Friday The 13th Is Here: Eurozone Sources Say Several Countries May Face Imminent Downgrade By S&P

Tyler Durden's picture




 

The one we've all been waiting for:

  • Eurozone Sources Say Several Countries May Face Imminent Downgrade By S&P -Dow Jones
  • Eurozone source says Germany will not be downgraded - RTRS... So France will be?
  • S&P declines to comment

Ladies and gents - happy Friday the 13th - the French downgrade is nigh. The only question - one or two notches. EURUSD promptly sliding on the news.

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Fri, 01/13/2012 - 10:04 | 2061132 slaughterer
slaughterer's picture

<== France one notch

<== France two notches

 

FINALLY.  SATISFACTION.

Fri, 01/13/2012 - 10:06 | 2061152 mayhem_korner
mayhem_korner's picture

 

 

The only satisfaction I'll get out of S&P's ratings is when actual defaults prove the ratings worthless.

Fri, 01/13/2012 - 10:12 | 2061166 GeneMarchbanks
GeneMarchbanks's picture

Ah, touche. But we have an ISDA to make sure 'defaults' do not happen.

Greenlight. Get in there and buy some stocks.

Fri, 01/13/2012 - 10:17 | 2061189 WonderDawg
WonderDawg's picture

Been hearing these rumors for a while now. I'll believe it when I see it.

Fri, 01/13/2012 - 10:22 | 2061202 clones2
clones2's picture

I am shocked that insider information like this could possibly be leaked... SHOCKED!

Fri, 01/13/2012 - 10:47 | 2061230 hedgeless_horseman
hedgeless_horseman's picture

 

 

Oceania (The Petrol Dollar) has always been at war with Eurasia (the Euro).

Why do you think we are fucking around with Iran?  To push up Brent versus a weak Euro.  

After we are done, no oil exporter will ever consider anything other than the dollar again, and Timmy will be free to debase the currency.  No strong petrol dollar alternative left behind.

No more racing to the bottom...the new game will be synchronized diving.

A few more years of happy motoring for Americans on their mega freeways, and bicycles for Europeans in their little villages.

Fri, 01/13/2012 - 10:48 | 2061297 JPM Hater001
JPM Hater001's picture

Problem is the bi-lateral swaps agreements are accelerating.  We thought the Venzuala/China swap agreement last year was symtomatic of the problem...I preferred to see it as emblematic.

Fri, 01/13/2012 - 11:11 | 2061388 Cast Iron Skillet
Cast Iron Skillet's picture

... bicycles in their little villages? ... lol. But e-bikes are pretty hot over here right now. They go pretty zippy.

Fri, 01/13/2012 - 14:47 | 2062522 richard in norway
richard in norway's picture

at last someone calling it as it is

Fri, 01/13/2012 - 10:22 | 2061204 French Frog
French Frog's picture

Good point.

How about another doctored-well-above-expectaion University of Michigan Consumer Sentiment number in 35 mins to bring it all back up and yet again force some short covering?

Fri, 01/13/2012 - 10:40 | 2061266 Non Passaran
Non Passaran's picture

> But we have an ISDA to make sure 'defaults' do not happen.

Close Default Encounters of the Third Kind

Fri, 01/13/2012 - 10:10 | 2061172 Vaiman
Vaiman's picture

I haven't seen this news on bloomberg or reuters yet!  Go figure!

I did see this one though.

 

Italy bond auction fails to match Spanish success

 

Fri, 01/13/2012 - 10:19 | 2061194 The Limerick King
The Limerick King's picture

 

 

I'm willing to bet some old scotch

That France will be lowered a notch

They need a new shock

To restart QE talk

And give us a kick in the crotch

Fri, 01/13/2012 - 10:22 | 2061203 mayhem_korner
mayhem_korner's picture

+1947 Macallan

Fri, 01/13/2012 - 10:38 | 2061258 The Limerick King
The Limerick King's picture

You're on Mayhem.....if I lose I'll deliver the bottle at ZeroHedge-a-palooza (just before they round us up).

Fri, 01/13/2012 - 11:16 | 2061404 mayhem_korner
mayhem_korner's picture

 

 

ah..er...I wasn't actually betting, but rather invoking my privilege to indicate something greater than a +1 green arrow.

That said, I will honor your interpretation.  Should we find one another in the rubble of what's to come, I will hold for you my one remaining bottle of Macallan.  :)

Limerick on, friend.

Fri, 01/13/2012 - 11:40 | 2061530 The Limerick King
The Limerick King's picture

I acknowledge my folly and your more than honorable offer. In that case Mayhem, we shall drink it together.....and once drunk, reminisce on our Zero Hedge brethren - both esteemed and reviled.  Cheers!

Fri, 01/13/2012 - 10:48 | 2061302 T-roll
T-roll's picture

I have a strong feeling that the downgrades will be announced today after market close.  It'll be the best time to do it due to the markets being closed on Monday.

