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Market Reaction: Priced In (So Far) Except For Gold
Despite an initial knee-jerk higher on the 'ratification' confirmation, risk-asset markets seems less than enamored at the new European Conditional Union. European and US stocks popped but are falling back now - only marginally higher. EURUSD is back to pre-decision levels - though swung around in some crazy stop-seeking runs up and down. Bunds and TSYs are modestly higher in yield; Spainish and Italian bond yields are flat (so spreads are marginally lower). The biggest movers are Gold and Silver so far.
Pre-Karlsruhe: EUR 1.2870, Spain 10Y 5.677%, ES 1434, 10Y TSY 1.7100%, 10Y Bund 1.5700%, BE500 (Stocks) 187.13 (as the decision was made EURUSD cracked 60 pips lower and back up - perfectly normal algo stop-run)
Post-Decision : EUR 1.2875 (+5pips), Spain 10Y 5.70% (+3bps), ES 1436 (+2pts), 10Y TSY 1.732% (+2bps), 10Y Bund 1.614% (+4bps), BE500 (stocks) 187.7 (+.57)
Gold...
and EURUSD...
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The markets can't figure out what in the hell to do! Chickens running around with their heads chopped off!
The "markets" are selling the US$ (in case you didn't notice). US$s dead cat bounce appears to be over. EUR shorts - I am soooo sorry for you and your crowded, turned-sour, "EURO will vanish by 2010 no 2011 no 2012 no 2013 no ..." trade.
Just short the Euro via Gold, Silver, AUD and CAD...problem solved.
whatever it takes to get your euro hating rocks off...
closet dollar lover
Tsk. Just being realistic.
Lovely Euro - if the dollar is becoming meaningless as a measure the Euro is becoming it too. Like i have said here before, might as well just peg it.
The shorting please in the order stated in post above.
The EU only said they will print as much as it takes, we have not heard Bernanke's number yet. The Euro should be plummeting right now, but instead it is rising, because idiots who don't understand currency debasement think printing to maintain the currency is a good idea.
Inflation is better than a crash. With inflation I might have to pay more for food, but at least I'm eating. With a crash, I might not eat...that's how those idiots are thinking!
Here is how dire the US Dollar situation is
ECB about to print a fuckload of notes
yet EUR/USD higher
so the dollar is devaluing FASTER than the Euro
Concluding that the Bernank not announcing QE 3 tomorrow will trash the Dollar even more...
People use Japan as the standard counterxample, but it is an even less helpful comparison to the EU than to the USA. The EU has to deal with higher interest rates out of the gate, so has to print more.
if they peg it the HFT boxes can't scalp humanity via pre-ordained (reuters controlled) back n forth volatility... THIEVING BASTARDS, they should all fry in Dante's inferno
I wouldn't buy AUD, or CAD to short the Euro. If those countries run into economic problems, what is to stop them from printing money?
Nothing really. I put those behind the PMs, where else is the free EU cash going to flow ? US equities, maybe food. Oil seems to be capped in the moment.
Oil seems to get ready for a breakout to the upside. The chart looks quite bullish.
No wonder, considering the usurious race pushing the world towards another world war...
The AUD.
The current left wing government inherited a budget surplus and has pissed it all away.
The electorate know it and aren't happy.
Printing money would kill any party's re-election chances for 10 years due to the perceived shame.
Never say never but its unlikely.
With interest rates at about 3.5% there is room to move there.
I don't trade the euro? I'm flat by the way. There is Italian and German bond auctions coming up in the next 30 minutes. Have a good day :-) http://www.forexpros.com/rates-bonds/government-bond-spreads
Not so fast. My portfolio is going through the roof. But it is important to stay cool.
It is time to make real money. One should carefully to start loading on HK and SGD. I do not own Euro and do not plan to (talking about dead cat bouncing). It is safer to play through proxies like Swiss franc and Norwegian crona.
the Key word is SO FAR , since these Guys just keep buying everything and anything and any news.
Actually, the biggest mover seems to be platinum: up over $30.00...
Definitely, particularly, when considering continuing and perhaps progressing strikes in SA. This may soon happen to gold as well.
But gold ain't printed in South Africa...
To the moon Alice.
Even the gold move seems insignificant really. A few bucks. Now tomorrow,... that's gonna be a different story I think.
Buy more ICRAP and Waffle Irons? Sheeples are once again led to the slaughterhouse.
Holiday retail sales seen up 3.3 percent: ShopperTrak
http://finance.yahoo.com/news/holiday-retail-sales-seen-3-040258634.html
This european soap opera is just getting boring now..
Are there any humans left in the market? It's like Terminator Judgement day - the machines have decided they no longer need us......!
why should the markets be impressed, they know we'll be here, political brats with their begging bowls, in short order again
the Judges have bought time with money but resolved nothing
What else would you have expected from some aging youngsters with barely any real word experience, let alone some spine to do the right thing come hell or high water?
LOL. Nice, I think I am gonna throw up my breakfast. Time for some whiskey
Perfect. Downright scaring with his obscene luciferian grin. Fancy dress helps hide his goat legs
Iron Chef Mini-Me.
LLoyd looks faaaabulous in Kardinals of Karlsuhe red - and that impish grin!
Those robes are a perfecto match to the bloody river that his crew leaves where they operate.
What a cute brute!
What a scoundrel!
Don't we loooooove our monsters!
; >
He looks kinda familiar. Now where have I seen this shitbag before?
Kill it! Kill it with fire!!!
HELP! .. Silver bullets, wooden sticks, anyone? Anyone? Holy water, Garlic .. you just can't kill thise things!
he'll actually kill himself if you don't bail him out
I have a question, WB7.
Why is it that you don't seem to rake Chinese leaders over the coals in the same way you do Western leaders?
