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What's Wrong With This Picture?
EURUSD is plunging - now down 150 pips from Friday's close and having retraced the entire ramp on Greek proposals. The S&P 500, however, is surging...
Charts: Bloomberg
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Because we're moe-rons in the US
Greece is saved .... so the SNB has stopped buying euros and gone back to buying APPL stock
Because BTFD. What is ya ign'nt?
Because now they have to pay for it, and less "uncertainty" for us.
Bullish !
"What wrong with the picture?"
Nothing - As I've previously stated.
Investing guide for ZHedgers
Figure out what is rational and absolutely must happen , then invest in the opposite position.
Shhhh....Your giving away the secret, fortunately muppets can't read worth a damn.....
Because if the S&P didn't rocket up, the White House Central Committee would have to issue a nationwide terrorism alert against short sellers. And any broker who dares to defy Dear Leader will be executed by drone.
Smart Euro holders are buying up U.S. equities to protect their wealth from the inevitable crash of the currency.
Only CBs drawing the charts
skynet does not need logic
It's "contained" and Hillary is Speaking....what's the worry here folks?
..and Hillary is snorting....
and a carpet muncher.
+1 for Hillary.
No price discovery, period. What did I win?
All the ETF's I follow are not giving out pricing currently.
Everything is flat at unchanged.
Everything.
Sell the news?
85 Billion more printed can only be bad for the EURO
QE EURO next. then a US Rate rise. the EURO going to sink. But thats the Agenda.
Because Europe is still fucked and this whole ordeal amounted to basically no change?
Absolutely.
I think the Bank runs are now well underway in Europe and folks need to convert as much euro "shit paper'" to dollars and gold while they still can.
These "assets" seized remain uneconomic so long as the Banks remain closed.
Those Banks will never re-open again in my view.
ZERO trading in US Treasuries today. BWHAHAHAHAHAHAHA.
Yanis used his recently aquired Goldman bucks to buy some eminis.
It has this to blame
http://www.zerohedge.com/news/2015-07-13/genie-out-bottle-moment-euro-be...
Someone likes divergent charts with pretty colors so they make it happen.
2 words baby: Escape Velocity!
Because they now expect domestic chaos in Greece, that may flow over into other nations. Is this the black swan.
Do we end up with Greek terrorists doing harm in Germany?
The populations of Spain, Italy and Portugal just watched Greece rape its people for benefit of German Troika. They will be most agitated and watching their govts much more closely....
Keep dreaming
where is the phoenix capital guy that wrote the meltdown began?
mmmmm...he only writes when the market goes down
mmmm...
Look at usd/jpy. It's up 300 pips in 3-4 days. The BoJ is buying U.S. equities and selling the fuck out of yen. Look at the $usdx. Up 1.3% in just the last 8-9 hours.
I thought the point of the Euro is that it is, so I think, backed by 15% gold bullion.
Reminds me of the post-WWI severe reparations and other terms imposed on Germany. That didn't end so well. Query, does this deal prohibit Greece from starting or expanding an air force? I also wonder whether Spain, Italy, and Portugal are re-examining their military options.
We should all pay close attention to how this plays out, because it may soon be coming to a US state near you...
-Argenta
That looks like the difference between hardcore financial reality and "all is well" illusion to me.
After all this comes crashing down I wonder how many people will look back and be stunned they never could read the massive amount of writing on the wall. It's like nearly every story I've read about pit bull attacks. The owners always say something like "It was such a sweet dog until it mauled little Johnny..."
-Argenta
KHC up almost 3% so what do I care?
Kool Aid Kool Aid Tastes Great!
New Bitcoin users sold their bitcoins as soon as the "deal" was announced and that why the price of 1 XBT dropped back below $300 USD, but they will be back along with so many thousands of others when they realize that the Euro and the EU are sinking ships.
The European Union is finished.
What's wrong with this picture? Well, Poroshenko holds license plates of Czech republic 'cause Right sector in Mukachevo use cars with NATO's countries plates
https://scontent.xx.fbcdn.net/hphotos-xft1/v/t1.0-9/11750642_16382455064...
The EURUSD is subject to global market forces.
The S&P500 is entirely managed/manipulated by (mostly) domestic interests.
Their divergence is hardly a mystery... but rather vivid evidence of the ZIRP-powered & centrally-planned "economy" once known as the United States of America, shall it Rest In Peace...