The Dow Is Now Down 1600 Points From New Year's Exuberant Highs

Tyler Durden's picture




 

Baumgartner'd...

 

 

From 17,660 highs to 16,058 lows in 10 days!

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Wed, 01/13/2016 - 14:36 | 7041551 Mark Mywords
Mark Mywords's picture

We impoverished some folks.

Wed, 01/13/2016 - 14:37 | 7041555 xrxs
xrxs's picture

This wasn't supposed to happen.

Wed, 01/13/2016 - 14:40 | 7041577 Durrmockracy
Durrmockracy's picture

Burn it down you fuckers!

Wed, 01/13/2016 - 14:41 | 7041586 Looney
Looney's picture

0bama gave the DOW the “kiss of death” yesterday ;-)

Looney

Wed, 01/13/2016 - 14:43 | 7041604 Arnold
Arnold's picture

So much for the December 31, Buy and Hold resolution.

Wed, 01/13/2016 - 14:44 | 7041619 remain calm
remain calm's picture

You haven't seen anything yet.

Wed, 01/13/2016 - 14:49 | 7041649 Temporalist
Temporalist's picture

If they had only listened to Kruggie and printed moar this would never have happened.

Wed, 01/13/2016 - 15:00 | 7041762 ThaBigPerm
ThaBigPerm's picture

Even the "ZH calls the bottom" ramp fizzled after a brief dozen or so points.  Is this now officially time to panic?

Wed, 01/13/2016 - 15:09 | 7041823 techpriest
techpriest's picture

I don't know why, but I'm thinking about the Boy Scout camp I worked at in high school, and every time we were on the lake shore and a skier was going by, we would shout "FALL FALL FALL!"

Wed, 01/13/2016 - 15:12 | 7041852 Tom Servo
Tom Servo's picture

3:30 ramp capital LLC has his work cut out for him...

 

Wed, 01/13/2016 - 15:19 | 7041896 mtndds
mtndds's picture

Here comes the 3:30 pm'ish ramp!!!

Wed, 01/13/2016 - 15:29 | 7041971 Shleprock
Shleprock's picture

Ramping hard for Grandma!!

Wed, 01/13/2016 - 15:47 | 7042093 NikoBellick
NikoBellick's picture

 

 

  Who knows anymore. I want to say yes and break out a fattie and a double of Bourbon to celebrate but I think I'll wait and see how the week ends before I start dancing a jig. Did order another 30 ounces of silver just in case though.

Wed, 01/13/2016 - 14:49 | 7041652 two hoots
two hoots's picture

10Y is yelling at Yellen

Wed, 01/13/2016 - 15:11 | 7041845 noless
noless's picture

It'll close green tomorrow and you know it.

Wed, 01/13/2016 - 14:44 | 7041606 remain calm
remain calm's picture

remain calm

Wed, 01/13/2016 - 14:43 | 7041609 nuubee
nuubee's picture

Lucky for us peons, there are no drugs to lessen the withdrawal symptoms of detoxification from bad debt.

Wed, 01/13/2016 - 14:43 | 7041611 walküre
walküre's picture

Yes! He gave it the kiss of life shortly after he took office and after the lows in March '09.

Catch that falling knife, yeah! Catch that falling knife!

Wed, 01/13/2016 - 14:43 | 7041578 remain calm
remain calm's picture

Most americans who are retired and have retiremnt accounts will be applying for jobs six months from now.

Wed, 01/13/2016 - 15:23 | 7041930 JuliaS
JuliaS's picture

They already did.

Wed, 01/13/2016 - 14:44 | 7041620 Hitlery_4_Dictator
Hitlery_4_Dictator's picture

ah countaire, it WAS supposed to happen.

Wed, 01/13/2016 - 15:55 | 7042134 Blistering Barnacles
Blistering Barnacles's picture

1h1 hour ago

The entire PPT has been fired.

 

Wed, 01/13/2016 - 15:55 | 7042136 Blistering Barnacles
Blistering Barnacles's picture

1h1 hour ago

The entire PPT has been fired.

 

Wed, 01/13/2016 - 14:37 | 7041557 RadioFlyer
RadioFlyer's picture

It'll be a slow ride down Mr. Yellen's shaft.

 

Wed, 01/13/2016 - 14:38 | 7041559 Sanity Bear
Sanity Bear's picture

it's not 3:30pm yet tho

Wed, 01/13/2016 - 14:45 | 7041623 FreedomGuy
FreedomGuy's picture

Let's watch for the 3:15 buy backs. It seems pretty consistent. I'd like to know who or what the buyers are. People, funds, algo's, what?

Wed, 01/13/2016 - 14:56 | 7041736 bnbdnb
bnbdnb's picture

Yellows.

Wed, 01/13/2016 - 15:05 | 7041805 wanderer9641
wanderer9641's picture

Whoever or whatever they are, they have very deep pockets of expendable currency.

