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Futures Surge On Greek Bailout Report

Tyler Durden's picture




 

Following the previously reported news that Germany is sacrificing its political leadership, not to mention credibility, to bailout its banks, futures are currently ripping. As the chart below indicates, ES is surging right now, even as the broader risk basket is left far behind, since the markt realizes the "Brian Sack" pod at Citadel will be double taxpayers doubletime.

And since the entire stock market is now driven by the relative move in the EURUSD, with over 80,000 long EUR contracts recently eliminated in the net spec non-commercial position (as we presented previously) and as the net USD spec position moved from a net short to a net long for the first time since January, expect to see a pronounced knee jerk reaction as the FX specs proceed to get roundtripped for at least a few days. Which if nothing else buys the insolvent governments just that: a few days.

 

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Mon, 05/30/2011 - 20:48 | 1323769 Ray1968
Ray1968's picture

Gold/Silver to follow??

Mon, 05/30/2011 - 20:50 | 1323801 Muir
Muir's picture

Yeah, you shoulda bought the dip.

Mon, 05/30/2011 - 20:54 | 1323863 Ray1968
Ray1968's picture

I stopped out then bought the dip... then it crashed.

Don't ever look to me for advice on timing a top or bottom ;-|

Mon, 05/30/2011 - 21:18 | 1323996 ??
??'s picture

Leo Leo Leo

Mon, 05/30/2011 - 22:24 | 1324168 wirtschaftswunder
wirtschaftswunder's picture

No, Cancer

Mon, 05/30/2011 - 22:47 | 1324237 Fish Gone Bad
Fish Gone Bad's picture

They were referring to Leo Kolivakis, not the Zodiac.

Mon, 05/30/2011 - 22:49 | 1324272 tmosley
tmosley's picture

He was talking about himself (yet again), not the Zodiac.

Mon, 05/30/2011 - 23:17 | 1324364 wirtschaftswunder
wirtschaftswunder's picture

Fuck off! When the pesanut gallery is called for it will be evident.

Mon, 05/30/2011 - 23:52 | 1324438 Dolemite
Dolemite's picture

Fade this last gasp in stocks and Euro

Gold going up

http://deadcatbouncing.blogspot.com/

Mon, 05/30/2011 - 22:58 | 1324305 Problem Is
Problem Is's picture

I took it as a comical double entendre...

As Leo's market views are somewhat cancerous to your wealth...

Mon, 05/30/2011 - 20:57 | 1323870 Michael Victory
Michael Victory's picture

Monetize til destruction.

If you haven't heard it yet..

If you are a Turkey Phan..

Turkey talks Gold 8000 Silver 400.

 

Mon, 05/30/2011 - 21:24 | 1324020 CPL
CPL's picture

I like what they do, not how they do it.

 

..shit...those whack jobs at Stormfront are going to have fucking hayday with this shit.  Did germany internationally decide to elect National Socialists again or just have them claim the opportunity to throw a coup?

 

Man all this reads like a bad top five seller novel.

Mon, 05/30/2011 - 22:13 | 1324119 wirtschaftswunder
wirtschaftswunder's picture

Man all this reads like a bad top five seller novel.

...Or yet another tired Che is our hero let's give his memory a BJ even though he was a mass murderer. Reads like that?

Mon, 05/30/2011 - 22:19 | 1324140 PulauHantu29
PulauHantu29's picture

Oil soaring past $101 per barrle on its way to $160:

http://finviz.com/futures.ashx

Mon, 05/30/2011 - 22:26 | 1324163 wirtschaftswunder
wirtschaftswunder's picture

It should be only a matter of minutes.

Mon, 05/30/2011 - 22:06 | 1324100 ruffian
ruffian's picture

gold reaching tendline resistance at 1540-1545......daily stoch's topping and everythings alright now....greece is saved...no need to worry....gold's not necessary anymore......june is an important delivery month........smackdown coming !!

Mon, 05/30/2011 - 22:58 | 1324121 wirtschaftswunder
wirtschaftswunder's picture

Gold is a joke. Hahahahha

Mon, 05/30/2011 - 22:59 | 1324300 tmosley
tmosley's picture

Ah, so your real name is Gold.  I see now.

Mon, 05/30/2011 - 23:40 | 1324414 jeff montanye
jeff montanye's picture

definitely no need to worry.  ends of (seventy year) credit cycles are usually fairly easy to deal with, especially by an elite complicit in the greatest control fraud in history. 

