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EURCHF Plummets On Casey Anthony Verdict

Tyler Durden's picture




 

We kid... We kid... Who the hell know what caused the surge in the Swissy. Maybe the fact that the Titanic just sank by another 5 feet. We'll confer with the violinists and let you know. In the meantime we fully expect the mean reversion algos to take over and reverse the correction overshooting by 2 std devs to the upside next.

 

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Tue, 07/05/2011 - 14:26 | 1427248 Cognitive Dissonance
Cognitive Dissonance's picture

Too fracking funny. What next, a hang nail causes a flash crash?

Wait a minute, I didn't say that.

Tue, 07/05/2011 - 14:56 | 1427351 GoinFawr
GoinFawr's picture

Ever have a hangnail that felt like it was going to peel off up to your elbow?

http://www.youtube.com/watch?v=5jaI1XOB-bs

I can see that in the chart above, sure.

Tue, 07/05/2011 - 14:57 | 1427358 Gully Foyle
Gully Foyle's picture

For those who missed it Ted Rall explains why there is still no jobs.

http://cdn.svcs.c2.uclick.com/c2/7df7b7a084d8012ee3c400163e41dd5b?width=...

Tue, 07/05/2011 - 15:19 | 1427412 Sudden Debt
Sudden Debt's picture

I still remember that day in 2008, it was oktober the 15, when my dick got stuck in my zipper...

the markets tanked for weeks... months...

 

that's why I only wear sweatpants anymore...

 

Tue, 07/05/2011 - 15:27 | 1427441 TheFinancialNinja
TheFinancialNinja's picture

Thats why I only go balls out and long...

Tue, 07/05/2011 - 15:34 | 1427479 Cognitive Dissonance
Cognitive Dissonance's picture

Is that the new way to Go Commando?

http://en.wikipedia.org/wiki/Going_commando

Tue, 07/05/2011 - 16:30 | 1427628 Blotsky
Blotsky's picture

With everything thats happening, I bet it would be safe (Portugal just got downgraded) to go without pants and underwear altogether...

 

NEW YORK (MarketWatch) -- The dollar and Treasury prices extended gains on Tuesday after Moody's Investors Service cut its credit rating on Portugal to below investment grade. The dollar index /quotes/zigman/1652083 DXY +0.38% , which measures the performance of the greenback against six currencies, rose 0.5% to 74.668, after being up about 0.2% in earlier trading. The euro /quotes/zigman/4867933/sampled EURUSD -0.89% fell 0.8% to $1.4422 after being down about 0.4% prior to the rating cut. Yields on 10-year notes /quotes/zigman/4868283 10_YEAR -1.73% , which move inversely to prices, fell 7 basis points to 3.13%, from 3.15% earlier.
[link to www.marketwatch.com]

Tue, 07/05/2011 - 16:45 | 1427683 GoinFawr
GoinFawr's picture

"With everything thats happening, I bet it would be safe (Portugal just got downgraded) to go without pants and underwear altogether..."

Y' ken yer kilt?

Wed, 07/06/2011 - 00:36 | 1428733 StychoKiller
StychoKiller's picture

Bad thing about that, now the zipper has to go back DOWN!  :>(

Tue, 07/05/2011 - 15:18 | 1427415 Popo
Popo's picture

Swiss exposure to Portuguese debt?

Tue, 07/05/2011 - 15:30 | 1427449 Popo
Popo's picture

-

Tue, 07/05/2011 - 15:31 | 1427461 Orly
Orly's picture

It is probably more a factor of "safe-haven" status for the Swissie than their exposure to specific European debt.

:D

Tue, 07/05/2011 - 14:26 | 1427249 trav7777
trav7777's picture

Not guilty, bitchez

Tue, 07/05/2011 - 14:36 | 1427280 malikai
malikai's picture

She's guilty alright. Guilty of giving me a bit of a tingle.

Tue, 07/05/2011 - 14:57 | 1427333 duo
duo's picture

prosecutors have to learn that circumstantial evidence cases can't be won.  Juries are not capable of using logic and reason.  If there wasn't a videotape of it, it didn't happen.

Tue, 07/05/2011 - 15:28 | 1427448 MachoMan
MachoMan's picture

Depends on the burden of proof...  they'll make the leaps on a preponderance standard...  beyond a reasonable doubt is a whole other ballgame.

