"Yes, VIRGINIA, There Is A Santa Claus"

Tyler Durden's picture

With many thanks to Art Cashin, whose note this morning reminds us of today's bipolar shift in the market attitude. Of course, if said "Yes, Virginia" letter was written today, it would come from a desperate hedge fund manager seeing fax after fax of inbound redemption notices, and the New York Sun's response would even be able to give the name of the appropriate individuals in the Santa Claus Central Planning administration.

From UBS' Art Cashin:

A Needed Seasonal Note - As we all hopefully recall, young Virginia O’Hanlon wrote to the New York Sun in 1897 to inquire if there really was a Santa Claus. Herewith - the letter and response.

 

DEAR EDITOR: I am 8 years old. Some of my little friends say there is no Santa Claus. Papa says, 'If you see it in THE SUN it's so.' Please tell me the truth; is there a Santa Claus?

 

VIRGINIA O'HANLON.
115 WEST NINETY-FIFTH STREET

 

VIRGINIA, your little friends are wrong. They have been affected by the skepticism of a skeptical age. They do not believe except [what] they see. They think that nothing can be which is not comprehensible by their little minds. All minds, Virginia, whether they be men's or children's, are little. In this great universe of ours man is a mere insect, an ant, in his intellect, as compared with the boundless world about him, as measured by the intelligence capable of grasping the whole of truth and knowledge.

 

Yes, VIRGINIA, there is a Santa Claus. He exists as certainly as love and generosity and devotion exist, and you know that they abound and give to your life its highest beauty and joy. Alas! how dreary would be the world if there were no Santa Claus. It would be as dreary as if there were no VIRGINIAS. There would be no childlike faith then, no poetry, no romance to make tolerable this existence. We should have no enjoyment, except in sense and sight. The eternal light with which childhood fills the world would be extinguished.

 

Not believe in Santa Claus! You might as well not believe in fairies! You might get your papa to hire men to watch in all the chimneys on Christmas Eve to catch Santa Claus, but even if they did not see Santa Claus coming down, what would that prove? Nobody sees Santa Claus, but that is no sign that there is no Santa Claus. The most real things in the world are those that neither children nor men can see. Did you ever see fairies dancing on the lawn? Of course not, but that's no proof that they are not there. Nobody can conceive or imagine all the wonders there are unseen and unseeable in the world.

 

You may tear apart the baby's rattle and see what makes the noise inside, but there is a veil covering the unseen world which not the strongest man, nor even the united strength of all the strongest men that ever lived, could tear apart. Only faith, fancy, poetry, love, romance, can push aside that curtain and view and picture the supernal beauty and glory beyond. Is it all real? Ah, VIRGINIA, in all this world there is nothing else real and abiding.

 

No Santa Claus! Thank God! he lives, and he lives forever. A thousand years from now, Virginia, nay, ten times ten thousand years from now, he will continue to make glad the heart of childhood.

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Big Corked Boots's picture

If I want to see fairies dancing on a lawn, I'll go to New Hope.

Sophist Economicus's picture

For some strange reason they never make it to Upper Black Eddy or Nockamixon

Manthong's picture

"Yes, VIRGINIA, there is a Santa Claus."

Now STFU and take this blue pill.

Hugh_Jorgan's picture

Unfortunately, the world needs it's one token day of giving with its frantic, impatient lead-up. Too bad we don't try to take the idea of charity and self-sacrifice into our hearts more than once a year. Maybe we could lose the fat, red pagan symbol of veiled materialism and entitlement. Not to mention the world might actually be a better place...

HarryM's picture

Nobody screws with Santa

HarryM's picture

Always wait for the fat lady to finish singing before you do a victory lap - Word of advice from a NY Ranger fan

midgetrannyporn's picture

I believe in candy crapping unicorns too.

lolmao500's picture

In this great universe of ours man is a mere insect, an ant, in his intellect, as compared with the boundless world about him, as measured by the intelligence capable of grasping the whole of truth and knowledge.

Even more true today with all the discoveries we make. The more we learn, the more we learn how little we know.

lovemesomeZH's picture

Isaiah 40: 10-26

 

 

Sola Scriptura

WineSorbet's picture

Tell me, what 8 year old today could possibly understand that response?  Actually, I'd bet few teenagers could comprehend it in today's watered down educational world.

Sophist Economicus's picture

Teenagers?!   You're much too kind.  Hell, probably 35% of the adult population wouldn't have a clue!

nonclaim's picture

[...] understand that response?

I'm sure most can't/won't properly write down the letter and address the envelope. They would never have a chance too read that response ...

Big Corked Boots's picture

Isn't there a QR code to get free stuff from Santa?

Oh, wait. It links to the White House.

Ralph Spoilsport's picture

I still believe in the Hogfather for Hogswatch day. There will be pork products under the tree this year just like always. Twas ever thus.

Whoa Dammit's picture

Death: Humans need fantasy to *be* human. To be the place where the falling angel meets the rising ape. 
Susan: With tooth fairies? Hogfathers? 
Death: Yes. As practice, you have to start out learning to believe the little lies. 
Susan: So we can believe the big ones? 
Death: Yes. Justice, mercy, duty. That sort of thing.

Terry Pratchett Hogfather

Ralph Spoilsport's picture

DO I DETECT A NOTE OF UNSEASONAL GRUMPINESS? said Death.

NO SUGAR PIGGYWIGGY FOR YOU, ALBERT!

iinthesky's picture

Hahahahahahahahahahaha!!!!!!!! That's kick ass!

gojam's picture

Dear Mr Draghi : I am 8 years old. Some of my little friends say there is no money for the Euro bailout. Papa says, 'If you see it in a Summit announcement it's so.' Please tell me the truth; is there money for the Euro bailout ?

