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Dow & S&P Tumble - Give Up 2015 Gains

Tyler Durden's picture




 

Well that escalated quickly...

S&P and Dow join Trannies in the red year-to-date...

 

and Treasuries have rallied back to a 3-6bps yield drop on the year...

 

 

Charts: Bloomberg

 

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Tue, 03/10/2015 - 09:51 | 5872968 HedgeAccordingly
HedgeAccordingly's picture

Helps explain why 37% of Americans are still afraid of the stock market http://hedgeaccordingly.com/2015/03/survey-37-of-americans-surveyed-are-...

Tue, 03/10/2015 - 10:06 | 5873027 BLOTTO
BLOTTO's picture

Someone fan the fire faster...

Tue, 03/10/2015 - 10:16 | 5873061 weburke
weburke's picture

will this be known as a "turlington" ?  seems a shame to waste a nameing moment.

Tue, 03/10/2015 - 10:27 | 5873117 DavidC
DavidC's picture

Calling PPT...calling PPT...

DavidC

Tue, 03/10/2015 - 10:38 | 5873170 Fun Facts
Fun Facts's picture

If the DJIA goes down 10,000 more points we will reach fair value.

Tue, 03/10/2015 - 10:49 | 5873221 thismarketisrigged
thismarketisrigged's picture

''If the DJIA goes down 10,000 more points we will reach fair value''.

 

THE DOW WOULD STILL BE 100 PERCENT OVERVALUED IF IT DROPPED 10,000

 


Tue, 03/10/2015 - 11:01 | 5873280 Fun Facts
Fun Facts's picture

"THE DOW WOULD STILL BE 100 PERCENT OVERVALUED IF IT DROPPED 10,000"

ok, you got me on that one.

Lets just say somewhere between DOW 3,000 and 7,000 is fair value depending on what tried and true business financial ratio's you're looking at and assumptions you're making.

The point being, well...you make that point in your username thismarketisrigged.

Tue, 03/10/2015 - 11:10 | 5873318 PartysOver
PartysOver's picture

If the DJIA goes down 10,000 more points we will reach fair value.

Fair Value is whatever the CB's and Banksters want it to be.  Trade accordingly.

Tue, 03/10/2015 - 10:51 | 5873231 StupidEarthlings
StupidEarthlings's picture

 

"Calling PPT...calling PPT"

That or we hurry up and 'war some folks'... the fingers gonna have to point somewhere.

 

Tue, 03/10/2015 - 10:59 | 5873269 ukspreads
ukspreads's picture

BTFDAX - How many more times !!!

Tue, 03/10/2015 - 11:12 | 5873327 PartysOver
PartysOver's picture

Spreads, you are a Rebel Without a Cause at ZH.  And I UpVoted you.

Tue, 03/10/2015 - 11:20 | 5873358 ukspreads
ukspreads's picture

Thank you kindly sir, I appreciate the sentiment and the virtual thumbs up. I do have a cause however and while I do not completely understand it or even agree, the DAX is going up and you simply have to buy it... Cheers !

Tue, 03/10/2015 - 11:20 | 5873359 ukspreads
ukspreads's picture

Thank you kindly sir, I appreciate the sentiment and the virtual thumbs up. I do have a cause however and whilst I do not completely understand it or even agree, the DAX is going up and you simply have to buy it... Cheers !

Tue, 03/10/2015 - 12:58 | 5873746 tooldog
tooldog's picture

Don't worry, violent panic buying to begin in 3, 2, 1...

Tue, 03/10/2015 - 10:09 | 5873035 Mr.Sono
Mr.Sono's picture

Finally things getting normal, pull backs are just pull backs. Which tells me one thing, dow will keep hitting new highs and gold with silver will hit new lows. Summer will be good time to buy PM.

Tue, 03/10/2015 - 09:52 | 5872969 Ness.
Ness.'s picture

Why?????  Let it breathe.

 

You guys know what to do...

