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Greece... Mattered: Surveying The Carnage

Tyler Durden's picture




 

Greece... mattered!!

 

The market be like...

*  *  *

It began as FX markets opened ugly in early Asian trading, but once stock markets started to open, the focus shifted there...

Japan spanked... Nikkei 225 down 730 points from Friday's close...

 

China collapsed...

 

When Europe opened it was ugly in stocks...

 

And bonds... European spreads exploded - biggest risk increase in 7 years...

 

But The Swiss National Bank did its best to sell Francs and buy EURs to make it all appear "contained"... Which squeezed EURUSD all the way into the green... a 325 pip ramp!!!

 

And the Sudden "hand of God" move in EUR around 1340ET

 

While Greek stock markets were closed, their bonds were not.. .and carnaged 420bps higher to 15.10%...

 

And stock ADRs and ETFs traded in the US:

  • EUFN - European Financials, down 4% - broke below its 200DMA
  • NBG - Nation Bank of Greece, down 26% on record volume
  • GREK - Greek Stocks, down 18% on record volume

 

*  *  *

In The US, the initial carnage dip was bought with gusto but that ramp failed and by the close we were testing new lows...

 

Trannies managed to get back to unchanged before plunging...

 

Cash markets were a one-way street from just after the open...

 

Financials hammered!!

 

Post-FOMC: Bonds best, Gold glitters, but Stocks stink...

 

Leaving The Dow red and S&P unch for the year...

 

All major indices broke significant technical levels today...

 

VIX surged to 19.00... (from 11 handle last Tuesday)

 

As the 50.98 million share short of the 63.9 million outstanding in VXX suffered greatly... above 20 to 7-week highs on massive volume

 

The last time VXX rose more than 14% in a day was 913 trading days ago (more than 3 years ago on November 9, 2011) and Bernanke bailed out Europe

 

VIX term structure inverted once again...

 

Treasury yields plunged as a near-record short position felt the squeeze... this was the best day for 10Y yields since January

 

The dollar tumbled as the manipulated EUR surge "proved" there was nothing to fear... USDJPY did not play along wioth the manipulation.

 

Gold held onto gains but copper, silver and worse Crude (down 2.4%) all slide despite the USD weakness...

 

*  *  *

Oh and then there is Puerto Rico collapsing...

 

And Bitcoin is surging...

*  *  *

Amid all this with stocks down just 3% from their highs... The Fear & Greed Index collapsed to just 12!!!!

 

 

But apart from that...

Charts: Bloomberg

 

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Mon, 06/29/2015 - 16:03 | 6250984 ted41776
ted41776's picture

meh

Mon, 06/29/2015 - 16:05 | 6250990 InjectTheVenom
InjectTheVenom's picture

can't someone come up with a cute new trendy hashtag or something to save us ? ! ?

Mon, 06/29/2015 - 16:09 | 6251014 NoDebt
NoDebt's picture

John Hilsenrath summarizes Fed meetings in mere minutes after their release.  Tyler summarizes the entire's days' market events 2 minutes after the close with full-color graphs, witty quips and even some youtube videos.

I'm not sayin' nothin'.  I'm just sayin'.

It is nice to see the return on the deer, though.  They've been away too long.

Mon, 06/29/2015 - 16:10 | 6251023 Winston Churchill
Winston Churchill's picture

Leave Tyler Hilsenrath alone you bully.

Mon, 06/29/2015 - 16:12 | 6251032 nuubee
nuubee's picture

Cmon guys, we have to at least be self-consistent. We can't laugh every day at what passes for a market these days, and then think that a major selloff demonstrates that something "mattered"....

 

We have no markets, so the selloff is meaningless until certain, shall-we-say, less-ideal assets start to move.

Mon, 06/29/2015 - 16:17 | 6251055 James_Cole
James_Cole's picture

This one matters, weird shit has been going on for past few months. Tyler is a bit boy who cried wolf but this looks real, see how they can paper over it..

Mon, 06/29/2015 - 16:19 | 6251072 jefferson32
jefferson32's picture

I recommend this great 2012 piece by Peter Shiff's Europac. Disconcertingly prescient on the current Syriza/ECB-UE standoff.

What if Greece Just Printed the Euros It Needs?

 

Mon, 06/29/2015 - 16:35 | 6251126 ZerOhead
ZerOhead's picture

The Schiff family is always very prescient. They married into the Rothschilds after all.

Of course then $20 million in gold that Jacob Schiff allegedl provided the Bolsheviks when he was the head of Kuhn and Loeb never gave him any return. I wonder why he hated the Czar so much? I'm sure it had nothing to do with the Czar not wanting a Rothschild bank on his soil...

https://en.wikipedia.org/wiki/Jacob_Schiff

 

Mon, 06/29/2015 - 16:36 | 6251146 InjectTheVenom
InjectTheVenom's picture

>>>>  Jim Rickards

>>>>  Peter Schiff

Mon, 06/29/2015 - 16:51 | 6251181 ZerOhead
ZerOhead's picture

Come to think of it Peter's idea to just print the banknotes makes a great deal of sense. After all... the Greek debt was just created out of thin bankster air to begin with anyway.

And since every Euro note has a code letter indicating which nation printed it I strongly suggest the Greeks change their alotted "Y" to the German "X" when printing.

