"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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fonzannoon's picture

Gartman chased yesterday.

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?

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.

Dr. Engali's picture

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

fonzannoon's picture

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

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?"

Hulk's picture

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

asteroids's picture

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

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.


idea_hamster's picture

Faces ripped?   Check.

Ballsacks kicked?   Check.

Fish boned?   Check.

Sheep fleeced?   Check.

Muppets fucked?   Check.

God’s work?  Done.



disabledvet's picture

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

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.

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.

BearOfNH's picture

The Perfect Storm. I wish.

Cdad's picture

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

The Axe's picture

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

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?

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% !!!

Bernoulli's picture

I think it's happening now.


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 :)

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.

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?

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.

doggis's picture







Winston Churchill's picture

Dollar losing ground as well.

I think the FedRes has lost control.

Obama_4_Dictator's picture

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

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.


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...