This page has been archived and commenting is disabled.

BAC Breaks 4 Handle, Drags Entire Market Down

Tyler Durden's picture




 

As definitive evidence just how fucked up this entire market is, here is what happens to the ES the second the infinite BAC Bid at $5.00 finally gets taken out. This is the ESH2. That's right - the entire market moved tens billions in market cap because the Plunge Protection Team just failed at protecting the "precious" $5.00 level.

Goodbye $5.00 BAC, we hardly knew ye:

Those in pain:

 

Goodbye:

h/t Hedgeless Horseman

 

- advertisements -

Comment viewing options

Select your preferred way to display the comments and click "Save settings" to activate your changes.
Mon, 12/19/2011 - 16:09 | 1995201 Bodhi
Bodhi's picture

I'm all tingly inside.

Mon, 12/19/2011 - 16:12 | 1995228 CORNGUY
CORNGUY's picture

I am so happy right now.

Mon, 12/19/2011 - 16:14 | 1995244 transaccountin
transaccountin's picture

Can someone comment on the margin requirements? I know that once a stock goes below 5 its more stricter, yes?

Mon, 12/19/2011 - 16:17 | 1995258 Captain Benny
Captain Benny's picture

Many brokers have increasing margin requirements as stocks trade lower.  When closing at $4, the margin requirements are HUGE at most major brokers.  $5 is the point when most major funds realize they need to get out. Also, some funds expressly forbid < $5 stocks due to volatility ... nobody likes penny stocks.

 

I'm overjoyed that bathtub coke loving Buffett is crying today...

Mon, 12/19/2011 - 16:22 | 1995309 redpill
redpill's picture

A nice warm bath with salts and $7.14 warrants, bwahahaha

Mon, 12/19/2011 - 16:23 | 1995320 camaro68ss
camaro68ss's picture

buffet has lost 1.5 billion with BofA. hahahaha what a loser!

Mon, 12/19/2011 - 16:26 | 1995332 kito
kito's picture

im not at all defending him here, but he is not looking at what happens months after he purchases a stock. lets wait till bac is dust before dancing on the grave.............

Mon, 12/19/2011 - 16:47 | 1995436 Pladizow
Pladizow's picture

Fo Sho!

Mon, 12/19/2011 - 16:54 | 1995470 Manthong
Manthong's picture

The important thing might be SPX under 1200.

Mon, 12/19/2011 - 17:35 | 1995637 tooktheredpill
tooktheredpill's picture

Buffet a loser? So I guess all your calls are correct? Any idea what options he has? 

Jesus.

Mon, 12/19/2011 - 18:13 | 1995763 mr_T
mr_T's picture

How much for 1 rib?
1 BAC share?

Mon, 12/19/2011 - 21:41 | 1996224 SokPOTUS
SokPOTUS's picture

Heh.  More like a *McRib*.

Mon, 12/19/2011 - 22:42 | 1996350 cranky-old-geezer
cranky-old-geezer's picture

 

 

Back in summer didn't someone put a billion dollar short on BoA at $5 strike?

Tue, 12/20/2011 - 06:51 | 1997021 AldousHuxley
AldousHuxley's picture

don't underestimate the oracle, he knows how to play the game that is wall st. It is by no concidence that he owned banks, rating firms, new wires.....now he owns political insiders at the very top...Obama.

 

He gets $300M divds every year no matter the stock price, so even if BAC goes down 50% to $3.5ish, he lost $2.5B in equity, but earned $300M x year.....in 8 years he would have pretty much broke even with $2.4B in divds + BAC will pay him $250M when they buy his shares back.

 

Don't forget he also got options for free.

 

Buffet makes money unless bank of america gets nationalized or goes to zero. Obama will make sure neither will happen.

 

plus he may have hedge his position with Citibank short. who knows.

 

All I know is you and I CANNOT get the same deal buffet gets. Free market? yeah right.

 

 

 

 

 

 

 

Mon, 12/19/2011 - 16:48 | 1995442 MillionDollarBonus_
MillionDollarBonus_'s picture

Couldn't have put it better myself. The honourable Warren Buffet (presidential medal of freedom winner) is simply buying when there is blood in the streets. While the ZH doomers jump up and down in a frenzy of masochistic glee, Mr Buffet is calmly picking up value stocks at bargain prices. And his courage is truly something to be admired.

Mon, 12/19/2011 - 17:02 | 1995498 Pladizow
Pladizow's picture

Far from your best - Cast another line!

Mon, 12/19/2011 - 17:30 | 1995609 Mr Lennon Hendrix
Mr Lennon Hendrix's picture

That's not bad, I mean, Buffet is down 20%, right, so now is a great time to buy!

Buy everybody!  Buffet is!

Mon, 12/19/2011 - 21:57 | 1996260 erg
erg's picture

Gorge the BAC buffet.

Tue, 12/20/2011 - 08:05 | 1997071 AldousHuxley
AldousHuxley's picture

for common yes, but preferreds are down only 9% and buffett gets 6% annual

 

 

Mon, 12/19/2011 - 17:02 | 1995501 pupton
pupton's picture

@Kito - When MDB glowingly endorses your post, you know you fucked up...

