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US Dollar, Stocks, Bonds Plunge; EU Peripheral Bonds Crash As Draghi Bazooka Fizzles

Tyler Durden's picture




 

And there goes hopes for a bigger bazooka...

 

Peripheral Bonds are collapsing...

 

BoJ Rescue is underway...

And The US is not happy...

Just as we warned, the question is whether Draghi will listen to logic and reason, or if he will continue his campaign to isolate the Hawks on the ECB governing council and in the process make Europe's monetary situation unfixable. If Draghi does relent, the EURUSD can soar as high as 1.09 tomorrow according to some estimates.

 

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Thu, 12/03/2015 - 09:41 | 6870110 Dr. Engali
Dr. Engali's picture

Merry Christmas butcher! Santa Draghi left you some coal.

Thu, 12/03/2015 - 09:43 | 6870112 Truther
Truther's picture

No worries, Yellen to the rescue soon enough. Hang'em all bitchezzzz.

Thu, 12/03/2015 - 10:10 | 6870196 schatzi
schatzi's picture

Meh, Draghi is cooking the frog. Bit by bit. 10 basis points at a time. Japan here we come (if we're lucky and this whole Euro fiasco doesn't blow up in our faces).

Thu, 12/03/2015 - 09:43 | 6870116 The Pope
The Pope's picture

Which one of those charts represents money?

Thu, 12/03/2015 - 09:47 | 6870126 riot-police
riot-police's picture

Why is the EUR up? The markets are crazy but this is a new level of crazy.

Thu, 12/03/2015 - 09:55 | 6870143 buzzsaw99
buzzsaw99's picture

actually it is the same old level of crazy we've witnessed for a long time now. it was priced in but draghi underdelivered, yadda yadda yadda

Thu, 12/03/2015 - 09:59 | 6870156 moratar
moratar's picture

EUR is not up. USD went down.

If it was EUR moving not the USD than you would not see any move in gold price.

Thu, 12/03/2015 - 10:08 | 6870182 riot-police
riot-police's picture

$5 is hardly a "move" (for gold).

Thu, 12/03/2015 - 09:52 | 6870136 buzzsaw99
buzzsaw99's picture

hate to say this but the early moves in gold and the 10Y are head fakes

Thu, 12/03/2015 - 09:54 | 6870142 Seasmoke
Seasmoke's picture

This time is different. 

 

/s. 

Thu, 12/03/2015 - 10:00 | 6870160 Gief Gold Plox
Gief Gold Plox's picture

Gold move in EUR is quite lovely, if you've been keeping yarr powder dry. I'm off to the coin shop.

Thu, 12/03/2015 - 10:08 | 6870189 Hubbs
Hubbs's picture

Alert! I just bought monster box of silver and ten gold maples, so expect those prices to drop by tomorrow. It has happened every friggin time!  No. Really.

Thu, 12/03/2015 - 10:14 | 6870208 secretargentman
secretargentman's picture

Just means you're lowering your DCA every time you buy another batch...  :-)

Thu, 12/03/2015 - 10:54 | 6870394 TheSecondLaw
TheSecondLaw's picture

Doesn't matter. You're not buying for gain in the next month or two. You're buying for when the SHTF, at which point $100 up or down now is utterly irrelevant.

Thu, 12/03/2015 - 09:53 | 6870137 Seasmoke
Seasmoke's picture

Pressure is really on Mr. Yellen warming up in the bullpen. 

Thu, 12/03/2015 - 10:00 | 6870163 Bernoulli
Bernoulli's picture

Yellen is warming up, but she will do nothing. The only thing still missing is the wording why she is doing nothing. Plenty of stuff can still happen in the next 12 days...

Thu, 12/03/2015 - 09:58 | 6870146 Bernoulli
Bernoulli's picture

And the DAX is being crushed.

http://www.boerse-frankfurt.de/index/parkettkamera/DAX/ChartBig

If this is what happens when a central banker DOESN'T do something "good" some people IMAGINED he should do, imagine what the reaction will be to a central banker actually DOING something "bad" that NOBODY expected...

 

Thu, 12/03/2015 - 10:07 | 6870181 NoDebt
NoDebt's picture

They would never do something bad.  Surely not.

Thu, 12/03/2015 - 10:04 | 6870175 spastic_colon
spastic_colon's picture

all being saved up for the supr rally on dec 15-16 to show super confidence.

Thu, 12/03/2015 - 10:11 | 6870198 riot-police
riot-police's picture

Probably right, I think the teminology is a Santa Clause rally.

Thu, 12/03/2015 - 10:06 | 6870179 Sizzurp
Sizzurp's picture

So Dragster made rates are a bit less negative than they were going to be, hurray the euro is saved. Give me a break, this whole dog and pony show from the ECB is absurd.  They are in so deep, I am surprised they can even talk with a straight face.

Thu, 12/03/2015 - 10:24 | 6870235 MadVladtheconquerer
MadVladtheconquerer's picture

Yaaa, US stocks are plunging alright w/ SPX futures up 5.  And gold at 1055 sure looks like a surge esp given

its new low at 1049.

 

 

Thu, 12/03/2015 - 10:33 | 6870275 firstdivision
firstdivision's picture

So USD falls cause ECB went more negative...makes sense if I was high or drunk.

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