As they say... the "X" (Deutsche)marks the spot.

http://www.eurotracer.net/information/notes.php

Mon, 06/29/2015 - 17:09 | 6251315 Lore
Lore's picture

>>>> Neither

Mon, 06/29/2015 - 20:43 | 6251451 Automatic Choke
Automatic Choke's picture

saved my ass on that pile of VIX 17 july calls i was ready to write off......   i'll wait for tomorrow's "happy ramp" to roll them off to fall i guess.

Mon, 06/29/2015 - 17:46 | 6251456 Mr. Magoo
Mr. Magoo's picture

Since everyone is predicting the collapse in September I think the elite are deciding to accelerate it to prove everyone wrong

Mon, 06/29/2015 - 17:43 | 6251445 Ms No
Ms No's picture

Hah, Schiff's son Mortimer was a banker and a leader for the Boy Scouts of America..... that couldn't have been good.    

Mon, 06/29/2015 - 16:21 | 6251078 KnuckleDragger-X
KnuckleDragger-X's picture

And this is only Monday. We're gonna go full Rod Serling this week......

Mon, 06/29/2015 - 16:25 | 6251101 dimwitted economist
dimwitted economist's picture

i openly admit i HATE the Fucking stock market... (Always have) but, these last few years... the shit is Beyond Weird.

Mon, 06/29/2015 - 16:41 | 6251162 Paveway IV
Paveway IV's picture

Captain: What happen?

Mechanic: Somebody set up us the bomb.

Operator: We get signal.

Captain: What!

Operator: Main screen turn on.

Captain: It's You!!

IMF: How are you, gentlemen!! All your base are belong to us. You are on the way to destruction.

Captain: What you say!!

IMF: You have no chance to survive make your time. Ha Ha Ha Ha ....

Operator: Captain!!

Captain: Take off every "euro"!! You know what you doing. Move "EU". For great justice.

Mon, 06/29/2015 - 16:58 | 6251268 Agent P
Agent P's picture

WTF?

Mon, 06/29/2015 - 17:11 | 6251327 El Vaquero
El Vaquero's picture

The following video explains it:

https://www.youtube.com/watch?v=rfMC2aVhYuo

 

It's from a bad Japanese to English translation.

Mon, 06/29/2015 - 17:42 | 6251442 Theosebes Goodfellow
Theosebes Goodfellow's picture

And this: (which was the catchy little musical bit to it, (so to speak):

https://youtu.be/8fvTxv46ano

Mon, 06/29/2015 - 17:35 | 6251416 spdrdr
spdrdr's picture

Google "all your base are belong to us", and your query will be answered.

It is a very old Internet meme, which youngsters today simply don't know about.

 

Mon, 06/29/2015 - 18:21 | 6251588 MayIMommaDogFac...
MayIMommaDogFace2theBananaPatch's picture

ALL YOUR BASE ARE BELONG TO US!

Mon, 06/29/2015 - 19:02 | 6251758 El Crusty
El Crusty's picture

ALL YOUR ASSETS ARE BELONG TO US!!

that will be the message from every central bank for the next few months/years/decades....

Mon, 06/29/2015 - 17:52 | 6251476 Not Too Important
Not Too Important's picture

They can print to infinity, but it won't buy faith and trust.

It's over.

Mon, 06/29/2015 - 18:31 | 6251632 ATM
ATM's picture

It will however buy time.

Mon, 06/29/2015 - 19:00 | 6251749 Bangin7GramRocks
Bangin7GramRocks's picture

Good point. Those charts look scary, but are not that big of a deal. One rumor of a new deal will rocket all these "markets" back to new all-time highs. I'll wait just a bit on the hyperbole.

Mon, 06/29/2015 - 16:16 | 6251033 Pool Shark
Pool Shark's picture

 

 

Tyler had plenty of time to survey this slow-motion trainwreck.

Markets spent the entire afternoon augering in.

[S&P 500 now down for the year...]

 

[PS: Since when is a 3.7% increase in BitCoin over a 3-day period considered a 'surge?']

 

 

Mon, 06/29/2015 - 16:48 | 6251217 vexrizor
vexrizor's picture

It's not a "surge" at all. It's just exaggerated language commonly used by the people who write these commentaries.

Mon, 06/29/2015 - 18:01 | 6251514 IRC162
IRC162's picture

Where's Satoshi?  He'll have you worshipping Bitcoin, hatin' the USA,  and wishing you were ex-patting in CN too.....I wonder how well he is blending in to his surroundings....hmmmmmm

Satoshi - do you copy - over

Mon, 06/29/2015 - 16:22 | 6251081 ZerOhead
ZerOhead's picture

Is your goal is to protect your family or try to make money?

If you hold a physical PM or an asset that will have value when TSHTF you will still have the metal or asset 100% until the cops come and take it away from you.

If you hold bitcoin when TSHTF then you may have something after TSHTF to buy a physical PM or an asset that has value.

Tough call...

Mon, 06/29/2015 - 16:29 | 6251120 Money Boo Boo
Money Boo Boo's picture

how is something that relies on the electrical grid, an owned and controlled encryption and 0's and 1's an asset?  It's a phantasmagorical unicorn of skittelisious proportions

Mon, 06/29/2015 - 16:33 | 6251132 TideFighter
TideFighter's picture

logged in to give you +1

Mon, 06/29/2015 - 16:47 | 6251158 VinceFostersGhost
VinceFostersGhost's picture

 

 

Herh heh.....me too.... +1

Mon, 06/29/2015 - 17:19 | 6251359 Implied Violins
Implied Violins's picture

+1's for +1-ing

Mon, 06/29/2015 - 17:42 | 6251443 new game
new game's picture

=2

Mon, 06/29/2015 - 17:18 | 6251352 itchy166
itchy166's picture

The same as a US dollar, except you can't just add to it on a whim...

