Cognitive Dissonance Reigns As Risk Sentiment And Positioning Diverge

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Wed, 12/07/2011 - 12:01 | 1954936 Forgiven
Forgiven's picture

Exactly.  For those that don't see it.  Wake up! That's not bird doo falling, that's the sprinkles of a pending SHITSTORM.

Wed, 12/07/2011 - 12:02 | 1954943 AngryGerman
AngryGerman's picture, bullish?

Wed, 12/07/2011 - 12:04 | 1954949 Hansel
Hansel's picture

That's what I read.

Wed, 12/07/2011 - 12:06 | 1954957 AngryGerman
AngryGerman's picture

can't be anything else!

Wed, 12/07/2011 - 12:11 | 1954983 Spastica Rex
Spastica Rex's picture

Perpetual motion +1

Wed, 12/07/2011 - 12:14 | 1954986 LawsofPhysics
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Oh yes, saving leveraged paper with even more leveraged paper and then taxing the trades on such paper.  Is there an ETF that allows us to bet on the half-life of this solution?

Wed, 12/07/2011 - 12:19 | 1955006 Tsar Pointless
Tsar Pointless's picture


It's the "EFSF ESM Insufficient Funds We R Fd 3X Beta ETF".

Wed, 12/07/2011 - 12:39 | 1955082 MayIMommaDogFac...
MayIMommaDogFace2theBananaPatch's picture

...and IT'S GONE!

Wed, 12/07/2011 - 13:04 | 1955217 Stax Edwards
Stax Edwards's picture

Try Gartmans new ETF's:

Risk On  - ONN

Risk Off - OFF

Wed, 12/07/2011 - 14:19 | 1955494 hbjork1
hbjork1's picture

It is not really Bernanke's fault.  It is in large part the faux Ivy League liberall arts financial education.  We the people have bowed down to it and pronounced it great. 

The problem is that 1, the people in these jobs need more time in the real workaday world. 

And 2. We must stop rewarding white color crime.  We all think we can get a cut.  Fact is, we aren't.  Instead we are going to pay. 

If I could have the buying power of my early IRAs and savings back, I wouldn' care about my SC medical or other payments. 


Wed, 12/07/2011 - 14:39 | 1955570 Spastica Rex
Spastica Rex's picture

I think you're using the term "liberal arts" a bit loosely.

Wed, 12/07/2011 - 12:07 | 1954960 Oh regional Indian
Oh regional Indian's picture

The potential for outrageous profiteering off insider information boggles the mind.

Who is making money here....probably dark pools. Nuts if you can shake the global financial markets with the rumor of a supposed rumor's rumor. Even shrooming pennies in the seconds before an announcement breaks.

Fingerprints must be all over.



Wed, 12/07/2011 - 12:08 | 1954965 AngryGerman
AngryGerman's picture

you don't get the emails? sorry for you...

Wed, 12/07/2011 - 12:09 | 1954967 Momauguin Joe
Momauguin Joe's picture

Bullish for WWIII.

Wed, 12/07/2011 - 12:04 | 1954947 DormRoom
DormRoom's picture

there are never quick fixes to structural problems.  EZ bonds have been mispriced for the last 15 years. 


Merkozy wants to make us forgot this glaring fact with quick fixes.  Someone should send Rompuy a christmas card with the parable about the boy & the dyk.e

Wed, 12/07/2011 - 12:09 | 1954971 slackrabbit
slackrabbit's picture

There you go again!....always with the reason, the logic and common sence!!

Wed, 12/07/2011 - 14:04 | 1955460 CPL
CPL's picture

Agreed, how dare he makes sense like that.


Take the +1 and like it!

Wed, 12/07/2011 - 12:04 | 1954948 SokPOTUS
SokPOTUS's picture

C.D. - Where are you?  You should be all over this self-titled post...

Wed, 12/07/2011 - 12:21 | 1955011 Captain Kink
Captain Kink's picture

That was my thought also, "Cog Dis Reigns..."?  Great, finally some leadership we can count on! 

Wed, 12/07/2011 - 12:22 | 1955022 Teapot_Dome
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I got a little falsely excited thinking this would be a new C.D. post.

Wed, 12/07/2011 - 13:30 | 1955339 Cognitive Dissonance
Cognitive Dissonance's picture

Actually for a second there I was wondering who ripped off one of my unpublished pieces.

Time to change my password to something more complicated than "GoldSilverFoodGuns&Ammo". Next time it will be "CheckAllSightLinesInAdvance". :>)

Wed, 12/07/2011 - 13:26 | 1955321 Cognitive Dissonance
Cognitive Dissonance's picture

Sorry. Slept late and ignored the world until it's screaming could be put off no longer. But it looks like Tyler covered all the talking points anyway.

Now can I go back to bed? It's a cold rainy late Fall day here. :)

Wed, 12/07/2011 - 12:06 | 1954954 RobotTrader
RobotTrader's picture

Today is the last chance for the bears.

More than likely, the Eurozone problems will be fixed by Friday

And stocks will start moving tomorrow frontrunning the news

Wed, 12/07/2011 - 12:07 | 1954963 AngryGerman
AngryGerman's picture

robo! you little overoptimistic sneaky bastard. don't spoil the surprise...

Wed, 12/07/2011 - 12:27 | 1955034 narapoiddyslexia
narapoiddyslexia's picture

So Greece and the others aren't going to default after all? Whew, I was worried there for a second. Thanks, Robo. Its good to know its all over. Friday fixes everything. I'm going to write that down, by the way. With your name on it.

