the rich"; I must have lived too long.

Sat, 01/25/2014 - 18:00 | 4367306 debtor of last ...
debtor of last resort's picture

That's what it feels like. Hung up on a rope and getting beated by a stick every now and then, to see if you're dead. To make the flesh taste better, let the blood pump through your vains. Just like you do to dogs in Korea, for dinner.

Feels good hey?

Guess what: Fuk Yu Toe.

Sat, 01/25/2014 - 17:54 | 4367308 americanspirit
americanspirit's picture

To quote Slim Pickins as he rode the bomb down - Yaaaaahhhhhoooooo!

Sat, 01/25/2014 - 17:59 | 4367313 Miffed Microbio...
Miffed Microbiologist's picture

Bernanke must be laughing his ass off now that he's handed this shitbag situation over to Yellen. I'm sure his practicing his "dumb innocent look" for the cameras in the mirror right now. All we need is Hitlery at the helm and it's a fait accompli.

Miffed;-)

Sat, 01/25/2014 - 18:28 | 4367363 Waterfallsparkles
Waterfallsparkles's picture

Most Men leave their mess for Women to clean up.

Sat, 01/25/2014 - 19:51 | 4367478 Hulk
Hulk's picture

HEY !!!

you're right...

Sat, 01/25/2014 - 20:15 | 4367504 Miffed Microbio...
Miffed Microbiologist's picture

The trick is to never clean up their mess no matter how many maggots are wriggling in it or how much it stinks. Just hold your nose and walk by. After a while my man gave up and no longer crapped in our nest. Women tend to be people pleasers and enablers and then complain they are being used and are unappreciated. Unfortunately if you act like a door mat in this world people just wipe their feet on you.

Miffed;-)

Sat, 01/25/2014 - 20:22 | 4367518 Hulk
Hulk's picture

Ever thought of weaponizing Mr Miffed's underwear stains ??? It may be the only thing that can save us !!!

Sat, 01/25/2014 - 20:39 | 4367547 Miffed Microbio...
Miffed Microbiologist's picture

That was my plan exactly! Plus I was going to throw in a sprinkling of Bacillus anthracis, Coccidioides immitis and Yersinia pestis just for jollies. But a good bioterrorist always runs into the same old problem. Dissemination of your agent. I can't come up with a way to get TPTB to sniff his Jockeys!

Miffed;-)

Sat, 01/25/2014 - 20:46 | 4367554 Hulk
Hulk's picture

A meal at a good Mexican Restaurant ought to be the perfect dissemination agent !!!

Sun, 01/26/2014 - 04:28 | 4367982 Bearwagon
Bearwagon's picture

Get some Polonium for best effects. ;-) (A warning seems appropriate: Don't try to produce Polonium at home!)

Sat, 01/25/2014 - 20:32 | 4367531 americanspirit
americanspirit's picture

Old Yellen was a good old dog. Couldn't stay away from skunks though.

Sat, 01/25/2014 - 20:41 | 4367544 americanspirit
americanspirit's picture

I'm not as up on symptoms of metal illness as I should be hanging out here on ZH, but isn't one of the main symptoms of a psychopath that they believe that they are smarter than everyone and that they are in complete control?

Sat, 01/25/2014 - 20:44 | 4367552 Miffed Microbio...
Miffed Microbiologist's picture

"Metal illness" cute. I think I'm infected but in a good way. ;-)

Miffed;-)

Sat, 01/25/2014 - 22:03 | 4367656 americanspirit
americanspirit's picture

Dear Miffed  - oops - sticky keys and careless editor. Although I do like 'metal illness'. I have it too.

Sat, 01/25/2014 - 22:30 | 4367693 Miffed Microbio...
Miffed Microbiologist's picture

Guilty confession. I replied to you so you couldn't fix it. But only because it was a Freudian gem. ;-)

Miffed;-)

Sun, 01/26/2014 - 08:17 | 4368099 SAT 800
SAT 800's picture

Yes, and Yes. and LOL, for your comment.

Sat, 01/25/2014 - 18:37 | 4367316 Dewey Cheatum Howe
Dewey Cheatum Howe's picture

The stock market has officially jumped the shark into Airplane 2 territory.

This is the part where Elaine tells the passengers that are they are out of coffee and all hell breaks loose but the fact they are hurtling towards the sun for imminent destruction doesn't bother anyone.

https://www.youtube.com/watch?v=5ilGGP9BDZs

 

Sat, 01/25/2014 - 18:07 | 4367319 Son of Captain Nemo
Son of Captain Nemo's picture

So it all ends with a "human bridge" from North to South with troops engaged on it from both sides?... Smells like December 1950 all over again with the Battle of Chosin Resevoir only this time with better weapons!

Hope the Western Central Planners know what they're in for if they should choose to "role the dice" on Monday morning to start the week with an accident!

Sat, 01/25/2014 - 18:34 | 4367372 Deo vindice
Deo vindice's picture

You "roll the dice", whether it's on a Monday or any other day ending in 'y'.

