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In the past few minutes, the market, in true stung dog fashion, has soared without anyone even being faintly aware of what the actual news is

By: capt_nemo in ROUND | Recommend this post (0)
Mon, 07 Nov 11 11:58 PM | 34 view(s)
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Msg. 36129 of 45651
Jump:

I rest my case, Just algo driven drives on rumors. Now that is what I call a functional market, weeeeeeeeeeeee

The consensus for the time being is that the primary driver of the latest bout of idiocy is the following BBG headline:

GREEK PRIME MINISTER MAY BE IMF'S ROUMELIOTIS, NET TV SAYS

How this makes any sense we don't know. Supposedly the IMF being in charge of Greece will make losses to European banks even more negligible (and Greek austerity that much more austere) or something. We don't even pretend to comprehend this BS any more. Obviously we would say this rumor is total BS, but with Europe now a fully onionized continent, we prefer to keep our mouth shut.

What next: Donald Trump for new Greek president?
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Realist - Everybody in America is soft, and hates conflict. The cure for this, both in politics and social life, is the same -- hardihood. Give them raw truth.

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