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Even The Algos Aren't Convinced By The Latest Greek Deal Rumors
You know it's bad when on an illiquid Friday, a Greek Deal Rumor headline only manages a measly 5pt ramp in the S&P 500... Wolf cried just one too many times? Wednesday saw 25 point vertical ramp on the same headline...
Same old same old...
- *GREEK OFFICIALS TO BE SENT TO BRUSSELS SATURDAY FOR TALKS: GOVT
- *GREEK GOVT SAYS DEAL WITH CREDITORS IS CLOSER THAN EVER
Charts: Bloomberg
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The Dax went nuts though
ES Rollover may be keeping a lid on it today.
Perhaps the algos are convinced. Silver back under $16.
Can, meet foot... again.
I predict that within days of a resolution, the FED will announce a rate hike schedule.
to commence depending upon data
Or maybe correlation is not really causation ... just an excuse.
Yellen is more likely to hike her underwear than rates !
Neither correlation nor causation apply in a turd floating contest......
Sheese. I'm never eating a gyro again....
There is a rumor/theory circulating throughout the FX underworld, according to which the Greeks are purposefully coming with such headlines in order to make some money in the FX market! Meaning they are placing their orders and later are coming out with the story and headlines capable to move the markets!
Can't say if could even be possible, but it sounded like an interesting theory. Probably just bulshit!
Have a great weekend, everyone!
hroerekr
A Greek Bankster trying to save his own skin, ya can see that.
Passion play. Always a last minute Eurocrat deal. Count on it.
The Eurocrats have to keep their membership the same or ever increasing.
Club Eurocrat maintains their lifestyle at any cost.
The German politicians will be tossed under the bus, Greek politicians know this. EU at any cost, thats what they all signed up for. Now its time for Germany to pay the price.
stop referring criminal, manipulative market practices as being conducted by "algos". people are doing this, people who are not supposed to be above the law, even if they think otherwise.
there are no "algos", there are criminals
"I waiting for the man, $26 dollars in my hand, up to Lexington 125, feel sick and ditry, more dead than alive"
Lou
" But the pusher don't care. Ah, if you live or if you die. God damn, The Pusher"
Hoyt
How do you convince an algo? Just asking.