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And In The Meantime, The German Stock Market Plummets

Tyler Durden's picture




 

While Buffett is forced to bailout America's most insolvent bank, which just confirmed our prediction that it will need to raise capital (although this capital raise was far lass than what will be finally needed), Europe has realized that it has no kindly-looking, ukulele-playing, no-income-tax-paying billionaire equivalent to bailout Intesa, SocGen, UniCredit, etc, etc, oh, and tomorrow, the short-selling bank is supposed to expire. End result: DAX flash crashes, and no rebound yet.

 

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Thu, 08/25/2011 - 10:13 | 1599274 unky
unky's picture

Might have something to do with problems in the german coalition (CDU and FDP)

Thu, 08/25/2011 - 10:14 | 1599283 HelluvaEngineer
HelluvaEngineer's picture

That or the global depression.  Hard to say.

Thu, 08/25/2011 - 10:20 | 1599330 Fish Gone Bad
Fish Gone Bad's picture

The DAX got the ax.

Thu, 08/25/2011 - 10:24 | 1599353 caerus
caerus's picture

lol

Thu, 08/25/2011 - 10:29 | 1599378 WonderDawg
WonderDawg's picture

The PPT took their eyes off Germany for a couple of minutes and look what happens. Should be interesting to watch the markets seesaw this morning as the global PPT bounces between Europe and US markets.

Thu, 08/25/2011 - 10:41 | 1599446 gmrpeabody
gmrpeabody's picture

There are a lot of balls being kept in the air...

Best to not look away.

Thu, 08/25/2011 - 10:48 | 1599496 espirit
espirit's picture

Fin's aren't going to rollover and take less than GOLD for their support.

So there!

Thu, 08/25/2011 - 10:55 | 1599537 Phillips Capital
Phillips Capital's picture

Did the Rothschild's just go long XLF and short DAX???!?!?! Cheeky bastards!  

Thu, 08/25/2011 - 10:30 | 1599360 DormRoom
DormRoom's picture

there is not a global depression.  The state of a nation's economy is reflected in its balance sheet, prior to QE, and its money supply.

 

Asia Pacific-Brazil-Infation

US, Europe, Japan- deflation.

UK - stagflation

 

QE indirectly distorts a nation's money supply, from the currency markets, as hot money flows into it, and a central banks have to print money to offset currency appreciation, thereby increasing the money supply.

 

externalities.

 

Thu, 08/25/2011 - 10:51 | 1599516 He_Who Carried ...
He_Who Carried The Sun's picture

Its been the US Jobless Numbers, silly. Look at the time and "no rebound"?

Better look again:

 

http://www.boerse-frankfurt.de/DE/index.aspx?pageID=168

Thu, 08/25/2011 - 11:22 | 1599709 hunglow
hunglow's picture

That is a pencil holder, right?

Thu, 08/25/2011 - 11:16 | 1599671 It is a bargin ...
It is a bargin my friend's picture

HE -I just laughed so hard at that a bit of wee came out......I should get that checked out really

Thu, 08/25/2011 - 10:18 | 1599307 slaughterer
slaughterer's picture

Well, I guess size does matter for Germans:

  • German finance minister says EFSF in current size "will be sufficient" Thu, 09:10 25-08-2011
  • Thu, 08/25/2011 - 10:20 | 1599320 unky
    unky's picture

    German finance minister is a disabled gay lier

    Thu, 08/25/2011 - 10:43 | 1599463 gmrpeabody
    gmrpeabody's picture

    Ouch...

    I take it you have inside information.

    Thu, 08/25/2011 - 11:09 | 1599630 PY-129-20
    PY-129-20's picture

    Disabled - well he was shot three times...(Smith and Wesson, cal .38)
    Gay - who knows - well officially he is married and has children. But does it matter?

    Your last point - liar. Well, yes and yes. He is a thief and a liar and someone that has no respect for the general public or the parliament or democracy. That's why I really dislike him and what even makes me furious at times.

