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The Barron's "Cover" Is Back

Tyler Durden's picture





 

Just when all hope was gone that the market has lost all connection with newsflow, discounting, or fundamentals, and all that mattered was how loudly this or that head of printing could jaw(or finger)bone stocks up, here comes that patron saint of all contrarian indicators, the Barron's cover, and "Tough as Teflon." Or at least this was before central planning. Nowadays, every downtick is a catalyst to buy, as it has become a well known fact that even a 0.1% drop in the market is not only a catalyst for widespread panic, but also grounds for immediate promises of endless easing by any and all Goldman affiliated central banks (that would be all of them).

Source: Barrons

 


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Sat, 09/01/2012 - 10:19 | Link to Comment ihedgemyhedges
ihedgemyhedges's picture

"Everybody's buying? Then SELL SELL! Everybody's selling? Then BUY BUY!!"

Can even learn from Caddyshack.....

Sat, 09/01/2012 - 10:22 | Link to Comment strannick
strannick's picture

This cover will soon enjoy the same noteriety as Crammers buy Bear Stearns

Sat, 09/01/2012 - 10:44 | Link to Comment Pinto Currency
Pinto Currency's picture

 

Any fool running a central bank can make the stock market go up by printing money. 

It will be interesting to read Barron's in depth analysis regarding fundamentals vs the impact of loose money.

http://research.stlouisfed.org/fred2/series/M1NS

 

Sat, 09/01/2012 - 11:44 | Link to Comment AlaricBalth
AlaricBalth's picture

Barron's? Who reads Barron's? That name hasn't fired any memory neurons in my head since the 80's.

Sat, 09/01/2012 - 12:26 | Link to Comment banksterhater
banksterhater's picture

Biggest Whore-rag for the industry left, CLASSIC TOP IS IN. Can't wait to bury this rag 10 ft under.

Sat, 09/01/2012 - 12:57 | Link to Comment no taste
no taste's picture

http://dearmreastwood.weebly.com/

 

Dear Mr. Eastwood,

Mr. Eastwood, I am a Republican.  I am an angry Republican.  I will NOT vote for Mr. Romney.

Mr. Eastwood, I am not an 80 year old man with $100,000,000, or however much money you have, and with medicare.  I am a working stiff.  I am a middle class, middle aged man who has worked in small businesses since I was a teenager, and I haven't been a teenager for decades.  I pay for my own health insurance and yours.  My insurance is expensive and what it covers is crappy.  Fortunately I have never had a major illness.  I would lose my insurance and my ability to work if I did.  It has been my good luck and taking care of myself that makes it so that I can work to pay for your health insurance.  You have excellent taxpayer paid health insurance, and I hope excellent health, too.  Mr. Eastwood, I am not jealous of your wealth.  I am sure that you have worked hard and have had some good luck.  I have worked hard and had some good luck, too.  Mr. Eastwood, I am glad that you have been successful.  However, Mr. Eastwood, why am I paying for your heath insurance?

Mr. Eastwood, there will be no social security when I am 65.  My tax payments for social security and medicare (employee plus employer) before my income taxes are more than the total tax rate paid by Mr. Romney.  Mr. Eastwood, social security and medicare are great for a rich retired man like you.  Mr. Eastwood, my generation won't get social security or medicare.  Mr. Eastwood, why are poor working stiffs paying for a rich men like you and Mr. Romney?

Mr. Eastwood, I know what a businessman does.  I am one.  I think you are one, too.  Mr. Romney is a Wall Street criminal--not a businessman.  A Wall Street criminal takes other people's money and bets it on some speculation like a gambler in Las Vegas.  However, unlike the Las Vegas gambler, the Wall Street criminal has the taxpayers bail him out when he put it all on black in roulette and the ball lands on red.  A Wall Street criminal steals a bridge that taxpayers built and puts up a tollbooth and takes the money of the people trying to drive across to go to work.  Mr. Romney is a Wall Street criminal.  He is not a businessman.

