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Welcome To The Deja Vu Circle Of Hell: Greek Referendum Has Been Scrapped (This Time Maybe For Real)

Tyler Durden's picture


This time from AP:

  • Officials close to Greek prime minister tell Associated Press bailout referendum has been scrapped

How close? And are they closer to their Forex frontrunning trading platform?

Seriously - No more... Please... We give up.

From AP:

Athens, Greece (AP) -- Two officials close to the Greek prime minister say he has scrapped his plan to hold a referendum on the latest European debt deal for Greece after the main opposition leader said would back it.


The two officials said George Papandreou made the comments during an emergency Cabinet meeting Thursday. One also said the premier would not resign despite mounting pressure, and would await the outcome of Friday's confidence vote in his government.


They spoke on condition of anonymity to disclose talks in the Cabinet meeting, being held in Parliament.


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Thu, 11/03/2011 - 10:47 | 1841304 larry david
larry david's picture

We're saved!  Rally on!!!!!!

Thu, 11/03/2011 - 10:49 | 1841330 fuu
fuu's picture

Just the little blue pill the market needed to get over the hump.

Thu, 11/03/2011 - 10:52 | 1841350 qussl3
qussl3's picture

What hump?

The one before we start talking about italy and france?


Thu, 11/03/2011 - 10:55 | 1841383 Divided States ...
Divided States of America's picture

I call BS on this....why would he call the referendum off if his opposition leader says he will back him? Makes no fuckin sense.

Thu, 11/03/2011 - 10:58 | 1841415 ratso
ratso's picture

Are there any responsible grown ups left in Greece?

Thu, 11/03/2011 - 11:03 | 1841457 Fish Gone Bad
Fish Gone Bad's picture

Maybe they did not watch the movie "300".

Thu, 11/03/2011 - 11:25 | 1841594 The Big Ching-aso
The Big Ching-aso's picture

Yes, on the Island of Lesbos.  Loving tender adults sticking with each other through thick and quim.

Thu, 11/03/2011 - 11:56 | 1841801 Ethics Gradient
Ethics Gradient's picture

I think you can expand your net to include the whole of the EMU zone.

Thu, 11/03/2011 - 11:00 | 1841433 barkster
barkster's picture

maybe G-pap-smear was paid a little overnight visit.....

Thu, 11/03/2011 - 13:00 | 1842106 Edmund Dantes
Edmund Dantes's picture

From the Mossad?

Thu, 11/03/2011 - 11:09 | 1841499 eatthebanksters
eatthebanksters's picture

He ony propsed the plan because he hoped the people would vote'no'...when te opposition said they would vote' 'yes' his hand was called.  G-Pap does not want to settle with a 50% haircut and the austerity that comes with it...he's playing chicken and holding out for a bigger haircut.  The dude has big stones...

Thu, 11/03/2011 - 11:19 | 1841563 The Big Ching-aso
The Big Ching-aso's picture

"The dude has big stones."

Soon to be a gelding.

Thu, 11/03/2011 - 13:32 | 1842294 moneyline
moneyline's picture

They essentially called his bluff. That's what happens when politicians talk out of both sides of their face. 

Thu, 11/03/2011 - 11:16 | 1841422 xPat
xPat's picture

Tyler, don't you get it? They are SAVING GREECE here, according to the following plan:


  1. Lever up to MAX LONG leverage ES, EURUSD, and other correlated instruments*
  2. Announce that the referrendum is off
  3. Reverse the trade; lever up MAX SHORT all indicies*
  4. Announce that the referrendum is on
  5. Repeat indefinitely

* Note: Don't trade with MF Global or Jeffries

At this rate, Greece will be a creditor nation within 3 days...


Thu, 11/03/2011 - 11:45 | 1841727 i root for that...
i root for that fat jersey governor's picture

referendum not more + ECB cut, shouldn't these together be super steroid for the market?? I thought the market could have jumped 5% on this.

Thu, 11/03/2011 - 12:09 | 1841857 bigkahuna
bigkahuna's picture

hold a position over night and you are insane.

