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Yen Breaks 103, Sends Stocks Reeling
It's all about the fun-durr-mentals... but, just in case you don't believe that, this morning's angst over copper financing and China credit concerns has sparked notable carry unwinds (USDJPY below 103 and AUDJPY 93) and therefore US equities are tumbling (tick for tick). This morning's volatility in stocks was considerable around the open suggesting a lot of uncertainty and nervousness.
Charts: Bloomberg
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Are we crashing...?
Just until 3:58 or so....
Markets are within 2% of their all time high around the world.
Undeniably, they are not crashing.
Copper collapsing. Down 10% 3 daays. Technical breakdown. Lowest levels since 2010 and that level ($2,70) looks to be breached this week. Rots of Ruck bulls.
And gold's flat.
Haha. Gold bitchez.
FUCKASHIT!
SUM TING WONG!
FAT RADY SING NOW!
The S&P is down a whopping 10 points! Clearly this is a once in a lifetime opportunity to buy in to shares at bargain basement prices!
Be quick before the algorithms beat you to it!
BUY!! BUY!! BUY!!
[disclaimer: this message was proudly brought to you by Janet Yellen and the Federal Reserve]
A-Ha Finally! PLUG is circling the drain. Expecting the remaining fuel cell cohort to soil their shorts before sundown as well,
I spent a few minutes trying to find the Obamation involvement in this absurdity; but I didn't come up with anything; since it's "magic electricity"; I assumed it was financied by .Gov. It's really crazy, they put fuel cells in your Fork Lift fleet, and lease you a Hydrogen re-fueling station. Where do they get the Hydrogen? they use 40% more electricity from the grid to make it than you used to use to re-charge your lead-acid Fork Lift batteries; Fuck Me, Mother; everybody is out to win hearts and minds by being "green". I even feel like puking when I read this stuff; so it's making me green too.
Thats pretty disingenuous. I can get in my car and not only maintain my speed, but increase it; right up to the point of impact.
can someone explain or point to reference as to how AUDJPY affects S&P. not being sarc, just ignorant
Nobody knows. it's a correlation; maybe. I wouldn't pay anty attention to it if I were you.
I closed out my short position in ES, the futures contract on the S&P500; today at +$400; which is the same as saying; even, or nothing. I just got tired of watching the fucking Stock Market, I don't like the damn thing in the first place and it's not fun having to look at it every day; it can just go on without me; I'll find some other futures contract to get interested in; or do nothing. I know the damn thing is a hollow balloon; but the history of the market shows that irrationallity can go on for amazing lengths of time. I'd feel especially stupid to lose money to such a stupid market; so I'll jujt forgoe my possible proifit at its expense, and be a once a week casual observer.
Already crashed baby. This is like the end of Jacobs Ladder when we realise that all the strange goings on were the final flickering thoughs of a dying soldier......
Yen back over 103.
Crisis averted.
Copper rolling over again last 5 minutes. Hardhats on again
Smell of fresh excrement across China suddenly becomes heavy.
Sigh...Quit being so dramatic ZH. S&P down 5.
Nooooo!!!! Please, for the love of God, stop posting bearish stock news on ZH. I hope today is different but every single time one of these articles are posted the market immediately rallies. It's like getting an FX rec from Stolper. Do. the. opposite.
If the pattern is SOOOOOOO strong, why not trade it?
ori
He was right. It WAS a buying oppourtunity but alas like love so fleeting
It was a buying opportunity for momo button pushing monkeys. Are you a monkey? Would you like a banana?
Fuck the day traders! They are working for the banks! And if you are one, don't forget, all falls down.
ALL FALLS DOWN.
Under a magnifying glass all oscillations look like end-of-the-world, we're-gonna-die seizures...
I would call them false positives and become more and more nonresponsive to news items like these.
Do they call this 'negative conditioning'?
Normalcy bias, perhaps?
Meanwhile, Italy's Unicredit reported a $21 Billion (15 Billion Euro) loss in Q4:
http://www.nytimes.com/2014/03/12/business/international/european-central-bank.html?_r=0
The funny part is - that it is presented as a "surprisingly big" loss.
Anyone here surprised?
The phrase "surprisingly big" is supposed to make you think this is a one off and there is nothing but sunshine and pretty ponies heading your way.
Also to imply that "no one saw it coming".
Also a sexual inuendo that will keep peoples minds on Hollywood types than the world's financial demise.
LOL; not likely. Surprised it isn't 45 Billion maybe. The Euro has really created a huge financial house of cards for the Europeans; I reccomend "The Tradgedy of the Euro", a book; to anyone who is interested, it's a very well written book.
Ho Le Krap
Yen Tu Lo
Phuk Mi Runin
Yellen vs Yen.
Unicredit was up 6.5% on that loss LOL
...and you bottom ticked it. You guys are getting Stolper-ish
It makes sense that the markets are concerned at 11:00am on Tuesday about China. When the data came in on the weekend!! Sarc.
'if i ever saw a dot-com bubble... this one will make the 'DOT' exuberance a space-bubble so grandiose that pi will give up its rationale secret as the glo'ball period circumference is flatlined into a singularity-- a euclidean 'dark`matter' space'time vacuum... where, 'this-time-is-different' can't occupy 'wave-finite`time'... already predisposed for the quantums multidemensional 'string-infinite' future, all riding on a failed (fx).... whence, in theory a sybiosis is all but ludicrous in mankinds`reality!'
a kinda, gold`en'd apologetic`euphemistic mankind fait`accompli?
what was i thinking...
?