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speak of the devil, I was just wondering where Rosie was and postulated that he was a day early for Groundhog day and after popping out of his cave he saw the S&P approaching 1300 and went back into hiding
More like "speak of the dope" LOL
Everytime we hear from this idiot the market rallys. Gotta love it !!!
I think Rosie faces the problem that he knows the fundamentals, and he knows they suck, but he can't come out and admit that in this market at this time fundamentals don't matter. TPTB have been spectacularly successful at keeping the ponzi going, and I wouldn't bet my money that they can't keep it going for longer than any bear thinks is possible.
Just buy the dip - we all know that there is a wealth effect created by rising stock prices and falling currency value, Ben has promised us this.
Just sold my puts today, and I'm indeed going long today.
Manipulation or not, the markets will keep going up until June.
aapl parabolic... market value bigger by $100 billion since sept...
xom parabolic... market value up $100 billion since sept...
ibm going parabolic... market value has exploded $50 billion since sept...
wealth effect, bitchez!
praise be the bernank! may he blow bubbles a thousand years!
I just blocked Smelly's avatar image in my browser so it doesn't show any more. Wonderful!
If anyone's interested: copy the URL of the image and block only that image (don't use wildcards unless you want to avoid viewing all avatar images).
Sorry, too late this time ladies. Nazz is running up to 2800, maybe, but we see a sell off here. I see a massive cup and handle trying to be "engineered". Buy here at your own risk.
I'll quote Paul Tudor Jones: "You can try to be right about the economy or you can try and be on the right side of the market. Don't try both at the same time."
it's difficult to find the PBS film about PTJ, 'trader', online now. coincidentally, someone sent me a link yesterday to a chinese website:
classic stuff. there's some choice 80s IT on show in this film...
And hence, the Free Sugar must continue to flow freely from The Big Rock Candy Mountain - until the Lake of Stew, and of Whiskey too, are all dried up.
Someone's not a fan of Depression-era folk music, I see. Oh well, takes all kinds.
Maybe they never heard it.
Someone should write an updated version as a theme song for the present government.
The weirdest thing about the number was the different price deflator factors used, which boosted consumption (adjusted by core CPI), reduced inventories and reduced exports (both adjusted by the price of crude)
"Oil in the 4th quarter rose from roughly $81 to $89, or about 10%. On an annualized basis, this is 40%. Inventory investment is equal to the change in book value of the inventories, minus what is known as the IVA, or inventory valuation adjustment, which is used to correct for prices going up or down. Because the value of oil rose and thus cost more to acquire, the accounting requires that you reduce the value of the current inventories. Thus “real” imports fell at a 13% annual rate. Why? Because the deflator rose by 19%, largely because of the rise in the price of oil."
83 billion a month short. That's only 271 dollars for every American short per month, so that's only about 3254$ a year that the gov. is short per citizen. And as the US debt is at about 46.400$ per citizen already, that 3250+$ is peanuts.
And with the average income of $46,326, the debt could be payd is all the salaries would be confiscated for a bit more then a year.
IF of course EVERY CITIZEN, old, crippled, babies.... would ALL BE PUT TO WORK for 1 year.
YOU CAN DO THIS PEOPLE!! GIVE THE US GOV. YOUR PAYCHECKS FOR THE NEXT 12 MONTHS!!
"I fought the Fed and the... Fed won
I fought the Fed and the... Fed won"
Rosie just gives the reason for what we
already know. The market is a
fed-induced fraud on steroids.
Check out real disposable income per
capita....we're basically screwed.
This will leak directly into earnings now that
they can no longer be masked by layoff
savings. Market's really worth 850...tops.
Which makes Bernanke a crazy man.
He's ramped it at least 40% higher than
it oughtta be. It can crash.
GDP numbers mean we are having a jobless recovery and jobs aren't coming back.
Stop the war on small businesses, lower the corporate taxes and stop the regulation madness.
Correcto....and a 3% GDP isn't even
a real recovery. It's total BS from
wall street and the fed. Total fakery.
Anyone long here is out of their friggin
If you are going to quote Rosie you should provide a link - I think he said something to that effect back in March 2009
Yes, Rosie is an idiot since bernank
ramped the market.
and being rational makes him an idiot?
sarcasm button was on
i would say raise the corporate tax, only to give non-corporate business a chance to recover. this has been war all the way, Wall St vs Main Street, and by that I mean corporate America versus non-corporate America.
Its true regulation usually comes down harder on SB, but the 800lb regulation gorilla is healthcare. fix that and the environmental, immigration, and labor problem can be solved
...and now Europe is looking to do the same thing...because it worked in the US.
nd the only way the market crashes is if the banks become insolvent. which can only happen if the Central Banks cease generating excess liquidity. And the only way that happens is if a responsible adult with some sense of the value of money takes charge - or, until the military actually prevents this Tyranny by taking control of the printing press.
The banks still ARE insolvent.
I do not know why you folks think about the stock market. It isn't very important, compared to food and oil.
This guy does a great job of analyzing reports. Probably the best any of us have seen.
Gotta love Rosie. He's right for about 5 months once a decade, and he'll keep blathering until he's "right" again. He never takes blame for his idiotic misses, he just keeps making new predictions. In 2013, when the the Dow is at 48K and pulls back to 46K, Rosie will say "I told ya it was overvalued!"
Yeah, Rosie did not forsee the bernanks
ability to ramp it 50% above fair value,
but you did, right?
As today is the 1st of the month, the
street will screw all 401k
holders by delivering to them at maximum closing prices.
Nobody notices this even
though it happens every single month.
The Bernank gave ample warning of what he was going to do. For two years, the Rosies of the world have said "The Fed's out of bullets" or "The Fed is all in." He can't whine now because in truth the Fed had plenty of bullets, and has plenty of bullets left. It's Rosie's job to know what's in the Fed's arsenal. That he didn't is a disgrace.
Didn't he also author a report back in 2004 when he was working for BAC which said that we were in a housing bubble and advising BAC to get out immediately?
Let's see what happens when gas hits $4.50/gallon....
Rosie is a great economist, but has been a poor investment advisor. It must be very frustrating for him to be right on his analysis, but then totally misguide his clients. Tyler, please keep posting Rosie, but we all take it with a grain of salt.
Rosie I believe is only 1 of 10 economists predicting deflation, against 35,000 economists expecting inflation..... I like the odds, it's how change happens.
Deflation it is
the US economy now takes $6 of debt to generate $1 of GDP growth
Anyone expecting inflation or hyper-inflation in the US with these figures is living on a hot air balloon
Deflation Baby, Deflation
(Sung to the tune of “Winchester Cathedral”):
Zim-bab-we-fi-ca-tion, you’re bringin’ me down.
The prices are growin’, my money’s left town.
Ben could-’a done somethin’, ‘stead of standin’ around.
Now he’s papering Wall Street, no price must go down.
O-bodeo-do. O-bodeo-do. O-bodeo-do-de-do-do.
Middle class is just dyin”, and I’m buyin’ gold.
Still you gotta do somethin’, it’s better I’m told,
Than betting on treasuries, where you will get rolled.
My pension is dead now, and I’m getting’ old.
O-bodeo-do. O-bodeo-do. O-bodeo-do-de-do-do.
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