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Futures Red As Time For Another ECB/SNB Intervention Approaches
The euro is now back to the level it was when the ECB/SNB or Liberty 33 decided to crank the living daylight out of it around 12 hours ago. Time for another intervention. In other news, the half life of central bank market intermediation is now down to about half a day. There was a time when today's action would have kept the EURUSD propped up for days. Central banks are quickly becoming the laughingstock of the marketplace.
And yes, futures are now red.
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Throw paper in a fire, see what happens.
Pour on some gas along as well.
and sprincle it with some gun powder to give it that extra flavor :)
Throw a central banker in a fire, see what happens.
If it burns, it was solvent.
Good one!
That is humor
+1000 :)
Their experiencing diminishing returns on our money.
Yes, do us all a favor, damn Euro and finally fall below 1,2000, so that Germany and France laugh their ass off. Their export driven companies will hail this "crisis"....LOL
Central banks are quickly becoming the laughingstock of the marketplace.
That is a very scary thought, and the consequence of it could be planet altering.
Indeed it is.
Welcome to the new world! Enjoy your stay on Farmville; at night we will all bet our Futures on Hollywood!
A little Haiku:
Nankee and Claude
Burn Euro, Dollar nice
Fuck you Jap H-wives
W H A T
fuck yout
hey stop being so distracting. im trying to read comments over here.
velo, c'mon, type with both hands
i too want to know what that right hand is doing but yout may be a play on lout (or a compression of you -- out?).
You are just not right Cheeky. You are damn funny.....
it might be a little subjective for Haiku :>)
Can't we have just one green day?!?
My god, man.
I wake up everyday wondering if there is even still a market!
I think you need to get laid.
Hendrix part of your thought process could be attributed to hanging out here to much. :) You have to admit that pessimism is the prevailing attitude on this site.
Could it be a sloping H&S pattern starting to breakdown. If so, 1040 here we come
Do I hear a 950 bid?
Sweat act.
RIP Central Banks power to manipulate FX
O K
i surrender
long gone
p a s s e d
your good
Allow me to re-phrase Oscar Wilde:
Now, continue with the FX dog and pony. Rarely is anything more interesting than a good piece of music, but tonight FX moves are.
"Cultured" Cheeky Bastard.
"Prescient" Cheeky Bastard
"Intelligent" Cheeky Bastard
Yes He gets a tick and gives a Good belly laugh.
Quality remains long after the cost to get it has been forgotten.
My bet is he has paid to see some very ugly things in his life. Like me
I know we're not meant to 'out' contributors to 0H but just in case you were wondering, CB is actually BHO, he comes here to vent at his powerlessness agaisnt the system he's been indoctrinated into. All on the hush hush of cause (Hey Bazz!)
Hey Larry, you slimy fuck.
You are so fucking fired AND I'm calling Cuomo right this second to prosecute your ass for Harvard money misappropriation.
Nice to see you too Baz, how's the wife? and the kids?
I dunno. She locked me here [we are in Hawaii or something] and left with the kids to Chuck-e-Cheese. It will cost the taxpayers [again] app. 100 000 $ but; fuck them, goddamn pikeys. HA HA HA. I was only kidding about the whole "jail" thing. We are good Larry. BTW; any documents i should sign or do i just fax you my signature and the boys from the graphology office stamp it on whatever the fuck its important right now.
Damn i love chuck-e-cheese. id be pissed too if i missed out on a chuck-e-run. Wanna blow something up? Princeton? just say the word.
All the docoments come out automatically signed now, we found a function in MS word for E-signatures so its all taken care of straight off the bat. We couldnt find an original of your signature so we got got ronald mcdonald to do a pro-forma and we basically just stuck with that. The process has lifted DC productivity by 12% since its implementation and we believe is one of the major contributors to the spike in GDP figures seen late 2009. If we can get the mailmerge function to work we expect GDP growth to hit 8% in Q2.
so ... uhhhh .... does that mean i can stay here another week or two ... or ...
no, not Princeton [well, not for now]
lets take down ....uhhh ... i dunno ..... something that is not in Chi-town...
say ..... lets take down Dartmouth ... Henry went there... and he is a douchebag ...
