Market Snapshot: EUR Strong But Everything Else Weak As Europe Closes

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Wed, 09/21/2011 - 12:02 | 1692684 GeneMarchbanks
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Either BNP goes or the Euro choose wisely. Later on, it all goes.

Wed, 09/21/2011 - 12:04 | 1692698 prains
prains's picture

Either BNP goes or the Euro choose wisely.



Wed, 09/21/2011 - 12:07 | 1692705 MillionDollarBonus_
MillionDollarBonus_'s picture

Just a waiting game now. I'm heavily overweight equities and equity futures; positioned adequately for Bernanke's big day.

Wed, 09/21/2011 - 12:07 | 1692715 jdelano
jdelano's picture

Lol.  Man, imagine if you really were that stupid?  Now that would be even funnier...

Wed, 09/21/2011 - 12:20 | 1692783 DeadFred
DeadFred's picture

Flat today with a modest rise until Friday, 1230 cap on the S&P. Then reality sets in and your mythical positions lose money. We'll see on Monday. Bernanke won't do more today than meet what's already priced in and the twist is not enough to compensate for Europe. MHO

Wed, 09/21/2011 - 13:20 | 1693168 IQ 145
IQ 145's picture

Long from 1190 on the S&P; not mythical; I think the Market has changed sentiment.

Wed, 09/21/2011 - 12:02 | 1692690 SheepDog-One
SheepDog-One's picture

Hell as long as the fiat currency is 'strong' in bankrupt Euroland, all is well lets go rock some cheeseburgers and Freedom Fries!

Wed, 09/21/2011 - 12:13 | 1692742 BrocilyBeef
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Freedom floaters!

Wed, 09/21/2011 - 12:02 | 1692692 X.inf.capt
X.inf.capt's picture

man, these articles are coming out FAST...

Wed, 09/21/2011 - 12:04 | 1692701 jdelano
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this is an excerpt from an article on the finance page of the Telegraph.  The article has just been pulled down.  Freudian slip?

However, the forecasts were based on the assumption that President Barack Obama's $447bn jobs plan is approved and the eurozone crisis is resolved with no more than the small voluntary default on Greek debt already agreed. A worse outcome is a "distinct possibility", the IMF warned.

Wed, 09/21/2011 - 12:10 | 1692727 SheepDog-One
SheepDog-One's picture

Wow thats insane, 'Best case scenario and full repair for all us bankrupt countries is already priced in, but that could possibly go bad'...lmao this is quite a circus! 

Wed, 09/21/2011 - 12:15 | 1692754 jdelano
jdelano's picture

yes--and also note how they reported the Greek default as a foregone conclusion....

Wed, 09/21/2011 - 12:07 | 1692711 RoRoTrader
RoRoTrader's picture

"there must be someway out of here", said the joker to the thief......

Bruce Sprinsteen - Neil Young ......All Along The Watchtower

Wed, 09/21/2011 - 12:21 | 1692786 PivotalTrades
PivotalTrades's picture

Try Bob Dylan

Wed, 09/21/2011 - 12:32 | 1692847 BungaBunga
BungaBunga's picture

I heard Bob tried Jimi Hendrix. Or was that Jim Morrison?

Wed, 09/21/2011 - 12:07 | 1692713 eurusdog
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Won't last, FOMC will not deliver. They will put the decision off until next meeting. Market has been relatively stable (as far as not crashing) and USD hasn't strengthened to much. No need to act right now.

Wed, 09/21/2011 - 12:07 | 1692714 RobotTrader
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Here's another "outlier" for today:

30-yr. yield now crashing to 3.18%, long bonds now at 142.

The Bernanke Fed will go down as the greatest financial engineer of all time.

Nobody, I mean nobody, has been able to "whip inflation", drive interest rates to world record lows, boost stocks 85% off 2009 lows, while running gargantuan deficit spending.

Economists and PhD's will be talking about this for the next 100 years.

Wed, 09/21/2011 - 12:11 | 1692729 What_Me_Worry
What_Me_Worry's picture

Well, at least you got the last sentence right.

Wed, 09/21/2011 - 12:11 | 1692730 SheepDog-One
SheepDog-One's picture

Nobody I mean nobody is a bigger dork that you Momo!

Wed, 09/21/2011 - 12:15 | 1692756 Theta_Burn
Theta_Burn's picture

Accurate statement today give it 6 mths. and revisit this master of the universe call

Folks will be talking about it alright, and it won't be about the rosy outcome..

Wed, 09/21/2011 - 13:23 | 1693192 IQ 145
IQ 145's picture

Shorted them from 142, basis Dec. this morning; they got nowhere to go but down. I like nice simple stories.

Wed, 09/21/2011 - 12:08 | 1692718 disabledvet
disabledvet's picture

Corrleations are in place you mean. Dollar is the only exception as it shows strength "but for today." the last of the "sure thing" set have now had their balls but in the vice grips. At 215 The Bernank will order "squeeze" and come tomorrow you'll start hearing the grunts and groans.

Wed, 09/21/2011 - 12:13 | 1692735 JW n FL
JW n FL's picture



"back above 1.37 after trending generally weaker all day"

How much did that cost the U.S. Tax Payer?

Saving the Same Europe who would not fight for Light Sweet Crude?

Is America owned by Israel or France? I am confused?

or.. How many Owners has Washington sold themselves too?

I can see and off book synthetic sale of Votes.. if you are going to Vote one way. You might as well get everyone who wants you to Vote that way to pay you for something you are going to do any way, Right?

I hate that most people do get it.

Wed, 09/21/2011 - 12:32 | 1692853 Monedas
Monedas's picture

The World is run by and for the benefit of your closest 600,000 million Socialist bureaucrat friends ! Monedas 2011 I'd rather be a snowflake in Heaven....than a lump of coal in Hell !

Wed, 09/21/2011 - 12:23 | 1692800 Monedas
Monedas's picture

When I buy a Tetrapak liter of V8 juice for a buck at my beachfront Mexican Walmart, I give them a $20 dollar bill and they give me thirteen pesos to the dollar in change ! Beats the serape off the local money changers....Casa de Cambio ! They can't prop up the dollar forever ! Relief is on the way ! They've been planning this "September Stick Up" for a while ? Monedas 2011 Michael Moore is the love child of Madalyn Murray O'Hair and Barney Frank......the three most hated people in America !

Wed, 09/21/2011 - 12:31 | 1692844 mynhair
mynhair's picture

Jonesin' to pick up TMV here at 18.13, but it might go to 17.  WTFK?

Wed, 09/21/2011 - 12:59 | 1693022 lolmao500
lolmao500's picture

Chairsatan should just finish off Europe and annouce QE3 so the euro gets stronger, crippling their exports.

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