Futures Surge On Greek Bailout Report

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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


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:


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


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.



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 :)

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