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When Your Banana-Guy Starts Trading Stocks, You Know It's Over
Presented with no comment... ok well one! WTF!?
Source: @wmiddelkoop
This...
Chart: Bloomberg
No comment... not one... seriously.
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When the banana guy has stock tips, that's when you know the market is really fucked.
"There's always money in the banana stand."
It's not a banana in my pocket, it's a roll of Eagles.
8)
HE caused the flash crash!
Shut up Tyler. Don't you know it's peanut butter jelly time?
Bananas to go with Banana Republic-esque markets.
Gorilla traders everywhere.
Bernanke's legacy: Bananomics.
So much dumb (i.e. Institutional/Pension) money (e.g. calPERS) is going to get vaporized - stocks and bonds - it's going to be a generational thing.
He might not even be looking at a stock chart, he could be tallying his banana.
Maybe he is trading banana futures and he's fucking good at it!!
Huh?! Bet nobody thought of that one did they!!!
All sarcasm aside this is actually terrifying because we all know this shit show will turtle toot sweet and China is gonna use the same playbook as the US when things get shitty - start a war..
Is that a banana your pocket or is that the beginning of a blow off top?
Any how, How do you think Dennis Gartman started out?
This looks familiar.
One of the richest Amricans reputedly cashed out before the 1929 crash because an elevator boy gave him a stock tip.
When the elevator boys are playing the market, it's time to get out.
Look closer, It's tulips.
At least he has a trade to fall back on to make easy margin payments.
Does he have title to the cart? bingo! instant cash.
That looks like Bitcoin: https://bitcoinwisdom.com/markets/btce/btcusd
before the 1929 crash because an elevator boy gave him a stock tip.
You know it's bad when you can't even get the story right.
The correct character is a shoeshine boy.
So how much did you bet on the Daily Double?
Joseph P Kennedy is quoted as saying that he knew in 1929 that Wall Street was overly optimistic and a crash was on its way when he started to get stock tips from his shoeshine boy.
http://www.cnbc.com/id/101186479
LOL...it's not over yet...I'm sure it still has a long, nasty, psychotic, demented, twisted, fucked up way to go. But yeah...that pic is a sure sign along the way of the very near doomocalypse
and a bit of a side note...I've always had this real bad feeling that the Chi-Coms began to allow thier people to start buying gold again just as a way to accumulate massive tons of gold on the sly outside of the official government accumulation statistics.
If there's any country in the world currently able to ban or confiscate private gold or silver ownership, it's probaly the Chi-Coms. I think they're using their massive population to accumulate gold so that one day soon they will ban private ownership of gold and they will then rampage every last person to steal all their gold away from them.
I think that's also why the Chi-Coms build ghost cities. They do it to use up resources like copper, aluminum, concrete, steal, iron, etc., just as a way to create jobs and to stockpile all those resources. It doesn't matter to them now if their ghost cities and skyscrapers aren't occupied. In the long run it's just a way to store all that shit that can then be used to create jobs again to demolish all of it and start over again.
Chi-Com-Keynsianism
And it's no different for the Chinese than it is for everyone else in the world: They and YOU do not own the stocks you think you own. It's all a fucking scam. The DTCC owns all Chinese stocks just as it owns all other stocks in the entire world. The Chinese people are being scammed exactly as the people of the Western world have been scammed over the last 100+ years. The powers that be are just making it look like the Chinese are the next best thing after they collapse America.
Wash, rinse, repeat.
http://www.roadtoroota.com/public/1386.cfm
The commies have been storing stone in that backyard wall for a while.
How's the price of stone these days?
they don't think of price in terms of "these days". They think of value in terms of a hundred plus years from now...
Thanx. That's why I was vague about it, as I didn't have the original quote handy. I wasn't aware you were playing Jeopardy today.
Joe Kennedy also got prior word about the gold confiscation due to his connections ( Democrat bigwig, and SEC chair ). His gold was in Canada when the Treasury Agents started rounding up bullion, and avoided the great haircut everyone else took when the dollar was devalued.
( oh, and welcome to ZH )
E-trade forever......
