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"Efficient" US Equity Market 'Prices In' Grexit
Presented with no comment whatsoever...
Oh ok... some comments...
So The Dow rallies over 300 points on the heels of a watered-down proposal that we already knew was not enough to satisfy EU leaders and when they turn around and say "nein nein nein" and demand a "time out Grexit" - the worst-case scenario from last week - it gives back just 100 points.
"Efficient" markets indeed.
With Sinn clearly in charge - believing in hope as a strategy is simply a fool's game now; but then again, it's been a greater fool's game for a long time.
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Crash and Burn you Fuckers!!!!
Elevator operator:
“First floor; men’s apparel, children’s clothes, notions, window treatments”
“Next floor; basement, ladies lingerie, bedding, plumbing supplies, Grecian Urns”.
"Socks, clocks, bagels and lox"
Bugs Bunny
Dude!
WTF???!!!!
12 points is a big deal? Click bait. ZH has gotten pretty desperate. Wake me up when futures drop 50.
The point was that the drop has been very small so far compared to the jump on Friday's good news. I think tomorrow morning will see the big decline.
If that was the point, I totally missed it. Something about "Chaos" tends to imply a bigger drop than 12 points, along with the dramatic chart. No, I think I read it correctly. Click bait.
No. That was Popeye.
You forgot to say tons of gold and silver just for tradition.
yasss
The game is rigged, the tide has turned, the "smart" money is getting out...VOLATILITY= spiking declining market to entrap new bagholders of very stinky $hit...NEW MEME: STRCTD...Short the Rips, Cover the Dips
JUMP YOU FUCKERS !!!
Market is still pretty certain a deal will be reached. Either that or the Greece "deal" that was a certainty on Thursday night had nothing to do with the 300-point rise
Market surge last week most likely had much more to do with China's gov stopping their index plunge...even if temporary.
Why would they ever
Stop Rigging??
http://www.usdebtclock.org/#
Look at this and you will know it wont stop till it stops 18,300,000,000
I can see where a Grexit was priced in. Can't you?
It's like Magic Eye, right? Cross your eyes long enough and something will appear.
And gold of course must never go up much before being slammed
It took two years for them to take it from $1,300 to $1,160 and it's getting harder and harder to get it lower. Unfortunately for them things are not going they way they planned. More and more problems are coming up and they have to react to each of them. But the major problem for them is coming: the USA economy is tanking and that is going to strike the final blow the the Us dollar. When that happens they will have litlle gold left and gold will have it's glory.
"When that happens they will have little gold left and gold will have it's glory".
This doesn't make any sense, sorry.
Gold sits there, unchanged, untarnished, unencumbered. It neither has glory nor indignation.
We are so brain washed into expecting massive spikes and falls in financial assets that we cannot help ourselves applying that same thinking to gold.
When you say gold will have it's glory what do you mean? Well, I'll tell you. You mean it will take more US dollars to buy it. Big deal. You and I both know that the US dollar is a worthless piece of coloured paper now, it'll take everyone else a little longer to realise this.
All I know and expect is a year's supply of PMs to be naked shorted at the open
Till they finish the phisical. Between 1945 and 1980 the USA spent 12,000 tons of it to protect the dollar. how much time they can last with their supposedly reamining 8,000 tons since 1980?
Unfortunately, several years of audit/inventory records are missing. No problem, the Feds are on the ball....hollowing out what bars remain, and filling them with tungsten.
"Don't tell people how to do things, tell them what to do and let them surprise you with their results."
-General George S. Patton
NYSE going to have to have an unforseen "hacking" event; and blame the Russians.
We use to only blame the Norh Koreans.
Ah, the good old days.
Yes...lots of glitches this week.
You guys really need some Wave Theory. This should start out as no big deal, an abc corrective...Bull case, until it develops another leg down and turns into 5 waves, which it will. Then when the last low is taken out, and it will be....the down side picks up the serious shit steam....I hope, or baby doesn't get another pair of shoes.....
Germany & co likely floated the worst case proposal to make whatever gets agreed to look better. It's feelling like a greek concession of most items, a technocratic government with elections in the fall. And they'll pull the grexit and $50bln asset takeover parts. Maybe a few more, like the union rules. The pensions and others will remain, and it will be worse overall.
Better to open like this for the shorts than down heavy and they just turn it around.
jack be nimble
jack be quick
jack watch out for that big green candlestick.
if it wasn't greece groundhog day would serve just as well for the s&p head fake. as long as we have zirp you must btfd. that is all bitchez.
Aaaaaand it's back.
