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France Refutes That "Blue Horseshoe Loves €2 Trillion Bailout Fund"
Complete, and total, idiocy
- DJ REPORT EFSF FIREPOWER TO REACH EUR2T "TOTALLY WRONG"-SOURCE
- DJ EU Source: No EFSF Deal Til Friday, EUR2T Number 'Simplistic'
Beyond words.
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this whole this is fking bullshit.
Check this video out -- Who reads the papers? - Yes, Prime Minister - BBC comedy http://www.youtube.com/watch?v=DGscoaUWW2M&feature=share
All true, and funny.
And the market still believes AFTER it's been completely refuted for the 20th time...
Still WAY too many suckers in this market.
Tyler, what is the source??....I have not been able to verify the statement from DJ
I wonder what Todd Martin will say about these unregulated reports.
Tomorrow's headline of The Guardian will read:
Poland Invades Germany
UPDATE: EU Source: No EFSF Deal Til Friday, EUR2 Trillion Number 'Simplistic'http://online.wsj.com/article/BT-CO-20111018-714461.html
so how many weeks has this been going on......
3:18 PM NYSE Time Zone - Europe is Saved!
4:47 PM NYSE Time Zone - That Report Was Complete Bullshit!
Thanks mate, could not confirm the news after it was posted.
No shit. Tyler making stuff up? Say it isn't so.
It says "DJ" in the headlines, so I'm sure it's Dow Jones newswire.
Don't educate him. Remember it's impossible to fix stupid Spartan.
Who is te fucking "SOURCE"? Sarko's mistress? This is beyond absurd. The EU has officially delegiitimized itself today.
Who can believe anything these pack of clowns say? All pure BS!
The paranoid part of me <99%+> asks why is this from the Guardian??? I thought FT was the designated water carrier. Something is amiss here!
sarc
EDIT: It's on the DJ newswire
Today? Every single day for the past year is more like it.
now...if its in Euros...how many zeros is that?
http://en.wikipedia.org/wiki/Long_and_short_scales
I think a bit more than most think
From wiki
We are in an alternate universe, lol.
The current global economic PONZI scam (born of fractional reserve banking fraud), which now depends heavily on rumor & innuendo from media "sources" to perpetuate its very day-to-day existence, is currently at one of the historical, watershed 'make it' or 'break it' moment in time (to those of us with even basic arithmetic skills and/or common sense, I am confident that we realize which ending we're certain to see):
http://static.flickr.com/3608/3508581286_c29888b4d8.jpg
http://www.secform4.com/significant-buys.htm first day that I can remember that not ONE insider bot stock ZERO
No, ending will be like this:
http://www.batguano.com/nuclear/33.jpg
There were NEVER two paths, only ONE- the "break it" one. Ponzis cannot "correct," lest they wouldn't be Ponzis.
It's like the picture. Note how there's NO food around. What else is there to eat? Pretty logical outcome. It's one that you could apply the the entire grow-or-die paradigm that we've been operating under for, well, a, thousands of years.
Yea, from now on lets run up a wild rumor 1/2 hour before market close to ramp it, then deny the rumor after market close, so that we can run up the same rumor tomorrow for another stock ramp.
This is well beyond retarded.
Hey, if I could make the bots go up and down just by posting rumours I would too. Easy money if you can do it....... Lets see...
I heard they were going to say screw inflation and just print 4 trillion new Euros.
Er; Um; F**king SOURCES PLEASE?
Loosing Credibility by the second.....
FUCKING SOURCES??????
DJ is the DOW JONES NEWSWIRE....FUCKING PAY FOR A GODDAMN NEWS SERVICE WITH YOUR TRADE ACCOUNT. Or wait the delay and wait for the reutgers newswire tonight.
Fucks sake.
Freaking hilarious. All to initiate a short squeeze to cover the turd AAPL laid. F'in hilarious.
that was strangely fast...
(pre-planned and prepared?)
I think it's a natural function of the Benny Hill-esque manner in which the EU conducts business.
Before market close, fire that guy
LOL
How can one not laugh? Un-fucking-believeable.
