The most recent poll has Le Pen leading the pack — destined to run against Benoît Hamon. Look at this psychopath. He cannot win.
So if Marine Le Pen is up in the polls, running on the promise to tell both the EU and NATO to fuck off, why aren’t markets taking her seriously?
Here are some of her recent comments, regarding the EU.
“The European Union is dead, but it still hasn’t realized that. It has failed on all fronts: economic (growth is very slow), social (poverty is rising and unemployment is too high) and security (the EU is not able to protect its borders, and can’t protect us from Islamist terrorism).”
“If an experiment fails so miserably, it is finished.”
“I demand from the European Union the return of independence in four areas: (our) borders, currency, economy and legislature.”
“Either the EU agrees to that, and we will arrive at a Europe of the people, or it refuses and then I will say to the French that we should leave the European Union and I will call for a referendum (on membership).”
She sounds pretty fucking serious to me. Yet, markets, well are being eternally optimistic. Nothing can stop the neverending lift towards hedonistic greatness. This is like watching John Podesta cooking his famous walnut flavoured risotto, whilst his fucking pizzeria is burning down.
You cannot have it both ways, Mother Market.
There have been early stress points in the French bond markets versus the Spaniard.
Aside from that, it’s important that everyone reading this know that if FREXIT happens, the world as you know it will end. Fast tides will consume every avenue of air and you will quickly drown in the subterfuge that was once known as EU bullshit.
In the meantime, enjoy the scenery that $80b in monthly ECB purchases afford you.
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$URA looking good today. Maybe the bottom in uranium is in?
I don’t understand why people aren’t treating EU breakup as a foregone conclusion and preparing accordingly. Even evil Soros is saying it’s inevitable – and what’s the time frame, 12-18 mos? No reason not to bank coin in the meantime, but it’s coming…
Market can have it both ways when a master power shows up around noon and pushes the assuredly rising Vix back under 12
And indexes show a pretty constant line for 4 hours, even despite an anomolous jump/fall from 1:30 – 2
And, reflects a similar pattern and placement of pivots as the majority of the last 120+ trading days
Laugh Out Loud
The french election is 3 months away. The market should be able to give a nice 10% return during that time.
Buy XIV and hold it, goes up daily, whether the market is up, down or sideways.
For her to win the election, she would have to win with the absolute majority in the first round of the voting process. If the election goes into the second round (like it is almost always the case) then every other party will gang up against her, and she will end up losing.
https://en.wikipedia.org/wiki/Two-round_system
> why aren’t markets taking her seriously?
because there are no longer any free markets. It’s all manipulated and rigged casino in favour of the house (central banks, HFT, etc..) . Just sayin’….