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Nasdaq Re-Loses 4,000

Tyler Durden's picture




 

Just a few short hours ago we were treated to a plethora of talking-heads proclaiming "see, this is it... the dip to be bought." But now, led by Biotechs as well as more 'growth' weakness, the Nasdaq has piled back below the critical 4000 level and broken to new cycle lows... we anxiously await the 330 Ramp to see just how much damage they can do (though stocks did catch perfectly down to USDJPY's early weakness)

New cycle lows for the Nasdaq

 

and violent catch-down for the S&P...

 

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Mon, 04/14/2014 - 15:28 | 4657845 Charles Wilson
Charles Wilson's picture

"See? If they'd just talen that Billion in Bribes to the Ukraine and invested that in Bribes to the Biggies on Wall Street, think of what a wonderful recovery we would have..."

 

Mon, 04/14/2014 - 15:51 | 4657947 max2205
max2205's picture

Nice ramp!

Mon, 04/14/2014 - 16:01 | 4657991 aVileRat
aVileRat's picture

Fair value of the NASAQ is 3500. If someone really wanted to be evil, a corporate raider should ask the very simple question: If every technoloy CEO was cooperating with the NSA, and the NSA was known to be using public backdoors like Heartbleed to monitor and pull data from their API's, could it be a fair assessment to say that Google, Yahoo and their ilk knowingly breached their customer care duty ? If this is true, can someone or group of people make a RICO case, similar to Bhopal ?

I wonder after how many dot com crashes will the SEC finally step in and regulate this sector. Perhaps place some governance standards on "clicks, eyeballs and contra-account revenue pools" in line with other industries such as the oil sectors SEC reserve bookings or financial tier-2 asset tests.

 

Mon, 04/14/2014 - 16:02 | 4657999 Alea Iactaest
Alea Iactaest's picture

tyler called today's bottom as well as any muppet master eva!

Mon, 04/14/2014 - 16:25 | 4658111 icanhasbailout
icanhasbailout's picture

No worries, Kevin Henry is on the job.

Mon, 04/14/2014 - 17:02 | 4658286 Doubleguns
Doubleguns's picture

Guess the PPT was listening in. They gave it the standard 3:30 stick save heave-ho to get the chart back up. 

Mon, 04/14/2014 - 15:30 | 4657857 spastic_colon
spastic_colon's picture

IBM........to........save.......the........day

 

:::: : : ::: ::

Mon, 04/14/2014 - 16:59 | 4658277 what's that smell
what's that smell's picture

if they can grow a vagina in a lab then DOW 50,000 is a sure thing.

http://www.theguardian.com/society/2014/apr/11/vagina-grown-lab-implant-...

Mon, 04/14/2014 - 17:02 | 4658289 Doubleguns
Doubleguns's picture

I think John Kerry is in line for one. 

Mon, 04/14/2014 - 15:31 | 4657862 db51
db51's picture

From the Archives:

 

Kevin Henry
FRB-NY
Daily Schedule

9:00am Arrive Office

9:15am Get iced latte mochiato and ET bagel

9:30am Read WSJ online, Business Insider, Market-watch and Zero Hedge.

10:30am Discuss with colleague how to mess with ZH'ers.

11:00am Watch porn on office computer.

12:00-1:30pm Lunch

1:30 Watch more porn

3:15 Prepare for daily 3:30pm ramp.

3:30pm Ramp market

4:15pm Go home

Mon, 04/14/2014 - 15:45 | 4657924 db51
db51's picture

That's what "From the Archives" means.   lmao

Mon, 04/14/2014 - 15:56 | 4657966 AlaricBalth
AlaricBalth's picture

Can't believe its been a year since posting that. Geez, I gotta get a life and get out if this basement.

Time to go...mom has lunch ready for me. Hot Pockets again.

All the best!!!

Mon, 04/14/2014 - 16:53 | 4658254 max2205
max2205's picture

5:30...shoot self in the head with 20 nail guns

Mon, 04/14/2014 - 18:48 | 4658589 db51
db51's picture

Somethings can stand the test of time.   lmao.  Hot Pockets?   Holy Shit...It's Ramen Noodles here.   

Mon, 04/14/2014 - 16:01 | 4657908 Ham-bone
Ham-bone's picture

Brownie, your doing a Helluva job...I mean Henry

particularly nice bounce off the 200dma (and I mean exactly on it) for the Russel 2k...first test since 2012 and you bought with flying colors!!!  It's time to BTFD with Kevin!!

Poor ZH - waiting and waiting for some sign of weakness....some sign of a "market"...just doesn't work like that no more.  Trees grow to the sky now (at least digitally)

Mon, 04/14/2014 - 15:32 | 4657864 McMolotov
Mon, 04/14/2014 - 15:32 | 4657865 PlusTic
PlusTic's picture

wake me up at 400 in the naz...that seems about fair-value!

Mon, 04/14/2014 - 15:32 | 4657867 Ness.
Ness.'s picture

Boom - must be 3:30.

