- advertisements -
Will the Euro version of David Tepper please take the stage.
What good is the downgrade "review" when it is announced after the fact that shareholders lost 10% in a day due to act of 1 trader?
Bring back glass steagall!
Otherwise UBS depositors, shareholders, bailing out tax payers all lose just so that some trader can have a shot at making millions in gambling bonuses.
they won't lose anythng unless they foolishly sell out on a one day panic; which obviously some idiots did; but you can't protect idiots from themselves.
IQ 145 is pretty good but obviously you don't have it because smart people don't need to show off their IQ because they know people with higher IQ exist.
good luck supporting banks on ZH
Reminds me of when Stan O'Neil was made CEO of Merrill and the Muslim went to the white hut.
Seems to have worked out well for Merrill and UBS.
Closing the gate after the cattle left. typical.
Well then Moodys, why not Goldman?
Why not Wells Fargo?
Rogue traders, bitchez!
Wonder how long it takes before it turns out the guy didn't lose $2B, but $2M, and they used the loss excuse to hack off a bunch of other forex losses on his bad luck? Need someone to kill, afterall. And ya can't kill the whole forex team.
Fight Club / Project Mayhem.
His name was Kweku Adoboli.
Down Grade due too some idiot?? but not for any of the 1,000 and 1 other reasons?
that is just good ole' fashion quality..
I mean Freedom of Speech!
What institutions would like to retain me? so that I might share my opnion(s), in a non-recourse agreement of course!
I said this earlier but it is worth saying it again!
PEOPLE BAD!! Machines Good! Algo's are your friend's!
Yea, 1 fund guy lost $1 billion dollars so the bank must be downgraded, meanwhile on the same day we find the Gubmint has given out $19 billion in unemployment checks BY MISTAKE...all is well in Lunatic USA!
Horses-->gone. Barn door must be locked. Barn's back door still wide open.
Moody's kickback kitty must be running low...
Boggles the mind that such a thing could occur at UBS. A Nigerian? Generally speaking when banks start getting laid low you get this stuff as well. I'm expecting something big vis a vis Greece. This thing is all Germany's fault--they said they had it for 5 billion in December of 09--and now look at it. There is a solution. Clearly someone needs to take deep breath "over there." And solve it.
The economy is a shit hole, the world is bankrupt, our markets are bogus, and the banksters are lying again. Buy, Buy, Buy.
It's the only way hedge funds can make money. Burn the shorts. Because all honest investors have left.
When this is all covered, nothing will be left.
We are "Worse than Japan Now".
im not as sharp as you guys when it comes to the markets, but heres my take...
i think alot of money is coming over the pond, leaving europe, and being invested in the U.S.
mostlyin the bond and stock market, which is why the market is, at least, maintaining....
i dont know, jus my take....
Well then the money should come right back out and back to Europe now that theyre announcing all these wonderful bailouts for Europe. I cant believe Im reading people here on ZH who are actually believing 'up we go from here definitely till about December or so', bunch of degenerate gamblers.
well, dog, i learned along time ago,, if you cant hold it in your hand, dont spend money on it.
these mqrkets seem way too confusing to me, so ill stay away.
i here alot of talk of the dollar being indexed to gold, which usually leads to outlawing private ownership of gold, so, again, ill stay away
i just hope our government will do the right thing and fix this......
I heard the same sentiment earlier today from someone-
Isn't it a logical contridiction to make the statement that you can't trust anything you can't hold in your hand, and then in the next breath, say that you intend to stay away from gold?
Just what is it you think is a better investment if you're looking for a place to store your wealth? Durable goods are fine and dandy, but a person only needs so much "stuff," and eventually, you run into problems with storage space.
As far as I'm concerned, food stockpiles and the like are just good common sense- at any time, really- but you can't account for everything, and you still need a form of money to fill in omissions that are in even the best laid plans. So, your options are really PMs or paper currency for that, and the case for the current paper standard having reached the end of it's natural cycle is pretty strong.
i apologize, 418, my PM are silver dimes, that is what my safehaven is. i believe after todays visit to the coin shop, i have reached my critical mass point. so, i guess i get to start living life again, bust out some popcorn, and watch the fireworks. have fun, boys.
How dare you call me a gambler you...you...Sheepdog!
That's exactly correct, Captain. There's no reason to doubt this. They didn't sell 7.46 million shares of Bank of America today to Granma and Granpa, and likewise for the completely stupid prices bid up for the treasury bonds.
i, in my humble way of thinking, do not believe that was wise of them. our markets will run these guys through a woodchipper, just to extract every dime these europeans have invested, but i maybe overreacting.....
Well I hope the shorts are now burned and go away. Im not even 50% believing this 'shorts' excuse anyway, who is really going all in short on Mondays DOW 10,800? Whatever, one thing is certain, its all full retard.
Shorts are gonna get smoked tomorrow, Dow 12,500 here we come !
Whatever, check into Gamblers Anon quick.
I hope so, Im only got a 1/3 of my short position in at the close today, I'm expecting 3 more days of rally 1240-1250 max.
They're laying on the floor moaning and bleeding from the ears. The "survivors" will get smoked tomorrow, and Monday, and Wednesday, etc.
As Trim Tabs sez, there really is no accounting for where the money is coming from....hmmmm??? Sometimes I'm concerned the markets may not be entirely honest.
Yea whats-his-name at Trim Tabs is always confused and baffled about whats going on...he must trade by gypsy fortune teller or something.
Moody's downgrade, fitchez...
this is the same risk profile in all banks.....ideally all of them should be downgraded......there are dickheads in all the other banks too
I still want to know if it's socgen that's telling ubs I want my money or UBS telling socgen I want my money.
UBS to downgrade Moody's....
Upgrade, downgrade, retrograde, bad grade, fuck-if-I-care-grade-Moodys-gives-anything.
i can't stop laughing
I hate to be redundant....
....balls in the mouth
That was quick!
Futures closed for ten minutes?!? Hellooooooo ?!?!? Someone caught on the wrong side called it in?!?!?! Well American idols are toast :)))! I don't even feel pity for them, you super suckers deserve ITTTTT!
I hope everyone participating in this shit gets burned to a crisp, and soon too.
all this is no different than the weather...we may all want a sunny day bout 80 degrees, but it's going be what it's gonna be. I feel for you brother as this game is so crooked but find some good and joy that is around you...otherwise you will be consumed in the fire.
Billions of blistering blue barnacles.
Seen Tin Tin and Snowy lately?
Must be reiterated: "The decision by central banks to cooperate in providing liquidity to europe shouldn't be interpreted as progress in stemming the crisis, it should be read as proof positive that Greece is going to be allowed to default. I believe the announcement will be forthcoming as soon as the swap facility is in place."
I come here for the writing. That first paragraph is delicious.
word - ZH fucks w/ the non-sense others try to peddle as reality. And since it seems we all gonna go to the wall, we might as well laugh on the way.
Buffett is just trying to make his BoA poochscrew look better by having his company downgrade somebody else
Tips: tips [ at ] zerohedge.com
General: info [ at ] zerohedge.com
Legal: legal [ at ] zerohedge.com
Advertising: ads [ at ] zerohedge.com
Abuse/Complaints: abuse [ at ] zerohedge.com
Advertise With Us
Make sure to read our "How To [Read/Tip Off] Zero Hedge Without Attracting The Interest Of [Human Resources/The Treasury/Black Helicopters]" Guide
How to report offensive comments
Notice on Racial Discrimination.