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Get'cher Dow 13K Hats Here...
Retirement-Off! The Dow just crossed back under the magical 13,000 level for the first time in two months...Having crossed this rubicon for the first time on Februray 21st, we can reflect on eight months well spent... and the sound of millions of retirees sifting through the 'Help Wanted' pages is deafening - as those 'young-people' that voted for change will continue to participate less in the workforce.
Dow 13000...
A two-month roundtrip of hope...
And the reality in our country...
The New Normal: "Sell in February and go away"
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probably see 13k again today VIX is again being gamed
13K inflation adjusted = ???
WMT up 23% YTD, with a 2.16% div yield.
The business model of old employees, EBT card acceptance, bad food, and cheap clothing is strong.
At what level has Buffett sold billions in S&P puts to finance his oligarchy? Will be fun to watch him defend and ultimately surrender like S&P 1,000 the last go-round…
Republicans now have zero incentive to agree to any fiscal cliff deal. The longer they hold out, the more they gain. A deal will not be reached until the last minute as I said previously.
S&P 1260 here we come.
Warr Stleet levenge!
Not seeing S&P dropping now with Qeternity.
40 Billion a month buys the S&P wherever they want it.
A random thought: Can you have a fiscal cliff with unlimited printing?
Overlay of Nikkei 225 circa 1990?
touche'
how perfect would obummer winning being the black swan that crashed markets today like SP 650?
Maybe black, but certainly not swan.
Black swans just ain't what they used to be. They used to be something unexpected and rare.
Now they're just anything someone might think is kinda bad.
expected. there is no "market". Paper shorts, gold, and VIX related things will all be kept in check. Now about that physical world...
DON'T WORRY FOLKS. KEVIN HAS EVERYTHING UNDER CONTROL. 3PM BOUNCE WE WILL BE BACK AT DOW 14000!!!
That is what is going on. I read on Kevin's facebook page that he is off to a ski trip in Colorado.
You can only smoke hopium for so long before you need the good stuff.
pods
I hope this POS mother fucker gets down to 5k faster than you can say Obama Care
Yeah, like it should have when that hank paulson fuckwad extorted congress.
For added fun the NASDAQ broke 3k to the downside and the S&P is doing the same with 1400
Can we finally have the dip we've been waiting over a year for???? Its actually fun to see AAPL spiral downward after testing its 200d.
Help us Obi Wan Bernanke!
10Kby2k <my screen name on AOL in 1990's
10Kby2k15 w/ cpi-w at 300 <my prediction
We will see 10k in 2013
Absolutely, Doc.
Crowding out younger workers? bullshit
Young workers just want the check from the gov.... EBT participation more likely....
Younger workers are definately being crowded out of the marketplace. Just look around at any non-retail job and you'll see its dominated by a much older workforce who has no intention of retiring any time soon, because they're still paycheck to paycheck themselves.
yes but the young workers dont care to work- not even a competition.. they just want the check/EBT card.
I guess now that we can put away the red/blue false dichotomy we can get back to the young/old one?
pods
so true
Nearly every under 35 that I know is a lazy Socialist who sits on ther ipone / pad / pod complaining about how hard it is to be them. They are happy to work for beer money as long as they can live at home and still get the latest iproducts to impress their friends.
Fuck off. I went to school for a BSBA in finance, got good grades, was involved on campus, leadership experience, passed the CFA L1 right after graduation and have been working my ass off to find any finance/accting/business job that I can and I am still unemployed today. I am not alone. There might be a lot of fucking losers coming out of school but there is not much of a reason to try when people like me cant even find an employer to grant them the privlege of interning for free.
Ill be going on any form of welfare/foodstamps I can get once I pass that one year unemployed mark and I hope it comes straight out of your pension. Maybe Obama will spot me an iToy.
Willing to move to Texas?
No state income tax.
Net exporter.
Lawmakers only meet for a few weeks every other year.
Right to work state (few unions).
Leading the nation in job creation for many years.
Plenty of cheap labor.
Plenty of ignorant competition.
Texas, if you can't make it here, you probably can't make it anywhere.
Willing to move to Afganistan for the right experience haha. Ive applied for a few leadership/financial development programs that happened to be in texas but Im taking a closer look now. Thanks for the tip. It looks to be a bigger hub than I had thought and there are some good opportunities in energy in particular.
You have the bs machine going - I know plenty of 20 somethings, mostly college grads, that are way underemployed - but working while they look for something closer to their skill level, and are not finding it. I don't know what crowd you hang with, but the vast majority of young people I know are working, about 1/4 working two crap jobs, while trying to find a better job. None of them is asking the gubermint to help them.
What young person wants a career flipping burgers or greeting Walmart customers anyway...?
