>>3582656 pb 4545
I say we take it over and have a great celebration that ALL are invited to. Sell it…give the money to the VA.
Here's your open border George…grande pinoche!
Mkts gonna tank-no surprise there!……they spent, in my estimation, about $500b pushing it up from low yesterday.
Spinning plates…just like spinning plates.
Go ahead cross it you commie bastards!!!
Salvini stepping up and setting up the domino.
https://www.zerohedge.com/news/2018-10-24/400-bps-italy-inadvertently-sets-red-line-coming-bank-run
ex
The last time "lo spread" hit 400 bps was in late 2012, around the time of Mario Draghi's legendary "whatever it takes" speech.
According to the Italian official, who is Deputy Prime Minister Matteo Salvini’s closest aide, bank assets would "automatically" suffer if the spread neared the 400-level and so as a consequence recapitalization would be needed. And since a recap for Italy's capital starved banks would likely entail balance sheet restructurings, accompanied by bail-ins of creditors and/or depositors, the closer "lo spread" got to the critical red line, the more likely Italian bank runs will become.
Said otherwise, the Italian population will now be even more focused on the spread of Italian bonds, and the higher it grows, the less comfort Italians will have with keeping their savings in local banks, and the more likely bank jogs (and then runs) will become.
Having thus set the bogey, Giorgetti then tried to assure the population that such a move would not be needed, as the government would be ready to intervene "immediately" if needed and "won’t wait months as Matteo Renzi’s government did with Monte dei Paschi" although as Berlusconi so fondly remembers, any attempts at intervention will ultimately end up futile if not backstopped by the ECB and/or Brussels.
Must rethink bunga bunga if you have not already..he was fighting this too. EURO was at 1.60 in 2009 and he was trying to force this shit to a head. Was removed by the DS after his attempt.
DB goes…it ALL goes. Everything is hypothecated through DB.
day 5 of total lockout of alt links.
They still have the same 'maintenance mode' splash.
For 5 days eh?
Paris
dc2dcd (2)
exactly what this anon did. Saw that shit a mile away.
and magically our futures go positive.
such a joke
seems today we have some olderanons or at least ones that read more.
We are surfacing shills….get out of the way or be removed.
Dollar Spikes To 16-Month Highs As Euro Drops, Rand Routed
https://www.zerohedge.com/news/2018-10-24/dollar-spikes-16-month-highs-euro-drops-rand-routed
ex
Following disappointing PMIs from Europe, the euro is sliding sparking a surge in the dollar index above previous 2018 highs to its highest since June 2017. This is sparking more chaos in EM currencies led by a collapse in the Rand…
Weak EU and German PMIs (fell to a 41mth low of 52.7 in Oct) sent the euro sliding back near August lows…
dc2dcd (5)
you just don't learn do ya
dc2dcd (7)
had enough of that shit for too long.
I don't filter but having crumbs that big for nothing is BS.
Fade this fucker…..you will be loaded if you sell his advice.
Even Gartman Is Calling For A Bounce
https://www.zerohedge.com/news/2018-10-24/even-gartman-calling-bounce
ex
With the Dow and S&P dangerously close to red for the year, Wall Street's heavy bullish artillery is out today and urging clients and retail investors to BTFD (even as professional investors are busy liquidating into the recent rout as Goldman explained earlier this week).
Case in point: JPM technical strategist Jason Hunter said that the S&P 500 drop on Tuesday to its lowest level in nearly five months could be a sign of an imminent rebound: "The break to new correction lows puts the pieces in place for a bottom. We expect any residual weakness to find buying interest below 2,700." He then elaborates:
“The S&P 500 Index break to a new correction low and test of the 2,674-2,693 support zone triggered bullish momentum divergence signals on the intraday time frames. A move through 2,755-2,768 resistance would confirm a short-term trend reversal and turn our attention to the 2,816-2,826 and 2,865 resistance layers.”
Of course, since all Jason is doing is reading lines on a chart, the weakness may well accelerated. In any case, Hunter still expects a fourth-quarter rally that would push the market to new cycle highs into early 2019.
But while JPM's call may go either way, a more concerning "bottom call" came from none other than Dennis Gartman, who in a note to clients this morning writes that "two weeks ago we suggested that the S&P would find support at 2700 and for now it has. Whether this shall be lasting support is anyone’s guess but for now a bounce back toward 2820‐ 2850 is reasonable."
More from Gartman:
There were many who look to the recent steep sell off as a major new, long term buying opportunity. We do not, and we wish to be quite clear about that. Nonetheless, we do see this as a very short-term buying opportunity and shall not be surprised to see the S&P and the other broad indices bounce… and bounce perhaps rather steeply… from yesterday’s lows. Indeed, in the case of the US market, it has already completed a good deal of that bounce given that the Dow Industrials rallied a very significant 500 points from their low.
Nonetheless, several weeks ago we suggested that support for the S&P could… and likely would… be discovered at or near 2,700 and indeed that support did make itself evident yesterday. This can and should give rise to a bounce that takes the S&P futures perhaps back to the range between 2820-2850, which shall mark “The Box”, or the 50-62% retracement of the recent sharp break.
That said…
We have maintained…and still maintain… the same philosophy that we’d adopted for these past several weeks and months: that this is a bear market and that periods of strength can be and indeed must be used to sell into… to lighten up existing long positions if one is still reasonably long and to sell short if one is of that mind. We stand by that thesis. But for a day or two or three, a bounce is in order.
To this all we can say is that if everyone - and Gartman - is convinced that a 2-3 day bounce is imminent, it's quite clear what that means.
you glow
got your 6
tag 'em and bag 'em