Market Snapshot: Credit Early, Financials Unch, And New Issues Ugly

Tyler Durden's picture

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covert's picture

there is always a sucker for new debt.


Jeff Lebowski's picture

Walter, what is the point?  Look, we all know who is at fault here, what the fuck are you talking about?

Problem Is's picture

"Donny you're out of your element!"

"Dude, the Chinaman is not the issue here..."

ebworthen's picture

A rumor about a rumor of solving a debt crisis with more debt that has to be agreed upon by 17 Parliaments.

This tells us it is all bullshit.

4%-5% PER DAY volatility in gold and other commodities and wild swings in the bond markets, and of course the erection/wilting of equities based upon Euro-rumor fluffing on/off.


Robots bowling/Fundamentals Rip Van Winkle

BrocilyBeef's picture

I get it... that is to say I don't get it.

ebworthen's picture

Sharp moves = volatility.

Lots of volatility in Fall 2008 too.

If Greece defaults it will be Lehman redux but from the European end; the credit/debt crisis has not been solved - only levered for time.

Ruffcut's picture

What? Financials still suck? HOw can that be? The printer run out of digital bandwidth, or something?

For the life of me. Why has not self regulation worked for all those honest folk.

I shall continue to ponder....

Al Huxley's picture

Indeed, given their demonstrated ongoing commitment to self-sacrifice in service to the common good, it is baffling why self regulation has failed - and for that matter, why do they still suck? They've been sucking for quite some time now, surely they're due for a reversal, no?

anynonmous's picture

Did the Liesman EIB/EFSF leverage rumor get its start in Washington?

just askin

LongSoupLine's picture

All one has to do is look at the '08 volatility, compare it to what we're seeing now, then simply refer to Einstein's definition of insanity.

JW n FL's picture



is it just me or are we missing like 99% of ZeroHedge?

did Tyler shut down the old stuff becuse of the FED Key Word Searches?

Looks like we are in for some serious problems?

God Love Tyler!

Fuck the FED!

rocker's picture

@ JW   It's me too.  Looks like somebody is not happy with our site.  Good to see your still here JW

Last time I checked, this is still America.

If somebody has a problem with Fed speak. Let them complain to Fisher or Paul.

trampstamp's picture

Oh man... TD's MIA. Bankers have rounded up the TD's of the world. Are we next?

MaximusR's picture

Very interesting article. Thanks TD....

chump666's picture

another panic melt-up...very bearish sign. 

zorba THE GREEK's picture

The Fed and the government are doing a great job. (are they watching?)

Especially for those of us mainly invested in PMs.

msmith's picture
Could Apple be topping out with downside movement ahead?  Bearish price action the last couple of days could be suggesting just that.  It could likely be a large correction.