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AAPL, Market Go Vertical On House Conference Call News

Tyler Durden's picture




 

It appears that our expectation for a 3:35 pm rumor was some 45 minutes too late. No sooner than headlines crossed the wires that:

  • *U.S. HOUSE SAID TO PLAN 6:30 P.M. SESSION ON DEC. 30
  • *REPUBLICAN AIDE REPORTS FROM HOUSE MEMBERS' CONFERENCE CALL

then stocks ramped instantly to their VWAPs and beyond... efficient markets? whocouldanode? This way at least, when nothing happens on Sunday night, as nothing will (as it comes three days before Boehner's reelection), the flashbacks to the TARP 1 vote will be front and center, but the good news is that the downside will be limited by the limit down barrier in ES.

S&P 500 futures...

 

AAPL...

 

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Thu, 12/27/2012 - 15:50 | 3099638 Dollar Bill Hiccup
Dollar Bill Hiccup's picture

Yep. That's an efficient market. Discounting future cash flows of fiction.

Thu, 12/27/2012 - 16:08 | 3099647 TruthInSunshine
TruthInSunshine's picture

YES!!!

Hope floats, change sinks & rumors VWAP!!!

(And a rising tide lifts all sewage for a little while longer)

Joe Weaselfailure has a Boom! chart that he drew with a crayola crayon showing a few of his favorite things, such as "Scott Brown's Bottom," and "Boner's Ramp."

Thu, 12/27/2012 - 16:09 | 3099698 walküre
walküre's picture

I keep asking myself when are we taking these piggies to the market? Why do we keep feeding Congress piggies when they're so useless. I'm all for a cut in spending. Disolve the entire herd of pigs in DC and on Wall Street and see how far we can get with our hard earned incomes. The barn is too full and we need to make some room. The Wall Street breed of pigs is scamming the population out of their money and the DC pigs are aiding and abeting the Wall Street pigs in the process because it benefits them. Two breeds of pigs have taken over the barn and everyone else is suffering. A good cleanse and culling of the herd is long overdue.

They're cutting support to about 2 million unemployed instantly. Nobody cares. Keep these 2 million on the trough and reduce the number of fat pigs. A whole lot of lean and mean piggies can survive on the same rations we're feeding to the fat pigs.

Thu, 12/27/2012 - 16:20 | 3099723 ZippyBananaPants
ZippyBananaPants's picture

How much money have those congress cocksuckers made in options trading this inside info?

Thu, 12/27/2012 - 16:30 | 3099733 strannick
strannick's picture

Apple defies gravity (despite the findings of Newton). Meanwhile gold treads water (despite having the heaviest specific gravity of the elements)

Thu, 12/27/2012 - 16:36 | 3099759 CPL
CPL's picture

It's public record somewhere, just look it up.  If they've built an option around whatever they wanted to, there should be a tonne of paper work associated with it.  Always paper work somewhere on any financial offering.  You would need to find out who they bank with, that can be obtained with a looksie at where their children live.  Most of these families get involved with their childrens finances/home purchases and act as the second signature to obtain the best rate for their kids using their credit and name to do so.  That should give you the bank.

Start sniffing around from there.

 

Thu, 12/27/2012 - 17:05 | 3099826 Big Slick
Big Slick's picture

Not so sure about that CPL, unless you and I understand it differently.  I think the reference was to buying equity options with illegal information.  If I was a Congressman and I wanted to unethically buy S&P calls off of this info (repetitive terms I know; Congressman and unethical), I would do it through my brokerage firm (or some shadow account) neither of which would have anything to do with my local bank or where my kids live. 

If someone wanted to sniff, I would seek the brokerage firm of the Congressperson (if I knew it) and maybe someone who works there.  It bothers me how easily and with little whim the customer service people at my brokerage house look into my account.  If I had a friend on the inside... ooooohhh boooy!!!

 

Thu, 12/27/2012 - 17:17 | 3099854 knukles
knukles's picture

Is No Illegal Trading for Congress

Hey guys and gals, don't forget, SEC regs concerning trading on non-public material inside information does not apply to our August Honorable Public Servants in the Congress.

Remember?
They wuz gonna tak care that a year or so ago?

 

And they did naught, nada, zip, zilch, still legal for them pigs more equal than other pigs.