Mon, 06/29/2015 - 20:38 | 6251974 qomolangma
qomolangma's picture

I wanna frame your lines into a nice quote, perhaps something goes like this :-)

"Bitcoin, or any internet coin or so-called crypto-currency: some newly coined material in the 21st century that relies on the electrical grid, an owned and controlled encryption and 0's and 1's and taken as an asset." - MoneyBooBoo

 

Btw, what is "skittelisious", dig around but can't locate it

Mon, 06/29/2015 - 16:41 | 6251176 Captain Debtcrash
Captain Debtcrash's picture

I agree, and I hold about 200x the dollar amount of PM's as bitcoin.  I have railed against bitcoin here. But I am humble enough to admit I don't know it all and bitcoin seems to have stabilized nicely after the bubble.  I would just have a hard time calling the economy and PM's not work out quite as well as expected.  After the watching bitcoin react well in these little hiccups  its worth a small allocation, just in case. 

Mon, 06/29/2015 - 17:01 | 6251253 ZerOhead
ZerOhead's picture

Warren Buffet avoided the Tech bubble crash because his policy was to never invest in something that he didn't understand.

If you really hold 200X the amount of PM's you own in Bitcoin you are in need of an immediate CATscan. Call 911 NOW.

Say what you want about Warren but those are wise words...

Mon, 06/29/2015 - 17:55 | 6251483 Not Too Important
Not Too Important's picture

Didn't he try to go all in with the purchase of GeneralRe, and got rebuffed? And if he had bought it, he would have lost everything.

That episode gets lost in the noise.

Mon, 06/29/2015 - 18:21 | 6251586 Captain Debtcrash
Captain Debtcrash's picture

No, I own much more in physical precious metals than I do in bitcoin, about 200 times, but I do have a small allocation to bitcoin.  I still think there could be many flaws in the crypoto currency but I don't know for a fact so I think a small allocation considering how it has reacted thus far is reasonable. 

I wonder if part of the reaction of those who hate bitcoin is because they don't own any and thus hate to see it do well. I have argued against bitcoin on some levels but see some of the positive attributes as well.  I can't stand the commentators and financial advisors who say that the proper allocation to precious metals is zero. Are you sure that your bias against bitcoin isn't rooted in the fact that you don't own any, much like those who don't own PM's?  Anyone who completely avoided tech because they didn't understand some aspects of it were shutting their portfolio to great gains by the way. 

I'm fine with losing my investment in bitcoin, it is a speculation and I see many ways it could go to zero.  But I would have a hard time forgiving myself for not getting in when I saw a glimmer of possibility in the crypto currency.  Do I think it has vulnerabilities?  Yes. Is that enough to make an absolute conclusion that I should not own any, no.

I own precious metals, cash and equities, which I'm sure you do too.  To give bitcoin a fair shake in assessing it you need to own some and do some research.  Go on coinbase, buy 100 bucks worth.  That's it, that's all it will take to change your psychology and put it on an even field with the aforementioned assets. It will help you do proper unbiased research. It did for me, and though I am certainly not a crypto currency convert, it has changed my perspective. 

Mon, 06/29/2015 - 18:48 | 6251701 Shibumi2
Shibumi2's picture

Its interesting to me that the BITCOIN is being promoted because it is supposedly anonymous (which it certainly isn't ) whereas no one is fighting the planned demise of paper fiat (which certainly IS anonymous).

 

Goes to show you what passes for logic today

Mon, 06/29/2015 - 20:40 | 6251959 Captain Debtcrash
Captain Debtcrash's picture

I don't think bitcoin is anonymous.  There are a few possibilities with bitcoin, it was created by a malevolent government, as say, an E Dollar beta test, it was created by a benevolent govt (Greenspan good guy argument), it is what the believers think (a strike of genius programming) and still fails, or it is what the believers think, succeeds, and changes the world of finance (slim chance but we have seen some amazing technology).  None of these seem like too much of a risk for a small allocation, particularly if you're not using it for nefarious reasons, but if you don't hold any and it ends up being the best protection against a well known, at least in these circles, debt based monetary collapse you might really kick yourself.  To each their own.

Mon, 06/29/2015 - 18:48 | 6251702 Shibumi2
Shibumi2's picture

Its interesting to me that the BITCOIN is being promoted because it is supposedly anonymous (which it certainly isn't ) whereas no one is fighting the planned demise of paper fiat (which certainly IS anonymous).

 

Goes to show you what passes for logic today

Mon, 06/29/2015 - 16:46 | 6251207 jmcwala
jmcwala's picture

And who knows when TPTBs will outlaw Bitcoin. Just saying.

Mon, 06/29/2015 - 16:56 | 6251258 Captain Debtcrash
Captain Debtcrash's picture

I agree there are plenty of things that make bitcoin suspect. 

