I was raised by a member of the Michigan Militia, and just because you are inadequate in the face of nature doesn't mean a goddamn thing. Come SHTF, I'll burn the fat from your corpse so that I can take a comfortable shower.
Seriously- get your head straight. I understand that many metro areas have safety nets all over, but the US is far to large to paint with one brush. Where I live, everyone is one generation, at most, from the family farm- and it takes longer than that for the old ways to die. Just because you live in New York/Chicago/LA, that doesn't qualify you to comment on the abilities of those who live in the North Woods, Appalachia, the Rockies, or the Bayou. Come the Rapture, we're going to take the shit we want outta your pockets, and leave you where you sit to rot. It won't even come to a fight- you'll just die when the supermarkets run out of food and the highways clog.
The cities will be hell on Earth, I have no doubt of that- but here in the great no-where, life will feel a little bump, and then continue on (perhaps a little more primitively) as usual.
Natural survivor tip of the day: Hard liquor is an excellent stockpile item. It doesn't go bad, it has a variety of uses, and recognizable brands are good for bartering. And in case of impending doom such as an extinction event, you can always get shitcanned before the asteroid hits.
I'll wait until after St Paddy's Day, then stock up on all the cheap left over green beer and sell at sky high prices next year.....if it's not imbibed by then.....
Hard Liquor is a bad idea if you don't have rock solid will power! It's too easy to come up with excuses to drink away your life saving if you are like me ;)
Cases of "pints" of name brand - Jack Daniels, Maker's Mark etc. Input costs are only going to rise & the product will not degrade over the next 50 years.
Can you believe this shit! On Friday I just went all in and shorted USD against everything on my Armada Markets trading account. All muppets, sorry, all Goldman Sachs clients can take the either side of this trade.
At the moment you see mutual fund flows increasing in size, run for the hills. When the 'individual' investor flocks back into this market, they will most assuredly get fleeced.
Bernanke has to get Obama reelected otherwise he is back to Princeton to live off the proceeds of students' loans, or some other similar manly endeavor.
But losing position as Fed means no more playing G O D.
You can buy Chinese made junk with small money, but when it comes to power over society's resources, you need a lot of money. That's why rich business people spend all they've earned to try to buy themselves into political positions.
Meg Whitman spent $160,000,000 for CA governorship and even that wasn't enough.
i had never considered the trickle down effect. nice of her actually. think about corzine, he trickled a lot. and had lots of fun doing it. i guess at some point he decided he had trickled a bit too much and needed to ooze some back up. bloomberg up next?
Hey, where's the nice financial advisor with the laser pointer telling me that if I buy at every stage along the sine curve, I'll make money, and this is caused "dollar cost averaging," at which you can never lose, as the market always goes up on a long enough timeline?
After "surrender" it should not go up to "optimistic" but continue downwards into another level called "abject surrender" then further down into "the black pit of despair" below which the curve would bottom out at "please just kill me now" before it rises a little bit to "oh my god this hurts so much I could die" where it remains flat for 3,000 years.
That graph looks like a typical siphon hose --- but to be fully accurate, it should have the average citizen's wallet on one end, and the Fed, Washington and Wall Street on the other.
Ah the good ol' days: training to sell pikers BAC at Edward Jones. Times were simpler then, and the Aramark taco bar was dee-vine! You Jones alum know what I mean. I fondly remember the cycle of investor emotions chart, along with other winners like the hamburger, and the trust-o-meter.
Thanks for the memories Tyler! Now please excuse me while I go vomit.
I successfully dodged the chip install for years. After leaving Jones I gave in and chucked my moral compass, least not fit in or get promoted. Now excuse me while i go vomit... again.
Stupid post. There is no market when central banks are buying shares. How fulking many times does it take for ZH to get that? The contradiction and repetitiveness is just as bad as anything mainstream
So I was opening an account the other day and ya'll know them questions ya' gotta answer. All sorts of drivel about risk, wealth, liquid assets, mental health, alcohol and drug abuse, sexual preferences with your half sister whose also your cousin and why the open sores on your back wouldn't stop oozeing that green puss. I'm still wondering how he knew about that.... I told him everything. After 3 hours I think the poor guy wanted to go home. Hell, it was only 7:00. He can microwave is fucking dinner like any other hard working honest American worried about keeping his job. Then he asked me if I was Tyler Durden. Seriously. "Are you Tyler Durden?" He asked me that! What a fucking star. Poor kid has no idea how badly I'm gonna fuck with him.
Hey Dawg! I was just thinking during my morning meeting about clarity. Our speaker read the last 4 or 5 paragraphs of the last story... wonderfully powerful stuff... And so Knukie as you understand him refocuses from the spiritual to just how easy and fun it is to fuck with people who deserve it, in sobriety. They just don't know what to do, how to react to such clarity, sincerity, honesty and openness. Ha hah hah ha ha ha ha ha hah... And Thursday, BTW, snuck out to a round mid day as we're got rain for the next week or so and pegged another 84. Whoopie. Ya'll be good my man. God Bless Knuks
Best chuckle yet today... makes me anxious for my yearly performance evaluation.
My mild mannered bossman is always saying "as long as you're thinking, I'm not worried".
