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Here Comes The Selling As Germany Claims Greek Bailout Rumors Are Unfounded, Confusion Reigns

Tyler Durden's picture




Total, utter, complete confusion. The latest from Reuters, quoting a German Government official, is that the Greece bailout rumors are UNFOUNDED.




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Tue, 02/09/2010 - 13:53 | Link to Comment ghostfaceinvestah
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Just the fact that rumors can move the market like this tells you something about the state of the market.

Shades of autumn 2008.

Tue, 02/09/2010 - 13:55 | Link to Comment Joe Sixpack
Joe Sixpack's picture

It sure feels that way.

Tue, 02/09/2010 - 13:58 | Link to Comment John McCloy
John McCloy's picture

+1

I was just thinking that. The market is getting very sensitive. Has been having all the symptoms of a very sick and unhealthy market for a few months now.

Tue, 02/09/2010 - 14:57 | Link to Comment Cognitive Dissonance
Cognitive Dissonance's picture

I've been thinking about this for a while now, that the market is extremely "sensitive" and thus it might be because the market is sitting on the knife's edge, that something is holding its head above water until the school of fish are spooked. And regardless of the reasons, I do agree it means an unhealthy market.

But I don't want to assume something simply because it "makes sense" and confirms my bias. With volume dropping and less and less players playing, might this "volatility" be a symptom of less and less players having an outsized effect on the market rather than a large pool of people very jumpy? Which means it's easier to stampede the market because there are less players moving in the opposite direction, acting as a buffer.

I'm not saying anyone is incorrect. And the result may be the same regardless of the cause. I just don't want to make an assumption and then get caught with my pants down around my ankles because that's where they "should" be based upon my assumptions. Making assumptions can become a habit.

Tue, 02/09/2010 - 13:54 | Link to Comment Joe Sixpack
Joe Sixpack's picture

Kartoffeln Kopfen!

Tue, 02/09/2010 - 13:57 | Link to Comment HelluvaEngineer
HelluvaEngineer's picture

Time to grab your chips and run?  This market is laughable and deserves to be put out of its misery.

Tue, 02/09/2010 - 13:55 | Link to Comment IKEA Is Swedish
IKEA Is Swedish's picture

Who's baby is that?

What's your angle?

I'll buy that!

Tue, 02/09/2010 - 13:56 | Link to Comment John McCloy
John McCloy's picture

Germany just laid down the gauntlet.I cannot wait for Sorkins "Too Big Too Fail" Part Deux

The 3rd act is always the longest and most dramatic.

 

Tue, 02/09/2010 - 13:57 | Link to Comment Joe Sixpack
Joe Sixpack's picture

I wonder who got paid how much to say what at the strategic moment so who could buy/sell what at what price to make a killing?

Tue, 02/09/2010 - 13:59 | Link to Comment Internet Tough Guy
Internet Tough Guy's picture

Efficient Markets! BUY! SELL!

Tue, 02/09/2010 - 14:14 | Link to Comment Stranger
Tue, 02/09/2010 - 14:10 | Link to Comment Anonymous
Tue, 02/09/2010 - 14:11 | Link to Comment Anonymous
Tue, 02/09/2010 - 14:11 | Link to Comment Ivanovich
Ivanovich's picture

Unfounded or not, market pushes higher.  Doesn't care!

Tue, 02/09/2010 - 14:12 | Link to Comment Mr Lennon Hendrix
Mr Lennon Hendrix's picture

Bahahaha!  O man, if today is good for one thing, it is laughs!  This is the biggest mess...US Treasuries anyone?  Bawhahaha!

Tue, 02/09/2010 - 14:13 | Link to Comment John McCloy
John McCloy's picture

What is happening to the site Tyler?

Too many visits causing overload from people trying to find out what is occuring? You better pick up some extra servers for the coming crash. You may be offline for days.

Tue, 02/09/2010 - 14:14 | Link to Comment ghostfaceinvestah
ghostfaceinvestah's picture

I was thinking the same thing, imagine the volume this site will have when a German Bund auction fails.

Tue, 02/09/2010 - 14:23 | Link to Comment John McCloy
John McCloy's picture

Well I been waiting all year to say it..

" I think were gonna need a bigger boat"

Tue, 02/09/2010 - 15:24 | Link to Comment nonclaim
nonclaim's picture
Das Boot ist voll

http://www.imdb.com/title/tt0082095/

[OT, but interesting movie]

Tue, 02/09/2010 - 21:33 | Link to Comment boiow
boiow's picture

+10

Tue, 02/09/2010 - 14:33 | Link to Comment aces and eights
aces and eights's picture

I feel like I need a patch or something when ZH goes offline.

