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Worst Case Scenario Is Here: Berlusconi Says Only Option Is Early Elections
Well that rumor lastest all of 30 minutes:
- BERLUSCONI: `ONLY POSSIBILITY' IS EARLY ELECTIONS -Bloomberg
- BERLUSCONI: PRESIDENT WILL DECIDE HOW TO RESOLVE CRISIS -Bloomberg
- ITALY'S BERLUSCONI SAYS IMPORTANT TO ACT IN COUNTRY'S INTEREST -Bloomberg
In other news, G-Pap is still Greek PM. But any minute now. Aaaaaaany minute... And as a reminder, the worst case scenario was earlier determined by Credit Suisse to be the worst possible outcome of the Italian chaos.
Early elections. The most market negative option in the short-term, in our view, and a sign of incapacity to reach an agreement at the political level. Uncertainty on the outcome of the elections could last for several months, as elections would be called at the earliest in January but possibly as late as March or April. As the chart below shows, it is unclear if the current opposition will win a clear mandate. The President of the Republic will likely try to avoid an early election in all possible ways, in our view. We attach a 30% probability to this scenario.
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Sto scherzando!
The Careless Whisper Afternoon Update
Crosby & Nash To Perform Concert At OWS Zuccotti Park NYC Today 3 PM
http://newyork.cbslocal.com/2011/11/08/crosby-and-nash-to-play-at-zuccot...
Corleone Bank & Trust Settles Bid Rigging Charge
http://online.wsj.com/article/SB1000142405297020419070457702584177574540...
"Call Of Duty: Modern Warfare 3" Expected To Sell 6 Million Copies Today
http://www.businessweek.com/news/2011-11-08/-call-of-duty-begins-eighth-...
Surprise Raid On Men's Acapulco Jail Finds Prostitutes, Pot, Big Screen TVs
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VIDEO: It's The End Of Communist China As We Know It
http://www.youtube.com/watch?v=IF5WYaoWXI4#t=0m45s
VIDEO: Ron Paul Limited Edition Corvette, 100% Made In USA
http://www.youtube.com/watch?v=v_y0ctukbmw
Re: Ron Paul Limited Edition...Just can't wait to see that at Bloomington Gold or an NCRS meet.
Here is Berlusconi's official statement:
-- Silvio 'Bunga-Bunga' Berlusconi
There will be an election he can not win. Addio MF!
Don't panic. In the end, it's completely uninteresting who runs the government in Italy. If Berlusconi fails, Italian people will return to traditional chaotic behaviour and change their government every six months or so. From left to right, from right to left, from left to right and so on -- as they did in the pre-EUR decades, before Berlusconi. No sign of any "stability" on the horizon.
You've forgotten who will run the NEW Italy: Lagarde and Merkozy. This time IS different as the Greek and Portuguese can confirm ;-)
Burlesqu-oni is doing the slow, taunting departure from the stage...don't wanna hear about the afterparty..
Rumormill at 10,000rpm
Someone tell the 'market'
mark it rumor-to-market
Sell it. It very much looks like one BS rally too many, to me.
Dunno, looks like all the humans have gone home.
Yea exactly, dead empty. Only activity is stop losses getting slammed a few times per day now.
What a sick, broken market....thanks a lot Ben.
Bullish .. it.
Bloomberg:
"U.S. stocks rose for a second day and the euro strengthened as Italy’s president said Prime Minister Silvio Berlusconi has agreed to resign,"
http://www.bloomberg.com/news/2011-11-08/euro-weakens-a-third-day-before-italy-vote-as-japan-shares-fall-on-olympus.html
This is good for another post.
Whose your daddy?
Serously, it is EXACTLY when all the humans have gone home, and the machines are rallying stocks on NOTHING that you sell. Yes, you have to have the stones to hold over night, but the overnight pay days have been very, very good lately.
Don't fear the machines...use them...up until they start walking upright and firing pulse riffles. Then you can fear them.
Rumored rumor to arrive 3pm...rumor is markets are spiking in anticipation of said rumor.
Yes Ham, that worked v well -- ES are now back up around the 200day .. sure they'll think of something next!
