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Futures Turn Negative, EUR Back To Pre-Summit Levels Following Global Easefest

Tyler Durden's picture





 

In continuing the quantum physics scramble of the past 48 hours in the aftermath of the potential Higgs Boson discovery which confirms mass exists (and will soon be blamed for America's obesity epidemic) we ask if three of the world's largest central banks eased and futures turned red, did three of the world's largest central banks actually ease? Because if today is any indication, either all the EURUSD-ES algos are being furiously shut down right now to prevent risk from being dragged far lower, or we have reached peak central planner intervention. In other news, the entire EURUSD ramp since last week's summit is now gone, which incidentally is just what Germany always wanted.

EURUSD tumbles:

to retrace 100% of the EU Summit gains...

and S&P 500 futures are up a measly 1pt...

 


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Thu, 07/05/2012 - 08:10 | Link to Comment HelluvaEngineer
HelluvaEngineer's picture

I forget - did Goldman say I'm supposed to be long or short again?

Thu, 07/05/2012 - 08:14 | Link to Comment GetZeeGold
GetZeeGold's picture

 

 

It's every Muppet for themselves at this point.

 

Thu, 07/05/2012 - 08:24 | Link to Comment dexter bland
dexter bland's picture

Just hang on to your dollars my friend - if you have any. Sell your gold if you have any left. Try to avoid buying gas, it will be half the price next week.

Got USD?

 

 

 

Thu, 07/05/2012 - 08:47 | Link to Comment GetZeeGold
GetZeeGold's picture

 

 

Nice try but you're completely bassackwards. Trade paper for gold as it's on sale.

 

Thu, 07/05/2012 - 08:53 | Link to Comment disabledvet
disabledvet's picture

Are you talking DEBT paper? Cuz that crap sure ain't on sale. At least not YET.

Thu, 07/05/2012 - 08:42 | Link to Comment stocktivity
stocktivity's picture

No problem...futures will turn positive soon. Everything is better than expected. It's all Bullshit! Rally on.

Thu, 07/05/2012 - 08:11 | Link to Comment muppet investor
muppet investor's picture

Hummmm...it's going to be  busy day for you Tyler!

Thu, 07/05/2012 - 08:11 | Link to Comment A Man without Q...
A Man without Qualities's picture

central banks have turned the markets into somewhere only traders dare to tread.  The current market levels are in no way indicative of the underlying economy, but rather driven by policy.

When you leave it to the traders, they will buy the rumour and sell the fact, so the markets were seeing this as a top.

 

Is this what they wanted?

Thu, 07/05/2012 - 08:11 | Link to Comment KNiCKER
KNiCKER's picture

Alcoholism kills... Eventually

Thu, 07/05/2012 - 08:15 | Link to Comment GetZeeGold
GetZeeGold's picture

 

 

I'll drink to that.....yes....I'm aware what time it is.

 

Thu, 07/05/2012 - 08:20 | Link to Comment EL INDIO
EL INDIO's picture

It depends where you are !

Thu, 07/05/2012 - 08:12 | Link to Comment hugovanderbubble
hugovanderbubble's picture

Begin loading Volatility

VIXY,

VXX

TVIX

 

-Welcome to Japanization II

 

LONG DXD

Thu, 07/05/2012 - 08:17 | Link to Comment HelluvaEngineer
HelluvaEngineer's picture

Yeah, TVIX is going to 15 (after the reverse split)

Thu, 07/05/2012 - 08:13 | Link to Comment distopiandreamboy
distopiandreamboy's picture

SHHHH! the equities might hear you!

Thu, 07/05/2012 - 08:13 | Link to Comment Spurs
Spurs's picture

Music to my ears and....pockets

Thu, 07/05/2012 - 08:13 | Link to Comment The Duck Stops Here
The Duck Stops Here's picture

I would've thought we stayed green all day after that CB Trifecta

Thu, 07/05/2012 - 08:17 | Link to Comment Rentenmark
Rentenmark's picture

Don't worry, those down in the Fed's bunker will get this green by close.

Thu, 07/05/2012 - 08:16 | Link to Comment HellZero
HellZero's picture

Central Banks protecting the world from deflation

Thu, 07/05/2012 - 08:17 | Link to Comment MillionDollarBogus_
MillionDollarBogus_'s picture

When the EU head puppets figure out how to get their sovereign bond rates near zero, so the serious printing can start, then it will be clear sailing to infinity.....and beyond......

They set the rules so they can also break the rules, right..???

Thu, 07/05/2012 - 08:21 | Link to Comment GetZeeGold
GetZeeGold's picture

 

 

They set the rules so they can also break the rules, right..???

 

We deem that to be correct sir.

 

Thu, 07/05/2012 - 09:42 | Link to Comment LawsofPhysics
LawsofPhysics's picture

correct, infinite inflation is the banks best friend, deflation, not so much.

Thu, 07/05/2012 - 08:18 | Link to Comment 101 years and c...
101 years and counting's picture

ES still up about 40? time to give it ALL back. in a flash?

