Did The Fed Leak The European Bailout Decision On Monday Morning? A Visual Exhibit

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Wed, 11/30/2011 - 12:23 | 1930531 RacerX
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nah, pure coincidence.

..now back to my porn.

Wed, 11/30/2011 - 12:34 | 1930612 Fukushima Sam
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Must... stuff...  debt...  hole...  with...  fiat... (gasp!)

Wed, 11/30/2011 - 12:40 | 1930693 Comay Mierda
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if it looks like a piece of shit, smells like a piece of shit, then its gotta be the Bernank

Wed, 11/30/2011 - 12:52 | 1930834 Hober Mallow
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Politicians can't stop being what they are: a bunch of greedy bastards.

Wed, 11/30/2011 - 12:53 | 1930848 NotApplicable
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More properly known as power-hungry tools.

Wed, 11/30/2011 - 13:21 | 1931011 redpill
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You cannot trade this market anymore without insider information, and this demonstrates it.

Sudden, arbitrary intervention that undoubtedly buried many investors who had made rational investment decisions based upon the realities of the market.  People working in favor of actual price discovery, real fundamentals, demonstrated price action, all suddenly fucked because a handful of madmen around the world think they can centrally plan the global economy.  And they call this a rescue?  Only for morons who were long the wrong stocks.


Wed, 11/30/2011 - 13:43 | 1931124 Harlequin001
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Look I know these people and I can categorically assure you that they are of the finest fucking integrity, and that they would die before doing such a thing...

Wed, 11/30/2011 - 13:45 | 1931145 Harlequin001
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and my appointment to Treasury Secretary comes in 5.. 4... 3... 2...

Wed, 11/30/2011 - 16:30 | 1932098 Mauibrad
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Wed, 11/30/2011 - 13:46 | 1931149 Thomas
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Gotta have Lunch with Hank.

Wed, 11/30/2011 - 14:34 | 1931433 ActionFive
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Price action Friday and Sunday said this was a fed move.

Retail movement/reactions are gone.

Wed, 11/30/2011 - 12:55 | 1930865 Whatta
Whatta's picture

And to think...the downgrade of the banks rating JUST BEFORE this. Talk about a paper-over, dilution of news cycle and orchestrated POS.

Who has the playbook? I wanna know what is next too!!!

Wed, 11/30/2011 - 12:56 | 1930873 Comay Mierda
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down is the new up

Wed, 11/30/2011 - 18:18 | 1932776 Catflappo
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I just met with someone who works for a bank here in New Zealand - he's not a trader, he's on a product development side so he's pretty disinterested in markets.... but anyway, he tells me that on Monday (i.e. Sunday in the USA) his office was TOLD that the banking downgrades were about to take place !

Wed, 11/30/2011 - 12:45 | 1930749 CORNGUY
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I agree.   People with power and influence never get together and use their combined knowledge to profit.  Racer, that would be unethical.    </sarc>

Wed, 11/30/2011 - 14:11 | 1931268 Smiddywesson
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People with power and influence never get together and use their combined knowledge to profit.  

Yup.  There will never be rational markets, because people with power and influence can't make a buck without exercising that power and influence on a market that otherwise would be a level playing field.

Markets always were, and always will be, fixed. 

Wed, 11/30/2011 - 13:03 | 1930918 JustObserving
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How do you like your job at the SEC?

Wed, 11/30/2011 - 12:24 | 1930535 ucsbcanuck
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Why am I not surprised?

Wed, 11/30/2011 - 12:25 | 1930543 Cleanclog
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Of course there was leakage.  That's part of their "expectations/confidence/management".  Fed, Treas, Admin, Congress (except Paul) all wink wink nod nod.

Wed, 11/30/2011 - 12:25 | 1930547 Turd Ferguson
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And this surprises whom?

Wed, 11/30/2011 - 12:39 | 1930577 GeneMarchbanks
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Uhm ... it would surprise CNBC if they weren't too busy not reporting on this...

Wed, 11/30/2011 - 16:21 | 1932024 RockyRacoon
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It WAS mentioned this morning by that funny looking guy with the bit o' white in his chinny-chin-chin lip hair.   That Pete Najarian fella.   He did raise an eyebrow in mentioning it and look longingly at the camera ("Look at me! I know something you don't").   That was all.  No follow up, of course.  That would indicate a confirmation of market collusion, and we shall not have any of that.

Wed, 11/30/2011 - 12:25 | 1930548 Irish66
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How did we miss it?  

Wed, 11/30/2011 - 12:44 | 1930743 hedgeless_horseman
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We should have listened to Todd Martin.

Wed, 11/30/2011 - 12:25 | 1930550 The Big Ching-aso
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Does a stick smell like shit when it's stuck in someone's ass?


Wed, 11/30/2011 - 16:22 | 1932042 RockyRacoon
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Only if you pull it out and sniff it.  I'd advise against such action.

Wed, 11/30/2011 - 12:25 | 1930553 homersimpson
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Unfortunately, this chart is as helpful as Robo's hindsight predictions.

