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Here Comes The Mother Of All Rumors: G-20 Sources Say Central Banks Preparing For Coordinated Action

Tyler Durden's picture





 

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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Thu, 06/14/2012 - 15:14 | Link to Comment fonzannoon
fonzannoon's picture

Why would'nt they release this at 3pm tomorrow? Why today?

Thu, 06/14/2012 - 15:17 | Link to Comment Coast Watcher
Coast Watcher's picture

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

Thu, 06/14/2012 - 15:22 | Link to Comment dwdollar
dwdollar's picture

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.

Thu, 06/14/2012 - 15:18 | Link to Comment ssp2s
ssp2s's picture

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.

Thu, 06/14/2012 - 15:23 | Link to Comment Assetman
Assetman's picture

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???

Thu, 06/14/2012 - 16:22 | Link to Comment CrashisOptimistic
CrashisOptimistic's picture

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.

Thu, 06/14/2012 - 15:14 | Link to Comment Calidreaming
Calidreaming's picture

Cant wait till monday when this pig collapses

Thu, 06/14/2012 - 15:14 | Link to Comment SmoothCoolSmoke
SmoothCoolSmoke's picture

Why not do this at 3:55 PM?  Or Friday at that time?

 

Thu, 06/14/2012 - 16:38 | Link to Comment JoBob
JoBob's picture

Good Heavens, man! At least have the decency to wait until the Greek elections are held!

Thu, 06/14/2012 - 15:14 | Link to Comment nobusiness
nobusiness's picture

What a joke this market is.  "Greece priced in"  "market looks 6 months out"

Thu, 06/14/2012 - 15:15 | Link to Comment skohiu
skohiu's picture

crAAPL not participating....

Thu, 06/14/2012 - 15:17 | Link to Comment Vincent Vega
Vincent Vega's picture

Desperation, bitchez!

Thu, 06/14/2012 - 15:36 | Link to Comment sunaJ
sunaJ's picture

Dude, we're so f*cking high right now.

Thu, 06/14/2012 - 15:17 | Link to Comment crawl
crawl's picture

Smoke and mirrors.
Nice way to squeeze the shorts into covering.

Thu, 06/14/2012 - 15:17 | Link to Comment you enjoy myself
you enjoy myself's picture

and silver down and gold flat?

Thu, 06/14/2012 - 15:18 | Link to Comment Satan
Satan's picture

Selling the fact right now...

Thu, 06/14/2012 - 15:18 | Link to Comment Satan
Satan's picture

Selling the fact right now...

Thu, 06/14/2012 - 15:18 | Link to Comment narnia
narnia's picture

IMF-DIC

Thu, 06/14/2012 - 15:18 | Link to Comment rumblefish
rumblefish's picture

eff me.....can't a short catch a break.

Thu, 06/14/2012 - 15:18 | Link to Comment the not so migh...
the not so mighty maximiza's picture

Everybody ,,, PRINT IN UNISON!!!!!!

Thu, 06/14/2012 - 15:18 | Link to Comment Currency is Debt
Currency is Debt's picture

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.

Thu, 06/14/2012 - 15:19 | Link to Comment Yen Cross
Yen Cross's picture

 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.

Thu, 06/14/2012 - 15:19 | Link to Comment banksterhater
banksterhater's picture

assholes do it every Quad-witching expiration.

Thu, 06/14/2012 - 15:19 | Link to Comment Zola
Zola's picture

This feels just like 2008 with these last minute "heroic" deeds on Sunday evening ! 

Thu, 06/14/2012 - 15:20 | Link to Comment unionbroker
unionbroker's picture

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!!!!

Thu, 06/14/2012 - 15:20 | Link to Comment Fail2Deliver
Fail2Deliver's picture

Denial will come at 4:05pm Friday

Thu, 06/14/2012 - 15:20 | Link to Comment mirac
mirac's picture

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?

Thu, 06/14/2012 - 15:20 | Link to Comment hellas4life
hellas4life's picture

the muppets on cnbc can barely control themselves.  really not looking forward to Maria B creaming herself at the close

Thu, 06/14/2012 - 15:22 | Link to Comment nobusiness
nobusiness's picture

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.

