• Knave Dave
    05/23/2016 - 18:16
    This past Thursday marked the one-year anniversary of the US stock market’s death when stocks saw their last high. Market bulls have spent a year looking like the walking dead. They’ve...

ECB 'Inaction' Succeeds In Doing What Nobody Has Achieved In Decades! Sending Risk Soaring

Tyler Durden's picture




 
0
Your rating: None
 

- advertisements -

Comment viewing options

Select your preferred way to display the comments and click "Save settings" to activate your changes.
Tue, 11/08/2011 - 17:48 | 1858381 mayhem_korner
mayhem_korner's picture

 

 

Funny how the tub drains..er, fills up?...when you pull the stopper out.

Tue, 11/08/2011 - 17:49 | 1858394 Irish66
Irish66's picture

not if it is clogged

Tue, 11/08/2011 - 18:16 | 1858497 HedgeAccordingly
HedgeAccordingly's picture

Hot chicks and Range Rovers cure all....  http://hedge.ly/gFWVSm 

Tue, 11/08/2011 - 18:47 | 1858590 eureka
eureka's picture

Nothing - repeat: NOTHING - CURES GREED.

Of course inaction brings back risk on.

Only the Moment Of Truth - i.e. imminent death - may arrest greed - here, specifically, the greed of the elite - AND - since the elite runs the fiat printing press, there will never, ever be a Moment Of Truth. Until the day the masses may rise & cut the heads off of the elite.

Tue, 11/08/2011 - 18:16 | 1858498 jdelano
jdelano's picture

They're not gonna break me. I'm not going long this market and I'm not taking my puts off. I don't care if they go to zero.

Tue, 11/08/2011 - 19:27 | 1858760 chump666
chump666's picture

It's funds running on a momo suicide run.  No one should go long in this market.  EUR is sellling now, 10yr Italy will hit 7% in the next 48hrs

Tue, 11/08/2011 - 19:36 | 1858782 youngman
youngman's picture

If it was a stand alone market I would agree with you...but now we have the ECB to play with it whenever they want...they got their BADA BOOM MAN....so they will buy it down I think...but it will go to 7 then 8 then 9...its broke too

Tue, 11/08/2011 - 20:43 | 1858977 chump666
chump666's picture

F*ck ECB, its run by a mad Italian...it's probably running multi billion euro unrealized losses.  He keeps printing, Germany will leave the EU.  No doubt about that, or its Weimar Republic part 2.  The IMF will eventually bailout the ECB with it's own print job.

Tue, 11/08/2011 - 17:46 | 1858388 vast-dom
vast-dom's picture

Must be BULLISH then.

Tue, 11/08/2011 - 17:52 | 1858411 ACP
ACP's picture

What isn't bullish?

Tue, 11/08/2011 - 17:55 | 1858426 Note to self
Note to self's picture

Penn fucking State

Tue, 11/08/2011 - 18:32 | 1858557 HD
HD's picture

Reality.  Not that it matters...

Tue, 11/08/2011 - 17:50 | 1858395 PicassoInActions
PicassoInActions's picture

it seems like a serious coordinated actions.

Something is gaming the game.

 

Tue, 11/08/2011 - 19:04 | 1858667 A Man without Q...
A Man without Qualities's picture

Look at SocGen today - generally crap results and yet up 7%+, same with Lloyds in the UK.  What's the link - the global banking system is massively undercapitalized, so there is a desperation to juice the market.

As for Italy, half the street knows about various games the government has played to make their finances look better.  Perhaps the system needs strengthening for coming shocks?

I get the feeling the politicians are turning into daytraders - obsessively focusing on how they can control the markets, because they realize there is nothing else they can do..

Tue, 11/08/2011 - 23:11 | 1859455 constitutionalist
constitutionalist's picture

exactly

Tue, 11/08/2011 - 17:50 | 1858397 BadKiTTy
BadKiTTy's picture

Must ....... try.........to.......... hold ............. on........... to ............sanity....

