This page has been archived and commenting is disabled.
Euro Goes Apeshit As Robots React To Individual Headlines From FinMin Statement
The EURUSD just went apeshit surging by 50 pips as the robots merely read the favorable tone in the headlines as released by Bloomberg, while completely missing the point that absolutely nothing is done yet. Here there are, via BBG:
- JUNKER SAYS SUBSTANTIAL FURTHER PROGRESS HAS BEEN MADE - EURUSD spikes 20 pips
- JUNCKER SAYS CONFIDENT EUROGROUP TO MAKE DECISIONS ON MONDAY -EURUSD unchanged
- JUNCKER SAYS TROIKA HAS PRESENTED DEBT SUSTAINABILITY REPORT - EURUSD spikes another 20 pips
- JUNCKER SAYS GREECE, TROIKA HAVE IDENTIFIED EXTRA BUDGET MOVES -EURUSD unchanged
- JUNCKER SAYS HE'S CONFIDENT OF FEB. 20 DECISIONS ON GREECE - it was supposed to be Feb 15 remember...
- JUNCKER SAYS GREECE SETS EU325 MLN IN EXTRA BUDGET MEASURES -EURUSD unchanged
- JUNCKER SAYS STRONG ASSURANCES FROM LEADERS OF 2 GREEK PARTIES - EURUSD says: "OOOPS"
And the one the robots have so far missed:
- JUNCKER SAYS FURTHER CONSIDERATIONS NEEDED ON SPECIFICS
Translating the last one: NOTHING HAS CHANGED! And just to confirm this:
- Euro fin mins see need for stronger surveillance of Greece.
--> Fiscal Feudalism 101 is baaaaaaack. And the ball is back in Greece's court.
And the whole farce visually:
And the unwind as Atari 2600 processes what it just reacted to:
»
- 8661 reads
- Printer-friendly version
- Send to friend
- advertisements -
Even if it does change nothing really going to change
Funny how when apple puked 15 points.... 6E collapsed LOLz- http://hedge.ly/xDI3rj
Acshually, all Troika assumptions on Greek's 2013 GDP seems to be set to high according to latest bank analysis. Instead of decreasing 4,7% as the Troika asumes, it's more likely the Greeks GDP will sink by 7% in 2013.
Which means - ceteris paribis - that the Greeks public debt will stand at 130% of their GDP in 2020.
So this would require either a redo of the 'haircut' conditions or - at least the IMF have to do - declare Greek etat as non-sustainable.
So it's more likely that it's all a farce.
Source: http://www.ftd.de/politik/europa/:schuldenkrise-rezession-laesst-athens-hoffnung-schwinden/60169490.html
Well as you said "Even if it does change nothing really going to change"
That last one says it all. They haven't changed anything, they have only obfuscated the MSM to come back in private and say how about this deal. And then the Troika says not good enough.
Tyler said 'apeshit' *giggle*
Heh, sounds right. All these robots are trading on isn't anything fundamental, just the *perception* of improvement. They buy because they think others may buy. The only thing that would be stupid is if humans actually bought into it (unless they're also trying to front run the robots?). It's all about not being the last guy holding the bomb.
I feel like I'm playing a game of M.U.L.E ...
http://www.smithore.com/_imgs/about/mule-players.jpg
What a bizarre link.. it takes me to http://www.google.co.jp/ very strange and sinister.
I have to give you one up because I loved that game. It was a pretty unique game for it's time.
The only video game that the wife would play with me! Loved that game, I wish Electronic Arts would either release it to public domain or port it to Linux (or shudder, Windoze!) Watch out for those hungry Catbugs!
I feel that TD sometimes gets carried away, like the rest of us!
It's misinterpreted. The outrage isn't at the € but the bots that react.
Kinda like when someone tries to scare with a Boo! that you saw coming from a mile away. Err, sorry, kilometer for the ultra sensitive €-philes.
But ultimately... yes the BBC certainly speaks of Euro demise much more than the sterling being TP, let's all act surprised.
Surely thou doth mean 320 perches.
The Euro will outlive the dollar
Im surprised how much ZeroHedge is pumping the tires of the dollar regime by airing bad news for the Euro worse then anyone else, worse then Fox Business.
King Euro
THEY. ARE. ALL. EQUALLY. BROKE
What part of insolvent global keynesian regime is hard to comprehend?
