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S&P Plunges Back To Negative Year-To-Date
It appears yesterday's "Fed Cat Bounce" was exactly that. While the momos are making headlines, selling pressure is broad-based now and the S&P has just joined the Russell, Nasdaq, and Dow in the red year-to-date... "Growth" stocks are at the lows of the year relative to "Value"
click image for huge legible version...
With "Growth" at its lows for the year versus "Value"
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Just in time to pay taxes!
so who started to dump at 12 noon...stocks...metals all take a hit??
Can you please show us that Bloomberg chart for the Most-Shorted relative to the index.
p.s. The answer to your question regarding the dump at noon is that is shortly after the European close.
"SAY WHAT"....thanks
I was thinking about placing a few orders to sell on BATS. Do you think anyone will see my order before it hits the SIP?
not if BATS declares self-help after you hit the confirm order button.
Not me. I've been completely out of this mess since mid-March. Tick tock.
Buy the Morgue for non-Gaap tomfoolery tomorrow.
BATS declares self-help in 3,2, 1...
No jail for Cohen:
http://money.cnn.com/2014/04/10/investing/cohen-sac-capital-point72/
only a fine. Shocker.
Just us served.
Oh the Huge Manatee!
Today: Negative YTD
Tomorrow: ATH
Day after tomorrow: Negative YTD
rinse -- repeat -->
BTF Doh!!!!!!
@fonz
Bro, I'm not gonna pull a EKM and name the day and time, but this year feels like it being primed for a waterfall in the "Markets."
watch 2.6% on the 10yr.
Interesting read btw
http://finance.yahoo.com/news/energy-firms-fed-hands-off-195933472.html
sum ting wong with the nasdaq
ruh roh
The dirty little secret about oil prices is that NYMEX and trading in general doesn't mean much.
A refinery asking for a shipment of Bonny Light from Nigeria doesn't even look at NYMEX pricing. He talks to Nigeria and competes with other refineries on the conference call. They bid, Nigeria offers. They do a deal.
Then NYMEX hears about it and adjusts prices.
Is this really how it works for most deals?
so whats qe at now? 60 billion permonth? whats the treasuries vs MBS? because clearly the must buy more shit.
I heard Chineese corporate bonds look good right now.
The Russian Gas sounds good too.
Only if you are paying in yuan.
edit: It seems that Greek and Irish bonds are back on the menu as well. Better jump on that shit while you can.
better jump on that shit, before it liquifies into diarrhea
Bio Tech index trading at 2000 times earnings... Wut Bubble?
It's just about a zero sum game at this point. What is good for one biotech usually hurts another. With healthcare monies harder and harder to come by, it is hard to see how as a group their revenues can explode to the upside.
Paging Belgium...Would Belgium please contact the Fed. discount window.
here comes the phony paper price attacks on both forms of real money...
cant have Silver and Gold rising and maintaining when the Fraud Markets r crumbling...can they?
http://www.silverseek.com/
http://www.kitco.com/charts/livesilver.html
My ultimate personal contrarian indicator told me in a convo yesterday that he thinks the S&P will be at 2150 this time next year. The guy is 100% muppet all of the time. He was bearish during the run and has lost stupid amounts of money trying to be bullish now.
At least todays action proves gold miners can be pieces of shit in any market
Too much politcal risk. Miners are dead.
Only way to play miners is betting on takeovers. Not worth it unless you have an inside track. Some action at Semafo is possible. Smaller low cost producer with good properties still attractive priced for a big guy to come in. Followed the co. for a while over the years and made some gains before selling out in 2011. Missed the top. Haven't been in the space again since. I'd pick it up below 3 bucks.
Freshly long miners. We will see how it goes.
I paid a lot less in taxes this year than last....sorry Obama...
Yeah, just short now and you'll profit like hell! I promise!
Seriously, this time is different.
</sarc>
JPM saves the market with blow-out earning tomorrow morning. (Or at least they will appear to be blow out.) Jamie wants this in his legacy memoir: how my bank saved the ES Mini from sure self-destruction in April 2014.
I first read the missive "Fed Cat bounce" as "Fat Cat Bounce" actually.
Corrections are healthy sheeple but to say a full scale Russian invasion of the West isn't good for demand now and going forward "forever" is a tall order in my book.
The bulk of "unemployed Europe" needs a new place to populate and I can think of no better place than Ukraine. They might have to fight for that of course. "But then they might become the proud owner of a 100 thousand acres in Russia too."
I want to believe Putin knows what he's doing here...but right now he sure looks like the patsy to me with "Ukraine as the cheese."
plunges, love it!
A plunge might be Dow sub 16,000. This ain't a plunge, the Dow's only back where it was at this time yesterday.
DavidC
lovin' the daily zh hyperbole. i assumed people would know that's what i meant.
S&P is "climbing" like walking up a sand dune - for now. Two steps forward, one step back. When it turns, it will be like a guy running down the sand dune with leaps.
Ah, sorry buzzsaw, missed your humour on that one!
DavidC
Good time to BTFD. I bought the dip yesterday morning and am doubling up now. Plenty of money to be made with low risk. BTW, what's going on with the 10 year? Anyone know? Looks a little jumpy the past several days.
All I see on my screen is red, red and more red. I don't see anything worth buying either. Time to watch the Masters to see some greens.
Damn! I knew Gartman was right!
Gartman is ALWAYS right, just the opposite of right, which is the same thing., sort of.
Fireworks at the contempt hearing for lois lerner:
http://video.foxnews.com/v/2553193403001/house-committee-to-hold-contemp...
I like my 1850, can i keep my 1850?
Are we printing straight to stocks already?
I'm pretty sure Kevin is warming up his terminal as we speak.
"President will finally say something."
"President will blah-blee-blah."
RELEASE THE POMO! today and tomorrow are above avg pomo days fyi
Sh*t, can we just fast forward to 3:30pm ramp capital?
Can someone nudge PPT? Thank you
PPT:
This is no time to be having coffee breaks. Now, push the thing back to 1850.
Effin slobs.
I'll help in a sec, just warming up my good ol' HP.
Had forgot to change quality to draft, should start picking up speed now.
FFS, paper got stuck. Just unstuck it and change ink cartridges, should be gtg around 2:30.
Aside: Bitcoin also hit a new low YTD.
I sure hope the Fed ups the QE again soon. The ECB is finally considering QE!
The US has done enough to keep up the "market" appearances. Time for other Central Banks to get on board and keep these socalled "markets" afloat.
Alot of selling into Tax Day. Guess even the rich have to pay some taxes.
Doubtful.
Lol that's a good one!
Duplicate
J B T Mfing D.
J S T Mfing S.
This applies whether you are long or short. But not medium.
Time to bring out everyones' favorite sheepdog, Old Yellen, to get the flock pointed back into the right direction.