Tue, 03/10/2015 - 09:52 | 5872973 ThirteenthFloor
ThirteenthFloor's picture

Sell baby sell....take the plunge

Tue, 03/10/2015 - 10:01 | 5873013 Kayman
Kayman's picture

So the Fed could have bumped rates (even 1/4 %) on the ride up- how are they going to bump rates on the ride down?  Robbing the general public to let their ilk gorge will have consequences.

Tue, 03/10/2015 - 10:24 | 5873095 ThirteenthFloor
ThirteenthFloor's picture

Yes, Imagine the blood red if they actually raised rates. Reminds me of the taper talk 18 months back.

Tue, 03/10/2015 - 11:07 | 5873303 max2205
max2205's picture

FYI make sure you buy the news if when they do raise rates.

 

It will be so small it will be a big Fucking joke.

Tue, 03/10/2015 - 09:55 | 5872987 richiebaby
richiebaby's picture

Cramer's Magic Touch

Tue, 03/10/2015 - 09:55 | 5872989 EHM
EHM's picture

It will go back up once the shorts pile in.

Tue, 03/10/2015 - 10:32 | 5873138 gdogus erectus
gdogus erectus's picture

Exactly. Wake me up when we get three or four of these in a row. Or even just finish at the low for two days in a row. Or add a zero to it.

Tue, 03/10/2015 - 10:50 | 5873227 Greenskeeper_Carl
Greenskeeper_Carl's picture

won't happen. even if it drops wed/thursday, somehow it will end nice and green on friday, and start next week with a USDJPY driven ramp upwards. rinse and repeat. i should become a day trader with insights like this. who wants to buy my newsletter???

Tue, 03/10/2015 - 10:39 | 5873161 KingGenius
KingGenius's picture

They are scared of the Pop! They will try to pump it up to minimize losses some so it doesn't look as bad. Like a plane crashing, they want to glide it down slowly, but once panic and mania sets in, it's not how this thing works fuckers! Waterfalls! Let's get this party started.

Tue, 03/10/2015 - 09:56 | 5872993 Keltner Channel Surf
Keltner Channel Surf's picture

Russell at 50 DMA early, have never seen a big down open fail to retrace strongly, is this different?  Typically, overnight machines take profits and torture new retail shorts, often for hours, filling their hulls at favorite re-shorting points for later take-downs.  Already screwin' w/ VIX and RVX, let's see what they've got today ...

Tue, 03/10/2015 - 10:20 | 5873078 Unknown Poster
Unknown Poster's picture

50 WMA seems target, IWM <116.

Tue, 03/10/2015 - 10:33 | 5873110 Keltner Channel Surf
Keltner Channel Surf's picture

Think the weekly 20 EMA at 118 might be more likely, level where I've got my sell bracket on TZA, but I'm not in yet, cuz I think machines will try to re-short at yesterday's lows, which means a lot of work to do.  Would rather sit this out than get fucked by overnite machine chicanery.

Have noticed machines lately are using 50 MAs more on all chart time-frames for intraday turning pts, along with their customary 20 EMA

Tue, 03/10/2015 - 10:34 | 5873149 Unknown Poster
Unknown Poster's picture

The weather has improved significantly here, I'm sitting for a while.

Tue, 03/10/2015 - 10:43 | 5873194 jump_mutha_fukah
jump_mutha_fukah's picture

Well I was a week early but we did see sub 80 on TNA. Fuckers...timing as always 

Tue, 03/10/2015 - 10:50 | 5873230 Keltner Channel Surf
Keltner Channel Surf's picture

Yeah, RUT ninjas rarely fail to bounce off a DMA, and you had the 20 sittin' there smiling at you like a Cheshire tiger.  Hence, w/ the 50 hit early, we sit and wait . . .

