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Negative Euro Headlines Are Back Sending EURUSD And Its Derivative, S&P500 To Day's Lows

Tyler Durden's picture




 

As the Dow crosses 13000 and S&P crosses 1400 - the wrong way - the noise from Europe is picking up:

  • *IMF SAYS IMPLEMENTING MEASURES A `MAJOR CHALLENGE' FOR GREECE
  • *IMF: No Request From Spain For IMF Financial Help
  • *SLOVAK PREMIER FICO SEES 5O% CHANCE OF EURO AREA BREAKUP

Bah, what does the Slovak premier know: it is not like he is a member of the Eurozone. Oh wait...

EURUSD has fallen 50pips from its intraday highs; Spain 10Y (+19bps to 525bps) is at 3-week wides.

 

and the US indices look weak...

 

with S&P 500 e-mini futures (ES) testing the week's lows...

 

Charts: Bloomberg

 

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Thu, 08/30/2012 - 10:45 | 2749456 LawsofPhysics
LawsofPhysics's picture

Put the DOW 13,000 hats away boys (again).

Thu, 08/30/2012 - 11:02 | 2749512 camaro68ss
camaro68ss's picture

I thought negetive headlines made the markets go up? Now down is down? so lost.....

Thu, 08/30/2012 - 11:28 | 2749597 poor fella
poor fella's picture

Waiting to dust off the Dow 10k hat...  until then, it's noise.

Thu, 08/30/2012 - 11:46 | 2749655 SafelyGraze
SafelyGraze's picture

me and tyler are selling at 36,000

Thu, 08/30/2012 - 10:46 | 2749459 Xibalba
Xibalba's picture

"Gold is the enemy"

Thu, 08/30/2012 - 10:50 | 2749472 dingoj
dingoj's picture

nah, it does that everytime the EUR bleeds. it heals far quicker though.

Thu, 08/30/2012 - 10:53 | 2749485 Xibalba
Xibalba's picture

I know, I know.....For some reason I had that Volker quote in my head.

Thu, 08/30/2012 - 11:13 | 2749550 Ghordius
Ghordius's picture

we should get Volker to say something about gold, USD and the EUR. like gold is the enemy of... and the friend of...

or "Mr. USD comes unexpectedly early home and finds in his bed..."

Thu, 08/30/2012 - 10:46 | 2749460 the 300000000th...
the 300000000th percent's picture

Bullish, here comes QE 5

Thu, 08/30/2012 - 10:47 | 2749462 the 300000000th...
the 300000000th percent's picture

didnt QE 3 and 4 already happen under the radar

Thu, 08/30/2012 - 10:48 | 2749467 fonzannoon
fonzannoon's picture

What's with the MS rumors all over these boards lately? Any substance?

Thu, 08/30/2012 - 11:05 | 2749520 Dr. Engali
Dr. Engali's picture

There was a post about three days back that Jim Willie was talking about  Morgan Stanley's demise.Here is the link.

 

http://www.financialsense.com/contributors/jim-willie/firestorms-and-cur...

 

 

 

Thu, 08/30/2012 - 11:09 | 2749540 fonzannoon
fonzannoon's picture

Thanks for the link. That rumor seems to flare up every 6 months but that's as far as it goes.

Thu, 08/30/2012 - 11:13 | 2749547 Dr. Engali
Dr. Engali's picture

I have been shorting MS from time to time. I usually wait for them to get out from under the radar to short them.

Thu, 08/30/2012 - 11:15 | 2749558 fonzannoon
fonzannoon's picture

 Cramer said they were cheap at $19.

Thu, 08/30/2012 - 10:50 | 2749471 Jlmadyson
Jlmadyson's picture

Euro baby!'

Lockhart killing all hopes and dreams.

Surprised Liesman didn't fall out of his chair.

Thu, 08/30/2012 - 10:50 | 2749473 I Am Not a Copp...
I Am Not a Copper Top's picture

GODDAMNIT!!! GET THAT SHIT BACK ABOVE 1400 NOW MISTER!!!!!

Thu, 08/30/2012 - 10:50 | 2749476 fuu
fuu's picture

Silver blowtorchez bitchez!

Thu, 08/30/2012 - 10:54 | 2749491 the 300000000th...
the 300000000th percent's picture

Great! I buy a bunch more!

Thu, 08/30/2012 - 10:51 | 2749481 Inthemix96
Inthemix96's picture

See,

George W Obomya has worked his fucking magic again,

DOW to 13,0000000000000000000 folks

Thu, 08/30/2012 - 10:53 | 2749487 bnbdnb
bnbdnb's picture

Flash crash coming?

