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EURUSD Collapses On Report Eurozone Considering Delay Of Greek Bailout
And scene.
- EURO ZONE FINANCE OFFICIALS CONSIDERING PROPOSAL TO DELAY ALL OR PART OF GREEK BAILOUT YET STILL AVOID DEFAULT-EU SOURCES
Yes: Europe suggests it may be best for Greece to be partially pregnant... er, in default. But all will be "controlled" - promise. We were a little generous in our estimate for the halflife of the Chinese bail out rumor. Either way, EURUSD plunging down to under 1.3070 on the news.
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Kreditanstalt is a country.
Tyler, please have a look at
http://www.reuters.com/article/2012/02/08/us-germany-jobs-idUSTRE8170P12...
Dark side of Germany's job miracle
Spain and Portugal have indeed "borrowed heavily from Germany." And Nigel Farage rocks as well! GO DEMOCRACY!
I am shocked! The Greek problem isn't solved? BTW-I have been obsessing over Spain for years (ever since reading a description of the Spanish property market and failure of the banks to write down anything. Santander rocks!)
LOLDAILYROTF.
This shit is beyond hilarious.
I would love to see the schedule and script of the alternating Greece baillout story that's being utilized like a bad Broadway production.
Repeat daily, but change it up and throw in some exotic twists on the weekends.
It's almost as if the fractional reserve banksters want to get mileage out of rumor mongering as they've drowned themselves (and everyone else) in a liquidity pit and ate thus hamstrung in terms of actually being able to do something to save what is an inevitably doomed Eurozone using a common currency. /s
Get the shit show over with, burn down PIIGS=France and the dissolve the Eurozone, and let Goldman Sachs, JP Morgan, and whomever else is a lieutenant for The House of the Red Shield collect in a million ways on derivative bets that they 'win' by extracting the money to pay them from the taxpayers at large, just like with TARP/TALF/QE/TWIST in the U.S.
Ahh the good old days. Look at the location shots in the background and the number on the dow. Anything changed since then? Also, interesting to hear cramer talking about the need for a default...
http://www.youtube.com/watch?v=86g4_w4j3jU
Excellent read.
Ontario, Canada's min wage is $10.25 compared with the US at $7.25.
I was floored the read that Germany had no min wage, if I understand correctly the social programs (government) make up the difference (to bring keep the working poor from starving or being homeless).
It almost seems like a form of "Corporate Welfare", government subsides labor. It helps to explain why the exports are competitive, the companies are not paying the true cost of labor.
For a long time, $1 CAD was worth ~$0.65 USD, so the higher wages after conversion worked out about the same. Since we have public healthcare in Canada and companies don't need to pay for many of the things they do in USA, even at $10 / hour it is fairly competitive.
Besides, most manufacturing jobs pay much more than minimum wage. Call centers used to be outsourced to Canada from USA when wages were ~$7 per hour at <$0.85 conversion, but now that has largely moved overseas to the Phillipines, Guatemala, etc.
Tyler, R E L A X and D E T A C H for a sec.
Don't jump to conclusions!
Don't make any hasty money-losing moves ;-)
I think you need some tutoring, Tyler, for your trading record must look rather awful!
Not to worry: "Growth is slowing, but it’s slowing at a slower pace than expected."
http://www.marketwatch.com/story/europe-stocks-rise-on-earnings-chinese-confidence-2012-02-15?link=MW_home_latest_news
Before you know it, a positive 7th derivative will be a reason to rally. Or perhaps we're already there.
Oh we are there!
@Randall Cabot
Return of the Better-Than-Expected Second Derivative!
Fortunately, we just posted a massive beat on the SNAFU index. Time to go long adult diapers.
Bwahaaaaaa! What a phucking circus.
Look at that 10Y fly as the EUR falls off a cliff.
The World's Top 5 and 5 worst elliotticians
http://www.wavegenius.com/2012/02/09/my-list-of-the-top-5-elliotticians-...
WTF is going on. How can you delay and with a bond payment due March 20th. Why not just tell them you are letting default the old fashion way. HARD
It's not dead! It's resting.