Mon, 12/19/2011 - 17:25 | 1995590 HileTroy
HileTroy's picture

Good one MBD if the rest of my honorable ZH borthers and sisters don't get your sarcasim its a shame. You are consistant in your mockery. 

Mon, 12/19/2011 - 19:17 | 1995919 giddy
giddy's picture

ummmm... very courageous to face the hoards of crony capitalist bitchez... 

Mon, 12/19/2011 - 22:10 | 1996281 erg
erg's picture

I myself never once cracked even the most mildest of grins because of one of your posts. I honestly cannot figure out why anybody would bother to give you any credence at all.

...the government is a wholesome purveyor of liberty and free markets. The gods shine upon them. We should swear complete fealty to these lovings leaders."...or some such bullshit. It may have been mildly amusing once. It's peurile to me.

Mon, 12/19/2011 - 22:47 | 1996368 cranky-old-geezer
cranky-old-geezer's picture

 

 

Hey MDB, weren't you a bit sad over Kim Jong Il's death?

Then maybe not.  Perhaps you're looking forward to his son being even more ruthless.

Tue, 12/20/2011 - 02:43 | 1996886 sodbuster
sodbuster's picture

Blood in the streets? Maybe it's Buffet's?

Mon, 12/19/2011 - 16:52 | 1995458 q99x2
q99x2's picture

Use the NDAA to send the financial terrorist to Guantanamo and front run his empire. I'm sure at least a few rats in the sinking ship are drawing up gameplans now.

Mon, 12/19/2011 - 16:30 | 1995357 unununium
unununium's picture

Uncle Warren has lost it if he did not exercise those warrants when BAC was at $8.xx in the days after his investment was announced.

Mon, 12/19/2011 - 16:50 | 1995445 TruthInSunshine
TruthInSunshine's picture

And Sell-Side Wall Street & The Banks sing out:

 

 

Ben Bernankio

Send us a dream

Monetize quadrillions with your Fed Reserve team

Make The Bernank-CERN printer scream

 

Ben Bernankio

You must plug this dam

We're losing money

We're in a real jam

 

Timmay Geithner

Send us a dream

Make it all TARP-like

Like we've never seen

 

Timmay Franz Geithner

Please get more taxpayer blank checks

Our toxic assets

Are causing bondholder defects

 

Bernankio & Timmay Please send us a dream!

 

 

Mon, 12/19/2011 - 17:29 | 1995604 LeBalance
LeBalance's picture

Mr. Krishna make us a hammer,

disabuse us of our lack of responsibility,

make our resolve to care for ourselves through our growth,

beyond the pain that we will feel in piercing our dream-like state,

as we emerge into the horror (the horror) of the larger reality,

we will quiver in fear, but Mr Krishna stands with us and is us,

to make it obvious that we have arrived.

(stare in the mirror and you see Mr. Krishna.)

(he is Tyler Durden and you are the narrator.)

( "you've met me at a really strange time in my life." )

Mon, 12/19/2011 - 16:31 | 1995365 DosZap
DosZap's picture

buffet has lost 1.5 billion with BofA. hahahaha what a loser!

 

I think most here figured he would maybe live to regret that one...........

Mon, 12/19/2011 - 17:31 | 1995614 LeBalance
LeBalance's picture

please quantify with notarized receipts exactly whose money he invested.

you think it was his?

he is a hood ornament of the squid.

he doesn't show the symptomology as much as folks like Munger and Franks do.

but he is nonetheless.

Mon, 12/19/2011 - 17:48 | 1995678 Dixie Rect
Dixie Rect's picture

Warren Bufoon, what a maroon! hehehe

Mon, 12/19/2011 - 18:20 | 1995785 Dugald
Dugald's picture

Nah?  surely, its all just a fiendish plot........

Mon, 12/19/2011 - 16:38 | 1995397 JailBank
JailBank's picture

I have a feeling that the tax payers will be some how covering Warren's bets.

Mon, 12/19/2011 - 17:32 | 1995619 EvryInternational
EvryInternational's picture

You know that's a fact. I'm no fan of BAC, but in the end, the whole country would have to go down before BAC (and a few select others) are left to fry. Warren's fine. He's connected. Most of his terribly bad looking bets paid out - betting against him as proven that you don't know as much (or have as many buddies in the right places) as he does.

I don't think there are any connected billionaires here calling Warren out...

Mon, 12/19/2011 - 17:53 | 1995650 RemiG2010
RemiG2010's picture

@camaro68ss

Someday, you are going to thank him for what he did for the country during last eight months... but that's the secret... secret secret! Money was the last thing on his mind!

PS -1

Mon, 12/19/2011 - 18:21 | 1995790 eurusdog
eurusdog's picture

And what...you're a billionaire investor?

Mon, 12/19/2011 - 18:24 | 1995797 Freewheelin Franklin
Freewheelin Franklin's picture

buffet has lost 1.5 billion with BofA. hahahaha what a loser!

Yeah, but, there's always Becky

Mon, 12/19/2011 - 19:11 | 1995895 Nobody For President
Nobody For President's picture

OOOps. I read this and got a tingly flash as the old saying "He who laughs last..." flashed through me head.

All I know is that sob is one fuck of a lot by several orders of magnitude richer than I, and I suspect thou, and it ain't over. The question may be, is BAC TBTF, and will his buddies at the White House and Fed make it all better, or will BAC be whacked up and parceled out to the Squid, JPM and other present survivors?

