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Is This The Hope You're Looking For?

Tyler Durden's picture





 

Occasionally history repeats. Sometimes history rhymes. Just One Year Ago, the market world was saved... Happy Thanksgiving (and Hope-taking)

 

 

Chart: Bloomberg

 


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Wed, 11/21/2012 - 18:15 | Link to Comment LouisDega
LouisDega's picture

Happy Thanksgiving to all

Wed, 11/21/2012 - 20:50 | Link to Comment This just in
This just in's picture

Who is such a miserable human being that they would down arrow "Happy Thanksgiving?"

 

Good Lord.  We are doomed.

Wed, 11/21/2012 - 21:24 | Link to Comment alfred b.
alfred b.'s picture

 

    Well, do you really want to wish J. Diamon, blankfein, barnanke and the rest of fraudulent banksters and crooks in washongtin a "H T"...

 

 

 

Wed, 11/21/2012 - 22:23 | Link to Comment tsx500
tsx500's picture

vegans ?

Wed, 11/21/2012 - 22:33 | Link to Comment ptoemmes
ptoemmes's picture

Probably some Turkey.

Thu, 11/22/2012 - 06:20 | Link to Comment Seer
Seer's picture

Indians?

Thu, 11/22/2012 - 09:57 | Link to Comment EHM
EHM's picture

The Pilgrims were bailed out by the Native Americans only to steal from them later.

Wed, 11/21/2012 - 18:17 | Link to Comment edb5s
edb5s's picture

"These aren't the hopes you're looking for..."

Wed, 11/21/2012 - 18:18 | Link to Comment FischerBlack
FischerBlack's picture

The market trades on fundamentals and technicals. I learned that from the Scotttrade commercial.

Wed, 11/21/2012 - 18:24 | Link to Comment Spitzer
Spitzer's picture

And I learned that on ZeroHedge by an astute commenter named Million Dollar Bonus.

__________________________

George Washigton is a Nazi

Wed, 11/21/2012 - 18:46 | Link to Comment Rainman
Rainman's picture

The e-trade baby taught me I'd be a smarter, faster trader if I bought a Smartphone...the little bastard.

Wed, 11/21/2012 - 20:03 | Link to Comment edb5s
edb5s's picture

Especially if you get the Knight Capital algo app to go along with it.  No one will trade faster!

Thu, 11/22/2012 - 03:03 | Link to Comment faustian bargain
faustian bargain's picture

The John Hancock commercial mocks the worry-warts by saying the sky still isn't falling. I hate that commercial...keep wishing an anvil would come crashing down on all those vapid wives' heads after they 'tut-tut' their husbands.

Thu, 11/22/2012 - 06:42 | Link to Comment Dry Drunk
Dry Drunk's picture

Hey Fischer, you forget your paper about noise traders (dumb guys like me) and their effect on the market? Maybe for your name you chose unwisely.

Wed, 11/21/2012 - 18:20 | Link to Comment Frastric
Frastric's picture

Notice how the S&P 500 corrects in a smaller amount and Benny and co step in to 'save the world'. With a converging sequence of progressively smaller drops will even a 1% correction be tolerated?

Wed, 11/21/2012 - 18:20 | Link to Comment max2205
max2205's picture

Looks like higher prices ahead. Thanks for the chart. Ryming

Thu, 11/22/2012 - 12:16 | Link to Comment funthea
funthea's picture

only if QE8 is anounced.

Wed, 11/21/2012 - 18:25 | Link to Comment Bay of Pigs
Bay of Pigs's picture

Almost time to celebrate and go shopping!

Now where's my kevlar vest and football helmet?

Wed, 11/21/2012 - 18:42 | Link to Comment willwork4food
willwork4food's picture

They won't work. I've got a new HAL9000 Taser.

Don't even think of grabbing that last sale item from meh..

Wed, 11/21/2012 - 21:59 | Link to Comment toady
toady's picture

I have my .45 & Kevlar. I'm just the getaway driver, but I like to be prepared.

