Wednesday, June 10, 2009

What is Normal?


That's where the S&P would be if the SEC and CFTC and Congress had not gutted financial market regulation to let the Vikings rape & pillage stocks without any rules or regulation.
  • They repealed Glass-Steagal to let banks speculate in the financial markets with depositors' money.
  • They dropped the uptick rule so raids could push stocks down with no relief to cause fear & panic.
  • They gutted efforts to regulate derivatives, which then let credit default swaps and equity derivatives become new "weapons of mass destruction" for the Vikings to manipulate stocks and cause more panic.
  • They permitted creation of uncountable numbers of short and ultra short ETFs that are essentially betting machines for speculators.
  • And they opened the field to the Street market makers via the Madoff rule and the ETF short sale rules to let market makers "print" stocks to short with NO rules at all. Short selling of nonexistent shares rose to huge amounts.

[Doubters: when Warren Buffet and George Soros agree with Bunkerman, question your thinking.]

And the panic happened last July to October. The retirement savings of middle America was gutted by 35%. The drop stunned the people and they reacted, gutting spending on everything. The real recession began. Thank you, libertarians. I hope you enjoyed the fruits of your "no regulation" mantra. Letting the Vikings raid the financial landscape sure helped, didn't it.

So the panic dropped the markets to the 800-900 range last fall. Then the Obama "panic of the conservatives" dropped it 666 in March. All the rally from early March to April did was wipe out the Obama panic, to get the markets back to the fall trading range, i. e. to the Viking Raid panic levels. The "too far, too fast" crowd doesn't seem to recognize that. Erasing a panic fall - which did go too far down too fast - is NOT becoming overextended. The baseline is the fall trading range.

The stock markets have been consolidating in those levels since late March. Now the S&P 500 is over its 200 day moving average. The 50 day moving average is rising.

Commodity prices are rising, perhaps to re-entry by speculators, or perhaps to user hedging. Shipping rates are rising. Demand in Asia is rebounding. And all that "stimulus" money remains to be spent. The Fed is still accomodative. TALF is working. Well-run major banks are re-paying TARP monies foisted on them.

Lots of pain exists in housing, especially in the sun and surf areas where speculators & the second home crowd played. And the jobs market stinks. Thanks to the Vikings. And the financial libertarians. But all the newly free people of the world want to improve their lives and that tailwind is huge.

Obama Fund is sitting long at about 125% long on stocks that should continue to outperform on a "Return to Normalcy".

Word of the Day

"Crawfish" - noun and verb [$10]
Crawfish means (noun) = crayfish; (intransitive verb) (often followed by 'out') US colloquial retreat, back out.
Sentence: As Bunkerman watches Congress and the Obama administration crawfish away from real, comprehensive reform of the financial markets and regulation, he feels disgust and anger.

Le Mot du Jour

"Salir" - verb, regular -ir conjugation
Salir means 1. to make dirty, to make a mess in, to mess up; 2. to corrupt, to defile.
Le Phrase: Les libertaires de la haute finance salissent le monde.
Sentence: The libertarians of high finance messed up the world.


Bud said...

1200 ???

what bunch of thumping tosh

Bud said...

agree on the 'too far too fast'

just take a quick look at the charts.......we have just recovered from armageddon lows.........we still in a nasty recession............but it may be getting 'less nastier' by the day

Bud said...

holy smokes

of to a red hot start in june.......shark tank incredibly sizzling.......and some here thought surgery would slow it down........f'ng sore loser douchebags

Vete al diablo bob !!!!

Bunkerman said...

So far, Bunkrowiec is still in 1st place in the "peak" unemployment forecast contest.

If the rate goes over 9.75%, frosty goes to the lead.

Bunkerman said...

Bud was too chicken to enter.

Bud said...

uhhh frosty..........if you want me to 'call off the dogs' can earn it 2 ways

you can amuse me........or better choice........ just beg for mercy and's your choice........til then

Allez l’enfer bob !!!

Bud said...

i love these european phrases

how do you say 'suck it' in german ??

mfl59 said...

no Bunkerman..."jim" never gave him permission....remember...

