"Growth" Stocks Slammed - Lose All FOMC Minutes Exuberance

Tyler Durden's picture


Well that didn't take long. At yesterday's close, every talking head was proclaiming the growth sell off over and "see" the Fed is as easy as we said... however, this morning (after dismal data out of Japan and China) US equities have been a one-way street lower. If the world is relying on a post-cold-weather rebounding US economy to be the engine of growth... is it any wonder they are selling "growth" and buying bonds... Only the Dow is holding post-FOMC-Minutes gains and Momos and Biotechs are being monkey-hammered...



and Momos are getting smashed...


and remain notably lower from the actual FOMC date...

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Thu, 04/10/2014 - 10:59 | 4643186 fonzannoon
fonzannoon's picture

Gartman chased yesterday.

Thu, 04/10/2014 - 11:01 | 4643194 Dr. Engali
Dr. Engali's picture

I'm out of stocks, I'm in stocks, I'm out of stocks, I'm in stocks, Im in stocks..... Oh wait, where was I?

Thu, 04/10/2014 - 11:04 | 4643212 fonzannoon
fonzannoon's picture

I stand in awe doc. You made this happen. You let me sit out in the sunshine for 5 and a half months and before I even noticed the clouds on the horizon you brought the thunder. I'd rather you just smashed me to pieces from the beginning. I did not know you had such a ruthless side to you.

Thu, 04/10/2014 - 11:11 | 4643263 Dr. Engali
Dr. Engali's picture

It isn't over yet. Luck and silence is my friend.

Thu, 04/10/2014 - 11:14 | 4643282 fonzannoon
fonzannoon's picture

I will probably shoot myself in the foot with a nail gun this weekend just to tie a bow on this.

Thu, 04/10/2014 - 11:29 | 4643374 disabledvet
disabledvet's picture

make sure you test fire it on your neighbor's asshole dog first. unfortunately for me mine knows i'm a terminator and only barks at me and no one else when i go out to appear like a normal humanoid thingy. (mowing lawn, etc) The female ownere is quite apologetic...but gets confused when all i say is "are you Sarah Conner?"

Thu, 04/10/2014 - 11:59 | 4643579 Hulk
Hulk's picture

aim for the soft spots fonz, nail through bone hurts like hell...

Thu, 04/10/2014 - 11:31 | 4643399 asteroids
asteroids's picture

Low volume, no panic. Nice gentle glide.  Hell, even selloffs aren't to be trusted.

Thu, 04/10/2014 - 11:40 | 4643458 eclectic syncretist
eclectic syncretist's picture

What the fuck Yellen??!!! Up Down, Up Down, Up Down.  It's like you're the markets drill instructor or something.


Thu, 04/10/2014 - 11:01 | 4643195 idea_hamster
idea_hamster's picture

Faces ripped?   Check.

Ballsacks kicked?   Check.

Fish boned?   Check.

Sheep fleeced?   Check.

Muppets fucked?   Check.

God’s work?  Done.



Thu, 04/10/2014 - 11:30 | 4643395 disabledvet
disabledvet's picture

make sure you have the right God. "War with Russia" wasn't a good time for Church Lady.

Thu, 04/10/2014 - 11:14 | 4643276 BandGap
BandGap's picture

Those pompous assholes on CNBC were just singing away yesterday "Happy Days Are Here Again". 

I'd like to bitch slap that Australian (?) woman for just being a fucking stupid schill. Then I'd like to punt Liesman's nuts with a pair of steel toed shoes.

Theatre of the absurd. still playing to the masses.

Thu, 04/10/2014 - 11:28 | 4643377 spekulatn
spekulatn's picture

Well said.

Thu, 04/10/2014 - 11:01 | 4643193 SheepDog-One
SheepDog-One's picture

Reminds me of that George Clooney movie where he's out sword fishing.....riding up and down increasingly bigger waves until they capsize and sink.

Thu, 04/10/2014 - 11:19 | 4643309 BearOfNH
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The Perfect Storm. I wish.

Thu, 04/10/2014 - 11:01 | 4643198 Cdad
Cdad's picture

But...but...the news pixies on The BlowHorn [CNBC] said....

Thu, 04/10/2014 - 11:02 | 4643203 The Axe
The Axe's picture

No volume on sell off---usually down slams like this have much more volume...strange

Thu, 04/10/2014 - 11:03 | 4643209 syntaxterror
syntaxterror's picture

Selling stawks and buying bonds? I'm guessing nobody buys bonds for yield any more, right? Bond prices will skyrocket as yields go from 0.5% to 0.49%, right?

Thu, 04/10/2014 - 11:19 | 4643313 Boston
Boston's picture

No, you should have (could have) bought 10yr T-notes when they yielded 3.0% just a few months ago. Today they yield 2.64%. 

ZH posted NUMEROUS pieces, many from McNeil Curry, promoting this trade....2-4 months ago.

Btw, the line in the sand for the 10yr could be 2.55%-2.60%. If yields go below this level, there's little support until yields fall well BELOW 2.0% !!!

Thu, 04/10/2014 - 11:08 | 4643243 Bernoulli
Bernoulli's picture

I think it's happening now.


Thu, 04/10/2014 - 11:18 | 4643294 new game
new game's picture

it is orderly-single file for now...

30 yr up .42% large move, 10 yr right behind and 5 back to 1.6

5:1 arm back near 3 :)

Thu, 04/10/2014 - 11:09 | 4643254 medium giraffe
medium giraffe's picture


Thu, 04/10/2014 - 11:11 | 4643258 Obama_4_Dictator
Obama_4_Dictator's picture

Can it be?! Is this going to happen?  Will the stocks finally collapse, along side american's waking up to the intrusive government and taking back this country?  Will we not allow another Waco to happen?  Is it all coming apart for the Feds?  Oh, sorry I have a good cup of coffee this morning.....nothing to see here.

Thu, 04/10/2014 - 11:11 | 4643259 The worst trader
The worst trader's picture

I'm sick of STAWKS! the word is stocks.It was funny 4 years ago, come up with something new?

Thu, 04/10/2014 - 11:11 | 4643266 A_Nejad
A_Nejad's picture

said it before. I am long anything named Neft or smell Natural gas. holding it till (at least) after this weekend.

Thu, 04/10/2014 - 11:15 | 4643288 doggis
doggis's picture







Thu, 04/10/2014 - 11:17 | 4643296 Winston Churchill
Winston Churchill's picture

Dollar losing ground as well.

I think the FedRes has lost control.

Thu, 04/10/2014 - 11:24 | 4643341 Obama_4_Dictator
Obama_4_Dictator's picture

Please, don't get me excited....if this happens today, I'll take the day off and rejoyce.

Thu, 04/10/2014 - 11:31 | 4643397 Hindenburg...Oh Man
Hindenburg...Oh Man's picture

If yesterday's and today's market action doesn't make you realize that the market is a complete shit show, I don't know what will. Seriously how can anyone be invested in stocks anymore? I know that I'm preaching to the choir, but how could anyone defend this market? It is so obvious now that the only thing worth having at this point is PMs, hard assets and cash.


Thu, 04/10/2014 - 11:52 | 4643532 Bernoulli
Bernoulli's picture

Agree for PMs and Hard assets. As for cash: CHF seems like an ok choice. But should my puts on MOMO's make me any money, I'll get some USD (provided the markets don't close). But I don't like USD. So I buy what currency exactly after the equities collapse? More Swiss Francs? Canadian Dollars? Aussie dollars? The sequence of the upcoming events is not so clear for me yet (AFTER the Indices collapse)... And a plan would be good...



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