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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.

 

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Fri, 12/28/2012 - 18:01 | 3103167 cougar_w
cougar_w's picture

The jury is still out on that one. So far it's been looking less like a fail and more like a tactical first-move advantage.

Fri, 12/28/2012 - 18:03 | 3103174 ekm
ekm's picture

Agree.

That's what I mean by failure though. Something planned.

Fri, 12/28/2012 - 18:10 | 3103197 cougar_w
cougar_w's picture

Ah well then you can put it as "failure" in quotes so we get the idea that it's one of those "fail-(haha I made so fucking much money today)-ure" failures and not anything where -- you know -- someone at the top loses money on a bad bet or anything like that kind of actual olde skool failure.

Cuz failure is like totally not going to happen ever again in the history of the solar system. And they might even make it retroactive and just give a bunch of random money to anyone associated with Lehman, too.

Sat, 12/29/2012 - 04:17 | 3104290 rambo1028
rambo1028's picture

You forgot to add in all the rest of us....former middle class turned working poor who are living hand to mouth....with no safety net. Did I mention that I noticed a huge spike in my grocery bill a few days ago? The cashier said to expect another by the end of January. 40 million maybe the number of people who are counting on the safety net. The much greater number and the more unpredictable crowd are those of us with no room to fall. We are here, our numbers are growing, and we are getting restless.

Sat, 12/29/2012 - 11:38 | 3104491 Everybodys All ...
Everybodys All American's picture

I think we are closer to a systemic failure than you think. A lot closer.

Fri, 12/28/2012 - 17:32 | 3103046 Goldenballs
Goldenballs's picture

Run your credit cards up on physical,make the banks pay for your free lunch,just like the free lunches you have been paying for in the Cayman Islands,Channel Islands,Belize,Switzerland,Wall St and the Square Mile.

Fri, 12/28/2012 - 17:54 | 3103131 XenoFrog
XenoFrog's picture

The little guy never gets his debt forgiven. Don't risk it.

Fri, 12/28/2012 - 17:56 | 3103147 cougar_w
cougar_w's picture

Fact.

You'd think more people here would get that part.

Fri, 12/28/2012 - 18:31 | 3103285 Spastica Rex
Spastica Rex's picture

The frogs don't know that they're frogs, or that they're almost fully cooked.

Fri, 12/28/2012 - 17:32 | 3103047 stant
stant's picture

no tax refund for the easter bunny

Fri, 12/28/2012 - 17:35 | 3103055 tlnzz
tlnzz's picture

Put on your rose colored glasses. "Green shoots" coming Monday.

Fri, 12/28/2012 - 17:40 | 3103077 kaiserhoff
kaiserhoff's picture

Nice avatar.  Should be on every bumper in America.

Fri, 12/28/2012 - 17:35 | 3103056 Conman
Conman's picture

In the words of the wise Japanese, Please Don't Worry.

Fri, 12/28/2012 - 17:36 | 3103063 SheepDog-One
SheepDog-One's picture

Or the Chinese curse 'May you live in interesting times'....man have we been Chinese cursed!

Fri, 12/28/2012 - 17:40 | 3103076 fonzannoon
fonzannoon's picture

All everyone on here wants is the truth exposed and for reality to reassert itself. It's why we sit here on a 150pt drop and contemplate the end of the market and huge institutions going bankrupt. People want it so bad it hurts. Not going to happen people. You keep missing the 85 billion/mo lifeline. That is just what they tell you about. God only knows what is going on behind the scenes. At some point it will collapse but there is a chance most of us went broke in the meantime.

Fri, 12/28/2012 - 17:45 | 3103095 SheepDog-One
SheepDog-One's picture

Oh it will definitely happen, we just dont know when. Passing out clownbux and being excited about it is long gone...time to shake up the snow globe again.

Fri, 12/28/2012 - 17:48 | 3103109 fonzannoon
fonzannoon's picture

I just want it to happen when that dipshit Sullivan guy is on CNBC tapdancing around the studio with his american flag and telling us stories of greatness followed by "I noticed there seems to be a problem with the monitor it is showing the dow down 3000 points. Let's go out to Bob Pisani.....Bob? That is weird the trading floor is empty? Bob? Bob!.......BOB!!!!!!!!!!!!!!!!!!!!!!!!!!!!!!!!!!!!!!!!!!

Fri, 12/28/2012 - 17:48 | 3103110 john39
john39's picture

truth exposure is not enough.  the world is in the grip of a small group of very evil people.  nothing will change for long unless they are removed from the equation.

Fri, 12/28/2012 - 18:49 | 3103352 The Limerick King
The Limerick King's picture

 

 

We're living in interesting times

A system contructed on crimes

With evil Elites 

Where everyone cheats

And truth comes in pictures and rhymes 

Fri, 12/28/2012 - 19:05 | 3103425 john39
john39's picture

so true...  if you want to learn what is really happening in the world, you must learn to read the symbols...  our ancestors left us many clues, and the controlers use their own symbols...  if you can't read them, you are in the dark.

Fri, 12/28/2012 - 18:06 | 3103189 forwardho
forwardho's picture

"You keep missing the 85 billion/mo lifeline."

