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...aaaaand US stocks yawn.
Windows to be dressed today.
investing has become a matter of getting yourself on the ship that sinks the slowest.
paradoxically, the safest ship is the the ship made out of gold.
Gold is not a ship. It is a geologically stable island.
Silver is an island being wracked by volcanic eruptions. Dangerous, but expanding fast.
Very nice analogy my friend.
Hahaha good analogy
t...buy the rich man's money and feel the rich man's pain...
Buy the poor man's money and rejoice in the middleman's gain...
Hint: The aggregate wealth of the have nots 95% far outweighs the top 5%...best to have both in your safe...
also, that which the wealthy man stores up for today shall pass unto the crypt of the humble in this manner HENCE
How about "Space Bucks"??
The market is a whore. She loves everybody "long" time, until you fall asleep, she then will steal your laptop and wallet and be gone. You will be left with nothing but guilt and lipstick marks on your shirt.
IRISH REGULATOR SAYS FOUR BANKS NEED EU24 BLN MORE CAPITAL...
Your entire GDP is $200 billion, more or less. That's about €142 billion Euros, which means that the banks "need" about seventeen percent of GDP infused into them in new capital...>
do not worry! The EU has a 'Rettungsschirm', literally 'rescuing umbrella', means EU's promise to print billions and trillions to buy treasury bonds of insolvent nations. There are two german words which cause me PHYSICAL PAIN: 1-Rettungsschirm, 2-Friedensprozess (endeavour to create peace btw. Israel and Palestine/Arab neighbours). Both words serve to tranquilize the population, in both cases those who utter the words do not exactly know what it means, and both words' objects are totally futile.
Don't forget tomorrow is first day of the month so stocks must go up, they do every 1st day of the month! except for this month ;)
its amazing how resilient stocks are
Rising stocks are a reflection of the Fed pumping money into the sytem.
Nothing matters. Best first quarter of year in a decade.
Japan about to melt to the sea too.
so not priced in then??? then why did the euro rally?
The Euro rallied because the Eurostat 'Flash' CPI metric came in much higher than expected - the conventional idea is that if inflation is running at 2.6% then there should be a consummate increase in interest rates to offset this effect - this increase in interest rates push the Euro higher for a series of macroeconomic reasons under conventional models however, this assumes that Central Banks want to ensure their currency is a good store of value, however, in this day & age that is merely a tradition -
that news came out at 9 am gmt....
America yawns because Ireland is not a risk to the on going bull market. If the roles were reversed the entire Irish economy would be in the toilet now. A scenario that may not be too far away!
Why is the market higher?
What would Bernie Madoff Do?
Find a greater fool...
Call the brokers to see if more money could be scraped together to keep the ponsi going for another day.
Everyone's frontrunning the huge Q2 mutual fund inflows. 1st day of the quarter, you know. The market isn't allowed to go down on the 1st day of the quarter. Ever.
Russell keeps heading north . trade buying US stock selling Japanese ? Someone some where must have dropped a fortune in the Jap market any names coming out ? Rumour of a UK bank ?
Yeah, the Japanese Gv't, a whisker away from ONE TRILLION>
We have been drip fed the bad news like morphine by our governments over the past three years . By the time TSHTF we will be so comatosed we wont feel a thing. Great strategy EH?
You don't want to scare the frog...
HSBC would be the obvious candidate. But heard they have had no problem raising money of late.
Ireland's fucking tiny. What the fuck is the big deal? Fuck this stupid news. News doesn't even fucking matter anyways. We could have 100 nukes go off in the middle east and the DOW would take the fuck off because... why the hell not? It did last time. Clearly equities are bi-winning.
So, does anyone know where the 70 bn in assets to be sold by the Irish banks will come from
take a wild guess.
Ireland might be tiny,
but the billions of Euros in bail-out ain't no chicken-feed.
Angela Merkel gets a bit nervous giving out billions free German taxpayer funds
to tiny countries like Ireland,who still want to keep their corporate tax rate at 12% and soak up the bail-out that goes straight into the pockets of companies like Google or Apple in Ireland,in return of record low corporate tax-haven rates.
and what do German taxpayers get in return ?
Another request from Portugal, Spain, Greece etc.
there are 500 billion People in the Euro-Zone and that is not tiny.
After all,we can't all be printing QE - USD and export Inflation
to the rest of the world, or should we ?
Define 'give out' and 'free'.
Here's a hidden extra goodie: note that the stress tests didn't cover Anglo Irish Bank or Irish Nationwide, both already out of business. The good news is that they thus have no regulatory capital requirements any more. The bad news is that any taxpayer money to bail out senior bondholders in those institutions will be additional to the €24 extra going to recapitalise the four still-living banks.
Oh, and then there's NAMA.
Market thought Irish stress test was Glenlivet vs Glenfiddich or some such thing
Throw some Bama Bucks at it, even though we will all wipe our fucking arses with them very soon!
/ES and /ZB
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