Thu, 06/14/2012 - 15:32 | Link to Comment Paul Atreides
Paul Atreides's picture

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.

Thu, 06/14/2012 - 16:44 | Link to Comment PalladiumJockey
PalladiumJockey's picture

Only my couch pulls out.

Thu, 06/14/2012 - 18:37 | Link to Comment Paul Atreides
Paul Atreides's picture

We need to get you laid.

Thu, 06/14/2012 - 15:22 | Link to Comment Calidreaming
Calidreaming's picture

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!

 

 

Thu, 06/14/2012 - 15:24 | Link to Comment Calidreaming
Calidreaming's picture

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.  

Thu, 06/14/2012 - 15:40 | Link to Comment Tsar Pointless
Tsar Pointless's picture

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!

Thu, 06/14/2012 - 15:27 | Link to Comment Calidreaming
Calidreaming's picture

fuck

Thu, 06/14/2012 - 15:25 | Link to Comment Stack Trace
Stack Trace's picture

Yay, picked up a couple thousand FAZ at $25.25. Thanks for the free money you fucktard rumor generating ass-monkeys from Uranus.

Thu, 06/14/2012 - 15:27 | Link to Comment carbonmutant
carbonmutant's picture

"White House sources saying any action is premature and will require congressional approval"

Thu, 06/14/2012 - 15:26 | Link to Comment you enjoy myself
you enjoy myself's picture

lets get ready to get ready!

Thu, 06/14/2012 - 15:26 | Link to Comment Calidreaming
Calidreaming's picture

I love how my 4x ESu2 short gets stopped on some false headlines.   Thanks fuckers!

Thu, 06/14/2012 - 15:27 | Link to Comment DrDinkus
DrDinkus's picture

BUNGA BUNGA, anybody?

 

I love the smell of napalm on Sunday evening..

Thu, 06/14/2012 - 15:27 | Link to Comment jmcadg
jmcadg's picture

Just a diversion to try to bury the Spanish bank downgrades coming in 3......2......1.......

Thu, 06/14/2012 - 15:29 | Link to Comment walküre
walküre's picture

Paging William Banzai !!!

One of his students? Cool that WB is going global

Protester photo shopped the faces of Mubarak and Shafik

Thu, 06/14/2012 - 15:30 | Link to Comment Yen Cross
Yen Cross's picture

 The Chinese must be rolling over piles of coal/iron-ore, and cheap crude in " Disillusionment", about not!  Welcome to the" Wild West" China!

Thu, 06/14/2012 - 15:28 | Link to Comment Dead Canary
Dead Canary's picture

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.

Thu, 06/14/2012 - 15:28 | Link to Comment fuu
fuu's picture

Gonads and strife bitchez.

Thu, 06/14/2012 - 15:29 | Link to Comment marketcycles79
marketcycles79's picture

special macro market outlook report not to be missed IMO

http://humblestudent777.blogspot.com/

Market roadmap provided showing the way to this manic market

Thu, 06/14/2012 - 15:30 | Link to Comment SDRII
SDRII's picture

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

Thu, 06/14/2012 - 15:29 | Link to Comment earleflorida
earleflorida's picture

"Bring in the Sheep", what more can I say.

http://www.youtube.com/watch?v=SO_c5ZeqrA4 

Thu, 06/14/2012 - 15:30 | Link to Comment Arnold Ziffel
Arnold Ziffel's picture

Mathematical inevitability.

Thu, 06/14/2012 - 15:30 | Link to Comment oa92000
oa92000's picture

where do you get the rumors??

Thu, 06/14/2012 - 16:08 | Link to Comment earleflorida
earleflorida's picture

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  

Thu, 06/14/2012 - 15:30 | Link to Comment Stackers
Stackers's picture

So what happens if Golden Dawn wins and Greece invades Germany ?

Thu, 06/14/2012 - 16:56 | Link to Comment booboo
booboo's picture

Germany will retaliate with a Dirty Sanchez and finish them off with Triple Camel Toe right to the kisser.

