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Replaying The Flash Crash

Tyler Durden's picture





 

Just because it was less than half a year ago, and just because it is certain to occur again, and just because so many have already forgotten what that "end of the world" feeling was like and are back to collecting pennies in front of an out of control rollercoaster, here is, once again, the historic CNBC footage from May 6, in the minutes leading to the 1,000 point drop on the Dow Jones, when the Fed lost all control. Hopefully this will remind all those who are supposed to fix the market, yet continue to merely enforce the interests of those who brought the market to this pathetic state, just how many tens of trillions of dollars are at stake.

courtesy of Nanex

 


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Tue, 09/28/2010 - 00:18 | Link to Comment Verum
Tue, 09/28/2010 - 00:23 | Link to Comment flacon
flacon's picture

Better than real life:

 

Market Crash – video with live S&P pits audio 

http://www.youtube.com/watch?v=WmpNTtQu8E4

 

Tue, 09/28/2010 - 04:09 | Link to Comment rapacious rachel wants to know (not verified)
Tue, 09/28/2010 - 04:57 | Link to Comment ZeroPower
ZeroPower's picture

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

Tue, 09/28/2010 - 07:01 | Link to Comment Freewheelin Franklin
Freewheelin Franklin's picture

Nah. This is much better:

 

http://www.youtube.com/watch?v=B808tB5vmKM

Tue, 09/28/2010 - 11:46 | Link to Comment scratch_and_sniff
scratch_and_sniff's picture

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.

Tue, 09/28/2010 - 00:14 | Link to Comment A Clear thinker
A Clear thinker's picture

Tyler,

When this ends... it ends overnight, in the blink of an eye.

Decouple yourself, but report the events to help others prepare.

Tue, 09/28/2010 - 00:39 | Link to Comment Glass Steagall
Glass Steagall's picture

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...

Tue, 09/28/2010 - 00:50 | Link to Comment A Clear thinker
A Clear thinker's picture

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.

Tue, 09/28/2010 - 01:13 | Link to Comment flacon
flacon's picture

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. 

Tue, 09/28/2010 - 01:18 | Link to Comment Cathartes Aura
Cathartes Aura's picture

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.

Tue, 09/28/2010 - 01:24 | Link to Comment A Clear thinker
A Clear thinker's picture

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.

Tue, 09/28/2010 - 05:07 | Link to Comment jeff montanye
jeff montanye's picture

ask him to look at the chart of the dow for 1928 to 1935 and then at the one for american barrick.

Tue, 09/28/2010 - 00:17 | Link to Comment Buckaroo Banzai
Buckaroo Banzai's picture

watching this made my head hurt.

Tue, 09/28/2010 - 01:14 | Link to Comment flacon
flacon's picture

Watching this made me happier than a ------ with an AK!

Tue, 09/28/2010 - 00:19 | Link to Comment Trifecta Man
Trifecta Man's picture

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.

Tue, 09/28/2010 - 00:24 | Link to Comment A Clear thinker
A Clear thinker's picture

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”…

Tue, 09/28/2010 - 00:28 | Link to Comment Glass Steagall
Glass Steagall's picture

Yep. Scared shitless... all I hear all day. From noobs to vets... scared shitless.

Tue, 09/28/2010 - 00:42 | Link to Comment A Clear thinker
A Clear thinker's picture

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.  

Tue, 09/28/2010 - 01:22 | Link to Comment Glass Steagall
Glass Steagall's picture

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.

Tue, 09/28/2010 - 01:17 | Link to Comment flacon
flacon's picture

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!

Tue, 09/28/2010 - 00:22 | Link to Comment Oracle of Kypseli
Oracle of Kypseli's picture

I am afraid that if you are short when the market crashes instead of making a bundle, you may not get paid at all.

 

Tue, 09/28/2010 - 00:34 | Link to Comment FEDbuster
FEDbuster's picture

No shit, some sort of emergency powers.

Tue, 09/28/2010 - 01:12 | Link to Comment DoChenRollingBearing
DoChenRollingBearing's picture

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.

Tue, 09/28/2010 - 06:21 | Link to Comment gwar5
gwar5's picture

Good plan. I second that. Costa Rica, gold and call it another good day at the office with a margarita.

Tue, 09/28/2010 - 01:10 | Link to Comment frankTHE COIN
frankTHE COIN's picture

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.

Tue, 09/28/2010 - 01:17 | Link to Comment flacon
flacon's picture

Define "paid".... Zimbabwe PAID all their debts. 

Tue, 09/28/2010 - 03:04 | Link to Comment Al Gorerhythm
Al Gorerhythm's picture

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?