These fuckers been doing this the past few weeks...of course any negative releases are for after the markets closed and promptly ignored.
This is exactly right. The Financial Times (Alphaville) even did an article about it, looking at news release timings and market performance that day, and, of course, decided to call it the "FT Effect". Though, to be fair, most of the rumors have been caused by them.
http://ftalphaville.ft.com/blog/2011/10/12/700706/is-there-such-a-thing-...
Every single time it's some "anonymous" source related to an official source or simply some no-name official who has nothing to do with anything. But, of course, the market does not care. Quite a few people think its algos trading off the back of sentiment changes on the news wires or adding to any volume in that direction IF the sentiment news change is there.
What's even stranger is that the market keeps reacting off stories in Anglo news sources who have basically no stake in Eurozone discussions but are high profile, mainly due to English language dominance.
Whereas you can expect if anything concrete that changed anything at all were announced, it would at minimum be quoting high profile named officials and be broadcast from the rooftops to German and French newswires.
EUR 2T are totally wrong. It must be 6T.
Yeah according to them frogs, 2T aint enough....RIBBIT!
Shimman, it is just a key on a keyboard after all. Just keep moving the finger to the right until...
Who's on first (base)?
That's what I wanna know...
Bart Chilton?
http://watch.bnn.ca/#clip551797
the source code is corrupted...
This is complete bullshit. It will continue until Greece "officially" defaults...
Guardian Fail.
Up 20 pts on rumor... down about 7 after the DJ report.
Hmmmmm
They CAN NOT do anything but spin and blow smoke until an external club hits them over the head.
Well, it's from deathz... err eurozone so DUH!
Unelected dictator Barroso must be proud of this latest uber confidence lifting twilightzone episode. After all, he said THE ONLY problem in Europe is lack of CONfidence.
I have absolute confidence that reality, exponential functions and mathematics WILL have the final say! :>(
looks like they kicked the can down the road again. It doens't solve the imbalances between the North-South. It sets up a financial ticking timebomb, since the South will take decades before they are as competitive as the North. Incurring debts, or falling into frequent recession along the way. The ECB interest rate policy cannot find an equilibria for long run growth for the South-North duality.
The South must leave, or Germany must leave. Either/Or.
In either case the cds wolfpack will likely head to Japan.
Whenever there is excessive imbalances, there will always be excessive debtor/debt. So the wolfpack will always smell blood. Sovereigns are playing musical chair until the EFSF financial bomb explodes.
The South will never be as competitive as the North. It's a cultural thing.
This side of the looking glass sucks.
No. Its wonderful.
"the wind blows, the grass grows, and the sky is blue ( or gray or wihite or lavender, crimson or .... welll you've seen its best im sure. )"
The worlds money system is changing from one of "credit" to one of "stuff". Yes the credit of the thing is falling as credit falls, but that stuff still exists and will have to be acknolaged.
Like a game of cards and all you ever use are chips. Sooner or later you will close your hand and cash those chips in for stuff. That time is comming.
So this side of the looking glass is seeing the small players cashing out and the big suits looking for players at there table.
Once they see that only they remain they to will close there hands and leave.
Price discovery comes in 4 years.
Thank you for playing your hat and coat sir.
Suppose you were an idiot. And suppose you were a member of Congress. But I repeat myself.
- Mark Twain
yea of course as expected...right before the close..these criminals are sucking dry everyone
Shorting the insolvent EU, you might as well hang a sign around your neck: "KILL ME!"
"Shit is fucked up and bullshit"
This is what the end looks like people, 100pt swings in the DOW in minutes. You didn't it was going to be a nice 45degree angle down to zero did you?
BTW, shouldn't someone be arrested at the guardian newspaper for market manipulation...
wont be arrested b/c they manipulated the market higher not lower. Higher manipulation you are doing the bernak work lower manipulation ( facts) you go to jail for going against the system.
Exactly right FMB.
All this and not even reported by an anonymous blogger - go figure.
Todd Martin of SocGen just shit himself.
Link? who is this source?
