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European Equity Losses Accelerate: Does This Look 'Contained' To You?

Tyler Durden's picture




 

Does this look contained to you?

 

Portugal, Spain, and Italy all collapsing...

 

Charts: Bloomberg

 

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Tue, 07/07/2015 - 11:46 | 6280523 order66
order66's picture

Looks like a full margin buy to me.

Tue, 07/07/2015 - 11:47 | 6280526 Looney
Looney's picture

Dijsselbloem and the rest of the EuroGroup hated Varoufakis for his attire.

The new guy, Eucalyptus (?) Tsakalotos, should show-up for the next meeting wearing Tarzan’s loincloth, and start swinging on an extension cord yelling “OXI-OXI”.  ;-)

Looney

Tue, 07/07/2015 - 11:53 | 6280543 hedgeless_horseman
Tue, 07/07/2015 - 12:53 | 6280859 indygo55
indygo55's picture

And with some MEGA HOT BABE on his arm. They won't know WHAT to do!!

Tue, 07/07/2015 - 15:39 | 6281655 Niall Of The Ni...
Niall Of The Nine Hostages's picture

Euclid showed up in jeans to his swearing in and had to be told to take the Bluetooth out of his ear for the ceremony.

Yanis is a rich douche but he knew how to dress himself. Euclid looks like the guy who waters the plants.

Tue, 07/07/2015 - 12:07 | 6280636 Dollarmedes
Dollarmedes's picture

I just watched a Bloomberg piece on falling commodity prices today, including gold. It hit me: is China covering its margins by selling commodities? They'd been using them to back their loans. Part of the fall is also reduced future demand, but that didn't explain the gold thing.

Tue, 07/07/2015 - 12:47 | 6280820 disabledvet
disabledvet's picture

Who would buy gold when the main priority is real estate speculation?

Need to buy debt I wpuld think.
Collateral? Gold.

Tue, 07/07/2015 - 11:46 | 6280524 slaughterer
slaughterer's picture

OXI = oh fuck

Tue, 07/07/2015 - 11:51 | 6280537 NoDebt
NoDebt's picture

If I had to guess, I'd say this has more to do with China.  Greece is just the icing on the cake.

Tue, 07/07/2015 - 12:13 | 6280662 KnuckleDragger-X
KnuckleDragger-X's picture

CNBC etal can only concentrate on one thing at a time. Besides, China is full of foreigners who talk funny.....

Tue, 07/07/2015 - 11:46 | 6280525 cossack55
cossack55's picture

Collander containment

Tue, 07/07/2015 - 12:14 | 6280665 KnuckleDragger-X
KnuckleDragger-X's picture

Chainsaw open heart surgery.....

Tue, 07/07/2015 - 11:47 | 6280532 BurningBetty
BurningBetty's picture

I am in Portugal...nd the beaches look lovely! Smart people sit on the beach and smoke joints. 

Tue, 07/07/2015 - 13:57 | 6281149 OrangeJews
OrangeJews's picture

I hear it's like California without all of the assholes.

Tue, 07/07/2015 - 11:49 | 6280533 NoDebt
NoDebt's picture

Wait for it..... WAIT FOR IT!  Now!!  Give it everything you've got!!!

- Future news from 3:30 this afternoon

Tue, 07/07/2015 - 11:55 | 6280573 willien1derland
willien1derland's picture

+1000

REUTERS (Athens) - Greek President, Prokopis Pavlopoulos, passed away & bequeathed his little known derivative portfolio which is valued at 83 BILLION Euros as well as real estate rights to Euro Disney!

Tue, 07/07/2015 - 12:39 | 6280773 Fish Gone Bad
Fish Gone Bad's picture

Then they could build a fence around Greece and charge admission to Disney-Greece.

Tue, 07/07/2015 - 12:11 | 6280655 Dollarmedes
Dollarmedes's picture

That's what they said in Beijing/Shanghai to the tune of 128 billion yuan. It didn't work out too well. It'll be hilarious if it has the same effects over here.

