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Biotech Bloodbath Sparks Selling Scramble In Stocks
Author's impression of today's stock market...
Post-FOMC, everything's not looking so awesome...
Small Caps were the biggest lower on the day, followed by Nasdaq, Trannies and The Dow & S&P... but the drop was very uniform...
and started as the cash markets opened...
The Dow has fallen back into the Red YTD and the S&P is close...
Financials are now down 2% from before Yellen...
Biotechs Baumgartner'd... down over 12% from the highs 3 days ago - the biggest such slide since April 2014
and back into the red for March...
Is this why Biotechs collapsed?
Apple's worst day in 2 months...
The US Dollar leaked lower again...
And Treasury yields surged higher after a weak 5Y auction...
Stocks starting to catch down to credit?
Commodities were broadly higher...
But Saudi/Yemen shenanigans trumped massive over-supply and sent crude prices soaring...
Copper popped and dropped on CODELCO mine shutdown news...
Oddly, another day of horrible data but this time "Bad news" was not good news...
What caused this carnage? Who knows... but this is awkwardly coincidental
Charts: Bloomberg
Bonus Tweet:
I was told to.. pic.twitter.com/hugYWikG1u
— Eric Scott Hunsader (@nanexllc) March 25, 2015
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LOL
Reminds me of NASDAQ performance some 15 years ago (1st time it hit 5K) almost to the day. LOL indeed !
Dang! Now what do I do with my Nasdaq 5000 hat?
Keep it at hand. You might get a chance to wear it again another 15 years from now...
Que Bullard in 1 2 3
You hear that? That bell being rung? That's the one they ring at the top.
but...but....but.....they said that this time was different !!!
we
are
not
off
the
lows
Lol trolling Kraft-Heinz deal Processed food giants Kraft, Heinz to merge after deal involving Warren Buffett
Google cuts ad revenue to another independent media source as it plans rankings based on ‘truth’
Kraft-Heinz is just the feed lot pushing Monsanto poison down your throats.
Glorious days when thousands will lose their job in the merger. This is supposed to be a recovery?
Great maybe we can finally have the ultimate convenience of cheese and ketchup in a squirt bottle. *goes back to lurking*
Sounds like clear anti-trust violation to me. Perhaps it helps smooth the DOJ review process when one of the company's founder's relatives are married/related to the Vice President of the U.S.
The markets got 'Cramered'!! And don't buy the dip, buy the FUCKING dip!! I wonder if this means the Minsky melt up days are behind us? No wonder Yellen wants to raise rates, then at least this type of market behavior has some logical reason! I think we're fucked.
I can't believe anyone even watches his show anymore. He must get all his ratings from all those brokerage offices across America who run CNBC all day long on large-screen TVs in their lobby all day. I always feel sorry for the receptionists having to listen to that all day.
Introducing! The new Platinum plated Apple Watch!
There, fixed it! We'll be back up in no time. If that doesn't work, Yellen will sing the markets a dove song that will levitate prices. Maybe Draghi will do a duet with her!
Spoken like a card-carrying member of the Pinko Fascist Commies!
Come on guys, you can still buy the dip with your face ripped off, its not that bad
I was expecting an epic ramp into the close. There's always tomorrow I guess. Can't let the market have more than a 5% correction.
Well, there was one. It just got the wrong sign. Those software guys always fuck-up things...
perhaps the ERT (Epic Ramp Team) forgot to set their watches ahead for daylight savings.....
Yup, billion dollar valuations with no P/E just doesn't work very long....
Que the "There will be Growth in our time" Meme.
FFS I have been watching around me and all I see is people who have run out of ideas.
Fuck that. Burn this bitch down! This is what happens, due to manipulation, by having every finger, toe and dick in the dam trying to plug the wave of destruction. This fucker is going to blow...
Come join us for FREE at www.gunsgrubandgold.com
Survival books, links, financials, and much more!
But the guy at Charles Schwab told me that biotech was a growth stock and at my age that's where i should focus because in the long run I would get better equity appreciation.
There will be #GROATH in the Spring...
~Chance [the Garderner]...
Krudlow & Co are trying to do damage control and bringing in the no name buyside analysts
And when they're asked "why'd RUT & QQQs get crushed today?" they'll look calmly into the camera and say "because they recently tagged their weekly Keltner tops."
FED to be chewing some gum to keep those jawboning muscles limber.
Putting a couple 4 pound weights on the QE barbell too.
We bio-teched some folks..................
never tired of it
Whoa!!!! You forgot "worst since _____."
Quick! Raise rates, the eCONomy is overheating........... Lol.
The stawk market, like the housing market is still due for a 60-80% correction if the manipulation [Fed support] ever departs.
i dont think that large of a correctino will ever be allowed to happen, at least in terms of FRN denomination. now in terms of Au and Ag.....
Controlled decent... Let me know when the VIX slams into the French Alps.