Mon, 06/29/2015 - 17:10 | 6251321 Money Boo Boo
Money Boo Boo's picture

there are a multitude of "things" that make bitcoin suspect therefore anything more than zero things that make it suspect make it a fools errand to chase. Hence there are a lot of fools.  Bitcoin is a knowledge arbitraged ponzi scheme, nothing more, nothing less.

Mon, 06/29/2015 - 18:26 | 6251605 MayIMommaDogFac...
MayIMommaDogFace2theBananaPatch's picture

And who knows when TPTBs will outlaw Bitcoin. Just saying.

Or make private ownership of PMs illegal?  Who will you sell to?  Better call Saul!

Mon, 06/29/2015 - 17:36 | 6251424 LawsofPhysics
LawsofPhysics's picture

LOL!!!  Unless you live on your own private island with good security and the ability to feed yourtself for years, finance and "the cops" are going to be the least of your concerns!  LOL!!!

Mon, 06/29/2015 - 23:04 | 6252601 ZerOhead
ZerOhead's picture

Actually I have 1 and 3/4 private islands. I'm letting the bears and the bugs provide my security for free.

Mon, 06/29/2015 - 16:24 | 6251096 T-NUTZ
T-NUTZ's picture

.gov talking point

Mon, 06/29/2015 - 17:51 | 6251470 malek
malek's picture

And don't forget to also get a few Dogecoin, Sagecoin, ReggieCoin and so on...

Do you also play every lottery each week?
Remember: you gotta be in it to win it!

Mon, 06/29/2015 - 16:14 | 6251040 espirit
espirit's picture

#FuckTheBanksters

Mon, 06/29/2015 - 16:33 | 6251133 Fun Facts
Fun Facts's picture

funny how gold was nearly unchanged.

Why do they even keep up the charade of a "gold market" ?

Of course if they were honest [which they aren't] they would just say they've pegged it to the dollar, at least until the fucksters run out of the real thing.

Mon, 06/29/2015 - 17:47 | 6251458 Automatic Choke
Automatic Choke's picture

<shrug>....   if they keep using paper to push physical low, i'll keep stacking physical.  ain't gonna do no worse than cash or a CD....

 

Mon, 06/29/2015 - 16:15 | 6251042 negative rates
negative rates's picture

Would that be a Booker T, Jonnie? Or a senoir moment Jonnie?

Mon, 06/29/2015 - 16:08 | 6251015 El Vaquero
Mon, 06/29/2015 - 16:13 | 6251036 Anusocracy
Anusocracy's picture

Where's the organ-grinder?

Mon, 06/29/2015 - 16:59 | 6251275 tc06rtw
tc06rtw's picture

 
 … grinding his organ.

Mon, 06/29/2015 - 16:19 | 6251070 agstacks
agstacks's picture

#SaveOurMarkets

Mon, 06/29/2015 - 16:27 | 6251113 two hoots
two hoots's picture

The Wealth Effect is becoming the Wealth Defect. 

 

Mon, 06/29/2015 - 18:31 | 6251630 Tall Tom
Tall Tom's picture

#DestroyOurMarketsAsTheyAreFraudulentAndCorrupt

Mon, 06/29/2015 - 16:49 | 6251225 inevitablecollapse
inevitablecollapse's picture

#blackmarketsmatter

Mon, 06/29/2015 - 17:09 | 6251313 Maryjane
Maryjane's picture

How about this one:

#civil disobedience

Mon, 06/29/2015 - 18:53 | 6251724 e_goldstein
e_goldstein's picture

#greekliesmatter

Mon, 06/29/2015 - 19:20 | 6251821 Semi-employed W...
Semi-employed White Guy's picture

#bringbackourgoldstandard

Mon, 06/29/2015 - 16:46 | 6251168 ajax
ajax's picture

 

 

Just want to mention that here in Europe the media coverage is utterly insufficient. Tonight on all the channels I have access to there is barely a word spoken and no live coverage of the demonstration.

I can remember the fanfare and the fireworks when the Euro was "launched".

It would seem that Europeans were more worried/motivated by the existence of black cats in their midst than the sacrifice of an entire nation of peoples to bad BAD economic policy.

I must say: OXI

Mon, 06/29/2015 - 19:09 | 6251783 pFXTim
pFXTim's picture

Perhaps it's just a game of chicken we're witnessing; perhaps TPTB are aware of this and simply don't want panic to spread to other regions...knowing...in the end that some type of deal will ultimately be struck. Doesn't it seem somewhat doubtful that TPTB would let Greece escape their clutches considering the substantial amount of work that's gone into building the EU?

 

Mon, 06/29/2015 - 17:09 | 6251304 backasswards
backasswards's picture

bleh

 

Mon, 06/29/2015 - 17:15 | 6251344 Maryjane
Maryjane's picture

SNB? I think that was more like the FED.

 

Are you seriously this stupid?

Mon, 06/29/2015 - 19:32 | 6251847 Wannabe_Oracle
Wannabe_Oracle's picture

Not to worry, tomorrow they will announce a new 'revised' plan to save Greece - everything will return to normal. The Dow will regain todays losses and PM's will continue to be price controlled...... Jerks!

 

 

 

Mon, 06/29/2015 - 16:04 | 6250988 HonkyShogun
HonkyShogun's picture

Paper this over, fuckers.

Mon, 06/29/2015 - 16:05 | 6250993 buzzsaw99
buzzsaw99's picture

greece is worth exactly 14 bps on the usa 10Y

wake me up when the 10Y yield hits 1%

Mon, 06/29/2015 - 16:16 | 6251046 espirit
espirit's picture

Maybe tomorrow?

