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

Tyler Durden's picture




 

The last several times Barton Biggs was on TV we laughed, we cried, we laughed much more, but most importantly we faded every word out of his confused mouth with as much leverage as the CME would allow us (at last check margin requirements on Biggs Ultra Shorts had not been hiked in a while). After all could anyone top tick the market better than the Notorious BIGGS who on August third and fourth predicted a 7-9% rally in the S&P, only to realize a month later that he may have 99 (redemption) problem but a Biggs AUM ain't one. Even more conclusive proof that old people should take their RDA of geritol and Gingko Biloba came two short weeks later, when the same former Morgan Stanley (what is it about that bank and producing some of the worst asset pickers known to man?) strategist told Bloomberg "I don't see all the bad news that you keep citing." It then took him only a month to see preciseley all the bad news that Bloomberg keeps citing. According to a just released comedic appearance by Bloomberg TV, the BIGgster is now only 20% net long, down from 85% 6 months ago. Said otherwise redemptions are rolling in. The is further confirmed by his statements:  "I wish I was minus 20,” and so do your LPs. "I wish I was zero. I don’t think any place is a place to invest." The slurring continues: "I want to see an important stimulus program in the United States, combined with major reform in social security, Medicare and our defense budget. If we did that, we could have a 20 percent rally." Likewise, as much as we wish we had a magic stick made of gold to beat idiots on the head with, we don't. Which lead Bart-o to the following statement: "Markets are telling policy makers that they’ve got to change and act or we’re going to go into a double-dip recession, and we’re going to go down another 20 percent." 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. In the meantime, to watch an old white man not quite hiphopping, but certainly quoting "old negro spirituals", watch the rest.

 

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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.

Thu, 09/22/2011 - 18:41 | 1699160 Calculated_Risk
Calculated_Risk's picture

Damn, Tyler just pwned you! Go back to your cave beotch!!!

Thu, 09/22/2011 - 17:58 | 1699035 vipmoneymachine
vipmoneymachine's picture

what amazes me that he is still working and managing money. He is throwing numbers on the wall, $400 billion TARP, reduce rates by 1%, why not $2 trillion, $5 trillion, why not buy the entire stock markets around the world and he sees an upside of only 20%. Freaking moron.

The day Laszlo Birinyi goes bearish I will be buying this market till then, I am happy with FAZ, SRS and TZA.

Thu, 09/22/2011 - 18:01 | 1699045 fdisk
fdisk's picture

"am happy with FAZ, SRS and TZA."

Right, you happy, till you don't, so you know, - all those

2x-3x leveraged ETF's are SCAM, stay the f*ck away from them,

or you going to learn it hard way and stay away from ETF's in

general.

Thu, 09/22/2011 - 18:46 | 1699172 Sequitur
Sequitur's picture

Fdisk does have a point. These funds are used (abused) by the banks' trading desks, heck they may even be shorting the already-levered funds. Yes I dabble in them, make a little, lost a little. Beware holding them through a weekend, you can lose your face.

Thu, 09/22/2011 - 17:58 | 1699040 ReallySparky
ReallySparky's picture

LMAO, "Biblical Times".  What an dink.

Thu, 09/22/2011 - 18:01 | 1699048 DormRoom
DormRoom's picture

Another sigma 6+ event occured today: faster than speed of light travel.  That's right..

 

http://www.theglobeandmail.com/news/technology/science/scientists-in-sho...

 

Only a few more months until the improbable machine (Large Hadron Collider) brings forth more improbable events like the rapture, and second coming--oh and systemic financial collapse.

Thu, 09/22/2011 - 19:10 | 1699244 King_of_simpletons
King_of_simpletons's picture

They should probably verify the speed of light again just to be sure that their accurate clock is not too accurate with the Muon Neutrons.

Thu, 09/22/2011 - 18:03 | 1699049 LookingWithAmazement
LookingWithAmazement's picture

Italy is essentially solvent. Says Peter Possing Andersen from Danske Bank. So.

http://www.telegraph.co.uk/finance/financialcrisis/8783067/Fear-gauge-enters-the-red-zone.html

Thu, 09/22/2011 - 18:06 | 1699062 NotApplicable
NotApplicable's picture

Well, surely the Pope's got Silvio's back, right?