Mon, 05/30/2011 - 20:49 | 1323774 Id fight Gandhi
Id fight Gandhi's picture

Yea! Everything is fine again. Buy cmg, Nflx, lulu and lnkd.

Mon, 05/30/2011 - 20:50 | 1323792 bigkahuna
bigkahuna's picture

Contagion.

Mon, 05/30/2011 - 20:46 | 1323794 ebworthen
ebworthen's picture

 

Banksters busy selling out populace of the industrialized world.

Do you have your bottle of WWIII champagne in the fridge yet?

 

Mon, 05/30/2011 - 20:50 | 1323800 duo
duo's picture

The Germans can hide their monetarism behind the Euro curtain.  Buy that Audi this year.

Mon, 05/30/2011 - 21:28 | 1324029 CPL
CPL's picture

Ummm...no...pretty cars, run like shit after a year off the lot.  I'll stick with my Silverado and Echo...gas and oil are the only things you stick in a car not effort.

Mon, 05/30/2011 - 20:50 | 1323808 Reese Bobby
Reese Bobby's picture

I'll believe it when money changes hands...

Mon, 05/30/2011 - 22:27 | 1324179 carbonmutant
carbonmutant's picture

In reality this solution seems to involve a proposal to let other countries (Germany) get involved in collecting taxes from Greek citizens... since the process appears to be too complicated for the Greeks to collect their own taxes.

This is likely to produce something very different than the state run protests we've seen in Greece so far.

http://www.ft.com/intl/cms/s/0/eb91ba84-8a27-11e0-beff-00144feab49a.html...

 

Mon, 05/30/2011 - 20:50 | 1323815 Id fight Gandhi
Id fight Gandhi's picture

Greeks are debt slaves and losing their homeland, time to buy the stocks.

Mon, 05/30/2011 - 20:52 | 1323843 throughthewire
throughthewire's picture

Euroemotion, won't last. Even the "smartest traders" are beginning to understand that phony economics has no staying power.

Mon, 05/30/2011 - 20:53 | 1323861 Yen Cross
Yen Cross's picture

  Thanks for that chart!!!

Mon, 05/30/2011 - 20:54 | 1323874 steve from virginia
steve from virginia's picture

Germany bails out its own banks, Greece winds up empty- handed as per usual.

No haircuts for now, but Greece will still default, maybe not next week.

Bizarre kind of musical chairs where standee is taken away and shot. Who gets 'bailed' next? Ireland?

What about Italy?

World economies engaged in endless rear- guard actions to postpone the inevitable, when all the chairs are taken away and all the standees array themselves in a circle and shoot each other.

 

Peak oil, bitchez!

 

 

Mon, 05/30/2011 - 21:17 | 1323989 agent default
agent default's picture

That would be a royal mess.  If Italy goes down, Unicredit may also need a bailout.  Italy can potentialy do double damage for its size.

Mon, 05/30/2011 - 21:27 | 1324019 ??
??'s picture

what about Italy?

 

more to the point would be what about the chorus of pundits and doomsters that failed to predict this bailout?

Mon, 05/30/2011 - 21:01 | 1323876 bob_dabolina
bob_dabolina's picture

This move should be faded.

This is mere re-confirmation that the problem is unfixable. This move does nothing to help. 

Mon, 05/30/2011 - 21:20 | 1324001 fiddler_on_the_roof
fiddler_on_the_roof's picture

I will fade you.

Mon, 05/30/2011 - 21:26 | 1324026 Yen Cross
Yen Cross's picture

NEVER fade the trade! Set (wide) stops! It takes 3 moves to set a short term trend change!

Mon, 05/30/2011 - 22:16 | 1324128 wirtschaftswunder
wirtschaftswunder's picture

SSSsssshhhh fool!!!! When everybody knows the gig is up!

Mon, 05/30/2011 - 22:28 | 1324169 Yen Cross
Yen Cross's picture

 Ok. You got me> ?

Mon, 05/30/2011 - 22:13 | 1324130 mick_richfield
mick_richfield's picture

what i tell you three times is true.

Mon, 05/30/2011 - 22:20 | 1324141 wirtschaftswunder
wirtschaftswunder's picture

Never trust a man that says "Trust me".

Mon, 05/30/2011 - 22:26 | 1324176 Yen Cross
Yen Cross's picture

 What is your wonderland thought?

