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Rumor JPM Just Spiked European Equities And Talk Of Coordinated Currency Ramp
RanSquawk notes market talk that JPM is behind the latest uptick in EU equities, and reports talk of a EUR currency buying program in place ahead of cash close. As everyone knows JPM is merely the proxy for the FRBNY. So once again, it is not surprising that global central banks refuse to permit stocks to even consider having a downtick on a day that was supposed to be a blowout courtesy of Intel (which in turn is seeing record selling into earnings strength, which has pushed the stock from being up 8% after hours to just 3% higher now).
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In addition to buying Euros, will they buy sterling, krones, kunas, florints, etc?
This makes sense as JPM is a retail front for the Federal Reserve central bank. So if the Federal Reserve wants to ramp job something yet make it look like open market, JPM is the perfect vehicle. The 0% discount window is perfect for such Federal Reserve operations.
Remember when Alan Grayson asked Bernanke about the $500 billion he swapped with European banks and wondered who got the money? With the Federal Reserve using JPM, this is simply a workaround ramp job solution.
Kunas and Florints very strong...
the markets are a freaking joke
totally controlled by the criminal TBTF banks
CRIMINALS
+100
The markets are a joke, and the entire economy is a joke. Certain people can print money and pay themselves fat bonuses, other people get free money to not work, and some people (the slaves) have to work for little pieces of fiat. F this.
Good summary
Hansel, you said a mouthful here:
"The markets are a joke, and the entire economiy is a joke."
Were it that it ended there my friend. This here is Ponziworld. Markets and economies are but a reflection of the character and MO of the massas of the burgeoning global plantation.
Love the outfit brotha
All Wolfpacks must be kept at bay!!!
looks like someone let go a block of 2mil JPM at the open
This Euro move is appalling! What a freakin joke! The market is ONLY up 20 points after this too...
Manipulation is costing more & more to produce less & less results.
The markets really are amazing. The banksters will rally on now that they know the masses either are too stupid or don't care (perhaps both).
One wonders: Just how long can they play with themselves?
I would believe it:
http://i873.photobucket.com/albums/ab298/johnlaw1/eurusd7142010.gif
Wow, Thats great. Thanks JPM. I am your servant. Thank you.
Look at the spike in Silver when London closed...LOL.
Why, why, why are "we" not surprised....the coincidence of reading "The Trillion-Dollar Conspiracy" by Jim Marrs and then looking up for moment and watching the E/J get ramped when it should be in a nosedive seems not to be much of a coincidence to me when I consider the diabolical players of this Grand Charade.
Thank you, I'm feeling much better....
Nice stats.
what a babe.
You need to post her mirror image. Her body is forming a downward trend line. Talk to the Fed. Perhaps they can help you fix this problem.
Like pumping in some stimulus? I'm all for it.
“The period we are in now is the euro’s swan song,” said FX’s Taylor. The EU’s bailout package is making “people think things are OK and maybe all will be alright. When the reality hits us in September it will be miserable. I expect the euro to go to $1 by the end of the year,” he said.
"We are scary, scary owners of euros,” , “We are keeping our fingers crossed that maybe the euro’s appreciation lasts through July and into August. But then the euro is just going to get crushed as it’s an impossible situation in Europe.”
If you don't know who is John Taylor google John Taylor + fx concepts
Meredith Whitney should married John Taylor and have lots of kids.
I don't care what John Taylor says, I'm fading every move up in the EUR come hell or high water OR a margin call : O
Be patience... the moment will come... it always does ... the higher it goes the better... I like lions, I like snipers and I like snow leopards.... all of them opportunistic feeders
ohhh and I like woman...
Are you lesbian or in drag?
love ur avatar
Told you, JPM is behind this ramp up today. Just dropped a message to Citi´s and GS prop desks. JPM needs a lesson, guys ! :=)))
This Euro short farce has to unwind sometime. Do you guys really think the Euro is going to disappear? I don't.
Of course it won't disappear. Reports of the Euro's death have been greatly exaggerated, regardless of all the sound reasons why its a bag of shite. As previous threads have discussed, its more about what form it takes going forward, rather than its disappearance. Lots of horse trading going on behind the scenes, as the French try to keep the lid on Germany winning the peace once and for all.
.....agree that an outright Euro death is not likely.....a newly revalued Euromark gets my vote. The Germans are experts at painting an old currency barn a new color. Deutschemark to Reichsmark ....
I don't see any explanation to this pop in the Euro other than manipulation or a 5 minute squeeze breakout. Broke out around 10:45. Take a look at Gold. Looks like someone didn't like those levels. Ouch... From straight up to straight down. Bounced off the pivot and hit it's head on yesterday's high and got smacked down.
Money laundering is so european.
Where the f*** am I supposed to get a 40x40 avatar? I'm sick of this bag on my head.
Tell me about it!
+2
Hey, where are all those hot chicks we sent ya?
I used IrfanView to create mine. Simple!
This is me on an off day:
http://alysonmance.files.wordpress.com/2009/01/raccoon.jpg
HA!!! That's a wonderful avatar!! Scary and adorable at the same time. Grrrrr!
What's IrfanView?
(The chicks were smoking hot. But a guy would want to marry them, or, you know, 'marry' them I suppose ;-) ...not silence them and lock them up! So alas, they were a little too much 'Lucy & Mina' and not quite enough 'Renfield'...)
http://www.irfanview.com/
+3. There are now 2 other recent posters out there with my´öriginal¨ MS winter standard image avatar. Bastards. Now look at me - a cushion! The only 40x40 I can find, a f****** cushion...
Paper supporting more paper. It will make a great bonfire!
Given run up in Euro and other European currencies earlier this morning, and now US$ improve after the FOMC minutes released, do you think JPM ran it for FRBNY, knowing the FOMC minutes would hurt European currencies, so to get them up a bit first? Otherwise, we might have seen Euro back at 1.24. 1.23 by weekend?
Oh never mind. It's moving back up again. More head fakes.
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