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Dow Down 1000 Points From Highs, Small Caps Swing Red Year-To-Date
But but but... the smart men on TV said a) rate-hikes are priced-in, 2) rate-hikes are bullisher for stocks than rate-cuts (why would The Fed raise rates if everything was not awesome?), and thirdly) buy the dip! It appears The Fed knows it is going to need some ammo sooner rather than later...
From 18,351.36 on May 19th, The Dow (cash) is now at 17,345...
But it's not just the mega-caps, The Russell 2000 (small caps) has tumbled back into the red year-to-date...
Charts: Bloomberg
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That cannot be allowed to stand in the land of free markets.
Has Citadel been banned from trading in the land of the free too?
What is this 'free market' of which you speak?
The fairies just told me to buy the dip and they wouldn't lie... would they?
Gold and silver are sky rocketing after the usual jobs report smack down this morning...interesting....
Short squeeze. Was expected. Plus, APMEX just emailed me about a 5 hour sale, like clockwork, so now I KNOW it's a short squeeze.
We'll probably resume downward by Monday or Tuesday, maybe even by close today.
Why is gas still $3.20 a gallon here in Portland, Oregon? Went to Walmart (I know...Sorry..it is a close neighborhood market) and got 1/2 gallon of milk (Organic) $4.96. That is almost $10 a gallon. Organic food is the only TRUE measure of what things really cost rather than the Monsanto, corn syrup steroid ridden shit fed to the sheeple. It is funny to me when people say "Organic is so expensive.." Really? Hows that Health Insurance treating you?
lol brilliant comment
I love cows milk like a lot of people but it is really for calves, not people. And all that shit they pump into those poor animals make the milk pretty toxic. Organic MIGHT be better but I don't trust those packages. Better to just minimize milk consumption till the whole world burns down and cows are free to roam as they want again.
soon.
We need the FED to prime Goldman with a few trillion to prop this up.
BTFD!
BTFT!
Just buy dammit!
(and Madonna says we only got 4 minutes to save the world. And that we should grab aboy grab a girl.)
Who?
God himself can NOT sink this stock market!!!!!
Isn't Old Yeller the God of our markets?
Sooooooooooo...... we're raising rates then? Lol......
Fuck the Dow.
Miners having a nice Bear rally...
good news is if buying each one of those dips you should of still made money. Big enough swings with priceaction to take some off table and move to breakeven at a min.
enjoy the London ramp goin into their close....again.
....And UVXY is down, AGAIN!!!
No volatility....everyone go back to sleep or watch TV and drool on yourselves!
UVXY is a dog
Heads you lose, tails you lose.
Check the 2 year performance
So a 5% decrease is somehow news.
Helpful tip to the tylers:
Decrease the chart scale to increase the slope of red line. Will really make it look like an fn crisis.
Time for the hockey stick today