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Stocks Collapse To Fresh 2014 Lows

Tyler Durden's picture


Bad (ADP) news was good news but good (ISM Service) news is devastating and stocks are collapsing to fresh 2014 lows this morning as high-beta hope trades unwind en masse. The small-cap Russell is underperforming. All indices are now notably negative from the December taper. The Dow is down 7.4% in 2014! VIX is back over 20.5% 


An ugly year so far...


All red from the Taper...


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Wed, 02/05/2014 - 11:31 | 4403977 The Shootist
The Shootist's picture

We want a drop, we want a drop!

Wed, 02/05/2014 - 11:36 | 4403990 takeaction
takeaction's picture

The jobs report is bad, and Gold goes down and the markets go up...then the ISM comes in good and metals take off again and the market crashes...Really?  Am I missing something here?  It seems exact opposite of what should happen.  Thank god for this site....I should have never quit coffee.

Wed, 02/05/2014 - 11:38 | 4404005 slotmouth
slotmouth's picture

I think it is extra awesome how the 101 level on USDJPY breaks perfectly to coincide with the ADP report.  Naw, no manipulation here.

Wed, 02/05/2014 - 11:55 | 4404096 THX 1178
THX 1178's picture

The FED can't print they'll destroy everything.

The FED can't not print, everything will be destroyed.

ZH in a nutshell.

Wed, 02/05/2014 - 12:00 | 4404129 TerminalDebt
TerminalDebt's picture


you forgot to mention the sky is falling

Wed, 02/05/2014 - 13:18 | 4404358 TheRideNeverEnds
TheRideNeverEnds's picture

Yea man, facebook is nearly a full two dollars off its all time high, I personally am starting to get a little panicked.  

Wed, 02/05/2014 - 12:02 | 4404137 Chupacabra-322
Chupacabra-322's picture

Yes, but the proverbial question still stands:

Has the Shit Hit The Fan yet?

Wed, 02/05/2014 - 12:22 | 4404214 Jack Napier
Jack Napier's picture

Not until the fat cats are done gorging.

Wed, 02/05/2014 - 12:33 | 4404249 TheInfoman
TheInfoman's picture

No.  But we can smell it from here.

Wed, 02/05/2014 - 12:37 | 4404269 Australian Economist
Australian Economist's picture

When TSHTF and everything is FUBAR TPTB will save TBTF who BTFATH while we are USCWAP



Wed, 02/05/2014 - 12:51 | 4404303 DontGive
DontGive's picture

You forgot FTW, sir.

Thu, 02/06/2014 - 03:34 | 4407089 Joseff Stalin
Joseff Stalin's picture

No shit Sherlock.

Thu, 02/06/2014 - 03:37 | 4407093 Joseff Stalin
Joseff Stalin's picture


In a Virtual Address Extension (VAX), the acronym FUBAR has been adapted to refer to the words "failed UniBus address register." Some programmers apparently managed to sneak this by humorless higher-ups, and the term stuck.

Thu, 02/06/2014 - 03:46 | 4407098 Joseff Stalin
Joseff Stalin's picture


University of South Carolina Wireless Access Protocol? This is just one of many, many possibilities. Maybe if you gave us some insight in where or what context it's being used in, we might be able to help more.

Wed, 02/05/2014 - 12:08 | 4404165 1100-TACTICAL-12
1100-TACTICAL-12's picture

The light is getting brighter, and the horns getting louder...

Wed, 02/05/2014 - 11:38 | 4404007 Long-John-Silver
Long-John-Silver's picture

Manipulation always blurs reality.

Wed, 02/05/2014 - 11:40 | 4404016 Bearwagon
Bearwagon's picture

And vice versa.

Wed, 02/05/2014 - 11:54 | 4404091 Headbanger
Headbanger's picture

The S&P 500 will probably hit 1700 before it bounces back some.

Which would put the DJIA down to the 15,000 level.

But if the market breaks through those levels fast then who knows how far it will fall before it bounces back much.



Wed, 02/05/2014 - 11:56 | 4404110 HyBrasilian
HyBrasilian's picture

Your DOW 15,000 hat is going to get bloody

Wed, 02/05/2014 - 12:08 | 4404163 SAT 800
SAT 800's picture

You're a funny looking guy, but I like the way you think.

Wed, 02/05/2014 - 11:41 | 4404031 Sudden Debt
Sudden Debt's picture

I think your drinking may be partly to blame also...

