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Tyler Durden's picture


Repeat the following with increasing vigor...

Source: Citi


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Tue, 04/03/2012 - 15:10 | 2314115 nobusiness
nobusiness's picture

Too bad you have to be a day trader to follow this cycle as it goes 360 degrees in hours not months or weeks or even days

Tue, 04/03/2012 - 15:13 | 2314142 maxmad
maxmad's picture

The cycle works until it doesnt Tyler.... We are on the edge of the cliff with Dow 2k as the floor...

Tue, 04/03/2012 - 15:31 | 2314243 idea_hamster
idea_hamster's picture

But where's the part where people create value through combining land, labor and capital in response to the demands of transactors in the marketplace?

Oh, wait -- I stopped reading too soon:

Source: Citi

All they know is that their bonus bread is fiat buttered on the side of the command economy overlords.

Tue, 04/03/2012 - 16:11 | 2314438 Comay Mierda
Comay Mierda's picture

you forgot the step immediately before the market selloff:

"Goldman Sachs tells muppets equities are the opportunity of a life time"

Tue, 04/03/2012 - 16:45 | 2314548 ndotken
ndotken's picture

It occurs to me that I was perfectly content in nonexistence for billions and billions of years, until, without my permission, I was born, and forced to survive.

Tue, 04/03/2012 - 18:31 | 2314822 ManOfBliss
ManOfBliss's picture

Brilliant. Thanks for that.

Tue, 04/03/2012 - 18:45 | 2314863 eatthebanksters
eatthebanksters's picture

It looks like a 'how to' instruction for a double dutch rudder!

Wed, 04/04/2012 - 00:58 | 2315492 rocker
rocker's picture

Just think, we only look like a glass 90% fool, (full).  LOL

Wed, 04/04/2012 - 08:43 | 2315897 RiverRoad
RiverRoad's picture

And all timed perfectly for Obama's reelection.  Do-si-do and around we go folks!

Wed, 04/04/2012 - 15:15 | 2317321 Sokhmate
Sokhmate's picture

I think the life cycle is all backwards-- You should start out dead-- Get it out of the way-- You wake up in an old age home, feeling better every day-- You get kicked out for being too healthy; go collect your pension-- Then, when you start work, you get a gold watch on your first day-- You work 40 years until you're young enough to enjoy your retirement-- You drink alcohol, you party, you're generally promiscuous and you get ready for High School-- You go to primary school,you become a kid, you play, you have no responsibilities, you become a baby-- Then, you spend your last 9 months floating peacefully with luxuries like a central heating, spa, room service on tap, larger quarters everyday-- Then you finish off as an orgasm! It's got to be better this way, 'cause this getting old sucks!

Tue, 04/03/2012 - 18:51 | 2314881 Dre4dwolf
Dre4dwolf's picture

what ? what is this ? some kind of business? lol we dont do "business " anymore in America............ we gamble the retirement funds of millions of people to make a few million in bonuses and charge administrative fees.

Productivity? pssshhhhh a relic of the past.....

Value creation???? psssshhhhhh the only value we need is the VALUE WE CAN STEAL.

"investments" pssssssh a cover phrase for "we stole your money two months ago and your balance still says its there until you go to withdraw it".


Welcome to America, 2012.

Tue, 04/03/2012 - 15:43 | 2314298 Pool Shark
Pool Shark's picture





Tue, 04/03/2012 - 17:27 | 2314644 DCFusor
DCFusor's picture

It's the 21st century.  Where's my flying car?

Tue, 04/03/2012 - 18:41 | 2314851 The Disappointed
The Disappointed's picture

'R'oh r'ow!'  said Astro

Tue, 04/03/2012 - 15:45 | 2314312 dwdollar
dwdollar's picture

You don't know the power of the dark side... Bernanke MUST print.

Tue, 04/03/2012 - 16:13 | 2314450 Jethro
Jethro's picture

We can only hope that Benanke is mentioned alongside Diocletian in the history books...

Tue, 04/03/2012 - 16:03 | 2314408 Cash-NonCash
Cash-NonCash's picture

This cycle works when we add the Edward Jones Cycle of Investor Emotions chart overlay. Dither>Euphoria>Time to Rebalance> or some such crap...  Keep the 99% in the market bitchez!!! SSSLLUURRRPPPPPP

Tue, 04/03/2012 - 15:13 | 2314144 strannick
strannick's picture

That was comforting, thank you Tyler. Bring on the vigor!

