• Knave Dave
    05/23/2016 - 18:16
    This past Thursday marked the one-year anniversary of the US stock market’s death when stocks saw their last high. Market bulls have spent a year looking like the walking dead. They’ve...

M.A.D. - Meet Nuclear Fission

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Thu, 04/14/2011 - 10:59 | 1168724 Robot Traders Mom
Robot Traders Mom's picture

I don't know how any debt restructuring will take place w/out shit hitting the proverbial fan...

In an unrelated note to Robot, AAPL is getting ripped apart like a piñata at a Tijuana birthday…Down over $2 today alone and down over $30 from its high…Where is your Steve Jobs God now, you little dweeb? Actually ask your business teacher.

Thu, 04/14/2011 - 11:03 | 1168765 SheepDog-One
SheepDog-One's picture

Just wait until its no longer deniable that Apple cant get any parts from Japan. That Apple is full of worms. 

PS- Dont mention Robos business teacher to him, he breaks down in tears at the thought of more locker room touching.

Thu, 04/14/2011 - 11:08 | 1168783 Robot Traders Mom
Robot Traders Mom's picture

ha ha ha. I can guarantee Robot is the modern day equivalent of Lucas.

Thu, 04/14/2011 - 11:07 | 1168769 Popo
Popo's picture

> "I don't know how any debt restructuring will take place w/out shit hitting the proverbial fan..."

Exactly.  The "chain reaction" he's talking about is a deep flaw in their business model, and is frankly, their problem.   If their business model is so-flawed that a butterfly's wings can set off armageddon -- then I guess immolation is bound to happen.  

You want us to fix that for you, Mr. Banker?   ...Do I see you blowing all of us?

Thu, 04/14/2011 - 11:13 | 1168807 Monday1929
Monday1929's picture

In different contexts, and usually when they are desperate, They have admitted many times that "we are/were at the edge of a cliff" and that the entire system can come down any second. The MSM never focuses on that aspect of what they are saying.

Thu, 04/14/2011 - 12:00 | 1168983 traderjoe
traderjoe's picture

They will do everything to avoid a default of the system that benefits them so handsomely. We must default on them.

Thu, 04/14/2011 - 12:33 | 1169116 centerline
centerline's picture

While we love to talk smack about "sheeple", I think that most people on at least some instinctive level know that either things get better - or fuck it we are all screwed, so party on.  This shit has stalemate written all over it.

Thu, 04/14/2011 - 11:32 | 1168868 PY-129-20
PY-129-20's picture

In German Media there is a report about the meeting of the BRICS countries and that they will rather trade in their own currencies than in the Dollar. They want to get rid of the Dollar dominance. It's not really new to some of us that are following this story, but this meeting is all over the news here. I don't find it even mentioned on the English Google News page.

http://www.businessinsider.com/bric-leaders-challenge-western-monopoly-a...

 

Thu, 04/14/2011 - 12:14 | 1169056 Alexandre Stavisky
Alexandre Stavisky's picture

No country for old men (watch those fleeing. some don't make it.  So too the wheelchair bound)

http://www.liveleak.com/view?i=32d_1302646038

That village is the world marketplace destroyed by excess liquidity.

And we pretend (through changes in the unit of account) that we are on sufficiently high enough ground that we will escape.

When everything we materially value is fixed on the ground below.

Thu, 04/14/2011 - 12:38 | 1169158 Ransom
Ransom's picture

The dollar as the reserve currency has been an advantage but I'm not so sure that, ultimately, we don't want it to lose its status.  Look at the trouble it's gotten us into thus far.

Thu, 04/14/2011 - 10:59 | 1168727 TumblingDice
TumblingDice's picture

He sure knows how to keep up with the fads nowadays. I bet that guy made a killing trading pokemon cards.

