• Tim Knight from...
    04/28/2016 - 00:27
    I was expecting a few boring candidate statements of the U.S. Senate - AKA the World's Most Exclusive Club - but, boy, was I wrong. Just take a look at some of these gems.
  • Tim Knight from...
    04/28/2016 - 00:27
    I was expecting a few boring candidate statements of the U.S. Senate - AKA the World's Most Exclusive Club - but, boy, was I wrong. Just take a look at some of these gems.

Breaking: Greece

Tyler Durden's picture


Greece has re-entered a bear market. Its stock market, after seven months of exuberance has dropped 20% in the last month. Greek government bonds are also in trouble as the no-brainer trade is now at three-month lows (with its price also down 20% from just a week ago). It would seem that 60% youth unemploymet may actually mean something once again...



Chart: Bloomberg

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Wed, 03/27/2013 - 09:38 | 3380894 ihedgemyhedges
ihedgemyhedges's picture

Drop the Euro.  Embrace the Gyro......

Wed, 03/27/2013 - 09:41 | 3380910 toys for tits
toys for tits's picture

Greece is the word.

Wed, 03/27/2013 - 09:49 | 3380945 MillionDollarBonus_
MillionDollarBonus_'s picture

Who cares? Greek bond holders have locked in a 7% return for the next 10 years. Value investors are planning to hold to maturity, so the price doesn't matter. Seriously, where else can you get yields like this? Do people still not see the advantage of owning long-term peripheral debt?

Wed, 03/27/2013 - 09:51 | 3380963 Debtonation
Debtonation's picture

You can invest in Bitcoin. Up about 1000% in the past year.

Wed, 03/27/2013 - 09:54 | 3380984 toys for tits
toys for tits's picture

Looks like Michelle Cabrusa-Cabrera is going to enjoy a nice long spring Mediterranean vacation.

Wed, 03/27/2013 - 10:13 | 3381074 ihedgemyhedges
ihedgemyhedges's picture

I'd enjoy a vacation in her mountainous regions and southern areas.  Would avoid the north.......

Wed, 03/27/2013 - 11:02 | 3381326 ElZorillo
ElZorillo's picture



Of course Bitcon looks good. All ponzi schemes look good, so long as you're not the unfortunate one still holding when it comes tumbling down.



Wed, 03/27/2013 - 09:52 | 3380971 Al Huxley
Al Huxley's picture

I hope you've loaded your portfolio with it MDB.  That'll be some payoff for you in 10 years when they mature and you get your principal back.

Wed, 03/27/2013 - 10:01 | 3381004 Nothing To See Here
Nothing To See Here's picture

Oh yes, lucky MDB. And I can't wait to see of what kind of paper those 7% yields will be made of two years from now!

Wed, 03/27/2013 - 09:52 | 3380973 Ratscam
Ratscam's picture

so the customers of one of the worlds best vault company Waldis Tresore wear tin foil hats ordering vaults en masse, thereby backlogging the company,s production time from two to six weeks.

Wed, 03/27/2013 - 09:55 | 3380986 McMolotov
McMolotov's picture

MDB, we're all impressed that you continue to post comments despite your mental handicap.

Wed, 03/27/2013 - 10:13 | 3381079 GCT
GCT's picture

Yep MDB when the EU policy change happens you will lose 40 to 80% of that long term investment.

Wed, 03/27/2013 - 11:02 | 3381325 Urban Redneck
Urban Redneck's picture

How's that "locked in" 7% return doing for the what used to be the 2 largest banks in Cyprus?

Wed, 03/27/2013 - 11:15 | 3381375 Frastric
Frastric's picture

MDB; that's until those haircuts come...

Vicious are these haircuts I tell you...

Wed, 03/27/2013 - 09:38 | 3380889 DrDinkus
DrDinkus's picture

I see a bad moon risin...

Wed, 03/27/2013 - 09:40 | 3380900 akarc
akarc's picture

I see trouble on the way

Wed, 03/27/2013 - 09:43 | 3380919 TrumpXVI
TrumpXVI's picture

There's the bathroom on the right.