He hasn't twigged yet how much how much HIS thinking has been affected having ME around.
For a year or more now, I've been feeding the poor shlub a steady diet of " Central Banking this, Primary Dealers that, and so forth. Occasionally I'll throw in " Buy Silver, or Storage Foods" just to keep him guessing.
Yesterday, Our Lady of Capital Accounts and Pension Planning was overheard to say in a meeting that "the economy is improving, nay,... APPEARS to be improving for the short term".
If I had blinked, I might have missed the all too brief flash of consternation before his features returned to their accustomed placidity.
Fortunately for me, no one took notice of my reflexive *chortle*... (maybe it was a guffaw).
there not buying shares directly. they pump up and keep bond/credit markets liquid, it's just that flows of money end up in spec trading. Cental Banks manipulate curves, so they have created a massive illusion of stability hence the current stock market bubble.
I've heard the toothfairy gives you a dollar for every tooth you kick out of somebody's mouth. Anybody feel like going on a citytrip to wallstreet and make a fortune?
On a long enough timeline the survival rate of everybody drops to zero. Especially, if you glance at this timeline of moral panics in the last decade. I believe the children are our future and once we get back into optimism territory, these bright shining stars will certainly lead the way to a better tomorrow.
Trade oil slewie. The VIX is over 25. /sarc (Forget that carry trade idea I had.) Japan will probably be A BUY OVER THE NEXT COUPLE OF WEEKS. Exporters repatriating yen through the end of March.
Hey Slewie, I want to indirectly get some crude exposure. More as a hedge. The volatility (cost), of owning the stocks " detours me".
I was thinking of looking at [OXY] , in May and running some (options spreads). They will be a little cheaper then, and it's a good hedge on some of my currency trades. Any thoughts. I'll send you a email if you want.
occidentalPete is where georgeBushI got started isn't it?
pretty spooky! L0L!!!
you sound like you know what you're doin, Y/C; you know the value of a cheap spread, so the rest is style and some luck doesn't hurt either
not sure how this goes w/ the currencies; shouldn't both trades be able to stand alone? correlation is tough to maintain, sometimes, and i just don't know what you'd be trying to achieve, i guess...
You seriously think we're at the top of a market cycle?
When I think of the type of Euphoria the graph is indicicating, I think back to the tech bubble. What we're in now is absolutely nothing like that. That doesn't mean that we won't see a correction, but we're nowhere near "irrational exuberance" land. There's still a lot of doubt and worry virtually every where you look.
Right, which is why I think we're over the hump emotion-wise, but the market is still at the euphoric top due to manipulation, and when the manipulation is no longer effective (we've seen the effectiveness deteriorate over the last couple of years, with interventions having shorter shelf lives, requiring more and more drastic measures) the market will suddenly catch up to the emotions in a sudden and "unexpected" crash. I think we are ever so close right now. This month, perhaps.
Disclosure: I'm still slack-jawed they've been able to levitate the markets for this long.
I'm still slack-jawed they've been able to levitate the markets for this long.
I was slack-jawed at least a year ago now --- I think I am now into the dropped-jaw-drooling-in-amazement-and-abject-fear-while-the-thread-unravels-holding-the-Sword-of-Damocles-above-my-head stage right about now.
Same here. Can't say I am surprised. But I am amazed. I suppose the system is so big and so complex, a great deal of sloshing around is bound to occur beyond what we think is really possible. I sort of compare it to a simple business that is leveraged and continues to lose money... it can go on for a long time it seems until something causes cash flow to lock up. Then is it all over in an instant. That moment is out there somewhere waiting for us and I just know we wont see it coming (well, some of us, thanks to ZH, will have a little advance notice - but not much).
Ooohhh, if only this were a typical market cycle. They wish.
Just a side note, I visited with a local Edward Jones rep once. They use a lot of these simple visual aids to try and explain things to their clients. I guess it says as much about their typical client as it does Edward Jones. You should see the cardboard risk/reward pyramid.
I had lunch wwith My Mother today. She owns APPL from 200. She want's to buy more, because those CNBS ass holes got to her.
THANK GOD, I was able to take her inside my home, and pull up all those [ ZERO HEDGE] Favorites in my laptop!
I explained the "Vampire SQUID' , and low volume with her. I explained the Depression in Europe, and the real estate meltdown in China. Then we discused (GAS PRICES, HEALTH CARE, INTEREST RATES and such.
She had some questions. Mostly "quality of living" based. I kindly answered them with one( or 2) of my own.
Are You Better off today, then you were 3.5 years ago Mom? Do you feel safer Mom?
i have been having the same conversations with people for 25 years. at best - 'you have made a 300 percent return. have you done that before? have you seen it before? will it continue? isn't it enough? can you take some money off the table? and at worst - 'consider selling half and keeping half in that way you lock in some return' does everyone really think everything can go up forever? why do i even bother to speak to people. not sure.
