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EURUSD Reaction To Confidence Vote Passage: Sell The News

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Tue, 06/21/2011 - 17:54 | 1390508 NoBull1994
NoBull1994's picture

SPY up though

Tue, 06/21/2011 - 17:58 | 1390511 MiguelitoRaton
MiguelitoRaton's picture

The S&P may be interesting tomorrow...I'm confident ;-)

Tue, 06/21/2011 - 17:59 | 1390512 Mike2756
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Too much build up going into the event, we'll see how the unions react in the coming days.

Tue, 06/21/2011 - 17:55 | 1390514 Apostle of Unknown
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Tue, 06/21/2011 - 17:56 | 1390515 slaughterer
slaughterer's picture

Ah, let there be light, let there be EUR/USD 1.45!  These infidels must first scatter.  Then we will see the light!

Tue, 06/21/2011 - 17:56 | 1390517 scratch_and_sniff
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Tue, 06/21/2011 - 18:02 | 1390529 Buck Johnson
Buck Johnson's picture

The hard vote is the austerity and they know it. 

Tue, 06/21/2011 - 18:01 | 1390542 huggy_in_london
huggy_in_london's picture

yep exactly.  All good to vote for the govt, but do you want your office stormed by the angry mob ... thats a whole different level.

Tue, 06/21/2011 - 18:03 | 1390533 BORT
BORT's picture

Spike up and now selling the SPY

Tue, 06/21/2011 - 18:03 | 1390535 huggy_in_london
huggy_in_london's picture

Oh phew, europe saved for a week.  

It's like a car crash victim and the relatives are arguing whether it's ok to leave Uncle Joe on an artificial respirator or to pull the plug. 

Either way the euro gets smoked imo

Tue, 06/21/2011 - 18:01 | 1390536 Chestire
Chestire's picture

Only someone who hasn't understood this part of the market would write (and with much respect, seriously, I admire your work, you're a guide, an inspiration and most important an information source): 


Despite Bloomberg calling the vote in favor of G-Pap, it seems the immediate response in the EURUSD is to dump the euro currency:

Tue, 06/21/2011 - 18:03 | 1390537 HpDeskjet
HpDeskjet's picture

Actually, this makes sense... The more EU bailouts, the more money printing, the less the value of the EUR.

Tue, 06/21/2011 - 18:05 | 1390547 Chestire
Chestire's picture

So wait, the more a country borrows the less money they have?

Tue, 06/21/2011 - 18:06 | 1390557 HpDeskjet
HpDeskjet's picture

That's one way to look at it. I think Zimbabwe has the highest percentage of millionaires, but only very few of them are "rich"

Tue, 06/21/2011 - 19:19 | 1390703 SheepDog-One
SheepDog-One's picture

Yep Zimbabwe has millionaires, sucks that half a loaf of bread costs $500,000 though.

Tue, 06/21/2011 - 18:07 | 1390559 Protonrick
Protonrick's picture

Increasing your liabilities, with no hope of extra income, deflates your net worth.

Tue, 06/21/2011 - 18:19 | 1390579 Mad Cow
Mad Cow's picture

Yes, if it's a fiat currency with debt attached to it, when it was created. On the other hand, the debt is fraud, so you don't have to pay it. But you need to be awake and smart enough to realize you've been boned to begin with.

Tue, 06/21/2011 - 18:00 | 1390540 bob_dabolina
bob_dabolina's picture

eur/usd looks really weak


Tue, 06/21/2011 - 18:01 | 1390544 slaughterer
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Tue, 06/21/2011 - 18:44 | 1390626 SheepDog-One
SheepDog-One's picture

Stawks, bonds, and currency nonsense...all that garbage aside we can be totaly assured of 1 thing, further bailouts means great strength for PM's.

Tue, 06/21/2011 - 18:02 | 1390548 carbonmutant
carbonmutant's picture

Syntagma Square is remarkably passive about the results of the vote...

June 28 vote next.

Tue, 06/21/2011 - 18:02 | 1390550 RobotTrader
RobotTrader's picture

Pretty much a non-event.

Whatever happens in Greece will be overwhelmed by the CANSLIM junkies who received the "follow through day" buy signal by Wm. O'Neil of Investor's Riverboaters Daily.

Back to ES ramping tomorrow?

Who knows?

Tue, 06/21/2011 - 18:06 | 1390558 Id fight Gandhi
Id fight Gandhi's picture

Not without qe.

Time to dump until uncle sugar gives up some mo luv

Tue, 06/21/2011 - 18:34 | 1390605 disabledvet
disabledvet's picture

maybe it was "who no's?"

Tue, 06/21/2011 - 18:04 | 1390553 slaughterer
slaughterer's picture

Robo loves those CANSLIM cups and handle formations painted by the banksters.

Tue, 06/21/2011 - 18:05 | 1390554 bugs_
bugs_'s picture

eat drink and be merry for tommorrow we may not borrow

Tue, 06/21/2011 - 19:25 | 1390725 SpiritBlade
SpiritBlade's picture

No borrow, no budget.

