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You Just Witnessed The Third Biggest Weekly DJIA Drop In History
Zero Hedge ^
| 09/22/2011
| Tyler Durden
Posted on 09/22/2011 1:10:47 PM PDT by 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!).
TOPICS: Business/Economy; History
KEYWORDS: bhoeconomy; bipartisan; collapse; default; democrats; djia; dowjones; obama; obamadepression; shtf; stockmarket
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To: SeekAndFind
To: SeekAndFind
didn't feel like it. maybe i'm just getting numb.
But a 4sd move is in some circles a command to buy.
3
posted on
09/22/2011 1:13:04 PM PDT
by
the invisib1e hand
(...then they came for the guitars, and we kicked their sorry faggot asses into the dust)
To: SeekAndFind
4
posted on
09/22/2011 1:13:31 PM PDT
by
unkus
(Silence Is Consent)
To: the invisib1e hand
5
posted on
09/22/2011 1:14:53 PM PDT
by
Kartographer
(".. we mutually pledge to each other our lives, our fortunes, and our sacred honor.")
To: SeekAndFind
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?
6
posted on
09/22/2011 1:17:17 PM PDT
by
Dubya-M-DeesWent2SyriaStupid!
(PDS=someone that doesnt dream dates up of a Palin announcement;nor act as Palins campaign manager)
To: Jet Jaguar; NorwegianViking; ExTexasRedhead; HollyB; FromLori; EricTheRed_VocalMinority; ...
7
posted on
09/22/2011 1:17:26 PM PDT
by
Nachum
(The complete Obama list at www.nachumlist.com)
To: SeekAndFind
You Just Witnessed The Third Biggest Weekly DJIA Drop In History
~~~~~~~~~~~~~~~~~~~~~~~~~~~~~~~~~~~~~~~~~~~~~~~~
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?
8
posted on
09/22/2011 1:20:31 PM PDT
by
Responsibility2nd
(NO LIBS! This means liberals AND libertarians (same thing) NO LIBS!)
To: Nachum
Wish they would have published the actual numbers. We still have one trading day left in this week.
9
posted on
09/22/2011 1:23:45 PM PDT
by
FrogMom
(There is no such thing as an honest democrat!)
To: Dubya-M-DeesWent2SyriaStupid!
On a day where almost all stocks are being hammered ( even Gold and Silver ), here are the winners
Price % Gainers
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 |
To: Responsibility2nd
Perish the thought. Also irrelevant are the proposed capital gains tax increases. No, Obamanomics is working just as intended. Really.
11
posted on
09/22/2011 1:25:15 PM PDT
by
JimSEA
(The future ain't what it used to be.)
To: FrogMom
A half hour before the close, I heard a report that the Dow was down 450.
12
posted on
09/22/2011 1:28:40 PM PDT
by
Nachum
(The complete Obama list at www.nachumlist.com)
To: SeekAndFind
Looks like my EKG..
bada-BING!
13
posted on
09/22/2011 1:34:56 PM PDT
by
clintonh8r
(One of Jimmy Hoffa's sons-of-bitches.)
To: the invisib1e hand
I don’t think I’m going to be buying anything else until that stinking turd is mopped out of the white house....
14
posted on
09/22/2011 1:36:03 PM PDT
by
chris37
(representative)
To: SeekAndFind
"Stock markets go up, stock markets go down."
President Barack Hussein Obama
15
posted on
09/22/2011 1:38:19 PM PDT
by
Kartographer
(".. we mutually pledge to each other our lives, our fortunes, and our sacred honor.")
To: Nachum
An hour before the close, the DJIA was down 500.
16
posted on
09/22/2011 1:38:35 PM PDT
by
DuncanWaring
(The Lord uses the good ones; the bad ones use the Lord.)
To: chris37
I have been dollar-cost averaging back in myself but I think I will rest for a while. Waiting for capitulation.
To: Nachum
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.
18
posted on
09/22/2011 1:40:48 PM PDT
by
Revel
To: SeekAndFind
Looks like an earthquake chart to me. Maybe it is, figuratively speaking.
19
posted on
09/22/2011 1:43:56 PM PDT
by
OB1kNOb
(The prudent see danger and take refuge, but the simple keep going and pay the penalty. - Prov 22:3)
To: OB1kNOb
Looks like an earthquake chart to me. Maybe it is, figuratively speaking.
We’re approaching the Perfect Storm.
20
posted on
09/22/2011 1:47:03 PM PDT
by
unkus
(Silence Is Consent)
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