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Bob Janjuah: "Payback For The Rally Is Coming In Q2"

Tyler Durden's picture




 

Bob "The Bear" Janjuah may appear a little greyer than his previous appearance on Bloomberg TV but his thoughts on the 'weaker-for-longer' recovery are as clarifying as ever as he sees Q2 as payback time for the misunderstanding of a mini US business cycle as a real sustainable recovery. Noting that the LTRO does not fix Europe, he sees the worst still ahead for the 'Eurozone mess'. Discussing expectations for Fed QE3 and moderating growth in Asia/EM, he believes that markets are likely to get ahead of themselves (or have done) even as he recognizes his potential underestimation of the market's perception of LTRO's impact on sentiment (pulling forward risk appetite from a QE-driven Q2 rally to the current Q1 ripfest). As we have argued, Bob notes that we are simply not addressing growth or solvency and Q2 will be the payback (looking for a 1000 print in the S&P 500 index by quarter-end) for the policy- and liquidity-driven rally we are undergoing.

 

 

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Thu, 01/19/2012 - 18:27 | 2079482 Jason T
Jason T's picture

Grey.. Bitchez

Thu, 01/19/2012 - 18:50 | 2079563 redpill
redpill's picture

Gee, here's the one guy we'll have on the entire broadcast day with a contrarian perspective so we'll go ahead and repeatedly call him a cartoonish nickname to make sure viewers know that this is all sort of a temporary lark and we'll get right back to trivial shit shooting interviews about hot stocks, how the latest European solution will solve everything, how unstoppable the American consumer is, and S&P going to the moon.  Fucking Bloomberg.

 

And how about this anchor, "Let's put this in terms everyone can understand: US Stock Prices" - screw off, wanker.

 

 

Thu, 01/19/2012 - 19:35 | 2079690 JW n FL
JW n FL's picture

 

 

I said S&P 900 on a good day.. Bobby says 800..

well.. look for a buying opurtunity in Metals! Upcoming!! keep some of your gun powder dry!

Thu, 01/19/2012 - 19:40 | 2079706 JW n FL
JW n FL's picture

 

 

(looking for a 1000 print in the S&P 500 index by quarter-end) for the policy- and liquidity-driven rally we are undergoing.

The FIRST! (1st) Number out of anyone's mouth is 800?

How can even ZeroHedge pump the numbers! LULZ!!

Being JP Morgans Shield is such hard work!  

 

Thu, 01/19/2012 - 20:31 | 2079841 Alea Iactaest
Alea Iactaest's picture

shield = shill?

Fri, 01/20/2012 - 00:05 | 2080281 StormShadow
StormShadow's picture

'schild?

Thu, 01/19/2012 - 21:20 | 2079862 ZerOhead
ZerOhead's picture

Volker Rule under heavy stealth attack. Could 'cost' the Banksters $315 billion of your hard earned dollars.

http://creditnewsline.com/news/volcker-rule-to-be-refined-despite-opposi...

 

Best to keep an eye out on this one since it provides the squid an extremely profitable escape route when the infinite amount of soon to be worthless bonds they are currently holding (to suckle the free spread juice) blow. S&P 800 could quickly become S&P 8000 if they don't nail this sucker down.

In other news...

The Fed acquires new bronze sculpture from Italian sovereign asset sale to adorn the Eccles Building.

http://www.google.ca/imgres?q=romulus+remus+wolf&hl=en&biw=1280&bih=661&...

Thu, 01/19/2012 - 19:36 | 2079694 Comay Mierda
Comay Mierda's picture

doing some technical analysis on SPX priced in gold, looks like there will be few weeks or so and before SPX crashes in terms of gold. major wedge forming and MACD indicates SPX is way overbought.  price SPX in silver and it is EXTREMELY overbought

Thu, 01/19/2012 - 23:38 | 2080235 UP Forester
UP Forester's picture

Licking my finger and sticking it out the window, feels like everything is fucked up, rigged, and my finger's turning blue.

 

But that might just be the 40 below wind-chill talking....

Thu, 01/19/2012 - 22:04 | 2080081 Atomizer
Atomizer's picture

 

Lee Adler piped in an interesting podcast today. Food for thought.

Fed Transparency Lies and Market Meltup Mean No QE Coming. You'll need to find the source yourself.

What I find interesting, the KY financial market pumped up bullshit prior to WEP. Enjoy.

http://www.weforum.org/events/world-economic-forum-annual-meeting-2012

Thu, 01/19/2012 - 23:11 | 2080199 disabledvet
disabledvet's picture

Is that the red pill speaking?

Fri, 01/20/2012 - 00:59 | 2080356 vast-dom
vast-dom's picture

Q1 under 1k? Jesus man I had this at 850 for while now -- this market is founded on nutty shit flotsam escaping hopium gas. I'm trading off of the malignant narcissists and I'm down with this strategy as elucidated above.

Thu, 01/19/2012 - 20:48 | 2079887 Cult_of_Reason
Cult_of_Reason's picture

Fed Holds Off for Now on Bond Buys -- No QE3 That the Market Priced In

http://online.wsj.com/article/SB1000142405297020375040457717107287870548...

Thu, 01/19/2012 - 23:32 | 2080225 aus_punter
aus_punter's picture

Bob is the worst kind of scumbag.  Has very strong opinions about the things he knows nothing about and exists to create flow for his employers only.

 

Has anyone noticed that whenever a year end target for S&P 500 is published among all the usual suspects on Bloomberg etc his name is NEVER there.? Why not ? Because he has 0 strength in his convictions, never has, never will. A complete bullshit artist

Thu, 01/19/2012 - 23:41 | 2080241 UP Forester
UP Forester's picture

Yeah, it's totally despicable how he's one of the only people they put on the air anymore that things are totally FUBAR and going downhill like a Slovenian skiier with plastic panties....

Fri, 01/20/2012 - 00:54 | 2080359 RockyRacoon
RockyRacoon's picture

I like the way his beard, complexion, and hair match his teeth.   He's nothing if not fashionable!

Thu, 01/19/2012 - 18:27 | 2079484 mayhem_korner
mayhem_korner's picture

 

 

Mass exodus of funds from Europe (lifeboats!) all flooding the safe haven placebo of the UST, with spillover into US equity markets.  Flight from disaster is not the equivalent of real economic activity and earnings growth. 

The UST is the last bubble.

Thu, 01/19/2012 - 23:18 | 2080205 disabledvet
disabledvet's picture

Mass exodus of people as well. In Spain many have left for Brazil. Of course in the USA "we just move around inside our crazy Continent" so very few are leaving Europe to come here. Canada and Australia I hear however...

Thu, 01/19/2012 - 18:27 | 2079488 fonzannoon
fonzannoon's picture

It makes sense. Most of these assholes can go ahead and book gains tomorrow and beat the market again when the S&P goes nowhere for the next 11 months. They can sit on the beach until then.

Although Like Faber said today Ben is waiting with his next trillion for the first sign of trouble.

Thu, 01/19/2012 - 18:32 | 2079506 mayhem_korner
mayhem_korner's picture

Like Faber said today Ben is waiting with his next trillion for the first sign of trouble

 

But isn't the reality that Benbux are stealthily flowing to the sinking SS Euro, while investors in European securities head for the exits as fast as the Gingerbread Man?  That's basically a QE flight with one-stop in Merkozy's jungle.

Thu, 01/19/2012 - 18:29 | 2079494 ebworthen
ebworthen's picture

Pump, pump, dump.

