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Head Of World's Largest Asset Manager Says Taper "Imperative" To End "Bubble-Like Markets"

Tyler Durden's picture




 

JPMorgan, Pimco, and now BlackRock, the world's largest asset manager, all join the bubble warning chorus. From Bloomberg:

  • FINK SAYS IT'S "IMPERATIVE" THAT THE FED BEGIN TO TAPER
  • FINK CALLS MARKET `OVER-ZEALOUS' 
  • FINK SAYS THERE ARE "REAL BUBBLE-LIKE MARKETS AGAIN"

So... when the three largest banks/asset managers in the US say that Ben Bernanke has blown the largest asset bubble in history and that the time to taper has come, will Janet Yellen once again turn a blind ear to warnings that come not just from the "tinfoil" blogosphere but the "respected" legacy financial institutions made up of serious people, and after the cataclysm admit that, just like last time, she "never saw it coming?"

 

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Tue, 10/29/2013 - 11:57 | 4101584 FieldingMellish
FieldingMellish's picture

The Fed will never taper, quite the opposite. All hail Mr. Yellen.

Tue, 10/29/2013 - 12:02 | 4101600 Zer0head
Zer0head's picture

Fink's the name

fucking you is the game

 

(never forget that)

Tue, 10/29/2013 - 12:10 | 4101636 DoChenRollingBearing
DoChenRollingBearing's picture

Yes, somewhere in his remarks you know the Fink is talking his (big) book.  Beware.

Tue, 10/29/2013 - 12:22 | 4101688 King_of_simpletons
King_of_simpletons's picture

Yellen has not even started her tenure.... why all the hate for the nascent bull market ?  We are just getting started.

Tue, 10/29/2013 - 12:28 | 4101711 Say What Again
Say What Again's picture

Taper?  Now that's funny!

ES is up (again) 0.30% mid day on no news, and well on the way to another all-time high.

Why would we want them to taper?  What's the harm in a little extra fiat floating around for the corporations and politicians to play with?

Tue, 10/29/2013 - 12:36 | 4101758 Kaiser Sousa
Kaiser Sousa's picture

And of course all this explains perfectly the rise yet again n the Dow & S&P and the take downs n the phony paper prices n the only 2 forms of real money.....AGAIN!!!

Tue, 10/29/2013 - 12:37 | 4101769 Vampyroteuthis ...
Vampyroteuthis infernalis's picture

The END will come. How will we have the end? Taper now and we face an enormous crisis of undermined size. No taper will guarantee a crisis to end any potential future for our society. Pick your poison.

Tue, 10/29/2013 - 12:43 | 4101790 silverserfer
silverserfer's picture

either way the poor wil still be poor

Tue, 10/29/2013 - 12:50 | 4101818 TruthInSunshine
TruthInSunshine's picture

Next QE monthly dosage under BernYellen: 170 billion USD

If 85 billion USD monthly in Bernankbux is good, 2x that under Mrs. Debtfire is MOAR BETTER-ER!

Tue, 10/29/2013 - 13:27 | 4102004 Colonel Klink
Colonel Klink's picture

Fink is a cunt and just another enemy of the American people.  He'll jet off to his second passport issuer when things go south here.

Tue, 10/29/2013 - 13:49 | 4102097 Divided States ...
Divided States of America's picture

There is no FuCKIN way I will listen to that MotherFuCKIN FINKster....I met this FuCKer courtesy of working in his son's so called hedge fund and this guy, like most zionists fucks on Wall Street cannot be trusted.

Tue, 10/29/2013 - 12:30 | 4101727 Skin666
Skin666's picture

Or that it's so fucking obvious that the FED has blown a massive bubble yet again, that it can no longer be ignored even by the politically connected elites...

 

Maybe they're all getting into the "Peter Schiff was right" bandwagon, when this clusterfuck explodes...

 

Things are so bad, they cannot be ignored much longer...

Tue, 10/29/2013 - 12:33 | 4101743 zapdude
zapdude's picture

For honor and for riches

I've labored long and hard for the bread

but on my corns too long you tread

you fine haired sons of B!TCHEZZZZ! -- Black Bart (reknowned for robbing Wells Fargo stagecoaches)

Tue, 10/29/2013 - 12:03 | 4101611 Rainman
Rainman's picture

At least these made guys can point to their public warnings before they rip the faces off the muppets ! Clever.

