You Just Witnessed The Third Biggest Weekly DJIA Drop In History

Zero Hedge ^ | 09/22/2011 | Tyler Durden

[SeekAndFind]

A dearth of knife-catchers and bottom-callers suggests that our views on a broad swathe of investors being caught unhedged and offside by Bernanke's relative inaction was correct. By the look of today's huge selloff, investors will become increasingly aware of our recent post on the difference (risks) between owning stocks and bonds. The equity market remains a market in chaos as the following charts show. We can only assume they must be extremely good at discounting whatever it is that talking-heads believe on a tick-by-tick basis - just look at the flip-flopping in the last two months (and in 2008/09).

Daily Changes in the DJIA:

 

And weekly changes in the Dow - this last week is almost a 4 standard deviation move and third largest ever (with 9/11/01 and 10/03/08 the only two larger in absolute size!).

[SeekAndFind]

[the invisib1e hand]

didn't feel like it. maybe i'm just getting numb.

But a 4sd move is in some circles a command to buy.

[unkus]

ping

[Kartographer]

LOL

[Dubya-M-DeesWent2SyriaStupid!]

Why is Soro’s announcing we are in a double dip recession? Is he wanting world economic collapse so they can intro they’re ‘unity in diversity’ world currency?

[Nachum]

The list, ping

Let me know if you would like to be on or off the ping list

http://www.nachumlist.com/

[Responsibility2nd]

You Just Witnessed The Third Biggest Weekly DJIA Drop In History

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And Øbammie continues to attack the rich. Just a coincidence, I’m sure. Surely, there couldn’t be a correlation between Wall Street tanking and Obama taxing, right?

[FrogMom]

Wish they would have published the actual numbers. We still have one trading day left in this week.

[SeekAndFind]

On a day where almost all stocks are being hammered ( even Gold and Silver ), here are the winners

Price % Gainers

• US
• NASDAQ
• AMEX
• NYSE

Symbol
Name	Last Trade	Change	Volume	Related Info
RUSS	Direxion Daily Russia Bear 3x S	72.27 3:56PM EDT	17.80 (32.68%)	16,280	Chart, Profile, More
WWON	Westwood One, Inc.	3.44 3:57PM EDT	0.70 (25.55%)	24,879	Chart, Profile, More
CVOL	C Tracks Exchange Traded Notes	70.00 3:57PM EDT	11.45 (19.56%)	55,749	Chart, Profile, More
MATS	Direxion Daily Basic Materials	60.20 3:56PM EDT	9.30 (18.27%)	7,015	Chart, Profile, More
EDZ	Direxion Emerging Markets Bear	34.33 3:58PM EDT	5.73 (20.03%)	6,704,186	Chart, Profile, More
PIP	PharmAthene, Inc Common Stock	2.74 11:43AM EDT	0.48 (21.24%)	540,096	Chart, Profile, More
TVIX	VelocityShares Daily 2x VIX Sho	78.32 3:58PM EDT	12.82 (19.57%)	4,416,991	Chart, Profile, More
ZSL	ProShares UltraShort Silver	15.04 3:58PM EDT	2.46 (19.55%)	19,408,607	Chart, Profile, More
LHB	Direxion Daily Latin America 3x	28.91 3:58PM EDT	4.47 (18.29%)	53,004	Chart, Profile, More
DEER	Deer Consumer Products, Inc.	5.44 3:58PM EDT	0.81 (17.49%)	523,053	Chart, Profile, More
COWS	Direxion Daily Agribusiness Bea	50.95 3:57PM EDT	7.29 (16.69%)	8,695	Chart, Profile, More
YANG	Direxion Daily China Bear 3x Sh	24.96 3:57PM EDT	3.80 (17.98%)	119,682	Chart, Profile, More
SJL	ProShares UltraShort Russell Mi	68.08 2:20PM EDT	9.75 (16.72%)	8,350	Chart, Profile, More
ERY	Direxion Energy Bear 3X Shares	22.82 3:58PM EDT	3.06 (15.49%)	9,073,339	Chart, Profile, More
FSGID	First Security Group, Inc.	3.00 2:43PM EDT	0.40 (15.38%)	2,900	Chart, Profile, More
GMETP	GeoMet, Inc.	10.45 3:57PM EDT	1.37 (15.09%)	300	Chart, Profile, More
DUST	Direxion Daily Gold Miners Bear	34.63 3:58PM EDT	4.43 (14.67%)	361,829	Chart, Profile, More
GASX	Direxion Daily Natural Gas Rela	26.72 3:51PM EDT	3.41 (14.63%)	19,925	Chart, Profile, More
IRIS	IRIS International, Inc.	9.27 3:58PM EDT	1.16 (14.30%)	421,446	Chart, Profile, More
SMK	ProShares UltraShort MSCI Mexic	74.13 3:45PM EDT	9.38 (14.49%)	5,820	Chart, Profile, More
EEV	ProShares UltraShort MSCI Emerg	47.40 3:58PM EDT	5.55 (13.26%)	2,011,389	Chart, Profile, More
BZQ	ProShares UltraShort MSCI Brazi	26.04 3:58PM EDT	2.98 (12.92%)	275,644	Chart, Profile, More
EMSA	iPath Short Enhanced MSCI Emerg	135.54 3:01PM EDT	15.57 (12.98%)	2,400	Chart, Profile, More
VICL	Vical Incorporated	2.73 3:58PM EDT	0.30 (12.35%)	2,397,806	Chart, Profile, More
FUEL	SMF Energy Corporation	2.48 3:58PM EDT	0.26 (11.71%)	158,218	Chart, Profile, More

[JimSEA]

Perish the thought. Also irrelevant are the proposed capital gains tax increases. No, Obamanomics is working just as intended. Really.

[Nachum]

A half hour before the close, I heard a report that the Dow was down 450.

[clintonh8r]

Looks like my EKG..

bada-BING!

[chris37]

I don’t think I’m going to be buying anything else until that stinking turd is mopped out of the white house....

[Kartographer]

"Stock markets go up, stock markets go down."
President Barack Hussein Obama

[DuncanWaring]

An hour before the close, the DJIA was down 500.

[crusty old prospector]

I have been dollar-cost averaging back in myself but I think I will rest for a while. Waiting for capitulation.

[Revel]

It was down over 520 at one point. But don’t worry we have the PPT. And a rumor that everything will be fixed this weekend.

[OB1kNOb]

Looks like an earthquake chart to me. Maybe it is, figuratively speaking.

[unkus]

Looks like an earthquake chart to me. Maybe it is, figuratively speaking.

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We’re approaching the Perfect Storm.