• Sprott Money
    05/06/2016 - 06:03
    The US, in its own decline, is showing this same self-destructive tendency. The worse things get, the greater the inclination of the citizenry to say, “Carry on, everything’s fine.”

Dexia Suspended

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Thu, 10/06/2011 - 10:23 | 1745381 wang (not verified)
wang's picture

where's Sudden Debt?

excuse me



Thu, 10/06/2011 - 10:25 | 1745409 spartan117
spartan117's picture

Hoarding Stella.

Thu, 10/06/2011 - 10:27 | 1745422 redpill
redpill's picture

And mayo for the French Fries *shudder*

Thu, 10/06/2011 - 10:29 | 1745430 hedgeless_horseman
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Thu, 10/06/2011 - 10:35 | 1745471 GeneMarchbanks
GeneMarchbanks's picture

"At least I got my chicken" -Jenkins

Thu, 10/06/2011 - 10:48 | 1745548 hedgeless_horseman
hedgeless_horseman's picture



"It's not my fault," said Jenkins.

Thu, 10/06/2011 - 10:56 | 1745612 Schmuck Raker
Schmuck Raker's picture

Belgium Pancakes

Thu, 10/06/2011 - 20:46 | 1748101 chipshot
chipshot's picture

youve of the eurozone...welcome to the ZERO --zone

Thu, 10/06/2011 - 10:25 | 1745411 Fips_OnTheSpot
Fips_OnTheSpot's picture

Hopefully picking up the next delivery PM ..

Thu, 10/06/2011 - 10:30 | 1745436 Hulk
Hulk's picture

He's in line...

Thu, 10/06/2011 - 10:34 | 1745464 achmachat
achmachat's picture

"my" dexia is the luxembourg dexia-BIL unit. This morning it was decided to split off Dexia because the Luxembourg unit is actually a profitable bank.
So no bank run here in tiny Luxembourg. Yet.

Thu, 10/06/2011 - 10:37 | 1745484 disabledvet
disabledvet's picture

word is CNBC has him under contract. Should be appearing shortly on the bottom right hand side of your TV screen anytime someone tries to make a point about "you wanna buy this" or "you need to be in that." He's been "advanced a little"--allowing him to turn upward and to the right with a "face of incredulity" added.

Thu, 10/06/2011 - 12:59 | 1746326 slewie the pi-rat
slewie the pi-rat's picture


red warrant from the int'l criminal court?  L0L!!!

i've been wondering the same about our old vunderkind Frank_N_Stein? 

maybe they have been rendered, tortured, and martyred?  or maybe they should pay their damned bills and re-connect? 

Thu, 10/06/2011 - 10:21 | 1745383 rambler6421
rambler6421's picture

Bank Run Bitchez!

Thu, 10/06/2011 - 11:54 | 1745885 cbxer55
cbxer55's picture

And according to Mish, that is what is happening at BAC. Yet there stock is back up to $6.15, so it must be working out good for them loosing all of them customers.


Thu, 10/06/2011 - 10:22 | 1745386 toronto1
toronto1's picture

why stock market up?

Thu, 10/06/2011 - 10:28 | 1745427 Chump
Chump's picture

Because at this point the only thing fundamental to stock markets is 'hope.'  That's why they go up on bad news ("I really, really hope this shit doesn't crash!") and also go up on good news.  More hope!  The only thing that will crash the markets is when liquidity is gone gone gone, but I'm getting over my head here.

Thu, 10/06/2011 - 13:05 | 1746346 Smiddywesson
Smiddywesson's picture

Exactly.  Retail loves results, but they also love bullshit, because it gives them hope.

Thu, 10/06/2011 - 12:07 | 1746052 cbxer55
cbxer55's picture

Market rallies during Bear markets are normal. But eventually reality wins, and down the toilet they will go.

Breaking out the popcorn.  ;-)

Thu, 10/06/2011 - 10:22 | 1745387 misterc
misterc's picture

Was it possible to short Dexia or were they on the "wildlife conservation list" (shorting ban) already? 

Thu, 10/06/2011 - 10:28 | 1745428 schadenfreude
schadenfreude's picture

I wanted to short them previos week and couldn't find any derivatives to buy.

Thu, 10/06/2011 - 10:33 | 1745458 Scisco
Scisco's picture

Don't know about Dexia but I don't think it is too late to short Belgium bonds.

Thu, 10/06/2011 - 10:22 | 1745389 Frog-And-Toad
Frog-And-Toad's picture

Wasn't this the bank that "caused" the rumor that brought about the huge rally on Tuesday?

