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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ihedgemyhedges's picture

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

Can even learn from Caddyshack.....

strannick's picture

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

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.


AlaricBalth's picture

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

banksterhater's picture

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

no taste's picture


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.

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.

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.

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?

hannah's picture

by superficial mean obama..?

Roandavid's picture

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

GetZeeGold's picture



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


How hard is this to understand?


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.

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.

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


"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."

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 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.

LawsofPhysics's picture

"you should debate the performance of obama and rohmney"


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.

Dr.Engineer's picture

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

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, 


cifo's picture

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

Id fight Gandhi's picture

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

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.

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.


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.


midtowng's picture

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

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.

Frozen IcQb's picture

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

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.'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...

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.

banksterhater's picture


MiltonFriedmansNightmare's picture

Earnings look good because the accounting is fraudulent.

There fixed it for ya.

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.

akak's picture

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

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.


Id fight Gandhi's picture

The world needs ditch diggers too

smlbizman's picture

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

Fred Hayek's picture

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

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 i was making zero reference to the earths needs for ponds...sorry i confused you...

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.

SeverinSlade's picture

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

centerline's picture

The term "investor confidence" really makes me laugh.

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).  

Fred Hayek's picture

Investor confidence is actually Plunge Protection Team hard work.

mrdenis's picture

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

lettuce's picture

the quintessential kiss of death is back.

Tinky's picture

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

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.