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Nasdaq Breaks Below Key Technical Support, Plunges Most In 10 Months
The Nasdaq has dropped almost 3.5% in the last 3 days - the biggest drop since October 2014 collapse. This drop has pushed the all-important tech high-flyer back below its 200-day moving average for the first time since Oct 10th... just before Bullard unleashed the threat of QE4...
The Nasdaq has gone nowhere now in six months.
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But stocks are only allowed to go up in the land of the free.
What happened to Old Yeller's put?
Bernanke made a great escape and is now making 7 figures at Citadel
Is the hit shitting the fan now?
Release the Bullard
C'mon...
We need a "SINCE LEHMAN" fix Tylers!
Remember that feeling of morbid fascination and wonder while watching the 2008 crash in real time, day after day seeing the pre-shocks unfold, then minute by minute as the big one hit, knowing you were observing a significant moment in history unfolding?
I am getting the same exact feeling now, that tingly mixture of excitement and apprehension that feels almost supernatural. (It's my substitute/alternative for panic, because only stupid people panic.)
I hope someone remembers to turn the fan on.
Well then, is the fan hitting the shit now?
Been a long time...but I would expect a dear-in-headlights sign pretty soon along with all the TA breakdowns.
Will there be a bbrown-out or black-out before the fan turns ?
Got SRTY ?
So are those PPT bastards busy buying TSLA, NFLX, AMZN, GOOG,AAPL,FB, etc? Get moving!
@justobsevering
Imagine what stocks would be valued at with out the yellen put.
Another 30% down is coming...
Bulltard better keep his damn mouth shut, unless he does qe4 right away...and if he does jawbone, the faggot market chearleaders better not run this market up again while pushing gold down....and if qe4 is started the dollar better collapse
Another class-filled comment. They just keep coming around here.
Been here since 2009 fag. Just had a few differnet names....libtards keep stinking the place up
Hey, pal, this is America, the land of the free and home of the brave. If you don't love it, leave it.
Iran executes people for even being suspected of being gay. You should go there. You'd fit in well.
Hey, pal, this is America where the Supreme court can illegally change laws because they feel like it. You should go to China, you'd fit in well. Go wrap yourself in a facist gay rainbow flag. I think it is YOU that needs to go, and BTW this is America and I can still speak my mind, even if you gay facists call it hate speech.
Understand this: once any society universally embraces and promotes the sodomite lifestyle, there is no going back. One cannot find a single civilization in history that has survived once homosexuality has become a driving, dominant force over it. It is both a divine and Natural Law. There is a huge difference between recognizing the civil rights of individuals to live immorally (that is a personal matter between the individual and God) and forcing society as a whole to grant societal acceptance and recognition to the immoral act. To quote Rand Paul again: “The government should not prevent people from making contracts but that does not mean that the government must confer a special imprimatur upon a new definition of marriage.” Yet, that is exactly what the Supreme Court has done.
As I have noted several times, the right of civil contracts includes the right of homosexuals to enter into civil unions. But marriage is NOT a civil union. Nor is it merely a civil contract. In fact, real marriage is NOT a civil matter at all. It is a spiritual matter. Civil governments can recognize or not recognize all they want; it doesn’t change the definition of marriage one iota. Civil governments can no more redefine marriage than they can redefine worship or prayer. Marriage is a divine institution. Therefore, it is completely outside the scope and jurisdiction of SCOTUS or any other civil authority.
"Hey, pal, this is America, the land of the free and home of the brave. If you don't love it, leave it."
You must be joking...?
I don't think he understands that there are way more of us than him, maybe he shoud gtfo? If he doesn't realize we are a national socialst state by now, there's no helping him. The silence from Tsar pointless after I owned him is funny and tells the story.
Perpetually butthurt?
Most honorable gentleman, I trust the day fares you well, good sir? May I interest you in some auto-fornication?
Get ready to buy. Plunge protection rip on zero volume ahead!
BOHICA one and all......
TA is a joke. The Nasdaq is overvalued by thousands of points. Wake me up when its down 50%.
Yep. TA is for suckers. Has been for seven years now.
When they want the plunge to happen, or for the markets to just grind to a halt, no amount of TA will help.
Well, the OTHER kind of TA could, but not this kind.
Instant poverty-in-a-can could bring about a glut of 'T & A'... Sad endings for some, 'happy-endings' for others...?
TA not broken at all...all TA does is help you understand where money is flowing and the occasional clue of trend reversals. You can also read the tape to find big buyers or sellers to front run. I've always thought TA was more useful on intraday setups. Find the patterns you trade well and execute. TA works if you have a brain. Patterns change (HFT) so you have to be nimble.
Plenty of algos coded to only trade technical setups...you also have algos coded to try and trick you...get a basket of stocks you like to trade and watch them. You'll figure out HFT patterns for that given stock. Watch your industry leaders and indexes to find relative strength or weakness.
