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A Stunned Wall Street Reacts To Today's Epic Move

Submitted by Tyler Durden on 10/15/2014 10:48 -0400

The first report summarizing today's stunning market action comes from FBN's Jeremy Klein, who is out with this blurb:

In the first 15 minutes of trading the S&P 500 E-Minis traded below the S&P 500 cash index despite a fair basis, according to Bloomberg, of -6.72. This is unheard of and something I have never witnessed in my near fourteen year career on the Street. I can only conclude that many large institutions threw in the towel on the Open in wake of the dislocations in not only stocks but also treasuries.

As a result of the whiplash, Klein, who just over a month ago first, and so far only, called for a bearish correction, has turned bullish again because he now expects "a likely positive Fed meeting on October 29 to help fuel a Santa Claus rally." So, QE4 then?

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Wed, 10/15/2014 - 10:50 | 5334031 freedogger

I guess they don't watch South Park

https://www.youtube.com/watch?v=-DT7bX-B1Mg

Wed, 10/15/2014 - 10:50 | 5334037 nope-1004

"Epic moves" are expected during "unprecedented interference".

There is no market.

Wed, 10/15/2014 - 10:53 | 5334065 Infinite QE

Precisely. Just New Bolshevik policy to leave the impression that there is still a democratic, market economy in place.

Wed, 10/15/2014 - 10:57 | 5334078 Divided States ...

Its about time those greedy muthafuckin bastards on WS are STUNNED for once....I have been STUNNED (and mesmerized) for over the past 6 years already. I am sure the Federal Reserve Bank of NY employees are all GREEN LIGHT on their Bloomberg terminal buying stocks hands over fist right now...and even that, not much of a big rebound so far.

Wed, 10/15/2014 - 11:06 | 5334137 Spastica Rex

Rich guys havin' a bad day?

Awww.

Wed, 10/15/2014 - 11:09 | 5334159 El Vaquero

Depends on which rich guys you're talking about. I bet quite a few in the top 0.01% are profiting handsomely from this.

Wed, 10/15/2014 - 11:13 | 5334169 The Merovingian

When any chief strategist has only 14 years of experience that should be a sign in and of itself to run like hell the other way.

Wed, 10/15/2014 - 11:14 | 5334179 DeadFred

The guy thinks the market will make it to the 29th. LOL

Wed, 10/15/2014 - 11:16 | 5334197 Temporalist

Oh how we all long to hear the calming words of Tom Lee..."S&P to 3600"

Wed, 10/15/2014 - 11:31 | 5334287 SMG

I think Klein is right. They're probably going to come in and bail it out again near the end of October. I mean look at all the panic from just a few percent loss. I don't think the big one is coming until the end, maybe late next year.

Wed, 10/15/2014 - 11:59 | 5334422 Keyser

Stunned? Only a fool didn't see this move being telegraphed... They will let the markets slide until QE4 must be implemented... QE to Infinity and Beyond!!!!

Wed, 10/15/2014 - 12:09 | 5334528 SAT 800

It's as likely as anything else; but we really don't know and can't place bets on it. I like the part about only a fool not seeing the downwash being telegraphed; yes, that's true; but most of these "professionals" are fools.

Wed, 10/15/2014 - 12:13 | 5334552 Haus-Targaryen

I for one hopes they can kick the can another 1-2 years.

Wed, 10/15/2014 - 12:34 | 5334733 SWRichmond

"It's free...swipe your PPT"

"All you got to do is (lobby)...and you gettin' the big bucks"

"This is where the taxpayer money go"

https://www.youtube.com/watch?v=NzspsovNvII

Wed, 10/15/2014 - 12:53 | 5334936 indygo55

Man! That video pisses me off!!

Wed, 10/15/2014 - 13:07 | 5335073 redpill

Cue the deer and donkey kong!

Wed, 10/15/2014 - 12:36 | 5334763 SAT 800

I'd give it 90% odds on the yes, for that.

Wed, 10/15/2014 - 12:51 | 5334905 dontgoforit

The Fabian methodology is working. Slowly boil the peeps so they don't realize they've been cooked.

