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"Greece Is Rescued" Euphoria Fades After Europe's Close, Nasdaq Record Highs

Tyler Durden's picture




 

It's that time again....

 

Hope triumphed over experience (and facts) as a slow leak turned into panic buying athe European open and then again after decent housing data and the US Open... weakness hit the moment Europe closed...

 

Cash equity indices opened gap up, rallied into the EU close... Nasdaq record high close

 

Then drifted weaker into the close... (performance from EU close)...

 

Despite US equity weakness and EUR retracement, Greek stocks held gains after the European close...

 

Perhaps Taylor Swift should cost AAPL millions more often...

 

From The FOMC, long bonds are now red, stocks nicely green and Gold holding small gains...

 

Treasuries and Stocks were sold instantly the moment Europe closed...

G481

 

Leaving Treasury yields up 8-10bps on the day (with a notable 2s30s steepening)... 2nd worst day for Treasuries in almost 4 months...

 

EURUSD roundtripped to weaker... (anyone else notice the far greater instant selling pressure than buying pressure... almost as if someone wanted to ensure EURUSD stayed lower and was not contagiously dragged higher)

 

But broad-based major selling sent USD 0.35% higher on the day (as Swissy dumped)...

 

Gold was monkey-hammered (because Greece is now entirely fixed and there is no more risk) but the rest of the commodity complex clung to gains (with a meltup in Crude into the close...)

 

And as if by magic, WTI closed at $60.01 as the July Futures contract expired with a perfectly human ramp...

 

Across the asset classes...

 

European VIX collapsed 18% - the most since oct 2014...

 

Charts: Bloomberg

 

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Mon, 06/22/2015 - 16:07 | 6223073 nuclearsquid
nuclearsquid's picture

Hallelujah! Saved again!

Mon, 06/22/2015 - 16:13 | 6223084 Looney
Looney's picture

KEEP CALM

..you are

.................BEING FUCKED

Mon, 06/22/2015 - 16:17 | 6223113 Obchelli
Obchelli's picture

So I still do not get it:

Is it rescued or not?

There was no official EU statement just some official saying something on BBC...

Mon, 06/22/2015 - 16:34 | 6223186 knukles
knukles's picture

Well, did the official say they were rescued or not?
I didn't think so ergo, they might or might not have been rescued.
                        Calls for More Meetings and
                                                     Moar Cowbell!

Mon, 06/22/2015 - 16:43 | 6223211 WTFUD
WTFUD's picture

Yep Words are no longer relevant.

Mon, 06/22/2015 - 16:52 | 6223238 Doña K
Doña K's picture

The problem was in article 29. Someting about vaseline supply to the Greeks 

Mon, 06/22/2015 - 16:53 | 6223241 TBT or not TBT
TBT or not TBT's picture

The Greeks don't feel rescued.  

Mon, 06/22/2015 - 17:06 | 6223276 eatthebanksters
eatthebanksters's picture

This shit is never going to end...the troika are getting what they want and the Greek government appears to their minions to be fighting TPTB the entire time while austerity is imposed during the fight.  Its all a shitshow to keep kicking the can and the only ones benefiting are the big banks, big corporations and super wealthy...I'm pissed off and I'm a fucking conservative, wtf???

Mon, 06/22/2015 - 17:21 | 6223331 vic and blood
vic and blood's picture

No one else has said it yet, so...

Throw those deadbeat Greeks out of Europe already!

Mon, 06/22/2015 - 16:46 | 6223213 Hype Alert
Hype Alert's picture

But the market priced in the rescue.  Again.  Now that they've priced it in a couple dozen times over, what happens if they really are rescued?  

Or booted?

Mon, 06/22/2015 - 17:08 | 6223286 asteroids
asteroids's picture

It's a Charlie Brown market. You are Charlie and the boyz play Luci. Luci places the football on the ground and teases Charlie. He runs to kick   and Lucy yanks the ball away. Poor Charlie falls on his back. Excited and crushed. Up and down. That's the market.

