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iPath S&P 500 VIX ST Futures ETN Message Board

  • tcbntn tcbntn Sep 6, 2012 3:01 PM Flag

    Let's think of what has actually changed....

    NOTHING. ECB will committ to bond purchases, short term, sterilized!, IF AND WHEN a country ASKS FOR IT AND COMPLIES WITH IMF/EU GUIDELINES!!! Has anyone complied? Has anyone asked for the bond purchases? AND all of this during the Dem convention, ONE week after Ob's calls to EU !!! All a sham!!! What has happened today will not create ONE job! They have only given the politicians more room to abuse debts and deficits!!!

    I thought that they had solved ALL of their problems in June? remember??? Now this? insanity!

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    • Draagi said he would do unlimited bond buying.Unlimited, oh really.Because he said it the market drank the kool aid like sheep without stopping to think.

      Sentiment: Strong Buy

      • 1 Reply to fester6346
      • Unlimited means he is living up to his promise of July.
        Any govt that lives up to the ECB fiscal program will have their bonds supported. If they do, they are in effect putting a floor on the bonds.

        Which means they wont collapse. which means the banking system wont collapse.

        Which means every short bet predicated on that will have to be unwound ...

        which vaults the market.

    • wellhungmidgett Sep 6, 2012 3:10 PM Flag

      Markets today have confidance and probably in a few weeks will have non-confidance!
      Right now, with the precarious debt problems around the globe, it is a confidance game!

      • 1 Reply to wellhungmidgett
      • This is well stated. Fundamentals and sensible debt structure are antiquated market catalysts. Today's market moves on headlines and somehow the ECB headline moved U.S. equities to unbelievable levels. The admission that Europe is losing control of their debt issues and the eventual demise of the Euro currency is disregarded by the markets... just like our own central bank perils are factored into the equation. It is sad but that is the game. 37 billion flowed out of equities the last week of August - so at least the citizens aren't going to get slaughtered. The eventual pullback will be a hedge fund vs hedge fund cage match, but they may not blink for months at the current pace.

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