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Obama: "My Offer Is Nothing" - Stocks Plunge

Tyler Durden's picture




 

 

Looks like today everyone in Congress was short. Here's why:

  • OBAMA SAID NOT TO MAKE NEW OFFER IN FISCAL CLIFF TALKS
  • OBAMA OFFER DETAILED BY SOURCE FAMILIAR WITH WHITE HOUSE MTG
  • OBAMA SAID REITERATING PROPOSAL FROM LAST WEEK ON FISCAL CLIFF
  • OBAMA PLAN INCLUDES RAISING TAXES ON EARNERS OF $250,000 AND UP, EXT OF UNEMPLOYMENT INSURANCE, ADDRESSES OTHER OUTSTANDING ISSUES-SOURCE

So much for a deal, and so much for the invisible DJIA support at 13,000.

 

 

and AAPL from its Wednesday's VWAP to yesterday's VWAP... still trading? still think the professionals aren't dumping technically into every rip?

Or, as Al Pacino would summarize it...

 

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Fri, 12/28/2012 - 16:42 | 3102795 Fips_OnTheSpot
Fips_OnTheSpot's picture

Wash, Rinse, ... Congress

Fri, 12/28/2012 - 16:52 | 3102841 ACP
ACP's picture

So much for Boner's "Fithal Cliff" talks. Man, it would be so satisfying to see a flash crash with 9 minutes to go.

Fri, 12/28/2012 - 16:59 | 3102886 dwdollar
dwdollar's picture

Let it burn.

Fri, 12/28/2012 - 17:13 | 3102938 NemoDeNovo
NemoDeNovo's picture

"Have we started the Fire?"

 

"Yes, the FIRE Rises"

 

http://youtu.be/EiMeq9aVqqk

 

Kinda says it all now don't it?

 

Fri, 12/28/2012 - 17:34 | 3103038 earleflorida
earleflorida's picture

even 'adele' knows the obi`kenobi's faux persona de`jour-- can a crocodiles' tears really burn when a[the] monsoon comes? 

http://www.youtube.com/watch?v=FlsBObg-1BQ

Fri, 12/28/2012 - 18:43 | 3103311 economics9698
Sat, 12/29/2012 - 07:24 | 3104354 GetZeeGold
GetZeeGold's picture

 

 

Hey...you can't talk to me like that. Don't you realize I'm a damn US senator.

Fri, 12/28/2012 - 18:54 | 3103377 Pants McPants
Pants McPants's picture

Adele?  Really?

I'm not judging, though I do admire the courage it takes to post Adele on this site.

(I didn't junk you)

Fri, 12/28/2012 - 19:36 | 3103559 Fredo Corleone
Fredo Corleone's picture

When speaking of Washington, I will quote my brother Mike: "We're all part of the same hypocrisy."

These guys haven't a clue as to the art of the deal -- and someone should remind the "My offer is nothing" crowd that ( using ) muscle is only for guys who can't negotiate.

Fri, 12/28/2012 - 20:06 | 3103666 Dealer
Dealer's picture

That was a great plane escape clip, awesome.  I had never seen that before.  Thank you for sharing that, sir.  The fire RISES!

Fri, 12/28/2012 - 21:21 | 3103848 NemoDeNovo
NemoDeNovo's picture

No prob its from the New Batman Movie, very interesting movie to say the least, you might want to check it out, a LOT of interesting themes in that flick, have a Great New Year!

 

Nemo

Fri, 12/28/2012 - 17:38 | 3103070 JLee2027
JLee2027's picture

To the cliff we go. And let's not forget "Ramming Speed".

http://www.youtube.com/watch?v=WXh1tW16V-8

Fri, 12/28/2012 - 19:40 | 3103570 NemoDeNovo
NemoDeNovo's picture
"Prepare for.....Ludacrous Speed"!!!

 

http://youtu.be/ygE01sOhzz0

Fri, 12/28/2012 - 20:59 | 3103801 Bindar Dundat
Bindar Dundat's picture

Hi Ho Hi Ho It's off the cliff we go

Ben Bernank bit his wank

And than he could not go

Hi Ho Hi Ho , It's off the cliff we go....

Fri, 12/28/2012 - 16:53 | 3102845 Michaelwiseguy
Michaelwiseguy's picture

Bush era tax cuts are dead. Long live Obama tax cuts.

Fri, 12/28/2012 - 17:00 | 3102887 ACP
ACP's picture

That would be the cuts where Obongwater allows us to keep a few pennies out of the money that we earn...

Fri, 12/28/2012 - 17:02 | 3102902 Michaelwiseguy
Michaelwiseguy's picture

23 million unemployed Americans don't have to worry about paying taxes. That's like the entire population of Australia.

Fri, 12/28/2012 - 17:17 | 3102971 ACP
ACP's picture

Or, if you add in the people who actually make money but don't pay taxes, add in the illegal aliens, disability fakers and what have you, you're around 160 million, the population of a large Chinese city.

NOW, for the people who pay only a couple hundred or couple thousand and then draw government benefits, those people who don't contribute on a net basis would probably put this number significantly over 160 million.

