This page has been archived and commenting is disabled.

FOMO Is The New POMO

Tyler Durden's picture




 

By now everyone knows that POMO is the daily physical manifestation of the Fed's love for the "1%", and the trillions in underfunded pension and stock-linked entitlements, taking place (almost) every day in the hours between 10:15am and 11:00 am Eastern, when the NY Fed's trading desk injects between $1 and $6 billion in the stock market. What many may not know is that while POMO was the name of the game since 2009 (just think where the S&P would be if the "market" was only open on Thursday, during the 45 minute duration of POMO, and between 3:30 pm and 4:15 pm), it may have finally met its homophonous match, courtesy of Citigroup. So step aside POMO. Presenting.... FOMO, or Fear Of Missing Out.

From Citi's Stephen Antczak:

Fear Of Missing Out outweighs all others

 

There is a new factor that investors seem to be incredibly wary of, and it has nothing to do with fiscal challenges in Europe, a slow economic backdrop, shareholder-friendly activities, or the potential for rising rates. What investors seem to be most afraid of at this stage is simply missing out – missing out on carry in the best case, and continued tightening in the worst.... This FOMO mentality has become more acute and may outweigh all other worries in the near-term.

And circularly #Reffing! scene.

Golfclap oh Great Chairsatan: you have finally made the momentum chasing herd mentality, driven by the fear of a pink slip, the only game in town. How this has anything but a very happy ending for everyone is simply beyond us.

 

- advertisements -

Comment viewing options

Select your preferred way to display the comments and click "Save settings" to activate your changes.
Tue, 05/07/2013 - 14:41 | 3538279 IndicaTive
IndicaTive's picture

Some of the people in my company, the same people that had no clue how to log on to their 401k account a year ago are now discussing which funds they should be in to chase the market up.

Tue, 05/07/2013 - 14:44 | 3538298 LawsofPhysics
LawsofPhysics's picture

That's a bad sign, but so long as there is no chance those treasuries are going to go bidless, why not?  85 billion becomes 120 billion, then 300 billion.  everyone gets a free blow-job and a $25 loaf of bread or $25 gallon of gas, whichever comes first.

Tue, 05/07/2013 - 14:46 | 3538305 The Juggernaut
The Juggernaut's picture

Cue the muppets and immediately following them, the muppet slayers.

Tue, 05/07/2013 - 14:50 | 3538318 espirit
espirit's picture

The Bankruptcy of the United States

http://www.afn.org/~govern/bankruptcy.html

Tue, 05/07/2013 - 14:52 | 3538325 LawsofPhysics
LawsofPhysics's picture

A fine rant that accomplished nothing.

Tue, 05/07/2013 - 15:01 | 3538361 NotApplicable
NotApplicable's picture

+100 Tyler, for pulling off an excellent meme-jack!

Tue, 05/07/2013 - 16:05 | 3538579 DaveyJones
DaveyJones's picture

and a media has been turned spanish soap opera is an accurate american analogy

Tue, 05/07/2013 - 15:03 | 3538370 astoriajoe
astoriajoe's picture

I was wondering why this guy in the black robe and hood has been standing behind my chair all f*ckng morning.

Tue, 05/07/2013 - 16:16 | 3538608 rogeliokh
rogeliokh's picture

HOMO is a new POMO.

Wed, 05/08/2013 - 00:56 | 3540047 Moonrajah
Moonrajah's picture

A HOMO jinxed by his FOMO is chasing the POMO, and it ain't no pro BONO.

Yup, sums it up for me.

Tue, 05/07/2013 - 15:07 | 3538382 tarsubil
tarsubil's picture

I see this on commuting days. People pile into the left lane mindlessly and it ends up stopping due to the higher traffic and goes slower than the other lanes. People do this day after day unable to see the mistake they are making. It is fascinating.

Tue, 05/07/2013 - 16:58 | 3538741 Overfed
Overfed's picture

If only it were legal to PIT left-lane squatters....

Wed, 05/08/2013 - 06:37 | 3540303 e-recep
e-recep's picture

shoe shine boy moment.

Tue, 05/07/2013 - 14:42 | 3538281 WTF_247
WTF_247's picture

No funds.  Just go long SPY - easier.

Tue, 05/07/2013 - 14:42 | 3538284 resurger
resurger's picture

FOMO the Sheep...

Muaaaaaaaaaah!

Tue, 05/07/2013 - 15:28 | 3538462 prains
prains's picture

FOrk MOnkeys

 

All you can stuff in every orfice

Tue, 05/07/2013 - 14:43 | 3538286 q99x2
q99x2's picture

hopiumhomophonousphobium I'm buying stocks.

