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Barron's On The Crash? - "This Time It's Different"
This time is never different.... unless, of course, one acknowledges apriori that "this time is different" thus making this time, er, different? At least that is the logic according to the latest headline-grabbing edition of Barron's which observes that with the Nasdaq approaching 5000 again, "fears have been raised about the possibility of yet another market collapse." But fear not, because "this time it's different"...
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it's all rigged. what's there to discuss?
thank God! if barron's says it's true, it definitely is not. can't think of a more useless fucking lapdog bizmag than barrons. am very pleased to be able to depend on barrons to be full-fucking-wrong.
Doesn't Barrons sound like the last bear capitulating? This will be one of those headlines they trot out to show how far the masses believed, how everyone was convinced, just before the wheels came off.
CCI vs SPX divergence
http://bullandbearmash.com/cci-shows-crb-deflation-message-clear-central...
Commodities deflation while markets rocketing - central banks can't keep stuffing 200 pounds of shit in a 100 pounds bag forever
Barron's is actually right. This time it is different. Algos will be trading between each other even after the WWIII. Those fat green candles will be rising up and up and up somewhere inside the Iron Mountain.
The front page talks of .com and comparing it to Twitter and a few others this time around, then saying it is fundamentally different this time. Apparently there is no .com bubble this time, which would be fundamentally different, but what does that have to do with a crash this time around? The 1929 crash wasn't about .com, nor was the 1987 crash. The Nikkei crash was not about .com, either.
It is never different this time. At best, people may be worrying too early about the next crash.
This time is different. It's software stupid. BTFD
If Barron's is running Crash headlines, you know the opposite will happen. Expect the S&P to double from its current levels by election day, 2016.
I used to subscribe to and religiously read both Barron's and the WSJ until Murdoch ruined them. Now worthless.
Exactly right. When they screwed Alan Abelson I knew their credibillty was gone. I think that was around 2004.
wow... is that really a hook to pull in ZH readers Barron's?
There is now a lawsuit pending for your plagiarizing one of Mr. Durden'(ses) famous tag lines.
"we plagiarized some ZH folks stuff"
The circle jerk of delusions continues. The stock/bond/derivatives markets are completely divorced from economic fundamentals. Central banks compete to drive down currencies in a race to the bottom, seeking export competitiveness, while pumping out QE to keep us from realizing that our economies have stopped producing enough wealth to survive. The Fed/Wall Street machine uses cheap fiat currency to buy up everything in sight and pump indexes ever higher, while economic fundamentals become ever more anemic. Precious metals prices are pushed ever lower by paper shorts. Main Street withers, kept alive by social programs run on increasing government debt. The middle class is hollowed out and moving to trailer parks, tent cities are expanding. The 1% continue to pile up chips. Governments roll over debt and accrued interest by adding more debt. Debt and unfunded liabilities are already far higher than can ever be paid off, and carrying costs would be insurmountable if interest rates rose above zero. Crashing commodity prices and fears of downturns elsewhere have led to a rush of money back into the US Dollar and US markets, pushing up the USD, and hurting US exporters more. The US trade deficit climbs.
But have no fear, the Fed can always issue more fiat to cover costs. But what is fiat worth? No one seems to be able or willing to challenge the fiat system effectively. As long as every other nation is issuing fiat, and exchange rates do not change radically, perhaps the game can go on.
I see more fiat into Wall Street into manipulated markets into more profits for the 1% into more real assets to the 1% into more wealth inequality, until the 1% become our Feudal Lords and Masters owning all real assets and productive capacity and we the 99% are mere Tax-Paying Serfs working for whatever crumbs the Lords and Masters let fall off their tables. Then the fiat can all go up in smoke and it won't matter to the 1%. In the meantime, the speculative "investors" among the 99% can go on thinking that they are gaining wealth by increasing their pile of fiat which is being inflated out from under them.
The currency will crash not the stocks.
No it is the same all over again. Except this time it is even more unbelievable to believe than last time. What was that post the other day about history repeating itself?
whats a crash? The stock market valuation, is a metric, that has lost all meaning in real accounting. I think the arguement could be made that the world has already crashed. The market is the only thing that hasnt.
The end will be when they cant prop up the zombie banks any longer (and that could be a ways off). They will feed the plebes some tender vitals on the way down. I can see 2% on a 30 year mortgage in the not distant future, by the end of next year perhaps. They will likely have to give 1.5x loan to value, but folks will take it.
Actually, this time it really IS different!
This time it's much, much worse and we are ALL going to burn in hell, financial collapse hell that is, with all that that implies.
This time is different since all the bears have been rounded up and summarily executed.
This time it is different, we're already soaking in it.
OK, the stupid Twitter stocks may not be different.
