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Euro, Bunds, & DAX Have Given Up All Q€ 'Gains'

Tyler Durden's picture




 

Paging Mario Draghi... This was not supposed to happen!!

 

 

"But they said it worked in America..."

 

Charts: Bloomberg

 

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Wed, 05/06/2015 - 10:12 | 6065482 PartysOver
PartysOver's picture

Damn Fluffers got a hold of the currency crosses.

Wed, 05/06/2015 - 10:17 | 6065520 Temporalist
Temporalist's picture

The Yellen being a fluffer is...sorry I'm cleaning vomit now.

Wed, 05/06/2015 - 10:53 | 6065712 PartysOver
PartysOver's picture

Oh my, that is just wrong on every level.  Very wrong.  lol

Wed, 05/06/2015 - 11:58 | 6065998 max2205
max2205's picture

Those bastards fontrun faster 

Wed, 05/06/2015 - 11:58 | 6066001 KnuckleDragger-X
KnuckleDragger-X's picture

Now I'll have get out the brain bleach....

Wed, 05/06/2015 - 10:18 | 6065524 TeamDepends
TeamDepends's picture

"It's the Ferrari of mini-vans."

Wed, 05/06/2015 - 10:24 | 6065567 Butterflying
Butterflying's picture

My last pay check was $9500 working 12 hours a week online. My sisters friend has been averaging 15k for months now and she works about 20 hours a week. I can't believe how easy it was once I tried it out. This is what I do... www.jobs-review.com

Wed, 05/06/2015 - 10:43 | 6065668 Soul Glow
Soul Glow's picture

Yeah but now you are making $1/hour spamming on websites.  Sucks for you.

Wed, 05/06/2015 - 10:13 | 6065486 Dapper Dan
Dapper Dan's picture

U.S. Treasury aims to hold a week's worth of cash

 

The Treasury will aim to hold at least $150 billion at the end of every day, Acting Assistant Secretary for Financial Markets Seth Carpenter said in a statement.

 

http://www.reuters.com/article/2015/05/06/usa-debt-idUSL1N0XX0YQ20150506

 

 

Wed, 05/06/2015 - 10:14 | 6065489 Soul Glow
Soul Glow's picture

The best thing to come from Draghi was Josiphine Witte.

Wed, 05/06/2015 - 10:14 | 6065490 Spitzer
Spitzer's picture

The Euro is the cleanest dirty shirt by far. I don't care what you deluded dollar fanboys say.

Wed, 05/06/2015 - 10:15 | 6065493 Soul Glow
Soul Glow's picture

The cleanest shirt is gold, obviously.  Jeesh Spitzer, you're losing it.

;)

Wed, 05/06/2015 - 10:18 | 6065523 Ghordius
Ghordius's picture

hey, Spitzer was warning people not to short the EUR at a few very important junctions, in the last years. before you joined ZH. just saying

Wed, 05/06/2015 - 10:33 | 6065617 Soul Glow
Soul Glow's picture

I was Mr Lennon Hendrix and Dr Paul Krugman, I've been around.

Wed, 05/06/2015 - 10:38 | 6065649 TeamDepends
TeamDepends's picture

Sweet! You had some of us fooled for a while with Krugman. We no doubt hurled a few "ad hominems" your way. Did he make you stop?

Wed, 05/06/2015 - 10:42 | 6065665 Soul Glow
Soul Glow's picture

ZH deleted the account the day he published this -

http://krugman.blogs.nytimes.com/2013/04/08/its-not-me/?_r=0

Wed, 05/06/2015 - 10:45 | 6065677 Ghordius
Ghordius's picture

"I was Mr Lennon Hendrix..." interesting. then, you sure remember what we were chatting, in the ZH "Chat Channel", don't you?

Wed, 05/06/2015 - 10:58 | 6065747 Haus-Targaryen
Haus-Targaryen's picture

There is a ZH chat channel?  

Wed, 05/06/2015 - 11:03 | 6065772 Ghordius
Ghordius's picture

there was one, once upon a time

Wed, 05/06/2015 - 11:03 | 6065762 Soul Glow
Soul Glow's picture

I don't know.  It's not like I remember you the way I remember my girlfriend.  But I have a feeling you will remind me.

