Italian, Spanish, Belgian Spreads At Record, Intesa And Dexia Limit Down, Markets Plunge, Cats And Dogs Living Together...

Tyler Durden's picture

Your rating: None

- advertisements -

Comment viewing options

Select your preferred way to display the comments and click "Save settings" to activate your changes.
Fri, 08/05/2011 - 03:14 | 1525886 Mongo
Mongo's picture

Cats And Dogs living together


Fri, 08/05/2011 - 04:13 | 1525942 True.North
True.North's picture

Great quote Tyler, for those who don't know it (or him - Bill Murray)

Dr. Peter Venkman: This city is headed for a disaster of biblical proportions.

Mayor: What do you mean, "biblical"?

Dr Ray Stantz: What he means is Old Testament, Mr. Mayor, real wrath of God type stuff.

Dr. Peter Venkman: Exactly.

Dr Ray Stantz: Fire and brimstone coming down from the skies! Rivers and seas boiling!

Dr. Egon Spengler: Forty years of darkness! Earthquakes, volcanoes...

Winston Zeddemore: The dead rising from the grave!

Dr. Peter Venkman: Human sacrifice, dogs and cats living together... mass hysteria!

Mayor: All right, all right! I get the point!

Fri, 08/05/2011 - 05:10 | 1525978 Highrev
Highrev's picture

The beginning of the end.

You guys are hysterical (pun intended). roflmao

Start jammin' and sing along. It's The End Of The World As We Know It (and I Feel Fine...) 


Fri, 08/05/2011 - 06:09 | 1526037 J in Vegas
J in Vegas's picture

      I promised myself that I would never miss an opportunity again to make money off of shorts when the market takes another shit. I didn't know enough in 2008~2009 finacially to do anything other than panic (which I never sold any stocks, just watched them crater). Now I know. This is the time. Blood in the streets. I'm almost 40% shorts. Yesterdays -500 Dow plunge was sweet. I really feel no mercy for the 401(k) bathroom brigade and their stupid Cramer worshiping asses. I have no love for anybody caught in the "QE3 is coming all is well" long side. Fuck them all.  

       The beers are flowing, its my Friday, and some thoughts are flowing. After taking the red pill in the summer of 2008 I started to see how the shit is really going down. I saw the epic housing bust first hand here in Las Vegas. Epic. I own a home and a rental. Both are sooo upside down. I saw the 20%+ lay-offs in the casino's, the 75%+ lay-offs in construction. Thankfully I wasn't laid off. I saw first hand how unprepared the average "Sheeple" is. I made sure since then to be prepared for the future. I will be completly done by Jan 2012.

    And talking about the sheeple.... who I have to serve as a bartender everyday... most of them are clueless as to whats going one (don't be cheap, TIP!). And unlike most people here who's interactions with them is limited, I see and talk to 100's to 1000's per week (from all over the U.S. and the world). Today at work almost nobody had a clue other than my select posse that is in the know what had gone down today or what the future has in store.

     Lastly... since this is a financial site... some short picks to make some money.... Think as this list as the Anti~Robot Trader moves.

SH QID SJL TWM SKF PSQ DOG SRS EEV ... And last but not least SDOW which I bought last Thursday. Think of it as a little Financial WMD!

J in Vegas

Fri, 08/05/2011 - 06:31 | 1526055 SamuelMaverick
SamuelMaverick's picture

Robo and Leo have been MIA . 

Fri, 08/05/2011 - 03:18 | 1525888 scratch_and_sniff
scratch_and_sniff's picture

umm i see the big guns coming out if this mayhem contines, there have been some huge bids coming into Eur for some reason, i cant work out if its just a mad squeeze or if ECB is already buying...

Fri, 08/05/2011 - 04:24 | 1525950 topcallingtroll
topcallingtroll's picture

People on zero hedge in general underestimate what the fed, ecb, and japan can do. The swiss however small are about to add their contribution to a coordinated effort. Italian and belgium bonds are probably a short term buy.