At some point the collective fantasy of  that free unlimited lifeline will be tied into the very noose which will hang us all.

Deficit spending = pretend, unbacked, make believe, collective fantasy.

When fantasy becomes reality... then me bucko's you have a cliff that drops into, well, pick your level from Dante's little black book.

 

Fri, 12/28/2012 - 18:14 | 3103198 Jethro
Jethro's picture

I am past the point of actively wanting it to crash.  I'm certainly in the apathetic/mild curiosity phase now.  Beyond indignation, beyond stress.  The situation is completely out of my control, and I continue to prepare as best as I'm able.  I'll focus on what I can control and not sweat anything else. 

However, when the spinning plates begin to fall, I'll be thoroughly amused.  Hopefully the entire CNBC cast will commit seppuku on live TV, but that would require dignity and a sense of shame.  I am afraid these were sold to the government / media conglomorate for pennies on the dollar during the 2008 election.

Fri, 12/28/2012 - 18:23 | 3103260 rodocostarica
rodocostarica's picture

Or died

Fri, 12/28/2012 - 17:51 | 3103120 Overflow-admin
Overflow-admin's picture

+1

"Government bonds will be redeemed because the government is responsible for, please do not worry."

Fri, 12/28/2012 - 17:38 | 3103069 Cursive
Cursive's picture

One step closer to the Great Reset.

Fri, 12/28/2012 - 17:43 | 3103086 fonzannoon
fonzannoon's picture

Cursive I cropdusted a conference room today. It was tremendous.

Fri, 12/28/2012 - 23:54 | 3103997 Cursive
Cursive's picture

@fonzannoon

I literally lol'd.  What's next, you gonna buying a Goatse T-shirt and wear it around the office?

 

ETA:  We need some details on this like how many execs were there or what C-suite wannabe you bombed?

Fri, 12/28/2012 - 17:43 | 3103082 muppet_master
muppet_master's picture

you AIN'T SEEN NUTTING YET !!

a -1.5% in spx futures after hours = a real cliff !!! ??? please !!!! gimme -20% drop...THAT'S A CLIFF !!

Fri, 12/28/2012 - 19:17 | 3103465 El Tuco
El Tuco's picture

Don't know if it will ever happen but never say never.....

DJIA @ 7 - 8k

S&P @ 500 - 700

NASDAQ @ 800 - 1200

That's what I call a correction....maybe I'm old fashion....

Fri, 12/28/2012 - 17:43 | 3103089 knicks3005
knicks3005's picture

No need to worry.about any market losses, reason why is that lets say the markets drop 1.7% today, well once they approve the fix which will happen in the next week the markets will erase all of today's losses and gain an additional 1-2%. This is just something to sir.back and.laugh at, there is a 99.9% chance a deal is made before the 31st of December 2012.

Buy the dip and wait for the quick fiscal cliff fix next week. Its coming...no need to lose any sleep.

Fri, 12/28/2012 - 17:46 | 3103102 SheepDog-One
SheepDog-One's picture

well, you can knock yourself out gambling in the lunatic den all you like.

Fri, 12/28/2012 - 17:55 | 3103136 knicks3005
knicks3005's picture

i'll bet my life savings that a deal will be reached in the last minute. Always does.

Fri, 12/28/2012 - 18:33 | 3103292 Nobody For President
Nobody For President's picture

 All 23 cents?

The 'last minute' is pretty flexible here - any time from Monday to maybe April 15 or so.

But if your bet is by January 1, 2013, you must be a Cubs fan. (No offense to Cub fans everywhere.)

Fri, 12/28/2012 - 18:37 | 3103305 eclectic syncretist
eclectic syncretist's picture

Whatever they come up with it won't be good enough this time. 

Fri, 12/28/2012 - 17:45 | 3103098 Venerability
Venerability's picture

One does realize the commodity contract turnovers have begun?

I thought all the important sectors behaved in a very orderly fashion today. Possibly 100 percent major Market Makers, with virtually no one else participating.

 

Fri, 12/28/2012 - 17:45 | 3103099 MRSAP
MRSAP's picture

What a spasten theater

Fri, 12/28/2012 - 17:48 | 3103108 CharliePrince
CharliePrince's picture

when the hell do the futures close      its friday...thought  they  shut down  at 4:15  est ?

Fri, 12/28/2012 - 17:49 | 3103111 SheepDog-One
SheepDog-One's picture

Near record high margin holders watching Friday selloff....well happy weekend to all degenerate gamblers and good luck you'll need it.

*ring, ring*....uh...Dave's not here man, call back later.

Fri, 12/28/2012 - 17:49 | 3103112 Bastiat009
Bastiat009's picture

-1% = bloodbath????

Get real ... get honest too.

Fri, 12/28/2012 - 17:48 | 3103113 Papasmurf
Papasmurf's picture

Watch the HFT machines drop the SPY through zero to minus infinity over the weekend when the divide by zero issue from Y2K crops up.  There's a little bit of DOS left in everything.

Fri, 12/28/2012 - 17:49 | 3103114 cavsgt
cavsgt's picture

Stocks tanked today, tumbling into the 4:00 PM ET close.

The S&P 500 fell 1.1 percent, or 15 points to 1,402.

