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Stocks Tumble To Red As "Good News Is Bad News"

Tyler Durden's picture




 

Having heard the great and good declare this morning's "beat" on the headline NFP data as indicative of 1) the recovery is awesome; 2) the reason why stocks have been rallying; and 3) the recovery is awesome... it appears between a rising unemployment rate, tumbling average hourly earnings, and Gazprom's threat in Europe, stocks are taking this "good news" as "bad news." Confirmed by Hilsenrath that the taper is on - which is what bonds, gold, and the dollar appeared to be saying - the S&P 500 having spiked 10 points is now 13 points off its highs and in the red for the day...

 

 

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Fri, 03/07/2014 - 10:59 | 4521072 machineh
machineh's picture

This outrage will not stand!

Fri, 03/07/2014 - 11:03 | 4521091 GetZeeGold
GetZeeGold's picture

 

 

So we're going back to sound market principles? This can't be good.

Fri, 03/07/2014 - 11:06 | 4521105 Panem et Circus
Panem et Circus's picture

Yellen: "Quick, que another Russia vs America article from the AP! We must have moar fear mongering damnit!!!"

Fri, 03/07/2014 - 11:25 | 4521177 Occident Mortal
Occident Mortal's picture

Perhaps the fed will send dollar bills to Europe to be burnt in their fireplaces and stoves, now that Gazprom is threatening to cut off their gas? That way everybody wins.

Fri, 03/07/2014 - 11:36 | 4521222 Obchelli
Obchelli's picture

ZH was right for just few minutes stocks back up defying any reasoning for them going down... So what is the half life of ZH being right? Don't get me wrong I agree with everything ZERO HEDGE says but that doesn't make them or me right on the markets

Fri, 03/07/2014 - 11:59 | 4521316 fonestar
fonestar's picture

Bitcoin very stable and good at $630.00.

https://btc-e.com/

Fri, 03/07/2014 - 12:21 | 4521435 indygo55
indygo55's picture

Hey Fonestar. Where in the USA can you buy Bitcoins? I mean where to buy without paying an outrageous fee and going through some really unscrupulous looking website where you don't know if your money will disappear the second you hit the send button?

Just wondering how to buy them for the going price inside the US.

Fri, 03/07/2014 - 12:24 | 4521453 fonestar
fonestar's picture

You can get them at localbitcoins.com like fonestar does, but like gold and silver coins you're not going to get them at "spot" prices.

Fri, 03/07/2014 - 12:15 | 4521408 MillionDollarBoner_
MillionDollarBoner_'s picture

Eeerrrr...just slightly longer than foney-star being right with Shitcoin being unstable and ungood at $620 ;o)

Fri, 03/07/2014 - 12:18 | 4521422 fonestar
fonestar's picture

Nope... $625 now fuckhead.  If you want to try and spread fake bullshit, fonestar will be happy to interject reality for you.

Fri, 03/07/2014 - 12:21 | 4521437 frenzic
frenzic's picture

-50 bucks for the day fuckhead

stellar performance once more

Fri, 03/07/2014 - 12:25 | 4521459 fonestar
fonestar's picture

Except it is not down $50 for the day.  It was $643 yesterday.  Nice try loser.

Fri, 03/07/2014 - 12:37 | 4521463 frenzic
frenzic's picture

Pick and choose your exchange. Sure.

It was 670 on stamp. We have gone up a few bucks since my comment but hey it's very stable isn't it.

http://i.imgur.com/HSQxiLJ.jpg

It's doubleplusgood.

Fri, 03/07/2014 - 12:50 | 4521558 frenzic
frenzic's picture

Downvote proof. Spread some more disinformation while you are at it. Your time is about up douchebag. Oh well you don't need me to go down in flames.

Fri, 03/07/2014 - 12:20 | 4521433 slightlyskeptical
slightlyskeptical's picture

ZH doesn't call the direction of the markets as far as I can see. Most here have not been calling for the market to tank. They simply shed light on the real truths behind the economy. They are also guilty of overstating the negative case at times.