Mon, 04/14/2014 - 15:33 | 4657869 Winston Churchill
Winston Churchill's picture

I guessing no ramp today.

The PPT got the dollar ramp they wanted, why risk losing it pumping stawks ?

In which case heavy selling into the close.

BTFD at your own risk.This is a new game.

Mon, 04/14/2014 - 15:39 | 4657899 Tenshin Headache
Tenshin Headache's picture

It's always a good time to buy stocks and real estate.

Mon, 04/14/2014 - 15:51 | 4657944 101 years and c...
101 years and counting's picture

is it illegal to front run the Fed?  ie, you  know stocks ramp everyday at 8:30AM and 3:30PM, can you front run by 2 minutes, wait for k-hen to buy and then dump to k-hen?  thats got to be good for at least 1% on every trade.....

can we get someone from the SEC to stop looking at porn for 5 seconds to get a ruling?

Mon, 04/14/2014 - 15:34 | 4657870 WhoIsJohnGaltCoin
WhoIsJohnGaltCoin's picture

Moar POMO for the MOMOs and Bartiromo so the bulls can torro !!

Mon, 04/14/2014 - 15:33 | 4657874 Dr. Engali
Dr. Engali's picture

The economy is sound an QE has nothing to do either the markets. I repeat the economy is sound and QE has nothing to with the markets.

Mon, 04/14/2014 - 16:07 | 4658028 SheepDog-One
SheepDog-One's picture

I remember way back in the olden days of 2010, we used to laugh at this kind of wild market manic depressive behavior in Greek markets.

Mon, 04/14/2014 - 15:33 | 4657877 Shleprock
Shleprock's picture

ramping now BTFD!!!!!

Mon, 04/14/2014 - 15:35 | 4657883 Comte d'herblay
Comte d'herblay's picture

J S T Mfing S!

Mon, 04/14/2014 - 15:39 | 4657897 Kreditanstalt
Kreditanstalt's picture

An almost DESPERATE (and artificial) defence of S&P's 1815-level SUCCEEDS!!!!

RAMP, RAMP and AAAWWWWWAAAAAYYYYYYY!!!!!!

Mon, 04/14/2014 - 15:39 | 4657901 Kaiser Sousa
Kaiser Sousa's picture

so once again in the last hour of trading in the Fraud Markets a miraculously v-shaped rally occurs moving all indexes off session lows...

http://www.marketwatch.com/investing/index/DJIA

and meanwhile after being pushed below a curiously resistant $20 level Silver trades below that phony paper price all fucking day....

http://www.silverseek.com/

yeah right...

Mon, 04/14/2014 - 15:40 | 4657905 GrinandBearit
GrinandBearit's picture

Classic ZH contrary post.

Mon, 04/14/2014 - 15:48 | 4657933 PlusTic
PlusTic's picture

the timing was uncanny...

Mon, 04/14/2014 - 16:00 | 4657980 ebworthen
ebworthen's picture

"...we anxiously await the 330 Ramp..."

Mon, 04/14/2014 - 15:45 | 4657923 SheepDog-One
SheepDog-One's picture

Don't BTFD, do as Clark Griswold did towards the end of Vegas Vacation...bet all your moneys on Guess What Number I'm Thinking Of, it's more fun and you get a free flaming drink with a silly straw.

Mon, 04/14/2014 - 15:46 | 4657926 qazwsx
qazwsx's picture

algos trying hard to supress gold and gold related shares ha!

Mon, 04/14/2014 - 15:49 | 4657940 valley chick
valley chick's picture

Well that was easy!  And up up an away it goes!

Mon, 04/14/2014 - 15:50 | 4657941 fonzannoon
fonzannoon's picture

the stock market solely exists to contradict zh market updates.

Mon, 04/14/2014 - 16:04 | 4658010 Dr. Engali
Dr. Engali's picture

Lol...... I wouldn't say that's the sole reason, but that's right up there just after enriching insiders.

Mon, 04/14/2014 - 16:07 | 4658025 fonzannoon
fonzannoon's picture

Hey Doc, I tried to catch you on the retail sales thread eralier. Nice job man. Let's get you squared away this week. You can email me at fonzyfonzanoon@yahoo and let me what works.

Mon, 04/14/2014 - 16:22 | 4658093 Dr. Engali
Dr. Engali's picture

I saw that earlier. It's just been a busy day. I'll catch up with you later.

Mon, 04/14/2014 - 16:26 | 4658116 fonzannoon
fonzannoon's picture

sounds good, talk to you soon man.

Mon, 04/14/2014 - 15:51 | 4657946 Zymurguy
Zymurguy's picture

DOW - like watching a rocket launch...

Mon, 04/14/2014 - 15:53 | 4657954 thismarketisrigged
thismarketisrigged's picture

wow, so the dow goes from nearly red on day to near the highs of the day just like that.

 

normal, move along, no rigging to see, must be all those ''investors''

Mon, 04/14/2014 - 15:54 | 4657957 madcows
madcows's picture

Looks like she's gone from suck to blow.  in a 3:30 ramp sorta way.