Does it really matter that much if the stock market is over-valued by 500% or 1000%? Either way we are grossly over-valued. Doe it have to go down? Clearly not, but mean reverion suggests that eventually it will, and the more it rises before then , the more it will have to come down to hit a median valuation.
IMF head Christine Lagarde:
IMF May Move From D.C. to Beijing, Chief Says
They're just adjusting to the funding model (a lil bit ahead of time).
All my money is invested in Guinea Pigs and Gold.
do Guinea Pigs really taste good?
CNBC all day Friday kept reiterating that the US is in full recovery mode and that the stock market will chug upwards through at least 2017. Whaa?? You don't trust every word that you hear on CNBC?
As good as it gets... Bitchez
only banks to get access to credit will be those with gold colateral.
even the red Barron got his arse shot out in the end.....and it was a black swan ground troop that did it..
Read the actual article. It starts by saying that the public markets are not overpriced, then the rest of the article describes how the private equity markets are completely overpriced. Terrible article. Poorly written it was like a bait and switch.
Let it crash, who cares? Life is not about the stock market or coin.
Maybe a trip back to reality will adjust people's attitudes to what is important in life and wall street and dc are not on my list of necessities.
And if it crashes and people lose 'life savings', it does mean they will die. There is always another day.
>>>Let it crash, who cares? Life is not about the stock market or coin.
My "personal financial software" cashed last December. I haven't (yet) replaced it, but somehow life is as good or better without an up-to-the-minute display of my purported "net worth".
My worth, and yours too I hope, has very little to do with "dollars".
More likely the Black Swan will shit all over us as it flies on its way summers else.
Fuck Barrons
These were the same motherfuckers that - in 2000 and 2001, lured investors in with their asinine Group of Douches saying full speed ahead on the stock market...Abby Joe Cohen and the rest of the Gabelli jag offs....These cunts revise their own history....
Yo fuckers....dig up those 2000/2001 covers.....you dicks
Again I say....FUCK Barrons
Spot on. Remember it well.
Barron's is the go-to tout rag of the Wall Street elite. Always has been.
Barron's is the same as Readers Digest, nothing else.
this time its different the fed's butthole really itches!
How does it crash with the central bank always a buyer with free, freshly printed money? You know who not to fight.
Crash is such an ugly word.
I think the problems might start when someone somewhere hands over dollars and the seller says, "Nope. What else do you got?"
"Crash is such an ugly word."
How about Time-limited scope-limited kinetic decrease*?
*Kenyan approved.
Well it looks like Putin has cut a deal with the Ukraine, the Saudies and the US. Better go long oil! I sence that Putin is throwing in the towel. He cares to much about how he is viewed by other international leaders and he knows that his country is on a path leading to default within say a 6 to8 month time frame, if not sooner. He will emerge as the one who makes the deal work.
Go back to the cavemen and discover why 'this time is never different'. The answer is that greed always exceeds good. While there can be an occassional leader or act that temporarily holds it back, greed is the motivator for nearly everyone. Whether it is for a bigger cave, a drier cave, or a cave closer to water. Or for more mastadon fur robes. Or a sharper stone ax. Greed will lead you to start wars, steal, gamble, commit crimes, or lie. And today, greed has led to the enactment of laws that are created (and often paid for) for the benefit of smaller groups or individuals - rather than for the good of all. Greed will lead individuals to make poor decisions, and that is an absolute when it comes to the stock market - which today is just a casino filled with over-leveraged, front-run, and manipulated bets.
That greed is why you're not sitting in a cave and looking at a rock.
Civilization is all about leveraging surplus to create more, ie. most efficient use of resources.
Occasionally, this concept can run amok when operated by the criminally inclined who have the ability to skew value perception or using false weights.
The Sumerians had a cure for that that involved a sword.
Apparently we don't.
Which is the higher civilization?
"The hardest part about predicting the future is that you never can tell what will happen."
I'm in quotes in case that gets famous some day.
It worked for Yogi.
It's never different it's always:
"The urge to save humanity is almost always a false front for the urge to rule it." (see e.g http://www.brainyquote.com/quotes/quotes/h/hlmencke143263.html)
Wasn't socialism for the better of "US ALL"?
Don't the tell us with every new law with every oppression: "We know what good for you, trust us.."?
http://en.m.wikipedia.org/wiki/Paul_Krugman
Calm down, get a coffee read Pauls work.
"The four most dangerous words in investing are: 'this time it's different.'" Sir John Templeton, legendary investor and philanthropist.
If she comes down fast and hard for the start of a big correction,in my opinion the money will flow into hard assets like farmland and precious metals.
http://www.silverdoctors.com/jim-willie-oil-crash-to-accelerate-the-comi...
http://www.richardduncaneconomics.com/about-this-website/
You can easily find Ducan on YouTube.