Tue, 10/29/2013 - 12:07 | 4101625 prains
prains's picture

There's NO fucking Taper on the Extreme Ponzi Makeover Show !!!!! Never Not Evaaaaaaaaaaaaaaaa.........

 

BLitchez!

Tue, 10/29/2013 - 12:13 | 4101654 HungryPorkChop
HungryPorkChop's picture

Tapering, yeah right?!  I'll believe it when I see it along with Unicorns, Fairies and Pixie Dust. 

Tue, 10/29/2013 - 12:17 | 4101666 Sudden Debt
Sudden Debt's picture

AND WHY SHOULD THEY?!!

THE WEALTH DIDN'T TRICKLE DOWN YET!!!

MOAR MONEY!!! MAKE IT RAIN!!! FLOOD IT ALL!!!

MAKE EVERYBODY A MILLIONAIRE!

Tue, 10/29/2013 - 12:47 | 4101803 DoChenRollingBearing
DoChenRollingBearing's picture

Well, yes!

But, can I take my place in line ahead of you?

Tue, 10/29/2013 - 11:58 | 4101588 One And Only
One And Only's picture

We need more QE to maintain the welfare mentality that has permeated through society; corporate, common, and otherwise. Forward citizens.

Tue, 10/29/2013 - 11:58 | 4101589 fooshorter
fooshorter's picture

But But But aren't they the FED shareholders!??! GASP! Finally they are letting the lowly peons knows what the high masters are thinking.

/sarc. or should i say /serf

Tue, 10/29/2013 - 11:59 | 4101591 kliguy38
kliguy38's picture

NOW ya tell me

Tue, 10/29/2013 - 12:00 | 4101594 Mrmojorisin515
Mrmojorisin515's picture

So... when the three largest banks/asset managers in the US say that Ben Bernanke has blown the largest asset bubble in history and that the time to taper has come, will Janet Yellen once again turn a blind ear to warnings that come not just from the blogosphere but the respected legacy financial institutions, and afterward admit that, just like last time, she "never saw it coming?"

 

remind me again who calls the shots at the fed?  Cause i'm pretty damn sure it ain't bernake or yellen 

Tue, 10/29/2013 - 12:05 | 4101616 NOTaREALmerican
NOTaREALmerican's picture

Re:  Cause i'm pretty damn sure it ain't bernake or yellen 

 

There's only two choices (?)

1)  Ben and Jannet (and Alan) are tools of the masterminds of a world-wide conspiracy.
2)  Economics is just another religion with duplicitous sociopaths and true-believing dumbasses, like every other religion that has ever existed.

Tue, 10/29/2013 - 12:11 | 4101642 john39
john39's picture

this game has been played too many times for no. 2 to be correct....

Tue, 10/29/2013 - 12:14 | 4101658 NOTaREALmerican
NOTaREALmerican's picture

Re:  this game has been played too many times for no. 2 to be correct....

Somebody famous said:  There's a sucker born every minute.   That's what religion is for, to create bullshit for the dumbasses while the smart-n-savvy live their duplicitous lives and eat the dumbasses alive.   It's call survival of the fittest.

Tue, 10/29/2013 - 12:26 | 4101703 john39
john39's picture

its all a matter of perspective...  if you believe this existence is nothing more than material in nature, why not...  but if you think there is something a little more complicated going on behind the scenes, then focus exclusively on the material could have rather bad consequences.  sadly, no easy answers.  choose wisely.

Tue, 10/29/2013 - 12:44 | 4101771 robertocarlos
robertocarlos's picture

Will the real G-d please stand up.

Tue, 10/29/2013 - 12:50 | 4101816 XAU XAG
XAU XAG's picture

It's call survival of the fattest!

Fattest merchant bankers.

 

Fixed it for you

 

 

Tue, 10/29/2013 - 12:19 | 4101682 Mrmojorisin515
Mrmojorisin515's picture

nah dude, its door number 3.  The banks own the central banks, which the fed is the most powerful at the moment. 

