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Senator Baucus Sums Up The Winning Trade Of 2012

Tyler Durden's picture




 

In a just aired Bloomberg TV interview, Senator Max Baucus provided the most succinct summation of the state of our nation now and for most of 2012, as well as the winningest trading strategy of the past year:

there is "a lot of hope and faith" in the 3pm White House Meeting.

Q.E.D.

 

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Fri, 12/28/2012 - 14:23 | 3102265 CrashisOptimistic
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There is a TON of commentary about how Boehner has to sell tax increases to the House.

The truth is there are 6 Democrat Senators from Red states up for re-election in 2014 and it is THEY who won't support much of this stuff.

The party out of power usually wins seats.  The GOP's position for 2014 is strong.

Fri, 12/28/2012 - 14:25 | 3102274 knukles
knukles's picture

But where's the "change" half of the deal?
Nope, nobody voted for "faith".
Nuh uh....

(bait and switch shit again)

Fri, 12/28/2012 - 14:32 | 3102309 shovelhead
shovelhead's picture

Mission Accomplished on the Change...

From bad to worse...

Now it's devoved to faith...

Pray like hell and Hope you survive.

Fri, 12/28/2012 - 15:53 | 3102623 A Nanny Moose
A Nanny Moose's picture

....as if it matters in the least. Let's just give one party all the power, so we can run this friggin' short bus over the cliff already.

Fri, 12/28/2012 - 16:04 | 3102671 Freddie
Freddie's picture

2012 was proof Obama/Dems/NWO can rig any election.   The last probably free election in the USA was Reagan's last win.  I would bet all of  CA, OR, WA elections are rigged. WA for sure.

Fri, 12/28/2012 - 17:27 | 3103013 11b40
11b40's picture

Yo, Freddie....tell me again how it was that Romney won the nomination?  

If you aren't sure, I bet some Ron Paul guys can clue you in.

Fri, 12/28/2012 - 14:23 | 3102267 _ConanTheLibert...
_ConanTheLibertarian_'s picture

Who? Max A Baracus?

Fri, 12/28/2012 - 14:25 | 3102277 CrashisOptimistic
CrashisOptimistic's picture

D, Montana.  One of the 6 I just mentioned.

Fri, 12/28/2012 - 15:37 | 3102560 youngman
youngman's picture

Wasn´t he the rich guy on Gilligans Island...

Fri, 12/28/2012 - 14:24 | 3102271 Tsar Pointless
Tsar Pointless's picture

The most useless words in the English vocabulary:

Hope; Faith; Pray.

Without human action, none of the three mean a damn thing.

Yet a large number of Amerikkkans cling to one or a combination of the three as a way of not dealing with reality.

Greatest Country in the WorldTM.

Fri, 12/28/2012 - 14:31 | 3102306 GMadScientist
GMadScientist's picture

You obviously missed how much of the "human action" over the past few centuries has been motivated by those of "faith and hope".

Usually at the expense of some other humans' "faith and hope".

Fri, 12/28/2012 - 14:45 | 3102369 mayhem_korner
mayhem_korner's picture

 

 

To say that human action is needed to effect the things we pray for and have faith in is to lack understanding of faith and prayer.

Fri, 12/28/2012 - 14:59 | 3102401 I am on to you
I am on to you's picture

No quite right,Jon Bon Jovi,made a ton of money,on:

Living on a prayer.

Not to forget,Bruce "War?????? what is worth for"Dronesteen,surport to,i have an  Odreamer.

Makes one wonder,in which world these; Crock Slingers, live in,ill go for the Bonophone,it has "Not found,yet what i look,oh wait was my hat,send it 1class ,installed:Setup and matchball.

Hope and faith????

Look towards,Rome,they have a coffin full of Hope and Faith,next to a Don(was he Alone) Al(e)one???

Lets 2013 come,its been missed!I got the gangwar Blues,got nothing left to loose!

Fri, 12/28/2012 - 15:14 | 3102477 1C3-N1N3
1C3-N1N3's picture

People make up imaginary friends and family when their real friends and family prove inadequate.

Fri, 12/28/2012 - 16:16 | 3102712 pods
pods's picture

Hmmm, that reminds me of something..............

