• Tim Knight from...
    04/28/2016 - 00:27
    I was expecting a few boring candidate statements of the U.S. Senate - AKA the World's Most Exclusive Club - but, boy, was I wrong. Just take a look at some of these gems.
  • Tim Knight from...
    04/28/2016 - 00:27
    I was expecting a few boring candidate statements of the U.S. Senate - AKA the World's Most Exclusive Club - but, boy, was I wrong. Just take a look at some of these gems.

Notorious B.I.G.G.S. Flip Flops Again, Bottom-Ticks Market

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Thu, 09/22/2011 - 17:46 | 1698976 speconomist
speconomist's picture

Just discovered today that all these videos from Bloolberg are also available in Youtube, much better way to watch them.

There you have it:

http://www.youtube.com/watch?v=E-G-m8F7xvg

Thu, 09/22/2011 - 17:47 | 1698991 Tyler Durden
Tyler Durden's picture

"Embedding disabled by request"

Thu, 09/22/2011 - 17:51 | 1699007 speconomist
speconomist's picture

Ok Tyler, just mentioning it.

The 8 seconds commercial with loud volume that auto-plays at the beggining always scares the shit out of me.

Thu, 09/22/2011 - 17:52 | 1699013 spiral_eyes
spiral_eyes's picture

The best description for these buffoons is "educated stupid"

timecube, bitchez. 

Thu, 09/22/2011 - 18:45 | 1699170 Yamaha
Yamaha's picture

This is what I look forward to in 20 years - ok,ok, I going to stop taking my medications so I can died of a heart attack!

Thu, 09/22/2011 - 19:26 | 1699285 Don Birnam
Don Birnam's picture

All these Keynesians. So little sense.

Thu, 09/22/2011 - 18:19 | 1699104 I am more equal...
I am more equal than others's picture

Hey Biggy is getting jiggy to make himself a piggy to get slaughter on his longs.

 

Bigg - the stock market doesn't cause or create a recession.  You frickin idiot.   The real cause is people stop buying stuff, buy less stuff, buy no stuff, buy only things they can eat.  What the stock market does has nothing to do with what people do - normal people.  Not banksters, Wall Street Con men, and terminally stupid but perpetually rich third/fourth or fifth generation money.  Gee, you'd think the Ivy school education would have taught you that. 

Thu, 09/22/2011 - 18:35 | 1699144 spekulatn
spekulatn's picture

Bigg - the stock market doesn't cause or create a recession.  You frickin idiot.   The real cause is people stop buying stuff, buy less stuff, buy no stuff, buy only things they can eat.  What the stock market does has nothing to do with what people do - normal people.  Not banksters, Wall Street Con men, and terminally stupid but perpetually rich third/fourth or fifth generation money.  Gee, you'd think the Ivy school education would have taught you that. 

 

 

The quote of the day for me.

Thanks for sharing I am more equal... !

Thu, 09/22/2011 - 20:22 | 1699415 Pool Shark
Pool Shark's picture

 

 

Q: What does Barton Biggs' Greenwich apartment smell like?

A: Depends...

 

Thu, 09/22/2011 - 22:12 | 1699704 tbone654
tbone654's picture

bingo!!!

Thu, 09/22/2011 - 18:24 | 1699123 I am more equal...
I am more equal than others's picture

Hey Biggy is getting jiggy to make himself a piggy to get slaughter on his longs.

 

Bigg - the stock market doesn't cause or create a recession.  You frickin idiot.   The real cause is people stop buying stuff, buy less stuff, buy no stuff, buy only things they can eat.  What the stock market does has nothing to do with what people do - normal people.  Not banksters, Wall Street Con men, and terminally stupid but perpetually rich third/fourth or fifth generation money.  Gee, you'd think the Ivy school education would have taught you that. 

Thu, 09/22/2011 - 17:43 | 1698980 Overpowered By Funk
Overpowered By Funk's picture

Play a sad trombone for David Bianco as well.

Thu, 09/22/2011 - 17:59 | 1699041 rocker
rocker's picture

How about Doug Kass.  Blasting that the market lows are in over and over again.

This is the same a-hole who said Gold was done going up at 1,600.00.  Gold has gone to 1,900.00 since.

And after Japan's melt down claimed that the low's were in and he's buying all in. The low's were not in. 

 

Thu, 09/22/2011 - 18:25 | 1699126 SwingForce
SwingForce's picture

Yes and he bot the XLF at $13 chest thumping idiot...

http://swingforceultra.blogspot.com/2011/09/q-wlarry-almost-time-for-qe4.html

Thu, 09/22/2011 - 19:35 | 1699308 Don Birnam
Don Birnam's picture

Speaking of "Dougie," Kass returned to Melissa Lee's shark tank at the "NASDAQ Marketsite" this afternoon ( via cell phone ), and reiterated his "bottom's in" call coupled with a reiteration of an S&P 2011 close of 1205.

