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European Cross Sovereign Spreads: Intraday France Drubbing On Record Bunds
Nothing too surprising here today: Portuguese, Greek, and Spanish blowouts are now are daily occurrence... Except for the redness in the France column. On a day when the German 5 and 10 year Bunds are closing at record levels, seeing this kind of underperformance in French bonds can only indicate one thing: the barbarians at the gate have gotten past the periphery and are now closing in on the core.
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Uh oh...
That is unpossible.
The pump is on
Todays Euro shank & crank mildly sucessful. Fuckin' C-Dub bankers....those muddy fuckers, they may have won this round but there is always tomorrow.
And TDA has been down for the past half hour. The only way to get quotes is by calling in and waiting on line for 5 min.
No need to call. Just monitor the stock you are looking at on google finance.
True but I can't see Level II on Google.
I'm just annoyed they didn't have a backup solution for their Apex customers.
THIS IS SPARTAAAAA......
sorry i got carried away....
Sarkozy said he will fight to the end with the bond vigilantes :) we can see that he lost the fight.
The lesson learned from here is " don't kick the beehive"
There has been serious doubts on the health of the French Banks since SocGen trader Kerviel has been cuffed.
Even though, usually trickery French managed to swim under market radar,
smart money knows time for big nose Sarkozy has come as well.
Should be interesting..
Those Soc-Gen PhD's have really got themselves in a pickle..... :-)
You mean in a cornichon, non? :-)
You mean Soc-Gen "rogue traders" !
Dont worry about Soc Gen, they are back stopped by the FED remeber? Little Timmy gace them $12 Billion of US taxpayer money so they didnt have to take losses on AIG CDS. Little Timmy, such a patriot!
and next, the Franks.
Heehe good one! I am wating all my life to see the colapse of the most communist country in the world after China, they are worst than the Greeks in living beoyind there mean . 30 hours weekly work with full pay check, the year has 12 months and they recive 14 month pay+ endless vacation+ full of opinions on every issue.Now its time to payyy.
looks like you haven't been in france lately !! this communist fear sounds like paranoia to me. The french are not communists just invaded by sionists trying to force a one world gvt upon the people....that's the reality. capitalism is failing badly....
oh là là
How do ya do tha umlau ?
1. Hold the alt key
2. Enter the dec value of the character sought (look up ascii table)
3. Release the alt key
For the a with a grave accent, alt+133 = à
UDN is at same level as 666 low and the Nov momentum lows just prior to that. Very puzzling. Logical illumination would be most welcome.
Not puzzling at all. Why are you puzzled?
If I am a bank, I really, really dont want EUR. Do I want USD? Sure. If that fails, we close all the banks, so I wont look bad, relatively. Of course I'm OK to hold USD.
Thanks Mepphisto. Did you look at it on a chart (like 3 year daily)? I understand why we are here but the chart is startling when you see that this is where it bounced before, almost to the pip. As we know, currency manipulation drives the entire global market. I would not put it past 'anyone' to attempt a 2008 redux. If we bounce hard here, I will become even more cynical about this market than I already am.
That and go long equities.
I'm not sure I'd ever trust levels on inverse indices, for mathematical reasons. Basically, a straight line on a plot f(x) versus x doesnt mean a straight line on 1/f(x) versus x.
DXY is as far as I'd go.
There is a pain threshold where bankers will intervene, but personally I'm looking at DXY=100.
Are you sure the Barbarians are not Germans?
Was sagen Sie, Sie scheiss issen, schwein-hunden, kartofeln-kopfen..., errr, ummm.., I mean (in proper English) we, umm..., those Germans would never do something like that.
Really.
Oh yes they would. Remember that France's foreign policy post 1945 has been to keep the Germans in their box, while forcing them to contribute more and more to the European experiment. The Germans were happy to pay ball as long as Europe bought their output (France biggest trading partner); all the while playing for readmission to the human race.
Gloves are off now though. Don't kid yourself. This will end in tears. Again...
Goldman talks with Australian hedge fund break down, more legal headaches for GS
http://www.reuters.com/article/idCNWEN565720100608?rpc=44