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Dow Plunges Back Below 16,000 - Dead Cat Bounce Dying
"Off The Highs" - hope is fading fast as The Dow is now down over 350 points from its pre-open highs after the China rate cut and has broken back below the crucial 16,000 level...
Charts: Bloomberg
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Hah, locked your "1st" place holder.
Don't mind me, I'm just reposting the first replied post to waterfall this thread down and piss off the mobile users.
So...
No 3:30 ramp?
What I said!
http://www.zerohedge.com/news/2015-08-25/global-markets-fed-no-rate-hike...
Do you think any of the HFT Algos read ZH?
Hope Kevin isn't on the shitter for the last 20 minutes!!!!!!!!!!!!
Hahaha! FUCK YOU DOW JONES!
What's a matter PPT storm troopers? Can't keep it up?
Today is just one day.
The patient is going to bleed out.
No, but I bet they post here a lot.
But I dunno... Kitty could have one little kick left to go here..
Never mind... It's dead Jim..
hey you have you tried we new salty bits?
https://localbitcoins.com/accounts/profile/Fonestar/sell-bitcoins-online/
Dow negative on the day.
There was a groan from the trading floor like they just got hit with buck shot!
I'm not sure, but I don't think humans can drop the DOW like a stone the way it has the past hour.
I bet they can, but I also bet they aren't.
Besides, just wait until some big company files for bankruptcy and their stock goes to zero no matter what the PPT and the algos do.
Two head scratchers in a row. I sure as hell happy I am short going into tomorrow.
PPT: (gasping) Don't know if you've been keeping up with recent events man, but we just got our asses kicked!
Game over man! Game over! What the fuck are we supposed to now, huh, what are we gonna do?
Maybe we could build a fire, sing a few songs....
They mostly come out at night... Mostly
No size restrictions and screw the limits. That's what.
They nuked it from orbit. It was the only way to be sure.
I walked away for past 15 minutes and the S&P swung to Red with a drop of about 15 points.
WOW
glad I kept my SPXU!
Ramp is there, it's just (badly) absorbing the selloff that's supposed to actually happen.
I'm sick of people starting every sentence with "So..."
We're now in the negative for the DOW today.
So...
It sounds like the problem is not mine here.
"I'm sick of people starting every sentence with "So..."
Yea, what the fuck is that all about, Kyle Bass does it all the time, it started in the last 5 years now everyone starts a statement with "so"
like:
So...we bombed some folks.
So...yea, about that pair of womens underwear in my glove box.
So...In the beginning God.........
It started on the internet more than 5 years ago, and probably before that with the way people actually speak in certain situations. Irregardless of what people may think, I use it sparringly, except for when I am trying to annoy somebody. (I'm sure there's a point about correlation and causation to be made in that last sentence.;)
So
https://www.youtube.com/watch?v=YqYxNrzOKOA
I would like to say "Fuck You!" But because I am a nice person, I won't say it. Just letting you know what I am thinking. Have a nice day.
Locking the first place with a "." is just not fair. That is just too fast for retail posters like me.
Don't you know that high frequency posting isn't the problem, it's providing conversational liquidity?
Conversational diarrhea more like, yeah definitely that kind of liquidity.
It lacks information, therefore its frontrunning causes no harm because there is nothing it can act on.
The fix is we need to inject the dead cats with Zectron (super ball) rubber to improve their bounce....
… wouldn’t it be easier to inflate ’em with helium ?
Too much chance of accidently blowing up the cat.....
Chinese bloodbath in T minus 5 hours....
I remember some bearded guy saying he can undo the QE anytime, something like that.
Yeah, just not in his lifetime
Yeah Ben. Jump you Fucker!
I wonder if that bearded guy has gone into hiding.
Yes... if their moves don't have any impact then what jawboning will work? Maybe QE4 but that would only be for a day or two.
Game over bitchez!
Dead cat soup tonight!!
Confucius say…
“When market hand you dead cat, make Dead Cat Soup!”
Yeeeeh Haaaaaw! It's ON LIKE DONKEY KONG! I can't WAIT for tomorrow! HOO HOO!! HEE HEE!
