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EUR Plunges On Late Day L-Pap Scaremongering
With G-Pap talking of federalism all morning at Zeitgeist, the M.A.D. button was just pressed again by L-Pap as only minutes after we hear of a drop-in-a-bucket EFSF rescue fund for Greek banks, Dow Jones notes:
Preparations for Greece Euro Exit Considered, Papademos Says: DJ
Chart: Bloomberg
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That didn't take long.
How many Greeks do the bulls have to play whack-a-mole with? They are popping out like a seven head hydra at every turn.
and yet the eurosheeple cling to their worthless pieces of paper....
black tuesday anyone?
FB, MUST, HOLD, 31, DOLLARS.
Seems like the PPT intervened in the last couple minutes....
http://www.americanfuture.net/2012/05/19/germany-repeating-the-mistakes-...
Caveman is in the open again...
Pladizow? I'd recognize those avatars anywhere!
AH breaks trading day's low
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That is why we are having a summit tomorrow.. All those Euro shorts are adding to on this move and are about to get their faces ripped off.
I hope you're right ... I sold all my remaining EUO at 3:58pm
Too many specs are leaning one way. They are asking for it.
Yea right, this time is different. The summit will come up with a fix for everything, unlike they did the Summit(n) times ago.
they don't have to actually "fix" anything ... they just need rumors about 'agreements' for a faceripping short squeeze Euro rally to happen
Need to plan the next Summit
You are exactly right, i jumped out and to the other side in expectation of an LTRO. It wasn't looking like a good decision around 2pm but finally turned around late in the day. The market acted like a schizo today, one large and long head fake.
I think there is something else coming as well, anticipation of something positive coming out on JPM or maybe the Fed is going to piggyback on the ECD's money printing activities, if he doesn't the dollar will get dramatically stronger relative to the Euro which ultimately translates to other pairs.
Given the action in the financials it seems that something is coming, whether its from Goldman, JPM or others. Myabe more are caught in the same trade?
Depends on insider information.
If Greece goes, so does the other european banks and in turn their countries. Pap called their bluff and they threw a little money which won't do anything except allow for more people to pull money out of their bank accounts.
stock market is falling out of bed - 80 point drop in the DOW in about 5 minutes ... and 15 minutes of trading left for the day
they're running low on lipstick
SOMEONE PULLL THE PLUG ON THE HFTS BEFORE FB CRASHES BELOW $31!!!!!!
DNR
~DO NOT RESUSCITATE~
Damn !!! Should have bought gold in Euros...
u gotta love Gartman
no, really, you don't
Funny how we knew all about this Greek EUR exit preparation LAST WEEK already, and the market is acting as if it is new NEWS today!
Can we stop all the "wondering" and the rumors and just get real?
Greece will never leave the Euro.
Never, ever, never, never, ever, nerver.
...until it does.
Never, ever, never, never, ever, nerver is a long time.
"GREECE WILL NEVER LEAVE THE EURO"
And I say: The Euro will be leaving Europe.
I would just like to point out that, should this happen, that is left is "pe" ... seems about right!
Regards,
Cooter
Then Germany will.
Everyone to the other side of the pool....
In other news, another great day for dollar cost averaging down on your Facebook shares for all you early adopters...
why even bother? not telling where support is on that stock.
wake me up when my $4 bids are filling
Dead cat is over
What is the Greek word for "Olé!"?
"Opa!"
And that's what the citizens of Europe will be saying 12 months after exiting the Euro.
Much like Waterboarding, there can't be "co-operation" until there is fear of DEATH.
Europe is beyond repair and the only co-operation required is in dismantling the Euro. The only people being waterboarded right now are the common people, who are being scared by threats of chaos if they do not vote for austerity.
We will only cooperate with death at the Bastille. Follow us on Facebook.
Fade into the close.
Curtain call.
Just put in order for FB at $30.25. Could happen on this whoosh. Close to low band of $28 originally considered. I still like the payment authentication potential even more than ad stuff.
My first foray into the stock btw. Didn't participate earlier, long nor short.
you got money to waste?
You, Sir, are in dreamy lalaland. The stock, which is probably worth $2-$4/share, is being propped up by the massive IPO buying of the big boys. So far, they've been patient for two whole days.
When they lose confidence that this stock will EVER reach $38 again, or when they have margin calls, fair value beckons...
that you Morgan? Where's Stanley?
You should use your money as rolling paper, you'll get a better ROI...
what a beautiful chart!
Dear L-PAP Will you just shut the fuck up???? You were not elected and you have nothing to do with anything any more, just go kill yourself you fucking piece of shit
Silly wabbit. Long is for stoopids.
Did you not learn a single thing from James Bond movie titles, Lost Wages?
Never say never. Again.
In Other News ... HELL IS COMPLETELY FROZEN OVER!
Yes. They are having a meeting tomorrow to schedule the meeting where they will meet to discuss an upcoming urgent meeting to plan a meeting where they may at some point mention a Greek exit. In passing.