Tue, 05/07/2013 - 14:43 | 3538288 Uncle Zuzu
Uncle Zuzu's picture

All professional money managers are FOMOs.  Career risk for missing out is much greater than for participating and losing money. Safety in crowds.

Tue, 05/07/2013 - 14:43 | 3538290 kahunabear
kahunabear's picture

Nobody here missing out.

Tue, 05/07/2013 - 15:15 | 3538292 Mercury
Mercury's picture

Don't go all FOMO! Get with the POMO!

You want the riches and the bitchez then get jiggity with Uncle Ben's liquidity!

 

Tue, 05/07/2013 - 14:44 | 3538295 Vashta Nerada
Vashta Nerada's picture

People staying out of the market will be accused of fomophobia

Tue, 05/07/2013 - 15:16 | 3538403 AynRandFan
AynRandFan's picture

Bloomie radio today accused anyone against Keysianism of being a homophobe.  The reason, apparently Keynes was gay and impliedly didn't care whether children inherited a huge debt.  

Tue, 05/07/2013 - 15:52 | 3538520 Kirk2NCC1701
Kirk2NCC1701's picture

Of course he was jolly.  He was English.  They always like a jolly-good show.  It's always bloody this, and jolly that, and gay old time.  And an English fag is not American fag.  And an English fanny is not the same as an American fanny. 

I say, I say I say.  Bloomies had better get their bloomin' language and diction correct!  Bloody Americans!

/s

Tue, 05/07/2013 - 17:02 | 3538749 Overfed
Overfed's picture

If he were merely a butt-pirate, that would be no big deal. Keynes was a little boy raping pederast and customer of human traffickers.

An true deviant of the lowest order.

Tue, 05/07/2013 - 14:52 | 3538301 Kirk2NCC1701
Kirk2NCC1701's picture

I'm a fiscal Dancing FOOL (Fear Of Overt Losses)... Everybody TWIST!

But my wife is a MILF.

 

Tue, 05/07/2013 - 15:02 | 3538368 NotApplicable
NotApplicable's picture

Since when do Trekkies have sex? :D

Tue, 05/07/2013 - 15:05 | 3538376 NotApplicable
NotApplicable's picture

Wait... on second thought, I don't wanna know.

Tue, 05/07/2013 - 16:11 | 3538594 DaveyJones
DaveyJones's picture

beam me up takes on a whole new meaning

Tue, 05/07/2013 - 16:17 | 3538613 youngman
youngman's picture

They have Tribbles...lots of tribbles

Tue, 05/07/2013 - 16:28 | 3538653 DosZap
DosZap's picture

Defintely OT, but unless I missed it I have not seen this on any MSM, or ZH.

 

HOW TO HALT THE TERRORIST MONEY TRAIN

By Robert Mazur - Friday, May 3, 2013

Last December, HSBC admitted in court pleadings that it had allowed big Mexican and Colombian drug cartels to launder at least $881 million. The bank also admitted to using various schemes to move hundreds of millions of dollars to nations subject to trade sanctions, including Iran, Cuba and Sudan, in violation of the Trading With the Enemy Act. “On at least one occasion,” according to a statement by Assistant Attorney General Lanny A. Breuer, “HSBC instructed a bank in Iran on how to format payment messages so that the transactions would not be blocked or rejected by the United States.”

Those were some of the transgressions uncovered during a two-year investigation led by the Justice and Treasury Departments and acknowledged by HSBC in a settlement, known as a deferred prosecution agreement, that was filed in a federal court in December. Not a single executive was charged with a crime. Instead, the bank paid $1.9 billion in fines and forfeitures — or roughly 10 percent of the pretax profits it earned in just 2010, one of the more than five years during which it admitted to criminal conduct.

HSBC is hardly alone. Court filings show that, since 2006, more than a dozen banks have reached settlements with the Justice Department regarding violations related to money laundering. ING Bank paid a $619 million fine for altering records and secretly transferring more than $2 billion for entities trading with Iran and other nations under sanctions. American Express Bank International acknowledged that more than $55 million in drug proceeds may have been laundered through offshore shell accounts it maintained. The Justice Department has signed similar agreements, withholding prosecution in exchange for bank promises to tighten oversight, with Wachovia, Union Bank of California, Lloyds, Credit Suisse, ABN Amro Holding (now owned by Royal Bank of Scotland), Barclays and Standard Chartered. All admitted to criminal offenses; all were handed the equivalent of traffic tickets — pay a fine on your way out the door.

This has been the government’s playbook in fighting terrorism and the drug trade. For make no mistake, without the ability to “wash” billions of dollars of money from illicit sources each year and bank the untraceable profits, both of these criminal enterprises would falter.

