LET’S TALK ABOUT THE FUCKING GORILLA ALREADY
Fine, I will broach the subject of bastard French and Greek election results. This should come as no surprise, as the world knew who was going to win. Nevertheless, in true fucktarded stock market form, we’re all drama Queens tonight, machinating about the ongoings in Athens and how it pertains to the Euro.
“The Euro is going to fucking collapse under the weight of heavy Greek lounge chairs, vacationing in Skopelos.”
So both France and Greece are moving away from austerity. Explain to me how that is worse for stocks, aside from the fact that German brinksmanship stands in the way?
Stock are knifing lower now because of uncertainty. This is the fucking story that just won’t die. It’s like the boogieman, God damn it, Michael Myers in all of his pomp and grandeur. Shares of Apple are down 16 of 18 days, or something like that. For what? Law of large numbers, plush with $112 billion in cash? I can’t think of a safer haven.
Nevertheless, the men wrapped in burlap will have a lovely sleep tonight, dreaming of nightmarish scenarios, all surrounding around the idea of large capital losses, margin calls and outright death and mayhem. These people are sick and deranged, well deserving of electric shock treatment. Don’t bother poking sticks at me, in an effort to agitate. I am already as mad as can be, heavily long, albeit grandpa stocks, into the teeth of yet another hazard.
Time and effort is what I stand to lose, time and effort. It took a lot of time and effort to get to where I am today. And, it will take even more time to regain all of the fucking money I stand to lose tomorrow. One way or another, I will come out on top, as I have always managed to do. But this shit is testing the outer limits of my controlled insanity to the point of no return.
Having said all of that, I am sure Ben Bernanke is watching the action, whilst smoking his blunts filled with marijuana, declaring “watch, son, I’m gonna get those bitches real good this time.”
Nothing has changed, just the curtains on the living room window.
36 Responses to LET’S TALK ABOUT THE FUCKING GORILLA ALREADY
Church
Reply
greece was the surprise
i think we may be headed much lower….ima guess 1250
Reply
QE @ 1050 still? that would commods much lower esp crude. Then pump into election time.
Fly, if you were heavy in cash at levels would you start adding?
Reply
Maybe a little.
Reply
The same thing is happening here. Hide stagnation through commodity inflation.
Rich people don’t give a fuck about the price of gasoline or food. I know these assholes.
They fly to the beach on their private aircraft every weekend.
The economy is the working man’s problem.
Reply
I was so tempted to load up short friday but didn’t, figuring this was all “baked in.” Bottom line – nothing is baked-in when it comes to the Eurozone – other than the baked-brain math being used there (and here). Germans have been resigning ECB positions for over a year, in dissent with ECB policy, some of which is probably a breach of Charter (but what the hell, US Fed has been ignoring such trivial nonsense for years now. The only constant we can count on is Uncle Ben smoking his blunts and occasionally dropping ashes in bearshitters eyes…for a while longer.
Reply
SLW itself looks okay for a buy here. The other miners and PM’s do not look quite ready yet, though.
Reply
Lock n load baby. RGR and SWHC going up tomorrow. The end is near.
Reply
Oil will go to $10bbl. I’m sure of this!
$ERY…….9.33
Reply
Do you say anything else?
Reply
You were about breakeven just 4 days ago. Did you get nervous?
Reply
What amazes me, is just how little time it took.
They got their wish, of a “global economy” now.
The cream was swiped off the top, long, long ago.
Our population doesn’t factor in to it much, if at all.
It seems that the corporate-government partnership, has apparently eaten it’s own. (a/k/a: Fascism)
That leaves little, in the way of solutions for the good ole’ U.S.A.
Unless someone out there has a brilliant idea to get us out of this mess.
Outsourcing and the global agenda wasn’t looking out for the American working man.
Who are they going to blame THAT one on?
Reply
Greece and France being anti austerity is bad for market because it means the euro is going to collapse in chaotic fashion. Get ready for a slide. And for those looking for an slw but, I suggest using a tight stop
Reply
“Ben Bernanke is watching the action, whilst smoking his blunts filled with marijuana, declaring “watch, son, I’m gonna get those bitches real good this time.”
Reply
Doesn’t austerity kill economic growth? So wouldn’t this be good for the stock market?
Reply
That’s the mantra, Austerty kills growth…in the end though, it’s pay me now or pay me later. I suspect in ‘normal’ times austerity would be a bad choice for common biz cycle slowdowns. But that’s not this animal. Post WW I this same dynamic took place with the Germans having to renegotiate their Versailles terms…this was agreed to each time as no one wanted the Germans to default but in the end they did as the terms were unworkable.. This isn’t quite the same but getting there. Adding debt (and a lot of it) to cure insolvency? Really? I guess I need a tour in a re-education camp.
Reply
I think what austerity does the best, is it pisses people off.
They came up with a nice-sounding word for: “you’re screwed”
It hasn’t even hit the US yet, in terms of the big wake-up call to the masses.
I can’t blame them. They are lied to about the recovery everyday, by the MSM news.
When you HONESTLY assess the current place we are in, constitutionally, we are done- without a miracle in November.
Hey, just for the hell of it, lets vote for the anti-establishment candidate!
Reply
Ben Bernanke is watching Desperate Housewives.. because he can… and
we will do just fine 
what if the clam wants to kill zerohedge more than save the stockmarket right now. bankers can go short. the commodity complex has traded wrong all year.
Reply
Explain to me how [1, Euro debtors are] worse for stocks, aside from the fact that (2) German brinksmanship stands in the way?
1] Might I suggest reviewing all Milken Institute videos I mentioned this weekend. Studiously study back to said Euro creating.
2) Lol. We don’t even (deserve to) get the European made appliances here in America. You MIGHT get a chance to APPRECIATE them at a CES. Maybe. We get the mass produced-Asian products (no insults intended) appliances (with “LED’s” and “steel finish”) that “German” made equipment facilitates.
If the above, in two, is difficult, your mom’s a whore.
Reply
We’re in the process of forming an intermediate cycle low in gold and the dollar has already moved below 78.65, so it’s about done climbing now and ready to roll over as left-translated dollar cycles often peak within the first week. Bottom line is it’s all good although there may some pain first. Just don’t get shaken out.
Reply
Nothing is a surprise, except the fact that many market players don’t do Macro Analysis. IMHO, The Clam is fucked with the revisited up numbers on NFP for the previous months and the CPI data we have been having. They shot their wad in LTRO and even Draghai has no interest these days.
Reply
you again. the permabearshitter. in some delusional world you must suppose some sort of relevance. the permabulltards think likewise.
Reply
Yep, Me again. It is clear you are not a market junkie. How can you waste time with simple name calling on such a fun night tonight…I have been waiting since Dec 2011 for these elections.
Reply
Futures are down a whopping 11 points. Oh no, run for the hills.
Reply
France just went green on the day. Bears are going to wake up with Uncle Ben’s nuts resting on their lips.
Reply
“The Clam is fucked ”
lololololol
You just never learn.
Reply
Another fantastic contrarian call. Thanks for what you do baby.
Reply
SPOO ONLY -6 NOW
Reply
Don’t worry, I got this.
Reply
thanks ben,
Reply
The fact futures aren’t down more is actually short term bearish. Intermediate term were definitely bearish
Reply
Yep, I would be more comfortable getting long with a couple good wash out days.
Reply
Merkle still has her 15 inch austerity strap-on, and she’s not afraid to use it!
Reply
Until she’s voted out too
Reply
best post ever
Reply