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Moody's Hammer To Fall At 4 PM

Tyler Durden's picture





 

From Bloomberg citing CNBC, which apparently is where Moody's leaked all its data

  • MOODY’S TO UNVEIL BANK DOWNGRADE AT 4PM: CNBC
  • CNBC SAYS B OF A L-T DEBT RATING TO BE CUT BY 1 NOTCH BY MOODYS
  • CNBC SAYS CITI, JPM AND GS L-T DEBT RATING WILL BE CUT 2 NOTCH

So... this leaves Morgan Stanley with the dreaded 3 notch cut which automatically springs up to $9.6 billion margin calls and memories of AIG? Assume crash positions.

Oh, and for our Canadian friends:

  • CNBC SAYS THE MOODY’S ACTION WILL INCLUDE 1 BANK FROM CANADA
 


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Thu, 06/21/2012 - 15:32 | Link to Comment Temporalist
Temporalist's picture

Airlines tell you to put your head between your legs because it snaps your neck faster upon impact.

Thu, 06/21/2012 - 15:33 | Link to Comment camaro68ss
camaro68ss's picture

S meets Fan.

Fuck you MS!

Thu, 06/21/2012 - 15:36 | Link to Comment SHEEPFUKKER
SHEEPFUKKER's picture

Awesome leak.  Surely there were no SEC violations here. Wait, what's the SEC? My bad. 

Thu, 06/21/2012 - 15:46 | Link to Comment FlyoverCountryS...
FlyoverCountrySchmuck's picture

Sure explains the huge sell-off in Gold today, doesn't it.

Somebody has to cover some pretty huge margins, it seems.

Thu, 06/21/2012 - 15:52 | Link to Comment ZerOhead
ZerOhead's picture

In February Moody's said U.S. bank Morgan Stanley and Swiss banks UBS (UBSN.VX) and Credit Suisse (CSGN.VX) could be cut by up to three notches.

There could be cuts of two notches for Barclays (BARC.L), BNP Paribas (BNPP.PA), Citigroup (C.N), Credit Agricole (CAGR.PA), Deutsche Bank (DBKGn.DE), Goldman Sachs (GS.N), HSBC Holdings (HSBA.L), J.P.Morgan (JPM.N) and Royal Bank of Canada (RY.TO).

Moody's has said there could be one notch downgrades for Bank of America (BAC.N), Royal Bank of Scotland (RBS.L) and Societe Generale (SOGN.PA).

Thu, 06/21/2012 - 15:54 | Link to Comment MonsterBox
MonsterBox's picture

Why are these "rating agencies" allowed to do this?  Isn't there some kind of Executive Order prohibiting sheeple panic and bank runs?

Drilling on GS, BoA, JPM, foreign countries banksters... Seriously....Moody's et al are lucky to still be breathing....

Thu, 06/21/2012 - 15:56 | Link to Comment El Viejo
El Viejo's picture

Correct me if I'm wrong, but institutional investors will have to respond in some cases. No??

Thu, 06/21/2012 - 15:58 | Link to Comment HoofHearted
HoofHearted's picture

couldn't happen to more deserving bastards....er, banks...

Thu, 06/21/2012 - 16:02 | Link to Comment Dr. Richard Head
Dr. Richard Head's picture

Cash on hand?  Check

Silver/Gold on hand?  Check

Depends?  Check

 

Thu, 06/21/2012 - 16:04 | Link to Comment Oro
Oro's picture

Anything?

Thu, 06/21/2012 - 17:26 | Link to Comment Alea Iactaest
Alea Iactaest's picture

Haters gonna hate: MS up 54c AH right now...

Thu, 06/21/2012 - 23:33 | Link to Comment TruthInSunshine
TruthInSunshine's picture

Temporalist said:

 

Airlines tell you to put your head between your legs because it snaps your neck faster upon impact.

 

 

Tyler Durden:  [pointing at an emergency instruction manual on a plane] You know why they put oxygen masks on planes?

