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But Stock markets up....
This is "just incredible"
Today we do the magical levitate to max pain and then flatline.....OPEX magic!
Followed by monday market drop as the air is let out of the bag.
Certainly no pressing need for a QE3 at all, markets up near all time highs...I dont see what everyones clamoring about more free money to pump stocks for.
But Stock markets up....
This is so that criminal syndicate Wall Street misallocators of capital can sell their dumbass upside calls [to who I am not sure] to create the necessary liquidity to buy downside puts on Monday. It's called "investing" and you should be embracing the wonderful "buying opportunity" because "valuations on equities are historically cheap" and "channel checks indicate upside earnings surprises."
**oh...and never mind this: http://ca.news.yahoo.com/imf-cuts-u-growth-forecast-warns-crisis-130529571.html **
'Channel checks'...what did CNBC do flip over to Bloomberg to see what theyre sayin?
what did CNBC do
what did CNBC do
Not sure, but clearly they did not listen to the IMF. That, like all other reality based news, is not as important as lingo, misallocation, crime waves, or shopping stories.
All just pure fantasy, as the 'news anchors' sit high in the clouds above it all with their huge salaries which are safe as long as they continue to read the script handed to them, with the proper over exhuberance of course. As Rome burns.
Let's not forget those stalwarts of investigative journalism; the Press Gallery. How entranced must one be, to be hand-fed pap on a daily basis, text it to your editor and still feel you are doing a standup job. How the hell will there ever be a chance of another Watergate, when the Rolling Stone Mag and the Comedy Club (?) are the only outlets with respected insights?
Which channel did they check? MSNBC?
If there was ever a bubble it would have to be the stock market. I mean without even looking at any of the detail (which seems to only confirm it) its obvious that stocks are priced because its assumed stocks go up. Just like houses. Can't wait for this pimple to burst.
Stocks will continue to rise until the last man is no longer bearish. It's in the algos.. zap all short stops earn free money.
I believe theyre just waiting for the right events to be in place to seize $4 trillion worth of 401K's and pensions. Only thing that makes any sense.
They certainly didnt pump all this crap up to ensure mom and pops comfortable golden years at The Villages retirement resort.
Buy the RIMM job.
The market has known for over a year that Greece would sertainly default. I think what is more likely is that markets are realizing that the uptick in GDP-figures all around the world are artificial and not sustainable...
I have been hearing about all of this Greece nonsense for three years now. Sarkozy says he is working on a deal for Greece and the lemmings pump the futures because all is saved.
When will this crap end? No one knows. I was horrified at myself this morning as I thought Harry Wanger may be right...with China buying Euro debt and the Fed /ECB printing money they can keep this lie going for another 20 years. (Sigh)
markets are up on merkel comments confirming what a joke the markets have become that are now totally dependant on politician /central banker intervention rather than anything to do with the economy.
they will try to keep the lie going but id give them weeks or months, not years.
They will not be able to tapdance until September, no.
I agree. I look at these markets and I cannot think of who would want to trade them. The whole place looks rickety. Even if the market goes your direction be it up or down its sort of schitso I don't even trust it when it goes my way... that has to ultimately mean FEAR and fear means DOWN (mabey, lol)
Markets are up b/c the market makers are a cartel and having panicked everyone into short positions they can simply draw it up a bit into options expiration. Max profits 101.
The real direction will resume on Monday.
They will then own puts and be shorting heavily.
100% profitable trading days for Q2: JPM, GS, MS, BAC ...
Monopoly. Cartel. Treason.
All sponsored by a Congressman near you.
Yea but 'keep it going' is clearly not the plan in this pump and dump. One morning soon it will all just be gone, and the 401K bathrobe brigades will be listening to Bernank telling them 'All your pensions and retirement funds are belong to us'.
Lame AUD says it cant hold together much longer.
Cannot let the day to day juggling by the banksters and politicians change your position. Now, dollar down, by lunch time might be higher. Broken markets cannot be timed perfectly every day.
This is my simple solution for Greece. Sell forward 1 tril. Eur against the CHF, 6 month contract right now...Default & then become the masters of Europe....
you skipped a step, buy gold then default.
Yes, sweet. Take the 200 bil chf on reaching parity but
also today sell fwd 200 bil chf against deliverable gold,
same expiry date. Scatter, you wanna work at a PD with me?
In the meantime, i´m bankrupting my swiss banks because of my fx swaps.
All greeks who have money in a deposit account in a greek bank should withdraw the Euros and open a new account in germany or other more stable Euro economy. In the event of a defualt and kick from the EU, the cash euros will be stronger than the new greek currency.
quite some exposure of swiss banks to mortgages in hungary.
all fiat currencies will end up sour in the next financial shake out.
Worse still, the loans are CHF-denominated, so if the Swiss Franc holds its water (or at least is less ugly than the other girls), those Hunkies will be SOL.
Just dump it on those bog Irish tax payers. They seem to love the fucking they are getting from their latest rendition of a political messiah. Fucken Judas.
There's a guy called Tom Brown, CEO of Second Curve Capital just been on Bloomberg.
What a total fucking asshole. Talked such a load of bollocks about banks it was literally hard to believe. He must know he was just spinning a load of lies.
I wonder, how do people like that sleep at night, duping investors to make a living?
