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Market Soars Following Latest "China Bails Out Europe" Rumor: Expected Rumor Half Life - 15 Minutes

Tyler Durden's picture





 

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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Mon, 09/12/2011 - 14:49 | Link to Comment Cdad
Cdad's picture

Banker desperation, bitchez!

Mon, 09/12/2011 - 14:55 | Link to Comment TruthInSunshine
TruthInSunshine's picture

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.

Mon, 09/12/2011 - 15:05 | Link to Comment spiral_eyes
spiral_eyes's picture

I know pork bellies have spiked this year, but that's still no reason for China to buy up all the PIGs...

Mon, 09/12/2011 - 15:05 | Link to Comment Cdad
Cdad's picture

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.

 

Mon, 09/12/2011 - 15:08 | Link to Comment TruthInSunshine
TruthInSunshine's picture

 

 

 

Nice!!! LMAO!!! Good job, regulators!

Ponzi-Fried markets, bitchez!!!!!

Mon, 09/12/2011 - 15:13 | Link to Comment DefiantSurf
DefiantSurf's picture

WTF? So where did the BS come from? Or is it reverse BS?

"We did not just say Bernanke was bailing out BAC"

Mon, 09/12/2011 - 15:16 | Link to Comment TruthInSunshine
TruthInSunshine's picture

Tomorrow, Myanmar (formerly Burma) tenders full buyout of BAC at 60% existing share premium.

Mon, 09/12/2011 - 16:00 | Link to Comment CClarity
CClarity's picture

China announces QE4, bypassing Bernanke to cue up the US equity markets!

Mon, 09/12/2011 - 15:25 | Link to Comment SheepDog-One
SheepDog-One's picture

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'...

Mon, 09/12/2011 - 17:31 | Link to Comment caerus
caerus's picture

we didn't not say they were buying bonds

Mon, 09/12/2011 - 15:24 | Link to Comment SheepDog-One
SheepDog-One's picture

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!

Mon, 09/12/2011 - 15:35 | Link to Comment Cdad
Cdad's picture

Super double secret rumor-nonrumor-non cure headfake, selloff, rally, selloff, reramp.....

There, price stability!

Mon, 09/12/2011 - 15:35 | Link to Comment Irish66
Irish66's picture

"HOPE"

Mon, 09/12/2011 - 15:06 | Link to Comment molecool
molecool's picture


How do we get this on ZeroHedge?

Did Tomo Rape The Market - Part Deux

http://evilspeculator.com/?p=23851

Mon, 09/12/2011 - 16:53 | Link to Comment RockyRacoon
RockyRacoon's picture

You just did.   I read it.  A fine piece of reporting.

Mon, 09/12/2011 - 21:16 | Link to Comment Hephasteus
Hephasteus's picture

That last blue line looks like it's got some reach on it. Must be a baller.

Mon, 09/12/2011 - 14:50 | Link to Comment Fips_OnTheSpot
Fips_OnTheSpot's picture

Sell the peak!

Mon, 09/12/2011 - 14:53 | Link to Comment Not A Pundit
Not A Pundit's picture

STFP!!!

Mon, 09/12/2011 - 15:05 | Link to Comment Black Forest
Black Forest's picture

And BTFD a few minutes before the 5th Chinese bailout.

Mon, 09/12/2011 - 15:12 | Link to Comment Fips_OnTheSpot
Fips_OnTheSpot's picture

what's "BTDF"?

Mon, 09/12/2011 - 15:18 | Link to Comment DefiantSurf
DefiantSurf's picture

Buy the Fuckin Dip

Mon, 09/12/2011 - 15:25 | Link to Comment X.inf.capt
X.inf.capt's picture

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.

Mon, 09/12/2011 - 15:30 | Link to Comment Sudden Debt
Sudden Debt's picture

In Euroland, Silver is still higher than last week :)

 

Mon, 09/12/2011 - 15:28 | Link to Comment Sudden Debt
Sudden Debt's picture

AND NOW ROLL OVER YOUR DEBT!