Thu, 09/22/2011 - 18:02 | 1699050 Reese Bobby
Reese Bobby's picture

This is a troubling buy signal.  Just when I was sure we were heading much much lower.  Darn you Notorious BIGGS!!!

Thu, 09/22/2011 - 18:04 | 1699053 Hedgetard55
Hedgetard55's picture

A complete fool.

Thu, 09/22/2011 - 18:04 | 1699054 dasein211
dasein211's picture

Cause i see somebody tonight who shud be shortin like krazy .. Baby

Thu, 09/22/2011 - 18:05 | 1699057 NotApplicable
NotApplicable's picture

Biggie Biggie Biggie can't you see
Sometimes your words just hypnotize me
And I just love your fishy ways
Guess that's why you're broke, and we're so paid

Thu, 09/22/2011 - 18:05 | 1699058 iNull
iNull's picture

I may have been a little too kind to the Notorious Biggs in the previous post. What he claims about stimulus saving the economy is utterly inane and asinine. Stimulus isn't going to do jack for the economy. I feel I don't need to belabor the point cause most people reading this get that.

Second, I take issue with the blonde bimbo who points to corporate earnings as a means of salvation. Yeah, maybe for the Chinese, who now have all the factories thanks to Wall Street mercenary banksters. Word. You are never going to restore the U.S. economy without jobs.

You can make all the Lenovos and Caterpillars in China that you want. If the American people don't have jobs the poverty rate will increase (last I checked over 42 million below the poverty line and on food stamps) and the shit will just get worse. Jobs bitchez, not "stimulus."

Thu, 09/22/2011 - 18:23 | 1699115 MsCreant
MsCreant's picture

It showed me how short sighted these people are. Yeah you'd get your pop up, then we'd hit the ground hard again. Then what? Do the hokey pokey? Turn yourself around?

Stimulation is simulation.

Thu, 09/22/2011 - 20:30 | 1699431 Hephasteus
Hephasteus's picture

Look it's 2 markets. You got the ponzi initial public offering stock market to finance things and you got the credit market go to the bank and get a loan.

Corporations have been financing themselves off the ponzi with the fed as and taxpayers as the sucker buyers and bag holders.

People who run ponzi's like this like suckers and volunteers. When they run out of suckers and volunteers they try to force you to play.

These pops and crawls are good because they all end up on the US and europe and every other countries "national debt". Which is underwritten by taxpayers. Now once the fall solstice hits. Is when the taxpayers go to war.

As EVERYTHING becomes unfunded and I don't mean some things. I mean EVERY GODDAMN thing that happens. It becomes a massive switch from a ponzi to a counterfeiting party. As they do this the debt will go from 13 trillion to 16 trillion to 28 trillion to weekly fights over 1 trillion in bonds.

The whole downturn we've had reached the bottom things are looking up record this record that. While 4th quarter 2010 there were more IPO's than in 2007. This means pop goes the weazle.

I think colonel calls robotrader catfish mouth. Because that's exactly what this "recovery" has been. Catfish mouth catfish mouth kungfu treachery. Give me your sandwich.

Here's what we got. Every major corporation on the planet is a money loser. GM loses money but posts gains. Microsoft loses money but post gains. The gains come from the ponzi. The ponzi comes from a central banker putting it on everyone bills. It's a gradual slow shift from a supposed free market into state sponsered projects. The head fuck is in the soverign lable. The countries label themselves as sovereign but it's really the coporations that are the soveriegns.  The thing is it's entirely unfunded. If you work at microsoft you worked for a company that lost 3 billion on internet precence lately. Actually lost money on windows 7 and has lost money on just about everything it's ever done. You're getting paid ponzi money from other sovereign ponzis.

Once the ponzi collapses from the HFT manipulation this all goes from ponzi funded to credit market funded. The money still all comes from the taxpayer but in the ponzi style you don't pay taxes and you don't pay interest. You "COLLECT" interest. In the bond market game you pay taxes and interest to the taxpayers. They become the benefactor of the ponzi.

