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Yeah... cause you know... that will solve everything... it's all sunshine and unicorns from now on.
Wow. Absolutely frigging nuts.
Some relevant music:
(Chosen in honour of all the algos, and in honour of the massive tsunami of defaults we'll see when Greece goes under)
pulling from the archive
Compare that to the top 5 banks in the US (a list which excludes hedge funds such as Goldman Sachs).
Unfortunately for Europe, there is a dramatic concentration of bank assets precisely in some of the most precarious regions. Which is why Germany may have kicked the can down the road for at least a month, but the issue will come back with a vengeance for the simple reason we have noted from the start of this crisis: only Bernanke has a money printer. Everyone else actually has to produce "stuff", sell it and collect taxes if they want to fill catastrophic budget deficits. And the latter, as we have seen, is something the developed world has been horrible at doing over the past decade, courtesy of the Goldman-facilitated innovation explosion.
Asia-> America "capitalism"
America-> Europe "socialism"
Africa...fucked as usual..."colonialism"
The ALGO must bid it up before it can sell it off. Must hit targets, must fill gaps, must retrace, must must must.
The Bank of America in St. Louis is surrounded by cops and barricades refusing to allow customers in to withdraw money. They're telling them that they have to use ATM's or do their banking on-line. Wait for it, it's coming to a neighborhood near you.
Riots, it's what's for dinner.
Is this a joke or for real? Can you cite a source?
I wish I'd had my camera yesterday, the parking lot at a local BAC was absolutely packed. I thought business was booming.
Or maybe acct closings.
The website being down for several days looks like an on-line bank run. Something smells rotten. Maybe I'm just paranoid.
well its not raining in STL today, and that video has people carrying umbrellas.... something is off.
It's not rain, it's tears
here is the story
Shenanigans. That video is from Aug 12 2011 during a rally in which people were protesting.
You can't protest at a bank, duh. <snarf>
Putting your deposit into Banksters of America is entrusting your grandfather's trust fund into Goldman Sach's hands.
They seem to do this often:http://dangerousintersection.org/2011/08/13/bank-of-america-forbids-withdrawal-of-money-protest/
source, link, proof?
Is it 3:30 yet? Yep, right on Q!
Welcome to the Truman Show.
Loving every minute of this--watching these desperate fucks try sooooo hard to stop the bleeding, only to have the credit markets come along and chop off the other arm. "It's a bloody flesh wound! I'll gnash you with my teeth!" Hahahaha.
Wait for it because the arms are now gone, next will be the legs so that it can't run while it gets put down.
Btw where did you get that coconut shell?
And the unicorns shit "Skittles" too...
Yea, no kidding. Sunshine and Unicorns here we come. This is what you call EPIC FAIL!!!!!!!!!! Now what about the servicing of the debt (180 billion euro's) that must be sent out to all the bond holders including Belgium, who's going to pay that? If Belgium (I don't know why they are calling this debt backed also by the Belgium govt., because didn't they dissolve their govt. over a year ago?) can't service this debt, then essentially what they did was say we are defaulting.
Tyler is getting picky, picky, picky...
You can't expect markets to look forward 24 hours, er, 8 hours, uh, oh whatever.
Dexia stock going to zero. France going to be put on ratings watch. Short this rally
BAC is black.
The stock market is not rallying because of that supid bank news, it is going up because Kim Kardashian has bought a Ferrari, we should all buy one now we know what to drive.
MS ramp to the moon! Short the EOD BS.
Epic rally is epic
Epic dollar fall is epic.
I assumed it was because investors were optimistic that the Japanese might learn a thing or two about entombing toxic shit from this exercise.
Fade this BS
Whew! I was getting worried there for a bit.
A bear rally that lasts 2 or 3 days can kill you though...
I'm so glad I covered my shorts this morning. I'll keep an eye on my candidates and put it back on once they show weakness again
These vacuum tubes are as clever as the chairSATAN
they have to keep squeezing shorts to keep the 'markets' from collapsing.. yeah, healthy that is
Another press release to the rescue.
Big dollar dump there in the last 40 minutes.
yep...and the front of Bob Pisani's pants just exploded.
What the hell ???? Ha ha just noticed S&P and Dow charts looks like this W
Edit: That lasted for about a minute - can't believe this crap!
must.... close.... green....
Nah it is the weak story by the FT about some coordinated EU plan to recap the banks.
Amusingly the Spanish Finance Minister came out this morning after the meeting and specifically said the the EU ministers DID NOT talk about a recap plan.
There is an increasingly shared view that we need a concerted, co-ordinated approach in Europe while many of the elements are done in the member states,” Olli Rehn, European commissioner for economic affairs, told the Financial Times. “
So there you have it the mouth piece of the EU versus an actual Finance Minster.
Amusingly the Spanish Finance Minister came out this morning after the meeting and specifically said the the EU ministers DID NOT talk about a recap plan
I guess they discussed it in the afternoon session...
"Amusingly the Spanish Finance Minister came out this morning after the meeting and specifically said the the EU ministers DID NOT talk about a recap plan"
Well Tyler, you've sum it up as it is! And the thing is the markets will hopefully realize tomorrow that things are indeed as you wrote and then turn south.
And the DOW moves to positive territory.
Manic-depressive psycho clownfest.
All day trading profits erased in 30 minutes on this idiocy... gotta love this market.
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