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Merrill Lynch Note To Clients: "Buy The Dip"

Tyler Durden's picture





 

From Bank of Countrywide Lynch's Fred Batoua:

"S&P futures getting hit hard as Middle East turbulence starts to impact crude  price...March WTI contract expires today & seen huge short covering...we have  seen buy the dip mentality in S&P futures, 6pts off lows of 1320...near-term  though feel we are due a pause cautious & could retest 50 dma (1283)...last wk  the FMS highlighted that cash balances back at 3.5%, triggering a "sell" signal that on average is followed by ~6.2% move lower over next 4 wks...but  also worth noting that at 14x '11E EPS the S&P is still below 50 yr ave of  15x...also the doubling since March '09 is below the 62% move higher seen in  the 2yr's following a bear market....so BUY the dip"

At least he didn't say "fucking"

 


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Tue, 02/22/2011 - 10:28 | Link to Comment EscapeKey
EscapeKey's picture

How much do they charge for this "premium service"?

Tue, 02/22/2011 - 10:45 | Link to Comment Haywood Jablowme
Haywood Jablowme's picture

That Series 66 must come in really handy...

 

Tue, 02/22/2011 - 10:50 | Link to Comment flacon
flacon's picture

Merrill Lynch, my former employer... :(

Tue, 02/22/2011 - 11:12 | Link to Comment TradingJoe
TradingJoe's picture

When JPM took over Bank One Sec I took my best clients and left, best decision of my entire professional life! Fuck the Banchero Trash!

Tue, 02/22/2011 - 11:19 | Link to Comment French Frog
French Frog's picture

so far it's

Merrill Lynch 1 - Non-Believers in Buy-The-Dip 0

Tue, 02/22/2011 - 11:39 | Link to Comment Judge Judy Scheinlok
Judge Judy Scheinlok's picture

Hey Frenchie how does it look now? Wait till EOD. DOW +52

Tue, 02/22/2011 - 12:19 | Link to Comment French Frog
French Frog's picture

it's going fine thanks; i'm a short term trader so bought this morning at last week's support at 1322 and out for 9 points; buy the dips until it hurts is still the moto;

i agree that the tide will eventually turn but this is what stops are for;

x times profitable trades buying the dips vs the odd one(s) when the market goes down is a lot more profitable than ...

x times trying to pick up the top

simple math really: trading is not about being right, it's about being on the same side as those consistently right; and for the record, i agree that these markets are a joke and that the fundamentals as detailed by ZH day-in day-out do not equal to S&P at 1330;

Tue, 02/22/2011 - 11:53 | Link to Comment Ray1968
Ray1968's picture

If we close green today, that is an absolute indicator of just how sick and broken this market is.

Tue, 02/22/2011 - 13:29 | Link to Comment tj3
tj3's picture

If we don't close -2.5% on the S&P...i will be disappoint. And i just looked (time stamp) but looks a upturn just below the opening low. (what a joke this market is if the turn was real)

Tue, 02/22/2011 - 10:29 | Link to Comment Mr Sceptical
Mr Sceptical's picture

It has become so easy....

Tue, 02/22/2011 - 11:29 | Link to Comment Clockwork Orange
Clockwork Orange's picture

That is exactly when it reverses.

The TBTF trading desks surely see the profits that can be made if they fleece all the longs.  Held the mkts right where they wanted them through Feb OpExp.  Could make some serious coin pulling it back several percent and have a lot of fun trapping the BTFDers.

Once everyone knows the strategy, the strategy changes.  Merrill is probably just collecting more victims.

Tue, 02/22/2011 - 10:29 | Link to Comment Terminus C
Terminus C's picture

... nor did he call his clients "fucking idiots"

Not much else to say here other than, who needs free markets when you can BTFDYFI.

Tue, 02/22/2011 - 10:30 | Link to Comment sushi
sushi's picture

Do they charge more if you ask for the "fucking" with?

Tue, 02/22/2011 - 10:35 | Link to Comment Uncle Remus
Uncle Remus's picture

THAT always costs more.

Tue, 02/22/2011 - 11:42 | Link to Comment Arthor Bearing
Arthor Bearing's picture

The fucking comes complimentary. You have to pay extra for a donut to sit on afterwards though...