In November, the House Subcommittee on Oversight, Investigations and Management issued a shocking report documenting the collaboration between Mexican and Colombian drug cartels and Hezbollah in narcotics and human trafficking, smuggling and financial crimes in the United States and Latin America — a partnership that, in just the border region between Brazil, Paraguay and Argentina, produces an estimated $12 billion in cash each year.

Yet data from the Department of Justice Asset Forfeiture Fund and the United Nations Office on Drugs and Crime Research Report show that United States law enforcement tracks down and seizes no more than 1 percent of the drug fortunes generated each year by global cartels.

The rest isn’t hiding in mattresses. It’s being washed — stripped clean of information that would identify its source, then transferred from one account to another, and often moved surreptitiously through various business enterprises, until it can settle safely in a criminal’s private offshore bank account. None of this happens without help from bankers, lawyers and businessmen.

I have seen this firsthand. I was a federal agent for 27 years and worked undercover as a money launderer within this murky realm for five of them. I worked on teams that put leaders of drug cartels behind bars. The largest and most sophisticated of these criminal enterprises don’t trick banks into laundering their money — they partner with that small segment of the international banking and business community that recirculates drug profits and cash from other illicit trades, like black-market arms dealing.

The only way to stop the flow of this dirty money is to get tough on the bankers who help mask and transfer it around the world. Banks themselves don’t launder money, after all; people do.

The standard of proof needed to charge and convict a bank officer of money laundering is simple. If the person knows that funds are proceeds of a crime and, thereafter, he attempts to disguise or conceal the true source of the funds, he has committed the criminal offense of money laundering. Any individual who intentionally provides financial services to criminal organizations should be dealt with as harshly as possible under the law.

Bank officers at HSBC branches in Mexico who facilitated the transfer of $881 million for the Sinaloa Cartel in Mexico, the Norte del Valle Cartel in Colombia and other narcotics traffickers — deposits that were often passed through teller windows in cash-filled boxes, some with hundreds of thousands of dollars in them — might contend that they were naïve about this money’s source. But there’s little incentive for them, or any bank officer, to be more vigilant when turning a blind eye comes with little or no penalty.

The stakes are simply too high for such a soft-glove approach on money laundering. As long as drug traffickers can wash the stain from 99 percent of their ill-gotten gains, as long as terrorists can move their cash freely around the world, we’ll have no chance to halt their deadly trades. We can help put an end to both of these scourges by putting the bankers who facilitate them in jail.

Tue, 05/07/2013 - 14:46 | 3538302 resurger
resurger's picture

How about a FOMO on Gold & Silver?

Tue, 05/07/2013 - 14:51 | 3538323 auric1234
auric1234's picture

That's precisely what manipulation is aimed at preventing.

 

Tue, 05/07/2013 - 14:48 | 3538308 FubarNation
FubarNation's picture

MOFO

Tue, 05/07/2013 - 14:49 | 3538309 Peter Pan
Peter Pan's picture

The best thing that can happen is for the stock markets to close down 4 days per week because they are nothing but an abstraction and an obstruction. This fixation on manipulating the thermometer will not change the real temperature of the economy and instead will do it some real harm.

 

Tue, 05/07/2013 - 15:08 | 3538386 resurger
resurger's picture

The BOMDOW Strategy is epic:

Buy On Monday Dump On Wednesday

Tue, 05/07/2013 - 14:49 | 3538311 fonzannoon
fonzannoon's picture

This is an actual conversation that I can't prove ever took place today.

 

" I fuckin told you I could get these dumb mice to scramble for the cheese again, you gotta listen to me you dumbass"

 - Bernank

"Ain't that some shit. Thanks man. Hey...145yrds out with a light breeze...9 iron or a wedge?"

Obummer.

Tue, 05/07/2013 - 14:54 | 3538336 francis_sawyer
francis_sawyer's picture

You'll FAT the 9-iron & you'll BLADE the wedge... Caddie says: Get out your putter...

Tue, 05/07/2013 - 15:03 | 3538371 resurger
resurger's picture

You can keep the monkies

Tue, 05/07/2013 - 14:49 | 3538317 Cursive
Cursive's picture

FOMO doesn't exist anymore.  This Antczak shill is trying to incite FOMO.  Retail is worried about making ends meet...not FOMO.

Tue, 05/07/2013 - 14:51 | 3538328 fonzannoon
fonzannoon's picture

Cursive I guess like the housing conversation this morning went....the FOMO's around me are alive and well.

Get in now these prices won't last!!!!!

Tue, 05/07/2013 - 14:59 | 3538353 Cursive
Cursive's picture

@fonzanoon

We had a dinner party last weekend and a financial advisor was a guest.  The only time financial markets were mentioned was when another guy said he was day trading the day of the Flash Crash.  That was it.  No follow-up.  No FOMO.  Most people I meet intuitively know this shit is rigged and have moved on....dinner was very nice.

