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"Biggest Rally Of 2015" Crashes Into Biggest Reversal Since Lehman

Tyler Durden's picture




 

Did you drink the Kool-Aid?

 

It appears not everyone did... The first 6-day losing streak for the S&P 500 since July 2012...

The S&P 500 has gapped up +3% and closed down on the day only once since the inception of the futures, 10/16/08 (h/t @sentimenttrader)

 

Call that a bounce-back...?

 

Across asset-classes the last 2 days have been 'eventful' to say the least...

 

The Dow is down almost 700 points from the post-PBOC highs!!!

 

Stocks bounced, half-heartedly... but Nasdaq was on target for its best day of the year... (and best since the first trading day of 2013's meltup) before they puked it all back in the last hour...

 

Cash indices remain red on the week as once again Nasdaq was driven up to unchanged before the selling pressure resumed..

 

While we are well aware of the 'hope' priced into this rebound, the actual gains from the China rate cut

 

VIX was total chaos...

 

None other than Eric Hunsader summed it all up perfectly...

What was really driving stocks today was simple - USDJPY fun-durr-mentals...

 

Utes were worst today (as rates soared) and Tech remains the winner on the week - though all S&P sectors are under water...

 

Still financials did not look overly excited...

 

Treasury yields were battered higher today - biggest rise in 10Y yields (13bps) since Feb 2015...the late-day selloff in stocks put a modest bid into bonds... We can't help but wonder if this move is rate-lock-buying ahead of panic-last-minute corporate issuance before rates go up in Spetember

 

The US Dollar was bid as EUR weakened but JPY was critical...

 

Commodities were mixed with crude and copper bouncing back in anticipation and comfort at the rate cut as PMs dumped as the USD levitated...

 

Charts: Bloomberg

Bonus Chart: We're Gonna Need Another Rate Cut...

Bonus Bonus Chart: Is China really to blame?

 

Bonus Bonus Bonus Chart: Trade Accordingly...

 

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Tue, 08/25/2015 - 16:07 | 6469648 The_Virginian
The_Virginian's picture

I spent the last thirty minutes of the session with the second half of Free Bird playing on a loop in the background, at my office. Damn near perfect soundtrack.

Dip Buyers are in uncharted territory, now. They got a Central Bank to bail them out, and it wasn't enough. Tomorrow's going to be very interesting. 

Tue, 08/25/2015 - 16:10 | 6469686 Viffer
Viffer's picture

Well that escalated quickly.

Tue, 08/25/2015 - 16:16 | 6469751 Pool Shark
Pool Shark's picture

 

 

Meanwhile, over at CNBC:

https://www.youtube.com/watch?v=zDAmPIq29ro

 

Tue, 08/25/2015 - 16:19 | 6469787 FL_Conservative
FL_Conservative's picture

So the half-life of a PBOC/central bankster action is now less than 1 day's trading.  How's that feel, central planners?

Tue, 08/25/2015 - 16:22 | 6469811 Headbanger
Headbanger's picture

SINCE LEHMAN!

Got my fix..  Thanks Tylers!

Tue, 08/25/2015 - 16:23 | 6469821 johngaltfla
johngaltfla's picture

THIS is going to leave a mark.

CNBS entire on air staff are acting like someone came into their homes and cut their pets in half with a chainsaw.

Tue, 08/25/2015 - 16:27 | 6469856 TeamDepends
TeamDepends's picture

Yeah, the mark of the beast! 15,666 bitchez.

Tue, 08/25/2015 - 16:36 | 6469913 TheReplacement
TheReplacement's picture

15,666.44

15 = year

666 = number of the beast

44 = President Obama (44th)

I think I saw that on Bloomturd.

Tue, 08/25/2015 - 16:44 | 6469972 DaddyO
DaddyO's picture

MOAR CHART PORN!!!!!!!!!!!!!!!!!

I love the story that Tyler tells with his mastery of chart porn...

Unfortunately, this story is going to end in a nightmare!

At least that is what the tea leaves at the bottom of my cup seem to be saying.

DaddyO

Tue, 08/25/2015 - 16:55 | 6470041 redpill
redpill's picture

The rainbow-puking clown is my favorite.

Tue, 08/25/2015 - 17:06 | 6470096 Took Red Pill
Took Red Pill's picture

"We're Gonna Need Another Rate Cut..."

The Limbo rates, How low can you go?

Tue, 08/25/2015 - 18:04 | 6470327 Haus-Targaryen
Haus-Targaryen's picture

Schiff was right -- QE4 before another rate cut.  