Tue, 09/28/2010 - 09:27 | Link to Comment curbyourrisk
curbyourrisk's picture

90% tax on all profits made by shorting........

 

I can see it now!!!!!  Obama rescues middle class by going after those nasty "truthers". 

Tue, 09/28/2010 - 00:37 | Link to Comment daneskold
daneskold's picture

A replay of that day is not complete without Ben Lichtenstein's call of the PIT.

http://www.youtube.com/watch?v=C5WPOSb3oqs

 

Oh yeah, May 6 was Gordon Gekko's birthday in Wall Street.  The day Bud Fox bagged the elephant.

 

Tue, 09/28/2010 - 00:28 | Link to Comment traderjoe
traderjoe's picture

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...

Tue, 09/28/2010 - 00:31 | Link to Comment FEDbuster
FEDbuster's picture

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?"

Tue, 09/28/2010 - 01:25 | Link to Comment tom a taxpayer
tom a taxpayer's picture

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.

Tue, 09/28/2010 - 04:24 | Link to Comment rapacious rachel wants to know (not verified)
Tue, 09/28/2010 - 00:33 | Link to Comment Pillage
Pillage's picture

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?

Tue, 09/28/2010 - 00:49 | Link to Comment wisefool
wisefool's picture

....  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 

Tue, 09/28/2010 - 00:52 | Link to Comment Spirit Of Truth
Spirit Of Truth's picture

Interesting timing for this post.

Tis the season...

Tue, 09/28/2010 - 00:58 | Link to Comment Let em push you...
Let em push you around's picture

Mr. Durden,

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.

Respectfully submitted,

Let Em Push You Around

Tue, 09/28/2010 - 01:05 | Link to Comment frankTHE COIN
frankTHE COIN's picture

When they unleash the hounds next time, it's gonna stick.

Tue, 09/28/2010 - 01:07 | Link to Comment Problem Is
Problem Is's picture

Flash Crash:

Market Cap Loss:  $1.5 Trillion

Constipated Look on Cramer's Face:    Priceless...

Tue, 09/28/2010 - 01:10 | Link to Comment Gubbmint Cheese
Gubbmint Cheese's picture

God I love that audio.. I sit there and smile for some odd reason.

 

can't help it.

 

Tue, 09/28/2010 - 01:41 | Link to Comment Village Idiot
Village Idiot's picture

I was there, buddy on the phone.  It was front row excitement.

Tue, 09/28/2010 - 01:41 | Link to Comment Grand Supercycle
Grand Supercycle's picture

S&P 500 FINANCIALS INDEX - an important chart:

http://stockmarket618.wordpress.com

Tue, 09/28/2010 - 01:44 | Link to Comment Rick64
Rick64's picture

That was a hell of a day.

Tue, 09/28/2010 - 01:45 | Link to Comment Mydixie Wrecked
Mydixie Wrecked's picture

Let the good times roll!

Tue, 09/28/2010 - 02:18 | Link to Comment Number 156
Number 156's picture

The day Skynet became self aware.

Tue, 09/28/2010 - 02:19 | Link to Comment -273
-273's picture

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.

Tue, 09/28/2010 - 02:25 | Link to Comment Number 156
Number 156's picture

You want to see panic?

 

Heres one of my favorites:

http://www.youtube.com/watch?v=XHNpSDSbjTg

I especially love the Ron Burgundy response of the other guy.

Tue, 09/28/2010 - 05:04 | Link to Comment ZeroPower
ZeroPower's picture

Explain your handle

Tue, 09/28/2010 - 07:42 | Link to Comment novanglus
novanglus's picture

I would guess minus 273 degrees Celsius, the temperature known as absolute zero, when all movement ceases. 

Tue, 09/28/2010 - 07:48 | Link to Comment WaterWings
WaterWings's picture

The irony.

Tue, 09/28/2010 - 15:13 | Link to Comment ZeroPower
ZeroPower's picture

Thank you sir.

Tue, 09/28/2010 - 02:26 | Link to Comment Ruth
Ruth's picture

666.66, Bitchez!

Tue, 09/28/2010 - 02:31 | Link to Comment Mr Poopra
Mr Poopra's picture

If you were watching at the time, it felt like one of those "remember what you were doing when it happened" moments.

Tue, 09/28/2010 - 02:34 | Link to Comment Miles Kendig
Miles Kendig's picture

They're called classics for a reason.

Tue, 09/28/2010 - 02:36 | Link to Comment Burgess Shale
Burgess Shale's picture

Bravo, and brave, oh.   Good luck with that.

