Citi: "The Bear Market Rally Is Behind Us; We Anticipate A Move To 1,000-1,015"

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Wed, 11/02/2011 - 17:35 | 1838751 Flakmeister
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Am I being told to dump my SDS??

Wed, 11/02/2011 - 17:39 | 1838779 NewThor
NewThor's picture

As Euro markets bleed out, USA markets will rise. Maybe 10% to 15% more.


Wed, 11/02/2011 - 17:46 | 1838805 WestVillageIdiot
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Euro markets were up today.  The DAX is now 20% off its October lows.  That doesn't seem like bleeding out to me. 

Wed, 11/02/2011 - 17:53 | 1838842 Perma Bull
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That's because the DAX is denominated in PAPER. PAPER is NOT BACKED by ANYTHING. Better get your phyiscal SILVER soon cos that price is gonna EXPLODE! QE to INFINITY!!!

Wed, 11/02/2011 - 18:44 | 1838979 Comay Mierda
Comay Mierda's picture

look for a Dow/Gold ratio of 1 in the coming collapse that will mark the turnaround

Wed, 11/02/2011 - 19:20 | 1839117 ratso
ratso's picture

So, are we to believe that this is like 2008?? No, I don't think so.

Are we getting another announcement that THE SKY IS FALLING?  If all the announcements of impending doom were close to being true, the damn sky would have crashed and burned years ago - 2008 to be exact.

Do Citi and Goldman Sachs all of a sudden become the beacons of truth after having been such utter thieves and liars? No, i hardly think so.  Their assertions  are open to serious question based on nothing more than their all to often impeached source.


Wed, 11/02/2011 - 19:57 | 1839240 Libertarians fo...
Libertarians for Prosperity's picture



While we are the last to put much weight in the predictive power of technical analysis, lately it has become all too clear that the only thing more worthless than technicals is fundamentals.

Hold it right there, partner!

What about Turd Ferguson?  His ability to make 24 hour predictions is, quite frankly, a true blessing in our endless fight against Blythe and the "Cartel."  While I don't actually "play with paper" (I'm a stacker!), I have many friends who have used Turd's technical analysis and have become extremely wealthy. 

I think we all can agree that Tyler needs to be a little more careful in his generalizations. 

Ron Paul 2012  END THE FED!

Wed, 11/02/2011 - 20:14 | 1839289 Clueless Economist
Clueless Economist's picture

smarter than the average bear

Wed, 11/02/2011 - 17:57 | 1838855 Shocker
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The stock market is going to do whatever it wants, regardless of what is going on in the economy.


Wed, 11/02/2011 - 18:49 | 1839022 peekcrackers
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I see dead people

Wed, 11/02/2011 - 19:12 | 1839111 Withdrawn Sanction
Withdrawn Sanction's picture

Yeah, me too. The corpses are wearing Manolo Blahnik shoes and Saville Row suits, the pockets of which are stuffed w/uncashed bonus checks drawn on bankrupt banks....

Wed, 11/02/2011 - 17:48 | 1838820 Perma Bull
Perma Bull's picture

These prices are CHEAP. Wait till Bernanke turns on the printing presses - ALL real assets are going to EXPLODE. I predict S&P at 10,000, gold at 100,000 when Bernanke anounces QE3,QE4,.........,QE infinity!!!!!!!! HYPERINFLATION BITCHES!!!

Wed, 11/02/2011 - 18:19 | 1838927 FutureShock
FutureShock's picture

No the market will rocket up on QE and Gold money will move to equities. Great time to buy PM's but expect a dip short term if QE.  Logic would make sense that gold goes up but no, nothing is logical anymore.

Wed, 11/02/2011 - 18:49 | 1839021 Pitchman
Pitchman's picture

Check out: Fibonacci Numbers - The Fingerprint of God & God Within


See how money, created out of thin air has exploded the worlds financial sector and, it can disappear as if it never existed:

Evaporation of Wealth on a Vast Scale: How $Millions - Trillions Can Disappear


Check out the fascinating interview on the evolution of corruption with Ms. Fitts.  And, If you're interested in the depth of the Rabbit Hole and the psychopaths within, see the "Dillon Reed and Company: And the Aristocracy of Stock Profits" link at the bottom of: The Looting of America: Happy Labor Day


Inflection Point

Wed, 11/02/2011 - 19:00 | 1839070 crazyjsmith
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Thanks for those links P-Man.  C. Fitts should be our next Secretary of the Treasury, she is amazing.  

