Dow Drops 300 Points: Turns Red For 2014

Tyler Durden's picture

Well that escalated quickly...

 

The Dow just dropped below the 16576.66 closing level for 2013... breaking both the 50DMA and 100DMA...

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nink's picture

Take the money and run

svayambhu108's picture

Run forest, run, run to the forest, for the rest will come later 

SumTing Wong's picture

Maybe my shorts will finally make me some cash...after losing so much along the way...eventually I'll be able to keep my head only slightly below the water. 

Say What Again's picture

I'm studying for an econ-stats quiz.  Would the returns on the SP500 be considered a Stationary or Non-Stationary Processes? </sarc>

p.s.  I don't know about your shorts, but in my neighborhood, the ladies make more money with their shorts off.

gh0atrider's picture

Buh lots of Bitcoin and you shall never want.

Hero Protagonist's picture

Just setting up shorts for slaughter unfortunately...I've seen this movie.

Pure Evil's picture

That's what happens when you come out with good economic numbers.

Should have come out with negative numbers the Dow would have climed 3000 points.

mt paul's picture

tough day

in Econistan ...

Mentaliusanything's picture

UNPOSSIBLE.... MORE QE Drug needed..Mainline it Yellen

Tall Tom's picture

Need MOAR QE from the HOAR.

 

Must have MOAR, HOAR, so the Dow will soar.

 

MOAR...Must have MOAR...

CheapBastard's picture

"No one saw this coming."

balolalo's picture

WW3 can get going much faster than the other fast start, World War 1 ...and saddly much deeper than the deep cuts of World War 2.   

"those missles are getting kind of old, better use'em or loss'em" -some oligarchs whispering amongst themselves, untouchables and hidden 

where? True deciscions like this are made by gentlemen on the boat in places like St. Moritz, or sun bathing in the Hamptoms,  (where's golfing obama going these days?)

Secret meetings with orders to be doled out by the respective executives... looks like a deep culling from every angle is what has been offered to humanity by all parties.  

Arrogant Greedy Maniacs with tons of nukes, chems, plagues... and this time climate change/ecocide is in the mix

WW3 is gonna be a real clusterfuck, real fucking quick because some people don't want to take a haircut/border-cut. 

Tall Tom's picture

Yeah. BTFD

 

Onward...forward...

 

Left (Right) Left (Right) Left Right Left

Left (Right) Left (Right) Left Right Left

Left (Right) Left (Right) Left Right Left

 

March right off of that fuckin' cliff.

 

It is a good...

 

Left (Right) Left (Right) Left Right Left

Left (Right) Left (Right) Left Right Left

Left (Right) Left (Right) Left Right Left

 

March onward into the abyss for your deserved destruction!!!

 

Yeah!!! Collapse baby collapse.

 

(Do not worry. It will bounce off the 200dMA. The Dead Cat is all but expected. There is still some life yet...for a short while.)

ChartreuseDog's picture

You're confusing "ergodic" with erotic.

 

Divided States of America's picture

looks like the Plunge Protection Team is on red alert right now

while

Purge Protection Team is relaxing over in Liberia.

Greenskeeper_Carl's picture

ya i was waiting for the 330 ramp, what the hell. my prediction is a further drop tonight then a nice ramp/short squeeze on friday. cant have it red going into the weekend. Also, a nice 1.6 bil gold dump early in the AM sometime.

flacon's picture

Join the suicide wagon with me and go long Gold here!

Say What Again's picture

Hey Tyler,  Can you set up a daily post where we can discuss the price of gold/silver coin/bar (bought & sold) transactions that are actually taking place?  I'm really curious to know the price people are getting on the bid / ask for PM at their favorite dealers.

Greenskeeper_Carl's picture

havent bought any gold lately, but im paying 24 for buffalos and generic bars, 25 for eagles, maples, philharmonics. i think the 10 ounce bars are a bout 230. thats all ive ben buying lately, anyway, not sure about junk silver or anything else

Tall Tom's picture

Join this Forum and start a thread in the Gold Discussion Group...