Fri, 03/07/2014 - 11:06 | 4521108 Woodhippie
Woodhippie's picture

Unfortunately, no ... we're not.

Fri, 03/07/2014 - 11:46 | 4521275 Mr Pink
Mr Pink's picture

Yahoo headline "Job Growth Accelerates"

If I have to live in Bizarro World could it maybe be 80 degrees and sunny?

Fri, 03/07/2014 - 11:13 | 4521125 The Merovingian
The Merovingian's picture

 

Que the fluffer (Yellen), it's getting soft  ...

 

Fri, 03/07/2014 - 10:59 | 4521074 Ness.
Ness.'s picture

BUY BUY BUY!!!.  ZH picks the bottom, again, with another "stocks selloff" article.

Fri, 03/07/2014 - 11:09 | 4521128 Ness.
Ness.'s picture

Sorry my little red arrow friends - you were warned.  

Fri, 03/07/2014 - 11:22 | 4521169 gjp
gjp's picture

I'm with you Ness, the ZH bottom-calling post is almost 100% reliable.  So much so that Kevin Henry must be timing his interventions accordingly ... you would think a conspiracy theory like that would get more positive reception here.

Fri, 03/07/2014 - 11:25 | 4521180 soopy
soopy's picture

shhhhhh...you'll give away the secret.

Fri, 03/07/2014 - 11:24 | 4521176 derek_vineyard
derek_vineyard's picture

ZH is an excellent news outlet, but completely biased.   However, to go 'all in' on one asset group usually is a very bumpy ride....and ZH may not survive choosing that message.

 

Fri, 03/07/2014 - 11:01 | 4521083 Dr. Engali
Dr. Engali's picture

Gap fill.

Fri, 03/07/2014 - 11:04 | 4521096 fonzannoon
fonzannoon's picture

The whole momo sector is going through a correction. This way Dick Fisher can declare in a few weeks that valuations have come back in line with reality...this with the S&P still sniffing 1900....

Fri, 03/07/2014 - 11:03 | 4521093 rsnoble
rsnoble's picture

Well now that we've had our point 2 seconds of red you can go back to normal programming of low volume green meltup friday.

Fri, 03/07/2014 - 11:23 | 4521171 pods
pods's picture

Fitting that I just heard "Welcome my son, welcome...to....the machine.

pods

Fri, 03/07/2014 - 11:03 | 4521095 Hindenburg...Oh Man
Hindenburg...Oh Man's picture

Oh my god!! it's a dip---buy it!! You can go back to BTATFH later. 

Fri, 03/07/2014 - 11:04 | 4521099 RSloane
RSloane's picture

"Strong Jobs Data Send Wall Street Jumping" I assume they meant 'jumping for joy'. Its going to be a long emo day for WS.

Fri, 03/07/2014 - 11:06 | 4521109 fonzannoon
fonzannoon's picture

gold on the other hand will have a boot on it's neck all day

Fri, 03/07/2014 - 11:16 | 4521154 disabledvet
disabledvet's picture

that's nothing like copper.

Interpol is already issuing out all the arrest warrants for these clowns. There might be a bunch of Americans on the list too.

"not traveling to Europe for you."

Fri, 03/07/2014 - 11:07 | 4521113 disabledvet
disabledvet's picture

"bad news is good news until good news is bad news."

I think I understand now. "Cash is King"...interest rates on savings should rise and rise quite nicely here. I still haven't pulled my bond bet yet because if the EU "massively counter attacks Mother Russia" that opens up the Gates of Muscovy.

The KGB Colonel has some explaining to do.

Fri, 03/07/2014 - 11:08 | 4521118 BandGap
BandGap's picture

I suspect something is in the works, something unexpectedly bad. We were having a good time till the disturbance in the force.

 

Fri, 03/07/2014 - 11:08 | 4521119 Stoploss
Stoploss's picture

OT.

Since Bartiromo has made the mostly unwatchable news network into a completely unwatchable one now, are there any alts?

