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Market Bloodbath, "Happy Birthday Mr. President" Edition

Tyler Durden's picture


The Dow is down more than 500. The S&P is down 60. The VIX surges 35% to 32 the highest since June 2010. Implied correlation surges to the highest since last summer. ES volume surges to the highest since the flash crash. Europe is opening in 12 hours. Margin debt is near record high levels, and mutual funds have record low cash. Liquidations galore. Did we miss anything?

Cross asset Correlation: more or less 1.000




ES Volume

Oh yes. Happy birthday Mr President


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Thu, 08/04/2011 - 16:08 | 1524598 Gert_B_Frobe
Gert_B_Frobe's picture

Guess there wasn't enough sleeping at Holiday Inn Expresses last night.

Thu, 08/04/2011 - 16:23 | 1524636 Fidel Sarcastro
Fidel Sarcastro's picture

LOVE that pic -- "Que the deer"

I wonder if that fu*k stick Cramer was still smugly saying a drop in da mockit is no big deal -- like he said this AM.  Idiot!

Thu, 08/04/2011 - 16:49 | 1524698 Crisismode
Crisismode's picture

Cramer is the market's Court Jester.


Every empire needs a Fool in the throneroom, and JC fits that bill admirably.

Thu, 08/04/2011 - 17:11 | 1524754 Clearly_Irrational
Clearly_Irrational's picture

Cramer is amusing, and if you ignore the stockpicking you can even learn something once in a while, but above all others his best feature is as a market bottom indicator. He is so bullish he preaches buy the dip all the way down, but when he throws in the towel and starts talking like it's the end of the world then you know it's time to buy equities big time because the bottom is in. If you had done that during the last crash you could have ridden a 7000 point gain on the way up.

Thu, 08/04/2011 - 18:02 | 1524878 dark pools of soros
dark pools of soros's picture

without picking stocks that is just a double...  silver did way better

Thu, 08/04/2011 - 18:42 | 1524956 WakeUpPeeeeeople
WakeUpPeeeeeople's picture

All is well- buy the dip

It will go to the moon once the Bernyanker starts printing again

Thu, 08/04/2011 - 20:14 | 1525106 Religion Explained
Religion Explained's picture

How much will the Bernank let the markets drop before he "steps in" ....

Thu, 08/04/2011 - 20:49 | 1525178 ZapBranigan
ZapBranigan's picture

BTFD...tomorrow. QEinfinity on the way.

Thu, 08/04/2011 - 21:19 | 1525217 Spirit Of Truth
Spirit Of Truth's picture

Bernanke: "I didn't know bubbles pop!  That's not in our equations of 'rational expectations'"!!! Hang on there....this is not fair!!!!!!

People dimiss religion, i.e., belief in God and the need to value others as oneself, as false and deluded.  Yet somehow neoclassical economics and the false religion of greed is considered a "science"?

Seriously....what a crock of sh&t....and now we're up a river of it without a paddle.  Popular faith in money and Mammon is about to come to a catastrophic End. You can thank human AUTHORities for failing to heed God...

Thu, 08/04/2011 - 21:46 | 1525315 markmotive
markmotive's picture

This is all just another step in the new peak oil boom-bust cycle.

Thu, 08/04/2011 - 22:00 | 1525356 Fish Gone Bad
Fish Gone Bad's picture

Did we miss anything?

I am thinking, "Nope."

Thu, 08/04/2011 - 23:58 | 1525507 boiltherich
boiltherich's picture

You all can buy TFD with your own money.  I say if ever there was a time to pile all in on PM's (or even toilet paper, coffee, smokes) this is it.  This is what we have been waiting for boys and girls.  Everything, and I do mean everything sold off today except long bonds, and the fact that all action went into them is sign of sheer desperation on the part of those with anything left to move. Even that will prove temporary. 

We all know the Fed and Treasury will do anything at this point to staunch the hemorrhaging, they will out and out plow US dollars into the stock market in spite of the obvious illegality of that move, but euro is toast, everyone knows it, The BOJ went all in today to deflate the yen and it was for nothing, there was a global attack on the falling dollar, the world spent trillions today to keep the dollar strong and they lost.  The yen was particularly poignant, they went from 76 point whatever to almost 80 in a day, and back up to 78.6 as I write.  The euro is not even worth mentioning as few in the financial sphere even see it as actual money anymore.  The powers that be in Europe are still trying to rescue a currency that is not even currency.  Yes, they can weaken the exchange rate by issuing tons of it, but nobody really cares at this point and the 26 eurozone nations are feeling the destruction, except Germany which the euro is designed to make so much richer, 25 other nations suffering to support German mercantilism.  Now the world is calling bullshit on the euro, and they are equally unconvinced of the BOJ action.

