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Stocks End 2015 In The Red, Worst Year With Oil Since 1984

Tyler Durden's picture




 

We end the year with a dump bump and the best analogy for US equity markets we could find all year... (Forward to 2:00)

Never Gets Old, sorry.

*  *  *

WORST SINCE 2008...

2015 ended with The S&P 500 (oops!), The Dow Industrials (weak), Dow Transports (monkey-hammered), and Small Caps (slammed) in the red, But Nasdaq well in the green...

 

Thanks to FANGs...

 

And not thanks to Energy stocks...

 

As Breadth collapsed...

 

The 140 year streak is over - a year ending with "5" closed red for the S&P 500!!...

image

 

A year of living cognitively dissonant...

 

Gold, Oil, and The Dow all lower on the year for the first time since 1984...

1985 saw WTI rally 29%, Gold rally 14%, and Dow surge 30%

 

This was Apple's worst year since 2008 - down 4% (while Netflix gained 140%). This means the "no brainer" trade has made no money for investors since October 27th 2014...

Shares have shed about a fifth of their value since touching a high of $134.54 on April 28, and are down 17.5 percent since the inclusion of the stock in the Dow Jones industrial average in March. During its six-year run of gains, the stock has risen by at least 25 percent in five of those years.

Crude was the worst in 2015. The Dollar Index rose 9.2% and PMs dropped 10-11%. Bonds broadly speaking lost 4.3% as The Dow dropped around 2%...

 

Crude had its worst 2-year drop on record...

 

Leveraged Loans tumbled almost 3% YoY - the biggest drop since the financial crisis (and 2nd biggest drop on record). Lev100 is now at its lowest since August 2013...

*  *  *

Q4 was a big quarter for stocks... (except Trannies)

 

As they outperformed bonds (-2.5%), HY (+1.3%), and PMs (-5%)

*  *  *

On the day every effort was made to get The S&P 500 above 2058.90 and ensure a green close for the year...

 

But despite the best effort for a post-EU-close ramp, it failed...

 

As USDJPY was ramped (fail)

 

Crude was epically ramped (fail)

 

and VIX was crushed the moment Europe closed.. but it did not last and towards the end of the day VIX went bananas...

 

Shorts were instantly squeezed as soon as Europe closed... but that effort stalled once the S&P broke above breakeven for the year... and it was dumped into the close...

 

*  *  *

On the week, stocks were red as Santa's rally faded... with a very ugly close...

 

Futures show the peak right at the cash close on Tuesday...

 

Since The FOMC, everything is down...

 

Treasury yields rose on the week but rallied into the close today...

 

The Dollar Index ended the week around 1% higher driven by weakness in EUR and Swissy...

 

Commodities mostly dropped this week (though copper clung to short-squeeze gains)...

 

Charts: Bloomberg

Bonus Chart: Because Fun-Durr-Mentals...

 

Bonus Bonus Chart: Bad Breadth Breaking Bad-der...

 

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Thu, 12/31/2015 - 17:07 | 6983377 buzzsaw99
buzzsaw99's picture

thanks janet

Thu, 12/31/2015 - 17:09 | 6983384 Takeaction2
Takeaction2's picture

Happy New Year Bitchez....don't take that raft out...Silver doesn't float...Damn.

Thu, 12/31/2015 - 17:15 | 6983414 KesselRunin12Parsecs
KesselRunin12Parsecs's picture

Hey Man... Happy New Year to ALL ZH'ers!...

I've been kicked off of here 22x already, But I <3 u all & ESPECIALLY the Tylers!!!

 

f_s

Thu, 12/31/2015 - 17:24 | 6983445 johngaltfla
johngaltfla's picture

CRAPPL got Beardicaprio'd....

Thu, 12/31/2015 - 18:45 | 6983535 freewolf7
freewolf7's picture

A big shout out to those calling for a 3:30 ramp and a green close. Hey, don't get me wrong-I'm looking for this fucker to burn down. If they could prop it, they would, and they didn't because they can't. Loss of control, and I'm delerious about it.
Nobody knows. We're all guessing, but I hope some of you are as smart as the criminals running the casino.
Happy New Year!