Thu, 12/27/2012 - 17:21 | 3099863 Big Slick
Big Slick's picture

thanks for the reminder knukles.  forgot about that little gem.  I'm gonna go back to my general gnashing of teeth and ripping of garments.  The only thing that gets me through the day is that there WILL be judgement of these scum... in this world or the next.

Thu, 12/27/2012 - 20:36 | 3100316 knukles
knukles's picture

"there WILL be judgement of these scum... in this world or the next."

Amen, my brother.
This is the reason for which Judgement and Hell were created.

Fri, 12/28/2012 - 08:44 | 3101198 Fizzywig
Fizzywig's picture

What makes you think we are not living in hell already? 

It reminds me of an episode of 'The Outer Limits' in which a ship of humans is frantically trying to escape a hoard of alien invaders who require human hosts to survive.  The humans make a narrow escape from their horrific demise; only to find out at the end that they were indeed overrun and subdued and the aliens injected them with a chemical which allowed them to dream that they actually escaped.

Thu, 12/27/2012 - 17:08 | 3099835 Stoploss
Stoploss's picture

I like the way you think CPL.

Thu, 12/27/2012 - 16:51 | 3099796 Buckaroo Banzai
Buckaroo Banzai's picture

How much? The answer is, one metric shit-ton of money. But since insider trader is 100% legal for members of Congress, you can't say they are breaking any laws. All they are doing is taking advantage of their position to better themselves at the expense of the taxpayer.

Wait. Are you saying that's bad?

Thu, 12/27/2012 - 16:23 | 3099731 The trend is yo...
The trend is your friend's picture

So fuckin predictable.  These Shysters know the next big one will be the last big one for a very long time.  They need to keep it up forever now, they own the market and no one is their to sell it to.  Retail is out and Hedge funds know the game all to well to be suckered in.  The only ones holding the bag are long only mutual funds.

 

Thu, 12/27/2012 - 16:47 | 3099783 Winston Churchill
Winston Churchill's picture

Just amazing levitation displayed.

They could make an honest fortune in ED treatment.

Thu, 12/27/2012 - 16:44 | 3099778 Stoploss
Stoploss's picture

Can they cast their VOTE on a conference call????

I dont think so.

LOL!!  WE'RE GONNA HAVE A CONFERENCE CALL, THAT OUGHT TA FIX IT!!

 

Thu, 12/27/2012 - 17:18 | 3099858 knukles
knukles's picture

The European Way

Thu, 12/27/2012 - 17:34 | 3099903 greensnacks
greensnacks's picture

Exactly. Haven't we seen this script play out before? How many "Merkel and Draghi agree to meet" headlines did Europe throw out to prevent their markets from crashing, only to not accomplish much of anything.

Thu, 12/27/2012 - 16:56 | 3099810 ACP
ACP's picture

Yup, VWAP'd again!

Thu, 12/27/2012 - 17:01 | 3099818 derek_vineyard
derek_vineyard's picture

get 'em all drunk w/ plenty of hookers (male and female) and see if they will sign at 11:59 pm on 12/31/12

Thu, 12/27/2012 - 17:05 | 3099828 Banksters
Banksters's picture

Retail investors went all in on the news.  SNARK

Thu, 12/27/2012 - 17:18 | 3099856 Stoploss
Stoploss's picture

Will some one with half an operating irradiated Fukushima brain, please update the House Press Gallery??

OR SHUT THE FUCK UP ABOUT A MEETING NOT IN THE DAILY PRESS RELEASE.

 

For fucks sake..

Thu, 12/27/2012 - 18:53 | 3100078 Stoploss
Stoploss's picture

Thank you.

Shit.

Thu, 12/27/2012 - 19:19 | 3100136 ball-and-chain
ball-and-chain's picture

Good citizens of Metropolis.

I see deflation.

We might get another housing crash.

Gold and silver will take a hit.

You will all lose your shirts.

But relax.

I also see dead people.

http://www.angrysinner.blogspot.kr/2012/12/yesterday-dragon-lady-served-spare-ribs.html

Thu, 12/27/2012 - 15:52 | 3099639 devo
devo's picture

This is unhealthy.

Everyone should read The Great Crash...the behavior is almost identical.

Thu, 12/27/2012 - 16:37 | 3099739 Kaiser Sousa
Kaiser Sousa's picture

unhealthy????let me help you out homie...

