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This Time May Not Be Different After All
A week ago, after seeing Barron's latest cover, we said : "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"..."
Seven days later, it remains to be seen if market bubblemania on the back of central bank multiple expansion can thrive, especially as corporate cash flow (and revenue, and GAAP EPS) growth trickles to a halt, coupled with an energy and junk bond market implosion, but when it comes to Barron's covers top-ticking the market, it is never different.
Finally, as Ashraf Laidi reminds us...
This week SPX erased 3 week's worth of BACK-to-BACK gains in a single week. Last time this occurred was in Oct 07. #forex $SPX #stocks.
— Ashraf Laidi (@alaidi) December 13, 2014
h/t @Not_Jim_Cramer
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Propaganda is the executive arm of the invisible government
http://www.philiacband.com/propaganda.html
I wish these ***king Tyler(s) would stop talking the market down! LOL!
Barrons is so shitty. Remember when they were pimping GM-Obama-UAW's IPO and it tank like the piece of shit it is. LOL!
F Barrons!
They may use a different type of razorblade strap on as they ass rape you...
Then it would be differnt this time, technically.
I- strap on.........er..........wait don't post that
Well, "There maybe an App. for that" . . . .
As for the Android application - "PLEASE Don't try this at Home" (or anywhere else, for that matter!!) ;-))
(terrible thoughts along the lines of the Cybermen are coming . . . . )
strop
It's a good thing that the banking/finance sector would never think about levering up on the short-side to crash the markets and make a killing since Congress certainly must have made that kind of vulgar muppet-rape illegal by now.
Besides... the ensuing derivatives holocaust would gaurantee that they never saw a penny of their ill-gotten gains.
Unless the government did something stupid like put itself on the hook for their fraudulent derivative transactions...
We put some folks on the hook for 303T notional in derivatives for the TBTF, sure. But they do God's work, and we congresscritters have placements to care for.
Well since it's 'God's Work'... I'm sure there is nothing that a couple billion in post-Apocalyptic bank fines to these fine folks can't adequately handle...
& the 'God's Work' doing bookmakers are also CASHING IN on Army covering vs. Navy today.
Nice gig if u can get it.
We put some folks on the hook for 303T notional in derivatives for the TBTF, sure. But they do God's work, and we congresscritters have placements to care for.
CONgress has legalized the muppet rape and exempted themselves from insider trading amongst other things. It's all a big club and you are not in it. When will the peeps figure out that CONgress, POTUS and SCROTUS are completely powned by the agency? Oh wait - even if they knew they cannot do anything about it. Haha. Guess the joke is on us.
Valuation: $##B
Revenue: ($###M)
Fanaticism: 1000%
The composition of a successful Internet company.
You're missing a minus sign next to revenue but otherwise spot on.
An amount enclosed by parentheses represents a negative quantity in accounting syntax.
Ah yes, wasn't paying attention, usually just look for the red ink.
Might need to update my monochrome monitor.
Bullish for GDP!
No worries amigo, it's not like accounting matters in today's fairy numbers world anyway.
Simple replace E with VCFL (VC Funding Left) in _BITDA, and everything is A-okay.
Ha, judging from the down arrows looks like I irritated some anal CPAs.
dup
Whoo hoo. The dude can skate plus he knows accounting syntax and knows how to value fine Silly Con Valley companies for maximum valuations. ;-)
I'm an engineer by trade, but I got a mini MBA in the form of a minor at college. All the essentials - accounting, marketing, case studies, playing consultant... good stuff to know. Had been watching the markets since I was little, having read newspapers my whole life. The college classes just put official words on what I already knew.
Next weeks Barons headline: Dow 40,000.
Loaf of bread:$500, in the small print.
and we'll need the bread for helmets.
Speaking of which...
Kaiser rolls make for effective ear protection but it's hard to be taken seriously as a street warrior when you look like Princess Leia.
Better to go with a small Chibatta loaf.
Add Alan Abelson's name to the people who should be swinging from a lamp post with Cramer and all the elites.
He has been gone for a while now. August 8 2007 he wrote a very good analysis of what the problems were. And his analysis was not new to his writings, and was quite complete. His humor and co-writers had good humor.
This time we will have tweets and twats.
Hear,hear.
Plenty of twat.
instead of just twats
tweet your twat, if you got em...
tweak some twat
99.9% of the US population has their face in their smartphone and the earbuds blasting some American Idol reject. You think they're paying attention to Cromibus
Think about it- Clay Aiken almost won a seat in congress. Fuck me
This country is so fucked
I m going out to get a steak burrito and was it down with a bottle of Absinthe.
Reported to fishy.gov, attackwatch.com, and OFA headquarters.
Remember Ronald Regan?
He was a big fan of Burritos and Absinthe?
I miss my absinthe days...good times.
The Green Fairy is a special way of washing the cares away.
Wormwood being the key ingredient.
Chernobyl = Wormwood (in the local lingo)
Interesting co-incidence??
I know alcohol prices are down so I can believe the absinthe, but a real steak burrito?