Mr. Eastwood, why won't Mr. Romney release his tax returns?  What is he hiding?  Why does a working stiff like me pay a higher tax rate than a Wall Street criminal like Mr. Romney?

Mr. Eastwood, I do not support Mr. Obama.  I did NOT vote for him in 2008, and I will not vote for him now.  Mr. Obama is the worst president in my lifetime.  In 2008, the Wall Street criminals paid more money than anybody else to buy Mr. Obama the White House.  Now they are buying the White House for Mr. Romney.

Mr. Eastwood, I am a Ron Paul voter.  I believe in God and liberty and capitalism.  I believe in being honest.  I do not believe in starting wars all over the world.  I do not believe in killing other people to steal their oil.  I believe in regular, hard working Americans.  I do NOT believe in Wall Street criminals.  I do NOT believe in Mr. Romney, and I will NOT vote for him. 

Mr. Eastwood, I am surprised that you are so easily misled.

Sincerely,
An Angry Republican

P.S. Mr. Eastwood, you get to say "make my day" and have a good laugh and be an entertainer while my country is being destroyed by people like Mr. Romney and Mr Obama.  Mr. Eastwood, maybe now you know why I am not laughing with you.

Sat, 09/01/2012 - 13:13 | Link to Comment Debeachesand Je...
Debeachesand Jerseyshores's picture

Stop whining and go back to work paying for Seniors on SS and Medicare.

PS: And don't take a day off.

Sat, 09/01/2012 - 13:49 | Link to Comment AldousHuxley
AldousHuxley's picture

teflon can be scratched off easily with a fork.

 

barron's editors never cooked eggs for themselves?

 

Republicans love to showcase the most superficial retards....actors and ditzes...because their voter base is people who buy into kardashian shit.

 

sarah palin.....

ronald reagan....

arnold schwarzneggar....

 

next up, some football player who prays every game and has "support our troops" sticker on his SUV?

Sat, 09/01/2012 - 14:10 | Link to Comment hannah
hannah's picture

by superficial retard..you mean obama..?

Sat, 09/01/2012 - 15:04 | Link to Comment Roandavid
Roandavid's picture

Nothing superficial about Obama's retard.  It extends deep into his core, his very soul 

Sun, 09/02/2012 - 06:47 | Link to Comment GetZeeGold
GetZeeGold's picture

 

 

When you can print hot QE cash......you too can be a superhero.

 

How hard is this to understand?

 

Sun, 09/02/2012 - 14:59 | Link to Comment Rick Blaine
Rick Blaine's picture

Are you joking?

Don't get me wrong, Palin and Arnold (I don't know about Reagan) may be "superficial retards," but it's not like the Democrats don't pull the same crap.

Look no further than Obama.

He MIGHT be a nice guy, mean well, etc., but he is pretty much the epitome of a superficial politician and everything wrong with our government.

He's never had anything close to resembling a real job (hell, did he even work as a grocery store bagger or anything in high school?), he makes promises that are mathematically impossible to keep, and he plays the class warfare card like it's going out of style.

(If you want to raise taxes on the rich, fine...but it is absurd to suggest that massive cuts in government spending, in real terms at least, won't be forced upon us at some point if we don't do it ourselves).

It amazes me that millions of people still buy into his self-portrayal as "one of the common folk."

If you can't see him for the narcissistic elitist he is, you need to pull your head out of your ass.

What really, really cracked me up was his "you didn't build that" speech...not because I think he was lying or anything...I think he really believes that stuff...

However, he doesn't seem to realize that he was perfectly describing himself and how he achieved fame.

Sat, 09/01/2012 - 14:08 | Link to Comment Bicycle Repairman
Bicycle Repairman's picture

If only granny could be thrown under the bus all your problems would be solved, right?  It's all about SS and medicare, right?  It's not about the FED or the endless wars, right you Ron Paul supporter?  No need to actually reform a health care system that costs twice as much as for any other first world country, right you freaking simpleton?

I'm telling you and your fellow workers with you in Karl Rove's boiler room that if you try to turn SS into a wedge issue, the Republican party will be permanently transformed into a minority party.  Transformed into nothing more than a bunch of gadflys to be laughed at.