W What
W Would
J Jim
D Do

tete noued indeed

Bunkerman said...

My German is lagging ... I'm waiting for some workbooks to make more progress. many of the CD courses are poor ... for me, at least.

Here's something close from the dictionary: "get stuffed" = du kannst mich mal.

Bunkerman said...

pour toi, Bud:


a German synonym for lêche-cul and wazeliniarz

maverick said...

Bman...when you get a chance...a list of stocks in the Obama fund.

Bunkerman said...

Obama Fund:


largest is FCX, second is now SPAR.

Bunkerman said...

Fido Fund (old favorites):


(sold AAPL at 120; Mrs. B has it in Sky Fund).

mern said...

It's not just those with poor credit and subprime loans who are being swamped by theforeclosure wave. Rising unemployment and falling home prices have made prime fixed-rate loans the largest share of new foreclosures. By BusinessWeek

ya, and if i practiced more with my left foot i wud have been a professional soccer player.......

i agree the glass steagal repulsion was stupid, thought so in 1995.

it is what it is. this is a bad recession thats not over. it was never a mid cycle slowdown, not even close. this is the worst recession since the great depression. there is a lot of blame to go around, but maybe we shud thank succo, toddo and meredith for pointing all this out.

seriously if u didnt know fannies book were toast by 2002, u werent looking at their balance sheet.

everyone was drinking the private equity kool aid to notice that the fins manufactured bs earnings.

"bring back the uptick rule....."

its a good idea but it didnt cause a bear market.

Bunkerman said...

gosh, then I wonder why there wasn't a financial panic in the early 1980s when every money center bank was insolvent; and every S&L was, too.

And the 1979-1982 recession was no picnic.

Bunkerman said...

The Vikings caused the panic. Period.

Bunkerman said...

Without them, the problems would have been worked out over 2-3 years.

Bud said...

you can't compare the S and L debacle of the early 80s to the credit crisis of 2008

they losses then about 1/1000th compared to last year


Bud said...

crude at 71bux

cause for concern Bman ??

Bunkerman said...

uh ... I was comparing BOTH the S&L debacle AND the third world loan debacle.

Frosty said...

question...when playing golf in scotland and the kilt is the required garb of the day is it acceptable to where your burka cut at the knee????


mfl59 said...

Bud no Yankee cat calls???

what the heck is going on?

mern said...

come bman u know i love u but your straight line mentality isnt right.

comparing 82 to now is like comparing the 82 celtics to the 2008 lakers.

while most wud just say right off the bat the 82 celtics were better, they wud get their ass kicked by todays lakers.

these days, and its called evolution i believe, everyone is bigger, faster and stronger. i dont think basketball has a roid problem becuase they frankly dont help much with the exception of maybe boxxing out and rebounding, but it wont improve your FG percentage. in the 80's the NBA was full of stoners and today the NBA is full of stoners. there stoners just work out more, hence bigger faster stronger.

the game changed. elmer deregulated and everyone loved it until they didnt.

u r hating the game and the players. ive done that, with fannie, and it led to endless frustration.

"no shoes, no shirt......NO DICE!"

"learn it, love it, live it!"

Tropic Thunder the funniest movie this decade? maybe.

first movie i liked with tom cruise in it since Taps.

robert downey gotta be one of the top 5 actors in the world. oh man was he funny and jack black was incredible. "if i go down there and see the mother load.....IM FINISHED MAN! im gonna do all the heroin in the FUCKING world. u need to tie me to tree, and dont listen to a word i say becuase everything i say is a fucking lie!!!!!!!"


mern said...

but tom cruise stole that movie. he probably didnt have to act very much. i suppose hollywood is full of producers like that.

bill hader killed it too.

im sure downey helped black play a heroin addicted actor.

and ben stiller had to be roids because hes cut up like jose canseco in the movie.

" cant go full retard...... tom hanks, forrest gump.....slow yes....retarded maybe......but he was a war hero. no war hero's r retarded. didnt go full retard. won the hardware. sean penn went full retard in 2001 went home with nothing. cant go full retard! whats a matter with u?"