Tue, 04/03/2012 - 15:16 | 2314169 mayhem_korner
mayhem_korner's picture



Did we blow through jalapeno and jump to concentrated habernero?

Tue, 04/03/2012 - 15:18 | 2314182 whatsinaname
whatsinaname's picture

what sell-off ? I dont see one. The lemmings are crawling up the walls again..

Tue, 04/03/2012 - 15:34 | 2314263 Zero Govt
Zero Govt's picture

Precisely ...the "End of the World is Nigh" hysteria is still at fever pitch but there's probably 3 years before we fall off a cliff again

we're going to kick the can for a long while yet, relax everyone, time aplenty to prepare for the meltdown

Tue, 04/03/2012 - 16:12 | 2314441 SheepDog-One
SheepDog-One's picture

'Probly 3 years' know no such thing, stop acting like you do.

Tue, 04/03/2012 - 20:48 | 2315138 Chump
Chump's picture

Pass to the left.

Tue, 04/03/2012 - 15:55 | 2314344 iDealMeat
iDealMeat's picture

PPT's got a bazooka..  algos are the ammo..

Tue, 04/03/2012 - 15:57 | 2314356 Sudden Debt
Sudden Debt's picture

I know what you mean.... I'm looking for the arrow that says "bathroom" and I can't find it either....

Tue, 04/03/2012 - 15:59 | 2314375 HarryM
HarryM's picture

Actually I think we've stalled inbetween outlook improves and Policy Makers dither

Tue, 04/03/2012 - 20:26 | 2315094 BLOTTO
BLOTTO's picture



...'and so there is nothing new under the sun.'

-King Solomon


The Calendar rules us. Monday to Friday. Take your precious two days off and go back to work...


History is merely repeating itself...

Tue, 04/03/2012 - 15:10 | 2314118 BigMike
BigMike's picture

But Jim Sinclair said the bottom was in at gold $1,650!!!!!

Tue, 04/03/2012 - 15:23 | 2314158 strannick
strannick's picture


Sell Mike, sell! Sinclair was off by 6 bucks. Then see what recommendations Crammer has for you.

Sinclair also called $1625 gold for 2011 back in 2007!!!!

Tue, 04/03/2012 - 15:28 | 2314223 LowProfile
LowProfile's picture

Absent money printing gold will likely sell off, but ultimately not as hard as everything else.

I've corresponded with Sinclair trying to correct some of his errors (mostly about other's positions, which he misrepresented), and IMO Sinclair is far, FAR too arrogant for his own good...  And therefore the good of anyone who takes his advice w/o taking that particular character "aspect" into account.

I think Faber has this right near term.  Faber thinks it's still in a correction, but continues to buy physical gold, although he is hedging his position with USD and Asian dividend paying equities.

Tue, 04/03/2012 - 15:35 | 2314272 strannick
strannick's picture

You were trying to correct some of Sinclair's errors? Sorry, who is arrogant?

Sinclair sold his gold at the peak in 1980 when he saw the rate rise writing on the wall. Sinclair called $1625 gold for 2011 in 2007 when it was utterly audacious to do so, and was roundly ridiculed. 

The best thing you can do regarding Jim Sinclair is to sew your mouth shut like Big Mike, take his advice and enjoy the ride.

Tue, 04/03/2012 - 15:52 | 2314331 LowProfile
LowProfile's picture

Read carefully you yapping little prick:  Sinclair clearly misrepresented some people's positions, I politely tried to correct him (so he wouldn't come off as a boorish, ignorant asshole), and he arrogantly dismissed me.

So go ahead, keep your nose firmly planted in his sphincter and slavishly follow every word he says.  I personally like to make up my own mind (but I understand how that's too hard for some people).

Tue, 04/03/2012 - 18:50 | 2314878 The Disappointed
The Disappointed's picture

 and he arrogantly dismissed me.

I arrogantly dismiss you, as well.


Wed, 04/04/2012 - 01:09 | 2315503 strannick
strannick's picture

I  cant really imagine you politely trying anything, Internet Tough Guy

You go ahead and make up your own mind if it makes you feel empowered, while guys like Sinclair and Gold Hounds in general rake it in.

Wed, 04/04/2012 - 03:57 | 2315606 dogbreath
dogbreath's picture

I quit following  because it was like a broken record.  buy buy buy.  I like dan norcini better.     Jim never called over bought and kept telling everyone its going higher instead of warning that there could be corrections.   He is a cult leader who reveals enough to convince but not enough to educate challengers.   He has huge credibility but says little of merit anymore.  Like I said a broken record.    Don't get me wrong I have huge repect because he was a formative part of my education, my problem is he holds back and he knows way more than he's telling. 

