Waiting To Exhale

Tyler Durden's picture

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HedgeAccordingly's picture

and there goes the GDP... spooz and CL both dove... http://hedge.ly/u9r34N

GeneMarchbanks's picture

''We may still get a print it all rally, but I am getting more hopeful that Europe will finally do the right thing and take some near term pain to create a sustainable rally and economy. Maybe in a year they will be able to tell Geithner and Bernanke that more Lehman's not fewer a re the way to go and that manipulating the money supply and yield curve in extreme amounts does more harm than good for the economy.''

That is the most batshit paragraph of the week. The level of naivete is disconcerting.

j0nx's picture

Agreed. These sociopaths will run it straight off the cliff, kicking and screaming and insisting that everything is ok all the way down until impact. Believing they will do anything else is disingenuous to history. Once the impact happens then they will all say, "who coulda known?" and instead of the proles dragging the criminals into the streets and hanging them from the nearest street light, they will cry for a 'leader' to save them and make it all better, which leads us into a new Hitleresque fascism.

El Viejo's picture

Have you ever noticed how addicts continually lie to themselves and discount the truth?

GeneMarchbanks's picture

I recognize what you are getting at but I'm refering to something that goes deeper. Clearly there is or are people who still won't give up the illusion/hope. I'm not here to convert or impose my point of view but this type of thinking is completely foreign to my sense of happenings.

i-dog's picture

Well said. Wishin'n'Hopin' never fixed anything ... only action will.

However, the debt-based system is well beyong repair. Only a new paradigm of individual freedom based around local associations and real money will defeat the globalists.

Monarchy failed. Dictatorship failed. Communism failed. Democracy failed. Technocracy failed. It's time to finally put faith in one's own ability to manage one's own life and affairs. However, very few have the interest in doing so.

imsaul0968's picture

For those of you who invest in an IRA or for long term goals, theres a better approach than buy,hold,hope. Stocks follow the economy so analyzing the economy, specifically the factors that are "leading indicators" and having exposure to equities only when the economy is headed in the right direction and avoiding equities in favor of safe haven baskets is a much more logical approach. And missing the major drawdowns is the only way to help ensure meeting your goals.  If you are interested in investing in a portfolio that tactically invests in equity and safe haven baskets via ETF's automatically, please email me at:


and I'll add you to the weekly market commentary & portfolio update distribution list.  Its free to add you and you can follow along our model and our views.  We have been RISK-OFF since 6/30 so have missed all this wicked volatility. Currently invested in short duration treasury baskets as flight to safety drives interest in our debt. 

The Turdman's picture

So, is it as simple as no one wants to star in the upcoming movie, "The last Bagholder?"

hourglass86's picture

''but I am getting more hopeful that Europe will finally do the right thing and take some near term pain to create a sustainable rally and economy.''


Cool story bro.

centurain's picture

Best comment I have read in a long time!

SheepDog-One's picture

'But I am getting more hopeful that Europe will do the right thing and take some near term pain to create a sustainable rally and economy'

Yea sure, the maniacal world bankster smack junkies will now go do rehab and cold turkey and put down the free heroin needles 'for our good' now....riiiiiight.

FutureShock's picture

If the EU, ECB or whoever prints like a mother you know our banks were heavily exposed to bonds and CDS and we could be behind it and a crash would be too severe than governments are prepared to deal with. 

THE DORK OF CORK's picture

World trade is dysfunctional because of overvalued western currencies - if they refuse to destroy deposits they must devalue.

Heavy Industry based in Asia will then flow westwards again.

FutureShock's picture

Trading is survival get in and get out day by day which is not the way it should be. Good training for life though, life itself migh be like this. Think I will hit Sam's Club soon.

I only kill chickens and wheat's picture

And the MSM carries on also:

Fed & ECB: Stop Dithering. Do Something. - Adam Posen, New York Times

SheepDog-One's picture

PLEASE do SOMETHING! Throw us some more free crack rocks we're jonesin' out here man!!

slaughterer's picture

Now that the super committee event is over, PMs will want to make their year.  Europe will be swept off the media, and Santa rally exciters delpoyed.  With a little help from EuroRumorMill-Beta™ all will be well.  

SheepDog-One's picture

So theyll just re-deploy the unicorn farts and we'll float along sucking up the Hopium for a couple weeks...and then what?

slaughterer's picture

Rally til reality returns.  

Ragnar24's picture

Yeah, I keep hearing theses "seasonal" reasons for investing, and it makes me assume the imminent collapse is going to be far worse than what "fact-based" traders even realize.

I don't care how much a PM "needs" to make his year, he won't be able to wish a rally into existence -- widespread panic and no liquidity will decide his year for him.

...and the fact that these guys haven't already reduced their risk is what will make matters worse when they finally capitulate.

GMadScientist's picture

"Traders with one eye on European bonds prices deteriorating and the other eye watching the headlines, hoping for some positive news."

The hungry sheep look up, and are not fed,
But swoln with wind and the rank mist they draw,
Rot inwardly, and foul contagion spread ...

scratch_en_sniff's picture

Someone was soaking up lots of Euros yesterday, and a big trade went through on Euro last night on the long side, a few big ones today as well. Im beginning to suspect the IMF might be about to clear the way to start tapping the market - there were already suggestions floating around about them re-jigging they're FCL and PCL so that their allocation criteria are less rigid (i.e let IMF staff have the final say on the matter)- i just get the feeling something dumb is about to be announced.

PulauHantu29's picture

China's RE in serious trouble:

""The number of property transactions in China’s largest cities has fallen to dangerously low levels, according to regulatory documents obtained by the Financial Times.""



Makes sense one of their Ministers said they will Flood $1.7 trillion into their markets....more then 2x the last "stimulus."

Watch oil, food, PMs take off, I suspect.

Cone of Uncertainty's picture

"Realistically Europe needs to do something "big" to start a meaningful rally."

Start a meaningful rally?

Are you fucking kidding me?

There is no such rally coming today, tomorrow, next week, next month, or next year.

It's fucking over bro, 2012 will be the year that the euro dies(officially) and Europe and the rest of the world face a global depression of epic proportions.

The only business being taken care of right now, is who gets the gold and who gets elevated or demoted as part fo the power structure re-shuffling.

Everthing else is academic dokey crap, know-nothing, brain cell killing, shit talking, idiotic commentary that means diddly fucking squat.


OutsideTheBox's picture

Even if you are right and 2012 is the year the euro dies, what happens till then? A year is a long time and if you think the end game is coming in the near-term you are out of your mind. How many times have we heard that there are tools available to inflate the markets? It's going to happen!  It's not a solution to any of the problems the economy faces. It is a solution for the banks. But, nontheless,  there will be money to be made in pretty much any asset and people will jump into markets like the sheeple they are. Boom. . .. there is your rally.  After that, I agree we are probably in for some shit. 

i-dog's picture


"there will be money to be made in pretty much any asset"

... until, one day ... "aaaannd...it's gone!". The Gerald Celente trade, in a nutshell.

"probably in for some shit"

"Probably"!?! "Some"!?! You're an idiot.

terryfuckwit's picture

i think the big question is ......can the banks cover deposits??

terryfuckwit's picture

lol and it would make a lot of sense asking those aldridge prior fuck pig liars

terryfuckwit's picture

where the fuck would we be if nature wasn't so kind as to provide us with real money...