Tue, 09/28/2010 - 03:05 | Link to Comment subqtaneous
subqtaneous's picture

Absolutely amazing---maybe these are the sorts of conversations passengers have amongst each other when a plane is plummeting from the sky.

 

"Jim, this can't be happening . . . "

"Of course not, Erin, some dumb flight attendant probably mistakenly put the Battle of Algiers in the VCR, and that has made everyone a bit nauseous"

"Yeah, probably so."

 

(and maybe Prechter isn't so stoopid after alls.)

 

 

Tue, 09/28/2010 - 03:15 | Link to Comment Kangaroo
Kangaroo's picture

New Hendry on KWN. Eric King: "I know the people at zerohedge have you as a cult favourite"

 

http://www.kingworldnews.com/kingworldnews/Broadcast/Entries/2010/9/28_Hugh_Hendry.html

Tue, 09/28/2010 - 03:17 | Link to Comment Rick64
Rick64's picture

Thanks

Tue, 09/28/2010 - 06:24 | Link to Comment fiftybagger
fiftybagger's picture

I think the most exciting aspect of the day when the bonds crash and burn will be watching that pompous ass Hendry getting vaporized.  Watch him tuck tail and run to big brother like that Pimpco scum Gross.....

Tue, 09/28/2010 - 07:50 | Link to Comment primefool
primefool's picture

Kangaroo:
Thanks. Hugh was at his VERY best and surprisingly polite. It always tickles me how the natives of the British Isles are arrogant as all get out when they are in , oh, Africa, Asia etc - but extremely deferential when talking to the Yanks!! Anyhoo- that Hugh dude sure has the gift O' the gab hehehe.

Tue, 09/28/2010 - 03:25 | Link to Comment Lord and Master
Lord and Master's picture

I have a 150 iq.  Among my thoughts on this video are: if homo sapiens ever picks itself up by its bootstraps out of the double-top civilizational chart formed by Classical Greece & Rome and the Renaissance, chattering monkeys like these will be kept as some form of house pet a few hundred years from now.  The fact that a woman whose plebeian pig-nose should exclude her from any serious analytical profession, now presides over the wealthiest nation's financial dialogue is a blight on humanity that decades of intellectual achievements will not suffice to correct.

Tue, 09/28/2010 - 08:51 | Link to Comment jdrose1985
jdrose1985's picture

I have a 9 inch swinging dick.

What's your point?

Tue, 09/28/2010 - 13:44 | Link to Comment Lord and Master
Lord and Master's picture

Search through the second and third sentences.  The first is for weak men, and youre getting caught up there.  Meditate on the second and third sentences, for years if you must.  When the truths lying there find you, they will bless you and make you stronger.

Tue, 09/28/2010 - 21:29 | Link to Comment Hephasteus
Hephasteus's picture

I'm stupid. Do you know what a narcissitic personality disorder is?

Tue, 09/28/2010 - 04:03 | Link to Comment StychoKiller
StychoKiller's picture

It's like someone poked an angry nest of red arrows!

Or:  It's like a multitude of green arrows suddenly cried out and were silenced!

 

Notice one green arrow shining like a beacon:  GOLD!

Tue, 09/28/2010 - 04:19 | Link to Comment Herry12
Tue, 09/28/2010 - 04:24 | Link to Comment Djirk
Djirk's picture

Curious to see the volume at the low point of the crash? Did anyone actually take a trade at the low point? Or was this a statistical anomaly that makes good headlines?

Over it

Tue, 09/28/2010 - 04:33 | Link to Comment surfsup
surfsup's picture

The look like children in a hurricane ...  MSM... yuk

Tue, 09/28/2010 - 04:40 | Link to Comment Rick Blaine
Rick Blaine's picture

"Historic" is right...

Cramer was actually giving some good advice that day to the common folk - "Stay away from this mess."

Overall though, it is quite entertaining.

 

Tue, 09/28/2010 - 08:08 | Link to Comment UGrev
UGrev's picture

I loved how "mellow" cramer was throughout the whole thing. I can only imagine, as this was unraveling, that he was crapping himself "on the inside" and had to change his shorts shortly afterwards. 

Tue, 09/28/2010 - 04:43 | Link to Comment Id fight Gandhi
Id fight Gandhi's picture

Since this happened and seeing how they canceled orders, I think it's ironically safer to hold options vs the equities.

Going even further, short term inverse options on say SH. I did not hear of any options canceled out.

Tue, 09/28/2010 - 05:29 | Link to Comment Tense INDIAN
Tense INDIAN's picture

and they were ready with those Greek RIOT clips just at the right time...Wow

Tue, 09/28/2010 - 07:45 | Link to Comment Id fight Gandhi
Id fight Gandhi's picture

Notice you haven't seen those on tv again. Nor the mention of strikes in france that shut down the country.