Wed, 03/27/2013 - 09:47 | 3380941 McMolotov
McMolotov's picture

"Stay to the right!" —Mama Fratelli, The Goonies

Wed, 03/27/2013 - 09:50 | 3380957 DrDinkus
DrDinkus's picture

merkel and putin fornicatin in the hay..

Wed, 03/27/2013 - 09:48 | 3380948 eigenvalue
eigenvalue's picture

I see silverbugs weeping and shitting in their pants.

Wed, 03/27/2013 - 09:56 | 3380991 eclectic syncretist
eclectic syncretist's picture

Is that you Bernanke, you stupid motherfucker?  I told you to stop playing on the internet and get back to the fucking printing press where you belong, you worthless pile of maggot detritus.  No I don't give a damn about the rising cost of ink you dumbass dickhead, you're printing muppet money you lobotomized bootlicker.  Now we got bids in on AG, so get back to work and get us an unfairly low price so that we can accrue something of real value, you pathetic needle-dick jackass.

Wed, 03/27/2013 - 09:59 | 3381000 fuu
fuu's picture

No margin no cry.

Wed, 03/27/2013 - 10:03 | 3381019 Al Huxley
Al Huxley's picture

Yes, about the only thing that makes me more angry about having to pay less for PMs is when I go to fill up my car and see that the price of gas has dropped.  Although if I go to the grocery store and an item I want to buy is on sale, that pisses me off quite a bit as well.

Wed, 03/27/2013 - 09:39 | 3380897 Cursive
Cursive's picture

Gravity still exists....and will reassert itself at the worst possible moment.

Wed, 03/27/2013 - 09:51 | 3380964 gjp
gjp's picture

Still doesn't exist in the US.  As usual, going up from the open, 'sophisticated traders' already loving such oversold and undervalued names as AMZN, LNKD and BIDU

Wed, 03/27/2013 - 09:39 | 3380898 Super Broccoli
Super Broccoli's picture

sounds like Feta's bank will need a bail in / out sooner than expected

Wed, 03/27/2013 - 09:39 | 3380899 WTF_247
WTF_247's picture

all bullish.  Dropping orders, slower economy, possible bank collapse, no employment, unable to issue debt ...

Imagine if this happened in the US - the SP500 would be at 2k.  It would be so wildly bullish that I do not think the market could stop itself.

Wed, 03/27/2013 - 09:40 | 3380902 machineh
machineh's picture

Bailout III, bItCHeZ!

It ain't fixed till it's fixed ...

Wed, 03/27/2013 - 09:50 | 3380955 Super Broccoli
Super Broccoli's picture

bailout III, nah, bail in I

Wed, 03/27/2013 - 09:40 | 3380904 asteroids
asteroids's picture

Greece fell into the black hole a while ago, what you currently see is an illusion crafted by the ECB. By letting Cyprus go under, Greece will implode shortly. I suspect they might hang on through the Orthodox Easter May 5. After that, boom!

Wed, 03/27/2013 - 09:43 | 3380925 AnAnonymous
AnAnonymous's picture

Greece will go boom.

Signed: an American.

Wed, 03/27/2013 - 13:13 | 3381829 akak
akak's picture

My feces will go "splat" onto the roadside.

Signed: An Anonymous chinese shitizenism troll

Wed, 03/27/2013 - 09:40 | 3380906 Edward Fiatski
Edward Fiatski's picture

Das ist fantastisch. Ja.

Wed, 03/27/2013 - 09:45 | 3380934 Stonedog
Stonedog's picture

That's called a correlation of asset classes...

Coming soon to a nation near you.

Wed, 03/27/2013 - 10:10 | 3381048 Nothing To See Here
Nothing To See Here's picture

But Greece is such a special case you know...  and so was Cyprus...  And did I mention Italy? What a special case right there.

Now, let me talk about the spcial cases that are Spain and Portugal...

Wed, 03/27/2013 - 09:47 | 3380943 adr
adr's picture

Looks like another country that embraced the Krugman fallacy.

Who would have thought that the total destruction of the economy could be so good for a country's stock market.