Wed, 11/02/2011 - 19:14 | 1839113 Sorynn
Sorynn's picture

Great links.  Thanks.

Wed, 11/02/2011 - 21:40 | 1839550 Manthong
Manthong's picture

I can identify with that.

Good stuff.. cover graphic a little risque, though.

Wed, 11/02/2011 - 17:49 | 1838827 CPL
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You should apply to the Federal Reserve.  They are looking for smart kids like you.

Wed, 11/02/2011 - 18:04 | 1838878 SheepDog-One
SheepDog-One's picture

Well how do you figure that, NewThor?

Wed, 11/02/2011 - 18:11 | 1838910 CPL
CPL's picture

Shhhh, don't ask that question...Thor has spoken.

Thu, 11/03/2011 - 02:35 | 1839973 NewThor
NewThor's picture

I ain't the Expert at micro, macro and granular economic happenings in all places.

That's why I come to ZeroHedge. To learn from the best of the best.

O just figured that the Euro Zone looks set to tank first,

and Nostradamus says the same shit. Europe gets smashed, then America.

So with all this liquidity sloshing around, I thought that when Greece tanks,

shit loads of money will be yanked out of there and most of it will end up around the USA.

And that'll last for 3-5 days, then CRASH BITCHEZ! Right?

and seriously, CPL

Me go work for The Serpent?

You should brush up on your Norse Religion.

I die destroying the Beast, not working for it.


Wed, 11/02/2011 - 18:35 | 1838974 junkyardjack
junkyardjack's picture

Yes that makes sense, stocks should rally as the dollar gets stronger...

Wed, 11/02/2011 - 19:21 | 1839135 Withdrawn Sanction
Withdrawn Sanction's picture

As Euro markets bleed out, USA markets will rise. Maybe 10% to 15% more.

Right, because every dollar (euro) taken out of one market frictionlessly shows up in its competitor.  You might want to check your logic there, friend.  Start w/the concept of discontinuity.   Then try studying up on "herding" and "panic."  And maybe if that doesnt upset your priors, consider "illiquidity." 

What happened to Old Thor?  He was more exciting, or at least not trite.

Wed, 11/02/2011 - 17:43 | 1838792 Balmyone
Balmyone's picture

Sometimes this market seems like such a scam. 

Will Greece default already.

Anyone have any clue which direction the market is going to go tomorrow?

Will Friday's employment report make any difference.



Wed, 11/02/2011 - 17:48 | 1838817 WestVillageIdiot
WestVillageIdiot's picture

Perhaps we need to develop a new word for this thing.  "Market" doesn't seem appropriate.  Calling this a market is like saying wrestling isn't fixed or calling a bowler an athlete.  I know people like to use the word "casino" but this doesn't seem right either.  if a casino operator ever tried this shit they would be getting the type of treatment DeNiro gave to the guys that were counting cards in Casino. 

Wed, 11/02/2011 - 18:07 | 1838889 pauhana
pauhana's picture

I keep thinking of the way dolphins herd anchovies.  The little fish swim left, then dart right, but eventually get rolled into a nice, neat ball - the more efficiently to be eaten by the big fish.  Most trading days I feel like the anchovy.

Wed, 11/02/2011 - 18:37 | 1838978 Dumpster Fire
Dumpster Fire's picture

I prefer the Orca's method of smacking the fish ball senseless with it's massive tail and scooping up the stunned sushi.

Wed, 11/02/2011 - 19:00 | 1839075 TeamDepends
TeamDepends's picture

How 'bout "fixed barbaric crapshoot"?

Wed, 11/02/2011 - 18:05 | 1838880 J 457
J 457's picture

"Anyone have any clue which direction the market is going to go tomorrow?"

Yes, tomorrow will start down, with a recovery into close with slight loss.

Friday, start up with better tha expected BLS report, with sell off late in the day as people realize 9.1% for the last year is not really much progress after spending a few trillion in QE.