Thu, 12/31/2015 - 19:13 | 6983792 TeamDepends
TeamDepends's picture

WAH Wah wah (game show loser music)

Thu, 12/31/2015 - 19:30 | 6983837 KesselRunin12Parsecs
Thu, 12/31/2015 - 20:14 | 6983986 Never One Roach
Never One Roach's picture
Happy New Year: EMC Layoffs Will Cost $250 Million

 

http://fortune.com/2015/12/31/emc-layoffs-cost-250m/?xid=yahoo_fortune

Thu, 12/31/2015 - 22:08 | 6984286 Keyser
Keyser's picture

We will know when it gets truly dire for the O&G industry when people start walking away from the homes / mortgages in Houston, just like they did in 1984... 

Thu, 12/31/2015 - 23:59 | 6984519 old naughty
old naughty's picture

end the year with a bum-mer,

fireworks and countdown cancelled in BJ, Sha?

Fri, 01/01/2016 - 14:05 | 6985428 ThirteenthFloor
ThirteenthFloor's picture

Wolf. This is only the pink ... No one has even seen the real RED yet.

Enjoy this "how big oil conquered the world" on your New Year's Day

https://www.corbettreport.com/episode-310-rise-of-the-oiligarchs/

Thu, 12/31/2015 - 17:31 | 6983471 SuperRay
SuperRay's picture

A parsec is a measure of distance, not time. Fucking annoying they couldn't even get that right

Thu, 12/31/2015 - 17:50 | 6983516 skinwalker
skinwalker's picture

Actually, in one of the star wars books it explained that the standard supply run to Kessel took you near a black hole cluster. Most people went around. Han Solo decided to fly dangerously close to the cluster to shave time of his route, thus completing it in 12 parsecs. 

 

Kessel was the place where glitterstim spice was mined. In low concentrations it produced euphoria, and in pure form conferred telepathic powers. It was one of the principal drugs in the star wars universe. 

Thu, 12/31/2015 - 18:13 | 6983579 SuperRay
SuperRay's picture

Dude, you have way too much time on your hands. Lol

Thu, 12/31/2015 - 18:55 | 6983590 KesselRunin12Parsecs
KesselRunin12Parsecs's picture

no... he has enough 'time'... just too many PARSECS with which to complete them within the customary allotment

Thu, 12/31/2015 - 20:41 | 6984077 TeamDepends
TeamDepends's picture

The spice must flow.

Fri, 01/01/2016 - 08:28 | 6984872 August
August's picture

Unspeakable things await the unwary, deep within the spice mines of Kessel.

Thu, 12/31/2015 - 17:52 | 6983532 GoldSilverBitcoinBug
GoldSilverBitcoinBug's picture

I agree but when distance become so astronomic it become time... There is a speed limit in the universe.

Thu, 12/31/2015 - 21:20 | 6984168 Drop out
Drop out's picture

A speed limit there is not.

Thu, 12/31/2015 - 22:49 | 6984373 KesselRunin12Parsecs
KesselRunin12Parsecs's picture

ffs ~ try & tell that 2 the fed

Thu, 12/31/2015 - 20:11 | 6983978 Implicit simplicit
Implicit simplicit's picture

There are folds of dark matter that make time, space not follow the typical rule measure, where an eon can be a parsec.

Thu, 12/31/2015 - 17:38 | 6983484 Wait What
Wait What's picture

the mythical francis sawyer?

Thu, 12/31/2015 - 17:47 | 6983503 qqqqtrader
qqqqtrader's picture

Hey CV, Love ya too man!

!Happy New Year!

 

 

(two times nine equals 18)

Thu, 12/31/2015 - 21:34 | 6983512 KesselRunin12Parsecs
KesselRunin12Parsecs's picture

Q4, my mello!... Do you still talk to AMEN RA?... Amen Ra still rocks (best charts on the PLANET)... I think our old friend b22 won our FF league this year.... Happy New Year! I hope the Macadamia harvest was a success!

 

I couyldn't find any of my CLASSIC posts from that blog... Only this...

 

Perhaps it's OK to then, read it, & take a look at where we've come since then (after all, those were my words on 12/31/2010)

 

Was I right? (more or less)? For anyone reading this right now, take a stoll dowm memory lane for a few moments and see if SOMEBODY had an idea (or not), about what was going on back then...

 

http://traders-anonymous.blogspot.com/search?updated-min=2010-01-01T00:00:00-05:00&updated-max=2011-01-01T00:00:00-05:00&max-results=50

 

PEACE, my friend!

Thu, 12/31/2015 - 22:48 | 6984371 unclebill
unclebill's picture

Happy new year, ZH is the best website in the world......almost as good as pornhub.....but still the best!!!!