THE STOCK MARKET IS A FUCKING RIGGED, MANIPULATED FUCKING BANKER CASINO!!!

where's the rocket ship ramp in the only 2 forms of real money which having been sold ofF all fucking month in the phony paper futures market only to trade sideways all fucking day during this Fiscal Cliff charade!!!!!!!!

 

FUCK YOU BERNANKE AND YOUR BITCH ASS SOCIOPATH BANKER COCKSUCKER BRETHREN!!!!!

Thu, 12/27/2012 - 16:55 | 3099807 Nobody For President
Nobody For President's picture

Hey Kaiser, when are you gonna let us know how you REALLY feel?

Thu, 12/27/2012 - 17:06 | 3099829 Kaiser Sousa
Kaiser Sousa's picture

my fucking pleasure....

Thu, 12/27/2012 - 17:23 | 3099875 WTFUD
WTFUD's picture

Am feelin you bro. . . still its a kinda Magic

Thu, 12/27/2012 - 19:48 | 3100205 optimator
optimator's picture

Careful with your words, a few real casino may sue you for slander.

Thu, 12/27/2012 - 16:39 | 3099763 Hobbleknee
Hobbleknee's picture

Who is the author?

Thu, 12/27/2012 - 16:50 | 3099790 devo
devo's picture

John Kenneth Galbraith. He's a Keynesian, but sticks to the facts in this book and leaves opinion/philosophy out of it. You'd think he was writing about 2012 reading it.

Thu, 12/27/2012 - 18:16 | 3100002 Hobbleknee
Hobbleknee's picture

thanks

Thu, 12/27/2012 - 16:41 | 3099770 JLee2027
JLee2027's picture

Been "unhealthy" for 40 years. My only question is when does the piper get paid?

Thu, 12/27/2012 - 16:54 | 3099802 devo
devo's picture

Average people are starting to take notice, though. E.g. My girlfriend's mother (a baby boomer) was here over Christmas, and she said she was thinking about getting out of the stock market entirely because something didn't feel right, and she's afraid of losing her life savings. This woman plays everything by the book and is very pro establishment. If these types follow intuition and start cashing out of the casino...

Well, nothing will happen, we'll just have a month straight of Rule 48.

Thu, 12/27/2012 - 17:21 | 3099864 adr
adr's picture

She accounts for .oooooooooooooooo1% of the market today, so her taking money out won't even register. There are no retail investors anymore, only idiots throwing their life savings away that believe the scam that they can get rich without work. That somehow the Roths, the Rocks, and the Morgs will let them.

Thu, 12/27/2012 - 17:33 | 3099896 devo
devo's picture

Well corporations do produce goods and services, so they have value. I have no idea if old money is scamming everyone...that falls into paranoia and conspiracy, which I try like hell to avoid. I have 20% in PMs just in case I need it, and then forget about that side of the argument.

Stocks are overpriced but that will correct through the next few earning seasons. I still think this deflationary cycle puts the DOW at 8500 at some point. That seems fair market value given the economic climate and without the FED enabling leverage/speculation.

Thu, 12/27/2012 - 20:36 | 3100315 Brendon Carr
Brendon Carr's picture

You try like hell to avoid paranoia and conspiracy and you're reading ZeroHedge?

Thu, 12/27/2012 - 17:32 | 3099891 WTFUD
WTFUD's picture

Agreed everyone starting with Ben B! Ya?

Thu, 12/27/2012 - 15:52 | 3099640 DrDinkus
DrDinkus's picture

buying the dip (in treasuries) all the way down...thanks bernanke, you FK!

Thu, 12/27/2012 - 15:52 | 3099641 francis_sawyer
francis_sawyer's picture

Righteous Bucks...

~~~

~ Jeff Spicoli

Thu, 12/27/2012 - 17:08 | 3099782 Jeff Spicoli
Jeff Spicoli's picture

All we need are some tasty waves and a cool buzz .... The doctor said this market can be huffed for a long time before any permanent damage occurs

http://www.youtube.com/watch?v=uf5rIuJPTt0

Thu, 12/27/2012 - 15:52 | 3099642 rubearish10
rubearish10's picture

Heads, they win, tails,,,they win too! 

Thu, 12/27/2012 - 15:59 | 3099649 WhiteNight123129
WhiteNight123129's picture

Nope, Heads, they win, heads they win... there is no tails on this coin. But there is fat tail lurking elsewhere....

 

Thu, 12/27/2012 - 15:59 | 3099671 francis_sawyer
francis_sawyer's picture

Best two out of three...