    Thu, 08/25/2011 - 10:21 | 1599333 Silver Dreamer
    Silver Dreamer's picture

    It's not the size that matters but how you use it, ehh? lol  In that case they're screwed twice over.

    Thu, 08/25/2011 - 10:36 | 1599420 DaveyJones
    DaveyJones's picture

    if they hadn't removed their financial condoms before screwing everyone, we'd all be healthier.

    Thu, 08/25/2011 - 10:30 | 1599386 BlackholeDivestment
    BlackholeDivestment's picture

    ''problems in the german coalition'', you mean like this >>> http://www.spiegel.de/international/germany/0,1518,782171,00.html

    Thu, 08/25/2011 - 10:32 | 1599402 unky
    unky's picture

    yes, this and other things. but honestly i doubt this could lead to such a sharp sell-off. i guess we will hear about what it was later on today

    Thu, 08/25/2011 - 10:13 | 1599276 John Bigboote
    John Bigboote's picture

    "kindly-looking, ukulele-playing, no-income-tax-paying billionaire"

    So fucking hilarious!

    Thu, 08/25/2011 - 10:28 | 1599369 Almost Solvent
    Almost Solvent's picture

    And I know of many decent, hard working middle-class ukulele-playing ordinary citizens who now have to be lumped in with Comrade Buffet.

     

    Thu, 08/25/2011 - 10:44 | 1599466 snowball777
    snowball777's picture

    They aren't too kindly-looking of late and do pay taxes; no lumpenproling required.

    Thu, 08/25/2011 - 10:48 | 1599494 Helmholtz Watson
    Helmholtz Watson's picture

    "kindly-looking, ukulele-playing, no-income-tax-paying billionaire"

    Ich bin ein has-beener

    Thu, 08/25/2011 - 10:14 | 1599279 slaughterer
    slaughterer's picture

    DAX: it is just Buffet pulling his money out of German companies to cover his check to Moynihan.

    Thu, 08/25/2011 - 10:16 | 1599293 BurningFuld
    BurningFuld's picture

    You could be onto something there. Buffet sees the Euro biting the dust first.

    Thu, 08/25/2011 - 10:27 | 1599364 ZeroPower
    ZeroPower's picture

    DAX is down on short selling ban rumors...hearing this from traders this afternoon.

     

    Thu, 08/25/2011 - 10:14 | 1599284 TradingJoe
    TradingJoe's picture

    Das war aber schnell! Gell?!?! :)))

    Thu, 08/25/2011 - 10:19 | 1599298 Frog-And-Toad
    Frog-And-Toad's picture

    Auch, meine Pensionskasse!

    Thu, 08/25/2011 - 10:16 | 1599291 Ancona
    Ancona's picture

    Acupulco Cliff Diving Bitchezzzzz.

    Uno mas Corona por favor camarerro.

    Thu, 08/25/2011 - 10:16 | 1599294 anyways
    anyways's picture

    Könnte auch fat finger gewesen sein..

    Thu, 08/25/2011 - 10:22 | 1599341 TradingJoe
    TradingJoe's picture

    Wessen Finger?! :))) Warren's?! :)))

    Thu, 08/25/2011 - 10:37 | 1599426 NumberNone
    NumberNone's picture

    Waffe & Reich take responsibility.

    Thu, 08/25/2011 - 10:16 | 1599295 slaughterer
    slaughterer's picture

    NYSE brought the "flash crash" virus to Frankfurt. 

    Thu, 08/25/2011 - 10:18 | 1599306 Irish66
    Irish66's picture

    Volume?

    Thu, 08/25/2011 - 10:37 | 1599423 fx
    fx's picture

    Huge volume

    Thu, 08/25/2011 - 10:19 | 1599310 Oh regional Indian
    Oh regional Indian's picture

    I had to laugh when I read this:

    "oh, and tomorrow, the short-selling bank is supposed to expire"

    Perhaps will be seen as a really prophetic, freudian slip. Funny!

