• Steve H. Hanke
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Guest Post: Dazed, Confused And Ditto

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Wed, 08/24/2011 - 08:54 | 1594576 Ratscam
Ratscam's picture

cant wait for the volatility in september/october

Wed, 08/24/2011 - 09:00 | 1594605 slaughterer
slaughterer's picture

Today's ES target is 1172.  Buy. 

Wed, 08/24/2011 - 09:05 | 1594633 CPL
CPL's picture

I wouldn't bet on it today.

Wed, 08/24/2011 - 09:17 | 1594676 Cdad
Cdad's picture

Agreed.  You currently have the BlowHorn [CNBC] crowd calling "risk off" and "no one is long."  It must have been 2009 the last time I heard the BlowHorn pimping the bearish point of view.

If that does not get your attention...well, then nothing will.

Sell the pop.  Buy GLD weakness a couple more handles down.

Wed, 08/24/2011 - 09:21 | 1594690 buzzsaw99
buzzsaw99's picture

anything bubblevision says is less than useful.

Wed, 08/24/2011 - 09:24 | 1594703 Cdad
Cdad's picture

Not entirely.  Since it is the job of the BlowHorn to help Wall Street front run various things, you can listen to it and apply intuition, anticipating where funds are looking to get in or out.

Super, double secret, counter intuitive, bubblevision information application.

Wed, 08/24/2011 - 09:29 | 1594725 SheepDog-One
SheepDog-One's picture

Yep Cdad you just have to know how to read between the Clownhorns lines.

Wed, 08/24/2011 - 10:27 | 1594940 Tramp Stamper
Tramp Stamper's picture

Thats why CNBC has a poll everyday to find out what the investors are thinking and use that against them.

Wed, 08/24/2011 - 10:04 | 1594770 TruthInSunshine
TruthInSunshine's picture

 

 

Cdad/sdog -

Roubini tweets:

Nouriel Roubini
I dont watch it but i read Zero Heddge... ": why do you watch cnbc?"
16 minutes ago
Nouriel Roubini
Is it only RedBull...? : Is CNBC thinking that getting screamed at by a redbull addict conducive to a Nielsen ratings surge?
19 minutes ago
Nouriel Roubini
Right! Go & tell ahead of the tape to a clueless equiy market : aircraft orders are great! But choppy. Core=true trend

21 minutes ago

Wed, 08/24/2011 - 10:18 | 1594889 buzzsaw99
buzzsaw99's picture

true dat. you made it sound like you were taking them at their word there for a moment. glad to be wrong.

Wed, 08/24/2011 - 09:23 | 1594699 Stoploss
Stoploss's picture

John Paulson has to have shit running down his leg with the hit in gold.

 

OT. What are the odds that BAC was the "mystery borrower" the other day, when every one thought it was SNB?

SNB said no, not us, but did not elaborate further. Hmmmmm.

Wed, 08/24/2011 - 09:26 | 1594715 Cdad
Cdad's picture

A little more liquidation in the GLD, Paulson and such selling a bit more of their winners, and it,s a buy, and the market more broadly reverses yesterday's utter stupidity.

Wed, 08/24/2011 - 09:36 | 1594746 slaughterer
slaughterer's picture

Today = stupidity squared.

Wed, 08/24/2011 - 09:48 | 1594778 SheepDog-One
SheepDog-One's picture

'No one is long'...yet stocks are within 15% of their all time highs. So who IS long? Someone! I guess the FED about owns the whole ball of wax by now, most all bonds, most all of the stocks....wow wonderful.

Wed, 08/24/2011 - 09:51 | 1594791 topcallingtroll
topcallingtroll's picture

If cnbc turning bearish isn't a bullish signal I don't know what is.

Wed, 08/24/2011 - 10:05 | 1594847 slaughterer
slaughterer's picture

1,174.49 hit less than 30 minutes after my call. 

You all can buy the new "Slaughterer is my new ZH Trading Guru" T-Shirt from the on-line website next week.   It will cost $500, because the lettering will be in pure 24-Karat Gold.  The cult image of my tits will be reproduced by WBanzai on it. 

If you can't afford the T-Shirt, you can always make a contribution to ZH.  And a public apology here would also be nice.   ;-) 

Wed, 08/24/2011 - 10:27 | 1594939 snowball777
snowball777's picture

I'm betting all the girls call you "minute man" (and you think it's because of your patriotism).

