Santelli To Congress: Ignore The Market, Focus On Your Country

Tyler Durden's picture


CNBC's Rick Santelli nails it once again by cutting through the idiocy and spin that is almost the entire mainstream media's view of the 'fiscal cliff' resolution. His point, among many he makes in this brief but compelling clip, is that the massive amounts of arm-twisting of the House Republicans not to add any Amendments was not about the 'economic turmoil' it might cause (as so many press wanted to report) but that "it would have riled up the stock market." The shouting Chicagoan explicitly states: "the Country, and Congress in particular, ...should never again use the stock market as their main barometer when addressing what's wrong with the country". Santelli drives his point home with examples from previous equity market downturns as he makes the critical point that it took 20 years to catch Madoff's ponzi scheme and he wonders how long we will remain dumbstruck by the Fed's printing presses, FASB, et al. into believing everything is good because stocks are going up. "Take a look at yourself in the mirror," he admonishes, but watch this 3-minute clip first for enlightenment!


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Wed, 01/09/2013 - 17:12 | 3138219 Tango in the Blight
Tango in the Blight's picture

I wouldn't mind fucking her. :P

Wed, 01/09/2013 - 20:31 | 3139032 smlbizman
smlbizman's picture

i didnt say i wouldnt punish her....

Wed, 01/09/2013 - 14:05 | 3137105 AndrewJackson
AndrewJackson's picture

Cmon Rick, don't you know the Economy = the Stock Market. Surely you remember that the value of stocks is a function of the discounted cashflows expected from the comapanies. An increase in stocks, equates to stronger future cashflows and a better economy. Ok, never mind, get trilliondollar bonus in here, this is not my game. lol

Wed, 01/09/2013 - 14:05 | 3137106 Cursive
Cursive's picture

Santelli is right, as usual, but being wrong/selfish/all-around-evil is the Zeitgeist crica 2013.

Wed, 01/09/2013 - 14:06 | 3137111's picture

Barry The Unicorn whisperer pushed all his chips on the table. Not smart sparky.

Wed, 01/09/2013 - 14:18 | 3137142 Bastiat
Bastiat's picture


Check out Matt Drudge's headline illustration of the story!  Worthy of our own GW.


Wed, 01/09/2013 - 14:31 | 3137234 djsmps
djsmps's picture

Vice President Joe Biden revealed that President Barack Obama might use an executive order to deal with guns. 

Biden said "As the president said, if you're actions result in only saving one life, they're worth taking. But I'm convinced we can affect the well-being of millions of americans and take thousands of people out of harm's way if we act responsibly." Eric Holder was scheduled to be at the meeting that's currently take place at the White House. 


Holder knows a little about gun sales and deaths. It looks like they are getting ready to act fast and furiously.

Wed, 01/09/2013 - 14:50 | 3137346 Bastiat
Bastiat's picture


Following right in the footsteps of Stalin and Hitler.  If he does it, the question is what happens next?  Will all hell break loose?  Or will it be quiet non-compliant defiance? Or both?

Wed, 01/09/2013 - 16:01 | 3137810 Buzz Hacksaw
Buzz Hacksaw's picture

Biden is right, it is a moral issue. If they're successful in taking the guns then only those without morals will have them. I'm speaking of the criminals, the military and the government. That scares the crap out of me.

Wed, 01/09/2013 - 14:08 | 3137122 mayhem_korner
mayhem_korner's picture



Congress doesn't know what a "riled up stock market" looks like...yet.

That's all it really takes, pressure...and time.  (Red, The Shawshank Redemption)

Wed, 01/09/2013 - 14:35 | 3137258 NoDebt
NoDebt's picture

"That and a big damned poster."  (courtesy of Main Stream Media)

Wed, 01/09/2013 - 14:08 | 3137124 Rustysilver
Rustysilver's picture

In other good news from Morgan Stanley: "The layoffs will affect traders, investment bankers and support staff as the securities firm eliminates 6% of the positions within the unit, with an emphasis on more senior employees, according to this person."

Wed, 01/09/2013 - 14:09 | 3137128 Inthemix96
Inthemix96's picture

Arrest congress, and arrest the British parliament at the same time.  Give the whole lot of the thieving cunts a fair trial on Prime-Time and then hang them on all major outlets of MSM.  Then round up the lobbyists in both countries along with the MSM and give them an equally fair trial and set up a network media station called ZH News, and watch them fuckers swing as well.

Job done, and just to finish the job, all dual wielding passport holders from the chosen land either forfeit the second passport or swing with the other fuckers.

And never let the fuckers back in the respective countries, never mind near a position of power.

This should solve a good deal of problems in my opinion and let Isreal fight any fucker it likes, but not with big brother Sam punching for it.  Vote 96 if you want a fairer more decent place.  But nick clegg is mine if you give me your vote, I would do time for this piece of shit. 

Wed, 01/09/2013 - 21:03 | 3139154 toomanyfakecons...
toomanyfakeconservatives's picture

Arresting Congress and prime time trials are coming...

Wed, 01/09/2013 - 14:11 | 3137135 SuperDeDuper
SuperDeDuper's picture

Please, everyone in con-gress.  Focus on your Cunt-tree.

Wed, 01/09/2013 - 14:11 | 3137138 thesecondslowes...
thesecondslowestantelope's picture

They could use the stock market priced in gold as a barometer, but the stock market priced in nominal printing press run amok dollars is just ignorance.   Isnt the zimbabwe stock market at an all time high?  The mexican market went up 25 fold in nominal dollars in 3 years as the economy imploded during the 1980s.

