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This Is What a 4% Market Drop From All Time Highs Does To Investor Sentiment

Tyler Durden's picture




 

The S&P 500 is 4% from its all-time highs and CNN's Fear & Greed Index did this...

 

 

Complacency?

 

Source: CNN

 

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Thu, 10/02/2014 - 15:28 | 5281421 slotmouth
slotmouth's picture

It's still in beta...

Thu, 10/02/2014 - 15:29 | 5281425 Divided States ...
Divided States of America's picture

Again....its CNN so why bother with it.

Thu, 10/02/2014 - 15:36 | 5281483 Publicus
Publicus's picture

Ebola will fix this

Thu, 10/02/2014 - 15:38 | 5281501 kliguy38
kliguy38's picture

they ain't seen fear yet...... watch what they do after they squeeze the shorts tomorrow........next week will be a doooozy for fear

Thu, 10/02/2014 - 15:40 | 5281522 Zhuge Liang
Zhuge Liang's picture

do algos feel fear?  think i caught a japanese sci fi flick about that last year.

Thu, 10/02/2014 - 15:54 | 5281576 ACP
ACP's picture

Yep, humans are conditioned to go bat shit crazy when the market goes down 4%. Let's see what happens when one EBT payment is missed, shall we?

Thu, 10/02/2014 - 16:40 | 5281822 Keyser
Keyser's picture

I predict the Dow will hit 20,000 when the Misery Index hits 100%... 

 

Thu, 10/02/2014 - 16:59 | 5281909 gold-is-not-dead
gold-is-not-dead's picture

and dow to xau ratio 1:1

Thu, 10/02/2014 - 17:00 | 5281915 Winston of Oceania
Winston of Oceania's picture

Recall what happened to Walmart when the EBTs quit working during the budget impass a couple years ago. It was not a glitch but rather a warning from left to right, a threat, blackmail...

Thu, 10/02/2014 - 15:39 | 5281504 NotApplicable
NotApplicable's picture

Suddenly... BEARS!

Thu, 10/02/2014 - 19:45 | 5282513 mt paul
mt paul's picture

Bears

where......

Thu, 10/02/2014 - 15:36 | 5281492 Stackers
Stackers's picture

What happens when it hits zero ?

Thu, 10/02/2014 - 15:57 | 5281593 gdgenius
gdgenius's picture

Pitchforks...

Thu, 10/02/2014 - 15:38 | 5281496 NoDebt
NoDebt's picture

I just added it to my bookmarks bar at the top of my browser window.  That's going to come in handy someday.  Like when I need to show somebody a concrete example of insanity.

Thu, 10/02/2014 - 15:48 | 5281547 GUS100CORRINA
GUS100CORRINA's picture

I agree ... CNN not a trust worthy reporting organization. CNN has prostituted itself along with the rest of the liberal media. As the old saying goes: "Figures lie and liars figure."

Thu, 10/02/2014 - 15:53 | 5281575 PoorMan429
PoorMan429's picture

Dino, is that you?

Thu, 10/02/2014 - 15:55 | 5281582 Stoploss
Stoploss's picture

Turner had to steal info from the press pools to get CNN up and running. Otherwise, it would not exist today.

Since inception, the figures indicate that very thing.

Bexause the figures don't lie Ted, and liars can't figure...

Thu, 10/02/2014 - 15:41 | 5281521 thunderchief
thunderchief's picture

There has never been much volume in this market. So if a fraction of money is pulled out it could lead to much greater declines.

I would say maybe 2% can escape, and the rest take the ride straight to the bottom and stop losses don't work. Of course at the bottom will be the Warren Buffets buying at Book value.

It's funny to see so many billionaires on mainstream TV warning of danger, but they always leave that caviot, "It's still got a ways to go, so don't pull out just yet'.

Of course not, they need you in, as they are too busy getting their 2% out.

Thu, 10/02/2014 - 15:30 | 5281436 Gen.Ackbar
Gen.Ackbar's picture

It's a Trap!!

Thu, 10/02/2014 - 15:32 | 5281465 NoDebt
NoDebt's picture

That line still works.

Thu, 10/02/2014 - 17:04 | 5281933 Winston of Oceania
Winston of Oceania's picture

If only Vlad had taken heed, I told him it was a trap with Crimea as cheese.