Am I the only one worried that a nation with 1.4 Billion people is about to enter a serious depression? I mean - the evetual stock collapse is pretty much a given. That won't CAUSE the Chinese depression, it's more like a terminal-stage symptom as their economy craters. Not sure if hyper-inflaton will be part of the hellish demise, but unemployment surely fits in. The bananna-cart trader is amusing, but terrifying at the same time. How is this any different from the U.S. stock market crash or tulip bulbs?
I'm cynical as hell but can't even imagine all the ways our lives are about to become unbearably hellish when China goes down.
Won't be their first civil war/ insurrection. But it will probably Detroit the neighborhood.
Sorry Mr IV commented on the thread before reading the rest of it.
Tulips it is, and silver mine shares, and south sea development, and tech stalks and....................
Technology is everywhere now.
No that was the fyffes crash.
Wait one minute
He's just reading the ZH daily market wrap bonus chart
Nice Arrested Development reference !
That's right, as anyone knows who's seen Arrested Development, there's(or was) $250,000 in the banana stand.
This made me laugh my ass off.
"Taxi drivers told you what to buy. The shoeshine boy could give you a summary of the day's financial news as he worked with rag and polish. An old beggar who regularly patrolled the street in front of my office now gave me tips and, I suppose, spent the money I and others gave him in the market. My cook had a brokerage account and followed the ticker closely. Her paper profits were quickly blown away in the gale of 1929."
- Bernard Baruch
My dad would say that all the time. There's always money in the banana stand. I didn't see any. My nephew would stare at his cousin while I asked for juice.
superb!
You're my new hero.
If the maket collapses we still can get a "banana standard" 1 trollar or LOllar equals 10 bananas.
This failed experiment called "Planet Earth" is just one big, side-tipped Banana Cart... A painfully, slow-motioned banana cart wreck.
I freelance over th? internet and earn about 80-85$ an hour. I was without a job for 7 months but last month my paycheck with big fat bonus was $15000 just working on my computer from my home for 5-6 hours. Here's what i have been doing... www.globe-report.com
Tylers, stop whack-a-moleing this scammer. It will always reappear with another pre-prepared id. Just block all posts containing the url
www dot globe-report dot com
He's not trading stocks, but crypocurrency. That seems to be a screen capture of bitcoinwisdom -- http://bitcoinwisdom.com/markets/bitstamp/btcusd
Could be, but that grapth if going up so either an old picture or a very short time period if bitcoin
The banana stand is a front...he's really selling something else on the Silk Road and checking his tally.
He's looking at a cup with handle that's just had a breakout... nice chart.
Looks pretty exponential.
If that is real. We are close
One foot in the grave and the other on a banana peel.
Is that a banana in your pocket or are you just glad to see me
Yes! We have no Banana.
While on the thread of unsustainable, this worthwhile read comes via Peak Prosperity.
http://www.thebaffler.com/salvos/a-practical-utopians-guide-to-the-comin...
I especially found this paragraph spot on:
"At the moment, probably the most pressing need is simply to slow down the engines of productivity. This might seem a strange thing to say—our knee-jerk reaction to every crisis is to assume the solution is for everyone to work even more, though of course, this kind of reaction is really precisely the problem—but if you consider the overall state of the world, the conclusion becomes obvious. We seem to be facing two insoluble problems. On the one hand, we have witnessed an endless series of global debt crises, which have grown only more and more severe since the seventies, to the point where the overall burden of debt—sovereign, municipal, corporate, personal—is obviously unsustainable. On the other, we have an ecological crisis, a galloping process of climate change that is threatening to throw the entire planet into drought, floods, chaos, starvation, and war. The two might seem unrelated. But ultimately they are the same. What is debt, after all, but the promise of future productivity? Saying that global debt levels keep rising is simply another way of saying that, as a collectivity, human beings are promising each other to produce an even greater volume of goods and services in the future than they are creating now. But even current levels are clearly unsustainable. They are precisely what’s destroying the planet, at an ever-increasing pace."
