The EUR-USD Rollercoaster Goes Down As The Goldman Stop Losses Are Triggered

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Tue, 11/15/2011 - 22:19 | 1881213 CashCowEquity
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Tue, 11/15/2011 - 23:58 | 1881541 johngaltfla
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<<<< KABLOOEY >>>>

And EUR/JPY ain't much better, 103 is now in danger of going buh-bye....

Wed, 11/16/2011 - 00:32 | 1881621 greased up deaf guy
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timbEUR!!! lol

Wed, 11/16/2011 - 02:13 | 1881780 flacon
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Glad I am fully vested in the barbaric metals, gold and silver. No worries for me tonight. Let the world burn...

Wed, 11/16/2011 - 03:50 | 1881868 Popo
Popo's picture

Time to get everyone out of equities and into currencies.   Centrally-planned equity-market flash crash in 10...9...8...7...




Tue, 11/15/2011 - 22:21 | 1881221 Nate H
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how many Tylers are there. You (guys) are prolific....(and entertaining, and often right...;-)

Tue, 11/15/2011 - 22:34 | 1881267 Unprepared
Unprepared's picture

The whole is bigger than the sum of the parts

Tue, 11/15/2011 - 22:50 | 1881329 sabra1
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that's what i said about janet napolitano! more cheese anyone?

Wed, 11/16/2011 - 01:09 | 1881713 Ted K
Ted K's picture

Holy Moley that's a lot of holes!! 

Janet got a hole lotta love. Only I think Janet saves her hole for Jill.

Tue, 11/15/2011 - 22:49 | 1881322 Steroid
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Don't you remember Fight Club?

Tyler is insomniac!

Wed, 11/16/2011 - 03:51 | 1881869 Popo
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Except in the movie there wasn't a whole staff of Tylers.

Tue, 11/15/2011 - 22:51 | 1881331 Sequitur
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The first rule is . . . .

Tue, 11/15/2011 - 23:06 | 1881379 Vampyroteuthis ...
Vampyroteuthis infernalis's picture

...... never talk about Fight Club.

Tue, 11/15/2011 - 23:09 | 1881396 lolmao500
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Nail Jennifer Aniston?

Tue, 11/15/2011 - 23:17 | 1881427 mynhair
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Who is Jennifer Aniston?  And why should I care?

Tue, 11/15/2011 - 23:41 | 1881499 lolmao500
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Jennifer Aniston is the hot chick that was married to Brad Pitt when Fight Club came out.

Wed, 11/16/2011 - 01:11 | 1881715 Ted K
Ted K's picture

Jennifer Aniston is like the girl next door who only does it missionary style.

Wed, 11/16/2011 - 02:10 | 1881777 dpr10
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appearances could be misleading bud::))))

Tue, 11/15/2011 - 23:55 | 1881535 Johnny Yuma
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Now, a question of etiquette - as I pass, do I give you the ass or the crotch?

Wed, 11/16/2011 - 00:02 | 1881550 charlie mcgrath
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Wed, 11/16/2011 - 03:39 | 1881857 vato poco
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Which brings us round full-cricle to the Jen Anniston vs. Angie debate. They're both hot, but Jen's a little porcelain princess - so she'd be the crotch, on the bed, eyes clamped shut, all the lights off, thinking of England. Angie's such a freakazoid they don't have a word for her yet - she'd be the ass. With toys, handcuffs, fists, a couple of her best girlfriends, maybe her brother, and cameras rolling from every angle.

Guess Tyler's an ass man. You could see it coming, right there in the movie. "Man, you've got some fucked-up friends, I'm tellin' ya. Limber, though..."

Wed, 11/16/2011 - 00:41 | 1881650 disabledvet
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if it helps: "i am not one. but i am many."

Tue, 11/15/2011 - 22:22 | 1881225 Future Tense
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Larry Fink summarized it perfect this morning.  Europe's liquidity is vanishing, and they are on the verge of a catastrophe.

Tue, 11/15/2011 - 22:26 | 1881247 surf0766
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Didn't he create the first MBS? I could be wrong.  But really, who cares what he says.

Tue, 11/15/2011 - 22:42 | 1881298 SDRII
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The only thing noteworthy in that interview was when he was asked about his role in the MF situation for which he stuttered and then recused himself.

Tue, 11/15/2011 - 22:45 | 1881307 surf0766
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I would not expect anything different. Thank you .

Tue, 11/15/2011 - 22:27 | 1881227 FlimFlam
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And the press is worried:


Interpretation: GS stop losses at 1.35 because it knows hedge fund Euro attacks are escalating into the endgame.  It is the US dollar, actually, that cannot be propped any longer, hence the Euro attack, hence the stop loss requirement.  Ouch, ouch.

Wed, 11/16/2011 - 00:23 | 1881601 FlimFlam
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And one further contextual piece.  Greece was downgraded when?  When the US dollar began tanking.


Assume the US dollar's fall is inevitable (I mean, really ...).  What's a financial industry to do in the face of that?  Grab assets (read: attack the Euro, apply austerity worldwide).  The implication, here, not missed by people around the world facing austerity, is that this debt-fight we're now witnessing has no solution.  Many on this site know it has no solution.  Many in the know (Dalio ad almost infinitum) know there's no solution.  One is left with just a bit of time to grab as many assets as possible.  GS stop-lossing at 1.35 is an attempt to keep the Euro from falling too quickly before assets are grabbed. 


