It's The Chart, STUPID
With every Tom, Dick and Harry convinced they can take on Goldman's Jim O'Neill and come up with a wittier, edgier, Gen Y/Z BRIC equivalent, Zero Hedge has decided to join the fray. We present the STUPIDs: Spain, Turkey, UK, Portgual, Italy and Dubai. We admit that while the BRICs and some the other more ridiculous sounding acronyms we have seen out there recently are a gauge into various countries' pent up "growth" potential, the STUPID index is merely a countdown to the inevitable sovereign debt implsion that so far has been postponed due to cash printers working on overdrive 24/7. And to make it simple for the armchair acronym specialists, since the index is in CDS, the chart will go up... but not on the pervasive permabullish sentiment.
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on Tue, 02/02/2010 - 13:54
#214955
since the index is in CDS, the chart will go up... but not on the pervasive permabullish sentiment.
LMAO, is that an HS botoom---anatema, technicals---on the damn STUPID chart?
on Tue, 02/02/2010 - 14:46
#215050
how about STUUPID, with another U for the US...just to be fair and balanced...one finger pointed out has three fingers pointed back, yada yada...otherwise, typically excellent....
on Tue, 02/02/2010 - 15:05
#215078
nope, cap and handle
on Tue, 02/02/2010 - 16:07
#215182
cup?
on Tue, 02/02/2010 - 16:27
#215221
2 curves, 1 cup
on Tue, 02/02/2010 - 19:39
#215422
Actually, i don't know how i didn't think of it above, but the STUUPID PIIGS would roll-up fairly nicely to that great 70's memory,the Organization of Fuel Using Countries, which can't be more than one oil crisis away, so we can re-start it now and bet against ourselves in the swaps market with the BRICS on the other side of the trade as the S Debt funding mechanism. Problem solved. For a few more years at anyway.
on Tue, 02/02/2010 - 23:32
#215608
Inverted H&S with an atrophied LS? Either way it measures up to 300ish.
on Tue, 02/02/2010 - 14:11
#214991
ROTFL LMAO.
The 2008-09 fractal implies a gravity defying wave 3 is about to launch. Uh Oh.
on Tue, 02/02/2010 - 14:15
#214997
"STUPID is what STUPID does"
Great stuff TD.
on Tue, 02/02/2010 - 14:16
#214998
I respectfully submit there is one omission. It should be:
STUPID US
on Tue, 02/02/2010 - 15:20
#215098
UST default more likely than blue-chippers now:
http://online.wsj.com/article/SB1000142405274870338900457503327353467855...
Check the comments. Similar to over here and I think I found were Cheeky has been hanging out.
on Tue, 02/02/2010 - 14:21
#215004
STUUPID !!!!!!
on Tue, 02/02/2010 - 14:28
#215018
sounds great but we need more info
1. How are the contributions weighted?
2. Can you provide separate graphs for each contributor on the same graph or anotehr one?
on Tue, 02/02/2010 - 14:29
#215019
+1
on Tue, 02/02/2010 - 14:33
#215029
Relax....it is just a matter of legal accounting semantics.....
on Tue, 02/02/2010 - 14:34
#215031
"I" should have been Ireland.
...unexpectedly...
on Tue, 02/02/2010 - 15:23
#215111
definitely ireland
on Tue, 02/02/2010 - 14:35
#215033
Speaking of STUPID, look who's on TV right now!
The only thing missing is the clown nose....
on Tue, 02/02/2010 - 14:36
#215034
ASSININE Index: Argentina, Spain, Switzerland, Italy, Netherlands, India, Nigeria, England
Maybe replace Argentina with America?
on Tue, 02/02/2010 - 14:44
#215043
on Tue, 02/02/2010 - 14:57
#215063
How do India and the Netherlands fit into this bunch; is it just for convenience?
on Tue, 02/02/2010 - 15:15
#215099
Yes. Perhaps Illinois and Nevada would have been more apt.
on Tue, 02/02/2010 - 14:45
#215048
My God... It's full of awesome.
(apologies to Clarke & Kubric)
on Tue, 02/02/2010 - 15:03
#215072
STUPIDUS Maximus - a new specie that includes the US.
on Tue, 02/02/2010 - 15:03
#215073
Priceless! Thumbs up ZH!
on Tue, 02/02/2010 - 15:08
#215086
Looks like a "bullish" CUP and HANDLE formation on the right side!
on Tue, 02/02/2010 - 15:10
#215092
STUPID -- ha, ha, ha! Excellent!
on Tue, 02/02/2010 - 15:12
#215096
F U C K E D:
on Tue, 02/02/2010 - 15:16
#215103
G O L D:
on Tue, 02/02/2010 - 15:16
#215100
I think that acronym ignores some very severe problems in Eastern Europe. I propose:
Dubai England Estonia Portugal (or Poland?)
