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This Is The Way The Hopium Ends: Not With A Bang, But With The Biggest Collapse In Future Consumer Expectations... Ever

Tyler Durden's picture




 

The charts below demonstrate the 6 month change in the 6 month forward looking Consumer Confidence outlook: in other words, this chart measure just how deceived US consumers have been by hopium consumption 6 months ago compared to reality now. In short: 2011 has been the most disappointing year for Americans in history. Whether it is due to excess hopium consumption or not... well, it is not irrelevant.

 

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Tue, 08/30/2011 - 10:26 | 1614694 Central Wanker
Central Wanker's picture

Terminal velocity...

Tue, 08/30/2011 - 10:27 | 1614698 TheTmfreak
TheTmfreak's picture

This chart assumes that the next move will be waaaaaaaaaay up.

QE3?

Tue, 08/30/2011 - 10:35 | 1614752 Id fight Gandhi
Id fight Gandhi's picture

Qe3 won't help consumer confidence.

At this rate we need another flush out of jobs as companies need to preserve profit under the cover of a shitty economy. That's what I got from ben shunning qe3 last week.

Gonna get worse

Tue, 08/30/2011 - 10:48 | 1614847 the mad hatter
the mad hatter's picture

This is your brain on hopium:

http://vimeo.com/28330318

Tue, 08/30/2011 - 10:55 | 1614879 MillionDollarBonus_
MillionDollarBonus_'s picture

This is UNACCEPTALE!! I gave the red light about Dr Bernanke's newfound hawkishness, and cited the potential consquences with the help of Dr Paul Krugman and other top economists, but nobody listened. I hope you're happy now - my portfolio is well in the red and looks to stay there untill these right-wing meanies in congress and the Fed start taking advice from the professionals. Our Federal Reserve is FAILING to meet it's dual mandate for maximum employment and price stability with their indecisiveness.

Tue, 08/30/2011 - 11:33 | 1615038 pasttense
pasttense's picture

It's clear the Fed has only one mandate:

KEEP BANKSTERS RICH!!!

Tue, 08/30/2011 - 11:44 | 1615084 TheBillMan
TheBillMan's picture

Ah, the art of veiled sarcasm.  Though, you should make reference to how Ben and Timmah have to go to NY to regularly "service" the likes of Jamie and Lloyd.  It's part of their job description.  Timmah seems to like it, though I have my questions about Ben.  Ben seemed despondent during his outing at at Jackson Hole.  I'm guessing he's just not enjoying the cornholing like he used to. 

Tue, 08/30/2011 - 13:21 | 1615562 Bullionaire
Bullionaire's picture

Is "Unaccept Ale" a pale or an IPA?

 

 

Tue, 08/30/2011 - 13:14 | 1615539 mtomato2
mtomato2's picture

Why did you make me watch that?

I can't unsee it.

Tue, 08/30/2011 - 10:53 | 1614872 Sudden Debt
Sudden Debt's picture

I THINK IT WILL!

QE3 & QE 4 = PM'S TO THE MOON = ME HAPPY AND EVEN MORE CONFIDENT!

Tue, 08/30/2011 - 12:21 | 1615277 ramirez
ramirez's picture

D'accord

Tue, 08/30/2011 - 13:15 | 1615543 mtomato2
mtomato2's picture

Agreed.  Alright.

Tue, 08/30/2011 - 23:36 | 1617843 StychoKiller
StychoKiller's picture

According to a previous article on ZeroHedge, the price of gold is very well correlated to the M2 supply.  They can attempt to deny QE3, etc all they want, but M2 growth will tell everyone if QE is still going on or not.  Au/Ag/Pt/Pd/Pb -- get you some!

Tue, 08/30/2011 - 10:42 | 1614807 LawsofPhysics
LawsofPhysics's picture

That is what I m reading as well, especially if the retail trader and institutional traders are all stuck in bonds and other net negative return paper.  Lots and lots of VC money unaccounted for here guys, where is it going to go?  VC guys are always equity bulls (mainly becuase they don't stick around long nor do they give a shit about the long term fate of the company).

Tue, 08/30/2011 - 10:46 | 1614832 sunny
sunny's picture

This chart assumes that the next move will be waaaaaaaaaay up.

 

Eventually.  It's all a matter of timing.

sunny

Tue, 08/30/2011 - 11:24 | 1615013 Crisismode
Crisismode's picture

 

 

 

On a long enough timeline . . . . .

Tue, 08/30/2011 - 10:47 | 1614837 Raynja
Raynja's picture

The chart does not predict confidence will increase, rather it appears it will not decrease as fast.

Tue, 08/30/2011 - 10:58 | 1614893 UGrev
UGrev's picture

if I'm reading this correctly, it showing increases at holiday or seasonal celebratory times of the year. Which doesn't mean much since sales make people happy but the margin squeeze will be even worse than last time.. OR the sales aren't as great and confidence doesn't rise as much leaving that Waaaaaaaaaaay up more like "meh". I guess we'll see, but I expect this year to be the absolute WORST christmas time in recent history. 

