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Massive Volume Just Slammed Stocks To The Downside As Biotechs Hit Bear Market
Someone was in a hurry - paging Waddell & Reed? The volume surge occurred right as VIX broke above 16 and the Biotech Index (-6.25% today) has hit bear market territory. The Nasdaq is getting slayed- down over 3% and all but Trannies are red YTD.
Charts: Bloomberg
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Where is the PPT? At lunch? Perhaps just finishing that last martini....
I prefer a Moscow Mule in a copper pot myself.
Where is Kevin!!!
https://www.youtube.com/watch?v=4DgbUBoxa48
Dont go chasin' waterfalls?
Damn you straight to hell for getting that fucking song stuck in my head!!!
I say again. 1823.50 on the ES. Watch it
And JPM chalks up another trading day without a loss as this happens.
time to bring back the deer... that will probably turn things around.
GOOD IDEA. Tyler! "The Deer", please. And another round of drinks for everyone while you're up.
Fortunately the HFts were able to front run this activity. So they will have the 1576532 day of trading with no losses.
I think the Nikkei barfs up a lung tonight.
Japan will lead us all through the gates of hell.
"Bunzai"
Could folks be selling to pay their tax bills and cover their margin calls?
MyAPR 19 186 SPY puts are up 200%! I bought them at 10:00am this morning. I cashed in half - letting the rest ride until tomorrow.
Is it something I said?
http://www.zerohedge.com/news/2014-04-09/house-panel-refers-irs-teaparty...
Or
http://www.zerohedge.com/news/2014-04-09/consumer-spending-recovery-stal...
Oooops...
money flowing direct to treasuries today...
nice to be in the money(flacon)-cudos.
Thanks.
God DAMN! Look at all that red!
That's a beautiful thing, right there.
raindrops keep fallin' on my head...
That doesn't mean MY eyes will soon bee turning red.
I always thought it was "Don't go Jason Wonderful".
"Hold me closer, Tony Danza."
count the head lice, on the highway...
S'cuse me while I kiss this guy...
You guys are getting all giddy and shit.
We're 3 drinks into this at the local watering hole. Where are you? How fast can you get here?
clearly the stock to own today is MCD because by tomorrow we will all be eating diabetes in a nasty wrapper served by some punk who just sneezed on it.
Well, I don't think I want this cheeseburger anymore...
I really am heading out of here in about 20 minutes to toss a few back. If you weren't stuck a million miles away on that Island Of Misfit Toys, I'd invite you along.
where will you be
Buckley's Tavern. Centerville, DE.
If I see a guy walking in who looks like Samuel L. Jackson, I'll know it's you.
He fonz, if you want to double up in agony, Taco Bell is serving breakfast.
Pssst, save the wetnap, you're gonna need it.
pods
Those taco bell commercials are just a psyop!
:)
lay me down in sheep skin livin'...
This is nothing.
If we start doing shit like -500 on the Dow in a single day, THAT's when the real fun starts.
That'll be tommorrow.
Have the feeling that the rug has just been pulled out and we are still levitating in the air now, but with a slight downside bias.
Fasten seatbelts.
When Black Friday comes...
be interesting.
Damn it Say What you're not supposed to use REAL song lyrics!
Hey ive seen this episode before, it goes back in the green by tomorrow...rigged market is rigged.
Exactly. When the S&P is 666 again, then I will believe they have lost control. This shit has happened every April/May for the last few years, and I have thought, here we go! And then the shorts get their faces ripped off. Again!
All the Fed mouthpeices need to do is throw out a few soothing words, and its up, UP and AWAY!!
That would seem the obvious play, but still...I wonder. None of these fuckers are trustworthy and each and every one of them knows they could get a knife in the back at any moment, so you have to think they are ALL watching the door over their shoulder, readying themselves to make a run for it. That's the problem with corruption, the fuckers just can't help themselves. They eventually will always fuck each other over, and they know it. How many times do we need to watch the Godfather? Kind of like marrying someone who was cheating on their previous spouse with you. You know they are always watching for an opportunity.
the door aint getting wider...
I hear ya Oldwood. And we won't know if this is really IT until IT is in the rearview mirror. I got my face ripped off a few times, and I have given up trying. Instead of losing money in the casino, I figure its a better investment buying some nice wine and steaks. Nothing like a good New York strip cooked on charcoal and a glass of good red wine to go with it. They just aren't going to let me get rich at the casino, so I quit going.
Watch the buy programs right about now- up into the close. Then things get interesting over night as it becomes obvious that Russia is getting ready for something larger in 'scope'.
edit: What no EOD ramp?
Not "if", "when", it's just a question of time.
Have patience. There'll be enough to go around.
Got gold?
No kidding. The headline writers are grasping for straws with this biotech crap. Who in the hell cares about what biotechs do?
"I love the smell of napalm in the morning."
See there is nothing wrong with HFT trading.
Weeeeeeeeeeeeeeeee!!! (in a high pitched little girls voice)
a bear for spx starts at 1520. only 310 more points to go.
I will pop a wood when the DOW hits 10,000 from todays level. Otherwise tomorrow we will be at record highs once again.
If it gets to that point, that's when the fools on CNBC will be finally turning bearish and telling everyone to run for the hils, that's when you go long...
