S&P Crashes Below August 24 "Black Monday" Lows

Tyler Durden's picture




 

"Inconceivable" ... but there is more to come.

Black Monday Lows...

 

But credit sees more to come...

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Fri, 01/15/2016 - 12:44 | 7051165 Enceladus
Enceladus's picture

Which one of you rycist aholes down voted me?

you microagressive jerk!

Fri, 01/15/2016 - 12:27 | 7050978 charms
charms's picture

Mission accomplished

Fri, 01/15/2016 - 12:28 | 7050982 themadhur
themadhur's picture

So when did the Brazilian Finance Minister accuse the US of "currency wars"? Forget China as the instigator, blowback is a bitch.

Fri, 01/15/2016 - 12:28 | 7050985 indaknow
indaknow's picture

-500 and lovin it. hope the ppt stayed home today

Fri, 01/15/2016 - 12:36 | 7051085 Witch-king of Angmar
Witch-king of Angmar's picture

I think what we're seeing is WITH the PPT doing all it can. Seriously, who else would be a buyer right now?

Fri, 01/15/2016 - 12:28 | 7050986 Rainman
Rainman's picture

I got a 95% off sale on my inventory of Dow20k hats .... act now !

Fri, 01/15/2016 - 13:45 | 7051653 Savyindallas
Savyindallas's picture

Knock off a zero and keep then  -Dow 2,000 hats will have more value

Fri, 01/15/2016 - 12:48 | 7050988 Squid Viscous
Squid Viscous's picture

NAz down 190, that's gonna leave a mark in someone's tighty whities?

Fri, 01/15/2016 - 12:28 | 7050989 buzzsaw99
buzzsaw99's picture

fake on the way up. fake on the way down. there is no market. mr. yellen sets the price. who run barter town?

Fri, 01/15/2016 - 12:34 | 7051059 __Usury__
__Usury__'s picture

who run barter town?..........just ask Mel Gibson

Fri, 01/15/2016 - 12:37 | 7051093 buzzsaw99
buzzsaw99's picture

lloyd run barter town

Fri, 01/15/2016 - 13:24 | 7051510 JuliaS
JuliaS's picture

Mel Gibson: "The Jews!"

Fri, 01/15/2016 - 12:29 | 7050999 Bill of Rights
Bill of Rights's picture

" THE STATE OF OUR UNION IS STRONG "

Fri, 01/15/2016 - 12:29 | 7051001 katchum
katchum's picture

Who else here is secretly laughing at Yellen's credibility?

Fri, 01/15/2016 - 12:40 | 7051118 two hoots
two hoots's picture

Not me.  Her and her cabal sucked the life out of our nation and they are not done yet. 

Fri, 01/15/2016 - 14:06 | 7051803 _ConanTheLibert...
_ConanTheLibertarian_'s picture

Which credibility?

Fri, 01/15/2016 - 12:29 | 7051005 Newbie lurker
Newbie lurker's picture

I'm going to smoke a bunch of peyote and sit naked playing the bongo drums at 330 EST just to exorcise the demons.

Fri, 01/15/2016 - 12:31 | 7051025 db51
db51's picture

What has been seen, cannot be unseen....I won't ever get that imaginary image out of my head.   

Fri, 01/15/2016 - 13:07 | 7051390 xxxxx
xxxxx's picture

Funny

Fri, 01/15/2016 - 12:30 | 7051018 Panic Mode
Panic Mode's picture

I would love to reboot the "24" theme tune before next Monday market open.

Fri, 01/15/2016 - 12:33 | 7051055 db51
db51's picture

Are Markets open on Official Black Monday?

Fri, 01/15/2016 - 12:39 | 7051117 Mr. Schmilkies
Mr. Schmilkies's picture

Nice David Bowie avatar, RIP.

Fri, 01/15/2016 - 12:31 | 7051027 SillySalesmanQu...
SillySalesmanQuestion's picture

Unleash the Crashin.

Fri, 01/15/2016 - 12:32 | 7051032 matermaker
matermaker's picture

I felt the need to look up and watch the scene from 'Titanic' when they hit the iceberg.

Fri, 01/15/2016 - 12:32 | 7051037 charms
charms's picture

Hello Cramer .... it's Tim ... ya ... breakout the blowhorn

Fri, 01/15/2016 - 12:32 | 7051039 franzpick
franzpick's picture

My regards to the money managers who have to stay long over this weekend, as well as during the upcoming multi-year equity-commodity-debt worldwide collapse.

Fri, 01/15/2016 - 12:35 | 7051080 jakesdad
jakesdad's picture

the emails from mine have been amusing!  I told him this was coming last summer & we got 80% out (let him talk me into leaving 20%) days before august tank.  we're still losing $ but (so far) it's nice vacation $, not house $ (yet).

 

long ag & pb...

