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Merkel Attempt To Talk Down Euro Rejected By MGA Rumor That Fed Will Announce Aggressive Bond Buying Any Minute
Poor Angela Merkel - being completely unable to do any monetary intervention without incurring the anger of a hawkish population, the chancellor is limited in her ability to intervene in the FX market. Which is why her most recent attempt to generate some Euro weakness appears to have had a diametrically opposite effect. Reuters quotes the chancellor as having said that recent euro weaknesses have not been overcome, and have been merely shielded for now, using EU and IMF rescue packages. In other words please sell the EUR. She has also sees major risk of protectionism, and supports the Sarkozy initiative to put currencies on the G20 agenda. Of course, all this FX warfare-lite is for nothing, as the market is invigorated by a Medley Global Advisors report that a Fed announcement to "aggressively" buy bonds is imminent. At least we now know that even if it sucks at everything else, the Fed is great at leaking stuff to the highest bidder. Regardless, first of all, this is a total bullshit plant. And second, just how is that news again? We have long claimed the Fed will have no choice but to buy at least $1.5 trillion. Even permabull Jim O'Neill said so on Tom Keene last night. But yes, lets price in QE2 a little more with some worthless rumor. After all the plunge in BAC must be halted at all costs.
Yet the immediate goal of fooling several thousands Japanese housewives, and some momentum chasing computers, has been accomplished.
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Well, if she can declare that Germany will chuck the Euro away now and have gold as the new currency of Germany, I guess the Euro will show huge weakness immediately...;-)
Yeah, and the Deutsch Mark 2.0 will go trough the roof
that would be awesome....
Can't trade vix puts that expire today. Supposedly there are zero bids right now for all vix options expiring today???
Someone! Anyone! please explain this to me. What the fuck is going on?
VIX options are cash settled based on the weighted average opening price on the day of expiration. The last day to trade VIX options is the day before they expire... which would have been yesterday.
Algos going wild
Sheesh, stuff changes direction so fast that the older, grisly FemBots have to use Taser guns to make sure the 17-year old joystick traders at TIAA-CREF are following the trend changes on the 5-minute charts.
I'd do her, pretty decent lookin cougar.
More MILF than cougar, imho.
And looks like she can cover your back in a bar fight!
agreed.
Agreed too, Robo is really loosing his golden touch. i miss the original Robo instead of this lackluster Robo 2.0.
You guys are great!
LOL
More like a MILFgar. Smoke em if ya got em....
Looks more like Patrick Swayze in drag to me.
LOL, yea kinda.
That just gave me the shivers ...
OT: may he rest in peace.
Brilliant performance in Donny Darko, and in his last gig The Beast.
It's time for your electrolysis appointment.
Jettison Greece, that ought to be good for a few days.
but...but the analyst will need Greece.
The FED has been devaluing the dollar for almost 100 years, it should be good at it by now.
Now they just have to convince the countries we import goods and natural resources from that their exports are worth less, too. Because $10./gal. gasoline might put a damper on "the recovery".
"lets price in QE2 a little more with some worthless rumor"
central banks only have two tools:
1) the printing press
2) slinging bullshit
neither of these tools is working very well these days
At this point, Q/E2 has to have been priced in many times over counting for 1,200 DOW points minimum. Even if Q/E2 is delivered, wont it be the biggest 'sell the news' in history? Or does Q/E2 event simply reinforce the immediate need for Q/E3, which will immediately be priced in at about DOW 15,000?
Bernanke: "NOBODY expects the The Fed Intervention! Our chief weapon is surprise...surprise and fear...fear and surprise.... Our two weapons are fear and surprise...and ruthless efficiency.... Our *three* weapons are fear, surprise, and ruthless efficiency...and an almost fanatical devotion to the Pope.... Our *four*...no... *Amongst* our weapons.... Amongst our weaponry...are such elements as fear, surprise.... I'll come in again.
Nice! However, that sounds more like W.
:)
Question is. Does Bernanke expect an Inquisition?
"Does Bernanke expect an Inquisition?"
perhaps it is the Holy Hand Grenade of Antioch that keeps Benny awake at nights ...
Monty Python - The Holy Hand Grenade
http://www.youtube.com/watch?v=xOrgLj9lOwk
If it comes, he will be safe on the ranch in Paraguay or some other country with no extradition treaty.
USDX all the way back to 77.45 yet gold is unch.
Something tells me this is just rumor-mongering BS.
If gold fails to hold 1325 and closes below there, it could move all the way back to 1300 but there should be some significant support there.
Silver looks like significant support at 23. The two support levels may coincide. Maybe tomorrow when there is no POMO. Or Monday. Either way, 1300 on the Dec10 gold and 23 on the Dec 10 silver would be terrific entry points if you get a chance.
