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"Greece Is Contained" Except In Crude, Copper, FX, US & EU Stocks, & Peripheral Bonds
Seemed appropos...
"Greece is contained" was the clear message desperately trying to be provided to the masses today as PPTs from all around the world lifted FX (and equities directly in some regions) in an effort to keep the dream alive... It didn't work!
It started in China... and failed...
Then Europe... and failed... (in stocks)
With Spain, Portugal, and Italy dumped...
and bonds...
Then US... and failed...
Don't get too excited about the bounce - we've seen it all before...
Broken markets and VIXnado'd...
FX markets turmoiled but it appears The ECB and BoJ had an 'understanding'...
Here's how EURJPY was used to ingite carry trade-spewed momos into lifting stocks higher...
Treasuries well well bid out of the gate as investors sought safety... then sold off into the European close... then yields ripped to the lows of the day...
Commodities mixed...
Crude clubbed like a baby seal...
Some context for Crude today... Carnage!!
Copper crashed...
And finally - gold and silver! Makes perfect sense as all hell breaks loose for the precious metals to trot along the flatline ignoring all the noise as if some external factor was crushing the life-giving volatility out of the status-quo-meme-destroying prices...
But apart from all that - Greece is priced in, Greece is contained, and Greece doesn't matter
Charts: Bloomberg
Bonus Chart: How do you say "Deja Vu All Over Again" in Chinese?
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A mere flesh wound.
Greece exit turns PIIGS into PIIS (pronouced PISS) which is what markets will be doing all over themselves once the contagion REALLY starts leaking. The winners? The radical, communist/leftist Marxists of Syriza who will nationalize EVERYTHING in Greece, shut any markets that remain, and laugh -as they feast on caviar with Putin - at how easy it was to get Greeks to trade a NEOCON master for one that proudly wields the HAMMER & SICKLE.
Oil was the shocker. Down $4.30 at one point.
Lots of margin calls going out as we speak.
Whew, glad they got it contained. I was worried there for a minute...
Gold and silver FTW btichez
We've seen this picture before. The PPT steps in, and a few days later things fall apart as the cocain wears off. So, Weds should be a pretty brutal day.
If that happens, Greece will be turned into Ukraine/Iraq/Libya/a dozen others.
Yes, there might be a Grand Conspiracy, but so far, lots of people dying over competing pipelines, and soon to die over oil prices.
wait....what? oil executive's like nail guns too?
Greek contagion is contain like open canker puss lesion on inflame labia of meth crack prostitute.
Question is not if, but when is disease of transmission pass to other patron of EUC/ECB pimp.
It was easy money today. The panic started, the rally returned, you get a full round trip and get to go short, long and profit all in one day. I love days like this.
Besides, the big PIIGS haven't even begun to squeal yet (other than Hillary).
Greece Isn’t the Problem and the International Bankers Know It
it was pretty easy I have to say. Crude couldn't get above VWAP at pit open. Smash it down because you know algo's are about too. Then a little while later one more Vwap test. Failed. You could of played them same ping pong game with TF.
Gold is going to be a sweet trade also. Retest of $1070 is a given now. Dr. Copper and Nurse Iron Ore do not lie....
Sweet disassociation with PayPal and Amazon
KUDOS!
*****Knukies 10,000 Points of Class Act Strike at the Heart of Propaganda and the NWO*****
In agreement John. They do not lie.
You have a way with words, Boris;)
This is sadness because before nipple on hairy back and bulge mid torso, Boris is way with women! ...now is just words.
That reminds me of a horrible joke - something like ... nevermind - it had scabs, though.
The omnipotent banksters did not have enough Kevin Henrys on the job today? Reality can such a drag when you have been creating a fake reality all along.
Neoliberal economists in service to the financial sector have created a rationale for why interest rates can be negative in the face of massive debt and money creation and a slew of troubled financial instruments from corporate junk bonds to sovereign debt. The rational is that there is too much saving: The excess of savings over investment forces down interest rates. The negative interest rates will discourage people from saving and encourage them to spend, because the price of consumption in terms of foregone future income from saving is zero. It even pays to consume, because saving costs more than it earns.
Economists argue this even though the Federal Reserve reported that a majority of Americans are so low on savings that they cannot raise $400 without selling personal possessions.
Paul Craig Roberts
It's just a flesh wound... https://www.youtube.com/watch?feature=player_detailpage&v=zKhEw7nD9C4
Just a coincidence, nothing to see here... http://oglaf.com/clustering/ time to go invest in scotch me-thinks.
Now... let's see how long these eurocrooks can go without saying ' credit event '....
After all these years of obvious manipulation who in their right mind would buy CDS? It will never be triggered. Is it mandatory somehow?
Institutions buy it as pretend insurance, to avoid marking to market, leverage restrictions, whatever. They can pretend to be hedged.
