This Is The Dow's Worst Start To The Year... Ever

What did the Fed do?!

Worst. Ever! Sounds like a great buying opportunity, right?

Comments

[gatorengineer]

I got a feeling they aint shown up.  They should have defended that S&P support level.....

Chinas PPT will have fun tonight.

Something should break, a big hedgie or a commodity firm doing a belly flop

[Mr. President]

Meh..3:30 tomorrow dow will probably be +300.

They have the levers and controllers. Probably won't actually 'crash', but a very slow fade..shops,businesses , any mfg that's still here will all close.unemplyment will be at 89%....meanwhile the dow holding strong around 17,000+ ,and gold still hammered daily at 1100.

Just sayin..it's a plausible scenario.

But a fast crash would be more exciting to me.

[noless]

Thanks Obama

[Hitlery_4_Dictator]

Close, it will be up +400

[krispkritter]

My January forecast: Helium up. Feathers down. Paper stationary. Knives up sharply. Pencils lose a few points. Elevators rise, while escalators continue their slow decline. Weights up in heavy trading. Mining equipment hits rock bottom. Diapers remain unchanged. Insomnia pharmas up for a third day. Heavy trading in metals. Balloon prices are inflated. Major shipping lines still on an even keel. Cows entered a bull market. Autos along for the ride. Airlines crashing. Dairy gets creamed. Brewers get hammered.  Fisheries in the tank... 

[Nobody For President]

Ammo explodes...

[screw face]

....what only one chart

[screw face]

....what only one chart

[Soul Glow]

What did the Fed do?

Well they didn't raise rates.

[A Lunatic]

Only 352 more shopping days until Christmas......

http://www.xmasclock.com/

[SilverDOG]

BWAAhhhh haaaa haaaa !

[El_Puerco]

C/P:

{ What more can I say when I just don't care about what happens to high level thieves? A stock market crash won't rip the crops out of the ground and starve everyone . . }

OIL CRUDE=   $20 / Barrel ....

Saludos... 

[ChargingHandle]

it's the weather....bush's fault, global warming? C'MON!

[R.R.Raskolnikov]

Is this not something unique? We are about to witness one of the largest financial crisis that mankind will experience.

[DirkDiggler11]

2016, the year of "RAPE"

Bulls getting it up the ass and getting RAPED - they asked for it !
The middle class in the US still getting RAPED by the Fed & Government
German women getting RAPED by Muslim "migrants"
Me getting RAPED by the IRS and our government

Lots of RAPE going around in 2016 ... Who's RAPING YOU ???

[BSHJ]

With all the wishful thinking and talk of the markets going down more.....i am afraid we are in for a huge rally that will make us the fools again.

[Nobody For President]

Keep checking the world markets - I do every morning before US open with 'Portfolios' - one Asia, one Europe.

Our markets can't rally very much when the rest of the world is red. China market will absolutely tank tomorrow, and bring the rest of the world with it. Huge tank.

There will be a US rally, maybe next mid-week, but it ain't gonna be tomorrow, and I got a hell of a lot of money on it.

[conraddobler]

January is the new October.

Globull warming!

[lester1]

All this selling going on is the 1% cashing out. There's a lot of stupid people on Main Street that believe in the stock market and left their money in. They are going to get wiped out soon. Sad.

[Nobody For President]

Think global. There are a lot of Chinese sheeple that are desperate to bail no, after last year's violent up and down. They are gonna be selling tomorrow, because the limit down is off.

Just watch.

[RealistDuJour]

I are confused?  Is this chart for the first partial week of every year or is it comparing every previous full week of trading with just this year's partial week so far?  I couldn't imagine Zero possibly trying to show an unfair bias?  We all know that the PPT will come to save the week from being the worst opening week ever...

[Nobody For President]

Realist? No fucking way. The whole fucking world market is going down these days.

No PPT can hold our so called 'market' together. Fundamentals are starting to matter (Finally!).

[snowman23]

Do you mean to tell me we're not going to be able to print, borrow, tax and spend our way out of trouble?!

[CHX]

old Yeller hums... Should I print or should it blow now... If I don't print there will be trouble ... LALALALALA

[Jim Shoesesta]

This post is racist.

[Palladin]

While the article is correct from a nominal point perspective, it doesn't take into account any of the changes in the Dow over time. Below are the changes over the last 10 years

April 8, 2004

Removed    AT&T – (24.46)

Eastman Kodak – (25.03)

International Paper – (41.57)

Added         American International Group + 75.35

Pfizer Incorporated + 35.39

Verizon Communications + 37.14

Point Gain       +54.82

November 21, 2005

SBC Communications Inc. was renamed AT&T Inc. after it acquired the original AT&T

February 19, 2008

Removed    Altria Group Incorporated , formerly Phillip Morris – (72.93)

Honeywell International – (56.41)

Added         Bank of America Corporation + 42.67

Chevron Corporation + 84.83

Point (Loss)     (1.84)

September 22, 2008

Removed         American International Group – (4.72)

Added              Kraft Foods + 33.09

Point Gain       28.37

June 8, 2009

Removed   Citigroup – (2.62)

                   General Motors – (1.14)

Added        Cisco Systems + 18.13

                   Travelers + 35.09

Point Gain   49.56

September 14, 2012

Removed         Kraft Foods – (39.93)

Added              UnitedHealth + 54.25

Point Gain       14.3

September 20, 2013

Removed    Bank of America – (14.44)

Hewlett-Packard – (21.22)

Alcoa – (8.29)

Added         Goldman Sachs + 169.75

Nike + 69.37

Visa + 198.83

Point Gain   394.00    (Note: this is the largest point gain in over 10 years).

March 19, 2015

Removed    AT&T – (33.59)

                   Visa  –  (267.67)

Added         Apple Computer + 127.5

Visa + 66.91 (4:1 split price)

Point (Loss)     (106.85)

Note: In order to compensate for this point loss, the divisor must be adjusted again. Even though there are still only 30 stocks in the average, the official divisor changes from 0.155715905 to 0.14967727343149 to maintain “continuity”.

 December 24, 2015

Nike 2:1 split changed the divisor from 0.14967727343149 to 0.14602128057775 

The elephant in the room is the Dow Divisor.

There are 30 stocks in the Dow, so the total should be added and then divided by 30. But in typical convoluted Wall street fashion, the divisor has morphed from 30 to 0.1460212805775 so the Dow doesn't change from when stocks are added or removed.

Wall Street calls this a "Price Weighted Average."

Outside of Wall Street, there is no such thing. An Average is @sum divided by @count.

[Nobody For President]

Thank you Pal - reminds me of a lot of informative, factual posts in the old days on ZH. 

Spot on!

Thanks!

[Crusader75]

The sky is falling, the world is ending.