Tue, 02/22/2011 - 10:31 | Link to Comment Richard Head
Richard Head's picture

At least he didn't say "BTFD bitches!"

Tue, 02/22/2011 - 10:31 | Link to Comment Cognitive Dissonance
Cognitive Dissonance's picture

Wrong, wrong, wrong. It's "Buy The Fucking Dip". 

Must Zero Hedge correct everything that comes across its desk? 

Tue, 02/22/2011 - 10:45 | Link to Comment DavidC
DavidC's picture

CD,
Tyler commented "At least he didn't say "fucking"...

DavidC

Tue, 02/22/2011 - 10:49 | Link to Comment Cognitive Dissonance
Cognitive Dissonance's picture

I was simply adding amplification. I just repaired my old Harman Kardon and I wanted to put it through its paces.

Tue, 02/22/2011 - 10:56 | Link to Comment DavidC
DavidC's picture

Ah, OK!

DavidC

Tue, 02/22/2011 - 10:57 | Link to Comment Astute Investor
Astute Investor's picture

Nice to see someone still recognizes the sonic purity of tube amplifiers.  Despite your monikor, I assume you embrace vinyl over CD :)

 

Tue, 02/22/2011 - 11:39 | Link to Comment Cognitive Dissonance
Cognitive Dissonance's picture

My heirs will have to pull the vinyl from my cold dead hands. :>)

edit: BTW 20 plus years ago I could hear the difference between tube and electronic. Now I can't. I suspect some of it has to do with better silicon and some of it has to do with older ears and too many rock concerts when I was a stupid kid.

Tue, 02/22/2011 - 12:55 | Link to Comment Irwin Fletcher
Irwin Fletcher's picture

I don't think it's only your ears. I've noticed the same trend, for tube amps vs solid state and for cd vs vinyl. For amps, the complexity of the electronics and user interfaces have improved enough in the last few decades that a talented musician can create nearly any desired sound by fiddling digital controls in the right way. For stereo systems, it seems that the quality of the amps and speakers are the major predictor of performance nowadays, and the high bit rate a/d encoding of cd's is sufficient to eliminate most perceptible differences between the sound output of the musician and its representation on an audio device. Even still, on vinyl you may occasionally hear a pick scraping a guitar string, etc., that might have been eliminated in the digital encoding. I think that's about all the glory analog has left, but maybe we'll see a comeback. I'm all for it.

Tue, 02/22/2011 - 11:03 | Link to Comment Irwin Fletcher
Irwin Fletcher's picture

That's a beauty. I've got a modded Bandmaster in need of repair, but it'll never look that nice!

Tue, 02/22/2011 - 11:15 | Link to Comment Cognitive Dissonance
Cognitive Dissonance's picture

Mine doesn't look that nice either. I grabbed the photo off Google images. But I do own that model. My father was an old High Fidelity guy and passed the curse on to me.

Tue, 02/22/2011 - 12:53 | Link to Comment lincolnsteffens
lincolnsteffens's picture

Anybody want my Fisher? All you have to do is get the oxidation off the aluminum from Fla. salt air and ....?

On the other hand, in case the elec. grid gets shut down I got a Singer treadle heavy duty sewing machine in case you need your wagon harness made or canvas sewn for your get away voyage.

Tue, 02/22/2011 - 13:07 | Link to Comment Irwin Fletcher
Irwin Fletcher's picture

If the grid goes down, I'm exclusively acoustic, and I'm not going anywhere.

Tue, 02/22/2011 - 14:33 | Link to Comment Uncle Remus
Uncle Remus's picture

Many moons ago I had an old Fisher receiver I saved from becoming landfill fodder. Tweaked it a little, connected it to some DCM Time Windows (1st gen) and enjoyed it.

 

 

Tue, 02/22/2011 - 11:05 | Link to Comment Uncle Remus
Uncle Remus's picture

Sweet. What speakers?

Tue, 02/22/2011 - 11:22 | Link to Comment Cognitive Dissonance
Cognitive Dissonance's picture

My dad made a pair of speakers (including the mahogany cabinets) with his own hands when I was a young pup and I took them over when he died. He said they could handle 500 watts each, but I've never pushed them that hard. One of the woofers has a small (age?) crack and I'm looking around for a replacement pair.

They don't make them (woofers) like they use to.

