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Dow Jones Now Red For 2012

Tyler Durden's picture





 

The Dow Jones Industrial Index just joined its Transports cousin in the the red for the year.

 


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Fri, 06/01/2012 - 09:51 | Link to Comment swanpoint
swanpoint's picture

Red Bitchez

Fri, 06/01/2012 - 09:53 | Link to Comment SheepRevolution
SheepRevolution's picture

Oh like it would matter if they were green. Really, who gives a shit any longer about the stock-market?

Fri, 06/01/2012 - 10:03 | Link to Comment whstlblwr
whstlblwr's picture

OT: went to read dailypaul. In case anyone from dailypaul.com sees this happened today.

Reported Attack Site!
This web site at has been reported as a web forgery and has been blocked based on your security preferences.

Web forgeries are designed to trick you into revealing personal or financial information by imitating sources you may trust. Entering any information on this web page may result in identity theft or other fraud. Attack sites try to install programs that steal private information, use your computer to attack others, or damage your system. Some attack sites intentionally distribute harmful software, but many are compromised without the knowledge or permission of their owners.

Fri, 06/01/2012 - 10:06 | Link to Comment SheepRevolution
SheepRevolution's picture

Just noticed. Seems fishy...

Fri, 06/01/2012 - 10:51 | Link to Comment Spirit Of Truth
Fri, 06/01/2012 - 12:25 | Link to Comment whstlblwr
whstlblwr's picture

@SheepRevolution. They are probably trying to force people to use RonPaulForum, to keep better tabs, if you know what I mean. We should all make sure to make local contact with our real RP supporters for when the blackout happens.

Fri, 06/01/2012 - 12:49 | Link to Comment Jack Napier
Jack Napier's picture

They don't need a web forgery. You readily provided your personal information to the C4L database, and they send you e-mails with intermediary URL redirections to track you. Ron Paul's family are freemasons. There is still more waking up to do.

Fri, 06/01/2012 - 13:00 | Link to Comment whstlblwr
whstlblwr's picture

Who the fuck cares about RP's family? This movement is bigger than RP. If he changed now and endorsed Romney or Obama it wouldn't matter. We were a movement looking for a leader and his words fit. We are moving forward and past RP.

Like how you guys always use first and last name. Makes it easy.

Fri, 06/01/2012 - 14:36 | Link to Comment Temporalist
Temporalist's picture

I like how calling someone's family "freemasons" is supposed to be somehow indicative of their amassed power and consipiratorial nature as if Ron Paul somehow has been weilding so much power from atop his "lofty peak." 

 

Yes he's caused so much damage and has altered to much and preaches exactly what would exclusively benefit him most (like adhering to the constitution).  One can tell because he left a lucrative obstetric practice to rake in all that money as a congressman.  Clearly he's in bed with the banksters because he's been railing against their policies for 40 years. /sarc

Fri, 06/01/2012 - 09:57 | Link to Comment ChickenTikka
ChickenTikka's picture

My portfolio just turned green!

Fri, 06/01/2012 - 10:09 | Link to Comment derek_vineyard
derek_vineyard's picture

this market is still way too fucking orderly       (thus the participants way too confident in the system)

 

Fri, 06/01/2012 - 09:51 | Link to Comment gatorengineer
gatorengineer's picture

Choppers, Big Ones................

Fri, 06/01/2012 - 09:52 | Link to Comment CvlDobd
CvlDobd's picture

I've positioned myself for a green Dow by 11:30 and a +2% day by the close.

I own the new 3x levered PPT etf. PPTU

Fri, 06/01/2012 - 09:56 | Link to Comment Soul Train
Soul Train's picture

So you are leveraged on the 200sma. Brilliant </sarc>

May be the new support line inverted.

 

Fri, 06/01/2012 - 09:58 | Link to Comment CvlDobd
CvlDobd's picture

I'm not concerned that nothing (yields, copper, international stocks) confirmed us equity early 2012 exuberance.

This 200 day shall hold as the US is decoupling an on our way to new highs. Charles Hugh Smith of one sczophrenic mind told me so.

Buy while you still can! Preferably REITS!

