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Biderman: "Everyone Is Now A Seller Of US Stocks"

Tyler Durden's picture


Focusing on his supply-demand perspective of what drives stock prices and the heavy volume of corporate selling combined with mutual fund outflows that we have been so vociferous about, Charles Biderman of TrimTabs provides color on why, just like in 2010 and 2011, markets sold off in May. Whether you believe it is explicitly the angst-inspiring European malaise, Facebook's flop, or US macro deterioration and a pending fiscal cliff - the real driver is more shares chasing less cash as he puts it and reflexively the news exaggerates it or stalls it. Stock prices are likely to keep dropping, no matter what, until the Fed announces the next stimulus/easing (as we all know) but unfortunately this will have no impact on the real economy (though stocks will pop). Biderman berates the Fed for its constant insistence that this time is different and as far as the election 'our policies will bring about sustainable recovery and jobs' promises we will hear from both candidates, he succinctly summarizes thus: "What Bullshit! Where we are now as a world is: it's ok for governments to lie for their own benefit".

One of his better rants that escalates more and more as the brief 4 minutes or so goes on...

and ends with a great question:

"Why are bankers, union bosses, and government officials not going to prison for committing fraud against all of us?"


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Thu, 05/31/2012 - 17:33 | 2481290 davinci7_gis
davinci7_gis's picture

Yep...he's right on the money!

Thu, 05/31/2012 - 17:38 | 2481323 MendozaErika
MendozaErika's picture

my friend's mother makes $82 every ho­ur on the computer. S­e­tu­p a fr­e­e ac­co­u­nt on

Thu, 05/31/2012 - 17:49 | 2481373 DosZap
DosZap's picture

my friend's mother makes $82 every ho­ur on the computer. S­e­tu­p a fr­e­e ac­co­u­nt on

Take this VIRUS ridden POS off here.

Thu, 05/31/2012 - 18:39 | 2481579 Winston Churchill
Winston Churchill's picture

Don't hold back.

Say what you really think.

Thu, 05/31/2012 - 20:39 | 2481897 WhiteNight123129
WhiteNight123129's picture

my friend's mother makes $82 every ho­ur BEHIND the computer's WEBCAM. S­e­tu­p a fr­e­e ac­co­u­nt FOR YOUR GIRLFRIEND on

Fri, 06/01/2012 - 01:42 | 2482634 Ahmeexnal
Ahmeexnal's picture

can't be a seller.....if there are no buyers

Thu, 05/31/2012 - 17:49 | 2481376 GubbermintWorker
GubbermintWorker's picture

Spam should come in a can.

Thu, 05/31/2012 - 21:39 | 2482091 JeffB
JeffB's picture

and spammers should be sent to the can.

Thu, 05/31/2012 - 17:53 | 2481394 montana1978
montana1978's picture
Get out of the U.S. stock market, it's nothing more than an overglorified casino!


Brand New (Non-Titled) 2013 Ford Mustang Shelby Cobra 2 Door Convertible

Thu, 05/31/2012 - 20:53 | 2481943 PersonalRespons...
PersonalResponsibility's picture

lol Comic relief

Thu, 05/31/2012 - 18:21 | 2481520 smlbizman
smlbizman's picture

i lost a little for the biderman when he was excitied that he got facefuck at 30.00....

Thu, 05/31/2012 - 19:35 | 2481725 world_debt_slave
world_debt_slave's picture

I don't take the advice on talking heads, no one can know what the market is likely to do with as much manipulation going on.

Thu, 05/31/2012 - 18:39 | 2481532 Soul Train
Soul Train's picture

Business Week talks about cheap money. How is Bozo Ben's replacement going to get out of this hole??? Answer: Gold and silver. Heavy on silver. Listen up, buy PM now and go for the physical.

Extract from the article:

Marinate your mind in this for a minute: Long-term U.S. Treasury yields are essentially at a 220-year low, says Barry Ritholtz. Mind you, 1792 was when two dozen brokers met under a buttonwood tree in Lower Manhattan to shake hands on what would ultimately become the New York Stock Exchange. And when George Washington, while test-driving his second set of experimental dentures, cast the nation’s first presidential veto. And France first successfully used its guillotine. Those 220 years traversed at least three panics, two depressions, two world wars, multiple global economic crises, a Great Recession, and “Who Shot J.R.?”

