Trannies Tumble To Red Post Draghi, Exuberance Fading Fast

Tyler Durden's picture


Volume is well above average pro rata as US equity markets are stumbling notably this morning. Was retail sales' miss the final straw that broke the hope back? Or was it China's CNY vol, failed auction, warehouse probe, or Japan's dismal data and misery, or Iraq's reignition, or Ukraine, or Q1 GDP downgrades, or earnings outlook downward revisions, or flows? Since Mario Draghi promised the world and made everyone believe that's what he gave them, US equity markets have rolled over hard today and Dow Transports are now notably in the red as the former high-flier unbreakable trend looks set to follow Biotechs in the momo meltdown club...

The cash indices are rolling over...


As Futures have broken initial resistance and are testing to pre-Draghi levels...

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Thu, 06/12/2014 - 10:53 | 4848409 PlusTic
PlusTic's picture

algos can't manipulate stocks for now. so they've moved onto energies...fukkin rolling farce!

Thu, 06/12/2014 - 11:04 | 4848431 PartysOver
PartysOver's picture

Just back filling/auctioning the run up on June 5th.  To be expected.  Real story is what happens next.  Play "Will it hold".  Referencing the Stock Indexes here.

Thu, 06/12/2014 - 11:18 | 4848548 Say What Again
Say What Again's picture

Does anyone remember the selloffs that go all day?

We're only a few hours into the session, and the sell-off is already startring to fade.

In the good old days, the selling would start in the morning and never stop until the market closed!

I miss those days.

Thu, 06/12/2014 - 11:21 | 4848560 SAT 800
SAT 800's picture

Short ES from 1951; as posted here on05/09. Nice. Die bitch; (the stawks market). I love the smell of free money in the morning. 1935 currently.

Thu, 06/12/2014 - 10:54 | 4848411 canonball
canonball's picture

Can't Belgium just BTATFH and help us out?

Thu, 06/12/2014 - 10:55 | 4848418 Hindenburg...Oh Man
Hindenburg...Oh Man's picture

how about riots in Brazil now....

Thu, 06/12/2014 - 10:57 | 4848426 Dr. Engali
Dr. Engali's picture

Damn and I just got my S&P 2000 hat in the mail. Now what did I do with that 666 hat?

Thu, 06/12/2014 - 11:08 | 4848486 disabledvet
disabledvet's picture

I fear for the American kids who are gonna have to fight this...I really do.

Now that I have a complete knowledge and understanding as to how this war is being fought (bought) and executed on (as the does the rest of the world) the theory that there has ever been a "Plan" let alone one for "Victory outside of war" has now been laid bear (so the speak.)

Tea Party it is now for me.

Thu, 06/12/2014 - 11:15 | 4848524 Dr. Engali
Dr. Engali's picture

There are some kids who won't be fighting any stinking banker war...... mine.

Thu, 06/12/2014 - 11:49 | 4848681 jbvtme
jbvtme's picture

i'd feel so much more assured if i knew the detention centers will be wired for high speed dsl

Thu, 06/12/2014 - 11:37 | 4848631 Pemaquid
Pemaquid's picture

"I fear for the American kids who are gonna have to fight this...I really do."
If we still had the draft I might agree.

Thu, 06/12/2014 - 10:59 | 4848434 NoDebt
NoDebt's picture

I think we need a government stimulus program.  No, wait.  That's not right.  Oh, my God, I'm starting to think like "them".  Help, I've been infected!!  Somebody shoot me and put me down before I infect others!!


Thu, 06/12/2014 - 11:04 | 4848464 Dr. Engali
Dr. Engali's picture

It's too late son. You are just going to have to learn to live with your conformity. It will get easier once you have your first helping of government cheese.

Thu, 06/12/2014 - 11:04 | 4848467 Duffy Duck
Duffy Duck's picture

I remember people making comments, sarcastically, that the Treasury [or Fed] should just cut a 10,000 check to everyone. Horrible idea, right? I'm not so sure anymore, because it would mean Joe 6-Pack getting relatively a little less fucked than he is and going to be with inflation, negative rates, and such.

The biggest reason it won't be done isn't economic - they've printed like crazy just to tread water and keep the transfer of wealth to banks going.


No the real reason is people would use fresh fiat to pay off credit cards and pay down other debts/loans.

Can't fucking have that, can we?

Thu, 06/12/2014 - 11:11 | 4848507 Rip van Wrinkle
Rip van Wrinkle's picture

Since when have these f*ckers in ncharge given a shit about Joe 6-pack?


Now get back to work, slave!!

Thu, 06/12/2014 - 11:06 | 4848474 The Axe
The Axe's picture

Broken....fucking no correlations      PCLN is up 15 points....selling excellent travel packages to IRAQ

Thu, 06/12/2014 - 11:12 | 4848514 disabledvet
disabledvet's picture

Pope complaining about massive arms shipments from Europe to the Middle East.


Putin's "Commonwealth" excluding Ukraine.


Thu, 06/12/2014 - 11:10 | 4848501 kito
kito's picture

buy todays short lived dip

Thu, 06/12/2014 - 11:11 | 4848509 asscannon101
asscannon101's picture

'Eet eez, of course, zee eenstabeelity'

Thu, 06/12/2014 - 11:19 | 4848547 Thermopylae
Thermopylae's picture

Kinda disappointed. Read the headline and thought it was about a bunch of cross-dressing gymnasts mounting Draghi's manhood.

Oh well, back to watching the world self-implode.

Thu, 06/12/2014 - 11:20 | 4848554 Ness.
Ness.'s picture

Tyler calls the bottom, again.


*golf clap*

Thu, 06/12/2014 - 11:26 | 4848586 NoDebt
NoDebt's picture

It's awful, but it's true, isn't it?

Thu, 06/12/2014 - 11:31 | 4848606 Ness.
Ness.'s picture

Sadly, yes.  

Thu, 06/12/2014 - 11:29 | 4848593 jubber
jubber's picture

yep we're rallying...sigh Twitter down 1% now up 4.5% LOL

Thu, 06/12/2014 - 12:04 | 4848771 Pig Circus
Pig Circus's picture

Man I hate this fucking market. More so then in 2000. Then we did have an economy and no real insite how the internet would or wouldn't change things. Now all we have is massive currency conterfitting in a race to the bottom.

I could go on and on but you all know what a fucking Pig Circus it all is.

Thu, 06/12/2014 - 12:11 | 4848798 Spungo
Spungo's picture

I always thought Tranny Surprise was an entertaining series.

Thu, 06/12/2014 - 12:47 | 4848980 Zeta Reticuli
Zeta Reticuli's picture

"Trannies tumble". I get this mental image of Ann Coulter falling off a stage while performing at some drag queen event.

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