• Sprott Money
    05/05/2016 - 06:02
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Here We Go: US Futures Plunge As Milan, Dax Down 5%, Italian Fins Halted, EURUSD Sub 1.41

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Mon, 09/05/2011 - 09:55 | 1634144 dwdollar
dwdollar's picture

This is what happens when Benny is taking out of the equation for just ONE day.

Mon, 09/05/2011 - 09:57 | 1634156 MillionDollarBonus_
MillionDollarBonus_'s picture

I was feeling quite depressed about my equity portfolio this morning, when it dawned on me that there is a major problem with our economic system. Why is it that interest rates remain exceptionally low, yet stock prices are plummeting? The answer is simple. The prices of debt instruments are heavily influenced by educated professionals at our Federal Reserve, whereas stock prices are largely determined by the market. This clearly demonstrates that experts and intellectuals are much more competent at setting prices than the general population. The solution is therefore beautifully simple: set up a central body for setting all equity prices. If it so happens that a stock is influenced by an underlying consumer good, then we should set up a body for pricing that good too. The experts that price these goods will be learned professors and intellectuals who are specialists in the relevant field.

Mon, 09/05/2011 - 10:00 | 1634180 cowdiddly
cowdiddly's picture

You Have an equity portfolio? Man, you are brave. Thats so 1999 retro its cool.

Mon, 09/05/2011 - 10:29 | 1634315 spiral_eyes
spiral_eyes's picture

I have an equity porfolio...

Junior miners, bitchez.

Very overweight. 

Mon, 09/05/2011 - 10:42 | 1634341 cowdiddly
cowdiddly's picture

Yea, I tried that back in 1980-82. drill results, infered resources, Reminds me of the Mark Twain quote. Good luck to you. 1 out of 10 hits the Jackpot and can make up for the other 9. Fun stuff though. 

Mon, 09/05/2011 - 10:58 | 1634445 Ancona
Ancona's picture

My equity fund is called Ancona's paid off house and cars fund. It can never be tapped, but I pay no fees other than the local extortion levy each year. You couldn't pay me to be in paper of any kind right now; too much panic and fear on the streets. I have a bad feeling about tomorrow's open. Very bad.

Mon, 09/05/2011 - 11:05 | 1634472 cowdiddly
cowdiddly's picture

I call mine Cowboy's, First Ass National.

Mon, 09/05/2011 - 13:05 | 1634868 DeeDeeTwo
DeeDeeTwo's picture

Crisis = opportunity... but ONLY for those with balls, baby. This place is full of people hiding in their basements, financially speaking.

Mon, 09/05/2011 - 10:39 | 1634367 banksterhater
banksterhater's picture

It's all correlated, you'll lose your ass too.

Mon, 09/05/2011 - 10:55 | 1634426 Oh regional Indian
Oh regional Indian's picture

Everyone will lose their asses for a while. Then a few metallic asses will begin to shine again. But that too shall be brief. I think we're going to see a bath full of blood (sadly no ukelele floating in it) tomorrow, come Asia open.

No pleasure in seeing this forecast come good. none at all, for anyone here I hope. It's an unfolding tragedy of rather historic proportions.
And of course it si unfolding exactly as per plan

V

http://aadivaahan.wordpress.com/2011/09/02/first-print-and-some-amazing-...

Mon, 09/05/2011 - 11:40 | 1634578 Strike Back
Strike Back's picture

Miners look like they've been decoupling from the general market since the beginning of August. 

Mon, 09/05/2011 - 10:32 | 1634330 topcallingtroll
topcallingtroll's picture

Cmon guys it's satire.

We have a new Hamy, or maybe the old one has returned.

Mon, 09/05/2011 - 10:00 | 1634184 DefiantSurf
DefiantSurf's picture

you must be from Princeton?

 

Mon, 09/05/2011 - 10:02 | 1634196 BurningFuld
BurningFuld's picture

Kinda like your morning horoscope.

Mon, 09/05/2011 - 10:04 | 1634204 Hedgetard55
Hedgetard55's picture

Million,

 

     That would work pretty well, but why not go the whole enchilada and just nationalize all companies - no need for stocks, or prices! The smart dudes and dudettes from the Ivy League could run things.

