• Tim Knight from...
    04/28/2016 - 00:27
    I was expecting a few boring candidate statements of the U.S. Senate - AKA the World's Most Exclusive Club - but, boy, was I wrong. Just take a look at some of these gems.
  • Tim Knight from...
    04/28/2016 - 00:27
    I was expecting a few boring candidate statements of the U.S. Senate - AKA the World's Most Exclusive Club - but, boy, was I wrong. Just take a look at some of these gems.

Europe Releases Another Unsourced Rumor To Talk Markets To Weekly Highs

Tyler Durden's picture




 

Update: and now the denial, conveniently just after all the upside stops have been taken out, again via BBG:

An ECB spokeswoman said in an e-mailed statement that it is usual practice and nothing special that Draghi meets or talks with the members of the Governing Council. She declined to comment on the content of any talks.

Of course, this is irrelevant. All the shorts have now been taken out. So once the market tumble resumes on the realization that nothing has happened, there will be no natural buying to the downside. Brilliant central planning as usual.

* * *

And so for the third day in a row, we get Europe continuing to talk itself up ever higher. From Bloomberg, with everything unsourced of course.

  • DRAGHI SAID TO SPEAK TO WEIDMANN BEFORE AUG. 2 COUNCIL MEETING
  • DRAGHI SAID TO FAVOR GIVING ESM BANKING LICENSE IN LONGER TERM
  • DRAGHI'S PROPOSAL SAID TO INCLUDE BOND BUYS, RATE CUT, NEW LTRO

How much higher, we wonder,  can the central planners talk this market up before someone actually demands something be done? And what happens when Merkel comes back from vacation?

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Fri, 07/27/2012 - 13:32 | 2657279 Aziz
Aziz's picture

This is, as Bernanke calls it, "communication".

I call it misinformation.

Fri, 07/27/2012 - 13:42 | 2657349 Noonne
Noonne's picture

"DRAGHI SAID TO SPEAK TO WEIDMANN..."

 

And what did Weidmann say?...

(Nein?)

 

Fri, 07/27/2012 - 13:44 | 2657364 Mr Lennon Hendrix
Mr Lennon Hendrix's picture

Deflation!  It's coming!  DJ 6K!  It's coming!

Ruuun!  Run awaaaay!

Fri, 07/27/2012 - 14:21 | 2657413 sqz
sqz's picture

I'm disappointed Bloomberg (Unsourced Of Course TM) didn't mention DRAGHI'S KITCHEN SINK...

Fri, 07/27/2012 - 13:48 | 2657391 saturn
saturn's picture

He prolly said: Thanks for popping our Bund bubble, Mr. Bastard!

Fri, 07/27/2012 - 13:48 | 2657392 zebra
zebra's picture

WEIDMANN said :"shh.... let me finish buying ES first..."

Fri, 07/27/2012 - 13:43 | 2657355 battle axe
battle axe's picture

Lets see what Monday brings. Perhaps Merkel saying WTF?

Fri, 07/27/2012 - 14:07 | 2657516 saturn
saturn's picture

Merkel: Ich will meinen Urlaub um Göthes willen!!!

Fri, 07/27/2012 - 13:32 | 2657283 Meesohaawnee
Meesohaawnee's picture

and that was good for 50 points in 30 seconds in the dow? comical.

Fri, 07/27/2012 - 13:40 | 2657328 Divided States ...
Divided States of America's picture

That "Something to be done" is when they push more people into poverty, hunger and desperation. and when these masses decide to take matters into their own hands and hang those responsible. I know who they are and Draghi is definitely one of the top ones on my list.

Fri, 07/27/2012 - 13:54 | 2657437 TPTB_r_TBTF
TPTB_r_TBTF's picture

You are gonna take matters into your hands, lol.

Draghi's bodyguards are gonna kick your ass.

Fri, 07/27/2012 - 14:25 | 2657624 Divided States ...
Divided States of America's picture

double

Fri, 07/27/2012 - 13:32 | 2657284 Jason T
Jason T's picture

Can always count on ZH for the WTF just happened

Fri, 07/27/2012 - 13:37 | 2657310 Neethgie
Neethgie's picture

haha im glued to the screen then something just fires up, im like wtf?!?!? then boom zh has it before reuters or anyone else even says anything

Fri, 07/27/2012 - 13:48 | 2657396 saturn
saturn's picture

Same here..

Fri, 07/27/2012 - 13:39 | 2657325 ACP
ACP's picture

Wow, been a while since I've seen RSI @ 90% on all the indices.

Fri, 07/27/2012 - 14:00 | 2657481 viahj
viahj's picture

quote:

Can always count on ZH for the WTF just happened

end quote: and RT to tells us today's winners and losers, tomorrow

Fri, 07/27/2012 - 13:32 | 2657286 fonzannoon
fonzannoon's picture

I love the frustration here. The other question is what happens when they do something and a month later we are right back here again.

Fri, 07/27/2012 - 13:36 | 2657308 Hype Alert
Hype Alert's picture

The problem is once they do something, the gig is up.  Sell on the news.

Fri, 07/27/2012 - 14:06 | 2657528 CrashisOptimistic
CrashisOptimistic's picture

The only thing that actually matters, the Spanish 10 year bond yield (not the spread, the yield, the yield determines fiscal borrowing costs), has moved a grand total of 0.75% on these rumors.  It's at 6.75%.

They may be distriacting the stock trading focused ZHers, but they aren't distracting the bond people, who are the ones who actually determine things.