All that history be damned; on Thursday the 10-year Treasury touched a record-low yield of 1.5309 percent. Thirty-year bonds, for their part, fell to a yield of 2.6 percent, which is just above the all-time low they set in the midst of the Panic of 2008. Apparently our times are so fraught with fear and the need to flee to safety that the Treasury market is pricing in historic amounts of misery. As the Wall Street Journal’s Dennis Berman tweeted, “Even in ancient Babylon (4%), Medieval Europe (6%), 1800s America (4%), no one was paying 1.6% for 10-year money.”

Why would anyone loan money to Uncle Sam for so long at so little?

Thu, 05/31/2012 - 19:20 | 2481692 theTribster
theTribster's picture

Many of the funds don't have a choice, they have to buy some.

Thu, 05/31/2012 - 17:33 | 2481291 NooooB
NooooB's picture


Thu, 05/31/2012 - 17:34 | 2481294 NooooB
NooooB's picture



Thu, 05/31/2012 - 17:51 | 2481381 GubbermintWorker
GubbermintWorker's picture

Close only counts in horseshoes and grenades.

Thu, 05/31/2012 - 21:24 | 2482039 spanish inquisition
spanish inquisition's picture

and pulling out in time

Thu, 05/31/2012 - 21:26 | 2482048 NooooB
Thu, 05/31/2012 - 17:54 | 2481400 GubbermintWorker
GubbermintWorker's picture

Aren't you glad you're not first with such a lame post? I mean...,"1st"? That's the best you can do? At least resort to the old standby of "Gold Bitchez!"

Thu, 05/31/2012 - 18:00 | 2481438 Hubbs
Hubbs's picture

relax, he's just trying to carry on the tradition we had years ago on Nouriel Roubini's blog before he shut it down.

Pete, CA

Average Jane

Where are you?

Thu, 05/31/2012 - 22:05 | 2482184 SPADOC4
SPADOC4's picture



Das righ... I said, SILVER......BiTCHeZ

Thu, 05/31/2012 - 17:34 | 2481296 LawsofPhysics
LawsofPhysics's picture

"Why are bankers, union bosses, and government officials not going to prison for committing fraud against all of us"

The only question, that if dealt with, would fix anything.  History is not on our side.

Thu, 05/31/2012 - 17:49 | 2481371 q99x2
q99x2's picture

We have Alex Jones and Carnivora.

Thu, 05/31/2012 - 17:54 | 2481389 NewWorldOrange
NewWorldOrange's picture

History not on our side? There's really no historical precedent. We're a nation of very heavily armed citizens. And only one thing is going to "fix" things...



…_…|..__________ __________, ,
……/ `—___________—- _____|]
…../_==o;;;;;;;;__ _____.:/
…..), —.(_(__) /
….// (..) ), —-”

Thu, 05/31/2012 - 19:09 | 2481667 slewie the pi-rat
slewie the pi-rat's picture

don't taZe me, bro!

Fri, 06/01/2012 - 00:41 | 2482553 Freddie
Freddie's picture

There is plenty of lamp posts and plenty of rope too.

Fri, 06/01/2012 - 01:46 | 2482636 Ahmeexnal
Ahmeexnal's picture

baseball bats

Thu, 05/31/2012 - 17:55 | 2481406 GubbermintWorker
GubbermintWorker's picture

History, and Eric Holder, is not on our side.

Thu, 05/31/2012 - 18:01 | 2481441 Paul Atreides
Paul Atreides's picture

450 MILLION rounds of hollow point ammunition agrees.

Thu, 05/31/2012 - 19:10 | 2481671 Matt
Matt's picture

LOL someone thinks fraud is not a problem. Or its a serial junker that just loves red arrows.

Thu, 05/31/2012 - 19:25 | 2481704 CHX
CHX's picture

Well, during the French revoution, some officials lost (figuratively and literally) their heads. 

Thu, 05/31/2012 - 17:34 | 2481299 Alien Harvest
Alien Harvest's picture

Many U.S. citizens believe that the Ostrich is the next step for Human evolution.

Thu, 05/31/2012 - 17:46 | 2481355 Pairadimes
Pairadimes's picture

Many US citizens are ostriches.