Right.....maybe its the young people demanding for better working conditions, more say and a better understanding of why their pay isn't keeping up with living costs (thanks, Bernanke!), and being fed up with peddling Chinese crap while being suppressed at a corporate gig where management just does not give a fuck about them when it comes to nut cutting time.
"Take your job at Walmart, serf".
NO person at America, young, old, etc.......should have to settle for this crap. Dissent is waning and it's not because of desire...we read the internet. It's there.
Desent is waning because corporations and the political elites spend billion of dolalrs telling the uneducated masses that settling is OK.
That's the one thing I cant stand fro mthe professional left" - they tell you its OK to settle, that the "good jobs are coming". It's all bullshit, just like the GOP and their hatred of women, brown people, and taxes on big corporations (but it's OK to raise *my* taxes, tho).
Yeah, why flip burgers for a year or two when you know damn well you're qualified to be a CEO if only those old 60 yr.olds would just step down and hand the keys to the executive washroom to you.
Life just isn't fair anymore..
Why aren't those kids in the army? America is at war with everybody right now and they need fresh meat on a daily basis!
Darn it, Ben is not printing fast enough.
I'm ordering my DOW 4000 hat now.
Hey maybe it will be at 4000 when you get the hat - next tuesday.
what's up with vix? It's 18 and a change?
Where do I sign up for some of the Gubment free shit?
you really think a "free market" exists? Bah ha ha ha ha ha !!!!
oh, ask my friend in Ohio, she'll tell ya http://www.youtube.com/watch?v=tpAOwJvTOio
http://www.benefits.gov/
What type of benefits are you looking for?
I'd like to benefit from the few billion rounds of ammunition recently bought by the Feds. Do they include that in option "Other", "Insurance", or "Disaster Relief" ? Maybe I should check them all... will they ship to my bug out location?
Will be adding to my long lead position this weekend.
Where is "All of the above"?
hedgeless_horseman, that's a fake, joke website - correct? YES?
"
What is Benefits.gov?
- The official benefits website of the U.S. government
...
- Learn about FREE MONEY and GRANTS
"
Where do I sign up for some of the Gubment free shit?
You forgot the most important.
( you are talking about getting money without having to work)
Interest
Dividends
corporate welfare
ponzi (stock market) winnings
The first two are returns on savings; anyone is freely able to take advantage of them, same as the fourth.
The third one is a return-on-investment for investing in the Lobbying industry. You're going to wanna group up with like-minded people to take advantage of that one.
When the dow is down 400 and gold is up $75 and treasuries are selling off I will get interested.
Fonz! Good to see you. A couple of days ago Doc said you were still struggling with power outtages post Sandy. Everything all good now?
Hey good to see you too. I am in good shape now. I have power and am up and running for the most part. The gas situation is still horrible, but that is an inconvenience at most. How are you doing?
Great, thanks. An army of locals with chainsaws did most of the heavy lifting before FEMA got here. We had power back within 24 hours.
Good to hear. Glad you have dependable locals. My locals were too busy yelling about last night to lift anything up. Anyone hear from Kito lately? Now that Romney is buried I am curious about his thoughts.
Bullish for Susquehanna hat company on Bagel street
http://www.youtube.com/watch?v=THZV5g1CNZM
I'm thinking a crash helmet would be more appropriate than a baseball cap.
Big Kali passed Proposition 30, raising its top marginal income tax rate from 9.3% to 13.3% -- nearly as high as New York State's ruinous 15.4% rate under Nelson Rockefeller.
Naturally the teachers unions were all over this sickening display of untrammeled government greed.
And it's not as if their neighbors in Nevada and Washington (who pay NO state income tax) live any worse.
Adios to Kalifornia!
Americans, in general, are intellectually retarded, physically obese and morally bankrupt.
But, as George Carlin might say, "I'm certainly not referring to this fine crowd".
i disagree, we Americans are generally decent people overall, no better or worse than anyone else. i do like the Carlin quote though.
How do you explain the sorry state of America then? Particularly when it comes to voting and understanding issues?
The new top rate is retroactive to 1/1/12 !!!! .....and the Raging Kenyan is working on an even bigger piece of the action from the " rich ".
This will be bullish for ( gubmint ) jobs.
Tha Bernank has given the PPT their orders:
Dow 13k MUST be defended. I don't care how much it costs.
My hard work in the past 12 hours to monopolize production of "DOW 1K=Back To Work" t-shirts is gonna pay off like a son of a bitch!!!!
Weeeeeee!!!!111
BTW, totally called this yesterday. I knew they rise in the market was to draw the suckers in for reality day.
HFT-mongous!
Now, where did I put that Dow 10,000 cap?
DavidC
It's that "fiscal cliff," according to the MSM..
Has absolutely nothing to do with it being official of another 4 years of Obama & crew...