CNBS will NEVER turn bearish. The lower the market goes, the better the buying opportunity. They will just get more bullish the further the market falls. At least, that will be the propaganda.
I KNEW there was some fishy shit going down in the market every time the S&P hit 1840!
The minute it broke it Biotechs went into a bear market.
Must be machine-driven selling due to margin calls!
TGI*N*F
I find it extremely odd that FX is virtually frozen!
USD/CAD is moving a bit...but yeah...it looks rather subdued as Draghi would say.
I like the CAD during times like this...it can go to shit in an instant and I am not paying a shitload or role if it turns into a longer term trade.
I keep thinking about that ALLY IPO. What a Schleprock move that was.
Wouziewouziewoowoo.
You can say that again. 6E like a ghost town with tumbleweeds blowing by.
Where's that picture of all the sheep trying to exit the paddock at once?
It should not be too much longer before others see that this decline began about 48 hours after word came out that Michael Lewis is a fucking hero and the SEC and FBI are going to investigate HFT.
The whole thing has been Fed funded HFT engines. There IS no market.
Now, as soon as this is realized, the investigation will be smashed and Michael Lewis will become a God Damned Terrist and be thrown in jail.
That's the new normal.
That's nuts. I like it.
I just started doing some symbolic trades in yuan.
Someone needs to jawbone.
Thats ok. The FED will come in and pump up the market right before the close. We will end at record highs! Reverse physcology.
https://www.youtube.com/watch?v=hxRoXuPjAKc
I'm surprised the fucking clowns haven't already thrown the breakers and threatened sellers with jail time.
At what point should we be hearing "Please....Buy The Fucking Dip"?
I'll bet the HFT'ers do OK today, can't have another loss day.
Rothschild say; are you ready to ruble?
thats not massive, just a massive exaggeration
It's a champagne supernova in the sky
Kreeeemer youu toold mee to hooold youu soon of aaa biitch!
I wasnt listening of course , you fucktard!
Gartman told you to sell.
But... but... I was told there would be a bounce!
watching overleveraged idiots jump from their office windows on my street
sweet
JUMMPPPP!!!!!!!!!!!!!!!!!!!!
everytime zerohedge says the market is getting crushed it rallies back.. zip it until after the close.
Every time ifish opens his mouth I come
you havent come since the last time you fucked your mother in her ass.
that's a real Costanza comeback right there.
https://www.youtube.com/watch?v=skhU2FF6uEM
I care not what the politics of a country is if I control it's currency
or algos''''
Janet? Wherefore art thou Janet?
Tesla and Chipotle must be saved!
All hands on deck! Plunge Protection Teams to the toilet bowls!
Somebody took a huge dump and clogged things up! Is it imminent bank earnings or China not easing!?!?
my bets on china and conflict in U getting some playesr unnerved, not to mention insane valuations.
phsycological shift underway. fear habors itself in actions...
Margin party of 5 your table is ready! Margin party of 5 your table is ready!
hahaha..
Tyler, looks like you owe Gartmann an apology, he was just a couple days early this time
Everyone loves a bargain.
Quick to the bond mobile!!!
Please folks......all this means is Goldman and JPM went short before talking the market down. and scaring the bejesus out of everyone with all that HFT banning crapola. They're toasting big time in the Hampton's tonight. Those trophy wives will be hitting the spas and spending the loot tomorrow. Consumer spending will be through the roof next week as a handful of folks "spread the ill gotten booty."
So when do you think it will happen?
god this is fun. too bad it won't last
Re: Massive Volume Just Slammed Stocks To The Downside As Biotechs Hit Bear Market
I got seasick just reading this. I bet the World's Most Interesting Man wouldn't be phased tho.
I don't always go long, but when I do, I go long biotechs.
Can't wait until Cat and IBM miss by a mile...again, look how they have gone since the last earnings
We have to wait. We're not on the insider list.
Probally the most important headline today and gone totally unmentioned
NATIONAL FRONT LEADS EUROPEAN ELECTION POLL IN FRANCE ON 24%
We're in the 3:30 RAMP...
Could it be a Reverse Ramp now that all the sheeple are in?
HFT says BTFD!!!!!! and the stick save is complete...
-1.4% on Dow
-3.0% on Nasdaq
Not even that interesting yet. An 800 point loss would be interesting. What makes me nervous is people aren't spending money now. April is off to a very slow start. Must be the nice weather /sarc. I'm trying to get ahead by watching inventory purchases because when things go it will be rough.
Looks like Kevin Henry is definitely back in the building now at the NY fed! Better take these last 10 minutes to BTFD for tomorrow's rally. Also, I would short TLT this afternoon; it's gone up too far too fast.
My god. It's sunny, warm and perfect outside. Hit the fucking buy button already. Recovery summer is here!
Those CNBC scum are indeed blaming Michael Lewis for this fall
True story... not 5 minutes ago, I had an "Edward Jones" rep going door to door in my area "introducing himself" and asking if there was anything he could do to be of service. I live on five acres and always need odd jobs done, so...
I asked him if he wanted to paint my house. He looked at me funny.
I said "never say never, pal... did you see the VIX today?"
the shit is gettin' out of control.
Just talked yesterday with a guy who was heavily invested in biotech stocks. Bragging about how much money he made in the market. Of course, he told me that investing in gold and silver was even worse than keeping money in the bank.