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Angela Merkel's Euro Contagion Band Comes Through In The Last-Minute Clutch

Tyler Durden's picture




 

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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Mon, 09/12/2011 - 16:04 | 1661069 RealitiveMind
RealitiveMind's picture

I would make that group look better.

Mon, 09/12/2011 - 16:14 | 1661128 Transitory Disi...
Transitory Disinflation's picture

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.

Mon, 09/12/2011 - 16:16 | 1661152 Divided States ...
Divided States of America's picture

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.

Mon, 09/12/2011 - 18:20 | 1661619 eureka
eureka's picture

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.

Tue, 09/13/2011 - 09:07 | 1663203 Léonard
Léonard's picture

The US masses must not know that the world is dumping the dollar and that the dollar is dead.

Mon, 09/12/2011 - 16:18 | 1661154 Pegasus Muse
Pegasus Muse's picture

I see Trichet is working hard to improve liquidity flow. 

Tue, 09/13/2011 - 03:57 | 1662803 williambanzai7
williambanzai7's picture

You read that right ;-)

Mon, 09/12/2011 - 17:51 | 1661521 CPL
CPL's picture

I don't always manipulate markets, but when I do, I prefer the flavor of junk bonds and empty promises of repayment.

Mon, 09/12/2011 - 16:04 | 1661070 Godisanhftbot
Godisanhftbot's picture

 rumors of triage needed for slow, lazy, confident shorts this afternoon.   bloody 4 them

Mon, 09/12/2011 - 16:21 | 1661175 Cdad
Cdad's picture

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.   

Mon, 09/12/2011 - 16:06 | 1661071 Id fight Gandhi
Id fight Gandhi's picture

Fuck this shit.

Who falls for the same fucking rumor twice in the day? China really going to buy shitty bonds? Doubt it.

Mon, 09/12/2011 - 16:08 | 1661097 SteveNYC
SteveNYC's picture

At last check they owned about $700Bn "shitty" bonds, you know, the type that Timmy has been issuing and Ben buying.

Mon, 09/12/2011 - 16:10 | 1661119 Id fight Gandhi
Id fight Gandhi's picture

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?!

Mon, 09/12/2011 - 16:16 | 1661146 He_Who Carried ...
He_Who Carried The Sun's picture

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 ;-)

Mon, 09/12/2011 - 16:22 | 1661188 RichardP
RichardP's picture

Those breasts look like (Br)udders from a different mudder.

Mon, 09/12/2011 - 17:31 | 1661446 He_Who Carried ...
He_Who Carried The Sun's picture

Heh, they're not and they're natural ;-) !! Enjoy :-D

Mon, 09/12/2011 - 16:27 | 1661216 Id fight Gandhi
Id fight Gandhi's picture

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.

Mon, 09/12/2011 - 17:29 | 1661432 He_Who Carried ...
He_Who Carried The Sun's picture

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!

Mon, 09/12/2011 - 17:17 | 1661385 andyupnorth
andyupnorth's picture

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!)

Mon, 09/12/2011 - 21:03 | 1662038 msamour
msamour's picture

Don't sell the bear skin before you kill the bear. (old French-Canadian saying) You might get knocked on your ass.

Mon, 09/12/2011 - 16:13 | 1661136 Divided States ...
Divided States of America's picture

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.

Mon, 09/12/2011 - 16:45 | 1661279 X.inf.capt
X.inf.capt's picture

OH, but the chinese will say all kinds of 'rumors' to drive commodities down, espesally gold, and what are they buying......

Mon, 09/12/2011 - 16:27 | 1661174 BorisTheBlade
BorisTheBlade's picture

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.

Mon, 09/12/2011 - 16:05 | 1661076 Godisanhftbot
Godisanhftbot's picture

the lol, fts is right. though the hft mobsters must be killing it

Mon, 09/12/2011 - 16:06 | 1661080 Debtless
Debtless's picture

Looks like everything's fixed now. 

Up up and away from here.

Mon, 09/12/2011 - 16:06 | 1661083 FinalCollapse
FinalCollapse's picture

WTF - Tyler Durden is doing inside this picture?

Mon, 09/12/2011 - 16:08 | 1661101 Id fight Gandhi
Id fight Gandhi's picture

Meta joke

See fight club

Mon, 09/12/2011 - 16:06 | 1661084 LongSoupLine
LongSoupLine's picture

As soon as the SEC runs out of tissues, lube and streaming bandwidth, they'll get right on with the rumor investigation.

Mon, 09/12/2011 - 16:07 | 1661087 SteveNYC
SteveNYC's picture

That picture is an instant classic.