Thu, 04/14/2011 - 11:03 | 1168728 hedgeless_horseman
hedgeless_horseman's picture
  • Europe could see some 'fallout' from this
Thu, 04/14/2011 - 11:08 | 1168781 hedgeless_horseman
hedgeless_horseman's picture
  • PIGS a long way from a 'meltdown'
Thu, 04/14/2011 - 11:11 | 1168798 hedgeless_horseman
hedgeless_horseman's picture
  • EMU says periphery rates are manageable and 'core is stable'
Thu, 04/14/2011 - 11:10 | 1168802 hedgeless_horseman
hedgeless_horseman's picture
  • We certainly don't want this to 'mushroom'
Thu, 04/14/2011 - 11:14 | 1168822 hedgeless_horseman
hedgeless_horseman's picture
  • Strauss-Kahn statements 'radiating' confidence
Thu, 04/14/2011 - 11:23 | 1168835 hedgeless_horseman
hedgeless_horseman's picture
  • Default would not lead to a 'new-clear' balance sheet
Thu, 04/14/2011 - 12:56 | 1169232 Herman Strandsc...
Herman Strandschnecke's picture

He suffers from Hyper-ventilation. I recommend a cold boron shower.

Thu, 04/14/2011 - 11:00 | 1168729 Hephasteus
Hephasteus's picture

"$300 million in cuts on $20 trillion in deficits... Can excel even calculate that?"

Hooray for double precision floating point. 128 bits FTW!!!

Thu, 04/14/2011 - 10:59 | 1168743 yipcarl
yipcarl's picture

It's all over people, I wish we could just get on with it.  

Thu, 04/14/2011 - 11:12 | 1168811 Robot Traders Mom
Robot Traders Mom's picture

It doesn't hurt to keep preparing while you can...I am fine over-preparing as the case may be.

But yes, anyone with an IQ over 70 (roughly 6% of the population) is ready to rip the bandage off...

Thu, 04/14/2011 - 12:58 | 1169248 Robot Traders Mom
Robot Traders Mom's picture

I guess you have never been in a public place...

Thu, 04/14/2011 - 11:03 | 1168749 TumblingDice
TumblingDice's picture

This is a dupe so I'll make some use of it. This guy knows full well that his comments move the euro, it is possible that he does not see the euro's determined trudfge higher as a good thing so he is trying to influence it down with his hysteria. Or he just doesn't know what he's doing. As stupid as he sounds I doubt it.

Thu, 04/14/2011 - 11:02 | 1168753 yipcarl
yipcarl's picture

It's all over people, I wish we could just get on with it.  

Thu, 04/14/2011 - 11:24 | 1168847 Crisismode
Crisismode's picture

You said that already.

Thu, 04/14/2011 - 11:02 | 1168759 sangell
sangell's picture
04-14 10:54: EU's Rehn says cannot see private sector involvement in debt restructuring under current fragile situation in Europe Something about those 'stress tests' on the banks Ollie? Would that be the 'fragile situation' you speak of?
Thu, 04/14/2011 - 14:07 | 1169532 CrashisOptimistic
CrashisOptimistic's picture

Guess what, sports fans.  If you're running a bank and you know how this plays out YOU DO NOT DIVEST YOURSELF OF SWAPS.

No, you INCREASE YOUR EXPOSURE.

Why?  To show it to your government puppets and explain carefully to them what happens if it blows up.  If they ask, Why didn't you divest?  Your answer is: We have to go to war with the Army we have.  This is the situation that exists.  We can't make it be something different after the fact.  So . . . you need to do whatever you must to prevent defaults.  Now, if you will excuse me, I have a more important meeting than you, Mr. Prime Minister.  That will be all.  Have a nice day.

Thu, 04/14/2011 - 11:03 | 1168762 Eireann go Brach
Eireann go Brach's picture

There needs to be a behead a banker day in Europe just the way William Wallace would do it! I am still waiting for the IRA to deliver Rehn's head in a box to be delivered during a G7 meeting..

Thu, 04/14/2011 - 11:03 | 1168764 DoctoRx
DoctoRx's picture

Which recession did you think ended 9 months ago?

Thu, 04/14/2011 - 11:25 | 1168851 Crisismode
Crisismode's picture

The same one that started up again 8 months & 29 days ago.

Thu, 04/14/2011 - 11:26 | 1168856 Sancho Ponzi
Sancho Ponzi's picture

From Engadget.com (data provided by IDC & Gartner)

1Q11 total US PC shipments down 10.7% vs. 1Q10

http://www.engadget.com/2011/04/14/idcs-latest-pc-sales-stats-show-why-acer-needed-to-make-a-strat/

Ouch

Thu, 04/14/2011 - 11:04 | 1168766 digalert
digalert's picture

NEWSFLASH CNBS Steve Liesman:

"people are making a bigger deal of the debt than it is"

 

Thu, 04/14/2011 - 11:04 | 1168776 SheepDog-One
SheepDog-One's picture

Right, the debt is obviously no big deal. I mean, other than being mathematically impossible to ever deal with....other than that no big deal at all!

