So Much For That "Market Calming" Portugal Bailout

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Thu, 04/07/2011 - 09:05 | 1144785 slow_roast
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Spread your legs bitchez!

Thu, 04/07/2011 - 09:09 | 1144795 i-dog
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Thu, 04/07/2011 - 09:09 | 1144796 tomster0126
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take it easy, it's not going to happen overnight.  it will calm down soon, but it's a given that some more European nations are going to be joining Portugal in the sketchy zone here.

Thu, 04/07/2011 - 09:15 | 1144822 SheepDog-One
SheepDog-One's picture

Simmer down now! Yes, while it may be true the world is bankrupt and only running by printing massive mountains of new worthless money daily to paper over the underlying devastation, Im sure the PHD satans got it all under control. Bullish!

Thu, 04/07/2011 - 10:17 | 1144984 i-dog
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Be patient! Their endgame is on a timetable to the end of next year. They don't want it all to crash too soon! -- they still have to get all the plantation, errrr ... border, gates ready for closure. And there are still plenty more to get onto food stamps so that they can control who gets to eat after that.

Of course, unintended consequences (ie. us doing something about it) could still upset their timetable to either side of their hoped-for "auspicious" timing.

Thu, 04/07/2011 - 09:09 | 1144802 SheepDog-One
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Aw thats a shame.

Thu, 04/07/2011 - 09:12 | 1144815 Popo
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The biggest headfake of the year is the declining yen.   If the yen is chronically ill, the Euro has late-stage leprosy and needs necrotic body-parts removed.

Thu, 04/07/2011 - 09:16 | 1144834 SheepDog-One
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The whole world is one big headfake. Reshuffle the data daily to slightly better than someone expected, repeat. Nevermind Japan is destroyed, wars and uprisings sweep the mid east and everyone knows we aint seen nothin compared to whats next, but for today, bubble stocks are AOK.

Thu, 04/07/2011 - 09:15 | 1144828 firstdivision
firstdivision's picture

With the lack of protests lately in Greece, me thinks rates will fall as complacency takes root. 

Thu, 04/07/2011 - 09:21 | 1144837 SheepDog-One
SheepDog-One's picture

Probly rates will fall to -0-, like economic recovery shining gem USA. Living out on the streets and having no money or food does lend to strong complacency. All that matters is green coloration of futures, party on bankrupt insane world.

Thu, 04/07/2011 - 09:31 | 1144857 Josh Randall
Josh Randall's picture

Germany and China are paying for it, so why not order the surf and turf as many times as you like ?

Thu, 04/07/2011 - 10:36 | 1145067 Urban Redneck
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Only if the surf was sealed in can over a month ago.

Thu, 04/07/2011 - 09:37 | 1144865 Sudden Debt
Sudden Debt's picture

Now that this is over,

we need another natural disaster to take away the attention.

Rumor: NDM-1 super bug found in 70 cases in England after showing up in 51 water-wells in India.

In short: A super bug kills ya. No threatment whatsoever.

Thu, 04/07/2011 - 09:41 | 1144867 SheepDog-One
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No threatment, is that a Freudian slip?

Thu, 04/07/2011 - 09:56 | 1144910 falak pema
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its like belgian gets grilled in oil twice...but it isn't used for friendly love baiting...unless the lady needs oiling badly. Then you have to go w-hole hogging. Now that is... a putt to close the call...down a water fall...AM I Freudian enuff in my drool, coming fast off the spool...? It is Augusta time!

Thu, 04/07/2011 - 10:25 | 1145021 1fortheroad
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Got silver, make colloidal silver. Works for me.

Thu, 04/07/2011 - 10:11 | 1144962 virgilcaine
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contagion me bitchez..

Thu, 04/07/2011 - 10:21 | 1144963 virgilcaine
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Could the end of the 30 yr Bull Mkt in Bonds be near ?  Think of all the lil Black cygnets that are hatching. I speak of the Long Govt Bond and my main thesis for Dow 8k in 2011.

Thu, 04/07/2011 - 10:29 | 1145037 Curtis LeMay
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Anyone know who bought Spain's bonds this AM? Rumors are rampant that it was Spanish banks, pension funds and their Social Security Fund which has increased its Spanish "assets" (bonds) from 50% to 90% in the past 18 months.

The thoughts are that Spain's government twisted the arms of overwhelmingly Spanish investors to buy up the bonds.

Any info would be much appreciated, and let's face it, no one can believe press releases from the Brussels Politburo or euro governments when it comes to the euro anymore.


Thu, 04/07/2011 - 11:28 | 1145411 Cynthia
Cynthia's picture

Unless the people of Portugal are looking forward to becoming debt slaves to the banks for many decades to come, as has happened to the people of Ireland, it would be wise of them to do what the people of Iceland did, which is to tell the banks to get themselves out of debt without any help from the Portuguese government and the Portuguese taxpayers. If the people of Portugal want to maintain a decent standard of living for themselves by continuing to have decent schools and hospitals and other such things that are too priceless to put a price tag on, they'll choose to save their public assets over saving the zombie banks.

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