Mon, 06/22/2015 - 17:43 | 6223432 jpariz
jpariz's picture

keep calm and read zerohedge cry wolf 

Mon, 06/22/2015 - 16:21 | 6223134 Obchelli
Obchelli's picture

So I still do not get it:

Is it rescued or not?

There was no official EU statement just some official saying something on BBC...

Mon, 06/22/2015 - 16:45 | 6223216 Bokkenrijder
Bokkenrijder's picture

KEEP CALM

..you are

.................BEING FUCKED

Yes, you're being fucked by goldbugs, doomsayers and short sellers.

Mon, 06/22/2015 - 16:52 | 6223237 MonetaryApostate
MonetaryApostate's picture

Yeah, the banks are your friend....

 

/sarc

Mon, 06/22/2015 - 17:15 | 6223309 Bay of Pigs
Bay of Pigs's picture

And what do goldbugs have to do with any of this fuckan madness?

Absolutely nothing.

 

Mon, 06/22/2015 - 16:54 | 6223243 invisible touch
invisible touch's picture

many here are....

 

being fucked.... but not by what we could usually think about.

Mon, 06/22/2015 - 16:09 | 6223078 Thisisbullishright
Thisisbullishright's picture

As VIX and UVXY go silently into the night....

No volatility any moar!

Mon, 06/22/2015 - 16:31 | 6223169 Hype Alert
Hype Alert's picture

The VIX is controlled by the Matrix.  You see what they want you to see. 

 

Stay focused.

Mon, 06/22/2015 - 16:11 | 6223088 madbraz
madbraz's picture

show me one that is not rigged...

 

$170 billion in reverse repos today.  thanks, NY FED.  just a coincidence.

Mon, 06/22/2015 - 16:12 | 6223092 Hype Alert
Hype Alert's picture

If they repeat the Greek rumor one moar time tomorrow, do we get another 100 point day? 

 

Rinse repeat.

Mon, 06/22/2015 - 16:35 | 6223095 Keltner Channel Surf
Keltner Channel Surf's picture

ETF volumes coming in a bit below avg and general horizontal pattern post 11 makes you wonder if it wasn't short safety-covering rather than new long exuberance.

Mon, 06/22/2015 - 16:12 | 6223096 Keltner Channel Surf
Keltner Channel Surf's picture

“Pre-Euphoria Dreamin’”     from “California Dreamin’”     by The Mamas & The Papas

My short funds are down, and my mood is gray
Been ridin’ inverse leverage for over 40 days
I didn’t hear them warn about the decay
Pre-Euphoria dreamin’ on a sultry summer day

Stopped in to a Schwab I passed along the way
Well, I pulled up my accounts and I began to pray
You know my broker likes the churn, he knows I'm gonna trade
Pre-Yellen dreamin’ on FOMC day

(flute solo)

All my funds are down, and my hair has grayed
Since I loaded TVIX into the wife’s IRA
If somebody tells her, I could die today
Pre-Euphoria dreamin' on such a bullish day

Mon, 06/22/2015 - 16:19 | 6223120 Keltner Channel Surf
Keltner Channel Surf's picture

removed double post

Mon, 06/22/2015 - 16:19 | 6223123 Bighorn_100b
Bighorn_100b's picture

Just check your own bank account. That's all that matters. Is your gun safe full of gold, silver, ammo, guns, cash? Out of debt? Car or truck paid off? No child support, no mortgage?

Then welcome to the bighorn club! Memberships are free. Will get kicked out of club if you have any of the above.

Mon, 06/22/2015 - 16:21 | 6223139 Oldwood
Oldwood's picture

Its no fun playing it safe.

Mon, 06/22/2015 - 17:18 | 6223320 Bighorn_100b
Bighorn_100b's picture

So are you in or out of the bighorn club? I guess your playing the Bankruptcy card. No worries, you can always join after 7-10 years. LOL!