    Vivek

    http://aadivaahan.wordpress.com/2011/08/24/precursor-03-bottom-falling-out-still-still-and-a-gander/

    Thu, 08/25/2011 - 10:44 | 1599471 Founders Keeper
    Founders Keeper's picture

    Caught that. 

    (sic)/off.

     

     

    Thu, 08/25/2011 - 10:19 | 1599312 scratch_and_sniff
    scratch_and_sniff's picture

    BTFD!!!

    Thu, 08/25/2011 - 10:19 | 1599314 slaughterer
    slaughterer's picture

    Wo ist Brian Sack? 

    Thu, 08/25/2011 - 10:19 | 1599316 Irish66
    Irish66's picture

    Utility stocks

    Thu, 08/25/2011 - 10:19 | 1599317 IMA5U
    IMA5U's picture

    it does not mater tyler    people are in bliss until september

     

    (actually people got caught too short and this is a short squeeze worthy of 2008)

    Thu, 08/25/2011 - 10:20 | 1599324 bigfire
    bigfire's picture

    Mother of Chrome, WTF was that?  Jesus on a pogo stick, we're heading for a wild ride.

    Thu, 08/25/2011 - 10:20 | 1599325 lizzy36
    lizzy36's picture

    Rumors of a German Downgrade.

    Maybe due to this? :

    the ECB has effectively left Germany holding the bag to the entire European bailout via the blank check SPV. The cost if things go wrong: a third of the country economic output, and the worst case scenario: a depression the likes of which Germany has not seen since the 1920-30s. Oh, and if France gets downgraded, Germany's pro rata share of funding the EFSF jumps to a mindboggling €1.385 trillion, or 56% of German GDP!"

    http://www.zerohedge.com/news/merkel-facing-german-revolt-over-greek-bailout

    Thu, 08/25/2011 - 10:26 | 1599361 unky
    unky's picture

    Germany is the last one to be downgraded. First of all Germany will ask to have Gold as collateral for new loans to the PIIG countries (http://www.spiegel.de/wirtschaft/soziales/0,1518,781885,00.html) then, when they have it all, they will bancrupt Germany and hand the Gold over to the U.S. (to the Fed for example). Fortunately most of the Gold already resides in NY vaults

    Thu, 08/25/2011 - 10:50 | 1599509 gmrpeabody
    gmrpeabody's picture

    Funny, but most of us think the vaults hold a lot less than you do. At least, the public vaults.

    Thu, 08/25/2011 - 11:06 | 1599608 unky
    unky's picture

    yes true, but just like what Chavez did they want to avoid: Someone requesting their gold. THerefore it will not matter if the vaults just contain gold plated tungsten

    Thu, 08/25/2011 - 10:35 | 1599417 snowball777
    snowball777's picture

    It's all good...assuming they can convince the PIIGS to put up 33k tonne of 'collateral'. LOL

    Thu, 08/25/2011 - 10:58 | 1599553 IMA5U
    IMA5U's picture

    bloomberg keeps on trying to blame the german stock mkt puke on "flash crash"

     

    the liberal media working for the administration

    Thu, 08/25/2011 - 12:16 | 1599956 Citxmech
    Citxmech's picture

    The media works for their owners - just the same as both political parties.

    Thu, 08/25/2011 - 10:20 | 1599327 Brokenarrow
    Brokenarrow's picture

    when the sp is 600 and we are in a civil war, who will zh attack next? who will buy this site? when the game is over, who cares?

    and, btw, i hate ws and the market..........

     

    just askin

    Thu, 08/25/2011 - 10:24 | 1599351 Arrowhead
    Arrowhead's picture

    are you lookin for me?

    Thu, 08/25/2011 - 10:31 | 1599389 HelluvaEngineer
    HelluvaEngineer's picture

    If we're in a civil war, I know I'll be attacking the fucking Yankees. You?

    Thu, 08/25/2011 - 11:25 | 1599720 InconvenientCou...
    InconvenientCounterParty's picture

    how do you recognize the good guys and the bad guys? How will people recognize true genius like you?