Tue, 04/03/2012 - 15:57 | 2314358 Non Passaran
Non Passaran's picture

Huh? I bought few Oz after Benny's announcement and I'm just starting (since I last loaded up at 1500).

Tue, 04/03/2012 - 15:10 | 2314122 Hippocratic Oaf
Hippocratic Oaf's picture

Sitting in cash, waiting for the next sell-off

Tue, 04/03/2012 - 15:36 | 2314276 strannick
strannick's picture

Sitting on gold, waiting for the blast off

Tue, 04/03/2012 - 15:59 | 2314368 Sudden Debt
Sudden Debt's picture

Sitting on silver, waiting for the nova

Tue, 04/03/2012 - 16:11 | 2314439 Commander Cody
Commander Cody's picture

Sitting on the can, waiting for a movement.

Tue, 04/03/2012 - 15:10 | 2314123 SheepDog-One
SheepDog-One's picture

And retail still wont show up.

Tue, 04/03/2012 - 15:11 | 2314124 GeneMarchbanks
GeneMarchbanks's picture

You could really be just about anywhere at any time. It matters not.

Tue, 04/03/2012 - 15:19 | 2314184 Vince Clortho
Vince Clortho's picture

Quantum Mechanics and the Uncertainty Principal.

As near as we can tell, we are nowhere.

Tue, 04/03/2012 - 15:25 | 2314226 GeneMarchbanks
GeneMarchbanks's picture

This is what happens when you enter a purely symbolic sphere: a mindfuck.

Unlike physics, none of this shit actually exists.

Tue, 04/03/2012 - 18:55 | 2314891 The Disappointed
The Disappointed's picture

Are you saying that fiat currency doesn't actually exist!

Get my broker on the line!

Tue, 04/03/2012 - 15:26 | 2314230 Gazooks
Gazooks's picture

road to

Tue, 04/03/2012 - 16:49 | 2314557 Dugald
Dugald's picture

At impulse speed.....warp factor 1 next....

Tue, 04/03/2012 - 19:03 | 2314905 The Disappointed
The Disappointed's picture

In The Hitchhiker's Guide To The Galaxy movie, the spaceship they stole, The Heart Of Gold, had a maximum speed at 'Ludicrous' speed.

I think the next big upleg in the POG will be as "ludicrous' speed.


Tue, 04/03/2012 - 15:11 | 2314125 CClarity
CClarity's picture

Dizzy         vertigo

Tue, 04/03/2012 - 15:13 | 2314128 Tsar Pointless
Tsar Pointless's picture

Really? I thought I was here.

Tue, 04/03/2012 - 15:26 | 2314216 LouisDega
LouisDega's picture

So that means I am there. Soon you will be there and i will be here

Tue, 04/03/2012 - 15:11 | 2314129 Boilermaker
Boilermaker's picture

And...there goes silver down the shit hole.

Tue, 04/03/2012 - 15:14 | 2314148 slyhill
slyhill's picture

huh? my silver didnt go anywhere

Tue, 04/03/2012 - 15:29 | 2314239 Gazooks
Gazooks's picture

that's right, it's charmin asswipe

Tue, 04/03/2012 - 15:43 | 2314308 slaughterer
slaughterer's picture

Once silver is under $32 again, I am buying more. 

Tue, 04/03/2012 - 19:08 | 2314922 The Disappointed
The Disappointed's picture

I was really hoping to see 30 again.

Come on Blythe! Sell some more paper!

Tue, 04/03/2012 - 15:13 | 2314130 virgilcaine
virgilcaine's picture

A circle jrk i believe, Ben has only two hands and so many to service!

Tue, 04/03/2012 - 15:13 | 2314135 semperfi
semperfi's picture

At which point your algo is poised to buy-buy-buy ?

Tue, 04/03/2012 - 15:13 | 2314137 SheepDog-One
SheepDog-One's picture

By 'policy makers take action' I guess that would be to leak 'QE3' rumors again so markets can price it in for the 50th time? 

Tue, 04/03/2012 - 15:13 | 2314139 lemonobrien
lemonobrien's picture

i lived in japan in the nineties; they will keep this up for a very long time; shit will get worse, nothing will improve; then... well, no country has gotten there yet... i would suspect martial law, soviet style taking and raping. we'll see; hopefully i will be able to leave with my family.