Wed, 10/15/2014 - 13:20 | 5335162 pot_and_kettle

And this douche predicted this last night

http://www.cnbc.com/id/102087918

Wed, 10/15/2014 - 13:19 | 5335160 PrecipiceWatching

Me too.

I haven't closed on my farm/REAL wealth shelter/fallback refuge yet.

Wed, 10/15/2014 - 12:13 | 5334553 kaiserhoff

For the benefit of those who are not arbs or have never traded futures, this is FREE MONEY!

To cash in on it, you would need a hedge account, and trade both cash and futures, more or less at the same time, BUT as Tyler points out, this should not happen.

I love the smell of napalm in the morning;)

Wed, 10/15/2014 - 11:58 | 5334427 Four chan

lol i think about the young btfd traders suckled by the fed the last 6 years who have never seen a "market". welcome to the market noobs.

Wed, 10/15/2014 - 11:16 | 5334193 Richard Chesler

I can conclude the Obongo farce is becoming unglued.

Wed, 10/15/2014 - 11:31 | 5334294 SMG

Get it right it's Obola.

Wed, 10/15/2014 - 13:02 | 5335021 Not My Real Name

Obongo. Obola.

WHAT DIFFERENCE DOES IT MAKE?!

Wed, 10/15/2014 - 13:14 | 5335124 screw face

@Zerohedge Obola

Wed, 10/15/2014 - 12:36 | 5334769 glenlloyd

only 14 years?

Wed, 10/15/2014 - 12:37 | 5334770 glenlloyd

Wed, 10/15/2014 - 13:10 | 5335088 post turtle saver

no kidding... if you weren't around starting at '85 to experience '87 when you were still young and fresh, then you don't have the necessary background imho

Wed, 10/15/2014 - 11:48 | 5334376 SAT 800

Any wind blows someone's ship in the desired direction. I just cashed in my GBP shorts, I ended up with a pair, as I added on one; they were Dec.'14 contracts; +11,250$. I short GBP again probably in the June '15 contract when it has a rally. it's in a beautiful 45 degree down channel; this is a currency which represents a country without an economy; supported by the "financial industry?". Anyone like the under on this currency ? Bwa=ha-ha. I sure do. Ordinary people like you El Vaquero are profiting too; it's just a question of being short soon enough so it's not dangerous. Like right now; you can't enter the market on either side.

Wed, 10/15/2014 - 11:57 | 5334433 El Vaquero

I'm not in this market because of the simple fact that I'm not an insider. I would have profited had I jumped in several months ago as I would have gone long USTs. IMO, it would be best for those who have done what I would have done to hold on for a while longer, but I have to admit, I'd be very tempted to take profits before the next FOMC minutes are released, and I wouldn't call anybody foolish or cowardly for doing the same.

Wed, 10/15/2014 - 12:14 | 5334557 SAT 800

T he idea that it's necessary or important to be an insider is not true. There's no such thing as a bad profit, and I like the way you think about taking profits on your, shall we say, practice, bond buy. There are a lot of markets; not just Stocks and Bonds. Sometimes just looking at the price charts is a religious experience; you can see that the herd has all done the same thing already; and you just do the opposite. What I'm trying to say is; instead of trying to predict the future, just react to the present.

Wed, 10/15/2014 - 12:40 | 5334798 pot_and_kettle

It's not about " rich guys " having a bad day.

It's about cockroaches in the form of men enriching themselves dishonestly and at the expense of the most of us.

Wed, 10/15/2014 - 12:35 | 5334748 TheMeatTrapper

Down 300 today. Another 8,000 or so to go.

Wed, 10/15/2014 - 13:05 | 5335052 cro_maat

Agreed. To put it into perspective, the 1987 Black Monday 500+ point down day was the equivalent of 4,000 to 5,000 on the Dow today.

TMT - I skinned my first buck of the season last weekend and am enjoying the venison tamales.

Wed, 10/15/2014 - 11:10 | 5334082 TruthInSunshine

Just wait until CBs ensure there is liquidity but no market makers assume the position and, further, there's a buyers strike.