You do live in China, right? You've got a front row seat.
I don't need a high court to legalize the wrongdoings of fascist pigs, I need the people to open their fucking eyes...HUMANS WAKE THE FUCK UP, YOU ARE PATHETIC AND DESERVE THIS ASSRAPING!!!!
I give up. Humanity is lost. Somebody turn out the lights when they leave.
This is one of the last stops that can be pulled. After Germany has had it's credit rating destroyed and it's people turned into debt slaves and Spain, Itally, Greece and now Germany can no longer afford their sovergn debts, then what will they do?
Easy, RIOT!
here is the answer this is what they should do.What about selling cheap to china?
interest rates GER climbinng:
www.cds-info.com
What is the purpose of a constitutional court again... oh that's right, to make sure the can can be kicked a few more feet by throwing the lives of the German people into the machinery.
Fantatic, the EU is saved, party time ... but with conditions .... PARTEEEEEEE ... German involvement just €190billion (needle scratch across the record) .... what €190 billion .... what about the €1.5 trilion they've already backstopped .... silence on the dancefloor ......................................................... ooops! ...... PAAAAARRRRRRTTTTTEEEEEEEEEEEEEEEEEEEEEEEEEEEEEEEE muppets.
Is there actually a part of the German law that says you can only back 190B more Euros, or did the court make up that number?
Fullfilment of the first part of this prediction has started:
http://saposjoint.net/Forum/viewtopic.php?f=14&t=2626&start=2440#p39469
Lets see what level the prices reach, snap back before FOMC ( which will be also PM positive)
G and S at key resist = 1750/34
what else matters?
who the fuck cares what they do in the end?
fuck em and position acordingly.
short, long or pm
I'll take PM and back to zzzzzzz
wake me up at 50+ on the phy silv...
190 B slide into world pot of fiat
bend over the spank benank
slide in 500b to mb securities
or combo of long dated 10's and 30's - mb
hey, he will own the market sooooon
only buyer soon enuf.
pm will price this madness accordingly.
china to up the ante and build cities and roads to empty cities
sure enuf. peg to stay as all is fine in fiat wunderland.
BUT the pm spirts for a barameter of the madness as the minions go on to the appl store.
got that dial tuned to nfl, amerika's got talent freak show or your next idol...
the top spins until it doesnt.
stagflation at its best - the sheeple fucked again and they think(not) all is fine
I'm a nobody. I don't do markets, I only have a 401k. I'm a thousandairre.
To me, what I'm expecting is a slingshot. We're going to see a dip in the dollar as the fed loads it's slingshot sack full of QE. Investors in Europe are going to be uncomfortable with the limit of the German exposure, at some point, and start flooding back into the US market.
Initially, the dollar droops lower than my 50+ pecker, then it gets a nice dose of buyagra and hikes the dollar upwards as the world frets over the German limit. During that period gold and silver fall in price relative to the dollar and it is 'load the truck' time.
Somewhere in the midst of this, China and Russia refuse to accept dollars for any sort of transaction and agitate to go to a duo reserve currency.
We that bought start digging holes for our stash, and foxholes for everyone else we care about.
I'm pretty sure we're fucked in this deal.
get that 401 money out!!!!!
just got 403b money out.
takes some effort but can be done.
10 percent penalty and taxed on amt, but already covered with pm purch -I fucking have in my phy possesion!
not some pie in the sky corzinable brokerage (key word broker)!!!!!!!!
think chile my friend.
What people don't realize about brokers is that the word "broker" is actually the middle one of a simple progression: broke, broker, brokest.
Have tried repeatedly. As it is now, the only way to get it is to quit my job. I can't do that at this point.
Judges bought and paid for in every continent. Nice plan , and to think USSA is the fucking shining light , to whatever.
Obesity
Drugs
Whining
Inbreeding
Iphones
Icraps
Nike crap
Nordstrom, Kohls Crap
More fucking inbred crap and on and on
so much hostility. nothing wrong happened. eur will go to 140. sp to 1520. just trade it. then it will go down. so trade it again. its not the end of the world. went thru roman empire, middle ages, napoleonic wars, ww1, ww2 and lots of other disasters. keep calm and carry on.
Nothing wrong happened?? ALL what's happening is going the wrong way, and deliberately so.
Time to wake up, or maybe rather not.
And pry tell, what happens when the chinese, russians, indians, etc. who all have been buying up gold as fast as they can, come out one day with a partially gold backed currency? Both the dollar and euro will be dead in the water. It will be the golden shot heard round the world.
"Both the dollar and euro will be dead in the water."
Backed by senile supreme courts and bankrupt bankers:
In Debt We Trust!
"Hoarders have more fun !" Wisdom is like a kaleidoscope .... with every twist .... the simple wisdom is revealed in sparkling colour ! Monedas 1929 Comedy Jihad I Approve This Message Tour
The court could either preserve the status quo, or cut government budgets by defaulting on bonds or reducing other budget items. The "Powers That Be" had but one option.
... which put an apparently safe own retirement on top of the agenda.
This is REALLY GREAT for the GREAT UNITED STATES OF EUROPE (cough cough)!
Why? Oh, this gives me more time to get out of FIAT, I have secured a great number of excellent deals for my company in 2013!
I just hope these "sound Europeans" (vomiting voices) can even prolong this crap until 2014..
Btw, is there any way I can vote these clowns like Barroso, Monti, Gollum van Rumpoy? Ah, forgot, these were unelected fascists - but I would vote them anyway. Just keep the train on track a little further ...
A number of notable equity bears have capitulated this week. Does this mean the top is finally in, or does this mean that I am the only short left who hasn't gotten the memo? I must admit, it looks like there is no way to stop this (nominal) train. Too bad my shorts aren't measured in real terms!
The Obama algos are pushing for a top after November 6.