All Congresses and Parliaments have a kindly feeling for idiots, and a compassion for them, on account of personal experience and heredity.
- Mark Twain
... agreed.
They are leaking different rumors to test the market reaction (gauge the size of the “bazooka” needed to convince the markets).
I'm done. Can't even try to invest like this.
I'm with you. Selling what little I still had invested in the market and just going to buy some more ammo and gold. See you guys on the other side.
I hate to say I agree. Bought a few shorts at close and holding SDS, but will probably sell that off tomorrow as well and stay 100% in cash until Nov or Dec or forever and instead go buy something tangible. I commend whoever has this market pegged and is making any $$ as it seems nearly impossible to me not to loose.
Correct. 100% cash feels real good right now.
Spanish Inquisition time into politicians+family+friends brokerage accounts. This is worse than what the Russians and Chinese get upto.
Someones making out like a bandit and its not J6P.
J6p got a car and to play golf on the weekends.
When have slaves ever had it so good?
And just who is profiting from all these false rumours?
No wonder the VIX is still above 30. The ride today was nauseating.
The shorts aren't going away soon. It isn't fixed.
exactly what are people expecting is going to happen when this is announced anyway? MORE upside? haha
"I will personally backstop $10 tril euro debt." Derek_Vineyard ZH 404PM EST
Thanks, but next time let us know secretly so that we can frontrun your news.
And for a modest fee, I will personally insure $10 tril euro debt.
Suffered a loss? Call our claim line: 1-800-YOU-LOSE ...
Anything for opex.
I told y'all. It's the ALGO's fucking jobs no matter what to uptick every fucking bid no matter what the fucking story is. Nothing esle matters. DOW 36,000.
Nah all they need now is a few hundred point range to totaly drain everything from the retail suckers.
Who in the hell is trading on this crap? other than the machines?
What the fuck?
Machines, short covering, mom and pop and value investing buy and holders staying the course. No new incremental buyers. They'll start coming in after another 20% morve higher or so.
SURE yea bankrupt retail will buy, 20% higher...uh huh.
Futures should be up a gazillion based on this - this is like october baseball...you can't script this!
The bailout rumors will continue until morale improves. C'mon people, just 'like' it and shut up an go about your business!
I'm sure this will still be good to lock limit up futures overnight and have us finish up 10% for the day tomorrow.... hey, wtf, maybe the market is starting to reflect the new reality: we're playing with Monopoly money now.
Welcome To The Machine:
Market and perceived market direction is now determined by TPTB
Eu 2T "simplistic"? What is less simplistic? Eu2.000.000.0000,000.01?
crooks would stop at nothing to make sure you are left penniless! the rothchilds and cohorts equal about twenty families, in which about 300 family members reside. they use the US army as their private police force, worship the devil, (skull and bones) and want to destroy half the worlds population! well, i've had enough, and i'm going to tell God!
Another sample of professionalism and execution by newspapers and goverments - this type of behavior would not be performed nor tolerated by a typical F200 American company.
Buy the rumor, sell the news. But what to do about the news of a rumor?
Or the rumor of a plan to make news about a rumor about a plan to plan?
Need a book on dodecadoubleplusgood psychology for that.
This is all going to end tragically for Europe.
that is the plan at least
I want what they are smoking.......
Souls?
Those folks don´t smoke. They are on alcohol and medication. Some of them on blow.
I've become desensitized.
*pours another one*
Fuck this shit.
Next will be discovery of a 300 billion barrel light sweet field in Kansas down just 40 feet.
Refuted after the close.
This is all about killing shorts. But shorts are their friends.
The delicious irony is they have no idea theyre sowing the seeds of their own destruction.
It would make a great novel if it wasnt so obvious.
Longs money is JUST as green as shorts money! All you bulls thinking theyre only going to rob the shorts will soon get the rude awakening of a lifetime.
Welcome my son
Welcome to the machine
Where have you been?
It's alright we know where you've been
You've been in the pipeline
Filling in time
Provided with toys and scouting for boys
You brought a guitar to punish your ma
And you didn't like school
And you know you're nobody's fool
So welcome to the machine
Welcome my son
Welcome to the machine
What did you dream?