Intel should beat the rush & repurchase the rest of its publicly traded stock, thus taking itself private.

Wed, 10/15/2014 - 12:58 | 5334981 dogfish

I wonder if this could be adding to the crude oil panic.

http://rt.com/news/196088-russia-hybrid-nuclear-reactor/

Wed, 10/15/2014 - 10:53 | 5334070 LULZBank

http://www.youtube.com/watch?v=g_rWja1Xiu8

Wed, 10/15/2014 - 12:05 | 5334489 Keyser

More like...

https://www.youtube.com/watch?v=7WAwuSK36Gw

Wed, 10/15/2014 - 10:53 | 5334075 Mr Pink

Everyone have their DOW 15,000 hats ready??

Wed, 10/15/2014 - 11:01 | 5334106 Dr. Richard Head

S&P 1,500 is my medium term forecast. Let it bleed.

Wed, 10/15/2014 - 11:09 | 5334156 gatorengineer

If it bleeds you can kill it.....

Wed, 10/15/2014 - 11:27 | 5334265 BandGap

And after that -

"get to the chopper!"

Wed, 10/15/2014 - 11:33 | 5334309 firstdivision

Clearly not a married guy.

Wed, 10/15/2014 - 12:19 | 5334596 Maxter

If it bleeds it must be ebola.

Wed, 10/15/2014 - 11:02 | 5334117 fuu

I'm hoping to dust off my vintage DOW 10,000 hat.

Wed, 10/15/2014 - 11:19 | 5334208 DeadFred

S&P 1000 hat is all set. Big events go where they want to go not where you expect them. We are at the start of a big event I believe.

Wed, 10/15/2014 - 11:58 | 5334436 SAT 800

It 's important to remember that no one reallys knows at this point.

Wed, 10/15/2014 - 10:54 | 5334077 Doubleguns

At what point do they just give up on humpty dumpty and realize they can not put him back together again.

Wed, 10/15/2014 - 11:03 | 5334118 Tall Tom

Just reading the headlines reminds me of watching a Rocky and Bullwinkle cartoon and hearing the narrator speak...

Greece is crahing

The Bond is at the 1% handle

Marketwatch is offline.

S&P 500 is negative for the year

Second Ebola case in Texas

Meanwhile...at Central Command.

Yeah..Watching a horror episode of Rocky and Bullwinkle at that.

"Rocky...Watch me pull a rabbit out of my Hat

Buckle up my sleeve

And presto...

Ooops. Must have grabbed the wrong hat."

This is almost humorous...the keyword being almost...which means...NOT.

(You almost made it means that you did not make it.)

Wed, 10/15/2014 - 11:30 | 5334272 BandGap

"Nothing up my sleeve"

Buckle up my sleeve?

Wed, 10/15/2014 - 12:07 | 5334504 StupidEarthlings

Thats funny right there..

How some people get through life sometimes is beyond me...

Wed, 10/15/2014 - 12:23 | 5334638 xtop23

Its like when my wife sings, " big, ole gel hadda light on."

"Umm honey? It's big old jet airliner."

/facepalm

Wed, 10/15/2014 - 12:56 | 5334951 dontgoforit

Gonna wear out my red solo cup.

Wed, 10/15/2014 - 11:17 | 5334198 LoneStarHog

Wake me up when CNBS televises the on-air suicides of anchors and commentators... Until then: Pfffft!!!

Wed, 10/15/2014 - 14:20 | 5335750 Jack Burton

Indeed. There is no market of price discovery. That mechanism was shut down by Fed policy, QE and direct intervention. Add robot trading 80% of shares. No market, there is no market. This is a manipulation scheme gone into chaos mode.

Wed, 10/15/2014 - 11:29 | 5334274 Laughinggrizzley

14 years?! And this why we still listen to Art Cashin...

Wed, 10/15/2014 - 11:29 | 5334276 ersatz007

"Not anymore you don't - poof!"

