FX Wipeout

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Fri, 05/13/2011 - 12:39 | 1272080 drink or die
drink or die's picture

Happy Friday the 13th.

Fri, 05/13/2011 - 12:57 | 1272149 TruthInSunshine
TruthInSunshine's picture

OT, but ECB's Stark says "Euro really isn't in crisis, just trust him," and Germany favors a Greek "voluntary restructuring" (what would that look like? Is it like when the doctor insists that you gave consent to have him shove his hand up your ass?).

Fri, 05/13/2011 - 13:11 | 1272193 pcrs
pcrs's picture

OR you loose all your money, OR only part of it:you can voluntarily choose

Fri, 05/13/2011 - 13:03 | 1272174 centerline
centerline's picture

Read the comment by a poster named 'commander' on that page.  Had me in tears.  LOL.  Too funny.

"Commander. 25 minutes ago Report Abuse 
Oh... Achmed, I see you brought a friend....

Hello, My name is Jamil.... I am the plumber... would you like to see my pipe bomb

Oooohhhh,,, yes,,, take me like an infidel you big stud,...

Oh Jihad, JIHAD...

 [Start background music, Sitar through Wa-Wa effect]"

Fri, 05/13/2011 - 13:04 | 1272178 NOTW777
NOTW777's picture

i saw that.  i think ben and obama need better coordination.  ben should call obama and alert him to the need for distraction stories for the public while the fed is ravaging the market to position.  expect more OBL stories to trickle out

Fri, 05/13/2011 - 15:21 | 1272572 TruthInSunshine
TruthInSunshine's picture

The Bernank says that the TBTF get their money for nothing and their chicks for free.

Those not TBTF? Get your own money and chicks.

Fri, 05/13/2011 - 14:03 | 1272347 Hugh G Rection
Hugh G Rection's picture

CAD- "Why do I have to be Mr Pink?"

 

POSX- "Because you're a faggot, alright??!!"

Fri, 05/13/2011 - 12:40 | 1272082 speconomist
speconomist's picture

What does the right axis mean? % change?

Fri, 05/13/2011 - 12:43 | 1272110 FOC 1183
FOC 1183's picture

standardized Z via Bloomberg (so, std. dev.; would elaborate but MUIR avatar is too distracting)

Fri, 05/13/2011 - 12:53 | 1272146 speconomist
speconomist's picture

Thanks!

Fri, 05/13/2011 - 12:58 | 1272156 camaro68ss
camaro68ss's picture

I dont understand WTF is happening. I thought the US debt will hit its ceiling on monday yet the USD rises?

Im so fucking lost

Fri, 05/13/2011 - 13:10 | 1272188 NOTW777
NOTW777's picture

ben is softening the congressman up;  round one shelling with margin hikes; round two bombing the euro by buying dollars - theres a military term for it but i cant think of it at the moment

Fri, 05/13/2011 - 13:39 | 1272294 newworldorder
newworldorder's picture

Its called, prepping the battlefield.

Fri, 05/13/2011 - 14:40 | 1272457 Bolweevil
Bolweevil's picture

So, Ben's a fluffer?

Fri, 05/13/2011 - 13:10 | 1272198 DonutBoy
DonutBoy's picture

No, you aren't.  You are right but the market is irrational and it can stay that way long past the point of reason.  So learn from my mistakes: 1) stay unlevered, 2) store savings in something that will be worthwhile after the fiat currency crash.  By any rational measure the US, Japan, and the EMU zone are all insolvent.  Mexico bought 93 tons of gold in Q1 (http://www.zerohedge.com/article/central-banks-purchase-127-tons-gold-q1).  Be smart, buy your gold or a farm and don't get pulled into the paper sham.  It will end.

 

Fri, 05/13/2011 - 13:12 | 1272205 traderjoe
traderjoe's picture

+1

Fri, 05/13/2011 - 13:21 | 1272237 silvertrain
silvertrain's picture

No doubt, it will end..The sad thing is that alot of people that are on the right tract and are thinking correct will give up and go back to the system , thats when it will go down...

Fri, 05/13/2011 - 13:38 | 1272287 GeorgeHayduke
GeorgeHayduke's picture

Be smart, buy your gold or a farm and don't get pulled into the paper sham.  It will end.

Good advice. I'm as good on PMs as I can be, but I need one of my oil, silver or gold explorers to hit something so I can buy the farm next.

I'm not holding out a lot of hope for it though as I am sure the big boyz will find a way to rake the profits from any explorers that hit it big while leaving the rest of us with less than we invested. It  seems to be the way things work in today's world.

Fri, 05/13/2011 - 16:11 | 1272752 Kopfjager
Kopfjager's picture

Farm is good and all...  I'll be on the beach in Belize spearfishing all I can eat sushi.  It's a good idea no matter what.  Dow hits 30,000?  Still a good idea.  World ends?  Still a good idea.  

Fri, 05/13/2011 - 12:37 | 1272083 Muir
Muir's picture

Great day TBFD in silver!

Fri, 05/13/2011 - 12:48 | 1272118 longhardbull
longhardbull's picture

I like your posts, I mean your mesmerizing vid pic

Fri, 05/13/2011 - 13:49 | 1272303 ac3
ac3's picture

I'm sorry ... what did you say???

