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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LawsofPhysics's picture

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

camaro68ss's picture

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

poor fella's picture

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

SafelyGraze's picture

me and tyler are selling at 36,000

Xibalba's picture

"Gold is the enemy"

dingoj's picture

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

Xibalba's picture

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

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..."

the 300000000th percent's picture

Bullish, here comes QE 5

the 300000000th percent's picture

didnt QE 3 and 4 already happen under the radar

fonzannoon's picture

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

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...

 

 

 

fonzannoon's picture

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

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.

fonzannoon's picture

 Cramer said they were cheap at $19.

Jlmadyson's picture

Euro baby!'

Lockhart killing all hopes and dreams.

Surprised Liesman didn't fall out of his chair.

I Am Not a Copper Top's picture

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

fuu's picture

Silver blowtorchez bitchez!

Inthemix96's picture

See,

George W Obomya has worked his fucking magic again,

DOW to 13,0000000000000000000 folks

bnbdnb's picture

Flash crash coming?

fonzannoon's picture

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

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

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.

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.

 

Flaming Ferrari's picture

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

buzzsaw99's picture

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

SafelyGraze's picture

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

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).

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....

youngman's picture

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

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.

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  ;)

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.

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."

 

fonzannoon's picture

How about if we see Draghi collapse?

Haager's picture

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

Flaming Ferrari's picture

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

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.