     

    Thu, 08/25/2011 - 12:12 | 1599930 tmosley
    tmosley's picture

    I'll be attacking anyone who attempts to systematically exert involuntary force over others.

    Thu, 08/25/2011 - 11:19 | 1599689 tmosley
    tmosley's picture

    If posting the truth is an "attack", then you have bigger problems.

    Thu, 08/25/2011 - 10:20 | 1599328 Gandalf6900
    Gandalf6900's picture

    -4

    Thu, 08/25/2011 - 10:23 | 1599344 slaughterer
    slaughterer's picture

    Cook wants to add ZH as a desktop feature for all new iPads.  AAPL will be making an offer to Tyler soon for rights over iZH. 

    Thu, 08/25/2011 - 10:44 | 1599478 snowball777
    snowball777's picture

    <- Poke the left one

    <- Poke the right one

    Thu, 08/25/2011 - 10:20 | 1599329 Byte Me
    Byte Me's picture

    Maybe someone whispered DEM ??

    Nah...

    Thu, 08/25/2011 - 10:21 | 1599335 slaughterer
    slaughterer's picture

    People better set their stop losses on the ES.  What just happened in Germany is scheduled to happen in the US today or tomorrow. 

    Thu, 08/25/2011 - 10:25 | 1599355 SheepDog-One
    SheepDog-One's picture

    Yes exactly, and everyone will be caught off guard. 'Ultimate dumb money indicator' RoboTrader sealed the deal with his earlier post this morning 'Im warning you now, this coming fear based rally will be one for the history books!' 

    Thu, 08/25/2011 - 10:30 | 1599384 Arrowhead
    Arrowhead's picture

    good place for some ATM oppies on the sp. I think I'll take my advise.

    Thu, 08/25/2011 - 10:31 | 1599391 Arrowhead
    Arrowhead's picture

    calls and puts

    Thu, 08/25/2011 - 10:35 | 1599416 HelluvaEngineer
    HelluvaEngineer's picture

    They might hold it together today but I think tomorrow is going to be a friggin bloodbath.

    Thu, 08/25/2011 - 10:48 | 1599497 snowball777
    snowball777's picture

    Like a weathervane in Irene aren't ya?

    Thu, 08/25/2011 - 10:22 | 1599337 monopoly
    monopoly's picture

    Just the beginning. And, just added half the physical gold right here at these prices. And if drops another 100 or so will add the other half. Miners sell off over??? Ask me at 4 PM>

    :)

    Thu, 08/25/2011 - 10:22 | 1599340 irishlink
    irishlink's picture

    Something to do with a Pennsylvania bond downgrade?

    Thu, 08/25/2011 - 10:23 | 1599342 marcusfenix
    marcusfenix's picture

    Eurocliff...

    Thu, 08/25/2011 - 10:23 | 1599345 SheepDog-One
    SheepDog-One's picture

    Global collapse inside a global 'dont worry, be happy' overall bubble of delusion....JUST GREAT!!

    Thu, 08/25/2011 - 10:30 | 1599383 Spastica Rex
    Spastica Rex's picture

    Dissonance, bitchez.

    Thu, 08/25/2011 - 10:23 | 1599347 alexwest
    alexwest's picture

    WATCH OUT OIL.......

     

    ALX

     

    Thu, 08/25/2011 - 10:39 | 1599431 Arrowhead
    Arrowhead's picture

    As a producer, my near future is not so bright. I think I'll take my sunglasses off now.

    Thu, 08/25/2011 - 10:24 | 1599349 Crumbles
    Crumbles's picture

    It's astounding, 

    Time is fleeting, 

    Madness takes its' toll

    Look closely, it's not for very much longer

    I've got to keep control !

     

    Tune for our Times ...