Tue, 10/29/2013 - 12:38 | 4101766 Mrmojorisin515
Mrmojorisin515's picture

It must not be felt that these heads of the world's chief central banks were themselves 

substantive powers in world finance. They were not. Rather, they were the technicians 

and agents of the dominant investment bankers of their own countries, who had raised 

them up and were perfectly capable of throwing them down. The substantive financial 

powers of the world were in the hands of these investment bankers (also called 

"international" or "merchant" bankers) who remained largely behind the scenes in their 

own unincorporated private banks. These formed a system of international cooperation 

and national dominance which was more private, more powerful, and more secret than 

that of their agents in the central banks. This dominance of investment bankers was based 

on their control over the flows of credit and investment funds in their own countries and 

throughout the world. They could dominate the financial and industrial systems of their 

own countries by their influence over the flow of current funds through bank loans, the 

discount rate, and the re-discounting of commercial debts; they could dominate 

governments by their control over current government loans and the play of the 

international exchanges. Almost all of this power was exercised by the personal influence 

and prestige of men who had demonstrated their ability in the past to bring off successful 

financial coupe, to keep their word, to remain cool in a crisis, and to share their winning 

opportunities with their associates. In this system the Rothschilds had been preeminent 

during much of the nineteenth century, but, at the end of that century, they were being 

replaced by J. P. Morgan whose central office was in New York, although it was always 

operated as if it were in London (where it had, indeed, originated as George Peabody and 

Company in 1838). Old J. P. Morgan died in 1913, but was succeeded by his son of the 

same name (who had been trained in the London branch until 1901), while the chief 

decisions in the firm were increasingly made by Thomas W. Lamont after 1924. But 

these relationships can be described better on a national basis later. At the present stage 

we must follow the efforts of the central bankers to compel the world to return to the gold 

standard of 1914 in the postwar conditions following 1918. 

Tue, 10/29/2013 - 12:49 | 4101813 yofish
yofish's picture

At least you could take the time to reformat a cut-and-paste.

Tue, 10/29/2013 - 14:55 | 4102380 StandardDeviant
StandardDeviant's picture

And to give an attribution.  Credit where it's due, else it's plagiarism.

Tue, 10/29/2013 - 15:45 | 4102570 Mrmojorisin515
Mrmojorisin515's picture

read a book

Tue, 10/29/2013 - 13:04 | 4101897 NOTaREALmerican
NOTaREALmerican's picture

Re: dominant investment bankers

Yes indeed,  I forgot about door #3.   The "dominant alpha male assholes".  

Humans:  the least stupid animal on the planet.  

Tue, 10/29/2013 - 12:00 | 4101596 StacksOnStacks
StacksOnStacks's picture

Peak peaks?

Tue, 10/29/2013 - 12:54 | 4101835 XAU XAG
XAU XAG's picture

Twin peaks!

Tue, 10/29/2013 - 12:00 | 4101599 NOTaREALmerican
NOTaREALmerican's picture

All REAL economists know that there is no such thing as a bubble because all participants in the markets are rational actors and all the information is known.

It is so written, so must be true, Amen!

Tue, 10/29/2013 - 12:03 | 4101601 OwnSilverPlayMusic
OwnSilverPlayMusic's picture

I'm no psychic, but I think I can safely predict that when the SHTF, CNBC will claim No ONE saw this coming.  They really should have Shiff on again, so they can laugh at him.

Tue, 10/29/2013 - 12:01 | 4101605 Tsar Pointless
Tsar Pointless's picture

What?

Tue, 10/29/2013 - 12:02 | 4101606 Dr. Engali
Dr. Engali's picture

Yeah go ahead and taper Ben...I dare you.

Tue, 10/29/2013 - 12:02 | 4101607 Seasmoke
Seasmoke's picture

Did Kito post this thread ?

Tue, 10/29/2013 - 12:08 | 4101630 Dr. Engali
Dr. Engali's picture

Yeah he's worried about losing another sandwich.

Tue, 10/29/2013 - 12:09 | 4101637 kito
kito's picture

aheemmmm doc, we havent finalized the deal!!!

taper coming!!!!! almost there!!!!!

 

Tue, 10/29/2013 - 12:15 | 4101653 DoChenRollingBearing
DoChenRollingBearing's picture

<--- QE to 4evah, "taper, que es eso"?

<--- Crash the economy (taper), fishez!

 

Place your bets!

Tue, 10/29/2013 - 12:28 | 4101710 Grande Tetons
Grande Tetons's picture

Kito might be on the right track.  

i will play the FX market tomorrow with a long USD/short Gold in mind.  

