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Fresh Report Of Greek Political Deal... Again
And so the EURUSD spikes on yet another supposed agreement out of the Greek politicians. The FT reports: "Greek politicians have reached a deal. Statement out shortly according to FT's Athens correspondent." Further from the FT's blog: "An official in the prime minister’s office says: “There’s an agreement, Mr Papademos has met with Mr Samaras and it’s done. There will be a statement shortly." Yes, we have heard this before, and we have seen the same reaction before. The deja vu'ness is now all blurring into one. In practice what this means, for those who can think beyond the most recent headline, is that Greece has formally agreed to pledge that its GDP will be positive in 2013... Sold to you.
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Trading and investing is all about fundamentals.
What if there are no fundamentals?
I'd say the fact that they're still pumping out rumors is pretty fundamental.
I think we threw out the fundamentals quite some time ago.
2007.
1999
Actually, since the Cambrian Era but visibly since 1913.
Both answers are correct......here's your gold participation trophies.
Guess who gets to pay the 50 year old Greek teenager his allowance.......YOU DO!
god damn it Get, these are gold plated
20 mils of luxurious gold......strict limit of 5 per customer.
Actually.....we're not that serious about the strict limit.
check this out
http://www.scribd.com/doc/81050037/OCC-1996-43-Credit-Derivatives-Guidel...
pp
sarc?
You're not very familiar with Gene are you?
if there is no law there is no crime, my friend .
PP
lol
Talking about the fundamentals is a terrorist red flag. New FBI memo.
.....and being a fundamental catholic puts you straight to the head of the line.
OT and sorry for a repeat post but I think it is important that the folks here understand the relationship between the U.S. gov't abrogating contract and property law and the U.N.s Agenda 21. Here are some quotes that are compiled in the article "agenda 21 for dummies". I would encourage everyone to google "agenda 21" and read about what the masters of the universe have planned for us.
“Agenda 21 proposes an array of actions which are intended to be implemented by EVERY person on Earth…it calls for specific changes in the activities of ALL people… Effective execution of Agenda 21 will REQUIRE a profound reorientation of ALL humans, unlike anything the world has ever experienced… ” Agenda 21: The Earth Summit Strategy to Save Our Planet (Earthpress, 1993). Emphases – DR
Urgent to implement – but we don’t know what it is!
“The realities of life on our planet dictate that continued economic development as we know it cannot be sustained…Sustainable development, therefore is a program of action for local and global economic reform – a program that has yet to be fully defined.” The Local Agenda 21 Planning Guide, published by ICLEI, 1996.
“No one fully understands how or even, if, sustainable development can be achieved; however, there is growing consensus that it must be accomplished at the local level if it is ever to be achieved on a global basis.” The Local Agenda 21 Planning Guide, published by ICLEI, 1996.
Agenda 21 and Private Property
“Land…cannot be treated as an ordinary asset, controlled by individuals and subject to the pressures and inefficiencies of the market. Private land ownership is also a principal instrument of accumulation and concentration of wealth, therefore contributes to social injustice.” From the report from the 1976 UN’s Habitat I Conference.
“Private land use decisions are often driven by strong economic incentives that result in several ecological and aesthetic consequences…The key to overcoming it is through public policy…” Report from the President’s Council on Sustainable Development, page 112.
“Current lifestyles and consumption patterns of the affluent middle class – involving high meat intake, use of fossil fuels, appliances, home and work air conditioning, and suburban housing are not sustainable.” Maurice Strong, Secretary General of the UN’s Earth Summit, 1992.
Reinvention of Government
“We need a new collaborative decision process that leads to better decisions, more rapid change, and more sensible use of human, natural and financial resources in achieving our goals.” Report from the President’s Council on Sustainable Development
“Individual rights will have to take a back seat to the collective.” Harvey Ruvin, Vice Chairman, ICLEI. The Wildlands Project
“We must make this place an insecure and inhospitable place for Capitalists and their projects – we must reclaim the roads and plowed lands, halt dam construction, tear down existing dams, free shackled rivers and return to wilderness millions of tens of millions of acres or presently settled land.” Dave Foreman, Earth First.