Narrator:    So you can breath.

Tyler Durden:    Oxygen gets you high. In a catastrophic emergency, you're taking giant panicked breaths. Suddenly you become euphoric, docile. You accept your fate. It's all right here. Emergency water landing - 600 miles an hour. Blank faces, calm as Hindu cows.

Thu, 06/21/2012 - 15:59 | Link to Comment ZerOhead
ZerOhead's picture

Business must be slow for them... and I guess some of the aforementioned banks didn't want to get shaken down and refused to pay up.

Now we get to find out which ones... can't say they weren't warned...

Thu, 06/21/2012 - 16:05 | Link to Comment Dr. Richard Head
Dr. Richard Head's picture

And the sheep with deposits at these banks still stay with these banks, oblivious to the liability side of the ledger far outweighing the asset side.  You think those folks would have listened to the warnings.  Kind of hard to hear the warnings over Miley Cyrus' ass checks hanging out I guess.

Thu, 06/21/2012 - 16:31 | Link to Comment NotApplicable
NotApplicable's picture

You mean I shouldn't have skipped that "news" story?

Oh... well, fine then!

http://www.dailymail.co.uk/tvshowbiz/article-2162461/Miley-Cyrus-bit-che...

Thu, 06/21/2012 - 16:58 | Link to Comment catacl1sm
catacl1sm's picture

Nice find.

Thu, 06/21/2012 - 16:12 | Link to Comment MarsInScorpio
MarsInScorpio's picture

Sell that gold! Drop that price! I'll buy - I'll buy!!

-30-

Thu, 06/21/2012 - 15:46 | Link to Comment knukles
knukles's picture

And they (along with S&P, et al) haven't even yet begun to fuck over the EU/EBC.

What an opportunity to set the ratings process "right"
The Europeans just cut off thier own dicks.

Gonna need lots of popcorn, honey.

Thu, 06/21/2012 - 15:51 | Link to Comment GCT
GCT's picture

I was thinking the same thing knuckles when the euro politicians are now going to rate their own bonds. 

Thu, 06/21/2012 - 15:59 | Link to Comment jus_lite_reading
jus_lite_reading's picture

The world is ONE catastrophe from total economic meltdown and no amount of printing will stop it...

Margin calls on the nines!!! 

Thu, 06/21/2012 - 15:51 | Link to Comment ugmug
ugmug's picture

Unless porn sites report financial news then the SEC employees will never know what's happening from day to day. 

Thu, 06/21/2012 - 16:07 | Link to Comment Dr. Richard Head
Dr. Richard Head's picture

I would bet the google trends of search terms originating from the SEC would be dealing with Octomom and the sort.

Thu, 06/21/2012 - 16:11 | Link to Comment brooklynlou
brooklynlou's picture

Octomom ... Bullish!

Thu, 06/21/2012 - 17:01 | Link to Comment dark pools of soros
Thu, 06/21/2012 - 16:05 | Link to Comment Troll Magnet
Troll Magnet's picture

Surely there were no SEC violations here. Wait, what's the SEC? My bad. 

It's the South Eastern Conference, you dummy!  Come.On!  Don't you watch TV?

Thu, 06/21/2012 - 15:39 | Link to Comment veyron
veyron's picture

so MS = Mega $hit?

Thu, 06/21/2012 - 15:41 | Link to Comment Divided States ...
Divided States of America's picture

Canadian Bank?? Nice...Must be CIBC or Bank of Montreal

Thu, 06/21/2012 - 15:45 | Link to Comment TruthInSunshine
TruthInSunshine's picture

Bernanke hasn't delivered more Krugmanrands (i.e. massive amounts of new, additional debt-derived fiat, to be deposited into the TBTF, wards of the taxpayers banks & Wall Street), yet, so the TBTF taxpayer teat-sucking parastic drain financial players have  rigged this to tank in a big way so they can prime the pump again.