Tue, 08/25/2015 - 18:12 | 6470354 Herd Redirectio...
Herd Redirection Committee's picture

Didn't I say yesterday I was surprised they didn't get it to open down 6.66%?  And then what do we see at the close today?  15,666.   But to suggest 'they'  are some sort of Satanic Cabal...  Or should I say Kabal(ah)?

Tue, 08/25/2015 - 18:25 | 6470393 Clashfan
Clashfan's picture

TY HR glad someone gets it.

Tue, 08/25/2015 - 19:17 | 6470559 BurningFuld
BurningFuld's picture

The dread Homer Head Pattern. We are so fucked.

Tue, 08/25/2015 - 19:25 | 6470585 cornedmutton
cornedmutton's picture

Who's we?  You got a mouse in your pocket?

Tue, 08/25/2015 - 19:40 | 6470643 NoDebt
NoDebt's picture

1937.

And that's all I have to say about that.

Tue, 08/25/2015 - 19:47 | 6470670 markmotive
Tue, 08/25/2015 - 20:18 | 6470786 jeff montanye
jeff montanye's picture

there are similarities with 1937, nodebt, but perhaps you would agree that since the initial selloffs, bottoming in '32 and '09 respectively, were of different magnitudes and characteristics, the former much deeper and more profound, and the highs in '37 and '15 ditto, the former lower than the prevous high and the latter quite a bit above it, that the next low may well be below the low of '08.  that '08 is below the '03 low may also indicate greater depth for next time.

lots of mays but still.

Tue, 08/25/2015 - 21:49 | 6471199 bigkahuna
bigkahuna's picture

Jim Cramer says: these are machines!

https://www.youtube.com/watch?v=1hM901pgZ9I

Tue, 08/25/2015 - 18:39 | 6470429 ejmoosa
ejmoosa's picture

Point of diminishing return has been more than achieved.

Watch for verbiage that says they held rates steady, but that it is in essence a rate cut relative to the rest of the currency mayhem we are experiencing.

 

Tue, 08/25/2015 - 17:18 | 6470153 Motasaurus
Motasaurus's picture

Just a few more days of this and we can get the Greenday "wake me up when September ends" chart.

Tue, 08/25/2015 - 18:54 | 6470476 new game
new game's picture

correction mode > 11.9  percent 2120 to 1867

way below 50 and 200dma

my guess 30 percent > 1500

b/4 bottoming 

then even lower as world situation takes hold.

full 62 fib retrace- 1331

 

Tue, 08/25/2015 - 20:29 | 6470837 johngaltfla
johngaltfla's picture

we'll blow through 1650 in September and probably bottom or they had best stop it, between 1300-1330. Otherwise 1020 and 960ish become juicy targets.

Tue, 08/25/2015 - 22:57 | 6471381 Tall Tom
Tall Tom's picture

Dead air below 1880 support on S&P 500.

 

How do you spell FREE FALL?

Tue, 08/25/2015 - 23:49 | 6471518 Sedaeng
Sedaeng's picture

nine-eleven

Tue, 08/25/2015 - 20:40 | 6470885 glenlloyd
glenlloyd's picture

Yes, the puking clown is the best!!

Tue, 08/25/2015 - 23:41 | 6471497 ThroxxOfVron
ThroxxOfVron's picture

"The rainbow-puking clown is my favorite. "

 

The picture of Kuroda laughing is straight up over-the-top Bond Supervillian shit.

Hollywood for the most part doesn't even generate such outrageous characterizations of evil and insanity anymore.

Scariest mega-creep since Heath Ledger diabolically elevated the Joker to full Jungian psycho nightmare status.

...& Kuroda is just the most easily identifiable of the gibbering monsters running amok with power these days...

Tue, 08/25/2015 - 16:59 | 6470059 tdag
tdag's picture

but...but...but...AAPL is up 0.60%. Looks like the PPT shot their load just to make that happen.

Tue, 08/25/2015 - 17:46 | 6470268 Eirik Magnus Larssen
Eirik Magnus Larssen's picture

Law of diminishing returns. Officials need to go to ever greater lengths in terms of stimulus and easing to still achieve the same effect.

Disconcerting.

Tue, 08/25/2015 - 17:48 | 6470274 manofthenorth
manofthenorth's picture

DOH !!

Tue, 08/25/2015 - 18:42 | 6470415 Bendromeda Strain
Bendromeda Strain's picture

.

Tue, 08/25/2015 - 18:10 | 6470349 johngaltfla
johngaltfla's picture

And the SNB thanks everyone for buyinig up their AAPL shares. God our investors are morons.

Tue, 08/25/2015 - 16:45 | 6469975 tc06rtw
tc06rtw's picture

I hope everyone is getting started early on their Christmas shopping…  you KNOW how crowded & hectic all the stores will be!

