This page has been archived and commenting is disabled.

Black Friday Arrives: Biggest Weekly Move In 30 Year Bond Since Black Monday

Tyler Durden's picture


30Y rates move more than three standard deviations this week - the greatest move since Black Monday (1987) - as it drops 55bps - hhmm - stability.

or 7 standard deviations of a percentage move basis given how low rates are:

Chart: Bloomberg


- advertisements -

Comment viewing options

Select your preferred way to display the comments and click "Save settings" to activate your changes.
Fri, 09/23/2011 - 09:04 | 1700644 Careless Whisper
Careless Whisper's picture

The Careless Whisper Morning Report



Union Thinks Workers Should Be Paid More To Put Bolts On Fords Than Chevys

DOE No-Bid $1 Mill To Lazard For Bankruptcy Advice On Solyndra Months Before Filing

Fox News Pulls Debate Poll From Internet After Ron Paul Winner With 42%

50% Of LA Deputy Shootings Against Unarmed Citizens,0,245...

Bobblehead Meg

Say Hello To My Little Friend; Hollywood Thinks It Can Remake Scarface

NYC Deputy Mayor, Former GoldmanSachs Vice CEO, Flaunts NYC Residency Requirement; Greenwich Resident Honored At Greenwich Historical Society; Recieves Award At Greenwich Yacht Club; Bloomberg -- He Lives In NYC!




Fri, 09/23/2011 - 09:21 | 1700722 Jendrzejczyk
Jendrzejczyk's picture

Took a bit of searching, but the debate poll is here.

Ron Paul   73.57%

Fri, 09/23/2011 - 09:29 | 1700757 r101958
r101958's picture

Exactly.....and this morning on the news (here in Florida) they pop up a picture of both Romney and Perry but not a mention of Paul. What a crock of Schmidt!

Fri, 09/23/2011 - 09:37 | 1700780 Temporalist
Temporalist's picture

On Blmbrg, CNBS and FuxBiz they talked about those two nitwits because they were squabbling with one another.  Meanwhile they just reinforce one another's flaws about being unprincipled and flipflopping panderers who only care about pleasing lobbyists and staying in power.

Fri, 09/23/2011 - 09:40 | 1700795 VisualCSharp
VisualCSharp's picture

Thanks to the Internet, the connection between the MSM and the political scene is more obvious than ever. It nearly makes me wretch.

Fri, 09/23/2011 - 12:40 | 1701802 rufusbird
rufusbird's picture

Everything is just one big scramble to keep the failure from happening under the current watch.

Fri, 09/23/2011 - 09:58 | 1700893 Comay Mierda
Comay Mierda's picture

its not the official FN poll

Fri, 09/23/2011 - 09:27 | 1700736 nonclaim
nonclaim's picture

Union workers sunk GM and now they want to sink Ford too. Isn't that a long time plan being implemented to break the American industry, and succeeding?

I don't mean ill to the workers, but to the Union. Wake up America!

ps. Don't give me crap about evil capitalists, fat cat CEOs and the like. The workers can always strike against bad management and they didn't.

Fri, 09/23/2011 - 12:39 | 1701795 RSloane
RSloane's picture

Ford is building a new plant that will create 5,000 new jobs - in India.

I don't blame them.

Fri, 09/23/2011 - 12:54 | 1701884 covert
Fri, 09/23/2011 - 09:06 | 1700647 Racer
Racer's picture

All hail the Chair SATAN for creating such a wonderful unstable system

Fri, 09/23/2011 - 09:05 | 1700648 jekyll island
jekyll island's picture

Damn, should've waited another week before I started shorting treasuries.  

Fri, 09/23/2011 - 09:11 | 1700679 Johnny Lawrence
Johnny Lawrence's picture

You shouldn't be shorting them at all.  It's amazing to me that people are still bearish on bonds.  Haven't you studied history at all?  Japan is the ultimate blueprint for what's happening here. 

And for people who shit on the research of big brokerage firms (which I also shit on), every one of them was calling for highest interest rates and telling their clients to reduce their bond positions.  So the bond bears on ZH were on the same side of the trade as the Merrills, Goldmans, UBS, etc.  It's mind-boggling to me.

Fri, 09/23/2011 - 09:14 | 1700694 Smiddywesson
Smiddywesson's picture

It was a joke.  He was quoting the movie "Airplane."