Tue, 05/07/2013 - 15:04 | 3538373 fonzannoon
fonzannoon's picture

I always assumed we lived in different places but now I am starting to think you are in the future and I am stuck in the past. As if my brain was not scrambled enough already.

"Most people I meet intuitively know this shit is rigged"

That however, is one thing we still have in common.

Tue, 05/07/2013 - 15:48 | 3538525 Its Only Rock N Roll
Its Only Rock N Roll's picture

If you or any of you FOMO's touch my stocks....I'll kill you

Tue, 05/07/2013 - 14:51 | 3538321 Yen Cross
Yen Cross's picture

     FOMO soon to become FUBAR.

Tue, 05/07/2013 - 15:04 | 3538372 NotApplicable
NotApplicable's picture

Got Puts?

Tue, 05/07/2013 - 14:52 | 3538327 Whiner
Whiner's picture

Buy everything Ben, you hooker!

Tue, 05/07/2013 - 14:51 | 3538329 francis_sawyer
francis_sawyer's picture

JEWS. PRINT. MONEY. OUT. OF. THIN. AIR. [FOR THEMSELVES]. TO. PERPETUATE. A PONZI. STARTED. BY. THEMSELVES. FOR. THEIR. OWN. TRIBAL. BENEFIT.

<=== Water carriers junk here

Tue, 05/07/2013 - 15:02 | 3538354 Kirk2NCC1701
Kirk2NCC1701's picture

My name is Jim.  I'm a recovering Fiscalholic.  [waits for 'Hi Jim']  I admit that I'm pissed that I didn't think of the fiat-Ponzi + FRB first.  Was born 300 years too late. 

We need to start a new country or new religion.  Who's in?

Tue, 05/07/2013 - 15:49 | 3538534 francis_sawyer
francis_sawyer's picture

If any of you... 'FOMOS'... touch me... I'll kill you...

Tue, 05/07/2013 - 16:27 | 3538646 prains
prains's picture

will there be an all you can eat buffet ??

Wed, 05/08/2013 - 00:52 | 3540043 Moonrajah
Moonrajah's picture

Yup, and he will be accompanied by an all you can eat munger as well.

Tue, 05/07/2013 - 15:03 | 3538369 Disenchanted
Disenchanted's picture

'money' from nothing

shiksas for free...

Tue, 05/07/2013 - 15:43 | 3538508 Bam_Man
Bam_Man's picture

Oh, I don't think she is "free". I can just imagine what she is costing that nice Jewish fellow.

Tue, 05/07/2013 - 15:28 | 3538464 kito
kito's picture

what do the japanese print money out of??? last i checked, no japanese jews that im aware of

repectfully,

your friendly neighborhood water carrier

Wed, 05/08/2013 - 06:46 | 3540311 e-recep
e-recep's picture

never heard of japanese masons? masons : jews' office boys

Tue, 05/07/2013 - 15:45 | 3538514 kito
kito's picture

you know francis, that im jewish....and i havent been able to print money out of thin air yet.......why cant i benefit from this jewish magic????

Tue, 05/07/2013 - 15:53 | 3538539 francis_sawyer
francis_sawyer's picture

kito ~ my man... you know I don't hate you... But you gotta be the dumbest dipshit on the planet to NOT have jumped onto the biggest gravy train of the last half millenium...

~~~

But I guess THAT's why I give you a free pass...

Tue, 05/07/2013 - 15:57 | 3538555 Disenchanted
Disenchanted's picture

some jews are more 'chosen' than others...

Tue, 05/07/2013 - 16:02 | 3538570 francis_sawyer
francis_sawyer's picture

It's not even that

~~~

As far as bringing, 'The Japanese', into the narrative is concerned... kito ~ please don't tell me that you consider JAPAN to only consist of the post 'Meiji Restoration' apparatus... You might as well say that Obama & George Washington are blood brothers...

Tue, 05/07/2013 - 16:13 | 3538597 Disenchanted
Disenchanted's picture

I'm pretty sure there's Red Shield influence lurking about in the BOJ shadows...and behind convenient curtains.

just one example of the Red Shields in the land of the rising sun:

Rothschild family to scoop £100m profit on Japanese bank
Tue, 05/07/2013 - 16:41 | 3538610 francis_sawyer
francis_sawyer's picture

