Euro Tumbles As JPM Predicts ECB Rate Cut To 0.50%, "Deep Euro Area Recession"

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Wed, 11/23/2011 - 11:10 | 1906693 Gandalf6900
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ah yes genious, keep up the great work, you are earning all the gratitude of europe

Wed, 11/23/2011 - 11:22 | 1906754 BaBaBouy
BaBaBouy's picture

This is not a Crisis ...


It's a DEBACLE ...

Wed, 11/23/2011 - 11:27 | 1906772 Carlyle Groupie
Carlyle Groupie's picture

You can't eat a 0.50% Rate Cut!

Wed, 11/23/2011 - 11:38 | 1906809 DaveyJones
DaveyJones's picture

I love a lean cut

Wed, 11/23/2011 - 12:02 | 1906898 Richard Chesler
Richard Chesler's picture

Long live the eurDoh!


Wed, 11/23/2011 - 11:29 | 1906784 kito
kito's picture

not yet. the dow jones sheep-a-meter is still above 11,000. all it needs is one hint of a promise and bam, back to 12,000. finally my DOG shorts have been paying off. im nervous to keep the position open too long. the dow momo rocket is just waiting to blast off again...........

Wed, 11/23/2011 - 11:42 | 1906824 NumberNone
NumberNone's picture

Market tanks every time Obama speaks...tanking now on the Turkey Pardon speech. 

Wed, 11/23/2011 - 11:47 | 1906850 The Fonz
The Fonz's picture

momo's need profesional money to ride and without a solution with enough duration to make it worth the month of time it takes to get back in and then back out and enought time between to make a profit I don't think they'll be back in force. Half way measures won't be enough for them to get their fat asses in long enough for a profit. I do see professional money moving into gold sometime soon though. I wouldn't mind that one going momo :P

Wed, 11/23/2011 - 11:55 | 1906871 DCFusor
DCFusor's picture

A floor trader talking on BBerg this AM mentioned that everyone - particularly the big houses - is getting together dry powder for later.  Add to that the performance anxiety, and yes, I think you're right.  The market "wants" to go up, even if on fumes and hopium, and the money is gathering, looking for the right place and time.  There's been plenty comment here about that one already.  The question is "when".  I'm going to close most of my open trades today, most likely, including the very nice looking shorts, and at least get as net-neutral as I can, and have a nice weekend.  It's easier to get burned on shorts it seems, so taking some money off the table seems wise.

I'm willing to have some "opportunity costs" over the weekend, my US fiat won't collapse that quick.  Better that than to watch the nice green profits on my shorts go poof I think.


Wed, 11/23/2011 - 11:30 | 1906786 BandGap
BandGap's picture

You meant genius, correct?

Wed, 11/23/2011 - 11:10 | 1906694 Undecided
Undecided's picture

Bush and Blair found guilty of war crimes


Well its a start

Wed, 11/23/2011 - 11:14 | 1906715 GeneMarchbanks
GeneMarchbanks's picture

Yes. That's relevant. Uhhh ... thanks.

Wed, 11/23/2011 - 11:16 | 1906719 TruthInSunshine
TruthInSunshine's picture

"Deep Euro Area Recession" = JPM Wankin' F**kin' Banker talk for Depression

Wed, 11/23/2011 - 11:21 | 1906746 Manthong
Manthong's picture

Al least we don't have anything to worry about here.

According to Bloomberg this hour "US Stocks Slump".

A little slump isn't a problem.

Wed, 11/23/2011 - 11:55 | 1906867 Spastica Rex
Spastica Rex's picture

The US makes its own reality. Real reality is for Greeks and Euro-fags.

Just Do It.

Be like Mike.

You're worth it.

Wed, 11/23/2011 - 11:42 | 1906827 Caviar Emptor
Caviar Emptor's picture

1930s: Great Depression

2010s: Deep Depression

Wed, 11/23/2011 - 11:36 | 1906804 Undecided
Undecided's picture

So what you are saying is the past military spending has no influence on our current Monitary situation?

Wed, 11/23/2011 - 11:44 | 1906836 DaveyJones
DaveyJones's picture

history books get it

Wed, 11/23/2011 - 11:12 | 1906702 Ethics Gradient
Ethics Gradient's picture

edit: my comment was mentioned in the article. I'll shut up.

Wed, 11/23/2011 - 11:16 | 1906706 GeneMarchbanks
GeneMarchbanks's picture

Cue Draghi...

Good luck to Hendry collecting on his CDS or synthetics or whatever...

Wed, 11/23/2011 - 12:05 | 1906910 kaiserhoff
kaiserhoff's picture

I'll drink to that.  Who knows what will pay off or what firms will still be open in the new year?

Wed, 11/23/2011 - 11:13 | 1906711 MFL8240
MFL8240's picture

JP Morgan is a criminal enterprise and should never be trusted.

