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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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Fri, 04/04/2014 - 09:51 | 4624623 digitlman
digitlman's picture

SHIT SHOW

Fri, 04/04/2014 - 09:56 | 4624657 wallstreetapost...
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.

Fri, 04/04/2014 - 09:58 | 4624671 zerozulu
zerozulu's picture

Maybe today is the day.

 

 

 

 

I start my day with this feel, everyday.

Fri, 04/04/2014 - 10:09 | 4624703 derek_vineyard
derek_vineyard's picture

that was a serious selloff. 

Fri, 04/04/2014 - 10:09 | 4624705 eclectic syncretist
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.

Fri, 04/04/2014 - 11:54 | 4625050 takeaction
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.

 

Fri, 04/04/2014 - 09:51 | 4624625 JJSF
Fri, 04/04/2014 - 09:51 | 4624626 Max Damage
Max Damage's picture

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

Fri, 04/04/2014 - 09:51 | 4624627 fonzannoon
fonzannoon's picture

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

Fri, 04/04/2014 - 09:52 | 4624634 Max Damage
Max Damage's picture

1 weeks gain then

Fri, 04/04/2014 - 10:08 | 4624700 Cursive
Cursive's picture

@fonz

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

Fri, 04/04/2014 - 10:18 | 4624733 spastic_colon
spastic_colon's picture

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

Fri, 04/04/2014 - 11:17 | 4624923 bonderøven-farm ass
bonderøven-farm ass's picture

What's a '12 handle'....?

Fri, 04/04/2014 - 11:28 | 4624949 Cursive
Cursive's picture

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

Fri, 04/04/2014 - 11:42 | 4625007 disabledvet
disabledvet's picture

three standard deviations i believe.

Fri, 04/04/2014 - 09:53 | 4624638 Dr. Engali
Dr. Engali's picture

Meh.... Gap fill

Fri, 04/04/2014 - 09:57 | 4624645 Ignatius
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.

Fri, 04/04/2014 - 09:55 | 4624649 soopy
soopy's picture

Hahahahaha... 'serious'. Serious?

Fri, 04/04/2014 - 09:56 | 4624655 medium giraffe
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.

Fri, 04/04/2014 - 09:58 | 4624672 Ness.
Ness.'s picture

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

Fri, 04/04/2014 - 10:06 | 4624694 PlusTic
PlusTic's picture

every-fukking-time...like clockwork

Fri, 04/04/2014 - 10:11 | 4624710 Ness.
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. 

Fri, 04/04/2014 - 10:04 | 4624680 HRamos_3
HRamos_3's picture

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

Fri, 04/04/2014 - 10:08 | 4624702 Doubleguns
Doubleguns's picture

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

Fri, 04/04/2014 - 11:38 | 4624993 PartysOver
PartysOver's picture

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

Fri, 04/04/2014 - 10:05 | 4624693 thismarketisrigged
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

Fri, 04/04/2014 - 10:07 | 4624698 FieldingMellish
FieldingMellish's picture

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

Fri, 04/04/2014 - 10:09 | 4624704 Kaiser Sousa
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.

Fri, 04/04/2014 - 10:19 | 4624737 Al Huxley
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.

Fri, 04/04/2014 - 10:38 | 4624790 IridiumRebel
IridiumRebel's picture

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

 

Fri, 04/04/2014 - 10:22 | 4624741 Kaiser Sousa
Kaiser Sousa's picture

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

"ISLAMABAD: 

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."

http://tribune.com.pk/story/688588/turn-down-pakistan-refuses-to-sell-go...

Fri, 04/04/2014 - 10:36 | 4624783 robertocarlos
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?

Fri, 04/04/2014 - 10:42 | 4624802 Al Huxley
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.

Fri, 04/04/2014 - 10:11 | 4624709 Hindenburg...Oh Man
Hindenburg...Oh Man's picture

BTFD (I hope that you did!). 

Fri, 04/04/2014 - 10:22 | 4624742 HRamos_3
HRamos_3's picture

A downside! Quick, post something!

Fri, 04/04/2014 - 10:29 | 4624759 robertocarlos
robertocarlos's picture

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

Fri, 04/04/2014 - 10:35 | 4624775 Itch
Itch's picture

The money spigot, drink if you can. 

Fri, 04/04/2014 - 10:42 | 4624796 matrix2012
matrix2012's picture

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

A clear weekend message to all concern

Fri, 04/04/2014 - 10:46 | 4624816 The_Ungrateful_Yid
The_Ungrateful_Yid's picture

Holder wil save us!!

http://www.cnbc.com/id/101515474

Fri, 04/04/2014 - 10:45 | 4624811 Battleaxe
Battleaxe's picture

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

Fri, 04/04/2014 - 11:19 | 4624927 HRamos_3
HRamos_3's picture

DUDE! POST SOMETHING! MOTHER OF ALL CRASHES COMING or something along those lines! STAT!

Fri, 04/04/2014 - 11:22 | 4624936 A_Nejad
A_Nejad's picture

DUDE!! You are panicking!! Breath!!

Fri, 04/04/2014 - 11:25 | 4624942 HRamos_3
HRamos_3's picture

HOW CAN I? ARE U NOT SEEING THIS? 

1,884.99 -3.78 (-0.20%)

Mother of god! We're doomed! DOOOOOOOOOOOOOOOOOOOOOOOOOOOOOOOOOOOOOOOOOOOOOOMMMMMMMMED!

Fri, 04/04/2014 - 11:28 | 4624947 HRamos_3
HRamos_3's picture

Phew! That was close!

 

Thanks again Tyler.

Fri, 04/04/2014 - 11:50 | 4625034 css1971
css1971's picture

YELLLLEEEENNNNNN!!!!

FOR THE LOVE OF GOD ENNNNNDDDD THE TAAAAAPPPPEEERRRRR!!!!!!!!!!!

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