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And Rejected: 40 Minutes Later "Optimism" Denied By ECB
Moments after the last Hopium and Optimism driven surge in the EURUSD, we asked a simple question:
So what happens when Cyprus is not fixed "within hours"
— zerohedge (@zerohedge) March 22, 2013
...we just got our answer, courtesy of the perfectly expected ECB rejection, which this time waited a whopping 40 minutes before showing Cyprus who's boss
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SHOW ME THE MONEY!
I hear Stolper has all his own funds in BitCoins....
and cue... market rallies anyway because why the fuck not?
whooda thunk 666 to toady? zero hedge may be right in long term, but they have been wrong on daily basis posting all negative stories. on a long enough time line all markets crash. zero hedge has become junk reading....i don't really know why i come here at all anymore.
the whole fucking thing is bullshit-why do you think volumes have plummeted the last 5 years?
derek, you come here for the great company. As I said before, sometimes user comments may be more interesting than the posts.
I think we found the identity of the mysterious downvoter.
"He prowls the message boards at night, junking every post. Making everyone believe their points are worthless and their opinions wrong. Saving the internet for the true heroes. Robotrader will be avenged."
Yep, and they are possibly confused sexually.
Diekembe Mutumbo-ed
Hey Derek - feel free to post all of the positive stories coming out of Europe or the US lately. I'd love to read them. Or maybe you can post about the great earnings reports from FDX, AAPL, CAT, ORCL, WMT, etc... Feel free to explainwhy the FED feels it necessary to pump $85 Billion every month into such a sound economy.
thx.
It’s important to realize, Derek, that the current situation is not what Bernanke wants; he wants it all.
He wants complete control of all phases of our lives. And what Zero Hedge is doing, and what we support in its efforts, is resisting. ZH is pointing out the rising dangers; it is attaching numbers and facts to the decline in the American system. It is tolling the bell that warns of the demise of our present civilization…
If no one takes the lead with this resistance, then the tyrants not only keep their current system in place, they will move to the police state action where American citizens are ordered as in which industry they will be involved, their incomes will be completely controlled by the state and their every movement will be monitored.
For those who proclaim Bernanke as the winner, they have plenty of cohorts throughout the world chanting in unison – the major media, the purchased politicians and, of course, the prostitute economists.
Surely, there’s a place for truth and resistance fighting.
Gone already are major parts of America’s Bill of Rights and Constitutional guarantees, freedom of movement, investment opportunities, and the rule of law. In their place are completely corrupted political parties, courts and legislatures, along with the loss of representative government.
Would you suggest at this time to relax and enjoy it? I rather think this is bad advice.
To top it off the American taxpayer is forced to submit to a declining standard of living while subsidizing and paying tribute with his savings and labor to the very tyrants who now occupy America’s seats of government and regulatory agencies --the bankers.
For whom does the bell in Cyprus toll? It tolls for thee…
“No man is an island, entire of itself; every
man is a piece of the continent, a part of the
main. If a clod be washed away by the sea,
Europe is the less, as well as if a promontory
were, as well as if a manor of thy friend's or
of thine own were: any man's death diminishes
me, because I am involved in mankind, and
therefore never send to know for whom the bell
tolls; it tolls for thee."
John Donne
ive been on this board for years.....and agree that this debt is unsustainable. ive watched futures all night several times since 2009 thinking this is finally the crash. have seen some really awesome posters come and go (particularly fukijima). read through every article and now they all have a negative spin. maybe bernanke pulled it off......he has for 5 years...maybe it will last 10 or more. but to sit here another 5 years and watch everyone hope for a crisis is just so depressing. i challenge tyler to write about feasible solutions---not pot shot at everything that happens. whats a workable plan? seems bernankes plan is doing reasonably ok-----maybe getting 10 or 20 years more out of this empire is the best solution. seems like a lot of you enjoy bitching and moaning and hoping for prepper society. real preppers don't babble about it.
Ok so I take this as a market top...derek has finally succumbed to the Bernanke neo Keynesian nerve gas.
The neo Keynesian nerve gas is emitted 24/7 out of Big Media and in Universities. It's goal is to befuddle and disencourage western logic and western morality. Y'know...that stealing of people's wealth and work thing....
Thanks for your honesty derek, you have held out as long as you could. The Bernank and his smirking pack of jackals have claimed another to their side.
Now....I must turn my back on you....never come back.
'never come back' ???
are you that narrow minded, you have to repeat the same chant with same posters over and over to believe yourself?