Thu, 12/31/2015 - 17:09 | 6983388 Deathrips
Deathrips's picture

The most expensive pay per view continues to baffle the wolrd.....

 

RIPS

Thu, 12/31/2015 - 17:29 | 6983463 MrTouchdown
MrTouchdown's picture

No kidding! I'd like to dedicate/direct this 9 second clip of Fred Savage to the MSM and Janet Yellin.

Thu, 12/31/2015 - 17:58 | 6983549 JRobby
JRobby's picture

PPT took the day off

Thu, 12/31/2015 - 17:24 | 6983444 debtor of last ...
debtor of last resort's picture

Since 1984? Nice Tylers. Since Lehman is so 2015.

Thu, 12/31/2015 - 18:54 | 6983747 U4 eee aaa
U4 eee aaa's picture

Don't worry. They should be reporting 'since 1932' soon enough

Thu, 12/31/2015 - 18:37 | 6983676 stumbLebum
stumbLebum's picture

Stocks will do fine in 2016. Silver and gold's troubles have only just begun.

Happy New Year, bitchez!

Thu, 12/31/2015 - 19:38 | 6983876 Implicit simplicit
Implicit simplicit's picture

Who nose, eye don't, butt no sweat

Thu, 12/31/2015 - 20:32 | 6984051 glenlloyd
glenlloyd's picture

I would be a lot less excited about stawks than I would about PM's.

 

Thu, 12/31/2015 - 20:29 | 6984040 glenlloyd
glenlloyd's picture

Had to love seeing the barfing clown out for the year end!!

Thu, 12/31/2015 - 17:10 | 6983392 Brooks_Orpington
Brooks_Orpington's picture

Wow.  Two bonus charts!  What a way to end the year.

Thu, 12/31/2015 - 17:19 | 6983416 Bunghole
Bunghole's picture

Happy New Year Hedgies.

I'll be rocking out some Motorhead tonight in rememberance of Lemmy Kilmister.

Long Makers Mark.

Thu, 12/31/2015 - 17:21 | 6983431 Brooks_Orpington
Brooks_Orpington's picture

Long Knob Creek over here.  It's a far better Manhattan than, well, Manhattan on New Years.

Thu, 12/31/2015 - 17:24 | 6983442 Bunghole
Bunghole's picture

I got a bottle of the 23 year Pappy this year.

Not sure I want to break the seal on that.

And just to re-emphasize it.

Gold Bitchez!

Thu, 12/31/2015 - 17:25 | 6983447 stant
stant's picture

Mr Williams on the rocks, enjoyed the ppt guys vain efforts. Hope they get to keep their visas

Thu, 12/31/2015 - 17:42 | 6983497 Wait What
Wait What's picture

RIP Lemmy! I ain't no nice guy, either!

https://www.youtube.com/watch?v=7lHqG3sj1Fw

Thu, 12/31/2015 - 17:42 | 6983498 Amish Hacker
Amish Hacker's picture

Best New Years wishes to my fellow ZH bitchez. I sometimes think of a line from an Auden poem:

Defenceless under the night

Our world in stupor lies;

Yet, dotted everywhere,

Ironic points of light

Flash out wherever the Just

Exchange their messages:

 

(from "September 1, 1939") BTW, it starts with:



"I sit in one of the dives

On Fifty-second Street

Uncertain and afraid

As the clever hopes expire

Of a low dishonest decade:"

 

Some things never change.




Fri, 01/01/2016 - 08:34 | 6984877 August
August's picture

Fortunately, Hillary knows just how to deal with people like you.

Thu, 12/31/2015 - 17:10 | 6983394 _ConanTheLibert...
_ConanTheLibertarian_'s picture

In Red?? No way! Run for the hills.

WOW Nice asses!

Thu, 12/31/2015 - 17:19 | 6983427 ZippyBananaPants
ZippyBananaPants's picture

quite the pounding they took too!

Thu, 12/31/2015 - 17:20 | 6983428 Bunghole
Bunghole's picture

Okay.

I'll add some Iron Maiden to the mix tonight too.

Thu, 12/31/2015 - 17:11 | 6983395 KnuckleDragger-X
KnuckleDragger-X's picture

Cue up the BB King and kiss the year goodbye....

https://www.youtube.com/watch?v=BPlsqo2bk2M

Thu, 12/31/2015 - 17:12 | 6983401 Jason T
Jason T's picture

lol..... 