Mon, 06/29/2015 - 16:31 | 6251129 disabledvet
disabledvet's picture

Euro denominated German Bunds might hit that soon as "those holding euro's are left holding ZERO'S."

Mon, 06/29/2015 - 16:05 | 6250997 Rainman
Rainman's picture

A fantabulous day for deer in the headlights doom porn < whacks off furiously >

Mon, 06/29/2015 - 16:30 | 6251125 Mariposa de Oro
Mariposa de Oro's picture

LMAO

 

Can I watch?

Mon, 06/29/2015 - 17:14 | 6251340 El Vaquero
Mon, 06/29/2015 - 18:26 | 6251606 El Vaquero
El Vaquero's picture

I'll even be nice to my downvoters.

 

http://eyebleach.com/

 

But that video was foisted upon me in a kind of rick roll way, so now I am determined to foist it upon everybody else. 

Mon, 06/29/2015 - 17:28 | 6251385 Meremortal
Meremortal's picture

Yes, i have to give you guys credit. You want the same thing you say the evil Banksters want, to see millions suffer so you can benefit.

You're as evil as they but at least you come right out and say so.

Mon, 06/29/2015 - 17:35 | 6251418 El Vaquero
El Vaquero's picture

The current fraud is going to have to end sooner or later, and it will cause massive pain when it does.  The longer it goes on, the worse the pain will be.  So bring it on sooner, rather than later. 

Mon, 06/29/2015 - 18:02 | 6251516 Not Too Important
Not Too Important's picture

If you have a flesh-eating bacteria on your arm, you cut the arm off to keep the body alive. Yes, it hurts, but you're still alive.

The bankers are spreading flesh-eating bacteria to kill everyone, so they can steal their assets. If the goy survive the first amputation, they give 'em some more bacteria, until there's nothing left to cut off.

No one is asking for more flesh-eating bacteria, except the bankers. The rest of us are simply trying to avoid the amputations.

 

Mon, 06/29/2015 - 16:06 | 6251002 kizell
kizell's picture

The markets will soar tomorrow don't worry.  The feds ability to manipulate the market is not dead yet

Mon, 06/29/2015 - 16:17 | 6251060 negative rates
negative rates's picture

As long as you are ready to die, there is no need to worry.

Mon, 06/29/2015 - 18:02 | 6251520 Not Too Important
Not Too Important's picture

We're all dead, we just haven't gotten there yet.

Mon, 06/29/2015 - 18:07 | 6251532 negative rates
negative rates's picture

Speak for yourself, these people won't take no for an answer.

Mon, 06/29/2015 - 16:27 | 6251115 Wahooo
Wahooo's picture

Tomorrow is Tuesday, that's a fact.

Mon, 06/29/2015 - 16:47 | 6251204 Fukushima Fricassee
Fukushima Fricassee's picture

Not really, in Asia, it is already Tuesday and tomorrow is Wednesday.

Mon, 06/29/2015 - 17:48 | 6251461 Automatic Choke
Automatic Choke's picture

I upvoted your comment today, but I'll come back tomorrow and downvote it for sure.

Mon, 06/29/2015 - 18:03 | 6251523 Not Too Important
Not Too Important's picture

Not with that extra second, you won't.

Tue, 06/30/2015 - 17:11 | 6255632 Automatic Choke
Automatic Choke's picture

done

Mon, 06/29/2015 - 16:51 | 6251237 vexrizor
vexrizor's picture

If they can manipulate the market why would their ability to do so ever become dead?

Mon, 06/29/2015 - 16:06 | 6251007 YesWeKahn
YesWeKahn's picture

Vive la revolution, fuck you bernanke

Mon, 06/29/2015 - 16:13 | 6251038 Bernanke'sDaddy
Bernanke&#039;sDaddy's picture

Who would downvote your statement?

Mon, 06/29/2015 - 16:16 | 6251051 Kaiser Sousa
Kaiser Sousa's picture

its probably the serial asshole that follwos me around here...

just ignore like i do...

Mon, 06/29/2015 - 16:21 | 6251076 MillionDollarBogus_
MillionDollarBogus_'s picture

Some troll probably did it...

Mon, 06/29/2015 - 17:48 | 6251462 mvsjcl
mvsjcl's picture

-1

 

Sorry KS, I couldn't resist :-)

Mon, 06/29/2015 - 17:58 | 6251493 Ms No
Ms No's picture

You only have one serial asshole Keiser?  I used to have a bunch.  My personal favorite tactic of a serial asshole is when they down vote things around you, that make it appear as if it is you, so that others join in.

It's interesting, I lurk on another site every now and then pertaining to  psychopaths and psychopath "survivors".  Many of the commenters on there are admittedly diagnosed paths, I see them deploy tactics like that a lot.  I have learned from watching those bastards...lol

Tylers can see it, I am sure when they have time this is one big hilarious social experiment.

Mon, 06/29/2015 - 18:05 | 6251525 DrewJackson
DrewJackson's picture

All of you people who think they have followers who just wait to downvote and then now downvote other posts near just to blend in are NUTS!!!

Because we all know Zerohedge revolves around YOU and your lame posts.

 

Yeah I am talking to you.

 

I may even down vote you.

