Market Snapshot: Credit Outperforming In Europe But Mostly Catching Up

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Wed, 10/05/2011 - 12:31 | 1741775 LookingWithAmazement
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All going well.

Wed, 10/05/2011 - 12:31 | 1741778 Dr. Engali
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Just gives me a better short entry point.

Wed, 10/05/2011 - 12:32 | 1741787 SheepDog-One
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OK so now for a couple days we'll get the 'Europe was up because US was up on false rumors followed by Europe up again' rally mode, until something in a different area unwinds and they have to regroup and spin rumors about that. All very sane, world markets based upon strategic rumor dumps.

Wed, 10/05/2011 - 12:34 | 1741793 LookingWithAmazement
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Banking crisis looms, Dexia in troubles. Markets rise. Better explanation: Dexia saved. Situation improved. Told you so.

Wed, 10/05/2011 - 12:49 | 1741868 SheepDog-One
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Wed, 10/05/2011 - 12:36 | 1741805 GeneMarchbanks
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Schism complete good-bye reality!

Wed, 10/05/2011 - 12:38 | 1741808 hedgeless_horseman
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FINs looking ugly, again.  Calamari starting to stink.

Wed, 10/05/2011 - 12:40 | 1741812 SheepDog-One
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Just in- Citi announces fee hike on checking, $20/month fee (fine) if you carry a balance less than $15,000. 

Citi announces new fees on checking accounts - Oct. 4, 2011

Wed, 10/05/2011 - 12:43 | 1741837 GeneMarchbanks
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It's like they want you to take out your money and buy physical silver.

Wed, 10/05/2011 - 12:47 | 1741854 SheepDog-One
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'Mmmm Thurston it looks simply DREADFUL for the peasantry! Be a dear and pass the caviar and another spot of Lafite to wash it down! Yes Lovey *chortle chortle*' etc etc...

Wed, 10/05/2011 - 12:55 | 1741900 GeneMarchbanks
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The working class is completely out of control. Agreed.

Wed, 10/05/2011 - 12:48 | 1741861 SheepDog-One
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'We're Bank of America, and we're screwing you!'

Bank of America Ad (Parody) by Mark Dice - $5 monthly fee for debit cards - YouTube

But nowhere near as bad as Citi's screwing you!

Wed, 10/05/2011 - 12:58 | 1741910 AnteUp93
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LOL headlines are so rediculous. Bloomberg credits today's equities market rise with Europe problems ameliorating...

Wed, 10/05/2011 - 14:14 | 1742135 dvsteenk
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"as professionals use this strength to rotate hedges or more simply unwind at better marks"

Ok, but I don't get who is stupid enough to be sucker in this unwind?


Wed, 10/05/2011 - 16:06 | 1742605 ivars
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Long term dollar index (USDX) prediction chart 2012-2018 with description and zoom options ( click on chart, then click on left upper corner zoom symbol) is posted here:

Key points:

1) That is very important one to understand why there will be no inflation for another 4 years till 2016, why gold will not move up much in 2011-2013, and how USA will finance its needs by issuing even MORE unsustainable debt (held hostage to USD reserve currency status ) even in recession with approval of creditors (held hostage by USD reserves they have and need to continue trade imbalances with reserve currency issuing nation) . USD will deflate (gain in value) during 2012-2014. Recession will continue all this time, debt deflationary one.

2) Then, in 2014 the defaulting process will begin, lasting from 2014-2016, 2 years, with everyone scrambling around to try to position itself best ( if that is possible ) with all means available for the imminent default.

3) Nevertheless, I still stick with silver showing unexplained upside even during deflation period, as shown many times already in silver  graph from 35 in Q1 2012 up to 100+-20 USD in October 2012.

4) My thinking is, increase in silver USD price that has to be related not to inflation, but demand/supply issues. I favour explanation that demand will soar NOT because of some sudden new use of silver, but increased OLD use, perhaps very old use. I have only two options-either military buildup, or monetary policy of some sovereign based on silver (NOT the USA).

Wed, 10/12/2011 - 11:40 | 1765932 karmete
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