Guest Post: The Junkie in the Pool and False Idols: Faith in Wall Street and The Fed Has Eroded

Tyler Durden's picture

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TruthInSunshine's picture

Rumors and desperate inteventionism are all they have left when the CON in confidence becomes apparent to the sheep, which I honestly believe is happening to a larger degree than I've ever seen in my lifetime - the sheep might not know the specifics and technicals of their shearing, but they can hear and feel the razor.

When average people buy gold or silver, they're rebuking the system and voicing their lack of confidence in the CONfidence people (the governments and central banks and 'markets').

Vote the masters of CONfidence, who are corrupt or incompetent, into oblivion, I sayeth!

problemfixr's picture

Well said, my friend, well said.

Ricky Bobby's picture

My postion has always been that buying Metals is first and foremost an act of REBELLION!

TruthInSunshine's picture

Real money, unmolested and unraped by Central Bankster diseased criminals, still in its pure, virginal state, is a beautiful thing.

I don't like my money or women debased.

End the Fed!

NumNutt's picture

All those mother fuckers with Obama sticker on their cars might want to start scrapeing them off.......

StychoKiller's picture

As someone so eloquently posted before:  "If you voted for Obama in 2008 to prove you're not a racist, who're ya gonna vote for in 2012 to prove you're not an idiot?"

Vitautas's picture

I think we are too pessimistic right now. Italy and Spain are saved:

 

http://www.bloomberg.com/apps/quote?ticker=GBTPGR10:IND

http://www.bloomberg.com/apps/quote?ticker=GSPG10YR:IND

 

Spain pays now lower interest rates than abginning of the year!

 

Waffen's picture

ahh hell no. At the Germans expense I take it.

flattrader's picture

Just go to dshort.com

CHS relies heavily on his work for regurgitable material.

Best read in the orginal.

See shadowstats.com too.

Praetorian Guard's picture

Move along, move along... all is well DOWn coming back... ;) hahahahahahaha - its still a polished turd...

 

 

https://www.gunsgrubandgold.com/forum

 

TruthInSunshine's picture

2:30 or 14:30 est  - Storm clouds and technicals say to ride the coming wave down on this beeeyotch.

espirit's picture

Global Financial Crisis is the new buzzword.  Who could have seen that one coming?

sunnydays's picture

http://thehill.com/blogs/on-the-money/budget/176261-gop-announces-its-pi...

the new super congress has been announced.

 

some are trying to get people to show their displeasure and start flying the U.S. flag upside down, which I think is a good idea and not illegal.  At least it is one way of standing up and maybe if enough did it, it would get media attention.

http://sherriequestioningall.blogspot.com/2011/08/if-there-was-ever-time...

CH1's picture

I am highly sympathetic, but you might want to consider that America - as many of us thought of it - is OVER, and it is not coming back. The system is irredeemable.

Time to forsake it and rebuild separately.

toady's picture

I saw some of that 'super congess' stuff...

Kyl? Are you fucking kidding me? The man is Satin himself. If it was up to him we would all be chained to our workstations and paid in bowls of rice with a little rat meat.

And Kerry? Mr. Cave-in-all-the-time-EVERY-time?

This will end up like the last go-around where the R's talk tough and the D's say 'please don't hurt me'.

OK, thats all the politics I can stand for a while.

MoneyWise's picture

"and is still far above its previous lows registered when people had lost faith in the market and its institutional cheerleaders (The Fed, Wall Street, etc.)"

Of course it is and will be higher.. Where you think
money will go??? In 0% Treasuries? Or what? Sit in cash and wait? Yes, Markets will be pumped much
higher (in little while), don't know how higher, but
Goldman target 14000 on S&P at
least sounds reasonable in 3-5 month Time Frame..
Mean while trade it daily.. while VIX is too high
I wish somebody shot f*king down S&P rating agency,
at least till VIX dropped below 20.. Those mf& just
asking for trouble.. Too much negative activity lately.

TruthInSunshine's picture

In the event you're actually being serious, and DIDN'T forget the sarcasm tags:

 

Are you high, brah?

You think anyone is going to do anything but bleed out investing in these so called markets?

You got your Abby Joseph Cohen on, brah.

Rodent Freikorps's picture

How come you are doing Hawiian Pidgin?

Is it a Spam thing?

TruthInSunshine's picture

I use the term 'brah' whenever I think someone is higher than a kite.

It may annoy some, but no other term expresses incredulity so succinctly.

MoneyWise's picture

See? you are depressed junkies and cannot see clearly.
Brainwashed by reading all this depression BS..
Ask Tyler, why his 1$ target Chinese scam stock
(SPRD)
still trading at 14.50??? Actually didn't even drop
since DOW dropped 1000+ points.
What you say??? Hah?
Or how about Pandora $2 price target???

Momo's?? Or what? :))) Look at the facts..
And all posted here is Negative sh*t collected from
whatever sources.. Nothing positive or Objective
Just a pile of negative Trash..

TruthInSunshine's picture

Even Mark Zandi is folding. He's tired of the barbs, slings and arrows, and bailing from his utter bullshit story on expansion.

