Tech Stocks Are Tanking, Banks Panic-Bid

Tyler Durden's picture

After an exuberant overnight session - ignoring the slump in USDJPY and bond yields - the US cash session open appears to have triggered a wave of selling (especially in tech stocks)...

Nasdaq is getting whacked at the open...

 

Bank stocks are bid once again - back to pre-FOMC Minutes levels - as Tech rolls over...

 

The S&P is back to unchanged...

 

As VIX spikes back above 10...

 

And as a reminder, yesterday's open was the opposite - a panic-bid...

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silverer's picture

Everybody has been told and has been waiting for the specific "black swan" for months. Wouldn't it be ironic if the markets dropped 40%, but nobody could point to any specific reason why, even after studying it for months? We'll call it "undefinable decentralized loss of confidence".

Manthong's picture

 

Oops.. time for the CB ‘s in Israel and Switzerland to  step up to the plate again.

And it’s time for the BIS to short gold.

DWD-MOVIE's picture

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agstacks's picture

Pretty sure they could construct a "Trump's fault" narrative that most would swallow. 

CPL's picture

In an inflationary environment, the pressure caused by the exponential multiplier of central bank printing kills all R&D across all sectors since all R&D is always on a fixed budget allocation over a 2 to 4 year cycle of development.  With no one watching inflation or announcing real inflation, all that work simply runs out of steam.

 

shizzledizzle's picture

Someone should tell the markets how great everything is.

CPL's picture

All your tools, toys, medicine, cars, fuel, and all the things technology bring are all going bye-bye.  I'm incredibly bullish on clobbers, tailors, smithy's, walking, horses and following the herd for sustenance.  You are all about to get knocked back to the stone age.

FreeShitter's picture

Tanking = green in 10 mins

CPL's picture

You'll see what the shelves look like at Xmas.  There's not going to be much on them.

tmosley's picture

Does Amazon have shelves?

Juggernaut x2's picture

Watching paint dry is more entertaining than this lame-assed shit

agstacks's picture

nasdaq down .06%.

 

Yawn.

Drater's picture

- .06% = tanking on ZH

thisisallnonsense's picture

this site is starting to get worse by the day, its like listening to a WNBA game on the radio

Saucy-Jack's picture

The WNBA is on the radio? Who knew?

American Psycho's picture

I'll start to get excited when they halt trading and the SP is down YTD 30%

mily's picture

ZH bottom, It should have been: VIX "spikes" below 9 again

kavabanga's picture

DOW and NASDAQ Cycles, whats next?

If the markets move in seven year cycles, then there are two ways of looking at the present manifestation. 

First, the Bubble of 2014 was not sufficiently burst, and a collapse is imminent. 

Second, there was a sufficient correction in 2014, and we will continue in a Bull Market until 2021. 

It is likely that world-wide policies of Quantitative Easing and Low Central Bank Interest Rates, as well as political events, kept cash liquid and the markets unnaturally buoyant and that the Bubble of 2014, unnaturally extended, is about to burst now.

https://www.tradingview.com/chart/NASX/SAsBun32-DOW-NASDAQ-7-YEAR-CYCLES...

White Devil's picture

Time to put everything in Shitcoins.

Solio's picture

History has been shown to be a series of genocidal bloodbaths with the lower end of the demographic suffering very badly while the

onthedeschutes's picture

The only thing tanking with these sensationalized headlines is the ZH reputation.  Please just stop already.  That's CNN's job.

Consuelo's picture

 

 

"as Tech rolls over..."

 

Happy-happy-----Joy-joy...!!!

Racer's picture

And cue the BIG bounce in tech stawks

ludwigvmises's picture

20 point drop in the NQ is not "tanking". Wake me up when it drops 200 points in a single session.

1manrme's picture

ZH turning into every  other click bait site on the internet. Time to time them out like CNN.