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Because AAPL was not enough, Grexit is now back and fully frontal:
- EU MINISTERS TO DELAY GREEK AID CALL FOR WEEKS, OFFICIAL SAYS
And dump. Funny how all the horrible news are hitting after the election.
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Almost like it was coordinated that way. Hhhhmmmmm.......
Yes, quite the coincidence, I am sure that means nothing...
QEcstacy set up play, more at QExcrement.
I hate the thought, but if QEinfinity is here, then all that money has to go somewhere, so wouldn't the stock market go up - a lot - in nominal dollars regardless of the economy - kind of like it has already been doing?
Also, it seems like most of those QE type dollars are not getting into the prices of consumer goods yet, which would make gains in the stock market even more profitable if they could then be pulled out and used to buy stuff that hasn't inflated as much as the market - yet.
QE half-life shorter each time. Markets catching on. Thin air fiat doesn't produce tangible supply and creates more unemployment, esp given ZIRP. It's Japan for 20 years or crash.
The Europeans favored Obama, and were not about to pull the rug out from under him.
Anyone who doesn't see this as more than a mere coincidence is supremely naive. Many critical dates for voting and such regarding Greece and the other PIIGS were delayed until conspicuously after November 6th.
It's all part of the rigged game (that Republicans, owned by the same entities & people that own that other allegedly different party, the Democrats, also go along with).
The fiscal cliff will get solved one way or another (the massively subsidized and actual owners of U.S. politicians, being the Financial-Defense complex, will see to that), but the EU crisis won't, even if Germans literally quietly accept a radical debasement of their living standards, in a futile attempt to bail out the insolvent EU co-members on anything approaching a "sustainable" basis. There's not enough aggregate blood in Germany to bail out the PIIGS, let alone the PIIGS+France, and there will be a major conflict between an industrial-manufacturing fueled Germany & a fractional reserve banking ponzi scheme-fueled U.K. that will boil over into critical mass at any rate.
The only way the EU crisis can be resolved is if significant haircuts on EU member state sovereign bonds are crammed down the throats of holders of those instruments (think about the knock-on effects that would cause given the leverage and the complicated structure and interwovenness of global credit/CDS/debt markets), and even then, it may not be enough (since those same states need massive infusions of new credit/capital).
Nobody could have seen this coming...Nobody!
More like uncoordinated that way. As said here "Europe would be saved once Barack Obama was reelected." So much for that idea. Now say hello to your Friendly Prussian Banker EZ.
Everything is coming up dirt right after the election. This is going to get interesting.
"Funny how all the horrible news are hitting after the election."
Yeah, just hi-larious.
It's all good..
just as long as the price of gas stays down.
+ $0.19-0.26 overnight in Minneapolis. Only 6-8%...
I guess they realize that throwing money down a fiscal black hole IS pointless. Do nothing, Greece defaults, and we see if their "firewalls" actually will work.
Grexit for Christmas, thanks EU.
One can only hope that the Greeks walk away from the table for good now. After they voted in favor of more austerity yesterday. Probably risking their lives in the process, the EU puts their issue on ice again.
If the Greeks don't walk now, I've lost all respect for them. Only moochers and parasites take it up the ass forever and say thank you for the warm words and the promise of a future payment.
No different than any other socialist regime in the history of mankind.
You mean everything is not rainbows and unicorns in the world? Why just three days ago we were discussing whether or not the fed should raise rates to slow this roaring economy.
When do we all get our new Bama Fones anyway?
We kept him in president you know.
I'm out of the loop - did the original Obama Phone Lady (I just watched the video for the first time) actually get a phone somehow? And she believed Obama procurred it for her? Hmmm.
The markets will probably catch a bid after the London close. The Brits have been in the mode of "misery loves company" for several days.
:D
Why would you say this. You know perfectly well HFT is 80% of trading. They "catch bids" several thousand times per second.
Greece has always been the focal point. It's not going to change. The EU leaders cannot go to their populace and tell them "that money we loaned Greece isn't going to be repaid". They will be removed from office.
Perhaps the silliest part of that this week was the faux drama over the Greek Parliament vote. Greece sat down and had a discussion with Greece and agreed that if they just pass that bill, they get a 2 year extension (and note the 2nd year will require more EU money beyond the current awaited tranche). Somehow the media has transformed this into a presumed truth.
The EU hasn't agreed on 2 years no matter what Greece votes.
The British traders have a lot of money leaning on stocks now. They can push the price lower if they want to, as they can make as much on the downside as on the up.
Once the trading desks close, the pressure will be off a bit and it is likely that US long-only players can come in and "pick up bargains."
