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Latest Unsourced Rumor: ECB Rate Caps OFF

Tyler Durden's picture





 

Rumor - Reaction? - Denial. And so the shameful and ridiculous floating of whatever strawman argument any and every news agency will delightfully post goes on. In somewhat ironic timing, given our recent rebuttal of the likelihood of ECB rate caps/targets as anything but a failure, Reuters is reporting people familiar as saying:

  • *ECB UNLIKELY TO SET YIELD CAPS IN NEW BOND BUYING: REUTERS

Is this what Draghi is staying home for? As we noted previously it is clear that consensus is a long way away on the Governing Council. Meanwhile, it seems this is more than enough to stoke hopes of an alternative bailout as stocks rally out of the US open. Sigh.

 


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Tue, 08/28/2012 - 09:43 | Link to Comment vinayjha
vinayjha's picture

Robo computer doesn't read whether its rumor or reality. All it knows it screw up the market.

http://www.freefdawatchlist.com/2012/08/proshares-ultra-vix-short-term-futures.html

Tue, 08/28/2012 - 09:48 | Link to Comment GetZeeGold
GetZeeGold's picture

 

 

Bailout 1044

Tue, 08/28/2012 - 09:55 | Link to Comment Short Memories
Short Memories's picture

Where do these drive-by comments originate?

Tue, 08/28/2012 - 10:03 | Link to Comment maxmad
maxmad's picture

When the smoke clears, the market implodes-years down the road, it will come out that the entire financial market was being manipulated by Bud Fox.

Tue, 08/28/2012 - 09:44 | Link to Comment Abraxas
Abraxas's picture

It's ultimatelly all upon one ring to rule them all. The Fed.

Tue, 08/28/2012 - 09:47 | Link to Comment SheepDog-One
SheepDog-One's picture

No thats not the plan, the Fed is over, heres the new thing planned for many decades. JFK WAS PART OF THE NEW WORLD ORDER. - YouTube

Tue, 08/28/2012 - 10:12 | Link to Comment SheepDog-One
SheepDog-One's picture

LOL, people are SO fukin stupid. You get nothing.

Tue, 08/28/2012 - 10:22 | Link to Comment Manthong
Manthong's picture

Which documentary was that JFK UN report clip taken from, please.

Tue, 08/28/2012 - 09:50 | Link to Comment Jlmadyson
Jlmadyson's picture

Time for a new rumor and/or Bernake will save us all and that includes Spain, Greece and Italy.

The Circle of BS will continue.

That is until Greece falls off the map which if they make it to Nov will be a miracle. But hey ya know secret plans and all.

Tue, 08/28/2012 - 09:46 | Link to Comment SheepDog-One
SheepDog-One's picture

Sorry, things are too retarded to even comment on anymore.

Tue, 08/28/2012 - 10:11 | Link to Comment LeisureSmith
LeisureSmith's picture

Retarded? I'll give you retarded: Ben Stiller is Case Shiller in the new movie Home Price Killer and the best beer in the world is Miller. And in the xxx selection you have: Assholes smoking poles at Jackson Hole. Or LTRO, what's more retarded than that? Don't give up Sheepdog, the retarded is only getting started.

Tue, 08/28/2012 - 09:47 | Link to Comment Boilermaker
Boilermaker's picture

How many trial balloons can be floated to keep the market up?

 

Tue, 08/28/2012 - 09:55 | Link to Comment Dr. Engali
Dr. Engali's picture

Die already will you?

Tue, 08/28/2012 - 09:56 | Link to Comment eigenvalue
eigenvalue's picture

Latest Rumour:

  • DRAGHI CAN'T ATTEND THE JACKSON HOLE FORUM BECAUSE HE IS PREGRANT.
Tue, 08/28/2012 - 09:59 | Link to Comment magpie
magpie's picture

The EU is not Zimbabwe

Tue, 08/28/2012 - 10:20 | Link to Comment GetZeeGold
GetZeeGold's picture

 

 

It's worse.....there's no gold in the river to pan.

 

Tue, 08/28/2012 - 10:02 | Link to Comment Boilermaker
Boilermaker's picture

True, but I've heard that he's just a 'little bit' pregnant.  So, perhaps he will attend.

Tue, 08/28/2012 - 10:15 | Link to Comment lolmao500
lolmao500's picture

Good news if confirmed.

Tue, 08/28/2012 - 10:27 | Link to Comment adr
adr's picture

The, "no I want to hold stocks at the highest value when the central banks buy them" rally.

Or "Bernanke's search for the greatest fool"

Everything is always roses on the way up. Stocks have become the new $200k home that will triple in value every five years. You shouldn't have believed then, and you shouldn't believe now.

Tue, 08/28/2012 - 10:38 | Link to Comment Boilermaker
Boilermaker's picture

....AND, there goes the magic buying spree into the REITS.  Right on cue for the daily unexplainable but in-yo-face ramp job.

Tue, 08/28/2012 - 10:41 | Link to Comment Thought criminal
Thought criminal's picture

The market is bouncing up and down like a cheap hoe today.

Tue, 08/28/2012 - 11:12 | Link to Comment SmoothCoolSmoke
SmoothCoolSmoke's picture

Here's the near term "can kicking schedule":

1. Jack-ass-son Hole, kick to:

2. ECB meeting, kick to:

3. FOMC meeting, KIck to;

4. German HIgh Court vote

 

Tue, 08/28/2012 - 15:19 | Link to Comment resurger
resurger's picture

CD

Tue, 08/28/2012 - 17:16 | Link to Comment steve from virginia
steve from virginia's picture

 

The central banks can't save anything.

 

If they save themselves they will be lucky, there is also nothng else they can do. Their bosses can wave their hands and lie.

 

There is no good collateral remaining in the EU except some 'physical assets': not nearly enough of these to meet demand for new credit. There are no more risk-free assets in the EU, not even bunds. Anything the central bankers actually try will accelerate the continent-wide bank run that is already underway.

 

This is a currency-risk run out of euros rather than a balance sheet-risk driven deposit run out of bank accounts. The euro swan song is underway.

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