As it is now you have a bunch of over IPOed corporations that you have to pay way way way more than they are worth for what they got. You have to pay 70 billion dollars for microsft that not only can't earn 70 billion dollars ever. Is fully intent and has been working towards LOSING a good chunck of 70 billion dollars. In the ponzi system the stock MUST sell to finance it. In the bond system the company must sign to get the money. Which is why we have a system now where the intervention into the stock markets and manipulation have become so great it's simply a bond market for the taxpayers. The corporations get the money they just make you sign for it.

It's a model that not only encourages mal investment it encourages superficial mal investment. It's simply a complicated system of rape and a system that tries to force deals and causes and effects on you without your permission.  And it will end with people not paying taxes at the check out line at walmart. And jamming a slot screwdriver through your hand if you try to call the police or a phillips through your eye if the police come.

People talk about nationalizing banks and GM but it's been under way since 1980 anyway. It's just been playing a head game mind fuck with you. Once Open market operations and temporary open market operations and all the other shit started. The FED has been governmentalizing corporate funding.

Thu, 09/22/2011 - 21:19 | 1699541 JW n FL
JW n FL's picture

 

 

Yeah! (in my best James Brown backup singer voice)

what he said! Killem ALL!!

Mon, 09/26/2011 - 07:31 | 1710336 iNull
iNull's picture

Out fucking standing post

Thu, 09/22/2011 - 18:38 | 1699150 wisefool
wisefool's picture

She cant be all bad in ZH think. This is the same one that had an interview with Faber and a co-anchor acouple of months ago. The male co-anchor was grilling Faber on physical gold, and Faber said "If you give your girlfreind equites, and I give my girlfreinds gold, who do you think they will like better"

This hostess immeadiately interjected "I'll take the gold!"

and the co-host dowerly said "Thanks alot, that is helping"

Too bad I cant afford cable anymore to see what CNBS is doing lately. BloombergTV is free online.

Thu, 09/22/2011 - 18:53 | 1699202 SirIssacNewton
SirIssacNewton's picture

Check again..... there are over 46 million below the poverty line or an increase of over 4.2 million people from last year.  If we consider that poverty as it impacts ability to self-sustain within the current American economic construct, we should really look at the 1.25 column (or the group just above the government line) which puts the real number of poverty at 60.4 million or 1 in 5 Americans are suffering the effects of poverty. 

Your point is well made.... without real jobs....a viable manufacturing sector...... this number will only get worse.  This guy Biggs has he head up his ass and should have been put out to pasture years ago.

Thu, 09/22/2011 - 18:06 | 1699059 fdisk
fdisk's picture

Look ETF.. ZSL Double Short SILVER.. Look silver now below $36 and this shit is sitting at 15$, last time silver was here at June 11 ZSL was trading at $19+.. Guess Where the f*ck $4 goes? STAY AWAY from leveraged ETF's it's SCAM!!!

And FAZ it's TRIPLE SCAM!

Thu, 09/22/2011 - 18:08 | 1699067 NotApplicable
NotApplicable's picture

Arbitrage opportunity?

Thu, 09/22/2011 - 18:56 | 1699211 Libertarians fo...
Libertarians for Prosperity's picture

 

 

You clearly have absolutely NO IDEA how ZSL functions.   

It resets every morning at 7am EST and is benchmarked to the London Fix.  It tracks the percentage movements in price from 7am to 4pm.  Then, the next morning, it resets again. 

You seem to be expecting the price of ZSL to move in lock-step with the price of silver over time.  It doesn't, and it isn't designed to.

This is yet another perfect example of someone who knows very little about a particular subject, and then cries "conspiracy" or "fraud" instead of educating themselves.  Typical silver goon....  Crash JP Morgue

Thu, 09/22/2011 - 20:36 | 1699442 fuu
fuu's picture

How do you escape the ennui?

Thu, 09/22/2011 - 18:09 | 1699069 nmewn
nmewn's picture

The guy is clearly off his meds.

Thu, 09/22/2011 - 18:18 | 1699099 fdisk
fdisk's picture

Man, before you open your mouth, check the f* chart...

ZSL compare to Silver Look June 6/11 ZSL was 2+ higher,

then it is today with the same Silver $.

Thu, 09/22/2011 - 18:26 | 1699129 MsCreant
MsCreant's picture

I might be tempted to change my avatar today if I was you.

Thu, 09/22/2011 - 18:38 | 1699151 fuu
fuu's picture

He hasn't quite got to the flame out point. Close though.