Nah, they'll just push through a giant buy order at 3AM.
I am resigning from being the only blue-shaded-bat-winged commentor on ZH.
No -- wait ... I now have to comment on that ...
So, what was the typical 2pm news that sent the market into the green? I missed it.
maybe rumors should only be run at 3pm EST to gun market at close.
La mamma di Silvio !
Who cares about all this shit. Just buy the DOW. You've got machines working for you, the Federal Reserve, and the government, and guys that know how to make money like Buffett and Grennblatt.
Why fight it. Get it on the ride. Power hour is here!
You sound like a street corner crack dealer recruiting a child to work for you.
Fine, if it helps you sleep.
Because the US taxpayer is tired of bailing your arrogant ass on really dumb bets that you really no control of.
Equity land screaming "I can't hear Youuuuu, lalalalalaa!" What a fookin rigged game...
ding-ding-ding -- winner!
-- weiner!
Sheesh taking a page from Greece. Just let go Berlusconi. Like your Greek counter part you too will be replaced by a fed tool. So take what little balls you have left in that tiny scrotum and write your music.
Meanwhile, 3 and 5 year bungabond yields surpass the 10 year.
What comes after ludicrous speed? Whatever it is I think we've achieved it.
That's a tough one... Preposterous Speed!
The gold shipment from JPM has not yet been loaded onto his private jet.
Blue Horseshoe Bitchez!
Fight on G-Pap, ignore the smear campaign!
so resignation pops the EUR and then refuting the resignation pops the eur. love a good ponzi.
MSM will report the second story at midnight
What a bunch of fuckin morons! They must all be inbred seriously!!! The media is so desperate for any bullshit.
"Act in Country's interest"
Now THAT'S fuckin funny!!!!
hello 1,700's. Gold is back, again. thank goodness. All is well.
What the hell happened there..are there margin hike rumors?
Congrats to the US investors. Apparently none in the US know whats Italy is.
Oh nlce an early headfake 3pm rumour
Diane Swonk is an advisor to the Federal Reserve?
http://dyslexia.yale.edu/swonk.html (makes snese )
Dick Bove and Doug Kass must be pissed
and these panic meltups!!! now moving into danger overbought ranges. smells like rogue momo trading. someone is going to be slaughtered on the dowside panic sell off soon.
So stocks jumped 1/2 % on his resigning.
Now they go higher because he is NOT resigning.
Yepper, makes perfect sense.
Anything to trip all those stop losses.
Look at bund future, almost 100 tick move down. On this! Uh huh...
You know how difficult it is for the market to get off their hopium. Very addicitive. Once caught in the euphoria rush of another run up ...it takes awhile for the hopium induced lemmings to come down from their high. Like I said...reality will set in when they get the sledge hammer across the head!
The market is like Charlie Brown .. it never gets tired of Lucy pulling away the football at the last second.
Hahaha....yea that's a good one. And the market always trusts Lucy one more time not to pull it away.....suckers!!!
I dunno...I think the market is Lucy...always screwing over the regular guy...because she can and she thinks it's funny.
Ankling for better moral hazard.It's gonna go like Titanic.
Man what a rough market...just as soon as longs get the OK to pile in, all their stops get slammed thru. No matter where the market closes, everyone gets a -1% loss. Stop-lossed to death.
Gotta love the "unity" and "comaradarie"
"French President Nicolas Sarkozy called Israeli Prime Minister Benjamin Netanyahu a "liar" in remarks to US President Barack Obama overheard by journalists.
"I can't stand him any more, he's a liar," Mr Sarkozy said in French.
"You may be sick of him, but me, I have to deal with him every day," Mr Obama replied.
The exchange at the G20 summit was quoted by a French website, Arret sur Images, and confirmed by other media."
http://www.bbc.co.uk/news/world-europe-15635476
Berlu will RESIGN; and I told you so; not that you have to be TD to say that yesterday...or day before...it was written in the wind.
Fuck sake! This is just loony how much worthless rumors move the market. Welp, time to buy the rumor sale the news.
The only thing stupider than equities, has been WTI.
um dumb ass Wall Street traders...I think Italy's 10yr will reach 7% in the next 48hrs
what time does the referendum announcement come?
