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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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1 posted on 09/22/2011 1:10:52 PM PDT by SeekAndFind
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To: SeekAndFind

2 posted on 09/22/2011 1:12:03 PM PDT by SeekAndFind (u)
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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)
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To: SeekAndFind

ping


4 posted on 09/22/2011 1:13:31 PM PDT by unkus (Silence Is Consent)
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To: the invisib1e hand

LOL


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.")
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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)
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To: Jet Jaguar; NorwegianViking; ExTexasRedhead; HollyB; FromLori; EricTheRed_VocalMinority; ...

The list, ping

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

http://www.nachumlist.com/


7 posted on 09/22/2011 1:17:26 PM PDT by Nachum (The complete Obama list at www.nachumlist.com)
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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!)
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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!)
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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 Up 17.80 (32.68%) 16,280 Chart, Profile, More
WWON Westwood One, Inc. 3.44 3:57PM EDT Up 0.70 (25.55%) 24,879 Chart, Profile, More
CVOL C Tracks Exchange Traded Notes 70.00 3:57PM EDT Up 11.45 (19.56%) 55,749 Chart, Profile, More
MATS Direxion Daily Basic Materials 60.20 3:56PM EDT Up 9.30 (18.27%) 7,015 Chart, Profile, More
EDZ Direxion Emerging Markets Bear 34.33 3:58PM EDT Up 5.73 (20.03%) 6,704,186 Chart, Profile, More
PIP PharmAthene, Inc Common Stock 2.74 11:43AM EDT Up 0.48 (21.24%) 540,096 Chart, Profile, More
TVIX VelocityShares Daily 2x VIX Sho 78.32 3:58PM EDT Up 12.82 (19.57%) 4,416,991 Chart, Profile, More
ZSL ProShares UltraShort Silver 15.04 3:58PM EDT Up 2.46 (19.55%) 19,408,607 Chart, Profile, More
LHB Direxion Daily Latin America 3x 28.91 3:58PM EDT Up 4.47 (18.29%) 53,004 Chart, Profile, More
DEER Deer Consumer Products, Inc. 5.44 3:58PM EDT Up 0.81 (17.49%) 523,053 Chart, Profile, More
COWS Direxion Daily Agribusiness Bea 50.95 3:57PM EDT Up 7.29 (16.69%) 8,695 Chart, Profile, More
YANG Direxion Daily China Bear 3x Sh 24.96 3:57PM EDT Up 3.80 (17.98%) 119,682 Chart, Profile, More
SJL ProShares UltraShort Russell Mi 68.08 2:20PM EDT Up 9.75 (16.72%) 8,350 Chart, Profile, More
ERY Direxion Energy Bear 3X Shares 22.82 3:58PM EDT Up 3.06 (15.49%) 9,073,339 Chart, Profile, More
FSGID First Security Group, Inc. 3.00 2:43PM EDT Up 0.40 (15.38%) 2,900 Chart, Profile, More
GMETP GeoMet, Inc. 10.45 3:57PM EDT Up 1.37 (15.09%) 300 Chart, Profile, More
DUST Direxion Daily Gold Miners Bear 34.63 3:58PM EDT Up 4.43 (14.67%) 361,829 Chart, Profile, More
GASX Direxion Daily Natural Gas Rela 26.72 3:51PM EDT Up 3.41 (14.63%) 19,925 Chart, Profile, More
IRIS IRIS International, Inc. 9.27 3:58PM EDT Up 1.16 (14.30%) 421,446 Chart, Profile, More
SMK ProShares UltraShort MSCI Mexic 74.13 3:45PM EDT Up 9.38 (14.49%) 5,820 Chart, Profile, More
EEV ProShares UltraShort MSCI Emerg 47.40 3:58PM EDT Up 5.55 (13.26%) 2,011,389 Chart, Profile, More
BZQ ProShares UltraShort MSCI Brazi 26.04 3:58PM EDT Up 2.98 (12.92%) 275,644 Chart, Profile, More
EMSA iPath Short Enhanced MSCI Emerg 135.54 3:01PM EDT Up 15.57 (12.98%) 2,400 Chart, Profile, More
VICL Vical Incorporated 2.73 3:58PM EDT Up 0.30 (12.35%) 2,397,806 Chart, Profile, More
FUEL SMF Energy Corporation 2.48 3:58PM EDT Up 0.26 (11.71%) 158,218 Chart, Profile, More

10 posted on 09/22/2011 1:24:44 PM PDT by SeekAndFind (u)
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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.)
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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)
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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.)
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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)
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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.")
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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.)
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To: chris37

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


17 posted on 09/22/2011 1:40:04 PM PDT by crusty old prospector
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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
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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)
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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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