Thu, 10/02/2014 - 15:39 | 5281515 Caveman93
Caveman93's picture

You mean "It's a TARP!" ....right? :)

Thu, 10/02/2014 - 15:30 | 5281437 aliki
aliki's picture

need more proof the public sector does it better?

Chicago Pension Deficit More Than Tripled Since 2003, Group Says
http://www.bloomberg.com/news/2014-10-02/chicago-pension-deficit-more-than-tripled-since-2003-group-says.html

Thu, 10/02/2014 - 15:31 | 5281450 Temporalist
Temporalist's picture

I believe Bernank can fix this in 15 minutes.  *turns dial to the right*

Thu, 10/02/2014 - 16:43 | 5281843 Keyser
Keyser's picture

Bailing wire and chewing gun aren't going to fix it this time... it's going to take some serious mojo to keep this bitch on the tracks... The crash is going to be spectacular!!!

Thu, 10/02/2014 - 15:31 | 5281456 replaceme
replaceme's picture

Long Fear!

Thu, 10/02/2014 - 15:32 | 5281461 NoDebt
NoDebt's picture

Perfect chart for this era.  A DAILY greed/fear indicator that swings wildly over short periods of time.

I am TOTALLY investing based on that.  TOTALLY.

Thu, 10/02/2014 - 15:55 | 5281577 Al Huxley
Al Huxley's picture

I can't decide - should I be a contrarian and go long today, or a trend follower and short?

Thu, 10/02/2014 - 15:58 | 5281598 fonzannoon
fonzannoon's picture

I have it on good authority that the correction is over. The only thing left  to do is smash gold sub $1,000

Thu, 10/02/2014 - 16:06 | 5281641 Al Huxley
Al Huxley's picture

Steve D'Angelo did a good piece today on how the silver miners have increased production, while increasing losses.  Well done boys, well done!  The only way you'll ever get out of the hole you're in is to dig faster! 

 

LOL, why would I waste my time top calling the official 'alls well policy tool' of the Fed and the Govt when they've GIVEN us all an officially sanctioned 'marked for death' sector, who's executives have proven themselves time and again to be utterly incapable of thinking their way out of the trap they're in?

Thu, 10/02/2014 - 16:08 | 5281657 fonzannoon
fonzannoon's picture

You have to wonder if these exec's are being paid by someone to do this. Nobody would run a business this way.

Thu, 10/02/2014 - 16:10 | 5281673 Al Huxley
Al Huxley's picture

I'm planning to ask one of them in a couple of years when I'm buying coffee from him at the 7-11.

Thu, 10/02/2014 - 16:19 | 5281722 NoDebt
NoDebt's picture

Al, as a friend, I'm concerned about your fixation with the mining companies.  You really need to take a step back from that.  They've NEVER been run in the interests of the shareholders.  Frankly, I think the people working there carry half the product out in their pockets every day.

Are you sure you wouldn't be more interested in a REAL business like AMZN or NFLX or GPRO?

Thu, 10/02/2014 - 16:45 | 5281850 Keyser
Keyser's picture

GPRO is more like a YOYO... Up 10% one day, down 9% the next... 

Thu, 10/02/2014 - 18:32 | 5281920 Al Huxley
Al Huxley's picture

I know, that's what makes them such great shorts.  They're actually producing MORE as the price goes down, they're INTENTIONALLY increasing their losses!  And the sector's full of eternal optimists, so you can pick half a dozen of them, and one or two will ALWAYS buck the trend and temporarily trade up 3% intra-day, before reverting to the mean and collapsing.  I took a pretty good hit on them in 2013, but I tell you, as long as they continue to operate the way they are currently, shorting them is as much a lock as hunting fucking cows in a feedlot.

 

And I'd LOVE to have a stake in the new economy, honest - I just can't figure out which of the 100x+ forward PE superstars I feel most passionate about supporting.  I just wish aunti Janet would provide another update, I really need to hear more about the profit-earnings ratio, and how to effectively use it in stock selection.

Thu, 10/02/2014 - 15:34 | 5281467 syntaxterror
syntaxterror's picture

Here's an idea, get the clown than runs the fed to utter they'll do "whatever it takes" to levitate the market. Then there will be all time highs by end of week.

Thu, 10/02/2014 - 15:34 | 5281469 stopthejunk1
stopthejunk1's picture

As if there were some reliable, scientific or objective or even consistent way to measure "greed" and "fear."

What units do you use? Grams of greed? Furlongs of fear?

What a bunch of balderdash.

