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Market Response To SarKel Emergency Meeting: Dump
Remember what happened to the market following Trichet's disastrous press conference two weeks ago? Well, cue it up, because it is deja vu all over again. The second Sarkozy said that neither the Eurobonds are coming as expected, nor the EFSF will be expanded, the sell off began. The only question the market has is when is the next emergency meeting?
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No Eurobonds and EURUSD not plummeting? Maybe it is because the HFT robots don't understand French and German.
Let the mass selloff begin! In French...
Emergency meeting declares...no emergency, carry on with the orderly decline
Who predicted that the EU was an unrealistic, cobbled together dream of Hopium and Unicorn Farts before Hopium and Unicorn Farts were household words?
Many.
Die, EU, die (it's really for the best, and in the interest of those who wish not to see crowding out of sovereignty nor unified [let alone a one world, ultimately] government).
Let individuals reign supreme, bitchez.
Order out of Chaos. TPTB will provide more unification as the answer not less and the sheep will follow their Shepard. I wish it wasn't so, but history is on the side of TPTB getting what they want in the end.
Instead we should have more and more regionalization, and more representative government not less. The individual should reign supreme again, but some individuals are more important then others(in their minds) and they wont let that happen.
Yes, indeed.
OIn the meantime, it looks like austerity is gaining traction in Europe, and that's going to really rattle quite a few:
OT (maybe): Has anyone noticed, in the US, that State Farm Insurance is now a bank?
I've said for four years that Obamacare was not forced down our throats to provide medical care for everyone, but to save the insurance companies - shrinking customer base, shrinking investments for payouts. Now that Obamacare is a failure, we're allowing all the insurance companies to become banks, like the Squid, for banking bailouts at the Fed Window.
Can someone with more experience compare the cost of bailing out the world's banks, to bailing out the world's insurance companies?
Since the bulk of our bailout money went overseas, I have to assume we'll be bailing out all the EU insurance companies, too?
Isn't this bullish for the EU?
And now Met Life . . .
And just like a Stuka, the dive breaks will engage and the algos will shoot us back up after the pilot has blacked out.
Feindflug-Stukas im Visier
http://www.youtube.com/watch?v=9MoUs8ZlbK0
"Stukas over Disneyland!"
"Everybody's doin' the goose step out in Anaheim!!"
(they're goose steppin' out in Anaheim...)
http://www.youtube.com/watch?v=rzSsc6SAFHA
shit; now I'll be singing that all day long ;-)
We need more direction from Robotart
He who's name we don't say out loud here? He is hiding right now... Robo not happy
Although Robo has been scolding 'bears' they better wake up and get bullish since DOW 12,700, he'll now show up after market close saying 'See? I told ya to short!'
Ah yes Robo knows, before the market knows...
Lol
maybe the Euro wont last till next year?
just waiting for the emergency ecb meeting, where jct will cut 50 points, sending the eur under 1.40.
I'm not so sure even that will knock EUR/USD down. It seems it is supported by China no matter what.
China's no matter what is suddenly looking a bit iffy no? Their entire trillions of US paper just became a lot shakier, value-wise?
I think we are going to see a race to the bottom like never witnessed in the fiat arena. Each nation will pull the trigger to print at the point of maximum pain and with the coming food crisis, it's going to be hungry mobs that decide currecny values.
ORI
http://aadivaahan.wordpress.com/2011/08/16/pre-cursor-2-and-currents/
don't forget ..it looks like a transaction tax is coming...and HTF is not going to like that..
YES lets introduce new taxes and red tape to markets no one wants to be in the first place, this is going GREAT!
Actually red tape for HFT would not be a bad thing.
Include a required CAPTCHA answer from every market transaction, and the markets would resume sanity. Although at levels for lower than here.
Actually that isn't a bad idea. Would keep some of the sheeple from getting fleeced as well.
There's going to be a 100% of principal tax for selling European bank stocks.
This is starting to look like Groundhog Day.
Creation of French-German Zone? 4th Reich is back? Sarko just said it.
Heh. It never went away.
The entire US MIC is 4th reich under kinder, gentler skin (Imagine that!!!).
ORI
http://aadivaahan.wordpress.com/2011/08/16/pre-cursor-2-and-currents/
woohoo!
Oui!, we have no escargot, we have no escargot, todaaaayyyy!!
Tartiflette - potatoes with a bunch of cheese and ham mixed in. Not even that great, but try telling a person from the Alps youre not a fan and they basically hear 'fuck you and your unborn kids'. True story.
Au Gratin?
They're so cool about it because they've now decided which countries to push over the cliff.
What a merkeljerk.
lol
+100
Really, they are saying that this is not the end of the Eurozone, ... IT IS the end of the Eurozone!
Ahh but a dump made with a grin because players are still expecting Sanny CLause to come down the chimney with QE. But what if they're wrong. What if Ben has re-thought the scenario along bifaltionary lines. Hmmm
And from what I can see, QE even best case looks like a dud. Who is going to be impressed with a QE $300 billion amount that has been priced in anyway? None of this looks good at all.
And perhaps thus the appropriately named Jackson HOLE?
