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How The Market Reacts To Greek "News"

Tyler Durden's picture




 

We'll be the first to admit that the incessant stream of conflicting messages from Greece and its creditors regarding the progress on a debt deal long ago entered the realm of the comically absurd, so we don't blame the mainstream media for getting confused. 

All the same, we couldn't help but notice the following rather peculiar juxtaposition of headlines...

 

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Wed, 06/03/2015 - 13:58 | 6159885 q99x2
q99x2's picture

Greece isn't going to default on it's defaulted default if a default could default fault.

Wed, 06/03/2015 - 14:01 | 6159906 Comte de Saint ...
Comte de Saint Germain's picture

FEARPORN

Wed, 06/03/2015 - 14:09 | 6159942 NotApplicable
NotApplicable's picture

Threatens? LOL

Good thing words don't mean anything in particular...

Wed, 06/03/2015 - 14:36 | 6160061 Wolferl
Wolferl's picture

Throw those pathetic Greeks out of Europe already.

Wed, 06/03/2015 - 14:54 | 6160134 Lore
Lore's picture

Throw those conniving Troika banksters out of Europe already.

Wed, 06/03/2015 - 14:59 | 6160159 THX 1178
THX 1178's picture

Damn, you would have to be out of your tits to believe anything the media tells you.

Wed, 06/03/2015 - 15:14 | 6160221 ThaBigPerm
ThaBigPerm's picture

 

 

We Schrödingered some folks

Wed, 06/03/2015 - 17:27 | 6160691 winchester
winchester's picture

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Thu, 06/04/2015 - 10:36 | 6162877 Fod
Fod's picture

Throw this pathetic troll out of the comments already.

Wed, 06/03/2015 - 14:42 | 6160070 Paveway IV
Paveway IV's picture

Burn every last Greek bank to the ground and hang the bankers and politicians. Confiscate everything the Greek oligarchs and Greek governments have stolen from the Greek people over the last few decades.

Fuck paying ANYTHING back. ZERO MORAL OBLIGATION. 

Everyone starts over - anyone stupid enough to loan any branch of the new Greek government a single euro has been forwarned: you will not be paid back ever. 

Greece needs to evolve to the next form of government: balanced budgets/no government debt for anything. Spend what you have, not what you can potentially extort from taxpayers in the future.

Wed, 06/03/2015 - 14:47 | 6160108 Wolferl
Wolferl's picture

Wait, isn´t it exactly that what the EU, ECB, Eurogroup and the other Euro countries demand from Greece?

Wed, 06/03/2015 - 14:59 | 6160146 Lore
Lore's picture

Um, no. "Here, we'll lend you more so you can pay off this other debt that you took out to cover that other obligation. You can borrow more money to pay it back, on condition that you also seize bank deposits and drive down anything of value so our pals can swoop in and buy it for a song..."

Wed, 06/03/2015 - 23:01 | 6161764 StychoKiller
StychoKiller's picture

Polish target pistols for all Govt Honchos! :>D

Wed, 06/03/2015 - 14:05 | 6159921 KnuckleDragger-X
KnuckleDragger-X's picture

This isn't news, merely the overture for the next act.......

Wed, 06/03/2015 - 15:30 | 6160282 asteroids
asteroids's picture

I wonder if the FED is waiting for the Greek tragedy to play itself out before it raises rates.

Wed, 06/03/2015 - 14:18 | 6159986 Hype Alert
Hype Alert's picture

As long as the markets go up, who cares?

Wed, 06/03/2015 - 14:34 | 6160055 Dead Canary
Dead Canary's picture

And on the political front: Hillary announces her platform for 2016:

"I am pro good things and anti bad things"

 

Wed, 06/03/2015 - 14:36 | 6160063 youngman
youngman's picture

And that will be good enough for the MSM...the teflon bitch..

Wed, 06/03/2015 - 18:25 | 6160891 Debugas
Debugas's picture

she forgot to mention good/bad for whom

Thu, 06/04/2015 - 14:33 | 6163765 Dead Canary
Dead Canary's picture

Nooo she didn't.

Wed, 06/03/2015 - 13:58 | 6159886 lasvegaspersona
lasvegaspersona's picture

Who is on first?

Wed, 06/03/2015 - 13:58 | 6159891 SickDollar
SickDollar's picture

The entire world is fed up with this debt and this  economy

I feel like i live in Disneyland

 

Wed, 06/03/2015 - 14:04 | 6159915 NoDebt
NoDebt's picture

You should try The Tower of Terror.  It's nice.

Wed, 06/03/2015 - 14:08 | 6159929 CPL
CPL's picture

It's closer to the truman show and the actors don't know they are actors.  It's amazing what complex entrainment can do to an entire society.  Wiggle a note of credit, ring the dinner bell, teach them to beg, fetch, fight, etc

Wed, 06/03/2015 - 14:00 | 6159897 TomGa
TomGa's picture

Something for everyone.

Wed, 06/03/2015 - 14:00 | 6159901 Fun Facts
Fun Facts's picture

If Greece defaults the ECB/IMF lose 11 million plebs.