Tomorrow, may I remind you. This time it is serious.
"Who's on first" - Bud Abbot
third base, Lou Costello
To-morrow, and to-morrow, and to-morrow,
Creeps in this petty pace from day to day,
To the last syllable of recorded time;
And all our yesterdays have lighted fools
The way to dusty death. Out, out, brief candle!
Life's but a walking shadow, a poor player,
That struts and frets his hour upon the stage,
And then is heard no more. It is a tale
Told by an idiot, full of sound and fury,
Signifying nothing.
And the Pavlovian response is: FLEE TO THE DOLLAR AND BONDS!!!!
GPap - turnabout is fair play - throw his a$$ into the street - GPap bided his time & strikes.... LPap with the assist Old Sturdy Greek Leaders 1 - Merkel/Barrosso/VROMPOY - NIL
The Greeks,
"We came, we ate, we're not paying for the check"
Or the smashed plates.
1 trillion + in losses, germany. have fun bailing out your zombie levered to the max banks and everyone else. also, who is going to buy your "exports" http://www.zerohedge.com/news/dollar-libor-market-hints-credit-agricole-... GENIUS GENIUS GENIUS!
IMF big stick now telling Grease its time to leave the club. Lagarde says "en garde". You have been warned. Day of the she-wolf now rules Europe.
Even w/o Greece the Euro ponzi will need a high protection wall, to protect uber-alles bankstas and their own shitty sovereign bonds; they are all tied down like galley slaves. Oh the wet dream about the incestuous euro bond! Merkel hates the idea of going bed sharing with smelly footed club med!
"Wash you feet and then we'll see." "Wash my feet? with what? the shit is everywhere! And water is so expensive in Andalusia, even Gibraltar does not belong to us and, we don't have ANY sewage treatment on the WHOLE spanish coast's German bunker wall, when the whole of europe visits us in long hot summer. Imagine all that stuff floating in the Mediterannean made in Euroland shit holes, north and south!"
Mama mia, if only we knew how to make gasoline from turds!
" if only we knew how to make gasoline from turds"
Who Rule Barter-Town?
Tell you what, throw in a helmet head retard for me to ride around town on and that snortgees gal with the 3 inch clit and I'll come set the plant up for you.
I gave you a greenie for getting the Mad Max retard and Snorg Tees girl reference in once sentence. Thanks for the lolz.
As much as I hope that Greece leaves , then spain, then Portugal and the implosion of the Euro- we all know that the Printing press will soon be open nonstop printing Eurobonds. I wish I would just wake up one morning and read that Greece told the EU to fuck off- but it aint gonna happen.
They'll need 2 printing presses. One to print Eurobonds and one to print Euros to buy Eurobonds with.
Easier than taking it out of someone else's pocket.
More like a Schrodinger's cat...
Both alive and dead.
Or a live cat that wishes it was dead.
But Bloomberg said that stocks were up because of improving existing sales, what has Greece got to do with that?
With all the fiat money that has been printed, for instance 60% of the treasuries in the USA were bought by the FED since 2008. We are on the way to a dilution of the purchase power of the capitals we have around. No other way, when you expand the monetary base in this manner that you will be able to grow the goods and services that the economy can generate fast enough to maintain the balance. Inbalances will be eaten out by inflatioin.
With the FED lending to the government and the banks and nearly 0% interest rate. The whole thing means legal hidden confiscation of capital under way worldwide. Nothing less, nothing more than the same old that governments have done when in need.
And as always, those helping the governments do it, get a lot richer on the way, thus the inequality increases that will only get worse as time passes by. All this is, of course, if they can make it happen without a revolution, which they are preparing laws to help them manage internal instability and training their police forces, as you can witness happening both in the USA and abroad.
Until next time,
Engineer
Just bought some more of my favorite gold stocks...what a nice afternoon gift. Thanks Nikos!
Not the worst idea. I prefer physical however.
MAD Magazine Facebook Stock Certificate The Idiotical Mark Zuckerberg
http://www.madmagazine.com/blog/2012/05/15/a-sneak-peek-at-the-facebook-stock-certificate#
They really have diabolic minds. Look this Euro shit they invented. It stays in europeans nightmares day after day and it's turned to be an authentic thriller all over the World. Seems those kind of never endig awful TV series.
Pappy II got a nice payment for making that statement in the true spirit of crony capitaljism.
...estimates a cost of 500 Billion to 1 Trillion euros.
I missed the part about who's expected to pay...
got gold and silver
all this right ahead of the summit tomorrow
imagine that
This game of chicken is reaching the scary part
Looks like it will be a head on collision as each of them thinks the other guy will change course
It is really funny! Those Greeks are the tin foils of economic world, making a hard time to everyone. I dodn't know whether GS has insider infos about their next move.
saved that news for the last hour ... 3:00 to 4:00 pm muppet beat down.
