Massive Volume Just Slammed Stocks To The Downside As Biotechs Hit Bear Market

Tyler Durden's picture

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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WTF_247's picture

Where is the PPT?  At lunch?  Perhaps just finishing that last martini....

Dr. Richard Head's picture

I prefer a Moscow Mule in a copper pot myself. 

Pladizow's picture

Dont go chasin' waterfalls?

McMolotov's picture

Damn you straight to hell for getting that fucking song stuck in my head!!!

Say What Again's picture

I say again.  1823.50 on the ES.  Watch it

NoDebt's picture

And JPM chalks up another trading day without a loss as this happens.

john39's picture

time to bring back the deer...  that will probably turn things around.

NoDebt's picture

GOOD IDEA.  Tyler!  "The Deer", please.  And another round of drinks for everyone while you're up.

insanelysane's picture

Fortunately the HFts were able to front run this activity.  So they will have the 1576532 day of trading with no losses.

Thought Processor's picture



I think the Nikkei barfs up a lung tonight.  


Japan will lead us all through the gates of hell.

asteroids's picture

Could folks be selling to pay their tax bills and cover their margin calls?

flacon's picture

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.

new game's picture

money flowing direct to treasuries today...

nice to be in the money(flacon)-cudos.

CrashisOptimistic's picture

God DAMN!  Look at all that red!

That's a beautiful thing, right there.

Emergency Ward's picture

raindrops keep fallin' on my head...

NoDebt's picture

That doesn't mean MY eyes will soon bee turning red.

ebworthen's picture

I always thought it was "Don't go Jason Wonderful".

McMolotov's picture

"Hold me closer, Tony Danza."

fonzannoon's picture

count the head lice, on the highway...

NoDebt's picture

S'cuse me while I kiss this guy...

Say What Again's picture

You guys are getting all giddy and shit.

NoDebt's picture

We're 3 drinks into this at the local watering hole.  Where are you?  How fast can you get here?

fonzannoon's picture

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.

hobopants's picture

Well, I don't think I want this cheeseburger anymore...

NoDebt's picture

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.

NoDebt's picture

Buckley's Tavern.  Centerville, DE.

If I see a guy walking in who looks like Samuel L. Jackson, I'll know it's you.

pods's picture

He fonz, if you want to double up in agony, Taco Bell is serving breakfast.

Pssst, save the wetnap, you're gonna need it.


fonzannoon's picture

Those taco bell commercials are just a psyop!


ebworthen's picture

lay me down in sheep skin livin'...

Rick Blaine's picture

This is nothing.

If we start doing shit like -500 on the Dow in a single day, THAT's when the real fun starts.

Thought Processor's picture



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.

Mr Pink's picture

Damn it Say What you're not supposed to use REAL song lyrics!

hobopants's picture

Hey ive seen this episode before, it goes back in the green by tomorrow...rigged market is rigged.

Beam Me Up Scotty's picture

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!!

Oldwood's picture

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.

new game's picture

the door aint getting wider...

Beam Me Up Scotty's picture

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.

Thought Processor's picture


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?  



holgerdanske's picture

Not "if", "when", it's just a question of time.

Have patience. There'll be enough to go around.


Got gold?

Wahooo's picture

No kidding. The headline writers are grasping for straws with this biotech crap. Who in the hell cares about what biotechs do?

holgerdanske's picture

"I love the smell of napalm in the morning."

JailBank's picture

See there is nothing wrong with HFT trading.

curbyourrisk's picture

Weeeeeeeeeeeeeeeee!!!  (in a high pitched little girls voice)