Tue, 07/05/2011 - 15:32 | 1427472 Dr. Richard Head
Dr. Richard Head's picture

If there is a video of a murder and you happen to be a police officer, it also didn't happen - http://www.youtube.com/watch?v=RZ1qMUmsTy8

Tue, 07/05/2011 - 16:30 | 1427631 trav7777
trav7777's picture

they convicted Scott Peterson on less evidence than this

Tue, 07/05/2011 - 14:59 | 1427366 Michael
Michael's picture

One person's human interest story the entire country has been riveted to for the past 6 weeks is of no consequence to anyone, and has no affect on you lives whatsoever. That's the nature of the human interest story distraction the dead stream media presents to sheeple on a regular basis.

Tue, 07/05/2011 - 15:55 | 1427535 Bastiat
Bastiat's picture

I'm pleased to say when somebody mentioned it to me today, I said:  Who's that?

Tue, 07/05/2011 - 15:59 | 1427546 steve3828
steve3828's picture

ditto

Tue, 07/05/2011 - 15:59 | 1427547 steve3828
steve3828's picture

ditto

Tue, 07/05/2011 - 17:55 | 1427875 HungrySeagull
HungrySeagull's picture

Not riveted.

The damn Silver Eagles are just too shiny and have focused my attention all those weeks.

Tue, 07/05/2011 - 14:26 | 1427250 Archimedes
Archimedes's picture

Now that was funny!

She obviously killed that girl but not enough evidence to prove it. Sad though.....

Tue, 07/05/2011 - 14:49 | 1427335 Raynja
Raynja's picture

America got rid of innocent until proven guilty and replaced it with as guilty as msm says they are.

Wheres charlie sheen or lilo or dsk? Someone distract me from reality

Tue, 07/05/2011 - 14:58 | 1427362 cosmictrainwreck
cosmictrainwreck's picture

if somebody could just figure out how to get that self-righteous cunt on CNN (Nancy Drew?) to just STFU and go away....... sadly, that day will never come, either

Tue, 07/05/2011 - 16:02 | 1427553 Ned Zeppelin
Ned Zeppelin's picture

Nancy Grace - made a career of sneeringly referring to Casey Anthony, who no doubt is guilty of murdering her child, as "Tot Mom," and who must now be fuming about the lack of a guilty verdict.  They had Casey fitted for the noose weeks ago.

Tue, 07/05/2011 - 16:56 | 1427733 DosZap
DosZap's picture

Arch,

What is even more odd, is the forensics team, could NEVER find a cause of death.

In this day and age, I find that incredible.

She's in the trunk,uh..................?

One year for each of 4 lying counts..She walks, as she's been locked up longer.

Wonder how many years the baksters would get PER lie?.

Tue, 07/05/2011 - 14:27 | 1427252 HungrySeagull
HungrySeagull's picture

You will drop until dead. dead. dead.

 

The paper money that is.

 

Tue, 07/05/2011 - 15:56 | 1427540 takinthehighway
takinthehighway's picture

"Take away all my silver

 Take away all my gold

 And hand me a stack of paper

 Paper money don't hold"

http://www.youtube.com/watch?v=LJz1ZaOtbiI

Tue, 07/05/2011 - 14:27 | 1427254 Pinktip
Pinktip's picture

....and the USD spikes and the Dow drops all at the same time.....

Tue, 07/05/2011 - 20:03 | 1428165 baby_BLYTHE
baby_BLYTHE's picture

...and gold continues it's climb to the moon.

Tue, 07/05/2011 - 14:28 | 1427256 monopoly
monopoly's picture

You know Tyler, in this absurd, broken market that would be as good a reason as any, and probably make more sense than most of the crap MSM puts out.

Anthony verdictl LOLOL

Tue, 07/05/2011 - 14:29 | 1427261 monopoly
monopoly's picture

We are bleeding a bit here. I am itching to short this market big time but except for short RIMM....again, just being patient, no rush, no rush.

It will all come together, that much I know.

Tue, 07/05/2011 - 15:35 | 1427481 DeadFred
DeadFred's picture

They're going to run this short squeeze past the recent multiyear highs. If the squid smells blood fundamentals are of no consequence. If so it's a loss for esthetics since topping out now would create a head and shoulders pattern that would be a thing of beauty.

Tue, 07/05/2011 - 14:31 | 1427264 mynhair
mynhair's picture

Gotta pay those InTrade bets gone wrong.

Tue, 07/05/2011 - 14:31 | 1427265 monopoly
monopoly's picture

Sell my physical gold and silver. THAT, is not going to happen. Luv it.

Tue, 07/05/2011 - 14:51 | 1427266 hambone
hambone's picture

Churn and burn on nothing...just pulling in suckers and wringing them out.

Classic Skynet pulling a "crazy ivan" and then returning to original course.

Tue, 07/05/2011 - 14:33 | 1427270 Orly
Orly's picture

Must have got a sell signal on the Euro on the Daily. PPT sez, "Buy, buy, buy!"