Dartmouth..? i'll google it for you sir. Consider it done, well nearly, soon.
Got any requests for NFPR this Qtr - odds or evens? Im leaning towards evens, something round, but then odds have that nice solidity to them when you know they cant be square-rooted into a whole number. What do you think?
I LIEK CARPET !!!!!
Prescient as always sir.
Keep up the good wurk
GWB
!!
Play song from iLike.comby Black Eyed Peas
I almost vomited.
You just dont do that.
You dont... I mean.... I dont even know what to say.
To even mention BEP on the same planet which once homed Chopin ...
I mean ... fuck you and BEP ...
Here you go; heal yourself from the idiocity of modern music.
F U C K
Y O U
Is that a Haiku too?
ive never been much good at those things.
That's not necessarily a threat, coming from a half-naked woman.
You see that pose. That's the ready stance of a SkankFu master. My guess is she can block up to 50 cock attacks with just that one hand.
no really
just stop it'
every time i think of you i always caught my breathe
iam still standin here
i hear your name f u c k y o u
every time i think of you
i always cauthgh my breath
yeah, the nazi's favorite composer was Chopin, maybe we could stick to some debussy?
no. and you are a fucking idiot for even writing what you just wrote.
chopin>.....>all the rest
(making mental note: Cheeky Bastard is an angry douche-bag)
douche-bag.... maybe
but you are still an idiot.
the only time my douche-bagery comes out is when Im confronted with stupidity.
I mean, why did you have to go with the "Nazi" bullshit in the first place.
Couldnt you just ask nicely.
Enjoy my friend.. There is always time for thirds
http://www.youtube.com/watch?v=gv2oM5DE1Mk
Or, if you're not in the mood for thirds at the moment...
http://www.youtube.com/watch?v=XhnRIuGZ_dc
CRO-MEM :)
+inf
http://www.youtube.com/watch?v=5WD3DncRK3c&feature=related
Awesome CB.. Since I am in the mood for Sonatas..
http://www.youtube.com/watch?v=OYG-Q-TlC8E
However, since you put the spark to tinder might I suggest this little ditty to while away the ....
http://www.youtube.com/watch?v=9cadbYIzhqQ
Gents- here is a timely piece, or maybe we must wait another 2 years for perfect synchronicity. sorry to spoil the mood.
http://www.youtube.com/watch?v=k-vQKZFF-9s
stop i t
right now
people feel as fiercely protective about few things as the music they love. gorbachev said the reason the ussr broke up was the beatles.
If you like Horowitz you will no doubt like this guy :)
http://www.youtube.com/watch?v=JTwJetox_tU
B.S.
WAGNER was Nazi favorite.
http://www.youtube.com/watch?v=1aKAH_t0aXA
Thanks Cheeky
A worthwhile 3 minutes indeed
looking at 113 for support in am. This could get interesting with a break of 121 should be lights out.
Futures are now red. The Umpa Lumpas that work the midnight shift are falling asleep on the Job. Come on Umpas, Pump that machine. Willy Wonkas watching you.
No sleep for the pros.
aaaaand back to green
Could it just be stops getting hit for folks who were short?
have faith...
VfUtB
dumb money dip buyers in the US (aka your favorite mutual fund) are totally oblivious to all this
I think what is most frightening is the naivety of everyone.. This is a planned demolition of soverign nations. Keep your eyes open and be vigilant to what is happening around you. I still have my doubts due to the sheer audacity of the deception and lies and therefore remain vigilant and open minded.
Stalin, Hitler and Mao should be a reminder to us all. I appreciate that might open me up to derision but so be it. With that in mind remember its group think that led to these leaders assention to power.
Jethro, when did you and Elly May break up?
Huckman Elly was my cousin so unfortunately that wasn't happening.
Stalin, Hitler and Mao should be a reminder to us all.
Barry wants to be on that list more than anyone knows.
What happened to the "death of the dollar"?
William Engdahl, The Gods of Money Pt2 - US fights to maintain dollar hegemony at expense of economy
http://therealnews.com/t2/index.php?option=com_content&task=view&id=31&I...
If it walks like a duck and quacks like a duck then its probably a duck.