Maybe we could pass it over the sea to Mario (either one of them - the *origianal Bank of America started as the Bank of Italy in San Francisco).

NFP

Mon, 12/19/2011 - 16:27 | 1995338 Freddie
Freddie's picture

Someone needs to take a Nebraska corn cob, dip it in mercury and shove it up Buffett's.......

Mon, 12/19/2011 - 17:07 | 1995516 Stack Trace
Stack Trace's picture

Wow, I agree with you.

Mon, 12/19/2011 - 17:08 | 1995517 Stack Trace
Stack Trace's picture

N/t

Mon, 12/19/2011 - 17:16 | 1995550 Yes We Can. But...
Yes We Can. But Lets Not.'s picture

Guess we'll never bump into you at the Dairy Queen.

Mon, 12/19/2011 - 16:23 | 1995318 MeanReversion
MeanReversion's picture

Frankly Buffet doesn't care, Buffet owns preferred shares (not common equity) which are not traded on any market.  As long as BAC doesn't go bankrupt (and the U.S. would never allow that to happen), then Buffet gets paid.

Mon, 12/19/2011 - 16:29 | 1995353 Freddie
Freddie's picture

Buffett is such a devious ***k that the avg Joe's ran out and bought the common stock thinking they were buying what Buffett was buying.  Poor sheep.

Mon, 12/19/2011 - 16:35 | 1995381 Captain Benny
Captain Benny's picture

I didn't read the details, but IIRC ....  Buffet's stock converts to common.  He's pretty much fucked just like the common holders, maybe not as bad... but still fucked.

Mon, 12/19/2011 - 16:48 | 1995438 redpill
redpill's picture

There were two parts to the deal, the $5 billion in preferred stock which gets him a 6% dividend (pretty frickin' outstanding), and warrants for common stock at $7.14.  Now obviously he won't be exercising the common stock warrants any time soon, and his preferred shares are probably technically worth less, but if he's making a 6% dividend it's still a pretty sweet deal considering you can't get yield for shit anywhere these days.  Unless of course BAC goes tits up, in which case he's out the $5 billion.  Then the bathtub becomes a swimming pool!

Mon, 12/19/2011 - 16:52 | 1995461 Freddie
Freddie's picture

Buffet is the muslim's golden boy.  Ditto with Corzine.  Dems do not lose or go to jail.  Corzine and Buffett need to be "sanduskyed"

Mon, 12/19/2011 - 17:26 | 1995593 Mr Lennon Hendrix
Mr Lennon Hendrix's picture

Bernanke is not muslim.

Mon, 12/19/2011 - 19:02 | 1995877 Bananamerican
Bananamerican's picture

jesus Freddie...

did a Democrat give you that funky haircut/makeover?

give it a rest ya partisan fanboy...

Mon, 12/19/2011 - 22:50 | 1996377 NuckingFuts
NuckingFuts's picture

I think we were all hoping that you had finally given that "Muslim" thing a rest since you seemed to have posted for a day without mentioning it. We can all still hope...

Mon, 12/19/2011 - 17:34 | 1995635 smlbizman
smlbizman's picture

red i gave you a red arrow, because i dont think when all things considered, i would not make that bet 5 bl for 6%....risk, net reward, taxes etc..

i will make this general assumption, ...most people here have known about bac's future ...there was info here that announced when it was trading in the 15's.... announcing its terminal illness....

now with that being said, i'm thinking these fucks drink their own kool-aid and do not realize reality..they have lived in such a manipulated fantasy financial world for so long it has become their reality.....they will never  see the exponential wave of nature that is about to swallow them up..  their egos will not allow it.. 

Mon, 12/19/2011 - 17:22 | 1995572 hack3434
hack3434's picture

The old fart did not "buy" BAC as an investment but rather as a way of promoting confidence in his paper regime. $4.99 shows that his credibility is eroding and it is rather irrelevant what type of shares he bought. Afterall if BAC goes, so will his beloved BRK   

Mon, 12/19/2011 - 16:19 | 1995285 golfrattt
golfrattt's picture

Don't buy the stock, load up on some DITM puts....

Sit back, smoke a cigar and break out the Grand Marnier..

Dirty magazine, optional

Mon, 12/19/2011 - 17:13 | 1995540 fonzanoon
fonzanoon's picture

Anyone out there own the SKF? If so are you also suprised like I am that is is 66 freakin bucks when it should be about 150/share right now? Horseshit.

Mon, 12/19/2011 - 17:34 | 1995634 EvryInternational
EvryInternational's picture

It is where it is... There's no "should be" about it. That's trading - know when to bail out. If and when it gets to 150, that's where it is - and that's all that matters.

Mon, 12/19/2011 - 23:10 | 1996409 disabledvet
disabledvet's picture

"Lehman Brothers is still trading." Hell even American Airlines! In this market "no company is too bankrupt not to have a chance to still squeeze a tenth of a penny out of." Absolutely ridiculous. The irony of course is that the USA is on the cusp of the biggest energy revolution since the discovery of oil. And of course..."the losers" make it worse for all us as a consequence.