Sun, 09/02/2012 - 17:34 | Link to Comment bilejones
bilejones's picture

One good  epidemic of bird flue would do wonders. If only they could get someone working on a way for it to be more readily transmitted.

Oh, wait

http://online.wsj.com/article/SB1000142405270230444140457748070082023551...

 

"In a new experiment showing how the virus that causes bird flu might spark a human pandemic, scientists induced five genetic changes in the bug, transforming it into a type capable of airborne transmission between mammals."

Sat, 09/01/2012 - 14:09 | Link to Comment hannah
hannah's picture

no taste - clint eastwood didnt get rich by cheating people or taking advantage of the system. he wasnt given anything because his great-great-great-great grandfather was a slave. he worked for his success. why disparage his success. he owned a small business..it was himself working as an actor.

clint can vote for whoever he wishes. why berate the man for his decision?

you should debate the performance of obama and rohmney...and while we are at it, what has ron paul actually accomplished. lots of talk but what has he actually got done. dont give me th etired old excuse that he was blocked etc etc. i elect someone that can overcome the hurdles. paul hasnt done anything but coast thru his political career.

Sun, 09/02/2012 - 11:28 | Link to Comment LawsofPhysics
LawsofPhysics's picture

"you should debate the performance of obama and rohmney"

LMFAO!!!

What's to debate? both are puppets of the banking class and financial houses that have been robbing productive labor and the middle class blind.  Following fucking money.  Stupid bloody sheep.

Sat, 09/01/2012 - 22:56 | Link to Comment Dr.Engineer
Dr.Engineer's picture

Shut up already.  Do something about the problem instead of whining.

Sun, 09/02/2012 - 16:22 | Link to Comment dime2962
dime2962's picture

Dear Mr/Ms Angry Republican, 

You seem to need some help with your facts, so allow me to give you some. 

 

Not everyone who works on Wall Street can nor should be called a criminal. Without those who work on the street, you may not get the loans you need to run or buy inventory for your business at a reasonable rate. 

He pays a lower rate because of the way the tax system is set up. Romney, a former Private Equity ceo, and current investor, likely has his money invested in PE funds and other investments. Because he does not work and derives his income from his investments, he is taxed at the capital gains rate, if not a lower rate. It seems you, mr angry republican, are easily misled by the democrat's talking points. If you don't like the law, vote for someone who wants to change it, don't blame those who do what is in their best interests, we would all do the same. 

As for your choice for president, I too support Ron Paul, and wish his ideas were taken more seriously and given the opportunity to attract interest. That being said, I can't give my vote to a man who has no chance to win office. The times are too important and in this election every vote counts matters. I do not wish for another 4 years of a centrally controlled economy, by a law professor with no concept of basic economics who blindly follows Kensyian policies.  

I may not be emotionally attached to Mr Romney in the way that Obama attracts people, but I am attached to this country, this economy, and the future of this nation, I will be voting for Mr Romney, because he represents a chance to get things moving again in a responsible way, where perhaps, we will not be paying for Japan-style growth for the remainder of our lives. 

 

I respect your frustration, but get a better understanding of the facts before you start calling people you don't know criminals, 

 

Sat, 09/01/2012 - 21:14 | Link to Comment cifo
cifo's picture

I bet that this particular issue of Barron's will become a collectible.

Sat, 09/01/2012 - 13:50 | Link to Comment Id fight Gandhi
Id fight Gandhi's picture

Boomers on the weekend who think they still understand the market.

Sat, 09/01/2012 - 10:49 | Link to Comment kaa1016
kaa1016's picture

Kind of like the anti-March 2009 when people were calling for S&P 400. Like that saying goes, it's always darkest before dawn.

Sat, 09/01/2012 - 12:09 | Link to Comment DoChenRollingBearing
DoChenRollingBearing's picture

Likely so, strannick.  (And Time magazine's famous ""Death of Equities" cover story right before the big bull market of the 1980s).  I'll have my own take on Barron's later today or tomorrow.  But first, I have to go to the local gun show and buy some ammo, lots of ammo...  And then maybe see a movie.

