Stocks Nosedive 2%, Dow Plummets 350 on Fed Taper Talk; Vix Hits 20 for First Time in 2013

CNBC ^ | 6/20/13 | JeeYeon Park

[SoFloFreeper]

Stocks took a sharp nosedive across the board Thursday, with the Dow on track for its worst day of 2013, after Federal Reserve Chairman Ben Bernanke hinted the central bank may scale back its asset purchases later this year.

With the declines from the last two sessions, the Dow and S&P 500 have wiped out all of their gains from May and June.

[Rock N Jones]

This must be a bad dream, the stock market has been annihilated today. Gold price is falling, silver price falling, bonds values tanking, interest rates going up.Well I thought that, well hell!!!!

http://www.youtube.com/watch?v=_LFW0kma5ek

[austinaero]

Obama’s Fred,,err Fed

[Gator113]

FUBO....

[Blogatron]

[P.O.E.]

Omnes relinquite spes, o vos intrantes

[MrB]

The question I had was - since it was “working” in maintaining the illusion,

why stop?

The consequent inflation hasn’t occurred yet, so why stop?

Why not maintain the illusion?

[Gator113]

THIS is going to hurt and I can’t help but think that Obama thinks it’s funny.

[Kozak]

Don’t worry. They’ll just crank up QE infinity...

[mykroar]

With the declines from the last two sessions, the Dow and S&P 500 wiped out all of their gains from May and June.

[faithhopecharity]

350 points out of 15000. no big deal.

3500 points out of 15000? yes. a big deal. but would only wring out a part of the fake stock inflation caused by the massive pumping of trillions of phoney dineros into stocks by the Fed (via its major bank members)

[Mortrey]

I’m beginning to think Benghazi Barry Soetoro is going to Africa at the end of the month just so he won’t be around when the SHTF—Rush’s theory...O-bots will think if Barry isn’t around when it happens, he had NOTHING to do with it.