Mon, 05/30/2011 - 22:30 | 1324182 wirtschaftswunder
wirtschaftswunder's picture

That Wonderland Ave offers great views of the L.A. basin?

Mon, 05/30/2011 - 22:41 | 1324211 Yen Cross
Yen Cross's picture

  As many people know. Oceana calls. You are A pleasure to exchange with.

Mon, 05/30/2011 - 22:52 | 1324285 wirtschaftswunder
wirtschaftswunder's picture

Let me guess. ......You're Polynesian and your wife has some fuckin insane body that won't quit for 45 years and you have 4 of them? :-)

Mon, 05/30/2011 - 22:57 | 1324294 Yen Cross
Yen Cross's picture

 Thanks for taking the time. We all mistakes.

Mon, 05/30/2011 - 23:01 | 1324308 wirtschaftswunder
wirtschaftswunder's picture

You might be right. Took me 3 marriages to get the good one. Then again....

Mon, 05/30/2011 - 23:15 | 1324348 tmosley
tmosley's picture

lol, no wonder you live in a van on the beach and smoke crack all day.  Also explains your bitterness.

Mon, 05/30/2011 - 22:58 | 1324297 disabledvet
disabledvet's picture

"trust me.  trust me.  trust me."

I feel much better now.  How 'bout you?

Mon, 05/30/2011 - 23:10 | 1324341 Problem Is
Problem Is's picture

"Never trust a man that says "Trust me".

I'm Bernard Madoff. Trust me!

Tue, 05/31/2011 - 04:49 | 1324669 Hephasteus
Hephasteus's picture

He is one insane son of a bitch.

Mon, 05/30/2011 - 20:56 | 1323880 The Fonz
The Fonz's picture

I suppose at this point I am going to have to look a little bit foolish. I am wondering at the meaning of ES.  


Expected shortfall (ES) is a risk measure, a concept used in finance (and more specifically in the field of financial risk measurement) to evaluate the market risk or credit risk of a portfolio. It is an alternative to value at risk that is more sensitive to the shape of the loss distribution in the tail of the distribution. The "expected shortfall at q% level" is the expected return on the portfolio in the worstq% of the cases.

Expected shortfall is also called conditional value at risk (CVaR), average value at risk (AVaR), and expected tail loss (ETL).

ES evaluates the value (or risk) of an investment in a conservative way, focusing on the less profitable outcomes. For high values of q it ignores the most profitable but unlikely possibilities, for small values of q it focuses on the worst losses. On the other hand, unlike

 

If I understand this chart correctly then I am being told that a basket of somthing (equities in the other basket?) just got a lot more risky, or that its "tails" just got larger? Financial slang is a study of its own!

 

Thank you in advance for any help :)

Mon, 05/30/2011 - 21:19 | 1324005 The Fonz
The Fonz's picture

Thank you Buzzsaw :) I ruled out the E-mini from the acronym disambiguation :) I didn't think it was complicated enough :P

Mon, 05/30/2011 - 22:15 | 1324135 wirtschaftswunder
wirtschaftswunder's picture

Where is Ralph Mouth while the Fonz never gets laid?

Mon, 05/30/2011 - 22:59 | 1324304 disabledvet
disabledvet's picture

that's why they called him "the Mouth."  Can i say that?

Mon, 05/30/2011 - 20:56 | 1323881 chump666
chump666's picture

It's a false breakout...I wouldn't touch it.  As if Euro probs have gone away, waiting  for Spain next.  USD is a dip buy.  I'll bet yields on EZ toxic shit will still widen.  German people won't let this one through.

Mon, 05/30/2011 - 21:20 | 1324000 agent default
agent default's picture

Like they'll ask them.  Everyone is getting TARPed. Period.

Mon, 05/30/2011 - 21:29 | 1324021 chump666
chump666's picture

First thing you gotta look for if you are trading in the markets, is that when they start doing stupid sh*t like spending and sending oil (inflation) bid = you get riots.  Riots freak out the market.  So, this bailout rubbish is doing nothing but sending prices upward.

We are in the endgame and hedge funds struggle to hedge (downside) in asset supported markets.  But it ends.  When?  Next 6mth, we are going down...hard.

Also read up about Mandlebrot theories (markets). What the 'powers' at be always miss, is that the meltdown happens within (internal) and moves outward.  That's where we are heading.

