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Greek CDS Explodes +60 bps, 5 Year Now 427/442

Tyler Durden's picture




 

Nothing to see here. Go back to buying stocks.

 

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Wed, 04/14/2010 - 11:04 | 300017 Racer
Racer's picture

South Sea Bubble, Tulipmania, DotCom,

And now the Hopium Bubble

Wed, 04/14/2010 - 11:06 | 300026 Cognitive Dissonance
Cognitive Dissonance's picture

I prefer my Hopium diluted with a little heroin and mainlined into which ever vein or artery hasn't collapsed yet.

Oh, and swirl in some chocolate sauce and a cherry on top. Just make sure the cherry doesn't clog the needle.

Wed, 04/14/2010 - 11:04 | 300018 HarryWanger
HarryWanger's picture

Greece will get bailed out and this story will fade away until next year when they are downgraded again. Until then, it's not even news now.

Wed, 04/14/2010 - 12:07 | 300149 geminiRX
geminiRX's picture

You have obviously chosen to take the blue pill. 

Wed, 04/14/2010 - 12:45 | 300218 Keyser Soze
Keyser Soze's picture

Note that the bailout means other countries will have to fork out. Countries such as Ireland. And Latvia. Now THERE is a new type of contagion.

Wed, 04/14/2010 - 11:05 | 300022 casino capitalism
casino capitalism's picture

They have sure done a fantastic job sucking money into the ponzi market.  The question is when will they let it go down.  The insiders must be getting close to setting up short after this latest wave of investor capitulation.

Wed, 04/14/2010 - 11:13 | 300039 HarryWanger
HarryWanger's picture

I truly don't think we're anywhere near the top here in the indices. There will be an acceleration to 1225, before any slight pull back. The way I see it, we're going to pretty much vertically run up to the old highs before any meaningful 10%+ pull back. 

Just playing the market in front of me. 

Wed, 04/14/2010 - 11:18 | 300052 Spaceman Spiff
Spaceman Spiff's picture

What makes you believe that, Mr. Wang?

Wed, 04/14/2010 - 11:24 | 300063 HarryWanger
HarryWanger's picture

The euphoria. Just look at what's happened to this point off last year's low. All along people have screamed and yelled that it would pull back, it was too expensive. Other than a couple of small set backs, it's been straight up. 

Now you have Joe and Jane out there buying into the "USA is back" scenario so boldly displayed on the cover of Newsweek. Now they fear they will miss the run back to Dow 14,000, so they'll start buying. Of course, analysts will encourage them. Only when we hit that high again will the rug be pulled out. Til then, keep buying.

Wed, 04/14/2010 - 12:07 | 300148 dot_bust
dot_bust's picture

It's tax week. The market will rise until April 15th. Sell at the close of market on the 15th.

Wed, 04/14/2010 - 13:21 | 300264 earnyermoney
earnyermoney's picture

The market will keep rising till the propaganda of Wall Street pulls dumb money into the market to realize all those paper gains.

Wed, 04/14/2010 - 11:09 | 300031 alien-IQ
alien-IQ's picture

No worries, they'll just toss the dollar off the cliff and the market will rally...the market ALWAYS rallies because (fill in the blank).

Wed, 04/14/2010 - 11:09 | 300032 John McCloy
John McCloy's picture

Tyler are you preparing anything on JPM's quarterly and how much income is derived from squeezing shorts? I have been looking forward to that all morning.

Wed, 04/14/2010 - 11:10 | 300033 mule65
mule65's picture

Markets should be up at least 1.5% by now -- WTF?

Wed, 04/14/2010 - 11:33 | 300079 girl money
girl money's picture

Confounded insiders are selling.

Wed, 04/14/2010 - 11:12 | 300036 Cookie
Cookie's picture

Ben and the 7 dwarfs (Trichet et al)

Hi ho, hi ho, its off to work we go....

 

Wed, 04/14/2010 - 11:13 | 300038 Internet Tough Guy
Internet Tough Guy's picture

Oil just spiked up.

Wed, 04/14/2010 - 11:17 | 300047 Herne the Hunter
Herne the Hunter's picture

Because EURUSD is spiking, i.e. Citi will be making a boatload going against their own advice (of course).

