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Blast From The Past - 6 Years Ago Today...
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 there are 3 things that bring down real estate markets: 1) the economy falls apart, 2) liquidity is withdrawn, and 3) supply overwhelming market - NONE of that has happened."
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Bunch a fuckers....we will be well below 10K Dow very soon....stay frosty.
This time is different!
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
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.
Was not Pisani's father a notable in New Jersey real estate ? A developer or some such thing ?
With any luck, the snow storm will make it impossible for these idiots to make it to work next Monday.
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?!!
Whores on parade.
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 meWait, are you buying the beer or are do you really get off having someone piss on you? I'm confused.
Dow 14K:
http://thespiritoftruth.blogspot.com/2013/02/dow-14000-world-war-three.h...
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...
.
lay off pisani.....he was brutalized in high school
So, he was the kid who got pantsed in gym ?
I noticed the gold at $668. That's where my eyes wander on any given day. That's all I need to know.
Apple at $87
Damn, if only I were stacking back then.
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?
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...
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.
He survived by marrying a Realtor I seem to remember him declaring....before he succeeded as a Parrotor.
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.
+1, IridiumRebel
Shit made me laugh
it is humor that keeps me put together as we weather this shitstorm together. Thx!
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....
shitcane™and shitnami™ Property of "Problem Is"
ALL RIGHTS RESERVED 2013
Nancy Pelosi as "The Eye Candy"
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!
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
I got a footlong for you and your blog Bob the Blog Whore.....
30,000, inflation adjusted 7,000.
Exactly!!!!!!!!
I'll see your POS blog and raise you to a true believer go back to your blow and hookers
http://kliguy38depression2news.blogspot.com/
And why was some of what they said "clickily" edited out?
240p. Did Youtube have 480p back then? It's amazing how crappy the sound and video were back then, at least online.
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!
He'll be a gold bull and they'll spend the rest of the week talking the metals markets down.
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.
...the circus never leave this town: Enjoy the clowns folks!
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.
Thank you.
This is an excellent way to end the week.
Now I can start drinking
Especially if you live in Ca.
Oh , so you're playing the LAPD Big Bear Manhunt Drinking Game, too?
Pigs are terrible shots, you guys got this.
Except when they are shooting the wrong person, then suddenly they are excellent marksmen. WTF.
Or shooting the back end of trucks, before checking to see who might be driving it..!!
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.
Agreed. 1 or 2 months or so from the top.
Sideways/up frustration first
Larry Kudlow wouldn't know a free market if it slapped him upside his dick-shaped fascist head.
"free market capitalism is the best way to prosperity", but it was abolished in 2008 and never came back.
It was actually abolished in 1913.
Thanks for the big picture.
Closer but it was somewhere between 237-86 BC or never existed.
Very true.
Krudlow lost people a ton of dough with his goldilocks bullshit in 2007, too bad the coke he was snorting in the Bear Stearns bathroom didn't cause a massive coronary...
They're laughing at guys like Schiff again too, timely indeed perhaps...
I've been noticing that too. Schiff's current predictions make his 2007 predicitions look like a tip-toe through the tulips...
Schiff started his rant too early, in 2009. The timing on the bubbles is 3-6.6 years. He should have started his rant about 2011.
I will say this, the Fed has been HARD on that mother fucking accelerator for three years now, this bitch is going to be epic. Fucking reminds me of John Law himself from 1717 to the epic 1720 crash.
Anyone notice the M-2 velocity down 2.1% (8.4% annual rate) last quarter. That means them bitches are creating a lot of money and the ones getting it are parking it or rehypothecation the parked money hoping for a miracle.
This mother fucker will be epic.
Love me some Schiff with dramatic music.
http://www.youtube.com/watch?v=0yktM4iCz3g
Hell Yah Fonz
Agreed. Bid/offer is only stacked about 5 deep these days. When the SHTF, this cocksucker goes bidless and the algos will fist fuck themselves to death trying to cover long's and reverse positions, exacerbating the crash.
The fallout will be even more epic as the SEC decides what trades stand and what trades get busted (after consulting JPM, GS, etc... of course).
Bankers will win - retail will get fleeced.
Just as planned.
85 bil a month with a side of nowhere else to put your money = constant bid.
That is the difference. The fed is in balls deep. Every dip gets bought almost immediately.