     

    http://www.youtube.com/watch?v=aizCMO-mI1Q&feature=related 

    Thu, 08/25/2011 - 10:31 | 1599388 Spastica Rex
    Spastica Rex's picture

    Rocky Horror Show +1

    Thu, 08/25/2011 - 22:31 | 1602640 StychoKiller
    StychoKiller's picture

    "It's just a step to the left..."  :>D

    Thu, 08/25/2011 - 10:24 | 1599350 LookingWithAmazement
    LookingWithAmazement's picture

    REBOUND. Boring world we live in.

    Thu, 08/25/2011 - 10:25 | 1599354 Caviar Emptor
    Caviar Emptor's picture

    Merkel dissed by Kohl today just before crucial vote

    Thu, 08/25/2011 - 10:25 | 1599357 irishlink
    irishlink's picture

    Well  IT has just trimmed Buffet's profits on this mornings deal!

    Thu, 08/25/2011 - 10:27 | 1599368 AngryGerman
    AngryGerman's picture

    unicredit has gaddafi!

     

     

    oh wait

     

     

    NOT!

    Thu, 08/25/2011 - 10:27 | 1599370 irishlink
    irishlink's picture

    If they downgrade GERMANY who will bail out the rest of us? This is getting crazier by the millisecond. 

    Thu, 08/25/2011 - 10:29 | 1599376 PulauHantu29
    PulauHantu29's picture

    Gold. Germans want all the Gold in Europe, and funny thing, they will get it from the wasteful non-productive olive countries as collateral.

    We give you paper EU notes...and you hand over yoru gold.

    It's a Deal!

    Thu, 08/25/2011 - 10:29 | 1599380 traditionalfunds
    traditionalfunds's picture

    BofA to Warren:

    "rape me"

    http://www.youtube.com/watch?v=JkoIkHviVcw

    Thu, 08/25/2011 - 10:29 | 1599382 coscorra
    coscorra's picture

    there were rumours early today of a short selling ban on dax to be implemented today at close...so is everybody rushing to put shorts before the ban?   so once you can not go short of any euro equity index, it will be time to engineer a short squeeze....

     

    Thu, 08/25/2011 - 10:37 | 1599421 lizzy36
    lizzy36's picture

    German regulators have come out and said no plans and no conditions to warrant widen the short selling ban.

    Thu, 08/25/2011 - 10:56 | 1599543 IMA5U
    IMA5U's picture

    thanks lizzy

     

    so basically the german bulls want a kommunist market

    Thu, 08/25/2011 - 10:32 | 1599401 Sow-puncher
    Sow-puncher's picture

    The only save haven that is still existing... lemme tell ya: PM's, bitchez. Get the blingbling while available!!!!

    Thu, 08/25/2011 - 10:33 | 1599405 tmosley
    tmosley's picture

    Sorry guys, this is all doomer goon nonsense.  Reality has a well known doomer bias.

    Thu, 08/25/2011 - 10:37 | 1599424 AngryGerman
    AngryGerman's picture

    Yep, just smile and sing a merry song when you buttraped by the gang of old white men!

    Thu, 08/25/2011 - 11:21 | 1599704 tmosley
    tmosley's picture

    If you're in your happy place, in your cave, with your power animal, are you really being butt raped?

    The trolls deal with it like the dead.  They ignore their burning flesh, and the possibility for gaining true understanding, and instead steep in their own ignorance.

    So sad.

    Thu, 08/25/2011 - 12:21 | 1599983 Citxmech
    Citxmech's picture

    So is Warren sitting in a dark room somewhere with his hand in a hollowed out copy of Keynes's General Theory repeating over and over "fear is the mind killer?"

    Thu, 08/25/2011 - 12:43 | 1600119 Greater Fool
    Greater Fool's picture

    Just another day for Warren "Kwisatz Haderach" Buffett, I guess.

    Thu, 08/25/2011 - 22:34 | 1602646 StychoKiller
    StychoKiller's picture

    More like Baron "Warren" Harkonen! :>D

    Thu, 08/25/2011 - 10:41 | 1599408 Negro Primero
    Negro Primero's picture

    FRANKFURT, Aug 25 (Reuters) - The euro will not fall apart because the political mechanisms of the European Union in its existing form would not condone such a move, German Finance Minister Wolfgang Schaeuble said on Thursday.

