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Notorious B.I.G.G.S. Flip Flops Again, Bottom-Ticks Market
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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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
"Embedding disabled by request"
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.
The best description for these buffoons is "educated stupid"
timecube, bitchez.
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!
All these Keynesians. So little sense.
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.
The quote of the day for me.
Thanks for sharing I am more equal... !
Q: What does Barton Biggs' Greenwich apartment smell like?
A: Depends...
bingo!!!
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.
Play a sad trombone for David Bianco as well.
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.
Yes and he bot the XLF at $13 chest thumping idiot...
http://swingforceultra.blogspot.com/2011/09/q-wlarry-almost-time-for-qe4.html
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.
I was happily short til I read this
My sentiments exactly. This is definitely a double-plus ungood indicator (for bears).
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.
No Barton, we're laughing AT you...
what a stuttering asshat.
Drudge might have called the bottom as well
Right.
YTD drops are terrifying BUT just look at the % stocks are up from 667
He quoted negro music?
I lol'ed heartily at this as well. WTF?
Is Bernanke deliberately trying to crash the economy?
http://azizonomics.com/2011/09/22/is-bernanke-letting-the-economy-crash/
Gee, don't you get tired of spamming in the comments of every single article?
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.
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.
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)
I thought Biggs was old and white. WTF?
Oh, he is.
And apparently he's partial to the negro spirituals. Who woulda knew?
I thought Biggs was retired or fired for being wrong so often.
Oh, I guess not........yet.
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.
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 :)))
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?
Actually tried to read his book, gave up after about 20 pages of boring drivel
http://www.youtube.com/watch?v=_JZom_gVfuw&ob=av2n
Music for the B.I.GG
http://www.youtube.com/watch?v=HSj4_8MR2lI
Puff is right BI best rapper (lyrical).
Beautiful
another senile old man that needs to retire along with:
Warren Buffett, Charlie Munger, JoPa.......
speaking of old dudes, what ever happened to Joe Granville ?
I miss Harry Browne. I liked calling his followers the Harry Browne people. It made them sound like a bunch of Rastas.
This place is just one of a kind...BY FAR the best site on the internet! TD, I tuly appreciate what you have here
"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..
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?
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?
"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.
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..
Not so much, meet the Bernank:
http://www.youtube.com/watch?v=4r7wHMg5Yjg
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.
Damn, Tyler just pwned you! Go back to your cave beotch!!!
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.
"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.
what are you talkng about? FAZ & SPXU & SDOW did great today
http://swingforceultra.blogspot.com/2011/09/q-wlarry-almost-time-for-qe4.html
Lookie here>> https://docs.google.com/spreadsheet/pub?hl=en_US&hl=en_US&key=0An-C4NLkR...
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.
LMAO, "Biblical Times". What an dink.
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.
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.
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
Well, surely the Pope's got Silvio's back, right?
This is a troubling buy signal. Just when I was sure we were heading much much lower. Darn you Notorious BIGGS!!!
A complete fool.
Cause i see somebody tonight who shud be shortin like krazy .. Baby
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
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."
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.
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.
Yeah! (in my best James Brown backup singer voice)
what he said! Killem ALL!!
Out fucking standing post
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.
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.
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!
Arbitrage opportunity?
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!
How do you escape the ennui?
The guy is clearly off his meds.
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 $.
I might be tempted to change my avatar today if I was you.
He hasn't quite got to the flame out point. Close though.
Yeah :))) Won't bother for now, doomed Dollar won't be enjoying
this rally for long.. we'll see...
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...
;-)
Open pie-hole, insert foot. lol!
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
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 ;-)
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.
:)
Gold is money, sir
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!
Hey J Dubs, can you give us periodic updates of the price and availability of diesel in Walkers, Bimini, Chub? Do U Tuna?
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
What was time, again?
http://www.youtube.com/watch?v=01XaBoavyxk&feature=related
Biggie Smalls - Ready To Die
Back at'cha: http://www.youtube.com/watch?v=Sw5oSxgHSag
Sublime - Doin' Time NOTORIOUS B.I.G. remixI had never heard that!! NICE! GRAB!!
<bow>
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?
STupac Lives!
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.
Mo money mo problems
Got my mind on my money and my money on my mind.
http://bloomberg.com/apps/data?pid=avimage&iid=iXl6JiAs1Db0 + http://www.tampabay.com/blogs/media/sites/tampabay.com.blogs.media/files/images/typepad-legacy-files/50973.6a00d83451b05569e20112797a612428a4-pi.jpg = http://farm2.static.flickr.com/1219/1287113184_7ffd7de3da_o.jpg
He quoted the Archangel Gabriel. What an asshole.
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.
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
did he call Bernanke a negro ?
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
Are you there? The big O I mean?
Yeah, "change everything so my position makes money" instead of trying to be right what's really happening.
20/20 hindsight. Always a good attribute to have ..
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!
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.
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.
Well, I guess I'm safe then. Thanks for the pick-me-up.
LOL Well done!
Seriously Frankie you are choosing Canseco as your example when you are a NYer? -1 for you
You're right Tempy! Fuggedabout Canseco! Try Reggie - that's Jackson, not MIddleton - on for size ;)
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?
You waste your time with push-ups. I'll take my .357 any day.
You waste your time with push-ups. I'll take my .357 any day.
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
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
"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.
He is bearish but still LONG! He's a damn hedge fund - he could be SHORT!!! He is awful
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.
He don't give a fuck, he's 'got his' fuck everyone else.
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!
If I thought like you, it'd scare the sh!t outta me!
weird...same exact sentence was forming as i finished out that screed.
quit stealin janus thunder, nyFrankie!
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.
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.
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
"laying low in the weeds" is a good place for him.
Wow biggie small a looks lime he smoking some good shit...hopefully wrapped in a 100 dollar greenback....
Roofleskatz
I just wanted to be here on da bigZ slide into the hospice.
What a fuxkig mope.
Tomorrow a green day again. Troubles over, apparently. No Armageddon. Boring world we live in.
You are without doubt what is know as a dickhead.
Or a Troll.
No.
Dickhead.
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.
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.
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?
Asolutely agree. B's beginning to feel like chump change. T's is where its at anymore.....WTF
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.
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.
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.
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
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 ?
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.
Reporter says, "Good to have you back with Matt and Myself?" Learn how to speak lady....
I keep forgetting to take my Gingko Biloba. Im in a real conundrum...
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.
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.
holy crap.. never heard this guy speak before. People give this guy money manage?? Friggin insane...
BB is such a tool!
This clueless moron has over $1 billion under control? No wonder all these retirement funds are underperforming.