It's 2008's, Hank Paulson's "tanks in the streets & martial law if Congress doesn't give me a blank check and The Bernank a green light, bitchez," redux, deja vu, v2.0.

In other words, they're going to throw a big, loud tantrum, tanking 401(k)s, until they get what they want.

 

 

Thu, 06/21/2012 - 15:49 | Link to Comment Plymster
Plymster's picture

I guess we get to find out if Jamie Dimon was correct about a TBTF bank being able to fail...

Thu, 06/21/2012 - 15:55 | Link to Comment GCT
GCT's picture

Truth I may be wrong on this but the only reason the Fed is not doing QE right now is because of the elections.  If the fed starts QE too early commodities will be sky high during the election period.  Look for it in September or October.  This administration can then get on the MSM and speak about how he save the USA and bam he is reelected.

Timing is everything to politicians.

Thu, 06/21/2012 - 15:51 | Link to Comment canadiandollar
canadiandollar's picture

but.....but... i was told our banks were "the best in the world"? you mean i was lied to????? (sarc)

i believe CIBC was one of the banks here that was the largest holder of ABCP (or at least the most leveraged). i would guess that is the bank in the crosshairs.

Thu, 06/21/2012 - 16:02 | Link to Comment ZerOhead
ZerOhead's picture

Royal

Thu, 06/21/2012 - 15:45 | Link to Comment Plymster
Plymster's picture

So rather than say, "Shit meets Fan", you choose to go with the more PC, "S meets Fan".

Then you say "Fuck you MS!".

Crap-boobs-crap!  You give cursing a bad name!  ;-P

Thu, 06/21/2012 - 15:54 | Link to Comment camaro68ss
camaro68ss's picture

yeah i dont know what i was thinking. lol

Thu, 06/21/2012 - 15:54 | Link to Comment American34
American34's picture

Margin calls should be renamed Euro Calls!

Thu, 06/21/2012 - 15:56 | Link to Comment beaker
beaker's picture

Notice how the big gold hit days come when one of these banks have collateral calls?  Last time was when the JPM trade was first in the news.

Thu, 06/21/2012 - 16:09 | Link to Comment Dr. Richard Head
Dr. Richard Head's picture

Naked shorting I am sure.  I can't imagine these banks actually have any assets to speak of. 

Negative Reserve Banking is gonna getcha.

Thu, 06/21/2012 - 16:41 | Link to Comment Silver Bug
Silver Bug's picture

90% of the banks out there should be junk status. If not higher.

 

http://jimrickards.blogspot.ca/

Thu, 06/21/2012 - 17:07 | Link to Comment vast-dom
vast-dom's picture

Shit splatters fan! Blades and shit go flying!

Thu, 06/21/2012 - 15:35 | Link to Comment battle axe
battle axe's picture

I guess Gorman from Morgan Stanley, didn't blow Moody's good enough. 

Thu, 06/21/2012 - 15:49 | Link to Comment Everybodys All ...
Everybodys All American's picture

Paging Warren Buffet.

Thu, 06/21/2012 - 15:51 | Link to Comment SHEEPFUKKER
SHEEPFUKKER's picture

Another 5 billion dollar rubber ducky bathtub deal?

Thu, 06/21/2012 - 16:59 | Link to Comment johngaltfla
johngaltfla's picture

Maria B is pissed off. She must have turned old Warren Buffett down for a quickie in the elevator. She really wanted to cover this downgrade herself and not let the lose your money fast clowns do it.

Thu, 06/21/2012 - 15:33 | Link to Comment SilverTree
SilverTree's picture

Drum-roll please!

Thu, 06/21/2012 - 15:32 | Link to Comment EscapeKey
EscapeKey's picture

All priced in already. Unless they are only downgraded 1 notch, then it's hugely bullish.