Serious man, I used to work for EJ and that company (limited partnership to be exact) is the epitome of "The-Blind-Leading-The-Blind. They recruit college grads fresh out of school and teach them to sell muni bonds and and mutual funds. No financial education AT ALL! These goons are dumber than rocks. The few advisors that do have a brain find another job quickly and the zombie CNBC worshipers stay and con old people into guaranteed losing investments. If you wanna have some fun walk into your neighborhood EJ and tell the advisor that you have a 401k to rollover but first you have some questions about these CDS things you keep hearing about, oh and dont forget to ask them to explain what a carry trade is also.
I disagree with the comment. I don't think this is euphoria.
This is a blatant attempt from Primary Dealers to lure suckers. There is only one big unsolvable problem, the suckers have more liabilities than assets (paper or not) and are getting old.
They forced MF Global to buy italian bonds and MF Global got stuck with them and went spermatozoid.
From 2008:
- Bear Stearns
- Lehman
- MF Global
- Who is next?
And there is only one reason, DEMOGRAPHIC. People are old and have more liabilities than assets. Period. No more suckers.
I'll second that idea EKM. The retail market is 25-30% of liquidity in a " BULL MARKET". This is NOTHING more than a lure for the banks and H/F's to sell against.
I'll send the numbers if you want. More than happy to verify. The undeclared debt is 107Billion U.S. Dollars. March 23rd ISDA last call on foreign Law Bonds.
yeah and there are certain parallels to celebrity and the mass media, consider just about any of the mediocre talents today. half the country doesn't know who they are and doesn't care. but you place a thousand people in front of a stage (maybe a hundred are dancing up and down, and the sound of the applause is amplified.) its the answer to the zen koan, what is the sound of one hand clapping. the answer, a celebrity. Cramer leads the applause, (because no one else cares) and the CNBC pom pom girls who automatically say the market is up without looking, then retract if they're wrong. like cigarette makers, the stock market will always find a generation of young kids to market.
And I do have substantial reasonings for this: Take for instance daily chart patterns that repeat time after time. After 4 times or all us muppets recognize it, buy into it and get our asses kicked.
Now we're already theorizing "this time is different" at a future point in time. This world is fucked up, with enough bombs to blow the entire planet up 1,000's of times. I won't be surprised if the next "this time is different" will equate to end of humanity.
The deranged psychopaths who run the place are OK with spending insane amounts of (stolen) money building enough weapons to destroy humanity x number of times and are capable of finding a way to, at least, in their own twisted minds, to justify the madness are the really scary thing.
Based on the evidence, the bastards could very easily make a species-ending mistake.
I love insulting and getting insulted but only face to face. If you ever get around Toronto, we could sit down and have a debate about finance, religion, sports (soccer is the emperor of sports), science, biology, philosophy, you name it. I like insultting people only face to face.
As to now, it's Parma - Milan at 1pm Toronto Time and later at 3.45 it's Fiorentina Juventus- Italian Seria A. Soccer takes priority.
...Simple things happening all over Europe in exactly the same way. It was the same loansharking Goldman Sachs, that was financing the European Investment Bank and “connived" with Simitis the fiscal data of Greece, so that ECB would be justified to buy Greek bonds using Goldman Sachs money, so that Bobolas could undertake the overcost public works ...Bobolas, who was a Goldman Sachs’ partner ...it's a self-serving behavior ...and who pays for it? Fools of course! After the fall of the Berlin Wall, the loan sharks’ “trashes” have “flooded” Europe.
This was the whole trick! Simple, quick and with minimum risk. They corrupted the political leaders of the European Union and they “flattened” everything. All these beasts –Pronti or Barroso- under the auspices of the loan sharks took important posts in the European mechanisms. Using the cheap borrowed dollars of Germany, they “printed” the cheap ECB Euro in Frankfurt. Using these cheap Euro they grasped the expensive Euro of the countries and turned it into debts. They eliminated the Euro securities and all that was left in the market was the Euro bonds. Euro value was stored in the ECB vaults and the countries were left with debts. That was the “game”!
LMFAO! Like my Edward Jones guy called me at the market peak last year and made me rush in to see this all-critical graph! No, no, no...I went to HIM and told HIM the motherfucker was about to roll over and sell everything and sit in hard cash. And wouldn't you know within two weeks we had the S&P momement.
Now, here we are again. This time I warned him of the same thing, to which he had no recourse other than to threaten me if it took my IRA(s) elesewhere, I'd "blow them up!"
So, fuck him, I'm out completely....3 accounts. These people wouldn't know a steaming pile of dogshit if they were swimming in one.
Oh, and I'll blow my accounts up alright....just like I did in 09 when I went all in and took them up 80% in a year and a half.
The brown horizontal line shouldn't be horizontal. It should be exponential to compensate for the slightly lower 'surrender' point from the time before. If the most recent 'surrender' point were ever to dip below previous ones there would be deflation and a real depression. This mega-bubble we talk about so much is not just a monetary phenomenon, it is also a physiological phenomenon. What will happen when Americans realize they aren't the invincible and still ascending super-power they've been brainwashed to believe?
SAN DIEGO — A co-founder of Invisible Children, the nonprofit organization whose video “Kony 2012” has become an Internet sensation, was detained by the San Diego police on Thursday, after they said he was found in the street in his underwear, screaming and interfering with traffic.