Mon, 09/05/2011 - 10:10 | 1634242 cowdiddly
cowdiddly's picture

That be the problem, Ivy League PHDs are running it now. You know, by and hold, diversification,technical charts,mutual funds, efficient markets and all the other theories they have brainwashed the sheep into believing while they backdate the options, dilute the stock, issue bonuses and run HTF and naked shorting scams. Oh but you get a .12 cent dividend LOL

Mon, 09/05/2011 - 10:13 | 1634255 Red Herring
Red Herring's picture

Been there, done that, escaped.

 

Without the stocks or prices, the alpha males in charge of the companies have nothing to measure their manhood by.  The need for competition eventually evolves into competition between two production lines - left shoes vs. right shoes. Pointless exercise.

 

And Ivy League is best left to what it does best - corrupt the minds of the next generation of Ivy League graduates...

Mon, 09/05/2011 - 10:07 | 1634225 Coldcall
Coldcall's picture

nothing wrong with an equity portfolio but it should be overweight large gold miners. My stock portfolio contains 25% gold miners and has outperformed the market since late July.

Sorry but crazy not to anchor your stocks with some sort of major hedge.

Mon, 09/05/2011 - 10:47 | 1634399 Kiss My Iceland...
Kiss My Icelandic Ass's picture

"nothing wrong with an equity portfolio but it should be overweight large gold miners."

 

Hmmm. Is there an ETF for big obese gold miners ?

Mon, 09/05/2011 - 11:05 | 1634477 HyperLazy
HyperLazy's picture

NUGT and GDX, GDXJ for Juniors. But FSG is an interesting vehicle.

Mon, 09/05/2011 - 10:17 | 1634272 Motley Fool
Motley Fool's picture

Bravo. This level of trolling deserves some respect. :D

Mon, 09/05/2011 - 10:29 | 1634317 topcallingtroll
topcallingtroll's picture

Hahaha!

It is Hamy!

I just know it. Funny man!

Mon, 09/05/2011 - 10:32 | 1634329 glenlloyd
glenlloyd's picture

Ideas like this should be relegated to the dustbin of history.

This has already been tried and failed miserably...every time.

You're not too bright...are you?

Mon, 09/05/2011 - 10:42 | 1634373 MillionDollarBonus_
MillionDollarBonus_'s picture

I just gave you an example of it working fantastically well. Interest rates have remained low throughout the past 5 years despite all the economic challenges we have faced. This is a remarkable achievement, and should be admired as such. This can only be the work of true genius, and could never be achieved by market participants of mediocre intelligence.

Mon, 09/05/2011 - 10:51 | 1634413 IronShield
IronShield's picture

Oh, I see, something for nothing? Hmmm...

Mon, 09/05/2011 - 11:46 | 1634599 jerry_theking_lawler
jerry_theking_lawler's picture

Yes...a new way to wealth creation...out of thin air... hahahah!

Mon, 09/05/2011 - 12:04 | 1634676 theinebriatedsot
theinebriatedsot's picture

you sir, are dangerous, and need to be taken out back and shot.......

Mon, 09/05/2011 - 12:19 | 1634691 DosZap
DosZap's picture

<theinebriatedsot >@ 12:04,

TO whom are your speaking of?.

After second thought, whoever your speaking about does not deserve that rash, and kind of judgement.

Esp from a keyboard commando.

Mon, 09/05/2011 - 10:36 | 1634354 Thomas
Thomas's picture

You are the Samaurai of Sarcasm. 

Mon, 09/05/2011 - 11:51 | 1634614 Spitzer
Spitzer's picture

Robotrader is too in a more suttle way.

Mon, 09/05/2011 - 14:24 | 1635186 Thomas
Thomas's picture

Maybe he is like Calvin Bear, who's genius required years to shine through.

Mon, 09/05/2011 - 10:39 | 1634364 Landrew
Landrew's picture

Wow, with the S&P futures down 62 I hope your equity port is short! I am holding the Oct. 7$ puts:) that is the sum of my equity exposure. All cash and short here. S&P is at 1999 levels.

