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Stocks Are Dumping (Again); All Indices Red Post-Yellen
Not only is it deja vu all over again (again) but our warning this morning of reality of a virtual reality world coming unglued is all too real. Biotechs and Momos are at the lows of the day; Nasdaq and Russell 2000 are now down 3% post-Yellen and all major indices (including the IBM-sponsored Dow) are now in negative territory post-Yellen. Financials, ahead of tonight's CCAR, are also fading fast (catching down to their credit counterparts). Of course, it's all about USDJPY... (oh sorry - fun-durr-mentals)
All major indices are red post-Yellen
As Biotechs re-collapse...
and Momos are fading fast...
And financials (as we said) are rolling over into the CCAR and catching down to credit...
We hate to say we told you so...
Despite today's pre-open ramp, which will be the 4th in a row, one wonders if biotechs will finally break the downward tractor beam they have been latched on to as the bubble has shown signs of cracking, or will the mad momo crowd come back with a vengeance - this too will be answered shortly.
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BRING IT!
the bounce is the trouncing of recoupling
reality will reinforce Ponzi one day
Market imitating life.
Take a shit, Flush it down.
RIPS
"Seculator: The ability to recognize government stupidly and profit from it."
PartysOver, 2014
I fucking told you mooks!
http://www.zerohedge.com/news/2014-03-26/its-another-non-virtual-futures...
Better fasten your seat belt, put your ballistic helmet on, secure loose objects and kiss this muthafucking bullshit market AMF!
flaccid Ponzi Yellenomics.
No air.
Gotta get the bears back in so they can be crushed some more.
You Sofa King Wi Todded!
Noooooo!!!!! Every. Time. ZH. Posts. About. A. Selloff. We. Rally.
I hope I'm wrong this time.
we hit the top. will "they" pump stocks 1 more time in the pre, or will stawks be down 2-3% tomorrow am? id bet the latter.
Ban selling!!
Why ban it, when you can just make it obsolete?
Exactly, that is the underlying goal of infinite QE. Why sell an asset for rapidly depreciating funny money? Just keep any asset you own. Selling demand evaporates and prices can go sky high.
I'm out. Bring it.
Edit: May 6, 2010 "flash crash" audio: http://www.youtube.com/watch?v=1mC4tu1NhUA
Hey thank you for that link earlier. I'll read it tonight after the kids hit the hay.
You won't be able to sleep. I walked around in a mental fog for about 3 days.
I'm holding. I want that CEO licking the mud off my boots by Friday.
dont worry people, minor hickup, the fed will ramp things up in a few seconds. the day will end in green.
until one day, for whatever reason, it fails.
I think it's going to roll over again to the SPX 1855 area. It's too early for a stick save rally.
and also just like before stocks will turn up prior to closing
Long food.
even longer fresh water
Even longer yet... Good scotch, ammo, reloading gear, sand bags, mean dogs, good scotch, more ammo, AR500, good scotch..
Candy Crush IPO probably a good a sign as any of a market top.
Wake me up when the dow is down 400, and the "curbs on" are the flashing CNBC headline.
I like 4000 point corrections...and seeing them called as such by CNBC myself. "Call me greedy" if you like...but I want the ponzu loving spread product chasing mo mo levered monkey phucks staring full on Total Default right in the eyes.
....... Candy Covered Clowns,
http://www.youtube.com/watch?v=gmsrO8xpe-w
http://www.youtube.com/watch?v=_uehfL60EA4
Obama can't be helping; he has been blathering on and one and on in Brussels.
Good Lord, those poor people trapped in that auditorium.
Long earplugs.
Pretty sure it was well over 1/2 hour, muted most of the time, he kept repeating the same platitudes.
I caught one doozy, where he said the Founding Father's "looked to Europe" when writing the Constitution.
Back asswards induction and revisionist history rolled into euphemisms stuffed with lies, spoken eloquently with sweeping hands and arms.
This guy believes he is a historical figure of note versus a footnote.
God save us from these megalomaniacal politicians!
Did you see the cartoon from the Belgian newspaper with Barry & Michelle photoshopped into "Planet of the Apes" faces?
It's getting pulled down from all the websites I can find. Those that still claim to have it are getting DDoS'ed like crazy. Do a search, but don't expect the links will work.
This one appears to still be up: http://mondaymidnitevision.blogspot.com/
Controversy!
He's a Legend in his own mind.
BURN BITCH BURN
BTFD.
I wonder what Bloomturds reasoning for the selloff today will be? Assuming we don't get the 3:30 MOMO ramp-A-thon.
BBG: Stocks down on better then expected GDP headline print> investers fear losing Yellen punch bowl.
Or some such shit...
"Taking profits". The old standby.
btfd bitchez this whore still has room to run. [/snark]
Warning: After reading this you, and perhaps, even Tyler and all of ZH will turn perma-uber bullish. After this, I predict Zerohedge will have a new weekly video feature: "Cramer's Corner w/ Host Kicker Picker Booya!"
ahem...
just heard the most bullish case for stawks. in the history of stawks and/or cases...
1. It took eons of years to have 1Billion middle class purchasers, and NOW, every 10 years, there will be a new 1Billion middle class purchasers (China)
2. Our energy leadership, being the new Saudi Arabia,,,etc etc, energy independant, jobs, manufactuing.
3. qe does NOT matter at all. They can just let the bonds "roll off", mature etc. so no worries about rates rising/defaulting.
4. forward p/e reasonable
5. huuuge cash on sidelines rarin'
6. less shares outstanding due to all the buy backs, good for ramp a thon.
7 Booyah!
s/p to 4k
It's "HOO RAH"...and I expect him to mean it when he says it. "Emotion" and "investing" is a toxic waste dump.
Rabid and rapid BTFD-ing ensues....
Kevin Henry! Terminal one Asap
Until its limit down twice in one day, I will keep drinking the Scotch...... but yes.. traction is not as good as it appears. I blame it on not enough accelerator, even if its through the floor
Ben Bernanki, paging Ben Bernanki, please pick-up your call on any white courtesy phone; that's Ben Bernanki.
somebody is dumping ahead of quarter end ...
Dumping? Come on, the DJ and S&P are down 0.3% or so. You can't have a green up day every day!
p.s. what about Gold and Silver? They WERE dumped over the last few days, big time, with gold struggling to hold $1300 and silver below $20 again.
'Dumping'. *chuckle* So what would be the appropriate verb to describe their ascent over the last few weeks, months, or years?
We see this as a normal market correction and reiterate S&P500 will easily hit 2400 by year end.
Reality can only be suspended for so long and it's already been a long 5 years...all is well as long as China is okey dokey....oh wait....
Ponzi is flaccid seeing Yellen.
pushing a string...pulling a thread.
Dumping the broken p-pump.
Shorting in 401K can be accomplished by QID, MZZ, etc.
QLD is the leveraged short NASDAQ symbol. If you don't know what you are saying, don't say it here. QLD is off -2.57% today, so listen to this goof at your own risk. On the other hand, when the QQQs are in the tank, QLD is OK.
What are you guys smokin??? Today's action, as well as the last two months proves the Fed is in more control than ever. This market pukes every 45 minutes - BUT BUT BUT POP, back to equilibrium in seconds. Gold gets killed and stocks flatten - O'Boy! Tonight, futures will be through the roof.
Get a clue you friggin tourist!
Yeah, wow, really popped back there.