Goodbye 9 Handle: BTP Collapses To 89.5, Down 4.3% On The Day; Next: Bidless?

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Tue, 11/01/2011 - 08:58 | 1831421 Sequitur
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And right now on CNBC: MF Global NOT in compliance with customer segregation requirements, according to CME Group. Customers = fucked.

Assholes like ex-Goldman CEO Corzine is everything that is wrong with these bullshit markets.

Tue, 11/01/2011 - 09:00 | 1831474 paarsons
paarsons's picture

But we all know the score.

We're in the next Great Depression.  Stocks will go up and down till the next World War.

Times change but people don't.

My advice?  If you're a young man, don't join the army.

Being poor sucks.  But it's better than being dead.

Tue, 11/01/2011 - 09:08 | 1831571 kridkrid
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In fact, if you are a young man, look into becoming a priest or a paster of some church somewhere that offers such a thing over the interwebz.  Not a joke.

Tue, 11/01/2011 - 09:25 | 1831728 Miss Expectations
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Don't get your High School or Equivalency Diploma.  Not a joke.

Tue, 11/01/2011 - 09:29 | 1831762 RichyRoo
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most people can survive shooting off a little toe, do it near a hospital, but wait till the last minute :)

Tue, 11/01/2011 - 09:05 | 1831536 Ted K
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I was going to give you your 9th + for comment, then I realized, you were watching CNBC.

Tue, 11/01/2011 - 09:10 | 1831590 Snidley Whipsnae
Snidley Whipsnae's picture

"I was going to give you your 9th + for comment, then I realized, you were watching CNBC."


I gave em a +.......... an occasional report read here is far better that all of us being subjected to the CNBC bs spin machine every day, eh?

Tue, 11/01/2011 - 09:09 | 1831588 rosex229
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so italian yields are blowing up, and greece is slatted to hold a referendum. there isn't much world leaders can do at this moment since the referendum will make the next 8 billion euro aid tranche useless... although they'll give it to them anyway. also concerning the g20 summit, which is really a fundraising drive for the efsf, whose going to want to throw billions into a fund thats main investments are a country contemplating hard default, and soon to be imploding italian bond market. the italian bond market is the 2nd largest on earth,  the efsf hasn't actually been leveraged yet, and at this point cant possibly raise the sums of money they'd like to from foreign investors. looks like they're stuck with whats left of the recently approved uly 21st amount in the efsf, which is no where near enough for italy. whats worse, if they use those funds before they leverage the efsf they'll only have a few dozen euros left to leverage... uh oh

Tue, 11/01/2011 - 09:50 | 1831920 criticaster
criticaster's picture

Quite right. How can anyone seriously believe that people are going to invest in the EFSF against this backdrop. This whole thing is screwed on so many levels.

Tue, 11/01/2011 - 09:50 | 1831922 criticaster
criticaster's picture

Quite right. How can anyone seriously believe that people are going to invest in the EFSF against this backdrop. This whole thing is screwed on so many levels.

Tue, 11/01/2011 - 09:12 | 1831617 Mike2756
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Adding fuel to the fire today. The Bernank just needs to step back and let it play out, he's not going to stop it.

Tue, 11/01/2011 - 09:24 | 1831719 sunnydays
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Research on MF Global - including them saying they don't comingal clients money.  Cramer is on CNBC defending Corzine tremendously! 

They advised the G20 and invested Chinese governments money.  Ranked number one on Comex, MF Global was huge.

Tue, 11/01/2011 - 09:31 | 1831774 disabledvet
disabledvet's picture

he'd better start talkin'.

Tue, 11/01/2011 - 10:37 | 1832174 mirac
mirac's picture

roll out the Guillotine...

Tue, 11/01/2011 - 08:54 | 1831423 achmachat
achmachat's picture

tuesday, bloody tuesday....


edit: then again... we knew things are broken. We were just waiting for the moment somebody tells the emperor he's in his undies...

Tue, 11/01/2011 - 08:56 | 1831457 CClarity
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They call it Day of the Dead for a reason - Dia del Muerto, Dan Mrtva, etc . . . Wonder if the Italians and Greeks "celebrate" it.

Watch the long end Treasuries and FX for the big votes, PMs for liquidations.  Even nat gas giving signals.

Tue, 11/01/2011 - 09:01 | 1831492 Ghordius
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"Wonder if the Italians and Greeks "celebrate" it"

Yes, nobody in the office in Italy. Hence no italian market.

Tue, 11/01/2011 - 09:09 | 1831584 srsly-wtf
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From now on everyone wears their underwear on the outside to preserve our precious bodily fluids!!

Tue, 11/01/2011 - 09:09 | 1831586 Joeprimo55
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November 1st - Another Paradody of the day

"The Day the Euro Died"


Tue, 11/01/2011 - 08:53 | 1831427 littleguy
littleguy's picture

brace brace brace... forget it eject eject eject

Tue, 11/01/2011 - 09:08 | 1831573 Yamaha
Yamaha's picture

Don't eject - buy FUE! Stands for F you Europe....

Tue, 11/01/2011 - 09:12 | 1831613 nonclaim
nonclaim's picture

I like this one (1m5s), very calm "oh shit":

Tue, 11/01/2011 - 08:53 | 1831428 1835jackson
1835jackson's picture

Wow....shite is now hitting the fan.