Mon, 05/30/2011 - 22:36 | 1324193 snowball777
snowball777's picture

Like a car trying to do 80mph in 2nd gear beating its head against a rev limiter.

Mon, 05/30/2011 - 23:46 | 1324420 baby_BLYTHE
baby_BLYTHE's picture

Are you suggesting TARP worked and the American people 500/1 were wrong in opposing it?

Tue, 05/31/2011 - 03:37 | 1324632 agent default
agent default's picture

No, but they did it anyway. And when it failed they did more of the same. Just to spite the naysayers I guess.

Mon, 05/30/2011 - 21:01 | 1323892 Subprime JD
Subprime JD's picture

Why am I not surprised. This was totally expected. As Hamy brilliantly puts it, "the pigmen" will do everything in their power to maintain the status quo. Liftoff in ES and Russell 2000 to ensue. Carry on soldiers.

Mon, 05/30/2011 - 21:22 | 1324012 Fazzie
Fazzie's picture

 Im not suprised at all either. All QEs must end on a happy note and never be faded lest QEs credibility be questioned. Between the margin games to throw a little water on PMs and oil, and another can kicking for the PIGS, The dry humping of stocks will dutifully continue at least until July.

 Then things are allowed to tank, while the process of praising QE2 and selling QE3 plays out thru the usual propaganda channels (MSM). Sound familiar?

  A significant correction occuring during a QEX would call into question QE itself. The Pigmen will of course manipulate the living dogshit out of whatever is required to make sure QE is the drug of choice that would kill the pateint if ever withdrawn.

  Its not the Twilight Zone, its the Outer Limits. They control the economy and the sheeples perception of every aspect of it. (until something breaks)

Mon, 05/30/2011 - 21:02 | 1323895 Hannibal
Hannibal's picture

Piss'g in the wine and snot on your burger is always on the table.

Mon, 05/30/2011 - 21:41 | 1324034 ??
??'s picture

that would be Special Snot of course

is that before or after you complain and/or the return after you stiff the server; alternatively could the food handlers simply have some sociopathic tendencies

 

eating out is like sleeping on  a mattress you picked up by the curb or for that matter sleeping on a mattress in a hotel room (you know... that sweaty blob you saw checking out as you were checking in)

Mon, 05/30/2011 - 21:04 | 1323911 tahoebumsmith
tahoebumsmith's picture

I've lost count, Is this ralley on Greek bailout # six or # seven?

Mon, 05/30/2011 - 21:06 | 1323972 Boilermaker
Boilermaker's picture

It's infinity minus 7 to be exact.

Mon, 05/30/2011 - 21:07 | 1323952 Mr Lennon Hendrix
Mr Lennon Hendrix's picture

Right.  Because the plan all along has been to render governments ineffective while giving the economic landscape to the corporations.

Tue, 05/31/2011 - 04:55 | 1324670 Hephasteus
Hephasteus's picture

400,000 ibm employees versus 535 congressmen with a couple thousand in staff.

Who did you think was going to win? LOL

Mon, 05/30/2011 - 21:04 | 1323958 AUD
AUD's picture

Hmmmn...... so the 'Pigmen' have had their speculative bets pay off once again in the form of a government bid?

Mon, 05/30/2011 - 21:10 | 1323975 Boilermaker
Boilermaker's picture

SURPISE!

Mon, 05/30/2011 - 21:58 | 1324085 nmewn
nmewn's picture

Bang da hoes ;-)

Mon, 05/30/2011 - 21:08 | 1323964 Racer
Racer's picture

And do the people and especially the pensioners of all the other countries know abou this rtheft of their money to give to Greece?

