This page has been archived and commenting is disabled.
Here Is The Latest Greek Bailout Rumor
Yawn:
- EU PLANS GREEK BUYBACK PROGRAM OPEN TO ALL DEBT, ALL INVESTORS - BBG
- EU GREEK BUYBACK PLAN FROM DOCUMENT OBTAINED BY BLOOMBERG NEWS - BBG
Fade.
From Peter Tchir:
Market is rallying on this news. Or at least it seems to be this news that made the market perk up. I'm not sure this is really new. I am also not sure what it will do. It should drive the price of bonds that are marked up a little bit, but is unlikely to be at a price that encourages banks that haven't marked them, to sell them. Since the majority of bonds and the risk of contagion remains in bonds that haven't been marked, this is a minor event at best.
This is about as useful to the market as the "support" given by the G-20 last night.
If this is the best that they have, what does that mean? If they are leaking things like this to calm the market, does it mean they are way too far apart on anything real to make an announcement over the weekend that is truly market moving? Wow, the half life of this rally wasn't even as long as it took me to type this, and I do type quickly (if not accurately
»
- 7070 reads
- Printer-friendly version
- Send to friend
- advertisements -
SOLD! I'll take two.
Wonderful. I always wanted to be the greater fool and the last one in.
Take me now Oh Lord. I have seen the promised land and it sure as hell ain't Greek.
lol...Greece cannot generate the growth to pay the existing P and the future I. Nobody can.
Default and restructuring away from debtmoney is inevitable as it is no longer viable as a fundamental institution.
confessions of a physical goldbull---im out. done. and not because gold is in a freefall. its WHY gold is in a freefall
as per trav here, default and restructuring WILL be the way out of this, which will in turn be deflationary. fed and ecb are not printing their way out of this. you can say, oh but ben will.....no, he wont. printing is not working, period.
what is the dollar? its a FEDERAL RESERVE NOTE. this note is the source of power for the federal reserve--nothing else matters as source of power. and why would bernanke then go ahead and print, knowing the economy is going to implode anyway? why would he want destroy the FEDERAL RESERVE NOTE with a hyperinflationary collapse at the same time? he wont do that. better to sacrifice the economy, let the great reset begin, and keep the FEDERAL RESERVE NOTE.
So I assume you have rushed to your physical Gold storage place, gathered up all your Gold and are now speeding to the local coin shop to sell.........right?
you overestimate my worth that i would need much of a storage place. however, what i have is valuable to me. and major dealer near me, not coin shop
So whatever amount you physically have, you are selling it now, today, or as soon as possible. Correct?
Hahaha. Keep pressing CD. :)
Default & restructuring has always been inevitable. This is how the debt money game always plays out & eventually ends. It's been this way for thousands of years. Apprentices are taught the essential truths at their masters' feet, while dummies pursue difficult subjects like medicine, engineering, law, etc.
So the question isn't how it ends, but rather, what happens along the way? Imagine a fixed fight that is supposed to end in the Xth round. How well do the fighters act out their roles, and how effective are the fixers' respective positions, relative to keeping the audience entertained & clueless as to the foreordained outcome?
That's why I periodically check in and warn you monkeys to stop fixating on markets, gold, etc. To quote Trav, "know this": the system is coming down, and how well you survive (or not) has got -0- to do with existing portfolio positions. Nor is it your ability to fend off zombie hordes.
We're going back to local, skill essential economies. You either contribute & survive, or you don't. Only in times of plenty are great allowances made for divergence from the mean. When things get tough, all that BS goes out the door.
Do yourself a favor and review the 'Bloody Code'. GB used to execute handfuls of criminals each week (within days of conviction) for such things as stealing some silverware, passing false checks, etc.
Ain't gonna be no more mollycoddling where we're all heading.
And they were the lucky ones. God help you if you got into debt!
how much longer can funds/quants/whoever afford to run this algo? if EUR up, buy stocks? they must be getting absolutely destroyed.
