This page has been archived and commenting is disabled.

Bloodbath

Tyler Durden's picture




 

Finally, the market realizes that it was the patsy all along. This is what a real cliff looks like:

Of course, none of this news to any of our readers. From November 13:

Once again, it will be up to the market, just like last August, just like October of 2008, to implode and to shock Congress into awakening and coming up with a compromise of sorts.

But please listen to all those "expert" political journalists, reporters and pundits, who said all is well and not to worry about anything. After all they had pretty slideshows and lots of clickbait to make you believe they know stuff

The good news: ES can only drop 5%, or limit down, on Sunday night when the market gets more of the same.

The better news: SPY is open late tonight, long after ES closes.

 

And it is different this time (from the debt ceiling debate of last year) as investorsd have been herded into risk assets en masse by an over-zealous Fed head...

 

Where it likely is not at all be different, is how much further the market will have to plunge to "extract" a deal from Congress... roughly another 15-20% lower. Which with a near record margin debt on the NYSE will become quite a sight to see.

 

- advertisements -

Comment viewing options

Select your preferred way to display the comments and click "Save settings" to activate your changes.
Fri, 12/28/2012 - 17:26 | 3103007 CClarity
CClarity's picture

Post market close futures puke as Congressional leaders leave without statements. Batten down the hatches for a weekend of blather.

Santa has already come and gone.  No more "Believe" into New Year.

Fri, 12/28/2012 - 17:28 | 3103023 Death and Gravity
Death and Gravity's picture

I came.

Fri, 12/28/2012 - 17:31 | 3103037 falak pema
falak pema's picture

not a drop fell on the S&P !

Bad aim !

Fri, 12/28/2012 - 17:34 | 3103052 11b40
11b40's picture

pulled out of the S&P at the last second.  wasn't wearing protection.

Fri, 12/28/2012 - 17:36 | 3103060 icanhasbailout
icanhasbailout's picture

Feel free to join me on Twitter hashtag #HFTpickuplines

Fri, 12/28/2012 - 18:17 | 3103231 derek_vineyard
derek_vineyard's picture

not to be a dick....but isn't a bloodbath -10,20,30 or 50+%  ???

 

Fri, 12/28/2012 - 18:20 | 3103244 pashley1411
pashley1411's picture

patience, grasshopper.  its coming, its coming

Fri, 12/28/2012 - 21:14 | 3103827 tom a taxpayer
tom a taxpayer's picture

that's what she keeps saying..patience, grasshopper...its coming, its coming

Fri, 12/28/2012 - 22:17 | 3103944 Spirit Of Truth
Spirit Of Truth's picture

DJIA closed decisively below the psychologically important 13000 mark today and we are in a Puetz eclipse crash window around the full moon.  Israel, Syria, Iran and a Mideast war might prove more relevant here than the "Fiscal Cliff":

http://www.youtube.com/watch?v=HxJzS3RcB1U

http://thespiritoftruth.blogspot.com/2011/01/thousand-mark-reversals-in-...

Fri, 12/28/2012 - 23:51 | 3104129 TwoShortPlanks
TwoShortPlanks's picture

It's like WWI where no attack should be attempted between 12 noon and 1pm, instead, some lunch and a spot of Cricket should be enjoied by both sides of the battlefield....likewise, the Christmas period should be calm, but let the blood run free from here-on-in.

Get some cash ready to BTFD on the Gold sell-off to cover losses.

Sat, 12/29/2012 - 01:51 | 3104230 Michaelwiseguy
Michaelwiseguy's picture

NEW.

9/11 - The Great Conspiracy - The 9/11 News Special (FULL) http://www.youtube.com/watch?feature=player_detailpage&v=bFGhMBUORx8
Sat, 12/29/2012 - 10:25 | 3104445 AllWorkedUp
AllWorkedUp's picture

 I'm not so sure we're going to get a big selloff in gold if the market tanks, Gold may not rally, but it may not selloff all that much either.

 Commercials have been covering shorts on this latest dip and adding longs. We'll see.

Fri, 12/28/2012 - 22:11 | 3103952 old naughty
old naughty's picture

sounds like a mental masturbation.

Fri, 12/28/2012 - 21:29 | 3103854 Ookspay
Ookspay's picture

It's here... Something in my gut tells me this is the beginning of the fall. The moment some have wished for, many have feared but all knew would come. I think the it-shay is about to hit the an-fay...

Got Gold?  Got Sig? Let's ROLL!

Sat, 12/29/2012 - 08:27 | 3104381 GetZeeGold
GetZeeGold's picture

 

 

Thank goodness Mitt didn't get elected.....what is about to happen next would have set the Mormons back to the stone age.

 

Not sure what it means for black people....but in their defense I know a lot of black people that aren't stoners.

Fri, 12/28/2012 - 22:56 | 3104037 Hulk
Hulk's picture

I'll short the market and put a most definite end to this bloodbath...

Fri, 12/28/2012 - 18:24 | 3103262 Bangin7GramRocks
Bangin7GramRocks's picture

Word! 1.21% is really stretching the term "bloodbath". Wow, look at her! She lost 1.5 pounds and is now really hot!

