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Dow Down 600 From "Nasdaq 5,000 Melt-Up" Highs

Tyler Durden's picture




 

From the meltup to Nasdaq 5,000 day to today... The Dow is down 600 points from its highs...

Dow over 600 points below highs...

 

It seems like a very systemic drop in stocks...

 

as carry trades are unwound en masse...

 

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Tue, 03/10/2015 - 12:31 | 5873584 eatthebanksters
eatthebanksters's picture

Tease!

Tue, 03/10/2015 - 12:37 | 5873611 Pool Shark
Pool Shark's picture

 

 

CONGRATULATIONS!!!

 

TODAY is the 15th Anniversary of the 2000 NASDAQ High of 5,048!!!

If you bought the NASDAQ 15 years ago, you're now only down 3.5%!!!

 

Of course, if you had bought GOLD instead (at $275/oz.) you'd be up a mere 422%, but who's counting?...

 

Tue, 03/10/2015 - 12:38 | 5873625 Kaiser Sousa
Kaiser Sousa's picture

"but who's counting?..."

u, me, and i would say a few others with their "3'rd eye" open...

Tue, 03/10/2015 - 12:41 | 5873638 Haus-Targaryen
Haus-Targaryen's picture

Is that like a 3rd leg? 

Tue, 03/10/2015 - 12:44 | 5873654 Divided States ...
Divided States of America's picture

What the heck Tyler...600 Dow points and you already declaring victory???

Wake me up when its 600 S&P points.

Tue, 03/10/2015 - 12:49 | 5873691 Toxicosis
Toxicosis's picture

Where do you see the victory dance.  Just making an observation.  Perhaps you need to cut back on the meth and coffee.

Tue, 03/10/2015 - 12:52 | 5873706 KnuckleDragger-X
KnuckleDragger-X's picture

It's all part of Nixon's secret plan to win the war.......

Tue, 03/10/2015 - 12:52 | 5873698 kliguy38
kliguy38's picture

I prefer that gold is not brought up in this thread due to my sensitivity of getting my ass handed to me by the boyz for the past three years.  So for those of you inclined to invest in the ponzi paper pumping prick market I would just say BTFD .....the Fed has your back ....what could go wrong/.... one more thing while I'm at it...FOCH YOU you ponzi pumping pricks.....

Tue, 03/10/2015 - 15:21 | 5874536 Againstthelie
Againstthelie's picture

Could it be that we saw the market top when a company that designs and sells overpriced gadgets with a model lifetime of 12 months, which are produced in China not in the USA received a listing on the Dow Jones Industrial?

Tue, 03/10/2015 - 12:31 | 5873586 Kaiser Sousa
Kaiser Sousa's picture

BUY, BUY, BUY!!!!!

 

 

 

 

silver that is...

Tue, 03/10/2015 - 12:52 | 5873709 HamRove
HamRove's picture
The new London gold fix and China

China now has the opportunity to take a dominant role in London, without having to direct its order flows through the fixing banks. Therefore, it is no exaggeration to say that from 20th March, China will be able to control the global physical gold market, which will permit her to manage the price. She has the deepest pockets, backed by the largest single stockpile.

http://www.goldmoney.com/research/analysis/the-new-london-gold-fix-and-c...

Tue, 03/10/2015 - 13:28 | 5873937 agstacks
agstacks's picture

"...and she like to buy low, low, low..."

Tue, 03/10/2015 - 12:32 | 5873587 Philo Beddoe
Philo Beddoe's picture

Historically, this is where shorts are about to get blowtorched. 

Tue, 03/10/2015 - 13:00 | 5873760 Clueless Economist
Clueless Economist's picture

  

Who cares??????? Here is the important news today out of New York:

'Mad Money' turns 10! Cramer rings NYSE bell

CNBC's Jim Cramer is celebrating his 10th anniversary of 'Mad Money' this week. On Tuesday, he rang the opening bell at the NYSE.

BOOYAHHHHH

Tue, 03/10/2015 - 12:39 | 5873627 thunderchief
thunderchief's picture

It is becoming more and more difficult and uncomfortable to watch these steroid bulls keep this puppy pumped.

It's like Blue Balls.  

Time to unload bulls. 

This market is true Bullshit. 

Tue, 03/10/2015 - 12:40 | 5873633 e_goldstein
e_goldstein's picture

btfwtf,

bullish.

Tue, 03/10/2015 - 12:43 | 5873652 Keltner Channel Surf
Keltner Channel Surf's picture

Yes, but I'll bet many daytraders still haven't done anything.  I'm flat, still not convinced RUT goes below earlier lows till after 1:30, and only with bigger volume bursts and a major volatility backup.  Right now, looks almost like a mother soothing her 6-yr old while dropping her off at school, no death or destruction evident.

Tue, 03/10/2015 - 12:54 | 5873720 KnuckleDragger-X
KnuckleDragger-X's picture

Jim Cramer will tell them what to do next, just after Wall St. tells him what to do next......

Tue, 03/10/2015 - 13:03 | 5873782 Keltner Channel Surf
Keltner Channel Surf's picture

I must be crazy, 'cause I seem to do better following 'Not Jim Cramer'

Tue, 03/10/2015 - 13:11 | 5873831 KnuckleDragger-X
KnuckleDragger-X's picture

Insanity is defined as deviation from the norm of the general population, so yep, your crazy..  :-)

Tue, 03/10/2015 - 13:03 | 5873780 Lmo Mutton
Lmo Mutton's picture

Pbbtttt.  600 pts.  What?  Is that like .06% or something?

Tue, 03/10/2015 - 13:09 | 5873808 Chuck Knoblauch
Chuck Knoblauch's picture

Pssst. The jobs report is bullshit.

Pass it on.

Can we kick the can passed the 2016 election?

What does WS think?

Tue, 03/10/2015 - 13:20 | 5873890 Goldbugger
Goldbugger's picture

They better start lying about the jobs data to prop the markets up. LOL

Tue, 03/10/2015 - 14:16 | 5874199 silverer
silverer's picture

They're just frontrunning the interest rate increase scheduled for June.  So Yellen can stabilize the markets by announcing the rate will be lowered after the rate is increased.  Let's see how far out into the future we can set market pricing.  Boy, this is fun!

Tue, 03/10/2015 - 14:17 | 5874202 BellevueTrader
BellevueTrader's picture

Some Bears are about to get steam rolled...by Friday I expect the short covering rally to take place and the deer in headlights to return. BTFATAPPLHIGH!

Tue, 03/10/2015 - 14:19 | 5874213 Platinum
Platinum's picture

The swings will get more and more wild. I'm glad I'm not on that rollercoaster.

Tue, 03/10/2015 - 14:27 | 5874256 SheepDog-One
SheepDog-One's picture

We kornholed some folks.

Tue, 03/10/2015 - 16:06 | 5874793 Irishcyclist
Irishcyclist's picture

It's pick a number, any number, at this point.

Don't invest in stocks/shares/commodities. Invest in yourself instead.

 

Tue, 03/10/2015 - 16:13 | 5874836 mastersnark
mastersnark's picture

Quick, recalculate the DJIA! Erase the losses through math!

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