• Steve H. Hanke
    05/04/2016 - 08:00
    Authored by Steve H. Hanke of The Johns Hopkins University. Follow him on Twitter @Steve_Hanke. A few weeks ago, the Monetary Authority of Singapore (MAS) sprang a surprise. It announced that a...

Remember The 15 Sigma Surge In Greek Financial Stocks This Week? Here Is An Update

Tyler Durden's picture




 
0
Your rating: None
 

- advertisements -

Comment viewing options

Select your preferred way to display the comments and click "Save settings" to activate your changes.
Wed, 08/31/2011 - 15:54 | 1620192 rubyruffruff
rubyruffruff's picture

2 pic's r worth a thousand laughs...

Wed, 08/31/2011 - 15:55 | 1620199 slaughterer
slaughterer's picture

Greece: A national stock exchange index turned into a penny stock P&D.

Wed, 08/31/2011 - 16:08 | 1620295 nope-1004
nope-1004's picture

"TBTBF".... is this a new acronym Tyler?  LOL....

Too big to be f*ckd?

Too boring to bait financials?

Wed, 08/31/2011 - 16:37 | 1620429 New_Meat
New_Meat's picture

lol--keep it up, you b on a roll ;-)

Wed, 08/31/2011 - 18:26 | 1620859 Strider52
Strider52's picture

The Bank That Bought Farms?

The Back-To-Back F*ck?

Wed, 08/31/2011 - 19:56 | 1621085 DogSlime
DogSlime's picture

"The Back-To-Back F*ck?" - Perfect!  I launged enough to make me want to pee.

Wed, 08/31/2011 - 16:15 | 1620324 kengland
kengland's picture

Where do I get a "15 simga" shirt? Graphic would include a greek style stretch

Wed, 08/31/2011 - 15:54 | 1620193 Irish66
Irish66's picture

Thank goodness August is over, September will bring some truth.

Wed, 08/31/2011 - 15:54 | 1620194 monopoly
monopoly's picture

These markets are so broken. Now we are up 65 after being red 5 minutes ago. What a wreck this planet has become.

Wed, 08/31/2011 - 16:00 | 1620239 Nothing To See Here
Nothing To See Here's picture

+1

And IMO, the markets are not just broken, they're not markets anymore. More like zombie markets. Few small investors are still in it, they're now mostly crowded by state agencies, pension funds and large banks (i.e. state agencies, state agencies and state agencies).

I would not be surprised if these abominations of "markets" could keep levitate to record highs even in the presence of mass unemployment such as in the 30's.

Wed, 08/31/2011 - 16:48 | 1620480 Debugas
Debugas's picture

rigged casino roulette

Wed, 08/31/2011 - 15:54 | 1620196 Gubbmint Cheese
Gubbmint Cheese's picture

what caused the jump in the Dow/S&P 30 or so minutes ago?

Wed, 08/31/2011 - 15:55 | 1620203 gatorontheloose
gatorontheloose's picture

afternoon delight

Wed, 08/31/2011 - 15:56 | 1620207 papaswamp
papaswamp's picture

closing bell ramp on no volume...must ...close...green

Wed, 08/31/2011 - 15:57 | 1620217 So Close
So Close's picture

Your avatar name.

Wed, 08/31/2011 - 15:58 | 1620220 Racer
Racer's picture

Usual shenagins for end of month spies queues and diamond witches

Wed, 08/31/2011 - 16:02 | 1620252 Cognitive Dissonance
Cognitive Dissonance's picture

The penis implant is failing in the last few minutes. All they have left is bubble gum and Band-Aids.

Wed, 08/31/2011 - 15:55 | 1620201 Ellesmere
Ellesmere's picture

TBTBF ?

Please explain.

Wed, 08/31/2011 - 15:55 | 1620202 Racer
Racer's picture

I need an electron microscope for the second chart!

Wed, 08/31/2011 - 15:56 | 1620206 Id fight Gandhi
Id fight Gandhi's picture

Isnt this rare?

Wed, 08/31/2011 - 16:07 | 1620282 Long-John-Silver
Long-John-Silver's picture

It's so cooked it well done

Wed, 08/31/2011 - 16:09 | 1620298 DeadFred
DeadFred's picture

It should be. Under the assumption of normal distribution in statistics 15 standard deviations is about 1 in a gazillion probability (to be technically acurate), but markets don't have normal distribution so those "rare" events happen a lot more than expected. Jokingly I suggest that stochastic statistics be used instead. After all two bankrupt banks becoming one bankrupt bank is a stochastic event and must be bullish, correct?

Wed, 08/31/2011 - 17:43 | 1620701 Id fight Gandhi
Id fight Gandhi's picture

Does that markov stuff work here?

Wed, 08/31/2011 - 15:56 | 1620212 kito
kito's picture

http://online.wsj.com/article/BT-CO-20110831-704995.html

 

so greece is discussing "cash" collateral with finland. so, ummm, greece, who has no cash, is looking to "borrow" more cash, which will be a loan that is based on "cash" collateral????  huh????

