S&P Plunges Back To Negative Year-To-Date

Tyler Durden's picture

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"

Comment viewing options

Select your preferred way to display the comments and click "Save settings" to activate your changes.
joego1's picture

Just in time to pay taxes!

greyghost's picture

so who started to dump at 12 noon...stocks...metals all take a hit??

Say What Again's picture

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 Again's picture

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?

Two-bits's picture

not if BATS declares self-help after you hit the confirm order button.

Pairadimes's picture

Not me. I've been completely out of this mess since mid-March. Tick tock.

slaughterer's picture

Buy the Morgue for non-Gaap tomfoolery tomorrow.  

Two-bits's picture

BATS declares self-help in 3,2, 1...

medium giraffe's picture

Oh the Huge Manatee!

Cursive's picture

Today:  Negative YTD

Tomorrow:  ATH

Day after tomorrow:  Negative YTD

rinse -- repeat -->

Cursive's picture


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."

maskone909's picture

sum ting wong with the nasdaq

ruh roh

CrashisOptimistic's picture

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.

NOTaREALmerican's picture

Is this really how it works for most deals?  

maskone909's picture

so whats qe at now?  60 billion permonth?  whats the treasuries vs MBS?  because clearly the must buy more shit.

Two-bits's picture

I heard Chineese corporate bonds look good right now.

Say What Again's picture

The Russian Gas sounds good too.

Two-bits's picture

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.

stormsailor's picture

better jump on that shit, before it liquifies into diarrhea

El Hosel's picture

Bio Tech index trading at 2000 times earnings... Wut Bubble?

slightlyskeptical's picture

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.

Yen Cross's picture

     Paging Belgium...Would Belgium please contact the Fed. discount window.

Kaiser Sousa's picture

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?



walküre's picture

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.

fonzannoon's picture

At least todays action proves gold miners can be pieces of shit in any market

Winston Churchill's picture

Too much politcal risk. Miners are dead.

walküre's picture

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.

slightlyskeptical's picture

Freshly long miners. We will see how it goes.

youngman's picture

I paid a lot less in taxes this year than last....sorry Obama...

HRamos_3's picture

Yeah, just short now and you'll profit like hell! I promise!

Seriously, this time is different.


slaughterer's picture

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.

disabledvet's picture

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."

buzzsaw99's picture

plunges, love it!

DavidC's picture

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.


buzzsaw99's picture

lovin' the daily zh hyperbole. i assumed people would know that's what i meant.

walküre's picture

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.

DavidC's picture

Ah, sorry buzzsaw, missed your humour on that one!


Caracalla's picture

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.

dobermangang's picture

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.

slightlyskeptical's picture

Damn! I knew Gartman was right!

slaughterer's picture

Gartman is ALWAYS right, just the opposite of right, which is the same thing., sort of.  

HRamos_3's picture

I like my 1850, can i keep my 1850?

Are we printing straight to stocks already?

slightlyskeptical's picture

I'm pretty sure Kevin is warming up his terminal as we speak.

disabledvet's picture

"President will finally say something."

"President will blah-blee-blah."

scubapro's picture

RELEASE THE POMO!    today and tomorrow are above avg pomo days fyi