Par for the course, I'm afraid.  One day, when this market returns to some semblance of normalcy, 4X traders everywhere will have nerves of steel.  We should just consider this emotional training.

/:

Tue, 07/05/2011 - 14:53 | 1427344 Orly
Orly's picture

Forgive the reply to myself but it does make one wonder...

Why, alla sudden, are the ratings agencies getting religion and actually doing their job?  My conspiracy-theory senses are tingling...

Any thoughts on the giant picture?

Tue, 07/05/2011 - 15:06 | 1427386 scratch_and_sniff
scratch_and_sniff's picture

Its not just the CDS market that had me wondering about Portugal, but the fact that they BROUGHT FOWARD privatisation plans(who does something like that?), which stinks of them having something sensational to hide. Either way, they were going to get it eventually.

Tue, 07/05/2011 - 21:07 | 1428276 Rick64
Rick64's picture

Privatization, I think you smell the IMF Structural Adjustment Program.

Tue, 07/05/2011 - 15:21 | 1427392 hambone
hambone's picture

My head spins w/ all the possibilities...nifty way to keep T market from blowing up as constant PIIGS  roast keeps a bid for "safety" of T's in lieu of Fed?

PM's / Oil were on the cusp of breaking up through significant technical levels...what better way to slow this down than a little "dollar strengthener" news in a can (non-news).

OR

Realization that Lululemon was on the verge of becoming the most valuable company in the universe as it crossed $120...organized Lulu takedown; must keep the ponzi believable.

Tue, 07/05/2011 - 15:30 | 1427457 SmoothCoolSmoke
SmoothCoolSmoke's picture

My theory is this;  The Rating Agencies know the cliff is coming up fast.  When we roll over it and they are still saying "Sunny skies ahead", they know they will, this time, run out of business completely.

 

Tue, 07/05/2011 - 15:33 | 1427476 gorillaonyourback
gorillaonyourback's picture

maybe further deflate the assets of the countries involved so the rich(IMF,WB, etc..) can go buy shit up even cheaper.  A way to start a fire sale.  just look in england where greece was trying to self off it national assets..... NO BUYERS.  get the price down lower

 

Tue, 07/05/2011 - 21:09 | 1428284 Rick64
Rick64's picture

 Election year coming up. Its part of the clamping down on Wallstreet theme/farce.

Tue, 07/05/2011 - 14:32 | 1427271 the not so migh...
the not so mighty maximiza's picture

Anthony innocent, Anthony innocent,

DOES NOT COMPUTE< DOES NOT COMPUTE...DANGER>>DANGER

Tue, 07/05/2011 - 14:33 | 1427272 carbonmutant
carbonmutant's picture

I wonder what Financial Fantasy the French will conjure up for Portugal's second round?

Tue, 07/05/2011 - 14:35 | 1427276 Ghordius
Ghordius's picture

Serious question: I thought this is the correction from the "let's look better before quarter close" trading pattern on June 30th? Or am I the only one seeing this kind of patterns?

Tue, 07/05/2011 - 14:42 | 1427301 oldmanagain
oldmanagain's picture

Right on.  Always present,  just gets very visible with current low volume and excess spec trading.

 

Tue, 07/05/2011 - 14:54 | 1427345 Ghordius
Ghordius's picture

Thanks. Paranoia is a bad thing if consumed alone.

Tue, 07/05/2011 - 14:36 | 1427283 williambanzai7
williambanzai7's picture

Has anyone seen Waddell lately?

Tue, 07/05/2011 - 14:39 | 1427288 TideFighter
TideFighter's picture

funny. I thought it was the snowstorm.

Tue, 07/05/2011 - 14:51 | 1427337 Cognitive Dissonance
Cognitive Dissonance's picture

Heatwave. We're gonna have a heatwave.

http://www.youtube.com/watch?v=XE2fnYpwrng

Tue, 07/05/2011 - 14:38 | 1427286 r101958
r101958's picture

Portugal Downgrade.

Tue, 07/05/2011 - 14:41 | 1427297 citrine
citrine's picture

+1 It has just been reported by Reuters

Tue, 07/05/2011 - 14:39 | 1427289 chistletoe
chistletoe's picture

reports of an unprecedented naval catastrophe

 

http://www.flickr.com/photos/7552559@N06/1603601860/

Tue, 07/05/2011 - 14:41 | 1427299 Orly
Orly's picture

A "Cat-ass-" trophe?

Now, that's just disgusting.

:0

Tue, 07/05/2011 - 15:27 | 1427440 MsCreant
MsCreant's picture

Cat ass trophy for that guy. Ewww! Guess he is really commited to that point of view.

