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Dow Tumbles 200 Points - Gives Up 2015 Gains

Tyler Durden's picture




 

Trannies touched unchanged and instantly reversed but Dow Industrials only managed a modest bounce of opening lows.

 

However, the momo did not last and there's no Nike to save the day today - The Dow is now down over 200 points and has tumbled back into the red for 2015.

 

 

Unleash The Bullard!!

 

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Mon, 06/29/2015 - 11:28 | 6249561 Duc888
Duc888's picture

BTFD.

LOL

Mon, 06/29/2015 - 11:33 | 6249585 Waylon Bits
Waylon Bits's picture

...according to CNBC it's just "briefly"

 

http://www.cnbc.com/id/102795180

Mon, 06/29/2015 - 11:40 | 6249624 Headbanger
Headbanger's picture

You ain't seen nothin yet...

Bbbbbbbaby you just ain't seen nothing yet...

Mon, 06/29/2015 - 12:05 | 6249708 graneros
graneros's picture

Plus one for the BTO reference. But I'm afraid instead of BTO we'll just get BTFD instead. Green by end of the day or tomorrow.

Mon, 06/29/2015 - 13:49 | 6250291 Creepy A. Cracker
Creepy A. Cracker's picture

And gold monkey hammered back down.

Mon, 06/29/2015 - 14:34 | 6250537 graneros
graneros's picture

Yep. Same ol' crap.

Mon, 06/29/2015 - 11:28 | 6249562 SHEEPFUKKER
SHEEPFUKKER's picture

I think I remember when 200 pts was a major drop. Now, it's 1%. 

Mon, 06/29/2015 - 11:32 | 6249578 joseJimenez
joseJimenez's picture

keeps going down it will be again.  Or it won't matter.  Which will it be?

Mon, 06/29/2015 - 11:28 | 6249564 Dr. Engali
Dr. Engali's picture

When I see a few thousand points vaporized then I'll know this shit is real. Until then it's just business as usual.

Mon, 06/29/2015 - 11:29 | 6249568 NoDebt
NoDebt's picture

My thoughts exactly.

Mon, 06/29/2015 - 11:38 | 6249611 Headbanger
Headbanger's picture

That's what they all say when the BIG ONE starts to rumble.....

Mon, 06/29/2015 - 12:18 | 6249763 disabledvet
disabledvet's picture

The AthensExchange didn't even open.

What? No celebrating?

Mon, 06/29/2015 - 11:39 | 6249616 pods
pods's picture

I thought I was getting nervous about all this.
Then I realized it was just gas.

pods 

Mon, 06/29/2015 - 11:33 | 6249582 WTFRLY
WTFRLY's picture

Good. Finally some meaningful activity, like Dr. Engali said, let's wait and see if it sticks.

Mon, 06/29/2015 - 12:13 | 6249743 mtndds
mtndds's picture

I was thinking the same thing.  This is just business as usual.

Mon, 06/29/2015 - 11:28 | 6249565 Fun Facts
Fun Facts's picture

The Central Banks are the only buyers today.

Mon, 06/29/2015 - 12:52 | 6249952 CPL
CPL's picture

Smoke screening to hope no one notices the world supply of above ground investment grade silver silver is at 1 billion ounces, when the paper trade of silver hold claims to as much as 100 billion ounces.  It means there are two 0's missing from the current silver price.  Means a ounce of silver should be valued around 1570 per ounce at current market price, but it isn't and doubtful it ever will be with the kikes running the banks.  They have proven to be very lazy and poor at math.

Don't need people that are lazy or bad at math in the future.  Just un-needed overhead.

Mon, 06/29/2015 - 11:29 | 6249569 TruthInSunshine
TruthInSunshine's picture

Germany wants Greece out of EU. It will be formally stated tomorrow as ELA closes for good.

Look for major red into U.S. cash close (near 1.5% lower) and major carnage in Shanghai again tonight.

PIIGS bond holders should be shitting their pants.

Mon, 06/29/2015 - 11:34 | 6249591 Al Huxley
Al Huxley's picture

The other article - Greek 10 years are yielding 15% - who is buying Greek debt at ANY 'yield' right now?   FFS, if you don't get the principal back, and they coupons can't be paid, what does '15%' even mean?

Mon, 06/29/2015 - 11:54 | 6249680 NoDebt
NoDebt's picture

Banks and hedge funds selling to central banks.  "Jane, get me off this crazy thing!"

Mon, 06/29/2015 - 12:01 | 6249699 Make_Mine_A_Double
Make_Mine_A_Double's picture

Jon Corzine with co mingled OPM of course.

 

Mon, 06/29/2015 - 11:30 | 6249572 KnuckleDragger-X
KnuckleDragger-X's picture

Tsk, apparently Apple needs to announce their latest iMagic so the market can pretend all is well.....

Mon, 06/29/2015 - 11:30 | 6249573 Ness.
Ness.'s picture

Now that's how you put in a floor.

 

BTFD

Mon, 06/29/2015 - 11:35 | 6249596 Soul Glow
Soul Glow's picture

Janet Yellen master mason floor builder extraordinaire lol!!!

HA!

