• Knave Dave
    05/23/2016 - 18:16
    This past Thursday marked the one-year anniversary of the US stock market’s death when stocks saw their last high. Market bulls have spent a year looking like the walking dead. They’ve...

Much Ado About No Greek Headlines

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Mon, 09/19/2011 - 13:07 | 1685198 Henry Chinaski
Henry Chinaski's picture

All of the interesting stuff happens after hours.

Mon, 09/19/2011 - 13:10 | 1685213 gojam
gojam's picture


But I've found this reconstruction of what is actually happening.




Mon, 09/19/2011 - 13:16 | 1685242 Spirit Of Truth
Spirit Of Truth's picture

Yep.  One possibility is the 9/20 Greek default call is correct, i.e., Greece isn't announcing anything, they simply won't tender payment when due.  That'd certainly be a statement in and of itself.  Odds are low, but it's possible that Athens has read the writing on the wall and is ready to Iceland their creditors.

Mon, 09/19/2011 - 13:44 | 1685344 TruthInSunshine
TruthInSunshine's picture

I am laughing my ass off at this moment, and I pass thy gift to you now:

EU to call for US and Japanese action on public deficits at G20 this week according to an EU document


09-19 13:05: EU to call for US and Japanese action on public deficits at G20 this week according to an EU document


I am happy to see the EU call out little Keebler Elf, Timmay Geithner.

Mon, 09/19/2011 - 14:22 | 1685410 Spirit Of Truth
Spirit Of Truth's picture

No, no....Geithner is Hermy the elf from Rudolph the Red-Nosed Reindeer and the Island of Misfit Toys: http://www.framingthedialogue.com/wp-content/uploads/2009/06/giethner-he...


Mon, 09/19/2011 - 13:08 | 1685199 LaLiLuLeLo
LaLiLuLeLo's picture

blackout bitchez

Mon, 09/19/2011 - 13:49 | 1685362 tmosley
tmosley's picture

They say no news is good news, so it makes sense that no news would cause a sell-off.

Mon, 09/19/2011 - 13:08 | 1685201 Goldenballs
Goldenballs's picture

Silence tells more than a 1000 words.They are totally bankrupt,bring on the implosion of the banking system.Gold and Silver to infinity.

Mon, 09/19/2011 - 13:09 | 1685206 DogSlime
DogSlime's picture

Greece is suffering from Plaskovitis?

Mon, 09/19/2011 - 13:10 | 1685208 Mongo
Mongo's picture

Is that repackaged bullshit or the real underlying bullshit?

Mon, 09/19/2011 - 13:47 | 1685356 william shatner
william shatner's picture


If LEAP/E2020 had to summarize the "Hollywood style" or "Fox News" (11) scenario, we would have the following synopsis: "While the US iceberg is ramming the Titanic, the crew leads the passengers in search of dangerous Greek terrorists who may have planted bombs on board!" In propaganda terms, it’s a known recipe: it’s a diversion to allow, first of all, the rescue of the passengers one wants to save (the informed elite who know very well that there are no Greek terrorists on board) since everyone can’t be saved; and then, hide the problem’s true nature for as long as possible to avoid a revolt on board (including some of the crew who sincerely believe that there really are bombs on board).


Mon, 09/19/2011 - 13:10 | 1685210 NotApplicable
NotApplicable's picture

So, should I expect several unofficial announcements instead?

Mon, 09/19/2011 - 13:10 | 1685211 bnbdnb
bnbdnb's picture

Someone's selling gold to pay their bills. Down $30 in 1/2 hr.

Mon, 09/19/2011 - 13:15 | 1685240 SheepDog-One
SheepDog-One's picture

Bankers already know the FOMC results, dumping their paper gold into the QE3 faceplant.

Mon, 09/19/2011 - 14:48 | 1685591 Roger Knights
Roger Knights's picture

UBS maybe?

Gold is going to hit these air pockets going forward, as Euro banks and countries run out of liquidity.

Mon, 09/19/2011 - 13:10 | 1685212 FinalCollapse
FinalCollapse's picture

Sounds of silence...

Mon, 09/19/2011 - 13:10 | 1685214 RobotTrader
RobotTrader's picture



Outright chain-selling and liquidation of anything commodity-oriented.