Just those bte reports

Tue, 09/28/2010 - 06:34 | Link to Comment gwar5
gwar5's picture

I guess my take home reminder from the replay of this moment is the speed with which change can come.

The meltdown might just as well have been anything, not just the Dow. It could have been the value of the dollar. It could have been bonds melting down or soveriegn defaults. It could have been another leg down in housing. It could have been an oil shock or a sudden war breaking out. It could have been gold mines being nationalized by the government.

Preserve what you have. Be prepared and self sufficient.

 

 

 

Tue, 09/28/2010 - 06:34 | Link to Comment liberal sodomy
liberal sodomy's picture

10 handle rip on no "news" 6 am .......1132-1242.

We really are trading with the government until the collapse.

 

 

Tue, 09/28/2010 - 06:48 | Link to Comment sumo
sumo's picture

It's a POMO day

Tue, 09/28/2010 - 08:08 | Link to Comment jay28elle
jay28elle's picture

...and getting closer to mid-terms.  Oblama needs his numbers to go up. I'm betting that today and thurs are big + days.  

Time for the sheeple to believe we're all good now.

Tue, 09/28/2010 - 06:37 | Link to Comment fiftybagger
fiftybagger's picture

Many often wonder how "they" live with themselves.  Shearing sheeple is a lot easier if it is according to a moral code: [a fool and his money are soon parted].   They sleep quite well knowing they have given you 3 clear warnings:

1.  Bear Sterns, vaporized from 30 to 2 over the weekend.  No shares traded.

2.  GM senior bond holders stiffed.  Hundreds of years of legal precedent flushed.

3.  The flash crash:  "WE CAN TAKE THIS TO ZERO IN MINUTES"

 

If you still own ANY form of paper wealth, you are an absolute and complete moron over whom no one will shed a tear when you get VAPORIZED.  You have been warned many times.....

 

P.S.  If you can't quit your job right now, borrow half the 401k and buy physical silver.  Worst case scenario you default on yourself :-)

Tue, 09/28/2010 - 06:53 | Link to Comment EB
EB's picture

I remember it like it was yesterday.  Oh wait, that's gold futures three hours ago.

Tue, 09/28/2010 - 07:19 | Link to Comment fiftybagger
fiftybagger's picture

Not sure what your point is, but the top chart is a 1% move while the bottom is a 10% move.  So if your point is what I think it is, yer a dumbass.  Otherwise your wasting my time....

 

Gold bashers:

wrong at 300

wrong at 400

wrong at 500

wrong at 600

wrong at 700

wrong at 800

wrong at 900

wrong at 1000

wrong at 1100

wrong at 1200

will be wrong at 1300

will be wrong at 13000

will be wrong at 130000

might get it right in Ameros.......

 

P.S.  Yes I did buy at every one of those prices, did you?  Thought not.

Tue, 09/28/2010 - 07:26 | Link to Comment EB
EB's picture

Point is that bids can evaporate in any market at any time nowadays.  PS--Thanks for the grammar lesson.

Tue, 09/28/2010 - 07:35 | Link to Comment fiftybagger
fiftybagger's picture

Point is that if I have physical gold I don't give a rat's ass what bids there are in some phony paper market, whether it's for paper that represents ownership in some corrupt company, corrupt government, or fake paper gold market.  Get it?

Tue, 09/28/2010 - 07:36 | Link to Comment pamriallc
pamriallc's picture

"it's somehow difficult to know in advance--- how ridiculous we are all going to behave, and yet with each passing day somehow the comedy of it all continues to play out" --- I was literally at my desk laughing that day at the "malfunction in progress" and I bought a great many things.  without leadership, you join the hordes and are of no value to anyone.  the mob is a fine place to be, and it's comforting, but no one makes any money running with the hordes.  it's why regulatory and advisory services exist.  preaching fear for 40 years and being correct TWICE about some major events doesn't make for genius.  even a stopped clock is correct twice daily.  whats more sure than anything is progress, and throughout enough history, the evidence continues to point toward progress.  there are those of us who believe in investing in this idea of progress.    shawn mesaros, pamria, llc

Tue, 09/28/2010 - 07:41 | Link to Comment fiftybagger
fiftybagger's picture

"the evidence continues to point toward progress"

 

Dow 1999 10000

Dow 2010 10000

You mean that kind of progress?

NIKKEI 1990 39000

NIKKEI 2010 9000

Or this kind of progress?

