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Market Soars Following Latest "China Bails Out Europe" Rumor: Expected Rumor Half Life - 15 Minutes
Update 2: Yes, the FT story that cites unidentified Italian officials, does exist. Link is here
Update: "Further negotiations are likely to take place soon, FT says, citing unidentified Italian officials". Ok seriously, enough with this bullshit, please.
How many times can the idiotic market keep falling for the same old rumor over and over and over again? Yes, for those wondering what caused this epic surge in stocks on massive volume look no further than the following FT headline which is precisely the same as what we have seen every single other "Chinese white knight" time, namely that Italy is in talks with China Investment to buy bonds, assets (it also makes it perfectly clear who the real "IMF" is). That said, this is at least the 4th time that China has "bailed out" Europe in 2011. We give this latest rumor a 15 minute half life.
Idiot robot and momo chaser update, 14 minutes later:
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Banker desperation, bitchez!
It's insanely funny; the whacky rumors floated by the hour to try and allow those trapped long a better exit point.
At this time, human rumor spreading is actually screwing with the algo-bots.
I know pork bellies have spiked this year, but that's still no reason for China to buy up all the PIGs...
Sell the rerack BTFR reramp...or something like that. Or buy Floating on Air if you are a P. Costa fan.
Of course, the BlowHorn [CNBC] is milking the rumor for all it [isn't] worth. Cue Bill "I should have stayed on leave" Giffith and Maria "I have the sexiest hair on Earth" Bartiromo.
Nice!!! LMAO!!! Good job, regulators!
Ponzi-Fried markets, bitchez!!!!!
WTF? So where did the BS come from? Or is it reverse BS?
"We did not just say Bernanke was bailing out BAC"
Tomorrow, Myanmar (formerly Burma) tenders full buyout of BAC at 60% existing share premium.
China announces QE4, bypassing Bernanke to cue up the US equity markets!
CNBC needs one of those flashy-things from Men in Black....'you heard no rumor from us, these are not the rumors youre looking for'...
we didn't not say they were buying bonds
Apparently markets were floating on a bit higher air there for a minute based upon another insane rumor....hmmm must be time to pull out QE4 rumors!
Super double secret rumor-nonrumor-non cure headfake, selloff, rally, selloff, reramp.....
There, price stability!
"HOPE"
How do we get this on ZeroHedge?
Did Tomo Rape The Market - Part Deux
http://evilspeculator.com/?p=23851
You just did. I read it. A fine piece of reporting.
That last blue line looks like it's got some reach on it. Must be a baller.
Sell the peak!
STFP!!!
And BTFD a few minutes before the 5th Chinese bailout.
what's "BTDF"?
Buy the Fuckin Dip
silver almost below 40, another two bucks down and im backin' up the truck.
WAIT FOR IT...
pre-65 dimes
WAIT FOR IT...
this is looking almost as good as a redheaded girl.
In Euroland, Silver is still higher than last week :)
AND NOW ROLL OVER YOUR DEBT!
ANROYD - will this make it to Websters as a new verb - any time soon? ;-)
Paid back any debts as of today, just in case for more rumors EUR will be replaced in Germany </FT>
as the question was "What's BTDF" I think the correct answer is ......
Buy The Dipping Fuck.
winner of the Kim @Kantor Kontest
Buy the dip, fuckface.
;)
I stand corrected :)
Buy the Dicking Fuck.
"BTDF" = Buy the Dow Fast
and cue the daily melt up on hopium
which one of you bitchez junked my hopium? Seen the dow lately?
I junked you because you bitched about getting a bitchez junk ! ;)
-53 is the record. Keep it up!!
JFC - why don't they just draw the chart they want for the day and hand it out at the opening bell. Total f'n ramp job.
That just proves how much conviction the Bears have about the facts - NONE!
Change "facts" with "central planner's desire to sacrifice their middle class" and you are 100% correct.
OT, but any theories about why gold spot and the DOW seem correlated?
Screaming Yellow Zonkers
that brings back memories
Put some money on those "facts" of yours...and if you go long I will LMAO.
Which Bears? The silver bears? Yogi? Smokey?
