Weekly Bull/Bear Recap: September 12-16, 2011

Tyler Durden's picture

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spiral_eyes's picture

"China’s trade numbers prove that the country will continue to power the global recovery.  Surging imports signal that their economy remains resilient in the face of monetary tightening.  Even better, tightening is likely over as inflation measures peaked.  The economy is experiencing a soft-landing."

China's trade numbers prove that the country is buying up the world (especially gold) for its own interests, more like.

TradingJoe's picture

Gotta love them cooked books, eh?

spiral_eyes's picture

What's getting cooked is the Western investors investing in bullshit enterprises like Sino-Forest. I won't get into an argument about the figures, cause that ain't the point.

The Second Cold War is over. The CPC won. The West's supply chain is controlled by a gang of authoritarian communist thugs and America can't do a thing about it 'til it accepts that Chinese labour costs are anti-competitive and they need to find a way to level the playing field.. Well played Richard Nixon. Well played Henry Kissinger. Well played George W. Bush. Well played Barack Obama. You all just lost the game (ahem).


anony's picture

Well said, but there are many more at fault and at the forefront you left out Goldman Sucks.

max2205's picture

PPT has done well again. Back to buying the dips. News flow will still be bad but looks like a trending up market after a nice 5% weekly gain last week. This shit ain't easy.

Georgesblog's picture

I'd rather have lasagna, because it always tastes better and it doesn't upset my stomach as much as worthless paper. 



TradingJoe's picture

Buckle up Folks, the ride ahead is well, how shell I put it, a vomit event! The Benster has nothing, Dumbama has nothing and so on and so forth! Which leaves U(s) where? Yes, Yes! IN THE DUMPSTER!

d00daa's picture

you still hanging short?

TradingJoe's picture

One clear and loud YES! But obviously with "hedged" puts only, better safe then sorry :)))!

Georgesblog's picture

The only action left in this poker game is to bend, fold, spindle and muyilate. That must be what all these wars are for.  Commerce is a war zone. I wrote about it in "War Under Heaven: The World At Commerce".



IQ 145's picture

Words fail me. But then t hey failed the author also. A strong break of 1120 would signify "something:---yess. I firmly believe any alert and oriented middle school student could tell you tthat after a five minute course in "price charts; what they mean". There's one tiny problem, how are you going to get back to 1120? The Author has opinions. Wow.

jdelano's picture

Does anybody honestly believe that you can build entire empty cities (ordos--look it up) in the desert to trick out your GDP forever? Our subprime is gonna look like a soap bubble next to china's housing zeppelin.

Slartebartfast's picture

Anyone ever consider that the Chinese built those cities because they ARE going to use them?  What happens when the west collapses and they're left with the majority of the gold, the silver, and the productive capacity in the world?  Be a lot of rich Chinese to buy apartments in those ghost cities.

Or how about the other route?  The west collapses and takes the Chinese down with it.  Nothing left.  Everyone is broke.  All the Chinese Govt. has to do is start selling off those ghost city condo's for one renmimbi a piece.  They have the best housing and infrastructure in the world to give them a headstart on building their internal economy.  The west can go take a flying jump straight into another 500 years of dark ages for all they care.  The clock is reset back 1,500 years and China is once again a prosperous giant while we live in mud huts and till the soil with sharpened sticks.

prains's picture

They have the best housing and infrastructure in the world

only if you don't need rebar in it, then you're right but generally to keep things standing for a couple of years it kinda helps. but don't let me stop you, please book a flight on air china

and see for yourself.

Bam_Man's picture

They have the best housing

Yes, and made with the best materials too - most notably their reknowned drywall and paint.

anony's picture

That doesn't make any economic sense.  Our R.E. debacle happened because of the levered, borrowed money, MORTGAGES the payments on which could not be met, and the MBS markets which galactically magnified the underlying. It was an illusion.

If all our housing was built with cash there is no R.E. bubble at all. 

In China it's way different. The homes just remain empty. The costs of building get the money circulating into the economy to do other things that those paid will do with it.

You need to rethink the China situation. It's not great to have empty cities but it's not an ongoing money drain and there are no mortgages to worry about being paid back.  If built well and sturdy enough, the homes may one day be occupied, the homes sold to live consumers. If not, the only cost is what has already been spent.  And that isn't causing anyone any headaches.



mynhair's picture

Load of crap.  Pig Market is up just to boost bonuses.  No solution is possible.

Sure would like to know what trade that black bozo lost 2 bil on.  RIM or NFLX?

slewie the pi-rat's picture

hey myn!

i don't know

that sed, prob fx, maybe short the eureo & long the swissie when the SNB devalued the CHF for an instant tactical nuke

that seemsed to me and still does to be the 1st movement after j. hole of the central banksters'Z concerto in F

a fanfare of FED finagling followed fancifully as maestro satanicus benzelbub seemed to soak up some liquidity, possibly euros from the SNB

then the CBz tip-toed in their tutus to the tymbrals of time and the pipes of pan europa in B as sweet rivers of Bailout swapped among the gaily lilting string-pulling as the eurobanksters traded shit for shinola, augmented, diminished, unresolved thematically, but maybe musically shit with a bit of shine and the americans drew their bows above the bridges on their digital intruments pluck and plucking, stacatto then smooth, lubed and engorged a grosso modo for a finale of frenzied fiat fuking

d00daa's picture

haha love this setup, big rally into resistance everywhere, most bears demoralized and covering like crazy, huge volume on dji as all fully invested participants are ready for the next leg down, moving into bullshit like ko, gis, cl, etc.  momo "leader" stocks that have held up so far are next, tell me amzn, lulu, utla etc recent price action is nothing more than tptb setting up short... look out below...

rocker's picture

Do you really want me to believe the market is manipulated.  Or that somebody is setting up a future move.

