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Posted by MaxMad on ZH: "This IS the Black Swan you've all been waiting for..."

 
Anonymous Coward
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03/17/2013 09:19 PM
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Re: Posted by MaxMad on ZH: "This IS the Black Swan you've all been waiting for..."
Nah, too sensational. I buy the old frog in a pot trick we are all just slowly boiling to death by banksterization.

.
 Quoting: Anonymous Coward 961432


The frog thing isn't actually true. It has been tested and the frog jumps out when the water gets hot.
G3 (OP)
G3

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03/17/2013 09:19 PM

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Re: Posted by MaxMad on ZH: "This IS the Black Swan you've all been waiting for..."
Cyprus Bank Holiday Extended Through Tuesday As Confusion Spreads

Submitted by Tyler Durden on 03/17/2013 10:07 -0400

[link to www.zerohedge.com]

For those who read the previous article on the topic of last minute chaos and confusion in Cyprus, and Europe, it will come as no surprise that the previously scheduled Monday bank holiday (aka Green Monday) has been extended into Tuesday. So prepare to not be surprised.
Anonymous Coward
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03/17/2013 09:19 PM
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Re: Posted by MaxMad on ZH: "This IS the Black Swan you've all been waiting for..."
This IS the Black Swan you've all been waiting for...

Here is how I see it breaking down:

Panic will hit the streets tonight in Cypress, Greece, Italy, Spain and Ireland... People will be rioting and looting banks this week!

4:00 Cypress time: The official declaration will be made. Banks will be closed in Southern Europe for the entire week, while they wait for panic to subside.

Stock Markets will close in most Southern Eurorpean markets as people scramble to unload, hoping to get out before the mass rush out/and potential taxing of funds.

Merkel and the EU will need to decide whether to close banks throughout Europe and the stock markets...

Within 72 hours, the Euro will collapse... This will lead to a USD and UST safe haven investment... But that wont last...

By next Friday, we could see most Global Banks going on a Bank Holiday..

The Global reset will happen within 2 weeks, if the EU does not reverse this decision! IMHO


[link to www.zerohedge.com]
 Quoting: G3


Yeah, this is a big deal. But Euro banks closed for a week?

Not persuaded.

More likely the Central banks create whatever amount of funny money required to fool the depositors.

And the band played on and the bankers stealing a billion here and a billion there.
GFX guy

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03/17/2013 09:19 PM
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Re: Posted by MaxMad on ZH: "This IS the Black Swan you've all been waiting for..."
I hate to say it, but there actually is a possibility that this thing could spiral so badly out of control we won't recognize the world at some point in the near future. I'd put it at about 15-20% right now.
 Quoting: This Is Not Me


Yup people in Italy, Spain etc have got to be thinking about taking their money out just in case - damn sure I would be!
 Quoting: Anonymous Coward 36391427


You mean, you're not? damned
calx
God save the republic!

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03/17/2013 09:20 PM

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Re: Posted by MaxMad on ZH: "This IS the Black Swan you've all been waiting for..."
I hate to say it, but there actually is a possibility that this thing could spiral so badly out of control we won't recognize the world at some point in the near future. I'd put it at about 15-20% right now.
 Quoting: This Is Not Me


Yup people in Italy, Spain etc have got to be thinking about taking their money out just in case - damn sure I would be!
 Quoting: Anonymous Coward 36391427


Me too! Why take the chance?
"We're chained to the world and we all gotta pull." - Tom Waits
This Is Not Me

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03/17/2013 09:22 PM
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Re: Posted by MaxMad on ZH: "This IS the Black Swan you've all been waiting for..."
Remember this quote:

"If this is successful then it will be used in the future," said the dejected official, predicting Spanish and Italian banks could face similar levies.

