Market Reaction To Bernanke Speech: Disappointment

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Tue, 06/07/2011 - 16:07 | 1348143 Diablo
Diablo's picture

long SDS, bitchez!  :)

Tue, 06/07/2011 - 16:15 | 1348185 bankrupt JPM bu...
bankrupt JPM buy silver's picture

Panacea.  Goddess of healing.  He alludes to the fact hes not healing anything.

www.silvergoldsilver.blogspot.com

Tue, 06/07/2011 - 16:19 | 1348211 66Sexy
66Sexy's picture

Sounds to me like no formal QE3

Tue, 06/07/2011 - 16:12 | 1348188 Clueless Economist
Clueless Economist's picture

I may be in my pajamas, but I studying for my PHd

Bill Schaefer made a financial gain with his invention.

Attention parents and grandparents with Gerber's life insurance

Get MAGIC JET!!!!

and the genius of Steve Liesman all brought to you by CNBS!

Tue, 06/07/2011 - 16:19 | 1348214 TruthInSunshine
TruthInSunshine's picture

Bernank is killing it as a comedian! Killing it!

That's his real calling in life! Shit, who knew the bearded Keynesian mutant could be so damn hilarious?

 

Tue, 06/07/2011 - 16:18 | 1348231 Bindar Dundat
Bindar Dundat's picture

A+

Tue, 06/07/2011 - 16:35 | 1348320 SheepDog-One
SheepDog-One's picture

HEY all we need is the nations #1 employer McDonalds to hire 250,000 new part time min wage workers monthly, and we're all set!

Tue, 06/07/2011 - 16:46 | 1348357 bigdumbnugly
bigdumbnugly's picture

yeah but steven wright has already copped the deadpan, depressed, rambling delivery.

Wed, 06/08/2011 - 00:51 | 1349707 Peak Everything
Peak Everything's picture

Maximum employment and price stability sounds pretty good. Why only the medium term? Why not short and long term also?

Wed, 06/08/2011 - 07:51 | 1350082 ms1408
ms1408's picture

I didn't think I'd laugh but that is HILARIOUS.

Tue, 06/07/2011 - 16:57 | 1348420 SheepDog-One
SheepDog-One's picture

But those results are not typical...

Tue, 06/07/2011 - 16:24 | 1348244 zeek
zeek's picture

until they deem the bear ETFs as a threat to the 'stability' of of the financial system...

 

I'm still waiting for them to vaporize my holdings!!!

Wed, 06/08/2011 - 00:12 | 1349654 66Sexy
66Sexy's picture

the only true equity is inverse equity derivatives

Tue, 06/07/2011 - 16:11 | 1348144 DoChenRollingBearing
DoChenRollingBearing's picture

That was a nice swoon!

Tue, 06/07/2011 - 16:22 | 1348235 Cdad
Cdad's picture

Looks like the S&P found support...aka the closing bell  :)

Tue, 06/07/2011 - 16:39 | 1348323 SheepDog-One
SheepDog-One's picture

Heh heh heh...

Tue, 06/07/2011 - 18:14 | 1348715 Steelpulse
Steelpulse's picture

lol

Wed, 06/08/2011 - 00:41 | 1349703 hungarianboy
hungarianboy's picture

haha fantastic comment. laughing my ass off here :D

found support, aka closing bell :-)

BIG LOL

Tue, 06/07/2011 - 16:11 | 1348149 PicassoInActions
PicassoInActions's picture

What is the definition of temporary? Transitionary? IN time frames?

3-6 month? 6m-1 year? 2-4 years? Any ideas?

Tue, 06/07/2011 - 16:10 | 1348172 Temporalist
Temporalist's picture

Until the Chairman is no longer Chairman and doesn't have to address these issues anymore.

Tue, 06/07/2011 - 17:08 | 1348464 The Profit Prophet
The Profit Prophet's picture

"Transitory" is a relative term...as is the term "solvent"...neither of which apply to the US/World economy.

T.E.I.N. everyone!

Tue, 06/07/2011 - 18:17 | 1348724 Steelpulse
Steelpulse's picture

T.E.I.N.??? New to zero hedge. Thanks.

Tue, 06/07/2011 - 18:27 | 1348750 The Profit Prophet
The Profit Prophet's picture

The End Is Near (I'm the resident ZH doomsday prophet....me and a few thousand others!)

It's an homage to Tigger's famous departing phrase: T.T.F.N.

Tue, 06/07/2011 - 16:13 | 1348174 Dreadker
Dreadker's picture

it is somewhere between a nanosecond and a light year... (and i chose a small unit of time and large measure of distance on purpose answering that one... straight from Der Benanks handbook - smoke and mirrors... and printing presses)

 

;-)

Tue, 06/07/2011 - 18:00 | 1348651 mynhair
mynhair's picture

A light year is distance, moron.

(Sorry, couldn't resist.  Just in a bad mood, and you were handy.)

Wed, 06/08/2011 - 00:35 | 1349697 StychoKiller
StychoKiller's picture

Shoulda been parsec...