Thu, 10/06/2011 - 10:29 | 1745433 Sgt. Oddball
Sgt. Oddball's picture

Yes indeed it was, but we have to wait for the next ridiculous end of the day rumor indicating this problem bank being is fixed for the last 30 minute daily rally.

Thu, 10/06/2011 - 10:22 | 1745390 Ashland_Avenue
Ashland_Avenue's picture

stratfor.com has excellent write up today on relationship of dexb to belgium govt.

Thu, 10/06/2011 - 10:23 | 1745392 LawsofPhysics
LawsofPhysics's picture

Expected, SocGen next, then BofA.  Got physical?

Thu, 10/06/2011 - 10:56 | 1745614 johnQpublic
johnQpublic's picture




lets get physical...physical

Thu, 10/06/2011 - 10:24 | 1745400 NEOSERF
NEOSERF's picture

We very well may look at this moment as the first tangible (finally) thing that started the house of cards in Europe falling...as with Lehman, it is likely this is really going to hurt Belgium and the messes they uncover will likely be 2-3x what has been advertised so far...

Thu, 10/06/2011 - 10:36 | 1745475 Ruffcut
Ruffcut's picture

I thinkin' it's time to stop comparing lehman, a bag of shit bundlers of bad bets, to actual COUNTRIES of the civilized world. 

Thu, 10/06/2011 - 10:41 | 1745509 LawsofPhysics
LawsofPhysics's picture

Depends on whether or not you consider the current form of "civilization" a good or bad bet or any different from your comment about the composition of lehman.

Thu, 10/06/2011 - 10:57 | 1745615 trav7777
trav7777's picture

I think you just described countries when you described Lehman

Thu, 10/06/2011 - 10:24 | 1745403 Fips_OnTheSpot
Fips_OnTheSpot's picture

There. Is. No. Problem.

Thu, 10/06/2011 - 10:24 | 1745405 RobotTrader
RobotTrader's picture

Why is it that when ES and EUR start running, gold is left behind?

And why is it that when ES and EUR start tanking, gold goes down 3x faster?

Very frustrating.

Eric Sprott must be pulling his hair out.

Thu, 10/06/2011 - 10:32 | 1745450 Hulk
Hulk's picture

Why is it, when Gold runs and Robo's formula is thrown on the trash heap, that Robo is nowhere to be found?

Thu, 10/06/2011 - 10:37 | 1745477 Motley Fool
Motley Fool's picture

Cause it's a barbarous relic. It's not as hip and happening as ES and the EUR. :P

Thu, 10/06/2011 - 10:38 | 1745492 LongSoupLine
LongSoupLine's picture

Please do not feed the full re-troll-ard

Thu, 10/06/2011 - 11:53 | 1745985 richard in norway
richard in norway's picture

because pm is being sold to buy the market or did you think these dumbarse rallys happen by themselves

Thu, 10/06/2011 - 13:10 | 1746368 Smiddywesson
Smiddywesson's picture

Because it's just paper?

Because it's not a market?

Thu, 10/06/2011 - 10:24 | 1745407 ZeroPoint
ZeroPoint's picture

I am tired of all these circuit breakers. Let the mofo go to 0.


Thu, 10/06/2011 - 10:35 | 1745472 Fips_OnTheSpot
Fips_OnTheSpot's picture

Stockvalue 0 is not as important as empty cash drawers..

Thu, 10/06/2011 - 10:24 | 1745408 LongSoupLine
LongSoupLine's picture

Cue Donkey Kong picture...

Thu, 10/06/2011 - 10:25 | 1745412 buzzsaw99
buzzsaw99's picture

Reverse split? :snark:

Thu, 10/06/2011 - 10:25 | 1745415 RemiG2010
RemiG2010's picture

...move along....

Thu, 10/06/2011 - 10:36 | 1745425 Mercury
Mercury's picture

Cap-e-taine!....fix--->fail half-life decreasing!

Thu, 10/06/2011 - 10:28 | 1745426 winter is coming
winter is coming's picture

Winter is Coming

Thu, 10/06/2011 - 10:31 | 1745440 GeneMarchbanks
GeneMarchbanks's picture

You know you could have just posted nothing at all. Same effect.

Thu, 10/06/2011 - 10:32 | 1745448 Sgt. Oddball
Sgt. Oddball's picture

Let's just hope it's not a nuclear winter, because once these dominos start falling it could get ugly.

Thu, 10/06/2011 - 10:30 | 1745435 spongeBOB
spongeBOB's picture

When the market goes up on bad news it is over for the shorts. Trade accordingly !

Thu, 10/06/2011 - 10:35 | 1745465 alien-IQ
alien-IQ's picture

yes because nothing screams "things are getting better" like a non stop bombardment of bad news.

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