Fri, 07/27/2012 - 13:33 | 2657287 Boilermaker
Boilermaker's picture

SPX 1,400!

Mission Accomplished!!!!

YEEEE HAAAAWWW

Fri, 07/27/2012 - 13:33 | 2657289 SmoothCoolSmoke
SmoothCoolSmoke's picture

Jesus, Mary and Joseph, save me from this insane bullshit!

Fri, 07/27/2012 - 15:54 | 2657914 LongBalls
LongBalls's picture

You only need Jesus! But your on the right track. Insanity and evil want you to believe they are in charge.

Fri, 07/27/2012 - 13:33 | 2657290 NEOSERF
NEOSERF's picture

And why exactly isn't Gold moving given all this free money printing that will commence in the next couple weeks?

Fri, 07/27/2012 - 14:09 | 2657546 TPTB_r_TBTF
TPTB_r_TBTF's picture

Because it's already priced in.

Fri, 07/27/2012 - 13:33 | 2657291 Dollar Bill Hiccup
Dollar Bill Hiccup's picture

It already has been done!

Just like FIAT, something is created out of nothing.

This is getting weirder by the moment.

Fri, 07/27/2012 - 13:34 | 2657292 Hype Alert
Hype Alert's picture

Hype rocks!

Fri, 07/27/2012 - 13:33 | 2657294 same old story
same old story's picture

and who is going to demand they actually do something?  This rumor stuff has been working so well for them, why stop now?

Fri, 07/27/2012 - 13:34 | 2657297 drink or die
drink or die's picture

I have a weird feeling I should sell some stock right now...

Fri, 07/27/2012 - 13:43 | 2657352 RSloane
RSloane's picture

Keep the ones whose inventories include mountains of toilet paper.

Fri, 07/27/2012 - 13:47 | 2657380 Doomer
Doomer's picture

You can bet the European banks are.  Draghi pumps 'em, 'smart' money dumps 'em.  Gotta get as much cash before the crash.

50 S&P points in two days.   Who said talk is cheap?

 

 

Fri, 07/27/2012 - 13:34 | 2657298 rubearish10
rubearish10's picture

...and so this is the global intervention preview for next week??? It better be 'cause Draghi just might not "do" enough.

Fri, 07/27/2012 - 13:34 | 2657299 HaroldWang
HaroldWang's picture

Wow! Quite a spike! Gonna be ugly when nothing gets done. Fed HAS to announce QE next week now just to keep this up. If not, look out below big time.

Fri, 07/27/2012 - 13:35 | 2657302 monopoly
monopoly's picture

Ahhh, they walk the walk and talk the talk. Dow 14,000 cannot be far away. Earnings, Pfftt, means nothing.

Fri, 07/27/2012 - 13:35 | 2657303 Squid Vicious
Squid Vicious's picture

ouch- time to crack open a bottle of something

Fri, 07/27/2012 - 13:36 | 2657305 williambanzai7
williambanzai7's picture

CAT CALLS IT

Fri, 07/27/2012 - 13:38 | 2657318 LouisDega
LouisDega's picture

Thats a big pussy. Damn, Im quick

Fri, 07/27/2012 - 17:21 | 2658093 ZeroAvatar
ZeroAvatar's picture

Incomplete sentence:  I think your bluffing......???  I think your bluffing stinks?

Fri, 07/27/2012 - 13:45 | 2657369 RSloane
RSloane's picture

Its about time you showed up. I needed a visual to put this all in perspective besides repetatively seeing Vesuvio erupt.

Fri, 07/27/2012 - 14:00 | 2657483 saturn
saturn's picture

How many times a day does the central wanker erupt i wonder..

Fri, 07/27/2012 - 13:58 | 2657476 Lohn Jocke
Lohn Jocke's picture

You're*

Fri, 07/27/2012 - 14:00 | 2657482 Gadocat99
Gadocat99's picture

Grammar smammar

 

 

Fri, 07/27/2012 - 14:02 | 2657492 Lohn Jocke
Lohn Jocke's picture

Lets eat grandpa!

Let's eat, grandpa!

Grammar saves lives, bitches.

Fri, 07/27/2012 - 17:24 | 2658097 ZeroAvatar
ZeroAvatar's picture

"How to Serve Man",  alien text. (150 different ways, including sauteed, pureed, bbq'd, smoked, stuffed, fas grois, etc)

Fri, 07/27/2012 - 13:37 | 2657309 monopoly
monopoly's picture

This is all so absurd, but I am playing with the only currency I know of. 

Fri, 07/27/2012 - 13:37 | 2657312 spartan117
spartan117's picture

Why do they always speak up right when Crimex closes?

Fri, 07/27/2012 - 13:37 | 2657313 RobotTrader
RobotTrader's picture

Wow, Draghi must be laughing his ass off.  How can it be so easy?  Just start flapping your gums with promises and maybes and the Algo/Igor/Robos start buying stocks hand over fist.

In 2009, it was the "Green Shoots" rally.

We'll call the 2012 the "Pie-Hole" rally.

Fri, 07/27/2012 - 13:41 | 2657342 drink or die
drink or die's picture

It's days like this that remind me why I still hold stock.  Levitation based on absolutely nothing besides hot air!!

Fri, 07/27/2012 - 13:51 | 2657420 alien-IQ
alien-IQ's picture

As long as there are idiotic, sycophantic, momo chasing monkeys like you in the world...his bullshit will continue to work.

Your actions give his lies the appearance of credibility and then you have the audacity to wonder why people believe his bullshit.

To call you stupid would be an insult to stupid people the world over.

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