Tue, 08/30/2011 - 11:17 | 1614981 LFMayor
LFMayor's picture

I think you're onto something, but I see correlations in victories.   Victory as percieved by the productive members of society.  Examples: Carter out, hostages home = big spike.  Saddam defeated (both) = spikes.  Berlin wall down = spike.  Welfare reform = spike.

To get out of this latest trough, I think we're going to have to whip somebody's ass REAL good.  I'm going to be optimistic and hope it's the parasite classes, but that's the longest of the long shots.  When that happens, best Xmas evah.  Based upon the half warm "victory" in Libya, I thnk the sheep might be waking up enough to not get all ginned up over kicking over just another tin horn dictator and blowing up some cow shit huts this next time.

Tue, 08/30/2011 - 11:32 | 1615033 Hi Ho Silver
Hi Ho Silver's picture

When the Perry drone is installed as emperor drone the consumer drones will rejoice. Victory?

Tue, 08/30/2011 - 11:51 | 1615120 LFMayor
LFMayor's picture

probability is high, but the wild card is how many are finally realizing that the game is rigged.  Enough to put an indy in office?  I doubt the system could take the strain, its limited to two pre approved choices.

If enough sleepers elect him, we might get a little breath to blow the feather back into the air.  For a little while it will stall the collapse.  The collapse will come though, and the Red Death will "hold indomitable sway over all". 

Tue, 08/30/2011 - 12:08 | 1615212 UGrev
UGrev's picture

The installation of the new drone won't be until next year. So the probability of that for this year is 0.  The diminishing returns of over-throwing old dictators is in full effect. I seriously doubt that overthrowing (if you can call it that) Qathafi is going to cause a stir.. oh wait. it really hasn't, has it? 

Tue, 08/30/2011 - 15:54 | 1616283 ZippyDooDah
ZippyDooDah's picture

Drones are all very fine, but who in the current cast of clowns will turn out to be our Emperor Palpatine?

Tue, 08/30/2011 - 10:27 | 1614700 Gene Parmesan
Gene Parmesan's picture

Now we get to see if "change" picks up where "hope" leaves off.

It's not going to be pretty.

Tue, 08/30/2011 - 10:55 | 1614875 Bring the Gold
Bring the Gold's picture

It's funny because the only "change" I've seen from Bush policies is my leftover capital each month.

Other than that things have been pretty much un"changed" in any important way. Wars still raging? Check. Invasive spying, poking and prodding of Americans? Check. Constitution used as toilet paper? Check. Uber wealthy handed more of my tax dollars whether security, military, bank bailouts or otherwise? Check.

It's a damn shame all the Repubs who supported Bush didn't complain about these policies when they completely ran the show for 4 years, but better late than never. Now if the Dumbocrat folks (people not reps) could just wean off the hopium we might be able to reform this monstrosity of an epic fail that is our government. By fail I mean of course it's failing the people, not it's puppetmaster bankers.

Tue, 08/30/2011 - 11:00 | 1614902 UGrev
UGrev's picture

It just goes to show that it's only good when "your party" is in power. Any one else getting tired of this horse shit? 

RON PAUL 2012

Tue, 08/30/2011 - 11:03 | 1614917 RSloane
RSloane's picture

Extremely.

Tue, 08/30/2011 - 11:10 | 1614957 AngelsMom
AngelsMom's picture

You have no idea how much.

Tue, 08/30/2011 - 11:14 | 1614967 DeadFred
DeadFred's picture

I'm hoping for regime change.

Tue, 08/30/2011 - 14:26 | 1615902 TheFourthStooge-ing
TheFourthStooge-ing's picture

If only we hadn't exported all of our freedom to Iraq, Afghanistan, Libya...

 

Tue, 08/30/2011 - 11:40 | 1615064 Vendetta
Vendetta's picture

The completely interchangeable parts of the same corrupt political machine

Tue, 08/30/2011 - 12:18 | 1615258 slaughterer
slaughterer's picture

Wait until the November Super-Committee fiasco.  It will only get worse. 

Tue, 08/30/2011 - 13:05 | 1615514 UGrev
UGrev's picture

That shit is right up there with the Patriot Act. Nothing like having the high probability of your representative not having the op to represent your district. Furthermore.. they cherry picked those mother fuckers (as far I know) to NOT have any Tea Party reps. 

Tue, 08/30/2011 - 11:48 | 1615108 Ruffcut
Ruffcut's picture

My party, the toga party, is the only one that is real anywho.

District of criminals, has no true party lines, except fucked and fuckter.