ORI
So, if MENA and the Saudis end up bailing out Germany and France, are things going to be under Sharia Law? China and Russian might want a piece of that, too.
It's me or "markets" are reacting like little child stomping feet and crying because daddy refused him his preferred play?
Of course the markets are like a spoiled brat on her 'Super Sweet 16' birthday blowout bash where a used VW bug was unveiled instead of the expected new Porsche!
In such cases parent's firmness is demanded, even at the cost of transitory difficulties in the family's menage...
That is called the TARP Tantrum, born in 2008 when Sen. Jim Bunning (R-KY) initially refused to go along with Hank Paulson's bullshit 'tanks in the streets & Martial Law' ruse, and killed the epically bad bailout (Bunning later said 'f**k it, I'll resign, and let the people get what they deserve since I have no support in trying to protect the taxpayers from the assraping Wall Street is about to pound upon them" - no an exact quote).
I can't believe they're using such an obvious and already done trick.
Then again, facing their economic & financial reality may be causing them to get net real short, for a real long time (and that would be the smart play).
RoboTarder will show up on the next day/minute/hour that indexes pop (intraday or futures), to claim Uncle Gorilla will win.
Little does he know that Uncle Gorilla presides over Banana Republic, or that Bananas&BubblesBezelbubBernankstain has done a bang up job of using retarded monetary policy to actually break the economy and the markets.
Emergency meeting reaches no conclusion, so they say there was no emergency in the firstplace and therefore no meeting. And the black knight is talking backwards..a cat is smoking a hookah on a mushroom...and all is well in the land.
Its Socialism without the Social.....they forgot to tell eveyone to live the in the same way...
Sarkozy's a little too much involved with Finance and Wars. perhaps he should consider going back to bodybuilding. He's a bit safer that way.
The sooner that european union collapses the better. I don't care for the joining of canada and little iraq with the US. Of you know how the elite are.....'well will do it better this time we learned from our mistakes'. Motherfuckers. You know we could make this world a really good place for everyone if it were'nt for a handful of fucking morons.
if you're in AZ, annexing Canada has a lot of appeal
REITS are now down nearly 0.80% with the SPX down 20 handles! This must be the avalanche event!
Well Im sure the market downturn will be reversed with a new rumor within the hour of another meeting being scheduled in a few days. These markets would be nothing without the constant rumored scheduled big events where some miracle solution or other will be announced. What a pile of crap.
REITS up 3.5% yesterday on shit news and down 0.8% today on even shittier news.
TA DA!
Perhaps the largest owners of REITS are pension funds?
ORI
sarks' comment about a "franco german economic zone" said it all
eu is done like dinner
Wasn't some Euro Hotshot recently admitting they would openly lie to the public at will to appease the public? Anyone who trades off what these morons say is a moron!
C'mon SARKEL?
This is a job for the TOTUS
he can fix anything
Europeans must demand: Eurobonds backed by gold!
Our Gold is currently in New York at the FED. It's still there, right? Our gold? The FED would never dare to steal from us, right?
Otherwise I will have to drive there with my Panther Panzer...
http://www.youtube.com/watch?v=k2K4i21XgLw&feature=related
What broken countries and broken markets.
You keep looking for exogenous factors for market movement. That's what makes ZH what it is. But maybe, once in awhile, you might tip the hat to the Prechterites and EWP folks who've been claiming that markets are moved mainly by endogenous factors, i.e., the technical traders.
But that's your call.
After being short stocks, bonds and gold for 3 years, there are "Prechterites" left?
actually Prechter signaled to buy equites in late Feb 09
http://www.bloomberg.com/apps/news?pid=newsarchive&sid=anc41rKOPT7Y&refe...
Yea? Well so did plenty of articles on Zerohedge, many said stocks are likely to go up. So what?
Post an original comment and stop trolling others. If you are capable, that is.
Or is this just another one of your 101 pseuds? It's revealing BTW how your pseuds betray themselves. They all contain superlatives, often neo-nazi superlatives lie "Iron" or "Cross" or "One." Do you even realize how fucking transparent you are? Do yourself a favor and never light your car on fire for the insurance money. Because a competent fraud investigator could sniff you out in about five minutes.
*fail*...I have ONE Zerohedge name, take it up with Tyler if you have some butthurt issue with me not tipping my hat to you. 'Iron' Cross' 'one'....go take your meds, punk!
There you go Marking people again.
Yes, and I was unfortunately one of those who disagreed with this call. And got killed. So what's your point?
Youre asking me my point? Whats your point?
Uh. Yeah....Har de har. Beating up on Bob is something of a blood sport these days. But if you look in the last few chapters of "Concuer The Crash," BP says to BUY bonds and gold. So, the comment is lacking.
Arent you far too busy doing your 'technical trading' and moving the markets to be commenting here?
Stalker? Get a life.
Tip your hat to ME, bitch!
Specifically, you may refer to DanEric, who's charts you have linked...on the left. We've been talking about a P[3] breakdown for, I don't know, months...a year now. This isn't news, to us.
So what INull, Ive been predicting its all a pile of shit for years...why dont you tip your hat to me?
