Germany said they are preparing to shield their banks from a Greek default. They are priming the markets for this eventuality, in my opinion. There is no way this news gets out without those “original buttfuckers” defaulting, sometime soon. I am rethinking my bounce scenario, as the fucking market dives lower. I hate making hard decisions on Friday’s, whilst the market drops like a stone. You know, it’s fucking tiring having to deal with +300 then -300 every other day. I fucking hate everyone in charge and would love to sell all stocks shorts with impunity. However, the next thing you know, the same fuckers will unveil some psychopath plan that will buoy the markets 500 in a day.
Nevertheless, I am likely to raise some cash today.
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TIME TO BE SKIFFLIN’ OFF TO BUFFALO, ROBERTA FLACKAS!!
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Looks like Vincheremy got sauce on the formatting html again, yes?
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looks fine to me
How come I can’t bold, then?
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well i have nailed this market all week.. on monday at noon i predicted a rally and nailed it.
late wednesday when the bulls were running wild i said sell and build into shorts. nailed it again.
i am now covering and getting long looking to sell at higher prices on monday after there is hopefully no attacks.
this market is my bitch.
it was actually tuesday .. then wendesday..
here is my post from wednesday afternoon
Guys.. We have rallied 55 spx points from yesterday.. I called the rally yesterday morning, now I’m telling you to sell your stocks…55 spx points is a gift in bear market…take it
The fly is buying into strength and I disagree.. Get your short list ready
I will mail you a scooby snack
I will change his name to big douche.
love the BUFF!!!
Don’t trade fxcm !..looking to join a The class action suit against these banker liers ..software charting ..order issues creating losess for many !
Nothing like waking up to losses on orders you removed the night before.
buying qld at 76
Why not wait til the gap fill at $75 at least?
Don’t you like money?
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i agree.. i have another order in at 74.75 just the first buy
buying GLL at 15
My bad.
You don’t like money.
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buying bx at 12.45
sold my last spy puts and covered shorts
As the global CONtagion rages ablaze and Banks burn to the ground, how much will it cost US Money Centers in CDS losses?
$30 BN?
$60 BN?
$100 BN?
$200 + BN?
buying fas at 12.15
(He is allergic to money?)
😉
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No kidding but is Germany thinking of leaving the Euro this weekend with this sort of news?
It’s very unlikely but it’s also not zero.
Perhaps the game plan is what i suggested earlier in the week. Let Greece fall out of the Euro and then ring fence the rest of Europe with closer ties.
Let the Souvlaki burn, then?
What about all those greasy souvlaki bonds in our friends’ favorite banks (I’m thinking of a certain Swiss friend).
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they are the ones that have benefitted from the euro, at the expense of the rest of the countries. if they left the eurozone, it would be an extremely, exceptionally ironic decision.
What?
Last time I looked, Greece has been spending other people’s money for 10 years. Same goes for Italy and Spain.
That wouldn’t have been possible without the Euro.
Let Greece fail as an example to the rest of the member States? Kinda like Lehman Bros? They just can’t be saved? It’s not like we didn’t always know that Germany would protect their own.
Treasures are telling this move to fuck off.
Thinking I need to buy more TBT.
What you said, except the exact opposite. 10year is at new lows.
what are the odds that a greek default isn’t priced in? the bonds are trading at like 50% for petes sake. not saying it is, i don’t have enough market experience to honestly feel confident in an assessment of that, but…
the euro is breaking up. it would take intelligent action to preserve it and the europeans are showing no signs of wanting to be intelligent at all…
what is the actual impact of that? long run its better for the world, the single question is the short run.
It’s not priced in the balance sheets of the Euro banks that still have sovereign bonds at face value. They haven’t written down the cost.
The ECB also takes a huge fucking hit too and will wipe out its capital.
the ECB, like all central banks, has infinite capital.
but you are probably right, we probably have one hell of a sell offish mess from it.
Zimbabwe too, infinate capital.
very, very different situation. very different.
in that case the currency was essentially rejected and THEN the government resorted to printing.
Yea they do, however it’s not a good fucking look. I can’t believe those morons left the overnight rate unchanged this week. They have a fucking crash on their hands and they left it.
Unfuckingbelieveliable.
The other potential problem of course is France. If those fuckers lose their AAA credit rating the game is up because they are the next biggest funders of the bailout money next to Germany.
