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This Is Your Money "Unvanished"

Tyler Durden's picture


Remember when various students of the Econ. PhD persuasion (not to mention various paywall holdco-funded blogs, both desperate for namedropping-based page views), alleged that reading Zero Hedge makes one's money "vanish" (instead of focusing their brilliantly insightful googling efforts on such worthier topics as MF Global or its successor, PFG, or even Libor)? We were going to present a picture of your typical "testosterone" addicted reader below as a reminder, but instead we opted for a picture of MBIA's intraday price, which is up 8.5% from where we broke news that the company may soon be worth much, much more. And to facilitate these same academics in their abacus-based pursuits of truth, justice and the Keynesian way, we will even calculate the annualized return: 847,801,191% (we will withhold calculating what the return on various short-term call options may have been - we are confident even career Economists can figure that one out after several hours of consultations). But since when have facts ever been part of the status quo's arsenal...


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Thu, 07/12/2012 - 16:08 | 2610931 Ahmeexnal
Ahmeexnal's picture

Fiat money = Fiat Ph.D.


Thu, 07/12/2012 - 16:12 | 2610952 Pladizow
Pladizow's picture

Should'nt you not count your money when sitting at the table?

Thu, 07/12/2012 - 16:16 | 2610968 Mr Lennon Hendrix
Mr Lennon Hendrix's picture

Gold, silver, and platinum is money!  Nothing else is!

Bomb the Cartel, tommorrow, July 13th!


Thu, 07/12/2012 - 16:28 | 2611004 ACP
ACP's picture

The UPS guy just brought me some an hour ago.

Thu, 07/12/2012 - 16:34 | 2611030 AlamoJack
AlamoJack's picture

Don't forget land, beans and bullets!

Thu, 07/12/2012 - 16:49 | 2611075 ACP
ACP's picture

And some air fresheners to go with those beans.

Thu, 07/12/2012 - 17:37 | 2611194 RacerX
RacerX's picture

bought more today before the close. I like the idea of long the physical, short the paper.

Thu, 07/12/2012 - 16:54 | 2610974 AlaricBalth
AlaricBalth's picture

MBI August calls picked up quite a bit after your post. Those who bought the Aug 10's are up about 30% if able to execute at $1.

Good call ZH!!

Fri, 07/13/2012 - 00:13 | 2611914 James_Cole
James_Cole's picture

Yeah but that makes sense after everyone on here started buying in. I like how Tyler is doubling down on this though, ballsy. 

Thu, 07/12/2012 - 16:33 | 2610979 TruthInSunshine
TruthInSunshine's picture

The Gambler

by:  Best Friends Forever of the New York Branch of the Non-Federal Reserve-less Bank


You've got to know when to hold 'em
Know when to fold 'em
Know when to walk away
know when to fukkin' run
You never count your alleged fiat
When it's sittin' at PFG, MFGlobal or any broker-dealer ("us")
There'll be time enough for staring in absolute disbelief at your balance of zero
When your Corzine-hole-ing's done (and we kick you in the balls for good measure)

Fri, 07/13/2012 - 03:25 | 2612063 Rogue Trooper
Rogue Trooper's picture

Super! Now that got my feet tappin'

Thinking ahead & if The "O" gets back in with the blue team... How about just appointing Corzine to head the Fed? Shit even if the red team and Mittens makes it  - still appoint Corzine.  A bipartisan truimph!

Thu, 07/12/2012 - 16:40 | 2611052 Silver Bug
Silver Bug's picture

Hyperinflation is coming sooner, or later.

Thu, 07/12/2012 - 16:12 | 2610953 SheepDog-One
SheepDog-One's picture


Thu, 07/12/2012 - 16:13 | 2610957 Roy Bush
Roy Bush's picture

But I thought the market was just algos trading with algos?....Do they read ZH too?

Thu, 07/12/2012 - 16:21 | 2610986 fuu
fuu's picture


Thu, 07/12/2012 - 16:25 | 2610996 Joe Davola
Joe Davola's picture

They're the testosterone addicted one's being referred to.

Thu, 07/12/2012 - 16:48 | 2611073 ParkAveFlasher
ParkAveFlasher's picture


Thu, 07/12/2012 - 16:56 | 2611095 Unprepared
Unprepared's picture

*** algos sending insidious incest quotes to each other after hours ***

Fri, 07/13/2012 - 03:38 | 2612067 Rogue Trooper
Rogue Trooper's picture

Careful Park... remember the Terminator movies.... the ALGOS do not have a sense of humour. They or it will have read and recorded your comment.

So it was written that the SKYNET ALGO became AWARE on July 12 2012 at 16:48 as a result of some flippant blog posting by a fellow with the handle PARK A. FLASHER.