~~~

http://www.youtube.com/watch?v=33L-CigE_b0

Thu, 12/27/2012 - 16:04 | 3099686 rubearish10
rubearish10's picture

Elsewhere like FX and US Tsys?

Thu, 12/27/2012 - 18:03 | 3099979 WhiteNight123129
WhiteNight123129's picture

Let us put that way, the 30 years yield is way to low in relation to inflation expectations. Don t know which way it will play out though, if this is the inflation expectation which normalize against TSY (S&P bearish, Gold so-so, TSY slightly up), or inflation expectations which keep rising (Treasuries bearish, Gold bullish), or the Treasuries market rallies like mad on the upside while inflation expectation stay at 2.55% (TSY would risk a pullback, Gold would get very volatile on the upside).

I do not know the resolution, but I would go short treasuries, short overpriced consumer discreationary US, long selective China stocks, Long Gold, short some Brazilian consumption stocks (hedge against long equities China).

 

 

 

 

Thu, 12/27/2012 - 17:23 | 3099872 adr
adr's picture

TAILS! I always bet tails.

But he is using a two headed coin.

So, I always bet tails. It's principle. Can't change now.

Thu, 12/27/2012 - 15:52 | 3099644 WhiteNight123129
WhiteNight123129's picture

Circus and Circus and more Circus...

 

Thu, 12/27/2012 - 16:31 | 3099747 WTFUD
WTFUD's picture

Giving you a thumbs up! 2 if you had added Clowns to the lat circus.

Thu, 12/27/2012 - 15:53 | 3099646 Shizzmoney
Shizzmoney's picture

I feel like I'm watching a snuff film.

Thu, 12/27/2012 - 15:56 | 3099658 Stoploss
Stoploss's picture

Unfortunately, we are the snuffee's.

Thu, 12/27/2012 - 16:20 | 3099721 Itch
Itch's picture

May i recommend The History Of Snuff?... be warned, its exciting.

http://www.youtube.com/watch?v=ZNFIYByVXCE

Thu, 12/27/2012 - 16:27 | 3099744 robertocarlos
robertocarlos's picture

You will find that a pinch of snuff is most efficacious.

Thu, 12/27/2012 - 15:54 | 3099648 Ying-Yang
Ying-Yang's picture

applesauce

Thu, 12/27/2012 - 15:54 | 3099650 Cdad
Cdad's picture

The entire U.S. equity market is a complete laughing stock.  Just ridiculous.

Way to go Wall Street!

Thu, 12/27/2012 - 16:34 | 3099754 WTFUD
WTFUD's picture

. . . that's all folks. . .
i heard a rumour. . .

Thu, 12/27/2012 - 15:54 | 3099651 orangegeek
orangegeek's picture

Follow the NASDAQ100 folks.

 

http://bullandbearmash.com/chart/nasdaq100-hourly-gaps-50-points-hour-re...

 

AAPL will be hard pressed to move in the opposite direction of this index.  Equally, AAPL will be hard pressed to outperform the index.

 

AAPL follows the NASDAQ100 closely.

 

http://bullandbearmash.com/saved-bundle-nasdaq100-apple-september/

Thu, 12/27/2012 - 16:05 | 3099687 gmak
gmak's picture

It is about 20% of the Q's, no? So no surprise given all the closet indexers out there.

Thu, 12/27/2012 - 16:08 | 3099695 gmak
gmak's picture

It is about 20% of the Q's, no? So no surprise given all the closet indexers out there.

Thu, 12/27/2012 - 15:54 | 3099652 ekm
ekm's picture

It would have bounced even without that. If not today, it would have bounced tomorrow, or Monday.

It can't drop. It's impossible to drop. Since Primary Dealers basically own everything at this point, their only option is to keep selling to each other until the order comes to create a black hole underneath.

It's this simple.

The order will come when the economy will use the last drops of crude oil available for consumption, but plentifully stored in onshore and offshore tankers.

Thu, 12/27/2012 - 16:24 | 3099736 robertocarlos
robertocarlos's picture

I don't drive so I was shocked to see gasoline at $1.05 a litre yesterday when it was $1.29 a litre in the summer.

Thu, 12/27/2012 - 16:31 | 3099742 ekm
ekm's picture

Where is $1.05 liter? Where do you live?

It's gona fall way, way, way more. At a blip of an eye.