What happened to ebola?
Did it die when Fergusson rioted?
Is he a Libertarian? If so, I would have voted for him.
But, since he is in show biz, I doubt it.
I WOULD vote if Bocephus ran, for any office.
Can't wait for their, "End of the Age of Oil" or "Gold is Dead" article.
Andre Rieu - La Vergine Degli Angeli (Maastricht 2008)
http://www.youtube.com/watch?v=Cd2MF2IGC_g (4:02)
The Oily Swan has arrived, Cromnibus is in place, corrupt bankers everywhere will soon have survival kits for us to take from their dead bodies....
Check. All set for the Apocalypse
Crash ! This time its different. Of course it's different, it's a different Crash !
Corporate profits keep the ruling elite in power, but profits are left only after accounting for:
1. Cost of goods sold
2. Cost of capital
3. Cost of labor
4. Cost of energy.
They have engineered a system where all the impediments to increased profits have been decimated:
1. commodities dumping
2. money relatively worthless (ZIRP)
3. wages dropping in real terms
4. energy now hammered.
This is in addition to direct corporate injections by the FED and other Central Banks through stock market manipulation, they have gone "all in".
To quote Lindsay Crouse in The Verdict, "Who were these men?"
ALL those variables asssume there are sales to begin with - no sales no profits and that is where this is going
A crash just cannot be tolerated.
We need to Bullard some folks.
Barron's LOL, they ran a bullish piece on BBG a couple weeks back... down about 40% since - these guys are good!
Someone has to do it. They were probably well paid for that piece of mularkey too. Buy steel!
It's a zero sum game. Money isn't made or lost, it's simply transferred from one illusion to another.
with the banksters and their political cronies tryin' to put the taxpayers on the hook for their deriviatives losses with this legislation this crude crisis weekend, gotta wonder, do they know somethin' we don't?
The Damn crash is under way. No way out now. It's too late. Wages are in the shitter. Health care out of control. ZIRP. Foreign Policy made by infants and juveniles. Food inflation going crazy. Higher education? LOL. Mulato far as President. Drunk as Speaker. Crook leading Senate. Banks writing law. Supreme Court reminding us of Weekend At Bernie's. U.S. cities broke. Police State. Common Core.
Should I go on?
It's on. We are going down the rat hole. May the Farce be with you.
sigh.
hmmm....beef sammich sounds good, with some of them curly fries..
Aussies I talk to still are confident that the power of compounding interest on their Super accounts means an early retirement in 20 years for them, I ask them what about zIRP and just receive a blank look back, a few surprises to come I think.
Assuming of course that we're all still alive in 20 years time. Becoming an increasingly unlikely scenario now the Neocons are "in Control" . . . .
http://www.globalresearch.ca/washingtons-master-plan-world-conquest-madness-defines-us-policy/5419708
Same same in "Merica". I'm surrounded by idiots! I ask friends in their 30's-60's where do you think the money will come from if rates remain near zero? Crickets.... It's all PFM (pure fucking magic) to them. My older friends (70's) do understand and agree that this will end badly. I'm amazed the media doesn't talk about the artificial stock re-purchase (buy back) plans that is all BORRROWED money.
Wishful thinking - there is a long, long, long way yet to fall. USA politicians in the words of Doc Holliday:
"I have not even begun to defile myself."
You will have to be very much more patient, the end of the Regime is many decades in the future.
I agree. As long as people play, this will continue for a long while. Wall St. also received a clean brand new checkbook to cover their losses going forward. The dumb taxpayers will continue wishing their 401k and home price to go north at any cost.
"Honey, I think we deserve a vacation! And, according to zillow...."
Remove your head from your arse, unless you are talking butterfly decades.
The current paradigm doesn't even have ten months left in it.
The only think that can prolong the agony is WWIII, but even that will not save it.
sure, pick on twitter, that's just so easy (and lazy, and uncomplicated). i can think of a few OLD corporations that after many decades in business have nothing but high debts and high dividends to pay with no hope of ever being solvent. what is their excuse?
They want us to fight back.
Don't.
Fight.
You don't need too.
It's dying already
Just let it finish.
Sometimes I think that the operating assumption is this: hyperinflation would wipe out almost all the world's perceived wealth, anything short of that counts as a win. Then I realize they aren't even seeing the possibility of hyperinflation and none of it makes sense again.
Hyperinflation is usually the result of a political decisions.
If the market was going to go down it would have gone down when Greece was going to default. The markets are FED software applications and have nothing to do with price discovery from buying and selling stock. The FED allows stocks to be traded as an auxilary function of the software so there appears to be real stock markets.
Is Greece going to default?
technically she is again in hidden default, months back they flown another 2 billion € on markets... stuff never was fixed.
Don't tell me ......it is different because stocks are on a permanently high plateau
So far it looks like last week's projection is right on the money...
http://www.globaldeflationnews.com/sp-500-indexelliott-wave-update-for-w...
http://www.globaldeflationnews.com/dow-jones-industrial-averageelliott-w...