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Recovery Off: S&P 500 Loses 2,000 Level

Tyler Durden's picture




 

We are going to need another Central Bank speaker stat!! The S&P 500 (cash) index just broke below 2,000, 30Y Yields are testing 2.50% yields (just 5bps from all-time record lows) and 10Y well below 2.00%, gold is surging, and oil is plunging... The question for The White House is - should we still blame Europe?

 

The S&P 500 Index drops back below 2,000...

 

Russell 20)0 now 5.4% off all-time highs...

 

Still think financials will save stocks?

 

30Y Treasury yields are plunging - only 5bps from all-time record lows...

 

We are gonna need a new Fed speaker...

 

Charts: Bloomberg

 

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Tue, 01/06/2015 - 13:06 | 5628349 AlaricBalth
AlaricBalth's picture

Just grab your cajones and BTFD!!!

(or not...)

Tue, 01/06/2015 - 13:13 | 5628387 Headbanger
Tue, 01/06/2015 - 13:21 | 5628493 StackShinyStuff
StackShinyStuff's picture

S&P 2000 baby!!! This things going to the M-O-O...no wait

Tue, 01/06/2015 - 13:23 | 5628506 Soul Glow
Soul Glow's picture

Silver's up 2%.  Just sayin'.

Tue, 01/06/2015 - 13:33 | 5628566 Disc Jockey
Disc Jockey's picture

It's time to party like it's 1999!

....98....97....96....95...?

Tue, 01/06/2015 - 13:12 | 5628389 Philo Beddoe
Philo Beddoe's picture

I need that -25 percent in a day to convince me this is real. No sarc.

Tue, 01/06/2015 - 13:17 | 5628447 KnuckleDragger-X
KnuckleDragger-X's picture

The computerized crash stops make it unlikely in a single day, I'd guess three days at least. The question is are the algo's being reset to short?

Tue, 01/06/2015 - 13:20 | 5628467 Philo Beddoe
Philo Beddoe's picture

Normally, this is the time shorts get deep fried.  When this baby blows shorts and longs all walk home with the same prize. 

Tue, 01/06/2015 - 16:44 | 5629533 mkkby
mkkby's picture

Naw.  Just a mini panic over the greek election.  It's over now.  The rally will resume shortly. 

We will need something more permanent to sustain a bear market.  Low oil prices bears watching for a systemic effect later in the year.  Also, watch for problems with Citi.  They rammed home that derivatives bailout bill for a reason.

Tue, 01/06/2015 - 13:17 | 5628459 101 years and c...
101 years and counting's picture

i think 6-8% would be enough.

Tue, 01/06/2015 - 13:24 | 5628512 Philo Beddoe
Philo Beddoe's picture

I am pretty sure they could jawbone a 5-10 percent drop. 

Data dependent would become dependent data. 

Tue, 01/06/2015 - 13:32 | 5628579 gatorengineer
gatorengineer's picture

Limit down would suffice......  that would wake a few folks up.

Tue, 01/06/2015 - 13:15 | 5628406 El Oregonian
El Oregonian's picture

 

Know when to hold 'em and know when to fold 'em... know when to walk away, know when to RUN!

Tue, 01/06/2015 - 13:19 | 5628462 KnuckleDragger-X
KnuckleDragger-X's picture

Like a bat out of hell....

https://www.youtube.com/watch?v=Q9hLcRU5wE4

Tue, 01/06/2015 - 13:15 | 5628416 PartysOver
PartysOver's picture

Can't do that any more.  The Ex got them in the settlement.   BUt I am still starting to nibble.

Tue, 01/06/2015 - 14:22 | 5628841 nuke ISIS now
nuke ISIS now's picture

Nice little DC Bounce this morning, just to draw in the remaining suckers...timber baby..he we go..DJIA currently minus 2 bucks, after losing three yesterday

Tue, 01/06/2015 - 13:07 | 5628357 pods
pods's picture

..............................and a Happy New Year.

pods

Tue, 01/06/2015 - 13:12 | 5628397 IridiumRebel
IridiumRebel's picture

Where is the black cat?

Tue, 01/06/2015 - 14:42 | 5628903 MeelionDollerBogus
MeelionDollerBogus's picture

crossing the deer's path to try to cause some bad luck

Tue, 01/06/2015 - 13:08 | 5628360 alexmark2013
Tue, 01/06/2015 - 13:11 | 5628379 EscapeKey
EscapeKey's picture

From the same website:

"Euro Gold at 1,020 Per Ounce"

http://investmentwatchblog.com/grexit-risk-and-lehman-collapse-concerns-...

