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Here Comes The Mother Of All Rumors: G-20 Sources Say Central Banks Preparing For Coordinated Action
Update 1: and here comes the revision:
- G20 SOURCES SAY CENTRAL BANKS PREPARING FOR COORDINATED ACTION AFTER THE GREEK ELECTIONS IF NEEDED
So... if Syriza wins, and Greece leave the Eurozone, there will be a response? Unpossible.
Update 2:
- EUROZONE MINISTERS TO HOLD CONFERENCE ON SUNDAY TO DISCUSS OUTCOME OF GREEK ELECTIONS
LOL, in other words:
- STUFF MAY OR MAY NOT HAPPEN DEPENDING ON WHAT MAY HAPPEN.
What a joke
* * *
And the mother of all rumors strikes:
- G20 SOURCES SAY CENTRAL BANKS PREPARING FOR COORDINATED ACTION AFTER THE GREEK ELECTIONS
One small problem. Central banks NEVER indicate in advance what they will do. This is merely a desperation attempt to ramp markets into the close, and sucker even more retail into stocks ahead of Sunday. Now we wait for the denial because otherwise some pathetic G-20 leak just made central banks everywhere irrelevant and obsolete: remember what happened to Jamie Dimon when in March he front-ran the Fed...
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Why would'nt they release this at 3pm tomorrow? Why today?
Could be they expect a lot of selling into the close tomorrow because nobody wants to hold over the weekend, so they ramp it up now to set the bar higher for the drop tomorrow
Which means they're going to do nothing? Because if they were, they'd do it Sunday evening as a surprise and cause futures to rip and shorts to be trampled to death.
Friday afternoon in summer means many will be at the Hamptons, so low volume, so easy to levitate. They are worried about today's close, not tomorrow's.
Because you want the casino to keep running 24/7... with all that rumored liquidity to grease the skids, there's little reason one needs to close their FX positions over the weekend, is there???
The market was down over 0.7% yesterday. There has been manufactured rumor the day after every single significant downmove for 2 months now.
There is no market. There is no economy. The party is over.
It's about survival now, and that has nothing to do with guns or gold.
Cant wait till monday when this pig collapses
Why not do this at 3:55 PM? Or Friday at that time?
Good Heavens, man! At least have the decency to wait until the Greek elections are held!
What a joke this market is. "Greece priced in" "market looks 6 months out"
crAAPL not participating....
Desperation, bitchez!
Dude, we're so f*cking high right now.
Smoke and mirrors.
Nice way to squeeze the shorts into covering.
and silver down and gold flat?
Selling the fact right now...
Selling the fact right now...
IMF-DIC
eff me.....can't a short catch a break.
Everybody ,,, PRINT IN UNISON!!!!!!
I would like to say that I consider ZHers as enlightened people (even the dissenters are useful if for nothing more than dsiplaying other perspective) and that ZH is enlightening.
My individual knowldge may or may not match that of other individual members but this entire community's knowledge combined is a useful tool for the inquisitive amongst us.
Nothing like a 3:00 p.m. tape bomb. Reminds me of last spring. That was the "Financial Times", melee though.
Personally, looking at charts. It's short covering/ rebalancing before (triple witching, spx rebalancing) tomorrow. Technical indicators aren't showing a momentum move.
assholes do it every Quad-witching expiration.
This feels just like 2008 with these last minute "heroic" deeds on Sunday evening !
This morning Yahoo financial said the market was up because a " secret poll said the pro bailout parties were going to win . they cant even keep the same bs story going for a whole day . OLD LIE NO GOOD MAKE ANOTHER!!!!
Denial will come at 4:05pm Friday
Was remembering the time that Greenspan screwed the markets with his suprize cut. That was about 10 minutes beforre this afternoons blast off. Time to head to the track?
the muppets on cnbc can barely control themselves. really not looking forward to Maria B creaming herself at the close
You fucked me again. had a nice little SPY put position and then fucking rumors and whipsaw. I can't catch a break on shorting this cluster fuck of a market.
Fully researched down grade of a super power SPY moves $0.14 down, fucking rumor market jumps $1.00 yeah this is a rational market.
