Stocks Are Dumping (Again); All Indices Red Post-Yellen

Tyler Durden's picture


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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Wed, 03/26/2014 - 13:44 | 4594480 VD
VD's picture



the bounce is the trouncing of recoupling

reality will reinforce Ponzi one day

Wed, 03/26/2014 - 13:47 | 4594505 Deathrips
Deathrips's picture

Market imitating life.


Take a shit, Flush it down.



Wed, 03/26/2014 - 13:48 | 4594512 PartysOver
PartysOver's picture

"Seculator:  The ability to recognize government stupidly and profit from it."

PartysOver, 2014

Wed, 03/26/2014 - 14:08 | 4594576 Headbanger
Headbanger's picture

I fucking told you mooks!

Better fasten your seat belt, put your ballistic helmet on, secure loose objects and kiss this muthafucking bullshit market AMF!

Wed, 03/26/2014 - 14:56 | 4594907 HardlyZero
HardlyZero's picture

flaccid Ponzi Yellenomics.

No air.

Wed, 03/26/2014 - 13:49 | 4594516 James_Cole
James_Cole's picture

Gotta get the bears back in so they can be crushed some more. 

Wed, 03/26/2014 - 14:12 | 4594636 Headbanger
Headbanger's picture

You Sofa King Wi Todded!

Wed, 03/26/2014 - 13:43 | 4594481 Ness.
Ness.'s picture

Noooooo!!!!!   Every.  Time.  ZH.  Posts.  About.  A. Selloff.  We.  Rally.


I hope I'm wrong this time.

Wed, 03/26/2014 - 14:06 | 4594606 101 years and c...
101 years and counting's picture

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.

Wed, 03/26/2014 - 13:45 | 4594494 WhoIsJohnGaltCoin
WhoIsJohnGaltCoin's picture

Ban selling!!

Wed, 03/26/2014 - 13:54 | 4594548 ParkAveFlasher
ParkAveFlasher's picture

Why ban it, when you can just make it obsolete?

Wed, 03/26/2014 - 13:59 | 4594571 zaphod
zaphod's picture

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.

Wed, 03/26/2014 - 13:53 | 4594496 cougar_w
cougar_w's picture

I'm out. Bring it.

Edit: May 6, 2010 "flash crash" audio:

Wed, 03/26/2014 - 13:54 | 4594546 Dr. Engali
Dr. Engali's picture

Hey thank you for that link earlier. I'll read it tonight after the kids hit the hay.

Wed, 03/26/2014 - 13:56 | 4594556 cougar_w
cougar_w's picture

You won't be able to sleep. I walked around in a mental fog for about 3 days.

Wed, 03/26/2014 - 13:58 | 4594567 disabledvet
disabledvet's picture

I'm holding. I want that CEO licking the mud off my boots by Friday.

Wed, 03/26/2014 - 13:46 | 4594497 mtndds
mtndds's picture

dont worry people, minor hickup, the fed will ramp things up in a few seconds.  the day will end in green.

Wed, 03/26/2014 - 13:52 | 4594535 john39
john39's picture

until one day, for whatever reason, it fails.

Wed, 03/26/2014 - 13:59 | 4594574 Market Rage
Market Rage's picture

I think it's going to roll over again to the SPX 1855 area.  It's too early for a stick save rally.

Wed, 03/26/2014 - 13:46 | 4594500 Frank N. Beans
Frank N. Beans's picture

and also just like before stocks will turn up prior to closing


Wed, 03/26/2014 - 13:46 | 4594501 freewolf7
freewolf7's picture

Long food.

Wed, 03/26/2014 - 14:00 | 4594575 1stepcloser
1stepcloser's picture

even longer fresh water

Wed, 03/26/2014 - 14:06 | 4594607 Headbanger
Headbanger's picture

Even longer yet... Good scotch, ammo, reloading gear, sand bags, mean dogs, good scotch, more ammo, AR500, good scotch..