Mon, 05/30/2011 - 21:13 | 1323965 John McCloy
John McCloy's picture

Tyler...what do you mean risk their "political leadership"? They have never been in the business of doing what is best for the populace only themselves. If they siphon the dollars off to the bankers then they could care less if the lose an election. They are only their to enrich themselves and there in lies the ultimate definition of crony capitalism. So they lose an election and meander off into obscurity at the end of the day they are assured at worst case for their minion like work to walk away with an "international advisor" position @ GS ala Sen. Judd Gregg. There is no accountabilty because like minded individuals follow behind them in a great wake of Hansel Gretel crumbs to riches left by taxpayer debt and impunity by their secret handshaking self appointed monarchs of finance. Think Fat Al from that Chapelle Show skit..."kiss the rings bitches..I'm paid" They are willing to roll the dice with prosecution as long as the corporate dollars fund their replacements and judicial sheltering via judges and media propaganda. Nuremberg would have nothing on this class of 2000+ individuals who resort to the same passive aggressive abuses through gradualism. Chipping away Dufrense style and hope nobody notices till you have tunneled out of Shawshank or in our case removed every check and balance on power and the rights of the individual. Nothing but sneak thieves. History proved however that tyranny is always defeated and not in a pretty fashion. America will be looked back upon in 400 years as experiment of ideas that must be replicated and protected at all costs. Maybe it will be attempted again in Australia or a smaller land mass but it has now failed us.

Tue, 05/31/2011 - 00:27 | 1324482 Coke and Hookers
Coke and Hookers's picture

Germany is risking their political leadership not only to bail out their banks but to bail out the EU as a whole. This bailout is as much motivated by politics as it is motivated by finance. EU consolidation is a dream that these people will do absolutely anything to make come true. ANYTHING. They will plunge their population into serfdom, sacrifice their first borns and cut off their dicks if that's what it takes. Sacrificing Merkel is small price to pay for those people. The banks have got the politicians by the balls because in order to save the EU dream, you have to save the Eurozone. And to save the eurozone, you have to save the banks.

Tue, 05/31/2011 - 05:17 | 1324679 jeff montanye
jeff montanye's picture

except you do not have to save the banks: http://www.hussmanfunds.com/wmc/wmc100517.htm

Mon, 05/30/2011 - 21:07 | 1323973 Caviar Emptor
Caviar Emptor's picture

Everybody's gone bailin'

Bailin' USA 

Mon, 05/30/2011 - 23:00 | 1324318 disabledvet
disabledvet's picture

well she got her Daddy's car and she's cruisin' to the hamburger stand now/Seems she forgot all about the library like she told her own man now/And with the radio blastin' she goes cruisin' just as fast as she can now/And she'll have FUN, FUN, FUN 'till her Daddy takes the t-bird away!

Mon, 05/30/2011 - 21:12 | 1323977 Iam Rich
Iam Rich's picture

By analogy, I guess this means if the Fed/Gov't bails out California or Illinois, this is dollar positive?  I didn't realize a return to King Dollar was so simple.

Mon, 05/30/2011 - 21:13 | 1323987 Caviar Emptor
Caviar Emptor's picture

No it would be dollar-negative!

Because then the Wall Street lunch bell would ring and it's risk on! 

And, minor detail, dollar dilution would also factor in. 

Mon, 05/30/2011 - 21:16 | 1323998 gimli
gimli's picture

Can we back all currencies with tulips? Does anyone have change for a 100 Hortus Bulborums?

Mon, 05/30/2011 - 21:22 | 1324006 Mr Lennon Hendrix
Mon, 05/30/2011 - 21:59 | 1324092 cosmictrainwreck
cosmictrainwreck's picture

tip o' the hat & wag of the finger to both buzz & Mr. LH; that "wanna buy the monkey?" shit just killed me...

Mon, 05/30/2011 - 21:20 | 1324008 Dolemite
Dolemite's picture

Fade this move

See why here

http://deadcatbouncing.blogspot.com/

Mon, 05/30/2011 - 21:28 | 1324022 Ricky Roma
Ricky Roma's picture

Merkel has the blueprint in the basement once used by Rudolf Havenstein.

Mon, 05/30/2011 - 21:26 | 1324023 Russiamerica
Russiamerica's picture

Greeks, to the Germans

Do you feel Lucky, well do ya!

Germans flinch, I guess not.

What do you need?

Mon, 05/30/2011 - 21:32 | 1324031 Yen Cross
Yen Cross's picture

  I like you Rusamerica!

Mon, 05/30/2011 - 21:29 | 1324032 Misean
Misean's picture

Yep.

But in politics, flinching is significant.

The economic reality is still gonna smack everyone in the face.

Mon, 05/30/2011 - 21:37 | 1324038 ??
??'s picture

We've been hearing that for a couple of years any thoughts on timing (recall the 666 suckers rally crowd Rosie et al)

 

it is pretty easy to say we're going to get smacked , the trick is to say when

Mon, 05/30/2011 - 21:38 | 1324041 Yen Cross
Yen Cross's picture

  As usual Misean, I have forgotten to give you credit on your insight! Keep up the well repected input!