Thu, 12/27/2012 - 22:22 | 3100566 robertocarlos
robertocarlos's picture

Winnipeg MB. It is $1.06 most places and 1 dollar a litre at Domo.

Thu, 12/27/2012 - 16:41 | 3099769 WTFUD
WTFUD's picture

. . .aaalll right, don't play hard to get, it's a freee world, all you have to do is fall in love, Play the Game; Evveerybody Play the Game. . .

Thu, 12/27/2012 - 15:54 | 3099654 Jason T
Jason T's picture

House??  What about the Senate?  Thought it was the Senate that needed to vote on the 2 plans the house passed?

Thu, 12/27/2012 - 17:27 | 3099882 knukles
knukles's picture

Details, details

Thu, 12/27/2012 - 15:55 | 3099655 Winston Churchill
Winston Churchill's picture

Half hour early on the rumor today.

So are they planning to plan a house recall or is it a proposal on planning to

plan it ?

Thu, 12/27/2012 - 15:57 | 3099661 ekm
ekm's picture

Everybody wants the cliff, but nobody wants the blame. That's the only game.

Thu, 12/27/2012 - 16:03 | 3099681 TruthInSunshine
TruthInSunshine's picture

In KronyKomradeKapitalist Amerika, Cliff & Mountain Come To You!

Thu, 12/27/2012 - 16:10 | 3099701 ekm
ekm's picture

Boehner just ordered that millions of dollars be spent in airfares, hotels etc for congresmen for just a show.

Thu, 12/27/2012 - 16:31 | 3099749 youngman
youngman's picture

Maybe they are coming back to clean out their desks and moving back home after filing their resignation letters.....one can dream can´t one

Thu, 12/27/2012 - 16:53 | 3099798 HD
HD's picture

 A true Christmas miracle that would be. +1

Thu, 12/27/2012 - 17:23 | 3099873 knukles
knukles's picture

I can rent'em space in my Mom's basement

Thu, 12/27/2012 - 15:58 | 3099667 Stoploss
Stoploss's picture

House is not coming back.

Remember, they were the only ones who did anything.

So, now, Harry is crying...

Too bad, so sad.

Thu, 12/27/2012 - 16:05 | 3099689 Salon
Salon's picture

Ok cool. I am gonna sit tight and be right.

Thu, 12/27/2012 - 15:56 | 3099660 Seasmoke
Seasmoke's picture

Steve Jobs should have been man of the year.

Thu, 12/27/2012 - 15:58 | 3099663 Say What Again
Say What Again's picture

ES ramped up to the 50% line [ (H+L)/2 ].  Its been interesting how often the 50% line is equal to VWAP by the end of day.  A the moment of the Liar's Ramp, the 50% line (for ES) was 1407.25

Thu, 12/27/2012 - 15:58 | 3099665 NeedleDickTheBu...
NeedleDickTheBugFucker's picture

So will Geithner be down on bended knee to John Boehner?

Thu, 12/27/2012 - 15:59 | 3099673 Super Broccoli
Super Broccoli's picture

ridiculous

Thu, 12/27/2012 - 16:00 | 3099675 walküre
walküre's picture

LaLa Land

Thu, 12/27/2012 - 16:04 | 3099685 Salon
Salon's picture

Hey?

Whut just happened to my short positions?

Sucks to be me.

Thu, 12/27/2012 - 16:09 | 3099697 Salon
Salon's picture

Yeah Salon.

U forgot to look around the table to identify the sucker.

Thu, 12/27/2012 - 16:06 | 3099691 debtor of last ...
debtor of last resort's picture

I believe this shit goes on, even when civilions are at least 7 months on barter, the same bs as from this side of the pond. Boehner/Barosso bs months after i threw my phone in the toilet and work for a local farmer after 3 months on catfood.

Thu, 12/27/2012 - 16:08 | 3099696 Yen Cross
Yen Cross's picture

Shit man! I was just getting good at making "Origami Black swans"... Now I got's to make some paper " Red herrings"...

Thu, 12/27/2012 - 16:48 | 3099787 WTFUD
WTFUD's picture

i could not take you oh so serious really, when you called and said you'd seen a UFO.

Thu, 12/27/2012 - 17:25 | 3099879 knukles
knukles's picture

He told you, too?

YC, whatchu tellin' every body our secret?
We promised Ogg and Buzap we wasn't gonna tell about the anal exams....