Fri, 12/28/2012 - 19:19 | 3103474 urwright
urwright's picture

Would you have read it if it did not say bloodbath?

Fri, 12/28/2012 - 19:40 | 3103523 HardAssets
HardAssets's picture

Screaming headlines saying

 "MARKET DOWN  - 1.21 %"

just doesnt have the same eye appeal.

From their headline you woulda thought it was 1929 again.

Fri, 12/28/2012 - 19:41 | 3103572 Michaelwiseguy
Michaelwiseguy's picture

Yeah but Congress will be yapping and flapping their gums hard till Sunday to work out a deal. Hopey changy is alive and well.

Fri, 12/28/2012 - 19:47 | 3103586 barkingbill
barkingbill's picture

the market can't really go down right? i mean didn't they fix that? with globalization and PR, propaganda, global finance, and the corporate world dictatorship, there is no need for "down" anymore....right? the technocrats have a perfect world for us....just a r o u n d the corner. god i love this generation. they are so....humble...

Fri, 12/28/2012 - 20:00 | 3103645 toady
toady's picture

You missed the main reason the market doesn't go down.

They will stop trading if there is ever a major move downward.

That's the main reason its been going up for the last 5 years. It's the only direction that's allowed.

Fri, 12/28/2012 - 22:42 | 3103904 Supernova Born
Supernova Born's picture

Bernank's paper mache bubble bath.

Better climb out of the tub before it dries.

Fri, 12/28/2012 - 23:03 | 3104049 saturn
saturn's picture

I read it because of the picture.

Fri, 12/28/2012 - 19:34 | 3103542 RockyRacoon
RockyRacoon's picture

Kinda like when gold "tanks" by losing $10.   Yeah, big swing there.

Fri, 12/28/2012 - 20:36 | 3103744 Michaelwiseguy
Michaelwiseguy's picture

I pay about $10 in tax per tankful of gas every time I fill up. Even though I've gone John Galt and am unemployed. Don't feel sorry for me, my home is paid off.

Sat, 12/29/2012 - 11:25 | 3104482 freedogger
freedogger's picture

Re: bloodbath - relax folks, they didn't bring the deer out.

Fri, 12/28/2012 - 19:20 | 3103480 Jack Napier
Jack Napier's picture

True that. This is more like a finger prick... but everybody loves a sensational headline.

Fri, 12/28/2012 - 19:42 | 3103575 Element
Element's picture

I think you meant paper-cut. ;)

Fri, 12/28/2012 - 21:00 | 3103802 Lord Koos
Lord Koos's picture

Yeah. not like ZH ever indulges in hyperbole or sensationalism.

Fri, 12/28/2012 - 22:22 | 3103972 mkkby
mkkby's picture

ZH says another 20% down coming.  I hope that happens just so I can buy more gold cheaper.  I still wouldn't buy stocks unless ES went down to 600.

Sat, 12/29/2012 - 13:12 | 3104634 pavman
pavman's picture

There's always Monday.  Thinking I might short to make some EOY, pre-tax green.  Then again, I might just sleep in and not care.  Just as long as I can buy my equities back cheaper later, I'm all good.  Albeit, the whole tax increase thing is really annoying.  Jokes on us, but then what recourse do we have with such a low ratio of representation in the limp dick err lame duck congress?

Fri, 12/28/2012 - 22:31 | 3103990 Chupacabra-322
Chupacabra-322's picture

@ 11b40,

the rythm method isn't going to save you for the shit storm we're in. 

Sat, 12/29/2012 - 09:20 | 3104411 TruthHunter
TruthHunter's picture

"I came."

In your shorts?

Fri, 12/28/2012 - 17:30 | 3103026 TruthInSunshine
TruthInSunshine's picture

At around 9:30 p.m. EST on Sunday, December 30th, there will be a rumor intentionally leaked to the Lame Stream Press that Obamney & Boehner met over tea and crumpets and are "close to a deal."

Fri, 12/28/2012 - 17:32 | 3103044 fonzannoon
fonzannoon's picture

Bingo TIS. This post close drop will be retraced like it never happened.

Fri, 12/28/2012 - 17:43 | 3103088 MsCreant
MsCreant's picture

It was my first thought reading this. They will BTFD. I wish I was not this jaded but I have seen this episode too many times. 

Fri, 12/28/2012 - 17:47 | 3103105 Debt-Is-Not-Money
Debt-Is-Not-Money's picture

"...I have seen this episode too many times. "

Lucy, Charlie Brown, and the Football are still with us!

Fri, 12/28/2012 - 18:06 | 3103188 Shell Game
Shell Game's picture

STFU&BTFD

 

I'll never get tired of that..

Fri, 12/28/2012 - 18:14 | 3103221 cougar_w
cougar_w's picture

http://www.zerohedge.com/article/buy-dip

We <3 our ZH classic collection.

Fri, 12/28/2012 - 22:25 | 3103977 mkkby
mkkby's picture

I never tire of the ZH deer.

Fri, 12/28/2012 - 21:41 | 3103881 Threethreethree
Threethreethree's picture

We have become as Pavlov's dogs. Each time the market goes down, we get a little news, and it goes back up. Simple operant conditioning.
We have become like dogs, salivating at the ringing of the dinner bell.
We are conditioned to buy the dips.