Happy Thanksgiving!

Wed, 11/21/2012 - 18:27 | Link to Comment Mr Lennon Hendrix
Mr Lennon Hendrix's picture

Groundhog Day starring Bill Murray

Wed, 11/21/2012 - 18:32 | Link to Comment LoneStarHog
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Groundhog Day starring Bill Murray

Wed, 11/21/2012 - 18:32 | Link to Comment LoneStarHog
LoneStarHog's picture

Groundhog Day starring Bill Murray

Wed, 11/21/2012 - 18:33 | Link to Comment LoneStarHog
LoneStarHog's picture

Groundhog Day starring Bill Murray

Wed, 11/21/2012 - 18:34 | Link to Comment LoneStarHog
LoneStarHog's picture

Groundhog Day starring Bill Murray

Wed, 11/21/2012 - 21:07 | Link to Comment Ness.
Ness.'s picture

They say our love   won't pay the rent...

 

Before it's earned, the money's all been spent.

Wed, 11/21/2012 - 21:34 | Link to Comment SumDumGuy
SumDumGuy's picture

I see what you did there.

Wed, 11/21/2012 - 18:33 | Link to Comment A Lunatic
A Lunatic's picture

Groundhog Day starring Bill Murray

Wed, 11/21/2012 - 18:35 | Link to Comment LoneStarHog
LoneStarHog's picture

Groundhog Day starring Bill Murray

Thu, 11/22/2012 - 00:18 | Link to Comment jimijon
jimijon's picture

Come on and get it right!

Thu, 11/22/2012 - 02:05 | Link to Comment Mississippi Truth
Mississippi Truth's picture

Groundhog day starring Bill Murray!

Wed, 11/21/2012 - 19:20 | Link to Comment slackrabbit
slackrabbit's picture

Printing Day starring Ben Bernake

Wed, 11/21/2012 - 18:27 | Link to Comment jcamargo
jcamargo's picture

Bernanke should dress in red for Christmas.

Wed, 11/21/2012 - 18:31 | Link to Comment Mr Lennon Hendrix
Mr Lennon Hendrix's picture

Dude, he's jewish.

Wed, 11/21/2012 - 18:35 | Link to Comment americanspirit
americanspirit's picture

Make that - Bernanke should be drenched in red, pouring out of a hole between his eyes, for Christmas and I'll be with you 100%.

Wed, 11/21/2012 - 18:46 | Link to Comment willwork4food
willwork4food's picture

Sounds enchanting but they'd just tag Jamie or get Madoff out of his retirement program.

Thu, 11/22/2012 - 12:29 | Link to Comment xtop23
xtop23's picture

Exactly. The problem is systemic. Although, I'll admit, that I would love to see Bernanke fighting for scraps of food on the floor of a dungeon with a pack of hungry Rottweilers.

Thu, 11/22/2012 - 06:53 | Link to Comment Dry Drunk
Dry Drunk's picture

Red like the devil, although I've never seen diablo, although I have seen some reindeer swimming across a fiord.

Thu, 11/22/2012 - 06:24 | Link to Comment Seer
Seer's picture

No, simple black and white would be sufficient.  Jail suit or bullseye, take your pick.

Wed, 11/21/2012 - 18:47 | Link to Comment AC_Doctor
AC_Doctor's picture

Is the 12/12 global save going to be a 25% US, EU & Japanese currency devaluation that will happen over the weekend with a Monday bank holiday to boot.  Cool, an extra holiday in December this year!!!

Wed, 11/21/2012 - 18:54 | Link to Comment fonzannoon
fonzannoon's picture

Why does the US need to devalue? They tell me everything is going great.

Wed, 11/21/2012 - 21:19 | Link to Comment Ness.
Ness.'s picture

This market is well offs it's lows.

 

Have you seen housing stocks lately?  That whole HP thing was just an accounting misunderstanding.

 

GM is back babeee!