Mon, 06/29/2015 - 11:31 | 6249577 BI2
Mon, 06/29/2015 - 11:33 | 6249581 MASTER OF UNIVERSE
MASTER OF UNIVERSE's picture

I love the smell of the DOW burning in the morning. It smells like, it smells like VICTORY.

 

 

Mon, 06/29/2015 - 11:33 | 6249586 Soul Glow
Soul Glow's picture

Kevin Walsh must be having one hell of a morning.

Mon, 06/29/2015 - 11:35 | 6249593 Bill of Rights
Bill of Rights's picture
Morell: Don’t be surprised if we’re talking about a terrorist attack next week

https://www.youtube.com/watch?v=Be-T0AaqwGo

 

No shit...

Mon, 06/29/2015 - 11:38 | 6249606 Soul Glow
Soul Glow's picture

Maybe, but when Greece opens up banks with depositors having 15% of their wealth confiscated and the rest of Europe follows suite and then it happens in AMerica and then they don't open the banks at all until we go cashless....

See this sounds like a plan!

Go NWO go!!!!!!

BUY SILVER AND SAVE YOUR FUCKING LIFE

Mon, 06/29/2015 - 11:37 | 6249602 large_wooden_badger
large_wooden_badger's picture

BUY BUY BUY!

Mon, 06/29/2015 - 11:37 | 6249605 Monetas
Monetas's picture

"Catch a falling knife .... put it in your pocket .... cut your pocket .... coins fall out .... cut your dick and balls .... blood trickles down your leg .... save it for a rainy day ! Catch a falling star .... put it in your pocket .... burn your balls .... where's that rainy day !" .... apologies to the late Frank Sinatra 

Mon, 06/29/2015 - 11:43 | 6249636 Surveyor4Pres
Surveyor4Pres's picture

You bet your A$$ there'll be an attack next week...

An attack on True American Patriots by the Federal Government.

TPA-->TPP-->JADE HELM, July 15, 2015-->GUN CONFISCATION-->CIVIL WAR-->RESTORATION OF OUR CONSTITUTIONAL REPUBLIC

HERE'S MY LIST OF FLAGS THAT I'LL BE FLYING FOR JULY 4TH:

Gadsden Flag (Don't Tread On Me)

MOLON LABE

US Flag, Upside Down

State of Mississippi Flag (Contains the Confederate Flag, which to me is now a symbol of the FED's attack on our First Amendment Rights)

Wyoming Flag (Where I live)

(Sorry for all the BOLD, the comment app broke mid-stream)

Mon, 06/29/2015 - 11:44 | 6249641 Holy Roller Empire
Holy Roller Empire's picture

Wake me when it's down 20,000. I might be interested then.

Mon, 06/29/2015 - 11:46 | 6249649 fowlerja
fowlerja's picture

Wow..the stocks of the world must not be tied to fundamental financial operating statements..some little country is unable to make a debt payment .. and your stock gets greased over...

Mon, 06/29/2015 - 11:58 | 6249693 Billy Shears
Billy Shears's picture

Really, pffffft!!!!! Wake me when it's 2000 points.

Mon, 06/29/2015 - 12:01 | 6249698 juicy_bananas
juicy_bananas's picture

We plunged some folks.

Mon, 06/29/2015 - 12:15 | 6249750 disabledvet
disabledvet's picture

"Greece opens at zero by not opening."

Move along...

Mon, 06/29/2015 - 12:15 | 6249751 Expat
Expat's picture

If it were real money belonging to real people (as opposed to billionaires), this would be a fertile debate.

That said, I chuckle when Hair-Do's on CNBC (or any media) treat a 1% up move as normal and expected while a 1% down move is the end of the world! 

Mon, 06/29/2015 - 12:23 | 6249785 Keep Shootin
Keep Shootin's picture

Green by 4pm

Mon, 06/29/2015 - 13:47 | 6250275 Silver Sativa
Silver Sativa's picture

The algos that manipulate the stalks around the world will figure something out by Tuesday. Red today, green tomorrow.

Mon, 06/29/2015 - 12:29 | 6249818 MollyHacker
MollyHacker's picture

Italy will be following Greece out of the EU. There won't be the drama like Greece's bailouts.

Mon, 06/29/2015 - 12:37 | 6249862 SMC
SMC's picture

Down 2000 before summer is over? or more funny money printing for "Just Us", their minons, and the FSA?...  LOL

Mon, 06/29/2015 - 12:41 | 6249894 BeerMe
BeerMe's picture

Maybe we can finally get a 500 point drop today...Probably will finish green...

Mon, 06/29/2015 - 12:44 | 6249923 f16hoser
f16hoser's picture

DOW gives up 2015 gains. And this is news why? We all knew the stock market is phoney as a $3 Dollar bill. Get more Gold/Silver Bullion Bitchez'

 

Mon, 06/29/2015 - 15:35 | 6250852 SurlysonofaBitch
SurlysonofaBitch's picture

Cash,  bitchez!!!

Mon, 06/29/2015 - 22:26 | 6252405 Hope Copy
Hope Copy's picture

1928 in an excellerated deluded faith market.  It really depends on how long the 401k and other money managers can play a stable or 2% overall uptick over a quarter.  The office 5% are the monentum to this insaine market with the delusion of retirement in a pristine tropical environment and they don't have any other incling of what to do with their retirement funds.

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