This chart is making the rounds today.
Back in the early days of QE2, the Zerohedge crowd doubted the fervor and ferocity of The Bearded Clam, up until the point when he swallowed the bears whole. Inevitably, this round of QE ends like the others, with equities +30% to the upside. By that time, myself and all of you who follow iBankCoin will be rich as fuck– spending money effortlessly on extravagant garments, eating extinct reptiles for dinner–things of that nature.
This website will be auctioned off, as a “piece of art” one of one, at Sotheby’s–netting me billions of dollars, all to be donated to charities for the rich and (power) hungry.
During this round of QE, the biggest winners will be the last year’s biggest losers. Coal names will lead the way higher, led by degeneracy in the shares of JRCC, CLF, ANR and ACI. Men will quit their desk jobs at GOOG to mine for coal in Appalachia.
Times are a changing. Are you prepared for it?
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ANR baby!
Are you still in TC?
all we are saying, is give QE is chance…
Bernanke sees the multiyear triple top that would take us back to 700 on SPX. He doesn’t want to play around with it. He’s going to blow past it right into 1600.
and then 700?
At some point the market will take over and become a market again, but not before new all time highs. But yeah, imo 500-700 awaits somewhere in the not too distant future.
Yeah, 5 years from now, after we have topped at SPX 3000
Stocks will NEVER EVER drop to 500-700 (S&P Index)
in your lifetime, mine, or Jesus H. Christ’s.
Take that to the bank!
Shake confidence in a “rigged game” and you’ll see just how easy that might be.
New all time highs await in a slow global economy lacking innovation…
stocks will drop to S&P 5ball after dow rockets to 50,000 and crashes to 1,000. It won’t be until like the 2020s or 2030s though and I suppose some of you fuckers will be dead by then thanks to your reckless Gambling style, the volatile market, and the massive Charlie Sheen size coke lines.
ACI
FWIW, the stupid Buzzard Oilfield was suppose to restart tomorrow but they delayed until the end of the week on Oct. 19 or 20. Once the cheaper Buzzard Oil comes online, Brent should start to fall. EU hit Iran with more sanctions today too, but Iran is hinting around for more talks………..For Coal, It needs Nat Gas to continue to move up, lot of new longs in Nat Gas Contracts per COT, so maybe????
Times have changed, for sure.
In my college days the saying was “Give peace a chance.”
Now, it’s give QE3 a chance.
I suspect the give QE3 a chance will work better than the peace thing.
BTW- “The times are a changing…” as quoted above by Fly is from an old Bob Dylan song.
Fly is channeling his hippie in this post.
People love following charts like that. Could it really be that simple? If we wound up slowly grinding higher from QE3 it would be one of the first times that everyone expected the market to go a certain direction, and then it did. I personally think going all-in long using QE3 as a thesis is like taking a 128,000 foot “Space Jump” and forgetting that you left your fly open, with penis sticking out.
Everyone does not expect QE to drive the market higher. Do you live in a cave? Everyone is predicting crashes because of HFT, because of the double top in the SPX, because some companies have bad earnings etc. etc.
Could I kindly ask you to change your name to “Dolphin”
I am a water frog. The dolphin in the photo is my best friend.
I doubt it, they’ve already been to the mines and back, at Google. GOOG’s fine. Don’t worry.
Imagine there is no QE3
It isn’t hard to do
Resistance wouldn’t matter
Support would be blown through
Nothing to live or buy for
And no HFT too
I’m a dreamer, but I’m not the only one
No kidding! Hope and change is epidemic, still.
4 of 5 oversold picks from Flys’s Friday, “What The PPT is Saying Today” are up:
+4.22, +6.55, +0.52, -0.81, and +0.99
Total return of 2.29% for Fly’s Friday Oversold Five
Shomp
I love how everyone is losing their minds over the EU now, with yields contracting, but you couldn’t scream them into caring last year, when Italian yields were bouncing off 7%
The summer of 2011 would like to have a word with you.
Hi, My name is… chika chicka QE3!
Hi kids, do you like violence?
Wanna see Wall street smash faces and get rich after they buy shit,
Try 5th, QE and get errect quicker then my dick
after vicodin, Viagra, Ciales and I did
two lines of coke off of a 10 star model’s fine tits.
my brain is dead weight, I can’t get my head straight,
trying to figure out which stack of The fed’s cash
I wanna throw at a chick , I hate…
who I’m mad to impregnate.
And Dr. Doom said,
“QE3 you are wasted”
“nuh uh”
“then why are you complacent, man! reality, taste it!”
(haha!)
Well since QE 12, I felt like I needed help, because I bought my original debt on credit left for someone else.
Got pissed off and ripped off Uncle Sam’s Nutsack
fed to special interest groups that wanted more money coming out of their butt crack.
I spend a fat pound of cash, and spend it so fast
faster then career politician on a budget impass.
QE3 wait a minute, inflation’s gonna bog
my spending..– I don’t give a fat fuck or a shit log.
HI, My name is, what! my name is…
chicka chicka QE3
Stock market wanted to flunk my retirement with gas prices so high
Thanks a lot, next retirement I’ll be 85.
I smacked it in the face with some papers
Have Mr Franklin, My name Benjamin, and some for the neighbors
falling down from my chopper quicker then bro don’t tase.. (ARGHHHH) TASER!
Walked in the strip club like rick ross that fat big lug,
Here’s some cash, now get fixed up!
extra investment festival, turning up the bass decibels
in your face, when I announce “QE WILL NEVER END!”
99% of my life I’ve been dropping dough, I just found out obama dropped some more,
He said he’d grow up and pump up a company called Solyndra
An inconvenient truth, where Al Gore would get rich and then spend her…
wife’s retirement blew up, when the money exchanges hands
politician must be fans of easy money streaming up their pants. (aaahhhh!)
This guy at Wall Street asked for my autograph
So I signed it, Here’s some money for free, QE3, signed Ben, B.
(Chorus)
I see you didn’t show a chart of QE1. Announced in Nov 2008, stocks continued to get hammered the next 4 months.