Fri, 09/23/2011 - 09:19 | 1700710 Johnny Lawrence
Johnny Lawrence's picture

Ah, I apologize for my rant then.

And while we're at it.

Good luck, we're all counting on you.

Fri, 09/23/2011 - 10:02 | 1700915 LetThemEatRand
LetThemEatRand's picture

By the way, is there anyone on board who knows how to run a Federal Reserve?

Fri, 09/23/2011 - 11:14 | 1701276 Larry Darrell
Larry Darrell's picture

If given the post of FED Chairman tomorrow, I would happily shut the whole thing down.

Fri, 09/23/2011 - 12:49 | 1701856 andybev01
andybev01's picture

...but who didn't have fish for dinner?

Fri, 09/23/2011 - 12:09 | 1701625 Banjo
Banjo's picture

Some differences between Japan and the US.


1. Japan was still exporting goods and had a trade surplus.

2. Japanese people own the majority of the debt. In the US I believe the US Fed is the largest single holder of Treasuries with, US citizens owning about 65-70% of bonds issued and foreign governments owning about 30-35% of US bonds.

The problem with the above is that if and when those overseas people decide to spend their money and it comes home it will cause inflation.


I would not be short or long on any paper asset from a trading perspective my view as a small player is the market can remain irrational longer than you can remain solvent.


Even Warren Buffet talks how he nearly got pulled into the tech bubble of the late 90's Now thats irrational exeuberence :)


Fri, 09/23/2011 - 09:13 | 1700687 Smiddywesson
Smiddywesson's picture

Damn, should've waited another week before I started shorting treasuries.  

"Roger, Roger"

Roger: "What?"

Fri, 09/23/2011 - 10:00 | 1700910 LetThemEatRand
LetThemEatRand's picture

Ben B to Tim G:

"Timmy, do you like movies about Gladiators?"

Fri, 09/23/2011 - 13:39 | 1702259 l.kimbot
l.kimbot's picture

'ever seen a grown short naked?'

Fri, 09/23/2011 - 09:14 | 1700692 Pladizow
Pladizow's picture

Ive been watching TMV for 2.5 years - wanting to get in.

Luckily I have not.

Everytime I think "here's a good entry point", Bernake provides a better one.

An there may not be a good time to get in until 2013?


Fri, 09/23/2011 - 09:35 | 1700774 janus
janus's picture


you don't know me and you may not even like me, but those tit you used to sport were some of my all-time favs!  what gives?

Fri, 09/23/2011 - 09:46 | 1700837 Pladizow
Pladizow's picture

I originally chose an avatar that would "stand out" as I searched for my own comments when looking through the thread.

Then suddenly there were a couple of other people who chose similar avatars.

It was because of these copy cats that I changed my avatar.

Now I know many could argue that you cant have too many tits - but I was no longer unique.

Fri, 09/23/2011 - 09:31 | 1700761 Bicycle Repairman
Bicycle Repairman's picture

I picked the wrong week to stop sniffing glue.

Fri, 09/23/2011 - 11:25 | 1701358 jcmjr
jcmjr's picture

Go long my brother, for the short term!!

Fri, 09/23/2011 - 09:06 | 1700650 ethancasta
ethancasta's picture

We're in the midst of The Great Recovery. Don't destabilize the effects of the hopium with facts.

Fri, 09/23/2011 - 09:07 | 1700654 boom goes the d...
boom goes the dynamite's picture

Thanks Tyler for answering this question.  I knew it was coming.

Fri, 09/23/2011 - 09:07 | 1700657 Wakanda
Fri, 09/23/2011 - 09:09 | 1700663 hedgeless_horseman
hedgeless_horseman's picture

And it didn't even take him the full 15 minutes.  Genius at work.

Fri, 09/23/2011 - 09:09 | 1700664 Smiddywesson
Smiddywesson's picture

That douch bag Jack Welch is on CNBS this morning definitely NOT talking about how he made the oldest and most successful company in the history of the USA into a hollowed out financing company.  God rot his hypocritical withered soul.  He was considered the ideal manager, but today he looks like a damn fool and a phony gambler.

Fri, 09/23/2011 - 09:11 | 1700677 hedgeless_horseman
hedgeless_horseman's picture

...most successful company in the history of the USA...

By what metric?