It's alright we told you what to dream
You dreamed of a big star
He played a mean gituar
He always ate in the Steak Bar
He loved to drive in his Jaguar
So welcome to the Machine
Pink Floyd
The news today: every bank fudging numbers and raping Americans, the one PD reporting results without massive fudge factor had a massive Goldman loss, IBM top line missed big time and you can only squeeze so much out of margins, Crox is telling you discretionary spending coming to crawl, credit card payments inch up in deliquency, the U.S. dollar HIGHER most the day against EUR only to barely end up down against it......
This all good for a 2+% move higher! Just WOW. What total bullshit.
The 3rd part of the Michael Lewis trilogy.
Wait! I was in a meeting. So the last post said they reached an agreement and were going to leverage the EFSF to 2 Trillion and this post said that was not true. Is that why the Market closed almost 200 points higher!
Geez, Good thing I was out of the market! So rumors and refuting of said rumors happen within minutes of each other...geez.
Welcome to the New World Order. Please check your valuables at the door.
Found the source.
http://www.likeablequotes.com/blog/wp-content/uploads/2011/01/homer-3.gif
Hey that bald guy in the pic looks strangely familiar..
If €2 trillion is too simplistic, just wait until the inevitable €6 trillion to €12 trillion is tossed out for mass speculative consumption by some unnamed and completely anonymous "source."
And add in BACs derivative exposure to Europe.
$2Trillion too 'simplistic'....$10Trillion more realer.
Announced just after the closing bell and the +300 pt ramp up. Hilarious.
You can't fight the Pigmen, is this so hard to understand?
Thats right you cant beat them, so dont play. Same thing Ive been saying. Now watch as the bulls who bought in get wiped out, maybe tomorrow with -150 DOW open. Will it happen tomorrow? Maybe not, but 1 morning soon it will.
from FT: "Well, you’ve heard of the FT effect, what about the Guardian effect?"
Sarkozy's psy ops in full swing. Keep the embers burning and the false flags flying to the end. They don't want the MARKET to know the final details until the last minute. A bottle of champagne is fine for RM. Not a bleeding run on the EURUSD spread. So they keep the tenter hooks on the FX indices; but let WS spin up on the euphoria as long as the sweet smell of EFSF leverage doesn't go sour.
The Guardian story got its info from "EU diplomats". Dow Jones (and ZH) got their info from "Source". Both views are essentially worthless until proven otherwise.
The entire Western World is essentially worthless...trade that.
They gotta drag the rumors out as long as they can because this is pretty much the final put. EU bail, qe3 then what?
Thats right, ANYTHING that they can come up with now is an endgame, and everyone knows it.
No underlying problem has been looked at, much less fixed...the terminal cancer patient lays on the table on life support while doctors say 'Hey maybe THIS will work!' as they apply more make-up and nail polish colors...day after day. Its over.
AAPL!
woe be to amzn! lol.
Holy carp! that can't be right!
http://www.marketwatch.com/investing/stock/AAPL
Looks like Apple is taking a bit of a dip in the koi pond there indeed!
Probably be up +$50 by tomorrow though.
How does one get to sell after hours? Again, if you think the game is rigged, don't play.
They're trying to rig it with the rumors and counter-rumors, lol. What they are probably going to do is end up crashing it like in 2008.
The world has gone from "papers, please" to "papers please!". As we approach the debt/credit event horizon, it's all one can do not to laugh at the absurdity of it all.
www.pmbug.com
you see? we are talking about 2 trillions and it doesnt matter if these are rumors..., insane
Yea $2Trillion Euros...hell merely chump change these days! Didnt BofA just cook the books and flip $54 Trillion in bad debt to account holders today?
Wake me when we start talking about bailouts of over $5 Quadrillion....this is all boring.
If you are running the casino and making the rules how can you lose?
Answer: no one shows up to play.
We are getting to that point now.
http://www.youtube.com/watch?v=V_-e_iSFE6g
And they sell gold. That is funny.
dj link: http://blogs.wsj.com/marketbeat/2011/10/18/rally-going-down-in-flames-as...