Thu, 09/22/2011 - 18:42 | 1699162 fdisk
fdisk's picture

Yeah :))) Won't bother for now, doomed Dollar won't be enjoying
this rally for long.. we'll see...

Thu, 09/22/2011 - 19:17 | 1699263 MsCreant
MsCreant's picture

Both are fiat. Dollar is current reserve currency. Why should Euro screw the Dollar? The Euro looks like a lit fuse to me. The dollar is probably the TNT though. I think they are both doomed, Euro first.

But we will see...

;-)

Thu, 09/22/2011 - 18:41 | 1699158 Shell Game
Shell Game's picture

Open pie-hole, insert foot.  lol!

Thu, 09/22/2011 - 18:42 | 1699161 prophet
prophet's picture

they work well in trending markets and they are death in choppy markets  - its just compounding with some magnification -

e.g. look at a hold in 09, worked great for long time frame

Thu, 09/22/2011 - 18:44 | 1699167 nmewn
nmewn's picture

You're kidding right?...paper is what you wipe your ass with isn't it?

Did you sell your position?...if not, you have nothing...if you did you paid your in/out comish and have some taxes to pay there spud.

And watch the wash sale rule, they loaded up on IRS agents recently just looking for goof balls like you ;-)

Thu, 09/22/2011 - 20:12 | 1699387 JohnG
JohnG's picture

Ahem......

 

You just *might* wan't to try reading and learing for a while (say a YEAR) before you post again.

You are going to get slaughterd by those who have.

 

Frendly advice, take it and we make take mercy on you.

 

:)

Thu, 09/22/2011 - 18:10 | 1699073 Out9922
Out9922's picture

Gold is money, sir

Thu, 09/22/2011 - 18:14 | 1699084 JW n FL
JW n FL's picture

 

 

silver out performs Gold, Sir.

silver is more scarce than Gold, Sir.

silver can make water safe to drink, Sir.

if you are not at least 50% / 50% YOU! are CRAZY AS FUCK! Sir!!

Dont forget the physical solar.. brown outs can be a bitch! I LOVE AC.. it is hot in Palm Beach!

Thu, 09/22/2011 - 20:56 | 1699481 Stax Edwards
Stax Edwards's picture

Hey J Dubs, can you give us periodic updates of the price and availability of diesel in Walkers, Bimini, Chub?  Do U Tuna?

Thu, 09/22/2011 - 21:13 | 1699523 JW n FL
JW n FL's picture

 

 

Walkers? you mean Rosie's?

Bimini is not in my run.. that is Miami crowd.

http://www.chubcay.com/ as for fuel out of Chub.. better than most.. but you still need extra filters, by the box any where in the islands.

Tuna.. sure as bait! LOL!!

no I am just kidding.. anything! anything I can set a hook in! I would catch you if you would let me! well maybe not a fellow fisherman but you know what I mean.

I have seen some GREAT pics but I think they were up north.

Nothing big this year the storms didnt push the weed lines up or should I say that the storms pushed the weed lines and and kept pushing them past Bernuda!

here's a good spot for ya. http://www.youtube.com/watch?v=g4OQKXovg-U

Thu, 09/22/2011 - 20:35 | 1699440 WonderDawg
WonderDawg's picture

What was time, again?

Thu, 09/22/2011 - 18:11 | 1699074 JW n FL
Thu, 09/22/2011 - 18:37 | 1699147 fuu
fuu's picture

Back at'cha: http://www.youtube.com/watch?v=Sw5oSxgHSag

 

Sublime - Doin' Time NOTORIOUS B.I.G. remix

 

Thu, 09/22/2011 - 22:20 | 1699718 JW n FL
JW n FL's picture

 

 

I had never heard that!! NICE! GRAB!!

Thu, 09/22/2011 - 23:23 | 1699850 fuu
fuu's picture

<bow>

Thu, 09/22/2011 - 18:12 | 1699077 junkyardjack
junkyardjack's picture

If only investors would trade stocks based on 2030 earnings, they are going to be so high by then.  Why can't people see this?

Thu, 09/22/2011 - 18:13 | 1699079 Jasper M
Jasper M's picture

STupac Lives!