Mon, 12/19/2011 - 16:19 | 1995265 vast-dom
vast-dom's picture

HFT algos and SkyNet malfunctioning the markets. Air plant blows. What is barometric i mean volume pressure of hopium leviation undercurrent now?

Mon, 12/19/2011 - 16:46 | 1995435 DoChenRollingBearing
DoChenRollingBearing's picture

I am NOT happy and tingly inside.  This could be nother one of those straws that breaks the system.  And ALMOST ALL of us will suffer, even those of us with Au and Ag.

Extreme caution everyone...

Mon, 12/19/2011 - 16:49 | 1995446 redpill
redpill's picture

The Fed will bailout BofA perpetually, and Uncle Asshole's preferred stock along with it.

Mon, 12/19/2011 - 17:02 | 1995499 traderjoe
traderjoe's picture

Nothing can happen perpetually. BAC goes to zero when the FRN goes tits up. 

Beans, bullets, bullion. 

Mon, 12/19/2011 - 17:16 | 1995548 Tristan Ludlow
Tristan Ludlow's picture

We need to reset.  Not for me or my children, but for their children.  The entire system is corrupt.  Get rid of the banks, period.  Lets really have a free market economy.  I am tired of feeding the monster.  It is never satisfied.

Mon, 12/19/2011 - 17:24 | 1995585 Hot Apple Pie
Hot Apple Pie's picture

You're right, no matter how much my balance sheet goes up from being short, we'll all suffer from the shit hitting the fan. But at the end of the day (...er, century), there isn't any other way for things to get fixed. Anything less than a complete assraping and wall street and washington will contrive to blame it all on an anomaly that could never happen again. No new rules will be made, nobody will be punished, nobody will learn a god damn thing about prudence, and we'll just spend years more getting slowly drained of our blood.

Mon, 12/19/2011 - 21:47 | 1996235 ucsbcanuck
ucsbcanuck's picture

To be honest - I just want to make money on my puts and GTFO. I hope BAC doesn't go kaput, and it probably won't because the Fed will nationalize it.

Mon, 12/19/2011 - 16:53 | 1995463 High Plains Drifter
High Plains Drifter's picture

hey the oracle is getting fucked real good. i love it when a plan comes together.   what goes around comes around..............

Mon, 12/19/2011 - 18:54 | 1995858 rufusbird
rufusbird's picture

On the close of trading today, I dub him 'Orfice of Omaha'.

Mon, 12/19/2011 - 20:21 | 1996077 Blano
Blano's picture

Not me, I had just bailed on all my puts 'cause it was such a snoozer of the day and went to the gym.  Oh well, lesson learned.

Mon, 12/19/2011 - 16:16 | 1995268 LeonardoFibonacci
LeonardoFibonacci's picture

This is a feel good day!  I hope old man Buffet loses his fucking shirt!

Mon, 12/19/2011 - 16:54 | 1995471 High Plains Drifter
High Plains Drifter's picture

pauson did do something right when he dumped much  of his position in bac earlier this year..

Mon, 12/19/2011 - 16:28 | 1995342 Clueless Economist
Clueless Economist's picture

Ms Quick...Hurry Mr Buffett needs you...he just pooped in his bath, apparantly BAC went to less than $5!!!!

Mon, 12/19/2011 - 17:05 | 1995506 bullnutz
bullnutz's picture

Wouldn’t you take money out of individual accounts rather than losing your life?  According to SilverDoctors, that’s the choice Corzine was faced with.

http://silverdoctors.blogspot.com/2011/12/jp-mograns-jaime-dimonthreaten...

Mon, 12/19/2011 - 19:16 | 1995916 Rearranging Dec...
Rearranging Deckchairs's picture

While its entirely possible that its true its total reckless speculation of Keiser. I guess his interenet presence and possibly himself will be disappeared soon.

 

Mon, 12/19/2011 - 17:46 | 1995674 SAT 800
SAT 800's picture

BAC breaks, and drags entire market down"---or vice versa. Causation is always difficult to specify, and is frequently in the eye of the beholder.

Mon, 12/19/2011 - 22:26 | 1996298 defn8Dog
defn8Dog's picture

Bruce Berkowitz just had a really, really bad day  week month.  With the exception of MBIA.

Mon, 12/19/2011 - 16:12 | 1995207 DormRoom
DormRoom's picture

this is smoke. wait til BAC hits 3 handle. then we see fire.  I'm filled with glee to know the bank that absorbed countrywide financial may be a penny stock in the next 8 month.

Mon, 12/19/2011 - 16:41 | 1995412 chunga
chunga's picture

Yes...there IS a Santa after all! Merry Christmas Bank Against America!

Mon, 12/19/2011 - 16:49 | 1995444 SAT 800
SAT 800's picture

Yes, Happy Crucifixtion Day, Bank of Unmerica. Do those nails need another tap, or are they just about all right like that?

Mon, 12/19/2011 - 16:10 | 1995209 Irish66
Irish66's picture

call the VIX

Mon, 12/19/2011 - 16:10 | 1995212 max2205
max2205's picture

YOU SAY THE F WORD.....!!!

Mon, 12/19/2011 - 16:26 | 1995331 Captain Benny
Captain Benny's picture

I think the word is appropriate.  The overall market moved massively on a single penny move of BAC.  This shows fragility.  Many traders are already gone for the end of the year.  The traders still present are laying low and trading cautiously since they've already closed their books for year end.

