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ECB Intervention Update: Steamrolled

Tyler Durden's picture
Submitted by Tyler Durden on 11/14/2011 08:38 -0400



 

ECB intervention half-life: 30 minutes. BTPs are now at day lows, with the cash price on the 10 Year dropping to just above 87. Next support is last week's record low in the 82s. However, with one Super Mario brother certainly more friendly toward the other, Goldman planted one, we are confident the ECB will bring ze Germans to a boiling point before it ceases trying to offset the unstoppable plunge in Italian bonds.

 
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Mon, 11/14/2011 - 08:39 | 1875133 GeneMarchbanks
GeneMarchbanks's picture

Bunga rally half-life not even 24hrs...

Mon, 11/14/2011 - 08:41 | 1875134 wang (not verified)
wang's picture

I think that they are both Goldman Marios

Mon, 11/14/2011 - 08:41 | 1875135 paarsons
paarsons's picture

Good Citizens of Metropolis.

Run to the hills.

http://fucklloydblankfein.blogspot.com

Mon, 11/14/2011 - 08:43 | 1875138 Variance Doc
Variance Doc's picture

Rollover, Bitchez!

Mon, 11/14/2011 - 08:45 | 1875140 westboundnup
westboundnup's picture

As always, what does it mean?  How do you trade a market that's subject to constant manipulation?  When fundamental and technical analyses are meaningless, how do you formulate a strategy?

Mon, 11/14/2011 - 08:48 | 1875147 HD
HD's picture

I'm making a long term* bet the S&P goes down and gold goes up. I can wait.

 

 

* time frame: Any minute now to 180 days

Mon, 11/14/2011 - 11:44 | 1875654 Bwahaha WAGFDSMB
Bwahaha WAGFDSMB's picture

180 days is long term?  It's the new normal I guess.

Mon, 11/14/2011 - 09:10 | 1875202 s2man
s2man's picture

Veeeeeery carefully.

Mon, 11/14/2011 - 08:45 | 1875141 HD
HD's picture

Any bond with unlimited toppings and breadsticks 9.99%!

Mon, 11/14/2011 - 08:45 | 1875143 Stack Trace
Stack Trace's picture

LMAO!

I expected this but not so quickly. Things seem to be worse than they appear.

Mon, 11/14/2011 - 08:49 | 1875153 The Onion Of Tw...
The Onion Of Twickenham's picture

A little side show : this morning's auction in Hungary was a total disaster. A 50 bn forint auction, only 37.5 bn in bids, none accepted. Epic fail.

Mon, 11/14/2011 - 09:02 | 1875177 reload
reload's picture

Spain also moving into the spotlight.

Silver hanging in though - and Dr Copper well in the Green which is confusing me!

Mon, 11/14/2011 - 08:51 | 1875156 oogs66
oogs66's picture

ummm, can i change my order on that new issue?  i really only wanted to flip the bonds for a quick profit

Mon, 11/14/2011 - 09:20 | 1875217 onarga74
onarga74's picture

Glinda, the Good Witch of the North: Ooh! What a smell of sulfur.

Mon, 11/14/2011 - 09:42 | 1875256 Schmuck Raker
Schmuck Raker's picture

ECB:

"OK. Now, I dare you to cross THIS line!"

Mon, 11/14/2011 - 10:27 | 1875370 Snakeeyes
Snakeeyes's picture


This is all noise. Europe doesn't have a prayer of surviving in tact. Just kicking the can down the Autobahn.

Merkel Calls For “New Europe” – European Sovereign Yields Exhibit Enormous Variation 

http://confoundedinterest.wordpress.com

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