 

LOL

Mon, 06/29/2015 - 18:23 | 6251595 Ms No
Ms No's picture

Bullshit.  Hasn't happened to me in a long time, when it did it was obvious.  Especially when there are no downvotes on a whole page and then someone starts debating you civilly and gets downvotes and the same people are present every time.  Doesn't take a genius.

Mon, 06/29/2015 - 21:27 | 6252185 Tall Tom
Tall Tom's picture

I have watched it happen to others...

 

So I awarded you a rare junk.

 

People around these parts know that if yer full o' shit, really full o' shit, as you are, then I will take my PRECIOUS TIME and actually write out a response....like now.

 

I rarely junk anybody and I award Grennies more often, much more often than I junk..

 

When I read a well thought out post, one worthy of response, like yours is, even though I may even disagree with,  I WILL AWARD THE GREENIE...and especially if somebody else has junked it if it was a response to one of my posts.

 

In fact I actually welcome junks as it lets me know that the post has been read and considered...

 

At times the junks expose that there are dishonest fucks on this website..this comment board...especially when I post about seeking out Justice and Honesty.

 

So please go ahead and junk away.

 

And you can masterbate while you are at it. I really cannot care less about junks.

 

I am more interested in frank, honest dialouge and debate.

Mon, 06/29/2015 - 16:22 | 6251079 T-NUTZ
T-NUTZ's picture

Bernanke's Daddy?

Mon, 06/29/2015 - 16:07 | 6251008 cpnscarlet
cpnscarlet's picture

Today's action in gold is IMHO the most disappointing PM event since the 2011 May Day Massacre. If this day's action doesn't prove to the skeptics that the COMEX is a tightly controlled price setting fraud run by the Fed and its minion bullion banks, NOTHING ever will.

Mon, 06/29/2015 - 16:16 | 6251053 Sophist Economicus
Sophist Economicus's picture

Why?   I thought the 'action' was interesting.    The speculators are the marginal players on the Comex.    Would it have been more telling if a bunch of specs just ran in and bid the price up a little -- just to sell it off at the first hint of 'good news'?

If one believes that Gold won't see its true 'fiat price' till the debt cycle works through its gyrations, one should be happy to buy at these prices and sit tight.   I mean, really, what would you have done if gold went up $125 today?   Sold it for fiat?    Better to buy it while its cheap -- if one believes the true value...

Mon, 06/29/2015 - 16:37 | 6251147 disabledvet
disabledvet's picture

"Gold holds steady while Greece resets to ZERO."

Certainly spunds like a good day for gold to me.

So who's up for a rematch of "Greece versus the IMF" here?

Mon, 06/29/2015 - 16:07 | 6251009 enforcer92677
enforcer92677's picture

My day isn't complete until I see the little banner with all the clever images mashed together.  It makes my whole afternoon.  Love it!

 

And the deers were a bonus.  :-)

Mon, 06/29/2015 - 16:16 | 6251047 EscondidoSurfer
EscondidoSurfer's picture

A close up variation of one of those deer should find itself in the banner for a few more days at least. 

Mon, 06/29/2015 - 16:25 | 6251103 HonkyShogun
HonkyShogun's picture

Oh dude, wait till they post a "Donkey Kong" pic. Those days are the best.

Mon, 06/29/2015 - 16:07 | 6251010 Kaiser Sousa
Kaiser Sousa's picture

nice try u banker fucks....

the Gold and Silver phony paper price move was hilarious today...

Silver below $16 - ok i'll keep buyin'...

thanks assholes.....

Mon, 06/29/2015 - 16:58 | 6251266 flash338
flash338's picture

The copies of gold and silver inflated
which after the theft were thrown into the lake,
at the discovery that all is exhausted and dissipated
All scrips and bonds will be wiped out.

-Nostradamus

Mon, 06/29/2015 - 20:06 | 6251931 gonetogalt
gonetogalt's picture

thanks for the repost, I'd lost the quote

Sooner or later, bitchez...

Maybe sooner...

Mon, 06/29/2015 - 16:07 | 6251013 jump_mutha_fukah
jump_mutha_fukah's picture

Closed RUT (TNA) all in short options position from 6/22 at the IWM 50 DMA this afternoon...went a tad long weekly options with some hedging (yikes...just thew up a bit in my mouth saying went long)

IWM broke lower trendline drawn from 5/6 lows till today so could be more downside...100 DMA is not far off, but we are sitting right at the lower bound of longer term trendline drawn from 10/15/2014. Also RSI flashing over sold on the IWM 4 hr 180 day...pretty reliable turnarounds on the 4hr chart....Unless we are changing long term trend (could today be the day??? has to happen some time), think it may rip back up a bit here to keep everyone guessing, trap some shorts and milk the FED/Greece thing to the bitter end. Not a huge long position, just some house money at stake here. Plan on exiting at the IWM 20 DMA if we get there or next time Gartman says he's "pleasantly optomistic and abnormally long". Would not put it past them to float some B.S. Greece is all fixed again after hours to royally fuck the shorts who tried to soak up an extra nickel.

FWIW...just an observation,  There was a pretty big OI on this weeks IWM Calls compared to the Puts on both the quarterly and the Weekly calls expiring tomorrow and Thursday respectively....those became awefully cheap, awefully quick. Also a lot of volume (see the 127 strikes) so smells to me like smart sellers covering at favorable prices. RUT also kept its head up into the close unlike the other averages.