What is not sustainable?
Ski runs, grazing of livestock, plowing of soil, building fences, industry, single family homes, paves and tarred roads, logging activities, dams and reservoirs, power line construction, and economic systems that fail to set proper value on the environment.” UN’s Biodiversity Assessment Report.
Hide Agenda 21’s UN roots from the people
“Participating in a UN advocated planning process would very likely bring out many of the conspiracy- fixated groups and individuals in our society… This segment of our society who fear ‘one-world government’ and a UN invasion of the United States through which our individual freedom would be stripped away would actively work to defeat any elected official who joined ‘the conspiracy’ by undertaking LA21. So we call our process something else, such as comprehensive planning, growth management or smart growth.” J. Gary Lawrence, advisor to President Clinton’s Council on Sustainable Development.
You should spend a week learning the difference between the IFM / World Bank side of the U.N. and those of UNESCO etc on the other. Hint: one side has lots of money, and lots of power. The other can only make non-legally binding suggestions and form committees. Their policies are not aligned, and frequently contradict each other: take another week to study every IMF intervention into an economy, and you'll easily find that each and every one focuses on privatisation & standard business models, not Communist land grabs (you fucking stupid monkey).
Regarding the other pieces: if you're still envisioning that everyone on the globe can live like 320 million Americans (in terms of energy usage and current petrochemical economies), then you're supporting the side that wants only 500 million people, which is where you're attempting (badly, stupidly, naively) to place environmentalists and Sustainable Development.
81-85% (roughly) of the Earth's 7 billion people live on less than $10 / day, and Brent is still >$100 / barrel. You do the math on that one.
Newsflash, you fucking troglodyte from the Boomer generation: free ride is over, and your type is going the way of the dinosaurs.
Let's see if I can explain this so you can grasp it. First, why are you responding towards me with anger? Am I responsible for this policy? Did I say whether I agreed with it or not? Or, is it something I'm bringing to the attention of this board which I feel is coincidental to this abrogation of property rights that we are witnessing here in the U.S? OK, perhaps you got that question correct and answered that I'm just bringing this to the attention of the board. Secondly is this idea of the U.N. interference, or policy/wishful policy interference, congruent with our constitution? Assuming you can get that one correct, is there any oath that our leadership takes that would act to counterbalance this U.N. policy of abrogating self governance (think defending the constitution against all enemies foreign or domestic)?
What I am alluding to here is that "we the people" have not given our consent to be governed by the U.N. It doesn't matter what G.W. Bush thinks OR what Obama thinks about that policy since it is not theoretically their decision to make. That is why I brought it to the attention of this board. It is very fortuitous for TPTB that these events we are witnessing with regard to property rights will serve to further the agenda of the U.N. and that this policy is directly against the interests of the average U.S. citizen (I don't like using that term), your analysis that we don't deserve this level of lifestyle (and apparently the right to own property) notwithstanding.
Now, to your statement that the IMF actions are not aligned with those of UNESCO and their policies. It seems to me that using the IMF to indebt and control the finances of third world countries WOULD in fact further the U.N.s policies. Putting land and utilities into the hands of "private" corporations that are ulitmately controlled by the bankers (if you look far enough up the food chain of the board of directors) is EXACTLY what this agenda 21 is all about. Using our politicians to make laws that restrict and/or make impossible the ability of private farmers to grow food and distribute that to their neighbors IS EXACTLY aligned with this U.N. policy. Making laws that put our coast line, parks, and rivers under the direct control of DHS and/or EPA so this agenda is carried out is part and parcel of this agenda. It is the complete subjugation of the U.S. population that this agenda is calling for, and that you apparently agree with.