Wed, 01/13/2016 - 15:25 | 7041944 FreedomGuy
FreedomGuy's picture

Holy crap, it is starting right on schedule! Seems to be leveled off, now. Let's watch for the ramp up, now. This is really amazing.

I am guessing there is a struggle between the sellers and whoever this mysterious force is. Personally, if I was a determined seller I'd wait for the ramp and sell at around 3:55.

Wed, 01/13/2016 - 14:38 | 7041565 yrad
yrad's picture

DEER!!!

Wed, 01/13/2016 - 14:38 | 7041566 RadioFlyer
RadioFlyer's picture

Ramp time:  engage!

Wed, 01/13/2016 - 14:38 | 7041568 Be_Optimistic
Be_Optimistic's picture

Now that th ecomomy has reached escape velocity we must raise interest rates to limit the excessive growth.

Wed, 01/13/2016 - 14:48 | 7041646 FreedomGuy
FreedomGuy's picture

The Prez essentially said last night that it is the best economy, ever. I know a half black Democrat will never lie. He finally cleaned up the George-Bush/Republican mess.

I predict if the DOW continues to fall and then the real economy starts to fail, he will dust off the George Bush's fault recordings and blame it on the current Republican Congress. If only they would do more of his socialism it would have saved us.

Wed, 01/13/2016 - 14:58 | 7041746 bnbdnb
bnbdnb's picture

Best economy ever.... for the 1%.

Wed, 01/13/2016 - 15:11 | 7041839 techpriest
techpriest's picture

When Soros was out saying "It's all about to crash!" I figured he was done getting into a good short position.

Wed, 01/13/2016 - 15:32 | 7041996 Squid Viscous
Squid Viscous's picture

wait til H Ramrod gets indicted and Wall St. shows it's disapproval...

Wed, 01/13/2016 - 15:01 | 7041771 RopeADope
RopeADope's picture

Obama only said that because that is what Wall Street told him they would provide him if he did not go after them during his presidency.

Like a good brainless parrot he spewed that line of BS all over America last night and actually believes it.

Wed, 01/13/2016 - 14:39 | 7041570 mtndds
mtndds's picture

TRANSITORY, wait for the 3:30 pm'ish ramp.  Lately its been arriving around 3:15 to 3:18 pm.  A little early than usual.

Wed, 01/13/2016 - 14:40 | 7041579 Arnold
Arnold's picture

Stay down stupid!

If you get up he'll kill ya!

Wed, 01/13/2016 - 14:41 | 7041582 thismarketisrigged
thismarketisrigged's picture

only 16000 more pts to go until fair value

Wed, 01/13/2016 - 14:55 | 7041602 Kaiser Sousa
Kaiser Sousa's picture

word...

but, harken...i hear the sound of the "Angels of the Dow" in the distance...

u heard it from me here...

im betting they will park the Dow at the trusty confidence rescuing 1% loss mark by the close.....

now place ur bets gentlemen....

Wed, 01/13/2016 - 15:00 | 7041760 sdmjake
sdmjake's picture

16k off seems a little much.

Just take 10,000 off, retest the '09 low, and I think we are looking pretty fair.

Maybe 2016 IS the year of "price discovery"!

Wed, 01/13/2016 - 17:47 | 7042771 Pabloallen
Pabloallen's picture

Fuck them. Let them eat cake !

 

Wed, 01/13/2016 - 14:41 | 7041591 jakesdad
jakesdad's picture

now that s&p's finally pierced 1900 will we find out what the "real" floor is?

Wed, 01/13/2016 - 14:42 | 7041595 Bastiat
Bastiat's picture

Remember your sphincter kegels Mr. Yellen!

Wed, 01/13/2016 - 14:48 | 7041596 Yen Cross
Yen Cross's picture

 The  NAS100 is chewing it's way through the 100 week SMA.

 NasDARK... Will the last useful idiot please close the door, on your way out.

Wed, 01/13/2016 - 14:43 | 7041605 two hoots
two hoots's picture

"WASHINGTON: President Barack Obama told Americans nervous about terror and a changing economy that they should not fear the future,"   (IndiaTimes)

Just accept it.

 

Wed, 01/13/2016 - 14:46 | 7041633 Dr. Engali
Dr. Engali's picture

Eat your peas bitchez!

Wed, 01/13/2016 - 14:43 | 7041610 franzpick
franzpick's picture

And INDU is also just a % away from a 2 year closing low, on it's way to a 3 year closing low at 14500, down another 10%:

http://bigcharts.marketwatch.com/quickchart/quickchart.asp?symb=djia&insttype=Index&freq=2&show=&time=11

Wed, 01/13/2016 - 14:49 | 7041654 franzpick
franzpick's picture

Uh oh, on my screens one of the INDU wheels is apparently coming off:

http://www.investing.com/indices/us-30-advanced-chart

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