• Sprott Money
    05/06/2016 - 06:03
    The US, in its own decline, is showing this same self-destructive tendency. The worse things get, the greater the inclination of the citizenry to say, “Carry on, everything’s fine.”

On Laszlo Birinyi's 2,800+ S&P Prediction By September 4, 2013

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Wed, 02/16/2011 - 11:14 | 966581 trav7777
trav7777's picture

Riches for everybody!!!!!1

Wed, 02/16/2011 - 11:53 | 966740 eckart
eckart's picture

on a spread trade at 50 bucks a pip, thats over $700k! should be enough to wallpaper my bedroom...

Wed, 02/16/2011 - 11:17 | 966593 Sophist Economicus
Sophist Economicus's picture

Wow, this Technical Analysis thing is easier than I thought...

Wed, 02/16/2011 - 11:20 | 966608 Ray1968
Ray1968's picture

+1!

Wed, 02/16/2011 - 11:16 | 966594 HarryWanqer
HarryWanqer's picture

This seems plausible.

Wed, 02/16/2011 - 11:20 | 966607 lizzy36
lizzy36's picture

So does my SI swimsuit cover shot.

Wed, 02/16/2011 - 11:25 | 966632 HarryWanqer
HarryWanqer's picture

Well, it doesn't affect me much either way.  I've been long stocks since March of '09 so I can ride out any eventuality.  Plus my Home Decor business is taking off like a rocket, so stocks are just extra retirement money.

Wed, 02/16/2011 - 11:35 | 966671 Robslob
Robslob's picture

Harry...lololololololol lololololololol

Bought at the exact bottom...riggghhhtttt.

Too funny

Wed, 02/16/2011 - 11:37 | 966677 alien-IQ
alien-IQ's picture

and you can fairly safely bet your life he'll sell at the exact top. he's one of "those" investors.

Wed, 02/16/2011 - 11:53 | 966741 Salvatore CFA
Salvatore CFA's picture

Wanqer, dedicated repetition of said italicized action can cause visual acuity to materially deteriorate. How can one be a purveyor of wall stencil kits if you have but one free hand, and the paint brush is a blur ?

Wed, 02/16/2011 - 12:36 | 966876 curbyourrisk
curbyourrisk's picture

I don't even read what you spew anymore.  I just flag you for the pure fun of doing it. 

 

What a total jackwagon!

Wed, 02/16/2011 - 14:03 | 967339 lincolnsteffens
lincolnsteffens's picture

WOW HARRY,

You are just too brilliant. "Ride out any eventuality" is the smartest thing I've heard since Bernakski's "There is little or no inflation." and Birinyi's comments today. Just hold on to everything and you are guaranteed to stay on top. Perfect....

I had a normal take for January in my business, that is if you consider normal for a month in 1985!! It's all the same 'cause there is no inflation. I'm doing so well I think I'll sell my business for a quatrillion dollars before the economy takes a breather.

Thu, 02/17/2011 - 01:09 | 969279 Quaderratic Probing
Quaderratic Probing's picture

So which ones did you buy then?

Wed, 02/16/2011 - 11:26 | 966638 CU1981
CU1981's picture

Can we get a pre-release peak at it ?

Wed, 02/16/2011 - 12:16 | 966814 AN0NYM0US
AN0NYM0US's picture

Laz has been a heck of alot more accurate than Dancing Dave the Bear Rosenberg

 

but the real issue is the form/opportunity the impending crisis will take and when it will hit - To TD's and for that matter Faber's point equities are but one store of value for a collapsing currency

Wed, 02/16/2011 - 12:20 | 966821 I am more equal...
I am more equal than others's picture

.... to infinity and beyond.....

The Buzz Lightyear analytical method.  I fear its a Wild E. Coyote moment... still running on thin air and after, and only, when you realize there is nothing supporting you - do you plumment ... and puff... you create a little cloud of dust when you meet earth.

Wed, 02/16/2011 - 12:35 | 966874 Zero Govt
Zero Govt's picture

Hamy, when i first saw this chart straight away i thought, 'Did Hamy draw this?'

Wed, 02/16/2011 - 11:17 | 966595 Ferg .
Ferg .'s picture

Wouldn't a hyperinflationary environment make that estimate plausible ?

Wed, 02/16/2011 - 11:29 | 966645 Dingleberry Jones
Dingleberry Jones's picture

Exactly my thought.  We talk of hyperinflation on ZH and then assume the market won't track with it.

Wed, 02/16/2011 - 11:34 | 966664 alien-IQ
alien-IQ's picture

the market can track with inflation...hyperinflation is another matter all together. At that point most people will have lost almost all purchasing power...and by extension...corporations will have lost most customers....sales, revenues and profits will plummet.

but then again...in this market...sure...I can see that a s a scenario for stocks to go parabolic.

Wed, 02/16/2011 - 13:10 | 967071 Dingleberry Jones
Dingleberry Jones's picture

Fair enough. Thanks for your reasoning.

Wed, 02/16/2011 - 11:30 | 966648 lsbumblebee
lsbumblebee's picture

Give Laszlo yardstick.

Wed, 02/16/2011 - 11:18 | 966604 gwar5
gwar5's picture

If the S&P doubles, and the dollar is cut in half, and I pay taxes on gains.... I'll be rich.

Wed, 02/16/2011 - 11:20 | 966610 alien-IQ
alien-IQ's picture

...sigh...

Wed, 02/16/2011 - 11:23 | 966619 Hephasteus
Hephasteus's picture

Vector math for retards.

Wed, 02/16/2011 - 11:24 | 966622 DaBernank
DaBernank's picture

S&P = gold spot.