Tue, 02/22/2011 - 12:03 | Link to Comment Clampit
Clampit's picture

What drivers then; Dyne, Vifa, Seas, Morel? Your dad probably had a copy of the Loudspeaker Design Cookbook...

I have a set of NOS early-90's Morel 3 way w/ custom Solen x-over that I'm probably never going to use - surrounds and spiders are excellent but I expect the ferrofluid is drying up.

Tue, 02/22/2011 - 13:18 | Link to Comment Irwin Fletcher
Irwin Fletcher's picture

I've heard good things about eminence speakers (eminence.com).

Tue, 02/22/2011 - 13:28 | Link to Comment Cognitive Dissonance
Cognitive Dissonance's picture

Thanks for the tip. My Dad was a master craftsman in every sense of the word. I'm just a wanna be that's too busy with other things to get too involved in the details other than to turn up the volume and enjoy the zero gravity field. The speakers were built in 1962 and are well past their prime. But they are priceless to me so I will maintain them as best I can.

Tue, 02/22/2011 - 13:41 | Link to Comment Irwin Fletcher
Irwin Fletcher's picture

Tight 50 yr old mahogany cabinets are valuable and worth preserving. Well maintained mahogany guitars of that age are quite expensive because the wood's acoustic properties improve with age, and I doubt it's much different for speaker cabinets

Tue, 02/22/2011 - 15:16 | Link to Comment bulldung
bulldung's picture

Steve Lavezo, Denton,Texas,master carpenter makes custom speakers if anyone really wants them.CD, thanks for your continued contributions to the knowledge base of ZH.Bulldung

Tue, 02/22/2011 - 23:16 | Link to Comment StychoKiller
StychoKiller's picture

Made these 3-way loudspeakers myself...

http://www.frontiernet.net/~jimbot/loudspeakers.htm

 

Tue, 02/22/2011 - 11:25 | Link to Comment Council of Econ...
Council of Economic Terrorists's picture

My father works for Harman.

Tue, 02/22/2011 - 11:40 | Link to Comment Cognitive Dissonance
Cognitive Dissonance's picture

Sadly the new Harman is not the same as the old Harman. But nothing else is as well so I'm just an old fool crying on my tube amplifiers.

Tue, 02/22/2011 - 11:59 | Link to Comment Council of Econ...
Council of Economic Terrorists's picture

And that isn't a coincidence.  They shifted much of their focus to automotive since they landed huge contracts with asian and european automakers.  My father would be the first to admit that consumer division has gone to hell.

Tue, 02/22/2011 - 11:32 | Link to Comment Newsboy
Newsboy's picture

Harmon Kardon Citation-2, my first tube amp. I drove Acoustat-4s with it, tricked that amp out with so many tweaks, then got into horns and low powered single-ended triodes. It's all good...

Tue, 02/22/2011 - 10:30 | Link to Comment UGrev
UGrev's picture

Tyler, you sold your recipe to Ragu?  You're gonna be rich!!!

Tue, 02/22/2011 - 10:32 | Link to Comment Confused
Confused's picture

Thanks for the laugh! 

Tue, 02/22/2011 - 10:31 | Link to Comment Misean
Misean's picture

I'm not sure where they get THEIR chickens, but my entrail reading this morning indicates extended squishiness.

Tue, 02/22/2011 - 10:32 | Link to Comment Uncle Remus
Uncle Remus's picture

At least he didn't say "fucking"

It goes without saying.

Tue, 02/22/2011 - 10:32 | Link to Comment Ralphie
Ralphie's picture

Oh my God didn't you hear a fucking word I said? Just buy the fucking dip. If you don't you are a fucking idiot. Buy the fucking dip.

Tue, 02/22/2011 - 12:09 | Link to Comment redpill
redpill's picture

+QE

Tue, 02/22/2011 - 10:32 | Link to Comment HedgeFundLIVE
HedgeFundLIVE's picture

...wow that's bold. or inane.
personally, my expectations for today. let's just say i'm not going to "BUY the dip":

http://www.hedgefundlive.com/blog/tuesday-market-expectations-from-jeremy-frommer-7-reasons-the-stock-market-is-suffering-from-narcissistic-personality-disorder

Tue, 02/22/2011 - 10:33 | Link to Comment Kaiser Sousa
Kaiser Sousa's picture

im goin all n...

bullets and Silver that is...

Real money bitchez.....