Wed, 02/05/2014 - 11:50 | 4404069 Sofa King Confused
Sofa King Confused's picture

The market is acting very strange lately.  Either they need to sell off a bit to give the illusion of a free market or the PPT is on holiday.

Wed, 02/05/2014 - 11:54 | 4404104 Mesquite
Mesquite's picture

Snowy commute...

Wed, 02/05/2014 - 12:10 | 4404170 Sudden Debt
Sudden Debt's picture

They'll drop another 6% and than rally 20% and than drop 50%

That's how I'll trade it

Thu, 02/06/2014 - 03:50 | 4407100 Joseff Stalin
Joseff Stalin's picture

MOST LIKELY copper water pipes.  Causes schizophrenia with symptoms of anxiety, nervousness, depression, disperceptions and delusions.  Female hormones cause copper to be retained, so women get symptoms first.

Wed, 02/05/2014 - 11:41 | 4404020 mayhem_korner
mayhem_korner's picture



They are just testing the algos' programming.  Debugging to make sure the next big flash move goes without a hitch.

Wed, 02/05/2014 - 11:35 | 4403992 Alpha Dog Food
Alpha Dog Food's picture



This guy knows what 'drop' means :-)

Wed, 02/05/2014 - 12:28 | 4404225 The Dunce
The Dunce's picture

It comes down to this:  The market needs its stimulus.  Good news means no stimulus.  Bad news means stimulus.  Fair is foul; foul is fair.  Bitches.

Wed, 02/05/2014 - 11:34 | 4403985 Alpha Dog Food
Alpha Dog Food's picture

It's all gonna end in a shitstorm

I prefere this cartoon fonzonnoon, that PR Guy posted a few minutes ago.

Wed, 02/05/2014 - 11:43 | 4404015 TruthInSunshine
TruthInSunshine's picture

Tens of thousands of sell-side anal-cysts on Wall Street join in a chorus of "Print! Print! Print! CTRL+P!!!" aimed at Janet "Mrs. Debtfire" Yellen, that builds in pitch until it thunders like a rolling storm across Manhattan...

...In the meantime, Ben "Time Man of the Year" Bernanke snickers in his lair, knowing full well that all the CTRL+P in the world would only telegraph once and for all that the now completely dose-tolerant junky of a patient that is Wall Street is terminally ill, and that he hath already broken the spinal cord of any and all "markets" that had still existed upon his taking the reins of the Creature from Jekyll Island.

Wed, 02/05/2014 - 12:04 | 4404142 sgorem
sgorem's picture

+1.....poetic injustice......thanks...

Wed, 02/05/2014 - 11:49 | 4404075 Shrapnel
Shrapnel's picture

LOL, thanks for posting the link to that vid!

Wed, 02/05/2014 - 11:31 | 4403981 Occident Mortal
Occident Mortal's picture

Glad I am short the DOW.

Wed, 02/05/2014 - 12:12 | 4404178 SAT 800
SAT 800's picture

Does anybody remember two weeks ago? When the Stock Market was going to go up forever, and Bears were "out of tune with the times" and "didn't understand the new business model". LOL.

Thu, 02/06/2014 - 03:57 | 4407103 Joseff Stalin
Joseff Stalin's picture

Aparently two weeks ahead of the times.

Wed, 02/05/2014 - 11:34 | 4403986 the 300000000th...
the 300000000th percent's picture

looks like the Bernake got out of that burning building just in time. What a dooche

Wed, 02/05/2014 - 11:37 | 4404006 mayhem_korner
mayhem_korner's picture



'course, he's one of the ones who set fire to it.

Wed, 02/05/2014 - 11:39 | 4404018 Long-John-Silver
Long-John-Silver's picture

I hear lots of Yellen coming from inside.

Wed, 02/05/2014 - 11:41 | 4404028 mayhem_korner
mayhem_korner's picture




Wed, 02/05/2014 - 11:43 | 4404033 EuropeanBankster
EuropeanBankster's picture



Wed, 02/05/2014 - 11:48 | 4404074 Sudden Debt
Sudden Debt's picture

I've heard he was crying in his limo on the way to his new million dollar job...


Wed, 02/05/2014 - 11:33 | 4403989 buzzsaw99
buzzsaw99's picture

stocks should be renamed "fed policy instruments"

Wed, 02/05/2014 - 11:50 | 4404067 kralizec
kralizec's picture











Wed, 02/05/2014 - 11:34 | 4403994 kralizec
kralizec's picture

These are not the stocks I am looking for...