    He added that what is good for Greece is good for Germany.

    -----------------------------------------------------------------

    25-08-2011 16:37  Germany's Schaeuble: MPs have enough say in EFSF

     

    FRANKFURT, Aug 25 (Reuters) - Germany's Finance Minister Wolfgang Schaeuble said on Thursday that criticism that the country's parliament did not have enough say in the debate on the European rescue fund EFSF was not justified.

    He also said an agreed increase of the EFSF to 440 billion euros would suffice to calm markets and, when asked if the euro would still be around in 10 years, he answered: 'I definitely think so.'

    Thu, 08/25/2011 - 10:42 | 1599450 AngryGerman
    AngryGerman's picture

    the wheels go round and round, round and round, round and round

    Thu, 08/25/2011 - 22:37 | 1602657 StychoKiller
    Thu, 08/25/2011 - 10:35 | 1599413 GiantWang
    GiantWang's picture

    Just so I'm clear, every time anyone says "bloggers" on CNBC what they really mean is "ZeroHedge . . . oh, God how I wish I hadn't sold my soul and had actually decided to tell the truth and be a leader."

    Tyler, thank you for being our leader.

    Thu, 08/25/2011 - 10:39 | 1599434 Irish66
    Irish66's picture

    Simon is toast

    Thu, 08/25/2011 - 10:38 | 1599427 oogs66
    oogs66's picture

    BROKEN!!! 

    Thu, 08/25/2011 - 10:41 | 1599447 FubarNation
    FubarNation's picture

    I've been brushing up on WWII history lately and it is ironic that Germany may indeed rule Europe again.  You gotta give Hitler some credit as he really took a post WWI shithole and built an incredible machine.  I'm always on the lookout for the same thing to happen elsewhere when things get really desparate.

    Thu, 08/25/2011 - 10:53 | 1599525 Global Hunter
    Global Hunter's picture

    the symbols, uniforms and stated objectives/motivations may be different, but I think the same fundamental things are happening already.

    Thu, 08/25/2011 - 11:08 | 1599626 falak pema
    falak pema's picture

    Yes, the Germans have always been hard working and team players. Their small-big company regional (Landers) alliances are impressive. On the historical front, during the middle ages, they had two centers of excellence : Swabia and Bavaria. Who fought for being Kaiser, Holy Roman Emperor. Guess what, now these two regions make Mercedes and BMWs respectively. Serious people I tell you since donkeys years!

    Thu, 08/25/2011 - 10:43 | 1599459 AngryGerman
    AngryGerman's picture

    yep, we'll rule you with our very talented and charismatic leaders!

    Thu, 08/25/2011 - 22:40 | 1602665 StychoKiller
    StychoKiller's picture

    With cleavage like that, bend me over and make me write bad checks! :>D

    Thu, 08/25/2011 - 10:43 | 1599461 Zer0henge
    Zer0henge's picture

    First!

    Thu, 08/25/2011 - 10:44 | 1599473 Nothing To See Here
    Nothing To See Here's picture

    London Telegraph :

    "Insurance on the debt of several major European banks has now hit historic levels, higher even than those recorded during financial crisis caused by the US financial group's implosion nearly three years ago.

    Credit default swaps on the bonds of Royal Bank of Scotland, BNP Paribas, Deutsche Bank and Intesa Sanpaolo, among others, flashed warning signals on Wednesday. Credit default swaps (CDS) on RBS were trading at 343.54 basis points, meaning the annual cost to insure £10m of the state-backed lender's bonds against default is now £343,540 (...)."

    http://www.telegraph.co.uk/finance/financialcrisis/8721151/Market-crash-could-hit-within-weeks-warn-bankers.html

    Thu, 08/25/2011 - 10:45 | 1599484 OuaisBla
    OuaisBla's picture

    Out of topic.