Thu, 06/21/2012 - 15:41 | Link to Comment AccreditedEYE
AccreditedEYE's picture

You sound just like Peter Tchir...  http://www.tfmarketadvisors.com/ 

Thu, 06/21/2012 - 15:33 | Link to Comment BurgundianRon
BurgundianRon's picture

PPT must've asked 'em to hold until after the bell.

Thu, 06/21/2012 - 15:35 | Link to Comment Monkeyfister
Monkeyfister's picture

Yeah-- wouldn't want the Markets to flush entirely down the toilet today. Best to leave some for the second flush tomorrow morning.

Heh.

Thu, 06/21/2012 - 15:43 | Link to Comment Marginal Call
Marginal Call's picture

Tomorrow is the ramp up on new QE rumors. 

Thu, 06/21/2012 - 15:47 | Link to Comment Dr. Engali
Dr. Engali's picture

This is just a courtesy flush. The big one is coming.

Thu, 06/21/2012 - 16:17 | Link to Comment TonyCoitus
TonyCoitus's picture

LOL! Fucking hilarious. Huge belly roll!

Thu, 06/21/2012 - 16:19 | Link to Comment spankfish
spankfish's picture

"courtesy flush"... glad to see someone here had proper toilet training.

Thu, 06/21/2012 - 16:40 | Link to Comment Monkeyfister
Monkeyfister's picture

Heh... yep.

Futures continuing their slide. I'm going to need to pop a LOT of popcorn, tomorrow.

Thu, 06/21/2012 - 16:50 | Link to Comment BeetleBailey
BeetleBailey's picture

I am quite fond of going into any bank and taking a wicked one in their public toilet - then NOT flushing!

Thu, 06/21/2012 - 15:43 | Link to Comment duo
duo's picture

Except those trading PMs, who seem to have heard about this around 9:45 AM EDT.

Thu, 06/21/2012 - 15:34 | Link to Comment Conman
Conman's picture

3:30 ppt where are yoouuuuuu ..echo. echo..

Thu, 06/21/2012 - 15:37 | Link to Comment Comay Mierda
Comay Mierda's picture

got the afternoon off.  they are coming in later tonight to ramp the fuck out of futures though

Thu, 06/21/2012 - 15:56 | Link to Comment Sudden Debt
Sudden Debt's picture

Damned new computer systems...
They don't even have the Divx codexes to play the downloaded porn on...

Thu, 06/21/2012 - 15:34 | Link to Comment slaughterer
slaughterer's picture

Time to line up the last shorts of MS at $14.00  Quick, before I get them all. 

Thu, 06/21/2012 - 15:59 | Link to Comment Alea Iactaest
Alea Iactaest's picture

Priced in. Maybe buy some Jul or Aug puts if you feel the need to gamble a little.

Thu, 06/21/2012 - 15:34 | Link to Comment And Its Gone
And Its Gone's picture

Snooze.   Wake me up when the dow is below 8k.....

 

Thu, 06/21/2012 - 15:34 | Link to Comment Cognitive Dissonance
Cognitive Dissonance's picture

"Assume crash positions."

Can I kiss my honey money goodbye first?

Thu, 06/21/2012 - 15:42 | Link to Comment cossack55
cossack55's picture

There has not been any "money" for at least 50 years.  You may, of course, kiss your fiat goodbye.

Thu, 06/21/2012 - 15:38 | Link to Comment Jlmadyson
Jlmadyson's picture

Live to see another day MS. 1 notch; man oh man so lucky today.

Oh that is for BOA. 3 notch still on the table for MS then? Still say no more than 2.

Thu, 06/21/2012 - 15:45 | Link to Comment bdc63
bdc63's picture

I agree. 2

Thu, 06/21/2012 - 15:35 | Link to Comment centerline
centerline's picture

Damn.  I was going in the direction of beer googles per a previous post.  Now it's crash helmets.  Man.  I can't keep up anymore.

Thu, 06/21/2012 - 16:11 | Link to Comment Dr. Richard Head
Dr. Richard Head's picture

I'm thinking a crash helmet with beer holders and straws attached might be appropriate now.