Tue, 08/30/2011 - 13:25 | 1615579 Flocking swans
Flocking swans's picture

Long time lurker first time poster:

The obama Hopium no longer gets the masses high. It does not matter if you smoke it, snort it, or mainline it, the high just feels like the status quo.....But cheer up....there is a new more powerful DOPE on the street! Its the new and improved hopium...thats right...ron paul Hopium is the shit! One hit and you will believe a 80 year old twerp from fucking texas will solve all ur problems! Not only will all problems be solved, but all the wars will be ended, the troops all over the world will come home, the drug war will be ended, and he will shut down the fed too!

If you believe this man is electable, keep smoking the hope. If you believe this man will end the fed, the wars, the drug war....then snort more hope. If you believe any of our problems can be solved thru electoral politics then roll up ur sleave and shoot some more hope.

Tue, 08/30/2011 - 11:15 | 1614972 Diogenes
Diogenes's picture

You forgot, Obama gave you free medical insurance. At least, he is charging you for it. The actual insurance will come along in 3 or 4 years.

Tue, 08/30/2011 - 13:01 | 1615498 Plata con Carne
Plata con Carne's picture

I just saw a survey that said 1 in 4 Democrats are screaming for someone to challenge Obummer.  Mike Gravel said if he could get $1M in donations, he'd give it a try. We'll see.  But I just don't see a lot of D's & I's crossing over for a Romney, Perry or Bachmann. They'll stick with Obummer before they vote for some corrupt theocrat neo-cons.

They will cross-over for Ron Paul though, and many are.  An article on 7/7/11 by a British ex-pat named Robin Koerner in the HuffPo started something. He entreated anti-war, disenchanted Dems & Inds to go "Blue Republican" just for a year.  Someone ran with the idea and moniker - slapped up a Facebook page, kick-ass t-shirts, yard signs, slim jims, and they've got 4,000 members and growing.  The article's been shared over 14K times. Koerner's been on TV, radio, and is fixing to go on a speaking tour. Ron Paul could win this. 

Tue, 08/30/2011 - 14:32 | 1615944 Stuck on Zero
Stuck on Zero's picture

Ron Paul will never get a Democratic vote as long as he runs as a Republican.  If he loses the nomination he MUST run as an Independent candidate.  The we could call him President.

Tue, 08/30/2011 - 14:21 | 1615873 TheFourthStooge-ing
TheFourthStooge-ing's picture

Other than that things have been pretty much un"changed" in any important way. Wars still raging? Check. Invasive spying, poking and prodding of Americans? Check. Constitution used as toilet paper? Check. Uber wealthy handed more of my tax dollars whether security, military, bank bailouts or otherwise? Check.

Equivalent of third term for George W. Bush? Check.

 

Tue, 08/30/2011 - 10:27 | 1614701 B-rock
B-rock's picture

It doesn't seem to matter.... 

Tue, 08/30/2011 - 10:36 | 1614762 rocker
rocker's picture

Did you buy the dip, the market sank for a whole 5 minutes.  This is extremely bullish.  (sac)

Tue, 08/30/2011 - 11:11 | 1614959 --Freedom--
--Freedom--'s picture

Markets now higher than when this number was announced. Wtf?

Tue, 08/30/2011 - 11:22 | 1615004 EscapeKey
EscapeKey's picture

Of course not. The DJIA holds up on QE3 expectations, but when the QE3 isn't announced, the points aren't shed again.

Phony markets R us.

Tue, 08/30/2011 - 10:28 | 1614706 Caviar Emptor
Caviar Emptor's picture

Yup! Lookin at it 3+ years into The Greater Depression the past sux, the present sux AND the future sux!

Hat trick!

Tue, 08/30/2011 - 10:36 | 1614753 slyhill
slyhill's picture

Aah poo! Reduce your exposure, eat some fish eggs, enjoy the ride.

Tue, 08/30/2011 - 10:28 | 1614707 nobusiness
nobusiness's picture

When on Hopium bad news is good news.  QE3 ramp continue after this brief intermission.

Tue, 08/30/2011 - 10:41 | 1614798 Assetman
Assetman's picture

Of course, previous experieince tells us that QE 3 will benefit about 10% of the population in the form of paper-based capital gains... before it quickly fades.

On the other hand, we all get to guess where the next 3rd world revolution will occur as inflation in the basic necessities of life will come back with a vengance.

In the meantime, things still cost more... but my wages... they don't go up.

 

Tue, 08/30/2011 - 11:57 | 1615151 Ruffcut
Ruffcut's picture

When trying hopium, I smoked it, snorted it and injected it.

Nothing worked, until I used as an enema. It flushed me out, but good. Now I can't make it stop. BEnny suggusts using his biggest and last tool to plug the flow. But, that has never worked in the past. Doctors no longer recommend QE3 for anal leakage.

Tue, 08/30/2011 - 10:28 | 1614709 Racer
Racer's picture

And watch the 'market' go green on such brilliantly bad news

Tue, 08/30/2011 - 10:32 | 1614737 infiniti
infiniti's picture

Haven't done the analysis yet, but I bet that such large declines into sub-50 territory are associated with abnormally large future gains in stocks.