The coverage is just not equal. Put up a LEAP2020 article once and a while....
Plus fundamentally the Euro IS less broke then the dollar.
-Eurozone is a net creditor with no trade deficit.
-Eurozone has more gold then the US
-Euro is worth more then the dollar
-The most broke state in the dollar bloc is California(biggest). In the Eurozone, the smallest state is the most broke..
'-Euro is worth more then* the dollar'
Yes, first the € is worth more then the $. They go back and forth all day, what's your point?
Its been worth more then the dollar since inseption basically.
The relative value means jack shit. The monetary base could be twiice as big, for starters.
well its not...
Global CB's hold way more dollars then Euro's
Well if you're saying that you get more than one Euro for one Dollar then surely the Zimbabwe Dollar is worth a great deal more than the Euro?
edit: scrub this, I'm confused.
What do you mean the covererage is not equal? This is not an article about which is 'better', the Euro or the USD.
If youre unhappy with the equality, then go start your own Zerohedge.
If you did a count, negative Euro posts would outnumber negative dollar posts.
Plus anytime a dollar bear is on, they always end by throwing their 2 cents in on the Euro bashing circle jerk.
The dollar will get its turn. What's the hurry?
You have a Fox News view of proper news coverage. Simply including two opposing views does not qualify as balanced. Don't be stupid.
It's FAIR and BALANCED, Goddamnit.
"You have a Fox News view of proper news coverage."
Fox News?? SERIOUSLY?
You working for Media Matters? Or just one of the sheep?
wretch,
Simply including two opposing views does not qualify as balanced(Fox)
Well at least it allows TWO opposing views.Who's better on MSM?
Putting on two opposing sides of an issue does insure you get double the lies.
So many things to reply to, but of all of those
Fucking LOL!
Gold is cheaper in Euros then it is in dollars. Been that way for a while.
I dunno whats so funny about that
Gold is cheaper in GBP than Euros. Remind me what your point is?
Check the Big Mac index for a simple lesson on relative value.
Um, re-read. The joke is dead you killed it. I believe "THAN" would have been correct.
Grammar nazi = killjoy
And maybe you should explain why it is "fucking LOL!". Is it because US is so big industrial power, or $ is reserve currency, or US military power is so potent, or US produces so much corn, or brain power of your gov, or Americans have the best banks, or they have the best infrastructure, or you are the main brain behind your assesment?
Because it's a stupid statement.
If I have 100 pieces of chicken, and divide them by 2, I now have 200 pieces of chicken. That does not mean they are worth more or less than a different allotment of 150 pieces of chicken.
Notional value alone means jack shit.
1000 Euros buys you more gold then a 1000 dollars
£1000 buys you even more gold. (I think I'm right this time?).
Therefore the £ is best (not).
OK you devided you chicken into 200 pieces and they should be worth half of the price, I follow you. But now explain your deep thoughts about "That does not mean they are worth more or less than a different allotment of 150 pieces of chicken." Is that 150 pieces of chicken allegoric name for USD? It hasn't been devided at all? What about that 150bln deficit every month? And high speed printing fullfilling all needs of your gov?
" Notional value alone means jack shit." that's right and ...?
The point to the chicken story is that what matters is the overall size of both allotments. Saying "1,000 euros buys more gold than $1,000" completely fails to take into account that you might actually have 5x as many Dollars as Euros. Or the other way. Either way, it's incomplete information.
compare nominal wages between both and u will see we are comparing apples with apples
No.
http://en.wikipedia.org/wiki/List_of_countries_by_average_wage
Be sure to back up any counterclaims with sources, or I'll have to consider it rhetoric alone.
not far off... just like i said
depends on the airspeed velocity of an unladen chicken.
an african chicken maybe but not a european chicken. that's my point.
but of course african chickens are non-migratory.
Do you mean cut a chicken into 100 pieces or 100 pirces of chicken because the latter is a lot more food.
Pernally, I think bacon is better than chicken. I can go tot he store and buy a package of chicken and it has what, maybe 4-8 pieces of chicken, but a package of bacon has like 20 pieces of bacon.
-Euro is worth more then the dollar
Basically saying that one syphilitic whore is slightly more expensive than another syphilitic whore.
Yeah but apparently he really loves the first whore, and she has fewer scabs, or something.