Wed, 04/14/2010 - 11:17 | 300049 Herne the Hunter
Herne the Hunter's picture

Or someone is selling $$$ to keep stock prices propped up...

Wed, 04/14/2010 - 11:17 | 300048 Leo Kolivakis
Leo Kolivakis's picture

Speaks volumes on how inept European policians have become. The speculators have them by the balls. Pathetic, truly pathetic. If the ECB were half as corrupt as the Fed, they'd stick it to the speculators!

Wed, 04/14/2010 - 11:18 | 300051 soupytwist007
soupytwist007's picture

If I had only listened back in March when my president told me to buy stocks.

Wed, 04/14/2010 - 11:37 | 300094 girl money
girl money's picture

Pretty soon he's going to tell you to buy Treasuries, because those auctions have been a little hairy lately.

Wed, 04/14/2010 - 11:28 | 300067 ZackAttack
ZackAttack's picture

Plainly, this is all the fault of speculators. Evil bastards went back in time and literally twisted arms to force these governments to undertake massive deficit spending over the course of decades merely as a cover story, so that they could profit in the present day. Will they stop at no act of heinousness?

And, the very nerve, to think that markets would have the temerity to set the price of money! How absurd!

Wed, 04/14/2010 - 11:37 | 300092 Leo Kolivakis
Leo Kolivakis's picture

Trust me, Soros isn't going around warning investors of the "Greek death spiral" because he is concerned about Greece or Europe. And if you truly believe Pimco is shunning Greek debt, I got some igloos to sell you in Crete.

Wed, 04/14/2010 - 12:28 | 300186 ZackAttack
ZackAttack's picture

Insidious bastards! The nerve of them, to manipulate markets... deliberately driving yields higher so they can back up the truck on debt at attractive prices. Someone alert the authorities.  

Wed, 04/14/2010 - 11:37 | 300095 Kina
Kina's picture

buy stocks, I thought the government was doing that for me.

If daily results are predestined what is the point of analysis. Sit back and watch the movie...happy ending or sad?

 

The economy is making the slowest recovery from  a recession ever, but the stock market...

Wed, 04/14/2010 - 11:38 | 300098 Won_Over
Won_Over's picture

Covering shit with piss it's still shit. Just a thought, translated from another european language.

Wed, 04/14/2010 - 11:42 | 300106 Headbanger
Headbanger's picture

Must buy stocks.... must buy stocks..... must buy stocks..... must buy stocks....

Wed, 04/14/2010 - 11:49 | 300118 Leo Kolivakis
Leo Kolivakis's picture

Global liquidity tsunami will lift all risks assets, and make European debt woes go away!

Wed, 04/14/2010 - 12:03 | 300143 Internet Tough Guy
Internet Tough Guy's picture

Oil to 500, dow to 100k, unemployment 50%, incomes...flat to down.

Wed, 04/14/2010 - 12:30 | 300187 ZackAttack
ZackAttack's picture

Reflating everything except the one thing that matters - wages.

But, we don't need jobs... we have a stock market.

Wed, 04/14/2010 - 17:31 | 300820 Rusty_Shackleford
Rusty_Shackleford's picture

"we don't need jobs... we have a stock market."

 

Great line

 

Remind me of this:

 

As it will be in the future, it was at the birth of Man
There are only four things certain since Social Progress began.
That the Dog returns to his Vomit and the Sow returns to her Mire,
And the burnt Fool's bandaged finger goes wabbling back to the Fire;

And that after this is accomplished, and the brave new world begins
When all men are paid for existing and no man must pay for his sins,
As surely as Water will wet us, as surely as Fire will burn,
The Gods of the Copybook Headings with terror and slaughter return!

 

http://www.kipling.org.uk/poems_copybook.htm

Wed, 04/14/2010 - 13:31 | 300281 ZackAttack
ZackAttack's picture

This is fantastic news! 

Since all the problems will all be addressed by the free markets, no EU or IMF bailouts will be needed!

Wed, 04/14/2010 - 12:14 | 300161 contango
contango's picture

This govt led equity bubble is just ridicolous.

I don't fight the market but strongly agree with Tyler and will start buying put options (maybe bear spread, just to save some theta) right today.

 

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