• Monetary Metals
    05/02/2016 - 01:28
    The price of gold shot up this week, and silver moved proportionally. Headlines are screaming for gold to hit $10,000 or $50,000. Does this alleged new bull market have legs?

Irish Stress Test Results, And Full Irish Financial Measures Programme Report

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Thu, 03/31/2011 - 11:31 | 1121507 Abitdodgie
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Bullish news

Thu, 03/31/2011 - 11:40 | 1121552 Crisismode
Crisismode's picture

You only need to know 2 things:

 

(1) Just BTFD.

(2) If there is no FD, then it was all priced in.

Thu, 03/31/2011 - 12:19 | 1121707 Long-John-Silver
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(3) BTFS Today's spike is tomorrows dip

Thu, 03/31/2011 - 11:31 | 1121509 TwoShortPlanks
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I'm waiting for the run.

Thu, 03/31/2011 - 11:44 | 1121591 camaro68ss
camaro68ss's picture

is it snowing over there or something?

Thu, 03/31/2011 - 14:16 | 1122258 Fearless Rick
Fearless Rick's picture

+1 blarney stone kiss

Absolutely, fucking brilliant.

As the memorable Stan Lee would say, " 'nuff said."

Thu, 03/31/2011 - 12:06 | 1121664 rocker
rocker's picture

Is that a run on the banks.

AT least the Irish have the balls to tell the bond holders, Fuck You.   Something Americans lacks, Balls and Knowledge.

Americans only understand what the news media tells them.   Bullshit Noise.  I live in a stupid society.

This pretty much guarantees PM's move upward. Did anybody notice how much money Bloomberg reported that we gave to China and Foreign banks.  Go Bloomberg.  They also pointed out that Lloyd Blankfein lied under oath about the window borrowings. Blankfein said they were there once. Not True. Perjury???  Yup !!!

Thu, 03/31/2011 - 12:27 | 1121729 Dr. Porkchop
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http://www.guardian.co.uk/business/2011/mar/27/dutch-bankers-bonuses-axe...

 

The Dutch scored a small victory with ING Bank, centering a campaign around Twitter, threatening to withdraw their money unless they axed the banker bonuses... it worked. Not bad... where's the fortitude of the American people?

 

Thu, 03/31/2011 - 12:32 | 1121742 Mr Lennon Hendrix
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Fortitude and American no longer belong in the same sentence.

Thu, 03/31/2011 - 12:44 | 1121779 Dr. Porkchop
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It's the only way anything will get done. The lawmakers in the US have proven to be all equally worthless. The only thing they fear is a run on the banks. Of course, in the new totalitarian America, the organizers of such an act would be branded domestic terrorists and the goon squad would come and burn them alive in their own homes. Never mind the fact the bankers used the exact same tactic (threatening to remove billions, trillions) if the government didn't release bailout money. You can commit such acts when you're a suicide banker.

Thu, 03/31/2011 - 12:48 | 1121785 I Am The Unknow...
I Am The Unknown Comic's picture

Apparently congress has decided that the word "perjury" may not be used to describe The Bernank, Blankfein, or any other bankster.  Instead, please use the newspeak words "partial information," as in "Partial Information = Truth." Remember; if Mr. O'Brien says that 2 + 2 = 5, then it equals 5 damnit!  Now Mr. Winston Smith, don't step out of line again or else you may be called before congress to testify about your blashphemous, terrorist behaviour.  Say hello to Meredith Whitney for me while you're there... 

Thu, 03/31/2011 - 12:56 | 1121853 Dr. Porkchop
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Ignorance is Strength

Thu, 03/31/2011 - 12:12 | 1121681 Mr Lennon Hendrix
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Hopefully the Irish are wearing diapers today.

Thu, 03/31/2011 - 12:19 | 1121712 Long-John-Silver
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They are prepared for the runs ;)

Thu, 03/31/2011 - 13:13 | 1121944 Joeman34
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...in your trousers?

Thu, 03/31/2011 - 11:34 | 1121512 unwashedmass
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well, let me buy a bushel of euros on this "good" news.

Thu, 03/31/2011 - 12:34 | 1121743 TruthInSunshine
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Not to worry. TEPCO says groundwater in Fukushima has 10,000 times legal limit of radiation. Ireland can sell whiskey to Japan.

(and if TEPCO says it's 10,000x it's probably 1 million x)

 

Radioactivity 10,000 times the limit found from groundwater: TEPCO

 

Thu, 03/31/2011 - 22:57 | 1123904 Element
Element's picture

When NHK goes quiet on reporting it (as they have today), and the video of the site stops, you can bet some really bad shit is developing there.

Thu, 03/31/2011 - 11:32 | 1121517 tmosley
tmosley's picture

I guess we'll see what the DAX does this afternoon.

US markets don't look too happy.

Thu, 03/31/2011 - 11:43 | 1121582 Robot Traders Mom
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Wow...AAPL in another bloodbath today. Down almost $1, and probably only solvent for another 6 months. People continue to dump these shitty tech stocks realizing they are living on borrowed time.

Meanwhile, silver and gold doing nicely as people continue to realize what true wealth is...

You can go to yahoo finance and pull your own dumb little chart in Apple, like Robot does to get an idea of what blood on the streets looks like in graph form.

Thu, 03/31/2011 - 11:50 | 1121610 Bleeping Fed
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AAPL down less than 0.5% is a bloodbath?