Thu, 06/14/2012 - 15:31 | Link to Comment nobusiness
nobusiness's picture

Bullshit like this is why hedgefunds are closing at a record pace.  All that will be left is Algo shops

Thu, 06/14/2012 - 15:31 | Link to Comment PicassoInActions
PicassoInActions's picture

who is the source? should they be procecuted for leaks and rumors? isn't that ilegal?

Thu, 06/14/2012 - 15:32 | Link to Comment walküre
walküre's picture

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.

Thu, 06/14/2012 - 15:32 | Link to Comment nobusiness
nobusiness's picture

If Alan Stamford got 110 years for an $8 billion scam what will Bernacke get??????

Thu, 06/14/2012 - 15:50 | Link to Comment Rip van Wrinkle
Rip van Wrinkle's picture

The $8 billion?

Thu, 06/14/2012 - 15:33 | Link to Comment alfred b.
alfred b.'s picture

 

   ....must have been a slip or wishful thinking from Krugman!

   So what happened to: where there's smoke there's fire??

 

 

Thu, 06/14/2012 - 15:33 | Link to Comment 3FrenchHens
3FrenchHens's picture

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??

Thu, 06/14/2012 - 19:41 | Link to Comment Ms. Erable
Ms. Erable's picture

Monday's Keyword: Unexpected.

Plan on being falling down drunk by 10am.

Thu, 06/14/2012 - 15:33 | Link to Comment Currency is Debt
Currency is Debt's picture

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? 

Thu, 06/14/2012 - 15:57 | Link to Comment SilverRhino
SilverRhino's picture

Good summary

Thu, 06/14/2012 - 15:34 | Link to Comment mkhs
mkhs's picture

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.

Thu, 06/14/2012 - 15:35 | Link to Comment Pinktip
Pinktip's picture

Steve Quayle Red Alert....Euro Collapsed

http://www.stevequayle.com/

Thu, 06/14/2012 - 15:43 | Link to Comment lolmao500
lolmao500's picture

Steve Quayle... PLEEEEEEEEEEEEEEEEEAAAAAAAAAAASEEEEEEEEEE... the guy is a total whacko who has NEVER EVER been right.

Thu, 06/14/2012 - 15:37 | Link to Comment Solon the Destroyer
Solon the Destroyer's picture

Ramp up?

That ain't a ramp.

That's the North Face of the Eiger the Dow just climbed.

Thu, 06/14/2012 - 15:45 | Link to Comment Solon the Destroyer
Solon the Destroyer's picture

The rumor was faded and now it looks like a giant middle finger.

I think the markets are trying to tell us something.

Thu, 06/14/2012 - 15:37 | Link to Comment Everybodys All ...
Everybodys All American's picture

One thing we definately know for sure is that rumors never get prosecuted under this current administration.

Thu, 06/14/2012 - 15:37 | Link to Comment the 300000000th...
the 300000000th percent's picture

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

Thu, 06/14/2012 - 15:38 | Link to Comment InconvenientCou...
InconvenientCounterParty's picture

That's the smell of pure desperation.

Game theory will pop the lid on any damage control scheme in less than one trading day.

Thu, 06/14/2012 - 15:38 | Link to Comment the 300000000th...
the 300000000th percent's picture

They will always win we cant ever beat them at their game

 

Thu, 06/14/2012 - 15:41 | Link to Comment walküre
walküre's picture

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.

Thu, 06/14/2012 - 15:45 | Link to Comment the 300000000th...
the 300000000th percent's picture

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

Thu, 06/14/2012 - 15:47 | Link to Comment the 300000000th...
the 300000000th percent's picture

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

 

 

Thu, 06/14/2012 - 17:09 | Link to Comment walküre
walküre's picture

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

Thu, 06/14/2012 - 15:43 | Link to Comment semperfi
semperfi's picture

I'll bet that's what the Romans thought.  And every other empire on the ol' ash heap.

Thu, 06/14/2012 - 15:39 | Link to Comment walküre
walküre's picture

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.