Wed, 10/15/2014 - 12:15 | 5334570 junction

What comes after October 29? Halloween, where all the ghouls come out to play. Texas is getting in on the party early, with the Ebola ghouls having a field day. I can't wait to see the surprise that awaits Wall Street. Projectile vomiting on the trading floor from an infected employee? Only time will tell, in less than two weeks. Too bad I can't afford to buy an Ebola getaway in Hawaii.

Wed, 10/15/2014 - 13:33 | 5335152 ZH Snob

the dog shakes off its fleas then returns to the pile of shit he enjoys rolling in and gets more to take their place. afterwards, he spends a good hour intermittently chasing his tail and shaking off fleas.

the mooch trusts his broker. after all he's made him a fortune so far. and darn he wasn't right saying to hold on to those equities in 2008.

who's smarter the mooch or the dog?

Wed, 10/15/2014 - 10:50 | 5334033 X.inf.capt

geez...

we never saw this coming...

Wed, 10/15/2014 - 10:53 | 5334061 Long-John-Silver

We always never see what's happening, until it does.

Wed, 10/15/2014 - 11:15 | 5334176 El Vaquero

We on ZH saw it coming. We just couldn't time it worth a shit, and a rabbit may be pulled out of the hat yet, though I have to question just how close we are to margin calls getting to the point of causing a cascade effect and ripping some fucking faces off.

Wed, 10/15/2014 - 16:16 | 5336797 armageddon addahere

ZH saw this crash coming, and 3000 other crashes that didn't happen in the last 5 years.

Wed, 10/15/2014 - 11:55 | 5334417 SAT 800

Ah; but we did. and "WE" knew we should short the S&P; and WE did. Right now, we just have to wait and see. If the thing gets nice and high again, you can short it again. Meanwhile, if you had a futures account, you could short Feeder Cattle, basis Apr.'15 and not have anything to worry about. The stock market is very, very, difficult compared to certain futures markets; which offer obvious opportunities every once in a while. Seriously; Zero Hedge ran a long series of articles about very significant market topping indicators; there was plenty of advance notice.

Wed, 10/15/2014 - 10:49 | 5334034 TheElder

QE to the moon, Alice!

Wed, 10/15/2014 - 10:51 | 5334043 fuu

http://www.zerohedge.com/news/guest-post-big-print-coming#comment-2460267

Wed, 10/15/2014 - 10:52 | 5334054 LULZBank

Classic post!

Wed, 10/15/2014 - 11:04 | 5334126 Cognitive Dissonance

It was certainly one for the books.

Wed, 10/15/2014 - 11:05 | 5334138 fuu

"Say brother, can you spare a radish?"

Wed, 10/15/2014 - 11:07 | 5334145 Spastica Rex

But he said none of it would be written down.

Wed, 10/15/2014 - 12:10 | 5334533 Keyser

I believe he meant that after the event horizon, no one will care about the caue of the crash because they will more worried about staying alive...

Wed, 10/15/2014 - 12:03 | 5334474 SAT 800

Well, I remember black Monday, 1987 very clearly; the Dow went down 500pts. or something; every once in a while, something interesting happens in the Stawk Market to break up the boredom. At that time, I had no quote system and had to trade by telephone with Chicago, and I had to ask 3 questions of my broker, (also a friend), before I knew what to do; in the next four days, I made enough to take off for the Winter in Mexico. It is one for the books, but they happen over and over again. the big clue is when everyone says, oh, the market is going up forever, because-----?, the Fed's printing; whatever; all the explanations are false. they always have been.

Wed, 10/15/2014 - 12:04 | 5334490 SAT 800

I find it at least as remarkable that Silver was selling for $4.35/oz. on some days in 2001; it's amazing the degree to which herds demonstrate herd behaviour.

Wed, 10/15/2014 - 12:12 | 5334542 Keyser

Humans are not that far removed from swinging in the trees and we are a tribal species after all... Tribes normally move in unison...

Wed, 10/15/2014 - 12:17 | 5334586 SAT 800

Yes; and we like to pretend otherwise; which makes all this possible.