 

Mon, 09/12/2011 - 15:35 | Link to Comment Fips_OnTheSpot
Fips_OnTheSpot's picture

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>

Mon, 09/12/2011 - 15:37 | Link to Comment Lord Welligton
Lord Welligton's picture

as the question was "What's BTDF" I think the correct answer is ......

Buy The Dipping Fuck.

 

Mon, 09/12/2011 - 17:43 | Link to Comment citta vritti
citta vritti's picture

winner of the Kim @Kantor Kontest

Mon, 09/12/2011 - 15:26 | Link to Comment tmosley
tmosley's picture

Buy the dip, fuckface.

;)

Mon, 09/12/2011 - 15:29 | Link to Comment DefiantSurf
DefiantSurf's picture

I stand corrected :)

Mon, 09/12/2011 - 15:48 | Link to Comment Dumpster Fire
Dumpster Fire's picture

Buy the Dicking Fuck.

 

 

Mon, 09/12/2011 - 16:05 | Link to Comment GeneMarchbanks
GeneMarchbanks's picture

"BTDF" = Buy the Dow Fast

Mon, 09/12/2011 - 14:50 | Link to Comment DefiantSurf
DefiantSurf's picture

and cue the daily melt up on hopium

Mon, 09/12/2011 - 15:31 | Link to Comment DefiantSurf
DefiantSurf's picture

which one of you bitchez junked my hopium? Seen the dow lately?

Mon, 09/12/2011 - 16:06 | Link to Comment EvlTheCat
EvlTheCat's picture

I junked you because you bitched about getting a bitchez junk ! ;)

Mon, 09/12/2011 - 16:57 | Link to Comment EvlTheCat
EvlTheCat's picture

-53 is the record.  Keep it up!!

Mon, 09/12/2011 - 16:37 | Link to Comment Citxmech
Citxmech's picture

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.

Mon, 09/12/2011 - 14:50 | Link to Comment Zonker
Zonker's picture

That just proves how much conviction the Bears have about the facts - NONE!

Mon, 09/12/2011 - 14:52 | Link to Comment Tyler Durden
Tyler Durden's picture

Change "facts" with "central planner's desire to sacrifice their middle class" and you are 100% correct.

Mon, 09/12/2011 - 15:46 | Link to Comment narapoiddyslexia
narapoiddyslexia's picture

OT, but any theories about why gold spot and the DOW seem correlated?

Mon, 09/12/2011 - 14:56 | Link to Comment DaveyJones
DaveyJones's picture

Screaming Yellow Zonkers

Mon, 09/12/2011 - 15:18 | Link to Comment Hobbleknee
Hobbleknee's picture

that brings back memories

Mon, 09/12/2011 - 14:58 | Link to Comment ZippyDooDah
ZippyDooDah's picture

Put some money on those "facts" of yours...and if you go long I will LMAO.

Mon, 09/12/2011 - 15:12 | Link to Comment Piranhanoia
Piranhanoia's picture

Which Bears?  The silver bears?  Yogi?  Smokey?

Mon, 09/12/2011 - 15:12 | Link to Comment Troublehoff
Troublehoff's picture

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. 

Mon, 09/12/2011 - 15:17 | Link to Comment JPM Hater001
JPM Hater001's picture

Please stop this.  Missallocation can only be fixed with misallocation.  Two wrongs do make a right.

Mon, 09/12/2011 - 15:28 | Link to Comment tmosley
tmosley's picture

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.

Mon, 09/12/2011 - 15:31 | Link to Comment DaveyJones
DaveyJones's picture

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. 

Mon, 09/12/2011 - 15:40 | Link to Comment Lord Welligton
Lord Welligton's picture

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.

Mon, 09/12/2011 - 14:50 | Link to Comment dwdollar
dwdollar's picture

Fourth time the charm?  As if China bailing out the Western world is bullish...  LOL...