Fri, 12/28/2012 - 17:35 | 3103014 TruthInSunshine
TruthInSunshine's picture

Roughly half of the 152 million Americans that are employed, whether in full time or part time positions, pay no net taxes (i.e. they receive more back than they pay, even when taking into consideration FICA, etc.)....so that's approximately 75 million individual "net" tax payers.

In reality, of these 75 million individuals, probably less than 45 million pay 10k or more in taxes to the federal government each year.

But the journalistic legend and mental giant that is Joe Weasenfail (/sarc) makes a compelling case that the United States doesn't have a spending problem, debt doesn't matter in any case, but that even if the debt does matter, the present debt is more than manageable once government does it's mission of creating millions of more jobs and massively increasing the GDP (/sarc) [because government a) has a necessary and proper role in creating jobs and planning GDP, and b) government is competent and efficient enough to and should-- as a proper role of a government that's crowding out the private sector-- create jobs and plan GDP].

Fri, 12/28/2012 - 17:59 | 3103161 knukles
knukles's picture

 

 

 

Well that leaves me as the last and only fucker left paying taxes!

Fri, 12/28/2012 - 18:30 | 3103282 DoChenRollingBearing
DoChenRollingBearing's picture

BRRRAAAPPPP!  (wrong-buzzer sound)

 

That's two us!  On our shoulders again, knukles...

Fri, 12/28/2012 - 19:01 | 3103404 ACP
ACP's picture

And neither of you are paying your fair share...so get ready to cough up whatever you have left!

Fri, 12/28/2012 - 20:28 | 3103717 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.

Sat, 12/29/2012 - 10:16 | 3104440 GetZeeGold
GetZeeGold's picture

 

 

Gas is free at the Gulch. But no one wants any.....cause we're not going anywhere.

Fri, 12/28/2012 - 18:13 | 3103220 e_goldstein
e_goldstein's picture

I think that's what they refer to as "change."

 

Fri, 12/28/2012 - 17:05 | 3102909 Dingleberry
Dingleberry's picture

Worse selloffs happen form stubby fingers.......

Fri, 12/28/2012 - 17:48 | 3103107 Freddie
Freddie's picture

The Senator in the movie is from Nevada aka a real slime like Hairy Reid. 

F the Senate.

Fri, 12/28/2012 - 19:46 | 3103585 ball-and-chain
ball-and-chain's picture

Exactly right.

Wash, rinse, repeat.

Nothing to see here, folks.

The tail will continue to wag the dog.

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

Fri, 12/28/2012 - 16:42 | 3102796 sbenard
sbenard's picture

Time for another test of ES limit down.

Fri, 12/28/2012 - 16:42 | 3102797 Conman
Conman's picture

Still time to refute rumor. Circus on.

Fri, 12/28/2012 - 16:42 | 3102799 SheepDog-One
SheepDog-One's picture

Why can't ObaMao just call that piece of shit Bernank and get him to 'ease' the fiscal cliff?

P.S.- FUCK U BERNANK! ObaMao too + all Clowngress critters!

Fri, 12/28/2012 - 18:01 | 3103169 knukles
knukles's picture

"Bernak.  Comma. Gimme sum room like ease up onadh cliff yo.  Be Timmah way."

Fri, 12/28/2012 - 16:43 | 3102801 stateside
stateside's picture

TIMBER!!!!!!!!!!!!!!!!!!!!!!!!!!!!!!!!!!!!!!!!

stateside

Fri, 12/28/2012 - 16:43 | 3102802 fonzannoon
fonzannoon's picture

this is the lamest selloff in history. pathetic.

Fri, 12/28/2012 - 16:47 | 3102822 rsnoble
rsnoble's picture

Look how they have everyone conditioned with endless money printing.  A -100 day is now considered a selloff when the index is in the 13k range? That's more like a muted sneeze, not a selloff.  Personally id like to see some -1000 days this shits been far too boring for far too long.

Fri, 12/28/2012 - 16:53 | 3102848 fonzannoon
fonzannoon's picture

"the selloff is intensifying" fuck you intensifying. down 140pts. bullshit. nice calm managed delcine. all part of the play.

Fri, 12/28/2012 - 17:05 | 3102911 kito
kito's picture

fonz, happy new year!!!! break out the prosecco!!!!  one has to ask.....if the markets are controlled/manipulated by the government/central banks, why would anybody expect some major stock plunge?....one cannot believe that the markets are orchestrated by the bank/government henchmen, and then expect some revolt----shirley thats counterintuitive..............

Fri, 12/28/2012 - 17:12 | 3102944 fonzannoon
fonzannoon's picture

Happy New year to you too Kito. I do not expect a plunge. I think a controlled selloff happens so people yell "Make a deal dammit!". Then they make some deal that in actuality does not mean shit and the market takes off again on growth expectations that never materialize. Basically back to the usual shit.

The next real selloff, should it ever occur will be like an elevator cable snapping. It will look like the 2010 flash crash for about a minute until Bloomberg etc. explain they had to close the market temproarily because of technical difficulty.

Fri, 12/28/2012 - 17:15 | 3102956 ekm
ekm's picture

We are beyong the point of a controlled selloff.

That's why NYSE bankrupted and had to be bought out.

