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Russell 2000 Collapses To Negative Year-over-Year For First Time Since 2012
From a 40%-plus year-over-year in late Dec 2013, the Russell 2000 small-caps index has just hit a crucial milestone to trade negative year-over-year.
This is the first time since mid-2012 that small-caps have been under-water year-over-year and what saved them then was the promise of QE4EVA...
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While Trannies are still up over 11% year-to-date, Russell 2000 is now down over 6.8% and The Dow is rapidly heading red YTD...
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How far can it go?
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Plunge Protection Team to house boy:
Hey Prez, time to announce more bad news and attack Russia/China, need help propping up this POS market.
Tyler the new Gartner?
Send us an email before you post these so we can trade it
Too much bearish gloating.... the HFT algos will pump the shorties to poverty soon enough...
there are always bounces along the way. and then the big flush when they bull trap has been filled.
Is It Time probably too soon to bring the gerber whore back but hey just in case he's due to make an appearance.
meanwhile Turkish MPs are discussing authorizing the military to invade syria. but wait, look over there.... Ebola....
http://www.presstv.com/detail/2014/10/02/380805/turkey-mps-discuss-syria...
would not bet against it
last go round i initiated my first short christmas eve 2007
this go round?
i'm staying far far far away from markets
Get your money out, convert most of it to PM's, beans and bullets and then sit back and watch the show....
Just as much to be made on the way down as on the way up, makes no difference to the banksters.
Nor to individuals, if you can go short, or just stay delta neutral. Brokerage platforms these days are excellent -- as good as or better than what professionals used to have -- and commissions lower than ever.
While it does not mean that the Fed is not printing, it does appear that POMO is indeed ending. If the Fed is still printing, it is going into channels that cannot inflate the stock market. (Brussels?)
Get to work Mrs. Chairwoman.
I thought it was Mr. Chairwoman. Isn't it?
I vote for "it" myself..
In the words of the late, great Kenneth Lay, "We're going to get the stock price up."
late for what? We never saw the body.
look for Corzine ... probably filling out his 4some ...
an S&P drop to 1700 is still far above fair value. that's still nearly 3 times its 2009 low.
Tepper?
nothing would warm my heart more than HY blowing sky high
well now, this is exciting
Loving my treasuries....
Yep
i've been calling 1% on 10yr for years
i had to laugh back in the spring (i think) BoA did a survey of "experts" ... EVERY single one thought rates would be higher in coming months.
summer of 2013 "experts" tripping over themselves with "normalization" calls of 3.5% to 4% on 10yr
Dopes ... all of them
Remember when High Yield used to be High Yield...
i ran "covenant lite" thru my codebreaker
came back
"here is a sh!t sandwich, enjoy"
It's been a while since I've heard the phrase "year over year" being used in the context of declines. Year to date? Maybe a few times, but until today, hardly anything broke red on a 12-month chart. Most major indices are still green. Tomorrow could be a rally for all we know (I pray there isn't).
One thing I do like seeing is - oil going down and gold not following. If they both went down 3% on the same day and then kept echoing, I'd be worried. It has been trading like a commodity throughout last year, not as a "D-word" insurance. Last 2 days calmed me down.
Each time the stocks tuble ZH comes to life, and I like reading about the actual economy better than seeing bent phones or "banking bad, sky is blue" artices grace the front page day in and day out.
Get to work Mr Marcus
Hey what if Tyler is actually Gartman?
While Tyler points out an important fact many plan sponsors are no doubt noticing (and perhaps planning future trimming on rebounds), from a daytrading perspective, IMO, the S1 pivot hit before lunch likely marks a signficant interim low for at least a few days, so I'm long and expect we could end the day not only modestly in the green but, depending on the number of doomsday shorts captured, could completely traverse the hourly channel for which my handle is named by day's end. One's never certain regarding the Russell, of course . . .
big ol dbl head & shoulders top in R2K measures down to 95 me thinks it stinks