This page has been archived and commenting is disabled.

Stocks Slide Into The Red For The Week

Tyler Durden's picture




 

Overnight weakness following The World Bank downgrade, China's flip-flop on CNY and failed auction, Cantor's 'compromise-shattering' loss, appeared to be stabilized by a levitating USDJPY but when the budget deficit hit (as expected) it appears the market was hoping for a bigger deficit (and thus more to monetize and moar QE). Stock are diving lower with Trannies worst along with the Russell 2000 -1%. CNBC is already discussing if this is the pullback to buy for the next leg higher in stocks as money on the sidelines floods in...

 

Stocks drop to red for the week...

 

With USDJPY 102 in charge...

 

- advertisements -

Comment viewing options

Select your preferred way to display the comments and click "Save settings" to activate your changes.
Wed, 06/11/2014 - 14:19 | 4845574 order66
order66's picture

Ummm....that's not allowed.

Wed, 06/11/2014 - 15:15 | 4845785 Headbanger
Headbanger's picture

Sum Ting Wong!

 

Sum Buddy Havtu Sei.

Wed, 06/11/2014 - 14:25 | 4845581 Dr. Engali
Dr. Engali's picture

The world is in chaos with shit blowing up everywhere. The red team is in disarray and the blue team is running away from zero as fast as they can. Demand is low, Unemployment remains elevated, we have overcapacity issues in every sector of the economy, and debt levels have never been higher. It seems to me that the only logical option is to BTFD. Wall of worry bitchez!

Edit: did I forget to mention oil............?

Wed, 06/11/2014 - 14:31 | 4845621 LetThemEatRand
LetThemEatRand's picture

"The world is in chaos with shit blowing up everywhere. The red team is in disarray and the blue team is running away from zero as fast as they can. Demand is low, Unemployment remains elevated, we have overcapacity issues in every sector of the economy, and debt levels have never been higher...."

Other than that, Mrs. BernYellen, how was the play?

Wed, 06/11/2014 - 14:51 | 4845692 MisterMousePotato
MisterMousePotato's picture

I am not in the habit of giving (you, especially) happy up twinkles for droll cynicisms, but I gotta say, "Bon mot, Sir. Bon mot."

Wed, 06/11/2014 - 14:22 | 4845582 JustObserving
JustObserving's picture

Kevin Henry is on his summer vacation?

Wed, 06/11/2014 - 14:24 | 4845593 stant
stant's picture

Blood in the streets

Wed, 06/11/2014 - 14:28 | 4845604 Winston Churchill
Winston Churchill's picture

Will settle for just Liberty St.

Wed, 06/11/2014 - 14:29 | 4845606 duo
duo's picture

no, the Dow stocks are waiting for the latest round of cheap debt to get funded so they can buy back more of their own stock.  It takes a few days.

Wed, 06/11/2014 - 14:24 | 4845596 firstdivision
firstdivision's picture

I thought there was a terrorist attack with all the sirens going off, then noticed it was coming from the NYFed.  Prepare for a sell-off in vol

Wed, 06/11/2014 - 14:25 | 4845598 Hohum
Hohum's picture

It is interesting that May 2014 nominal federal revenue is barely above May 2013 nominal revenue--less than 1%.  Time to double check that spring recovery.

Wed, 06/11/2014 - 14:28 | 4845605 Ness.
Ness.'s picture

Normally a bearish post from Tyler is the bottom - here's hoping I'm wrong.  

Wed, 06/11/2014 - 14:48 | 4845677 Hindenburg...Oh Man
Hindenburg...Oh Man's picture

No you're not. The moment they posted was pretty much the bottom. It's eerie. Someone is f-ing with us. 

Wed, 06/11/2014 - 14:32 | 4845625 buzzsaw99
buzzsaw99's picture

oh noes! omg omg oh noes!

Wed, 06/11/2014 - 14:33 | 4845627 The worst trader
The worst trader's picture

End the fed so we can get back to real trading!

Wed, 06/11/2014 - 14:42 | 4845660 NOTaREALmerican
NOTaREALmerican's picture

The Fed sent out a world-wide broadcast 5+ years ago on exactly how to trade.     They said:  we're buying everything,  guess what you should do?   

Wed, 06/11/2014 - 15:11 | 4845766 kowalli
kowalli's picture

Kill them all.

Wed, 06/11/2014 - 14:33 | 4845628 Sticky Wicket
Sticky Wicket's picture

Stocks in the red? Sounds bullish to me.

Wed, 06/11/2014 - 14:39 | 4845645 pound the vix
pound the vix's picture

It's OK Al-Qaeda has $400 Million to invest in the S&P 500 (cash on the sidelines)

 

Wed, 06/11/2014 - 14:41 | 4845658 Winston Churchill
Winston Churchill's picture

Silly, who do you think dropped the gold price with $400m this lunchtime.

Wed, 06/11/2014 - 14:40 | 4845647 daveO
daveO's picture

Cantor got beat. Momentarily deflationary. 

Wed, 06/11/2014 - 14:40 | 4845649 NOTaREALmerican
NOTaREALmerican's picture

If the heroic traders can weather this storm I predict an upsurge in confidence as the skys clear and the seas calm.  

Tune in for all the economic weather news,  here on your Zero New channel. 

Wed, 06/11/2014 - 14:41 | 4845655 ptoemmes
ptoemmes's picture

Damn...might have to put my DOW 17000 and S&P500 2000 hats back in the drawer.

Wed, 06/11/2014 - 14:49 | 4845681 Hindenburg...Oh Man
Hindenburg...Oh Man's picture

You'll get to wear them this week, so if you put them in the drawer, place them on top of something.

Wed, 06/11/2014 - 15:07 | 4845745 Eyeroller
Eyeroller's picture

Pump should start any second now...

Wed, 06/11/2014 - 15:30 | 4845780 TheRideNeverEnds
TheRideNeverEnds's picture

we know how this movie ends, just buy the dip; its free money with zero risk.  

Wed, 06/11/2014 - 15:30 | 4845833 Yen Cross
Yen Cross's picture

    Here comes the BTFATH team.

Wed, 06/11/2014 - 15:42 | 4845871 TabakLover
TabakLover's picture

Dang ZH..... you missed the low of the day on the SP by 6 mins with this news.  You're not Dennis Gartman..........not yet.

Wed, 06/11/2014 - 16:37 | 4846049 Spungo
Spungo's picture

Since Europe set negative interest rates, this might be a good time to buy European stocks. The ishares Europe ETF is ticker IEV. Large companies will probably borrow money for next to nothing and pay it out to share holders in the form of dividends and buybacks.

If would be pretty cool if we had negative interest rates too. I could buy the SPY and watch it go up another 40% for the reason stated above.

Do NOT follow this link or you will be banned from the site!