Remember, 2011 was flat.

If you got in and got out at the right times you did well, but you were chasing the tail of the HFT algo's.

Thu, 01/19/2012 - 18:58 | 2079601 redpill
redpill's picture

They make the meal and feast on it, living off the volatility, meanwhile retail investors are left searching for crumbs on the floor and scratching their asses watching CNBC and thinking Cramer is going to tell them something useful.  Smug financial anchors doing vacuous stories about alpha this and hot stock that, all knowing damn well the poor SOBs on the other end of the boob tube were fucked before they even got out of bed in the morning because the squid owns every last fucking shred of this charade formerly known as a market.

Thu, 01/19/2012 - 19:08 | 2079627 The Deleuzian
The Deleuzian's picture

RP...I 'hope' you're wrong...But 'believe' you're right...I haven't held anything longer than 3-4 days so far this year...Something's just not right...I can hear it, smell it...But just can't see it...But Hell...Look at the Nasdaq from Jan 1st...Who would have thunk!...................

Thu, 01/19/2012 - 21:28 | 2079991 francis_sawyer
francis_sawyer's picture

I really don't know WTF people are wringing their hands about...

Despite the overall "brokenness" of the markets... One axiom has seemed to remain steady...

THE MARKET (or, important "tops") DON'T OCCUR ON BAD NEWS... Taking that into consideration... This all seems normal at this point...

Fri, 01/20/2012 - 01:02 | 2080368 RockyRacoon
RockyRacoon's picture

That was eloquent, redpill.  The truth wrapped up in one concise paragraph.

Thu, 01/19/2012 - 18:29 | 2079496 slaughterer
slaughterer's picture

Last time Bob appeared here, he estimated 13 January would be a good time to get short.  

Thu, 01/19/2012 - 19:04 | 2079619 Rainman
Rainman's picture

...didn't give a year though

Thu, 01/19/2012 - 19:14 | 2079640 msorense
msorense's picture

Who does Bob work for?  Last I checked it was a bank.  Doesn't that answer your question?  He is tool like others out there to bring bears out from hiding only to be slaughtered.  It's amazing that anybody listens to him.

Thanks Bob!

Thu, 01/19/2012 - 20:00 | 2079748 Reese Bobby
Reese Bobby's picture

Since you repeat this theory over and over, what is your real point?  Please map it out for us.

Thu, 01/19/2012 - 23:12 | 2080201 sagerxx
sagerxx's picture

This bear be hibernating....

Thu, 01/19/2012 - 21:27 | 2079988 trebuchet
trebuchet's picture

thats when i dumped my UK bank stock. 

damn. 

Da Big Bull still chasing the numbers up:

* The situation of the euro will be much better in 2012, European Central Bank President Mario Draghi said Thursday. Speaking at a press conference on the margins of a seminar of central banks of the Eurosystem and the Gulf countries, Draghi highlighted that "in the last few months we have observed indeed fantastic progress in improving the fundamentals in many countries, in taking care of fiscal consolidation, in starting addressing structural reforms, so that I would say the merits of the credit of these countries, which had gone down, now it's going up, now it's improving. And the overall situation for the euro will look much better in 2012."



Thu, 01/19/2012 - 18:33 | 2079509 Gubbmint Cheese
Gubbmint Cheese's picture

LOVE Bob. Thx for sharing Tyler.

 

Thu, 01/19/2012 - 18:34 | 2079514 rqb1
rqb1's picture

long term repo will work to delay reality for 3 years.  after that the check comes

Thu, 01/19/2012 - 18:45 | 2079556 SixFeetFromTheHedge
SixFeetFromTheHedge's picture

Markets frontfrun and price in the 3 year LTRO in less than 3 months.

Thu, 01/19/2012 - 18:34 | 2079516 RobotTrader
RobotTrader's picture

I see lots of "Dead Bodies" piling up.

 

Bob Janjuah

David Rosenberg

Art Cashin

etc.

 

These guys haven't a clue about reading the tape and detecting strong market action.

I'll have a full list as soon as we break out to new highs.

Anyone see the European banks today?

As I predicted, 2012 will be one of the best years ever for European stocks, especially financials.

 

Thu, 01/19/2012 - 18:39 | 2079531 The Swedish Chef
The Swedish Chef's picture

So I hold my Swedish stocks then? 

Thu, 01/19/2012 - 18:52 | 2079587 camaro68ss
camaro68ss's picture

where do you get your drugs at robo? Must be good shit! I want some!!!

Thu, 01/19/2012 - 19:45 | 2079717 Comay Mierda
Comay Mierda's picture

Robo's +1 to -1 ratio is nearing all time highs.  market prob will crash tomorrow

Thu, 01/19/2012 - 20:39 | 2079864 The Deleuzian
The Deleuzian's picture

Oh man..."THE ROBO-CATOR"

Thu, 01/19/2012 - 20:25 | 2079826 lotsoffun
lotsoffun's picture

god bless dear robo.  he's an optimist.  and, he's clearly NOT an insider.  i hope the boy does well for himself.  look at mcdonalds stock roar for example.  that stock is roaring.  negative for humanity, but that's the problem.  i have sentiments on what i can and won't invest in.  robo doesn't.  he can read the market.

 

Thu, 01/19/2012 - 20:30 | 2079836 Squid Vicious
Squid Vicious's picture

he's already extrapolating 2012 results from 12 (low volume) trading days.... brilliant!!!

Thu, 01/19/2012 - 18:39 | 2079534 Vergeltung
Vergeltung's picture

by crikey, you're an idiot.....

Thu, 01/19/2012 - 18:40 | 2079540 Cheyenne
Cheyenne's picture

"as we break out to new highs."

When is that, and how high?

Thu, 01/19/2012 - 21:54 | 2080054 ucsbcanuck
ucsbcanuck's picture

He's talking about his new drug high...

Thu, 01/19/2012 - 18:51 | 2079581 The Deleuzian
The Deleuzian's picture

Robo...I don't know why everybody dogs you relentlessly...Atleast you're sticking to your guns...Personally, I have no idea where things will be next week...Next month...Not even next year....

Thu, 01/19/2012 - 19:01 | 2079610 homersimpson
homersimpson's picture

"Robo...I don't know why everybody dogs you relentlessly"

Probably because he acts like a Cowboys fan. He's always around when the market is up, but he's rarely around when the market is dumping.

Better yet, he's the poker player that bad beats you on a gutshot draw after he catches the river .. despite chasing the gut from the flop despite having to call a huge all-in stack for this privilege. Afterwards, he brags about how great of a poker player he is. That's our beloved Robo.

He'll get his glory occasionally, but his rep is well deserved. If you want to be his cheerleader, trust me - there is a very short line for that privilege.

There are a few bulls in here that make great cases for going long, but generally that involves precious metals.

Thu, 01/19/2012 - 19:13 | 2079639 The Deleuzian
The Deleuzian's picture

Homer...I'm kind of my own cheerleader...We all can use some alter-opinion around here from time to time...It keeps you honest about your assumptions...Admittedly, it's tough to do...But still is necessary...

Thu, 01/19/2012 - 19:51 | 2079731 taraxias
taraxias's picture

homer, out of the park that post. Well done, I wish I could give you more than one thumbs up.

Thu, 01/19/2012 - 18:55 | 2079598 homersimpson
homersimpson's picture

"These guys haven't a clue about reading the tape and detecting strong market action."

