Market Response To SarKel Emergency Meeting: Dump

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Tue, 08/16/2011 - 12:41 | 1565794 speconomist
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No Eurobonds and EURUSD not plummeting? Maybe it is because the HFT robots don't understand French and German.

Tue, 08/16/2011 - 12:43 | 1565804 maxmad
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Let the mass selloff begin!  In French...

Tue, 08/16/2011 - 12:46 | 1565825 MiguelitoRaton
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Emergency meeting emergency, carry on with the orderly decline

Tue, 08/16/2011 - 12:54 | 1565861 TruthInSunshine
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Who predicted that the EU was an unrealistic, cobbled together dream of Hopium and Unicorn Farts before Hopium and Unicorn Farts were household words?


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.

Tue, 08/16/2011 - 13:07 | 1565909 Waffen
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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.

Tue, 08/16/2011 - 14:19 | 1566246 TruthInSunshine
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Yes, indeed.

OIn the meantime, it looks like austerity is gaining traction in Europe, and that's going to really rattle quite a few:


Tue, 08/16/2011 - 13:20 | 1566000 Young Buckethead
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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?

Tue, 08/16/2011 - 19:23 | 1567153 Young Buckethead
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And now Met Life . . .

Tue, 08/16/2011 - 12:42 | 1565798 Waffen
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And just like a Stuka, the dive breaks will engage and the algos will shoot us back up after the pilot has blacked out.

Tue, 08/16/2011 - 13:00 | 1565878 PY-129-20
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Feindflug-Stukas im Visier

Tue, 08/16/2011 - 13:14 | 1565953 Zymurguy
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"Stukas over Disneyland!"

Tue, 08/16/2011 - 13:28 | 1566022 andybev01
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"Everybody's doin' the goose step out in Anaheim!!"

(they're goose steppin' out in Anaheim...)

shit; now I'll be singing that all day long ;-)

Tue, 08/16/2011 - 12:42 | 1565800 gulf breeze
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We need more direction from Robotart

Tue, 08/16/2011 - 12:45 | 1565816 maxmad
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He who's name we don't say out loud here?  He is hiding right now...  Robo not happy

Tue, 08/16/2011 - 12:52 | 1565849 SheepDog-One
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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!'

Tue, 08/16/2011 - 13:02 | 1565889 maxmad
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Ah yes Robo knows,  before the market knows... 

Tue, 08/16/2011 - 13:07 | 1565921 Rick64
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Tue, 08/16/2011 - 12:44 | 1565806 maxmad
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maybe the Euro wont last till next year?

Tue, 08/16/2011 - 13:10 | 1565943 101 years and c...
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just waiting for the emergency ecb meeting, where jct will cut 50 points, sending the eur under 1.40. 

Tue, 08/16/2011 - 13:12 | 1565948 Ivanovich
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I'm not so sure even that will knock EUR/USD down.  It seems it is supported by China no matter what.

Tue, 08/16/2011 - 15:00 | 1566398 Oh regional Indian
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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.


Tue, 08/16/2011 - 12:44 | 1565809 The Axe
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don't forget looks like a transaction tax is coming...and HTF is not going to like that..

Tue, 08/16/2011 - 12:49 | 1565835 SheepDog-One
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YES lets introduce new taxes and red tape to markets no one wants to be in the first place, this is going GREAT!

Tue, 08/16/2011 - 12:52 | 1565851 fuu
fuu's picture

Actually red tape for HFT would not be a bad thing.

Tue, 08/16/2011 - 12:54 | 1565862 SheepDog-One
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Include a required CAPTCHA answer from every market transaction, and the markets would resume sanity. Although at levels for lower than here.

Tue, 08/16/2011 - 13:00 | 1565880 fuu
fuu's picture

Actually that isn't a bad idea. Would keep some of the sheeple from getting fleeced as well.

Tue, 08/16/2011 - 12:54 | 1565864 A Man without Q...
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There's going to be a 100% of principal tax for selling European bank stocks.   


Tue, 08/16/2011 - 12:45 | 1565812 RiverRoad
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This is starting to look like Groundhog Day.

Tue, 08/16/2011 - 12:45 | 1565813 speconomist
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Creation of French-German Zone? 4th Reich is back? Sarko just said it.

Tue, 08/16/2011 - 15:01 | 1566402 Oh regional Indian
Oh regional Indian's picture

Heh. It never went away.

The entire US MIC is 4th reich under kinder, gentler skin (Imagine that!!!).


Tue, 08/16/2011 - 12:46 | 1565824 caerus
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Tue, 08/16/2011 - 12:49 | 1565827 SheepDog-One
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Oui!, we have no escargot, we have no escargot, todaaaayyyy!!

Tue, 08/16/2011 - 12:53 | 1565852 ZeroPower
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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.

Tue, 08/16/2011 - 13:02 | 1565885 fuu
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Au Gratin?

Tue, 08/16/2011 - 12:48 | 1565829 thepigman
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They're so cool about it because they've now decided which countries to push over the cliff.

Tue, 08/16/2011 - 12:48 | 1565834 Internet Tough Guy
Internet Tough Guy's picture

What a merkeljerk.

Tue, 08/16/2011 - 12:50 | 1565840 SheepDog-One
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Tue, 08/16/2011 - 14:41 | 1566329 gmrpeabody
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Tue, 08/16/2011 - 12:51 | 1565847 speconomist
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Really, they are saying that this is not the end of the Eurozone, ... IT IS the end of the Eurozone!

Tue, 08/16/2011 - 12:54 | 1565860 Caviar Emptor
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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

Tue, 08/16/2011 - 12:56 | 1565870 SheepDog-One
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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.

Tue, 08/16/2011 - 15:08 | 1566431 Oh regional Indian
Oh regional Indian's picture

And perhaps thus the appropriately named Jackson HOLE?



Tue, 08/16/2011 - 12:56 | 1565869 gwar5
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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.


Tue, 08/16/2011 - 12:56 | 1565871 luigi
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It's me or "markets" are reacting like little child stomping feet and crying because daddy refused him his preferred play?

Tue, 08/16/2011 - 13:02 | 1565893 SheepDog-One
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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!

Tue, 08/16/2011 - 13:07 | 1565923 luigi
luigi's picture

In such cases parent's firmness is demanded, even at the cost of transitory difficulties in the family's menage...

Tue, 08/16/2011 - 13:42 | 1566064 TruthInSunshine
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by luigi
on Tue, 08/16/2011 - 12:56


It's me or "markets" are reacting like little child stomping feet and crying because daddy refused him his preferred play?


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.

Tue, 08/16/2011 - 13:00 | 1565876 SheepDog-One
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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.

Tue, 08/16/2011 - 13:02 | 1565887 youngman
youngman's picture

Its Socialism without the Social.....they forgot to tell eveyone to live the in the same way...

Tue, 08/16/2011 - 13:02 | 1565888 rubearish10
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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.

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