Get ready for real inflation/deflation kiddies, like you have never seen.  Every central bank is going to issue so much "money" that they will spam your inbox trying to get you to take more of it.  We are in the collapse we have waited for. 

 (edit) my bad, not all 26 EU member states are in the eurozone, GB for example, I got carried away with the depth of what happened today.  But, it really was a watershed, the ECB had said just last night that the euro would be supported no matter what went on politically, yet by the end of the day they had done nothing because they have no legal ability to anything.  It is so bad that Italy has withdrawn from bond auctions for at least the next month, if the ECB were willing and able to support Italy then Italy would sail through their bond selling just as the US sails through it's auctions thanks to the Fed.  But they cancelled their borrowing saying they had more cash than they thought they did.  Does this alone not raise red flags with all investors?  How can Italy not know how much cash it has, or what access to debt markets it needs?   

Look for tomorrow to be an up to neutral day on equity markets, neutral on bonds, up on commodities, in the EU and US anyway.  The central banks are shitting themselves as I type and they will not allow a total meltdown.  They will simply plow trillions into all markets to make for a neutralish day.  If they do it early look for all indicies to be well higher as the markets will see that central banks will support them no matter what.  This is the first real day of monetization on a grand scale. 

Fri, 08/05/2011 - 00:29 | 1525714 CompassionateFascist
CompassionateFascist's picture

You make some good points....but we're not yet at Ponzi Collapse. QE 3 will puff up US stocks for a few more months, plus flight from Euro into US TBs, tho there will be some "bad" days before it all gets done. Monday, 8/8 should be a fast down elevator...but the cable won't break. Yet. I hope... 

Fri, 08/05/2011 - 02:49 | 1525872 janus
janus's picture

my sentiments...well put, boiltherich.

it's here, riding a pale horse, and, behold, look what trails behind!

picking apples for the kings and queens of things i've never seen,


Sat, 08/06/2011 - 00:25 | 1529595 Cathartes Aura
Cathartes Aura's picture

mmmm, electronic surgical words. . .

Thu, 08/04/2011 - 22:45 | 1525460 Religion Explained
Religion Explained's picture

I see you like my screen name ... but seriously, how much pain will Bernanke permit before he steps in ....

Thu, 08/04/2011 - 21:18 | 1525257 MassDecep
MassDecep's picture

According to NIA "This stock market correction will not turn into a crash like in late-2008/early-2009. Back then we had a liquidity crisis, but with interest rates today near zero and having been there for over two years, the world is now flooded with excess liquidity of U.S. dollars. Stocks became overvalued in recent months with the Dow Jones/Gold ratio reaching a high on May 5th of 8.36 and were overdue for a large correction. If the stock market continues to fall, we will soon hear from the Federal Reserve who will either unleash QE3 in disguise or act to push the $1.6 trillion in excess reserves of banks into the economy. By the end of 2011, we expect gold and silver stocks to decouple from the rest of the market and for many of them to reach new highs."

Gotta hope for the ......

Thu, 08/04/2011 - 21:39 | 1525299 disabledvet
disabledvet's picture

not as good as yours truly of course. which of course is why you come here! having said that his gold call is "most expert" and should be commended. the silver surfer has struck and now "civilizations must die." again: "all eyes on the credit and by extension debt markets." and of course you haven't heard the last from oil.

Thu, 08/04/2011 - 17:18 | 1524775 Jim Cramer
Jim Cramer's picture

A drop in the market is no big deal. It's a g-g-g-great time to buy!

Thu, 08/04/2011 - 17:47 | 1524831 mynhair
mynhair's picture

It's 'Cue', dammit!

Thu, 08/04/2011 - 18:14 | 1524901 Cheesy Bastard
Cheesy Bastard's picture

It's "Shoot".

Thu, 08/04/2011 - 19:36 | 1525028 mr. mirbach
mr. mirbach's picture

Put the Deer in Queue

Fri, 08/05/2011 - 08:00 | 1525044 Taint Boil
Taint Boil's picture



That pic is my all time favorite - so appropriate, fits the situation perfectly.

___            ___

   /   \          /   \

   \_   \        /  __/

    _\   \      /  /__

    \___  \____/   __/

        \_       _/

          | @ @  \_


        _/     /\

       /o)  (o/\ \_

       \_____/ /

From Here

“To look like a deer in the headlights” is an American expression meaning “to look stunned and at a loss for words when asked an unexpected question or made the center of attention” (“When I ask the tellers about Y2K, I get … deer-in-the-headlights stares…,’” Chicago Sun-Times, 1999). The phrase refers to the behavior of deer caught in the beams of car headlights at night, when they frequently simply freeze for several seconds rather than running safely out of the car’s path. Living in rural Ohio, I can attest to the alarming stupidity of deer in such situations. On the other hand, deer can’t hold a candle to possums, who apparently believe they’re immortal and run right at your car.