I'm getting better.
I think I'll go for a walk.
Your not fooling anyone.
Going all as planned I see, wow.. so predictable. I knew I should have opened up that FX account.
DXY to triple digits.
The ramp above resistance in the futures is looking weaker and weaker.
Like it was said before. Just wait till 3:45pm.
Soap operas don't have this much drama or twists and turns.
You need to switch to Brazilian soap operas.
QUICK, Spread rumor that Buffett is about to buy Greece!
Bye Europe. It wasn't very nice knowing you, you bunch of dinosaurs.
federal finance
http://www.shtfplan.com/headline-news/the-collapse-of-america-in-raw-num...
"Euro Collapses..."
Its flat on the day..
(One day it WILL collapse, I wonder what descriptor you will use then)
If your trading a FX account that's a helluva lot of money in short time.
HOORAY! (there's always new money...and once its devalued you can't print with impunity anymore moron.) now what's the name of the huge French cement maker again? La Farge?
Dropped 120 pips from the high though.
what's the low side conjecture? 1.25? 1.20?
We'll get there but there will be more sucker rallies.
Would love to see how many "rumor rallies" in PIPS the asshats have coordinated since this Greek farce began. C'mon quants, entertain me por favor.
http://vegasxau.blogspot.com
Absolutely everythinig is in place to implode the market today. You could not ask for a better set up as a bear. Here is your silver platter.
Oh...just one thing missing...the Robo top tick [although he may haver performed that service on the overnight].
which one? we're up over 10 percent on the year already...
http://www.youtube.com/watch?v=vxbbUUdOmzM&feature=player_detailpage
Long live the buy stop and the sell stop!
arent u the genius that declared an epic short squeeze sunday night
My speculation is getting to be proven a little bit every day.
Until they attack Iran, they will be stop and go with Greece.
So going from ..1.315 to 1.309 is a collapse? I live n learn the day trade jargon!
from 1.33 it is--which is where is was just a week ago. And "the monster money is long euro." I'm not arguing you should trade against the monster money...although our very own Bruce is here...and he's honest enough to talk about the hits he's taken btw. I would say this: "no one is talking euro 1.60 anymore." Sentience is ability to rise above the self--to think as only a human can--and trade to win accordingly.
with all the humility of a non day trader, who partakes of your daily rations of thrillas on the roller coasta of currency and asset class movements here at ZH academy, I do declare in my relative ignorance of psycho gut feeling urge, sixth sense surge, and past chartist trendomania splurge, in my ability to predict when and where the currency drop or spike will end. It is like knowing when my other half will tell me our bank account is at zero! Its falls when it does, like Zeus's thunderbolt. As its she, who is the main trader of its sustainability. I only know whats what when its all spouted out in the form of a new hand bag or a trip to a place whose name I'll never remember, just the monumental bill of its ephemeral splendour.
Now to come back to never never land of 1.60 EuroUSD hike, it's like asking me to spike at the smooch of a dyke at her socialite, cocktail polite. I stay neutral and cocktailed and hope she wont have cuckolded me by drowning my sweetie in her dyke soup. I long beijing duck.
Did you mention "collapse"?
Mortgage applications down as purchase demand fallsWow big suprise there. You mean the 10 houses on my street have had for sales signs for a year is NOT becuase the market is so hot that they are holding out for a bigger offer?
15-02-12= 6(1+5) 6 (2*1+2) 6 (15-12*2)
You need to allow for a low believeable entry point for your manipulation. The rumors of the day have all been planned, each one timed for maximum effect. There will be some weak rumors and strong rumors. The market will be allowed to drop at open, then a weak rumor to send it up 20 points at 10:30. That rumor will be refuted at 10:45 causing a drop. At the Euro close the rumor of a pledge to fix something will hit the wire causing the great .5% 11:30 rally. The afternoon will see relative calm allowing the market to float higher on no volume. Around 3:00 a rumor of an even bigger rumor hits. 3:30 the mother of all rumors hits, sending the market up 1%. That is if the market follows the same pattern laid out all year.