 

Wed, 11/21/2012 - 20:54 | Link to Comment Beam Me Up Scotty
Beam Me Up Scotty's picture

That might make you feel better about your recent boating accident.

Thu, 11/22/2012 - 06:55 | Link to Comment Dry Drunk
Dry Drunk's picture

Semenship is not what it used to be.

Wed, 11/21/2012 - 18:52 | Link to Comment booboo
booboo's picture

Full speed ahead on maximum limit Polyvinyl chloride magnetic stripe interest attached feeding frenzy.

Wed, 11/21/2012 - 19:10 | Link to Comment adr
adr's picture

I know how to break the market. I will go all in. I have the absolute worst luck in the world and the second I go all in, I will be guaranteed to lose everything.

SO who wants to backstop my losses so I can still eat?

Wed, 11/21/2012 - 21:38 | Link to Comment AllWorkedUp
AllWorkedUp's picture

Me fucking too. Sometimes I think the market has a particular program set just to attack every holding in my account. I keep telling myself nobody can be this wrong all the time, I could throw fucking darts at 100 different stocks and do better.

Thu, 11/22/2012 - 01:35 | Link to Comment Pareto
Pareto's picture

I have often felt that as soon as my order is filled, the classic digital NYSE tape flashes "Attention: Pareto has just taken 10 out of the money calls on ABX - front month.  Lets stop him out."  Kinda makes you feel paranoid even just talking about it. lol

Wed, 11/21/2012 - 19:16 | Link to Comment northerngirl
northerngirl's picture

Will this insanity ever stop?

Wed, 11/21/2012 - 19:29 | Link to Comment chump666
chump666's picture

Wow, the old school commies would be turning in their graves.  To think that their fixed priced market theory via our insane central banks actually took off in the West.  Rhythms?  History repeating?  Yeah...It ends.

 

Wed, 11/21/2012 - 19:33 | Link to Comment Everybodys All ...
Everybodys All American's picture

Ctrl-P is running low on usefulness. Personally, I don't see more printing  working and Bernanke is admitting as much himself when allowed to speak freely. The president and Congress will determine Bernanke's next action though. The bond market will really begin to take notice when the US goes from sterilized QE to out and out printing of the forty billion a month. The reality holding Bernanke back from monetizing I would think is the potential for a further downgrade of US debt. If he prints and we get downgraded all the usefulness will be gone over night with the downgrade. Quite a quandry.

Wed, 11/21/2012 - 20:57 | Link to Comment Beam Me Up Scotty
Beam Me Up Scotty's picture

I thought full steam ahead was 85 billion a month....

Thu, 11/22/2012 - 06:32 | Link to Comment Seer
Seer's picture

Well, to be correct we should note that the real influx of money occurs when the US Treasury asks the Fed to print.  Bernanke has stated that Congress needs to take responsibility.  No idea whether they're just playing good-cop, bad-cop; BUT... it's clear that the Fed is looking more and more like it's being staged to be the one left holding the bag.  I've theorized that the Fed will be the black hole of debt, that it'll suck it all up and then implode, leaving the US govt to distance itself by saying that the Fed was "independent."

NOTE: I'm NOT defending any of these scoundrels.

Wed, 11/21/2012 - 19:54 | Link to Comment virgilcaine
virgilcaine's picture

Bernank has the poison with QE, the Markets have the cure.. downgrades, defaults and falling asset prices.

Wed, 11/21/2012 - 20:22 | Link to Comment Manipuflation
Manipuflation's picture

Are the algos trading this one yet?  Pretty low volume.  Alright, that's it, I am going to spend Thanksgiving avoiding the family, while drinking heavily, and figuring out how to make an accessory that can attach to and instantly turn an iPhone(any model) into a one-hitter at a moments notice.  What could go wrong?

http://www.marketwatch.com/story/marijuana-dispenser-a-classic-penny-stock-story-2012-11-21?link=MW_story_investinginsight

Wed, 11/21/2012 - 20:31 | Link to Comment chump666
chump666's picture

does look like a bull run end year, china PMI is due, if it's over 50 fudge. 

might as well ride this.

