EURUSD Retraces Entire 'Bailout' In 3 Days

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Mon, 10/31/2011 - 15:32 | 1829469 HelluvaEngineer
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bearish harami, bitchez

Mon, 10/31/2011 - 15:39 | 1829510 slaughterer
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S&P is downgrading France after the market closes today. 

Mon, 10/31/2011 - 15:41 | 1829518 Irish66
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Is that bullshit...or the truth

Mon, 10/31/2011 - 15:42 | 1829529 trampstamp
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Let's hope so. I thought Friday so we'll see

Mon, 10/31/2011 - 15:50 | 1829549 CClarity
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Long end Treasuries are signaling a problem.  30 bp move in 30yr since Thursday when hit 3.44.  The pretend part is falling out of the pretend and extend equation.

Mon, 10/31/2011 - 15:53 | 1829557 TruthInSunshine
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Off Topic (and reposted from last thread - b/c it's that good/bad) and if you like The Bernank and despise Ron Paul (yes, you would meet the DSM criteria for sociopath, if so), look away:


10-31 14:59: The Fed failed to fully document authority to rescue AIG (AIG)


But hey - it's all good; Goldman, JPM, Barclays, HSBC, Buffet/Munger, and many, many others with CDS winning bets against the derivative department of that world renowned insurance giant, AIG, all GOTS PAID IN FULL, courtesy of the U.S. Taxpayer (i.e. forced, involuntary bloodletting to the tune of 202 billion - just for AIG - and counting).

The Federal Reserve Bank, under the tutelage of The Bernank, William 'iPad2 is delicious' Dudley, and Brian 'Charity Unto JPM & Goldman' Sack (not to mention current Treasurer of the U.S. and former head of the NY Branch of the Federal Reserve) - corruption like we've never seen before, bitchez.

Mon, 10/31/2011 - 15:53 | 1829560 dwdollar
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Sigh... back to the "can't let the DOW slip below 12k" game. This shit gets old.

Mon, 10/31/2011 - 15:55 | 1829567 TruthInSunshine
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From the department of LULZ:


10-31 15:35: US Treasury says increase in Oct-Dec borrowing due to lower receipts


Green sharts!

Mon, 10/31/2011 - 15:51 | 1829550 homersimpson
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It's nice to be on the good side of a FAZ bet for once.

Mon, 10/31/2011 - 16:01 | 1829594 Stax Edwards
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Considering getting short FINS here also...haven't pulled the trigger

From the broken markets dept:

100% of S&P FINS trading above 50 DMA

Mon, 10/31/2011 - 16:01 | 1829593 HelluvaEngineer
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FAIL: DOW 11968

Mon, 10/31/2011 - 15:33 | 1829470 SeverinSlade
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Listen to Cramer and buy this fucking dip.  Hedge funds have to get into this market right...RIGHT?!?!

Mon, 10/31/2011 - 15:38 | 1829489 Cdad
Cdad's picture

Oh yeah,'s a lock.  Never mind the capital pouring into overpriced treasuries promising returns of nothing.  Pay no attention to the man behind the curtain.

You gotta buy peak earnings, baby!

**BlowHorn:  "The weather is getting cold...people have to buy coats."  Just in case you were wondering about the inevitability of forward joy joy in pixie dust earnings land...there you have it.**

Mon, 10/31/2011 - 15:39 | 1829513 HelluvaEngineer
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I was just gonna layer all these damn yoga pants I bought.

Mon, 10/31/2011 - 15:42 | 1829527 Cdad
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Man...that's tough.  Lots of layers to pull that one off...but you look HOT HOT HOT!

Mon, 10/31/2011 - 15:42 | 1829528 SheepDog-One
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MINK coats at that, no doubt!

Mon, 10/31/2011 - 19:13 | 1830045 Ronaldo
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Sure, there is a Bull Market somewhere. In this case it might be in Spain where they will butcher them bitchez for dinner!!!!!!!!!!!!  Beef Anyone?

Mon, 10/31/2011 - 15:33 | 1829471 Irish66
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Mon, 10/31/2011 - 15:39 | 1829514 NOTW777
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1.3938ish possible neckline gone and oct 4 trend broken

Mon, 10/31/2011 - 15:34 | 1829474 The Axe
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That is so crazy shit....Where the fuck is ROBOT  I got so US. Steel to sell

Mon, 10/31/2011 - 15:34 | 1829476 Timmay
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This bores me...

Mon, 10/31/2011 - 15:34 | 1829477 Black Forest
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EURCHF knocking on heaven's door 1.20 soon

Mon, 10/31/2011 - 15:34 | 1829478 junkyardjack
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What this market needs is another rumor.  Can Thailand bail out the Euro?

Mon, 10/31/2011 - 15:35 | 1829481 SeverinSlade
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I heard FT say that the 5th dimension called Merkozy and said they have plenty of cash.

Mon, 10/31/2011 - 16:00 | 1829584 LeBalance
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that's credible!  I can see the funding source as well.

"When the moon is in the seventh house,

And Jupiter aligns with Mars...." << (this is the 5th D you were taking about, right?)

makes much more sense where the backing value is than....

"We have a plan to make a plan about a plan."

!!! We are saved !!!

Mon, 10/31/2011 - 19:25 | 1830076 DeadFred
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BoJ spent 10 trillion yen last night but ran out of gas and couldn't keep the peg

I wonder if the excess $$$ went into the spikes in other currencies like the GBP.

