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Relief rally? Yes. Significant? Possibly.
Bull market? No.
<-- Dead cat bouncing
<-- Economic utopia beginning
That hammer is definitely tempting, but without fundamentals behind it, or even a QE3 announcement for a shits-n-giggles relief rally, it will just be a dead cat bounce.
i'm not even sure the carrion that was once the dead cat has much bounce left. more at dust billowing to reveal the maggots.
A Barton Biggs Benjamin Bernanke Babbling Bubblehead Blessed Blowjob Cunning Cardhouse Donky Kong Imperial Diarrhea Relief Rally - U.S. stocks may rise 10% while USD falls 10% - so which do you take to the store in exchange for the tripple-ply you will need more badly than ever?
THE ECONOMY BUS IS DRIVING AT 90 MILES AN HOUR TOWARDS A CLIFF
ALL YOU'VE GOT IS 2.4 TRILLION IN DOLLAR BILLS!
NOW WHAT DO YOU DO!!! WHAT DO YOU DO!!!
Bribe the driver to hit the brakes?
Nop, bus drivers only accept exact change. You've only got dollar bills.
And second, you're not allowed to speak to the busdriver or step behind the white line.
So, I can't just bash in the driver's skull, throw the corpse out the door and take command myself?
Man, you are tough.
So much for plan B.
Shred it! That way it won't achieve terminal velocity.
Use the money to wipe your butt? Because you will be crapping your pants?
Oh ...by the way - its TICK TOCK not TIK TAK oh never mind you're belgium or something like that, you're excused.
How high is the cliff?
My rough calculation shows the 38% Fib retracement of the S&P puts it back at the 200 dma. I don't see the market breaking that unless they can convince everyone to keep volume at vapor level.
lock and reload
What's your take if the NFP number sucks tomorrow? Does the trap door open and we fall in (sub S&P 1250)?
There are so many mixed signals - a head and shoulders on the S&P and what if we post a negative jobs report like I am forecasting we will. Is it the bear I have been looking for?
I've gotten creamed this year on options - picking the wrong way 3 times.
This time I think I will be right. -10K NFP - unemployment 9.4%. 150K birth/dead adjustment.
You heard it here first. Flush on bitchez.
Barton Biggs must be hittin the crack. Rally. What a joke. Debt to GNP just went over 100%.
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I get it .
Your long motorcycle fairings
That's quite a chart.
It would be great to see an annotated chart of David Rosenberg's equity market calls for the past couple of years.
Absolutely, if it is also annotated with his bond and gold calls...
....and the peformance of his equities, bond, and gold calls.
and instead of having the chart start March 9th, 2009.. maybe push it out to say April 2007?
Gold, utilities and Long bonds are up a ton over the last few years, and the 3 year avg returns beat the crap out of the market..
So please - to all those who conveniently reference a March 2009 start date.. you are kindly invited to eat a giant bag of dicks.
Did that mother fucker have a stroke or what? Why the fuck can't he talk right?
Yeah...we'll be at a higher high by the end of the year but that ain't got jack shit to do with his guessing.
That's nothing but Delta Points which he can't possibly understand.
i was going to post the predictions of fellow deflationist Rob Prechters delusional inept frauds at Elliott Wave International but a photo of turds being flushed down the toilet i thought might bring the place down a bit today ...still if you're in Gold and Silver (which retard Prechter sold in 2001 - Doh! - at the start of the decade long rally coz he's got no fuking clue about precious metals prices) there's something to cheer about today
Prechter has called for super crash three years in a row. He has struck out. His call: Dow 1,000 or less. LOL
Actually, he called the rally at the end of February 2009 when everyone else was shitting their panties. He also called the 2007 top, 3 months early, true, but he was still ahead of all the linear forecasters.
He also called the end of this rally way too early, but nevertheless, he was one of the few that called the 2009 bottom. His timing has sucked on calling the bear rally top, but he's been predicting the crash that we're all looking for now since 1999. His forecast is playing out, over time, but yeah, if you listened to him at the end of 2009 you missed out on a lot of this rally. Big picture, though, he's more right than a lot of folks are giving him credit for. He was talking about Europe long before it was making headlines, along with a lot of other events that have come to pass. I like the Socionomic theory, just don't use it alone for trading.