Sat, 01/25/2014 - 18:38 | 4367377 Son of Captain Nemo
Son of Captain Nemo's picture

Yes.  But it has such a special meaning when you're Janet Yellen and Ben "Shalom" Bernanke and the responsibility that comes with throwing those dice and managing the Casino at the same time!

Sat, 01/25/2014 - 19:45 | 4367469 BandGap
BandGap's picture

North Korea kicks ass. Look what they have just accomplished. Rumor has it Dennis Rodman helped with the design of the Mother Ship, with an assist fom George Clinton.

http://www.tweaktown.com/news/35032/north-korea-confirms-it-has-landed-a-man-on-the-sun/index.html

Sat, 01/25/2014 - 18:09 | 4367323 Jlasoon
Jlasoon's picture

Maybe the NFL should schedule an emergency meeting to discuss Super Bowl ticket prices collapsing on the secondary/resale market. Seems few are willing to mortgage the house to sit in sub-freezing temperatures to watch some pointy ball. 

This coming "shitshow" should be fun,

Sat, 01/25/2014 - 18:20 | 4367340 Dewey Cheatum Howe
Dewey Cheatum Howe's picture

The security is going to be all sitting in the seats at this rate. I hope the thing shows up just how out of touch with reality the NFL is concerning their paying customers at the stadiums.

Sat, 01/25/2014 - 18:24 | 4367351 Jlasoon
Jlasoon's picture

Maybe the game will be blacked out in NY, lol

 

Sat, 01/25/2014 - 18:35 | 4367375 TeamDepends
TeamDepends's picture

Hey now, the NFL is a not-for-profit rainbow unicorn organization, with hugs and philanthropy for all.

Sun, 01/26/2014 - 10:44 | 4368226 TBT or not TBT
TBT or not TBT's picture

We may not have a constitution anymore, but by God we still have the NFL providing the good life to maybe a thousand bulky jackasses.

Sun, 01/26/2014 - 11:49 | 4368325 Dewey Cheatum Howe
Dewey Cheatum Howe's picture

Just like hockey in the old USSR.

Sat, 01/25/2014 - 18:26 | 4367355 Critical Path
Critical Path's picture

Indeed, "collapsed" to $1800.  And for shit seats I assume too? 

Sat, 01/25/2014 - 18:42 | 4367384 Son of Captain Nemo
Son of Captain Nemo's picture

Seems few are willing to mortgage the house to sit in sub-freezing temperatures to watch some pointy ball.

At the rate we're going this article only proves how bad and desperate the "powers that be" running it are getting these days.  I think mortgaging the house on a set of Superbowl tickets is so "2013" at this stage if this article is true.

http://voiceofrussia.com/news/2014_01_25/Medicaids-ability-to-take-away-peoples-assets-makes-people-to-withdraw-their-coverage-0781/

My advice?  Cut back on the visits to McDonalds and KFC and keep that membership to the gym as an insurance policy at this point!...

Sat, 01/25/2014 - 18:09 | 4367325 ZeroBoBo
ZeroBoBo's picture

I got this!
- Janet

Sat, 01/25/2014 - 18:14 | 4367333 css1971
css1971's picture

Maybe someone big has just been wiped out.

Sat, 01/25/2014 - 18:23 | 4367349 negative rates
negative rates's picture

I don't see any smoke signals yet.

Sat, 01/25/2014 - 18:17 | 4367335 booboo
booboo's picture

Zero has the State of the (soviet) Union addy coming up, may be a good time to distract the proles from the actual state of the union.

Sun, 01/26/2014 - 08:24 | 4368100 SAT 800
SAT 800's picture

Oh, that's right, it's about time for Oblammer to start 'splainin how it's all Bush's fault, again.

Sat, 01/25/2014 - 18:20 | 4367341 jonjon831983
jonjon831983's picture
It's all about confidence Panic of 1907

http://en.wikipedia.org/wiki/Panic_of_1907#Stock_exchange_nears_collapse

 

 

Sat, 01/25/2014 - 19:15 | 4367428 Carl Popper
Carl Popper's picture

I read somewhere the 1907  "rich man's depression" also resulted in the army having to be deployed in New York City to stop the mobs from hanging bankers. 

I would like to believe they got a few before the army arrived lol. 

Sat, 01/25/2014 - 18:24 | 4367346 Smegley Wanxalot
Smegley Wanxalot's picture

If I lost confidence every time I failed to get pu.... oh shit, we are truly screwed!

Sat, 01/25/2014 - 18:24 | 4367352 ebworthen
ebworthen's picture

Emerging economies are getting fucked over a barrel due to all the developed economies central banks money printing race-to-debase shenanigans.

Working individuals/families and retirees being pummeled with ZIRP and NIRP.

But hey, look at those equity markets!  Whoopee!