Thu, 08/30/2012 - 10:53 | 2749488 fonzannoon
fonzannoon's picture

Bill Gross still pounding the table with QE. Looks like he is about to get smacked around twice.

Thu, 08/30/2012 - 10:53 | 2749489 TonyCoitus
TonyCoitus's picture

Sung to the tune of White Rabbit:

 

One pill makes you poorer

and one pill makes you rich

and the one that Benny gives you, will make you his Bitch

Go ask goldie

Thu, 08/30/2012 - 10:55 | 2749492 Bastiat009
Bastiat009's picture

Euro is up ... oh no, euro is down.

It's raining, it's sunny, it's raining, it's sunny ... I don't know what to wear.

Thu, 08/30/2012 - 11:02 | 2749511 fuu
fuu's picture

Nothing but a smile.

Thu, 08/30/2012 - 12:24 | 2749785 viahj
viahj's picture

kevlar

Thu, 08/30/2012 - 10:55 | 2749493 IridiumRebel
IridiumRebel's picture

This is a test......this is only a test. Should a real emergency have occurred, authorities would be along shortly with official instructions. This is only a test.

 

Thu, 08/30/2012 - 10:57 | 2749499 Flaming Ferrari
Flaming Ferrari's picture

Not to worry. Will rebound on the next Draghi fart.

Thu, 08/30/2012 - 10:58 | 2749501 buzzsaw99
buzzsaw99's picture

the fly bought a shitty house. maybe there is a god.

Thu, 08/30/2012 - 11:04 | 2749518 SafelyGraze
SafelyGraze's picture

keynes recognized that stimulus is needed over and over again
http://tinyurl.com/9ox33a8
 

Thu, 08/30/2012 - 11:05 | 2749526 JJSF
Thu, 08/30/2012 - 11:05 | 2749528 Non Passaran
Non Passaran's picture

I'm lovin' it!

I've got enough short positions that I'm making money today (unlike most other days this year).

Thu, 08/30/2012 - 11:06 | 2749531 fonzannoon
fonzannoon's picture

Someone keeps jumping into this market to avoid a huge selloff. I know I would want to jump in on a 120pt selloff right before Bernanke disappoints.....yup....

Thu, 08/30/2012 - 11:08 | 2749537 youngman
youngman's picture

Look at the gold charts from yesterday and today..exact copies....no manipulation..na never

Thu, 08/30/2012 - 11:14 | 2749553 Inthemix96
Inthemix96's picture

A true story here folks.

I had a Slovak mate many years ago who came here to England for work, got to know him damn well and he was a spot on bloke, but jesus christ could he drink.  I thought I was a good drinker but this fella could put a room full of hard core plonkys to shame.

I have no idea what relevance this has to the story unfolding, but it sparked off a memory of a damn fine man I had the privelige to know.

Thu, 08/30/2012 - 11:41 | 2749639 poor fella
poor fella's picture

Maybe you're subconsciously reminiscing about a damn fine economy you used to know?

One where there was nothing better than drinking hard and shootin' the shit with the mates after a hard day's work... ?

Not the economy where everyone pre-postures on the words of a bunch of central bank fucks pulling everyone's plonkers and listening to a bunch of smug shitstains saying you're missing out by not participating and not believing in their rightous plans.

That's my diagnosis - please contact me for payment in pints  ;)

Thu, 08/30/2012 - 12:21 | 2749777 Inthemix96
Inthemix96's picture

'Bout those shitstains poor fella,

I just happened to be on the guiness last night and well, you know, I had a late night early morning reflex action, if you know what I mean.

I may not be able to get the whites, white, so sorry, the beers are on hold mate.

Thu, 08/30/2012 - 11:18 | 2749570 CrashisOptimistic
CrashisOptimistic's picture

I think we're seeing some leakage of information out of the Frankfurt debate at the ECB on "how do we construct a bond buying plan."

They can't get internal agreement.  Germany says no.  Finland says no.  The Dutch say no.  Austria says no.

You want to see collapse?  Let's have Draghi resign with a statement that "it cannot be done."

 

Thu, 08/30/2012 - 11:31 | 2749612 fonzannoon
fonzannoon's picture

How about if we see Draghi collapse?

Thu, 08/30/2012 - 12:22 | 2749781 Haager
Haager's picture

If I remember correctly that does mean yes: no*no*no*no=yes

Thu, 08/30/2012 - 11:26 | 2749594 Flaming Ferrari
Flaming Ferrari's picture

And it's over. Hope all those longs were quick to get back in. Aren't headline driven markets fun!

Thu, 08/30/2012 - 12:12 | 2749748 Bastiat009
Bastiat009's picture

Funny how two stories that say that the euro and gold will go up have been posted on this site just before the euro and gold fell, together, at the exact same time again.

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