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Spain Bailout Lite Rumor Rejected
First the Greek Troika fiasco, and now the only reason stocks had to ramp today, just got rejected:
- SENIOR GERMAN LAWMAKER SAYS MEDIA REPORT ON SPAIN APPLYING FOR PRECAUTIONARY CREDIT LINE "OVER-INTERPRETED" HIS COMMENTS
- SENIOR GERMAN LAWMAKER SAYS WAS NOT REFERRING TO SPAIN IN HIS COMMENTS TO BLOOMBERG
Watch Simon Potter the market completely ignore this rejection of the catalyst for today's spike and continue levtiating higher as Liberty 33 continues doing what it does best: expanding credit multiples, even as it destroys cash flows.
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ES ramp-o-thon objective accomplished...wash, rinse, repeat. yawn...
Spain is demanding the same deal Greece is getting......or it's no go Amigos.
>> SENIOR GERMAN LAWMAKER SAYS COMMENT THAT "SPAIN IS TOTALLY FUCKED" IS BEING OVER-INTERPRETED AND DOES NOT REFER TO SPAIN.
"senior" German lawmaker
Not even Merkel, Schäuble or Weidmann are being trodded out to comment anymore.
>> REDBULL TO SPONSOR SPAIN'S RECORD-BREAKING PLUNGE INTO INSOLVENCY
LOL! Its like The Onion is writing headlines and lead stories for the wire services.
And the Greeks got such a great deal of course! STFU...let Reggie Speak...even though he's totally wrong too.
It seems very clear that Spain will try to postpone their rescue. They are trying to get more benefits from the rest of Europe. That, also, would allow the Spanish government, calm down within that country. However, it seems improbable that need rescuing. It is only a matter of time.
Welcome to Levitation Nation. The stock market is now a rave.
Odd that CNBS hasn't reported it between their 1000% "Pandit is Out at Citi" and "Goldman is God" reporting
Spain wants the ECB to guarantee that it will maintain a 200 point spread between Spanish and German debt:
http://dareconomics.wordpress.com/2012/10/16/spain-doubletalks-to-domest...
Click through my blog for the relevant El Pais article (in english). For some reason, this is not being reported in the international media just domestically.
CasinAAPL is doing it good
They just need any guise for ramps. We'll see banksters skew the muppets yet again.
Then realease some more rumors - then skew the muppets again. Ahh those muppets love getting skewed.
Hmmm, conflicting "information" coming out of the EU? Pull the other one.
pods
Why do people assume (in a centrally controlled propaganda market) what goes up must come down? Open yourself to gravitationally unrestrained options.
Imagine a world with fewer assets and more money. Imagine leverage leveraging more leverage. Imagine capital-less deriviatives in place of capital. Imagine a world where risk is risk-less. Imagine you are playing Monopoly but the banker can take more money from "the bank" whenever. Now open your eyes and it's all true....and so muc h more.
Global apocalypse, global depression, yours and my families on the verge of starvation and the S&P up 2% the day you're making the difficult decision of selling one of your children into slavery so you can feed the rest.
We are back to the daily rumor again, eh? Daytraders should have this schtick down by now.
Yes, we have successfully used the ramped up the rumor. Go get the BMX please.
Before any Spanih auction the guys need to get a better rate so the send a rumor the night befor, get a good auction and in the afternoon after the Puppet market open and go skyrocket the rejecte it , but at that time who cares, it Potter time.
Where can I get Over-Interpreted for Dummies? Or is it a Rosetta Stone?
So let me get this straight: Spain is BROKE and MIGHT require a massive taxpayer-funded bailout which it can never hope to repay, and THIS is what causes the markets to soar?? THIS is "good news"?
Un. Fucking. Believable.
Yup.
DavidC
Where have you been the last 2 years?
To quote Jules of Pulp Fiction fame:
"This seems to be the situation."
We need The Wolf. He solves problems
Welcome to the BULLSHIT market W00d.....the home where bad news is good.....good news is good....no news is good....in other words...go long......trail the stops.....in and out daily.....buy the fucking dips....sell the rips.....ignore any bearish charts....ignore the short strategies all-together.....
It is unbe-fucking-lievable.
I THINK the twisted, sick, f'd up "logic" goes something like this:
1. Spain has been lent way too much money that will never be repaid by corrupt money lenders.
2. Germany has wealth.
3. If German wealth is stolen to pay off bankers bad debts, then corrupt money lenders can party-on.
Much the same logic applies to all countries all over the world.
CNBC told me the market is up because of fantastic earnings and that the banks are doing far better than anyone thought.
That swan dive the Euro took a few weeks ago right before the end of earnings season may have had something to do with Coke's numbers.
DEAD CAT BOUNCE
spx now @ 1452....WHEN @ 1429 last week i said: "possible dead cat bounce next week (this week but that's all"
was planning to short @ 1450...well now its "better than expected" @ 1452 !!!!
http://www.zerohedge.com/news/2012-10-13/forget-666-808-number-markets-beast?page=2#comment-2886285
Just switched another 1000 shares of my SH to SPXU, sigh. Hopefully, the big correction is just around the corner...
You hyper active freaks need to take a deep breath before ranting and raving like a bunch of lunatics. SCHISM is the term...and if you don't think this can lead to war in Europe think again. THAT'S why equities HAVE BEEN rallying...for THREE straight years. Go ahead...ignore the productive capacity of the US economy all you want. Obviously there is nothing "made in the USA" that anyone wants, needs or desires...
the only thing the US produces these days is Treasuries
Italy equities rallied 1% in 20 minutes when Michael Meister (the German polician) said he was not talking about Spain at all. I guess some folks must have thought he was talking about Italy in that case.