Fucking 'COME ON MAN'... A full 40 years BEFORE the jews even convened at Jeckyll Island, they had English, French, & Americans all lined up to fulfill orders for Gaitlin guns to equip a 'WESTERN STYLE' Japanese army... [You know ~ for 'peacekeeping' purposes]...

~~~

I mean, Christ... In the US, it took the whole Hayes, Garfield, Arthur, Cleveland, Harrison, Cleveland [again], McKinley, Roosevelt, Taft, & finally 'Wilson' [by way of Princeton blackmail] Administrations to get the message thru... [not to mention the handful of 'assasinations' therein]...

Tue, 05/07/2013 - 16:42 | 3538699 kito
kito's picture

you and i are reading different history books.....but what about the other jews i know?? they arent on the gravy train either. one is a school teacher. another drives a bus. another writes freelance for magazines (no pulitzer yet). many i know are sitting in mid level desk jobs doing nothing that exciting. so what gives? why are there oodles of jews not in charge of the world? who gets to choose which jews run shit and which have to take it like the gentiles??? and why were many of the fed chairmen not jewish? why would they relinquish control?

jp morgan wasnt jewish. id say he was pretty influential in running the worlds money. in fact, which members of jeckyl isle were jewish?

Tue, 05/07/2013 - 16:57 | 3538739 long-shorty
long-shorty's picture

don't worry Kito. eventually things are going to get so fucked up that the rioters will go after all successful people in the world, not just the Jews.

Tue, 05/07/2013 - 18:24 | 3538890 WhiteNight123129
WhiteNight123129's picture

Do not worry Kito, the problem has nothing to do with jewish people. It has to do with bad banking and corrupt practices. We live in equal opportunity corruption with everyone offered the opportunity to be corrupt, wasp, catholics, jews, blacks everyone can be corrupt in America.

As for jewish people guys, please leave Kito alone. You guys have to make the difference between a guy like Rabbi Weiss who is a good man and peaceful guy with a war mongering nut case finding every opportunity to start a conflict. There are good men and war mongerers in every religion. My great-grand parents were jailed and almost starved in french prisons, (they were not jews) but they could not stand to be ruled by fuck heads and morons. So fuck head and morons leave Kito alone, and I piss on your back for attacking Kito and some people for no other reason that they are of the jewish faith and that your brain is limited and somewhat looking for a stupid answer to a situation it can not process logically.

As for you Kito, I think it is retarted to stack paper money unless you expected Ben Bernanke have the CTRL and P keys on his computers to be inoperative, that being said, it is a lot more retarted to stack currency deposit at the bank (which in theory can be cyprused but in practice will never be).

 

 

 

Tue, 05/07/2013 - 18:32 | 3539024 kito
kito's picture

thanks white night for your wise words................im going to diversify.....my finger is on the buy gold button........................

Tue, 05/07/2013 - 20:50 | 3539343 francis_sawyer
francis_sawyer's picture

Yeah White Knight...

~~~

Thank you for reminding everyone that... In reality... It is francis_sawyer, who in his nightly sonambulistic states... Goes out there & prints the money himself...

His only assistance in this endeavor is by the cold lifeless limestone of the Marriner Eccles building itself...

Little does anybody know that the [non]Federal [non]Reserve simply upped & constructed itself... It's like a page straight out of Ghostbusters... The 'BUILDING' is possessed... Nobody even had to build it... Likewise, there are no operatives, & no shareholding families...

The money just prints itself [& all you're left to do is to duke it out with the Sta Puft Marshmallow man]...