Thu, 11/03/2011 - 11:06 | 1841481 rune420
rune420's picture

This. I'm going to stay hedged untill I see a significant retracement in this chart:

But then again, we now have an Italian in control of the ECB. I have a feeling Helicopter Ben is gonna pale in comparison once Super Mario starts striking his coin blocks. Todays rate cut was just the beginning.

Thu, 11/03/2011 - 11:30 | 1841639 The Big Ching-aso
The Big Ching-aso's picture

"Put it in!  No take it out!  Put it in!  No take it out!  Put it in!  No take it out!"     The latest Greek protestor chant about the referendum.

Thu, 11/03/2011 - 10:49 | 1841332 redpill
redpill's picture

Thank goodness! Voting is an outdated, barbarous relic.

Thu, 11/03/2011 - 10:54 | 1841379 OpenEyes
OpenEyes's picture

I thought it was Tradition

Thu, 11/03/2011 - 11:00 | 1841421 hedgeless_horseman
hedgeless_horseman's picture



GS's board already voted on this last quarter.  The Euro stays, for now.

Thu, 11/03/2011 - 11:06 | 1841479 Mike2756
Thu, 11/03/2011 - 11:06 | 1841480 narapoiddyslexia
narapoiddyslexia's picture

Speaking of barbarous relic, and I know this is OT, but yesterday TD posted a reference to a Motion to Expedite in the MF liquidation, referring to Paragraph 2 to show how Corzine et al might have stolen $1.45 billion from client accounts.

I just got to Paragraph 11, however, where it says that if the Trustee can't offload the 50,000 commodities accounts by Friday, he's going to liquidate them on the open market.

This will trash gold and silver, will it not?

A buying opportunity?

See SilverDoctors link.

Thu, 11/03/2011 - 12:35 | 1841986 JLee2027
JLee2027's picture

I pointed that out yesterday in my comments here. Sure seems a lot of people and markets are going to be wacked and wacked hard.  In Para 13 the CFTC said they had no problem with it.

Thu, 11/03/2011 - 11:07 | 1841487 CPL
CPL's picture

The irony is the cradle of democracy is now become an authortarian federation of bond holders.


How's that for tricks?

Thu, 11/03/2011 - 11:23 | 1841584 Potemkin Nation
Potemkin Nation's picture

Behind the scenes, the puppet masters pull their strings.

Thu, 11/03/2011 - 10:55 | 1841336 DormRoom
DormRoom's picture

are we saved?  This is the kind of collectivism (finance-debt collectivism) that Hayek warned against.  The type of collectivism that has lead us to authoritarianism (Germany-France axis)


Participatory democracy is the reflexive mechanism in which to push back tyranny.


let the people vote!  If not with ballots, then stones!!!!!



Thu, 11/03/2011 - 11:09 | 1841505 AldoHux_IV
AldoHux_IV's picture

Some moron on the MSM just framed the removal of the referendum as another attempt to save Europe-- save Europe from what? The black hole it has already become? The EFSF and bailouts will just create a bigger negative feedback loop.

Thu, 11/03/2011 - 11:19 | 1841565 Shvanztanz
Shvanztanz's picture

The veil is completely gone and MSM has abandoned any pretense that it does not disdain the true essence of democracy. 

Thu, 11/03/2011 - 11:27 | 1841617 Spastica Rex
Spastica Rex's picture

"Saving [Greece] [Europe] [USA] [Democracy] [Capitalism] [etc.]" really means: "Saving the STATUS QUO." Lotsa folks DEPEND on the status quo, lotsa the "99%" depend on it. The system that has been forged over the last several hundred years is not going to "go gentle into that goodnight."

Thu, 11/03/2011 - 11:15 | 1841538 LongSoupLine
LongSoupLine's picture



All I know is I'm long manufacturers of:

glass bottles,




bullets and finally...

coroner supplies

Thu, 11/03/2011 - 11:32 | 1841653 Temporalist
Temporalist's picture

People don't pay for funerals when there are masses of them dying in the streets.  Ever hear the phrase "bring out your dead"?

