- advertisements -
This never gets old: http://www.zerohedge.com/article/panic-and-loathing-sp-500-pits
Better than real life:
oh yeah, great audio! but after watching and listening to that talking dumbass Airhead Burnett for 8:48, I think I lost a significant portion of my brain cells
How is it possible for anyone that fucking stupid, oh wait, I get it, she helps make Cramer look smart.
Ha nice one.
Heard the video soon after it came out, needless to say it was the most entertaining audio file ive ever listened to
Nah. This is much better:
Notice the difference in his voice when he says "that move through the figure was nuts" ...he meant it, he felt it in his bones and thats why humans make better traders than machines. Humans might make the occasional fuck up, but atleast we know when something has gone horribly wrong.
When this ends... it ends overnight, in the blink of an eye.
Decouple yourself, but report the events to help others prepare.
I'm with you on the 'blink of an eye' thing, but this is gonna go down in broad day light. Much like a couple towers and a military nerve center did. Reality TV squared. The sheep have already been taught how to behave. Nothing to see here people. Move along.
Fucking bring it already...
Yes Sir, but we need to, must, start connecting to people around us… many are not ready for the undoing… I agree it will be in full daylight… but it happens in an instant… 1 or 2 days and all things change. Tyler, and few others have posted scenarios… all are probable… but some version is very close at hand.
I've been working on my brother for two FUCKING years! Should I just give up?! He is my flesh and blood, but dang I gave him some silver, but he has a great resume complete with a Princeton edu-MA-fucking-cation and a PhD from Carnegie Mellon University! All I got is a bunch of shiny things in my basement! I gave him one ounce for each family member. And dang I ain't gonna give him no mo.
ponder that his education has trained his mind to think in certain patterns, and any things outside those patterns are not thought.
while, perhaps, you have more room to. . . think.
maybe it will be you who saves your family - stock up your basement (foods, water, etc.) as if your lives depended on it, don't waste your energy trying to convert the minds, direct experience will be the best teacher. . . just have the basics, and your lack of surprise when it finally happens.
Ask him to read Aftershock… too many first bought this book and expected to reap profits… they missed what was stated. Prediction is like throwing copper into a fire, you know it burns in vibrant color…but which color… and for how long.
They (the authors) had a full year of lead time before print, the essence of what they saw was systematic debt default, followed by currency default. On debt default, it’s hard to argue this is not major issue, on currency default; the race to bottom is in the charts.
Remember this, you’re brother is…and will always be… and it will be difficult on even the prepared… Love him and help him…
One thing about Aftershock, it ends right for all… in that we do change into something that works. IN many way’s it’s the American approach and it is the conviction that exists nowhere else.
ask him to look at the chart of the dow for 1928 to 1935 and then at the one for american barrick.
watching this made my head hurt.
Watching this made me happier than a ------ with an AK!
That is why if you are invested in the stock market, do not use stops. It would also help to not be concentrated in any one stock.
100% correlation... means one thing… don’t enter. This is why the retail side left, for months and months. The train wreck is known by, to borrow a phrase “The game is a foot”…
Yep. Scared shitless... all I hear all day. From noobs to vets... scared shitless.
Yes Sir... there was a time a short position made money, and a long position did not... when a bear roamed.. A few here have traded a short position that was spot on.. knowing it was right... then watched, and covered. I know the short numbers are huge, but something is very wrong. Not when we see 1400 to 1.
The current run up is just that... this all breaks soon. Not becuase I say it does, but because it no longer makes any sence... I buy bars... each month, and ammo.
Ain't October yet, is it? thoughts of '29, '87. I'm not that smart, but damn... WTF? And elections? Like that matters... amazes me how often I hear that. How long has it been since that effected TPTB?
And dude, I so didn't junk you.
Even that old hag at JP Morgan said her employees where "Scared Shitless" because of an "elemental mistake" in their COMMODITIES DIVISION!
Commodities my ASS! It was the SILVER they were scared shitless about! Dang nearly gave me a heart attack to read that the JP Morgan was "pissing their panties!".Bout time too!
I am afraid that if you are short when the market crashes instead of making a bundle, you may not get paid at all.
