Blast From The Past - 6 Years Ago Today...

Submitted by Tyler Durden on 02/08/2013 21:12 -0400

Six years ago today, with the S&P 500 around 1460 - having risen 20% without a correction for seven months - a handful of Wall Street's best and brightest joined CNBC's Larry Kudlow and Bob Pisani to discuss the Goldilocks economy, why the bears are wrong, and where the market is going next. Sometimes, we just need a reminder to snap us out of that recency bias... for example, Bob Pisani: "We have got a global rally going on... and the important thing is... there's a floor to the market - every time, for the last seven months, they sell the market down for 2 days, it comes right back."

Ralph Acampora: "I'm bullish, but I don't think I am bullish enough...there's new leadership"

Larry Kudlow: "Goldilocks kicks some more butt and the bears of the last four years are wrong... as they climb the 'wall of worry'"

Bob Pisani: "Transports have been rallying - as the disaster that the bears keep talking about hasn't happened... When you are in a global expansion like this, to sell...is foolish."

and our favorite:

Bob Pisani: "People who keep talking about this real estate bubble don't understand... there are 3 things that bring down real estate markets: 1) the economy falls apart, 2) liquidity is withdrawn, and 3) supply overwhelming market - NONE of that has happened."

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Fri, 02/08/2013 - 19:50 | 3227588 IridiumRebel

Bunch a fuckers....we will be well below 10K Dow very soon....stay frosty.

Fri, 02/08/2013 - 19:59 | 3227620 insanelysane

This time is different!

Fri, 02/08/2013 - 20:06 | 3227640 IridiumRebel

DOW 2013: This time its rigged!

Starring........

Timothy Gheitner as "The Manipulator"

Barack Obama as "The Trutth Twister"

Larry Kudlow as "The Retail Inestor Pump Artist"

and Joe Biden as "The Village Idiot"

In a world of bullshit and total disinfo, these guys are the professionls! Prepare to be grifted by the best in the biz!

Directed by Ben Bernanke

Fri, 02/08/2013 - 20:26 | 3227682 nope-1004

Mr. Pink Shirt himself Pisani has a wife that flogs houses for a living. Of course he was bullish on real estate..... she told him the NRA said so. That's the realtor mentality, if the sales channel (that relies on commissions) says it's good, then it must be good. Historical charts, credit analysis, or home ownership percentages mean nothing when you're a commissioned open-houser.

And people like Bob that talk too much are rarely correct.

Fri, 02/08/2013 - 20:26 | 3227690 Tippoo Sultan

Was not Pisani's father a notable in New Jersey real estate ? A developer or some such thing ?

Fri, 02/08/2013 - 20:52 | 3227767 Say What Again

With any luck, the snow storm will make it impossible for these idiots to make it to work next Monday.

Fri, 02/08/2013 - 22:47 | 3228034 willwork4food

With any luck the snow storm will bury a few of these idiots so they can't come to work next Monday.

Also fun to see an old tape of Gold @ 668 & Silver $13.-only six years ago?!!

Fri, 02/08/2013 - 23:07 | 3228072 fuu

Whores on parade.

Fri, 02/08/2013 - 23:29 | 3228117 Richard Chesler

So don't worry about tomorrow Take it today Forget about the cheque We'll get hell to pay Have a piss on me Have a piss on me Yeah Have a piss on me Have a piss on me On me

Sat, 02/09/2013 - 00:29 | 3228201 willwork4food

Wait, are you buying the beer or are do you really get off having someone piss on you? I'm confused.

Sat, 02/09/2013 - 01:25 | 3228254 Spirit Of Truth

Dow 14K:

http://thespiritoftruth.blogspot.com/2013/02/dow-14000-world-war-three.h...

Sat, 02/09/2013 - 02:03 | 3228276 markmotive

Individual investors are 2 steps behind from the very beginning. The whole system is set up to skim the lifelong savings of the hardworking American.

Here's why your world class mutual fund manager didn't see the 2008 crisis coming:

http://www.planbeconomics.com/2009/08/04/your-world-class-mutual-fund-co...

Sat, 02/09/2013 - 02:32 | 3228277 markmotive

Sat, 02/09/2013 - 11:52 | 3228646 derek_vineyard

lay off pisani.....he was brutalized in high school

Sat, 02/09/2013 - 15:10 | 3228997 Fredo Corleone

So, he was the kid who got pantsed in gym ?

Sat, 02/09/2013 - 00:44 | 3228214 RockyRacoon

I noticed the gold at $668. That's where my eyes wander on any given day. That's all I need to know.

Sat, 02/09/2013 - 09:16 | 3228477 azzhatter

Apple at $87

Sat, 02/09/2013 - 09:18 | 3228479 Go Tribe

Damn, if only I were stacking back then.

Sat, 02/09/2013 - 10:12 | 3228541 BandGap

I started at silver being $14-15 an ounce. Cashed some out recently at $31, just to see how easy it was.

It was easy. Think about how many "Cash for Gold" places there were 7 years ago.........is the fact that these have sprung up all over the place a sign, as well?

Fri, 02/08/2013 - 20:59 | 3227781 kaa1016

I almost broke my fucking TV listening to that asshole yesterday after he mentioned for the 10th time, while hyperventilating about Boise Cascade's IPO, that he carried plywood while building houses with his father. I almost lost it...