Proceeds are promptly being used to buy more U.S. Treasuries, more U.S. Dollars, more AAPL, AMZN, CMG, or anything else that is "working"...


Mon, 09/19/2011 - 13:13 | 1685224 SheepDog-One
SheepDog-One's picture

LOL those people will soon be kornholed, just like you when you were lecturing everyone they better get all long at DOW 12,800 for that big 'debt ceiling rally' hey how'd that work out anyway?

Mon, 09/19/2011 - 13:38 | 1685323 d00daa
d00daa's picture

now it's a 'greece default rally', this asshole called dow 500+ when greece bites it.  the ultimate fade, his confirmation bias has gone full retard.

Mon, 09/19/2011 - 13:39 | 1685326 Corn1945
Corn1945's picture

I noticed NFLX fell off your pump list.


Mon, 09/19/2011 - 13:48 | 1685360 SheepDog-One
SheepDog-One's picture

Its one of Robos trading miracles, 'every post' momo shining star stocks just get erased when they suddenly tank, to be replaced by some new Momo stock fad. 

Mon, 09/19/2011 - 13:11 | 1685216 SheepDog-One
SheepDog-One's picture

I guess theyre figuring out the carrot and stick markets are no longer working.

BTW why is everyone on the edge of their seats waiting for a Greek miracle? This has gone on for months and only gotten worse, there IS no answer!

Mon, 09/19/2011 - 13:12 | 1685221 cab economist
cab economist's picture

Here we........ Gold dropping......... please move quietly to the EXITs

Mon, 09/19/2011 - 13:14 | 1685229 SheepDog-One
SheepDog-One's picture

Gold dropping = clearest sign possible QE will be a huge faceplant in 2 days.

Happy 'tradering'.

Mon, 09/19/2011 - 13:36 | 1685315 Waffen
Waffen's picture

or just an excuse for Bernake to say no commodity inflation?

Mon, 09/19/2011 - 13:38 | 1685321 nope-1004
nope-1004's picture


Mon, 09/19/2011 - 13:52 | 1685346 SheepDog-One
SheepDog-One's picture

'No commodity inflation' because of a 1 day drop and then what? Bernank is going to trick someone with that? Even if gold is down some, its STILL up 800% over the last few years. 

No I really think the banks and Wall St traders know whats coming Thursday and are blowing out their paper gold now as last hurrah. But we shall see very soon.

I just keep getting this vision of analysts on Wednesday looking at the FOMC Bernank speech 'word jumble' trying to figure out which word means he's just delivered $3.5 trillion free dollars to Wall St.

Mon, 09/19/2011 - 13:53 | 1685379 Waffen
Waffen's picture


Mon, 09/19/2011 - 13:57 | 1685390 TradingJoe
TradingJoe's picture

Yep me think so too, no money form Da Benster so no printing so no need for gold...jsut yet! Markets will tank then Benjo is coming to the rescue and jamba...gold rockets to..well fuck knows it just rockets to the moon or so, eh?!

I got the perfect recipe, I own PMs and PUTSSSSSSS! Its either/or, right?!?!

Mon, 09/19/2011 - 13:15 | 1685237 papaswamp
papaswamp's picture

Perhaps it was a ' damn we're fucked' moment?

Mon, 09/19/2011 - 13:16 | 1685243 TraderMark
TraderMark's picture

Good piece in the Economist on the world's future soldiers... err, I mean disaffected youth who can't find a job throughout the West.


Mon, 09/19/2011 - 13:19 | 1685252 youngman
youngman's picture

When they used to have press releases every hour....now nothing...to me this means something is up..bigtime...no one wants to be the bearer of bad news.....who wants to get in front of the mike and say we are bankrupt....Mr P...not.....but gold and silver are down...HUH????..I sometimes do not understand the world...we need to check up on the Dominos Pizza deliveries at the Fed, and the Greek Parliment.....me thinks they are working overtime....