Tue, 08/25/2015 - 16:49 | 6470008 TeamDepends
TeamDepends's picture

That's right, and you will BEAT the weather. Sometimes during the winter it gets chilly and white.

Tue, 08/25/2015 - 20:15 | 6470778 HelluvaEngineer
HelluvaEngineer's picture

Yeah, dude.  Get your pellet gun.  Good luck.

Tue, 08/25/2015 - 22:49 | 6471366 Crash Overide
Crash Overide's picture

What's Christmas?

Is that one of those fun pretend days that gets people to spend money and stimulate the system in the name of a religion?

 

*clown barfing rainbows*

Tue, 08/25/2015 - 23:02 | 6471396 Osmium
Osmium's picture

Not shopping, but working on the speed bag getting ready for the Wal Mart crowd.

Hmm with the hefty Wal Mart shoppers, maybe I should get some work on the heavy bag too?

Tue, 08/25/2015 - 16:49 | 6470007 giovanni_f
giovanni_f's picture

I  miss Pi. Someone call Sokrates.

Tue, 08/25/2015 - 19:31 | 6470608 Shibumi2
Shibumi2's picture

4 is death in chinese

Tue, 08/25/2015 - 19:31 | 6470609 Shibumi2
Shibumi2's picture

4 is death in chinese

Tue, 08/25/2015 - 16:31 | 6469882 BandGap
BandGap's picture

Or shit in their corn flakes.

Tue, 08/25/2015 - 16:38 | 6469924 KnuckleDragger-X
KnuckleDragger-X's picture

GOOD NEWS!!! Another CNBC "special" tonight, so get out your crack pipes and hopium......

Tue, 08/25/2015 - 17:39 | 6470243 EscapeKey
EscapeKey's picture

i'm expected to watch cnbc?

i don't even recall last time i switched it on. must have been 4 years, at least.

Tue, 08/25/2015 - 18:03 | 6470324 Bay of Pigs
Bay of Pigs's picture

None of them seem the least bit worried which most likely means that everyone should be running for their lives.

Tue, 08/25/2015 - 20:21 | 6470794 wizteknet
wizteknet's picture

Iron Maiden, Run to the Hills or The Number of the Beast?

Tue, 08/25/2015 - 21:13 | 6471027 mayhem_korner
mayhem_korner's picture

 

 

Yellen is the Seventh Son of a Seventh Son.

BTW...I'm running out of popcorn.  Burnt through my LIFO layers of Orville...now dipping into the Jiffy Pop stash.  Had to rotate Twinkies to get to it.  That's how I know this is a serious dip.

Tue, 08/25/2015 - 18:41 | 6470434 Stumpy4516
Stumpy4516's picture

In response to this post:

"So the half-life of a PBOC/central bankster action is now less than 1 day's trading.  How's that feel, central planners?"

Maybe there is more to this than just the regular investors (although without manipulation the market would be much lower already) as the manipulators have done well to support a false market.

Could be someone is making their presence known and the institutional investors are getting out before the punches start flying.  Is there a threat of some sort from China to destabilize the markets?  Is this due to direct action by China?

Is there going to be another big boom in China very soon and if there is what will be the response?

Tue, 08/25/2015 - 16:20 | 6469791 Nikki Alexis
Nikki Alexis's picture

"I'm always alright when I'm with you, Tyler D"

Tue, 08/25/2015 - 16:41 | 6469942 Squid Viscous
Squid Viscous's picture

Someone needs to do a mash-up of CNBS bull-tard/whores from early to mid-August, leading the lemmings right over the 2500 point cliff...

Tue, 08/25/2015 - 17:40 | 6470250 EscapeKey
EscapeKey's picture

why? they do as they're told. they have to stick to the editorial guideline, and that is sellside.

take up your issues with management.

Tue, 08/25/2015 - 17:56 | 6470296 Squid Viscous
Squid Viscous's picture

i was thinking more about the "expert" guests they trot out...got to be some good material there

Tue, 08/25/2015 - 23:12 | 6471425 Tall Tom
Tall Tom's picture

You mean their Meat Puppets?

 

They are only there to sell for their handlers.

 

Who tunes into paid advertisement TeeVee? They do not call it "Commercial Television" by accident after all. It is all one large TeeVee Commercial...some commercials being more entertaining than other commercials.

 

Hell just one look at the Stupor Bowl Football Game broadcast demonstrates that little fact. (There are actually people who tune in...FOR THE FUCKING COMMERCIALS?)

 

(Now you've done it. He is criticizing the Super Bowl, man. Just how...how...how UNPATRIOTIC can he be?)

 

Well I am not that idiotic to be patriotic...

 

So are you entertained?

