Investors Go All-In On Europe

Tyler Durden's picture

Investors added $871 million to the Vanguard FTSE Europe exchange-traded fund in the five days through Friday, pushing the largest European ETF to its largest two-week inflow in history.


As Bloomberg notes, investor optimism after last week’s agreement between Greece and its creditors, and Macron's successful majority in French parliament have helped pull hot money into Europe. Hedge funds increased their euro positions to “net long” in the week ended June 13 for the first time in more than three years, Commodity Futures Trading Commission data show. And overall net Euro futures positioning is now at its longest in over 6 years...


Further supporting the relative risk appetite for European assets is the massive outperformance of its economic data relative to the US...


But of course, as we have shown before, it appears hi-tech, high-valuation, high-momentum US equities remain the favored vehicle for central bank sheet expansion to save the world...

We'll just have to see how this ends.

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FullHedge's picture

Let's see that first chart again when it all comes crashing down!

Haus-Targaryen's picture

My apathy to this market knows no bounds. 

I guess this is just the end of the bull market shaking off weak bear hands, or its all manipulated and will keep going up forever. 

One of the two, I am not sure which I will be. 

Slack Jack's picture

Investors Go All-In On Europe: Investors remember not to invest in low-lying areas of Europe.

Areas like London, Berlin, Paris, etc are very poor investment areas.

These cities will eventually be under water and thus make bad long term investments.

So, why is the global rise in temperatures so worrisome?

For one thing, as temperatures rise good farmland will become desert (e.g., dust-bowl conditions will probably return to the American Midwest).

Another major problem is sea-level rise.

Have a look at

The U.S. Geological Survey people claim that;

The Greenland ice sheet melting will raise sea-level 6.55 meters (21.5 feet),
the West Antarctica ice sheet melting will raise sea-level 8.06 meters (26.4 feet),
the East Antarctica ice sheet melting will raise sea-level 64.8 meters (212.6 feet),
and all other ice melting will raise sea-level 0.91 meters (3 feet).

For a grand total of 80.32 meters (263.5 feet).

So, what does an 80 meter (263 feet) rise in sea-level mean. Have a look at the following map of the world after an 80 meter rise. It means that over one billion people will have to be resettled to higher ground and that much of the most productive agricultural land will be under water. Fortunately, at current rates, the Greenland ice sheet will take over a thousand years to melt and the Antarctica ice sheet, much longer. However, the greater the temperature rise the faster the ice sheets will melt, bringing the problem much closer. Remember, the huge ice sheet that recently covered much of North America, almost completely melted in only 15,000 years (today, only the Greenland ice sheet, and some other small patches of it, remain). Since then (15,000 years ago), sea-levels have risen about 125 meters (410 feet), only 80 meters to go.

For HUGE detailed maps of the "World after the Melt" go to:

harrybrown's picture

Wasn't it Al Gore with his FAKE DATA who said
"We'd all be under 20 ft of water by 2015 if we didnt act immediately"

The inconvenient truth lolololololol

The Great Global Warming Swindle (A 2007 Documentary)

AllOfGood's picture

I'm making over $7k a month working part time. I kept hearing other people tell me how much money they can make online so I decided to look into it. Well, it was all true and has totally changed my life. This is what I do...

Aussiekiwi's picture

'So, what does an 80 meter (263 feet) rise in sea-level mean'

At last some reasonable priced real estate!!

Slack Jack's picture

So, who is Al Gore? Is he some knowledgeable authority?

AllOfGood's picture

I'm making over $7k a month working part time. I kept hearing other people tell me how much money they can make online so I decided to look into it. Well, it was all true and has totally changed my life. This is what I do...

Haus-Targaryen's picture

I love watching spammers spam trolls almost as much as I hate waiting for ads on Youtube to buffer.  


Haus-Targaryen's picture

So what you're saying is I should front-run this by buying as much land where our future beaches will be, and then drive in traffic circles for hours to speed up the process? 