This is all inflationary:
The misallocation of capital that is now required just to sustain this system means that future (real) growth prospects become a more and more distant prospect. This is creating a vicious cycle which, assuming we wont take our deflationary medicine, job losses and bankruptcies, will lead to horrific inflation.
Please stop this. Missallocation can only be fixed with misallocation. Two wrongs do make a right.
And three rights make a left, which is why I always keep six hookers in the car. Much more fun than just turning the wheel.
it's pretty clear they've chose this strategy and are sticking with it. Combine that with a profound growth collapse from Peak Oil and you have one ugly chapter.
I can sell you some Greek 1 Year debt.
I'll give you a 20% discount.
I need the cash because I want to put my money into Bank of America.
Fourth time the charm? As if China bailing out the Western world is bullish... LOL...
It is scary how similar this is to 2008. Bank CEOs on CNBC. Bullshit bailout rumors flying around. Variations of "we're well capitalized".
We just need Cramer to come on and tell his 22 viewers that the PIIGS+France+UK are well capitalized and "fine."
per Donald Sutherland in the Italian Job (with Fight Club fav Edward Norton as the bad guy), "fine" = (iirc) Fucked up, Insecure, Nervous and Emotional.
pretty well describes it.
no way this lasts
Credit didtn move - Main stayed at wides, along with Xover (slightyl tighter b/o) so yes, not lasting at all.
Correct, my brotha from anotha motha, the ramp already died LOL.
But, now we have the daily 3:30 ramp. Shorts taking profits?
maybe...vapor volume...i don't see how we can't have a big break this week
Yeah, that afternoon, 100 pt., half hour levitation of the Dow on no news and zero volume just flipped back over too.
This February 6th forecast graph of DJIA was not so bad as well:
http://saposjoint.net/Forum/viewtopic.php?f=14&t=2626&p=34034#p34034
As was the current gold bubble forecast graph made on May 4th:
http://saposjoint.net/Forum/viewtopic.php?f=14&t=2626&st=0&sk=t&sd=a&sta...
It of course includes all manipulations by central banks , governments, banks, Gadaffi etc etc etc
So you're saying you are still drawing random lines off the sides of charts that don't even come CLOSE to what happens.
China will struggle just to bail out China.
Well that's just silly right there.
all they have to do is create 5,000,000 jobs a year and they'll be just fine.
:)
... and the sheeple follow stupidly the lemmings into the abyss
15 mins is pretty optimistic...
China buys the Vatican
China is asking for a price on the Italian Gold reserve.
Is there any left in IT? Maybe they want some Ravioli, too.
The Chinese are still pissed that the It. stole their spaghetti!!
They do have a long historical memory, those Chinese.
You know how the Mongols defeated the Great Wall?
They bribed some gate guards.
Except THIS time central banks, private investors, and entire countries are buying gold (and silver)...
***Breaking News***
Kim pulls out his wallet and says We gotcha covered!!
lol
Two Oclock beer just shot out of my nose!
better than a cleansing breath
very nice
I thought it was Kim. Well, let the Chinese have it, if they can afford it.
Greece Govt Bond 1Year Yield (GGGB1YR:IND)
117.211 +19.6%
Greece Govt Bond 10 Year Acting as Benchmark (GGGB10YR:IND)
23.54 +14.5%
Chinese are far for being able to bail out all the eurozone
Watch out the peak today was 139 on 1yr
Lend one, get two!
Market at critical point and the only ammo they have left is fake rumours
But why would FT write something if it weren't true? Poor confuzzled little sheep.
Must be true - read it on the interwebz!
That half life was at LEAST 17 or 18 minutes.
10 minutes, back to -160
This means one thing. Italy is in worse shape than most thought if the chinese vultures are scooping up claims on assets.
Oops.
Quick bring out the QE3 carrot again, this one's loosing steam!
QE3 carrot non-functional, bring out the QE-4 carrot.
If QE is the market motivational Carrot, what is the stick?
Low interest rates?