Weird...

~~~

& kito... Wanna know something?... The most tiresome thing of all, for me, is to have to present the same facts over & over... Not long ago, buried in these threads, I gave a whole rundown of the Fed Chairs that were jewish... It was something like 17 out of 22 [but that's information that is easy to obtain]... Instead ~ what do you do?... You come on here & pretend that it doesn't exist... Same thing with both the attendees of Jeckyl Island [spearheaded by Warburg]... & even thorough explanations as to how 'non' jewish families [like the House of Morgan], got into the game as a direct link from jewish banking heirarchy...

Next thing you're going to tell me is that the House of Windsor & Rothschild are mutually exclusive...

So here it is people... IF YOU'RE ALL SO FUCKING SICK OF FRANCIS_SAWYER HAVING TO SAY THE SAME THINGS OVER & OVER... GET OUT THERE & DO YOUR OWN RESEARCH INSTEAD OF JUST LAZILY QUESTIONING THINGS OVER & OVER BECAUSE YOU DON'T LIKE WHERE THE TRUTH LIES...

 

Tue, 05/07/2013 - 16:04 | 3538578 resurger
resurger's picture

you are an exception, all you need to do is to flash the star of David ... are you rocking that btw

 

 

 

 

Tue, 05/07/2013 - 16:14 | 3538598 Thisson
Thisson's picture

You and Francis are both fucking retards, Resurger.

Tue, 05/07/2013 - 16:18 | 3538615 francis_sawyer
francis_sawyer's picture

Indulge me... In your eloquent manner... as to why?

Tue, 05/07/2013 - 18:46 | 3538951 WhiteNight123129
WhiteNight123129's picture

I will do the job.

Ok where do we start...?

First is jew an adjective or a substantive?

How do you go from adjective to substantive. What is this substantive defining? People from the jewish faith?

What is the range of difference in political opinion, position on conflicts, on social issues, wealth in a given religion?

Are the political positions, opinions, wealth homogenuous in the group you are trying to bundle up together?

Does the definition of a ~group~ stand the disparity in wealth, geography, poltical stance, opinions?

I believe you are mixing up jews and corrupt bankers. There are many corrupt bankers who are not jews and would they get indulgence from you just because they are not jew? There are many jews who are not bankers at all and not corrupt, should they deserve your hatred?

I think you are making a syllogism which is the following.

Many bankers are jew (which is a true statement). Many banker are corrupt (which is also a true statement). 

Hence jews are corrupt (false conclusion). 

Very very bad thought process.

By nbow readers of this blog realize that YOU ARE EFFECTIVELY RETARDED.

Many bankers are not jew and many jews are not bankers.

As for why so many bankers are jew it is simply a function of history and a ban on money dealing by the catholic church for catholics.

Consider that your line of thought is similar to the following.

A ---> B

A ----> D

Hence

/B ---> D

Ok let us have a go with your retarded thought process.

Many college students brush their teeth. (A --->B)

Many college students drink alcohol. (A --->D)

Hence people who brush their teeth drink alcohol (/B---> D)

You note that I use /B instead of B, because you are making a distortion from B to /B.

The extension from ~college students who brush their teeth~ to ~people who brush their teeth~ is similar in nature to the extension from ~bankers who are jewish~ to  ~people who are jewish~.

As a result while it is probable that ~many jewish bankers are corrupt~ is a true statement just because the statement ~many bankers are corrupt~ is probably true itself.

However you can also say ~many bankers who wear glasses are corrupt~ is probably a true statement just because the statement ~many bankers are corrupt~ is probably true itself.

Can you conclude that people who wear glasses are corrupt?

 

RETARDED!

Tue, 05/07/2013 - 20:35 | 3539365 francis_sawyer
francis_sawyer's picture

see comment above ^^^

~~~

The only retarded thing here is for you, once again, to drag this conversation back into the cesspool of having to do with religions, or faith... [which I've repeated many times, on this blog, that it has nothing to do with]...

SOMEBODY FUCKING PRINTS THE MONEY... THAT WAS MY INITIAL COMMENT... IT DOESN'T PRINT ITSELF...

So I don't need to know anything about college students & teeth brushing... All I need to know about is WHO holds the franchise on money printing... I've narrowed it down...

- It's not me

- It's not the Muzzies, or Hindus, or Buddhists, or Hare Krishnas [although don't try & glean anything 'religious' about that]