It won't end well. But it will end differently than last time. They suspended the debt ceiling. They are in the process of suspending any spending cuts. QE will quietly become permanent. It's inflation nation. The only question is how long the frog boils until he is cooked.
Definitely inflation nation. I want to blow a gasket every time these fuckheads say there's "no inflation".
Then I want to blow an even bigger gasket when I see the price of gold and silver going fucking nowhere.
This has to end at some point right? Somethings gotta give right? Just hope it's not my metals.
Allworked up I have no idea. I know that people need to believe there has to be an endpoint. Something has to give. It's ironic that I would consider you optomistic for believing that.
I look around and see all the awful shit that happens everyday and I have resigned myself into thinking I am deluded to not consider the possibility that this goes on so long that so many people get sucked into the turbine of this jumbo fucking jet of a mess, I am crazy to think I will definitely avoid it.
I don't worry about metals or stawks or much else anymore. I worry about taking care of my family. I am in this business and I gave up retirement planning long ago. It's survival now. Attrition. Dig in, mentally and physically. Good luck.
When all that money finds its final resting place, it is fireworks time.
What a fucking hoot!
I enjoyed watching the ticker -
FSLR-39, MSFT-29, INTC-21(spooky), etc
AG at the time, ~9.5, AU 675
Stack 'em boyz 'n girls
and AAPL at 84.7O, up from under $6 in 2004
Rainbows and unicorns as far as the eyes can see, buy, buy, buy, bitchez, this mother fucker is going to the moon....
CNBC's job is to sell this shit to you all fuckin day. ALL DAY!. Up market? You gotta get in! Flat Market? You better get in! Down market? Never been a better time to get in!
Where is the moon these days?
I have no idea but can I interest you in some consumer cyclicals?
- broken record
Moon Phases - 2013
I still can't my head around this.
https://www.youtube.com/watch?v=5YXhnQcoyOw
Pisani is, and always has been, a real estate whore. I remember his constant spin on any real estate numbers even as the writing was on the wall. I grew to despise the man because I was betting against the homebuilders at the time and he would always put a positive spin on everything. With the high short interest in many of the names his ramblings would usually cause small rallies.
I wish it was 2007 again.
I wish this shit would implodemeltexplodecrash.............
LOL, soon to be repeated at a talking head show near you, over and over again, new world, new rules, what could go wrong? if anything does the FED will fix it faster than you can say 'we are living in a fantasy world' Asset values soon back to 2007 levels, buy, buy buy, life is good, pump your dollars into the market, no point in keeping them anywhere else, yield baby! thats all that counts, we are all going to be Billionaires.
So you can have another chance to miss a move?
I wish it was 1997 again. And had a clue of what was going to happen back then.
Bunga Bunga Bunga Bunga's picture Vote up! 10 Vote down! 0 I wish it was 2007 again.
well, it IS 2007 again
Pisani calls another top.
Piss ant y. Definition of a CNBS commentator.
Enjoy,,,
http://www.youtube.com/watch?v=HdNC1UUNuzw
Fuck you CNBC
Piss-on-me can fuck off. that motherfucker would skin live kittens with his fucking teeth if that fucking wall street ball sucking asshole thought it would turn one bear to a bull.
Fuck you MSM ass clowns. Fucking burn in hell pricks.
Might want to pace yourself........
I'm not even fucking warmed up yet...
But how do you REALLY feel?
Anyone calls him Francis, he kill you
Groupthink.
Perception over reality.
Deja vu 2007 in 2013.
You think $6 Trillion in FED gravy and Legislative and Judicial branches ignoring the rule-of-law has anything to do with the 2009-2013 jizz fest on Wall Street?
Hmmm...
I find the CNBC opinions enlightening.
Markets that can't go down, like the current one, and don't have so much as a small correction are more often than not the caffeinated, overly-central bank stimulated ones - especially when this is going on AFTER a 4 year doubling in the market. If we were rallying off a recent huge decline, the every day is an up day action would at least be justified.
On the other hand, these are the EXACT types of markets where capital is being misallocated and the set up is being put in place for the next fall. It is the timing that one rarely gets right and this thing could continue to pump higher for some period. But, the fall will be worse because you can't even hide in cash anymore and the central banks are already all in.
No lessons have been learned. At least not the correct ones.
"Well, we fucked em over pretty hard last time but I think they can take another round."- Central Planners
Look at the commodity quotes - Oil = $59 and Gold like $660 or $670?