If, and I say if because I don't have personal knowledge that it is true or not, Peak Oil is for real and we as a world do not have a suitable replacement in time to continue the growing of food at the levels we currently enjoy, then there is going to be a population adjustment (think die off) regardless of what either you or I think or want to happen. I'm sorry that the world is not fair and that oil has served to grow the population of the world exponentially while our gov't has used their power to exploit the third world and it's resources. I'm fully aware that there is a reckoning coming our way and it won't be pretty or fun. That being said, it's not my belief (acknowledging in advance that I'm often wrong) that surrendering our ability as a nation to control our resources and make our own laws that serve our nation is the way to make life fair for everyone in the world. I think this only serves to strengthen the substantial power that our rulers already have. When you hear of any of those folks giving up their G5's, mansions, 200 ft yachts because of the "greater good" then get back to me.
You seem to think that these folks are going to be a bunch of benevolent dictators and will make life fair for all those that have to date been screwed out of a happy life, I disagree. Perhaps we can agree to disagree with having to resort to name calling?
So? How is this wrong?
But but but this time it's for realz! Promise!
WASH, RINSE, REGURGITATE.
Let's have another meeting. To come up with another plan.
yes, a default that do not trigger cds.
in the end it's all about this.
Pepsi to cut about 9k jobs. That guy Moynehan of B of A just auctioned off his ballsack. Goldman bid on it. Risk on.
"But this time I promise to not pull the football away, Charlie Brown."
Heres the plan, see? We takes this here money, and puts it in our pockets. VOILA! Problem solved!
Hey wait a second you'z 3 guys look suspicious!
NAH we're real financial repairmen! Nyuk nyuk nyuk!
The FT are nothing but gutter press with their rumour mill over the past year. The National Enquirer would have a more sound perspective on current economic affairs.
Anything to pump a future green for open.
This is the process. This is the destruction of all credibility. By the end of it, The Street gets short during this process, and when The Street is ready, the market falls apart.
We are reaching back a full decade now to discover days similar in trading volume. This is where you see the death of credibility most clearly. The market has already voted on the death of the criminal syndicate known as Wall Street.
Additionally, this is the death of MSM credibility, playing the role as pawn in all of this. Their ratings have been plunging for years, and the bell is tolling for them, as well. Just check how much money the NYT has lost this year. FT to follow. The BlowHorn [CNBC] "news" of the last three years is beyond embarrassing. The hucksters that pollute their airwaves selling their books are in a similar situation, with no one stepping up to buy their pitches.
I assure you, today Bob Pisani of the BlowHorn will explain to everyone what "the important thing is."
Same deal as last time ... agree to deal, pocket money, back out of deal. In a couple of months, agree to deal again, pocket money, back out of deal, etc.
It was a misunderstanding we come in peace. Mars Attacks
"Don't run, we are your friends!"
ZH and Tyler did you ever think that in a trading world that HFT algos feed off of data, gun the market on every headline higher...well this Greek machine of headlines have helped goose the market to 11 year highs on the QQQ.... This market only needs two things to go higher and higher headlines and the AAPL money machine...
super bullish
i cant wait to pile into equities
what can go wrong...
There's no one left but sheep to fuck.
Rastadamus, just make sure you pick out the prettiest one in the flock!
That stupid "news" channel keeps pumping the idea that there is "all this money just waiting for a reason to go into equities". If they say it enough times maybe just maybe....
depends- huge outflows but no shortage of momo's.. im surrounded by em.. but i tend to automatically tune-out when i hear "my broker said..."
Do you know what the outflow was last week?
no, i just say things
That stupid "news" channel keeps pumping the idea that there is "all this money just waiting for a reason to go into equities". If they say it enough times maybe just maybe....
In the future, the stock market will be independent from the economy, and thus fundamentals.
When the HFT machine takes over, the level of playing field will be completely different from today.
Almost none of what we practice today such as fundamental analysis and technical analysis will work.
A good example of how HFT is taking over is that volume is no longer significant in identifying whether a rally is sustainable or otherwise.
Even without much volume, the market can still rise to a new high as movements will be driven by HFTs.
Another example is that master traders of decades old are increasingly making wrong calls.
Previously successful hedge fund managers that continue to use past methods are no longer successful now and even tumble into bankruptcy.
Human traders of the older generation will die out or quit the market completely.