Crazy fiscal policy?
artificially low interest rates are a carrot on a whip
Fantastic joke.
the stick is what the carrot is hanging from in front of the jackass(s)
China has had negative manufacturing output for two months in a row. Anyone think they can legitamately keep propping-up the West and Europe? This will end really, really badly. I heard the Germans are building Panzers again......
Yeah, the Saudis bought so many we ran out of some tanks. No way to get to Paris w/o 'em. </sarc>
Negative? So, stuff disappeared? Wierd.
Except this time they come with depleted Ukrainian shells
He he he. Gets the suckers every time ;)
Now daily carrot and sticks in front of markets 'someone bailed out someone' and 'there was a QE3 rumor heard'....idiotic.
idiotic or orwellian. Is there a market anymore?
Hah who ever bought in here will be tostitos by tomorrow :)))!
Annnnnnnd.......it' gone.
From The National Inquirer:
"Global Financial Meltdown Averted - Aliens in Gold Spaceship buy all the Toxic Assets in the World"
10 years Later:
"Alien Overlords back for More Human Harvesting..."
China and Italy have alot in common ... Mussolini and Mao go way back.
Anyone remember Charlie Gasbag-orino with his "rumors" while the market was in free-fall back in '08?...
Maybe now the CNBC folks have some vestige of integrity.... naw....but it was a nice thought.
Charlie 'Imma Gonna Break-A Your Face' Gasbagrino is the Main Mook of C(lown)NBC.
Didn't he resurface at Fox? Maybe Chuckles can team up with Geraldo to give us a 1-2 punch of investigative financial journalism.
....or maybe they can go find Al Capone's vaults again.
As I read your comment I look up and CNBC is reporting "China is in talks with Italy...."
Like I said... it was a nice thought.
I do notice that Fox Business is never mentioned here....
ya funny, they are quoting bloomberg quoting FT who says they didn't run anything, and there is no story on Bloomberg either...
just proves that CNBC can't find their own ass with both hands
Re: How many times can the idiotic market keep falling for the same old rumor over and over and over again?
Last I checked "the markets" were (mostly carbon-based) people. So....
How many times are people going to believe this:
"Do you love me?" "Was I good?"
The world runs on duplicity and self-delusion. The scam will run until... it doesn't.
Actually the markets have become algo machines trying to get nano-second jumps on each other by instantly dissecting and interpreting these sort of press releases. Thus the wild gyrations and half-life predictions of how long the rumor will be effective. Human's might actually take a moment to review and call bullshit.
China will bailout Europe. This time really, cause they have interest in it and tons of dollars too. Gold and silver are down, stocks not crashed. No Armageddon apparently. I look forward, passing by this sleepy Fall. Merry Christmas. Boring world we live in.
I was going to provide a substantive rebuttal to your drivel, but have decided you're not worthy, so I leave you with:
O RLY????
Yes, RLY. Believe me, Armageddons are a thing of the past. China and Italy are having talks. End of the Drama in sight. Merry Christmas and first a good weekend.
You should be buying all the Italian bonds you can, two-fisted leverage style.
Run along and BTFD.
maybe he hopes to be invited to the bunga bunga party that they will thro the chinese in Sardinia. He is soooo bored; it will do him good over xmas.
Armageddons are so 1999...
Wow, this idiot just repeats any kind of shit that he hears so long as it confirms his bias.
Keep smoking that hopium. I'm sure one day you'll be a movie star. After all, initiative always comes to those who wait.
I am not a professional investor and it amazes me watching the markets. Reading this site has taught me alot. But watching the see saw on the stock market today and the swings based on rumors actually scares me. This is crazy, whatever happened to rational moves based on sound fundamentals.
I may not do this for a job but I can crunch numbers and read fricking charts and I do have a good friend that is an investment person and even he says this is all nuts.
I've been doing pretty well just doing ATM/NTM covered calls on stocks and ETF's that trade weekly, I generally only trade stuff with market caps over $10 bln. Fuck having conviction on anything.
Huge options bought. Maybe before the story. Someone made a ton of money.
Now, you have those that bought into the pump Selling into the Dump.
I would bet that they market goes lower that it was before the Rumor as those who bought into the HOPE will Sell into the Sell off when they realize it is just a rumor to get the market up.