Wed, 11/30/2011 - 12:33 | 1930625 firstdivision
Wed, 11/30/2011 - 12:25 | 1930554 Eagle1
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Is it their fault that they all came to the same brilliant conclusion at the same time?

Wed, 11/30/2011 - 12:26 | 1930555 arm50
arm50's picture

That is part of their, " improving communication with the public."

Wed, 11/30/2011 - 12:26 | 1930558 misterc
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It's leaked in order to strengthen the banks' balance sheets. Prop trading and so forth.

Wed, 11/30/2011 - 12:54 | 1930850 DarkestPhoenix
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Leaked to strengthen bonuses, is likelier.

Wed, 11/30/2011 - 12:26 | 1930560 slaughterer
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Any chance of this compressing in the near future?  I think, yes.  

Wed, 11/30/2011 - 12:26 | 1930561 Captain Benny
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No oversight of the Fed... I'm not suprised.  Lets just keep watching bond yields in Europe, they'll have to do a LOT more to fix the Euro problems.

Wed, 11/30/2011 - 12:26 | 1930562 lizzy36
lizzy36's picture

This is the best Bernanke can do. Make NO mistake leaking this decision was part of his effort. This was a coordinated effort and a coordinated leak. 

Don't forget Bernanke's 3rd and most important mandate: "wealth effect".

Despite his 2002 speech he knows that it will be the end of the Fed as we know it if he actually started directly buying EU debt.

This is an election year, with 9% unemployment and record deficits, Geithner can't spend one single YANK cent on bailing out the EU without killing Obama's 2nd term dream.

So here it is boys and girls, the desperate act of a desperate Central Bankers.

November fund statements will be mailed tomorrow. Allowing the Season of Shopping to continue unimpeded. Exactly what Bernanke wanted.

Wed, 11/30/2011 - 12:33 | 1930619 YesWeKahn
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This is why Princeton is ranked 1st college in the country. They teach you how to cheat.

Wed, 11/30/2011 - 12:45 | 1930754 azusgm
azusgm's picture

And now we have a selling opportunity. I sold out today. When a dividend settles on the 5th, I'm out of the brokerage account. The markets will never be a safe sandbox until the crooks are gone, therefore I probably will never be going back. 

IMO, bullish for selected rural real estate because trust in "systems" will be deteriorating even further and whatever money is left has to be somewhere along with hard assets, food, water filters, etc. I wish I owned a water well company.

Wed, 11/30/2011 - 12:48 | 1930783 BlackSunshine
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Maybe this should be rebranded as QE 3....not the "coordinated action by 6 central banks", not we should just call it something that sheeple can relate to.

Wed, 11/30/2011 - 12:27 | 1930569 ffart
ffart's picture

HOW DARE you implicate the Fed in fraudulent activity. Oh wait, our entire monetary system is a fraud? Carry on, then.

Wed, 11/30/2011 - 12:28 | 1930575 Dr. Engali
Dr. Engali's picture

I'm curious about the 190,000 Jan  call options on BAC opened up yesterday.

Wed, 11/30/2011 - 12:35 | 1930642 firstdivision
firstdivision's picture

I'd take that as a sign that the bank is trying to profit from vol, so when vol does drop buy some puts.

Wed, 11/30/2011 - 12:38 | 1930672 79
79's picture

I'm sure it's just someone hedging themselves. Nothing to see here. Apart from a fleet of helecopters.

Wed, 11/30/2011 - 12:28 | 1930576 Tense INDIAN
Tense INDIAN's picture

whatever they do ...we are more likely to have a HUGE DOLLAR RALLY ....look at the charts ......this could play out ::::

is that a HUGE INVERSE HnS in the dollar  charts ???


Wed, 11/30/2011 - 12:28 | 1930578 pauhana
pauhana's picture

Still can't figure out how the likelihood of a major European bank failure is worth 400+ pts on the Dow.  Doesn't sound like good news but I guess in this crazy old world, it is.

Wed, 11/30/2011 - 12:56 | 1930870 viahj
viahj's picture

dontcha know, pensions are heavily in equities and they control large voting blocks, gotta keep the sheep all pointed in one direction...to the slaughter (post election).  TPTB can't be all that concerned with equities, they go after real assets.

Wed, 11/30/2011 - 12:58 | 1930889 The Fonz
The Fonz's picture

I can think of a way. The market usually turns on any belief that is too widely held. Everyone believes this bailout is going to work.. for now.  The market USUALLY proves you wrong.  You would think it would be easier to make money knowing that :(

Wed, 11/30/2011 - 12:28 | 1930579 TideFighter
TideFighter's picture

There should be a Johnny Carson "fork in the road" a bit after 9:00.

Wed, 11/30/2011 - 12:28 | 1930581 HANKREARDON

I accepted this thesis on faith, now I know there was a leak and I believe.  

Wed, 11/30/2011 - 12:31 | 1930586 The Big Ching-aso
The Big Ching-aso's picture




"No tourniquet?"

"Not this time, it's only a severed arm."

Wed, 11/30/2011 - 12:39 | 1930678 HANKREARDON

"Just a flesh wound" - The Black Knight


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