Greek Referendum Is On
Contrary to rumors that the entire referendum will be called off, and be replaced with elections instead, it appears that it won't be, and instead, per the BBC, will progress based on G-Pap's fatal assumption that the public will actually vote for the bailout, the loss of sovereignty, and perpetual austerity. Via Bloomberg:
- Papandreou Adviser Sees Greek Public Backing Bailout Plan: BBC
and it's official:
- GREEK GOVERNMENT SPOKESMAN TOLKAS SAYS REFERENDUM TO GO AHEAD
Good luck.
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Until it's off.
G-pap going to get banged up bad by the pro-Euro posse in Cannes tommorrow: Germany's Merkel, France's Sarkozy, ECB's Draghi, IMF's Largarde will meet tomorrow in Cannes at 1800 CET
- Greek PM will join at 2100 CET
And right now stocks are shitting the bed, getting ready for tomorrow's stick save that will squeeze shorts for the 187th time since March 2009.
We need to compare notes. I count only 186.
Oh wait, I missed this one. You're right...187.
Your math is getting as bad as the Germans and the Irish except theirs are always positive corrections !
FUCKING A - had to share this dipshit...explains why gold is no good and stock market ready for mega bull...oyveeee!!!
http://finance.yahoo.com/blogs/breakout/bull-market-taking-pause-don-hays-123632436.html
http://blogs.marketwatch.com/thetell/2011/11/01/the-magic-number-for-the...
Not looking good for the S&P for November. Not good at all.
Of course the Greek Referendum Is On /Off /On.
MF Global was going to privately finance the Geek debt.
Back to buy the rumor, sell the news again.
Now we just have to convince the Greek people to vote the same way as Iceland.
Screw the bankster bitches.
Was Iceland a Target for Economic Hit Men?
As if there aren't a room full of Euro spooks working hard to rig the vote now.
Come on folks. This is a rigged game.
Yes the Greek people want to shove this up the ass of the Germans.
No, no one will ever know about it.
Iceland isn't a nation of crooks sucking the government teet.
Good luck to Greeks when their currency is worthless and they're trying to collect on their socialist entitlements!
At the end of the day, their currency won't even allow them to pay for the gas to drive to work.
Socialist former Yugoslavia was able to deal with this issue because as part of the former USSR, they were supplied by the Russians with fuel no matter what the currency was worth.
Greece doesn't have that "luxury". If they vote against the package, they're on their own. Period.
Do you really understand what that means for a former industrial nation gone bankrupt with liabilities up the ying yang and a worthless currency?
Hanging CHADS will confuse the issue no doubt
G-pap holds all the cards. He essentially holds the nuclear option in his hand. It's why Merkozy will be begging for mecry tomorrow. Remember, everyone has a price.
Yep...Maybe G-pap is holding out for 100% haircut. Get rid of our debt or the EU and euro dies...politically a smart manuever.
A fresh greenie vote for you.
THEY WILL NEVER ALLOW A VOTE. TPTB will never let the fate of the free world rest in the hands of some over-entitled Greeks. Too much at stake...
Should I sell my shares of Grecian Formula???
I've gone long diners.
Democratic Votes by Greek people with paper ballots are so OLD SCHOOL. I have some better ideas:
--> DIEBOLD voting machines.!! They are very modern, easy to program, easier to count! Just pick the result you want and JUST LIKE MAGIC...DONE!
--> How about asking the U.S. Supreme Court to vote? They are very Wise, we know that. (That's why they are there!!!) Instead of 9 million crazy Greeks voting, just leave it up to 9 old people in Black Robes. Much faster, cleaner and slicker!!! Besides all 9 of them will fit in a clown car!
--> Before we do all of this, we should set up an ETF so we can bet on the outcome, or a SIV so we can leverage the results to out favour.
LET'S BE MODERN ABOUT THIS!
It'll be easy for them to win the referendum - don't forget:
It's not who votes that counts; it's who counts the votes...
Then who burns down the building the votes were counted in!
Just ask Kirov. He can tell you about rigged elections. Oh, wait, you can't. Stalin had him killed for getting too many votes. Here we are 77 years later and how little the world has changed.
Boy ... I can't wait to see the referendum ads come out for this.
I guess that means buy stock in Greek ad agencies
...sad but true Pool Shark...but since the referendum is on, I am going to hope for a true count!!!
Komrade Stalin is that you??
Have been thinking the same thing ever since referendum was announced. Question is - if you fake the results with greece already at the boiling point would it matter?
If G-Pap sees the referendum polling at 30% and tries to cancel, Greece is done. The backlash will be ungodly.
There was never a solution to the Greek problem, that's why Europe never "got it."
If I didn't like to pretend, I would officially announce that this seems to be a staging ground of numerous dog turds.