If you aren't some emotional dumbass there is easy money to be made daily
TA is broken because there are no fundamentals when the PPT is shorting gold ad infinum. Gold is rehypothicated many times over already. If anyone ever tried to take physical possesion in a large order it would clear the market. When people realzie the gold they think is in vaults isn't, well, then cue the sirens.
With respect...TA has nothing to do with the fundamentals of a company (although in a real market TA could be a clue into a corporations fundamentals.) TA is learning how to read a chart, the clues you get from your TA increase the probability of a successful trade. TA in gold market would have told you to be short paper gold for years...not to say it's not a good long term investment...but it's obvious through TA where the price was going
Ok but it'll only be a nap.
release the kraken, er, bulltard
(false-)Recovery may require the combined tri-fecta power of BULLARD-CRAMER-LIESMAN with a follow-up dollup of GARTMAN.
Where are the "Leaders"... on Fire Island too soon ?
Where has the gusto gone ?
Lordy what is it gonna be like when Twatter and all the rest of 'em start laying off by the busload... Lighter traffic...?
GIT YER DJ 16K HAT RIGHT HERR!
Gold and silver is way up the past two weeks, from $1080 to $1150 today and still climbing.
The traders have no imagination, they are simply panicking and putting money into "something" they think won't go down. It's turning into a stampede. The more they see gold go up, the more they want to move money into it. It's a self fulfilling prophesy.
I said it a few weeks ago, when gold was near the bottom, that it wouldn't surprize me at all if gold in the short term climbs to $1250 to $1300. But then it will come back down too, after the stampede subsides.
I had you +1 until the end. Gold is not a momentum trade in the long run; it is a wealth preserver. This stampede looks like it will gain momentum, and considering no one owns gold there is a huge leg up ahead.
When gold is changing quicly, as it is now, it's definetely a momentum trade.
In the long run, the value of gold is simply desire. That desire is influenced by greed or fear which make it go up, and lack of greed or fear, which makes it go down.
What 'traders', the Crimex, LBMA and the rest of them do at this late juncture is essentially meaningless, other than to further neuroticize the already frantic neurosis that defines the (paper) PM markets. Geopolitics and the protection of $USD supremacy via aircraft carrier battle groups is all one need stay focused on for insights into what the future holds.
Yep - pull out the stops: Bullard, PPT, maybe Warren Buffett for a soothing pep talk.
Get the NY Fed desk buying, Citadel & Fortress or whatever, get GS and JPM involved in exchange for even more favors and preferential treatment, call Israel, etc, etc, etc.
We are just a half-step or less above China in regard to what we are willing do to stop falling stock prices.
Are you speaking of the brilliant minds over at Fortress Investment Group? The folks who went long Swiss Francs? AND own Nationstar Mortgage, LLC where high (pun intended) execs are jumping ship? Yeah, call Fortress!
The clown ships become exposed when they actually have to rely on honest work and honest business. Sister fuckers, all of them. NSM stock tanking for a reason.
This market is tanking big-time. They can do a little here, a little there, try to stem the worst losses, but the tide is going out, and there's nothing they can do to stop that.
The market has been fueled by wishes, there ARE no fundamentals to prop it up. At some point, you reach a critical mass of people who suddenly realize that, and they pull their money out.
Yellen and Co. can only watch helplessly from the corner they have painted themselves into.
I foresee Congressional hearings in a few years, with Yellen and other CB'ers being grilled by politicians over their actions...these pols, after facing their angry constituents, will be desperate to find a scapegoat, and the Fed will do nicely. There is already a growing call to audit, or eliminate, this central bank. An economy doesn't need such institutions, so they will be sacrificed in an attempt to place the blame for the mess on them.
Both have responsibility for the mess, but watch how fast our elected leaders throw the Fed under the bus when TSHTF and people start calling for heads...
And the response will be "No one could have seen this coming" and all will be forgotten.
Ooops!
Not forgotten - Followed by a bailout because the banking system is so vital to our well-being.
No, that's over. There won't be any more bailouts. If the banks get in trouble again, they will be nationalized, then regulated like utilities. Their days of freedom to 'run' the financial system will be over.
There won't be any more Hank Paulson "tanks in the streets" moments. I hope they understand this. Even if certain members of Congress may want to bail them out again, the political winds are blowing too strongly in the opposite direction. There will be too many people demanding heads for Congress to ignore. The political fallout of any suggested bail-out of these banks AGAIN will ensure they are not, not this time.
If they fuck up again, they will be taken over, and the matter taken out of their hands. And this time there won't be any 'little Timmeh's' to secure their bonuses...there will be handcuffs, perp-walks, and appropriate 'sacrifices'.
And there will be a lot of re-thinking about our current financial system.
JBTFDYSFI - bottom is in.
The markets are recognizing that the Fed has NO AMMO!
Ali Ba Bye Bye
so 5000 is the peak...
On the way back to green by the end of the day.