Fri, 05/13/2011 - 13:52 | 1272322 Hugh G Rection
Hugh G Rection's picture

Muir

 

You have a great set of personality

Fri, 05/13/2011 - 14:17 | 1272398 bbq on whitehou...
bbq on whitehouse lawn's picture

I am looking you in the eyes.

Fri, 05/13/2011 - 14:24 | 1272408 crosey
crosey's picture

Your avatar is awesome in terms of form, function, lighting, motion, attire, and of course, size.  Kudos.

Fri, 05/13/2011 - 12:38 | 1272084 Cognitive Dissonance
Cognitive Dissonance's picture

Either the precursor shocks to an currency earthquake or a full blown heart attack.

Who is willing to give the dying their last rights? I nominate Tyler. I'm sure he will be tasteful.

Fri, 05/13/2011 - 12:42 | 1272100 augie
augie's picture

When i think of the American economy as a party, This is what comes to mind.

http://www.youtube.com/watch?v=oRspjd4fiDs&feature=player_embedded

I think i saw pelosi in there somewhere.

Fri, 05/13/2011 - 13:29 | 1272261 Manthong
Manthong's picture

That's exactly why I never allow cameras at my get-togethers.

And BTW, none of the hotties in that vid looked as skanky as Pelozi.

Fri, 05/13/2011 - 17:31 | 1273059 augie
augie's picture

With a name like "manthong" i'm not surprised.

Fri, 05/13/2011 - 12:47 | 1272117 InconvenientCou...
InconvenientCounterParty's picture

Insiders responding to something bad? It wouldn't be the first time the EU dropped a nugget after the close on Friday.

 

Fri, 05/13/2011 - 12:49 | 1272122 hedgeless_horseman
hedgeless_horseman's picture

Plenty have sought shelter in the pre-determined bastion of safety that is PCLN. 

Fri, 05/13/2011 - 12:41 | 1272085 rocker
rocker's picture

Funny, CNBC now has a currency trading show on Friday nights. LOL  Another way for the Squid to steal your money.

Fri, 05/13/2011 - 12:38 | 1272086 ZeroPower
ZeroPower's picture

And look out Spanish CDS today - more fun fun fun for the Eurozone.

EURUSD long trade is over, hop onboard the short train folks.

Fri, 05/13/2011 - 12:42 | 1272093 bigwavedave
bigwavedave's picture

FRN's bitchez

 

Fri, 05/13/2011 - 12:43 | 1272095 silvertrain
silvertrain's picture

Jap housewives back in action...

Fri, 05/13/2011 - 12:44 | 1272097 topcallingtroll
topcallingtroll's picture

This was a slam dunk for a contrarian, a real contrarian versus alienated rebels who herd together and think they are contrarians.

I am still too much of a coward to speculate in bonds.

Fri, 05/13/2011 - 13:30 | 1272253 Sophist Economicus
Sophist Economicus's picture

This part of the dollar rally wasn't hard to call - over 95% bears.    The real trick is what do you do when DX gets above 78 to 79 (assuming it gets there)?   Bear sentiment getting wiped out fast.  

I'm bailing out of DX long today and shorting the ZB if it stays north of 124.75

Buying AU with the proceeds - whoo hoo....

Fri, 05/13/2011 - 13:30 | 1272254 Muir
Muir's picture

 You know you don't have to act with me, Top. You don't have to say anything, and you don't have to do anything. Not a thing. Oh, maybe just whistle. You know how to whistle, don't you, Top? You just put your lips together and... blow.

Fri, 05/13/2011 - 12:44 | 1272099 Danno Anderson
Danno Anderson's picture

Also noteworthy is 4, four, gaps down on the daily bar chart of Goldman Sachs since the beginning of the year.  

Fri, 05/13/2011 - 12:42 | 1272102 Danno Anderson
Danno Anderson's picture

Also noteworthy is 4, four, gaps down on the daily bar chart of Goldman Sachs since the beginning of the year.  

Fri, 05/13/2011 - 12:45 | 1272104 bigwavedave
bigwavedave's picture

FRN's bitchez

 

Fri, 05/13/2011 - 12:43 | 1272107 Danno Anderson
Danno Anderson's picture

Also noteworthy is 4, four, gaps down on the daily bar chart of Goldman Sachs since the beginning of the year.  

Fri, 05/13/2011 - 12:43 | 1272109 bogey4
bogey4's picture

Wait, we're thanking the Fed for the dollar rally?  I thought the Fed was weakening the dollar?  Did they change course without telling us?

Fri, 05/13/2011 - 14:32 | 1272435 bbq on whitehou...
bbq on whitehouse lawn's picture

Sentiment changed. The Fed is not printing as fast so thats close to a stop. Other markets are printing like hell and they can't out run the US Fed; so when the Fed slows down the rest race to catch up to save there embeded exports.

Politics and policy. Untill it crashes into physics.

Fri, 05/13/2011 - 12:46 | 1272111 spartan117
spartan117's picture

Robo, put up a chart of TRE - Jim is about to bitch slap the shortie hedge funds. 

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