Tue, 08/30/2011 - 10:30 | 1614716 Racer
Racer's picture

All all the Fed's meddling got this? And they want to meddle even more?

 

Riots and revolution cometh

Tue, 08/30/2011 - 10:35 | 1614749 Dr. Engali
Dr. Engali's picture

Riots and revolution cometh

 

I think they want that. I really think that is part of the plan. They can't really believe that if they keep the stock market up then people will feel better. Surely they aren't that stupid.

Tue, 08/30/2011 - 10:39 | 1614782 LawsofPhysics
LawsofPhysics's picture

I agree, those who don't feel better about the market melt up will be encouraged to pour into the streets and self identify for future termination.

Tue, 08/30/2011 - 10:44 | 1614818 Yardstick of Ci...
Yardstick of Civilization's picture

No one with influence is rioting or rebelling as long as 401(k)s and social security are intact.  It will take threatening the wealth of an influential leader before we are led to fight, unless TD is donning battle gear . . . I'd follow him in Maltovcocktailville (tm)--suck on the that Buffett (Jimmy and Warren)!

Tue, 08/30/2011 - 11:22 | 1615003 Temporalist
Temporalist's picture

Don't forget that the youth don't have 401ks or SS or "wealth" and are in debt without jobs.

Tue, 08/30/2011 - 12:32 | 1615340 GhostfaceCracka
GhostfaceCracka's picture

As long as they have video games and their parents will subsidize their living costs, they won't do shit. They don't even have the energy to get off the couch.

Tue, 08/30/2011 - 12:19 | 1615264 slaughterer
slaughterer's picture

Yardstick of civilization: congratulations on the avatar and the user name--a fully realized concept. 

Tue, 08/30/2011 - 17:54 | 1616725 Yardstick of Ci...
Yardstick of Civilization's picture

Thanks brother.

Tue, 08/30/2011 - 10:51 | 1614864 dwdollar
dwdollar's picture

I'm not sure.  They really could be that stupid.  History tells us the same mistakes are made over and over again.  Every generation thinks their smarter than the last.  With Baby Boomers, this is more so.

However, I still don't ignore the possibility of a larger plan at work.

Tue, 08/30/2011 - 11:18 | 1614982 Hurdy Gurdy Man
Hurdy Gurdy Man's picture

we don't repeat our parent's mistakes: we repeat our grandparents' mistakes

Tue, 08/30/2011 - 10:33 | 1614724 The Limerick King
The Limerick King's picture

 

 

Oh why did I buy into hope?

I guess that it helped me to cope

Even though I'm depressed

I still should have guessed

I was just being played for a dope

Tue, 08/30/2011 - 10:42 | 1614808 Central Wanker
Central Wanker's picture

Poetry at its best

... and then some:

http://www.youtube.com/watch?v=-gb0mxcpPOU

Tue, 08/30/2011 - 11:16 | 1614976 nodhannum
nodhannum's picture

Great!  Just great!  Thanks for the limericks.

Tue, 08/30/2011 - 11:27 | 1615025 Temporalist
Temporalist's picture

There once was a man named Bernanke

Who led economic hanky panky

The markets collapsed

Though more QEs passed

And he still asked "Who's going to thank me?"

Tue, 08/30/2011 - 10:31 | 1614726 stormsailor
stormsailor's picture

after the /es reacted to the consumer confidence print.  it has now "floated" up more than half of the loss, on decreasing non-existent volume.

if there were actual investors in this market, they would sell hell out of the no volume float. ps,  i'm aware  that some of the float up is shorts cashing out.

Tue, 08/30/2011 - 10:32 | 1614734 New Revenue
New Revenue's picture

Ah...what's the worrry...this is all "transitory" anyhow!

Tue, 08/30/2011 - 13:32 | 1615610 andybev01
andybev01's picture

On a long enough timeline, etc.

Tue, 08/30/2011 - 10:32 | 1614735 mess nonster
mess nonster's picture

Looks like manic-depression to me. QE3 means lithium for everyone!

Tue, 08/30/2011 - 10:32 | 1614736 nobusiness
nobusiness's picture

Hey look low volume.  What happens on low volume days at the end of a month?  All together now, "Machines Ramp Stocks Up"

Tue, 08/30/2011 - 10:33 | 1614741 traditionalfunds
traditionalfunds's picture

It just doesn't matter!

Repeat.

Tue, 08/30/2011 - 10:38 | 1614779 ElvisDog
ElvisDog's picture

I disagree. I think forward expectations does matter to things like new car sales and, more importantly, housing. If people are anxious and depressed about their future prospects it seems likely they will postpone big purchases in the immediate future. It's the opposite of "animal spirits".