Tue, 01/06/2015 - 13:22 | 5628362 MarketAnarchist
MarketAnarchist's picture

The printing press apparently Jammed at The Fed/JPmorgan/Citadel/Boj/BOE/ECB/Goldman inc. headquarters.

 

I am long VGZ AEM AUY and NGD so i'm rather pleased to say the least.

Tue, 01/06/2015 - 13:10 | 5628369 EscapeKey
EscapeKey's picture

Fed to announce rates "stay low until 2048".

Tue, 01/06/2015 - 13:15 | 5628429 IridiumRebel
IridiumRebel's picture

I think that is a typo....they said 4028.

Tue, 01/06/2015 - 13:10 | 5628375 Ness.
Ness.'s picture

Bonds don't lie.  They are revealing the ending to the movie.  We need some FedSpeak STAT!!!

 

Tue, 01/06/2015 - 13:24 | 5628510 Eyeroller
Eyeroller's picture

Release the Bullard!

Tue, 01/06/2015 - 13:13 | 5628403 ebworthen
ebworthen's picture

"It's the Russian's fault" has to be used in here somewhere.

That, or the "terrorists", or North Korea.

Never the FED.

Tue, 01/06/2015 - 13:20 | 5628486 KnuckleDragger-X
KnuckleDragger-X's picture

The Japanese.....

Tue, 01/06/2015 - 13:14 | 5628412 mtndds
mtndds's picture

HEADFAKE!!!  The market will be green by the close.  The NY FED or FED member or ECB will make a sutpid comment and everything will be rosey again!!  Rinse and Repeat people, Rinse and Repeat!!

Tue, 01/06/2015 - 13:16 | 5628442 mtndds
mtndds's picture

By the way phuck you FED, I am going to Disneyland today.  You phuckers!!

Tue, 01/06/2015 - 13:18 | 5628455 TradingFinn
TradingFinn's picture

It will go down max 8% from the all-time high until someone from the FED jumps in to save the ponzi scheme. For now.

Tue, 01/06/2015 - 13:14 | 5628415 sudzee
sudzee's picture

10yr - 1.88

Tue, 01/06/2015 - 13:15 | 5628425 PrayingMantis
PrayingMantis's picture

... soon it would be Stupid & Pissed ...

Tue, 01/06/2015 - 13:14 | 5628426 q99x2
q99x2's picture

Good day to listen to the comedian blasphemers over at CNBC.

Tue, 01/06/2015 - 13:14 | 5628435 stant
stant's picture

Bond bubble engaged

Tue, 01/06/2015 - 13:15 | 5628445 Dr. Engali
Dr. Engali's picture

Quick, order the bazooka and tanks in streets.! The banks need another 750 billion pronto!

Tue, 01/06/2015 - 13:16 | 5628454 IridiumRebel
IridiumRebel's picture

They're gonna need 750 trillion. 

Tue, 01/06/2015 - 13:17 | 5628452 Hitlery_4_Dictator
Hitlery_4_Dictator's picture

My take is this, it's doesn't matter, until it does matter. 

Tue, 01/06/2015 - 13:22 | 5628461 Keltner Channel Surf
Keltner Channel Surf's picture

Yellen to channel E.A. Poe:

"The thousand injuries of Fortunato I had borne as I best could, but when he ventured upon the 200 DMA, I vowed revenge"

Tue, 01/06/2015 - 13:18 | 5628463 doggis
doggis's picture

REMEMBER - THE BIS TOLD THE FOMC MEMBERS TO "SHUT THEIR GOB" WHEN VOLATILITY RETURNS.WHEN THE BIS INSTRUCTS MERE FOMC MORTALS LISTEN!

Tue, 01/06/2015 - 13:18 | 5628470 LawsofPhysics
LawsofPhysics's picture

keep talking ZH, make sure the temporary bottom is solid before we jump back in...

Tue, 01/06/2015 - 13:19 | 5628480 firstdivision
firstdivision's picture

Wait for it, wait for it....QE4 to the rescue. 

Tue, 01/06/2015 - 13:20 | 5628482 Consuelo
Consuelo's picture

So what's it gonna take to light up some of that dry powder in the Eccles basement...? 

Tue, 01/06/2015 - 13:24 | 5628519 Soul Glow
Soul Glow's picture

And when Yellen comes out a barkin' and stocks keep a slumpin' all hell will break loose when not even the Fed can jawbone oil prices back up.

Tue, 01/06/2015 - 13:26 | 5628527 tahoebumsmith
tahoebumsmith's picture

Petrodollar is dying, markets are bubbllicious and will collapse, housing will crumble , squatters will once again become the neighborhood trend, trillions in liquidity will come home to roost and there will be absolutely nothing the Central Banks and the FED can do to stop the carnage from occuring this time around. Fighting a debt crisis with more debt will prove to be the biggist financial flop every drummed up by Human Kind... Welcome to the machine, Happy 2015 Bitchezzz.