Thu, 09/22/2011 - 18:15 | 1699088 wisefool
wisefool's picture

I like turtles.

I am going to lay in the weeds close to shore. I am not a member of the austrian school of economics. I went to Yale.

Thu, 09/22/2011 - 18:16 | 1699090 TheVirginian-HGWT
TheVirginian-HGWT's picture

Mo money mo problems

Thu, 09/22/2011 - 19:19 | 1699269 MsCreant
MsCreant's picture

Got my mind on my money and my money on my mind.

Thu, 09/22/2011 - 21:16 | 1699534 JW n FL
JW n FL's picture

 

 

we will see what Gabriel has to say about that shit.. when dumb fuck kicks the bucket and from the looks of him it should not be to, too long.

Thu, 09/22/2011 - 18:19 | 1699103 SwingForce
SwingForce's picture

Until the 38.2 Fibo retrace is exceeded under 1101, then don't try to scare me! OOoohhh, very scary!

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

Thu, 09/22/2011 - 18:20 | 1699106 Seasmoke
Seasmoke's picture

did he call Bernanke a negro ?

Thu, 09/22/2011 - 18:26 | 1699114 Miles Kendig
Miles Kendig's picture

The BIGGS is the mostest mumblin and stumblin Okie evea.  Choking down that crow sure sounded harsh for a guy used to dining on the patented shit soup sandwiches served up at Chez Shalom.  In this case the BIGGS is what he eats.  At least Laszio Birinyi can suffice with spooning his creamed chipped crow with his ever ready ruler

Thu, 09/22/2011 - 18:28 | 1699135 MsCreant
MsCreant's picture

Are you there? The big O I mean?

Thu, 09/22/2011 - 18:23 | 1699116 T-Bond
T-Bond's picture

Yeah, "change everything so my position makes money" instead of trying to be right what's really happening.

Thu, 09/22/2011 - 18:24 | 1699121 DrunkenMonkey
DrunkenMonkey's picture

20/20 hindsight. Always a good attribute to have ..

Thu, 09/22/2011 - 18:28 | 1699122 vast-dom
vast-dom's picture

Biggs you shitbag STOP begging for more Eurozone handouts and additional already-failed US Gov bailouts ie "stimulus and reform"; hey COWARDLY BULL(SHITTER) you are perpetuating the very same cancer that is wreaking havoc on the global markets.

 

REFORM STARTS WITH YOU ET. AL WAKING THE FUCK UP OR GETTING OFF THE PLANET!

 

 

Thu, 09/22/2011 - 18:26 | 1699128 navy62802
navy62802's picture

B-B-B-Barton F-F-F-Fucking B-B-B-Biggs. What a sorry sap. These mother fuckers don't have a clue what's going to happen over the coming year, let alone the next month, week or even day. And you have to ask why. The reason is that the markets are not free. They are manipulated, and traders today have been reduced to divining the next Fed or ECB move ... essentially trying to read minds instead of evaluating companies on their merits. The market is broken and that is the takeaway. PMs may have taken a dive in the past few days, but they are the only solid investment. Only PMs will retain value when everything else crumbles.

Thu, 09/22/2011 - 19:18 | 1699237 NuYawkFrankie
NuYawkFrankie's picture

RE: Only PMs will retain value when everything else crumbles.

Wrong, my friend. Only a bad-ass, with the ability to crack a head - like Jose Canseco cracked a baseball in his prime - is gonna retain value.

Here's clue: If you cant do 50 straight pushups - with feet raised at least 30inches above the ground - you aint gonna survive. You'll have that gold snatched right outta your hand - and be lucky to get away with just a slap across the head... with a baseball bat.

 

Thu, 09/22/2011 - 19:24 | 1699279 navy62802
navy62802's picture

Well, I guess I'm safe then. Thanks for the pick-me-up.

Thu, 09/22/2011 - 20:48 | 1699464 WonderDawg
WonderDawg's picture

LOL Well done!

Thu, 09/22/2011 - 19:50 | 1699332 Temporalist
Temporalist's picture

Seriously Frankie you are choosing Canseco as your example when you are a NYer?  -1 for you

Thu, 09/22/2011 - 20:07 | 1699377 NuYawkFrankie
NuYawkFrankie's picture

You're right Tempy! Fuggedabout Canseco! Try Reggie - that's Jackson, not MIddleton - on for size ;) 

Thu, 09/22/2011 - 20:14 | 1699391 Bastiat
Bastiat's picture

Here's clue: If you cant do 50 straight pushups - with feet raised at least 30inches above the ground - you aint gonna survive.