Tue, 02/22/2011 - 10:44 | Link to Comment Dr. Engali
Dr. Engali's picture

I hope you have your beans and band aids too.

Tue, 02/22/2011 - 12:23 | Link to Comment redpill
redpill's picture

Not just a bandage, make it breakfast!
http://www.baronbob.com/baconandeggsbandages.jpg

Tue, 02/22/2011 - 10:34 | Link to Comment LongSoupLine
LongSoupLine's picture

Merrill must have picked up the Bernank red phone this morning.

Tue, 02/22/2011 - 10:36 | Link to Comment Fox-Scully
Fox-Scully's picture

Is the Dip the buyer? Perhaps then it should be DipSh*t.

Tue, 02/22/2011 - 10:35 | Link to Comment nonclaim
nonclaim's picture

Somehow it connects with the unwinding in Italy... Borsa Italiana can safely open now that Merrill clients, blissfully ignorant but "sophisticated" investors, will gobble up everything.

Tue, 02/22/2011 - 10:39 | Link to Comment Caviar Emptor
Caviar Emptor's picture

Poor lemmings! Just as equity mutual fund flows turned positive. 

QE2 was balls to the wall. QE3 will be one ball to the floor, the other to the ceiling! 

Tue, 02/22/2011 - 10:45 | Link to Comment Reptil
Reptil's picture

I have a distinct deja vu when reading your post.

And I don't know what you're saying: is it Cash, Silver or Dip?

Or a mix, perhaps? (blend and season to taste)

;-P

Tue, 02/22/2011 - 10:49 | Link to Comment The Third Man
The Third Man's picture

I suppose B o A's credit card divsion write off of another $10B has nothing to do with Merrill's need to generate more fees.

Tue, 02/22/2011 - 10:39 | Link to Comment LeBalance
LeBalance's picture

ML Ad to Its clients: Knife Catchers Wanted!

Tue, 02/22/2011 - 10:54 | Link to Comment Cognitive Dissonance
Cognitive Dissonance's picture

True story.

When I was much younger I was introduced to a self described "expert juggler" who could juggle just about anything he could grasp in the palm of his hand. He speciality was knives and coke bottles with their base broken off. High risk to say the least.

I asked him what was the most difficult part of doing such a dangerous activity.

"Complacency" was his immediate answer.

He said that he had to approach the task each time as if it was the first time because it only took one miss to cut open his wrist. Wise words from a man who dealt with real danger.

Tue, 02/22/2011 - 10:40 | Link to Comment Josh Randall
Josh Randall's picture

Cramer, Liesman, and Hamey/Harry are onboard with this theory obviously - lets see if they can afford a computer by the time the dips stop

Tue, 02/22/2011 - 10:40 | Link to Comment John McCloy
John McCloy's picture

And folks wonder how blindly people could have just kept levering up and buying into the dot.com bubble and housing bubble.
All they way down they told you what a bargain it was same as all the way up and all the Capt. Hindsight said "well the signs were everywhere on a market collapse"
To think that anyone would even consider buying into this market that appears impervious to all news, fundamentals and perpetual baked in Fed and PD intervention is downright frightening. When it is realized Mr. market is bigger than the Fed himself it is head between your legs time.

Tue, 02/22/2011 - 10:41 | Link to Comment fragrantdingleberry
fragrantdingleberry's picture

Has the Italian market reopened? I've been long olive oil futures since last August and plan to take delivery to capitalize on the pain of AFTSFWKBTFD: Ass Fuck The Stupid Fuck Who Kept Buying The Fucking Dip.

Tue, 02/22/2011 - 10:43 | Link to Comment Dan The Man
Dan The Man's picture

----
I am the fucking dip...ask my wife

Tue, 02/22/2011 - 10:46 | Link to Comment Cognitive Dissonance
Cognitive Dissonance's picture

What does that make your wife....since she's fucking the dip? :>)

Tue, 02/22/2011 - 10:55 | Link to Comment They_Live
They_Live's picture

He said wife, not girlfriend.

Tue, 02/22/2011 - 10:43 | Link to Comment SheepDog-One
SheepDog-One's picture

Ahem....BTFD! Because no matter what else you see, the recovery is STRONG, while being 'quite fragile' whenever the topic of easing back on the printing or raising rates comes up. Rock the fuck ON, Wall St!  :D

Tue, 02/22/2011 - 10:43 | Link to Comment Hondo
Hondo's picture

Because they want to steal your assets.........again!!!  Fool you once....the second time you're a stupid ass.