Thu, 11/03/2011 - 11:18 | 1841562 i-dog
i-dog's picture

"let the people vote!"

It was people voting that got all these governments into this mess! Don't encourage more of it!!


Thu, 11/03/2011 - 10:51 | 1841342 slaughterer
slaughterer's picture

I need SPX 1260 before I re-short.  The rumor mill has traced out an upward channel in the last three days that will certainly excite masses of bullish swing traders.  

Thu, 11/03/2011 - 10:54 | 1841385 CPL
CPL's picture

This is going to end badly.

Thu, 11/03/2011 - 11:05 | 1841472 mkix
mkix's picture

Agreed. Anyone know what the gun laws in Greece are?
How much can these people pillage? It must get boring to do the same thing over and over again. 

Thu, 11/03/2011 - 11:08 | 1841500 CPL
CPL's picture

As I've brought it up before, better go look and see what Turkey is doing. 


And no, greed is unquenchable.

Thu, 11/03/2011 - 11:33 | 1841663 Temporalist
Temporalist's picture
“Two things are infinite: the universe and human stupidity; and I'm not sure about the the universe.” - Albert Einstein
Thu, 11/03/2011 - 10:56 | 1841398 Robot Trader's ...
Robot Trader's brother's picture

Am here to appologize for my brother.......

Thu, 11/03/2011 - 10:57 | 1841404 vast-dom
vast-dom's picture


Amazing the worse the news/data/funduhmentals the better the bull rally!

Thu, 11/03/2011 - 11:10 | 1841508 CPL
CPL's picture

WElcome to the bizzarro superman universe, it's been doing it for most of the last four years now.


Glad you just woke up, what do you feel like doing now?

Thu, 11/03/2011 - 12:13 | 1841589 jdelano
jdelano's picture

Excerpted from "Way Way Too Big to Fail", the HBO exclusive to be released in the fall of 2013: 


Bernanke:  There's just one caveat here, gentlemen.  If I drown you in liquidity, you need to use it to prop up the equity markets at all costs.  I don't care if Netflix makes 10 cents or 10 dollars.  You will buy the stock and keep buying.  I don't care if Iran nukes half the globe or Europe collapses back into the stone age.  You will buy equities, understood?

Dimon:  What about main street?  Do we need to at least make a pretense of issuing loans? 

Bernanke:  Don't worry about Main Street.  Mom and Pop don't have a clue what's at stake right now.  If the S&P closes out the year in the red, tax receipts will plummet and half the municipalities in this country will go into bankruptcy.  Pensions will implode.  We need to prioritize, Jamie, we're very close to the precipice here.  Mom and Pop don't need loans--at least not as much as they need some semblance of order.  They need a government.  They need milk on the shelves and running water.  Buy stocks, gentleman.

Pandit:  Do you have a target?

Bernanke:  For what?

Pandit:  The S&P.  How far should we take it?

Bernanke:  I don't know.  Use a little discretion.  Get it green enough to lure Main Street solidly back in.  But don't take so far that it obviates our involvement.  

[The CEOs murmer their assent.  Bernanke nods soberly, snaps the locks on his briefcase and exits the room.]  



Thu, 11/03/2011 - 10:57 | 1841410 slaughterer
slaughterer's picture

Back to Live-Cam Athens: G-Pip reversal incites  Greek civil war. 

Thu, 11/03/2011 - 10:57 | 1841411 SamAdams1234
SamAdams1234's picture

Karate Kid Lesson # 1 -- (wax on, wax off)


Thu, 11/03/2011 - 11:10 | 1841448 The Big Ching-aso
The Big Ching-aso's picture

Abruptly cancelling the referendum at this stage is like yanking away the EEE public teet without so much as a pacifier to follow.   I'm sure all the Greek little suckers will nary a noise make.    Probably will go right back to sleep imagining the teet is still there.     Yeah, that's what'll happen.

