iBankCoin
18 years in Wall Street, left after finding out it was all horseshit. Founder/ Master and Commander: iBankCoin, finance news and commentary from the future.
Joined Nov 10, 2007
23,460 Blog Posts

BAGHOLDERS

Greece walked away from the Nazi table and will exercise a bank holiday tomorrow, as well as implement capital controls. Bordering Macedonia is taking precautions as well. This is the end game for the Greek people. Very soon, they will be starving, en masse, as deflationary forces grip their heads into the vice of German machines.

The euro is down about 1% and the outlook for equity markets looks ominous.

But will Grandma Yellen and co simply sit back and watch these shenanigans without taking action? Will the good Dr. Benjamin Bernanke, in his dimly lit corner office at Citadel, sit back and watch his good work go to waste?

1. Forget about Fed tightening. It’s a ridiculous notion and will never happen when police are in riot gear trying to control fuckers who don’t want to pay their bills.

2. The ECB will be forced to print until their heads explode, to backstop any losses due to a Greek exit. Fuck all of you assholes who say “Grexit.”

The ECB has been giving money to Greece in order to keep their euro pipe dream intact. The biggest loser in all of this is Germany, giant fucking bagholders, ashtrays for the lazy giraffe eaters in Crete.

Dips will be bought.

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53 comments

  1. vandamme

    This is so bullish equities.

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    • frog

      Yes it is. Whether it’s bullish sooner, or bullish later, is the only question here. As Fly says “The ECB will be forced to print until their heads explode.”

      Sooner or later, equity markets worldwide will be awash in an ocean of cash. If only the world had as much clean drinking water as it has currency, that would be great.

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  2. billiejones

    The fact that the knee jerk reaction to almost any event is “bullish for equities” is downright scary.

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  3. banjoman

    Doubt we open down 325 Dow points tomorrow. We shall see.

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  4. Quality Control Inferno
    Quality Control Inferno

    $DB is going to go bankrupt this year. Will they be bailed out? Just watch.

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  5. tradercaddy

    The eat giraffe in Crete?
    I thought they eat Souvlaki and stuff like that.
    The tail must be pretty chewy.

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  6. matt_bear

    Looks like tomorrow is the time to buy QQQ calls.

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  7. levrage

    I think we’re in for an hour or so of sheer terror until everyone says, hey, who gives a fuck about Greece anyway.

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  8. it is showtime

    ENDGAME anyone?

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  9. matt_bear

    Since /ES is the S&P, which of the 500 companies will be seriously effected by Greece?

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    • bruce keller

      More like, how did China know about this Greek thing going bad like a week or two in advance?!

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  10. UncleBuccs

    Open flat tomorrow?

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  11. UncleBuccs

    We need to get a bear party going here. Surely there’s a bunch of good tunes. I’m throwing out “Holy Diver” to start. Will try to think of another.
    https://youtu.be/bkysjcs5vFU

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  12. UncleBuccs

    “Stone Cold Dead In The Market”… Ha ha! https://youtu.be/2HlK96kSNt0

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  13. UncleBuccs

    Freddie King – “Going Down” https://youtu.be/V_ONyukSLqA

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  14. jpmorgains

    That track is fire son.

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  15. bexpo

    Greek Drama All Week? How low & long will the dips go & last? Your lead Fly? This could get uglier than anyone thought…

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  16. UncleBuccs

    This one was a layup that I was hoping someone would post. “Raining Blood” https://youtu.be/z8ZqFlw6hYg

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  17. bruce keller

    Jeez there goes SSE.

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  18. UncleBuccs

    You knee I’d be digging up some moldy soul song at some point. “Everybody’s Gotta Lose Someday”. https://youtu.be/STLLxTT0CYQ

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  19. t.c.

    I thought this was the obvious one- The Boss “I’m Going Down”
    https://www.youtube.com/watch?v=aaKRByNhb0Y

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  20. bruce keller

    I think a good sneaky one would be down into Tuesday then bounce into the weekend then the real pain. Probably will do about the opposite.

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    • bruce keller

      But don’t forget one thing: buyback blackouts are in effect bitches, so there goes another constant bid besides QE.

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  21. t.c.

    Alright Buccs, Thanks for the gallows humor. I’m out!

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  22. UncleBuccs

    For the hot money studs holding those short-dated out of the money calls: Play this one as you open your account and fumes literally come out of your screen and waft about your face. “Bulldozer” https://youtu.be/k-1zmZTTpVI

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  23. UncleBuccs

    Guess I’m done for the night. Hopefully tomorrow plays out like this real-life bear attack. https://youtu.be/lTMwrAefIVQ

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  24. t.c.

    One Moar. “This is the End” Doors
    https://www.youtube.com/watch?v=1ar27ChFKqA

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  25. it is showtime

    Shanghai under 4000
    Love it love it love it
    Fuckers

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  26. duckkell

    90% cash…where to from here? sector??

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    • bood

      it depends on the most speculated down sectors.. ps greece is not going out of Euro ..index will celebrate later this or next week

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  27. bruce keller

    Well this isn’t too bad! Good thing we’re not looking like China! ^_^

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