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European Stocks Rise For 8th Day In A Row (Best Run In Over 4 Years)
For the first time since July 2009, the European equity markets have risen for 8 days straight. The 4.73% rise is the best run in 3 months and took Bloomberg's European 500 index (akin to the S&P 500 in the US) to a perfect 61.8% retracement of the 2007/9 collapse. Greece and Spain are outperforming (the former +7% in the last 3 days alone). Away fdrom stocks, bonds are quiet, sovereign spreads are hardly moving as liquidity evaporates and while the EUR strengthened early on, as the US day session opened, the EUR sold off back to unchanged by the close of Europe. In the meantime, Europe's VIX dropped to 9 month lows (below 16%) today. Oh - and by the way - European Macro data has collapsed to 3-month lows.
European stocks have retraced 61.8% of their 2007-9 losses...
and this makes perfect sense...
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Everything makes moar and moar sense with each and every passing day, Tyler(s).
Stick around. Moar BS to come!
House of Whores Stenographer was compelled by god to speak!
http://www.youtube.com/watch?v=5whbnXTqxVo
Reichstag prelude...
up is down bitchez
Chilling but correct Boris.
When this does kick off, I have no doubt in my mind it will affect each and every man, woman and child round the world. We are sailing into un-chartered waters friends. Head down, arse up friend.
What is that lady talking about?!@#$% This is one of the biggest mockery's of all time. In fact its one of the few things that we can depend on from these jokers.
Im going to CA to dine on some Oarfish, and end this whole thing!
that is truly fucking hysterical. call me crazy for hoping this is the begining of a beautiful swan-dive.
When it does break, people will come out of the woodword to tell us, "I guess you guys are happy now that people are suffering again".
Thing is, I will be happy if it happens soon. There is still substantial wealth out there that has not yet been redistrubuted from the middle class and fixed income types to those closest to the money spigots. The sooner the system breaks, the sooner that wealth can be deployed to rebuild our system.
I'm scared its not gonna go that way though. In fact, I believe more firmly than ever that right when its starting to look like we are *finally* getting some recognition of the problem, our leaders (to the approval of our neighbors) will crank up the presses once again to garauntee the most painful outcome possible.
Why take a 30% hit on your pension today to fix the issue when someone is telling you they can fix it with more stimulus? Sure, you are garaunteed to take a 90% hit in the end this way, but thats only *theory* coming from some doomer blog. The experts say it will work and just think of how bad off we'd be if they weren't around.
Re; The experts say it will work and just think of how bad off we'd be if they weren't around.
You can go to the dentist now or you can wait and hope the problem goes away. What do most people do?
"Berlitz Guide to Dentalese."http://www.condenaststore.com/-sp/Berlitz-Guide-to-Dentalese-New-Yorker-Cartoon-Prints_i9795536_.htm
Bad news is extremely bullish as it might mean that Mario Drahgi, who is clearly lagging behind his Central hedge fund peers in terms of currency debasement will step it up.
Manic, blow-off phase of a truly epic global equity/credit bubble. Could go a lot higher (Dow 20,000?) before it ends (in a river of tears and/or blood).
Enjoy it while it lasts. Won't be another one like it in our lifetimes, if ever.
Take a minute
https://www.youtube.com/watch?v=UUcGcGFCcqk
What else is a European to do with their fiat bonuses (free currency), when ...
... their car and house are paid off, and health-care and education cost so little?
What else are they to do? They buy shares in companies, that's what they do. You would too, if you were in their Euro-shoes and had a well-paying, cushy job. The wealth-redistribution continues.
And you can see all the wealth from all time highs in markets in Greece, Spain, Italy, and soon the USA. It's all good. Nothing to se here all is normal, move along.
I would like to be one of those who knew that the s&p 500 was set to double (ahem almost triple now) backed by the Fed, just think of the leverage you get using futures. After moltiplying their net worth 20 to 40 times they will play the game again shorting the motherfucker all the way down when they decide it's time to crash, I hope soon.
While I kept jerking with charts and fundamentals...
Stock markets are now a measurement of government monstrosity, not economic vitality!
I think it's time to go puke again.
So, if stock markets world-wide go up when things are "bad" that means:
1) Everything is rigged by conspirators.
2) The PPT has foreign branches.
3) Males with filling prostate glands make the same gambling decisions world wide.
There's a lesson there someplace.
Watch for panic buying when we pass the 61.8% retracement
up is the new down
But the recovery will reach escape speed any quarter now. :)
NOT