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Dow Up 1000 Points Off Opening Lows

Tyler Durden's picture




 

Well that un-escalated quickly...

 

 

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Mon, 08/24/2015 - 14:00 | 6464350 PrimalScream
PrimalScream's picture

HAHAHA!!!  they are trying really hard today ... news ... "US Markets stabilized".

Good luck with that one.

The CEO's already know - they have to offload now.  Nobody's gonna bet their life savings on a bunch of hot air. Same exact thing happened in China. 

Mon, 08/24/2015 - 14:00 | 6464354 starman
starman's picture

Hahahahahahahhahahah

Mon, 08/24/2015 - 14:02 | 6464359 djsmps
djsmps's picture

CNBC Power Lunch - Some guy just said "The global recovery is continuing and the US is leading that recovery." And now the English twit Simon is on followed by Bob Pisani.

Mon, 08/24/2015 - 14:05 | 6464374 youngman
youngman's picture

Yes I just saw that...he does not know John Deere..or Cat....or GM and Ford...or see any news from China...and Oil and gas are doing well in his book...

Mon, 08/24/2015 - 14:06 | 6464383 devo
devo's picture

Today's probably the first day in five years anyone has watched CNBC, and it's to laugh at them.

Mon, 08/24/2015 - 14:03 | 6464365 youngman
youngman's picture

If China is down big again tonight..its the same game tomorrow..but less bounce every day....

Mon, 08/24/2015 - 14:03 | 6464366 Sanity Bear
Sanity Bear's picture

Markets down 2% again... doesn't look so dramatic on the daily chart but today's final number could still be worse than Friday's, depending on how tenacious PPT wants to be.

Mon, 08/24/2015 - 14:04 | 6464367 JDFX
JDFX's picture

" 79's ARE TRADING.. "

Mon, 08/24/2015 - 14:11 | 6464400 orez65
orez65's picture

Wow! The 1,000 point DOW upswing is an announcement to all that want to get out of the market.

There is a "sucker", also known as "The Federal Reserve" who will buy all comers!

Where will they put their cash??

Mon, 08/24/2015 - 14:11 | 6464403 orez65
orez65's picture

Wow! The 1,000 point DOW upswing is an announcement to all that want to get out of the market.

There is a "sucker", also known as "The Federal Reserve" who will buy all comers!

Where will they put their cash??

Mon, 08/24/2015 - 14:33 | 6464519 Hilroy
Hilroy's picture

it's almost like someone has decided to play the part of "Greater Fool" or perhaps "Greatest Fool" .  lol 

Mon, 08/24/2015 - 14:33 | 6464520 Vullsain
Vullsain's picture

A historical tidbit from David Stockman

"Note also that if especially strong rebounds occur (in the form of very large one-day rallies), this would actually be another negative signal, as the biggest one day rallies tend to happen shortly before truly gut-wrenching sell-offs begin (recall in this context the more than 1,000 point advance in the DJIA in 2008 after short selling of financial stocks was banned – it proved to be the prelude to the crash. Similar moves could be observed prior to other crashes as well)."

Mon, 08/24/2015 - 14:12 | 6464413 bid the soldier...
bid the soldiers shoot's picture

Caesar..........   The Ides of August are come.

Soothsayer....   Aye, Shorty, but wait till 3:40

Mon, 08/24/2015 - 14:19 | 6464448 I Write Code
I Write Code's picture

Aooga, dive, dive, dive again!

Mon, 08/24/2015 - 14:23 | 6464473 Sanity Bear
Sanity Bear's picture

and pop again right off the 16k mark... this is so obvious

Mon, 08/24/2015 - 14:41 | 6464577 bid the soldier...
bid the soldiers shoot's picture

+ 1 for aooga

Mon, 08/24/2015 - 14:33 | 6464522 BurningBetty
BurningBetty's picture

"Hey! Every time we get in there with our PPTs we are putting YOUR savings and your hard work on the line, while we are letting our friends on Wall Street jump ship. Greetings from Yellon the Felon!"