Interesting, but I would comment that it is DEBT and the destruction of debt that will destroy the economy-not the world. People can only take on so much debt and be able to live. The worse the debt, state, city taxes get (from their own debt) become creates a lower standard of living for the many and less ability to borrow. Businesses fail because no one is buying. Those that can wipe out their debt through BK can start over, but with no credit and the bonds/shareholders of their debt get into even more debt from the write off or have to declare BK and on and on. Deflation happens.
I think that's right.
I like how the article phrases the fact that it's the increasing debt that requires ever more production to feed that debt, and so on in an escalating spiral. This is a product of the monetary system that requires that growth. But it doesn't have to be that way.
The growth component is not a requisite component of a good business. I know businesses that choose a path of low or no growth, pay their people well and create a great working environment. The business grows organically and controlled as opportunities arise.
The growth meme is the brainwashing of the last paradigm. That paradigm's over, but sadly the monetary system can't allow it.
Yet.
A new paradigm awaits and must occur is the takeaway.
I think you're both off track, and sadly you have been here for quite some time.
The big picture starts with the underlying engine for growth. What is the USSA economy based upon? Energy. Cheap energy is the driver of economic growth. See: "Saudi billionaire businessman Prince Alwaleed bin Talal told me we will not see $100-a-barrel oil ever again."
Then you need to expand your economy, and how? You add consumers. In the USSA the humans have been ordered to accept the 'others' as equals. You will live side-by-side in perfect harmony says Janet. They will be the new Jones-es that you must keep up to. See:
"Shock: 80% of U.S. population growth is from immigrants", "6,600 people per day, and nearly 2.5 million people per year."
"African-Americans’ buying power is expected to reach $1.1 trillion by 2015".
The later group has the magic that the FED needs. Huge pent-up demand for flashy American trinkets. They honestly believe that flashiness brings them respectability, credibility, and they will now be considered humans because they have a pocket full of paper that was given to them by Obama.
As a human you have to see the writing on the wall. This is the poison pill that your Lizard Architects have designed and delivered to your lady liberty. Their exit plan is a nuclear armed Greater Israel, members only. Bashar al-Assad the final trivial hurtle.
And yours is?
http://www.youtube.com/watch?v=UoknwWYpL_A
'' we will not see the likes of $100 a barrel again''
we will see $100 a barrel one month after the people who control the inventory or the extraction decide that will be the price.
The Saudis are currently playing a game with the US; the game is 'íf you let us fry in the ME meltdown that you started, then we'll destroy your financial sector and then your economy. Here is a taster, $50 oil''
Dick Cheney's friends idea that fracking energy would support us just fine -and we could stir up trouble across the world without consequences, was a hopeless and typical miscalculation.
The writer is clearly on a bad acid trip and you have lost your mind...
#1) The CO2 driven Global Warming scam is a fraud designed to funnel billions to climate "scientists" in exchange for producing ever more dire predictions of distant future thermageddon for MSM to scare the muttonheads. This allows for more control over global energy/economic activity by the same assholes who who believed Friedman and shipped the jobs to China and financialized the economy to the present state of ruin... and now they say China is our #1 enemy and so we are now building military bases in the Orient so we can have a nice war. (These are the same banker assholes and industrialists that rebuilt Germany and put Hitler and fascism at the wheel...)
#2) What is debt, after all, but the promise of future productivity?
It's fucking fraud as well. Money created out of nothing to enslave the masses both in public and private forms when not employed for PRODUCTIVE vs. consumption-based purposes. Remember... A McMansion is a depreciating and tax generating liability as anyone in Detroit will tell you.
#3) We are all Detroit now
#4) Most solar physicists including IPCC contributing authors say the planet is going to cool substantially over the next 30 years...
http://www.newscientist.com/article/dn24512-solar-activity-heads-for-low...
Educate yourself... The Great Global Warming Swindle (all scientists from places like MIT etc...)
https://www.youtube.com/watch?v=D-m09lKtYT4
ANYONE who tells you what the planet is going to do over the next 30 years is a fraud. Maybe someone will get lucky (like a million monkeys pounding on typewriters for a million years writing the bible) but that doesn't mean any of them has a clue what is going to happen next.
So the IPCC can say with 95% certainty the planets temperature will rise by up to 7 degrees celsius by 2100 and that's not fraud when they've blown every prediction to date and no observed warming for almost 19 years now?