The time to pull out is now. Sell your paper assets and anything that isn't nailed down while there are still buyers. Participation in the fraud only provides your approval of the current illegal market and the longer you stay in the more likely it is you will lose big time.
Only my couch pulls out.
We need to get you laid.
Ooops - now the headline is retracted. Sorry to everyone who just got their ES shorts stopped out and margin called. We didnt really mean to do that!
Its going to be the happiest day of my Life when the Dow is at 6000 and Euro is under parity. Fuck these A holes.
So you've perfected the art of the "Double-tap" and have plenty of liquor stored away for the chaos that will accompany Dow 6000 or lower?
Goody gumdrops for you!
fuck
Yay, picked up a couple thousand FAZ at $25.25. Thanks for the free money you fucktard rumor generating ass-monkeys from Uranus.
"White House sources saying any action is premature and will require congressional approval"
lets get ready to get ready!
I love how my 4x ESu2 short gets stopped on some false headlines. Thanks fuckers!
BUNGA BUNGA, anybody?
I love the smell of napalm on Sunday evening..
Just a diversion to try to bury the Spanish bank downgrades coming in 3......2......1.......
Paging William Banzai !!!
One of his students? Cool that WB is going global
Protester photo shopped the faces of Mubarak and Shafik
The Chinese must be rolling over piles of coal/iron-ore, and cheap crude in " Disillusionment", about not! Welcome to the" Wild West" China!
They also say they are going to come up with ideas for growth and jobs. WOW thats brilliant! That will solve EVERYTHING!
That's why they make the big money.
Gonads and strife bitchez.
special macro market outlook report not to be missed IMO
http://humblestudent777.blogspot.com/
Market roadmap provided showing the way to this manic market
Template US bailout script on opex...only thing missing is a bank dividend raise and some ludicrous confidence survey talking about how consumers are just warming up
"Bring in the Sheep", what more can I say.
http://www.youtube.com/watch?v=SO_c5ZeqrA4
Mathematical inevitability.
where do you get the rumors??
from the money tree, where its unique pulp is used specifically to print money rumors? the technical term is the 'pulp fiction rumor mill', and the paper's editor is mr.squid, which by the way is the name of the enterprise... "Squid Paper & Ink" - incorporated 1913
So what happens if Golden Dawn wins and Greece invades Germany ?
Germany will retaliate with a Dirty Sanchez and finish them off with Triple Camel Toe right to the kisser.
Bullshit like this is why hedgefunds are closing at a record pace. All that will be left is Algo shops
who is the source? should they be procecuted for leaks and rumors? isn't that ilegal?
Don't say you haven't been warned
http://www.zerohedge.com/news/here-comes-herd-highly-volatile-trading-co...
Desperate politicians and desperate CBs will do desperate things.
Fuck the whole lot.
If Alan Stamford got 110 years for an $8 billion scam what will Bernacke get??????
http://www.inventoland.net/pics/Switzerland/duce.html
The $8 billion?
....must have been a slip or wishful thinking from Krugman!
So what happened to: where there's smoke there's fire??
Coordinated Action = Capital controls or bank holiday? glad to have fathers day & graduation diversions this weekend. any guesses what the shot keyword will be for Monday??
Monday's Keyword: Unexpected.
Plan on being falling down drunk by 10am.
When the dollar has lost 98% of it value versus Gold since 1971 35/1600= 0.021........
When the DJIA (benchmark for 401ks) is down a full 80% since 2000 vs Gold.......
Gold was $250 and the dow $11300. Now $1600 vs $12500 .........
When capitalism does not bankrupt the excessively greedy and corrupt.......
When the justice system will not bring justice against uber-financial criminals....
When the state and the financial and corporate oligarchy are in bed together.....
When the the ponzi scheme goes unpunished and is the norm.......
When banks and companies and their CEO's etc lose billions......
When CBs are complicit in the set-up jacking(stealing) from the global masses.....
When people are jobless, homeless, fiancially ruined their cost of living skyrockting- the value of the money shit as shit......
When children women and men are starving, people's wives and daughter's being pimped through this Economic World War that we are enduring.....
