Paul Farrell's 10 Reasons Not To Buy Stocks Until After The Next Market Crash

Tyler Durden's picture

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Clapham Junction's picture

Good read, I agreee with it 100%.

I'm 100% sure it's true.


Get it?  BTW, 20% is too low a figure, it will be more like 85%.

masterinchancery's picture

The notion that privatizing SS is dumb is....stupid. Privatizing doesn't, and probably shouldn't, involve equity investments, but it does involve controlling your own funds, which ultimately will be the only way you get the money you earned from a desperate Ruling Class.

trav7777's picture

privatizing SS would deprive the government of its biggest cash cow.  It's not as if they haven't SPENT every dollar in surplus.  Other nations have SWFs, we have pork and diversity.

Voluntary Exchange's picture

Entirely agree (along with 95%+ of population) for no bailout for wall street.  But letting an organized crime syndicate (government) tax anybody is a recipe for slavery.  What you send out you will receive in time. Why can't people who want to "stick it to the rich" learn this basic lesson of reality? Let "voluntary
exchange" be your motto!

chopper read's picture

because, people want to help the poor by giving them more company. 


no debt-based money, no bond market.  no bond market, no front-running.

Fred G Sanford's picture

How about they give me back all the money I have paid into Social Security and I will privatize it?

redpill's picture

They can keep every penny I've already paid in if they would agree not to ever tax me for it again.

Oh regional Indian's picture

How about they me back all the money I paid into SS knowing full well I will never be a recipient of it?

Many folks do not know that most legal immigrants (like I was), pay into the exact same deduction set that a citizen pays.

And by the way, in classic dog follow master style, India's pension funds were given to three large, corrupt finance con-glomerates,to invest for "greater prosperity for your golden years".


Every time I speak to people here, I try to point out the play by play, how it resembles exactly what happened and is happening in the US in particular and the west in general, and all I get is mostly glazed stares and stupid statements like "well, poor people have TV now, isn't that amazing?".

Everything said in this newsletter is true for India, with probably far worse consequences because the populace at large is currently drunk on consumption.

The hangover is going to be U-g-l-y!


Frankie Carbone's picture

Will they skip the country or will we have a chance to get medieval on their asses?

JonNadler's picture

privatize Social Security?

They're trying to nationalize private pensions, it's the other way around?


And yes you can't eat gold or silver, they're going down to 200 and 1.57 respectively. Sell now!

firstdivision's picture

So how did this make it onto  I didn't read anything that said to be bullish in the near-term.

Randall Cabot's picture

He's their token doom-and-gloomer.

chopper read's picture

nothing lifts my spirits like a good doom-and-gloom report!  

Shameful's picture

Hmm I prefer a smile from a lovely young lady, but to each their own :)

chopper read's picture

wish i knew what you were talking about. 

Voluntary Exchange's picture

Yep, that does it for me too!

RockyRacoon's picture

So how did this make it onto

You are obviously not well-read.  Farrell has been a regular for years.

Expand your horizons!

duo's picture

“Much of what investment bankers do is socially worthless.”

That is being too nice. 

1.  Selling something that doesn't exist.

2. Selling the same thing to multiple people at the same time.

3. Misrepresenting something (risk) to misprice it.

4. Insuring a third party's property then burning it down.

I have more respect for the guy with 3 cups, a ball, and a card table on the street corner.

markmotive's picture

Agreed. Financial intermediaries have transformed from facilitators of commerce to commerce itself, leaving a very warped US economy.

Ripped Chunk's picture

"socially worthless"

There is a big jump from this "term" to what they actually do which is destroy society.  Time to put these folks down in the name of progress. Christmas Eve when they are leaving "church" services sounds like good timing to me.

Cheesy Bastard's picture

Or the guy with 3 balls and one extra large cup.

