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Europe Is 'Just Plain Silly' Too
It is not just the US that is "silly", the Europeans won't be outdone...
Macro...
Micro...
and just as in the US, the equity markets remain in their own little world...
Charts: Bloomberg
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Gravity always wins.
my mans in baltimore....corrected...the mesiah is in my hometown here in detriot south......when he walks on water here the magic is the water has so much junk in it, he will just be walking on a tire to get to the shopping cart than to the log.......i think at the end he is going to do some healings.....
Macrotologist > PumpnDumpologist.
http://www.youtube.com/watch?v=deuC8GPr31A
Speaking of gravity....sneaking up on a Friday afternoon:
http://www.marketwatch.com/story/us-to-reach-debt-limit-saturday-lew-201...
It's just that easy.....always print MOAR.
So this is what a party looks like
Gravity always wins.......in the end. Stocks could continue to climb in this fiat-free-for-all. If we hit hyper-inflation DOW 40,000, of course, not that ridiculous of a number.
Well Cashin thinks we likely go parabolic...and that's a "good thing". Even Cashin has lost it.
No wonder he doesn't appear on KWN anymore. Don't worry, he'll back there in the future to once again keenly observe, consolidate, and communicate the obvious.
If banana futures went through the roof, you'd see him wearing a fruit hat telling the world how much fun it is to shake maracas.
Bunga Bunga...
"She testified that she met the premier that night — on Valentine's Day in 2010 — and that he gave her an envelope of 2,000 to 3,000 euros ($2,600 to $3,900) as she was leaving, saying it was "a little help" and asking for her telephone number, which she gave him.
At that party, she said, she introduced herself as Ruby and told other guests a fake tale that she was Egyptian, that her mother was a famous Arab singer and that she was related to then-Egyptian President Hosni Mubarak. She was 17 at the time but had passed herself off as being 23 or 24.
El-Mahroug confirmed Friday what other witnesses have testified previously: that at some of the soirees, young female party guests had dressed up like nuns and danced for Berlusconi and then stripped down to their underwear.
The parties took place in a disco in Berlusconi's villa equipped with a lap dance pole. El-Mahroug told the court that there was sometimes a singer who is close to Berlusconi at the parties, but most of the guests were young women. While she went home in a taxi alone the first night, other times, she testified, she slept in a guest room by herself. Since she only had the dress she was wearing, she was given a track suit in the morning to have breakfast, and sometimes stayed for lunch, leaving in the late afternoon.
El-Mahroug said Minetti, one of the defendants, had dressed up like a nun at that Feb. 14 party and lifted her costume to show off her legs as she danced in Berlusconi's in-house disco. El-Mahroug demonstrated from her seat how Minetti had raised her hemline. She said Minetti eventually took off her costume and was in just her lingerie.
She said another young woman dressed up alternately as Obama or a Milan magistrate who is leading the prosecution against Berlusconi in the sex scandal, donning a red wig and the black robes worn by magistrates in Italy."
http://news.yahoo.com/woman-describes-berlusconis-bunga-bunga-parties-155231413.html
OK the nun attraction I get, having been raised Roman Catholic. (Yes, that's all it takes).
The other two, I mean, are these guys at the top closet buggerers to the man or what?
Italians love the old goat because he's got simple tastes and isn't afraid of admitting it. A man who loves the young ladies of a semi-legal age is much better than the other kinds of perversion on offer, after all.
Why, Hello there Padre.
Definite top is in if Cashin says we go parabolic!
Retail capitulation today.
will be shocked if we get through the summer without europe having riots that border on civil wars. or even an exit. but as long as the presses are running the beta-jocks will continue to buy till their manbits grow sore and chaffed.
the bailouts/money printing/etc will continue until morale improves, or the shooting starts - whichever occurs first
In France, they bun 42,000 to 60,000 cars per year. So, it has to be at least double or it doesn't count.
Wile E. Coyote's bat suit appears to have extended range, now all the way from the Arizona desert to somewhere over the mountains of southern France.
Silly = bullish
Looks like I picked the wrong week to stop sniffing glue and to go short. Must keep reminding myself to go long the most shorted and not short the most longed...stupid stupid stupid. Just waiting for 1661.50 so I can book my loss.
Looks like you're going to get your wish...now can we please get AU to 1200?
The US Military has ruled that it is in control of civil population in the United States of America.
We have officially entered a CIVIL WAR.
Missed that announcement, when & where was that?
They recently re-interpreted existing law (saying it was a "clarification") such that they have authority that supercedes local (towm, county, state) government.
Insane: http://www.longislandpress.com/2013/05/14/u-s-military-power-grab-goes-i...
Holy shit. I knew I should have returned those overdue library books.
The interesting thing is that they're only reaffirming laws that were already in place post 9/11. This reaffirms a 2008 document from memory.
It's interesting to an outsider just how obvious this has all been (Patriot Act); places like Russia and China are practically transparent to admitting similar controls in place.
DoD-CivilianLawEnforcement.pdf
We're all 'terrorists' now...
http://uscode.house.gov/download/pls/10C18.txt
Whats a Macro? I just press the green button when I see red. It makes my pee-pee maker tingle.
That may be the best market based advice I have ever seen.
"On second thought, let's not go to Camelot. It is a silly place."
+ 1 for the Holy grail comment when referencing Europe.
What is the airspeed velocity of an unladen swallow?
What do you mean? An African or European swallow?
