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Momo Massacre 2.0 - The Post-Jobs-Report Crash

Tyler Durden's picture




 

What did investors in the growth-leveraged momo-darling stocks, that have raced back to record highs and "proved" that all is well in the world again, see in the Non-farm payrolls report that scared them short? From the peak last week, momo growth names have been monkey-hammered and even M&A-driven Biotech exuberance has given up over 7%...

 

 

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Tue, 07/08/2014 - 10:50 | 4935276 SoDamnMad
SoDamnMad's picture

No Fear  PPT is on the way. Won't close green but certainly won't be double digit unless someone wants an assignment in the Baghdad stock exchange.

Tue, 07/08/2014 - 10:50 | 4935278 slaughterer
slaughterer's picture

Another ZH article marks the intra-day low.

Tue, 07/08/2014 - 10:53 | 4935290 Headbanger
Headbanger's picture

Can't happen now cause you just jinxed it.

Tue, 07/08/2014 - 11:18 | 4935378 Publicus
Publicus's picture

ZH articles are designed to make you lose fiat :)

Tue, 07/08/2014 - 11:42 | 4935501 Squid Viscous
Squid Viscous's picture

reverse jinx, can't happen here!

http://www.youtube.com/watch?v=IItlxLUcR-U

Tue, 07/08/2014 - 11:46 | 4935516 Headbanger
Headbanger's picture

Nope.   All you did was just double down on the jinx so now the market is really fucked.

And it's all your fault.

Tue, 07/08/2014 - 10:51 | 4935283 SloMoe
SloMoe's picture

I wonder how that long-the-most-shorted fund is doing to today?

Tue, 07/08/2014 - 10:52 | 4935287 Dr. Engali
Dr. Engali's picture

More massaging of the 'markets' in order to lure in moar shorts. BTFD.

Tue, 07/08/2014 - 11:15 | 4935365 disabledvet
disabledvet's picture

We've been in a recession for the past year and I think that's about to be confirmed statistically.

President and Congress' poll numbers are clear confirmation of this. Just outright abandoned properties are starting to appear all around here...let alone a plethora of for sale by owner.

I still think if these high beta names really start getting whacked again it's a good time to start building a position in the Russel which simply put has not confirmed the rally in the other equity markets and has been sucking wind all year.

Prices have clearly reset highway over the last five years...quite dramatically so...but now we have collapse. Once people start raising chickens and goats these prices will fall. Demand has never recovered since the 2008 collapse...and these clowns wilding in the high yield debt markets are on the verge of being annihilated.

Tue, 07/08/2014 - 13:28 | 4935938 holmes
holmes's picture

 "Just outright abandoned properties are starting to appear all around here...let alone a plethora of for sale by owner."

Ever think that maybe they're selling because of you?

Tue, 07/08/2014 - 16:01 | 4936669 Peak Finance
Peak Finance's picture

This:

Once people start raising chickens and goats these prices will fall. 

Would be a blessing. God we need victory gardens back!

Tue, 07/08/2014 - 10:53 | 4935291 max2205
max2205's picture

Its pretty bad out they

 

Love dem tatters

Tue, 07/08/2014 - 11:05 | 4935324 gjp
gjp's picture

And somehow the S&P is barely down half a percent, outperforming all other global regions.  Gold getting beat up too now.  The kleptocrats are still winning ...

Tue, 07/08/2014 - 11:15 | 4935354 Headbanger
Headbanger's picture

Cause they have got to rescue the Almighty Dollar from becoming the Worthless POS it really is if the world stops using it to buy oil!

Which means, they is beating the crap out of gold and will boost yields which will obliterate what's left of the U.S. economy.

Which makes it a lot easier for the Gubmint to get us into a major war to maintain our military "exceptionalism" !

Unless of course there is a coup by U.S. Military to stop the insanity first.

 

Tue, 07/08/2014 - 10:57 | 4935299 Hindenburg...Oh Man
Hindenburg...Oh Man's picture

what was the catalyst to drive gold down about 10 bucks/oz. this AM? the jobs report, or interest rate hike talk? or just the usual: just cause, since who needs a reason to beat gold down?

Tue, 07/08/2014 - 10:59 | 4935304 Awakened Sheeple
Awakened Sheeple's picture

In a word, liquidity. Good time to buy everything if you have the balls.

