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EURJPY Head And Shoulders Rolling Over As Go(l)dman Goes Red

Tyler Durden's picture




 

Our European central bank friends went and borrowed a trillion dollar bailout from us, and all we got was this lousy 6 hour bounce and rolling head and shoulder formation? Goldman Sachs is now red as the bears smell fear again, and as goes Goldman so does the market (even if it means a Warren Buffett MBO/LBO of every public stock). Look for a fun close or the announcement of another trillion dollar bailout from JCT who is now and forever the butt of every joke of bureaucratic incompetence.

 

 

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Mon, 05/10/2010 - 14:12 | 341711 mrdenis
mrdenis's picture

Am I the only guy not trading ,so I get to go first ?

Mon, 05/10/2010 - 15:43 | 341968 Missing_Link
Missing_Link's picture

I doubt many of us are trading any more, after Thursday's "market Mulligan" and today's epic short-squeeze.

Mon, 05/10/2010 - 14:13 | 341713 Cheeky Bastard
Cheeky Bastard's picture

Our European central banks went and bought a trillion dollar bailout and all we got was this lousy 6 hour bounce and rolling head and shoulder formation?

 

Howard; put this on a t-shirt please.

Mon, 05/10/2010 - 14:51 | 341846 Village Idiot
Village Idiot's picture

You beat me to it - and I will buy one.

Mon, 05/10/2010 - 17:15 | 342116 BlackBeard
BlackBeard's picture

I'd buy one too.  World's largest burning money pile of 2010.

Mon, 05/10/2010 - 19:50 | 342396 Common_Cents22
Common_Cents22's picture

How about:

 

I just got assraped by Uncle Ben for another trillion dollar bailout and all I got was this dumb TShirt.  -American taxpayer

Mon, 05/10/2010 - 22:00 | 342627 Iam_Silverman
Iam_Silverman's picture

Yeah, but only 47% of all Americans would be qualified to buy one.

Sad, sad sad.  What if we all just stopped paying taxes - where would I get my earned income credit from?  Oh wait - let's tax the politicians!

Mon, 05/10/2010 - 14:20 | 341719 wagefreedom
wagefreedom's picture

yep. you can smell what's coming.

ha ha TD you even said 'smell'.

S&P 115 is where the fun started Thursday, wait'll we break thru convincingly.

Mon, 05/10/2010 - 14:16 | 341720 Mongo
Mongo's picture

JCT is a fart in the jungle of monetary apes.

Mon, 05/10/2010 - 14:17 | 341724 Mr Lennon Hendrix
Mr Lennon Hendrix's picture

Makes cents...get the sheeple moving to the dancefloor.  Set fire to the building.  Lock the doors.  Exit the back.  ugh.......

Mon, 05/10/2010 - 14:17 | 341727 Popo
Popo's picture

Nothing to worry about, we gots a whole sack of trillion dollar bailouts where that one came from...

Mon, 05/10/2010 - 14:20 | 341732 Comrade de Chaos
Comrade de Chaos's picture

http://www.youtube.com/watch?v=suVB3YGIUk0

 

Left, left, right_ left_ right!

Left, left, right_ left_ right.

 

3 to 12 months later: Duck & F. Cover !

 

On the bright note, four to six years from now when the business cycle will turn again, we won't be falling into the financial debt hell alone. Europe will be two steps ahead of us.

Mon, 05/10/2010 - 14:22 | 341735 doublethink
doublethink's picture

 

And this doesn't help either....

 

We suspect Moody's investors will also be interested to know that CEO Raymond McDaniel dumped 100,000 shares of stock at $29 a share the day the Wells Notice arrived.  And that Berkshire Hathaway (BRK) sold ~678,000 shares that day and another ~300,000 or so in the week that followed.

http://www.businessinsider.com/moodys-ceo-dumped-stock-sec-wells-notice-2010-5#ixzz0nYHeUM1x
Mon, 05/10/2010 - 14:48 | 341835 Citizen of an I...
Citizen of an IKEA World's picture

McDaniel better be facing prosecution for that one.

Where's the cops? Anyone home? Hello?

McFly?

Mon, 05/10/2010 - 17:07 | 342092 ColonelCooper
ColonelCooper's picture

Hang on, hang on, money shot in 2:36.....  Then I'll get cleaned up, erase my browsing history, and look into it.

Mon, 05/10/2010 - 22:03 | 342633 Iam_Silverman
Iam_Silverman's picture

His shares were accidentally sold by some HFT computer - not his fault, repeat after me - not his fault.

Oh, and Berkshire Hathaway?  They used the same algo!

Mon, 05/10/2010 - 16:19 | 341994 Psquared
Psquared's picture

Securities laws are no longer enforced against the elite. It is a clusterfuck, but nothing will come of it - especially to WB.

Mon, 05/10/2010 - 14:20 | 341736 Oh regional Indian
Oh regional Indian's picture

Urgent: Deepwater Horizon Spill Solution

Hi Everyone. Please see:

http://www.squareandc.net/

This is me and I have a “Eureka” moment breakthrough to help solve the Deepwater Horizon crisis.

Please publicize this URL widely. E-mail it to your contact lists, send it to your senators, appropriate contacts in media, post it on other blogs like oil drum where you might be a member, industry contacts etc. Time is of essence and the solution is awesome.