 

Recession 2.0 Would Hurt Worse - Project Economy News Story

-- The risk of double dip recession is rising. ... agree on one thing -- a new recession would be worse than the last and very ... said Mark Zandi, chief economist at Moody's Analytics. ... "It really does matter where the economy is when it gets hit by these shocks," said Zandi. ...

"Going back into recession now would be scary, because we don't have the resources or the will to respond, and our initial starting point is such a point of weakness," said Mark Zandi, chief economist at Moody's Analytics. "It won't feel like a new recession. It would likely feel like a depression."

 

You have to know when to hold 'em, and know when to fold 'em. Watch Zandi increase his now 33% odds of contraction (not so long ago at 0%) to 99.9% within a few more weeks.

By "'em," I'm speaking of the once touted magical qualities possessed by The Bernankincide.

MoneyWise's picture

Well yeah, DOW 1100 in (2011) = 6500 in (2008), because DOW inflates as well, same as gold. Unless you forgot, Stock prices are nominated in US Dollars, value of which is declining. That is your double deep. Buy stocks selectively.

TruthInSunshine's picture

Keep buying that already depreciating asset class in real terms (and in nominal terms, too - 1998 forward), and catch that falling waterfall of boxcutters.

I wish you well.

MoneyWise's picture

Sure, thanks, I'm not buying and holding forever... And shorting too, if need it.. Now it's though of course with such high VIX, have to be alert. Good luck to you as well, I wish Silver go much higher, cause I have much more Physical Silver than Gold.

TruthInSunshine's picture

Sure.

You  buy on the intermediate or short term near lows and sell on the near highs.

Consistently.

Gotcha.

Jason_1sandal's picture

Hahahaha you don't get Zero Hedge at all do you. Do you think you are the first person to call Tyler out ? Many members here have, even long time loyal members. I would say we are some of the least brainwashed people on the planet. If you don't like what goes on here leave. I guarantee you, you won't be missed.

James's picture

Okay MoneyWise, Please explain all the positive things going on today.

I want to hear them all.

Hey,let's just extend and pretend. It will all work out!

Currently, the U.S.suffers from political,regulatory, judicial, and military capture by the vilest cretins who ever roamed the face of the earth. And no one to stop them.

Everyone of those four mentioned bodies swore under oath to protect the U.S. from enemies foreign and domestic.. Must've had their fingers crossed.

Not to mention the White House is fullof full fledged Marxists.

The American people have been sold out.

And their is not one man/woman of character that is going to stop it.

But hey, I'm organising a BBQ this Saturday @ noon. Bring your friends and family.Don't forget your   flag!

USA,USA USA,USA!

StychoKiller's picture

Looks like folks are selling Yen and Euros to buy Au, I would suggest that everyone do the same.

LetThemEatCake's picture

Another excellent article

Rodent Freikorps's picture

Faith? The Fed has PROVED they cannot overcome the sucking chest wound of ObamaCare, and full-fleged communists in charge of the executive agencies.

We have reached a point where the parasites have multiplied to the point that the host is dying, and the host refuses to acknowlege anything is wrong.

Ricky Bobby's picture

+10 Burning cities coming to the USSA.

TruthInSunshine's picture

Sweet!

They're going to speak more words....and cliches....and shit.

That's going to work out so well.

 

/sarc-a-lark-a-sarc/

Ricky Bobby's picture

"Only Thing We Have to Fear Is Fear Itself"

I feel so much better now!

toady's picture

'Ask not... Ah, well, fuck this..'

RobD's picture

Nothing good will come out of that meeting.

slewie the pi-rat's picture

personally, i'm starting to think that people are having waaaay too many hallucinations about the FED...

...even tho they're not addicted, themselves, of course...

might i suggest we all take things a day at a time, till friday? 

then, we can all spend the weekend hallucinating like crazy!

i just spoke with a canadian friend who had not realized the equities sell-offs could possibly be due to a recessionary scanario.  the sell-off is b/c "they" didn't get the debt ceiling raised "in time to avoid the down-grade." 

i asked if he thought the DOW was well-priced @ 12,500.  fuk no, slewie!  the economy sucks!

well, then maybe that's why people are selling stocks. 

eh?

 

Kokulakai's picture

I assume they want to get their stories straight.

BeetJuice's picture

The Wall St bubble is collapsing.

bania's picture

I say we all take one final dive into the pool before heading home today. it's 3:15, who's with me?

Greater Fool's picture

Sure. Seems like as good a day as any to tank the close and set up for a short-killing Thursday.

James's picture

I'll have to pass on that bania. But you go ahead.

When you're swimming and encounter three warm spots those will be where Obama, Geitner, and Bernank pissed in the pool.

espirit's picture

Even sheeple know when they're being CONfidenced.

Sudden Debt's picture

Yes but the Wallstreet money will trickle down to... WHOEHAHAHAHAHAHAHAHAHAH!!!!

 

Bastiat's picture

Great piece: the right data and right to the point.

automato's picture

The problem is that both retail and institutional investors do not believe a word coming from the mouth of anyone. The solution is to shut the f*** up! If your company is worth a billion and your stock is worth a million then buy it all back and shut the f*** up! If your company is worth a million and your stock is worth a billion then sell every share you own and shut the f*** up! If your company NEEDS it's stock to be worth a certain value then YOU ARE SCREWED! In today's climate talking is NOT viewed as strength.