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We're going to need a rumor volatility index, and options on said index immediately.
Can I margin that 50 to 1?
Now...spin? Or another headline in 10 minutes refuting this one. Stay tuned and don't touch that dial while we break for commercial.
All of this spin is making me dizzy...and nauseaous.
And its still only THURSDAY and we're seeing this level of spin and desperation already? Damn what will FRIDAY look like?
...while we break for commercial.
Do we have a TOTUS stand-up today? I missed the last episode on the jobs bill live tour.
While TOTUS experienced only a brief moment of liberation. We regret to report, TOTUS will be undergoing Cognitive-Behavioral Therapy for some time.
Just bring in some hookers and turn it into a orgy.
Gotta get Mario Draghi up to speed on the CB lifestyle.
Party while Athens burns!
Party like it's 1999!
Like rearranging deck chairs on the Titanic.
Iceberg, what Iceberg?
Gemany can't leverage without court approval, since a leverage EFSF is a second-order sovereign bailout, contravening Maastritche Treaty.
Germany will have to go to a referendum. And with 90% of German in the Nein camp leverage EFSF is non-starter. If I were Greek, I'd start buying property in Deutscheland to protect my wealth.
you are classic TD
i dont agree with all your views (that gold is savior I suppose is main one I disagree with) but you are so on top of getting news out with cogent clear color -highly gifted Tyler Durden is yes....
as to EU -they are opening all the doors and realizing there are brick walls behind most of them, monsters behind many, and Amish women behind the rest
This is sheer artistry...to look like one is doing something while not actually doing something that really needs to be done but can't so let's pretend we're doing something or at least not announcing that we are not investigating a plan to form a scheme to avoid doing something.
Spin?! This is pure quantum chromo financial dynamics baby!
WYNN down 5%+. #WYNNING!
They are just managing expectations. If they went into the weekend talking and then came out with nothing, the markets would freak on Sunday night/Monday. Now no one expects anything and nothing will come this weekend so they are just kicking the can down the road.
Since there's no viable answer to the problems, expect more of these, "we won't be reaching a decision this weekend" announcements in the coming weeks/months.
Go long rumors and you'll make a killing.
But isn't Greece AT THE CLIF EDGE?
Exactly. Schaeuble talking of "expectation management", lately.
Lenin would be proud of him.
We already know what the decision will be. They will do the normal things bankers do and leverage the 400B to 4-16 trillion. The people taht make and or change the rules are the ones in trouble. Therefore they will do whatever the hell they want.
In singapour, if someone lies like this, his tongue would be cut.
Bullshit... Minister Mentor and his hand picked court lies constantly... Most democratic communist government around.
The can has been kicked so much its now just a little nub of aluminum.
market probably loves it. more space/potential for baseless rumors and retard melt-ups. As long as the market doesn;t tank on reality, space for lies/deceit and fraud is always welcomed by these motherfuckers.
I like turtles.
I'm a great zombie
Why make a decision today when you can put it off until tomorrow? The Politician's modus operandi
1 9 8 4
Ha ha , he said "dial". This SHOULD be a TV show- "As The World Burns".
OT-Turkey and Kurds hittin it again
Sarkoz: ECB will leverage EFSF
Sarkoz: Wait I will come to you
Sarkoz: So how about that leverage
Sarkoz: Wait my wife is having a baby, talk later
Sarkoz: Hey, I´m back - it´s a girl !
Sarkoz: What ?
What should be now clear to even the most simple minded German politician is that Sarkozy is showing clear signs of desperation. It means that he's either a megalomaniac, who is obsessed with getting his own way, or the France is in a far worse situation than has been revealed, or both.
The reason why Sarko is willing to gamble France's AAA rating to leverage the fund is because he knows the AAA is no reflection of reality, and it's either leverage or bust.
Hey, Sarko - how much debt lies hidden in all these state owned entities and local authorities? What tricks have your clever bankers done with loans disguised as derivatives to keep them off balance sheet? How come France is so wealthy when nobody appears to do very much?
Whats France so worried about? Just do like Bank of America and JP Morgan and transfer trillions in bad CDS bets to the backs of the peasantry! Why not!
Oh yea, dont worry about that we're still having our meeting! After all, the catering was paid for and we're not going to let another opulent feast most people of the world could never DREAM of seeing even once in their lives go to waste, or get donated to the starving peasantry....but of course we will decide nothing. Now sit down and shut up, peasants! Youre lucky we let you live at all!
It's amazing to watch the market move up and down based on each headline. This must be why the market just headed south.
There is no solution. There will not be a solution. To believe Germany and France who have so different interests going forward can quickly negotiate a deal AND get the others to pass it as well is not only naive. It is outright stupid! Look at the efficiency of the EU administration and parlament. Look at regional and even national agendas. It simply will not pass.
That said; the can will be kicked. Election time is coming up. No one wants to look weak and incompetent. No one wants to lose the elections. All that is needed is patch work.
Be sure that the wound (Greece) will be patched. Perhaps will this give time for banks to deleverage (read; sell their toxic assets to stupid long term thinking Sovereign Wealth Funds and others.) Then again, they have had plenty of time, so guess the short lived rally to provide nothing but inflated shareprices and sweet tooth bonuses for the high paid, criminal thinking execs. If the shareholders survive in this round, expect them to get extremely well paid off before it all crashes next time around that recession comes knocking on the EZ door.
To say this is like watching paint dry would be an insult to paint.
NASDAQ megaphone pattern on daily chart indicates big move ahead.
USD weekly chart remains bullish and as predicted for some time further dollar upside expected.
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