This is a fucking mess.
agreed. their actions are almost beyond belief, they couldn’t do much better if their goal was to plan a disaster…
its not that big of a deal for them to end this crisis, and they don’t have to “print money” to do it, just centralize the PIIGS debt and reorganize their treaties. …
but hugh hendry will win. they won’t act intelligently until faced with such a crisis that political will/fear to end it overwhelms their petty bickering.
hugh is going into the history books for that article he wrote a couple years back…
For whats happening TLT isnt ripping too hard.
jake gint..
not trying to be cute here.. this is serious
we will talk again on monday and see how i fared
i think my buys are smart and im playing with there money at this point
huge week
1199 to 1149 ES in 24 hours
This is the story:
“Chancellor Angela Merkel’s government is preparing plans to shore up German banks in the event that Greece fails to meet the terms of its aid package and defaults, three coalition officials said.
The emergency plan involves measures to help banks and insurers that face a possible 50 percent loss on their Greek bonds if the next tranche of Greece’s bailout is withheld, said the people, who spoke on condition of anonymity because the deliberations are being held in private. The successor to the German government’s bank-rescue fund introduced in 2008 might be enrolled to help recapitalize the banks, one of the people said.
The existence of a “Plan B” underscores German concerns that Greece’s failure to stick to budget-cutting targets threatens European efforts to tame the debt crisis rattling the euro. German lawmakers stepped up their criticism of Greece this week, threatening to withhold aid unless it meets the terms of its austerity package, after an international mission to Athens suspended its report on the country’s progress. ”
I’m not playing a stock game because anything can happen.
However it maybe political posturing on Germany’s part to get the Greeks to push harder. This will of course depend on how the Greeks see things. It may mean they pull out. however the cost of pulling out is bigger for Greece than it is staying in.
the austerity measures forced on greece all but ensure a default one day, irony at its most dangerous
It’s not the austerity, it’s the currency. They have no outlet with monetary policy.
both are true in my view. long run euro dissolution helps the world at large, but maybe hurts germany…
I’ve been short oil futures from $90 dollars. That and a 7-10 year bond ETF are my only relevant posistions. I’m nervous about the geopolitical risk ahead of the ten year 9/11 mark, but I think if we get through this weekend without any terrorist shenanigans, oil will break $85, from there, we can fall hard.
lets be serious, oil is still overvalued. it has an absolutely limitless bid. a reasonably prudent risk on trade in my view would be long oil short spy. if we go to spy 1500 thats + 30%. anybody think that, with presumably a fairly great deal of good economic news needed to get us to 1500… oil won’t find its way back to 110? thats 30% for earl from here.
how about if the s and p makes it to 1350 again? not eve 20% from here. anybody think oil doesn’t tap 100+ on the way?
the reason this is a risk on idea is that if we hit a true panic lehman deflationary panic scneario… all wrist slitting and warm bathtubs…
oil could probably go much, much lower. maybe a cross-market straddle. long oil calls, long spy puts. or long tza puts (bullish/risk on) long UCO puts (bearish/risk off), putting decay to work for you both ways.
Counting down to my Big Ugly coming next week. Without having to deal with the Clam, ECB, BoE makes this game so much easier.
I just came back from a 20-min shower, and now, when I’m clean, shit hits the fun!? What the fuck!
But I wouldn’t be surprised if we actually rip higher after actual default happens. The markets might actually welcome it.
Germany said they be preparin’ to shield they banks from a Greek default, man. They be primin’ da markets fo dis eventuality, in ma opinion, know what I’m sayin’? There be naw way dis news gets out without those “original buttfuckers” defaulting, sometime soon, man. Ah be rethinkin’ ma bounce scenario, as da fuckin’ market dives lower, know what I’m sayin’? Ah hate makin’ hard decisions on Friday’s, whilst da market drops like a stone, man. Yo’ ass know, it’s fuckin’ tirin’ havin’ to deal wid +300 then -300 every otha day, man. Ah fuckin’ hate everyone in charge ‘n would love to sell all stocks shorts wid impunity, man. However, da next thin’ yo’ ass know, da same fuckers gots to unveil some psychopath plan dat gots to buoy da markets 500 in a day.
Nevertheless, Ah be likely to raise some cash today.
some really smart people, like woodshedder, said that about the us downgrade…
I just got around to reading the Dan Dickhead article mentioned in the previous post. I will not bother with commenting on whether it’s financial fuckery that’s propping up the spread. What I have contention with is his list of companies to play a wide spread. Quite a few in his list are mostly NG producers with little or no exposure to Brent oil pricing. How the hell did he come up with such a fucktarded list?
germany -vs- the world. we’ve had this show before, but then we shot back at them, today the other X billion people are somewhat powerless…
Buying JEF TTMI and homerun HDY for my stash!