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Juncker 'Hoped For More' As Italy And Spain (Oh, And Ireland Now) Get (To Share Same-Size) 'Band-Aid'
So To Clarify: Dropped seniority and overseeing of ESM (unratified) and EFSF rescue funds (which will not be boosted in size) to fund not just Italy and Spain but Ireland too...conditioned on agreeing to EU banking oversight
UPDATE2: The Irish are all-in:
- *IRELAND'S KENNY SAYS WHAT WAS IMPOSSIBLE IS NOW POSSIBLE
- *IRELAND TO GET EQUAL TREATMENT WITH OTHERS, KENNY SAYS
UPDATE:
- *MONTI SAYS EURO LEADERS HAVE NO PLAN FOR BOOSTING BAILOUT FUNDS
- *ITALY HAS NO INTENTION TO `APPLY FOR THIS,' MONTI SAYS
Early morning (drunk-dialing/texting) headlines from the EU Summit that there has been some short-term measures approved in terms of the removal of the seniority preference for ESM/EFSF rescue fund recaps of Italian and Spanish banks (though no details of the levels of dilution, cram-downs, or amounts have been discussed). The market, being as thin as it can be, is ripping higher on this realistically 'not much' news - though clearly someone 'blinked' a little. Headlines via Bloomberg:
- *EURO LEADERS RENOUNCE SENIORITY ON SPAIN LOANS
- *EURO LEADERS AGREE TO OPEN FUNDS WITHOUT AUSTERITY PROGRAMS
- *BANKS CAN RECAPPED DIRECTLY WITH AID FUNDS, VAN ROMPUY SAYS
But it's not all free-money and unicorn tears:
- *MERKEL SAYS EU LEADERS TO CONTINUE WORK ON LONG-TERM MEASURES
- *JUNCKER SAYS WOULD HAVE `HOPED FOR MORE' FROM EU SUMMIT
- *EU BANK SUPERVISION IS CONDITION FOR ESM LOANS TO BANKS: RUTTE
We await news from Germany's 'governing bodies' on ESM ratification.
S&P 500 e-mini futures jumped 15pts or so on the news and EURUSD tore almost 200pips straight up. Both are leaking back notably as reality sinks in (but all those stops are gone now). Gold, Silver, Oil, and Copper all soaring higher as for now only 5Y Treasury yields are really moving higher.
EURUSD exuberance...to less than 1 week highs though...
and ES back to 'pre-Spain bailout close' and 'post-Greek election open levels'...
Charts: Bloomberg
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SURRRRRRPRISE!
To van Rompoy, Hey unelected corrupt asshole, Forgot Finland? Germany?
Hey, who gives a fuck. My mobile phone just rang with a 'breaking news' flash from CNBC saying this shit is fixed up and futures are surging.
What are you implying? That this is rigged or some shit?
Market will like...triple or something. I don't know exactly. But, it's gonna be like seriously fucking great.
Last one in's a rotten egg!
You mean selling 37.00s up to 40.00 - right?
Now we know why there was a late day ramp.
Well, that helps 'recapitalize' the banks also, right? They've only been gaming the market as a back-door bailout for about 4 fucking years now.
Nice to have the entire script before the market opens.
Will someone please ... please just wake me when it's all over ... please? ...
Goldman asked for 1350's with a 'please'. How could you not give it to 'em....they're such great guys and all.
As a follow up to the movie Hunger Games, I'm thinking about writing a new movie script called Oligarch Hunters or Hunting Oligarchs, and a companion first person shooter video game of the same name.
There would be a point system such as 1000 points for a top oligarch, 750 points for an oligarch spouse, and 500 points for each offspring, etc,etc. You get the idea, there are so many possibilities.
It'll probably gross me $100 million easy.
Didn't you hear? Obama finally came out today! He's in the fucking club. This is his coming out party. And he'd better be paying attention.