Thu, 08/04/2011 - 22:00 | 1525355 seek
seek's picture

I think that deer should be ZH's official mascot. I love the pic too, which it was just slightly 'shopped to make the deer more visible. And maybe make the head resemble BB's a little.

Oh, and in mascot symbology... ZH is the headlights.

Thu, 08/04/2011 - 22:38 | 1525448 Liquid Courage
Liquid Courage's picture

OK, apologies to Fidel and, yes, I'm just hitting your post to get close to ThreadTop to cut thru all the "witty" comments and ask two important questions:

1. Did anyone else notice the decline was not so much of a crash ... waterfall-type decline, but more of a "dance" downwards? With apologies to the erstwhile Chuck Prince, this all looked pretty much under control and more like a prelude to QE3 to me. They're still dancing. So ...

2. What the fuck do we do tomorrow?! I've been layering on shorts for months now, and so made some serious dough today ... well, really just recovered a lot of my losses, but I have to feel that once stox have declined sufficiently to pull the Humpty Dollar back from the edge a bit, and enough to justify the (inevitable) QE3, a monstrous equity rally will ensue. So the question is: is there more decline in store, or should shorts be covered ASAP?

I'm inclined to give it a few more days myself and ride out any snap-back rally ... 'til Jackson Hole, perhaps?

Any targets?

Fri, 08/05/2011 - 00:34 | 1525718 CompassionateFascist
CompassionateFascist's picture

QE is a drug...the more Ben uses it, the more he has to use it. QE 3 won't lead to a "monster rally"; it'll just hold the line for a few months, then KYAGB.

Fri, 08/05/2011 - 02:07 | 1525834 Liquid Courage
Liquid Courage's picture

Yeah. Pharmacalogical Tolerance = Economic Diminishing Returns.

I'll prolly just ride it out ... been doing that for months anyway and the commissions just feed the sharks.

Looking at the Asian mkts this morning seems like Da Boyz will really have their work cut out for them today, but the Dow futs are only minus 10! Whatta crock! We'll see.

Thanks for the feedback.

Thu, 08/04/2011 - 16:27 | 1524646 TapperIsTicked
TapperIsTicked's picture

That Doe is going to see a lot of action over the coming months. Transplant her to DC where she can frolic with a multitude of whores.

Thu, 08/04/2011 - 17:20 | 1524781 Arthor Bearing
Arthor Bearing's picture

Stocks are down, PMs are down, USD and EUR are down, oil is down.... where did the money go? Is this debt deflation? Get your QE ready folks.... I'll leave the speculation about how this all came to pass to the more imaginative theoretical commenters ;)

Thu, 08/04/2011 - 20:14 | 1525108 New_Meat
New_Meat's picture


"... where did the money go? ..."

negatory yield on USTz--3 mo. and others piling on.

Fri, 08/05/2011 - 00:08 | 1525665 ceilidh_trail
ceilidh_trail's picture

The money went to money heaven...

Thu, 08/04/2011 - 22:16 | 1525389 Prometheus418
Prometheus418's picture

USDX is not down- it's up fairly sharply for the day.  That's not to say that it's situation has improved, just that people pulled out and converted to USD for now.  Getting liquid as a safety net until they decide where to put it- my vote is for Au and Ag to take off, but you never know what this idiotic situation is going to do next.

Thu, 08/04/2011 - 19:58 | 1525058 Bill D. Cat
Bill D. Cat's picture

It's the chicken that's gonna get it .

Thu, 08/04/2011 - 21:52 | 1525331 Nefarious Deeds
Nefarious Deeds's picture

Tapper, pardon the junk.  Not intentional and my sincere apologies.  Was trying out the new format and....  Feel fee to junk back.  

Fri, 08/05/2011 - 10:13 | 1526653 TapperIsTicked
TapperIsTicked's picture

No need. Everywhere I look all I see is junk. Maybe I'd be happier if I just concentrated on tugging on my own junk.

But one gets so tired digging holes and filling them with physical that one just doesn't have the energy at the end of the day.

Hell of a gooberment, blind on a ride.

Thu, 08/04/2011 - 16:37 | 1524676 Ying-Yang
Ying-Yang's picture

Thanks, Mr. President

For all the things you’ve done

The battles that you’ve won

The way you deal with U.S. Steel

And our problems by the ton

We thank you so much

----M. Monroe

Thu, 08/04/2011 - 21:03 | 1525209 Ruffcut
Ruffcut's picture

What the fuck has happened. I was camping for many days, enjoying myself, and I left all you ZH traders to hold down the the fort.