Fri, 02/08/2013 - 21:55 | 3227917 ToNYC

oriented strand board is what he carried. we call it oatmeal board and use real plywood. like the ETF of wood product, he gotta love it.

Sat, 02/09/2013 - 16:30 | 3229166 ToNYC

He survived by marrying a Realtor I seem to remember him declaring....before he succeeded as a Parrotor.

Sun, 02/10/2013 - 11:25 | 3230431 kwality

Yes, I believe they belong to the Italian Businessmen's Association in New Jersey. Named Horse Head Realty, IIRC.

This is the kind of guy about whom they wrote that episode of the Sopranos where Christufuh gets some mook to take the Series 7 exam for him so he can run the investment fund branch of the game.

Fri, 02/08/2013 - 21:35 | 3227866 FoeHammer

+1, IridiumRebel

Shit made me laugh

Fri, 02/08/2013 - 22:48 | 3228036 IridiumRebel

it is humor that keeps me put together as we weather this shitstorm together. Thx!

Sat, 02/09/2013 - 00:52 | 3228222 Problem Is

Nice work... An All Star cast of useful idiots and morons...

Shitstorm?
The current situation is a shiticane at best but most likely a financial shitnami of fiat proportions....

Sat, 02/09/2013 - 11:13 | 3228607 IridiumRebel

shitcane™and shitnami™ Property of "Problem Is"

Sat, 02/09/2013 - 22:20 | 3229735 Rattling Bones

Nancy Pelosi as "The Eye Candy"

Fri, 02/08/2013 - 21:34 | 3227860 ToNYC

Time has everything to do with it. Pisani is a surfer and the window is totally rad every 11 seconds the way he sees it. Kowabonga!

Fri, 02/08/2013 - 20:02 | 3227631 bobthehorse

I'm quite bullish.

I see DOW 30,000.

Buy, buy, buy.

Get me a hot dog, you motherfuckers.

http://www.angrysinner.blogspot.kr/2013/02/saturday.html

Fri, 02/08/2013 - 20:07 | 3227650 IridiumRebel

I got a footlong for you and your blog Bob the Blog Whore.....

Fri, 02/08/2013 - 20:25 | 3227684 economics9698

30,000, inflation adjusted 7,000.

Sat, 02/09/2013 - 03:55 | 3228326 GlobalCtzn

Exactly!!!!!!!!

Fri, 02/08/2013 - 23:49 | 3228156 kliguy38

I'll see your POS blog and raise you to a true believer go back to your blow and hookers

http://kliguy38depression2news.blogspot.com/

Fri, 02/08/2013 - 21:12 | 3227808 DCFusor

And why was some of what they said "clickily" edited out?

Fri, 02/08/2013 - 23:20 | 3228103 Matt

240p. Did Youtube have 480p back then? It's amazing how crappy the sound and video were back then, at least online.

Fri, 02/08/2013 - 22:02 | 3227939 Eireann go Brach

I hope a crazed lunatic enters the CNBC studios on Monday morning and takes a bat to each one of these fuckers on live TV!

Sat, 02/09/2013 - 09:20 | 3228481 Go Tribe

He'll be a gold bull and they'll spend the rest of the week talking the metals markets down.

Fri, 02/08/2013 - 22:40 | 3228018 Buck Johnson

I know, and when it happens what will we do? I mean the only thing left is blatan printing money (like we are doing now) but in public and then even the finance people can't say this is good.

Sat, 02/09/2013 - 09:03 | 3228462 Silveramada

...the circus never leave this town: Enjoy the clowns folks!

Sat, 02/09/2013 - 15:33 | 3229041 long-shorty

as a huge fan of Bill O'Brien, I resent your misappropriation of the phrase "Bunch of Fuckers" or any variant thereof. These guys aren't a Bunch of Fuckers, they're just assholes.

Fri, 02/08/2013 - 19:50 | 3227589 Say What Again

Thank you.

This is an excellent way to end the week.

Now I can start drinking

Fri, 02/08/2013 - 20:00 | 3227623 nightshiftsucks

Especially if you live in Ca.

Fri, 02/08/2013 - 20:22 | 3227680 ersatzteil

Oh , so you're playing the LAPD Big Bear Manhunt Drinking Game, too?

Fri, 02/08/2013 - 21:38 | 3227879 FoeHammer

Pigs are terrible shots, you guys got this.

Sat, 02/09/2013 - 06:55 | 3228386 redpill

Except when they are shooting the wrong person, then suddenly they are excellent marksmen. WTF.

Sun, 02/10/2013 - 01:18 | 3229993 Mesquite

Or shooting the back end of trucks, before checking to see who might be driving it..!!

Sat, 02/09/2013 - 05:57 | 3228367 Rick64

These types of videos should be posted weekly . There are plenty , Bernanke saying the housing market wasn't going to collapse, Paulson saying the market fundamentals were sound, Cramer saying Bear Stearns was fine, ect... The list is almost endless.

Fri, 02/08/2013 - 19:51 | 3227593 VonManstein

Agreed. 1 or 2 months or so from the top.

Sideways/up frustration first

Fri, 02/08/2013 - 19:52 | 3227596 Kilgore Trout

Larry Kudlow wouldn't know a free market if it slapped him upside his dick-shaped fascist head.

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