Why did the stock market sell Yesterday?

[Tomanyiron]

The news will tell you why, take your pick. I know it’s not funny to all of you, but I got a good laugh.

http://www.thereformedbroker.com/2014/0 ... off-today/

Wall Street Journal: Tensions in Ukraine and the Crimean peninsula

Yahoo Finance: Russians

Fox Business: Obamacare

CNBC: It didn’t sell off at all, it was actually a reverse rally

Forbes: Taxes are too high

Huffington Post: Taxes are too low

Fox News: Gay marriage

Motley Fool: Sign up here to find out!

Bloomberg TV: The opposite of whatever CNBC said.

Quartz: Chinese shadow-banks

FT Alphaville: Chinese derivatives

Washington Times: Fallout from explosive Benghazi revelations

StockTwits: Here’s a chart

USA Today: Let’s take a poll

DealBook: lack of M&A

Zero Hedge: Better question, why would it have gone up?

MSNBC: I’m not sure I’m comfortable with the term “stock market” per se…

Business Insider: Ten reasons, actually (view as single page?)

Financial Times: Please take a moment to register and accept cookies

MarketWatch: 1929

The Reformed Broker: More sellers than buyers

Buzzfeed Business: It’s like that time on Party of Five when Charlie was giving Julia the silent treatment…

Reuters: HFT

Barron’s: Valuations got ahead of themselves

Investors Business Daily: drop in momentum. And record deficits.

History Channel: Ancient Aliens

[BigMike]

Excellent post! You have outdone yourself.

Gave me a big chuckle even though I lost a big chunk of my ass yesterday.

[BigMike]

I was just watching IRA Epstein's "Mar 14th End of the Day Financial" video and it occurred to me that maybe the rollover of the futures contracts from Mar contracts to Jun contracts could have contributed to the sudden hit on the markets? Could that have been at least partially a catalist to drive us down yesterday?

Didn't see that on any of the talking head shows though.

[law87]

yep..them gay folks sure is the reason...lol

[BigMike]

yep..them gay folks sure is the reason...lol

Law87, how did you come up with "gay" from my post? Is there some subtle sub meaning that I am missing? Please explain the sarcasm?

Mike

[silentness]

I was dying from the Motley Fool one!

yep..them gay folks sure is the reason...lol

Law87, how did you come up with "gay" from my post? Is there some subtle sub meaning that I am missing? Please explain the sarcasm?

Mike

I think Law87 was referring to the original post that mentioned gay marriage being a possible sell news.

[wulfent]

Tomanyiron,
I didn't realize you wrote for so many different news organizations.
Your insight is beyond hilarious.
This is the best laugh I've ever had while the market is kicking my @$$.

[Tomanyiron]

No I didn’t write it. But I knew everyone that reads the blogs understands the concept of the joke. You can’t ever get a consensus of what caused what, and how confusing it gets.

Joshua M Brown wrote it and he has another simi-humorous entry over the weekend, which applies to the unrest in Ukraine, and possibly US markets reactions.

“Guns & Butter: The only thing more difficult than controlling millions of people, is controlling a billion. Heaven forbid they’re poor. Unemployed. Their stomachs empty, growling. So when nations start fighting, smart leaders start hoarding.
Anyhow, in the past 30days, non-edible commodities fell; oil -1%, natural gas -3%, copper -10%. But wheat surged 15%, corn+8%, soybeans +5%, oats +14%, coffee +39%, sugar +8%, cattle +4%, hogs+20%. Of course, gold is +4%.
And Smith & Wesson rallied +10%.”

[BigMike]

[quote=I think Law87 was referring to the original post that mentioned gay marriage being a possible sell news.[/quote]

Thanks for pointing that out Silentness. I see that now. As usual I reacted instead of researched.

[fishbone]

this is hilarious! points to you!!!