You still forget that it took the DJI 4 years to get from 10k to 14k.. yet only 9 months to get from 14k to 6.5k. They can still be wrong the next couple years but you'll probably lose more for your clients than they would if reality ever sets in (and it will one day - we just don't know when).

Thu, 01/19/2012 - 20:23 | 2079815 lotsoffun
lotsoffun's picture

has nothing to do with reading the tape.  has everything to do with simple arithmetic.  this is the debt.  this is the debt service payments.  this is the income.  how long to pay back the debt at zero percent.  how long to pay it back at rising rates.  impossible to pay back.  and - they are reading that and just saying to themselves - how?  that said, bennie and company will not stop printing and qe3 is on already (mbs and treasury reinvestments) and qe4 will come regardless of where the stock market is.  think bank earnings were good last few days?  and they are borrowing boat loads at zero and still can't make money.  and mortgage loans under 4% and still nobody borrowing.  enjoy your robotrader ride while you can.  you're stupid enough to not get out before it blows.  may not even blow for a year.  but when it does - i hope you will bring me another glass of red wine without an attitude, because if i catch attitude, tip goes to a buck.

 

 

Thu, 01/19/2012 - 21:59 | 2080065 Au_Ag_CuPbCu
Au_Ag_CuPbCu's picture

I am actually starting to think that Robot is another MDB play...cause that shit is off the charts stupid!

Thu, 01/19/2012 - 23:38 | 2080226 mktsrmanipulated
mktsrmanipulated's picture

ROBO r u fuckin kidding--- European banks up well when you fix the game by eliminating short selling you artificially stabalize price otherwise these stocks would be half their current value.....by the way what did you do with you lehman shares put them in a frame and hange them in your house.... by the way the frame is worth more than the leh cert dumb ass

Thu, 01/19/2012 - 18:40 | 2079529 The Swedish Chef
The Swedish Chef's picture

Oh my, he might be right. I personally think that there won´t be any more Fed QE until after the election but we´ll probably see backdoor QEuro from Draghi to keep the can properly kicked regarding bonds. That will end/cease to have any effect around summer. 

Thu, 01/19/2012 - 18:41 | 2079543 The Deleuzian
The Deleuzian's picture

This guy is expecting 300 points to come off the S&P in the next 9-10 weeks...Ouch!!!  Then QE III in 2nd quarter...Buy and Hold is so dead...

Thu, 01/19/2012 - 18:47 | 2079569 slaughterer
slaughterer's picture

Really, I think Bob is more confused and tired (look at his eyes) than even this disorganized interview lets us see.    In his last research note, he clealry underestimated sentiment boost from LTRO, and to think that we drop to 1000 in the next 9-10 weeks is virtually impossible given LTRO 2.0 in February--hence the postponement of payback till Q2.  Even Bob is fudging at this point.  

Thu, 01/19/2012 - 18:59 | 2079605 The Deleuzian
The Deleuzian's picture

I've had good gains so far this year buying the 'beatin' up' and selling on 'bounces'...Hope it continues...

Thu, 01/19/2012 - 18:41 | 2079546 SixFeetFromTheHedge
SixFeetFromTheHedge's picture

His grey hair is awesome

Thu, 01/19/2012 - 18:47 | 2079570 RobotTrader
RobotTrader's picture

Hilarious watching this guy babble on while the futures screen below keeps printing green with ES over 1,300

 

Man, some of these bearish prognosticators must be pulling their hair out.

Thu, 01/19/2012 - 18:53 | 2079590 The Swedish Chef
The Swedish Chef's picture

Do you understand what "Q2" means, moron?

Thu, 01/19/2012 - 19:29 | 2079677 J 457
J 457's picture

He said SPX 1,000 by end of QUARTER 1.  March.   

Thu, 01/19/2012 - 23:49 | 2080258 UP Forester
UP Forester's picture

And when do the Greeks get their money?  When are the next note and bond auctions longer than LTRO?

Thu, 01/19/2012 - 18:48 | 2079575 howswave5workin...
howswave5workingforyou's picture

does a 68% haircut to greek govt bonds not improve solvency? 

Thu, 01/19/2012 - 18:57 | 2079599 Rainman
Rainman's picture

Eggsacly....BTFD

Thu, 01/19/2012 - 18:49 | 2079576 Yen Cross
Yen Cross's picture

I think Bob is spot on! I think all these traders still have their drinking goggles on from the Holidays. Less than shitty news seems to be the reason to buy these days. I'm sure that jobs  number will be revised from " super shitty" to " sorta shitty" , next week. Or should that be visa versa?

Thu, 01/19/2012 - 18:52 | 2079586 ttown
ttown's picture

AZO, such a fraud, 7billion in debt taken to do stock buybacks to boost the share price while eddie cashes out. Such a ponzi!

Thu, 01/19/2012 - 18:53 | 2079593 Boilermaker
Boilermaker's picture

It sure seems to me that people (Bob included) keep thinking that this will end.  But, that assumes that the FED won't go ALL THE WAY with this shit.  They will.  They will cornhole literally everyone.  This ain't stoppin.

The genie is completely out of the bottle and there isn't anyway to put him back in.

Thu, 01/19/2012 - 19:19 | 2079652 ebworthen
ebworthen's picture

That's pretty much what Marc Faber said on Squawk CNBC Europe this morning.

He said based upon unfunded U.S. liabilities and debt U.S. bonds should be rated junk status.  But then he said this:

"...if the S&P drops 200 points, I guarantee you the Fed will come in with QE3 and QE4 and so forth."

In other words, Quantitative Easing to the moon to keep floating equities.

http://www.cnbc.com/id/46055852

Thu, 01/19/2012 - 19:19 | 2079642 cranky-old-geezer
cranky-old-geezer's picture

 

No, there is no "payback" coming, both Fed and ECB have printing presses, they can bail out anyone getting in trouble ...any bank that is.

I used to think Germany leaving the EU would be paypack.  But no, it wouldn't be payback.  ECB is accepting completely worthless assets from banks in exchange for (freshly printed) cash.  They don't need Germany's "guarantees" anymore.

And yes, LTRO *IS* QE.   There's no practical difference.

And yes it's an over-spending and over-borrowing problem, not a liquidity problem. 

Providing open-ended liquidty (credit) so national governments can keep over-spending and over-borrowing is the problem.

 

Thu, 01/19/2012 - 19:22 | 2079662 slaughterer
slaughterer's picture

The timeline of Janjuah"s tactics is so fucked up, how can we go to 1000 in Q1 with massive bullish LTRO sentiment.  And if Janjuah thinks QE3 comes in Q2, how can Q2 be time for payback?   QE3 sentiment will definitely spill into Q3, so that is another no go as well.    

Thu, 01/19/2012 - 21:05 | 2079932 GernB
GernB's picture

Investors intellegance says Bearish sentiment was peaking the week of 10/12/2011. That's one quarter ago. Human nature being what it is, we can get back to October sentiment levels several times faster than we got out of them. His speculation, I'm sure is that the fall of the S&P in Q2 will lead to QE3 in the same quarter. That's a three month window for the S&P to fall and the fed to take action, that's perfectly reasonable and in line with past history,

Thu, 01/19/2012 - 19:25 | 2079664 Yen Cross
Yen Cross's picture

You are 100% correct. I can't wait to see the IMF raise 500b. The Brazilians (lowered rates yesterday) and all the BRIC's , are suffering.