Prioritiez!

Sat, 09/01/2012 - 20:45 | Link to Comment ATG
Sun, 09/02/2012 - 11:37 | Link to Comment LawsofPhysics
LawsofPhysics's picture

Now let's see, how did we get out of that mess in the 70's.  oh yeah, interest rates were raised.  Go ahead fucker, raise them now and let me know how the .gov will continue to fund the numerous wars and current promises.  FYI, social security is not a fucking entitlement, it is taken from the paychecks of my employees.  You might also want to plot the purchasing power of the dollar priced in gold you stupid fuck.  Pretty clear where the rally from the 70's to 2001 came from.

The corporate fascists continue to force the taxpayer to bailout failed management and failed companies so they can continue to live high on the hog.  Bull fucking shit, but no worries because it is not sustainable.

 

Sat, 09/01/2012 - 12:33 | Link to Comment midtowng
midtowng's picture

I was starting to worry. But now that Barron's have given their traditional contrary indicator, I feel better.

Sat, 09/01/2012 - 14:42 | Link to Comment monopoly
monopoly's picture

And don't forget Cramers "buy Facebook". FB is different from the other social sites. Yup, it is different all right. Lost 50% of its value a little faster.

Sat, 09/01/2012 - 10:54 | Link to Comment Frozen IcQb
Frozen IcQb's picture

BBB-bb-Buy Bushwood! You...?

Sat, 09/01/2012 - 10:54 | Link to Comment slaughterer
slaughterer's picture

Libertarian doomers still waging their personal battle against this teflon "bull market" and the money printers coating it with even more teflon fail to head Jim Grant's observation that many equities are cheap by all sorts of metrics, and that central banks and planners throughout the world are willing to do everything to increase liquidity at any sign of market instability or any obstacle to rising asset prices.   It is really only a very small portion of equities that are overinflated, and many left-for-dead equities will be pumped up into the election with all of the swap-derived liquidity sloshing around the four corners of the planet.   

Sat, 09/01/2012 - 11:00 | Link to Comment CrockettAlmanac.com
CrockettAlmanac.com's picture

That's actually a fairly decent explanation of the situation. It's just that what you see as positives are negatives for those with a low time preference. Of course, on a long enough time line...

Sat, 09/01/2012 - 11:30 | Link to Comment Lucius Corneliu...
Lucius Cornelius Sulla's picture

Earnings look good because margins have been pumped up to record highs through wage deflation and artificially sustained demand.  However, margins are volatile. Look at 2007-2008 for example.  The entire economy is being held up by artificial stimulas.  How much longer can the USG pay for 40+% of its expenses with debt?  Face it, that is the only game in town.  Without it, demand will implode.  Personally, I think we are on the cusp of another 2007-2008 collapse in margins.  Global demand is waning.  It is collapsing in some areas.  There is a lot of risk.

Sat, 09/01/2012 - 21:00 | Link to Comment banksterhater
banksterhater's picture

you should CREDIT YOUR SOURCE FOR THIS!

Sun, 09/02/2012 - 02:23 | Link to Comment MiltonFriedmans...
MiltonFriedmansNightmare's picture

Earnings look good because the accounting is fraudulent.

There fixed it for ya.

Sat, 09/01/2012 - 12:48 | Link to Comment homersimpson
homersimpson's picture

"It is really only a very small portion of equities that are overinflated." Yea, just like only a small portion of your argument is wrong.  You really think the DJI would be where it is today without Banana Bens' printing press? That's where your argument is as strong as single ply toilet paper.

In other words, you're better off just saying "I'm a paid shill of Wall Street." You'd garner more respect at least then you typing this permabull nonsense.

Sat, 09/01/2012 - 13:31 | Link to Comment akak
akak's picture

I knew MillionDollarBonus, I used to respond to MillionDollarBonus, and you, sir, are no MillionDollarBonus.