Yes, all significant market moves are driven by animal spirits. No, the spirits cannot be measured -- except by spitting in the wind, or licking your finger and holding it up, etc. Also, all of economics is exactly the same way, despite all the bullshit "mathematical models" that every (American) economist masturbates about.

Thu, 10/02/2014 - 15:39 | 5281508 Pantalone
Pantalone's picture

Extreme!  Do the Dow! 

Thu, 10/02/2014 - 15:43 | 5281532 Dungholio
Dungholio's picture

All good things... All good things.... Look, a squirrel!

Thu, 10/02/2014 - 15:45 | 5281539 NOZZLE
NOZZLE's picture

Fucking porsche buying pussies, you had a free ride with money stuffed in your pockets knowing full well you could not trade your way out of a wet paper bag.

Thu, 10/02/2014 - 15:46 | 5281540 Spungo
Spungo's picture

At least the investors are not retarded. They should be scared. Leverage is at an all time high. If this starts to unwind, it will unwind extremely fast. If it doesn't unwind, it could keep going up a bit more. You can never time the market perfectly.

Thu, 10/02/2014 - 15:48 | 5281543 buzzsaw99
buzzsaw99's picture

That yellenator is out there. It can't be bargained with. It can't be reasoned with. It doesn't feel pity, or remorse, or fear. And it absolutely will not stop, ever, until the short sellers are dead.

Thu, 10/02/2014 - 15:51 | 5281558 Al Huxley
Al Huxley's picture

LOL - She LOVES short sellers - she feeds on short sellers, like a dragon feeds on sheep.

Thu, 10/02/2014 - 15:48 | 5281545 Kaiser Sousa
Kaiser Sousa's picture

presented with only the following comment ( "yeah, fucking sure moron")
i give you CnBS and $600 paper price of Gold....

http://video.cnbc.com/gallery/?video=3000316674

enjoy.

Thu, 10/02/2014 - 16:22 | 5281731 jmcadg
jmcadg's picture

Fuck me Kaiser, that guy is a complete tool. Complete fuckin' shit eating tool. Not just because the call is absolute nonsense, but it doesn't even fit his research. Got to say though, he made a great call two years ago going bearish on gold, oh please, this guy sounds (and strangely) looks like Blo Pony!!! But his 'reasoning' that only QE would make gold climb. Hell the fuckin' lo you dickwad, are you saying that isn't happening now. Puuuurrrrrlllleeeeeeaaaasssseeee.

Keep stacking dude.

Thu, 10/02/2014 - 16:28 | 5281770 Kaiser Sousa
Kaiser Sousa's picture

no doubt.

Thu, 10/02/2014 - 15:48 | 5281551 vote_libertaria...
vote_libertarian_party's picture

SQUIRREL!!

Thu, 10/02/2014 - 15:53 | 5281570 aliki
aliki's picture

which mafia wins in a street fight? italians or russians?

Russian Gas Flows to Italy Fell to 4-Year Low Last Month
http://www.bloomberg.com/news/2014-10-02/russian-gas-flows-to-italy-fell-to-4-year-low-last-month.html

Thu, 10/02/2014 - 16:17 | 5281711 Kreditanstalt
Kreditanstalt's picture

Those were "investors"?  Or bettors?)

Thu, 10/02/2014 - 16:23 | 5281736 rsnoble
rsnoble's picture

Shows how spoiled particiapants have got.  In other words.........no fucking market.

And yes, i'm talking about all 7 participants. LOL.

Thu, 10/02/2014 - 16:35 | 5281793 palmdetroit
palmdetroit's picture

Can't wait for the 40%

Thu, 10/02/2014 - 19:19 | 5282452 d edwards
d edwards's picture

We have nothing to fear but extreme fear itself! WTF ever THAT means.

Thu, 10/02/2014 - 16:52 | 5281872 netpounder
netpounder's picture

Can they digitize Ebola to infect the algos manipulating this market?

Thu, 10/02/2014 - 17:34 | 5282015 Ghostdog
Ghostdog's picture

I think this chart is way more accurate!

 

https://www.flickr.com/photos/127298324@N03/15422657732/

 

Thu, 10/02/2014 - 19:51 | 5282528 mt paul
mt paul's picture

sitting on

half a mountain of silver

fearless...

Fri, 10/03/2014 - 00:19 | 5283275 fibonacci's claus
fibonacci's claus's picture

sofa king extreme

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