A plaque remaining from the Big Apple Night Club at West 135th Street and Seventh Avenue in Harlem.

Above, a 1934 plaque from the Big Apple Night Club at West 135th Street and Seventh Avenue in Harlem. Discarded as trash in 2006.

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Entry from July 11, 2013
Stalingrad & Poorski (Standard & Poor’s nickname)

Standard & Poor’s (S&P) is one of the “big three” credit-rating agencies, along with Moody’s and Fitch. The financial blog Zero Hedge gave the company a Soviet-style nickname in a September 2012 tweet, calling the S&P 500 stock market index the “Standartnii and Poorski 500.” On April 26, 2013, Zero Hedge called it the “Stalingrad & Poorski 500 stock index.” Zero Hedge called it the “Stalingrad & Poorski 451” on July 10, 2013 and the “Stalingrad & Poorski 471” on July 11, 2013. The Soviet-style nickname implies that Standard & Poor’s takes instructions from the U.S. government and is not a company in the free market.

Standard & Poor’s has also been nicknamed “Substandard & Poor.”


Wikipedia: Standard & Poor’s
Standard & Poor’s (S&P) is an American financial services company. It is a division of The McGraw-Hill Companies that publishes financial research and analysis on stocks and bonds. S&P is known for its stock market indices such as the U.S.-based S&P 500, the Australian S&P/ASX 200, the Canadian S&P/TSX, the Italian S&P/MIB, India’s S&P CNX Nifty and Sri Lanka’s S&P SL20. Although considered one of the Big Three credit-rating agencies, which also include Moody’s Investor Service and Fitch Ratings, the company has admitted its ratings lack objectivity and has suggested that no investor should take them seriously. Its head office is located on 55 Water Street in Lower Manhattan, New York City.

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On this day in 1954 Stalingrad: The Standartnii and Poorski 500 finished up leading to much Bolingerskaya consumption
11:34 AM - 4 Sep 2012

Zero Hedge
Spain Slashes “Growth” Outlook, Projects Higher Deficit, Delays Deficit Reduction
Submitted by Tyler Durden on 04/26/2013 08:05 -0400
(...)
Luckily, this is not a surprise: the collapse in the Spanish economy is just as bad as had been expected, so this should be good for 10-20 points this morning in the Stalingrad & Poorski 500 stock index.

Northeastshooters.com
BerkshireHunter
05-03-2013, 02:39 PM
On this day in 1952, the Stalingrad and Poorski 500 hit new all time highs. Forward! 

Zero Hedge
Will $105+ Crude Send The S&P To New All Time Highs: Find Out Today
Submitted by Tyler Durden on 07/10/2013 07:08 -0400
If the worst Chinese trade data in years (and by that we mean unmanipulated, because what was released last night is merely China offsetting blatantly BS Q1 trade data), and yesterday’s S&P downgrade of Italy (which has sent BTPs lower although the EURUSD drop was offset by buying pressure resulting from Stolper closing out his EURUSD long) doesn’t send the Stalingrad & Poorski 451 to new all time highs, then all the Chairman’s efforts to make a complete farce of the “market” will have been for naught.

Zero Hedge
And Another Vertical Stock Ramp
Submitted by Tyler Durden on 07/11/2013 14:37 -0400
Update: we have isolated the reason for the ramp. The latest stop hunt in the Stalingrad & Poorski 471 is attributed to the Chinese finance minister Lou who said that China H1 growth will be slower than 7.7%. Remember: the faster the global economy goes to hell in a handbasket, the faster global equities hit infinity.
* * *
Whoever said perfectly broken and centrally-planned markets were boring.

In this space we would normally insert a chart of the S&P500 here but that would just be waste of NSA spy server space: just imagine a flat line and then a sudden vertical spike higher to new all time record highs on absolutely no news. 

Posted by Barry Popik
New York CityBanking/Finance/Insurance • Thursday, July 11, 2013 • Permalink