• Sprott Money
    05/06/2016 - 06:03
    The US, in its own decline, is showing this same self-destructive tendency. The worse things get, the greater the inclination of the citizenry to say, “Carry on, everything’s fine.”

Market Chatter Of Greek Default Over The Weekend

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Fri, 09/09/2011 - 09:03 | 1650209 SeverinSlade
SeverinSlade's picture

Bullish.

Fri, 09/09/2011 - 09:26 | 1650214 spiral_eyes
spiral_eyes's picture

bullish for stocks, etfs and corporate debt.

Fri, 09/09/2011 - 09:33 | 1650325 spiral_eyes
spiral_eyes's picture

Nassim Taleb came out with this gem today:

"The triplet. Three bankruptcies that would save the world from fragility: 1) Goldman Sachs, 2) Harvard University, 3) the New York Times."

Fri, 09/09/2011 - 09:35 | 1650359 LoneStarHog
LoneStarHog's picture

4) Warren Buffett 5) George Soros 6) Karl Denninger

Fri, 09/09/2011 - 10:03 | 1650487 GeneMarchbanks
GeneMarchbanks's picture

OOOO! OOOO! I wanna play

7) JP Morgan

8) BNP Paribas

9) John Paulson

Fri, 09/09/2011 - 10:15 | 1650540 Red Herring
Red Herring's picture

More like government, banking and MIC

 

Fri, 09/09/2011 - 10:40 | 1650676 LoneStarHog
LoneStarHog's picture

And finally number ten:  RobotTrader !!!!!

Fri, 09/09/2011 - 10:48 | 1650723 spiral_eyes
spiral_eyes's picture

lol.

Fri, 09/09/2011 - 10:35 | 1650653 nathan1234
nathan1234's picture

IMHO you cannot club crooks with Karl.

 

 

Fri, 09/09/2011 - 11:06 | 1650797 Bananamerican
Bananamerican's picture

how bout baby seals?

YOU ARE BANNED!!!!

Fri, 09/09/2011 - 09:26 | 1650329 King_of_simpletons
King_of_simpletons's picture

All priced in.

Fri, 09/09/2011 - 10:28 | 1650609 bankruptcylawyer
bankruptcylawyer's picture

you know what's not priced in, hertz is not going to buy dollar thrifty. that's not priced in.

Fri, 09/09/2011 - 09:12 | 1650255 midtowng
midtowng's picture

They are going to default some time, the market has already priced it in, so it might as well be this weekend.

And the beginning of the end of the Euro (as we know it) starts.

Fri, 09/09/2011 - 09:41 | 1650384 traderjoe
traderjoe's picture

Nothing has priced in these eventualities.

Fri, 09/09/2011 - 10:37 | 1650667 Ye Ye
Ye Ye's picture

Ok, maybe it's a dumb question but ... if all the PIIGS default, won't that save the Euro?  No need to print, no funny buying of bonds, just a big f-u to the bond buyers.

So this seems Euro bullish to me.  They are finally facing reality.

Fri, 09/09/2011 - 11:11 | 1650821 Debugas
Debugas's picture

it is more likely Euro becomes stronger (as in real euro of Germany) when Greece and other PIIGS leave the euro-zone

Fri, 09/09/2011 - 09:14 | 1650266 SeverinSlade
SeverinSlade's picture

Everyone should invest in equities.  Haven't you heard?  They're cheap!  There's no downside risk either.  If the economy improves, STOCKS GO UP!  If the economy collapses, Bernanke will shoot it up with a huge dose of funny money and STOCKS GO UP! 

What?  Buy gold?  Buy silver? Conspiracy theorist! 

Fri, 09/09/2011 - 09:21 | 1650298 SheepDog-One
SheepDog-One's picture

Right, buy semi auto firearms and lots of ammo.

Fri, 09/09/2011 - 09:27 | 1650324 HelluvaEngineer
HelluvaEngineer's picture

IMO, everyone's first purchase should probably be a pump shotgun or (any) .22.

Fri, 09/09/2011 - 09:30 | 1650344 SheepDog-One
SheepDog-One's picture

Lots of semi auto shotguns and .22's out there.

Fri, 09/09/2011 - 09:53 | 1650430 UpAndComing
UpAndComing's picture

there a way to buy "lots" without flagging hard on the radar?

Fri, 09/09/2011 - 10:10 | 1650516 Citxmech
Citxmech's picture

Depends on where you live. Check your local laws and begin stacking accordingly.

Fri, 09/09/2011 - 10:14 | 1650538 LasVegasDave
LasVegasDave's picture

backpage.com  lots of AKs for sale there for under $600.  no bill of sale, background check, registration or tax for private sales.

Fri, 09/09/2011 - 10:22 | 1650574 Reptil
Reptil's picture

indeed!

