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Angela Merkel's Euro Contagion Band Comes Through In The Last-Minute Clutch
The following picture from William Banzai does a good job of summarizing why today the victory may not have been for the bulls, courtesy of a strategically placed and timed rumor, it surely allowed Angela Merkel's euro contagion band to survive one more day. In the meantime, we expect rumor #4 of 2011 that China will bailout Italy (after it was buying Greek bonds, and then Portuguese, then actually balked at buying Italian bonds) to squeeze everyone, and then to fall apart as these things always do in a concerted global Ponzi scheme.
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I would make that group look better.
Chinese people cannot even pronounce EURO correctly, they can only say EUWO. Phonetically it is YOUR-WOE and that is exactly what they mean.
To be honest people who write in these papers/websites could now easily manipulate the system (more than it already is) with these "China will buy everything rumours"... I mean come on go ALL IN on a down day then put some shit on their website and too the moon it goes.... I am referring to the FT here.
I like how during the weekends, the whole Eurozone's main focus was on Greece, but somehow Italy managed to go behind everyone's backs to strike a deal, rumor or not, with China. Reminds me of how Merrill did the same thing and fell into BAC's arms during the whole time they were trying to find a solution of Lehman. These effin bankers and their dealings, their blood will be on the street some day.
Yep - and it reminds me of how BAC has new claims to make deals with every week - and how wonderful it is for US to have EU as distractor item #1 for the US masses - maybe the chair satan can sneak QE3 in without anyone but Bill Gross noticing...
- and maybe the US masses can avoid future tax hikes - and maybe US austerity - i.e. cuts in medicare and social security can wipe out US debt, which accelerates ten times faster than revenue - ie. the FED and Wall Streets fiat ponzis and printing - without any cuts to the US war machine, which after all "secures" the flow of oil which simultaneously passifies and commits the US masses to serve their empire - for yet another day...
until the chicken come home to roost and the fact is faced that in the very final though greatly delayed end - all that supports US empire is 300 Million US tax slaves - motivated by nothing more real than expectations.
The US masses must not know that the world is dumping the dollar and that the dollar is dead.
I see Trichet is working hard to improve liquidity flow.
You read that right ;-)
I don't always manipulate markets, but when I do, I prefer the flavor of junk bonds and empty promises of repayment.
rumors of triage needed for slow, lazy, confident shorts this afternoon. bloody 4 them
I think you fail to understand the new normal in the equity nonmarket.
Selling causes markets to rise [bid lifting into the rise to catch the short sales sold back into the bid], and buying causes markets to fall [bids being pulled and falling away to known price points fixed to a fourth decimal place where they are picked up by criminal syndicate Wall Street bankers].
So the joke is on you, buddy.
Fuck this shit.
Who falls for the same fucking rumor twice in the day? China really going to buy shitty bonds? Doubt it.
At last check they owned about $700Bn "shitty" bonds, you know, the type that Timmy has been issuing and Ben buying.
Only robots made money today, no way a short or long to ride those quick ramp ups and downs on a sketchy rumor.
Sec needs to be on ft ass. But fuck it why care?!
Robots and me....
Look at commodities and what's holding up in comparison to P/E dropping...
Then go for the rebound!
I was in Oil today and it worked rather well ;-)
Those breasts look like (Br)udders from a different mudder.
Heh, they're not and they're natural ;-) !! Enjoy :-D
No that's just luck. PE? Come on, that not even relevant in this mkt.
There was a morning rebound, then selloff. Afternoon rumor ramp up, then selloff, then same rumor again ramp up into close.
Co's who pay interesting dividends are closely followed as you know. Check the relation and value of the underlying commodity present and past and a pattern will reveal itsself. You need to go back at least 3 yrs and compare in order to get a good understanding and have a close look at patterns at extreme moments... I only follow 9 stocks in total year in and year out from three diff. segments. Now, as soon as present P/E drops in to YOUR (historic) comfort Zone look at the pattern. Time of day is crucial - THESE ARE NOT LAST MINUTE OR EARLY TRADES. I dealt with Suncor. Good luck!
I'm happy with my purchase of HFD.TO last Thursday (Sept 8th). It has since gone from $8 to $9. I'll perhaps hold for the next month or two.
I'd like to thank the ZH community for my profits. (hopefully!)
Don't sell the bear skin before you kill the bear. (old French-Canadian saying) You might get knocked on your ass.
In China, money is better spent on constructing dozens and dozens of empty cities with their our airports. I doubt they will buy them spaghetti bonds.
OH, but the chinese will say all kinds of 'rumors' to drive commodities down, espesally gold, and what are they buying......