"sell in Feb and go away"....and buy thanksgiving week....clockwork to get and keep most of the 12 month range....
sell on valentines day, buy thanksgiving ....
"sell in Feb and go away"....and buy thanksgiving week....clockwork to get and keep most of the 12 month range....
sell on valentines day, buy thanksgiving ....
So....
Silver gets smacked down like almost 1.5 %..???
Fuck YOUS both timmy and ben
Yous are fucking traitors to the world...
..................FUCK YOUS both.
and your ESF....
These motherfuckers lied every step of the way in terms of metrics to win the election....day after the election the machinery turns off, they pat each other on the back for the great job, and all the shit falls apart. Why is anyone shocked by this?
On a positive note, there will be another 1MM workers falling out of the workforce and unemployemnt will drop to 6.9%.
Forward. Voting is the best revenge.
Benji has your back. He has been sitting on his wad for a couple of months and he is about to go CTRL-P all over your ass.
No way it closes at these levels. No way.
Why not? "They've" got the election now, they don't care.
DavidC
Yall bitchez got it wrong. The bernank smokes trees and fucks bitchez and that money chopper is full of 3.40 er 3.50.. er.... 3.60 gasoline and he gots dolla dolla billz yall!
We will close only down 130
mkt obama reaction?? seriously?? mkts topped 9/14 and 10/5....maybe you can say that is when Robamaney lost momentum to Obamaney....
Rush was right, there are riots! he just had his 'class warfare' glasses on upside down!
service industry personnel everywhere are bracing for retaliation....euro-style tipping from the elite when they have their cars parked and have dinner lamenting their net worth dipped from 10million to 8.5 million..."I'm really not doing that outdoor kitchen renovation on the lake house now, dammit!"
Last night I was a little dispondent so I went over to market watch and did a little reading. I decided to short everything this morning and pulled at 13k, that is how you do it biotches! Obama just made (edit to add-me) quite the bundle! Now Market Watch has an article up blaming Europe! Geez, it drops off a cliff the morning after and STILL has nothing to do with Obama. Will be watching for trends the rest of the day, now if only Obama starts talking about his France style tax plan.
Alright, at what point do the feds implement their corrections, she is still heading south.
What is to stop them buying all the stock available in the entire universe?
They sit on the printing machine, and nothing is stopping them.
The only stop will be when people refuse to accept dollars.
That will have to happen.
When?
The only change anyone is getting is from the "Take a penny, leave a penny" dish
..and those vaneered portraits of Lincoln might not be there in '13, if Tiny Tim has his way.
By the way, what the heck is up with the password problem? Each time I log in I have to email myself a new login. Has been this way for about 8 months.
no problems here
That sounds like an NSA artifact on your hard drive.
Biotches probably stealing my stock advice from frelling emails. Bastards taking my advice with no payment. Typical government theives.
You are being watched?!
B ut I think you will fail on the responsetime!
It is back up above...will it hold?
Hope OFF (I was going to say jerk, but considered it a little indelicate.)
1400 will hold. POTUS's first BBM last night was to Ben: "Ben, you still with me? Great, make sure that Kevin guy is in the driver's seat tomorrow AM, OK?"
Gotta love CNBC's "Rise Above" BS. CNBC viewership has dropped to the point that they have given up any pretense of objectivity and asking congress to stop their ratings free-fall.
Must sell moar ad time.
i noticed that. shameless.
ES off 27pts. and risk F/X only off marginally! WTF? At least King dollar roared back. The 1/2 life of the election was less than Draghis save the euro speech a couple months ago. We're on the event horizon, Bitches :-)
no-one is playing in the vix casino either
Buzz I gotta hunch Asia markets are going to be a bloodbath later. They are heavily overbought.
Sorry for the Bitches mispel, Bitchez...
3x short snp. now it's gonna pay.
snp just broke 1400!
all hail obama!
Nope, 14k here we come.
PMs getting hammered this morning. Back to business as usual.
The good news is that we'll break this fukker sooner than later and maybe finally make the structural monetary changes needed.
Is anyone cashin in on being short today?
It seems likely. The least manipulated polls and the best probability tools and prognosticators consistently pointed to an Obama victory. And, it was known in advance that his victory would produce carping and wishes for failure so he could be blamed some more.
So how many are profiting mightily?
I'm in cash in my retirement funds (gold not allowed), if that counts.
I have been long SPXU. It should pay off. Up 6% today!
Yeah, cashed out of a VIX play. I think tomorrow will be an up day. We might get down to the 200dma on spx but this looks like capitulation selling. I might be done going short for at least a week. But I sure won't be going long, LOL. This fucker is going down hard once we either get downgraded or go over the fiscal cliff. Grats to all the bitchez who stayed short!
Meanwhile in Boston ... Mitt Romney the former Presidential candidate and unsuccessful challenger to Barack Obama's Presidency was seen boarding a private jet tail number GTFO with destination Caribbean island state. Likely the Caymans.