Tue, 07/07/2015 - 12:57 | 6280883 Squid Viscous
Squid Viscous's picture

Bottom ticked it again Tyler! to the minute ...damn you're good!

Tue, 07/07/2015 - 11:49 | 6280538 JustObserving
JustObserving's picture

Brother, can you spare a few Kevin Henrys?

Tue, 07/07/2015 - 11:54 | 6280569 disabledvet
disabledvet's picture

Just announce "we have a printing press and we intend to use it!"

To "prop up the markets" of course...

Tue, 07/07/2015 - 11:49 | 6280539 dariomilano
dariomilano's picture

anybody knows how will the price of houses react in IT?

Tue, 07/07/2015 - 11:51 | 6280549 q99x2
q99x2's picture

Apmex.com website is the slowest I've ever seen it. Seems like someone is buying.

Tue, 07/07/2015 - 12:16 | 6280671 BeaverCream
BeaverCream's picture

Premiums are ridiculous. Buying with a credit card 27% premium?

Tue, 07/07/2015 - 11:51 | 6280550 lasvegaspersona
lasvegaspersona's picture

Does one need 4k to read the graph?

Tue, 07/07/2015 - 11:52 | 6280557 coast
coast's picture

Greece has 1/3 the population of California and it caused this much havoc?  How far in debt is California?  hmmmmm...

 Anyone notice how alot of people are going whacko lately?

Tue, 07/07/2015 - 12:08 | 6280643 Al Huxley
Al Huxley's picture

It doesn't matter how big Greece is - what matters is how big the leveraged exposure to Greece is.  Look at DB and HSBC if you want a hint as to who's worried.

Tue, 07/07/2015 - 12:52 | 6280854 disabledvet
disabledvet's picture

"We re-hypothecated it...

Tue, 07/07/2015 - 13:28 | 6281030 Kaervek
Kaervek's picture

What about China though, the land where every farmer and his dog can lever up on pink sheets?

Tue, 07/07/2015 - 11:56 | 6280581 Raoul_Luke
Raoul_Luke's picture

People are finally starting to look past the Grexit...and they don't like what they are seeing.

Tue, 07/07/2015 - 12:19 | 6280685 KnuckleDragger-X
KnuckleDragger-X's picture

That's because it looks like something from Terminator.... https://www.youtube.com/watch?feature=player_detailpage&v=ih_l0vBISOE

Tue, 07/07/2015 - 12:17 | 6280678 Keltner Channel Surf
Keltner Channel Surf's picture

Don't wanna sound shallow, but such pretty colors !  

(Forgive me, I'm working on a 'Lucy in the Sky w/ Diamonds" parody for this afternoon, and for some reason colors look brighter today ...)

Tue, 07/07/2015 - 12:25 | 6280694 Ajax_USB_Port_R...
Ajax_USB_Port_Repair_Service_'s picture

That chart looks like a Hillary lie detector test.

Or, that chart shows investors in the Eurozone are drinking waaay too much coffee?

Tue, 07/07/2015 - 12:29 | 6280721 Tarshatha
Tarshatha's picture

Lol, when I'm bored I throw on CNBC to watch people straight face lie and here a couple of my favourites lately;

Greek Referendum, "NAI" leading switched to "NAI" slightly leading with smatterings of election fraud thrown in,

Greece is ring fenced,

Greece doesn't matter,

No chance of contagion,

Putin / Tsipras snugglefest is of no strategic/political importance -Dick N. (the) Haass - CFR

Tue, 07/07/2015 - 12:30 | 6280722 Thisisbullishright
Thisisbullishright's picture

 

 

Tue, 07/07/2015 - 12:30 | 6280723 Thisisbullishright
Thisisbullishright's picture

Someone....(cough cough, FED) is buying the market right back up from the abyss!!

BULLSHIT!

 

Tue, 07/07/2015 - 15:19 | 6281531 22winmag
22winmag's picture

Dirty shirt just got dirtier.

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