Fri, 01/15/2016 - 12:45 | 7051171 FreedomGuy
FreedomGuy's picture

I got 96% out about three months ago. After totday it will look like 98% out.

The problem is that in a managed economy and fixed interest rates, most anything can blow up on you.

Fri, 01/15/2016 - 12:33 | 7051045 Seasmoke
Seasmoke's picture

Imagine if they didn't Jack it up 300 points yesterday. 

Fri, 01/15/2016 - 12:39 | 7051110 silverer
silverer's picture

Desperation nation.  As has been said, the only thing you can trust the media to report truthfully is sports scores.  Since they can't lie about market results (sometimes they use the "technical problem"), they have more spin going than an international gyroscope exhibition.

Fri, 01/15/2016 - 12:34 | 7051060 Two Theives and...
Two Theives and a Liar's picture

Thank God I got the jumbo popcorn! 3:30 is gonna be REAL interesting!!

Fri, 01/15/2016 - 12:37 | 7051092 jakesdad
jakesdad's picture

looking forward to some great new xtranormals!

Fri, 01/15/2016 - 12:34 | 7051062 thismarketisrigged
thismarketisrigged's picture

VERY GOOD, NOW LETS RETEST THE MARCH 2009 LOWS AND AFTER THAT MAKE NEW LOWS.

 

ALL THESE FUCKING STAWKS IN THE S&P AND NASDAQ AND DOW ARE STILL WAY WAY TOO OVERVALUED. LOTS OF ROOM TO DROP.

Fri, 01/15/2016 - 12:34 | 7051066 Xscream
Xscream's picture

Margin calls a coming.................eat you jerks   bring on the deer !!!!!

Fri, 01/15/2016 - 12:34 | 7051067 Bill of Rights
Bill of Rights's picture

The DOW is down -522!!

Fri, 01/15/2016 - 12:35 | 7051070 SamuelMaverick
SamuelMaverick's picture

Margin calls will crate a snowball effect. This is going to get ugly. This is when the baby gets thrown out with the bathwater, and everything will go down, both the good and the bad. 

 

   Look out below !!!

 

                     Maverick

Fri, 01/15/2016 - 12:35 | 7051071 Seasmoke
Seasmoke's picture

Black Friday on a 3 day weekend, for a Black man, during a Black President. 

Fri, 01/15/2016 - 12:35 | 7051077 greatbeard
greatbeard's picture

Let this shit keep up for four of five years and these poor bastards will be feeling like gold bugs.

Fri, 01/15/2016 - 12:36 | 7051088 charms
charms's picture

Pick a chair. The music is about to stop.

Fri, 01/15/2016 - 12:38 | 7051099 buzzsaw99
buzzsaw99's picture

this is fun but it won't last

Fri, 01/15/2016 - 12:38 | 7051106 starman
starman's picture

Don't worry da Prezzident will save us! 

Fri, 01/15/2016 - 12:39 | 7051108 DowTheorist
DowTheorist's picture

It is a primary bear market. More than a month ago the Dow Theory signaled this primary bear market:

 

http://www.dowtheoryinvestment.com/2015/12/dow-theory-update-for-decembe...

 

And the odds favor subsequent declinces. The average decline following a primary bear market signal averages ca. -13% as explained here:

 

http://www.dowtheoryinvestment.com/2015/12/dow-theory-special-issue-addi...

 

 

 

Fri, 01/15/2016 - 12:39 | 7051112 ozziindaus
ozziindaus's picture

Not often the market crashes on a Friday. Something's up man

Fri, 01/15/2016 - 12:40 | 7051124 silverer
silverer's picture

Good time to switch over to front page UFO stories.

Fri, 01/15/2016 - 12:40 | 7051134 Sanity Bear
Sanity Bear's picture

hoocoodanode?

Fri, 01/15/2016 - 12:42 | 7051145 me or you
me or you's picture

Hahaha!  Crash baby crash. 

Fri, 01/15/2016 - 12:46 | 7051153 NubianSundance
NubianSundance's picture

I absolutely wouldnt be surprised if the Dow went vertical, stopped at exactly 17500 and then broke right now.

Fri, 01/15/2016 - 12:45 | 7051172 Vlad the Inhaler
Vlad the Inhaler's picture

Paging USDJPY, fucking bullshit rigged...

Fri, 01/15/2016 - 12:45 | 7051179 Yttrium Gold Ni...
Yttrium Gold Nitrogen's picture

Now we're talking!

Fri, 01/15/2016 - 12:57 | 7051290 Boing_Snap
Boing_Snap's picture

All the corporates are waiting on a drop in interest rates, possibly even negative....Why?...stock buy backs are on again, that is a great thing.,.....ya....great...we'll support the stock price......but hold on isn't that levering up the balance sheet?....don't worry interest rates will be low at least until the next quarter, we'll still make our options in the money......yeeeaaahhhhhh haaaawww

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