Wed, 02/16/2011 - 11:24 | 966624 Turd Ferguson
Turd Ferguson's picture

What a fucking douchebag.

Wed, 02/16/2011 - 11:39 | 966683 william the bastard
william the bastard's picture

He read your gold plot

Wed, 02/16/2011 - 11:25 | 966625 Josh Randall
Josh Randall's picture

Next he will show that inertia will dictate the markets move higher because things in motion tend to stay in motion

Wed, 02/16/2011 - 14:11 | 967371 lincolnsteffens
lincolnsteffens's picture

Right you are. They tend to stay in  motion UNLESS ACTED UPON BY AN OUTSIDE SOURCE. How's about GRAVITY AND FRICTION (in our case RESISTANCE) !!!

Wed, 02/16/2011 - 11:26 | 966635 jobs1234
jobs1234's picture

This does seem realistic at this rate. Since corrections dont seem to ever occur anymore and we just go higher and higher on lower and lower volume, its conceivable that we may get there without another correction.

Wed, 02/16/2011 - 11:27 | 966636 vas deferens
vas deferens's picture

 

Once QE6 is announced the prediction may be understated.

Wed, 02/16/2011 - 11:46 | 966642 whatz that smell
whatz that smell's picture

that projection seems a bit gappy for my taste... but, shit, i mean, a new technical indicator to add to the all ready crowded toolkit... now known as the "Hung Laszlo".

Wed, 02/16/2011 - 11:33 | 966659 ivana
ivana's picture

this is what happens when puppeteers don't have good quality of reliable algorithm for CONTROLLABLE DOWNWARDING of markets.

Going up without volume was easy but controlling diving ... hmmmm - not so easy.

Think that ZH could post and advert or public tender for software programmers to help powerz and get really rich!

Wed, 02/16/2011 - 11:36 | 966662 Corduroy
Corduroy's picture

I think I need a longer ruler or need to use smaller graphs - thats why I have been getting it wrong all this time

Wed, 02/16/2011 - 11:33 | 966663 Corduroy
Corduroy's picture

Thats dependent on the S&P 500 still operating in 2013.. :-)

Wed, 02/16/2011 - 11:36 | 966668 monkeyfaction
monkeyfaction's picture

They let people say any old crap on CNBC these days. I wouldn't be suprised to see my Grandma on there next week telling people to buy Netflix because her cat said so.

 

Wed, 02/16/2011 - 11:37 | 966675 jobs1234
jobs1234's picture

When you live in a world where stocks like FDX and DF can warn on earnings and zoom higher, then predictions like this seem extremely plausible.

 

The strange thing is that throughout history, whenever people have been this complacent, bad things have happened. I can't think of anything at this point that would be perceived as "bad" by this market.

Wed, 02/16/2011 - 11:38 | 966679 Crispy
Crispy's picture

GC price action does not agree with any sort of hyper inflation scenario. New highs or bust...until then I do not agree.

Wed, 02/16/2011 - 11:38 | 966680 Robslob
Robslob's picture

Tops aren't broadcasted...or are they?

Wed, 02/16/2011 - 11:41 | 966688 william the bastard
william the bastard's picture

I think he's calling one now.

Wed, 02/16/2011 - 11:43 | 966695 Traveling Trader
Traveling Trader's picture

The extrapolation above as an analysis is absurd.....but so is the anti-gravity market at this point.   If inflation does go hyperbolic the FED's reaction will certainly dampen the market by the application of required tightening.......no???

Wed, 02/16/2011 - 11:43 | 966697 Ted K
Ted K's picture

TYLER---

Usually I choose to attack you on substantive reasons---maybe for the first time ever you disappoint in the entertainment/Vaudevillian department, you tease us with the Kermit reference and no video/audio of Birinyi?!?!?!?!?!  It's a sad moment for ZeroHedge...I'm getting verklempt Mike Myers style now........

Wed, 02/16/2011 - 11:54 | 966747 Tyler Durden
Tyler Durden's picture

Coming shortly

Wed, 02/16/2011 - 12:21 | 966823 cougar_w
cougar_w's picture

Coming shortly sir!

There I fixed it for you. And don't make that mistake again, they'll have your head on a pike.

Wed, 02/16/2011 - 14:16 | 967390 lincolnsteffens
lincolnsteffens's picture

"Coming shortly sir."

No.  Coming shortly, sir, yes sir.

Thu, 02/17/2011 - 03:51 | 969438 Ted K
Ted K's picture

Thanks Tyler---5 stars for customer service.

+1000

Wed, 02/16/2011 - 11:45 | 966707 Salvatore CFA
Salvatore CFA's picture

One needs to listen to Laszlo in Dolby NR mode, else the tympanum will throw a fit.

S&P 2,800...yet another Mad Hungarian ( in deference to the great Al Hrabosky ).

Wed, 02/16/2011 - 11:46 | 966712 kaiten
kaiten's picture

Hungarians know something about hyperinflation. Hungary had the worst hyperinflation in history.

http://en.wikipedia.org/wiki/Hyperinflation

Hungary 1945-1946

Hungary went through the worst inflation ever recorded between the end of 1945 and July 1946. In 1944, the highest denomination was 1,000 peng?. By the end of 1945, it was 10,000,000 peng?. The highest denomination in mid-1946 was 100,000,000,000,000,000,000 peng?. .......

..... When the peng? was replaced in August 1946 by the forint, the total value of all Hungarian banknotes in circulation amounted to one tenth of one US cent.

 

 

Wed, 02/16/2011 - 11:51 | 966729 Oh regional Indian
Oh regional Indian's picture

Be interesting to find out if the Hungarians got their central bank before or after this episode.

ORI

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