Wed, 11/23/2011 - 11:36 | 1906802 LouisDega
LouisDega's picture

Never had an issue with them. They were there when my tire popped and i needed a tow plus other emergencies. My Chase Mastercard never once refused a favor. I never had to deal with their darkside ( Yet)

Wed, 11/23/2011 - 13:17 | 1907226 Bansters-in-my-...
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Get off your knees.....Bozo.

Wed, 11/23/2011 - 11:15 | 1906716 Matt1973
Matt1973's picture

Parity bitches

Wed, 11/23/2011 - 11:16 | 1906722 Sockeye
Sockeye's picture

So bond/bund rates going up and policy rates going down? Seems pretty logical to me, NOT!

Wed, 11/23/2011 - 11:16 | 1906723 RobotTrader
RobotTrader's picture

All the boys on King World News must be puking up blood.

Dollar surging to new highs, all commodities across the board getting smoked.

Muni-bonds and Treasuries still rock solid, hardly any volatility whatsoever.

New highs for the move on TLT and MUB.


Wed, 11/23/2011 - 11:20 | 1906738 Josh Randall
Josh Randall's picture

Happy Thanksgiving RoboTrader -- here's to being thankful for your hindsight disguised as brilliance

Wed, 11/23/2011 - 11:20 | 1906745 magpie
magpie's picture

I'm good, Brussels Lira burning faster than PMs can drop.

Wed, 11/23/2011 - 11:22 | 1906753 Matt1973
Matt1973's picture

Doug Kass must be puking

Wed, 11/23/2011 - 11:46 | 1906842 Caviar Emptor
Caviar Emptor's picture

o yeah. He went very public

Wed, 11/23/2011 - 11:25 | 1906767 the not so migh...
the not so mighty maximiza's picture

its Miller time Robo

Wed, 11/23/2011 - 11:38 | 1906810 stormsailor
stormsailor's picture

and bac about .18 away from breaching the 5.00.  once that happens i think we will see a "fuckarow hoedown"

Wed, 11/23/2011 - 11:47 | 1906849 SHEEPFUKKER

Have a look at the debt clock my friend.  That's my leading indicator. 

Wed, 11/23/2011 - 11:56 | 1906874 Carlyle Groupie
Carlyle Groupie's picture

And to top it all off some idiots are actually excited about Bachmann. Lolz.

She stinks like a 881 pound tuna! Last thing we need in the Whitehouse.

Wed, 11/23/2011 - 22:02 | 1909159 Use of Weapons
Use of Weapons's picture



Paid Troll - blocking in effect.

Wed, 11/23/2011 - 11:56 | 1906876 tmosley
tmosley's picture

78.92 is a "new high"?

You really do have the attention span of a gnat.

Wed, 11/23/2011 - 11:57 | 1906881 Spastica Rex
Spastica Rex's picture

U buying dollars today?

Wed, 11/23/2011 - 12:20 | 1906969 Mr Lennon Hendrix
Mr Lennon Hendrix's picture

I have physical PM right in front of me and I do not care what its determined price is.  It is what I want to invest in at this price level.  $30 silver sounds great to me.  Let's keep it here for a few months so I can keep stackin'.

Wed, 11/23/2011 - 13:05 | 1907183 e-man
e-man's picture

And that would be because all the folks at King World News typically have a 4 minute investment horizon, right?  Complacency bias seems to be all you got, Robo.

Wed, 11/23/2011 - 13:20 | 1907241 Bansters-in-my-...
Bansters-in-my- feces's picture

"dollar surging to new highs"........


Are you drinking in moms basement again....???

Wed, 11/23/2011 - 11:22 | 1906724 GMadScientist
GMadScientist's picture

Will they understand even when Draghi is picking up Bunds (and other offal) by the 10B at 3% for lack of a bid?

Or perhaps they'll "stand strong" (teaching EZ sleazies a lesson each time) and I'll get to buy that castle I've always wanted.

Wed, 11/23/2011 - 11:17 | 1906728 jcaz
jcaz's picture

LOL- yeah, that's the key move- will solve all the problems.......

Wed, 11/23/2011 - 11:19 | 1906739 magpie
magpie's picture

If it doesn't have any bearing on rising yields, it won't happen. (Hint: Draghi "supporting" Italy with the previous one.)

Wed, 11/23/2011 - 11:20 | 1906740 JSD
JSD's picture

DB is next.

Wed, 11/23/2011 - 11:38 | 1906813 GeneMarchbanks
GeneMarchbanks's picture

Long time acomin' for that shitshow...

Wed, 11/23/2011 - 11:47 | 1906847 Caviar Emptor
Caviar Emptor's picture

DB toxic dumpsite will be declared off limits for 200 years

Wed, 11/23/2011 - 11:20 | 1906742 pmcgoohan
pmcgoohan's picture

At last, the EURUSD/SPY correlation working in my favour

Wed, 11/23/2011 - 11:22 | 1906752 topcallingtroll
topcallingtroll's picture

Doesnt matter what the euro does now, rise or fall.

The dollar will increase its market share.
All hail King Dollar!

Wed, 11/23/2011 - 11:41 | 1906816 LouisDega
LouisDega's picture

Is that you Tom O'brien? Is this me?

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