Thu, 12/27/2012 - 16:09 | 3099699 DonS
DonS's picture

Ramp that ES !!!!!

Thu, 12/27/2012 - 16:11 | 3099703 the not so migh...
the not so mighty maximiza's picture

THEY ARE GOING TO PRINT MONEY SO WE ARE ALL NOT GONNA DIE.....HOOOORAH!!!!!!!

 

Thu, 12/27/2012 - 16:12 | 3099706 ptoemmes
ptoemmes's picture

So, a free iPad mini for all must be part of Plan C, D, E, F...

Thu, 12/27/2012 - 16:14 | 3099711 Say What Again
Say What Again's picture

Her we go the other way.

How far can the robots push this POS back down, now that the "Public" is "all in?"

Thu, 12/27/2012 - 16:15 | 3099712 muppet_master
muppet_master's picture

did I miss something?

yawn!!! covered some spx 1420+ shorts @ 1404....went to ride my bike....came back...saw that low was 1402...and now pumped to 1414 = yawn !!!

same yawn when i was riding my shorts and pumped to 1447 = i called the TOP...added more shorts...

now i can reload those shorts that i covered today @ 1404....at 1414...while keeping most of my short core position intact. !!!

wake me  up when spx below 1000 = cover all shorts

Thu, 12/27/2012 - 16:17 | 3099714 falak pema
falak pema's picture

Hegemony has a name in the manipulatd market : its called the SPike!

And remember, Caesar's lesson : it lasted three centuries! Caramba! 

Thu, 12/27/2012 - 16:18 | 3099716 CrashisOptimistic
CrashisOptimistic's picture

You guys don't read your own thinking.

There is no market.  There is only HFT driven by headline reading algorithms.  Stop trading.  Just stop.  Take your money out and buy farmland.  

Do you really think that 10 years from now you'd regret it?

Thu, 12/27/2012 - 16:21 | 3099726 ekm
ekm's picture

It's even worse than that.

Primary Dealers have removed most of stocks from the market and retail is gone. So, HFTs are killing each other over some crums left to fight over like hienas in winter.

Thu, 12/27/2012 - 16:54 | 3099804 Karlus
Karlus's picture

F that. I am going to go get a Bentley or something nice. At least I will have something to show for it.

 

This IS a clown show and I am just going to sit back and wait for the flash crash. I like it when stocks go to zero

Thu, 12/27/2012 - 16:19 | 3099717 robertocarlos
robertocarlos's picture

You need a million man march on DC with all million men carrying an AR-15.

Thu, 12/27/2012 - 16:21 | 3099728 the not so migh...
the not so mighty maximiza's picture

When the paychecks to the goverment workers bounce, then my friend,  that might happen.

Thu, 12/27/2012 - 16:54 | 3099800 WTFUD
WTFUD's picture

. . . at least they have their sub- sidised canteens to fall back on!

Thu, 12/27/2012 - 16:23 | 3099730 mayhem_korner
mayhem_korner's picture

 

 

That's one big AR-15.

(oh...)

Thu, 12/27/2012 - 16:21 | 3099725 mayhem_korner
mayhem_korner's picture

 

 

If I say any words at all to my dog, using the same voice tone as the command "sit", she'll sit every time.  The market is no different and, frankly, no brighter.  Just tell the sheep that Boehner is meeting with...er, scratch that...tell them that Boehner is facing the direction in which the White House lies, and the market will respond.  'Bots have no discernment and the rest of the sheep are just too much in denial to see reality.

Thu, 12/27/2012 - 16:23 | 3099732 Green Horse
Green Horse's picture

Nothing good comes from that lot on a Sunday evening.

Thu, 12/27/2012 - 16:24 | 3099735 Squid Vicious
Squid Vicious's picture

I kinda like when these DC whores move the market, it's so predictable... gonna be tough if we ever have to trade on real info again...lol

Thu, 12/27/2012 - 16:25 | 3099737 Snakeeyes
Snakeeyes's picture

Government agrees to screw citizens and future generations!

http://confoundedinterest.wordpress.com/2012/12/24/santelli-if-the-fisca...

Thu, 12/27/2012 - 16:25 | 3099738 surf0766
surf0766's picture

Who cares what happens. The end is already written.

