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Snapshot Of Pure Lunacy
This is a snapshot of pure market lunacy.
- Rumor on: 3:25 pm: ESM FUND TO BE GIVEN A BANKING LICENSE ACCORDING TO A DRAFT - RTRS
Zero Hedge then tweets following:
... sure enough not even 2 minutes minutes later:
- Rumor off: 3:45 pm: GERMANY REJECTS DRAFT MEASURES INCLUDING BANKING LICENCE FOR ESM
And this is what all this insanity looked like:
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rule by press release, bitchezz!!
Sign me up! Any advice on how I can put money to work in the "market"? I hear its a great diversification and growth tool and should be a major part of my asset allocation!
Anybody?
money doesn't work except by ponzis
It's over. The desperation level is going hypercritical. They have no answers. Any and all claims that an answer has been reached are promptly crushed. The credibility has gone from minimal, to zero to utterly embarrassing.
They have failed. Anyone still long and hoping for a Christmas rally is officially the "meat on the bone" waiting for the vultures.
They still need to lure greedy investors into their ponzi scheme. The middle class still sit on too much wealth.
They will absolutely, positively, construct a completely fake rally, on the back of even more manipulated government statistics.
Note that Wall Street "algos" are literally Googled nowadays:
http://thespiritoftruth.blogspot.com/2010/10/wall-street-is-googled.html
Maybe some folk are taking advantage of this?
Interesting that the word "lunacy" is used in the article heading.
We are currently in a Puetz eclipse crash window associated with the lunar eclipse on 12/10:
http://thespiritoftruth.blogspot.com/2011/12/bob-prechter-on-breakout.html
Somebody must be profiting from these rumours and it would be great to se an investigation start now.
An investigation?
When they never even bothered looking into who bought puts on AA and United prior to 9/11, what hope is there for anyone to uphold the law and actually *gasp* look into controversial security issues now?
Denninger is right - the market is completely broken, and given that the big security houses will now steal all deposits, there will be zero incentive to trust them - or anyone - with funds.
Somebody must be profiting from these rumours and it would be great to se an investigation start now.
Who junked you? Personal beef? They are waiting for the retail investor to come in so they can sell to a sucker as you stated in another way.
Honestly, I don't give a shit. As if downvotes on an online forum really affect me. Hell, I'll downvote myself.
where's RoboTrader?
Where's my idiot brother..??
He's at the local pawnshop, selling his silver eagles.
The price of pm's dropped today and he's afraid the bottom will drop out of silver.
Needs to cover his Netflix losses...
Where's my idiot brother..??
He's at the local pawnshop, selling his silver eagles.
The price of pm's dropped today and he's afraid the bottom will drop out of silver.
Needs to cover his Netflix losses...
... stashing TFD on GRPN
Absolutely correct, and the market know it. ES doesn't give a rat's ass about valuation any more, it only cares about access to credit that can be used to further the ponzi. End game? Yes. And I will say it again, this is not a market, this is a casino in an insane asylum. Anyone still dealing in paper is an idiot.
Calling it a casino is being too nice. At least at a casino you know the house has the odds and what the odds are. Here, if you're not an insider, then you need to be 'lucky'.
It WAS a casino, in which the house ultimately won, but one could get lucky from time to time. This then gradually turned into a crooked casino, where a part of the proceeds of stolen funds was used to lube the politicians.
Why do you think the French rebelled.
who does number 2 work for?
Money, schmoney...we've got re-hypothecation.
YABADABADO!!!
But see, this is how it works. Back in the day, I couldn't understand what business model of all these companies that did free press releases for you.
Now we know. They are the feedbots.
And someone is making money, big time. This rumor knowledge is profitable stuff it seems.
ORI
/the-plan/
I wonder how long until they declare war on europe....
I can imagine Obama would like to park a brace of Nimitz carriers in the Baltic with a view to getting Merkel to get her act together and stop pissing around with a failed experiement that could collapse uncontrollably and take the world with it.
totally...this is like a 10-ring circus over there in EUland. And this frickin EUR is a huge component of the SDR and all the other baskets.
There's simply no mechanism for anyone to take control and all the best-laid plans of printing by the Fed have seemingly been for naught because the Germans think their export mercantilist ponzi is somehow "real" while the money they lent to Italy to buy the shit they produce was "living beyond means."
Or perhaps they've learnt the lessons of judenfotzen as applied to the Weimar period
It's spelled Judefetzen, incogman.
