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Stocks Are Tanking - Dow Hits 6-Month Lows

Tyler Durden's picture




 

The Dow is now down for the 6th day in a row (and 11 of last 13 days) as it tests 17,400 - its lowest level since January. With The S&P and Small Caps tumbling towards red year-to-date, Nasdaq remains 2015's big winner but is falling precipitously today...

 

The Dow is down to 6-month lows...

 

as the entire equity complex tumbles..

 

as heavy volume is pressing stocks lower...

Year-to-Date, things are fading fast.

 

We're gonna need a bigger PPT!

Charts: Bloomberg

 

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Thu, 08/06/2015 - 11:43 | 6397488 silver_stacker
silver_stacker's picture

Are the sheeple finally waking up to reality?

Thu, 08/06/2015 - 11:45 | 6397501 Bank_sters
Bank_sters's picture

China and Russia are dumping US treasuries.   QE4 is gonna be epic!

Thu, 08/06/2015 - 11:48 | 6397523 Jack of All Trades
Jack of All Trades's picture

We'll definitely see QE4 before any kind of a rate hike. . .

Thu, 08/06/2015 - 11:59 | 6397588 Four chan
Four chan's picture

death cross.

Thu, 08/06/2015 - 12:08 | 6397661 nosam
nosam's picture

Coming up, the perfect storm.

Thu, 08/06/2015 - 12:29 | 6397785 OrangeJews
OrangeJews's picture

Stack 'em!

Thu, 08/06/2015 - 12:09 | 6397672 Rockatanski
Rockatanski's picture

not unless "the Plan" IS to crash the system for the big reset.

Thu, 08/06/2015 - 11:55 | 6397561 nuubee
nuubee's picture

This is just a flutter of the eyelids, not awareness.

Thu, 08/06/2015 - 11:56 | 6397574 PartysOver
PartysOver's picture

Exactly, just a brief wake up to take a leak.  Then back to the slumber.

Thu, 08/06/2015 - 21:24 | 6399720 redd_green
redd_green's picture

Greeple.  Freeple.  Kazeeple.

Thu, 08/06/2015 - 11:44 | 6397495 Dr. Engali
Dr. Engali's picture

Fuckers are only supposed to go up. What gives? Tell me what to do Jim Cramer.

Thu, 08/06/2015 - 11:54 | 6397558 KnuckleDragger-X
KnuckleDragger-X's picture

It's all those snow storms in New England and the hurricanes in Florida and.......

Thu, 08/06/2015 - 11:55 | 6397560 jump_mutha_fukah
jump_mutha_fukah's picture

Buy Buy Buy....Green Mountain is on Fire! Get in there with both hands.

Seriously...covering shorts in Russel here and just putting feet up on the coffee table for a bit . Jobs# could give a Friday strike pinning bounce for another oportunity to re-short at higher levels.

 

 

Thu, 08/06/2015 - 12:04 | 6397629 spastic_colon
spastic_colon's picture

thank god FB is holding up or the indexes would be getting hammereder / s

Thu, 08/06/2015 - 11:44 | 6397496 Ness.
Ness.'s picture

If this post doesn't stop the selling - we might actually be in trouble here.  #timestamp

Thu, 08/06/2015 - 11:46 | 6397506 madcows
madcows's picture

treasury yields are dopping, too.

Thu, 08/06/2015 - 11:46 | 6397508 JustObserving
JustObserving's picture

Stocks only go up in the land of the free.  It's God showering his blessings on his favorite land.  Or, perhaps, Old Yeller manipulating markets higher through Citadel.

Thu, 08/06/2015 - 11:50 | 6397512 Yen Cross
Yen Cross's picture

 That drop in NDQ is a thing of beauty. :-)

 "We're pleasantly fucked, and long dildos in yen terms."

  ~Dennis Gartman~

Thu, 08/06/2015 - 11:47 | 6397513 Kaiser Sousa
Kaiser Sousa's picture

"green in the last 2 hours of  trading...."