This time it is different. The game has changed. There will be no bell, and there certainly will be no dinner. We will wait as we salivate, only to watch as the dinner never comes.

Why might it be different this time? Because you must now learn who the master is. The master seeks to conglomerate his power, and he will do just that. It is not about the market, it is about power. It is about faith. It is about stirring up all of the dogs so that they turn on themselves to feed.

Order will give way chaos.

There is simply no other path.

333

Fri, 12/28/2012 - 22:53 | 3104033 WmMcK
WmMcK's picture

More like Pavlov's cow (with the bell around it's own neck).

Fri, 12/28/2012 - 18:04 | 3103178 Biggvs
Biggvs's picture

Monday is December 31st, a day which might as well be known as National Paint The Tape Day.

Fri, 12/28/2012 - 19:53 | 3103553 HardAssets
HardAssets's picture

Like playing craps in a casino . . . 'hmmmm, lets see - market up or market down Monday ?"

As for analysis - - - that went out the window a long time ago.

Except now I find myself thinking - -" How can the criminals screw over as many people as possible ?" and then I bet that way. Maybe you should study criminology rather than finance.

Sat, 12/29/2012 - 13:16 | 3104647 pavman
pavman's picture

The easiest way is to just take the money and say sorry, the CEO didn't know and the money's gone.  Oh wait, they've already done that and gotten away with it... let's see if they now do it en mass in 2013.  Time to buy physical... and/or take your cash out of accounts that are no longer safe (e.g. all of them...).  I just don't know what my bank would say if I asked for $100k in small, unmarked bills. ;)  And I bet the gubermint would make it really hard (if they haven't already) to put that money back into the system later.

Fri, 12/28/2012 - 18:30 | 3103284 Miffed Microbio...
Miffed Microbiologist's picture

Me too msC! I just got out of surgery and was hoping to awake in a new sane world. Oh well.

Miffed:-)

Fri, 12/28/2012 - 17:41 | 3103079 Cursive
Cursive's picture

@TruthInSunshine

I agree with you, but does anyone think anything will be done this year?  Not likely.  The "market" waited until just now to realize this?  Not likely.  This is one of those times when a thinking man wonders what the market makers have up their collective sleeves.

Fri, 12/28/2012 - 17:45 | 3103097 MsCreant
MsCreant's picture

Congress driving it down so they can BTFD maybe?

Fri, 12/28/2012 - 17:55 | 3103142 WonderDawg
WonderDawg's picture

Congress doesn't decide the direction, but they do get advance notice.

Fri, 12/28/2012 - 17:59 | 3103158 MsCreant
MsCreant's picture

I stand corrected. Agree. I do think they can know what their own interests are and decide to do nothing.

Fri, 12/28/2012 - 18:32 | 3103290 max2205
max2205's picture

Dont be stupid.  Congress can still legally frontrun the news flow.  

Plus Ben will tell them when to go all in.  

 

 


Fri, 12/28/2012 - 20:45 | 3103768 DaveyJones
DaveyJones's picture

but that would be breaking the law. They take oaths you know... and have plaques

Fri, 12/28/2012 - 21:09 | 3103817 Miffed Microbio...
Miffed Microbiologist's picture

Crap daveyjones, I read plagues instead plaques. For a second I was in a blissful euphoria. Reality bites once again. Oh... Here comes my Vicodin, I can be a sheeple again for a couple of days.

Miffed:-)

Fri, 12/28/2012 - 19:45 | 3103434 scatterbrains
scatterbrains's picture

I would think these greedy basdids would demand more volatility than just a little whoops move at the close before commencing a Sunday night rally. I'd like to think these fuckers want to see at least a 25 to 30% move first before covering their insider tipped positions.  Plus gold would have been up today if that was the game plan... I would think anyway.

Fri, 12/28/2012 - 19:06 | 3103408 sessinpo
sessinpo's picture

Wow.

The Tea Party Caucus has about 14% of Congress, which means little influence. And some of those people that support the Tea Party have been removed from various  committee assignments.

People that believe that the Tea Party is the problem or has that much influence are like the the lunatics that believe that the few millions of Jews control the Billions around the world. Down arrow for you and LiesInDarkness.

And I will happily take the down arrows and stand in the minority. So far out of all the positions I have stated, I have been right the majority of the time, and happily profited from. I'll happily take an opposing position as I take money from YOUR wallet.

Fri, 12/28/2012 - 19:26 | 3103502 MsCreant
MsCreant's picture

I do not understand your comment. Who said a thing about The Tea Party? 

Fri, 12/28/2012 - 19:48 | 3103591 Element
Element's picture

Think it's possibly a rogue troll-bot that de-localised from 2009

Sat, 12/29/2012 - 09:55 | 3104433 GetZeeGold
GetZeeGold's picture

 

 

Norad has just confirmed it....yes it was a troll.

Fri, 12/28/2012 - 17:49 | 3103115 valley chick
valley chick's picture

already Pelosi coming out with a statement that they are moving FORWARD.  Don't have to wait till Sunday...TIS.