And at an interest rate that would make a Chicago Mob loanshark envious too!
FADE to black?
zzzzzzzapppppppppp
Why not just have everybody in the world write Greece a check?
I'll send Greece a plate of my half-eaten moldy Baklava.. but they have to pay for shipping..
When you say "everybody" you mean Germans right?
I bags the Medusa!
Can't fade if nothing went up...
I take that back. I blinked and I missed the rise.
Like a dying patient.. the heartbeat gets weaker weaker... in this 'market' the reaction blip on the screen gets weaker and weaker....
It's Friday......the rumor mill must be working second shift this weekend.
I smell a sunday night default.
Effect before cause? Smoke before fire?
I just wish this document would be true, buy-back of all Greek bonds at 40%.
What a bargain it would be, just don't ask me for which side...
CERN discovers particles that move faster than light.
Apparently the EU is trying to change the laws of physics...
http://news.nationalgeographic.com/news/2011/09/110923-neutrinos-speed-o...
By the roots means only one thing. End of euro.
greece is only one letter of the piigs
And one letter of the F'N A PIIGS :)
Half-life of 30 seconds on this one.
You were way off of that prediction. The half-life was way over 90 seconds.
'ALL investors' invited to buy Greek debt! Wow how wonderful and non exclusionary....who do I make my check out to?
"Chicken-Traders" aint seen nothing yet!
Forgot to mention at what haircut :) CAB bid :)
Banks stocks are running hard today
Retards like to run hard too.
RUN! Forest. RUN!!!
BAC is selling everything that isn't nailed down.
http://www.bloomberg.com/news/2011-09-23/bofa-leads-lenders-higher-on-asset-sales-possible-ecb-action.html
got to be bullish... personally, I will take some more skf
And here's the ugliest man in IMF sharing the Status Quo's one and only "idea" in a bit twisted form.
LOL DD, two bad solutions are better than one.
These people are true psychopaths. Witness Meg Witlessman's laser-like focus on better 'communication' to turn the embattled HP around, or the Federal Reserve who debates endlessly on the precise wording of their releases, or the EU which is currently issuing a torrent of words in an effort to solve an emergency. Only a few more words, more refined, more focused and we shall embark on our promised journey to EUtopia.
we're only missing strenuous wishing at this point
It's all about confidence - and she's confident.
But maybe we'll get back to demand and supply, products and services, with fewer talking heads as the mechanisms of commerce. Here's hoping.
how about trade what price and volume are telling you instead
Where do I sign up. lolol
Nice con, they've learned well from the big corps...issue or IPO at par, initiate buyback program when it's at a fraction of the price.
7 months of SLV longs obliterated, all now in a losing position.
Gee your gold and silver portfolio got kornholed along with your DOW 12,800 long?
Sucks.
Someone inform ZH's official Monday Morning QB that a lot of the silver longs have been around since it was in single digits.. or even teens.
and that they're "physical" longs, not paper. This is a paper take-down...yawn, buying opportunity
Go back
Nobody should have taken a large paper loss. The fundamentals for gold and silver are a poor excuse to trade without stops, or to ignore your stops. If you have PMs, paper prices don't make a bit of difference to where the USD will eventually end up. That's why you bought them.
TZOO
"All in at DOW 12,700"
the list goes on RotoTraitor...
Paulson's GLD is gonna hurt
Same with silver. GodDAMN this stings. I'm good until $20 or QE3 ... but wow what a fucking takedown.
PM's are a bummer today. Good thing I don't have to sell to pay the rent next week. But I'm still going to be moping around all weekend.
At least I'm in physical. Already got killed on paper calls earlier this year.
So what changed? Bet there are a lot of margin calls today?
Ever more volitile swings are in store for everything, including PMs. PMs will come back, but most of the move will be during hours that US retail doesn't trade.
Margin calls, liquidity crunch. It's fall 2008 being replayed at HIGH speed for 2011.