Everytime I check I find the story is worse than the last. My mother inlaw came on one trip and says," where else you gonna live", complaining about my negative attitude.

Well, guess what? We reap what we sow, and dog turds would be the better part of it.

My personal dog turd collection is growing and is getting ripe.

Thu, 08/04/2011 - 16:11 | 1524600 g
g's picture

The greatest birthday present for our incompetent, teleprompter in chief, big vote of no confidence, for well, just about everything.

Thu, 08/04/2011 - 16:20 | 1524628 Ex Poker Stars
Ex Poker Stars's picture

Hpy BD Big O




Thu, 08/04/2011 - 19:20 | 1525019 kaa1016
kaa1016's picture

I guess Obama's responsible for the European banking crisis too and the implosion of the housing bubble in 2007. Stop it already... 

Thu, 08/04/2011 - 20:21 | 1525121 Religion Explained
Religion Explained's picture

... let's see ... what's one of the tenents of social juice to which Doebama subscribes to? Oh yeah, everyone has a right to a house!!!!

There's your f housing bubble, stimpy.


And European crisis you say? .. well it stems from nany states going broke, and again where does Doebama and his progressive kin stand on that? Ohhh yeah, again free hip replacements for everyone!!!

There's your f European banking crisis (cuz they hold all the nanny states debt, duh), stimpy you blithering eeeeeeeeeeediot.

Thu, 08/04/2011 - 20:23 | 1525124 mfoste1
mfoste1's picture

why dont you go suck some kenyan cock fag?


ur probably one of those people i laugh at who driv around with a obama 2012 sticker in their window

Thu, 08/04/2011 - 22:09 | 1525370 PPagan
PPagan's picture

I tell you, I really admire the carefully argued and reasoned opinions of some of the commentators here--not to mention their spelling.

Thu, 08/04/2011 - 23:15 | 1525423 hedgeless_horseman
hedgeless_horseman's picture

So many new names here tonight.  Either it is the network news coverage or a .gov ploy.  Either way, beware of the pro banker bullshit!


Behold! To be honest and direct is not safe.

Thu, 08/04/2011 - 22:30 | 1525430 mfoste1
mfoste1's picture

fuck you too

Fri, 08/05/2011 - 00:42 | 1525729 CompassionateFascist
CompassionateFascist's picture

Well, this is Fight Club...itz hard to spell when your nose is broke and your teeth being knocked out. Read the book...Soon to be a Major Motion Picture.

Thu, 08/04/2011 - 20:38 | 1525154 tsx500
tsx500's picture

Hey kaa , simple question for ya ... name something positive Oblahma has done for this country (something that will not also worsen our fiscal condition at the same time).

Thu, 08/04/2011 - 19:20 | 1525022 kaa1016
kaa1016's picture

I guess Obama's responsible for the European banking crisis too and the implosion of the housing bubble in 2007. Stop it already... 

Thu, 08/04/2011 - 21:17 | 1525251 g
g's picture

kaa = idiot

no explanation necessary, i am tired of reiterating the obvious

Thu, 08/04/2011 - 19:22 | 1525023 BetterOffDead
BetterOffDead's picture

I can see Barry sitting in that big chair with his birthday hat on sideways just staring agape at his bbg monitor (OK, Google Finance) and saying, "Bbbbut, bbut, but, we didn't default!? I don't get it!?"

Thu, 08/04/2011 - 19:47 | 1525035 mayhem_korner
mayhem_korner's picture

Some footage of Barry-O as a kid.  His incompetence was evident from the start...


Thu, 08/04/2011 - 20:57 | 1525193 NumNutt
NumNutt's picture

And the bloodbath continues, $N225 10,435.00-150.46 -1.42%

Thu, 08/04/2011 - 22:29 | 1525424 MarkTwain00
MarkTwain00's picture


Thu, 08/04/2011 - 16:09 | 1524602 KrugmansChauffeur
KrugmansChauffeur's picture

Not much news left in the employment report tomorrow I guess.  They must have really shit the bed.

Thu, 08/04/2011 - 16:12 | 1524603 pesamystik
pesamystik's picture

Massacre, fucking massacre. If QEIII isn't announced, we have a total fucking collapse on the horizon.

Thu, 08/04/2011 - 16:15 | 1524620 hedgeless_horseman
hedgeless_horseman's picture



If QEIII isn't announced, we have a total fucking collapse on the horizon.

Blackmail, plain and simple.  All the best moves are old moves.