Oh do those make you bullet proof?

Thu, 09/22/2011 - 21:14 | 1699527 kahunabear
kahunabear's picture

You waste your time with push-ups. I'll take my .357 any day.

Thu, 09/22/2011 - 21:14 | 1699530 kahunabear
kahunabear's picture

You waste your time with push-ups. I'll take my .357 any day.

Thu, 09/22/2011 - 18:53 | 1699131 NuYawkFrankie
NuYawkFrankie's picture

A croaky old fart called BIGGS

Was exceedingly down on the PIIGS

But when the DOW plunged

To the bottle he lunged

And he's probably chain-smoking CIGS

Thu, 09/22/2011 - 18:55 | 1699132 NuYawkFrankie
NuYawkFrankie's picture

A croaky old fart called BIGGS

Was exceedingly down on the PIIGS

But when the DOW plunged

To the bottle he lunged

And he's probably chain-smoking CIGS

 

Thu, 09/22/2011 - 18:27 | 1699133 Matthew C
Matthew C's picture

"I don't think any place is a place to invest."

Are there any optimists out there?  I'll take the contrarian stance.  We will have a future that includes use of electronics.  Silver is needed for these devices.  Physical 75% Miners 25%.  Long continued civilization.

Thu, 09/22/2011 - 19:25 | 1699284 oogs66
oogs66's picture

He is bearish but still LONG! He's a damn hedge fund - he could be SHORT!!! He is awful

Thu, 09/22/2011 - 18:41 | 1699156 Sequitur
Sequitur's picture

Damn tired of these dinosaurs demanding ECB, Fed, etc. inject money into these stupid banks. Where does this fossil think the money is coming from? Taxpayers -- and we're sick and tired of this crap. Let these stupid banks who levered 40 to 1 on garbage paper fail. SHUT IT DOWN.

Thu, 09/22/2011 - 18:45 | 1699168 Calculated_Risk
Calculated_Risk's picture

He don't give a fuck, he's 'got his' fuck everyone else.

Thu, 09/22/2011 - 18:43 | 1699164 monopoly
monopoly's picture

I do not pay attention to any of them. Do my own research, invest in real money, like a bunch of miners and work around my core position. But, this time, I got caught with a few trades that should have been closed out earlier. Had a big down day today, and over the years have had many big down days in the metals. It is part of the process. Am not that good to time each major dump and pump and do not even try to.

I Just remember those 3 stooges running this country and the bimbos behind them and feel very comfortable with my positions. Ups and downs short term. But the long term looks just fine here. And for all of us here, the longer term should turn out very well. Anyone see a sea change coming anytime soon? Hmmm

Lets see if we hold 1,705 and move higher. If so, another phone call and another delivery. No complaints.

And who the hell said Zero Hedge was always right all the time. You think you can do any better. The information is given to us, we take it and hopefully make the right call. In my time here I never remember any on staff telling us to buy or sell anything. Some think it is better to bitch and moan, others just keep contributing to keep this site of truth alive.

Those of you who have been here a while. I want you to imagine... you move to your computers at 6AM or 9AM or whatever, you get them working and check markets, portfolios, charts, your favorite news, then you go to Zero Hedge, for the real news.......and it is gone. Tell me you would be comfortable with that thought.

It scares the shit out of me!

Thu, 09/22/2011 - 18:48 | 1699178 NuYawkFrankie
NuYawkFrankie's picture

If I thought like you, it'd scare the sh!t outta me!

Fri, 09/23/2011 - 01:18 | 1700027 janus
janus's picture

weird...same exact sentence was forming as i finished out that screed.

quit stealin janus thunder, nyFrankie!

Thu, 09/22/2011 - 18:51 | 1699191 Sequitur
Sequitur's picture

For what it's worth, look to those who say we are in a deflationary period. Not inflationary. You may see significant evidence for the deflationary view, because right now credit/debt is getting destroyed. And if it is deflation, everything will be sold, including AU and AG. You can see the results in your neighboorhood -- look at housing prices. This is our ghost of Christmas future imo. Down days ahead. But ultimately light at the end of the tunnel, which may be years away.