Wed, 10/15/2014 - 12:32 | 5334723 RockyRacoon

Yup. cougar_w hit the nail on the head. It's all about perspective.

Wake me when the DOW is down 5,000....

zzzzzzzz.....

Wed, 10/15/2014 - 12:42 | 5334801 TheMeatTrapper

I agree. Down 300 on a 16,000 DOW and they are "stunned". I'll 'buy the dip' when we have a 50% correction and suits are splattered on the ground.

Wed, 10/15/2014 - 12:42 | 5334806 TheMeatTrapper

I agree. Down 300 on a 16,000 DOW and they are "stunned". I'll 'buy the dip' when we have a 50% correction and suits are splattered on the ground.

Wed, 10/15/2014 - 11:16 | 5334196 joego1

I think that sums up mans inhumanity to man nicely.

Wed, 10/15/2014 - 10:51 | 5334045 Bituminoid

I carry gum in my pocket so my money always smells freshly minted...

Wed, 10/15/2014 - 12:08 | 5334503 SAT 800

Very good. that's pretty funny.

Wed, 10/15/2014 - 10:50 | 5334047 LULZBank

This is unheard of and something I have never witnessed in my near fourteen year career on the Street.

Yes, its called war gaming the scenario.

Wed, 10/15/2014 - 12:07 | 5334508 SAT 800

A fourteen year career? Pardon me while I laugh. That doesn't mean anything.

Wed, 10/15/2014 - 12:34 | 5334746 RealityCheque

Don't be too hard on him, he's only 17 years old.

Wed, 10/15/2014 - 13:23 | 5335218 The9thDoctor

14 years means the dot-com bubble was before his time.

Wed, 10/15/2014 - 10:50 | 5334048 SethDealer

white people problems

Wed, 10/15/2014 - 10:58 | 5334094 Bangalore Equit...

Listen Dealer.

That reminds me. One item on my "CHANGE" list is something I termed "IDENTIFIER".

I would like all Zero's to racially identify themselves at the end of each comment. All you have to do it put: White, Black, Yellow, etc.. OK? Easy! That way we'll "KNOW".

I'll start:

Indian.

Wed, 10/15/2014 - 11:02 | 5334109 LULZBank

You're not an Indian, you're an imposter.

Its not like you shake your head everytime you post something?!

Wed, 10/15/2014 - 11:35 | 5334314 Ghordius

and either a troll or a bit of a noob in search of a better suited blog for him. developing a race fetish here on ZH? ^{me? Listen, I'm as white european you can possibly be. with pedigree, whistles and bells}

Wed, 10/15/2014 - 12:01 | 5334464 The Sculptor

"I would like all Zero's to racially identify themselves at the end of each comment. All you have to do it put: White, Black, Yellow, etc.. OK? Easy! That way we'll "KNOW".

I'll start:

Moran."

Fixed

Wed, 10/15/2014 - 12:16 | 5334567 Keyser

Can I play? I am from the pink-skinned tribe which migrated to the new world from the nordic countries of Europe...

Wed, 10/15/2014 - 12:35 | 5334766 tradebot

"Can I play? I am from the pink-skinned tribe which migrated to the new world from the nordic countries of Europe... "

Sure...bring your women...brownies like em best...show us a picture of yuor sister

Wed, 10/15/2014 - 11:03 | 5334122 SWCroaker

Who cares?

Human.

Wed, 10/15/2014 - 11:12 | 5334165 Bangalore Equit...

Listen.

You'd be surprised. Now do as I ask and "IDENTIFY"!

Wed, 10/15/2014 - 11:17 | 5334202 espirit

His name is francis_sawyer.

Wed, 10/15/2014 - 11:46 | 5334371 frenzic

that's bullshit and you know it

Wed, 10/15/2014 - 12:17 | 5334577 Keyser

we are all francis sawyer...

Wed, 10/15/2014 - 11:29 | 5334280 Blues Traveler

Listen Troll.

I am blasian.

Wed, 10/15/2014 - 12:40 | 5334785 Uncle Sugar

Are you Human-American?

