Morgan Stanley Slashes EURUSD Target To 1.30, Says EUR Attraction As An Alternative Reserve Currency Ending

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Tue, 09/13/2011 - 11:45 | 1663861 Ethics Gradient
Ethics Gradient's picture

Gold, bitchez!

Tue, 09/13/2011 - 11:51 | 1663897 Titus
Titus's picture

Silver cocksuckers! 

Cocksuckers seems more appropriate than following "bitches" with "bitches".

Tue, 09/13/2011 - 12:29 | 1664038 Silver Bully
Silver Bully's picture

'Bitchez' bitches!

It had to be done.

Tue, 09/13/2011 - 11:46 | 1663869 oogs66
oogs66's picture

buy buy buy

Tue, 09/13/2011 - 11:49 | 1663882 TradingJoe
TradingJoe's picture

"if you have to forecast, forecast often" :)))

Tue, 09/13/2011 - 11:49 | 1663886 spiral_eyes
spiral_eyes's picture

Here's the real reserve currency:

Gold.

 http://azizonomics.com/2011/09/10/can-bernanke-print-gold/

Tue, 09/13/2011 - 12:57 | 1664160 Spitzer
Spitzer's picture

The ECB just has to bid for gold with their dollars and Bretton Woods 2 is done.

Tue, 09/13/2011 - 11:50 | 1663890 Dick Darlington
Dick Darlington's picture

Fitch, the sleepy bear, is waking up. Expecting Saturnus sovereign wealth fund to express CONfidence in Spain and say they will buy all the paper they can get.

Tue, 09/13/2011 - 11:50 | 1663892 DefiantSurf
DefiantSurf's picture

Shocking revelation from Morgan Stanley, be still my beating heart...EURO as a reserve currency? That was a joke 2yrs ago...

Tue, 09/13/2011 - 11:50 | 1663893 orca
orca's picture

SGD as a CNY proxy, RUB as a commodity proxy, and lots and lots of the rich man's silver in physical form, hedged by ponzifiat.

Tue, 09/13/2011 - 11:56 | 1663898 SheepDog-One
SheepDog-One's picture

Why in the hell is the Euro 1.30-1 USD anyway....is there any plausible reason why that should be at all at this point?

Tue, 09/13/2011 - 19:02 | 1665569 Rainman
Rainman's picture

Euro has had only 12 years to debase itself. Patience.

Tue, 09/13/2011 - 11:55 | 1663913 SheepDog-One
SheepDog-One's picture

'Reserve currency of favor'....LOL what a joke theyre all nothing but drunken fiat hobos staggering arm in arm down an alleyway signing pub songs of 'hope for tomorrow...tomorrow'

Tue, 09/13/2011 - 12:32 | 1664052 Silver Bully
Silver Bully's picture

fiat hobo with a shotgun!

Starring The Bernank!

Tue, 09/13/2011 - 11:55 | 1663915 TheLooza
TheLooza's picture

" So.... what is left if one is looking for a reserve currency?"

the Polish Zloty, obviously.


Tue, 09/13/2011 - 11:57 | 1663923 SheepDog-One
SheepDog-One's picture

Shells and beads would be better reserve currencies than any of these fiatsco jokes.

Tue, 09/13/2011 - 12:04 | 1663952 mayhem_korner
mayhem_korner's picture

Shells are a good reserve currency.  I'm partial to 8-shot meeself.  ;)

Tue, 09/13/2011 - 11:57 | 1663919 tickhound
tickhound's picture

The Canadian $, check.  The Aussie $, check.  The Euro/Swissie, pending...

'Par' with the US $ seems to be a real good score.  Always coincidental, never by design.  Gold traded in $ Dronks.

 

Tue, 09/13/2011 - 11:59 | 1663931 monopoly
monopoly's picture

We all know this is taking more time than we feel is needed, but that is the way it is. Miners still in correction mode. Patience and physical gold, silver are good.

Tue, 09/13/2011 - 12:08 | 1663970 monopoly
monopoly's picture

Ya know, BBY one of the best retailers out there. So, if their sales are collapsing, do you really want to be in any retail? Stock down almost 8% and 50% off of long term high. Same with banks, why would anyone try a trade in an industry where you have no idea what the truth is and they cook their books to make all look better when most are insolvent if the truth be known.  Makes 0 sense to me.

But not shorting this market.

Tue, 09/13/2011 - 12:12 | 1663984 SDRII
SDRII's picture

the solution is always dilution

Tue, 09/13/2011 - 12:16 | 1663996 youngman
youngman's picture

"Another one bites the dust...and another ones gone..another ones gone..another one bites the dust..."  Queen.......so that leaves the USD and PM´s.......hmmmmmmmm...easy choice for me....but not for the HFT´s

Tue, 09/13/2011 - 12:20 | 1664006 ziggy59
ziggy59's picture

ooooh...oooohh  Mr. Kotter...i know this one.....pick me...pick me...

 

The Yen.  muwahahahah

Tue, 09/13/2011 - 12:53 | 1664139 hungarianboy
hungarianboy's picture

Gold will go to $1500 per ounce. Just wait and see.

Tue, 09/13/2011 - 13:04 | 1664185 xtop23
xtop23's picture

What will the DJIA be at your $1500 projection?

Tue, 09/13/2011 - 13:35 | 1664357 hungarianboy
hungarianboy's picture

Who cares about the DJIA? It's about the S&P and Russel2000.

But down to.

Tue, 09/13/2011 - 13:47 | 1664404 xtop23
xtop23's picture

 Only cared about the number of the DJIA as it pertains to Au to compare to previous markets and their numerical relationships , not whether or not its more or less valuable than the S&P in determining relative values. Which it isn't.

Tue, 09/13/2011 - 13:41 | 1664381 LowProfile
LowProfile's picture

I'm betting $1300/6000

Then to infinity, and beyond

Tue, 09/13/2011 - 13:05 | 1664170 xtop23
xtop23's picture

What is the deal with Morgan-Stanley lately ? They've been releasing decent information ( although hardly surprising information and the reserve currency comment is laughable ) .

Drumming up business ? Need to attract some customers that have some actual intelligence since the stupid fish were already taken down or have pulled out of this bipolar algo induced Hell of a market ?

Of course if they had intelligence they'd do their own investments and eliminate the middle man .

Tue, 09/13/2011 - 15:26 | 1664880 Budd Fox
Budd Fox's picture

Australian and New Zealand dollar...but none of us wants to be nobody's reserve currency . Keep us out of the mess...please.

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