Stimulate This!

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  1. Eclectic commented on Jan 28

    Now, there you go again!… Grabing for the old one-eyed trouser trout.

    You beat all, you know!

  2. Pat Gorup commented on Jan 28

    Studies have been done on past stimulus programs which show that the government gets more bang for its buck when these groups are targeted:

    Social Security recipients, those who have exhausted their unemployment benefits and those who receive Food Stamps. There was ZERO allocation for these folks.

    Good work Pelosi!! This is not a stimulus package, its an election year propaganda tool. Instead of “feeling good” about putting their bipartisan disagreements aside in order to hammer this out, they should feel ashamed because it leaves out the very people who could use the help the most and who would stimulate the economy the quickest.

  3. Eclectic commented on Jan 28

    Barringo,

    You need to be very careful my friend.

    You’re at risk of being associated with Calvinist Moralizers.

  4. dblwyo commented on Jan 28

    Hey, what happened to the first cartoon. This one’s funny but the “cut-of-meat” chart was, maybe, even more so. Can you repost it ?

  5. Winston Munn commented on Jan 28

    Hey, Eclectic,

    I still have a pair of Calvin Morlizers hanging in the closet – I never liked to wear them – too much starch in the crotch.

  6. John Borchers commented on Jan 28

    Bears are really getting fried. The web traffic here must be going down again Barry.

  7. Lord commented on Jan 28

    Shouldn’t they be holding a cattle prod?

  8. techy commented on Jan 28

    how come no post about tomorrow’s 50 pt rate cut?

    the make or break for wall street.

  9. f.v. hayek commented on Jan 28

    Once malinvestment has taken place, any efforts of the authorities to avoid the subsequent capital restructuring through expansionary monetary policy can only postpone the associated recession, not avoid it. In fact, such efforts may in fact prolong the required adjustment.

  10. f.v. hayek commented on Jan 28

    Once malinvestment has taken place, any efforts of the authorities to avoid the subsequent capital restructuring through expansionary monetary policy can only postpone the associated recession, not avoid it. In fact, such efforts may in fact prolong the required adjustment.

  11. peter from oz commented on Jan 28

    good one
    amusing the bboys in sydney
    rgds pcm

  12. Suge Knight commented on Jan 28

    Bottom is in ladies and gentlemen!! I told you guys I was going long last week! If GDP number is not ‘that bad’ (I’m confident they’ll spin it someway somehow) and we get a 50bps on Wednesday, the Dow will go have a 1,000 points up run!! You better believe it. To be fair, stocks were just too cheap to continue going down, can’t be too greedy as a bear or as a bull. No point on trashing Bernanke, he’s doing what he needs to do, he’s a perma bull by default. You can’t expect the Fed to be a bear, that’s reality, close those short positions or go long, yes, it’s that simple. Bad news will be good news from now on (for a few monthts).

    Suge

  13. John Borchers commented on Jan 28

    Suge I flipped too as I posted here. The news was just so bad people were acting as if depression were coming. It would have but Ben knew and stepped in. The next step is the bond gov’t bailout.

    I’m looking for GDP 2-3%. If it is the market is going to blow.

  14. v commented on Jan 28

    I’ve been meaning to ask about the ultrashort ETFs, and basically how efficient or inefficient a tool they are. I have just posted my question on the “Homebuilders vs Financials” post. If anyone could help me out by taking a look at the question, I would be grateful. Thanks!

  15. sysin3 commented on Jan 28

    “depression” might be the most pleasant thing we can wish for.

    Too much stuff to be unwound, over many years, I think. YMMV

  16. Chris Noyes commented on Jan 28

    The guy with the End is Near sign a bank? So whoes going bk for all these bad loans… I thought 75 billion dollars was hard to get. How does a trader move that much money an not raise an alarm. How much is that bank worth ??

  17. Suge Knight commented on Jan 28

    Dow is heading to 13,000 plus in my opinion. Will the market correct? Of course, but not anytime soon. We’ll go from irrational selling to irrational buying. That’s just the way it works. Charts, fundamentals, recession talk is out the window for now.

    Suge aka “Bernanke’s boy”

  18. Steve Barry commented on Jan 28

    v:

    I use the Nasdaq100 ultrashort ETF QID in my IRA, because I can’t short in an IRA. The prospectus is filled with all kinds of risks, but Google’s propectus has 14 pages of risks. The proof is in the pudding. During a volatile last 6 months, QID has performed essentially exactly as advertised. Look at the chart…at every turn, it has performed 2X the inverse of QQQQ. I haven’t looked at other inverse ETFs, but this is the one I love.

    QID vs. QQQQ

  19. grim commented on Jan 28

    Cramer?