However, the futures market is open and stock futures are tanking. Here's a look at S&P futures, which are down another 26 points minutes after the close.

Dow futures are down 226 and Nasdaq futures are down 36.

Read more: http://www.businessinsider.com/stock-futures-fall-2012-12#ixzz2GNyjF22c

 

http://www.businessinsider.com/stock-futures-fall-2012-12

Fri, 12/28/2012 - 17:52 | 3103122 SheepDog-One
SheepDog-One's picture

And with everything riding with record margin, it could get real bad quick. That is, if it was still the olden days but now everything is owned by the FED PD's anyway so who knows?

All I know for certain is I wouldn't touch this contraption with .10 cents myself. 

Fri, 12/28/2012 - 17:51 | 3103117 PTDBDucks
PTDBDucks's picture

Strange....

That nobody finds it strange that this "news" was released before market close. Those with inside knowledge have a chance to collect big on their positions and then reverse.

This is how the 1% of the 1% is made.

We, otoh, just make comments. Who are the dumb ones?

Fri, 12/28/2012 - 17:50 | 3103119 HD
HD's picture

BIG FUCKING DEAL.  S&P is still magically at 1400 and whatever sell off we do manage to get will be a manipulated coiled spring like every financial market now. Nothing goes down except reality.

When we hit S&P 850 I'll believe in efficient, honest markets...I'm not holding my breath.

Fri, 12/28/2012 - 17:51 | 3103121 Miramanee
Miramanee's picture

I am all in. This is the time to bet it all on GREEN. There IS NO CLIFF!!!! A pothole at most. Bank of america will close @ $14.00 on February 1st.

Fri, 12/28/2012 - 18:40 | 3103319 eclectic syncretist
eclectic syncretist's picture

I'm taking the other side of that bet!

Fri, 12/28/2012 - 17:52 | 3103123 tawse57
tawse57's picture

You Americans like the calvary riding to the rescue at the last minute don't you. It will all be bugles and the US being saved on Monday. Suckers.

 

lol

Fri, 12/28/2012 - 19:02 | 3103411 Getting Old Sucks
Getting Old Sucks's picture

Wash, rince and repeat?  Till when?

Fri, 12/28/2012 - 17:52 | 3103126 Darth Mul
Darth Mul's picture

Dear Tyler:

 

Who gives a flying fuck if the market is down after the wholly predictable fuckery which transpired today.  The 'market' is about as reflective of the real economy as Spiderman is reflective of what happens when you're bitten by a spider.

 

We should be working hard to buy Mexican and Venezuelan and Iranian oil, and investing in Africa.   Instead, we're basing our strategies on the notion that the best thing to do is keep playing musical dictators in the Middle East, which in 30 years is going to be little more than a bunch of religious fanatics going around chopping each others heads off.

 

Fuck the market.

 

Much more worrisome is the extent to which the war profiteers and big oil and the various other usual suspects are keeping us from doing what makes geostrategic sense - disengaging from that clusterfuck, and preventing speculators from driving the price of oil and gas up and down on a whim.

 

As far as I'm concerned, anyone buying stock instead of canned food, guns, ammo, non-gmo seeds, water filters, antibiotics and maybe some metals isn't really thinking medium-term.

 

The fiscal cliff is a side show, and so is the reaction to it of the fuckwads investing in dollar-denominated paper.

 

 

Fri, 12/28/2012 - 18:59 | 3103400 Getting Old Sucks
Getting Old Sucks's picture

Well said.  But nobody (out there) wants to hear it.

Sat, 12/29/2012 - 01:42 | 3104224 The Heart
The Heart's picture

Still, this is well embellished into the Stonework of ZH.

Give thanks for the the truth that is the beginning of freedom from the beast the world is fast getting tired of tolerating. With the talks of war crimes tribunals for isrealli leaders being discussed at the Hague now, we can be sure some hateful racist apartheid nation with dangerous USA taxpayer bought weapons of mass destruction working the the rottenchild empire of the dusted god money will have pretty good motivations to do the dirty barons works for that Utopia all are promised sometime soon. Funny how that works...deceptions...war...and all the hooey-balooey from the lamest stream yellow journalism propaganda dis/mis-information machine.

.

Sat, 12/29/2012 - 07:17 | 3104353 Jacks Cold Sweat
Jacks Cold Sweat's picture

i loved that spiderman paradgim shift

Fri, 12/28/2012 - 17:56 | 3103145 PTDBDucks
PTDBDucks's picture

It doesn't really matter does it? Just change the f'n accounting and reverse the entries on the ledger. Spending becomes a plus and tax cuts will send your surplus into orbit. Let Bernanke print until the final collapse, the numbers mean nothing anymore.

Hey Big 0... surf's up!

Party on dude.

Fri, 12/28/2012 - 17:59 | 3103157 Joebloinvestor
Joebloinvestor's picture

The real sticker shock is when that $250k level is agreed to and then people figure out that it was for JOINTLY filed returns.

Guess what if you and your spouse make $126k @?

 

Fri, 12/28/2012 - 19:56 | 3103623 blunderdog
blunderdog's picture

     Guess what if you and your spouse make $126k @?

I have a guess.