 The art of cross collateralization is alive and well.  The +1 was for COG. You need to reread the the article slaughterer. He was implying that LTRO was the QE that QE-3 was supposed to be.

Fri, 01/20/2012 - 02:59 | 2080460 respect the cock
respect the cock's picture

Geezer, I'll give you a choice amount of silver if you can produce a picture showing the naked picture of your avatar.

Fri, 01/20/2012 - 05:09 | 2080519 cranky-old-geezer
cranky-old-geezer's picture

 

 

Hang on, I'll ask her how she'd feel about doing a nude photo :)

Thu, 01/19/2012 - 19:14 | 2079643 Archimedes
Archimedes's picture

To-morrow, and to-morrow, and to-morrow,
Creeps in this petty pace from day to day

This knucklehead has been calling for SnP 800 for a year and a half now. And the dip-shit announcer says "You have been so accurate with your calls so far..." ha! What a joke!

Thu, 01/19/2012 - 21:11 | 2079949 GernB
GernB's picture

Hemay be off in terms of the magnitude, but we didhit 1074 on the S&P on 10/4/2011, a little over 3 months ago.

Thu, 01/19/2012 - 21:26 | 2079985 The Fonz...befo...
The Fonz...before shark jump's picture

Get back in the tub archimedes

Thu, 01/19/2012 - 19:17 | 2079647 chump666
chump666's picture

payback on the DAX.  Oh yeah.  Europe you are so overbought it is...pitiful.

 

Thu, 01/19/2012 - 19:22 | 2079661 RobotTrader
RobotTrader's picture

ttown:  AZO is the second greatest stock in world history, 2nd only to AAPL

 

$25 to $350 since 2001.

http://bigcharts.marketwatch.com/quickchart/quickchart.asp?symb=azo&inst...

Man, that stock was a huge wealthbuilder for whoever stuck with it during:

1) Tech stock collapse in 2002

2) Financial market implosion in 2008

3) Flash Crash in 2010

4) Eurozone Meltdown in 2011

Plus Arab Spring, Japan Tsunami, worst economy in 75 years, massive unemployment, world record number of people on food stamps, etc.

Thu, 01/19/2012 - 19:34 | 2079686 The Deleuzian
The Deleuzian's picture

GG's been pretty damn good too...From sub-dollar to the $50-$60 range...And there have been many bad ones...Shit...Kodak was a Dow-30... what 7-8 years ago!!!

Thu, 01/19/2012 - 19:37 | 2079701 Hedgetard55
Hedgetard55's picture

Yea, so was RIMM, dude, right? Hahahaha...

Thu, 01/19/2012 - 19:49 | 2079723 The Deleuzian
The Deleuzian's picture

Absolutely!  For every 1 Tech that has made it big...5 have bit the dust it seems...Not to say that IBM or AAPL haven't rocked the block...God I remember back in the Tech crash in the summer of 02'...AAPL was like $12 freakin' dollars or something!!!!

Thu, 01/19/2012 - 22:00 | 2080066 ucsbcanuck
ucsbcanuck's picture

GLW was my fave - bought in at $1.50 in 2002 sold out at 22+ in 2006

Thu, 01/19/2012 - 20:04 | 2079759 cranky-old-geezer
cranky-old-geezer's picture

 

 

Hey dumbass, anybody can pick winners after the fact.

Thu, 01/19/2012 - 20:28 | 2079829 The Deleuzian
The Deleuzian's picture

Oh cranky-o-geezer!!!!!!!!!!!!

Thu, 01/19/2012 - 21:50 | 2080040 Yen Cross
Yen Cross's picture

Oh dip-Shit Delusian? Let's talk ?

Thu, 01/19/2012 - 22:18 | 2080115 The Deleuzian
The Deleuzian's picture

What would you like to talk about YC?

Thu, 01/19/2012 - 21:14 | 2079964 JuicedGamma
JuicedGamma's picture

Eddy Lampert must be thanking his lucky stars for AZO because SHLD is sucking wind big time.  He does love the retail sector.

 

Thu, 01/19/2012 - 22:33 | 2080145 oddjob
oddjob's picture

AZO is a shell. Negative book value. Buybacks are the only thing supporting huge insider sales.

Thu, 01/19/2012 - 23:01 | 2080183 JuicedGamma
JuicedGamma's picture

I'd love to short that pig, it's just hard being short something that keeps going up.

Thu, 01/19/2012 - 19:29 | 2079674 JR
JR's picture

The Fed is causing war, hardship and starvation around the world, applying constant pressure coupled with monetary disarray. The world reserve currency banking cartel is sinking all the economies of the world; and if they aren’t sinking it’s because the cartel is lying about it.

The point is, the investment banker cartel members are not paying their way; we have crooks everywhere and the U.S. is setting the example by forcing the other countries and entities to go along.

It was Ben Bernanke who, with Alan Greenspan, oversaw the derivatives time bomb that has turned into a worldwide financial weapon of destruction.  All done behind closed doors by a few powerful men.

Eastman Kodak Company, in ZH news today, was added to the Dow Jones Industrial Average index on July 18, 1930, listed as one of the DJIA companies for the next 74 years, ending in 2004

The only one of the 30 companies still in existence that composed the original DOW industrials in 1896 is GE, a company “that has made itself functionally insolvent due to its involvement with finance and derivatives,” in the words of Nathan Martin of Nathan’s Economic Edge.

According to Darryl Robert Schoon in his article, China, 2012 and the Von Mises’ Crack-Up Boom,“ the remarkable rise in China’s GDP reflects the just as remarkable rise of the Dow during the same period.”

Says Schoon: “The correlation between the rise of China’s GDP and the rise of the Dow is unmistakable. It’s also the reason why China’s growth is unsustainable. China’s rapid growth was fueled by the unprecedented expansion of the US money supply – an expansion directly responsible for America’s exploding appetite for consumer goods from China and the US dot.com stock market bubble in the 1990s.

“Appointed Fed chairman in 1987, Alan Greenspan presided over the greatest credit and monetary expansion in US history, an expansion which led to America’s three largest speculative bubble; the 1992-2000 dot.com bubble, the 1991-2006 consumer bubble and the 2002-2006 real estate bubble; three bubbles whose cumulative collapse would derail the world economy and set in motion Ludwig von Mises’ crack-up boom.”

As Schoon says, “Money is no longer a store of value. It’s a trap for the unsuspecting that has already been sprung.”

The credit boom is built on the sands of banknotes and deposits. It must collapse... If the credit expansion is not stopped in time, the boom turns into the crack-up boom; the flight into real values begins, and the whole monetary system founders. – Ludwig von Mises, Human Action, 1949

Thu, 01/19/2012 - 20:19 | 2079803 taraxias
taraxias's picture

Great post, JR. Many thanks.

Thu, 01/19/2012 - 19:30 | 2079680 chump666
chump666's picture

The thing is everything is over-bought, so if you ran a long position and you want to now sell (profit), as ZH pointed point want to off load to dumb/smart money traders, it's HFTs are keeping a nice support range.  So it's hard to dump at this point.  Now, the ECB/FED are printing, more so the ECB - real hard.  So this is keeping the neg news out.  The market wants to go short, but we need some neg news.  We need the ECB to f*ck up a print job, say buy some 10yrs and push up 2-4yrs into crap ranges or a riot somewhere, Germany losing it...something, anything. 

Then we get the dump. 