     

    NAT GAS!

     

    Big money pouring in that commodity right now IMO. Oversold, ready to bounce. The low volume today means that seller are fewer IMO. Storage below 5 year average, despite solid procdution.  Any regulation against Fracking and you got something big.

     

    Gold? Silver?.... Nah. Nat gas at the bottom!

     

    In any case... Nat gas is something to consider for a diversified portfolio IMO. Maybe I should take time to write a Guest post on that. The UNG charts say something big is coming. Like a possible bullish cross of Ma(20) into Ma(50) on the UNG weekly chart. Never happened since 2008.

    http://stockcharts.com/def/servlet/Favorites.CServlet?obj=ID3186525&cmd=show[s172926247]&disp=P

     

    Totally out of topic... sorry. But no one care about nat gas...  Only Oil Gold and Silver.So many have been burned going long NAT gas cause of the contango.

    Goldman is supposedly Short October Contract (the front month is 2 days trading) . At least their client. Shorts that have been paying off until today IMO.

    Thu, 08/25/2011 - 11:04 | 1599570 OuaisBla
    OuaisBla's picture

    LOL Strange that low today is 3.84 on October contract. 1$ off the Goldman Short Sell recommendation at 4.84.

     

    Tyler... I know you are busy but maybe you could look into this? Funny if 3.84 is the low. Powerful and funny at the same time.

     

    Note that last year Nov got as low as 3.255. So Nat gas is dangererous... with or without Goldman playing with it.

    Thu, 08/25/2011 - 11:03 | 1599590 falak pema
    falak pema's picture

    But the media has just junked frack gas potential...

    Thu, 08/25/2011 - 11:06 | 1599612 OuaisBla
    OuaisBla's picture

    What do you mean? Do you mean disruption in production or increase in production by that?

    Disruption in production (specially if Fracking is strongly regulated... but I doubt that is coming shorty) would send Nat gas to the moon...

    Thu, 08/25/2011 - 12:36 | 1600081 Awakened Sheeple
    Awakened Sheeple's picture

    No way are regs going to stop fracking, I work for the company who makes the high HP transmissions for the rigs. We have orders going out for YEARS. I think the oil and gas companies have a green light to FRACK BABY FRACK. So oversupply will cripple NG prices, IMO.

     

    I'm praying for another market meltdown and Secular Bull. Our stock went up 8x since the March lows. Its a small cap growth stock if you want to investigate..

     

    Thu, 08/25/2011 - 11:17 | 1599683 Crumbles
    Crumbles's picture

     

     

    Had me at Goldman is Short - time to go long on gas, perhaps?

    Fracking legislation on the slate in many states - both pro and con, and gas is volatile already, right?

    Most modern powerplants can switch from liquid to gas-fired almost overnight, depending on the price - makes for a complicated future.  Cheap gas, more usage, demand rises, supplies drop, price increases, rinse, repeat.

    Placing a large bet in this market can be Very Costly - and Quick.

    While the price of gas probably won't go to zero, the paper sure can burn altogether.

    Long, VIX, psyical 

    Thu, 08/25/2011 - 10:47 | 1599491 IMA5U
    IMA5U's picture

    they are blaming the fall on a "fat finger"

     

     

    Thu, 08/25/2011 - 10:49 | 1599506 AngryGerman
    AngryGerman's picture

    they can blame it on the fat bellies

    Thu, 08/25/2011 - 10:57 | 1599548 Manipulism
    Manipulism's picture

    Das heisst "Fettfinger"

    Thu, 08/25/2011 - 10:50 | 1599508 magpie
    magpie's picture

    This new ratings affirmation business adds a nice touch.

    Thu, 08/25/2011 - 10:50 | 1599513 JR
    JR's picture

    With the world held hostage with debt devised by the central banks, only value will save…not the non-producers or the third world or the welfare nations…but the bankers themselves. Thus, the productive Germany people - like America’s productive middle class -  is targeted as the victims in this latest transfer of value. Like parasites, the bankers have infested the politics of Germany to use the German people as their paymaster for reparations again – this time for their planned political and fiscal global governance, with its economic companion, world socialism.