Tue, 04/03/2012 - 15:15 | 2314154 semperfi
semperfi's picture

The Soviet citizens didn't have the 2nd amendment.

Tue, 04/03/2012 - 15:22 | 2314208 SilverIsKing
SilverIsKing's picture

and soon, we won't either.

Tue, 04/03/2012 - 16:26 | 2314491 easypoints
easypoints's picture

Well, with a gun in circulation for every man, woman and child, that is when the fireworks will start. Unstopable force meets an immovable object.

Tue, 04/03/2012 - 19:16 | 2314946 The Disappointed
The Disappointed's picture

Firearms are a very old technology. Obsolete in the socail networking century.

Hey, do you think the Spartans would have lost in '300'  if they had artillery, posion gas, and the other horrors of the 20th century.

Tue, 04/03/2012 - 15:37 | 2314280 BobPaulson
BobPaulson's picture

When they come, people will be convinced it's just temporary, and will surrender willingly without a shot fired. Most people who were sent to death camps in Germany or Russia went without the slightest struggle.

The optimism bias man. People only rise up if everybody else is. That's why they round people up at night.

Tue, 04/03/2012 - 16:00 | 2314379 MagicHandPuppet
MagicHandPuppet's picture

Sad but true.  And who wants to be the first (or next?) "extr*mist" gunned down by the po' po' anyway?  ...only to be made to look like a psychopath by the mainscream media.  No thanks.  I'll just watch it go down on t.v. (if that still exists) from somwhere in South America.  In the U.S., "the people" will line up, like good little slaves, just like they did in the UK and other places before, to turn in their dangerous weapons.  Only, this time, it will probably be in exchange for Monsanto "food" coupons and vaccines.  Eat up boys and girls!

Tue, 04/03/2012 - 15:37 | 2314282 magpie
magpie's picture

More like different types of rentseekers starting to eat each other.

Tue, 04/03/2012 - 15:38 | 2314288 jus_lite_reading
jus_lite_reading's picture

Heard from a bird to a dog that they think they can keep this going for another 10-15 years and they think they have everything under control....

That is when you know its time!!

Tue, 04/03/2012 - 15:13 | 2314140 Cursive
Cursive's picture

This self-reinforcing loop is going to hit a brick wall.

Tue, 04/03/2012 - 15:13 | 2314141 mantrid
mantrid's picture

soon it will simplify down to "policymakers take action" and "markets rally". permanent rally with no sell offs. see Zimbabwe.


Tue, 04/03/2012 - 19:29 | 2314985 The Disappointed
The Disappointed's picture

wash, rinse, repeat (ad infinitum or until Atlas shruggs, I guess)

I'm on strike, and proud to admit it.

Tue, 04/03/2012 - 15:13 | 2314143 carbonmutant
carbonmutant's picture

These markets are driven more by political rhetoric than political action...

Tue, 04/03/2012 - 15:13 | 2314146 mayhem_korner
mayhem_korner's picture



We often here the phrase "priced in"; I think today is "priced out" day.

Tue, 04/03/2012 - 15:14 | 2314147 vintageyz
Tue, 04/03/2012 - 15:14 | 2314151 francis_sawyer
francis_sawyer's picture

My cyclical flow chart looks like this...


Tue, 04/03/2012 - 15:27 | 2314232 onikoroshi
onikoroshi's picture

That's the cycle within the cycle.  Sorta like epicycles.

I believe you missed one about "policy makers meet at five star hotels to dither together."

Tue, 04/03/2012 - 15:31 | 2314256 morning_glory
morning_glory's picture

It's amazing they find enough time to organise the hookers!

Tue, 04/03/2012 - 15:15 | 2314156 chancee
chancee's picture

So go the futures, so goes about 2000 other stocks.  Why do we even need the rest of the market anymore?  Silly.

Tue, 04/03/2012 - 15:15 | 2314159 ss123
ss123's picture

Plus throw in a couple tornadoes in Dallas today and we're good to go.

Tue, 04/03/2012 - 15:16 | 2314163 nobusiness
nobusiness's picture

Can anything make this market go down for more than 1 hour?

Tue, 04/03/2012 - 15:34 | 2314268 rubearish10
rubearish10's picture

A rotten AAPL.

