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Stocks Storm Into The Green (Again) As Greek "Hope" Returns
Everyone was expeting today's "hope" headlines, and as usual, they were not disappointed, courtesy of Reuters and MNI:
- GREECE PROPOSES INTERIM SOLUTION TO COVER JULY BEFORE LONG-TERM DEAL - GREEK GOVERNMENT OFFICIAL
- TSIPRAS, MERKEL, HOLLANDE, JUNCKER DISCUSSED 'ROAD MAP' - OFFICIAL
- GREECE GOV WILL PRESENT COMMON GROUND' FOR VIABLE DEAL WED - OFFICIAL
- IRISH MINISTER SAYS GREECE MOVING TOWARD APPLYING FOR LARGE REQUEST FROM ISM
- IRISH MINISTER SAYS NO REQUEST FOR HAIRCUT ON GREEK DEBT AT EUROGROUP MEETING
Is anyone surprised?
There is, as always, a footnote: "The proposal of the Greek side is for a settlement until the end of the month ... in order to prepare the big, viable deal during this brief period," the official said. And more:
- GREECE OFFL: MUST FIND WAY TO PAY ECB JULY 20
- GREECE OFFL: DEAL PROVIDED THAT ECB MAINTAINS STABILITY
- GREECE OFFL: CANT GET DEAL IN 24 HRS BUT CAN SEND SIGNAL
The problem is that the ECB's immovable maturity is now due in less than 2 weeks, and if there is one thing the ECB has shown an unwillingness to do, it is to budge.
In any event, stocks promptly soared back into the green following Europe's close, the latest batch of "hope" and, of course, Goldman's bottom-ticking inflection point.
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Time to vote --- up arrow or down
<--"Free markets" will be allowed to reassert themselves resulting in a "crash" and it's time to sell
<--Markets will rise so long as central control is maintained...markets are simply propagandist tools for TPTB any longer...it's never going to be time to sell so long as current power is maintained
I will add that, even if the markets "crash" it won't be because free markets have suddenly reasserted themselves. On the contrary, it will be because TPTB LET it crash. Don't fool yourself. They have complete control of the markets both UP and DOWN. When you can print unlimited amounts of fiat, both paper and digital, you can goal seek ANY number you want. How many more slaves do you think they will capture if they let the market crash? Here, we will give you food, for your LOYALTY.
One problem with that: If they crash the dollar, the calories needed to get that food grown, processed and shipped are going to become somewhat elusive. They're already giving food to people for their loyalty. It's called EBT. We are closer to a once in a thousand or two thousand year event that you realize.
And, you do not think that is by design? If it happens, it will not be a black swan, it will be by design. The elitists will get their wish to depopulate the planet ... by their design and efforts.
The elitists will be just as fucked as everybody else. They are not omnipotent. They are not omniscient. They are human and fallible. For fucks sake, you are beaten already by your picture of these all powerful elites. With a lack of nutrition comes problems that nobody is immune to. With broken supply chains, there are problems that nobody is immune to, elites included. They are going up against the laws of nature.
"The Hopium is strong with this one..." - Dark Faker
OK then, break supply chains, and then come back and tell me how the elite are going to send goons out in MRAPs to control us when they cannot get diesel fuel. That's where we are headed.
Of course it is green. Did anybody really think otherwise? More circus shows for you. For those of you still working you can afford bread if not the gov't will gladly give it to you. Same shit, new day. Enjoy the show!
and precious metals are taking a beating (even though they didn't go up much on bad Greek news)
Piigs Fly every Greek hog day...daily now.
... and nature always wins.
Yes, rust never sleeps and you do not maintain an infrastructure for complex globalized trade that has been built up for over a century while killing off 3/4 of the population. The two concepts are incompatible.
While I've always enjoyed reading your comments, these few stand out for being realistic.
kinda like Goldman prop trading desk...
NO, GS IS RIGHT, THE MARKET IS GOING DOWN THE TOILET NOW: THEY DOUBLE HEADFAKED YOU.
The market had peeked , so no more money to be made on the upside, so yo-yo time to trigger some stops
Spinning Yo-Yo Mo-Mo
getting dizzy
They got rid of the bald FinMin, so now they can get a haircut !!
I look around at everything, the streets full of new cars, the new buildings going up everywhere to be inhabited by cut price hotels, chain restaurants and offee shops. I see the factories, docks, mills and mines closed and replaced by offices housing new media companies selling adverts for products that no one actually needs.
The markets that made this mess are fucked and the people who paid for it better have some deep pockets to take the loss because sure as shit I'm not paying for it this time.