Mon, 09/12/2011 - 14:51 | Link to Comment Corn1945
Corn1945's picture

It is scary how similar this is to 2008. Bank CEOs on CNBC. Bullshit bailout rumors flying around. Variations of "we're well capitalized".

Mon, 09/12/2011 - 15:53 | Link to Comment TruthInSunshine
TruthInSunshine's picture

We just need Cramer to come on and tell his 22 viewers that the PIIGS+France+UK are well capitalized and "fine."

Mon, 09/12/2011 - 17:48 | Link to Comment citta vritti
citta vritti's picture

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.

Mon, 09/12/2011 - 14:51 | Link to Comment caerus
caerus's picture

no way this lasts

Mon, 09/12/2011 - 14:54 | Link to Comment ZeroPower
ZeroPower's picture

Credit didtn move - Main stayed at wides, along with Xover (slightyl tighter b/o) so yes, not lasting at all.

Mon, 09/12/2011 - 14:59 | Link to Comment WonderDawg
WonderDawg's picture

Correct, my brotha from anotha motha, the ramp already died LOL.

 

Mon, 09/12/2011 - 15:42 | Link to Comment WonderDawg
WonderDawg's picture

But, now we have the daily 3:30 ramp. Shorts taking profits?

Mon, 09/12/2011 - 15:55 | Link to Comment caerus
caerus's picture

maybe...vapor volume...i don't see how we can't have a big break this week

Mon, 09/12/2011 - 14:51 | Link to Comment Ancona
Ancona's picture

Yeah, that afternoon, 100 pt., half hour levitation of the Dow on no news and zero volume just flipped back over too.

Mon, 09/12/2011 - 14:52 | Link to Comment ivars
ivars's picture

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

Mon, 09/12/2011 - 21:18 | Link to Comment Hephasteus
Hephasteus's picture

So you're saying you are still drawing random lines off the sides of charts that don't even come CLOSE to what happens.

Mon, 09/12/2011 - 14:53 | Link to Comment Let them eat iPads
Let them eat iPads's picture

China will struggle just to bail out China.

Mon, 09/12/2011 - 15:45 | Link to Comment Lord Welligton
Lord Welligton's picture

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.

 

:)

Mon, 09/12/2011 - 14:53 | Link to Comment mac768
mac768's picture

... and the sheeple follow stupidly the lemmings into the abyss

Mon, 09/12/2011 - 14:53 | Link to Comment Market Efficien...
Market Efficiency Romantic's picture

15 mins is pretty optimistic...

Mon, 09/12/2011 - 14:54 | Link to Comment DaveyJones
DaveyJones's picture

China buys the Vatican

Mon, 09/12/2011 - 14:54 | Link to Comment reload
reload's picture

China is asking for a price on the Italian Gold reserve. 

Mon, 09/12/2011 - 14:57 | Link to Comment Fips_OnTheSpot
Fips_OnTheSpot's picture

Is there any left in IT? Maybe they want some Ravioli, too.

Mon, 09/12/2011 - 15:03 | Link to Comment Translational Lift
Translational Lift's picture

The Chinese are still pissed that the It. stole their spaghetti!!

Mon, 09/12/2011 - 15:19 | Link to Comment I did it by Occident
I did it by Occident's picture

They do have a long historical memory, those Chinese. 

Mon, 09/12/2011 - 16:59 | Link to Comment Rodent Freikorps
Rodent Freikorps's picture

You know how the Mongols defeated the Great Wall?

They bribed some gate guards.

Mon, 09/12/2011 - 14:57 | Link to Comment SeverinSlade
SeverinSlade's picture

Except THIS time central banks, private investors, and entire countries are buying gold (and silver)...

Mon, 09/12/2011 - 14:57 | Link to Comment TruthInSunshine
TruthInSunshine's picture

***Breaking News***

North Korea pledges full support for European Union; Global Markets Soar.