I have a used Norinco MAK 90 in pretty good condition. I acquired it through a trade, but I don't really use it much. I'm more into pistol shooting. I could use the cash, so I'd rather just sell this to a fellow AZ shooter.
Item comes with:
Sling
Two 30-round magazines
200 rounds of military surplus ammo (7.62 x 39)

Selling for $700 cash.
I'm not interested in trades, unless for gold and/or silver.

lol

Fri, 09/09/2011 - 09:29 | 1650343 DefiantSurf
DefiantSurf's picture

PM's = Gold, Silver, Lead

Fri, 09/09/2011 - 09:52 | 1650426 Silver Dreamer
Silver Dreamer's picture

Lead is a soft metal.  I prefer steel.  It penetrates body armor, vehicles, and walls.  Why have an assault rifle and not have steel core ammunition?  ;-)

Sat, 09/10/2011 - 12:56 | 1654549 WakeUpPeeeeeople
WakeUpPeeeeeople's picture

A 165 soft point coming out of a 30-06 or 308,  there is no body armor I am aware of that can stop it. Same with engine blocks and walls.

Now if your talking AK or AR, need to leave those for the women and children and get yourself a real weapon.

Fri, 09/09/2011 - 09:03 | 1650212 maxmad
maxmad's picture

Opa, bitchez!

Fri, 09/09/2011 - 09:03 | 1650213 oogs66
oogs66's picture

this makes sense...the g-7 can announce plans to support the market in the aftermath of the default

Fri, 09/09/2011 - 09:10 | 1650246 eigenvalue
eigenvalue's picture

Maybe this is why PMs are being pummelled now. Just like the Swiss government, G7 wants to keep PMs in check when Greece defaults. However, I don't believe Greece will default so quickly...

Fri, 09/09/2011 - 09:27 | 1650326 IBelieveInMagic
IBelieveInMagic's picture

Agreed. Rumors are to panic the herd...

Fri, 09/09/2011 - 09:48 | 1650408 Oh regional Indian
Oh regional Indian's picture

Rumor has it the herd is panicked.

V

Fri, 09/09/2011 - 09:04 | 1650216 Cassandra Syndrome
Cassandra Syndrome's picture

Medusa Wrath Bitchez

Fri, 09/09/2011 - 09:22 | 1650304 SheepDog-One
SheepDog-One's picture

RELEASE the KRAKEN!!

Fri, 09/09/2011 - 09:59 | 1650464 Miss Expectations
Miss Expectations's picture

Here you go...includes some good dramatic music:

http://www.youtube.com/watch?v=V3hq82HOKhs&feature=related

Fri, 09/09/2011 - 10:22 | 1650578 edotabin
edotabin's picture

"Kill the wabbit"?

Fri, 09/09/2011 - 09:05 | 1650222 kilters
kilters's picture

Can all this chaos not wait until the Rugby world cup is over?

Fri, 09/09/2011 - 09:13 | 1650261 101 years and c...
101 years and counting's picture

perfect timing.  america will be pre-occupied with 9/11 anniversary and start of NFL season. 

Fri, 09/09/2011 - 09:19 | 1650291 SheepDog-One
SheepDog-One's picture

America MIGHT be pre-occupied with a NEW 9-11! You hear all the news chatter about 'credible terror threats'....'3 guys in a non-descript van'...and all that?

Fri, 09/09/2011 - 09:24 | 1650312 Herman Strandsc...
Herman Strandschnecke's picture

The scaremongering is mainly aimed at our children I think.

Fri, 09/09/2011 - 09:27 | 1650332 SheepDog-One
SheepDog-One's picture

Why? Because american grown ups are all too retarded to get it?

Fri, 09/09/2011 - 09:32 | 1650350 Herman Strandsc...
Herman Strandschnecke's picture

Children are smart and if not checked early can ask awkward, intelliegnt questions later.

Fri, 09/09/2011 - 13:43 | 1651608 ciscokid
ciscokid's picture

LMAO+++++++++++++++++

Fri, 09/09/2011 - 09:41 | 1650383 ReactionToClose...
ReactionToClosedMinds's picture

here here ...

came very close to going to New Zealand for a week of games ...... obviously we face high volatility ... so many cross-currents ... dangerous to walk away day-by-day.

Fri, 09/09/2011 - 09:06 | 1650224 eigenvalue
eigenvalue's picture

Over the weekend? G7 has decided to let Greece down? I feel difficult to believe this rumour

Fri, 09/09/2011 - 09:27 | 1650328 Minoan
Minoan's picture

You are right.It's impossible a default this weekend,because Greek PM is visiting Thessaloniki for ???.These rumours are for traders...

Fri, 09/09/2011 - 09:29 | 1650341 Minoan
Minoan's picture

Great.ZH does not support greek alphabet.Fear of the greek bears.

Fri, 09/09/2011 - 09:06 | 1650228 buzzsaw99
buzzsaw99's picture

the bernank will buy them in like 15 minutes.

Fri, 09/09/2011 - 09:07 | 1650238 Yen Cross
Yen Cross's picture

Plus One always!

Fri, 09/09/2011 - 09:06 | 1650232 alien-IQ
alien-IQ's picture

I love the smell of Chaos in the morning....

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