Fri, 12/28/2012 - 17:55 | 3103141 The Gooch
The Gooch's picture

FOARWARD!

Fri, 12/28/2012 - 22:41 | 3104010 tenpanhandle
tenpanhandle's picture

FOURWORDS  - let them eat cake.

Sat, 12/29/2012 - 08:57 | 3104397 GetZeeGold
GetZeeGold's picture

 

 

Four more - let them pound sand.

Fri, 12/28/2012 - 18:17 | 3103233 Nobody For President
Nobody For President's picture

I also read that Nancy Pelosi had trouble finding her car after the meeting. Really.

If she really thinks things are moving forward, she may not be able to find her ass - with either hand.

MSM theater of the absurd - no - bizzare - no ahhhh

words fail me.

Monday is going down. There is NO way they can make any deal except maybe just extend everything 30 days. Game theory for both sides sez they won't do it - time to hold hands and jump off the fiscal curb together.

But the fucking after market today on TZA was somethun', wern't it Mabel?

Fri, 12/28/2012 - 23:26 | 3104089 Harbanger
Harbanger's picture

"I also read that Nancy Pelosi had trouble finding her car after the meeting. Really."

Pelosi doesn't look for her car.  What makes you think she even drives her car.

Sat, 12/29/2012 - 10:19 | 3104398 GetZeeGold
GetZeeGold's picture

 

 

I hope she doesn't drive a car. That much botox and driving doesn't mix well.

Fri, 12/28/2012 - 21:09 | 3103818 Town Crier
Town Crier's picture

Heroes: Pelosi and crew marching up the stairwell of the Twin Towers.

Fri, 12/28/2012 - 21:16 | 3103832 Town Crier
Town Crier's picture

But wait, the Twin Towers heroes didn't set the fire.

Fri, 12/28/2012 - 22:34 | 3103994 mkkby
mkkby's picture

Thank goodness for Pelosi, Boner, Reid and Obama.  They really have our best interests at heart and can be counted on to do the right thing.

Fri, 12/28/2012 - 19:10 | 3103422 Chupacabra-322
Chupacabra-322's picture

@ TruthInSunshine,

Absolutely!  This is all deception and illusion/political therater.  A deal has already been cut by the Criminal Minions by their real Global Elite Bankster Masters. 

I'll go one better and say the bankruptcy and THE UNITED STATES restructureing has also already been done.  Welcome to the NWO of Global Aurthoritarian Police State Fascist Rule.  Run by the Global Criminal Crime Syndicate Banksters.

Fri, 12/28/2012 - 19:35 | 3103556 Christophe2
Christophe2's picture

Rather, what we see now is the theater play that is meant to make that pre-established 'deal'/decision somehow passable.

 

The debt itself is a joke (our own money was printed/debased to 'lend' to our own governments, and others), but nonetheless because 'the stock markets'/financial system will go down unless a 'deal' is made to extend and pretend, all of society will need to sacrifice even more blood money to pay off these insane parasites...

 

The 'deal' will be ever so reasonable: the poor, the middle AND the upper classes will all share some of the pain.  Isn't that wonderful?  And at the same time, the news stations feel like they have lots to say.

Fri, 12/28/2012 - 20:18 | 3103703 HardAssets
HardAssets's picture

There's 'upper class' and then there's "Upper Class"

Unless youre a connected billionaire with all your money off-shore, you ain't in the big club.

You get to make your interest/tribute payments to those guys. . . and everyone else gets to duke it out for the scraps in class warfare (with a little tinge of race war maybe thrown it too). Divide and conquer has a successful track record going back many centuries.

Sigh.

Fri, 12/28/2012 - 22:35 | 3103999 Chupacabra-322
Chupacabra-322's picture

@ Christophe2,

"all of society will need to sacrifice even more blood money to pay off these insane parasites..."

Do not forget, if the Host is killed the parasites die. 

Sat, 12/29/2012 - 05:42 | 3104324 TPTB_r_TBTF
TPTB_r_TBTF's picture

do not forget,

if this host dies,

the parasites move on to the next host...

Fri, 12/28/2012 - 22:42 | 3104005 mkkby
mkkby's picture

Thanks for the heads up, Chupac...  I registered the domain "Global Criminal Crime Syndicate Banksters".  Eat that, banksters.

Fri, 12/28/2012 - 22:24 | 3103953 Harbanger
Harbanger's picture

Truthinsunshine, Why do you say Obamney & Boehner, not Obama & Boehner?  They're all the same?  The election is over, Obama owns the economy and our future.  The MSM is already protecting the Pres. from any blame, we deserve what we have coming. 

Sat, 12/29/2012 - 00:29 | 3104169 SheHunter
SheHunter's picture

Word.  At which time we'll see the same insane retrace as yesterday when the MSM jubilantly reported a Sunday meeting.

Fri, 12/28/2012 - 18:14 | 3103134 El Oregonian
El Oregonian's picture

CLIFF-ISMS:

Cliff Clavin (of "Cheers" fame):

1) "It's a little known fact that the smartest animal is a politician. Scientists say if politicians had thumbs and a language, they could be trained to do simple manual labor. They give you 20-30 years of loyal service and then at their retirement dinner you can eat them."

