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Macro Weakness Sends Stocks Reeling, All Indices Red Post-MH17

Tyler Durden's picture




 

Well that escalated quickly. Friday's micro (earnings-based) weakness has extended to today's macro weakness and removed any "ignore the geopolitics, just buy the dips"-exuberance. All US equity indices are once again below the levels pre-MH17 headlines with the Dow and Russell 2000 worst performers. It appears investors need some reassurance that Yellen's "price-equity" ratio is still 'fair'.

 

 

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Mon, 07/28/2014 - 10:15 | 5012419 dontgoforit
dontgoforit's picture

WW lll will not be a protracted event - hedge accordingly.

Mon, 07/28/2014 - 10:24 | 5012456 Eireann go Brach
Eireann go Brach's picture

We need a speech from Obongo to lift the market1

Mon, 07/28/2014 - 10:58 | 5012583 anmut
anmut's picture

I swear the market waits for ZH to proclaim it saw a bear.  Then it double gains all the way to new record highs.

Mon, 07/28/2014 - 11:06 | 5012627 Headbanger
Headbanger's picture

Looks like the DJIA hit its 50 DMA this morning and is bouncing a bit off it now.

http://www.marketwatch.com/investing/index/DJIA/charts?symb=DJIA&country...

Mon, 07/28/2014 - 11:35 | 5012818 NoDebt
NoDebt's picture

The ZH bottom-calling streak continues.  Almost to the minute this time.

Mon, 07/28/2014 - 14:25 | 5013674 Publicus
Publicus's picture

Zerohedge articles are designed to make you lose fiat.

Mon, 07/28/2014 - 10:16 | 5012423 Greenskeeper_Carl
Greenskeeper_Carl's picture

BTFD? im sure something will happen to justify a nice ramp up on tuesday and friday.

Mon, 07/28/2014 - 10:43 | 5012524 Sudden Debt
Sudden Debt's picture

YEAH!!!

BUY MOAR!!

MAYBE THEY'LL BRING DOWN 2 PLANES NOW AT ONCE!!!

IMAGINE THE RALLY!!

Mon, 07/28/2014 - 10:17 | 5012431 Al Huxley
Al Huxley's picture

Yellen Capital better get their shit together or I'm going to find another advisor.  I understand investment requires a long-term focus, I'm buying the company's potential to build and grow, blah, blah, blah, but there comes a point when you have to say 'enough is enough, I've been holding this position for 3 days, I've given this company plenty of time to show what it can do, and still NOTHING.  I guess these guys just don't have what it takes, time to move on'.

Mon, 07/28/2014 - 10:43 | 5012526 highly debtful
highly debtful's picture

You know what your problem is? Your investment horizon is completely out of whack. Three days? I shift my money after three minutes without meaningful result. Any modern company worth its salt should be able to turn a profit for its investors within 180 seconds. You're never gonna make it with that hopelessly outdated long-term approach.  

Mon, 07/28/2014 - 11:06 | 5012624 Al Huxley
Al Huxley's picture

Well, we all have our styles.  It sounds like you're more of a momentum trader, following the market trend, whereas I consider myself more of a value investor - looking for those undervalued companies, buying when there's 'blood in the streets' and then giving the company time to prove itself and holding on for the long term gains, even if it means I have to hold that position for 7 or 8 days.   I think each strategy can be successful, you just have to have the discipline to stick with it.

Mon, 07/28/2014 - 11:35 | 5012827 NoDebt
NoDebt's picture

You can't see it, but on my side of the screen, I'm have a good chuckle.

Mon, 07/28/2014 - 10:21 | 5012441 Quinvarius
Quinvarius's picture

The stock market is going to give every bit of QE gains back, just like Japan did, every time.

Mon, 07/28/2014 - 10:25 | 5012461 PartysOver
PartysOver's picture

True, but when has been the Q from the beginning.    Think I will need to a much bigger screen to watch the huge plunge.

