Summarizing Wall Street's Kneejerk Response To The NFP Report

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Fri, 09/02/2011 - 09:12 | 1625928 Josh Randall
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million to one shot Doc..., couldn't have seen this coming

Fri, 09/02/2011 - 09:43 | 1626117 Ancona
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Fusilli Bernanke

Fri, 09/02/2011 - 09:51 | 1626161 Pladizow
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$1 Trillion - Visualized: http://usdebt.kleptocracy.us/

Fri, 09/02/2011 - 09:52 | 1626169 wang (not verified)
wang's picture

and WSJ reports on Goldman Inst report

 

google cache of wsj article here

Goldman Takes a Dark View

A Private Note to Hedge-Fund Clients Gives a Strategist's View; Ways to Gain From Global Pain

Fri, 09/02/2011 - 09:54 | 1626174 buzzsaw99
buzzsaw99's picture

DUH. The squid wants a selloff so they can get QE. They always throw clients under the bus.

Fri, 09/02/2011 - 10:03 | 1626247 tawdzilla
tawdzilla's picture

The wizards have QE already baked into the cake...but it's really only brownies with ex-lax.  

Fri, 09/02/2011 - 09:52 | 1626170 Pool Shark
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"..but besides that Mrs. Lincoln; how did you enjoy the play?"

 

Fri, 09/02/2011 - 10:41 | 1626430 DB Cooper
DB Cooper's picture

Nothing happened here, nothing to see - move along now.

Fri, 09/02/2011 - 10:48 | 1626455 Nothing To See Here
Nothing To See Here's picture

+1

Fri, 09/02/2011 - 09:12 | 1625929 Debtless
Debtless's picture

Long green & black ink.

Fri, 09/02/2011 - 09:22 | 1626001 urbanelf
urbanelf's picture

You should probably throw red ink in there, too.

Fri, 09/02/2011 - 09:25 | 1626021 Debtless
Debtless's picture

I believe there's an abundance of red ink already up there. 

Fri, 09/02/2011 - 09:37 | 1626094 spiral_eyes
spiral_eyes's picture

employment ain't going ANYWHERE without reindustrialisation.

when will these too-big-not-to-fail abritrageurs wise up to that, take off their dinner jackets, and put on dungarees?

http://azizonomics.com/2011/09/02/reindustrialisation/ 

Fri, 09/02/2011 - 11:02 | 1626537 Bring the Gold
Bring the Gold's picture

It's so funny to me. People, usually people with some money, still seem to think that the ruling elite are interested in "fixing the economy". No, they don't give a shit about you mr. upper middle class/lower tier rich just like they don't give a shit about starving Africans. They care about power and control. They also have zero national loyalty. The only reason they are still in the US and Europe is because there is so much ossified capital there and it's more or less their fortress.

So they care about buildings and some of the infrastructure. The people, the "economy", they don't give two shits about an economy that benefits you. They care about their own personal wealth, power and privilege. The days of throwing down scraps of filet mingnon to the lower tier rich and upper middle class are over. The sooner folks get that through their head the sooner we actually have a shot at changing things for the better.

Still having loyalty to the powers that be means they will continue to treat you like a battered wife. They will slowly strip away your assets and then when you have no more power they will show you their true nature at the end of a truncheon or microwave tank. They think with technology and security forces they no longer need you as a buffer. That by the way was all you ever were to them, a buffer from the angry mob. They have a technological buffer now (or so they think) so you are obselete in your one function.

I saw you calling for Martial Law on your website, so clearly you embrace true fascism not the rule of mob anarchy you feared but real DYED IN THE WOOL Fascism. Support that shit and enjoy the late night knock on your door. Oh and quit pimping your pathetic website.

Fri, 09/02/2011 - 09:13 | 1625935 lizzy36
lizzy36's picture

Wall Street can fuck off.

They got us in to this mess.

More QE may bring them bigger and better bonuses.

But can we quit pretending it is going to help the employment rate.

Obama staffed his economics team with all the Wall Street "friendly" people. How did that turn out?

 

Fri, 09/02/2011 - 09:24 | 1626013 TruthInSunshine
TruthInSunshine's picture

More QE and Bernank's head on a pike.

More QE and former car drivers ride bikes.

Fri, 09/02/2011 - 09:24 | 1626017 LawsofPhysics
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More QE, means you will see some great carry trades in fiats such as the Ruble as the dollar gets crushed.