Tue, 04/03/2012 - 15:16 | 2314164 Christoph830
Christoph830's picture

I would adjust the arrows so they are weighted:


The green arrows should be much longer and the red arrows much shorter due to BTFD mentality

Tue, 04/03/2012 - 15:16 | 2314165 kato
kato's picture


Tue, 04/03/2012 - 15:16 | 2314166 MunX
MunX's picture

Are you guys watching the bond market?

Tue, 04/03/2012 - 15:21 | 2314204 whatsinaname
whatsinaname's picture

what bond market ? I did not know we had one.

Adele is singing for the next Bond movie. Thats all I know.


Tue, 04/03/2012 - 15:56 | 2314355 AlaricBalth
AlaricBalth's picture

Got my bonds at the Sado-Masochists R Us store. Prices seemed stabilized. What are you referring to?

Tue, 04/03/2012 - 15:18 | 2314167 AcidRastaHead
AcidRastaHead's picture

What?  You mean to tell me the stock market can actually go down?  And what does Mr Dithers have to do with all this?

Tue, 04/03/2012 - 15:35 | 2314270 AlaricBalth
AlaricBalth's picture
Mr. Dithers reaction to Dagwood upon hearing QE3 is kaput.

Tue, 04/03/2012 - 15:16 | 2314168 Instant Wealth
Instant Wealth's picture

Short the index and solar trash, waiting for the next sell off.

btw: Tylers, you were quoted by the Handelsblatt, yesterday ..

Tue, 04/03/2012 - 15:16 | 2314171 I Am Not a Copp...
I Am Not a Copper Top's picture


Tue, 04/03/2012 - 22:45 | 2315311 Let em push you...
Let em push you around's picture

May I please BTFD with extra leverage, sir?

Tue, 04/03/2012 - 15:16 | 2314174 arkm
arkm's picture

since when you believe that "outlook" follows "market"? wasn't the "green" market a bubble?

Tue, 04/03/2012 - 15:19 | 2314179 ObungaBoy
ObungaBoy's picture

Unless it doesn’t happen like that

This time the small investors and foreign investors are out of the “rally”

Wall Street is heavily loaded by expensive stocks and if the market goes down, it will not burn the small investors, which means that market will not go down, therefore QE3 will not take place and U.S. will have a issue – no one will buy U.S. debt anymore

Tue, 04/03/2012 - 15:18 | 2314183 TwoJacks
TwoJacks's picture

shouldn't that chart be shaped like a Slinky?

Tue, 04/03/2012 - 15:19 | 2314192 YesWeKahn
YesWeKahn's picture

Looks like Drug addict rehab cycles.

Tue, 04/03/2012 - 15:19 | 2314193 YesWeKahn
YesWeKahn's picture

Looks like Drug addict rehab cycles.

Tue, 04/03/2012 - 15:20 | 2314199 Hansel
Hansel's picture

Market is still up ~$9.50.  Who cares about all the rest of the pretenders.

Tue, 04/03/2012 - 15:25 | 2314225 Al Huxley
Al Huxley's picture

Good one.

Tue, 04/03/2012 - 15:35 | 2314273 rubearish10
rubearish10's picture

That's a big YUP!

Tue, 04/03/2012 - 15:42 | 2314301 Village Smithy
Village Smithy's picture

I had to follow that link to get that. Nice.

Tue, 04/03/2012 - 15:22 | 2314206 Silveramada
Silveramada's picture

people are really so stupid & they actually listen to Ben and the Fed???? amazing

Tue, 04/03/2012 - 15:36 | 2314277 lizzy36
lizzy36's picture

My dear, since March 2009, the only person and entity that people should have listened to was Bernanke and the Fed. Everything else is just noise.

The sole reason we went from 666 to 1420 on S&P was because of Bernanke and every other CB in the G7. Apparently doubling the balance sheets of CB's in 4 years is good for equities.

Tue, 04/03/2012 - 15:27 | 2314234 mtthw2
mtthw2's picture

Equities  will continue to climb until we get the "retail all in" signal.

Tue, 04/03/2012 - 16:13 | 2314447 SheepDog-One
SheepDog-One's picture

And retail will never buy, because theyre broke.

Tue, 04/03/2012 - 15:29 | 2314241 Madcow
Madcow's picture

bankers are good and short - so its time to drive down the markets 20-30% -

then, they'll go long - and the public will be screaming for more qe - and the markets will go up 30-40%


any retard can get rich if this is how we roll from now on -



Tue, 04/03/2012 - 16:27 | 2314502 SheepDog-One
SheepDog-One's picture

You believe so? I dont, I bet in fact markets regain their little -.3% down day here by open tomorrow. 

