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Bill Gross Moment Of Daily Zen: Hope, And Pray To Bernanke

Tyler Durden's picture




 

Because if one hopes hard enough, and if the liquidity capital misallocation tsunami doesn't destroy everything in its path (remember CapEx? neither do we) maybe, just maybe, the fifth, or sixth, or seventh time will be the charm and/or different.

 

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Wed, 05/08/2013 - 10:05 | 3540826 Lost Wages
Lost Wages's picture

Martin Armstrong posted a bullish Dow article yesterday and today it is gone.

Wed, 05/08/2013 - 10:13 | 3540876 Zer0head
Zer0head's picture

Barrons Leon Black article

 

"It's almost biblical. There is a time to reap and there's a time to sow," Leon Black, chairman and chief executive of Apollo (ticker: APO) declared to the Milken Institute's global conference in Los Angeles, alluding to that same Scriptural passage. "We are harvesting,"

http://online.barrons.com/article/SB50001424052748703591404578453000846155088.html
Wed, 05/08/2013 - 10:07 | 3540836 Dr. Engali
Dr. Engali's picture

Bill the fed doesn't give a rats ass about growth. They are trying to manage the collapse. 

Wed, 05/08/2013 - 10:18 | 3540896 The Limerick King
The Limerick King's picture

 

 

Growth doesn't show on our maps

Ben must keep open the taps

QEs only job

Let Oligarchs rob

While they manage the system collapse

Wed, 05/08/2013 - 10:21 | 3540907 gjp
gjp's picture

Bravo, LK!

Wed, 05/08/2013 - 10:51 | 3541063 the grateful un...
the grateful unemployed's picture

Risk is dependent on Hope?

I Hope no one reprices Risk.

Wed, 05/08/2013 - 10:08 | 3540841 CrashisOptimistic
CrashisOptimistic's picture

 

There is no market.  Forget it. 

Seek alternatives, and overpriced farmland is the only one.  Mostly because price doesn't matter.  Only calories and joules do.

Wed, 05/08/2013 - 10:11 | 3540863 fonzannoon
fonzannoon's picture

PIMCO's twitter translated

"Ben, put me back on the damn early distribution list and I will stop"

Wed, 05/08/2013 - 10:14 | 3540887 digitlman
digitlman's picture

For a company that relies upon the Fed's moves to make money, I find this Twitter feed less than honest.

 

Wed, 05/08/2013 - 10:30 | 3540956 ParkAveFlasher
ParkAveFlasher's picture

"PIMCO has been long gold since $1500/oz." - Bill Gross

Wed, 05/08/2013 - 10:18 | 3540897 Dr. Engali
Dr. Engali's picture

The Bernank to Bill:

 

Don't ever take sides with anyone against the family again....ever

 

 

http://www.youtube.com/watch?v=FeZ5GpcG4sc

Wed, 05/08/2013 - 10:22 | 3540916 NoDebt
NoDebt's picture

Bill's gotta be headed for the door soon.  Nobody bites the hand that feeds them like that and stays very long.

Wed, 05/08/2013 - 10:26 | 3540928 fonzannoon
fonzannoon's picture

Allianz own's Pimco, no? Maybe he knows the mothership is going to hit the rocks?

Wed, 05/08/2013 - 10:23 | 3540921 Seasmoke
Seasmoke's picture

Bill better never go fishing out in the lake.

Wed, 05/08/2013 - 10:29 | 3540955 Dr. Engali
Dr. Engali's picture

They all go fly fishing together....just as good.

Wed, 05/08/2013 - 10:53 | 3541072 NoDebt
NoDebt's picture

Even if he screamed for help in the middl of his office, who would hear him with that creepy whisper-voice?  Out in the woods- forget about it.

Wed, 05/08/2013 - 10:13 | 3540878 Hedgetard55
Hedgetard55's picture

Ben is transferring wealth to those owning stocks, so might as well profit from it. Same with the Japs.