Don't worry Derek baby, good things come to those who wait. I've been here since ZH was a blog spot. There comes a point where we want good news so badly, but honey, you can't go back to the make believe Steak. It's just an illusion. There is no spoon.
I'm sorry baby,the Event Horizon has passed. Sustain yourself with family and friends, enjoy sports, Frak a hooker.
But this is Fight Club, not Happy Club.
Xoxoxo
exactly my frame of thought Derek,,,,,,,,if the end is in + -- 20 yrs ,,,,well i`ll die happy but if it is going to happen sooner well lets have RIGHTFUCKINGNOW,,,,,before i`m too old to manage.
kruzer----the solution is extreme austerity. no-one will like that. lower standard of living accross the board. but that will probably spark civil war----of which most all will regret. Be careful what you wish for.
Austerity? Well Let's start with your fed owned portfolio of bonds. You know, you can have your cake, or you can have cheese, or you can have your cheesecake!
There is no solution. They can borrow some time. Austerity is too little too late now.
They have to reboot the entire fiat currency system.
Aww, truth hurts I guess ;)
why do you have to splat rudeness onto your post? it makes it you look bitter
Be careful what you wish for.
Agreed, and I appreciate your comments. There was a book written a few years ago called American Apocolypse by a blogger that frequented Calculated Risk- another economic site like this but with a huge optimistic slant compared to ZH. The funny thing was is that the book-which CR helped advertise for free- as the title suggested, was as grim and earth shaking as anything you might pick up from Stephen King. But all based on a logical sudden economic collapse.
Yes, when the shit hits the fan it will not be as romantic as alot of people think, but to keep silient about the utter depravity, and hypocrisy beheld by the wealthy and government here in the US and Europe is a death unto itself.
I for one, will not be silent, I will not be stilled and I will not shut up until I feel my warm hands around at least one of their cold dead throats or die from a few official DHS hollow points trying.
I saw this posted in the other thread and it helped me relax for a few minutes. teenyb girls
http://models.teenyb.com
years = 1year 24 weeks
dogbreath my previous id was banned/censored because i revealed tylers real name. wont do that again.
there is NOT freedom of speech here. seems most of you want only only posts that say what you want to hear. many zhers are sheeple to the tylers
Don’t worry, the DOW is rallying, the bernake gots this
So don't bother.
Then please feel free to fuck off.
fuck on ~ fuck off
~~~
I see a new Karate Kid movie...
@derek_vineyard
GET THE FUCK OFF THIS SITE THEN YOU MORON
i don't really know why i come here at all anymore.
We agree on that point. As Bob Dole used to say (pre-blue pills), 'the exits are clearly marked.'
[btw, thanks for identifying yourself as the hack junker through the thread]
"....i don't really know why i come here at all anymore."
You are obviously addicted to more than just fiat.
< ZA (ZeroHedge Anonymous) meets 7 days a week in the chat room.>
Some folks find whips and chainz...stimulating!
I'm not meeting AnAnonymous any place..That Chinaman is unstable.
Hey CD, time to post that article again. Nice to see a fellow oldie
You are right, here is an insider inforamtion:
Long any fucking stock you see. nothing can go wrong in the short term and the long term.
Man, did you catch the April Fools joke at the CNBS website yesterday? They showed stawks DOWN and PMs UP! It was a real knee-slapper. Had me goin' for awhile.
"i don't really know why i come here at all anymore." Maybe to fuel your furtive masturbatory fantasies about Tyler?
$900 million EURO PUT trade on the Euro to crash vs. the dollar within 2 weeks.
"Within hours is ze weekend! See you Monday!"
Where's that fucker krugman?
this shit gonna make the same old option players richer...go for it boyzzzz
PRINT ME THE MONEY!
Fixed it for you.
Barack is in the neighborhood. Looks like the Fed might be making a purchase soon.
Cyprus, the Guam of the Mediteranean.
I'm hoping Cyprus becomes the 51st state of the Amerikan Union of (subjugated) States.
<Hawaii is so yesterday.>
They will rename states socialist republics.
This is getting crazier and crazier by the hour.
Best. Farce. Ever!
No one is reporting on what's happening backstage. That's where the real play is being enacted.
It's the remake of Roman Holiday, starring Angela Merkel.