The police found Jason Russell, the filmmaker behind the video, after responding to calls about a man who was acting irrationally, including one call that alleged he was naked and masturbating, a San Diego police spokeswoman said. He was taken to a hospital for evaluation and treatment, and the police have no plans to charge him.
I think I'll run out to my nearest public intersection, scream, interfere with traffic, and publicly masturbate...just as an experiment to test the theory that all are equal in the eyes of the law.
I'm sure I'll be right back to post the results of my experiment. /s
The other 90% are living off government stimulus.
They need to fix this so it tightents into a singularity ... then I think they would pretty much have it nailed down!
Regards,
Cooter
no such thing as survivalist in USA....
for real survivalists look into the jungles of Amazon.
I'd like to look into your sucking wound...
Fuck You, AH.
I was raised by a member of the Michigan Militia, and just because you are inadequate in the face of nature doesn't mean a goddamn thing. Come SHTF, I'll burn the fat from your corpse so that I can take a comfortable shower.
Seriously- get your head straight. I understand that many metro areas have safety nets all over, but the US is far to large to paint with one brush. Where I live, everyone is one generation, at most, from the family farm- and it takes longer than that for the old ways to die. Just because you live in New York/Chicago/LA, that doesn't qualify you to comment on the abilities of those who live in the North Woods, Appalachia, the Rockies, or the Bayou. Come the Rapture, we're going to take the shit we want outta your pockets, and leave you where you sit to rot. It won't even come to a fight- you'll just die when the supermarkets run out of food and the highways clog.
The cities will be hell on Earth, I have no doubt of that- but here in the great no-where, life will feel a little bump, and then continue on (perhaps a little more primitively) as usual.
Really now? YOU are the authority on this?
Go jump off a bridge - let's see if you survive that, you twat.
Natural survivor tip of the day: Hard liquor is an excellent stockpile item. It doesn't go bad, it has a variety of uses, and recognizable brands are good for bartering. And in case of impending doom such as an extinction event, you can always get shitcanned before the asteroid hits.
I'll wait until after St Paddy's Day, then stock up on all the cheap left over green beer and sell at sky high prices next year.....if it's not imbibed by then.....
Year-old coors light has very little value.
Brand-new coors light has very little value.
Big Enos and Little Enos would disagree.
Hard Liquor is a bad idea if you don't have rock solid will power! It's too easy to come up with excuses to drink away your life saving if you are like me ;)
Good grief- I hope most of you guys know a good moonshiner - Where I'm going there will be plenty of hard liquor....
Sounds like a PLAN!
Cases of "pints" of name brand - Jack Daniels, Maker's Mark etc. Input costs are only going to rise & the product will not degrade over the next 50 years.
prepers take note:
Can't save em all so why stop at a red light right? STEP ON IT!!
They Op is wrong, we aren't there where closer to the Fear than at the top of Euphoria.
Can you believe this shit! On Friday I just went all in and shorted USD against everything on my Armada Markets trading account. All muppets, sorry, all Goldman Sachs clients can take the either side of this trade.
I've figured out a way to eat Ipad's so it's all good.
I don't know about eating iPads, but you can blend 'em:
http://www.youtube.com/watch?v=lAl28d6tbko
THIS MOTHERFUCKER IS ON TO ME!
LMAO The future is NOW!
But I was told we are winning the future. So what you're saying is that we are currently winning? WTF!
Actually, the future is the past. So we've won already. It doesn't get any better. Plan accordiongly.
It's all about the right cuison he?
Crunchy. Tastes like chicken.
The Li-ion battery can cause indigestion, fyi. Keep the pepto handy.
"You can fool some of the people all of the time, and those are the ones you should concentrate on." GW Bush (for real)
Relevant: http://www.youtube.com/watch?v=KMKkQx_dTC4
Bush was wrong.....fooled once got fooled again and again...against their own economic interests.....he got reelected
you can't eat iPads and you can't eat Bible.
But you can't fix stupid, so you can exploit stupid over and over again.
Any wonder why Bushes went to Texas?
http://www.youtube.com/watch?v=AWcVSRXDpTY
Fool me once, shame on you.
Fool me twice, you've got boobs.
You funny!
This plot looks like my age - not over the hill but I have a damn good view!
I think the slope down from Euphoria will be quite a bit steeper than that.
http://www.ultracad.com/square.gif
Which of those troughs represents the Dark Ages?
like wile-e coyote chasing the road runner off a cliff
http://www.youtube.com/watch?v=_d8ROhH3_vs
“ this sucka could really go down” President Bush
The boat leaves tomorrow morning and you better be on it because I sold this land to the chinese.
. Obama Barack
When you hot you hot !
Except volumes are low, so everyone else isn't buying.
At the moment you see mutual fund flows increasing in size, run for the hills. When the 'individual' investor flocks back into this market, they will most assuredly get fleeced.
It's lonely at the top of euphoria and irrational exhuberance.
From what I saw, volume is up today much more than the daily volume over the last few months. No?
This is going on my wall as a daily reminder- thanks ZH!
Obama told Bernanke to ramp up the money juice until election time.
pump-n-dump....volume = house wins
Bernanke has to get Obama reelected otherwise he is back to Princeton to live off the proceeds of students' loans, or some other similar manly endeavor.
Bernanke doesn't care about money.