Thu, 05/31/2012 - 17:52 | 2481391 GubbermintWorker
GubbermintWorker's picture

Only is that hole has a TV with American Idol or Dancing with the Stars playing on it.

Thu, 05/31/2012 - 19:13 | 2481676 Matt
Matt's picture

Ostriches are a result of US Citizenism.

Thu, 05/31/2012 - 20:31 | 2481866 Rubbish
Rubbish's picture

Been there, am it.

Thu, 05/31/2012 - 17:37 | 2481308 CommunityStandard
CommunityStandard's picture

"Why are bankers, union bosses, and government officials not going to prison for committing fraud against all of us?"

Because the people with the power to press charges are all part of the same club.  Accountability won't happen until the people demand it, and the people won't demand it until the bread and circuses run out.

Thu, 05/31/2012 - 17:36 | 2481311 Stimulati
Stimulati's picture

Milton Friedman style QE is doing nothing but making bankers rich

Thu, 05/31/2012 - 18:08 | 2481359 FreeMktFisherMN
FreeMktFisherMN's picture

Chicago school and Austrian school are not the same. Friedman seemed to have had a libertarian streak, but still was fine with-staunchly in favor of, in some cases - government intervention/propping up failed entities. 

Chicago school is neoclassical economics which is basically Keynesian.


Moral hazard that comes about from perverting risk assessment and distorting proper valuations is not just some outdated whimsical, aw shucks kind of ideal; it has real consequences.


Laissez faire [leave (markets) alone], please. 




Thu, 05/31/2012 - 18:17 | 2481507 Stimulati
Stimulati's picture

That would be news to us Keynesians

Thu, 05/31/2012 - 18:54 | 2481630 FreeMktFisherMN
FreeMktFisherMN's picture

Good point. This is laissez faire headquarters.


I guess it's just out of habit, as far as assuming people are oblivious to the Austrian school.

Thu, 05/31/2012 - 21:38 | 2482073 Fred Hayek
Fred Hayek's picture

Oh please. There are NO actual Keynesians. None. Its membership is the null set. There was no one now claiming to be a Keynesian who was shouting from the rooftops circa 1998 that the U.S. had to not just sort of approach a balanced budget but run big surpluses and pay down debt so that when things went bad the government could do a ton of spending out of sync with the business cycle. That's what keynesian economics actually prescribes and there was no one advocating it. It's what makes abject fools like Paul Krugman even worse in that he thinks of himself as one but never ever prescribed the difficult, run a surplus part of the game. True keynesianism is like true communism, an idea that some people occasionally espouse but which is so unrealistic that no one ever tries to go all the way with it.

Thu, 05/31/2012 - 19:26 | 2481705 FreeMktFisherMN
FreeMktFisherMN's picture

Edit: Moral hazard is not an 'ideal.' I meant something like 'warning'.

Thu, 05/31/2012 - 17:42 | 2481343 moofph
moofph's picture

"Why are bankers, union bosses, and government officials not going to prison for committing fraud against all of us?"

...(sounds lke a Jeopardy question from the SHTF category)

answer: What is fascism in America, Alex.

 ...(or is it Bullshitism?)

Thu, 05/31/2012 - 17:47 | 2481360 Zola
Zola's picture

"Why are bankers, union bosses, and government officials not going to prison for committing fraud against all of us?"


Because the sheeps are imbeciles. Look at only a small minority voting for RP. They have made their bed, they will have to lie into it. Dont come whining later.

Thu, 05/31/2012 - 17:56 | 2481410 Hubbs
Hubbs's picture

it's Ron Paul or anyone else. doesn't matter who else.

Obama: He will tax and inflate your money and give to the non productive eaters

Mitt: His rich cronies will steal your money and keep it for themselves.

Either way, your money is gone. "give" it away to those who vote for a living or have it taken away by those who do nonproductive " God's Work"

the problem is, even if Ron Paul got the majority of votes, the elections would be rigged. As Stalin said, it doesn't matter how the people vote. It matters who counts the votes.

Thu, 05/31/2012 - 21:17 | 2482015 dougngen
dougngen's picture

I love RP but he could never win... alas the charisma of a goat. But he is doing what has to be done; an idea is more dangerous than any gun. He has planted the seeds of personal libertly and Austrian economics in the minds of those who can see the truth for what it really is.

