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Tyler Durden for President 2012.
Vote on the green button if you agree.. also spread the word.
Not because he doesn't qualify, I don't think he is interested.
From Ambrose Evans-Pritchard today:
Marchel Alexandrovich from Jefferies Fixed Income said Germany risks opening a "Pandora's Box" by unpicking the Greek deal.
"It would be a complete disaster, a signal that sovereign debt is not safe. Investors would pull their deposits out of Portugal, Ireland, Spain and Italy and set off bank runs across Europe," he said. "The French are against doing this and so is the European Central Bank. They know banks need more time to adjust. We don't think Europe will pull the trigger."
REALLY? You don't think? You pissant fucking asshole, that is EXACTLY what these jerkoff Euro banks NEED right now! Pull the damn trigger and let these obnoxious banksters flush themselves down the toilet to HELL!
"We think Europe is going to struggle to escape market pessimism until we see the emergence of a lender-of-last resort, whether a much larger commitment from the ECB to buy bonds [ideally QE] or a significantly revamped EFSF," said Graham Secker from Morgan Stanley.
REALLY? YOU THINK, BITCH??
Critics say Germany is making a policy blunder by treating the crisis as a Greek morality tale, losing sight of EMU's deeper structural woes. Portugal is as vulnerable as Greece, with higher levels of combined private and public debt and an equally large trade deficit. Spain is still in the early phase of its housing bust. Italy has lost 40pc in unit labour competitiveness against Germany since 1995.
Pulling the plug on Greece risks bringing a much bigger crisis to a head all too quickly.
Not Quickly Enough . . .Pull down the curtain on this shoddy mess NOW!
Thanks for posting this timely article. I run a hedge fund in San Francisco that is short a number of EU money center banks and brokers and getting a handle on the continuous news flow is a challenge. I'd missed this one tonight.
Columbus day 2008 - world drunk on salvation - Dow up 936 points (after 8 straight down sessions where it lost over 20%).
Two days later, world wakes up with a major hangover, next to the ugly truth - Dow down 733 points.
October 12, 2011 - Black Wednesday!
Stay strong, stay short.
No problem. We all need a little help now and then. I am a purveyer of lubruvious cocktails to the filthy, dripping rich, and we have put all our assets into diamonds which are now in transit to our secret vaults in the Grand Tetons of Wyoming. Thankfully Zerohedge helped me with some much needed timely information on the alchemy of rare metals which changed my investment strategy to non-confiscatable commodities like Faberge eggs and large carat fine diamonds.
He is not interested till he is interested.. thats what I am trying to get him to agree to.
That would just about make him the perfect president.
Or perhaps because you can't vote for a Tyler(s) Durden.
Only real people, not fictitiuos characters, can run for President of the USA (current President, possibly excepted).
BUT BUT WHAT ABOUT A FIGMENT OF A FICTITIOUS CHARACTER'S IMAGINATION?
If Tyler did run and win, though, we'd finally have a Prez whose multiple personality disorder was even more pronounced than Nixon's.
Running this blog makes him only slightly more qualified than Obama was in 2008. At least Tyler has held at least one real private sector job in his life.
i want to see a birth certificate of this guy called tyler durden............
rumor has it that the original may be of russian birth. in some ways he is more valuable in his current role. plus ron paul already has the t-shirts printed, etc. and he's clearly over 35.
The clue to the ultimate solution was "Yardeni," as Ed Yardeni is now in the bear camp; thus, persona non-grata on the chronically sanguine "business" network, CNBC. Ergo, it had to be a few years ago...
lmfao ! i made the same damn charts tonight, the 2008 comparison to now. Expect a gap and crap tomorrow morning and selloff into Thursday Morning.
All is well, move along. 2008 just called and wanted its money back
because his post last monday was just as accurate...not
Summation Index turned back up.
And many indexes look like they could blow right through the heavy congestion area, just like WFC did today.
No buy signal yet from IBD, they say market is still in correction.
and many indexes look like they can reverse faster than you can blink and crash hard...but you failed to take that into account didn't you. No, wait, you didn't...you just "choose" not to share that part. idiot.
But slow stochastics on the SI is still bearish.......
