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Stocks Are Dumping As Biotechs and Momos Resume Drop
Oh the dashed hopes... Just as we warned earlier... the dreams that yesterday was the dip to get back in and ride the waves of central bank largesse to another double in your favorite social media or Biotech stock are fading fast. Today is an almost perecect replay of yesterday's market action so far... pre-open Gold dump, JPY pump to sustain stocks at highs, spark retail bounce buyers back in and pros sell into strength as the "high growth" momentum stocks and Biotechs all reverse earlier gains in a hurry as all major stock indices are once again red post-Yellen.
From earlier...
everyone is asking: will it be deja vu all over again, and after a solid ramp into 9:30 am, facilitated without doubt by the traditional Yen carry trade, will stocks roll over as first biotech and then all other bubble stocks are whacked? We will find out in just over two hours.
Surprise!!
Which leaves all indices red post-FOMC...
USDJPY and stocks doing the deja vu all over again dance...
As "high growth" hope stocks tumble...
And Biotech plunges back to red...
Charts: Bloomberg
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How is the most shorted index doing?
Bought a little BIS hope to make a little bling. Bitchez!!
Lululemon has a bottomless crotch. This is symbolic of the now 1999-circa level (greater given margin debt levels) froth.
Priceline, KING Candy Crush IPO, Salesforce & Chipotle, Oh My!
Thanks, Bernank!
it's past frothy and ready to pay shorts out in spadez...
ZH post = low, ad infinitum
Seriously, and this time stocks aren't even red. Setting the floor higher and higher. Stop crowing ZH, the fascists are still winning, those who believe in fundamentals are still losing.
Dow's green, USDX is over 80, gold and silver capped--it's all good in Hollywood.
Don't fight the Fed:)
Double sided knife.
Nice gap fill.
Free, Fair, and most effecient markets in the world.
im all in.
In Physical Silver....still stackin fo' realz......
Queue Gartman any minute now to say his aggressively bullish call yesterday on fast money was wrong.
Wake me up sub-1790 SPX.
Mr Chairman needs to get his ass to work this morning
http://www.youtube.com/watch?v=Y0agZZ8jI6U
BEER MAN, HERE!
News flash!!!!
Im in Rancho Mirage on spring vacation. Friends wanted to join but were told place is all booked up! Well place is half empty!?!? Third day into spring break?!
Weird?!
Priceline & Hotwire booked a big block of rooms that they hope
to unload online via suckers.
This is everything wrong with the world today. You are in Rancho Mirage on Spring Break and you are posting rental info on ZH?! Go get drunk and chase some tail, man
@starman
It's a mirage! For realz! Seriously, though, it could be that the place is half-staffed to accomodate lower demand and keep operatings costs in line with expected lower revenue. Seeing this at restaurants all the time. The company cuts staffing to help on costs, but I would think that the company would also take the extra bookings and let the additional guests fight for service. So, maybe the rooms are for some large party later in the week or some Russian oligarch has the place booked?
Unrelated, but if anyone is still interested in the speculation still running deep on last Sunday's big announcement about Israeli' embassies closing world wide because of pension related issues of staff.
http://www.presstv.ir/detail/2014/03/25/355981/will-israel-kill-us-empire-this-week/
Interesting:
"Barbara Honegger, a former presidential advisor and Senior Military Affairs Journalist at the US Naval Postgraduate School, believes the Israeli diplomatic strike is just a cover story: "Because of the recall of Israel's Embassy and Consulate personnel worldwide under the guise of a wage strike – assuming this Reuters story is true – I believe Israel is about to go to war on Syria and Iran, which would bring in Russia, the U.S. and NATO. The Malaysia Airline'ssearch' is probably a cover for moving naval and air force military assets into place..."
And the worst part of all "the usual suspects" which by the way are all nuke capable are not in harmony with one another in "pulling whatever they have in mind" off!...
At this point you would have to find a new definition for the word chaos.
Tylers should stop watching those doom analists:
The Economy Is A Complete Illusion And It's Ready To Collapse - https://www.youtube.com/watch?v=ovwkZIngLDkIt's spelled analysts, not analists, bot.
bot? i don't know this word, what does it mean? (English is not my native language)
There's no reason anyone has to play the FED's game at all, just because there's a rigged casino doesn't mean you have to play it. The only reason they can get away with what they do is the Rip Van Winkle cognitive dissonance stupor of the public.
So fucking bullish. I think I'll double down on Twitter.
IBM up over $4 ensures the Dow doesn't go negative ...why is it up so much?
quarter end....
warrenn buffet
Lol. S&P 0.6% off its high and GREEN and poster creams his jeans. Talk about dashed hopes - for your doomsday scenario that for sure is coming any day now.
Just need the Russian invasion to ramp up again and we could see Dow 17,000 today!
Just buy the dip, it works every time.
I...keep putting on my shorts...and then taking them off again. Getting tired. When does the floor drop out on this ride ?
IBM up now over $5, someone sure wants an up day for the Dow!