Wed, 03/26/2014 - 13:48 | 4594510 Hindenburg...Oh Man
Hindenburg...Oh Man's picture

Candy Crush IPO probably a good a sign as any of a market top. 

Wed, 03/26/2014 - 13:52 | 4594534 El Hosel
El Hosel's picture

Wake me up when the dow is down 400,  and the "curbs on" are the flashing CNBC headline.

Wed, 03/26/2014 - 14:01 | 4594583 disabledvet
disabledvet's picture

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.

Wed, 03/26/2014 - 14:06 | 4594584 El Hosel
El Hosel's picture

....... Candy Covered Clowns,

Wed, 03/26/2014 - 13:50 | 4594524 ebworthen
ebworthen's picture

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.

Wed, 03/26/2014 - 13:52 | 4594533 Winston Churchill
Winston Churchill's picture

Long earplugs.

Wed, 03/26/2014 - 14:05 | 4594591 ebworthen
ebworthen's picture

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!

Wed, 03/26/2014 - 14:15 | 4594651 NoDebt
NoDebt's picture

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.

Wed, 03/26/2014 - 14:19 | 4594676 ebworthen
ebworthen's picture

This one appears to still be up:


Wed, 03/26/2014 - 14:19 | 4594677 Bill of Rights
Bill of Rights's picture

He's a Legend in his own mind.

Wed, 03/26/2014 - 13:50 | 4594525 usednabused
usednabused's picture


Wed, 03/26/2014 - 13:52 | 4594538 Hindenburg...Oh Man
Hindenburg...Oh Man's picture


Wed, 03/26/2014 - 13:55 | 4594551 Yen Cross
Yen Cross's picture

  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...


Wed, 03/26/2014 - 14:03 | 4594585 i_call_you_my_base
i_call_you_my_base's picture

"Taking profits". The old standby.

Wed, 03/26/2014 - 13:55 | 4594553 buzzsaw99
buzzsaw99's picture

btfd bitchez this whore still has room to run. [/snark]

Wed, 03/26/2014 - 13:57 | 4594565 bdub2
bdub2's picture

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!"  



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

Wed, 03/26/2014 - 14:03 | 4594595 disabledvet
disabledvet's picture

It's "HOO RAH"...and I expect him to mean it when he says it. "Emotion" and "investing" is a toxic waste dump.

Wed, 03/26/2014 - 13:58 | 4594569 Hindenburg...Oh Man
Hindenburg...Oh Man's picture

Rabid and rapid BTFD-ing ensues....

Wed, 03/26/2014 - 14:00 | 4594578 Mentaliusanything
Mentaliusanything's picture

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

Wed, 03/26/2014 - 14:10 | 4594625 NOTaREALmerican
NOTaREALmerican's picture

Ben Bernanki,  paging Ben Bernanki,  please pick-up your call on any white courtesy phone; that's Ben Bernanki.

Wed, 03/26/2014 - 14:10 | 4594627 pragmatic hobo
pragmatic hobo's picture

somebody is dumping ahead of quarter end ...

Wed, 03/26/2014 - 14:13 | 4594641 Bokkenrijder
Bokkenrijder's picture

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.

Wed, 03/26/2014 - 14:15 | 4594652 soopy
soopy's picture

'Dumping'. *chuckle* So what would be the appropriate verb to describe their ascent over the last few weeks, months, or years?

Wed, 03/26/2014 - 14:14 | 4594648 xamax
xamax's picture

We see this as a normal market correction and reiterate S&P500 will easily hit 2400 by year end.

Wed, 03/26/2014 - 14:49 | 4594872 SheepDog-One
SheepDog-One's picture

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....

Wed, 03/26/2014 - 14:54 | 4594877 HardlyZero
HardlyZero's picture

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.

Wed, 03/26/2014 - 16:10 | 4595369 MrSteve
MrSteve's picture

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.

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