"Like"

pods

Fri, 12/28/2012 - 14:25 | 3102278 happel
happel's picture

You cannot possibly suggest there is any other way to handle my investments, do you!? Hope, faith, prayer. All valid trade signals. 

Fri, 12/28/2012 - 14:32 | 3102310 GMadScientist
GMadScientist's picture

Technical Analysis moves in mysterious waves.

 

Fri, 12/28/2012 - 14:50 | 3102392 mrdenis
mrdenis's picture

Is that like the death cross ?

Fri, 12/28/2012 - 16:07 | 3102679 Freddie
Freddie's picture

Wasn't Fibonacci a priest?   My guess is the afternoon rally kicks in in about 5,4,3,2,1.

Fri, 12/28/2012 - 14:32 | 3102296 SheepDog-One
SheepDog-One's picture

Surely the magical 'law-giver' wizards will get us out of this trouble without a negative to anyone and nothing but sunshine and lolipops for everyone! Yea sure, we're broke and no one will lend us any money anymore but whatever... they'll just 'compromise' their way around it. Thats what the whole worlds markets are betting on?

Wait till the ugly details are revealed.

Fri, 12/28/2012 - 14:30 | 3102299 SuperDeDuper
SuperDeDuper's picture

I'll take 'Hope and Faith' for 3000 Trebek. Trebek: "This is known as the biggest crock of shit that Congress has ever failed to Act on in American History"  Answer: "What is the Fiscal Cliff". 

Fri, 12/28/2012 - 14:29 | 3102300 SuperDeDuper
SuperDeDuper's picture

I'll take 'Hope and Faith' for 3000 Trebek. Trebek: "This is known as the biggest crock of shit that Congress has ever failed to Act on in American History"  Answer: "What is the Fiscal Cliff". 

Fri, 12/28/2012 - 14:34 | 3102318 pods
pods's picture

Why oh why didn't I take the blue pill?

pods

Fri, 12/28/2012 - 14:42 | 3102352 knukles
knukles's picture

Seriously.
The other day I'd wished for a very brief moment that I'd never woken up as can never get back to sleep.  Once seeing it for what it is, can't hide anymore, even ever so briefly.
Why'd I ever want to and then take the red pill, I wondered.

Welcome to the real matrix....

Just hoping to remain lost in the static ....

Fri, 12/28/2012 - 14:48 | 3102381 Winston Churchill
Winston Churchill's picture

LSD has nothing on the red pill.

You come down from acid.

Fri, 12/28/2012 - 14:52 | 3102396 pods
pods's picture

Agreed knukles, when I had my awakening, things changed.  You cannot get "unfucked" no matter how hard you try.

I cannot stomach the vast majority of "things" that make up our culture nowadays. TV?  Cannot watch program television.  Anything where there is a commercial.  I think too much.  Like what happened to cable tv? We used to pay to avoid watching commercials. Now?  Shit, I can barely watch a video clip on the internet, cause guess what? Commercials.

Cars?  I used to like them to drive. Now they are little mini blinders that keep us from seeing the world while we move from cage to cage.

I just thank God that I can still see life for what it can be.  Spend some time out in the woods, away from things.  Dropping a line in this weekend. Nothing like a crisp winter night to see the stars.

Each day is a challenge. Every now an again I wish I was like those people you see.  Happily lost in their own little cognitive dissonance of truly important events and 0% interest furniture.

But when things get bad, and they will, you will be thankful that you have realized what the world is really like.  Fear is caused by not knowing.

At least we know.

pods

Fri, 12/28/2012 - 16:09 | 3102687 Freddie
Freddie's picture

F TV and F Hollywood.  If you pay for any of their sh*t - you support The Matrix.  Pull the plug on it.

Fri, 12/28/2012 - 18:39 | 3103318 knukles
knukles's picture

It is the Angel of Mercy who blinds us as to the future and relieves us from temporal distractions and temptations.

Fri, 12/28/2012 - 14:34 | 3102324 SpykerSpeed
SpykerSpeed's picture

It's like the US was goofing off until a day before the 37-page paper was due and they're still in denial, "MAYBE I CAN GET AN EXTENSION IF I SAY MY GRANDMOTHER DIED AND I WAS CRYING A LOT."