Thu, 01/19/2012 - 19:49 | 2079726 Yen Cross
Yen Cross's picture

Hey chump, I feel your pain. If you look at the all the EU bond sales over the last 2 weeks, 99% of them are s/t ( under the 36month LTRO. It's a giant " hot potato" being passed around. The ( bond) spreads will widen again as earnings winds down.

 Not sure if you caught this but keep it for quick reference. http://tickerforum.org/akcs-www?post=135432

Thu, 01/19/2012 - 20:38 | 2079861 chump666
chump666's picture

You are right.

Yen check this:

2329 GMT [Dow Jones] The number of Japanese bond investors in favor of U.S. Treasurys vs European government bonds increased this week, presumably reflecting S&P's recent downgrade of nine euro-zone sovereigns, Barclays Capital's latest survey shows; the DI measuring the relative preference for U.S. Treasurys vs European government bonds rose to +24.2 this week, indicating the strongest net preference for U.S. sovereign debt since last November. The change was due mainly to a sharp drop in the preference to European bonds. The survey also shows that "although the downgrades were expected, market participants appear to be worried about the risk of further volatility in the Italian bond market," Barclays strategist Yoshio Takahashi says. 10-year U.S. Treasurys fell to 100 5/32 yielding 1.984% at the NY close.

Short ends are rising now.

Thu, 01/19/2012 - 21:14 | 2079960 Yen Cross
Yen Cross's picture

 Many thanks chump. I appreciate you taking the time to share with me. I'll check everything after the [ GoP slugfest] , on CNN.

 

Thu, 01/19/2012 - 19:40 | 2079699 ebworthen
ebworthen's picture

 

 

The FED eased until reality retreated,

Free markets and fundamentals died,

Thinking investors feel mistreated,

Wall Street denies they ever lied.

 

Missing billions, contracts broken,

Never-mind, keep your eye on the ball.

Fluffed markets from Shanghai to Hoboken,

The sane and the moral awaiting the fall.

 

Malfeasance rewarded, saving eschewed,

Debt the new green, responsibility red.

Families and households openly screwed.

While Corp's & Politicians frolic in bed.

 

Ammo guns and land,

Precious metals and food.

Stop pounding S&P sand,

And steward your brood.

 

Thu, 01/19/2012 - 20:25 | 2079824 JR
JR's picture

Fantastic! A five star. Call it A Banker-Controlled Tyranny.

And this is where the banker-controlled tyranny and their pals are going to have to lay their cards on the table and take what comes.

The debt ratios against GDP are frightening; the TBTFs are using Keynesian policies – keeping their failed system in play, causing the current monetary system to approach system extinguish.

Human action dictates that the people decide which things they want and which they don’t want; that’s what makes a consumer-driven market economy an economic miracle. No one would have predicted that Kinkos, founded by Paul Orfalea, would become one of the most recognizable names in the corporate landscape, transforming from a 100-square-foot store with one photocopier into an office-service empire that now tops two billion dollars a year in revenues. Human action did that. If Bernanke had been king he wouldn’t have given Orfalea and his methods the time of day on the basis his project didn’t sound so good, to a central planner.

Thu, 01/19/2012 - 20:49 | 2079881 Yen Cross
Yen Cross's picture

Short is sweet J.R. . Just like midgets swinging hatchets in a dark room full of " politicians".  I have to admit though. Human Ingenuity is sweet!!! It's a shame ingenuity has been relegated to the realm of " jack boot" intimidation.

J.R. one last: I have been silently working eur/jpy and aud/jpy.

Thu, 01/19/2012 - 21:08 | 2079942 JR
JR's picture

So it 'tis... With no leaders in the land save one or two, Yen, the future looks bleak. We need another Great Awakening of the dynamic spirit of revolutionary political thought. A few “midgets swinging hatchets in a dark room full of ‘politicians’" just might set the stage. Human ingenuity in action! Hey, we might even get up enough ingenuity to declare independence…from the "jack boots."

Fri, 01/20/2012 - 00:08 | 2080288 ebworthen
ebworthen's picture

Thank you.

Thu, 01/19/2012 - 19:46 | 2079719 rsnoble
rsnoble's picture

Growth? Solvency? Who needs that shit with the advent of the digital zero? Meanwhile we have a legit S&P breakout that could easily take us back to the July highs.  And now we are going to get everyone bearish for Q2?  Don't get me wrong, I see zero reasons for this rally other than liquidity myself but there is no end to liquidity so I'll believe the dumping when I see it.  It's probably gona happen, but I wouldn't advise anyone to go out and build a short etf portfolio that's for damn sure.

Thu, 01/19/2012 - 19:55 | 2079739 Yen Cross
Yen Cross's picture

ETF's re mind me of hourglasses. They are easy to fall into, but the door get's real small when everyone wants out

Thu, 01/19/2012 - 19:55 | 2079735 gmak
gmak's picture

 Bob says 1000 by the end of Q1 (March).  That's decidedly different than saying the end of Q2.

 

Then near the end of the video he is suddenly saying that the Q2 pop he was talking about might be happening now and that Q2 will be the drop.  

 

You know, the market is going to go up, or down. Now or later.

Thu, 01/19/2012 - 19:54 | 2079737 PrintPressPimpin
PrintPressPimpin's picture

I get the feeling the payback for amerikan "greatness" for the past 60 years will be much worse then the payback for Q2.  Whatever greatness we did have was quickly inflated away along with the greenback.  Back when people were cashing out tens of thousands in equity from just complete piles in shitty neighborhoods.  All that cash was and still  is floating around costing me erryday.

Thu, 01/19/2012 - 20:04 | 2079757 Yen Cross
Yen Cross's picture

 When is that OIS (short term swaps deal) 500b Fed/ECB exchange due. March sounds about right.?

Thu, 01/19/2012 - 20:15 | 2079789 CrockettAlmanac.com
CrockettAlmanac.com's picture

Hey Tylers!

Can we get a debate thread tonight, please?

CNN, 8 PM.

Thank you.

Thu, 01/19/2012 - 23:34 | 2080229 lsbumblebee
lsbumblebee's picture

Recap: Ron Paul managed to prop up three sheets of drywall without hurting himself. Humans wondered why Mitt the Twit is the front-runner, and Satantorum is still in the mixer with Gingrich the insect. Satantorum proved to be a mighty whore worthy of the title Mr President 2016. Mitt fumbled about for a coherent thought and almost found it before he was interupted by a paranoid Gingrich rant. The audience had the clap and everyone went home before the air raid sirens went off.   

Fri, 01/20/2012 - 00:57 | 2080362 UP Forester
UP Forester's picture

You forgot the part about the giant mutant fire ant....

Thu, 01/19/2012 - 20:16 | 2079797 kill switch
kill switch's picture

My tension!!

 

Vote? Why? What candidate in the quadiennial resurrection of the Mickey Mouse club wants to do anthing that I want done?

I want to roll back the onrushing police state and return to constitutional government. The plunge into totalitarianism is a far worse danger than World War Two, in which the US was never in danger of being invaded, and in which the outcome was a foregone conclusion. Who do I vote for? No candidate (except Ron Paul: ERP) is against sovietization.

I want to end our stupid wars, now. Yesterday. Who do I vote for? There is no anti'war candidate (ERP). Obama sends the troops anywhere he can think of, and all the Republicans want to attack Iran.