Exactly, silver 13 and gold 1k less, and the dow back to where it was. talk about an example of currency debasment in disguise
When the smoke is thickest then I'll buy, not until then. Squeezing out another 5% with downside of 40% seems retarded.
honey squeeze another 5% go on, couldn't give a rats arse about the downside!
Ah yes, Bob "the important thing" Pisani. He refuses to believe the market was put out of its misery in 2008.
BOO-YAH!
Let's see 18 more months until the collapse. Quite a call based upon prior batting average. Swing and a miss. Swing, batter,batter, batter, swing batter, batter..... Sometime you'll hit it.I'm sure
Kudlow hasn't aged a day. Cool Breeze on the other hand looks like he hit the wall (st.) and the wall (st.) fell on him
Wow , look at the price of N.Gas !!!!!
Plus ca change.
I heard 3/22 is the day things get crazy. Try shorting the close of 3/21.
I've heard a lot of things too. Problem is not hearing things. In fact, most of us can hear. Problem is nobody gives a rats ass about evidence.
Wish the DHS was still in the same position as it was 6 years ago.
SP500 weekly in 2007 similar to that of today.
http://bullandbearmash.com/chart/sp500-weekly-closes-sixth-week-row/
Let's see if the Fed stops pouring cash into the markets.
shit.
Ag 13.90
Almost free.
Edit:
On second thoughts, I wish to re-edit my post entirely and reflect up the only real reasonable response (apologies).
The cunts.
Kudlow: and since I'm the biggest whore here, a line off MY ASS for everyone.
LOL, the 2 yr was pushing 5% then on their ticker...
www.TopTheNews.com
Its what we call the the Muppet Show:
http://www.youtube.com/watch?v=vIMwMsY0ndo
Suckers. I only hope we will get more videos like this one when the next big plunge comes.
Why would this guy record this? Funny as it is. Wasn't funy at the time though. I remember.
He tried to play the Russell 2000 near the top when he should have parked his money on the sidelines.
No, It wasnt funny at the time. I laugh about it now.
I get the feeling this is it, people, the last hurrah for the stock "market."
After the next downturn the market will be discredited for decades, if not forever. If you are an acute observer, you will understand this.
Acute? Myopic will do....
It will only be discredited by humans and be 100% algo driven. They don't know the concept of faith.
Riding & Eating
http://chartistfriendfrompittsburgh.blogspot.com/2013/02/riding-eating.html
No worries...we are approaching the "Sequester Semester"....
I saw Apple at 84.70! And I forgot that I had become sick and tired of hearing "Goldilocks"
CNBS is still alive? I cancelled cable two years ago. Starve the beast!
C FLEM BC = TBTF
Check out this one from Kudlow on March 6, 2009--Luskin says stocks are going down 70% from the 666 low. They really make it too easy.
http://www.youtube.com/watch?v=OiZ4et9j7ho
Don Luskin is one of my favorite contrary indicators. He's always a day late and a dollar short. He's an egotistical moron who thinks he's god's gift to witty repartee.
Ditto.
+1
Luskin is a certifiable asshole. Arrogance personified, I keep hoping for Peter Schiff to punch him in the balls on live TV and watch him cry like a sissy
god help us ralph make em poorah bob piss on me and i want to be that cunt kudlows sinus surgeon .... thats a true trio.
go NEMO MANHATTAN!!! HARPOON THE FUCKER
Oh Mr. Pudlow, 4 yaears ago we didn't have a handful of robots playing Pattie Cake with themselves. Riddle me this MR. PUDLOW, where did all the APPL money go? Oh into stocks like gmcr just to name a few. You see the big money pulls all the suckers in at the top and then leaves your 72 year old mom taking the hit when they decide it's time to sell in bulk. You FASCIST MOTHERFUCKERS need to go away. Not one person has been jailed for all the CDS, CDO, ROBOSIGNING,LIE-FRICKEN-BOR MANIPULATION? WTF the FASCIST bankers now run this country thanks to a bunch of submissive, bought out milksops in the Congress and Senate. There has been so many crimes commited that the jails should be full! Let the pot growers go and put the real villains behind bars. This Country is completely fucked... Nobody takes responsibility for any actions anymore and the more corrupt it gets, the more they turn their heads. Just look at the charts!!! 4 years ago when the big 5 CRONY Banks were ready to go down they controlled 45% of the financial markets. Well here we are 4 years later after BAILING them out to the tune of 10 TRILLION!!! See the FED report, and now they control 65% of the financial markets??? WT FRICKEN F? Now that the FED has expanded its balance sheet to a mere 3T, they are the biggest too big to fail that controls the other too big to fails... You don't need to be a science rocket to see this was all planned in the first place. A complete takeover from a democracy and now a totalitarian rule set in place run by a few FASCIST FUCKING CROOKS that will pilfer and steal every last dime they can from all the GLOBAL serfs until there is nothing left to steal. Just explain the fact we have double our deficit in 5 yars and got a ngative GDP last month? 6 frickin TRILLION and we can't get out of the red? And please explain the 600 TRILLION dollar derivitive ponzi that will collapse the globe. You corrupt, greedy fascist gamblers have bet my kids future for instant gains. When this shit falls apart I hope my kids line your asses up agaist a wall and.......
