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MarketWatch Goes Full Propaganda Retard
Earlier we noted that the record lottery jackpot is nothing but a gimmick to get "the poor" to part with what little wealth they have. As it turns out, we should have also added "the stupid", something which MarketWatch has, however, figured out, and in a blatant attempt to ride on the Mega Millions histeria, and to get the the full blown stock market ponzi up and running, the WSJ sister publication is now petitioning everyone to please understand that playing the lottery and participating in a broken, fraudulent and corrupt stock market, are both one and the same: "You have to play to win." We must thank MarketWatch for implicitly pointing out that winning in the centrally planned stock ponzi scheme, in which every trade is frontrun by either a major bank or a millisecond algo, has the same 1 in 100,000,000+ odds as winning the lottery, roughly the same as coming out of Bernie Madoff Asset Management with all your cash intact.
From the MW front page.
And if anyone is wondering why the propaganda has gone full retard, the reason is simple. Recall that 10 days ago we said:
In the latest week, ICI just reported that domestic equity retail funds just saw another $2.9 billion outflow, the 4th consecutive in a row, and the 23 of out 27 outflows during the entire parabolic blow off top phase the market has undergone since October, and instead put another $9 billion in fixed income funds "soaring" yields be damned. What does this mean? Probably that the stock ramp is about to get uber-parabolic for the simple reason that this is the only thing left in the status quo's arsenal - to keep doing the same old same old, hoping for a different outcome, because this time it's different. Only this time the dumb money either doesn't have the cash to burn, or just doesn't want to participate in a rigged, corrupt, centrally-planned market.
Yup - the banks are so loaded up with toxic stocks that they have NO CHOICE but to keep the ramp accelerating higher and higher until "stupid" retail comes back in and distribution happens, leaving the retail investor holding the hollow bag again. Alas, there were no inflows this week either. Which means that just like Italian banks, the meltup could well accelerate even more from here.
Sadly, retail just doesn't care any more. And once the Primary Dealers and hedge funds realize they have all gone Wile Coyote over the cliff well... gravity ensues.
h/t Nolsgrad
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Just bought my 3 tickets so now I have a chance of 3 out of 560 Gazilion of winning. I live in the outreaches of the County so not too many in line but it was growing for the after work crowd.
How can MarketWatch go full retard - you can't go to where you already were...
Seriously, how does the "Domestic Equity Mutual Fund Flows" differ from the "cash standing on the sidelines" BS or the (rightly mocked) Market Watch "play to win" BS?
How about, for a start, long term weekly flows for the following:
Generally ZH does a good job of bringing out salient flows of behavior and data.
However this recurring drum beat only makes the ZH community look like pots calling kettles black.
I see TPTB are back on the three step program:
Step 1. Drive the Sheep back into the market with gimmicks such as overvalued iStocks, non-stop propaganda, fake economic numbers, and price manipulation of real assets.
Step 2. Crash this bitch, shorting it all the way down, while destroying millions of lives in the process.
Step 3. Buy up everything at discount prices that would make Lord Rothschild blush, and rewrite all the rules to make it legal and keep it.
...and then guys like me come along, find these banksters, fix and surround them - while at the same time offerig "no quarter given and no quarter asked" and then commence the final phase. Re-written rules that favor theft by the rich are quickly put under boot and balance is returned to the cosmos. Speaking of COSMOS - Carl Sagan said that there were "Billions up Billions of Stars" - well thankfully there are only a few banksters so deal with.
you won't be singin' that tune after the first colony-transport arrives from Alpha Bankstauri.
CNBC is going to give ben bernanke credit for lottery winner getting a larger lump sum because he has kept interest rates low. A bunch of morons. I hope the winner goes off script and says fuck the fed.
I don't always play the market.
But when I do, I buy at the top.
LOL, awesome.
Let 1999 commence! Dow 20000 then all the way back down to 4000! The sooner everything rallies mad the sooner this final epic bubble will burst and the status quo broken...
"Sadly, retail just doesn't care any more. And once the Primary Dealers and hedge funds realize they have all gone Wile Coyote over the cliff well... gravity ensues."
A Seen to watch
With the presses pressing fiat currency like drunken sailors, stock prices as measured in fiat scrip will do nothing except go up. The bears will gnarl and gnash their teeth but they will need to cover shorts once money velocity kicks in and EuroZone and U.S. of A. become Wiemars 2012.
INFLATION is going to be revealed as opposed to covered up once Case Schiller rises to bail out the Walls Streeters and Washinton crowd that own too many houses.
Hey Muppets - Happy Friday to All!
This is your 'Hope n Change'
I love you, Zero Hedge.
I used to wonder how someone like Kate Gibson felt after publishing such garbage. I tried to take the sympathetic view that perhaps they were just flunkies doing what they were told and trying to earn a paycheck until something better came along. Somewhere along the way, I came to realize that was irrelevant. At some point a whore comes to realize they're a whore and they either do what they have to in order to get out and regain their dignity, or they just keep selling themselves.
Every time I start to play, the whole turns in the opposite direction.
Lol, the problem is the stock market became a casino instead of an investment tool.
It should be illegal to gamble on these "instruments", I like how new york has a ban on casinos, but it promotes the biggest gamble of them all... the stock exchange.
1000 dow points in one day, at about 11 am
Then circuit breaker for 1hr
Then another 1000 dow points
Then next day:
Merryl Lynch, Citibank, Bank of America, are kaput.
How about European banks? Anybody has any fantasy?
They are all con merchants together.....
Its like roulette - always bet on green (yeah, thats adjacent to your drink near the edge of the table .. where the smart money is .. )
"How can MarketWatch go full retard - you can't go to where you already were...
Right................ Roflmfao
Fuck the banksters and the propagandists.
May they rot in hell for all of eternity.
Speaking of full retard, did anyone see Argentina's central bank president say that "printing money does not cause inflation?" Can Tyler get something up about this? I wrote a short article about it with a link to the original article that I got the quote from: http://thesilversquirrel.blogspot.com/2012/03/argentine-banker-mercedes-...
Messages like that kind of make you think that there is desperation on Wall Street. Just sayn'.
I think the continuing move out of stocks and into bonds can be attributed in part to people finally realizing that rates are NEVER going to rise.
The Fed simply won't allow it - they will buy enough debt to keep rates low indefinitely, because high rates mean the death of the banking system and the bloated welfare-warfare State. This is where Peter Schiff went wrong - he underestimated the extent to which the Fed would sacrifice the economy to keep the banks solvent. Let me correct his error: the Fed will tolerate infinite damage to the economy to keep the banks solvent. We will see -50% real treasury yields before we see 6% nominal treasury yields.
Reminds me of Mega Millions...