2) "They did a study between politicians and chimpanzees. They proved chimps were 32% slower. Of course, they were better with public relations."

Fri, 12/28/2012 - 19:35 | 3103555 upWising
upWising's picture


AT THIS POINT, all we can do is take some advice from the great comic, Lily Tomlin:

––“Things are going to get a lot worse before they get worse.”

––“Reality is the leading cause of stress amongst those in touch with it”

––“No matter how cynical you become, it's never enough to keep up”

––“We have reason to believe that man first walked upright to free his hands for masturbation.”


Fri, 12/28/2012 - 19:30 | 3103519 ball-and-chain
ball-and-chain's picture

People just don't get it.

There is no cliff.

Wall Street runs Washington.

The tail is wagging the dog.

If Goldman Sachs says compromise, then there will be a compromise.

The money-men rule.

http://www.angrysinner.blogspot.kr/2012/12/yesterday-was-freezing.html

Sat, 12/29/2012 - 00:02 | 3104140 unplugged
unplugged's picture

A last minute kick-the-can deal will be reached at last minute - money in the bank.  That's all they know how to do.

Fri, 12/28/2012 - 17:26 | 3103008 achmachat
achmachat's picture

but this is a good thing.. isn't it?

Fri, 12/28/2012 - 17:26 | 3103010 doomandbloom
doomandbloom's picture

Remain Calm

Fri, 12/28/2012 - 22:53 | 3104030 spanish inquisition
spanish inquisition's picture

Yes, remain calm.

What happend is a controlled demonstration of the Feds power of what may happen should you not come to a desicion that gives the treasury and Fed what they want. Should the Fed actully lose control, the market would lose 15-20%, completely collapsing the financial (political contribution)system. This is only a test.....

Fri, 12/28/2012 - 17:26 | 3103012 IridiumRebel
IridiumRebel's picture

if this was a real market I would care. I could care less by a bunch of algo-bots fucking each other. 

Fri, 12/28/2012 - 17:37 | 3103067 ghengis86
ghengis86's picture

You could care less? I couldn't. Fuck this shit. I've been out of this 'market' for two years now (thanks to ZH). I'm only into real markets that trade real, tangible assets. Rental real estate, PMs, land, lead and boats (I'm not a good sailor; I always seem to sink my vessels laden with PMs.). Pretty soon I'll be writing Casey-esque articles about which of my ten villas in South America is best post-SHTF!

Bitchezz!

Fri, 12/28/2012 - 17:45 | 3103096 IridiumRebel
IridiumRebel's picture

I got what used to be 3K still in as fuck money that I do not even count. Everything else is PMs, cash and RE. I'm with you. 

Fri, 12/28/2012 - 19:58 | 3103634 tango
tango's picture

But if you had an opportunity to make money would you take it? I learned long ago that ideology is not a good method for investing. Yes, we will collapse...but t will not be tomorrow or next week or next year. Notice that Tyler seems to follow (is always quoting) folks like JP Morgan, Goldman and the financial gurus.

There are cycles for ever asset class and with the absurd FED policies the market is still a good temporary investment.

Sat, 12/29/2012 - 02:40 | 3104247 ghengis86
ghengis86's picture

Agree with everything up until the last eight words. Actually, just one word - 'investing' - is the only thing wrong IMHO. Yes, you can stil make money in the market if you can trade well. But that's not investing. I don't have the time to day trade in and out of positions. I'm not nearly smart enough either. I'm one of those sheep, retail investors that thought, up until a couple years ago, that putting money into the market was investing. It's not and I realized that. So with my limited 'investing' skill set, I put my money where:
a) it will never go to zero
b) it is not backed by paper
c) it is real and tangible
d) it will preserve wealth and provide cash flow (PM and RE)
e) it gives the bankers a big, fat, FUCK YOU! as my money will not be their plaything, rehypothecated, Corzined or otherwise

So, yes; seize your opportunity to make some more fiat when you can. Props to you and I wish you the best. Me - I'm okay playing this out passively as shit begins to like up on the fan.

To each his own.

Fri, 12/28/2012 - 17:27 | 3103015 Godisanhftbot
Godisanhftbot's picture

 The Fecal cliff is a product of a dog catcher in the WH and a Boner on the other side of the fence.

Fri, 12/28/2012 - 17:27 | 3103017 GrinandBearit
GrinandBearit's picture

Beaks!.... where the hell is Beaks???

Fri, 12/28/2012 - 17:32 | 3103045 Buckaroo Banzai
Buckaroo Banzai's picture

"Turn those machines back on!!!"

Fri, 12/28/2012 - 17:34 | 3103051 GrinandBearit
GrinandBearit's picture

Mortimer, your brother's not feeling well, we should call a doctor...

FUCK HIM!

Fri, 12/28/2012 - 17:58 | 3103156 pinkyringcapital
pinkyringcapital's picture

What are THEY doing here?? ...they're SELLING...

Fri, 12/28/2012 - 17:43 | 3103092 A Nanny Moose
A Nanny Moose's picture

Female?!?