A must see piece done by frontline. Wake up everyone!
http://www.pbs.org/wgbh/pages/frontline/warning/view/
You mean George wants to be on this list and no, not G.B.
NWO......... Take down the EU, make the double dip look like it was someone elses problem..Meanwhile knock on the 95% debt to GDP ratio, pretty much flying under the radar...business as usual. Bring every State to its knees so they will have to participate, be the biggest scumbag in the bunch yet everybody want's a piece of your action? How the fuc% do you honestly think we will ever pay the 100T outstanding? NH = not hapnin..get ready for the fat finger to come back. This time ol fatty will be hitting the reset button on the new world currency!
Euro back up..future skying
Same ole same ole for marking up equity prices however more and more now awakening to a market controlled by central banks,mostly our Fed, and more are calling bullshit. I believe Ben Bernanke may be the largest holder of U.S. equities in market history and he intended on throwing taxpayer money into equities and selling 15 years from now for a profit and that is why there can be no Fed audit and that is why there must be continuous 0% rates until reflation occurs. Sadly for Ben the bubble already grew but in a shorter time frame yet fundamentally everything continues to deteriorate.
So what happens when the markets head further south later in the year? Does he buy more? Does he unload out of fear?
Tyler it would be interesting to see once again the market performance of the market during trading hours and pre/after market performance. I am sure the disparity is very indicative of the nearly daily attempts to float markets on air.Especially since this year began
Fear of what?
I submit the central bankers know exactly what they are doing. Once you accept that revalation you are open to more nefarious possibilities.
Judge men by their deeds not their rhetoric.
THE LITTLE CENTRAL BANKER:
http://williambanzai7.blogspot.com/2010/06/little-central-banker.html
Someone remind me...
Why do I want to hold dollars?
Why do I want to hold euros?
Why is this battle occuring? It's like fighting over the better smelling piece of shit.
lol...let the dogs have at it?
come on bitches...fight over that shit to the death.
lol fags, will you guys bark too?
Why hold dollars... because many years ago your father's father was conned into believing it had value. This con job passed through your father's generation and on to you. The Euro does not have that long history, yet rides on the dollar's coattails.
Meanwhile gold has had value for many thousands of years and is widely accepted in many parts of the world. Bring dollars and gold to various parts of the world and see which one many of the merchants will happily accept (hint: it is not dollars... not even at the Taj Mahal).
I don't know, but I am thinking less conspiratorial and more inevitability.
I believe Bernanke, and the other central banks, are trying to hold it together for the least of evils. I think they know the system must clear and are only trying for a less than crash landing. They now seem to be in a holding pattern waiting on governments, but can only do that very short-term. As they are, as Tyler said, "quickly becoming the laughing stock of the marketplace." They need resolution authority, and they need to use it. They need help on the fiscal side, as well. Meaning no fiscal deficits. Will they get it?
Under all strategies, we have hell to pay.
They need resolution authority???
These mad men unfortunately rule the world; Governments take their cue from them, not the other way around. I think needing "authority" is not something they worry about.
Shock and awe doctrin seems to be a failure anywhere it is applied: on military fields, on financial fields...
That futures spike last night means green close today. It always does.
Depending on the level of sterilization, which in some cases is zero, each intervention regardless of who is doing the intervening adds more liquidity into the system. So in some ways, outsize currency moves are bullish for equities globally, in that they 'force' central banks to be easier and to do it in a way that is 'outside' the standard methods of central banking, namely control of short rates.
So each time a Euro intervention 'fails' in the sense that the Euro goes back to some number whch is at the bottom of some central bankers comfort zone, another pile of Swiss Francs, USD's or JPY's comes pouring into the market from the ether. Rates go down somewhere, and equities (all other things being held constant) get a relative valuation boost.
If you look at the market as a liquidity counting mechanism instead of profit counting machine things might make more sense.
Fuck. I just lost an hour in the comments section!
I mentioned the half life scenario a few times yesterday. It was obvious to anyone glued to forex quotes all day the the central banks have blown too many wads now. It's hardly working the way they imagined.
We're in the 1.21 range, would love nothing more than to see the 1.21 cracked for good.