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

Submitted by Tyler Durden on 09/12/2011 14:48 -0400

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 | 1660522 Cdad

Banker desperation, bitchez!

Mon, 09/12/2011 - 14:55 | 1660588 TruthInSunshine

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 | 1660658 spiral_eyes

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 | 1660662 Cdad

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 | 1660675 TruthInSunshine

09-12 15:03: **UPDATE** The Financial Times has NOT run an article in regards to China investment buying Itsalian bonds & assets

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

Ponzi-Fried markets, bitchez!!!!!

Mon, 09/12/2011 - 15:13 | 1660721 DefiantSurf

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 | 1660739 TruthInSunshine

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

Mon, 09/12/2011 - 16:00 | 1661039 CClarity

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

Mon, 09/12/2011 - 15:25 | 1660797 SheepDog-One

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 | 1661441 caerus

we didn't not say they were buying bonds

Mon, 09/12/2011 - 15:24 | 1660791 SheepDog-One

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 | 1660884 Cdad

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

There, price stability!

Mon, 09/12/2011 - 15:35 | 1660885 Irish66

"HOPE"

Mon, 09/12/2011 - 15:06 | 1660671 molecool

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 | 1661309 RockyRacoon

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

Mon, 09/12/2011 - 21:16 | 1662089 Hephasteus

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

Mon, 09/12/2011 - 14:50 | 1660527 Fips_OnTheSpot

Sell the peak!

Mon, 09/12/2011 - 14:53 | 1660571 Not A Pundit

STFP!!!

Mon, 09/12/2011 - 15:05 | 1660655 Black Forest

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

Mon, 09/12/2011 - 15:12 | 1660719 Fips_OnTheSpot

what's "BTDF"?

Mon, 09/12/2011 - 15:18 | 1660757 DefiantSurf

Buy the Fuckin Dip

Mon, 09/12/2011 - 15:25 | 1660800 X.inf.capt

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 | 1660836 Sudden Debt

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

Mon, 09/12/2011 - 15:28 | 1660823 Sudden Debt

AND NOW ROLL OVER YOUR DEBT!

Mon, 09/12/2011 - 15:35 | 1660877 Fips_OnTheSpot

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 | 1660891 Lord Welligton

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

Buy The Dipping Fuck.

Mon, 09/12/2011 - 17:43 | 1661490 citta vritti

winner of the Kim @Kantor Kontest

Mon, 09/12/2011 - 15:26 | 1660806 tmosley

Buy the dip, fuckface.

;)

Mon, 09/12/2011 - 15:29 | 1660831 DefiantSurf

I stand corrected :)

Mon, 09/12/2011 - 15:48 | 1660955 Dumpster Fire

Buy the Dicking Fuck.

Mon, 09/12/2011 - 16:05 | 1661078 GeneMarchbanks

"BTDF" = Buy the Dow Fast

Mon, 09/12/2011 - 14:50 | 1660529 DefiantSurf

and cue the daily melt up on hopium

Mon, 09/12/2011 - 15:31 | 1660845 DefiantSurf

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

Mon, 09/12/2011 - 16:06 | 1661081 EvlTheCat

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

Mon, 09/12/2011 - 16:57 | 1661317 EvlTheCat

-53 is the record. Keep it up!!

Mon, 09/12/2011 - 16:37 | 1661252 Citxmech

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 | 1660531 Zonker

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

Mon, 09/12/2011 - 14:52 | 1660556 Tyler Durden

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

Mon, 09/12/2011 - 15:46 | 1660947 narapoiddyslexia

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

Mon, 09/12/2011 - 14:56 | 1660596 DaveyJones

Screaming Yellow Zonkers

Mon, 09/12/2011 - 15:18 | 1660763 Hobbleknee

that brings back memories

Mon, 09/12/2011 - 14:58 | 1660614 ZippyDooDah

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

Mon, 09/12/2011 - 15:12 | 1660712 Piranhanoia

Which Bears? The silver bears? Yogi? Smokey?

