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Obama 'Balanced'; Market 'Unbalanced'
He came; he spoke; he said 'balanced' a lot. The market decided it's not so 'balanced' and is responding thus...
S&P 500 futures ramped on the hope in the first few words and then slipped back as he went on and on in a 'balanced' way...
Chart: Bloomberg
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US Economy Is At Depression-Era Levels: This Slow Motion Economic Collapse...Beyond The Obvious -- Mountains Of Deficit And Debt. It Is About Polarization" In Washington And Dysfunctional Structure Of The Current US Economy... US GDP Priced In Gold Worst In A Century. Stop The Debt, Spending, & Wars!!!
http://investmentwatchblog.com/us-economy-is-at-depression-era-levels-this-slow-motion-economic-collapse-beyond-the-obvious-mountains-of-deficit-and-debt-it-is-about-polarization-in-washington-and-dysfunctional-structure-o/
What Obama doesn't know is that the power elite is determined to make an example of him. His reign will be over the Greatest Depression ever.. He thinks he has all the cards but he does not; he will be the only and last black president this country will ever know. The secret is the Republican really wants to go over the cliff. When the rich gets soaked , the poor blacks and hispanics end up in the street. They outsmarted Obama- always have and always will.
Complete hopelessness comes in less than 10 hours. Thank you God.
There is little doubt that we are way over the top on spending and borrowing with the little guy getting foodstamps and cellphones.
http://confoundedinterest.wordpress.com/2012/12/31/lets-make-a-deal-rais...
And markets move higher and higher crashing VIX - is that invisbible hand of chairsatan Beernank?
We're in a depression.
But this isn't the first time.
And it won't be the last.
Got to keep things in perspective.
We'll survive.
http://www.angrysinner.blogspot.kr/2012/12/yesterday-i-hiked-ten-miles.html
Todja he secretly watches Fox News.
And the Tylers forgot to label the red arrow "change."
Obamney Translator Just Produced This Translation:
is this all scripted? (this = the f____ c____ words i just cant say or type anymore)
"Does this mean those meany Repubs can't take my Obama phone. Time to hit the New Year's Eve 40 oz."
KromyKomradeDerKommissar has rationed lager, ale and pilsner, and is substituting malt liquor in 40 ounce bottles, for sales completed with EBT Swipes.
This is part and parcel of Chain CPI and Hedonic Quality Adjustment.
i think i will leave my shorts fully in place. look out below. dow 12,250 by friday
The levitation only has to happen through 4 pm EST. We're looking at a pretty solid dump from Jan. 2nd - Jan. 21st.
Which market are you looking at?
The one that went down and is now going up again...
DavidC
looked to me like an effort at taking advantage of gathering all eyes just before everyone leaves the office early for the holiday... and no deal
.
But, but, he said a potential deal appears to be in sight. Why aren't the markets reassured by that? It sounds like it's almost a sure thing, unless the punchbowls in Vichy DC have been spiked with Psilocybe cubensis.
OK, off to the new years party. Push all this off till a #supercliff in March, and a #supercalifragilisticexpialidousioscliff in July.
+1 for "Vichy DC", I'm stealin' it!
Fuck, MErry Recession and Happy NEw Misery. See you wrecked at the bottom of the cliff, all barefoot and bloody, mein Kumpels. ZH town--built by Clayton, with Third World hands.
dupe, sorry
You didn't write that post by yourself.
I loved that blooper of his. Something about shoving it down their..........oops.
He meant "up."
Consult Larry Craig for details.
Lazy foot Larry!
/fomer Idahoian
That chart looks like a nerd's boner on prom night.
Fuck it! Ram the RUT!!! Ram the SPX!!!
RAM THAT SHIT!!!
I love your wildly bullish enthusiasm! It's depressing seeing so many bears on here. Good to see a good guy willing to put up with all of them!
FUCK YEA! The fate of the entire Republic and my son's personal future ride on the valuations and multiple on common equity!!!
It just makes sense! Now RAM THAT SHIT!! RAM IT!!!
The House Tea Party repubs should tell Mullah and Hairy Read to go F themselves. Cut everything 10%. Then when the debt ceiling comes up in a few weeks - cut everything 10% again. They need all out war against the islamic. F him.