Sat, 09/01/2012 - 17:40 | Link to Comment billsykes
billsykes's picture

Equities may be cheap and its probably due to the fact that most are looking for a "return of their investment not a return on their investment".

Like those little turtles being hatched and everyone getting them before they make it into the ocean.

Fuck you turtle, think that's hard, try going long in the market and then exit with a return.

 

Sat, 09/01/2012 - 13:08 | Link to Comment Silver Bug
Silver Bug's picture

QE to infinity!

 

http://jimrickards.blogspot.ca/

Sat, 09/01/2012 - 13:48 | Link to Comment Id fight Gandhi
Id fight Gandhi's picture

The world needs ditch diggers too

Sat, 09/01/2012 - 17:14 | Link to Comment smlbizman
smlbizman's picture

i think it has been decided....and a pond will be good for us...

Sat, 09/01/2012 - 17:24 | Link to Comment Fred Hayek
Fred Hayek's picture

Actually, with excavating machines and backhoes, the world needs almost none.

Sat, 09/01/2012 - 22:39 | Link to Comment smlbizman
smlbizman's picture

see ghandi quoted a line from the movie caddyshack....i was refering to a line from the same movie were a  rich guy said to the low level greenskeeper...he said he had a pool and a pond....and than said to the poor guy a pond would be good for you...so i was making zero reference to the earths needs for ponds...sorry i confused you...

Sat, 09/01/2012 - 22:21 | Link to Comment Freddie
Freddie's picture

F Barrons.   The stock market is "up' (sic) because interest rates are zero and the Skynet Algos are buying to get the muslim reelected.

Sat, 09/01/2012 - 10:20 | Link to Comment SeverinSlade
SeverinSlade's picture

Instead of a bull on the cover it should be a HFT

Sat, 09/01/2012 - 10:29 | Link to Comment centerline
centerline's picture

The term "investor confidence" really makes me laugh.

Sat, 09/01/2012 - 11:07 | Link to Comment SeverinSlade
SeverinSlade's picture

Algo confidence

Sat, 09/01/2012 - 22:51 | Link to Comment Freddie
Freddie's picture

SkyNets confidence.  They are going to hook the HFT/Algos to the drones.  Sellers will be dealt with harshly.   Just like mobsters in boiler rooms who beat up brokers if they took sell ourders from teh customers being fleeced (true).  

Sat, 09/01/2012 - 17:25 | Link to Comment Fred Hayek
Fred Hayek's picture

Investor confidence is actually Plunge Protection Team hard work.

Sat, 09/01/2012 - 11:19 | Link to Comment mrdenis
mrdenis's picture

I've never seen one of thoes .......

Sat, 09/01/2012 - 10:21 | Link to Comment lettuce
lettuce's picture

the quintessential kiss of death is back.

Sat, 09/01/2012 - 10:47 | Link to Comment Tinky
Tinky's picture

That cover will eventually become a beautiful forensic metaphor for the dishonesty and delusion that currently define these times.

Sat, 09/01/2012 - 10:28 | Link to Comment Meesohaawnee
Meesohaawnee's picture

like Barrons ever had any credibility at least to this reader. even way back what always bothered me about them is they write like they are the masters of the market.. Almost arrogant. That hasnt been worth 5 bucks in a decade in my world. If the print media, and im talking all, doesnt stop having the appearance being pr firms you think they have problems now. Just wait.

Sat, 09/01/2012 - 10:28 | Link to Comment SeattleBruce
SeattleBruce's picture

The question isn't why the bull is still standing (HFTs and algos in a super thin market), but what's happening inside the bull - the retail investors have left in droves and continue to do so.  Can't bode well, and someday soon there'll be no one to sell to.

Sat, 09/01/2012 - 11:05 | Link to Comment ltsgt1
ltsgt1's picture

The bull is still standing because there is no one to sell to.

Sat, 09/01/2012 - 11:48 | Link to Comment Rainman
Rainman's picture

there are still plenty out there willing to buy the bull's shit, though.

Sat, 09/01/2012 - 13:11 | Link to Comment Umh
Umh's picture

Having no one to sell to is a formula for a crash.

