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For all the knashing of teeth the last few days, looks like Dexia is a non-event.
Hey, at least gold is up, so most of the ZH bloggers should be high-fiving the ES futures ramp.
Robo got a first, bitchez!
Robo still never been laid though.
Most likely RoboTarder has never made a trade either.
Speaking of Dexia, on July 7 & 8 this year, S&P and Moody's gave Dexia A1 and P1 ratings, respectively.
See page 11:
While not the top ratings available, just three months later...and they're gone!
Not that we didnt already know but these ratings agencies really do not know what they're doing...or do they???
He hasn't figured out how to get a chick into his mom's basement yet.
The banks are going to print, print and print.......Mervyn King summed it up, "What a mess we have created - sacrifice the pensioners and savers. Print."
This 2010 r squared.
Who cares about ES futures.
Tell me about Pitchfork futures and Torch futures.
You can always set your watch to the typical low vol, Sunday night futures melt up. Fraud and manipulation at it's finest.
Keep f'ing that chicken.
treauries closed, EU repos not reacting before 7 hours from now, why should there be a gap down in Asia? Dexia is not Lehman re direct effects. The problem has not occured during the weekend but last Tue, decisive EU policy action has lost its credibility before the announcements of crucial meetings this weekend and the structural consequences of Dexia such as credit rating impacts yet unassessable, you will have to wait at least until some time during the day tomorrow for things to unravel.
Nobody cares anymore about Europe.
I never did care about Europe. I cant think of a single thing I NEED from Europe at all.
Errr, if you drive ANY car, travel by train, or even sail a boat, maybe you need something from Robert Bosch,
Yeah, well England has Lucas. (cancel each other out)
Who gives a shit?
Like no one else can possibly make it as well?
Betcha Chineee good makie.
China can copy anything, theyve got Blackberries and IPhones knocked of cheep cheep....they sure as hell can make a spark plug or a motorized hand tool.....fuckin shame is WE no longer can!
Brent comes from Europe. It fed you today.
And to see how the game is being played, scope this list of the world's oil prices:
Tapis $116.63 http://www.bloomberg.com/apps/quote?ticker=APCRTAPI:IND
Brent $106.15 http://www.bloomberg.com/apps/quote?ticker=EUCRBRN1:IND
Alaska $107.63 http://www.bloomberg.com/apps/quote?ticker=USCRANSW:IND
Louisiana Sweet $109.48 http://www.bloomberg.com/apps/quote?ticker=USCRLLSS:IND
WTI $82.98 http://www.bloomberg.com/apps/quote?ticker=USCRWTIC:IND
African Bonny $108.29 http://www.bloomberg.com/apps/quote?ticker=AFCRBONL:IND
Euro Forties $106.53 http://www.bloomberg.com/apps/quote?ticker=EUCRFORT:IND
Asian MINAS $115.46 http://www.bloomberg.com/apps/quote?ticker=APCRMINA:IND
Arabian Gulf $100.98 http://www.bloomberg.com/apps/quote?ticker=PGCROMAN:IND
Urals $104.49 http://www.bloomberg.com/apps/quote?ticker=EUCRURNW:IND
Anyone want to find the bullshit generated outlier? This is why you're paying 30+% more for gasoline than last year.
Fuck Brent. I went fishing today and ate those.
You're not being efficient, at least that's what Michael Porter says.
im curious of whats going to happen when hong kong opens...
my guess is gold is going to take off like a rocket...
Gold up $3 and Silver up .20 on open.
someones dumping treasuries, 2 yr and up
10 yr yield up 9
sorry, my bad...
I'm convinced this pig world market reflects the least common denominator, and, given our Fearless Leader, he is the least.
Meltup continues to 200 ema
All the other people on the rope line are busy trying to cut themselves free as their being dragged toward the cliff edge.
I don't know what purpose the DXY is supposed to serve when the majority of imports come from China these days, and not europe.
Futures arent reflecting reality? No WAY!
Besides futures are now completely irrelevant, look at Fridays maniacal market actions, 100 point swings in minutes.
US seems to be cheering but Germany/UK futures not that happy!
Where do you check futures for those?
Ty kind sir, way beteer than finz
1492 columbus sailed the ocean blue bitchez.
And carried an old world disease to the new.
the new world may have gotten the shit end of the biological warfare stick but keep in mind that correlation doesn't always imply causation.
edit: or perhaps you weren't referring to viral and bacterial diseases at all? either way tomorrow is columbus day so suck it bitchez.
In case you haven't read it, you might enjoy 'Guns, Germs, and Steel: The Fates of Human Societies' by Jared Diamond (1997).
+1 super book
They carried New World diseases back, too. Syphilis. It wasn't as slow-acting as it is now. Back then, you got covered head to toe in pustules and you died within months. Cuts both ways...
I sometimes forget that many cultures rue the day "dirty europeans" rocked their world. I wasn't trying to be insensitive. Don't worry indigenous peeps, many populations are now outbreeding the white menace, and then it will be party time.
Europe is a zombie. Watching Asia, if indexes start to go neg....
Aussie gapped down and filled the gap, and reversed lower.
if the ASX200 overshoots it's sell off (following S&P500 sell off) should drag the AUD down.
The market looks confused and nervous. China (fudgy) data due next few hrs, watching money supply. also wanna see if the commie stat people freak out the market and reveal a really low CPI. We hope.
...very good link!
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