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"Damn It, Janet!" Momos Mashed & Biotechs Buggered Once Again

Tyler Durden's picture




 

What did Janet Yellen do? Judging by the talking-heads or your favorite business media channel (or your friendly local asset-gatherer), she promised the Fed would hold everything up for longer and recovery (thanks to escape velocity growth at any moment) will be here any quarter... So what did she do that spanked all the high-growth hopes...

 

12 days in a row of dumping Biotechs...

 

But it's the entire high-growth bubble hype that is popping...

 

Charts: Bloomberg

 

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Thu, 04/03/2014 - 14:07 | 4621883 camaro68ss
camaro68ss's picture

Mr. yellens printing presses freeze up?

Thu, 04/03/2014 - 14:10 | 4621905 fockuyu
fockuyu's picture

Johnny Yellin noooOOOOOOO!!!

Thu, 04/03/2014 - 14:24 | 4621967 max2205
max2205's picture

Hey where is the fucking bonus chart?

Thu, 04/03/2014 - 14:35 | 4622023 davinci7_gis
davinci7_gis's picture

look people, the friggin market is topping out - take your money off the table before it's too late.  It's like an old guy taking a bottle of viagra (QE) and his wife still wanting it to go higher and longer so she keeps giving him more..eventually it will lead to a massicve heart attack.

Thu, 04/03/2014 - 15:18 | 4622223 Vampyroteuthis ...
Vampyroteuthis infernalis's picture

All artificial highs result in a crash. Here we go! Bitchez!!

Thu, 04/03/2014 - 15:49 | 4622339 Headbanger
Headbanger's picture

LET'S DO THE TIME WARP ... AGAIN!!!

http://www.youtube.com/watch?v=sg-vgGuTD8A

 

HOLY FUCKING SHIT!!      PUTIN LOOKS JUST LIKE RIFF RAFF!!

He's not KGB after all!!   But... an ALIEN!!

 

And now we return you to our regularly scheduled program..

Thu, 04/03/2014 - 14:07 | 4621887 kliguy38
kliguy38's picture

Grandmas got my back

Thu, 04/03/2014 - 14:09 | 4621896 DavidC
DavidC's picture

What, with the Dow and S&P up near all time highs?!

DavidC

Thu, 04/03/2014 - 14:09 | 4621897 The Most Intere...
The Most Interesting Frog in the World's picture

bitch!

Thu, 04/03/2014 - 14:09 | 4621900 Hindenburg...Oh Man
Hindenburg...Oh Man's picture

huge uptick right on Zero hedge call.

Thu, 04/03/2014 - 14:14 | 4621922 gjp
gjp's picture

yep, as usual - stop crowing ZH!  Momentum looks to be rolling over, it's true, but S&P is down a fraction and still staring down 1900 while gold is comatose and on the wrong side of $1300.

The fascists are still winning, it's only the muppets losing on the momo bullshit.

Thu, 04/03/2014 - 14:40 | 4622051 hobopants
hobopants's picture

If winning means smashing the gas pedal down harder with a cliff looming ahead then ya they're kicking ass

Thu, 04/03/2014 - 14:48 | 4622082 NoDebt
NoDebt's picture

Yeah, but we're in the 'General Lee' of superpower economies.  We'll clear that canyon NO PROBLEM.  Car won't even get a scratch, and we'll leave Rosco P. Coltrane, Sheriff of Debt, choking in our dust!

YEEE HAA!!

Thu, 04/03/2014 - 14:51 | 4622102 hobopants
hobopants's picture

Lol except the general has been replaced with a ford pinto...oh dear.

Thu, 04/03/2014 - 15:36 | 4622296 Problem Is
Problem Is's picture

+1 LMFAO...

The Ford Pinto
The all time rear ended fireball...

The stupid Ukrainian Nazi Fascist protestors should have been using Ford Pintos instead of Molotov Cocktails...

Thu, 04/03/2014 - 15:35 | 4622299 NoDebt
NoDebt's picture

Chevy Cobalt with a faulty ignition switch.

Thu, 04/03/2014 - 14:21 | 4621955 jcaz
jcaz's picture

Oh yes-  "huge uptick"-  the S&P ticked up 1 point, and even that didn't last 10 mins-

Good call, Cramer....

Thu, 04/03/2014 - 14:10 | 4621902 Squid Viscous
Squid Viscous's picture

tough day for the IBD momo-tard crowd... "cup with handle" formation = looks more like a toilet bowl now...

Thu, 04/03/2014 - 14:10 | 4621903 fonzannoon
fonzannoon's picture

I think the message is clear. Since no one can manage to find a way to make money doing anything other than buying the index, the Bernak is making it clear that everyone needs to get in SPY.

Thu, 04/03/2014 - 14:16 | 4621929 caShOnlY
caShOnlY's picture

".....it's just a jump to the left, then a step to the right"

Thu, 04/03/2014 - 14:16 | 4621930 praps
praps's picture

You don't actually believe that money printing has any lasting effect on stock prices do you?