Personally I agree MIKE LOCKWOOD is a fraud. He is one of YOUR IPCC cheerleaders.
"The sun's activity is in free fall, according to a leading space physicist. But don't expect a little ice age. "Solar activity is declining very fast at the moment," Mike Lockwood, professor of space environmental physics at Reading University, UK, told New Scientist. "We estimate faster than at any time in the last 9300 years."
Do you even know what 9,300 years is? That's the entirety of the Holocene excluding the Younger Dryas events. This is what is known as a collapse.
"Mike Lockwood is a solar physicist who became a target of climate deniers several years ago when he wrote one of the definitive papers debunking the “it’s all caused by the sun” canard.
Now check and see if this latest interview with him becomes some kind of teapot tempest among the usual suspects."
Here's some other predictions...
Growing number of scientists are predicting global cooling: Russia’s Pulkovo Observatory: ‘We could be in for a cooling period that lasts 200-250 years’
Danish Solar Scientist Svensmark declares ‘global warming has stopped and a cooling is beginning…enjoy global warming while it lasts’
New paper by Russian solar physicist by Habibullo Abdussamatov predicts another Little Ice Age within the next 30 years
Prominent geologist Dr. Don Easterbrook warns ‘global COOLING is almost a slam dunk’ for up to 30 years or more
Australian Astronomical Society warns of global COOLING as Sun’s activity ‘significantly diminishes’
http://www.climatedepot.com/2014/06/29/scientists-and-studies-predict-im...
So we shall see... but remember it's pretty much a consensus amongst solar physicists that cycle SC25 will also be low if not lower... and then the lags will still happen even if activity does pick up in SC26
You know you can just post the links instead of copying all of climatedepot here, right?
Enjoy whoring yourself for Kochs.
The universe we inhabit contains an infinite amount of information every tiny bit of which is interlocked & interdependent. Parsecs of infinity we cannot even imagine are out there now wielding their influence on us and everything around us. How much of it all do we really understand? Practically none of it. The Large Hadron Collider is supposed to be the machine that reveals the glue holding The Big Picture together. But no matter how much electricity they use to accelerate elementary particles to as close to the speed of light as they can get, the tiny explosions they're creating reveal only more & more of the same stuff that needs to be acclerated to even greater "speeds for scientific analysis." At some point no more speed is possible or necessary. You're just "there" all the time. But we ain't there yet. And in our present state of decline & decay there is absolutely no possiblity of predicting or controlling what happens next--greedy dreams of High Frequency Traders notwithstanding.
The very best description I know of how overbearing & mistaken some men become in their attitudes, opinions & beliefs about the experience of human existence is THE CONVERSATION OF EIROS AND CHARMION, a novel essay by Edgar Allan Poe written in 1849 & published posthumously the following year. It's a 5-minute read that you will remember for the rest of your life: http://xroads.virginia.edu/~hyper/POE/convers.html
edit: "...very best non-Scriptural description..."
Modern Physists cannot find the "glue" because they are stuck in a Newtonian gravitational model that does not apply. Were they to look at the Electric Universe model they would have their answers (and at significantly reduced costs, I might add).
As for the end of days by Poe... ties in to Velikovsky well.
I've been getting tired of ZH doominomics and reading Velikovsky and Electric Universe books lately. It has been... enlightening.
In 1985, I heard the name Immanuel Velikovsky for the first time in my life. I bought Worlds In Collision and read it and that was that. 25 years later in 2010 I was looking for something to read and Worlds In Collision caught my eye. Reading a second time, I was dazzled by the scholarship and provoked by the implications of Dr. V's claims.
Learning that Velikovsky's predictions in 1950 regarding the atmosphere & temperature of Venus were later verified by NASA's Mariner program boggled my mind. How could he know that Venus would be hot on its surface when every astronomer on earth in 1950 said it would be cool? Is the superheated carbon dioxide atmosphere of Venus giving the Greenies of earth the creeps? lol!
