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Perfectly Irrational Market Slides On News Spain Actually Not On Verge Of Default

By: capt_nemo in ROUND | Recommend this post (0)
Thu, 23 Aug 12 10:23 PM | 35 view(s)
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Not to worry, tomorrow will be the opposite, over and over, chezzzzzzzzzzzzz

Submitted by Tyler Durden on 08/23/2012 - 13:22 default

Within seconds of the non-news headline (via Bloomberg) hitting:

*EU SAYS IT'S NOT EXPECTING SPAIN AID REQUEST 'ANY TIME SOON'

The S&P 500 is crumbling, Oil is plunging, and EUR is selling off

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http://www.zerohedge.com/news/perfectly-irrational-market-slides-news-spain-actually-not-verge-default


vast-dom
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yes but to say SP is crumbling when it is anything above 800 is silly. SP has a 600 pt QE *UCK YOU BUFFER built in. Please people let's keep it all in perspective.

And oil below $120 is yet another perfect example of central planning.




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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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