    Thu, 08/25/2011 - 10:52 | 1599523 Mister Minsk
    Mister Minsk's picture

    99 Luftballons!

    Thu, 08/25/2011 - 10:53 | 1599528 Mediocritas
    Mediocritas's picture

    All this over a little excess Greece exposure.

    If Bernanke isn't talking all about propping eurodollar liquidity on Friday then look out below.

    Thu, 08/25/2011 - 10:56 | 1599545 Rockfish
    Rockfish's picture

    BAC now 7.86, WB job was to provide an exit for those in club and for WB heavy lifting a better yield than he could get in Treasuries. Mission accomplished.

    Thu, 08/25/2011 - 11:04 | 1599564 falak pema
    falak pema's picture

    Now, now don't underestimate the Roths; And watch China make a move for Euros. Sarkozy is in China today.

    Also, Germany will loosen purse strings when they get the swap lines in place, maybe Ben has a special present lined up at JH. Also when you have so many balls in the air its natural to scratch your ass from time to time...Ooops, I dropped one. Will Italy now cave in...? Or is it Greece that burns? Merkel is a very nervous filly these days...I wonder why oh why...Oh Helmut you didn't tell me I had this in store. I thought we were home and dry when you gave us 1RM=1DM. Ad now this. I think I will delcare E Germany out of the Euro and try something new there. WIth Russia and China. We must run but where. Oh Helmut...

    The beat goes on.

    Thu, 08/25/2011 - 11:03 | 1599597 youngandhealthy
    youngandhealthy's picture

    A rumor and then turn the knobs on the HFTs.....Its criminal.

     

    Fitc, Moody, and SP confirm Germany AAA.

     

    When France didnt work for the R:ers why not try Germany....

    Thu, 08/25/2011 - 11:08 | 1599622 Eagle Keeper
    Eagle Keeper's picture

    Bitte ein Bit!

    Thu, 08/25/2011 - 11:19 | 1599690 TzaristBondHolder
    TzaristBondHolder's picture

    why is DAX back up all 4%??????

    Thu, 08/25/2011 - 11:20 | 1599695 sudzee
    sudzee's picture

    Germany questions the legality of ECB bonds. Oh no its wasn't real. Greece gets a free get out of jail ticket.

    Thu, 08/25/2011 - 11:28 | 1599740 youngandhealthy
    youngandhealthy's picture

    Now I know why DAX plummeted 5.1% in 20 minutes...

    "...

    Fitch Ratings-New York-25 August 2011: Fitch withdraws its 'F1+' rating on the Massachusetts School Building Authority (MA)

      ..."

    Machiavelli warfare....not here but there....  :-)

    Thu, 08/25/2011 - 13:11 | 1600326 Random_Robert
    Random_Robert's picture

    It's Chicken Little time, bitchez....

    Thu, 08/25/2011 - 16:22 | 1601420 Major Priapus
    Major Priapus's picture

    I am having some friendly exchanges with my contacts in Germany.

    Speculation that Germany is considering abandoning the Euro is no longer the preserve of conspiracy-theory-wonks.

    http://www.mmnews.de/index.php/wirtschaft/8414-euro-deutschland-austritt

     

    Thu, 08/25/2011 - 16:30 | 1601458 Major Priapus
    Major Priapus's picture

    When august publications of the caliber of Die Welt discuss German exist strategies on how best to abandon the Euro-Experiment(even while opposed to the concept) - should one start asking for the German translationof :  "Where there is smoke - there is fire"?

    http://www.welt.de/finanzen/article13542699/Deutschland-wuerde-Aus-der-Euro-Zone-teuer-bezahlen.html

    Watch the price of gold go pop - BTW Germans already are finding it virtually  impossible to purchase physical gold - (as I mentioned in earlier posts)

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