If this was a high volume day, you'd probably see a -15 pt move in the S&P500 at the same event.  So yes, this is totally fucked.  This is as fucked as the intraday trading that occurred when the US received its downgrade from AAA.  That intraday was also FUCKED beyond belief.  No trader could keep up with that fast paced market, it was entirely PPT and HFT trading.

I worked on Wall Street during that time.  I can tell you MANY of the major wall street firms were maxing out their pipelines and systems were getting backed up like crazy just handing tick and quote processing.  People could not enter trades before they'd be invalidated by automated systems.

Mon, 12/19/2011 - 16:30 | 1995359 cossack55
cossack55's picture

Sounds like a "free market" to me. 

Mon, 12/19/2011 - 16:32 | 1995372 Schmuck Raker
Schmuck Raker's picture

That's how you know FOR SURE things are bad, Tyler losing his cool.

That hasn't happened since he shot that gun at himself in the back of the van loaded with Nitro.

Mon, 12/19/2011 - 16:10 | 1995213 Robert-Paulson
Robert-Paulson's picture

So, now what?

Mon, 12/19/2011 - 16:11 | 1995223 Johnny Yuma
Johnny Yuma's picture

Now, BAC shareholders bend over and grab their ankles...

Mon, 12/19/2011 - 16:12 | 1995235 CORNGUY
CORNGUY's picture

Reverse Split.  Or the Fed buying their shares.

Mon, 12/19/2011 - 21:46 | 1996232 SokPOTUS
SokPOTUS's picture

Yep.  1 for 10; just like Shitibank.

Mon, 12/19/2011 - 21:47 | 1996233 SokPOTUS
SokPOTUS's picture

See ya BAC.  Don't come BACK.

Mon, 12/19/2011 - 16:28 | 1995343 DosZap
DosZap's picture

Wonder how the BUFFET is feeling bout now?.

Mon, 12/19/2011 - 17:05 | 1995511 NotApplicable
NotApplicable's picture

As long as WF stays afloat, I'd say he's happy with his ROI.

Mon, 12/19/2011 - 16:28 | 1995346 CORNGUY
CORNGUY's picture

Reverse Split.  Or the Fed buying their shares.

Mon, 12/19/2011 - 16:10 | 1995214 Johnny Yuma
Johnny Yuma's picture

"They" finally gave in...

Mon, 12/19/2011 - 16:10 | 1995216 PicassoInActions
PicassoInActions's picture

oops, does not seems we are going to have  a Jesus party....

Guess he is delaying his visit to this planet. He suposed to bring armagedon but decide to leave that job for bankers.

Mon, 12/19/2011 - 16:26 | 1995329 DosZap
DosZap's picture

PicassoInActions

You will get your Jesus party.

Hope you have changed your mind when that one starts.I can't descibe the feelings you will have if you do not.

In the meanwhile keep being cute, and smarmy.

Plus, since your clueless on how Armageddon starts, maybe you should refrainmaking ignorant comments.

The longer HE delays, the more time the lost have to get found. Be very Happy for that.

From my vantage point we are getting really close to a return.

Mon, 12/19/2011 - 16:31 | 1995362 PicassoInActions
PicassoInActions's picture

"Plus, since your clueless on how Armageddon starts"

 

i wrote some time ago

 

To fully understand the simple solution, we will need to establish the few doctrines of our own.

1.            Bible is the absolute truth.

2.            Prophecy must be fulfilled.

Let me try to elaborate what Prophecy is.

If someone is predicting the future and it never happens, we simply will call that person a liar and not a prophet. Since many Christians are claiming that gazillions of prophecies in the bible were fulfilled, we can safely assume that gospel writers (prophets) from Christian bible somewhat on track.

Most commonly accepted Christian prophecy that will be fulfilled (the date of cause getting pushed out constantly…) is Armageddon, or in other words an apocalyptic catastrophe. Apocalypse is revealed to us by our most commonly quoted writer of the 4th gospel “John”. We simply call it revelation.

According to John (I assume he was good at math…) certain amount of people will be punished and send to hell forever and ever ,plus few more “ever” on top of that. John gives us clear indication of how many people will be punished, so we won’t have to guess.

 

Revelation 6:8

And I looked, and behold a pale horse: and his name that sat on him was Death, and Hell followed with him. And power was given unto them over the fourth part of the earth, to kill with sword, and with hunger, and with death, and with the beasts of the earth.

Revelation 9:15-18

And the four angels were loosed, which were prepared for an hour, and a day, and a month, and a year, for to slay the third part of men. And the number of the army of the horsemen were two hundred thousand thousand … By these three was the third part of men killed, by the fire, and by the smoke, and by the brimstone, which issued out of their mouths.

Now, we can do the basic calculation to see how we can prevent the disaster.

                Step one is to figure out how many people will end up in hell:

Okay, let’s count them up. 1/4 will be killed by Death and Hell (per Rev.6:8). That leaves 3/4 alive, 1/3 of which will be burned to death by the 200 million fires and brimstone breathing horsemen of Rev.9:15-18. Since 1/3 of 3/4 is 1/4, half the human population will be killed in these two slaughters. (Source: http://dwindlinginunbelief.blogspot.com/2006/08/how-many-more-will-god-k...)