It's not a question of how big or small Cyprus is.
G3 (OP)
G3

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03/17/2013 09:22 PM

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Re: Posted by MaxMad on ZH: "This IS the Black Swan you've all been waiting for..."
Twitter Just Crushed Wall Street After The Cyprus Bailout

[link to www.businessinsider.com]
Dr. AculaModerator
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03/17/2013 09:22 PM

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Re: Posted by MaxMad on ZH: "This IS the Black Swan you've all been waiting for..."
I hate to say it, but there actually is a possibility that this thing could spiral so badly out of control we won't recognize the world at some point in the near future. I'd put it at about 15-20% right now.
 Quoting: This Is Not Me


Yup people in Italy, Spain etc have got to be thinking about taking their money out just in case - damn sure I would be!
 Quoting: Anonymous Coward 36391427


Me too! Why take the chance?
 Quoting: calx


I dont have any money...

And i dont have any friends (besides GLP)

But if i did:

I would be taking my money out of the banks...

And advising my friends to follow suit.

Oh well.
Anonymous Coward
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03/17/2013 09:22 PM
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Re: Posted by MaxMad on ZH: "This IS the Black Swan you've all been waiting for..."
I hate to say it, but there actually is a possibility that this thing could spiral so badly out of control we won't recognize the world at some point in the near future. I'd put it at about 15-20% right now.
 Quoting: This Is Not Me


Yup people in Italy, Spain etc have got to be thinking about taking their money out just in case - damn sure I would be!
 Quoting: Anonymous Coward 36391427


Me too! Why take the chance?
 Quoting: calx


what else do you have to lose? your life??

that's not worth its weight in gold bro...
Anonymous Coward
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03/17/2013 09:22 PM
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Re: Posted by MaxMad on ZH: "This IS the Black Swan you've all been waiting for..."
I could have told any one of you last week that something like this was coming this weekend. How? I just moved the money in my 401k from a "safe" fund into an "aggressive" fund.
Anonymous Coward
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03/17/2013 09:23 PM
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Re: Posted by MaxMad on ZH: "This IS the Black Swan you've all been waiting for..."
calx
God save the republic!

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03/17/2013 09:23 PM

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Re: Posted by MaxMad on ZH: "This IS the Black Swan you've all been waiting for..."
I hate to say it, but there actually is a possibility that this thing could spiral so badly out of control we won't recognize the world at some point in the near future. I'd put it at about 15-20% right now.
 Quoting: This Is Not Me


Yup people in Italy, Spain etc have got to be thinking about taking their money out just in case - damn sure I would be!
 Quoting: Anonymous Coward 36391427


Me too! Why take the chance?
 Quoting: calx


I dont have any money...

And i dont have any friends (besides GLP)

But if i did:

I would be taking my money out of the banks...

And advising my friends to follow suit.

Oh well.
 Quoting: Dr. Acula


hugs
"We're chained to the world and we all gotta pull." - Tom Waits
Lucius

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03/17/2013 09:23 PM
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Re: Posted by MaxMad on ZH: "This IS the Black Swan you've all been waiting for..."
Cyprus Bank Holiday Extended Through Tuesday As Confusion Spreads

Submitted by Tyler Durden on 03/17/2013 10:07 -0400

[link to www.zerohedge.com]

For those who read the previous article on the topic of last minute chaos and confusion in Cyprus, and Europe, it will come as no surprise that the previously scheduled Monday bank holiday (aka Green Monday) has been extended into Tuesday. So prepare to not be surprised.
 Quoting: G3


So you're telling me that in the middle of this unfolding crisis, TPTB decided to extend the bank holiday for an extra day?

They can still access $$ from ATM's, yeah?
G3 (OP)
G3

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03/17/2013 09:25 PM

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Re: Posted by MaxMad on ZH: "This IS the Black Swan you've all been waiting for..."
30 mins ago. . .

Cyprus president desperate for EU bailout

Cypriot President Nicos Anastasiades will attempt to persuade lawmakers to back an EU bailout deal that slaps a levy on bank savings.

Cypriot President Nicos Anastasiades will attempt to persuade lawmakers to back an EU bailout deal that slaps a levy on bank savings, amid fears of a run on accounts if he fails.

