• Steve H. Hanke
    05/04/2016 - 08:00
    Authored by Steve H. Hanke of The Johns Hopkins University. Follow him on Twitter @Steve_Hanke. A few weeks ago, the Monetary Authority of Singapore (MAS) sprang a surprise. It announced that a...

Reason For Latest Market Rally: Morgan Stanley Leaks Own, Goldman's Numbers

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Wed, 10/05/2011 - 15:47 | 1742478 RobotTrader
RobotTrader's picture

Last 2 days' trading volume in MS the biggest in history.

Probably total about 140 million, both up days.

Wed, 10/05/2011 - 15:57 | 1742549 Pladizow
Pladizow's picture

At least this time your comments are linked to the subject matter!

Wed, 10/05/2011 - 15:59 | 1742568 ratso
ratso's picture

Gasparino = Crammer.  

Wed, 10/05/2011 - 16:24 | 1742699 Arkadaba
Arkadaba's picture

And how does that improve the American economy?

Wed, 10/05/2011 - 15:48 | 1742485 Out9922
Out9922's picture

Nancy Grace is so hot

Wed, 10/05/2011 - 16:02 | 1742582 ratso
ratso's picture

You need some rest.

Wed, 10/05/2011 - 16:25 | 1742708 rcintc
rcintc's picture

You need some glasses!

Wed, 10/05/2011 - 16:04 | 1742594 oa92000
oa92000's picture

what is wrong with you??

Wed, 10/05/2011 - 16:35 | 1742777 Messianic
Messianic's picture

+1 for humor - this needs more love

Wed, 10/05/2011 - 16:53 | 1742847 realitybiter
realitybiter's picture

you have a drinking problem

Wed, 10/05/2011 - 15:48 | 1742491 fyrebird
fyrebird's picture

"Looking good."

"Everything is solid."

I'm sitting here have a Fuld moment. Must be time to head for the hills.

Wed, 10/05/2011 - 15:54 | 1742529 TheFourthStooge-ing
TheFourthStooge-ing's picture

"Looking good."

"Everything is solid."

Tomorrow Gasparino will retract his statements: Morgan Stanley CEO was describing his bowel movements.


Wed, 10/05/2011 - 15:58 | 1742552 Pladizow
Pladizow's picture

One and the Same!

Wed, 10/05/2011 - 15:59 | 1742565 Divided States ...
Divided States of America's picture

Well of course he's going to say that? What the eff you think he's going to say? And nicely timed at 3:45 to disclose this useless piece of news. Fuck these last minute ramp jobs.

Wed, 10/05/2011 - 16:31 | 1742752 SheepDog-One
SheepDog-One's picture

I commented at market open this morning the only thing that would matter today would be the 3:45 rumor drop...like clockwork.

Wed, 10/05/2011 - 16:04 | 1742595 orangedrinkandchips
orangedrinkandchips's picture




Wed, 10/05/2011 - 16:08 | 1742608 fyrebird
fyrebird's picture

When I said I was "sitting here" I did not say where, exactly. So yeah -- let me flush this "business news"

Wed, 10/05/2011 - 16:29 | 1742735 Ancona
Ancona's picture

These banks are solid? So are my turds.

Wed, 10/05/2011 - 17:10 | 1742880 Rick64
Rick64's picture

Today’s Recipe: How to cook the books.   B=p{min[U, max(E-L,0)]}

Wed, 10/05/2011 - 15:54 | 1742495 hambone
hambone's picture


Well, that seems totally credible and unbiased and CEO's have a strong track record of speaking critically about their organizations...Guess all's well, can't wait to get me some of that MS paper!!!


Wed, 10/05/2011 - 15:59 | 1742562 Nascent_Variable
Nascent_Variable's picture

The undead, zombie market lurches forward a little longer.  Its only discernible source of energy is from the brains of self-interested rumormongers.

Wed, 10/05/2011 - 16:11 | 1742619 hambone
hambone's picture

And looky here (from MW...title 100% misrepresting Rosie!!!)


S&P 500 30% below where it should be


October 5, 2011, 1:23 PM

David Rosenberg, chief economist at Gluskin Sheff, looks at today’s ISM  numbers and sees strong parallels with 2007.

“The ISM’s non-manufacturing purchasing managers’ index came in at 53 in September _ exactly where it was in November 2007.

ISM Manufacturing was 51.6 last month – where it was in November 2007.

Recession began a month later.”

Rosenberg goes on to note that:

“The consensus on EPS is still for double digit growth through 2012, so even a mild setback would be problematic. Plus there are far fewer policy tools globally to get us out of the next recession.”

And he points out that:

“…going back 50 years, this will be the first time (most likely) that the stock market will have declined in the fabled third year of the presidential cycle. This is what so many strategists were pointing to at the state of the year. On average, the S&P 500 is up nearly 20% in those years (so adjusting for this calendar influence, the market is actually closer to being down about 30% this year).”

- Tom Bemis


Wed, 10/05/2011 - 16:14 | 1742642 SheepDog-One
SheepDog-One's picture

S&P 30% below 'where it should be', given rosiest best case scenario of some '3rd year of a president' past formulation avg which has absolutely nothing to do with conditions today. 