 

If not then throw that fucking hot box of tin away. TURN IT OFF.

Tue, 08/25/2015 - 16:10 | 6469687 Four chan
Four chan's picture

so buy the dip?  lol

Tue, 08/25/2015 - 16:12 | 6469714 SHEEPFUKKER
SHEEPFUKKER's picture

On the lows is the new off the lows

Tue, 08/25/2015 - 16:14 | 6469726 Chosenpeople
Chosenpeople's picture

No more BTFD.  It's STFR, sell the fuckin rally.

Tue, 08/25/2015 - 16:17 | 6469759 saints51
saints51's picture

hahahahaha that retarded baal and his numbers. A snippet from ZH article earlier

Sure enough, moments ago the sale of $26 billion in 2Year paper was concluded, and it was if not a dud, then certainly lackluster, with a yield of 0.663%, just through the 0.666% When Issued

Then DJI closes at 15666

LOL!!!!!!

Not saying these numbers mean anything but proof in the pudding.

Tue, 08/25/2015 - 16:21 | 6469801 VATICANT
VATICANT's picture

You got it. This crash is ON

Tue, 08/25/2015 - 16:25 | 6469842 saints51
saints51's picture

It will really fire up when the guy in your pic visits the US. Thats where my bet is placed.

Tue, 08/25/2015 - 16:39 | 6469937 Countrybunkererd
Countrybunkererd's picture

I can't feel sorry for anyone that sold their soul to the devil and expected profits.  Everyone cries about banksters and their evil but don't even stop for a second before they max their 401K/IRA, buy the biggest house they can get a loan for, buy TWO $50K cars on LOAN, and can't get curtains for their windows or replace a water heater cash...  If you can't afford to lose your money don't play is what used to be the norm...now people will cry they can't keep their home even though it is their own damn fault.  I am tired of paying for stupid assholes.

Tue, 08/25/2015 - 17:23 | 6470174 20-20 Hindsight
20-20 Hindsight's picture

@countrybunkered:  Count me in as someone who's also tired of paying for all those stupid assholes.  This fucking crash is costing me a lot of money right now, but I don't give a shit because it's money that I can afford to lose (as you aptly put it), since I have been debt free for almost 30 years now. Fuck those millions of fuckers who have kept on piling debt over more debt thanks to ZIRP and what not.  Let the interest rates finally rise so I can start making money with whatever will be left of my portfolio by the time this storm blows over.  As a matter of fact, let the interest rates hit the roof.  I want to see those millions of fuckers beg for mercy.  They ain't going to get an ounce of sympathy from me.  

Tue, 08/25/2015 - 17:37 | 6470241 EscapeKey
EscapeKey's picture

i know what you're saying, but sadly, with almost certainty - those are not the people who will be hurt the most by this.

i don't want this to happen. i just think it's inevitable. the best we can do is prepare. off to costco tomorrow...

Tue, 08/25/2015 - 19:44 | 6470657 theTribster
theTribster's picture

You (and I) will likely be dead before this storm passes over. Get out, get all the way out - by that I mean ALL money removed from the system and stored in a safe in your house....They have the law on their side now and can simply TAKE anything of value - 401/IRA/CDs/Checking/Savings/etc. - look at the last budget that was passed and the NEW banking laws that went along with it. This is all planned - they are going to steal all of our money (via new laws) and all of our assets (via default or eminent domain). People that haven't paid off their mortgage can be called to pay it early or lose it - save the banks first and fuck the people while their at it. You'll get some of your money back in a few years but it will be worth exactly 0...

Good luck to everyone, we all need it.

Tue, 08/25/2015 - 19:42 | 6470651 wrxpilot
wrxpilot's picture

You're absolutely right about that.  I live in an "up and coming" neighborhood in Denver, where houses that were $150k ten years ago are now $500k+.  The residents (all new to the area) are exactly as you described, in debt beyond comprehension.  My wife and I make way above the median household income (by like 2x), yet there's no way we'd put ourselves into such financial peril!  

Tue, 08/25/2015 - 17:06 | 6470095 City_Of_Champyinz
City_Of_Champyinz's picture

Its about time, I have been getting relentlessly ass raped by a troop of drunken baboons while holding long volatility for the last year...

Reality is finally catching up with this 'market', I did not give the bankster/government assholes enough credit for how long they could keep up the charade and paid for it.  Hopefully full vindication is coming my way.  That or i am about to be hit in the face with a handful of baboon shit.

Tue, 08/25/2015 - 18:06 | 6470335 Insanity Wolf
Insanity Wolf's picture

Relentlessly ass-raped by a troop of drunken baboons?

Can you post a video of that? 

