I Heard Some Pinhead Bragging About Our Markets Last Night



Thought I’d write a quick note about some idiot claiming our markets are in fine shape ……

Above is a graph of our Dow Jones Industrial Average over the last 12 months.  Well, what’s 2000 points in a year among friends, right?

I can’t predict if a huge sudden crash will happen soon, or will these fits be the norm for a couple of years? 

Profit taking from the new tech bubble started today, so, we’ll see how that plays out very soon. 

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13 Responses to I Heard Some Pinhead Bragging About Our Markets Last Night

  1. I believe your term for Obama is Zero. If President Zero says the economy is doing well, then the pinheads will agree.


  2. Latitude says:

    I’ve heard three “predictions”…but they were all the same
    Not a crash…there’s nothing to make it crash bang right away

    …they all three predicted a slow and gradual decline in little steps and bumps and hiccups

  3. DirkH says:

    The ONLY scenario under which a market crash can be stopped and reversed is *MORE* QE by the Fed/ECB/BOJ combo. (ECB currently issues 50 bn EUR a mont. BOJ I don’t know. Fed has declared 0.25% rate hike BUT, for all I know, did not drain any liquidity! Meaning, they did not reverse their reckless QE moneyprinting!)

    Given negative outlook for all markets (demographic standstill in Japan/USA/EU plus declining commodity prices means overall asset deflation), the only way to GROW valuations is rising prices, meaning you need a new buyer, and this could ONLY be the central banks.

    So, to prevent the crash, the central banks must become the Buyers Of Last Resort – or, the bagholders of last resort. The crash just being a normalization of prices under supply and demand.

    Or in other words: High commodity prices were never a reflection of real demand, but of artificial demand created by capital misallocation. Certain ghost cities in China, ghost casinos in USA, or wind turbines all over the Western world are the dead remains of resouce misallocation – always brought into existence by crazy political decisions, and sometimes kept on life support through ongoing subsidation.

    So how much REAL demand is there. CEMEX since 2008, world’s biggest cement maker:


  4. gator69 says:

    Hey kids! It’s time for another Arabic lesson from the Religion of Peace…

    ‘Remember It Well’: Why Anti-Migrant Politicians Say You Should Know the Arabic Word ‘Taharrush’

    German investigators suspect the numerous New Year’s Eve sexual assaults were part of a Middle Eastern group sex-assault activity known as “taharrush,” a German newspaper reported.
    “Such crimes are committed by groups of young men … mostly when there are large gatherings of people, such as demonstrations. They range from sexual harassment to rape,” the Federal Criminal Police Office (BKA) told the German newspaper Die Welt, according to a translation by American Thinker.

    While group sexual assaults during large gatherings had previously been seen in Egypt — most famously the sexual assault of CBS News correspondent Lara Logan while covering the 2011 Tahrir Square demonstrations — Welt noted that, until now, the violent display had not yet appeared in Germany.

    Taharrush involves groups of men at public gatherings who surround women, then sexually assault and rob them, all under the cloak of the large crowds. Forming a ring around the woman prevents her from escaping and allows the assailants anonymity, reducing the likelihood they will be arrested.

    Britain’s Daily Mail reported that the phenomenon is also called “taharrush gamea,” which translates to “collective harassment.”

    Anti-migrant politicians from the Netherlands, Geert Wilders and Machiel de Graaf, wrote a columnWednesday for the Gatestone Institute warning Europeans to familiarize themselves with the word “taharrush.”

    “Remember it well, because we are going to have to deal with it a lot,” they wrote. “A culture that has a specific word for sexual assaults of women by groups of men is a danger to all women.”
    “When one imports Islam in the Netherlands, one also imports the misogynistic culture of Cairo, Damascus, Riyadh into our cities. Next to headscarves, burkas, mosques, honor killings, and terrorism, we now have taharrush,” they added.

    The Dutch politicians suggested the New Year’s Eve sexual assaults in Cologne provided yet another reason to keep out Middle Eastern migrants.

    “The solution is not that our women keep an arm’s length from the male barbarians, but that the government keeps these men thousands of kilometers away from us,” they wrote.
    Several media outlets pointed to this disturbing archival video reportedly from Cairo as an example of taharrush. It shows a screaming woman being led by a group of men into an underpass or subway tunnel.

    German police said this week that 516 criminal complaints had been filed surrounding the New Year’s Eve celebration in Cologne, 40 percent of which were related to sexual attacks. Police said the investigation was focused on North African men, the BBC reported.
    More than 1 million asylum seekers arrived in Germany last year.


  5. cdquarles says:

    There will be a crash when the ‘sentiment’ suddenly changes from ‘manic’ to ‘panic’. The recovery will happen when the ‘panic’ wears off.

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