Tue, 02/22/2011 - 11:00 | Link to Comment Overflow-admin
Overflow-admin's picture

"Can fool tousand people once, but cannot fool tousand times people"

Tue, 02/22/2011 - 10:44 | Link to Comment 99er
Tue, 02/22/2011 - 10:51 | Link to Comment firstdivision
firstdivision's picture

PE ratio's still on an upward trajectory...kind of like 99 again.  http://www.multpl.com/

Tue, 02/22/2011 - 10:53 | Link to Comment RobotTrader
RobotTrader's picture

So far, everyone is pre-conditioned to buy the dip.

It is the only way the PigMen can distribute stock for a few weeks, maybe months.

Tue, 02/22/2011 - 11:19 | Link to Comment Caviar Emptor
Caviar Emptor's picture

Yup

Tue, 02/22/2011 - 10:53 | Link to Comment oh_bama
oh_bama's picture

You guys are way too negative and unamerican. The tiny company CoreLogic is clearly biased and need some internet attention. What is their facebook/twitter audience size? Close to 0? What? Then make a big statement and get some!

The Recession has been over years ago!!

More american retired early, with wealth effect and low inflation expectations, and sitting in front of huge HDTVs enjoying the shows from north Africa!

 

 

Be a Patriotic person and BUY TFD!!

Tue, 02/22/2011 - 10:53 | Link to Comment apberusdisvet
apberusdisvet's picture

Ze Ponzi must continue, achtung!!!  Fraulein Blythe vill lead ze way.

Tue, 02/22/2011 - 10:54 | Link to Comment Id fight Gandhi
Id fight Gandhi's picture

Just turned on shitnbc to see them saying look, market cut its loses in half.

Boner to the brown eye all the way.

Tue, 02/22/2011 - 10:54 | Link to Comment -Michelle-
-Michelle-'s picture

So, I should buy low and then sell high?

Tue, 02/22/2011 - 10:56 | Link to Comment Cognitive Dissonance
Cognitive Dissonance's picture

Never sell. Just Buy The Fucking Dip.

Sheesh, how many times must you be told? :>)

Tue, 02/22/2011 - 11:05 | Link to Comment -Michelle-
-Michelle-'s picture

Ohhhhh.  I think I get it now...

Tue, 02/22/2011 - 11:41 | Link to Comment Cognitive Dissonance
Cognitive Dissonance's picture

How's the baby? Must be nearly a year old by now.

Tue, 02/22/2011 - 23:51 | Link to Comment -Michelle-
-Michelle-'s picture

Don't get her old before her time!  She's barely five months. :)  She's a little ball of happy.

Tue, 02/22/2011 - 22:50 | Link to Comment Matt
Matt's picture

In order for this to work, you must tell everyone you know, so they too can BTFD. Get your friends and family to BTFD. The more people who BTFD after you, the more money YOU make!

Tue, 02/22/2011 - 22:51 | Link to Comment Matt
Matt's picture

dup sorry.

Tue, 02/22/2011 - 10:54 | Link to Comment Johnny Lawrence
Johnny Lawrence's picture

Someone bought the dip in the Dow.  It's recovered about 60 points in 10 minutes.

Tue, 02/22/2011 - 10:58 | Link to Comment firstdivision
firstdivision's picture

S&P nearly recovered 10 pts off the low, but the buying seems to be decelerating as the second derivative is getting a bit mellow here.

Tue, 02/22/2011 - 10:56 | Link to Comment Cash_is_Trash
Cash_is_Trash's picture

At least we still have BTFWW3

Tue, 02/22/2011 - 11:05 | Link to Comment innsbrooklad
innsbrooklad's picture

Merrill went broke buying the dip...and when ever they said that they has stock to sell anyone....

 

ML is a useless place and has been for years.

Tue, 02/22/2011 - 11:15 | Link to Comment Id fight Gandhi
Id fight Gandhi's picture

They used to be the gold standard of brokers. Well respected. But flushed like a turd during the first wave of financial crisis.