Thu, 12/27/2012 - 16:26 | 3099740 hooligan2009
hooligan2009's picture

hey i've found the animal spirits!!!!

http://www1.skysports.com/darts/

Thu, 12/27/2012 - 16:26 | 3099741 uncle reggie
uncle reggie's picture

Love the media. Ist a headline in USA Today: Consumer Confidence Falls on Fiscal Cliff Fears. Then Bloomberg: Consumer Comfort in US Hovers Near Strongest Since March 2008. What a circus!

Thu, 12/27/2012 - 16:57 | 3099814 WTFUD
WTFUD's picture

. . . I love a party when it's got an Atmosphere. . .

Thu, 12/27/2012 - 16:28 | 3099745 Gloomy
Gloomy's picture

IT'S GOING GREEN!!!!

Thu, 12/27/2012 - 16:35 | 3099755 ekm
ekm's picture

Naah. I don't think so. That'd be too, too blatant.

I'd say the order to the desks of primary dealers will come to stop at -2 or so.

Thu, 12/27/2012 - 16:42 | 3099772 ekm
ekm's picture

I'm afraid I was wrong

Thu, 12/27/2012 - 16:55 | 3099779 Everybodys All ...
Everybodys All American's picture

Nope. They'll do whatever they can to get or keep it green. It's perfect for all the volume trend followers. Green close on heavy volume is considered bullish even if it's by a point.

Thu, 12/27/2012 - 16:29 | 3099746 SmoothCoolSmoke
SmoothCoolSmoke's picture

House of Reps email sent this morning - "Get SPY call options in place by 2pm today"

Thu, 12/27/2012 - 16:34 | 3099751 Everybodys All ...
Everybodys All American's picture

CNBC loves this off the lows bullshit.

Wall St. has always been full of liars but now it extends to the financial media. Congress has had it's share of liars and yes now ordinary citizens keep voting for the liars. We all need to look in the mirror.

Thu, 12/27/2012 - 16:34 | 3099752 muppet_master
muppet_master's picture

HURRY !!! BUY HIGH !!!

spx low was 1402...but NOW you can buy it for 1417...

on Sunday 12-30-12:

either SELL ON THE NEWS (TARP like news) OR SELL bc fiscal cliff...

either way sell-off !!

Thu, 12/27/2012 - 16:35 | 3099753 khakuda
khakuda's picture

Set up the straw man, knock him down.  What a joke.  The so called fiscal cliff isn't even the issue.  The issue is intractable spending and money printing to pay the bills, along with central planning doubling down on idiocy.

"Hey, let's follow Japan's model since it's worked SO well for 20 years."

Thu, 12/27/2012 - 17:07 | 3099834 WTFUD
WTFUD's picture

. . . people/sheeple that despise you, will analyse and criticise you, they'll tell lies until they realise you, are someone they should apologise too. Don't let them people compromise you, be awise to; You! can do anything you wanna do; it's not wrong what i say its true; you can do Anything!!!

Thu, 12/27/2012 - 16:35 | 3099757 Jacque Itch
Jacque Itch's picture

Sunday?  6:30pm?  Isn't it obvious? 

Cowboys vs. Redskins bitchez!

Don't worry... Crapo's taking a cab.

Thu, 12/27/2012 - 16:41 | 3099765 virgilcaine
virgilcaine's picture

ZH headlines are now contrarian indicator! he he By the time they get the trend and put it into html format it reverses.

Thu, 12/27/2012 - 16:42 | 3099774 surf0766
surf0766's picture

We come here today not as democrats or republicans but as Amerikans working in a single party way to socialize... um I mean nationalize all your stuff...

who have your fone?

Thu, 12/27/2012 - 16:43 | 3099776 buzzsaw99
buzzsaw99's picture

it was me, i bought an e-mini

Thu, 12/27/2012 - 16:43 | 3099777 rubearish10
rubearish10's picture

For what it's worth,,,, this just plain sucks: ESH3 +1.75. What a waste.

Thu, 12/27/2012 - 16:48 | 3099786 sbenard
sbenard's picture

Is there ANYONE left who actually believes there is something called a "free market"?

Thu, 12/27/2012 - 16:50 | 3099794 surf0766
surf0766's picture

NO we covered it already 16 trillion dollars ago.

Thu, 12/27/2012 - 16:48 | 3099789 sbenard
sbenard's picture

Dow is now positive after being down 140 points today!

Thu, 12/27/2012 - 16:53 | 3099799 Say What Again
Say What Again's picture

I planned a "session" beginning at 6:30 at my house too.  I think we'll have way more fun at my house than they will at their "house."  At least the "ladies" will look better!!!  You're all invited.