Mon, 06/22/2015 - 16:31 | 6223172 saints51
saints51's picture

They are not as worried about the gold/silver/guns/ammo stuff. We are a problem when they have no debt on us. Yes sir we are true enemies of the state.

Mon, 06/22/2015 - 16:20 | 6223133 gatorengineer
gatorengineer's picture

What was the outcome of today?  Anythink other than extended ELA?

Mon, 06/22/2015 - 16:33 | 6223179 Rainman
Rainman's picture

6 trading days closer to the quarter end 2/20

Mon, 06/22/2015 - 16:34 | 6223188 saints51
saints51's picture

Well crude smashed 100 ticks lower from pit open. Then hung out for a few hours. Last 26 minutes before pit close- ramp a thon for about 120 ticks. These markets are just fine moving a dollar within 30 minutes. When this little commodity bubble busts(very soon) it will be really cool to watch.

Mon, 06/22/2015 - 16:21 | 6223137 NoIdea
NoIdea's picture

Not such a big divergence between European VIX and US VIX now is there? Hands up who thought it would the US moving up towards the EU and not the EU VIX collapsing.

Mon, 06/22/2015 - 16:25 | 6223150 FreeShitter
FreeShitter's picture

I love snorting coke and buying. Buy motherfuckers. I promise it's different this time.

Mon, 06/22/2015 - 16:29 | 6223164 wmbz
wmbz's picture

Let's just put the Greek snafu behind us and get on to DOW 20,000 damnit!

 

FUBAR!

Mon, 06/22/2015 - 22:48 | 6224301 Chauncey Gardener
Chauncey Gardener's picture

Just moar of the endless Kabuki theater marathon. Same as it ever was.

Mon, 06/22/2015 - 16:30 | 6223171 Latitude25
Latitude25's picture

OT:  Much more interesting than this bullshit is how AU was hammered down today whereas AG has actually risen.  There must be some extreme pressure to deliver on contracts for physical and not paper right now.  You can't build solar panels in Asia without the real thing.  Reality's a bitch.

Mon, 06/22/2015 - 16:33 | 6223182 Arthur Schopenhauer
Arthur Schopenhauer's picture

Everytime the 10Y yield goes up, the REITs sell off bigtime.

You move it to the left, yeah, and you go for yourself. You move it to the right, yeah, if it takes all night. Now take it kinda slow, with a whole lot of soul. Don't move it too fast. Just make it last. You scratch just like a monkey. Yeah ya do, real cool. You slide it to the limbo. Yeah, how low can you go? Now come on baby, come on baby! Don't fall down on me now. Just move it right here to the Harlem Shuffle. Huh, yeah, yeah, yeah, do the Harlem Shuffle.

Mon, 06/22/2015 - 16:38 | 6223204 JamaicaJim
JamaicaJim's picture

Rescued from what exactly?

Freedom?

Debt?

Tyranny from banksters and political criminals?

NO....

anyone swallowing that phrase needs to be taken out and slapped hard...about 4,342 times

Mon, 06/22/2015 - 16:47 | 6223217 The Delicate Genius
The Delicate Genius's picture

of topic, but

http://www.nytimes.com/2015/06/22/opinion/the-fantasy-mr-putin-is-sellin...

only had to read three comments to enjoy a hitler reference.

2 of the first three complained of "Russian trolls."

The Times piece, for its part, mentioned Russia "pouring" troops into Kalingrad, but neglected to mention that the US had ":poured" troops into Poland and the Baltics first.

Typical.

I mean jeebus - they really do want world war three, dont they, or at minimum a profitable cold war 2.0?

ah - 5th one down mentioned neville chamberlain and complained of Rusian trolls.

Seems state dept trolls, if trolls really do exist, are far, far more prevalent.

and redundant.

EDIT: seriously, if interested - go down the comments section. of the first ten about half complain of kremlin/rusian trolls - meaning anyone disagreeing with the times anglo-zionist/neocon narrative.

Alas, the New McCarthyism!