Tue, 08/25/2015 - 18:16 | 6470367 New_Meat
New_Meat's picture

"The market can stay irrational longer than I can stay solvent." -- J. M. Keynes

Maybe the only street-smart thing he ever said.

Gitcher one of dem Riot Gear facemasks, don't cha' know.

Tue, 08/25/2015 - 16:20 | 6469799 SWRichmond
SWRichmond's picture

No more BTFD.  It's STFR, sell the fuckin rally.

Yup.  Selling it all to the PPT and the Central Bankers.  You fucking want it?  YOU CAN FUCKING HAVE IT.

Tue, 08/25/2015 - 17:51 | 6470288 FreeMoney
FreeMoney's picture

Did that today.  I round tripped some SPY puts and made 12.9% in three hours.

Bring the PPT back tomorrow...

Tue, 08/25/2015 - 19:52 | 6470686 HungryPorkChop
HungryPorkChop's picture

Yeah, I'm bankin' they'll slam VIX shortly.  If there's anything that's moar' rigged than the precious metals market it's the VIX or should i say the VIX is in.. 

Tue, 08/25/2015 - 16:38 | 6469926 Urban Redneck
Urban Redneck's picture

RALLY?

STFU

(Uptick)

Beat this rigged central planner's bitch of market like she derserves.

Tue, 08/25/2015 - 16:19 | 6469766 angel_of_joy
angel_of_joy's picture

I'm curious just how much money did the PPT and "FED" Kevin burn today, in their attempt to execute the perfect bounce back only to end up with the (in)famous dead cat...

Tue, 08/25/2015 - 16:19 | 6469792 saints51
saints51's picture

I think Kevin should stay away from any home depot or lowes if they decide to blame him.

Tue, 08/25/2015 - 17:44 | 6470263 DirkDiggler11
DirkDiggler11's picture

Price check on a nail gun for Kevin H on aisle 12 .....ppppppppsssssuuuuummmpppttthhhuMp ........ Herb, clean up on aisle 12

Tue, 08/25/2015 - 19:05 | 6470507 LooseLee
LooseLee's picture

I think Kevin should be a MAN and get that Status Quo Fed &%$# out of his mouth...

Tue, 08/25/2015 - 16:12 | 6469710 KnuckleDragger-X
KnuckleDragger-X's picture

A rather pleasant day there at the end. Looks like the PPT is gonna need a buttload of meth for tomorrow......

Tue, 08/25/2015 - 16:15 | 6469738 Grinder74
Grinder74's picture

Wonder what it's like doing meth through ass?

Tue, 08/25/2015 - 16:39 | 6469938 bid the soldier...
bid the soldiers shoot's picture

If you find out, please keep it to yourself. 

Tue, 08/25/2015 - 19:21 | 6470568 BurningFuld
BurningFuld's picture

What the fucking fuck. Dow ends at 15,666.44. Really.

Tue, 08/25/2015 - 17:14 | 6470131 juangrande
juangrande's picture

It won't work. You'll shit it out faster than the hag at the trailer park could blow it up there. 

That's right! I said it!

Tue, 08/25/2015 - 20:34 | 6470863 Not Goldman Sachs
Not Goldman Sachs's picture

Kiestering, ice shelving...all according to wiki. I like to call it ice packing.

Tue, 08/25/2015 - 20:40 | 6470884 wendigo
wendigo's picture

Gay men do it. Take a meth enema, then get fucked in the ass. Called booty bumping.

Tue, 08/25/2015 - 16:22 | 6469812 NoVa
NoVa's picture

It is going to start at 8:30 PM Eastern when Asian markets open - 

Grab some popcorn!

Tue, 08/25/2015 - 19:54 | 6470691 HungryPorkChop
HungryPorkChop's picture

Forget the popcorn, it's time to step it up to Bacarrdi shots.  Candy is dandy but liquor is quicker!!

Tue, 08/25/2015 - 16:22 | 6469815 OpTwoMistic
OpTwoMistic's picture

Someone on ZH yesterday posted  "the cat is beginning to stink."

Tue, 08/25/2015 - 18:01 | 6470314 angel_of_joy
angel_of_joy's picture

Yeah, but can she still bounce ? That's what matters...

Tue, 08/25/2015 - 19:22 | 6470574 BurningFuld
BurningFuld's picture

This needs to go on Mythbusters. I say a dead cat does not bounce.

Wed, 08/26/2015 - 03:57 | 6471814 mt paul
mt paul's picture

i like to glue kugrrands on the old ladies cat

keep the little fcker from bouncing ...

 

just doing my part

biggest reversal ever...

Tue, 08/25/2015 - 16:16 | 6469742 holgerdanske
holgerdanske's picture

This is interesting. This is one ford the PPT should have held! And they couldn't! Why not??