Tue, 07/05/2011 - 16:35 | 1427640 Andy_Jackson_Jihad
Andy_Jackson_Jihad's picture

So people aren't going to like the tattoo of baby birds emerging from a nest of my ass hair?  Damn, I should have just spent my weekend drinking and blowing my fingers off like everyone else.

 

Tue, 07/05/2011 - 14:40 | 1427293 Dreadker
Dreadker's picture

lol I think you should do at least one comedy post a day Tyler - I bet you that at least one gets picked up on some MSM show as the 'TRUTH'.... Reading that headline brightened up my otherwise dull afternoon ;-)

Tue, 07/05/2011 - 16:05 | 1427565 mick_richfield
mick_richfield's picture

But Tyler's posts are all about these Financial End Times, and the people and policies that got us here.

They're all comedy posts.

It's just really dry humor.

Tue, 07/05/2011 - 14:41 | 1427294 Xibalba
Xibalba's picture

Ni HOW MA!!! ????

Tue, 07/05/2011 - 14:41 | 1427296 virgilcaine
virgilcaine's picture

On the Lindbergh baby trial..Newspaper writer H. L. Mencken called the kidnapping and subsequent trial "the biggest story since the Resurrection".[4

Tue, 07/05/2011 - 14:42 | 1427304 Dr. Engali
Dr. Engali's picture

Turn those machines back on!

Tue, 07/05/2011 - 14:44 | 1427309 malikai
malikai's picture

+$1

Tue, 07/05/2011 - 14:44 | 1427310 AccreditedEYE
AccreditedEYE's picture

In the meantime we fully expect the mean reversion algos to take over and reverse the correction overshooting by 2 std devs to the upside next.

LMAO!  "It's funny 'cause it's true...."- Homer Simpson 

Tue, 07/05/2011 - 14:44 | 1427312 Ghordius
Ghordius's picture

Tyler, have you the volumes? From my very limited view it looks we are talking about serious volumes there. The Swiss National Bank is not doing this, I'm sure.

Tue, 07/05/2011 - 14:46 | 1427319 Orly
Orly's picture

By Stephen L. Bernard
   Of DOW JONES NEWSWIRES
 

  NEW YORK (Dow Jones)--The euro extended its losses Tuesday after Moody's Investors Service downgraded Portugal's credit rating by four notches and into junk status.

  Moody's slashed Portugal's rating to "Ba2" from "Baa1" and assigned a negative outlook on the rating. The rating was cut because of worries Portugal might need a second round of financing and that it might not be able to meet deficit reduction targets.

  The euro is at $1.4459 from about $1.4488 just before the report was released, according to EBS via CQG.

  -By Stephen L. Bernard, Dow Jones Newswires; 212-416-4528;

  stephen.bernard@dowjones.com

  (END) Dow Jones Newswires

  July 05, 2011 14:16 ET (18:16 GMT)

Copyright (c) 2011 Dow Jones & Company, Inc.

___________

Courtesy IBFX...

Cut down FOUR notches!  Holy smokes.

Tue, 07/05/2011 - 15:21 | 1427422 Urban Redneck
Urban Redneck's picture

Junk sovereign debt does not buy as much margin or leverage as plain old crappy sovereign debt in either the regulated or shadow banking system.  In the dismal science's version of rock, scissors, paper- Bernanke's eraser will beat Birinyi's ruler every time.  

Tue, 07/05/2011 - 14:47 | 1427326 Franken_Stein
Franken_Stein's picture

 

Just look at EURUSD, it''s the same happening there.

Someone selling Euros against all currencies.

 

Tue, 07/05/2011 - 14:48 | 1427330 Ghordius
Ghordius's picture

Thanks, now I get it.

Tue, 07/05/2011 - 15:07 | 1427387 firefighter302
firefighter302's picture

+1

Tue, 07/05/2011 - 23:27 | 1428621 Ahmeexnal
Ahmeexnal's picture

China dumping euros with both hands.

 

Tue, 07/05/2011 - 14:48 | 1427313 Franken_Stein
Franken_Stein's picture

 

The NWO globalists have struck again:

 

International body ICSPA to fight cybercrime globally

 

...

 

UK Prime Minister David Cameron has welcomed the alliance.

"Our government has already injected an additional £650m to help improve our national infrastructure and protect against cybercrime, but the very nature of this threat calls for more than a national response; it demands a truly global response and that is what the International Cyber Security Protection Alliance is all about," he said.

...

 

http://www.bbc.co.uk/news/technology-14032989

 

 

The days of free Internet are numbered, because of those Bilderberg pigs.

