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Art Cashin: Mighty CTRL-P Has Struck Out
And now for some Monday morning poetry with the Chairman of the Fermentation Committee.
From Art Cashin, via UBS Financial Services
On this day in 1888, the classic American poem on American culture was published.
No it was not "Hiawatha" or "Thanatopsies" or any of those myriad other things you wrestled with in high school......or where-ever.
Rather it was a clear cut epic of hope, frustration, fear, hope, and despair. Or if your learning was gleaned among Greek Classicists who frequent saloons (usually on a stool near the shuffleboard machine) you might say, - - inspiration, anxiety, desperation, rebirth, hubris, predestination and theocratic resolution.
The grand poet's name was Ernest Lawrence Thayer. And he titled his epic "Casey at the Bat". America immediately grasped the national and metaphysical essence of the work and placed it in their hearts forever. And why not? It is the tale of people vesting all their hopes in one man - - someone who can change things dramatically by the sheer force of his talent.
To celebrate, call the 800 number of each of the Federal Reserve Governors and recite the epic's last stanza.
"Somewhere in this favored land
the sun is shining bright
A band is playing somewhere
and somewhere hearts are light
Somewhere men are laughing
and somewhere children shout
But there is no joy in Mudville
Mighty Casey............."
Best to leave off the last line until after we hear the Bernanke testimony, Thursday.
Investors could empathize with the distraught residents of Mudville on Friday as poor payroll data sent the bulls to the showers early.
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getting dangerous to be short here as any pee pout of europe could spark a 3 to 5% short squezzee..in the indices
3 strikes and Bernanke is out. He still has one more to go before he is thrown out of the game.
Time for another shot.
With money printing and inflation, Casey would get seven strikes in today's valuation.
with the dollar going up against most currencies they will unleash QE(conterfeit maximus) and get the short covering and insider ramp again
Yea it'll take the market a few months to realize that developing nations where all the growth is supposed to come from is slowing down as well.
Closed 1 short this morning. But the prior corrections if we get a correction lasted a few weeks longer and had VIX spikes. This one is not very active yet.
"fucking ZIRP...hello? Buy everything you assholes!" - Larry S.
Mighty Casey will get as many swings at bat as the bernank deems necessary.
Yep, Bernanke and pals have struck out in everything they've done since the crash and everything they said about the crash being impossible prior to the crash and yet they are still at bat. Idiotic.
Mighty Casey has struck out
On Thursday, markets will also be watching Fed ChairmanBen Bernanke's testimony to Congress, which could provide clues on whether the Fed is ready to take additional steps to support growth.
Control-p might not work, but the ramp up crew working just nicely. Everything is crumbling but US markets are like the teflon don.
Hey, it's Monday and none of that scary crap from Friday ever really existed, right? Tokyo was crashing last night but how does that matter? And the euro? It's up on all the good news.
All should just chill. Dow's up. Gold and silver, no follow through for you! Gotta keep the Loonies on the Path.
Bullshit On.
He doesn't need to get it right, just to kick the can for another 6 months.
Just another momo Monday.
Take what you can while you can.
MS not really trying to feel the luv this morning ?
Everything is ok now, it's 10:42am
The end comes when millions start dropping of the unemployment life support system and benefits are cut.
The reason why they stay on unemployment is that the only jobs available pay less than $13 an hour and nobody with a family can live on that.
The middle class is over and one more round of QE will put millions in their graves.
Isn't that the whole point? What dirt cheap assets will they be leaving behind.. from a bankster's point of view?
Banksters can get GRPN on sale today...
Just like in film dynasties after QE3 they'll reboot the series with a new director, new producer and whole new vision =)
Well, if RoboCop 3 is any guide, then QE3 will be frackin awesome!
As much as Cashin tries to distance himself from the coming collapse, it too little to late. This baby belongs to him and his Wall street cronies, and hopefully they are very proud of their work. This is the same guy that praised Dickhead Grasso as a hero.
Bernanke, Krugman, Summers, Yellen, ... anyone care to add to the list.
even baseball's origins are cruella-ly lost in mud-de-ville
was it wespPoint cadet abnerDoubleday? or the guy who invented the bat and gave us the basic version of today's game as played in the nationalLeague, at least: alexanderCartwright, hailing from thePonderosa?
the americanLeague game was invented by rickyHenderson and charlieO in jokeland, of course
i batted .489 when i was junior in HS; then i hooked up with a girl w/ a great rack and couldn't even see a tiny white orb that small, much less hit it, got cut, and switched to softball, like artCashin
Our current banking system is incompatible with money.
They will give their banks as much of their currency as they need.