Eighty-six points to go, Dougie.

Thu, 09/22/2011 - 19:07 | 1699238 oogs66
oogs66's picture

I was happily short til I read this

Thu, 09/22/2011 - 19:35 | 1699310 buck4free
buck4free's picture

My sentiments exactly. This is definitely a double-plus ungood indicator (for bears).

Thu, 09/22/2011 - 20:22 | 1699414 WonderDawg
WonderDawg's picture

Depends on how you look at it. I think he's wrong temporarily, because after some further decline, I think we're going to have a nice little rally. Probably won't challenge the neckline of the recently broken H&S, but equities will bounce toward it. But then, then, my friends, get your puts for the next leg down. She's gonna be a doozy.

At least, that's how I'm playing it. Sitting out right now, waiting for a near term low, ride the rally back up a ways, then reverse and short that bitch for all I'm willing to gamble with. If I'm right, sometime next year I'll be retiring. If I'm wrong, I'll lose some but I won't get wiped out. Even Biggs gets it right once in a while. Nothing wrong with cash in this environment, so I'll be keeping some powder dry. And of course holding the shiny stuff.

Thu, 09/22/2011 - 17:46 | 1698987 Barb Dwire
Barb Dwire's picture

No Barton, we're laughing AT you...

Thu, 09/22/2011 - 17:47 | 1698989 Gubbmint Cheese
Gubbmint Cheese's picture

what a stuttering asshat.

 

Thu, 09/22/2011 - 17:48 | 1698992 max2205
max2205's picture

Drudge might have called the bottom as well

Right.

YTD drops are terrifying BUT just look at the % stocks are up from 667

Thu, 09/22/2011 - 17:48 | 1698994 blunderdog
blunderdog's picture

He quoted negro music?

Thu, 09/22/2011 - 17:59 | 1699039 Panafrican Funk...
Panafrican Funktron Robot's picture

I lol'ed heartily at this as well.  WTF?

Thu, 09/22/2011 - 17:49 | 1698998 spiral_eyes
spiral_eyes's picture

Is Bernanke deliberately trying to crash the economy?

http://azizonomics.com/2011/09/22/is-bernanke-letting-the-economy-crash/ 

Thu, 09/22/2011 - 17:52 | 1699011 speconomist
speconomist's picture

Gee, don't you get tired of spamming in the comments of every single article?

Thu, 09/22/2011 - 18:05 | 1699042 spiral_eyes
spiral_eyes's picture

Yeah it's not really spam because I only post when it's relevant to the topic under discussion.

If I've already written a full post detailing my view on something it's easier to post a link to where I've posted it than copy and paste the entire post.

I think about the only time I've ever posted something irrelevant is when I linked to a post about Groupon. But that day I was laughing my ass off the whole time about the dumbfuck analysts saying Groupon is the next Google or Cisco or Wal Mart or whatever. So I'd say that was a good excuse.

Thu, 09/22/2011 - 18:21 | 1699107 DosZap
DosZap's picture

spiral_eyes @ 17:49,

IMHO, in a word yes.

Before the NWO can succeed, WE must be demolished.

We are well past that point, and are going to arrive there in due time.

Bank It.

Thu, 09/22/2011 - 18:47 | 1699127 spiral_eyes
spiral_eyes's picture

More than that deliberately pumping the economy up with QE and allowing it to then crash creates an opportunty to offer a manufactured solution — which I am sure will be very centralised, very authoritarian and very unfree. 

Which is why crooked shepherds like Biggs flourish — they serve a useful task, which is to mislead the flocks into the mud so that the global authoritarian solution — which otherwise would be resisted — is demanded.

(Perhaps if i had posted this commentary in my initial post I wouldn't be getting so many downvotes) 

Thu, 09/22/2011 - 17:49 | 1699000 mynhair
mynhair's picture

I thought Biggs was old and white.  WTF?

Oh, he is.

Thu, 09/22/2011 - 19:40 | 1699316 TwelfthVulture
TwelfthVulture's picture

And apparently he's partial to the negro spirituals.  Who woulda knew?

Thu, 09/22/2011 - 20:21 | 1699405 Justaman
Justaman's picture

I thought Biggs was retired or fired for being wrong so often.

Oh, I guess not........yet.

