Panic hit Wall Street today, as more sellers than buyers showed up for work, with the NASDAQ leading the way lower by 2.0%. Virtually everyone was an extreme loser today, with over 500 stocks down by more than 4%. Some of the larger losers that stood out were HGG (-16%), AVG (-13%), MTW (-13%) and of course Janet Yellen’s favorite short position YELP fell by 11%.
Most of the people who were buying stocks yesterday sold them today. There wasn’t any grande piece of news, per se. The sell off can be summed up best by a financial blogger called “The Fly” or “Le Fly”, as he’s popularly known in France, saying “The market is the sum total of jackasses divided by assholes for the benefit of jerk offs. I spent my time wisely today, eating corned beef sandwiches and plotting the downfalls of my evil enemies. I’d advise you to do the same, if you knew what was good for you.”
Top picks: Long The PPT Oversold signal, 12631 and After Hours with Option Addict.
Amen.
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at least we closed on the lows….really good stuff.
Dug out the Money Pit screencap. Nice.
As a historical fact, there are no ‘palestinian refugees’ because there was never an independent Arab state called ‘palestine’ in the history of the world. The name was made up by Romans after the fall of Judea and referred only to a geographic area (like the Sahara) but not a nation or people. The term is cleverly used by supporters of terrorists like Hamas to delegitimize Israel. Israel is the only independent nation between the Mediterranean Sea and Jordan River for the last 3500 years.
Oh no, please don’t start with the Israel/Palestinian/Roman shit.
You used a false term in your last post. I merely point out that is is a colonialist term invented by Romans in an attempt to blot out the name of Israel and expel Jews. There was never an independant Arab State of palestine. Can you name a single king or president of ‘palestine’ before 1948? You can’t.
it’s like Puerto Rico, never been a country and yet it has an olympic basketball team.
You are making yourself sound super Jewy right now. I am imagining this: http://static2.demotix.com/sites/default/files/imagecache/a_scale_large/1100-4/photos/1143014.jpg
1000000 no place in civilized secular free thinking countries.
Plus 1000000
This is so fundamentalist it is scary.
I made no religious argument of any kind, merely a historic and moral one.
I’m neutral on the situation but claiming isreal has been the only independent state in the Mediterranean for the past 3500 years is retarded.
Did I SAY the Mediterranean? I said BETWEEN the Mediterranean sea and the Jordan river. Learn to read!
Regardless of my minor logistics error your statement is historically incorrect. Israel has been a state since 1948, you are only off 3400 years. This is not even debatable.
You’re the type of guy who can never admit he’s wrong, aren’t you? Once again you refuse to admit you’re wrong. Israel (historically not just in the Bible) existed under King Solomon, David Herod. Who was Rome fighting in 70 Ad? Fakestinians? Also your claim that I wrote ‘the only independent state in the Mediterranian’ is not a ‘minor logistic mistake, it misconstrues completely what I wrote. I’ll have more respect for you if you can just admit you were wrong and move on.
Lol I just admitted that I was wrong. Once again your claim that Israel has existed as an independent state for 3500 years is not only historically incorrect it is a borderline crazy. I don’t have to debate you on this, the information is out there. You are a fundamentalist and are everything that is wrong with the world. Your reason defies logic and can not be helped. It’s like saying Mexico has been and independent nation for 2000 years. You need help, seriously. I’m done.
So there was no King
Herod, no Temple, and
the 2500 year old wall
that is still
standing to this day
in Jerusalem is not
‘really’ there? And
you say I need help?
Your arguments are
absurd.
Lol there are 2500 year old temples all over the world standing to this day. What is your point?
Vincent, we should have brought shotguns!
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Vincent, we should have brought the shotguns!
Felt like 2008 at some points during this day. Not much else to say.
End of month didn’t save you to-day !
Didn’t realize this was a political commentary blog, but I’ll just add it was the emperor Hadrian who coined Palestine
Anyone who was around Wall Street that day (and of course many who were not) will never forget this:
https://www.youtube.com/watch?v=HRA0NKQ0k6E&hd=1
70% of the time, the vast majority of you ham and eggers need to shut up every time.
Well that was fun.
Went long the PPT today.
Ron Insana went short today. You are likely right.
hahahahahaha
And here is a pic of the corned beef samich. Any matzo balled soup with that?
http://www.yelp.com/biz_photos/sarges-new-york-delicatessen-new-york?select=d7U1zq8LxwHaDOtiCTOMbw#OqMbLTSvwhlOMl9fzU5TEg
do not expect to be hungry for at least twelve hours after.
thank you…a rather refined musical score to go along with a stupid sell off of everything today.
If you would have told me the VIX was going over 17 today, I’d thought we would be down a 1000 dow points… this sell off is a bust
17? 17??
You think 17 represents fear and panic?
(shaking head)
Le Fly, you have many French fans here too in the Kingdom of Poutine (not Putin), Quebec…
The screeching monkeys on the teevee have forgot the market is rigged. Again.
The amount of circle jerking going on the Stocktwits TSLA board is disturbing.
Jon V, did you buy more LEJU on the dip?
Market will crash again. very rare for a such a long red candle to not be followed by another one within the next 1-5 days
“very rare” oh is that right. Based on the in depth statistical analysis you’ve done? I doubt it.
Today stung just a bit.
Fly. To your list of current events which will leave us Armageddoned you should add the elephant in the room.
Ebola virus.
Two Americans infected with the disease are currently being transported back to US soil for treatment.
I said; “TWO AMERICANS INFECTED WITH THE EBOLA VIRUS ARE BEING TRANSPORTED BACK TO THE UNITED STATES AS WE SPEAK!”
My name is Ebola Virus, prepare to die.
Job of conspiracy followers is skepticism (not alarmism) However yes
US transport not Really necessary. Just something to note (shrug)
.
YO !!!
Weird Wild Wacky … stuff !!!
.
Remarkable issues here. I am very happy to see your post. Thanks so much and I am looking ahead to touch you. Will you kindly drop me a e-mail?