Wed, 08/24/2011 - 11:05 | 1595145 MichaelG
MichaelG's picture

And back in the red 60 minutes later.  Can I have a refund on the t-shirt I pre-ordered?

Wed, 08/24/2011 - 09:54 | 1594807 SheepDog-One
SheepDog-One's picture

1172 huh...we'll see.

Wed, 08/24/2011 - 08:56 | 1594590 pupton
pupton's picture

RON PAUL BITCHEZ!!!

http://www.rasmussenreports.com/public_content/politics/elections/election_2012/election_2012_presidential_election/obama_39_paul_38

What is important to remember is that there are many “undecided” Republicans that will end up voting for Ron Paul if he is the nominee. Every Democrat voter already knows Obama is their guy, so I wouldn’t expect him to pick up much more support. Also, Ron Paul has a HUGE advantage among independent voters, which would just about seal the deal. Obama has the predictable advantage among, poor, young and female. (And probably brown) Many of those people are not reliable for turnout on election day. Ron Paul’s supporters are the most reliable voters on election day.

Off topic, I know...junk me...oh, right.

Wed, 08/24/2011 - 09:01 | 1594615 Debtless
Debtless's picture

There will undoubtedly be untold numbers of former Dems with nothing to vote for in the next election from their side. Some will follow R. Paul. Many independents too. Another Obama vote is pretty hard to defend at this point for far too many.

Wed, 08/24/2011 - 09:05 | 1594634 Ausperity
Ausperity's picture

Ron Paul 2012 - "It's Time to Hit Bottom, America!"

Wed, 08/24/2011 - 09:07 | 1594643 LawsofPhysics
LawsofPhysics's picture

The more the MSM and the GOP and DEMs ignore and bash Ron, the more popular he will become.  Didn't we learn anything from the album labels we got back in the 80's.  Only those albums with the "explicit lyrics" sold well.

 

to quote another on ZH - " bloody pods"

Wed, 08/24/2011 - 09:26 | 1594714 Ausperity
Ausperity's picture

I think that he finally has enough buzz to win, and will.  It's just what happens afterwards that gets ugly.  I'm not against him; but, Ron Paul will probably be this depresion's Herbert Hoover.  I just don't want people to think that a return to mark-to-market and sound monetary policy (perhaps a gold standard) will be a painless transition; they will be very painful, indeed.  My comments aren't bashing Ron Paul; I am merely encouraging his supporters to hedge accordingly.

Wed, 08/24/2011 - 09:50 | 1594786 topcallingtroll
topcallingtroll's picture

Ron Paul can't win but I will vote for him.

The Dem machine will scare the brown people with cries of racism and scare the old people with his quotes about social security and medicare.

Wed, 08/24/2011 - 09:08 | 1594647 WarriorClass
WarriorClass's picture

Off topic, but correct.

Wed, 08/24/2011 - 09:40 | 1594751 snowball777
snowball777's picture

Get it through your thick head: he won't be a Pug nominee and he can't win as an independent.

How many times must he tilt at the windmill before you understand that he is just plain unelectable for president in the US?

It's one thing to say "It'd be nice if...", but we don't live in that alternate universe, m'kay?

Wed, 08/24/2011 - 12:55 | 1595633 RockyRacoon
RockyRacoon's picture

The way he wins is to get more votes than any other guy.  The way to get the votes is that people show up in the booth and do the deed.   This is pure mechanics, not theology.    Make it happen by making it happen.   Contribute to his campaign (as I have), hold a stupid goddam sign, talk to the people you know, send out notices and updates by email.  This is how it happens.

Wed, 08/24/2011 - 08:59 | 1594603 LawsofPhysics
LawsofPhysics's picture

Volitility bitches.  Get yours while the getting is good.   So long as Tyler is rambling, allow me to prognosticate.

I predict Friday will be uneventful.  Now everyone get back to work. 

Wed, 08/24/2011 - 09:01 | 1594617 sudzee
sudzee's picture

Need a confusion index.

Wed, 08/24/2011 - 09:03 | 1594620 dwdollar
dwdollar's picture

A 'WTF?' index.

Wed, 08/24/2011 - 09:07 | 1594640 oogs66
oogs66's picture

i would buy that

Wed, 08/24/2011 - 09:18 | 1594678 nodoctor
nodoctor's picture

I propose a WTF Equivalency Index - WEI.  It will be the ratio of

WTF1/WTF2

Where WTF1 is Winning The Future! and WTF2 is What The Fuck?