Mon, 08/24/2015 - 14:37 | 6464543 Vullsain
Vullsain's picture

We need some lynchings to pay for this theft.

Mon, 08/24/2015 - 14:43 | 6464593 stormsailor
stormsailor's picture

looks like the shot is wearing off. its getting back down to the gaping maw.

Mon, 08/24/2015 - 14:53 | 6464668 RabbitChow
RabbitChow's picture

No, NO!  Hy-Brasil is not sinking...

https://www.youtube.com/watch?v=qJh6EQ5gv7g

 

 

Mon, 08/24/2015 - 14:48 | 6464634 stormsailor
stormsailor's picture

head and shoulders on the 1 minute /es.  go short and thank me at the close

Mon, 08/24/2015 - 14:52 | 6464651 PrimalScream
PrimalScream's picture

You think maybe ... someone ... traded that market action in BOTH directions.  Of course, that would mean that they knew when the short covering rally was about to begin.

Mon, 08/24/2015 - 14:57 | 6464689 bnbdnb
bnbdnb's picture

Yep. As I said earlier. Its rainbow day.

Mon, 08/24/2015 - 14:56 | 6464684 GDTRFB1
GDTRFB1's picture

I hope this fucker closes back at the lows, nice to be right once in awhile. Good times

Mon, 08/24/2015 - 14:58 | 6464697 bluskyes
bluskyes's picture

That's just a flesh wound

Mon, 08/24/2015 - 14:58 | 6464698 MedTechEntrepreneur
MedTechEntrepreneur's picture

Janet is BUYING!  (and probably "Belgium" too)  What a fraud...

Mon, 08/24/2015 - 14:59 | 6464704 I AM SULLY
I AM SULLY's picture

This kind of shit happens all the time.

(sadly)

https://www.youtube.com/watch?v=E8b4xYbEugo

Mon, 08/24/2015 - 15:00 | 6464708 stormsailor
stormsailor's picture

well if that head and shoulders is valid like back in the ald days, it should break down 1.5 times the bottom to the top, about 1785 if you set your stops right it could be a humongus payus.

Mon, 08/24/2015 - 15:02 | 6464715 bnbdnb
bnbdnb's picture

circuit breakers will prevent that. dj -900 tops.

Mon, 08/24/2015 - 15:02 | 6464718 bid the soldier...
bid the soldiers shoot's picture

come on Peeps,  

Today isn't just going to be an every day, garden variety one day reversal.

It's starting to set  up for a quadruple reversal. (how often do you get one of those?)

Dudes, think about it.  THE CROOKS ARE RUNNING THE SHOW!

Mon, 08/24/2015 - 15:06 | 6464740 I AM SULLY
Mon, 08/24/2015 - 15:40 | 6464967 bid the soldier...
bid the soldiers shoot's picture

Informed guy but he didn't mention China or Tianjin once

Mon, 08/24/2015 - 15:33 | 6464920 stormsailor
stormsailor's picture

the crooks have always run the show, it's just that they use to be much smarter.   now they are stupid.  we need smarter crooks.

Mon, 08/24/2015 - 16:08 | 6465123 bid the soldier...
bid the soldiers shoot's picture

Dunno, SS, I have always though the Chinese were a lot smarter than they were given credit for (playing dumb is a smart move, no?).

But they possess most of the money, and possession is nine points in a game of ten.

Mon, 08/24/2015 - 15:05 | 6464732 GDTRFB1
GDTRFB1's picture

still of the lows per cnbc haha

Mon, 08/24/2015 - 15:14 | 6464792 stormsailor
stormsailor's picture

think or swim stopped again, thats twice today

Mon, 08/24/2015 - 15:18 | 6464810 Automatic Choke
Automatic Choke's picture

dropping like a paralyzed falcon right about now.....

.....another roller coaster?  get out your barf bags!