In 1985 there was no internet to search & verify the info Velikovsky included in his footnotes & appendices. And I didn't have the time to spend weeks in the library. Now it's a breeze. Everybody can be a scholar! ha ha! Velikovsky mentioned Poe's Erios & Charmion. I was amazed to find it online. Is there ANYthing the 'net does not know? I got hold of Mankind In Amnesia not too long ago. Same degree of excellent scholarship there, too.
If we were heading into an ice age do you think the scientists would be telling us all to drive gas-guzzling SUVs and burning as much coal as possible in order to reverse it?
It ain't gonna help but no they won't.
They will try to say global cooling has been caused by global warming so we need to cut CO2 emissions to make the world colder so it will warm up again...
It's a RELIGION
Those glaciers don't go back together over night you know.
Most solar physicists say that SOLAR ACTIVITY will be lower, which says absolutely NOTHING about "cool substantially". Take care of yourself before you start admonishing others to educate themselves.
http://www.skepticalscience.com/graphics/Solar_vs_temp_500.jpg
mmmm, hockey stick graph.
Until we start to seriously look at the Earth, Sun and Solar system as an electrical system none of our science will produce any reliable or valid predictions. Scientists are looking at all the data (manipulated or otherwise) based on the wrong assumptions.
you thot sales were down cause no one has money, or it's the weather, or whatever, it' really just the sweetner
Diet Pepsi dumps aspartame after consumer backlash hurts saleshttp://www.chicagotribune.com/news/sns-wp-blm-news-bc-pepsi24-20150424-s...
15 years ago it was the taxi driver.
"You talkin' to me?'
https://www.youtube.com/watch?v=D4d8PHDG4yE
And before that, it was the shoe-shine boy, or the newspaper carrier, or the tulip buyer.
instead of keeping an eye on his banana, while he was buying stocks, a banana spider bit him and he died of a fatal erection. stock trading can be so stimulating.
Afghanistan banana stand?
china...
Have a nice weekend.
OK, I was within the right hemisphere...
Could be India. Those carts are ubiquitous, though.
There's money in the banana stand.
Nice....reference to The Hot Rock.
Pet supply shops are trafficking tarantula spiders.
/sarc
http://www.aboveusonlyskies.com/wp-content/uploads/2014/01/Spider-tarant...
Trading isn't rocket science. BTFD.
Afghanistan Bananastand
Those are called camel spiders of Afghanistan.
http://m.youtube.com/watch?v=mjQtQO0pgmM
Hey mr livermorre give me a banana . Take your cash and the one go home
It could be worse - the guy could be watching porn on the computer while handling his banana.
@Joe Camel : O.K. you've ruined it!! Imainge the next time you're at a supermarket and pickup some bananas and they are sticky. I'm afraid this blog will just down hill from here! Badly go down hill..
do those new accounts come with free saftey deposit boxes?
do those new accounts come with free saftey deposit boxes?
He banks at Chase. He knows better than to place his 'collateral' in a JPM safety box.
You can now safely place K, along with Au and Ag, on the list of terroristic elements.
at least he's doing something useful...unlike every trader out there
Productive multitasking.
"Yet when I surveyed all that my hands had done and what I had toiled to achieve, everything was meaningless, a chasing after the wind; nothing was gained under the sun"
Ecclesiastes 2:12
Funny, my first thought was that the Banana Man could in fact be Tyler in between articles,
OR
George Washington at his day job.
we all need to start somewhere..ive heard of plenty of succesful traders who were HS drop outs
why you mad tyler?
most "traders" ..even the ones who went to good schools dont make it.
The banana guy fits right in with the New World Order's banana republic.
Monkeys gotta eat.
This guy has been day trading since he was sixteen years old. That's why he's selling bananas for a living now.
Probably doing better than most stackers.
Q1 helper monkey sales drop 4%. Buy, Buy, Buy bananas!
He's probably waiting for a split. :D
You win the thread, sir. Your prize is in the mail.
Having a banana in the pocket is more effective at saving markets than a bazooka. LOL.
I'm sure it's more effective at a few things but saving markets doesn't jump to mind.
Where is banana man getting his Internet access? That seems phenomenal! (Try getting real-time data over the air in the canyons of NYC.)
