The greasy monkeys from Greece have been SAVED!! As a result, short sellers are getting the “Greek treatment,” by way of large and unsustainable capital losses. Wins can be found everywhere, especially in the beaten down commodity sector.
My top picks are POSCO (ADR) [[PKX]] , Cummins Inc. [[CMI]] , United States Steel Corporation [[X]] and Nucor Corporation [[NUE]] .
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They have internet in Romania?
They have internet in Romania?
Fly sent the post via carrier pigeon I believe.
Anon
What in the world are you talking about?
I think it’s Zero Hedge “inside baseball.”
One step up from Dopes w. No Hope “inside baseball.”
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Ridiculous. All of those countries are not going to default. Geez, do you even look at cds spreads? They are tightening and italy has never widened.
fig.
Giddy up
We are going back to January highs…
http://bit.ly/cIp2M8
There’s something unpleasant in the tape on X.
My finger is getting itchy to take my 5% on this one and run.
Not really.
The boyz at GS say careful.
Fly,
Given the huge global rally with the Greek bailout, do you think a potential “White Swan” event exists down the road whereby all US debt could be forgiven…leading to a rally of perhaps 40,000??
Cheers!
I think you might enjoy reading this article about debt forgiveness…
http://www.marketoracle.co.uk/Article16870.html
Michael Hudson is an economic advisor to the elites, and he suggests debt forgiveness, as well —
http://www.youtube.com/watch?v=3pwAFohWBL4
I am sitting at a Peet’s coffee waiting to meet someone, so I thought we could play a little game called “Serial Killer or Child Molester”
Anyone can play
Serial Killer or Child Molester? (note, his eyes are much beadier than my camera phone could capture)
http://tinyurl.com/SK0CM1
http://tinyurl.com/SKCMII
LOFL. Both?
Serial killer
Goldman Sachs Board member?
agreed.
This man kills cereal.
“Greek treatment” made me do a spit take.
Way too much of a yo-yo today – first greece is saved, then it’s not
I’m not doing shit till someone figures it out
Granddaddy said: “Never use the jacuzzi on a Greek fishing trawler”. I think that could be a parable for this “rally”.
That sharp move down was fueled by a rumor that the Greece news was false. I think it was misinformation to slow the train down.
Yepyepyepyepyepyepyep-yep-yep-YEP!
(in the fashion of the famous Sesame Street muppet-aliens)
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GS going negative;
They know what is going on behind the doors.
The market could do it Barney Frank Greek style today to both bulls and bears.
GS and the banks are “going negative” (or flirting therewith) because they were massively short the Eurotard.
(or in the case of the domestic non IB banks, long the dollar via the Fed reserve notes in their vaults)
So Sorry, Golden Slacks… although I’m sure you are still winning even as you appear to be losing….
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Anyone want to gamble with YGE earnings for tomorrow?
I know a couple thousand people who will trade a block of feta cheese and anal sex for that gamble.
A Greek “bailout” would result in a much weaker Euro….because Greece isn’t the only country that needs one. How is this good news for stocks, euros, etc.?
nonsense. Greece is 2% of EU GDP.
Greece is the poor man’s French Riviera. In other words, the Eurozone doesn’t give a shit about the place falling off because it will mean even cheaper vacations for the rich. Why would Germany care to “save” Greece, when they can have the entire country for free in a year or 2. Germany is still pissed about WW2, and they will fuck their neighbors six ways to Sunday when the time comes. Germans are some seriously nationalistic assholes. They continue to believe they are superior to the world, and will fuck the Greek for 2000 year old grudges. This one day “rally” is a fucking joke and should be used to sell all long positions. There is no way I would add to longs here, I am adding to my shorts instead. We may have another up day tomorrow, but it is going to stop at S&P 1100.
Just like you were saying before the selloff, right?
As a matter of fact, yes. I have been saying this market is toast for a few weeks. You are welcome to read my posts and see. BTW, the biggest tell that this is a bullshit rally is SRS. That fucker continues to be green while the S&P is up 200.
Are you familiar with a gentleman who went by the name CAP??
SRS rally up tells me that people are simply hedging with an at-risk sector. BFD.
“At Risk” Sector. LOL. Do you understand what percentage of the entire wealth of this country is locked into commercial real estate. The very fact that Real Estate is at risk after the trillions spent on bail-outs should tell you how fucked this market is. Go ahead and buy URE if you believe in this market. I predict a reverse split, FAZ style in the next year for URE. and i have never heard of CAP
SRS is up (by a huge one penny) because interest rates are up.
TBT is your better bet, FIG Newts.
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Once again, you have no idea what you speak of.
Back to Zerohedge for you.
Invoking Zerohedge might be a reasonable dis to some of your more random commenters but always remember this: you’ll never have a Marla on this site. Best not even to mention them.
Not even if you dress that Jake Gint character in a skirt. Marla could run rings around his grammatical atrocities.
Who is Marla? I knew a Marla in college… she was smoking hot. But meeaaaaaan?
Yikes, she was mean.
Nickname — “Snarla.”
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Right. As I was saying, ” …because Greece isn’t the only country that needs one. (a bailout)” A bailout of Greece opens the door to all the other fiscally reprehensible EU members to scream for one of their own.
Correct sir. This is a very similar to Feb 2008. When a fucking useless and worthless entity (Bear Stearns) fucked itself into oblivion and went to the public trough for CPR. In the end, there was no way we were going to save Bear and expect the rest of the fucking worthless assholes to not come around later.
Hurray! Still though, if you’re like me and using credit, cut that shit out. Good times for the dollar ahead, and you don’t want to be beholden to it.
Greece may be 2% of the EU GDP, but the PIIGS (all of whom need a bailout) is 37% of the EU GDP. Be a dollar bull and short stocks… or buy steel on the mythical global recovery nonsense. Outside of tech and biotech there is not much to get excited about in this market and tech is just about run its course as the weaker dollar trade is about done. Strong dollar means all those positive forex results will go bye-bye and earnings will come down. Oh, and CSCO will do well because these here internets are in the middle of their product life cycle, meaning it is upgrade time and INTC only killed it because of net books, what chip does the iCrap use?? Have fun getting whipsawed and buy MO so you got something to smoke when you get the Greek treatment.
Who has the power in the European union; the relatively responsible countries, or the over-spenders?
How powerful are advocates for holding down money growth in the US during this election year?
Why would you be bullish on the dollar v euro for more than a trade?