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.

Comment viewing options

Select your preferred way to display the comments and click "Save settings" to activate your changes.
unky's picture

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

HelluvaEngineer's picture

That or the global depression.  Hard to say.

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.

gmrpeabody's picture

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

Best to not look away.

espirit's picture

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

So there!

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.




He_Who Carried The Sun's picture

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

Better look again:

hunglow's picture

That is a pencil holder, right?

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

unky's picture

German finance minister is a disabled gay lier

gmrpeabody's picture


I take it you have inside information.

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.

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.

DaveyJones's picture

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

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

John Bigboote's picture

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

So fucking hilarious!

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.


snowball777's picture

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

Helmholtz Watson's picture

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

Ich bin ein has-beener

slaughterer's picture

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

BurningFuld's picture

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

ZeroPower's picture

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


TradingJoe's picture

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

Frog-And-Toad's picture

Auch, meine Pensionskasse!

Ancona's picture

Acupulco Cliff Diving Bitchezzzzz.

Uno mas Corona por favor camarerro.

anyways's picture

Könnte auch fat finger gewesen sein..

TradingJoe's picture

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

NumberNone's picture

Waffe & Reich take responsibility.

slaughterer's picture

NYSE brought the "flash crash" virus to Frankfurt. 

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!


slaughterer's picture

Wo ist Brian Sack? 

Irish66's picture

Utility stocks

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)

bigfire's picture

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

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!"

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 (,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

gmrpeabody's picture

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

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

snowball777's picture

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

IMA5U's picture

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


the liberal media working for the administration