Futures to be green by the US open on more "X hopeful a deal will be reached tomorrow"/ "we are closer to a deal than ever" headlines.
only machines and fools long in the ussa markets
long = .5 milliseconds for a machine
yep. think like an algo. you just snorted a huge line of cyber coke. are you going to then hit "buy" or "sell"? case closed.
US futures will br green before Monday's open. Long slow grind up overnight.
software update tomorrow! Did you guys get the memo?
The financial situation in Greece, France, Spain, Portugal or the US, China , Japan or any country in increasingly dire financial condition seem headed in one similar direction. Who will go down first? Hardest? Will that nation state take the rest with it? Can the global financial ship change course without disastrous consequences? We'll see. Anything is possible. But right now beyond our individual ability to change it.
Where there is a will there is a way is an old saying. And I am confident most see the need for global change. The hardest part would be getting everyone on board for a positive change. I've dealt with many cultures in my life and sayings may be just as much in common across these
societies as each one's love of their food. It is amazing how many have an identical or almost identical sayings and they don't even realize it.
Greece is at a crossroads financially. Still, I can't thank the Greek culture enough for their numerous contributions through history. One that comes to mind immediately is Platos' Timaeus. Absolutely brilliant in my humble opinion. The message and conceptual ideas contained within are no less that astounding when you consider it was more than several thousands years ago. And it is not only relevant today but easily applicable in ways that most physicians wouldn't even consider in a modern office visit. This I could prove beyond a doubt.
And the French have made many outstanding contributions. Not just in the obvious like art, food or wine. Or the etymological contributions through their harmonious language. But many others that are no less inspirational as well. For example Louis Pasteur's Germ Theory of Disease, research on microbiology and fermentation has been inspirational in my own efforts towards creating intellectual property that will benefit many throughout the world.
I've only touched on a tiny fraction of the many cultures that have my deepest admiration and respect for their contributions. Additionally, know that in my own small way I take every opportunity available to encourage the younger generations and lead by example. Recently I encouraged a young relative to take French as their preferred second language and to use that in building their foundation in the trivium.
Please join me in both learning and sharing as much as you can about any culture, including your own, so that we may learn from our past experiences and mistakes to better preserve our future. Your honorable assistance may provide the start to not only facilitate a better cross-cultural understanding of each other, but also enable us to more easily set aside our differences and build a better future for everyone.
Thank you for your time and attention to this post.
Merci beaucoup
??? ????????? ???? - This was Greek for Thank you very much but didn't come out in the text right when posted.
More is expected of those who had good fortune, are naturally gifted, or have been shown special favor.
À qui il a été beaucoup donné, il sera beaucoup demandé.
P.S. Please excuse my faux pas of not including all countries. I have reworded it so that all will be included.
central banks bid back 12 of the 20 drop - FK YA!!!
How much MOAR STAWKS do you need to feed on you fat fucking cunt yellen?
In all honesty, part of that rally was based on the 1/2 open Chinese market ponzi rally Thursday & Friday.
But yeah, it's pretty much a dog and pony show, since the shitty jobs numbers haven't been discounted.
Tsipras is on a tight leash and doing everything possible to signal to the entire universe that Greece is Germany's bitch. Can't imagine he could bend any farther to signal complete capitulation. The 'markets' can see he's been 'captured.' Unless he's toppled, it looks like Greece has been totally humiliated and defeated in large measure thanks to him.
It's all very simple. short sellers have finally grown up.
rubearish10; this one did.
Every crisis causes a selloff which is then eclipsed by rally that makes up for it and then some. That's been the pattern for the past seven years. In this way, negative news actually helps the market hit new highs.
DAX making new lows down 1.55%:
http://www.investing.com/indices/us-30-futures-advanced-chart
WonderDawg; my precise thoughts and even the same number.
Wait! Wait!! Do you realize if that "100 point" drop slides to... say.... down 125, that will break the NYSE system. Then they will close it, again, and wait till the Dow can "recover" and close up , heading to new record highs. Doesn't seem rather odd that in the last few years, the only time the market stops trading, is when it's way down. The NYSE never breaks down when it's up. Rather odd, for a "free market" exchange, huh? sarc/
Maybe it's all part of the Fed's "Plunge Protection Program".
Maybe it's all part of the Fed's "Plunge Protection Program".
In confused markets are only supposed to go up. Is the frustration that it is going down 100 instead of up 100?
Currently the Dow is only marginally retracing Fridays gains. Nothing but a blip.
Already priced in? Give me a break. Every time someone fears the market is going to take a hit the source of that potential decline always seems to be declared as "priced in" or "baked in". Conversely, any event indicating a substantial market rise is seldom "priced in" but is is just a "pleasant surprise" and something to be taken advantage of.