Stupid argument is stupid.
Its GLOBAL. The whole Keynesian System is done. Its just a matter of the 1%ers trying to keep it together long enough for them to de-leverage and save some of thier skin. Problem is, there is no safe place for thier money and gold is in limited supply..;)
Spitzer,
Perhaps, but big picture the U.S. has much more farmland, water, and military power.
The Soviet Union had the farmland, water and military too
You really are clueless Eliot.
LOL
"worth"...LMAO!
http://www.24hgold.com/chartimages/usGOLDn.png
and....
http://www.24hgold.com/chartimages/eurGOLDn.png
A tightly controlled default is inevitable.
http://www.youtube.com/watch?v=yJj3mERrEgA
Nothing changed? The DJIA went up by 30 points, and didn't give them back.
They have invented a perpetually rising equity machine, fueled entirely by rumours.
And thus killing itself by becoming ever more irrelevant each day.
"They have invented a perpetually rising equity machine, fueled entirely by rumours."
Nicely written. Nothing but words, ie the digital equivalent of HOT AIR.
I like that.
A zero followed by many zeros.
Robots have been programmed to ignore bad news.
What the hell, doesn't he know he needs to wait for 3:30 EST? Amateur.
stopler pointing at the scree "see guys...SEEE!"
The dollar is toast.
Too many bulls, waaay to many. Everyone including goldbugs, Austians, Keynesians or fags think the dollar is the best of the big currencies.
WTF Austrians, Keynesians, and fags? That's just terrible trolling.
Its true.
It doesnt mattter who you talk to.. THE DOLLAR IS THE BEST HOURSE IN THE GLUE FACTORY right ?? THE BEST CRACK SHACK ON THE BLOCK RIGHT ??
What kind of sentiment is that EscapeKey ? Sure looks like a lopsided boat to me...
Even though the Yen and the Euro are actually better fundamentally.
As Tyler points out, you seriously think that if one of the major currencies go, the others won't quickly follow?
Seriously?
You haven't done your homework, in case so. We're all in this together. The daily EURUSD, GBPUSD, USDYEN etc adjustments are the equivalent of the fat bowler doing his little jiggle before bowling.
Please just tell him he's right.
+1 LOL
"fundamentally"...LMAO...again!
The Australian Dollar is amongst the best really, since they have a net debt of around 7 percent. Or how about Brunei Dollars?
Regardless of the fags comment I also can't stand the implicit USA/USD love in all the attention devoted to the Euro's problems. The Anglosaxons are the biggest financial sinners and have been running paper scams for decades. The Europeans still have an industrial core. We shouldn't lose sight of those facts, even if the EMU is politically intractable.
Riiiiight yea the Asians and Africans and South Americans run such a CLEAN economic show and all, yea right.
The south Americans got taken to the cleaners by the US banks in the 80's. Asia got taken to the cleaners in 1997..
What are you talking about exactly ?
I really have no desire to be a judge in the 'Best Pile of Shit' contest. Thats my take on it all.
Yeah and it doesnt matter if Jim Rogers, Richard Koo or Barney Frank are on TV, they all say THE DOLLAR IS THE BEST PILE OF SHIT.
and then there's Au and Ag
Well, good for them and hope they all have good luck with all that.
I dont know man. Alot of people on line at the diner this morning were using dollars to buy coffee. Thats all the diner accepts. Am i missing something? If i told them the Dollar is toast, Their response would be.. Wrong, Three dollars is toast with butter on the side.
The same toast with butter that used to be $1, $0.25, $0.05? Yep, the dollar is just as solid as ever.
"Everyone including goldbugs, Austians, Keynesians or fags think the dollar is the best of the big currencies."
huh?????????????
tell me how many times do you go to the toilet every day and how many times do you ask yourself is the world coming to an end?
Roller coasters go up and down, just like the human pecker lets its rip from time to time, and its not the fault of your body its a natural function.
take it easy, relax.
Someone should take a firehose to these 'computers'.
Profanity + excessive bold text + ludicrous markets = hilarious
.
Wait... wait... has anyone thought of the possibility that they're using words in these statement that they KNOW will send the robots into a frenzy. Just take a glance at some of those words...
Progress...
Confident...
Sustainability...
Strong assurances...