Fri, 06/01/2012 - 10:08 | Link to Comment otto skorzeny
otto skorzeny's picture

I'm buying the homebuilders as fast as I can!

Fri, 06/01/2012 - 09:56 | Link to Comment bdc63
bdc63's picture

... i've seen stranger things happen over these past 4 years ...

Fri, 06/01/2012 - 10:15 | Link to Comment Agent P
Agent P's picture

I just returned from a government funded 4 year research project in Antarctica studying how long it takes penguin shit to freeze.  Looks like the Dow is unchanged...what all did I miss?

Fri, 06/01/2012 - 10:43 | Link to Comment bdc63
bdc63's picture

not much.  so, how long does it take for penguin shit to freeze?

Fri, 06/01/2012 - 11:04 | Link to Comment Agent P
Agent P's picture

Our official published results determined it happens "pretty darn quick", but we were unable to get an official time...turns out it's rather difficult to operate a stopwatch while wearing snow mittens.  But fear not; we applied for an additional $350 million in government funding to go back with more sophisticated equipment (an intern without mittens), so we can get the answers we so desperately need.  Early indications from Doug (Department Of Useless Government) have us on the fast track for approval, as it will create one additional job for the economy.

 

Fri, 06/01/2012 - 11:31 | Link to Comment CvlDobd
CvlDobd's picture

Ha! Awesome.

Fri, 06/01/2012 - 09:53 | Link to Comment SheepDog-One
SheepDog-One's picture

OMFG! Markets now.....back to 4 months ago levels? JESUS CHRIST save the wominz and kids!!! 

Fri, 06/01/2012 - 10:15 | Link to Comment gatorengineer
gatorengineer's picture

Bankers first!!!!!!!!!!!!!!!

Fri, 06/01/2012 - 10:27 | Link to Comment derek_vineyard
derek_vineyard's picture

money sloshing around from one asset class to another......and returns coiling and compressing

this thing gunna blow someday, but still way, way too complacent

Fri, 06/01/2012 - 09:54 | Link to Comment Soul Train
Soul Train's picture

MORE TO COME

Fri, 06/01/2012 - 09:55 | Link to Comment junkyardjack
Fri, 06/01/2012 - 09:54 | Link to Comment LawsofPhysics
LawsofPhysics's picture

But will financials follow?  one can only hope.  Let's get BAC back to under $4.00 shall we?  Awesome day.

Fri, 06/01/2012 - 09:57 | Link to Comment bdc63
bdc63's picture

stop it -- I can't handle the excitement of it all ...

I still have dreams of BAC in the pink sheets ...

Fri, 06/01/2012 - 15:45 | Link to Comment unununium
unununium's picture

Only a matter of time, grasshopper.

Fri, 06/01/2012 - 09:54 | Link to Comment Cognitive Dissonance
Cognitive Dissonance's picture

Plenty of the last 9 month's stock ramp waiting to be retracted.

Fri, 06/01/2012 - 09:58 | Link to Comment Turin Turambar
Turin Turambar's picture

While I agree with you, I wonder how/when it'll happen.  Bots don't panic like people.

Fri, 06/01/2012 - 10:23 | Link to Comment Cognitive Dissonance
Cognitive Dissonance's picture

I agree up to a point.

Bots herd just like people. They are called momo algos. And bots are programmed by people. So they share many of the same traits.

Fri, 06/01/2012 - 10:33 | Link to Comment derek_vineyard
derek_vineyard's picture

a few months equity gains retracted cuases all time low treasury yields.............captain, captain she's gunna blow, i can only hold 'er together for so long   (luckily thats a TV show and the Fed can rewrite the script until it can't )

Fri, 06/01/2012 - 11:06 | Link to Comment dbomb12
Fri, 06/01/2012 - 09:54 | Link to Comment Hopium Dealer
Hopium Dealer's picture

The Jews are foaming from the mouth for the QE3 crack hit they are about to receive from the FED.

Fri, 06/01/2012 - 09:54 | Link to Comment Agent P
Agent P's picture

The green line is red and the red line is green...that chart is blowing my mind!!!

Fri, 06/01/2012 - 09:55 | Link to Comment midgetrannyporn
midgetrannyporn's picture

there are no markets, there is only the bernank.

