Sell Side Reactions: Mea Culpa From Barclays As Goldman Calls Fed Action "Baby Step" Toward QE2

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Tue, 08/10/2010 - 15:20 | 513308 Gully Foyle
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Bob Wiley: Baby step to four o'clock. Baby step to four o'clock.

...

Bob Wiley: ...baby step onto the elevator... baby step into the elevator... I'm *in* the elevator.
[doors close]
Bob Wiley: AHHHHHHHHHHHH!

...

Bob Wiley: [to himself] ... baby steps get on the bus, baby steps down the aisle, baby steps...

Tue, 08/10/2010 - 16:03 | 513427 rapunzel
rapunzel's picture

S U C K S. baby

Tue, 08/10/2010 - 17:21 | 513646 Unscarred
Unscarred's picture

 

Yeah.  Should have went with Death Therapy.

It's a guaranteed cure.

 

Tue, 08/10/2010 - 15:22 | 513310 Dr. No
Dr. No's picture

QE1.0, QE1.999, QE2.0.... Which one will be the mint in which finally spelled the end to Mr. Creosote Man?

Tue, 08/10/2010 - 21:35 | 514260 Battleaxe
Battleaxe's picture

Today we got QE.999

Tue, 08/10/2010 - 15:21 | 513313 NOTW777
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why cant anyone say that the fed has been lying about the summer of recovery.  now they mention a "slow patch?"

Tue, 08/10/2010 - 15:34 | 513354 DosZap
DosZap's picture

Wait till they announce FREE INTEREST on trillions of dollars in housing Re-Fi's.

There's your QE 2.........all set for November.

How bout, another 28 Billion, to keep those Union thugs happy,gotta keep that base together..........

Now, aren't you sad you were a good little fella, and paid your's off the HARD way.As in HONEST?

 

 D.C. nothing but Empty Tombs,White washed seplecures, full of dead mens bones.

 

Tue, 08/10/2010 - 15:23 | 513317 qussl3
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GS: ONLY 2T? WTF..... Switch off the damn algos.

 

Tue, 08/10/2010 - 15:23 | 513319 jvota
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I know what you're thinking. "Did he fire six shots or only five?" Well, to tell you the truth, in all this excitement I kind of lost track myself. But being as this is a .44 Magnum, the most powerful handgun in the world, and would blow your head clean off, you've got to ask yourself one question: Do I feel lucky? Well, do ya, punk?

Nope.

Tue, 08/10/2010 - 15:25 | 513329 DosZap
DosZap's picture

WHAT ABOUT BOB????

Tue, 08/10/2010 - 16:46 | 513540 rapunzel
rapunzel's picture

can't find him right now but found some one else!

Tue, 08/10/2010 - 16:52 | 513560 CrockettAlmanac.com
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Carol, Ted or Alice?

Tue, 08/10/2010 - 15:28 | 513337 Young
Young's picture


ZH music recommendations right now:

1. Muse - Uprising
2. In Flames - Mirrors truth
3. Bloodhound gang - The roof is on fire (for obvious reasons)

Enjoy brothers and sisters...

Tue, 08/10/2010 - 15:32 | 513348 Dr. No
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"The End" by the Doors.

Tue, 08/10/2010 - 15:33 | 513351 Young
Young's picture

Oh oh oh! R.E.M. - It's the end of the world as we know it... Classic!

Tue, 08/10/2010 - 15:34 | 513356 Dr. No
Dr. No's picture

Funny, but I always think of Tommy Callahan and Richard trying to sing along on their ill-fated road trip.

Tue, 08/10/2010 - 16:17 | 513432 CrockettAlmanac.com
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The Doors - Tell All The People

http://www.youtube.com/watch?v=w78xaWKq-uQ

Tue, 08/10/2010 - 15:58 | 513420 CrockettAlmanac.com
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The Pillows - Ride On Shooting Star

http://www.youtube.com/watch?v=j9rrVZIlpJA

Tue, 08/10/2010 - 16:02 | 513438 suteibu
suteibu's picture

Great!  One of the best J-bands ever.

Tue, 08/10/2010 - 16:06 | 513453 CrockettAlmanac.com
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No doubt. Picked up FLCL3 soundtrack in June and I can't stop playing it.

Tue, 08/10/2010 - 16:21 | 513488 suteibu
suteibu's picture

Cool anime.  My pick after shooting star.

 

http://www.youtube.com/watch?v=ORQeOVOPv7c&fmt=34

Tue, 08/10/2010 - 16:43 | 513534 CrockettAlmanac.com
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Check out this version, it's not a fan edited video but rather comes off the FLCL dvd. Little Busters is probably my favorite song on the album. Other big favorites are I Think I Can, Blues Drive Monster, Carnival, Crazy Sunshine, Funny Bunny and Shooting Star. It's all good!