- It's not the Eskimos

- It doesn't print itself

~~~

1. Who holds the franchise on money printing?

2. Who was present when that idea was conceived?

That's all you need to know...

 

 

Tue, 05/07/2013 - 14:58 | 3538351 Walt D.
Walt D.'s picture

FOMO? MOFO?

Tue, 05/07/2013 - 14:58 | 3538352 azengrcat
azengrcat's picture

MOAR ANIMAL SPIRITS GOGOGOGOGO

Tue, 05/07/2013 - 15:00 | 3538356 Dareconomics
Dareconomics's picture

Money printing is the most important factor in driving all of the markets.  When will this policy cease to be effective?

 

 

http://dareconomics.wordpress.com/2013/05/07/around-the-globe-05-07-2013/

Tue, 05/07/2013 - 15:01 | 3538363 DR
DR's picture

http://www.bloomberg.com/news/2013-05-07/fink-says-u-s-workers-need-mand...

"BlackRock Inc.’s (BLK) Laurence D. Fink, head of the world’s largest asset manager, said U.S. employers should be required to put money aside for their employees’ retirement, similar to Australia’s superannuation system."

 

We need some greater fools in the future to assure the ponzi...

Tue, 05/07/2013 - 15:19 | 3538417 ghandi
ghandi's picture

I fucking wish Fink would fist himself!

 

I hate that mofo!

Tue, 05/07/2013 - 15:04 | 3538374 Kirk2NCC1701
Kirk2NCC1701's picture

I thought this POMO was a FUD & FUBAR business.  No FOMO here.

Tue, 05/07/2013 - 15:08 | 3538383 CallTheBluff
CallTheBluff's picture

Bad jobs numbers are now bullish for the S&P thanks to the dual mandate and FOMC.

Tue, 05/07/2013 - 15:18 | 3538394 ebworthen
ebworthen's picture

All time highs!

DOW 15,000!  OMFG!!!

Just look at Blackrock, +50% in the past year!

What could go wrong!?!?!

It's 2008 all over again!

Insanity!

Madness!

I have to be a part of it!!!

p.s. - Blackrock CEO Larry Fink saying buy equities!  Maria jumping in.  Everybody back on the Titanic!  Quick!  Get your seat on the Lusitania!  The Hindenburg is about to leave it's moorings.  You have to get on!!!

Tue, 05/07/2013 - 15:20 | 3538426 ghandi
ghandi's picture

Goddamn Fink!

 

He has more of a lisp than helen keller!

Tue, 05/07/2013 - 15:24 | 3538449 ebworthen
ebworthen's picture

Fink basically saying:  "Give us your money so we can leech off of it, the government can tax the piss out of it, and really, we can eventually - in collusion with the government we control - VAPORIZE it."

Tue, 05/07/2013 - 15:15 | 3538400 Yen Cross
Yen Cross's picture

     That shill Larry Fink is on CNBS right now. We should start a thread for that ass clown.

Tue, 05/07/2013 - 15:20 | 3538423 ebworthen
ebworthen's picture

Fink, how apropos:

fink:

1. A contemptible person. 2. An informer. 3. A hired strikebreaker.
Tue, 05/07/2013 - 15:21 | 3538434 ghandi
ghandi's picture

FUCK FINK!

FUCK FINK!

FUCK FINK!

 

Fuckin' fistin' Fink!

Tue, 05/07/2013 - 15:16 | 3538407 SheepDog-One
SheepDog-One's picture

I don't believe a bit of this, it's just wishful thinking that everyones piling into the stock market, fearing missing out. Horse shit.

Tue, 05/07/2013 - 15:18 | 3538411 Yen Cross
Yen Cross's picture

  Big fat miss with consumer credit.

Consumer Credit 7.97B 16.00B 18.63B

  Crickets from the market...

Tue, 05/07/2013 - 15:20 | 3538424 SheepDog-One
SheepDog-One's picture

Must....Incite....BubleMania....

LOL dream on Citi!

Tue, 05/07/2013 - 16:30 | 3538660 prains
prains's picture

trickle down baby, you have to wait for it !

Tue, 05/07/2013 - 15:19 | 3538413 valley chick
valley chick's picture

I am not missing a thing...catch every possible dip in PM's that I can get.  Move along...

Tue, 05/07/2013 - 15:26 | 3538414 Downtoolong
Downtoolong's picture

Fear Of Missing Out

Which is only eclipsed by the Fear Of Being In and Not Among the First to Get Out (FOBINAFGO).

Funny how we never get a chance to hear about that experience from Wall Street or the MSM.


But, I can hardly wait for Becky, Maria, and Warren to get noms for the next Daytime Emmy Awards. Following that, they will probably tow a Bernanke balloon down Broadway during the next Macy’s Thanksgiving Day Parade.

Tue, 05/07/2013 - 15:29 | 3538419 devo
devo's picture

I'm working on a new song. It goes like this so far:

Buy SPY, retire a rich guy

Never work again

Thanks, Bernank and Yellen

Tue, 05/07/2013 - 16:31 | 3538664 prains
prains's picture

needs an 80's drum machine for sure

Tue, 05/07/2013 - 15:19 | 3538420 thismarketisrigged
thismarketisrigged's picture

omgd, watching cnbc, i am puking. '' and we are at new all time highs for this market'', fuck off.

 

i really do not understand this game anymore.

 

why wouldnt people take money off the table. it makes no fucking sense. why why why, i cant understand. there is no stock anymore that is attractive.

 

take for example google. even if for some reason people thought google was attractive, who the fuck would keep buying the stock up at this fucking inflated price? same with amazon, aapl,whatever stock u can name. yes i know the fed is buying it to answer my own queston, but its sickening,

 

im done with these random down 150 pts on dow days, i better fucking see down 500-600 pts on dow during next sell off. 

 

the only thing that can make this day good is if bernanke is arrested at days end. otherwise, its the same old shit.

 

tonight futures will be red a bit, only to all wake up tomorrow morning and find futures either flat or up 50 plus pts. disgusting and criminal, and yet the ponzi scheme goes on and on.

 