That's a coinbase chart. Bitcoin last price: $230.90
Wonder how the Winklevoss boys are doing
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Banana-Guy - Convicted of outsider trading, but he's appeeling it.
Same poorer people trading just before the great depression made Rockefeller sell and buy hard assets, (land) . His shoe shine guy had all the best tips on stock for a fee. Had clientelle. Freaked Rockefeller out, correctly. He later wrote when I saw this I knew it would crash. Huge warning sign here
The Bloomberg chart needs a banana for scale.
It's a fake laptop, fake bananas... in a surreal world.
That - allegedy - ia why Joe Kennedy got out of the marekt just before the 1929 crash. 'I knew it was time to sell when my shoeshine boy gave me a stock tip."
I was gonna share the same anecdote-execpt I thought it was J P Morgan. :D
It's all about staying ahead of the curve.
Monkey see, monkey do. Btfath
Yes we have no bananas.
Maybe it's time to take the blue pill.
Looks like the banana guy is actually trading bitcoins, the site he is on looks exactly like bitcoinwisdom
The guys in the picture isn't trading he's just hedging his banana inventory.
Sir is that a trading platform under your banana stand or are you just happy to see me?
That was the US in 1999/2000...insanity!!
Won't end well for the banana guy....
Actually, sadly, strangely, you are 100% wrong.
Once even your banana guy is busy trading stocks, it means that there is even more money on the sidelines waiting to jump in. People in China have SHITLOADS of cash laying around looking for returns. No one goes all in all at once, it's gradual. When the banana guy is no longer selling bananas because he put all his shit in hock to get enough capital to leverage into high risk righ reward positions. THEN you know it's over, because the consumer side has been tapped dry.
We have a LONG WAY TO GO till that happens. The Chinese market is greatly undercapitalized, The market cap is a joke. Double shex to 8000, and it's still a joke.
Is banana man using the ThinkorSwim platform? looks like a TOS chart! He's getting ready to sell 1000 naked straddles on AAPL taking advantage of volatility collapse after earnings on monday! GO BANANAMAN!!! Woohoo!!!
Come Mr. Tally Man, tally me banana.
... 6 foot, 7 foot, 8 foot bunch.
Accumulating Chiquita Brands
Background of the chart: Now a person can open 12 accounts instead of 1. That's why so many accounts are created.
Just a few more human sacrifices for the algos.
Average ZH poster is very jealous because they can't trade their way out of a carboard box and this guy probably eats their lunch on a daily basis.
Dayyyyyyyyo
trader
Heeees a dayyyyyo
trader
Daylight come and me sub-prime loan
I was in a local cigar lounge this weekend (I live in the DFW area of Texas), and some young whippersnapper came in flashing money to buy expensive cigars (he spent about ~$350). The manager asked to see his ID (you can't sell tobacco products to people under 18 in Texas), and the guy is 19 years old. I asked if he was a college student, and he explained that he is a day trader from NYC, and he was in town on personal business. He said he had been trading since age 15. I asked him what his sources of "news" were to base his trades upon, and he said 'Bloomberg' and 'Seeking Alpha' etc. He gave me a "business card" where he claimed to be a "Global Macro Analyst", and his card only had his name and a phone number and an e-mail address (a personal gmail account). Wow. A 19-year old day trader plopped down ~$350 for cigars. I left his card with the store in case anyone is seeking expert advice on trading from a kid.
What a great job Central Banks have done... fixing their respective economies.
FedFUBAR.
He is going Bananas over Apple............
I live in china and I can tell you it really is epic: everyone, and I mean literally everyone is trading shares on their smartphones. And I really mean trading, daily, hourly. I was in the middle of training some bank staff on overseas investment products but they were barely listening - too busy trading A shares on and off all the way through my presentation. It's a bubble of epic proportions. At another presentation we asked the audience to give views on the direction of A shares. Not 1 bear in the whole audience. It's like religion: the mantra is: the government wants a bull market, so it's safe to speculate. No-ones thinking what will happen when the government says 'this is going too fast and getting crazy, it should slow down'. A giant dash for the exists will result in plunging markets. It could all be over in another 2-3 months.