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Rumor Fatigue - BRIC Buying Half-Life Under One Minute
While 30 minutes ago Brazil's Central Bank policy head Mendes spoke in Brasilia saying that the "Euro is less important in Brazil international reserves", and "Brazil seeks reserve currencies with solid fiscal positions", we are now supposed to believe a rumor cited by Reuters that BRICs are setting up for coordinated buying of European peripheral sovereign debt?
It appears Rumor Fatigue has taken hold as the market rallied 6pts and then sold it all back within the same minute:
Will the AMF be investigating this one?
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Investigating? Are there any real human being even left in the building?
I just heard a rumor that Oprah wants to buy PIIGS debt ... we're waiting on confirmation ...
a rumor cited by Reuters states that Italy will reciprocate and buy bonds from the BRIC!!
Bwaaaaaaa
That rumor was corrected with a rumor that Portugal/Greece will be buying HARPO bonds. We're certain that this will result in the defeat of eastasia as well as jubilant crowds spontaneously celebrating the increased chocolate rations.
Oceania, we've always been at war with Oceania.
Oceania, Eastasia, seems that as long as they are brown and on top of our oil we have no trouble bombing them.
pods
But where is all the money going?
goo.gl/OYz0r (google translated )
goo.gl/9auGt (in German)
the comments. The Comments.
the day that never comes?
That’s all folks
QE3 = starting rumors at 3 o'clock on the dot and then letting the robots do God's work.
Been a lot of rumoring likely via that giant hedge fund called Goldman Sachs to move the market up by a mere 250 Dow points. My guess would be that GS has been selling into the strength being created because the $ started to rally and their massive carry trade positions started to unwind. They needed an opportunity to get less vulnerable.
Just a guess.
Meanwhile, the dichotomy between the EU and US markets grows ever wider:
http://finance.yahoo.com/q/bc?t=5y&s=%5ESTOXX50E&l=on&z=l&q=l&c=&c=%5EGSPC
http://finance.yahoo.com/q/bc?t=5d&s=%5ESTOXX50E&l=on&z=l&q=l&c=&c=%5EGSPC
That disparity is crazy, been watching it closely too. Europe as a whole has better fundamentals than the US. If Germans do allow Eurobonds and create greater fiscal union than you have something like the US with a much smaller trade deficit and less overall consumer / corporate (ex-financial) debt. If the weak countries are expelled from the union, the currency is the only one with discipline in the world and Europe is on the way to reckoning with reality while US still stubbornly sits in la-la land. The true reckoning has to be with US consumption, that is where the greatest imbalances lie.
Euro-bonds to the rescue!!
Ok, enough of this nonsense, tell them that BorisTheBlade himself is bailing out the entire Eurozone, cited his holdings of gold in Ural mountains as proof of his seriousness. Oh, and he has a printer, that's also important.
Ok, but you better be pretty damn serious about your printer!
You bet I am, if they refer to Ben Shalom as Ben the Helicopter, they will refer to me as Boris the Strategic Bomber, I can cover half of Europe with freshly printed banknotes in less than 24 hours. Please reserve this island for me in the first instance: http://en.wikipedia.org/wiki/Lesbos
Does she understand she can't eat PIIGS? The extra "I" does not mean PIIGS taste better.
Things keep going the way they are, pretty soon we will all be eating PIIGS, Long PIGs.
pods
Nobody without a printer is buying sovereign debt. Ultimately Timmy and Bennie will hold it all.
GOLD STRONG TODAY. RUMORS HAD NO AFFECT.
“China is a poor country with only $4,000 per capita income. To talk and think about China to rescue countries with $40,000 per capita incomes is ridiculous.”
-Yu Yongding, a Chinese top economist and former member of the central bank’s monetary policy committee
'Will the AMF be investigating this one?'
As soon as I get this STRIKE!
Maybe they're "setting up" for buying European sovereign debt after rates hit 7000%?
Brazil seeks reserve currencies with solid fiscal positions
OMFG...fiscally bitch-slapped by Brasil.
Sawtooth wave?
The macro pattern is the same as the nano pattern re: fractals?
Deploy the crocodile algo!
A little low pass filter and a backbeat gets you a #1 dance track in Ibiza.
+ Guetta. I mean good is good, but too much is too much.
Unless you got Au that.
I could saw wood with that chart.
They way they're shaking the tree, you might not need to.
OT: Considering the market is roughly flat going in the 30 minute vapor rise, I expect a close near highs for the day. Sigh.
With all the rumors, and oil making a mad dash above $90 for nothing more than Israeli/ME saber rattling while consumption deteriates, makes me wager that we are setting up for a fall next week that will be a repeat of '08.
