Let's all laugh at Mr. Bottom-Tick, Raoul Pal, and his Doomy Doominess Of Doom

Everyone came out with dire predictions of the future last week. Do you remember? Well, the most apocalytic of all was Raoul Pal. His dooooom was doooomier than any dooooom that had ever been dooooomed before.

His writeup was first featured on David Duke's website ZeroHedge. Quoting from them:

• It is the big RESET.

It continues:

• Bonds will be stuck at 1% in the US, Germany, UK and Japan (for this phase).
• The whole bond market will be dead.
• Short selling on bonds - banned
• Short selling stocks – banned
• CDS – banned
• Short futures – banned
• Put options – banned

• All that is left is the Dollar and Gold

It only gets better. We use the term loosely:

• We have around 6 months left of trading in Western markets to protect ourselves or make enough money to offset future losses.
• Spend your time looking at the risks of custody, safekeeping, counterparty etc. Assume that no one and nothing is safe.
• After that…we put on our tin helmets and hide until the new system emerges

And the punchline

From a timing perspective, I think 2012 and 2013 will usher in the end.

Obviously, ZH loved it.

Then it got to Business Insider. Here's some of their summary:

Everyday, we hear some pretty grim predictions about the markets and the economy.  But this is one of the more comprehensive and most gloomy outlooks we've ever seen.
Raoul Pal expects a series of sovereign defaults, the "biggest banking crisis in world history", and asserts that we don't have many options to stop it. 

Then it got to Biiwii. He kinda fell for it too.
Now, look at the date of all this. June 1st.

Okay? Got the date firmly memorized?

Now look at these charts:

GLD:SLV peaked the day after.

Bonds peaked that day.

JNK:LQD bottomed that day.

US dollar peaked that day.

$VIX peaked that day.

There's a lot of talk in the blogtinuum about how George Soros' smack upside the EZ's head has gone viral. I agree, sure, it has. But I'd like to suggest that Raoul Pal's Ultradoom Of Blackened Infinite Doomy Doominess (Of Doom) also went viral.

But in a bad way. Sorta like how blackened oozing genitalia that have fallen off someone, and are found lying in the street attracting insects, can be said to have "gone viral".

Some old wise man like Socrates must have once said "a wise man laughs at himself". He must have, cos that'd make for a good story.

But we can't be as wise as Socrates, so the best we can do is laugh at Raoul Pal, the man who bottom-ticked the fucking universe.