Tue, 04/03/2012 - 15:31 | 2314250 Hangfire
Hangfire's picture

Come on $1600, I've got junk paper to move!   

Tue, 04/03/2012 - 15:33 | 2314261 scatterbrains
scatterbrains's picture

Now if this were the 1A version of Tyler I'm pretty sure this whole graphic would be done in a toilet bowl swirl graphic with  "you are here" being represented by a floating turd.

Tue, 04/03/2012 - 16:30 | 2314509 Jethro
Jethro's picture

Or.....perhaps a human centipeded arranged in a circle.

Tue, 04/03/2012 - 15:33 | 2314264 q99x2
q99x2's picture

When do we get moved to the dryer?


BTFD until FB goes public. There are a lot of policies getting written with share values as payment. Nothing serious likely to happen until later.

Tue, 04/03/2012 - 15:41 | 2314294 BrokeDayTrader
BrokeDayTrader's picture

Sheet, they keep levitating these stupid tech and retail names?

WTF??  The Fed takes the heroin away, we should be limit down on everything

Tue, 04/03/2012 - 15:42 | 2314296 Guns N Metals
Guns N Metals's picture

I do Coke. So I can work longer. So I can earn more. So I can.... do more Coke.

Tue, 04/03/2012 - 15:42 | 2314302 MagicHandPuppet
MagicHandPuppet's picture

I wonder at point the cycle repeats fast enough to cook marshmellows.  I'm bullish s'mores!

Tue, 04/03/2012 - 15:43 | 2314307 Praetorian Guard
Tue, 04/03/2012 - 15:50 | 2314324 adr
adr's picture

Bernanke isn't doing a good enough job. IT SHOULD BE 100%!!!

Then we can have a self fulfilling Ponzi making everyone rich. Nobody ever has to pay because nobody actually ever gets paid, FUCKING PERFECT!!!


Tue, 04/03/2012 - 18:42 | 2314857 robertocarlos
robertocarlos's picture

Is that all they are buying. In theory they can buy 100% more.

Wed, 04/04/2012 - 02:02 | 2315530 hedgehog9999
hedgehog9999's picture

Isn't that QE without a loudspeaker?, come to think of it after a few beers I see things perfectly clear....

1. Bernake will ZIRP us for the next two years (nothing new to announce on fed meetings) we know that!

2 . Obamer needs to fund his constantly expanding deficits and extending the debt ceiling. We know the fed will print and buy as nobody is  stupid enough anymore to throw money at the treasury that will never get repaid and yields next to nothing.

   Nothing new there, Bernanke will print and buy debt ad nauseaum. wheather he lips it or not. 

Fed meetings are totally void and pointless any more as the the dice has already been rolled and we know the outcome.

No surprises any more as they have no levers, they are ZIRPED on one end and nailed to the expanding deficit on the other. If anything this fed meeting shows how powerless they are except their liying  lying lips....... 

Tue, 04/03/2012 - 15:47 | 2314319 adr
adr's picture



Anyone else notice that cycle is hopelessly broken. The problems destroying the economy are never actually fixed, it just gets papered over time after time. Eventually once the wall just becomes patch, it comes crumbling down and there isn't anybody left that knows how to build a new one.

God, I feel like I live Idiocracy every single day of my life. Where's my local Starbucks where I can get a "Hot Latte".

Tue, 04/03/2012 - 15:59 | 2314377 Praetorian Guard
Praetorian Guard's picture

...or take the family out to "Butt Fuckers" for dinner ;)

Tue, 04/03/2012 - 15:48 | 2314321 mholzman
mholzman's picture

Too bad it's not April 1st anymore; but, hey, the headlines turned the story today to auto sales soaring. Thank god we melted down all those "old" cars on the cash-for-clunkers/jobs, environment/"green thing" which sort of changed miles/gallon daily.

The poorest couldn't afford a used car afterthat. Maybe they decided to splurge now. Why not. There's a bail-out somewhere, or Obama-auto-care.


Tue, 04/03/2012 - 15:56 | 2314354 adr
adr's picture

GM dealers have over 750k cars on dealer lots but "sell" around 200k each month. Sell is in quotes because half that or more is bought by the government through fleet sales. Eventually the government will not be able to buy any more cars.

At the rate the inventory is expanding there will be more cars on lots than they can ever sell within a model year by June. So in fact they would need to stop producing cars completely for over a year just to sell off the inventory before it becomes obsolete.