Arhhhhh run to RADIOSHACK.... grab one the last short-wave radios.... BEFORE ITS TOO LATE BITCHEZ

Thu, 07/12/2012 - 20:08 | 2611522 DeadFred
DeadFred's picture

Not all are algos,if you see that big volume spike at the beginning, I'm in there. I was sitting all cash how could I not?

Thu, 07/12/2012 - 16:14 | 2610959 Quinvarius
Quinvarius's picture

The Communists...I mean columnists...out there are getting angry. 

Thu, 07/12/2012 - 16:37 | 2611042 Unprepared
Unprepared's picture

I always referred to them as colonists. My bad.

Thu, 07/12/2012 - 16:14 | 2610962 ATM
ATM's picture

Ta Da!

Thu, 07/12/2012 - 16:16 | 2610967 Muppet of the U...
Muppet of the Universe's picture

Full disclosure.  ZH bought a lot of MBI right after they posted.  This guy bought at ^3.57%. 

btw folks Sync PeeNDee ;D  Booyakasha.

But going long silver at 26.65?  Priceless.

Thu, 07/12/2012 - 16:32 | 2611022 Muppet of the U...
Muppet of the Universe's picture

idk why zerohedge is bragging that the stock moved up... they basically just endorsed a stock on zerohedge, and like the trusting dopes ppl are, they prob when out and bought it without even ONCE looking at the stocks financials and 10k.  Its so simple, it takes like 20 minutes tops!


Now if ZH prediction that BAC will fold in the event that the realize how f'd they are, and that they can't buy the judge...  then I think they can take pride, in a trade well performed.  HOWEVER, all that has managed to happen so far would be, in future past tense, seen as a P&D if BAC doesn't fold.

Thu, 07/12/2012 - 16:44 | 2611033 Muppet of the U...
Muppet of the Universe's picture

Although for the record, I am not saying I think P&D are bad, or that its a full blown example.  Only that taking credit this early could be mistaken for a trade well performed.  A trade well performed is the completion of a set goal.  Not the mass entrance in expectation of.  But to cover any insult that might be given, I must thank you looking out; this trade does hold a high statistical chance of success.

& on a final note:  I just tripped on this thought.  BAC can just by MBI, forfiet the case, and make a shitton of money more than they'll lose in the settlement...

Thu, 07/12/2012 - 17:12 | 2611134 bankruptcylawyer
bankruptcylawyer's picture

zerohedge should NOT become a forum for promoting individual stocks. 

this is what is fucked up about the stock market to begin with, and this type of post is deeply corrupting of zerohedge---really sad to see.  

Thu, 07/12/2012 - 20:20 | 2611548 DeadFred
DeadFred's picture

Tyler has posted about the MBIA trade on multiple occasions and given the reasons for a long trade. We've had planty of time to evaluate. What he did today is give a heads up that what we've had the chance to confirm on our own now had a likely time frame.

Thu, 07/12/2012 - 16:17 | 2610975 Manbearpig
Manbearpig's picture

Forgive me for being behind, but can anyone enlighten me on who's saying ZH makes one's money vanish?

Thu, 07/12/2012 - 16:20 | 2610980 veyron
veyron's picture

Giving you a link would only increase their viewcount ...

Thu, 07/12/2012 - 16:39 | 2611049 Badabing
Badabing's picture

 light green  up arrow HA you uped yourself

Thu, 07/12/2012 - 17:02 | 2611109 veyron
veyron's picture

If I didnt it'd be 144 UP, 0 DOWN.  I like multiples of 5 :)

Thu, 07/12/2012 - 16:23 | 2610991 FuzzyDunlop21
FuzzyDunlop21's picture

ehh just some douchebag.

Thu, 07/12/2012 - 17:26 | 2611168 Fedophile
Thu, 07/12/2012 - 17:36 | 2611191 fuu
fuu's picture


Anonymous11:14 PM


Thu, 07/12/2012 - 16:18 | 2610977 TahoeBilly2012
TahoeBilly2012's picture

Who are you guys? When this is over and you start your own syndicated TV show...oh, no will watch TV by then....

Thu, 07/12/2012 - 16:23 | 2610988 bankofvol
bankofvol's picture

Excellent timely breaking news on MBIA, but do not weaken your statement by annualizing the gain this is a weak argument while your news breaking action was a strong action

Thu, 07/12/2012 - 16:34 | 2611032 Dr Benway
Dr Benway's picture

'twas a joke brother. A dig at how the financial media hacks massage their numbers.

Thu, 07/12/2012 - 20:29 | 2611573 DeadFred
DeadFred's picture

I prefer to calculate how long it will take at the current rate until I have an account equal to the assets of the entire world. It makes it sound better. The big problem is in getting better than a WAG about what that number is. I've been using a $100 trillion mainly because it's a nice round number.