Perhaps a circle jerk with whole global neighborhood.
A bad TV season of american idol.
Or maybe a defective board game of CLue. (to be remamed clueless)
No referendum/election will be held until the results are known!
HAH! and who counts the ballots? I'm guessing G-Pap and his socialist scum party.
Sweet, a simple on/off switch for the corresponding market melt down/up.
Awww, my friend we are only at the beginning of the race. The camals are all getting lined up and the bets are being laid. We will soon see the shakeout.
Furthermore, besides my doublepost, Why is CNBC running this story so hard into the close?
Perhaps they have had enough (the eurofriends) with Greece?
So lets just say that it isn't going to be called off. All that will happen is there will be unrest in Greece, they will exit the Euro and leaders will print money to save Italy. The question becomes, how much and when.
So lets just say that it isn't going to be called off. All that will happen is there will be unrest in Greece, they will exit the Euro and leaders will print money to save Italy. The question becomes, how much and when.
On that very day of that ominous Referendum Greece needed to be isolated economically in order to shield the rest of the union from a possible NO. If the Greek say NO Greece must leave, but not because its the economically most viabble solution but because it would be nigh impossible to explain to anybody that a NO TO REFORMS AND AUSTERITY should merit further aid. Checkmate!
I think this government won't survive the next confidence vote.
what is the date
Is the middle of next week too late ?
What? You can't have market crushing headlines the last 30 minutes of trading. Only happy rally inducing vapor headlines are allowed.
....ha said as he watched the red on the screen deepen...
It looks like the market IS melting right back down. Good for the market.
I was watching QQQ this afternoon on Yahoo. At exactly 1:30 the thing went apeshit. I knew something was funny. I figured I would wait a while and then check out ZH. I read a few articles, surfed around a little and then went back over to ZH. Sure as shit, there was a rumor about no Greek referendum that caused the sudden rise, like a 90 year old taking half a bottle of Viagra.
It is really a sick system. The fact that we even have to debate whether Corzine will go to prison is ridiculous. All of the shitheads that bought into Obama's bullshit should be looking at this and realize what a fraud he is. Don't get me wrong. The Republicans suck, too, but Obama is the most blatant of the hypocrites so he deserves special mention.
If I gave you a few billion and the exact timing on when these announcements would be made, could you make us rich?
G-Pap is the real honey badger. He doesn't give a shit.
As a recovering FAZ owner, it's nice to know that those happy vapors will not ruin my day today.
Tomorrow S&P sub-1200 if this is true.
Until the next rumor of bailout by ________________ (fill in the blank). It could be the IMF, The Fed, The ECB, China, Little Sisters of the Poor and Meek.
I don't remember this many rumors going around in junior high. At least in junior high you could get a handjob from some impressionable young girl. You might even get to feel her up. This market is far less pleasing.
i think g-pap is going to have a change of heart at last minute, negotiate some back up finding from china, and tell the people to vote against...and get re-elected
Wax on, wax off.
Send in the Jackals.
Harvest time cometh.
Insiders LOVE harvest time.
It was rumored to be AM Rothschild's favorite time of the year ("Oh the most wonderful time of the year").
I recommend reading Paul Krugman's latest books:
-or-
I just bought those for my Kindle.
That's strange. I bought them for kindling.
Interview - Confessions of an Economic Hit Man
Don't worry about that, just buy amzn, you'll be fine.
You've got to figure an insider like GPap, to go this way all alone, knows the potential ramifications: both personally (assisination) and politically (loss of his PASOK majority and position). There is something more going on here. Do sociopaths all of a sudden get a conscience? Saul to Paul? No, more likely does not want to be remembered as a traitor and wants to spread the blame like that Kew Gardens murder we all learn in psychology 101.
Oh and as soon as you printed this, markets tanked. I love ZH.
still would the greek people reeeaally want it? if so, everything was for nothing.
Sheeple are and will always be sheeple, that is where we come in. We know the Greek people are against this specific bailout, our job is to teach them that giving in to the EU in any way will continue this into the future. Same stuff different year. We need to teach them that independent auditors found over 90% of Iceland's debt was from the bank and derivatives, not from them "living beyond their means." Now, 3 years later, their debt is back to investment grade. The greedy hedge fund manager have a short memory when they can make an even quicker buck.
In that vein, ZH / Tylers, can we get a Greek translator in here (Greeks do not speak as much English as a second language as their Northern European "benevolent" bailouters)? We need to get your crucial information and any research ZHers do about who really owes the "Greek" debt onto every Greek language board and make it go viral to voters on the Pelepponesis (sp?).
Great idea for ZH to have links translating their articles about the referendum into Greek.
They keep trying to rally this pig. Looks like Robo is out of luck today.
roboplunge team is doing some heavy lifting today.
the markets have ten minutes to comply.