Yes, they were bailing out Uncle Sam for quite some time, but not for the love of shitty bonds, rather to support their biggest customer. You know, like a drug dealer supports his biggest customer knowing that he still retains some credibility from the glorious past days and knock out punch, just to keep himself busy and unharmed.
the lol, fts is right. though the hft mobsters must be killing it
Looks like everything's fixed now.
Up up and away from here.
WTF - Tyler Durden is doing inside this picture?
Meta joke
See fight club
As soon as the SEC runs out of tissues, lube and streaming bandwidth, they'll get right on with the rumor investigation.
That picture is an instant classic.
Please, please, please dear lord, can we have a day very soon where the U.S. fascist 'markets' do not open*
* I will leave the exact action that will cause this to occur in your capable hands dear lord, but please feel free to think big.
Haahahahhaahahah, What a joke of a trading day. What a joke of a "market".
If you want to have some fun take a look at Tofutti brand's stock TOF.
Can anyone explain moves like that? All year it has been huge swings up and down. Dropping 10% one day and skyrocketing back up 10% the next day. I am sure there are hundreds of stocks that show this kind of wacky behavior.
Welcome to the matrix.
... and that's where the money is...!
Matt Miller on Bloomberg is now up for Jim Cramer's Job. Buy, Buy, Buy, says the Gay Boy.
Is there a high resolution version of this out there?
Here is the link to a High Res version: http://www.flickr.com/photos/expd/6140639021/sizes/o/in/photostream/
I remeber the exact time and location of when I bought and opened the Beatles St Peppers album and first played it on my stereo..or Hi Fi.......I think I will want to forget about this band and their album....
Youngman - it's scratched. It keeps skipping back and repeating "I get by with a little help from my friends....." ad nauseum and never makes it to the finale. Why or why lord will it not just END?!!!!!!!
Gotta love Zero Hedge.
Tyler is pumping out new stories every hour.
Faster than Harvey Levin pumping out new updates on TMZ.com during a Charlie Sheen or Mel Gibson meltdown.
L0L!!!
hey, RT!
only 3 pp last 24 hrs, down 24% from friday...
...decaf for tyler, BiCheZ!
Robo, i am glad there are people like you in the world because your brand of humor is in short supply and appreciated. A word of caution though; don't think we can't see through the falsity of your bravado. It will do you harm.
The EUR/USD rocketed up over 100pips in the last hour.
Never underestimate the power of big fucking lies pushed by the government and promptly sold by the media.
fuck.
I think Zero Hedge should change its front page format to look more like the U.K.'s Daily Mail Online's "Showbiz" page.
http://www.dailymail.co.uk/usshowbiz/index.html
Is that the only place where your "short gold" comments are still accepted without provoking endless ridicule?
I'm pretty sure Robo is ridiculed on many continents.
smackdown!
don't rip his bra off, tyler!
Pull his weave!!!!
It's rather humerous. The headline at the UK Daily Mail is
Meagan Fox- I want to have chidlren but not until I have more money in the bank.
I guess her finacial advisor is as smart as Robo.
Youre an idiot troll Robo.
That would work if ZH only carried articles based on your calls.
I for one, love seeing you here Robo. Keep it up. I need a good laugh every now and again.
I hear from certain circles that robo is ridiculed even on Mars. Marvin kicked him out last month.
How come Tyler Hedgehog is blasting GOLD PLUMMETS headlines? Oh, maybe that's because Tyler Hedgehog is just another gold monkey!
GOLD PLUMMETS 2.3%!!!!!!
oh i dunno, might have to do with the fact that gold has gone up 45% in the last year
Gold down 2%, nevermind gold is up over 800% over the last couple years.
OMG!!! all the way back to sep 7th levels..
Shut the fuck up ...
yes, clearly that 2.3% decline spells doom for all those poor people who've been holding gold since 2008 for a lousy 200%+ gain.
What would you suggest? That they dump the gold and go all in BAC?
Dolt.
I will answer my own rhetorical question- Tyler Hedgehog is a gold monkey ponzi scheme pumper who systematically and methodically only reports positive news for the gold bugs.
Gold is heading back below $1000/oz.
looks like krugman has a ZH account
put your fiat where your mouth is bitch.
you're short right? disclose your positions or stfu assclown.
Every month there's a new account pushing that "gold is about to crash" message. Most of the time, they either leave the price out or they leave the timeframe out of their predictions. Based on the overall content quality, it could well be the same individual registering a new account every time they get pegged as a fool.
If you're confident, why not give us the prediction with both price AND time?
Hey clown i have some GLL and triple , quadruple short gold etfs i want to sell to you. Would you like a JV with Roubini ??
Good grief. Stocks move up and down like this every week, and when gold does it -wow, that's news of impending doom! How silly, especially since there was warning of a margin increase, timed with bad news out of Europe to keep the lid temporarily on the shiny stuff. Or not. Some consolidation and sideways movement would be welcome for establishing the next leg up. With the added volitality in the markets, this is hardly unexpected.