What happened today - the market was jumping like some big FED stinky USD shart dump. WTF is going on. This morning's futures tick looked rational (down). Even after the FTSE close the ticks behaved rationally (down), At end of market it looked like the tea leafs were singing "happy days are here again".
OK, someone is buying USD's? But who? Could it be the white shooed multi generational psycho-pimp crime family "brokering" the Morgue's 350 Billion (of excess customer deposits WTF!) play from prop desks inside the gypsy bankers' red light shadow district ponzi centers are front running Spanish bonds (again)?
The date March 31 2012 holds some double secret that, fer sure, can explain it all!
On another topic ...
It looks like Bloomberg reporters discovered that the stinky, is indeed, a nice steaming bowel (SP) of nasty doody. Did you hear the joke about the three Bloomberg reporters walking through central park after spending their lunch hour idly hanging around the the park's men's rooms? As they're returning to work with a tummy full of man juice, they approach what appears to be an extruded brown mass on and stop. One reporter says, "That sure looks like shit". The second reporter crouches close to the mass, draws a deep snort, and offers. "It sure smells like shit". The third reporter bends down, scoops some onto his fingers, puts it in his mouth, and, after a second or too running it across his taste buds, says, "It taste like shit too!". They look at each other, and chorus in unison, "Sure glad we didn't step in it!".
Back in March, a ZH Poster wrote ...
One HFT box is trading with itself - well not actually trading - but pretending to trade for the purpose of price discovery,
I guess, if we accept that no-trade offers that are canceled until "the sweet spot" price is discovered (glory be double halalulya), in order to facilitate the one, the only lone HFT box in the universe, between games of chess, of course, may or may not buy or sale shares from, or to, itself can be called market liquidity if that's what the HFT wants to call what it's doing, then, by all means, let it call it "liquidity".
In a June 21 Bloomberg story titled, Wash Trading by High-Frequency Firms Said to Face U.S. Scrutiny, a Bloomberg hack finally assessed the smelly expensive gourmet pâté slogged down as a lunch appetizer was really just a fresh turd from the chef's cat box ...
So-called wash trades, in which a party buys a contract from itself, could be executed inadvertently by firms with multiple algorithms active in the same stock or derivative, said the people, who requested anonymity because the review isn’t public. Such trades, which can alter the price of shares if they are executed above or below market rates, would be illegal if deemed intentional efforts to manipulate stocks.
How much does the short guy pot head mayor pay those limp dicked lump sucks anyway?
Both are leaking back notably as reality sinks in...
Nope. Not leaking back at all at this hour. Like I said earlier, how is this going to make earnings better for US companies who are all going to report shitty quarters?? How will this resolve all the issues our government can't even fathom regarding a "fiscal cliff". How will this....never mind - it's party time!
The people of the forementioned nations (Germany, Finland) are forgotten, consistently and deliberately.
I live in one of the them, and by God, I'd hope to see a bit more reaction from the people due to all this bullshit.
But no, I guess we the sheeple have been conditionalized - perhaps by some chemical substance in our mother's milk already - to not truly conditionalize our mainstream media and leaders.
It makes me a saaaad panda...
If you live in Germany you should be pissed beyond pissed, the weak and crappy countries of EU will leech off the ESM/ESFS at your expense. Merkel will be panicking and probably end up with a heart seizure after the hedge funds of the world blow bunds into the ground.
Europe is a mess.
I sending my capital out of Germany like there is no tomorrow. Thnk good that we have 2 passports.
The Euro is nothing else than Versailles II. The fucking French insisted on this shit, now they should go and shove it up their XXX.
You can't help but laugh at the Germans, they must be stupid or something. Versailles was imposed. This is volontary. This is a method of looting Germany. For what? The glory of Europe? Germans are the world's stupidest losers.
a scaled out view of this move in crude and 6E - http://hedge.ly/L6jTBq -- notice the volume of 6E.. dwarfs last 8 hours of trading..
CNBC Asia reporting new Central Bank fund to be formed in Europe to recapitalize all the bad banks.