Mon, 06/29/2015 - 16:23 | 6251058 Keltner Channel Surf
Keltner Channel Surf's picture

Bravo!  Nice to see the good guys win for a change.    In the past all indices have followed SPY bounces from the 200 DMA, which almost never fails, at least for a while.  Unless it's "different this time", but I know you're always careful, and won't likely get hurt much (personally, I think it'll get turned back again from the 50MA and break the Keltner again before we see the 20).  Good luck.   (Caught half of today's fun with SQQQ, if RUT keeps behavin' well, I may switch back to my old nemesis.)

Mon, 06/29/2015 - 16:28 | 6251119 jump_mutha_fukah
jump_mutha_fukah's picture

Thanks, glad you are making out in this as well...think your strategy of going home in cash each day has been a winner with this unpredictable vol. as of late. The SPY closing below the 200 is sure to raise a lot of eyebrows...makes the contrarian in me remember all the times we breach one of these critical averages and appear to be going lower only to watch the faces ripped off...including mine at times.

GL this week. 

Mon, 06/29/2015 - 16:19 | 6251073 espirit
espirit's picture

Dude?

Didn't you get the memo to GTFO?

Mon, 06/29/2015 - 16:27 | 6251110 bonderøven-farm ass
bonderøven-farm ass's picture

Thank you, JMF! Thought I'd stepped into an old-school ZH thread reading a comment like the one you posted. RUT, TNA, IWM,...got me some learning to do.

Headed to investopedia to decypher your message......

 

Mon, 06/29/2015 - 16:40 | 6251172 jump_mutha_fukah
jump_mutha_fukah's picture

Quite welcome, but take it with a grain of salt....often wrong.

Old school ZH threads were nice...love to see it get back to that...the collective hive of knowledge and market insights of the comparatively enlightenend minds here (as opposed to CNBS)could benefit all of us who dable in the market.

RUT= Russel 2000 Small Cap Indices, IWM= ETF that tracks it  (similar to DIA or SPY), TNA= is the Direxion Proshares 3x ETF that moves 3 times (in % terms) in the same direction as the IWM.

TNA has a natural decay factor in it wich works against it longer term...as a bear, shorting TNA either purely stock play or through options play is much more favorable than playing with it's sister TZA wich is 3x the inverse IWM...all you need to know is stay away from TZA.

Ex: Selling calls on TNA puts time decay and instrument decay in your corner.

GL

Mon, 06/29/2015 - 16:41 | 6251179 jmcwala
jmcwala's picture

I bought the ZH decoding ring a while back. Helps tremendously with overstuffed technical posts like this one, as well as alphabet-soup shorthand that many ZHers post.

The dude abides!

Mon, 06/29/2015 - 21:33 | 6252120 jump_mutha_fukah
jump_mutha_fukah's picture

Was the meatloaf good tonight in moms basement? Sorry I haven't been by in awhile kid, your mom, well she kinda got pissed when I "came in her ass"...she mumbles alot after her third double, and I didn't quite get she meant "cut the grass". It's all good though, we've, made ammends and I paid the pool boy to "handle" her for the next few weeks...so at least you have a father figure until I get back from the long hauls. Mom says you've been struggling with acronyms in school, don't worry kid, I'll lay it down for you when I get back...GFU, PO, KMA, STFU, BTFD....it's real easy, I'll show you...you'll be GED material in no time flat...at least before your younger brother...that brick layer is damn near 19 and hasn't finished 5th grade. Don't forget to brush, and stay off the meth.

Love,

Dad

 

Mon, 06/29/2015 - 21:56 | 6252281 jump_mutha_fukah
jump_mutha_fukah's picture

Welcome to fight club bitch...you are truly chum in the water.

Mon, 06/29/2015 - 16:47 | 6251214 css1971
css1971's picture

That wouldn't happen to be Tri Nitro Toluene would it?

Mon, 06/29/2015 - 21:12 | 6252128 jump_mutha_fukah
jump_mutha_fukah's picture

This

Mon, 06/29/2015 - 16:08 | 6251016 Keltner Channel Surf
Keltner Channel Surf's picture

“We Broke the Bollinger Band”     from   “We’re an American Band”     by Grand Funk Railroad

Stuck in a range for 90 days
Neither longs nor shorts have really gotten paid
Sweet, sweet Janet’s been doin' her act
She’s been the whole show and that’s a natural fact

Up all night with a trading king
I got to tell you, put spreads are his thing
Spoos and Diamonds ain’t acting right
The longs may get their comeuppance tonight

We broke the Bollinger band
We broke the Bollinger band
World leaders are clowns
They’ll help us take this thing down
We broke the Bollinger band

Who is that big cheese from Omaha?
He’s hatin’ on bears every CNBC show
The host, she’s kneeling before him like he’s always right
But price discovery, it’s been outta sight

Now these fine bears, they had a plan
They were out to bleed the long weak hands
They said, "Come on shorts, let's get it on!"
And they proceeded to tear ‘Yellen Hotel’ down

We broke the Bollinger band
We broke the Bollinger band …

Mon, 06/29/2015 - 18:31 | 6251627 Freddie
Freddie's picture

+100 Ha ha...except the idea of Sweet sweet Janet made me throw up a little.