TYLER JINXED GOLD AGAIN!!!!!!
Geez,
Tyler is busy posting 20 times a day about all the doom and everyone keeps saying the "collapse is going to be epic" and any day now (myself included) meanwhile the DOW shoots past 12,000!
I refuse to go long any stock because it is impossible for me to find the true value of that stock. But the Fed, ECB and all the other powers that be are sure making us bears look stoopid!
Go ahead, junk away.
Repeat after me: Risk on! until all the shorts surrender.
Problem is, longs are obviously taking a beating as well with the daily -100 point plunges, tripping all stops then chug on back up again.
I know a lot of actual traders, and none of them say theyre making jack shit.
Well that is obvious after seeing the Hedge Fund Performance. It is just getting so old and tiring. I would like to invest in some sound companies so I have something for retirement in 25 years and my 1 year old has something for the future.
I want to be an investor, not a trader and they are forcing me to trade and that is bullshit!
But I know the market will eventually crash (whether that is 6 weeks, 6 months or 6 years). And that is what I am saving my money for. Although I do gamble a bit with the triple levered ETFs! But it is money I am not afraid to lose.
Hopefully a real market will occur one day in the future but it certainley ain't now!
F**k that. Just makes my resolve stronger knowing this vapor meltup is leveraged.
Long FAZ only because a few 300+ point crashes makes up for all the losses the past couple weeks.
Just die goddammit!
http://www.youtube.com/watch?v=BfeZXWXmI_0&feature=related
(Sorry about the cruddy quality, it's the only one I could find)
DavidC
Chiacchere, chiacchere, italondoli di prima categoria, that's the oxygene for the markets to move higher. I am waiting to see the dumb asses Casini, De Pietro and Bersani, Fini is already a nonvaleur, to talk, talk, talk.......und wenn sie nicht gestorben sind, leben sie heute noch
Decoupling is here. This time is different. No Greek government. No Italian government and market up 100 points.
Now you know what Ronald Reagan meant when he said "government isn't the solution it's the problem." start of the biggest economic boom since the Great Depression. Unfortunately we're still waiting for this one to end in war like the last one.
Don't worry, wallstreet will find some bullishness in any bad news.
3pm rumor was 1 hour early today. they are getting desperate
dude owns/controls 80% of the media in Italy. He will win the election.
....annnnnnnddd drop...
So does this mean we can arrest Michael Bloomberg now?
Did CME just hike margins after market close again? By how much?
I think we have witnessed the heights of market maximum retardedness over the last while. Lots of traders taking nerve pills these days. Only the market manipulators relaxing while they do their thing!
He said 'Early Erection' not 'Early Election'.
WHAT COMPLETE GOAT FU%$ , THESE BANKSTERS ARE GOING DROP CRISIS LIKE 2k lb jdam s till they get begged to take over greece,italia,port,spain,ireland,world.... let these bitchez burn
It's as I've feared... We've entered some nonsensical existence where "good news" hopium sends the market sky rocketing, and authentic bad news does little to drop it... Welcome to the Machine.
The credibility of the International Monetary Fund
The Farce is with us.
The U.S. has a strong Dollar policy (Except when we need a weak Dollar)
If this was not all so pathetic it would actually be funny and make a decent B grade movie.
"...the worst case scenario was earlier determined by Credit Suisse to be the worst possible outcome..."
Where would we be without Swiss precision, and prescience?
But when his drinking and lusting and his hunger
for power became known to more and more people,
the demands to do something about this outrageous
man became louder and louder.
"This man's just got to go!" declared his enemies
But the ladies begged "Don't you try to do it, please"
No doubt this Silvo had lots of hidden charms
Though he was a brute they just fell into his arms
Then one night some men of higher standing
Set a trap, they're not to blame
"Come to visit us" they kept demanding
And he really came
SIL SIL SILVIO
Lover of any woman he sees
There was a cat that really was gone
SIL SIL SILVIO
Italy's greatest love machine
It was a shame how he carried on
Don't worry, this will be forgotten long before the markets open. Rally on!