It will be worse than 2008. All second dips are.
remember a terd has two ends to it, what matters is how long it takes between pushing and pinching (it off).
RUMOR MILL 101
Turd pushing comes in waves.....
The ramp up starts at the push. The freefall starts at the pinch.
Many a slip betwixt cup and lip.
Ramp is no cinch, between push and pinch.
My god, that was funny. I almost did the mountain dew spew.
Cool so now the '3rd' world(the new capitalists) is bailing out the 1st (the old socialists) lol
That doesn't make any sense because(in my understanding of capitalism) there are no bailouts. Free to discuss amongst yourselves I'm feeling a little... a little verklempt.
You are right, in that sense pure capitalist is something you can see in the museum.
Sooner or later these hopium wars will end in the realization that the world is insolvent and no amount of excess reserves in any country can prop up the weight of debt around the world so these monetary regimes will fall and crumble. It would behoove these so-called more 'productive economies' to plan ahead (which I'm sure they are to a certain degree) and not continue to weaken their future position by wasting away their current reserves on untenable situations like the euro or most sovereign debt issues that plague the world economy.
Truer words have never been written. In fact, I would go a bit further and state that the game is nearly over, and they know it, so all of this smoke and mirrors is to blind us to TPTB buying gold. We are all locked in steerage discussing Greece while they all scamper aboard the lifeboats.
Smiddy,
You've been saying a lot that the smackdown of PM's is correlated with CB and TPTB buying. Any smoking gun links, or are you just stating what you see with yer two eyes? I'm curious as I my instinct is you're correct, but I've not connected dots with enough conviction...
Next in line for the worthless PFIIGSB-PAPER will surely be the cyber buyers from another galaxy.
So, bullshit rumors of ineffective bailouts are becoming ineffective themselves. I'm genuinely excited to see what they try next.
I wonder if any psychics have weighed in on Greece's future yet. Astrologists, maybe...
Well the TA people are all over it so...
Don't know, but perhaps the church might step in and edict Honest Accounting as a ... Vice.
Don't know. But I do know some astrolgers that just frikkin nailed the whole Libya thing. 2 months of trouble before they got him and now they are right in the middle of a shitstorm. The people are not going to accept the new government.
Also. If you ever deal with the MSM, They will go cramer on you unlesss your charitable gets nion-taxed on a rusty metal.
The MSM is becoming irrelevant every passing day. Glenn Beck's on-line network now has more subscribers than Oprah Winfrey's cable show (OWN) has watchers.
you gotta set the hook when they run like that. Lmao
It could seriously be time to start punting on some of the commodities though
Sell futures and buy physicals. Beans, Bullets, and Bullion.
SEC anyone.... Do they still punish false rumors?
it depends on who profits.
I know, I know, the next rumor would be "Iraq central bank" buying euro bonds.
As long as they use $$ to buy them the USA don't mind. Now if they use euros............
pods
i wonder if the euro elite realize that the world is now fully aware that they have no idea what they are doing. Is it me or does this whole situation stink of absolute and utter desparation?
you do realize this whole charade is NOT about Europe. Its about Europeans banks, the uber-elites of western finance. Nobody gives a shit about the 450 million people; but they give a big shit about the 0.1% whose money is run by these TBTF shills. The lolly of the be all and the end all of this caper. And its the same story at the US; nobody gives a shit about the 300 million + sheeple, just the 0.1% Oligarchs. So what the jeezes are you sniggering about. Unless you are an Oligarch as well. This will clean out most of Main street on both sides of the pond...DO you guys know how to count...?
I know this charade turning from bad to worse its too mad to be taken seriously, but its consequences are not funny. Just too macabre.
3:30 buy programms let s goooooo:)))))
NEWS FLASH...BlowHorn [CNBC] Bob Pisani...
"All is quiet."
Lol-ing hard. You hate him, don't you?
Hate him? I feel sorry for the guy most days, what with the script flips the criminal syndicate Wall Street bankers toss at him each day. He has to know that he is going down right along with the Ponzi...and he is too worried about making his mortgage to maintain even one single principle.
It is sad, really.
source
http://www.infomoney.com.br/economia-e-politica/noticia/2208855-paises+d...
google tranlated
News
BRIC countries will discuss next week on possible aid to Europe
Comments: (0)
September 13, 2011 • 14h46 By: Tatiane Monteiro Bortolozi
SAO PAULO - Brazil, along with other BRIC countries, should discuss next week, ways to help Europe overcome the current economic crisis, according to Minister of Finance, Guido Mantega. "The BRIC countries will meet next week in Washington and will discuss how to help the EU out of this situation," said Mantega.
wolf, wolf, wolf, wolf.....