The ES futures just opened down 31pts. -1.51%. Keep your fingers crossed x
i'm pretty sure you're looking at the close and not the evening futures trade. I'm looking at it as I type and it's up 2 pts.
Bulletin bulletin bulletin bulletin, this just in: Old Yeller says stawks are now cheap, BTFD.
Though big days always bring pain, some aspects are comical: small caps, which moved relentlessly higher for 2 mths on miniscule volume and small intraday ranges, today sees the 20 DMA smashed through in the biggest intraday move since April 2014, on only slightly higher than avg volume. So, while we’d all welcome a return to market normalcy, may need a bit more evidence before claiming a price discovery sighting.
There will never be price discovery again.
The tribe doesn't believe in setting any price other than more than they paid for it and making you sell it to them for less than you paid.
Yeah, quite the day on small caps...put a synthetic staddle on near end of day just because we are likely to see a big move one way or the other from here. My gut tells me more selling is in store for tomorrow, but we are damn near about to hit the 50 DMA on IWM so a bounce could be violent. If that fails to hold, I see an October 2014 capitulation event. My best guess was we would try and stick the Nas over 5000 again and make it look legit, but this whole scharade wreeks of a blow off Top/ False breakout especially on the RUT. Gut says we just saw the Top on both RUT and Nas. At this point, they just ran every short in the forest out of the RUT so finding support/liquidity on another nose dive is gonna be a spectacular show. Easy money is to the downside and the MM's will likely chase it. Ma and Pop are in a vegitated state.
If your theory pans out, perhaps we'll see mechanical post-tax day re-buying of high-flyers, the failure of which could lead to something more. Seems we'd need to see bigger wicks on daily candles, and more volume, confirming big boyz driving the truck . . . or non-voting Bullard could recommend Fed direct investment in biotechs -- both have equal probability, according to quants. (By the way, I've never done synthetic straddles, only the all-natural, all-cotton variety, probably explains why I get 'fleeced')
Real 'price discovery' begins about 75% DOWN from here...
Janine Lindemulder, that is what Wall St traders will watch tonight.
i'm going to wait for a bio-tech bounce, then short it.
I see Atlanta was 73 today, nice. Then something about a bus full of cnbc people and a sucking sound.
What's the point of these articles? The numbers are fugazi and have been for quite some time.
It's a sum up of the entire day in the markets. In case you haven't figure it yet, it's a daily feature (unless markets are off)...
but, but....but, patience
Better than sex, better than food, better than free money: the Tylers, whomever they are, live for days like today-a bloodbath in the equity markets.
YES. Better than Sex. Unprecendented volatilities across deformed markets anchored by the liquidity of currency wars. Who knows what will move up/down ? Noises that explain the moves are just far*ts in the air. Price discovery is dead.
A greater and quicker destruction to the remains of main economies is imminent. Who can price for investment (long term) and for consumption (even just in time) ?
Thanks to CBs and the cacophonies of the TBTF in giving directionless guidance that ZHers know are MTVs. Keep trading momentum OR go cold turkeys on all BS from the now global casino.
The stupid fucks are out now saying that if oil goes back to $80 it means $4+ gasoline.
WTF!!!!!
$80 oil used to mean gas in the $2.60-$2.80 range. But I guess if $45 oil means $2.50 gas then BY ALL THE FUCK MEANS CHANGE THE COMMON LAWS OF PRICING AGAIN AND CORRELATE $60 OIL TO $4 gas!!!!!!!
It doesn't matter anymore. Everything is bullshit.
This total farce has gone beyond anyone's reasonable assumptions of complete insanity.
Prices at retailers have jumped again just like last year. 30% increases for no apparent reason. Stock that was sitting on shelves at $9.99 all of a sudden got repriced to $12.99 at the beginning of March. In times of falling sales, increase prices. YEP THAT WILL DO THE FUCKING TRICK.
I wanted to get off the crazy ride last year when it looked like the operator was going looney. This year the guy dropped LSD, Shrooms, smoked a bag of weed, drank two cases of Red Bull, and then shot himself up with a triple dose of heroin for good measure.
forgot bath salts for good measure.
edit: can't let these good prices go to waste
http://wqad.com/2015/02/24/gasoline-tax-hike-approved-by-iowa-legislature/
how about an ether binge
2008-2013 aggretage gasoline consumption is down 4%, diesel consumption is unchanged. Crude contributes 50% of the price of gas, and 40% of diesel.
Gas prices spiked 15% in the US on average from the 2015 low, while diesel has bottomed out and is trading sideways since the low.
The gas price increase is entirely illogical and fabricated. It should trade at a discount because despite decrease in gas consumption, they still have to crack the same amount of crude to get the diesel we are consuming. All my data is from http://www.eia.gov/dnav/pet/
Hey the economy is weakening, but at least the cost of living is going up!
lmao ADR. That was a great post The BoJ ,SNB,BoE, FED, BoI, BoC, ect... , inclusive of every douchewad techocrat, politican/bankster, has/have been a "repeating recording" since 2008.