Fri, 06/01/2012 - 09:56 | Link to Comment Undecided
Undecided's picture

http://news.yahoo.com/blogs/ticket/report-obama-ordered-wave-cyberattacks-iran-131034261.html

 

this shit hitting a new lvl now that even Yahoo is reporting on stuff like this.

 

Report: Obama ordered wave of cyberattacks on Iran
Fri, 06/01/2012 - 09:57 | Link to Comment Conman
Conman's picture

Annnd retardo buying coming back in to save it.

Because its prudent to buy equities going into rapidly deteriorating economic environment on the hope that the fed will give bankers more free money to lend out more money they haven't been lending out anyway at historic low rates for the past 3 years. Oh ya that'll work.

Fri, 06/01/2012 - 09:57 | Link to Comment the 300000000th...
the 300000000th percent's picture

Not a lot of bang for their buck, oh i guess i mean the tax payer's bucks. This time its different another round of QE ought to fix everything.

Fri, 06/01/2012 - 09:59 | Link to Comment Dr. Engali
Dr. Engali's picture

Civilized people invest in productive businesses.

Fri, 06/01/2012 - 09:58 | Link to Comment RobotTrader
RobotTrader's picture

With the 10-yr. at 1.45%, Bernanke is a fool for not doubling the deficits from $14 trillion to $28 trillion and start handing out checks.

Fri, 06/01/2012 - 10:02 | Link to Comment lizzy36
lizzy36's picture

Well, not really Bernankes job.

That would be Geithners job.

Debt repudiation is the solution. Not doubling down.

Also reasonable probability that first the politicians will try the double down b/f the repudiation.

Fri, 06/01/2012 - 10:02 | Link to Comment the not so migh...
the not so mighty maximiza's picture

woohhh, i agree, all the money created should have just been handed to taxpayers, this would not be happening now

Fri, 06/01/2012 - 10:05 | Link to Comment urbanelf
urbanelf's picture

Good idea!  Interest rates will never go up.  Ever.

Fri, 06/01/2012 - 10:12 | Link to Comment Dr. Engali
Dr. Engali's picture

Hey Robo the debt is 15.5 trillion. The deficits you speak of are 1.3 trillion. So which one should he double for the sake of clarity?

Fri, 06/01/2012 - 10:50 | Link to Comment ceilidh_trail
ceilidh_trail's picture

@Robo, MDB, is that you?

Fri, 06/01/2012 - 10:55 | Link to Comment Colonial Intent
Colonial Intent's picture

Yo Mama!

 

Fri, 06/01/2012 - 09:58 | Link to Comment Rainman
Rainman's picture

Pretty soon the 30 year mortgage will go to .0001% and still no buyers.

All hail the Bernank...may he reign a thousand years !

Fri, 06/01/2012 - 10:01 | Link to Comment Henry Chinaski
Henry Chinaski's picture

I thought bad news was good/bullish.

Fri, 06/01/2012 - 10:06 | Link to Comment Agent P
Agent P's picture

The day is still young; be patient my friend.

Fri, 06/01/2012 - 10:01 | Link to Comment HurricaneSeason
HurricaneSeason's picture

Get out the Dow 12,000 hats.

Fri, 06/01/2012 - 10:03 | Link to Comment aheady
aheady's picture

lol

Fri, 06/01/2012 - 10:45 | Link to Comment bdc63
bdc63's picture

I've had mine custom lined with tin foil ...

Fri, 06/01/2012 - 11:02 | Link to Comment HurricaneSeason
HurricaneSeason's picture

I line mine with tungsten.

Fri, 06/01/2012 - 10:02 | Link to Comment otto skorzeny
otto skorzeny's picture

Cramer just told Solis that green energy jobs(that she was blathering on about) were "job destroyers". look on her fat, dark face was priceless. Cramer is getting ahead of the shitstorm this time as opposed to 2008. and -yes-he is still a tool

Fri, 06/01/2012 - 10:05 | Link to Comment jus_lite_reading
jus_lite_reading's picture

What amazes me, despite all the ponzi injected into it the DOW, despite a real inflation rate of 11% and rising, despite rumors of more ponzi QE4, the DOW can't even get to 14k.. Well I guess with all the insider sales...