Mon, 06/22/2015 - 17:34 | 6223387 TeethVillage88s
TeethVillage88s's picture

State Agent Nazis.

But I have local people that are pretty much assholes like that.

Mon, 06/22/2015 - 17:40 | 6223416 vic and blood
vic and blood's picture

I looked at that. Thanks for the link. Every story on that page is politically correct enough to make one ill, for that matter.

I see some white supremacist 'mentor' is being scrutinized in the Charleston church massacre. It seems so easy and automatic to place vicarious liability on the far right. Why do no leftist 'mentors' ever get sued or charged for encouraging thugs to act out against caucasians?

Mon, 06/22/2015 - 16:47 | 6223221 falak pema
falak pema's picture

Lady Lagarde and Schauble want their pound of greek flesh. 

Now the ball is in the court of Mutti; last train to gunhill for Syriza !

 

Mon, 06/22/2015 - 16:49 | 6223232 WTFUD
WTFUD's picture

I wish to take a contrarian view here and say the EU/ECB and Associated Chiselers are doing a mighty fine job of bamboozling us.

Mon, 06/22/2015 - 17:02 | 6223266 invisible touch
invisible touch's picture

funny to see how you almost all here are waiting for something that has not be designed to be possible.

 

Mon, 06/22/2015 - 18:35 | 6223282 Md4
Md4's picture

Today's unofficial announcement about an apparent "rescue" may simply be more fog...or it may not.

What's important is the inevitability of the situation.

No matter what happens, these seem to me to be the intransigent facts (they will not go away):

Greece is a member of a deeply flawed, and unnecessary "union" that is clueless about dealing with the overarching effects of western corporate outsourcing. Those effects more than linger; they are intensifying, and additional debt is not repairing 40-years of damage. If anything, central bank policies have exacerbated those painful effects, even as they continue to warp and bubble the economic remains of 2008, while selling those disfiguring effects as "recovery".

Yet, they do not stop.

Greece is broke, and essentially has no positive GDP growth to look forward to without genuine recovery in its neighbors, and beyond. It depends on tourism and the like, and would-be consumers of those services are themselves income-challenged and unable to spend into that market. Greece will not be able to repay what it owes for a very long time, if ever.

That's just the way it is, and it's not entirely Greece's fault either. While already-weak state economies may succumb to the aftermath of 2008 somewhat faster, they are by no means alone. If this mess isn't rectified soon, many more, including us, will join them.

Greece applied for, and was granted membership in, a harebrained Union, with full knowledge of its social spending history. It did NOT make this decision--the EU did.

Either this "union" has functional purpose, or it doesn't. If it does, it seems to me that it also accepted responsibility to carry the parts for benefit of that purpose, even if tough times makes that difficult. If one part seems an unnecessary burden to the rest, then perhaps, the so-called "sacred Union" itself is a burden, and unnecessary to the rest of the world. Suppose the world chose to make THAT call?

There is nothing affecting Greece that is not also affecting the rest of the globe. There are only differences in degree, and in many cases, not that great a degree (witness disparity in U.S. locales such as Detroit, Baltimore, and states like California, Mississippi, and New Mexico). Others here aren't far behind.

How about there (PIIGS)?

Outsourcing fatally damaged western economies, while governments blessed these with trade agreements and zero commitment by those outsourcing western middle class wealth creation, namely, greedy western corporations. The EU, like the rest of the west, didn't do a goddamed thing to stop them, nor to hold them accountable for retraining workers kicked aside, nor for reseeding domestic economies to grow new crops of jobs-producing manufacturing and domestically-used R&D. They did nothing to stem the jobs flow abroad, and didn't even take a further look down the road to see the inevitable consequences of their duplicity (seemingly serving the people and an incompatible corporate bonsai charge out of the country at the same time).

Now, instead of taking steps necessary to begin turning this all around (though futile at this late stage), the wounded worker, vis a vis their GDP-strained state, is tormented by the greater Union, and required to reinvent THEMSELVES (relatively instantaneously) in spite of what's been done to them, and so many others...

