The “European problem” has always scared me because of the implications. See, I’ve become spoiled to the generosity of the Federal Reserve. For the better part of 3 years, there has been a hard put in the market, whenever things got tough. The specter of a run on Europe’s banks will spell absolute and definitive doom for world markets. You cannot price it in.
Should Greece leave the euro, losses are likely to amount to north of $400 billion. If you thought the market was acting gay for a mere $2 billion hickey at JPM, wait until every single bank in Europe goes belly up. Naturally, the contagion will be outrageous and the financial landscape, as we know it, will need to be “re-authored.”
See, because of the severity of this scenario, it is my belief it will not happen. If you know it, so do the ball-jugglars at the ECB. If you are betting on downside trading action here, in the teeth of really bad news, you are playing with fire.
Why?
Because the news suggests the market should be 6,000 points lower than where it is now. We will easily head back to the 2009 lows, amidst revolution and martial law in every western country on Earth. All of this niceties, AND MORE, will be available for your entertainment, until an M1a1 tank lobs shells into your bullshit living room.
This is not a garden variety problem with ordinary consequences to be had. Because this is the end game, the ultimate bet, it’s literally all or nothing.
As you were.
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Like Magic, most debt will be wiped away…”Investors” will eat them and we’ll Brady Bond the rest. CDS’s will be DKed.
did you say something? i cant stop staring at your banner add of some beech in $lulu pants
*ad.
A game, bitch.
You should feel lucky, apparently the ad software thinks I’m interested in American made computer furniture. What the hell do the ad Gods know about me, I like beeches in lulu pants.
gold to $10k
Thanks for putting me on the front page.
Regards,
Julie
TZA bitches!
The pope can not create a profile. Keeps saying, ‘Sorry, that username already exists!’ Jeremy’s email?
Should I start raising prices on anti-anxiety/depression medication now?
[email protected]
so where do you figure they’ll release the hounds?
likely let this shit drift around into June, which ties into Fed/Greek elections.
need more pain otherwise will look like an 0bama push for re-election.
Next intervention will be global in which the fed will participate. Japan already laid the ground work about a week ago.
It took me a long time to realize that everyone wants to live in a defining moment in human history. Our news flow is far more biased towards this idea than any political slant it may be given. It reads as though we are always on the precipice of disaster. But seeing as disaster so rarely befalls us, I can’t help but think everyone has it so terribly wrong.
Reading history as a child, every defining moment always seemed so triumphant. But I wonder if in fact it’s always been like what we are seeing here. A slow motion train wreck piloted by a bunch of fucking idiots fighting over things they have little understanding of. You replay the disaster over and over and over again because no one really knows what they are doing and then someone decides to finally try something a little different and everything explodes. And the books are written by those that supposedly had it right all along.
This isn’t make believe, pal. This is the real fucking deal. If 2008 didnt spell that out for you, you and your fucking history books are useless.
2008 was nothing compared to what’s coming but the central banks will step in to kick the can down the road again. It’s coming though.
i don’t like riddles
http://www.youtube.com/watch_popup?v=y-RP8-UGvx4&vq=medium#t=48
And those are just itty bitty tanks. ….
5 cool points for the video and 0 points for the BS commentary lol. JP le fly. Hey I’m trying to get on the blogger network to share some analysis and my username is good but forgot password. Reset password link in email is not showing up when email received. Get your team on the job now lol. Enjoy your night bro
Gravity hammer inbound.
Fuck off piker.
I’m sure that was to the dude that was talking homo regarding the gravity hammer inbound…
Someone ban this fool asap before he gets beech slapped
I’m not scared for the hedgies losing their shat in step-ins for their bets on Greek shit securities BUT, i am scared witless over the notion that US federal and state governments will be using drones for indiscriminate surveillance of everybody and everything. Priorities boyos, get your scared cards in the right order.
And now for something completely different.
Monty Python, excellent!!
when the market opens lower in the morning in the morning flexing heavy muscle ..opening BGZ-TZA-MWN EDZ-DPK ALLREADY HAVE FAZ might press that up a couple of units …going to be a lovely fuckn war
ben and jamie r probably working
on a new QE euroamerican ice cream
as we r speaking
The only thing that matters is: re-elect preznit Barry Hussein Obama. The bearded clam’s 2012 goal is to see Obama back in the white house come Jan. 2013, otherwise total, abject failure. So, watch for a surprise move soon, an announcement from the fed that is unpredictable but one that will kill the short sellers dead’er than doornails for a while. You don’t want to be caught short here, so pick your oversold spots and nip in for a few points. Definitely a trader’s market here, don’t hold overnight.
so what is it that your trying to say ??? sell everything and hide?
GDX, SLW, IAG
Trade small and carry a big stick.
