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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 | 3003391 LouisDega
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Happy Thanksgiving to all

Wed, 11/21/2012 - 20:50 | 3003661 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 | 3003728 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 | 3003798 tsx500
tsx500's picture

vegans ?

Wed, 11/21/2012 - 22:33 | 3003810 ptoemmes
ptoemmes's picture

Probably some Turkey.

Thu, 11/22/2012 - 06:20 | 3004146 Seer
Seer's picture


Thu, 11/22/2012 - 09:57 | 3004316 EHM
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The Pilgrims were bailed out by the Native Americans only to steal from them later.

Wed, 11/21/2012 - 18:17 | 3003400 edb5s
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"These aren't the hopes you're looking for..."

Wed, 11/21/2012 - 18:18 | 3003401 FischerBlack
FischerBlack's picture

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

Wed, 11/21/2012 - 18:24 | 3003412 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 | 3003462 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 | 3003582 edb5s
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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 | 3004059 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 | 3004158 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 | 3003405 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 | 3003407 max2205
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Looks like higher prices ahead. Thanks for the chart. Ryming

Thu, 11/22/2012 - 12:16 | 3004582 funthea
funthea's picture

only if QE8 is anounced.

Wed, 11/21/2012 - 18:25 | 3003416 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 | 3003456 willwork4food
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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 | 3003775 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 | 3003420 Mr Lennon Hendrix
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Groundhog Day starring Bill Murray

Wed, 11/21/2012 - 18:32 | 3003435 LoneStarHog
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Groundhog Day starring Bill Murray

Wed, 11/21/2012 - 18:32 | 3003437 LoneStarHog
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Groundhog Day starring Bill Murray

Wed, 11/21/2012 - 18:33 | 3003438 LoneStarHog
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Groundhog Day starring Bill Murray

Wed, 11/21/2012 - 18:34 | 3003440 LoneStarHog
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Groundhog Day starring Bill Murray

Wed, 11/21/2012 - 21:07 | 3003694 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 | 3003746 SumDumGuy
SumDumGuy's picture

I see what you did there.

Wed, 11/21/2012 - 18:33 | 3003439 A Lunatic
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Groundhog Day starring Bill Murray

Wed, 11/21/2012 - 18:35 | 3003444 LoneStarHog
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Groundhog Day starring Bill Murray

Thu, 11/22/2012 - 00:18 | 3003933 jimijon
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Come on and get it right!

Thu, 11/22/2012 - 02:05 | 3004026 Mississippi Truth
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Groundhog day starring Bill Murray!

Wed, 11/21/2012 - 19:20 | 3003512 slackrabbit
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Printing Day starring Ben Bernake

Wed, 11/21/2012 - 18:27 | 3003421 jcamargo
jcamargo's picture

Bernanke should dress in red for Christmas.

Wed, 11/21/2012 - 18:31 | 3003432 Mr Lennon Hendrix
Mr Lennon Hendrix's picture

Dude, he's jewish.

Wed, 11/21/2012 - 18:35 | 3003445 americanspirit
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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 | 3003463 willwork4food
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Sounds enchanting but they'd just tag Jamie or get Madoff out of his retirement program.

Thu, 11/22/2012 - 12:29 | 3004626 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 | 3004162 Dry Drunk
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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 | 3004148 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 | 3003466 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 | 3003477 fonzannoon
fonzannoon's picture

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

Wed, 11/21/2012 - 21:19 | 3003721 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 | 3003667 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 | 3004163 Dry Drunk
Dry Drunk's picture

Semenship is not what it used to be.

Wed, 11/21/2012 - 18:52 | 3003475 booboo
booboo's picture

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

Wed, 11/21/2012 - 19:10 | 3003491 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 | 3003754 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 | 3004002 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 | 3003503 northerngirl
northerngirl's picture

Will this insanity ever stop?

Wed, 11/21/2012 - 19:29 | 3003525 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 | 3003532 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 | 3003675 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 | 3004150 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 | 3003564 virgilcaine
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Bernank has the poison with QE, the Markets have the cure.. downgrades, defaults and falling asset prices.

Wed, 11/21/2012 - 20:22 | 3003611 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?

Wed, 11/21/2012 - 20:31 | 3003624 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 | 3003802 chump666
chump666's picture

...or not.

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

Wed, 11/21/2012 - 20:48 | 3003658 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 | 3003668 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 | 3003687 orangegeek
orangegeek's picture

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


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 | 3003732 Flakmeister
Flakmeister's picture

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

Wed, 11/21/2012 - 21:48 | 3003768 Hulk
Hulk's picture

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

Wed, 11/21/2012 - 23:27 | 3003804 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 | 3004152 Seer
Seer's picture

Got wood?

Thu, 11/22/2012 - 01:29 | 3003989 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 | 3003758 AllWorkedUp
AllWorkedUp's picture

Note to self. Sell everything a week from Friday.

Wed, 11/21/2012 - 22:30 | 3003806 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 | 3003903 mt paul
mt paul's picture

any body know how to

freebase a turkey ...

Thu, 11/22/2012 - 07:20 | 3004178 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 | 3004187 goat
goat's picture

First you need a really big spoon.

Thu, 11/22/2012 - 03:24 | 3004071 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 | 3004154 Seer
Seer's picture

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

Thu, 11/22/2012 - 06:38 | 3004157 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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