Thu, 06/21/2012 - 15:34 | Link to Comment BlueStreet
BlueStreet's picture

FYCNBC

Thu, 06/21/2012 - 15:35 | Link to Comment CommunityStandard
CommunityStandard's picture

Hoping for some major Margin Stanley fallout.  Hopefully it's not been priced in......   too much hoping, I think.  The market likes to toy with my emotions.

Thu, 06/21/2012 - 15:35 | Link to Comment Boilermaker
Boilermaker's picture

Why would this mean anything in this artificial environment?

I won't be surprised at all to see the SPX gunned back up 30 handles tomorrow.

Thu, 06/21/2012 - 15:41 | Link to Comment HelluvaEngineer
HelluvaEngineer's picture

I think you mean before breakfast.

Thu, 06/21/2012 - 15:44 | Link to Comment acompletedouche
acompletedouche's picture

Rumors should be good for at least 60 handles straight up in the overnight session,easy money for "Da boys"...

Thu, 06/21/2012 - 15:35 | Link to Comment Village Smithy
Village Smithy's picture

Mark Zandi wrote it in the bottom of the Starbucks latte he brought in just for his friend Stevie Liesman.

Thu, 06/21/2012 - 15:35 | Link to Comment pods
pods's picture

So have the oxygen masks fallen out of the ceiling at MS?  Or have they just unplugged the phones?

pods

Thu, 06/21/2012 - 15:44 | Link to Comment Temporalist
Temporalist's picture

"Oxygen" masks just muffle the screams.  If I owned an airline I'd use NOX.

Thu, 06/21/2012 - 15:35 | Link to Comment FranSix
FranSix's picture

Quantitiave easing is workit.  Is workit real good.  When do they upgrade gold?

Thu, 06/21/2012 - 16:02 | Link to Comment El Viejo
El Viejo's picture

When only banks and govts and institutions are allowed to own it.

Thu, 06/21/2012 - 15:37 | Link to Comment brockhardman
brockhardman's picture

And when Jamie Dimon returns home for the evening, he will also cut 2 notches into his bedpost (he likes to keep track of how many times he screws his muppets). 

Thu, 06/21/2012 - 15:37 | Link to Comment vote_libertaria...
vote_libertarian_party's picture

Whaaaaat???

 

How could this be?

 

They all passed multiple stress tests.

 

New Federal rule.  Downgrades are a sign of STRENGTH!!!

Thu, 06/21/2012 - 16:37 | Link to Comment No Euros please...
No Euros please we're British's picture

Right on, we're playing European rules now. Long on banks and sovereign bonds.

Thu, 06/21/2012 - 15:38 | Link to Comment Vincent Vega
Vincent Vega's picture

Headline on Bloomie earlier today: Moody's Said to Be Poised to Announce Bank Downgrades Today.  From the article: Moody's Investor Service has told banks it may later today announce downgrades of the credit ratings of as many as 17 lenders and securities firms with global capital market operations, according to two people with knowledge of the plans.  The announcement may come after the close of trading in New York today, said one of the people, who asked not to be identified because the information is private. "as policy we don't comment on the timing of potential future rating actions" Abbas Qasim a NY based spokesman for Moody's said in a phone interview.

Thu, 06/21/2012 - 15:39 | Link to Comment PartysOver
PartysOver's picture

Go Long Guns, Ammo and Gold.   The GAG philosophy.

Oh, and copper.  Got make the fermenting gear.  Its # 4 on the priority list.

 

Thu, 06/21/2012 - 15:39 | Link to Comment mayhem_korner
mayhem_korner's picture

 

 

So did the margin call liquidations take place during today's trading hours, before the downgrades?  Inquiring minds want to know...

Thu, 06/21/2012 - 15:39 | Link to Comment TrainWreck1
TrainWreck1's picture

Fock! Not the First Ottawa Bank of Igloos!

Damn, eh?