 

Whenever you hear them use those bullshit words like "global effort" or "international leadership", then you know where this shit is coming from. These control freaks want to be so clever, but are too incompetent and stupid to even get Fukushima under control. Imagine now a global government trying to contain a Fukushima like event, running around like headless chicken. That's why central planning is doomed to fail, as it always does.

 

Tue, 07/05/2011 - 14:46 | 1427316 NotApplicable
NotApplicable's picture

A verdict? Oh noes!

Now, whatever will the sheeple have to distract them from their demise?

At least now I'll have to find another subject to embarass people who are too apathetic to pay attention to their own lives.

Tue, 07/05/2011 - 15:37 | 1427487 fuu
fuu's picture

They are already watching Celebrity Rehab.

Tue, 07/05/2011 - 14:46 | 1427318 Piranhanoia
Piranhanoia's picture

The ECB gave Eurovision the contest rights to select the new interharmonius multinational anthem that will be sung by all. (compulsory, mind you)  "I'd like to be a cow in Switzerland" has been crowned the winner.  

Tue, 07/05/2011 - 14:46 | 1427320 GoinFawr
GoinFawr's picture

"We'll confer with the violinists and let you know"

Calling Yen Cross, Calling Yen Cross. Bungle in the fungible. Report to the FXmobile, asap!

Tue, 07/05/2011 - 14:47 | 1427322 baby_BLYTHE
baby_BLYTHE's picture

and my facebook is going mad with everyone commenting on this verdict.

Too bad you don't see this type of attention to the financial system, the FED, government corruption, the wars overseas and everything else that actually effects everyone in the country

Tue, 07/05/2011 - 14:59 | 1427365 SheepDog-One
SheepDog-One's picture

Most people love complying with their captors and the designed media bread and circuses.

Tue, 07/05/2011 - 15:32 | 1427469 MsCreant
MsCreant's picture

WTF? You two were junked for what? Stunning. It is a fucking shame this verdict is getting more attention than the economy.

Tue, 07/05/2011 - 15:39 | 1427492 fuu
fuu's picture

You still use facebook?

Tue, 07/05/2011 - 16:06 | 1427567 baby_BLYTHE
baby_BLYTHE's picture

I am still in School and it is helpful to have one incase I need to contact other people in my classes.

Tue, 07/05/2011 - 16:48 | 1427701 GoinFawr
GoinFawr's picture

Is that like 'MySpace'?

Tue, 07/05/2011 - 17:53 | 1427860 HungrySeagull
HungrySeagull's picture

Getting in touch with old School people is easy, learning if they are dead, alive or otherwise still the same old lazy sacks of partying shit is even worse.

I rather not. I do keep one or three on hand to see how they are doing in life.

And the one benefit I cannot get over is learning that Hottie you lusted after in school class is now a cancer ravaged bald headed skeleton barely able to function.

Tue, 07/05/2011 - 14:47 | 1427324 SolidSnake961
SolidSnake961's picture

if you want comedy, look at Netflix, looks like the british bear in bears6 video was right HAHAHA

Tue, 07/05/2011 - 14:47 | 1427325 Gully Foyle
Gully Foyle's picture

Has anyone tried to buy a car or major appliance with Gold and Silver in Utah?

 

Tue, 07/05/2011 - 14:55 | 1427349 SheepDog-One
SheepDog-One's picture

No, but since you mention it I did a video experiment at the farmers market, brought a bunch of silver dimes worth $3 or so, and was offering them for things costing $1. Most everyone looked at me like I was crazy. They were saying 'Thats not $3, thats .10 cents'...I'd say 'No this is a silver dime, its worth $3'. They didnt believe it.

Tue, 07/05/2011 - 15:11 | 1427396 Gully Foyle
Gully Foyle's picture

SheepDog-One

(Who the fuck was the idiot that junked you? What they can't face reality.)

I cant imagine offering Gold shavings to buy a Snickers bar.

Tue, 07/05/2011 - 15:21 | 1427420 SheepDog-One
SheepDog-One's picture

Its just Robo, no biggie.

Tue, 07/05/2011 - 15:24 | 1427428 equity_momo
equity_momo's picture

Pull out a 1 ounce gold coin and show it to the average mope and explain "thats 1500 bucks in the palm of your hand" and you'll get a good laugh.

And gold apparently is in a bubble.

LULZ.

Tue, 07/05/2011 - 17:51 | 1427856 HungrySeagull
HungrySeagull's picture

And some chump will haul out a big fucking rock, snort it and say that was 10,000 dollars of fun baby!

Either that or bend the gold coin into a spoon to cook it over a lighter.

The one thing I will do on my very last day on earth is light each and every one of the pack of the Marlboro 100's with a 100 dollar bill.

