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No commentary. Bernanke must be feeling sodomized.
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greece>printing press
Ha!
trichet pitching.....bernanke catching.
Stephen Roach batting
Seriously, this whole (hole) sheep, sodomy meme today is unsettling...
Blame sheeple for being so attractive (to quote MsCreant).
Big Ben B.: "It's the sheeps' fault. The sheep were asking for it by looking the way they look, flaunting their puffy, bubilicious, frothiness, know what I'm saying?"
or carbonmutant for saying,
"If we could be assured that shearing sheep was all he (editor: Ben) was going to do..."
http://www.zerohedge.com/article/32-billion-7-year-auction-closes-3374-very-weak-auction
+1 for paying attention, continuity!
"No commentary. Bernanke must be feeling sodomized."
Poor Tyler. The absurdity of the situation compels him to comment even when he says he won't comment.
What a waste of a perfectly good stock market breakout today. Imagine if the market had not broken out this morning. Where would we be then? But that's just crazy talk, right? The markets are just random walks down flower lined walking paths, with only soft scented breezes influencing the direction.
Damn, is that a sewage treatment plant I smell?
Euro aid if greeks can't raise debt in the market? Is that debt at 7%, 10%, 15%, 20%?
"Poor Tyler. The absurdity of the situation compels him to comment even when he says he won't comment."
Gotta LOVE ZH!
Greek style bitches!
The Plunge Protection Team must be getting quite upset.
Nope they were busy selling from what I hear; the curve ball short euro call from the squids got people excited and drove the stock indices into new highs and then fnished with a swing top reversal; but it was just another of the squids' screw job like the NFP confusion each time they change a call: people actually thought the squids were going long euro when they said "sell" yesterday. Well, now we know, they were dumping everything, stocks, bonds, high yields. They were buying Citi and their own stock so Lord Blank could somehow cash in on his stock bonus. Ditto for the other banks were buying their own stocks, C and selling everything else. Squids & friends win again.
What does sodomy have to do with a sinking Euro? The Euro has traded between 160 and 88 in the past decade or so. Now its 133. Big whoop.
If you don't think it matters, you should definitely be long with all you got and all you can leverage, for sure.
I don't know about you, but I'd have a big whoop if I caught a 7200-pip trade.
I might have asked the same thing a year ago. All the moving parts have sharp edges. Up to speed on which how and why is a good thing.
Euro-Dollar Relationship
Gizelle doesn't look so smart, gettin' paid in Euros not US Dollars. Her arbitrage is down 10%. She was out of the USD at 144.
I volunteer as the counter-party for a swap with her. Just hope I am not caught short! Come on inflation. Maybe I will hedge with some PFE.
http://nelioguerson.files.wordpress.com/2009/10/gisele_bundchen_google_group_2.jpg
If only she'd have thought to get paid in reals!
Poor girl.
Can someone just go "medieveal" on his a**!
Market manipulator of the first degree.
I have a feeling ben isn't feeling anything other than a smug sense of self satisfaction. He wins both ways:
1. Dollar tanks, causing property values and equities to rise, saving the banks.
2. Euro tanks, causing foreign investors to flood into dollar backed treasuries, and assets allowing the government to borrow at near 0% and bail out the banks.
I personally think that option number two will be the line for a little while. Until the "chubble" pops
They always win, they have the world tied up in derivitives, trade agreements, HFT, and congressional bribes. All you can do is hope to jump into traffic ahead of them and get back out of the way in a hurry before you get crushed.
That is, until investors realize what is going on and dump paper for gold.
dp
So much for the "export-led recovery". You can bet the mercantilist Germans are just loving this.
Ahh, Uncle Ben isn't one of the Euro printing presses in Greece.
Who needs a helicopter anyway.
wait til FX figures out that last 2 bond auctions went poorly in the midst of the Greek Tradgedy- If the yield curve continues its ascent could be trouble for every piece of paper out there . Do they trade IMF SDR's on forex?
Oh anybody think tomorrow has a chance of becoming a history lesson 20 years down the road ?
Shanghai will say it all. That is only a few hours away.
Somehow, I think the Goldman Asia desk is going to be very, very busy.
Bingaling see something setting up?
it looks like the start /it is still early but these are like little alarms that would go off just before ( watch that video tyler has up the guy is dead on but I think the yields he expects before panic is off by a quarter IMO(people are trigger happy these days) - stocks sold off at end of session on high volume- While bond yields climbed again - another poor showing at the US auction all the while Greek Tradgedy in Heavy play (bond yields should have stayed the same or dropped - ) / Dollar did go up on FX against Euro ,I think it could have been worse but again the flashing signal is those bond yields -gold price was up a tad to -Just watch those ten yr yields
If the next bond auction is a bust its a trend -and you might see a huge capital flows into Gold and commodities like food -
Look out: Rising USD, rising Bond rates = unhappy Helicopter Dude.
If it continues, look for the Empire to Strike Back with QE 2.0
i definitely did not anticipate a move this low considering bennie's need for dollar destruction.....i was stopped out at 1.34.. tis the game we play...when the market washes out over the next few months i think i might consider a long in the rupee
Calm, Calm all,
This all going according to plan.
1. Let FEDsters begin to say the bubble word in public
2. Have appropriate mouthpieces begin to talk issues with US debt levels
3. Make sure US Congress passes insane health-care bill
4. Make sure that the Greek/PIIGS get PLENTY of press
5. Let the bond prices drop a bit
6. Convince folks to bail on the $, and US equities, increasing $ FX value
7. Load up foreign CBs with $'s as everyone starts to sell and buy non-US equities and currencies
8. Have the CBs use the new $ reserves to buy US treasuries to prevent strengthening of their national currencies.
Or...... pass the health care thingy, get the people up in arms (literaly), Blame the crash on the rebels, break out martial law, go have a smoke and a chuckle.
pass the health care fraud and steal law,
have bi-partisan complaints of congressional offices and members being attacked,
which gives fuel to the one or two real crazy mf's out there who do something truely stupid,
barry and the boys from cook county get to keep their titles forever
bb gets every helicopter in the world
http://icanhascheezburger.files.wordpress.com/2008/04/funny-pictures-pol...
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