Wed, 10/15/2014 - 11:05 | 5334133 forwardho

Are you a white Indian?

Or a black Indian.

Wed, 10/15/2014 - 11:07 | 5334146 Trucker Glock

Saw this on an IQ test. Which doesn't fit? White, Black, Indian, Yellow.

Wed, 10/15/2014 - 11:20 | 5334207 LULZBank

Doesn't fit into what?

Wed, 10/15/2014 - 11:26 | 5334245 Bangalore Equit...

Listen Bank.

Exactly! This Glock guy is off his rocker.

Wed, 10/15/2014 - 11:10 | 5334158 Eagle Keeper

Is that native or real Indian?

Wed, 10/15/2014 - 13:20 | 5335179 marathonman

At my son's cub scout meeting they announced we were going to have a real Indian for the advancement ceremony. I immediately got the hilarious image of a guy from India with the really bad accent. Obviously that wasn't what they meant.

Wed, 10/15/2014 - 11:09 | 5334161 boodles

WASP

Wed, 10/15/2014 - 11:25 | 5334249 Global Hunter

"Recovering"alcoholic Rastafari and sometimes homoeopathic (classical) patient.

Wed, 10/15/2014 - 11:31 | 5334244 all-priced-in

Casino or Slurpee?

Wed, 10/15/2014 - 12:11 | 5334538 NuckingFuts

Feather or dot?

Wed, 10/15/2014 - 12:01 | 5334469 Wizard of Ozman

Lizzard.

Wed, 10/15/2014 - 12:32 | 5334724 tradebot

+100

Wed, 10/15/2014 - 12:44 | 5334833 TheMeatTrapper

Kinda like my wife whining that our deck (that she had to have) is so big that it's too much work to paint.Gotta chuckle at how hard some people have it.

I stuck to my guns and made her paint it herself. Maybe next time she'll heed my advice about building McMansion sized crap.

Wed, 10/15/2014 - 10:51 | 5334052 NoDebt

"something I have never witnessed in my near fourteen year career on the Street."

You'll see a lot of shit you've never seen before if you stick around, kid.

Wed, 10/15/2014 - 10:56 | 5334085 Dr. Engali

Truth!

Wed, 10/15/2014 - 11:02 | 5334111 IridiumRebel

#troof

Wed, 10/15/2014 - 11:08 | 5334149 rccalhoun

14 years aint shit

Wed, 10/15/2014 - 11:20 | 5334211 Wait What

i've got positions that are older than this guy's career on wall street... and I'm not even that old.

Wed, 10/15/2014 - 11:24 | 5334230 rccalhoun

and he's the chief trader? all he knows is the fed. the fed has made him wealthy

Wed, 10/15/2014 - 12:20 | 5334609 SAT 800

Very good. Yeah; it's kind of ridiculous, isn't it? Big whoop, his 14yr. career.

Wed, 10/15/2014 - 10:58 | 5334092 NotApplicable

It's scary to realize that there's professionals on the Street with no experience prior to Y2k, yet are allowed to spout conventional wisdom as if they know something.

Plato's "Allegory of the Cave" is certainly applicable here.

Wed, 10/15/2014 - 12:31 | 5334707 RockyRacoon

Art Cashin probably has grand-kids older than this guy....

Wed, 10/15/2014 - 10:52 | 5334055 TrumpXVI

Absolutely....Santa Claus.....Fed.....Got It!!

Buy The Dip!

Wed, 10/15/2014 - 10:52 | 5334059 LawsofPhysics

Kevin Henry missed his bus, now he wants a coffee break....

"markets"... LMFAO!!!

Wed, 10/15/2014 - 10:55 | 5334086 LULZBank

Just hope his zipper doesn't get stuck when he goes to toilet!

Wed, 10/15/2014 - 10:54 | 5334066 Dre4dwolf

The entire market is dependent on counterfeiting to keep it from crashing....

Wed, 10/15/2014 - 11:00 | 5334100 NotApplicable

Why would you use the term "market?" All that does is to provide cover for the likes of Jamie, Lloyd and the Teppers of the world.