Mon, 09/05/2011 - 10:48 | 1634405 RSloane
RSloane's picture

I can only add holy effin shit.

Mon, 09/05/2011 - 10:51 | 1634415 duckhook
duckhook's picture

The answer is very simple.Bond prices are predicting at least a bad recession or a depression  for a protracted period of time.In that atmosphere earnings ,which are at their highest in history,will plunge.So your E in P/E is going to decrease dramatically.And your point about the Fed influencing interest rates is not correct.This is  Just governmnet controlled interest rates ,which will eventaully backfire massively.Get out of all stocks.Buy when the Dow hits 5000

Mon, 09/05/2011 - 11:53 | 1634628 Spitzer
Spitzer's picture

That is bullshit. The lower stocks go in the US, the more money the tresereve has to print to makeup for the shortfall in tax revenue to service the debt. That is bond negative.

Mon, 09/05/2011 - 10:57 | 1634436 Bicycle Repairman
Bicycle Repairman's picture

MDS, you see it all with such clarity.  I'll dust off my econometrics textbook and head to Washington.  I'm going to change the world, dammit!!

Mon, 09/05/2011 - 11:48 | 1634604 Spitzer
Spitzer's picture

 Asset bubbles 101.

Perception is not was ends asset bubbles. Perception only changes after prices start falling. Everyone (except Austrians) thought house prices would never fall in the US until they fell. People in Canada and Australia still think house prices will never fall even though their valuations are worse then the US was.

 

 

 

Mon, 09/05/2011 - 09:57 | 1634161 spiral_eyes
spiral_eyes's picture

the west destroyed its productive base and moved to the massage-the-figures-with-benny model. 

chickens coming home to roost, bitchez

http://azizonomics.com/2011/09/03/the-shape-of-global-parasitism/ 

Mon, 09/05/2011 - 10:02 | 1634182 DormRoom
DormRoom's picture

Or, this is what happens when the Fed uses the shadow banking apparatus (hedge funds) to pump liquidity into equity markets, using leverage from TARPed banks, with access to the Fed discount window.  It was a blunt move.

 

Now the shadow banking apparatus is deleveraging, collapsing  global equity markets.

 

Das Kapital, bitchez.

Mon, 09/05/2011 - 12:48 | 1634818 johnnynaps
johnnynaps's picture

Ah, a day of Reality! Don't fret, Benny will be hard at work tomorrow and rainbows will lighten the sky as skittles fall from the heavens into rich bankers' pockets.

Mon, 09/05/2011 - 09:56 | 1634152 Mineshaft
Mineshaft's picture

Green Shoots!

Mon, 09/05/2011 - 09:57 | 1634160 Don Birnam
Don Birnam's picture

Marone !

Mon, 09/05/2011 - 12:11 | 1634693 Bam_Man
Bam_Man's picture

It is actually spelled "Madonna!".

Yep, same as the pop singer, but pronounced the way you wrote it.

Mon, 09/05/2011 - 09:58 | 1634167 oogs66
oogs66's picture

they monetized and couldn't hold yields down...the market has spoken and once again govt intervention in markets has a half life of less than a month!

Mon, 09/05/2011 - 10:29 | 1634321 11b40
11b40's picture

Yep.  The only boards green today are the ones showing interest rates in the PIIGS.  Up, up, and away!

Mon, 09/05/2011 - 09:58 | 1634168 bania
bania's picture

Bullish dip

Mon, 09/05/2011 - 10:08 | 1634230 infinity8
infinity8's picture

perfect with rocky mountain oysters. grab a good red and i'll bring the whiskey.

Mon, 09/05/2011 - 09:58 | 1634169 BurningFuld
BurningFuld's picture

You will all have to excuse gold if it goes down a bit this week, but people are going to be needing the cash me thinks.  It's about to get UGLY!

Mon, 09/05/2011 - 10:03 | 1634197 LoneStarHog
LoneStarHog's picture

Who really cares where PAPER gold/silver go ... Holding PHYSICAL in large quantities adds a sense of calm while entering The Perfect Storm ... I hope America survives and enters a New Golden Age on the other side.

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