Wed, 01/09/2013 - 14:15 | 3137151 thesecondslowes...
thesecondslowestantelope's picture

By the arent far from the 08 lows when priced in gold....

Thu, 01/10/2013 - 02:08 | 3139915 AynRandFan
AynRandFan's picture

Chart of S&P500 priced in gold from 1886 to present:

Wed, 01/09/2013 - 14:12 | 3137141 Bob
Bob's picture

Mr. Market needs to be taken out back and put down.

But this problem seems to be an inevitable development in financial capitalism. 

Fair or not. 

Wed, 01/09/2013 - 14:13 | 3137147 ebworthen
ebworthen's picture

Nice sentiments Rick, but Congress is in the pockets of the bankers and Wall Street.

CONgress only thinks about constituents at a press conference or election time.

Wed, 01/09/2013 - 14:18 | 3137161 Mad Mohel
Mad Mohel's picture

This guy must be wanting a pink slip or maybe a vacation from breathing if he keeps it up.

Wed, 01/09/2013 - 14:22 | 3137170 Sweet Pea
Sweet Pea's picture

*sigh* the only man I ever really loved...such confidence, such vitality. He's got that Smilin' Bob thing going on.

Wed, 01/09/2013 - 14:25 | 3137186 SheepDog-One
SheepDog-One's picture

One Nation, Under Our God.....Stawks Market!

Wed, 01/09/2013 - 14:25 | 3137189 Hook Line and S...
Hook Line and Sphincter's picture

Notice how a little bit of truth subdues real reaction?

Vicariously satisfying.

Santelli will never be fired. He's exercising his directive, whether he knows it or not, quite well.

Wed, 01/09/2013 - 14:26 | 3137194 azzhatter
azzhatter's picture

I have written a couple hundred letters to congressman over the past 2 years. I never get anything but a canned form letter back from them on how hard they are working for us, overtime and weekends to ensure the stability of the nation. The only real change will come from revolution but 95% of america is clueless. Congress has played this masterfully, providing bread and circus to the masses to placate them and lull them into a shearing. I don't know who will lead the revolution but it is sorely needed. And it will not peaceful

Wed, 01/09/2013 - 15:58 | 3137796 smlbizman
smlbizman's picture

judge napolitano said that in 1776 only a third set that thing we dont everyone...

Wed, 01/09/2013 - 14:27 | 3137197 q99x2
q99x2's picture

Banksters and DC must be reaching CNBC's employee income brackets.

Wed, 01/09/2013 - 14:31 | 3137210 SheepDog-One
SheepDog-One's picture

Hey Rick next time you call out congress, hit REALLY hard on their LEGALIZED INSIDER TRADING!

Wed, 01/09/2013 - 14:39 | 3137281 Hook Line and S...
Hook Line and Sphincter's picture

Kind of like a dog barking at a car as it drives by.

Wed, 01/09/2013 - 15:05 | 3137450 Peterus
Peterus's picture

This is nonsense, bait to get people in to casino and make them think when they pull the arm on bandit they are actually working and not gambling.

Who should trade stocks? People that know a thing or two about these companies or ignorant citizen only using public knowledge? Admitting that - yes, obviously - people will have "insider" knowledge would probably mean less money in stocks and maybe some harsher constraints on trading methods - but what is wrong with that?

Retired civilian ship officer in Amsterdam who bought stocks of trading company he knew, or another where he knew the captian that was just hired as very dilligant man - was he guilty of insider trading? His better information gave him an opprotunity to better prediction of the right price for the company. Obviously his neighboar that knew nothing about shipping at that time, only read some newspapers, had no clue what to buy. At least he was not baited into stocks, just sticked to retaining his money that would be gradually but slowly rising in value from natural deflation.

Wed, 01/09/2013 - 14:49 | 3137337 tooriskytoinvest
tooriskytoinvest's picture

Greg Hunter: Central Banks Are Flooding The World With Fiat Currency While Purchasing Gold And Silver In Record Numbers. People Are Going to Suffer on A Biblical Scale.

Wed, 01/09/2013 - 15:11 | 3137477 Seasmoke
Seasmoke's picture

Hey Rick, that was the worst chart i have ever seen !

Wed, 01/09/2013 - 15:20 | 3137527 rsnoble
rsnoble's picture

Not a fucking thing has improved since the 08 crash and in fact have got worse.  Tensions are mounting big time. Enter gun control.  

Wed, 01/09/2013 - 15:30 | 3137607 The worst trader
The worst trader's picture

They can't ignore the market, all their money is in it! Don't you remember when big O said it's a good time to invest in the market?

Wed, 01/09/2013 - 16:11 | 3137860 Shizzmoney
Shizzmoney's picture

"the Country, and Congress in particular, ...should never again use the stock market as their main barometer when addressing what's wrong with the country"

Maria: "Awesome insight and Thanks, Rick.  Now lets go to Steve Liesman with an update on Boeing's Q4 earnings report!

Wed, 01/09/2013 - 16:13 | 3137871 catch edge ghost
catch edge ghost's picture

Hunh.. CNBC still exists.  How 'bout that.

Wed, 01/09/2013 - 16:56 | 3138139 matrix2012
matrix2012's picture

may somebody pls tell me how (or where) to download a copy of this video? better again a HQ version,  just to secure one while it lasts...

Santelli really rocks here :-)

Wed, 01/09/2013 - 19:07 | 3138750 TrustWho
TrustWho's picture

God bless Rick Santelli! He speaks for most good Americans. (Note: Define good anyway you want)

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