Who owns this market?   Who makes the market.  I am told for every seller their is a buyer.


d00daa's picture

i think it's probably easier than you think to manipulate equity markets via futures, options, levered etfs etc.  especially just long enough to spark short covering rallies which algos bid up which feeds on itself...

i'm speaking from a 90% technical perspective but i think bear sentiment is down in the dumps after this rally as well.  then there's the soxx, which is supposed to lead and has everyone giddy with it's recent price action.  short interest steadily building for like a year, days to cover in the 20s and 30s for months, drops to 10 8/15.  this huge pop on volume in the soxx is a year's worth of shorts covering into fomc wed.  that's it.

i went net short into the close today.  the bernank is holding ducks.  sell wednesday.

rocker's picture

@d00daa   I like the way you think, I almost wanted to buy a stock today.  Like you, I put a small short on after hours.

anony's picture

Goldman Sucks is responsible for 50% of the trades everyday, somtimes much more.  If that isn't---if not complete control---enormous power over the market I don't know what is.

No one cares what YOU believe, personally.  But what every trader knows is the market is most definitely manipulated, and most likely controlled through the use of ETFs, particularly the doubles and triples, short and long, for the benefit of those tipped off before hand which way the flywheel is hurling the market.

You would do well to withdraw your disbeliefs, and start looking at facts--- which trump 'beliefs' .

Cdad's picture

That bull case is mighty rickety.  

  • Greece is priced in = not possible
  • BRICS are in talks = more rumors and is illogical
  • China's trade numbers = centrally planned fiction [proven by the source cited]
  • Consumer numbers held up well = lol
  • Manufacturing data has not fallen out of bed = goal seeked data selection
  • Consumer building strong foundation, delveraging/basing = missing the key fact that unemployment is worsening and real income falling.

Not sure who would think this is a compelling case, but if this is a one stop case for bullish bankers currently out on the town doing the hookers and blow thing...ummmm...you might want to get in to work early on Monday.

mit75hst80's picture


Roche Keeps Drugs From Strapped Greek Hospitals



Swiss drug giant Roche Holding AG has stopped delivering its drugs for cancer and other diseases to some state-funded hospitals in Greece that haven't paid their bills, and may take similar steps elsewhere, a stark example of how the European debt crisis that has jolted global financial markets is having a direct effect on consumers.


Kali's picture

The idea that governments will step in to save the day remains entrenched in the minds' of investors.

Until they can't.  What a dumb idea.  And what makes people think the TPTB want to save your day?

rocker's picture

So does this mean TPTB control the market and HFTs and just wanted to burn shorts ?  

anony's picture

Do chickens have beaks?

Georgesblog's picture

They certainly give me plenty to write about. It takes a miner's lamp and a gas mask to get to the bottom of this mess.


Manthong's picture

Um, How's your canary doing?

Georgesblog's picture

(( To the tune of "Pomp and Circumstance" )

My canary flies sideways

My canary flies upside down.

My canary flies backwards,

my canary is dead.

Congratulations! We are ready to go out into The Brave New Fiat World and do battle with the evil Debt Monster.



rocker's picture

@Georgesblog  Thanks for the your feed.  Good Stuff.  Like your comment here. Going back to read more.  Thanks Again. 

Georgesblog's picture

Thank you for taking some time on my posts. I'm not really that smart. I just happen to be a photographic speed reader, and I know a lot of really smart people from my work in a talk radio station. I hope something rubbed off from G. Edward Griffin, Dr. Stan Montieth, Alan Stang, Michael Corbin, John Perkins, Jill Harrison, Dr. Katherine Albrecht, Liz McIntyre, Dr. Jerome Corsi, Randy Yarbrough, John Jennings, John Ainsworth, Harmon Taylor, L. B. Bork, George Gordon, and so many program hosts and guests that I just can't pull up, right now. I got a very good education. I think of them, while I'm writing.

Robslob's picture

There is no market

There is no spoon Neo

Robslob's picture

And by the way Tyler's prediction of it taking the market to be at S&P 1000 for "the Bernank" to deploy QE3 is looking pretty shitty right now.

Hope I don't get bitch slapped for stating this.

I bought another 10oz of AGE and 100oz ASE

Georgesblog's picture

Thanks for the compliments. If anybody gets slapped for starting this mess, their names should be J. P. Morgan, Paul Warburg, J. D. Rockefeller, Andrew Carnegie, and the rest of the Jekyll Island crowd.

Taffy Lewis's picture

I don't understand the pessimism - on the 6 pm ABC News on the radio today, it started out with: "As Europe moved towards debt resolution, the Dow was up today..."

I had unicorns crapping skittles dancing in my head.


Georgesblog's picture

If we were tal;king about real money in circulation, there might be cause for optimism. Since there has been no real money in circulation since 1968, when the U.S. Treasury redeemed the last Silver Certificate, we are left sitting at the Monopoly game, reminiscing about the good old, bad old days. I have the perfect blog for you.



Orange's picture

Since when is Chinese demand good for US or European markets? The Chinese don't buy goods, they sell them to us.