Hmmm...There are some big players in London, but their number is not great. The cash equities business is a shaddow of its former self and the number of funds winding down to shut up shop for good this christmas is large and will include some suprises. Closures of funds is not just happening due to poor performance, but also because of increasing regulation. Managers who have made a pile over the last decade are thinking it would be more fun to do something else - or just run their own money. Its just not easy any more !
Most of the BIG money managers are long only anyway, so if `London` is pushing equities lower you probably need look no further than GS,JPM,DB,HSBC et al. The volume these days is in the hands of a small group.
You make it sound like some sort of orchestrated conspiracy......
meanwhile the main interest of the financial community is not about GreXit, BriXit or any other eXit but "what does this mean for risk" or, better: RiskOn or RiskOff?
in 2008 gold and oil got positively SLAMMMED as the dollar soared. Clearly this site has been pining for a "re-run ever since." I still believe however it's almost impossible for the dollar to go higher against any currency...least of all gold of course...but we shall see. So many people believe that though and gold stocks have gotten KILLED. I know if i were a holder of said equity i would ask for my dividend in the gold itself actually. Having said that while all the world has "penis envy" for all those big banking towers on Manhattan the USA has a massive number of insurance companies as well...and they are much more in tune with the goings on in business than a bank ever will be. here's a company i love currently getting slammed post election: http://seekingalpha.com/symbol/pru?source=search_general&s=pru good place to get a job too, just watch your back as with any other place. "sharp elbows" as they say. good people to talk to tho if you've got an "enterprising concern."
You're wrong (in my opinion anyway). The US$ is the prettiest girl in the leper colony. I expect the US$ to strengthen against all major currencies in the next year or two.
Great Ron Paul interview on Bloomberg.
Link:
http://www.bloomberg.com/video/ron-paul-on-fiscal-cliff-and-vows-to-comp...
Great interview? That woman is an idiot and Ron, like always RAMBLES and RAMBLES on..... He fucking sold us out. Mr. Im going to the convention! Wait, actually, I was told to go home.... so Im going to go home. But hey, Im back now... listen to me.
No, you had your chance.... shut the fuck up.
But my son is a Senator from Kentucky.
What's yours?
:/
My son? Hes a year old and has more character than Rand ever will... fuck him too. Endorsing Romney, fucking joke.
Yes, I was quite disillusioned with the entire happenstance. I mean, here's Dr. Paul, I guess about a year-and-a-half, two years ago, going to go before the Fed chairman on national TV, in Congress and ream him a good one. Instead, all he did was ramble on incoherently with forty minute questions and then basically dropped out of the presidential campaign.
Next thing you know, Rand Paul is the Senator from Kentucky and Ron Paul just drops off the face of the Earth.
I live in Texas and have people in Kentucky, so it was a real shocker to me. Most shocking is how most ZHers still tout the man as some saviour of sanity, when in fact, he is as big a sell-out as the world as ever seen.
I'm with you on this one. Tying our wagon to this man is going nowhere very fast.
There was horrible news before the election too. It just didn't seem to matter. As a matter of fact, I'm not sure why it suddenly matters now. Oh yeah, because Republicans on Wall Street are throwing a hissy fit and pooping in their diapers.
Better check your figures. The majority of the Wall Streeters are (D) Democrats....
that really doesn't pass the smell test. the bankers made out like bandits under Obama and will continue to do so. sheesh, if you can't see past the red vs blue, there isn't anything relevant you can add to the conversation.
ever stop to think that wall street banksters want more printing? Ben won't do that with 1400/13000.
Now that the US dog and pony show (or was that the Mitt & Barack show, I get them confused) is over for another two or four years depending on whether you think congress can regain any traction with the American voter, it's time for us to turn our attention back to the rest of the planet we're on and realize that while we were preoccupied, the shitstorm was not letting up for anyone else. Oh there was an eye of that hurricane and now we're on the other side where the scores can really change!
"I'll have more flexibility after the election".
And funny how everyone actually BOUGHT the 'Its all for the election' BS and then thought it would carry forward too? Whatever, I dont feel sorry for anybody out there. According to major financial news clowns the blame is to 'angry white men'....I may be angry and white but Im definitely not the one panic dumping stocks out there, or buying em.
"Angry White Men" Need something more specific. Is this a game, like "Angry Birds"? Why can't it be Angry Green Men? Or Happy Yellow Women? Does not compute.
Well, its pretty easy if you just think like a dumb childish financial news media 'anal-cyst' for a minute.....'Black guy won, markets dropping....has to be white guys throwing a tantrum then'.