 

Thu, 06/21/2012 - 15:58 | Link to Comment canadiandollar
canadiandollar's picture

its the only place keeps my loony fresh.

Thu, 06/21/2012 - 16:00 | Link to Comment FranSix
FranSix's picture

Know your history.  The first bank was Molson's bank.

Thu, 06/21/2012 - 15:39 | Link to Comment Boilermaker
Boilermaker's picture

Crash position is the position you prefer your dead body to be found in!

Thu, 06/21/2012 - 15:57 | Link to Comment catacl1sm
catacl1sm's picture

certainly not with my head between my legs. People might get the wrong idea.

Thu, 06/21/2012 - 16:18 | Link to Comment knukles
knukles's picture

Whoa...

Can you see the by-line on the obit?

Thu, 06/21/2012 - 15:40 | Link to Comment nomorebuyins
nomorebuyins's picture

Keeping with the bad news is good news mood, this seems like this could turn positive by 8am and turn into another face ripping rally.

Thu, 06/21/2012 - 15:45 | Link to Comment And Its Gone
And Its Gone's picture

Bad news = easing = good news. 

Just pass a ammendment to the constitution that the dow isn't allowed to go down and all ecconomic trouble is over...

Thu, 06/21/2012 - 15:40 | Link to Comment Seasmoke
Seasmoke's picture

BLACK FRIDAY

Thu, 06/21/2012 - 15:40 | Link to Comment Jlmadyson
Jlmadyson's picture

There is just no way MS could survive on $10 billion margin call.

Thu, 06/21/2012 - 15:47 | Link to Comment JohnG
JohnG's picture

Bring out the file boxes.

Thu, 06/21/2012 - 15:53 | Link to Comment Shitters_Full
Shitters_Full's picture

And shredders.

Thu, 06/21/2012 - 15:53 | Link to Comment V in PA
V in PA's picture

Sure they can. Same way AIG did. With the gift of stolen money.

Thu, 06/21/2012 - 15:42 | Link to Comment caimen garou
caimen garou's picture

I guess rating agency's are going to get down graded next by the dictator of the US before the markets open tomarrow

Thu, 06/21/2012 - 15:42 | Link to Comment fonzannoon
fonzannoon's picture

no fn way they cut ms 3 notches. no way.

Thu, 06/21/2012 - 15:42 | Link to Comment casino capitalism
casino capitalism's picture

Time for the banks to take over their own ratings.  Who knew - the biggest threat to the rating agency business model is that the debtors will do their own ratings.

Thu, 06/21/2012 - 15:42 | Link to Comment Arnold Ziffel
Arnold Ziffel's picture

4pm!?

But that's when Happy Hour begins!

Thu, 06/21/2012 - 15:51 | Link to Comment BlueStreet
BlueStreet's picture

Shorts have been experiencing it all day, YIPPY!

 

 

Thu, 06/21/2012 - 16:01 | Link to Comment Sudden Debt
Sudden Debt's picture

Luckely, over here, happy hour is only on a friday!

Thu, 06/21/2012 - 15:44 | Link to Comment Splootch
Splootch's picture

cool...they are going to upgrade 1 canadian bank

Thu, 06/21/2012 - 15:45 | Link to Comment the not so migh...
the not so mighty maximiza's picture

Hows that making up your own ratings going?

Thu, 06/21/2012 - 15:46 | Link to Comment Jim in MN
Thu, 06/21/2012 - 15:58 | Link to Comment Gringo Viejo
Gringo Viejo's picture

Further, by my back of the envelope calculations, when and if the dollar hits 90, paper gold will be worth $1 and ounce and you'll have to pay people to take silver off your hands.

Thu, 06/21/2012 - 15:47 | Link to Comment carbonmutant
carbonmutant's picture

Decline in the Morning tapering off to a midday rally...