 

Fri, 12/28/2012 - 17:16 | 3102966 fonzannoon
fonzannoon's picture

EKM this week was a controlled selloff. If a selloff cannot happen and yet it is happening how do you reconcile that?

Fri, 12/28/2012 - 17:19 | 3102976 ekm
ekm's picture

Primary Dealers selling and buying from each other in dark pools.

There are only crums left for traders to trade in a bonafide way.

 

DOW and S&P are 100% overvalued. Proportinally 160dow pts drop is absolutely nothing.

Fri, 12/28/2012 - 17:20 | 3102982 fonzannoon
fonzannoon's picture

"Proportinally 160dow pts drop is absolutely nothing"

agreed, completely.

Fri, 12/28/2012 - 17:26 | 3103000 ekm
ekm's picture

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 - 18:37 | 3103302 ToNYC
ToNYC's picture

All they have is eyeballs to sell by obsolete shlumphs a' talking. NYSE got a lump of ICE coal in its stocking!

 

Fri, 12/28/2012 - 17:15 | 3102962 kito
kito's picture

but how can a zombiefied market, without soul, crash, unless of course that is the plan...................hmmmm..........................

Fri, 12/28/2012 - 17:19 | 3102978 fonzannoon
fonzannoon's picture

I would actually use your logic (last night with the boomers) to justify it. I know a bunch of people that moved money in their 401k from stocks to cash today. It's kind of like the Princess Bride. The market is not dead. Just mostly dead.

Fri, 12/28/2012 - 17:27 | 3103016 kito
kito's picture

right, so a market, whose only remaining players have every interest in keeping the market afloat and the status quo alive, would never allow the stock market to crash, since that would destroy the last bastion of illusory wealth.................its so much fun to know there is just no logic that holds anymore..............................

 

.........and those people who moved their money from stocks to cash today are under the delusion that somehow the fiscal cliff is the end.....................when in fact both roads eventually lead to the end.........the road splits...one route takes them through fiscalcliffandia.....the other road takes them through spendalandia..................both meet back up at the single lane road, where a beautiful brick wall lies just around the bend........................

Fri, 12/28/2012 - 17:30 | 3103032 fonzannoon
fonzannoon's picture

"so a market, whose only remaining players have every interest in keeping the market afloat and the status quo alive, would never allow the stock market to crash, since that would destroy the last bastion of illusory wealth.................its so much fun to know there is just no logic that holds anymore..............................

That actually sounds logical

Listen Kito you seem to be in a rather tight part of the rabbit hole. You are getting a little claustrophobic and are trying to back out again. Just drop some more acid and push as hard as you can and you will enter freefall again. Hurry up we are waiting.

Fri, 12/28/2012 - 17:44 | 3103094 kito
kito's picture

what sounds logical?...the part about the remaining players keeping the market alive?...or the part about there being no logic to my logical statement about the remaining players keeping the market alive?.....

 

i think i should just hang out in the tight part of the rabbit hole for another few weeks...this way i can shed some pounds and slip through.....then i can kill two birds with one stone......my new years resolution of losing 10 pounds and getting further away from the insanity that drives the world....................

Fri, 12/28/2012 - 17:50 | 3103118 fonzannoon
fonzannoon's picture

I watched a thing on Netflix called "Fat, sick and nearly dead" last year this time. I bought a juicer and lost 22lbs in 2 months. Best decision ever. Give it a shot.

Fri, 12/28/2012 - 18:09 | 3103202 kito
kito's picture

funny, i saw the same flick, got inspired, went on a all juice fast for.....2 days.....couldnt do it.................i did the raw food diet for a month.....that was great.....but again.......as sustainable as the u.s. debt trajectory...........

Fri, 12/28/2012 - 18:24 | 3103265 fonzannoon
fonzannoon's picture

juice for breakfast. regular lunch. juice for dinner with some chicken/fish dish. no bread. no pasta. that is tough for a fonzannoon. good luck whatever u do. it's hard

Fri, 12/28/2012 - 18:59 | 3103398 kito
kito's picture

when is the avatar coming?...............

Fri, 12/28/2012 - 19:16 | 3103464 fonzannoon
fonzannoon's picture

My avatar will be just like t he coming reset. When you least expect it.

Fri, 12/28/2012 - 19:24 | 3103490 kito
kito's picture

ha ha, or perhaps you will add one micropixel a day for the next 20 years until your avatar is complete..............slow and steady.....perhaps just like the u.s. decline??????? who knows......................

Fri, 12/28/2012 - 17:03 | 3102833 NoDebt
NoDebt's picture

But... but.... They called the house back in session for Sunday night!  Can't you see they're going to fix this over the weekend??

Nobody wants to get caught out Monday Tuesday morning if they do what I think they might- a 3-6 month "kick the can" extension over the weekend.  And actual "over she goes!" that lasts more than a few days I think would be what it takes to see some real back-to-back triple digit downs.

Fri, 12/28/2012 - 17:31 | 3103039 Tenshin Headache
Tenshin Headache's picture

They don't have 3-6 months to kick the can. They have 2. And they will have serious market pressure very shortly here.