Happy Ponzi WHORE STREET!!!

Fri, 06/01/2012 - 10:08 | Link to Comment otto skorzeny
otto skorzeny's picture

7 trillion dollars in Berrnank Bucks and all I got was this lousy t-shirt?

Fri, 06/01/2012 - 10:15 | Link to Comment midgetrannyporn
midgetrannyporn's picture

not even 100% cotton anymore. lulz

Fri, 06/01/2012 - 10:08 | Link to Comment Dr. Engali
Dr. Engali's picture

The Dow is "off it's low" and gold is "off it's high". CNBS is having an orgasm.

Fri, 06/01/2012 - 10:13 | Link to Comment Conman
Conman's picture

Don't forget the "markets priced this in already"

Fri, 06/01/2012 - 12:38 | Link to Comment veyron
veyron's picture

Was it Bob 'Off the Lows' Pissani or Marissa 'Chunky Chinese Chicken' Ree?

Fri, 06/01/2012 - 10:08 | Link to Comment The Alarmist
The Alarmist's picture

Dow Jones Now Red for 2012

For a moment, I thought that was political commentary.

Fri, 06/01/2012 - 10:11 | Link to Comment Paper CRUSHer
Paper CRUSHer's picture

Shit ahoy, aye ther'............. Dow' she goes mee buckoos....arrgh

Fri, 06/01/2012 - 10:19 | Link to Comment GMadScientist
GMadScientist's picture

"Poop deck" indeed!

Fri, 06/01/2012 - 10:11 | Link to Comment adr
adr's picture

The market could drop by 4% at the close or it could jump 4%. We have no way of knowing. Look what happened to Facebook yesterday. Someone jumped in right at the end and bought 10 million shares. Either someone took out a massive short position or went massively long.

The worst stock in the world has been having 1%+ swings every couple of minutes.

Today will be a carbon copy of yesterday. Once Europe closes the market will go green for no reason whatsoever. PCLN made back half its morning loss. The banks are setting up their momo trades with free bennie bucks.

Fri, 06/01/2012 - 10:17 | Link to Comment Conman
Conman's picture

If market goes green today, I'm stripping naked and eating the face of the next pedestrian that walks by my office.... Oh wait that's been done already?

Fri, 06/01/2012 - 10:17 | Link to Comment junkyardjack
junkyardjack's picture

A 4% jump would be difficult to pull off because everything is weak right now, commodities are getting donkey punched as well.  If equity was the only thing going down then I'd agree.  Don't miss forest for the trees...

Fri, 06/01/2012 - 10:51 | Link to Comment bdc63
bdc63's picture

all it would take is for one of the FOMC doves to 'accidently' stumble infront of a television camera and mumble something about being concerned about all the deflation out there ...

400 point short covering rally on a fuckin dime.  stops are important today -- be careful out there.

Fri, 06/01/2012 - 10:14 | Link to Comment Shizzmoney
Shizzmoney's picture

Bernanke: "My stock market!!!! It's melting!!! MELTING!!!!!!!11111"

Fri, 06/01/2012 - 10:16 | Link to Comment DavosSherman
DavosSherman's picture

nyse rule 48

Fri, 06/01/2012 - 10:17 | Link to Comment GMadScientist
GMadScientist's picture

I seriously hope some end-of-the-month window dressers are reaching for their xtra-strength tums and puking blood all over their white shoes about now.

 

Fri, 06/01/2012 - 10:39 | Link to Comment CoolBeans
CoolBeans's picture

Are they in the fetal position on the floor of their offices yet?

Fri, 06/01/2012 - 10:42 | Link to Comment orangegeek
orangegeek's picture

Red Dow.  Amongst all the others, Elliott wavers in particular saw this coming weeks ago.

 

http://bullandbearmash.com/index/djia/weekly/

Fri, 06/01/2012 - 12:58 | Link to Comment Shizzmoney
Shizzmoney's picture

How smart does ECRI feel this morning (BTW, and *I've* been saying all along - like Lak - the reason why the mood is so shitty in America?  It's the personal income, stupid)?

http://www.businesscycle.com/

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