Fri, 09/23/2011 - 09:16 | 1700697 Bicycle Repairman
Bicycle Repairman's picture

Its longevity for one thing.

Fri, 09/23/2011 - 09:22 | 1700730 buzzsaw99
buzzsaw99's picture

over 100 years old and they have more debt and more shares outstanding than ever. Success like that we can do without.

Fri, 09/23/2011 - 09:16 | 1700701 Smiddywesson
Smiddywesson's picture

Good point, I was foaming at the mouth.  Well, it's the oldest in the S&P500 I think.

Fri, 09/23/2011 - 09:13 | 1700690 HelluvaEngineer
HelluvaEngineer's picture

spot on, thx

Fri, 09/23/2011 - 09:13 | 1700691 Moneyswirth
Moneyswirth's picture

Successful my ass.  They don't make iPads...

Fri, 09/23/2011 - 09:22 | 1700731 Caviar Emptor
Caviar Emptor's picture

Agree, Smiddy. He is a total shill for the concept that prevailed since the 1980s: outsource all productive industry where possible along with jobs, financialize to the max and become a 'service' provider. Unfortunately that was selling the farm, a mistake that the US might never recover from now that resources, technology and knowhow are gone and momentum is picking up elsewhere. GE wasn't the only company but Jack was the loudest cheerleader adn the most pompus ass around.


Fri, 09/23/2011 - 10:23 | 1701003 twotraps
twotraps's picture

awesome, saved from saying the same shit, unreal, all the worship is too much.  This is a guy that made his money, then ASKED for certain things in his Leaving Package, like an allowance for everything from jet use to dry cleaning.  What an ass.

Fri, 09/23/2011 - 10:23 | 1701004 twotraps
twotraps's picture

awesome, saved from saying the same shit, unreal, all the worship is too much.  This is a guy that made his money, then ASKED for certain things in his Leaving Package, like an allowance for everything from jet use to dry cleaning.  What an ass.

Fri, 09/23/2011 - 09:09 | 1700665 Moneyswirth
Moneyswirth's picture

Not to worry.  The Obama administration has a great plan to put us all to work shoveling shit, filling potholes, buliding schools in Detroit and Newark, all under the supervision of our federally-funded union overlords.

Because we all know that those jobs create lasting value and will turn this economy around.  Pay no attention to record poverty, a housing market in freefall and no jobs.

Believe the hype...

Fri, 09/23/2011 - 09:15 | 1700695 Pladizow
Pladizow's picture

And we'll all be handed spoons to do it with!

Fri, 09/23/2011 - 09:21 | 1700719 krispkritter
krispkritter's picture

Plastic sporks...

Fri, 09/23/2011 - 09:31 | 1700762 Temporalist
Fri, 09/23/2011 - 09:10 | 1700667 Going Loco
Going Loco's picture

Scrap copper prices today in the UK:

Yesterday evening - about £4 kilo

This morning, two quotes, $3.50 and £3.70

I got delayed, couldn't get to the yard this morning.

Price 5 minutes ago: £1.50

I kid you not. Physical copper in the Uk has fallen 55% in 24 hours.

Of course there will be a rebound, but let me tell you I think this IS the big crash. Denninger may be right after all (Tyler always is)

Good luck everyone. 

Fri, 09/23/2011 - 09:12 | 1700683 spiral_eyes
spiral_eyes's picture

I hope Blythe was hedged on the copper. From what I can see the silver shorts are still way underwater even at $33. 


Fri, 09/23/2011 - 09:23 | 1700734 Caviar Emptor
Caviar Emptor's picture

Source of quote? 

Fri, 09/23/2011 - 09:10 | 1700672 Seasmoke
Seasmoke's picture

how are those underfunded pensions going to get paid for all the public leeches......keep your heads in the sand , your pot of gold will still be waiting for you at the end of the rainbow with the flying unicorns

Fri, 09/23/2011 - 09:11 | 1700678 goldfreak
goldfreak's picture

for those kicking yourselves for missing out on the PM's rise, here'a chance to get in, although it could probably go lower from here. Just average in

Fri, 09/23/2011 - 09:16 | 1700700 snowball777
snowball777's picture

Be a man, pick some targets:

Au: 1490

Ag: 27

Fri, 09/23/2011 - 09:21 | 1700724 CClarity
CClarity's picture

Better than just averaging in with physical, also buy in other currencies for a play, not to bury in the backyard obviously.