So much excitement! I had a headache Monday night from all the goings on...time to switch to futures watch for the coming bloodbath later tonite!
Woo HOO!!!! Come ON Wednesday!
JUMP YOU FUCKERS!
FUCK YOU JUMPERS!
They're crying into their Kool-Aid at CNBS.
Lindsay Graham on Trump: ‘I’ll beat his brains out’ (?!?!?)
http://tinyurl.com/os55ug5
441 up dow points go poof.
I don't know how many times I hit the refresh button over the last one hour.
I like what I see...
This morning before market opening I felt like throwing up, now I actually feel quite ok!
it was pretty obvious the feel-good phase would be short-lived, the only question was whether it could make it a full trading day or not
The reach around was over by lunchtime, get ready for the overnight gang rape
Maybe they are taking profit out of the ever present BTFD'ers.
Wow, this is getting interesting...
I am scared to party just yet, but from 600 points up before the market to -100 is quite a move for the DOW.
And it's going in the right direction...
well, that escalated quickly
Absolutely FUCKING AWESOME CLOSE!
I LOVE it.
Better than heroin.
Did somebody say heroin?
wow - cost basis in my SPXU is about 35. I thought it was going negative (again) due to today's market action (well, all day except last 10 minutes).
Glad i held onto those shares - here comes 50.
NoVa
IRA/401k slave muppets like myself, staring into the barrel of the AMT gun
Was hitting the refresh button like a lab rat for more cocaine
WTF - they are talking about troop movement in China on TeeVee
Huh?
WTF, Over...
Diminishing returnz, bitchez!
Cmon bears you can do it!! Close it in the red! I want to see blood coming out of ...wherever over on CNBC.
Bears be eating dead cats for breakfast tomorrow morning
seems strangely appropriate...
Best laugh I had all day
The balloon needs more hot air, keep talking central planners, whisper some love like Barry White. What, you got no soul?
FTSE managed to retain most of it's price recovery today.
DOW is struggling though.
There will always be a world of marks out there to buy every dip .... and the pump monkeys have been working them all day long. This too shall pass
http://www.barrons.com/articles/boom-what-next-for-this-yo-yo-of-a-stock-market-1440446870
It’s rare to see the market as a whole break the way it did over the past week. We often see such vertical plunges in individual stocks when bad earnings or legal news is released. Then it typically takes a good deal of time for them to heal. That suggests stocks are not the place to be right now.
Volatility is the new order so individual investors should keep calm and not try to get fancy in the current rough and tumble. Professionals with computing power rivaling NASA are already trying to do that.
The time to sell, of course, was almost any time earlier this year because this month stocks have already entered “correction territory” being 10% down from the highs. Favorites such as Netflix (ticker: NFLX ) dipped into “bear market” territory early Monday morning with a 20% threshold.
Of course, these metrics are meaningless in terms of telling us what to do now. They live completely in the past. So how do we cope?
The answer is preparation. And for that I like to step back away from traditional indicators. Setting downside price targets in this environment is folly.
The CBOE volatility index ( VIX ) leapt above 50 Monday morning to levels not seen since the last major correction in 2011. That is a fairly good indication that there is enough fear in the market to suggest some sort of recovery here. Indeed, the Dow Jones Industrial Average moved from down more than 1000 points to down “only” 150 points by lunch time in New York. In 1987, there was no such intraday rebound on Black Monday.
But I have also seen many pundits trotting out the idea that this is a chance to buy great companies at great prices. They also said the same thing a week ago when Disney ( DIS ) was trading at $106, a 14% discount from the beginning of the month. The stock hit $90 Monday morning before rebounding.
However, saying that the market will bounce now is still trying to time the bottom in a very volatile environment. Let’s lay out a few scenarios for what could happen and what it could mean.
If the market is able to pull itself back up, I would not expect anything more than a test of the major breakdowns that occurred last week (see Chart 1). Clearly, that would tell us that doing nothing during the current volatility was the best idea. And at that point, we should get more clues as to the market’s health and ability to continue to recover. The best case would be the negation of the breakdowns and that would signal the market has overcome yet another obstacle. The worst case would be failure at that resistance and the second chance to get step away from the emerging bear market.