Tue, 02/09/2010 - 14:16 | Link to Comment Joe Sixpack
Joe Sixpack's picture

I could not get on to Zerohedge for a few minutes. I went to MW and reported it and this story! Oh well, just add to the circus a little.

 

I still had time to edit it. Added a link back here.

Tue, 02/09/2010 - 14:15 | Link to Comment yabs
yabs's picture

you mean Goldmans computers are still long

Tue, 02/09/2010 - 14:15 | Link to Comment Assetman
Assetman's picture

French EU Official: "The EU has agreed in principle to support Greece in whatever why possible to avoid economic crisis.  And don't worry... the Germans will pay for it".

German EU Official:  "Say what?  We haven't agreed to nuttin', I tell you... nuttin'."

This is getting good...

 

Tue, 02/09/2010 - 14:26 | Link to Comment 10044
10044's picture

They're cracking down on sites, just like Alex Jones's. Watch out Tyler, you're out of the country right? (Where's Marla btw?!)

Tue, 02/09/2010 - 14:33 | Link to Comment tenaciousj
tenaciousj's picture

I'm guessing Marla has infiltrated GS and has gone dark, black ops style.

3rd (4th?) rule is:  we don't talk about Marla

Tue, 02/09/2010 - 14:55 | Link to Comment geminiRX
geminiRX's picture

Knowing the reputation of the US government, when the market finally crashes (regaining sensibility) they will blame sites like zerohedge, market ticker and global economic analysis for instigating rebellion against the recovery and deem us all as financial terrorists. "Your either with us, or the terrorists". What a joke.

Tue, 02/09/2010 - 16:35 | Link to Comment Anonymous
Tue, 02/09/2010 - 14:27 | Link to Comment MarketTruth
MarketTruth's picture

ROFL goes out to anyone who actually believes in this market.

 

Are you there yet?

 

Are you ready to finally pull out all your funds from banks and Wall Street?

 

Sell off all stocks/trades?

 

Perhaps even go on a labor strike with your co-workers and picket your State government?

 

Or are you just sitting there like a good sheeple?

Tue, 02/09/2010 - 20:37 | Link to Comment Mr Lennon Hendrix
Mr Lennon Hendrix's picture

"Sheeple ignore this nay sayer!  Come to dinner, uncle Ben will feed you."  BS looks over his shoulder.  There in the dark is a monstrous and hideous sight.  It is Janet Reno's body, with Ronnie Reagan's head!  It says,

"Get everyone in the house before you burn it down, Ben."

"Yes master.  Have I done well so far?"  "Yes, my boy, you have done very well.  And in case anyone forgets, you are a Princeton Professor."

"We will make sure to remind them master.  Thank you Master."

"No!  Thank YOU!"

Tue, 02/09/2010 - 14:28 | Link to Comment walküre
walküre's picture

Germany could absorb Greece and add to their portfolio. Just a matter of sorting out the details.

Herr Ober, more Ouzo and Jägermeister! schnell schnell! we're not drunk enough yet.

Tue, 02/09/2010 - 15:03 | Link to Comment bugs_
bugs_'s picture

Don't need hedge funds anymore need rumor funds.

Tue, 02/09/2010 - 15:18 | Link to Comment Jim in MN
Jim in MN's picture

 

Refinance your mortgage away from the TBTF Leviathans to a credit union.  That's a quarter million (for example) that's removed from this charnal leverage machine.  Just make sure they service their own mortgages or it'll wind up back at Fails Wargo or another Leviathan...

I am and it feels Sehr gut!

 

Tue, 02/09/2010 - 17:10 | Link to Comment Joe Sixpack
Joe Sixpack's picture

http://www.finanznachrichten.de/nachrichten-2010-02/16102769-german-govt-denies-decision-on-greece-aid-020.htm

 

 

09.02.2010 19:09

German govt denies decision on Greece aid

BERLIN, Feb 9 (Reuters) - Reports that the euro zone has made a decision to help debt-stricken Greece were unfounded, a spokesman for the German government said on Tuesday. 'Government spokesman Ulrich Wilhelm rejects as unfounded reports citing coalition sources saying a decision for aid for Greece has in effect been made,' a government official quoted him as saying. Reuters had earlier reported a senior German ruling coalition source as saying euro zone countries had decided in principle to help Greece. Keywords: GREECE GERMANY/AID UNFOUNDED (madeline.chambers@reuters.com; +49 30 2888 5230; Reuters Messaging: ann.chambers.reuters.net@reuters.com)

Mon, 04/19/2010 - 10:42 | Link to Comment Tom123456
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