Thu, 09/22/2011 - 17:52 | 1699009 iNull
iNull's picture

The Bigster wrote the ultimate millionaire's prepper manual a few years back. He's just not the world's greatest market timer. One more bounce into Oct, then it's the fire. Barton's stopped clock will be right, eventually.

Thu, 09/22/2011 - 17:55 | 1699017 fdisk
fdisk's picture

Who is this crackhead? How possible he can run a hedge fund? You kidding me? Probably just laundering money off drug cartel operation, while flipping penny stocks to cover up the tracks :)))

Thu, 09/22/2011 - 17:55 | 1699021 mynhair
mynhair's picture

Avoid this thread like the plague, after viewing.

Moron doesn't know gold, or anything else.  Now we are on the verge of a crisis?

Thu, 09/22/2011 - 17:55 | 1699023 sheeple2012
sheeple2012's picture

Actually tried to read his book, gave up after about 20 pages of boring drivel

Thu, 09/22/2011 - 17:55 | 1699024 Mitch Comestein
Thu, 09/22/2011 - 21:22 | 1699548 natty light
natty light's picture

Puff is right BI best rapper (lyrical).

Thu, 09/22/2011 - 22:56 | 1699787 Strike Back
Strike Back's picture

Beautiful

Thu, 09/22/2011 - 17:56 | 1699026 I am a Man I am...
I am a Man I am Forty's picture

another senile old man that needs to retire along with:

Warren Buffett, Charlie Munger, JoPa.......

 

Thu, 09/22/2011 - 18:32 | 1699139 scatterbrains
scatterbrains's picture

speaking of old dudes, what ever happened to Joe Granville ?

Fri, 09/23/2011 - 12:45 | 1701828 Diogenes
Diogenes's picture

I miss Harry Browne. I liked calling his followers the Harry Browne people. It made them sound like a bunch of Rastas.

Thu, 09/22/2011 - 17:56 | 1699027 Collapsed
Collapsed's picture

This place is just one of a kind...BY FAR the best site on the internet!  TD, I tuly appreciate what you have here

Thu, 09/22/2011 - 17:58 | 1699034 fdisk
fdisk's picture

"Yes ladies and gents, the age old 100% guaranteed trade of fading old faithful means it is now time to go dodecatuple down all in the market and mortgage that 4th unborn generation: the direction has been called."

Did you just called GOLD 2200 and Silver $60 couple of days ago

now what? You directing people to short the f*king bottom?

Let it pop first at least, smartass, and then short..

Thu, 09/22/2011 - 18:14 | 1699085 Tyler Durden
Tyler Durden's picture

No. The thing "just called" was a crash in precious metals when Bernanke disappoints.

"It seems that Bernanke, if he wants the market to rally, is going to have to come out with a surprise next Wednesday." In other words, stocks are now pricing in not just OT 2, and a reduction in the IOER, but also an LSAP of a few hundred billion. There is, however, naturally a flipside, to Bernanke's priced in announcement: "If he doesn't, then expect a big selloff." In everything, mind you, stocks, bonds, and certainly precious metals."

Bernanke disappointed.

Also, just what part of "Bottom" ticking is confusing to you?

Thu, 09/22/2011 - 18:32 | 1699138 prophet
prophet's picture

Somehow I doubt he was disappointed. 

Do we get the lock limit up G-20 BINGO $11T intervention at this meeting or is this one just where they lay down the rules for the emergency action a little later on and simply test their flex this week?

Thu, 09/22/2011 - 18:33 | 1699140 fuu
fuu's picture

"only to realize a month later that he may have 99 (redemption) problem but a Biggs AUM ain't one."

 

Best line of the day.

Thu, 09/22/2011 - 18:34 | 1699142 fdisk
fdisk's picture

Yeah, not sure what leads them to deliberately say such

harsh words, perhaps impact could be much harmless if

"significant

downside risk" could be rephrase to something mild..

Also there is disconnect in FED policies then. If they sees

"significant downside risk" as they state, why no appropriate

action

was taken? Usually Bernank overshoot to make sure.. Are they

getting scared of GOP letter.. Dunno.. It was like "F* YOU, crash

now, I don't care..", - Strange..

Thu, 09/22/2011 - 20:05 | 1699372 JohnG
JohnG's picture

Not so much, meet the Bernank:

http://www.youtube.com/watch?v=4r7wHMg5Yjg

 

Thu, 09/22/2011 - 19:03 | 1699230 spiral_eyes
spiral_eyes's picture

Market pricing in — Bernanke ready to disappoint — global financial elite ready with new global currency to "save the day" and bring America under their control.

Do NOT follow this link or you will be banned from the site!