  20. Cameron Dean commented on Jan 28

    Wonder what Bernake has been thinking lately? Hmm…Banking system collapse is a bitch (excuse my French)… just witness the Great Depression. Hence, 75bsp emergency cut. Inflation, though, is a bitch, too. Inflation (as it has been for a long time) has got to be on Bernake’s mind. It might just be possible that we just get a 25bsp cut on Wednesday…

    With the market rallying (if it continues today’s action through Wednesday) in anticipation of a 50bsp cut, are these scenarios feasible??:

    a. 25bsp cut… i.e., inflation wins: mass disappointment, and hence, mass selling… more cleansing that the market NEEDS;

    b. 50bsp cut… mass satisfaction, and hence, some upward movement (I can’t see a major rally here with NO END in site for the continuing housing disaster… here is chart only a sadomasochist could love: http://web-xp2a-pws.ntrs.com/content//media/attachment/data/econ_research/0801/document/dd012808.pdf

    And, earnings. Yes, the market can rally though bad earnings, but just how much bad earnings news can it swallow before getting sick… I am afraid we are about to find out.

    c. 75bsp cut… what at first might appear to be a blessing, on second thought, might be scary as hell… remember the recession specter I mentioned earlier.

    Just some thoughts…

  21. Suge Knight commented on Jan 28

    Cameron,

    The Dow is rallying to 13,000 with a 25bps (things are not that bad), 50bps (that’s what we wanted), 75bps (we got more than we wanted!). You can dice and slice things a thousand different ways, bad news are good news, etc. We’re here to make money, up or down, I rather be wrong and make some money, rather than be right and lose money.

    Suge aka Bernanke’s boy

  22. Tom Dotz commented on Jan 28

    When I was growing up, the dream life was living in Europe with an American Salary.
    Seven years of the Republican economic masterminds, and now the dream life is living in America with a European Salary.

  23. Francois commented on Jan 28

    “Social Security recipients, those who have exhausted their unemployment benefits and those who receive Food Stamps. There was ZERO allocation for these folks.”

    Of course! These folks do not contribute to the Congress’s campaigns (how selfish of them!) nor do they vote. (bad example of citizenship duty!) So, pray tell why the Representatives of “The People” should should have given a murid hindquarter about them?

    OTOH, Bush was not going to allow ANY stimulus package that couldn’t be presented as a tax cut, ( his #1 favorite obsession, or handouts that could not be targeted at corporations (his # 2favorite obsession)

  24. Cameron Dean commented on Jan 28

    … a small clarification to the above… the last sentence should have read:

    c. 75bsp cut… what at first might appear to be a blessing, on second thought, might be scary as hell… remember the INFLATION specter I mentioned earlier.

    Take a look at food prices, folks. They are doing exactly what oil has done, and its going to get much worse… Gold is pricing in what is coming… the only way to fight inflation is raise rates… sorry.

    Have a good evening.

    Cameron

  25. Eclectic commented on Jan 28

    Winston,

    Then you should stay away from Calvin MonoCliners.

    Mr. Mauldin says they’ll tear out at the seams.

  26. Eclectic commented on Jan 28

    techy,

    Meet Tue and Wed… Countdown Wed 2:15 E.S.T. approximate.

  27. Winston Munn commented on Jan 28

    Eclectic,

    I heard the same thing about the Calvin MonoCliners – all that thread wasted stitching together fabric that shrinks when exposed to daylight.

    I don’t know why all the guys over at Moody’s raved about the fit for so long, though – must have worn them in the dark is all I can guess.

  28. Eclectic commented on Jan 28

    Winston… Rate Rape drug.

  29. Greg0658 commented on Jan 28

    the rebate plan as I recall:

    $600 per taxpayer up to $75K
    $1200 joint up to $150K
    $300 per kid up to 4 kids

    $300 for tax filer making more than $3K but less than a payment to IRS

    that includes Social Security recipients, those who have exhausted their unemployment benefits and those who receive Food Stamps … if they’ve been file’g forms

    not sure where the dollar amount switch from $300 to $600 payout is tho … about $20K

  30. Winston Munn commented on Jan 29

    Eclectic,

    What is this, Jeapordy? O.K. I’ll play.

    Rate Rape Drug.
    What is AL-ieve?

  31. Winston Munn commented on Jan 29

    Actually, I think that last answer was incorrect. I think it is a new combination drug mixing AL-ieve with BEN-adryl called ALieveBENadrylya-2.

  32. v commented on Jan 29

    Thanks for the info Steve Barry. Really appreciate it.

  33. MarkM commented on Jan 29

    Hey Eclectic and Winston! The Smothers Brothers Show was cancelled. It ain’t coming back.

  34. Justin commented on Jan 29

    Bend over Bulls, Da Bears want to give you a hug! It aint over until the fat lady sings, and she’s just warming up her voice now…

  35. Eclectic commented on Jan 29

    Jeopardy set:

    Alex Trebek: “Okay, Winton, what category do you choose?”

    Winston: “Sphincter relaxants for $200, Alex.”

    [The $200 answer appears] – “Rate Rape drug”

    Winston: “What is Al-ieve?”

    *******Buzzer sounds – wrong*******

    Alex: “Sorry…”

    [MarkM’s indicator lights/dings]

    Alex: “MarkM?…”

    MarkM: “What did the MonoClines use to overcome sphincter resistance??”

    Alex: “Co-rrect! for $200!”

    Winston, you’re confusing the drug with Kaospeculate ® – for preventing the bankruns.

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