Daily Archives: September 25, 2013

Peter Boockvar: “There Is 0% Chance That This Ends Smoothly”

NOTE: Commentary by Tyler Durden at ZeroHedge

CNBC just aired a fascinating segment that pitted anchors Mandy Drury and Brian Sullivan (squarely in the markets-are-going-up-and-the-world-must-be-rosy camp) against a more skeptical (“it’s all short-covering” – and he’s right at the margin) Herb Greenberg and an awfully fact-based reality agent – Peter Boockvar.

The entire 5 minutes were a perfect reflection of the battle in the markets of the last few years – that of market wisdom and the facts versus the blind optimistic ignorance of watching (and trusting) a ‘market’ number (in this case the Dow Jones Industrial Average Index) rise day after day and not caring why – until – as Peter Boockvar so eloquently notes you have your 401(k) cut in half twice in a decade.

Well worth taking the time to witness the cognitive dissonance of believing the market strength is unrelated to the Fed and yet a Fed unable to Taper even a few billion for fear of repercussions… as Boockvar notes, “there is 0% chance this ends well.”

Video Source: CNBC

The All-Time Longest Filibuster Ever Was…..

(Watch Ted Cruz’s Live Ongoing Obamacare Filibuster HERE.) …24 Hours 18 Minutes Long The distinction goes to the late Strom Thurmond of South Carolina, who filibustered the Civil Rights Act of 1957 for a whopping 24 hours and 18 minutes. On August 28 at 8:54 PM, Thurmond began a filibuster during which he read the Declaration of Independence, the…

This Is Why The Price Of Gold Is Now Set To Super-Surge

On the heels of some chaotic trading in the gold, silver, stock and bond markets last week, after the Fed decision not to taper, today top Citi analyst Tom Fitzpatrick sent King World news 3 amazing gold and US dollar charts.  Fitzpatrick had previously indicated to KWN that he expects a massive 150% surge in…