And your right, he would be killed outright or the election rigged by Deibold et. al

Thu, 05/31/2012 - 17:48 | 2481365 pacu44
pacu44's picture

He does realize that he is one of the first to go to a re-education camp?

CB rocks, I worry for his safety.

Thu, 05/31/2012 - 17:48 | 2481367 Pairadimes
Pairadimes's picture

I sure hope we don't have to wake up one morning to learn that this fellow reportedly succumbed to carbon monoxide poisoning in his garaged car overnight.

Thu, 05/31/2012 - 17:51 | 2481379 Yellowhoard
Yellowhoard's picture

"Why are bankers, union bosses, and government officials not going to prison for committing fraud against all of us?"

Ummm...because they are evil, satanic, misanthropic, perverts and pathological liars?

Thu, 05/31/2012 - 18:05 | 2481464 Jreb
Jreb's picture

Ding ding ding!

Thu, 05/31/2012 - 18:09 | 2481484 Josh Randall
Josh Randall's picture

Hmmmm...I like what you've done here...

Thu, 05/31/2012 - 18:07 | 2481479 slewie the pi-rat
slewie the pi-rat's picture

charles!  smoke summa this, dude...

"red" sails in the sunset?  red sales at morn, bullshit is born?

this has been a busy day and tyler is now face-down but missed the vomit (which wasn't his, btw, and was due to a first impression of fat-rendering, not drinking solvents)

here's sume sommary for the simmering summer

  1. initial claims: 383K;  expected: 368K  prev:  373K
  2. chiTown PMI:  52.7: exp:  57.0;  p: 56.2
  3. Q1 GDP:  1.9%;  exp:  2.0%;  p:  2.2%
  4. Q1 GDP Deflator:  1.7%;  exp:  1.5%;  p:  1.5%
  5. ruh-roh
Thu, 05/31/2012 - 18:21 | 2481521 fuu
fuu's picture

When the Generals Talk - Midnight Oil (from the red sails in the sunset album)

Thu, 05/31/2012 - 18:21 | 2481522 Silvertrader
Silvertrader's picture

In many cases trading stocks can be replaced by trading cfd's on stocks. It's much cheaper and you can easy get leverage. You can also trade cfd's on an index or on commodities. I do it for some time now and i like it a lot.

Thu, 05/31/2012 - 18:27 | 2481536 Boilermaker
Boilermaker's picture

This guy is going to have a tradgic and completely unexpected accident.

Thu, 05/31/2012 - 18:43 | 2481601 OneEyedJack
OneEyedJack's picture

if he does

I hope his Coroner is in good health

just sayin

Thu, 05/31/2012 - 18:42 | 2481590 orangegeek
orangegeek's picture

The stories and commentary pile up and the primary elliott wave count remains bearish.

Thu, 05/31/2012 - 19:36 | 2481728 ghenny
ghenny's picture

Go Elliott Wave even though you keep morphing into new forms retrospectively and have never proved prescient.  Reminds me of the Kondratieff cycle we learned about in college economics.  One minute it 50 years the next its 70 years.

Thu, 05/31/2012 - 18:42 | 2481591 robertocarlos
robertocarlos's picture

Prepare for a deflationary depression. Get out of debt. King dollar has arrived, for now.

Thu, 05/31/2012 - 19:03 | 2481651 10mm
10mm's picture

Fuck debt in the ass,walk.

Thu, 05/31/2012 - 18:42 | 2481592 Chartist
Chartist's picture

I don't want bankers in jail...I want them hanged.

Thu, 05/31/2012 - 18:53 | 2481622 BlackholeDivestment
BlackholeDivestment's picture

Charlie, this video is PERFECT!!! 

I am compelled to express my ''love'', there is no other word possible, for your clarity and perfect words. You have offered to the public, lucky enough to bare witness, your obvious heartfelt analysis, and it is clear to see you are not only a good man for doing so, I must declare that you are a ''great'' man, and I agree with you. LMAO.  Suddenly I feel cheap for saying that last part. Lol. From my whole heart, thank you so much.  