Tue, 10/29/2013 - 12:44 | 4101773 Yen Cross
Yen Cross's picture

    I like that trade. ;-) Dollar shorts are squaring up in front of the Fed. as we speak.

  http://imageshack.com/scaled/large/21/vaja.png

Tue, 10/29/2013 - 12:55 | 4101844 Grande Tetons
Grande Tetons's picture

You bet.  I have been watching the same thing.   PESO, CAD, POUND....a lot of contenders for tomorrow. 

Tue, 10/29/2013 - 12:19 | 4101681 Dr. Engali
Dr. Engali's picture

I knew I could draw you out. Maybe you didn't see my reponse EKM. I'll post it again:

 

Okay Kito I am a magnanimous and forgiving person :) I will take your bet alteration as it stands. If the Bernank tapers next week I'lll buy you a sandwich, soda,( I'm sorry about your luck with bloomberg I'm not buying two to make up for your lack of big gulps) and a cookie.. If he doesn't then you have to do likewise for me.

Tue, 10/29/2013 - 12:31 | 4101728 kito
kito's picture

HAHA!! ok we are ON!!!!!   taper coming this week. hes going to shock the world. too many people are publicly getting nervous. time for him to shut them up. 

Tue, 10/29/2013 - 12:36 | 4101759 NOTaREALmerican
NOTaREALmerican's picture

Re: hes going to shock the world

WOW!   Ben going out in a blaze of glory.    Everybody panics,   the world is in chaos.    Janet comes in to save the day.   

I like it, I like it.   Good story line,  lots of action.  

Tue, 10/29/2013 - 12:49 | 4101814 DoChenRollingBearing
DoChenRollingBearing's picture

@ kito and Dr. E

Please let us know how lunch went!

 

:)

Tue, 10/29/2013 - 13:58 | 4102091 Law97
Law97's picture

Last week I wouldn't have believed it, except for two developments:  1) Bernank has built up a helluva extra cushion in the markets just in the last couple weeks, so a 10% correction won't hurt that much now, and 2) I finally capitulated and exited my shorts and flipped levered long. 

Tue, 10/29/2013 - 17:26 | 4102840 Landrew
Landrew's picture

After this weeks bond and equity market moves, I believe you are spot on! Profits have been distributed to the retail with 300 billion retail investor dollars on board for the slaughter. The question I have for you when did they (FED) make that decision? I thinking as late as this Monday?   

Tue, 10/29/2013 - 12:03 | 4101609 hugovanderbubble
hugovanderbubble's picture

FINK IN DA HOLE¡

Tue, 10/29/2013 - 12:03 | 4101610 Devotional
Devotional's picture

Oh nooo, oh nooo you don't! You will NOT taper now! I want a full and total collapse that will wake the sheeple up and wipe out some rotten banks and governments in the process.

do NOT taper, I repeat - do NOT taper. We need a proper crash this time o_O

Tue, 10/29/2013 - 12:05 | 4101615 ReturnFreeRisk
ReturnFreeRisk's picture

will Janet Yellen once again turn a blind ear to warnings?

It is incredibly difficult to do the right thing and prevent a bad outcome. Takes integrity and fortitude besides enormous price that you pay. Volcker was an accident of history. Yellen does not have these qualities. She is looking to cure inequality through easy money.

Tue, 10/29/2013 - 12:13 | 4101621 Quinvarius
Quinvarius's picture

Yes.  Lets start the false taper narrative again.  Bring out the low brow clowns to tell us all the banks can stand on their own and government can survive on tax receipts alone in a dpression with interest rates over 15%.  Perhaps, if you were interested in taper, you could get a taste of it by burning down your corporate office. 

So tell me Larry, how do you guys all fit in that car anyway?

Tue, 10/29/2013 - 12:07 | 4101622 rp1
rp1's picture

Is anyone slightly terrified by this?

Tue, 10/29/2013 - 12:11 | 4101643 NOTaREALmerican
NOTaREALmerican's picture

Re:  Is anyone slightly terrified by this?

 

Nothing will happen that hasn't already happened.     The top 10% will be "made whole" is some way, the peasants will get screwed, the dumbasses will blame the Red or Blue Team that they don't worship.    It's part of the American survival-of-the-fittest scam game.  It's been working great for about 200 years now.     It was imported from Europe where it worked great for about 2000 years.    China has been running their game for about 5000 years.  

It's so simple, even a cave man could do it.

