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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

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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To: SeekAndFind

21 posted on 09/22/2011 1:48:30 PM PDT by McGruff (Vetting - The process of examination and evaluation of a candidate's record.)
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To: SeekAndFind

Comrades, Take heart!!

It’s a glorious time to be alive - I never expected to see the USSA taken down in my lifetime - and re-fabricated into the People’s Paradise it’s about to become.

I am humbled by the wisdom, foresight, and abilities of our Dear Leader, even more than before.

ALL HAIL DEAR LEADER!! ALL HAIL THE ONE™!!
(Or you will be reported to AttackWatch as a Thought Criminal, and be re-educated.)
(You aren’t a Thought Criminal, are you Prol?)


22 posted on 09/22/2011 1:49:03 PM PDT by tcrlaf (Election 2012: THE RAPTURE OF THE DEMOCRATS)
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To: SeekAndFind

Not really...week’s not over.


23 posted on 09/22/2011 1:51:48 PM PDT by pgkdan (Perry/Cain 2012)
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To: unkus

Don’t be hysterical. It’ll never happen to us. /s


24 posted on 09/22/2011 1:52:46 PM PDT by BuckeyeTexan (Man is not free unless government is limited. ~Ronald Reagan)
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To: FrogMom

“We still have one trading day left in this week.”....

And that one could be very interesting as traders would not want to be long the market going into the weekend.


25 posted on 09/22/2011 1:56:41 PM PDT by AngelesCrestHighway
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To: SeekAndFind

Almost all gainers today are ETF shorts.


26 posted on 09/22/2011 1:56:53 PM PDT by FlyingEagle
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To: SeekAndFind

Again, I want to give all the idiots who voted for Obama a special thanks for all these disasters.....


27 posted on 09/22/2011 1:59:18 PM PDT by AngelesCrestHighway
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To: Kartographer
"Stock markets go up, stock markets go down." President Barack Hussein Obama

I guess that means he'll get a Nobel prize in economics to go along with his Nobel peace prize.

28 posted on 09/22/2011 1:59:29 PM PDT by Leaning Right (Why am I carrying this lantern? you ask. I am looking for the next Reagan.)
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To: BuckeyeTexan

Don’t be hysterical. It’ll never happen to us. /s


We can hope that it won’t get as ugly as many say it will.


29 posted on 09/22/2011 2:05:02 PM PDT by unkus (Silence Is Consent)
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To: unkus
We’re approaching the Perfect Storm/Earthquake/Tsunami/Volcanic eruption/Plagues/Pestilence all rolled into one, it feels like.
30 posted on 09/22/2011 2:09:30 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: unkus

We can hope, but we should also prepare for even worse circumstances than are projected.

Word to the wise: stock up on food, supplies, and ammo. You’ll need it.


31 posted on 09/22/2011 2:18:12 PM PDT by BuckeyeTexan (Man is not free unless government is limited. ~Ronald Reagan)
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To: SeekAndFind

Not everything went down. $VIX was up 4.03


32 posted on 09/22/2011 2:18:15 PM PDT by Walmartian
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To: AngelesCrestHighway

Do you think this just started with Obama? They have been papering over this disaster since LTCM at least. You can only mask reality for so long.


33 posted on 09/22/2011 2:23:46 PM PDT by Sawdring
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To: OB1kNOb

We’re approaching the Perfect Storm/Earthquake/Tsunami/Volcanic eruption/Plagues/Pestilence all rolled into one, it feels like.


0bama is a curse on America and all things good and decent.


34 posted on 09/22/2011 2:23:50 PM PDT by unkus (Silence Is Consent)
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To: BuckeyeTexan

Absolutely!


35 posted on 09/22/2011 2:24:49 PM PDT by unkus (Silence Is Consent)
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To: SeekAndFind

Don’t be late. ;-)


36 posted on 09/22/2011 2:25:35 PM PDT by familyop (Galt's not a real engineer. He's a global management p#ssy who depends on socialism to protect him.)
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To: SeekAndFind

Care to give a break down of why these particular ones?


37 posted on 09/22/2011 2:26:44 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: unkus

He is the arms, ears and mouth of the beast.


38 posted on 09/22/2011 2:28:15 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: SeekAndFind

Take heart, all is not lost.

Michelle Obama Flashes Over $42,000 in Diamond Bracelets

Michelle Obama, the most glamorous of all U.S. First Ladies, dazzled the crowd at a DNC fundraiser Tuesday night wearing over $42,000 worth of diamond bracelets ($42,150 to be precise). Designed by Katie Decker, a 23-year-old Texas-based jeweller, the First Lady dropped a few dimes on some serious bling:

(Daily Mail) - The First Lady, 47, chose to wear Miss Decker’s Lotus cuff, with 2.9 carats of diamonds, costing $15,000, the Gothic cuff with 2.17 carats of diamonds, costing $15,350, and the $11,800 Quatrefoil bracelet with 1.73 carats of diamonds to the Gotham Hall event.


39 posted on 09/22/2011 2:28:29 PM PDT by COUNTrecount (Barry...above his poi grade.)
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To: COUNTrecount

We have ETF’s for Gold and Silver prices.

Do we have an ETF for Diamonds?


40 posted on 09/22/2011 2:32:38 PM PDT by SeekAndFind (u)
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To: COUNTrecount

Who pays for her jewelry?


41 posted on 09/22/2011 2:33:44 PM PDT by Eva
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To: Eva

I have no idea.


42 posted on 09/22/2011 2:34:55 PM PDT by COUNTrecount (Barry...above his poi grade.)
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To: Dubya-M-DeesWent2SyriaStupid!

RE: Care to give a break down of why these particular ones?

You will notice that most of the winners are BEARISH bets on the stock market indices. In other words, ETF SHORTS.


43 posted on 09/22/2011 2:37:50 PM PDT by SeekAndFind (u)
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To: Eva
Who pays for her jewelry?

I dunno, solar companies?

44 posted on 09/22/2011 2:53:56 PM PDT by American in Israel (A wise man's heart directs him to the right, but the foolish mans heart directs him toward the left.)
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To: SeekAndFind

http://theeconomiccollapseblog.com/archives/nervous-breakdown-21-signs-that-something-big-is-about-to-happen-in-the-financial-world


45 posted on 09/22/2011 3:08:38 PM PDT by preacher (A government which robs from Peter to pay Paul will always have the support of Paul.)
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To: Dubya-M-DeesWent2SyriaStupid!

He is the arms, ears and mouth of the beast.


Yes.


46 posted on 09/22/2011 3:17:05 PM PDT by unkus (Silence Is Consent)
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To: Nachum

PPT must have kicked in, they got it up to ‘only’ -391.01.

What’s this going to look like when they quit propping it up?


47 posted on 09/22/2011 4:02:15 PM PDT by FrogMom (There is no such thing as an honest democrat!)
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To: SeekAndFind

This is what happens when the word “rich” is allowed to become a pejorative.

This is what you get when government declares war on the private sector in general, and employers and investors in particular.

This is what happens when the successful are allowed to be described as “fortunate”.

It is true that no one ever got rich without help from others. The more operative truth, in our system, is that no one ever got rich without enriching others.


48 posted on 09/22/2011 4:40:19 PM PDT by wayoverontheright
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