Thu, 06/14/2012 - 15:49 | Link to Comment Currency is Debt
Currency is Debt's picture

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. 

Thu, 06/14/2012 - 16:16 | Link to Comment walküre
walküre's picture

We made our beds with Shylock, now we have to look for a new bed.

Thu, 06/14/2012 - 16:09 | Link to Comment Cangoroo
Cangoroo's picture

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.

Thu, 06/14/2012 - 15:40 | Link to Comment Let The Wurlitz...
Let The Wurlitzer Play's picture

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.

Thu, 06/14/2012 - 15:44 | Link to Comment irie1029
irie1029's picture

Too good!

Thu, 06/14/2012 - 15:40 | Link to Comment Undecided
Undecided's picture

Mark Faber just tweeted 100% stock market crash 2012-2013 lol

Thu, 06/14/2012 - 15:42 | Link to Comment lolmao500
lolmao500's picture

I say 140%!

Thu, 06/14/2012 - 15:42 | Link to Comment Hoody Who
Hoody Who's picture

You cannot gets rides this good at Disney.

Thu, 06/14/2012 - 15:41 | Link to Comment BlandJoe24
BlandJoe24's picture

Woa, algos mad at everyone's insults, trying again...

Thu, 06/14/2012 - 15:42 | Link to Comment rqb1
rqb1's picture

just remember people, this is the greeks we are talking about, dont expect them to do the right thing. 

Thu, 06/14/2012 - 15:42 | Link to Comment irie1029
irie1029's picture

This is freaky funny... like a blue light special at Kmart on the first of the month.  

 

This site is great.

Thu, 06/14/2012 - 15:42 | Link to Comment Yen Cross
Yen Cross's picture

 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!

Thu, 06/14/2012 - 15:43 | Link to Comment oa92000
oa92000's picture

if Greek leave EU, market will go up??

 

if Greek stay , Market will go up??

Thu, 06/14/2012 - 15:57 | Link to Comment Vince Clortho
Vince Clortho's picture

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.

Thu, 06/14/2012 - 15:51 | Link to Comment nobusiness
nobusiness's picture

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.

Thu, 06/14/2012 - 15:55 | Link to Comment Currency is Debt
Currency is Debt's picture

Ever. I want some inside info

Thu, 06/14/2012 - 15:53 | Link to Comment divide_by_zero
divide_by_zero's picture

"Coordinated Action", circle jerk or elephant walk?

Thu, 06/14/2012 - 15:54 | Link to Comment Currency is Debt
Currency is Debt's picture

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. 

Thu, 06/14/2012 - 15:57 | Link to Comment scatterbrains
scatterbrains's picture

Looks to me like they just wanted a reason to push up and away from the 200 mva.. which worked for now.

Thu, 06/14/2012 - 15:58 | Link to Comment caimen garou
caimen garou's picture

What's that loud noise Ben?That's the sound of the monkeys..................working on the printing press!

Thu, 06/14/2012 - 15:59 | Link to Comment Currency is Debt
Currency is Debt's picture

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

Thu, 06/14/2012 - 16:00 | Link to Comment SmoothCoolSmoke
SmoothCoolSmoke's picture

At 1 pm the Dow wa at 12630.  So all this BS was for 28 Dow pts?   Insane.

Thu, 06/14/2012 - 16:00 | Link to Comment web bot
web bot's picture

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.

Thu, 06/14/2012 - 16:03 | Link to Comment Bastiat
Bastiat's picture

 

 

Euro roundtable coordinated action: 

UnziP!

Reach to your right!

Go!

Thu, 06/14/2012 - 16:18 | Link to Comment walküre
walküre's picture

Every guy asking to be seated left of Angie.

Thu, 06/14/2012 - 16:20 | Link to Comment Bastiat
Bastiat's picture

Not every guy.

Thu, 06/14/2012 - 16:04 | Link to Comment post turtle saver
post turtle saver's picture

Why is this news? I thought the whole point of centralized entities was increased coordination?