Thu, 03/31/2011 - 11:58 | 1121642 Dr. Richard Head
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According to Robo, "Silver getting slaughtered" when it was down .2% yesterday in interday trading.  Slaughter and bloodbath are just common nomenclature at this point.

Buy the Fucking Dip, as I am going to dip my balls in it - http://www.youtube.com/watch?v=gR1hI_Ikuv8

Thu, 03/31/2011 - 13:30 | 1122015 Robot Traders Mom
Robot Traders Mom's picture

Well said Doctor.

Thu, 03/31/2011 - 11:34 | 1121520 jerry_theking_lawler
jerry_theking_lawler's picture

24 Billion EU is a drop in the bucket. JCT....open the spigot....

Thu, 03/31/2011 - 11:38 | 1121542 traderjoe
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Approximately 15% of Irish GDP.

Billions, trillions of 'money' being thrown around these days. Those numbers have definitely lost their meaning.  

Thu, 03/31/2011 - 11:43 | 1121575 Cleanclog
Cleanclog's picture

Irish Central Bank says banks have to deleverage EUR72.6bln by 2013

Wouldn't want to own Irish real estate in any form with that statement.

Thu, 03/31/2011 - 11:52 | 1121619 A Man without Q...
A Man without Qualities's picture

What it gives you an idea of is just how rich a bunch of Irish property developers got on the back of this lunacy....

Thu, 03/31/2011 - 12:41 | 1121772 Milstar
Milstar's picture

True but I suspect most of those developers reinvested all their earnings for even more homes and projects.  

Thu, 03/31/2011 - 11:57 | 1121640 DavidC
DavidC's picture

Not to me they haven't, not since I found out that even spending £1 miilion pounds a day every day since the birth of Christ (i.e. 2011 years!), I would still not have spent £1 trillion pounds.

DavidC

Thu, 03/31/2011 - 12:51 | 1121808 JLee2027
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Good one! 

Thu, 03/31/2011 - 12:29 | 1121733 docj
docj's picture

Approximately 15% of Irish GDP.

Insanity.  The Irish people are absolutely out of their minds if they consent to this (aka, not "Go Iceland").

Thu, 03/31/2011 - 12:53 | 1121835 JLee2027
JLee2027's picture

Let the banks go under. Of course that may start the "contation" the bankers fear so much.

Good I say. It's coming at some point anyway.

Thu, 03/31/2011 - 12:02 | 1121647 High Plains Drifter
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do you remember when jerry the king lawler slapped  andy kaufman  on the david letterman show?  ha ha ha ......

Thu, 03/31/2011 - 11:34 | 1121522 Rhone_Ranger
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Maybe they can borrower the bearded eggplant's printing press?

Thu, 03/31/2011 - 11:33 | 1121523 RobotTrader
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PigMen will be profiting from this event, as they are always pre-positioned properly by taking advantage of inside information provided courtesy of Brian Sack.

Heh, any wonder why Sotheby's is skying today?

More fancy artwork to be purchased, in order to impress the Ukranian escorts who will be arriving to The Hamptons in a few weeks....

Who would have figured that the biggest country bank debt bust in history would have created a bull market in fine art?

Thu, 03/31/2011 - 11:36 | 1121541 HelluvaEngineer
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I flagged you as junk because only a loser would try to impress an escort.

Thu, 03/31/2011 - 11:50 | 1121616 Mr Lennon Hendrix
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HelluvaEngineer for the win!  That is the best comment of the day by far.  Dust off the "Fuck your couch, Bernanke!" t shirts, you win comment of the day!

Thu, 03/31/2011 - 11:41 | 1121546 bob_dabolina
bob_dabolina's picture

Yes you are correct.

Ukranian escorts have a visceral penchant for Gustav Klimt and the likes.

They can identify an artist based on just several brush strokes and all the financial services employees are just willy dilly to impress them. That must be the reason for the strong bid under BID.

Your analyses is second to none.

Thu, 03/31/2011 - 11:40 | 1121556 Id fight Gandhi
Id fight Gandhi's picture

Tyler can we please have an ignore button?

Thu, 03/31/2011 - 11:41 | 1121571 gmrpeabody
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+++

Thu, 03/31/2011 - 11:45 | 1121589 Wynn
Wynn's picture

mouse scroll wheel works well enough

Thu, 03/31/2011 - 11:52 | 1121623 Id fight Gandhi
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Not well enough to block momo charts. Feels like yahoo forums *cringe*

Thu, 03/31/2011 - 12:00 | 1121569 JacksBalanceSheet
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Derp

Thu, 03/31/2011 - 11:35 | 1121525 lizzy36
lizzy36's picture

They should just access the NATO reserve (aka frbny) discount window.

Thu, 03/31/2011 - 11:36 | 1121527 nobusiness
nobusiness's picture

Don't worry, expectations were for 25 Billion Euros

Thu, 03/31/2011 - 11:34 | 1121529 John Bull
John Bull's picture

EUR/USD unch. Incredible... 

Thu, 03/31/2011 - 11:39 | 1121564 Id fight Gandhi
Id fight Gandhi's picture

Race to the bottom. Dollars just as shite as euros.

Thu, 03/31/2011 - 11:47 | 1121604 vas deferens
vas deferens's picture

No, Dollars are worse.

 

Thu, 03/31/2011 - 12:45 | 1121787 Mr Lennon Hendrix
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This is a logical fallacy.  Both are not viable means of exchange, if the fact that they are not actual stores of wealth is taken into account, which it should be.

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