Portuguese President Prepares To Accept Jose Socrates' Resignation; Government Collapse Imminent

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Wed, 03/23/2011 - 14:40 | 1091388 John Law Lives
John Law Lives's picture

That should be good for a +100 close on the Dow Jones.  If an asteroid hits the Earth, we could see +1,000.

Wed, 03/23/2011 - 14:41 | 1091401 Id fight Gandhi
Id fight Gandhi's picture

Astroids have gold in them. That would drive down gold and put more money into Netflix.

Wed, 03/23/2011 - 14:48 | 1091461 snowball777
snowball777's picture

Really? How much? Every one?


Thu, 03/24/2011 - 04:17 | 1094160 Yen Cross
Yen Cross's picture

X oplanets.

Wed, 03/23/2011 - 14:54 | 1091502 Arch Duke Ferdinand
Arch Duke Ferdinand's picture

""Astroids have gold in them. That would drive down gold and put more money into Netflix.""


Wed, 03/23/2011 - 14:57 | 1091511 bbq on whitehou...
bbq on whitehouse lawn's picture

I dont know about astroids, but Mars, Mercury, Venus and even the Moon have some gold and silver.

We could finance a ship and crew for under 1 billon.  First come first serve.

Wed, 03/23/2011 - 15:05 | 1091555 hedgeless_horseman
hedgeless_horseman's picture

What about Uranus?

The tola is an Indian unit of weight. The most popular gold tola bar is the 10 tola, equivalent to 3.75 oz or 116.64 g. Its gold purity is normally 99.9%. 10 tola bars are traded mainly in the Middle East and Indian Subcontinent.  10 tola bars are distinctive in two ways. They have smooth, rounded edges and, in the past, were an ideal size for smuggling, inside

a smuggler’s body, if necessary. Most have no serial numbers.

Wed, 03/23/2011 - 15:05 | 1091570 A Man without Q...
A Man without Qualities's picture

The most popular tola in India is made of Charas...


Wed, 03/23/2011 - 15:22 | 1091645 DosZap
DosZap's picture

Well, god luck getting past the TSA X Ray machine that is emitting 100x's their posted dosage.

Gold up your ass or not........it will see it.Even baggie stuffers are hard pressed now to get thru.

Wed, 03/23/2011 - 15:16 | 1091559 hedgeless_horseman
hedgeless_horseman's picture

While you are checking Uranus, look for a string dangling out, as it may be attached to 1 or 2 Baht doughnut bars from Thailand. 

If you come up empty, check that Swiss guy in Hong Kong, the one with the ponytail who hangs out at the spas in Mongkok, as he looks to be a sure thing.

Wed, 03/23/2011 - 15:19 | 1091639 WALLST8MY8BALL
WALLST8MY8BALL's picture

Thank you for finally explaining String Theory to me!

Wed, 03/23/2011 - 15:47 | 1091786 PY-129-20
PY-129-20's picture

Yes, and Gold can be produced. Just ask your local Alchemist. Transmutation of lead into gold? In 15 minutes.

Wed, 03/23/2011 - 14:42 | 1091407 Fidel Sarcastro
Fidel Sarcastro's picture

Indeed!  According to all of the Keynesian professors & analysts (and CnBS economists) a mega-asteriod would be quite bullish.

Wed, 03/23/2011 - 14:51 | 1091485 youngman
youngman's picture

and housing would jump because of the need for new housing let along the new land available for building...

Wed, 03/23/2011 - 14:59 | 1091524 bbq on whitehou...
bbq on whitehouse lawn's picture

Thats great news!  We have one incoming in 2014.  Maybe we could snag it or maybe it will snag us :)

Wed, 03/23/2011 - 14:46 | 1091437 SheepDog-One
SheepDog-One's picture

Remember to put it in context though as the DOW is really a Chinese index.

Wed, 03/23/2011 - 14:50 | 1091457 Dr. No
Dr. No's picture

Put your faith in the Tao

Wed, 03/23/2011 - 14:51 | 1091469 snowball777
snowball777's picture

The Dow that can have faith put in it is not the true Dow.

Wed, 03/23/2011 - 14:56 | 1091512 Dr. No
Dr. No's picture

You are right, put your faith in the Dow, not the Tao.

Wed, 03/23/2011 - 15:50 | 1091792 Wynn
Wynn's picture

The dow that can be told
is not the eternal Dow

Wed, 03/23/2011 - 14:55 | 1091499 moldygoat
moldygoat's picture

22 points away!

Wed, 03/23/2011 - 15:06 | 1091565 mdwagner
mdwagner's picture

Computers would keep driving up the market even if all human beings were exterminated.

Wed, 03/23/2011 - 15:08 | 1091577 Bazooka
Bazooka's picture

The many comments like yours where current events don't explain the current market movements....they are all based on a surprise that amidst bad news, the markets move up.

This is linear extrapoloation and the same will occur when markets will plunge with no bad news.

Social mood is what drives the markets and it's not linear nor statistical. Social mood is random but patterned.

If Wave C did end at S&P 1344, then the current onset will mean that huge plunges in the market lie ahead, many of these plunge days could be with no bad news.....

Wed, 03/23/2011 - 15:18 | 1091636 John Law Lives
John Law Lives's picture

Thanks for the psychology lecture.