Tue, 02/22/2011 - 11:09 | Link to Comment BenLightYear
BenLightYear's picture

Consumer confidence rising and rising, to me that 

clearly signals bad, reason being when my neighbors

who have no idea how anything works or the situation 

we face feel things are ok clearly shows just how bad

things are going to get

i understand the sarcasm of BTFD however at this point

i feel maybe the joke is done and we should be using

BTFG for those with high cash flow or BTFS for those 

like me

Tue, 02/22/2011 - 11:10 | Link to Comment Johnny Lawrence
Johnny Lawrence's picture

As a former Merrill FA, this doesn't surprise me.  When Rosenberg left, they lost any remaining shreds of objectivity. 

However, this is no different than what all the big brokerage firms are saying right now. 

Tue, 02/22/2011 - 12:19 | Link to Comment Captain Kink
Captain Kink's picture

Rich Bernstein was darn good, too.  Independant. Where did you end up?  I am now at a Swiss firm.

Tue, 02/22/2011 - 11:10 | Link to Comment BenLightYear
BenLightYear's picture

Each of us could use BTFG or BTFS to kinda show

where each of us is at...just an idea...let the junks 

begin 

BTFS

Tue, 02/22/2011 - 11:17 | Link to Comment -Michelle-
-Michelle-'s picture

BTFBeans

Tue, 02/22/2011 - 11:10 | Link to Comment sbenard
sbenard's picture

We continue the ignore-the-risk rallies. After all, we have printed prosperity now! Reality is no more!

Tue, 02/22/2011 - 11:16 | Link to Comment MrTrader
MrTrader's picture

Only a brainless Merrrill braniac can write such a WORTHLESS note. Worthles reading...

Tue, 02/22/2011 - 11:42 | Link to Comment Judge Judy Scheinlok
Judge Judy Scheinlok's picture

Would you like some hot sauce for the words you're about to eat? Rally Monkey....

Tue, 02/22/2011 - 11:16 | Link to Comment The Axe
The Axe's picture

guess what the dope is RIGHT...the market wants to go GREEN WTF....Its all good.....what crazy shit....

Tue, 02/22/2011 - 11:16 | Link to Comment Urban Roman
Urban Roman's picture

That does it, I'm loading up on Braniff Airlines!

Tue, 02/22/2011 - 11:40 | Link to Comment Just Observing
Just Observing's picture

I have some Pan Am stock I'll sell you.

Tue, 02/22/2011 - 23:22 | Link to Comment StychoKiller
StychoKiller's picture

Amalgamated Buggy Whips is gonna rise any day now! :>D

Tue, 02/22/2011 - 11:25 | Link to Comment buzzsaw99
buzzsaw99's picture

Get shorty redux.

Tue, 02/22/2011 - 11:25 | Link to Comment Groty
Groty's picture

"...also the doubling since March '09 is below the 62% move higher seen in  the 2yr's following a bear market..."

 

Since when is a doubling (100% move) below the 62% move? 

Tue, 02/22/2011 - 11:26 | Link to Comment Mad Max
Mad Max's picture

Buy the crater!

Tue, 02/22/2011 - 14:15 | Link to Comment Hephasteus
Hephasteus's picture

Land on the new madrid fault line. A buck an acre. Must have wading boots and be able to fight off angry birds looking to defend their new nesting grounds. Getting to leve 6 in the app angry birds does not help.

Tue, 02/22/2011 - 11:46 | Link to Comment THE DORK OF CORK
THE DORK OF CORK's picture

 

sorry meant to post on housing dip thread - erased

Tue, 02/22/2011 - 11:31 | Link to Comment Bruno the Bear
Bruno the Bear's picture

Here is why you should BTFD!

 

http://www.youtube.com/watch?v=jllJ-HeErjU

Tue, 02/22/2011 - 11:33 | Link to Comment 99er
Tue, 02/22/2011 - 11:53 | Link to Comment Cognitive Dissonance
Cognitive Dissonance's picture

I smell fear. The ES must recover the entire drop or people will begin to smell the weakness.

Tue, 02/22/2011 - 11:38 | Link to Comment Just Observing
Just Observing's picture

I plan to "buy the dip".....as soon as gold passes the DOW.

Tue, 02/22/2011 - 11:43 | Link to Comment Dick Darlington
Dick Darlington's picture

CONsumer CONfidence out today, rising together with oil and food. Looool! It appears that the methodology of the survey was changed. It's so simple to get what You want. If the old one is crap just change the internals to make it look good. BTFD...