What is the community of people who are being raped to do? Or better yet what can they do?
Good summary
So this is the new HFT killer app? Sell to the machines on a rumor, denials, and then pick up the peices after the bounce.
Steve Quayle Red Alert....Euro Collapsed
http://www.stevequayle.com/
Steve Quayle... PLEEEEEEEEEEEEEEEEEAAAAAAAAAAASEEEEEEEEEE... the guy is a total whacko who has NEVER EVER been right.
Ramp up?
That ain't a ramp.
That's the North Face of the Eiger the Dow just climbed.
The rumor was faded and now it looks like a giant middle finger.
I think the markets are trying to tell us something.
One thing we definately know for sure is that rumors never get prosecuted under this current administration.
Whatecer they will just come up with some other bs tomorrow im getting tired of this i feel as if it will never end. The dow will never go back down too far
That's the smell of pure desperation.
Game theory will pop the lid on any damage control scheme in less than one trading day.
They will always win we cant ever beat them at their game
Not true. You can beat them if you stop playing their game. Take their synthetic money and exchange it for real money. Their synthetic wealth is crumbling and your gold and silver wealth keep the value.
Those fuckers will sit at the poker table playing amognst themselves if all the other players leave just to fool you back into playing with them again, it will never stop they own the fucking casino, and there will always be new people to get taken
sorry i guess im just sooo tired of this shit, i know that SOMEDAY this has to end but i feel like i am losing faith that it will ever happen in my lifetime thats all
don't feel sorry
taking the money out of the system is like going cold turkey, going off cigs or booze or whatever the addiction may be
it will feel weird for a while and it will cause temporary mental anguish
but you will live longer and happier
staying in the markets will lead to certain financial ruin - one way or another
I'll bet that's what the Romans thought. And every other empire on the ol' ash heap.
What's only reported as a footnote is that Frau Merkel says "Germany can't do it alone and the burdens might get too heavy for Germany".
NIX ESM - NEIN!
Fucktards have no solutions, no plans. Just more and more talk at the expense of millions of lives.
The German ANGRYMETER is going into the hypersphere.
ANYTHING CAN HAPPEN.
I guarantee you the party or politician in Germany who ACTIVELY campaigns AGAINST THE EURO AND THE EU would win in a landslide election next year. The tension is palpable right now and it's only building up for more.
The current elite has lost control. No consensus. No solutions. G20 is a mirage.
Any fom of logic would imply that Germany cannot and should not do Eurobonds. It will be the greatest moral hazard on earth after the FED. Every country will abuse it. It is like me or you having someone else's billion dollar line of credit card.
Therefore as this is not logic and therefore you can bet this will happen.
For those who may not know the US and UK exert dominant force even over industrial powerhouse nations like Germany and China through the capital markets. The levergaed capital markets are gigantic and if they pull the rug on any country thats it.
So its not all free choices. Actually power dicates events.
We made our beds with Shylock, now we have to look for a new bed.
This is true, more then ten years of suffering and donating money, Germany is really fed up with this disgusting robbery. It Is a new generation. Hear me Alex, payback time.
I heard from my friend Pedro who has a friend Jesus (pronounced hay – zuse) that mows Tim Geithners lawn. While Timmy was leaving his house today Jesus overheard him talking on his cell phone that he was meeting with dominatrix for a MAJOR stimulation session. Pedro and I believe that dominatrix is short for Dominique Strauss Kahn, the former IMF director. Pedro immediately tweeted Jim Cramer of CNBS about the news and everything took off from there. I hope this helps explaine why there was a sudden jump in the markets.
Too good!
Mark Faber just tweeted 100% stock market crash 2012-2013 lol
I say 140%!
You cannot gets rides this good at Disney.
Woa, algos mad at everyone's insults, trying again...
just remember people, this is the greeks we are talking about, dont expect them to do the right thing.
This is freaky funny... like a blue light special at Kmart on the first of the month.
This site is great.
THE ECB has clearly stated, they do NOT have the necessary Sovereign collateral, to expand their ballance sheet! Period<>
Nothing has changed! Bond yields are still pathetic!
if Greek leave EU, market will go up??
if Greek stay , Market will go up??