Thu, 06/21/2012 - 15:48 | Link to Comment LouisDega
Thu, 06/21/2012 - 15:50 | Link to Comment Jlmadyson
Jlmadyson's picture

Also interesting they are going with a Thursday dump unlike the S&P Friday dumps

Thu, 06/21/2012 - 15:56 | Link to Comment Conman
Conman's picture

summertime - fatboys taking 3 day weekend in montauk

Thu, 06/21/2012 - 15:55 | Link to Comment canadiandollar
canadiandollar's picture

just glad i have my silver beside me and food in the cupboard. when a bankrupt country borrows at twice the rate at which it lends money to another broke country, i really can say i have lost all faith in the ability of even everyday human beings to be rational and sane. bring on the end, im tired of waiting.

Thu, 06/21/2012 - 16:31 | Link to Comment web bot
web bot's picture

I've lost count... swap lines, QEx, 2Billion per day deficit, unfunded liabilities, the list goes on...

The world is totally and completely #ucked. If anyone things otherwise, then you are totally and completely #ucked. Ten years ago, derivatives didn't even exist... they now total $600,000,000,000,000 ($600 trillion).

I went to a Canadian bank today and as of August 1st, they reserve the right to take up to 4 days+, depending on your transaction, to provide you with your funds for cheques and "other instruments". Soros is right... the Euro ends within 3 months and we'll be seeing runs on the banks. While Canadian banks have always had the right to withhold funds for a period of time, the fact that they have this nice brochure tells me they are preparing for something. They know something is coming and that the cascade effect from Europe will hit North America like a tsunami.

We are witnessing the decline of what was once a great empire and the world as we know it.

 

Thu, 06/21/2012 - 15:56 | Link to Comment cliffynator
cliffynator's picture

After "Drop the Hammer" is "Cock the Hammer":

http://youtu.be/9Bn3BA3EPCo

 

Thu, 06/21/2012 - 16:26 | Link to Comment Umh
Umh's picture

?

Thu, 06/21/2012 - 16:39 | Link to Comment cliffynator
cliffynator's picture

It's a veiled suggestion that people may be violently upset at the pending downgrades.

..And it's a pretty darn good song!

Thu, 06/21/2012 - 16:04 | Link to Comment zebra
zebra's picture

it's not a crash, just a little turbulance

http://www.youtube.com/watch?v=S7pXjQ16f5c&feature=player_embedded

Thu, 06/21/2012 - 15:59 | Link to Comment Sudden Debt
Sudden Debt's picture

THANK GOD!! My puts where killing me!
And I'm shorting the full deck of cards here! Life is good!

Thu, 06/21/2012 - 15:58 | Link to Comment zebra
zebra's picture

SP500 to ZH: mock me!

Thu, 06/21/2012 - 15:58 | Link to Comment BurningFuld
BurningFuld's picture

tick-tock

Thu, 06/21/2012 - 15:59 | Link to Comment HD
Thu, 06/21/2012 - 16:07 | Link to Comment slewie the pi-rat
slewie the pi-rat's picture

  <--< so what?

   <--< so fuking what?

we got risk0ff (act surprised among yerselves) and the goldilocksCrisisTM is part of timmah & cuckooChanel's plan which is being euro-summited to angela (and the german high courts) in its present form by marioECB while the new greek goobermint gives her a hot-foot

Thu, 06/21/2012 - 16:14 | Link to Comment knukles
knukles's picture

The more things stay the same, the more they don't change.

Thu, 06/21/2012 - 16:09 | Link to Comment canadiandollar
canadiandollar's picture

according to CNBS, RBC is the canuck bank on the list. wonder if i should just cash my paycheque instead of stashing it.

Thu, 06/21/2012 - 16:18 | Link to Comment FieldingMellish
FieldingMellish's picture

Baked in today's hammering?

 

zzzzzzzzzz.........

Thu, 06/21/2012 - 16:19 | Link to Comment Marginal Call
Marginal Call's picture

Not even close.  We're just getting down to where we were before the QE hopium.  Magin Stanley goes down, that will be an avalanch. 