But losing position as Fed means no more playing G O D.
You can buy Chinese made junk with small money, but when it comes to power over society's resources, you need a lot of money. That's why rich business people spend all they've earned to try to buy themselves into political positions.
Meg Whitman spent $160,000,000 for CA governorship and even that wasn't enough.
i had never considered the trickle down effect. nice of her actually. think about corzine, he trickled a lot. and had lots of fun doing it. i guess at some point he decided he had trickled a bit too much and needed to ooze some back up. bloomberg up next?
Shame to see all that eBay money going to waste... I know I helped fund her campaign with my exorbitant eBay fees selling crap there.
"You are here", better title would be "This is the time to go long according to Goldman Sachs"
Sometimes I feel like a rejected muppet sex doll.
lol
My ex-wife got those in the divorce.
Hey, where's the nice financial advisor with the laser pointer telling me that if I buy at every stage along the sine curve, I'll make money, and this is caused "dollar cost averaging," at which you can never lose, as the market always goes up on a long enough timeline?
Long timeline, yes...
Punch the DJIA from 1999 into the BLS inflation calculator and it tells you the DJIA would have to be north of 30,000 today just to be even.
I think we're gonna need a longer timeline.
Hot air rises.
As in a BIG bag of hot air! Until it doesn't!
I think that chart is wrong in one respect.
After "surrender" it should not go up to "optimistic" but continue downwards into another level called "abject surrender" then further down into "the black pit of despair" below which the curve would bottom out at "please just kill me now" before it rises a little bit to "oh my god this hurts so much I could die" where it remains flat for 3,000 years.
Otherwise it's cool.
That graph looks like a typical siphon hose --- but to be fully accurate, it should have the average citizen's wallet on one end, and the Fed, Washington and Wall Street on the other.
We are at peak-Euphoria? right.
"it's ok, I'm a long term investor"
ROFL... if I had a gold nugget for every time I'd said that....
It's okay if you define "long term" in the new normal, in which case it would be something like 3 minutes.
The average retention time on a stock purchase is now 22 seconds (up from 20 seconds last year).
Sounds like CalPers with Goldman day before the Giants tickets get allocated.
Pithy. You got a cite for that? I'd love to share it with friends and family.
http://www.nakedcapitalism.com/2011/01/guest-post-michael-hudson-average-stock-held-for-22-seconds-and-average-foreign-currency-position-held-for-30-seconds.html
The truth has become stranger than fiction.
if i had a gold nugget for every time i said that
well by golly i do....
http://www.youtube.com/watch?v=3ONWeR2UbZo&feature=related
watch it and weep...
Ah the good ol' days: training to sell pikers BAC at Edward Jones. Times were simpler then, and the Aramark taco bar was dee-vine! You Jones alum know what I mean. I fondly remember the cycle of investor emotions chart, along with other winners like the hamburger, and the trust-o-meter.
Thanks for the memories Tyler! Now please excuse me while I go vomit.
No no -- vomiting is next quarter. You're supposed to be euphoric now.
Go back and study the chart otherwise they'll drag you off to The Peoples' Justice Re-Education Center ... again.
I successfully dodged the chip install for years. After leaving Jones I gave in and chucked my moral compass, least not fit in or get promoted. Now excuse me while i go vomit... again.
Remember this is ZH and we are usually early to the party. LOL.
Stupid post. There is no market when central banks are buying shares. How fulking many times does it take for ZH to get that? The contradiction and repetitiveness is just as bad as anything mainstream
There is no spoon = there is no market.
It's not the market that moves...it's only the Bernank
your r probably thinking "it's ok I'm a long term investor"...
So I was opening an account the other day and ya'll know them questions ya' gotta answer. All sorts of drivel about risk, wealth, liquid assets, mental health, alcohol and drug abuse, sexual preferences with your half sister whose also your cousin and why the open sores on your back wouldn't stop oozeing that green puss.
I'm still wondering how he knew about that....
I told him everything.
After 3 hours I think the poor guy wanted to go home. Hell, it was only 7:00. He can microwave is fucking dinner like any other hard working honest American worried about keeping his job.
Then he asked me if I was Tyler Durden.
Seriously.
"Are you Tyler Durden?"
He asked me that!
What a fucking star.
Poor kid has no idea how badly I'm gonna fuck with him.
Get him, Knuksie!
Hey Dawg!
I was just thinking during my morning meeting about clarity. Our speaker read the last 4 or 5 paragraphs of the last story... wonderfully powerful stuff...
And so Knukie as you understand him refocuses from the spiritual to just how easy and fun it is to fuck with people who deserve it, in sobriety.
They just don't know what to do, how to react to such clarity, sincerity, honesty and openness.
Ha hah hah ha ha ha ha ha hah...
And Thursday, BTW, snuck out to a round mid day as we're got rain for the next week or so and pegged another 84. Whoopie.
Ya'll be good my man.
God Bless
Knuks
Best chuckle yet today... makes me anxious for my yearly performance evaluation.
My mild mannered bossman is always saying "as long as you're thinking, I'm not worried".
He hasn't twigged yet how much how much HIS thinking has been affected having ME around.