I am declaring a title ''change'' to the following song in your honor. I shall now refer to the score as ''POTUS Delight Chairsatan's Theme The Resonance of Futility'' 

''Bonus'' Track (LMAO)


Thu, 05/31/2012 - 19:01 | 2481646 tom a taxpayer
tom a taxpayer's picture

Bless you, Biderman!

Thu, 05/31/2012 - 19:15 | 2481680 Eric L. Prentis
Eric L. Prentis's picture

More ridiculous Fed quantitative easing (QE) only helps the 1%, but actually hurts the real economy. America is experiencing the worst economic recovery from a recession, ever! QE only helps inflate the stock and commodity markets.


President Obama, if he wants to lose in 2012, will let Bernanke print more money.




Thu, 05/31/2012 - 19:21 | 2481695 SheepDog-One
SheepDog-One's picture

Agreed on the overall conclusion, only thing is Obama has nothing to do with the central banksters printing more QE or not, they tell him what theyre going to do.

Thu, 05/31/2012 - 19:40 | 2481688 SheepDog-One
SheepDog-One's picture

Biderman....isnt this the guy who said hes going in FB IPO big time and stocks and gold would rise on the IPO? 

Yep. Biderman's Daily Edge 5/14/2012: Stocks & Gold Should Rally Post Facebook IPO - YouTube

So now that hes said everyone is selling US stocks, I guess now we'll get +1,500 on the DOW tomorrow.BIDERMAAAANNNNNNNNNNNNNNNNNNNNNNNNNNNNNNNNNNNNNNNNNNNNNNNNNNNNNNN!

Thu, 05/31/2012 - 20:17 | 2481823 veyron
veyron's picture

If you listened to biderman since the beginning of the year you'd have a million dollars, provided you started with 100 million dollars.

Thu, 05/31/2012 - 21:17 | 2481991 BlackholeDivestment
BlackholeDivestment's picture, Killjoy.

The Truth is not a choice.  


If ''the host'' claim is ''there is no such thing as Truth'', is that a choice? lol, or the Truth talking? Lol.

Fri, 06/01/2012 - 03:15 | 2482708 fourchan
fourchan's picture

it must drive him mad to be right for so long.

Thu, 05/31/2012 - 19:27 | 2481709 Eric L. Prentis
Eric L. Prentis's picture

I love what Charles Biderman says, you are the man.

Thu, 05/31/2012 - 21:49 | 2482127 Winston Smith 2009
Winston Smith 2009's picture

"Why are bankers, union bosses, and government officials not going to prison for committing fraud against all of us?"

Obvious answer to that, the bankers and, to a lesser extent, the union bosses OWN the government and government officials OWN the "justice" system.  So, neither their owners nor the pols themselves are ever going to see the inside of a prison cell.

Thu, 05/31/2012 - 21:57 | 2482156 Westcoastliberal
Westcoastliberal's picture

Kudos to Biderman for speaking the truth and somehow I've got a feeling we will be hearing/viewing/reading a lot more posts like this.

Somehow, I have the feeling this will be a Summer to Remember!


Thu, 05/31/2012 - 22:02 | 2482174 SPADOC4
SPADOC4's picture


Thu, 05/31/2012 - 23:07 | 2482381 tony bonn
tony bonn's picture

""What Bullshit! Where we are now as a world is: it's ok for governments to lie for their own benefit".

the usa is controlled by nazis ....ever since prescott bush and averell harriman set up banks and funding for hitler, the usa has become a rabidly nazi state just like the bush crime syndicate have always wanted....

all so appropriate as zh flashes an ad by the koch sucker brothers who want a candidate for some office defeated....i need to look into that one...

Fri, 06/01/2012 - 02:41 | 2482683 Andy Lewis
Andy Lewis's picture

"What Bullshit! Where we are now as a world is: it's ok for governments to lie for their own benefit".

Well. they sure aren't lying for our benefit.


Fri, 06/01/2012 - 07:05 | 2482938 justsayin2u
justsayin2u's picture

American culture has created a land of pussys.  If anyone speaks the truth you are shunned and deemed negative.  Just watch anyone on cnbs or other media that suggests the state, local, and federal pols are crooks whistling past the graveyard or that stocks may be over valued or that borrowing too much is bad.  A lot of people will be hurt by this common unconsciousness and lies.

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