Mon, 09/12/2011 - 15:04 | Link to Comment Translational Lift
Translational Lift's picture

Kim pulls out his wallet and says We gotcha covered!!

Mon, 09/12/2011 - 15:06 | Link to Comment caerus
caerus's picture

lol

Mon, 09/12/2011 - 15:10 | Link to Comment Arrowhead
Arrowhead's picture

Two Oclock beer just shot out of my nose!

Mon, 09/12/2011 - 17:50 | Link to Comment citta vritti
citta vritti's picture

better than a cleansing breath

Mon, 09/12/2011 - 15:18 | Link to Comment DaveyJones
DaveyJones's picture

very nice

Mon, 09/12/2011 - 14:57 | Link to Comment pschwammerl
pschwammerl's picture

I thought it was Kim. Well, let the Chinese have it, if they can afford it.

Mon, 09/12/2011 - 15:08 | Link to Comment accumbens
accumbens's picture

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

Mon, 09/12/2011 - 15:14 | Link to Comment Fips_OnTheSpot
Fips_OnTheSpot's picture

Watch out the peak today was 139 on 1yr

 

Lend one, get two!

Mon, 09/12/2011 - 14:58 | Link to Comment Racer
Racer's picture

Market at critical point and the only ammo they have left is fake rumours

Mon, 09/12/2011 - 14:59 | Link to Comment hambone
hambone's picture

But why would FT write something if it weren't true?  Poor confuzzled little sheep. 

Mon, 09/12/2011 - 15:01 | Link to Comment Fips_OnTheSpot
Fips_OnTheSpot's picture

Must be true - read it on the interwebz!

Mon, 09/12/2011 - 14:59 | Link to Comment randocalrissian
randocalrissian's picture

That half life was at LEAST 17 or 18 minutes.

Mon, 09/12/2011 - 14:59 | Link to Comment Piranhanoia
Piranhanoia's picture

10 minutes,  back to -160

Mon, 09/12/2011 - 15:01 | Link to Comment kahunabear
kahunabear's picture

This means one thing. Italy is in worse shape than most thought if the chinese vultures are scooping up claims on assets.

Mon, 09/12/2011 - 15:01 | Link to Comment kahunabear
kahunabear's picture

Oops.

Mon, 09/12/2011 - 15:00 | Link to Comment DefiantSurf
DefiantSurf's picture

Quick bring out the QE3 carrot again, this one's loosing steam!

Mon, 09/12/2011 - 15:09 | Link to Comment sleepingbeauty
sleepingbeauty's picture

QE3 carrot non-functional, bring out the QE-4 carrot.

Mon, 09/12/2011 - 15:19 | Link to Comment Troublehoff
Troublehoff's picture

If QE is the market motivational Carrot, what is the stick?

Low interest rates?

Crazy fiscal policy?

 

 

 

Mon, 09/12/2011 - 15:36 | Link to Comment DaveyJones
DaveyJones's picture

artificially low interest rates are a carrot on a whip

Mon, 09/12/2011 - 15:52 | Link to Comment Hephasteus
Hephasteus's picture

Fantastic joke.

Mon, 09/12/2011 - 15:34 | Link to Comment DefiantSurf
DefiantSurf's picture

the stick is what the carrot is hanging from in front of the jackass(s)

Mon, 09/12/2011 - 15:00 | Link to Comment f16hoser
f16hoser's picture

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......

Mon, 09/12/2011 - 15:05 | Link to Comment Fips_OnTheSpot
Fips_OnTheSpot's picture

Yeah, the Saudis bought so many we ran out of some tanks. No way to get to Paris w/o 'em. </sarc>

Mon, 09/12/2011 - 15:16 | Link to Comment NotApplicable
NotApplicable's picture

Negative? So, stuff disappeared? Wierd.