Tue, 08/30/2011 - 11:00 | 1614904 traditionalfunds
traditionalfunds's picture

Sorry old Bill Murray reference. Sarcasm. Your assessment is on point. 

see: http://tinyurl.com/4mttgmq

 

 

Tue, 08/30/2011 - 10:33 | 1614742 Josh Randall
Josh Randall's picture

Financial Collapse ? Dude - Labor Day weekend is upon us - time to get naked and hit the River! PARTY, PARTY!

Tue, 08/30/2011 - 10:34 | 1614745 scatterbrains
scatterbrains's picture

Wall st. needs bad confidence and Oblamo needs good confidence.. interesting dynamic. At this point I suspect another round of printing will only make peoples confidence in this shit show worse.

Tue, 08/30/2011 - 10:35 | 1614750 RobotTrader
RobotTrader's picture

 

 

So what happens to the S & P 500 when things actually get better?

EUR still up on the day.

AUD still up on the day.

And its "End of Month Markup"

Wouldn't want to be short right now.

Tue, 08/30/2011 - 10:38 | 1614778 Id fight Gandhi
Id fight Gandhi's picture

NASDAQ up like 9.3% in week? My guess it at will be halved before the end of THIS week.

Tue, 08/30/2011 - 10:44 | 1614817 CrashisOptimistic
CrashisOptimistic's picture

The Euro is down sharply on the day.

Which is why equities are.

Tue, 08/30/2011 - 10:45 | 1614823 slaughterer
slaughterer's picture

The conservative ES target for EOD/EOM tomorrow at 4pm is 1227.   

Tue, 08/30/2011 - 10:46 | 1614831 Yardstick of Ci...
Yardstick of Civilization's picture

To the moon, Alice . . . way Beyond Thunderdome.  To infinity, actually!  Yes, Goldman and the Fed discovered infinity!

Tue, 08/30/2011 - 10:56 | 1614885 SheepDog-One
SheepDog-One's picture

Its not getting better Robo, thats the huge puzzle piece you ust cant see. What do you expect, pink unicorns to appear suddenly over glitter rainbows? 

'Wouldnt want to be short right now'....well retardo thats what you said at 12,700 recently so your opinion is worthless.

Tue, 08/30/2011 - 11:18 | 1614988 Robslob
Robslob's picture

Probably because you have been long since Dow 12,700 Robo...

Tue, 08/30/2011 - 10:35 | 1614751 nobusiness
nobusiness's picture

We are now higher than before consumer confidence.  Well done machines. Well Done.  another $100 million day for Goldman

Tue, 08/30/2011 - 10:36 | 1614755 The Axe
The Axe's picture

contra move....consumers spend then say they didn't...  

Tue, 08/30/2011 - 10:36 | 1614756 Ms. Erable
Ms. Erable's picture

'Consumer' CONfidence? looks like more people are tiring of the con game. For the unaware trolls:

The confidence trick is also known as a con game, con, scam, grift, hustle, bunko, swindle, flim flam, gaffle or bamboozle. The intended victim(s) are known as marks. The perpetrator of a confidence trick is often referred to as a confidence man/woman, con man/woman, con artist or grifter. When accomplices are employed, they are known as shills.

http://en.wikipedia.org/wiki/Confidence_trick

Tue, 08/30/2011 - 10:37 | 1614764 moldygoat
moldygoat's picture

Nasdaq green in 10 minutes.....go

Tue, 08/30/2011 - 10:49 | 1614854 Gandalf6900
Gandalf6900's picture

Me no think so, let Europe close

Tue, 08/30/2011 - 11:51 | 1615119 moldygoat
moldygoat's picture

good call, my time zone skills are crap, but it did go green.

Why wont anyone other than Steve Liesman give the Bernank the credit he deserves, the market is up after his brilliant Jackson Hole speech.

We are all gonna be just fine cause we have THE expert on the great depression to save us.

Shitty thing is I am short.

Tue, 08/30/2011 - 10:37 | 1614767 RobotTrader
RobotTrader's picture

Pulte Homes up 9%

Homebuilders led the recent decline, now they are leading the rebound.

Tue, 08/30/2011 - 10:40 | 1614788 Id fight Gandhi
Id fight Gandhi's picture

It's also a penny stock, who cares? Do they even build anymore or just play accounting games w tax credits

Tue, 08/30/2011 - 10:57 | 1614890 SheepDog-One
SheepDog-One's picture

Robos penny stock is up, yippee.

Tue, 08/30/2011 - 11:08 | 1614949 Flakmeister
Flakmeister's picture

I'll see your Pulte and raise you ANX.TO

 

Tue, 08/30/2011 - 14:29 | 1615924 TheFourthStooge-ing
TheFourthStooge-ing's picture

Pulte Homes up 9%

Homebuilders led the recent decline, now they are leading the rebound.

So you're long Countrywide?