Fri, 08/05/2011 - 05:14 | 1525985 Sudden Debt
Sudden Debt's picture

It's to late for the big guns...

It's to late for Spain, to late for Italy, Belgium 10yr is nearing 5% and after that it's just a matter of time, Portugal is doomed, Ireland is doomed, Cyprus is doomed....

The list is just to big. There isn't enough money to save them and if they want to save them by printing money, that could mean a 50% inflation jump.

Whatever happens.... SHIT IS GOING TO HIT THE FAN!

Fri, 08/05/2011 - 06:04 | 1526032 Catullus
Catullus's picture

That's the US Fed with the swap lines.

Fri, 08/05/2011 - 03:19 | 1525890 Doyle Hargraves
Doyle Hargraves's picture

Let her burn, Germany will be happy to be back on the DM and not subsidizing the massive amount of unproductive takers on the continent with German GDP and savings.

Fri, 08/05/2011 - 05:15 | 1525986 irishlink
irishlink's picture

A few of us over here believe that Germany has been preparing to leave the EURO for months now. Then we will have a plunging Euro! The German banks have offloaded most of their exposure to the PIIGS as Merkel played hardball so the can could be kicked for longer,

Fri, 08/05/2011 - 03:20 | 1525891 Frosty Gary
Frosty Gary's picture

Some travelin' music for everybody today...

Fri, 08/05/2011 - 05:44 | 1526015 zhandax
zhandax's picture

Spot on; they will be here in two weeks....I will try to post some video.

Fri, 08/05/2011 - 03:21 | 1525893 madbomber
madbomber's picture



very intricate or complex: an involved reply. 2.
implicated: involved in crime. 3.
concerned in some affair, especially in a way likely to cause danger orunpleasantness: I didn't call the police because I didn't want to getinvolved. 4.
committed or engaged, as in a political cause or artistic movement:The civil rights demonstration attracted the involved young people ofthe area.

Fri, 08/05/2011 - 03:27 | 1525897 FischerBlack
FischerBlack's picture

Next up, Italian authorities send Luca Brasi to the offices of the ratings agencies to make them an offer they can't refuse.

Fri, 08/05/2011 - 03:27 | 1525898 AngryGerman
AngryGerman's picture

Gotta love the downfall. Banks stop trading. System overloads. Hope you already bought food for the weekend, bc your debit card wont work anymore in the afternoon. At least its fall, so we can go pick mushrooms...

Fri, 08/05/2011 - 03:35 | 1525900 Doyle Hargraves
Doyle Hargraves's picture

From Bloomberg:

DAX  -226/3.52% Maybe I am wrong, maybe the lazy folks will take them down with them...

Fri, 08/05/2011 - 03:33 | 1525909 scratch_and_sniff
scratch_and_sniff's picture

did no one tell you yet? Hitler is not dead, he has just been seen taking over the Bundestag with a bannana in a brown paper bag. WW3 is imminent, sell your gold and hide your young men arrrggggg!!!! DAX to zero!!

Fri, 08/05/2011 - 03:42 | 1525915 Doyle Hargraves
Doyle Hargraves's picture

Actually, the DAX was showing a 0 value and -6414.76 a few seconds ago on Bloomberg. As far as Hitler well before my time buddy. Hard to argue that Germany is NOT the powerhouse of the EU though. When I lived there people were pissed about subsidizing the Eastern portion of Germany after reunification to bring them up to snuff, now all of Europe?! How long do you think they will wanna subsidize other nations lifestyles?

Fri, 08/05/2011 - 03:54 | 1525919 scratch_and_sniff
scratch_and_sniff's picture

umm, cant see it happening myself either, Merkel will "eventually" hit a wall...that particular wall is Italy and Spain, even though this has been prophesised for years now there was a little part of me that thought it wouldn’t happen, but there really is nowhere left to hide - new currencies all round and mark down city for all involved. Still a way to go yet though...