I want to reduce the military by half and end the militarization of the country that is bankrupting us. Who do I vote for? (ERP)

I want to reduce the size of government, get rid of the departments of Educationh, Housing and Urban Development, and Commerce, toss the Bureau of Indian Affairs, and so on. What candidate wants to do these things? Republicans talk a good show, but which of them actually wants to cut?

I want to end affirmative action, which means governmental favor for some citizens over others, and rely on merit. No candidate speaks of this. Who do I vote for?

I want to end the empire, quit meddling in the business of other countries, get out of South Korea, Japan, and NATO. I don't want to be the world's mommy. Who do I vote for?

I want to reform America's dysfunctional system of taxation, go to a sales tax or flat tax or value-added tax, anything to get IRS off our backs. It isn't the amount of taxation that I dislike, but the intrusiveness, mystery, complexity, and lack of recourse. Who do I vote for?

I want to reform the public schools, outlaw teachers unions, requires decent GRE scores from teachers, cut the propaganda and outlaw drugging of students. Who do I vote for?

Why vote at all? Nothing of substance is on the table, other than the desire of Republicans to attack Iran. Yes, we must get America back on track, get it going again in the right direction, turn the country around, get back to the American values that made the nation great, promote the American Dream—none of which means anything. We must creatr jobs (how?), get America back to work (how?), and favor all the vague platitudes intended to mulct fools. All right, I hereby declare myself mulcted. So why vote?

The elections are supposed to indicate the presence of democracy, but they do not. Elections do not determine policy but only the division of spoils. An election in which candidates take no positions becomes a high-school popularity contest. The way to have elections without having a democracy is to let the people vote, but not on anything.

And oh god, the boredom. Night after night, day after day, we will have this version of Dancing with the Stars, the judges in the media solemnly that Santorum displayed Confidence, but Gingrich committed some trivial gaffe or other. Nuance, gesture, composure, but no substance.

Where is this going? The country is in grave difficulties and needs desperately to make hard decisions. Those in power seem to have decided to keep picking the nation's bones while the corpse slides towards the precipice. Cosset the morons, assure everyone of everything, avoid the issues and do nothing that might upset anyone. Greece, Spain, Ireland all take unpopular measures to try to bring things under control. The US? It spends on, wars on, as if the gravy days of 1960 had never ended.

Having a one'party system called by two names is a technically slick way of disenfranchising the public without their noticing. In a parliamentary system all manner of politics would gain expression in proportion to their prevalence in the population. With two identical parties, no dissenting view can ever gain office. A masterly dodge, this.

Over the years I have read or listened to many men rattling on about this and that arraangement of matters human, socialism, capitalism, republics, direct democracy, fascism, militarism, all the gang. What the theorists all seem to overlook is the irresistable buoyancy of excrement. Communism, theocracy, the divine right of kings, all eventually fall into the hands of the crafty and unscrupulous. If they don't, it is only because they haven't gotten around to it.

It has to happen. Once society becomes more complex than a modest tribe or small town, once its affairs extend beyond the immediate visual horizon of the citizens, they become clueless. Most don't have the brains, and almost none the time or interest, to monitor sprawling bureacracies and distant wars. Villains thrive in the shadows.

Vote? You can choose between Gingrich and Gingrich, between Santorum and Santoru, or between Gingrich and Santorum which is the same choice, or you can choose Romney, who is both Santorum and Gingrich. Such a deal.

Thu, 01/19/2012 - 20:47 | 2079882 JR
JR's picture

With the nation watching, the Grand Old Party has put on parade some of the most flawed characters imaginable – practitioners of immorality, corruption, double-dealing, dishonesty, stupidity, arrogance, and worse.

Is pulling the trigger on Iran to support Israel so important that this new, disgraceful GOP would pick one of these rotten apples and spurn the one honest, decent, dependable and competent man of the bunch, Ron Paul?

America is on the skids, headed for anarchy and takeover by both a foreign power and a banker tyranny. The only way to save her is to redirect her destiny.

If Ron Paul is not chosen as the GOP candidate for the presidency of this once great nation, what in God’s name is going to happen to America?

Thu, 01/19/2012 - 21:01 | 2079922 Yen Cross
Yen Cross's picture

 We ( United States+ Mexico) , become an ultra nationalist  territory with North Korean steam boats parked in our harbors. sarc/on

 I just needed to answer a question, with another question of equal caliber.  It doesn't feel all warm and fuzzy though.<

Thu, 01/19/2012 - 21:14 | 2079962 JR
JR's picture

Jefferson wrote: “A wise and frugal government, which shall restrain men from injuring one another, shall leave them otherwise free to regulate their own pursuits of industry and improvement.” Sounds pretty good.

Thu, 01/19/2012 - 21:26 | 2079984 Yen Cross
Yen Cross's picture

J.R. respectfully? Do you have any quotes of your own?   You should be asking ( POTUS) , this question. 

 I suppose you would appreciate an answer though.  Yes, I concur , 100% >

Thu, 01/19/2012 - 21:51 | 2080044 JR
JR's picture

Just this, Yen: The forces that would harness the world for their own benefit are trying to saddle too big a horse.  We have come to the final battle.

Wellington fought Napoleon for “the final battle.” Wilson fought the “Great War in all the wars”; but, finally, we’re to fight the enemy that we’ve faced all along and never knew: The financiers.

Does Western Civilization win? Absolutely. The financiers have too few warriors to make us bow down in worship.  :)

Thu, 01/19/2012 - 22:00 | 2080068 Yen Cross
Yen Cross's picture

 The " GOOD GUY" wins J.R>

   J.R. the insanity is a / bit old.  Kids in playgrounds and learning how to be productive people is a good thing.

     The sad fact is, their parents are " questionable at best".

Thu, 01/19/2012 - 21:49 | 2080025 Jena
Jena's picture

How many threads are you cutting and pasting that to, KS?

Fri, 01/20/2012 - 01:26 | 2080394 RockyRacoon
RockyRacoon's picture

I just read it for the first time, so apparently not enough.   If he'd run it through the spell-check it would be more effective -- but damn well good enough as is.

Fri, 01/20/2012 - 13:47 | 2081544 Jena
Jena's picture

I don't disagree with that sentiment Rocky, but I have a suspicion that our buddy Kill Switch owes somebody credit.  There's an outside chance that he could be Fred Reed, I guess (http://www.fredoneverything.net/biography.shtml), but his comments after the cut and paste in previous threads don't appear to be of the same caliber.

That being said, there's nothing wrong with bringing good material to the game.  It's just better if one includes attribution.

Fri, 01/20/2012 - 03:03 | 2080461 Tuffmug
Tuffmug's picture

Kill switch,

I urge you to vote for the third party of your choice and/or against any INCUMBENT. The power of the two parties is in their collusive monopoly on the political agenda and the entrenched power of corrupted incumbents in high committee seats. A few third party seats withholding crucial votes and lots of inexperienced and hopefully idealistic newbies would put sand in the gears of the corrupt kleptocracy we currently have.

Thu, 01/19/2012 - 20:33 | 2079847 cranky-old-geezer
cranky-old-geezer's picture

 

 

The real payback is when America gets nuked off the planet after decades of playing worldwide bully.

Thu, 01/19/2012 - 20:38 | 2079860 DarkStarDog
DarkStarDog's picture

I ain't buying. Never!

Thu, 01/19/2012 - 21:11 | 2079951 JuicedGamma
JuicedGamma's picture

Timing is everything, and the hardest thing.  He might get lucky with that 800 call but so far he's losing his ass if it keeps up he'll be looking for a new job.