Prechter has been wrong from 2009 and all the way into 2011 ..i was there, i got the 'Prechter is a Moron' t-shirt... it's no good cherry picking saying "Prechte was right here" ...it's the 14 months out of 15 that he gets it WRONG that makes his Elliott Wave technique a complete shambles and a danger to every unknowing or easily mis-led and conned investor... you cannot follow Prechters diabolical inaccuracy at predicting without losing vast sums of money.. his predictions month after month are shit. Period.
You drop back to the trenches by saying he's "right on the big picture" well no he's not even half right there either. He's been calling for a delfationary meltdown and we've got a very mixed bag out there. His simplistic deflationary 'black and white' Bear market has not happened for the last 4 years he's been singing like a loony for it. They may be right one day (ie. all-out deflation) but it doesn't make up for their cronic lack of reality describing the mixed full colour state we are in. Prechter is deflation-biased in the extreme to the point of delusion.
That delusion at his ability permeates his ebtire sham of an organisation. They constantly quip at other market participants being so worng all the time, quoting other people and then saying how much better they know the market. But hard stone cold truth is EW are the worst market predictors, possibly ever.
Prechter and his EW crew of cretins have been hammered by EVERY market analsys for 18 months on the trot. Wiped the floor and noses rubbed in it. The 2009-2011 whitewash fully invalidates his techniques (they make a 50/50 coin toss look like a financial genius). it is a measure of how far Prechters head is rammed up his pompous arse that he continues to peddle this failed fraud of a technique as being accurate
Prechter and Elliott Wave are a completely busted flush, 2009-2011 RIP
Why would anyone buy his Socionomic Theory. You don't need to read his crap to figure out politicians are pissing off everybody.
His crap and advise almost buried me. Watch CNBC and do just the opposite and you would be better off.
Better yet. Read Zero Hedge and get better insite of mood and markets. Pay for Prechter's Ponzi Scam. Never Again.
You can walk on water if you pay Wilder for the never published turning points which that cock sucker did.
3% real GDP growth. Man these people crack me up. Later on after we collapse further he will say....."nobody could have seen this coming"
or the overused word "unexpectadly" with every miss...
Pension funds are planning on 8%.
What could go wrong?
Wicked reversing candle a la PPT suggests a tradable rally. Investable? No.
Looks to me like Mr. Biggs is living large at a high-end assisted living facility. Do you think it is a single occupancy room, or double occupancy where Medicare pays most of the rent? If so, he better pray means testing doesn't make it through DC.
Did he really ask Maria to climb up the ladder and update the chalk on Bell Atlantic (BEL)?
Was she wearing a short skirt?
Barton doin some fartin...
Better get the Extra Large Depends out for him.
BoP: You reminded me of this one:
Q: What does Barton's apartment smell like?
That hits too close to home. When the dementia gets worse, your parental unit will punch you in the face, and tear your medicine cabinet off the wall to fight you tryin to get them in the shower to wash off the shit they've spread from the backs of their knees to their armpits.
Make sure one of you buys long term nursing insurance.
The Mexican nurse I go for my dying mother left a pig carcass in the pantry after she died. Guero Bartie, you need some south-of-the-border care?
CNBC's video player sucks. It only plays like half the time. Why can't they just use YouTube?
If the markets are down more than 30%, I will concider looking to some stocks to buy.
Untill than, P/E's can't attrackt me at all to do so.
lunatics still running the asylum
And the value of a faked Benny stock market as an indicator for the ecoomy is Mr Biggs ????
Benny is pumping the stock market as a means of "raising confidence" in the broader economy is he? Now you've let the cat out of the bag how are businessmen feeling about a faked, steroid abused centrally planned economic indicator! Are they likely to be happier or more concerned?
You just can't get the quality of moronic crones these days!
His timing is suspect. The revisiting of 2011 highs will coincide (probably to the day) with whenever the wall street bonus cutoff date is.
This CLOWN continually gets airtime, but Bill Murphy (GATA) who has gotten it RIGHT (gold/silver) for a DECADE is BANNED from CNBS.
And what does that tell you?
Short covering rally today and PPT vapors have screwed many on hump day. Could biggs be suffering dementia at the assisted living facitlity.
When you hear people who wear Depends say "The fundamentals of the economy are strong" sell every fucking thing you can sell immediately and buy gold and silver.
and he can quit that fucking tactical stuttering which has ripped my ass for 30 years, if you cant talk sit down and shut your cakehole
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