Harry Reid Is One Optimistic Guy

Tyler Durden's picture

In the aftermath of the latest House Republican debacle, the Senate had no choice but to go back to where it was on Thursday morning, and attempt to cobble a deal together. Only unlike Thursday, it now has just a little over 24 hours, and a House that it knows will not play ball with pretty much anything that the Senate proposes (at least not until that ultimate arbiter Joe Biden shows up and starts laughing). So while the outcome of this latest regression to square 0 is unknown, one thing we do know is that when it comes to matters such as these, Harry Reid is one very optimistic guy.

As of moments ago: "Senator Reid and Senator McConnell have re-engaged in negotiations and are optimistic that an agreement is within reach,” said Adam Jentleson, Reid’s spokesman."

  • Not to be confused with October 14: "Democratic Majority Leader Harry Reid opened the Senate session by saying he was 'very optimistic we will reach an agreement this week that's reasonable in nature."
  • ... or October 13: "As government shutdown talks shift to Senate, Reid optimistic despite no compromises"
  • ... or October 9: "I am optimistic, even though that is against my nature, that Republicans will not hold the full faith and credit of the United States hostage,” said Senate Majority Leader Harry Reid, a Nevada Democrat."
  • and so forth, and so on...

And sure enough, this was more than sufficient for stawks (in this case manifested by the 1.000 correlated JPY carry trade) which have the attention span of an ADHD vacuum tube on Aderall withdrawal, to forget that absolutely nothing has changed in the past week and that the various parties are now even more polarized than ever and a deal will be that more difficult to pull off, and to soar higher. Oblivious that as long as they keep soaring on "hoap", any real impetus - namely a stock market crash - to get a deal done will not be there.

But such is the market for reactive momo idiots that Bernanke has created.

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ghostfaceinvestah's picture

I hope Ted Cruz + Rand Paul + Mike Lee filibuster anything that comes up for a vote in the Senate.

Say What Again's picture

NQ is spitting distance from the all-time high.  Everything must be fixed.

This POS is going to go epic when they finally make a deal.  5% in one day.

I love this market.

knukles's picture

I remember a classic photo form the Vietnam era of a Buddhist monk immolating himself in protest

Now Harry, that's optimism.

Follow in the steps of the well trod path of enlightenment....

knukles's picture

Well well well...

Looks like the trolls have been sent out in force tonight just in front of the demise of shit city...

Same as the severe intervention in the Gold and Silver markets.
Can't have them rallying in the face of Armageddon now, can we?

Say What Again's picture

They say that the market does not like uncertainty.

Things are uncertain.

The market is near all-time highs.

This thing should rip over 10% in a few days, once they finally stop their little bickering.

SunRise's picture

or burst into tatters on the news

Zer0head's picture

circa 1979



The affidavit also revealed that some of the reputed mobsters felt they had control over at least one top Nevada official. Harry Reid, chairman of the Nevada Gaming Commission, has said federal authorities felt he was the "Mr. Clean" referred to in wiretapped conversations, But Reid has denied any connection to organized crime. http://news.google.com/newspapers?id=wEIrAAAAIBAJ&sjid=h54FAAAAIBAJ&pg=5...

James-Morrison's picture

Harry is always optomistic that he can "make an offer that you can't refuse".

(it helps to know low-life in high-places).

max2205's picture

Wow what a rip...over 1700 again...ha ha...reminds me of Greece debt crisis market.....up up up

Zer0head's picture

and cost of Greek debt

down down down


meanwhile the notion that sheep and greek go together wiith ECB, IMF, EC in kind of a threesomish, foursomish je ne sais quoi seems to have some wool to it

johngaltfla's picture

To quote an old friend of mine:


"Crack don't smoke itself"


Reid defines that.

DeadFred's picture

You're not giving him a fair chance. Every profession has its code words. For a recruiter "Projects a corporate image" translates to 'caucasian with blue eyes'. In real estate "quaint cottage" means 'old shack in disrepair'. For a politician like Harry "Optimistic" equals 'We're so screwed'

GeezerGeek's picture

For Harry Reid, optimism results from decades of never being held to account for ceaseless lies, prevarications and underhanded dealings. Just once I'd like to see some reporter put Reid on the spot. That, of course, is as likely to happen as Boehner growing a set and throwing Obama's words right back at him about raising the debt limit indicatiog a failure of leadership.


LetThemEatRand's picture

"I hope Ted Cruz + Rand Paul + Mike Lee filibuster anything that comes up for a vote in the Senate."

Here's the wager.  If they do, we know they are the real McCoy and I stop calling out Rand Paul as a corporatist.  I haven't slammed Cruz or Lee yet but probably will in the future unless they filibuster.  If they don't, we get to lump them in with the rest of the fuckers and I get to do a victory lap and burn out the tires and drink champagne from a shoe or something.  Any takers?

fonzannoon's picture

I just think both parties will take turns holding this up for a while. This whole thing is being done to give the free shit army a glimpse at the abyss. Government assistance programs will be temporarily shut off. The want people screaming for big brother to turn the lights back on. So while i believe it's possible Cruz etc may fliibuster or whatever, it's not because they are the real anything. They are just another pawn playing their role. 