Thu, 11/03/2011 - 11:05 | 1841470 LouisDega
LouisDega's picture

And thats that. 

Thu, 11/03/2011 - 11:07 | 1841489 Deadpool
Deadpool's picture

and just like that, democracy dies with a whimper.

Thu, 11/03/2011 - 11:16 | 1841550 The Big Ching-aso
The Big Ching-aso's picture

Smoke is in the air.    The Greek reeferendum has been scrapped.

Thu, 11/03/2011 - 10:47 | 1841307 agent default
agent default's picture

Can we please scrap Greece?  And while we are at it the EU? 

Thu, 11/03/2011 - 10:47 | 1841309 Odin
Odin's picture

*Pop*......Great, now I have no head...

Thu, 11/03/2011 - 10:47 | 1841310 Iriestx
Iriestx's picture

Time for the Greeks to go on strike for a couple of days, burn some cars, destory some of their own property, then roll over and accept the fact they're owned.  Slaves to the IMF, EU and ECB.


Thu, 11/03/2011 - 10:52 | 1841353 disabledvet
disabledvet's picture

Or France...

Thu, 11/03/2011 - 10:54 | 1841373 Iriestx
Iriestx's picture


Here that Greeks? Unless you're willing to take up arms right now, and put a bullet in the head of every politican, elected official and banker in the country, you, your children and you're chlidren's chilldren will never be anything more than a slave.


Thu, 11/03/2011 - 11:08 | 1841498 SheepDog-One
SheepDog-One's picture

The problem is they dont really have any arms.

Thu, 11/03/2011 - 11:37 | 1841681 Temporalist
Temporalist's picture do they pick olives without arms? 

Thu, 11/03/2011 - 11:02 | 1841452 Alea Iactaest
Alea Iactaest's picture

And then maybe another two sheep will wake up and realize this is America's future. Owned by bankers, mass asset sales to pay off debt, and nothing to show for the effort except some bailouts for the very banks that will dictate terms. My kids (and their kids) are so fucked.

Thu, 11/03/2011 - 10:48 | 1841311 Ancona
Ancona's picture

Who is paying the electric bill for this rumor mill? That fuckers working overtime!

Thu, 11/03/2011 - 10:48 | 1841312 Paralympic Equity
Paralympic Equity's picture

It is scraped just so G-PAP can win the vote, and then again have the referendum...

Thu, 11/03/2011 - 10:53 | 1841367 slaughterer
slaughterer's picture

Let's see how much of an evil prince the G-Pip really is.  Re-elect me so that I can re-referendum you.   

Thu, 11/03/2011 - 10:48 | 1841313 Never1
Never1's picture

My first post on ZH just to say.... What a clusterfuck.


Thu, 11/03/2011 - 10:53 | 1841331 Dr. Engali
Dr. Engali's picture

You wasted it :) Welcome to fight club.

Thu, 11/03/2011 - 11:12 | 1841359 jayman21
jayman21's picture

Ah, the cherry has been popped.  ZH has some of the funniest and smartest people on the internet.  Welcome!!!

Thu, 11/03/2011 - 11:10 | 1841509 LongSoupLine
LongSoupLine's picture

+100 for your "first post" containing the word "clusterfuck".  Welcome.

Thu, 11/03/2011 - 10:48 | 1841314 Putty
Putty's picture

My wife is less fickle.

Thu, 11/03/2011 - 10:51 | 1841339 hedgeless_horseman
hedgeless_horseman's picture

She is indeed.

Thu, 11/03/2011 - 11:04 | 1841459 Alea Iactaest
Alea Iactaest's picture

Is she Greek?

Thu, 11/03/2011 - 10:48 | 1841315 speconomist
speconomist's picture

That's the reason why I like to read weekly magazines.

Thu, 11/03/2011 - 10:48 | 1841316 Temporalist
Temporalist's picture

Maybe the referendum of the rumor that there will be a rumor and referendum to the rumor is what this is really about?