Fri, 12/28/2012 - 16:54 | 3102851 ekm
ekm's picture

There's nothing to sell. Who's selling?

Primary Dealers and other very very big guys own everything.

Fri, 12/28/2012 - 17:17 | 3102968 yogibear
yogibear's picture

LOL, not really much of a selloff. No need to worry. Bubble Bernanke and the Fed have any serious selling contained.

We have a Federal Reserve skittle pooping unicorn market. Communist and Socialist comrades learn from this.

 

Fri, 12/28/2012 - 16:44 | 3102805 rsnoble
rsnoble's picture

You know if the DJIA fell 5,000pts the fucking garbage would still be overpriced.  Just because the digital zero recipents have endless money to throw in the hole doesn't mean you should throw in yours also.  

Fri, 12/28/2012 - 18:10 | 3102951 AlaricBalth
AlaricBalth's picture

There is no true value in something which can be created at the push of an enter key..

Fri, 12/28/2012 - 16:44 | 3102809 sbenard
sbenard's picture

Would we expect anything better of the Dictator of Debt?

I once thought that the election of Obama was THE most catastrophic error of our generation. I was wrong. His REELECTION was!

Fri, 12/28/2012 - 16:54 | 3102856 kridkrid
kridkrid's picture

Nothing changes had the other guy won... nothing.  Politics is the distraction from the real issues, by design.  Politics provides a "feeling" that had only "my guy" won, things could be different.  "HOPE" is the perfect slogan... both for and against Obama. 

Everything about this fiscal cliff is a distraction.  Some "line in the sand" that may just as well be spaghetti thrown against a wall.  It makes no difference one way or another.  There is no "solution" to the fiscal cliff.  There is no way to balance the budget without cratering the financial system.  None of this can be fixed and none of this is sustainable.  It's just math.

Fri, 12/28/2012 - 17:00 | 3102894 youngman
youngman's picture

No the Other Guy new how to run a business...several...he new how to cut deals...buy companies...pay taxes..invest...you knew his history..he could and would have got it done....how would you like to be the aide trying to explain a balance sheet to the president....he is just a socialist...he wants to do away with the producers...take all their stuff..and give it to his people....this is a joke...Obama is a joke...his voters don´t have jobs..don´t pay taxes..takers...is that really the America you want????

Fri, 12/28/2012 - 17:16 | 3102964 pods
pods's picture

So you are saying that Romney has found the solution to exponential expansion (needed by our monetary system) in a finite world?

pods

Fri, 12/28/2012 - 17:23 | 3102996 Dr. No
Dr. No's picture

Nobel prize in mathematics for the Prez.  What no prize for math?  MAKE ONE!!

Fri, 12/28/2012 - 17:22 | 3102994 NotApplicable
NotApplicable's picture

WTF does "Presidentin" have to do with any of those things?

Those people don't do anything that they haven't been told to do. The last one that tried was named JFK. The last one that considered it was Reagan, who quickly decided to return to his acting career rather than dodge even more bullets.

The idea that Rmoney would've done anything of substance differently than Obummer is pure, uncut Hopium.

Wow, I can't believe people can still be this clueless about the facade of governance, given what we've witnessed.

Whatevah

Fri, 12/28/2012 - 17:25 | 3103006 Dr. No
Dr. No's picture

With the prefered Bush waiting in wings, I am still puzzled why TPTB chose such a nut case for that job.

Fri, 12/28/2012 - 17:47 | 3103106 Taffy Lewis
Taffy Lewis's picture

No, youngman, it's not the America that I want... I am moving back to SE Asia. Will rent out the house here in Midwest U.S.A.; if the kids want to move back here for college then they have a home base.

Fri, 12/28/2012 - 16:45 | 3102810 monopoly
monopoly's picture

What a bunch of immature idiots. How much are we paying these people?

Fri, 12/28/2012 - 16:46 | 3102820 SheepDog-One
SheepDog-One's picture

It's like high school.

Fri, 12/28/2012 - 16:59 | 3102885 Dr. Engali
Dr. Engali's picture

Obama just signed an executive order to give them a raise.

 

http://www.weeklystandard.com/blogs/obama-orders-raise-biden-members-con...

Fri, 12/28/2012 - 17:03 | 3102904 SheepDog-One
SheepDog-One's picture

MO money MO money MO money!!

Fri, 12/28/2012 - 17:40 | 3102985 onelight
onelight's picture

What I find so striking in all of this is the simple reality that the country is operating without political leadership.

Instead all we have are process-gamers, savvy to angles, adult children shrewd with buying votes and managing "optics" but wholly lacking in wisdom, the ability to see and inspire.

We go through these campaign cycles and they say a lot of things, but then they fail to do their work, complain about having to work during their un-earned vacation (Schumer), and then point fingers at the other side. 

Like many, I am working through the holidays and when I look at these whiners I just cringe. Maybe they need the Australian encouragement program:

Chopper Says Harden the $&*%# Up:

http://www.youtube.com/watch?v=unkIVvjZc9Y

The country has seen this before, and will survive, but the fact is we have no political leadership to speak of..

Fri, 12/28/2012 - 17:52 | 3103125 NotApplicable
NotApplicable's picture

You mean the country is operating in spite of its political leadership.