Mon, 04/14/2014 - 15:56 | 4657967 ebworthen
ebworthen's picture

Looks like the 3:30 ramp is in; "Wow, look at that".

Somebody hit the button.

Mon, 04/14/2014 - 15:58 | 4657972 Frank N. Beans
Frank N. Beans's picture

Read all about it:  ZH provides new market timing signal.

uncanny this shit

 

Mon, 04/14/2014 - 15:59 | 4657977 Ness.
Ness.'s picture

Hey Tyler's - How about trying something new tomorrow.  If the "market" is in the midst of a sell-off, how's about holding off on posting your next entry until after the close, just to see what happenes.  You guys have been the ultimate fade for the last several months.  Mkay?

Mon, 04/14/2014 - 16:00 | 4657983 SheepDog-One
SheepDog-One's picture

Yea like Friday....oh wait.

Mon, 04/14/2014 - 15:59 | 4657978 SheepDog-One
SheepDog-One's picture

It almost looks SO life-like!

Mon, 04/14/2014 - 16:53 | 4658248 what's that smell
what's that smell's picture

"was it the same kat?"

Mon, 04/14/2014 - 16:00 | 4657981 Bryan
Bryan's picture

They need S&P futures to break through 1836.00 or it's a no-go on the dip buying spree.  At least for today.

Mon, 04/14/2014 - 16:02 | 4657995 davinci7_gis
davinci7_gis's picture

Big banks ramped the shit out of the market today!

Mon, 04/14/2014 - 16:03 | 4658001 NEOSERF
NEOSERF's picture

Virtu's middle finger salute to their [delayed] IPO stuff...

Mon, 04/14/2014 - 16:03 | 4658003 MickV
MickV's picture

Nice, Nasdaq up 30 in last 1/2 hr.? Yeah that's for real.

Mon, 04/14/2014 - 16:03 | 4658004 SheepDog-One
SheepDog-One's picture

ZH should just fuck with the Fed next time the 'markets' swing way up, post an article about how the 'markets' are experiencing a huge sell off, and vice versa.

Mon, 04/14/2014 - 16:04 | 4658008 chrispycrunch
chrispycrunch's picture

Looks like the 3:30 ramp came in on time to give that 4,022.69 close.

Mon, 04/14/2014 - 16:04 | 4658013 B.J. Worthy
B.J. Worthy's picture

Mock Starket.

Mon, 04/14/2014 - 16:48 | 4658186 HardlyZero
HardlyZero's picture

Is that the Market Fluffer's name ?   One day I'd like her (I hope!) to educate me on her methods.  It is standing right up there now at attention...market rigid...and at the proper angle ! 

Aunt Janet must have some injectible VIAGRA.  What else ?

 

Amazing times (and grace).

Ready for Tuesday all-day popapalooza and Flamingo Dance !

We come prepared Tuesday, NASDAQ ready for our expensive entertainment.

Mon, 04/14/2014 - 16:05 | 4658017 Yen Cross
Yen Cross's picture

   That's definitely got to be one of the most idiotic manipulative equity market moves I've seen in about a week...

Mon, 04/14/2014 - 16:05 | 4658018 NOTaREALmerican
NOTaREALmerican's picture

Are we there yet?

Mon, 04/14/2014 - 16:06 | 4658020 LetsGetPhysical
LetsGetPhysical's picture

ZH Shark Jump

Mon, 04/14/2014 - 16:08 | 4658029 Pairadimes
Pairadimes's picture

Must....hold.....gains.....close.....green.....erk......ugh......ack

Mon, 04/14/2014 - 16:45 | 4658212 HardlyZero
HardlyZero's picture

NBI closed negative for the day...the only holdout.

Mon, 04/14/2014 - 16:10 | 4658040 starman
starman's picture

Nah its not a ramp its that great  Bank named Citi earning gazziliens!

Mon, 04/14/2014 - 16:15 | 4658057 Yen Cross
Yen Cross's picture

   I wonder who's (primary dealer) turn it was in the barrel today?

Mon, 04/14/2014 - 16:19 | 4658074 NOTaREALmerican
NOTaREALmerican's picture

Uh, oh,  the dreaded -1 is back.

(Disclaimer: -1'd myself just for thread consistancy)

Mon, 04/14/2014 - 16:24 | 4658099 Bryan
Bryan's picture

Me too.

Mon, 04/14/2014 - 16:25 | 4658110 _ConanTheLibert...
_ConanTheLibertarian_'s picture

OK, I added -1, no offense.

Mon, 04/14/2014 - 16:46 | 4658216 what's that smell
what's that smell's picture

them machines sure are "machine-like".

if you're unkle joe told the same joke over and over would you suspect he was a machine?

"smells like machine trading to me."

Mon, 04/14/2014 - 17:32 | 4658375 NoIdea
NoIdea's picture

Did we hit escape velocity today?

Mon, 04/14/2014 - 18:53 | 4658611 The worst trader
The worst trader's picture

The most epic short squeeze of the year!

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