No need to keep NSAT&T any more. 

Fri, 03/07/2014 - 11:08 | 4521122 GrinandBearit
GrinandBearit's picture

I'm going to fade this article... total contrary indicator.  Almost like Cramer was during 2006 and 2007.  I made a fortune fading that idiot back then

Fri, 03/07/2014 - 11:09 | 4521123 glaucon was right
glaucon was right's picture

The stocks do not go red anymore.

 

Just light green. Did not you get the memo?

Fri, 03/07/2014 - 11:12 | 4521140 Winston Churchill
Winston Churchill's picture

King Yellen has pronounced all lights must be green.

In other news; 25 million Americans died in road traffic accidents today.

Fri, 03/07/2014 - 11:16 | 4521150 HardAssets
HardAssets's picture

Huh ? Went to the bathroom for 5 minutes & the stock 'market' also took a dump ? Should really take the iPhone with me in there.

Fri, 03/07/2014 - 11:16 | 4521155 adr
adr's picture

Remember when the media said we needed to add 350k jobs a month to be healthy. That 400k signals strong job growth. Remember when they used to say we need at least 225k just to keep up with population growth.

Now like earnings all that matters is that the number beats or misses the arbitrary prediction of investment banks.

Stocks cheer a number that is barely over half the number needed to keep up with population growth, and a number that is pure bullshit anyway. Every month last year the real number showed fewer people working during the month than the prior year. Real world job losses, not gains. People that did go to work did so because benefits were cut, taking any job at the lowest pay just to get money.

Fri, 03/07/2014 - 11:23 | 4521172 digitlman
digitlman's picture

Aaaaaaaaand it's back up again.

Fri, 03/07/2014 - 11:31 | 4521197 valley chick
valley chick's picture

Its BUY BUY BUY Coupons.com! Just can't make this shit up!

Fri, 03/07/2014 - 11:25 | 4521181 purplefrog
purplefrog's picture

You idiot!!   What crap!  Have you never heard of the Plunge Protection Team?  Just look at the graph now.  What the hell did you expect would happen.   Look at the price of the metals (except copper).   The manipulators are always at work.  I pray for the collapse.

 

Fri, 03/07/2014 - 11:29 | 4521194 skwid vacuous
skwid vacuous's picture

Dow 16500 hats, do they make those?

Fri, 03/07/2014 - 11:43 | 4521258 Mentaliusanything
Mentaliusanything's picture

Only in Half sizes, for half brains

Fri, 03/07/2014 - 11:34 | 4521214 elwind45
elwind45's picture

175k. Truely good news 4 news but nothing newsworthy

Fri, 03/07/2014 - 11:35 | 4521220 GrinandBearit
GrinandBearit's picture

In other news...

Bitcoin founder denies to be the bitcoin founder.

Dorian S. Nakamoto, the man that Newsweek claims is the founder of Bitcoin, denies he had anything to do with it and says he had never even heard of the digital currency until his son told him he had been contacted by a reporter three weeks ago.  

Fri, 03/07/2014 - 11:42 | 4521253 elwind45
elwind45's picture

Give back our chips you crook. RICOin

Fri, 03/07/2014 - 11:39 | 4521240 elwind45
elwind45's picture

Plunge protection team has been rebranded as melt up on no volume society

Fri, 03/07/2014 - 11:39 | 4521243 RealityCheque
RealityCheque's picture

Market schizophrenia needs to be treated with FIRE!!!

Fri, 03/07/2014 - 11:44 | 4521264 madbraz
madbraz's picture

Insane how they pushed the trannies immediately, vertically, to prevent the meltdown.

Fri, 03/07/2014 - 11:47 | 4521274 HRamos_3
HRamos_3's picture

Tyler, could you please refrain from using words like "crash", "tumble", "drop" & synonyms on post titles? 

Fri, 03/07/2014 - 12:21 | 4521284 Battleaxe
Battleaxe's picture

This market has been living on coffee and doughnuts for too long! How about another cup and another Krispy Kreme? And a Marlboro?

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