whenever we here of ponzi schemes, eventually the people responsible are caught and punished accordingly. in those cases though, its not known about until its too late.

 

today we have a ponzi scheme going on right infront of our eyes, everyone can see it, no one is trying to hide it, yet it goes unpunished. makes no sense, yet this whole market makes no sense either.

Tue, 05/07/2013 - 16:02 | 3538563 devo
devo's picture

"They" are not taking money off the table because Bernanke is now in equities, and because Bernanke is going to buy more bonds soon. No sense selling when it's going up another 30 to 50%. Japan and Europe just eased so we can go next and bigger.

Tue, 05/07/2013 - 15:22 | 3538438 Herdee
Herdee's picture

Francis_sawyer,you left out the communists and masons.Your up to your Jewish blame game again I see.Pretty dumb.

Tue, 05/07/2013 - 15:24 | 3538446 YHC-FTSE
YHC-FTSE's picture

FOMO sounds like something Taleb wrote in his book about black swans and gambler's delusions. Clever.

Funny. With RE price rises, and Dow ~ 15k,   Bernanke is going to look like a genius, probably just before he leaves. The fireworks from the next crash is going to be awesome.

Tue, 05/07/2013 - 15:24 | 3538448 Dollar Bill Hiccup
Dollar Bill Hiccup's picture

Take a deep breath.

This is what the FED does. It has been doing it for a long time

Now, it seems absurd, since the BoJ, the BoE, the ECB, etc. etc. etc. are all doing it. Together.

Just like valuations in the Tech bubble, everyone knew it was nuts, no one wanted to admit it.

Now, everyone knows its nuts, but hey, on a relative basis, stocks are the only place to be blah blah blah.

This is what the FED does, its in its nature.

Nature will run its course, but not yet, not yet. Should be even more fun when HFTs dissappear in nano seconds from providing "liquidity". It is going to be a Nolan Ryan fastball to a T-ball player.

We are witnessing the JOY of going FULL RETARD which overwhelms all else.

FOMO!

 

Tue, 05/07/2013 - 15:28 | 3538465 thismarketisrigged
thismarketisrigged's picture

i guess the one nice thing about this, is it will make the ride down so much more enjoyable. it will be fun watching the algos go red red red when this ponzi scheme is over with

Tue, 05/07/2013 - 15:34 | 3538478 Cacete de Ouro
Cacete de Ouro's picture

This whole 'market' is tedious. Without normal
operational procedures the clowns take over. Either some dullards who are phony as shit and think QE2 is a cruise liner, but give great brown nosing, or else its the anal ivy league jerks who see the bullshit out there but continue to schmooz and talk the talk, but are about as trustworthy as a spider sitting in its web..

Mostly the nice people in an investment bank work in Operations, Finance and sometimes Technology. They don't have the motivation to lie, and usually are the most genuine people anyway who see through the wanky BS of the faker bakers.

This is just a rant, but there are serious points here. This whole investing banking game is pure shit. The most laughable sight in human existence (but sad also) is seeing investment banking grads spouting shit to each other and their colleagues so as to try to impress someone; impress anyone...: they are just sad little pricks...I feel sorry for them
Wasting their lives on the pursuit of nothing...its all a mirage..

Tue, 05/07/2013 - 15:37 | 3538487 WhiteNight123129
WhiteNight123129's picture

People should fear missing the great Treasuries bear market of the next 20 years!!!

 

Tue, 05/07/2013 - 15:45 | 3538515 Bam_Man
Bam_Man's picture

Ha, ha! Eric Estrada...Last time I saw him he was doing a real-estate "info-mercial" for lakeside lots some place in freakin' Arkansas. 

Tue, 05/07/2013 - 15:46 | 3538521 Downtoolong
Downtoolong's picture

Because, “Where else are you gonna go?”.

Of course, it’s more accurate to recognize there is no place else for the money to go. There is no opportunity to wisely invest all the money being printed in new ventures and projects that produce a real yield. In any case, these Wall Street types getting all the free money to play with wouldn’t know how to build a real grass roots company that actually produces value for customers if their life depended on it. What they don’t seem to realize is that once they drive the yield on stocks down to the current levels we see in bonds, their life will depend on it. Oh well, I guess more lessons of the past are yet to be ignored.

Tue, 05/07/2013 - 15:54 | 3538545 thismarketisrigged
thismarketisrigged's picture

did i mishear this jackass on cnbc, or did he really say fundementals are doing well?

Tue, 05/07/2013 - 16:14 | 3538602 Fuku Ben
Fuku Ben's picture

FOMO is to POMO

as

ROMO is to _____

Tue, 05/07/2013 - 18:56 | 3539090 Clowns on Acid
Clowns on Acid's picture

I guess that you are a communist if you do not invest in the equity markets these days....

Wed, 05/08/2013 - 02:52 | 3540162 kareninca
kareninca's picture

My husband is mad at me because I insisted we get out of the market at 11,000.

So.  We're moving our money back in.  Very, very slowly.

Sigh.

I hate looking like an idiot.  I'm starting to feel like an idiot, god knows.

How long can this go on????

Do NOT follow this link or you will be banned from the site!