It's all on credit. Repo business is going to explode as soon as the printing stops and all the shitty companies running purely on credit finally go into default.
Excessive lending is not only accelerating investments but also allowing companies, that otherwise would cease to exist, to stay afloat on cheap credit even if they're not profitable at all.
So it ever was
“The few who understand the system will either be so interested in its profits or be so dependent upon its favours that there will be no opposition from that class, while on the other hand, the great body of people, mentally incapable of comprehending the tremendous advantage that capital derives from the system, will bear its burdens without complaint, and perhaps without even suspecting that the system is inimical to their interests.” The Rothschild brothers of London writing to associates in New York, 1863.
One thing I have noticed where I live is while there are quite a few restaurants, none of them are ever full. You could walk in and get a seat without waiting anytime you like.
So detective.
Really? You're not paying for it this time?
Pray tell how you intend to keep from doing just that!
I calculate the odds of a true market crash about the same as the second coming of Christ
Both are a certainty.
Crash in September.
Propaganda is on its way to meet reality.
At this point, the bankers control two critical categories: The Politicians and The Message.
No sooner had the world awakened to the landslide NO vote against the European Union than the Troika's propaganda machine, arm-in-arm with the Federal Reserve and all the media outlets it controls, notified the markets that Greece is going to suffer tremendously with its decision but Europe will take Greece back through negotiations.
The reality is that the Greek prime minister has never had as much powerful support from the people as he has now, including endorsements from the opposition parties.
The front page NY Times hinted at the reality to explain that the overwhelming push from the people of Greece has put Merkel into an incredibly defensive position whether she likes it or not. IOW, Merkel didn't win this, she lost it, and if they put out propaganda that the banks can win this fight with Greece, it's a lie. Look at the two sides in this fight: 1) foreign banks, foreign bankers and unelected foreign politicians from Europe on one side versus 2) the resolution of an entire population of Greece on the other side.
The back and forths, the punishment and the propaganda will come but Greece is going to win this one. these people have had it with the "foreigners" - the bankers, the austeriety and the insults to their culture and their livelihood.
The Greek people did not start this fight. It was initiated by bankers targeting a country for plunder; it was these bankers who forced the corruption of politicians in Greece to gain their parasitic foothold. The people didn't start it, but they will finish it.
They really can't win. They were screwed as soon as they entered this unholy union.
If they get a new deal the slavery continues and they take on more debt to service old debt.
If they exit the euro their new currency will devalue into oblivion and their economy will stay in shambles - although I like to think this would be their better option to tackle rebuilding, it's far from a victory in my eyes. They got fleeced and that's it, the question is who's next?
There are no free markets anymore. It's a ziomafia oligarchy and Greece was wisee to tell the IMF thugs no mo Zio bust-out.
Didn't Goldman just say earlier today NO MORE BUYING THE DIP. Yet here we are.
http://www.zerohedge.com/news/2015-07-07/goldman-sounds-siren-nothing-ri...
Classic "stopler the muppets" move.
Do as they do, not as they say. The lying fucks.
you've been goldmanned
Too soon, now they have to float it till close......
MOAR!
WOAR!
The ESF and PPT are creating an exit opportunity for their largest constituents. Perhaps a good opportunity for others as well.
The ESF and PPT are creating an exit opportunity for their largest constituents. Perhaps a good opportunity for others as well.
i knew these smart guys would put their heads together and resolve the problems
@ Groundhog. Yes. We might add: "...put their heads together and have the media resolve the problems...."
I would like to take a moment to reflect on this post from earlier today:
This "market" sell off is too controlled. Shorts piling on are going to get their asses handed to them.
"No dollar assets to be had at any price.
BUY STAWKS!...
IMF is chomping at the bit to subordinate the ECB re: the outstanding Greek debt. Such a deal would completely obliterate any market drop that has happened to this point. Tsipiris getting on the horn with Obama was a big clue. Pretty sure this guy knew a lot:
http://www.zerohedge.com/news/2015-07-04/one-heretic-and-not-so-simple-v...