Wed, 08/31/2011 - 16:16 | 1620328 myne
myne's picture

Finland will deposit the cash to the new bank.

The new bank will write a loan to the value of the cash*10.

10% of the new loan will go to Finland as collateral.

Greece buys lube, condoms, marshmallows and wine.

Everyone gets fucked doggy style around the bonfire that was their economy while snacking on roasted marshmallows and quaffing Dom Perignon 53

Wed, 08/31/2011 - 16:20 | 1620348 Oh regional Indian
Oh regional Indian's picture

Crazy world. Maya!

V

Wed, 08/31/2011 - 17:37 | 1620671 kito
kito's picture

how is the whole indian wedding-gold-silver story looking for sept?

Wed, 08/31/2011 - 17:44 | 1620703 Id fight Gandhi
Id fight Gandhi's picture

Doubt it's a factor.

Wed, 08/31/2011 - 15:57 | 1620221 ABG LINE
ABG LINE's picture

LoL.

Wed, 08/31/2011 - 15:58 | 1620225 Cognitive Dissonance
Cognitive Dissonance's picture

15 times your pleasure, 15 times your fun. Makes sense to me.

http://www.wrigley.com/global/brands/doublemint.aspx

Wed, 08/31/2011 - 16:38 | 1620441 New_Meat
New_Meat's picture

them Wrigley Twins were always hot.  Octo-Mom only had eight.  How unlikely is it to have 15 babez? ;-)

- Ned

Wed, 08/31/2011 - 15:59 | 1620231 DeadFred
DeadFred's picture

Kind of reminds me of the S&P from 2013

Wed, 08/31/2011 - 16:02 | 1620254 achmachat
achmachat's picture

hello, fellow time traveller.

Wed, 08/31/2011 - 16:12 | 1620307 DeadFred
DeadFred's picture

Don't I know you from that conference in 2016?

Wed, 08/31/2011 - 16:12 | 1620308 DeadFred
DeadFred's picture

Don't I know you from that conference in 2016?

Wed, 08/31/2011 - 16:31 | 1620407 Sudden Debt
Sudden Debt's picture

what made you come back twice to this time?

Wed, 08/31/2011 - 16:16 | 1620327 Sudden Debt
Sudden Debt's picture

did you bring that sports almanac I asked you for?

Wed, 08/31/2011 - 16:00 | 1620244 Sudden Debt
Sudden Debt's picture

I love mirages :)

They give lemmings hope. They all go for it AND BOOM BITCH!!! YOUR DEATH AND BROKE!!!!!!!! WHOEHAHAHAHAHAHAHAHA!!!!!!

Wed, 08/31/2011 - 16:03 | 1620259 RobotTrader
RobotTrader's picture

 

Maybe Whole Foods Market should open some "superstores" in Greece.

$10 to $66 in the worst recession since the 1930's, still selling stuff marked up 300% because it has a "green" label on it.

Nobody seems to be bothered by the 62 P/E ratio, either....

Wed, 08/31/2011 - 16:05 | 1620267 achmachat
achmachat's picture

i can assure you that every produce you can buy in Greece is "greener" than Whole Food's stuff

Wed, 08/31/2011 - 17:47 | 1620718 Id fight Gandhi
Id fight Gandhi's picture

Whole foods just takes money from the stupid and uppity people who shop for groceries. Organic is bullshit anyway. Funny how women get wrapped up in the whole foods bs to eat natural then go off and pop antidepressant and birth control pills.

Wed, 08/31/2011 - 17:48 | 1620721 kito
kito's picture

thanks robo, if it wasnt for you we wouldve never guessed the market is failing to price in reality.

Wed, 08/31/2011 - 16:05 | 1620271 disabledvet
disabledvet's picture

CANDYGRAM FOR MONGRO! CANDYGRAM FOR MONGRO!
"me mongro! Me like candy!"

Wed, 08/31/2011 - 16:06 | 1620278 JohnG
Wed, 08/31/2011 - 16:07 | 1620281 fbrothers
fbrothers's picture

Running on empty.

 

Wed, 08/31/2011 - 16:07 | 1620283 mynhair
mynhair's picture

Looks like a BTFD opportunity to me.

 

But I need new glasses.

Wed, 08/31/2011 - 16:10 | 1620301 Long-John-Silver
Long-John-Silver's picture

But I need new glasses.

 

These are nice and inexpensive too. I get all my glasses from them.

Wed, 08/31/2011 - 16:19 | 1620344 mynhair
mynhair's picture

Thanks, tho I was afraid to click the link, knowing you.

Wed, 08/31/2011 - 16:12 | 1620306 wandstrasse
wandstrasse's picture

but '15 sigma move' sounds really impressive, like '18 teraflops cluster computing' or '14.000 horsepower nuclear submarine engine'...

Wed, 08/31/2011 - 16:18 | 1620339 Sudden Debt
Sudden Debt's picture

why would you put horses in a submarine?

 

Do NOT follow this link or you will be banned from the site!