Mon, 10/31/2011 - 15:35 | 1829479 lotusblue
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Look out below

Mon, 10/31/2011 - 15:36 | 1829483 FunkyMonkeyBoy
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... But i thought there were still too many on the EUD/USD short side of the boat that needed to be squeezed some more?

Mon, 10/31/2011 - 15:41 | 1829520 Jim in MN
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"Don't squeeze the Charmin once it's got shit all over it"

Mon, 10/31/2011 - 15:42 | 1829524 EL INDIO
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Here are some possible raisons for this:

1. The cot report did not include the big up day;

2. There are shorts which were established at higher levels;

3. Shorts at low levels could have been covered then re-established at higher levels;


Conclusion: COT reports not very usefull.

Mon, 10/31/2011 - 16:03 | 1829606 LeBalance
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Shoot for the heart, Indio!  Always the heart.  Aim for the heart.

I salute you, brave warrior, for attempting to find causality in some corner of the asylum.

Mon, 10/31/2011 - 17:58 | 1829864 EL INDIO
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I salute you too LeBalance.

Although in the movie where Clint tells me to aim for the heart I'm Ramon not Indio. I also kill lots of Mexicans and Americans to take their Gold.


Mon, 10/31/2011 - 22:48 | 1830641 smiler03
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Get a room

Mon, 10/31/2011 - 15:43 | 1829531 SheepDog-One
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Looks like the shorts called the bluff, and win.

Mon, 10/31/2011 - 15:36 | 1829486 Matt1973
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Just as all the talking heads said to buy

Mon, 10/31/2011 - 15:37 | 1829490 Sudden Debt
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Let's hope that as many lemmings as possible start to realize they'd better start buying PM's like crazy in Europe because NO WAY this shit is going to out in a favorable manner.


Mon, 10/31/2011 - 15:37 | 1829491 apberusdisvet
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Gravity is such a bitch.

Mon, 10/31/2011 - 16:02 | 1829574 EL INDIO
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The Euro is like a ski jumper after he's left the ramp

Mon, 10/31/2011 - 22:50 | 1830648 smiler03
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With a parachute on one ski and a jet on the other

Mon, 10/31/2011 - 15:37 | 1829493 EL INDIO
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Gravity is working and I’m betting on it. Everything is heavy at the moment except US bonds and the USD. Without the QE rocket booster fuel, assets are coming down and the next QE launch is not coming without some really terrible economy and a USD index much higher than what it is.

That’s their way of sterilising the money they print and reducing the dept. It gets destroyed in deflationary bankruptcies and defaults then they print some more until inflation is intolerable again then they let deflation come back for a while and so on. It’s a good plan for them if you think about it: you don’t get hyperinflation but you also don’t get a severe deflation and the status quo is persevered forever (or so they which).

Mon, 10/31/2011 - 16:48 | 1829745 plantigrade
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selective pression

Mon, 10/31/2011 - 15:37 | 1829496 rosex229
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is it time to load up on tza, dpk, faz, and tvix, or shall we wait until 48 hours after the nov 4th g20 meeting. i'm still truly awe struck by the size of this rally even if it is unraveling. i'm personally quite close to unloading my gold and silver, physical of course, andf buying back in after the coming crash. gold and silver will fall, but its to the moon once the hyperinflation  sets in.

Mon, 10/31/2011 - 15:48 | 1829536 Yellowhoard
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But it will be "paper" gold and silver that will crash the most. Last crash, the spreads between spot and physical were the widest I've ever seen.

People that held physical weren't selling and people with paper were selling to meet margin calls.

Mon, 10/31/2011 - 16:45 | 1829743 DosZap
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Last crash, the spreads between spot and physical were the widest I've ever seen.


Bingo, damn near where enough to make up for the PERCIVED loss, I can only imagine this time, the Phys mkt is REALLY short Silver now, and I am sure Gold is not near the levels it was avail in '08.

Mon, 10/31/2011 - 15:50 | 1829548 LongBalls
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You are assuming that you will be able to get your hands on it when everyone is rushing in. The bond investors will soon come to terms with the fact that CDS's are steaming piles of dung. They will be making massive money moves shortly. Buy PM's, hang on to what you have, and be thankful you have them. Do not pay attention to the price. Trying to time this bomb is CRAZY!

Mon, 10/31/2011 - 16:09 | 1829629 afdestruction
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Agreed. Hold your physical, if you want to hedge your losses I'd say get a small play in the ultrapro/ultrashort gold and silver funds.

Mon, 10/31/2011 - 15:38 | 1829497 oklaboy
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do I hear 1.0??? any takers?

Mon, 10/31/2011 - 15:39 | 1829503 SeverinSlade
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More bad news.  While the Martians seem ready and willing to bail out Europe, FT is reporting that after conducting an interview with God, even God is unwilling to bail out Europe saying, "I thought I fucked up when I created the Platypus but this Euro situation has clusterfuck written all over it."

Mon, 10/31/2011 - 15:39 | 1829504 Piranhanoia
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soon as you posted this someone started throwing money at it.  It was just about to break the low.  

How does it feel being The market mover ZH?

Mon, 10/31/2011 - 15:49 | 1829539 DB Cooper
DB Cooper's picture

Not any more - 1.38314

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