- advertisements -
But but but... the futures are soaring?
Because the Bundestag will pass the EFSF package this week for sure.
Tom Keene just opened the show "the celebrations continue" as he recited the futures
his first question to his first guest "what do the gloomsters get wrong?"
Exactly!...plus, Bob Pisani said this rally is 75% real fundamentals, which is why I took 75% of my total wealth and went all-in on Netflix, GE and HP.
In other great news, I'm highest bidder on a bridge some guy's selling...man, you all are missing out...suckers!
the future will be turbulant, exciting and progressive no matter how much the nihlist don't like it.
Fire up the rumor mill she's losing steam!
somebody forgot to tell the eurusd buyers...
Someone forgot to tell the Credit Agricole buyers.
Trichet in the interview with Corriere della Sera:
4. European countries were urged to boost the rescue fund (EFSF) to contain contagion and avoid recession. What do you think of that? Could the EFSF be leveraged, for example, through the European Central Bank, or receive a bank licence? Or is it better to anticipate the creation of the ESM, as Germans suggest?
I call for the full and swift implementation of the decisions of 21 July taken by the 17 Heads of State or Government. And for them to stand ready to face up to acute new challenges in a period which is so demanding.
i.e. leveraged EFSF
so why the stocks are up?
So they can be faded to zero into the close.
Don't ask him about bonds though. He hasn't a clue. Not in his programming.
Well, if people aren't going to buy the Bonds and the ECB will not... what are you going to do?
fuck only knows
..and also, Tyler, kindly redefine your notion of Risk-off
I was going to complain that the order should be Portugal, Italy etc.
But IS PIG is so much better.
risk on risk off
Sunk cost dilemma.
I plan to leave for a three week european vacation on Oct. 20;
airfare and accomodations have already been paid for.
This is a classic economic dilemma, but the risk of being stranded by Spanish labor disputes causes concern.
Buy gold and silver.
And some books to read at home.
My English is not good, I read your post again and I'm assuming that "sunk cost" means you already paid for it.
If you can change destination, do so. Here in Brazil the post office and the bank tellers are on strike.
Now in my state the police is also going on strike. Just imagine something like that happening, or the shit hitting the fan while you are there.
I would change my plans but, I am going to visit my sister and 2 young nephews.
As for sunk cost:
-Airfare is non refundable and paid for
-hotel accomodations are also paid in full (by my sister)
-Food is already covered for 2 of the 3 weeks
-no car rental costs
- I am planning on spending less than 700 euro during the trip
so what's your problem? when the flight is delayed due to a strike, check your airline's terms to see in how far you are fucked... normally you have no right for another flight, but often airlines will still take you on a later plane.
and if you are stranded, get yourself some spanish chica and live the rest of your life off paella and roja
Take with you some extra cash to be able to get out by taxi/cab/boat/mule/whatever.
At the smallest sign of trouble get out as fast as you can. Gasoline has this tendency of disappearing when crisis hits.
I would make enquiries for the ferry from Santanda in Spain to Plymouth England in case you need to get to anglo american territory quick.
ZH's in UK will look after you I'm sure. P.S: 700 zeuros ain't much at Spain's prices. Best wishes to your family and bon voyage, eh.
you can come, but bring some spare change if you have to prolongue due to strikes
You're definitely covered for subsistence and a flight back to the USA; and possibly for compensation, depending upon the circumstances.
Relevant EU law:
The Air Transport Users Council says: 'Regulation (EC) 261/2004 requires airlines to offer you meals, refreshments and hotel accommodation as appropriate whilst you wait for a rearranged flight. They should also cover any transport costs between the hotel and the airport. There are no time or monetary limits on the provision of this assistance.
Under EU rules, airlines must compensate passengers up to €600 if their flight is cancelled or heavily delayed, unless the situation has been caused by 'extraordinary circumstances which could not have been avoided even if all reasonable measures had been taken.'