Thu, 08/04/2011 - 16:56 | 1524714 Sledge
Sledge's picture

If QEIII isn't announced, we have a total fucking collapse on the horizon.


and if it IS we will have a an even BIGGER FUCKING COLLAPSE 3 miles past the "horizon"

Thu, 08/04/2011 - 20:03 | 1525065 walküre
walküre's picture

QE4, 5,6,7 etc.

Eventually the legal minimum wage earner will be a millionaire and can afford to pay the thousands of student, car loan and mortgage debt from eons ago.



Thu, 08/04/2011 - 21:40 | 1525308 disabledvet
disabledvet's picture

and as such would probably spook the market even more. why buy treasuries when that's all that's being bought? at least you can finally put to rest the theory that it's been the Fed pumping the equity markets all along and all the rest of (Brian)"Sack of Shit" stuff.

Thu, 08/04/2011 - 23:28 | 1525554 hedgeless_horseman
hedgeless_horseman's picture

...when that is all that's being bought?

Repeat a lie enough times and it becomes the truth? A singer named Guthrie had a solution to your fascism.

Thu, 08/04/2011 - 16:23 | 1524632 tip e. canoe
tip e. canoe's picture

an unimpassioned observer might argue that S&P 999 is actually a perfect number to even start the conversation of more monetary stimulus.  exactly 50% up from the 666 low, and roughly 33% off the high.   a nice stalemate, plus the Masons will love it.

see you there?

Thu, 08/04/2011 - 16:25 | 1524641 kridkrid
kridkrid's picture

There is a total fucking collapse on the horizon, with or without QEIII.  QEIII, like QEII and QEI might delay the inevitable, but they also make the inevitable that much worse.

Thu, 08/04/2011 - 19:01 | 1524981 nmewn
nmewn's picture

"If QEIII isn't announced, we have a total fucking collapse on the horizon."

A collapse of what?...the fiber optic tubes between the bots that prop this farce up?

Oh yeah, Happy Birthday Barry ;-)

Thu, 08/04/2011 - 21:41 | 1525305 Id fight Gandhi
Id fight Gandhi's picture

They better start printing bils larger than $100. I vote for obozo to be on the $1,000,000 bill.

Go long wheel barrows. Everyone will be a millionaire!

Thu, 08/04/2011 - 16:09 | 1524604 BlackSea
BlackSea's picture

The only thing you missed are headlights illuminating the deer in the picture. Otherwise, perfect 10.

Thu, 08/04/2011 - 16:12 | 1524606 Tortfeasor
Thu, 08/04/2011 - 16:42 | 1524687 slewie the pi-rat
slewie the pi-rat's picture

?Marilyn Monroe Happy Birthday Mr President?‏ - YouTube

and, since we love and respect our prez0 so much, let's give him a 2-fer!

?Woody Guthrie~ All You Fascists Bound To Lose?‏ - YouTube


Thu, 08/04/2011 - 17:19 | 1524789 zorba THE GREEK
zorba THE GREEK's picture

Whoopi Goldberg should sing happy birthday to Obama real sexy like Marilyn.

Obama not fit to shine JFK's shoes.

Thu, 08/04/2011 - 17:33 | 1524815 slewie the pi-rat
slewie the pi-rat's picture

hahaha!  many MANY years ago, i had this thought:  could whoopi be a man? 

i'm still not sure!

Thu, 08/04/2011 - 20:01 | 1525060 knukles
knukles's picture

Is Lady GaGa a guy?
Is Justin Beiber gay?

Thu, 08/04/2011 - 20:45 | 1525166 Nom de Guerre
Nom de Guerre's picture

That Justin Bieber chick.  She looks kind of like a boy.

Thu, 08/04/2011 - 21:57 | 1525341 Silver Dreamer
Silver Dreamer's picture

The two of them would make a great couple.  They should get married and GO AWAY.

Thu, 08/04/2011 - 20:19 | 1525116 New_Meat
New_Meat's picture

3.14: eeewwww

Fri, 08/05/2011 - 00:44 | 1525738 CompassionateFascist
CompassionateFascist's picture

It sure as hell ain't a Goldberg.

Thu, 08/04/2011 - 17:36 | 1524819 TwelfthVulture
TwelfthVulture's picture

Maybe a duet with that fat assed Oprah bitch.

Thu, 08/04/2011 - 19:20 | 1525013 Careless Whisper
Careless Whisper's picture

@ Slewie


let's go fer the 3 fer.   or is this in bad taste?


Thu, 08/04/2011 - 20:27 | 1525128 janus
janus's picture

i think i can speak for slewie (we go way six weeks or so).  Anyway, it's close; but since it's clever it'll have to do.

Best regards,


Thu, 08/04/2011 - 21:55 | 1525346 gall batter
gall batter's picture

i won't speak for slewie.  i only speak for gall batter:  it tastes bad.  real bad.  tastes like prejudice.  tastes irrelevant.   