Workers pensions are threatened, while the effect of stock buybacks stuff corporate fat cats with unearned bonuses.

That's some gall, when you think about it.

And what are those outsourcing corporations being beaten up for?

As usual...not a damned thing.

m

Mon, 06/22/2015 - 19:04 | 6223668 JR
JR's picture

The outsourcing of America is deliberate, as was the gutting of post-perestroika Russia. It is the fate of any nation that plays host to parasitic-banker-control of its currency. 

Once one understands that it is deliberate, the not so understandable becomes understandable, i.e., why zero interest rates for savers and 14.95% average credit card interest rates for bankers, why 5 million jobs are lost and borders remain open (23.1% Shadowstats unemployment), why the student loan debt for the average borrower in the college class of 2014 is $33,000, why the greatest source of wealth for 63% of Americans, the value of their homes, nationwide is undervalued by 2 percent (according to Trulia) while stock market largesse soars out of bounds for the 1% on Fed money created out of nothing… 

Russia, pre-Putin, is a case study on how a “’semi-criminalized oligarchy’ made ordinary Russians’ suffer unduly and unjustly (Stephen Cohen).”

After the fall of Communism, Russia’ most prized assets were sold off to a small circle of vultures later known as oligarchcs – for a fraction of their value. The same has happened in the United States via hostile takeovers and mergers, a process enabled by largely Jewish ownership of and open access to the currency – the Fed and the U.S. Treasury.

This allowed the Wall Street trend of mergers and acquisitions that began in the 70s whereby primarily Jews became expert in taking over companies against the will of their existing executives.

This hostile takeover of corporations then resulted in the outsourcing of the means of America’s production and jobs  -  her manufacturing and corporate base – exclusively for the benefit of Wall Street.

Jewish Russian immigrant in New York, novelist Edward Topol (whose work was once banned in Russia), explains the results of the capturing of a nation’s means of production by those hostile to the nation and its people.

Topol in a published letter he wrote to a Russian weekly newspaper, “called prominent Jewish Russian bankers ‘puppeteers' who manipulated Russian politics and its economy. The puppeteers, he concluded, have ‘a very long Jewish last name -- Berezovsko-Goussinsko-Smolensko-Khodorkovsko, etc. ... How come all or almost all the money in this country ended up in Jewish hands?’ Topol also called the economic crisis in Russia today [2002] a ‘Jewish tragedy.’ Mr. Topol's main premise, ‘noted the (Jewish) Forward, ‘is that for the first time in a millennium, Jews have gained real political power and financial control over Russia and can pretty much decide whether to 'cast the country into a chaos of wars and poverty or raise it from the mud.'" [KRICHEVSKY, Emigre's, p. 5; KAZAKINA, p. 5

http://www.radioislam.org/thetruth/capitalists.htm

http://www.doctorhousingbubble.com/southern-california-real-estate-bubble-austin-texas-bubble-territory/#commen

This supports Counterpunch’s Jeffrey Blankfort’s position in “The Israel Lobby and the Left”:  “Jews played a central role in American finance during the 1980s, and they were the chief beneficiaries of that decade’s corporate mergers and reorganizations.”

As such, they are the chief beneficiaries of the outsourcing of America.

Mon, 06/22/2015 - 20:22 | 6223808 Md4
Md4's picture

This hostile takeover of corporations then resulted in the outsourcing of the means of America’s production and jobs - her manufacturing and corporate base – exclusively for the benefit of Wall Street."

I've heard your argument many times before, and while some of the mechanics may be historical fact (for example the post-Soviet wealth grab), it breaks down for me in its motive, beyond the amassing of wealth.

I sometimes think even the oligarchs are kicking themselves for taking too much. In fact, I've begun to hear fear in some billionaires of late, expressing concern for the unprecedented concentration of wealth they participated in creating, and benefitted from.