If Tyler or Marla see this, they can mail it to higher contacts in media or put it somewhere on the site. I’d even pay for a prominent ad spot for the day if needed.

I’m getting it out on as many outlets as possible.

I know there are folks here from the industry or tangentially or historically connected with it. Please don’t e-mail me for details at this point, will take too much time to respond.

If you’ve read any of my comments, you know I’m sane. Right? ;-)

It’s real and needs to get seen/heard at the highest/right places.

Thanks in advance.

VivekAnand

Mon, 05/10/2010 - 14:24 | 341752 economicmorphine
economicmorphine's picture

Why not just fucking call BP instead of posting this here and building a fucking web page?  What a fuck.  Here's the contact info:

 


Office
Houston Address
501 Westlake Park Boulevard
Houston
TX 77079
Phone: +1 281 366 2000

 

 

Mon, 05/10/2010 - 15:25 | 341929 theopco
theopco's picture

Can't call. Phone cord plugged into computer.

Mon, 05/10/2010 - 14:37 | 341796 Popo
Popo's picture

Based on your use of gigantic red and yellow text, under an oversized jumbled logo written in some curly celtic font -- I'm going to go out on a limb and say -- No, I don't think you're sane.

Sane people with actual (ie: non-insane) business or government contracting proposals would not do anything remotely like what you just did.

Mon, 05/10/2010 - 22:09 | 342638 Iam_Silverman
Iam_Silverman's picture

"under an oversized jumbled logo written in some curly celtic font"

 

Uhmmm, I'm gonna go out on a limb here and say it is a Treble Clef inscribed over a Bass Clef, with a stupid chess knight horse head pasted on for good measure.

Mon, 05/10/2010 - 22:36 | 342681 Oh regional Indian
Oh regional Indian's picture

At this point, all exposure is good exposure my friend, comments like yours notwithstanding.

Thanks for the contact info.

Regards.

Mon, 05/10/2010 - 17:10 | 342102 ColonelCooper
ColonelCooper's picture

YOu must have one Helluva plan for you to make such a "non-pitch", and then want to vett them before you discuss.  Good luck with that.

Mon, 05/10/2010 - 18:12 | 342195 moneymishap
moneymishap's picture

That's actually less enticing than a nigerian banker email.

Mon, 05/10/2010 - 14:21 | 341738 fuggetaboutit
fuggetaboutit's picture

pending bullish crosses on both vix daily and weekly probably nothing to get too excited about

Mon, 05/10/2010 - 14:22 | 341741 john_connor
john_connor's picture

EPIC FAIL

Mon, 05/10/2010 - 14:27 | 341765 BernankeFed
BernankeFed's picture

Luckily I bought GS otm puts this morning and bought /DX last night.  Nice day so far.

Mon, 05/10/2010 - 14:29 | 341779 Tell me lies
Tell me lies's picture

At this point it seems the only thing to own is gold now, as the world is a wash in fiat paper. I should  have know better  this was comming because I sold 25% of my physical last week. I zig it zags(bought at $650-$750) still hurts.

Mon, 05/10/2010 - 14:52 | 341848 geminiRX
geminiRX's picture

Sounds like a majority are on agreement that we are in the midst of a giant dead cat bounce

Mon, 05/10/2010 - 18:14 | 342200 moneymishap
Mon, 05/10/2010 - 14:57 | 341858 Fraud-Esq
Fraud-Esq's picture

The ECBs action looks like an exit strategy to me.

Mon, 05/10/2010 - 15:00 | 341870 Amsterdammer
Amsterdammer's picture

Funniest piece issued by GS ( advising A.Darling, obviously they want 

a piece and fees of the government-in-tne making)

of late in

yesterday's Telegraph: Why the UK is not Greece

http://www.telegraph.co.uk/finance/7697839/Why-the-UK-is-no-Greece.html

Mon, 05/10/2010 - 15:45 | 341974 bbqporkwings
bbqporkwings's picture

When the pheromones wear off it'll just stink, right?

 

 

Mon, 05/10/2010 - 16:16 | 341988 Psquared
Psquared's picture

Nice little spike at the end of the day to close near the highs. Wonder who did that?

Mon, 05/10/2010 - 16:20 | 341996 wiskeyrunner
wiskeyrunner's picture

Not to worry, the magic index futures will rise like magic overnight and presto another gap up for all stocks.

Mon, 05/10/2010 - 18:24 | 342213 johngaltfla
johngaltfla's picture

DIE EQUITY BIOTCHES!

 

Just had to be said. Sorry.

Mon, 05/10/2010 - 18:54 | 342281 Mark McGoldrick
Mark McGoldrick's picture

Pardon my ignorance.

Can someone explain the correlation between the decline in EURJPY and GS's decline?

Mon, 05/10/2010 - 19:24 | 342329 walküre
walküre's picture

GS stock red in AH?

Could be that GS is getting hammered by SEC investigation and more so, the fact that GS was betting on the demise of the Euro?

Remember, this EU package is NOT in concert with GS or other WS banks. The EU banks had their fingers in this.

Deutsche could possibly take over GS territory here.

NOBODY in Europe wants to deal with GS on anything.

 

Mon, 05/10/2010 - 19:25 | 342335 jp
jp's picture

$1T doesn't buy what it did once upon a time.

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