Thu, 11/03/2011 - 11:06 | 1841477 Loose Caboose
Loose Caboose's picture

No, I think it's about the rumour of the vote of confidence based on the rumour of the referendum with a vote for a referendum on confidence in the rumour.


Thu, 11/03/2011 - 11:08 | 1841495 s2man
s2man's picture

Yes, they need a referendum on holding the referendum.  I vote they vote to vote.  Votie goodness for everyone!

Thu, 11/03/2011 - 10:48 | 1841317 jesse livermoore
jesse livermoore's picture

Buy, Buy, Buy,....  everybody is  buying  ?  ......  Then sell, sell,sell.  

Thu, 11/03/2011 - 10:48 | 1841318 Fate
Fate's picture

Cue the generals...

Thu, 11/03/2011 - 10:48 | 1841321 AldoHux_IV
AldoHux_IV's picture

It still doesn't change the fact that the EFSF is a failure out the gate.  Good luck implementing it because it's just going to crash any healthier economy participating in it.


Thu, 11/03/2011 - 10:49 | 1841333 Temporalist
Temporalist's picture

Which economy would that be?  Vietnam?

Thu, 11/03/2011 - 10:49 | 1841324 RSDallas
RSDallas's picture

Guido must have delivered one hell of a pep talk to G-Pap!

Thu, 11/03/2011 - 10:48 | 1841325 transaccountin
transaccountin's picture

love this circus ; sure aint no market

Thu, 11/03/2011 - 10:49 | 1841326 Bodhi
Bodhi's picture

Stop the crazy train, I want to get off.

Thu, 11/03/2011 - 10:49 | 1841327 FL_Conservative
FL_Conservative's picture

Who cares!  The piigs on the spit and fire is getting hotter.  Sooner or later we'll be enjoying the spoils of victory.  Not a matter of IF, but WHEN!

Thu, 11/03/2011 - 10:49 | 1841328 john39
john39's picture

full frontal fascism. 

Thu, 11/03/2011 - 10:49 | 1841329 the not so migh...
the not so mighty maximiza's picture

lets do the goosestep of joy!!!!


Thu, 11/03/2011 - 10:49 | 1841334 Akrunner907
Akrunner907's picture

Now will the Greek people force a referendum?  Since the blood was put in the water, will the people now demand a vote?  It is like trying to un-ring a dinner bell.

Thu, 11/03/2011 - 10:49 | 1841335 rosex229
rosex229's picture

as i stated on monday when this issue first came up, a referendum was never possible

just to have the referendum requires parliamentary approval, which has always been impossible. even after the vote both parliament and the president have to sign off on the decision, another impossibility.

i can't help but wonder how this affects the psychology of the average greek citizen who has just been shown unequivocally that they have no say in this.

Thu, 11/03/2011 - 10:54 | 1841375 Temporalist
Temporalist's picture

Mmmm spanakopita....mmmm souvlaki...

Thu, 11/03/2011 - 11:15 | 1841540 Killer the Buzzard
Killer the Buzzard's picture

Correct.  You can't selectively remove pee from a pool.

Thu, 11/03/2011 - 11:41 | 1841696 i-dog
i-dog's picture

One of the cute things about democracy is that the people don't get a say in whether they get to have a say.

Thu, 11/03/2011 - 10:50 | 1841337 cognus
cognus's picture

this means the Grecian people go postal, the military errs, anarchy, martial law.  I'm serious... mark it well.  They've been listening to Icelanders and Argentinians...

Thu, 11/03/2011 - 10:54 | 1841338 rosex229
rosex229's picture

for all those sticklers for grammar, me being one of them, i must apologize for the continued lack of proper puncuation.

i'm typing on a keyboard attached to my tablet, which doesn't sync with zerohedges software, so no caps or any punctuation requiring the shift key.

Thu, 11/03/2011 - 10:57 | 1841408 disabledvet
disabledvet's picture

Tells them and all the other folks who retain some sense of national identity (as separate from nationalism of course) all they need to know. Meanwhile back in New York a "2nd tier"...