Fri, 01/13/2012 - 13:34 | 2062187 William Murderface
William Murderface's picture

MLK rally!  Machines only allowed to be on if you're buying an uptick.  Prezzy says so.

Fri, 01/13/2012 - 10:01 | 2061133 Mr. Fix
Mr. Fix's picture

Just do it all ready!

Fri, 01/13/2012 - 10:12 | 2061176 anonum
anonum's picture

EE using rating downgrades force EURUSD lower + USD index higher before announcing QE3?

Fri, 01/13/2012 - 10:48 | 2061295 nolla
nolla's picture

Nice Jyrki-boy avatar

Fri, 01/13/2012 - 11:18 | 2061412 anonum
anonum's picture

He's the Big Spender of our miniscule country, an unintellectual boy-politician exercising a reckless tax money spending spree.

Fri, 01/13/2012 - 10:17 | 2061190 Hansel
Hansel's picture

Relax, this news won't come out until all markets are closed for the weekend...

Fri, 01/13/2012 - 10:01 | 2061135 Mongo
Mongo's picture

22.00 CET Bitchez!

Fri, 01/13/2012 - 10:01 | 2061136 Jlmadyson
Jlmadyson's picture

As was foretold it all comes back around.

 

Timmy G on at 4:30 for spin session.

Fri, 01/13/2012 - 10:01 | 2061137 Irish66
Irish66's picture

There are no shorts in the market!

Fri, 01/13/2012 - 10:02 | 2061141 slaughterer
slaughterer's picture

A couple of us ZHers laid on shorts EOD yesterday.

Fri, 01/13/2012 - 10:14 | 2061180 Irish66
Irish66's picture

and congress

Fri, 01/13/2012 - 10:21 | 2061200 Schmuck Raker
Schmuck Raker's picture

Those idiots went long as soon as they heard the rumor.

Fri, 01/13/2012 - 10:26 | 2061220 Ex-Pat
Ex-Pat's picture

And every few days before.

Fri, 01/13/2012 - 10:02 | 2061139 sudzee
sudzee's picture

With debt ceiling being breached again, when does the US get its downgrade?

Fri, 01/13/2012 - 10:08 | 2061159 LULZBank
LULZBank's picture

Soon, USAAA will be downgraded to USAaaaaaahh!

Fri, 01/13/2012 - 10:15 | 2061184 LeBalance
LeBalance's picture

nope all the way to Sheep!  US-Baaaaaa!  /lol/

Fri, 01/13/2012 - 10:02 | 2061140 scatterbrains
scatterbrains's picture

oh boy and on Friday the 13th no less?

Fri, 01/13/2012 - 10:02 | 2061142 kralizec
kralizec's picture

Eurozone Sources Say Several Countries May Face Imminent Downgrade By S&P

Promises, promises!!!

Fri, 01/13/2012 - 10:03 | 2061144 GeneMarchbanks
GeneMarchbanks's picture

Always on Friday. Let me guess: Slovenia, Hungary, Portugal.

Fri, 01/13/2012 - 10:09 | 2061161 Schmuck Raker
Schmuck Raker's picture

Portugal's too important...

Malta maybe, or The Vatican.

Fri, 01/13/2012 - 10:03 | 2061147 jesus_quintana
jesus_quintana's picture

'bout fuckin time

Fri, 01/13/2012 - 10:03 | 2061148 NoControl
NoControl's picture

More like S&P declines as comment

Fri, 01/13/2012 - 10:05 | 2061150 fonzannoon
fonzannoon's picture

I better buy treasuries fast!

Fri, 01/13/2012 - 10:05 | 2061151 kito
kito's picture

france will NOT get downgraded. NO chance of it. 

Fri, 01/13/2012 - 10:07 | 2061153 slaughterer
slaughterer's picture

chuckle

Fri, 01/13/2012 - 10:08 | 2061155 fonzannoon
fonzannoon's picture

Kito I hate every single post you put on here but agree with them completely. It's really annoying.

Fri, 01/13/2012 - 15:40 | 2062755 kito
kito's picture

@FONZANNOON --with friends like you, who needs enemies?

Fri, 01/13/2012 - 10:08 | 2061156 kurzdump
kurzdump's picture

What's your bet on austria?

Fri, 01/13/2012 - 10:27 | 2061224 Lucius Corneliu...
Lucius Cornelius Sulla's picture

Same as France.  Italy and Spain are in very bad shape. 

 

http://workforall.net/CDS-Credit-default-Swaps.html

Fri, 01/13/2012 - 11:00 | 2061342 agent default
agent default's picture

France should have been downgraded last year.  If there was any integrity in this rating system we should  be talking about the downgrade of Germany right now, not France.

Fri, 01/13/2012 - 10:08 | 2061158 JPM Hater001
JPM Hater001's picture

Still seems like a bitch bad day to be a banker...er Templar.

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