Fri, 12/28/2012 - 14:38 | 3102338 djsmps
djsmps's picture

Or faint and get a "concussion".

Fri, 12/28/2012 - 14:40 | 3102345 SuperDeDuper
SuperDeDuper's picture

Yeah, but Congress may just do a 'Copy' 'Paste' after googling 'how to resolve the fiscal cliff'.  They'll find that the answer is to pick up a can, and kick it.

Fri, 12/28/2012 - 14:36 | 3102329 SheepDog-One
SheepDog-One's picture

There's ALWAYS room for another helping of rumors!

Fri, 12/28/2012 - 14:45 | 3102366 SuperDeDuper
SuperDeDuper's picture

I think if nothing comes together on the fiscal cliff that at least one piece of legislation passes.  That Harry Reid and John Boehner have to switch first names.  Cause we'll all need a laugh.

Fri, 12/28/2012 - 14:56 | 3102411 Joe moneybags
Joe moneybags's picture

Good posts today, SDD!

Fri, 12/28/2012 - 15:07 | 3102443 SuperDeDuper
SuperDeDuper's picture

Thanks, it comes naturally.  'Thats what she said'

Fri, 12/28/2012 - 14:45 | 3102367 DrDinkus
DrDinkus's picture

how you guys trading this meeting? obviously they wont get anything done....wonder how long itll take for that headline to come out, 4:00:01?

Fri, 12/28/2012 - 15:09 | 3102453 SuperDeDuper
SuperDeDuper's picture

My guess is 3:53:10 PM.  Enough time to rally back to unchanged in time for the weekend. 

Fri, 12/28/2012 - 14:48 | 3102380 Nobody For President
Nobody For President's picture

So the afternoon meeting will end after the (so called) market closes on Friday -

Why does this remind me of how the EU 'solves' its problems? 

Fri, 12/28/2012 - 14:54 | 3102403 Joe moneybags
Joe moneybags's picture

The Fiscal Cliff legislation was designed, mostly, as strong medicine for our out-of-control fiscal policy.  But it is being portrayed as a poisoned pill, one that must never be taken.  Strong medicine will have it's unsavory side-effects, but let's take it, knowing that we will recover more strongly by this time next year.

Fri, 12/28/2012 - 15:06 | 3102441 A Lunatic
A Lunatic's picture

I'm just glad I took my well-being into my own hands a few years back........

Fri, 12/28/2012 - 15:26 | 3102520 delivered
delivered's picture

Hope and faith to what, at best reduce a $1.2 trillion annual deficit to $1 trillion (either by reducing spending, increasing taxes, or a combination producing $200 billion a year)? The fiscal cliff discussion/debate is the biggest farce this country has ever witnessed and reminds me of the line in the movie Gladiator when the senators are discussing the use of Fear and Wonderment by the new emporer upon his return (to keep the masses in-line and distracted). In this case, fear = going over the fiscal cliff and wonderment = when some BS deal is cut between the leaders that it proves the political system does in fact work. Fear and Wonderment, a very powerful combination indeed to which the sheepie will be hoodwinked into thinking all is well.

Same political BS that is running rampant in the US is also being mirrored in Europe by politicians or bankers stating the worst of the debt crise is behind us. Last I checked, Europe was in a recession, southern Europe unemployment was in excess of 25%, and each and every day, soverign debt levels continue to increase.

Let's face it, the only thing which has been resolved over the past four years is that western governments will continue to spend well beyond their means and that CBs are now the primary funding mechanism to support this funding. Period, end of story, game over as a decade ago, the outright monetization of soverign debt would have been unthinkable and unacceptable by the market. Today, it's just another day in paradise.

Fri, 12/28/2012 - 15:50 | 3102608 DUNTHAT
DUNTHAT's picture

AND when you do the NPV thingy for all future liabilities the annual deficit grows to 1.5 Trillion to 2.1 Trillion(depends on interest rates), so the 200 Billion is essentially just chump change.

Fri, 12/28/2012 - 15:54 | 3102598 DosZap
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