Tue, 07/05/2011 - 14:47 | 1427327 pazmaker
pazmaker's picture

Tyler  I just have to say that headline had me in stitches!!

Tue, 07/05/2011 - 15:08 | 1427328 r101958
r101958's picture

The trial has been a huge diversion for those stricken with Americanidolitis. With so many important things going on in the world and the U.S. it is amazing that the story taking up the most time on TV (besides commercials) is this meaningless trial.

Tue, 07/05/2011 - 14:51 | 1427338 buzzsaw99
buzzsaw99's picture

Party girl back on the streets, putting out for one and all. DSK will be out soon too, maybe he can score some a dat!

Tue, 07/05/2011 - 16:40 | 1427664 Andy_Jackson_Jihad
Andy_Jackson_Jihad's picture

Sounds like a great opportunity to try my new pickup line: Hey beautiful!  Can you tell me if this rag smell like chloroform?

Tue, 07/05/2011 - 14:53 | 1427341 john_connor
john_connor's picture

Its actually "I keed, I keed"

Tue, 07/05/2011 - 14:55 | 1427347 RobotTrader
RobotTrader's picture

No doubt, Playboy is going to be all over Casey Anthony for some photo shoots.

She is pretty much set for life, she'll never work a day again.

Worst case, an ECB Plutocrat will sweep her off her feet just to get his hands on those breasts.

Tue, 07/05/2011 - 14:56 | 1427355 SheepDog-One
SheepDog-One's picture

Momo fading his taste in women, just like he fades his Momo stock calls.

Tue, 07/05/2011 - 17:48 | 1427853 HungrySeagull
HungrySeagull's picture

Robot, forget it and I am junking you for it. The best for all of us is for that Pool mom is to go back to wherever she came from.

Tue, 07/05/2011 - 14:56 | 1427353 RobotTrader
RobotTrader's picture

I wonder if LULU is ever going to have a down day again??

Short-sellers wanna know.

LOL....

Tue, 07/05/2011 - 15:01 | 1427363 SheepDog-One
SheepDog-One's picture

I wonder how likely it would be for you to have a tragic LULU spandex accident where you were found accidentally hanged by a pair and we dont have to listen to any more of your pointless off-topic posts about some silly bubble momo stock or other.

Tue, 07/05/2011 - 15:17 | 1427413 Internet Tough Guy
Internet Tough Guy's picture

Gold and oil soaring. Proof that 'things' rule over 'paper'. You must be puking up blood. LOL

Tue, 07/05/2011 - 15:28 | 1427443 SheepDog-One
SheepDog-One's picture

I dont think so, the only thing Robo really loses are erasers rubbed down to a nub due to the changes in his paper trading.

Tue, 07/05/2011 - 17:47 | 1427851 HungrySeagull
HungrySeagull's picture

Which means I want to be long pencils right?

Tue, 07/05/2011 - 14:56 | 1427357 scratch_and_sniff
scratch_and_sniff's picture

Could be legs on this one, london closed and the asia session still to kick in, both will want to react.

Tue, 07/05/2011 - 15:02 | 1427376 statlawyer
statlawyer's picture

obviously will be a bullish reaction

Tue, 07/05/2011 - 15:04 | 1427382 SheepDog-One
SheepDog-One's picture

All news is good news, bullish everything.

Tue, 07/05/2011 - 15:02 | 1427367 virgilcaine
virgilcaine's picture

Risk off..twas nothing more than short covering bounce.  The Eur is the largest stick in the game of Risk asset kerplunk afterall.

Tue, 07/05/2011 - 15:00 | 1427369 Superslam
Superslam's picture

Nancy Grace is going to be on the warpath.

Tue, 07/05/2011 - 15:01 | 1427371 SheepDog-One
SheepDog-One's picture

Shes a psycho.

Tue, 07/05/2011 - 15:02 | 1427370 carbonmutant
carbonmutant's picture

 I wonder how long before the Chinese realize that they're being scammed by the EU?

Tue, 07/05/2011 - 15:02 | 1427374 trampstamp
trampstamp's picture

Looks like we have a pattern here:

Markets
Bad news = Good News

Law
Guilty = Not Guilty

Tue, 07/05/2011 - 15:04 | 1427380 MrBinkeyWhat
MrBinkeyWhat's picture

The real question is: what is the MSM going to cover now? This dumb ass trial has been getting 24/7 coverage, forever.

Tiger Woods may be available. O.J. Simpson may as well. Maybe they can dig up Michael Jackson..."his corpse is not rotting...OMG".

Lets all talk about "True Blood" and Sookie.

