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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Thu, 04/10/2014 - 15:12 | 4644422 WTF_247
WTF_247's picture

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

Thu, 04/10/2014 - 15:12 | 4644427 Dr. Richard Head
Dr. Richard Head's picture

I prefer a Moscow Mule in a copper pot myself. 

Thu, 04/10/2014 - 15:13 | 4644432 fonzannoon
Thu, 04/10/2014 - 15:14 | 4644439 Pladizow
Pladizow's picture

Dont go chasin' waterfalls?

Thu, 04/10/2014 - 15:16 | 4644449 McMolotov
McMolotov's picture

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

Thu, 04/10/2014 - 15:17 | 4644460 Say What Again
Say What Again's picture

I say again.  1823.50 on the ES.  Watch it

Thu, 04/10/2014 - 15:21 | 4644491 NoDebt
NoDebt's picture

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

Thu, 04/10/2014 - 15:27 | 4644527 john39
john39's picture

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

Thu, 04/10/2014 - 15:30 | 4644537 NoDebt
NoDebt's picture

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

Thu, 04/10/2014 - 15:32 | 4644551 insanelysane
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.

Thu, 04/10/2014 - 15:39 | 4644571 Thought Processor
Thought Processor's picture



I think the Nikkei barfs up a lung tonight.  


Japan will lead us all through the gates of hell.

Thu, 04/10/2014 - 17:52 | 4645094 Pareto
Pareto's picture


Thu, 04/10/2014 - 15:39 | 4644575 asteroids
asteroids's picture

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

Thu, 04/10/2014 - 15:43 | 4644577 flacon
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.

Thu, 04/10/2014 - 15:48 | 4644599 new game
new game's picture

money flowing direct to treasuries today...

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

Thu, 04/10/2014 - 15:52 | 4644612 flacon
flacon's picture


Thu, 04/10/2014 - 15:22 | 4644494 CrashisOptimistic
CrashisOptimistic's picture

God DAMN!  Look at all that red!

That's a beautiful thing, right there.

Thu, 04/10/2014 - 15:20 | 4644488 Emergency Ward
Emergency Ward's picture

raindrops keep fallin' on my head...

Thu, 04/10/2014 - 15:21 | 4644496 NoDebt
NoDebt's picture

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

Thu, 04/10/2014 - 15:19 | 4644474 ebworthen
ebworthen's picture

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

Thu, 04/10/2014 - 15:20 | 4644482 McMolotov
McMolotov's picture

"Hold me closer, Tony Danza."

Thu, 04/10/2014 - 15:21 | 4644492 fonzannoon
fonzannoon's picture

count the head lice, on the highway...

Thu, 04/10/2014 - 15:23 | 4644505 NoDebt
NoDebt's picture

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

Thu, 04/10/2014 - 15:23 | 4644507 Say What Again
Say What Again's picture

You guys are getting all giddy and shit.

Thu, 04/10/2014 - 15:28 | 4644534 NoDebt
NoDebt's picture

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

Thu, 04/10/2014 - 15:31 | 4644544 fonzannoon
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.

Thu, 04/10/2014 - 15:39 | 4644572 hobopants
hobopants's picture

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

Thu, 04/10/2014 - 15:39 | 4644574 NoDebt
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.

Thu, 04/10/2014 - 15:55 | 4644620 Say What Again
Say What Again's picture

where will you be

Thu, 04/10/2014 - 16:06 | 4644661 NoDebt
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.

Thu, 04/10/2014 - 15:48 | 4644600 pods
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.


Thu, 04/10/2014 - 15:57 | 4644627 fonzannoon
fonzannoon's picture

Those taco bell commercials are just a psyop!


Thu, 04/10/2014 - 15:27 | 4644531 ebworthen
ebworthen's picture

lay me down in sheep skin livin'...

Thu, 04/10/2014 - 15:15 | 4644443 Rick Blaine
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.

Thu, 04/10/2014 - 15:19 | 4644469 Thought Processor
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.

Thu, 04/10/2014 - 15:24 | 4644512 Say What Again
Say What Again's picture

When Black Friday comes...

Thu, 04/10/2014 - 15:55 | 4644622 new game
new game's picture

be interesting.

Thu, 04/10/2014 - 16:00 | 4644637 Mr Pink
Mr Pink's picture

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

Thu, 04/10/2014 - 15:22 | 4644487 hobopants
hobopants's picture

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

Thu, 04/10/2014 - 15:28 | 4644509 Beam Me Up Scotty
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!!

Thu, 04/10/2014 - 15:33 | 4644553 Oldwood
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.

Thu, 04/10/2014 - 15:38 | 4644567 new game
new game's picture

the door aint getting wider...

Thu, 04/10/2014 - 15:51 | 4644611 Beam Me Up Scotty
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.

Thu, 04/10/2014 - 16:16 | 4644529 Thought Processor
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?  



Thu, 04/10/2014 - 15:24 | 4644508 holgerdanske
holgerdanske's picture

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

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


Got gold?

Thu, 04/10/2014 - 16:37 | 4644803 Wahooo
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?

Thu, 04/10/2014 - 15:21 | 4644490 holgerdanske
holgerdanske's picture

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

Thu, 04/10/2014 - 15:12 | 4644424 JailBank
JailBank's picture

See there is nothing wrong with HFT trading.

Thu, 04/10/2014 - 15:13 | 4644429 curbyourrisk
curbyourrisk's picture

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

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