I don’t care about the European crisis or a US slowdown. All I want to know is where the fuck are stocks going tomorrow?
I am going to hammer a fucking rail spike through your fucking craniums tomorrow, stealing presents from under Zerohedge’s tree. I’m long the same level for about two weeks now, 75% equities/25% cash. I haven’t spent the cash because, frankly, I was a pussy. But now the worm is turning and it’s for no good reason.
Rallies on faux news gets me nervous. However, monstrous melt ups for no reason other than to ignorantly paint tapes and manipulate prices higher is dangerous, for the shorts that is. You do not stand a chance against the tidal wave of pension and hedge fund dollars about to flood the market for one last hoorah!
In exactly one year from today, based upon the prophecies of the Mayans, the world will end. If we are in the 9th inning of civilization, who gives a fuck about Italian bond yields and Greek protestors?
PFFFFFFFFFFFFFFFFFFFFFFFFF.
Get your RICK ROSS on and feed that fucking gorilla a kilo of uncut cocaine. One for the road.
http://www.youtube.com/watch?v=X99NHkybwbQ
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Bible > Mayans
ha, right.
I prefer, “On the Origin of Species”
its sooooooooo damn sad that he didn’t hand his theory to the world in pieces. its just ONE of the pieces that causes all of the controvery when much of the rest is no more disputable than “4+2=6”
(ducks and waits for the hyper-conservative “don’t bother me with facts, motherfukka” crowd to attack)
perhaps evolution was directed by God….
Huh?
Think about it. ….ever notice that the progression of evolution as we understand it currently, dovetails nicely with the account of creation told in the Bible?
It always puzzled me how the Bible account tells of light being created prior to there being sun, moon and stars. The Big Bang theory would be a plausible explanation.
The order in which life appeared in the Bible also fits what scientists are discovering also. Lower orders and water dwellers first, then higher life forms on land.
That part of the Bible was written 4-5,000 years ago. How could those ancient people know what modern scientists have only discovered in the last 150 years?
just sayin…..food for thought ya know…….
I am slightly concerned about the existing homes sales data, which have been double counted (on accident) since 2008.
That could hurt.
Perception trumps reality.
That has already been announced. The jig is up. So if it was going to hurt it should have already done so, no?
Home sales were/are/will be in the murder hole for a long time. Auto sales will lead this economy out of recession.
Auto sales? Gm is channel stuffing. Number of cars on lots is record high. Ninja loans migrated to auto industry
I would no longer say car buying will produce gdp growth as would smart phone hard and soft carrying cases would
if they just tarped eurotrashland?. its party on. problem solved, right?
The market jumps on every fucking bullshit acronym the financial engineers can conjur up.
The latest is LTRO.
for MONTHS now i’ve gotten the impression that the market REALLY WANTS to go up. Its just that the news has been absolutely disastrous. Europe doing everything exactly wrong:
Austerity in a current account deficit nations: exactly wrong (can’t lower deficit significantly, essentially guaranteed to force a recession without end)
Euro: worst monetary system in human history (even the gold standard printed money day in and day out and in LARGE quantities, but with no rhyme or reason to when a burst of printing would arrive. But never mind facts…)
The US politicians are practically hell bent to cause as much trouble as possible, with the repubs leading the way hoping to tank the economy and knowing full well that this will help them win the whitehouse and probably knowing full well they will have to pump some money into the economy soon thereafter…
And then we have the ranting and fire-breathingly ignant (if well meaning) tea party crowd, headed up by the king of morons, that Ryan guy (again, i’m sure he is well meaning)… who holler and rant and come to fantastical conclusions like “the less the government spends the better the economy will be, and if it pays off the debt we will ALL be rich”…
Despite the HISTORICAL FACT that EVERY. SINGLE. TIME. The US gov’t has run a meaningful surplus a depression followed, EVERY TIME, this being the 7th time.
But who cares about history, or how the monetary system works, goddammit, we’ll all be rich if the government just pays off its debt.
Not much is going good in the world.
Despite this the market really has been acting like it somewhat means to rally, if somebody, somewhere, who is actually in charge, would just grow a brain.
Nice try; fact is, that Keynes is dead and his theories dead-er.
@MCPJ: This has nothing to do with Keynes or his theories. This is based on the workings of fiat monetary systems. Austerity in current account deficit economies where private sector is deleveraging leads to recession. Unfortunately this fact falls on dumb politicians’ ears.
@Checklist: Spare your emotions—you cannot teach one, for one can only learn himself. We’re here to play the outcomes, not to judge their merits. You know that we’re well-equipped to predict these outcomes and position ourselves accordingly. Let the ignorants be on the other side of the trade.
$15 Trillion national debt. How high can we go?
To me, the occupy crowd is a lot more ignorant than the Tea Party folks. They were out there protesting first. And they cleaned up their messes.
At least until the real economic constraints come into play: GDP gap is filled and 8.6% unemployment rate is back to pre-recessionary levels.
Rallies on faux news means we’re trending higher from a lower pivot! If we break through 127s, 134s are around the corner
#FLYISONTOSOMETHINGASUSUAL
I agree completely. The market seems like it is melting up for no reason, but woodshedder showed us all the map last week with his chart. It clearly showed that the 14th trading day is when the cocaine gorilla rally would begin.
Sadly for some, more likely than not…this “rally” will be SOLD.
And so it goes!!!
Wud up from Santa Barbara.
I must say, there were some hieroglyphs in the Court House tower housing it’s bells.
I spent the time to decipher, it said:
“Time for a clam bake.”
HA!
Plane crashed in Texas today. The pilot was from Mount Clam, TX.
No joke.
____________
LTRO, will the banks really invest in Italy bonds for about a 4% spread profit? IMHO, not worth the risk cuz everyone will sell the banks so hard if Club Med continues its freefall…we will know in about an hour how much risk these banks are really ready to make.
i hope this doesnt turn bad for you, as they give out money to banks(europe) , you have to ask why? will this stem the tide?
papering over a problem that requires growth.who will take the risk and for how long?
flea, your writing has been extra good lately … your uncle or whomever is smiling
I think I saw Merlin in the green room.
The one day Santa rally may already be over!Painful I know! We need to end today on a positive note for any hope of a rally to continue through Christmas.
What happened in Europe this morning? Most indices were up over 2% at one point?
Never mind!
http://www.bloomberg.com/news/2011-12-21/asian-stocks-jump-as-euro-gains-on-u-s-growth-europe-bond-risk-declines.html