Is the money finally leaving town? Could we be so lucky to see a proper currency restored and a system that pays for the fruits of my labor as opposed to the system that pays those who manipulate the fruits of my labor so they can pay themselves without lifting a finger?
Manipulate the fruits of your labor? Oh, you mean like Obama, Bernanke, Corzine and, well, you get it. You most certainly get it.
I'll bet some eur/usd traders got their faces ripped off today. If they went to sleep with out trailing stops set, they woke up and shit the office carpet.
Real simple. Old folks are better workers. They are on time and do their jobs. HR knows what its doing.
These folks are working because they're supporting grandkids and their adult children.
The "too good" generation of high expectations and low will to work is self-indulgent and spoiled. They were riding high on the easy credit Tusnami and now the waters have receded. Underneath the great wave is destruction.
Even though there was real economic growth in the 1950's, people lived lean. They knew the difference between money and credit/debt.
Dollars may be cheaper today, but if you are paying back debt, they are even harder to get.
I imagine most of the ZHers are trying to make money with money, find that asset upon which to bet, since it is so damn hard to build assets with any lasting value and maintain them for the long term.
Thank goodness they are mere mortals. They will retire/expire eventually.
The boomers built the credit bubble. They have debt which is why they need to keep at it. Why do you think they can't retire?
The young don't have that debt. They never qualified other than their stupid student loans which will never get paid.
The debt/credit system is done because the young don't get sucked in that easy.
Forget any reflections on the 1950's. That was before the gold standard was lifted and Glass Steagall was repealed. Those two events set the perfect trap for the boomers and they swallowed the bait, hook line and sinker.
Better work ethic has got nothing to do with it. Around my farm we put people to work who are physically capable. Plenty of young people who know how to use a shovel and their backs don't give out.
*****They never qualified other than their stupid student loans which will never get paid.*****
I don't believe this is a fact or even a possibility. All, gov't gauranteed, student loans will get paid back.
If the student doesn't pay it the loan will accumulate interest and if the debtor ever applies to collect Social Security the creditor can GARNISH THE DEBTORS SOCIAL SECURITY BENEFITS!
If the debtor dies before the creditor is paid the government (taxpayer) will pay the creditor for the principle AND THE ACCUMULATED INTEREST.
If a 20 year old graduates, has a $50,000 student loan gauranteed by the gov't and doesn't make payments the $50,000 will collect interest until the student dies, lets say at 85 yeras old, and then the creditor/bank will get the principle and 45 years of interest from the taxpayer.Student Loan debt is not dischargable in bankruptcy court.
Scary isn't it.
what is 45 years of interest on initial principle of 50K at 7.5%?
The interest would be $5451994.86 + the original $50,000 borrowed = $5,501,994.86
Now you see why there are 100 commercials trying to get you to borrow money to get an education.
DO NOT DO IT!
IT WILL BANKRUPT sOCIAL SECURITY FOR SURE.
SS is already bankrupt, balance sheet wise and cash flow wise, requiring funds from the general budget to make up the cash flow shortage.
Govt guaranteed student loans are just another windfall for banks, keeping profits, passing losses on to taxpayers.
It's the next credit bubble after the housing credit bubble collapsed, it's more or less govt guaranteed too with Bernanke buying up MBS.
Govt guaranteed debt bubbles are the future and banks couldn't be happier.
Currency printing needed to buy up all the defaulting debt from banks will destory the US dollar, but that's a minor price to pay for looting the nation dry.
Yes! Agreed!
Imagine $50,000 borrowed, $5,000,000 paid back to the bank.
100X ROI guaranteed.
I am paying mine back. I want my SS benefits.
It will be a rude awakening for the poor bastards who don't think they have to pay those loans back! Taxpayers included.
The moneychangers will get their pound of flesh and then some.
reminds me of when gs tried to crash the markets after qe1 and 2. i think ill just wait for 18k before i go hat shopping. it isnt about the economy. it is about the paper.
one of these with some 10 round clips will be a real crowd pleaser.
http://www.cheaperthandirt.com/product/GUN-1919?utm_source=EmailDirect.c...
COPPER doesn't lie.
Yep, COPPER chart tells the real story as the Wile E. Coyote sell off gets going.
Bearish SPX daily chart dominates all else once again including overextended USDX daily chart.
http://trader618.com
http://www.zerohedge.com/news/2012-12-24/market-analysis
On a long enough timeline...
Come on, what's wrong with a little irony. Naive and self-indulgent youth vote for four more years of debt, borrowing and hopium, and are rewarded with slavery and unemployment. " Four more years!" "Four more years!" "More free stuff!"
LEAN FORWARD - WE'RE NOT DONE FUCKING YOU