You're each in the top 5% of income earners and can probably afford to pay a LOT more for food and oil.  If you want to pay less in taxes, it's a lot easier to become poor than it is to become rich.  You don't even have to work or nothin'.

Fri, 12/28/2012 - 17:59 | 3103160 Dollar Bill Hiccup
Dollar Bill Hiccup's picture

Der Put ist Gut

Fri, 12/28/2012 - 17:59 | 3103163 shitting_alpha
shitting_alpha's picture

whoever posted this is an idiot.

 

typical crap statistical "analysis."  notice the huge positive COT at the end of 2008, not to mention the fact that he used 2 data "points" in history and conveniently ignored a third.

 

DUH.

 

the location of the positive COT is very obviously not the reason why this market will go down when it goes down;  sort of like how giraffes didn't grow their necks longer because the leaves were up high.

 

you guys are hilarious.

Fri, 12/28/2012 - 18:04 | 3103176 Kastorsky
Kastorsky's picture

BTFD

Fri, 12/28/2012 - 18:05 | 3103183 disabledvet
disabledvet's picture

Ah "political pundits." and to think back oh those many...was it just weeks ago?...while Zerohedge became suddenly doormat...I mean dormant..."the bezerker" (yours truly) screamed to rafters "FISCAL CLIFF!" in the echo chamber. And without fail "the market traded on this (so called) news" while disabledvet did what he does past...musing on his own irrationality. I'm sure many a 'merican got their call..."a black man has been reelected! A black man has been reelected!" and leaving aside me being the last person in the world to talk race in 'merica I must say I found MYSELF feeling odd for a change. While I find the addition of Marc Chandler to the site quite the high powered addition (and it is...copyright ABC media 2009-2012 rights reserved--what exactly are those rights reserved for again?) I still find this site must read because of its MsCreants and assorted others. I agree the market got whacked today...but to devolve your own imbecility down to "those other political pundits" as opposed to your own (albeit correct thanks to me) view of "fiscal cliff as negative" is truly rich indeed. How long must disabledvet toil before allowed into the Pantheon of Pontificators? How long I ask????? I have gone out of my way to be hateful, despicable, irriscable and "just plum crazy." I want answers! I want THE TRUTH!

Fri, 12/28/2012 - 18:06 | 3103185 ZeroFreedom
ZeroFreedom's picture

Buying SDS and TWM on Monday after they kiss and make up but do nothing on Sunday.

Fri, 12/28/2012 - 18:07 | 3103194 Frastric
Frastric's picture

2013 is going to be the 2001 and 2008 years of hell for stock markets. First came the corporate/dot com bubble, then came the subprime/banking bubble, and now 2013 comes the bond market bubble. Each burst was progressively more violent and each burst bubble effected ever larger parts of the ponzi financial scheme.

Fri, 12/28/2012 - 20:07 | 3103671 Debt-Is-Not-Money
Debt-Is-Not-Money's picture

"...2013 comes the bond market bubble."

I take it "13" is not your lucky number?

Fri, 12/28/2012 - 18:08 | 3103200 H E D G E H O G
H E D G E H O G's picture

anyway, let the fucker burn down. my quote of the day, "guns don't kill, but subway trains do."

Fri, 12/28/2012 - 18:32 | 3103291 TrustWho
TrustWho's picture

My Quote: "Ban the Subway Trains to Protect Commuters"  

Fri, 12/28/2012 - 19:58 | 3103636 blunderdog
blunderdog's picture

Don't be fuckin' with the trains.  They're a very cheap way for us NYCers to kill ourselves--it's too fuckin' hard to buy a legal gun to blow our brains out with, and they put these big FENCES up around all the bridges!

Fri, 12/28/2012 - 21:08 | 3103816 I am on to you
I am on to you's picture

No guns dont kill:

Its the idiot behind it!

Fri, 12/28/2012 - 18:09 | 3103201 Zer0head
Zer0head's picture

Obama live at 5:45pn  meanwhile his posse on the phones to Corporate 'leaders'

Fri, 12/28/2012 - 18:17 | 3103234 lynnybee
lynnybee's picture

is this really it ?   is this "the bloodbath" i've been waiting for ?    i can't wait.   i want to see this (thank god i've nothing in the market) .    my brother-in-law makes fun of me, makes fun of my reading ZEROHEDGE, telling me to "get off that internet" !  

Fri, 12/28/2012 - 18:51 | 3103367 SKY85hawk
SKY85hawk's picture

Take a look at ERY (short energy)  and FAZ (short financials).

No margin and brother-in-law will be eating CROW!

Fri, 12/28/2012 - 18:18 | 3103235 Frastric
Frastric's picture

NEED... MOAR... HOPE...

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

 

Fri, 12/28/2012 - 18:19 | 3103239 pashley1411
pashley1411's picture

So, they pull back the curtains on Panem and discover behind the smoke and noise there is no intellgent life.   Wow, surprise. 

Fri, 12/28/2012 - 18:19 | 3103242 ramacers
ramacers's picture

reality (knuckle-draggin') beckons.