Rumor Mongering 101: Spread your rumor when the subject is unavailable for comment.
Using Brazil for a US/afternoon session rumor? C'mon Reuters, you guys know better than that!
--- Begin HFT fodder
Time for me to go long stocks! This market is way oversold!!!
--- End HFT fodder
I think they are running out of rumoured countries to buy up the Eurosludge. Hey, maybe Krugman's aliens can buy some? Banzai7 can you work with that one?
Just in on RAN Squawk:
PIIGS shit BRIC in record time
Wasn't 07 to 08 defined by rumors of subprime causing crisis/contained (depending on the wind)? This is getting too idiotic to have all these false rumors flying about unless people were putting on their bets that the market will swing the other direction. Much like Goldman selling Abacus to clients and how housing has never collapsed, while buying insurance on every traunch.
Volatility/panic/chaos is the trade. Plenty of ways to make moola, especially when the new higher-speed cable is laid between NYC and Swingin' London.
Has anyone else noticed that right when I finish jerking off another BS rumor hits the airwaves??? Two days in a row now, wtf is that shit???
One minute my shorts are looking good (and around my ankles) and the next thing I know, pop! Market rallies. Maybe I should jerk off all day and wait til the close tomorrow...
Maybe I should jerk off all day and wait til the close tomorrow...
You simply need to stop Bernanking it.
sooo....long kleenex and lotion?
India's next...
At this rate, they'll have to use Mongolia as the counterparty sooner than planned.
But, but, I already popped the cork on the champaign. Will this stuff go flat on me before the next bullish rumor?
Damn... I thought this rabithole was a bit deeper than that....
The only thing in this rabithole is the main ingredient for Hasenfeffer.
Any word from Easter Island yet?
They're all dead, but their CDS paid off and their bonus accounts are full.
Hey i'm from Canada i want us to bail out Europe to
Hey i'm from Canada i want us to bail out Europe to
you are by losing all your matches at the rugby world cup
Offer them Quebec and its unlimited mineral reserves on a plate...Sarko would love it and so would Total.
Someone knows when sarcozy and merkel is holding their pressconference tomorrow?
Someone knows when sarcozy and merkel is holding their pressconference tomorrow?
sorry for double post
New rumour, Mr John Smith of 32 Acacia Avenue is to bailout Greece by mortgaging his house subject to agreement from Mrs. Smith according to a source close to Mr. Smith AKA the Landlord of the Queen Vic.
Indices been hugging the top of a descending triangle most of the afternoon. We finally gap above it in the morning to work off oversold conditions, or we collapse to at least the bottom of it.
thanx Dr. 20th Century...didn't you get the memo TA is horse pucky?
Reserve currencies don't panhandle from the BRICs...
The stage play is a comedy. The rats are running out of room, tripping over each other on the sinking ship. They will either turn cannibal or swim for their lives.
wait till the arabs start bailing out the Euro. You ainst seen nothing yet. Every camel will be asked to contribute. in camel droppings.
What happens when theres no one left to buy back the 1 minute pumps?
I wonder what nation will step up tomorrow to save the world economy... I have my fingers crossed it's going to be Zimbabwe! :D
I'll raise you, with East Timor and Transistria.
There were no soldier deaths in august in Iraq. A radio talk show host was murdered. So that country is now fully governed by the psycopathic sociopathic ruling class. The soldiers will stick around until december. Government probably has to waste most of the dissenters to be on the "trusted" list.
So now the horrific hurdle is set up. Anyone bad enough to take them out is just as dangerous and horrific as they are so might as well stick with original horror show. The patronizing lock is on the gate. Now you run the scam. You can only beat us by being better than us. Then simply attack and destroy and perfect forever. Sick fucking fuckers.
Its all FUD (Fear Uncertainty Doubt) which Microsoft used so well to destroy its competition and eventually to dominate the market. However, in this case the FUD is FOG (FEAR OF GOOF) which paralyzes all human market participants from making any Decisions, Commitments or Actions (DCA). No human DCA means the HFTs can FUQ (Fling Uncommitted Quotes) the ICH (Institutionally Committed Holders), which in term undermines the strength of all SSM (Slow Stupid Money).
I heard Micronesia is buying Eurobonds. Time for a 200 pt meltup at 1:15!
Are PIIGS Kosher?
http://www.wallstreetbear.com/image/of_PIIGS_and_BRICs.png
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