Fri, 09/23/2011 - 09:23 | 1700733 espirit
espirit's picture

Everytime anyone local disses physical, I offer to buy their ASE's at spot prices.

Hmmm, no takers yet.

Fri, 09/23/2011 - 09:17 | 1700702 Fuh Querada
Fuh Querada's picture

Please, no more standard deviations.

Fri, 09/23/2011 - 09:20 | 1700711 Robslob
Robslob's picture

I paid right at 1895 per ounce for my latest adds...and somehow...

"on a long enough timeline...I do not worry"

Fri, 09/23/2011 - 09:40 | 1700799 Temporalist
Temporalist's picture

Because the stack keeps looking prettier.

Fri, 09/23/2011 - 09:47 | 1700825 I Got Worms
I Got Worms's picture

Same here. I bought a bunch of silver when it was around 48$, and bought an oz of gold around 1850 not long ago. But I've been buying with every penny I could find for about 3.5 years, since my "awakening".  So there's 14$ silver and 900$ gold mixed in with the "expensive" gold and silver. But you know what, looking at them I can't tell the difference, but am damn pleased I own them and they are in my possession.  Sure, i'd be pacing and chewing my nails off if it was all gold stocks and ETF that I traded, but as long as my physical stash didn't evaporate last night, i don't give it a thought to weeks like this.  Corny as it sounds, this is a philisophical battle between good and evil. So come payday, next Friday, no matter the price, I will walk down to my coin dealer and take 10 oz of silver out of circulation, or a small bag of dimes and quarters, or whatever he's got that I can afford that day, and rinse and repeat two weeks later.  To me, this is a fucking ultra-marathon, not a 40-yard dash.

Fri, 09/23/2011 - 09:20 | 1700715 spanish inquisition
spanish inquisition's picture

Woot.. 2.8%! I am going to go buy me a house!.....Oh wait, I don't have a job..

Anyone know anyone that can get me a no doc ARM at 5% with no money down and cash back for repairs using an inflated appraisal so I can rent it out? It's time to let the good times roll again!

Fri, 09/23/2011 - 09:42 | 1700807 Temporalist
Temporalist's picture

Try calling Alan Greenspan, Barney Frank or Chris Dodd. 

Fri, 09/23/2011 - 09:20 | 1700717 scratch_and_sniff
scratch_and_sniff's picture

I must say, this is kind of hardcore! Big fish moving in FX, its liquid but the amounts being thrown around are mental. Its in conditions like these that margin becomes a real pain...

Fri, 09/23/2011 - 09:21 | 1700721 sudzee
sudzee's picture

OT: Was Ron Paul a no show at last nights debate?

Fri, 09/23/2011 - 09:28 | 1700754's picture

He was there and he was in fine form. He won the debate poll so Fox had to take it off their website. No need to worry, he shall overcome.


Ron Paul Explorer: The All Paul Search Engine

Fri, 09/23/2011 - 09:36 | 1700777 BrocilyBeef
BrocilyBeef's picture

Ron Paul was there and spoke of liberty.

Fri, 09/23/2011 - 09:23 | 1700726 scatterbrains
scatterbrains's picture

Not that anyone cares and don't follow me but if they manage to close SPY, going into the weekend without having explored at least a minor intra day low below 110.27 before turning higher then come Monday the tape snaps and down we go big time.  just wanted to post that for the record.

oh and smoke'm if you got'm bitches

Fri, 09/23/2011 - 09:21 | 1700727 Smiddywesson
Smiddywesson's picture

I don't care what my physical does.  That's for the future.  My paper gold is closed and I'm sitting in cash so I can wait for a bottom.  The end of our fiscal and monetary systems won't come today.  Enjoy the show.

Fri, 09/23/2011 - 13:08 | 1701996 myne
myne's picture

I'm waiting it out. I expect our AUD to drop to about 75-80c - a near replay of 2008 as everyone around the world rushes to liquidity.

Gold can drop a lot, but as long as our dollar drops more, I'm still winning.

Problem is, I wonder if we're going to drown in the liquidity this time.

Fri, 09/23/2011 - 09:25 | 1700738 AllAboutTheBenjamins
AllAboutTheBenjamins's picture

its not about stability, its all about...ahh forget it

Fri, 09/23/2011 - 09:26 | 1700744 janus
janus's picture

now i understand finance deviations...the ones i did were more absolute.

funny how a single sentence from TD can clear up everything.

and, btw, this is it...doom and all that shit.

it's gonna be a record breaker -- everything is right there.

