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And REJECTED: Sarkozy Spokesman Says No 'Mergency Merkozy Meeting, zEURo Tumbles
Sorry, no announcement. Just more rumors from the Eurozone. This is, if nothing else, becoming fucking hilarious.
- Sarkozy spokesman says no Franco-German initiative on Greece today
Additionally, Europe has officially run out of rumors to recycle for the next 24 hours: even vacuum tubes remember stuff about China and Merkozy bailing out stuff.
After soaring on the latest fake rumor, EURUSD tumbles on the news:
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scary bears!
Talk talk talk talk it's only talk...
www.youtube.com/watch?v=cbuqtDhTAwQ
Fact is... they are screwed. TRAPED!
in other words they're TARPed
AGREED. China sneezes. Europe catches AIDS
Not HIV but full blown aids...
Nice obscure Family Guy reference. Kudos.
No other words to describe the action in the futures: "full retard"
whiplash, neck braces for sale
But what does the other Sarkozy spokesman have to say?
Yep...this is the end game. Statements will not fix what is wrong in Greece. Only default will. All that algo driven love for ES yesterday...for nothing.
I just hope some idiots were left holding the bag. That's all I ask.
Hard to say brother engineer. The way the f'd market works now, as I posted yesterday, is that selling causes it to rise and buying causes it to fall. But it's a hard gig, a close like that, and who knows who f'd it up.
I took the opportunity to open one additional short position.
at 14 CEST (in 10mins) there will be a press con w/ Merkel and Katainen (PM of Finland) about "ze crisis".
Sark-on Sark-off.
Sarcophagus.
This sarcasm is offensive.
Do rumors of rumors sway markets?
Bloody well seems so, how pathetic this market is!
I'd like to take this moment to inject more moldy cheese in the already green fondue market.
http://www.youtube.com/watch?v=IddaRTuYRW4
Bananarama? Really? Either your completely flaming or you forgot the [/sarc], either way I can't get back those 4 seconds so your junked!
I'm sorry you dissaprove. I thought my sarcasm was apparent. What is moldy cheese to you?
I stand corrected that is moldy, cheesy yes, flaming gay certainly, rescinded, carry on
The real tragedy here is that the collapse did not occur during the summer. I would have then been able to drop the thermonuclear cheesebomb of "Cruel Summer". I'm holding back my tears as I type this.
I've heard a rumur to that effect.
These kinds of rumour mills and confused leaks do imply that there is a lot of commotion and activity amongst European decision centers. Wasn't it like this as well 3 years ago?
"The inmates are in charge of the asylum there IMHO"
Bloody hell.
What a bunch of clowns.
Acting as a beheaded chicken
so I guess this means we should be hearing another preposterously hilarious rumor shortly after European trading closes?
How ridiculous this is. On all of these retarded rumors the market should just spike gold. That will start teaching them that their BS is going to start backfiring soon.
No, it shouldn't, not yet anyway. Paper gold is used to quell fears and create illusions. If there is one thing we have learned from this crisis, it's that paper gold doesn't have to do anything related to the fundamentals during a news event.
Gold is rising despite price manipulation because central banks are buying. If they want to stop its rise, all they have to do is halt their purchases and sit on it.
Did ZH readers really think the central banks would continue buying gold when there were rumors of a Greek default and with French banks in a panic?
Do you really think they will continue to buy with gold poised to breach $2k?? Eventually, yes, they will have to, but that time has not come yet.
Bad news means extra price suppression, plus, the Boyz halt their purchases. Therefore, bad news is bad for gold prices. And that's why I told everyone to cover last Friday.
Oh well, that felt like we were about to get the Greek "controlled default" routine. Merkel was on German radio this morning and made some comments about the importance of not having an "uncontrolled Greek default". That sounded awfully like a Freudian slip where the clear subtext is "we're getting ready for a controlled default".
turkey and israel are not news, but rumors of EU meetings get front page.
Nuts. Nuts enough to make me drop my S/L entirely and add to my margin. I'm sticking with the ride down.
It has become an escargot cult.
We're waiting for ze bivalves to return.
yeah its a bad joke. dax just got slammed back to reality. china has now dropped the ball twice, spain, now italy. this is getting bad.
They should waited till the US vacuum tubes woke up before making the announcement. It would have been fun. Right now European markets are like headless chickens.
Behold the "Merkozy": a terrible awe-inspiring creature able to roam markets invisibly, and move them without taking any descision.
Yeah it's getting ridiculous.
I would like exit euro right now. Then we will see how much are strong franch and german banks and how many bonds sarkozy and merkel will have to issue to save them
Lazlo the High Frequency Economist is shattering glasses and windows coast-to-coast on CNBS right now. Forecasting continued wavering high frequency economic events to come.
Market up on rumors of a boat load of Chinese Leprechauns carrying pots of Gold spotted off Sicily.
Lulz, TD. ZH needs to trademark this. Maybe WB7 can give us some artwork.
When do the investigations for spreading false information begin ... wink wink.
Are you spreading a rumor that there maybe an investigation into these rumors?
I heard a rumor there were to be no rumors today. Damn!
We are experiencing a prelude to many failed auctions of US debt. By 2015: sino Reserve currency, our debt so great that 6% interest cost will ut us in BKrtpcy.
Sino will own our interstates, Alaska, Hawai. Taiwan will cede to China
This is a very insightful comment. Today, the Fed has flattened the yield curve... but what happens when the markets start to demand a higher interest rate due to the markets desiring greater returns for risk. It's coming.
Dispair! Nothing but Dispair! Then FREEFALLLLLLL!
It at least gave Gold the kick up the arse it needed
I am a little concerened this kick will not be enough to counter the iminent liquidations of anything that is not nailed down. Doesn't the conventional wisdom say, "you never sell what you should, you just sell what you can"? Someone correct me if i'm wrong, please.
Double post ..
I'll start two completely bogus rumors:
- BUFFETT IS BUYING GREEK BONDS AND SAYS THAT BUYING GREEK BONDS IS GOOD FOR AMERICA!!!!!!!!!!!!!!!!
- THE IMF IS SELLING THEIR GOLD AND BUYING GREEK BONDS!!!!!!!!!!!!!
There, now Europe has another 7 or 8 hours.
Once the system reaches the point of no return, the news is all show. I believe we reached that point more than two years ago, so the news is irrelevant, except maybe to measure the motivations of price manipulation.
Thank God for physical.
mark it zEURo!!!!! LOL
over the line!!!
all is ok in EU, Buffett has agreed to pay off Greek debt for ownership in the infrastructure of Athens and Sparta and one greek virgin bride.
Go long, call a meeting, take profit and get short, cancel meeting, cover for profit & go long...........nice gig if you can get it.
How can i soar like an eagle when i'm surrounded by turkeys ?
“Are you the one who screwed me over last time?” “Yeah, you are.”
Who would do such a thing ? And I never complain. Wow…
You’re totally out of control, you’re a hater, and you’re unattractive inside !
Really, don’t even look at me! I promise you, don’t look at me, ’cause I am not the one. Don’t look my way.”
We’re in America last I checked, or is this Europe ? Can I get a water or am I gonna get violated for a water ?
this is, if nothing else, becoming fucking hilarious....
Until 2:30PM EST today.....
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