-1603 TICK today was the second highest of the year.
Virtually everyone was piling into TZA, VXX, FAZ, etc.
That was the clue to "Get outta Dodge" for short sellers.
I agree, the FED and PPT had all fucking weekend to figure out how to catttleherd people into panic mode and then they shot them all like a firing squad.
The ECB, FED love to kill speculators that bet against their wishes. Its a shortterm p,ay- I'm sure all the inside players knew the bots were going to keep us over 11,000.
Just plain silly, as a shortcovering turbocharged the indexes.
Playing with dumb angry governments will get you burned sice it's their rules
Youre missing the big picture, its all about 'no QE'....8 days.... TICK TOCK TICK TOCK bitchez.
No Chinese buyers of Italian bonds, either. The story is one week old, and simply speaks of Italians courting China to buy the paper. No commitments. But hey...whatever drives more real capital away from the fake nonmarket...is good for us...for a few minutes...I guess.
**additional: william (Sep-12 03:29:11 PM): Follow up: Italian official comments that talks with China's CIC in last few weeks not primarily focused on Italian bonds - financial press
http://www.tweetdeck.com/twitter/mrtopstep/~EWoLq
I will now neg you for your completely accurate, logical, and profitable theory.
please, he's been pumping TICK for weeks, finally he "hits" his call and i'm supposed to give him props??
further, he doesn't explicitly tell you that he's long or short here, so that he can hit another "after the fact" call two weeks from now and have people like you scrambling for jock space.
thanks, i'll pass.
The market isn't pricing in QE3, the market is pricing in an economic boom, led by the US consumer. - RobotTrader
Full retard...SPY, RUT, IYR (****ing IYR!) green today and all it took was 15 minutes. PM miners, well they're red. PM's...yep, big solid red today. Basic materials...uh huh...red. Wow.
So quick to judge, people...Italy has a respectable 2400 tonne of something China holds quite dear; put that up as collateral and anything can happen (also quite compatible with slack demand from China on the same substance in other commode marquettes).
OMG - you mean Italy "holds" gold?
Where?
Anybody seen it recently?
The US also "holds" some gold, I've been told.
Why would Italy hold gold, dont they know its down 2% today?
Perhaps they got hungry.
The problem with Italian food is that after eating, you're hungry again (3 days later!)
Remember good ol' Zapatero playing this same tired card back in the early days this year too? Remember China denying? Yeah, me too...
http://www.ft.com/intl/cms/s/0/360825c0-6a9e-11e0-80a1-00144feab49a.html...
I don't really want to stop the show
But I thought you might like to know
That China's gonna buy some bonds
And we want you to all buy along
So let me introduce to you
The last and final bailout of the year!
Angela Merkel's Mediterranean PIIGS Plan!
[fanfare] [rally] [laughter]
Bill y Shears
what would you do
if i ran outta dough
would you stand up
and walk out on me
No, I'd get by with a little help from my Euro North friends...
Gonna try, but not very hard 'til it ends
lend to me for years
and i'll sing you a song
and try to avoid in-sol-ven-cy
Oh I get by with lower rates from my friends
I get high, retire young and I spend
You don't neeeeed to borrow more money
Because you can't pay your debts off with love
We don't neeeeed to give you more money
But out of the Euro...a quick little shove
Oh I get by with the broader tax base of my friends
Gonna try but I get tired then I spend
nice
Guess what dbags? It's time to start reducing some exposure to pms and miners and buy into financials.
Bought C and EWG this morning.
XLF is a BUY, BUY, BUY!
a mind is a terrible thing to waste.
Are you one of the aliens that has come for our gold?
Are you one of those who learn that gold is a precious metal from cowboys and alliens?
Thanks for the advice...troll.
Go buy a bank stock.
we don't need another hero
Plug your nose and just do it. Great hedge.
tina turner - we don't need another hero
Troll hint: Don't mention C and 'exposure' in the same post.
This mentality is caused by the fact that the govt did not let proper failure take place in 08. Idiots dollar averaging into a stock with bad fundamentals going BK ultimately lose it all... But unfortunately buy any dip has become a profitable strategy as there are no BK anymore. However the market will have the last laugh...
We are in a controlled market. Trade accordingly. Zerohedge groupthink that gold is going to 100k and all banks will fail and go BK is folly. Deservedly so, or not, no western governments are going to allow their major domestic banks to disentigrate.
C is already owned by U.S. govt/taxpayer, so it is likely to be protected if a sacrificial bank goes down.
The gov't itself is going to go down.
I recommend BAC Jan calls. Go ahead.
