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MOMO Massacre Accelerates
Since Fed's Tarullo uttered those ugly words that "valuations are stretched," US growthy momentum stocks have been hammered. The rally of the last few days was met with exuberant BTFWWIII proclamations from various talking-heads as all the problems in the world were fixed and leveraged long high-beta was once again the no-miss trade du jour... until today...
It appears investors - for once - are seeing through channel-stuffed iPhone sales and non-GAAP Facebook magical operating income as 'real' growth is sorely lacking...
All US equity indices are now red for the week...
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Keep an eye on the 10Yr- Yield curve is starting to pancake-
Hmmm, I didn't think those things could go down anymore?
pods
Yields will drop. What else is there to puchase of value besides PMs?
At the end of the day, everyone still needs to feed their family. And iPads don't taste that great when sober.
Should screw up PLUGs latest money raising attempt then and dump it all on the underwriters...
manipulated on the way up, manipulated on the way down. there is no market, there is only the fed.
truer words have never been spoken. Remember last weeks 30pt drop followed by 30pt rally? Don't be surprised if they ramp the trash on Monday....due to 'conflict resolution'
It's all entertainment until the drop isn't followed by a rally. That will be your sign the the end is nigh, when "V" bottom fails to appear. RIP for the BTFD at that point.
You'll be lucky to be able to keep an eye on anything when this thing breaks.
You'll most likely get squashed trying to run for the exits.
We only make internet related things in the USA now! What a country!
Isn't massacring momos considered a hate crime?
This afternoon is going to be very bloody,especially the last five minutes.
Anyone going to BTD for a nervous weekend ?
You forgot the F
oh no, down a bit then up a bit. down a bit, then up a bit. repeat every week. 2014 will be like this.
I am counting on Bill Gross having this well under control.
No story on the BTC massacre today?
BTC's already been divided into bag-holders & ponzi-reamers. Total non-story now.
BATS self help in 5...4.....3...2....
too easy! They provide the count-down for you - their price!
Valuations are stretched
Of course, he meant for gold and silver.
Stocks are always fairly valued as Greenspan/Bernanke/Yellen always assert.
It actually took someone from the Fed saying this for people to realize.........?
this is all just a ruse to generate trading volume for the tbtf. when they really want it to go down this is how it will work:
1) jpm will get short the market
2) the squid will say S&P 500 will go to 1999 within a month.
3) the fed will raise the fed funds rate 75 bps overnight
Tarullo voted with the Bernank all the way for the last 4 years. Now he pronounces valuations are stretched. Funny, he musta forgot he had a hand in busting these markets ...
This guy is a banking regs nerd. And the banks are still a mess too.
ZH calls the bottom agian
This would be funny, if it wasn't so fucking true. +1
When you write what's happening it's hard not to. so I don't think that they do it on purpose
almost to the very minute.
'Called the bottom' LOL not this time...down she goes!
Guess JSTFUABTATFHWWIIID....
Turned. To. Shit.
They won't let the 10yr get out of control until they cannot control it with their IRSwaps derivatives. When that happens it will just implode real fast. So fast it will be difficult to get out of arms way.
US is really screwed with these psycho's in-charge. Its no going to end pretty. So many neocons in control in DC nowadays its resembles Nazi Germany. The Gestapo tactics are starting to rear its ugly head.
Yellen is the bagholder. Take that bitch!!
don't worry. it's almost 11:30. they will surely "fix" this as soon as those pesky Europeans go home...
Guys, you are getting WAY too excited... Do yourself a favor and BTFD!
Did the market wake up today and finally realize that Putin wasn't going to fold? Also, the Fed is the market, so when K-Hen's light is green, it means sell VIX and Buy anything not physical.
ZH bottom call. always a good time to sell your short ETF on the way down...
More games by the Federal Reserve to push people into bonds and dollars. This game is really very sickeing to watch as people are being led by the nose by a courrpt group of banking gangsters!
Goldman's Algos will push everthing back up next week and will do their best to support their pupets in Washington.It's all part of the next phase of work against Russia.How dare they stand up to out of control debt.
Can Algos really make tens of billions of market cap reappear? AMZN lost like 15bn USD today.
At one point there have to be no more buyers, no? Or are they selling it to themselves?
borrow from the fed ,for near nothing
then buy your own junk
it's all good...
until you get a seal flipper
stuck in your throat
omerGAWD
S&P drops 0.81% dow drops 0.85% and that's a massacre. NASDAQ down 1.75%. Gold increases 0.13% and it's soaring-ever-moaring.
yawn (yuan?)
Got hvu?
"MOMO!!!"
I just like saying, "Momo"