Fri, 12/28/2012 - 20:20 | 3103706 Woodrox
Woodrox's picture

Beeks

 

Fri, 12/28/2012 - 20:20 | 3103707 Woodrox
Woodrox's picture

Beeks

 

Fri, 12/28/2012 - 17:28 | 3103018 buzzsaw99
buzzsaw99's picture

in that case gold was one half a patsy

cash and bonds, not so much

Fri, 12/28/2012 - 17:41 | 3103078 ApollyonDestroy
ApollyonDestroy's picture

See you at the party Richter!

Fri, 12/28/2012 - 17:28 | 3103019 Justlookatit
Justlookatit's picture

Grab the parachutes

Fri, 12/28/2012 - 17:28 | 3103021 Rainman
Rainman's picture

yo...who the ballzy playerz gonna buy up that fukkin dip ?....step right up

Fri, 12/28/2012 - 17:35 | 3103053 Turin Turambar
Turin Turambar's picture

I bought up some UVXY PoS in the $19s and am just going to ride this charade out and make some money for a change.

Fri, 12/28/2012 - 17:39 | 3103073 A Man without Q...
A Man without Qualities's picture

Not sure which is more ballsy - buying the dip or staying short over the weekend.  If these guys cobble any sort of deal together this weekend, and chances are they will, it's going to rip your face off on Sunday night..

 

Then go short....

Fri, 12/28/2012 - 17:54 | 3103138 Debt-Is-Not-Money
Debt-Is-Not-Money's picture

Right!

It's the second mouse that gets the cheese!

Fri, 12/28/2012 - 18:01 | 3103144 Rainman
Rainman's picture

My New Year's resolution is to make no more red or black bets in '13 ......still got a few days left though. Even those Mayans went the other way on me, the little bastards.

Fri, 12/28/2012 - 17:28 | 3103022 Mentaliusanything
Mentaliusanything's picture

Even the market wants Goverment Cheese. Tell them to go stand in the line.

Fri, 12/28/2012 - 17:30 | 3103027 falak pema
falak pema's picture

Roller coaster and deal or real cliff? 

Fri, 12/28/2012 - 17:30 | 3103028 lasvegaspersona
lasvegaspersona's picture

tick tock tick tock tick tock

Fri, 12/28/2012 - 17:57 | 3103152 The Gooch
The Gooch's picture

:stop: (!)

Fri, 12/28/2012 - 18:04 | 3103177 WTFUD
WTFUD's picture

My 3year old loves that one! tick tock tick tock the clock is always ticking. . . it's time. . . . many a tear has to fall but itza aaalll in da GAME. . . . row row row ya boat gently down the stream; merrillly merrilly . . life is but a dweam.

Fri, 12/28/2012 - 18:20 | 3103245 Goldenballs
Goldenballs's picture

BBBBBOOOOOOOOOOOOOOOOOOOOOOMMMMMMMMMM

Fri, 12/28/2012 - 17:31 | 3103034 Undecided
Undecided's picture

Nothing a nice bottle of Courvoisier, some puts and precious metals won't fix over the weekend.

Sat, 12/29/2012 - 10:25 | 3104444 GetZeeGold
GetZeeGold's picture

 

 

Just make sure you have a stop loss on your equties over the weekend....just to be safe.

Fri, 12/28/2012 - 17:31 | 3103036 Getting Old Sucks
Getting Old Sucks's picture

Do it already!  Perhaps my grandchildren can somehow recover.  Drain me, I don't care but to continue this ponzi dooms the next 4 generations.  Perhaps we'll gain some compassion for our fellow man when we're all in the gutter.  Better yet, perhaps we'll grow balls enough to punish TPTB for their crimes against us.

Fri, 12/28/2012 - 17:49 | 3103116 MsCreant
MsCreant's picture

"perhaps we'll grow balls enough to punish TPTB for their crimes against us"

Either you have an awful fever (get help now), you drank some Koolaide (get help now), or you are showing us that getting old really does suck.

Fri, 12/28/2012 - 18:03 | 3103175 cougar_w
cougar_w's picture

When you rephrase it as "TPTB really need to grow a pair and punish TPTB" you start to see how silly the idea is.

Fri, 12/28/2012 - 18:21 | 3103252 Getting Old Sucks
Getting Old Sucks's picture

I think I get that but we all know that's not going to happen.  It''l be up to the 99.9%.

Fri, 12/28/2012 - 18:06 | 3103186 Getting Old Sucks
Getting Old Sucks's picture

Well friend, I owe no one a penny, beholding to no PTB.  Slave to no man and never will be.  Free as at no other time in my life.  Are you one of TPTB?  And actually fear me for my speaking out?  I honestly laugh at you.  You can't do anything to me.  My freedom is my hope for all men.  That is except for people like you.  Flame away, I revel in it.  To my common man, free yourselves!

Fri, 12/28/2012 - 18:22 | 3103250 MsCreant
MsCreant's picture

No harm intended, we play hard here. A friendly bitch slapping is par for the course at fight club. 

I have no debt. I am not one of TPTB.

The further into the rabbit hole you look, the more screwed you realize we are. Nothing short of violence is going to set this straight. I don't want it, but it is as clear as the nose on my face. Everything has been bought, from the bottom up. It is not ours. No one is enforcing the law at the top AT ALL.

