I am not interested in the least about what the EU officials say they are going to do. I don’t care about any of the proposed bailouts. I’m sick of seeing Angela Merkel on television, and listening to her coarse voice spelling promises.
I’ve stopped hearing you talking about the Fed. I’m not paying attention to the fluttering, faltering stories of quantitative easing. I definitely don’t want to listen to another high minded speech about building confidence from a central banker.
You want to get me bullish?
All you need to do is give me an announcement. One, simple announcement.
That announcement doesn’t need to have any comments in it; it can be devoid of opinions or perceptions; I don’t want to hear an assessment of current events or things that have led up to this point; I don’t even care to hear about what we’re going to do going forward.
In fact, as far as I’m concerned, the less that is said the better.
The only thing I want this announcement to say is “Fed, ECB, working in tandem, purchase $(insert number)00 billion in (insert financial product here).”
You give me that, and I’ll be the biggest bullshitter you’ve ever laid eyes upon. I’ll jump up on my desk and start grabbing books off the shelves, then shred their pages and scribble the word “BULLISH” across their pieces. I’ll run to my balcony and fling the pieces into the eight winds of heaven so that every piece of shit within fifty miles of me knows, “buy.”
You give me that and I’ll buy back all my UCO…and I’ll keep on buying. I’ll go long oil on its path to $200. I’ll sell all my ERY and keep rolling into ERX. I’d even consider selling my EUO position, just because the exchange rate between the dollar and euro would be supported.
You give me that announcement, and I’m 120% long inside of two weeks, snorting up commodities like a crack whore does blow.
But shy of that, I just don’t fucking care. Because I’ve seen this donkey show more than enough times to be numb to it.
I watched last night as no less than five rumors racked across the planet in less than two hours. Two rumors of the IMF bailing out the EU (first Italy, then more generally everybody), one rumor of the Fed purchasing more MBS paper, some garbage about how a new treaty adoption could be implemented “quickly” to increase sentiment, and one piece of shit rumor about some “Elite” bonds (don’t bother asking, it was dispelled as soon as it was uttered) that would save the day.
This is all the same repackaged fish. And it smells aweful.
I’m sick of listening; I want to see. I want to see action, not hear about it. From the first, the Europeans have treated this crisis as a crisis of confidence; of sentiment. If only people felt better, then everything would be just fine. But this isn’t a crisis of confidence; a lack of confidence was just the spark, but the kerosene-soaked straw that filled the barn was and is the problem. You can’t wish fire away, assholes.
Until I see the EU successfully start to roll over their short term maturity debt, you can fuck off.
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