For a year or more now, I've been feeding the poor shlub a steady diet of " Central Banking this, Primary Dealers that, and so forth. Occasionally I'll throw in " Buy Silver, or Storage Foods" just to keep him guessing.
Yesterday, Our Lady of Capital Accounts and Pension Planning was overheard to say in a meeting that "the economy is improving, nay,... APPEARS to be improving for the short term".
If I had blinked, I might have missed the all too brief flash of consternation before his features returned to their accustomed placidity.
Fortunately for me, no one took notice of my reflexive *chortle*... (maybe it was a guffaw).
Ah well,... another day.
Attaboy, Knuckles.
FWIW, I think you should be one of the Tylers. Give it to him with both barrels, and then make him stnad on your porch for a few days.
there not buying shares directly. they pump up and keep bond/credit markets liquid, it's just that flows of money end up in spec trading. Cental Banks manipulate curves, so they have created a massive illusion of stability hence the current stock market bubble.
So goes Apple, so goes the market - 'Apple Enters Danger Phase' - worth a read.
I've heard the toothfairy gives you a dollar for every tooth you kick out of somebody's mouth. Anybody feel like going on a citytrip to wallstreet and make a fortune?
I think that it's more like $5, based on inflation. Charter a bus, and I'll be there with my steeltoes.
Funny, for those without prudence, that chart sums up life in general.
Thank god I live in EU-phoria.
On a long enough timeline the survival rate of everybody drops to zero. Especially, if you glance at this timeline of moral panics in the last decade. I believe the children are our future and once we get back into optimism territory, these bright shining stars will certainly lead the way to a better tomorrow.
http://gawker.com/5891061/from-rainbow-parties-to-butt+chugging-a-timeli...
the worstest roller~coaster accident in the history of no hands happened when the chain broke, right about here, BiCheZ!
who dat? this is the peteTownsend roller~coaster ending: "we won't get fooled, again!"
Trade oil slewie. The VIX is over 25. /sarc (Forget that carry trade idea I had.) Japan will probably be A BUY OVER THE NEXT COUPLE OF WEEKS. Exporters repatriating yen through the end of March.
Y/C, i am so long the stratRez that i should carry a warning about anal leakage...
Hey Slewie, I want to indirectly get some crude exposure. More as a hedge. The volatility (cost), of owning the stocks " detours me".
I was thinking of looking at [OXY] , in May and running some (options spreads). They will be a little cheaper then, and it's a good hedge on some of my currency trades. Any thoughts. I'll send you a email if you want.
occidentalPete is where georgeBushI got started isn't it?
pretty spooky! L0L!!!
you sound like you know what you're doin, Y/C; you know the value of a cheap spread, so the rest is style and some luck doesn't hurt either
not sure how this goes w/ the currencies; shouldn't both trades be able to stand alone? correlation is tough to maintain, sometimes, and i just don't know what you'd be trying to achieve, i guess...
sounds like a fun experiment, tho!
p.s.: don't blow up the laboratory! Hahaha!
I'm a currency guy Slewie. I Trust you.
We have the Flash Crash! I know you are Honest!
I'm definitely looking forward to some volatility.
I will drink some absinthe and hopefully the "green fairy" will appear and tell me what to do.
I give up! 00 comes to mind as in Infinity. The damn infinity symbol turns into a ? , every time I use the alt-236 key for it!
.
PLUS ONE! Wasn't me. Perhaps someone is listening?
LOL ... I get downrated just for making a point! Must be my fan club ... but at least one person appreciated me not saying more!
(FWIW, I had posted a reply to your point about infinity, then noticed that my brilliant suggestion didn't work either, so deleted it).
I'm not worried, I'm with GS. They'll protect me
Bullish.
Where's the "Yeah right, what a bunch of bullshit" phase?
You seriously think we're at the top of a market cycle?
When I think of the type of Euphoria the graph is indicicating, I think back to the tech bubble. What we're in now is absolutely nothing like that. That doesn't mean that we won't see a correction, but we're nowhere near "irrational exuberance" land. There's still a lot of doubt and worry virtually every where you look.
Right, which is why I think we're over the hump emotion-wise, but the market is still at the euphoric top due to manipulation, and when the manipulation is no longer effective (we've seen the effectiveness deteriorate over the last couple of years, with interventions having shorter shelf lives, requiring more and more drastic measures) the market will suddenly catch up to the emotions in a sudden and "unexpected" crash. I think we are ever so close right now. This month, perhaps.
Disclosure: I'm still slack-jawed they've been able to levitate the markets for this long.
.
I was slack-jawed at least a year ago now --- I think I am now into the dropped-jaw-drooling-in-amazement-and-abject-fear-while-the-thread-unravels-holding-the-Sword-of-Damocles-above-my-head stage right about now.
They just pick the end of the day number, turn on the computers that run 97% of the daily volume then head out to the golf course.
Same here. Can't say I am surprised. But I am amazed. I suppose the system is so big and so complex, a great deal of sloshing around is bound to occur beyond what we think is really possible. I sort of compare it to a simple business that is leveraged and continues to lose money... it can go on for a long time it seems until something causes cash flow to lock up. Then is it all over in an instant. That moment is out there somewhere waiting for us and I just know we wont see it coming (well, some of us, thanks to ZH, will have a little advance notice - but not much).