Mon, 07/28/2014 - 10:22 | 5012446 Dr. Engali
Dr. Engali's picture

Old yeller is letting a few shorts get their hopes up and hop on board so she can jam this thing higher at their expense. 

Mon, 07/28/2014 - 10:39 | 5012506 what's that smell
what's that smell's picture

wolves of wall street, hedge fund hyena, randroids, zionists, and cockroaches GET UNDERGROUND NOW.

Mon, 07/28/2014 - 10:23 | 5012453 Callz d Ballz
Callz d Ballz's picture

The "market" can't look too uniform/efficient, oh wait.

Mon, 07/28/2014 - 10:24 | 5012457 Zeptemberalevin
Zeptemberalevin's picture

buy the fucking dip 

Mon, 07/28/2014 - 10:25 | 5012460 Armed Resistance
Armed Resistance's picture

If old Yeller comes out this week singing "sunshine on my shoulders" and telling us how great everything is you better run for the hills. The false flag is likely on...

Stack it and rack it.

Mon, 07/28/2014 - 10:25 | 5012464 I am a Man I am...
I am a Man I am Forty's picture

Apple is hanging in there.

Mon, 07/28/2014 - 10:33 | 5012483 pods
pods's picture

That is due to the email sent out that said that if you sell apple stock, all the nude pics on your phone (that you thought were secure) will be uploaded to the web.

pods

Mon, 07/28/2014 - 10:28 | 5012469 yogibear
yogibear's picture

Following the Federal Reserve's engineered Japanese economy. Where bailout everything and a dead zombie economy.

 

The US has to add in the costs of EBT cards, welfare, housing, health and education cost for all the millions of illegals pouring into the US now. Something Japan didn't have.

Mon, 07/28/2014 - 10:28 | 5012470 Soul Glow
Soul Glow's picture

Yellen's P/E is still fair lol.

Mon, 07/28/2014 - 10:31 | 5012477 SickDollar
SickDollar's picture

Watch for the trap, the Feds know better than that


 

Mon, 07/28/2014 - 10:38 | 5012504 anmut
anmut's picture

Oh whatever.  BTFD Tuesday™ is less than 24 hours away.  

Mon, 07/28/2014 - 10:39 | 5012505 anmut
anmut's picture

Oh whatever.  BTFD Tuesday™ is less than 24 hours away.  

Mon, 07/28/2014 - 10:44 | 5012528 Carpenter1
Carpenter1's picture

And one day it won't be, unless you believe the FED can do this for 100 years. Inflation will be their ultimate undoing. You can't overcome inflation by printing FED notes

Mon, 07/28/2014 - 11:03 | 5012613 The Most Intere...
The Most Interesting Frog in the World's picture

They are going to overcome inflation by confiscating bank accounts.

Mon, 07/28/2014 - 10:40 | 5012512 Hindenburg...Oh Man
Hindenburg...Oh Man's picture

Wasn't the article linked (Bloomberg?) this morning something about the average BTFD period being 1.4 days, or something along those lines? So pretty soon a 30 minute pullback is the dip...at some point you would think that this system breaks and the dip is never bought (gasp, the horror). 

STFD = sell the fucking dip 

Mon, 07/28/2014 - 10:43 | 5012518 anmut
anmut's picture

Current market = loose 150+ on the DOW, rebound by 2:30pm to postive territory.  

Mon, 07/28/2014 - 11:02 | 5012604 The Most Intere...
The Most Interesting Frog in the World's picture

That would be the only fair thing to do.

Mon, 07/28/2014 - 10:43 | 5012523 viator
viator's picture

How about "cash for stocks"?

Mon, 07/28/2014 - 10:45 | 5012531 Hindenburg...Oh Man
Hindenburg...Oh Man's picture

I see that the dip is now being fucking bought, though. 

Mon, 07/28/2014 - 11:01 | 5012598 The Most Intere...
The Most Interesting Frog in the World's picture

I have a feeling the meaning of "bought" is very subjective at this point.