Wed, 10/15/2014 - 10:55 | 5334067 g'kar

---> Crash in preparation (H) for rise prior to elections

---> Crash is the real McCoy

Wed, 10/15/2014 - 11:02 | 5334107 NotApplicable

C) Massive knee-jerk reactions, cuz entropy is a bitch.

Wed, 10/15/2014 - 10:54 | 5334068 Bangin7GramRocks

14 years experience and he is the big swinging dick? At most real jobs, 14 years you are still blowing the knowledgable people on command. And most of you still respect the profession of paper hussler. Amazing!

Wed, 10/15/2014 - 11:01 | 5334108 Bell's 2 hearted

yeah, ... and last go round (2008/2009) still bringing coffee/donuts to office

Wed, 10/15/2014 - 10:53 | 5334072 Mike in GA

In 2014 do "Large institutions" even have trading floors anymore or just algos?

Wed, 10/15/2014 - 12:22 | 5334622 SAT 800

They have traders.

Wed, 10/15/2014 - 10:56 | 5334081 Bangalore Equit...

Listen,
Why's everyone bitching? Volatility == Opportunity!

Wed, 10/15/2014 - 10:55 | 5334084 starman

Happy Halloween!

Wed, 10/15/2014 - 10:57 | 5334089 Cthonic

Continuation gap or exhaustion gap, that is the question.

Wed, 10/15/2014 - 10:58 | 5334090 new game

well jump fucker, look over there a window.

Wed, 10/15/2014 - 10:58 | 5334091 Dr. Engali

Stunned Wallstreet...... LOl.... the crooks knew exactly what was going to happen.

Wed, 10/15/2014 - 12:08 | 5334513 The Sculptor

This time was different.

Wed, 10/15/2014 - 12:24 | 5334642 SAT 800

No; it wasn't. it's like a stuck record; over and over again. 1987;2000;2008-- what's different? some stupid idea about mini-e futures, ? The stock market certainly didn't behave differently.

Wed, 10/15/2014 - 13:35 | 5335329 The Sculptor

S&P 500 1,826.19 -51.51 (2.74%) Dow 15,910.58 -404.61 (2.48%) Nasdaq 4,126.68 -100.49 (2.38%) You're right, nuthin' to see here, move on.

Wed, 10/15/2014 - 11:00 | 5334096 alexcojones

I'm seeing more and more trucks at my Local Coin Store.

And many of them are towing boats.

BTFD

Wed, 10/15/2014 - 11:23 | 5334224 Bangalore Equit...

Listen.

Ah yes, good old USSA-IRS form 8300. Don't forget to let your American government know how much gold you bought, they'll need it soon.

Boating accident is known fraud and you filthy cheating Americans will be jailed as tax cheats.

Don't do it!

Wed, 10/15/2014 - 11:31 | 5334291 Bunghole

I lost mine in a poker game with a fucking Indian.

Wed, 10/15/2014 - 12:12 | 5334529 g'kar

LOL. That's the Indian with a dot, not a feather, right?

Wed, 10/15/2014 - 11:37 | 5334343 fuu

https://www.youtube.com/watch?v=QzyyJZktM9c

Wed, 10/15/2014 - 12:33 | 5334738 mt paul

prep the salvage barge

the zero hedge flotilla

is on the move ...

Wed, 10/15/2014 - 10:59 | 5334098 Bell's 2 hearted

"a likely positive Fed meeting on October 29 to help fuel a Santa Claus rally." So, QE4 then?"

nope

QE ending (and anyone doubting this ... please explain what they will buying ... the long bond is tapped out)

might be blather about extending low rates even further out (duh)

Wed, 10/15/2014 - 11:00 | 5334099 44MagnumPrepper

JUMP JUMP JUMP JUMP JUMP

Wed, 10/15/2014 - 11:01 | 5334103 SteveBob

14yr career?!! What college was he attending during the 9/11? You have to be kidding, is this guy old enough to shave, yet?!!

A Stunned Wall Street Reacts To Today's Epic Move

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