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ES Plummets To Fresh 2011 Low, Next Support In Middle 1100s On Global Risk Capitulation

Submitted by Tyler Durden on 08/04/2011 10:21 -0400

Complete capitulation in the market, accentuated by feedback from one of our Italian PM sources, whose comment on the Italian market says enough: "UTTER PANIC - DEGROSSING ACROSS THE BOARD. DELEVERAGING. RISK MANAGERS IN CONTROL." Which is why bouncing cat dip buying may commence shortly. In the meantime, the Swiss Stock market just entered bear market territory after dropping 20% from the February high.

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Thu, 08/04/2011 - 10:26 | 1523743 Bob

Now the Fed can blame Guido for stepping in with money to save Mr. Market. BTFD one last time . . .

Thu, 08/04/2011 - 10:48 | 1523783 BaBaBouy

WOW Tyler's Servers Are Smokin' ...

Go GOLD ...

Thu, 08/04/2011 - 10:57 | 1523811 drink or die

As goes Italy, so goes Zerohedge?

Thu, 08/04/2011 - 11:03 | 1523835 spiral_eyes

bullish news for stocks

http://azizonomics.com/2011/08/04/the-pentagon-spends-more-money-fixing-...

Thu, 08/04/2011 - 10:26 | 1523744 caerus

bring it all down...bitchez...

Thu, 08/04/2011 - 10:26 | 1523745 Bill Bogus

BTFD!

Thu, 08/04/2011 - 10:27 | 1523747 buff90

On a long enough timeline the survival rate for bitchez drops to zero!

Thu, 08/04/2011 - 12:22 | 1524149 IQ 145

lol. yes.

Thu, 08/04/2011 - 10:31 | 1523756 Sudden Debt

WHERE ARE THE DUTCH BOYS!!

Thu, 08/04/2011 - 10:45 | 1523774 Sophist Economicus

I think they're staying at Robo's house this weekend

Thu, 08/04/2011 - 10:50 | 1523786 bigdumbnugly

yep, plugging holes...

Thu, 08/04/2011 - 10:59 | 1523818 Sudden Debt

Oké, no problem....

WHERE IS THE MONEY ON THE SIDELINES?!

or...

THOSE PREVIOUSLY ONKNOWN LARGE PILES OF CASH?!

Thu, 08/04/2011 - 11:18 | 1523892 Reptil

HAHAHAHAHAHA

ask Jan-Kees.

Thu, 08/04/2011 - 12:24 | 1524161 IQ 145

at "gaydutchboys.com"; so sweet. I didn't know you cared.

Thu, 08/04/2011 - 10:37 | 1523760 Translational Lift

Which is why bouncing cat dip buying may commence shortly.

Fewer and fewer hep-cats want dead cats!!

Thu, 08/04/2011 - 10:38 | 1523761 ViewfromUnderth...

There is only one man who can save us all at a time like this...and that man is Ben Bernanke.

When the world is desperately short of dollars, crying out for them everywhere...he has a solution.

As a pony-tailed gnomic swiss pundit said recently..."they will print until they run out of treeeeeees!"

Thu, 08/04/2011 - 10:41 | 1523764 fuu

He'll make it rain.

Thu, 08/04/2011 - 10:39 | 1523762 caerus

quick...someone call "super congress"

Thu, 08/04/2011 - 20:06 | 1525078 StychoKiller

Super Congress AKA The Injustice League!

Thu, 08/04/2011 - 10:40 | 1523763 jkruffin

Bought a ton of puts on GOOG and AAPL, the prop job for these two stocks is over, time for them to join the pain...and they have a lot of room to collapse.

Thu, 08/04/2011 - 10:42 | 1523767 John McCloy

In thw words of Chief Brody: "We're gonna need a bigger rumor"

Thu, 08/04/2011 - 10:58 | 1523817 Stoploss

LOL!!!! The body just blew off, nitro spewing everywhere, should burst into flame shortly..