This is the toxic trap that is outsourcing, and I believe, NO thought was given to the true endpoint of this shortsighted corporate greed play: namely, the erosion of your customer base in the sourcing economies. Without jobs that provide income growth, there is no growth in consumer spending beyond (mostly easy and ultimately unserviceable) credit growth. Legitimate credit worthy consumers are tapped out, and the rest are still debt ridden and unable to access credit without more pre-2008 games, which is rumored to be rejuvenating here and there...

Bottom line, unless there are maniacal reasons (illogical; these people MADE their money on our frenzied spending) for impoverishing former customers, arguments about corporate takeovers-just-to-destroy-whole-economies... makes no sense. Wall Street is screwed up in a myriad of ways, but not this one.

This was an inside job once great hordes of Asian labor became available for slave wages, without tax burdens and environmental shackles. The bastards couldn't help themselves...

BUT...OUR representatives should have demanded much more for US in that deal than they did. Instead, they facilitated it with very few raising much hell. A lot of us didn't either. Now, we're broke and checkmated, as there is NO way to undo this.

While a collapse IS imminent, it will not be therapeutic without MAJOR changes in OUR thinking, individually AND collectively. Without a new recipe, the dish remains the same, and we may have to burn the kitchen down first to get that.

In the meantime, we're the like the ground and stormy air just before a lightening strike: charging up for a big crash of stored energy (resentment), and a huge clap of thunder...

I'll guarantee you those oligarch billionaires aren't starting to worry for nothing.

m

Mon, 06/22/2015 - 20:54 | 6223985 JR
JR's picture

The globalists want an international work force that they can govern and control – corral and rule with a whip. That is why the globalists are displacing American workers with imported low-wage labor, IMO……all under the protection of a bought-out US Congress and the United States Marines.

That is why Obama and Paul Ryan are pushing Fast Track.

However, I do believe as you do, that they are trapped whether or not they know it. But it’s kind of a hard sell that most of these oligarchs are worried; the owners of the Fed are worried. But does Sheldon Adelson look worried? Is he pulling back? These people are monsters. We’ve had one or two billionaires writing columns on how guilty they feel…but, in general, the Fed just keeps pumping and the oligarchs just keep on taking.

If they are worried, as you say, let them give back what they have taken; or is it that they are only worried that they will lose what they’ve taken?

It was Henry Ford and our Founders who built the American dream; it is Mayer Amschel Rothschild and his Fed (“Let me issue and control a nation’s money and I care not who writes the laws.”) that is destroying it.

It was Henry Ford who first announced he would “innovate the greatest revolution in the matter of rewards for his workers ever known to the industrial world.”

And then he delivered, doubling his workers’ pay from an average wage of $2.34 to $5.00 per day and at the same time reduced the 9-hour shift to 8 hours – during a recession.

The Model T which could be bought for $850 in 1908 went for $360 eight years later. Said Ford, “Every time I lower the price a dollar, we gain a thousand new buyers."

Ford’s Model T sold fifteen million before it was dropped in 1927.

If they are worried, let them deliver, as Ford delivered.

Thanks for your excellent material! More material like yours and I, too, will "guarantee you those oligarch billionaires aren't starting to worry for nothing."

Mon, 06/22/2015 - 17:10 | 6223293 Arthur Schopenhauer
Arthur Schopenhauer's picture

You're pushin' too hard, pushin' on me. You're pushin' too hard, what you want me to be

You're pushin' too hard about the things you say, You're pushin' too hard every night and day

You're pushin' too hard, Pushin' too hard on me (too hard)

Well all I want is to just be free, Live my life the way I wanna be

All I want is to just have fun, Live my life like it's just begun

But you're pushin' too hard,

Pushin' too hard on me (too hard)

Mon, 06/22/2015 - 17:25 | 6223346 TeethVillage88s
TeethVillage88s's picture

Very Tribal like.

I liked it in Air America. Never saw the Seeds before. Good name.