So yeah, I poke fun at you. But I do so lovingly. 

The day I learned that the Fed was buying our treasuries I developed a deep and profound knowing about just how bad it is that will never be taken from me. They will punish no one because we are not living in a democracy or a republic. It is possible we never have, yet.

Peace. Or not. Your call.

Fri, 12/28/2012 - 18:43 | 3103337 Getting Old Sucks
Getting Old Sucks's picture

I don't play hard here.  Everything I post is from the heart whether nice or not.  I agree with a lot of what you say above.  One problem is that TPTB has made most of our society impotent to carry out warfare with their limited all volenteer armed services.  In my day, on any given day, there was half a million men in Viet Nam, rotated annually by another half million.  Of course most of them were drafted (not I).  Many experienced things I won't talk about but I believe that most of our population will not easily, without gross horrific experience, will be able to carry out. It's no video game.  I'm sure you and many wonder how men in Lybia fight against their government.  Perhaps it would take watch your child killed to get you angry enough to kill.  Ever wonder why the 70's and even the 80's were about peace and love?  Cause we were there and killing haunts the soul.  Hopefully, you will never be there as I hope for my son.  Peace to you.  No fight club for me friend.  

Sat, 12/29/2012 - 03:54 | 3104284 rambo1028
rambo1028's picture

I can see the truths in both getting old and MS posts. It is so difficult to want desperately for my children to grow up in peace and at the same time wish we could just finish the falling down so they can have a chance at actually living in peace. Somedays I feel like we are perilously close to something much much greater than a fabricated fiscal cliff and other days...I seems 50 or 100 years away. I cannot tell you how many times over the last year I have wished that I could just be one of the sheeple. Perfectly happy to work my slave job so long as I can watch my shows on the teevee and eat at TGIFridays a few times a month. I have wanted desperately to go back to "sleep" instead of think, read, plot, and worry. But we cannot unknow all that we know. I too believe we will be slow to action but hold out hope that the best of us won't wait until they are murdering our neighbors. I have a feeling that passing any gun laws and def any confiscation may be a tipping point....or it could be just a huge divide and conquer op....what the hell do I know....

Mon, 12/31/2012 - 10:19 | 3108695 fiatmasochist
fiatmasochist's picture

   The tipping point will be when a slightly larger proportion than 49.5 percent of the populace is dependent on a govt. check.

?2013?

Fri, 12/28/2012 - 17:58 | 3103159 Debt-Is-Not-Money
Debt-Is-Not-Money's picture

Hey, "Getting Old Sucks":

It may appear true at first, but it's much better than the alternative!

Fri, 12/28/2012 - 18:13 | 3103219 Getting Old Sucks
Getting Old Sucks's picture

What is the alternative?  Death?  We all die.  Problem is that we all want (and some think) they will live forever.  We are so spoiled here.  I've been to war and seen where life is "cheap"  Kill a gook accidently and pay the family $80.  We all want to believe that we are all so significant when we are no more important to nature than a cockroach.  Life is short and when you get older you'll understand.  Best of luck to you friend as I know you are a nice person by reading your post. 

Fri, 12/28/2012 - 20:54 | 3103785 Jalibb
Jalibb's picture

Wonderful comment GOS. You have evolved while here grasshopper, and that my friend is rare.

Fri, 12/28/2012 - 17:32 | 3103042 ekm
ekm's picture

It's quite possible that Obama is writing the executive order right now about the market collapse, same as in 2008/2009.

 

The collapse will be by presidential executive order in my opinion as soon as the lack of crude oil in the real economy becomes acute.

Until I see 1000 dow pts/day for 3 days in a row, I would not consider it a "drop".

 

Same as in 2008 when it was decided that Lehman will go shit, as soon as they make the decision which primary dealers will be pulverized this time, the order will be released.

 That's what I think is going to happen. Exactly the same as in 2008.

Fri, 12/28/2012 - 17:40 | 3103057 SheepDog-One
SheepDog-One's picture

I think its highly probable.

Payoffs are done, QE's safely in the FED's bag, ObaMao secured in his spot..its all done nothing left to do...this was all 'for something' not just for 'let's see how long we can fuck around' nah I think they've got big plans and we're about to see it soon.

Fri, 12/28/2012 - 17:43 | 3103084 ekm
ekm's picture

My point of reference is crude oil price.

When I'm home I check it every 5 minutes.

It's been stuck between 85-90 for too long.

Sat, 12/29/2012 - 09:26 | 3104415 Waterfallsparkles
Waterfallsparkles's picture

You sound like me, checking the price of Heating Oil every five minutes.  Or every time the furnace comes on.

Fri, 12/28/2012 - 18:21 | 3103248 forwardho
forwardho's picture

87 out of 100 senators approved the NDAA bill.

The future has been seen.

They were terrified by that vision.

The last four years of life support bought the time to implement the controls needed to subdue a frantic populace.

One can infer by their draconian actions the level of destruction they forsee.

Yeah, they've got big plans allright.

Fri, 12/28/2012 - 17:36 | 3103059 fonzannoon
fonzannoon's picture

EKM just for fun I will take the complete opposite side of that deal. We get some minor agreement along with a punt and one more rip your face off rally. First we may go a bit lower. Nothing too bad.