Tue, 02/22/2011 - 11:44 | Link to Comment ThisIsBob
ThisIsBob's picture

Why does "buy the dip" become stupid advice this morning, when it has been good advice for quite some time?  You callin' a top?

Tue, 02/22/2011 - 11:50 | Link to Comment Ancona
Ancona's picture

Fuck the dip.....buy gold and silver. They can keep their fucking paper.

Tue, 02/22/2011 - 11:51 | Link to Comment King Durian
King Durian's picture

Ahem.. BTFD'd (buttfucked) if you continue to buy the fucking dip. You think its going to be that easy for the world to make money to just buy the fucking dip. That plan stinks just like my durian. All fruits have their ripe time gentlemen.. and this buy the fucking dip is about to go rotten.

Tue, 02/22/2011 - 11:52 | Link to Comment King Durian
King Durian's picture

Open wide and apply the KY gentlemen, get the Preparation H handy! Get ready to BTFD!

Tue, 02/22/2011 - 12:18 | Link to Comment squexx
squexx's picture

At last, some good financial advice!!!!

Tue, 02/22/2011 - 12:27 | Link to Comment tj3
tj3's picture

Time to Buy!

Dow Jones 12,296.88 -94.37 (-0.76%
Tue, 02/22/2011 - 12:30 | Link to Comment tj3
tj3's picture

Why the FUck would I do that you dumb shit mf!

GO BACK TO YAHOO WHERRE YOI BELONG!!!!!!!!!!!!!!!!!!!!!!!!!!

stupid plumper

Tue, 02/22/2011 - 12:43 | Link to Comment King Durian
King Durian's picture

A fruit like myself knows a stink when it smells one.

 

But you can go on eating the forbidden fruit and BTFD until you get BTFD'd (buttfucked)

 

Just make sure to rub some durian creme on your anus after the dip doesn't come back up and its all stuck in there.

Tue, 02/22/2011 - 13:18 | Link to Comment RichardP
RichardP's picture

It has been predetermined that we are going back up to at least 14,000 on the DJI by the 2012 elections. So it is safe to buy all dips between now and the day after the election.

Tue, 02/22/2011 - 12:32 | Link to Comment tj3
tj3's picture

"The Conference Board’s index of sentiment increased to 70.4, the highest since February 2008, from 64.8 the prior month, figures from the New York-based private research group showed today. Economists projected the gauge would be little changed at 65.5, according to the median forecast in a Bloomberg News survey."

http://www.businessweek.com/news/2011-02-22/consumer-confidence-in-u-s-i...

Sorry about the last post I forgot to use my doppel. I sure most of you here know what that is like. Won't happen again.

tj3

Tue, 02/22/2011 - 13:26 | Link to Comment Marla And Me
Marla And Me's picture

Tyler,

I know, you know, and everybody else here (even Harry and Leo) knows that the fundamentals are completely messed up.  But where is money that is chasing returns supposed to go?  I'll take the skewed fundamentals of the market any day over the unicorn fantasy that are the fundamentals of the U.S. dollar.  I'm not encouraging people to invest their hard earned capital into the stock market.  I'm just saying that I'm not sure that it will necessarily implode.

The bond market dwarfs the stock market.  When the U.S.' government sovereign debt problem really bubbles up to the surface, there is a solid argument to be made that there will be a massive squeeze into any asset of any kind, including stocks.  When the U.S. sovereign debt problem gets tossed out with the bath water, look out below. 

Tue, 02/22/2011 - 13:23 | Link to Comment Buzz Fuzzel
Buzz Fuzzel's picture

Beans, bullets and a warm dry place to sleep, preferably near a naturally potable water source.

Tue, 02/22/2011 - 18:09 | Link to Comment ATG
ATG's picture

also the doubling since March '09 is below the 62% move higher seen in  the 2yr's following a bear market....

Did anyone else note the error or typo that led to a flawed conclusion?

100% doubling is far more than 62%, ergo selling the rally might make more sense and dollars


Tue, 02/22/2011 - 19:46 | Link to Comment PulauHantu29
PulauHantu29's picture

He forgot to add the specific stocks you should buy...i.e., the stocks Merrill wants to dump.

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