Wow, I knew they would solve the problem at the worst possible time for the bears.
The can shall be kicked!
"So let it be written. So let it be done."
The can called and said they are running out of road....
Its a Festivus Miracle!!
Festivus for the best of us!
Its a VIRTUAL GLOBAL JUBILEE !!
errr...a virtuous local bloke party.
ooohh...a tempest in a teapot...with incoming can kicked and then to carrom into the fan blades.
Its a sh*t filled can.
Welcome to the Saturday after.
Doin' it at the park. Doin' it after dark.
/whisper
@robo Are you serious? They are proposing a new central bank? Got a link. I give up.
Fuckitfuckitfuckit!
Solved with what money? German constitutional court is blocking ESM. German president Gauck said, he will not sign ESM into law before cleared by German constitutional court. Today new lawsuits were filed against ESM in Karlsruhe. Lot's of work for the constitutional court.
But maybe the Spanish can rescue the Italian and the Italian can rescue the Spanish. All will be fine, LOL.
Sounds like a good time to really short the Euro.
Poor Doug Noland once again will have to report this weekend that the bears had to endure yet another "Rip Your Face Off" rally.
LOL....
No, the bears had to endure another "Change the rules when they work against you!" rally.
Don't know what your think people are shorting, but I've got puts I bought on C, MS, ANR, FSLR, X, GRPN and RIMM in April and May and they're all deep in the money and I've been rolling these puts down in strike and out in duration since December with lots of profits locked up in cash. You're not stupid enough to short (or go long for that matter) an index like DIA or SPY are you? Yes, I believe from your previous comments you might be. Oh, and if you want to get in its still not too late to buy puts on any or all of these as all these money losing companies are going to zero-so strike price is relatively unimportant-just choose long duration, say January. Can't imagine anyone stupid enough to buy anything at these levels with a world wide recession in the offing.
the trade bot would be triggered even on announcement like "EU leaders agree to have a pajama party together"
Drunk texting FTW.
If we cannot make babies, maybe we can make some time.
Thoughts of pretty you and me, Erotic City come alive.
We can print until the dawn, making cash 'til ink is gone
Erotic city can't you see, print so pretty you and me.
Which should have a half life of an " AMOEBA"!
Look at them! They are all working sooo hard to save us all!
They're like a bunch of superheroes out to save the world.
Behold!
/sarc
Wasn't this just two articles before this?
I love how everyone still pretends like this is in anyway legit from time to time. You know, when it's convienent.
Nigel Farage : This EU is now a Union of Debt
http://geraldcelentechannel.blogspot.com/2012_06_28_archive.html
"Nigel Farage is so right on so? many issues. I also love how he gets in these technocrats faces! This world needs more men like The only real solution is a total credit reset....to wash clean ALL debts....home mortgages, credit cards, etc.....ALL debts erased and the entire world markets will start afresh. Damn banksters and politicians have robbed and lived like kings....let these banks fail and put these crooks in prison. ? Eliminating mortgages, credit card debt, etc. is only a small token compared to what the banksters have stolen from us. "
China eyes yuan convertibility as it sets up trial zone http://www.bbc.co.uk/news/business-18639212
Ben and Timmay shitting pants ;)
I just shorted the Euro $100K. I should be rich by morning. Thanks EU idiots.
dumb fuck....its tomorrow and you are sunstantially underwater and in a short squeeze
although i suspect your post is bullshit
So is it free money, or almost free money, or money with pledges of gold, or free money if X is done with the support of Y without offending Z?
I can't figure it out anymore. ES can drop 1% in 30 seconds or rise 30 seconds later. It is impossible to react.
Can we stop calling it a "Market". It exists as HAL, or Skynet, or WOPR, or STEVE. It can only ramp if proper words are plastered in headlines. Any mention of "Merkel" followed by a "0" will result in a 1% increase within 5 minutes. A headline with "Merkel" followed by "dead" will result in a 10% ramp within 30 seconds.