 

Thu, 01/19/2012 - 21:18 | 2079971 LookingWithAmazement
LookingWithAmazement's picture

Europe is already being fixed.
http://www.telegraph.co.uk/finance/financialcrisis/9026408/IMF-slashes-global-forecast-on-eurozone-crisis-with-drastic-falls-in-Italy-and-Spain.html

Quote:
"Sentiment was also boosted by data that showed overnight deposits at the ECB fell to €395.3bn on Wednesday night, compared to the €528.2bn record the night before. ... The figures signalled an easing of concern as banks are beginning to become more comfortable parking money with other lenders, instead of turning to the central bank for safety. "
/Quote

Bye bye crisis. Told you so. Boring world we live in.

Thu, 01/19/2012 - 21:55 | 2080053 Yen Cross
Yen Cross's picture

 Negative Ghost Pilot.

Thu, 01/19/2012 - 21:20 | 2079975 Jlmadyson
Jlmadyson's picture

Oh guess what? Portugal needs a haircut now too;

 

http://www.telegraph.co.uk/finance/financialcrisis/9026144/Portugal-to-n...

 

As I said earlier; Europe is Greece. Never ending feedback loop.

Thu, 01/19/2012 - 22:41 | 2079979 Tuffmug
Tuffmug's picture

A PONZI is a PONZI is a PONZI! This fiat and debt Ponzi won't die and collapse even though I and many on this board wish and pray for it. Why? Because the interlocked central bankers of the world won't let it collapse.  They will continue to LTRO and QE to create just enough cash to keep the Ponzi going. They will continue to allow and encourage fraudulent accounting (Mark to Fantasy) and perform selective bailouts to hide the insolvency of the system. They will continue to suppress gold and silver prices to hide their manipulation and keep people locked into the fiat money system. The Japanese have been doing it for twenty years. Now the rest of the world will follow their lead.

We have been Zombiefied! Only a political revolution which crushes the central bankers will stop this Ponzi.  Don't hold your breath for a market crash, creative destruction which flushes the system clean, and the rebirth of free market capitalism. We've got many more years of painful centrally planned economic manipulation and political corruption coming. We're just frogs in a slowly warming pot on Bernanke's stove!

Thu, 01/19/2012 - 23:28 | 2080219 Calmyourself
Calmyourself's picture

THANK YOU

You said that better than I did two days ago.  There is no substantial change, no collapse, no nothing as there is no rule of law.  Every one of these stupid posts warning us of the end of the world is built and based upon a world where rule of law is the bedrock, the underlying assumption it was all built on.  Well the bedrock is gone, kaput never to be seen again without a compeltelpolitical reset, no one is coming to save you or me and make the world fair again. 

The system is completely and totally corrupt and soon NDAA, SOPA, and PIPA will make damn sure you cannot even talk about that gold plated FACT!  Time to get off our collective asses or get used to it and most of us if we are honest with ourselves will choose bread and circuses even the internet tough guys.  There just guaranteed I am on a list..

Ballsy Ann says it even better:

Lightbulb. Endgame. Here it is . . .

Posted by Ann Barnhardt - January 18, AD 2012 8:56 PM MST

http://barnhardt.biz/

Hunger only hunger changes this very sustainable but very broken paradigm.

Fri, 01/20/2012 - 01:45 | 2080402 RockyRacoon
RockyRacoon's picture

I'm not certain that all of Ann's screws are fully tightened.  Still of two minds about the chick.

Fri, 01/20/2012 - 09:07 | 2080668 Calmyourself
Calmyourself's picture

Read all her posts especially the one about her crazy eyes, cracked me up..  She comes across as extreme but I suggest common sense farmers and ranchers do not trust you with their money after meeting you if your psychotic..   Besides all of us need to judge the truth n o matter the source, I would listen intently to Rasputin if I thought his advice could deliver my children from the nightmare of central planning..

Fri, 01/20/2012 - 05:41 | 2080529 cranky-old-geezer
cranky-old-geezer's picture

 

 

A PONZI is a PONZI is a PONZI! This fiat and debt Ponzi won't die and collapse even though I and many on this board wish and pray for it. Why? Because the interlocked central bankers of the world won't let it collapse.  They will continue to LTRO and QE to create just enough cash to keep the Ponzi going.

Yes, that's exactly what's been happening since '08 when the entire debt ponzi DID collapse and the Fed and ECB had to start printing boatloads of currency and buying collapsing debt paper (under various names, TARP, QE, LSAP, POMO, etc ...and now LTRO) to keep it going.

And that's exactly what WILL happen going forward.  More currency printing to buy more collapsing (worthless) debt paper. 

... until the US dollar and Euro are completely worthless.

... and it won't end then either.  Fed balance sheet may be $20 trillion by that time.  ECB balance sheet may be $20 trillion.  So what?  Just keep printing and buy more worthless crap.

Keeping this sovereign debt ponzi scheme going is a cover story for the REAL GOAL, stealing all the wealth from the people via currency debasement.

... and now direct theft like MFG ...which we will see more of guaranteed.  And yes it will extend to retirement savings, 401ks and such, the big prize they're drooling over.

This isn't about keeping bankrupt governments going.  Anyone with half a brain knows those huge debts will never be paid back.

It's about stealing as much wealth as possible from the people, via currency debasement ...and now direct theft, which MFG was a test run for ...and went pretty well actually.

Only a political revolution which crushes the central bankers will stop this Ponzi.

Yes I agree.  But it won't happen of course.  The people (sheeple) will stand idly by as their currency is debased to nothing and their assets are stolen right in front of their eyes, and they won't do one single thing about it ...except bitch and whine.

 

Thu, 01/19/2012 - 21:29 | 2079993 antidisestablis...
antidisestablishmentarianismishness's picture

Jesus Christ, doomsday is always just over the next hilltop and yet when you get there, well, it's just over the next one, you'll see and it won't end well and you won't be able to sell in time because for the first time in the history of the market it will apparently gap down a few thousand points and you'll be sorry zzzzzzzzzzzzzzz.  And nobody who spews this endless shit is ever wrong, it's the market that's wrong, it's the market that's broken, it's a conspiracy, wasn't the Natl Guard supposed to appear on every streetcorner after Y2K, oh god i mean wake the fuck up already.

Thu, 01/19/2012 - 23:31 | 2080224 Cameli
Cameli's picture

Agreed...I've had enough og of the doomsday cheerleaders. Give it a rest. You too Durden.

Thu, 01/19/2012 - 21:53 | 2080019 Yen Cross
Yen Cross's picture

 Santorum blew it with the ( Toupee). The Liberal [TEET-STERS}    R back.

Thu, 01/19/2012 - 22:20 | 2080122 razorthin
razorthin's picture

You think we will have to wait 2 more months?  Try 2 weeks.  A 10-15% pull-back, not Armageddon.  Tuffmug is correct - any severe equity take-downs on the journey to dollar obliteration will be according to plan, transitory and will be the pause that refreshes as more fiat is pumped in.

Thu, 01/19/2012 - 22:45 | 2080172 ekm
ekm's picture

I don't think 10% will trigger QE. Food and energy prices are too high. Fed doesn't want hungry protesters at the door.

I think it's going to be bad, very bad, so they get begged by the congress, WSJ, Bloomberg to 'DO SOMETHING". I call it: Masturbation on demand.