K@

Tue, 11/08/2011 - 17:51 | 1858399 max2205
max2205's picture

Meltdowns are horrifing, meltups are gazed upon in wonder...my quote

Tue, 11/08/2011 - 17:51 | 1858400 FinalCollapse
FinalCollapse's picture

All news is bad, and the market goes up. Price discovery, bitchez!

Tue, 11/08/2011 - 17:52 | 1858404 Ruffcut
Ruffcut's picture

Is this when asscroft was singing his eagles soar song?

Sorry, soaring down the shitter song by rat fuck and the cheese eaters, on the b side of their album ,"fist fuck me, at will".

Tue, 11/08/2011 - 17:52 | 1858406 Dr. Engali
Dr. Engali's picture

Smelly French Sogen banker on CNBC now.

Tue, 11/08/2011 - 17:52 | 1858410 youngman
youngman's picture

It is funny to me to watch the European Banks selling their soverign debt....and the ECB having to buy it up...or not.....Banker vs Big Banker...lol...when will it ever end...when will it ever end...

Tue, 11/08/2011 - 17:54 | 1858420 fonzanoon
fonzanoon's picture

I will never have an understanding of how financial stocks could be doing anything other than tanking in these times. Even if they are backstopped all they amount to are zombies. Who the hell actually thinks they are going to be profitable anytime in the next 50 years?

Tue, 11/08/2011 - 18:47 | 1858594 RichardENixon
RichardENixon's picture

The more apt question might be will they go up in price over the next 50 seconds.

Tue, 11/08/2011 - 18:56 | 1858633 NotApplicable
NotApplicable's picture

Profit? That's sooooo last century.

Tue, 11/08/2011 - 19:03 | 1858662 fonzanoon
fonzanoon's picture

That explains my mining stocks performance.....

Tue, 11/08/2011 - 20:08 | 1858880 Rainman
Rainman's picture

need profit ?? just hire the accounting firm that thinks your way...the right way

Tue, 11/08/2011 - 17:54 | 1858421 fonzanoon
fonzanoon's picture

I will never have an understanding of how financial stocks could be doing anything other than tanking in these times. Even if they are backstopped all they amount to are zombies. Who the hell actually thinks they are going to be profitable anytime in the next 50 years?

Tue, 11/08/2011 - 18:27 | 1858538 Panafrican Funk...
Panafrican Funktron Robot's picture

http://www.finviz.com/quote.ashx?t=XLF&ty=c&ta=0&p=m

The sector is still trading about 60% below it's peak.  I agree that it's a zombie, but as you said, it's a massively propped zombie.  That, and people find it hard to resist catchig the falling knife.  That can prop shit up for a long time.  

http://www.finviz.com/quote.ashx?t=XLP&ty=c&ta=0&p=m

For comparison.  

Tue, 11/08/2011 - 19:01 | 1858650 fonzanoon
fonzanoon's picture

Your points are completely correct. I figure if I get angry enough about it maybe that will change things. So far not so much...

Tue, 11/08/2011 - 17:54 | 1858422 Lady Heather...UNCLE
Lady Heather...UNCLE's picture

It's been another  Lewis Carroll kinda day. Es have been chasing a white rabbit up, down then UP!

Tue, 11/08/2011 - 17:55 | 1858425 NOTW777
NOTW777's picture

the powers that be have the formula down - the weak leader resign dance. they can repeat it with the other leaders of each insolvent euro state - dow should be at 14k in a few months.

maybe they will try it with obama - I'll resign if (insert the conditions e.g. full government healthcare, every job a union job, etc etc)

Tue, 11/08/2011 - 17:57 | 1858431 Seasmoke
Seasmoke's picture

RISK ON STEROIDS

Tue, 11/08/2011 - 18:00 | 1858441 TradingJoe
TradingJoe's picture

Desperation folks! They know there is no money coming anytime soon so they do waht they can to keep the mirrage! It's funny because all they want is gov dough, in order to get it markets must plummet, yet they, wanting to be IN while it happens, send markets higher, on low volume though, hence FEDsters NOT GIVING AWAY THE PRIZE! Ergo, no money coming because greedy bancheros can't "figure it out" hehehe!