But, I'm sure building more cars than you can actually sell in the time you have to sell them is a good business model.

Tue, 04/03/2012 - 16:29 | 2314507 pods
pods's picture

Well if they have the power to make you buy insurance, why not a car?


Tue, 04/03/2012 - 20:41 | 2315126 lotsoffun
lotsoffun's picture

and why not a Goverbnment Motors auto?

i really have to stop posting while i still have some mobility.


Tue, 04/03/2012 - 17:07 | 2314604 mholzman
mholzman's picture

Adr, thanks. This has been disturbing to me. I know nothing about the data on autos. I just remember a guy helping me with a tire and complaining that he could no longer afford to drive anything because there were no used cars for sale. then The point is that the pattern has not been right in my mind. It's coming up again. Bad patterns. Not sure sometimes if it is me or post-traumatic-stress-accounting-changes in September 2007. 

Thanks man. Meet me in Mexico. I'd rather deal with the drug cartels.


Tue, 04/03/2012 - 18:45 | 2314865 robertocarlos
robertocarlos's picture

Obama will pay the rent and make your car payment. Govt approved cars only.  

Tue, 04/03/2012 - 20:39 | 2315121 lotsoffun
lotsoffun's picture

big bad barry barack hussein soetoro obama will pay for anything you want.  if you vote for him.

(well i mean - he will pay with tax payer dollars.  which meaning tax payer like me is feeling pretty well chumped. geez,

after all these years, i hate being a sucker)

and after he wins he will have 'more flexability' to do anything he wants for his allies.  really.  think about that.


Tue, 04/03/2012 - 15:48 | 2314322 The worst trader
The worst trader's picture

Market rally tomorrow! just sayin........

Tue, 04/03/2012 - 15:51 | 2314325 nobusiness
nobusiness's picture

What fed minutes?  Back to where we were.  Cant short this fucking market ever.

Tue, 04/03/2012 - 15:52 | 2314332 nobusiness
nobusiness's picture

Look at PCLN are you kidding me.  1999

Tue, 04/03/2012 - 16:32 | 2314519 pods
pods's picture

Well 87 gajillion dollars printed has to go somewhere right?


Tue, 04/03/2012 - 15:54 | 2314342 alexanderstollznow
alexanderstollznow's picture

haha that graphic is just too funny!

the US stock market has been on a steady rally for 3 years in which time it has DOUBLED in value.  the gold rally (which was going to $3000, remember?) never got to $2000 and stallled almost a year ago.  hyperinflation just refuses to break out. in fact, it stubbornly refuses to move outside the target range.  QE3 isnt materialising, and isnt even close, let along QE4, QE5 etc (remember that call?). 

and now we have a graphic which makes it look like there is recurring cycle when there isnt.  and to cap it all off, you cant even laugh about Hatzius being wrong, because he is making the same call as ZH! 

Tue, 04/03/2012 - 16:31 | 2314512 ActionFive
ActionFive's picture

Looks like we have to fight another war to keep it that way.

Tue, 04/03/2012 - 17:10 | 2314611 spinone
spinone's picture

You are completely right. You ignore direct evidence of PD Fed funds being used to game the stock market and suppression of the gold market through paper derivatives. But you are completely right.

Tue, 04/03/2012 - 15:56 | 2314349 nobusiness
nobusiness's picture

Bad news was priced in.

Drop releived over bought conditions

By the dips

Don't fight the FED

never short a dull market

Cash on the sidelines

Stock buybacks

Obama can't afford a down market

Election year.

I guess it is all correct.

Tue, 04/03/2012 - 15:56 | 2314357 gringo28
gringo28's picture

you forgot to stipulate that this is a 24 hr cycle. BTFD. until October.

Tue, 04/03/2012 - 16:00 | 2314385 alexanderstollznow
alexanderstollznow's picture

this lack of economic disaster must be a real downer, especially given the the sell side banks which were "never" going to let the Greek CDS payout, actually did, the Greek default didnt cause the end of the sovereign debt market, and it turned out that Charles Dallara really did know what he was talking about.  bummer!

Tue, 04/03/2012 - 17:16 | 2314623 spinone
spinone's picture

You are completely right. They've done a great job so far....

Tue, 04/03/2012 - 18:54 | 2314889 Its_the_economy...
Its_the_economy_stupid's picture

Greek payout stalled until enough debt off-loaded, then regurgitated into new debt, now current, but not for long. Which of the big five wrote CDS on the new debt, my guess, none, EU subordinated all other senior debt because they no a bath is coming.