Mon, 08/24/2015 - 15:18 | 6464812 jmaloy5365
jmaloy5365's picture

Oh, OK ....I get it now...BTFD....THE FLASH CRASH DIP.....people need to be more specific around here....

Mon, 08/24/2015 - 15:25 | 6464862 I Eat Your Dingos
I Eat Your Dingos's picture

Bloody Monday to normal Monday... Jeez PPT musta broken a sweat or two today. Tons of keyboard clicking and tapping

Mon, 08/24/2015 - 15:26 | 6464867 stormsailor
stormsailor's picture

look at that pathetic shit. no volume up 5 handles. to bad its followed by 20k shares down. that low volume bs isn't going to float the last hour like the past 6 years

Mon, 08/24/2015 - 15:39 | 6464874 Sanity Bear
Sanity Bear's picture

for shits and giggles check out finance.yahoo.com and refresh the page rapidly - it's showing something like an 85 point spread depending on which server the load balancer is giving you the price from

 

 

added note: I just saw a 170 point gap

Mon, 08/24/2015 - 15:46 | 6465013 bid the soldier...
bid the soldiers shoot's picture

okay  3:40 in NYC

Did the Chinses pull their 'sells?'

Mon, 08/24/2015 - 15:47 | 6465017 bid the soldier...
bid the soldiers shoot's picture

down 289 (from over -500) @3:47

 

Mon, 08/24/2015 - 16:01 | 6465093 bid the soldier...
bid the soldiers shoot's picture

Sorry for the false expectations, guys.

I suppose China is a lot more pissed about Tianjin than Blankfein thought. 

Mon, 08/24/2015 - 15:53 | 6465049 I Write Code
I Write Code's picture

Geez, I thought the Dow was lifting and separating into the close, but then it dropped 90 points in a snap, back down 455 again.  Oops.  I think most everything is going to close right in the middle of its daily range.  Coinkidink.

Mon, 08/24/2015 - 16:00 | 6465084 _SILENCER
_SILENCER's picture

Fuckin' Skynet. It's not looking at who is losing their minds, it's looking at those that stay cool and know the game is rigged, targeting them for Termination.

Mon, 08/24/2015 - 16:02 | 6465099 bid the soldier...
bid the soldiers shoot's picture

Dow 16,000 we hardly knew ye

Mon, 08/24/2015 - 16:08 | 6465124 stormsailor
stormsailor's picture

dji close down 588.47, spx down 77.66,  /ym dow futures still drilling down at -691 and /es -94 with 9 more minutes till stop.  this day was a lot like back in 08, very very rare to see a lock limit down on all exchanges.  this is a long long way from over nikkei and hang seng open at nine.  if there is more carnage you could see the same thing in the /es tonight, or worse.

Mon, 08/24/2015 - 16:15 | 6465203 Kelley
Kelley's picture

Ladies and Gentlemen, we are now on to Plan B.

 

Sell the Effing Dip.

Mon, 08/24/2015 - 16:16 | 6465211 stormsailor
stormsailor's picture

ps here is a good real time world equity exchange to watch http://www.investing.com/indices/major-indices.   i bet the fed injected 500 billion today to make that turn around and lost 2/3 of it.  i don't know if they can keep that up for long, i know we like to pontificate that they have a limitless supply of 00000.  but they will have to arrange some bigger conduits to feed this to keep it from an absolute rout.  there are really no stops all the way back to march of 09.

Mon, 08/24/2015 - 16:19 | 6465238 stormsailor
stormsailor's picture

closed on a big long 17point dangler.  round 2 tonight, the fed took a lot of head shots and body punches in that first round.

Mon, 08/24/2015 - 21:11 | 6466619 VW Nerd
VW Nerd's picture

So, the pointed trough at the bottom of the chart.  Everyone at the exact time decided to bid the market?  Or did Mr. O call Janet and tell her to have the PPT tighten their jock straps and go in.  Chart definitely doesn't look too kosher.  Something "odd" happened....

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