Spain's bailout request- Crash or Rally on Monday??

[FreakofNature]

It is a market after-all, there are bears, there are bulls, and there are others with no opinions.

I think the week will end + and that the downtrend is now over, a very important support area was tested and it held, very well.

 

[S2007S]

Quote from TradeWithStop:

I hate retyping so I'll copy paste my other post

"those of you gleaming over these bailouts
this is just covering things up, kicking the can down the road
you'll be crying later"

When in doubt bail them out, it seems to be the same thing over and over again, and the foolish part about is that everyone cheers these bailouts.

Exactly, sad no one understands this, they think this bailout is the way to go, what they fail to understand is that its the worse thing they could have done, just like here in the US everyone thinks that every time BUBBLE ben bernanke releases QE and more stimulus that its going to be the real fix, it never is and never will be. All these bailouts do is make each and every economy more dependent on more "quick fixes" and as you said it just covering things up and just all about kicking the can down the road, just wait till reality sets in in the years to come and finally people come to the realize that these bailouts were the most foolish thing anyone could have ever agreed upon.

 

[ElCubano]

Positive and then negative by EOD.

 

[S2007S]

Quote from FreakofNature:

It is a market after-all, there are bears, there are bulls, and there are others with no opinions.

I think the week will end + and that the downtrend is now over, a very important support area was tested and it held, very well.

The downtrend is over, really, so each country that gets bailed out is just another sign that things are better? Thats foolish thinking, bailouts do not equal that a downtrend is over, it means things are going to get even worse with time. How many bailouts is this now? Between the US and the other countries receiving bailout money the figures is in the TENS OF TRILLIONS of dollars, TENS OF FUCKING TRILLIONS of dollars. Wake up... this is not how you sustain economic growth. Wait till BUBBLE ben bernanke realizes the mistakes he made in the years to come, you will wish there was no such thing as QE and bailouts of any kind. Only fools think these bailouts are the way to prosperity.

 

[d08]

Gap up and then a sell-off as this is just the beginning. Southern Europe is seriously screwing the rest of the world right now, FTT would be forgotten if it wasn't for the constantly needed bailouts. The funny thing is that most of the PIGS citizens think they don't need fiscal responsibility, just keep up the spending, that's their view.
Just a quick glance at Spanish stats will tell you that there is something coming, possibly a revolution followed by a default.

 

[atticus]

Quote from d08:

Gap up and then a sell-off as this is just the beginning. Southern Europe is seriously screwing the rest of the world right now, FTT would be forgotten if it wasn't for the constantly needed bailouts. The funny thing is that most of the PIGS citizens think they don't need fiscal responsibility, just keep up the spending, that's their view.
Just a quick glance at Spanish stats will tell you that there is something coming, possibly a revolution followed by a default.

1338 is a massive short opportunity.

 

[FreakofNature]

Quote from S2007S:

The downtrend is over, really, so each country that gets bailed out is just another sign that things are better? Thats foolish thinking, bailouts do not equal that a downtrend is over, it means things are going to get even worse with time. How many bailouts is this now? Between the US and the other countries receiving bailout money the figures is in the TENS OF TRILLIONS of dollars, TENS OF FUCKING TRILLIONS of dollars. Wake up... this is not how you sustain economic growth. Wait till BUBBLE ben bernanke realizes the mistakes he made in the years to come, you will wish there was no such thing as QE and bailouts of any kind. Only fools think these bailouts are the way to prosperity.

It does not matter what you or I think, what matters is what price does.

 

[spanish89]

Where is all this 125billion euros actually coming from though??


Since all these different commitees with names such as efsf, entc, ebaberferefd...,
they are all just the exact same thing, a joint bank account where all the EU countries pool whatever money they can spare.


EU contries only consist of Germany, France, Spain, Italy, Portugal, Greece, Scandinavians, Cyprus...

So Spain is technically asking Greece to lend it money!! LOL


The reality is every single country in EU (apart from scandis) are asking Germany and France for money.

And so the ESF is nothing more thna germany and france, neither of whom can afford nor have any logical or political reason to give free cash to other countries.

 

[RenkoTrades]

Quote from atticus:

1338 is a massive short opportunity.

I completely agree, new contract and no sellers holding from Friday rally. I have been selling ES and Euro this evening for first PT at 1332 & 1327 and Euro first PT at 1.2634 & 1.2604 then trail remainders.

 

[ammo]

Quote from spanish89:

Where is all this 125billion euros actually coming from though??


Since all these different commitees with names such as efsf, entc, ebaberferefd...,
they are all just the exact same thing, a joint bank account where all the EU countries pool whatever money they can spare.


EU contries only consist of Germany, France, Spain, Italy, Portugal, Greece, Scandinavians, Cyprus...

So Spain is technically asking Greece to lend it money!! LOL


The reality is every single country in EU (apart from scandis) are asking Germany and France for money.

And so the ESF is nothing more thna germany and france, neither of whom can afford nor have any logical or political reason to give free cash to other countries.

or where is it going, they lend you fake money they charge you fake interest, then loan fake money to pay them on their fake debt,it's a midnight massacre at a scary carnival in a horror movie,the roller coaster won't stop,all teh actors are dead and the roller coaster is coming off the screen into the theatre,who could make this shit up,we really have to vote out everyone in washington, everyone and all parties and run colege kids in the new seats, no one can f this up any worse than it is, except the guys that are in there now