Also, interesting that the S&P was below the 1,140 level which is a key level that would mean the Market was going to go lower.
Lots of stocks trading right at their 50 day moving average. Trying to hold them above that level. If it breaks the Market will go down.
FT should be shut down and prosecuted....this type of blatant gangsterism wouldnt even have been allowed in the USSR.
But it makes me wonder...you say 'someone made a ton on this'...really who took money from who? Someone was dumb enough to buy the top of the rumor big time and someone else was there to sell it?
So who are all these ultra rich morons who keep getting fleeced daily?
The (pseudo-)rich morons who keep getting fleeced are the soon-to-be-non-existent bourgeoisie/middle-class, me thinks.
hey, wfs!
nice comment! you sound well
nice harvest moonrise last night, huh?
R2K = 666. again.
the Big Dipper? Wild Mouse? PPT Corkscrew?
take care sister! see ya!
Italy has one great IR department. LOL. Nice pump followed by another dump.
best move would be for china to buy haiti, move countless operations there, people more than happy to work, and best of all, breathe down the US necks!
What is amazing is that just when the Market is breaking down they do a massive short squeeze. Just like last Monday. Like there really are enough shorts to bail out all of the Institutions and Banks from their Millions of shares.
This entire European thing has been artifically engineered to entice China to fall into the traps set up by the Anglo-Saxon banking cartel. If ChiComs fails to play their assigned role, we can reasonably expect that the regime change in Beijing is the next thing to take place. However, what if ChiComs only play half of the role assigned?
nice headline Tyler. Just in case people don't know, the entire china was at sleep when the rumor came out.
Except for that 1 guy at the 'Dept of Bailout Rumors' in China.
I wonder if that would be the Chinese version of, "Hey, y'all, watch this!"
Nice.......
"Me Like" just used "the ramp" to roll some options into Oct Exp Yummmyyyyy:)))) and took some profits right there eh!
I love those Chineese. They make a fine Macbook pro. I love MBPs so much, I own two. Ayyy mates , Shes a fine machine. A fine machine
Market is mark-it. It's a number they come up with to end the day with. Could be up, could be down. Mark-it. The only sure thing is that they'll reach it. And you'll never know why. 'Cause you ain't in the club. (Thanks, George).
The internet is now an amplifier of idiocy. Research has been replaced with rumor. The wisdom of crowds has been replaced with the buffoonery of crowds. A naive collection of children, believing anything, knowing nothing.
And on that note, Warren Buffett was struck with the urge to buy a couple billion shares of some morbidly toxic banking ticker symbol after farting bubbles in the tub.
FT needs to be prosecuted for spreading this rumor.
Exactly! And they have the balls to say places like ZH 'start rumors'? No...places like ZH point out these rumor mongering assholes who should be prosecuted!
FT now runs a headline 'You Did Not See Us Post a Bailout Rumor'....insane.
Actually I wonder how much FT got paid to run that.
the computers are sure working hard today from market open to close to keep this thing from crashing...
And why, if the Bearded Clam is about to deliver them a bunch of free trillions in a few days? Something tells me thats definitely not going to happen, and we're looking at an epic faceplant real soon.
That half-life forecast was just about right!
Many are trying to unwind their Weelky Options from last week. The Greece news is screwing them up.
Uh oh, FT reposts w/"details", cue HFT levitation ENGAGE!
Obviously thay are constanty trying to chart paint some "Nipple Bottoms" on the indexes and certain foreign currencies.
And of course, the Monster-swilling junior traders are already front-running the turn by HeatMapping the chip sector, since the semiconductors "always lead" according to Maria Bartiromo and Bob Pisani. ALTR, INTC, SNDK have been green all day.
LOL.....
Things never change
Did anyone see the actual FT story? All I saw was a Ransquawk headline citing the FT, then an "update" saying the FT did not run any such article, then another Ransquawk "update"/"market talk" saying the FT retracted the story, citing b4thestreet.com. Weirdness
CAUTION: Fake SPY price action ahead
And this would differ from every day over the last 2 years, how?