Thu, 04/03/2014 - 14:45 | 4622071 hobopants
hobopants's picture

It doesn't!? Thanks for pissing on my entire investment strategy man! I guess ill go buy some silver or something.

Thu, 04/03/2014 - 14:18 | 4621938 drinkin koolaid
drinkin koolaid's picture

Sorry guys. Biotechs under accumulation. Setting up for a nice short term rally. Iill buy into more weakness from here today.

Thu, 04/03/2014 - 14:18 | 4621940 Squid Viscous
Squid Viscous's picture

Cramer?

Thu, 04/03/2014 - 14:21 | 4621949 drinkin koolaid
drinkin koolaid's picture

Nope. He's fucking Sue Herrera's corpse right now.

Thu, 04/03/2014 - 14:24 | 4621964 The Most Intere...
The Most Interesting Frog in the World's picture

I thought she was just a really really white white person...???  Go figure....

Thu, 04/03/2014 - 14:31 | 4622002 disabledvet
disabledvet's picture

that's not very nice.
I was thinking more along the lines of "Mission Accomplished" for President Putin.

He knows the mo-mo monkeys ain't got squawk without his oil.
And since we don't want to come in there and take it...well, it's not like there was ever much volume to begin with.

Just what is being ramped up again as commodities sans oil roll over? Hard to say equities with no economic recovery in sight still.
No certainty on tomorrow's jobs number even.

We're 4 years into this thing and we still have no clarity on the job market yet? we're down 30 million in working population...we should at least be generating some clarity beyond "we think it's bottomed."

Thu, 04/03/2014 - 14:23 | 4621961 The Most Intere...
The Most Interesting Frog in the World's picture

Roger!  Bitcoin ditto!  I can definetly tell from this pattern of rapid decline....that we are going higher from here...  Over and out kd!

Thu, 04/03/2014 - 14:32 | 4621969 Palladin
Palladin's picture

 

Somebody has to own all of the stocks all of the time. No exceptions.

If someones is accumulating bio-tech stocks, then someone else is un-accumulating bio-tech stocks.

Thu, 04/03/2014 - 14:41 | 4622057 Danno Anderson
Danno Anderson's picture
What Janet Yellen really said. Mostly it was blah, blah, BS. The same as most politicians.http://www.federalreserve.gov/newsevents/speech/yellen20140331a.htm 
----- 
Janet Yellen's lies 

1. " Although we work through financial markets, our goal is to help Main 
Street, not Wall Street." 

2. " We are trying to make it cheaper for businesses to build, expand, 
and hire." 
" Nationwide, and in Chicago, the economy and the labor market have 
strengthened considerably from the depths of the Great Recession." 

Yes Ms. Yellen, we know all about all the minimum wage, part time jobs 
you and your boss have helped create. Especially by enacting 
Obamacare. 
---------------- 
Ms. Yellen's speech had one sentence about QE and tapering. 

" In this context, recent steps by the Fed to reduce the rate of new securities purchases are not a lessening of this commitment, only a judgment that recent progress in the labor market means our aid for the recovery need not grow as quickly. " 


Thu, 04/03/2014 - 14:51 | 4622104 Spungo
Spungo's picture

This upsets me. I don't want to live in a world where stocks have PE ratios less than 100

Thu, 04/03/2014 - 14:54 | 4622112 Al Huxley
Al Huxley's picture

I'll say it again - Yellen's been tagged as the bag lady for this giant sack of shit, and she probably doesn't even know it.  By the time this all finishes falling apart she won't be able to stand at a podium without being pelted with rotten fruit and booed off the stage.

Thu, 04/03/2014 - 15:43 | 4622337 Problem Is
Problem Is's picture

I'll be personally yelling "You senile Greenspan sack of corrupt bankster bitch Bernanke shit" while pelting her with rotten fruit so she at least knows the historical trend of her present pelting...

Thu, 04/03/2014 - 15:10 | 4622185 moneybots
moneybots's picture

"Although we work through financial markets, our goal is to help Main 
Street, not Wall Street."

 

Pinochio's nose.

Thu, 04/03/2014 - 15:39 | 4622315 SheepDog-One
SheepDog-One's picture

I think they've reached the point where they can't shove any amount of money in and make much difference.

Thu, 04/03/2014 - 15:53 | 4622380 Headbanger
Headbanger's picture

Wow... That's got to be the most profound fucking post of the universe.

But don't let it go to your head.

Thu, 04/03/2014 - 15:55 | 4622392 samsara
samsara's picture

10 points to ZH for the Rocky Horror reference....

 

Thu, 04/03/2014 - 17:27 | 4622681 Rising Sun
Rising Sun's picture

Janet took her finger off the button.

 

She was too busy making out with Blythe Masters.

 

Fucking sluts!!!!

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