I am sure Robo zigged and zagged in and out of all the momo stocks today like an Olympic slalom skier. He is now partying with a plate full of blow and a lap full of hookers on Sunset Boulevard.
+1
RoboMomoRearViewMirrorPaperTrader&Fader has timed the millions of tops and bottoms perfectly, whether intrasecond, intraminute,intrahour, intraday, intramonth, intrayear, intradecade or intracentury, and in fact, is a singular, perfect track record endowed, HFT-AlgoBot-CarbonLifeForm hybrid variant.
<golf clap>
Greece to markets:
TEOTWAWKI
ARGLEBARGLE
DERP
Place your bets accordingly.
Very strategic by G-Pap, now we will here rumors that they will pass the referendum and all is normal!! The CAT , I mean Italian Bonds, is out the BAG!! Game on!!
Wait - Wait - rumor of a nursing home womens investing group steping to bail out the euro zone now...markets should react shortly
That seems fitting since stocks are drooping like an old lady's tits right now.
Reset the Motherfucker. I beg you Greek people.
and....... there goes equities
Wow, they got their gags off and managed to get that out before the market closes!
Does the G-Pap actually think they will pass this? Or is he just using this as a convenient 'out' so he can say "I couldn't just pass it without a vote, and they said no, so what do you want me to do?"
I have a really hard time thinking that he actually thinks it will pass. Unless the fix is in.
Everyone know it will not pass. It just sets the stage for him to say we must default and leave the Euro. It is just a cya game now. He now puts the defaut on the sholders of the people . If they complain he can say they voted against it.
That's kinid of what I thought. Good.
I don't know that it won't pass. It will likely be phrased as -- Do you want to stay in the euro or go back to the drachma? They could use a lot of scare tactics about the drachma, and people will vote to maintain the status quo.
Get ready, here comes the banker bullshit bible:
Quantitative easing: printing
Accommodative policy: printing
Open market operations: printing
Stimulus: printing
Measures: printing
one important clarification....
Golden shower: not printing and different than BB helicopter w/ cash...please don't get confused but bankers love this one
The banker bible? That's it? 1 quarter page? I thought stealing and fraud might be embolded somewhere.
Bitchezz don't even respect their own bible. That's crazy....
It's an idea of Central Banks, dont be afraid, if they have decided to tell Papandreu go for a referendum it must be good for economy, so very soon, with the same news, stocks will arrive to the sky...because merkozy is going to meeting again and again and again , and bernanke is going to promise "all necessary" to keep SP above 1100... don't worry, the printer machine is working fine, just one or two more bad news and lets go UP UP UP again....
MODERN ECONOMY IS FINE, ONLY CENTRAL BANKS PRINTING IS ENOUGH TO KEEP QUIET EVERYBODY, WITH CHINA AND JAPAN AND BRICS READY TO HELP JUST IN CASE. PEOPLE UNEPLOYED...WELL, THIS IS NOT TO BAD IF THERE IS PEOPLE RICH SPENDING MONEY. THIS IS CALLED THE NEW MODERN COMUNISM IS REPLACING CAPITALIST SYSTEM, WITH THE SAME PRINCIPLE, MONEY IS GOD AND CENTRAL BANKS ARE ANGELS.
AMEN.
HAHAHAHAHAHAH!
Looking With Amazement, wrong again!
Democratic Jiu-jitsu, or advanced Greek negotiating techniques. If they make it until the referendum, the deal is guaranteed to get even better than it is now.
Let the Re-Tankage begin. Bye bye S&P 1200.
Also, is Corzine still not getting pounded in the ass yet? JAIL NOW PLEASE.
Everything is OK, Benny is manning the helicopter and taking it across the Atlantic tonight.
Deibold Machines to Greece, STAT.
I think it will be very difficult to vote in Greece, you will have to dodge the tanks and the snipers to get to the voting booth, it will pass.
I am enjoying this: the black hole vortex of Greece is self-destructing, and will stop sucking attention, resources and money.
Greece will vote against the deal and will get (kicked) out of Euro. That will open the gates for Northern block to escape Euro as well. When that movement becames apparent, I trust the whole Euro will break up to 17 national currencies at 1:1 exchange rates.
Sanity is worth a few % of losses.
Dont be surprised out how stupid the average voter is. Look who is president of the United States. One of the countries in Europe voted to stay in the Union. Look at who is president of France or Britain. There is no limit to the stupidity of the average voter.
the person to create the last rumour of the day wins look for these stories to come out closer and closer to the bell
New rumor: S&P downgrade of France after the close.
time to bring out the deer?
GAME ON
And by the way:
That sound you're hearing is the market augering in like a P-51 at the Reno Air Races...
[closing at LOD]