Guest Post: Ben Dover Beck

Alternate Post Title #1 Operation Desperation

Alternate Post Title #2 The cards have all met gravity; Gravity is winning.

Alternate Post Title #3 Gasparino did not miss a branch falling out of the 'dumbass tree'.

Can you not feel the tension? Since there is exactly eleventy-kabillion-million dollars on the sidelines just itching to see if this 200 day moving average turns up. Ivy leaguers just dying to sit in a square and tell everyone why they just deployed your money so they can start getting paid (scratch that. Edward Jones broker didn't let that guy get out of the market. But thanks for seeing him early. "Don't let these short term depressions get in the way of your long-term goals")

• Ka-billion-million dollars on the sidelines (for good reasons, however this is the gambit)
• Overbought at the high (nearly)
• Fauxbama spewing on TV about how he 'fixed the glitch' (a/k/a: confidence booster)
• The need to take off the SLP training wheels soon...
• Goldman signed own death warrant; the heat is on now.
• Everyone [the thugs] are all talking [up] at once
• The additional power grab by the Fed would be the worst thing possible. BerTanke's demeanor was a little more 'irritable/evil' today. They are scrambling right now.
• The spyGunner is back from vacation.
• This entire sham is being lead by "Goldman" with the "Best in Breed" and brightest technicians. Trader X has very deep pockets.

Pretend for a second this is all a game of "Confidence" (oh wait). Pretend you had monopoly money and were feeling a little deviant. Are you going to attack when things are oversold or overbought? How is a melt-up created? Sun Tzu (ok, I'm carrying this a little too far). Just stay on the sidelines if you are unsure. I wouldn't try to be the first one in the water here. Just my preference though. Seems way too dangerous for me and I like to surf the edges.

Laugh all you want. I dare you to get short right here (not really). Unless 20+/ES points is in your risk tolerance I still think it'd be best to wait. Fyi, where do you think "liquidity" comes from? You. Do you want to give it to Newman? He is very tricky. Remember what I said about this being a game of people and not numbers.

The market dynamics will forever change...

Recent computer manipulation in the markets have drawn so much attention that it's a near certainty we will some major changes on that front. Liquidity will be removed as a result but it's liquidity we didn't need. The market has become nothing more than battle bots with the retail investor caught in the middle as you watch your liquidity being swiped one penny at a time by a RISC processor when your "Money Manager" backs up the truck on Simon Property Group Preferred shares.

Who's gaining confidence here? I do remember 'Tanke expressing confidence that the banks will earn their way back to profitability. Hah. Put that in your 'TARP/401k/IRA/USD/Green Shoot' pipe and smoke it.

I'm going to cut Kneale some slack this once because Kudlow looked a little sheepish when Denninger was there trying to educate ivy-league tards who slap on a bowtie and are showered with five-hundred million dollars morphing into the authority. Not sure if this invitation was for damage control or perhaps Kudlow was put in his place. More than likely both...However I would rather see Denninger on Bloomberg, Fox or [edit: MSNBC (Ratigan)] and not the propaganda channel. I will tolerate it so long as a concerted effort is made for 'unbiased' reporting. We want to hear the truth sometimes.

I meant to throw some props to Glenn Beck for the visual on the Goldman Civil Servant Web. Well done. Ditch the shoes. Stay cool.