Sat, 09/01/2012 - 15:50 | Link to Comment ltsgt1
ltsgt1's picture

It will not crash until the big boys are forced to sell even no one wants to buy. That time will come when they ran out of money to keep the market levitated.

Sat, 09/01/2012 - 10:31 | Link to Comment Hype Alert
Hype Alert's picture

Investors' confidence?  They really mean computers printing fake bids and asks.

 

In a couple months you can bring out the "Double Dip?  Hell No" cover.

Sat, 09/01/2012 - 10:34 | Link to Comment Vegetius
Vegetius's picture

Space: The final frontier
This is the voyages of the Starship Central Bank
Its yearly mission
To explore strange new ways to prop up the economy
To seek out new lies and new bonuses
To boldly go where no man has gone before or every will again!

"Err, the engines of growth cannae take any more, captain. She's gonna blow!"

Sat, 09/01/2012 - 10:56 | Link to Comment CrockettAlmanac.com
CrockettAlmanac.com's picture

Captain: Bennie, how long before QE is back on line?

Bennie: At least six months, Captain. We're already pushed to the limit and ready to blow.

Captain: If only we had some ZIRP.

Bennie: ZIRP? You've got it. All banks have excess reserves.

Captain: Bennie, you've just earned your annual bonus. Stand by. Fire!

Sat, 09/01/2012 - 13:23 | Link to Comment dracos_ghost
dracos_ghost's picture

Captain: Bones, how's the economy doing?

Bones:   She's dead Jim.

Captain: Damn, you grab the Green chick and I'll meet you in the Hamptons.

Sat, 09/01/2012 - 14:19 | Link to Comment hannah
hannah's picture

star wars beats star trek EVERYDAY>>>>YAHHHHHHHHH....!

Sat, 09/01/2012 - 10:38 | Link to Comment LongSoupLine
LongSoupLine's picture

Can't wait for William Banzai to get a hold of this one...priceless.

Sat, 09/01/2012 - 10:46 | Link to Comment Inthemix96
Inthemix96's picture

BULLish?

BEARish?

Who gives a fuck now then?

Sat, 09/01/2012 - 10:49 | Link to Comment DavosSherman
DavosSherman's picture

What fucking morons!

Sat, 09/01/2012 - 11:05 | Link to Comment intric8
intric8's picture

There are no sheeple left to enable the Barron's contrarian cover indicator to kick in. You need dumb money, and there used to be alot of that. Not anymore. It's quant vs quant and algo vs algo now. May the best Battlebot win.

Sat, 09/01/2012 - 13:20 | Link to Comment dracos_ghost
dracos_ghost's picture

Never underestimate the stupidity of a pension fund manager. They will come charging with the rest of the herd for EOY "performance" through October. Then let's see gravity work it's magic.

Plus, as soon as Germany validates the ESM(I believe Merkel is the only one with testicles left in the EU), Benny the Bull will step in and give early holiday gifts to the Street.

Sat, 09/01/2012 - 11:07 | Link to Comment Centurion9.41
Centurion9.41's picture

Hmmmm, granted the great counter indicator meme can always ring true when covers flip-flop implicative themes faster than the best flip-flopping politician.

But can a cover that claims a falsehood, i.e. of "investor confidence" remaining undentable - when at the same time the whole investment world claims the retail investors remain away, licitly qualify?

Who is the bigger fool, the fool or the one following the fool?

Or the one following a lying fool?

But then again, all this talk is talk about a market that doesn't exist but rather a machine made be the master Benank & the CB cabal.

Sat, 09/01/2012 - 11:42 | Link to Comment Lucius Corneliu...
Lucius Cornelius Sulla's picture

This is about as bearish as it gets.  Baton down the hatches!

Sat, 09/01/2012 - 11:43 | Link to Comment Number 156
Number 156's picture

Has Barron's even bothered to check the investor outflows YTD?

Sat, 09/01/2012 - 11:51 | Link to Comment williambanzai7
williambanzai7's picture

BULL AND BUBBLES

Sat, 09/01/2012 - 13:19 | Link to Comment SubjectivObject
SubjectivObject's picture

Up numbered.  This is a good one.