 

 

Thu, 12/31/2015 - 17:12 | 6983404 wmbz
wmbz's picture

Well, I guessed wrong! I thought the close would be green or neutral.

The PPT must have said fuck it today, went porn surfing, hooker humping, coke snorting & drinking early.  It is New Years Eve.

No worries they'll get right back to it next week!

Sat, 01/02/2016 - 20:18 | 6989339 LooseLee
LooseLee's picture

ANYONE who praises, profits, or proclaims the deeds of the PPT is a traitor to America and the Love of Freedom. The PPT is a PINKO FASCIST COMMIE agenda. If you worship it, you will perish with it...

Thu, 12/31/2015 - 17:14 | 6983409 Temporalist
Temporalist's picture

QE2016!  It's for the chillens!

Thu, 12/31/2015 - 21:42 | 6984220 Future Jim
Future Jim's picture

If it helps just one child, no cost is too great.

Thu, 12/31/2015 - 17:14 | 6983412 Seasmoke
Seasmoke's picture

Janet still has 8 hours to LOWER Rates.  

Thu, 12/31/2015 - 17:17 | 6983419 Kaiser Sousa
Kaiser Sousa's picture

reality is a bitch bitches...

good luck and if u didnt know u better take the Gold and Silver pills....

cya-

Thu, 12/31/2015 - 17:17 | 6983420 InnVestuhrr
InnVestuhrr's picture

If, like me, you owned US Treasuries, then you earned interest income plus capital gains, especially if you swing-traded them like I did.

KA-CHING $$$ to 2015 :-))

Thu, 12/31/2015 - 17:19 | 6983425 Soul Glow
Soul Glow's picture

That's a wrap, bitchez!

Thu, 12/31/2015 - 17:21 | 6983434 Bastiat
Bastiat's picture

Schlonged!

Thu, 12/31/2015 - 17:22 | 6983435 thx111
thx111's picture

PPT left early for the holiday weekend.  After all, they are lazy gov. workers.

 

 

Thu, 12/31/2015 - 17:27 | 6983457 Sir John Bagot Glubb
Sir John Bagot Glubb's picture

Government employees.  What do you expect?  

Thu, 12/31/2015 - 17:22 | 6983438 Atomizer
Atomizer's picture

Worst year for oil? Do you mean the best year for consumer Muppets? Let’s talk about your derivative options contracts.

Let’s refresh this title on Zero Hedge: Worst Year for Derivative Options Trading. Corrected for you.

Fuck you scumbags, we beat you into the ground. Happy New Year.

Thu, 12/31/2015 - 17:24 | 6983446 Sir John Bagot Glubb
Sir John Bagot Glubb's picture

I didn't get the boat video.  Did they hit a log or the fact that the crash was caused by nothing in particular at all  is the point?  

Thu, 12/31/2015 - 17:28 | 6983454 Bastiat
Bastiat's picture

A wave bounced the driver off the helm, then it went sideways and stopped very fast.  The captain took the worst beating which is totally appropriate as he was responsible. 

Thu, 12/31/2015 - 17:30 | 6983467 Sir John Bagot Glubb
Sir John Bagot Glubb's picture

Unfortunately the Captain of our ship never takes any beating.  He's playing golf in Hawaii.  

I wonder if Reggie went too.

Thu, 12/31/2015 - 18:09 | 6983573 Atomizer
Atomizer's picture

Captain forgot to use the trim tabs to stabilize.

How to properly trim your boat for fuel economy and comfort. Chaparral 327 SSX

 

Thu, 12/31/2015 - 18:52 | 6983739 lincolnsteffens
lincolnsteffens's picture

At the speed he was going it didn't look like anyone but the captain was enjoying getting their kidneys banged around until they wern't.

Thu, 12/31/2015 - 17:45 | 6983506 Atomizer
Atomizer's picture

The media will shutdown a 3 mile radius claiming it was a Clinton Terrorist hosted thru the foundation. In honestly, another blown out of proportion by media. Glad to see them starve as people sell the stock. you can always replace these news anchors with Emily. Since you like to promote AI and robots, we can just replace you.

Image Metrics Emily CG Facial Animation

Bye, Bye media cunts. Welcome to be replaced in the global market. You promoted it, now live it.