Everyone starves, but thinga are getting better. + rolotsots+ {rolling over laughing on the surface of the sun}
I don't mean to derail but heroin would cancel everything else out there, a waste of good acid/shrooms imo. Also shrooms being the introspective beast it is, a heavy enough dose would catalyse in said operator an attack of conscience so profound that they would at a minimum quit their job tomorrow or with a little luck just neck himself. But then I'm a dreamer.
Aside from ALL-OUT war, seeing $80 oil again this decade is a wet dream....
Whew! Step out to make a little money the old fashion way and look what happens! The nascrap at -118!
We Cramered some folks...
Nothing crushing the dollar can't solve.
Higher the price the better. Nothing but skittles and unicorns folks! Forward!
Biotechs crashed after it was revealed Obambacare will use Greyhound bus station toilet stalls for outpatient surgeries
On the ES at the close we touched for the 4th time the lower trend line that I've been talking about, which also happened to be the FMOC day low. Overnight and tomorrow we should find out how serious the bears are about a major correction.
"This bull market, we all know it's eventually going to end, but it's not going to end today." said Matthew Tuttle , CIO of Tuttle Tactical Managment
"I always knew this day had to come .......
.......it just ain't today! "
- Sylvester Stallone laying down a winning poker hand in "Shade"
Maybe the PPT had hump day off...Maybe they were home humping their old ladies instead of sticking it in our asses as usual...
I nominate Jim Cramer's tweet about biotech as Tweet of the Week.
Still got a stiff neck looking for the sky to fall. Is this it? Too much trouble to look at all those charts, who needs that many charts unless they are just trying to totally confuse us sheeple..
No bid.
That's how it ends...
So over-priced. Many with PEs over 500.
Long way to fall for those.
MyRA's to the rescue!
There's never been a better time then now to buy that $265k house for $750k ....
Quick! Don't be priced out of this market !!!
Buy Now !!!
sarc///
Bet the ranch.
thanks, you all said it all...
!
.
You know to paraphrase something Cassius Clay once said to Howard Cossell {sp?} -
Jim Cramer is living proof that you don't need nothin' {i.e. talent} to make it.
Still - as America keeps getting fatter, and MDs keep getting paid per script, and too obtuse to tell their patients to eat less sugar and exercise a little...
there's always gonna be money in cholesterol meds, pain meds, and stuff to make your vagina smell marginally better.
Before big bear markets its, "Volitility, Bitchez!"
In several years it may be, "Bidless, Bitchez!"
This time it's different. Really
ur right, this time is different.
this time, they have used everything in there arsenal to lift this thing, meaning they r pretty much out of options.
this time the ''markets'' wont fall like 2 percent a day, it will happen so fast, ''markets'' will not be able to open.
dont worry, on cnbc, trader ben willis was saying how this was just end of quarter selling and tomorrow we should be back to green.
i will not be surprised in the least bit when i see dow futures up 140 pts tomm morning on nothing, which will then of course wipe away todays loss in a flash.
"trader ben willis"---most likely a paid shill and coward to the bone...also probably a Pinko Fascist Commie to boot!
Now what does Hitler think?
https://www.youtube.com/watch?v=yqkn1tviGMM
You couldn't pay me to buy any of that crap.
See why this coming April will be similar to October 2014 or worse.
http://michaelekelley.com/2015/03/24/stocks-could-have-worst-april-since-1970/
Here's how to prepare for the worst.
http://michaelekelley.com/2014/10/16/8-things-to-do-when-recession-happens/
Good luck.
April 1930
Poised for the next big leg up! Buy! Buy! I heard it myself from Baron Danglars, investment genius.
Que the dam deer Tylers!!!
http://www.zerohedge.com/sites/default/files/images/user3303/imageroot/2...
Someone is getting restless and wants to liquidate. There's no volume and it will make for an interesting few weeks going forward. Where are the massive bids to support these prices? Think of billion Dollar hedge funds and investment groups trying to diverge out of stocks. The brokers trying to match any large sell orders with real liquidity. Good luck with that.
"Stop freaking out about the biotechs."........then BOOM. hehehe +100 for that.
MERGER BETWEEN HEINZ AND KRAFT MAKES PHARMACEUTICALS SOAR
Obesity and bipolar diarrhea-constipation set to explode after the deal.
Source: www.financialpaparazzi.com
Ha, ha. Welfare Queen WB is starting to see the writing on the wall. Dumb ass is doubling down. What a fool...
A year ago I would spend 80 dollars on groceries, and buy 2 rolls of jon ribbon to cover the excess's and keep a balance in the time space continuum. Today one only needs a single roll and there's enough left over to rip that same continuum. *Savings*
The January Effect about to be realized in spades.
One would think that lying about failed clinical trials would never catch up with the pharma sector with how doped up Americans are.