If the market does not bounce but just sits where it is then it will probably be a good idea to trim weak stocks from the portfolio. The odds that the market is truly broken would be high and the path of least resistance would be down. Just take a look at the long-term trendline (see Chart 2).
lol Sooner or later we all realize the falicy of discussing "a market" as if it were ever real. You'll have to go up a few floors to find the problem and it ain't no market, Polo.
And Yellen can only manipulate so long
They'll talk the same shit until the water has crested the deck, then they'll claim it's piss, not sea water.
PAGING KEVIN HENRY, PAGIN KEVIN HENRY, THIS IS AN EMERGENCY. REPORT ASAP TO THE OFFICE
So the equivalent of $110 billion gets you not even one large day up in the equity markets today?
Such a shame...
PPT go home early?
Playing golf with Obama in Las Vegas, how ironic
There is a battle to keep this market green today. Wonder who will win.
Dow Red.
All fizzle, no sizzle
GREEN WOULDNT EVEN BE A VICTORY TODAY. THEY NEEDED TO CLOSE IT AT LEAST 350 PLUS PTS ON THE DOW TO HAVE ANY CONFIDENCE RESTORED TO ''INVESTORS'' IN THIS ''MARKET''
A GREEN CLOSE OF 100 PTS IS A MAJOR VICTORY FOR THE BEARS
AGREE.
Don't you mean a major victory for the Chinese?
chinese bears
are cute...
The bulls and the pandas. How quaint.
Don't you find the expression 'bulls and bears' passe? Too last century.
Take the dotcom bubble in early 2000. The investors who bid it up to 5000 and the investors who sold it at 5000 were the very same people. Crooks aren't bulls and bears, they're crooks. What was it about the number 5000 that made everybody and their grandmother sell with both hands?
in 2008 what was there to be bullish about? Nada. But the big institutions knew the Fed had a plan and soon the little guys knew about the plan, too. So the DJIA TRIPLED, and there still was nothing to be bullish about.
After the Maidan the 'bulls and the bears' evolved into the Central Banks of the East and West locked in Trial by Combat. God Himself would ordain the winner.
After huffing and puffing for a year and a half, Chinese market crashed, the yuan was devalued a few times, and then, for some unknown reason, the Dow faltered and fell.
THE BATTLE IS JOINED. THE POPCORN IS MICROWAVED.
Time to rearrange the deck chairs.
BOOM.... and there she goes.
S&P red! Kevin, where in the FUCK are you?
So much for the bulls back in town. Fucking funny!
Pump and dump money to be made. Suckers!
ya load a 16 handle
whadya get?
another crass call
for your margin debt
lmfao Buzz. That was a good one.
Quick, PPT, to the rescue, or you'll have to spend twice as much printed money tomorrow.
Hahaha. Dead lion bounce.
I love the smell of napalm in the morning...
Now changing from Buy the dip over to Sell the rip. Hope the bubble heads telling people to stay in this shreader are able to survive the onslaught of broke pensioners who actually listened to them. Market is dead all hail the fed!
Next stop, 1600 on the S&P, will see if it can stabilize on that level.
That re-de-escalated quickly!
Annnd It's gone.... Blow the tanks Captain.
I absolutely LOVE watching the DOW drop, thinking of the little people losing their money. Hahahahahahahahahahahaha
Damn.. -118. That sound you hear is thousands of people trying to squeeze through one set of doors.
"...as if millions of voices suddenly cried out in terror and were suddenly silenced. I fear something terrible has happened."
Kimmy K's ass plugged it up.
In financial terms, that's called HFT front running.
This will do wonders for investor confidence.
Who's quiet? The Fed is. Thats who.
Wow, that escalated quickly....
Now changing from Buy the dip over to Sell the rip. Hope the bubble heads telling people to stay in this shreader are able to survive the onslaught of broke pensioners who actually listened to them. Market is dead all hail the fed!
still time to finish Dow -250 or worse with 10 min left on the clock
I know ZHers hate victory laps, but hey... I was seeing green numbers still on the Dow when I typed that, not far from the final -205 tally
15,666 is such a pretty number
Reminds me of the old WWII movies where the pilot and co-pilot pull their guts on their yokes trying pull the B17 out of a dive.
