US Open Sparks Sudden Serious Stock Sell-Off

Tyler Durden's picture

Another day, another pre-market pump and post-open dump... it seems a missed jobs number and a determined Fed is not a recipe to maintaining all-time record highs and hyper-growth expectations...



Seems like the USDJPY carry traders were on to something...


Charts: Bloomberg

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wallstreetaposteriori's picture

Plunge Nasdaq... plunge... once King TSLA falls the market will crumble.  I love that everyone is walking around delusional. Makes it so much better looking from the outstide.

zerozulu's picture

Maybe today is the day.





I start my day with this feel, everyday.

derek_vineyard's picture

that was a serious selloff. 

eclectic syncretist's picture

The bot operators are busy worrying about whether or not they should be covering their tracks or getting out of town right about now.

takeaction's picture

Tylers...You need to lighten up on the headlines.  Really?  "Plunge"  Are you fucking kidding me...a few points is a plunge...come on.  I come here for the truth and accurate stories...Please do not enhance these titles to ridiculous levels of SCREAMING...whne it is nothing.  Thanks.


Max Damage's picture

BTD mother fuckers, and you just know they will!!!

fonzannoon's picture

we really need to define "serious". I vote "serious" is 100 points off the S&P

Cursive's picture


It doesn't get serious for me until we see a 12 handle on the SPX.

spastic_colon's picture

same thought....that's where I see any real "fair" value for the near bottom of the capital structure

Cursive's picture

Anything in the range of 1299.99 to 1200.00 SPX.  It's a colloquialism/slang.  Nice avatar.  

disabledvet's picture

three standard deviations i believe.

Dr. Engali's picture

Meh.... Gap fill

Ignatius's picture

I'm OK with another Great War to get us up and out of this mess, but we need to talk with more specificity about how we're gonna share out the loot.

soopy's picture

Hahahahaha... 'serious'. Serious?

medium giraffe's picture

Aw FFS, we were SO CLOSE, I really thought we'd nudge 1900.  Now I'm gonna have to wait until 3pm.

Ness.'s picture

The lows are in.  ZH assures it now.  BTFD and enjoy your weekend.

PlusTic's picture clockwork

Ness.'s picture

It's been happening for months.  Whenever ZH posts a bearish intraday stock market "update", stocks retrace almost immediately.  I'm not suggesting any causation/correlation thingy - just pointing out facts.  spoos up 6 points since this post hit, Nasdaq now green and dow 50 pts higher.  Weird to say the least. 

HRamos_3's picture

And ZeroHedge's "All hell broke loose" post marks the bottom again. Thanks Tyler!

Doubleguns's picture

Maybe the PPT gets thier cue from watching ZH. Ah shit gotta get to work boys ZH outed the market again!!!!

PartysOver's picture

might want to do a rethink on that.  I did.

thismarketisrigged's picture

and wouldnt u know it, the nasdaq has recovered its losses, fuckbook is positive now, cant make this shit up if u tried

FieldingMellish's picture

Can't call a trend on a few minutes of trading. Daily, weekly, monthly trend for stawks remains up.

Kaiser Sousa's picture

how much anybody wanna bet that the phony paper price of Gold hovers right at 1299. all day long avoiding the magic 1300. that the bankers been defending??????????

fucking joke.

Al Huxley's picture

No, it will be beaten back down under 1290 by the end of the day.  The little spike in the morning was just the pavlovian signal to suck in all the papergoldbugs to put in market orders pre-open and guarantee that they pay max price for their paper collection.

IridiumRebel's picture

I hate it when you are right....which is A LOT.


Kaiser Sousa's picture

fucking MoneyChangers never give up do they...nah, Gold aint money right Bonehead Ben.....?


Pakistan has refused to sell gold worth $2.7 billion, citing national security reasons, as the International Monetary Fund (IMF) pushes Islamabad to convert the precious metal into cash to build foreign currency reserves, revealed the global lender’s report on Friday.

The report, prepared by IMF’s staff led by its Washington-based Mission Chief to Islamabad Jeffrey Franks, also spills the beans on the ‘$1.5 billion gift’ to Pakistan by ‘Saudi Arabia’ – the name Prime Minister Nawaz Sharif’s government has so far refused to officially share with parliament.

According to the report, the State Bank of Pakistan (SBP) holds over 2 million troy ounces of monetary gold, having $2.7 billion value at market rate. It is not counted in gross international reserves as it is not deemed to be liquid by the SBP, says the IMF.

The IMF and Pakistan authorities discussed what steps would be needed to make gold more liquid, the report adds. “However, the (Pakistani) authorities stressed that they have no plans to sell gold and preferred existing arrangements for gold holdings for national security reasons.”

The IMF is pushing Pakistan to sell gold holdings at a time when other countries are buying the commodity as a strategic reserve. The IMF had even sold its surplus gold to India a couple of years ago.

According to analysts, one reason behind the IMF’s insistence could be the country’s inability to build official foreign currency reserves despite being in the $6.7 billion IMF arrangement.

While the IMF hinted in its report that the SBP was not aggressive in building foreign currency reserves, it disclosed that Pakistan’s central bank continued its efforts to build reserves by purchasing dollars from the market.

The SBP purchased $575 million in the last few months till March 17, the report states. The SBP purchases may help stabilise the foreign currency reserves but is considered one of the reasons behind depreciation of the local currency against the US dollar. The rupee started appreciating only after the $1.5 billion grant from Saudi Arabia."

robertocarlos's picture

Why is the IMF always so determined to have the gold when it is valued at chump change?

Why does Pakistan want to hang onto something worth chump change?

Al Huxley's picture

It's not that they're out to hurt anybody in particular, just that they're a bunch of lying, cock-sucking, filthy courtiers grovelling at the feet of a small cabal of super-rich, inbred trolls who enjoy stealing indiscriminately.

Hindenburg...Oh Man's picture

BTFD (I hope that you did!). 

HRamos_3's picture

A downside! Quick, post something!

robertocarlos's picture

Tiger isn't playing so ticket sales are down. This further slows the money flow.

Itch's picture

The money spigot, drink if you can. 

matrix2012's picture

WARNING! Don't mess up with those HFT operations... or the stawks will plunge!!!

A clear weekend message to all concern

Battleaxe's picture

PPT: Scotty, full warp speed! Give us all she's got!

HRamos_3's picture


A_Nejad's picture

DUDE!! You are panicking!! Breath!!

HRamos_3's picture


1,884.99 -3.78 (-0.20%)


HRamos_3's picture

Phew! That was close!


Thanks again Tyler.

css1971's picture