Tue, 10/29/2013 - 12:45 | 4101792 DoChenRollingBearing
DoChenRollingBearing's picture

Nice narrative, + 1

Tue, 10/29/2013 - 12:17 | 4101669 Cursive
Cursive's picture

@rp1

We should all be worried that we are part of a largest Ponzi scam ever run.  Even if you have bourbon, bullets, beans and bullion, the golden horde is going to be a bitch to contend with.

Tue, 10/29/2013 - 12:07 | 4101624 Running On Bing...
Running On Bingo Fuel's picture

Long and heavy levered. God blessed me.

Over

Tue, 10/29/2013 - 12:08 | 4101631 Rehab Willie
Rehab Willie's picture

Calamity Janet is our new savior. Now kneel before Yellen.

Tue, 10/29/2013 - 14:49 | 4102367 venturen
venturen's picture

got it wrong Janet is going to be taking over the kneeing from Ben.... Wall Street keeps those FED lacky just where they want them

Tue, 10/29/2013 - 12:10 | 4101639 Sutton
Sutton's picture

Just wait 'til the bitch doubles QE. 

Tue, 10/29/2013 - 12:12 | 4101651 buzzsaw99
buzzsaw99's picture

time to buy moar

all dips to be bought

fink lies

Tue, 10/29/2013 - 12:14 | 4101657 Sudden Debt
Sudden Debt's picture

IF THE MARKET WAS A BITCH I'D LIKE HERE TO BLOW ME!!!

Tue, 10/29/2013 - 12:52 | 4101830 DoChenRollingBearing
DoChenRollingBearing's picture

Well the BITCH IS already screwing you and me...

Tue, 10/29/2013 - 12:14 | 4101659 Cursive
Cursive's picture

Oh, NOW it's a bubble?  Huh, and I thought the bubble was popped in 2008 and we just couldn't have that...BLK must be short or something.

Tue, 10/29/2013 - 12:15 | 4101660 999.9
999.9's picture

Doesn't Pimco get good returns from lowering yields?

Tue, 10/29/2013 - 12:17 | 4101670 Iam Yue2
Iam Yue2's picture

Talking Heads jump on bubble bandwagon.

Tue, 10/29/2013 - 12:19 | 4101674 alangreedspank
alangreedspank's picture

I'd be willing to bet that ZIRP will be a permanent policy very soon. FOMC will be abolished as well.

Tue, 10/29/2013 - 12:31 | 4101733 El Hosel
El Hosel's picture

.... Five years is permanent enough for me.

Tue, 10/29/2013 - 12:18 | 4101677 6th of May
6th of May's picture

1929... there were very very few articles in the papers about bubbly markets... very very few people thought of a bubbly market.

Today...there are so many people who believe in a crash... the neighbor who did not know anything about markets now belive the stock market will crash. The next door metal worker, who asked himself...if the market is going to crash. The salesman in the local market is concerned...

 

I don't really know but... To me it seems that too many people are aware of this problem.

It is said that...if the average person want's to sell the market... the trader should buy.

 

What's with your community?? Do people think the same way as here?

Tue, 10/29/2013 - 12:27 | 4101709 NOTaREALmerican
NOTaREALmerican's picture

Re What's with your community?? Do people think the same way as here?

Most people here pray (even the athiests) for the market to crash and then watching the Righteous Sword of Libertarian Justice slay all the speculators (unless they are speculating in gold).

Re:  To me it seems that too many people are aware of this problem.

Yes,  the market can't crash until everyone knows it's never going to crash (unless the Hindenburg Omen poops out a black swan).

Tue, 10/29/2013 - 12:53 | 4101834 Zer0head
Zer0head's picture

1929

 

actually here are some articles from 1928

http://news.google.com/newspapers?id=TG8tAAAAIBAJ&sjid=KIwFAAAAIBAJ&pg=6...

Tue, 10/29/2013 - 12:29 | 4101718 adr
adr's picture

People don't care about the market around me. Barely anyone has anything invested in it. Everyone is too busy trying to keep their jobs and figure out how to sell their home with values dropping back to 1980s levels.

They want the market to crash so they can the rich fucks that destroyed the economy crying outside their $25 million mansion that's worth $100k when there isn't anyone left that can afford to buy it.

People in my town are about ready to string up the mayor because he has a $60k allowance per year for a car and chauffeur. So the city leases a car for the mayor and pays somebody to drive him around, it's been that way for the last 100 years in my town. Apparently nobody knew that. The guy running against him is an absolute socialist that is going to add massive amounts of public sector debt, but people are pissed that the mayor gets a car. The socialist is running completely on getting rid of the mayor's car, which he will probably keep when he wins.