A minor modification would be stronger intimation with medeval styled animistic symolism of the chaired satan.

 

In the spirit, here's an oldie but goodie:

[hmmmm. linky doesn't work (the Drawing Board parody), hmmmmm, later]

Sat, 09/01/2012 - 11:55 | Link to Comment yogibear
yogibear's picture

Whatever the bots decide. The bots with the best algorithms take and bankrupt those that are not so great. 

http://www.youtube.com/watch?v=jcMRp9TVF5Y&feature=related

Sat, 09/01/2012 - 11:55 | Link to Comment Nid
Nid's picture

I'm a believer in the Contrarion Indicator, but I shorted the "Dow 15,000" Barron's cover from March...

Sat, 09/01/2012 - 12:34 | Link to Comment russwinter
Sat, 09/01/2012 - 12:53 | Link to Comment radicall
radicall's picture

They missed a picture of Bernanke behind the bull

Sat, 09/01/2012 - 13:34 | Link to Comment ebworthen
ebworthen's picture

The delusion that the U.S. is not an economic and democratic Ponzi Scheme is what is really Teflon coated.

The debt fluffed broken barometer stock market hangs on the wall in the house of shame gathering dust.

Sat, 09/01/2012 - 13:42 | Link to Comment Arnold Ziffel
Arnold Ziffel's picture

Buy, buy and buy more. Print, print and print some more to buy.

Keep...market...up......

Sat, 09/01/2012 - 13:45 | Link to Comment ptoemmes
ptoemmes's picture

I don't think the cannon is at all represenattive of what's coming....ICBM based MIRVs would seem more appropo - perhaps in other than analogous ways as well.  Do you love the smell/stench of nuclear well done beef?

But, WB7 aside probably a tad harder to depict on a magazine cover.

Ooh, ooh - the Obama ChangeyHopeyDroney circling the bull?!

 

Pete

Sat, 09/01/2012 - 13:53 | Link to Comment oldfruit1
oldfruit1's picture

problem with terms like BULL & BEAR market is that they do not reference any time frame .. i agree with tyler that there will be a almighty correction at some point, but the question is WHEN! a lot of individuals as well as funds have been burnt trying to short this market and have been carried out with the market rolling over them .. at the moment the market (S&P 500, DOW, FTSE) seems to be stuck in a no mans land and we are going sideways. it will take a major catalyst to knock the market lower, a default in europe, official change in policy at the fed (perhaps post benanke if obama loses the election?), a country leaving the eurozone, a major bank default on bad debt. if this doesnt happen i believe the market will just continue drifting, politicians seem to be committed to taking action (long term a lot of these decisions may well prove to be idiotic) which is helping the market chugg along in the near term..

 

    

Sat, 09/01/2012 - 14:27 | Link to Comment francis_sawyer
francis_sawyer's picture

Just buy the fucking dip bitchez!

Sat, 09/01/2012 - 14:47 | Link to Comment monopoly
monopoly's picture

Well guys, sorry, as long as there is confetti coming into this market from the Central Planners, inflation will continue to move higher. And we will put more confetti into stocks to keep pace with the devaluing of the dollar.

What makes it right for me is that I feel certain miners are so under valued and gold, silver should move higher over time, well, I am comfortable owning "stocks".

Now, don't get me wrong, we are not talking the extreme values of AMZN PCLN CMG or NFLX. No, no. not that under valued. :)

But good value none the less. And I feel good owning my stash.

Sat, 09/01/2012 - 16:49 | Link to Comment Venerability
Venerability's picture

That cover is clearly pro-Hedgie propaganda!

Notice that the Bull is depicted with a Satan-like grin - and is that a forked tail?

Meanwhile, the Bear - representing all those worthy and noble underperforming Hedge Funds - is adorable and cuddly, obviously deserving of honey and salmon, not to mention curds and whey. 