a very good rant....
Well put.
Standing Clapping. Well put sir.
Why put your kids on the spot to do the dirty work, take some of that responsibility your self! you expect your kids, grandkids to recognize what has happened???
Time for all you arm chair quarterbacks to start lifting the load that your own ignorace has created!
I went to dinner tonight with my son. The bill was $30.06. I gave the young (new) waitress $40 cash. So she give me a 10, 5, and five 1's. I could have been a scumbag and bought a six pack with it...I drink good beer. Anyways I gave her the extra $10 back and told her to be careful. I felt very good after that.
Any fucking wallstreet scumbag who enjoys taking 1000's, 100,000's, 1,000,000's, 1,000,000,000's, 1,000,000,000,000's needs to be hung high.
Disclaimer...I had a lot to drink tonight and I have no idea what I am even saying...so fuck you NSA!
LOL! I would expect no less.
Two hot bands to keep an eye on.
Pisani & the PissFlaps
and making his 3rd comeback
Ben & the Printers
Bob Pisani is a huge steaming pile of shit.
Gold at $668 on the ticker....lol.
PVC Gun Burial Tube. Holds 3 long rifles Ak47, SKS, AR15 plus ammo and gold & silver. Check it out here.
http://www.ebay.com/itm/160965515323?ssPageName=STRK:MESELX:IT&_trksid=p3984.m1555.l2649
DOW monthly chart shows impending Wile E. Coyote drop.
It doesn't take a genius to realise this chart will end in tears.
Longs please be careful.
http://trader618.com
Yeah yeah what happened back there was just a tragic boating accident. All you investing tourists - the water is safe, trust me! Dive right in! There hasn't been a real Squid sighting in years...
Back then people were not paying attention to anything, nowadays people KNOW another crash is on the way, the smart money is sitting on the side-lines waiting to buy up all the stocks of companies that are going to get into the new round of bailouts.
"Global Synchronous Expansion" = Worldwide Bubble Blowing
And now we are in a global synchronous collapse....
That pump got him and his buddies another 80 points before the melt down.
Have you noticed the internet version of CNBC has been leading with Treasury Bond movements as it's top headline. Just in case there was any question that this media outlet is following the Obama/Bernanke theme of encouraging the movement out of bonds and into stocks. All, in my opinion, to make people believe that interest rates may rise sooner than expected....which we all know is complete and utter BS because it detroys the credit metrics related to national debt, inflation etc
Actually, it was six years ago this week that the very first sign of what was too come occured. The sub-prime mortage lender New Century lost 45% of it's share price in one day of trading. Too many people were drinking the Koolaid and not paying attention in early 2007. By that August though, they were.
I loved CNBC during the Mark Haines days. When he was in charge of the Squawk box along with Joe Kernan and Dave Faber , I never missed an episode. The show made me laugh and think every morning. Mr Haines professionalism shined during the morning of 9-11. Cnbc today? .. Meh, I'll pass
He was less of a schill than most, but still a schill. I swear the guy had a J&B bottle in his lap while he was on the air. He used to laugh at Peter Schiff too, especially before the housing bubble popped.
What is this CNBC you of which you speak?
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I love it!
"The Net Never Forgets!"
Why is Pisani still working? Why are any of those bums stilling working?
They can be wrong and wrong and wrong, again and again and again and are NEVER held accountable.
And yet, like the very turds they are, they continue to float to the top.
•J•
V-V
Memo to all those on the video:
Fuck you, you fucking fucks.
Sincerey yours,,,,,,,,