Have a great weekend WD and all.
Ooohhh, if only this were a typical market cycle. They wish.
Just a side note, I visited with a local Edward Jones rep once. They use a lot of these simple visual aids to try and explain things to their clients. I guess it says as much about their typical client as it does Edward Jones. You should see the cardboard risk/reward pyramid.
Now I'm assuming whoever made the original chart wasn't honest enough to add the arrow.......
The Wall Street Ranter
From the postings it seems like we're more at the "I'm not getting fooled again" point
I had lunch wwith My Mother today. She owns APPL from 200. She want's to buy more, because those CNBS ass holes got to her.
THANK GOD, I was able to take her inside my home, and pull up all those [ ZERO HEDGE] Favorites in my laptop!
I explained the "Vampire SQUID' , and low volume with her. I explained the Depression in Europe, and the real estate meltdown in China. Then we discused (GAS PRICES, HEALTH CARE, INTEREST RATES and such.
She had some questions. Mostly "quality of living" based. I kindly answered them with one( or 2) of my own.
Are You Better off today, then you were 3.5 years ago Mom? Do you feel safer Mom?
i have been having the same conversations with people for 25 years. at best - 'you have made a 300 percent return. have you done that before? have you seen it before? will it continue? isn't it enough? can you take some money off the table? and at worst - 'consider selling half and keeping half in that way you lock in some return' does everyone really think everything can go up forever? why do i even bother to speak to people. not sure.
Thank you. Perhaps more people will listen to their " GREAT" Grand parents.
Are You Better off today, then you were 3.5 years ago Mom? Do you feel safer Mom?
Her AAPL's worth 3x more, but society is still just moping along.
I'd expect her to have mixed feelings.
She made the right trade, though, and that's all that matters.
She liked, the take a little off the table/ BTD idea. There ain't no dividends yet. Her mixed feelings were, born of trust in my guidance.
If rates are really moving up, then MONEY MARKET looks more attractive. There is always 2 sides to a trade!
QE is a hellva drug.........
Makes me feel like taking a walk down to Edward Jones in the morning....
JUST TO F*@K WITH THEM!
Serious man, I used to work for EJ and that company (limited partnership to be exact) is the epitome of "The-Blind-Leading-The-Blind. They recruit college grads fresh out of school and teach them to sell muni bonds and and mutual funds. No financial education AT ALL! These goons are dumber than rocks. The few advisors that do have a brain find another job quickly and the zombie CNBC worshipers stay and con old people into guaranteed losing investments. If you wanna have some fun walk into your neighborhood EJ and tell the advisor that you have a 401k to rollover but first you have some questions about these CDS things you keep hearing about, oh and dont forget to ask them to explain what a carry trade is also.
Good times for all.
I disagree with the comment. I don't think this is euphoria.
This is a blatant attempt from Primary Dealers to lure suckers. There is only one big unsolvable problem, the suckers have more liabilities than assets (paper or not) and are getting old.
They forced MF Global to buy italian bonds and MF Global got stuck with them and went spermatozoid.
From 2008:
- Bear Stearns
- Lehman
- MF Global
- Who is next?
And there is only one reason, DEMOGRAPHIC. People are old and have more liabilities than assets. Period. No more suckers.
I'll second that idea EKM. The retail market is 25-30% of liquidity in a " BULL MARKET". This is NOTHING more than a lure for the banks and H/F's to sell against.
Then the GIANT SPHINCTER GAPES)>< shut!
Thx man.
What do you think of March 19th. Nobody is talking about greek CDS auction. Few sites like FT alphaville are saying that it will have no effect.
I'm saying, who the fuck knows about all greek bonds purchases with leverage and re-hypothetication?
Any thoughts?
I think you got the wrong dates EKM. I suppose you know that.
March 23rd ( London and extra circular Assets). AKA ( Non-Sovereign law bonds and other THINGS) ...
$107 Billion. Stay tuned.
Crap. Been too busy at work. My brain is having some air gaps.
107b -coooooooool
I'll send the numbers if you want. More than happy to verify. The undeclared debt is 107Billion U.S. Dollars. March 23rd ISDA last call on foreign Law Bonds.
Well, this is proof that your comment about peeling off charts 24/7 is no exageration at all.
The chart does not take into account the eventual belief that the market is a rigged game and then the person refuses to ever play again.
Well formulated.
yeah and there are certain parallels to celebrity and the mass media, consider just about any of the mediocre talents today. half the country doesn't know who they are and doesn't care. but you place a thousand people in front of a stage (maybe a hundred are dancing up and down, and the sound of the applause is amplified.) its the answer to the zen koan, what is the sound of one hand clapping. the answer, a celebrity. Cramer leads the applause, (because no one else cares) and the CNBC pom pom girls who automatically say the market is up without looking, then retract if they're wrong. like cigarette makers, the stock market will always find a generation of young kids to market.
Its a sine wave??
Well, I've surrendered my optimism, which if I understand this chart correctly, turns my market cycle into a Mobius strip, which is prophetic.
So far the cycle looks correct. "However"---I think when we reach "this time is different"---it really will be.