    YenCross

Mon, 05/30/2011 - 23:11 | 1324345 disabledvet
disabledvet's picture

"i know what you're thinking, Hun.  Did you fire one trillion or six? Well,...HUN, in all the confusion i must say...I lost count myself. So you gotta ask yourself on question...HUN...Do you feel SNARKY?  Well...DO YA!"

Mon, 05/30/2011 - 21:35 | 1324039 gwar5
gwar5's picture

That secret meeting paid off. I hope Greece drank their milkshake.  

Now it's time for a German revolt, except that their economy is doing pretty well right now, so the calculus must be that whoever threatens the most violence to embarrass the EU -- wins. 

Mon, 05/30/2011 - 21:34 | 1324040 Catullus
Catullus's picture

Bluff

Mon, 05/30/2011 - 21:36 | 1324042 sbenard
sbenard's picture

And the other piece of the story, of course, is the tanking Dollar! Which means commodities rally virtually across the board.

Don't we feel lucky that we will pay still higher prices for everything?

Mon, 05/30/2011 - 21:37 | 1324045 sbenard
sbenard's picture

The kleptocracy lives on!

Mon, 05/30/2011 - 21:41 | 1324046 Itsalie
Itsalie's picture

NZD at 20-year, probably life-time high vs ben's toilet paper - who wud have thought after the 2 christchurch quakes. The worse the news, the higher they go! yee har!

Mon, 05/30/2011 - 21:41 | 1324048 Caviar Emptor
Caviar Emptor's picture

There's simply no Plan B. There's only bail and kick the can. 

There's simply no political will to reform the system. And worse, there's simply no way for any country to extricate itself from debt saturation, from the interdependent and self-referential public/private debt pyramid or from the web of deceit and lies that was needed to build it up. The banks own the politicians and every developed country was involved in the web. 

That's why QE3 and QEn are inevitable: the economy will always contract without more stimulus and there's not enough economic activity to pick up the slack. Not by a mile. And then the banks would go under. 

We have evolved as a species! We no longer consider money in the same way as we did: it is no longer tethered to the laws of supply/demand. It's tied to politics. End of story. 

Mon, 05/30/2011 - 23:06 | 1324324 disabledvet
disabledvet's picture

yeah, "this is what the German voter wanted."  Of course this took enormous political will.  And is the problem solved even?  "hard tellin'....not knowin'."

Tue, 05/31/2011 - 03:43 | 1324633 Urban Redneck
Urban Redneck's picture

Plan B will be the politicians turning on the bankers. 

The politicians can survive with new faces among the banking elite as they can continue sucking the wealth from the masses to finance their delusions.  The banking elite cannot survive with new faces among the political elite if they actually demand honesty and accountability from the bankers.

 

Mon, 05/30/2011 - 21:41 | 1324049 Lady Heather...UNCLE
Lady Heather...UNCLE's picture

I was pretty certain the OBL spike (1375) on May 2 was the abc correction high (off the 666 low). Now?...not so sure.

Mon, 05/30/2011 - 21:41 | 1324051 Glasgow Gary
Glasgow Gary's picture

Is this a great Keynesian Endgame, or what? Let's light this candle.

GG

Tue, 05/31/2011 - 02:15 | 1324587 Mec-sick-o
Mec-sick-o's picture

Hmmm... funny name this candle brand has:

TriNitroToluene

Ahhh, probably this is why they make this candle-stick so long.

Mon, 05/30/2011 - 21:42 | 1324056 firstdivision
firstdivision's picture

Why would the euro surge on news that more euros will be printed?!?

Mon, 05/30/2011 - 21:51 | 1324074 Ricky Roma
Ricky Roma's picture

You print for me, I print for you.  You buy my dollars, I buy yours....

Mon, 05/30/2011 - 21:52 | 1324080 qussl3
qussl3's picture

Since when did the markets make sense.

But if we are speculating, its probably because retail is short :p

Mon, 05/30/2011 - 21:53 | 1324082 gimli
gimli's picture

Making more Euros is like making more babies. First you get screwed, then you get bigger, then you squeeze out a delivery, and then you have post-partum depression.

The Euro is already screwed -- it is now in now in phase 2 where it grows bigger.