No shit, some sort of emergency powers.
Oracle and FED, I believe you are both completely correct.
With the correlations so tight now, I think it is imperative to act in a similar way to smart Oracle: bought productive land in Peru with water onsite. Now THAT is diversification (babiez)!
Can't do that? If you do not own gold, that is Step 1.
Diversification. Flexibility. Alertness. The three keys to getting through this.
Good plan. I second that. Costa Rica, gold and call it another good day at the office with a margarita.
Jim Rodgers was saying the same thing in 1989 when the Japanese mkt was about to hit 39,000. He just warned to all to not wait too long to take your profits when the crash comes because they could change the game rules on you.
Define "paid".... Zimbabwe PAID all their debts.
Getting paid ain't settlement. Zimbabwe paid its creditors, the creditors were paid in an irredeemable currency. They couldn't get squat from the country that issued it. Sound familiar?
90% tax on all profits made by shorting........
I can see it now!!!!! Obama rescues middle class by going after those nasty "truthers".
A replay of that day is not complete without Ben Lichtenstein's call of the PIT.
Oh yeah, May 6 was Gordon Gekko's birthday in Wall Street. The day Bud Fox bagged the elephant.
Was that Brian Sacks (?) guy getting a Starbucks at the time? I was out of the office and (sadly) largely missed it. What ineptitude for the reporting though. The thing moved 600 points in a couple minutes and they're just chewing the cud. Yea, they can't panic, but wow.
Bring the reset on...
It is truely amazing how the cheerleaders are able to pull excuses out of their asses on the fly for a 10% market drop in ten fucking minutes. If they were on the Titanic when the ass end of the ship was underwater, they would say "at least the bow is still above water, how about that iceberg we hit earlier today?"
FEDbuster - Hilarious, "bow still above water"! Yes, truly amazing to see Erin huff and puff and blow so much hot air trying to reinflate the burst balloon. For a little squirt, she sure can be a giant blowhard.
Airhead Burnett is whatever is dumber than an imbecile. If she didn't have a pussy, we'd hunt her for sport. Metaphorically, of course.
How do we get from this to hedge fund managers 4 months later saying the market is a double sided coin with win on both sides for the bulls?
.... and the song went a little bit like this:
SNOWBALL NET: Snowball Net comms check. All stations, clock sync, (pause) impact at minus 146 days, 5 hours UTC. Standby for ACC link (could have been ACD).
Burst of digital data|
Burrow: SNOWBALL This is BURROW (could be Burro as in donkey). You are not secure| repeat not secure | go green | go green
Interesting timing for this post.
Tis the season...
Did you notice the flash crash in the $RIFIN? I know it's an index, sir, but I think I am starting to get concerned about the urine content of the clam chowder around here, and I think I just saw something strange in a VHS Bambi tape as well.
Let Em Push You Around
When they unleash the hounds next time, it's gonna stick.
Market Cap Loss: $1.5 Trillion
Constipated Look on Cramer's Face: Priceless...
God I love that audio.. I sit there and smile for some odd reason.
can't help it.
I was there, buddy on the phone. It was front row excitement.
S&P 500 FINANCIALS INDEX - an important chart:
That was a hell of a day.
Let the good times roll!
The day Skynet became self aware.
The commentators hardly even react. Amazing. No surprise or screaming from them at all despite the massive drop. Guess they took their meds that day.
You want to see panic?
Heres one of my favorites:
I especially love the Ron Burgundy response of the other guy.
Explain your handle
I would guess minus 273 degrees Celsius, the temperature known as absolute zero, when all movement ceases.
Tips: tips [ at ] zerohedge.com
General: info [ at ] zerohedge.com
Legal: legal [ at ] zerohedge.com
Advertising: ads [ at ] zerohedge.com
Abuse/Complaints: abuse [ at ] zerohedge.com
Advertise With Us
Make sure to read our "How To [Read/Tip Off] Zero Hedge Without Attracting The Interest Of [Human Resources/The Treasury/Black Helicopters]" Guide
How to report offensive comments
Notice on Racial Discrimination.