"Let us also give short shrift to the unlikely outcome of a No vote, assuming for a moment that Tsipras were in cahoots with the IMF (and the US) to box in Germany. All that Greece would need is a €1.5bn loan from a friend (the US perhaps?) to make good on the IMF. The IMF could provide the entire €52bn that Greece needs over the medium term. Add that to the €32bn already lent by the IMF (and a bit more to support the banks, if needed) and now the IMF’s exposure to Greece becomes eminently serviceable—or “sustainable”, as they say. Why? Because the IMF has super-senior status, which means it gets repaid before anyone else—including the European bilateral loans of around €53bn, the €142bn lent by the EFSF, the €27bn in bonds held by the ECB and the €39bn in private debt. In other words, Germany would risk seeing its entire exposure to Greece subordinated to that of the IMF, with little leverage in case Greece does not pay up. Talking about being caught between a rock and a hard place…"
Keep an eye on the physical world if this market is going to ever break it will be because the commodity market broke first. Oils, metals, etc. Anything in the tangible markets for collateral are certainly much more important to trading desks.
Well yeah, sure, but that's like predicting the sun will go down tonight and come up tomorrow.
Look...Over here!!! Squirrel.
just do not look at the recent 20% decline in Oil in the past week....everything is okay. You can really trust your media. i am sure no BANK had Oil long and leveraged.
Well, of course. Obama talked to Tsipras and straightened out the whole mess.
"Just say Uncle...
Obama probably offered Tsipras a "trip to Greece" if he played along.
http://www.urbandictionary.com/define.php?term=trip+to+Greece
pictures of greeks lining up at ATMs & shortages at pharmacies & foodstores are giving european policymakers future nightmares. right thing to do is rip the band-aid off NOW (righter thing to do was to rip it off 7 years ago). i always thought germany would break, then I bought into the ZH view that now was the time for the blow-up, and given that i truly think policy makers are worried about those images getting worse & worse with them being held “responsible” for it, im not sure if they are going to protect their own taxpayers or try & save their own asses on facebook, Instagram, twitter by not being labelled as “bullies” to the greeks. so I guess now I have no fuggin clue as to whats gonna happen – deal or no deal. seems like a coin toss at this point IMO.
This could spread throughout all of Europe soon.
That's my view.
"All euro's deemed counterfeits: signed Secretary ofTreasury Jack Lew."
ZeroHedge's problem:
http://www.newyorker.com/humor/borowitz-report/scientists-earth-endanger...
.....a stupid comment from a disgruntled long seeing marginal recovery of his position points us to the New Yorker - a rag I thought people stopped reading ages ago - again from a guy who is 29 weeks. Fact is - fucker - we called the Goldman bottom on another thread hours ago. Thats the fact. And you're a fucktard deciding that you're the omniscient dick that has it - along with all your pseudo science- fucking figured out. EABOD.
The New Yorker isn't even good ass wipe in an emergency. Kind of like that waxed paper crap they use in public bathrooms in France.
I trained my dog to shit on anything by Borowitz.
Here - I fixed the New Yorker article.
My edits in bold.
i assumed it was just the boj's americanized good sushi algo kicking in
When did ZH become CNBC with all of the bullshit after the fact rationalizations for the low volume computer walk-up?
Maybe ZH would not exist without kowtowing to the MSM B/S.
Rip-your-face-off rallies are always a distinguishing feature of bear trends. This bear trend is set to take the ES down to the 1860s, unless the bulls can hit 2096 and break it first. Good luck with that.
If the Fed announces another round of QE here....
+1 it's coming
not yet... not just yet.
Axiom 1 of Yellonomics: What goes down MUST go up...stocks notwithstanding.
Seen these kinds of events throughout life. The best is the "hope she's not pregnant" one, after a couple of positive tests.
Ah ok, so whilst Goldman could not (allegedly) see anyone BTFD, it was they themselves that were doing it.
muppets is as muppets does. [/mama sed]
You fucked up - you trusted that "the markets" move in a sensible, coherent way despite all the evidence to the contrary.
Beware the Ides of September
ECB, Germany & IMF will cave like they always do. Sadly pathetic and predicitble
Most excellent. The fix is in. Place your bets NOW!
Isn't it awesome. Have a referendum. Threaten to leave the monetary union and the next thing you know - you're fucking golden. Fuck if Spain et al are watching this oughta be the recipe to solve all their problems. Greece called out the ECB and won.....in what....a day and a half.
beautiful thing.
No more bull shit stories of banning cash propaganda ? That right there was a sell tell. Always do the opposite of what the cunts are clamoring about and u win every time .
amazing how the fucking s&p and dow and nasdaq recover all there losses, but gold and silver still getting monkey hammered.
cant make this shit up
. . . but they do.
I'm hoping to wake up one day and have a 12 inch johnson, and just like Greece the only chances of that is its going to be up my golo.
So it's official then? He who prints the fiat makes the rules?
Our Celestial Stock Market
Thank you, Jesus