 

Tue, 08/30/2011 - 10:37 | 1614768 Oh regional Indian
Oh regional Indian's picture

Will this make the average consumer wake up? Hardly. 

The opium is flowing from TV. Where once there was boxing, then WWE, now UFC.

Bread and circuses with a healthy dollop of blood (at least someone is suffering) and HD will ensure the masses stay complicit, compliant and docile.

moo!

V

http://aadivaahan.wordpress.com/2011/08/30/humor-me/

Tue, 08/30/2011 - 10:37 | 1614769 Dr. Engali
Dr. Engali's picture

This market is so fucked that if they dropped a nuke on New York it would rally. It would probably be read as stimulative.

Tue, 08/30/2011 - 10:51 | 1614862 KenShabby
KenShabby's picture

Then it will be judged to not have been as bad as expected, ala Irene, and then they'll jack the mothrfucker up on that for good measure.

 

Tue, 08/30/2011 - 10:37 | 1614770 ZakuKommander
ZakuKommander's picture

Trailing indicator.  It's down because of the market plunge and the disgust with all things political, in the wake of the debt ceiling charade.  

If someone/something gooses the markets, it will reverse.   

Tue, 08/30/2011 - 10:43 | 1614809 ElvisDog
ElvisDog's picture

I agree that it's partly in response to the debt ceiling conflict, but not for the reasons you imply. It wasn't the debt ceiling debate per se, but rather that the can was kicked down the road once again. I think it is settling into the collective consciousness that our current system is unsustainable and that our political leaders will do nothing to change course until the whole thing collapses. That (in my opinion) is what is driving the depression in confidence.

Tue, 08/30/2011 - 11:02 | 1614895 Shell Game
Shell Game's picture

The market will be gooseable, until it isn't.  Remember, your trailing indicator this, leading indicator that, are merely movements of a Ponzi scheme.  Physical gold is the only leading indicator that matters when the 'shell game' ends..

Tue, 08/30/2011 - 10:39 | 1614780 Dick Darlington
Dick Darlington's picture

So i guess this means Russell 2000 will rise 5% also today.

Tue, 08/30/2011 - 10:39 | 1614784 aerojet
aerojet's picture

Too many aging Boomer Doomers skewing the numbers...

Tue, 08/30/2011 - 10:56 | 1614887 kumquatsunite
kumquatsunite's picture

ah, have you not seen the numbers? all those american kids who waited until their late twenties/early thirties to have children are starting to have them...the new baby boom has begun...the demographers wring their hands about the lack of births but they ignore that babies are not a straight line up but more like those bumps in a snake...on and off, off and on....this is why when they talk about declining birth rates they are wrong....this is the first time in history that people have waited so long to have children; longer educational times, women working, and self-indulgence all added up to delay in having children. however, we are clearly on path for a big baby boom...invest now!

Tue, 08/30/2011 - 11:24 | 1615019 LFMayor
LFMayor's picture

Too bad they're all still unemployed, 9th year, 2nd masters seeking "students" living with their fucking hippy boomer parents.  You know the parents, the ones that insisted that their own kids call them by their first names instead of Mom or Dad.

Start eyeballing nursing homes in Botswana, that's what will be affordable before the peter pan generations start contributing.

Tue, 08/30/2011 - 11:34 | 1615046 Almost Solvent
Almost Solvent's picture

Another Boomer generation?

The Ponzi can reboot!

Tue, 08/30/2011 - 12:51 | 1615434 RKDS
RKDS's picture

You are such a moron.  Do you think so many kids would be living at home or in school for another worthless overpriced Master's if there were fucking jobs for them?  Dur hur, guess you didn't think about the long-term consequences when your snout was deep in short-term gain.

Tue, 08/30/2011 - 10:44 | 1614799 TradingJoe
TradingJoe's picture

Have a very strange feeling in my gut, this is not good at all, machines do what they are programmed to do, I sense programmers have no clue anymore then I or you have!

My GUESS is that we'll have a massive selloff before any QE or somethign else will hit the "markets"! Very confusing out there right now, am more afraid of an idiot with a plan then a genius without one!

Algos need to pull in the bonuses, after that, I don't know...!

And...Gold is $42 and change, USD is...74 and change?!?! Strange times will bear strange outcomes!

Tue, 08/30/2011 - 10:48 | 1614844 Yardstick of Ci...
Yardstick of Civilization's picture

The algos are actually just programmed to make sure Goldman and Wall Street get their bonuses.  They have free reign over the universe and many tools at their disposal.  The stock market happens to be the easy kill at this point.  Soon, Terminators.

Tue, 08/30/2011 - 10:52 | 1614869 KenShabby
KenShabby's picture

Pleeeeeze. THEY know what they are doing.

Tue, 08/30/2011 - 12:52 | 1615448 RSloane
RSloane's picture

Indeed. Strange is the operative word.