Daneric is very much into exogenous factors for his rightfull bias of P3 down. Ultimeately social mood is the cognitive imperitive.
Now theres a sudden market drop, and all the other sites come over to Zerohedge and say 'See, we were right you guys'.
Nevermind on up days all the other sites come over and say 'ZH is just a bunch of doom and gloomers'.
I suggest everyone tell their 'See I told you so' tales while walking away.
P3 = Urban legend
Markets now only move based upon rumors of solutions from the ether.
BTW why should Zerohedge tip a hat to anyone? They owe someone something? Whatever. 'Technical traders'...yea OK.
Really, just straight down. Huge vote of confidence for EU leadership there.
Sarkozy and Merkel agree to get real small:-)
I can't believe how fucking gullible the markets were to think that somehting possitive would come of this meeting. Equities plummeting!
Machines with silicon brains....SO gullible!
I asked this last night. WTF does this modern day Napoleon have over/on Merkel that she would go against her own people's will and sign off on this crap? Sarkoleon calls an ER mtg every other day (it seems) with Merkel and she CAVES. I knew they were planning this crap pan-euro bond and to say that the debt levers would be ensconsed in German and French law is BullSHI$. There's a case going on in German courts now that the people have brought against Merkel for doing the VERY FIRST deal to save greece and we're along way down the road from that aren't we? Sarkoleon's France banks are swimming in PIIGS crap and need the cover of German strength and cleanliness. I say take out Germany now by focusing on the bonds and such so Merkel will stop this wink and handshake stuff with France and concentrate on the needs of her PEOPLE.
I feel like taking a dump myself after all this news....
maybe a better proposal will come out of MY ASS!
JEEZZ!! I NEED BEER AND A FEW STRIPPERS TO CHEER ME UP!
AND IT'S NOT EVEN FRIDAY!
Ive got a couple strippers who live next door. Actually they have more money than anyone else I know! And If youre a handyman and fix their stuff once in a while theyll give you free lap dances.
GodDamn where's the LIKE button?? ;-)
FUCK SD1!
YOU MADE ME FEEL EVEN WORSE!! My next door neighbooOOOOoorr is a police chief who if WEIRD and retired WEIRD woman to who I've never talked to since I live here!
FUCK I FEEL BAD!
I WANT STRIPPERS AS NEIGHBOURS!
it would save miles on my car....
Theyre the nicest people I know, the strippers. Its refreshing to see people not full of shit, and theyre about the only ones I know of.
I love women who actually know what men want.
Since I'm on an 80's kick:
http://www.youtube.com/watch?v=VcoiGr_FlQY
Sucker.
strippers kick ass...uh, i mean "dancers"
http://www.imdb.com/title/tt0064471/
i want to party with that dude
Actually I think the market is reacting to SarKel's cover of Daft Punk's Harder, Better, Faster, Stronger.
http://ak.imgfarm.com/images/ap/France_EU_Financial_Crisis.sff_MEU103_20...
Thankfully they spared us the skin normally present.
http://www.youtube.com/watch?v=t6vNg1aUOcE&feature=related
the market is only down a little over 1% so that is nothing compared to how bad the situation actually is. remember the talking heads are all still saying "the fundamentals of the US economy are strong". that running gag has been the best comedic line for the past ten years.
what i find funny is that gold is within $25 the price of platinum. If gold goes above platinum do we need to redo all the record sales. I mean going platinum won't be better than going gold anymore.
Okay; this is just a little spooky:
http://www.youtube.com/watch?v=AWtCittJyr0
"If gold goes above platinum..."
it happened last week (tuesday, wednesday and thursday). go to stockcharts.com and plot "$gold:$plat".
Outta Chaos comes beauty, this was always the plan to create a State that only Beuros could run. ;-)http://classic.cnbc.com/id/44161662
these fukin gvts and their pond scum followers will be the death of any and all market if they don't stop this shit.
die in a fire asswipes. shut up and sit down.
pump goddamit!!! pump you monkeys!!!
Yes, well more of the expected - the same. Looks like ECB bond issuance will be the only way to finance this solvency mess. The Germans and German Wanna-bes are rather behind the market on this because over there they don't really feel as though their countries and politics should be trumped by financial markets. This may, to a Yank seem backward, but in fact over-financialization has turned the US into the tail wagging the dog backwater it has become.
The financial transaction tax (which should have been enacted EVERYWHERE post 2008to at least slow down speculation) will raise some funds and somewhat quiet the public (mainly German and German Wanna-be public) outcry over these backdoor bank bailouts which are coming when PIIGS debt is restructured. This tax is a good political move.
Due to the lack of financial brainwashing on the other side of the pond, it is manifestly apparent to all that this PIIGS thing boils down to another banking crisis.
Still feel sure that Greece will have to leave the Euro & readopt the Drachma.
The SIV debt hiding trick they used with the kind assistance of everybody's favorite bankster, can be used as the reason. They willl have to default on the euro debt.
There's no way the Euro will be allowed to disappear. The rest of the world has US $ fatigue.
Does anyone really believe when they created the Euro there was NO IDEA of a member leaving? Right! Fines mean nothing to insolvent countries.