Just like how a headline of "Tropical Storm" with "Gulf of Mexico" sends oil futures up 2% in seconds.
SkyHALOPR9000 is self aware and exists for the sole purpose of separating you from your wealth. The only winning move is not to play, or is it that judgement day is inevitable, or that the bay doors are closed.
In every way possible we're fucked.
One well placed mini nuke. That's all I ask for.
It means nothing until Germany states their position.
Monti just said grounds have been laid for eurobonds. He must have poiosned Merkel's food.
I'm not surprised that this announcement was made the night before quarter end.
Just in time for the fabled "Quarter End Statement Print".
All major indexes will close the quarter still green for the year.
Yeah, funny how that shit always happens. Rigged? Naaaah. No more than the LIEbor, anyway. ;-)
I was starting to worry that my fellow Americans and I would not be enjoying the prosperous fourth of July we all deserve.
Are staying long? If so, you are stupid. This pop will not hold. I've already made $13K shorting the Euro from the pop. 20mins. Easy money for the Bear.
very true, the bad news is, the next quarter starts monday
and in less than 24 hrs Merkel will deny
and how much money is needed for all these bank bailouts?
As much as it takes and a little bit more. Don't be fucking stupid.
Money is a concept for fucking suckers. Why anyone would ever pay back a bank loan is beyond me.
Doesn't matter the total: is too much to repay and we all know that.
How much is enough/needed for each mini-bailout iteration is the game we are playing now.
You want the real number or the press release number?
real will do...
The massive (dxy) selloff was/is epic. I love it. Mean while the fed can't muster better than a 2.6 bid cover on twisted 7year notes!
More EU maybe we will and maybe we wont. Ain't nothing but a set of blue balls gonna come out of all these EU promises to put out. But god my alogs love the volatility. Any bet on how long the exuberance lasts? 90mins...?
Won't last till the Europe markets open.
*MERKEL SAYS EU LEADERS TO CONTINUE WORK ON LONG-TERM MEASURES
Thank God for that. I thought they might stop. As long as they "continue to work" all will be well. I am sure, sure, they will have an agreement in place by 2020. Oh this is great. Buy Europe.
UPDATE:
didn't think so. :)
Thin?!
15 points straight up on 450 contracts in 4 minutes for the ES...
See, this is easy... With my eTrade app on my iPad I placed the trade after my mom left and I have milk money for the rest of the week... Time to check out the chicks in the next crib over... Blythe is that you!?
Timmah, Sacks lets party dudes.
WHAT? I think your charts are way off.
Dude,
6 tick reversal volume at price chart.
20:44 mtn volume=20 total contracts
buy volume =17 contracts
sell volume =3
price 1321.25
20:48 total volume =450 contracts
buy volume 413
sell volume 37
I have 3 services
Velocity TT Platform
DTNIQ feed on MarketDelta
Zenfire on NenjaTrader
They were all identical.
Thanks for the observations though. Looks like you were using 5 minute charts which compile the data over a much longer time frame than the 6 tick reversal.
Fidel,
I owe you an apology. Your right.
I have 2 broad band connections running through a dual WAN router and something seems to have gagged...
I'm taking the network down and will be replacing the router today.
I'm sooooooooooooo glad you posted. It saved me a fortune. First time that this happened.
Again thanks and mea culpa
No problema, Rasna! Was just trying to help, which is why I took the time to be so detailed.
My god, this is some pathetic shit.
The statement says they will create an overseeing authority by the end of the year to allow EFSF and ESM funds to recapitalize banks of countries that agree to demands, and are well behaved.
HOW IN THE FUCK DOES THIS ACTUALLY HELP THINGS RIGHT NOW?????!!!??!!?!?
The market jumps over 1% on this? The end of the year is an eternity in the marketplace. At some point the ESM might allow banks to be recapitalized through the ability for nations to sell bonds to the ECB?
