Europe Warns EFSF Will Not Reach €1 Trillion, EFSF Yields Remain At Record Wides

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Fri, 11/11/2011 - 11:02 | 1869668 GeneMarchbanks
GeneMarchbanks's picture

Market doesn't do arithmetic on holidays, hehe.

Fri, 11/11/2011 - 11:08 | 1869692 Hansel
Hansel's picture

IMO, the fix for equity markets is in until after New Years.  Keeping the stock market pumped through the holidays is in the 'interests' of the U.S.  If the U.S. can bomb Libya based on 'interests' then they can surely pump the stock market.  :tinfoil:

Fri, 11/11/2011 - 12:16 | 1869944 Harlequin001
Harlequin001's picture

This isn't news, I thought the EFSF was having trouble raising more than fifty bucks...

that's about forty euros or somethin'

Fri, 11/11/2011 - 13:12 | 1870199 Zero Govt
Zero Govt's picture

Yes but remember Benny pumping the stock markets is "transitory"

His illegal price rigging private bank, The Fed, managed to shaft the Gold price a few weeks ago but Gold is back on the up

Bens policy objectives are transitory, his micro achievements are transitory, Ben is transitory ...only Gold is a constant which transitory Ben keeps bouncing off like a pissed flea

Fri, 11/11/2011 - 11:04 | 1869672 Spirit Of Truth
Spirit Of Truth's picture

Party pooper.


Almost 11:11 AM!!/4spiritoftruth

Fri, 11/11/2011 - 11:03 | 1869677 Manthong
Manthong's picture

US stocks opened higher Friday, advancing for a second straight session, as leaders in Italy and Greece took measures to curb the region's ongoing debt crisis and hopes for a $1 Trillion gift of dilithium crystals from the Vulcans.

Fri, 11/11/2011 - 11:06 | 1869678 ZeroPower
ZeroPower's picture

None of this matters, the markets are clearly back in rally mode. Everyone should refresh their minds on how to BTFD last seen from Mar 09 to the 2010 summer. We can see FrAAnce become that, Austria lose the AAA - itll shake out some weak longs and trick the shorts, but the trend is in. Anyone shorting now till year end will be wrong... as disgusting as it is.

Fri, 11/11/2011 - 11:05 | 1869682 RobotTrader
RobotTrader's picture

Homebuilders leading the charge.

Beazer up 9% already.

Looks like the lows in housing are in.

Fri, 11/11/2011 - 11:11 | 1869695 High Plains Drifter
High Plains Drifter's picture

hey robo. how are people going to buy houses if they have no jobs?   are they going the liar loan route again?

Fri, 11/11/2011 - 11:11 | 1869701 Spastica Rex
Spastica Rex's picture


Fri, 11/11/2011 - 11:11 | 1869709 Comay Mierda
Comay Mierda's picture

cramer, is that you?

Fri, 11/11/2011 - 12:32 | 1869711 somethingisrotten
somethingisrotten's picture

You freaking moron.  Why is it SO PREDICTABLE when you will show up here with your blather?  You have already stated that you do not own any of the garbage that you keep annoying us with.

Fri, 11/11/2011 - 11:16 | 1869730 somethingisrotten
somethingisrotten's picture

I am now convinced that you are either the anti-Tyler, anti-Christ, or deformed brother of the Squid.

Fri, 11/11/2011 - 12:18 | 1869961 Harlequin001
Harlequin001's picture

Forrest Gump...

Fri, 11/11/2011 - 11:50 | 1869842 RealFinney
RealFinney's picture

Houses are cheap to build when you loot the materials from rotting McMansions in the desert.

Fri, 11/11/2011 - 11:06 | 1869683 tempo
tempo's picture

Nearly 1/3 of the EFSF guarantors/contributors is from Spain/Italy. So the countries that need a bailout are providing the bailout. Man I want to invest. How selfish for pampered, lazy over entitled countries like Italy, Greece and Spain to beg China, India and Korea to bail them out where the average wage for piece work is $5/day. So the rich want the slaves to lower their living standards so the rich don't have to work. How deluded.

