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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davinci7_gis's picture

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

MendozaErika's picture

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

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.

Winston Churchill's picture

Don't hold back.

Say what you really think.

WhiteNight123129's picture

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

Ahmeexnal's picture

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

JeffB's picture

and spammers should be sent to the can.

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

smlbizman's picture

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

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.

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?

theTribster's picture

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

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!"

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?

SPADOC4's picture



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

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.

q99x2's picture

We have Alex Jones and Carnivora.

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...



…_…|..__________ __________, ,
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…../_==o;;;;;;;;__ _____.:/
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Freddie's picture

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

GubbermintWorker's picture

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

Paul Atreides's picture

450 MILLION rounds of hollow point ammunition agrees.

Matt's picture

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

CHX's picture

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

Alien Harvest's picture

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

Pairadimes's picture

Many US citizens are ostriches.

GubbermintWorker's picture

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

Matt's picture

Ostriches are a result of US Citizenism.

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.

Stimulati's picture

Milton Friedman style QE is doing nothing but making bankers rich

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. 




Stimulati's picture

That would be news to us Keynesians

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.

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.

FreeMktFisherMN's picture

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

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?)

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.

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.

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

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.

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.