Manipulation must be planned. All of this has been planned to maximize profit for those connected enough to know. The day of the actual Greek default has probably already been planned for a few years now.
Dramamine please!!!!!
Hilarous how the QQQ is sitting at 10-year highs and the 10-yr. yield has completely crashed down to 1.93%
Hands down the greatest financial miracle ever seen. Bernanke has been able to sky stocks, create a huge "wealth effect", made many PigMen fantastically rich.
And at the same time pile on huge debts and drive interest rates down so low that Uncle Gorilla's borrowing costs are next to zero.
With the GDX/GLD ratio plunging to 3-year lows, inflation expectations are zero.
He will be hearalded and paraded in Economic textbooks as a superhero for the next 100 years.
At least for the "priviledged class".
BRAINS!!!!!!!!!!!!!!!!!
Robo, I think I need another cup of coffee (or something, maybe I read it wrong), I concur with your post...
Lol, i read it twice before giving it the green.
Thanks Robo.
Cycle complete, the male wilder beast now returns to propagate the herd.
i hereby hearald him an asshat...but then again i am a soverign terrorist serf
i hate to say i'm actually aggreeing with this ludicrous statement. But i really am now...i really am. What can i say? "I'm the lesser of two weevils."
how many years did did madoff get...ben should get 100 times more for the ponzi scheme hes running
Greek politicians are running scared about default as that will rock their paypackets and their authority. Europe knows this and is making them crawl the last 100 metres over broken glass and through razor wire so as to secure the best possible deal for themselves before they asset strip Greece.
Europe wants Greece secured and under their control. They don't want a template created by this bailout that is followed by the rest of the soon to default countries. So, this tactic is to allow the Greeks and their gov't to experience what a default will be like in the early stages (which is the worst of the impact) in a gambit to drive them to capitulation without the risk of CDS triggering. If the Greeks hold tough and realize that they can power through the default and come out the other side stronger and in control of their destiny then they will win the day. The problem is that the EU fellows intend to make it as tough on the Greeks as possible so that no other country attempts to break free. That means they will intervene in FX markets and Oil markets and every other damn thing to make this a miserable experience for the Greeks. That, IMO, is the reason for the delay in funds tactic.
they are secured....they implemented their own to run the country and if the mp's didnt agree with him he fired them...
Is there such a concept of "Terminal Bullshit"? Like the point at which more bullshit doesn't move the market at all?
Good thought.
In other news:
Iran will boycott oil exports to: Greece, Spain, Italy, Portugal and The Netherlands....
That useless son of a bitch who is the President of Greece has finally been shamed into giving up his $365,000 salary. He finally realised that there was something wrong in asking for the Greeks to put up with austerity when many people of his age get a yearly pension that equates to his weekly pay packet.
If Europe wanted Greeks to fall into line they should have first pulled the parliamentary fat cats into line and checked them out for improper enrichment through public office. Instead they showed how tought they are by screwing pensioners and ordinary wage earners.
Politicians EVERYWHERE will NEVER give up their perks to get the ball rolling. There really is no difference historically - the kings and their friends stay rich and the peasants can starve for all they care.
whats the difference between him and obama...both fucking con artists that dont have a fucking clue.....whats sad is Obama could have gone into power think " I am the first black president in the history of the US and I can prove hundreds of years worth of predjiduce thinking incorrect". Its about my legacy rather than my pocket". "I have 4 years to prove blacks are more than capable and that i cant be bought by special interest (ie banks) and the fucking idiots before me (all white) were scam artists". But no leave it to him to fuck it up care about himself and his re-election and fuck the little man...what a dick.
fed is buying euros in the open mkt....otherwise why is the dollar so weak???? look at euro vs every other currency its getting crushed but eurusd hardley down and at one pt after this news was up...fuck ben
The desk next to the "Plunge protection team" is the "Keep the USD in the shitter team" :)
Is there any doubt that it's all about a week dollar for these muppets:)))
Well,
sugar & whiplash.
Would that be something new , at all ?
Tough - looks like more whiplash at the moment.
I'm no expert on market terminology, but is drop of less than 1% really a "collapse"?
How far off is stopler from going 9/9?