Max Fischer, Civis Mundi
Jake Gittes: So there's this guy Walsh, do you understand? He's tired of screwin' his wife... So his friend says to him, "Hey, why don't you do it like the Chinese do?" So he says, "How do the Chinese do it?" And the guy says, "Well, the Chinese, first they screw a little bit, then they stop, then they go and read a little Confucius, come back, screw a little bit more, then they stop again, go and they screw a little bit... then they go back and they screw a little bit more and then they go out and they contemplate the moon or something like that. Makes it more exciting." So now, the guy goes home and he starts screwin' his own wife, see. So he screws her for a little bit and then he stops, and he goes out of the room and reads Life Magazine. Then he goes back in, he starts screwin' again. He says, "Excuse me for a minute, honey." He goes out and he smokes a cigarette. Now his wife is gettin' sore as hell. He comes back in the room, he starts screwin' again. He gets up to start to leave again to go look at the moon. She looks at him and says, "Hey, whats the matter with ya. You're screwin' just like a Chinaman!"
[laughs hysterically]
That bit was funnier when Hackett did it in the 50s.
Ugh
Too funny. Way to go Tylers.
Noah Cross: You may think you know what you're dealing with, but, believe me, you don't.
[Gittes grins]
Noah Cross: Why is that funny?
Jake Gittes: That's what the District Attorney used to tell me in Chinatown
This is absurd! The 80B Euros to be paid in capitol was to take 5 years!!! the 520B callable capitol is how they get to 600B
The ESM - a "permanent bailout fund" will now be fast tracked to July 2012 with a lending capacity of 500B Euros - with capital already not paid in. Do they think this will quell the run on the overindebted Euro nations? Which nations will put the dough in? And up the IMF lending capacity with another 150B Euros. Oh and ony 85% vote needed so little Slovenia or Finland can't hold them up? This is a farce!!!
Majority vote ruled unconstitutional today by Finland.
Jean-Claude Juncker has a bazooka, it's obvious ...
Luxemburg will bail out €U in no time.
Wall Street has become a cage full of coke-addicted rats running from one lever to another. Pathetic.
Jesue I hope RobotTradre bot that rally....that was quick...
No he timed the top perfectly and was short the whole way back down. He is perfection, just ask him.
http://funpics.classicfun.ws/var/albums/Funpics/On%20the%20Internet%20no...
Jake Gittes: How much are you worth?
Noah Cross: I have no idea. How much do you want?
Jake Gittes: I just wanna know what you're worth. More than 10 million?
Noah Cross: Oh my, yes!
Jake Gittes: Why are you doing it? How much better can you eat? What could you buy that you can't already afford?
Noah Cross: The future, Mr. Gittes! The future. Now, where's the girl? I want the only daughter I've got left. As you found out, Evelyn was lost to me a long time ago.
Jake Gittes: Who do you blame for that? Her?
Noah Cross: I don't blame myself. You see, Mr. Gittes, most people never have to face the fact that at the right time and the right place, they're capable of ANYTHING.
Not even a half-life...
At least EZ members are refuting their own rumors a little more promptly now...
They don't even give us time to comment on the rumors before they are denied...
Evelyn Mulwray: She's my daughter.
[Gittes slaps Evelyn]
Jake Gittes: I said I want the truth!
Evelyn Mulwray: She's my sister...
[slap]
Evelyn Mulwray: She's my daughter...
[slap]
Evelyn Mulwray: My sister, my daughter.
[More slaps]
Jake Gittes: I said I want the truth!
Evelyn Mulwray: She's my sister AND my daughter!
what is the volume today?
Shitty across the board.
"... sure enough not even 2 minutes minutes later:"
......20 minutes
...And it's gone!
Somebody had to type it.
SIMON HOBBS
http://www.youtube.com/watch?v=wmin5WkOuPw
I happened to have it on mute and that was very funny visual. Well done appreciate it, I think this place keeps me relatively sane now.
RobotTarder can't even catch a break!
He's been yappin' his mouth the past couple weeks... Here's one vote to prolong the pain for him.
Thank You, Thank You, German Finance Ministry et al...
This is getting pretty crazy. I always wondered what the crash would look like in its initial stages. Here ya go.
does this mean there will be no free i-pads for everyone in Europe?
fakin snobs need to go back from eating ipad to baguettes...
My head is going to explode
this is 100% market manipulation and these reporters should be sent to jail!!!
i would vote you up 100 times if i could
Darn it, that's the point though. Reporters should never be sent to jail. That would be totalitarian.