Thu, 11/03/2011 - 11:01 | 1841442 mccoyspace
mccoyspace's picture

try eating the tablet.

Thu, 11/03/2011 - 11:06 | 1841478 Alea Iactaest
Alea Iactaest's picture

So no $$$ for you!

Thu, 11/03/2011 - 10:50 | 1841341 monopoly
monopoly's picture

This market is so easy. Gold at day high, no, day low, no, day high.

Miners up, no down, no up. 

So, they will not let the people vote on their future. Just let the bankers decide what to do. They will surely do what is right for all. 


Thu, 11/03/2011 - 10:55 | 1841344 SheepDog-One
SheepDog-One's picture

Like Max Keiser says, the Greeks can no longer call themselves Greeks, theyre now 'IMF'ers'. Sovereignty gone.

Thu, 11/03/2011 - 10:56 | 1841399 Temporalist
Temporalist's picture

They're like the French pulling their pants down and bending over for any foreign invader...except the Greeks seem to prefer it that way.

Thu, 11/03/2011 - 10:59 | 1841423 qussl3
qussl3's picture


Thu, 11/03/2011 - 10:52 | 1841348 Comay Mierda
Comay Mierda's picture

they should let G-Poop and the greek people settle this in the Coliseum, gladiator-like

Thu, 11/03/2011 - 10:55 | 1841388 Ancona
Ancona's picture

Noooo! Not yet!

I'm short lions and tigers at the moment. Give me a few hours to unwind the position first please.

Thu, 11/03/2011 - 10:52 | 1841349 BeatTheMarket
BeatTheMarket's picture

Fading time...

Thu, 11/03/2011 - 10:54 | 1841352 Dr. Engali
Dr. Engali's picture

Can we just send in the panzers and get it over with?

Thu, 11/03/2011 - 10:52 | 1841354 El Viejo
El Viejo's picture

It's hard to believe that a people who resent paying there own taxes will be willing to live under foreign domination. Granted they have no sense of responsibility, but they yearn to be free and they will be. Then they will learn and wish they had a sense of responsibility.

Thu, 11/03/2011 - 11:10 | 1841513 Alea Iactaest
Alea Iactaest's picture

And what happens when these same non-tax paying people decide they don't want to pay their new Euro overlords?  How does that play out? Electricity off and shelves bare? Will there be an occupying force marching people to work? I really am a bit fuzzy on where this goes.

Thu, 11/03/2011 - 10:52 | 1841356 PicassoInActions
PicassoInActions's picture

some1 is making good money in this yo yo

i think it's by design. I am sure they concider and calculate all the consequences.

Gotta give them credit for such an interesting plan.

Thu, 11/03/2011 - 11:02 | 1841450 depression
depression's picture

As a 30 second ES trader I am really enjoying the volatility and chaos.

Thu, 11/03/2011 - 11:08 | 1841491 PicassoInActions
PicassoInActions's picture

i hear you

my EA for forex is doing fine in fast movments. But then again..... never know how it will all ends it up

Thu, 11/03/2011 - 11:33 | 1841660 jdelano
jdelano's picture

I'd be willing to bet G-Pap put on some massive puts via an intermediary right before announcing the referendum--afterall (forced) retirement is just around the corner...

Thu, 11/03/2011 - 10:52 | 1841357 DavidJ
DavidJ's picture

This does make trading forex crazy!!!  What a JOKE!  This EUROPE IS CRAZY!

Thu, 11/03/2011 - 10:53 | 1841360 pennypusher
pennypusher's picture

Finally something bigger than the Kim Kardashian divorce.

Thu, 11/03/2011 - 11:13 | 1841530 Poofter Priest
Poofter Priest's picture

And the concept of the referendum lasted about as long as her marriage also.

Thu, 11/03/2011 - 10:53 | 1841361 No One
No One's picture

Denial coming at 4:01 PM EDT.