Thu, 09/22/2011 - 20:36 | 1699446 blunderdog
blunderdog's picture

I'd be expecting deflation too, but there are two major problems which make it seem unlikely.

1) USD held overseas are something like 4x the amount held domestically

2) If the deflation is as severe as would seem to be *required* by the magnitude of the paper losses, there's no fuckin' way the USD can survive as a currency.

Obvious (and probably oft-repeated) prediction for how it would work in the US: a brief deflationary pulse followed by severe inflation as overseas holders take advantage of dollar strength.

There are just too many "dollars" out there for the US to make good on.  That happened awhile ago.

Thu, 09/22/2011 - 18:48 | 1699169 John McCloy
John McCloy's picture

Here is the remix version of "Warning" in honor of Biggie and all the Keynesian Merlin voodists.

Beep...Beep..Stick me for my fiats..stick me for my fiats..stick me for my fiats

Who the Fuck is this paging at 5:46 in the morning crack of dawning...now Im yawning... wipe the cold out my eye to see who pumping futures and why..

It's my nukka Sack down from Liberty told me he was in the leveraged spot and heard about a intricate plot some PD's wanna stick me with valueLESS paper...slow down Bro please drop the caper.

  Remember those interns you knew from back when...used to lever up with...drop rumors..smoke shorts and get nice wit..yeah my nukka Nouriel down on University..nah that my Keynes spouter puppets woudn't disrespect..

I didn't say him he Sterned me to so chumps you from back when you back when you was clocking minor BPS now they hear you blowing up like nitro wanna stick ZIRP through the windpipe slow....So thank Hobbes for warning me..now I warning you I got the MACD nukka tell me what you wanna do..

Damn...pumpers wanna stick me for my fiats..

 

http://www.youtube.com/watch?v=TbSm6HsX_ek&ob=av3n

Thu, 09/22/2011 - 18:47 | 1699176 RSloane
RSloane's picture

"laying low in the weeds" is a good place for him.

Thu, 09/22/2011 - 18:51 | 1699193 The Fonz...befo...
The Fonz...before shark jump's picture

Wow biggie small a looks lime he smoking some good shit...hopefully wrapped in a 100 dollar greenback....

Thu, 09/22/2011 - 18:59 | 1699222 equity_momo
equity_momo's picture

Roofleskatz

I just wanted to be here on da bigZ slide into the hospice.
What a fuxkig mope.

Thu, 09/22/2011 - 19:14 | 1699252 LookingWithAmazement
LookingWithAmazement's picture

Tomorrow a green day again. Troubles over, apparently. No Armageddon. Boring world we live in.

Thu, 09/22/2011 - 19:51 | 1699337 Lord Welligton
Lord Welligton's picture

You are without doubt what is know as a dickhead.

Or a Troll.

No.

Dickhead.

Thu, 09/22/2011 - 20:21 | 1699407 LookingWithAmazement
LookingWithAmazement's picture

You'll see. Last few months the markets recovered each time. The Dow still is not in a Depression mode, only a few 1000 below highest ever. So.

Thu, 09/22/2011 - 19:17 | 1699264 khakuda
khakuda's picture

WTF was he babbling about?   Seriously, in my next life I want to get the part of the overpaid idiot.  How Bernanke, Frank, Greenspan, Leo Apotheker and guys like this get to screw up over and over again and keep their jobs, I'll never understand.  Leo cuts the market cap of HP in half in no time flat and gets tens of millions for his efforts?

Crap, pay me millions a year and I promise I'll do an even better job crashing the economy, underperforming in my fund and driving a company into the ground.

BTW, I love this website.

Thu, 09/22/2011 - 19:30 | 1699296 Lord Welligton
Lord Welligton's picture

Simple question.

What idiots gave that idiot $1,500,000,000 to invest.

On the other hand $1,500,000,000 is peanuts.

And as it is peanuts why would anyone want to know the idiots opinion?