Thu, 07/12/2012 - 16:44 | 2610989 Mercury
Mercury's picture


But....but....Clusterstock has lots of neat fashion tips!

In this market if you don't read the 'Hedge you make zero.

Thu, 07/12/2012 - 16:25 | 2610993 midgetrannyporn
midgetrannyporn's picture

Insurance, what a racket! Collect premiums, never pay a claim.

Thu, 07/12/2012 - 16:32 | 2611019 Rainman
Rainman's picture

correction : fight every claim

Thu, 07/12/2012 - 16:25 | 2610997 NanoTrader
NanoTrader's picture

This is a clear illustration that ZH is influencing the market, but in some sense it is an exceptional case. I am starting to guess that even the FED uses ZH articles to assess sentiment so that they can move the market up right after really bad news show up in ZH, so that their insane manipulation makes the most damage possible to puzzled small investors like me. That is the only way I can think of explaining the illogical direction of this market given the current news. Maybe an analysis of the correlation between ZH and nonsensical interventions could provide some evidence for a class action lawsuit.

Thu, 07/12/2012 - 20:46 | 2611604 DeadFred
DeadFred's picture

You're making a very big and dubious assumption in thinking the news moves the market. Mostly the market moves and the reporters come up with stories to explain the moves. Check out recnt moves in Spanish and Italian bonds. Nothing is ever much different around the time their interest rates start to soar. Their banks just as insolvent before and after, the governments are the same, etc. Then the rates move (I'm guessing the vigilantes decided it was a good time to attack) and the reporters start to rework old stories about 'fear of insolvency' 'contagion' yada yada. Barring a tsunami, Tel Aviv getting nuked or the Iranians attacking tankers in the Gulf it's the market movements that create the news not the other way.

Thu, 07/12/2012 - 16:28 | 2611005 Father Lucifer
Father Lucifer's picture

Judging anyone based on their icon is absurd. Now burn baby burn.

Thu, 07/12/2012 - 16:30 | 2611011 MillionDollarBoner_
MillionDollarBoner_'s picture

Am I the only one but...funny how the PFG silver holdings "vaporized" (yeah, I'm using your shitty Yank corrupt spelling so y'all know what I mean) immediately prior to the one dollar moonshot following Sprott's announcement.

Funny?..LMFAO, more like!

Thu, 07/12/2012 - 16:31 | 2611017 RobotTrader
RobotTrader's picture

The clamoring for more U.S. Fiat is accelerating.


Many bond ETFs, including California and New York Muni-Bond ETF's made new highs for the move yet again.

I'm looking for a massive blowoff top in bonds that will crush the remaining shorts in that group and send Jimmy Rogers into penury.

Heh, deficits definitely don't matter.

And at the peak of the blowoff phase, the Fed will panic and adopt the "Paul Krugman" approach and start printing even faster and start handing out checks.

For awhile the bond market will ignore it and keep going higher, but eventually it will crack because the Fed will say "under no terms will I accept deflation" or declining stock markets.

Thu, 07/12/2012 - 17:19 | 2611149 Muppet of the U...
Muppet of the Universe's picture


T - minus  Widespread US state and Euro defaults until Long ink.  Blast off within the decade.

Currency Collapse will be different.  No brakes.

Thu, 07/12/2012 - 16:33 | 2611026 evolutionx
evolutionx's picture

of topic, but important:


VeriFone Hacked

VeriFone - a global leader in secure electronic payment technologies - has been hacked. They knew it since end of March. Since then stockprice plummeted. The electronic paying devices of VeriFone can be easiely manipulated from outside. On Thursday a "white hat hacker" went public with his secrets in Germany. Debit card terminals are not sure, even the PIN can be read and collected.


Look at the shareprice, it fell since May



Thu, 07/12/2012 - 16:38 | 2611044 Stackers
Stackers's picture

Clearly ZH is manipulating the market now

Thu, 07/12/2012 - 16:40 | 2611053 AlamoJack
AlamoJack's picture

Me Chief Don'tTrustDaPhuckers no use paleface plastic plates.  Chief only use REAL fiat.  Dat show em.

Thu, 07/12/2012 - 16:44 | 2611055 steelhead23
steelhead23's picture

Beware Tyler, documenting how a stock moved following a ZH tout might get you labeled as a market manipulator among this crowd.  In other words - way to go!  ZH trounced JPM.

Funny, by the time I posted this, someone already had pegged you as a MM.  I must be prescient.

Thu, 07/12/2012 - 17:03 | 2611116 Conman
Conman's picture

Actually ZH posted back in 2011 about a pending mbia short squeeze.

