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Why does anyone still listen to Moody's?
not really, expect a retrace within the hour.
Il Cavaliere ain't gonna take this shit.
He'll pull out of the NATO criminal adventure in Libya.
He would if he weren't so very dependent on Libya's lovely light sweet crude.
"Euro slides" ... reckless exageration
up 210 pips from the low and retraces 35 pips on the news, that's not a slide, barely a hiccup
Moodys Fitch and s and p just got sued by Uncle, they just got religion when the writ dropped last week.
If even Moody's recognizes the need for a downgrade, then aren't things actually way worse than we think?
Pay no attention to the time bomb in the corner...the one that just stopped ticking. Everything is fine. Greece is fixed. Didn't you hear. All better now. Serious "upside earnings revisions" coming for Greek banks. Go all in on Greek debt and Greek banks. You won't regret it.
And think of the retail sales potential in that country once the people stop throwing jars of gasoline at the cops. I mean talk about your revenue beat!
@ hugh g.....and economists and bank analysts and politicians and imf officials and world bank officials and msm and.....?
China is not happy
I'm sure their fortune cookie told them that this was coming.
***Breaking News Alert***
***This Has Been A Breaking News Alert***
I've had a lousy day. Reading this, I feel much better.
Market is trying to ignore this story, might see some major selling in the final stretch.
Market has forgotten what it is like to be a market and is confused...but ahhhhh, not to worry, Monday is double heroine mainlining, I mean double POMO...alas, pick your squiggle in the chart and go long w/ the sure knowledge you can sell it all at a profit come Monday, Monday, Monday.
Still a little concerned bout what happens when there isn't that security blanket on the other side of the weekend...Sinclair's 4000 point drop would sound about right.
In another controversial ruling, Moody's states earth is not the center of the solar system and it is likely round. Thanks for remaining well ahead of the curve there Moody's.
Moody's breaking news: Sky is blue.
Looks like the corrupt regime is trying to get another plant in place-- Portugal finance minister Vitor Gaspar-- on the wires.
Worked as special adviser to Bank of Portugal and research at ECB.
They're digging into stem the contagion, but will fail imo.
This time it really is different.
There is no way to reverse all this mess... therefore, save time and volatility, just downgrade the whole world to junk status in one go...
... then the only way is up.
It's not like the world owes all this money to aliens.
We could all just agree to go back to zero. Yeah, right.
WWIII should be quite an event.
hft algos are getting hungry for more fresh shorts to devour.
Like a rash of falling knives. One trader term that one could reflect on right now is "get out of the way".
I'm doing my part to support Italy's economy by buying/consuming large quantities of Italian red wine.
Can't wait for the Euro to really shit the bed.
I'll be able to afford to drink Barolo or Brunello every night!
Oh noez! 'Greece fixed', well not really but whatever, good enough for the algo's....now its on to ITALY'S troubles!
Too bad Moody's and S&P both totaly missed warning of the complete melt down in 2008....but who coulda seen THAT coming? Easier to just warn of Greek and Italian banks.
Greece is fixed! Greece is not fixed!! Greece is fixed!
Fuck me Dog. Oh look...a unicorn that "nobody saw coming". I'm going over there to mount it now....
Nobody saw it comin! Yowza!
Now that's a spicy meatball!
Mario and Luigi are our only hope now!
Omnia mutantur, nihil interit
The promise given was a necessity of the past, the word broken is a necessity of the present.
Here's the problem with fiscal plans for every country that has a corrupt regime at the helm that serve only the insolvent financial system: you can't strip economic opportunity and individual rights from the people and expect them to take more cuts to what the governments owe them-- this is why policymakers should have focused on fixing the real economy instead of funneling everything to the insolvent financial institutions-- it doesn't work-- not even in a pyramid scheme does that work as you can't build a pyramid on the broken backs of the peasantry--it's unstable.
Half an hour before the end of the week? Smells like a bear trap to me - there'll be some positive bullshit news out of Greece over the weekend and futures will open Sunday night 0.5% higher...
Or 1.5% lower. STEP RIGHT UP, ladies and gentlemen! Place ya BETS!
Possibly, but does it matter what they come out with on SUN? It's a plan, much like last year they had a plan, and much like last year have failed to implement it successfully.
The market may not price this reality in because it's run by the same insolvent financial institutions that need Greece (now Italy and soon to be the rest of EU) to take on more debt to keep the farce running.
2012 will see the same tough rhetoric out of the troika on how Greece needs to make severe cuts in order to serve their banking masters and it will be near impossible to implement such a plan as people will just say 'fuck off EU and your banking masters' and strike-- strikes and discontent to where a country is paralyzed by resentment is far worse than deflation-- that kind of shit topples regimes.
Is this some kind of retaliation against the Italian people who voted overwhelmingly to phase out nuclear energy?
in what world 51% of voters is overwhelmingly anything? (94% of 55% or whatever)
It's probably not relevant at all. It's not as if that many people could give a rat's ass about Italy anyway. Besides, most of us will be dead within the next six months.
awesome, sell long term vol then
It's not just Italy. If Unicredit gets dragged into this, and I don't see why not, things may get really nasty.
The report from Socgen is pretty old. Just saying.
If stocks are 100% correlated to the EUR than I am assured I am more than content being short because this is all going to end in tears.
At least Italy isn't being investigated by the porn-watching SEC.
Dow just shot up 40 points in 3 minutes..haha
It must be that compression. Yea, Thats it.
They brought out the heavy guns today. So exciting to watch!
Don't get too distracted crossing the street. My condolences.
Greece is the appetizer. Many courses to come. Italy won't even be the main course when all is said and done. Save room for desert.
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