Wed, 12/07/2011 - 12:09 | 1954973 Tsar Pointless
Tsar Pointless's picture

Hahaha! Funny stuff.

And all of the problems here in the United States of Amerikkka were "fixed" with TARP. And with the QE family. And with TALF. And so on.

I guess you're on your way over there to help man the printing presses. Be sure to French-kiss your mom good-bye.

Not that you don't already do that everytime you go out for another supply of Cheez Doodles.

Wed, 12/07/2011 - 12:11 | 1954979 lizzy36
lizzy36's picture

Couldn't agree more.

Everything and everyone will be backstopped. It will be awesome. Gravity has been suspended. 

Time for Money Mangers to make their benchmarks and their bonuses.

Don't be sore buy some more! Don't just double down use a bunch of leverage and triple down. Afterall failure has been made illegal!

Wed, 12/07/2011 - 12:16 | 1954992 Spastica Rex
Spastica Rex's picture

We're approaching the singularity. On the other side, pure positive thought will manifest itself as reality. Negative thought will be washed away and destroyed. We will all merge as one collective consciousness, eternally contemplating the latest generation holy iPad.

Wed, 12/07/2011 - 12:30 | 1955041 NotApplicable
NotApplicable's picture

Singularity was what I thought when I saw your perpetual motion +1 post, above.

Change will happen so fast, even the HFTbots will be unable to keep up.

Should be a real hoot.

Wed, 12/07/2011 - 13:13 | 1955257 Sunshine n Lollipops
Sunshine n Lollipops's picture

Multiple singularities of positive negativity!

AKA, massive debt = massive bonuses! 


Wed, 12/07/2011 - 12:30 | 1955042 slewie the pi-rat
slewie the pi-rat's picture

timmah is traversing the EU

er, make that greasing the EU

historically-speaking, of course

Wed, 12/07/2011 - 12:17 | 1955001 WonderDawg
WonderDawg's picture

I'm so fucking tempted to buy some LNKD and CRM puts today, not sure I can stop myself. What to do?

Wed, 12/07/2011 - 12:31 | 1955045 NotApplicable
NotApplicable's picture

Invest in your favorite spirits and get drunk instead. Far more productive, as well as less stressful.

Wed, 12/07/2011 - 13:24 | 1955298 Stax Edwards
Stax Edwards's picture

FWIW I closed out my LNKD short.  Still have a strategy but not just yet.

Wed, 12/07/2011 - 13:59 | 1955441 WonderDawg
WonderDawg's picture

I almost pulled the trigger on LNKD last Thursday. Glad I waited, but it is awfully tempting right now.

Wed, 12/07/2011 - 12:19 | 1955003 SheepDog-One
SheepDog-One's picture

MomoFaded youll never get back to DOW 12,700 where you went all in are fucked.

Wed, 12/07/2011 - 12:45 | 1955115 homersimpson
homersimpson's picture

12.7K? You're being too nice. The dude was long at 14k..

Wed, 12/07/2011 - 12:45 | 1955113 homersimpson
homersimpson's picture

The only thing fixed is this stock market.

You're the poker player everyone wants to play with - you're always willing to go all in with the worst hands.

Wed, 12/07/2011 - 12:07 | 1954962 slackrabbit
slackrabbit's picture

I have spoken to my Yoda doll, and I can tell you this problem will be fixed by Friday!

Wed, 12/07/2011 - 12:26 | 1955030 Schmuck Raker
Schmuck Raker's picture

My Magic 8 Ball confirms that:"It is certain".

Wed, 12/07/2011 - 12:09 | 1954969 Dr. Engali
Dr. Engali's picture

This doesn't read like a CD post. I smell an imposter.

Wed, 12/07/2011 - 13:42 | 1955387 Cognitive Dissonance
Cognitive Dissonance's picture

Tyler is the original CD as far as I'm concerned. He certainly creates Cognitive Dissonance on a daily basis.

Wed, 12/07/2011 - 12:10 | 1954972 hedgeless_horseman
hedgeless_horseman's picture



Cognitive Dissonance Reigns

Congratulations, CD!  You deserve it.

Wed, 12/07/2011 - 13:40 | 1955380 Cognitive Dissonance
Cognitive Dissonance's picture

Does the position come with an obscene salary and benefits? And am I paid in fiat or Precious Metals?

Wed, 12/07/2011 - 14:06 | 1955466 CPL
CPL's picture

Hand shakes and "job well done" is all the powers that be are offering after stealing anything not nailed down.

Wed, 12/07/2011 - 12:12 | 1954984 LawsofPhysics
LawsofPhysics's picture

Two big stick saves already today as the half life for saving leveraged paper with even more leveraged paper gets exponentially shorter.  Well it's been fun profiting from all this market volitility, time to get some more physical and small denominations of cash.

Wed, 12/07/2011 - 12:19 | 1955004 A Lunatic
A Lunatic's picture

I'm buying the dips like a madman. So far I'm stocked up on bean, cheddar, clam, onion, fry sauce and guacamole.

Wed, 12/07/2011 - 12:14 | 1954987 Everybodys All ...
Everybodys All American's picture

Sell the news either way ...

Wed, 12/07/2011 - 14:07 | 1955472 CPL
CPL's picture

Everybody DEAD!!!  DJIA up to 16000

Everyone rich!!  DJIA up to 16000

Wed, 12/07/2011 - 12:14 | 1954988 vegas
vegas's picture

Who cares?

CFTC fines Merrill 350K for cotton futures violations. I feel better now. [They must need new copiers or something]

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