Spin-em said... happen to flip on YES this month..Bernie Williams playing guitar....who was a guest singer?...John Secada...LMAOOOOOOOOO

worth a good chuckle if you do

mfl59 said...


as I opined yesterday, John Secada looks like Arod, and Bud looks like John Secada.....well then Bud must like look ARod....

now it all makes perfect sense...

Bunkerman said...

geez, a secada is a pretty ugly bug.

Saying one looks like a secada is quite an insult.


Spin-em said...

yes bunk..stays underground for what 16 years??..pretty much a slug all that fits indeed

mern said...

bud is darker than aroid, a lot darker.

bud doesnt have big ears, so i guess he never took HGH.

aroid has huge ears so i guess he took HGH.

obama has huge ears.........

rev has a fat ass after taking HGH. whats up with that?

Spin-em said...

LMAOOOOOOOOOOOOOOOOO mern ....."jim" is fat? how do you know?

Bunkerman said...

flipped a bit of SPAR, SSCCQ, AKS.

Positions got too big.

Frosty said...

well played much is that nigga fund up this much is the sharkfolio up...hhmmm.

Bud, still want to be freinds?

Bunkerman said...

Obama Fund is up 62% year to date.

I have no idea about the S****folio. I'd never go that place ...

mfl59 said...

62% !!!!! very impressive Bunkerman....

the S%^&&folio has been in cash since Dec 2006....

$6k indeed

Spin-em said...

S%^&&folio... at the most...up 3%

mern said...

lets see spin how wud i know that?

hes on the wrong side of 50. rich, works on computers all day, has kids and doesnt like to exercise.

thats the recipe for being a big fatty.

who here besides me and sal dont have a gut? mfl seems pretty healthy. spin too. bman..... exercises but the spam aint gud. frosty seems heavy. all that beer and alone time with his seamates.


mfl59 said...

Bud has a swing coach....he played on the tour you know....

"jim" makes every other decision for Bud...a mentor type

Kenny Banya indeed

Frosty said...

uh mern...concerned with my girth, keep those eyes within scope of your own drivers license says 6'2" 195, as you know that is an offical government document.

Frosty said...

UTA...pigshark done feeding the fish yet...somewhere jsweck just flipped the checkerboard bunkystyle.

maverick said... should spend a few "crossfit" hours with ace....he will determine if you are in shape....then visit my "iron cage" in Charlotte

Bud said...

what the name of this blog ? Fags from the bunker ??

i'm 6 feet 195 blonde hair dark tan and i like to take sturgeon up the ass

predictable indeed

Bud said...

red sox nation very dissapointing yday..........i hardly heard a boo when the liar lowlife dirtbag A-fraud came to the plate...........made me sick

maybe i need to fly up there tonite and show them how to treat that cocksucking scumbag

Bud said...

jon secada is ugly


good one guys !!!

f'ng queers

Bunkerman said...

It was a tough row to hoe to get that 62%. Les Fonds d'Obama was sucking down about 30% at one point.

I'd have done a lot better is not for a serious case of buck fever in early January.

mern said...

sorry bob.

my bad, but what do u really weigh?

im 5'8, 148 and still getting slimmer.

i did 20 pushups last week, im still sore!

but i can run for days......

Bunkerman said...

translation for the city slicker: "tough row to hoe" means a difficult path.

Frosty said...

"i like to take sturgeon up the ass" take that form Mern's facebook page...give ya a triple on that...MVP still up for grabs.

Bunkerman said...

btw, Fido Fund is up 64% year to day - no small caps either.

Spin-em said...

Bunky with the Robert Conrad I dare you to knock this battery off my shoulder to market...LMAOOOOOOO

Bud said...

Bman wtf is wrong with you ???

first of all , it's very very very bad karma to be boasting about how good you are doing

second of all, nobody gives a F how the lassie fund is doing

post your buys if you want........if we're interested...... we'll do our own

and don't give me the answer that frosty asked.........he had different agenda........he wanted to take cheap shot at jim

what a prick he is

mfl59 said...

wow...this is setting up for a wonderful main event...Im buying my popcorn in advance...

