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To Lever EFSF or Not Lever EFSF, That Is The Question And Whether 'Tis Merkel Or Juncker, It Appears We All Suffer From Uncertainty
The last few days have seen a veritable avalanche of to-ing and fro-ing among the various players in the Shakespearean melodrama that is Europe. While their quotes and headlines have all too often just run in circles, we thought the compare and contrast of Ms. Merkel and Mr. Juncker was particularly intriguing, to wit:
*MERKEL SAYS MAY BE NEED TO RECAPITALIZE BANKS, NOT YET SURE
*MERKEL SAYS CRITERIA NEEDED TO ASSESS BANK CAPITALIZATIONS
*MERKEL SAYS STATES OR EFSF CAN RECAPITALIZE BANKS
*MERKEL SAYS EFSF CAN BE USED AS LAST LINE TO RECAPITALIZE BANKS
*MERKEL SAYS EFSF FOR USE ONLY WHEN EURO AS A WHOLE IN DANGER
But...
*JUNCKER SAYS EFSF COULDN'T HANDLE ANY ITALY RESCUE
*JUNCKER SAYS MUST USE EFSF AS EFFICIENTLY AS POSSIBLE
*JUNCKER DOESN'T SEE ECB INVOLVED IN FUTURE EFSF LEVERAGING
*JUNCKER SAYS EFSF CEILING SHOULDN'T BE RAISED
*JUNCKER SAYS EU CRISIS RESPONSE IS LAGGING MARKETS
Source: Bloomberg
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Yesno
Where are all these broke nations getting imaginary money from to establish a magical bail out fund?
They are all printing at the same time and throwing everybody off guard. You never know which way to trade because they will switch the story at a moments notice.
When a woman says "No" she means NO!
Don't you know what NO means?
'Maybe'?
What does it mean when a women says "My little nightstick's going to get a workout tonight"
http://www.youtube.com/watch?v=lBxPzhXFT6c
Major Cog dis.
stresstest anybody?
Stress Test? I'd rather have some Percocet instead.
last ramp today folks! then we're diving, real deep this time, me think 1010?!?!
This is like watching a suspense thriller movie youve already seen 50 times. You know the ending.
Esp in the light that JCT took part in the meeting which outcome Merkel "declared".
Was more intrigued about all the talk about "more control + regulations" on international money flow
Maybe
D'OOHHH!!!
The bot code is 'uncertainty = buy buy buy'
Well, actually, in bot code everything = buy buy buy.
We're agreeing as we go along... possibly... it's all good maybe
New EU resque programme to be called Schizophrenia.
if i were a politician, earning a big fat salary, great pension, and of course inside info on stock markets, i would say whatever necessary to pad my pockets!
THAT is exactly what is going on, regardless of motivations.
These people have been instructed that news reading algorithms are keyed to certain words the bullish programming wants to hear.
Agreement. Cooperation. Recapitalize the banks. Provide funding to Greece. "Default will be avoided". "Take action".
Look carefully at the headlines and how these phrases dominate over the past 72 hours.
The correct answer is the V bottom is in. Big money is now buying and ZH is letting another one slip away with doom and gloom instead of trading the market in front of you. 100 handles of profit doesn't ask you how you made it!
Go back to Yahoo! Finance. Fuckin idiots talking about their '100 handles' and 'smart money' piss off ya dick.
Suit yourself bubba!
Replay of "V-Bottom of the hour"
By the time the EFSF is approved for the new things it will be used for it will have been used up by the things it failed to do before.
The lifespan now for all this garbage is 48 hours at the longest.
Dear God it's like watching Statler and Waldorf...
+100 - ex-fuck-actly
http://www.onelargeprawn.co.za/2011/09/02/imperial-march-dubstep/
another Eyes Wide Shut...Everything Looks Good Rally Day =)
They should get a room and leave us alone.
Pass the popcorn, the talking heads are starting to explode.
Repackaging the same old bullshit day after day.
So now that everyone has learned a severe lesson about madcap leveraging of everything under the sun which got us into this shitstorm in the first place, and promise theyll certainly never do THAT again...their answer now is to take totaly imaginary money and leverage the shit out of it to get them out of it. Wow brilliant, this should end real well.
Not to mention system-media is playing "news" that a leverage would NOT increase our payment/liablity if CALL happens.
double doulble double double double double double triple down baby
Confused?
You won't be, after the next episode of...
"Soap".
And then one in bold type:
MERKEL SAYS GERMANY RETURNING TO DEUTSCHMARK
:-)
The usual ON-OFF-ON-OFF strobe light trick, to puzzle Mr. Market.
"Uh .. oh .. everthing is spinning ... I better buy some stocks"
lol exactly. who knew equity markets could function as financial dramamine.
Does anyone know when the next German election is? I am sick of hearing and seeing Angela Merkel!
A banker-wanker named Juncker
Took Merckel out in his cluncker,
But when he made a pass
Zee fraulein passed gas,
What else d'you expect from a chunker?
Rumor .... Greece cheated; printed euro's and now the other PIGs know the loophole. No control.Euro about to Crash!
Greece is busted, Dexia is too big to absorb. French banks are exposed to both and will also blow up, taking most of Europe's other large banks and some countries with it. Then it comes here to the USA with Morgan Stanley and Bank of America the first to go.
These guys are all thrashing around dropping impossible solutions trying to buy time - because they have no solution.
CDS domino will find its way thru.
Got PM? And get RAVIOLI! Domino will happen fast and then no food avail for some days. Get teh fuck prepared.
In the meantime, here comes the "3-day rally" sell-side "upgrade" flood. Gotta keep the lie going just enough to sell off at highest bid possible.
European Central Bank commits suicide
Michael Mross (www.mmnews.de) Interview on Russia Today:
Our central bank is committing suicide. On the one hand they are helping banks with billions and billions. They are buying junk bonds, billions and billions. I mean, where does this lead to? It is one of the last nails in the coffin of our central bank.
see complete interview:
http://www.mmnews.de/index.php/english-news/8633-european-central-bank-commits-suicide
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