Fri, 12/28/2012 - 18:22 | 3103256 Imminent Collapse
Imminent Collapse's picture

Cue ball's made of styrofoam
And no one's got the time

Fri, 12/28/2012 - 18:25 | 3103268 ugmug
ugmug's picture

Face the facts, politicians like to show charts that go up and down to all the escorts that they caucus with after a hard days snooze. It makes their members more erect and responsive to constituent demands.

Fri, 12/28/2012 - 18:39 | 3103298 q99x2
q99x2's picture

Dow futures down 226 S&P down 26.

Not bad. But not enough for the banksters to blackmail another cool trill yet.

Won't be hearing from Bankfeind until he gets his holiday profits offshore. He cleaned them out good this year. Like the grand finale.

Fri, 12/28/2012 - 18:37 | 3103304 StoleYourMoney
StoleYourMoney's picture

Cash is KING.

Fri, 12/28/2012 - 18:37 | 3103306 max2205
max2205's picture

The payroll tax is a big problem alone. No beer money for the 50% ers

Expect riots on obamerramas watch

Fri, 12/28/2012 - 18:39 | 3103313 Spastica Rex
Spastica Rex's picture

The Empire stands until the mercenaries can no longer be paid.

Until then, maybe some new episodes, but same old soap opera.

The future sucks because it's BORING.

Fri, 12/28/2012 - 21:00 | 3103803 arby63
arby63's picture

ironic. i sort of just said the same thing above. bravo!

Sat, 12/29/2012 - 09:51 | 3104428 falak pema
falak pema's picture

boring holes into the Titanic's hulk! Yikes! 

Fri, 12/28/2012 - 18:40 | 3103322 ZFiNX
ZFiNX's picture

When the market doesn't already know in advance what the decision is I begin to suspect its consequences extend far beyond the performance of a domestic stock market. If we see this passed, we will have given ourselves free reign to enlarge our military and welfare for the next ten years, that means high food prices for non-agricultural countries and cheap oil exports due to United States military pressure on those countries. This is probably the last straw for the Middle East, their people have shown they are suffering enough.

Fri, 12/28/2012 - 19:02 | 3103409 I am Jobe
I am Jobe's picture

Until some fuckers get hung nothing will happen. Amerika is fucked

Fri, 12/28/2012 - 20:59 | 3103799 arby63
arby63's picture

boy, ain't that the truth. i wish it would start somehow......fantasies for now. nothing much will be "doable" on the flogging front until "we" figure out a way to starve the beast....the ones that protect the pigs who enslave us.

Fri, 12/28/2012 - 19:10 | 3103438 PersonalRespons...
PersonalResponsibility's picture

This is so staged, Kevin Henry obviously could have prevented this.  He must have been told to start the holidays early.

Fri, 12/28/2012 - 19:09 | 3103439 DarthVaderMentor
DarthVaderMentor's picture

Come on....12.9K on the DOW and 1402 on the S&P? That's just market theater playing up to the political theater in DC right now.

Wake me up then the S&P breaks under 1000. Anything less than that is just HFT and algo games.

 

Fri, 12/28/2012 - 19:15 | 3103459 Yes_Questions
Yes_Questions's picture

 

 

OT: is it just me or are the fembots on CNBS set to extra Bitchy lately?

Or is it the lunar cycle?

Fri, 12/28/2012 - 19:20 | 3103475 FinalCollapse
FinalCollapse's picture

From the Fawlty Towers: "Have you hung the picture yet Basil?"

http://www.youtube.com/watch?v=tGJnynLq8Lo

Fri, 12/28/2012 - 19:21 | 3103481 Tom Green Swedish
Tom Green Swedish's picture

Ok I am going to attempt to look for an answer to this question.  How can the stock market exceed or not exceed GDP growth of an economy in a given time.  I will use China and the USA as examples.

 

Market Gains 10 years - 2000 - 2010

S&P Market Gain USA 10 Years - -26.24 Percent (60.33 for 2002 - 2012) Basically Flat for 2000 - 2012

Shanghai SSE Composite 10 Years - 131.48 Percent

 

 

 

GDP Growth 10 years

2000 - 2010

USA - 48 Percent

China - 113.3 (What is growth based on US Dollars)

 

Our economy grew 48 percent from 2000 -2010 yet the stock market lost 26 percent. Go from 2002 to 2012 and it gained 60 percent more close to the growth but higher than overall growth, but the economy only grew 1.7 percent last year.  Ok what gives? Why is the market so damn choppy when we are putting up good numbers? 

 

Furthermore why did the stock market gain 213 percent from 1990 to 2000 when growth was only 100 percent?  Is this some kind of parlor trick?

Sat, 12/29/2012 - 10:25 | 3104443 Absinthe Minded
Absinthe Minded's picture

It's make believe capitalization of the chosen corporations by Bernanke bucks. It's amazing what inflation can accomplish.

Fri, 12/28/2012 - 19:22 | 3103483 Global Hunter
Global Hunter's picture

no matter how high the market continued to go higher, I couldn't help but think that longs were picking up nickels in front of a bulldozer. This post in no way changes that feeling.