 

"Not news" goes to Fark, not Zero Hedge :)

Thu, 06/14/2012 - 16:04 | Link to Comment Ned Zeppelin
Ned Zeppelin's picture

No chaos. This is all a head fake.

Thu, 06/14/2012 - 16:05 | Link to Comment q99x2
q99x2's picture

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.

Thu, 06/14/2012 - 16:06 | Link to Comment SmoothCoolSmoke
SmoothCoolSmoke's picture

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.

Thu, 06/14/2012 - 16:12 | Link to Comment Cangoroo
Cangoroo's picture

We are all guesstimating. Truth is, the story is not about Greece - too small to fail,  it is about Spain.

Thu, 06/14/2012 - 16:15 | Link to Comment Law97
Law97's picture

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...

Thu, 06/14/2012 - 16:10 | Link to Comment nomorebuyins
nomorebuyins's picture

This is confirmation that they have totally lost control, the rumors are based on fear. This is the end.

Thu, 06/14/2012 - 16:12 | Link to Comment The Gooch
The Gooch's picture

All of your haircuts are belong to us.

Thu, 06/14/2012 - 16:12 | Link to Comment Snakeeyes
Snakeeyes's picture

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-...

Thu, 06/14/2012 - 16:15 | Link to Comment Spaceman Spiff
Spaceman Spiff's picture

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.)

Thu, 06/14/2012 - 16:21 | Link to Comment Grand Supercycle
Grand Supercycle's picture

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

Thu, 06/14/2012 - 16:30 | Link to Comment walküre
walküre's picture

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?

Thu, 06/14/2012 - 16:16 | Link to Comment dcb
dcb's picture

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.

Thu, 06/14/2012 - 16:21 | Link to Comment theTribster
theTribster's picture

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.

Thu, 06/14/2012 - 16:23 | Link to Comment scotsailor
scotsailor's picture

"COORDINATED ACTION."    Ok, so capital controls?  

Thu, 06/14/2012 - 16:26 | Link to Comment MiniCooper
MiniCooper's picture

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. 

Thu, 06/14/2012 - 16:27 | Link to Comment Bansters-in-my-...
Bansters-in-my- feces's picture

"See something,Say something"....

G20 Terrorist coordinate actions.......

Thu, 06/14/2012 - 16:27 | Link to Comment geekgrrl
geekgrrl's picture

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.

Thu, 06/14/2012 - 16:30 | Link to Comment Bastiat
Bastiat's picture

Sums it up.

Thu, 06/14/2012 - 16:29 | Link to Comment ekm
ekm's picture

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.

Thu, 06/14/2012 - 16:31 | Link to Comment nobusiness
nobusiness's picture

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.

Thu, 06/14/2012 - 16:35 | Link to Comment mammoth mo
mammoth mo's picture

 

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.

Thu, 06/14/2012 - 16:36 | Link to Comment pocketfishermen
pocketfishermen's picture

think i'll repaint the clothes dryer this weekend.

Thu, 06/14/2012 - 17:00 | Link to Comment junkyardjack
junkyardjack's picture

Update 3: Bank of England announces QE program...

Thu, 06/14/2012 - 18:36 | Link to Comment anyways
anyways's picture

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...

 

Thu, 06/14/2012 - 19:43 | Link to Comment goldfish1
goldfish1's picture

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.

Thu, 06/14/2012 - 19:45 | Link to Comment goldfish1
goldfish1's picture

(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.

Thu, 06/14/2012 - 20:17 | Link to Comment BigInJapan
BigInJapan's picture

"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.

Thu, 06/14/2012 - 20:35 | Link to Comment widget
widget's picture

They said world governance was just a conspiracy theory. They said it would never happen. And they were laughing.

Thu, 06/14/2012 - 21:23 | Link to Comment goldfish1
goldfish1's picture

Bastiges.

Fri, 06/15/2012 - 01:11 | Link to Comment mantrid
mantrid's picture

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.

Fri, 06/15/2012 - 11:13 | Link to Comment 100pcDredge
100pcDredge's picture

Central Banks no son estúpidos hijos de puta!!!

Do NOT follow this link or you will be banned from the site!