Mon, 09/12/2011 - 15:22 | Link to Comment prains
prains's picture

Except this time they come with depleted Ukrainian shells

Mon, 09/12/2011 - 15:01 | Link to Comment Peter K
Peter K's picture

He he he. Gets the suckers every time ;)

Mon, 09/12/2011 - 15:01 | Link to Comment SheepDog-One
SheepDog-One's picture

Now daily carrot and sticks in front of markets 'someone bailed out someone' and 'there was a QE3 rumor heard'....idiotic.

Mon, 09/12/2011 - 15:23 | Link to Comment DaveyJones
DaveyJones's picture

idiotic or orwellian. Is there a market anymore?

Mon, 09/12/2011 - 15:30 | Link to Comment TradingJoe
TradingJoe's picture

Hah who ever bought in here will be tostitos by tomorrow :)))!

Mon, 09/12/2011 - 15:03 | Link to Comment JohnG
JohnG's picture

Annnnnnnd.......it' gone.

Mon, 09/12/2011 - 15:05 | Link to Comment baseball13
baseball13's picture

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..."

Mon, 09/12/2011 - 15:06 | Link to Comment Everybodys All ...
Everybodys All American's picture

China and Italy have alot in common ... Mussolini and Mao go way back.

Mon, 09/12/2011 - 15:08 | Link to Comment Flakmeister
Flakmeister's picture

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.

Mon, 09/12/2011 - 15:18 | Link to Comment TruthInSunshine
TruthInSunshine's picture

Charlie 'Imma Gonna Break-A Your Face' Gasbagrino is the Main Mook of C(lown)NBC.

Mon, 09/12/2011 - 15:25 | Link to Comment Flakmeister
Flakmeister's picture

Didn't he resurface at Fox? Maybe Chuckles can team up with Geraldo to give us a 1-2 punch of investigative financial journalism.

Mon, 09/12/2011 - 16:22 | Link to Comment EvlTheCat
EvlTheCat's picture

....or maybe they can go find Al Capone's vaults again.

Mon, 09/12/2011 - 15:19 | Link to Comment vote_libertaria...
vote_libertarian_party's picture

As I read your comment I look up and CNBC is reporting "China is in talks with Italy...."

Mon, 09/12/2011 - 15:24 | Link to Comment Flakmeister
Flakmeister's picture

Like I said... it was a nice thought.

I do notice that Fox Business is never mentioned here....

Mon, 09/12/2011 - 15:27 | Link to Comment DefiantSurf
DefiantSurf's picture

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

Mon, 09/12/2011 - 15:08 | Link to Comment NOTaREALmerican
NOTaREALmerican's picture

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.  

Mon, 09/12/2011 - 16:09 | Link to Comment NumberNone
NumberNone's picture

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. 

Mon, 09/12/2011 - 15:09 | Link to Comment LookingWithAmazement
LookingWithAmazement's picture

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.

Mon, 09/12/2011 - 15:28 | Link to Comment TruthInSunshine
TruthInSunshine's picture

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????

Mon, 09/12/2011 - 15:34 | Link to Comment LookingWithAmazement
LookingWithAmazement's picture

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.

Mon, 09/12/2011 - 15:36 | Link to Comment TruthInSunshine
TruthInSunshine's picture

You should be buying all the Italian bonds you can, two-fisted leverage style.

Run along and BTFD.

Mon, 09/12/2011 - 15:50 | Link to Comment falak pema
falak pema's picture

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.

Mon, 09/12/2011 - 15:51 | Link to Comment nyse
nyse's picture

Armageddons are so 1999...

Mon, 09/12/2011 - 15:52 | Link to Comment tmosley
tmosley's picture

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.

Mon, 09/12/2011 - 15:09 | Link to Comment GCT
GCT's picture

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.

Mon, 09/12/2011 - 16:35 | Link to Comment Panafrican Funk...
Panafrican Funktron Robot's picture

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.  

Mon, 09/12/2011 - 15:10 | Link to Comment Waterfallsparkles
Waterfallsparkles's picture

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.