Thu, 12/31/2015 - 20:00 | 6983936 Ralph Spoilsport
Ralph Spoilsport's picture

Another asshole with a Fountain 38. These jerks are worse than retirees driving Corvettes and laying rubber in the parking lot of the retirement home.

Thu, 12/31/2015 - 17:27 | 6983458 Bunghole
Bunghole's picture

Thank you Tylers for an interesting 2015.

The boat video never gets old.

His name was Francis Sawyer.

Thu, 12/31/2015 - 17:34 | 6983476 Pareto
Pareto's picture

hey what's with the "year ending in a 5 is red" chart?  Seemed like a shit pile of years ending in a 5 that were awesome.  Are they suggesting a new trend?  guess i answered my own question.

Thu, 12/31/2015 - 17:34 | 6983478 Muse minus Time
Muse minus Time's picture

"Lagarde warned that rising US interest rates and a stronger dollar could lead to companies defaulting on their payments and that this could “infect” banks and states."

http://fxandgeopolitix.com/2015/12/31/imf-chief-lagarde-warns-of-disappo...

2016 forecast....headwinds strenghten, hang onto your hats...Happy New Years to the Tyler Durdens' of ZH...hope you have found a calm eddy to hang out in!

Thu, 12/31/2015 - 17:42 | 6983485 Zinu
Zinu's picture

RUB keeps crashing - so that boat video is spot on! Russian economy crashing BIG TIME!

74 RUB for 1 USD

Happy new year! 

Thu, 12/31/2015 - 17:50 | 6983527 GoldSilverBitcoinBug
GoldSilverBitcoinBug's picture

Putin made an error to enter in war in Syria it will cost him money and will get stuck here for years even if take back control of some ISIS territories...

 

He made a bad move for me, his economy can't handle a multi years war !

Thu, 12/31/2015 - 20:43 | 6984088 NOTfromSanFrancisco
NOTfromSanFrancisco's picture

 

 

But, you have to remember, if he did not go in, the alternative would have been far worse.

Assad would have been terminated. Putin loses an ally.

Saudi and Qatar would have have gotten control of Syria and put in their massive pipeline to Turkey, cutting Russia's gas sales significantly.

Daesh would have grown significantly stronger, perhaps taking over Syria completely.

It also bolstered Putin's influence on the world stage

IMHO, this was Putin's best play.

 

Fri, 01/01/2016 - 15:07 | 6985804 GoldSilverBitcoinBug
GoldSilverBitcoinBug's picture

Maybe but the ruble is trading lower and lower: now it's about 73/1 !

Thu, 12/31/2015 - 21:14 | 6984141 Sir John Bagot Glubb
Sir John Bagot Glubb's picture

The Russians want an outlet on the Mediterranean for a Gazprom pipeline.  We don't want them to have that.  That is what the Syrian conflict is all about.  Money and commerce.

Thu, 12/31/2015 - 17:40 | 6983489 alfbell
alfbell's picture

 

 

We're really moving into chaos, abnormalty, bizarro-territory. The corporatist-militarist system and the 1% are in the driver's seat. Fasten your seat belts and prepare for the shit to be hitting the fan for the next few decades until we finally do a modern day "Collapse Of The Roman Empire". Mankind has an age old virus in its collective mind that just continues the insanity. We are puppets to the animalistic part of our minds. The system is collapsing. Prepare for the worst: Hillary as president, WWIII, global depression, disruption in everything. Sorry, I just can't bring myself to wish everyone a happy new year. Would be foolish. Make the best of it. Figure out a way to prosper and take care of your family and friends despite the descending darkness. Make your own economy. 

Thu, 12/31/2015 - 18:07 | 6983567 marts321
marts321's picture

Well said. Good luck in 2016, and to all ZH'ers! 

Thu, 12/31/2015 - 19:20 | 6983808 Atomizer
Atomizer's picture

Happy New Year too all our friends on Zero Hedge.  Let’s hope 2016 brings in a passion to remove these global pigs who talk about democracy, but don’t practice it unless discussed behind closed doors.  Paul Ryan just dropped a 2 AM fucking increase on debt ceiling limit so Obama can vacation in Hawaii.

Thu, 12/31/2015 - 19:22 | 6983815 Implicit simplicit
Implicit simplicit's picture

..HappyNew Year in hopes the  collapse cleanses the collective soul of those in need during the struggle. Enjoy the callous that forms to protect you as you learn.

Thu, 12/31/2015 - 17:40 | 6983490 Mark Mywords
Mark Mywords's picture

We looted some folks.