Gold Bid: 1,630.90 Ask: 1,632.90 Change: -107.90That's fucking brutal. Someone is orchestrating a PM smackdown to drive everyone into USD. And it looks like China just said Fuck You with their calls to replace USD as reserve currency.
Volatility is going to get even worse.
BTFD
The prices of these miners are so absurd. Patience, patience. What a buying opportunity. Luv it.
Pharmaceuticals are not being shipped to Greece unless on a cash and carry basis
Greece debt problems are smaller than many U.S. states bankruptcies....this is all full retard. Somethings got to give way here (besides gold and silver) or people are going to completely snap soon.
Are you okay today?
Am I OK today? Yea Im fine....just looked at GunDeals.com and my rifles and ammo prices are UP!
That's an interesting comment. If you had a lot of money in guns and ammo, but prices fell 10%, would you be worried? Probably not, right? You bought the guns and ammo because you figured you'd need them some day when they would be much more valuable. That's how I feel about my PMs. I really don't care about the price unless there is evidence they can fix this wacked out financial system. THAT impossiblility would make me sweat. Until that happens, the trade is rock solid.
Effin Gold market.
Poe's Law has totally overtaken the rumor mill. I have no idea what's real and what's satire anymore.
so the only thing keepin the market up is the hope of more bailouts. Why not just allow everyone to take out $1000 from an ATM tomorrow. We'll call that a bank holiday.
Everyone keeps hoping that QE3 ans LSAP will become reality. The economy can't actually produce money from real sources anymore and has now become a Detroit welfare queen dependent on the governmnt for her monthly check.
The first rule of preventing dependence is never give something away in the first place. Once bailed out the banks can no longer exist without it. F'in crack addict scratching the floor trying to dig up a few grains.
James Turk must be having a heart attack with all the redemptions rolling in.
BTW Anyone know if Greece made it's 2b TBill payment today?
Sooo, this 90% PSI proved a bit too ambitious apparently...
Merkel distrusts state/oligarchical corruption in peripherals. So she wants them all to act like responsible germans. This is like asking a dolmades to taste like a frankfurter. How do you reconcile a financial power house with a mercantile power house, both of which have OPPOSING agendas in Euroland. Its the same german house we are talking about. So the contradiction is between herr Angela, the prussian disciplinary, and Frau Merkel, the mercantile exporter to PIGs and sundry.
Does Germany have two heads on one body, or the contrary? Will she think with one mind...This is a Deutsch dilemma. We need to ask Goethe.
Cannot wait for the gold market to turn and move higher.
That is when Robot goes Poof! and disappears.
Time to apply for those new credit cards and buy gold/silver fellas (of course with no intention of paying back the credit to those criminals with your labor)...
... kill two birds with one stone.
Or like Ricky from the Trailer Park Boys says 'Get 2 birds stoned at once boys'!
The EU Finance ministers are in a game of chicken with the markets...
Greek using ouzo, yogurt, sardines for currency.
The only ones not stressing about the Greeks are the Greeks.
They're partying and enjoying all the free travel publicity.
Greece & Europe saved. Yaaawn indeed. No Armageddon.
Go shove that dildo up your ass. I'd do for you but I've been too busy getting rich shorting the "boring world" you live in.
I'm simply right. Merry Christmas.
maybe they fired their press release guys too, because this is just dumb to think it will help much (at all)
Seriously, this is a major rout for the PM`s. I would love to know how much Physical has changed hands, are all those GTC Bids out of the far east in the $1730 region filled? There must be some announcement of epic blow ups in the pipeline. Margin increases anyone !
Gotta love this:
Can't make this crap up
http://www.independent.co.uk/news/world/europe/eu-civil-servants-slam-40hour-week-2359087.html
Greece is supposed to make a 2 billion euro debt payment today. Wouldn't you like to be on that phone call?
I'm a little worried about Silver, it it dives any deeper it's going to get the bends. Better send in Flipper to pull it out.
It's just something to keep the market somewhat tame for a few hours.