Tue, 04/03/2012 - 16:01 | 2314391 Benjamin Glutton
Benjamin Glutton's picture

what pct. increase for fed treasuries purchases each lap of QE...I assume we will be at 100% soon.

Tue, 04/03/2012 - 16:02 | 2314398 Pete15
Pete15's picture

This sell off isnt that huge at all today. Thats just shows how much inflation we have, there is an elevated price level in all assets. Just look at central bank balance sheets that will keep things elevated. I think everyone needs to re-watch this Jim Rickards interview today Clarifies what we are seeing lately. 


Tue, 04/03/2012 - 16:30 | 2314510 SheepDog-One
SheepDog-One's picture

'this selloff not that huge'? What, barely -50 DOW points? Be regained by open tomorrow...FED cant allow equities to go down longer than 1 day, theyre in emergency mode now, pump no matter what.

Tue, 04/03/2012 - 17:14 | 2314620 Pete15
Pete15's picture

Yes we have seen bigger sell offs when the market hears its not getting any more free money. Why not today, because the central banks have inflated and manipulated this market so bad that it will take one hell of a deflation to hurt it. Plus retail investors arnt balls deep in the market like they were in 08. This is a game of gradual inflation and currency wars. Remember who owns the fucking casino deflation ant in the cards. 

Tue, 04/03/2012 - 16:23 | 2314480 TradingJoe
TradingJoe's picture

"Make as much money as you possibly can, through whatever means necessary .... and LEAVEEEEEE"!!!! Forget about hunkering down, ammo, guns, food etc. won't work...not with 300M people at sleep!

Tue, 04/03/2012 - 16:32 | 2314517 NotApplicable
NotApplicable's picture

Got a spaceship, I take it?

Tue, 04/03/2012 - 16:33 | 2314518 Ima anal sphincter
Ima anal sphincter's picture

I'll stay. Some of us want to clean this up. Running and hiding ain't going to cut it. We wouldn't even be here if some "brave men" had not stood up to these assholes and said "no more."

I'm saying......NO MORE!

Tue, 04/03/2012 - 16:31 | 2314513 NotApplicable
NotApplicable's picture

Must. Increase. Vigor.

Ever spin a merry-go-round full of kids in a playground so fast that they're hanging on for their dear lives, while screaming about their predicament?

This graphic is just like that. Only instead of having to use his own energy, The Bernank has a magic button to apply more energy to the system. While the kids know that there's a limit to how fast I can spin it, and that they can manage to hang on until I tire (if they react intelligently), we lack that limit with The Bernank.

Nope, the only limit is how fast it can be spun until it self-destructs (a non-survivable event). The only survival strategy available? Stay the fuck out of the playground!

Tue, 04/03/2012 - 20:29 | 2315102 lotsoffun
lotsoffun's picture

that is really the best analogy i have ever seen.  and i live in nyc - and remember well 20 years ago when all the monkey bars and hanging type stuff wer removed because of fear for lawsuits.  we had push merry go rounds everywhere when i was a kid and swings also and of course we all pushed it to the limit as 5,6,7 year olds.  anyone seen a see-saw in nyc recently?  in nyc they are all gone.  as i'm typing, now i'm thinking.  maybe one day the perverted bernake will be gone also.  because if you aren't using muscle power to spin the rides around, then it's fake daddy, itsn't it?  daddy, push faster. one day - we will have fun, children will play in parks and there won't be a 'steve jobs memorial day'.  the public will see thru bernake and his day will be sort of a ground hogs day, like guy fowlkes is here in america, something vaguely remembered, not really understood or know as well for example as it is in the uk - along the lines 'did you hear about how this guy bernake was trying to ruin the country and how he whined and whined when the people found him hiding in  ...'  

Tue, 04/03/2012 - 16:55 | 2314564 BudFox2012
BudFox2012's picture

I like the Jim Cramer cycle better


Bullish Rant
Bullish Rant
Bullish Rant
Lose Your Ass Listening to this clown
Bullish Rant

on, and on, and on...

Tue, 04/03/2012 - 17:19 | 2314626 CaptainTripps
CaptainTripps's picture

cramer on realmoney already justifying why people are wrong to sell, etc


day 1 of a sell off and these permabulls are out in force as usual

Tue, 04/03/2012 - 18:12 | 2314769 Virot
Virot's picture

Is there an end to this?  

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