Thu, 06/21/2012 - 16:19 | Link to Comment 20-20 Hindsight
20-20 Hindsight's picture

Let's see what happens tomorrow before we can all scream: "Halleluiah!"  We all know how hard it is to kill the beast...

Thu, 06/21/2012 - 16:25 | Link to Comment SimpleSimon
SimpleSimon's picture

Option 1 - The banks ban rating agencies and decided to rate themselves.

Option 2 - Obama and Bernanke get on the phone with Moody's to have a friendly chat about how rating agencies are faring in Europe, Egan Jones is fairing in the US and the missing period after one of the sentences on their rating agency application forms.

 

Moody issues an upgrade call.

Its so simple to fix unpleasant situations.

Thu, 06/21/2012 - 16:38 | Link to Comment sudzee
sudzee's picture

Ratings cuts will be delayed until after the close of makets on Friday. Moody's, due to a breakdown in communications, was not able twit info to all of its wall street buddies.

Thu, 06/21/2012 - 16:39 | Link to Comment FieldingMellish
FieldingMellish's picture

Egyptian electoral commitees give quicker results than this... and probably more honest too.

Thu, 06/21/2012 - 16:48 | Link to Comment DavosSherman
DavosSherman's picture

Jamies dick got even shorter.  Negative mm's

Thu, 06/21/2012 - 16:49 | Link to Comment FranSix
FranSix's picture

Moody's has already downgraded ING which directly affects ING Canada, with its mortgage lending practise:

http://www.winnipegfreepress.com/business/moodys-downgrades-ing-bank-of-canada-after-downgrading-parent-company-159238375.html

Thu, 06/21/2012 - 16:50 | Link to Comment ZippyBananaPants
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what a bunch of pussies, afraid to release

Thu, 06/21/2012 - 16:56 | Link to Comment nomorebuyins
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Wait a second, we can't report negative news... Quick Nomura put a $40 price on FB, oh that's more like it. What were we talking about? Aaaaah the pain is gone.

Thu, 06/21/2012 - 17:04 | Link to Comment semperfi
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it will be 400pm somewhere when it happens

Thu, 06/21/2012 - 17:05 | Link to Comment Piranhanoia
Piranhanoia's picture

What time zone is the 4:00 advertisement?   Mountain time is next.  Eastern and central have gone by.

Thu, 06/21/2012 - 17:07 | Link to Comment Olympia
Olympia's picture

Global Debt Crisis

The greatest private fraud of human history.
Who are the great fraudsters who are becoming the murderers of the human kind? How does the economy "illness" threaten Democracy and the freedom of people?

http://eamb-ydrohoos.blogspot.com/2012/01/global-debt-crisis.html
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By knowing what happened in indebted Greece, where loan sharks created “bubbles” and the current inhuman debt, one can understand the inhuman plan in total ...understand where this plan started just to bring all states at the same end ...understand how this type of plans are established...

Thu, 06/21/2012 - 17:09 | Link to Comment thedrickster
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Globex reopens in 53 minutes for the night, methinks we wait for "liquidity".

Thu, 06/21/2012 - 17:09 | Link to Comment Ullage_Report
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Couldn't MS just sell some of their Treasury inventory (~$60b) off in order to post out? Their pure "margined" securities only represents $141 of a $781 billion dollar balance sheet, anyway. They are not on the "hook" for much more than ABCP (paper). This is not AIG.

Thu, 06/21/2012 - 17:18 | Link to Comment No One
No One's picture

Obviously Moodys has been told to hold off on official releasing these downgrades until all Insiders have the chance to set up their trades.

Thu, 06/21/2012 - 17:27 | Link to Comment optimator
optimator's picture

MS should reallyl rally big time tomorrow, just think about how much FED bucks will be rolling in to their coffers.

Thu, 06/21/2012 - 22:09 | Link to Comment Go Tribe
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"Banks"? Really?

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