Tue, 03/10/2015 - 09:56 | 5872995 skm
skm's picture

Paging PPT, load the printing press with wood and ink please

Tue, 03/10/2015 - 10:00 | 5873010 kowalli
kowalli's picture

dow 20k

MOAAAR

Tue, 03/10/2015 - 10:03 | 5873019 new game
new game's picture

all for nothin, back in the starting blocks, ha...

Tue, 03/10/2015 - 10:05 | 5873023 buzzsaw99
buzzsaw99's picture

bullard in 3, 2, 1...

Tue, 03/10/2015 - 10:08 | 5873029 prudent_investor
prudent_investor's picture

Time to short some overvalued stocks. Here is a good review of some of them:

http://prudentvalueinvestor.blogspot.com/2015/02/linkedin-corporation-ln...


Tue, 03/10/2015 - 11:13 | 5873330 FreeMoney
FreeMoney's picture

Dude...that is your buy list for friday...lthey will be moar overvalued-er come monday...

Tue, 03/10/2015 - 10:08 | 5873033 Who was that ma...
Who was that masked man's picture

We bankrupted some folks.

Tue, 03/10/2015 - 10:10 | 5873037 Martin T
Martin T's picture

It's on like Donkey Kong

Tue, 03/10/2015 - 10:12 | 5873046 DavidC
DavidC's picture

Hurrah!

DavidC

Tue, 03/10/2015 - 10:12 | 5873047 q99x2
q99x2's picture

BTFD Greece might default.

Tue, 03/10/2015 - 10:15 | 5873056 FreeShitter
FreeShitter's picture

Fed spokesman anytime now....

Tue, 03/10/2015 - 10:28 | 5873122 world_debt_slave
world_debt_slave's picture

PPPT SOS

Tue, 03/10/2015 - 10:30 | 5873133 adr
adr's picture

The product that was going to revolutionize the world turned out to be a $500-$30k paperweight.

Remember Ginger? The product that was going to revolutionize the world and change the way cities were built. The hype was off the charts.

It turned out to be the Segway. It just so happened to mark the end of the last great Tech Bubble. Maybe the iWatch marks the end of this one.

Tue, 03/10/2015 - 10:37 | 5873163 q99x2
q99x2's picture

The Pros over at CNBC say History shows that with a drop of over 200 points investors should BTFD.

Tue, 03/10/2015 - 10:53 | 5873241 ThirteenthFloor
ThirteenthFloor's picture

I recall Jeremy Irons looking out the window in Margin Call....
"I don't hear music....in fact I hear ... nothing"

No 200-300 dollar lunches at Bull Run or Wollenski's today.

Tue, 03/10/2015 - 10:55 | 5873251 KingGenius
KingGenius's picture

Yea, when it's been pumped up 10,000 in a few years. 200 is a dip...lol BTFBD buy the fucking bottom of the dips.

Tue, 03/10/2015 - 10:42 | 5873187 Bell's 2 hearted
Bell&#039;s 2 hearted's picture

King Dollar going "godzilla thru tokyo" ... again

 

has steamrolled a slew of "experts" the past 6 months predicting its imminent demise

 

now it will wreak havoc on S&P companies revenue/earnings

Tue, 03/10/2015 - 10:55 | 5873249 Slowdrip
Slowdrip's picture

Is the band still warming up on the Titanic, or are they finally starting to play some calming tunes for the passengers?

 

Tue, 03/10/2015 - 11:12 | 5873325 Winston Churchill
Winston Churchill's picture

Just playig a little aria, waiting on the fat diva to come on deck.

Tue, 03/10/2015 - 11:04 | 5873267 Jstanley011
Jstanley011's picture

Bear market rallies will rip your face off. All you've gotta do is buy the lows.

EDIT: What's up with the autoplay on ads? Keep up the crap and I promise, I'll sign off ZH permanently.

Tue, 03/10/2015 - 12:06 | 5873470 El Hosel
Tue, 03/10/2015 - 12:17 | 5873512 lakecity55
lakecity55's picture

but, but the iWatch should have goosed the market alone by 200 pts!!

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