Tue, 06/21/2011 - 19:30 | 1390727 SpiritBlade
SpiritBlade's picture

No borrow, no budget.

Tue, 06/21/2011 - 19:30 | 1390729 SpiritBlade
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No borrow, no budget.

Tue, 06/21/2011 - 18:05 | 1390555 Bansters-in-my-...
Bansters-in-my- feces's picture

And the Rothschilds/Rockefellers/ Kissinger Joo boy's smile...:=)

Tue, 06/21/2011 - 18:09 | 1390563 FunkyMonkeyBoy
FunkyMonkeyBoy's picture

Take that back... the jews just happen to be the most persecuted race in history... but they are completely innocent of any and all things they have been accused of... got it!?

Tue, 06/21/2011 - 18:12 | 1390572 Id fight Gandhi
Id fight Gandhi's picture

Innocent riiiight.

They are da chozen. Dey tell us so.

Tue, 06/21/2011 - 18:46 | 1390631 SheepDog-One
SheepDog-One's picture

Right, the phony Jews have been expelled from about 100 countries over the past 400 years, however totaly innocent of all accusations and very 'anti semitic' to boot.

Tue, 06/21/2011 - 19:13 | 1390687 Mr Lennon Hendrix
Mr Lennon Hendrix's picture

I heard that Mark Cuban, Rick Carlisle, Jason Kidd, Dirk Nowitzki, Jason Terry, and Peja Stojakovic are all Jew Lizards that came together from various parts of the globe to win the Finals for the trophy because Jew Lizards want all the gold in the world.  Muhahahahaha!

Tue, 06/21/2011 - 19:40 | 1390751 Greeny
Greeny's picture

"the jews just happen to be the most persecuted race in history."

I'm not the one, but I agree..

"Above his head they placed the written charge against him: THIS IS JESUS, THE KING OF THE JEWS."

"wise men from the East came to Jerusalem, saying, “Where is he who has been born King of the Jews?” [Matthew, 2:2-3]"

I won't search more details for you, but you got the Idea.

Tue, 06/21/2011 - 18:11 | 1390570 US Uncut
US Uncut's picture

Most persecuted? How so? Statistically? Or just the atrocity of Hitler?


Tue, 06/21/2011 - 18:23 | 1390592 Deepskyy
Deepskyy's picture

Timespan easily.

Egyptians -> Various kingdoms pre Saul -> Assyrians -> Babylonians -> Greeks (lesser degree) -> Romans -> Early Christians/Early Catholics post Constantine -> Muslims -> Russia/Slavic areas and Palestinians (look up the 1st Aliyah) -> Nazis -> KKK/White Trash Americans -> modern Antisemites.


Not too many peoples that can list off that many antagonists throughout time.

Tue, 06/21/2011 - 18:33 | 1390604 scratch_and_sniff
scratch_and_sniff's picture

How do they manage it?

Tue, 06/21/2011 - 18:37 | 1390619 Id fight Gandhi
Id fight Gandhi's picture

Professional victims.

Tue, 06/21/2011 - 19:22 | 1390706 SheepDog-One
SheepDog-One's picture

See, Jews can do anything they want and you cant say anything about it because of 'The Holocaust', nevermind just as many 'others' were killed as well, priests, nuns, gypsies, etc....

Tue, 06/21/2011 - 22:27 | 1390875 Orly
Orly's picture


Wed, 06/22/2011 - 01:08 | 1391012 Burnbright
Burnbright's picture

To be fair they are one of the oldest, if not the oldest communities ( I say communities because being Jewish is both racial and religious ).

Tue, 06/21/2011 - 19:59 | 1390776 Greeny
Greeny's picture

Easy to explain.. Really there is about few millions of Jews on entire planet but think about. 26% of all Nobel Price winners are Jews.. Basically it maybe 40-50 million in total but 26% of Nobel laureates? I know, I'm in shock myself.. That's why Jesus was "born" in Israel, you got the Idea?

Tue, 06/21/2011 - 18:17 | 1390580 howswave5workin...
howswave5workingforyou's picture

euro reaction? think gamma hedging. probably too sophisticated for the tabloid snappy comments this blag is used to. 

Tue, 06/21/2011 - 18:40 | 1390601 Chestire
Chestire's picture

gotcha, ATM not ITM, OTM, yet that alpha... Synthetic, yeah, could explain the currency movement.

Tue, 06/21/2011 - 18:21 | 1390581 speconomist
speconomist's picture

Looks like it's scaling back up.

Tue, 06/21/2011 - 18:28 | 1390594 dracos_ghost
dracos_ghost's picture

Algos caught at an astable point. Damn feedback loop again.

Oh well, at least now we can concentrate on Italy. Now THAT's going to be fun.

Tue, 06/21/2011 - 18:31 | 1390599 Caviar Emptor
Caviar Emptor's picture

The Ponzi lives! That's all any one cares about...until their living expenses are twice their income

Tue, 06/21/2011 - 18:32 | 1390609 disabledvet
disabledvet's picture

you mean "until our living expenses are twice their income."  maybe the problem is we really don't pay them enough?

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