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Bundestag Says No EFSF Decision Today, Second Summit May Follow Next Week
We had a feeling it will be a headline driven day... Sure enough, from MNI, "Germany Lawmaker: No Decision On EFSF Guidelines In Parliament Today." And judging by the EURUSD's response, the market is not too happy with this latest delays, this time as the people realize they can actually stall their respective despots fasttracked tyrranical decisions. From Market News: "The budget committee of Germany’s lower house of parliament, the Bundestag, is unlikely to decide on Thursday anymore about the guidelines for the European Financial Stability Facility (EFSF), a senior lawmaker from Chancellor Angela Merkel’s CDU/CSU-FDP coalition said today." Fear not, however, Cramer has certainly not heard of Market News, which means it is time to shoot the messenger.
More:
“I don’t think that we will make a decision on this today,” Norbert Barthle, the CDU/CSU’s parliamentary budget speaker, said on the sidelines of a meeting of the Budget Committee here.
Barthle noted that there is still no agreement on a European level about possible leveraging of the EFSF.
Barthle said, however, that he still expects an agreement could be reached before Sunday’s EU summit.
Under German law, the budget committee of the Bundestag needs to approve any changes to the EFSF’s guidelines.
And another headline that just flashed across the screen: EU Summit Unlikely to Strike Deal on EFSF Leverage, DPA Say and Second EU Summit May Follow Later Next Week, DPA Reports
Managing expectations lower sure is a bitch.
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kick = fail
Jonny Five (not) alive.
Just kill Greece off and let's be done with it.
Good news is Gaddafi's dead (SKY?BBC/AP). Oil down??
NEIN! ANGST!
Silver price prediction chart 2011-2017:
http://saposjoint.net/Forum/viewtopic.php?f=14&t=2626&start=680#p34623
Small increase in November H2 2011 from 30+-3 to 33+- 3- effect of Greeces default.
Bullish for treasuries and all equities that sell riot gear and war machines. Hey Robo, slant across the middle on three, go long. ready hut, hut, hut...
Shouldn't Robo have a....<sickening crunch>...helmet?
Stop I'm getting dizzy.
"As the Euro Burns" is the best soap opear I've watched since "One Life to Live" back in the early 1990s.
My favorite all-time still is "Santa Barbara". I remember the first time I saw Robin Wright. Seriously, one of the sexiest women I've ever seen.
I loved her in "The Princess Bride". I miss Andre the Giant.
Perhaps Angela Merkel could be in the long-awaited follow-up to that movie. The evil bastard could be played by Silvio Burlesconi.
As if he already isn't cast in that role.
Is this the denial of the denial of the denial?
Gaddafi found alive in sewer, then shot legs/head. Most appropriate.
The market? You mean the one the policie makers are holding captive over the heads of everyone? The fascist market? Oh, I think their market is lining up the way they want it to; lots of chaos keeping all assets in a range until the War Machine and Police State are ready to roll.
Yea, what 'market', this robot-controlled daily joke?
Summit3 + QE3 = problem solved.
Problem is, once they actually DO something now, its all over... theres nothing left to drive carrot-and-stick following algos.
Doctor Copper is getting pasted another 3.5% today.
http://www.cmegroup.com/trading/metals/base/copper.html
Obviously he don't believe the Philly Fed Miracle, the Euro Sumitt Miracle, or the EFSF Leverage Miracle.
Just get it over with and start leveraging. Debt is good. Lever the fucker up 40 times and send my gold to $10,000
Exactly. I need a bailout for my gold stocks.
Merkel finally admitted to German parliament what this means for German. EPIC fail to ensue.
How they didn't know what we all have known for ... months!!!
Quick, head back in the sand.
... and this is the result of Carla giving birth in absence of her beloved husband ? Shame !
I told him to get a step-stool so he could see too, but he was too proud.
Dax down over 2%, long way to go yet.
Butter me up some of that popcorn.
The problem with the market is the players are to fat to fit in the life boats.
They stole to much to make it out of the market. Like a monkey trap. They will die holding on to their stolen goodies.
Either Germany keeps its sovernty or its euro, it cant have both.
Barroso said that it is likely that agreement on EFSF will be reached this weekend according to CNBC EMEA.
LOL- don't kick Cramer- he's been my biggest contrarian factor over the years... I KILLED it when he called the top of the bond market, and loving that he's calling for a blow-off market once Europe is "resolved"...... Umm yeah, you go with that, Jimmy....
@ Tyler
The German "Bundestag" is NOT the "Lower House" of the German parliament. The "Bundestag" IS the Federal German parliament, there are no "Houses" or "Chambers". The "Bundesrat" is a seperate federal entity and not a parliament.
(Never mind, even a lot of journalists in Germany do not know the difference)
NASDAQ megaphone pattern on daily chart indicates big move ahead.
USD weekly chart remains bullish and as predicted for some time further dollar upside expected.
http://stockmarket618.wordpress.com