Thu, 11/03/2011 - 10:53 | 1841362 prains
prains's picture

Pap smear results came back, not good

Thu, 11/03/2011 - 10:53 | 1841366 Tsar Pointless
Tsar Pointless's picture

Is it me, or does it appear as if TPTB are just toying with us serfs now, realizing that 90%+ aren't paying a lick of attention to any of this shit?

To them, we're nothing more than toy mice are to cats.

Thu, 11/03/2011 - 10:59 | 1841417 Stax Edwards
Stax Edwards's picture

I had the exact same visual this morning of a cat batting a ball back and forth.  I have got to get me a major media outlet.  Great racket if you can get it.

Thu, 11/03/2011 - 10:53 | 1841369 Village Smithy
Village Smithy's picture

Tell me again how it is advantageous for the entire U.S. financial to be twisting in the wind as a tiny little fucked up man on a tiny little fucked up island plays with his himself in he mirror.

Thu, 11/03/2011 - 11:22 | 1841585 jez
jez's picture

I wonder which island you mean.

I've always liked Lesbos myself, but then I'm a bit odd in that respect.

Thu, 11/03/2011 - 12:06 | 1841842 Village Smithy
Village Smithy's picture

Sorry dude, I fucked up my geography again, Thanks for keeping me honest.

Thu, 11/03/2011 - 10:53 | 1841374 Alex Kintner
Alex Kintner's picture

Bullish for Molotov cocktail producers.

Thu, 11/03/2011 - 10:54 | 1841382 smlaz
smlaz's picture

This is what you get in a Republic.  

Thu, 11/03/2011 - 11:14 | 1841534 Alea Iactaest
Alea Iactaest's picture

Whaddya mean? I think your congressman sucks but mine doesn't. Besides, direct democracy is so messy.

Thu, 11/03/2011 - 10:55 | 1841384 YesWeKahn
YesWeKahn's picture

Rumors always work on wallstreets. This is how crooks make money.

Thu, 11/03/2011 - 10:55 | 1841386 fonzanoon
fonzanoon's picture

If it is true that no one in Greece is paying taxes so the Government is collecting no revenue why does anything else matter? It just seems to be a matter of time.

Thu, 11/03/2011 - 11:25 | 1841604 catacl1sm
catacl1sm's picture

Stop being sensical.

Thu, 11/03/2011 - 10:55 | 1841387 bmwm395
bmwm395's picture

I don't know if I should laugh or cry.

Thu, 11/03/2011 - 11:15 | 1841539 Falcon15
Falcon15's picture

Why chose? I am doing both at the same time.

Thu, 11/03/2011 - 10:55 | 1841389 nobusiness
nobusiness's picture

Riots in 3...2...1...

Thu, 11/03/2011 - 10:55 | 1841393 FubarNation
FubarNation's picture

This is getting way beyond fucking ridiculous isn't it?

Thu, 11/03/2011 - 10:55 | 1841394 PicassoInActions
PicassoInActions's picture

Friend send an article


there are more Porsches in Greece than taxpayers declaring 50,000 euro incomes.

me moving to Greece.... Santoriny sounds cool.

Thu, 11/03/2011 - 11:12 | 1841525 K_I_T_T_Y
K_I_T_T_Y's picture

I suppose Greek like Mercedes, Ferrari's, Audi and other brands as well....?

Thu, 11/03/2011 - 10:56 | 1841395 jez
jez's picture

A return to the Deutschmark must be looking more and more attractive every minute to millions of ordinary Germans as they watch this pantomime.

Monetary union? With these clowns? Why?

Thu, 11/03/2011 - 10:55 | 1841396 Todd Horlbeck
Todd Horlbeck's picture

This is the most untrable enviornment I can recall.  


Thu, 11/03/2011 - 11:08 | 1841484 depression
depression's picture

Shorten your timeframe. Your trading against algo's that have a 90 second half life, holding anything beyond a 3 minute time horizon is a long term investment.