Anything but "reality"...except, of course, here at ZH.

Tue, 07/05/2011 - 15:13 | 1427400 r101958
r101958's picture

Something will be found. Maybe the offspring of Mr Ed attacking the winner of the Kentucky Derby.....or some such.

Tue, 07/05/2011 - 15:15 | 1427407 MrBinkeyWhat
MrBinkeyWhat's picture

Noooooo! Not Mr. Ed.

Tue, 07/05/2011 - 23:33 | 1428635 Ahmeexnal
Ahmeexnal's picture

It'll be Harry Pothead for the next couple weeks.

Tue, 07/05/2011 - 17:46 | 1427848 HungrySeagull
HungrySeagull's picture

Ech, don't get me started on Mikey. The boy is dead, leave him be. There is enough squealing and bouncing going on for decades to come.

Tue, 07/05/2011 - 17:58 | 1427879 DosZap
DosZap's picture

MBW,

We always have Lohan, Part re-hab#153,after she  does a sequel to leave it to the beaver, and Charlie Sheen, doing the lead in a remake of "Father knows Best".

Tue, 07/05/2011 - 15:08 | 1427390 Black Forest
Black Forest's picture

EUR/BYR is also down by -1 per cent

Tue, 07/05/2011 - 15:09 | 1427393 monopoly
monopoly's picture

Ya know, when I commented on 1515 close on gold with volume I was half kidding. Yikes. If this is the summer doldrums I wonder what happens when miners are perky.

 

Tue, 07/05/2011 - 15:18 | 1427416 MrBinkeyWhat
MrBinkeyWhat's picture

BTFD Bitchez.

Beans, Bullets, Bullion: In that order. Junk me...go ahead...

Tue, 07/05/2011 - 16:17 | 1427591 takinthehighway
takinthehighway's picture

You forgot the Band-Aids...

Tue, 07/05/2011 - 15:32 | 1427470 HungrySeagull
HungrySeagull's picture

They fight.

Or whorehouse all night or until pay is gone. Whichever is first.

Tue, 07/05/2011 - 15:16 | 1427408 Marge N. Callz
Marge N. Callz's picture

"S&P rallies back from a mid day sell off to close higher for the day.  Leading the charge were Barnes and Noble and Amazon shares, as traders were quick to price in future book sales linked to the Anthony trial."

Next up DSK and Anthony make love child (albeit non-consensually).  That child pronounced 1st emperor of Bizarro world.

Tue, 07/05/2011 - 15:16 | 1427410 Andrew Jackson ...
Andrew Jackson epitaph's picture

That's Christine Lagarde's start at IMF

Tue, 07/05/2011 - 15:20 | 1427419 RobotTrader
RobotTrader's picture

Dip buying is absolutely ferocious.

I wonder if 3rd Quarter "performance anxiety" is setting in?

I figured everyone would dump TSCO, NFLX, AAPL, FOSL, etc. after showing an outsized position on the June 30 statement print. 

But these idiots keep buying more and more.

Hey, isn't enough enough???  LOL.....

Tue, 07/05/2011 - 15:23 | 1427426 SheepDog-One
SheepDog-One's picture

Dip buying absolutely ferocious, yea just look at the -0- volume. :P

Tue, 07/05/2011 - 16:29 | 1427532 Mr Lennon Hendrix
Mr Lennon Hendrix's picture

Check out the "bridge" buy formation (on volume) that opened HES today.  Huge buying on the price rise of oil.  Makes sense.  But then one large sell order followed it.  Oil supply/demand sets up the price action, and Algo Machines knock it down. 

PS, a large sell order on HES in the last minute of trading.  Algo Machines taking profit by scalping a finite resource.  They have no value when it comes to sustainability, their only "thought" is to make money.

PPS, The more I look at the markets, the more I notice a whipsaw across oil/PM stocks in the last minutes of trading.  SLW had a large buy, and PSLV had large sells.  XOM had a huge buy, and HES had a large sell.  NEM had a large buy order, and GG and ABX sold off.  Volatility, like a shark, is in the water, and it smells blood.

Tue, 07/05/2011 - 15:23 | 1427427 hambone
hambone's picture

One look at Lululemon is all you need to know - f'ing amazing passing through $120 today.  Don't see any pullback...not yet.

Tue, 07/05/2011 - 15:25 | 1427434 SheepDog-One
SheepDog-One's picture

Then when you do see a pullback in these triple digit P/E bubbles, no one will be around to sell to not even at half price. Same as DotCom, and all the other bubbles. One morning morons will wake up and see their LULU at $10 and go WHAAAAAAAAAAAA!!!!