Mon, 09/12/2011 - 16:11 | 1661092 FunkyMonkeyBoy
FunkyMonkeyBoy's picture

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.

Mon, 09/12/2011 - 16:08 | 1661098 adr
adr's picture

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.

Mon, 09/12/2011 - 16:18 | 1661158 JohnG
JohnG's picture

Welcome to the matrix.

Mon, 09/12/2011 - 17:39 | 1661470 He_Who Carried ...
He_Who Carried The Sun's picture

... and that's where the money is...!

Mon, 09/12/2011 - 16:09 | 1661108 rocker
rocker's picture

Matt Miller on Bloomberg is now up for Jim Cramer's Job.   Buy, Buy, Buy, says the Gay Boy.

Mon, 09/12/2011 - 16:10 | 1661113 duo
duo's picture

Is there a high resolution version of this out there? 

Mon, 09/12/2011 - 19:07 | 1661719 williambanzai7
Mon, 09/12/2011 - 16:13 | 1661131 youngman
youngman's picture

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....

Mon, 09/12/2011 - 19:32 | 1661797 Loose Caboose
Loose Caboose's picture

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?!!!!!!! 

Mon, 09/12/2011 - 16:13 | 1661132 RobotTrader
RobotTrader's picture

 

 

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.

Mon, 09/12/2011 - 16:25 | 1661207 slewie the pi-rat
slewie the pi-rat's picture

L0L!!!

hey, RT!

only 3 pp last 24 hrs, down 24% from friday...

...decaf for tyler, BiCheZ!

Mon, 09/12/2011 - 21:03 | 1662039 Terra-Firma
Terra-Firma's picture

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.

Mon, 09/12/2011 - 16:14 | 1661138 alien-IQ
alien-IQ's picture

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.

Mon, 09/12/2011 - 16:15 | 1661145 RobotTrader
RobotTrader's picture

 

 

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

 

 

Mon, 09/12/2011 - 16:25 | 1661205 Tyler Durden
Tyler Durden's picture

Is that the only place where your "short gold" comments are still accepted without provoking endless ridicule?

Mon, 09/12/2011 - 16:34 | 1661241 alien-IQ
alien-IQ's picture

I'm pretty sure Robo is ridiculed on many continents.

Mon, 09/12/2011 - 16:35 | 1661247 slewie the pi-rat
slewie the pi-rat's picture

smackdown!

don't rip his bra off, tyler!

Mon, 09/12/2011 - 16:45 | 1661278 Bicycle Repairman
Bicycle Repairman's picture

Pull his weave!!!!

Mon, 09/12/2011 - 17:10 | 1661366 Hephasteus
Hephasteus's picture

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.

Mon, 09/12/2011 - 16:27 | 1661211 SheepDog-One
SheepDog-One's picture

Youre an idiot troll Robo. 

Mon, 09/12/2011 - 16:34 | 1661237 fuu
fuu's picture

That would work if ZH only carried articles based on your calls.

Mon, 09/12/2011 - 17:09 | 1661362 malikai
malikai's picture

I for one, love seeing you here Robo. Keep it up. I need a good laugh every now and again.

Mon, 09/12/2011 - 21:10 | 1662076 msamour
msamour's picture

I hear from certain circles that robo is ridiculed even on Mars. Marvin kicked him out last month.

Mon, 09/12/2011 - 16:16 | 1661149 theotheri
theotheri's picture

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%!!!!!!

Mon, 09/12/2011 - 16:22 | 1661179 Comay Mierda
Comay Mierda's picture

oh i dunno, might have to do with the fact that gold has gone up 45% in the last year

Mon, 09/12/2011 - 16:24 | 1661199 SheepDog-One
SheepDog-One's picture

Gold down 2%, nevermind gold is up over 800% over the last couple years.

Mon, 09/12/2011 - 16:25 | 1661206 UGrev
UGrev's picture

OMG!!! all the way back to sep 7th levels.. 

Shut the fuck up ...

Mon, 09/12/2011 - 16:31 | 1661226 alien-IQ
alien-IQ's picture

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.

Mon, 09/12/2011 - 16:51 | 1661299 theotheri
theotheri's picture

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.

Mon, 09/12/2011 - 17:01 | 1661333 Comay Mierda
Comay Mierda's picture

looks like krugman has a ZH account

Mon, 09/12/2011 - 17:07 | 1661356 d00daa
d00daa's picture

put your fiat where your mouth is bitch.

you're short right?  disclose your positions or stfu assclown.

Mon, 09/12/2011 - 17:25 | 1661413 blunderdog
blunderdog's picture

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?

Mon, 09/12/2011 - 17:00 | 1661326 Zola
Zola's picture

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 ??