Monday, down triple digits after a few EU bank downgrades and more EFSF squabble.

Note, I'm correct at least 50% of the time.

Wed, 11/02/2011 - 18:48 | 1839015 Aguadulce
Aguadulce's picture

60% of the time, it works every time......

Wed, 11/02/2011 - 18:04 | 1838876 Mugatu
Mugatu's picture

Agree with you Flakmeister!  I don't like it when the big boys are on the same side of the trade.

Wed, 11/02/2011 - 18:23 | 1838936 Flakmeister
Flakmeister's picture

I'll hold my SDS for now, but I do have an itchy trigger finger...

 It is somewhat hedged by selling OTM calls against it... (The calls take care of the NAV decay)

Wed, 11/02/2011 - 17:35 | 1838752 Triple A
Triple A's picture

this market is a fuggin rollercoaster


Wed, 11/02/2011 - 17:40 | 1838782 Long-John-Silver
Long-John-Silver's picture

99.99% of all roller coaster rides come to a pleasurable end. This one will not.

Wed, 11/02/2011 - 17:42 | 1838786 NewThor
NewThor's picture

Roller coaster with a Happy Ending!

Wed, 11/02/2011 - 17:49 | 1838823 WestVillageIdiot
WestVillageIdiot's picture

Me ruv you rong time.  Weeeeeeeee.

Wed, 11/02/2011 - 18:07 | 1838888 theMAXILOPEZpsycho
theMAXILOPEZpsycho's picture

yes rollercosters are especially good if you have a thai prostitute jerking you off while you're riding

Wed, 11/02/2011 - 17:49 | 1838824 Let them eat iPads
Let them eat iPads's picture

100% of roller coaster rides end at the bottom.

Wed, 11/02/2011 - 17:58 | 1838858 WestVillageIdiot
WestVillageIdiot's picture

Just like so many wonderful nights that end in the gutter or with your face in a toilet.  The Piper doesn't do volunteer work. 

Wed, 11/02/2011 - 18:05 | 1838883 SheepDog-One
SheepDog-One's picture

Hopium hangover is a real bitch! 

Wed, 11/02/2011 - 17:55 | 1838844 Sudden Debt
Sudden Debt's picture

Final destination wise :)

Wed, 11/02/2011 - 18:38 | 1838980 junkyardjack
junkyardjack's picture

This roller coaster has been stuck upside down, emergency crews are on their way

Wed, 11/02/2011 - 19:06 | 1839089 Carlyle Groupie
Carlyle Groupie's picture

"this market is a fuggin rollercoaster"

It's suppose to be. When they get done with you you'll be begging them to allow you to move what money you have left into their "distressed" real estate. (Which is actually overpriced and always will be).

Get it? The banks always win.

Wed, 11/02/2011 - 17:35 | 1838753 Zola
Zola's picture

This market has failed to anticipate major events and major economic development. Its prediction power is seriously weak. I give it a C-    . Probably due to the large population of lemmings out there.

Wed, 11/02/2011 - 17:38 | 1838774 Tense INDIAN
Tense INDIAN's picture

or may be there is just toooo much money in the system

Wed, 11/02/2011 - 17:50 | 1838836 WestVillageIdiot
WestVillageIdiot's picture

Or maybe this thing is as unnatural as a woman's feet that have been bound for fifteen years.  This thing has been stunted to the point where it is no longer recognizable.  A free market is when you give a girl 2 silver eagles for a blow job.  That is capitalism.  This is something out of a Vincent Price movie. 

Wed, 11/02/2011 - 18:13 | 1838918 billhilly
billhilly's picture

2 Silver Eagles !  Holy cripes !  Up here in the hills that'd get you two weeks of sleep overs and some cabin cleaning during the day.  You must be from the big city.

Wed, 11/02/2011 - 18:19 | 1838928 WestVillageIdiot
WestVillageIdiot's picture

Say "hey" to everybody in West Virginia.  I've never been with a woman that had 13 toes. 

Wed, 11/02/2011 - 18:24 | 1838941 billhilly
billhilly's picture

Me either, you don't think I'd sleep with my cousin do ya?


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