And it ALWAYS has.

Fri, 12/28/2012 - 17:58 | 3103155 onelight
onelight's picture

Good point you make

Fri, 12/28/2012 - 17:33 | 3103049 MagicHandPuppet
MagicHandPuppet's picture

Wow.  I guess he's given himself the authority to decide anything and everything.  Do we even need a CONgress now that we have a dictator and chief?

Fri, 12/28/2012 - 18:42 | 3103325 lakecity55
lakecity55's picture

Hmmm, expect a sudden midnight announcement that all of CONgress was rounded up.

Fri, 12/28/2012 - 16:44 | 3102813 Cursive
Cursive's picture

Hey, ES, you've been Obama'd.  Expect more in 2013.

Fri, 12/28/2012 - 16:45 | 3102814 chubbyjjfong
chubbyjjfong's picture

"Gather round lads, time for a haka"

Fri, 12/28/2012 - 16:49 | 3102818 Dr. No
Dr. No's picture

EDIT: Deleted.  Tyler put up the video.

Fri, 12/28/2012 - 16:47 | 3102823 ultraticum
ultraticum's picture

No offer from the slave master because he's too busy preparing to sign some midnight bill, like he did last year over New Years with NDAA, to strip sheeple of more of their rights.

Fri, 12/28/2012 - 16:50 | 3102830 SheepDog-One
SheepDog-One's picture

No doubt, under cover of the 'big diversion' we'll hear New Years Day ObaMao has exec ordered confiscation of all firearms...everyone will be all 'OMG!'.

Fri, 12/28/2012 - 17:47 | 3103103 odatruf
odatruf's picture

I think you give everyone too much credit. Some may text, tweet or Facebook 'OMG', but that's it because (pick one: iPhone, teevee, cowardice, stupidity, comfort, etc.).

 

Fri, 12/28/2012 - 17:58 | 3103149 ZeroAvatar
ZeroAvatar's picture

I'm prepared to die for my country.  I take it you're not? Guy Fawlkes mask=dead giveaway. (pussy)

Fri, 12/28/2012 - 18:39 | 3103316 lakecity55
lakecity55's picture

Sudden airborne invasion of blue helmets.

Sweeping down from Canada, up from Mexico, landing in every town with an airport.

A secret and cunning plan, blackadder!

Fri, 12/28/2012 - 16:48 | 3102825 fonzannoon
fonzannoon's picture

look at that S&P hold 1400 like it's nothing. piece of cake.

Fri, 12/28/2012 - 16:54 | 3102857 The Shootist
The Shootist's picture

Sell off? More like a ramp.

Fri, 12/28/2012 - 16:49 | 3102826 Jayda1850
Jayda1850's picture

So all the losers come back to DC for one big circle jerk, glad my tax dollars are going to good use. I loathe how apathetic and ignorant my fellow americans are. I pay quarterly taxes out of pocket. If all americans didnt have taxes withheld and had to pay outta pocket, we would have a revolution within a month.

Fri, 12/28/2012 - 16:50 | 3102827 Turin Turambar
Turin Turambar's picture

Obama doesn't want a deal.  Period.  It's really that simple.  The sheep just can't seem to get it through their thick skulls that the guy has an agenda and it isn't the same as theirs.

Fri, 12/28/2012 - 16:50 | 3102835 SheepDog-One
SheepDog-One's picture

Damn straight.

Fri, 12/28/2012 - 16:59 | 3102888 Freddie
Freddie's picture

The GOP should cut everything including the White House budget. 10% across the board cuts and 90% for the white house budget. 

I am sure the Supreme Court, Congress and everyone else has Chicago threats on their lives and their families.  Support the Chicago gang made the Clintons an offer they could not refuse and it had to do with their kid.  Give him war and tell TV and the media they are next.

 

Fri, 12/28/2012 - 17:10 | 3102930 Zer0head
Zer0head's picture

right on junior

what he wants is to rename the bush taxcuts

the sad thing is most Americans will actually believe that he cut taxes

Fri, 12/28/2012 - 19:12 | 3103449 AU5K
AU5K's picture

He's going to make us an offer we can't refuse.

Fri, 12/28/2012 - 17:18 | 3102974 yogibear
yogibear's picture

Socialism comrades!!!!

Fri, 12/28/2012 - 18:36 | 3103303 lakecity55
lakecity55's picture

Why haven't more people figured this out?

Is ZH the only place we have left?

I mean, if you step back and look at the ghost-written books, the visitors to the White Mosque, etc etc, it's kinda obvious....

 

Forward, Soviet!

Fri, 12/28/2012 - 18:42 | 3103332 tekhneek
tekhneek's picture

Logged in because of this comment.

Bravo. Someone finally gets it.

Fri, 12/28/2012 - 16:50 | 3102828 swissaustrian
swissaustrian's picture

Calling Jon Hilsenrath:

We need a rumor, now!

