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Futures Surge On Greek Bailout Report
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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Gold/Silver to follow??
Yeah, you shoulda bought the dip.
I stopped out then bought the dip... then it crashed.
Don't ever look to me for advice on timing a top or bottom ;-|
Leo Leo Leo
No, Cancer
They were referring to Leo Kolivakis, not the Zodiac.
He was talking about himself (yet again), not the Zodiac.
Fuck off! When the pesanut gallery is called for it will be evident.
Fade this last gasp in stocks and Euro
Gold going up
http://deadcatbouncing.blogspot.com/
I took it as a comical double entendre...
As Leo's market views are somewhat cancerous to your wealth...
Monetize til destruction.
If you haven't heard it yet..
If you are a Turkey Phan..
Turkey talks Gold 8000 Silver 400.
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.
...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?
Oil soaring past $101 per barrle on its way to $160:
http://finviz.com/futures.ashx
It should be only a matter of minutes.
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 !!
Gold is a joke. Hahahahha
Ah, so your real name is Gold. I see now.
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.
Yea! Everything is fine again. Buy cmg, Nflx, lulu and lnkd.
Contagion.
Banksters busy selling out populace of the industrialized world.
Do you have your bottle of WWIII champagne in the fridge yet?
The Germans can hide their monetarism behind the Euro curtain. Buy that Audi this year.
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.
I'll believe it when money changes hands...
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...
Greeks are debt slaves and losing their homeland, time to buy the stocks.
Euroemotion, won't last. Even the "smartest traders" are beginning to understand that phony economics has no staying power.
Thanks for that chart!!!
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!
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.
what about Italy?
more to the point would be what about the chorus of pundits and doomsters that failed to predict this bailout?
This move should be faded.
This is mere re-confirmation that the problem is unfixable. This move does nothing to help.
I will fade you.
NEVER fade the trade! Set (wide) stops! It takes 3 moves to set a short term trend change!
SSSsssshhhh fool!!!! When everybody knows the gig is up!
Ok. You got me> ?
what i tell you three times is true.
Never trust a man that says "Trust me".
What is your wonderland thought?
That Wonderland Ave offers great views of the L.A. basin?
As many people know. Oceana calls. You are A pleasure to exchange with.
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? :-)
Thanks for taking the time. We all mistakes.
You might be right. Took me 3 marriages to get the good one. Then again....
lol, no wonder you live in a van on the beach and smoke crack all day. Also explains your bitterness.
"trust me. trust me. trust me."
I feel much better now. How 'bout you?
I'm Bernard Madoff. Trust me!
He is one insane son of a bitch.
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 :)
http://en.wikipedia.org/wiki/E-mini_S%26P
Thank you Buzzsaw :) I ruled out the E-mini from the acronym disambiguation :) I didn't think it was complicated enough :P
Where is Ralph Mouth while the Fonz never gets laid?
that's why they called him "the Mouth." Can i say that?
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.
Like they'll ask them. Everyone is getting TARPed. Period.
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.
Like a car trying to do 80mph in 2nd gear beating its head against a rev limiter.
Are you suggesting TARP worked and the American people 500/1 were wrong in opposing it?
No, but they did it anyway. And when it failed they did more of the same. Just to spite the naysayers I guess.
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.
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)
Piss'g in the wine and snot on your burger is always on the table.
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)
I've lost count, Is this ralley on Greek bailout # six or # seven?
It's infinity minus 7 to be exact.
Right. Because the plan all along has been to render governments ineffective while giving the economic landscape to the corporations.
400,000 ibm employees versus 535 congressmen with a couple thousand in staff.
Who did you think was going to win? LOL
Hmmmn...... so the 'Pigmen' have had their speculative bets pay off once again in the form of a government bid?
SURPISE!
Bang da hoes ;-)
And do the people and especially the pensioners of all the other countries know abou this rtheft of their money to give to Greece?
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.
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.
except you do not have to save the banks: http://www.hussmanfunds.com/wmc/wmc100517.htm
Everybody's gone bailin'
Bailin' USA
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!
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.
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.
Can we back all currencies with tulips? Does anyone have change for a 100 Hortus Bulborums?
http://www.youtube.com/watch?v=EmfE4KAZicY
Two can play this game.
http://www.youtube.com/watch?v=WbCc2jeEQdY
http://www.youtube.com/watch?v=pQCOK_48tTk&feature=related
tip o' the hat & wag of the finger to both buzz & Mr. LH; that "wanna buy the monkey?" shit just killed me...
Fade this move
See why here
http://deadcatbouncing.blogspot.com/
Merkel has the blueprint in the basement once used by Rudolf Havenstein.
Greeks, to the Germans
Do you feel Lucky, well do ya!
Germans flinch, I guess not.
What do you need?
I like you Rusamerica!
Yep.
But in politics, flinching is significant.
The economic reality is still gonna smack everyone in the face.
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
As usual Misean, I have forgotten to give you credit on your insight! Keep up the well repected input!
YenCross
"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!"
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.
Bluff
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?
The kleptocracy lives on!
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!
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.
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'."
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.
I was pretty certain the OBL spike (1375) on May 2 was the abc correction high (off the 666 low). Now?...not so sure.
Is this a great Keynesian Endgame, or what? Let's light this candle.
GG
Hmmm... funny name this candle brand has:
TriNitroToluene
Ahhh, probably this is why they make this candle-stick so long.
Why would the euro surge on news that more euros will be printed?!?
You print for me, I print for you. You buy my dollars, I buy yours....
Since when did the markets make sense.
But if we are speculating, its probably because retail is short :p
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.
because as Krugman said in his Nobel speech, "more is mo better, now give me my prize"
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.
Wake me up when all you folks are fed up enough and ready to start using GUILLOTINES!
ve have vays of sacrificing our political leaders
The guests were still partying well far the Titanic hit the iceberg too...
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...
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 !!
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.
Nice...
but finish the story... then what happens (NO bailout on that day)
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
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.
Aahh....
ok
Euro stalling at 1.4425
http://deadcatbouncing.blogspot.com/
Try engine #2, stalling at 35,000 feet is evil
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
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.
keep on gyroing !
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!
Aye La Lusiads. Ahoy matey pillagable land mass ahead
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.
Friend, are you of the body?
landreu
Yes the flesh that indulges in lifes pleasures with the fiat that i take in the form of pay.
Live it up, pup.
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?
Forget about accounting, and get micro! Yen Cross!
Butt floss for all genders..all uv em
I indirectly taught the Greeks how to be Bailed out.
Plastic or aluminum?
Blue Fin.
Raw yes and by the kilo, but what does a tasty fish have to do with bailing?
I assume we are good on a previous post?
Greece is too Little to Fail
LOL!
Now I know why Mainstreet didn't get a bailout.
The Greeks will be bailed out.
Absolutely hilarious.
TPTB is becoming so predictable.
Now that the crisis is over, everyone wants stocks and nobody needs gold any longer.
Here are some synonyms for hilarious: false, self-discrediting, and, most recently, irrelevant.
http://www.youtube.com/watch?v=2me8x7PLd1k
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.
temper, temper mon capitain. "He said THE SHERIFF IS NEAR!"/"What?"/"He said THE SHERIFF IS NEAR!"/"What?"/"HE SAID "THE SHERIFF IS A...
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)
who is "everyone"? participation in equities has been very narrow for some time. Maybe only a handful even.....crisis over? sheeesh
This is stupid . I'm f-running trend lines, and taking care of business.
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!"