Fri, 08/05/2011 - 00:46 | 1525739 janus
janus's picture

it is and it isn't...which makes it salty



Thu, 08/04/2011 - 21:12 | 1524992 Crumbles
Crumbles's picture

THANKS very much for the link.

Thu, 08/04/2011 - 16:12 | 1524607 Sophist Economicus
Sophist Economicus's picture

I think he would have settled for a pea-flavored cake instead

Thu, 08/04/2011 - 18:16 | 1524905 Cheesy Bastard
Cheesy Bastard's picture

He got a pee-flavored one.

Thu, 08/04/2011 - 16:10 | 1524609 Dangertime
Dangertime's picture

Buy gold.  Sleep soundly.

Thu, 08/04/2011 - 17:23 | 1524797 zorba THE GREEK
zorba THE GREEK's picture

I have bought gold since 2000 and no stocks.

I have slept like baby every night for 11 years, even during pull back in 2008 & 2009 because that was bulls**t pullback like today.

Thu, 08/04/2011 - 18:48 | 1524957 WakeUpPeeeeeople
WakeUpPeeeeeople's picture

Buy ammo

Before its over with, it may be worth 10x its weight in gold

Thu, 08/04/2011 - 20:42 | 1525162 Manthong
Manthong's picture

Why does the stuff I need seem to get heavier each year that goes by?

Ag, Au, Pb, Mrs, etc..

Thu, 08/04/2011 - 22:17 | 1525398 Shrimp Head
Shrimp Head's picture

"Mrs." Post of the night.

Fri, 08/05/2011 - 01:41 | 1525804 TheBadgersSett
TheBadgersSett's picture

true story.

Thu, 08/04/2011 - 21:43 | 1525311 disabledvet
disabledvet's picture

and shoot it.

Fri, 08/05/2011 - 00:51 | 1525747 CompassionateFascist
CompassionateFascist's picture

Silver bullets...kill Tribal vampires.

Thu, 08/04/2011 - 16:13 | 1524610 koaj
koaj's picture


and to think i refinanced my mortgage 2 days ago and thought i came close to picking a bottom



Thu, 08/04/2011 - 17:49 | 1524836 Sunshine n Lollipops
Sunshine n Lollipops's picture

I'll take a stab. Fuck My Luck?

Thu, 08/04/2011 - 17:58 | 1524866 Nothingman
Nothingman's picture

F My Life... google it, you'll be laughing your ass off in no time!

Thu, 08/04/2011 - 16:14 | 1524612 Marge N. Callz
Marge N. Callz's picture

Zerohedge just got a massive hard on.  I love it!

Thu, 08/04/2011 - 16:33 | 1524666 franzpick
franzpick's picture

Natural reaction to seeing wide-ons developing everywhere.

Thu, 08/04/2011 - 17:16 | 1524766 janus
janus's picture

no message...just showing off

Thu, 08/04/2011 - 18:21 | 1524917 Cheesy Bastard
Cheesy Bastard's picture

Zerohedge just got a massive hard on

Now that is personal growth!

Thu, 08/04/2011 - 16:15 | 1524615 Variance Doc
Variance Doc's picture

No one could have seen this coming.  No one.

Thu, 08/04/2011 - 17:24 | 1524795 iNull
iNull's picture

Very funny. You should put HTML sarcasm tags around that comment cause some might not get it.

I've been saying for weeks here on ZH that this was coming, along with many others. it was all too obvious. Only unlike some of the ultra-neo nazis that have come to call ZH home, I did not blame it on "the jewish bankers" or the NWO. I based it purely on technicals, i.e., charts, and nothing else. I must have said it at least half a dozen times. I finally shut up because I felt I was either precahing to the choir, or to people with their heads up their ass.

Thu, 08/04/2011 - 19:07 | 1524993 RichardP
RichardP's picture

Are there not people behind every chart?  Without the behavior of people, your charts would show nothing.  You are interested in the charts.  Others are interested in the behavior that makes the charts move.

Thu, 08/04/2011 - 20:02 | 1525070 knukles
knukles's picture

Not get what?

Thu, 08/04/2011 - 20:10 | 1525090 Sancho Ponzi
Sancho Ponzi's picture


Thu, 08/04/2011 - 22:35 | 1525442 nmewn
nmewn's picture

After all that, he wasn't ready for a question? ;-)

Fri, 08/05/2011 - 01:30 | 1525789 RichardP
RichardP's picture

knuckles - was that question directed to me?  If yes, iNull said s/he bases things on technicals, not on people.  I was responding that it is people's behaviors that lead to the stuff reflected in the technicals.  If iNull was trying to say that technicals are more important than people, I was pointing out that technicals are a reflection of what people have done.  Predict the people and you can predict the technicals.  But only if you want to.