Tue, 08/30/2011 - 10:42 | 1614803 Irish66
Irish66's picture

Who is going to address Irene and no flood insurance?

What are all theses people going to do?

Tue, 08/30/2011 - 10:45 | 1614826 CrashisOptimistic
CrashisOptimistic's picture

Give their houses back to the banks.  So what?

Tue, 08/30/2011 - 10:53 | 1614874 SeverinSlade
SeverinSlade's picture

Didn't you hear?  Hurricanes are good for the economy.  Forget the billions in losses.  All those wrecked houses mean people have to spend money! 

Tue, 08/30/2011 - 10:56 | 1614881 Irish66
Irish66's picture

They spent 15 billion on credit cards already.  Credit is maxed out.  I'm sorry but this

is the big story and the states aren'y helping them.

Tue, 08/30/2011 - 10:46 | 1614835 kahunabear
kahunabear's picture

Overthrow the Fed!

Tue, 08/30/2011 - 11:18 | 1614983 Problem Is
Problem Is's picture

MEMO: NSA Google Data Mining Operation

TO: FBI/DOJ

SUBJECT: Domestic Terrorism

Another batch of Zero Hedge commenters reaffirming our statistical data analysis of the domestic terror linguistic trend amongst this blogger segment of society.

Request maintaining this group on Terror Watch List and No Fly List. TSA Grope-a-Dope at your discretion.

Regards, Surveillance Division, NSA.

Tue, 08/30/2011 - 12:24 | 1615295 slaughterer
slaughterer's picture

FBI/DOJ has us all tagged and grounded. 

Tue, 08/30/2011 - 10:48 | 1614842 Gandalf6900
Gandalf6900's picture

Uber Bearishness...watch out for the good old switcharooooo!!!

BULL Bitchez

Tue, 08/30/2011 - 10:48 | 1614843 RobotTrader
RobotTrader's picture

QQQ and XRT are still outperforming the SPY, confirming the bullish bias at the moment.

http://www.wallstreetbear.com/board/view.php?topic=86569&post=310776

Tue, 08/30/2011 - 11:12 | 1614961 scatterbrains
scatterbrains's picture

actually it indicates the weak shorts are bailing to me.

Tue, 08/30/2011 - 10:49 | 1614848 cowdiddly
cowdiddly's picture

Real World Economic Indicators: The Coffee index. I bought two cans of coffee from a man who had a whole pallet for sale on the side of the road,he had bought on his SNAP CARD. He was selling them for 8 bucks a can cash no questions asked. Never underestimate the American spirit of resourcefulness. 

Tue, 08/30/2011 - 11:04 | 1614926 IgnisFatuus
IgnisFatuus's picture

The Safeway just down the street is currently selling the large can of Folgers Breakfast Blend for $6, no questions asked and I can use my debit card  :)

Tue, 08/30/2011 - 11:10 | 1614955 Problem Is
Problem Is's picture

Folgers...
Burnt sawdust in a can is the key to cheap inputs and lower prices...

Tue, 08/30/2011 - 11:38 | 1615058 Almost Solvent
Almost Solvent's picture

If one is not grinding his or her own beans and using a french press, then one is not enjoying good coffee.

 

The K-Cups come close, but anything else pre-ground is nasty.

 

.02$

Tue, 08/30/2011 - 12:21 | 1615269 Problem Is
Problem Is's picture

+1 for .02$

Yeah but we can make $6 a can counterfeiting Folgers with, with... burnt sawdust!

Burnt sawdust, man...

Tue, 08/30/2011 - 10:49 | 1614849 vast-dom
vast-dom's picture

And yet markets have not fallen much. And this against yesterday's volumeless faux rally!

 

WTF is going on?!?!?!?!

Tue, 08/30/2011 - 10:56 | 1614886 anynonmous
anynonmous's picture

WTF is going on you ask.

Michael Vick is about to sign a $100 million contract, that's WTF is going on.

http://philly.sbnation.com/philadelphia-eagles/2011/8/30/2393263/was-mic...

 

From Dog fighting impresario  to   hero

 

only in America

Tue, 08/30/2011 - 11:12 | 1614960 vast-dom
vast-dom's picture

i can't even pretend an interest. 

Tue, 08/30/2011 - 13:42 | 1615662 andybev01
andybev01's picture

I'd watch if it was going to be Vick vs. 4 pissed off pit bulls instead of football.

Tue, 08/30/2011 - 11:48 | 1615106 hungarianboy
hungarianboy's picture

WTF going on? W T F GOING ON?!?!?!?!!!!

Well, looks like no sellers. that's the reason of the ramp up on low volume?

Tue, 08/30/2011 - 12:26 | 1615306 slaughterer
slaughterer's picture

Wait until 2:00pm FOMC minutes: the OT leak will have us on the way to a good 1% gain. 

