This page has been archived and commenting is disabled.
Wondering Why The Market Just Bounced? Thank Jean-Claude
Just as the bottom was about to fall from the market, here comes the ECB cavalry with its tactical ultra short-term bailout in the form of several billion in Italian BTP purchases. Since this is nothing but a liquidity injection which does nothing to resolve deep, structural and solvency problems, we give this latest intervention attempt about half an hour in halflife. And once the market processes the news from the FT that the EU bank on naked CDS shorting will become permanent, look for everyone short sovereigns to unwind synthetic positions and to rotate shorts into cash bonds. Good luck ECB.
»
- 9772 reads
- Printer-friendly version
- Send to friend
- advertisements -
But it does set the stage for things to come!
Monetize this, monetize that...
Monetize it with a wiffle ball bat?
Paul Revere reference?
You know it.
JEAN CLAUDE TRICHET AND THE FORTY THEIVES
Listen all y'all it's a SABOTAGE!!!
I still hope it does not set the stage for a massive EUR monetization.
And it's still the right thing to do for the ECB, particularly if done properly, i.e. when not expected.
The entire motherfucker is post-synthetic Tyler!
We deliveeeeeeer price stabiliteeeeeeee.
Zimbabwe school of economics.
Not sure why, but I'm crying from laughter...that's awesome.
The ECB or taxpayers will end up not only owning all bank debt but will end up funding daily operating losses up until the point where the government is taken back by the citizens and all government officials are thrown into the Bastille...until we can make them eat cake..
B of A and the Squid moving nicely today
..no more short covering bid which typically hurts in downturns/capitulation.
Question: How do you trade profitably in a "market" that reacts to nothing but the latest government/central bank intervention or rumour thereof without advanced (insider) knowledge?
Answer: You don't.
If you are a compulsive gambeler you will trade anything as long as you can place the bet.
And preferably do it with "other peoples' money".
You definitely want to do it with "other people's money", yes.
That's the whole problem with fractional banking, you give the keys to "other people's money" to private organisations and they "Do God's Work" with it...
Please, these people decide what the market does when they want it to happen on a daily basis.
Tyler, for more "fun" look into the TARGET2 developments over the last weeks...... (who will bailout Bundesbank?)
==> http://www.querschuesse.de/target2-mit-aberwitziger-steigerung-zum-vormo...
speculateurs cum bloggeurs bitchez
Where is this money coming from?
Tapping the EFSF already?
Banks are REITs ON FIRE!!!
Why am I not surprised? Time to yank and crank that shit higher for no apparent reason other than they can.
Italy is firmly anchored to the botom, till it is not
The Federal Reserve's SPIV (The ECB) is about to take this entire fucker down--and I can't wait.
I haven't been this excited since waking up from my last wet dream about 'Marissa Ree'.
Just... wow.
Good, I thought it was just a temporary solution.
/deadpan
CNBS has just announced that they are launching a new website to deal once and for all with the nasty, know nothing, unnamed bloggers.
The site will be called infinitehedge.com
With funding from all the major banks, the domain names of zerohedge.net zerohedge.org zerohedge.xxx 0hedge.com maxhedge.com etc., will all be purchased and linked to infinitehedge.com so that no traffic is accidentally sent towards that unnamed blogger who deserves no respect and is never right
Only people "registered" and who work for "regulated" entities will be allowed to post and comment. The public may access the site, and read it for wisdom and insight even if the material may be too intellectually challenging for the masses, but it is felt they are owed the opportunity to see true, regulated professionals, at work.
The motto will be more along the lines of "English Gentleman's Club, circa 1860" than the so-called "Fight Club" atmosphere at such anonymous blogger. Only positive may be said about fellow elite, and although no attempt to directly malign the masses will be tolerated, inside jokes and snippets will be not only tolerated, but encouraged.
Additionally, as part of the new free trade agreement with South Korea, we will hire 10,000 South Korean workers, who when on break from farming World Of Warcraft, will click incessantly on the site and search for it, in order to ensure that the site "trends" well and "scores" high on any internet survey of what is hot.
Any questions can be directly to our press secretary, currently sharing office space at the Fed.
If 10.000 korean workers don't get it in right, there is proven English Gentlemen Club answer: Maxim.
[ -
Enter amount (in BLN): 10
Enter target: PIZZA
Are you sure: yes/yes
Execute=yes
-]
even the massively manipulated numbers looked horrible so the market tanked but all it takes is a tiny debt transfer to make it jump.
We've been playing this game for a very long time know. When will the manipulators give up? Eventualy they have to capitulate to the facts. No fantasy can go on forever.
this video is on automatic replay...ad nauseum.
The question is do I short the ES at 1202 or 1208......
What is stopping them/us from "short-term tactical" injections until we're all dead?
won't work
we're not dead in the short-term, BiCheZ!
tick tock
rrrrriiiiiiiinnnnnnnngggggg
nm
Pheww,
I knew the downdraft was temporary since Todd Martin from SocGen told us that the bottom is already in. It better be, I just sold a kidney to buy Netflix.
spartan117 stumbled upon the chosen course for future stability.
short term tactical injections forever.
Tactically, we support the people.
Strategically, it would be better if you where all dead.
Van Damme, bitchez!