Tue, 01/06/2015 - 13:30 | 5628545 Consuelo
Consuelo's picture

Does that mean we get to take a trip to Hooverville this summer...???   YAAYYYYY...!!!!

Tue, 01/06/2015 - 16:50 | 5629573 mkkby
mkkby's picture

Those things would all take years to happen.  And the fed has already proven they will print so hedge funds/banks can buy up housing.  Any more questions, or would you like to look at recent history?

Tue, 01/06/2015 - 13:29 | 5628554 magnumpk
magnumpk's picture

I suppose you just wait for a sufficiently large drop in the market, then the QE talk to bump it.  But if talk doesn't do it this time, they may have to formally announce QE4.  Some think that won't happen until late 2015.  I can't see the FED waiting that long.

Tue, 01/06/2015 - 13:34 | 5628586 SillySalesmanQu...
SillySalesmanQuestion's picture

Feeeeeed me Seymour! A mainline of more morphine money drip...STAT!

Tue, 01/06/2015 - 13:36 | 5628597 Atomizer
Atomizer's picture

Mark Zuckerberg starts a book club as his New Year's Resolution, figuring out if his company P/E ratio.. Is it real?

/sarc

Tue, 01/06/2015 - 13:36 | 5628606 besnook
besnook's picture

feels like a good old fashion classic dump. one more day and a dead cat bounce and i might orgasm. haven't seen this kind of porn in a long time.

Tue, 01/06/2015 - 13:37 | 5628611 Alex Kintner
Alex Kintner's picture

Should i go short London Whale Oil?

Tyler, where the hell are you? I'm losing millions.
 
Look, you got me into this airline, and you damn well better get me out. Because if you don't the only job you're going to get on the Street is sweeping it! You hear me, Tyler--

Tue, 01/06/2015 - 14:26 | 5628844 Atomizer
Atomizer's picture

How about the London Libor scandal, part two. It might be time to give Google a Sony hump on the leg. Blocking information is going to hurt them. The word Libor is key trigger word. Fuck you! You ran it as a index for the purpose of a Ponzi Scam. ACA will be next. (ObamaCare).

http://thelondoncolumn.com/2014/08/04/the-lights-are-going-out-all-over-europe/

Tue, 01/06/2015 - 13:44 | 5628656 NoWayJose
NoWayJose's picture

The drop in oil may have started as a US-Saudi attempt to de-stabilize Russia, but it is equally possible that Putin and China have now turned the tables and are counter-attacking the over-leveraged Western financial system.  Putin and Iran have stated that they are INCREASING the amount of oil they are pumping -- not something you would expect to hear from a country dependent on oil revenues.  The purpose of such an announcement may be to keep oil heading lower until the Western markets and their derivatives crash.

Tue, 01/06/2015 - 16:50 | 5629591 mkkby
mkkby's picture

Doesn't work against the reserve currency, so they will fail.  Next suggestion?

Tue, 01/06/2015 - 13:45 | 5628672 vyeung
vyeung's picture

e-minis......e-minis.........e-minis.........e-minis......rigged market......rigged market.......boooooooom

Tue, 01/06/2015 - 13:48 | 5628686 Rikeska
Rikeska's picture

It's just like pro wrasslin'!

Tue, 01/06/2015 - 13:49 | 5628693 RushRoolz
RushRoolz's picture

It is sooo weird how things looked so good going into the midterms! How praytell could this bad news all come out afterwards? Weird.

Tue, 01/06/2015 - 16:53 | 5629599 mkkby
mkkby's picture

What  bad news, the greek election?  Known for quite some time now.  Here's a suggestion... you should try ready a blog called zero hedge some time.

Tue, 01/06/2015 - 13:54 | 5628714 MeelionDollerBogus
MeelionDollerBogus's picture

http://stockcharts.com/h-sc/ui?p=D&yr=0&mn=5&dy=4&id=p60437047594&s=HVU.TO

WHAT THE F, is going on with vxx & hvu?? Still moving together & inverse to SPY/SPX/DIA etc but...

HVU1/20.15 x SPY = 231.163

so HVU is acting like a 20x inverse! And right now that's to the upside... that's incredible.

Tue, 01/06/2015 - 13:58 | 5628741 surfvin
surfvin's picture

Gold miners shooting for a pole bender! Papyrus pirates scrambling towards their prop desks!

Tue, 01/06/2015 - 16:01 | 5629296 Pwdrhead1711
Pwdrhead1711's picture

FED PPT will not let 2000 level be lost They'll call SOCOM if it's necessary!!!!

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