Fri, 12/28/2012 - 19:31 | 3103526 mendigo
mendigo's picture

dump it at a loss now
pick it up cheap on Jan 2
beauty

Fri, 12/28/2012 - 19:31 | 3103529 halfmetaljacket
halfmetaljacket's picture

Obama still optimistic a fiscal-cliff deal can be made

we are buying senseless in our charitable trust.......my sources said ES will open above 1420 on monday

 

 

Fri, 12/28/2012 - 19:34 | 3103539 Bob Sacamano
Bob Sacamano's picture

The MSM and this site is pre-occupied with the "cliff" crap - which is not an issue of consequence in the scheme of things.  Very sad.  The market will have a relatively modest reaction (less than 10%) no matter what happens.  Non-event.

Fri, 12/28/2012 - 19:35 | 3103548 sbenard
sbenard's picture

I DEMAND my Santa Claus rally! Where is my Santa Claus rally?

Uh, you mean we CAN'T print our way out of this mess after all?

Sat, 12/29/2012 - 09:50 | 3104427 Waterfallsparkles
Waterfallsparkles's picture

I think that many were counting on the Santa Clause rally.  Or at least the run it up at the end of the year to show profits and get bonuses.

But, sadly as we all know, Wall Street does the opposite of what everyone thinks.  That is how they catch you in a bad position.  Where you have to Sell to avoid losing more Money.  Then once you Sell at a loss they reverse it dramatically.  Leaving you in the dust, not even being able to Buy back in where you sold.

Fri, 12/28/2012 - 19:37 | 3103562 The Duke of New...
The Duke of New York A No.1's picture

Long NY Fed Tungsten.

Fri, 12/28/2012 - 19:40 | 3103568 Tommy Gunner
Tommy Gunner's picture

The policians are playing a game... they are forcing down the markets pretending there will be no deal... meanwhile they are buying the markets in anticipation of a big leap upwards when a deal is reached.

All because it is not illegal for an elected rep to front run.  

What a fucked up country america is - bribery is completely legal (if run through a lobbyist) - and politicians can engage in insider trading.

 

Fri, 12/28/2012 - 19:49 | 3103594 orangegeek
orangegeek's picture

Dow Jones daily looks very bearish.

 

http://bullandbearmash.com/chart/dow-jones-daily-falls-150-points-today/

 

The Dow March contract is 150 points below today's close.

 

January is going to be ugly.

Fri, 12/28/2012 - 20:00 | 3103646 michigan independant
michigan independant's picture

Wake me up at 500

Fri, 12/28/2012 - 20:08 | 3103673 10044
10044's picture

you can sleep till 2017? 

Fri, 12/28/2012 - 20:16 | 3103695 michigan independant
michigan independant's picture

Yes, nothing to see here today. Animal farm players are excited today on the global plantation. Middle management bag holders have to make a decision? When the lead cannot be shot out at something then it's game on.

 

Fri, 12/28/2012 - 20:18 | 3103702 surf0766
surf0766's picture

What happens when "the market" realizes is cannot be fixed?

Fri, 12/28/2012 - 20:27 | 3103722 michigan independant
michigan independant's picture

https://www.youtube.com/watch?v=m8fm3Z7jgWM

Depends on the rate of change 

Fri, 12/28/2012 - 20:26 | 3103723 michigan independant
michigan independant's picture

https://www.youtube.com/watch?v=m8fm3Z7jgWM

Depends on the rate of change as to 8 billion or to 6 billion tax units for these political animals. Even the smart kids see this.

Fri, 12/28/2012 - 20:49 | 3103781 Goldenballs
Goldenballs's picture

Bailout Bonanza as usual,you know we are insolvent,we know we are insolvent however make us insolvent and all those CFSD,s come into play,we all know everything is insolvent unofficially but once officially insolvent then the whole world financial system is toast,basically we are bankers,we are too efficient to work and we do not give a shit so give us the bailout and we,ll be off then until next time.

Definition - Organized Crime Protection Racket.

Only answer is take the bastards down and take the cash back until this occurs your always up shit creek.

So Politico,s grow some balls before you learn to do the lampost shuffle without any rehearsals.

Fri, 12/28/2012 - 21:00 | 3103804 blunderdog
blunderdog's picture

"The market" can't realize anything, and the participants realized this can't be fixed years ago.  If you're patting yourself on the back about how smart you are right now, you're probably the sucker.

Fri, 12/28/2012 - 20:49 | 3103779 surf0766
surf0766's picture

The marxist/socialist have wanted this cliff since 1875. There will not be any deal.

Fri, 12/28/2012 - 21:07 | 3103815 I am a Man I am...
I am a Man I am Forty's picture

12,9xx is nothing, can will get kicked at last minute as we all know, dems and pukes acting all tough until last second compromise in order to "save" the economy.  They aren't going to let this market go anywhere.  Keep on wishing for doomsday scenario, not going to happen in this centrally planned world.  The printing press will remain fired up.

Fri, 12/28/2012 - 21:10 | 3103820 Racer
Racer's picture

yeah by 1 sec to midnight it will all be swimmingly beautiful again and the algos can go wild killer attack on shorts that dared

Fri, 12/28/2012 - 21:11 | 3103823 fiftybagger
fiftybagger's picture

Don't worry, CBS Marketwatch is all over it:

Stock futures turn higher after hours

By Carla Mozee, MarketWatch

 

1 comment:

 

Maybe you should pull this article. LOL

 

Sat, 12/29/2012 - 12:56 | 3104603 Money 4 Nothing
Money 4 Nothing's picture

It's not Monday yet..