Having no conscience helps I am sure.
And the dopes from Bloomberg (Betty Boo, Dom Choo, and their economics guy) just let him have his say, and when they did challenge him (weakly) he just disagreed and cracked on with more bullshit spewing.
I live in the UK, but if I lived in the US, be nice to find out where guys like this live, and go have a meeting with him...
I dont mean to slander the mentally disabled but they are all sociopaths and psychopaths. I read some numbers where CEO's are 4 times more likely to be psycopaths than the average citizens. I'd put this number much higher as their psychopathic behavior is prevalant, and even encouraged.
Empty Greek banks, bankrupt entities and governments:
The whole system rests on keeping up appearances. It's a talent, you know.
To me it is like they brought it all to a planned collapse, but now have cold feet. Maybe they dont see such a good outcome of their masterplan to pull everything down and bring it up in this great 'new world order' where the bankster overlords rule supreme and unquestioned in front of billions of willing slave servants?
That would presume that they're all that smart, all that unified and efficient. And that they trust one another (big and). Even the smartest crooks fall victim to their own greed and paranoia about their fellow crooks.
OK, so what then was the reason for all the monetization, just to make things 'look good'?
Not many question WHY they'd monetize $27 trillion to pump up markets, I dont think it was for the entertainment of day traders. I believe their end game is stealing $4 trillion worth of retirements and pensions to put on their 'balance sheets'.
the great work of the ages in is endgame. do or die now for them. most will never believe it, but this goes back before recorded history. the story is written in symbols all around us, but most sleepwalk right past them. money and economic collapse are just the means to an end, the end is power. those seeking to consolidate power are luciferians, have been for a long time. hidden in plain view, and not idiot kids playing death metal music in their basements.
Ah yes.. the "masterplan" theory. Supposedly drawn up in that "Devils Island Meeting". I don't know if this all is a cumulation of the careful preparation or just a recent cunning plan. I think it doesn't matter.
What worked flawlessly in the US of A, is going pearshaped in Europe. They thought they had it all set up: Divided political parties, Governments and Central Banks that went along, savers not alarmed because of the strong euro, and the ECB more concerned with the fate of "Europa" to care much about some civilian inconvenience. IF they'd even find out because the main stream media here are not covering this, or the french protest, or the spanish.. (or anything except meaningless crap) Moreover, they pulled the same trick last summer.. Perfect setup.
But now, push does come to shove, and instead of a foot in the door with a Greek bailout, not a greek or german regular person that actually wants this to happen. Oh we have to "help the greek" our government is saying (Minister De Jager). Now what would you know... It seems the ordinairy greek people don't want this at all. So what are these politicians blabbing about? Perhapse they have some higher knowledge of the "greek psyche" and we must interpret the molotov cocktails thrown as a cry for "help"? Yes that would make sense: Each protest march is really an encouragement to pledge eeh how much.. 1,5 trillion euro to the ECB to provide "liquidity". 1,5 trillion will dry up in the hot mediterranean sun, like spilled wine.
If they push this through, this summer, early august, there will be bad blood, between the savers and their banks. I think it could mean another "run on gold" like we had in 2010. It would be the logical thing to do, because throwing another 150 billion euro in that hole wouldn't be "tightening", now would it?
And they did two bank tests. They waved away protests that those weren't really enough, saying there was no danger. So.... in the straightforward mind of the dutch, german and swiss businessmind, they're on their own. Not one cent more from this direction. Or the government gets it. (parliamentary crisis ahoy!)
First people will squirrel away their savings. But they wont stop there.If the ECB keeps pumping Greek banks wait till banksters and insiders give themselves generous loans (promptly discounted in the ECB)...and then keep the funds abroad.In effect, a cheap option on an euro exit (because in this case euro loans would be repaid in drachmas, at great discount AND profit).
Sorry guys I just woke up. Who the hell is buying all of Euro and Greek bonds today?
ECB proper balance sheet
Yeh Tyler, Here in Hungary we really have a big issue with this CHF strength :-(
In fact, about 80% of all loans ( Mortgages, personal loans and car loans ) are denominated in Swiss Franc. And as far as I know, Hungary borrowed about 10% of all Swiss Franc in the world!. Quite astonishing amount. Now the local governement is giving the civilians the possibility to fix the rate for 1:180. 1 CHF for 180. Currently it is like 220.
And most people got their loans between the 1:140 and 1:180. I'm not going to fix the rate trough the governement because I don't trust this setup and affraid of losing my GF's house to the governement. I rather open spot FX or Futures in the opposite direction for hedging. If anybody knows how this hedging works or know a link how to calculate it please let me know.
try Saxobank in Switzerland www.saxobank.ch
Stable trading platform on many operating systems. You can enter any amounts with an endless choice of currencies.
We know here that this is the bubble to and all and when I say end all I mean civilized life in most of the developed world for about 5 years. They have reached a point where so much political manure, lying, market rigging, coordinated planning and fraud accounting plus printed trillion and free money along with austerity and theft of savers and middle class is needed on a daily basis just to stay afloat.
With all this and the media telling us how great our kings policies are we are still seeing falling markets and home prices along with job loss.
How do they all think this will end? More like the beginning of the greatest world war in history.
hyperinflation then war...I've been calling it a long time now. So bring it on!
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