Thu, 12/31/2015 - 17:47 | 6983514 GoldSilverBitcoinBug
GoldSilverBitcoinBug's picture

No QE, no happy new year, very simple to understand.

Be ready for a QE4 if it goes south in 2016 !

Thu, 12/31/2015 - 17:50 | 6983529 alfbell
alfbell's picture

 

 

We've been 99%ed.

Thu, 12/31/2015 - 18:32 | 6983653 Conax
Conax's picture

Oh, they shagged us rotten, baby!

Yeah.

Thu, 12/31/2015 - 18:00 | 6983542 db51
db51's picture

That fucking video is Epic.  lmao.   Love the cocky ass motherfucker at the controls...especially when he did the Captain Kirk full steam ahead thing....lmao.....oh...and those fucktards in the boat....drinking beer...looking all hot in their bikinis.....not a care in the world, then the little cunt in the middle broke a fingernail...and you could see her mouthing "fuck"  "fuck"   so concerned about it she didn't see the 'BIG ONE"  coming......and then    BOOM MOTHERFUCKER!   LMAO....The captain went down like a ten pin.   That was hilarious.

Thu, 12/31/2015 - 18:49 | 6983727 R19
R19's picture

Please minus the 'looking all hot in their bikinis.', but yeah.  FUCK YEAH.  Never gets old because we're on the water, we're invincible!

Thu, 12/31/2015 - 18:01 | 6983555 scintillator9
scintillator9's picture

One needs to reflect on what happened today for a moment.

In spite of massive stock buy backs, cost cutting measures by nearly all companies that make up the DJIA and S&P (i.e. elimination of staff and most likely service), intervention by the FED, BOJ, BOE, and ECB, and a global currency devaluation; the DJIA and S&P still managed to end the year RED.

But, I am sure this was just a fluke, and we should all just jump in and buy, buy, buy the dip.

Or, should the new mantra be Bet The Fucker Drops.

Tune in next year to find out......

 

Thu, 12/31/2015 - 20:27 | 6984036 pakled
pakled's picture

Same batty time... same batty station.

Thu, 12/31/2015 - 18:16 | 6983588 Jack Oliver
Jack Oliver's picture

1984 huh - The Orwellian pieces are all fitting together now - US foreign policy has been adopted from 1984 - Putin is 'Goldstein' and we are all preparing for 'HATE WEEK' !!

Thu, 12/31/2015 - 18:30 | 6983639 geekz_rule
geekz_rule's picture

epic post! thanks Tylers~

Thu, 12/31/2015 - 18:37 | 6983673 Hohum
Hohum's picture

There is a certain glow in the comments when the stock market slides.  Will joy or despair rule in 2016?

Thu, 12/31/2015 - 19:00 | 6983764 Pseudonymous
Pseudonymous's picture

Meanwhile, Bitcoin is up 34% in USD terms or near 50% in gold terms for the year:

https://www.tradingview.com/chart/?symbol=BITFINEX:BTCUSD%2FXAUUSD

One more interesting chart - Bitcoin/Oil ratio. It's just odd that this ratio stayed in a relatively narrow range for most of this and the previous year (about 1 and 3/4 years).

https://www.tradingview.com/chart/?symbol=BTCUSD/CL1!&interval=1W

Thu, 12/31/2015 - 19:14 | 6983797 Ban KKiller
Ban KKiller's picture

And...don't forget, a hearty "FUCK YOU" to Bank of America. 

Gotta love those idiots at Nationstar Mortgage, LLC where their stock lost half its "value". Guess they need more creative accounting. 

Long silver beaches. 

Thu, 12/31/2015 - 21:08 | 6984140 ThrowAwayYourTV
ThrowAwayYourTV's picture

Reliance Capital #1

Thu, 12/31/2015 - 19:42 | 6983880 ihatebarkingdogs
ihatebarkingdogs's picture

Happy New Year.

 

I've seen the crash portion of that vid a zillion times. But never saw the 6 minutes following the crash. Seriously? 6 really grown people can't take initive to start the boat back up, put it in gear, and drive it to the dock for help? I'ts really not hard.