Temporalist's picture

Dear gojam,

 

That's what computers, printing presses, rehypothecation, swaps and derivatives are for. 

 

M Draghi

The 100 Trillion Dollar Man's picture

Santa Klaus Regling may have a small sack, but within it are presents for everyone*

*re-hypothecated

0cz's picture

You can't prove he doesn't exist!

....where have I heard this same argument before?

WonderDawg's picture

Santa rally? If it lasts all day I'll be surprised. Just a great opportunity to load up on puts.

SheepDog-One's picture

'Santa Claus Rally' means markets back to where they were a few days ago? Good place for funds to commence redemptions, thats about it.

WonderDawg's picture

Good point. Bummer that CRM isn't spiking, I was hoping it would go back to around 110 and I would buy puts, but doesn't look like it's going to make it. I knew I should have bought some when they bounced back over 115. Kicking myself now.

Alex Kintner's picture

Sandy Claws. That's what my old girl friends hands were like. I have permanent scratches to prove it.

lsbumblebee's picture

Wise words indeed.

Not Art. The 8 year-old.

GeneMarchbanks's picture

You missed the twist at the end. Art is the 8 year old. Complex stuff.

The moral of the story: Only a man-child can believe in a free market.

Tsar Pointless's picture

Dear US Dollar.

Thank you for letting yourself be abused, all for the sake of the rally that bears my name.

Love,

Santa Claus

http://data.cnbc.com/quotes/.DXY/tab/2

Boilermaker's picture

SPX up 25 handles!!!

It's a centrally planned FESTIVUS MIRACLE!!!  Bring out the aluminum pole!

What a f'ing pitiful joke this has become.

machineh's picture

Yesterday Charles Hugh Smith told us in a ZH post that his charts "blow the doors off" any chance of a Santa Claus rally.

Looks like that big door just slammed shut on his dick!

Potemkin Village Idiot's picture

You're mistaking the "Santa Claus" rally with the "Groundhog Day" rally...

Boilermaker's picture

I guess he underestimated the willingness of the Fed to violate every legal right of the citizenry.

It's a common mistake.

zebra's picture

Yes, there is a Santa Claus.

that is why Ron Paul is winning Iowa.

Temporalist's picture

LOL and they're soooooooo mad.

Heyoka Bianco's picture

Really? Ron Paul? Al the Ron Paul hype is the same bullstein that we get when someone suggests that things would be better if only a (women, Latino/a, African-American, whoever isn't a middle-aged white dude (MAWD)) were president. Then they get in and are shocked to discover there are other wills in the world than theirs (some of which might even be legitimate!), they expend endless energy trying to muzzle dissent when others shred their lame ideas, and most ominously, discover that the temptation to use force to make others do what you want is irresistible, no matter what promises of "this time it'll be different!" are made. It happens alway, everywhere, throughout history, and a Ron Paul presidency would be no different (by the way something, wouldn't one of the better outcomes for American government be a reduction in the power of the executive?)

No more "imperial" wars? Sounds nice, but see the last point above, and who can always tell from afar and ahead of time what is a legitimate use of force and which battles are necessary to fight? We have a black prez, a female SOS, and several women in important positions, and still they can't resist the lure of the drones. Why would Paul, a MAWD by any reckoning, be any different?

End the Fed? Again, sounds good, but that devolves power of the purse to Congress (still a bastion of the much-maligned MAWDs)? Wanna bet on how well they handle it. And don't even start with the "gold standard", which has been a disaster whenever implemented, difficult and often destructive to maintain when in force, and always subject to the pressure of the prisoner's dilemma, which the one on the gold side of the equation has very little chance of winning (just look at current currency intervention failures).

Captain Kink's picture

For my son, I answer the question with a question--"Does Batman exist?"

Break out the Bat signal... we need to clean house.

yogibear's picture

Wall Street fund managers have to pump the market up for a good year-end. Many of us were buying up and waiting for the fund managers year-end ramp!!

trentusa's picture

Ah say no more- the Plunge Protection Team failed abysmally yesterday afternoon in high volume when BAC broke $5 to the downside, so they're getting an early start on today's santa-induced levitation.

firstdivision's picture

OT: For shits and giggles, I decided to see what the market did on days that NAR reported and here is the breakdown

11/21/2011

2.67%

10/20/2011

1.83%

9/21/2011

3.33%

8/18/2011

4.93%

7/20/2011

0.51%

6/21/2011

1.50%

5/19/2011

0.78%

4/20/2011

1.03%

3/21/2011

1.48%

2/23/2011

1.40%

1/20/2011

0.94%

 

So all of the gains were essentially doubled since the market priced in double the houses sold.  Tomorrow will be an interesting day to say the least. 

apologies for the table not importing well.

marcusfenix's picture

look at that rip! operation fast and furious, the "save the Santa Clause rally" edition.

"I have gone to far into the land of strangeness"

Robin Williams

fuu's picture

"He exists as certainly as love and generosity and devotion exist, and you know that they abound and give to your life its highest beauty and joy."

"There would be no childlike faith then, no poetry, no romance to make tolerable this existence. We should have no enjoyment, except in sense and sight. The eternal light with which childhood fills the world would be extinguished."

People just don't write like that anymore.

Village Smithy's picture

That's because people don't read like that anymore.

GeneMarchbanks's picture

'People just don't write like that anymore.'

They do. Pick up a childrens book. But when you're a retirement age UBS trader, it's just sad.

fuu's picture

Being a trader at UBS is just sad no matter what your age.

sbenard's picture

Yes, Virginia, there IS insanity!

This is fairly typical behavior for the week before Christmas!