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If "Greece Doesn't Matter" Then Why Did This Just Happen?
The S&P 500 is experiencing its best 3-day performance since December...
Having retraced the entire post-Greferendum drop...
So does Greece matter after all?
Charts: Bloomberg
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Only when it's to the upside in stocks, or the downside in metals does anything matter.
nah, it's rallying due to the strong fundamentals, such as "the sky is blue" or "no ISIS fighters were located in montevideo, uruguay"
I'm going to call my pornstar friend and see what she thinks
"I'm used to getting fucked, so I figure it was a no brainer to be in the stock market."
If we are the last remotely sane people in this world, can things ever change?
Chinese manipulation of the SHCOMP is the naked version of how our markets are manipulated.
China has the ability to make people disappear, but we're catching up......
Rumors are so much better than the real thing, so buy those magical stocks now, before some other idiot......
Nothing matters
We are the indispensable nation
We are in control
Nothing to see here, move along
China got fixed at the same time Greece did. And in China they fixed it at gunpoint, which is, of course, the very best way to fix things if you're a statist/central planner. I think this had as much to do with the market turn-around as the Greece situation.
Hmmmmmmm....... Not hearing a peep about earnings; they must be fantastic and S&P is just responding to overwhelming prosperity.
Sacre Bleur!
SURE! It's bullish!
BTFTop please.
Hold my bag...please
and here in all it's splendor: it's always and all about the US Stock Markets. let's declare the whole rest of the world a mere derivative of the US Stock Markets, or just an excuse to find "reasons" why it goes where it goes. beginning from "bad news is good news"
Not only are other markets derivatives of the US Market, its crazy how the entire sentiment of the US economy rides on how the fucking DOW or S&P are doing. The fact that a slide in the DOW can send the entire economy to the nut house should scare the fuck out of everyone.
Again...start converting your euro's to gold or dollars.
This looks like the beginning of a textbook Bank Run to me.
One way to "convert to dollars" is to buy US equities.
A very good way actually.
Next up: the Mexican Peso.
If that collapses "all hell gonna break loose in the foreign exchange market."
The algos have their path to take, the details are for the herds to associate "reasons" for the centrally planned economy.
This is fist-pumping by gOldman's algos. USSA neocons imposed their will on the eUrocrats; there's a deal and no grexit. Germany got mad and made the terms even worse for Greece as a little vassal temper tantrum.
That is ~precisely~ how it went down, S&B. All the stuff about the steely-eyed hausfrau was/is a foil. As long as she follows State Department Diktat, there is 'harmony'...
NATO is not over there to protect our European friends.
I give up.
Im all in.
Ouch my balls!...Said the deer as he stared into the oncoming headlights.
Market dynamics
Good, now the Fed can raise rates in September. I'm going to, ahem, attempt to short the markets in the very near future. That is, if i'm not arrested for doing so.
Arrested? That's for amateur, primitive "markets." In modern markets, anyone can serve as a mark. Better yet, it's your participation that gives life to the zombies.
So... you're betting on the speed of the steamroller. Feeling lucky?
Here manipulation is working so well you just get squeezed and margin called instead of arrested. Don't try to short this abomination they call a market!
Just short the VIX leveraged etfs like UVXY and only play that.
Good luck with that this week
Greece doesn't matter. Headlines Greece generates MATTER!
The new normal ;-)
must move the market up as fast as possible to sell as much paper as they can before the Greek "deal" comes apart as we all no it will
the last thing that went through the bugs mind when he hit the windshield.......................his asshole.
The new Greek agreement is bullish for maximum EU instability.
i always thought a deal would get done. ive yet to see a world leader(s) who have the balls to really deal with this debt issue before it blows.
i still contend japan will be the trigger. not sure when & how much but just seems IMO they are the one with the big enough economy (3rd largest) who is furthest down this path of debt monetization, insane debt-to-GDP, etc. when they blow, shit hits the fan. but then again, what the hell do i know? im only the guy who sold all his stocks, bonds, and house this year because the insanity hit levels i simply could not justify anymore. kinda like piling another 100 billion euros on-top of greece's debt load and dreaming that "hyper-growth" is right around the corner which will pay it all back.
Of course it matters because of the easy money. When you give a bumb on the street a dollar do you expect to get it back? He then eats for free! Although giving a bumb is not technically a loan, it's analagus to Greece.
whats more fascinating is that the ''market'' was pumped up to these levels this morning at the open, and no ''investors'' want to take any profits.
its like on auto pilot, no volatility whatsoever.
EVERYTHING IS AWESOME!!!!
It never matters... until it does. And I'll be the last to know where the markets are concerned. All I see are lines moving up and down, like the tide rolling in and out. At least the tides are predictable, and they can't be bundled. I'm sure the squid is working on tidal futures somewhere. Perhaps Japan, where there is a great risk of tsunamis, they can sell some financial instruments to Tokyo to mitigate the risks, and buy their own enslavement to the squid.
Long radioactive macha!
In other news, local coin store guy compared the last two weeks to 2010/11 when he couldn't keep silver inventory for very long. He even sold a monster box to another dealer at a show yesterday.
And it's a beautiful thing to behold, because while you stand on a foundation of rock, the floorboards above with partygoers dancing, have already caught fire from underneath.
Meanwhile, in the UK:
http://www.gloucestershireecho.co.uk/Woman-driver-crashed-van-pleasuring...
According to the article, the situation is now in good hands.