The ruling that outlines these rights is Regulation (EC) 261/2004 and it applies to all flights wholly within the EU/EEA or Swiss region, or departing an EU/EEA or Swiss airport, or arriving in the region and run by an EU/EEA or Swiss airline.
'If your airline has not provided assistance, and you have had to arrange it yourself, our advice is to keep your expenditure to a minimum, make sure you get receipts and claim reimbursement from your airline when you get home.'
Phone your airline to check, but do read the act too.
Have a good time!
Should I bring bullion or bitcoin, in case TSHTF well before my scheduled flight home?
fund managers need to get back into equities. they have to take the rally (if it comes) from the beginning to get their tracking errors back in line. remember that most have defined mandates. and those who have freedom are desperate for any upside, as quarter-end reporting will reveal the bloodbath to many investors.
so depseration, coupled with optimism = equities up
i was wondering why the US futures took off!
Bad is the new good...
Europe: everything is fixed now, start buying the dip !
US and rest of World: everything is fixed now, start buying the dip !
China: sorry about the hot potatoes ....
Outstanding detailed interview with greek economics professor at Athens University on Dutch tv news show. Conclusion: "You are watching a farce, Europe about to implode."Interview in english, program is 40 minutes, interview starts at minute 19.Watch here: http://nieuwsuur.nl/uitzending/2011-09-27
Worth a listen everyone, interview itself is only 5-10 min.
"Greece is just a sideshow now..."
The level of major resistance, the 50-day moving average, is falling quite rapidly. It was at 1230 when the last rally stalled at 1220. Now it´s at 1207 and the bull ran out of steam yesterday at 1195.
It´s an impressive run but still I think it lacks underlying strength. The internals aren´t really that impressive. Maybe they´ll be able to push it above 1200 but I´m sceptical. Still, the quarter end window dressing factor is probably strong. We shall see.
BUT...EURO President out flapping his gums today....Its not a "iceberg" its not a "iceberg" stay in your seats, do not be afraid...please
it's not an iceberg, it's the whole arctis!
BREAKING: Greece Departure From Euro Zone Inevitable, Issing Tells Stern
This rally should last as long as it takes to read his "transaction tax" proposal.....that won't make any Big Swinging Dick happy!!!!
Time to blow the bonds bubble.
They will try and rally all the way through to that Banking Holiday known as Columbus Day (October 12th) when the 5 Central Banks begin their dollar infusions into Europe.
Its wierd that Germany has no buyers of its bonds.....the strongest of the EU countires I have been told...but Spain and Italy had no problem selling yesterday.....what is up with that????one day makes that much different....or something much more sinister....Snidley Whiplash maybe
bc the ecb is not (yet) buying bunds
AAPL has been a winner in this lousy quarter so they´re selling that to dress up their losers.
It´s a great company with a strong brand, making tons of money.
Unlike major stock watering scams like MSFT, INTC, CSCO and GE to name a few, AAPL has relatively few shares outstanding. I think it´s a buy on dips from here.
Here's what I think is going on with this Greek bailout renegotiation talk. In a nutshell, Merkel is finally admitting privately that the numbers don't add up and has been secretly working on a plan to let Greece default while staying involved as creditors to Greece to try and keep it in the Euro. Won't work as planned but at least it gets the default rolling sooner.
markets rally due to "Euro: Das Boot edition."
looks like the torpedo's are locked and loaded!
Tips: tips [ at ] zerohedge.com
General: info [ at ] zerohedge.com
Legal: legal [ at ] zerohedge.com
Advertising: ads [ at ] zerohedge.com
Abuse/Complaints: abuse [ at ] zerohedge.com
Advertise With Us
Make sure to read our "How To [Read/Tip Off] Zero Hedge Without Attracting The Interest Of [Human Resources/The Treasury/Black Helicopters]" Guide
How to report offensive comments
Notice on Racial Discrimination.