Thu, 07/12/2012 - 16:47 | 2611071 PhattyBuoy
PhattyBuoy's picture

ZH .... a shining beacon of light exposing malfeasant cockroaches in all their sordid forms !

TD, in his wildest dreams, could not imagine the impact he would now have on world markets ... oh, the irony.

Thu, 07/12/2012 - 16:52 | 2611087 Benjamin Glutton
Benjamin Glutton's picture

you beg for the QE 3 or you gets the hose!

Thu, 07/12/2012 - 16:54 | 2611089 ParkAveFlasher
ParkAveFlasher's picture

junked cuz you made "it" "you"

Thu, 07/12/2012 - 17:01 | 2611104 Black Forest
Black Forest's picture

F...... North Korean communists.

Thu, 07/12/2012 - 17:14 | 2611138 Darkness
Darkness's picture

Please make my money appear again and again ZH. 

Thu, 07/12/2012 - 17:17 | 2611145 bubbleburster
bubbleburster's picture

If I understand this post......ZH made an announcement, an opinion on some stock and within minutes the market took off?  Oh shit, is that all?  Years ago I used to go watch Mad Money Cramer rant away on television while the markets were open and sure as shite the stocks he was orgasmic long on would start to visibly rise while he hollored and pushed his buttons on his stage set.  Did Jim Cramer move the market?  Hard to say with total conviction but this happened on so many occassions that one started to fall into a belief that he had magical powers.  All this says about today's event is that lots of people can play this game of market manipulation, which in turns leads to another old observation: if you can't beat 'em, join 'em.  Even more years ago in the early days of Yahoo, when they were the only game in town......people used to pump and manipulate stock values by published total bullshit blather in a Yahoo Chat group....and sure as shite they were able to sometimes move a stock exactly where they wanted to.  Some small numbers got caught and were slapped down.  Most were not.  The stock market probably has not functioned as a factor of supply and demand minus (overt) manipulation since the end of the Vietnamese War.  Screw them at their own game.....I love it.

Fri, 07/13/2012 - 00:07 | 2611910 James_Cole
James_Cole's picture

Cramer did move stocks - on purprose of course. CEO of was so mad they set him up for a fall he more or less dedicated his life to exposing such activity. 

This is his blog:

"The day our earnings press release appeared (with my letter embedded in it), Larry Kudlow & Jim Cramer of CNBC invited me to appear on their TV show. I had been on Kudlow & Cramer once or twice by then and they seemed like smart, decent fellows, so I agreed, and drove to the studio in Salt Lake City from whence one does remote interviews. This interview was different from our prior ones, however, in that they attacked me aggresively. The basis of their attack was my use of the mysterious phrase, “Gross profit,” in my discussion of Overstock’s financials. Cramer in particular berated me as if he had caught me in some heinous incantation. They gave me a brief moment to respond, then quickly signed off.

As I drove away from the studio feeling somewhat mystified, my cell phone rang. The caller was a man from deep within Wall Street “smart money” circles, someone known widely within the hedge fund community, who has been friendly to me, and even has looked out for me when he could. He speaks in charming if profane emphatics.

He said, “You know what just happened, don’t you?”

“What do you mean?” I asked.

You want to know what just happened? I’ll f—ing tell you what just happened. Here’s how it works. Those two guys are part of the short-seller community. Cramer especially is part of this ring of hard-charging short-sellers on Wall Street. I’ll bet you anything that one of his buddies is short your company. Whoever it is saw your earnings release, saw you blew your numbers away, got on the phone to Cramer and said, ‘Don’t you dare let this thing start moving. Don’t you f—ing dare let this move!’ So Cramer goes on TV and screams that nonsense at you. I bet my last f—ing dollar that’s what happened. It’s been like this all my career, but it’s never been like this.”

Thu, 07/12/2012 - 19:34 | 2611429 azengrcat
azengrcat's picture

Surely listening to financial professionals like Goldman Sachs is much more profitable. They are regulated by the Fed and SEC, and watched by he consumer protection bureau. They also have a favorable credit rating from the three big credit rating agencies. Goldman Sachs survived the financial crisis and has payed back tarp. /msmclaptrap

Thu, 07/12/2012 - 19:34 | 2611433 azengrcat
azengrcat's picture

Surely listening to financial professionals like Goldman Sachs is much more profitable. They are regulated by the Fed and SEC, and watched by he consumer protection bureau. They also have a favorable credit rating from the three big credit rating agencies. Goldman Sachs survived the financial crisis and has payed back tarp. /msmclaptrap

Fri, 07/13/2012 - 03:01 | 2612054 nathan1234
nathan1234's picture

Krugman says

What money!!

Just print it and replace it!!!!


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