You actually read IBD. I pick it up and look at the trend indicated and put it back in the rack. What a waste chase paper.
Oh, by the way Robo. Three days before the new low on the SPX I kind of rembering them saying, "Market in Confirmed Up Trend.
Now, I know where you get your great material for us. LOL on that thought.
The message is right here.
This time will be different.
It's not insanity, it's retardanity. The corruption is in your face, main stream, and telling us all "F.U.!" This is truly the beginning of the end of life as we know it.
So if this is true then what do you suggest we do other than type words on the internet?
Well Vic, I have been reading here for years, so am prepared. With that, if you don't know by now...good luck.
Silver, MRE's, ammo.
No offense to you personally, but I will stick with my Starbucks card and iPhone.
au and srs
Someone clicking on a red arrow on the internet suggests we should "stick it to the man" as internet commenters?
holy taco, batman!
i answered your post b4 you put up the kink, vic!
what duz "lose virginity" mean?
test your knowledge? L0L!!!
the answer is: maybe, BiCheZ!
Rally has melted up too soon and too fast, it's coming down...oh Aloca? With Copper and indust metals still crunched. Gonna be crap results. The market opened up a hole and sucked a lot of suckers in. Major sell due end week.
Somthing will go haywire in Europe again, those messy Europeans.
and I repeat, "...those messy Europeans."
and as I recall in late 2007, Finerman's soumate pulled his IPO only to do it again last year - it's a flat story
and the markets will rally and the PMs also, so e=whats the fucking problem with that?
I just ate my iPad.
Can we see the video of that, WallStreetPro2?
I just ate my iPad.
That shit is going to be pretty fucking odd.
Market aint coming back... Can will just be kicked more and more and more
Merkel and Sarcozy met again yesterday and announced that they will save Europe (and thus the world) again on Nov. 3rd.
I for one feel much better since I just assumed we were all going down the financial rat hole!
They did however also say "it was too early to announce any details" of the plan. Of course "it's too early" because there IS no plan!
There is no plan because there can't be. There can't be because just as in the U.S., it is mathematically impossible to pay off the existing bad debts by creating more debt to "fix old debt". This can and will only make things worse. Unless the bad debts, busted banks and insolvent sovereigns are allowed to fail AND be liquidated, reorganized and buried, the bad debts only get "re shuffled" (hidden for a while) on to someone else's balance sheet. They never go away...until it ALL goes away.
This "someone else" in case you were wondering is the ECB and the Fed. These two entities will be the last men standing and act as lender of last resort for everything!
Yes, they (maybe only the Fed since the Eurozone stands a high probability of fracturing) will have the burden of lending to every company, every bank, every investment bank and insurance company AND every central bank and sovereign nation on the planet!
They will be forced to do this to keep the system running maybe only one more day. The end game is really looking like the greatest collapse into a hyperinflationary deflation. Let's call it a hyperindeflation.
When all is said and done, paper money won't buy anything and whatever you sell will not raise much in the way of Gold. (In case you were wondering I just recommended to buy Gold)
By the way, lest I forget Dexia, Europe's 2nd strongest bank according to the recent "stress tests" was nationalized over the weekend. Yep, that's right, the 2nd strongest bank and it is estimated that it may cost as much as a quarter of the value of "the fund to save the world", the EFSF.
Two other pissant banks went under and I am too lazy to look up who they were because it doesn't matter. It doesn't matter because the Dow Jones is UP 300 points and the bank stocks are very firm.
You just HAD to see this one coming. Europe announces (well not really) that they have a plan (not really) to save Europe (not really) which will save the world (not really). This not really plan will be implemented on Nov.3rd (not really) and the not really details will be announced (not really) sometime this month. The ONLY thing I really (yes really) understand is that "they" don't have a clue as to what to do.
When nothing works and nothing makes sense, buy some time because someone somwhere might be able to figure out a solution before it all blows up? Not really!
Of course this is all happening while Greece announced widening deficits in the face of austerity and Italy announced that they will raise taxes so they can give money to the ECB so the ECB will buy Italian bonds. Malta and Slovakia are saying that they will veto the EFSF anyway but nobody is listening to them because even "Misqcamicut Rhode Island" could could kick their asses.