I find it amusing the spin these idiots come up with. The sheep take it as the word of the creator, whomever that is. Here is the "Angry White Men" story.
2008 43% of whites voted BO (funny, I've never seen him called "Body Odor") but it finally came to mind. lol
2012 39% of whites voted BO.
4% spread. With a +/- statisticle error basis of +/- 2% for each election.
Somehow, I can't correlate the whole "Angry White Men" meme on the data.
Am I wrong?
Black guys trade? LOL
INCOMING ........
So you can't be a lesbian, black or hispanic but you could be gay though in which case you could just act like you're pissed at the world.
Whore houses putting in overtime...or is that putting out? nevermind
actually in and out...in and out...works the best for me
Or never!
As people who live in, you know, REALITY, have been saying all along.
fucking greek people...im sick of hearing about'em...
either storm the parlimeent buildings and drag unto the streets ur banker owned politicians, or
embrace serfdom like good little bitches.....................
And this is what happens when you have a society without GUNS
"Funny how all the horrible news are hitting after the election"...totally planned..you can bet the world wants a weenie USA...Remember the French think they are the Kings of the world....and Russia...China...Iran....Muslim Bros...they all want us to be weak....and we will be....you can bet you life...and some of us will lose them..that they wanted Obama to win....and even donated to his campaign...illegally of course
They all have something in common with el presidente...he wants the nation weak too. I wonder how long before he hands over control of our military to the U.N to satisfy our debt.
I hope you aren't insinuating that the US should continue its policies of imperialism and nation building in order to avoid being seen as a "weenie".
This is aside from the fatty defense to contracts to companies like Northrop to make waste of time projects like Army blimps. http://www.popularmechanics.com/technology/military/planes-uavs/us-armys-new-battle-blimp-takes-flight#slide-1
The Troika report will be out soon, they're still searching for the right kind of teflon book cover, so the Eurocrats and politicians can hide behind it without being hit by flak.
03/01/2012 15:01 -0400 Next Leg Of The Ponzi Revealed - Foreign Central Banks To Begin Buying US Stocks Outright Starting TodayHow 'bout a link, larz?
German Calls for Gold Repatriation Intensify As Fed Refuses to Allow Inspection
Posted on November 8, 2012
Calls for Germany to repatriate its 1,536 tons of gold reserves held at the NY Fed are intensifying as Der Spiegel reports the Federal Reserve has refused to allow German inspectors to even view the country’s massive gold reserves “in the interest of security and of the control process“.
A German politician was just saying last weekend how wonderful the William Dudley was and that they were fine holding their gold at the NY FED.
Simple question. Wo ist das Gold?
There is a shitload of news out of China later . http://www.forexpros.com/economic-calendar/
The markets won't resemble anything that we are seeing today. The calm before the storm Bitchez...
How do you see it playing out, YC? If China comes in weaker than expected, the Aussie will react negatively. What do you think happens in USDJPY?
:D
No Idea what so ever... The usd/jpy should be going up right now. T10s are up 4.2bps?
If the news is bad, yes will be negative for Aussie. I'm just going to hit the buy or sell button after the news prints. The aud/usd is getting pretty hot at these levels and there are lots of real money/exporters offering around 1.05. Some of the news coming out of Aus. lately has been a little fishy.
I know that about the U/J. I don't get it at all. The thing should be blasting off from here but it's just sitting there. Prolly another manipulation scheme going on such that home-gamers have no chance whatsoever.
Best of luck in your trade tonight!
:D
Thanks, you to. :-)
WILE E.COYOTE sell off awaits...
SPX H+S on daily chart continues [very bearish pattern]
SPX also shows probable H+S on weekly chart.
This bearish impending price action will comprise the first installment of the very overdue Wile E. Coyote sell off.
As mentioned, the previous SPX meltup - devoid of healthy retracements - has caused this coming crash.
One can only stretch the bungee cord so far before it reacts...
http://trader618.com
http://www.zerohedge.com/news/2012-12-24/market-analysis
I don't see anything at all close to resembling a head and shoulders ("Mesa," as I call it...) pattern on that chart.
Please explain.
:D
"Funny how all the horrible news are hitting after the election."
I think you mean IS hitting.... come on....
I see we have another dolt who failed grammer 101....
So Greece is REALLY going down this time, eh?
Somehow I doubt it. Probably just been conditioned to believe this by the thousand times the answer has been 'no' right up until it is 'yes'.
Interesting pattern in the weekly VIX but it's probably nothing...
http://fiatflaws.blogspot.com/
All after the election
we need that fix man. Were good for it. come on! we got this man!
Maybe they seasonably adjusted all the bad news until it could be bullishly rehypothicated after the election.