It's worthless, but if your competitors are playing, and avoiding the rules you have to as well.
Oh yeah?
Betcha betcha betcha that if GS, JPM and Citi are on the one and same collect on the event side, it will be declared.
'S'like the old cartoon of the guy and his date in the theater and she's reaching into the bag of popcorn on his lap
well first things first, lets all give props to kevin henry and his friends. that final hour, they basically brought us back from a modest decline to flat
secondly, if this fucking shit didnt collapse today, then i dont know when it will. to all those assholes in msm saying greece dosent matter, so then wtf do u keep talking about it, and wtf did the ''markets'' rise last week on the bullshit rumors that a deal was possible?
this shit is such a fucking joke, and i have a feeling tomorrow stawks will have a gigantic orgasm and come back close to all time highs.
my reasoning? anyone who watched this shit today, it was clearly evident that they wanted to keep it in the green modestly today, but they decided it would be way too obvious ( sorry fed fucks, it already is ) that they r controlling it, so they want the sheeple to believe its still a real ''market'' and kept us in the red.
Another likely factor at play is Wed's FOMC stmt, with the holiday and Greek drama, I almost forgot that it's on tap mid-week, and that it nearly always creates bizarre trading 2-3 days ahead.
IMF is going to bail out Greece and achieve super senior loan status over ECB lending. This is very pro-turbo on both sides of the pond.
I'm guessing $10-20 trillion USD equiv. was conjured up today, most of it before noon EST.
"To infinity, and beyond!"
Wait until the Derivitive and CDS markets start getting monkey hammered! The Ponzi will start to unravel fast and there will be nothing to backstop it this time, total chaos will ensue and very few will actually understand what the fuck happened...
Just buy the dip you idiots.
Actually sell the rip is working better now fuckface.
For bulls born in the QE era, old habits die hard:
“Buy Me BABA” from “Be My Baby” by The Ronettes
The night you IPO’d I knew I needed you so
And if I could buy you near $80, I’d never let you go
I’m not afraid to say I love you, and that I’m so proud of you
We’ll make shorts hang their heads
Every day your share price grows
So won't you please (Buy me, buy me BABA)
Buy me a little BABA (My one and only BABA)
Say you'll do my charting (Buy me, buy me BABA)
Buy me BABA now !
Wha-oh-oh-oh
Analysts are hapless, BABA, just wait and see
For every time they diss you, you’ll go up by 3
Oh, since the day they saw you
They have been hating on you
But I know 80’s your floor for all eternity
So won't you please
Buy me a little BABA
Say you’ll do my charting . . .
Shit's so laughable.
Epic panic.
Good luck trying to trade around this thing.
How can this be? I thought not even a full blown invasion by things from another world could move the markets?
i coulnd give a fuck about the ridiciculous shit show the Fed and the ESF r moving this phony ass Fraud Markets with...why?
cause the post lady just dropped off another 20oz's of REAL MONEY....
death to the MoneyChangers.
But now the MoneyChangers have your address. I could never fathom this thinking.
And they also know if you can defend it.
At the end of the day, they don't really care, either. A plane will fly over your area, and in a few days everyone will be dead. If they even want anything, they'll come in and get it. Otherwise, it'll sit there for eternity.
And they'll spray Black if they want to, too. There is no escape from the bio-aerosols.
But do get in line and get your vaccines...
to those who r devoid of fear none of what u said matters...
but feel free to live in whatever mindset u choose...
You know it's bad when they have to drag Krudlow out of the gay bars and put him on CNBS...
Tell me he didn't say "mustard seeds" or "green shoots", please Larry, no...
HUGE JOB PRINTS!
INFLATION EVERYWHERE!
NO SLOWDOWN IN SIGHT!
No of this matters as long as the FED's Dark Pools can keep the markets propped up...
Shooting Fish in a Barrel.
Bang, bang, bang, bang. Goddamn it, I keep missing my targeted suspects.
/sarc
Contagion is Michelle Obama getting crabs and selling it off as a new school healthy menu lunch item.
We STD-Ed some folks
Crude falling and falling but gas prices remaining flat at most...mhm *scratching my head*
I'm sorry...did you just say "there is a trader long gasoline"?
So just like the Obama administration's ISIS containment strategy....well I guess they are contained to the earth... For now. I am sure that nasa will help them reach their goals though given enough time.
S&P futures now exactly unchanged from last night's open. LMAO!
We borrowed some folks money
-Barack Obama | July 6, 2015
TPP. Just wait until this negros Pandora Box opens.
http://www.investopedia.com/terms/c/contagion.asp
The word you are seekng is containmanated.
Still stackin'.
i was actually surprised that eur/usd closed in red ...
Someone should hire crisis actors to stand in line outside of major banks and claim they can't their money out