Thu, 08/04/2011 - 10:42 | 1523768 SITruth

Welcome to:

Lehman Brothers-Italian Style!!!!!!

Something tells me that Silvio Berlusconi is loading up a tanker full of gold and is on his way to a nonextradition country to "retire" with his Bunga Bunga girls.

Party on Silvio!

Thu, 08/04/2011 - 10:43 | 1523769 SITruth

Welcome to:

Lehman Brothers-Italian Style!!!!!!

Something tells me that Silvio Berlusconi is loading up a tanker full of gold and is on his way to a nonextradition country to "retire" with his Bunga Bunga girls.

Party on Silvio!

Thu, 08/04/2011 - 10:45 | 1523772 Doyle Hargraves

Dead Cat Bounce Bitchez!

Thu, 08/04/2011 - 10:45 | 1523775 Biggvs

Waddell & Reed SpA

Thu, 08/04/2011 - 10:46 | 1523778 Joe Sichs Pach

ZH servers apparently getting pounded at the moment too...

Thu, 08/04/2011 - 10:54 | 1523801 bob_dabolina

rooooobbbbooooooo whhhheeeerrreee arrreee yoooouuu?

You were bragging how you bought the dip yesterday. Where are you today?

Thu, 08/04/2011 - 10:55 | 1523804 Hedgetard55

The boyz want to tank the market and panic Bubbles Ben and the public BEFORE the next FED meeting next week. They can't wait until Jackson's Hole.

Thu, 08/04/2011 - 10:58 | 1523815 ViewfromUnderth...

the first tranche only covers September...NOW or never!

Thu, 08/04/2011 - 10:56 | 1523805 Archimedes

So the market is down nearly 1,000 points in two weeks. There goes another imaginary 1 Trillion in US wealth down the drain. And sorry folks, even is QE3 comes it ain't gonna save the market's this time.

Thu, 08/04/2011 - 11:28 | 1523924 FidelityBoy

Stock Market will respond but Precious Metals should explode once QE3 is announced.

Thu, 08/04/2011 - 12:32 | 1524183 IQ 145

agreed.

Thu, 08/04/2011 - 10:57 | 1523812 Number 156

Algos go wild in 3, 2, 1...

Thu, 08/04/2011 - 11:22 | 1523904 DavidC

They've been doing it for ages, just look at Nanex's site.

DavidC

Thu, 08/04/2011 - 10:58 | 1523813 Chuck Yeager

Of course, there WIll be a single time when BTFD just FAILS. But the ECB still seems to have enough credibility this one last time?

Gold, Bitchez!

Thu, 08/04/2011 - 11:00 | 1523826 ViewfromUnderth...

hey Chuck, is it true when you break through the barrier you have to reverse your actions on the controls...I got Ben on the other line, says he needs to know.

Thu, 08/04/2011 - 11:33 | 1523949 Mec-sick-o

Tell Ben that the stick will not work anymore (nor any other lever), eardrums pop and the head just feel as a bad hangover.

Better jettison or at least put away the stick.

Thu, 08/04/2011 - 11:01 | 1523827 WonderDawg

Will the Plunge Protection Team jump in to save the day or is the sell-off in the US markets going to continue? Getting ugly (or beautiful, depending on your position).

Thu, 08/04/2011 - 11:02 | 1523831 SilverSurfer

There is not enough Silver in the world to prepare for what is coming next! Party on with your bad selves!

Thu, 08/04/2011 - 11:04 | 1523841 sabra1

as long as markets stay down, robo stays away! thinks he's the only one with a computer!

Thu, 08/04/2011 - 11:05 | 1523842 dvsteenk

heavy down day in Europe and again Euronext cannot handle it: no index pricing updates since 15 minutes...
Weird that this never seems to happen when markets are rising - we have had two or three of these technical disruptions in the past two months, always on down days

Thu, 08/04/2011 - 11:08 | 1523850 firstdivision