Hasn;t this already been said 1000 times already? Nothing is actually really being done, it'sall just BS rumors and BS conjecture and the rip your face off rally commences yet again. Just to claim things are fixed before the USA goes apeshit crazy in August once again. Then you'll hear all about the USA destabilizing markets while Europe is fixed.
FUCK THE FARCE WITH A 18" SPIKED DILDO TIPPED WITH CYANIDE!!!!!
AAAAAAAAAAAAAAAAAAAAAAAAAAAAAAAAAAAAAAAAHHHHHHHHHHHHHHHHHHHHHHHHHHHHHH
The Spanish and italian banks will both need capital controls to prevent complete loss of all deposit capital due to the on-going bank runs long before the end of next month much less next year! Tres Amusant, as the French Banksters might say as their bank runs start.
Fool me once, shame on you. But this is the twentieth summit and I just fell for it again. Will this never end?
Let me help, "buy" the hype. Here have some Kool Aid it'll help facilitate understanding.
Last 11-min = 64% of all SIZE orders on the buy side, which isn't surprising; however, mkt back to where it was 11-min ago as offer-jamming stopped over 37.00. Now coming back on puny size. Loved that 37.00 & up short...for a scalp.
Insisiting on numbers and arithmetic to solve these issues is soooo passe. Instead, please rely on intentions and best wishes.
Life is way easier if you rely upon the wisdom of your superiors to guide you. Objective reality is a dream, bought to you by Atari or Intellivision.
DUDE, I SO ROXXOR HIGH SCORE ON OREGON (DEBT) TRAIL!
The 4th of July will provide ample time for another European Cluster Fuck, before the ECB prints next week!
What a farce!
Yet another surge in ES. Bears holding June and July puts have been sodomized by TPTB.
Its going to be a huge weekend out at The Hamptons for the PigMen.
Ukranian Escorts are now on the way to JFK on Virgin Airlines.
i know, i know, you bought 10 shares of SPY. It won't make you rich.
17 handles on the ES and cruising higher.
Is this it? Is this the IN YOUR FUCKING FACE moment of truth? Just force the fucker up to, say, 1600 or so and just go for it?
At some point, they're going to have to 'TRY IT', at least. They'll go for a limit up day. Count on that shit.
Boilermaker I feel sorry for that last limit up guy on the" HFT bus". He is going to get " Pan Caked" Event Horizon style!
Don't underestimate the desperation and how fucking utterly stupid this can and will get. The only thing holding anything back is the last bit of resistance to completely destroying currencies as we know them.
This is going to get unfuckingbelievably pitiful and pathetic.
You have to give some credit to the Italian Soccer team for beating Germany into submission. Herr Angela fully blinked at that point.... her mind raced back to history.....she figured the Italians and the Spanish were our friends in WWII and they kick ass at soccer , we need to give them a helping hand, how do we do this? ..
hmmmmmmmmmmm ........maybe if we remove the seniority clause on the money we give them things will perk up and it won't cost a dime... hell, we are even taking garbage as collateral as we rank the shit we take in any way we like.......let me quit the game and deal with this brilliant idea .... and voila WAVE 3 UP in GOLD, COMMODITIES AND the STOCK MARKET.
Good luck all!!.
i've read all these comments - this is getting old. us, europe and japan are broke. the rest of the world needs to adjust.
Hearing China central bank will cut rates 0.5 percent in the morning to try and get some more moment with this rally. I'm getting out of all my shorts and pronto.
Central banks CUT rates when things SUCK. But why would that matter now? Everything's bullish.
Yep, when Brazil started cutting their rates that's when I bought puts on EWZ (it was over 60 at the time). Now EWZ is at about 49 and falling. Rolled my Jun 60 strikes down to Sept 50s and I'm already ITM.
Could be a brutal short sqeeze about to hit, brutal in the sense capped at June 20 highs S&P 500 all other risk trades.
I was long gbp/usd . did ok. i wanted to get long aud/jpy on the m-5 chart and thought nahhh. it was ripe entry, all the signals.