Mon, 09/12/2011 - 15:34 | Link to Comment SheepDog-One
SheepDog-One's picture

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?

Mon, 09/12/2011 - 15:56 | Link to Comment nyse
nyse's picture

The (pseudo-)rich morons who keep getting fleeced are the soon-to-be-non-existent bourgeoisie/middle-class, me thinks.

Mon, 09/12/2011 - 15:37 | Link to Comment slewie the pi-rat
slewie the pi-rat's picture

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!

 

Mon, 09/12/2011 - 15:10 | Link to Comment walküre
walküre's picture

Italy has one great IR department. LOL. Nice pump followed by another dump.

Mon, 09/12/2011 - 15:11 | Link to Comment sabra1
sabra1's picture

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!

Mon, 09/12/2011 - 15:14 | Link to Comment Waterfallsparkles
Waterfallsparkles's picture

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.

Mon, 09/12/2011 - 15:16 | Link to Comment reader2010
reader2010's picture

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? 

Mon, 09/12/2011 - 15:15 | Link to Comment YesWeKahn
YesWeKahn's picture

nice headline Tyler. Just in case people don't know, the entire china was at sleep when the rumor came out.

Mon, 09/12/2011 - 15:20 | Link to Comment SheepDog-One
SheepDog-One's picture

Except for that 1 guy at the 'Dept of Bailout Rumors' in China.

Mon, 09/12/2011 - 17:22 | Link to Comment Rodent Freikorps
Rodent Freikorps's picture

I wonder if that would be the Chinese version of, "Hey, y'all, watch this!"

Mon, 09/12/2011 - 15:16 | Link to Comment Stormtower
Stormtower's picture

Nice.......

Mon, 09/12/2011 - 15:17 | Link to Comment TradingJoe
TradingJoe's picture

"Me Like" just used "the ramp" to roll some options into Oct Exp Yummmyyyyy:)))) and took some profits right there eh!

Mon, 09/12/2011 - 15:20 | Link to Comment plocequ1
plocequ1's picture

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

Mon, 09/12/2011 - 15:20 | Link to Comment mvsjcl
mvsjcl's picture

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).

Mon, 09/12/2011 - 15:20 | Link to Comment ian807
ian807's picture

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.

Mon, 09/12/2011 - 15:25 | Link to Comment TruthInSunshine
TruthInSunshine's picture

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.

Mon, 09/12/2011 - 15:20 | Link to Comment Hansel
Hansel's picture

FT needs to be prosecuted for spreading this rumor.

Mon, 09/12/2011 - 15:29 | Link to Comment SheepDog-One
SheepDog-One's picture

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.

Mon, 09/12/2011 - 15:22 | Link to Comment Belarus
Belarus's picture

the computers are sure working hard today from market open to close to keep this thing from crashing...

Mon, 09/12/2011 - 15:30 | Link to Comment SheepDog-One
SheepDog-One's picture

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.

Mon, 09/12/2011 - 15:25 | Link to Comment sbenard
sbenard's picture

That half-life forecast was just about right!

Mon, 09/12/2011 - 15:28 | Link to Comment Waterfallsparkles
Waterfallsparkles's picture

Many are trying to unwind their Weelky Options from last week.  The Greece news is screwing them up.

Mon, 09/12/2011 - 15:29 | Link to Comment JohnG
JohnG's picture

Uh oh, FT reposts w/"details", cue HFT levitation ENGAGE!

Mon, 09/12/2011 - 15:30 | Link to Comment RobotTrader
RobotTrader's picture

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

Mon, 09/12/2011 - 15:31 | Link to Comment how to trade ar...
how to trade armageddon's picture

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

Mon, 09/12/2011 - 15:31 | Link to Comment chancee
chancee's picture

CAUTION: Fake SPY price action ahead

Mon, 09/12/2011 - 15:42 | Link to Comment SheepDog-One
SheepDog-One's picture

And this would differ from every day over the last 2 years, how?

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