WTF! There is bad news everywhere and PM are still dropping like a rock.... I have been stacking this whole ride down from 38.00 oz for silver, and just bought more yesterday. Is this shit ever going to turn or is it just mental masterbation think it is.
u should have bought Gold.
Market can stay irrational longer than you can stay liquid...
Relax, a good trade, Thursday and Friday PM up while market down...
Since the market is down about 30% since 2000 and Gold is up 700 percent, I think we are good...
But, if you are not sufficiently margined, you better be right about what and WHEN, no just what...
Stay liquid my friends...
G
REVERSIES!!!! EEEK OUT A POSTITIVE CLOSE!!!!
HOW F'ING GAY CAN THIS ACTUALLY GET?
I don't know. How f'ing gay do you want it to get?
I love people who still use the word "gay" in a derogatory way, here in 2012.
It makes me remember the joyous days of my teens in the 1980s oh, so well.
How do you know I didn't mean happy?
One just knows certain things, without fearing the wrath of incorrect assumptions.
Well, i'm sorry to offend your metrosexuality and need for political correctness to the LGBT community when referencing 'gay' in a rant against Wall Street corruption.
I'm going to flog myself accordingly for the faux pas. It just wasn't as fabuloous as I was hoping for.
Political correctness is not what I seek, nor what you would be practicing by nixing the use of "gay" in a derogatory manner.
I hate Wall Street corruption, too, but I rant against by not offending a single societal group - other than lying and thieving politicians and bankster-gangsters.
Oh, and you aren't offending my metrosexuality. Merely leave negative references to my sexuality out of this conversation, okay?
Why would anyone on a website like this care whether you are gay?
The fact is 'gay' is an insult. Get used to it.
Fuck it. Maybe some people see being gay as derogatory. This is still Amerika and if you don't like someone's speech, too fucking bad, don't listen. Feel free to call the markets 'hetero', I don't think anyone will complain.
Indeed. In the spirit of humor I'll simply add,
"I fail to understand what's sexy about some guy's hairy"- Howard Stern
yeah, like back in those those joyous days of the 50's.
reverses in last ten minutes . market is GAY! you are right.
Manipulation at its finist
COT commercials are long EUR....I wonder if they will be right int term at least. Hard to bet against them!
http://humblestudent777.blogspot.com/
Markets will always move in a way to hurt the maximum amount of holders at anytime.
Marketcycles79
That's some desperate shit right there.
Does scaremongering give one a sense of purpose?
If the scaremongering be subjective rants of book talking, sure, would agree...
There is a time when the "scaremongering" changes to an objective warning and those relaying the message are weathermen warning of a tornado...
Subjectively, I believe that day is coming, objectively, if I am correct, you should be scared...
Stay liquid my friends...
G
Funny how the euro crash is showing on the gold price chart too.
I have been told so many times that gold was great when fiat currencies collapsed. Well, it's not.
Do you still transact business each day in a local paper currency?
If so they haven't collapsed yet. Try again when your grocer doesn't accept a greenback. Then we can talk of how PMs perform in a collapse. We aren't there yet.
You haven't been to Greece in a long time, have you?
Never been to Greece.
Are grocers there not accepting Euros?
They are.
But their cash registers have no bin to hold shavings of gold.
Correct, that's what the pants pockets are for.
Well what caused the market to go up at the end? It seemed so unnatural.
Strippers & Viagra ?
Are you new here? /sarc
Up at the end?
Pay attention to the futures close in the NQ and ES...15 minutes after market close...
It is a 24 hour world and the answer to your question will be answered tomorrow...
Look at the NQ and APPL hourly chart if you are a trader like me...
As Leon Russel's band would say, Going down, down, down, down...
Remember the most money is made flattening for reactions and pouring on the sell algo's...
Real 3rd wave action, target 2350 NQM...
Stay liquid my friends...
G
Um, one more thing, it was "unnatural" as digital music is different than analogue...
The algo's are like DAW's, all right angles, no nuance, right, "unnatural", but it really is human nature without nuance...
We will get to the same place no matter the vehicle or road, it's 1938 in USA, 1990 in Japan, hell it's the unwinding of the South Sea Bubble...first digital meltdown...should be fun...
Get your three G's, Gold, Guns and Grub and head for the hills...
See you there...good lord willing and the creek don't rise...
Stay liquid my friends...
G
Under the reign of the ECB, Trillions of Euro worth of loans have been set-up mutually between its member states. These loans bear full-fledged interest in any of their legs. Most of those loans are circular, thus harder to resolve by means of the states involved directly in any of those circular scams. Those mutual loans comprised some 2/3 of the EU sovereign debt May 2011 .
Europe can solve its debt problem in the manner described un our report,
'Keys To Europe's Soci-Economic Liberation' :
http://essential-intelligence-network.blogspot.com/2012/05/keys-to-europes-socio-economic.html
'you may not think about politics but politics thinks about you'
Aung San
*Ex-Greek PM Papademos suggests there are no preparations underway to exit Euro
http://www.cnbc.com/id/47528167
Insanity contiues.