Lastly, very little premium is being taken out of the Dec silver calls. Price is more than a dollar off its highs but the boys ain't letting anyone in cheap. Very interesting. Feel free to read into that what you will.
Gold is still heading to 1500 by 12/10/10. Silver will trade through 27.
There are no cash buyers left in this market, so when it looks like it's going to turn, everybody runs for the exit. They all know this and they are terrified. Looks like the are running out of ammunition to keep the ponzi afloat...
death of the system
cancer riddled disfigured body
once strong and beautiful
malignance infected oversight
and pillaged with reckless abandon
Bukowski would have left out the middle line.
http://www.youtube.com/watch?v=yj4RRGq8jNQ
http://www.youtube.com/watch?v=zSo9_iVc9Cs
Markets running on nothing but vague promises of more purchases of things using more fake money...what a piece of shit.
OT: Check out REE
I think their investors should give China a great big hug.
Most of the rare earth juniors are bubbling up, thanks to China's threats to huff and puff and blow assorted houses down.
Isn't today a POMO day?
Yes, as is Friday.
Also next Tuesday and Thursday.
Also 11/1, 11/4 and 11/8.
This is not rocket science.
Did anyone really think that the status quo would cede power without a major fight?
Print $5T, hell go full nuclear Krugman.
Does it make a difference?
Wow. The f-ing $ has essentially given back all of its gains from yesterday.
Utterly amazing volatility!
And this would seem to be important, too:
10-20 09:30: Bank of Canada repeats any further rate hikes would need to be carefully considered, considerable monetary stimulus still in place
Which country to be the first to talk about tariffs on US goods?
What US goods, what do we make?
Ponzimatic - New and Improved
Made in USA
America's Biggest Export.
Waste Paper
Ranks right up there with America Can't Dance.
And Jerry Springer.
Waste Paper
Trigger stops, Roger. Short squeeze. Affirmative ... Pomolicious ...
Guys,
This is serious. It seems there is going to be a lot of distraction coming from UFOs. You heard righ, UFOs.
http://www.youtube.com/watch?v=5DfsjWc8h-U
http://www.youtube.com/watch?v=HRKnGnjjLY4
http://www.nydailynews.com/ny_local/2010/10/13/2010-10-13_mystery_shiny_objects_floating_over_manhattan_spark_ufo_frenzy.html
I'll like to get your reactions. Could it be that government is planning to control people and countries (including markets and economies) with this kind of stuff? I've seen plenty of conspiracy stuff & UFOs theories in Youtube. But is it actually happening?
Hollywood plants pumping a new movie coming out next month. That is it. Also works at a great diversion for other things.
Yeah.
Seriously, like for real.....
It's the latest scare tactic from TPTB now that N1A1whatever, global warming, Mexican invasion, Tea Party and Global Terror amongst a whole boatload of bullshit have all failed to rally the sheeple behind a global currency and gubamint.
Seriously.
The UN just named a Malaysian lady to head up their Department of Alien Visitors Bureau (Not the real name, but did do this, no joke.) for the little green men, so they have the proper maps and guide books.
http://www.wired.co.uk/news/archive/2010-09/27/alien-ambassador
And of course, will cost you more in taxes to fund and run it properly as you may have forgotten to consider. Or not, I mean to consider, not whether there'll be more taxes.
http://www.usmessageboard.com/current-events/134856-united-nations-to-appoint-ambassador-to-space-aliens-for-first-contact.html
Has anybody really considered that if we are gonna get visited by some advanced civilisation, that after spending any reasonable amount of time examining our electronic emissions, that they'll have no reservations whatsoever as to destroying this planet in order to make room for a new galactic waste facility?
No?
Well, don't ask for something you might not want, or they'll name the access route after you. I can just see it now;
"Knukles Memorial Intergalactic Toxic Garbage Dump Facility Access Vector.
Please slow to sub-light speed to minimize time dilation.
No millineal parking
The aliens better hurry the f**k up and get here because the Fed needs a bagholder for $1T+ of its fabulously wonderful 'pledged collateral'.
We also have some very, very nice houses to sell them too.
How funny would it be if there are aliens and they came here and bought up our real estate with "intergalactic credit" the equivalent of wampum and FRNs?
Angela - see what ya get for getting that fat two years of carry for nearly free?
BTW, why cry (since your gun is loaded with blanks and everyone knows it) when the Gausthaus owner wants to collect that fat deckel of yours. I am sure you'll play this like you played the recent action with Nicky. You're a funny girl Angela and that's for sure. Meanwhile, pay up shorty.
http://www.youtube.com/watch?v=aC5al-btIEw
But don't worry Angela, as long as you keep doing those weekender's and private lunches no one will wonder about the Ost'est with the mostest
Thanks for taking the time to discuss this, I feel strongly about it and love learning more on this topic.
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