It works itself out. Eventually everyone figures out they are crying wolf, they lose credibility and the inevitable happens despite their best efforts.
a pro po "the lunatics are running the asylum"
Some EUR/USD trader was short cash for a long weekend and pulled a favor from Merkel's PR desk. :D
As long as we come here for news of the world, can we have a pool or 3 on the side running? "Half life rumor", "Your favorite spread", "Is it illegal?"
Rumor!!!
Newswires often they are printed on newswire by FT, I think today's was Reuters though and the other day it was NIKKEI
edit:
<Sorry for a dumb question: where do you guy read or hear the rumor?>
When you see equities suddenly move up, and the closing bell is about an hour away, that's a rumor.
Someone needs to get control of this rumor mongering at the SEC and FINRA. Rumors are not supposed to be floated for trading puposes. It is more than obvious that rumors from the FT, Reuters, CNBC, and others are being used for someones trades.
i would vote you up 100 times if i could
sorry, bub. Only rumors that cause the market to drop (do those even exist) will be investigated.
Tell that to Jim Cramer
Read his books ... Jim Cramer is a dirt bag and in any other history of markets would and should have been jailed. He has admitted to front running rumors to Maria and Co.
Die linke Hand weiss nicht, was die rechte tut!
The left hand doesn't know what the right is doing!
Full blown symptoms of schyzophrenia!
... or a stroke ...
But in case of Dr.Strangelove Scheuble, the symptoms have been ignored for 30 yrs, so we can dump the fuss ...
Or maybe you r reffering to the envelope with 100.000 DM from Karl-Heinz Schreiber ? :-P
the fox trot and the viennese waltz don't mix. having said that ...fools rush in where wise men dread to tread. ZH likes to see the mice run around in rings...
PPT stepping in, but market wants to force Germany to capitulate.
I'm still having spins trying to understand how bankrupt sovereigns loan money to the IMF which turns around and loans the money to bankrupt sovereigns to....
See, I'm stuck.
Then these rumors keep smacking me upside the head.
Anyone know a nice minefield I can go play hopscotch in...I need a rest.
Well, there you go trying get all "math"-like and "logical."
You know that is akin to witchcraft these days.
"Playing hopscotch in a minefield".
I might use that.
It's already been re-re-rehypothecated. But I might be able to do a swap so you can use "hopsc" and "efie". I look into it.
I've already got a "ying".
So get back to me.
Rumorama!
Theater of the absurd has gone full retard now.
and we know you never go full retard
Markets go down more than 10 points OMG BUYING OPPORTUNITY
the really disturbing part is that's probably correct. we just had our one requisite bi-weekly down day. now we're set for 9 up days in a row, with a rally on friday or monday that will make up for today's -27 in one swoop.
It's a (fruit-fly) generational bottom!
SOME PEOPLE KNEW IN ADVANCE, THSU EXPLAINS THE UNUSUALLY ULTRA HIGH VOLA! I BETCHA TOMORROW WILL BE A VERY INTERESTING DAY AND STILL, THE SANTA GUY WILL SHOW UP...PENSION FUNDS NEED THEIR 8% OR ELSE...!
Does not portend well for tomorrow.
The factions seem to be negotiating through press release.
and how many countries have to agree to a new EU treaty. Isn't there like 20 or something? And all are going to agree??? lol
we are going to see some wild volatility next 48hrs on HFT low volumes sells and buys and momos trying to close end yr books.
Perhaps its the patriotic duty of the PWG and PPT to stop the bleeding that would otherwise be the real market and have rumors drive up prices-- only that because everything is FUBAR'd they need to cover and this afternoon bullshit ramp allows them to close their longs only to repeat and rinse the next day.
[re]hypothecation, central planning, greed, lies, and failed policy all make up a potent cocktail for the greatest theft-- social class genocide this world has seen.
This is what hope and change looks like eh?
Lifespan of any rumor is now shorter than the time it takes for a decent #2.
Takin' a Cramer.
So LULZ-y.
If this was not so sad and such a disaster it would be truly funny. And this is still the second feature. Main feature has not even started yet.
Can't wait.
Negotiation by leaked anonymous press releases; this can't be good.
In other news, EU calls Greek restructuring plan "Unique and Exceptional"
Uh-oh
There was a huge meeting in Frankfurt. Not much security. I have reason to believe that some VIPs attended. I could catch a glimpse of what was I believe the prime minister of a foggy island on the other side of what they call the Channel.
CNBC cheerleaders actaully sound surprised and disappointed...
