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Is It Proper Etiquette To Break Up With An SMS?
We noted the particular shift in Europe's sentiment toward Greece back in January, observing that ever since the "favorable" uptake of the LTRO (all of which has since been recycled and parked at the ECB's deposit facility which was at €510 billion as of today), Europe has become convinced that letting Greece fail is not a bad idea (an idea which is so ludicrous, and so Lehman deja vuish it makes us shudder, and which CS' William Porter wrote his entire February 10 piece "The Flaw" on, an excerpt of which can be found here). This culminated with the following observations by UBS. Ever since then everything Europe has done has been in preparation of an "orderly" Greek default (odd - try as we might we fail to find that section in the MiniCode MiniRules) and all the posturing about Greece saving itself has been beyond a farce. Yet as has been beaten to death, the final outcome won't be certain until March 20, at which point the market may finally grasp the new reality. In the meantime, here is Peter Tchir explaining how Germany just broke up with Greece... via a text message.
From Peter Tchir of TF Market Advisors
Is It Proper Etiquette To Break Up With An SMS?
I guess I shouldn't be thinking about break-ups on Valentines day - that hallmark of Hallmark holidays - but with the EU switching from a summit to a conference call they are either finally worried about the money spent on all these summits (doubtful) or are trying to figure out a way of saying no without having to face the person (likely).
Dear George, it's me not you but I hope we can still be friends, Angela
It is less likely to cause a scene than even telling Greece no more money over the phone, and has the added benefit that you could mass text it to a lot of the Greek leaders and not even need to change the name.
Either that or someone in the EU finally googled IIF and is too embarrassed to show their face after realizing they have had a bank lobby group negotiating PSI for the past 8 months.
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I NVR LOVD U, LMFAO LOL #hallmark #split
sms passes for human interaction these days
srry. drving. no more $$$. txt me 2mro. -Merkz
Sry, this just isnt working out. I tried but you keep asking 4 more and never giving ne thing back. This is 4 the best. Hope we can still be friends, and hope you get your life together. xoxo Germany
i h8 u gfy
Shit, Masturbate, Shower?
They want them to default without saying they want them to default. After 2 years I'm sure they think that most of their banks had time to protect themselves, the problem is the rest of the PIIGS especially Spain and Italy. Many Germany banks and other northern European banks have major loans in these countries.
PPT out in full effect. look at that fucken ramp up
Stupid bears, today never even happened.
It's all that CASH ON THE SIDELINES.
i can not find my short's ...
I'm sorry baby, it's not you.....it's me.
I still want to be friends
We'll always have the Acropolis (unless it's rented out for $2k a day)
I don't even understand why they open the market. Why don't they just tell where it will open and close and be done with it.
What? And ruin the surprise? Oh wait ...
They have to at least pretend it's not an insider's ponzi scheme.
the PPT is doing a great job!
NO € 4U
"Dear USA, its been real" -Freedom
Break up on Post-it (TM) note.
Sorry. I'm just not that into you.
I have to count the days in the last three months that the bears were not screwed... my fingers should be enough to do that. You guys are fucked again and again! Stop doubting the market you fools.
Which market? The phoney, PPT-propped up, FRS-goosed pathetic joke of an asset pricing system which supposedly reflects the value of everything in real-time (but is promptly shut down when it doesn't)?
Yes, it's definitely the market screwing the bears. Not the man behind the curtain.
There is no market there is only the Bernank & robotrader in his basement
don't give a damn how fucked up the market (whatever market it is), making money is the golden rule. Bitching like tyler and this site will get your poor and pooreeeer.
Pennies, meet steamroller.
Keep smoking that government k00l-aid, it does you good.
If you're comfortable playing their game, fine for you. Everyone has to make their own moral decisions in an immoral age. But just because it may be to your disadvantage not to play along with an epic fraud doesn't mean it's the wrong thing to do.
moral or immoral, what are you talking about? The right thing to do is not to invest in s&p when the market is up?? and keep saying the market should not be up?
I guess when your pocket gets empty or at least shrinking, there is really a lot of stuff for you to do to change the world, starting with bitching all day here... lol
Spot on. I get tired of the God, justice and constitution mongers also. We cannot change this, our perspective as a financial blog is to make money. Period.
I hear you, it's a cynical point of view but an appropriate one. You're profiting from a scam though, no different from a pyramid scheme, which is illegal in most jurisdictions because it fleeces the people on the bottom. And more generally, the market that is giving you such great profits is channeling all available capital to current consumption leaving precious little to invest for the future in which somehow 7 billion people need to be fed while energy becomes harder to find. But for now, party on.
"...moral or immoral, what are you talking about?"
Consequences? Moral Hazard?
http://www.digital-photo-web.com/image-files/madame-tussaud-580.jpg
Short the rallies. Cover. Short the rally cover. Repeat. It hasn't been a bad market for bears
I am observing at least 10 different short squeezes right now into this close. Pretty crazy given that we have four EZ GDP reports tomorrow morning.
Yawn. Is AAPL at $600 yet?
If you take out a ruler, you can probably make out when it's supposed to cross $600.
+1
Monkeys have found that Apple's contains aphrodisiac substances.
$600 say $1,600
Have you ever seen a Gen Y'er clutch a MacBook? MacBooks are Gen Y'ers best freinds. They talk about them like the inatimate object is family.
Anybody watching AAPL puts? A little vol explosion?
Bullish
Tyler,
What is the better alternative? And isn't fail a harsh term when dragging them after the bus seems equally as bad?
Greece is not GOING to fail; IT ALREADY HAS! Or, perhaps there is someone out there willing to give me full face value for Greek 10 years.
Today's Nasdaq intraday chart looks like yesterday's oscillations in crude oil.
At least Nymex had the decency to shut the sucker down.
The only thing that closes the Nasdaq is when squirrels chomp through their fiber optic cables, and the screens go dark.
But, but, what about in sickness and in health. The children, what about the children?
Tune in tomorrow for the next episode of "As the World Turns" to shit.
Today's why they invented trailing stops.
SMS? What.
CNBC way ahead of ZERO HEDGE today on data.
Really off your game Tyler. Whichever Tyier you are.
Bring the 2007-2010 Tyler back.
Don't make me close one more door
I don't wanna hurt anymore
Stay in my arms if you dare
Or must I imagine you there
Don't walk away from me...
I have nothing, nothing, nothing
If I don't have you, you, you, you.
Both Greece and Germany should start using something like delighta.com to back up their important SMSs. LOL.
"I think we should see other people." = "I'm fucking somebody else."