These people just like hearing themselves talk.

Wed, 10/05/2011 - 16:31 | 1742746 Nascent_Variable
Nascent_Variable's picture

The fact that the central planners can't keep the ponzi going even with one of its stooges needing a third year boost is very significant.  For the first time in 50 years, they're not capable of delivering even a short term jolt.

And that's with Ron Paul waiting in the wings to spoil the party for all of them.

Wed, 10/05/2011 - 23:08 | 1744065 prophet
prophet's picture


This shows you four indicators that say SPX is 20P to 40P overvalued.  So ya somewhere between 960 and 1280 give or take 20P sounds about right to me.

Wed, 10/05/2011 - 17:20 | 1742940 Mactheknife
Mactheknife's picture

>“…going back 50 years, this will be the first time (most likely) that the stock market will have declined in the fabled third year of the presidential cycle.

Ummmm.....just maybe that has something to do with the current president?  Nah...that can't be it.

Wed, 10/05/2011 - 23:11 | 1744077 prophet
prophet's picture

it has nothing to do with the president

Wed, 10/05/2011 - 15:50 | 1742496 tekhneek
Wed, 10/05/2011 - 15:53 | 1742525 tmosley
tmosley's picture

APMEX still has a few monster boxes, therefore there is no problem with supply.


Wed, 10/05/2011 - 15:59 | 1742560 HelluvaEngineer
HelluvaEngineer's picture

Only $30 /oz over spot!

Wed, 10/05/2011 - 16:10 | 1742630 kito
kito's picture

i often wonder, if the silver market is that small, and that tight, why hasnt one billionaire bought it all up, just for kicks? all i hear about is how tight the silver market is these days, yet i know people who speak with gainesville and they have as much as you need, for 4 bucks and change over spot

Wed, 10/05/2011 - 17:19 | 1742933 CH1
CH1's picture

Great question. I don't know the answer.

Wed, 10/05/2011 - 18:26 | 1743143 Quinvarius
Quinvarius's picture

Every dipshit in that market is too big to be in there.  That is why it swings all over the place.  It really is that small.  JPM has no concept of size.  That is why they get raped shorting nonstop.

Wed, 10/05/2011 - 15:49 | 1742499 buzzsaw99
buzzsaw99's picture

MS already had an attractive P/E ratio. :roll:

Wed, 10/05/2011 - 15:57 | 1742550 rocker
rocker's picture

Source: Bloomberg

What a joke. Bloomberg has a bigger bunch of dick blow hards than CNBC.

They are in competing to see who can out do who.

FOX. I guess somebody has to watch them.

Wed, 10/05/2011 - 15:59 | 1742567 Pladizow
Pladizow's picture

They're both "fluffers" sucking the markets dick before it fucks the sheeple!

Wed, 10/05/2011 - 16:10 | 1742631 fyrebird
fyrebird's picture

Ew. So many metaphors, and all of them dirty.

Wed, 10/05/2011 - 17:19 | 1742936 CH1
CH1's picture

I guess "rats leaving ship" is dirty in a way too. Ah well...

Wed, 10/05/2011 - 16:06 | 1742606 smlbizman
smlbizman's picture

bloomberg is best for the misleading incomplete crawl...but you have to mute your system.....

Wed, 10/05/2011 - 16:08 | 1742617 Ruffcut
Ruffcut's picture

Gasbag a weeno, is still a big piece of shit. Just a different channel.

"everything is OK." Just ok, you say. Okay dokie, buckwheat.

Wed, 10/05/2011 - 16:11 | 1742634 SheepDog-One
SheepDog-One's picture

Everything be OTAY!!

Wed, 10/05/2011 - 16:08 | 1742618 SheepDog-One
SheepDog-One's picture

This has to be criminal, releasing RUMORS of 'how banks are doin' without any data at all to back it up in order to drive closing ramps on stocks? This is all just a sick joke at this point.

Wed, 10/05/2011 - 16:52 | 1742838 Commander Cody
Commander Cody's picture

Its algo foreplay.

Wed, 10/05/2011 - 15:51 | 1742508 TheFourthStooge-ing
TheFourthStooge-ing's picture

...and in tomorrow's news:

Antonio Borges accepts position at Morgan Stanley.


Wed, 10/05/2011 - 15:56 | 1742547 kill switch
kill switch's picture

Are you aware of the subtlety of that remark...



Wed, 10/05/2011 - 15:51 | 1742511 rubearish10
rubearish10's picture

The power of just a few words. No facts, just words. 

Wed, 10/05/2011 - 16:16 | 1742650 fyrebird
fyrebird's picture

We are caught in a trap made of words -- just words -- and the facts when they come will not free us, but rather run us through.

Run blindly through the storm but there is no escape for beyond here there be monsters.

Wed, 10/05/2011 - 15:51 | 1742512 sheeple2012
sheeple2012's picture

Gasbagarino, isn't he buddies with Dick Grasso? he must know something we don't

Wed, 10/05/2011 - 15:52 | 1742519 GeneMarchbanks
GeneMarchbanks's picture

I'm feeling confident now. What's up with NFLX?

Wed, 10/05/2011 - 17:21 | 1742942 CH1
CH1's picture


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