Fri, 12/28/2012 - 21:16 | 3103834 Goldenballs
Goldenballs's picture

Even the Alien Space Lizards don,t bother with worthless Fiat Toilet paper,

Where did all of these stories come from? The earliest reference I've come across is from a Los Angeles Times news story from January 29, 1934, which is available from the Los Angeles Times archives. Geophysical mining engineer G. Warren Shufelt had been using "radio x-ray" and had discovered subterranean labyrinths beneath the city of Los Angeles, including pockets of pure gold, and taken x-ray pictures of many of the chambers. Somehow Shufelt met with a man named L. Macklin, said to go by the Hopi Indian name of Little Chief Greenleaf. Macklin told Shufelt of a Hopi legend of Lizard People, an advanced race, who built the city beneath Los Angeles to escape surface catastrophes some 5000 years ago. Their history was kept on gold tablets. It sounded like Shufelt had struck paydirt — almost. He still had to dig it up. Shufelt's crew dug a shaft 250 feet deep, well below the water table, which of course promptly filled with water, and that's where the story came to an end.

Wonder if there is a series of Tunnels from The Fed and Fort Knox.

Fri, 12/28/2012 - 22:39 | 3104008 Almost Solvent
Almost Solvent's picture

Too bad they didn't use pumps to keep the shafts dry.

Maybe I'll swing out to LA with my sump-pump and backhoe . . .

Fri, 12/28/2012 - 21:30 | 3103856 devo
devo's picture

Dow will break 14,000 on Monday lol

Fri, 12/28/2012 - 21:34 | 3103861 Rathmullan
Rathmullan's picture

Come on, this was the cheap way for the primary stealers to send a message to dc. What did this  move in "minis" cost 'em? blankfeins annual helicopter expense?

Fri, 12/28/2012 - 21:51 | 3103902 Goldenballs
Fri, 12/28/2012 - 22:52 | 3104026 Grand Supercycle
Grand Supercycle's picture

Wile E. Coyote...

Reminder ~ the Wile E. Coyote scenario awaits – no matter what eventuates with the fiscal cliff.

http://trader618.com
http://tinyurl.com/ZH-Forum

Fri, 12/28/2012 - 22:52 | 3104027 Threethreethree
Threethreethree's picture

The stage is set.

Obama will parade around all weekend saying he feels a deal will be made (a deal that does not raise taxes on the middle class).

He will have the senate vote on a deal that will be passed over the weekend. It will be a party line vote. There will be no Obama concessions in that plan.

The media will Rave about the Obama/Senate plan.

It will be presented to the House.

The House will reject it.

The "right wing" will be blamed, with the tea party bearing the brunt of that blame.

The market will fall. Taxes will go up. Fear will be rampant.

Than Obama will "not let a good crisis go to waste" (Rahmism).

He will "hang" the Republicans in the court of public opinion and the media will be a willing participant.

A simple, and well planned, consolidation of power.

333

Sat, 12/29/2012 - 00:10 | 3104149 Ookspay
Ookspay's picture

Yep, you nailed it.

Sat, 12/29/2012 - 00:12 | 3104150 Ookspay
Ookspay's picture

(duplicate)

 

Sat, 12/29/2012 - 07:31 | 3104359 hooligan2009
hooligan2009's picture

remember, the sequestrations and tax increases are part of the solution..not the problem.

the correct perspective is that trillion dollar a year deficits are the fiscal cliff...handing out/extending tax cuts and pork barrel spending embedded in the current fiscal position are part of the problem

any deal to reinstate tax cuts and carry on with existing spending plans accelerates the move to CCC rating..then of course D (selective or otherwise)

Sat, 12/29/2012 - 09:04 | 3104401 S5936
S5936's picture

+1 on that & the imbeciles while swallow it hook , line and sinker

Sat, 12/29/2012 - 00:11 | 3104151 Mike Cowan
Mike Cowan's picture

Don't over think this situation. Sell.

Sat, 12/29/2012 - 00:47 | 3104184 helping_friendl...
helping_friendly_book's picture

It is about time this farce collasped. Sorry about your 401k. I put all mine in MM and I hope it doesn't break the buck.

I have been short the S&P 500 for ovet 16 month's....since QE2 was announced......getting my face ripped off....I know the end is near I just don't know the fractal dimension exponent.

I wish I would have known about fractal series when I was in University.....could could have studied something relevant.

Sat, 12/29/2012 - 01:10 | 3104200 thedrickster
thedrickster's picture

...

Sat, 12/29/2012 - 01:13 | 3104201 The Heart
The Heart's picture

Not really knowing or caring about anything related to markets and the money changer business other than what one can learn here, and thank you all for being such good teachers and way-showers, but there is one thing that pics the interest mode so these questions beg to be answered please.

What was it like during World War Two in the stock markets and other related assorted money changer and commodities rackets? Is there by chance anyone here that can speak from experience, and relate to the two time periods, and any differences between then and now?

One has to suppose that the entire city, er state could get blown off the map at any time during such a world war, so, would that matter?