Tue, 11/01/2011 - 08:53 | 1831436 littleguy
littleguy's picture

Not even a proverbial fan. The ACTUAL fan.

Tue, 11/01/2011 - 09:03 | 1831515 LawsofPhysics
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Bullish for fan repair men and my manure piles.

Tue, 11/01/2011 - 08:53 | 1831429 cossack55
cossack55's picture

Cue Hugh Hendry.

Tue, 11/01/2011 - 08:56 | 1831458 sagerxx
sagerxx's picture

"I suggest you Hendry."

Tue, 11/01/2011 - 08:53 | 1831433 lizzy36
lizzy36's picture

Ben is firing up the printing presses.

QE3,4 and 5 to be announced concurrently.


Tue, 11/01/2011 - 08:54 | 1831442 cossack55
cossack55's picture

WW3. Cool. Who is playing for which team?

Tue, 11/01/2011 - 08:59 | 1831479 HelluvaEngineer
HelluvaEngineer's picture

I call dirt farmer!

Tue, 11/01/2011 - 09:04 | 1831527 Note to self
Note to self's picture

I'm long dirt myself!

Tue, 11/01/2011 - 09:02 | 1831498 i-dog
i-dog's picture

I'm transitorily busy ... can someone take my place? Thanks.

Tue, 11/01/2011 - 09:03 | 1831517 DormRoom
DormRoom's picture

team OWS.

Tue, 11/01/2011 - 09:17 | 1831655 kridkrid
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The bankers will decide for us.  It will then be up to the "intelligence" agencies to tell us what the ism is that we are at war with.  It will then be up to the media inflate said villains.  Our job is to get really scared and very patriotic.

Tue, 11/01/2011 - 09:38 | 1831816 daily bread
daily bread's picture

also ... vote for the next puppet POTUS

Tue, 11/01/2011 - 09:11 | 1831602 srsly-wtf
srsly-wtf's picture

Very bullish for ink and paper....

Tue, 11/01/2011 - 09:14 | 1831632 ElvisDog
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QE3,4 and 5 to be announced concurrently

Really? And the money goes to Europe? Because that's where it's needed at the moment. Italy will need at least $1T to fill the sinkhole that is opening up below it. You think Ben Bernanke, and by extension Barack Obama, is going to go forward with a $1T loan/gift to Italy 12 months before the elections? I think not.

Tue, 11/01/2011 - 09:23 | 1831699 kridkrid
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This doesn't have anything to do with Barack Obama.  The central bank will do what it wants to do.  If it wants TSTHTF now, it will use "politics" as cover to not move forward with QE3, 4, 5, etc... Our political system is designed to keep 300 million people in the dark over who has real power.

Tue, 11/01/2011 - 09:59 | 1831970 ElvisDog
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Whether it really does or doesn't is irrelevant because it's perceptions that matter. During the debt ceiling standoff, the Republican/Tea Party claim was that Obama and the Dems were irresponsible with government spending and the deficit. Now fast forward to the present and Bernanke is goign to funnel hundreds of billions of dollars overseas at a time of massive deficits, high unemployment, and reductions in government services? How do you think that is going to play out domestically? Obama will have to take a stand for or against this new bailout because he is the President and because he nominated Bernanke for another term as Fed chief.

Tue, 11/01/2011 - 11:20 | 1832406 kridkrid
kridkrid's picture

My point on politics being the way to keep 300 million people in the dark... everything you paint there is the theatrics around which levers are created to pull when needed.  I tend to lose a lot of people when I go here... because, quite rightfully, anything can be painted in to fit the conspriratorial landscape.  And to be sure, I don't believe everything is closely choreographed.  For example, I don't know that I believe the Tea Party was 100% created to be the tool of the banker's austerity movement... but somewhere along the line it became that.  The Tea Party has been corraled to the point where it can be used. 

At the end of the day, if they ask Obama to take a stand for the new bailout and for QE3, 4 and 5, Obama will do the job asked of him.  Just like the dove-ish candidate has become an uber-hawk president.

Tue, 11/01/2011 - 08:58 | 1831435 Zola
Zola's picture

The emissary from Barrosso came and he was thrown into the well ... 

Tue, 11/01/2011 - 08:54 | 1831438 Yellowhoard
Yellowhoard's picture

It's OK Greece is going to bail them out.

Tue, 11/01/2011 - 08:54 | 1831439 ghengis86
ghengis86's picture

In before rule 48

Tue, 11/01/2011 - 08:54 | 1831440 Irish66
Irish66's picture

All souls day or all saints day

Tue, 11/01/2011 - 09:06 | 1831550 Rockfish
Rockfish's picture

All Saints Day

Tue, 11/01/2011 - 08:54 | 1831443 lizzy36
lizzy36's picture

You know who doesn't have a halloween hangover: KYLE BASS

Tue, 11/01/2011 - 08:54 | 1831444 Note to self
Note to self's picture

Money - Its a gas

Grab that cash with both hands 

and make a stash

Tue, 11/01/2011 - 09:04 | 1831532 snowball777
snowball777's picture

Money so they say
Is the root of all evil to-day

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