Now Japan will faint, China will panic and the Europeans will realize they are being played for fools.

Gold must respond to this.

Serious fucked up mess this is turning out to be.

 

Tue, 08/25/2015 - 16:21 | 6469808 Getting Old Sucks
Getting Old Sucks's picture

Maybe they know this is the big one.

Tue, 08/25/2015 - 18:01 | 6470313 RafterManFMJ
RafterManFMJ's picture

Hey, did my miners go up? I've not looked at them for 3 years as I've got guns in the house.

Tue, 08/25/2015 - 18:53 | 6470471 spdrdr
spdrdr's picture

Rafter, I feel for you, Bro!  I have likewise not looked at my miners after 3+ years of butt-hurt.

Tue, 08/25/2015 - 19:25 | 6470584 BurningFuld
BurningFuld's picture

I gived you an up arrow the the insightful analysis.

"Serious fucked up mess this is turning out to be."

Tue, 08/25/2015 - 20:41 | 6470888 juangrande
juangrande's picture

My wine has been spewed thru the nose! That's funny right there...

Tue, 08/25/2015 - 18:37 | 6470419 Automatic Choke
Automatic Choke's picture

agreed.    if there is any line to hold, today was it.   uglyness will result.

Tue, 08/25/2015 - 21:31 | 6471120 FreedomGuy
FreedomGuy's picture

I take a somewhat different view. When I saw at the end of the day the 200 point drop I was actually mildly relieved. I saw the rally in the morning and I thought of bullish insanity, 1980's investment advice and central planner interventions. All of those are bad. When I saw the final sell off I actually looked at it as rational and proper. Commodities are down across the board and there is no sign of increased market activity anywhere. In fact, it is negative in most places. Stocks are supposed to fall. Falling stock prices are the sign of rational investors reading the economic/financial data. 

If you do not want balloon economies and if you want to find real value then these things must happen. 

What worries me is not really the potential drops, it is the potential interventions. Most any intervention bigger than some interest rate tick will come with huge money, huge debt, and probably a very small effect. Interventions could actually push us into something much worse over time. The best thing for any President or economic figurehead to say would be, "Read the forecasts, economic data and make your best choices. When stocks get cheap enough to find excellent buys, go for it. This is how a free economy works!".

Then he could proceed to lower taxes, tariff, rules, regs and other things that actually promote a good business climate. 

What are the odds this will happen??? Yeah, I know.

Tue, 08/25/2015 - 16:19 | 6469788 pot_and_kettle
pot_and_kettle's picture

Now I have to dig out and listen to Free Bird :-)

Tue, 08/25/2015 - 19:26 | 6470593 BurningFuld
BurningFuld's picture

Live?

Tue, 08/25/2015 - 16:24 | 6469837 RougeUnderwriter
RougeUnderwriter's picture

Margin selling in th last hour to cover yesterday carniage

Tue, 08/25/2015 - 16:52 | 6470025 phoolish
phoolish's picture

How many mutual funds get 'sold' tonight for MOC after the close tomorrow?

Tue, 08/25/2015 - 18:45 | 6470449 Automatic Choke
Automatic Choke's picture

Agreed......margin calls and mutual fund redemption balancing.

 

Tue, 08/25/2015 - 16:50 | 6470015 Freebird
Freebird's picture

Nice!

Tue, 08/25/2015 - 18:55 | 6470478 LooseLee
LooseLee's picture

Central Banks are a manifestation of SATAN HIMSELF! So all of you 'so-called' Christians are in a dilemma. Do I trust the essence of evil and BUY? Or do I trust in the LORD and reject ALL that Man and his love of Mammon has created? SELL! Your choice.....But remember; according to your belief, you will have to JUSTIFY your actions on JUDGEMENT Day! Ha, ha, ha!

Tue, 08/25/2015 - 21:49 | 6471200 Government need...
Government needs you to pay taxes's picture

Your statement shows a limited understanding of Christian belief relevant to God's Final Judgement.  All will be judged, but non-believers will be condemned, while believers will be mercifully redeemed.

Tue, 08/25/2015 - 20:08 | 6470746 wizteknet
wizteknet's picture

Thank you kindly sir just what song I needed, 15666, O my Gawd that babe I just saw awhile ago was friggen HOT!

Tue, 08/25/2015 - 22:23 | 6471298 Crisismode
Crisismode's picture

 

 

Who?

Megyn Kelly?

 

 

Tue, 08/25/2015 - 21:44 | 6471181 Buck Johnson
Buck Johnson's picture

I know, central banks where only able to give them 2/3 of the market day and they still ended hundreds of points in the negative.  That tells me that things are truly bad.