Fri, 12/28/2012 - 16:52 | 3102834 muppet_master
muppet_master's picture

spx @ 1403 = yawn !!

still riding my spx AVG SHORT PRICE 1420...since 1447 TOP weeks ago.....

yesterday covered some @ 1404 and reloaded them @ 1414-1417.....(low was 1402 and high was 1420 for the day) = i don't give a rat's behind that i didn't cover at day's bottom (yesterday) or shorted right @ the top....its now @ 1403.

yawn !!! = just riding !! wake me up when spx crashes fast n hard below 1200 = cover shorts b4 dead cat bounce. 

soooo easy to ride = sooo easy to enjoy life....ok today i maxed out my alloted 15 minutes/day monitoring the casino...today it was like 25 minutes on and off...

Fri, 12/28/2012 - 17:22 | 3102990 israhole
israhole's picture

I don't have any skin in the game so couldn't care less one way or the other, but we have to be getting close to a bottom with comments like the above.

Fri, 12/28/2012 - 17:30 | 3103029 SheepDog-One
SheepDog-One's picture

Oh man...you doin ok dude?

Fri, 12/28/2012 - 16:51 | 3102839 ShrNfr
ShrNfr's picture

Shit what took the algos so long. This has been known since 2:36.

Fri, 12/28/2012 - 17:52 | 3103128 NotApplicable
NotApplicable's picture

Algo double head-fake?

Fri, 12/28/2012 - 16:54 | 3102855 bugs_
bugs_'s picture

the one wants an up or down vote on his plan - knowing it won't pass - so that he has a get out of jail free card when its time for the blamestorm.

you couldn't get a clearer sign that we ARE going over the fiscal cliff.  adjust your budgets accordingly - those of you that are forced to have them.

Fri, 12/28/2012 - 16:56 | 3102859 Banksters
Banksters's picture

Most Americans went to sleep and these traitorous cons sold them war, globalism, and endless debt.   They did nothing and now the country is circling the toilet bowl.  

 

FUCK THE FED

FUCK THE PRES

FUCK CONGRESS

FUCK THE SUPREME COURT

FUCK THE MSM 

 

 

Fri, 12/28/2012 - 16:55 | 3102860 SuperDeDuper
SuperDeDuper's picture

I love it when Zero Hedge is right. Check Mate, world.  LOL

Fri, 12/28/2012 - 16:55 | 3102861 Triple A
Triple A's picture

 the deal is coming so hold onto your panties gentleman. Our great leaders won't let us down. Sarc/

Fri, 12/28/2012 - 17:20 | 3102979 tbd108
tbd108's picture

Boehner is just waiting until he wins his job back. He will then bend over and drop his pants.

Fri, 12/28/2012 - 16:55 | 3102862 pods
pods's picture

Offer?  Well since our government is basically a gang anyways I figure this is a fitting scenario.

I say fuck it.  If we stop the charade we will see how we have been monetizing 10%ish of GDP in perpetuity.  

Instead we have this fucking theater while we scare the serfs until they are happy that Ben will monetize more of their kids weath away.

Fuck it, beam my up Scotty, there is no intelligent life down here.

pods

Fri, 12/28/2012 - 17:00 | 3102891 SheepDog-One
SheepDog-One's picture

I'll offer you for sacrifice...say... 5 million pensioners....we have a deal Mr Corleone?

Hmmmm...from what I remember from my civics classes clowngress passed the laws, and the executive branch signed them or not...WTF is this shit with the president telling clowngress what to do and what HE will 'offer them'?

Shows just how broken it all is.

Fri, 12/28/2012 - 16:56 | 3102864 Moe Howard
Moe Howard's picture

Fuck Obamao.

Fri, 12/28/2012 - 16:56 | 3102868 madcows
madcows's picture

I move for a vote of no confidence for the entire government.

Fri, 12/28/2012 - 17:06 | 3102913 pods
pods's picture

If that was on the ballot and it actually purged those lying, cocksucking thieves, I would have voted.

pods

Fri, 12/28/2012 - 16:56 | 3102869 Joebloinvestor
Joebloinvestor's picture

HAHAHAHAHA

What fucking theater.

Drop a Hawaiian vacation to race back to Washington and DO NOTHING.

Blame the Republicans for everything.

I just don't give a fuck anymore.

Fri, 12/28/2012 - 16:57 | 3102870 BrigstockBoy
BrigstockBoy's picture

Now if only someone would take Fredo out fishing...

Fri, 12/28/2012 - 16:57 | 3102873 Tsar Pointless
Tsar Pointless's picture

In my best JoAnn Worley voice - booooor-riiiiing!

Fri, 12/28/2012 - 16:57 | 3102877 Dr. Engali
Dr. Engali's picture

Obama is screwing up all of Ben's hard work. One can only hope that he has been able to prop up this shit long enough for them to get all of their preps in place.

Fri, 12/28/2012 - 16:58 | 3102881 SmoothCoolSmoke
SmoothCoolSmoke's picture

The market is a joke.....worst possible news and the SP cannot even break 1400.

Fri, 12/28/2012 - 16:58 | 3102882 you enjoy myself
you enjoy myself's picture

what is Obama's bizarre fetish with $250K?  its going to raise maybe $50B a year.  and he's actually asking for increased spending.  he's using taxation as punishment, alone.