 

Downside is that it has a Seven Day Waiting Period before you can post.

 

It is a motely crew over there and you cannot cuss and swear as it is moderated...but they are really good people...other than the trolls and shills.

 

https://www.kitcomm.com/

unrulian's picture

Join the suicide wagon with me and go long Gold here!

Right....that wagon lost lost its wheels and burst into flames a long time ago, i'll gladly lay in it's ashes with you

Headbanger's picture

Well fuck me for jinxing an earlier ZH post today saying I expected a bounce

http://www.zerohedge.com/news/2014-07-31/all-major-us-equity-indices-are...

Looks like the jinx rules work after all!

Say What Again's picture

You might want to look around your office for hidden cameras and microphones.  I know my office is bugged because everytime I place any order (buy or sell), someone "sees" me do it and then they beat me to the top of the book.  This is really getting me mad.

Headbanger's picture

No I think it's cause my tin foil hat has a few holes in it from banging my head on the keyboard so much'

Cause it feels so good when I stop!

espirit's picture

Told ya'll to exit yesterday and the reasoning why.

i.e. Banco Espirito, Argentinian default, Putin not importing US inflation, etc, etc.

Not to mention all the fucked up lies being told that noone can even keep track of.

I wouldn't even buy this dip with other peoples money.  Get.out.now.  

toady's picture

After all the bad news this morning I was sure it would jump 300 or so. When is bad news good and good news bad? Sure glad I don't trades this shit.

Peak Finance's picture

I am watching this bitch all day yawning and going, 

 

"ok where's the ramp"  "Any minute now!"

 

Truth is this 300 point loss will be a 7 point gain by Tuesday and almost full reverals by next Friday.

 

This bitch is NEVER going down, hyperinflation is the only exit. 

Rainman's picture

Well done, brave soldier ! Carry on !

disabledvet's picture

Where are the peak oil freaks again?

zorba THE GREEK's picture

I'm going to invest in body bags. Something tells me there is about

to be a world-wide shortage.

zorba THE GREEK's picture

The PPT  at the Feds trading desk will take the edge off that drop in the last 20 minutes of trade.

It is amazing what can be done when you have a money printer.

Goldbugger's picture

Not this time,it's the real thing, the warning was sent out last week. I got the memo and sold,

Berspankme's picture

Should I buy the dipper?

mt paul's picture

take the money give it to the old lady

let her strut away with it, in heels and a short little skirt

 

i'll just step back and enjoy the view...

Thought Processor's picture

 

 

Long live Ron Burgandy- that quote never gets old.

Bosch's picture

The one and only redeeming thing from that movie. 

Quus Ant's picture

The street fight was epic, but would have been better with western bankers(western mafia) vs. russian mafia (eastern bankers).

JRobby's picture

You did not benefit from the nap?

Thought Processor's picture

 

 

Let us not forget the 'Afternoon Delight' musical interlude.

 

Or the Yazz Flute.

orangedrinkandchips's picture

Relax......This market is STILL MANIPULATED......nothing has changed!! it's all good still.

 

Kevin Henry might do some O.T.

 

 

huggy_in_london's picture

Nah the tipping point has been reached... they tapered, we got to barely any QE ... and now there will be a stampeed for the door in stocks and HY... watch the rush into bonds after the next 4 or 5% decline in spoos.  One last massive bond blow off to come.  

Dr. Richard Head's picture

Barely any QE unless you count discount window operations, ZIRP, Reverse-Repo, and Belgium.

css1971's picture

How big is QE these days? I haven't been paying attention for a few months. ...

 

When $55 billion a month isn't enough.

PlusTic's picture

REAL FUKKIN SHAME...talk to me when we trade 1500 in SPX

pods's picture

Maybe the DOW has Ebola?

pods

Bosch's picture

You know that your user name is posted above your comment already, right? 

Dr. Engali's picture

You know that your asshole is located right above your neckline, right?