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Dow Dumps 600 Points From Monday's Jubilant Highs
From 18,075 highs, The Dow Industrials - hit by a smorgasbord of missed earnings and weak guidance - has collapsed 600 points from its highs a week ago... This is the worst week for the Dow since January...
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clearly, it's time for the fed to release some dovish signals
it still has more to go down. Needs to drop another 4-5000 pts.
4-5000 pts., x 2...
Love the smell of fear in the morning!
Buy this fucking dip.
Get your hands in the air, folks
We are approaching the peak of the hill.
Now scream like a little girl as we plummet down into the valley of despair.
Weeeeeeeeeeeeeeeeeeeeeeeeeeee!
Fuck you Capital One
Fuck you Samuel L Jackson
Fuck you Alec Baldwin
Fuck you Jennifer Garner
I'd take Garner for... ;)
4-5000 pts., x 3
Needs to drop another 14-15,000 points............there fixed it for ya.
Like flies on shit... we doomster rush to ZH and love the negative news.
It's about the only honest news, so there's that.
ZH is the Yin to the CNBC Yang?
I consider it positive news myself......
Touché knucks... Consider it positive for me too :)
Time for a rate hike. No?
Maybe three. This way they have some room to help during the next economic downturn...
Better hurry, though...
Time to get out the DOW 10,000 hats !!!
Overheard by the Noob trader's water cooler:
"It can go down?"
stocks go sideways as well as up
BTFD.
Ha.
Lloyd sez... the doctor ordered more QE!
Except more QE means less rehypothecation, which the banks need. They will need to do more QE, but more QE will break shadowbanking. They will need to raise rates, but rising rates will nuke creditors and debtors, including the US government. This is quite the quandary that our ponzi financiers find themselves in.
When everything breaks and nothing will work the only solution is war.
Blame Canada....
https://www.youtube.com/watch?v=bOR38552MJA
ok, everybody Idiots stay calm...
Not a knife-catcher in sight all day. Tuesday my screens pointed to DJIA 17,250 by next Monday and here we are just 300 points and only 1.8% away:
http://bigcharts.marketwatch.com/quickchart/quickchart.asp?symb=djia&insttype=&freq=6&show=&time=2
kevin has his orders. no pumping until 3:30.
Commodities crashing, "markets" tanking , global eCONomies crashing, clearly it's time to raise rates.......Lol....
7 years and the Fed overstayed their welcome at zero. Now, it's too late and if there is a severe down cycle, all they have is more QE or negative deposit rates. We'll see how well that goes over.
Yep, NIRP is coming.
My guess is that the market will be walked down in order to justify a delay in rate rises. Not sure if that's right now or not.
no way is that now. First we go up to 18K+ to screw over all the shorts, THEN they walk it down just enough to not set off catastrophic selling but enough to delay a rate hike. Maybe Janet is actually one of the Flying Walendas....(who let herself go)
Well, they hope they can walk it down. Otherwise, they get to battle the waterfall. Rest assured though, they'll find some reason to delay the rate hike that finishes off our modern world.
No worries Banksters Inc. will gather this weekend out on the Vineyard for some noshing and cocktails, they'll get this little interruption fixed right up.
Paging Jack Yellen, please pick up the red phone.
Someone has obviously made a little oopsie... we just had the lowest unemployment claims in decades, so I guess everyone is employed and making a lot of money but.... not spending it.
Well.... they'll figure out the messaging by the time the Sun morning shows are on...
You don't have to fire part-timers. Just cut them back to one 4 hour shift.
Voila! Fewer unemployment claims.
So it is just a question of rates. But today's econmy is already the result of zero rates. To keep them at zero will change just the investors' mood, but not the real economy. At the end everybody must understand that the market does not make the economy, but rather it is the way around.
it will come back, the hookers in the hamptons need some chedder this weekend
Suspect VWAP algos may be responsible for those cute little 2-min volume spikes around 2:30 - 2:45, they've got a chance in SPY and RUT, but not likely in the QQQs. If they make it, the sudden dump will be rather comical ...
Volumes have been consistently below average on the TZA/TNA leveraged ETFs on the RUT the last couple of weeks, but risk is pretty much off, the algos couldn't dump the last 1/2 hour, though they tried. I'm going into the weekend very, very green with a boatload of TZA. Rut has busted the hell through the 50 dma, headed for the 200...
Yee Ha! It's just play money anyhow, but for some perverse reason, I like making money on TZA a LOT more than on TNA.
I don't quite have the courage to hold that overnight, but I guess you're hoping for the 200 DMA or lower. My only worry would be the Daily Keltner, a fave bounce spot for RUT ninjas, is right there. Wish I'd traded TZA today, instead I toyed with SQQQ, which did very well, but I got out much too early, for no apparent reason, rather than follow my methodology. Ah well, good luck to you.
Buy!
Nothing has changed.
Hildabeast will destroy the US government.
Friday afternoon...the peasants need to get off on thought of some smug coke sniffing whoring broker wondering IF this might be the big one or an early tremor right before. By the way ..David Stockman says REAL unemployment is more like 42 percent...he sure is closer than the swine in govt who make up their own numbers. All in all the thought of Wall Street having a massive meltdown does my heart some good...onto a JD and some smoked salmon.
Vote up!
0Vote down!
0Last week I told my wife to move everything to UST from SPX. She thinks I am a financial genious. I wanted to get ahead of start of Jade Helm.
The Bear Stearns algorithm of quantum economic destruction is replicating faster now. Wall Street should have payed close attention to Mandelbrot before he died, methinks.