Wed, 06/03/2015 - 14:01 | 6159902 DetectiveStern
DetectiveStern's picture

Basic logic flow.

Any news? Yes. Buy stocks

No news? Yes. Buy stocks.

3:30pm? Yes. Buy stocks.

Slight dip? Yes. Buy stocks.

Sun shining? Yes. Buy stocks.

Rain fall? Yes. Buy stocks.

 

Wed, 06/03/2015 - 14:03 | 6159911 NoDebt
NoDebt's picture

I only buy stocks when I'm happy or sad or somewhere in between.

Wed, 06/03/2015 - 14:05 | 6159917 Bill of Rights
Bill of Rights's picture

You walk around, go inside a retail outlet, a Restaurant, people are miserable. Its fuck'ed and tiring. You turn on the idiot box and all you hear is Terrorist this and terrorist that, its absolutely insane. And yet the Cunts in DC and the FED want to me to wrap my arms around ZIRP and borrow more so they can create more dollars,

Not happening anytime soon.

Wed, 06/03/2015 - 14:05 | 6159925 HandyCrapper
HandyCrapper's picture

Should I buy stocks for my birthday? 

Wed, 06/03/2015 - 14:12 | 6159960 Black Forest
Black Forest's picture

Ask your mom.

Wed, 06/03/2015 - 14:09 | 6159941 Ajax_USB_Port_R...
Ajax_USB_Port_Repair_Service_'s picture

I keep thinking about that long term repayment schedule Zerohedge published a few days ago. If that schedule is still valid, then Greece is still doomed. And Wall Street Rises!

Wed, 06/03/2015 - 14:14 | 6159969 Goldbugger
Goldbugger's picture

BOTH statements contradict each other. NORMAL FUCKING ASSHOLES WRITING THIS NEWS.
And the sheeple believe what they want to .

Wed, 06/03/2015 - 14:16 | 6159978 Osmium
Osmium's picture

Why don't the CB's just print the money that Greece owes everyone out of thin air, hand it out and be down with this shit show?

Wed, 06/03/2015 - 14:34 | 6160053 Law97
Law97's picture

That's exactly what they're gonna do, but the EU owns the magical printing press, not Greece ...

Wed, 06/03/2015 - 17:50 | 6160767 newworldorder
newworldorder's picture

Are you sure Germany will agree to foot the bill? The EU Cntral Bank is not evern a paoer tiger, just a pass through office with a megaphone.

Wed, 06/03/2015 - 14:45 | 6160097 Sudden Debt
Sudden Debt's picture

Yeah but... could and should... but it’s not like we’re a unity or a union or something like that. 

And you only print money to give to banks in other countries, just look to the Fed in America!

Wed, 06/03/2015 - 15:16 | 6160226 MisterMousePotato
MisterMousePotato's picture

"Why don't the CB's just print the money that Greece owes everyone out of thin air, hand it out and be down with this shit show?"

Well, yes, but they want to follow the American model of printing the money, giving it to their buds, the TBTF oligarchs, but making sure that the debtors' debts remain.

For some reason, that sat okay with Americans. They're just wondering how to sell that to the Greeks.

Wed, 06/03/2015 - 14:34 | 6160054 walküre
walküre's picture

The Bund market is already bracing for default. EUR is bid on higher Bund rates.

Greece will technically default (again) but the meeting this week ensured that nobody dares calling in any CDS.

Weimar had technically long defaulted before they ramped up the printers to hyper speed. Greece may or may not have that option. Depends if they have the balls to leave the EUR and flood the Med. with Drachmas.

Wed, 06/03/2015 - 14:39 | 6160067 Sudden Debt
Sudden Debt's picture

All that is missing now are the Hobbits!

Wed, 06/03/2015 - 14:42 | 6160074 youngman
youngman's picture

Its a game to be able to print up the Euros and give them to Greece..but to not let the other member states see you do it or they will want that too...so its 300 billion here..but not 3 trillion there..that is how this game will be played out..but in the end..the 3 trillion will be 10 trillion printed...and all will be fine....except for the value of that Euro...

Wed, 06/03/2015 - 15:47 | 6160343 Benjamin123
Benjamin123's picture

You know how Greeces debtors agreed to be paid back without Greece having to pay back?

By having the greek government issue alternating threats of defaults and assurances of payments, for years. Its rigged.

Pump and dump. Its like oceanic wave energy.

 

Wed, 06/03/2015 - 15:51 | 6160355 Raul44
Raul44's picture

Only retards trade from news.

Wed, 06/03/2015 - 15:53 | 6160366 sirik
sirik's picture

No Grexit

1 nato membership

2 450 billion oil and gas reserves.

3 writeoff of 250 billion (+ 100  from succesfull bankrun)

4 Putin and China will then be the new partners.

Wed, 06/03/2015 - 17:26 | 6160687 farmboy
farmboy's picture

Simple. Bad news is good news. good news is also good news. Just like the past 6 years now.

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