What was it, a 110% rise in seven months? I guess rich Greeks are just like the rich everywhere else. They don't like to lose their money and will pay off anyone they need to in order to get their money back. Or was it not the Greeks but the same 1000 people who control all the world's markets who wanted their money back?

I bet the 60% of the youth are happy the stock market doubled in seven months. Are Greek newspapers and TV telling everyone that they missed out on a new bull market and this 20% dip is the buying opportunity of a lifetime? Or is that just an American phenomenon of emracing full retard?

Wed, 03/27/2013 - 09:55 | 3380983 espirit
espirit's picture

If you have a friend, and you love that friend ~ and that friend loves you ~ You better f*ck that friend before that friend f*cks you.

Coming to a bank near you.

Wed, 03/27/2013 - 09:49 | 3380952 SheepDog-One
SheepDog-One's picture

WHAT? Greece is bankrupt, and actually still IS bankrupt? And after those nice people on CNBC assured me 'All is well'....I'm all 'OMG, what??'

Wed, 03/27/2013 - 09:52 | 3380956 MrNude
MrNude's picture


''I say no wealth is worth my life! Not all they claim
was stored in the depths of Troy, that city built on riches,
in the old days of peace before the sons of Achaea came-
not all the gold held fast in the Archer's rocky vaults,
in Phoebus Apollo's house on Pytho's sheer cliffs!
Cattle and fat sheep can all be had for the raiding,
tripods all for the trading, and tawny-headed stallions.
But a man's life breath cannot come back again-
no raiders in force, no trading brings it back,
once it slips through a man's clenched teeth.
Mother tells me,
the immortal goddess Thetis with her glistening feet,
that two fates bear me on to the day of death.
If I hold out here and I lay siege to Troy,
my journey home is gone, but my glory never dies.
If I voyage back to the fatherland I love,
my pride, my glory dies...
true, but the life that's left me will be long,
the stroke of death will not come on me quickly.”

Homer, The Iliad


Wed, 03/27/2013 - 09:53 | 3380979 Flounder
Flounder's picture

Does the EU financial situation and USA debt look better through Google glasses?

Wed, 03/27/2013 - 09:53 | 3380980 Dr. Engali
Dr. Engali's picture

At some point in time a grown up has to tell the bankers to fuck off, if they don't then eventually bodies will be drug through the streets.

Wed, 03/27/2013 - 09:54 | 3380982 orangegeek
orangegeek's picture

The global push after Obama's re-election last November has run out of gas.


Even the morning drop and bounce on the SP500 and Dow is losing its "predictability.


MSM should have fun with this - after all the fucking euphoria they have been pushing.

Wed, 03/27/2013 - 09:56 | 3380992 toys for tits
toys for tits's picture

Isn't Greece II where John Travolta fucks Olivia Newton-John in the ass?

Wed, 03/27/2013 - 10:27 | 3381188 LFMayor
LFMayor's picture

recent unveilings would point to John being the catcher.

Gives a whole new meaning to "Up your nose with a rubber hose".

Wed, 03/27/2013 - 11:18 | 3381381 toys for tits
toys for tits's picture

That's bullshit.

Paparazzo used to make that false claim about Rock Hudson as well.

Wed, 03/27/2013 - 10:01 | 3381012 morning
morning's picture

Diesel will go boom on the winning trifecta, Slovenia, Portugal and Greece. Very bullish that everyone in these countries can no longer afford a simple water bill. 

Wed, 03/27/2013 - 10:02 | 3381015 Rathmullan
Rathmullan's picture

you can bet jonnie horzine and the russian oligarchs are gone

Wed, 03/27/2013 - 10:26 | 3381170 LFMayor
LFMayor's picture

so this is what happens when the Ouzo runs out.

Wed, 03/27/2013 - 10:43 | 3381260 Non Passaran
Non Passaran's picture

"There's an old saying in Greece — I know it's in Cyprus, probably in Greece — that says, bail me out once, shame on — shame on you. Bail me out — you can't bail me out again."

Wed, 03/27/2013 - 12:11 | 3381606 iamtheeggman wh...
iamtheeggman whooooooooooooo's picture

Seems "Breaking News" is quite apropos these days!

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