Slack Jack's picture

Ah,.... yeah. And sell all your Manhattan real estate.

xtremers9's picture

You do know that the European economy as a whole is improving right? Even goldman's ceo said so yesterday on cnbc

The overall trend in the global economic data is pointed upwards

Haus-Targaryen's picture

Funny how the "European" economy grows by some EUR 60 billion a month.  Something special about that number ... I just cannot place it ... 

harrybrown's picture

As its all rigged then all these charts.....

To hell with the zionist money changers

buzzsaw99's picture

any semblance of a real market died in 1987.

2banana's picture

Britain wants to leave

The Greeks are bankrupt and will leave

The Czechs and Poles will leave if they force them to accept the moocher muslim rapists

Italy is bankrupt

Spain is bankrupt

France will be islamic terror state within 20 years

And in Belgium itseld - it will be unsafe to walk the streets unless in a burka or with heavy security


What could go wrong...?

JerseyJoe's picture

I am sure all the refuse EU has swallowed lately will do wonders to help their economies by more gubmint spending to house, feed and educate these illiterates.   Oh yeah and prosecute them for rapes, stabbings and general acts of terror.

Xredsx's picture

There will come a point in the Brexit negotiations when people will get a sniff of the fact that the EU is going to break apart. Then the money will flow out of Europe while everyone dumps their euros. 

2banana's picture

The Dollar and the Euro are both fiat.

The dollar:

Backed up by the mightiest military in the history of the world

The currency of 50 states with a common language, history and common fiscal policy

Has an ocean between islam and its borders

The Euro:

No army

The common currency of 47 states with no common language, history of fiscal policy

Is a car ride or short boat ride away for islam and islamic terror


Neither the Dollar or the Euro are perfect by any stretch.

But which looks like a better longer term bet?


Xredsx's picture

Well we know this debt based economy isn't going to stand forever so i would back the one with the most gold. London is storing the most gold and i am pretty sure that who and what  ever replaces the current global economy model with a new one will come from London. So yeah i would back the British pound. But not just yet though. 

Pol Pot's picture

In the 80s Porn starlets would line up to see who could take down John Holmes. Who ever took down the entire load would get the leading part, knowing the risk that they could choke on the entire load, they still lined up. How are hedge fund managers any different from these aspiring starlets.

Ouagadoudou's picture

Anything with PE < 24 is a buy these days

Cordeezy's picture

The Euro is tied to so many countries that are faltering like Greece, Spain and Italy.  If even one fails then whole EU project could come crashing down.  The ECB can step in to save the day so can the IMF but this is only kicking the can down the road to delay the inevitable.  I don't understand the logic in this investment.  The media says that the EU is under priced right now though, so that could be a majority of it right there.


falak pema's picture

America's Capitalists feeling the Macron effect; running away from the Duck's #Maga wigwam Deplorables fire water dance; stymied by May-day's Brexit burning tower of Bullingdon Boys bull shitting club-- as now rejected special partners in financial wizardry of the bygone, fast receding Libor-Eurodollar cum Eurobor era.

When the hot money runs like spice from America's cauldron to wherever there is hope of a new Kairos moment.

Oh how the Oligarchy God of Hot money--offshored and protected by TPTB-- as the new lord of global Olympus challenged by the Titans of Asian PIVOT-- wants his holy cow  Europa to hold his financial thunderbolt in her sweet protective arms; under the severe look of Mutti Hera; suspicious as ever of Europa's Macronian new horizon serenading of her Lord, who rules her lands since WW2 from behind the Nato curtain.

Is Macron a Mutti compatible asset for European resurgence or a US Oligarchy capital's trojan horse; a Blair-Sarkozy look-alike?

We'll soon find out! 

The Duck's wigwam dancing is currently pushing the French elites towards the Charlemagnian horizon ! 

Kairos, a minor GOd... until the world goes topsy turvy!

Thebighouse's picture


You mean Kodura and Draghi?