Thu, 04/14/2011 - 11:45 | 1168921 NotApplicable
NotApplicable's picture

All they need to do is to buy enough time to ZIRP the entire curve, and "POOF!", they can roll to infinity.

Just gotta clear the minefield first with a little IMF QE.

Thu, 04/14/2011 - 13:54 | 1169488 defender
defender's picture

What do you mean, impossible?  All that you have to do is devide by that square root of negative one and the whole equation becomes easy to solve. 

By the way, what is the mathmatical symbol for unicorn again?  I always forget that one.

Thu, 04/14/2011 - 11:07 | 1168792 ivana
ivana's picture

think this could be legendary statement (depends who's lender and who's debtor)

:-D ha ha ha

Can ZH establish continous thread for collection of the greatest bullshit statements and "opinions" from MSM and "nobel" winners??
... we could also continously vote, propose etc ... final and intermediate ranking BS awards etc
after all, these are epic times and so is the amount of crap served everyday

Thu, 04/14/2011 - 11:04 | 1168768 yipcarl
yipcarl's picture

It's all over people, I wish we could just get on with it.  

Thu, 04/14/2011 - 11:24 | 1168855 Crisismode
Crisismode's picture

You said that twice already.

Thu, 04/14/2011 - 11:37 | 1168896 cowdiddly
cowdiddly's picture

Now thats the best avatar Ive seen in a while.

Thu, 04/14/2011 - 14:21 | 1169596 The Grip
The Grip's picture

Get em while ya can!

Thu, 04/14/2011 - 11:06 | 1168772 Cdad
Cdad's picture

Speaking of Mutually Assured Destruction...is anyone else measuring the "GETCO" effect in equities today?  Holy crap...if this does not end up being a breakdown day, well, then I am not trading and this is all a hallucination I am having right now.  Someone quipped to me a couple days ago, saying "Selling makes stocks go up now."  Prophetic!

And here comes the President.  Will they buy Presidential remarks?

Bring on the zombies! 

 

Additional:

However, selling on Apple still makes that one go down....so there is that.

Thu, 04/14/2011 - 11:11 | 1168797 SheepDog-One
SheepDog-One's picture

Thats Apple is full of worms, and the news that Apple has parts shutdown from Japan hasnt even entered into the cult-like Apple stock minions minds yet.

Thu, 04/14/2011 - 11:17 | 1168824 Cdad
Cdad's picture

You know Dog, I could not even tell you whether or not Apple products are great.  I don't want to be zombified, so I don't touch them...but what I do know Dog is that the very best shorts are the most ridiculously over crowded longs...and I simply believe there is NO ONE LEFT TO BUY SHARES OF THE WORLD'S LARGEST ZOMBIE MAKER.

And yes...Apple is hiding a lot of things lately, including Japan and the health of their main man [did folk forget that one?]

Is that you Bueller?

Thu, 04/14/2011 - 11:21 | 1168846 SheepDog-One
SheepDog-One's picture

Im using an Imac right now, its a good computer. But the cultish nature of the company and its stockholder minions gives me the willies! 

Thu, 04/14/2011 - 11:51 | 1168956 Cdad
Cdad's picture

NFLX rollover alert!  CMG reversal alert!  AAPL breakdown alert!  Has a GETCO algorithm died?  Are algorithms alive in the first place?

Now...I'm sure these things are bullish...in some weird, reverse double pathological, MAD, Banana Tree Republic, criminal reserve fractionalizing sort of way.  Li'l help?  My brain doesn't work that way.

Thu, 04/14/2011 - 11:05 | 1168774 UnRealized Reality
UnRealized Reality's picture

Unbelievable, So they are going to wait until the whole fucking thing collapses to do something. God help us all!!!!

Thu, 04/14/2011 - 11:09 | 1168789 SheepDog-One
SheepDog-One's picture

Right! Why deal with it today, when theres always tomorrow and besides $9 burritos and lace bras are plentiful all day TODAY! Scam it all today, to get thru today, in order to try to scam it all up again another day!

Thu, 04/14/2011 - 11:15 | 1168816 topcallingtroll
topcallingtroll's picture

That is the southern european philosophy in a nutshell.

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