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Breaking: Greece
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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Greylock made their money.
http://www.zerohedge.com/news/greek-bonds-monkeyhammered-hedge-funds-sla...
Drop the Euro. Embrace the Gyro......
Greece is the word.
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?
You can invest in Bitcoin. Up about 1000% in the past year.
Looks like Michelle Cabrusa-Cabrera is going to enjoy a nice long spring Mediterranean vacation.
I'd enjoy a vacation in her mountainous regions and southern areas. Would avoid the north.......
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.
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.
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!
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.
MDB, we're all impressed that you continue to post comments despite your mental handicap.
Yep MDB when the EU policy change happens you will lose 40 to 80% of that long term investment.
How's that "locked in" 7% return doing for the what used to be the 2 largest banks in Cyprus?
MDB; that's until those haircuts come...
Vicious are these haircuts I tell you...
I see a bad moon risin...
I see trouble on the way
There's the bathroom on the right.
"Stay to the right!" —Mama Fratelli, The Goonies
merkel and putin fornicatin in the hay..
I see silverbugs weeping and shitting in their pants.
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.
No margin no cry.
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.
Gravity still exists....and will reassert itself at the worst possible moment.
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
sounds like Feta's bank will need a bail in / out sooner than expected
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.
Bailout III, bItCHeZ!
It ain't fixed till it's fixed ...
bailout III, nah, bail in I
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!
Greece will go boom.
Signed: an American.
My feces will go "splat" onto the roadside.
Signed: An Anonymous chinese shitizenism troll
Das ist fantastisch. Ja.
That's called a correlation of asset classes...
Coming soon to a nation near you.
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...
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?
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.
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??'
''I say no wealth is worth my life! Not all they claimwas 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
Does the EU financial situation and USA debt look better through Google glasses?
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.
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.
Isn't Greece II where John Travolta fucks Olivia Newton-John in the ass?
recent unveilings would point to John being the catcher.
Gives a whole new meaning to "Up your nose with a rubber hose".
That's bullshit.
Paparazzo used to make that false claim about Rock Hudson as well.
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.
you can bet jonnie horzine and the russian oligarchs are gone
so this is what happens when the Ouzo runs out.
"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."
Seems "Breaking News" is quite apropos these days!