Mr. K Bar vs. Mr. 6 iron

Bunkerman said...

oh, Bud, I've posted every buy & sell I've done since the beginning of the year.

And yes, it was done to answer frosty's question - which is obvious since it's in the comments.

I'm sure "Jim" [la plus grande tête de nœud] can take it. He's a man, isn't he. And gets his $6k per head for taking it. If not, here's a message for him: Du kannst mich mal.

Bunkerman said...

uh mfl ... you missed ... it's Ms. 6 iron.

Rounding the bases, doffing my cap.


Spin-em said...

hope he mouthsoff in Scotland at the 19th hole... amarillo bastardo..they will caroustie his azz all the way back to the Swat valley... god dayum pill popper

Bunkerman said...

And maybe that was just a voodoo spell to get a little pullback to let some buyers in.

mfl59 said...

NVAX beautiful mern....kudos

Bud said...

great job mern.......keep trading til the housing recovery

'stocks like NVAX disgust me'

mfl59 said...

Bud housing has bottomed...where have you been?

Bunkerman said...

Fed Tan Book: "... A number of Districts reported an uptick in home sales, and many said that new home construction appeared to have stabilized at very low levels."

Correct mfl, except for the sun & surf areas. And NYC.

Frosty said...

LMAOOO...indeed Bunky...only the areas with all the people, and jumbos as far as the eye can see, have yet to bottom.

Bud said...

'except for the sun and surf areas and NYC' huh ????

that's like asking someone how their health is

"98% of my body is very healthy.......only 2% is a unhealthy.........i just have a small tumor in my brain"

mern said...

only bought 2k yesterday and i just sold em.

the 10k under 2, was a gud one.

i thought NVAX belonged in the obama fund that y i posted all that fundie info.

here at 3, id say its a short, but no worth trying.

mern said...

cramer says ben saved us.

same cramer that said "HE KNOWS NOTHING!!!!!!! NOTHING I TELL U!!!!!!!!!!!!!!!!"???

he is a miracle!

"if u need money the next 5 yrs, sell now and dont buy back in............"

how many bodyguards does he need and y hasnt one of them killed him yet?

mern said...

This is good news for banks that survived the maelstrom of financial market turmoil, albeit based largely on trumped-up earnings and unrealistic asset prices still on their balance sheets. For homeowners, consumers, and the public in general, however, true hope for a legitimate stabilization in housing markets, and the economy in general, has been pushed further along the curve.


what do they know? only said fannie and freddie were done in 2002.

mern said...

Les Grossman: Now I want you to take a step back... and literally fuck your own face!

tom cruise in tropic thunder.


mern said...

Les Grossman: You play ball... we play ball. I knoowwww... you want the goodies!
Studio Executive Rob Slolom: Welcome to the goodie room!
Les Grossman: You paying attention? I'm talking... G5, Pecker! That's how you can roll. No more frequent flyer bitch miles for my boy! Oh yeah! Playa... playa! Big dick playa!
Studio Executive Rob Slolom: Swinging past ya knees!
Les Grossman: Big dick, baby!
Studio Executive Rob Slolom: Yep.
Les Grossman: [turns off the music] Or... you can grow a conscience in the next five minutes and see where that takes you.

mern said...

Kirk Lazarus: Everybody knows you never go full retard.
Tugg Speedman: What do you mean?
Kirk Lazarus: Check it out. Dustin Hoffman, 'Rain Man,' look retarded, act retarded, not retarded. Counted toothpicks, cheated cards. Autistic, sho'. Not retarded. You know Tom Hanks, 'Forrest Gump.' Slow, yes. Retarded, maybe. Braces on his legs. But he charmed the pants off Nixon and won a ping-pong competition. That ain't retarded. Peter Sellers, "Being There." Infantile, yes. Retarded, no. You went full retard, man. Never go full retard. You don't buy that? Ask Sean Penn, 2001, "I Am Sam." Remember? Went full retard, went home empty handed...

Bunkerman said...

bears didn't show much. Or real buyers are coming out of the bunkers.

Time will tell.