Let's see what happens.

Fri, 12/28/2012 - 17:38 | 3103071 ekm
ekm's picture

Please, do not risk too much money into the bet.

 

I'd love you critique my posts. I'm here to learn.

Fri, 12/28/2012 - 17:42 | 3103080 fonzannoon
fonzannoon's picture

My bet is the michael corleone bet. Nothing. I am just passing the time. I am not critiquing your posts. I look forward to them. The only place I disagree is with it being a PD that dumps. I think it is going to be several insurance companies. But hey...at that point it's just semantics.

Fri, 12/28/2012 - 17:51 | 3103101 ekm
ekm's picture

Actually I've thought about your insurance tip, similar to pension funds for unions. Quite probable.

 

My boss has other business. Our factory is non union but the other businesses are unionized into a big union in Ontario.

He said that the big guys came to him a long time ago and asked him to setup some kind of pensions funds for the workers. They'd do the connection with Bay Street here. (wall street of canada).

 

Your point is quite strong, and it is quite similar to mine.

Fri, 12/28/2012 - 17:52 | 3103127 fonzannoon
fonzannoon's picture

Federal pensions will be saved by taxes and the fed for a while. Private pensions and annuities etc. will get swallowed up by ZIRP. It's coming.

Fri, 12/28/2012 - 17:53 | 3103130 ekm
ekm's picture

Thx a lot. New think to start researching on.

Do you recommend anything to start with?

Fri, 12/28/2012 - 18:03 | 3103172 fonzannoon
fonzannoon's picture

Learn about annuities. Variable annuities. Learn about their income benefits. Especially the ones sold during 2000-2010. Promises promises.....

Fri, 12/28/2012 - 18:04 | 3103179 ekm
ekm's picture

Thx alot

Time to go to the gym.

Fri, 12/28/2012 - 18:06 | 3103191 fonzannoon
fonzannoon's picture

the what?

Fri, 12/28/2012 - 19:45 | 3103581 Cui Bono
Cui Bono's picture

Homer will show you.....

 

http://www.youtube.com/watch?v=R4i8SpNgzA4

Fri, 12/28/2012 - 21:18 | 3103840 ekm
ekm's picture

Not bad

Going to the (ghaim)

Fri, 12/28/2012 - 18:19 | 3103238 Debeachesand Je...
Debeachesand Jerseyshores's picture

"Private pensions and annuties etc will get swallowed up by ZIRP. It's coming".

 

What's also coming is NIRP.

Fri, 12/28/2012 - 23:27 | 3104084 CompassionateFascist
CompassionateFascist's picture

"...insurance companies". Interesting point. I get a little check each month from Genworth; turn it into Silver Eagles. Usually comes around mid-month, but recently with a later and later clearance date. This month...no check at all. I suppose I could go look at their site. Nahhh...who cares.  

Fri, 12/28/2012 - 18:14 | 3103222 Debt-Is-Not-Money
Debt-Is-Not-Money's picture

"...and one more rip your face off rally."

Yep, possible rally to S&P 1450-1500 (will probably truncate) then,

Fee, Fi, Fo, Fum

6500 here we come!

Fri, 12/28/2012 - 18:31 | 3103286 Randall Cabot
Randall Cabot's picture

No way

Fri, 12/28/2012 - 20:10 | 3103681 Element
Element's picture

Thing is it won't work, law only works when everyone is accountable, and now too many know that the people at the top and their helpers do not do prison time. So the scum can pass any law they want to cover their nakedness, it just isn't going to work when the shit hits the fan, because civil disobedience is not going to be just some dude protesting in the street, it's going to explode in ways no govt can hope to stop. They are deluding themselves if they think feeble new laws mean shit when the axes come out.

Sat, 12/29/2012 - 01:22 | 3104209 The Heart
The Heart's picture

Brilliance is always going to shine in every universe.

Appreciation is the food of good life.

Purity is at dawn.

You know what time it is.

http://www.youtube.com/watch?v=q5a0OAtzrXE

 

Fri, 12/28/2012 - 17:55 | 3103124 cougar_w
cougar_w's picture

It will be "everyone gets a pony"

I'm only half joking. It will be some kind of eye-candy, meaningless but exciting. Maybe Obama will kiss Boehner on the lips. With tongue.

And no, I don't think any TBTF are allowed to fail. Nobody fails now. They have this thing sewn up nice and tight. It gets dicey and Bernanke waves his hand at the wrist, any TBTF that needs $100B in cash gets cash -- by PayPal if that's the fastest route.

It will break one of these days. But not today, and not soon.

And I don't see anyone in the CONgress cutting any support programs either. The only thing holding back 40 million desperate unemployed is the promise of weekly support payments. Any cut to social welfare will be co-announced with Bernanke promising to drop real money from actual helicopters.

There are only so many was they can play this game. And everyone in a position of power knows it.

Fri, 12/28/2012 - 18:01 | 3103140 ekm
ekm's picture

People thought no primary dealers would be allowed to fail after Lehman.

But............MFG failed.

Do NOT follow this link or you will be banned from the site!