 

                Step 2 is to find out what’s the world population at the present moment.

The current world population for mid-year 2007 is estimated at 6,602,224,175. 

                Step 3 is to finalize our counting effort:

We have 6.6 billion people and according to John (revelation) 6.6 /2 = 3.3 billion people will be destroyed (with one way ticket to hell)

If we analyze the number of people who will survive (half of the population) we can safely assume that people who get saved are the true Christians. (John 14:6: “Jesus answered: ‘No one comes to the Father except through me’”)

Christian Research indicates that by the middle of last year (2006), (inflated) 2.14 billion people made up the world’s Christian population (source: http://www.christianpost.com/article/20060106/22515_Christian_Population...)

From this, we can clearly see that while total Christian population is less than half of the world population, there will be no Armageddon. Otherwise the John’s gospel “revelation” is wrong, and that is not acceptable by Christians, by any means.

Finale:

We need to keep growth of Christian population under half of the total population of the world, and then we can continue our safe journey into the future.

Mon, 12/19/2011 - 16:33 | 1995376 DosZap
DosZap's picture

Don't waste yor time or mine.............in the end we will  see.

Mon, 12/19/2011 - 16:42 | 1995415 PicassoInActions
PicassoInActions's picture

who's end? INteresting how some pople at least trying to apply common sense and logic to most of the things, but when it comes to chemical reaction in their body ( what ever they call faith) the logic and common sense getting trow out.

 

No worry, bible had more modifications during the life cycle than wall street rules and regulations.

 

Mon, 12/19/2011 - 16:57 | 1995484 GOSPLAN HERO
GOSPLAN HERO's picture

Comrade Trotsky, is that you?

Mon, 12/19/2011 - 16:59 | 1995490 PicassoInActions
PicassoInActions's picture

yup it is me.... 1917 all over.

Mon, 12/19/2011 - 16:46 | 1995433 TheHillrat
TheHillrat's picture

Just don't get angry at us nonbelievers. If you think the world is cominng to an end make sure you tell us. 

Mon, 12/19/2011 - 17:01 | 1995494 PicassoInActions
PicassoInActions's picture

those belivers are like bankers, adjusting their dooms day on yearly bases.

I bet they already planning how to explain Jesus delay for the next Obamamama term

Mon, 12/19/2011 - 17:13 | 1995541 walküre
walküre's picture

Why didn't HE come sometime between 1933 and 1945? That time was the worst time ever! I wonder how many people fully believed that prophecy should be fullfilled at the dawn of that "age" and it simply didn't happen. What a disappointment that must have been to those praying and believing folks back then. I'm not saying it couldn't happen but with all the blood shed across the world we've recorded through history, I'm just wondering why that time hasn't come yet.

Statistically speaking, I think you're going to be probably disappointed if you hold out to see the Revelation fullfilled in your lifetime.

Don't waste all your life waiting for it. There's so much to look forward to every day. Can't even imagine how you'd go through life every day, every night and hoping for His return and Armageddon to happen. It's kinda screwed if you want my honest opinion.

Mon, 12/19/2011 - 17:16 | 1995553 PicassoInActions
PicassoInActions's picture

the only revelation we are going to get is when ECB or FED will admit that they rape us.

Others revelation willbe delayed for infinity.

Mon, 12/19/2011 - 19:26 | 1995955 walküre
walküre's picture

See, the problem is that a large part of the population probably believe it's better to wait for His return and stay put than to make some noise and take matters into their own hands. Bankers are just very good con-artists and thieves that have made allies with organized religion centuries ago. When the time comes to stop the charade and the games, our faith will neither save us nor hurt us.

My favorite story in the Bible is when Jesus went into the temple and ransacked the money changers. Faith and money don't mix well.

 

Mon, 12/19/2011 - 17:03 | 1995503 fourchan
fourchan's picture

Travis?

Mon, 12/19/2011 - 17:10 | 1995529 JustSpinIt
JustSpinIt's picture

Your ignorance is disgusting. Go buy BAC.

Mon, 12/19/2011 - 17:35 | 1995638 Maxisaxon
Maxisaxon's picture

A thorough study of Revelation will reveal that much of it is written in symbolic language. From John the Revelator's perspective he was looking into the future and he wrote down what God enabled him to see.

First symbolically speaking in the bible a horse is a church. Symbolically the color of the horse is the spiritual condition of the church, i.e. pale means a dying church. Symbolically the rider is the leader of the church. The white horse in REV 6:2 represents the pure church in the era of 31 to 100 A.D. The red horse of REV 6:4 represents the loss of purity (see also Isa 1:18) of the church in 313 to 538 A.D. The black horse  of REV 6:5 has corruption (black equals opposite of white) as its rider as well. during the same period. Finally the pale horse rider was the death of some 50 - 1oo million Christians at the hand of the inquisition from 538 to 1798.

 As for REV 9:15-18 I suggest to go on to Rev 20,21 to find out that only a part of the idol worshippers were killed and that there was more to come. A superficial interpretation of the Bible always leads to the wrong conclusions.