Mon, 09/12/2011 - 19:42 | 1661821 FlyPaper
FlyPaper's picture

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.  

Mon, 09/12/2011 - 16:17 | 1661151 RobotTrader
RobotTrader's picture

 

 

-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.

Mon, 09/12/2011 - 16:22 | 1661189 cocoablini
cocoablini's picture

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

Mon, 09/12/2011 - 17:12 | 1661339 SheepDog-One
SheepDog-One's picture

Youre missing the big picture, its all about 'no QE'....8 days.... TICK TOCK TICK TOCK bitchez.

Mon, 09/12/2011 - 17:19 | 1661381 Cdad
Cdad's picture

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

Mon, 09/12/2011 - 17:10 | 1661371 St. Deluise
St. Deluise's picture

I will now neg you for your completely accurate, logical, and profitable theory. 

Mon, 09/12/2011 - 17:18 | 1661387 d00daa
d00daa's picture

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

Mon, 09/12/2011 - 16:20 | 1661166 Iam Rich
Iam Rich's picture

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.

Mon, 09/12/2011 - 16:21 | 1661167 snowball777
snowball777's picture

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).

 

Mon, 09/12/2011 - 16:42 | 1661268 ManufacturedOpinion
ManufacturedOpinion's picture

OMG - you mean Italy "holds" gold?

Where?

Anybody seen it recently?

The US also "holds" some gold, I've been told.

Mon, 09/12/2011 - 17:13 | 1661375 SheepDog-One
SheepDog-One's picture

Why would Italy hold gold, dont they know its down 2% today?

Tue, 09/13/2011 - 02:33 | 1662735 StychoKiller
StychoKiller's picture

Perhaps they got hungry.

The problem with Italian food is that after eating, you're hungry again (3 days later!)

Mon, 09/12/2011 - 16:20 | 1661168 Dick Darlington
Dick Darlington's picture

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...

Mon, 09/12/2011 - 16:23 | 1661170 Mercury
Mercury's picture

 

 

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]

Mon, 09/12/2011 - 16:29 | 1661221 snowball777
snowball777's picture

Bill y Shears

Mon, 09/12/2011 - 16:33 | 1661234 caerus
caerus's picture

what would you do 

if i ran outta dough

would you stand up

and walk out on me

Mon, 09/12/2011 - 16:42 | 1661249 Mercury
Mercury's picture

No, I'd get by with a little help from my Euro North friends...
Gonna try, but not very hard 'til it ends

Mon, 09/12/2011 - 17:53 | 1661531 caerus
caerus's picture

lend to me for years

and i'll sing you a song

and try to avoid in-sol-ven-cy

Mon, 09/12/2011 - 20:49 | 1661963 Mercury
Mercury's picture

 

 

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

Mon, 09/12/2011 - 22:34 | 1662303 Ponzi Unit
Ponzi Unit's picture

nice

Mon, 09/12/2011 - 16:20 | 1661171 Thunder Dome
Thunder Dome's picture

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!

Mon, 09/12/2011 - 16:26 | 1661208 alien-IQ
alien-IQ's picture

a mind is a terrible thing to waste.

Mon, 09/12/2011 - 16:33 | 1661235 Thunder Dome
Thunder Dome's picture

Are you one of the aliens that has come for our gold?

Mon, 09/12/2011 - 16:50 | 1661296 BorisTheBlade
BorisTheBlade's picture

Are you one of those who learn that gold is a precious metal from cowboys and alliens?

Mon, 09/12/2011 - 16:30 | 1661223 LongSoupLine
LongSoupLine's picture

Thanks for the advice...troll.

Mon, 09/12/2011 - 16:34 | 1661242 Thunder Dome
Thunder Dome's picture

Go buy a bank stock.

Mon, 09/12/2011 - 16:34 | 1661238 caerus
caerus's picture

we don't need another hero

Mon, 09/12/2011 - 16:37 | 1661256 Thunder Dome
Thunder Dome's picture

Plug your nose and just do it.  Great hedge.

Mon, 09/12/2011 - 17:10 | 1661370 Jim in MN
Jim in MN's picture

Troll hint: Don't mention C and 'exposure' in the same post.

Mon, 09/12/2011 - 17:26 | 1661416 Zola
Zola's picture

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...

Mon, 09/12/2011 - 18:34 | 1661624 Thunder Dome
Thunder Dome's picture

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. 

 

 

Mon, 09/12/2011 - 22:20 | 1662261 CompassionateFascist
CompassionateFascist's picture

The gov't itself is going to go down.

