Bob Janjuah's Latest Big Picture Outlook

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Thu, 07/14/2011 - 09:16 | 1455610 rdenner
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Thu, 07/14/2011 - 09:19 | 1455634 slaughterer
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Short-term fudge, bitchez...

Thu, 07/14/2011 - 09:21 | 1455638 slaughterer
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= Fudge on Obama's face.

Thu, 07/14/2011 - 09:16 | 1455617 Mae Kadoodie
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O'blama proposing to move debt talks to Camp David.  Great, when the going gets tough, the tough go golfing.

Thu, 07/14/2011 - 09:20 | 1455640 caerus
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What?!  No beer summit?!

Thu, 07/14/2011 - 10:09 | 1455810 snowball777
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They should move onto whiskey and coke (not cola) to get that "Jersey Shore" ambiance these negotiations really deserve.

Thu, 07/14/2011 - 09:29 | 1455679 Sudden Debt
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Thu, 07/14/2011 - 09:48 | 1455752 Ying-Yang
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FYI - There is no golf course at Camp David.  There is a driving range near the helicopter landing zone and there is a single golf hole with multiple tees just outside the President's Aspen Lodge.

Thu, 07/14/2011 - 10:09 | 1455812 bigdumbnugly
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that'll do in a pinch.

Thu, 07/14/2011 - 09:19 | 1455632 unky
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so would that mean a good buying opportunity for gold in the end of july/ beginning of august ?

Thu, 07/14/2011 - 10:45 | 1455967 Crisismode
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Every single day is a great buying opportunity for gold.

When the price passes $3000./oz. you won't spend a lot of time thinking about whether you got a "great deal" at $1500. or "overpaid" at $1580.

Thu, 07/14/2011 - 09:19 | 1455636 jm
jm's picture

Spain not mentioned, which is interesting.

Thu, 07/14/2011 - 09:53 | 1455761 Ying-Yang
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Nice avatar JM.... although my Yang is larger due to the blue aura of repeated Viagra in-gestation.

Thu, 07/14/2011 - 09:22 | 1455643 equity_momo
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Bobs turned into a fence-sitter - throw enough levels out there and either/ors and you cover yourself.  And if he thinks Italy comes out ok hes delusional , i thought he understood where we were in the system. Clearly just another industry hack.

Thu, 07/14/2011 - 09:23 | 1455648 MiningJunkie
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Mumbo-jumbo blah blah blah....justy buy the metals and sit back and ring the register. The O/I at $1600 August calls is going to propel this baby to $1,635 by next week. Epic short squeeze will slaughter the fuzzy-cheeked geek quants as they puke up their bonuses with the failed trade of the year...

Thu, 07/14/2011 - 09:24 | 1455653 unky
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Thu, 07/14/2011 - 09:24 | 1455656 milanitaly
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Please buy our Bunga Bunga Bonds

Thu, 07/14/2011 - 09:25 | 1455660 unky
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there is actually a porn perody called "bunga bunga presidente"

Thu, 07/14/2011 - 09:29 | 1455677 milanitaly
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But if you buy 100 Bunga Bunga Bonds you can win a fantastic dinner with Silvio and his staff. Much better, believe me.

Thu, 07/14/2011 - 09:31 | 1455690 milanitaly
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But if you buy 1000 BBB you can win a dinner with silvio and his stuff. Much better, believe me

Thu, 07/14/2011 - 09:28 | 1455672 kito
kito's picture

i get the sense from bob that he doesnt see the world imploding. 

Thu, 07/14/2011 - 09:42 | 1455730 ssp2s
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Not before mid-August, you mean.

Thu, 07/14/2011 - 09:30 | 1455689 trentusa
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Varney came out 1st thing on FBN a few mins ago @ 830 (ding ding ding) & damned if it didnt sound to me like Varney nearly quoted last nite's ZH story word-for-word about Obama walking out of debt meeting  

Thu, 07/14/2011 - 09:35 | 1455706 earnulf
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appears very wishy-washing to me.    lack of committment?


Thu, 07/14/2011 - 09:38 | 1455721 trentusa
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FBN was complaining but not real loud last week/10 days ago the gov't was telling the channel to chill the hell out, if nobody here noticed FFBN has toned it down in last week and a half. You could tell the broadcasters were chafing @ the bit & didnt appreciate it. Been some superb political theatre last couple three weeks.

Thu, 07/14/2011 - 09:43 | 1455734 nscholten
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I'm going to take a stab at a market prediction. 

I look for the market to go either up or down or sideways.

Do they really get paid to print this shit?

Thu, 07/14/2011 - 09:51 | 1455757 Boston
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I think USD and USTs would rally if the debt ceiling deal were not to materialise. The knee-jerk reaction may be to sell USTs and USD, but no deal on the debt ceiling would I feel ultimately send a very positive message to the bond vigilantes that the US is serious about getting its fiscal house in order.

Exactly. So here's the plan:

1. On any knee-jerk sale of UST, go preparation for the upcoming risk-off later in the fall.

2. If no debt deal happens, and risk off strikes sooner.  Sell into a panic-driven UST rally as equities take a nosedive.  Soon after, buy back the UST's when they come off their panic highs.


Thu, 07/14/2011 - 10:00 | 1455787 New American Re...
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Explain C again.   Is it me, or are you saying it could go up or down?

Thu, 07/14/2011 - 10:10 | 1455804 Caviar Emptor
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no deal on the debt ceiling would I feel ultimately send a very positive message to the bond vigilantes that the US is serious about getting its fiscal house in order


There's no intention, no desire, no effort, no interest, no reason. 

First there's politics: we gotta keep handing money over to the Wall Street and the oil-industrail complex, along with the corporate welfare lobby so they can keep exporting jobs. And we gotta keep the millions of unemployed off the streets

Second there's economics: a Ponzi placed on a diet implodes with a huge sucking vortex, pulling everything in like a black hole. The entire financial complex depends on a huge expansion (not contraction) of debt to keep alive by paying off the previous giant bad debt. Every S&P 500 living off the fat of large amounts of nearly free credit would have to cut itself in half. 

Thu, 07/14/2011 - 10:10 | 1455820 snowball777
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Party pooper. ;)

Thu, 07/14/2011 - 10:14 | 1455829 TooBearish
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Clearly Bob has lost his mojo

Thu, 07/14/2011 - 10:22 | 1455875 SoNH80
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Thu, 07/14/2011 - 11:02 | 1456037 ElvisDog
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The problem with not increasing the debt ceiling is that living within our tax revenues ($2.4T or so?) means a 33% cut in federal spending. Read that story about CA. If they don't get their sugar from the Federal daddy they implode. Same with most other states. Living within our means would certainly be healthy in the medium to long term, but over the short term there would be a reckoning. There is no way the markets would view that favorably.

Thu, 07/14/2011 - 11:09 | 1456076 newstreet
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Isn't this the guy who had us selling the SPU's at 1000 last fall?

Carthago delenda est.

Thu, 07/14/2011 - 12:00 | 1456322 rdenner
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Thu, 07/14/2011 - 13:19 | 1456645 milanitaly
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Looking at today that we have approved new taxes and the interest rate is higher than yesterday, I foresee not good days for our bonds ( 10years 6%before the end of july).

Thu, 07/14/2011 - 13:30 | 1456684 Ying-Yang
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Hey Tyler... I don't know if you caught the the following interview but it was pretty good!

A U.S. default isn't a matter of "if" but "when," David Murrin, chief investment officer at Emergent Asset Management, told CNBC. 

Do NOT follow this link or you will be banned from the site!