Angela is the crown princess of an unspecified country. She is on a widely publicized tour of several European capitals. In Rome, she becomes frustrated by her tightly scheduled life. Her doctor gives her a sedative to calm her down and help her sleep, but she secretly leaves her country's embassy to experience Rome on her own.
http://en.wikipedia.org/wiki/Roman_Holiday
does an Indoan ass rape her..?
LOL! And I was just about to comment on the remarkable fact that a denial hadn't come out yet.
why has the ES not responded? hmmmmm.....they must be at lunch
Because its so MODESTLY PRICED with numerous BARGAINS such as LinkedIn, Facebook and amazon.
1000+ PE ratios is.the new normal.
Linkedin = annoying
The visible hand of the fed has the situation under control.
Doc - that invisible hand ...is fisting La Garde right now....strangely no more tweets out of IMF lately ...huh..?
Well, if it's not solved yet, it will be by 3:30 p.m.!
And 'unsolved' again at 4.01.
it cant be said enough...this 'market' is a farce.
Market? ... Market?? ... WE HAVE NO MARKETS! WE DON'T HAVE TO SHOW YOU NO STINK'ING MARKETS!!!!
This is better than Saturday morning cartoons being narrated by MDB!
Mind the gap!
they're milking the lie for all it's worth...
Just like the Nazis did... and the Soviets ... and the Mongols... OK, maybe not the Mongols
Take that downvoting cowardly finger and stick it up your ass. Now, put it in your mouth.
All upvotes to the Hypnotoad.
Up move bigger than down. As is. Always the case.
They have invented a perpetual equity motion machine, fuelled by lies and broken dreams.
Actually it's just a simple pump that takes the money from the bottom and squirts it up to the top.
Is that a cliff that the Euro just drove over...LMAO.
/es barely down. love me the casino
Already priced in.
"You don't even know what tjhat means, do you?"
"No, but they do and they're the ones pricing it in!"
At least they could have let me finished taking a dump before they changed their minds.
The new normal.
Thank you so much for that Dr. laughed my ass off.
It's my pleasure....literally it's my pleasure. I feel five pounds lighter. ;>
No shit?
Kind of like my buddy who says hitting a great golf shot is the fourth best feeling in the world.
Try Activia...we'll get you in and out before the algos can turn a trade.
[Edit: we have a closet hack junker patrolling the post]
You need to adjust your roughage intake.
Psyllium husks and lots of spring water makes one happy.
Cyprus needs some educating from the European School of Bullshitting Your Way Through a Crisis.
Would I Lie To You?
http://www.youtube.com/watch?v=ZWXlS9BboIA
Thanks for that.
PLEASE Cyprus, just tell them to fuck off! PLEASE!
DavidC
That chart of EURUSD is grasping at straws; micro analysis of macro sentiment and friday fubar to boot.
Never underestimate central banks and their power to paint green candles.
While the Aussie ramps in style.
All very, very strange.
:/
Not strange at all. ZH article on bullshit HFT percentages yesterday explained it very well.
This one has lasted longer than I thought was possible.
Aren't they supposed to forget about Cyprus and move on to the next crisis.
A whole week on the same crisis. They're gonna milk this one dry!
Problem is, that as supposedly small as Cyprus is, it's not. Sorta like syphillis...u can ignore it or cut it off, but you can't do so without making the rest of the "union" suffer.
Rumor has it they are calling in Erin Callan
By 3 PM the rumors of joint action between Russia and EUR will about do it. Natural Gas for all, they will ensure 2 chickens in every pot. The world has overcome another stumbling block and the S&P goes to $1580. Those pesky Goldies will again be tromped by JPM shorts. Ensure a continued weekly rise is taken away from the bugs. FU TO ALL CENTRAL BANKERS AND BANKER SCAMMERS.
EVENTUALLY THE END WILL COME TO THIS BS, BUT THE ONGOING SLOG CONTINUES. BEAT EM WITH BS MSM MOVES foRWARD.
...but the half-life of the levitation tactics is dwindling.
That chart says taking the blue pill didn't work for very long.
MACD turning up, new rumor in 10, 9, 8,..........
you dont expect ppl to take profits on a 0.5% move ?
I fully expect everyone to BTFD on a 0.1% drop.
you dont expect ppl to take profits on a 0.5% move ?
...that's what algos are for.
and the Cypriot people sit patiently by....standing like stunned zombies in front of ATMS hoping to get their hostage Euro's from the bankers that r telling them to fuck off - we run this shit...
