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Europe Is Fixed?
Italy's FTSEMIB is up 5% this week, Spain's IBEX +3%, Portuguese government bond spreads are 82bps lower, and EURUSD is 1.25% higher this week - all biggest bull moves in 6 weeks. It would appear that all is well and Europe is saved - who knew? Credit markets are running tighter in a hurry with subordinated financials and XOver leading the way (as uber-high-beta bets are on) and all European financial and corporate credit indices at post-roll tights (lowest risk in 3 weeks). FYI - European bank senior and subordinated credit risk is now at its lowest in a year - and almost 40% lower than its post-LTRO (remember the encumbrance and deposit outflows) highs. EURUSD is close to multi-year highs relative to swap-spreads - but Europe is fixed so that's ok (especially with Merkel popping over to Athens?). One last thing - the majority of all this strength occurred today.
EURUSD is 1.5 sigma rich to swap-spread fair-value as it soars this week...
European stocks surge on the week - though most was today (post-Merkel news)...
and European sovereign bond spreads plunged also...
and just for good measure - Europe's VIX is tracking closely its realized vol...
Charts: Bloomberg
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Everythings 'fixed'.
Oh, that fixed
Yeah - the US unemployment number kind of "fixed". How do you just "find" 823,000 jobs that you didn't know people had??
My cat is fixed too!
Mrs Cog fixed me as well.
Are you really fixed if you won't even eat sprouts Cog? I don't think she thinks you are all fixed. lol
Your former engineer father is now flipping burgers...all good.
Oh, the timing? Yes, perfect isn't it?
http://www.planbeconomics.com/wp-admin/post.php?post=17734&action=edit&m...
if EWI (MSCI Italy) breaks out above 13.50 and holds, i will buy it hand over fist. super cheap
I told Mrs Cog "Beat me, hurt me, fix me real good. Just don't make me eat sprouts."
So far she has respected my wishes. I suspect that won't last long. :)
<Yes Dear, coming now. I was just talking to some nice lady on Zero Hedge who also hates sprouts.>
Fixed? Fixed?
Why would anybody ever have assumed anything in Europe was broken?
(except paul krugman who's long Armstrong Windows)
I didn't know it was broken to begin with
Well as long as they keep those borrowing costs under control they can just keep on borrowing
Heil Obama!
Considering this shithouse storing the western financial system will likely collapse over the next 4 years, should Obama be re-elected so he is sitting in the chair when the shit implodes?
This will end in tears.
TLT time
Watching AAPL at 50DMA through BATS. The bots are defending this Maginot line, but I think unfortunately it is going to break before EOD>
Later postscript: we just broke.
Its all good. Tommy said im alright Spider.. What Tommy?.. Im not alright Spider?
http://www.youtube.com/watch?v=v8wJt59Q6So
It's all fixed........until it isn't.......again.
not completely fixed needs a paint job
Europe is fixed?
It has been fucking fixed since the end of the second world war folk. Fixed in the sense that the populations of Europe, all 500 million of us take a daily dose up the arse.
Fixed as in the banksters have us over a barrel is all.
Gonna be a long cold winter over there, especially when NATO starts bombing Syria and Putin shuts off the gas pipelines...
What!!!! Russia has a gas pipeline!!! Does that affect my fantasy football games.... No, ok then who gives a shit!!!! Not to mention there is a hottie this season on the Voice, and how can a Country be that powerful when I can't even find them on a map, all I see is the soviet union on my maps, and we defeated them in the cold war????
Oh, I gotta go update my Facebook page and check out who's fighting in the next UFC!
Europe fuck Yeah!!Coming again, to save the mother fucking day yeah.
or maybe not.
“What we should grasp, however, from the lessons of European history is that, first, there is nothing necessarily benevolent about programmes of European integration; second, the desire to achieve grand utopian plans often poses a grave threat to freedom; and third, European unity has been tried before, and the outcome was far from happy.”
— Margaret Thatcher,
the lady who created the big bang of the city!
Acts speak louder than words, like her support of Pinochet. She and RR created the shadow banking monsta of today. They were the "catholic kings" of the current ponzi.
Amen to that! Now we have the financial inquisition like the Spanish Inquisition of old!
Oh history...
Gold is tanking, too.
That proves it. Europe is fixed; permanently.
Well, THAT'S a big relief!
Nope...not in South African Rand...up 2% on the day...
Long wildebeest !:O)
Europe is fixed, like neutered? I hope so because they really need to stop fucking things over there.
no "Viagrad!"
Who provided the blue pills???
since yesterday!!!
Could it be super MArio or....was it Mutti Merkel herself!!
Gedads!
The USofA will lead the world out of recession, once again!
Thanks 'merka!
USA...USA..USA!!!
sarc/off
I hadn't even opened this thread, and was thinking how a Vet 'fixes' male dogs..
Yup...