During this experiment gold will fall, treasuries will rally and stocks will just hang out, bored, waiting for the next move up. 


LetThemEatRand's picture

Yeah, I suppose I should caveat my bet with "if they drag it out for a meaningful period of time that is well into next year", but what the hell.  I don't even think they have the balls to fillibuster for show this month.  Doing so may actually cause some grassroots support which is the last thing the Banker Party wants.

fonzannoon's picture

Yeah agreed. Or there would have to be other parameters. For example a 25% drop in stocks, or a sharp move higher in bond yields coupled with an announcement from China that they are exiting UST's; (although I think the fed would not sweat over it) or a substanial move higher ( I'm talking $500, not some $7 move that we claim is soaring) in gold. Something that would not fit the narrative of the U.S is awesome despite it's troubles.

 - I take it all back LTER it looks like this time they are very concerned.


double edit - I see some people have not fell far enough down the rabbit hole. Speak up. Let's hear it.

LetThemEatRand's picture

hehehehe.  He said "smear campaign."

NoDebt's picture

I have dry powder since July (as I've said on here many times before).  I'm itching to use it.  But I'm not getting jumpy.  Patience.  The longer this goes past the 17th, the better.

GeezerGeek's picture

Country Club Republicans would rather lose an election to a Democrat than win one with a conservative candidate.

krispkritter's picture

Have to agree with you on this.  However, should they screw it up and miss a 'Stop' sign, the resulting crash could start something they cannot control adequately without extreme measures. Those measures in themselves could bring about changes they aren't prepared for...

El Vaquero's picture

Cruz's wife is a squid bankstress.  He has a whole lot of work to do to get me to trust that he hasn't been or won't be coopted by the bankers. 

j0nx's picture

Amen brother. She is former JPM and currently with the squid. This guy is tonsils deep in bankster cock regardless of what you choose to believe. The squid owns everything bitches. Best get used to it. I'd love to believe he's the real deal but anything that Jamie and Lloyd have touched is tainted goods.

knukles's picture

Talk about the flow of insdie information.

Holy Shit

AlamoJack's picture

Roger that Cowboy.  Cruz is "just too, too perfect" to be all you want him to be (and the Republican party wants him to be.)  The people here in Texas are all gaga over him.  I've voted for 100's if not 1000's of Republicans since 1970 (no, NOT Tricky Dik).  See where it got me?  The only Repub that I don't regret is RP.  Truth teller extroadinaire.

Burma Shave

goldenbuddha454's picture

Are you still going to do that thing you talked about if we default?

LetThemEatRand's picture

I've been buttering my asshole all week.  Tomorrow I'm going to squat in a bowl of gin.

goldenbuddha454's picture

I'm cryin, I'm tearin up, I just spit coffee across the room!

goldenbuddha454's picture

I think you said, 'I will eat my own ... if we default'?

A Lunatic's picture

I hope a twenty thousand pound, rabid, shit eating dog gobbles up Washington D.C. and everyone in it. If you're going to hope, hope big, Bitchez..........

RaceToTheBottom's picture

That would produce one helluva dog shit....

A Lunatic's picture

Shovel ready jobs. For realz this time......

LetThemEatRand's picture

If the First dog shits on Air Force One and no one is around to smell it (because they are golfing or blowing a banker or arming Al Queda), does it make a smell?

El Vaquero's picture

Probably not, because it cannot overpower the putrid stench of corruption left by Obama.

Buck Johnson's picture

To be honest with you I hope one of them do Filibuster in the senate. Our system is screwed up, we need to show the world what the US truly is like.

williambanzai7's picture


"I agree we need some help-but the BRos always wins!"

Dick Fuld

thismarketisrigged's picture



just fucking laugh. from - 15 dow pts to up 70 and prob only going higher on the same bullshit that has been said the past week.


its like the market rallys on the same bullshit rumors that are false time after time.


just in time for asia to be green tonight on this shit

knukles's picture

Well, at least thismarketisntrigged...

(maniacial laughter)

ArisAron's picture

Fuck you Hairy Dweeb.

emsolý's picture

At least he's not 100% confident he can get it done in 15 minutes...

JFKFC's picture

29 hours until Apple has 5x moar cash on hand than Uncle Sam.

knukles's picture


dude, dont give Creamer any more ideas...

fonzannoon's picture

I went ahead and junked you and Jim in MN because somehow you escaped the drive by junker and I did not want you to feel left out.

knukles's picture

Fonz, you know how sensitive, fragile and insecure I am...

tearing up

I was beginning to feel nobody paid me any attention anymore.
My savior


Jesus H F Christ, they're rally banging away tonight.
Post something and 30 seconds later they're all over it.

Buncha rabid mongrel dogs...

fonzannoon's picture

Yes they are of the quiet pussy variety too. No ballsack on this red arrow crowd.

El Vaquero's picture

Sounds about right.  I got my first junk tonight.  It made feel all warm and fuzzy inside, and I haven't even cracked into the beer or scotch tonight.

LetThemEatRand's picture

I was going to say "it's a free country," but then I remembered it isn't any longer.