Thu, 07/05/2012 - 08:19 | Link to Comment EL INDIO
EL INDIO's picture

“…Higgs Boson discovery which confirms mass exists (and will soon be blamed for America's obesity epidemic)…”

 

Man, you sure are funny.

 

LMAO.

Thu, 07/05/2012 - 08:24 | Link to Comment hugovanderbubble
hugovanderbubble's picture

SPANISH BANCO POPULAR is in default

WHOLE SPANISH COMUNIDADES AUTONOMAS ARE IN DEFAULT

Thu, 07/05/2012 - 08:27 | Link to Comment Peter K
Peter K's picture

Merkel was on RTS a few minutes ago walking back all "new commitments" from last Friday mornings text messages ;)

New, commitments, what new commitments?

Thu, 07/05/2012 - 08:27 | Link to Comment Christoph830
Christoph830's picture

The law of diminishing returns FOR THE WIN........YESSSS

Thu, 07/05/2012 - 08:31 | Link to Comment aleph0
aleph0's picture

FWIW:

 

160 professors call for protest on €
05/07/2012

In a public call, 160 German-speaking Economics Professors, condemned the decisions of the EU summit last week as false. Germany and the other 'financially solid' states are continually being forced to extend their liability risk.

http://www.mmnews.de/index.php/wirtschaft/10353-160-professoren-rufen-zu...

http://www.welt.de/wirtschaft/article107910014/Oekonomen-rebellieren-geg...

Thu, 07/05/2012 - 08:32 | Link to Comment q99x2
q99x2's picture

Dow 13,000 here we go. Again!

Thu, 07/05/2012 - 08:32 | Link to Comment Dr. Engali
Dr. Engali's picture

"strong dollar" today. They are trying to hammer gold below 1600 again.

Thu, 07/05/2012 - 08:54 | Link to Comment EL INDIO
EL INDIO's picture

You still don’t get it, do you ?

No massive money printing and everything goes down (and USD up).

Thu, 07/05/2012 - 09:31 | Link to Comment Dr. Engali
Dr. Engali's picture

I think you're the one who doesn't get it. The dollar goes "up" against a bunch of other shit currencies. It's a race to the bottom.

Thu, 07/05/2012 - 09:41 | Link to Comment LawsofPhysics
LawsofPhysics's picture

Correct, the plan has always been to kill all fiat in order to replace them with a single world currency.  Economics has never been about money anyway, power and control (of natural resources in particular) has always been what all this gaming is really about.  Who will be the better slaves and who gets to be the slave master.  Place your bets, the casino is open.

Thu, 07/05/2012 - 09:54 | Link to Comment EL INDIO
EL INDIO's picture

I don’t know if you realise it but it’s gone up against gold too.

It’s been going up for a year now and in real terms not just compared to other currencies.

Check the facts rather than just regurgitating perma bulls crap.

Thu, 07/05/2012 - 10:10 | Link to Comment LawsofPhysics
LawsofPhysics's picture

Lots of fiats have gone up against gold, what's your point?  Just because a fiat currency goes up against gold, it doesn't mean I would want to hold it.  PMs are manipulated by all central banks.

Let me know when a currency is freely exchangable FOR A FIXED amount of gold, then I will be interested in holding it.  FYI, I sold some euros last week for gold on the euro strength.  I may buy more euros on the weekness.  This is how the game is played as we all race to the bottom.

No one in their right mind should be holding any fiat for too long right now.  

Thu, 07/05/2012 - 10:29 | Link to Comment EL INDIO
EL INDIO's picture

My point is simple, PMs are in a bearish posture until there is massive money printing

Thu, 07/05/2012 - 10:37 | Link to Comment LawsofPhysics
LawsofPhysics's picture

How can they be bearish if their purchasing power has remained the same? 

Moreover, ZIRP is essentially money printing!!!!!!!  Now CBs are proposes and implementing NIRP!!!!

Unless you really believe that there is no cost associated with creating capital, especially when you create no real value.

In that case, I have a couple bridges for sale that you may be interested in.

Thu, 07/05/2012 - 11:43 | Link to Comment Bastiat009
Bastiat009's picture

Facts are too confusing. People only want to hear what they think is right. 

Thu, 07/05/2012 - 08:33 | Link to Comment asteroids
asteroids's picture

The announcements seemed "sloppy". It's as if no one knew they were coming, or if they did they didn't care. If it's a "co-ordinated" move then there are a few other players missing. Very interesting.

Thu, 07/05/2012 - 09:10 | Link to Comment MFL8240
MFL8240's picture

2.5 years of lies, disception and outright rigging by the financial media and the banking liars.

Thu, 07/05/2012 - 09:37 | Link to Comment LawsofPhysics
LawsofPhysics's picture

Coordinated action by all central banks.  What could possibly go wrong?  Please, share your thoughts;

1) They get the inflation they weren't looking for - hyperinfaltion.

2) They kill all fiats (in order to feed us all a new one)

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