Fri, 08/05/2011 - 04:02 | 1525929 Doyle Hargraves
Doyle Hargraves's picture

I don't currently live there so I cannot say for sure but if the same folks I knew still live there (I got out right before the euro started up), they will not put up with it and would rather get rid of Merkel then just comply and blindly turn over what little they are allowed to keep of their production as it is. I don't think there is that much further to go. A lot of Europeans feel the same as you about it but facts are stubborn and they are upon us all now.

Fri, 08/05/2011 - 03:31 | 1525902 Karl Tashjian
Karl Tashjian's picture

Preview of today's events:

Fri, 08/05/2011 - 03:32 | 1525904 Ethics Gradient
Ethics Gradient's picture

Dr. Tyler Durder: This market is headed for a disaster of biblical proportions.
Sheeple: What do you mean, "biblical"?
Dr Reggie Middleton: What he means is Old Testament, Sheeple, real wrath of God type stuff.
Dr. Tyler Durder: Exactly.
Dr Reggie Middleton: Fire and brimstone coming down from the skies! Rivers and seas boiling!
Dr. George Washington: Forty years of darkness! Earthquakes, volcanoes...
williambanzai7 : The dead rising from the grave!
Dr. Tyler Durder: Human sacrifice, dogs and cats living together... mass hysteria!
Sheeple: All right, all right! I get the point!
Leo: Although talking to the housekeeper of the son of the aunt of the Finance Minister in Moldova, I really believe you can protect your capital by investing in Patagonian foam rubber producers.

Fri, 08/05/2011 - 03:54 | 1525918 DutchR
DutchR's picture

EG, you owe me a new keyboard....


*gets a new coffee

Fri, 08/05/2011 - 04:52 | 1525966 Derpin USA
Derpin USA's picture

That was already brilliant, but the Leo quote at the end just put it over the top. Truly epic lulz were heard by my neighbors.

Fri, 08/05/2011 - 05:17 | 1525989 zhandax
zhandax's picture

EG, you will end up short a few keyboards and screens after that....

Fri, 08/05/2011 - 05:18 | 1525990 doggings
doggings's picture

++  EG, funny as f***  , Leo's "rainman irrelevance" at the end, perfect. :)

Fri, 08/05/2011 - 05:28 | 1526001 Ethics Gradient
Ethics Gradient's picture

Cheers everyone.

Best of luck to anyone who still has chips in play.

Fri, 08/05/2011 - 06:13 | 1526042 J in Vegas
J in Vegas's picture

My chips are in !

Fri, 08/05/2011 - 03:33 | 1525905 Number 156
Number 156's picture

Im fighting the urge to sleep so I can watch. Asia looks horrible!

Fri, 08/05/2011 - 03:38 | 1525912 Pay Day Today
Pay Day Today's picture

There is something grotesquely fascinating about watching slow motion frame by frame footage of a fatal vehicle accident.

Fri, 08/05/2011 - 03:45 | 1525917 Number 156
Number 156's picture

Dont let it bother your conscience, were all riding in said vehicle in one way or another. We might as well take the pain.

Fri, 08/05/2011 - 05:17 | 1525988 Derpin USA
Derpin USA's picture

Did you say fatal vehicle accident?

Fri, 08/05/2011 - 03:33 | 1525906 Tic tock
Tic tock's picture

I reckon...BAC, etc., are being sacrficed to keep JPM alive.


Fri, 08/05/2011 - 03:33 | 1525907 Taku
Taku's picture

Italy just raided Moody's, S&P offices...

Fri, 08/05/2011 - 03:35 | 1525908 experimentals
experimentals's picture

is this gonna be a good time to load up on pms?

Fri, 08/05/2011 - 03:37 | 1525910 Die Weiße Rose
Die Weiße Rose's picture

the only thing that is gonna burn is Bernanke's Federal Arse

after the ECB and Angela Merkel is done with him...


