An Ugly Day For "Rose-Colored Glasses" Haute Couture

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Thu, 06/23/2011 - 10:06 | 1394496 The Axe
The Axe's picture

what people????

Thu, 06/23/2011 - 10:11 | 1394531 augie
augie's picture

I think Algo's count as people now. 

Thu, 06/23/2011 - 11:00 | 1394843 Frankie Carbone
Frankie Carbone's picture

Let's wait for the landmark SCOTUS opinion on that. My money is on Scalia writing the majority opinion. 

GS HFTA vs United States. 

(Hereforth known as "Algo v United States")

Thu, 06/23/2011 - 11:12 | 1394922 augie
augie's picture

If that Wallmart Decision is any indication. 

Thu, 06/23/2011 - 12:04 | 1395156 jeff montanye
jeff montanye's picture

you and augie have it about right.

Thu, 06/23/2011 - 10:10 | 1394519 JW n FL
JW n FL's picture

Herd Mentality Rulez Bitchez!!!!!!!!!!!!!

Thu, 06/23/2011 - 11:04 | 1394833 TruthInSunshine
TruthInSunshine's picture

Bernank gave the warning to get the hell out of Dodge to even the non-insider crowd - most likely to avoid being accused of not doing so after the full meltdown of equities occurs in what will be an election season (he can say "roll the tape"; and yes, I know that the Fed Head is 'non-political' /sarc/) - a month ago.

The spread between how fundamentally awful the economy is and equity valuations (some of the shittiest equities on the face of the globe have risen the most in the past 30 months - I'm talking truly insolvent, garbage can companies), not to mention how much risk-on appetite there is (much of it backed by no-interest loaned fiatskis - and much of that on the assumption that if gambled and lost there will be another ginormous bailout) has never been greater - never.

Bernanke/Paulson/Geithner/Congress pumped and pumped their little hearts out for the BSDs on Wall Street, and those guys got paid and have cashed out of the Bernank Casino, pawning their paper off on the bagholders, and now Bernanke has cover to let 'risk on' dumb money sheep - the kind always late to the party - lose their asses, as he, Obama, and Congress can play the 'we are not favoring Wall Street' into election season, and just to prove that they are "no fans of Wall Street" (now that the big players on the inside are already risk off), they'll let it all burn.

It's a fun, easy and criminal way of making money if you're an insider, and it's a real Ponzi if you're not.

Thu, 06/23/2011 - 11:52 | 1395111 eureka
eureka's picture

Amen, TRUTH SAID IT.  Anyone long stocks will get shredded. The Next QE IS the end.

Thu, 06/23/2011 - 11:58 | 1395134 eatthebanksters
eatthebanksters's picture

New York lamposts will soon be decorated with the swinging bodies of morally vacant and corrupt banksters...justice will eventually prevail, unfortunely cowboy justice is usually much harsher in its application.

Thu, 06/23/2011 - 12:12 | 1395178 jeff montanye
jeff montanye's picture

i doubt it, although a single assassination of a truly connected member of tptb would get their very rapt attention.  probably make the date famous too.

Thu, 06/23/2011 - 11:01 | 1394854 Frankie Carbone
Frankie Carbone's picture

I almost feel bad taking their vacation money. 

Almost. 

Thu, 06/23/2011 - 10:07 | 1394524 hedgeless_horseman
hedgeless_horseman's picture

It is called bait for a reason.

Thu, 06/23/2011 - 10:07 | 1394527 Cognitive Dissonance
Cognitive Dissonance's picture

They are going fast with only a limited selection left. Hurry or you'll miss out.

Thu, 06/23/2011 - 10:12 | 1394541 Cassandra Syndrome
Cassandra Syndrome's picture

I thought Tyler Durden wore Rose Sunglasses?

Thu, 06/23/2011 - 10:26 | 1394630 hedgeless_horseman
hedgeless_horseman's picture

I am Jack's sense of optimism.

Thu, 06/23/2011 - 10:39 | 1394702 Cognitive Dissonance
Cognitive Dissonance's picture

:>)

I stand corrected.

I am also Jack's sense of impending doom notwithstanding the rose colored glasses.

Thu, 06/23/2011 - 11:23 | 1394969 bigdumbnugly
bigdumbnugly's picture

just think of them as being blood-red.

Thu, 06/23/2011 - 10:07 | 1394529 TradingJoe
TradingJoe's picture

Few days ago I said load up on PUTSSSSS! Really happy NOW!

Thu, 06/23/2011 - 10:10 | 1394553 augie
augie's picture

+1 we break that 1252 level i'm going to riverdance down West Street. Come and get me Squiddy!

Thu, 06/23/2011 - 10:07 | 1394533 Biosci
Biosci's picture

Greece is resolved?  All they had was a confidence vote.  Mr. Tchir is getting a little ahead of himself.

Thu, 06/23/2011 - 10:08 | 1394538 BeerWhisperer
BeerWhisperer's picture

Queue Deer in Headlight.... PLEASE

Thu, 06/23/2011 - 10:18 | 1394601 gordengeko
gordengeko's picture

What do gay deer have to do with price of oil in greece?

Thu, 06/23/2011 - 10:33 | 1394658 augie
augie's picture

That reads oddly like the intro of an off-color joke. 

Thu, 06/23/2011 - 10:38 | 1394718 gordengeko
gordengeko's picture

Why did you have to go bring race into it?  Just because deer are brown?

Thu, 06/23/2011 - 10:42 | 1394749 augie
augie's picture

 it's cool man, i'm Part Chilean. It's P.C. for me to make jokes like that. 