Spain Hungary Italy Turkey
It also has the advantage that you can combine them with the Brics, and just SHIT BRICS if you like
on Tue, 02/02/2010 - 16:13
#215195
+1+
on Tue, 02/02/2010 - 15:20
#215107
Dear Colleagues, please be so kind to consider the following acronym COMe IN! - California, Ohio, Michigan, Illinois, New York.
on Tue, 02/02/2010 - 15:26
#215113
Funny stuff. Man this stuff almost writes itself.
on Tue, 02/02/2010 - 15:31
#215120
The Munder STUPID Fund.
Whats the symbol for the 3x STUPID ETF? LOL!
on Tue, 02/02/2010 - 15:56
#215166
IOU
on Tue, 02/02/2010 - 16:35
#215237
I'd think it would be DUH or DUM
on Tue, 02/02/2010 - 15:34
#215127
Just to show how STUPID you are explain why Italy is included?
on Tue, 02/02/2010 - 15:39
#215137
Turkey doesn't belong.
on Tue, 02/02/2010 - 15:47
#215145
How about this little action by the Black folks -
http://jessescrossroadscafe.blogspot.com/2010/02/why-is-blackrock-broadl...
on Tue, 02/02/2010 - 15:54
#215158
Canada
Russia
Egypt
Australia
Mexico
Portugal
Italy
Estonia
on Tue, 02/02/2010 - 16:39
#215244
I understand that you are hungry, but why Canada and Australia---seriously?
on Tue, 02/02/2010 - 17:04
#215276
Canada -> California
Australia -> America
Fixed it for you.
on Tue, 02/02/2010 - 16:10
#215191
M*A*D*D*
Mongolia
Angola
Dubai
Detroit
touche....
on Tue, 02/02/2010 - 16:35
#215238
This sure as shit beats MAVINS on TBI. Fucking fools.
on Tue, 02/02/2010 - 17:21
#215243
ROTFL
on Tue, 02/02/2010 - 16:48
#215258
PIGS
Portugal, Italy, Greece, Spain.
on Tue, 02/02/2010 - 17:03
#215274
It seems everyone has forgotten about California! This state with no oil revenue (Ton's of Oil), no real estate tax revenue (Prop 13), no budget(State Reps),no govenor- come September 2010 will default. IOUs will be issued by July 1, 2010. Mass layoffs of govenment employees are starting on April 1, 2010. Muni Bonds could default as soon as November 2010. Not fun! Iceland here we come!
IP.
on Tue, 02/02/2010 - 17:21
#215296
Anybody know how to embed images?
on Tue, 02/02/2010 - 18:19
#215356
You can only embed images if you are a contributor. We could always use another perspective if you are willing to share your views.
on Wed, 02/03/2010 - 14:36
#216258
That would take some work... hmmm
on Tue, 02/02/2010 - 17:32
#215310
D enmark
E ngland
F rance
A ustrailia
U SA
L ithuania
T urkey
on Tue, 02/02/2010 - 17:36
#215315
Poland
Österreich
New
Zealand
India
on Tue, 02/02/2010 - 20:31
#215476
easily one of the best comment threads.
awesome index, ZH; great show, all.
on Tue, 02/02/2010 - 21:30
#215520
I notice you include Italy. Italy has over 2451 tons gold (see your own post http://www.zerohedge.com/article/gold-holdings-country). Sovereign default highly unlikely at the moment. Italy can well afford to bide its time.
I wouldn't mind betting that Italy has more gold than the USA !!! If ever USA gets an audit.
on Tue, 02/02/2010 - 21:49
#215542
This thread is epic. As well as this tyler post.
on Tue, 02/02/2010 - 22:20
#215566
Switzerland
England
Lithuania
Latvia
Spain
Estonia
Laos
Las Vegas
St. Petersburg (FL)
Emirates(United Arab)
Liberia
LA
on Tue, 02/02/2010 - 22:45
#215582
What's edgy or clever about the acronym BRIC? He takes four letters that make a real word (CRIB) and makes them into an almost-word...how clever. Comments here are far better than the original.
on Wed, 02/03/2010 - 14:04
#216204
I like BRIC because of the multiplicity of possible meanings. BRIC as in a building brick of an emerging country comes to mind. Then you have the subversive element for when the economies stumble: "dumb as a brick," "he shot a brick," fall "like a brick," etc.
STUPIDity is similar as it can be twisted and turned with market action. The buyer or seller on the wrong side of the market is tortured by regret and second guessing either way. Bravo.
on Mon, 02/08/2010 - 05:56
#221970
Nothing, most of what Jim O'Neill says is utter crap. The man even said we wouldn't have a recession. Half-wit.
on Mon, 02/08/2010 - 07:34
#221991
I think we need to be careful about the T.W.A.T.S
Tajikistan, Wales, American, Turkey, South Korea.
I don't yet know what links them, but will produce a graph soon.
on Tue, 02/09/2010 - 14:25
#223720
Portugal is always on that craps acronims. Yes, it´s true Portugal's economy is not so good, but there are others countrys in a bad situation than Portugal such as Poland, Italy and others.
on Wed, 02/17/2010 - 11:14
#234048
Nice!