Sincerely,

Janet Lew

 

Thu, 08/06/2015 - 11:48 | 6397521 Omega_Man
Omega_Man's picture

if the prices are going to where they are worth,,, then it isn't tanking, it is finding the realistic market value.... which is most cases in squat

Thu, 08/06/2015 - 11:48 | 6397522 WTFRLY
WTFRLY's picture

Gooooooood, let the butthurt flow through your markets.

Thu, 08/06/2015 - 11:58 | 6397564 Haole
Haole's picture

...only another 8 or 10,000 to go.

 

"You'll hear the printing presses from Mars". - Marc Faber

Thu, 08/06/2015 - 11:58 | 6397582 redbird
redbird's picture

Youll never believe this but.....I heard sonething really bad is coming this September.

Thu, 08/06/2015 - 12:10 | 6397681 nosam
nosam's picture

This summers gonna hurt like a Mother***cker.

Thu, 08/06/2015 - 11:58 | 6397584 Make_Mine_A_Double
Make_Mine_A_Double's picture

I wonder how much of this is foreign funds dumping equities to raise cash - Saudis, ChiComs and such. The Mo Mos are getting asspounded and isn't that where alot of the fast money was.

Thu, 08/06/2015 - 12:16 | 6397716 scraping_by
scraping_by's picture

It's arguable whether the Fed started stock market reinflation in March or April of 2009, but it's sure that six years is a long time. The river of money can't flow forever. Not and remain real money.

Thu, 08/06/2015 - 12:26 | 6397764 swmnguy
swmnguy's picture

"...Since Lehman."

I'm not sure how that fits in but I'm sure it does somehow.

Thu, 08/06/2015 - 12:29 | 6397778 Squid Viscous
Squid Viscous's picture

BTFD, a blissful August in the Hampsteins will not be interrupted, not at $50k/month rental fee

Thu, 08/06/2015 - 12:29 | 6397788 OldBoy
OldBoy's picture

Let the blood bath continue 

Thu, 08/06/2015 - 12:33 | 6397807 buzzsaw99
buzzsaw99's picture

That's not right... [/mortimer]

Thu, 08/06/2015 - 12:40 | 6397869 GRDguy
GRDguy's picture

If you think of all the loans that have been made, via QE, TARP and derivatives, as TITLE loans, then you'll understand what will happen when payments can't be made.  TPTB gets legal title!  Amazing. Create thin-air money, use it to loan against collateral of title, then crash the system so payments can't be made.  Only true financial sociopaths would do that. We call them banksters.

Thu, 08/06/2015 - 12:42 | 6397882 franzpick
franzpick's picture

Who needs to listen to 10 air-bag presidential candidates on stage when Mr. Market is approaching the podium with his long-delayed warning on the impending equity valuation collapse. See the free, live futures, weekly and monthly:

http://www.investing.com/indices/us-30-futures-advanced-chart

Thu, 08/06/2015 - 12:44 | 6397896 I Write Code
I Write Code's picture

Ruh-roh, is The Janet going to allow this to happen?  I don't think this is her scenario.  Too much of this and the Dow 200ma turns flat - which I think Janet has gone back and forth on, whether she will allow it to flounder or whether it should continue to rise.

So let's see if Fed steps in to close on a green hour today, or stands back for 24-48 hours.  I'm not sure if they remember how to stand back.

Thu, 08/06/2015 - 13:53 | 6398257 Conax
Conax's picture

 

 

- We're gonna need a bigger PPT!

 

ROFL!  classic.

Thu, 08/06/2015 - 15:53 | 6398750 The Ingenious G...
The Ingenious Gentleman's picture

The US still has a number of tools it can use to keep the markets up.

First, throw anyone who shorts in the slammer.

Second, throw anyone who sells in the slammer.

Third, throw anyone who doesn't buy in the slammer.

Do NOT follow this link or you will be banned from the site!