What Happens When A Market Buys First, And Asks Questions Later

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Well that didn't last long did it?


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Mon, 02/25/2013 - 11:43 | 3274012 Edward Fiatski
Edward Fiatski's picture

"U.K. Chancellor Osborne says government will not run away from debt problems, winding down of debts holding back growth."

Yeah, we'll just print away all our troubles.

"U.K. Chancellor Osborne says no excessive volatility in markets today"

Wink-wink, nudge-nudge // short our currency, guys.



Mon, 02/25/2013 - 11:49 | 3274042 Sudden Debt
Sudden Debt's picture

to bad they didn't came up with this great idea a decade ago when economy was actually growing...

Mon, 02/25/2013 - 11:51 | 3274050 Edward Fiatski
Edward Fiatski's picture

At 1.5 the Pound is still massively-fuck-me-in-the-ass overvalued. I hope to see it nearer 1.2 some day. :)

Mon, 02/25/2013 - 11:57 | 3274056 SeverinSlade
SeverinSlade's picture

Why are markets reacting so negatively to the Italian election numbers?  I thought Europe was fixed?  Doesn't Draghi have Italy's back?

Europe becoming unfixed just as sequestration set to hit in the US.  Bad news for anyone listening to CNBS.

Two words Mr. Bernanke.  MOAR QE.

Two more words.  Weimar Republic.

Mon, 02/25/2013 - 11:57 | 3274066 Winston Churchill
Winston Churchill's picture

Tell me about it.

I got crucified years ago,importing in dollars and selling in pounds.

Went from 2.05 to 1.05 to the pound in the space of a year.

Lead time on my stuff was six months landed in the UK.

Mon, 02/25/2013 - 11:52 | 3274052 bonderøven-farm ass
bonderøven-farm ass's picture

A most remarkable frown...!

Mon, 02/25/2013 - 11:57 | 3274061 Stoploss
Stoploss's picture

If they can get Berlusconi in, they will never vote him out until he dies.

If he can just avoid hot tubs..

Doesn't take long for the NWO bug to wear off now does it?

Mon, 02/25/2013 - 11:51 | 3274013 spastic_colon
spastic_colon's picture

Look, we all know how this is going to work this week;


Month end, sequester, week full of central-bankers-on-parade to tell us how they are not really anywhere close to tightening even in the face of better-than-expected-everything-indicators.  If the ES has not made a new all-time nominal high by the end of the week then jobs are on the line (jobs as in bonuses).


Corruption at its finest, but this will be a history lesson some day in how to ram a hot rod up any naysayer’s ass, and how to create the universe’s largest global short ban in order to change not the fundamentals, but the psychology.  The message is clear – conform or be destroyed – apparently govt’s have figured out there is no challenge to their authority and will continue to steamroll all negative sentiment that is based in reality.


PS - dont forget all of the after market "solutions" to the sequester

Mon, 02/25/2013 - 11:58 | 3274071 101 years and c...
101 years and counting's picture

Wrong.  The US Treasury is planning on sequester happening and for markets to be crazy later this week.  They moved the auctions up 1 day (usually Tues-Thurs, this week is Mon-Weds) and will be settling all this debt on Thursday.  Settling on Thursday has never been done before.  Usually, these settlements occur in the following week.

Mon, 02/25/2013 - 12:02 | 3274080 spastic_colon
spastic_colon's picture

i for one hope you're right and i'm wrong

Mon, 02/25/2013 - 12:43 | 3274202 Shell Game
Shell Game's picture

"Corruption at its finest, but this will be a history lesson some day in how to ram a hot rod up any naysayer’s ass, and how to create the universe’s largest global short ban in order to change not the fundamentals, but the psychology.  The message is clear – conform or be destroyed"

Brilliant observation, 100% spot on.

Mon, 02/25/2013 - 13:50 | 3274418 SheepDog-One
SheepDog-One's picture

You can keep wrapping more gauze around a gangrenous limb, but someday it's going to have to come off or the whole body dies.

Mon, 02/25/2013 - 11:44 | 3274019 lolmao500
lolmao500's picture

Monti 29??? BERSANI 29...

Mon, 02/25/2013 - 11:44 | 3274022 ekm
ekm's picture

It's Bersani 29.6, not monti.

Mon, 02/25/2013 - 11:46 | 3274028 Edward Fiatski
Edward Fiatski's picture


Mon, 02/25/2013 - 11:46 | 3274026 Glass Seagull
Glass Seagull's picture



"Bohlz doo dah wohlz."

Mon, 02/25/2013 - 11:46 | 3274027 Cognitive Dissonance
Cognitive Dissonance's picture

Time for some more Fed Viagra.......stat.

<Can you say unlimted currency swaps?>

Mon, 02/25/2013 - 12:44 | 3274206 Shell Game
Shell Game's picture

"Can you say unlimted currency swaps?"

Yes, but for some reason when it comes out of my mouth it sounds like 'time-to-go-buy-metals'...  ;)

Mon, 02/25/2013 - 13:18 | 3274292 disabledvet
disabledvet's picture

"for Yen" maybe...

Mon, 02/25/2013 - 11:46 | 3274029 tradewithdave
tradewithdave's picture

Is the mojo of a "One People's Public Trust" rising... or is this just my imagination.


Mon, 02/25/2013 - 11:46 | 3274030 Sudden Debt
Sudden Debt's picture

like the duration of a erection of a 60 year old...

Mon, 02/25/2013 - 11:53 | 3274055 Edward Fiatski
Edward Fiatski's picture

I have an erection in tandem with Silvio right now.