LIKE THE GREEKS, IF THEY R WILLING TO LET THEIR BITCH OWNED POLITICIANS AND THEIR BANKER OVERLORDS RENDER THEM INTO POVERTY AND SLAVERY WITHOUT A FIGHT - FUCK EM...
And the difference between the U.S. and the cypriot populace is???
The U.S. populace has a shit load of guns and still takes it up the ass!
NOT ME...
The difference is they haven't closed the banks here. When they do, we'll have a clearer answer to your question.
Hopefully it will be a stronger response that it was in 1929
The problem is, everyone loves the euro in Europe in theory, it just sucks in reality!! South Europe is like that adolescent boy who gets the really hot girlfriend (Euro) to go out with him, and everyone is so impressed, only there's one problem, she only hangs with him, because his daddy (Germany) is rich!
First, who wants to have to admit that shit, and secondly, even if its true, who wants to give up the hot girlfriend regardless of why she's there, until you absolutely have to!
And Larry Fink at Blackrock still gets paid millions per year to tell us that Cyprus doesn't matter.
What a world.
Their idea of "fixed" and Our idea of "fixed" are two different things entirely
But that's how it's been for quite some time.
And how Cyprus reformed by ECB economy supposed to deal with bigger debt load after implementintig any of those plans starting at A and ending at XYZ? How those plans resolve problem of future finacial crisises in Cyprus?
It doesn't.
That's the beauty of it all. They get to do it again...only bigger, bailier and more painful.
Meanwhile:
UK gas prices surgehttp://www.bbc.co.uk/news/business-21897715
They don't connect this to Cyprus - yet.
The headline I'd like to see is "Cypriot FinMin to visit Iceland" Seeks advice on how to tell Euro Thugs to go fuck yourself.
Squid pro quo.
I hope Cyprus leaves the Euro and goes to the Ruble.
The gang of thieves from Brussels needs to lose a hand.
God, these promises are like my wife promising we'll have sex later. "Just let me finish my show and come back in a half hour."
In a half hour, I come down and she's asleep. I got a little excited, but now I'm just nursing a semi. Guess it's back upstairs.
I guess headlines are like sex for algos. Someone's got to program them to not blow their wad so quick.
your lucky. My wife is on Farmville. I ask her. Wouldn't you like to plant a real garden. She says o.k. go ahead.
Damn guys, sorry, and I thought being divorced was bad.
Your wifes too???? I've mastered the art of self-help, if you know what I mean. I have my technique down and everything. Hell, I can teach it to posterity too.
Someone is taking the time to down-vote every post without saying anything.
Angela?
the CNBC staff...they really have nothing to do between all the commercials.....
Barroso bored on the way back from Moscow ?
Catching up on the articles posted today and yes it does seem that there is a serial down voter afoot.
It's some antisocial nerd taking it out at the world, by bravely pressing the down-arrows on some anti-establishment website. To the stinker: If you do not disagree with what's said, or if you don't like it, then offer your own god-damned opinion on the subject. Don't just go trolling around and clicking the down votes like some god-damned coward. (I'm gonna down-vote myself just to confuse the stinker)
Hell with him, I love down votes. Figure if I can't piss someone of then I'm doin something wrong.
Good point! Although, it's the pointless stupidity of the action that got me a bit, not his trivial downvotes.
Don't World Wars start over crap like this. Where is Archduke Ferdinand when you need him
I think the programming code for PPT buy-bots is as follows:
good news = buy 3x
bad news = sell 1x, then buy 3x (aka dipper response training)
no news = buy 1x
Fed Neeting = buy 5x
All buy transactions exclude precious metal stocks.
I'm not a tweeter, but was impressed by the list that follow Tyler's tweets, it's a who's who: the FED, international banks, the Chinese, WSJ, Marc Farber, many PhDs, etc., etc. Well done, TD.
Lol
ZH commenters maybe crazy as shithouse rats, but at least we're well informed rodents thanks to TD.
For the comments, that's one of the reasons I swing by. The stories are OK, pokes my critical thinking and can be humerous.
That said however, this site is a pain in the ass when viewed on a tablet, when a comment threads into the 5th or 6th child of a parent the box gets squeezed so bad that the comment takes up alot of space vertically and about a word's width horizontally. You're literally reading word by word, line be line and it pisses me off that they haven't fixed that yet!
@Zerohedge, @Tylers, @webmaster : can you please use some decent blog webapplication with proper threaded comments for tablets?
Hear, hear on that. I find I just stop reading the thread once it gets to one word per line and those are usually the good interactions, but just plain unreadable.