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EURUSD Free-Falling
EURUSD just traded under1.2150, down over 130 pips on the day. The question is - will wee see the ubiquitous rip-roaring reversion rally into the European close again? Rather notably this is as big a liquidity/break-up premium to its swap-spread-implied fair-value as we have seen since the peak of the crisis in mid November last year!
and the premium to swap-spread-based fair indicates a great a concern over break up as we have seen since the peak of the crisis last fall...
Chart: Bloomberg
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Fucking awsome, bloody muppets. Will we see reversion? Is the pope Catholic?
Thought the last bailout fixed that.......huh?
Guess not.
King Dollar!
And energy independant within 5 years to boot :))))))))))))))))))))))
bernanke said on wednesday he had news clippings from 2008 and 2009 about how wrong they all were regarding the collapse of the dollar,,,,,,,run for your lives
will we see reversion....haha...thats so cute.....ofcourse we will, currency markets influence more than just currency markets silly
Yes the dollar smells just as shitty as the euro; it is all fiat and done by decree. Nothing but IOUs this system is. DO away with this system:
Buy Silver!
That which has no counter party risk! That which keeps its molecular structure and stores its wealth, however its wealth is determined! Take the money supply back!
BUY SILVER!
Anyone who bought silver in the past year has had their asses HANDED to them. Buying it for TEOTWAWKI is one thing but buying it as an investment is a poor choice. Junk away.
They should have called it Icarus, not Euro.
Anyone else notice a slight decoupling of silver from gold this morn? They normally chart in tandem.
"one thing but buying it as an investment"
Hahahaha, good one.
I don't know - I bought 40 oz of silver over the last year - price average, premium included, 33$ per - and I still have exactly 40 oz. It feels like a rather stable vehicle, doesn't it?
Your problem is that you think of silver as a speculative investment - but those who do understand silver see it as a safe storage vehicle for accumulated wealth. These are 2 very different purposes which by definition are polar opposites of each other.
Negative ghost rider. I bought it for end of the world and trading purposes if shit breaks down along with lots of ammo. As an investment not so much. That's my point. As an investment it is not a sound choice.
Buy low......
... and don't sell (unless if you really fucking need to)
FYI Saudi Arabia's domestic oil consumption has doubled in the past decade. It is rising exponentially.
Countries may become oil independent in a way they may not prefer. If there are no oil exports to buy, then you are independent.
In light of the Olympics, I would like to introduce a new event - Can Kicking. We have already seen the exposition phase ofthis event introduction, so to bring it into the fold of the golbalist games is the logical next step.
I can see it now, audience members cheering on their respective central bank and their can kicking ability. The good thing is that no amount of dexterity is needed, as old white men have been can kicking for a good forty years now.
I like it. My only suggestion;
All bankers and government monetary "experts" are forced to play, the losers are publicly executed by guillotine.
GAME ON!!!!!
And the winners probably need a tar and feather treatment too.
Can we dip the top three in molten gold, silver, and bronze?
If I could up arrow more than onece I would.
I think there should be something "Hunger Games-esque" for the losers instead of just the plain ole' Frenchie - something to keep the kids interested like.
How about another introductory sport for the London Olympics?
Cliff diving
Can kicking? No one can bend it like Bernanke!
Priceless!
http://www.youtube.com/watch?v=q395-F6hAcg
Same thing -
Our politicians own the real world record.
jb
Yes. Groundhog Day...
Like clockwork, London session handing it over to NY session, a few more dips, and then an EOD rip to burn the sheep shorting under 1.214s
The best they will get today, is a 38.2% retrace.
Answer: Most likely.
Selling off to cover those Chipotle losses...
Chipotle loses bring on visions of diarrhea.
Have you tried Chipotleaway? It gets the bloodstains out of your underwear.
eur/aud gives new definition to beating someone while they are down!
Somehow i think that wont happen today.
i.e swiss 10yr in 7.6% and Germany in 4.1%...til take a brave man to go all in now. Nothing wrong with scalping the bottom though.
teh eurozone is on fiya!
Reversion? We dont want it... from this side of the world. Its good for our exports... to you!
Keep paying the bills guys!
Kind regards from Europe
And we are down less than .5%. Free markets. Right!
Are you saying that ANOTHER rate is being manipulated by libor-ing bankers in Europe?
I bet the Fed does nothing!
None of it matters. We will probably close green on the day on no volume.
Chin up son.
Why would Spanish and Italians want to leave from eurozone when it is nicely providing a devaluation? Spanish export sectors hit the all time record this March. And Americans are once again shorting eur-usd aka shorting themselves until turning blue.
you are being sarcastic right;;))if devaluation is such a good thing, why dont you exit;;))
In the export sectors devaluation usually help a lot and in the US this euro devaluation makes even harder to close the trade deficit. Airbus vs. Boeing for example, who is going to win now more orders...Airbus.