Thank you in advance for your education and experienced answers should anyone offer up some Light on this.

.

Sat, 12/29/2012 - 02:05 | 3104237 pfairley
pfairley's picture

WW2 had QE from the Fed, & increasing taxes on everyone; corporations even had an 'excess profits tax'.  BUT increasing wages vs declining wages now...and a 25% savings rate then vs low savings now. These savings were said to kick start USA out of 1946 recession and hi unemployment from returning soldiers.  The nation during WW2 generally had a 'pay as u go' spirit....vs make only the rich pay as we get more entitlements now.  31% of USA did not have running water during WW2...but perhaps complained and begged less and was more willing to work.

Sat, 12/29/2012 - 02:09 | 3104239 IridiumRebel
IridiumRebel's picture

25%

You must be missing a decimal. If not my head will burst.

Sat, 12/29/2012 - 03:07 | 3104259 alfbell
alfbell's picture

The USD will still be good for a long time. Best to stay in cash and keep amassing more and more cash and down the road transfer it all into tangible hard assets (farm land, income properties, etc. but not gold because when the time comes it will be confiscated and repriced).

The deflationary forces, de-leveraging, defaults, diminished consumerism, asset values dropping, etc. will balance out the supposed inflation and the dollar won't be debased quickly and lose purchasing power.

Under the guise of reducing unemployment and boosting exports, Bernanke is pushing ZIRP and his monetary policies, but that is to create more expensive imports (inflation) in an attempt to get people to buy and consume now because "prices are going up" so he can kick start the velocity of money.

No velocity of money for a long time. I'm making my cash make more cash through lending and making my businesses earn and amass lots of cash. Down the road... farm land and income property.

Sat, 12/29/2012 - 03:08 | 3104260 dark pools of soros
dark pools of soros's picture

Ben hasn't stopped printing.. so BTFD

Sat, 12/29/2012 - 03:38 | 3104276 metalismoney
metalismoney's picture

Sp 500 knocking on 200dma.

As a retired institutional trader, this is the make or break point.

If you look at the last time the sp 500 was at this price while at the 200 dma was

june 2007. The Bernak cant lower rates, throwing money at it clearly has been exhausted.

There is a reason there is a term Bear and bull. Somehow the oligarchy cant accept that fact.

 

Sat, 12/29/2012 - 04:16 | 3104291 MRSAP
MRSAP's picture

It's all just theater. Somehow will agree. And if not, perhaps, not a bad fall a "saving" of these wind flag or the word "consolidate" again.

Sat, 12/29/2012 - 07:33 | 3104361 hooligan2009
hooligan2009's picture

agreeing to go deeper into debt (beyond broke) by extending the "living beyond means" philosophy that goes for mobocracy is not thater..it is fraud..

Sat, 12/29/2012 - 08:05 | 3104375 slackrabbit
slackrabbit's picture

(mean while in congress)

Boner: Cmon boys, pray to Ben

Congress : QE5 QE5 QE5

Sat, 12/29/2012 - 08:14 | 3104377 I am Jobe
I am Jobe's picture

QE6, QE7 QE to Infinity.

Bend Over and swallow cum is what Congress and the Whorehouse telling the great voters of Amerika.

 

Sat, 12/29/2012 - 08:47 | 3104393 dcb
dcb's picture

I re did a bit of s and sp purchase right before the close, still have my shorts that have been up for 2 weeks now. it we gap down bit on mondays open, by the chart we shall cover most of that gap to the upside on moday.

also my program is showing markets open tuesday (new years? )

Sat, 12/29/2012 - 09:55 | 3104432 Dan The Man
Dan The Man's picture

watch out for the bull cross...coming soon...hehe

Sat, 12/29/2012 - 10:26 | 3104446 Frankie Cokeupt...
Frankie Cokeupthenozza's picture

Had to try out this new avartar. Apologizes in advance.

Sat, 12/29/2012 - 11:08 | 3104475 Ned Zeppelin
Ned Zeppelin's picture

For House Republicans this is simple:

Pre- Dec. 31 "Tax Increase"

Post Dec 31 "Tax Cut"

Done.

Sat, 12/29/2012 - 11:10 | 3104476 Lost Wages
Lost Wages's picture

Market prolapse imminent.

Sat, 12/29/2012 - 11:20 | 3104479 retiringteach
retiringteach's picture

thanks

 

Sat, 12/29/2012 - 12:22 | 3104539 Brokenarrow
Brokenarrow's picture

Few have lost as much money as me shorting this market.

 

But, everytime zh comes out with a piece, like this, the market rallies 4% and kicks me in the balls.

 

I wont be selling this market mon. either. Benny the ball can print a lot of cash out of thin air and buy the e minis with impunity all day long. And, I guarentee you: he is not ready to give up quite yet.

 

AFraid to be long. AFraid to be short.

Sat, 12/29/2012 - 14:37 | 3104826 MsCreant
MsCreant's picture

Then get out, friend. Don't play the game. 

Sat, 12/29/2012 - 14:11 | 3104759 Mad Muppet
Mad Muppet's picture

WHEEEEEE! I allus loved a slide, ever since I was a kid.

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