Think about this, this is like the "2nd safest" U.S. bank being nationalized over the weekend while a bankrupt Illinois announces a higher deficit and California raises taxes to give to the Fed so that they will have money to buy California bonds. Are you with me?
Then, the Governor of some podunck state says he is going to veto everything the Fed, Treasury and federal government plan to do. THEN and ONLY then do we get a strong global rally in guess what...the banks and financials.
There are not enough drugs or mezcal laced tequila in the world that a fiction writer could consume to come up with anything even close to what has just transpired over the weekend combined with today's market reaction.
Speaking of reactions, I forgot, the (previously pronounced) dead Euro is king today and the Dollar is getting hit nearly as hard as any time throughout this entire 4 year crisis. Unbelieveably Gold is up today even in the face of such negatives as a crashing Dollar, reports of massive public demand at mints around the world and physical shortages appearing in Europe, the Middle East and the U.S.!
doesn't matter about what type of news is out.
If it's time to go up, Europe is okay, economy is not bad, China is not having a debt crisis.
If it goes down, Europe is not okay, economy not so good, China is having a debt crisis too.
The markets are dictated by the ebb and flow of hope and fear. Fear took the DOW down 2000 points and was temporarily exhausted. Hope will carry it back up halfway or a little more, then hope will become exhausted and fear will take over again, this time taking us through the 2009 lows. It's amazing to me that the people who read this website still think the market moves on news. Fear is the prevailing trend, meaning down, but the market won't go straight down, not yet. Not until hope is extinguished will we crash. It's coming, but not just yet.
Hell, I don't know about you- but it's not hope I'm feeling, it's burnout.
People are probably too friggin tired to panic for a bit, and are just taking a breather. No worries, the destruction of western society will contune shortly. In the meantime, we're having a very nice Indian summer up here in Wisconsin.
I think you nailed it, Prometheus, people are burned out on fear for the moment, but as you said, just taking a breather. The market will continue the bounce for a while, but fear will return well-rested, and that's when it gets ugly. My time frame is December, but maybe hope holds out until the New Year. By early spring, the markets will be crashing. That's my scenario. I think we are due for a little rally correction here soon, it won't go straight up, but I don't think I'm good enough to time the smaller moves. I'll just wait for the rally to burn out, and then load up on the puts.
Déjà vu - all over again.
The market is in a pinch.... Banks are failing .. And countires are bankrupt. Germany and Slovakia (lol).. Don't want to play ball anymore. THEY need to play ball to serve the status quo of insanity. The Euro seems to have failed. But the MSM and politicians are pretending that Humpty is still in one piece. The greek one year bonds of 150% this morning set off a few alarms in my mind. (yet more)
The entire world seems to be contracting. But politicians and policy makers want inflation. But the people don't want anymore inflation. ??? Hmmmm........ What a shitfest situation this is. And furthermore...
National debt is at historical highs and the unemplyment rate sucks. So more debt vs less taxes. eeeee... I'm getting a headache.
And let's not discuss the derivative toxic asset problem and the fact that all the USA jobs have been moved to China cause we couldn't compete with their slave labour. Unfunded liabilities in the states 115 trillion...??? Jesus Christ.. What a stupid mess we are in now. It seems as though years of political interference and central banks have really bent us over and plowed us a new one. I wish i was more optimistic here. I love life and wish the best for everyone.. but. this looks ugly. prove me wrong someone.
You wanna spoil the party ????? 'They' are all out to prove you wrong
i have this sneaky feeling that the world is going to be "saved" by the politicians right after i buy puts tomorrow, so maybe i will hold off. on the other hand if occupy wall street infects europe, can they still bail out the banks? if OWS knew what was good for them they would all be on a plane with checkbooks to SLOVAKIA. But, alas, these folks don't have a clue
They may lack a bit of guidance as of now... but. They they are feeling something. Disgust. And an injustice between them and the big corporations and politicians. It starts with a feeling. (thats a gay saying) but, It is true. The USA population has been quiet for the last 10 years. Now they are finally starting to wake up from their taco bell/ dairy Queen coma.
I think this is gonna get stupid.
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