Yes, it's the spending. But, I have little confidence that the Tea Party Republicans are up to the task of holding ALL of their feet to the fire.
***
I agree as well re the debt ceiling. That would be a great opportunity to gum-up .gov! Cut, cut, cut!
If they cut spending enough...
1) They might LOWER taxes
2) We would have fewer "programs"
3) Less NASA aid to our Muslim country pals... (N Korea is Muslim, right?)
4) Too many other things to even list
What's not to like?
Hairy Greid is the most despicable human being ever to stain the halls of congress, may he soon go the way of number two Arlen Spector.
I don't know? Barney comes in a close second.
They've been stymied so far by the inability to find anyone that actually knows how to pass a bill.
LOL! The market is reacting to the expectation that the can will be kicked down the road ... yet again.
Fiscal cliff replaced by fiscal insanity!
http://confoundedinterest.wordpress.com/2012/12/31/lets-make-a-deal-rais...
Fiscal Cliffs of Insantity! (from Princess Bride)
I need to change my screen name...
"A deal is NEAR."
You keep using that word, I do not think it means what you think it means...
Sorry DJIA and NASDAQ;
NO 13k/3k FOR YOU!!!
[The Grinch came late this year...]
This is still a fairly stiff smack at 2013 GDP. The Payroll Tax rate is going up 120B across the entire year.
The Sequester will be another 100B+ across the year, and what's amusing is he wants to say "that has to be balanced with revs" when that deal was already defined in Aug 2011. He got his price for that already -- the payroll tax cut (not rising). He's trying to get paid twice for the Sequester. Not going to happen.
In sum it looks like 1.5-2% reduction in GDP for 2013.
Then come March, the Boehner insistence on $1 of baseline spending cut for every $1 of debt ceiling increase again comes into play. The MSM isn't understanding all this, but the GOP is winning. Spending cuts ARE happening. That is what the Sequester is. The tax increase on the rich is only a few hundred billion. The spending cuts are trillions.
I think the 120B payroll tax going up will have a "multiples" effect on GDP. That's 120B taken directly out of consumption spending. Consider the implications of leverage on that 120B. I think the knock-on damage is probably closer to 600B from that tax hike. Recession guaranteed just from that point alone.
It was wonderful he had all those "folks" behind him laughing and clapping. Next time maybe we can watch in 3D and sense-around. Then he can add the Academy award for acting to go with the Nobel.
Seriously! What was that crowd he was speaking to, the Press Corps? I didn't expect to hear hootin' & hollerin', raucus laughter and clapping, let alone invitations to New Years Eve parties...
They were obviously his wife's servants
....... whoops, excuse me, I meant staff
..... but then again it is possible they were orcs or goblins
I'd be hard pressed to find a difference.....
AU 2K!
Never underestimate the replacement power of equities within an inflationary spiral. Short U.S. fiat by buying ANYTHING "tangible" because the currency of the world's largest debtor nation is going to get trashed. Short cash; short bonds; short the banks. Buy gold stocks, oil stocks and depressed junior mining issues for the torque. And turn off CNBC.
Xtra, turn off your bold italics. Your comments are not one bit more interesting or insightful than any other.
Neither are yours.
SILVER IS ONLY UP *FIVE HUNDRED EIGHTY FOUR PERCENT* SINCE 2002. just sayin.................................................what the fuck is in YOUR possession?
I didn't start buying silver until 2003 :(
His balance is balancingly balanced. I also enjoyed biological props and sycophantic audience of adoring fans. He has mastered the art of reality TV in his own balanced way.
I think the prez may have just blown the deal.
I doubt the House teapartiers are going to vote for any agreement knowing the spending cuts are going to be tied to MORE tax hikes / revenue enhancements in the new year.
Looks like a major mistake to me.
I think we are making the dive -- the hard way now.
You are correct sir. More circle jerkling to come!
busted - Well said. Barry knows that he HAS to create a class warfare with his policies. If not, then his Alinsky plan falls down.