Uh - Airbus wingspar problems ain't gonna go away if the Euro devalues - there are quality/production/reliability issues and problems with the 370 that actually matter a hell of a lot more to purchasers than the value of the Euro on any given day or month.
aka "If it ain't Boeing, I ain't going."
What a bunch of bullshit. That problem has been solved already.
Strong dollar will pull us out of this great recession.
[sarc]
Not saying this is how I want it to go, but today (lit tomorrow) is options expiration, so given the dominant short interest and the historical precedent, seems likely EURUSD and equities in general will shoot way up sometime today (to squeeze out the shorts).
An agent of the Swiss Nat Bank selling I'm told
Ugh, what's taking so long. Re-test the 1.20 already.
Prepare for the intervention.
The Euro is around 120, but well off its historical low in 2001 of around 80. When all is said and done, the Euro should be worth less than it was in 2001.
And since the USD index is 58% weighted in the Euro, the USD is likely to rise over the long term.
http://bullandbearmash.com/index/usd/monthly/
IMHO the fair value of the Euro is ZERO. The fair value of the USD is double the euro. Our turn on for going over the cliff will be after financial elites finish their orderly liquidation of the eurozone.
Peter Schiff must be puking up blood.
S & P 500 and U.S. Treasuries screaming to new record highs in Europe today.
http://www.wallstreetbear.com/board/view.php?topic=103615&post=377178
What no mention of LULU today. 80 to 56 in blood puking, blow torched record speed.
No mention of Chipotle either.
Classic projection.
Hey Robo, how's yer CMG long position doing? Great call!
Someone hurting badly for dollars. Never good.
Actually, someone is pumping USD into Euroland. There may be panic in Italy and Spanish debt, but the rest of Euroland is not hitting the panic button just yet.
BTW, wonder if this has anything to do with the last G20 meeting. It's as if a back door USD funding facility was openned up to Euroland.
No one is hurting for dollars. This is too many dollars all jumping around and making bets. Hyperinflation causes volatility--Especially in this leveraged freak show of a derivatives based market. But some people need to see the solidification of real asset prices to understand real fear, the bursting of fraudulent inflationary reservoirs, and the endgame. You will see it soon enough.
The only reason USD is stronger is b/c, as PIMCO put it, "It is the cleanest dirty shirt in the bin".
YEAP THE FBFL CENTRAL SWISS BANKERS ARE GETTING READY FOR THE WEEKEND..WATCH THE GBP.EUR
yup. With Italy, Greece and Spain 10 year sov yields spiking, this is a logical outcome.
IGGY POP!
http://confoundedinterest.wordpress.com/2012/07/20/approaching-the-zero-bound-euro-dives-igs-yield-rise-10-year-treasury-yield-declines-mortgage-rates-to-follow/
And I'm free, I'm free fallin'....
....I wanna free fall out into nothin'
Gonna leave this world for awhile
And I'm free, I'm free fallin'
Something about the guilt one feels that makes one do the same bad behavior again and again, to feel that bad feeling that feels so good, because the guilt has that piquant self-pity that lends itself so exquisitely to the fulfilment of one's deepest need for self-destruction...
IS THAT WHAT'S REALLY GOING ON?????
Oil is barely falling, stocks indexes are holding on.
I wonder where the stairstep algo will show up today?
Chipotle is only managing to fall to beginning of the year levels. It need to be cut in half from here to wipe out the two year QE momo insanity run the stock went on. $415 for a fucking burrito chain?
People will look back at this period and compare Chipotle, LULU, and the rest of the momo basket to Pets.com.
don't forget CRM. CRM's market cap was nearly double CMG's before today's CMG drop. At least CMG makes money! I can eat a burrito but I can't eat a cloud. The only cloud that CRM is creating is the mushroom cloud when that finally crashes.
Anybody who looked at the post yesterday could see the money to be made by playing those trends. Now that the cat's out of the bag and the dumb money can follow the trade the rules will be changed, count on it.
There are some trades that can't even be frontrun by GS themselves.
Assumption you're making is ZH posts are read/knowledge disseminated to enough of percentage of traders as to change trends overnight. What evidence backs up this assumption? Not fighting, just honestly curious...
Free falling.
Have to love videos of videos. Music is fine.
http://www.youtube.com/watch?v=5gqT6En2O78
"Cause I'm free.............freefallin!!!!!111"
EURUSD signing Tom Petty at a karaoke bar.
Somebody forgot to program the robots today.
Shorted the EUR/USD @ 1.2240...stop at 1.2220 (douchebag buying dickhead profit stop).
Target....1.1875......
Your welcome
flashcrash?
http://expose2.wordpress.com/2011/11/20/a-voice-from-the-dark/
Timber!