Tue, 10/29/2013 - 12:37 | 4101767 jtz5
jtz5's picture

I think more people are saying "BTFD", the Fed has our back.

Tue, 10/29/2013 - 12:19 | 4101679 Quinvarius
Quinvarius's picture

Embrace the horror.  The only thing worse than the volatility this hyperinflation is creating will be the volatility the next hyperinflation creates.  You can give a banker 4 trillions dollars, but you can predict how he will bet it.

Tue, 10/29/2013 - 12:19 | 4101680 adr
adr's picture

The large asset managers would rather lose half their QE fueled gains than lose 100% of their gains. They hope the Fed can create a slow withdrawal and controlled stock market devaluation allowing the big asset managers to transfer as much as they can to the bagholders, preserving as much wealth as they can.

If Yellen continues QE inifnity2, the risk is another spectacular collapse that unfolds faster than any other in history and wipes out 1% wealth before it can be booked as realized gains.

These guys know the real numbers. They know millions of cars have been sold to people that can't afford them. They know real home prices outside the bubble markets are still falling, and that Obamacare is going to decimate disposable income.

All of this was readily apparent last year at this time. The epic one year rally in stocks was a suckers rally to finally bring in retail investors. Nothing like a 500% YTD return to sucker in a retail investor thinking they'll see the same in 2014.

iChan isn't stupid. He liquidated his Netflix position for a reason. He's trying to get Apple to buy back all his shares for a reason.

Tue, 10/29/2013 - 12:24 | 4101696 El Hosel
El Hosel's picture

Fink caught with his longs down...Apparently. Come on Fink, step right up and and buy the all time highs its different this time.

Tue, 10/29/2013 - 12:32 | 4101736 buzzsaw99
buzzsaw99's picture

Fink isn't selling anything. He just wants to trick everyone else into selling.

Tue, 10/29/2013 - 12:23 | 4101692 Dr. Engali
Dr. Engali's picture

Nice. Nasdark is broken again.

Tue, 10/29/2013 - 12:39 | 4101772 El Hosel
El Hosel's picture

.... Its only a glitch. Good thing too, that frozen Nasdaq future was so creepy - like it stopped going up or something.

Tue, 10/29/2013 - 12:26 | 4101706 Zer0head
Zer0head's picture

dealbook.nytimes.com/2011/06/06/dealbook-portraits-laurence-d-fink/?

Tue, 10/29/2013 - 12:30 | 4101725 yellowsub
yellowsub's picture

So after you made all that money you're warning to keep it of value?

Tue, 10/29/2013 - 12:35 | 4101757 El Hosel
El Hosel's picture

SPY pushing towards up 100 in two weeks... See Oct 14, SPY 1680

  Rhino Horn Blow Off, 

Tue, 10/29/2013 - 12:32 | 4101735 max2205
max2205's picture

If you're up 300%, wouldn't you want the market to cool off....after you quietly dumped your longs.

Tue, 10/29/2013 - 12:32 | 4101744 yogibear
yogibear's picture

Taper??? Expect greater and greater amounts of QE. It's why Bernanke is leaving.

Bernanke's son has over $400,000 of school debt. It's why he told his son to borrow as much as he could to become a physician. His son will pay back his loan with toilet paper.

Tue, 10/29/2013 - 12:33 | 4101747 Archetype
Archetype's picture

It´s all about inducing fear and keep the market coming back for hedges/shorts to squeeze after new bullshit information is released (FOMC-minutes). The FED will comunicate nothing and everything at the same time as usual to keep the muppets confused. As long as they keep warning and talking about how screwed up things are the market will keep on ramping time after time. 

Tue, 10/29/2013 - 12:33 | 4101748 robertocarlos
robertocarlos's picture

"We can't stop! We have to slow down first!".

Tue, 10/29/2013 - 12:36 | 4101760 Scalaris
Scalaris's picture

Why is this heathen trying to steal my Fed money?

I'm switching to CNBC for a balanced view on the subject.

Tue, 10/29/2013 - 12:39 | 4101770 Manthong
Manthong's picture

Bubbles don’t end..

They pop.

Tue, 10/29/2013 - 12:40 | 4101777 orangegeek
orangegeek's picture

Reads like these cocksuckers are sold out and positioned short.