Wed, 11/21/2012 - 22:28 | Link to Comment chump666
chump666's picture

...or not.

Asia looks f*cked, even on a good PMI print from China

Wed, 11/21/2012 - 20:48 | Link to Comment whoknoz
whoknoz's picture

here's good rumor fodder: my little credit union in RI just now "could not process" my electric request to move $4m from my saving to checking...don't believe they will be answering the phones tomorrrow...or maybe until Monday...and who knowz what could happen by then...

Wed, 11/21/2012 - 20:56 | Link to Comment dirtyfiles
dirtyfiles's picture

when all is too dandy and perfect is the weakest moment for the structure to collapse..... waiting

Wed, 11/21/2012 - 21:03 | Link to Comment orangegeek
orangegeek's picture

It's unlikely that we would see an encore performance going into year's end.

 

http://bullandbearmash.com/chart/sp500-daily-climbs-higher-volume/

 

Very unlikely, but you never know what the algorithms are capable of - they do seem to have a mind of their own - when decline profits and revenues is bullish.

Wed, 11/21/2012 - 21:27 | Link to Comment Flakmeister
Flakmeister's picture

Speaking of hope, umm, I mean hype...

http://crudeoilpeak.info/us-shale-oil-hype

Wed, 11/21/2012 - 21:48 | Link to Comment Hulk
Hulk's picture

I'm hearing (msm) energy independence by 2020. We have gone fucking insane...

Wed, 11/21/2012 - 23:27 | Link to Comment archon
archon's picture

That's Orwellian doublespeak for, "We'll be energy independent, but since we'll be living in the stone age, the only energy we'll need is open flames to cook our meat..."

Thu, 11/22/2012 - 06:34 | Link to Comment Seer
Seer's picture

Got wood?

Thu, 11/22/2012 - 01:29 | Link to Comment Flakmeister
Flakmeister's picture

The MSM confuses the US with North America, and they think that if you can export enough coal to offset your oil imports on a BTU basis you are winning...

To top it off, they listened to the guy using a ruler to extrapolate the Bakken production....

Wed, 11/21/2012 - 21:41 | Link to Comment AllWorkedUp
AllWorkedUp's picture

Note to self. Sell everything a week from Friday.

Wed, 11/21/2012 - 22:30 | Link to Comment chump666
chump666's picture

0217 GMT [Dow Jones] The USD/CNY falls with the yuan hitting the 1% daily upper limit again on heavy dollar selling orders in the market.

 

Wed, 11/21/2012 - 23:47 | Link to Comment mt paul
mt paul's picture

any body know how to

freebase a turkey ...

Thu, 11/22/2012 - 07:20 | Link to Comment Dry Drunk
Dry Drunk's picture

Hold the turkey down, and perform gravity bomb, funneling a 3-megaton crack cloud over turkey's beak for about 5 minutes.

Thu, 11/22/2012 - 07:44 | Link to Comment goat
goat's picture

First you need a really big spoon.

Thu, 11/22/2012 - 03:24 | Link to Comment pfairley
pfairley's picture

The Headline suggests 2011 is the wrong analogy or the right analogy? Or he doesn't want to commit himself...just fun being a wiseguy and posting pictures?  

It inspired lots of uninformed comments. So maybe this author deserves a raise and a cushy job at Twitter.

Thu, 11/22/2012 - 06:36 | Link to Comment Seer
Seer's picture

Perhaps the take-away is that some things are better left unsaid?

Thu, 11/22/2012 - 06:38 | Link to Comment panic
panic's picture

Out of college, money spent,
See no future, pay no rent,
All the money's gone, nowhere to go.
Any jobber got the sack,
Monday morning turning back,
Yellow lorry slow, nowhere to go.

You never give me your money....The Beatles/Abbey Road

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