Mon, 09/19/2011 - 13:51 | 1685369 TruthInSunshine
TruthInSunshine's picture

Central Banksters Like The Bernank & Trichet = The Men Who Stare At Goats (and PIIGS)

Mon, 09/19/2011 - 16:59 | 1686148 msamour
msamour's picture

Interesting reference to Domino's pizza, especially the link to Legatus. Speaking of which, it would be a good idea to keep an eye on when they have their next conference, and especially if they have an "unscheduled meeting", or emergency meeting. You never know how the markets might response to a major Legatus move.

Mon, 09/19/2011 - 13:20 | 1685253 Let them eat iPads
Let them eat iPads's picture

Troika is a Russian word for threesome.

I wonder what they're doing.

Mon, 09/19/2011 - 13:20 | 1685254 wang (not verified)
wang's picture

Buffett's (Berkshires) Billion Dollar IRS debt?



At December 31, 2010 and 2009, net unrecognized tax benefits were $1,005 million and $926 million, respectively.

Mon, 09/19/2011 - 13:20 | 1685255 wombats
wombats's picture

Fear and Loathing in Athens, Paris, Berlin, Rome, Madrid, etc....

Mon, 09/19/2011 - 13:21 | 1685256 RobotTrader
RobotTrader's picture



PM's getting sodomized by the Cartel.

Looks like a couple of commodity funds are probably going to get "Amaranthed" this week.

All pre-planned in order to prepare for the FOMC statement:  "There is no headline inflation risk".

More proof that physical markets do not matter.  It is all controlled by paper.

Mon, 09/19/2011 - 13:27 | 1685282 Bastiat
Bastiat's picture

It is all controlled by paper.

Until the paper sellers can no longer meet delivery calls.

Mon, 09/19/2011 - 13:58 | 1685399 citta vritti
citta vritti's picture

and when that happens, the delivery rules will be changed as need be

Mon, 09/19/2011 - 14:02 | 1685414 Bastiat
Bastiat's picture

Will new rules create physicial metal?

Mon, 09/19/2011 - 13:32 | 1685302 SheepDog-One
SheepDog-One's picture

'It's all controlled by paper', LOL, until it suddenly isnt. And then some people will be holding bit of paper, others base metal coins.

Mon, 09/19/2011 - 14:00 | 1685405 TradingJoe
TradingJoe's picture

yeah Austrian Dukato.s baby !!! they are soo nice looking too!

Mon, 09/19/2011 - 13:37 | 1685318 Iam Rich
Iam Rich's picture

Sodomized indeed...hence whatever the news, it is fundamentally PM positive.  Gold just before CHF-EUR "peg" loses $50 in 5min on probably the most bullish PM news in weeks.  Oh well, we'll know soon enough, but not before the folks that matter know.  Anyway, reminds me of a quote from Dan Norcini about the pre Swissie "peg" gold takedown:

"To assume that the ECB, the Federal Reserve, the Bank of England, the BAnk of Canada, and any other major Central Bank of the West did not have previous knowledge of the plans by the Swiss National Bank to debase the Franc is to live in a fantasy land and be devoid of all sound wisdom. Of course they knew beforehand as something of this importance would not be done unilaterally by the Swiss."

Mon, 09/19/2011 - 13:50 | 1685364 bbq on whitehou...
bbq on whitehouse lawn's picture

In 8 years we shall see if these prices are better then bond yields, bank CD's and even other investment options. Unless you think serious money play's cosino games.

Mon, 09/19/2011 - 13:55 | 1685387 Robslob
Robslob's picture



RototTrader...we call any drop in gold a "value added discount"...


Special thanks to Ben Bernank, JP Morgue, ShitiBank and all others who make days like today possible.



Fiat Currencies


Mon, 09/19/2011 - 13:24 | 1685270 RobotTrader
RobotTrader's picture




Another "safe haven" today.  $120 to $345 in 3-yrs.

Gimme a break........

Mon, 09/19/2011 - 13:37 | 1685319 SheepDog-One
SheepDog-One's picture

All those crap stocks are being bought up because idits are convinced theyll always be bailed out and rescued no matter what....LOL, BIG haircuts right around the corner!

Mon, 09/19/2011 - 13:53 | 1685374 bbq on whitehou...
bbq on whitehouse lawn's picture

No. Its just games, children's play. Real money (dynastic money) play no such games.

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