Thu, 12/27/2012 - 16:54 | 3099803 cavsgt
cavsgt's picture

White House officials said Thursday that President Barack Obama will not send a fiscal cliff measure to Capitol Hill, while Republicans insisted they were expecting more details on the president's proposal.

 

An aide to Senate GOP leader Mitch McConnell, R-Kentucky, said the senator expected further details soon on what Obama and Democrats were proposing.

 

A Senate Democratic leadership member also said that more details would be provided. Both sources spoke to CNN on condition of not being identified further.

 

However, two White House officials, speaking on condition of anonymity, said the president was not sending a proposal to Congress.

 

Such parsing of words and interpretations showed the high political sensitivity over how the fiscal cliff negotiations are being portrayed to the public.

 

House leaders announced the chamber would reconvene on Sunday and could stay in session through January 2, before a new Congress gets sworn in on January 3.

Thu, 12/27/2012 - 16:56 | 3099813 rubearish10
rubearish10's picture

This is fucking distgusting!

Thu, 12/27/2012 - 19:39 | 3100181 optimator
optimator's picture

They could meet on Saturday, but there'd be a lot of member missing..

Thu, 12/27/2012 - 16:55 | 3099805 Downtoolong
Downtoolong's picture

Let me guess, instead of the ball, they're planning to drop the budget from the debt ceiling in Times Square at midnight on Dec 31. Becky Quick will be covering the event along with Kathy Lee and Hoda Kotb.

Thu, 12/27/2012 - 16:55 | 3099806 GrinandBearit
GrinandBearit's picture

All short term noise and nonsense. 

Long term, this pig hasn't got a prayer.

Thu, 12/27/2012 - 16:58 | 3099816 Everybodys All ...
Everybodys All American's picture

We are so far over the cliff it's not even funny. This is pure theater at this point. No Congress or president has the balls to admit the failures.

Thu, 12/27/2012 - 17:05 | 3099822 HD
HD's picture

McConnel: 4 pm eastern

   "Aint nothin' changed mofo's. Hope you enjoyed the vertical hopium ramp."

Thu, 12/27/2012 - 17:06 | 3099832 Yes_Questions
Yes_Questions's picture

 

 

May Skynet have mercy on us (not all, just us).  Its free to wreak order where due howver.

Thu, 12/27/2012 - 17:07 | 3099833 Waydown
Waydown's picture

Sois de risa los americanos

Thu, 12/27/2012 - 17:08 | 3099836 IridiumRebel
IridiumRebel's picture

If I get a teardrop tattoo, do the welfare checks come to the house or is it direct deposit?

Thu, 12/27/2012 - 17:09 | 3099839 Conman
Conman's picture

Reid speaking on cpsan now not painting a pretty picture of negatiations. Pretty much sounds liek nothing is being done.

Thu, 12/27/2012 - 17:10 | 3099840 Racer
Racer's picture

So 'markets' jump because they are going to have a meeting?

Hmmm, why not just say they are thinking of having a meeting, that would be good for infinitiy  gains because they could just keep delaying it, then reannounce it again

There... fiscal cliff averted .... easy...

Thu, 12/27/2012 - 17:14 | 3099841 Everybodys All ...
Everybodys All American's picture

Harry Reid is an ignorant asshole who knows no other way forward than to blame everyone in the House for why nothing is getting done in the Senate. Amazing.

Thu, 12/27/2012 - 17:13 | 3099845 GernB
GernB's picture

Wow, congress is going to meet. What exciting news. We're all saved.

Thu, 12/27/2012 - 18:06 | 3099987 DonS
DonS's picture

chart looks like my cock in the morning :)

 

 

 

Thu, 12/27/2012 - 18:06 | 3099988 DonS
DonS's picture

chart looks like my cock in the morning :)

 

 

 

Thu, 12/27/2012 - 20:18 | 3100282 q99x2
q99x2's picture

I liked the one where the banksters called the President in and said, "If you don't give us 700 billion there will be marshal law and riots in the streets."

Thu, 12/27/2012 - 20:55 | 3100364 StoleYourMoney
StoleYourMoney's picture

$AAPL will lead the market lower.

Fri, 12/28/2012 - 10:05 | 3101328 Solid Gold Bubble
Solid Gold Bubble's picture

What a wonderful reference, "AAPL, Market"

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