Anastasiades, in an address to the shell-shocked nation on Sunday night, said that rejecting the EU demands would have seen Cyprus exit the eurozone and face bankruptcy.

"I chose the least painful option, and I bear the political cost for this, in order to limit as much as possible the consequences for the economy and for our fellow Cypriots," Anastasiades said.

Asian markets tumbled after the opening bell on Monday, dragged down by fears the events in Cyprus could reignite the eurozone debt crisis and hit confidence in other troubled countries such as Spain and Italy.

cont'd:

[link to localtoday.com.au]
Anonymous Coward
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03/17/2013 09:28 PM
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Re: Posted by MaxMad on ZH: "This IS the Black Swan you've all been waiting for..."
Another DOOM FAIL and market opportunity. This is no different than the last 100 of the same in the last 4 years. Some small country flexes, GLP traffic explodes and then...nothing. The GLP market indicator has made me a ton. I bet the market goes up this week. If it goes down, it will make new highs 3 weeks later. win-win
 Quoting: Anonymous Coward 4804472


This guy wins the thread
calx
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03/17/2013 09:29 PM

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Re: Posted by MaxMad on ZH: "This IS the Black Swan you've all been waiting for..."
We need more liquidity!!

bernankecide
"We're chained to the world and we all gotta pull." - Tom Waits
GFX guy

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03/17/2013 09:29 PM
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Re: Posted by MaxMad on ZH: "This IS the Black Swan you've all been waiting for..."
Cyprus Bank Holiday Extended Through Tuesday As Confusion Spreads

Submitted by Tyler Durden on 03/17/2013 10:07 -0400

[link to www.zerohedge.com]

For those who read the previous article on the topic of last minute chaos and confusion in Cyprus, and Europe, it will come as no surprise that the previously scheduled Monday bank holiday (aka Green Monday) has been extended into Tuesday. So prepare to not be surprised.
 Quoting: G3


So you're telling me that in the middle of this unfolding crisis, TPTB decided to extend the bank holiday for an extra day?

They can still access $$ from ATM's, yeah?
 Quoting: Lucius


I thought ATM's were out of cash and electronic transfers have been suspended.
Anonymous Coward
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03/17/2013 09:32 PM
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Re: Posted by MaxMad on ZH: "This IS the Black Swan you've all been waiting for..."
The parliament vote will be at 9 am EST tomorrow. If they vote down, expect huge sell off.
Anonymous Coward
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03/17/2013 09:34 PM
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Re: Posted by MaxMad on ZH: "This IS the Black Swan you've all been waiting for..."
if this was real meltdown, uncontrollable by the banksters? gold would shoot through the roof and it is limping along $400. DOWN from its high of 2011.

doom fail
Anonymous Coward
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03/17/2013 09:34 PM
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Re: Posted by MaxMad on ZH: "This IS the Black Swan you've all been waiting for..."
30 mins ago. . .

Cyprus president desperate for EU bailout

Cypriot President Nicos Anastasiades will attempt to persuade lawmakers to back an EU bailout deal that slaps a levy on bank savings.

Cypriot President Nicos Anastasiades will attempt to persuade lawmakers to back an EU bailout deal that slaps a levy on bank savings, amid fears of a run on accounts if he fails.

Anastasiades, in an address to the shell-shocked nation on Sunday night, said that rejecting the EU demands would have seen Cyprus exit the eurozone and face bankruptcy.

"I chose the least painful option, and I bear the political cost for this, in order to limit as much as possible the consequences for the economy and for our fellow Cypriots," Anastasiades said.