 

Call the Fed and tell them to shut down the printers.

 

Time to put a ball in the mouths of the bag holders, bend them over and fuck them bad.

Tue, 10/29/2013 - 14:14 | 4102211 Law97
Law97's picture

Dream on.  Reads like they want a dip so they can buy moar.

Tue, 10/29/2013 - 12:40 | 4101778 earleflorida
earleflorida's picture

Bill and Larry like to make money for their clientele, not so sure about Morgan, but 'JP' has clout/ connections with right people.

No more wars... spending trillions (min. $3tn/ jmo?), and a reset in the $PetroDollar would be nice if China would like a $YuanPetro? Let them deal with the Muslims! Ask Myanmar how that's working out with the genocide by the Buddhist(?)...  and China's Dali Lama-- Mr Budda himself, incarnate? Other than Syria, Iran, Iraq, China would have a ball dealing with 'Cultural Disputes' in which they say 'No Mas'!

Lots of $$$PetroDollars to be made in Iraq, Iran, and Syria (rebuilding entire infrastructure)! Right now Russia has contracts for billions of Iranium $$$'s to build Nuclear Power bringing the country into the 21st century, as will Iraq follow if we fianally agree to Iran's 20% HEU for Medical and Agriculural purposes signed and sealed by a NPT/ Additionl Agreement via the IAEA and drop the fucking sanctions, period!

Think of the money America could make in bringing Iran, Iraq, and Syria into the 21st century. This money will bolster our treasury increasing our GDP--- and it works both ways? Surprise!

So what does this have to do with, 'The STOP`Tapering Gambit? NO Wars, Work with Iran/Iraq/ Syria, export our excess crude, and more R&D on E/V Auto's while building out the fuel`line infrastructure for FlexFuel vehicles and Hybrids (battery technology) and our fuel consumption should drop by 20-30% in 5years max. Ten years ago you got 15-25 mpg,... today you get 35-45mpg.--- 5 years from now once hybrids and E/V's are ubiquitous america will be totally energy independent. Think of the money we save as a country...? No more importing, but exporting, while we watch the jobs created by this technology takeoff!!!

Fuck the FRB System, I'm for Bill, Larry, and Curly... the Jamie Morgan Diamond?  Time to take our medicine... swollow hard?

jmo 

Tue, 10/29/2013 - 12:46 | 4101797 smartstrike
smartstrike's picture

The best market cycle analyst, Martin Armstrong, is looking for DOW 21,000 before 2016.

Tue, 10/29/2013 - 12:53 | 4101829 Running On Bing...
Running On Bingo Fuel's picture

It's insanity but he will be confirmed when Yellen ranps QE.

Over.

Tue, 10/29/2013 - 12:54 | 4101839 Element
Element's picture

It's been 10 months since the BIS issued is last global warning saying things were getting all 2008-bubbly again. And who did they say was doing it? Oh, just the Central Banks. Somehow derBanke's market gurus didn't even notice.

Tue, 10/29/2013 - 12:59 | 4101867 DOGGONE
DOGGONE's picture

Show this, it is decisive
http://patrick.net/forum/?p=1230886

Tue, 10/29/2013 - 13:36 | 4102045 vote_libertaria...
vote_libertarian_party's picture

So the question is, do the 3 biggest money managers now have their massive shorts in place and are ready to cash in, or, they shorted way too early and are getting killed and thus need a stick save down?

 

 

They sure aren't warning us out of the kindness of their heart.

Tue, 10/29/2013 - 14:12 | 4102204 SDRII
SDRII's picture

Fink was Go Go Geithner's #1 Go to.

Fink was persistent that quities would rally since early 2012

Fink controls the largest ETF complex in Ishares, critical via rebalance to walk core constituents higher

So if Fink is warning the ishares complex must be about to explode.

 

 

Tue, 10/29/2013 - 14:20 | 4102243 spekulatn
spekulatn's picture

"Is no big deal", bitchez.

 

Pass it down.

 

8-)

Tue, 10/29/2013 - 14:46 | 4102354 venturen
venturen's picture

Genie Yellen  won't ge back in the bottle! Dow 20 million!

Tue, 10/29/2013 - 19:28 | 4103130 Hedge Fund of One
Hedge Fund of One's picture

"They don't know what they're talking about." - Bernanke, Yellen, et al.

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