 

 

 

Mon, 12/19/2011 - 17:38 | 1995647 LasVegasDave
LasVegasDave's picture

That which is asserted wthout evidence can be dismissed without evidence

"c. hitchens"

Mon, 12/19/2011 - 17:49 | 1995680 americanspirit
americanspirit's picture

RIP

Mon, 12/19/2011 - 23:13 | 1996417 vxpatel
vxpatel's picture

Jesus was gay, why else would he roam around the desert in a sarong with 12 other guys and one fag hag???

Tue, 12/20/2011 - 06:21 | 1997004 Money 4 Nothing
Money 4 Nothing's picture

And Jesus retured from the heavans to smite BAC and CIT and all other criminal enterprises, so sayith the Lord. Revelations Chapert 1 SEC verse QE3. He has challanged the squid to a banjo dueling.

Mon, 12/19/2011 - 16:10 | 1995217 Chuck Bone
Chuck Bone's picture

Bank of 4merica

Mon, 12/19/2011 - 16:50 | 1995447 pods
pods's picture

#Winning!

Mon, 12/19/2011 - 17:08 | 1995502 gangland
gangland's picture

Bonus Pool: Bank of America, Citigroup, Goldman Sachs, JPMorgan Chase, Morgan Stanley, US Bank, and Wells Fargo are set to award themselves $156 billion in compensation (including salaries, benefits and bonuses) to executives in 2011, a 3.7 percent increase over 2010.

 

Despite a dismal year, Bank of America set aside [estimated $35.1 billion] 7% more compensation through the first three quarters of 2011 than it did during the first three quarters of 2010.

 

It takes the average Bank of America teller 441 hours, or 11 weeks of work, to make what Bank of America CEO Brian Moynihan made in one hour last year ($5,000).

banks could write down the principal of underwater mortgages at a one-year cost of $71 billion saving underwater families an average of $543 per month, pumping billions into the economy and creating one million jobs. The banks have the money – this year’s compensation pool is projected to be more than double that.

 

http://warisacrime.org/content/2011-big-bank-bonuses-set-be-near-record-...

 

 

Mon, 12/19/2011 - 17:37 | 1995645 NanoTrader
NanoTrader's picture

Someone should start a campaign to ask executives to donate their bonuses. The donated funds could be used to give grants to entrepreneurs who create the most jobs. I guess Bonuses for Jobs could be a more popular campaign than the occupy kind.

Mon, 12/19/2011 - 16:11 | 1995219 homersimpson
homersimpson's picture

First round of FAZ is on me tonight!!!

Mon, 12/19/2011 - 16:19 | 1995220 Captain Benny
Captain Benny's picture

Been watching it all day, even the PPT can't hold EURUSD, ES, and BAC all up at the same time.  Panic is on - bitches

 

Capital raising imminent for BAC.  Will occur within a week.  They need to rush it before their stock drops below $4 or they won't be able to raise nearly the same amount as they could now.  The goal is to shaft existing shareholders more and faster, front running the actual market bidding down the common shares to <$4

Mon, 12/19/2011 - 16:11 | 1995221 kamikade
kamikade's picture

Here we go. Santa Claus isn’t coming to Wall Street

Mon, 12/19/2011 - 16:11 | 1995224 Robert-Paulson
Robert-Paulson's picture

Doesn't this push BAC into a new stock classification??

 

 

Is this.........good night now?

Mon, 12/19/2011 - 17:45 | 1995670 Grinder74
Grinder74's picture

note quite: 4.99

Tue, 12/20/2011 - 06:15 | 1997001 Money 4 Nothing
Money 4 Nothing's picture

Technically makes them list as a Penny Stock. Will go Bidless under 5 handle WST barred to Bid. Let's see if they get liquid overnight???

Mon, 12/19/2011 - 16:11 | 1995226 slaughterer
slaughterer's picture

Will close above $5.oo though.  

Mon, 12/19/2011 - 16:19 | 1995264 hedgeless_horseman
hedgeless_horseman's picture

 

 

Today or ever?

Mon, 12/19/2011 - 16:18 | 1995279 Robert-Paulson
Robert-Paulson's picture

Why do you say that?

 

I've been reading forever how this stock can't go under $5.00.........and now that it does...........You say it's going back?

 

I say no way.........The circuit breakers have been lifted and BAC is going to get blown the fuck up.

Mon, 12/19/2011 - 16:20 | 1995297 fuu
fuu's picture

He went long 200,000 shares at $5.04 this morning.

Mon, 12/19/2011 - 16:24 | 1995322 GeneMarchbanks
GeneMarchbanks's picture

Should've learnt that lesson a while back when he went in at $5.12 cause of the Australian gold mining projects BAC was announcing...

 

Mon, 12/19/2011 - 16:28 | 1995347 fuu
fuu's picture

<shrug> It was in the high 5's in the last month. He could have made some coins and bailed. I honestly don't keep that close a track of his positions, I just read his long this morning.

Mon, 12/19/2011 - 17:08 | 1995524 slewie the pi-rat
slewie the pi-rat's picture

maybe he can recycle those steam-rolled nickels?

the euro fell outa bed, too

ether fits, probably...

 

Mon, 12/19/2011 - 16:24 | 1995324 Hippocratic Oaf
Hippocratic Oaf's picture

I think he's pondering the now typical 3:30pm hopium that CNBC vomits on us to push the mkts before the close.....which is just a joke of course.