Tue, 07/05/2011 - 15:32 | 1427465 hambone
hambone's picture

I see a pullback when I see it...I don't own the thing but great canary in the coal mine.

The lower the volume the easier the levitation of the entire market, the less relevant P/E's, book values.  Until there is a problem, there is no problem.

Tue, 07/05/2011 - 15:42 | 1427502 SheepDog-One
SheepDog-One's picture

Im saying when you see a pullback, it will already be too late.

Tue, 07/05/2011 - 15:48 | 1427519 hambone
hambone's picture

Yep, and I don't hold the thing because I don't like 20 baggers (and I invest in things I can understand)...what I do appreciate are stocks like this predictive power for risk on / risk off.  $5 to $120 and still gaining speed... 

Tue, 07/05/2011 - 15:25 | 1427431 MrBinkeyWhat
MrBinkeyWhat's picture

When you have enough physical gold and silver (with food and ammo to hold onto it) let me know.

;-)

 

Tue, 07/05/2011 - 15:31 | 1427458 equity_momo
equity_momo's picture

RoboT , can you sign off each post with a number between 1 to 10 , 10 being max bullish , and 1 being max bearish.

Because im working on a way to emperically measure your ST outlook and then package it into a monthly subscription.  I sense a strong correlation between your excitement and what the market does next. Youre like a 1 man put-call ratio.

Just need to formulate your yapping and then it should be easy to monetize.

Tue, 07/05/2011 - 15:23 | 1427429 curbyourrisk
curbyourrisk's picture

Yet maritn Armstrong was held in jail and even solitary for years of commiting NO CRIME at all.

 

Amerika.....got to love it.

Tue, 07/05/2011 - 16:04 | 1427559 Bastiat
Bastiat's picture

Don't forget the attempted murder when they put a known psycho in the cell with him and  stomped Armstrong and smashed his faced with a typewriter.  Armstrong didn't die though--tough little bastard.  I want to live in a country where the people responsible for that are tried for attemted murder, etc.

Tue, 07/05/2011 - 15:26 | 1427436 Mr Lennon Hendrix
Mr Lennon Hendrix's picture

Silver and oil are kicking the shit out of the markets today, because both are experiencing huge supply crunches, and gold is chasing them.  Silver demand has never been higher, and oil supply, which has been flat for five years, has finally come to the backside of production.

The Euro looks weak, but comparing Fiat is passe.  Compare everything to the asset that Central Bankers use, gold, to know what is happening:  the system is highly leveraged, and it is leveraged on gold reserves, the only real asset that Central Banks hold.

Tue, 07/05/2011 - 15:30 | 1427454 SheepDog-One
SheepDog-One's picture

They can only wrap the pressure cooker with so much duct tape to keep the lid from blowing off.

Tue, 07/05/2011 - 15:31 | 1427462 HungrySeagull
HungrySeagull's picture

This is just the Prelude to the Overture...

Wait a week or so...

Tue, 07/05/2011 - 15:35 | 1427480 Bay of Pigs
Bay of Pigs's picture

Mr. Hendrix,

You're not gonna use the supply/demand argument again are you?

GOLED and silver BITCHEZ...

Tue, 07/05/2011 - 15:58 | 1427543 Mr Lennon Hendrix
Mr Lennon Hendrix's picture

Supply/Demand?  Never!

Tue, 07/05/2011 - 15:29 | 1427451 RobotTrader
RobotTrader's picture

Open Table and Travelzoo up 8%.

Sheesh, gimme a break!!!

Tue, 07/05/2011 - 15:35 | 1427473 plocequ1
plocequ1's picture

Its that pesky compression again.  Details at 4

Tue, 07/05/2011 - 15:29 | 1427453 Archimedes
Archimedes's picture

ah,

The 3-3:30 ramp. Like clockwork.  I think this happenes because ETF's have to settle earlier in the day (2:30?) and this allows the algo's to rise on vapor.

Anyone have any insight on this?

Tue, 07/05/2011 - 15:35 | 1427482 swissinv
swissinv's picture

to be correct here: the Swissy is just correlating with the gold price... CHF also stenghtens massivly against the USD

Tue, 07/05/2011 - 15:41 | 1427488 hambone
hambone's picture

Skynet knows if it can just take out Friday's highs, the next leg of the short squeeze can ensue and S&P 1370 will burn the herd (b/c not a soul aside from B. Sack will be able to explain it).

Those who lost faith in PM's, oil, etc. will again be crucified and left chasing (always believe in the 2nd order effect, printing, rather than the 1st order of organic healing via deflation).

Tue, 07/05/2011 - 15:40 | 1427497 mynhair
mynhair's picture

Cumon, somebody leak ADP!

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