Yes, the "market" will go up. Not because of anything Greece does or does not do.
It will go up because the CB is flooding the pockets of Banksters with free money, so they are buying lots and lots of "stocks". The Banksters hope that this will entice "money on the sidelines" to get antsy and jump into the feeding frenzy.
If that happens, the "market " will go back down briefly while the banksters rake in the profits they made off the money that used to be on the sideline, but is now in their pockets.
At that point the "market" will go back up again.
Why did the BOE leak the news to the banks 45 minutes before the offical announcement? Boy that's weird! Things like that never happen.
Ever. I want some inside info
"Coordinated Action", circle jerk or elephant walk?
The only way the Euro stays up is through manipulation. Are you shitting me Spain's bond yield hit 7%.
Only one bullish story - retail short - the retail means easy pickings.
They want to take you out, take your funds from your leveraged account, and fucking deprive you of making money on a long term good call on direction.
Looks to me like they just wanted a reason to push up and away from the 200 mva.. which worked for now.
What's that loud noise Ben?That's the sound of the monkeys..................working on the printing press!
Anyway the elite are having a hard time.
We dont have much money for them to swindle from us.
It is just not the same betting against eachother
At 1 pm the Dow wa at 12630. So all this BS was for 28 Dow pts? Insane.
I don't get what the excitement is about. The central banks are going to provide liquidity to avoid a currency crisis. This has nothing to do to give Greece more money. This just about market disruptions, pure and simple.
Euro roundtable coordinated action:
UnziP!
Reach to your right!
Go!
Every guy asking to be seated left of Angie.
Not every guy.
Why is this news? I thought the whole point of centralized entities was increased coordination?
"Not news" goes to Fark, not Zero Hedge :)
No chaos. This is all a head fake.
What the hecks the difference what the banksters will do the system is crashing and freezing up at this time. At least todays ramp wasn't the typical flat fine toothed climb behind FED manipulation but instead showed some action. To me that means it has a little health in that even though it ramped it was not a very coordinated effort.
I think they launched this rumor today because they knew Friday was gonna be ugly. Now they have planted the hopium that no matter what the Greeks do the markets will not crash.
Pretty good move by the MoFo's if ya ask me.
We are all guesstimating. Truth is, the story is not about Greece - too small to fail, it is about Spain.
Yeah, tomorrow was going to be fugly. Actually, today was probably going to be the start of it with a heavy fade towards close right as the rumor came out.
TPTB have really painted themselves into a corner this time. Everybody knows that at least 1000 DOW points are based on hope for another round of printing. If the CB's don't deliver, and deleiver soon, then there go the plans for the new $20M house in Aspen...for now...
This is confirmation that they have totally lost control, the rumors are based on fear. This is the end.
All of your haircuts are belong to us.
What good would it do? The US M2 Money Velocity is crashing and I can't believe that further action accomplish any positive results.
http://confoundedinterest.wordpress.com/2012/06/13/feds-operation-twist-...
An announcement about a possible move???? seems desperate.
Though if all ease next week, the bears should prepare for this:
http://www.pokulator.com/img/todd_phillips_gangbang.jpg (safe for work... old school scene of luke wilson answering door.... link title aside)
(he does have bernanke-esque facial hair.)
I post here to try and help people.
I knew shorts were going to get cooked (next week too) and wanted to warn them.
If anybody wants to know how to trade and how I knew about the equity / EURUSD rally, let me know.
Unlike other so called traders I don't charge.
I don't need to.
http://www.zerohedge.com/news/2012-12-24/market-analysis
Ok, I'll bite.
Aside from your crystal ball. Do you have any insight/inside to truly predict anything?
We can all read the headlines and have our own opinions. Biderman seems to think that the market is hugely overpriced. He runs an investment research firm. I presume that several investors are following his advise.
What exactly do you run?
I tld you people all they did was look at the charts, they saw the trned liine going back down, and did you see the response move in 10 minutes, nope the market isn't broken.
so funny I wrote a very long note on this site about what the trend said with the down slope. then as it wzsn't breaking above the down trend, this rumor. I said I could see the plunge protection team and the powers that be doing all they can to prevent a head and shoulders formation. the time tht this came out wit the charts,, and the trend lines really show these central bankers are all about the charts.