Sun, 09/02/2012 - 15:46 | Link to Comment Venerability
Venerability's picture

Not only was my post witty, it was absolutely accurate.

Not giving it a bunch of UP arrows shows that ZH is back in Smarmy Mode - which is pretty much always Bullish.

Once again: While the Fed will almost certainly do something QE or QE-ish in September, actions taken before the meeting by the ECB and China - that's China! - will make whatever the Fed does almost moot, anyway.

Worlwide Shorts United may still have power - but it is a greatly diminished power from what it was four years ago.

This is partly because, as others besides me have pointed out, Naive Sheeple individuals or small funds are becoming an endangered species. That sort of "game" is just not there anymore in the developed markets. There of course may be some left in emerging markets as they develop. But the EMs are tightly held at this point, with many Dark Pools of their own.

Meanwhile, one cannot underestimate the propaganda campaign just getting started, really, against the HFTs and Non-Productive Capital of all sorts.

Look at the news breaking today about another attack on LBO firms.

And various GOP commentators are finally taking up the Growth is the Message banner - alas, too late, but it shows what is ahead the next several years.

Sat, 09/01/2012 - 21:09 | Link to Comment ATG
ATG's picture

For the estimated 90 M Americans who will not vote for 0 or MR, here's a candidate who can win if he gets their votes and D's and R's stop suing to keep him off the ballot:

http://www.omaha.com/article/20120901/NEWS13/709019925/1016

http://www.garyjohnson2012.com/

New Mexico Governor Gary Johnson, private construction business owner with 1000 employees, growing energy economy and employment, no IRS, no NeoCon, No Drug Wars, Liberty, Peace and Prosperity, wants to draft Ron Paul.

Currently polling 7%, three times previous Presidential Libertarian candidates.

If America wakes up by 6 November 2012, 90 M Americans could make a difference.

Hope that is not asking too much.

Pass the link along and we shall find out:

http://silversenator2012.blogspot.com/2012/08/the-neocon-agenda-is-loser.html

Why not end the dope duopoly crisis with a clean Constitutional candidate?...

Sat, 09/01/2012 - 22:40 | Link to Comment Diablo
Diablo's picture

Oct 17, 2011 cover: "time to buy"

Feb 13, 2012 cover: "dow 15,000"

hate to say it but, ZH is quickly losing relevance with their one-sided (and wrong) stories.

 

Sun, 09/02/2012 - 02:43 | Link to Comment juwes
juwes's picture

U.S. Corporations, or white people, first enslaved blacks and eventually, Native Americans.  They exterminated the Native Americans, and continued employing black slaves until civil war broke out.  Once that ended, they imprisoned the ones they could, replacing slave labor, with prison labor.

Now they're much more efficient.  They have asians and other off-white colors do the slave labor, safe and sound across the ocean, without the threat of civil war.

They allow some of their own citizens to print money and buy the things being made by the slaves overseas.  They make their own citizens into wage slaves to keep them busy and miserable, so they won't mess with the system.

The stock market is filled with corporations which are utilizing overseas slave labor at huge profit and huge competitive advantage.  At this stage, no one should be betting against the stock market.  It represents the last bastion of polyarchichal rich white guy passive wealth creation and protection in a zero interest rate world.

White people have always been the most gifted cheaters of the universe, enslaving and tricking others into worshipping them as kings and queens.  White people represent a kind of person in power, not necessarily anyone who happens to be white (in case you're sensitive about the color of your skin).

On this basis I expect Dow 20,000 by March.  Yes, that's due in part to inflation.

Sun, 09/02/2012 - 12:29 | Link to Comment Winston of Oceania
Winston of Oceania's picture

Not fer nothin there skippy but the black slaves were purchased from black slave traders and you are now lumping hispanic peoples together with whites. Oh and those are the very same slave traders that have been in business in that part of the world for a millenia or more, still going strong today.

http://www.infoplease.com/spot/slavery1.html

Mon, 09/03/2012 - 02:08 | Link to Comment Ar-Pharazôn
Ar-Pharazôn's picture

biggest slave trader in history were arabs.... i m just saying......

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