I'm thinking risk off friday and Euro can kicking. Could have done much better!
messed up on futures (not FX) because i didn't think the June 20th (market top) would be set again. AUD is screaming at a capped June 20th risk rally. Oh well. Rally is on.
sell from the june top.
Chump I have EBS access, if you want option expirations. Vanilla,Digital,DNT, simple... ect.
trading fx options is a walk in the dark. Too much liquidity/vs cost. Being short aud is a pretty good bet.
Their 10y bonds are at historic lows, and even nat gas has a bottom!
Futures as in index trades s&p, dow etc
fx for me are proxy/correlation trades, so looking at the market top for June which is the 20th as a possible stop/short entry. the aud, is pefect against the s&p for rolling correlation, and there is a 1.02 top.
this panic meltup is all jawboning. but a lot got squeezed, so there should be a rally on open (big). then the sell into july.
payback is looming...
chump666 Payback is looming . Are you just trading New York? The perfect proxy is ( krw/cny) & ( inr/cny)=
(cny/usd)
noted. thanks. yeah USD bids should cap equities.
as for payback...f*ck yes. my instincts said 'watch those dumb ass Europeans..." but thinking, get a quick trade in and take my sexy neighbor out for drinks.
lesson kids: think with gut, not lower external organ. ok!
BTD
wouldn't ge to horny about madness coming out of the EZ. but yeah rally into next mth.
Imagine how much the market will go up on the day we are all called in to our respective FEMA camps! I can't wait to be rich!
Fucking genius.
An underfunded EFSF, a non ratified ESM, and a promise to define conditions.
Also is "dropping spanish senority" implicit or explicit?
Further them kraut bastards at the German Consitutional Court are not going to be to happy about the ESM now being used to directly re-cap EU banks. In fact the have explicity have suggested that such an action directly contravenes the german "no bailout" clause in the GERMAN constitution.
Alas it is the end of the month and the end of the quarter, and this is being spun as a hail mary, (when in fact it is at best a lateral pass) but career risk so +500 tomorrow.
#btfd
ps- did i miss the part where the EU money tree came up with the $2-$3T necessary to re-cap the EZ banks...asking for a friend.
You missed an item, liz. The ESM charter wording ITSELF says all other loans are subordinate.
They would have to rewrite the ESM documents and those countries that already passed it will have to revote. And of course Germany hasn't voted yet.
This really doesn't sound solid. I doubt Merkel agreed to all this. She probably agreed to go to bed and let them say whatever they want.
Tyler needs to admit he is wrong. I never see the Tylers say, "You know what, we have been dead wrong on this. We have been short for three years on stocks, bonds and Euro/USD and we have had our butts handed to us." Part of being a good analyst is saying we were dead wrong. Every time the Tylers are wrong they try to justify their view instead of just saying we got caught on the wrong side, sorry.
Im pretty sure the mantra from ZH has been to buy precious metals over the last 3 years and not to short stocks.
But, hey, it's your ignorance. You're entitled to it.
If a guy says the ship is sinking and you start bailing, you might delay the end for a bit. You may even gain a bit of ground and rise up. Doesn't fix the giant gaping hole in the compromised hull. You can shout, "You're wrong, we aren't sinking." all you want.
You're still gonna drown.
There's a related issue.
The ESM verbage is in place and it DOES require subordination. A few countries have ratified it. If the verbage is to be changed, then the relevant Parliaments will have to revote. Not to mention those countries who have not voted yet.
It is not clear that this works. Some of these rules required only that Finance ministers vote, but I thought the ESM required German parliament and high court approval.
This does not look solid to me.
WOW so you read ZH pretty closely right? Or perhaps you do but just don't UNDERSTAND what you are reading.
Show me were ZH has recommended shorts.
Last couple of trades the "tylers" recommended were long CHK, and going long Spanish English Law bonds with a negative pledge. They also recommended a spread trade between the EZ banks that took a massive amount of LTRO money and those that didn't.
