Europe is shitting the shower, following a “successful” Italian bond auction. However, that was accomplished through the efforts of the ECB. The Euro is cratering, down by more than 1.2%–sending shockwaves across our futures. The result is a much stronger dollar, treasuries and fucked up gold and silver pinless hand grenade action.
Thanks to the perverts in Europe, we will likely give back everything we gained on Friday.
However, don’t let the Debby Downers get you down for Zynga is coming public this week. Need I remind you that GSVC owns a piece?
At any rate, the “Pandemic People” over in Germany are “winning” in a Charlie Sheen sort of way. By the time they complete their victory, the entirety of Europe will be a smoldering pile of shit. Having said that, Intel just warned because of Thailand. I am not so sure that is makes sense to believe Thailand is the real reason behind this fuckery. Let’s just assume the world is stupid and we need to make smart trades.
NOTHING is long term, not even your life.
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Bought Q’s @ 56.41 pre-market.
INTC warning a gift as GOOG,AAPL barely moved.
EAT YOUR PEAS
The New York Stock Exchange is having some technical problems this morning affecting only some lightly traded, barely held stocks like Bank of America, IBM and more.
http://blogs.wsj.com/marketbeat/2011/12/12/nyse-technical-glitch-affects-bank-of-america-ibm-more/?mod=yahoo_hs
i may buy more gld, gdx…
You, my friend, are nuts. Stay away!
if we drop to 1600, im in.
Germany won! Funny, I was thinking the same thing last night. Hyperbole aside, Germany now runs the EU and they managed to make the package so un-attractive to make Britain walk away. Europeans obviously have short memories.
the irony is that Germany’s economy will crater, and their bond auctions eventually fail also, if they don’t hcange the monetary system.
even the gold standard printed money on a daily basis, to create new currency – new net financial assets – for the private sector to work with. Europe? Export net financial assets every day and have a massively negative number of net Euros inside the eurozone…
If I were Germany, I’d run with the safe haven status by letting the euro fail and then rolling over my entire net debt with 100 year auctions at 3%.
You can always fix the euro after you have the next century paid for.
great close for this post
Just sayn’..
SDRL – Today’s acquisition candidate on the Oslo Stock Exchange – Seadrill.
Today’s acquisition candidate on the Oslo Stock Exchange
-An almost horizontal trend has broken to the upside. Continued strong growth is indicated, Investtec recommends purchase of Seadrill.
Article by: Stian Jacobsen (Reuters – 12/12/11 11:34)
In the analysis today from Investtech. Seadrill is today’s acquisition candidate on the Oslo Stock Exchange.
– A nearly horizontal trend is broken upwards. Continued strong growth is indicated, and Seadrill now a support line, any downward reactions towards the trend lines. The stock tests support at approx.196 which can cause a reaction up, according to Invest Tech.
– Volume Tops and bottoms volume coresponds porlly with the tops and the bottoms in pps. This weakens the trend break, Invest Tech.
– RSI diverges negatively to the price, which indicates a risk of a reaction downwards. The stockis considered as a whole technically positive for the medium term. Medium term: Buy Candidate, says Invest Tech.
The Oslo stock exchange?
Isn’t that the one that trades exclusively in the currency of mackeral, like the U.S. Prison System?
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Oh fer crissakes , don’t make a mockery of the whole fookn’ thing, it’s the currency of salmon. And salmon farms. And salmon harvesters. Guys who sell rope nets are in big demand.
“NOTHING is long term, not even your life.”
“on a long enough timeline…”
-1*10^23
I knoooow nusssink!!
Great front page pic.
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Also,
I hear nusssink! I say nusssink!
Hoooooogan!!!!! (True story–Werner Von Klemperer, being Jewish, agreed to play the part of Col. Klink as long as he always “lost.”)
folks, nothing NOTHING has been accomplished in Europe.
ONLY changing the monetary system can salvage the Euro and the Eurozone long term, and they haven’t even HINTED that they will consider this.
posted friday. no teeth.
magic jack to get IPO. note from etrade.
I always assumed that Magic Jack wasn’t actually a company, and that the non-stop ad spots on CNBC were just for fun/sport.