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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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..."

 

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.

 

Alea Iactaest's picture

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

icanhasbailout's picture

No worries, Kevin Henry is on the job.

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. 

spastic_colon's picture

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

 

:::: : : ::: ::

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

db51's picture

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

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!!!

max2205's picture

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

db51's picture

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

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)

PlusTic's picture

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

Ness.'s picture

Boom - must be 3:30.

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.

Tenshin Headache's picture

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

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?

WhoIsJohnGaltCoin's picture

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

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.

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.

Shleprock's picture

ramping now BTFD!!!!!

Kreditanstalt's picture

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

RAMP, RAMP and AAAWWWWWAAAAAYYYYYYY!!!!!!

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...

GrinandBearit's picture

Classic ZH contrary post.

PlusTic's picture

the timing was uncanny...

ebworthen's picture

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

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.

qazwsx's picture

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

valley chick's picture

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

fonzannoon's picture

the stock market solely exists to contradict zh market updates.

Dr. Engali's picture

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

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.

Dr. Engali's picture

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

fonzannoon's picture

sounds good, talk to you soon man.

Zymurguy's picture

DOW - like watching a rocket launch...

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''

madcows's picture

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

ebworthen's picture

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

Somebody hit the button.

Frank N. Beans's picture

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

uncanny this shit

 

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?

SheepDog-One's picture

Yea like Friday....oh wait.

SheepDog-One's picture

It almost looks SO life-like!

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.