Sources?
We dont need no stinkin sources.
This is the blogosphere!
The wave isn't in yet. It's coming though. You see, when the late Princess died it took a few days and then folk caught the wave and rode it. It's happening with european democracy or lack of. It's catching on fast and more and more folk are going to want to ride it. So forget about euro bailouts and the like. It ain't gonna happen to any degree before a fundemental change in how our politicians and bankers work for us. I had to change some hard Sterling to Euros today for a trip and I knew it would probably be the last time.
Rumours are cheaper than Trillions.
"This is Europe, damn it! Leave the /simplisme/ to the hooting bazooka-men next door. Yes, we are taking it down to the wire because we will accept nothing less than an appropriately nuanced response to our banking crisis."
Does this mean the market goes back up tomorrow?
I would have to say tommorow is risk off, probably mirror image today, but in reverse to settle in at -75 EOBD. There are alot of plates in the air right now.
Cheers.
Longs consistly organize rumors to kill shorts;
I don't see short do the same - sad.
From a recent FOFOA piece - "the ECB, on the other hand, is not mandated to assist the economy like the Fed is. In fact, FOA wrote back in 2000:"
"Basically, this is the direction the Euro group is taking us. This concept was born with little regard for the economic health of Europe. In the future, any countries money or economy can totally fail and the world currency operation will continue. What is being built is a new currency system, built on a world market price for gold."
The euro priests have a higher function me thinks - the nation states were their creation and now these playthings bore them.
George Soros spoke recently on CNBC - he stated that Euro banks capital exports dwarfed American & Japanese banks.
I think since the 90s(1992) and the absurd Euro fiscal rules the sovergin has become tiny relative to credit & not the false GDP metric.
Ajay Chopra (IMF) speaking in Ireland talked of the Euro banks exporting credit / capital and reimported these bets on now tiny dwarf sovergins.
Who & what financed the creation of 2 Chinese Coal plants a week ? -- most of this stuff is in he Euro banks balance sheets me thinks.
We got interest income & cheap goods but we exported our core capital.
They have shitted in their nest because they feel they have outgrown them.
Most of the worlds turmoil is centered on the euro creation - its the heart of darkness.
The ECB would not exist without a united Europe.
What he should say is that the ECB is not prepared to deal with monetary problems to the same extent as the Fed is. Hence the EFSF.
Since Maastricht continental Europes core capital has collapsed in my opinion - even Germany is not as strong as it appears - I would prefer to live in a slight defecit country when / if the euro debt bubble goes down - see France , rather then Mercantile Germany.
When / if their exports collapse their winter gas bills will skyrocket relative to wage deflation.
Germany has been hollowed out - it just produces designer objects for finance types & Chinese bosses now.
Their only hope is Irish stupidity - the Greeks are smart enough to buy sovergins.
That fucking Guardian article cost me $3,000 in 3 minutes when it sent financials parabolic. If it turns out to be false / incorrect / misleading it will be the 3rd media "story" (Starting with CNBC Leisman) to fuck my positions in 4 weeks.
Sorry for the profanity folks. I rarely resort to it but this is another reason why Wall Street needs to burn. The whole game is rigged against anybody betting against them.
George ... The Greek ... From Canada
UPDATE: I turned a quick 1-hour profit on FAS today ... proves the point that PTB will let you share the wealth as long as you are with them, not against them.
Just in after the close, just like pushed off until Friday then some good news Friday afternoon only to be refuted on the weekend then a deal announced pre market Monday to be taken back after the close and pushed back later on the week etc etc etc....
It's funny no wonder how sophisticated and intricate a scam or fraud is, when it begins to unravel they all go back to the same ol cowardly playbook....conflicting stories, lies, avoidance, buying time, dithering waiting, websites crashing, etc etc
Let the entire rotten edifice fall already so that we can all start to rebuild
Fuck off with trying to maintain the stays quo and current pecking order....its over....if you're broke you're broke no bailout and move out of the way for the new masters to take over