Fri, 09/23/2011 - 09:29 | 1700755 Mister Ponzi
Mister Ponzi's picture

Long duration bitchez!

Fri, 09/23/2011 - 09:30 | 1700759 SheepDog-One
SheepDog-One's picture

WOW damn near 0% US Treasury rates across the board gee thanks Man o the Year Bernanke for the Greatest Depression! We're supposed to think this is 'good news' or something  since the Treasury doesnt have to pay interest to savers...what a debaucle.

Fri, 09/23/2011 - 09:32 | 1700767 Caviar Emptor
Caviar Emptor's picture

30 Year is pricing in a booming economy! 

Ben on late night TV yesterday : "....Bond yields so low we're practically giving money away! Crazy Benny....His Yields Are INSANnnnnnnE

Fri, 09/23/2011 - 09:37 | 1700785 disabledvet
disabledvet's picture

What is a "standard deviation?" is it different from a "normal deviation?" how about an "abnormal deviation"? And we are deviating from our deviation can we ever hope for a return to normalcy? Or are we just stuck with the mean?

Fri, 09/23/2011 - 09:38 | 1700787 r101958
r101958's picture

Remember, the Fed wants everybody to come begging for QE3 on bended knee. The Fed will reply 'Ok, we'll print, but remember I told you that the consequences would be severe to include high inflation, much higher oil prices, and possible civil unrest'.

On the QE3 prerequisites checklist is: much lower oil prices, lower commodity prices and the above (begging). Unfortunately, this list can not be achieved without a pretty severe market crash. So, we'll see, eh?

Fri, 09/23/2011 - 09:40 | 1700798 Bicycle Repairman
Bicycle Repairman's picture

It won''t be begging.

Fri, 09/23/2011 - 09:45 | 1700827 r101958
r101958's picture

Politicians will (eventually) beg.

Fri, 09/23/2011 - 10:03 | 1700918 Bicycle Repairman
Bicycle Repairman's picture

I was thinking 'demand'.  I'm waiting for a Tea Party presidential candidate to break the ice.  Since he is now disappearing in the polls, I nominate Rick Parry to do the honors.

Fri, 09/23/2011 - 09:40 | 1700800 spartan117
spartan117's picture

Looks like green friday to me. 

Fri, 09/23/2011 - 09:40 | 1700801 user2011
user2011's picture

With Bond and notes being the safe haven, and gold and silver being dumped.   I wonder if China will start dumping their massive US treasury positions and accumulate more precise metals.   They got 1.2 Trillions dollars worth of Treasury notes and bonds.   If the Chinese don't get rid of them now, I doubt they would have any chance later.

Fri, 09/23/2011 - 09:40 | 1700802 SaveTheGreenback
SaveTheGreenback's picture

I would say 2.5% is nice entry point for TBT as a long term holding....the treasury market is a complete joke...these yields are unsustainanle.

JPM made back some of their incredible losses in the naked short paper Silver market today and yesterday.  Don't worry.  Game plan is the same.   The real spot price of silver is about $42...

Fri, 09/23/2011 - 09:41 | 1700805 j0nx
j0nx's picture

I bought my silver to hold and to trade when the shit hits the fan for goods and food. Every bug out bag should have 25 rounds of silver in it for just that reason. I may back up the truck this weekend at the coin shop but I need some other things that are taking priority at the moment.

Fri, 09/23/2011 - 09:41 | 1700806 adr
adr's picture

Wow not down that much so far and Apple and Netflix are up. Momo stocks aren't doing that bad. Could be looking at the mother of all PPT Fed backed basket buys today. BAC is up over 1% as well. Doesn't make sense.

Of course the world will always look to the US for the strength to manipulate markets in the face of overwhelming bad news. Remember the cord to reality has been completely severed and all that matters is keeping US equity markets up. Without bubble valuations and insane market caps our country can't run.

Fri, 09/23/2011 - 09:50 | 1700857 r101958
r101958's picture

Simple, the markets are scrogged. Or, more succinctly, they are a manipulated joke. That said; who has the most invested in the markets right now? What group of entities have the most to lose (read, free money from the Fed)? Why, the TBTF's, of course. So, who is selling PM paper right now and what are they using the proceeds to do? If not for this, I imagine the market would be much worse off.