Fri, 08/05/2011 - 03:39 | 1525911 King_of_simpletons
King_of_simpletons's picture

The continuing financial crisis and the pain and squirming by the assholes incharge of world finance is providing me with too much fun.  I crave for more bullshit from these pricks, it is very entertaining.

Fri, 08/05/2011 - 05:22 | 1525994 zhandax
zhandax's picture

Are you talking Europe?  Cause the squid is short and Bertwinkie is praying for it to come down some more so everyone begs him to fire up the Heidelbergs.

Fri, 08/05/2011 - 05:28 | 1525998 zhandax
zhandax's picture

Where did the edit button go?

Fri, 08/05/2011 - 03:39 | 1525913 Number 156
Number 156's picture

ATX down over 10% - ouch.

Fri, 08/05/2011 - 03:41 | 1525914 Tic tock
Tic tock's picture

Bad, bad time to choose to worship Mammon, though, of course, you're free to choose

Fri, 08/05/2011 - 03:45 | 1525916 Tic tock
Tic tock's picture

and lo, he remembered where he put that hammer, yesterday, at about eight o'clock.

Fri, 08/05/2011 - 03:56 | 1525921 A Man without Q...
A Man without Qualities's picture

RBS was down 21% at the open.  Not good for UK govt considering they own 80% of it....

Fri, 08/05/2011 - 04:02 | 1525928 Tic tock
Tic tock's picture

The issue is the 'unlimited sovereignty' of a central banking authority.

The capacity to infuse money into the economy is fundamentally underpinned by that authority.

The question as to the process and conduct of that Power MUST BE JUSTIFIED.

The 'government of the people' HAS BEEN PROVED to be a misnomer. Wherein would the people ultimately accept that their lives be governed by an UNJUST, UNTOUCHABLE  CABAL.

If the Banks will not step back, from responsibilities thay have proved unfit to assume, then they shall be removed from the way.

It would be better if they remembered humilty

Fri, 08/05/2011 - 04:03 | 1525931 Doyle Hargraves
Doyle Hargraves's picture



Fri, 08/05/2011 - 04:10 | 1525937 phungus_mungus
phungus_mungus's picture

The European Central Bank has abandoned Italy and Spain to their tortured fate.
The ECB throws Italy and Spain to the wolves

Fri, 08/05/2011 - 06:10 | 1526035 Ghordius
Ghordius's picture

Blablabla, another comment by  on how the Eurozone is wrong, wrong, wrong. Of course it's wrong, it's "full of krauts, frogs, and..." I don't even know how he calls the Spaniards and the Italians...

Now he is chiding the ECB for not buying Spanish and Italian bonds.

Should then the ECB reverse, he would be chiding it for the opposite reason.

He is a cheerleader for the Pound and the Dollar, what I miss from him is arguments...


He is on the side of the money printers. Read what he wrote on a different article:

"My recurring nightmare ever since the Western debt edifice began to crumble four years ago is that the denouement would track the events of mid-1931, when leaders failed to reform a destructive fixed exchange system (Gold Standard) and the fuse finally detonated on Europe’s banking system. It was when political blunders turned recession into the Great Depression, and ideology intruded with a vengeance."

Fri, 08/05/2011 - 06:26 | 1526053 Tom_333
Tom_333's picture

My presumption is that he refers to them as..."wogs".Britain for the British, or nowadays England for the English.They are a peculiar lot.Queer,gingercolored,enjoying the occasional flogging and buggery.Revelling in the olden days of substandardhousing and going without a shower until they have their weekly bath and leave a black streak around they tub. The last 20 years this has been supplemented with strong influences from their transantlantic cousins which has added obesity on a totally new level and the moronic idea that they can get rich by selling old houses to each other.

Fri, 08/05/2011 - 06:41 | 1526062 Ghordius
Ghordius's picture

Yes, "Wogs, by Jingo!"


Sorry, I am not trying to bash the British - some of my best friends are British. I'm trying to point out some inconsistency in the arguments of the "Wogs-bashers", that's all..

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