Thu, 06/23/2011 - 10:52 | 1394807 gordengeko
gordengeko's picture

FYI : no gay albino or brown deer were psychologically harmed when reading these satirical comments.  :)

Thu, 06/23/2011 - 12:15 | 1395222 jeff montanye
jeff montanye's picture

no but they are getting restless as they are still waiting in line.

Thu, 06/23/2011 - 10:09 | 1394543 Ivanovich
Ivanovich's picture

How much do you want to wager that the big boy banks were out a long time ago?

Thu, 06/23/2011 - 10:17 | 1394575 Village Smithy
Village Smithy's picture

I'll take that bet. With 100,000:1 odds.

Thu, 06/23/2011 - 12:23 | 1395244 jeff montanye
jeff montanye's picture

qe2 in its entirety looks like the distribution top.

Thu, 06/23/2011 - 10:10 | 1394551 bingaling
bingaling's picture

This is just speculation that the shit might hit the fan and may trade sideways for some time until the uncertainty of greece is taken out of the picture . IMO the EU will keep doing what it has pushing the default another 6 months out at a time until something gives

Thu, 06/23/2011 - 10:12 | 1394564 SparkySC
SparkySC's picture

Bernanke will be their to apply either lube or sand... god forbid both. 

 

LOL

Thu, 06/23/2011 - 10:12 | 1394565 Village Smithy
Village Smithy's picture

Well it seems that bernack has managed to enlist the IEA on the plunge protection team. Nice stick save !

 

Thu, 06/23/2011 - 10:17 | 1394569 Josh Randall
Josh Randall's picture

Love seeing JPM below that magical $40 threshold - even on it's Bullish SNAP news (i.e. more new customers)

Thu, 06/23/2011 - 10:17 | 1394571 topcallingtroll
topcallingtroll's picture

I am most definitely a weak long.

I.could be scared out of the market with a loud noise.

Thu, 06/23/2011 - 10:58 | 1394832 d00daa
d00daa's picture

What exactly are you still "long" in this market?

Thu, 06/23/2011 - 10:13 | 1394573 treemagnet
treemagnet's picture

I'll bet they come back at 3:00 EST for the stick save.  Fuckers.

Thu, 06/23/2011 - 10:18 | 1394580 RobotTrader
RobotTrader's picture

Another day of hell for:

 

- General Jim

- Eric King

- John Hathaway

- Peter Schiff

 

"But Jim, you promised....."

Thu, 06/23/2011 - 10:20 | 1394591 alien-IQ
alien-IQ's picture

and don't forget Robotrader...who a mere two days ago said "I'm going long".

you wouldn't want to be kept of such an illustrious list.

Thu, 06/23/2011 - 10:22 | 1394599 d00daa
d00daa's picture

Says the asshole that advocates "going long" just as the dead cat bounces into the 50DMA.

Stopped out yet genius??  LMFAO

Thu, 06/23/2011 - 10:44 | 1394760 alien-IQ
alien-IQ's picture

yeah he's pretty damn quick to point out other peoples losses but he's pretty damn reluctant to admit to any losses of his own.

In fact, I can't recall a single post where he has admitted to taking a loss. But many many celebrations of his gains.

Where I come from...we call that "bullshit".

Thu, 06/23/2011 - 10:29 | 1394662 Bastiat
Bastiat's picture

Clown.

Thu, 06/23/2011 - 10:14 | 1394581 alien-IQ
alien-IQ's picture

"It all looks beautiful to me"

Stevie Wonder

Thu, 06/23/2011 - 10:14 | 1394582 Boilermaker
Boilermaker's picture

Don't fret...the bid-up calvalry will show up by the close with an unexplainable rally.

Why in the hell would they stop now?

Thu, 06/23/2011 - 10:18 | 1394583 Its the Vatican...
Its the Vatican Stupid's picture

if you want QE3, you're gonna have to BEG for it, bitchez!!!

Thu, 06/23/2011 - 10:16 | 1394589 oogs66
oogs66's picture

+ P''

Thu, 06/23/2011 - 10:18 | 1394586 Incubus
Incubus's picture

It's all gonna come down:  the temple is being propped up so it can be looted more thoroughly.  They pushed, just to see how much they could get away with, and they've found that they can do pretty much anything they want.  The "outrage" of the people is limited to numbers that cannot effect the change that is needed to detach the parasite upper classes from this husk of a socio-political system.

And when there is nothing left to loot, they'll let it fall apart.  Don't worry though, they'll have their next approved system ready to be implemented, and the dumb masses will accept that system just because they'll associate "rebuilding" society as some sort of opportunity to improve it—which never turns out to be the case.  

We've got thousands of years of the history of civilizational ruins to see that we're not any different from the rest of 'em. 


...full of sound and fury.  Signifiying nothing.

 

 

Thu, 06/23/2011 - 10:20 | 1394606 Caviar Emptor
Caviar Emptor's picture

There's plenty o trouble bubbling up, just under the surface. Amazing how much is not being reported. More than usual. Means the amount of trouble is worse than usual. 

The Biflationary vice-grip is tightening and now it's really makin' them sweat! Bernanke saying deflation is licked. Gulp. Sweat. And oh yeah we got oil coming out of our ears, so let's do the radical thing: dip into the SPR. And hope it works. Gulp! But the numbers all show different. I don't even need to provide links to the numbers in the US and global economy that are all flashing red. Yet with all the printed dollars in the world prices for necessities of life and doing business are going through the roof. 

Look for some really scary news to come out soon

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