The stock market has been moving up because The Fed has gunned the M2 supply and speculators are taking advantage of the artificially created conditions.

Wed, 03/23/2011 - 15:25 | 1091667 Catullus
Catullus's picture

Market plunges are a linear extrapolation of selling?

Wed, 03/23/2011 - 15:29 | 1091694 explodinghead
explodinghead's picture

Whatever Pretcher.

Wed, 03/23/2011 - 15:37 | 1091724 SheepDog-One
SheepDog-One's picture

No assclown, Bens 'cntrl/print' key is what drives the markets. End of story case closed.

Wed, 03/23/2011 - 16:29 | 1092047 Dr. No
Dr. No's picture

Not completely true.  When ben is blathering at a conference away from his computer, the Algos drive.

Wed, 03/23/2011 - 15:31 | 1091693 Piranhanoia
Piranhanoia's picture

"Element 79" Fred Hoyle

Wed, 03/23/2011 - 15:41 | 1091755 Alea Iacta Est
Alea Iacta Est's picture

Go Long on Bruce Willis?

Wed, 03/23/2011 - 14:41 | 1091394 Tortfeasor
Tortfeasor's picture

The fair is in town.  The carneys are selling Irish CDS for cheap. Counterparty risk seems on par with BoA.

Wed, 03/23/2011 - 14:42 | 1091400 Duuude
Duuude's picture

Where's Glaucon ?

Wed, 03/23/2011 - 14:42 | 1091409 tickhound
tickhound's picture

The perma-bulls have replaced the "eternal growth model" with "wreck and rebuild"

Wed, 03/23/2011 - 14:51 | 1091478 snowball777
snowball777's picture

I was thinking "Wreck and Reinsure", like that nightclub owner with a bookie's enforcer on his tail and a bunch of matches.

Wed, 03/23/2011 - 15:03 | 1091550 tickhound
tickhound's picture

once again... vividly well put

Wed, 03/23/2011 - 14:44 | 1091410 vote_libertaria...
vote_libertarian_party's picture

Why is this a big deal.  The ECB will just throw some funny money at them and it's FIXED (well....for a few more months)


tink tink tink (the sound of another can being kicked)

Wed, 03/23/2011 - 14:45 | 1091421 Lord Welligton
Lord Welligton's picture


Let's hope Spain follows and the ECB/German madness ends.

Wed, 03/23/2011 - 14:48 | 1091439 long juan silver
long juan silver's picture

What? Are they pulling out of the Libyan collation also?

Wed, 03/23/2011 - 14:44 | 1091422 John McCloy
John McCloy's picture

Markets surge on non payment of debt to bankers.

Wed, 03/23/2011 - 15:02 | 1091546 AccreditedEYE
AccreditedEYE's picture

Markets surge on more issuance of the ECB's Super CDO program. Who in their right mind buys this crap when you can buy the sovereign German or French paper instead? These institutions are exposing themselves to more risk, not less... (buying the entire union vs. just quality) while at the same time moving farther away from the direct repayment source. Such garbage.

Wed, 03/23/2011 - 14:46 | 1091427 SheepDog-One
SheepDog-One's picture

'Better n expected' Im sure and certainly 'priced in' no doubt...good for 200 flash dash on the DOW? Heh heh, enjoy while the charade lasts, it wont be long.

Wed, 03/23/2011 - 14:45 | 1091428 long juan silver
long juan silver's picture

Meanwhile the DJI is up 60.

No sign of intelligent life here.

Wed, 03/23/2011 - 14:53 | 1091493 John Law Lives
John Law Lives's picture

Yeah, I guess the lowest monthly total in new home sales on record (dating back ~50 years) is bullish.

Wed, 03/23/2011 - 14:55 | 1091497 snowball777
snowball777's picture

And the EUR/USD just...hoverglides.


Wed, 03/23/2011 - 19:02 | 1092667 unununium
unununium's picture

Heaven only knows the mischief made by freshly printed EUR,JPY,USD.

Wed, 03/23/2011 - 14:46 | 1091429 Caviar Emptor
Caviar Emptor's picture

Excellent: more biflationary news! The ECB rescue package will simply reinforce what's already happening: raising the value of paper and deflating real economic activity. All those predictions I've made here on ZH have come true even here in the US: look at today's housing news in the face of surging oil and raw materials. Look for more of the same until the Jasmine Revolution spreads to the US. 

Wed, 03/23/2011 - 14:50 | 1091458 SheepDog-One
SheepDog-One's picture

No revolution in the US until McDonalds discontinues food stamp acceptance on chikin Mcnuggets.

Wed, 03/23/2011 - 14:55 | 1091495 Caviar Emptor
Caviar Emptor's picture

Trouble is the price of 1 McNugget will be more than a weekly salary

Wed, 03/23/2011 - 15:04 | 1091567 primalplasma
primalplasma's picture

I didn't know that McDonalds accepts food stamps. I actually think that this is the future. ...McDonalds and Taco Bell as government sponsored food distributors.

Put your money on MCD!

Wed, 03/23/2011 - 15:39 | 1091735 SheepDog-One
SheepDog-One's picture

Primalplasma theyve been accepting food stamps for quite a while, go in and see!

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