Fri, 09/23/2011 - 09:46 | 1700832 Shock and Aweful
Shock and Aweful's picture

And what the fuck is going on with Gold and Silver?

Is this just a massive hit because people are scrambling to raise liquidity...and even though silver has dropped about 15-20% in a couple is still up pretty big y o y?

I mean seriously?  People are selling their positsions in some of the only real, tangible assets out there?  To buy what?  Treasuries?  How fucking counter-intuitive is that?

I will tell you one thing I know for a certainty WILL not be able to buy physical silver for $33.00 an ounce - anywhere -  Not even bags of 90%  Silver U.S. coin....At some point, the physical market, and the paper marker (SPOT price) are going to have to de-coupple from each other...While the paper market helps create  some pretty impressive jumps in "price' earlier this's main role is to obfuscate and interfere with the true price of silver (and to a lesser extent, gold) 

I always find it amusing when peole are fucking panicking ...and boy are they can taste the fucking panic in the air right now as people are slowly starting to realize that the FED is impotent and powerless to stop the shit that is rolling down the hill...right towards them.  Short of dropping $100.00 bills out of a helecopter...what the "da chairman" gonna do?  What can he do?   The little fucker shot his wad already...and now he is limp-dicked and unable to satisfy the market monster he and Greenspan has created....Thank you Dr. Bernank-en-stein.

Fri, 09/23/2011 - 11:04 | 1701209 SoNH80
SoNH80's picture

PMs are a staircase, not a bottle rocket.  Secular bull market due to the U.S.A. becoming a banana republic, with nukes.  Bernanke can still do plenty for his bosses on Wall Street, lend 'em another $16 trillion... see GAO Report?  PAGE 131

Fri, 09/23/2011 - 09:53 | 1700876 r101958
r101958's picture

'Amazing', all bank stocks are up. Gee, how surprising! I can only guess who is buying their stock, hmmm. I can venture a guess at whose money they are using.

Fri, 09/23/2011 - 10:04 | 1700922 spartan117
spartan117's picture

Like I said yesterday, I think this entire episode was to prevent gold from breaching $2k on the upside.  The whole thing feels orchestrated.  I'm sure the Fed, through its intermediaries, are QEing without officially announcing it. 

Fri, 09/23/2011 - 09:58 | 1700895 r101958
r101958's picture

Stocks now in the green. Surprised? It's your money being put to work for others. LOL.

Fri, 09/23/2011 - 10:21 | 1700991 Georgesblog
Georgesblog's picture

This will be one of many warning signs, today. The recent avtions of the Fed only postpone the inevitable. Down the road, we'll see who just doesn't get paid. There won't be anyone to say something at the Fed's funeral, when it gets buried in a paper casket. Dying from debt poisoning is as ignominious as dying from alcoholism.

Fri, 09/23/2011 - 10:38 | 1701088 twotraps
twotraps's picture

Have to admit its an interesting set-up today...Friday, no news, at the lows of the move.  We could gap down as easily as gap up Monday.  

Fri, 09/23/2011 - 10:45 | 1701115 Doug
Doug's picture

Looks like I picked a good week to refinance the mortgage but a bad week to stop sniffing glue.

Fri, 09/23/2011 - 11:00 | 1701191 LookingWithAmazement
LookingWithAmazement's picture

One rumor and the whole bunch runs into stocks. No Armageddon. We're still alive.

Fri, 09/23/2011 - 11:33 | 1701400 Edward Fiatski
Edward Fiatski's picture

Crash on Monday.

Fri, 09/23/2011 - 11:40 | 1701427 Conax
Conax's picture

Anyone remember the story where GS evoked $2500 gold?

"JP Morgan, a foremost and global financial services market leader has predicted a surge in the price of gold to attain $2,500 or higher per ounce by year end according to a statement credited to Colin Fenton and Jonah Waxman who are commodity analysts of the financial services giant.

Also, Goldman Sachs expects gold prices to continue to climb into 2012 considering the low level of the real interest rates of the United States and sovereign  debt problems in the US and Europe. 

Read more:

Clean out the newby suckers. Shake confidence. Cover shorts.


Fri, 09/23/2011 - 11:53 | 1701521 Georgesblog
Do NOT follow this link or you will be banned from the site!