TruthInSunshine's picture

Now on ABC World News Nightly's Money Segment (sponsored by Charles Schwab):

Lester Holt: Stocks lost a little momentum today, and bonds sold off, too. For more on this, we're bringing in our resident Wall Street & Financial expert, James Cramer, to help us understand what is going on.

Thanks for joing us, Jim.

James Cramer: Good to be on, Lester. Thank you.

Lester Holt: What is happening out there, Jim?

James Cramer: Basically, this is a non-event. The economy is firing on all cylinders now, and Bernanke totally nailed it with his '60 Minutes' appearance, where he totally like convinced everyone, and for good reason given his track record of total success, that he is going to make sure we grow GDP at about 63% this year, and we'll have a budget surplus within 6 months, on top of all that.

Lester Holt:  So today's selling was a little pre year end profit taking?

James Cramer: Exactly, Lester. Just buy the fuc...err...I think everyone agrees that there's some tax planning and other dynamics that were the theme today, but this is one strong market, set to explode higher, based on the most solid economic fundamentals that we've ever seen, or have seen in at least 18 days.

Lester Holt: That's great news! So maybe I should think about picking up some cheap Apple or Netflix stock tomorrow? Haha!!

James Cramer:  Exactly, Lester. Or Amazon. Or Crocs. Or Seagate. These are the stocks you want to be in. Just buy the fucking dip, okay?

Lester Holt:  Pardon me, and I apologize to the viewers, but we seem to be having some audio and technical problems...thanks for being on, Jim Cramer.

James Cramer: (in a still very audible, non-technically impaired voice): Look man, strong hands to weak hands. Sheeple shearing time, okay? There is no way these shitbag stocks on this fucking infected festering udder of a cow's tit market are remotely justified at even half these valuations, okay? I got mistresses and shit, and I got a bad nose candy habit..I got kids in private school, and baby needs a new pair of shoes, and New York is fucking expensive, you know what I mean, and in fact, I'm jonesing for some blow right now becau....{screen fades to black}

Lester Holt: Okay everyone, that was James Cramer, and we're obviously having some technical problems. Now a message from TD Waterhouse.

Ripped Chunk's picture

Lester Holt: "Jim, it has taken me a long time to get the courage to say this, but could you let me give you a blow job in the green room? It would really mean allot to me. You must understand the courage it took to reveal my feelings"

Ted K's picture

+1000 and one free ticket all you can eat buffet at CNBC's 1st annual "Butt Buddy Symposium for Hucksters".

QQQBall's picture

The 2011 buffet will be sponsored by Uncle Warren and Berkshire.  Charlie Munger says bring your own dessert sucker. 

malusDiaz's picture

(1) James Cramer reads Zero Hedge and says {Angry Sounds}

merehuman's picture

i love sunshine. ha ha lol i sure got a good laugh out of that. still chuckling. many thanks.

DoChenRollingBearing's picture

I ain´t buying nothin´til I´m back in ´merika.  And not stocks neither.

Maybe a little gold & silver.

velobabe's picture

hey dochen, you should check into WB7 latest article on McCarthyism.

he has a document by:

The Timken Roller Bearing Company

Canton 6, O hi O

don't know date, probably 50's

Roller Bearing business apparently was big back then, and profitability.

HST = McCarthy long live

B A N Z A I....... seven

DoChenRollingBearing's picture

MUCHAS GRACIAS velobabe, I´ll go track it down.

CORRECT that the bearing business is not like it was.  Now it´s practically an oligopoly.

HungrySeagull's picture

I have a google book going back to about 1914 that showed Ball Bearings in particular and the Industry in General. It was BIG. REAL Big!

So big that the Germans were able to buy the tooling and necessary learning to make thier own ball bearing works which were by necessity bombed into oblivion and still they kept making the stuff.

There was a Richmond works where I used to run bearings out of and those things were mighty purty.


Tis a shame that we cannot employ 1000 in a Bearing works, just write a work order to India for a few containers of the stuff for March Delivery. That only takes a few workers.