Mon, 05/30/2011 - 21:55 | 1324084 booboo
booboo's picture

because as Krugman said in his Nobel speech, "more is mo better, now give me my prize"

Mon, 05/30/2011 - 23:04 | 1324321 From A West Tex...
From A West Texas Desk's picture

Either:

1. 'Mental Illness'

OR

2. Greece Debt Crisis, EUR selling for USD, Greece Debt Crisis (temporarily?) Subsides, EUR Buyback.

-

Anticipating another 'Market Whipsaw'.

Happy 'Volatile Trading' Trails.

 

Mon, 05/30/2011 - 21:50 | 1324072 No More Bubbles
No More Bubbles's picture

Wake me up when all you folks are fed up enough and ready to start using GUILLOTINES!

Mon, 05/30/2011 - 21:53 | 1324073 bugs_
bugs_'s picture

ve have vays of sacrificing our political leaders

Mon, 05/30/2011 - 22:05 | 1324095 phungus_mungus
phungus_mungus's picture

The guests were still partying well far the Titanic hit the iceberg too... 

Mon, 05/30/2011 - 22:04 | 1324104 SilverDoctors
SilverDoctors's picture

More PRINTING! QE to Infinity, and BEYOND!!
Time to start thinking about where to store all this gold and silver we're accumulating!

http://silverdoctors.blogspot.com/2011/05/where-do-i-store-all-this-silv...

Mon, 05/30/2011 - 22:06 | 1324112 ruffian
ruffian's picture

gold reaching trendline resistance at 1540-1545......daily stoch's topping and everythings alright now....greece is saved...no need to worry....gold's not necessary anymore......june is an important delivery month........smackdown coming !! 

Mon, 05/30/2011 - 22:18 | 1324133 lizzy36
lizzy36's picture

And when more austerity is forced on an ever militant Greek population?

The first hit/bailout is the best. Law of diminishing returns for each successive bailout....tell finally?

Since there are no consequences for "investing" in insolvent countries, because one is investing along side CB's and their interests prevail over the stability of the general population, this will go on and on until one day the general population says no more.

And there will be NO bailout on that day.

Mon, 05/30/2011 - 22:20 | 1324153 Muir
Muir's picture

Nice...

but finish the story... then what happens (NO bailout on that day)

Mon, 05/30/2011 - 22:29 | 1324171 ruffian
ruffian's picture

by that time bailouts will be meaningless as fiat currency in it's current form will be near worthless.....only the total loss of purchasing power by the populace will cause the type of action I think Lucy is alluding to....not bailouts themselves but their monetary hyperinflationary ramifications

Mon, 05/30/2011 - 22:32 | 1324190 lizzy36
lizzy36's picture

My 2yr supplyof non perishables and my stash of assorted barter goods, is worth more than the dollars i don't have.

As for the rest, i am hiding behind my boy. Him i trust.

 

Mon, 05/30/2011 - 22:49 | 1324255 Muir
Muir's picture

Aahh....

ok

Mon, 05/30/2011 - 22:21 | 1324148 Dolemite
Dolemite's picture


Euro stalling at 1.4425

http://deadcatbouncing.blogspot.com/

Mon, 05/30/2011 - 22:24 | 1324157 wirtschaftswunder
wirtschaftswunder's picture

Try engine #2, stalling at 35,000 feet is evil 

Mon, 05/30/2011 - 22:41 | 1324208 chump666
chump666's picture

Dumb ass overbid, probably some whacked out Japan investment bank.  Option selling now...

The Greek thing is still just talk and rhetoric, there is no way the German people are going to roll with this.  Sell EUR

Mon, 05/30/2011 - 22:44 | 1324222 chump666
chump666's picture

actually i think it's the stupid japanese investors buying up.  since their funged and cooked PMI number came out hrs ago sans Sth Korea (better economy) struggling with good trade figures.

So we got some dodgy trades going on. 

Mon, 05/30/2011 - 22:26 | 1324166 Seasmoke
Seasmoke's picture

keep on gyroing !

Mon, 05/30/2011 - 22:27 | 1324167 camoes
camoes's picture

Last call to short the Euro and the Yen before they go the same way as the dollar...down the drain...look at the Yen surging as well!

Mon, 05/30/2011 - 22:30 | 1324177 wirtschaftswunder
wirtschaftswunder's picture

Aye La Lusiads. Ahoy matey pillagable land mass ahead

Mon, 05/30/2011 - 22:29 | 1324183 kito
kito's picture

for all those who feel fiat is completely and utterly worthless, please forward me your stash of dollars, euro, yen. i will provide for shipping costs. let everyone put their fiat money where their mouth is.