Mon, 09/12/2011 - 22:37 | 1662317 Ponzi Unit
Ponzi Unit's picture

I recommend BAC Jan calls. Go ahead.

Mon, 09/12/2011 - 16:22 | 1661182 Jim in MN
Jim in MN's picture

Tyler came for the punch, stayed for the floorshow...

Mon, 09/12/2011 - 16:22 | 1661185 SheepDog-One
SheepDog-One's picture

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!

Mon, 09/12/2011 - 16:29 | 1661219 Cassandra Syndrome
Cassandra Syndrome's picture

Market talk states that the FT are going to issue ab denial of this rumour. Twilight Zone script.

Mon, 09/12/2011 - 16:31 | 1661222 SwingForce
SwingForce's picture

THE BEST EVER!  bravo WB7! My new Desktop picture...

Mon, 09/12/2011 - 16:31 | 1661227 monopoly
monopoly's picture

The time it takes to produce something like that. Kudos. Super picture. Still trying to figure out the names.

Mon, 09/12/2011 - 16:39 | 1661260 NotApplicable
NotApplicable's picture

Latest rumor?

Angela is dead.

Mon, 09/12/2011 - 16:43 | 1661270 DefiantSurf
DefiantSurf's picture

if you run the ramp backwards you can hear the message

Mon, 09/12/2011 - 16:48 | 1661288 mfoste1
mfoste1's picture

wait werent they just saying how sound euro finances were like 2 weeks ago?

Mon, 09/12/2011 - 16:48 | 1661289 Alvaro de Esteban
Alvaro de Esteban's picture

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

Mon, 09/12/2011 - 16:53 | 1661308 Tom of the Missouri
Tom of the Missouri's picture

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.

Mon, 09/12/2011 - 16:57 | 1661320 Id fight Gandhi
Id fight Gandhi's picture

Again, meta joke, fight club.

Mon, 09/12/2011 - 17:02 | 1661337 gjp
gjp's picture

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. 

Mon, 09/12/2011 - 17:04 | 1661342 Marge N. Callz
Marge N. Callz's picture

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.

Mon, 09/12/2011 - 17:07 | 1661347 Threeggg
Threeggg's picture

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 !

Mon, 09/12/2011 - 17:09 | 1661359 SheepDog-One
SheepDog-One's picture

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.

Mon, 09/12/2011 - 17:17 | 1661390 DefiantSurf
DefiantSurf's picture

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

Mon, 09/12/2011 - 17:34 | 1661459 Alpha Monkey
Alpha Monkey's picture

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.

Mon, 09/12/2011 - 17:30 | 1661437 Alpha Monkey
Alpha Monkey's picture

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!!)

Mon, 09/12/2011 - 17:11 | 1661372 SheepDog-One
SheepDog-One's picture

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.

Mon, 09/12/2011 - 17:15 | 1661379 Everybodys All ...
Everybodys All American's picture

I've seen some crazy markets but today's market action was way outside of the normal.

Mon, 09/12/2011 - 17:18 | 1661391 ZeroAffect
ZeroAffect's picture

Love the 'ConeHead' Bernacke keeping company with the Squid - great imagery.

Mon, 09/12/2011 - 17:20 | 1661397 jmcadg
jmcadg's picture

I know you're an easy target, but RT you are a twat.

Mon, 09/12/2011 - 17:33 | 1661428 Problem Is
Problem Is's picture

Sargent Euros Lonely Hearts Club Band
I love the arch eye browed Shark-oooozy and Cone Head Ben...

WillB7 is the best...

Mon, 09/12/2011 - 17:31 | 1661440 vamoose1
vamoose1's picture

Now people,

 

    Its not the euwo,  or the euwo,      its the zeuro,     chop  chop,  get with the program.

Mon, 09/12/2011 - 17:32 | 1661454 Problem Is
Problem Is's picture

+1... The Zeuro... nice...

Mon, 09/12/2011 - 18:17 | 1661605 milanitaly
milanitaly's picture

Tyler please let us work for leaving germany alone into the euro storm.

Mon, 09/12/2011 - 18:39 | 1661663 saulysw
saulysw's picture

+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!

Mon, 09/12/2011 - 19:36 | 1661807 williambanzai7
williambanzai7's picture

I posted a link under Duo's comment above.

Mon, 09/12/2011 - 22:11 | 1662239 theotheri
theotheri's picture

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.

Mon, 09/12/2011 - 22:59 | 1662392 vincent
vincent's picture

Gold will suck way less for me when it's 16:1

Ride the bulllet bitchez!!

Mon, 09/12/2011 - 23:12 | 1662425 TheMerryPrankster
TheMerryPrankster's picture

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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moxia19's picture

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