Sun, 01/26/2014 - 04:57 | 4367995 enloe creek
enloe creek's picture

MMMM,,, fucking over a barrel  good times if your the one NoT over the barrel

Sun, 01/26/2014 - 08:26 | 4368102 SAT 800
SAT 800's picture

Boy you got that one right; you're reminding me of some experiments I did with a really cute girlfriend in 1973; it was an old wooden water barrel, but she didn't mind a bit.

Sat, 01/25/2014 - 18:26 | 4367357 shermacman
shermacman's picture

Neither the Dow nor the KRX have suffered a 3% drop. Close, yes, but not even 3%. A move like that used to happen over the course of a week and people would look for buying opportunities. I don't recall an "Emergency Meeting" over a 2.94% drop over a couple of days before. The markets are completely disconnected from reality, people have bought the 'greater fool theory' sight unseen. Reminds me of how Present Øbama got elected.

Sat, 01/25/2014 - 21:32 | 4367615 gearbaby
gearbaby's picture

He got elected because the people had had enough of Republican/Bush/Cheney fascist-corporatist-MIC bullshit. Period.

Sat, 01/25/2014 - 21:52 | 4367646 Savyindallas
Savyindallas's picture

And now we get Democrat Obama/Pelosi? fascist-corporatist-MIC bullshit.

Republican Fascists turn again  -rinse and repeat. 

Sat, 01/25/2014 - 18:27 | 4367359 Waterfallsparkles
Waterfallsparkles's picture

Did they "invest" in the Market to take some of that QE debt that the FED has been producing?  Must have a lot at risk.

Sat, 01/25/2014 - 18:29 | 4367362 debtor of last ...
debtor of last resort's picture

Don't make me angry, mr. Choo Kyung Ho, you wouldn't like me when i'm angry.

Sat, 01/25/2014 - 18:31 | 4367366 BanksterSlayer
BanksterSlayer's picture

What? Nobody here has yet mentioned Christine Lagarde's stunning comments from Davos today? They aren't just hinting at a global currency reset any longer. They are ANNOUNCING IT. All: do yourself a favor and listen to the first 10 minutes of this roundtable. Christine says she has two "R" words: RISK and RESET. And her RESET is broken down three ways, one of which is this:

"Reset, in the sense that once it is well anchored, then those accommodating monetary policies have to be reformulated; have to move either back into their old territories or be more traditional, or be, maybe of a different kind and I am sure central bankers around here will be able to comment on that."

 

http://www.weforum.org/sessions/summary/global-economic-outlook-2014

Sooo, Chrissy: exactly what "different kind" are we talking about here, hmmmmm?

 

 

Sat, 01/25/2014 - 18:57 | 4367398 Encroaching Darkness
Encroaching Darkness's picture

The sad and pathetic thing is that the central bankers think they can design, perform and control  such a "reset".

Reminds me of the various parties in the "Alien" movies who try to bring one back, thinking they can control it.

They get eaten, basically.

http://www.youtube.com/watch?v=Jp7SNoYOQmY

Sun, 01/26/2014 - 05:58 | 4368029 kurt
kurt's picture

Here's a scenario for you:

Satoshi is no savior, he's a huge black op to create perceived value in the magic of a "digital currency." It was trotted out when the men behind the curtain knew the movement of gold can't be sustained or tolerated or normalized vis a vis the dollar.  The dollar's status as the reserve is breaking down and a replacement is needed and neither another country's currency nor gold will be allowed to replace it.  Since bit-coin is a controlled model running safely inside a supercomputer in Colorado and Utah it can "appear" to take over the role of reserve currency, with the illusion of democratic equanimity.  It will then be easy to implode all the world currency, liquidate derivatives, and all savings.  The central bank of the world will be operating completely in the black in both meanings or the word.  Everybody who is ultra rich now will be kept whole through the process. The police, surveillance, media monopolies will contain the hordes.

Sun, 01/26/2014 - 00:50 | 4367883 HulkHogan
HulkHogan's picture

thank you for the link. very interesting

Sun, 01/26/2014 - 01:26 | 4367917 Flatchestynerdette
Flatchestynerdette's picture

Hulk - what link are you ref'ing? The Alien youtube or the Christine Davos one? LOL.

Sun, 01/26/2014 - 11:03 | 4368256 tunnelvizn
tunnelvizn's picture

From the looks of both - there is indeed a family resemblance . 

Sat, 01/25/2014 - 18:34 | 4367371 Hindenburg...Oh Man
Hindenburg...Oh Man's picture

No shit. The CNBC talking head-hosts were acting like it were the end of the world on Friday when we had 1.5 percent off on the NASDAQ, but during the past two weeks no one blinked an eye when the same index made daily climbs of .3 to 1.5 percent. As if this upward climb were some normal,everyday, expected return---sure, let's have 90-150 percent return on the year then.

"A correction?  You can't handle a correction!!" (in the voice of Jack Nicholson, in his role in "A Few Good Men")

Sat, 01/25/2014 - 18:34 | 4367373 starman
starman's picture

HSBC i thougt things were bloody marveleous in the Britsh Empire?

China we just built 20 gost cities , if you build it they will run!

game over 

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