I find it funny that so few realize how awful these central bankers are.
Why wouldn't they wait until tomorrow? Today was going fine, things were already green. Must be bullshit because it has had zero impact on PM prices. More silliness out of Europe. I stocked up on popcorn for the weekend's multiple events.
"COORDINATED ACTION." Ok, so capital controls?
The UK newspapers are reporting that a 50 year storm is heading the UK tomorrow and over the weekend with hurricane force winds and 3 months of rain in 3 days.
You know what happened last time that happened in the UK? Well it was the night of Thursday 15 October 1987 and on Friday the London Stock Exchange was closed. The world stockmarket crashed on the Monday. This was the day we now call 'Black Monday'.
Just sayin like.
"See something,Say something"....
G20 Terrorist coordinate actions.......
CB Coordinated Action = conspiracy to commit fraud, enslave sovereign nations through debt, and seize assets at fire sale prices. Even if this is a ploy to draw suckers back into the market, it's surprising to me to see them use the phrase "coordinated action" as it makes explicit the fact that CBs are a cartel.
I think it's ironic, because their own incompetence has resulted in a severe loss of confidence, and so now they double-down. But in their desperation to restore confidence by "working together," they're exposing the fact that they operate as a cartel, and are really not answerable to anyone, certainly not the people.
Sums it up.
Stupid idiots. They must all be on cocaine.
Primary Dealers never had a liquidity problem, they are not craving for liquidity.
WHAT THEY ARE CRAVING ABOUT IS SUCKERS.
No more SUCKA. They are retiring and need medical care. No more stock market gambling.
This just in, Bernacke and plunge Protection Team to guarantee 10% stock market gains until at least 2014. PPT stands ready to step in whenever S&P 500 falls more than 1% or whenever individual investors by put protection. Action will take the form of outlandish market rumors disseminated to CNBC's Bob Pizzani and reported as fact.
I have no idea what happened. I watched all day to see the market drop and drop significantly. Instead bad news equaled good news and a good rumor equaled great news.
I can sense the desperation in the powers that be. They control the markets but not the people. The people are pulling their money out of the banks and out of the market and putting it anywhere safe.
The powers that be are buying the market to prop up the ponzi. They sell back and forth to each other in an effort to keep the charade going. What is a lose on imaginary money that was given to you? It is only the pensioners and widows and retirees that actually need to end ZIRP to live.
Desperate though the powers that be are - they kicked the can today. They have promised to kick it tomorrow and already bought the kick boots for Monday. We must be prepared for their actions. Invest in things that are real. Relationships, skills, food and the tangible.
The antidote to imaginary is real. The kick the bully in his nuts play has now been revealed. He will crumble like a cheap suit and the weight of this massive printing will only bring him down faster.
think i'll repaint the clothes dryer this weekend.
Update 3: Bank of England announces QE program...
Reuters newswire is trash. I prefer Bloomberg: ECB Tells Court Releasing Greek Swap Files Would Inflame Markets. Bloomberg News is suing the ECB to provide the documents under European Union freedom-of-information rules: http://www.bloomberg.com/news/2012-06-14/ecb-tells-court-releasing-greek...
NEW YORK - Stocks jumped on Thursday after news major central banks are preparing coordinated action if the results of Greek elections this weekend lead to turmoil in financial markets.
(Reuters) - Authorities in the world's major economies are preparing for a possible market storm or public panic after cliffhanger Greek elections this weekend, officials said on Thursday, should radical leftists win and cast doubt on the nation's future in the euro zone.
"Central banks NEVER indicate in advance what they will do."
Oh no? Shirakawa tells the world just about everytime he shoots his BB gun at the Yen.
They said world governance was just a conspiracy theory. They said it would never happen. And they were laughing.
Bastiges.
Central banks NEVER indicate in advance what they will do
SNB did hint the peg, people though there were bluffing, and then they pegged for real.
Central Banks no son estúpidos hijos de puta!!!