Tue, 06/07/2011 - 16:14 | 1348178 achmachat
achmachat's picture

For your information... Nixon was saying in his infamous speech that they were going to take the USD off the gold backing temporary. That was 1971.

Tue, 06/07/2011 - 16:29 | 1348265 NYPoke
NYPoke's picture

What is the definition of Transitory? 

 

Doing the same thing over and over, expecting different results.

Tue, 06/07/2011 - 16:11 | 1348151 MrButtoMcFarty
MrButtoMcFarty's picture

Beautiful.

 

Tue, 06/07/2011 - 16:08 | 1348152 Dreadker
Dreadker's picture

Its ok... its only transitory... lol

Tue, 06/07/2011 - 16:23 | 1348251 TruthInSunshine
TruthInSunshine's picture

Murder, rape & pillaging are transitory events.

Tue, 06/07/2011 - 16:52 | 1348400 bbq on whitehou...
bbq on whitehouse lawn's picture

Your transitory events have lasted since pre-history. 50,000 years since there has been anything to pillage but stealing goes back much further.

Sunshine is as true as the breeze. Both are needed for plants and plants are needed for every other living thing.

Tue, 06/07/2011 - 16:45 | 1348351 BobPaulson
BobPaulson's picture

Life is transitory. Is the FED?

Tue, 06/07/2011 - 16:11 | 1348153 Xibalba
Xibalba's picture

those pesky 'speculators'....

Tue, 06/07/2011 - 16:12 | 1348155 rajat_bhatia
rajat_bhatia's picture

we'll get heroin on the moon too, not much oxygen though

Tue, 06/07/2011 - 16:12 | 1348161 SDRII
SDRII's picture

1st comes debt ceiling lift

next comes a main street stimulus "jobs" program

then comes the Fed

Then comes elections 2012 

Tue, 06/07/2011 - 16:37 | 1348308 SheepDog-One
SheepDog-One's picture

So everything thats already failed, just do-over again! Wow should work great and fool lots of people into believing their Ramen noodles are lobster and filet.

Tue, 06/07/2011 - 16:41 | 1348340 TruthInSunshine
TruthInSunshine's picture

Ramen noodles have less saturated fat and are lower in calories than lobster and filet mignon dinners, so The Bernank, Jeethner & NerObama know what's best for us.

We're richer and healthier!

Tue, 06/07/2011 - 16:47 | 1348377 Rainman
Rainman's picture

Timmay wants to make us richer all right. Looks like he is furiously searching for the greater fool to better his dumping price on GM.

http://www.bloomberg.com/news/2011-06-07/treasury-said-to-be-reluctant-to-sell-part-of-gm-holding-at-current-price.html

Tue, 06/07/2011 - 16:55 | 1348411 SheepDog-One
SheepDog-One's picture

Thats all...everything now is just trying to find a greater fool to dump the bubble to.

Tue, 06/07/2011 - 16:09 | 1348162 Clueless Economist
Clueless Economist's picture

I have advised Chairman Bernancke that QE3 is only a start.  We also need a $5 trillion stimulus to create or save millions of shovel-ready jobs.

Tue, 06/07/2011 - 16:17 | 1348199 aheady
aheady's picture

Shovel this.

Tue, 06/07/2011 - 16:49 | 1348386 Dr. No
Dr. No's picture

In your defense, I can see the logic of spending $5T asap.  May as well get some dirt moved while you still can buy a shovel with $USD!  Preempt the FED and bankers!  If we are going to drop money from helicopters, at least hover over mainstreet rather than wallstreet.  burn.

Tue, 06/07/2011 - 17:22 | 1348521 The Profit Prophet
The Profit Prophet's picture

Excellent advice Mr. Krugman. May I be so bold to suggest that your bastardized Keynesian brilliance be utilized to gain political support for the FED simply hiring every unemployed/underemployed person in America, paying them $30,000/yr each for a two year period. The FED would only have to extend its balance sheet by another 2T (which is less than the amount handed to the Elites) - and the 30,000,000 newly employed Americans can be put to work providing massages and hand-jobs to the Kleptocrats....talk about your economic stimulation!!!

T.E.I.N. everyone!   

Tue, 06/07/2011 - 16:09 | 1348166 mt paul
mt paul's picture

the bernanks speech was a

" boner killer "..

http://www.youtube.com/watch?v=Gy2LCAtwrZo&feature=feedu

 

Tue, 06/07/2011 - 16:13 | 1348168 RobotTrader
RobotTrader's picture

ES at the lows right now.

12 points down in a flash crash.

IYR remains a safe haven, it was actually up today.

Resource stocks were totally destroyed in the last 10 minutes.

Tue, 06/07/2011 - 16:15 | 1348183 Deep
Deep's picture

Damn, you flip flop more than Cramer

Tue, 06/07/2011 - 16:16 | 1348217 oogs66
oogs66's picture

IYR will come down

Tue, 06/07/2011 - 16:47 | 1348360 homersimpson
homersimpson's picture

Even PDs don't flip as much as the RoboMondayMorningQB

Tue, 06/07/2011 - 16:26 | 1348252 Coast Watcher
Coast Watcher's picture

I think Robo gets paid by the number of junks he receives.

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