Mon, 06/22/2015 - 17:26 | 6223340 yogibear
yogibear's picture

Anyone really surprised?

What about bailing out the rest of the PIIGS?

Austerity-Free bailouts for Ireland, Spain, Italy and Portugal as well!!!

 

Once you supply free ice cream to one Euro-kid you'll have to supply the rest. 

Mon, 06/22/2015 - 17:31 | 6223374 TeethVillage88s
TeethVillage88s's picture

I didn't realize that some of those got IMF or Troika Assistance. This bit of fluff had a little summary at the end.

http://www.theguardian.com/business/2015/jun/20/spains-improving-economy...

Cypress/Cipriots stand to be hurt from Greece Debts still too. And they got the Bailin. No one talks about Argentina and Venezuela this week, but they might be in big trouble still. Brazil?

When USA crashes, we will take the global economy down all over again anyway.

Mon, 06/22/2015 - 17:24 | 6223342 sirik
sirik's picture

Greece rescued....?

Of course.

Obama, the boss of Merkel, ordered his EU personnel to keep putin out... ... Greece in.

Jeb! or hillarious would do the same.

I mean they too have the same boss.... as Merkel and Cameron..

Mon, 06/22/2015 - 17:49 | 6223451 Crocodile
Crocodile's picture

Does any of this really matter? The answer is....NO!  War, real war will be the future and is only a question of when, not if.  They must get the US citizenship to come together for a "prefabricated cause", which will mean a very serious "9/11" type event to blame squarely on either Russia or China; possibly both.  Foolish people elect fools to rule over them and then complain about the predictable outcomes. 

Mon, 06/22/2015 - 18:20 | 6223544 mendigo
mendigo's picture

One of the methods of perception control is to distract with the daily and minute by minute trivial machinations and gossip. On a larger view the trend in the broad market speaks for itself. The cb's are backstopping everything as if thier villas depend on it - so they can tolerate no freedom in the market. Why the talk of market response as if any volatility would be allowed. What the s&p is showing is the result of continued steroid therapy - shrinkage.

Mon, 06/22/2015 - 18:29 | 6223573 bid the soldier...
bid the soldiers shoot's picture

 

Just A Minute

 

So Tsipras told Draghi that he would try to sell Troika's position to the Syriza party.  Draghi said 'okay'.  And Nasdaq made an all time high.

Sounds like post 2008 regular order to me.

Somebody's can got kicked down the road.

Over the next few days your mission is to see who's walking funny and holding his hand on the butt crack of his pants. 

We'll get to the bottom of this before the WSJ.

Mon, 06/22/2015 - 19:14 | 6223691 ramgold2206
ramgold2206's picture

I'm so fed up with all this EU bullshit...Ireland took the opposite direction to Greece yet the problems remain (just under the surface). The euro project is doomed but it will limp on for years crisis after crisis.

Reading ZH convinced me to own gold to try remove myself from this madness as best I could but like nearly everybody I had F..K all extra cash to convert into bullion.

6 months ago I had no cash and no gold and a shed load of credit card debt.. Now I have some of cash,,, a few ounces  of gold... and I'm rid of the credit card debt..all from reading Zero Hedge and its commentators and using that knowledge to find a way!!! thanks guys I owe you.

If you find yourself in the same position as me and you're willing to try your hand at network marketing, you could use the commissions earned to acquire gold bullion from Karatbars. May not be for everybody and I not pushing it on anyone but it's another option for you and its working for me.

if you're interested in what is a Genuine opportunity visit  www.teamramgold.com my own site - email me for full training.  

Mon, 06/22/2015 - 20:00 | 6223826 aztrader
aztrader's picture

The central banks are buying the markets to give the facade that everything is both wonderful and believable.   More BS to hide the economic reality...........

Mon, 06/22/2015 - 20:09 | 6223850 JoWazzoo
JoWazzoo's picture

VXX - new record low

IWM - new record High

 

Wonder what the ,arkets will do when Greek situation is actually announced?

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