I looks like he was full throttle most of the time (left hand, in view of the camera), and when he 'modulated' he pulled the throttles ALL the way back. That's like putting the brake on. Look at the wake outside the boat, and you see another boat's wake go by. Pretty big. He pulls the throttle to idle while his boat is in the air off the wake. When it comes down it lands on the bow, and bow-steers. Because the power is off, steering is ineffective. When it hits on the bow, it pitches sideways. He was doing almost everything wrong, including WOT runs with 6 people in his boat when he wasn't proficient enough yet to be going this fast.

I'm glad none of the occupants were hurt.

Nerver get in a Hi Performance Car, Boat, or General Aviation Aircraft unless you are personally familiar with the operator's qualifications to be operating it.

Thu, 12/31/2015 - 20:09 | 6983963 Ralph Spoilsport
Ralph Spoilsport's picture

Exactly. There's a lot of them around here in the summer and most of them don't have a clue about boat handling. During their "Poker Runs", they frequently smash together while racing alongside each other because they don't approach oncoming waves correctly and bow steer exactly as you describe when they dump the throttle. Unfortunately, a lot of these twats are in the financial industry. The rest are lawyers. Fountains? Go Donzi or leave it on the fucking trailer.

Thu, 12/31/2015 - 20:33 | 6984046 pakled
pakled's picture

..

Thu, 12/31/2015 - 20:33 | 6984048 pakled
pakled's picture

..

Thu, 12/31/2015 - 20:34 | 6984052 pakled
pakled's picture

Best play-by-play in the thread.

 

Executuve Summary: The guy is DFI (drunk fucking idiot)

 

(as am I on this new years)

Thu, 12/31/2015 - 20:17 | 6983996 Yes We Can. But...
Yes We Can. But Lets Not.'s picture

Happy New Year to all ZHer's.  May we all too have our bells rung in '16, but in a good and happy way.

Thu, 12/31/2015 - 20:30 | 6984042 ThrowAwayYourTV
ThrowAwayYourTV's picture

Templeton Rye x (2) w/Ginger Ale and (2) cubes. A/K/A "Highball"

Yeah Baby!

https://youtu.be/R7kiq2Kdm98

Thu, 12/31/2015 - 20:54 | 6984109 NOTfromSanFrancisco
NOTfromSanFrancisco's picture

 

 

DITTO TO ALL!!!  HAPPY NEW YEAR!!!

Here's to a frothy S&P so we can try to capture a little profit on the volatility...

BTW, saw "The Big Short". Thoroughly entertaining and learned a little more about the 2007-08 financial bust too.

Well worth the view...

 

Thu, 12/31/2015 - 21:26 | 6984181 401K of Dooom
401K of Dooom's picture

Well Tyler all I can say is that I amglad that no one was killed in that boating misadventure.  Looks like the chick in yellow was on top of everything when the accident hit and started to take care of everyone - good for her!  The chick in periwinkle was annoying, "somebody drive the boat!"  I wonder what they hit?  An alligator? 

Thu, 12/31/2015 - 21:29 | 6984187 fowlerja
fowlerja's picture

Don't understand what the fuss is all about..in the new normal...you just turn the charts upside down and life is good...

Thu, 12/31/2015 - 22:18 | 6984301 I AM SULLY
I AM SULLY's picture

Some thoughts/suspicions about what comes next ... http://iamsully.com/?p=15412

Thu, 12/31/2015 - 22:22 | 6984314 I AM SULLY
I AM SULLY's picture

I expected this 2.5 years ago ... and I'm still not convinced the FED will stop sitting on the economy long enough to allow a collapse (which means despite the "lift off" rhetoric currenc debasement is still the solution dujour).

http://iamsully.com/?p=8958

Thu, 12/31/2015 - 23:10 | 6984439 Arthur Schopenhauer
Arthur Schopenhauer's picture

Weeeeeeeeeeeeee! Lets do it again!

Thu, 12/31/2015 - 23:20 | 6984453 I AM SULLY
I AM SULLY's picture

Awesome!

Thu, 12/31/2015 - 23:19 | 6984454 I AM SULLY
I AM SULLY's picture

+1

Fri, 01/01/2016 - 07:33 | 6984838 the not so migh...
the not so mighty maximiza's picture

OH yes a boat load of bimbos ruined by a zero hedge elliot wave...    have to get some sleep.. HAPPY NEW YEARS!!!!!!!!!!!!!!!!!!!!!!

 

 

 

Fri, 01/01/2016 - 10:10 | 6984970 Itch
Itch's picture

What the fuck is the point in packing 7 people in a tiny boat and hammering it? Funny shit.

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