Mon, 05/30/2011 - 22:47 | 1324257 Muir
Muir's picture

Friend, are you of the body?

landreu

Mon, 05/30/2011 - 23:08 | 1324328 kito
kito's picture

Yes the flesh that indulges in lifes pleasures with the fiat that i take in the form of pay.

Tue, 05/31/2011 - 00:11 | 1324453 Al Gorerhythm
Al Gorerhythm's picture

Live it up, pup.

Mon, 05/30/2011 - 22:32 | 1324184 Yen Cross
Yen Cross's picture

 Here's the deal. Look at volume first. Then look@ your trades. What would the open bring? I trade currencies!!!!  How would my trade HELP your trade?

Mon, 05/30/2011 - 22:31 | 1324188 Yen Cross
Yen Cross's picture

  Forget about accounting, and get micro! Yen Cross!

Mon, 05/30/2011 - 22:38 | 1324197 wirtschaftswunder
wirtschaftswunder's picture

get micro!

 

Butt floss for all genders..all uv em

 


Mon, 05/30/2011 - 22:37 | 1324195 Yen Cross
Yen Cross's picture

   I indirectly taught the Greeks how to be Bailed out.

Mon, 05/30/2011 - 22:41 | 1324220 wirtschaftswunder
wirtschaftswunder's picture

Plastic or aluminum?

 

Mon, 05/30/2011 - 22:44 | 1324238 Yen Cross
Yen Cross's picture

Blue Fin.

Mon, 05/30/2011 - 22:46 | 1324252 wirtschaftswunder
wirtschaftswunder's picture

Raw yes and by the kilo, but what does a tasty fish have to do with bailing?

Mon, 05/30/2011 - 23:01 | 1324322 Yen Cross
Yen Cross's picture

 I assume we are good on a previous post?

Mon, 05/30/2011 - 22:38 | 1324201 Seasmoke
Seasmoke's picture

Greece is too Little to Fail

Tue, 05/31/2011 - 02:21 | 1324591 Mec-sick-o
Mec-sick-o's picture

LOL!

Now I know why Mainstreet didn't get a bailout.

Mon, 05/30/2011 - 22:43 | 1324232 Yen Cross
Yen Cross's picture

  The Greeks will be bailed out.

Mon, 05/30/2011 - 22:50 | 1324276 RobotTrader
RobotTrader's picture

Absolutely hilarious.

TPTB is becoming so predictable.

Now that the crisis is over, everyone wants stocks and nobody needs gold any longer.

Mon, 05/30/2011 - 23:07 | 1324326 Tyler Durden
Tyler Durden's picture

Here are some synonyms for hilarious: false, self-discrediting, and, most recently, irrelevant.

Mon, 05/30/2011 - 23:36 | 1324360 tmosley
tmosley's picture

lol, yeah, I hacked youtube to deliver viruses to people at a board that I post on.

Smoke some more crack, crackhead.

Edit: and his post is gone.  As is his account, lol.

Mon, 05/30/2011 - 23:17 | 1324367 disabledvet
disabledvet's picture

temper, temper mon capitain.  "He said THE SHERIFF IS NEAR!"/"What?"/"He said THE SHERIFF IS NEAR!"/"What?"/"HE SAID "THE SHERIFF IS A...

Tue, 05/31/2011 - 04:58 | 1324673 equity_momo
equity_momo's picture

No response to Tyler , RT? As per usual i see you fling poop at the wall and then walk off looking for another wall. (i really should know better than to feed trolls)

Mon, 05/30/2011 - 23:15 | 1324346 ruffian
ruffian's picture

who is "everyone"? participation in equities has been very narrow for some time. Maybe only a handful even.....crisis over?  sheeesh

Mon, 05/30/2011 - 23:10 | 1324342 Yen Cross
Yen Cross's picture

This is stupid . I'm f-running trend lines, and taking care of business.

Mon, 05/30/2011 - 23:24 | 1324374 disabledvet
disabledvet's picture

stop yer hand wringing all you conspriratorial lovelies.  "you substitute reason for common sense ALL THE FRIGGIN' TIME.  Please, STOP IT ALREADY!  You're killing me!"

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