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

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Wed, 08/10/2011 - 14:14 | 1547408 TruthInSunshine
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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!

Wed, 08/10/2011 - 14:35 | 1547509 problemfixr
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Well said, my friend, well said.

Wed, 08/10/2011 - 14:38 | 1547521 CH1
CH1's picture


Wed, 08/10/2011 - 14:53 | 1547583 Ricky Bobby
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My postion has always been that buying Metals is first and foremost an act of REBELLION!

Wed, 08/10/2011 - 15:08 | 1547636 TruthInSunshine
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!

Wed, 08/10/2011 - 15:20 | 1547673 NumNutt
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All those mother fuckers with Obama sticker on their cars might want to start scrapeing them off.......

Wed, 08/10/2011 - 21:28 | 1549484 StychoKiller
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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?"

Wed, 08/10/2011 - 14:13 | 1547414 Vitautas
Vitautas's picture

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


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


Wed, 08/10/2011 - 14:40 | 1547535 Waffen
Waffen's picture

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

Wed, 08/10/2011 - 14:16 | 1547424 the not so migh...
the not so mighty maximiza's picture

great article

Wed, 08/10/2011 - 15:04 | 1547623 flattrader
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Just go to

CHS relies heavily on his work for regurgitable material.

Best read in the orginal.

See too.

Wed, 08/10/2011 - 14:25 | 1547461 Praetorian Guard
Praetorian Guard's picture

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


Wed, 08/10/2011 - 14:33 | 1547495 TruthInSunshine
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2:30 or 14:30 est  - Storm clouds and technicals say to ride the coming wave down on this beeeyotch.

Wed, 08/10/2011 - 14:33 | 1547499 espirit
espirit's picture

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

Wed, 08/10/2011 - 14:34 | 1547505 sunnydays
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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.

Wed, 08/10/2011 - 14:42 | 1547537 CH1
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.

Wed, 08/10/2011 - 15:16 | 1547664 toady
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.

Wed, 08/10/2011 - 14:39 | 1547529 MoneyWise
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"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.

Wed, 08/10/2011 - 14:46 | 1547566 TruthInSunshine
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.

Wed, 08/10/2011 - 14:49 | 1547574 Rodent Freikorps
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How come you are doing Hawiian Pidgin?

Is it a Spam thing?

Wed, 08/10/2011 - 14:57 | 1547595 TruthInSunshine
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.

Wed, 08/10/2011 - 15:00 | 1547604 MoneyWise
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
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..

Wed, 08/10/2011 - 15:06 | 1547621 TruthInSunshine
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.

Wed, 08/10/2011 - 15:14 | 1547647 MoneyWise
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.

Wed, 08/10/2011 - 15:15 | 1547659 TruthInSunshine
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.

Wed, 08/10/2011 - 15:27 | 1547698 MoneyWise
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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.

Wed, 08/10/2011 - 17:06 | 1548422 TruthInSunshine
TruthInSunshine's picture


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



Wed, 08/10/2011 - 16:03 | 1547899 Jason_1sandal
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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.

Wed, 08/10/2011 - 17:30 | 1548028 James
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!


Wed, 08/10/2011 - 21:32 | 1549500 StychoKiller
StychoKiller's picture

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

Wed, 08/10/2011 - 14:44 | 1547556 LetThemEatCake
LetThemEatCake's picture

Another excellent article

Wed, 08/10/2011 - 14:46 | 1547563 Rodent Freikorps
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.

Wed, 08/10/2011 - 14:57 | 1547596 Ricky Bobby
Ricky Bobby's picture

+10 Burning cities coming to the USSA.

Wed, 08/10/2011 - 14:54 | 1547587 TruthInSunshine
TruthInSunshine's picture


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

That's going to work out so well.



Wed, 08/10/2011 - 14:59 | 1547603 Ricky Bobby
Ricky Bobby's picture

"Only Thing We Have to Fear Is Fear Itself"

I feel so much better now!

Wed, 08/10/2011 - 15:22 | 1547684 toady
toady's picture

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

Wed, 08/10/2011 - 14:54 | 1547588 RobD
RobD's picture

Nothing good will come out of that meeting.

Wed, 08/10/2011 - 14:53 | 1547582 slewie the pi-rat
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. 



Wed, 08/10/2011 - 15:00 | 1547607 Kokulakai
Kokulakai's picture

I assume they want to get their stories straight.

Wed, 08/10/2011 - 15:03 | 1547618 BeetJuice
BeetJuice's picture

The Wall St bubble is collapsing.

Wed, 08/10/2011 - 15:12 | 1547648 bania
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?

Wed, 08/10/2011 - 15:21 | 1547675 Greater Fool
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.

Wed, 08/10/2011 - 17:34 | 1548561 James
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.

Wed, 08/10/2011 - 15:14 | 1547656 espirit
espirit's picture

Even sheeple know when they're being CONfidenced.

Wed, 08/10/2011 - 15:15 | 1547661 Sudden Debt
Sudden Debt's picture

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


Wed, 08/10/2011 - 15:49 | 1547804 Bastiat
Bastiat's picture

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

Wed, 08/10/2011 - 16:00 | 1547878 automato
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.


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