 

Tue, 08/25/2015 - 16:07 | 6469655 Bill of Rights
Bill of Rights's picture

Told you fools to stay short lol

Tue, 08/25/2015 - 17:05 | 6470090 tenpanhandle
tenpanhandle's picture

Bet you shart your shorts for a moment this morn;)

Tue, 08/25/2015 - 17:31 | 6470216 WonderDawg
WonderDawg's picture

I re-upped shortly after the open. I'm quite pleased at the moment.

Tue, 08/25/2015 - 16:07 | 6469656 The man with po...
The man with pointy horns's picture

Dow, Nasdaq and S&P all in negative territory. Again perfectly coinciding with a plunge in the US dollar where the DXY lost 0.5 points in an hour. Does lower DXY = lower stocks? Is this the new game changer?

Tue, 08/25/2015 - 16:10 | 6469690 The_Virginian
The_Virginian's picture

USD/JPY leading equities is nothing new. It'll be news when that correlation begins to break down. 

Tue, 08/25/2015 - 16:16 | 6469746 KnuckleDragger-X
KnuckleDragger-X's picture

The important question is whether CNBC is going to have another "special" propaganda show tonight, or do they slit their wrists? A hint for the CNBCers slice down, not across for best effect.....

Tue, 08/25/2015 - 16:43 | 6469960 TheReplacement
TheReplacement's picture

Ignore the knuckledragger.  He's a knuckledragger.

Slit down AND across.  Don't take chances.

Tue, 08/25/2015 - 16:23 | 6469827 NDXTrader
NDXTrader's picture

All of this is about forcing the BOJ into more QE. The markets know they are the softest play

Tue, 08/25/2015 - 16:27 | 6469836 HardlyZero
HardlyZero's picture

Also correlated with WTI in the last half hour...going down.

 

Must be a disturbance in the farce...across all markets.

Tue, 08/25/2015 - 16:29 | 6469865 RawPawg
RawPawg's picture

i had visions of that 70's game show The Jokers Wild..."C'mon,Joker,Joker,Joker"...then visons of Wink Martindales chessy grin.

Tue, 08/25/2015 - 16:43 | 6469962 Conax
Conax's picture

I remember that show, one time the host asked a black woman about the post through her nose (this was a new thing back then).  She said it was a sign of great beauty in Africa.

He said, (I shit you not), "Coulda fooled me." And moved right on to the next contestant.

He was a funny guy.

Tue, 08/25/2015 - 17:56 | 6470297 Nikki Alexis
Nikki Alexis's picture

It was Jack Barry as host.  I remember watching it after school in the late 70's.

Tue, 08/25/2015 - 16:15 | 6469659 Kaiser Sousa
Kaiser Sousa's picture

this collapse is coming together just like sweaty but cheeks....

drinks on me my ZH bitchez - cheers...

and i get to get some mo' Silver below $15????

NIGGA PLEASE!!!!!!!

 

Tue, 08/25/2015 - 16:17 | 6469760 Kaiser Sousa
Kaiser Sousa's picture

i cant help it...

i just cant turn off CNBS....

THESS MOTHER FUCKERS R KILLING ME....

Tue, 08/25/2015 - 16:21 | 6469803 saints51
saints51's picture

I am glad you are feeling better. Earlier you were ready to shank some mother fuckers.

Keep stackin'!!

Tue, 08/25/2015 - 16:26 | 6469850 Kaiser Sousa
Kaiser Sousa's picture

Saints -

aint a damn thing changed homie.....just enjoying the return of Karma.....

Tue, 08/25/2015 - 16:55 | 6470042 saints51
saints51's picture

agreed bro as i want justice too.

Tue, 08/25/2015 - 16:18 | 6469775 restelle
restelle's picture

Thanks for the extreme laugh!  Funniest comment in a long time!

Tue, 08/25/2015 - 16:20 | 6469796 Kaiser Sousa
Kaiser Sousa's picture

ur welcome....

Tue, 08/25/2015 - 16:08 | 6469660 Getting Old Sucks
Getting Old Sucks's picture

What took you so long?  That happened 6 minutes ago.  Have the same ready at 4:01 tomorrow.

Tue, 08/25/2015 - 16:20 | 6469794 The man with po...
The man with pointy horns's picture

Come on a bit of patience man! We may finally at last be getting our doomsday porn and you're fretting about a mere 6 minutes wait after 4pm. Savour this moment.

Tue, 08/25/2015 - 18:15 | 6470361 Winston Churchill
Winston Churchill's picture

Tyler should pre write them like obituarires for the newspapers.