 

Little Busters FLCL (with subtitles)

http://www.youtube.com/watch?v=KT1yv6rm-rQ

Tue, 08/10/2010 - 17:04 | 513607 suteibu
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Thanks for the link.  I gotta go back and watch that series again.  As for The Pillows, I got them on everything that carries music. 

Tue, 08/10/2010 - 18:04 | 513743 ZeroPower
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I just dont get anime. Kinda gay, imo. 

Tue, 08/10/2010 - 16:13 | 513464 Rover
Rover's picture

Muse, nice...listening to all albums on random this afternoon.

Tue, 08/10/2010 - 16:15 | 513474 rapunzel
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muse U P. rising
W H E R E ?

Tue, 08/10/2010 - 15:30 | 513344 redarrow
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It doesn't matter how much QE they do. The addict has reached a point where the tissues have emasculated and he needs to go to detox or die. Sh-- and what do they do? Push in the needle. 

All that you need to know about market direction is that the biggest markets of the SP500 are in austerity mode. China, India, UK is choosing austerity, the rest of Europe will have no choice but to. What do you think happens to the bottom line of multinational companies whose key markets are shrinking? You bet we are headed down baby, I am short this stupid rally.

Tue, 08/10/2010 - 15:32 | 513349 molecool
molecool's picture

That's all it is now - hope fueled rallies in anticipation of more free money and borrowing from a non-existent future. We should all be so proud...

Tue, 08/10/2010 - 15:35 | 513353 chistletoe
chistletoe's picture

Once a snake becomes so hungry

that it starts to eat its own tail,

well,

you don't exactly know what is going to happen,

you don't exactly know how or when its going to turn out,

but you can be kinda pretty sure

that its not going to go well

for the snake ....

Tue, 08/10/2010 - 15:35 | 513363 Dismal Scientist
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Buying your own debt is a sure fire admission that deflation and higher bond prices are coming

Tue, 08/10/2010 - 15:42 | 513380 Cognitive Dissonance
Cognitive Dissonance's picture

Only to those who wish to face reality. Which seem to be far and few between when you can still hear the cries from the herd of "Don't fight the Fed". As long as people wish to spin this (to themselves) as "good" for stocks, all reality is stopped at the door.

Tue, 08/10/2010 - 15:49 | 513399 realtick
realtick's picture

When it comes to trading the trend is the only reality there is,

and the trend is up. Period.

http://i38.tinypic.com/13z0qv5.jpg

When it comes to commenting and spinning and pontificating,

then reality is whatever you want it to be.

 

 

Tue, 08/10/2010 - 16:38 | 513525 Cognitive Dissonance
Cognitive Dissonance's picture

Agreed regarding trading.

However, the suckers in this market are average Jane and Joe, who are told to "invest" in the market, not trade. They have been told, still are being told, that in the long run they will come out way ahead in stocks for their 401(k) and IRA. These people are not trading and couldn't trade primarily because their accounts aren't that flexible and they aren't trained to do so. Thus they are the suckers for the machines.

Tue, 08/10/2010 - 17:31 | 513660 LMAO
LMAO's picture

@ realtick

WTF?

"When it comes to trading the trend is the only reality there is,

and the trend is up. Period"

 

So even after a lower low you tell us the trend is still up?!

 

Your "reality is whatever you want it to be"...Excellent "technical analysis". Blind guessing and jumping to conclusions are we....?

 

Thanks for sharing

LMAO

 

Tue, 08/10/2010 - 16:09 | 513456 Dismal Scientist
Dismal Scientist's picture

Very few people in my experience have the ability to admit that their future is screwed by inexorable logic until it is too late. I choose to provide for the future and play the game in the meantime as well. Its a helluva of a tightrope, but beats not playing at all, IMHO

Tue, 08/10/2010 - 16:42 | 513535 Cognitive Dissonance
Cognitive Dissonance's picture

Very few people in my experience have the ability to admit that their future is screwed by inexorable logic until it is too late.

Hum, I thought government was supposed to protect average Joe and Jane from the sharks of the world. Meaning regulate the markets and provide a fair economic system they can prosper in. Not cradle to grave care but not an adversarial system. Doesn't look like it's ever been a fair game, though that's exactly what Joe is sold from kindergarten. Government is not only not protecting the people but are deliberately exposing the people to the sharks.

Tue, 08/10/2010 - 16:48 | 513545 Dismal Scientist
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Think you missed the sarcasm <on>. Sadly that is merely the truth

Tue, 08/10/2010 - 15:54 | 513411 Jim in MN
Jim in MN's picture

 

heheheheheheh

 

He said "shrinkage"

 

hehehehehehheh

 

Brian SACK said it

 

hehehehehehehehehheh

Tue, 08/10/2010 - 16:06 | 513446 CrockettAlmanac.com
Tue, 08/10/2010 - 16:26 | 513496 Clayton Bigsby
Clayton Bigsby's picture

"In March, Brian Sack, Manager of the Open Market Desk, indicated that this shrinkage"

They said sack and shrinkage in the same sentence - heh heh...

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