Mon, 09/12/2011 - 15:12 | 1660717 Troublehoff

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 | 1660754 JPM Hater001

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

Mon, 09/12/2011 - 15:28 | 1660818 tmosley

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 | 1660848 DaveyJones

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 | 1660909 Lord Welligton

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 | 1660532 dwdollar

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

Mon, 09/12/2011 - 14:51 | 1660538 Corn1945

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 | 1660992 TruthInSunshine

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 | 1661507 citta vritti

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 | 1660542 caerus

no way this lasts

Mon, 09/12/2011 - 14:54 | 1660572 ZeroPower

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 | 1660622 WonderDawg

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

Mon, 09/12/2011 - 15:42 | 1660920 WonderDawg

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

Mon, 09/12/2011 - 15:55 | 1661002 caerus

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

Mon, 09/12/2011 - 14:51 | 1660546 Ancona

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 | 1660553 ivars

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 | 1662095 Hephasteus

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 | 1660563 Let them eat iPads

China will struggle just to bail out China.

Mon, 09/12/2011 - 15:45 | 1660939 Lord Welligton

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 | 1660564 mac768

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

Mon, 09/12/2011 - 14:53 | 1660570 Market Efficien...

15 mins is pretty optimistic...

Mon, 09/12/2011 - 14:54 | 1660573 DaveyJones

China buys the Vatican

Mon, 09/12/2011 - 14:54 | 1660578 reload

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

Mon, 09/12/2011 - 14:57 | 1660601 Fips_OnTheSpot

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

Mon, 09/12/2011 - 15:03 | 1660646 Translational Lift

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

Mon, 09/12/2011 - 15:19 | 1660769 I did it by Occident

They do have a long historical memory, those Chinese.

Mon, 09/12/2011 - 16:59 | 1661325 Rodent Freikorps

You know how the Mongols defeated the Great Wall?

They bribed some gate guards.

Mon, 09/12/2011 - 14:57 | 1660600 SeverinSlade

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

Mon, 09/12/2011 - 14:57 | 1660602 TruthInSunshine

***Breaking News***

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

Mon, 09/12/2011 - 15:04 | 1660652 Translational Lift

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

Mon, 09/12/2011 - 15:06 | 1660666 caerus

lol

Mon, 09/12/2011 - 15:10 | 1660705 Arrowhead

Two Oclock beer just shot out of my nose!

Mon, 09/12/2011 - 17:50 | 1661519 citta vritti

better than a cleansing breath

Mon, 09/12/2011 - 15:18 | 1660760 DaveyJones

very nice

Mon, 09/12/2011 - 14:57 | 1660604 pschwammerl

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

Mon, 09/12/2011 - 15:08 | 1660685 accumbens

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 | 1660728 Fips_OnTheSpot

Watch out the peak today was 139 on 1yr

Lend one, get two!

Mon, 09/12/2011 - 14:58 | 1660606 Racer

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

Mon, 09/12/2011 - 14:59 | 1660617 hambone

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

Mon, 09/12/2011 - 15:01 | 1660635 Fips_OnTheSpot

Must be true - read it on the interwebz!

Mon, 09/12/2011 - 14:59 | 1660620 randocalrissian

That half life was at LEAST 17 or 18 minutes.

Mon, 09/12/2011 - 14:59 | 1660621 Piranhanoia

10 minutes, back to -160

Mon, 09/12/2011 - 15:01 | 1660627 kahunabear

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 | 1660628 kahunabear

Oops.

Mon, 09/12/2011 - 15:00 | 1660629 DefiantSurf

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

Mon, 09/12/2011 - 15:09 | 1660690 sleepingbeauty

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

Mon, 09/12/2011 - 15:19 | 1660765 Troublehoff

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

Low interest rates?

Crazy fiscal policy?

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

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