 

 

Wed, 08/24/2011 - 09:42 | 1594758 snowball777
snowball777's picture

Whack-traded fund.

Wed, 08/24/2011 - 09:04 | 1594622 LawsofPhysics
LawsofPhysics's picture

"The taxpayers would be suing the banks, but if they won, they would be getting paid by themselves above some set amount.  Maybe I underestimate the ability of the government to miss such obvious details, but no way does JPM buy BAC without a cap on all that litigation."

Two comments;

1)  JPM is "the government"

2)  I pay myself now, what is the difference - "the taxpayer" is now a MINORITY so why not let the ignorant fucks riot so we know who to shoot first.

Wed, 08/24/2011 - 09:05 | 1594635 slaughterer
slaughterer's picture

Do not be confused: Short volatility today. 

Wed, 08/24/2011 - 10:07 | 1594849 topcallingtroll
topcallingtroll's picture

until friday.

Wed, 08/24/2011 - 09:07 | 1594642 Dick Darlington
Dick Darlington's picture

Joke of the day, enjoy:

Aug. 24 (Bloomberg) -- Bank of America shares may triple
from current price levels, Raymond James analyst Anthony Polini
said in a note, without providing a timeframe.
• BAC liquidity ‘excellent,’ balance sheet flexible, reserve levels high: Polini
• BAC mortgage expenses unlikely to exceed $10b, don’t expect co. to issue stock: Polini
• Raymond James rates BAC strong buy, PT $16; 18 buys, 18 holds, 2 sells, avt. PT $13: Bloomberg data

Wed, 08/24/2011 - 09:47 | 1594774 snowball777
snowball777's picture

"balance sheet flexible"...FASB flexible maybe...and he misspelled 'shit'.

"unlikely to exceed $10B"...ummm...you forgot a zero.

They'll issue stock alright...directly into the market analog of Hurricane Irene.

The crackpipes be slurpin' at Raymod James..."Independent" FA...LOL

Wed, 08/24/2011 - 09:08 | 1594648 Zonker
Zonker's picture

Is the Crystal Ball broken?  Maybe you can use some of that Hedge Fund slush money to get a new one! jk

 

Z

Wed, 08/24/2011 - 09:14 | 1594666 monopoly
monopoly's picture

Outside of a few miners, no stocks for me. Not worth the risk.

Wed, 08/24/2011 - 09:31 | 1594730 SheepDog-One
SheepDog-One's picture

I never did understand miner stock buyers.

Wed, 08/24/2011 - 09:42 | 1594760 IrritableBowels
IrritableBowels's picture

Expand?

Wed, 08/24/2011 - 09:48 | 1594777 snowball777
snowball777's picture

Fuck paper.

Wed, 08/24/2011 - 09:15 | 1594669 mikmid
mikmid's picture

Chavez sucking in gold.

BAC in trouble

Europe dazed and confused and now wanting PIIGS gold.

The "Stan" coutries buying all thier own gold.

The Bernak doing ZIRP and Twist 2.

Fukashima melting down Tokyo.

Looming wars for the good of the Rothchilds and Rockefellers.

A disfunctional US gov. with an idiot at the helm.

Banksters still stealing everything that's not nailed down.

The stock market running on vapors and dreams of DOW 20,000.

Great quantities of US dollars in excess reserves and in foreign banks waiting to excape.

DYSFUNTIONAL MARKETS, DOLLARS, EUROS, BONDS, GOVERNMENT, SHEEPLE, MIDDLE EAST, EUROPE, US AND FOOD.

PERHAPS BEANS BULLETS AND BULLION IS NOT A BAD IDEA.

 

 

Wed, 08/24/2011 - 09:42 | 1594759 SheepDog-One
SheepDog-One's picture

Yep!

Wed, 08/24/2011 - 12:57 | 1595645 RockyRacoon
RockyRacoon's picture

Check, check, and ....... mmmm,  check.

Wed, 08/24/2011 - 09:19 | 1594681 Tucson Tom
Tucson Tom's picture

Inexplicable drop in gold? I thought it was the increase in margin requirements in Shanghai. No?

Wed, 08/24/2011 - 09:23 | 1594702 chistletoe
chistletoe's picture

what are the odds

that there will even BE another election?

Wed, 08/24/2011 - 09:24 | 1594705 ben_bernanke
ben_bernanke's picture

Gold fell because fear came out of the market. It has nothing to do with QE3. Stocks rose because they are cheap and being snatched up, the sellers are exhausted and there's no real evidence of a recession.

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