Guns, ammo, PMs, food, water, fuel...hey look, I got stocks!

Wed, 02/05/2014 - 11:35 | 4403996 I Am Not a Copp...
I Am Not a Copper Top's picture

Here comes the ramp job

Wed, 02/05/2014 - 11:44 | 4404039 Rainman
Rainman's picture

Damn..with all this excitement I lost track of the Feb. POMO schedule 

Wed, 02/05/2014 - 11:46 | 4404004 Kirk2NCC1701
Kirk2NCC1701's picture

A BTFD moment for Perma-Bulls and a Schadenfreude moment for Perma-Bears/Goldbugs.

And a "Who gives a shit" moment for the 70% who don't have a dog in either fight.

Wed, 02/05/2014 - 11:37 | 4404009 Winston Churchill
Winston Churchill's picture

Appears Wile E Coyote just looked down.

He is frantically paddling his feet right now.

Wed, 02/05/2014 - 11:40 | 4404025 eclectic syncretist
eclectic syncretist's picture

And about to get out his little "help" sign.

Wed, 02/05/2014 - 12:16 | 4404192 SAT 800
SAT 800's picture

That's about it all right; that's just how rational stock markets are; when you're in business selling paper on margin that may or may not be worth anything next month; you have to expect some ups and downs. I mean, it's not exactly like the Farm Tractor Industry.

Wed, 02/05/2014 - 11:38 | 4404012 Mrmojorisin515
Mrmojorisin515's picture

stop watching the stock market, the only things you need to watch are the yield on the 10 year and the price of oil.  Neither has moved as much during this "downturn" as they should have.  Fed is losing control of the 10 year.

Wed, 02/05/2014 - 11:41 | 4404017 syntaxterror
syntaxterror's picture

If it drops another 5000 points, I might be a buyer.

Wed, 02/05/2014 - 12:18 | 4404196 SAT 800
SAT 800's picture

You'd be a brave man if you were a buyer then. But then so was that Japanese Soldier captured on the So. Pacific Island in 1963, who was still fighting WW11. Brave, but not necessarily in tune with the times.

Wed, 02/05/2014 - 11:39 | 4404021 Obama_4_Dictator
Obama_4_Dictator's picture

Bottom! Aweseom ZH - Awesome!

Wed, 02/05/2014 - 12:06 | 4404022 HRamos_3
HRamos_3's picture

if(strpos($zerohedge_title, 'stocks') && (strpos($zerohedge_title, 'collapse') || strpos($zerohedge_title, 'crash')))
  BTFD('all in');
  BTFATH('all in');

Just sayin... 

Wed, 02/05/2014 - 12:58 | 4404316 DontGive
DontGive's picture

Dang, we have us a quant among us. /sarc

Wed, 02/05/2014 - 14:06 | 4404497 HRamos_3
HRamos_3's picture

Too easy...

Wed, 02/05/2014 - 11:46 | 4404045 undercover brother
undercover brother's picture

collapse is a bit harsh.  I'd argue so far this selloff has been very orderly for a market that's been inflated for 5 straight years.

Wed, 02/05/2014 - 11:46 | 4404061 syntaxterror
syntaxterror's picture

How about "surge" to the downside? After all, that's been the standard CNBC term for the last 5 years.

Wed, 02/05/2014 - 11:46 | 4404058 tarsubil
tarsubil's picture

Aren't stocks supposed to be fragile? In which case, they shouldn't be able to take much more of this, right?

Wed, 02/05/2014 - 11:52 | 4404083 Sudden Debt
Sudden Debt's picture

Anyway the rainbow blows...

Wed, 02/05/2014 - 11:50 | 4404086 muleskinner
muleskinner's picture

you can lead a bull to the whatchamacallit, but you can't make him stampede.

too windy to pick rock

too wet to plow


Wed, 02/05/2014 - 11:56 | 4404105 Marge N Call
Marge N Call's picture

Hmmmm. Didn't most of the talking heads get on stage and utter the phrase "We need a 10% correction before we can go higher"? Wow those guys are freaking GOOD.

Another 3% down and then BAM to the MOON.

Gents, configure your algos to "BTFD on max leverage" setting and prepare for maxiumum hookers and blow in the coming weeks baby!!!

Wed, 02/05/2014 - 11:58 | 4404117 ILLILLILLI
ILLILLILLI's picture

To quote the Black Knight:"...'tis only a scratch..."