Oh regional Indian's picture

hey Hungry,

Funny thing is that the bearing order to India will be routed to a Chinese manufacturer, duly stOmped Made and India and trans-shipped via India to your port of call.

I'm here, on ground and can tell you that china makes most of the "stuff" for India too.

Heard of Ali Baba and the 40 Thieves?

Then try alibaba.con

It's quite sad actually.


Bearster's picture

While this article was larded up with some facts, the piece as a whole reads as a screed for government controls.  It pushes the real agenda of "the banksters", Congress, and other ne-er do wells: increase, always increase, the power, size, and scope of the State.

For the record, today's system of regulation, fiat currency, central banks, high-profile Congressional inquiries, lobbying for more protections, etc. is *fascism*.  Mussolini would be proud.

The antidote is not yet more regulation, more enforcement actions, and more litigation.  It is to repeal all of the insane policies, regulations, court precedents, central bank mandates, etc. that make this crooked game even possible.

Parasites cannot exist in a free market.  In order to earn a profit where the counterparty has a choice to do business, or not, or to work with your competitor, you have to *add* value.

Mad Max's picture

No, the real antidote is to hurry up and get on with the collapse that we all know is coming.  The US is far too big and works only for the benefit of a tiny number of elites.  This is how most empires and in fact most societies run to their natural end stage.

The US is collapsing all around us.  The only questions are how fast the collapse will proceed and how.  The long drawn-out collapse benefits the elites while doing only more harm to the rest of us.

Herd Redirection Committee's picture

Well, in an ideal world the regulations would be repealed, but clearly in the world we live it it will take collapse for all the regulations to be annulled.  And then the economy will start to recover, and maybe America will be re-industrialized.

I read a news story they stopped kids selling lemonade on the side of the street.  'Nuff said.  What did those kids learn from that?  Do what the gov't says, be dependent on the gov't, and don't get any 'bright ideas' about entrepreneurship or self sufficiency!

PsychoNews: Exposing the Oligarchy, one Psycho at a time.

cxl9's picture

The antidote is not yet more regulation, more enforcement actions, and more litigation.  It is to repeal all of the insane policies, regulations, court precedents, central bank mandates, etc. that make this crooked game even possible.

Agreed. The problem, of course, is to distinguish "bad laws" from "good laws" since every law benefits some people to the detriment of others. Easiest solution is to just start repealing laws one by one, working backwards from the most recent one passed. Stop when you get to the year 1912 or 4% unemployment, whichever comes first. And close the law schools for a generation just for good measure. We got enough lawyers. Better yet, convert all the law schools to free institutions teaching only Chinese law. Let's ship a few million lawyers over there to wreck their country.

PuppetRepubl1c's picture

"The antidote is not yet more regulation, more enforcement actions, and more litigation.  It is to repeal all of the insane policies, regulations, court precedents, central bank mandates, etc. that make this crooked game even possible."

"Easiest solution is to just start repealing laws one by one, working backwards from the most recent one passed. Stop when you get to the year 1912 or 4% unemployment, whichever comes first."

I agree with your sentiment but laws (as in court precedence) don't just get "repealed".  The only way this has happened historically was with a complete dissolution of the government, as in revolution.

chopper read's picture

too funny!  too perfect!!

Violetta's picture
Violetta (not verified) Bearster Dec 8, 2010 12:10 AM

No, fascism was when they rounded up millions of innocent people and gassed them.

This is different.  We need to invent a new name.

Flakmeister's picture

No that was nazism... Mussolini and Franco were fascists, though admittedly Mussolini was a toadie to Hitler..

The name you are looking for is Corporatism, i.e. a weaker form of fascism

UncleFester's picture

You will have to define weaker in that statement.

Teaser's picture
Paul Farrell's 10 Reasons Not To Buy Stocks Until After The Next Market Crash


Wait, I thought we bought now, and sold after the crash.  Now I am fully confused.

cosmictrainwreck's picture

no, dude, you're in the wrong thread....go over to GS site