Thu, 01/19/2012 - 22:39 | 2080157 ekm
ekm's picture

I really do think that the current rally is NOT dumping into retailers, since not much retail traders left. Most of them are broke by now. I think that the big trading desks of JPM, BAC, GS etc are trading against each other in a high stakes poker game, ALL IN. Proof of this? Check JPM devouring MF Global; even Reuters is implying now that JPM bankrupted MF Global. The question is who is the next big fish to be eaten by the sharks? Small fish is already gone.

http://www.reuters.com/article/2012/01/19/us-mfglobal-jpmorgan-idUSTRE80I02520120119

 

Thu, 01/19/2012 - 22:42 | 2080163 billybobtx
billybobtx's picture

So is every post a sticky now?

Thu, 01/19/2012 - 23:04 | 2080188 jomama
jomama's picture

newp.

Thu, 01/19/2012 - 23:19 | 2080210 Caviar Emptor
Caviar Emptor's picture

 

(Reuters) - General Motors Co regained its title as the world's top-selling automaker from Japanese rival Toyota Motor Corp in 2011

Fixed it!! See? Taxpayers always make out when they bail a failed company

/sarc

Thu, 01/19/2012 - 23:44 | 2080249 ekm
ekm's picture

So, GM and Toyota are racing to produce a looooooooooooot more cars than the world needs.

Great use of taxpayer money!!!!!!!!!!!!!!!!!!!!

Fri, 01/20/2012 - 00:02 | 2080275 covert
Fri, 01/20/2012 - 00:07 | 2080285 dogismyth
dogismyth's picture

well I said it back in November, and I'll say it again....plan on a kick ass rally this year.  Sure we'll go down...some.  Its Obama's year to brag about how the market started off with his call back in early 2009 and he will be rewarded for a job well-done in 2012.  Obama has done darn near everything as instructed by his masters.  Do you really believe that the market will crash the year Obama wants to get re-elected??  Why bother with all the news, data, predictions, ratings, etc.  You never know whether its true or not, and they love to keep you busy tracking down useless facts.  This year the doomers and gloomers are looking for everything under the sun...war, alien invasions, food shortages, major earthquakes, volcanoes, dollar collapse...and on and on.  And the christians are getting a real workout having to quote bible passages that PROVE the end is near.  LOL.

Wait and see.  2012 will be the best year for the markets since 2008.

Fri, 01/20/2012 - 00:29 | 2080325 adr
adr's picture

and how many of the little over 100 million wrking Americans have any money left to invest? Nobody is putting money towards 401k plans because they need every penny to pay for food and gas. The market could hit 50k and still have no effect on the true economy. The 1% already have more money than they ever need to purchase anything they could possibly want. At some point the accumulation of personal wealth reaches the point of saturation. Mark Fuckerberg may cash out a few billion this year but it won't create a single meaningful job. The best way to stimulate the economy would be to cut off Fuckerberg's head and go bowling with it. Facebook robs the economy of billions in lost productivity.

Fri, 01/20/2012 - 00:07 | 2080287 Real Estate Geek
Real Estate Geek's picture

JFC, that was almost unwatchable; the idiot talking head kept interrupting Janjuah.  I actually had to pause it halfway to take a break reading some comments.

Fri, 01/20/2012 - 00:21 | 2080309 adr
adr's picture

In the past month I now know 5 people who have lost good paying $50k+ jobs. Three neighbors have lost homes and the retail store my wife manages dropped 38% from last year's holiday sales. In fact she hasn't talked to a single store manager that beat last year. I sell product to Best Buy, Target, Walmart, Dick's, Hibbett's, TSA, and more. Not a single buyer has said that 2011 was better than 2010. Some have said reported sales are greater than the total value of the product they bought. They have sais inventory shows up in the computers they never bought, inventory stores never see. One buyer said, quote: "Something really fucked up is going on here." But, I'm sure all of this is wrong and the market Robotrader believes in is the real world and I live in fantasy land. Earnings are fake, billions worth of product is being bought by central governments to prop up economic reports. Product that goes nowhere. But no I am sure it is a whako conspiracy theory to say the US government would buy a couple billion worth of product through proxies to fake economic reports.

Fri, 01/20/2012 - 00:33 | 2080333 true brain
true brain's picture

WTF. Is it just me? I feel like I'm stuck in the twilight zone. So let me get this straight. News: China GDP is growing; the market goes up. News: China GDP is slowing down; the market goes up because now China will now print money, lower interest rate. The market has no where to go but up; have the laws of nature been suspended. Someone pull my hair out.

Fri, 01/20/2012 - 00:37 | 2080335 Caviar Emptor
Caviar Emptor's picture

I'm deeply concerned about the future of yuppies.

Fri, 01/20/2012 - 01:07 | 2080376 apu123
apu123's picture

I agree, the internet tough guys saying they are going to go out in a blaze of glory crack me up.  I used to work with law enforcement back in the day and if they want to get you, you don't stand a chance on your own, even if you have LE or military experience.  Most of the time they will time a no knock warrant when you are sitting on your couch, sleeping or eating and come hard.  At that point its best just to give up unless you have a death wish.  Then again I am not a tough guy.

Fri, 01/20/2012 - 07:45 | 2080556 falak pema
falak pema's picture

Bob Janjuah nails it. LTRO, Draghi's new wonder play, although it shows up Merkozy/Trichet's shoddy ditherings over TWO years of Euro limbo and status quo that burnt deeper the fivelegged Euro construct, when it should have bolstered its banks and holstered its ECB with an effective gun, will NOT solve lack of growth nor solve debt mountain INSOLVENCY blues.

That 2009-2010/2011 ineffective and crucial window when Merkozy should have acted joint and several, was the downfall of the Euro; as the contagion from US went viral without any effective reaction on political front in Eurozone. Italy and Spain having been sucked into banking cum sovereign tsunami, with a Berlu more interested in bunga bunga than cleaning out the banking crap, and a Zapatero totally impotent in front of BAnco Santander and regional banks profligate investments in runaway RE, the whole banking system of Eurozone has become toast in incestuous contagion play. And it ain't gonna go away. Not by adding debt on debt but by a long, hard, grinding, blood squeezing, deflationary cycle that will leave Eurozone weak and anaemic for five to ten years. A new ageing, Japan type, continent. What a dire perspective for this age!

Lets hope they won't throw out the baby with the dirty bath water and junk the EU continental construct. We will have to build a continental economic zone where people have a say; through parliaments and closer federation; it will be a way of surviving in the upcoming intercontinental fight for raw materials and resources. Undoubtedly THE BIG STORY of this unfolding resource constrained and overpopulated century; until Renewable sector innovations can make New Energy Paradigm grid compatible price wise, ecologically safer and sustainable, with unlimited solar/wind/geo/ocean swell momentum, and minimal fossil/fission input; and for which the break through key is finding economically and technically viable storabliity.

We will get there!

To end the MIC/OIL monopoly age of last sixty years, and its cancerous illegitimate son, the financialised construct of international cheap labour arbitrage hatched by Pax Americana. We will never be slaves to the Central HAtchery of Mustapha Mond, wherever he may come from.

One NEW looming mega challenge, that has to be faced by nation state constructs, in this photonically financialised and HFT fund transfer age, is the mega Oligarchical and criminal SYSTEM D construct; all fed on criminal hot money stashed in off-shore black holes, feeding the fast growing criminal virtual state : the 8 T cancer of Oligarchically controlled free economy, like the old Opium trade. A new ominous dark frontier.

We'll never stop being Sisyphus's sons.

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