It reminds me of how they smash gold "right before" a price lifting event. Smells eerily similar (but reverse phase). Predictable! This party is just getting started. If that "pump" didn't work we'd be down close to another 1000 (or more) easy!
Another day another 2X raping of muppets
"Bwahahahahahaaaa" - Lloyd Blankfien
Dow 600 point from high to low to close near low. Oh yeah, I forgot to repeat like a chimpanzee to all the Bozos, "Hold for the long term" (that's all you see on tv, nobody says get the hell out now, which means of course, that you should get the hell out now).
Buying it back up for some window dressing.
Wow. Look at them go! Yeah, normal markets.
Wow and it's only Tuesday. Does anyone think this fraud can continue. 3 more days. 3 more weeks. 3 more months. ????? Just think about that. Doesn't even get you out if 2015. Things are fucked up !!!!
Burn, baby burn damned Keynesian ba$tards! You are finally getting a little bit of the trouble and misery you have shackled with rest of the world with through your financial sorcery! Writhe in agony a$$holes! Hallelujah!
Almost green . . . . . and ouch. Whack-a-bid.
Investors are hoping the Fed/PPT will bail them out again, just like the Chinese tried to do with its stock market. Hey, bitches, look at China, and weep. The powers that be can only pull that shit off for so long (six years was pretty good, I'll admit).
Wow! Dow in negative territory today with just minutes on the clock! This is it, the big one. Its all over. Today is the day that markets won over the central planners. They're beaten and broken. Major upheavals in the months and years to come.
What is this... thing? We must know more!
I think they call it... "price discovery"?
Wow. That re-de-re-escalated quickly!
DJ says. "Nobody wants me"
Turn those machines back on!
3:30 nosedive is the new 3:30 ramp
We're at war, dude. Don't count on this in peacetime.
If there ever is peacetime again.
Oligarch of Omaha's trannies and the BKX banks may be the leading indicators pointing the way down the track for other indices to soon take out yesterday's lows:
http://bigcharts.marketwatch.com/quickchart/quickchart.asp?symb=bkx&insttype=&freq=1&show=&time=5
http://bigcharts.marketwatch.com/quickchart/quickchart.asp?symb=djta&insttype=&freq=1&show=&time=5
Old Father Merrin lies dead on the floor, Father Karras comes in the room, sees him, looks over at Regan, she's watching them with evil glee and can't suppress a little giggle, "hehehee".
That's me today.
Screw these people, wall street cretins have ruined our capital markets, exported our industries and wrecked our children's future for paper profits and financial power. It must all be swept away.
So, heh heh.
Hey! They drank my milkshake again! I need a bigger milkshake I guess...
The ten-year is up near 7%....is China dumping?
The DoW 200 week avg.is coming up here. Around the 15550 area. When that goes, look out below.
Plunged 188 points from 3:55-4:00 PM.
That rally back up to near unch then -200pts in 5 min was brutal.
"12! 12! 12!"
https://www.youtube.com/watch?v=jRIh4avOHLE
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?
What. No BTFD. Absurd.
There was! Look at the spike from 10-6 minutes out. It got swamped!
15,666.
Closed at 15,666 nice number. Hail Lucifer
From reading more accounts of "666" signals (26 bursts of 666 order/cancel in the futures, etc,) we're gonna find out what this means, probably in the AM.
Please elaborate on the "26 bursts."
Kevin Oleary is "picking up the tulips". You do that Kevin. You do that.
FAZ +4.64%
Lol, no QE3 Tuesday fed buying to prop up the markets anymore.
Extrapolated to a bar chart, the low being hit at the end of the trading session would equate to HOLD ON TO YOUR GD PANTS TOMORROW MORNING.
Smart money always sells into the close.
We sure head-faked Europe today.
What? Me worry?
LOL. Please do not worry:
http://money.cnn.com/2015/08/24/retirement/stock-market-retirement-savin...
Everybody knows that the Fed printer broke today, right?
Yellen flew 2 MIT engineers down to get it fixed before the close.
turns out it was just low on toner
I heard Larry Silverstein just bought the NYSE and insured it for 10 billion against terrrorist attacks or any acts of nature.