Thu, 09/22/2011 - 21:24 | 1699559 Stax Edwards
Stax Edwards's picture

Asolutely agree.  B's beginning to feel like chump change.  T's is where its at anymore.....WTF

Thu, 09/22/2011 - 19:46 | 1699326 Hephasteus
Hephasteus's picture

How do you "reform" medicare and social security. It's a goddamn ponzi. You don't reform ponzis. You either make them or run from them when they collapse. You can't change the goddamn rules in the middle. It's a hardened goddamn criminal. Reform it my ass.

Thu, 09/22/2011 - 19:56 | 1699352 Cone of Uncertainty
Cone of Uncertainty's picture

This only underscores that years of experience doesn't mean jack fucking shit in this business.

Use your own fucking head and engage in logical thinking devoid of emotions and the bullshit and you will outperform these "negro hymn" speaking asshats hand over fist.

If you are not willing to think for yourself then you need to sit down and stfu.

 

Thu, 09/22/2011 - 20:17 | 1699401 bankruptcylawyer
bankruptcylawyer's picture

seriously there is no way to deal with people like this except burning their homes and taking everything they have from them. leave them poor. far better than jail , death, etc....

 

just take all their shit. 

Thu, 09/22/2011 - 20:52 | 1699473 tomreagan
tomreagan's picture

This might be the best post title (after Buffett Double Tap) since the month Zhedge came online:

http://www.monkeybusinessblog.com/mbb_weblog/2008/03/the-march-of-th.html

 

because Gimme the loot, and things done changed.

http://www.youtube.com/watch?v=ZzvL4O3uomg

http://youtu.be/iK0soPQXLSM

 

Thu, 09/22/2011 - 21:00 | 1699480 NuYawkFrankie
NuYawkFrankie's picture

Dunno why I thought this - maybe it was the sight of Barton Biggs' mug on that video - but anyone know whatever happened to Pee Wee Herman ?

Thu, 09/22/2011 - 21:11 | 1699518 Stax Edwards
Stax Edwards's picture

My take is the market doth protest no mas heroin.  So we find solid bottom (in the US markets, bottom is in IMO in the real US economy) and then real organic market growth returns.  Talk to some insiders, get outside of the bubble.  .GOV is getting out of the way.  No more banking on Bernanke making the calls for us.  We will be forced to find value on our own.  ETF's are muddling the picture as they take the good down with the bad, and vice versa, and personally it is a real concern.  It makes the markets FEEL broken, but truth washes out in time.  The money has to go somewhere and there are plenty of divi stocks that I am comfortable DCA'ing my way into and taking the income stream while I wait out the storm.  My basis is my basis, and it beats what .gov is selling at this point.  Yeah, it is a bitch catching a falling knife.  But the CB's have made it very uncomfortable to be anywhere else.  PM's dont produce income.  Get defensive, research balance sheets, get old school.  That is where I am.  Divi's as a percentage just keep growing as your basis falls.

Thu, 09/22/2011 - 21:12 | 1699522 haskelslocal
haskelslocal's picture

Reporter says, "Good to have you back with Matt and Myself?" Learn how to speak lady....

Thu, 09/22/2011 - 21:54 | 1699655 Hulk
Hulk's picture

I keep forgetting to take my Gingko Biloba. Im in a real conundrum...

Thu, 09/22/2011 - 22:14 | 1699709 El Hosel
El Hosel's picture

Studdering Biggs should raise more cash by selling some of those wall street cliche's he is spewing, seems to have plenty in his inventory.

      Short The  F'ing  Bounce,  Ba Ba Ba Bitches.

Thu, 09/22/2011 - 22:11 | 1699695 chindit13
chindit13's picture

Just on this front page of Zerohedge there are articles centered around two financial prognosticators.  One has a slightly better record than the other, though who has it might surprise.  One is championed, the other made the fool.

Then there is Mike Krieger, who---in my opinion---has Switzerland all wrong (I posted in that thread).

There are no heroes.

Thu, 09/22/2011 - 22:22 | 1699722 Thunder_Downunder
Thunder_Downunder's picture

holy crap.. never heard this guy speak before. People give this guy money manage?? Friggin insane...

Thu, 09/22/2011 - 22:46 | 1699769 Mugatu
Mugatu's picture

BB is such a tool!

This clueless moron has over $1 billion under control?  No wonder all these retirement funds are underperforming.

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