Fri, 09/02/2011 - 09:32 | 1626050 TruthInSunshine
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If Bubbles&BananasBernank launches anything other than Fed balance sheet bond maturity date reshuffling, and he weakens the USD, he dooms the Federal Reserve (at least in current composition) and Obama's reelection odds (some would say Obama should be PRAYING for USD strengthening now).

Even people not formerly paying attention know who The Bernank is, if even in a roundabout way. Millions in Texas would lasso The Bernank and BBQ his ass if they got the chance.

Shit's getting real, as a wise man once said.

Fri, 09/02/2011 - 09:35 | 1626086 SheepDog-One
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Praying wont do anything to strengthen the dollar. And no way is it politically viable to further trash the dollar over the next year. QE hugely unpopular with the people as well, everyone sees it as simply payoff to the ultra rich.

Fri, 09/02/2011 - 21:52 | 1628727 Carl Spackler
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Yes, they can, but Wall Street didn't get us into this mess.

GOVERNMENT got us into this mess. 

Wall Street just fed on all the carcasses created by government.  Now, they are calling fo rmore carcasses to feed on ala Bernanke's hokus pokus.

Fri, 09/02/2011 - 09:21 | 1625937 Cognitive Dissonance
Cognitive Dissonance's picture

 

Little surprise to the payroll report on Wall Street, which is now united in its call that the only option is for the Fed to do more QEn+1

Boy, that didn't take long. In fact it's right on schedule.

I can't wait until I have a port inserted into my chest. Mainlining crack fiat bitches.

http://en.wikipedia.org/wiki/Port_(medical)

Fri, 09/02/2011 - 09:23 | 1626011 Smiddywesson
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The quote doesn't say much.  Can anyone recall Wall Street ever being against QE?

Fri, 09/02/2011 - 09:37 | 1626098 SheepDog-One
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The problem now is politics takes center stage, theyre all drooling over being the first to be seen as being 'tough on rich Wall St banksters'.

QE is wildly unpopular to everyone except the ass hat beggars up above in the article.

Fri, 09/02/2011 - 09:56 | 1626194 BoNeSxxx
BoNeSxxx's picture

Agree but the pols have painted themselves into a corner and their options are severely limited.

Their box is no better than the ChairSatan's.

Do nothing, lose the election.  Do something, lose funding (and the election).

Fri, 09/02/2011 - 09:13 | 1625940 Quaderratic Probing
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Everyone who was hired because of QE please post your name below:

1

Fri, 09/02/2011 - 09:26 | 1626020 Smiddywesson
Smiddywesson's picture

Well, Southeby's stock is up, somebody must have been trickled upon.

Fri, 09/02/2011 - 09:33 | 1626074 WoodMizer
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I was laid off from a cabinetshop because QE3 hiked material costs and rent for my boss.

There were four of us before QE3; now its just my boss and his illegal immigrant brother in-law. Trying to cover 3500 sq ft of overhead.

Fri, 09/02/2011 - 09:13 | 1625944 Version 7
Version 7's picture

The DAX continues to fall apart: -3.24% at this time

Fri, 09/02/2011 - 09:14 | 1625950 djsmps
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Somebody just interviewed on CNBS said that the jobs data shows a softening of the job market, but the second half should do well. I thought we were in the second half.

Fri, 09/02/2011 - 09:18 | 1625981 oogs66
oogs66's picture

the 2nd half of the 2nd half!

Fri, 09/02/2011 - 12:45 | 1626924 andybev01
andybev01's picture

'Car Talk' and their 'third half' of the show...

Fri, 09/02/2011 - 09:20 | 1625992 nantucket
nantucket's picture

the "second half" is a magical thing that exists only in the minds of idiots.  it is as realiztic as a white unicorn that prances through fields of hopium, shits rainbow skittles, and gives free pony rides to everyone.

Fri, 09/02/2011 - 09:38 | 1626099 SheepDog-One
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Theyve been saying 'the second half' since 2009!

Fri, 09/02/2011 - 09:40 | 1626107 Cognitive Dissonance
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I always wondered where rainbow Skittles came from. Thanks.

Fri, 09/02/2011 - 10:24 | 1626352 TruthInSunshine
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Abby Joseph Cohen just said there's lots of cash in the end zone.

Did she mean sidelines?

Fri, 09/02/2011 - 14:28 | 1627167 DoneThis2Long
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Abby Joseph Cohen just said there's lots of cash in the end zone.

Wasn't Jimmy Hoffa supposed to have been 'securely' placed in the end zone ? Of the Giants' Stadium ?