Asian markets tumbled after the opening bell on Monday, dragged down by fears the events in Cyprus could reignite the eurozone debt crisis and hit confidence in other troubled countries such as Spain and Italy.

cont'd:

[link to localtoday.com.au]
 Quoting: G3


ew he's really begging to bend over and take it isn't he? just naaasty
woowoochic

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03/17/2013 09:35 PM

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Re: Posted by MaxMad on ZH: "This IS the Black Swan you've all been waiting for..."
popcorn

Let's get this party started.
 Quoting: ReVbo™


hell yeah.

popcorn
You Dont Have A Soul. You Are A Soul. You Have A Body.
Dr. AculaModerator
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Re: Posted by MaxMad on ZH: "This IS the Black Swan you've all been waiting for..."
...


Yup people in Italy, Spain etc have got to be thinking about taking their money out just in case - damn sure I would be!
 Quoting: Anonymous Coward 36391427


Me too! Why take the chance?
 Quoting: calx


I dont have any money...

And i dont have any friends (besides GLP)

But if i did:

I would be taking my money out of the banks...

And advising my friends to follow suit.

Oh well.
 Quoting: Dr. Acula


hugs
 Quoting: calx


hugs

A good friend you are too!
kingbirdfivezero

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03/17/2013 09:37 PM
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Re: Posted by MaxMad on ZH: "This IS the Black Swan you've all been waiting for..."
Yup, game over man, game over...damnedzombiesdamned
Anonymous Coward
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03/17/2013 09:41 PM
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Re: Posted by MaxMad on ZH: "This IS the Black Swan you've all been waiting for..."
bsflag
AdHocBOHICA

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03/17/2013 09:41 PM
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Re: Posted by MaxMad on ZH: "This IS the Black Swan you've all been waiting for..."
popcorn

Let's get this party started.
 Quoting: ReVbo™




NOW!
Anonymous Coward
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03/17/2013 09:42 PM
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Re: Posted by MaxMad on ZH: "This IS the Black Swan you've all been waiting for..."
yawn
Anonymous Coward
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03/17/2013 09:43 PM
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Re: Posted by MaxMad on ZH: "This IS the Black Swan you've all been waiting for..."
I bet the market goes up this week.
 Quoting: Anonymous Coward 4804472


The DOW market is managed by algorithms. There are several critical figures which are stacked up and if they indicate a green light, the investments go in and the market goes up. It's mechanical, with almost no intuition.

The critical figures are things like "number of jobs added" and other factoids that, while presented as solid data, really represent whatever assumptions are inherent in the system. For example, nobody really knows how many jobs were added in the last month, but they know how many unemployment and payroll claims were filed. There's a lot going on that doesn't register, so that one figure of "number of jobs added" is an approximate figure. BUT for the purposes of our all-powerful robot investors, that figure is an absolute, and (along with the other few critical figures) represents the only rock-hard data that determines whether to rush in with guns blazing, or to back out entirely, or to do something in between.

The system is a machine! The majority of investment comes from giant investment group conglomerates, not individuals responsible for individual funds. The small part of the market that is human-oriented, the only real wild card in play, is still following those same 'critical figures' as if they mean something.

That is why you and I, and most other folks in the USA, can see the system teetering on the edge, while investors see the market only going up and life getting better. if you tell the computer to make the market better, it will do that, regardless of reality.
Anonymous Coward
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03/17/2013 09:43 PM
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Re: Posted by MaxMad on ZH: "This IS the Black Swan you've all been waiting for..."
Remember this quote:

"If this is successful then it will be used in the future," said the dejected official, predicting Spanish and Italian banks could face similar levies.

It's not a question of how big or small Cyprus is.
 Quoting: This Is Not Me


that the money shot right there.
needs to be a worldwide run on the banks. should have been years ago
Skin Suit

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03/17/2013 09:43 PM

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Re: Posted by MaxMad on ZH: "This IS the Black Swan you've all been waiting for..."
popcorn

about time..
Anonymous Coward
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03/17/2013 09:43 PM
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Re: Posted by MaxMad on ZH: "This IS the Black Swan you've all been waiting for..."
Within 72 hours, the Euro will collapse...

By next Friday, we could see most Global Banks going on a Bank Holiday..
 Quoting: G3



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