Mon, 07/28/2014 - 10:50 | 5012543 Ness.
Ness.'s picture

ZH posts the low... again.  

Mon, 07/28/2014 - 11:13 | 5012676 Ness.
Ness.'s picture

ZH post time 10:12

Low of the day 10:20

 

missed it by  <...> much.  

Mon, 07/28/2014 - 10:49 | 5012546 Kaiser Sousa
Kaiser Sousa's picture

what the fuck is it with the last hour of trading in London that causes the markets to rocket to the upside EVERY fucking day???????????????????

Mon, 07/28/2014 - 10:59 | 5012587 The Most Intere...
The Most Interesting Frog in the World's picture

Well we can rule out price fixing and manipulation because no one would do something like that.

Mon, 07/28/2014 - 12:40 | 5013174 dontgoforit
dontgoforit's picture

Tea tax is repealed promptly at that time daily.

Mon, 07/28/2014 - 10:56 | 5012577 The Most Intere...
The Most Interesting Frog in the World's picture

No big deal.  It's not like the entire economy, every debt and every funded and unfunded pension liability is hanging on a thread and is only supported by an inflated bubble in the stock markets.  Otherwise, this would be a big deal.

Mon, 07/28/2014 - 12:42 | 5013178 dontgoforit
dontgoforit's picture

Gonna be a hard rain when that bitch fails.

Mon, 07/28/2014 - 11:02 | 5012605 Iriestx
Iriestx's picture

Buy the dip.  We'll be at new record highs by EoD Tuesday.

Mon, 07/28/2014 - 11:07 | 5012636 Lordflin
Lordflin's picture

And the President, having fulfilled the job for which his handlers hired him, now spends his days on the golf course, and his evenings hobnobbing it with the beautiful people at expensive social gatherings.

Bravo! We'll done sir!

Mon, 07/28/2014 - 11:30 | 5012786 Hindenburg...Oh Man
Hindenburg...Oh Man's picture

I walked in from the store after 10 ish and we were down .50 percent on the NASDAQ futures, I look at 1130 and we've just gone positive. Figured it would be green before noon. 

Mon, 07/28/2014 - 11:49 | 5012905 TeethVillage88s
TeethVillage88s's picture

Inversions, NPR did a great audio show today.

http://onpoint.wbur.org/2014/07/28/tax-avoidance-tax-inversion-corporate...

http://www.usatoday.com/story/opinion/2014/07/27/bill-gates-tech-worker-...

Since Global Corporations have got everything they wanted

1) Free Trade with few Tariffs on imports to US
2) 12%-14% Corporate Tax Rate
3) Rights to Lobby & Contribute as much money as they want to US Congressional Campaigns
4) Foreign Lobbyists
5) Banker Control of Treasury, Executive Branch & Federal Reserve
6) Any Financial Scheme they want including Tax Havens, Tax Deferred Wages, Shell Companies,
7) No Real Blow back from Jobless or Lay Offs
8) Privatization of many government or military functions, Utilities, War, Soldiers, Armies (PMCs)
9) No Price controls even on Drug Prices
10) Unlimited Access to US Markets and Few Rules of Incorporation
11) State tax Abatements
12) Federal Subsidies including federal contracts, Domestic Assistance, Grants, Tax Breaks
13) H1B VISAs and Open Borders
14) Unlimited Federal Spending for exponential growth in government support

Think about it, if Drug Companies go overseas thus lowering US Federal Tax Revenue... it should follow that US Banks for Lower Ratings for Federal Government AND Lower Value of US Dollar based on eroding tax revenue.

Like Killing the Golden Goose in Slow Motion.

Like they Killed our Manufacturing and Turned us into Europe, except Europe probably has more Tariffs and Price Controls (like on Drugs). Giant Sucking Sounds from Whining/Wimpy Transnational Corporations.

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