That is why he stuck his finger in the eye of REPS. Motivate his base (takers), forget about leading from a Presidential standpoint.
FORWARD ! bitchez....
Anyone catch the fat fucker in blue behind the "O"?
More fucking chins than a chinese phone book
Yea and she looked smug as hell too...I guess ObaMao didn't snatch the twinkie out of her hand and warn about 'obesity'? Huh....guess thats all just BS too.
I turned on the tv and started watching Obama speak and then blacked out. When I regained consciousness he was already gone. I wonder what thoughts he implanted in my brain while I was in the coma.
"I wonder what thoughts he implanted in my brain while I was in the coma. "
Unclean ones.
"Brain implants" uhhhh, yeah. Tell me now, is your cornhole sore and your wallet empty?
OK so now it's time to build up hope for the next speech!
i dont understand his speech....he says he is saving middle class from tax cuts on only the 'millionaires' , but then goes on and says we will need much more revenue in other deals......WHERE FROM ?????
Pennies ..... from heaven.
So it sounds like the payroll tax cut is expiring and the Bush tax cuts will be extended. How exactly is that bullish?
When your income doesn't come from a payroll.
This is WAY better than the Chutes'N'Ladders game I got for Xmas!
There's a new version of that game coming out tomorrow. Bend over America.
Party on you fuckin slaves! Where my Hypnotiq? Gots ta get my Fuq on! It New Yeerz Eve yo! Balance dat shit! I gon' be imbalanced by midnite!
/> I feel like everyone around me is getting dumber. I feel like I am just surrounded by stupid in America. The dumbing is working. Long Bitch Slapz.
Probably from the Chemtrails. I have a friend who has rode a Harley for many years. He's not able to convey anything in a cogent manner any more.
You're the source!
You mean he didn't fill the speech with "I" or "Me"?
The fact it is now being negotiated amongst senators in my opinion shows there isn't a single goddamn bill that's going to pass the house. The senate is going to reach a deal and when it doesn't pass the house, place the blame firmly on Boehner, the tea party, et al. Thus they have a scapegoat for all the misery that's about to follow. The tea partyers have made it clear there will be no compromise from them.
I feel better after that. I watched the whole thing through the bottom of a shot glass.
I think people are missing the point.
They obscure the top rate with "families making over $250k".
That my friends means JOINT TAX RETURN.
Individuals making over $125k are gonna get SCREWED.
Newest rumor is $450k individual, $450k filing jointly.
Rush is on to divorce court.
Who here could have said it better than this?
"President Obama announces the bullshit is in sight, but the bullshitters are still bullshitting in the bullshit room. However a bullshit deal should be reached soon."
-Opinionated Democrat
Just got to get through today and tomorrow....they haven't got jack shit and want to go over the cliff.
He spoke ..... BFD. Remember, Freedom means NEVER having to listen to anything Chalky Soetero ever says.
Chalky.
+100
But the Chalky character actually has some values and a code, unlike Khardashian.
We're 'balanced' firmly in a depression....gee thats swell.
This is sickening, the hopium pump of equities day after day on worsening fiscal situation. Somehow bad news is always priced in.
When will people realize that there is *No* deal on the table, there is only guaranteed pain through higher taxes and runaway inflation.
the number is meaningless. piss poor volume for the last two years and this time of year it is even worse
b-b-b-b-b-but we can't go over the cliff!!!!!
Must...keep...printing...money...
We did it. Dow 13,000. Happy New Year.
http://www.washingtonpost.com/blogs/post-politics/wp/tag/fiscal-cliff/
And market keeps moving higher crashing the VIX. Is this invisible hand of chairsatan?
DOW 13,000...
PHEW...that's great. I thought we had a fucking problem.
Now, let's break out the noise makers and party favors and ring in the wonderful new year!!!
So.... I did not understand the purpose of the speech.
Oh, wait, it was a campaign speech!
Now I get it.
Tools.
Television - off. Critical thinking skills - on. The big talking screen is our Soma. I don't want to watch anymore of this. It's making me stupid and filling me with rage. This is all a farce. There is no cliff. There is no debt. There is no Easter Bunny. Jury's still out on Santa.
Happy New Year ZH.