Don't you think these rumors are a little beyond just trade when investors are fleeing? They seem more like charades to keep nerrrrrvous people from running to remove what is left of their money from the banks.
Must...hold...12...K..........
FAILURE
This year was so much fun until this crap started in the fall. I was up 20.6% from Jan-Sept. Now just piddling and watching these idiots in awe. Haven't lost lately, other than missing some opportunities. But who can outguess this shit?
RUMOR THAT MORE POSITIVE RUMORS WILL BE RELEASED : BRAINWASHMEDIA
+100 up - 120 down = last hour of lunacy
Nothing like a stop hunt on both sides of the market for Vampire Squid & pals
http://vegasxau.blogspot.com
The Chairman of the AThens stock exchange is ringing NYSE closing bell bwahahaha
EUROPE FUCKING MAKE UP YOUR MIND, AAWW FUCK THIS LAUNCH THE FUCKING MISSILES
But I am Le Tired.
Rumor ON: ZeroHedge is the best financial blog on the web
Rumor OFF: ZeroHedge is a website for people who don't like to do Landscaping.
Lehman tomorrow?
The EU Lehman moment will happen this weekend, my friends. Next week is the crash, finally.
Rumor or no rumor, the ECB basically blasted a hole through the entire MOPE operation in my opinion. Perhaps Sarkozy will be happy with a German vision of "union" but I don't think many periphery nations and many southern nations believe the iron will of Merkel's German imposed Austerity and demand of surrender of fiscal sovereignty will go over to well with the still semi-democratic nations. The main problem in Europe is one of low growth and that is because Germany via the ECB won't let the euro devalue to increase exports and because the member nations are tied to the euro, they can not compete against the Germans nor can they devalue their own currency because its the same as Germany's. If the ECB were to step in without all these preconditions and just allow the euro to devalue via monetization it would enable the southern and other periphery nations and all the PIIGs to be more competitive on exports but the ECB, by not becoming another central bank with endless toxic assets on its books, is keeping the euro very strong from what I can see.
The ECB's statements to me confirmed how biased they are towards Germany and against the citizens of the EU. The news today was really not nearly as positive as most mainstream is spinning it in my opinion. Here is my take: Basically the ECB shot down all the hype in rumor that has been going on. The two big ones are that the ECB would be monetizing (QE) any more than they have and (2) dispelled the notion that the the ECB (a non IMF member) would be putting money into the IMF bailout fund. Draghi announced that they would make a small cut in the interbank lending rate and provide additional liquidity as expected before the summit and all the announcements. The markets wanted to pressure the ECB into making big promises and in my opinion (an educated speculation here) the S&P rating agencies were used by interested parties (given the timing) to try to pressure Draghi and the ECB to support much larger scale QE. Basically, the bottom line is that whatever German system of financial control Merkel and Sarkozy believe they can impose on the EU is likely to be unacceptable to most and worse yet, the entire notion that austerity can solve the problem, which is primarily a problem of growth is a complete fallacy. What really shed some light on the roots of this unregulated OTC derivatives market (bing Brooksley Born The Warning and watch the online PBS documentary) was an article by Thompson Reuters entitled: "MF Global and the great Wall St re-hypothecation scandal". I first found about this on Zero Hedge, who has consistently been a front end for the news no one else will put on front page in the MSN. I think Zero Hedge is starting to be the front page for many more people these days as trust in speed and accuracy of the alternatives can be difficult at times.
+ 500b Duffminster. I share your views completely.
Tylers rule or Tyler rules
Once this collapses... you're likely to start to see a lot of miscontent between European nations. Not good for a continent with the history that they have.
The French may soon regret arguing that the Germans should be allowed to rearm. Once the EU falls apart and Europe realizes France suckered everyone, it won't look good for them. France is going to have to cook up another scheme to seem relevant.
Yup.
The real problem.
You could write off 50% of Greek debt and it wouldn't make a dam bit of difference.
Duffminster, well done. And yes, it is front page for me....first thing that is checked in the morning and through the day. Multiple news sources are a luxury we all share now, but I have learned more from the articles and comments such as yours than I could ever hope to read from MSM. Its taking the same tools available to MSM in providing news.....and beating them senseless with it! Maybe Zerohedge TV is next, why not? This site has to be followed if you give a shit about your own economic situation.
Just get it over with and print. You know you are going to. Just do it.
Tomorrow, tomorrow, they'll screw ya tomorrow - it's only a rumor away!