Gold 2000 250

Gold 2010 1300

 

Now that's progress, hahahahaha

Tue, 09/28/2010 - 08:02 | Link to Comment pamriallc
pamriallc's picture

a simple portfolio of 50% bonds and 50% stocks would have done some 8% per year, compound annually, in both Japan and in the USA during both periods mentioned.  progress is understanding that diversification wins the game.  gold should be in portfolios too. for those who can deal with no yield, they should own a little more of it.  back in 1995 I opined the "superior nature" of japanese stocks selling for 40X earnings relative to the USA at 14X earnings, wondered why Japanese stocks were somehow "better" in the premium paid.  you can finally buy japan.  bubble all gone.  price to earnings now looks good.  earnings actually rose over the last 20 years, too.  earnings drives price, ultimately.  10 years ago the s&p was 35X earnings.  now the bubble is all gone.  go find a bubble and don't buy it.  sort of pathetic but it's really that easy.

Tue, 09/28/2010 - 08:25 | Link to Comment fiftybagger
fiftybagger's picture

"a simple portfolio of 50% bonds and 50% stocks would have done some 8% per year, compound annually, in both Japan and in the USA during both periods mentioned."

 

There is so much BS there I can't even filter it.  What about the stocks that disappeared?  Oh that's right, they removed Enron, Worldcom, Bear and Lehman from the indexes.  And you never had anyone in those? BS.  Yields were at 6% in 2000 on the ten year and are crashing to zero and then default or double digits ala the FED.  Even if your phony 8% number is correct, which it isn't.  That still only matches shadow inflation over the same period, so your investors STILL HAVE ZERO.  Go back to fleecing suckers in mutual funds, your wasting your breath here ;-)

Tue, 09/28/2010 - 07:38 | Link to Comment tunaman4u2
tunaman4u2's picture

All the reason for the Fed to keep buying & never let the finger off the trigger 

Tue, 09/28/2010 - 08:02 | Link to Comment jay28elle
jay28elle's picture

yeah, well, I've got my fingers crossed for another one, and soon.  my freaking puts are decaying faster than my dog's fly laiden poop.  

Tue, 09/28/2010 - 08:20 | Link to Comment vxpatel
vxpatel's picture

Rule #1

 

The McSheeple only see daisies in the rear view mirror. If I hold on to my 401K tech funds for a long enough time period, they'll come back!

 

Intel will trade at $120, I know it!
And my 5 bedroom plastic and styrofoam mcMansion with a view of my neighbor's bathroom will once again be worth $750,000.

I know it!

Tue, 09/28/2010 - 08:20 | Link to Comment vxpatel
vxpatel's picture

Rule #1

 

The McSheeple only see daisies in the rear view mirror. If I hold on to my 401K tech funds for a long enough time period, they'll come back!

 

Intel will trade at $120, I know it!
And my 5 bedroom plastic and styrofoam mcMansion with a view of my neighbor's bathroom will once again be worth $750,000.

I know it!

Tue, 09/28/2010 - 10:10 | Link to Comment FEDbuster
FEDbuster's picture

Of course a Happy Meal may cost you $50. by then.  Supersize me, bitchez.

Tue, 09/28/2010 - 08:31 | Link to Comment chunkylover42
chunkylover42's picture

good times

Tue, 09/28/2010 - 08:46 | Link to Comment mark mchugh
mark mchugh's picture

Silver at $17.46 - those were the days!

Tue, 09/28/2010 - 09:43 | Link to Comment mark mchugh
mark mchugh's picture

Perhaps worth mentioning is that Silver was trading at $18.80 on Monday May 4, down to $17.35 when Cramer appears - that's almost an 8% drop.

Since then the Dow has bounced back 9.4%, while Silver is up 22.7%.

Just saying, bitchez.

Tue, 09/28/2010 - 09:17 | Link to Comment pan-the-ist
pan-the-ist's picture

In reality, the market did crash.  We've been living in the 'matrix economy' ever since.

The market won't get fixed until it is truly broken.  That's how the USA works, and that is why the USA won't get fixed until it is truly broken as well...

Tue, 09/28/2010 - 10:55 | Link to Comment Mesquite
Mesquite's picture

Tnx for the video, Tyler...

Hollywood has competition, I'd say..

Tue, 09/28/2010 - 11:34 | Link to Comment spekulatn
spekulatn's picture

The CNBS monkeyz should be made to watch this over and over. What a bunch of hacks. I bet they all went a little poo when the market was down over 900 pts.

:)

Tue, 09/28/2010 - 22:26 | Link to Comment DavidC
DavidC's picture

No comment about Cramer. Come back Kneale!

DavidC

Tue, 11/16/2010 - 10:39 | Link to Comment daniel
daniel's picture

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