Tue, 08/30/2011 - 10:49 | 1614850 AllAboutTheBenjamins
AllAboutTheBenjamins's picture

Naw brah, just gotta get me to print a few more tril, it'll all be good. Trust me, this time it will be different.

Tue, 08/30/2011 - 10:55 | 1614851 ZeroPoint
ZeroPoint's picture

Borg Queen to Jean-Luc Picard: "Watch your futures end...."

Tue, 08/30/2011 - 10:51 | 1614861 Shell Game
Shell Game's picture

Tyler, it's at this point that you can now tell the world, "I told you so..."

Tue, 08/30/2011 - 11:07 | 1614947 RSloane
RSloane's picture

Oh hell yes he can.

Tue, 08/30/2011 - 13:11 | 1615529 AustriAnnie
AustriAnnie's picture

That moment came years ago and they still won't listen. Trolls, the lot of them!

Tue, 08/30/2011 - 10:52 | 1614868 Phillips Capital
Phillips Capital's picture

REALITY METATAG BITCHEZ! 

Tue, 08/30/2011 - 11:03 | 1614918 reader2010
reader2010's picture

Bernanke won't drop any money on Main Street even though he's been dumping trillions on Wall Street. What do you expect?

Tue, 08/30/2011 - 11:04 | 1614920 Downtoolong
Downtoolong's picture

God damned hopium. Just like crack. The dealers start out giving it to you for free. Then once you’re hooked they start jacking up the price.

Tue, 08/30/2011 - 11:07 | 1614929 Problem Is
Problem Is's picture

CREEP -- Committee to RE-Elect the President
Now if I were a "brilliant" politician... that would be change I could run on in 2012...

Fire up that teleprompter... Obama Bin Lyin' is on a roll...

Tue, 08/30/2011 - 11:20 | 1614996 sbenard
sbenard's picture

Obviously (tongue-in-cheek), just looking at the stock market this morning, consumers are irrelevant! We have Fed PRINTED prosperity now!

Tue, 08/30/2011 - 11:35 | 1615049 somethingelse
somethingelse's picture

seems like there's a catch-22 going on with the markets...with each additional puzzle piece of bad news indicating recession the market takes it as indication that QE3 is more and more a sure thing...so the market goes up....Bernanke sees the market going up....therefore no need to actually do QE3....how long is this going to work?

Tue, 08/30/2011 - 11:46 | 1615077 ATG
ATG's picture

I've been registered with ZH 1 year 38 weeks and reading since before March 2009.

Perhaps my memory is faulty, but hasn't SPX doubled since March 2009, while ZH continued to post permabearish points?

Just curious

And please correct me if I am wrong, but haven't previous lows in consumer sentiment been buying ops?

Just sayin'

Tue, 08/30/2011 - 11:47 | 1615103 Tyler Durden
Tyler Durden's picture

Your memory fails to remind you that when priced in non dilutable currencies (such as gold), the value of your SPX investment has declined since 2009, and hence the purchasing power of your investment, and your overall wealth has declined.

Tue, 08/30/2011 - 12:01 | 1615180 ATG
ATG's picture

(Gold doubled too for an SPX/Gold standoff)

And AAPL, NFLX, PCLN et al went up five to ten times

Tue, 08/30/2011 - 12:28 | 1615318 Tyler Durden
Tyler Durden's picture

And how about the other 90% of the stock market that did not even double?

Tue, 08/30/2011 - 14:33 | 1615927 ATG
ATG's picture

Too bad Joe

For some people the glass is always half empty

Tue, 08/30/2011 - 14:45 | 1616001 TheFourthStooge-ing
TheFourthStooge-ing's picture

(Gold doubled too for an SPX/Gold standoff)

And AAPL, NFLX, PCLN et al went up five to ten times

You can hold the gold you own in your hand. Any AAPL, NFLX, and PCLN you think you own is being held for your "benefit" by Cede & Co.

As long as things hold together, you'll be fine. In a SHTF scenario, though, I can't imagine Cede & Co. taking the effort to get your stock certificates to you. If they do, even if by pack mule or pony express, I'll eat my gold.

 

Sun, 09/11/2011 - 15:02 | 1656898 ATG
ATG's picture

Good point

And gold can be stolen

Tue, 08/30/2011 - 12:37 | 1615247 The Limerick King
The Limerick King's picture

 

 

No one should mess with Ty D.

A man who helped set the slaves free

You question his wits

He'll cut you to bits

Made a fool for the whole world to see

Tue, 08/30/2011 - 11:45 | 1615086 hungarianboy
hungarianboy's picture

When can we get a worldwide ban on HFT? Man this market sucks again.

Tue, 08/30/2011 - 11:45 | 1615092 search
search's picture

Algos are written by people who work with technical analysis, my gut says the algos will buy any dip before a kiss of the 200 day moving average. Bernank knows all the authors, but he must know now that the consumer, even after 6 months of fairy dollars, isn't buying his shit.

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