Fri, 12/28/2012 - 17:54 | 3103135 blunderdog
blunderdog's picture

That was the cutoff used in the bill that had already passed in the Senate, that's all.

Fri, 12/28/2012 - 16:58 | 3102883 ekm
ekm's picture

People

 

There's nothing to sell. To sell means to own something and sell. 

Primary Dealers + few other very very very big guys own everything.

Selling can't and won't happen. Only cratering can and will happen by the collapse of one or two primary dealers, thus flushing the market with stocks to trade with.

 

Check Hunsader:

http://twitter.com/nanexllc/status/284690976553984000

 

Fri, 12/28/2012 - 17:07 | 3102919 SheepDog-One
SheepDog-One's picture

Its basically all been monetized at this point.

Fri, 12/28/2012 - 17:12 | 3102942 ekm
ekm's picture

Correct.

The better way to put it:

Stock market is already owned by the government.

 

That's why NYSE bankrupted and had to be bought out to save face. I started calling NYSE bankruptsy 1 year ago since MFG collapse followed by the global bailout of stocks, Nov 2011.

Check this:

http://online.wsj.com/article/SB1000142412788732466910457820687051816480...


Fri, 12/28/2012 - 17:00 | 3102890 Martin T
Martin T's picture

Tony Montana: You wanna waste my time? Okay. I call my lawyer. He's the best lawyer in Miami. He's such a good lawyer, that by tomorrow morning, you gonna be working in Alaska. So dress warm

Fri, 12/28/2012 - 17:01 | 3102897 TWSceptic
TWSceptic's picture

Blame the other party and hope for the best, yes we can!

Fri, 12/28/2012 - 17:01 | 3102898 Bay of Pigs
Bay of Pigs's picture

If only Obama had the leadership skills and moral integrity of Michael Corleone things might better for the country.

Fri, 12/28/2012 - 17:01 | 3102899 Chupacabra-322
Chupacabra-322's picture

"When people loose everything and have nothing left to loose, they loose it."

-Gerald Celente.

Time is running out for the Criminals to disarm The American People before the whole Ponzi Scheme blows up in their face.  When that occurs there will be no place for these Criminals to run and hide. 

Fri, 12/28/2012 - 18:08 | 3103199 NoTTD
NoTTD's picture

Check your spelling.

Fri, 12/28/2012 - 18:43 | 3103333 Chupacabra-322
Chupacabra-322's picture

How's this?  Go Fuck Yourself. 

Fri, 12/28/2012 - 17:02 | 3102900 SmoothCoolSmoke
SmoothCoolSmoke's picture

Run Romney/Ryan and then bitch when Obama ends up calling the shots?  Hey T-Pubs want to know why things are not going your way?  Find a mirror.  Too Funny.

Fri, 12/28/2012 - 17:03 | 3102903 Agent P
Agent P's picture

We still get to go to the donkey show with Fredo, right?

Fri, 12/28/2012 - 17:07 | 3102912 LouisDega
LouisDega's picture

Leave Fredo out of this. He's Smart

http://www.youtube.com/watch?v=vYabrQrXt4A

Fri, 12/28/2012 - 18:07 | 3103195 NoTTD
NoTTD's picture

Fredo?  Fredo was weak and stupid.

Fri, 12/28/2012 - 17:06 | 3102914 SheepDog-One
SheepDog-One's picture

OK so I guess THIS is the 'fear and panic plunge' so that the serfs will now be frightened and beg D.C. to take away their great great great grandchildrens lives as long as their pension is saved? And all with markets still around 8% from all time record highs....man what a clownshow.

Fri, 12/28/2012 - 17:08 | 3102917 kevinearick
kevinearick's picture

Open Source, Income Deferral, & Black/White Swans

So, as we have sped up the system by employing the implicit internet, pushed out on the integral side, capital has imploded, into a shrinking two-dimensional box of vertically and horizontally challenged cats, incapable of maintaining the breeder reaction, resulting in a derivative short in its probability matrix, exploding income inequality, as measured by the Fed, leaving Wall Street’s HFTs in the dust.

Assuming you have read something like Kissel, circa 86, you set up the algebraic equation with a ladder diagram on one side and a wiring diagram on the other, each with its own algebraic equation, leaving simple reduction with the matching algo to make capital transparent to any position you want, effectively eliminating its ability to seal its contacts to the mobility gateway coils.

To simplify level dimensionality, take that 2D ladder diagram grid you see when you program a PLC into a 3D cube, and then make connections across the dimensions to create additional dimensions. If a single laborer jumps that start to temporarily make the coil contact seal, as a distribution outlier, the ‘stray’ is immeasurable to capital. Only if you allow others to follow and trigger the cascade counter is capital any the wiser. First you build out the new dimension and then you trigger the cascade to measurable income.

Capital, being capital, employs, grows, the middle class to hunt you down, with increasing efficiency, replication, which slows down the scan in the pertinent areas. Effectively, it is going faster and faster in the wrong direction, eliminating its own recursive pathways as it expends energy to hunt you down, shutting down legacy mobility, which is why it has to bulldoze to keep real estate price inflation going, leaving more and more of the middle class on the outside looking in.