Tue, 08/25/2015 - 16:08 | 6469661 Big Beta Bill
Big Beta Bill's picture

It ain't what you don't know that gets you into trouble. It's what you know for sure that just ain't so.

Tue, 08/25/2015 - 16:15 | 6469663 Big Beta Bill
Big Beta Bill's picture

Whipsaw summer.

Tue, 08/25/2015 - 16:08 | 6469665 The Duke of New...
The Duke of New York A No.1's picture

Rate hike in September - FED to finally begin it's McFrugal stage.

Tue, 08/25/2015 - 16:14 | 6469732 NorthernPike
NorthernPike's picture

Mark Calanders. Monday 09/21/2015 is the day of Infamy to come.

Tue, 08/25/2015 - 16:17 | 6469771 KnuckleDragger-X
KnuckleDragger-X's picture

Or dancing in the streets, depending on your point of view....

Tue, 08/25/2015 - 19:43 | 6470647 Dickweed Wang
Dickweed Wang's picture

Mark Calanders (sic). Monday 09/21/2015 is the day of Infamy to come.

Probably 9/7, 9/11 or 9/22 if anything.  Don't forget the fuckers' (i.e. TPTB)  obsession with numerology, particularly the numbers 7, 11, 22 and 33.

Tue, 08/25/2015 - 16:08 | 6469670 SSRI Junkie
SSRI Junkie's picture

as a non-player, this is too funny

Tue, 08/25/2015 - 16:14 | 6469735 Getting Old Sucks
Getting Old Sucks's picture

What's even funnier is listening to all the talking heads explain why the maket is moving in which way it's moving. 

Tue, 08/25/2015 - 16:16 | 6469750 SSRI Junkie
SSRI Junkie's picture

no teevee here, i'm blessed by not listening to them

Tue, 08/25/2015 - 16:20 | 6469740 fockewulf190
fockewulf190's picture

"As a non-player, this is too funny"

Believe me, your in the game.

Tue, 08/25/2015 - 16:29 | 6469862 SSRI Junkie
SSRI Junkie's picture

tortoise and the hare

Tue, 08/25/2015 - 16:20 | 6469797 Pipetex
Pipetex's picture

And guess who's money the PPT are have been burning all day long?

Tue, 08/25/2015 - 16:33 | 6469897 SSRI Junkie
SSRI Junkie's picture

don't be bitter, just take it in the shitter

Tue, 08/25/2015 - 16:49 | 6470009 Christophe2
Christophe2's picture

Whatever.

Although I can't be completely unaffected, I am as far as possible from all this, and furthermore it's hilarious (IMO) to watch the crappy banksters end up having to use their billions to buy their own crap at the top of the market, because their dumb nefarious plans are a mess and they keep messing it up even more for themselves.

Tue, 08/25/2015 - 17:30 | 6470208 SSRI Junkie
SSRI Junkie's picture

''Although I can't be completely unaffected, I am as far as possible from all this"

 

same here...i reduced my exposure to the bs as much as humanly possible to the point that they only steal from me through inflation. no debt..some metals, some cash and some treasuries (one's that can't go below zero, ie tsp g-fund)....

Tue, 08/25/2015 - 20:04 | 6470720 Christophe2
Christophe2's picture

Because everything in our society is so clearly fraudulent and even abusive, I have had zero investments in stocks for years now and I even changed my lifestyle completely so that I now live for ultra-cheap, but still healthy and happy - only, I now have tons of free time since I only need to make enough money to cover 15-20K a year in expenses, something very easy for someone with my skill levels with 0 dependents.

Those of us with our eyes wide open have been taking our chips out of the casino for years, so it's kind of fun to experience one of the sheep fleecing events from a relatively safe spot on the outside!

But it's gonna be tough for all them sheeple who prefer to follow programming, they are in for a world of hurt, as usual...

Tue, 08/25/2015 - 20:21 | 6470802 SSRI Junkie
SSRI Junkie's picture

good deal..best thing to do is get out of all debt if possible.

Tue, 08/25/2015 - 20:01 | 6470638 Pipetex
Pipetex's picture

"it's hilarious (IMO) to watch the crappy banksters end up having to use their billions to buy their own crap at the top of the market"

Unfortunately, my good friend, them are going to use "our" billions (more precisely form our children and so forth) because, have no doubt about it, all this mess will be timely socialized a la Greek!

Tue, 08/25/2015 - 20:23 | 6470812 SSRI Junkie
SSRI Junkie's picture

best thing for you to do is take care of things within your direct control and forget the rest. get out of debt

Tue, 08/25/2015 - 16:09 | 6469671 JustObserving
JustObserving's picture

Fed needs to print a few trillion more and buy more stocks in the free and fair markets of the US

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