Fri, 11/11/2011 - 11:14 | 1869720 High Plains Drifter
High Plains Drifter's picture

paying debts with more debt.  no one has the balls to stand up and say no more and then point fingers. nobody. not one person will do it. everyone is cheaply bought off . they all get along just to get along. nationalism is dead. the land of my fathers is desroyed. 

Fri, 11/11/2011 - 11:05 | 1869684 Dr. Engali
Dr. Engali's picture

If the market was processing math we would be trading at S&P 400 right now.

Fri, 11/11/2011 - 11:06 | 1869685 AngryGerman
AngryGerman's picture

whaaaaattttt? no trillion? ooooohhhh dear! whatever shall we do?

and, my dear efsf, markets to improve? buahahahaha!

go fuck yourself and while i fuck your milf. you cannot bail out shit.

Fri, 11/11/2011 - 11:06 | 1869686 monopoly
monopoly's picture

Just a bunch of lies, but they make it work short term. Gold looking for 1,800 again? Got gold. 

Fri, 11/11/2011 - 11:06 | 1869687 RobotTrader
RobotTrader's picture

Yet another "fakeout shakeout" on the NY Composite.

PigMen took bears to the cleaners again.

Back above the 21-day and 11-day EMA again.

Fri, 11/11/2011 - 11:08 | 1869690 plantigrade
plantigrade's picture

Who remains to fund this EFSF ?

Italy and Spain won't loan to themselves, France is slowly getting on the brink, and the Germans don't want to inflate.

Will the nueva ECB buy the Dreck anyway s'il vous plaît ?

Fri, 11/11/2011 - 11:09 | 1869694 High Plains Drifter
High Plains Drifter's picture

grant said yesterday. they will print...........and so they will.............they have forgotten weimar,

Fri, 11/11/2011 - 11:11 | 1869704 lolmao500
lolmao500's picture


Fri, 11/11/2011 - 11:12 | 1869714 wang (not verified)
wang's picture

do they have riot cams in Rome and Milan?

perhaps after more vino, the gnocchi were delicious bring on the secondo

Fri, 11/11/2011 - 11:13 | 1869718 RobotTrader
RobotTrader's picture

Here's the shocker:

Worst recession since the 1930's

Yet the XRT has had a huge 3-year run and has barely corrected on the weekly chart.

Where's the recession?  We'll it is not in retail stocks at least...

Fri, 11/11/2011 - 11:22 | 1869750 AngryGerman
AngryGerman's picture

i like you, you are cute. you are like one of those furry things that talk to you when you push their belly.

Fri, 11/11/2011 - 11:14 | 1869722 EZT
EZT's picture

What about operation "Meatball"...

Fri, 11/11/2011 - 12:07 | 1869910 The 100 Trillio...
The 100 Trillion Dollar Man's picture

No meatballs. Eat your peas!

Fri, 11/11/2011 - 11:30 | 1869771 oogs66
oogs66's picture

they don't need efsf now because ECB will just print?

Fri, 11/11/2011 - 11:31 | 1869778 Belarus
Belarus's picture

Could be the market is discounting the fact that S + P is selling at 11x earnings, with the Fed never having intentions of lifting interest rates as they have boxed themselves in, and that the mother of all stimulus' continues and will continue: 1.5 trillion in UNFUNDED deficit spending. 

Betting on a meaningful downturn at this point is a tough bet. And it will only take a few days for the market to wake up in a few days to realize that the best case downside scenario is 20%--which basically barely wipes away the mother of all rallies in Oct. While the best case scenario will send the S + P 500 over the next year or two to well beyond it's historical high. 

Yeah, I know, someone's got to play the contrarian around here with the hatefest for anything stock related. But even currency wizards believe owning things like railroads is a great call, and the race to the bottom continues regardless of europe.....

In other words, it's a good time to think beyond the few days ZH narrows its focus on methinks, and look beyond the noise. Go long inflation related investments and if you need to sleep at night hedge with puts that'll protect an overall downdraft.


Fri, 11/11/2011 - 11:38 | 1869798 vote_libertaria...
vote_libertarian_party's picture

China would be nuts  to float Europe any bail out money.

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