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

Tyler Durden's picture

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 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 there are 3 things that bring down real estate markets: 1) the economy falls apart, 2) liquidity is withdrawn, and 3) supply overwhelming market - NONE of that has happened."


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IridiumRebel's picture

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

IridiumRebel's picture

DOW 2013: This time its rigged!



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

nope-1004's picture

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.


Tippoo Sultan's picture

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

Say What Again's picture

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

willwork4food's picture

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?!!

Richard Chesler's picture


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


willwork4food's picture

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

markmotive's picture

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:

derek_vineyard's picture

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

Fredo Corleone's picture

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

RockyRacoon's picture

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

Go Tribe's picture

Damn, if only I were stacking back then.

BandGap's picture

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 the fact that these have sprung up all over the place a sign, as well?

kaa1016's picture

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...

ToNYC's picture

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.

ToNYC's picture

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

kwality's picture

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.

IridiumRebel's picture

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

Problem Is's picture

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

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

IridiumRebel's picture

shitcaneand shitnami™ Property of "Problem Is"


Rattling Bones's picture

Nancy Pelosi as "The Eye Candy"

ToNYC's picture

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!

bobthehorse's picture

I'm quite bullish.

I see DOW 30,000.

Buy, buy, buy.

Get me a hot dog, you motherfuckers.

IridiumRebel's picture

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

kliguy38's picture

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


DCFusor's picture

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

Matt's picture

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

Eireann go Brach's picture

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!

Go Tribe's picture

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

Buck Johnson's picture

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.

Silveramada's picture

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

long-shorty's picture

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.

Say What Again's picture

Thank you.

This is an excellent way to end the week.

Now I can start drinking

ersatzteil's picture

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

FoeHammer's picture

Pigs are terrible shots, you guys got this.

redpill's picture

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


Mesquite's picture

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

Rick64's picture

 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.

VonManstein's picture

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

Sideways/up frustration first

Kilgore Trout's picture

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