Only the next generation of human traders will make it, provided they have what it takes.
This message is brought to you by a hyper computer program named DORKY.
OH MY FUCKING GOD!
I have to go buy some Sears common equity and some citi RIGHT FUCKING NOW.
The futures are CONFIRMING it with a huge jerk upward!
I've NEVER seen this before!! An opportunity of a lifetime and a chicken in EVERY pot!
"Check's in the mail"
What a great way to seal the deal with that type of promise
VISA up $4, AAPL up $3, yet another Stock Market Mania unfolding.
Rick Santelli's veins are popping out of his head with disbelief.
Troll of trolls
I tip my plumed hat to you sir
I probably shouldn't mention my Steve Liesman for Pope campaign at this critical juncture.........yeah.......nevermind.
S&P futures flat [the new up]
VIX futures up .8%
"Shooting Star" formation on the hourly chart of the Euro/USD...and falling below 1.325.
It would be an interesting exercise to calculate how many net points the SPX has advanced on news of a Greek 'solution' since that country's debt problems first entered the consciousness of the investing/speculating classes. With Italy, Spain, Portugal and Ireland (again) on deck for their own 'solutions' it's easy to see markets at all time highs by year end (sarc off).
Market reminds me of 1995 - 1996.
Straight up boner run with no selloffs whatsoever.
http://www.wallstreetbear.com/board/view.php?topic=94394&post=342564
VIX futures capitulated on Friday, fake NFP day...at 17.92. This morning, they are rising at 19.22
I love fake numbers!
Volitility, like incest, is the game the whole family can play.
SOL (Shrieks of Laughter)
Of course Mr. Papademos may now have a large crowd waiting to er........ talk to him about selling them out. They may be a little less than charitable.
Stay tuned.
Look at those jobless claims drop...what a wonderful world......
Whaaaat?! 3 hours ago it was reported that the talks had been stalled! Is this a new Olympic game the Greeks have invented, something like Economics Cycling XTREME version? LOL
Its called multiple penetratons...this is an X movie!
It seems like everytime I see long term debt predictions from a governmen they all say that in a few years there will be 5% stable economic growth.
Straight up with no selloffs Robot. Did you mention 0 volume?
Tyler, Simon Johnson just gave an excellent interview on Europe with Betty Lou on Bloomberg. I thought it was you they had on the screen. Might want to check it out for us.
Britain's BBC is reporting otherwise......
http://www.bbc.co.uk/news/world-europe-16962960
Correct- no agreement on pensions. Pensions will be a slight sticking point with Unions that are controlled by the murky Greek underworld. Good luck with that Mr. Papademos. If he does then the cut off head he wakes up to in the morning may be his own.
Ohhh, Sunshine and Lolliepops in 2013.
How many times can the market rehypothicate the same feel good rumor?
ZZZZZZZZZZZZZZZZZZZZZZZZZZZZZZZZZZZZZZZZZZZZZZZZZZZZZZZZZZZZZZZZZZZZZZZZ
Every time they announce a deal with Greece, you drink. It's a great game!
Except for the awful hangover the day after...
How can it be a done deal if Germany is planning this vote?
http://www.zerohedge.com/news/germany-vote-greek-bailout-next-week
you folks really have no understadning of how the system works. just like the hft's had to run the market up beyond the top of the down trend, so they could justify ramping up, same with the euro. the central bankers who control the markets know the trned lines, they will do and say anything to keep the party going. these things are forgone conclusions. the same way the bernake will print to make sure that the maarket eventually reach over the high of the crisis becaquase then we aren't in a bear market bounce. regardless of the value of the market is actually less because the unit of currency has been destroyed.
There seems to be so little analysis of how these central bankers work or their thought process on this site it is outstanding
I mean how many hft drive stick saves do you need to see as something is breaking trend to realize it is ramp phase. when two months ago it was an hft sell signal.
Greece will get more money which it won't pay back in return for concessions it won't implement and growth targets it cannot possibly meet, making the problem larger than it already was. What's not to like? Sounds positively bullish.