Tue, 07/08/2014 - 11:01 | 4935312 stant
stant's picture

My post on another thread about the. Germans not having anything bigger than a frigate to send to ny for thier gold

Tue, 07/08/2014 - 12:16 | 4935632 crazybob369
crazybob369's picture

The canary must not be allowed to sing. It was singing that the dollar was falling like a rock.

Tue, 07/08/2014 - 11:01 | 4935309 Keltner Channel Surf
Keltner Channel Surf's picture

Aw, HECK!  Missed my Russell opening short entry by a few cents, then like an idiot hesitated while it dropped like an anvil.  Like a youngster on a blazing summer day who, upon hearing the ice cream truck's inviting music (Oh, ye cruel doppler effect), looks out the window to see it dissappear over the horizon . . .

Tue, 07/08/2014 - 11:06 | 4935328 max2205
max2205's picture

Please don't share your bad karma here

Tue, 07/08/2014 - 11:20 | 4935390 Keltner Channel Surf
Keltner Channel Surf's picture

May your next Dilly Bar have a stale center       :)

Tue, 07/08/2014 - 11:26 | 4935424 max2205
max2205's picture

That's what I mean. ....

Tue, 07/08/2014 - 11:47 | 4935518 Keltner Channel Surf
Keltner Channel Surf's picture

Reversed the Karma -- ate a piece of Russell-flavored shortcake with a big scoop of vanilla for lunch

Tue, 07/08/2014 - 11:02 | 4935316 booboo
booboo's picture

Let me try some market mumbo jumbo.

Spinning out the gimps on the gravy mixers which should recoil the hot pepper trades for big dick shops with lever action who have a pipe line to the pimp on 16 Penn

Tue, 07/08/2014 - 11:10 | 4935342 firstdivision
firstdivision's picture

Relevant repost:

Dip! Dip! Potato Chip!

BTFDDPC

*Ref: www.youtube.com/watch?v=ZfTyv_Ahd9g *

Tue, 07/08/2014 - 11:10 | 4935343 monopoly
monopoly's picture

Nope, do not believe we hit the "intra-day bottom". We just may have a real time correction. And just about ready to give up on the idiots at MarketWatch. So gold drops 10 bucks, not even one percent and the headline is "gold, silver spike lower". The indices slip 1% plus and they advertise they "slip". What a crock of shit they have become.

And so sick of "10 things" blah blah. They are racing to the bottom with that most intelligent channel CNBC>

Tue, 07/08/2014 - 13:30 | 4935944 Kprime
Kprime's picture

hic', cud u give me 10 rfeasons why ur soo sicc?

Tue, 07/08/2014 - 11:14 | 4935357 MountainsRoam
MountainsRoam's picture

I dare you to BTFD today haha cause the pattern is making it to easy for monkeys to make money!!

Tue, 07/08/2014 - 11:25 | 4935419 p00k1e
p00k1e's picture

No widespread panic, looting or rioting, yet.

Tue, 07/08/2014 - 13:28 | 4935937 Kprime
Kprime's picture

what do you mean? it scared the shit out of me so I looted my bar, hic', have one on me.

Tue, 07/08/2014 - 11:28 | 4935425 dontgoforit
dontgoforit's picture

One of these days, Alice!  One of these days!  Pow!  Zoom!  -  any day now to DJIA 8,000

Tue, 07/08/2014 - 11:34 | 4935466 vote_libertaria...
vote_libertarian_party's picture

Looks like somebody finally loaded the algo bot that noticed the 80% of the last 3 months 'jobs' were birth\death spreadsheet plugs.

Tue, 07/08/2014 - 11:37 | 4935481 Holistic
Holistic's picture

It's fucking Tuesday! Who is responsible for this, Yellen get your fat ass in the trading floor and do something!

This is ridiculous, whats next? -Cut the funds for ISIS. shit!

Tue, 07/08/2014 - 13:23 | 4935915 Pee Wee
Pee Wee's picture

Green close today - book it.

Tue, 07/08/2014 - 15:27 | 4936509 SheepDog-One
SheepDog-One's picture

Time to shear a bunch of dip buying leveraged sheeple, bah.

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