Who knew that this Monday would be such an eventful day. Thanks for all the fish. :)

Mon, 02/25/2013 - 11:47 | 3274035 fonzannoon
fonzannoon's picture

Whoever GS wants to win will win. They are probably bored and just creating a few trading opportunities along the way.

Mon, 02/25/2013 - 11:48 | 3274038 orangegeek
orangegeek's picture



someone got fucked at the used car sales lot today.

Mon, 02/25/2013 - 11:50 | 3274041 Super Broccoli
Super Broccoli's picture

whaaaaat ? so basicly everyone said crap previously ... where is bersani ?

and why is the italian bond yield still going down ? http://www.bloomberg.com/quote/GBTPGR10:IND i guess any news is good news !

Mon, 02/25/2013 - 11:51 | 3274048 scatterbrains
scatterbrains's picture

OT  but Jim Grant was off the hook on Bloom this morning.  I've never seen him look more calm and certain about anything like he did this morning.  Gold standard bitchezz!

Mon, 02/25/2013 - 11:54 | 3274057 Temporalist
Temporalist's picture

Goldcorp CEO Charles Jeannes will be on Doomborg 11:30am est as well. 


Mon, 02/25/2013 - 11:53 | 3274051 Ribeye
Ribeye's picture

Horse futures are getting crushed,

However, the escort market and hotel stocks just exploded,


Mon, 02/25/2013 - 11:53 | 3274054 DeadFred
DeadFred's picture

Ungrateful peasants lack appreciation for what Goldman has done to save them. /s

Mon, 02/25/2013 - 11:56 | 3274060 Temporalist
Temporalist's picture

Peasants is such a dirty word.  They are called "Consumers" in the parlance of newspeak.

Mon, 02/25/2013 - 12:17 | 3274113 Edward Fiatski
Edward Fiatski's picture

Very nice, my thoughts exactly, although I do prefer the term "PEASANT" as it is more derogatory and follows "Tradition" of millenia of servitude by the unthinking massses.

Mon, 02/25/2013 - 11:58 | 3274072 Hongcha
Hongcha's picture

Impossible to trade this crap.

Mon, 02/25/2013 - 13:21 | 3274300 disabledvet
disabledvet's picture

Not impossible to sell it though. "the crap" that is...

Mon, 02/25/2013 - 12:02 | 3274084 Mr. Hudson
Mr. Hudson's picture

There is some excellent opportunies here to make lots of money.

Mon, 02/25/2013 - 12:02 | 3274085 MarsInScorpio
MarsInScorpio's picture

Who proofs the copy for these articles anyway? I sometimes wonder if they are created by the same editorial algos the Tylers have dissed.


The copy line that now reads: LATEST SENATE FROM RAI: BERLUSCONI 31.6, MONTI: 29.4, GRILLO 24.9, MONTI 9.2




Really Tylers, how do you let so many typos get by on so little amounts of copy? Fess up - humans really don't write these articles, do they? No human could possibly miss the repetition of the name Monti twice in the same 12-word copy line.


Mon, 02/25/2013 - 12:06 | 3274091 Temporalist
Temporalist's picture

I bet you are always the life of the party

Mon, 02/25/2013 - 12:52 | 3274226 MarsInScorpio
MarsInScorpio's picture



And I'll bet you that you aren't . . .


Mon, 02/25/2013 - 12:20 | 3274130 Edward Fiatski
Edward Fiatski's picture

Don't be a clown and tell us you sit with your mouse over BUY/SELL and F5 spam ZeroHedge.

Get yourself a Bloomberg terminal if you want FLAWLESS PERFORMANCE.

Mon, 02/25/2013 - 12:49 | 3274220 MarsInScorpio
MarsInScorpio's picture

Edward, the difference between me and you is that I'm a professional - and you aren't.


And because ZH positions itself as a professionally prepared site, I expect them to be professional in their presentation. I've seen relentless typos changing the entire meaning of sentences and content. It's unprofessional.


As a college professor once told me, typos are the intellectual equivalent of belching at the dinner table.


So go tell your lawyer, or your physician, or your stock/financial funds manager, that typos in your legal case, or medical report, or financial orders, don't matter. Let me know how that works out for you.


Mon, 02/25/2013 - 13:01 | 3274241 Edward Fiatski
Edward Fiatski's picture

Get fucked, asswipe. A professional with an above-average IQ would spot the typo and calmly, kindly point it out. A real profession would shut the fuck up and let others act on the mistake and buy into the sell off.

Seeing as Tyler doesn't charge a subscription, yet, everything you have said is irrelevant.


Mon, 02/25/2013 - 12:08 | 3274098 omi
omi's picture

Mike Shedlock had a good comment on this topic "Do not believe anything until it is officially denied."

Mon, 02/25/2013 - 12:21 | 3274135 Lewshine
Lewshine's picture

You guys are such friggin Boyscouts!! You think (that's the first problem), that Berlosconi will sneak in a win against Goldman's golden boy - NEVER GONNA HAPPEN!!! The key holders of the kingdom have a job, its to make it look like a race...Just like they make it look like the US market MIGHT be hanging on a thread - NOT! Let me put all your witty sppeculation to rest. Goldman's man will eek out a win - but before that happens, US equities will close higher. Look at me - This is my shocked face!!! BWAHAHAHAHAHAHAHAHA Fawkin tourist - all of ya!

Mon, 02/25/2013 - 12:58 | 3274242 hugovanderbubble
hugovanderbubble's picture


Mon, 02/25/2013 - 13:05 | 3274253 Edward Fiatski
Edward Fiatski's picture

Why not -1.10? :)

Be happy to even hit the 200 DMA at 1.3070.

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