Thu, 11/03/2011 - 10:56 | 1841397 Anomalous Howard
Anomalous Howard's picture

And now it's time to swing over to the Italian rumor mill. 

Tag Team brain squeeze.

Thu, 11/03/2011 - 10:56 | 1841400 Stax Edwards
Stax Edwards's picture

We also have this:

WSJ's Charles Forelle reports from the G-20 Summit in Cannes that European leaders are considering the expulsion of Greece from the Eurozone

Thu, 11/03/2011 - 10:59 | 1841413 jez
jez's picture

Any news on whether European leaders are considering the expulsion of Cannes from Spain?

Thu, 11/03/2011 - 10:56 | 1841401 CrashisOptimistic
CrashisOptimistic's picture

Why do you think it is the Greeks unable to decide this.

There are literally guns being held to heads.  NATO freed up personnel from Libya and hae been sent to protect civilians in Athens.

Thu, 11/03/2011 - 11:16 | 1841547 Alea Iactaest
Alea Iactaest's picture

Protect? Of course.

Thu, 11/03/2011 - 10:56 | 1841402 LookingWithAmazement
LookingWithAmazement's picture

Referendum cancelled: told you sooooo. Rally! Buy bonds, stocks! No crisis. Boring world we live in.

Thu, 11/03/2011 - 11:01 | 1841409 SheepDog-One
SheepDog-One's picture

Buy all you like boring douche nozzle, no ones stopping you.

Thu, 11/03/2011 - 11:01 | 1841441 Stax Edwards
Stax Edwards's picture

These are the absolute epitome of healthy capital markets, I could not agree more.

Thu, 11/03/2011 - 11:27 | 1841618 catacl1sm
catacl1sm's picture

How many Greek bonds do you have?

Thu, 11/03/2011 - 15:11 | 1842727 Gief Gold Plox
Gief Gold Plox's picture

Your prediction was spot on, and while I agreed with you, I was certain that he would hold out till Friday and not chicken out before the confidence vote. Pity ,I would'ev enjoyed reelections.

Thu, 11/03/2011 - 10:57 | 1841405 Racer
Racer's picture

I thought the ECB was supposed to be unhappy about volatile currencies and carefully monitor...

uh, well welcome to the mad roller coaster of fx taking you to extremes highs and lows on a minute by minute basis

How can companies do international business with all this going on!

Thu, 11/03/2011 - 10:57 | 1841406 Enkidu78
Enkidu78's picture

The Nazi's got to them!!!

Thu, 11/03/2011 - 10:59 | 1841425 the not so migh...
the not so mighty maximiza's picture

It took 80 years but they won

Thu, 11/03/2011 - 10:57 | 1841412 nobusiness
nobusiness's picture

How many Babyboomers are calling their brokers saying "Please stop, I want to get off this ride"

We are going to loose a generation of individual investors for wall street to fleece.

Thu, 11/03/2011 - 11:00 | 1841435 vegas
vegas's picture

Maybe, but they are replaced by the mistresses and girlfriends of Vampire Squid et al front-running just about everything that trades. Shit happens.

Thu, 11/03/2011 - 10:58 | 1841416 azzhatter
azzhatter's picture

yes massa Gpap, yes massa

Thu, 11/03/2011 - 10:59 | 1841420 Doubleguns
Doubleguns's picture

I can not keep up with the lunatics running this. There coming to take me away, ha ha he he ho ho.

Thu, 11/03/2011 - 11:00 | 1841424 Temporalist
Temporalist's picture

Referendum back on!

Thu, 11/03/2011 - 11:00 | 1841437 pmcgoohan
pmcgoohan's picture

How long before the markets realize they are now stuck with the very Greek PM that caused them to piss themselves for the last three days.

And that maybe that is not so bullish.

Thu, 11/03/2011 - 11:00 | 1841438 DeadFred
DeadFred's picture

EURUSD over 300 pips round trip in 2 1/2 hrs. Nothing to see here, move along.

Circle of hell or day-traders heaven? At 400:1 leverage how much is that?

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