If your question wasn't directed to me, then nevermind.

Thu, 08/04/2011 - 17:47 | 1524840 DosZap
DosZap's picture

Variance Doc @ 16:15,

Uh...........I think Mr.TD did..........................and we read his opinion on how QE3 would come in, here tis..........Enjoy!.

Thu, 08/04/2011 - 17:51 | 1524848 DosZap
DosZap's picture

VD @ 16:15,

Uh...........I thnk Mr.TD Did..................we were reading about his Opinion on it a few days/weeks or so back.

Thu, 08/04/2011 - 19:50 | 1525045 MobBarley
MobBarley's picture

I could swear I invented that meme.

But who could see that coming?


No one! No one! Heh


Thu, 08/04/2011 - 16:15 | 1524617 Greater Fool
Greater Fool's picture

You left out zero / negative yields on 1W / 1M Treasuries. Also, despite the fact that it is a bank, BONY-Mellon will begin charging clients who park **too much** cash with them.

Welcome to the New Abnormal.

Thu, 08/04/2011 - 16:14 | 1524622 Tyler Durden
Tyler Durden's picture

We touched on both of those earlier

Thu, 08/04/2011 - 16:46 | 1524691 IQ 145
IQ 145's picture

I think it's very interesting that the long bond contract offered an early warning for this crash; money was already flowing into the Bond, traditional refuge of "big, serious" money, before things got serious. This was not the case in the 1987 "Black Monday" crash. Quite a few heavy hitters knew this was coming.

Thu, 08/04/2011 - 18:30 | 1524929 Mr. Foot The Bill
Mr. Foot The Bill's picture

Anxious to hear thoughts on why the CBOE Skew Index gave really no movement through the debt deal fiasco and leading up to today's massive selloff.    

Thu, 08/04/2011 - 18:30 | 1524932 rosiescenario
rosiescenario's picture

...probably got a preview of the labor report....

Thu, 08/04/2011 - 20:25 | 1525125 New_Meat
New_Meat's picture

IQ145: please post those "Very Interesting" observations as they come up.  Post as "possible signals" vs. "predictions".

Heads-up to all of us very useful as we walk through this minefield.

I shook hands with a young guy who hopped from anti-tank mine to anti-tank mine one night (where his weight wouldn't set anything off) vs. walking through the whole minefield. amazing).


- Ned

Fri, 08/05/2011 - 01:47 | 1525814 TheBadgersSett
TheBadgersSett's picture

they even gave us a bearish pin bar on wednesdays zb_f rth daily candle, the wiley fuckers.

Thu, 08/04/2011 - 17:45 | 1524829 janus
janus's picture

mr durden,

just got a return call on the foodstamp thing...funny thing is, they were as shocked as anyone -- didn't believe me at first.  it seems to be a case of something called 'double counting'.  people already on are getting emergency boosts and then there's the massive, while it's not truly anomolous, it's, as they say round here (ZHere), transitory...fer now.

there's mosquitos on the river/

fish are risin up like birds/

it's been hot for seven weeks now/

too hot to even speak now/

did you hear what i just heard?/

there's a band out on the highway/

they're high-steppin into town/

no one's noticed but the band's all packed and gone/

was it ever here at all?/

but they kept on dancin

(blues for allah),


Thu, 08/04/2011 - 22:58 | 1525502 Liquid Courage
Liquid Courage's picture

"We're still dancing" ~Chuckie Prince

Oh how she moved to the music

Feelin' the rhythm 'til I felt the liquid

Rising from the hard wood up thru my shoes

Then she sank her fangs in my neck and

I melted in a fluid ooze.

Thu, 08/04/2011 - 16:28 | 1524657 Djirk
Djirk's picture

yeah refjuckindiculous, talked about a skewed outcome to this mess. Savers, you now are additionally penalized, we thought that low return and declined purchasing power was not bad enough for your selfish actions. You now must pay us for the honor of "managing" your money.

This is going to end very badly.

Thu, 08/04/2011 - 21:47 | 1525319 disabledvet
disabledvet's picture

actually the short rates suddenly spiking preceded this sell off--as they always do. so much for the "we're the government and we have free money" theory. AGAIN. Prepare to see more of that...actually. And of course the dollar soared against the yen--and could very easily surge against the euro in here. THAT actually does sound deflationary. Which of course is what Ben Bernanke was trying to create all along...right? Or is just "bankruptionary"?

Thu, 08/04/2011 - 16:15 | 1524618 Doyle Hargraves
Doyle Hargraves's picture

A preview of what is to almost over-SHTF-Mad Max Bitchez! Thanks debt brotha and CONgress. Special thanks to the helicopter pilot and his copilot Timmay the tax cheat as well!