Wed, 02/05/2014 - 12:19 | 4404210 SAT 800
SAT 800's picture

LOL. LOve Monty Python.

Wed, 02/05/2014 - 12:16 | 4404193 Spungo
Spungo's picture

This current market scares me. I refuse to buy the S&P until it hits a new all time high.

Wed, 02/05/2014 - 12:20 | 4404205 jmcadg
jmcadg's picture

No biggie. Like an average day as a physical silver investor ;)

Wed, 02/05/2014 - 12:38 | 4404227 BigRedRider
BigRedRider's picture

When the VIX closes at 80.86 like it did on November 20, 2008, then we can celebrate.


(Mitch: Everybody sing along)

Those were the days, my friend
We thought they'd never end
We'd sing and dance forever and a day
We'd live the life we choose
We'd fight and never lose
For we were young and sure to have our way
La la la la la la
La la la la la la

Wed, 02/05/2014 - 12:33 | 4404261 22winmag
22winmag's picture

Blame it on the snow, yeah yeah.


Whatever you do, don't put the blame on you.

Wed, 02/05/2014 - 13:12 | 4404343 contrarianz
contrarianz's picture

The origin of snow job

Wed, 02/05/2014 - 13:11 | 4404341 contrarianz
contrarianz's picture

Don't fight the taper!

Wed, 02/05/2014 - 13:15 | 4404353 syntaxterror
syntaxterror's picture

Don't fight the fed motherfuckers. YellenCoin is just going to bitchslap you if you don't buy their crack.

Wed, 02/05/2014 - 14:16 | 4404533 Bangin7GramRocks
Bangin7GramRocks's picture


Wed, 02/05/2014 - 15:45 | 4404979 Traderone
Traderone's picture

Ah, Gee!!!! it's just a stop run, c'mon people we see it every day so buy at 11.30 eastern. I know I did.

Wed, 02/05/2014 - 16:02 | 4405093 spud01
spud01's picture

The one and ONLY answer to the debt problem is to declare it null and void because of FRAUD!  It is fraud because it is mathematically impossible to repay !   It can not be repaid because the interest is never created on the loan and that is fraud !   And fraud voids all !   If we don’t void all out of thin air debt the bankers will own almost EVERYTHING !    And we will be homeless slaves !  They have a license to counterfeit !   Can I counterfeit the money to repay the loan ?  Why not ?   If we even attempt to repay a impossible debt (the national debt) all we do is show our ignorance !   The way to fix this mess is so simple a 3rd grader can figure it out !   We void the fraudulent debt!  and everyone keeps ALL the items they have so called debt on !   And then we start to use a debt free currency and / or gold and silver !  And then we will have a robust economy like never before — OR WE LET THE BANKERS STEAL EVERYTHING !
  I was in about the third grade when the news was talking about the national debt and I asked my dad who do we owe money to and who could possibly be richer than the United States?  and where did they get the money?  And then my dad took a gulp off his beer and said we owe it to our self !   I said that’s the dumbest thing I ever heard of !  that’s like me borrowing from my right pocket and setting fire to the interest and putting the rest in my left pocket !  This was about 1972 !   And yes it really is this simple  !  The bankers have a shoe in on ALL loans they make !  All they have to do is stop lending and then start foreclosing on ALL debts!-meaning they now own everything that has a debt by having a license to counterfeit !  So we 1 keep getting fleeced by continuing to pay this fraudulent scheme !  OR 2 we declare ALL out of thin air debt NULL AND VOID because of FRAUD !   And we ALL keep everything we have so called debt on!   MOST people don't get this part Every car, boat, house, machine, tool, farm,ect.  has already been paid for by the fraudulent paper!   So no one looses !   WE sure as hell cant give it to the banksters!   (let them steal it)   AND IT DOESENT MATTER IF YOU WANT TO  REDUCE THE DEBT 90% ITS STILL UNPAYABLE!  So when we void the FRAUD This will be the ultimate FRESH start for everyone !   Share this if you want THE solution to the WORLDS problems!   If not everything will continue to get worse until we have HONEST DEBT FREE MONEY /and GOLD AND SILVER !  And there is plenty of gold and silver!  just Divide the paper money (FRN) by the gold /silver and you have the value of them!  NO MATTER WHAT IT COMES TO per OZ ! Then we would be happy to work for SAY A ONE OZ. SILVER COIN A day ! Because NOW REAL MONEY will buy what  $100 did before the reset!   THINK ABOUT IT!   This is what Scripture calls the jubilee !

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