Wait ... wait ... another .... rumor .... coming .... out ... for ... the ... bots... before ... close.
Any guesses as to what the 3:30 rumor du jour will be?
I'm thinking that today they pull out the big guns and announce that Cuba will be bailing out Greece. It's like, totally possible.
"Any guesses as to what the 3:30 rumor du jour will be?"
Whitney Houston and Michael Jackson Alive and In Greece Ironing out Austerity Measures With Troika"....
EUR is "less bad" than USD. There are too many USD around and believe me, the Chinese guys do hot like the USD. Obama is doing a great deal of work: he assures that there still will be much more USD coming...
http://www.guardian.co.uk/business/2012/feb/15/eurozone-debt-crisis-gree...
Another quaalude and the Euro she gonna love me again!
The Crisis in BUNDESBANK... the charts NEVER LIE...!
http://www.scribd.com/doc/81737383/Bundesbank-in-Crisis-Eurozone-Crisis-...
By the way... i have message for the Facility Men : - " SHOW ME THE MONEY "
PP
Dont you realize that HAL/Skynet is shutting off the oxygen supply aka taking over the markets ? This is to protect you of course !
Any wonder why everyone is piling into U.S. Fiat Paper like USDX and UST's?
because, you're an asshole.
That is a moronic, sophomoric personal attack...
that contributes NOTHING to the conversation, and made me laugh out loud.
[oops gave myself +1, so busy chuckling]
+10 Coffee snorting.
Because people like you always seem to get bullish at the top.
You have to love those robots. They haven't quite figured out how to program them to realize they are the sucker at the table and fold.
Pool to see when today's sticksave gets triggered. I got 3:30
Any attempted save today will just provide liquidity for sellers.
I think it just started...
3:46:15...precisely.
yeah...sure...that's the ticket...why not?
Wow, no stick save
It's 12:15 and the DJI is down over 115 .
I don't think Apeshit is making the sale...
It's 3:25 EST and management is going apeshit on the robot tenders...
"Turn off that $%!# machine before it loses us all of our money!"
"I can read 10,000 words a second, what do you mean I have no reading comprehension?
'Considerations'? 'Specifics'?
I was certain I read 'progress, confident, sustainability, extra, confident, extra, and assurances' in those feeds.
Please define 'apeshit', it is not in my database."
http://tec.nologia.com/wp-content/uploads/2009/05/robot-terminator-salvation-figura.jpg
I want to hear from Krugman!
Time for the RAMP in 3...2...1...
Proving paper money has huge intrinsic value. LOL.
To paraphrase the mayor of Terminis to his ruling council when threatened with invasion " Then," said Hardin, "you come to the conclusion that we must continue our intensive campaign of doing nothing." GBA and RICO and curses on all banksters, their hore politicians and disbar the entire current DOJ.
they trot these eurofucksticks out every day to pump the market. One day they should trot out Nigel Farage to tell it like it is
azzhatter
Can you see Farage and HANNON both doing a double team.
Two most sane Brits I have seen since Churchill.
EURO shorts with trailing stops got hammered by the spasm.
Clearly we just need to hack the Bloomberg feed and pump it full of fabricated bad shit. Of course that would just be a reason to BTFD.
"Throughout the whole of March the fall went on; and only in April did a rally come, when the European financial community, whose willingness to grasp at straws was still amazingly unaffected by frequency of disappointment, decided that the international conference billed to begin in Genoa that month might bring salvation."
This refers to 1922, and the hyperinflation crisis in Germany.
"When Money Dies", pp 71.
Kick the can is an old, old game in Europe...
Prop job on the ES. It won't be allowed to break yesterday's low.
Prop job on the ES. It won't be allowed to break yesterday's low.
We will be green again today. Even if we are not, I'm getting tired of this whole "Waiting for Greece" bullshit. We've been dragging this out for what? Two years? Why can't we move on? How is it that we can stay in this wierd Schroedinger's cat state in perpetuity when the information is publicly available?
83 can I get a 55 now please
NOTHING HAS CHANGED!
And even if they do come to an agreement, in 90 days, it will be back to theSOS.
Default for Greece is the only answer, for Greece.
The Banskstatel is the ones who MUST not alow it,otherwise we have several others coming that will eat their lunches.
Greek People!!!!!!!!!..........BE ICELANDERS!!