Fights will go on as long as they have to....

Wed, 05/06/2015 - 11:06 | 6065785 Ghordius
Ghordius's picture

good answer, but "we" did not fight, "we" agreed on certain things. oh, well, I guess I will continue to mourn "Mr. Jimi Hendrix", several others and of course... "akak"

Wed, 05/06/2015 - 11:12 | 6065815 Soul Glow
Soul Glow's picture

Well I know I usually agree with you, just wondering if you had a specific example.  I'm been a bit bloodied over the years from all the fights, I can't remember the half of it.  

And no need to mourn, we're all still here

:)

Wed, 05/06/2015 - 10:28 | 6065603 PrawnStar313
PrawnStar313's picture

@Spitzer, soon the Euro wil be the sharpest falling kife 

Wed, 05/06/2015 - 10:15 | 6065494 ...out of space
...out of space's picture

to me it looks like dax make shs on daily and ready for some 10% move downside

Wed, 05/06/2015 - 10:15 | 6065498 firstdivision
firstdivision's picture

It's happening just as they want it to happen.  You're confusing what they say with what they want (i.e. GS Positioning).

Wed, 05/06/2015 - 10:34 | 6065629 Soul Glow
Soul Glow's picture

They will make $$$ until they don't, we get it.

Wed, 05/06/2015 - 10:15 | 6065500 Ghordius
Ghordius's picture

nah, nah, nah. the intent of Q€, the reasoning and the whole bunch of reasons behind it... were never neither the EURUSD, nor the Stock Markets, nor the Bond Markets levels

yes, the FED is highly addicted to stock market gains. that's because the whole US is. and it was very visible when Bernanke talked about it

but the ECB strategy was never active, always reactive. that "active steering" of the FED is a prerogative of the mightiest

you have been warned. don't mistake the sun for the moon, or Batman for Robin

Wed, 05/06/2015 - 10:22 | 6065554 Lady Jessica
Lady Jessica's picture

Surely this is not praise of Q€?

Wed, 05/06/2015 - 10:49 | 6065697 Ghordius
Ghordius's picture

+1. wish I could praise it

Wed, 05/06/2015 - 11:21 | 6065849 desirdavenir
desirdavenir's picture

if you know what is the intent of QE, my ears are all open. I can figure several reasons, all of them  contradicting one with another, under vastly different assumption. E.g. Q€ aims at reducing shadow banking based on EZ bonds since it began shortly after the escrow for rehypothecation transactions was  actived in jan. 2015. It can aim at reducing spreads between EZ countries (closer integration discourse) or on the contrary at augmenting them (since a root of the crisis was yield too high DE which made germans virtuous but too low in spain et al. which made these countries to profligates). And so on, and so forth...

 

 

Wed, 05/06/2015 - 10:16 | 6065506 praps
praps's picture

But front running of Dax for QE started at about 10,000 so still a lot to unwind from here (11,250).

Wed, 05/06/2015 - 10:23 | 6065563 Glass Seagull
Glass Seagull's picture

 

 

Whatever it takes...wait...whatever-er it takes-er.

 

 

Wed, 05/06/2015 - 10:28 | 6065595 sidiji
sidiji's picture

This is very worrying....QE worked all the other times in US & Japan, what's going on here with Europe??

Wed, 05/06/2015 - 10:34 | 6065630 Brazen Heist
Brazen Heist's picture

Are you being serious or is that sarcasm?

Wed, 05/06/2015 - 10:41 | 6065664 Wild Theories
Wild Theories's picture

seriously, I'm just as concerned

Wed, 05/06/2015 - 10:53 | 6065713 Ghordius
Ghordius's picture

at the zero bound of rates, conventional financial logic... does not work. it's a kind of twilight zone, where up and down are... less relevant then normally

ergo "the markets" are... oh, don't get me started with that

Wed, 05/06/2015 - 11:08 | 6065797 andypaps28
andypaps28's picture

The markets are becoming like a casino more and more each day. The volatility across all asset classes is immense. The dax is likely to finish up 50 pts + even though the Eur/USD put on about 1.5%. Something is very messed up.  These are the times to be day trading ! 

 

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