Do you mean to say that cnbc had it "wrong" (yet again) and reported a blatant counter trend LIE during the lowest volume hours of the trading day? And that this goes on everyday? too bad shabbos goy gasparino wanted more gelt. vergil sollozzo was the perfect foil.
and that the russian jews at "trade the news" are criminals as well, who charge traders and firms money to lie to them on behalf of their own trading desk and their real clients (itz a living)?
Qui Bono?
Everyone in that fucking jersey studio should be raided and arrested under the RICO act.
This kike shit has gone on for YEARS.
LIESman, cramer, ira ross sorkin, faber, greenberg, kaminsky, rovell, finerman, kudlow the born again "Christian", boorstin, melissa francis, "zach" karabell, jane wells.
such a mitzvah everyday, itz!!!!!!!!!!!!!!!!!!!!!
Itz almost as if they are in place running/protecting a criminal enterprise (fellow "jews)
It sure smells that way, doesn't it? You know what they do with jews that actually work for a living, like the carpenter...
Hilarious.
They have the market nailed. They can move ES, crude, and gold anyway they want.
(INSERT RUMOR HERE)
Looks like they jammed ES futures right to the 21-day and sprung it.
Are you finally seeing the light? Is this a Robo awakening?
Robo' speaks! And what's truly remarkable... he sees the light!!!!!!!!!!
Are they gonna pull a big motherfucking short squeeze tomorrow?
Shorting this mayhem is pure lunacy ... but oh man it is sooooo tempting!
The contractions are down to 20 minutes Dr. Bernankenstien...
things are happening so fast and furiously bullshitskie in europa that even the US Congo has stopped trading on insider info!
Bless Simon Hobbs
http://www.youtube.com/watch?v=wmin5WkOuPw
limey fruit
This game of Calvinball is getting soooo exciting!
stay short as per my trade recent rec. IE Short the SP @ 1275..
Market makers. Just to take out weak stops.
Every day we can do the same.
Asia: Flat
Europe goes up.
US: Up bit more then drops and before close up again.
Circle goes on for a week now.
I bet tomorrow same trick. Circle. Enjoy the pips :)
From reading the chart, the German news is real.
What happened to the Corzine link?
Is Greece saved yet?
Strauss Kahn saved it two years ago but I am told he was talking about a whore when he said that.
Peeps. If the jews had been running things all along, you really think we'd be $15 trillion in debt?
C'mon.
Kidding, right?
.
CNBC is starting to hint that maybe everything isn't all wine and roses...must be worse than we know.
No, it's worse than CNBC wants to know.
Or admit.
One of the two.
Pretty cool to be able to time the surges based on the innuendo. Quicker feet might be able to make some $$$ with this.
Might be a little off-topic but watching the all the European commentary/statements/declarations is pathetic. Just like printing money itself-----------the more the talk the more they dilute their pathetic situations, reveal how ultimately out of their depth and powerless they are and, insult to injury, a lack of appreciation of what can go wrong and how quickly. We've had some tough spots before but they mostly end up being political opportunities to game the next situation for themselves, usually at the public expense! I seriously feel they are playing with fire and don't know it.
It doesn't work all the time though - yesterday's ridiculous ramp into the close resulted in only a minor drop on the refutation.
Today's is what yesterday's should have been - although I suspect today's may have been a backfire if the perpetrators were expecting the ramp to hold like yesterday.
DavidC
So # 4,5,6 contributors to IMF are Germany, France, Italy.
Number 2,3,4 contributors to EFSF and ESM are France, Italy and Spain.
How does this even make sense to the most stupid person (say a congressman)?
As has been said on these pages since May, the European bailout math does not work.
Period
Thank you for all of your hard work Tyler and your brutal, concise honesty...a trait that MSM seems to have long forgotten. It a pleasure to see the truth for what it is...in your words, a pure shitshow...now back to our regularly scheduled program "The Jon Corzine Show"
And the #1 contributor to the IMF (US) is by far the biggest debtor nation in the world. Ha ha ha. Poetic Absurdity.
All the headlines have the same message. You will all sink or swim together. Thats the message from the Ratings agencies, and the ECB. The only way out for the periphery is to leave the Euro. The germans will block printing, so you need to revert to soverign currency.
i'll repeat what i say every fucking time these asshole in europe play this game: get your shit together; stop with the trial balloons; pick a person to speak.
this back and forth is great for day (some) traders but horrible for everyone's confidence.
My confidence is just fine; I take a big blue pill.
http://vegasxau.blogspot.com
That was fun. Can we do it again tomorrow?