Thu, 08/04/2011 - 16:17 | 1524624 President Starkey
President Starkey's picture

Things are getting better, better all the time.

Thu, 08/04/2011 - 18:47 | 1524959 N_Jones
Thu, 08/04/2011 - 16:18 | 1524625 Arkadaba
Arkadaba's picture

Finally the markets are acting rationally!

Thu, 08/04/2011 - 16:42 | 1524688 Mike2756
Mike2756's picture

Rational exuberance?

Thu, 08/04/2011 - 16:48 | 1524696 IQ 145
IQ 145's picture

LOL! have to agree with that.

Thu, 08/04/2011 - 16:19 | 1524627 pazmaker
pazmaker's picture

I remember the predictions by many here on ZH.....saying all of this had to occur in order to make QE III  palatable to everyone.  So now we have the crash and on to QE III. 

Only this time it's different.

Thu, 08/04/2011 - 16:19 | 1524629 pods
pods's picture

So now people are going to be chased into bonds, which the treasury just so happens has to sell a metric ass-ton of.  The proceeds will be used to again to buy equities on the cheap then pump the market to get sheep back into the market.  

Sheep shearing.


Thu, 08/04/2011 - 17:23 | 1524784 caerus
caerus's picture

so you say you're insolvent, eh? quick...write me some IOUs!

Thu, 08/04/2011 - 19:01 | 1524986 Row Well Number 41
Row Well Number 41's picture

"If god did not want them sheared, he would not have made them sheep." - Calvera (Magnificent seven)


Thu, 08/04/2011 - 21:51 | 1525328 disabledvet
disabledvet's picture

nice try but it doesn't work that way. the fact of the matter is bonds SELLING OFF are a buy signal for equities (upward sloping yield curve.) now you're being "flattened." PERFECT for gold and silver. Oil COULD hiccup...IF the dollar suddenly finds a testicle in here. Who knows? Even i've gotten lucky from time to time.

Thu, 08/04/2011 - 16:20 | 1524631 HUGE_Gamma
HUGE_Gamma's picture

i love it when the Wall St. long-only types take it up the ass

Thu, 08/04/2011 - 16:21 | 1524634 Cult of Criminality
Cult of Criminality's picture

 Did we miss anything?

640 trillion in WMFD Derivatives ?

Thu, 08/04/2011 - 16:22 | 1524635 Hugh G Rection
Hugh G Rection's picture

1383 to go, crash to 10k by next Wed, Initiate QE3 to stem economic armageddon, kick the ponzi down the road. Continue anal raping of the sheeple.


Silver's on Sale!

Thu, 08/04/2011 - 16:27 | 1524654 grey7beard
grey7beard's picture

>> Silver's on Sale!

savy shoppers wait for the final markdown. oye.

Thu, 08/04/2011 - 16:20 | 1524638 bigwavedave
bigwavedave's picture

You missed...... Silver down 7%

Thu, 08/04/2011 - 16:30 | 1524656 HungrySeagull
HungrySeagull's picture

Only those who were too slow on thier feet and too obese to stop eating at highs.

Your 7% only created a back up the truck oppertunity for me.

Thu, 08/04/2011 - 16:21 | 1524639 DeadFinks
DeadFinks's picture

Tough gig these days, that (wannabe) leader of the NWO shit.

Thu, 08/04/2011 - 16:24 | 1524640 itsallajoke
itsallajoke's picture

I'm hearing rumors of a "black friday". 

Especially if the jobs # is higher. 

should be interesting...

Thu, 08/04/2011 - 16:35 | 1524674 bigwavedave
bigwavedave's picture

is someone going to say "Black Birthday"? 

Thu, 08/04/2011 - 16:42 | 1524685 toady
toady's picture


Might even be an opportunity to work in the 'N' word!

Thu, 08/04/2011 - 17:12 | 1524764 cossack55
cossack55's picture


Thu, 08/04/2011 - 17:25 | 1524796 mynhair
mynhair's picture

'Nappy-headed Nitwit'

Thu, 08/04/2011 - 20:07 | 1525081 knukles
knukles's picture


Thu, 08/04/2011 - 20:43 | 1525169 dogbreath
dogbreath's picture


Thu, 08/04/2011 - 22:54 | 1525478 Nikao7
Thu, 08/04/2011 - 17:24 | 1524799 toady
toady's picture

Thats the one.

Good job!

Thu, 08/04/2011 - 17:41 | 1524826 TwelfthVulture
TwelfthVulture's picture

Another 4 years of this ass-clown and the word "nigger" will once again become acceptable in polite white middle class dining rooms.

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