 

Or not.

Mon, 12/19/2011 - 16:31 | 1995361 Steaming_Wookie_Doo
Steaming_Wookie_Doo's picture

So, you think Robotrader's going in long with both hands on such an "opportunity"?

Or will he just hope this afternoon's autoerotic strangulation will take its full and natural course...

Mon, 12/19/2011 - 16:43 | 1995417 DeadFred
DeadFred's picture

The volume weighted average for SPY is half percent or so above present level. On a low volume day like this there is usually an end-of-day ramp by the robots to hit that target. BAC was above 5.00 at that level. Don't be surprised if/when BAC ramps up above 5. It will be very significant if it doesn't rise from the dead today. Tomorrow is another day. Even Lazarus eventually died and stayed buried.

Mon, 12/19/2011 - 17:16 | 1995547 Ima anal sphincter
Ima anal sphincter's picture

DeadFed

Mon, 12/19/2011 - 16:40 | 1995405 TheHillrat
TheHillrat's picture

Second that, everyone knows the floor is $5 and it will be bought now and flipped tomorrow. 

Mon, 12/19/2011 - 16:53 | 1995467 pods
pods's picture

That is what they said about another TBTF:

"She's made of iron, sir! I assure you, she can... and she will. It is a mathematical certainty."


Mon, 12/19/2011 - 17:07 | 1995519 TheHillrat
TheHillrat's picture

$4.99...pretty close, it was trying to get back to $5. There wasn't the customary fill at the close. 

They said the same thing about the Titanic. However the Titanic was taken out by mother nature and didn't have someone keeping it afloat. 

Mon, 12/19/2011 - 17:11 | 1995532 WonderDawg
WonderDawg's picture

Dude, not indulging in any schadenfreude here (although I do have puts on C and what's bad for BAC is bad for C), when I saw your post this morning I thought, bad move. Time will tell, of course, but I guess if you can gamble with a million dollars, losing $14,000 won't kill you.

Mon, 12/19/2011 - 18:31 | 1995817 WonderDawg
WonderDawg's picture

Actually, I should clarify that post. I didn't think "bad move", I thought "ballsy move", and one that I wouldn't make for a number of reasons. I think I understand your thinking, that the TPTB wouldn't let it drop further, and it was sure to bounce from $5.04. Maybe it still will. But, I've been thinking that if they are going to let a US bank fail, BAC is a likely candidate, so I put no faith in them to necessarily save it from dropping below $5.00. The truth is, all the big banks should be penny stocks, but thanks to legalized fraudulent accounting, they are still able to show profits and pay bonuses. Anyway, I guess if you gamble like that, you better be prepared to take your lumps, and I'm sure you are.

Mon, 12/19/2011 - 21:34 | 1996214 Terminus C
Terminus C's picture

Remember that BAC moved its derivative exposure to the commercial bank division.  BAC blows up, nobody gets anything... including depositors.

Plan B bitchez.

Mon, 12/19/2011 - 16:12 | 1995232 Irish66
Irish66's picture

maybe Italy can help out.  lmao

Mon, 12/19/2011 - 22:28 | 1996324 SokPOTUS
SokPOTUS's picture

Nah.  They're too busy shipping Euros to the IMF to bail themselves out...

Mon, 12/19/2011 - 16:13 | 1995237 OuaisBla
OuaisBla's picture

How could that be!  /sarc

Mon, 12/19/2011 - 16:13 | 1995239 sgjohnlaw
sgjohnlaw's picture

anyone can explain what is ESH2? thanks.

Mon, 12/19/2011 - 16:27 | 1995339 gmak
gmak's picture

First future in 2012 for ES mini (future on SP500)

Mon, 12/19/2011 - 16:13 | 1995242 FubarNation
FubarNation's picture

American Bank Nationalization Act in  5........4.......3......2......1....

Mon, 12/19/2011 - 16:13 | 1995243 Frank N. Beans
Frank N. Beans's picture

BAC finally stuck its dick in the mud. Have fun BAC.

Mon, 12/19/2011 - 16:15 | 1995245 vegas
vegas's picture

Well, this takes care of the dilemma of whether or not to put a share of BAC, or Meal #5 from McDonald's via a gift certificate, in Johnny's stocking. Even little Johnny doesn't want this worthless shit.

 

http://vegasxau.blogspot.com

Mon, 12/19/2011 - 16:14 | 1995251 SloMoe
SloMoe's picture

I smell a capitol raise, coming right up...

Mon, 12/19/2011 - 16:14 | 1995254 Jlmadyson
Jlmadyson's picture

4.95 boys. Hold on tight.....,

Mon, 12/19/2011 - 16:15 | 1995255 fuu
fuu's picture

Ouch to those longs at $5.04/share.

Mon, 12/19/2011 - 16:15 | 1995257 monopoly
monopoly's picture

And I just went to all cash except physical. Lets blow this up and get it over with. No miners.

Mon, 12/19/2011 - 16:16 | 1995260 GeneMarchbanks
GeneMarchbanks's picture

And tell them what they've won!?

A... brand... new... BANK!

Congrats America this is officially your bank. Moynihan and Buffet, your services will no longer be needed...

Do NOT follow this link or you will be banned from the site!