I still think a sell off before year end ramp up is in order! Say around 1178ish or so?!?! Well, I don't mind since physical is my game! And some puts/calls every now and then, otherwise this market is for algo-HFTs and suckers, at best!

Tue, 11/08/2011 - 18:29 | 1858545 Panafrican Funk...
Panafrican Funktron Robot's picture

I promise the floor is 1350 for year end.  Bank it.  No, I don't like this, but it's reality.  

Tue, 11/08/2011 - 18:00 | 1858442 alien-IQ
alien-IQ's picture

Nothing says "merry Christmas" like $100 per barrel oil.

Tue, 11/08/2011 - 18:18 | 1858506 navy62802
navy62802's picture

Nothing says "merry Christmas" and "happy Hannukah" like $200+ oil. Just wait until Israel strikes at Iran.

Tue, 11/08/2011 - 19:03 | 1858663 Savyindallas
Savyindallas's picture

Iran may surprise and kick their ass.

Tue, 11/08/2011 - 18:19 | 1858512 Mike2756
Mike2756's picture

Need a silver bullet to kill this market.

Tue, 11/08/2011 - 18:29 | 1858544 navy62802
navy62802's picture

If the potential bankruptcy of the European Union, with the political instability we are seeing now, cannot kill this market, then there is nothing that can kill it.

Tue, 11/08/2011 - 19:09 | 1858693 A Man without Q...
A Man without Qualities's picture

that's the perfect statement to illustrate the mindset of those who jump in near the end of a rally, only to see it drop 10 - 15% in a few days...

Tue, 11/08/2011 - 18:22 | 1858519 LawsofPhysics
LawsofPhysics's picture

There it is.  Energy is the only thing that matters. If $100 per barrel oil is good then $150 per barrel should be outstanding.  Let's see if TPTB can get us there before the next election.

Tue, 11/08/2011 - 18:06 | 1858468 Lady Heather...UNCLE
Lady Heather...UNCLE's picture

Impossible to short it and imprudent to long it (what's that? you have a stop loss...good luck with that when the SHTF.

Only way to win is not to play. A pity.

 

Tue, 11/08/2011 - 18:08 | 1858478 slaughterer
slaughterer's picture

So where is the David Rosenberg recession?  Where is the Bob Janjuah sell-off?  Where is the systemic CDS-led domino-series collapse of the EZ?  Where are these things?  Around me all I see are fat bulls charging with smiles on their faces.    

Tue, 11/08/2011 - 18:14 | 1858493 jcaz
jcaz's picture

LOL- yeah, they're just killing it, aren't they?  They just went net-positive for the year two days ago- HUGE BULL MARKET!

Tue, 11/08/2011 - 18:20 | 1858513 jdelano
jdelano's picture

Lol--my sentiments exactly. These stupid assholes gobbling up cramers new book--getting back to zero.

Tue, 11/08/2011 - 18:37 | 1858566 HD
HD's picture

"Getting back to Zero"

  Good stuff mate. Green arrow for you.

Tue, 11/08/2011 - 18:39 | 1858573 lotusblue
lotusblue's picture

Yeah,Cramer will get you to Zero.

Tue, 11/08/2011 - 21:47 | 1859169 LongBallsShortBrains
LongBallsShortBrains's picture

Lol hard at that !!!!!

+1

Tue, 11/08/2011 - 18:14 | 1858490 Little Red Rooter
Little Red Rooter's picture

Chicken manure bitchez!

Tue, 11/08/2011 - 18:18 | 1858511 YesWeKahn
YesWeKahn's picture

Has the shorts given up yet? The market will be pumped until the next fed chairman appointed.

Do NOT follow this link or you will be banned from the site!