Funny you should ask... I'm getting a creeping feeling that my failure to answer that question is going to be the thing that gets me booted off ZH...
ha, it's a trick question. Coconuts are in Africa
here is the development of turnover and occupied people of Gieseke & Devrient, the company that prints the Euros(and other currencies)
http://www.gi-de.com/de/about_g_d/company/facts_and_figures_1/facts-and-...
nuff said...
creating confidence™
how's that for a motto?
Nice link
Economic Depression = Record High Stock Markets
This is sustainable.
In other news the treasury is going to begin extraordinary measures.
In other words they are pillaging the pensions, yet the markets continue new highs as all is well.
"extraordinary measures".....LOL
Just like Bernanke just smashes his fist on the "print" button and we keep watching in amazement at him utilizing all his amazing tools in his toolbox.
It's hysterical how those ratings agencies magically got the biggest case of whiskey dick and no one even remembers all their warnings.
This story is developing. Please check back for further updates.
http://www.cnbc.com/id/100736906
pay no attention to that man behind the curtain
just plain silly = revealing that financial markets have always
embraced fascism and political determination as to the final arbiter
of value, not markets or the will of people who work to survive.
debt is money now who is going to pay? the charts say to me that
that will be determined by the central planners and the investors
in those charts will support whatever decision comes by those fascist
central planners. little Eichmann's all. just a thought in the form of
an accusatory question?
We need to stop calling them "markets" for that is decpetive, misleading - for that implies they are "free", which they all are no longer. We need a better term that will lift the cloak and manifest their current true corrupted nature. I can't think of a good word/term - anyone?.....
Moarkets?
how about "fuckwads" ... as in, "the advancing or declining fuckwads today shit on both bull fuckoffs and bear fuckheads within a 30 minute selling panic followed by a 30 minute buy-the-fuckwad-dip panic. President Fuckweed said it was good as he entered the courtroom for his arraignment. And chairman Bernanke, from his shared cell with Jon Corzine, said ............
europes' most feared man.....
in case u missed it last night....
http://video.cnbc.com/gallery/?video=3000169289#eyJ2aWQiOiIzMDAwMTY5MjkwIiwiZW5jVmlkIjoiRWFPYUV5c3REeExwL1lLbzFMb2xtdz09IiwidlRhYiI6ImluZm8iLCJ2UGFnZSI6IiIsImdOYXYiOlsiwqBMYXRlc3QgVmlkZW8iXSwiZ1NlY3QiOiJBTEwiLCJnUGFnZSI6IjEiLCJzeW0iOiIiLCJzZWFyY2giOiIifQ==
Pomosexuals in Europa!
The US & EU charts are almost identical in appearance
It's almost as if they had a plan
Maybe crash the whole lot and bring about global change
Until Cashin just marked the top I was thinking that they were going to push higher and higher bringing in greater and greater fools before pulling the rug and leaving the last fools in holding the bag.
I don't know Randall. I think we may have a ways to go yet. It's just my guess but the top will be marked by several days where the S&P may go up 50 plus points each session and the dow 300-400 points.
That would pull in greater and greater fools alright and I was thinking along those lines too but to a lesser extent...until Wrongway Cashin's call.
Does POMO money impact the stock market on the "operation date" or the "settlement date" most?
If anyone thinks the CB's of the world run the show, they're mistaken! It's the TBTF banks, they tell Ben Draghi and the rest of them to just keep pissing INK, and everything will be fine, while they stuff their pockets with billions!!! Than when everything falls apart, they act like they didn't have a clue, yes the BA's and the MBA's tell the PHD's what to do!!!
What goes up must come down!
When the money supply inflation is being injected into the monetary base in the form of bank reserves, the inflation will first appear in what banks buy, not in what people buy. Of course eventually the inflation will flow through the rest of the economy. The people will get a hold of some of it after it has been fully diluted by the banks and the government.
http://knowmadiclife.com/blog/hey-dude-wheres-my-inflation
Winning the battle, losing the war.
The Wehrmacht approaches Stalingrad as the Russian Winter sets in.
Don't think those 1.6 billion rounds ordered by DHS were for target practice.
Yeah! Want to see something really scary??
http://www.infowars.com/dhs-supplier-provides-shooting-targets-of-americ...
Jim Rogers/Lauren Lyster
http://finance.yahoo.com/blogs/daily-ticker/jim-rogers-gold-continues-long-overdue-correction-152940657.html?vp=1
none of this shit matters, stocks are going up. period.
OT: Who's exempt from ObamaCare?
"Also exempt are those who have certain religious beliefs, such as the Amish, or those who are born into a Native American tribe."
http://www.marketwatch.com/story/6-new-irs-questions-for-2014-2013-05-17...
Mo -Fuckers -are you kidding me? My 12 year's of beat-down Catholic education doesn't equate to an AMish religious exemption?
Fundamentals do not matter anymore.
Trader Dan Norcini: “I must admit to being an adherent to the Austrian school of economics. Right now, we look like well-read DOLTS with all our predictions having been proved utterly wrong...”
http://traderdannorcini.blogspot.mx/2013/05/surging-us-dollar-derailing-...
Law and supply laws do not apply, QE-infinity actually helps the economy. Just print more, no problems.
is it still to late to sell in May?
Hah! What do these Americans think, that they can be sillier than us Europeans!!1!??
There are still too many short positions in the markets, too many long positions in PM''s and therefore markets have to move higher, because there are too many asset managers who are behind the curve. As simple as that. I am wondering, what is the equity allocation (via ETF's) of the major CB's of their reserves. Big payday for the big IB's ahead.
This is all going to end very badly. It's hard to watch anymore.