Total, utter, complete confusion. The latest from Reuters, quoting a German Government official, is that the Greece bailout rumors are UNFOUNDED.
Tyler Durden - Founder
Marla Singer - Foil
Travis - Author
Cornelius - Author
Sacrilege - Senior Researcher
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on Tue, 02/09/2010 - 12:53
#223557
Just the fact that rumors can move the market like this tells you something about the state of the market.
Shades of autumn 2008.
on Tue, 02/09/2010 - 12:55
#223567
It sure feels that way.
on Tue, 02/09/2010 - 12:58
#223581
+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.
on Tue, 02/09/2010 - 13:57
#223617
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.
on Tue, 02/09/2010 - 12:54
#223560
Kartoffeln Kopfen!
on Tue, 02/09/2010 - 12:57
#223561
Time to grab your chips and run? This market is laughable and deserves to be put out of its misery.
on Tue, 02/09/2010 - 12:55
#223565
Who's baby is that?
What's your angle?
I'll buy that!
on Tue, 02/09/2010 - 12:56
#223571
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.
on Tue, 02/09/2010 - 12:57
#223576
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?
on Tue, 02/09/2010 - 12:59
#223582
Efficient Markets! BUY! SELL!
on Tue, 02/09/2010 - 13:14
#223596
http://www.youtube.com/watch?v=mzJmTCYmo9g
"Market sentiment"
on Tue, 02/09/2010 - 13:10
#223587
Fundamentals? Technicals? Screw Graham, Dodd, Edwards, and McGee. Didn't Machiavelli write a securities analysis book? The Princ[ipal]e or something like that? I hope it is available on the Kindle.
We are all currency traders, now.
I wonder who has K Street wired like Raj had Silicon Valley? Oh yeah, Giant Squid. Duh.
...unexpectedly...
on Tue, 02/09/2010 - 13:11
#223588
Where's that Cramer clip showing manipulative news trading? Seems to be workable on a wider scale now... Massive FX moves on this...
on Tue, 02/09/2010 - 13:11
#223589
Unfounded or not, market pushes higher. Doesn't care!
on Tue, 02/09/2010 - 13:12
#223591
Bahahaha! O man, if today is good for one thing, it is laughs! This is the biggest mess...US Treasuries anyone? Bawhahaha!
on Tue, 02/09/2010 - 13:13
#223592
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.
on Tue, 02/09/2010 - 13:14
#223598
I was thinking the same thing, imagine the volume this site will have when a German Bund auction fails.
on Tue, 02/09/2010 - 13:23
#223608
Well I been waiting all year to say it..
" I think were gonna need a bigger boat"
on Tue, 02/09/2010 - 14:24
#223718
Das Boot ist voll
http://www.imdb.com/title/tt0082095/
[OT, but interesting movie]
on Tue, 02/09/2010 - 20:33
#224337
+10
on Tue, 02/09/2010 - 13:33
#223639
I feel like I need a patch or something when ZH goes offline.
on Tue, 02/09/2010 - 13:16
#223595
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.
on Tue, 02/09/2010 - 13:15
#223599
you mean Goldmans computers are still long
on Tue, 02/09/2010 - 13:15
#223601
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...
on Tue, 02/09/2010 - 13:24
#223611
http://blogs.forbes.com/streettalk/2010/02/09/technical-analyst-to-the-stars-charles-nenner-calls-market-top/
on Tue, 02/09/2010 - 13:26
#223618
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?!)
on Tue, 02/09/2010 - 13:33
#223638
I'm guessing Marla has infiltrated GS and has gone dark, black ops style.
3rd (4th?) rule is: we don't talk about Marla
on Tue, 02/09/2010 - 13:55
#223661
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.
on Tue, 02/09/2010 - 15:35
#223921
Isn't Marla on strike?
on Tue, 02/09/2010 - 13:27
#223621
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?
on Tue, 02/09/2010 - 19:37
#224277
"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!"
on Tue, 02/09/2010 - 13:28
#223625
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.
on Tue, 02/09/2010 - 14:03
#223682
Don't need hedge funds anymore need rumor funds.
on Tue, 02/09/2010 - 14:18
#223711
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!
on Tue, 02/09/2010 - 16:10
#223995
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)