So again can you tell me where in the last 3 years the tylers have recommended blanket shorting of stocks/bonds and EUR/USD?
If you would prefer a momo "10 things you need to know" with a 25 part slideshow may I recommend Business Insider. You will be a perfect fit over there.
Sweet beat down lizzy! May I also suggest the losers at MarketWatch? He'd just love the stories and bloggers there.
What exactly do you think ZH is?
It's a blog with ads on it to earn click revenue from traffic. Hell, some of the comments in the threads are designed to make people reply more.
It's not an investment advisory site. None of those have any value at all. ZH is a high traffic click/ad funding generator for the owner. It has some quick response information that no one can trade on anyway because high speed computers have already reacted.
It's mostly for entertainment and information from a reader perspective, and it's for click/ad money generation for the owner. What the hell were you thinking?
Just in case you missed them:
http://www.zerohedge.com/news/disclaimer
http://www.zerohedge.com/node/13972
This isn't some useless "trading service" or "analyst". You should stick to Cramer or CNBC if you want money losing ideas. I've never read a single Tyler article suggesting a trading idea, long or short, nor has any attempted to predict the future of manipulated equity prices-those the manipulation via HFT has been very useful information for astute traders. However, those wise enough to have followed the articles on JPM "hedging" problems from a couple of months ago might have, like myself, bought PUTs on JPM long before its recent huge gap down and, despite its recent slight recovery, said puts are still deep ITM with lots of profits.
On second thought this scorching move up in everything risk could be just a correction up of the drop to suck in new bulls and wipe out stops on all shorts and the real dump start Monday once everybody is all in................
Ohhhh...... the games people play.....
By the way Monday is a new month , we can dump at that point.....
I keep hedging volatility, to play it safe. Then these rip your face off moves come, and I'm glad for a few scraps!
If this shit actually solved anything, Gold would have crashed not spiked. No political/fisical union...no cigar
Bull-trap bitchez!
CM
So was this all discussed at the Bildeberg meeting? Is this why gas prices in most of the country only fell about $.30 during the time oil fell $20?
Was the drop just a con to set up another massive BS leg up for the well positioned Fifth Ave set?
I can hit a quarter from 100 yards with a simple stock sporting goods store rifle. Switching target types is starting to sound good. Who's in for some practice?
Okay Boilermaker, fine then change the name of the blog from ZeroHedge to Buy Precious Metals. They sure do a lot of analysis on stocks, bonds and currency all negatively biased. So hats off, they got the gold trade right! Their stock, bond and FX calls stink.
Show me where they've made investment advice on equities and / or shorting.
The "Unicorn Tears" made me smile
Follow the yellow brick road...
It doesn't even have to be a real rumor, just a fig leaf for the eoq tape painting will do.http://www.youtube.com/watch?v=IwwuZr6H1LQ&feature=results_video&playnex...
Fine they are a one trick pony. Buy gold, silver and platinum. They are Goldline or G Gordon Liddy.
Wow what a clusterfuck.
Translation: banker overpaid for their stock, now needs to dump it onto unsuspecting day trader who is about to get his face ripped off.
Lets get down to the real important matters...like how much Banker Bonus money do we take out of the $30 billion bailout cashola....and don;t forget the little matter of our fat commission for all the work we've done "saving the financial system."
A decoupling of sorts is starting to happen ES going down ... gc going up
Just a bunch of blah, blah, blah. The stage of euro actors have been hired to keep the drama going until the US election is over, then Uncle Ben will print some money for the EZ. Germany is tapped out and there is no one to step in and "fix" their problems. All assets have be hypothecated and re-hypothecated until their is nothing left. No one, not ever the Chinese, wants to buy any of the ponzi debt bonds. They are quickly running out of monopoly money to bid up their own game. The only way they "kick the can" is with the dollars Uncle Ben will print in a couple of months.
All you need to do is answer this one question: "What are they waiting for?"
