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EURJPY Goes Reverse Vertical On Bids Reminiscent Of 2:50pm On May 6

Tyler Durden's picture




 

The EURJPY has just broken all support. The next level for the battered pair, as the carry trade is no longer a source of funding, are the May 6 Dow 1000 point crash lows, somewhere south of 112.

 

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Fri, 05/14/2010 - 10:15 | 351589 john_connor
john_connor's picture

Nowhere to run, nowhere to hide....

Fri, 05/14/2010 - 10:19 | 351602 hedgeless_horseman
hedgeless_horseman's picture

Poor Giselle.

Fri, 05/14/2010 - 10:49 | 351691 Cognitive Dissonance
Cognitive Dissonance's picture

LOL

BTW something that didn't get as much press was that her manager denied the story that Giselle was only accepting Euros. Click the link for the skinny.

http://www.hollyscoop.com/gisele-bundchen/gisele-bundchens-euro-pay-demand-false_13389.aspx

Fri, 05/14/2010 - 10:20 | 351603 Deflationburger...
Deflationburger with Fleas's picture

Harry Wanger, ready your AAPL orders..........

Fri, 05/14/2010 - 10:25 | 351614 taraxias
taraxias's picture

Harry WANKER, ready your AAPL orders......

 

There, fixed that for you.

Fri, 05/14/2010 - 10:22 | 351609 RobD
RobD's picture

Ya where is Harry? We need to hear how greate those retail numbers where this morning.

Fri, 05/14/2010 - 10:39 | 351663 Al Huxley
Al Huxley's picture

He only shows up when the market's up.

Fri, 05/14/2010 - 10:51 | 351693 Cognitive Dissonance
Cognitive Dissonance's picture

He's been weaving this elaborate story about traveling to Chicago, in meetings all day, able to step out now and then to buy, buy, buy.

He's a good fiction writer.

Fri, 05/14/2010 - 10:53 | 351696 Rider
Rider's picture

Harry is most likely in a plane on "vacations" again. 

He will come back stating his seat number and the menu at first class, once the market have 2 days up in a row.

And yes, he will be loaded with "cheap" AAPL.

Fri, 05/14/2010 - 11:53 | 351914 BlackBeard
BlackBeard's picture

He's obviously on the phone with his senile grandmother, trying to convince her to EFT more money into his Scottrade account to meet his 2nd margin call this month.

Fri, 05/14/2010 - 10:30 | 351621 hedgeless_horseman
hedgeless_horseman's picture
The U.S. Dollar Index® is computed using a trade-weighted geometric average of six currencies. The six currencies and their trade weights are:

 

 

Euro

57.6 %

Japan/yen

13.6 %

UK/pound

11.9 %

Canada/dollar

9.1 %

Sweden/krona

4.2 %

Switzerland/franc

3.6 %

These contract specifications are subject to change. Please consult the FINEX if you have any questions.

 

Hi, is this the FINIX help desk?  This is Ben at the Federal Reserve.  I'm here with my friend, Tim, and our question is this.  How quickly can you change the weighting of your index?

Fri, 05/14/2010 - 10:31 | 351630 mephisto
mephisto's picture

I suggest they wait until it hits 100 then just invert it.

Fri, 05/14/2010 - 10:32 | 351637 UGrev
UGrev's picture

just spit my fucking coffee out..lol. you bastard!

Fri, 05/14/2010 - 12:48 | 352050 Mr Lennon Hendrix
Mr Lennon Hendrix's picture

"We can change it it for you, sure.  Would you like that "weighed" against gold and silver?  They do seem to be rather heavy, and your paper light, is that what you are going for?"

Fri, 05/14/2010 - 13:59 | 352244 inflation.stude...
inflation.studentloan--0's picture

absolutely not, too rich for my blood.

Is there any chance we could weight against paper and ink?

you know the stuff money comes from.  That way when they add zeroes we just doe better and better.

Fri, 05/14/2010 - 10:31 | 351635 wang
wang's picture

where's Bruce Krasting

It's One of Three Doors (May 10)

http://www.zerohedge.com/node/132626

Fri, 05/14/2010 - 10:32 | 351640 economists_do_i...
economists_do_it_with_models's picture

A mere momentary blip on the radar screen.  This 'crisis,' like all others, will come and go.

Solid/boring/stable companies like XOM are a gift at this level.

If you only bought such companies when the RSI <40 & 50MA<200MA, you'd have plenty of solid opportunities -- the kind that make Warren Buffet an 'oracle.'

This is just another normal/healthy correction.  If you are short stocks or long gold and making money, then hats off to you.  But the world isn't going to come to an end anytime soon.

With XOM trading at the March 2009 level, I think you'll see a lot of money flow into energy companies in the near future.

Fri, 05/14/2010 - 10:35 | 351654 Dr. Richard Head
Dr. Richard Head's picture

I still laugh at any people I know personally (those not connected to the cabal) that still takes any of their extra capital and stick it into these paper markets.  The blind trust that so many of these people put into their investment managers, who are equally in the dark to the fraud, theft, and confiscation of wealth, is just mind numbing.  It is even more surprising after I have sent these same people I know so many of the articles from ZeroHedge that show the outright theft taking place and outline these paper ponzi schemes in gory detail.

Taking those extra federal reserve notes and using them as rolling papers for smoking seems like a much more fruitful endeavor with results much more pleasurable. 

Fri, 05/14/2010 - 10:45 | 351681 nope-1004
nope-1004's picture

USD bitches!

Fri, 05/14/2010 - 11:02 | 351726 John McCloy
John McCloy's picture

USD Just as good as Gold sadly.

Fri, 05/14/2010 - 11:04 | 351738 hazenyc
hazenyc's picture

deflate! deflate!

Fri, 05/14/2010 - 11:03 | 351730 hazenyc
hazenyc's picture

dollar highs = stk market lows

Fri, 05/14/2010 - 12:49 | 352053 Mr Lennon Hendrix
Mr Lennon Hendrix's picture

Panning for gold, bitches!

Do NOT follow this link or you will be banned from the site!