Tyler came for the punch, stayed for the floorshow...
And the bulls bask in euphoria, about to get slaughtered when no QE3 is delivered just a few days from now. Yes go buy all you can hand over fist, idiots!
...don't know why you would take out Crowely from the Club. http://www.youtube.com/watch?v=pdlS7tab5rQ
http://www.groundedintouch.org/group/thewholearmorephesians61213/forum/topics/exposing-works-of-darkness
Market talk states that the FT are going to issue ab denial of this rumour. Twilight Zone script.
THE BEST EVER! bravo WB7! My new Desktop picture...
The time it takes to produce something like that. Kudos. Super picture. Still trying to figure out the names.
Latest rumor?
Angela is dead.
if you run the ramp backwards you can hear the message
wait werent they just saying how sound euro finances were like 2 weeks ago?
Eurobonds will be a reality, next European meeting in October will set in place an "European Debt Agency"
The pain will last, but the endgame will be delayed until german people start to wake and decide not to be sheeped by their actual politicians
Why is Tyler in the non-prominent next to last row? I think he should have played Mama from Pink Flamingos since Divine made the shot.
Again, meta joke, fight club.
yet another denial party in US markets ... ramping into after hours, likely a repeat of Sept 7th 3% moonshot as momos run with it again.
with today's performance MSCI Europe is down around 17% ytd, while US is down only 6%. US market led by 100x PE bets on the US consumer while Europe is more weighted to industrials, engineering, and utilities and is much more reasonably valued.
Sure Europe is under the gun first, but taken as a whole Europe has more to offer the rest of the world than does the US, which other than bombs, offers the world only its gaping consumer maw.
Europe has got to outperform soon, regardless of whether its on the way up or down.
Euro was way oversold. US $ way overbought. This is going to help equities rally in the short term. Greece will probably not default just yet and the can will get kicked down the road, again. Longer term the trends are down for equities.
2 investment bankers on Faux Business News in the last hour. I know the paper pushers hate Gold but this time some strange similarities with both of them/ They were on at different times.
With the news anchors poo pooing Gold as well, both of these guys said they were short Gold and expect the price to go to $1500.00, but the one thing that struck me as odd was, that the gal asked them when ? and they said (separate interviews) it depends on "how fast the price goes down". There seems to be an orginized and pre-planned takedown coming up here very shortly. Expect a huge paper push down withing the next few days.
Get ready and BTFD !
There seems to be a FOMC meeting in a few days which will be the 3rd strike for QE3....gee how many times can they dangle the QE3 carrot out in front of equities to ramp them without actually ever doing it? When does $2 trillion get subtracted from equities? Before October?
Meanwhile for gold, $1,800 is cheap considering the insane money printing going on, we've printed no less fiat over the last few days as far as I know.
they'll keep doing it until it has net zero effect, then the printing will start which will continue all the way to the crash site
Personaly, I think they're doing it to cover the fact that they are printing, they say "the reason markets went up is because we waved the carrot", not because they did some back office deal to be kept secret until the next FOIA request gets approved in 10 or so years.
I wonder if it could be to keep people from getting interested while it sits at it's current lows? Keep people waiting just... a... little... longer.. OH!!! There goes gold past $5K!! guess we were wrong, we're sorry... (Thanks for letting us go first!!)
So on Friday the big news was Greece was likely to default, and the G7 would be issuing some earth shaking 'communique' over the weekend.....Monday morning thats all forgotten while Italy suddenly becomes the big news with a vaporous rumor that China will buy their worthless bonds? What a damn clownshow.
I've seen some crazy markets but today's market action was way outside of the normal.
Love the 'ConeHead' Bernacke keeping company with the Squid - great imagery.
I know you're an easy target, but RT you are a twat.
Sargent Euros Lonely Hearts Club Band
I love the arch eye browed Shark-oooozy and Cone Head Ben...
WillB7 is the best...
Now people,
Its not the euwo, or the euwo, its the zeuro, chop chop, get with the program.
+1... The Zeuro... nice...
Tyler please let us work for leaving germany alone into the euro storm.
+1 on the call for a hi-res version of this image.
Slightly bigger version here -- http://www.flickr.com/photos/expd/6140639021/ or if you click on the image here it's bigger also. But still not big enough!
I posted a link under Duo's comment above.
I'm waiting for the tempo spike to $2000/oz and then I'm going to load up on a major short decision.
Gold will fall back below $1000/oz, it's true economic value. It's very similar to the housing bubble euphoria.
Gold will suck way less for me when it's 16:1
Ride the bulllet bitchez!!
Nice job William!! - should of had a beverage free zone warning. The Bernanke made me laugh out loud.
My only question is will Warren Buffet buy Greece or Italy or Greece and Italy?
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