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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PlusTic's picture

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

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.

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.

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.

canonball's picture

Can't Belgium just BTATFH and help us out?

Hindenburg...Oh Man's picture

how about riots in Brazil now....

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?

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.

Dr. Engali's picture

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

jbvtme's picture

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

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.

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!!


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.

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?

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!!

The Axe's picture

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

disabledvet's picture

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


Putin's "Commonwealth" excluding Ukraine.


kito's picture

buy todays short lived dip

asscannon101's picture

'Eet eez, of course, zee eenstabeelity'

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.

Ness.'s picture

Tyler calls the bottom, again.


*golf clap*

NoDebt's picture

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

jubber's picture

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

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.

Spungo's picture

I always thought Tranny Surprise was an entertaining series.

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.