I am most likely dead.
why
SLW, GDX and IAG
there is a confrence call soon with SLW if that helps at all////dude are you shorting those …
long, getting murdered
thats going to take FLY skills to hedge that to a point where damage isnt to bad …then pray for a pop which wont be much looking at my chart on it (gdx)
Boost is the new Devil Dog, albeit more polite.
no im not..he kept cost averaging all they way down from what i can remember ..wasnt a good thing to do…
im just taking advantage of a good situation ..i can get my ass out of trouble just as fast as i got it in there ..not cost avg. anything
although my faz pos..i would be cost avg up a chase if you will …if i see daylight ..faz is my only pos.at this defining moment
Fuck, Huggie. You need to check yourself before you wreck youself.
tomorrow i take my medicine.
” We will easily head back to the 2009 lows, amidst revolution and martial law in every western country on Earth. All of this niceties, AND MORE, will be available for your entertainment, until an M1a1 tank lobs shells into your bullshit living room.”
Hank Paulson redux.
lets face it….this is 2008 again….AND MORE.
Good god I thought FLY was a bull a few days ago? Is this sarcasm? The rapid fire bearishness over the same old shit is x rated worthy repeats. JPM is in trouble no doubt but I say Europe wants Greece gone and isn’t the EURO the most overpriced POS in the world. PRINT….. PRINT…..PRint………..Print……………..print. June earnings smell fine. Election years are bad when you have an incumbant not running again. EWQ/FXE puts, but don’t hang around too long.
My sentiments are an open book. I am the market.
The euro (which I think those fuckers thought the creation of would not cause another world war over there) could be the reason for some sort of WW3 if it collapses. The only “realistic” way to get some of those countries to pay is by rolling tanks in there.
The world doesn’t want that yet. So short term I hope to see some money printing soon.
Price it in? I think you are correct. A euroland fold up would bring new meaning to the term “black swan event”.
There is no way to price it in because there would be nothing left to price.
A piece of bread will buy a bag of gold………
Close to Götterdämmerung. But what about capital controls?
on the other hand, war helps the economy grow.
(no, i am not pro-war by any stretch of the imagination)
Says who?
JPM trading deficit $2 Billion
Calif. state budget $16 billion deficit.
Fed Budget deficit $1 Trillion.
What the fuck do we care about Jamie Dimon?
did he lie to regulators, ,analysts ,tv people ? me , you
The Prez? Gov. Brown? His controller? Who you talkin’ ’bout?
I’m beginning to feel a little uneasy about my trip to Italy in Sept. with the ball and chain. We might be dodging molotov cocktails.
Greece has a third the population of Canada and three times the number of civil servants. They take long holidays, retire young, and evade their taxes.
And they wonder why they are broke.
I think they will bring back the drachma and let it exist as a parallel currency to the Euro so that people can at least eat.
The Greeks don’t give a shit about eating, only drinking.
Just saying…
You want a prediction for tomorrow… Last week the consumer credit blew the fuck up to 21b consumer sent is up.. inventory’s down a tick..as the market rallied people bought a bunch of shit…. so here comes the retail data, it will be a big upside surprise.. oil will bounce and drive down the dollar.. comods and retail will rip. If oil moves down on the news and no real reaction from comods we break lower….
Hate to tell ya. The majority of that or the increase was non-revolving
Student loans auto loans
More bubble territory. Still a de-leveraging society, the leveraged consumer gone
“should be 6,000 points lower … easily head back to the 2009 lows … revolution and martial law in every western country … tank lobs shells into your bullshit living room”
Where do I start? First, you I-BLOG-coiners are full of hystrionic comparisons whenever you need to tell the herds to go to cash…OK, OK, I get your point.
Second, of course US markets would see another low like 2011 October 4, but nobody died when that happened, just the smart mofo’s were in all cash or had shorts/puts leading up to that date. The other half of the coin is the day of blood in the streets is an easy double from there to the return of cooler heads in the markets, which won’t take that long for the USA because our markets aren’t about to freeze up on behalf of Europe’s mess. Remember we have the “obamaconomy” high octane starter fuel, which is injected at every dip by Manny, Moe, and Bernanke.
Last, “revolution, martial law, shells in your living room” might be appropriate for your big screen TV news recap of Athens, Greece on the Day of Reckoning, but here in the USA enough of us have jobs and homes to provide beer and BBQ to the rest to chill out and watch the action. This is an election year and the gunslingers are wearing bulletproof vests here at home.
85% employed with another 4-6% working some kind of uncountable occupation as self employed = roughly 90% employed. Let’s start looking at the glass has some water in it instead of it being completely shattered, like I would be feeling like right about now if I was some Greek business owner who just voted for the nut job revolt party, but had lines of credit and multiple bank accounts to keep my crappy boat tour company operating. Hey Greek idiots keep napping and collecting benefits and retire at 50 OK. You all will be just fine.