Wed, 05/08/2013 - 10:45 | 3541039 the grateful un...
the grateful unemployed's picture

Jewish American Princesses own stocks? who would have guessed?

Wed, 05/08/2013 - 10:17 | 3540889 Mercury
Mercury's picture

Gross: Central bank credit & hope for real growth drive risk markets.

And coming soon: Change

Wed, 05/08/2013 - 10:26 | 3540931 Max Cynical
Max Cynical's picture

Why is it that Bill Gross is the only wall street insider that speaks out? Did he fail to make a donation along the way? Seems like he's been left out of the decision making process in NY and DC. 

Wed, 05/08/2013 - 10:29 | 3540944 HD
HD's picture

The more they print to support the market - the more they have to print to support the market.

The very people they need to believe the lie are not investing in CapEx and hiring.

Everyone accepts the market is fake and manipulated and keeps one foot out the door hoping they will get out first.

CENTRAL BANKS HAVE FAILED and printing trillions with no end in sight just proves they have lost control.

 

Wed, 05/08/2013 - 10:33 | 3540969 Winston Churchill
Winston Churchill's picture

They have no idea what else to do.

The game is over .

Wed, 05/08/2013 - 10:41 | 3541018 the grateful un...
the grateful unemployed's picture

at some point they have to print money in order to be able to afford to print money

Wed, 05/08/2013 - 10:36 | 3540968 thepigman
thepigman's picture

Gross is saying that when the street runs out of hope for growth, QE will no longer work.Should be any time now. Just remember who will be responsible for the crash.....Bubbles Bernanke, fed chairman.

Wed, 05/08/2013 - 10:40 | 3541010 the grateful un...
the grateful unemployed's picture

risk is only slightly more ephemeral than hope

Wed, 05/08/2013 - 10:34 | 3540972 blindman
blindman's picture

Secret History of the American Federal Reserve System
http://www.youtube.com/watch?v=iNh6K8bZkdM&NR=1&feature=fvwp
.

Wed, 05/08/2013 - 10:36 | 3540989 pragmatic hobo
pragmatic hobo's picture

Bernanke should be made permanent fed-chair. He should not be allowed to leave this mess to someone else.

Wed, 05/08/2013 - 10:41 | 3541019 Everybodys All ...
Everybodys All American's picture

The guy belongs in an electric chair.

Wed, 05/08/2013 - 10:38 | 3541001 the grateful un...
the grateful unemployed's picture

Risk, what is that? The Fed is everywhere. Their QE is backstopping Europe through the international banks. They have friends at the IMF to help them implement capital controls. Need a pallet of cash to give the Karzai government? Call Ben. Wasn't it the Fed that enabled the Nixon slush funds? Want to swap UST for foreign bonds, better check the charter. Okay good to go. Want something new in the charter? Sure, just write it down Mr President. You know no one in Congress complains because who wants a bad economy at reelection time. I'm your off balance sheet, off shore banker, want to hide dirty assets, under performing assets? Call me, your American Financial Gigilo. We'll get under the covers, sweep it under the rug. Risk is such a dirty word.

Wed, 05/08/2013 - 10:51 | 3541061 thepigman
thepigman's picture

What's the most contentious trade? Wonder if Hugh Hendry's getting short right now on a bet that Bernanke will be the first Fed chair to  crash the market.

Wed, 05/08/2013 - 11:02 | 3541113 RaceToTheBottom
RaceToTheBottom's picture

The definition of risk has been changed to the next bailout opportunity

Wed, 05/08/2013 - 11:04 | 3541133 More_sellers_th...
More_sellers_than_buyers's picture

why is this guy tweeting?

Wed, 05/08/2013 - 11:52 | 3541341 de3de8
de3de8's picture

This makes all those 401/IRA/SEP retirement accounts look good. The question is when do you get out? Pigs get fat, hogs to slaughter.

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