Major change coming.  That line in the sand has been crossed.

Wed, 11/16/2011 - 01:14 | 1881722 tim73
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Mostly American primary dealers are trying to talk down euro. They are responsible for buying all that US debt coming out 75-100 billion dollars worth per month if nobody else buys.

So naturally they are talking down competitors in Europe in order to keep the demand steady for FED crap paper. I'd bet there are a huge army of economists ordered to do just that in many banks.

"ITALY IS SELLING WHOPPING THREE BILLION EUROS! LOOK OUT!...(and btw, look here, we are trying to sell a little bit of USA debt, only 35 billion dollars)"

Wed, 11/16/2011 - 02:33 | 1881791 FlimFlam
FlimFlam's picture

Yah, that makes sense.  It was hedge fund reps (incl Soros) + big bank reps that met secretly in Manhattan to talk about the Euro.  The very problem driving those meetings is what you say.

Tue, 11/15/2011 - 22:23 | 1881231 zorba THE GREEK
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Failure of the Super Congress to pass a credible bill could send the Euro soaring

back up against the dollar. 

Tue, 11/15/2011 - 22:42 | 1881297 CapitalistRock
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Actually it's the other way around. Failure of the super committee will trigger the default spending cuts. It's highly deflationary. That would mean the dollar would tend to move up against other currencies.

At least until the fed speaks of more QE.

Tue, 11/15/2011 - 22:44 | 1881305 CrashisOptimistic
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If they produce nothing, the sequester event is not until 2013 and all effects are delayed.

If they produce anything at all, it will be hyped bullshit and not real and will involve savings over 10 years, backloaded.

Tue, 11/15/2011 - 23:06 | 1881376 zorba THE GREEK
zorba THE GREEK's picture

If Congress comes up with zilch, they could always vote to delay the trigger cuts.

The whole trigger idea was just BS anyway, they are not going to allow massive

defense cuts with the world involved in so much conflict. Any real spending cuts

and new taxes will not take place until after the elections, and when they come 

due, will be put off again, just the way they have extended the Bush Tax cuts.

The debt and deficit spending will never be addressed by politicians until there

is a major collapse and they have no other choice.

Wed, 11/16/2011 - 03:59 | 1881880 Cap Matifou
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The self elected Central Committee of the USSoA may decide what they want, but it will not save your sorry hide.

Tue, 11/15/2011 - 22:23 | 1881232 Matt1973
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Drop it like its hot

Tue, 11/15/2011 - 22:24 | 1881234 chump666
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hahaha goldman.  brutal USD bidding across Asia.  Happened yesterday same time after the CNY fixing.  Gold is getting smashed.  this a deflation trade out of Asia.  Nasty

Tue, 11/15/2011 - 22:24 | 1881236 lotusblue
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A Clockwork Orange.

It is eery tonight,as if.......

Tue, 11/15/2011 - 22:34 | 1881269 Decay is Constant
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Horror show!

Tue, 11/15/2011 - 22:24 | 1881239 Anomalous Howard
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More Japan intervention on the way?

Let 'er rip

Tue, 11/15/2011 - 22:25 | 1881240 rumblefish
rumblefish's picture

Good..... Now let's get the market to head south so my shorts can pay off.....

Tue, 11/15/2011 - 22:26 | 1881245 Matt1973
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yeah, lets get this train wreck over with

Tue, 11/15/2011 - 23:21 | 1881439 tekhneek
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No shit right? The only thing worse than being a perma-long is never knowing when to be short.

Wed, 11/16/2011 - 00:47 | 1881666 disabledvet
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just when you think The Squid's out of tentacles "he comes forth with a new one and starts choking that thing!...OVER THERE!" Normally he's called the lawyers by now and "dropped ink" as they say. Not this time though! He's rather determined and ain't lettin' go! And the mighty Sperm Whale is just hangin' out in his living room this time "content with just the little fishies." Where's "Hank and the Killer Sperms" this time? I mean "it's your favorite meal Mr. Whale!"

Tue, 11/15/2011 - 22:25 | 1881242 propflow
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sweet! im ss a ton. Lets crush this ponzi fiat currency!

Tue, 11/15/2011 - 22:28 | 1881244 GritMonkey
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*Ding Ding* $SPX Elevator - next stop 1st Floor

Tue, 11/15/2011 - 23:02 | 1881362 Schmuck Raker
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"Oh, good morning Mr. Tyler.

Going DOWN ??" ;o

Tue, 11/15/2011 - 22:27 | 1881246 ??
??'s picture

Just watched (by accident) CNN report on OWS

Mother FCKING Bloomberg banned the press from the eviction

and here on ZH we had EconMatters (contributor extraordinaire) encouraging said eviction

so EconMatters this is for you


Tue, 11/15/2011 - 22:28 | 1881251 Matt1973
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#Looser;  fun over

Tue, 11/15/2011 - 22:53 | 1881341 ForTheWorld
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I'm assuming (as opposed to presuming) that you meant #Loser.

Loser: "You're such a LOSER man!"

Looser: "Baby, can you make this choker a little looser please?"

Do NOT follow this link or you will be banned from the site!