She' s been wrong (at least publicly) for so long, she's an ideal contrarian indicator. She was bullish as hell @ the peak in 2k. Anymore bullish and she would have had to wear GS a cheerleader outfit and pompoms. How did that work out? She all but disappeared for a looooooong time after that fabulous call.

Fri, 09/02/2011 - 10:00 | 1626221 slyhill
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Free beer tomorrow.

Fri, 09/02/2011 - 10:16 | 1626304 unununium
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Glitch in the matrix.  They forgot to change the tape.

Fri, 09/02/2011 - 13:30 | 1627093 DoneThis2Long
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2nd half of the century - and hopefully they mean this century, which, 10% is already over !!!!

Fri, 09/02/2011 - 09:15 | 1625956 alexwest
alexwest's picture

#He hasn't done enough to try to create jobs and it's been obvious

 

are they crasy or what ?

country runs 10+ % deficit of GDP for 3 years in row.. only happened during ww2 and

 ITS NOT FUKCING ENOUGH??

 

alx

Fri, 09/02/2011 - 09:29 | 1626049 Smiddywesson
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Absolutely Alx.

Question:

Mr. President, you ran on a platform of creating jobs, and have spent trillions in that pursuit, however we have lost jobs during your presidency.  Is it your plan to spend trillions more pursuing the same policy?  What are you going to do differently this time and where is the money going to come from for you to even try? 

Fri, 09/02/2011 - 09:31 | 1626059 Smiddywesson
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Edit:  The truth is it was never about creating jobs, it was about preserving the banking system and creating votes.

Fri, 09/02/2011 - 09:56 | 1626190 FMR Bankster
FMR Bankster's picture

They will keep doing the same thing and print the money up. If not they wouldn't have appointed this a** clown Krueger as chairman of his economic advisors.

Fri, 09/02/2011 - 10:07 | 1626264 Kayman
Kayman's picture

What are you going to do differently this time - Well we tried the Hope things get better thing. Now we are going to try that change thing.

 

where is the money going to come from - well, I'll ask my Squidman Timmy

Fri, 09/02/2011 - 14:24 | 1627279 DoneThis2Long
DoneThis2Long's picture

Throwing $ @ a problem, w/o targeting it was not the answer. None of the programs had a back-stop, so the aid stayed here. Yes jobs were surely created. Just not here. Asia is not exactly suffering, Canada doing OK, Germany .... fine thank you, Brazil ... okee dokee. The US .... unless you worked @ the US Mint, running the printing presses ... punt.

Once the rates got to 4-5%, the politicians should have taken a good hard look at all those moronic deals signed & approved, whereby our markets can be, and are, wide open &  flooded with products made through subsidizing and sold in manipulated currencies, yet, our products exported to them are taxed and exposed to volumes of regulations and red-tape. we are pissing into the wind. While American intellectual properties are being bought on the open market for nickels & dimes in the form of dying corporations, Americans either are not allowed to touch shares of certain foreign countries, OR. must take on partners who own the majority. My bro-in-law tried to export a product into India .... yeah .... the tax was more than the item sold for. Good-fucking-luck, yet, they operate with impunity here and behave as if doing so is a God given right - many openly (now) even laughing at us.

Fri, 09/02/2011 - 09:17 | 1625969 John McCloy
John McCloy's picture

Fat chance with oil @ 87.00 and silver @ 43.00

  They better surround Gadaffi again every morning next week pre-market. Maybe S&P 900 will get some breathing room for QE.

Fri, 09/02/2011 - 09:40 | 1626109 SheepDog-One
SheepDog-One's picture

Oil too high, gold way too high, stocks ridiculously high, dollar far too low...100 other reasons why a diamond encrusted QE is not doable. 

Fri, 09/02/2011 - 09:45 | 1626128 Id fight Gandhi
Id fight Gandhi's picture

All true.

Obama really needs to press the jobs more, nothing else matters. No jobs and higher Dow and $5 gas won't get you reelected. Looks like qe3 is becoming less likely or a tease.

Fri, 09/02/2011 - 11:06 | 1626560 CrashisOptimistic
CrashisOptimistic's picture

Oil is $112.

Fri, 09/02/2011 - 11:27 | 1626649 ElvisDog
ElvisDog's picture

Wow, isn't that true. If I was Gadaffi, I would make my peace with Allah. He has to think that he's going to be sacrificed sometime close to next week's speech.

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