The only differences between devices is perspective. As capital loses perspective, the flux available to the shrinking labor pool grows. Net, the critters have given up the ability to effectively raise families in return for a ticket to a rigged lottery, with 0 chance to retire in a McMansion with a BMW out front. At equilibrium, capital must pay effective parents to raise children, which is when small business, the opto-coupler, comes in to re-ignite organic growth, and re-start the motors of industrial production.

By going virtual, capital has effectively cut its own throat, with miniaturized proprietary systems that the middle class cannot see or touch, and compounded the problem by eliminating the physical backups to ensure control, controlling less and less, shrinking volume, with more and more energy expended, increasing pressure, with no exit, until and unless you give it one. You adjust gravity accordingly.

The trick, of course, is to bring the Cyclops to the cliff edge before waking it up, and then to let its reflexes do the work for you. At this point, Congress can delay itself right over the cliff or go back into its cave. Either way, it’s out of the way. The problem/solution in abstraction is losing sight of the hash table kernel, leaving runaway event horizon stacks.

But what the hell do I know, I’m just a dumb laborer, which all of capital and most of the middle class is trying to prove is replaceable. Keep priming the pump, from the top, down, and good luck with that.

Fri, 12/28/2012 - 18:11 | 3103211 ZeroAvatar
ZeroAvatar's picture

Lay off the dope, dude.

Fri, 12/28/2012 - 17:10 | 3102923 Waterfallsparkles
Waterfallsparkles's picture

Obama creates all of this hoopla and still saying my way or the highway?  Shame on him.  He is acting more and more like a Dictator than a President.

He wants total control over the Debt Ceiling for the next 2 years.  Just think how much damage he could cause to our Country by printing like Zimbabwe without Congress approval.

Next thing you know he will do a Presidential Executive Order to make himself Dictator for life.

Fri, 12/28/2012 - 17:09 | 3102925 Banksters
Banksters's picture

This is what happens when foreign and domestic policy is run by sociopaths.   Without principles we are lost.  

Fri, 12/28/2012 - 17:09 | 3102926 Getting Old Sucks
Getting Old Sucks's picture

I think this shit is all planned out on both sides.  They want the money from all of us and will just blame each other.  It will affect me and mine and yes, I'll be pissed.  However, there'll be some satisfaction that government spending will be cut and the defense fat cats will be hit hard too.  Government agencies will be forced to lay off.  They'll have to issue Treasuries to redeem SS trust bonds.  SNAPS will be cut as will unemployment insurance extended benefits.  Time to choose between working for minimum wage or pick garbage to eat.  Let the collapse begin.  Get the gold and silver ready to barter.

Fri, 12/28/2012 - 17:10 | 3102929 TheMayor
TheMayor's picture

BUY the F'N DIP!

Fri, 12/28/2012 - 17:12 | 3102933 lakecity55
lakecity55's picture

You have followed your orders well, ManofManyNames.  Soon, America will no longer exist.

The Council has voted to move you to head (puppet) of the UN, upon the final collapse of the former American Republic.

You will also get a key to the Elite Men's Room and Spa.

Soon, we will conquer these "americans" with overwhelming military force; even now, we are unveiling our NBC weapons to use upon these useless cattle. We shall grind them under our feet and salt their earth.

A special thanks too, from our Chairman, Lucifer.

(signed)

TPTB.

Fri, 12/28/2012 - 17:16 | 3102963 Uncle Remus
Uncle Remus's picture

The 99 names of O'Duffer...

Fri, 12/28/2012 - 17:54 | 3103133 FreedomCostsaBu...
FreedomCostsaBuck-o-Five's picture

Saw a new one earlier in the thread: Obongwater!
HA!

Fri, 12/28/2012 - 17:48 | 3103104 Getting Old Sucks
Getting Old Sucks's picture

If shit gets bad enough, there won't be a square inch in the world where a rich man will be safe.  They will have to disguise themselves as one of us to survive and live out their lives as a poor man. 

Signed,

The 99.9%

 

Fri, 12/28/2012 - 17:59 | 3103148 Freddie
Freddie's picture

The USA will not be safe. The elites hiding in Colorado or Arizona or Wyoming or Idaho?  Utah NSA bunkers?  The locals know who is there.  Chicago or Manhattan or Long Island?  Probably not.

The only place will probably be Hawaii.  Yeah the military is there but the Pentagon and Joint Chiefs are cowards.

Fri, 12/28/2012 - 21:49 | 3103895 Real Estate Geek
Real Estate Geek's picture

 I have good news and bad news, Getting Old Sucks.  The good news is that YOU are rich, at least as far as the rest of the world is concerned.  And that's also the bad news.

Fri, 12/28/2012 - 17:11 | 3102934 1eyedman
1eyedman's picture

its been a long time since a nice Friday-Monday rope a dope.....but like i said before and nicedown  12/31, sets up an easy 'up January'....or at least 'off the lows' for January..

Fri, 12/28/2012 - 17:11 | 3102936 stant
stant's picture

the mack daddy will never get a carrier named after him but he might get one shoved up his ass

Fri, 12/28/2012 - 17:16 | 3102965 F. Bastiat
F. Bastiat's picture

We can only hope.

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