Mon, 06/29/2015 - 20:03 | 6251919 Keltner Channel Surf
Keltner Channel Surf's picture

Treading the fine line between truth and nausea is the key to a good parody :)

Mon, 06/29/2015 - 16:09 | 6251020 ebworthen
ebworthen's picture

Little old Greece hasn't even officially defaulted yet, ROFLMAO!

"Nope, no debt ponzi here, no financialization bubble, move along."

Mon, 06/29/2015 - 16:10 | 6251026 Rags123
Rags123's picture

To put it into perspective, the Greek economy is worth about the same as the econonmy of the city of Paris to France. Whats all the shouting about?

Mon, 06/29/2015 - 16:22 | 6251083 optimator
optimator's picture

The shouting Greece is so you don't look at Communist China.

Mon, 06/29/2015 - 18:07 | 6251533 Not Too Important
Not Too Important's picture

Or the Yen carry trade...

Between the unwind and Fukushima, that country is toast, and no lifeboat in sight.

Mon, 06/29/2015 - 16:11 | 6251027 Realname
Realname's picture

 "P. Diddy falls through hole..."; it was, obviously, a worm-hole.

Mon, 06/29/2015 - 16:11 | 6251028 Bush Baby
Bush Baby's picture

I still say Grexit is long term bullish

Mon, 06/29/2015 - 16:12 | 6251030 sudzee
sudzee's picture

No FED heads today. Have they left the party or what? If they don't show up tomorrow they will probably try propagandizing from the armagedon shelter. 

Mon, 06/29/2015 - 16:13 | 6251035 ersatz007
ersatz007's picture

what's up with all these squiqqly lines and what does it have to do with the confederate flag?

Mon, 06/29/2015 - 16:14 | 6251041 WTFUD
WTFUD's picture

Russian Debt being lower than Greece's debt say's everything about the EU.

Italian Debt 3 Trillion Fucking Euros = 140% GDP
Russian Debt 230 Billion Euros = 14% GDP

Say What?

Mon, 06/29/2015 - 18:02 | 6251518 Comte d'herblay
Comte d&#039;herblay's picture

I'd rather Pizza than Borscht.

Mon, 06/29/2015 - 16:15 | 6251044 Ward cleaver
Ward cleaver's picture

Every7 years a Wall Street ponzi scheme comes to an end. This ZIRP scheme was preceded by 2008 real estate debacle, 2000 dot com bubble, 1995 international recession, 1987 portfolio insurance crash, the 1980 20% money market rates. You can become rich playing this game.

Mon, 06/29/2015 - 18:50 | 6251708 Herd Redirectio...
Herd Redirection Committee's picture

Say it with me (and then Google it): Shemitah

And 7x7= 49 years was supposed to be  a Jubilee year!  Interesting tidbit why Jews don't observe Jubilee any more...  Might make you anti-semitic to post it though.

Mon, 06/29/2015 - 16:16 | 6251049 T-NUTZ
T-NUTZ's picture

Head and Shoulders Top intact:

 

SHORT THE PIG!

Mon, 06/29/2015 - 16:17 | 6251059 The man with po...
The man with pointy horns's picture

Much cum was squirted today by ZHers.

Mon, 06/29/2015 - 16:24 | 6251094 negative rates
negative rates's picture

Guys with vaginas, I'm always jumpin like a monkey by the end of that song.

Mon, 06/29/2015 - 17:04 | 6251294 The man with po...
The man with pointy horns's picture

Technically no guy can have a vagina, trannie or not.

Mon, 06/29/2015 - 17:36 | 6251419 negative rates
negative rates's picture

Technically real women don't squirt, the skunk shows up in the middle of the night and 40 days and 40 nights later she has no desire to have sex anymore and can concentrate on the pain and ring around the collar problem she also has. Hence the reference to being a guy doomed to be a squirter looking for the climax which will never arrive at the door, but the pain shows it'self the very next morning in private which transforms it's self into denial in public. It's a wonder life where something, always, will not work out.

Mon, 06/29/2015 - 18:10 | 6251541 negative rates
negative rates's picture

PARTY POOPER.

Mon, 06/29/2015 - 16:18 | 6251062 Bernanke'sDaddy
Bernanke&#039;sDaddy's picture

I keep asking but no ones confirming...

 

 

IS THIS A GOOD TIME TO BACK UP THE MOTHERFUCKING F350 CREW CAB AND LOAD HER UP WITH LINKEDIN, TRUECAR, ZILLOW, YELP, ANGIESLIST, FACEFUCK, BOX AND TWITTER?

GO SF BAY AREA!! GO SILICON VALLEY!!

Mon, 06/29/2015 - 16:43 | 6251192 css1971
css1971's picture

You GO BUY THAT FUCKING DIP MAN. IT'S YOUR PATRIOTIC DUTY!!!!

Mon, 06/29/2015 - 20:23 | 6251989 e_goldstein
e_goldstein's picture

By all means.

Now, I want you to stand right there while I go to the roof of this building.

I'm going to throw you a knife, and you're going to catch it.

Ready?

Mon, 06/29/2015 - 21:48 | 6252260 delacroix
delacroix's picture

don't forget pcln

Mon, 06/29/2015 - 16:22 | 6251082 100pcDredge
100pcDredge's picture

Gotta love them deers.

Mon, 06/29/2015 - 16:22 | 6251086 exartizo
exartizo's picture

Well if there was ever any doubt, now we know where the Central Bankers Central Bankers live.

Do NOT follow this link or you will be banned from the site!