Friday Humor: How Is The "Buy Everything That Isn't Nailed Down" QE3 Trade Going?

Tyler Durden's picture

It's been a mere seven weeks since the CNBC'ers announced to the world that every widow, orphan, and pet-monkey should buy the market with both hands and feet as Bernanke just opened the gates. The exact phrase on the evening of QEternity was:

"Buy everything that's not nailed down... as bearish as I want to be, you cannot fight the Fed. You buy everything. Buy copper, which i did today, FCX which i mentioned last night. Anything else? Emerging markets! everything! Just buy it. Buy it all. You never have to short again. Buy it. I had a guy call me today trying to sell me research on the short side, and I said I'm sorry, I think you're going to go out of business. You shouldn't short anymore."

From QE3...


and from Monday: "Market Going Up No Matter Who Wins"... "as long as Wednesday mornig, we have a winner, market is going up... it's just uncertainty!" oh dear...


Things haven't quite gone as planned...

US Equity performance post-QE (and the post-election plunge at right)...

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larz's picture

I like these useful idiots - they are very consistant

buzzsaw99's picture

emerging markets, yeah, i'll get right on that. :roll:

CitizenPete's picture

Buy commodities like lead, copper, and grain: 


Lead Softpoint (SP) , copper jacket, 125 grains.


10x500 Rounds of 7.62x39mm Ammo by Brown Bear - 125gr SP  SKU:762x39125SPBrownBear-500  $1500.00

Softpoint (SP) Lead, copper jacket, 125 grains.

crusty curmudgeon's picture

LMAO.  I like simplicity, but "buy everything"?  Really?

Even if his premises were all accurate, the strategy is moronic.

Funny, I haven't yet seen anything that makes me wish I watched CNBC.

Seasmoke's picture

Bauer.............Enough said !

pebblewriter's picture

It was great advice.  I said/did the same, but made plans to exit when SPX completed a Bat Pattern at 1472.  This was the 88.6% fib of the 1576 to 666 crash and clearly not something to be ignored.

bxy's picture

Bauer is a colossal douche...........

slaughterer's picture

OT: Uh, Oh, Middle East risk is on right NOW.  

Mr Lennon Hendrix's picture

You are off topic.  The rest of us are researching buy signals on FB.

Right Bidershart?

crusty curmudgeon's picture

BoooooYaaaaaaah!!  Back up the truck.  Cramer says to load up on Farcebook and Gropeon.

devo's picture

Their balance sheet hasn't increased since QE3. I think it was all talk.

booboo's picture

"Muppets" he said "Muppets" I heard it, it was very soft but he said "muppets buy everything not nailed down"

muppet_master's picture

spx @ 1384


average short spx price = 1450...RODE FOR A WHILE...from 1474

average short EUR price = 1.315...RODE for a while...covered @ 1.272

i wanna see a 3-5% POP next week on spx...then i can reload the shorts at spx 1430 !!

muppet_master's picture

didn't short cover @ spx 1390

=the high of the day....was at the gym in the morning in CA at 0645 PST = 0945 EST when spx @ 1373...oh well.

covered at 1384...NOT 1390...and NOT at 1474 on day after QE3 !!! LOL !!!

if i didn't cover today...could have seen half my short gains disappear next week on TEMP bounce.

SillySalesmanQuestion's picture

 Buy it all. You never have to short again

Attention Muppets!!! You have been told to bend over again...

The worst trader's picture

Bla Bla Bla no one knows shit! Thats what it all comes down to. This country is broken beyond repair  so lets get to the point and roll another joint.

rubearish10's picture

Oh, so that's the guy on the offer Monday and Tuesday!

setter3's picture

From what I understand of the Fed and QE3 it hasn't started yet. The mortgage securities they have purchased were done on a 'forward' basis and don't start settling until the 14th of this month.

toomanyfakeconservatives's picture

Buying everything that isn't nailed down... that would be the ammunition cabinet at WalMart.

moneybots's picture

Things have gone as planned.  Bruce Karatz was on TV to pump up his companies stock while he was dumping it.

Come widows and orphans and buy what we are trying to dump.  Come hold an empty bag for us, while we run off with your money.

mh505's picture

Here is a piece of real humour - nothing to do with QE3 but fun just the same and a peek from the past into the immediate future  ::))