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 happens 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.

0
Your rating: None
 

- advertisements -

Comment viewing options

Select your preferred way to display the comments and click "Save settings" to activate your changes.
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 - 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
MarsInScorpio's picture

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 - 18:19 | 4367339 jbvtme
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.

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