My answer: For Uncle Ben to feel the Deflation monster breathing down his neck and ramp up the printers to build some much needed inflation. Let that dollar get a little stronger and we will see Bernankster squirmin' like a worm on a hook. Bernankster and his punk Obuster are begging the EZ to hang in there with some rumors and games for a couple more months.
I repeat, "What are they waiting for?" They know the problem. They have only one solution. Why are they waiting?
The solution is the MASS ARRESTS and the virtual dissolution of the federal government that is on the way... http://tinyurl.com/cd5cyjo/
Fade this, the Asian markets always read these things wrong, witness the Spanish Bank Bailout.
Yep, the Asian markets are always a trailing indicator. Just as they need to copy/steal most modern technology and science from the West, they are at their best imitating, not creating something new. Might be all that collectivism built into their culture-required when people are packed wall-to-wall in a resource limited region.
If buying old debt that will never be paid to pay for new debt that will never be paid is bullish, why isn't the US dollar soaring?
It's working well for the Euro and the Yen?
EURO LEADERS AGREE TO OPEN FUNDS WITHOUT AUSTERITY PROGRAMS
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Maybe they read this and said wtf is the use-
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“For most Europeans, almost nothing is more prized than their four to six weeks of guaranteed annual vacation leave. But it was not clear just how sacrosanct that time off was until Thursday, when Europe’s highest court ruled that workers who happened to get sick on vacation were legally entitled to take another vacation.
http://www.acting-man.com/?p=17987#more-17987
"I'll gladly pay you tomorrow for a hamburger today"...well Italy and Spain have their Hamburger but will they be prepared to pay with the promise to hand over control of their banking system to Germany.
Not tomorrow... Tuesday.
We would like to say.......
We have agreed......
To solve um er the problem.......
I mean all the problems.......
With the magic of this vanishing debt cream.
Works so good - you don't even know it's working. But for just $19.95 trillion Euro's you to can be a country that is debt free, just like Greece, Ireland, Spain, Portugal and soon to be Italy. Plus we will toss in this Spiderman Towel.
We would like to say.......
We have agreed......
To solve um er the problem.......
I mean all the problems.......
With the magic of this vanishing debt cream.
Works so good - you don't even know it's working. But for just $19.95 trillion Euro's you too can be a country that is debt free, just like Greece, Ireland, Spain, Portugal and soon to be Italy. Plus we will toss in this Spiderman Towel.
Woooo, take me to the danger zone.
Since they all lie - some - but not necessarily all of the time (but who can tell when?); it certainly makes for some nonsensical headlines.
what was impossible now is possible. What a fucking illogical statement!
http://www.eubusiness.com/news-eu/summit-finance-debt.his/
(I'm a n00b so please guide me )
0) make borrowing easy and cool
1) let bankers issue insurances for the biggest risk markets in the world with a leveragen of 1 gazillion
2) blow up the (lending) risk markets bubbles
3) let counties bailout the banks that own the failed insurance paper (all of them)
4) let the countries pay for the failed banks
5) create an institution that controls all banks by means of so called centralized banking oversight and regulation
6) let the countries be the debtors of the institution
7) rule over the countries and the banks
there should today be no doubt that much suffering is to come...the massive debt bubbles that have inflated in the past decades must burst...there is no fault without awareness...
Euro=Gold, Debt=Wealth ... it's almost official now. Gold traders are dumb. The EU is dumb. Bankers are dumb.
Euro=Gold, Debt=Wealth ... it's almost official now. Gold traders are dumb. The EU is dumb. Bankers are dumb.
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EUR:GOLD 2001 = 280
EUR:GOLD 2012 = 1250
Yep--EUR:GOLD exactly the same-
Sounds like a bad case of sour grapes to me-
Last 1597.20 +45.20
Where are you now eh?
drunken telefunken, BiCheZ!
keep drinking tyler!
spain will beat italy.
The Euro is saved! Once again! For about half a day.
If this is all they accomplished, this would be seen as an unmitigated disaster. Perhaps Soros and his three days to Eurocalypse isnt too far off.