And I do have substantial reasonings for this: Take for instance daily chart patterns that repeat time after time. After 4 times or all us muppets recognize it, buy into it and get our asses kicked.
Now we're already theorizing "this time is different" at a future point in time. This world is fucked up, with enough bombs to blow the entire planet up 1,000's of times. I won't be surprised if the next "this time is different" will equate to end of humanity.
Decent hypothesis.
The deranged psychopaths who run the place are OK with spending insane amounts of (stolen) money building enough weapons to destroy humanity x number of times and are capable of finding a way to, at least, in their own twisted minds, to justify the madness are the really scary thing.
Based on the evidence, the bastards could very easily make a species-ending mistake.
Sleep well.
Bullish.
I believe so.
http://www.cnhedge.com/
http://www.jinrongbaike.com/
Hiding EKM, solves very little. Or is it an alter EGO?
Sir,
I love insulting and getting insulted but only face to face. If you ever get around Toronto, we could sit down and have a debate about finance, religion, sports (soccer is the emperor of sports), science, biology, philosophy, you name it. I like insultting people only face to face.
As to now, it's Parma - Milan at 1pm Toronto Time and later at 3.45 it's Fiorentina Juventus- Italian Seria A. Soccer takes priority.
Hey ? Does the " Red Pill" ever Sleep? I'm burning charts and that ass hole is " Mouthing Off"?
Independent Wealth?
That chart would be accurate if the market participants were the general public.
...Simple things happening all over Europe in exactly the same way. It was the same loansharking Goldman Sachs, that was financing the European Investment Bank and “connived" with Simitis the fiscal data of Greece, so that ECB would be justified to buy Greek bonds using Goldman Sachs money, so that Bobolas could undertake the overcost public works ...Bobolas, who was a Goldman Sachs’ partner ...it's a self-serving behavior ...and who pays for it? Fools of course! After the fall of the Berlin Wall, the loan sharks’ “trashes” have “flooded” Europe.
This was the whole trick! Simple, quick and with minimum risk. They corrupted the political leaders of the European Union and they “flattened” everything. All these beasts –Pronti or Barroso- under the auspices of the loan sharks took important posts in the European mechanisms. Using the cheap borrowed dollars of Germany, they “printed” the cheap ECB Euro in Frankfurt. Using these cheap Euro they grasped the expensive Euro of the countries and turned it into debts. They eliminated the Euro securities and all that was left in the market was the Euro bonds. Euro value was stored in the ECB vaults and the countries were left with debts. That was the “game”!
Global Debt Crisis
http://eamb-ydrohoos.blogspot.com/2012/01/global-debt-crisis.html
Taken from a MUST read article by Panagiotis Traianou.
LMFAO! Like my Edward Jones guy called me at the market peak last year and made me rush in to see this all-critical graph! No, no, no...I went to HIM and told HIM the motherfucker was about to roll over and sell everything and sit in hard cash. And wouldn't you know within two weeks we had the S&P momement.
Now, here we are again. This time I warned him of the same thing, to which he had no recourse other than to threaten me if it took my IRA(s) elesewhere, I'd "blow them up!"
So, fuck him, I'm out completely....3 accounts. These people wouldn't know a steaming pile of dogshit if they were swimming in one.
Oh, and I'll blow my accounts up alright....just like I did in 09 when I went all in and took them up 80% in a year and a half.
Not quite.
The brown horizontal line shouldn't be horizontal. It should be exponential to compensate for the slightly lower 'surrender' point from the time before. If the most recent 'surrender' point were ever to dip below previous ones there would be deflation and a real depression. This mega-bubble we talk about so much is not just a monetary phenomenon, it is also a physiological phenomenon. What will happen when Americans realize they aren't the invincible and still ascending super-power they've been brainwashed to believe?
"He who has water and peat on his own farm has the world his own way."
Happy St. Patrick's Day
You are HERE...Naked...what the heck is going on? Euphoria?
Family disrobed at Pennsylvania school
http://www.myfoxny.com/dpp/news/police-family-chanted-disrobed-at-pa-sch...
Jason Russell...state of undress...masterbating (California)
http://www.nbcsandiego.com/news/local/jason-russell-san-diego-invisible-...
Police arrest naked man in Forest Hills (North Carolina)
http://yellowtape.blogs.starnewsonline.com/18090/police-arrest-naked-man...
Miss Expectations posted:
Isn't that one of the 'brains' behind Kony 2012
Imagine that...
quote from: http://www.nytimes.com/2012/03/17/us/jason-russell-kony-2012-filmmaker-h...
I think I'll run out to my nearest public intersection, scream, interfere with traffic, and publicly masturbate...just as an experiment to test the theory that all are equal in the eyes of the law.
I'm sure I'll be right back to post the results of my experiment. /s
NWO op busted by independent media/bloggers.
After the surrender, there may not be a market.
Why is Edward Jones booming? I see them everywhere. In a small town in NW Oklahoma I've counted 7 seems so excessive
sounds like they missed the ENTIRE equity bull market.
We should see SPX make (or pretty close to) all time high.
gonna love it.
I>m Perturbed!
Tyler. YOUR game is fruitless. I love EKM and SLEWIE!